SPMV vs. XCLR

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P 500 Minimum Variance ETF (SPMV) and Global X S&P 500 Collar 95-110 ETF (XCLR).

SPMV and XCLR 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. XCLR is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 3-Month Collar 95-110 Index. It was launched on Aug 25, 2021. Both SPMV and XCLR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPMV vs. XCLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Minimum Variance ETF (SPMV) and Global X S&P 500 Collar 95-110 ETF (XCLR). The values are adjusted to include any dividend payments, if applicable.

SPMV vs. XCLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SPMV Invesco S&P 500 Minimum Variance ETF	0.87%	11.69%	18.78%	10.28%	-10.84%	7.99%
XCLR Global X S&P 500 Collar 95-110 ETF	-5.35%	10.25%	20.67%	15.64%	-12.93%	3.44%

Returns By Period

SPMV

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

XCLR

• 1D: 1.50%
• 1M: -5.30%
• YTD: -5.35%
• 6M: -3.90%
• 1Y: 10.04%
• 3Y*: 12.02%
• 5Y*: —
• 10Y*: —

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

SPMV vs. XCLR - Expense Ratio Comparison

SPMV has a 0.10% expense ratio, which is lower than XCLR'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%.

XCLR

Global X S&P 500 Collar 95-110 ETF

SPMV

Invesco S&P 500 Minimum Variance ETF

Return for Risk

SPMV vs. XCLR — Risk / Return Rank

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

XCLR

XCLR Risk / Return Rank: 53
XCLR Sharpe Ratio Rank: 55
XCLR Sortino Ratio Rank: 54
XCLR Omega Ratio Rank: 48
XCLR Calmar Ratio Rank: 51
XCLR Martin Ratio Rank: 56

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. XCLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Minimum Variance ETF (SPMV) and Global X S&P 500 Collar 95-110 ETF (XCLR). 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	XCLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.58	—

Correlation

The correlation between SPMV and XCLR is 0.83, 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.

Dividends

SPMV vs. XCLR - Dividend Comparison

SPMV's dividend yield for the trailing twelve months is around 1.45%, less than XCLR's 13.90% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
XCLR Global X S&P 500 Collar 95-110 ETF	13.90%	13.15%	18.76%	1.40%	1.01%	1.70%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	SPMV	XCLR	Difference
Max Drawdown Largest peak-to-trough decline	—	-14.63%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.29%	—
Current Drawdown Current decline from peak	—	-6.91%	—
Average Drawdown Average peak-to-trough decline	—	-4.82%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.98%	—

Volatility

Volatility by Period

	SPMV	XCLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.52%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	10.58%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	10.58%	—