XOEF vs. RPG

Last updated Jul 21, 2026

XOEF (iShares S&P 500 ex S&P 100 ETF) and RPG (Invesco S&P 500 Pure Growth ETF) are both exchange-traded funds - XOEF is a S&P 500 fund tracking the S&P 500 Ex-S&P 100 Select Index, while RPG is a Large Cap Growth Equities fund tracking the S&P 500/Citigroup Pure Growth Index. Both are passively managed. Over the past year, XOEF returned 18.97% vs 21.45% for RPG. Their correlation of 0.84 suggests significant overlap in exposure. XOEF charges 0.20%/yr vs 0.35%/yr for RPG.

Performance

XOEF vs. RPG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 ex S&P 100 ETF (XOEF) and Invesco S&P 500 Pure Growth ETF (RPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XOEF achieves a 13.96% return, which is significantly lower than RPG's 21.44% return.

XOEF

• 1D: -0.44%
• 1M: -1.24%
• 6M: 8.68%
• YTD: 13.96%
• 1Y: 18.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.24%

RPG

• 1D: 0.34%
• 1M: -9.71%
• 6M: 15.89%
• YTD: 21.44%
• 1Y: 21.45%
• 3Y*: 22.31%
• 5Y*: 9.19%
• 10Y*: 13.47%
• ALL TIME*: 11.62%

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

XOEF vs. RPG - Yearly Performance Comparison

	2026 (YTD)	2025
XOEF iShares S&P 500 ex S&P 100 ETF	13.96%	4.27%
RPG Invesco S&P 500 Pure Growth ETF	21.44%	1.54%

Correlation

The correlation between XOEF and RPG is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.84

The correlation between XOEF and RPG has been stable across timeframes, ranging from 0.84 to 0.84 - a consistent structural relationship.

Return for Risk

XOEF vs. RPG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XOEF

XOEF Risk / Return Rank: 63
XOEF Sharpe Ratio Rank: 60
XOEF Sortino Ratio Rank: 61
XOEF Omega Ratio Rank: 55
XOEF Calmar Ratio Rank: 67
XOEF Martin Ratio Rank: 72

RPG

RPG Risk / Return Rank: 39
RPG Sharpe Ratio Rank: 33
RPG Sortino Ratio Rank: 32
RPG Omega Ratio Rank: 32
RPG Calmar Ratio Rank: 48
RPG Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XOEF vs. RPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ex S&P 100 ETF (XOEF) and Invesco S&P 500 Pure Growth ETF (RPG). 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.

	XOEF	RPG	Difference
Sharpe ratio: Return per unit of total volatility	1.48	0.91	+0.57
Sortino ratio: Return per unit of downside risk	2.15	1.35	+0.80
Omega ratio: Gain probability vs. loss probability	1.26	1.17	+0.08
Calmar ratio: Return relative to maximum drawdown	2.49	1.86	+0.63
Martin ratio: Return relative to average drawdown	9.52	6.27	+3.25

XOEF vs. RPG - Sharpe Ratio Comparison

The current XOEF Sharpe Ratio is 1.48, which is higher than the RPG Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of XOEF and RPG, 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

XOEF vs. RPG - Drawdown Comparison

The maximum XOEF drawdown since its inception was -7.66%, smaller than the maximum RPG drawdown of -53.27%. Use the drawdown chart below to compare losses from any high point for XOEF and RPG.

Drawdown Indicators

	XOEF	RPG	Difference
Max Drawdown Largest peak-to-trough decline	-7.66%	-53.27%	+45.61%
Max Drawdown (1Y) Largest decline over 1 year	-7.66%	-11.59%	+3.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.58%	—
Current Drawdown Current decline from peak	-2.87%	-11.29%	+8.42%
Average Drawdown Average peak-to-trough decline	-1.27%	-8.82%	+7.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	3.43%	-1.43%

Volatility

XOEF vs. RPG - Volatility Comparison

The current volatility for iShares S&P 500 ex S&P 100 ETF (XOEF) is 3.32%, while Invesco S&P 500 Pure Growth ETF (RPG) has a volatility of 11.02%. This indicates that XOEF experiences smaller price fluctuations and is considered to be less risky than RPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XOEF	RPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	11.02%	-7.70%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	20.84%	-10.89%
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	23.74%	-10.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.76%	24.18%	-11.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.76%	23.05%	-10.29%

XOEF vs. RPG - Expense Ratio Comparison

XOEF has a 0.20% expense ratio, which is lower than RPG's 0.35% expense ratio.

Dividends

XOEF vs. RPG - Dividend Comparison

XOEF's dividend yield for the trailing twelve months is around 1.06%, more than RPG's 0.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RPG Invesco S&P 500 Pure Growth ETF	0.16%	0.24%	0.25%	1.44%	0.74%	0.00%	0.46%	0.83%	0.47%	0.56%	0.43%	0.73%
XOEF iShares S&P 500 ex S&P 100 ETF	1.06%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XOEF and RPG in my portfolio?

XOEF and RPG have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XOEF or RPG?

RPG has higher volatility (11.02%) compared to XOEF (3.32%). In terms of maximum drawdown, XOEF dropped -7.66% vs RPG's -53.27%.

Which ETF is better, XOEF or RPG?

On 1-year performance, RPG leads with 21.45% vs 18.97% for XOEF. On fees, XOEF is cheaper at 0.20% per year. On volatility, XOEF has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XOEF or RPG?

Over the 1-year period, RPG has performed better with a 21.45% return vs 18.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XOEF or RPG?

XOEF is cheaper with a 0.20% expense ratio, compared with 0.35% for RPG.

Which ETF pays a higher dividend yield, XOEF or RPG?

XOEF has the higher dividend yield at 1.06%, compared with 0.16% for RPG.

What is the main difference between XOEF and RPG?

XOEF is categorized as S&P 500, while RPG is Large Cap Growth Equities. XOEF tracks S&P 500 Ex-S&P 100 Select Index, while RPG tracks S&P 500/Citigroup Pure Growth Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for XOEF and 0.35% for RPG.

Which has better risk-adjusted returns?

XOEF currently has the higher Sharpe Ratio (1.48 vs 0.91), 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.