Dividend comparison
VTV vs RPV: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Vanguard Morningstar Value ETF and Invesco S&P 500 Pure Value ETF, side by side. Updated October 21, 2026.
VTV vs RPV: key differences
The short answer, from the latest data on this page.
- Fees. VTV is cheaper at 0.03% a year versus 0.35% for RPV. On $10,000 that is $32 a year less in fees.
- Income. RPV pays more income, yielding 2.10% over the last twelve months versus 1.85% for VTV. That is about $24 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, VTV returned 73.1% versus 64.1% for RPV, with dividends reinvested. $10,000 would have grown to $17,311 in VTV and $16,409 in RPV.
- Risk. RPV has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -22.6%, against -17.0% for VTV.
- Diversification. VTV holds 331 positions and RPV holds 118. The ten largest positions make up 24.3% of VTV and 22.2% of RPV.
- Overlap. At least 8% of the two portfolios overlap by weight, across 16 shared holdings. They mostly own different companies, so they can complement each other.
- Dividend growth. RPV grew its yearly payout 13.6% a year over the last 4 years, versus 5.5% for VTV.
- Size. VTV is the larger fund with $251.7 billion in assets, against $1.7 billion for RPV.
Bottom line: VTV fits better if you care most about lower fees, stronger 5-year returns, smaller drawdowns and broader diversification. RPV fits better if you care most about faster dividend growth.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | VTV Vanguard Morningstar Value ETF | RPV Invesco S&P 500 Pure Value ETF |
|---|---|---|
| Dividend yield (TTM) | 1.85% | 2.10% |
| Dividend / share (TTM) | $4.16 | $2.53 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $1.0174 on Sep 30, 2026 | $0.6284 on Sep 25, 2026 |
| Ex-dividend date | Sep 28, 2026 | Sep 21, 2026 |
| Dividend growth (CAGR) | 5.5% over 4 yrs | 13.6% over 4 yrs |
| Price | $224.51 | $120.36 |
| Dividend growth streak | — | 1 year |
| Beta | 0.69 | 0.75 |
| Max drawdown (5Y) | -17.0% | -22.6% |
| Market cap | $251.71B | $1.69B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.03% | 0.35% |
| Assets under management | $251.70B | $1.68B |
| Number of holdings | 331 | 118 |
| Top 10 concentration | 24.3% | 22.2% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
VTV
$15.46/mo
$186 /yr at 1.85% yield
RPV
$17.49/mo
$210 /yr at 2.10% yield
Dividend history
Total dividends paid per share in each calendar year. VTV pays quarterly; RPV pays quarterly.
| Year | VTV | RPV |
|---|---|---|
| 2025 | $3.9060 | $2.5877 |
| 2024 | $3.9158 | $1.9479 |
| 2023 | $3.6705 | $1.9558 |
| 2022 | $3.5322 | $1.7831 |
| 2021 | $3.1569 | $1.5523 |
Strategy: Large-cap value
Funds that hold the cheaper half of the large-cap market by price-to-book, price-to-earnings and similar ratios. They lean toward financials, healthcare, industrials and energy, and pay higher dividends than growth funds because mature companies return more cash to shareholders. Funds tracking different value indexes can differ a lot in how many stocks they hold and how they define cheap.
Value can trail the broad market for years at a time when growth companies lead, as it did for much of the last decade.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $17,311 in VTV and $16,409 in RPV.
| Period | VTV | RPV |
|---|---|---|
| 1 month | 1.47% | 1.04% |
| 3 months | 3.02% | 1.79% |
| Year to date | 17.55% | 16.45% |
| 1 year | 20.05% | 21.81% |
| 3 years | 74.35% | 81.40% |
| 5 years | 73.11% | 64.09% |
- VTV
- RPV
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- VTV
- RPV
VTV vs RPV holdings overlap
At least 8% overlap by weight, with 16 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | VTV weight | RPV weight |
|---|---|---|
| CCitigroup Inc | 0.82% | 0.83% |
| CVXChevron Corp | 1.45% | 0.68% |
| UNHUnitedHealth Group Inc | 1.25% | 0.67% |
| VZVerizon Communications Inc | 0.72% | 0.61% |
| COPConocoPhillips | 0.57% | 0.60% |
| XOMExxonMobil Holdings Corp | 2.56% | 0.54% |
| TAT&T Inc | 0.63% | 0.46% |
| CBChubb Ltd | 0.43% | 0.48% |
| VLOValero Energy Corp | 0.42% | 2.32% |
| MPCMarathon Petroleum Corp | 0.42% | 2.17% |
Top 10 holdings
Largest positions by portfolio weight.
VTV331 holdings total
Quick verdict
VTV fits better if you care most about lower fees, stronger 5-year returns, smaller drawdowns and broader diversification. RPV fits better if you care most about faster dividend growth. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how VTV vs RPV fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is VTV or RPV better for dividend income?
It depends on your goals. VTV currently yields 1.85% Trailing Twelve Months (TTM) while RPV yields 2.10%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between VTV and RPV?
Vanguard Morningstar Value ETF (VTV) is an ETF listed on AMEX. Invesco S&P 500 Pure Value ETF (RPV) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, VTV or RPV?
VTV has the lower expense ratio. VTV charges 0.03% a year and RPV charges 0.35%, a difference of $32 a year on a $10,000 investment.
Which has performed better, VTV or RPV?
Over the last 5 years, VTV has the higher total return with dividends reinvested: VTV returned 73.1% and RPV returned 64.1%. Past performance does not predict future returns.
Which is riskier, VTV or RPV?
Measured by the worst peak-to-trough decline over the last five years, RPV has been riskier: VTV fell as much as 17.0% and RPV as much as 22.6%. Their betas are 0.69 and 0.75.
How much do VTV and RPV overlap?
At least 8% of the two portfolios overlap by weight, across 16 shared holdings. The largest shared positions are C, CVX, UNH. Holding both still adds meaningful diversification.
How often do VTV and RPV pay dividends?
Both pay quarterly. The most recent payments were $1.0174 for VTV and $0.6284 for RPV.
How much income does $10,000 in VTV vs RPV generate?
At current TTM yields, $10,000 in VTV would generate roughly $15.46 per month ($186 annually). The same amount in RPV would produce about $17.49 per month ($210 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both VTV and RPV?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare VTV vs RPV with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VTV and RPV fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.