IDMO vs. SPLV

Last updated Jun 5, 2026

IDMO (Invesco S&P International Developed Momentum ETF) and SPLV (Invesco S&P 500 Low Volatility ETF) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap 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, IDMO returned 12.04%/yr vs 8.12%/yr for SPLV. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

IDMO vs. SPLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Momentum ETF (IDMO) 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, IDMO achieves a 8.19% return, which is significantly higher than SPLV's 2.34% return. Over the past 10 years, IDMO has outperformed SPLV with an annualized return of 12.04%, while SPLV has yielded a comparatively lower 8.12% annualized return.

IDMO

• 1D: 0.42%
• 1M: 1.27%
• YTD: 8.19%
• 6M: 12.09%
• 1Y: 23.26%
• 3Y*: 26.17%
• 5Y*: 15.63%
• 10Y*: 12.04%

SPLV

• 1D: 1.00%
• 1M: -1.54%
• YTD: 2.34%
• 6M: 2.40%
• 1Y: 1.57%
• 3Y*: 7.86%
• 5Y*: 5.54%
• 10Y*: 8.12%

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

IDMO vs. SPLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDMO Invesco S&P International Developed Momentum ETF	8.19%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%
SPLV Invesco S&P 500 Low Volatility ETF	2.34%	4.10%	13.93%	0.53%	-4.88%	24.13%	-1.39%	27.87%	-0.19%	17.32%

Correlation

The correlation between IDMO and SPLV is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Feb 27, 2012	0.37

The correlation between IDMO and SPLV shifts across timeframes, from 0.25 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

IDMO vs. SPLV - Sectors Allocation Comparison

Sectors	IDMO	SPLV
Financial Services	42.4%	16.6%
Industrials	22.6%	10.1%
Basic Materials	10.2%	2.0%
Utilities	8.4%	26.8%
Technology	5.3%	4.6%
Consumer Defensive	2.5%	10.8%
Communication Services	2.2%	0.9%
Real Estate	2.0%	14.8%
Energy	1.9%	0.9%
Consumer Cyclical	1.4%	5.7%
Healthcare	1.2%	6.8%

Return for Risk

IDMO vs. SPLV — Risk / Return Rank

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

IDMO

IDMO Risk / Return Rank: 42
IDMO Sharpe Ratio Rank: 40
IDMO Sortino Ratio Rank: 41
IDMO Omega Ratio Rank: 41
IDMO Calmar Ratio Rank: 40
IDMO Martin Ratio Rank: 48

SPLV

SPLV Risk / Return Rank: 11
SPLV Sharpe Ratio Rank: 12
SPLV Sortino Ratio Rank: 11
SPLV Omega Ratio Rank: 11
SPLV Calmar Ratio Rank: 12
SPLV Martin Ratio Rank: 12

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.

IDMO vs. SPLV - Risk-Adjusted Trends Comparison

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

	IDMO	SPLV	Difference
Sharpe ratio: Return per unit of total volatility	1.38	0.16	+1.22
Sortino ratio: Return per unit of downside risk	2.04	0.29	+1.75
Omega ratio: Gain probability vs. loss probability	1.26	1.03	+0.22
Calmar ratio: Return relative to maximum drawdown	1.90	0.21	+1.69
Martin ratio: Return relative to average drawdown	7.89	0.51	+7.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDMO vs. SPLV - Sharpe Ratio Comparison

The current IDMO Sharpe Ratio is 1.38, which is higher than the SPLV Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of IDMO 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

	IDMO	SPLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	0.16	+1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.45	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.53	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.68	-0.23

Drawdowns

IDMO vs. SPLV - Drawdown Comparison

The maximum IDMO drawdown since its inception was -39.38%, which is greater than SPLV's maximum drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for IDMO and SPLV.

Drawdown Indicators

	IDMO	SPLV	Difference
Max Drawdown Largest peak-to-trough decline	-39.38%	-36.26%	-3.12%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-7.41%	-4.90%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-9.64%	-3.01%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-17.26%	-9.81%
Max Drawdown (10Y) Largest decline over 10 years	-31.34%	-36.26%	+4.92%
Current Drawdown Current decline from peak	-1.90%	-5.97%	+4.07%
Average Drawdown Average peak-to-trough decline	-9.75%	-3.55%	-6.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.07%	-0.12%

Volatility

IDMO vs. SPLV - Volatility Comparison

Invesco S&P International Developed Momentum ETF (IDMO) has a higher volatility of 6.31% compared to Invesco S&P 500 Low Volatility ETF (SPLV) at 3.17%. This indicates that IDMO's price experiences larger fluctuations and is considered to be riskier than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDMO	SPLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.31%	3.17%	+3.14%
Volatility (6M) Calculated over the trailing 6-month period	14.88%	6.82%	+8.06%
Volatility (1Y) Calculated over the trailing 1-year period	16.88%	9.83%	+7.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.83%	12.46%	+5.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	15.36%	+2.75%

IDMO vs. SPLV - Expense Ratio Comparison

Both IDMO 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

IDMO vs. SPLV - Dividend Comparison

IDMO's dividend yield for the trailing twelve months is around 3.52%, more than SPLV's 2.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDMO Invesco S&P International Developed Momentum ETF	3.52%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%
SPLV Invesco S&P 500 Low Volatility ETF	2.20%	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 IDMO and SPLV in my portfolio?

IDMO and SPLV have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDMO or SPLV?

IDMO has higher volatility (6.31%) compared to SPLV (3.17%). In terms of maximum drawdown, IDMO dropped -39.38% vs SPLV's -36.26%.

Which ETF is better, IDMO or SPLV?

On 10-year performance, IDMO leads with 12.04% vs 8.12% for SPLV. Both ETFs have the same 0.25% expense ratio. On volatility, SPLV has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDMO or SPLV?

Over the 10-year period, IDMO has performed better with a 12.04% return vs 8.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDMO or SPLV?

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

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

IDMO has the higher dividend yield at 3.52%, compared with 2.20% for SPLV.

What is the main difference between IDMO and SPLV?

IDMO is categorized as Momentum, while SPLV is S&P 500. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while SPLV tracks S&P 500 Low Volatility Index.

Which has better risk-adjusted returns?

IDMO currently has the higher Sharpe Ratio (1.38 vs 0.16), 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.