PVEX vs. SELV

Last updated Jul 17, 2026

PVEX (TrueShares ConVequity ETF) and SELV (SEI Enhanced Low Volatility US Large Cap ETF) are both Large Cap Blend Equities funds. Over the past year, PVEX returned 19.89% vs 11.14% for SELV. At a 0.26 correlation, their price movements are largely independent. PVEX charges 0.82%/yr vs 0.15%/yr for SELV.

Performance

PVEX vs. SELV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares ConVequity ETF (PVEX) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PVEX achieves a 7.85% return, which is significantly higher than SELV's 5.03% return.

PVEX

• 1D: -0.77%
• 1M: -0.68%
• 6M: 7.14%
• YTD: 7.85%
• 1Y: 19.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SELV

• 1D: 2.00%
• 1M: 2.54%
• 6M: 3.27%
• YTD: 5.03%
• 1Y: 11.14%
• 3Y*: 11.58%
• 5Y*: —
• 10Y*: —

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

PVEX vs. SELV - Yearly Performance Comparison

	2026 (YTD)	2025
PVEX TrueShares ConVequity ETF	7.85%	13.68%
SELV SEI Enhanced Low Volatility US Large Cap ETF	5.03%	5.25%

Correlation

The correlation between PVEX and SELV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025	0.26

Return for Risk

PVEX vs. SELV — Risk / Return Rank

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

PVEX

PVEX Risk / Return Rank: 53
PVEX Sharpe Ratio Rank: 48
PVEX Sortino Ratio Rank: 46
PVEX Omega Ratio Rank: 47
PVEX Calmar Ratio Rank: 66
PVEX Martin Ratio Rank: 56

SELV

SELV Risk / Return Rank: 41
SELV Sharpe Ratio Rank: 40
SELV Sortino Ratio Rank: 40
SELV Omega Ratio Rank: 38
SELV Calmar Ratio Rank: 46
SELV Martin Ratio Rank: 40

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.

PVEX vs. SELV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares ConVequity ETF (PVEX) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). 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.

	PVEX	SELV	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.18	+0.18
Sortino ratio: Return per unit of downside risk	1.92	1.74	+0.18
Omega ratio: Gain probability vs. loss probability	1.25	1.21	+0.04
Calmar ratio: Return relative to maximum drawdown	2.62	1.89	+0.73
Martin ratio: Return relative to average drawdown	7.75	5.03	+2.72

PVEX vs. SELV - Sharpe Ratio Comparison

The current PVEX Sharpe Ratio is 1.36, which is comparable to the SELV Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of PVEX and SELV, 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

PVEX vs. SELV - Drawdown Comparison

The maximum PVEX drawdown since its inception was -7.63%, smaller than the maximum SELV drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for PVEX and SELV.

Drawdown Indicators

	PVEX	SELV	Difference
Max Drawdown Largest peak-to-trough decline	-7.63%	-13.73%	+6.10%
Max Drawdown (1Y) Largest decline over 1 year	-7.63%	-5.92%	-1.71%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.94%	—
Current Drawdown Current decline from peak	-2.48%	0.00%	-2.48%
Average Drawdown Average peak-to-trough decline	-2.00%	-2.37%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	2.22%	+0.35%

Volatility

PVEX vs. SELV - Volatility Comparison

The current volatility for TrueShares ConVequity ETF (PVEX) is 3.94%, while SEI Enhanced Low Volatility US Large Cap ETF (SELV) has a volatility of 4.60%. This indicates that PVEX experiences smaller price fluctuations and is considered to be less risky than SELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PVEX	SELV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	4.60%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	7.67%	+1.28%
Volatility (1Y) Calculated over the trailing 1-year period	14.74%	9.53%	+5.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.22%	11.95%	+3.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	11.95%	+3.27%

PVEX vs. SELV - Expense Ratio Comparison

PVEX has a 0.82% expense ratio, which is higher than SELV's 0.15% expense ratio.

Dividends

PVEX vs. SELV - Dividend Comparison

PVEX's dividend yield for the trailing twelve months is around 0.18%, less than SELV's 1.70% yield.

Position	TTM	2025	2024	2023	2022
PVEX TrueShares ConVequity ETF	0.18%	0.19%	0.00%	0.00%	0.00%
SELV SEI Enhanced Low Volatility US Large Cap ETF	1.70%	1.74%	1.77%	2.06%	1.26%

Frequently Asked Questions

Can I hold both PVEX and SELV in my portfolio?

PVEX and SELV have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PVEX or SELV?

SELV has higher volatility (4.60%) compared to PVEX (3.94%). In terms of maximum drawdown, PVEX dropped -7.63% vs SELV's -13.73%.

Which ETF is better, PVEX or SELV?

On 1-year performance, PVEX leads with 19.89% vs 11.14% for SELV. On fees, SELV is cheaper at 0.15% per year. On volatility, PVEX has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PVEX or SELV?

Over the 1-year period, PVEX has performed better with a 19.89% return vs 11.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PVEX or SELV?

SELV is cheaper with a 0.15% expense ratio, compared with 0.82% for PVEX.

Which ETF pays a higher dividend yield, PVEX or SELV?

SELV has the higher dividend yield at 1.70%, compared with 0.18% for PVEX.

What is the main difference between PVEX and SELV?

They also come from different issuers: TrueShares and SEI. Their fees differ too: 0.82% for PVEX and 0.15% for SELV.

Which has better risk-adjusted returns?

PVEX currently has the higher Sharpe Ratio (1.36 vs 1.18), 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.