SPMV vs. SPLV
Compare and contrast key facts about Invesco S&P 500 Minimum Variance ETF (SPMV) and Invesco S&P 500® Low Volatility ETF (SPLV).
SPMV and SPLV 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. 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. Both SPMV and SPLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPMV or SPLV.
Correlation
The correlation between SPMV and SPLV 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.
Performance
SPMV vs. SPLV - Performance Comparison
Key characteristics
SPMV:
1.96
SPLV:
1.81
SPMV:
2.71
SPLV:
2.50
SPMV:
1.35
SPLV:
1.32
SPMV:
3.17
SPLV:
2.03
SPMV:
10.23
SPLV:
6.63
SPMV:
1.90%
SPLV:
2.63%
SPMV:
9.92%
SPLV:
9.66%
SPMV:
-33.17%
SPLV:
-36.26%
SPMV:
-0.06%
SPLV:
-2.19%
Returns By Period
In the year-to-date period, SPMV achieves a 5.06% return, which is significantly higher than SPLV's 4.44% return.
SPMV
5.06%
2.55%
6.89%
19.70%
9.79%
N/A
SPLV
4.44%
2.01%
5.57%
16.39%
5.69%
8.95%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPMV vs. SPLV - Expense Ratio Comparison
SPMV has a 0.10% expense ratio, which is lower than SPLV's 0.25% 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%.
Risk-Adjusted Performance
SPMV vs. SPLV — Risk-Adjusted Performance Rank
SPMV
SPLV
SPMV vs. SPLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Minimum Variance ETF (SPMV) and Invesco S&P 500® Low Volatility ETF (SPLV). 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.
Dividends
SPMV vs. SPLV - Dividend Comparison
SPMV's dividend yield for the trailing twelve months is around 1.45%, less than SPLV's 1.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMV Invesco S&P 500 Minimum Variance ETF | 1.45% | 1.53% | 2.28% | 1.79% | 1.28% | 1.71% | 3.13% | 4.17% | 1.72% | 0.00% | 0.00% | 0.00% |
SPLV Invesco S&P 500® Low Volatility ETF | 1.60% | 1.88% | 2.45% | 2.11% | 1.50% | 2.13% | 2.08% | 2.17% | 2.03% | 2.03% | 2.28% | 2.20% |
Drawdowns
SPMV vs. SPLV - Drawdown Comparison
The maximum SPMV drawdown since its inception was -33.17%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for SPMV and SPLV. For additional features, visit the drawdowns tool.
Volatility
SPMV vs. SPLV - Volatility Comparison
The current volatility for Invesco S&P 500 Minimum Variance ETF (SPMV) is 2.52%, while Invesco S&P 500® Low Volatility ETF (SPLV) has a volatility of 3.18%. This indicates that SPMV experiences smaller price fluctuations and is considered to be less risky than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.