RPV vs VOO
Invesco S&P 500 Pure Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. RPV delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | RPV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $1.7B | $979.0B | |
| Dividend Yield | 2.38% | 1.09% | |
| Holdings | 126 | 509 | |
| YTD Return | +18.48% | +14.48% | |
| 1Y Return | +31.53% | +22.02% | |
| 3Y Return (annualized) | +18.42% | +21.80% | |
| 5Y Return (annualized) | +11.94% | +13.36% | |
| Volatility (annualized) | 22.1% | 14.2% | |
| Max Drawdown | -76.8% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 1, 2006 | Sep 7, 2010 |
RPV vs VOO Performance
Invesco S&P 500 Pure Value ETF (RPV) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year RPV returned +31.53% while VOO returned +22.02%. Year to date, RPV is up 18.48% versus a gain of 14.48% for VOO.
Over three years, RPV compounded at +18.42% per year against +21.80% for VOO; over five years the annualized figures are +11.94% and +13.36% respectively. Across the full 16-year window we track, VOO has the edge at +13.61% annualized vs +7.88%. 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 14.2% 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 -76.8% for RPV 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
RPV 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, RPV currently yields 2.38% against 1.09% for VOO.
Holdings Overlap
RPV and VOO share 119 holdings out of 507 unique holdings combined, representing a 9.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RPV or VOO?
RPV 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, RPV or VOO?
Over the past year RPV returned +31.53% vs +22.02% for VOO, so RPV leads on 1-year performance. Over the longest common window we track (16 years), RPV annualized +7.88% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, RPV or VOO?
RPV has been the more volatile fund at 22.1% annualized versus 14.2% for VOO. Worst drawdown: RPV -76.8% vs VOO -34.3%.
Should I hold both RPV and VOO?
RPV 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 RPV and VOO?
RPV and VOO share 119 common holdings with a 9.1% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, RPV or VOO?
RPV yields 2.38% while VOO yields 1.09%, so RPV currently pays the higher dividend yield.
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