RZG vs. RZV

Last updated Aug 5, 2026

RZG (Invesco S&P SmallCap 600® Pure Growth ETF) and RZV (Invesco S&P SmallCap 600® Pure Value ETF) are both exchange-traded funds - RZG is a Small Cap Growth Equities fund tracking the S&P Small Cap 600 Pure Growth, while RZV is a Small Cap Value Equities fund tracking the S&P Small Cap 600 Pure Value. Both are passively managed. Over the past 10 years, RZG returned 10.25%/yr vs 10.95%/yr for RZV. Their correlation of 0.81 means they have usually moved in the same direction. Both charge a 0.35% expense ratio.

Performance

RZG vs. RZV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap 600® Pure Growth ETF (RZG) and Invesco S&P SmallCap 600® Pure Value ETF (RZV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RZG achieves a 31.95% return, which is significantly higher than RZV's 29.73% return. Over the past 10 years, RZG has underperformed RZV with an annualized return of 10.25%, while RZV has yielded a comparatively higher 10.95% annualized return.

RZG

• 1D: 2.48%
• 1M: -0.04%
• 6M: 24.01%
• YTD: 31.95%
• 1Y: 40.91%
• 3Y*: 19.09%
• 5Y*: 6.47%
• 10Y*: 10.25%
• ALL TIME*: 9.44%

RZV

• 1D: 1.14%
• 1M: 3.56%
• 6M: 17.67%
• YTD: 29.73%
• 1Y: 47.02%
• 3Y*: 17.21%
• 5Y*: 12.76%
• 10Y*: 10.95%
• ALL TIME*: 8.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RZG Invesco S&P SmallCap 600® Pure Growth ETF	$1.33M	$1.65M	$1.06M
RZV Invesco S&P SmallCap 600® Pure Value ETF	$2.12M	$1.86M	$1.05M

RZG vs. RZV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RZG Invesco S&P SmallCap 600® Pure Growth ETF	31.95%	10.22%	9.84%	19.15%	-29.00%	21.01%	17.76%	14.25%	-8.70%	19.18%
RZV Invesco S&P SmallCap 600® Pure Value ETF	29.73%	8.65%	5.06%	22.97%	-6.80%	45.95%	-3.88%	22.29%	-19.66%	1.25%

Correlation

The correlation between RZG and RZV is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.82
Correlation (All Time) Calculated using the full available price history since Mar 7, 2006	0.81

The correlation between RZG and RZV has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.

RZG vs. RZV - Sectors Allocation Comparison

Sectors	RZG	RZV
Healthcare	25.1%	8.8%
Technology	17.3%	12.1%
Industrials	16.4%	15.7%
Financial Services	15.1%	7.7%
Consumer Cyclical	9.1%	23.9%
Real Estate	6.8%	4.6%
Consumer Defensive	5.6%	10.4%
Energy	2.4%	7.4%
Communication Services	1.7%	3.4%
Basic Materials	0.4%	5.7%
Utilities	0.4%	0.4%

Return for Risk

RZG vs. RZV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RZG

RZG Risk / Return Rank: 85
RZG Sharpe Ratio Rank: 82
RZG Sortino Ratio Rank: 86
RZG Omega Ratio Rank: 76
RZG Calmar Ratio Rank: 93
RZG Martin Ratio Rank: 88

RZV

RZV Risk / Return Rank: 86
RZV Sharpe Ratio Rank: 89
RZV Sortino Ratio Rank: 88
RZV Omega Ratio Rank: 84
RZV Calmar Ratio Rank: 87
RZV Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RZG vs. RZV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Growth ETF (RZG) and Invesco S&P SmallCap 600® Pure Value ETF (RZV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RZG	RZV	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.36	-0.24
Sortino ratio: Return per unit of downside risk	3.13	3.30	-0.18
Omega ratio: Gain probability vs. loss probability	1.36	1.40	-0.04
Calmar ratio: Return relative to maximum drawdown	4.77	3.76	+1.00
Martin ratio: Return relative to average drawdown	14.75	12.70	+2.05

RZG vs. RZV - Sharpe Ratio Comparison

The current RZG Sharpe Ratio is 2.12, which is comparable to the RZV Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of RZG and RZV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RZG vs. RZV - Drawdown Comparison

The maximum RZG drawdown since its inception was -58.52%, smaller than the maximum RZV drawdown of -77.11%. Use the drawdown chart below to compare losses from any high point for RZG and RZV.

Drawdown Indicators

	RZG	RZV	Difference
Max Drawdown Largest peak-to-trough decline	-58.52%	-77.11%	+18.59%
Max Drawdown (1Y) Largest decline over 1 year	-8.63%	-12.56%	+3.93%
Max Drawdown (3Y) Largest decline over 3 years	-25.73%	-29.81%	+4.08%
Max Drawdown (5Y) Largest decline over 5 years	-38.33%	-29.81%	-8.52%
Max Drawdown (10Y) Largest decline over 10 years	-54.02%	-60.42%	+6.40%
Current Drawdown Current decline from peak	-1.62%	0.00%	-1.62%
Average Drawdown Average peak-to-trough decline	-12.04%	-13.50%	+1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	3.71%	-0.93%

Volatility

RZG vs. RZV - Volatility Comparison

Invesco S&P SmallCap 600® Pure Growth ETF (RZG) has a higher volatility of 6.56% compared to Invesco S&P SmallCap 600® Pure Value ETF (RZV) at 5.15%. This indicates that RZG's price experiences larger fluctuations and is considered to be riskier than RZV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RZG	RZV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.56%	5.15%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	14.93%	13.78%	+1.15%
Volatility (1Y) Calculated over the trailing 1-year period	19.42%	20.09%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.07%	24.06%	-0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.67%	26.89%	-2.22%

RZG vs. RZV - Expense Ratio Comparison

Both RZG and RZV have an expense ratio of 0.35%.

Dividends

RZG vs. RZV - Dividend Comparison

RZG's dividend yield for the trailing twelve months is around 0.43%, less than RZV's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RZG Invesco S&P SmallCap 600® Pure Growth ETF	0.43%	0.37%	0.95%	1.43%	1.59%	0.22%	0.49%	0.70%	0.46%	0.44%	0.65%	0.70%
RZV Invesco S&P SmallCap 600® Pure Value ETF	1.36%	1.59%	1.14%	1.13%	1.43%	0.86%	0.63%	1.03%	2.03%	1.02%	0.46%	1.24%

Frequently Asked Questions

Can I hold both RZG and RZV in my portfolio?

RZG and RZV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RZG or RZV?

RZG has higher volatility (6.56%) compared to RZV (5.15%). In terms of maximum drawdown, RZG dropped -58.52% vs RZV's -77.11%.

Which ETF is better, RZG or RZV?

On 10-year performance, RZV leads with 10.95% vs 10.25% for RZG. Both ETFs have the same 0.35% expense ratio. On volatility, RZV has been the lower-risk option at 5.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RZG or RZV?

Over the 10-year period, RZV has performed better with a 10.95% return vs 10.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RZG or RZV?

RZG and RZV have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, RZG or RZV?

RZV has the higher dividend yield at 1.36%, compared with 0.43% for RZG.

What is the main difference between RZG and RZV?

RZG is categorized as Small Cap Growth Equities, while RZV is Small Cap Value Equities. RZG tracks S&P Small Cap 600 Pure Growth, while RZV tracks S&P Small Cap 600 Pure Value.

Which has better risk-adjusted returns?

RZV currently has the higher Sharpe Ratio (2.36 vs 2.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.