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The Invesco S&P 500 Pure Value ETF holds the cheapest stocks in the S&P 500 based on price to book, price to sales, and price to earnings ratios.
The ETF is heavily weighted toward financials but is highly diversified with General Motors as the largest component with a weighting of just 4.1%.
While the RPV has underperformed in recent years, value stocks have a long-term track record of outperformance, making the ETF attractive for potential future gains.