LGLV vs. SPMV

Last updated Aug 2, 2026

LGLV (SPDR SSGA US Large Cap Low Volatility Index ETF) and SPMV (Invesco S&P 500 Minimum Variance ETF) are both exchange-traded funds - LGLV is a Low Volatility fund tracking the State Street U.S. Large Cap Low Volatility Index, while SPMV is a S&P 500 fund tracking the S&P 500 Minimum Volatility Index. Both are passively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. LGLV charges 0.12%/yr vs 0.10%/yr for SPMV.

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.

Returns By Period

LGLV

• 1D: 0.02%
• 1M: 0.47%
• 6M: 3.70%
• YTD: 7.61%
• 1Y: 10.51%
• 3Y*: 11.84%
• 5Y*: 8.32%
• 10Y*: 11.19%
• ALL TIME*: 11.95%

SPMV

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	$5.56M	$4.60M	$5.45M

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	7.61%	8.37%	16.22%	9.19%	-8.17%	27.95%	7.42%	30.83%	0.32%	7.36%
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%

Correlation

The correlation between LGLV and SPMV is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (All Time) Calculated using the full available price history since Aug 24, 2017	0.78

Over the past year, the correlation between LGLV and SPMV has dropped to 0.43 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

LGLV vs. SPMV - Sectors Allocation Comparison

Sectors	LGLV	SPMV
Industrials	18.7%	6.0%
Real Estate	17.8%	0.2%
Utilities	11.8%	2.8%
Financial Services	10.0%	17.8%
Consumer Cyclical	9.1%	6.6%
Technology	9.0%	26.9%
Healthcare	7.3%	15.0%
Consumer Defensive	5.6%	10.7%
Communication Services	3.9%	6.5%
Energy	3.5%	4.8%
Basic Materials	3.4%	2.6%

Return for Risk

LGLV vs. SPMV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LGLV

LGLV Risk / Return Rank: 39
LGLV Sharpe Ratio Rank: 40
LGLV Sortino Ratio Rank: 41
LGLV Omega Ratio Rank: 37
LGLV Calmar Ratio Rank: 42
LGLV Martin Ratio Rank: 35

SPMV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	LGLV	SPMV	Difference
Sharpe ratio: Return per unit of total volatility	0.99	—	—
Sortino ratio: Return per unit of downside risk	1.53	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.47	—	—
Martin ratio: Return relative to average drawdown	3.41	—	—

Drawdowns

Drawdown Indicators

	LGLV	SPMV	Difference
Max Drawdown Largest peak-to-trough decline	-36.64%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.17%	—	—
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	-2.14%	—	—
Average Drawdown Average peak-to-trough decline	-3.21%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	—	—

Volatility

Volatility by Period

	LGLV	SPMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.03%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.09%	—	—

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%.

Dividends

LGLV vs. SPMV - Dividend Comparison

LGLV's dividend yield for the trailing twelve months is around 1.99%, while SPMV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	1.99%	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	1.05%	1.53%	1.53%	2.28%	1.79%	1.28%	1.71%	3.13%	2.11%	1.72%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LGLV and SPMV in my portfolio?

LGLV and SPMV have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LGLV or SPMV?

On fees, SPMV is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LGLV or SPMV?

SPMV is cheaper with a 0.10% expense ratio, compared with 0.12% for LGLV.

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

LGLV has the higher dividend yield at 1.99%, compared with 1.05% for SPMV.

What is the main difference between LGLV and SPMV?

LGLV is categorized as Low Volatility, while SPMV is S&P 500. LGLV tracks State Street U.S. Large Cap Low Volatility Index, while SPMV tracks S&P 500 Minimum Volatility Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.12% for LGLV and 0.10% for SPMV.