RPG: The Strengths And Weaknesses of The “Pure Growth” Strategy
The Invesco S&P 500 Pure Growth ETF (RPG) offers a targeted approach to U.S. large-cap growth stocks, focusing on companies within the S&P 500 that exhibit strong growth characteristics. Managed by Invesco, a well-established name in the asset management world, RPG is designed for investors seeking exposure to high-growth potential within the large-cap segment. With an expense ratio of 0.35%, RPG provides a balance between performance and cost for growth-oriented investors.
This analysis delves into RPG’s metrics, highlighting both its strengths and areas with potential for improvement, according to my proprietary rankings system.
ETF Overview
| Metric | Value |
|---|---|
| ETF Category | Size & Style: Large-Cap Growth |
| Assets Under Management (AUM) | $1.45 billion |
| Expense Ratio | 0.35% |
| Inception Date | March 1, 2006 |
| Average Volume | 318,674 |
| Market Cap | $411.99 billion |
| Beta (5Y) | 1.44 |
| Dividend Yield (TTM) | 0.41% |
RPG Power Rankings
Analyzing RPG against 964 U.S. Equity ETFs, we see a mix of high and low rankings that highlight its unique position in the market:
- Strong Rankings: RPG shines in the Growth Rank (68th place) and Momentum Rank (73rd place), underscoring its appeal to growth-focused investors and recent strong price momentum.
- Moderate Rankings: It holds a solid Quality Rank of 195, indicating a fairly high level of fundamental stability, and a Liquidity Rank of 79, reflecting ease of trading.
- Weaker Rankings: On the other hand, RPG ranks lower in Risk Rank (919) and Value Rank (839), which may suggest higher volatility and a premium valuation compared to other ETFs. This could be worth noting for investors with a conservative approach.
Here’s a detailed table of RPG's rankings across various factors:
| Ranking Metric | Rank |
|---|---|
| Size Rank | 660 |
| Expenses Rank | 419 |
| Liquidity Rank | 79 |
| Diversification Rank | 516 |
| Risk Rank | 919 |
| Growth Rank | 68 |
| Value Rank | 839 |
| Quality Rank | 195 |
| Momentum Rank | 73 |
| Sentiment Rank | 139 |
| Overall Rank | 127 |
Performance Metrics
RPG’s performance over various timeframes offers insights into its growth pattern. Here’s a complete breakdown:
| Performance Metric | Return |
|---|---|
| 1-Month Total Return | 4.07% |
| 3-Month Total Return | 5.44% |
| 6-Month Total Return | 7.03% |
| 1-Year Total Return | 30.88% |
| 2-Year Total Return | 38.47% |
| 3-Year Total Return | 4.44% |
| 4-Year Total Return | 42.14% |
| 5-Year Total Return | 71.13% |
| 6-Year Total Return | 69.91% |
| 7-Year Total Return | 105.04% |
| 8-Year Total Return | 145.05% |
| 9-Year Total Return | 168.26% |
| 10-Year Total Return | 170.49% |
RPG's extended returns, especially over the 5 to 10-year periods, illustrate substantial growth, positioning it as an attractive option for long-term growth-oriented investors.
The ETF Daddy Power Rankings System empowers you to compare nearly 1,000 U.S. Equity ETFs, with insights driven by detailed metrics for each ranking factor. Get started today by clicking here!