SPMV vs. CWS

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P 500 Minimum Variance ETF (SPMV) and AdvisorShares Focused Equity ETF (CWS).

SPMV and CWS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPMV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Minimum Volatility Index. It was launched on Jul 13, 2017. CWS is an actively managed fund by AdvisorShares. It was launched on Sep 20, 2016.

Performance

SPMV vs. CWS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Minimum Variance ETF (SPMV) and AdvisorShares Focused Equity ETF (CWS). The values are adjusted to include any dividend payments, if applicable.

SPMV vs. CWS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPMV Invesco S&P 500 Minimum Variance ETF	0.87%	11.69%	18.78%	10.28%	-10.84%	24.35%	8.57%	32.13%	-6.28%	7.84%
CWS AdvisorShares Focused Equity ETF	-5.77%	6.43%	9.82%	25.06%	-10.42%	22.20%	17.12%	30.97%	-6.46%	13.13%

Returns By Period

SPMV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CWS

• 1D: 2.17%
• 1M: -7.22%
• YTD: -5.77%
• 6M: -5.35%
• 1Y: -0.78%
• 3Y*: 8.80%
• 5Y*: 7.95%
• 10Y*: —

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

SPMV vs. CWS - Expense Ratio Comparison

SPMV has a 0.10% expense ratio, which is lower than CWS's 0.77% expense ratio.

CWS

AdvisorShares Focused Equity ETF

SPMV

Invesco S&P 500 Minimum Variance ETF

Return for Risk

SPMV vs. CWS — Risk / Return Rank

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

CWS

CWS Risk / Return Rank: 11
CWS Sharpe Ratio Rank: 11
CWS Sortino Ratio Rank: 11
CWS Omega Ratio Rank: 11
CWS Calmar Ratio Rank: 12
CWS Martin Ratio Rank: 12

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.

SPMV vs. CWS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Minimum Variance ETF (SPMV) and AdvisorShares Focused Equity ETF (CWS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPMV	CWS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.05	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.65	—

Correlation

The correlation between SPMV and CWS is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SPMV vs. CWS - Dividend Comparison

SPMV's dividend yield for the trailing twelve months is around 1.45%, more than CWS's 0.32% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SPMV Invesco S&P 500 Minimum Variance ETF	1.45%	1.53%	1.53%	2.28%	1.79%	1.28%	1.71%	3.13%	2.11%	1.72%	0.00%
CWS AdvisorShares Focused Equity ETF	0.32%	0.31%	0.59%	0.25%	0.50%	0.16%	0.27%	0.39%	2.07%	0.29%	0.03%

Drawdowns

Drawdown Indicators

	SPMV	CWS	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.82%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.87%	—
Current Drawdown Current decline from peak	—	-10.01%	—
Average Drawdown Average peak-to-trough decline	—	-4.51%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.04%	—

Volatility

Volatility by Period

	SPMV	CWS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.29%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.64%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.96%	—