Looking for broad exposure to the Large Cap Growth segment of the US equity market? You should consider the Invesco S&P 500 Pure Growth ETF (RPG Quick QuoteRPG - Free Report) , a passively managed exchange traded fund launched on 03/01/2006.

The fund is sponsored by Invesco. It has amassed assets over $1.56 billion, making it one of the larger ETFs attempting to match the Large Cap Growth segment of the US equity market.

Why Large Cap Growth

Companies that fall in the large cap category tend to have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.

While growth stocks do boast higher than average sales and earnings growth rates, and they are expected to grow faster than the wider market, investors should note these kinds of stocks have higher valuations. Also, growth stocks are a type of equity that carries more risk compared to others. When you consider growth versus value, growth stocks are usually the clear winner in strong bull markets but tend to fall flat in nearly all other environments.

Costs

Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.

Annual operating expenses for this ETF are 0.35%, putting it on par with most peer products in the space.

It has a 12-month trailing dividend yield of 0.24%.

Sector Exposure and Top Holdings

While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation to the Industrials sector--about 24.50% of the portfolio. Consumer Discretionary and Information Technology round out the top three.

Looking at individual holdings, Texas Pacific Land Corp (TPL Quick QuoteTPL - Free Report) accounts for about 2.13% of total assets, followed by Royal Caribbean Cruises Ltd (RCL Quick QuoteRCL - Free Report) and Fortinet Inc (FTNT Quick QuoteFTNT - Free Report) .

The top 10 holdings account for about 18.82% of total assets under management.

Performance and Risk

RPG seeks to match the performance of the S&P 500 Pure Growth Index before fees and expenses. The S&P 500 Pure Growth Index measures the performance of securities that exhibit strong growth characteristics in the S&P 500 Index.

The ETF has added about 3.41% so far this year and was up about 20.81% in the last one year (as of 05/13/2025). In the past 52-week period, it has traded between $33.68 and $45.03.

The ETF has a beta of 1.14 and standard deviation of 23.72% for the trailing three-year period, making it a medium risk choice in the space. With about 92 holdings, it effectively diversifies company-specific risk.

Alternatives

Invesco S&P 500 Pure Growth ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, RPG is a sufficient option for those seeking exposure to the Style Box - Large Cap Growth area of the market. Investors might also want to consider some other ETF options in the space.

The Vanguard Growth ETF (VUG Quick QuoteVUG - Free Report) and the Invesco QQQ (QQQ Quick QuoteQQQ - Free Report) track a similar index. While Vanguard Growth ETF has $159.76 billion in assets, Invesco QQQ has $317.22 billion. VUG has an expense ratio of 0.04% and QQQ charges 0.20%.

Bottom-Line

Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.