RPV vs VTV: Grades, Fees and Holdings Compared

Invesco S&P 500 Pure Value ETF

RPVBNYSE Arca

Vanguard Morningstar Value ETF

VTVANYSE Arca

Overlap

17.4%by weight

Expense ratio

VTV −0.32pt a year

RPV0.35%VTV0.03%

Avg volume · 30D

VTV 15.8×the volume

RPV181KVTV2.85M

10Y return · a year

VTV +1.6pt

RPV+11.1%VTV+12.7%

RPV vs VTV Performance

Nov 9, 2021 – Nov 9, 2026

+69.6%RPV+76.4%VTV

Expense ratio: RPV 0.35%; VTV 0.03%, better
Fund size: RPV $1.81B; VTV $184B
1Y total return: RPV +25.5%, better; VTV +24.6%
Yield (12M): RPV 2.07%, better; VTV 1.83%
Holdings: RPV 121; VTV 311
Avg volume (30D): RPV 181K sh; VTV 2.85M sh, better
NAV per share: RPV $120.24; VTV $223.03
52W range

ETF.net Grade

Pillar letters and Scores for RPV, VTV, with each pillar’s weight
Pillar	RPV	VTV
Cost30% weight	D28	A96Higher
Mission25% weight	A79	A89Higher
Risk15% weight	B65	A83Higher
Tradability15% weight	A78Higher	B66
Holdings10% weight	C50	C50
Durability5% weight	A70	A86Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. RPV and VTV are both graded against the same 40 US Value Index funds, so their Grades compare head to head.

US Value Index⁠

Category · 40 funds

See all 40 ›

VTV ranks 2nd and RPV 21st of 40 funds in the US Value Index Category.

Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 85
Rank 2AVTVVanguard Morningstar Value ETFScore 82
Rank 3AIUSViShares Core S&P U.S. Value ETFScore 81
Rank 18BSTXVStrive 1000 Value ETFScore 59
Rank 21BRPVInvesco S&P 500 Pure Value ETFScore 58
Rank 22BRAUSRACWI US ETFScore 57

Our read on each fund

ETF.net Research

RPVBInvesco S&P 500 Pure Value ETF

VTVAVanguard Morningstar Value ETF

In short

RPV Most value funds hold anything that isn't growth. RPV takes only the deepest-value slice of the S&P 500, about 120 names, weighted by how cheap they screen rather than how big they are.

VTV Value investing for three cents on every hundred dollars a year. Since 2004, VTV has run a passive, fully invested portfolio of roughly 300 large US companies that screen cheap, at a fee near the industry floor.

Stated mandate

RPV The fund is based on the S&P 500 Pure Value Index and invests at least 90% of total assets in securities comprising that index.

VTV The fund seeks to track a large-capitalization U.S. value-stock benchmark through passive indexing and substantial replication of that index.

Why people hold it

RPV Stocks are sorted on value and growth metrics both, so blend names wash out and only the strongest value scores reach the index.spglobal.com
Weights follow style attractiveness, not market cap, so the biggest company in the basket isn't automatically the biggest position.spglobal.com
Running since 2006, with at least 90% of assets held in its index securities. What's on the tin is what sits in the portfolio.

VTV 0.03% a year, about a sixth of the 0.18% median for US value funds. Cost is the part of the outcome the fund actually controls.
Same recipe, very different sticker: PRXV tracks the same declared value index and charges 0.36%, twelve times VTV's fee.
Passively managed, full replication, fully invested. No manager hunches, no cash sitting idle, and the fund has tracked its benchmark closely.vanguard.com
One of the largest and most actively traded funds in the US value aisle, the kind of scale that keeps bid-ask spreads thin for ordinary orders.

Worth knowing

RPV At 0.35% it runs well above the category median of 0.18%, and broad value peers like VTV (0.03%) and IUSV (0.04%) charge a sliver of that.
About 120 names, with sector weights falling out of the screen rather than being targeted. The fund can lean hard on whatever corner of the market screens cheapest.spglobal.com
Deep value means owning the companies the market has marked down, so the ride can look nothing like a cap-weighted value fund's.spglobal.com

VTV Large caps only, about 300 of them. Cheap mid- and small-cap stocks live in separate funds (VOE, VTWV), so this is one slice of value, not the whole market.
It is a value screen by design, so the priciest fast growers are largely filtered out. In growth-led stretches it can move very differently from a total-market fund.
Income arrives quarterly, in four instalments rather than a monthly drip.

Full RPV profile⁠

Full VTV profile⁠

RPV vs VTV Holdings

How RPV and VTV differ

Overlap by weight

17.4%

Shared holdings make up 70.8% of RPV and 22.9% of VTV.

Level by level

Holdings81 in both17.4%
Sector11 Sectors77.2%
Countryby domicile97.3%
Asset classStocks100%

Sector

Sector weights in RPV and VTV, widest gap first
Sector	Gap	RPV	VTV
Technology	VTV +10.7 points	3.6%	14.3%
Consumer Discretionary	RPV +7.0 points	10.7%	3.7%
Industrials	VTV +6.4 points	6.8%	13.2%
Materials	RPV +4.8 points	7.9%	3.1%
Financials	VTV +4.0 points	18.4%	22.4%
Consumer Staples	RPV +3.5 points	12.2%	8.7%
Energy	RPV +3.4 points	11.6%	8.2%
Health Care	RPV +2.6 points	19.4%	16.8%
Communication	RPV +1.6 points	4.6%	3.0%
Real Estate	VTV +1.1 points	1.4%	2.5%
Utilities	VTV +0.6 points	3.6%	4.2%

Country, concentration and asset class

Country by domicile

Country weights in RPV and VTV, widest gap first
Country	Gap	RPV	VTV
United States	VTV +2.7 points	97.3%	100.0%
Ireland	RPV +1.5 points	1.5%	0.0%
United Kingdom	RPV +0.7 points	0.7%	0.0%
Switzerland	RPV +0.5 points	0.5%	0.0%

Concentration

Weight in the 10 largest Holdings

RPV20.5%
VTV23.6%

Securities held

RPV117
VTV309

Asset class

RPV: Stocks
VTV: Stocks

Holdings

Only in RPV36
In both81
Only in VTV228

Only in RPV

36 securities, 29.1% of RPV by weight

Bunge Global SA1.96%
Everest Group Ltd1.68%
Elevance Health Inc1.67%
Mosaic Co/The1.59%
Smurfit Westrock PLC1.52%
Stanley Black & Decker Inc1.47%
DuPont de Nemours Inc1.46%
Viatris Inc1.40%
Franklin Templeton Inc1.25%
APA Corp1.22%
Best Buy Co Inc1.14%
Baxter International Inc0.97%
Alexandria Real Estate Equities Inc0.91%
Invesco Ltd0.79%
Assurant Inc0.76%
Skydance Corp0.68%
Amcor PLC0.68%
Henry Schein Inc0.63%
Fiserv Inc0.57%
AES Corp/The0.56%
Hormel Foods Corp0.55%
Block Inc0.50%
Omnicom Group Inc0.49%
MGM Resorts International0.49%
Ball Corp0.49%
Pinnacle West Capital Corp0.48%
Universal Health Services Inc0.48%
Textron Inc0.47%
Zimmer Biomet Holdings Inc0.40%
Invesco Government & Agency Portfolio0.39%
Genuine Parts Co0.38%
Huntington Ingalls Industries Inc0.33%
Aptiv PLC0.28%
News Corp0.26%
Fedex Freight Holding Co Inc0.13%
News Corp0.10%

Only in VTV

228 securities, 77.2% of VTV by weight

Micron Technology Inc4.56%
JPMorgan Chase & Co3.33%
Berkshire Hathaway Inc2.92%
Johnson & Johnson2.42%
AbbVie Inc1.75%
Walmart Inc1.72%
Cisco Systems Inc1.45%
Caterpillar Inc1.41%
Merck & Co Inc1.36%
Procter & Gamble Co/The1.28%
Coca-Cola Co/The1.26%
Philip Morris International Inc1.13%
Home Depot Inc/The1.08%
RTX Corp0.95%
Thermo Fisher Scientific Inc0.95%
Goldman Sachs Group Inc/The0.93%
Wells Fargo & Co0.92%
Amgen Inc0.86%
Morgan Stanley0.84%
Linde PLC0.83%
International Business Machines Corp0.79%
QUALCOMM Inc0.73%
Analog Devices Inc0.73%
Gilead Sciences Inc0.70%
Salesforce Inc0.68%
PepsiCo Inc0.66%
Deere & Co0.65%
Abbott Laboratories0.65%
Eaton Corp PLC0.63%
General Electric Co0.61%
Union Pacific Corp0.61%
Charles Schwab Corp/The0.61%
American Express Co0.58%
NextEra Energy Inc0.57%
Blackrock Inc0.56%
Berkshire Hathaway Inc0.55%
Danaher Corp0.53%
Uber Technologies Inc0.50%
Texas Instruments Inc0.48%
Bristol-Myers Squibb Co0.48%
Prologis Inc0.47%
Newmont Corp0.46%
Progressive Corp/The0.46%
Parker-Hannifin Corp0.46%
Lockheed Martin Corp0.45%
S&P Global Inc0.43%
Altria Group Inc0.43%
Accenture PLC0.43%
Medtronic PLC0.42%
Lowe's Cos Inc0.39%

Weight gaps

All 81 Holdings in both funds, largest gap first.

Holding weights in RPV and VTV, widest gap first
Holding	Gap	RPV	VTV
Centene CorpCNC	RPV +2.79 points	2.85%	0.06%
Humana IncHUM	RPV +2.42 points	2.59%	0.17%
ExxonMobil Holdings CorpXOM	VTV +2.06 points	0.50%	2.56%
Dow IncDOW	RPV +1.93 points	1.97%	0.04%
Archer-Daniels-Midland CoADM	RPV +1.81 points	1.95%	0.14%
Target CorpTGT	RPV +1.67 points	1.94%	0.27%
Tyson Foods IncTSN	RPV +1.63 points	1.66%	0.03%
General Motors CoGM	RPV +1.58 points	1.84%	0.26%
Ford Motor CoF	RPV +1.54 points	1.72%	0.18%
LyondellBasell Industries NVLYB	RPV +1.52 points	1.55%	0.03%
Phillips 66PSX	RPV +1.48 points	1.87%	0.39%
Cigna Group/TheCI	RPV +1.43 points	1.70%	0.27%
Valero Energy CorpVLO	RPV +1.41 points	1.83%	0.42%
Marathon Petroleum CorpMPC	RPV +1.27 points	1.69%	0.42%
Hewlett Packard Enterprise CoHPE	RPV +1.26 points	1.56%	0.30%
CVS Health CorpCVS	RPV +1.25 points	1.67%	0.42%
Global Payments IncGPN	RPV +1.20 points	1.28%	0.08%
Kroger Co/TheKR	RPV +1.16 points	1.27%	0.11%
Cardinal Health IncCAH	RPV +1.05 points	1.25%	0.20%
Bank of America CorpBAC	VTV +1.05 points	0.32%	1.37%
Prudential Financial IncPRU	RPV +0.98 points	1.13%	0.15%
Kraft Heinz Co/TheKHC	RPV +0.95 points	1.02%	0.07%
McKesson CorpMCK	RPV +0.82 points	1.20%	0.38%
Chevron CorpCVX	VTV +0.81 points	0.64%	1.45%
MetLife IncMET	RPV +0.75 points	0.94%	0.19%
United Airlines Holdings IncUAL	RPV +0.73 points	0.87%	0.14%
International Paper CoIP	RPV +0.74 points	0.77%	0.03%
Delta Air Lines IncDAL	RPV +0.73 points	0.92%	0.19%
Comcast CorpCMCSA	RPV +0.71 points	1.00%	0.29%
Loews CorpL	RPV +0.71 points	0.77%	0.06%
HP IncHPQ	RPV +0.70 points	0.81%	0.11%
Cencora IncCOR	RPV +0.69 points	0.90%	0.21%
Citizens Financial Group IncCFG	RPV +0.64 points	0.74%	0.10%
American International Group IncAIG	RPV +0.62 points	0.77%	0.15%
Dollar General CorpDG	RPV +0.61 points	0.71%	0.10%
UnitedHealth Group IncUNH	VTV +0.61 points	0.64%	1.25%
Southwest Airlines CoLUV	RPV +0.60 points	0.64%	0.04%
Principal Financial Group IncPFG	RPV +0.60 points	0.69%	0.09%
International Flavors & Fragrances IncIFF	RPV +0.59 points	0.63%	0.04%
Charter Communications IncCHTR	RPV +0.59 points	0.61%	0.02%
Edison InternationalEIX	RPV +0.56 points	0.64%	0.08%
Allstate Corp/TheALL	RPV +0.53 points	0.74%	0.21%
Sysco CorpSYY	RPV +0.52 points	0.66%	0.14%
PG&E CorpPCG	RPV +0.52 points	0.62%	0.10%
Diamondback Energy IncFANG	RPV +0.52 points	0.67%	0.15%
Nucor CorpNUE	RPV +0.51 points	0.71%	0.20%
M&T Bank CorpMTB	RPV +0.50 points	0.62%	0.12%
Occidental Petroleum CorpOXY	RPV +0.48 points	0.64%	0.16%
Truist Financial CorpTFC	RPV +0.47 points	0.68%	0.21%
Arch Capital Group LtdACGL	RPV +0.46 points	0.57%	0.11%
Lennar CorpLEN	RPV +0.45 points	0.51%	0.06%
KeyCorpKEY	RPV +0.43 points	0.51%	0.08%
FedEx CorpFDX	RPV +0.41 points	0.64%	0.23%
Regions Financial CorpRF	RPV +0.41 points	0.49%	0.09%
Devon Energy CorpDVN	RPV +0.41 points	0.60%	0.19%
State Street CorpSTT	RPV +0.40 points	0.57%	0.17%
Halliburton CoHAL	RPV +0.40 points	0.49%	0.09%
Biogen IncBIIB	RPV +0.40 points	0.53%	0.13%
VICI Properties IncVICI	RPV +0.35 points	0.45%	0.10%
Consolidated Edison IncED	RPV +0.36 points	0.50%	0.14%
Huntington Bancshares Inc/OHHBAN	RPV +0.34 points	0.46%	0.12%
PulteGroup IncPHM	RPV +0.34 points	0.42%	0.08%
Eversource EnergyES	RPV +0.32 points	0.41%	0.09%
Walt Disney Co/TheDIS	VTV +0.31 points	0.38%	0.69%
Keurig Dr Pepper IncKDP	RPV +0.30 points	0.45%	0.15%
Travelers Cos Inc/TheTRV	RPV +0.27 points	0.55%	0.28%
Hartford Insurance Group Inc/TheHIG	RPV +0.25 points	0.38%	0.13%
DR Horton IncDHI	RPV +0.25 points	0.38%	0.13%
AT&T IncT	VTV +0.21 points	0.42%	0.63%
Exelon CorpEXC	RPV +0.21 points	0.37%	0.16%
ONEOK IncOKE	RPV +0.21 points	0.41%	0.20%
Fifth Third BancorpFITB	RPV +0.21 points	0.38%	0.17%
Pfizer IncPFE	VTV +0.21 points	0.41%	0.62%
US BancorpUSB	RPV +0.16 points	0.50%	0.34%
SLB LtdSLB	RPV +0.15 points	0.42%	0.27%
Capital One Financial CorpCOF	VTV +0.15 points	0.30%	0.45%
Verizon Communications IncVZ	VTV +0.10 points	0.62%	0.72%
PNC Financial Services Group Inc/ThePNC	RPV +0.08 points	0.42%	0.34%
Chubb LtdCB	RPV +0.06 points	0.49%	0.43%
Citigroup IncC	VTV +0.02 points	0.80%	0.82%
ConocoPhillipsCOP	VTV +0.01 points	0.56%	0.57%

All 118 RPV holdings⁠All 298 VTV 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.

RPV vs VTV Cost

Overpaying RPV vs VTV

$6,488

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

RPV 0.35%
$7,126
VTV 0.03%
$638

Amount$10,000

Years30 years

Cost over time

RPV 0.35%
VTV 0.03%
Overpaying

Year by year

Year	RPV	VTV	Overpaying
10	$634	$55	$579
20	$2,454	$216	$2,238
30	$7,126	$638	$6,488

Expense ratio

0.35%RPV
0.03%VTV, cheaper

VTV0.03%RPV0.35%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

VTV cheapest of 40 funds

RPV 28th cheapest of 40 funds

RPV vs VTV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): RPV 2.07%, better; VTV 1.83%
Payout (12M): RPV $2.53; VTV $4.16
Last payment: RPV $0.63; VTV $1.02
Ex-dividend: RPV Sep 21, 2026; VTV Sep 28, 2026
Paid on: RPV Sep 25, 2026; VTV Sep 30, 2026
Frequency: RPV Quarterly; VTV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

RPVQuarterly · 39 paymentsAll RPV payments⁠

VTVQuarterly · 39 paymentsAll VTV payments⁠

RPV vs VTV Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: RPV 13.9%VTV 11.3%, better
Return per unit of riskSharpe ratio, 3 years: RPV 1.28VTV 1.44, better
Worst fallMax drawdown, 5 years: RPV −22.6%VTV −17.0%, better
Market sensitivityBeta, 5 years: RPV 0.75VTV 0.75; Market = 1

RPV and VTV in the news

All news⁠

Best ETFs
Best large-cap value ETFs: Vanguard’s VTV at 0.03%, or VONV for the Russell 1000 Value
Updated Nov 3, 2026VTV
Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026VTV
Category Review
U.S. value funds beat the S&P 500 over the past year, but the funds did not move together
Updated Oct 21, 2026VTV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026VTV
Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026VTV
Behind the Index
Oil rose 4.5% and the 10-year yield stood at 5% as two U.S. stocks fell for every one that rose
Sep 15, 2026VTV

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