SPLV vs. QQLV

Last updated Jun 4, 2026

SPLV (Invesco S&P 500 Low Volatility ETF) and QQLV (Invesco QQQ Low Volatility ETF) are both exchange-traded funds - SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index, while QQLV is a Large Cap Blend Equities fund tracking the Nasdaq Low Volatility Index. Both are passively managed. Over the past year, SPLV returned -0.03% vs -1.95% for QQLV. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

SPLV vs. QQLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Low Volatility ETF (SPLV) and Invesco QQQ Low Volatility ETF (QQLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPLV achieves a 1.32% return, which is significantly lower than QQLV's 1.94% return.

SPLV

• 1D: 0.08%
• 1M: -2.50%
• YTD: 1.32%
• 6M: 1.06%
• 1Y: -0.03%
• 3Y*: 7.54%
• 5Y*: 5.33%
• 10Y*: 8.01%

QQLV

• 1D: -0.03%
• 1M: -0.15%
• YTD: 1.94%
• 6M: 1.06%
• 1Y: -1.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPLV vs. QQLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPLV Invesco S&P 500 Low Volatility ETF	1.32%	4.10%	-4.66%
QQLV Invesco QQQ Low Volatility ETF	1.94%	4.19%	-5.60%

Correlation

The correlation between SPLV and QQLV is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.87

The correlation between SPLV and QQLV has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

Return for Risk

SPLV vs. QQLV — Risk / Return Rank

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

SPLV

SPLV Risk / Return Rank: 8
SPLV Sharpe Ratio Rank: 8
SPLV Sortino Ratio Rank: 8
SPLV Omega Ratio Rank: 8
SPLV Calmar Ratio Rank: 8
SPLV Martin Ratio Rank: 8

QQLV

QQLV Risk / Return Rank: 6
QQLV Sharpe Ratio Rank: 7
QQLV Sortino Ratio Rank: 6
QQLV Omega Ratio Rank: 6
QQLV Calmar Ratio Rank: 6
QQLV Martin Ratio Rank: 6

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.

SPLV vs. QQLV - 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 QQQ Low Volatility ETF (QQLV). 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.

	SPLV	QQLV	Difference
Sharpe ratio: Return per unit of total volatility	-0.00	-0.19	+0.19
Sortino ratio: Return per unit of downside risk	0.06	-0.20	+0.27
Omega ratio: Gain probability vs. loss probability	1.01	0.98	+0.03
Calmar ratio: Return relative to maximum drawdown	-0.00	-0.27	+0.26
Martin ratio: Return relative to average drawdown	-0.01	-0.52	+0.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPLV vs. QQLV - Sharpe Ratio Comparison

The current SPLV Sharpe Ratio is -0.00, which is higher than the QQLV Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of SPLV and QQLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPLV	QQLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	-0.19	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.01	+0.66

Drawdowns

SPLV vs. QQLV - Drawdown Comparison

The maximum SPLV drawdown since its inception was -36.26%, which is greater than QQLV's maximum drawdown of -9.54%. Use the drawdown chart below to compare losses from any high point for SPLV and QQLV.

Drawdown Indicators

	SPLV	QQLV	Difference
Max Drawdown Largest peak-to-trough decline	-36.26%	-9.54%	-26.72%
Max Drawdown (1Y) Largest decline over 1 year	-7.41%	-7.35%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-9.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.26%	—	—
Current Drawdown Current decline from peak	-6.91%	-3.61%	-3.30%
Average Drawdown Average peak-to-trough decline	-3.55%	-3.19%	-0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	3.73%	-0.68%

Volatility

SPLV vs. QQLV - Volatility Comparison

Invesco S&P 500 Low Volatility ETF (SPLV) has a higher volatility of 2.97% compared to Invesco QQQ Low Volatility ETF (QQLV) at 2.66%. This indicates that SPLV's price experiences larger fluctuations and is considered to be riskier than QQLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPLV	QQLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	2.66%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	6.78%	7.05%	-0.27%
Volatility (1Y) Calculated over the trailing 1-year period	9.78%	10.13%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.45%	12.70%	-0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.36%	12.70%	+2.66%

SPLV vs. QQLV - Expense Ratio Comparison

Both SPLV and QQLV 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. QQLV - Dividend Comparison

SPLV's dividend yield for the trailing twelve months is around 2.22%, more than QQLV's 2.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQLV Invesco QQQ Low Volatility ETF	2.06%	1.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPLV Invesco S&P 500 Low Volatility ETF	2.22%	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

Can I hold both SPLV and QQLV in my portfolio?

SPLV and QQLV have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPLV or QQLV?

SPLV has higher volatility (2.97%) compared to QQLV (2.66%). In terms of maximum drawdown, SPLV dropped -36.26% vs QQLV's -9.54%.

Which ETF is better, SPLV or QQLV?

On 1-year performance, SPLV leads with -0.03% vs -1.95% for QQLV. Both ETFs have the same 0.25% expense ratio. On volatility, QQLV has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPLV or QQLV?

Over the 1-year period, SPLV has performed better with a -0.03% return vs -1.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPLV or QQLV?

SPLV and QQLV have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, SPLV or QQLV?

SPLV has the higher dividend yield at 2.22%, compared with 2.06% for QQLV.

What is the main difference between SPLV and QQLV?

SPLV is categorized as S&P 500, while QQLV is Large Cap Blend Equities. SPLV tracks S&P 500 Low Volatility Index, while QQLV tracks Nasdaq Low Volatility Index.

Which has better risk-adjusted returns?

SPLV currently has the higher Sharpe Ratio (-0.00 vs -0.19), 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.