SPLV vs. IDLV
SPLV (Invesco S&P 500 Low Volatility ETF) and IDLV (Invesco S&P International Developed Low Volatility ETF) are both exchange-traded funds - SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index, while IDLV is a Volatility Hedged Equity fund tracking the S&P BMI International Developed Low Volatility Index. Both are passively managed. Over the past 10 years, SPLV returned 8.08%/yr vs 5.49%/yr for IDLV. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
SPLV vs. IDLV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPLV achieves a 7.47% return, which is significantly higher than IDLV's 6.64% return. Over the past 10 years, SPLV has outperformed IDLV with an annualized return of 8.08%, while IDLV has yielded a comparatively lower 5.49% annualized return.
SPLV
- 1D
- -0.65%
- 1M
- 2.13%
- 6M
- 6.43%
- YTD
- 7.47%
- 1Y
- 6.49%
- 3Y*
- 8.78%
- 5Y*
- 6.17%
- 10Y*
- 8.08%
IDLV
- 1D
- 0.79%
- 1M
- 1.86%
- 6M
- 6.61%
- YTD
- 6.64%
- 1Y
- 12.08%
- 3Y*
- 12.73%
- 5Y*
- 6.68%
- 10Y*
- 5.49%
SPLV vs. IDLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPLV Invesco S&P 500 Low Volatility ETF | 7.47% | 4.10% | 13.93% | 0.53% | -4.88% | 24.13% | -1.39% | 27.87% | -0.19% | 17.32% |
IDLV Invesco S&P International Developed Low Volatility ETF | 6.64% | 27.77% | 2.15% | 9.18% | -12.21% | 9.76% | -9.78% | 20.09% | -8.02% | 22.01% |
Correlation
The correlation between SPLV and IDLV is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2012 | 0.62 |
The correlation between SPLV and IDLV shifts across timeframes, from 0.47 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPLV vs. IDLV — Risk / Return Rank
SPLV
IDLV
SPLV vs. IDLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility ETF (SPLV) and Invesco S&P International Developed Low Volatility ETF (IDLV). 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.
| SPLV | IDLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.61 | -0.73 |
| Martin ratioReturn relative to average drawdown | 2.02 | 4.17 | -2.15 |
Loading charts...
Drawdowns
SPLV vs. IDLV - Drawdown Comparison
The maximum SPLV drawdown since its inception was -36.26%, roughly equal to the maximum IDLV drawdown of -34.65%. Use the drawdown chart below to compare losses from any high point for SPLV and IDLV.
Loading charts...
Drawdown Indicators
| SPLV | IDLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.26% | -34.65% | -1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -7.54% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -9.64% | -9.97% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -17.26% | -22.52% | +5.26% |
Max Drawdown (10Y)Largest decline over 10 years | -36.26% | -34.65% | -1.61% |
Current DrawdownCurrent decline from peak | -1.31% | -2.00% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -5.93% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.91% | +0.31% |
Volatility
SPLV vs. IDLV - Volatility Comparison
Invesco S&P 500 Low Volatility ETF (SPLV) has a higher volatility of 4.19% compared to Invesco S&P International Developed Low Volatility ETF (IDLV) at 2.29%. This indicates that SPLV's price experiences larger fluctuations and is considered to be riskier than IDLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPLV | IDLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 2.29% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 7.99% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.52% | 9.84% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.57% | 11.77% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.40% | 13.14% | +2.26% |
SPLV vs. IDLV - Expense Ratio Comparison
Both SPLV and IDLV have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPLV vs. IDLV - Dividend Comparison
SPLV's dividend yield for the trailing twelve months is around 2.11%, less than IDLV's 4.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDLV Invesco S&P International Developed Low Volatility ETF | 4.92% | 4.63% | 3.41% | 3.59% | 4.69% | 2.99% | 2.30% | 4.92% | 3.94% | 3.05% | 3.92% | 3.93% |
SPLV Invesco S&P 500 Low Volatility ETF | 2.11% | 2.04% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% |
Frequently Asked Questions
SPLV and IDLV have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPLV has higher volatility (4.19%) compared to IDLV (2.29%). In terms of maximum drawdown, SPLV dropped -36.26% vs IDLV's -34.65%.
On 10-year performance, SPLV leads with 8.08% vs 5.49% for IDLV. Both ETFs have the same 0.25% expense ratio. On volatility, IDLV has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPLV has performed better with a 8.08% return vs 5.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPLV and IDLV have the same expense ratio: 0.25% per year.
IDLV has the higher dividend yield at 4.92%, compared with 2.11% for SPLV.
SPLV is categorized as S&P 500, while IDLV is Volatility Hedged Equity. SPLV tracks S&P 500 Low Volatility Index, while IDLV tracks S&P BMI International Developed Low Volatility Index.
IDLV currently has the higher Sharpe Ratio (1.23 vs 0.62), 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.
Find the right allocation for SPLV and IDLV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer