Invesco S&P 500 Minimum Variance ETF (SPMV) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SPMV. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPMV
SPMV charges 0.10% annually. There are 17 ETFs in the S&P 500 category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF | 0.02% | 158.31B | Nov 2005 | SPMV vs SPYM | |
| iShares Core S&P 500 ETF | 0.03% | 894.38B | May 2000 | SPMV vs IVV | |
| Vanguard S&P 500 ETF | 0.03% | 1.70T | Sep 2010 | SPMV vs VOO | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.04% | 52.75B | Sep 2000 | SPMV vs SPYG | |
| SPDR Portfolio S&P 500 Value ETF | 0.04% | 35.82B | Sep 2000 | SPMV vs SPYV |
Best Risk-Adjusted Alternatives to SPMV
Among 103 ETFs in the S&P 500 category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | SPMV vs CPSP | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | SPMV vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 97 | 56.60M | May 2024 | SPMV vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - February | 96 | — | Jan 2025 | SPMV vs PMFB | |
| Calamos S&P 500 Structured Alt Protection ETF - Se... | 95 | 32.10M | Sep 2024 | SPMV vs CPST |
Top Performing SPMV Alternatives (YTD)
Among 111 ETFs in the S&P 500 category with YTD return data, the top-performing alternatives shown here go as high as 62.78%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 High Beta Bull 3X Shares | 62.78% | 94.34M | Nov 2019 | SPMV vs HIBL | |
| Invesco S&P 500 Equal Weight Technology ETF | 35.74% | 5.69B | Jan 2006 | SPMV vs RSPT | |
| Invesco S&P 500 Equal Weight Energy ETF | 31.15% | 540.52M | Nov 2006 | SPMV vs RSPG | |
| Invesco S&P 500 Pure Growth ETF | 26.05% | 2.19B | Mar 2006 | SPMV vs RPG | |
| Invesco S&P 500 Momentum ETF | 26.03% | 22.01B | Oct 2015 | SPMV vs SPMO |
Lowest Volatility Alternatives to SPMV
Among 114 ETFs in the S&P 500 category with 1-year volatility data, the lowest-volatility alternatives shown here go as low as 1.31%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | SPMV vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | SPMV vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 1.66% | 56.60M | May 2024 | SPMV vs CPSM | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | 1.89% | 25.70M | Jun 2025 | SPMV vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | 1.97% | — | May 2025 | SPMV vs PMJN |
Lowest Drawdown Alternatives to SPMV
Among 103 ETFs in the S&P 500 category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.37%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | SPMV vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | SPMV vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - May | -0.60% | — | Apr 2025 | SPMV vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | -1.03% | 25.70M | Jun 2025 | SPMV vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | -1.15% | — | May 2025 | SPMV vs PMJN |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, QQQM, RSP and span 13 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 16.13% | 481.14B | Mar 1999 | SPMV vs QQQ | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 16.16% | 100.59B | Oct 2020 | SPMV vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 58 | 12.75% | 96.24B | Apr 2003 | SPMV vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 92 | 74.43% | 2.58B | Jun 2021 | SPMV vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 40 | 3.75% | 10.85B | May 2005 | SPMV vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.39% | 20.11B | Dec 2005 | SPMV vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 11.46% | 3.29B | Oct 2012 | SPMV vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 50 | 14.98% | 7.45B | Mar 2005 | SPMV vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 35 | 9.54% | 8.22B | Oct 2005 | SPMV vs PPA | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 43 | 7.79% | 3.99B | Feb 2012 | SPMV vs IDMO |
Often Compared With SPMV
Investors most often compare SPMV with USMV, SPLV, SPY. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare SPMV with Any Fund or Stock
Compare SPMV with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPMV with funds that move differently
Invesco S&P 500 Minimum Variance ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPMV.
Explore SPMV Diversifiers