RZG vs SLYG
Invesco S&P Smallcap 600 Pure Growth ETF vs State Street SPDR S&P 600 Small Cap Growth ETF
Which is better, RZG or SLYG?
Nearly the same fund. SLYG costs less.
SLYG has a lower expense ratio. RZG led over 3Y, SLYG over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. SLYG is less concentrated, with 9.8% of the fund in its ten largest positions against 18.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | RZG | SLYG |
|---|---|---|
| Expense Ratio | 0.35% | 0.15%Best |
| AUM | $120M | $4.8B |
| Dividend Yield | 0.58% | 0.73% |
| Holdings | 263 | 351 |
| YTD Return | +12.80%Best | +12.28% |
| 1Y Return | +13.51% | +13.86%Best |
| 3Y Return (annualized) | +16.29%Best | +14.54% |
| 5Y Return (annualized) | +3.52% | +4.64%Best |
| Volatility (annualized) | 21.6% | 20.1%Best |
| Max Drawdown | -58.8%Best | -60.4% |
| $10,000 over 5 years | $11,888 | $12,546Best |
| Top 10 Weight | 18.2% | 9.8%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Growth | Small Cap Growth |
| Inception | Mar 1, 2006 | Sep 25, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Mar 7, 2006 to Oct 14, 2026 (20.6 years).
RZG vs SLYG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 20.6 years both funds cover.
RZG vs SLYG Performance
Invesco S&P Smallcap 600 Pure Growth ETF (RZG) is an ETF from Invesco (US) and State Street SPDR S&P 600 Small Cap Growth ETF (SLYG) is an ETF from State Street Investment Management. Over the past year RZG returned +13.51% while SLYG returned +13.86%. Year to date, RZG is up 12.80% versus a gain of 12.28% for SLYG.
Over three years, RZG compounded at +16.29% per year against +14.54% for SLYG; over five years the annualized figures are +3.52% and +4.64% respectively. Across the full 21-year window we track, SLYG has the edge at +8.25% annualized vs +8.19%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RZG has been the more volatile fund, with annualized monthly volatility of 21.6% compared with 20.1% for SLYG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -58.8% for RZG and -60.4% for SLYG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
RZG charges 0.35% per year while SLYG charges 0.15%. On a $10,000 position that is $35 vs $15 annually, a gap of $20 per year that compounds over a long holding period. On income, RZG currently yields 0.58% against 0.73% for SLYG.
Holdings Overlap
99.0% of RZG's money is in holdings SLYG also owns. 51.7% of SLYG's money is in holdings RZG also owns.
Most of RZG is already inside SLYG. Owning both mostly buys the same companies twice.
125 positions in common, counted across the 127 positions we hold weights for in RZG and 347 in SLYG, against full books of 263 and 351.
What only one of them owns
Our book lists 220 positions for SLYG that do not appear in our book for RZG (47.6% of the fund), and 0 for RZG that do not appear in SLYG (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in RZG | Weight in SLYG | Difference |
|---|---|---|---|
| ACMRAcm Research Inc | 2.72% | 0.59% | 2.13% |
| PTGXProtagonist Therapeutics Inc | 1.98% | 1.08% | 0.90% |
| VSATViasat Inc | 1.20% | 1.18% | 0.02% |
| SNEXStonex Group Inc | 1.51% | 0.85% | 0.66% |
| AAMIAcadian Asset Management Inc | 1.98% | 0.33% | 1.65% |
| CHEFChef Holdings, Inc. | 1.79% | 0.52% | 1.27% |
| FORMFormfactor, Inc. | 0.92% | 1.39% | 0.47% |
| DAVEDave Inc Common Stock Usd.0001 | 1.88% | 0.42% | 1.46% |
| TGTXTg Therapeutics Inc Common Stock | 1.31% | 0.92% | 0.39% |
| POWLPowell Industries Inc | 1.53% | 0.67% | 0.86% |
99.0% of RZG is already inside SLYG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RZG or SLYG?
RZG has an expense ratio of 0.35% while SLYG charges 0.15%. SLYG is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, RZG or SLYG?
Over the past year RZG returned +13.51% vs +13.86% for SLYG, so SLYG leads on 1-year performance. Over the longest common window we track (21 years), RZG annualized +8.19% vs +8.25% for SLYG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RZG or SLYG?
RZG has been the more volatile fund at 21.6% annualized versus 20.1% for SLYG. Worst drawdown: RZG -58.8% vs SLYG -60.4%.
Should I hold both RZG and SLYG?
RZG and SLYG have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between RZG and SLYG?
99.0% of RZG's money is in holdings SLYG also owns. 51.7% of SLYG's is in holdings RZG also owns. They hold 125 positions in common, counted across the 127 positions we hold weights for in RZG and 347 in SLYG.
Which pays a higher dividend, RZG or SLYG?
RZG yields 0.58% while SLYG yields 0.73%, so SLYG currently pays the higher dividend yield.
Is SLYG better than RZG?
SLYG has a lower expense ratio. RZG led over 3Y, SLYG over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. SLYG is less concentrated, with 9.8% of the fund in its ten largest positions against 18.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.