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Is Invesco S&P 500 Pure Growth ETF (RPG) a Strong ETF Right Now?
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The Invesco S&P 500 Pure Growth ETF (RPG - Free Report) was launched on 03/01/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Growth category of the market.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.
Market cap weighted indexes work great for investors who believe in market efficiency. They provide a low-cost, convenient and transparent way of replicating market returns.
There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
These indexes attempt to select stocks that have better chances of risk-return performance, based on certain fundamental characteristics or a combination of such characteristics.
This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results.
Fund Sponsor & Index
Managed by Invesco, RPG has amassed assets over $1.73 billion, making it one of the larger ETFs in the Style Box - Large Cap Growth. Before fees and expenses, RPG seeks to match the performance of the S&P 500 Pure Growth Index.
The S&P 500 Pure Growth Index measures the performance of securities that exhibit strong growth characteristics in the S&P 500 Index.
Cost & Other Expenses
Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.
Annual operating expenses for this ETF are 0.35%, making it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 0.16%.
Sector Exposure and Top Holdings
It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
RPG's heaviest allocation is in the Information Technology sector, which is about 44.2% of the portfolio. Its Industrials and Consumer Discretionary round out the top three.
When you look at individual holdings, Sandisk Corp (SNDK) accounts for about 8.18% of the fund's total assets, followed by Micron Technology Inc (MU) and Crowdstrike Holdings Inc (CRWD).
Its top 10 holdings account for approximately 32.13% of RPG's total assets under management.
Performance and Risk
Year-to-date, the Invesco S&P 500 Pure Growth ETF has added roughly 13.83% so far, and is up roughly 12.24% over the last 12 months (as of 11/02/2026). RPG has traded between $43.66 $63.85 in this past 52-week period.
The fund has a beta of 1.21 and standard deviation of 23.52% for the trailing three-year period, which makes RPG a medium risk choice in this particular space. With about 71 holdings, it effectively diversifies company-specific risk .
Alternatives
Invesco S&P 500 Pure Growth ETF is an excellent option for investors seeking to outperform the Style Box - Large Cap Growth segment of the market. There are other ETFs in the space which investors could consider as well.
Vanguard Morningstar Growth ETF (VUG) tracks CRSP U.S. Large Cap Growth Index and the Invesco QQQ (QQQ) tracks NASDAQ-100 Index. Vanguard Morningstar Growth ETF has $219.13 billion in assets, Invesco QQQ has $460.75 billion. VUG has an expense ratio of 0.03% and QQQ changes 0.18%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Growth
Bottom Line
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.
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Is Invesco S&P 500 Pure Growth ETF (RPG) a Strong ETF Right Now?
The Invesco S&P 500 Pure Growth ETF (RPG - Free Report) was launched on 03/01/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Growth category of the market.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.
Market cap weighted indexes work great for investors who believe in market efficiency. They provide a low-cost, convenient and transparent way of replicating market returns.
There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
These indexes attempt to select stocks that have better chances of risk-return performance, based on certain fundamental characteristics or a combination of such characteristics.
This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results.
Fund Sponsor & Index
Managed by Invesco, RPG has amassed assets over $1.73 billion, making it one of the larger ETFs in the Style Box - Large Cap Growth. Before fees and expenses, RPG seeks to match the performance of the S&P 500 Pure Growth Index.
The S&P 500 Pure Growth Index measures the performance of securities that exhibit strong growth characteristics in the S&P 500 Index.
Cost & Other Expenses
Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.
Annual operating expenses for this ETF are 0.35%, making it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 0.16%.
Sector Exposure and Top Holdings
It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
RPG's heaviest allocation is in the Information Technology sector, which is about 44.2% of the portfolio. Its Industrials and Consumer Discretionary round out the top three.
When you look at individual holdings, Sandisk Corp (SNDK) accounts for about 8.18% of the fund's total assets, followed by Micron Technology Inc (MU) and Crowdstrike Holdings Inc (CRWD).
Its top 10 holdings account for approximately 32.13% of RPG's total assets under management.
Performance and Risk
Year-to-date, the Invesco S&P 500 Pure Growth ETF has added roughly 13.83% so far, and is up roughly 12.24% over the last 12 months (as of 11/02/2026). RPG has traded between $43.66 $63.85 in this past 52-week period.
The fund has a beta of 1.21 and standard deviation of 23.52% for the trailing three-year period, which makes RPG a medium risk choice in this particular space. With about 71 holdings, it effectively diversifies company-specific risk .
Alternatives
Invesco S&P 500 Pure Growth ETF is an excellent option for investors seeking to outperform the Style Box - Large Cap Growth segment of the market. There are other ETFs in the space which investors could consider as well.
Vanguard Morningstar Growth ETF (VUG) tracks CRSP U.S. Large Cap Growth Index and the Invesco QQQ (QQQ) tracks NASDAQ-100 Index. Vanguard Morningstar Growth ETF has $219.13 billion in assets, Invesco QQQ has $460.75 billion. VUG has an expense ratio of 0.03% and QQQ changes 0.18%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Growth
Bottom Line
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.