EELV vs. IDLV

Last updated Jun 5, 2026

EELV (Invesco S&P Emerging Markets Low Volatility ETF) and IDLV (Invesco S&P International Developed Low Volatility ETF) are both Volatility Hedged Equity funds from Invesco - EELV tracks the S&P BMI Emerging Markets Low Volatility Index while IDLV tracks the S&P BMI International Developed Low Volatility Index. Both are passively managed. Over the past 10 years, EELV returned 6.55%/yr vs 5.05%/yr for IDLV. A 0.71 correlation means they provide meaningful diversification when combined. EELV charges 0.30%/yr vs 0.25%/yr for IDLV.

Performance

EELV vs. IDLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Emerging Markets Low Volatility ETF (EELV) and Invesco S&P International Developed Low Volatility ETF (IDLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EELV achieves a 4.49% return, which is significantly higher than IDLV's 2.63% return. Over the past 10 years, EELV has outperformed IDLV with an annualized return of 6.55%, while IDLV has yielded a comparatively lower 5.05% annualized return.

EELV

• 1D: 0.50%
• 1M: -1.73%
• YTD: 4.49%
• 6M: 5.24%
• 1Y: 14.63%
• 3Y*: 10.86%
• 5Y*: 6.92%
• 10Y*: 6.55%

IDLV

• 1D: 0.27%
• 1M: -2.61%
• YTD: 2.63%
• 6M: 4.87%
• 1Y: 9.37%
• 3Y*: 12.03%
• 5Y*: 5.93%
• 10Y*: 5.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EELV vs. IDLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EELV Invesco S&P Emerging Markets Low Volatility ETF	4.49%	21.97%	1.90%	8.85%	-3.98%	16.15%	-3.89%	8.89%	-5.40%	24.89%
IDLV Invesco S&P International Developed Low Volatility ETF	2.63%	27.77%	2.15%	9.18%	-12.21%	9.76%	-9.78%	20.09%	-8.02%	22.01%

Correlation

The correlation between EELV and IDLV is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 18, 2012	0.71

The correlation between EELV and IDLV has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

EELV vs. IDLV - Sectors Allocation Comparison

Sectors	EELV	IDLV
Financial Services	37.4%	22.9%
Consumer Defensive	10.8%	13.8%
Communication Services	9.6%	8.6%
Utilities	9.6%	11.4%
Industrials	8.9%	16.4%
Energy	6.5%	3.6%
Healthcare	5.4%	1.7%
Basic Materials	5.3%	2.3%
Consumer Cyclical	3.8%	3.8%
Real Estate	2.6%	15.4%
Technology	0.2%	0.7%

Return for Risk

EELV vs. IDLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EELV

EELV Risk / Return Rank: 38
EELV Sharpe Ratio Rank: 39
EELV Sortino Ratio Rank: 38
EELV Omega Ratio Rank: 38
EELV Calmar Ratio Rank: 37
EELV Martin Ratio Rank: 39

IDLV

IDLV Risk / Return Rank: 27
IDLV Sharpe Ratio Rank: 27
IDLV Sortino Ratio Rank: 26
IDLV Omega Ratio Rank: 27
IDLV Calmar Ratio Rank: 26
IDLV Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EELV vs. IDLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Emerging Markets Low Volatility ETF (EELV) and Invesco S&P International Developed Low Volatility ETF (IDLV). 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.

	EELV	IDLV	Difference
Sharpe ratio: Return per unit of total volatility	1.35	0.96	+0.39
Sortino ratio: Return per unit of downside risk	1.93	1.41	+0.52
Omega ratio: Gain probability vs. loss probability	1.25	1.18	+0.07
Calmar ratio: Return relative to maximum drawdown	1.79	1.25	+0.54
Martin ratio: Return relative to average drawdown	6.02	3.66	+2.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EELV vs. IDLV - Sharpe Ratio Comparison

The current EELV Sharpe Ratio is 1.35, which is higher than the IDLV Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of EELV and IDLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EELV	IDLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	0.96	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.51	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.38	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.45	-0.14

Drawdowns

EELV vs. IDLV - Drawdown Comparison

The maximum EELV drawdown since its inception was -36.35%, roughly equal to the maximum IDLV drawdown of -34.65%. Use the drawdown chart below to compare losses from any high point for EELV and IDLV.

Drawdown Indicators

	EELV	IDLV	Difference
Max Drawdown Largest peak-to-trough decline	-36.35%	-34.65%	-1.70%
Max Drawdown (1Y) Largest decline over 1 year	-8.22%	-7.54%	-0.68%
Max Drawdown (3Y) Largest decline over 3 years	-11.79%	-9.97%	-1.82%
Max Drawdown (5Y) Largest decline over 5 years	-19.04%	-22.52%	+3.48%
Max Drawdown (10Y) Largest decline over 10 years	-36.35%	-34.65%	-1.70%
Current Drawdown Current decline from peak	-4.24%	-5.69%	+1.45%
Average Drawdown Average peak-to-trough decline	-8.93%	-5.95%	-2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	2.57%	-0.13%

Volatility

EELV vs. IDLV - Volatility Comparison

Invesco S&P Emerging Markets Low Volatility ETF (EELV) has a higher volatility of 3.39% compared to Invesco S&P International Developed Low Volatility ETF (IDLV) at 2.51%. This indicates that EELV's price experiences larger fluctuations and is considered to be riskier than IDLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EELV	IDLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	2.51%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	9.03%	7.65%	+1.38%
Volatility (1Y) Calculated over the trailing 1-year period	10.88%	9.76%	+1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.36%	11.79%	-0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.64%	13.39%	+0.25%

EELV vs. IDLV - Expense Ratio Comparison

EELV has a 0.30% expense ratio, which is higher than IDLV's 0.25% expense ratio.

Dividends

EELV vs. IDLV - Dividend Comparison

EELV's dividend yield for the trailing twelve months is around 3.58%, less than IDLV's 4.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EELV Invesco S&P Emerging Markets Low Volatility ETF	3.58%	3.75%	4.70%	4.00%	3.45%	4.35%	2.82%	3.14%	5.50%	2.92%	2.29%	2.53%
IDLV Invesco S&P International Developed Low Volatility ETF	4.69%	4.63%	3.41%	3.59%	4.69%	2.99%	2.30%	4.92%	3.94%	3.05%	3.92%	3.93%

Frequently Asked Questions

Can I hold both EELV and IDLV in my portfolio?

EELV and IDLV have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EELV or IDLV?

EELV has higher volatility (3.39%) compared to IDLV (2.51%). In terms of maximum drawdown, EELV dropped -36.35% vs IDLV's -34.65%.

Which ETF is better, EELV or IDLV?

On 10-year performance, EELV leads with 6.55% vs 5.05% for IDLV. On fees, IDLV is cheaper at 0.25% per year. On volatility, IDLV has been the lower-risk option at 2.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EELV or IDLV?

Over the 10-year period, EELV has performed better with a 6.55% return vs 5.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EELV or IDLV?

IDLV is cheaper with a 0.25% expense ratio, compared with 0.30% for EELV.

Which ETF pays a higher dividend yield, EELV or IDLV?

IDLV has the higher dividend yield at 4.69%, compared with 3.58% for EELV.

What is the main difference between EELV and IDLV?

EELV tracks S&P BMI Emerging Markets Low Volatility Index, while IDLV tracks S&P BMI International Developed Low Volatility Index. Their fees differ too: 0.30% for EELV and 0.25% for IDLV.

Which has better risk-adjusted returns?

EELV currently has the higher Sharpe Ratio (1.35 vs 0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.