Correlation
The correlation between SPMV and USMV 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.
SPMV vs. USMV
Compare and contrast key facts about Invesco S&P 500 Minimum Variance ETF (SPMV) and iShares Edge MSCI Min Vol USA ETF (USMV).
SPMV and USMV 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. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011. Both SPMV and USMV 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 USMV.
Performance
SPMV vs. USMV - Performance Comparison
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Key characteristics
SPMV:
0.94
USMV:
1.25
SPMV:
1.25
USMV:
1.66
SPMV:
1.17
USMV:
1.24
SPMV:
1.04
USMV:
1.66
SPMV:
4.50
USMV:
6.36
SPMV:
2.73%
USMV:
2.45%
SPMV:
14.75%
USMV:
13.17%
SPMV:
-33.17%
USMV:
-33.10%
SPMV:
-0.90%
USMV:
-0.93%
Returns By Period
In the year-to-date period, SPMV achieves a 4.18% return, which is significantly lower than USMV's 5.68% return.
SPMV
4.18%
2.81%
-0.37%
13.75%
9.78%
11.90%
N/A
USMV
5.68%
1.05%
-0.30%
16.36%
10.28%
10.55%
10.54%
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. USMV - Expense Ratio Comparison
SPMV has a 0.10% expense ratio, which is lower than USMV'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%.
Risk-Adjusted Performance
SPMV vs. USMV — Risk-Adjusted Performance Rank
SPMV
USMV
SPMV vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Minimum Variance ETF (SPMV) and iShares Edge MSCI Min Vol USA ETF (USMV). 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.
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Dividends
SPMV vs. USMV - Dividend Comparison
SPMV's dividend yield for the trailing twelve months is around 1.46%, less than USMV's 1.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMV Invesco S&P 500 Minimum Variance ETF | 1.46% | 1.53% | 2.28% | 1.79% | 1.28% | 1.71% | 3.13% | 4.17% | 1.72% | 0.00% | 0.00% | 0.00% |
USMV iShares Edge MSCI Min Vol USA ETF | 1.55% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% |
Drawdowns
SPMV vs. USMV - Drawdown Comparison
The maximum SPMV drawdown since its inception was -33.17%, roughly equal to the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for SPMV and USMV.
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Volatility
SPMV vs. USMV - Volatility Comparison
Invesco S&P 500 Minimum Variance ETF (SPMV) and iShares Edge MSCI Min Vol USA ETF (USMV) have volatilities of 3.62% and 3.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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