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RFG vs SPYV

Invesco S&P MidCap 400 Pure Growth ETF

RFGCNYSE Arca

State Street SPDR Portfolio S&P 500 Value ETF

SPYVANYSE Arca

Overlap

Expense ratio

SPYV −0.31pt a year

RFG0.35%SPYV0.04%

Avg volume · 30D

SPYV 267.6×the volume

RFG7.86KSPYV2.1M

10Y return · a year

SPYV +2.7pt

RFG+9.6%SPYV+12.3%

RFG vs SPYV Performance

Oct 29, 2021 – Oct 30, 2026

+21.7%RFG+74.1%SPYV

Oct 29, 2021 to Oct 30, 2026. RFG +21.7%. SPYV +74.1%. Use the arrow keys to read each point.−20%0%40%60%Oct 2021Apr 2024Oct 2026
Expense ratio
RFG 0.35%
SPYV 0.04%, better
Fund size
RFG $315M
SPYV $39.2B
1Y total return
RFG +10.2%
SPYV +16.6%, better
Yield (12M)
RFG 0.11%
SPYV 1.65%, better
Holdings
RFG 103
SPYV 437
Avg volume (30D)
RFG 7.86K sh
SPYV 2.1M sh, better
NAV per share
RFG $56.75
SPYV $64.64
52W range

ETF.net Grade

RFG: Cost 41, Risk 19, Mission 77, Tradability 55, Holdings 74, Durability 65. SPYV: Cost 98, Risk 82, Mission 86, Tradability 97, Holdings 71, Durability 86.
Pillar letters and Scores for RFG, SPYV, with each pillar’s weight
PillarRFGSPYV
Cost30% weightC41A98Higher
Mission25% weightA77A86Higher
Risk15% weightF19A82Higher
Tradability15% weightB55A97Higher
Holdings10% weightA74HigherA71
Durability5% weightB65A86Higher

Rank among Other Major Indexes funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. RFG and SPYV are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds
See all 42 ›

SPYV ranks 1st and RFG 21st of 42 funds in the Other Major Indexes Category.

  1. Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
  2. Rank 2ASCHKSchwab 1000 Index ETFScore 86
  3. Rank 20BSPUSSP Funds S&P 500 Sharia Industry Exclusions ETFScore 56
  4. Rank 21CRFGInvesco S&P MidCap 400 Pure Growth ETFScore 53
  5. Rank 22CBBEMJPMorgan BetaBuilders Emerging Markets Equity ETFScore 51

Our read on each fund

ETF.net Research

RFGCInvesco S&P MidCap 400 Pure Growth ETF

SPYVAState Street SPDR Portfolio S&P 500 Value ETF

In short

RFG Most mid-cap growth funds cast a wide net. RFG runs the pure version: about 100 names from the S&P MidCap 400 that screen strongest on growth, tracked as an index, for 0.35% a year.

SPYV The value side of the S&P 500, tracked since 2000 for four basis points. It does one thing: hold the index names that screen cheap, and charge close to nothing for the privilege.

Stated mandate

RFG The fund seeks to track the performance of the S&P MidCap 400 Pure Growth Index before fees and expenses and generally invests in the securities comprising that index.

SPYV The fund seeks to track, before fees and expenses, the total return of the S&P 500 Value Index.

Why people hold it

  • RFG Cheaper than the typical index wrapper in its peer group: 0.35% a year versus a 0.45% cohort median.
  • The mandate leaves no wiggle room: track the S&P MidCap 400 Pure Growth Index and hold the securities in it. Rules pick the portfolio, not a manager's mood.
  • Concentrated by design, roughly 100 stocks rather than the whole mid-cap 400, so the growth tilt actually shows up in the portfolio.
  • Trading since 2006, a long live record for a single-factor slice, and it lands in the upper half of its index-wrapper cohort.
  • SPYV 0.04% a year. VOOV tracks the identical S&P 500 Value Index and charges 0.07%, so this is the same exposure at a lower fee.
  • Trading since 2000 and now a multi-billion-dollar fund that changes hands actively, so the plumbing is well worn.
  • No stock picking, no factor secret sauce: it aims to match the S&P 500 Value Index before fees, and it is one of the cleaner implementations in its peer group.ssga.com

Worth knowing

  • RFG Thinly traded for an index fund, so spreads and order handling matter more here than with the cohort's giants.
  • It sits at the more volatile end of its peer group: a concentrated growth screen with no value names to steady it.
  • Distributions arrive quarterly, but income is a byproduct of a growth screen, not the objective.
  • SPYV This is one style slice, roughly 400 value-screened names, not the whole S&P 500. It will move differently from the full index.
  • Value goes through long stretches in and out of favor. The fund follows the index rules either way, with no manager stepping in.
  • Distributions land quarterly, not monthly.

Full RFG profile⁠

Full SPYV profile⁠

RFG vs SPYV Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

RFG vs SPYV Cost

Overpaying RFG vs SPYV

$6,277

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • RFG 0.35%

    $7,126

  • SPYV 0.04%

    $849

$10,000
30 years

Cost over time

  • RFG 0.35%
  • SPYV 0.04%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530RFG $7,126SPYV $849

Year by year

YearRFGSPYVOverpaying
10$634$73$561
20$2,454$288$2,166
30$7,126$849$6,277

Expense ratio

  • 0.35%RFG
  • 0.04%SPYV, cheaper
  • Middle half of Other Major Indexes funds
  • Median 0.29%

SPYV 2nd cheapest of 42 funds

RFG 24th cheapest of 42 funds

RFG vs SPYV Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
RFG 0.11%
SPYV 1.65%, better
Payout (12M)
RFG $0.06
SPYV $1.06
Last payment
RFG $0.02
SPYV $0.27
Ex-dividend
RFG Sep 21, 2026
SPYV Sep 21, 2026
Paid on
RFG Sep 25, 2026
SPYV Sep 23, 2026
Frequency
RFG Quarterly
SPYV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

RFGQuarterly · 36 paymentsAll RFG payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.08; Jun 16, 2017 $0.03; Sep 15, 2017 $0.04; Dec 15, 2017 $0.05; Mar 16, 2018 $0.03; Jun 15, 2018 $0.03; Sep 24, 2018 $0.11; Dec 24, 2018 $0.04; Mar 18, 2019 $0.06; Jun 24, 2019 $0.06; Sep 23, 2019 $0.06; Dec 23, 2019 $0.03; Mar 23, 2020 $0.05; Jun 22, 2020 $0.02; Sep 21, 2020 $0.02; Dec 21, 2020 $0.02; Dec 20, 2021 $0.02; Mar 21, 2022 $0.04; Jun 21, 2022 $0.07; Sep 19, 2022 $0.08; Dec 19, 2022 $0.09; Mar 20, 2023 $0.11; Jun 20, 2023 $0.09; Sep 18, 2023 $0.08; Dec 18, 2023 $0.12; Mar 18, 2024 $0.07; Jun 24, 2024 $0.05; Sep 23, 2024 $0.04; Dec 23, 2024 $0.03; Mar 24, 2025 $0.03; Jun 23, 2025 $0.12; Sep 22, 2025 $0.04; Dec 22, 2025 $0.03; Mar 23, 2026 $0.01; Jun 22, 2026 $0.0076; Sep 21, 2026 $0.02. Use the arrow keys to read each point.$0$0.252017202020232026YTD
SPYVQuarterly · 39 paymentsAll SPYV payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.15; Jun 16, 2017 $0.17; Sep 15, 2017 $0.18; Dec 15, 2017 $0.36; Mar 19, 2018 $0.17; Jun 18, 2018 $0.19; Sep 24, 2018 $0.22; Dec 24, 2018 $0.22; Mar 18, 2019 $0.18; Jun 24, 2019 $0.20; Sep 23, 2019 $0.19; Dec 23, 2019 $0.21; Mar 23, 2020 $0.22; Jun 22, 2020 $0.21; Sep 21, 2020 $0.19; Dec 21, 2020 $0.19; Mar 22, 2021 $0.24; Jun 21, 2021 $0.20; Sep 20, 2021 $0.18; Dec 20, 2021 $0.26; Mar 21, 2022 $0.18; Jun 21, 2022 $0.22; Sep 19, 2022 $0.22; Dec 19, 2022 $0.24; Mar 20, 2023 $0.18; Jun 20, 2023 $0.20; Sep 18, 2023 $0.20; Dec 18, 2023 $0.23; Mar 18, 2024 $0.26; Jun 24, 2024 $0.29; Sep 23, 2024 $0.28; Dec 23, 2024 $0.35; Mar 24, 2025 $0.18; Jun 23, 2025 $0.25; Sep 22, 2025 $0.26; Dec 22, 2025 $0.31; Mar 23, 2026 $0.21; Jun 22, 2026 $0.27; Sep 21, 2026 $0.27. Use the arrow keys to read each point.$0$0.252017202020232026YTD

RFG vs SPYV Risk

Fall from peak · 5 years

  • RFG
  • SPYV
Oct 29, 2021 to Oct 30, 2026. Worst fall: RFG −35.2% · Jun 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
RFG 18.4%SPYV 11.7%, better
Return per unit of riskSharpe ratio, 3 years
RFG 0.63SPYV 1.17, better
Worst fallMax drawdown, 5 years
RFG −35.2%SPYV −17.9%, better
Market sensitivityBeta, 5 years
RFG 1.14SPYV 0.83

RFG and SPYV in the news

All news⁠

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