SPMV vs. SPY
Compare and contrast key facts about Invesco S&P 500 Minimum Variance ETF (SPMV) and SPDR S&P 500 ETF (SPY).
SPMV and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SPMV and SPY 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 SPY.
Correlation
The correlation between SPMV and SPY is 0.80, 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. SPY - Performance Comparison
Key characteristics
SPMV:
1.93
SPY:
1.87
SPMV:
2.66
SPY:
2.52
SPMV:
1.34
SPY:
1.35
SPMV:
3.11
SPY:
2.81
SPMV:
10.04
SPY:
11.69
SPMV:
1.90%
SPY:
2.02%
SPMV:
9.93%
SPY:
12.65%
SPMV:
-33.17%
SPY:
-55.19%
SPMV:
0.00%
SPY:
0.00%
Returns By Period
In the year-to-date period, SPMV achieves a 5.12% return, which is significantly higher than SPY's 4.58% return.
SPMV
5.12%
3.61%
6.32%
19.90%
9.81%
N/A
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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SPMV vs. SPY - Expense Ratio Comparison
SPMV has a 0.10% expense ratio, which is higher than SPY's 0.09% 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%.
Risk-Adjusted Performance
SPMV vs. SPY — Risk-Adjusted Performance Rank
SPMV
SPY
SPMV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Minimum Variance ETF (SPMV) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
SPMV's dividend yield for the trailing twelve months is around 1.45%, more than SPY's 1.15% 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% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SPMV vs. SPY - Drawdown Comparison
The maximum SPMV drawdown since its inception was -33.17%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPMV and SPY. For additional features, visit the drawdowns tool.
Volatility
SPMV vs. SPY - Volatility Comparison
The current volatility for Invesco S&P 500 Minimum Variance ETF (SPMV) is 2.65%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.00%. This indicates that SPMV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.