LGLV vs. VFMV

Last updated Aug 2, 2026

LGLV (SPDR SSGA US Large Cap Low Volatility Index ETF) and VFMV (Vanguard U.S. Minimum Volatility ETF) are both Low Volatility funds. LGLV is passively managed, while VFMV is actively managed. Over the past 5 years, LGLV returned 8.32%/yr vs 9.39%/yr for VFMV. Their correlation of 0.88 means they have usually moved in the same direction. LGLV charges 0.12%/yr vs 0.13%/yr for VFMV.

Performance

LGLV vs. VFMV - 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 Vanguard U.S. Minimum Volatility ETF (VFMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGLV achieves a 7.61% return, which is significantly lower than VFMV's 11.10% return.

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%

VFMV

• 1D: 0.45%
• 1M: 2.10%
• 6M: 7.34%
• YTD: 11.10%
• 1Y: 16.07%
• 3Y*: 14.38%
• 5Y*: 9.39%
• 10Y*: —
• ALL TIME*: 10.08%

*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
VFMV Vanguard U.S. Minimum Volatility ETF	$1.77M	$2.11M	$2.29M

LGLV vs. VFMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%	1.55%
VFMV Vanguard U.S. Minimum Volatility ETF	11.10%	10.52%	16.91%	8.86%	-5.73%	20.75%	-0.19%	27.26%	-0.34%

Correlation

The correlation between LGLV and VFMV is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018	0.88

The correlation between LGLV and VFMV has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.

LGLV vs. VFMV - Sectors Allocation Comparison

Sectors	LGLV	VFMV
Industrials	18.7%	10.1%
Real Estate	17.8%	6.4%
Utilities	11.8%	6.7%
Financial Services	10.0%	10.6%
Consumer Cyclical	9.1%	6.9%
Technology	9.0%	25.1%
Healthcare	7.3%	10.1%
Consumer Defensive	5.6%	9.5%
Communication Services	3.9%	10.7%
Energy	3.5%	3.9%
Basic Materials	3.4%	-

Return for Risk

LGLV vs. VFMV — 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

VFMV

VFMV Risk / Return Rank: 77
VFMV Sharpe Ratio Rank: 77
VFMV Sortino Ratio Rank: 79
VFMV Omega Ratio Rank: 75
VFMV Calmar Ratio Rank: 75
VFMV Martin Ratio Rank: 79

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. VFMV - 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 Vanguard U.S. Minimum Volatility ETF (VFMV). 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	VFMV	Difference
Sharpe ratio: Return per unit of total volatility	0.99	1.76	-0.77
Sortino ratio: Return per unit of downside risk	1.53	2.55	-1.03
Omega ratio: Gain probability vs. loss probability	1.17	1.31	-0.14
Calmar ratio: Return relative to maximum drawdown	1.47	2.61	-1.14
Martin ratio: Return relative to average drawdown	3.41	10.07	-6.66

LGLV vs. VFMV - Sharpe Ratio Comparison

The current LGLV Sharpe Ratio is 0.99, which is lower than the VFMV Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of LGLV and VFMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LGLV vs. VFMV - Drawdown Comparison

The maximum LGLV drawdown since its inception was -36.64%, which is greater than VFMV's maximum drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for LGLV and VFMV.

Drawdown Indicators

	LGLV	VFMV	Difference
Max Drawdown Largest peak-to-trough decline	-36.64%	-33.64%	-3.00%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-6.00%	-0.86%
Max Drawdown (3Y) Largest decline over 3 years	-10.17%	-10.35%	+0.18%
Max Drawdown (5Y) Largest decline over 5 years	-17.49%	-15.41%	-2.08%
Max Drawdown (10Y) Largest decline over 10 years	-36.64%	—	—
Current Drawdown Current decline from peak	-2.14%	-1.16%	-0.98%
Average Drawdown Average peak-to-trough decline	-3.21%	-3.59%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	1.56%	+1.39%

Volatility

LGLV vs. VFMV - Volatility Comparison

SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) has a higher volatility of 4.53% compared to Vanguard U.S. Minimum Volatility ETF (VFMV) at 2.73%. This indicates that LGLV's price experiences larger fluctuations and is considered to be riskier than VFMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGLV	VFMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	2.73%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	7.99%	6.57%	+1.42%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	8.96%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.03%	11.76%	+1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.09%	14.16%	+1.93%

LGLV vs. VFMV - Expense Ratio Comparison

LGLV has a 0.12% expense ratio, which is lower than VFMV's 0.13% 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. VFMV - Dividend Comparison

LGLV's dividend yield for the trailing twelve months is around 1.99%, more than VFMV's 1.74% yield.

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%
VFMV Vanguard U.S. Minimum Volatility ETF	1.74%	2.12%	1.46%	2.20%	2.08%	1.31%	2.14%	2.43%	2.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LGLV and VFMV in my portfolio?

LGLV and VFMV have a correlation of 0.80, 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 VFMV?

LGLV has higher volatility (4.53%) compared to VFMV (2.73%). In terms of maximum drawdown, LGLV dropped -36.64% vs VFMV's -33.64%.

Which ETF is better, LGLV or VFMV?

On 5-year performance, VFMV leads with 9.39% vs 8.32% for LGLV. On fees, LGLV is cheaper at 0.12% per year. On volatility, VFMV has been the lower-risk option at 2.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGLV or VFMV?

Over the 5-year period, VFMV has performed better with a 9.39% return vs 8.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGLV or VFMV?

LGLV is cheaper with a 0.12% expense ratio, compared with 0.13% for VFMV.

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

LGLV has the higher dividend yield at 1.99%, compared with 1.74% for VFMV.

What is the main difference between LGLV and VFMV?

They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.12% for LGLV and 0.13% for VFMV.

Which has better risk-adjusted returns?

VFMV currently has the higher Sharpe Ratio (1.76 vs 0.99), 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.