RZV vs. VSCAX
RZV (Invesco S&P SmallCap 600® Pure Value ETF) and VSCAX (Invesco Small Cap Value Fund) are both Small Cap Value Equities funds from Invesco. Over the past 10 years, RZV returned 10.83%/yr vs 17.04%/yr for VSCAX. Their correlation of 0.87 means they have usually moved in the same direction. RZV charges 0.35%/yr vs 1.12%/yr for VSCAX.
Performance
RZV vs. VSCAX - Performance Comparison
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Returns By Period
In the year-to-date period, RZV achieves a 28.27% return, which is significantly higher than VSCAX's 22.92% return. Over the past 10 years, RZV has underperformed VSCAX with an annualized return of 10.83%, while VSCAX has yielded a comparatively higher 17.04% annualized return.
RZV
- 1D
- 1.82%
- 1M
- 2.39%
- 6M
- 16.91%
- YTD
- 28.27%
- 1Y
- 48.09%
- 3Y*
- 16.77%
- 5Y*
- 12.95%
- 10Y*
- 10.83%
- ALL TIME*
- 8.35%
VSCAX
- 1D
- 1.07%
- 1M
- -3.62%
- 6M
- 9.89%
- YTD
- 22.92%
- 1Y
- 44.67%
- 3Y*
- 24.54%
- 5Y*
- 19.78%
- 10Y*
- 17.04%
- ALL TIME*
- 12.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.90M | $1.80M | $1.00M | |
| $0.00 | $0.00 | $0.00 |
RZV vs. VSCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RZV Invesco S&P SmallCap 600® Pure Value ETF | 28.27% | 8.65% | 5.06% | 22.97% | -6.80% | 45.95% | -3.88% | 22.29% | -19.66% | 1.25% |
VSCAX Invesco Small Cap Value Fund | 22.92% | 17.70% | 24.54% | 22.84% | 4.31% | 36.34% | 10.81% | 32.02% | -25.64% | 18.17% |
Correlation
The correlation between RZV and VSCAX is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2006 | 0.87 |
Over the past year, the correlation between RZV and VSCAX has dropped to 0.62 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
RZV vs. VSCAX — Risk / Return Rank
RZV
VSCAX
RZV vs. VSCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Value ETF (RZV) and Invesco Small Cap Value Fund (VSCAX). 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.
| RZV | VSCAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.30 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 3.48 | +0.37 |
| Martin ratioReturn relative to average drawdown | 12.98 | 10.84 | +2.15 |
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Drawdowns
RZV vs. VSCAX - Drawdown Comparison
The maximum RZV drawdown since its inception was -77.11%, which is greater than VSCAX's maximum drawdown of -57.77%. Use the drawdown chart below to compare losses from any high point for RZV and VSCAX.
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Drawdown Indicators
| RZV | VSCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.11% | -57.77% | -19.34% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -12.11% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -29.81% | -25.29% | -4.52% |
Max Drawdown (5Y)Largest decline over 5 years | -29.81% | -25.29% | -4.52% |
Max Drawdown (10Y)Largest decline over 10 years | -60.42% | -57.77% | -2.65% |
Current DrawdownCurrent decline from peak | -0.97% | -8.74% | +7.77% |
Average DrawdownAverage peak-to-trough decline | -13.50% | -8.87% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 3.88% | -0.17% |
Volatility
RZV vs. VSCAX - Volatility Comparison
The current volatility for Invesco S&P SmallCap 600® Pure Value ETF (RZV) is 5.09%, while Invesco Small Cap Value Fund (VSCAX) has a volatility of 7.73%. This indicates that RZV experiences smaller price fluctuations and is considered to be less risky than VSCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RZV | VSCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 7.73% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | 18.55% | -4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.11% | 23.31% | -3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.09% | 23.43% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.89% | 26.72% | +0.17% |
RZV vs. VSCAX - Expense Ratio Comparison
RZV has a 0.35% expense ratio, which is lower than VSCAX's 1.12% expense ratio.
Dividends
RZV vs. VSCAX - Dividend Comparison
RZV's dividend yield for the trailing twelve months is around 1.37%, less than VSCAX's 7.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RZV Invesco S&P SmallCap 600® Pure Value ETF | 1.37% | 1.59% | 1.14% | 1.13% | 1.43% | 0.86% | 0.63% | 1.03% | 2.03% | 1.02% | 0.46% | 1.24% |
VSCAX Invesco Small Cap Value Fund | 7.50% | 9.22% | 7.90% | 4.93% | 10.12% | 16.90% | 0.30% | 2.53% | 28.45% | 16.65% | 1.71% | 11.08% |
Frequently Asked Questions
RZV and VSCAX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VSCAX has higher volatility (7.73%) compared to RZV (5.09%). In terms of maximum drawdown, RZV dropped -77.11% vs VSCAX's -57.77%.
RZV currently has the higher Sharpe Ratio (2.41 vs 1.81), 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.
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