IVV vs RPG
iShares Core S&P 500 ETF vs Invesco S&P 500 Pure Growth ETF
Which is better, IVV or RPG?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 5Y, RPG over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. RPG is less concentrated, with 30.9% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | RPG |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.35% |
| AUM | $876.4B | $1.9B |
| Dividend Yield | 1.06% | 0.16% |
| Holdings | 508 | 68 |
| YTD Return | +12.39% | +21.48%Best |
| 1Y Return | +16.61% | +20.09%Best |
| 3Y Return (annualized) | +21.38% | +23.57%Best |
| 5Y Return (annualized) | +13.51%Best | +8.38% |
| Volatility (annualized) | 15.2%Best | 18.6% |
| Max Drawdown | -56.5% | -53.7%Best |
| $10,000 over 5 years | $18,844Best | $14,954 |
| Top 10 Weight | 37.8% | 30.9%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Mar 1, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Mar 7, 2006 to Sep 18, 2026 (20.5 years).
IVV vs RPG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 20.5 years both funds cover.
IVV vs RPG Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco S&P 500 Pure Growth ETF (RPG) is an ETF from Invesco (US). Over the past year IVV returned +16.61% while RPG returned +20.09%. Year to date, IVV is up 12.39% versus a gain of 21.48% for RPG.
Over three years, IVV compounded at +21.38% per year against +23.57% for RPG; over five years the annualized figures are +13.51% and +8.38% respectively. Across the full 21-year window we track, RPG has the edge at +11.11% annualized vs +9.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RPG has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 15.2% 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 what each fund did in the worst stretch of the window measured above.
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 1.06% against 0.16% for RPG.
Holdings Overlap
38.3% of IVV's money is in holdings RPG also owns. 97.0% of RPG's money is in holdings IVV also owns.
Most of RPG is already inside IVV. Owning both mostly buys the same companies twice.
63 positions in common, counted across the 490 positions we hold weights for in IVV and 67 in RPG, against full books of 508 and 68.
What only one of them owns
Our book lists 3 positions for RPG that do not appear in our book for IVV (2.2% of the fund), and 419 for IVV that do not appear in RPG (60.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in RPG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 1.73% | 6.34% |
| SNDKSandisk Corp/De | 0.35% | 8.02% | 7.67% |
| MSFTMicrosoft Corp | 5.69% | 0.77% | 4.92% |
| MUMicron Technology, Inc. | 1.63% | 3.91% | 2.28% |
| AVGOBroadcom Inc | 2.65% | 1.47% | 1.18% |
| GOOGLAlphabet Inc,class A | 3.00% | 0.89% | 2.11% |
| AMDAdvanced Micro Devices Inc | 1.16% | 2.41% | 1.25% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.39% | 2.17% | 0.78% |
| CRWDCrowdstrike Holdings Inc | 0.35% | 2.97% | 2.62% |
| LLYEli Lilly & Co. | 1.38% | 1.77% | 0.39% |
97.0% of RPG is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $32 a year on a $10,000 investment.
Which performed better, IVV or RPG?
Over the past year IVV returned +16.61% vs +20.09% for RPG, so RPG leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +9.51% vs +11.11% for RPG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or RPG?
RPG has been the more volatile fund at 18.6% annualized versus 15.2% 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. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and RPG?
97.0% of RPG's money is in holdings IVV also owns. 97.0% of RPG's is in holdings IVV also owns. They hold 63 positions in common, counted across the 490 positions we hold weights for in IVV and 67 in RPG.
Which pays a higher dividend, IVV or RPG?
IVV yields 1.06% while RPG yields 0.16%, so IVV currently pays the higher dividend yield.
Is RPG better than IVV?
IVV has a lower expense ratio. IVV led over 5Y, RPG over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. RPG is less concentrated, with 30.9% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.