IVV vs RPV
iShares Core S&P 500 ETF vs Invesco S&P 500 Pure Value ETF
Quick Verdict
IVV has a lower expense ratio. RPV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | RPV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $1.8B | |
| Dividend Yield | 1.10% | 2.27% | |
| Holdings | 508 | 126 | |
| YTD Return | +12.28% | +18.01% | |
| 1Y Return | +20.94% | +30.25% | |
| 3Y Return (annualized) | +21.81% | +19.75% | |
| 5Y Return (annualized) | +13.05% | +12.52% | |
| Volatility (annualized) | 15.1% | 22.1% | |
| Max Drawdown | -56.5% | -76.8% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 1, 2006 |
IVV vs RPV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 Pure Value ETF (RPV) is a ETF from Invesco (US). Over the past year IVV returned +20.94% while RPV returned +30.25%. Year to date, IVV is up 12.28% versus a gain of 18.01% for RPV.
Over three years, IVV compounded at +21.81% per year against +19.75% for RPV; over five years the annualized figures are +13.05% and +12.52% respectively. Across the full 21-year window we track, RPV has the edge at +7.85% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RPV has been the more volatile fund, with annualized monthly volatility of 22.1% 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 -76.8% for RPV. 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RPV 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 2.27% for RPV.
Holdings Overlap
IVV and RPV share 118 holdings out of 508 unique holdings combined, representing a 9.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or RPV?
IVV has an expense ratio of 0.03% while RPV 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 RPV?
Over the past year IVV returned +20.94% vs +30.25% for RPV, so RPV leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +6.98% vs +7.85% for RPV. Past performance does not guarantee future results.
Which is riskier, IVV or RPV?
RPV has been the more volatile fund at 22.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RPV -76.8%.
Should I hold both IVV and RPV?
IVV and RPV have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RPV?
IVV and RPV share 118 common holdings with a 9.5% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IVV or RPV?
IVV yields 1.10% while RPV yields 2.27%, so RPV currently pays the higher dividend yield.
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