- ISIN
- US73937B6478
- CUSIP
- 73937B647
- Issuer
- Invesco
- Inception Date
- Feb 15, 2013
- Region
- North America (U.S.)
- Category
- Volatility Hedged Equity
- 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
- $716M
Share Price Chart
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Performance
XMLV Performance Chart
Invesco S&P MidCap Low Volatility ETF (XMLV) is up 2.5% since the beginning of the year. XMLV is currently trading at $63 per share. Investors who bought $1,000 worth of XMLV shares 5 years ago would now be looking at an investment worth $1,308.
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Returns By Period
Invesco S&P MidCap Low Volatility ETF (XMLV) has returned 2.54% so far this year and 5.54% over the past 12 months. Over the last ten years, XMLV has returned 7.60% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Invesco S&P MidCap Low Volatility ETF
- 1D
- -0.36%
- 1M
- -2.36%
- YTD
- 2.54%
- 6M
- 2.22%
- 1Y
- 5.54%
- 3Y*
- 10.18%
- 5Y*
- 5.52%
- 10Y*
- 7.60%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
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 +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 62% of months were positive and 38% 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% | -1.52% | 2.54% | ||||||
| 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 -0.03%, beta of 0.76, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since February 19, 2013.
- This ETF participated in 78.56% of S&P 500 Index downside but only 71.00% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.03%
- Beta
- 0.76
- R²
- 0.67
- Upside Capture
- 71.00%
- Downside Capture
- 78.56%
Expense Ratio
XMLV has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
XMLV ranks 18 for risk / return — in the bottom 18% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by 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.
| XMLV | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 2.24 | -1.70 |
Sortino ratioReturn per unit of downside risk | 0.83 | 3.07 | -2.24 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.41 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.79 | 2.93 | -2.14 |
Martin ratioReturn relative to average drawdown | 2.66 | 13.52 | -10.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Invesco S&P MidCap Low Volatility ETF provided a 2.91% dividend yield over the last twelve months, with an annual payout of $1.84 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 | $1.84 | $1.79 | $1.36 | $1.24 | $1.10 | $0.66 | $0.93 | $1.09 | $0.94 | $0.79 | $0.70 | $0.63 |
Dividend yield | 2.91% | 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 | $0.00 | $0.57 | ||||||
| 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 4.89%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -39.86%Mar 2020 | 1mo 3d | 1y 23d | 1y 1moFeb 2020 - Apr 2021 |
Bear market2022 | -16.53%Sep 2022 | 9mo 4d | 1y 5mo | 2y 2moDec 2021 - Mar 2024 |
2025 selloff2025 | -13.80%Apr 2025 | 4mo 13d | 4mo 16d | 8mo 29dNov 2024 - Aug 2025 |
Rate-hike selloffLate 2018 | -13.29%Dec 2018 | 3mo 8d | 1mo 23d | 5mo 1dSep 2018 - Feb 2019 |
2015 pullback2015 | -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 | -4.89% | -0.74% | -4.15% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -10.72% | +6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 1.97% | +0.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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