LGLV vs. SPMV

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) and Invesco S&P 500 Minimum Variance ETF (SPMV).

LGLV and SPMV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LGLV is a passively managed fund by State Street that tracks the performance of the SSGA US Large Cap Low Volatility (TR). It was launched on Feb 20, 2013. SPMV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Minimum Volatility Index. It was launched on Jul 13, 2017. Both LGLV and SPMV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

LGLV vs. SPMV - 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 500 Minimum Variance ETF (SPMV). The values are adjusted to include any dividend payments, if applicable.

LGLV vs. SPMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	2.00%	8.37%	16.22%	9.19%	-8.17%	27.95%	7.42%	30.83%	0.32%	7.81%
SPMV Invesco S&P 500 Minimum Variance ETF	0.87%	11.69%	18.78%	10.28%	-10.84%	24.35%	8.57%	32.13%	-6.28%	7.84%

Returns By Period

LGLV

• 1D: 1.10%
• 1M: -5.28%
• YTD: 2.00%
• 6M: 1.06%
• 1Y: 4.45%
• 3Y*: 11.46%
• 5Y*: 9.25%
• 10Y*: 11.24%

SPMV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LGLV vs. SPMV - Expense Ratio Comparison

LGLV has a 0.12% expense ratio, which is higher than SPMV's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

LGLV

SPDR SSGA US Large Cap Low Volatility Index ETF

SPMV

Invesco S&P 500 Minimum Variance ETF

Return for Risk

LGLV vs. SPMV — Risk / Return Rank

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

LGLV

LGLV Risk / Return Rank: 25
LGLV Sharpe Ratio Rank: 23
LGLV Sortino Ratio Rank: 22
LGLV Omega Ratio Rank: 22
LGLV Calmar Ratio Rank: 27
LGLV Martin Ratio Rank: 30

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. SPMV - 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 500 Minimum Variance ETF (SPMV). 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	SPMV	Difference
Sharpe ratio Return per unit of total volatility	0.35	—	—
Sortino ratio Return per unit of downside risk	0.58	—	—
Omega ratio Gain probability vs. loss probability	1.08	—	—
Calmar ratio Return relative to maximum drawdown	0.58	—	—
Martin ratio Return relative to average drawdown	2.44	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LGLV	SPMV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	—	—

Correlation

The correlation between LGLV and SPMV is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

LGLV vs. SPMV - Dividend Comparison

LGLV's dividend yield for the trailing twelve months is around 2.02%, more than SPMV's 1.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	2.02%	1.94%	1.93%	2.03%	1.95%	1.65%	1.98%	1.89%	2.09%	4.39%	2.54%	2.97%
SPMV Invesco S&P 500 Minimum Variance ETF	1.45%	1.53%	1.53%	2.28%	1.79%	1.28%	1.71%	3.13%	2.11%	1.72%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	LGLV	SPMV	Difference
Max Drawdown Largest peak-to-trough decline	-36.64%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.49%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.64%	—	—
Current Drawdown Current decline from peak	-5.52%	—	—
Average Drawdown Average peak-to-trough decline	-3.19%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	—	—

Volatility

Volatility by Period

	LGLV	SPMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.78%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.93%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.10%	—	—