SPVM vs. RBIL

Last updated Jul 12, 2026

SPVM (Invesco S&P 500 Value with Momentum ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - SPVM is a Momentum fund tracking the S&P 500 High Momentum Value Index, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, SPVM returned 27.22% vs 4.20% for RBIL. At a correlation of -0.14, they often move in opposite directions. SPVM charges 0.39%/yr vs 0.17%/yr for RBIL.

Performance

SPVM vs. RBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Value with Momentum ETF (SPVM) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPVM achieves a 12.67% return, which is significantly higher than RBIL's 2.66% return.

SPVM

• 1D: 0.63%
• 1M: 1.59%
• 6M: 10.17%
• YTD: 12.67%
• 1Y: 27.22%
• 3Y*: 18.20%
• 5Y*: 11.52%
• 10Y*: 12.08%

RBIL

• 1D: 0.03%
• 1M: 0.08%
• 6M: 2.48%
• YTD: 2.66%
• 1Y: 4.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPVM vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
SPVM Invesco S&P 500 Value with Momentum ETF	12.67%	17.19%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.66%	2.85%

Correlation

The correlation between SPVM and RBIL is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	-0.14

Return for Risk

SPVM vs. RBIL — Risk / Return Rank

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

SPVM

SPVM Risk / Return Rank: 87
SPVM Sharpe Ratio Rank: 88
SPVM Sortino Ratio Rank: 89
SPVM Omega Ratio Rank: 84
SPVM Calmar Ratio Rank: 88
SPVM Martin Ratio Rank: 88

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 98
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 96
RBIL Martin Ratio Rank: 97

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.

SPVM vs. RBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Value with Momentum ETF (SPVM) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPVM	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	2.29	4.54	-2.25
Sortino ratio: Return per unit of downside risk	3.29	7.04	-3.74
Omega ratio: Gain probability vs. loss probability	1.40	2.20	-0.81
Calmar ratio: Return relative to maximum drawdown	4.00	7.57	-3.56
Martin ratio: Return relative to average drawdown	15.23	32.59	-17.36

SPVM vs. RBIL - Sharpe Ratio Comparison

The current SPVM Sharpe Ratio is 2.29, which is lower than the RBIL Sharpe Ratio of 4.54. The chart below compares the historical Sharpe Ratios of SPVM and RBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPVM vs. RBIL - Drawdown Comparison

The maximum SPVM drawdown since its inception was -45.35%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for SPVM and RBIL.

Drawdown Indicators

	SPVM	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-45.35%	-0.56%	-44.79%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	-0.56%	-6.01%
Max Drawdown (3Y) Largest decline over 3 years	-18.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.35%	—	—
Current Drawdown Current decline from peak	-0.32%	-0.17%	-0.15%
Average Drawdown Average peak-to-trough decline	-4.96%	-0.08%	-4.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	0.13%	+1.60%

Volatility

SPVM vs. RBIL - Volatility Comparison

Invesco S&P 500 Value with Momentum ETF (SPVM) has a higher volatility of 3.36% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.33%. This indicates that SPVM's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPVM	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	0.33%	+3.03%
Volatility (6M) Calculated over the trailing 6-month period	7.67%	0.86%	+6.81%
Volatility (1Y) Calculated over the trailing 1-year period	11.52%	0.94%	+10.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.67%	1.06%	+15.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.50%	1.06%	+18.44%

SPVM vs. RBIL - Expense Ratio Comparison

SPVM has a 0.39% expense ratio, which is higher than RBIL's 0.17% expense ratio.

Dividends

SPVM vs. RBIL - Dividend Comparison

SPVM's dividend yield for the trailing twelve months is around 1.97%, less than RBIL's 4.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.37%	3.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPVM Invesco S&P 500 Value with Momentum ETF	1.97%	2.02%	1.91%	2.45%	2.33%	1.41%	2.11%	2.40%	3.10%	1.68%	2.80%	2.67%

Frequently Asked Questions

Can I hold both SPVM and RBIL in my portfolio?

SPVM and RBIL have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPVM or RBIL?

SPVM has higher volatility (3.36%) compared to RBIL (0.33%). In terms of maximum drawdown, SPVM dropped -45.35% vs RBIL's -0.56%.

Which ETF is better, SPVM or RBIL?

On 1-year performance, SPVM leads with 27.22% vs 4.20% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPVM or RBIL?

Over the 1-year period, SPVM has performed better with a 27.22% return vs 4.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPVM or RBIL?

RBIL is cheaper with a 0.17% expense ratio, compared with 0.39% for SPVM.

Which ETF pays a higher dividend yield, SPVM or RBIL?

RBIL has the higher dividend yield at 4.37%, compared with 1.97% for SPVM.

What is the main difference between SPVM and RBIL?

SPVM is categorized as Momentum, while RBIL is Inflation-Protected Bonds. SPVM tracks S&P 500 High Momentum Value Index, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: Invesco and F/m. Their fees differ too: 0.39% for SPVM and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.54 vs 2.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.