IDLV vs. SPLV

Last updated Jun 3, 2026

IDLV (Invesco S&P International Developed Low Volatility ETF) and SPLV (Invesco S&P 500 Low Volatility ETF) are both exchange-traded funds - IDLV is a Volatility Hedged Equity fund tracking the S&P BMI International Developed Low Volatility Index, while SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index. Both are passively managed. Over the past 10 years, IDLV returned 5.15%/yr vs 8.01%/yr for SPLV. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

IDLV vs. SPLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Low Volatility ETF (IDLV) and Invesco S&P 500 Low Volatility ETF (SPLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDLV achieves a 2.61% return, which is significantly higher than SPLV's 1.23% return. Over the past 10 years, IDLV has underperformed SPLV with an annualized return of 5.15%, while SPLV has yielded a comparatively higher 8.01% annualized return.

IDLV

• 1D: 0.03%
• 1M: -2.80%
• YTD: 2.61%
• 6M: 4.64%
• 1Y: 8.77%
• 3Y*: 11.84%
• 5Y*: 6.16%
• 10Y*: 5.15%

SPLV

• 1D: 0.46%
• 1M: -3.22%
• YTD: 1.23%
• 6M: 0.93%
• 1Y: -0.33%
• 3Y*: 7.51%
• 5Y*: 5.41%
• 10Y*: 8.01%

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

IDLV vs. SPLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDLV Invesco S&P International Developed Low Volatility ETF	2.61%	27.77%	2.15%	9.18%	-12.21%	9.76%	-9.78%	20.09%	-8.02%	22.01%
SPLV Invesco S&P 500 Low Volatility ETF	1.23%	4.10%	13.93%	0.53%	-4.88%	24.13%	-1.39%	27.87%	-0.19%	17.32%

Correlation

The correlation between IDLV and SPLV is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jan 18, 2012	0.63

The correlation between IDLV and SPLV has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.

IDLV vs. SPLV - Sectors Allocation Comparison

Sectors	IDLV	SPLV
Financial Services	22.9%	16.6%
Industrials	16.4%	10.1%
Real Estate	15.4%	14.8%
Consumer Defensive	13.8%	10.8%
Utilities	11.4%	26.8%
Communication Services	8.6%	0.9%
Consumer Cyclical	3.8%	5.7%
Energy	3.6%	0.9%
Basic Materials	2.3%	2.0%
Healthcare	1.7%	6.8%
Technology	0.7%	4.6%

Return for Risk

IDLV vs. SPLV — Risk / Return Rank

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

IDLV

IDLV Risk / Return Rank: 26
IDLV Sharpe Ratio Rank: 26
IDLV Sortino Ratio Rank: 25
IDLV Omega Ratio Rank: 24
IDLV Calmar Ratio Rank: 26
IDLV Martin Ratio Rank: 27

SPLV

SPLV Risk / Return Rank: 8
SPLV Sharpe Ratio Rank: 8
SPLV Sortino Ratio Rank: 8
SPLV Omega Ratio Rank: 8
SPLV Calmar Ratio Rank: 8
SPLV Martin Ratio Rank: 8

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.

IDLV vs. SPLV - Risk-Adjusted Trends Comparison

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

	IDLV	SPLV	Difference
Sharpe ratio Return per unit of total volatility	0.90	-0.03	+0.93
Sortino ratio Return per unit of downside risk	1.32	0.02	+1.30
Omega ratio Gain probability vs. loss probability	1.16	1.00	+0.16
Calmar ratio Return relative to maximum drawdown	1.30	-0.05	+1.35
Martin ratio Return relative to average drawdown	3.90	-0.11	+4.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDLV vs. SPLV - Sharpe Ratio Comparison

The current IDLV Sharpe Ratio is 0.90, which is higher than the SPLV Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of IDLV and SPLV, 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

	IDLV	SPLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	-0.03	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.44	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.52	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.68	-0.23

Drawdowns

IDLV vs. SPLV - Drawdown Comparison

The maximum IDLV drawdown since its inception was -34.65%, roughly equal to the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for IDLV and SPLV.

Drawdown Indicators

	IDLV	SPLV	Difference
Max Drawdown Largest peak-to-trough decline	-34.65%	-36.26%	+1.61%
Max Drawdown (1Y) Largest decline over 1 year	-7.54%	-7.41%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-9.97%	-9.64%	-0.33%
Max Drawdown (5Y) Largest decline over 5 years	-22.52%	-17.26%	-5.26%
Max Drawdown (10Y) Largest decline over 10 years	-34.65%	-36.26%	+1.61%
Current Drawdown Current decline from peak	-5.70%	-6.98%	+1.28%
Average Drawdown Average peak-to-trough decline	-5.95%	-3.55%	-2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	3.03%	-0.51%

Volatility

IDLV vs. SPLV - Volatility Comparison

Invesco S&P International Developed Low Volatility ETF (IDLV) and Invesco S&P 500 Low Volatility ETF (SPLV) have volatilities of 2.86% and 3.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDLV	SPLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	3.00%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	7.69%	6.89%	+0.80%
Volatility (1Y) Calculated over the trailing 1-year period	9.83%	9.78%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.80%	12.45%	-0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.40%	15.36%	-1.96%

IDLV vs. SPLV - Expense Ratio Comparison

Both IDLV and SPLV have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IDLV vs. SPLV - Dividend Comparison

IDLV's dividend yield for the trailing twelve months is around 4.70%, more than SPLV's 2.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDLV Invesco S&P International Developed Low Volatility ETF	4.70%	4.63%	3.41%	3.59%	4.69%	2.99%	2.30%	4.92%	3.94%	3.05%	3.92%	3.93%
SPLV Invesco S&P 500 Low Volatility ETF	2.23%	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

Can I hold both IDLV and SPLV in my portfolio?

IDLV and SPLV have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDLV or SPLV?

SPLV has higher volatility (3.00%) compared to IDLV (2.86%). In terms of maximum drawdown, IDLV dropped -34.65% vs SPLV's -36.26%.

Which ETF is better, IDLV or SPLV?

On 10-year performance, SPLV leads with 8.01% vs 5.15% for IDLV. Both ETFs have the same 0.25% expense ratio. On volatility, IDLV has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDLV or SPLV?

Over the 10-year period, SPLV has performed better with a 8.01% return vs 5.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDLV or SPLV?

IDLV and SPLV have the same expense ratio: 0.25% per year.

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

IDLV has the higher dividend yield at 4.70%, compared with 2.23% for SPLV.

What is the main difference between IDLV and SPLV?

IDLV is categorized as Volatility Hedged Equity, while SPLV is S&P 500. IDLV tracks S&P BMI International Developed Low Volatility Index, while SPLV tracks S&P 500 Low Volatility Index.

Which has better risk-adjusted returns?

IDLV currently has the higher Sharpe Ratio (0.90 vs -0.03), 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.