SPLV vs. QTUM

Last updated Jun 16, 2026

SPLV (Invesco S&P 500 Low Volatility ETF) and QTUM (Defiance Quantum ETF) are both exchange-traded funds - SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index, while QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. Both are passively managed. Over the past 5 years, SPLV returned 6.29%/yr vs 29.16%/yr for QTUM. At a 0.37 correlation, their price movements are largely independent. SPLV charges 0.25%/yr vs 0.40%/yr for QTUM.

Performance

SPLV vs. QTUM - Performance Comparison

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

Returns By Period

In the year-to-date period, SPLV achieves a 4.85% return, which is significantly lower than QTUM's 53.56% return.

SPLV

• 1D: -0.36%
• 1M: 2.76%
• YTD: 4.85%
• 6M: 4.17%
• 1Y: 4.71%
• 3Y*: 8.01%
• 5Y*: 6.29%
• 10Y*: 8.33%

QTUM

• 1D: 4.18%
• 1M: 17.45%
• YTD: 53.56%
• 6M: 53.19%
• 1Y: 94.08%
• 3Y*: 50.50%
• 5Y*: 29.16%
• 10Y*: —

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

SPLV vs. QTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPLV Invesco S&P 500 Low Volatility ETF	4.85%	4.10%	13.93%	0.53%	-4.88%	24.13%	-1.39%	27.87%	-5.54%
QTUM Defiance Quantum ETF	53.56%	36.65%	50.54%	39.86%	-28.80%	35.18%	42.05%	47.99%	-19.44%

Correlation

The correlation between SPLV and QTUM is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018	0.37

The correlation between SPLV and QTUM shifts across timeframes, from -0.08 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.

SPLV vs. QTUM - Sectors Allocation Comparison

Sectors	SPLV	QTUM
Utilities	24.9%	-
Financial Services	21.3%	0.0%
Real Estate	17.8%	-
Industrials	12.2%	8.7%
Consumer Defensive	9.4%	-
Healthcare	4.0%	0.6%
Consumer Cyclical	4.0%	0.7%
Energy	2.7%	-
Basic Materials	2.1%	-
Technology	0.8%	83.6%
Communication Services	0.8%	4.8%

Return for Risk

SPLV vs. QTUM — Risk / Return Rank

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

SPLV

SPLV Risk / Return Rank: 17
SPLV Sharpe Ratio Rank: 17
SPLV Sortino Ratio Rank: 16
SPLV Omega Ratio Rank: 15
SPLV Calmar Ratio Rank: 18
SPLV Martin Ratio Rank: 17

QTUM

QTUM Risk / Return Rank: 92
QTUM Sharpe Ratio Rank: 95
QTUM Sortino Ratio Rank: 90
QTUM Omega Ratio Rank: 90
QTUM Calmar Ratio Rank: 94
QTUM Martin Ratio Rank: 93

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. QTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility ETF (SPLV) and Defiance Quantum ETF (QTUM). 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	QTUM	Difference
Sharpe ratio: Return per unit of total volatility	0.47	3.31	-2.84
Sortino ratio: Return per unit of downside risk	0.73	3.78	-3.05
Omega ratio: Gain probability vs. loss probability	1.08	1.51	-0.43
Calmar ratio: Return relative to maximum drawdown	0.64	6.20	-5.56
Martin ratio: Return relative to average drawdown	1.50	22.43	-20.93

SPLV vs. QTUM - Sharpe Ratio Comparison

The current SPLV Sharpe Ratio is 0.47, which is lower than the QTUM Sharpe Ratio of 3.31. The chart below compares the historical Sharpe Ratios of SPLV and QTUM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPLV vs. QTUM - Drawdown Comparison

The maximum SPLV drawdown since its inception was -36.26%, smaller than the maximum QTUM drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for SPLV and QTUM.

Drawdown Indicators

	SPLV	QTUM	Difference
Max Drawdown Largest peak-to-trough decline	-36.26%	-38.45%	+2.19%
Max Drawdown (1Y) Largest decline over 1 year	-7.41%	-15.26%	+7.85%
Max Drawdown (3Y) Largest decline over 3 years	-9.64%	-25.39%	+15.75%
Max Drawdown (5Y) Largest decline over 5 years	-17.26%	-38.45%	+21.19%
Max Drawdown (10Y) Largest decline over 10 years	-36.26%	—	—
Current Drawdown Current decline from peak	-3.66%	-0.42%	-3.24%
Average Drawdown Average peak-to-trough decline	-3.55%	-8.24%	+4.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	4.21%	-1.06%

Volatility

SPLV vs. QTUM - Volatility Comparison

The current volatility for Invesco S&P 500 Low Volatility ETF (SPLV) is 4.03%, while Defiance Quantum ETF (QTUM) has a volatility of 14.65%. This indicates that SPLV experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPLV	QTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	14.65%	-10.62%
Volatility (6M) Calculated over the trailing 6-month period	7.20%	23.48%	-16.28%
Volatility (1Y) Calculated over the trailing 1-year period	10.08%	28.64%	-18.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.51%	27.06%	-14.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.38%	27.43%	-12.05%

SPLV vs. QTUM - Expense Ratio Comparison

SPLV has a 0.25% expense ratio, which is lower than QTUM's 0.40% expense ratio.

Dividends

SPLV vs. QTUM - Dividend Comparison

SPLV's dividend yield for the trailing twelve months is around 2.15%, more than QTUM's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QTUM Defiance Quantum ETF	0.70%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%	0.00%	0.00%	0.00%
SPLV Invesco S&P 500 Low Volatility ETF	2.15%	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 QTUM in my portfolio?

SPLV and QTUM have a correlation of -0.08, 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 QTUM?

QTUM has higher volatility (14.65%) compared to SPLV (4.03%). In terms of maximum drawdown, SPLV dropped -36.26% vs QTUM's -38.45%.

Which ETF is better, SPLV or QTUM?

On 5-year performance, QTUM leads with 29.16% vs 6.29% for SPLV. On fees, SPLV is cheaper at 0.25% per year. On volatility, SPLV has been the lower-risk option at 4.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPLV or QTUM?

Over the 5-year period, QTUM has performed better with a 29.16% return vs 6.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPLV or QTUM?

SPLV is cheaper with a 0.25% expense ratio, compared with 0.40% for QTUM.

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

SPLV has the higher dividend yield at 2.15%, compared with 0.70% for QTUM.

What is the main difference between SPLV and QTUM?

SPLV is categorized as S&P 500, while QTUM is Technology Equities. SPLV tracks S&P 500 Low Volatility Index, while QTUM tracks BlueStar Machine Learning and Quantum Computing Index. They also come from different issuers: Invesco and Defiance. Their fees differ too: 0.25% for SPLV and 0.40% for QTUM.

Which has better risk-adjusted returns?

QTUM currently has the higher Sharpe Ratio (3.31 vs 0.47), 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.