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SPVU vs. IWD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SPVU vs. IWD

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P 500 Enhanced Value ETF (SPVU) and iShares Russell 1000 Value ETF (IWD).

SPVU and IWD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPVU is a passively managed fund by Invesco that tracks the performance of the S&P 500 Enhanced Value Index. It was launched on Oct 9, 2015. IWD is a passively managed fund by iShares that tracks the performance of the Russell 1000 Value Index. It was launched on May 22, 2000. Both SPVU and IWD 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

SPVU vs. IWD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Enhanced Value ETF (SPVU) and iShares Russell 1000 Value ETF (IWD). The values are adjusted to include any dividend payments, if applicable.

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SPVU vs. IWD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPVU
Invesco S&P 500 Enhanced Value ETF		5.51%19.08%14.40%11.71%-5.61%35.27%-9.98%28.86%-9.51%18.77%
IWD
iShares Russell 1000 Value ETF		2.58%15.68%14.17%11.34%-7.75%24.95%2.73%26.12%-8.45%13.45%

Returns By Period

In the year-to-date period, SPVU achieves a 5.51% return, which is significantly higher than IWD's 2.58% return. Over the past 10 years, SPVU has outperformed IWD with an annualized return of 12.17%, while IWD has yielded a comparatively lower 10.39% annualized return.

SPVU

1D
0.76%
1M
-3.49%
YTD
5.51%
6M
10.86%
1Y
18.92%
3Y*
17.49%
5Y*
11.27%
10Y*
12.17%

IWD

1D
0.59%
1M
-4.17%
YTD
2.58%
6M
6.34%
1Y
16.41%
3Y*
14.33%
5Y*
9.14%
10Y*
10.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P 500 Enhanced Value ETF

iShares Russell 1000 Value ETF

Often compared with SPVU:
SPVU vs. ONEYSPVU vs. DESPVU vs. FDVVSPVU vs. SPYSPVU vs. VXX
Often compared with IWD:
IWD vs. IWFIWD vs. VTVIWD vs. IWBIWD vs. QQQIWD vs. VONVIWD vs. IWVIWD vs. IWR

SPVU vs. IWD - Expense Ratio Comparison

SPVU has a 0.13% expense ratio, which is lower than IWD's 0.18% 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%.

IWD
iShares Russell 1000 Value ETF
SPVU
Invesco S&P 500 Enhanced Value ETF

Return for Risk

SPVU vs. IWD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPVU
SPVU Risk / Return Rank: 5656
Overall Rank
SPVU Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
SPVU Sortino Ratio Rank: 5858
Sortino Ratio Rank
SPVU Omega Ratio Rank: 5757
Omega Ratio Rank
SPVU Calmar Ratio Rank: 5151
Calmar Ratio Rank
SPVU Martin Ratio Rank: 5555
Martin Ratio Rank
IWD
IWD Risk / Return Rank: 5757
Overall Rank
IWD Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IWD Sortino Ratio Rank: 5656
Sortino Ratio Rank
IWD Omega Ratio Rank: 6060
Omega Ratio Rank
IWD Calmar Ratio Rank: 5151
Calmar Ratio Rank
IWD Martin Ratio Rank: 6363
Martin Ratio Rank
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.

SPVU vs. IWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Enhanced Value ETF (SPVU) and iShares Russell 1000 Value ETF (IWD). 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.

SPVUIWDDifference

Sharpe ratio

Return per unit of total volatility

1.14

1.05

+0.09

Sortino ratio

Return per unit of downside risk

1.61

1.51

+0.10

Omega ratio

Gain probability vs. loss probability

1.23

1.23

0.00

Calmar ratio

Return relative to maximum drawdown

1.54

1.38

+0.16

Martin ratio

Return relative to average drawdown

6.33

6.45

-0.12

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPVU vs. IWD - Sharpe Ratio Comparison

The current SPVU Sharpe Ratio is 1.14, which is comparable to the IWD Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of SPVU and IWD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SPVUIWDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.14

1.05

+0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.62

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.60

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.40

+0.14

Correlation

The correlation between SPVU and IWD 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

SPVU vs. IWD - Dividend Comparison

SPVU's dividend yield for the trailing twelve months is around 2.28%, more than IWD's 1.66% yield.

TTM20252024202320222021202020192018201720162015
SPVU
Invesco S&P 500 Enhanced Value ETF		2.28%2.42%2.71%3.05%2.49%2.31%2.70%2.23%2.48%2.37%1.11%0.54%
IWD
iShares Russell 1000 Value ETF		1.66%1.69%1.87%2.02%2.15%1.62%2.05%2.45%2.71%2.09%2.25%2.47%

Drawdowns

SPVU vs. IWD - Drawdown Comparison

The maximum SPVU drawdown since its inception was -48.05%, smaller than the maximum IWD drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for SPVU and IWD.

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Drawdown Indicators

SPVUIWDDifference

Max Drawdown

Largest peak-to-trough decline

-48.05%

-60.10%

+12.05%

Max Drawdown (1Y)

Largest decline over 1 year

-12.17%

-11.80%

-0.37%

Max Drawdown (5Y)

Largest decline over 5 years

-21.95%

-19.04%

-2.91%

Max Drawdown (10Y)

Largest decline over 10 years

-48.05%

-38.51%

-9.54%

Current Drawdown

Current decline from peak

-3.49%

-4.33%

+0.84%

Average Drawdown

Average peak-to-trough decline

-6.43%

-8.71%

+2.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.96%

2.52%

+0.44%

Volatility

SPVU vs. IWD - Volatility Comparison

Invesco S&P 500 Enhanced Value ETF (SPVU) and iShares Russell 1000 Value ETF (IWD) have volatilities of 4.26% and 4.26%, 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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Volatility by Period

SPVUIWDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.26%

4.26%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

9.49%

8.28%

+1.21%

Volatility (1Y)

Calculated over the trailing 1-year period

16.65%

15.74%

+0.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.34%

14.80%

+2.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.08%

17.28%

+3.80%