RPV: A Deep Value ETF, Sector Mix With Increased Cyclical Exposure

Invesco S&P Pure Value ETF (RPV) offers deep value exposure, trading at 11.6x P/E—about a 44% discount to the S&P 500. RPV is heavily tilted toward mid- and small-cap stocks, with overweight positions in consumer staples, basic materials, and energy, and minimal technology exposure. While RPV's valuation is compelling, its long-term performance lags both the S&P 500 and value ETF peers, reflecting weak growth and cyclical sector risks.