QQLV vs. LGLV
QQLV (Invesco QQQ Low Volatility ETF) and LGLV (SPDR SSGA US Large Cap Low Volatility Index ETF) are both Low Volatility funds - QQLV tracks the Nasdaq Low Volatility Index while LGLV tracks the State Street U.S. Large Cap Low Volatility Index. Both are passively managed. Over the past year, QQLV returned 3.51% vs 10.51% for LGLV. Their correlation of 0.87 means they have usually moved in the same direction. QQLV charges 0.25%/yr vs 0.12%/yr for LGLV.
Performance
QQLV vs. LGLV - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with QQLV having a 7.25% return and LGLV slightly higher at 7.61%.
QQLV
- 1D
- -0.53%
- 1M
- 1.40%
- 6M
- 5.54%
- YTD
- 7.25%
- 1Y
- 3.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.28%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.56M | $4.60M | $5.45M | |
| $52.35K | $30.06K | $34.79K |
QQLV vs. LGLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQLV Invesco QQQ Low Volatility ETF | 7.25% | 4.19% | -5.60% |
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF | 7.61% | 8.37% | -5.27% |
Correlation
The correlation between QQLV and LGLV is 0.84, 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. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | 0.87 |
The correlation between QQLV and LGLV has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
QQLV vs. LGLV — Risk / Return Rank
QQLV
LGLV
QQLV vs. LGLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Low Volatility ETF (QQLV) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). 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.
| QQLV | LGLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.17 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 1.47 | -1.04 |
| Martin ratioReturn relative to average drawdown | 0.84 | 3.41 | -2.57 |
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Drawdowns
QQLV vs. LGLV - Drawdown Comparison
The maximum QQLV drawdown since its inception was -9.54%, smaller than the maximum LGLV drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for QQLV and LGLV.
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Drawdown Indicators
| QQLV | LGLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -36.64% | +27.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -6.86% | -0.36% |
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 DrawdownCurrent decline from peak | -2.09% | -2.14% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -3.21% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.95% | +0.72% |
Volatility
QQLV vs. LGLV - Volatility Comparison
Invesco QQQ Low Volatility ETF (QQLV) has a higher volatility of 5.31% compared to SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) at 4.53%. This indicates that QQLV's price experiences larger fluctuations and is considered to be riskier than LGLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQLV | LGLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 4.53% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 7.99% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.17% | 10.16% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.06% | 13.03% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.06% | 16.09% | -3.03% |
QQLV vs. LGLV - Expense Ratio Comparison
QQLV has a 0.25% expense ratio, which is higher than LGLV's 0.12% 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
QQLV vs. LGLV - Dividend Comparison
QQLV's dividend yield for the trailing twelve months is around 2.02%, more than LGLV's 1.99% 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% |
QQLV Invesco QQQ Low Volatility ETF | 2.02% | 1.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQLV and LGLV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQLV has higher volatility (5.31%) compared to LGLV (4.53%). In terms of maximum drawdown, QQLV dropped -9.54% vs LGLV's -36.64%.
On 1-year performance, LGLV leads with 10.51% vs 3.51% for QQLV. On fees, LGLV is cheaper at 0.12% per year. On volatility, LGLV has been the lower-risk option at 4.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LGLV has performed better with a 10.51% return vs 3.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LGLV is cheaper with a 0.12% expense ratio, compared with 0.25% for QQLV.
QQLV has the higher dividend yield at 2.02%, compared with 1.99% for LGLV.
QQLV tracks Nasdaq Low Volatility Index, while LGLV tracks State Street U.S. Large Cap Low Volatility Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.25% for QQLV and 0.12% for LGLV.
LGLV currently has the higher Sharpe Ratio (0.99 vs 0.28), 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.
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