ETF Evaluator:
Invesco S&P 500® Pure Value ETF (RPV)
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(as of Jul 31)
Best Performing in Mid-Cap Value Over the Last Year
| 39.4% | ProShares Equities for Rising Rates ETF (EQRR) |
| 33.8% | Vanguard US Multifactor ETF (VFMF) |
| 33.5% | First Trust Dorsey Wright Momt & Val ETF (DVLU) |
| 32.9% | Thrivent Mid Cap Value ETF (TMVE) |
| 31.2% | VictoryShares Free Cash Flow ETF (VFLO) |
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ETF Details
Invesco S&P 500® Pure Value ETF Overview
Invesco S&P 500® Pure Value ETF (RPV) is a passively managed U.S. Equity Mid-Cap Value exchange-traded fund (ETF). Invesco launched the ETF in 2006.
The investment seeks to track the investment results (before fees and expenses) of the S&P 500® Pure Value Index (the "underlying index").
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of a subset of securities from the S&P 500® Index that exhibit strong value characteristics. The fund is non-diversified.
About Invesco S&P 500® Pure Value ETF (RPV)
There are 3 members of the management team with an average tenure of 7.43 years: Peter Hubbard (2018), Michael Jeanette (2018) and Pratik Doshi (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P Composite 1500 TR USD index with a weighting of 100% and S&P 500 Pure Value TR USD index with a weighting of 100%. Invesco S&P 500® Pure Value ETF has 123 securities in its portfolio. The top 10 holdings constitute 20.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco S&P 500® Pure Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Invesco S&P 500® Pure Value ETF has 2.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.9% There is 2.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco S&P 500® Pure Value ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $2 billion average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
RPV Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco S&P 500® Pure Value ETF expense ratio is below average compared to funds in the Mid-Cap Value category. Invesco S&P 500® Pure Value ETF has an expense ratio of 0.35%, which is 24% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco S&P 500® Pure Value ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 73% for the Mid-Cap Value category.
Recently, in the month of June 2026, Invesco S&P 500® Pure Value ETF returned 1.2%, which earned it a grade of D, as the Mid-Cap Value category had an average return of 1.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco S&P 500® Pure Value ETF has a trailing yield of 2.38%, which is above the 2.13% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco S&P 500® Pure Value ETF Grades
Year to date, the ETF has returned 11.6%, 0.1 percentage points better than the category, which translates into a grade of C. The fund has returned 24.7% over the past year (grade of B), 16.5% over the past three years (grade of B) and 10.8% per year over the past five years (grade of B) and 10.9% per year over the past 10 years (grade of C).
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RPV Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| RPV Return (NAV) | 1.2% | 6.7% | 24.7% | 16.5% | 10.8% | 10.9% |
| RPV Return (Price) | 1.1% | 6.6% | 24.6% | 16.5% | 10.7% | 10.9% |
| NAV +/- Price Return | 0.098% | 0.086% | 0.066% | 0.021% | 0.015% | 0.006% |
| Mid-Cap Value Avg | 1.7% | 8.1% | 20.4% | 14.5% | 9.5% | 10.8% |
| RPV Grade (NAV) | D | C | B | B | B | C |
| +/- Category (NAV) | -0.5% | -1.4% | 4.3% | 2.0% | 1.2% | 0.1% |
| RPV Tax-Cost Ratio | na | na | 1.1% | 0.9% | 0.8% | 0.8% |
RPV Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RPV Return (NAV) | 11.6% | 17.6% | 12.5% | 7.9% | -1.1% | 34.1% | -8.7% | 25.0% | -12.3% | 17.3% | 19.1% |
| RPV Return (Price) | 11.5% | 17.7% | 12.4% | 8.0% | -1.3% | 34.2% | -8.6% | 24.8% | -12.3% | 17.3% | 19.3% |
| NAV +/- Price Ret | -0.009% | 0.003% | -0.005% | 0.010% | 0.118% | 0.004% | -0.012% | -0.9% | 0.3% | 0.3% | 0.9% |
| Mid-Cap Value Avg | 11.5% | 10.3% | 12.2% | 12.6% | -5.6% | 31.5% | 0.5% | 25.6% | -10.0% | 15.5% | 20.3% |
| RPV Grade (NAV) | C | A | C | D | B | B | F | C | D | B | D |
| +/- Category | 0.1% | 7.3% | 0.2% | -4.7% | 4.5% | 2.6% | -9.2% | -0.6% | -2.3% | 1.7% | -1.2% |
| Risk Measures | |
| Beta: | 0.75 |
| R-Squared: | 45% |
| Standard Deviation: | 14.7% |
| Category Risk Index: | 1.02 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.21 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 2.4% |
| Total Assets: | $ 1,666 Mil |
| Share Class Assets: | $ 1,666 Mil |
| Turnover: | na |
| Expense Ratio: | 0.35% |
| Index Fund: | Yes |
| Index Tracked: | S&P Composite 1500 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 8.2 years | |||
| Average Tenure: 7.4 years | |||
| Managers (Year): Hubbard Peter (2018), Jeanette Michael (2018), Doshi Pratik (2020) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 123 |
| % in Top 10 Holdings: | 20.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 2.8% |
Portfolio Allocation |
|
| Domestic Stock: | 96.9% |
| Foreign Stock: | 2.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | March 1, 2006 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.46% |
