SURE vs. SPLV
SURE (AdvisorShares Insider Advantage ETF) and SPLV (Invesco S&P 500 Low Volatility ETF) are both exchange-traded funds - SURE is a Large Cap Value Equities fund actively managed by AdvisorShares, while SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index. SURE is actively managed, while SPLV is passively managed. Over the past 10 years, SURE returned 11.41%/yr vs 8.38%/yr for SPLV. A 0.62 correlation means they provide meaningful diversification when combined. SURE charges 0.90%/yr vs 0.25%/yr for SPLV.
Performance
SURE vs. SPLV - Performance Comparison
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Returns By Period
In the year-to-date period, SURE achieves a 12.58% return, which is significantly higher than SPLV's 5.06% return. Over the past 10 years, SURE has outperformed SPLV with an annualized return of 11.41%, while SPLV has yielded a comparatively lower 8.38% annualized return.
SURE
- 1D
- -0.61%
- 1M
- 3.19%
- YTD
- 12.58%
- 6M
- 11.25%
- 1Y
- 25.13%
- 3Y*
- 17.32%
- 5Y*
- 9.76%
- 10Y*
- 11.41%
SPLV
- 1D
- 1.32%
- 1M
- 0.35%
- YTD
- 5.06%
- 6M
- 4.84%
- 1Y
- 4.45%
- 3Y*
- 8.50%
- 5Y*
- 6.37%
- 10Y*
- 8.38%
SURE vs. SPLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SURE AdvisorShares Insider Advantage ETF | 12.58% | 10.58% | 12.17% | 23.30% | -11.24% | 23.87% | 8.76% | 28.89% | -17.03% | 13.16% |
SPLV Invesco S&P 500 Low Volatility ETF | 5.06% | 4.10% | 13.93% | 0.53% | -4.88% | 24.13% | -1.39% | 27.87% | -0.19% | 17.32% |
Correlation
The correlation between SURE and SPLV is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2011 | 0.62 |
Over the past year, the correlation between SURE and SPLV has dropped to 0.35 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
SURE vs. SPLV — Risk / Return Rank
SURE
SPLV
SURE vs. SPLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Insider Advantage ETF (SURE) and Invesco S&P 500 Low Volatility ETF (SPLV). 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.
| SURE | SPLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.08 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 0.60 | +2.95 |
| Martin ratioReturn relative to average drawdown | 13.07 | 1.39 | +11.68 |
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Drawdowns
SURE vs. SPLV - Drawdown Comparison
The maximum SURE drawdown since its inception was -35.68%, roughly equal to the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for SURE and SPLV.
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Drawdown Indicators
| SURE | SPLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.68% | -36.26% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -7.41% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -9.64% | -11.90% |
Max Drawdown (5Y)Largest decline over 5 years | -23.75% | -17.26% | -6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -35.68% | -36.26% | +0.58% |
Current DrawdownCurrent decline from peak | -1.68% | -3.47% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -3.55% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 3.20% | -1.27% |
Volatility
SURE vs. SPLV - Volatility Comparison
AdvisorShares Insider Advantage ETF (SURE) and Invesco S&P 500 Low Volatility ETF (SPLV) have volatilities of 4.16% 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
| SURE | SPLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 4.26% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 7.38% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.23% | 10.28% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 12.50% | +4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.56% | 15.39% | +2.17% |
SURE vs. SPLV - Expense Ratio Comparison
SURE has a 0.90% expense ratio, which is higher than SPLV's 0.25% expense ratio.
Dividends
SURE vs. SPLV - Dividend Comparison
SURE's dividend yield for the trailing twelve months is around 0.90%, less than SPLV's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPLV Invesco S&P 500 Low Volatility ETF | 2.16% | 2.04% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% |
SURE AdvisorShares Insider Advantage ETF | 0.90% | 1.01% | 0.68% | 1.11% | 1.72% | 1.08% | 1.28% | 1.09% | 1.26% | 0.65% | 1.14% | 0.77% |
Frequently Asked Questions
SURE and SPLV have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPLV has higher volatility (4.26%) compared to SURE (4.16%). In terms of maximum drawdown, SURE dropped -35.68% vs SPLV's -36.26%.
On 10-year performance, SURE leads with 11.41% vs 8.38% for SPLV. On fees, SPLV is cheaper at 0.25% per year. On volatility, SURE has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SURE has performed better with a 11.41% return vs 8.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPLV is cheaper with a 0.25% expense ratio, compared with 0.90% for SURE.
SPLV has the higher dividend yield at 2.16%, compared with 0.90% for SURE.
SURE is categorized as Large Cap Value Equities, while SPLV is S&P 500. They also come from different issuers: AdvisorShares and Invesco. Their fees differ too: 0.90% for SURE and 0.25% for SPLV.
SURE currently has the higher Sharpe Ratio (1.91 vs 0.44), 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.
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