ITDD vs. SPLV
ITDD (Ishares Lifepath Target Date 2040 ETF) and SPLV (Invesco S&P 500 Low Volatility ETF) are both exchange-traded funds - ITDD is a Target Retirement Date fund actively managed by iShares, while SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index. ITDD is actively managed, while SPLV is passively managed. Over the past year, ITDD returned 20.04% vs 4.45% for SPLV. At a 0.43 correlation, their price movements are largely independent. ITDD charges 0.11%/yr vs 0.25%/yr for SPLV.
Performance
ITDD vs. SPLV - Performance Comparison
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Returns By Period
In the year-to-date period, ITDD achieves a 8.11% return, which is significantly higher than SPLV's 5.06% return.
ITDD
- 1D
- -1.22%
- 1M
- 0.09%
- YTD
- 8.11%
- 6M
- 7.50%
- 1Y
- 20.04%
- 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%
ITDD vs. SPLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ITDD Ishares Lifepath Target Date 2040 ETF | 8.11% | 17.66% | 13.08% | 12.87% |
SPLV Invesco S&P 500 Low Volatility ETF | 5.06% | 4.10% | 13.93% | 6.82% |
Correlation
The correlation between ITDD and SPLV is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.43 |
Over the past year, the correlation between ITDD and SPLV has dropped to 0.22 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
ITDD vs. SPLV — Risk / Return Rank
ITDD
SPLV
ITDD vs. SPLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2040 ETF (ITDD) 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.
| ITDD | SPLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.08 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 0.60 | +2.06 |
| Martin ratioReturn relative to average drawdown | 11.44 | 1.39 | +10.05 |
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Drawdowns
ITDD vs. SPLV - Drawdown Comparison
The maximum ITDD drawdown since its inception was -12.46%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for ITDD and SPLV.
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Drawdown Indicators
| ITDD | SPLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.46% | -36.26% | +23.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -7.41% | -0.15% |
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 | -1.59% | -3.47% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -3.55% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 3.20% | -1.44% |
Volatility
ITDD vs. SPLV - Volatility Comparison
Ishares Lifepath Target Date 2040 ETF (ITDD) and Invesco S&P 500 Low Volatility ETF (SPLV) have volatilities of 4.07% and 4.26%, 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.
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Volatility by Period
| ITDD | SPLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 4.26% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 7.38% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 10.28% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.56% | 12.50% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.56% | 15.39% | -3.83% |
ITDD vs. SPLV - Expense Ratio Comparison
ITDD has a 0.11% 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
ITDD vs. SPLV - Dividend Comparison
ITDD's dividend yield for the trailing twelve months is around 1.69%, less than SPLV's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITDD Ishares Lifepath Target Date 2040 ETF | 1.69% | 1.82% | 1.56% | 0.89% | 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
ITDD and SPLV have a correlation of 0.22, 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 ITDD (4.07%). In terms of maximum drawdown, ITDD dropped -12.46% vs SPLV's -36.26%.
On 1-year performance, ITDD leads with 20.04% vs 4.45% for SPLV. On fees, ITDD is cheaper at 0.11% per year. On volatility, ITDD has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ITDD has performed better with a 20.04% return vs 4.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITDD is cheaper with a 0.11% expense ratio, compared with 0.25% for SPLV.
SPLV has the higher dividend yield at 2.16%, compared with 1.69% for ITDD.
ITDD is categorized as Target Retirement Date, while SPLV is S&P 500. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.11% for ITDD and 0.25% for SPLV.
ITDD currently has the higher Sharpe Ratio (1.96 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.
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