RFV vs VOO
Invesco S&P Midcap 400 Pure Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. RFV delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | RFV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $334M | $979.0B | |
| Dividend Yield | 1.69% | 1.09% | |
| Holdings | 101 | 509 | |
| YTD Return | +17.91% | +13.44% | |
| 1Y Return | +28.99% | +22.62% | |
| 3Y Return (annualized) | +14.33% | +21.47% | |
| 5Y Return (annualized) | +11.61% | +13.27% | |
| Volatility (annualized) | 24.2% | 14.1% | |
| Max Drawdown | -73.1% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 1, 2006 | Sep 7, 2010 |
RFV vs VOO Performance
Invesco S&P Midcap 400 Pure Value ETF (RFV) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year RFV returned +28.99% while VOO returned +22.62%. Year to date, RFV is up 17.91% versus a gain of 13.44% for VOO.
Over three years, RFV compounded at +14.33% per year against +21.47% for VOO; over five years the annualized figures are +11.61% and +13.27% respectively. Across the full 16-year window we track, VOO has the edge at +13.55% annualized vs +8.64%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RFV has been the more volatile fund, with annualized monthly volatility of 24.2% compared with 14.1% for VOO. 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 -73.1% for RFV and -34.3% for VOO. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RFV charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, RFV currently yields 1.69% against 1.09% for VOO.
Holdings Overlap
RFV and VOO share 0 holdings out of 603 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RFV or VOO?
RFV has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, RFV or VOO?
Over the past year RFV returned +28.99% vs +22.62% for VOO, so RFV leads on 1-year performance. Over the longest common window we track (16 years), RFV annualized +8.64% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, RFV or VOO?
RFV has been the more volatile fund at 24.2% annualized versus 14.1% for VOO. Worst drawdown: RFV -73.1% vs VOO -34.3%.
Should I hold both RFV and VOO?
RFV and VOO have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RFV and VOO?
RFV and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 603 unique securities.
Which pays a higher dividend, RFV or VOO?
RFV yields 1.69% while VOO yields 1.09%, so RFV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.