GVUS vs. SPLV
GVUS (Goldman Sachs MarketBeta Russell 1000 Value Equity ETF) and SPLV (Invesco S&P 500 Low Volatility ETF) are both exchange-traded funds - GVUS is a Large Cap Value Equities fund tracking the Russell 1000 Value 40 Act Daily Capped Index - Benchmark TR Gross, while SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index. Both are passively managed. Over the past year, GVUS returned 28.38% vs 4.45% for SPLV. A 0.66 correlation means they provide meaningful diversification when combined. GVUS charges 0.12%/yr vs 0.25%/yr for SPLV.
Performance
GVUS vs. SPLV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GVUS achieves a 15.43% return, which is significantly higher than SPLV's 5.06% return.
GVUS
- 1D
- -0.93%
- 1M
- 2.38%
- YTD
- 15.43%
- 6M
- 14.79%
- 1Y
- 28.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPLV
- 1D
- 1.32%
- 1M
- 0.35%
- YTD
- 5.06%
- 6M
- 4.84%
- 1Y
- 4.45%
- 3Y*
- 8.50%
- 5Y*
- 6.37%
- 10Y*
- 8.38%
GVUS vs. SPLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GVUS Goldman Sachs MarketBeta Russell 1000 Value Equity ETF | 15.43% | 15.90% | 14.08% | 5.51% |
SPLV Invesco S&P 500 Low Volatility ETF | 5.06% | 4.10% | 13.93% | 3.46% |
Correlation
The correlation between GVUS and SPLV is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023 | 0.66 |
The correlation between GVUS and SPLV shifts across timeframes, from 0.47 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GVUS vs. SPLV — Risk / Return Rank
GVUS
SPLV
GVUS vs. SPLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) 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.
| GVUS | SPLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.10 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.08 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | 0.60 | +3.66 |
| Martin ratioReturn relative to average drawdown | 17.63 | 1.39 | +16.24 |
Loading charts...
Drawdowns
GVUS vs. SPLV - Drawdown Comparison
The maximum GVUS drawdown since its inception was -15.82%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for GVUS and SPLV.
Loading charts...
Drawdown Indicators
| GVUS | SPLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.82% | -36.26% | +20.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -7.41% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.64% | — |
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 | -1.00% | -3.47% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -3.55% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 3.20% | -1.59% |
Volatility
GVUS vs. SPLV - Volatility Comparison
The current volatility for Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) is 3.89%, while Invesco S&P 500 Low Volatility ETF (SPLV) has a volatility of 4.26%. This indicates that GVUS 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.
Loading charts...
Volatility by Period
| GVUS | SPLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 4.26% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.65% | 7.38% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 10.28% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.33% | 12.50% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.33% | 15.39% | -2.06% |
GVUS vs. SPLV - Expense Ratio Comparison
GVUS has a 0.12% 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%.
Dividends
GVUS vs. SPLV - Dividend Comparison
GVUS's dividend yield for the trailing twelve months is around 1.56%, less than SPLV's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVUS Goldman Sachs MarketBeta Russell 1000 Value Equity ETF | 1.56% | 1.77% | 2.04% | 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 | 2.16% | 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
GVUS and SPLV have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPLV has higher volatility (4.26%) compared to GVUS (3.89%). In terms of maximum drawdown, GVUS dropped -15.82% vs SPLV's -36.26%.
On 1-year performance, GVUS leads with 28.38% vs 4.45% for SPLV. On fees, GVUS is cheaper at 0.12% per year. On volatility, GVUS has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GVUS has performed better with a 28.38% return vs 4.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GVUS is cheaper with a 0.12% expense ratio, compared with 0.25% for SPLV.
SPLV has the higher dividend yield at 2.16%, compared with 1.56% for GVUS.
GVUS is categorized as Large Cap Value Equities, while SPLV is S&P 500. GVUS tracks Russell 1000 Value 40 Act Daily Capped Index - Benchmark TR Gross, while SPLV tracks S&P 500 Low Volatility Index. They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.12% for GVUS and 0.25% for SPLV.
GVUS currently has the higher Sharpe Ratio (2.54 vs 0.44), 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.
Find the right allocation for GVUS and SPLV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer