SPMV vs. SELV

Last updated Jun 5, 2026

SPMV (Invesco S&P 500 Minimum Variance ETF) and SELV (SEI Enhanced Low Volatility US Large Cap ETF) are both exchange-traded funds - SPMV is a S&P 500 fund tracking the S&P 500 Minimum Volatility Index, while SELV is a Large Cap Blend Equities fund actively managed by SEI. SPMV is passively managed, while SELV is actively managed. Their correlation of 0.85 suggests significant overlap in exposure. SPMV charges 0.10%/yr vs 0.15%/yr for SELV.

Performance

SPMV vs. SELV - Performance Comparison

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

Returns By Period

SPMV

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

SELV

• 1D: 0.67%
• 1M: 1.14%
• YTD: 2.37%
• 6M: 3.42%
• 1Y: 8.37%
• 3Y*: 11.56%
• 5Y*: —
• 10Y*: —

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

SPMV vs. SELV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SPMV Invesco S&P 500 Minimum Variance ETF	0.87%	11.69%	18.78%	10.28%	1.91%
SELV SEI Enhanced Low Volatility US Large Cap ETF	2.37%	12.86%	14.71%	6.58%	1.38%

Correlation

The correlation between SPMV and SELV is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since May 19, 2022	0.85

Over the past year, the correlation between SPMV and SELV has dropped to 0.58 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

SPMV vs. SELV - Sectors Allocation Comparison

Sectors	SPMV	SELV
Technology	26.9%	21.4%
Financial Services	17.8%	4.8%
Healthcare	15.0%	17.0%
Consumer Defensive	10.7%	12.3%
Consumer Cyclical	6.6%	4.9%
Communication Services	6.5%	15.8%
Industrials	6.0%	7.5%
Energy	4.8%	4.3%
Utilities	2.8%	7.6%
Basic Materials	2.6%	2.8%
Real Estate	0.2%	0.1%

Return for Risk

SPMV vs. SELV — Risk / Return Rank

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

SELV

SELV Risk / Return Rank: 27
SELV Sharpe Ratio Rank: 27
SELV Sortino Ratio Rank: 26
SELV Omega Ratio Rank: 25
SELV Calmar Ratio Rank: 30
SELV Martin Ratio Rank: 29

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. SELV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Minimum Variance ETF (SPMV) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). 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	SELV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.79	—

Drawdowns

Drawdown Indicators

	SPMV	SELV	Difference
Max Drawdown Largest peak-to-trough decline	—	-13.73%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.94%	—
Current Drawdown Current decline from peak	—	-2.52%	—
Average Drawdown Average peak-to-trough decline	—	-2.36%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.04%	—

Volatility

Volatility by Period

	SPMV	SELV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	8.81%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.85%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.85%	—

SPMV vs. SELV - Expense Ratio Comparison

SPMV has a 0.10% expense ratio, which is lower than SELV's 0.15% 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. SELV - Dividend Comparison

SPMV's dividend yield for the trailing twelve months is around 1.45%, less than SELV's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SELV SEI Enhanced Low Volatility US Large Cap ETF	1.75%	1.74%	1.77%	2.06%	1.26%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both SPMV and SELV in my portfolio?

SPMV and SELV have a correlation of 0.58, 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 SELV?

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 SELV?

SPMV is cheaper with a 0.10% expense ratio, compared with 0.15% for SELV.

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

SELV has the higher dividend yield at 1.75%, compared with 1.45% for SPMV.

What is the main difference between SPMV and SELV?

SPMV is categorized as S&P 500, while SELV is Large Cap Blend Equities. They also come from different issuers: Invesco and SEI. Their fees differ too: 0.10% for SPMV and 0.15% for SELV.