SPLV vs. VYMI
SPLV (Invesco S&P 500 Low Volatility ETF) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index, while VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index. Both are passively managed. Over the past 10 years, SPLV returned 8.31%/yr vs 11.00%/yr for VYMI. Their 0.52 correlation means they have sometimes moved together and sometimes differently. SPLV charges 0.25%/yr vs 0.07%/yr for VYMI.
Performance
SPLV vs. VYMI - Performance Comparison
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Returns By Period
In the year-to-date period, SPLV achieves a 8.35% return, which is significantly lower than VYMI's 18.16% return. Over the past 10 years, SPLV has underperformed VYMI with an annualized return of 8.31%, while VYMI has yielded a comparatively higher 11.00% annualized return.
SPLV
- 1D
- 0.24%
- 1M
- -0.26%
- 6M
- 4.38%
- YTD
- 8.35%
- 1Y
- 6.81%
- 3Y*
- 9.48%
- 5Y*
- 6.08%
- 10Y*
- 8.31%
- ALL TIME*
- 10.15%
VYMI
- 1D
- 0.45%
- 1M
- 4.99%
- 6M
- 10.02%
- YTD
- 18.16%
- 1Y
- 33.89%
- 3Y*
- 22.89%
- 5Y*
- 13.93%
- 10Y*
- 11.00%
- ALL TIME*
- 11.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $170.51M | $164.24M | $187.77M | |
| $81.12M | $82.35M | $91.64M |
SPLV vs. VYMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPLV Invesco S&P 500 Low Volatility ETF | 8.35% | 4.10% | 13.93% | 0.53% | -4.88% | 24.13% | -1.39% | 27.87% | -0.19% | 17.32% |
VYMI Vanguard International High Dividend Yield ETF | 18.16% | 38.05% | 7.06% | 17.07% | -7.02% | 15.39% | -1.11% | 18.43% | -12.65% | 22.36% |
Correlation
The correlation between SPLV and VYMI is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2016 | 0.52 |
Over the past year, the correlation between SPLV and VYMI has dropped to 0.26 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
SPLV vs. VYMI — Risk / Return Rank
SPLV
VYMI
SPLV vs. VYMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility ETF (SPLV) and Vanguard International High Dividend Yield ETF (VYMI). 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 | VYMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.47 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 3.36 | -2.44 |
| Martin ratioReturn relative to average drawdown | 2.11 | 13.26 | -11.15 |
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Drawdowns
SPLV vs. VYMI - Drawdown Comparison
The maximum SPLV drawdown since its inception was -36.26%, smaller than the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for SPLV and VYMI.
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Drawdown Indicators
| SPLV | VYMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.26% | -40.00% | +3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -10.14% | +2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -12.84% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -17.26% | -24.05% | +6.79% |
Max Drawdown (10Y)Largest decline over 10 years | -36.26% | -40.00% | +3.74% |
Current DrawdownCurrent decline from peak | -2.03% | 0.00% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -6.22% | +2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.56% | +0.67% |
Volatility
SPLV vs. VYMI - Volatility Comparison
Invesco S&P 500 Low Volatility ETF (SPLV) has a higher volatility of 3.86% compared to Vanguard International High Dividend Yield ETF (VYMI) at 3.30%. This indicates that SPLV's price experiences larger fluctuations and is considered to be riskier than VYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPLV | VYMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.30% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 8.27% | 11.30% | -3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.70% | 13.22% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.60% | 14.85% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.42% | 16.55% | -1.13% |
SPLV vs. VYMI - Expense Ratio Comparison
SPLV has a 0.25% expense ratio, which is higher than VYMI's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPLV vs. VYMI - Dividend Comparison
SPLV's dividend yield for the trailing twelve months is around 2.12%, less than VYMI's 3.46% yield.
| Position | 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% |
VYMI Vanguard International High Dividend Yield ETF | 3.46% | 3.68% | 4.84% | 4.58% | 4.70% | 4.30% | 3.22% | 4.20% | 4.29% | 3.21% | 2.39% | 0.00% |
Frequently Asked Questions
SPLV and VYMI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPLV has higher volatility (3.86%) compared to VYMI (3.30%). In terms of maximum drawdown, SPLV dropped -36.26% vs VYMI's -40.00%.
On 10-year performance, VYMI leads with 11.00% vs 8.31% for SPLV. On fees, VYMI is cheaper at 0.07% per year. On volatility, VYMI has been the lower-risk option at 3.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VYMI has performed better with a 11.00% return vs 8.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VYMI is cheaper with a 0.07% expense ratio, compared with 0.25% for SPLV.
VYMI has the higher dividend yield at 3.46%, compared with 2.12% for SPLV.
SPLV is categorized as S&P 500, while VYMI is Dividend. SPLV tracks S&P 500 Low Volatility Index, while VYMI tracks FTSE All-World ex US High Dividend Yield Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.25% for SPLV and 0.07% for VYMI.
VYMI currently has the higher Sharpe Ratio (2.59 vs 0.64), 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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