- Delisting Date
- Feb 23, 2026
- Issuer
- Invesco
- Inception Date
- Jul 13, 2017
- Region
- North America (U.S.)
- Category
- S&P 500, Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500 Minimum Volatility Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $4M
Share Price Chart
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Performance
SPMV Performance Chart
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Returns By Period
Invesco S&P 500 Minimum Variance ETF
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SPMV Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.88% | -0.01% | 0.87% | ||||||||||
| 2025 | 2.65% | 2.16% | -2.15% | -1.25% | 2.81% | 1.92% | -0.35% | 1.58% | 1.98% | 0.06% | 1.33% | 0.49% | 11.69% |
| 2024 | 3.04% | 3.11% | 3.06% | -3.64% | 4.35% | 1.90% | 2.06% | 3.61% | 1.67% | -1.36% | 4.39% | -4.36% | 18.78% |
| 2023 | 2.96% | -4.32% | 3.34% | 2.65% | -2.97% | 4.73% | 0.59% | -1.45% | -4.26% | -1.07% | 7.81% | 2.59% | 10.28% |
| 2022 | -5.12% | -2.94% | 5.21% | -5.23% | 0.17% | -5.69% | 5.92% | -3.33% | -7.86% | 8.07% | 4.34% | -3.37% | -10.84% |
| 2021 | -1.91% | -0.30% | 6.13% | 4.36% | 0.36% | 1.76% | 2.82% | 2.27% | -4.94% | 5.93% | -0.61% | 6.81% | 24.35% |
Benchmark Metrics
Invesco S&P 500 Minimum Variance ETF has an annualized alpha of 1.37%, beta of 0.72, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since August 24, 2017.
- This ETF participated in 87.72% of S&P 500 Index downside but only 80.73% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 1.37%
- Beta
- 0.72
- R²
- 0.72
- Upside Capture
- 80.73%
- Downside Capture
- 87.72%
Expense Ratio
SPMV has an expense ratio of 0.10%, which is considered low.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco S&P 500 Minimum Variance ETF (SPMV) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPMV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Invesco S&P 500 Minimum Variance ETF provided a 1.45% dividend yield over the last twelve months, with an annual payout of $0.73 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.73 | $0.77 | $0.70 | $0.89 | $0.65 | $0.53 | $0.58 | $1.00 | $0.53 | $0.47 |
Dividend yield | 1.45% | 1.53% | 1.53% | 2.28% | 1.79% | 1.28% | 1.71% | 3.13% | 2.11% | 1.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco S&P 500 Minimum Variance ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.14 | $0.14 | ||||||||||
| 2025 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.77 |
| 2024 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.18 | $0.70 |
| 2023 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.34 | $0.89 |
| 2022 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.65 |
| 2021 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.53 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco S&P 500 Minimum Variance ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco S&P 500 Minimum Variance ETF was 33.17%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.17%Mar 2020 | 1mo 4d | 6mo 23d | 7mo 27dFeb 2020 - Oct 2020 |
Bear market2022 | -18.80%Oct 2022 | 9mo 16d | 1y 3mo | 2y 20dDec 2021 - Jan 2024 |
Rate-hike selloffLate 2018 | -17.13%Dec 2018 | 2mo 24d | 4mo | 6mo 24dOct 2018 - Apr 2019 |
2025 selloff2025 | -11.81%Apr 2025 | 1mo 17d | 2mo 5d | 3mo 22dFeb 2025 - Jun 2025 |
2018 pullback2018 | -7.45%Feb 2018 | 22d | 5mo 2d | 5mo 24dFeb 2018 - Jul 2018 |
Drawdown Indicators
| SPMV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -1.80% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.71% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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