SMLV vs. XSLV
Compare and contrast key facts about SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and Invesco S&P SmallCap Low Volatility ETF (XSLV).
SMLV and XSLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMLV is a passively managed fund by State Street that tracks the performance of the SSGA US Small Cap Low Volatility Index. It was launched on Feb 20, 2013. XSLV is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Low Volatility Index. It was launched on Feb 15, 2013. Both SMLV and XSLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMLV or XSLV.
Key characteristics
| SMLV | XSLV | |
|---|---|---|
| YTD Return | 24.15% | 16.00% |
| 1Y Return | 45.48% | 31.73% |
| 3Y Return (Ann) | 6.99% | 1.75% |
| 5Y Return (Ann) | 9.65% | 2.51% |
| 10Y Return (Ann) | 9.55% | 6.77% |
| Sharpe Ratio | 2.05 | 1.87 |
| Sortino Ratio | 3.17 | 2.83 |
| Omega Ratio | 1.39 | 1.34 |
| Calmar Ratio | 2.71 | 1.41 |
| Martin Ratio | 10.86 | 11.26 |
| Ulcer Index | 4.05% | 2.76% |
| Daily Std Dev | 21.47% | 16.65% |
| Max Drawdown | -42.45% | -44.34% |
| Current Drawdown | -1.70% | -0.61% |
Correlation
The correlation between SMLV and XSLV is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SMLV vs. XSLV - Performance Comparison
In the year-to-date period, SMLV achieves a 24.15% return, which is significantly higher than XSLV's 16.00% return. Over the past 10 years, SMLV has outperformed XSLV with an annualized return of 9.55%, while XSLV has yielded a comparatively lower 6.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SMLV vs. XSLV - Expense Ratio Comparison
SMLV has a 0.12% expense ratio, which is lower than XSLV's 0.25% 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%.
Risk-Adjusted Performance
SMLV vs. XSLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and Invesco S&P SmallCap Low Volatility ETF (XSLV). 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.
Dividends
SMLV vs. XSLV - Dividend Comparison
SMLV's dividend yield for the trailing twelve months is around 2.35%, more than XSLV's 1.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF | 2.35% | 2.68% | 2.40% | 2.12% | 2.47% | 2.62% | 3.15% | 7.92% | 3.04% | 2.63% | 2.76% | 3.68% |
XSLV Invesco S&P SmallCap Low Volatility ETF | 1.90% | 2.35% | 2.79% | 1.05% | 2.48% | 2.43% | 2.75% | 1.87% | 1.96% | 2.20% | 2.38% | 1.58% |
Drawdowns
SMLV vs. XSLV - Drawdown Comparison
The maximum SMLV drawdown since its inception was -42.45%, roughly equal to the maximum XSLV drawdown of -44.34%. Use the drawdown chart below to compare losses from any high point for SMLV and XSLV. For additional features, visit the drawdowns tool.
Volatility
SMLV vs. XSLV - Volatility Comparison
SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) has a higher volatility of 10.69% compared to Invesco S&P SmallCap Low Volatility ETF (XSLV) at 7.09%. This indicates that SMLV's price experiences larger fluctuations and is considered to be riskier than XSLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.