RZG vs VIOG
Invesco S&P Smallcap 600 Pure Growth ETF vs Vanguard S&P Small Cap 600 Growth ETF
Which is better, RZG or VIOG?
Nearly the same fund. VIOG costs less.
VIOG has a lower expense ratio. RZG led over 3Y, VIOG over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. VIOG 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 | VIOG |
|---|---|---|
| Expense Ratio | 0.35% | 0.10%Best |
| AUM | $120M | $1.0B |
| Dividend Yield | 0.58% | 0.79% |
| Holdings | 263 | 353 |
| YTD Return | +12.80%Best | +12.42% |
| 1Y Return | +13.51% | +13.95%Best |
| 3Y Return (annualized) | +16.29%Best | +14.81% |
| 5Y Return (annualized) | +3.52% | +4.72%Best |
| Volatility (annualized) | 20.6% | 18.4%Best |
| Max Drawdown | -54.4% | -42.8%Best |
| $10,000 over 5 years | $11,888 | $12,594Best |
| Top 10 Weight | 18.2% | 9.8%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Growth | Small Cap Growth |
| Inception | Mar 1, 2006 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Oct 14, 2026 (16.1 years).
RZG vs VIOG 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 16.1 years both funds cover.
RZG vs VIOG Performance
Invesco S&P Smallcap 600 Pure Growth ETF (RZG) is an ETF from Invesco (US) and Vanguard S&P Small Cap 600 Growth ETF (VIOG) is an ETF from Vanguard (US). Over the past year RZG returned +13.51% while VIOG returned +13.95%. Year to date, RZG is up 12.80% versus a gain of 12.42% for VIOG.
Over three years, RZG compounded at +16.29% per year against +14.81% for VIOG; over five years the annualized figures are +3.52% and +4.72% respectively. Across the full 16-year window we track, VIOG has the edge at +11.55% annualized vs +10.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RZG has been the more volatile fund, with annualized monthly volatility of 20.6% compared with 18.4% for VIOG. 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 -54.4% for RZG and -42.8% for VIOG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. 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 VIOG charges 0.10%. On a $10,000 position that is $35 vs $10 annually, a gap of $25 per year that compounds over a long holding period. On income, RZG currently yields 0.58% against 0.79% for VIOG.
Holdings Overlap
95.3% of RZG's money is in holdings VIOG also owns. 50.6% of VIOG's money is in holdings RZG also owns.
Most of RZG is already inside VIOG. Owning both mostly buys the same companies twice.
123 positions in common, counted across the 127 positions we hold weights for in RZG and 350 in VIOG, against full books of 263 and 353.
What only one of them owns
Our book lists 220 positions for VIOG that do not appear in our book for RZG (47.8% of the fund), and 2 for RZG that do not appear in VIOG (2.6%).
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 VIOG | Difference |
|---|---|---|---|
| ACMRAcm Research Inc | 2.72% | 0.58% | 2.14% |
| 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% |
| FORMFormfactor, Inc. | 0.92% | 1.39% | 0.47% |
| DAVEDave Inc Common Stock Usd.0001 | 1.88% | 0.42% | 1.46% |
| CHEFChef Holdings, Inc. | 1.79% | 0.51% | 1.28% |
| TGTXTg Therapeutics Inc Common Stock | 1.31% | 0.92% | 0.39% |
| POWLPowell Industries Inc | 1.53% | 0.67% | 0.86% |
95.3% of RZG is already inside VIOG.
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 VIOG?
RZG has an expense ratio of 0.35% while VIOG charges 0.10%. VIOG is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, RZG or VIOG?
Over the past year RZG returned +13.51% vs +13.95% for VIOG, so VIOG leads on 1-year performance. Over the longest common window we track (16 years), RZG annualized +10.60% vs +11.55% for VIOG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RZG or VIOG?
RZG has been the more volatile fund at 20.6% annualized versus 18.4% for VIOG. Worst drawdown: RZG -54.4% vs VIOG -42.8%.
Should I hold both RZG and VIOG?
RZG and VIOG have a monthly-return correlation of 0.98, 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 VIOG?
95.3% of RZG's money is in holdings VIOG also owns. 50.6% of VIOG's is in holdings RZG also owns. They hold 123 positions in common, counted across the 127 positions we hold weights for in RZG and 350 in VIOG.
Which pays a higher dividend, RZG or VIOG?
RZG yields 0.58% while VIOG yields 0.79%, so VIOG currently pays the higher dividend yield.
Is VIOG better than RZG?
VIOG has a lower expense ratio. RZG led over 3Y, VIOG over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. VIOG 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.