RPV vs VYM
Invesco S&P 500 Pure Value ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. RPV delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | RPV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.04% | |
| AUM | $1.7B | $79.0B | |
| Dividend Yield | 2.38% | 2.86% | |
| Holdings | 126 | 568 | |
| YTD Return | +17.60% | +16.53% | |
| 1Y Return | +33.56% | +25.03% | |
| 3Y Return (annualized) | +18.14% | +18.54% | |
| 5Y Return (annualized) | +11.66% | +12.25% | |
| Volatility (annualized) | 22.1% | 14.6% | |
| Max Drawdown | -76.8% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 1, 2006 | Nov 10, 2006 |
RPV vs VYM Performance
Invesco S&P 500 Pure Value ETF (RPV) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year RPV returned +33.56% while VYM returned +25.03%. Year to date, RPV is up 17.60% versus a gain of 16.53% for VYM.
Over three years, RPV compounded at +18.14% per year against +18.54% for VYM; over five years the annualized figures are +11.66% and +12.25% respectively. Across the full 20-year window we track, RPV has the edge at +7.84% annualized vs +7.10%. 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
RPV charges 0.35% per year while VYM 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, RPV currently yields 2.38% against 2.86% for VYM.
Holdings Overlap
RPV and VYM share 84 holdings out of 595 unique holdings combined, representing a 16.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RPV or VYM?
RPV has an expense ratio of 0.35% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, RPV or VYM?
Over the past year RPV returned +33.56% vs +25.03% for VYM, so RPV leads on 1-year performance. Over the longest common window we track (20 years), RPV annualized +7.84% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, RPV or VYM?
RPV has been the more volatile fund at 22.1% annualized versus 14.6% for VYM. Worst drawdown: RPV -76.8% vs VYM -58.8%.
Should I hold both RPV and VYM?
RPV and VYM have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between RPV and VYM?
RPV and VYM share 84 common holdings with a 16.5% weight overlap. Combined, they hold 595 unique securities.
Which pays a higher dividend, RPV or VYM?
RPV yields 2.38% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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