ETF Versus

RPV vs SPYV

Invesco S&P 500 Pure Value ETF vs State Street SPDR Portfolio S&P 500 Value ETF

Last updated: 2026-04-02

RPV

Invesco S&P 500 Pure Value ETF (RPV) is an exchange-traded fund that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges an above-average expense ratio of 0.35%. The fund offers a moderate dividend yield of 2.42%. Launched in 2006, the fund has a 20-year track record.

AUM: $1.7B ER: 0.35% Yield: 2.42% Since: Mar 1, 2006

State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is an exchange-traded fund that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.82%. Launched in 2000, the fund has a 26-year track record.

AUM: $31.2B ER: 0.04% Yield: 1.82% Since: Sep 25, 2000

Quick Verdict

SPYV is significantly cheaper at 0.04% vs 0.35% expense ratio, saving you approximately $610 per $10,000 invested over 10 years. Over the past year, RPV has significantly outperformed with a 16.2% return vs 11.0%. Income investors may prefer RPV for its higher yield (2.4% vs 1.8%).

Key Metrics

Metric RPV SPYV
Expense Ratio 0.35% 0.04%
Dividend Yield 2.4% 1.8%
Fund Family N/A N/A
Category US Large Cap Value US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

90 103 116 129 142 155 2021-04 2022-06 2023-09 2024-12 2026-04
RPV +42.8%
SPYV +47.1%

Performance Comparison

Period RPV SPYV Difference
1 Month -4.52% -4.68% +0.16%
3 Months +2.52% -0.54% +3.06%
6 Months +6.68% +1.71% +4.97%
YTD +2.52% -0.54% +3.06%
1 Year +16.21% +10.97% +5.24%
3 Years +41.05% +39.05% +2.00%
5 Years +42.82% +47.10% -4.28%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period RPV Fees SPYV Fees You Save
$10.000 10 years $690 $80 $610
$10.000 20 years $2.930 $344 $2.586
$10.000 30 years $9.337 $1.112 $8.225
$50.000 10 years $3.448 $399 $3.049
$50.000 30 years $46.685 $5.560 $41.125
$100.000 30 years $93.370 $11.121 $82.249

Risk Metrics

Based on 5 years of daily returns

Metric RPV SPYV
Annualized Volatility 18.1% 14.4%
Max Drawdown -24.1% -19.1%
Sharpe Ratio 0.24 0.30

Dividend Comparison

Metric RPV SPYV
Annual Dividend (per share) $2.59 $1.03
Dividend Yield 2.42% 1.82%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

RPV Top Holdings

NameWeight
Dow Inc.DOW2.88%
Bunge Global SABG2.74%
LyondellBasell Industries N.V.LYB2.30%
Archer-Daniels-Midland CompanyADM2.19%
The Mosaic CompanyMOS1.95%
Tyson Foods, Inc.TSN1.95%
Ford Motor CompanyF1.70%
General Motors CompanyGM1.70%
The Cigna GroupCI1.64%
Target CorporationTGT1.60%

SPYV Top Holdings

NameWeight
Apple Inc.AAPL6.90%
Amazon.com, Inc.AMZN3.54%
Exxon Mobil CorporationXOM2.63%
Walmart Inc.WMT2.02%
Costco Wholesale CorporationCOST1.64%
Tesla, Inc.TSLA1.47%
Chevron CorporationCVX1.44%
The Procter & Gamble CompanyPG1.24%
The Home Depot, Inc.HD1.21%
Bank of America CorporationBAC1.20%

Which One Should You Choose?

Choose SPYV if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose RPV if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose RPV if...

you prioritize dividend income and want higher regular distributions from your portfolio.

Either works if...

you just need broad us large cap value exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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