EFAV vs. SPLV
Compare and contrast key facts about iShares Edge MSCI Min Vol EAFE ETF (EFAV) and Invesco S&P 500® Low Volatility ETF (SPLV).
EFAV and SPLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EFAV is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Minimum Volatility Index. It was launched on Oct 18, 2011. SPLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Index. It was launched on May 5, 2011. Both EFAV and SPLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EFAV or SPLV.
Correlation
The correlation between EFAV and SPLV is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EFAV vs. SPLV - Performance Comparison
Key characteristics
EFAV:
1.63
SPLV:
1.09
EFAV:
2.22
SPLV:
1.59
EFAV:
1.31
SPLV:
1.23
EFAV:
2.28
SPLV:
1.66
EFAV:
5.64
SPLV:
5.19
EFAV:
3.49%
SPLV:
2.91%
EFAV:
12.14%
SPLV:
13.07%
EFAV:
-27.56%
SPLV:
-36.26%
EFAV:
-1.79%
SPLV:
-2.86%
Returns By Period
In the year-to-date period, EFAV achieves a 15.85% return, which is significantly higher than SPLV's 4.46% return. Over the past 10 years, EFAV has underperformed SPLV with an annualized return of 4.83%, while SPLV has yielded a comparatively higher 9.22% annualized return.
EFAV
15.85%
11.94%
11.37%
19.71%
7.60%
4.83%
SPLV
4.46%
6.86%
1.09%
14.18%
10.29%
9.22%
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EFAV vs. SPLV - Expense Ratio Comparison
EFAV has a 0.20% expense ratio, which is lower than SPLV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
EFAV vs. SPLV — Risk-Adjusted Performance Rank
EFAV
SPLV
EFAV vs. SPLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Min Vol EAFE ETF (EFAV) 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.
Dividends
EFAV vs. SPLV - Dividend Comparison
EFAV's dividend yield for the trailing twelve months is around 2.79%, more than SPLV's 1.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFAV iShares Edge MSCI Min Vol EAFE ETF | 2.79% | 3.24% | 3.07% | 2.53% | 2.47% | 1.33% | 4.19% | 3.34% | 2.45% | 3.94% | 2.49% | 3.57% |
SPLV Invesco S&P 500® Low Volatility ETF | 1.74% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% | 2.20% |
Drawdowns
EFAV vs. SPLV - Drawdown Comparison
The maximum EFAV drawdown since its inception was -27.56%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for EFAV and SPLV. For additional features, visit the drawdowns tool.
Volatility
EFAV vs. SPLV - Volatility Comparison
The current volatility for iShares Edge MSCI Min Vol EAFE ETF (EFAV) is 4.78%, while Invesco S&P 500® Low Volatility ETF (SPLV) has a volatility of 5.93%. This indicates that EFAV experiences smaller price fluctuations and is considered to be less risky than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.