IVV vs RPG
iShares Core S&P 500 ETF vs Invesco S&P 500 Pure Growth ETF
Quick Verdict
IVV has a lower expense ratio. RPG delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | RPG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $886.7B | $1.9B | |
| Dividend Yield | 1.10% | 0.17% | |
| Holdings | 508 | 68 | |
| YTD Return | +13.25% | +20.67% | |
| 1Y Return | +19.95% | +20.48% | |
| 3Y Return (annualized) | +21.26% | +22.66% | |
| 5Y Return (annualized) | +12.82% | +7.52% | |
| Volatility (annualized) | 15.1% | 18.7% | |
| Max Drawdown | -56.5% | -53.7% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 1, 2006 |
IVV vs RPG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 Pure Growth ETF (RPG) is a ETF from Invesco (US). Over the past year IVV returned +19.95% while RPG returned +20.48%. Year to date, IVV is up 13.25% versus a gain of 20.67% for RPG.
Over three years, IVV compounded at +21.26% per year against +22.66% for RPG; over five years the annualized figures are +12.82% and +7.52% respectively. Across the full 21-year window we track, RPG has the edge at +11.11% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RPG has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -53.7% for RPG. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while RPG charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.17% for RPG.
Holdings Overlap
IVV and RPG share 64 holdings out of 508 unique holdings combined, representing a 21.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or RPG?
IVV has an expense ratio of 0.03% while RPG charges 0.35%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVV or RPG?
Over the past year IVV returned +19.95% vs +20.48% for RPG, so RPG leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.01% vs +11.11% for RPG. Past performance does not guarantee future results.
Which is riskier, IVV or RPG?
RPG has been the more volatile fund at 18.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RPG -53.7%.
Should I hold both IVV and RPG?
IVV and RPG have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and RPG?
IVV and RPG share 64 common holdings with a 21.5% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IVV or RPG?
IVV yields 1.10% while RPG yields 0.17%, so IVV currently pays the higher dividend yield.
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