IVW vs RPG
iShares S&P 500 Growth ETF vs Invesco S&P 500 Pure Growth ETF
Which is better, IVW or RPG?
Each has led over a different period.
IVW has a lower expense ratio. IVW led over 3Y, 5Y and the full window, RPG over 1Y. The two have moved almost in lockstep, correlation 0.93. RPG is less concentrated, with 31.6% of the fund in its ten largest positions against 59.8%.
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 | IVW | RPG |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.35% |
| AUM | $78.2B | $1.9B |
| Dividend Yield | 0.36% | 0.16% |
| Holdings | 152 | 140 |
| YTD Return | +17.57% | +23.59%Best |
| 1Y Return | +20.24% | +23.29%Best |
| 3Y Return (annualized) | +28.14%Best | +24.42% |
| 5Y Return (annualized) | +14.97%Best | +9.39% |
| Volatility (annualized) | 16.0%Best | 18.6% |
| Max Drawdown | -50.0%Best | -53.7% |
| $10,000 over 5 years | $20,087Best | $15,663 |
| Top 10 Weight | 59.8% | 31.6%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | May 22, 2000 | Mar 1, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Mar 7, 2006 to Oct 12, 2026 (20.6 years).
IVW 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 20.6 years both funds cover.
IVW vs RPG Performance
iShares S&P 500 Growth ETF (IVW) 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 IVW returned +20.24% while RPG returned +23.29%. Year to date, IVW is up 17.57% versus a gain of 23.59% for RPG.
Over three years, IVW compounded at +28.14% per year against +24.42% for RPG; over five years the annualized figures are +14.97% and +9.39% respectively. Across the full 21-year window we track, IVW has the edge at +11.81% annualized vs +11.17%.
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 16.0% for IVW. 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 -50.0% for IVW 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVW charges 0.18% per year while RPG charges 0.35%. On a $10,000 position that is $18 vs $35 annually, a gap of $17 per year that compounds over a long holding period. On income, IVW currently yields 0.36% against 0.16% for RPG.
Holdings Overlap
70.8% of IVW's money is in holdings RPG also owns. 99.1% of RPG's money is in holdings IVW also owns.
Most of RPG is already inside IVW. Owning both mostly buys the same companies twice.
65 positions in common, counted across the 149 positions we hold weights for in IVW and 67 in RPG, against full books of 152 and 140.
What only one of them owns
Our book lists 1 positions for RPG that do not appear in our book for IVW (0.1% of the fund), and 82 for IVW that do not appear in RPG (29.1%).
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 IVW | Weight in RPG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 14.71% | 1.71% | 13.00% |
| MSFTMicrosoft Corp | 10.24% | 0.75% | 9.49% |
| SNDKSandisk Corp/De | 0.67% | 8.38% | 7.71% |
| MUMicron Technology, Inc. | 3.06% | 3.98% | 0.92% |
| GOOGLAlphabet Inc,class A | 5.52% | 0.89% | 4.63% |
| AVGOBroadcom Inc | 4.77% | 1.44% | 3.33% |
| GOOGAlphabet Inc. C | 4.41% | 0.70% | 3.71% |
| METAMeta Platforms Inc | 3.96% | 1.12% | 2.84% |
| AMDAdvanced Micro Devices Inc | 2.34% | 2.64% | 0.30% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.60% | 2.20% | 0.40% |
99.1% of RPG is already inside IVW.
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, IVW or RPG?
IVW has an expense ratio of 0.18% while RPG charges 0.35%. IVW is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IVW or RPG?
Over the past year IVW returned +20.24% vs +23.29% for RPG, so RPG leads on 1-year performance. Over the longest common window we track (21 years), IVW annualized +11.81% vs +11.17% for RPG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVW or RPG?
RPG has been the more volatile fund at 18.6% annualized versus 16.0% for IVW. Worst drawdown: IVW -50.0% vs RPG -53.7%.
Should I hold both IVW and RPG?
IVW and RPG have a monthly-return correlation of 0.93, 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 IVW and RPG?
99.1% of RPG's money is in holdings IVW also owns. 99.1% of RPG's is in holdings IVW also owns. They hold 65 positions in common, counted across the 149 positions we hold weights for in IVW and 67 in RPG.
Which pays a higher dividend, IVW or RPG?
IVW yields 0.36% while RPG yields 0.16%, so IVW currently pays the higher dividend yield.
Is RPG better than IVW?
IVW has a lower expense ratio. IVW led over 3Y, 5Y and the full window, RPG over 1Y. The two have moved almost in lockstep, correlation 0.93. RPG is less concentrated, with 31.6% of the fund in its ten largest positions against 59.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.