LGLV vs. IDLV

Last updated Jun 4, 2026

LGLV (SPDR SSGA US Large Cap Low Volatility Index ETF) and IDLV (Invesco S&P International Developed Low Volatility ETF) are both Volatility Hedged Equity funds - LGLV tracks the SSGA US Large Cap Low Volatility (TR) while IDLV tracks the S&P BMI International Developed Low Volatility Index. Both are passively managed. Over the past 10 years, LGLV returned 11.00%/yr vs 5.12%/yr for IDLV. A 0.63 correlation means they provide meaningful diversification when combined. LGLV charges 0.12%/yr vs 0.25%/yr for IDLV.

Performance

LGLV vs. IDLV - Performance Comparison

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

Returns By Period

In the year-to-date period, LGLV achieves a 0.83% return, which is significantly lower than IDLV's 2.35% return. Over the past 10 years, LGLV has outperformed IDLV with an annualized return of 11.00%, while IDLV has yielded a comparatively lower 5.12% annualized return.

LGLV

• 1D: -0.06%
• 1M: -1.79%
• YTD: 0.83%
• 6M: 1.07%
• 1Y: 2.87%
• 3Y*: 11.07%
• 5Y*: 7.70%
• 10Y*: 11.00%

IDLV

• 1D: -0.26%
• 1M: -1.99%
• YTD: 2.35%
• 6M: 4.22%
• 1Y: 9.36%
• 3Y*: 11.74%
• 5Y*: 5.88%
• 10Y*: 5.12%

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

LGLV vs. IDLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	0.83%	8.37%	16.22%	9.19%	-8.17%	27.95%	7.42%	30.83%	0.32%	17.84%
IDLV Invesco S&P International Developed Low Volatility ETF	2.35%	27.77%	2.15%	9.18%	-12.21%	9.76%	-9.78%	20.09%	-8.02%	22.01%

Correlation

The correlation between LGLV and IDLV is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Feb 22, 2013	0.63

The correlation between LGLV and IDLV has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.

LGLV vs. IDLV - Sectors Allocation Comparison

Sectors	LGLV	IDLV
Industrials	18.4%	16.4%
Real Estate	17.4%	15.4%
Utilities	11.8%	11.4%
Financial Services	9.9%	22.9%
Consumer Cyclical	9.4%	3.8%
Technology	8.8%	0.7%
Healthcare	7.0%	1.7%
Consumer Defensive	5.9%	13.8%
Communication Services	4.2%	8.6%
Energy	3.7%	3.6%
Basic Materials	3.5%	2.3%

Return for Risk

LGLV vs. IDLV — Risk / Return Rank

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

LGLV

LGLV Risk / Return Rank: 13
LGLV Sharpe Ratio Rank: 13
LGLV Sortino Ratio Rank: 12
LGLV Omega Ratio Rank: 12
LGLV Calmar Ratio Rank: 14
LGLV Martin Ratio Rank: 14

IDLV

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

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.

LGLV vs. IDLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) and Invesco S&P International Developed Low Volatility ETF (IDLV). 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.

	LGLV	IDLV	Difference
Sharpe ratio Return per unit of total volatility	0.31	0.96	-0.65
Sortino ratio Return per unit of downside risk	0.51	1.41	-0.89
Omega ratio Gain probability vs. loss probability	1.06	1.18	-0.12
Calmar ratio Return relative to maximum drawdown	0.42	1.25	-0.83
Martin ratio Return relative to average drawdown	1.08	3.69	-2.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGLV vs. IDLV - Sharpe Ratio Comparison

The current LGLV Sharpe Ratio is 0.31, which is lower than the IDLV Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of LGLV and IDLV, 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

	LGLV	IDLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	0.96	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.50	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.38	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.45	+0.32

Drawdowns

LGLV vs. IDLV - Drawdown Comparison

The maximum LGLV drawdown since its inception was -36.64%, which is greater than IDLV's maximum drawdown of -34.65%. Use the drawdown chart below to compare losses from any high point for LGLV and IDLV.

Drawdown Indicators

	LGLV	IDLV	Difference
Max Drawdown Largest peak-to-trough decline	-36.64%	-34.65%	-1.99%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-7.54%	+0.68%
Max Drawdown (3Y) Largest decline over 3 years	-10.17%	-9.97%	-0.20%
Max Drawdown (5Y) Largest decline over 5 years	-17.49%	-22.52%	+5.03%
Max Drawdown (10Y) Largest decline over 10 years	-36.64%	-34.65%	-1.99%
Current Drawdown Current decline from peak	-6.60%	-5.95%	-0.65%
Average Drawdown Average peak-to-trough decline	-3.21%	-5.95%	+2.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	2.54%	+0.13%

Volatility

LGLV vs. IDLV - Volatility Comparison

The current volatility for SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) is 2.42%, while Invesco S&P International Developed Low Volatility ETF (IDLV) has a volatility of 2.69%. This indicates that LGLV experiences smaller price fluctuations and is considered to be less risky than IDLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGLV	IDLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.42%	2.69%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	6.52%	7.65%	-1.13%
Volatility (1Y) Calculated over the trailing 1-year period	9.20%	9.79%	-0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.91%	11.80%	+1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.06%	13.40%	+2.66%

LGLV vs. IDLV - Expense Ratio Comparison

LGLV has a 0.12% expense ratio, which is lower than IDLV'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

LGLV vs. IDLV - Dividend Comparison

LGLV's dividend yield for the trailing twelve months is around 2.04%, less than IDLV's 4.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDLV Invesco S&P International Developed Low Volatility ETF	4.71%	4.63%	3.41%	3.59%	4.69%	2.99%	2.30%	4.92%	3.94%	3.05%	3.92%	3.93%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	2.04%	1.94%	1.93%	2.03%	1.95%	1.65%	1.98%	1.89%	2.09%	4.39%	2.54%	2.97%

Frequently Asked Questions

Can I hold both LGLV and IDLV in my portfolio?

LGLV and IDLV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGLV or IDLV?

IDLV has higher volatility (2.69%) compared to LGLV (2.42%). In terms of maximum drawdown, LGLV dropped -36.64% vs IDLV's -34.65%.

Which ETF is better, LGLV or IDLV?

On 10-year performance, LGLV leads with 11.00% vs 5.12% for IDLV. On fees, LGLV is cheaper at 0.12% per year. On volatility, LGLV has been the lower-risk option at 2.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGLV or IDLV?

Over the 10-year period, LGLV has performed better with a 11.00% return vs 5.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGLV or IDLV?

LGLV is cheaper with a 0.12% expense ratio, compared with 0.25% for IDLV.

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

IDLV has the higher dividend yield at 4.71%, compared with 2.04% for LGLV.

What is the main difference between LGLV and IDLV?

LGLV tracks SSGA US Large Cap Low Volatility (TR), while IDLV tracks S&P BMI International Developed Low Volatility Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.12% for LGLV and 0.25% for IDLV.

Which has better risk-adjusted returns?

IDLV currently has the higher Sharpe Ratio (0.96 vs 0.31), 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.