IDMO vs. SPLV
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 13.04%/yr vs 8.50%/yr for SPLV. At a 0.36 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
IDMO vs. SPLV - Performance Comparison
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Returns By Period
In the year-to-date period, IDMO achieves a 9.71% return, which is significantly higher than SPLV's 6.04% return. Over the past 10 years, IDMO has outperformed SPLV with an annualized return of 13.04%, while SPLV has yielded a comparatively lower 8.50% annualized return.
IDMO
- 1D
- 1.25%
- 1M
- -0.51%
- YTD
- 9.71%
- 6M
- 8.67%
- 1Y
- 24.80%
- 3Y*
- 26.44%
- 5Y*
- 15.55%
- 10Y*
- 13.04%
SPLV
- 1D
- 0.28%
- 1M
- 1.57%
- YTD
- 6.04%
- 6M
- 5.33%
- 1Y
- 6.67%
- 3Y*
- 8.68%
- 5Y*
- 6.42%
- 10Y*
- 8.50%
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 | 9.71% | 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 | 6.04% | 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 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | 0.36 |
The correlation between IDMO and SPLV shifts across timeframes, from 0.18 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IDMO vs. SPLV — Risk / Return Rank
IDMO
SPLV
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.
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.
| IDMO | SPLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.12 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 0.90 | +1.12 |
| Martin ratioReturn relative to average drawdown | 8.15 | 2.08 | +6.07 |
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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.
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Drawdown Indicators
| IDMO | SPLV | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -2.65% | -2.57% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -3.55% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 3.21% | -0.16% |
Volatility
IDMO vs. SPLV - Volatility Comparison
Invesco S&P International Developed Momentum ETF (IDMO) has a higher volatility of 7.77% compared to Invesco S&P 500 Low Volatility ETF (SPLV) at 4.27%. 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.
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Volatility by Period
| IDMO | SPLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 4.27% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 16.41% | 7.37% | +9.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.15% | 10.23% | +7.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 12.50% | +5.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 15.38% | +2.58% |
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 3.64%, more than SPLV's 2.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 3.64% | 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 | 2.14% | 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
IDMO and SPLV have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDMO has higher volatility (7.77%) compared to SPLV (4.27%). In terms of maximum drawdown, IDMO dropped -39.38% vs SPLV's -36.26%.
On 10-year performance, IDMO leads with 13.04% vs 8.50% for SPLV. Both ETFs have the same 0.25% expense ratio. On volatility, SPLV has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IDMO has performed better with a 13.04% return vs 8.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDMO and SPLV have the same expense ratio: 0.25% per year.
IDMO has the higher dividend yield at 3.64%, compared with 2.14% for 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.
IDMO currently has the higher Sharpe Ratio (1.37 vs 0.66), 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.
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