SPLV vs. IDMO
SPLV (Invesco S&P 500 Low Volatility ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, SPLV returned 8.38%/yr vs 13.51%/yr for IDMO. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
SPLV vs. IDMO - Performance Comparison
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Returns By Period
In the year-to-date period, SPLV achieves a 5.06% return, which is significantly lower than IDMO's 9.69% return. Over the past 10 years, SPLV has underperformed IDMO with an annualized return of 8.38%, while IDMO has yielded a comparatively higher 13.51% annualized return.
SPLV
- 1D
- 1.32%
- 1M
- 0.35%
- YTD
- 5.06%
- 6M
- 4.84%
- 1Y
- 4.45%
- 3Y*
- 8.50%
- 5Y*
- 6.37%
- 10Y*
- 8.38%
IDMO
- 1D
- -2.67%
- 1M
- 1.51%
- YTD
- 9.69%
- 6M
- 8.93%
- 1Y
- 26.34%
- 3Y*
- 26.46%
- 5Y*
- 15.55%
- 10Y*
- 13.51%
SPLV vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPLV Invesco S&P 500 Low Volatility ETF | 5.06% | 4.10% | 13.93% | 0.53% | -4.88% | 24.13% | -1.39% | 27.87% | -0.19% | 17.32% |
IDMO Invesco S&P International Developed Momentum ETF | 9.69% | 42.17% | 12.79% | 20.16% | -12.03% | 14.31% | 22.01% | 26.09% | -16.66% | 29.21% |
Correlation
The correlation between SPLV and IDMO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | 0.37 |
The correlation between SPLV and IDMO shifts across timeframes, from 0.19 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPLV vs. IDMO — Risk / Return Rank
SPLV
IDMO
SPLV vs. IDMO - 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 Momentum ETF (IDMO). 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 | IDMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.27 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 2.15 | -1.55 |
| Martin ratioReturn relative to average drawdown | 1.39 | 8.70 | -7.31 |
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Drawdowns
SPLV vs. IDMO - Drawdown Comparison
The maximum SPLV drawdown since its inception was -36.26%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for SPLV and IDMO.
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Drawdown Indicators
| SPLV | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.26% | -39.38% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -12.31% | +4.90% |
Max Drawdown (3Y)Largest decline over 3 years | -9.64% | -12.65% | +3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -17.26% | -27.07% | +9.81% |
Max Drawdown (10Y)Largest decline over 10 years | -36.26% | -31.34% | -4.92% |
Current DrawdownCurrent decline from peak | -3.47% | -2.67% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -9.73% | +6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 3.03% | +0.17% |
Volatility
SPLV vs. IDMO - Volatility Comparison
The current volatility for Invesco S&P 500 Low Volatility ETF (SPLV) is 4.26%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 7.84%. This indicates that SPLV experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPLV | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 7.84% | -3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 16.34% | -8.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.28% | 18.13% | -7.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.50% | 18.09% | -5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 17.95% | -2.56% |
SPLV vs. IDMO - Expense Ratio Comparison
Both SPLV and IDMO 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. IDMO - Dividend Comparison
SPLV's dividend yield for the trailing twelve months is around 2.16%, less than IDMO's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 3.64% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
SPLV Invesco S&P 500 Low Volatility ETF | 2.16% | 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 IDMO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDMO has higher volatility (7.84%) compared to SPLV (4.26%). In terms of maximum drawdown, SPLV dropped -36.26% vs IDMO's -39.38%.
On 10-year performance, IDMO leads with 13.51% vs 8.38% for SPLV. Both ETFs have the same 0.25% expense ratio. On volatility, SPLV has been the lower-risk option at 4.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IDMO has performed better with a 13.51% return vs 8.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPLV and IDMO have the same expense ratio: 0.25% per year.
IDMO has the higher dividend yield at 3.64%, compared with 2.16% for SPLV.
SPLV is categorized as S&P 500, while IDMO is Momentum. SPLV tracks S&P 500 Low Volatility Index, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index.
IDMO currently has the higher Sharpe Ratio (1.46 vs 0.44), 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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