BEDY vs. SPLV
BEDY (BNY Mellon Enhanced Dividend Income ETF) and SPLV (Invesco S&P 500 Low Volatility ETF) are both exchange-traded funds - BEDY is a Large Cap Value Equities fund actively managed by BNY Mellon, while SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index. BEDY is actively managed, while SPLV is passively managed. Their 0.50 correlation means they have sometimes moved together and sometimes differently. BEDY charges 0.50%/yr vs 0.25%/yr for SPLV.
Performance
BEDY vs. SPLV - Performance Comparison
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Returns By Period
In the year-to-date period, BEDY achieves a 16.02% return, which is significantly higher than SPLV's 8.12% return.
BEDY
- 1D
- 0.16%
- 1M
- 1.84%
- 6M
- 11.84%
- YTD
- 16.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPLV
- 1D
- -0.20%
- 1M
- -0.47%
- 6M
- 4.66%
- YTD
- 8.12%
- 1Y
- 7.70%
- 3Y*
- 8.84%
- 5Y*
- 6.09%
- 10Y*
- 8.23%
- ALL TIME*
- 10.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.95M | $1.66M | $1.56M | |
| $153.26M | $160.48M | $185.27M |
BEDY vs. SPLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BEDY BNY Mellon Enhanced Dividend Income ETF | 16.02% | 1.45% |
SPLV Invesco S&P 500 Low Volatility ETF | 8.12% | 0.33% |
Correlation
The correlation between BEDY and SPLV is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 8, 2025 | 0.50 |
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Return for Risk
BEDY vs. SPLV — Risk / Return Rank
BEDY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPLV
BEDY vs. SPLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Enhanced Dividend Income ETF (BEDY) and Invesco S&P 500 Low Volatility ETF (SPLV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BEDY | SPLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.12 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.02 | — |
| Martin ratioReturn relative to average drawdown | — | 2.33 | — |
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Drawdowns
BEDY vs. SPLV - Drawdown Comparison
The maximum BEDY drawdown since its inception was -6.25%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for BEDY and SPLV.
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Drawdown Indicators
| BEDY | SPLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.25% | -36.26% | +30.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.41% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.26% | — |
Current DrawdownCurrent decline from peak | -0.90% | -2.23% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -3.54% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.22% | — |
Volatility
BEDY vs. SPLV - Volatility Comparison
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Volatility by Period
| BEDY | SPLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 10.70% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.77% | 12.61% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.77% | 15.42% | -3.65% |
BEDY vs. SPLV - Expense Ratio Comparison
BEDY has a 0.50% expense ratio, which is higher than SPLV's 0.25% expense ratio.
Dividends
BEDY vs. SPLV - Dividend Comparison
BEDY's dividend yield for the trailing twelve months is around 3.87%, more than SPLV's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEDY BNY Mellon Enhanced Dividend Income ETF | 3.87% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLV Invesco S&P 500 Low Volatility ETF | 2.12% | 2.04% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% |
Frequently Asked Questions
BEDY and SPLV have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPLV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPLV is cheaper with a 0.25% expense ratio, compared with 0.50% for BEDY.
BEDY has the higher dividend yield at 3.87%, compared with 2.12% for SPLV.
BEDY is categorized as Large Cap Value Equities, while SPLV is S&P 500. They also come from different issuers: BNY Mellon and Invesco. Their fees differ too: 0.50% for BEDY and 0.25% for SPLV.
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