- ISIN
- US73937B6478
- CUSIP
- 73937B647
- Issuer
- Invesco
- Inception Date
- Feb 15, 2013
- Region
- North America (U.S.)
- Category
- Low Volatility
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P MidCap 400 Low Volatility Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $748M
Highlights
- Avg. Volume (1M)
- 22K
- Avg. Volume Value (1M)
- $1.47M
Share Price Chart
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Performance
XMLV Performance Chart
Invesco S&P MidCap Low Volatility ETF (XMLV) is up 11.5% since the beginning of the year. XMLV is currently trading at $68 per share. Investors who bought $1,000 worth of XMLV shares 5 years ago would now be looking at an investment worth $1,412.
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Returns By Period
Invesco S&P MidCap Low Volatility ETF (XMLV) has returned 11.48% so far this year and 15.65% over the past 12 months. Over the last ten years, XMLV has returned 8.01% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Invesco S&P MidCap Low Volatility ETF
- 1D
- -0.40%
- 1M
- 1.77%
- 6M
- 8.77%
- YTD
- 11.48%
- 1Y
- 15.65%
- 3Y*
- 11.57%
- 5Y*
- 7.14%
- 10Y*
- 8.01%
- ALL TIME*
- 9.98%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
XMLV Monthly Returns History
Based on dividend-adjusted daily data since Feb 15, 2013, XMLV's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +9.5%, while the worst month was Mar 2020 at -16.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, XMLV closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +8.8%, while the worst single day was Mar 16, 2020 at -13.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.49% | 4.35% | -4.73% | 4.83% | -2.52% | 3.90% | 3.06% | 11.48% | |||||
| 2025 | 1.94% | 0.77% | -0.38% | -2.75% | 3.18% | 0.24% | -0.89% | 4.68% | 0.05% | -2.72% | 3.22% | -1.61% | 5.55% |
| 2024 | -1.00% | 3.42% | 4.20% | -3.47% | 3.51% | -1.45% | 7.10% | 2.01% | 1.70% | 0.15% | 7.05% | -6.44% | 17.08% |
| 2023 | 4.37% | -1.49% | -4.09% | -0.10% | -5.35% | 5.13% | 3.25% | -3.72% | -3.81% | -1.95% | 5.64% | 4.91% | 1.86% |
| 2022 | -6.16% | -1.60% | 3.83% | -3.49% | 1.49% | -5.42% | 6.67% | -4.16% | -7.94% | 9.47% | 6.35% | -3.96% | -6.55% |
| 2021 | 0.27% | 3.03% | 5.60% | 3.27% | 0.48% | -1.26% | 2.21% | 1.19% | -4.69% | 4.99% | -1.18% | 7.61% | 23.00% |
Benchmark Metrics
Invesco S&P MidCap Low Volatility ETF has an annualized alpha of 0.75%, beta of 0.75, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since February 15, 2013.
- This ETF participated in 74.23% of S&P 500 Index downside but only 71.00% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.75%
- Beta
- 0.75
- R²
- 0.65
- Upside Capture
- 71.00%
- Downside Capture
- 74.23%
Expense Ratio
XMLV has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
XMLV ranks 59 for risk / return — above 59% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Invesco S&P MidCap Low Volatility ETF (XMLV) 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.
| XMLV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.00 | +0.19 |
| Martin ratioReturn relative to average drawdown | 7.26 | 8.49 | -1.23 |
Dividends
Dividend History
Invesco S&P MidCap Low Volatility ETF provided a 2.85% dividend yield over the last twelve months, with an annual payout of $1.95 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.95 | $1.79 | $1.36 | $1.24 | $1.10 | $0.66 | $0.93 | $1.09 | $0.94 | $0.79 | $0.70 | $0.63 |
Dividend yield | 2.85% | 2.87% | 2.23% | 2.34% | 2.05% | 1.14% | 1.93% | 2.02% | 2.13% | 1.74% | 1.72% | 1.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco S&P MidCap Low Volatility 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 | $0.00 | $0.57 | $0.00 | $0.00 | $0.51 | $0.00 | $1.07 | |||||
| 2025 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.43 | $1.79 |
| 2024 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.41 | $1.36 |
| 2023 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.25 | $1.24 |
| 2022 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.22 | $1.10 |
| 2021 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.17 | $0.66 |
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 MidCap Low Volatility 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 MidCap Low Volatility ETF was 39.86%, occurring on Mar 23, 2020. Recovery took 268 trading sessions.
The current Invesco S&P MidCap Low Volatility ETF drawdown is 2.14%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-39.86%Mar 2020 | 1mo 3d | 1y 23d | 1y 1moFeb 2020 - Apr 2021 | COVID crash2020 |
-16.53%Sep 2022 | 9mo 4d | 1y 5mo | 2y 2moDec 2021 - Mar 2024 | Bear market2022 |
-13.80%Apr 2025 | 4mo 13d | 4mo 16d | 8mo 29dNov 2024 - Aug 2025 | 2025 selloff2025 |
-13.29%Dec 2018 | 3mo 8d | 1mo 23d | 5mo 1dSep 2018 - Feb 2019 | Rate-hike selloffLate 2018 |
-9.62%Aug 2015 | 7d | 3mo | 3mo 7dAug 2015 - Nov 2015 | — |
Drawdown Indicators
| XMLV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -56.78% | +16.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.03% | -9.10% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -13.80% | -18.90% | +5.10% |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | -25.43% | +8.90% |
Max Drawdown (10Y)Largest decline over 10 years | -39.86% | -33.92% | -5.94% |
Current DrawdownCurrent decline from peak | -2.14% | -1.58% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -10.70% | +6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.14% | -0.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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