SVARX vs. SPLV
Compare and contrast key facts about Spectrum Low Volatility Fund (SVARX) and Invesco S&P 500 Low Volatility ETF (SPLV).
SVARX is managed by Advisors Preferred. It was launched on Dec 15, 2013. SPLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Index. It was launched on May 5, 2011.
Performance
SVARX vs. SPLV - Performance Comparison
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SVARX vs. SPLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVARX Spectrum Low Volatility Fund | 0.25% | 6.22% | 2.60% | 9.67% | -4.35% | 4.10% | 19.50% | 9.42% | -0.99% | 8.25% |
SPLV Invesco S&P 500 Low Volatility ETF | 3.24% | 4.10% | 13.93% | 0.53% | -4.88% | 24.13% | -1.39% | 27.87% | -0.19% | 17.32% |
Returns By Period
In the year-to-date period, SVARX achieves a 0.25% return, which is significantly lower than SPLV's 3.24% return. Over the past 10 years, SVARX has underperformed SPLV with an annualized return of 6.49%, while SPLV has yielded a comparatively higher 8.34% annualized return.
SVARX
- 1D
- 0.04%
- 1M
- -1.62%
- YTD
- 0.25%
- 6M
- 2.20%
- 1Y
- 5.51%
- 3Y*
- 6.04%
- 5Y*
- 3.33%
- 10Y*
- 6.49%
SPLV
- 1D
- 0.26%
- 1M
- -5.14%
- YTD
- 3.24%
- 6M
- 1.55%
- 1Y
- 0.27%
- 3Y*
- 7.81%
- 5Y*
- 6.88%
- 10Y*
- 8.34%
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SVARX vs. SPLV - Expense Ratio Comparison
SVARX has a 2.34% expense ratio, which is higher than SPLV's 0.25% expense ratio.
Return for Risk
SVARX vs. SPLV — Risk / Return Rank
SVARX
SPLV
SVARX vs. SPLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spectrum Low Volatility Fund (SVARX) 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.
| SVARX | SPLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.11 | 0.02 | +2.09 |
Sortino ratioReturn per unit of downside risk | 2.79 | 0.12 | +2.67 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.02 | +0.44 |
Calmar ratioReturn relative to maximum drawdown | 2.19 | 0.03 | +2.16 |
Martin ratioReturn relative to average drawdown | 7.48 | 0.09 | +7.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SVARX | SPLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 0.02 | +2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 0.56 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.75 | 0.54 | +1.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.69 | 0.69 | +1.00 |
Correlation
The correlation between SVARX and SPLV is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SVARX vs. SPLV - Dividend Comparison
SVARX's dividend yield for the trailing twelve months is around 5.93%, more than SPLV's 2.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVARX Spectrum Low Volatility Fund | 5.93% | 5.95% | 9.35% | 3.35% | 0.00% | 5.85% | 0.71% | 4.91% | 2.41% | 6.90% | 9.07% | 3.02% |
SPLV Invesco S&P 500 Low Volatility ETF | 2.12% | 2.04% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% |
Drawdowns
SVARX vs. SPLV - Drawdown Comparison
The maximum SVARX drawdown since its inception was -6.48%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for SVARX and SPLV.
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Drawdown Indicators
| SVARX | SPLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.48% | -36.26% | +29.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -8.88% | +6.33% |
Max Drawdown (5Y)Largest decline over 5 years | -6.48% | -17.26% | +10.78% |
Max Drawdown (10Y)Largest decline over 10 years | -6.48% | -36.26% | +29.78% |
Current DrawdownCurrent decline from peak | -2.51% | -5.14% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -3.54% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 2.89% | -2.14% |
Volatility
SVARX vs. SPLV - Volatility Comparison
The current volatility for Spectrum Low Volatility Fund (SVARX) is 1.00%, while Invesco S&P 500 Low Volatility ETF (SPLV) has a volatility of 3.08%. This indicates that SVARX experiences smaller price fluctuations and is considered to be less risky than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVARX | SPLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 3.08% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 6.84% | -4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.66% | 12.68% | -10.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.08% | 12.43% | -9.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.71% | 15.35% | -11.64% |