SELV vs. SPMV

Last updated Jun 5, 2026

SELV (SEI Enhanced Low Volatility US Large Cap ETF) and SPMV (Invesco S&P 500 Minimum Variance ETF) are both exchange-traded funds - SELV is a Large Cap Blend Equities fund actively managed by SEI, while SPMV is a S&P 500 fund tracking the S&P 500 Minimum Volatility Index. SELV is actively managed, while SPMV is passively managed. Their correlation of 0.85 suggests significant overlap in exposure. SELV charges 0.15%/yr vs 0.10%/yr for SPMV.

Performance

SELV vs. SPMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Enhanced Low Volatility US Large Cap ETF (SELV) and Invesco S&P 500 Minimum Variance ETF (SPMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SELV

• 1D: 0.67%
• 1M: 1.14%
• YTD: 2.37%
• 6M: 3.42%
• 1Y: 8.37%
• 3Y*: 11.56%
• 5Y*: —
• 10Y*: —

SPMV

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

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

SELV vs. SPMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SELV SEI Enhanced Low Volatility US Large Cap ETF	2.37%	12.86%	14.71%	6.58%	1.38%
SPMV Invesco S&P 500 Minimum Variance ETF	0.87%	11.69%	18.78%	10.28%	1.91%

Correlation

The correlation between SELV and SPMV is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since May 19, 2022	0.85

Over the past year, the correlation between SELV and SPMV has dropped to 0.58 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

SELV vs. SPMV - Sectors Allocation Comparison

Sectors	SELV	SPMV
Technology	21.4%	26.9%
Healthcare	17.0%	15.0%
Communication Services	15.8%	6.5%
Consumer Defensive	12.3%	10.7%
Utilities	7.6%	2.8%
Industrials	7.5%	6.0%
Consumer Cyclical	4.9%	6.6%
Financial Services	4.8%	17.8%
Energy	4.3%	4.8%
Basic Materials	2.8%	2.6%
Real Estate	0.1%	0.2%

Return for Risk

SELV vs. SPMV — Risk / Return Rank

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

SELV

SELV Risk / Return Rank: 27
SELV Sharpe Ratio Rank: 27
SELV Sortino Ratio Rank: 26
SELV Omega Ratio Rank: 25
SELV Calmar Ratio Rank: 30
SELV Martin Ratio Rank: 29

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.

SELV vs. SPMV - Risk-Adjusted Trends Comparison

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

	SELV	SPMV	Difference
Sharpe ratio: Return per unit of total volatility	0.96	—	—
Sortino ratio: Return per unit of downside risk	1.41	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.42	—	—
Martin ratio: Return relative to average drawdown	4.11	—	—
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

	SELV	SPMV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	—	—

Drawdowns

Drawdown Indicators

	SELV	SPMV	Difference
Max Drawdown Largest peak-to-trough decline	-13.73%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.94%	—	—
Current Drawdown Current decline from peak	-2.52%	—	—
Average Drawdown Average peak-to-trough decline	-2.36%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	—	—

Volatility

Volatility by Period

	SELV	SPMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.81%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.85%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.85%	—	—

SELV vs. SPMV - Expense Ratio Comparison

SELV has a 0.15% 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

SELV vs. SPMV - Dividend Comparison

SELV's dividend yield for the trailing twelve months is around 1.75%, more than SPMV's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SELV SEI Enhanced Low Volatility US Large Cap ETF	1.75%	1.74%	1.77%	2.06%	1.26%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both SELV and SPMV in my portfolio?

SELV and SPMV have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SELV 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, SELV or SPMV?

SPMV is cheaper with a 0.10% expense ratio, compared with 0.15% for SELV.

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

SELV has the higher dividend yield at 1.75%, compared with 1.45% for SPMV.

What is the main difference between SELV and SPMV?

SELV is categorized as Large Cap Blend Equities, while SPMV is S&P 500. They also come from different issuers: SEI and Invesco. Their fees differ too: 0.15% for SELV and 0.10% for SPMV.