SPLV vs. SPDV
Compare and contrast key facts about Invesco S&P 500 Low Volatility ETF (SPLV) and AAM S&P 500 High Dividend Value ETF (SPDV).
SPLV and SPDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Index. It was launched on May 5, 2011. SPDV is a passively managed fund by Advisors Asset Management that tracks the performance of the S&P 500 Dividend and Free Cash Flow Yield Index. It was launched on Nov 28, 2017. Both SPLV and SPDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPLV vs. SPDV - Performance Comparison
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SPLV vs. SPDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPLV Invesco S&P 500 Low Volatility ETF | 3.24% | 4.10% | 13.93% | 0.53% | -4.88% | 24.13% | -1.39% | 27.87% | -0.19% | -0.14% |
SPDV AAM S&P 500 High Dividend Value ETF | 7.69% | 10.90% | 14.40% | 5.45% | -2.27% | 29.54% | -6.09% | 20.46% | -6.59% | 3.65% |
Returns By Period
In the year-to-date period, SPLV achieves a 3.24% return, which is significantly lower than SPDV's 7.69% return.
SPLV
- 1D
- 0.26%
- 1M
- -5.14%
- YTD
- 3.24%
- 6M
- 1.55%
- 1Y
- 0.27%
- 3Y*
- 7.81%
- 5Y*
- 6.88%
- 10Y*
- 8.34%
SPDV
- 1D
- -0.58%
- 1M
- -3.25%
- YTD
- 7.69%
- 6M
- 7.91%
- 1Y
- 18.44%
- 3Y*
- 13.82%
- 5Y*
- 8.85%
- 10Y*
- —
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SPLV vs. SPDV - Expense Ratio Comparison
SPLV has a 0.25% expense ratio, which is lower than SPDV's 0.29% expense ratio.
Return for Risk
SPLV vs. SPDV — Risk / Return Rank
SPLV
SPDV
SPLV vs. SPDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility ETF (SPLV) and AAM S&P 500 High Dividend Value ETF (SPDV). 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 | SPDV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.02 | 1.05 | -1.03 |
Sortino ratioReturn per unit of downside risk | 0.12 | 1.55 | -1.43 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.22 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.03 | 1.31 | -1.28 |
Martin ratioReturn relative to average drawdown | 0.09 | 5.52 | -5.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPLV | SPDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 1.05 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.54 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.42 | +0.27 |
Correlation
The correlation between SPLV and SPDV is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPLV vs. SPDV - Dividend Comparison
SPLV's dividend yield for the trailing twelve months is around 2.12%, less than SPDV's 3.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPLV Invesco S&P 500 Low Volatility ETF | 2.12% | 2.04% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% |
SPDV AAM S&P 500 High Dividend Value ETF | 3.52% | 3.85% | 3.54% | 3.95% | 3.73% | 3.08% | 3.90% | 3.54% | 3.63% | 0.28% | 0.00% | 0.00% |
Drawdowns
SPLV vs. SPDV - Drawdown Comparison
The maximum SPLV drawdown since its inception was -36.26%, smaller than the maximum SPDV drawdown of -43.81%. Use the drawdown chart below to compare losses from any high point for SPLV and SPDV.
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Drawdown Indicators
| SPLV | SPDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.26% | -43.81% | +7.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.88% | -13.91% | +5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -17.26% | -21.31% | +4.05% |
Max Drawdown (10Y)Largest decline over 10 years | -36.26% | — | — |
Current DrawdownCurrent decline from peak | -5.14% | -3.87% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -6.67% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.30% | -0.41% |
Volatility
SPLV vs. SPDV - Volatility Comparison
Invesco S&P 500 Low Volatility ETF (SPLV) and AAM S&P 500 High Dividend Value ETF (SPDV) have volatilities of 3.08% and 2.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPLV | SPDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.96% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 9.27% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 17.60% | -4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.43% | 16.41% | -3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 20.47% | -5.12% |