SPMV vs. LGLV

Last updated Aug 2, 2026

SPMV (Invesco S&P 500 Minimum Variance ETF) and LGLV (SPDR SSGA US Large Cap Low Volatility Index ETF) are both exchange-traded funds - SPMV is a S&P 500 fund tracking the S&P 500 Minimum Volatility Index, while LGLV is a Low Volatility fund tracking the State Street U.S. Large Cap Low Volatility Index. Both are passively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. SPMV charges 0.10%/yr vs 0.12%/yr for LGLV.

Performance

SPMV vs. LGLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Minimum Variance ETF (SPMV) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPMV

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

LGLV

• 1D: 0.02%
• 1M: 0.47%
• 6M: 3.70%
• YTD: 7.61%
• 1Y: 10.51%
• 3Y*: 11.84%
• 5Y*: 8.32%
• 10Y*: 11.19%
• ALL TIME*: 11.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	$5.56M	$4.60M	$5.45M

SPMV vs. LGLV - 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%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	7.61%	8.37%	16.22%	9.19%	-8.17%	27.95%	7.42%	30.83%	0.32%	7.36%

Correlation

The correlation between SPMV and LGLV is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (All Time) Calculated using the full available price history since Aug 24, 2017	0.78

Over the past year, the correlation between SPMV and LGLV has dropped to 0.43 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

SPMV vs. LGLV - Sectors Allocation Comparison

Sectors	SPMV	LGLV
Technology	26.9%	9.0%
Financial Services	17.8%	10.0%
Healthcare	15.0%	7.3%
Consumer Defensive	10.7%	5.6%
Consumer Cyclical	6.6%	9.1%
Communication Services	6.5%	3.9%
Industrials	6.0%	18.7%
Energy	4.8%	3.5%
Utilities	2.8%	11.8%
Basic Materials	2.6%	3.4%
Real Estate	0.2%	17.8%

Return for Risk

SPMV vs. LGLV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPMV

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

LGLV

LGLV Risk / Return Rank: 39
LGLV Sharpe Ratio Rank: 40
LGLV Sortino Ratio Rank: 41
LGLV Omega Ratio Rank: 37
LGLV Calmar Ratio Rank: 42
LGLV Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPMV vs. LGLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Minimum Variance ETF (SPMV) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). 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.

	SPMV	LGLV	Difference
Sharpe ratio: Return per unit of total volatility	—	0.99	—
Sortino ratio: Return per unit of downside risk	—	1.53	—
Omega ratio: Gain probability vs. loss probability	—	1.17	—
Calmar ratio: Return relative to maximum drawdown	—	1.47	—
Martin ratio: Return relative to average drawdown	—	3.41	—

Drawdowns

Drawdown Indicators

	SPMV	LGLV	Difference
Max Drawdown Largest peak-to-trough decline	—	-36.64%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.86%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.64%	—
Current Drawdown Current decline from peak	—	-2.14%	—
Average Drawdown Average peak-to-trough decline	—	-3.21%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.95%	—

Volatility

Volatility by Period

	SPMV	LGLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.16%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.03%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.09%	—

SPMV vs. LGLV - Expense Ratio Comparison

SPMV has a 0.10% expense ratio, which is lower than LGLV's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPMV vs. LGLV - Dividend Comparison

SPMV has not paid dividends to shareholders, while LGLV's dividend yield for the trailing twelve months is around 1.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	1.99%	1.94%	1.93%	2.03%	1.95%	1.65%	1.98%	1.89%	2.09%	4.39%	2.54%	2.97%
SPMV Invesco S&P 500 Minimum Variance ETF	1.05%	1.53%	1.53%	2.28%	1.79%	1.28%	1.71%	3.13%	2.11%	1.72%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPMV and LGLV in my portfolio?

SPMV and LGLV have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPMV or LGLV?

On fees, SPMV is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPMV or LGLV?

SPMV is cheaper with a 0.10% expense ratio, compared with 0.12% for LGLV.

Which ETF pays a higher dividend yield, SPMV or LGLV?

LGLV has the higher dividend yield at 1.99%, compared with 1.05% for SPMV.

What is the main difference between SPMV and LGLV?

SPMV is categorized as S&P 500, while LGLV is Low Volatility. SPMV tracks S&P 500 Minimum Volatility Index, while LGLV tracks State Street U.S. Large Cap Low Volatility Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.10% for SPMV and 0.12% for LGLV.