RPG vs SPYG
Invesco S&P 500 Pure Growth ETF vs State Street SPDR Portfolio S&P 500 Growth ETF
Which is better, RPG or SPYG?
Each has led over a different period.
SPYG has a lower expense ratio. RPG led over 1Y, SPYG over 3Y, 5Y and the full window. 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 | RPG | SPYG |
|---|---|---|
| Expense Ratio | 0.35% | 0.04%Best |
| AUM | $1.9B | $56.6B |
| Dividend Yield | 0.16% | 0.48% |
| Holdings | 140 | 150 |
| YTD Return | +26.21%Best | +18.24% |
| 1Y Return | +24.21%Best | +19.62% |
| 3Y Return (annualized) | +25.55% | +28.27%Best |
| 5Y Return (annualized) | +9.91% | +15.14%Best |
| Volatility (annualized) | 18.6% | 16.4%Best |
| Max Drawdown | -53.7% | -51.9%Best |
| $10,000 over 5 years | $16,039 | $20,236Best |
| Top 10 Weight | 31.6%Best | 59.8% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 1, 2006 | Sep 25, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Mar 7, 2006 to Oct 9, 2026 (20.6 years).
RPG vs SPYG 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.
RPG vs SPYG Performance
Invesco S&P 500 Pure Growth ETF (RPG) is an ETF from Invesco (US) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is an ETF from State Street Investment Management. Over the past year RPG returned +24.21% while SPYG returned +19.62%. Year to date, RPG is up 26.21% versus a gain of 18.24% for SPYG.
Over three years, RPG compounded at +25.55% per year against +28.27% for SPYG; over five years the annualized figures are +9.91% and +15.14% respectively. Across the full 21-year window we track, SPYG has the edge at +12.09% annualized vs +11.29%.
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 16.4% for SPYG. 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 -53.7% for RPG and -51.9% for SPYG. 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
RPG charges 0.35% per year while SPYG charges 0.04%. On a $10,000 position that is $35 vs $4 annually, a gap of $31 per year that compounds over a long holding period. On income, RPG currently yields 0.16% against 0.48% for SPYG.
Holdings Overlap
99.1% of RPG's money is in holdings SPYG also owns. 70.8% of SPYG's money is in holdings RPG also owns.
Most of RPG is already inside SPYG. Owning both mostly buys the same companies twice.
65 positions in common, counted across the 67 positions we hold weights for in RPG and 149 in SPYG, against full books of 140 and 150.
What only one of them owns
Our book lists 83 positions for SPYG that do not appear in our book for RPG (29.2% of the fund), and 1 for RPG that do not appear in SPYG (0.1%).
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 RPG | Weight in SPYG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.71% | 14.72% | 13.01% |
| MSFTMicrosoft Corp | 0.75% | 10.25% | 9.50% |
| SNDKSandisk Corp/De | 8.38% | 0.67% | 7.71% |
| MUMicron Technology, Inc. | 3.98% | 3.06% | 0.92% |
| GOOGLAlphabet Inc,class A | 0.89% | 5.52% | 4.63% |
| AVGOBroadcom Inc | 1.44% | 4.77% | 3.33% |
| GOOGAlphabet Inc. C | 0.70% | 4.41% | 3.71% |
| METAMeta Platforms Inc | 1.12% | 3.96% | 2.84% |
| AMDAdvanced Micro Devices Inc | 2.64% | 2.34% | 0.30% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.20% | 2.60% | 0.40% |
99.1% of RPG is already inside SPYG.
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, RPG or SPYG?
RPG has an expense ratio of 0.35% while SPYG charges 0.04%. SPYG is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, RPG or SPYG?
Over the past year RPG returned +24.21% vs +19.62% for SPYG, so RPG leads on 1-year performance. Over the longest common window we track (21 years), RPG annualized +11.29% vs +12.09% for SPYG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RPG or SPYG?
RPG has been the more volatile fund at 18.6% annualized versus 16.4% for SPYG. Worst drawdown: RPG -53.7% vs SPYG -51.9%.
Should I hold both RPG and SPYG?
RPG and SPYG 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 RPG and SPYG?
99.1% of RPG's money is in holdings SPYG also owns. 70.8% of SPYG's is in holdings RPG also owns. They hold 65 positions in common, counted across the 67 positions we hold weights for in RPG and 149 in SPYG.
Which pays a higher dividend, RPG or SPYG?
RPG yields 0.16% while SPYG yields 0.48%, so SPYG currently pays the higher dividend yield.
Is SPYG better than RPG?
SPYG has a lower expense ratio. RPG led over 1Y, SPYG over 3Y, 5Y and the full window. 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.