RFG vs VOOV

RFGCInvesco S&P MidCap 400 Pure Growth ETF

VOOVAVanguard 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.

VOOV Vanguard takes the S&P 500, sorts it by value traits, and hands you the cheap half: roughly 400 familiar large caps, one published index, seven basis points. A value tilt without leaving the blue-chip universe.

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.

VOOV The fund seeks to track the performance 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.

• VOOV Charges 0.07% a year against a 0.45% median for its index-tracker peer group. The value tilt arrives without the usual factor-fund markup.
• No manager discretion. It follows one published benchmark, the S&P 500 Value Index, holding roughly 400 large-cap names most investors already know.vanguard.com
• Running since 2010 and now a multi-billion-dollar fund, it sits among the strongest implementations in its peer group of plain index wrappers.

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.

• VOOV SPYV tracks the same S&P 500 Value Index for 0.04%. Same benchmark, thinner fee.
• You own one side of the index. When the growth half of the S&P 500 leads, this fund's path diverges from the headline benchmark.
• Volume is moderate rather than heavy, so spreads can run wider than the busiest large-cap ETFs. Cash comes back quarterly, not monthly.

Full RFG profile⁠

Full VOOV profile⁠