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SPYV vs. SPVM
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SPYV vs. SPVM

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR Portfolio S&P 500 Value ETF (SPYV) and Invesco S&P 500 Value with Momentum ETF (SPVM).

SPYV and SPVM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYV is a passively managed fund by State Street that tracks the performance of the S&P 500 Value. It was launched on Sep 25, 2000. SPVM is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Momentum Value Index. It was launched on Jun 16, 2011. Both SPYV and SPVM 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

SPYV vs. SPVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P 500 Value ETF (SPYV) and Invesco S&P 500 Value with Momentum ETF (SPVM). The values are adjusted to include any dividend payments, if applicable.

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SPYV vs. SPVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPYV
SPDR Portfolio S&P 500 Value ETF		0.09%13.18%12.24%22.20%-5.28%24.91%1.38%31.70%-9.01%15.40%
SPVM
Invesco S&P 500 Value with Momentum ETF		2.48%20.47%15.64%5.53%-2.10%28.86%-3.18%29.33%-9.17%14.70%

Returns By Period

In the year-to-date period, SPYV achieves a 0.09% return, which is significantly lower than SPVM's 2.48% return. Both investments have delivered pretty close results over the past 10 years, with SPYV having a 11.42% annualized return and SPVM not far ahead at 11.62%.

SPYV

1D
0.12%
1M
-4.32%
YTD
0.09%
6M
3.04%
1Y
13.08%
3Y*
13.89%
5Y*
10.49%
10Y*
11.42%

SPVM

1D
0.28%
1M
-3.84%
YTD
2.48%
6M
6.70%
1Y
23.16%
3Y*
15.82%
5Y*
10.59%
10Y*
11.62%
*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.

SPDR Portfolio S&P 500 Value ETF

Invesco S&P 500 Value with Momentum ETF

Often compared with SPYV:
SPYV vs. SPYGSPYV vs. VTVSPYV vs. SPYSPYV vs. SPHQSPYV vs. SCHDSPYV vs. SPYDSPYV vs. BRK-B
Often compared with SPVM:
SPVM vs. SPMOSPVM vs. SPYSPVM vs. SCHDSPVM vs. MTUMSPVM vs. VOOSPVM vs. VTVSPVM vs. RPV

SPYV vs. SPVM - Expense Ratio Comparison

SPYV has a 0.04% expense ratio, which is lower than SPVM's 0.39% expense ratio.

SPVM
Invesco S&P 500 Value with Momentum ETF
SPYV
SPDR Portfolio S&P 500 Value ETF

Return for Risk

SPYV vs. SPVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPYV
SPYV Risk / Return Rank: 4545
Overall Rank
SPYV Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
SPYV Sortino Ratio Rank: 4444
Sortino Ratio Rank
SPYV Omega Ratio Rank: 4848
Omega Ratio Rank
SPYV Calmar Ratio Rank: 4040
Calmar Ratio Rank
SPYV Martin Ratio Rank: 5151
Martin Ratio Rank
SPVM
SPVM Risk / Return Rank: 7474
Overall Rank
SPVM Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SPVM Sortino Ratio Rank: 7575
Sortino Ratio Rank
SPVM Omega Ratio Rank: 7373
Omega Ratio Rank
SPVM Calmar Ratio Rank: 7070
Calmar Ratio Rank
SPVM Martin Ratio Rank: 7777
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.

SPYV vs. SPVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) and Invesco S&P 500 Value with Momentum ETF (SPVM). 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.

SPYVSPVMDifference

Sharpe ratio

Return per unit of total volatility

0.85

1.40

-0.55

Sortino ratio

Return per unit of downside risk

1.27

1.97

-0.70

Omega ratio

Gain probability vs. loss probability

1.19

1.28

-0.09

Calmar ratio

Return relative to maximum drawdown

1.08

1.86

-0.78

Martin ratio

Return relative to average drawdown

5.09

8.70

-3.60

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

SPYV vs. SPVM - Sharpe Ratio Comparison

The current SPYV Sharpe Ratio is 0.85, which is lower than the SPVM Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of SPYV and SPVM, 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

SPYVSPVMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.85

1.40

-0.55

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.63

+0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

0.60

+0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.61

-0.20

Correlation

The correlation between SPYV and SPVM is 0.84, 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

SPYV vs. SPVM - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 1.82%, less than SPVM's 2.02% yield.

TTM20252024202320222021202020192018201720162015
SPYV
SPDR Portfolio S&P 500 Value ETF		1.82%1.77%2.29%1.75%2.22%2.10%2.38%2.25%2.97%2.77%2.39%2.53%
SPVM
Invesco S&P 500 Value with Momentum ETF		2.02%2.02%1.91%2.45%2.33%1.41%2.11%2.40%3.10%1.68%2.80%2.67%

Drawdowns

SPYV vs. SPVM - Drawdown Comparison

The maximum SPYV drawdown since its inception was -58.45%, which is greater than SPVM's maximum drawdown of -45.35%. Use the drawdown chart below to compare losses from any high point for SPYV and SPVM.

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Drawdown Indicators

SPYVSPVMDifference

Max Drawdown

Largest peak-to-trough decline

-58.45%

-45.35%

-13.10%

Max Drawdown (1Y)

Largest decline over 1 year

-12.03%

-12.37%

+0.34%

Max Drawdown (5Y)

Largest decline over 5 years

-17.89%

-19.48%

+1.59%

Max Drawdown (10Y)

Largest decline over 10 years

-36.89%

-45.35%

+8.46%

Current Drawdown

Current decline from peak

-4.43%

-4.08%

-0.35%

Average Drawdown

Average peak-to-trough decline

-8.77%

-5.03%

-3.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

2.65%

-0.09%

Volatility

SPYV vs. SPVM - Volatility Comparison

SPDR Portfolio S&P 500 Value ETF (SPYV) has a higher volatility of 3.79% compared to Invesco S&P 500 Value with Momentum ETF (SPVM) at 3.49%. This indicates that SPYV's price experiences larger fluctuations and is considered to be riskier than SPVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPYVSPVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

3.49%

+0.30%

Volatility (6M)

Calculated over the trailing 6-month period

7.76%

8.54%

-0.78%

Volatility (1Y)

Calculated over the trailing 1-year period

15.52%

16.65%

-1.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.43%

16.85%

-2.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.96%

19.58%

-2.62%