XMLV vs. SELV

Last updated Aug 2, 2026

XMLV (Invesco S&P MidCap Low Volatility ETF) and SELV (SEI Enhanced Low Volatility US Large Cap ETF) are both Low Volatility funds. XMLV is passively managed, while SELV is actively managed. Over the past 3 years, XMLV returned 11.57%/yr vs 12.11%/yr for SELV. Their 0.79 correlation means they have sometimes moved together and sometimes differently. XMLV charges 0.25%/yr vs 0.15%/yr for SELV.

Performance

XMLV vs. SELV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap Low Volatility ETF (XMLV) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XMLV achieves a 11.48% return, which is significantly higher than SELV's 6.90% return.

XMLV

• 1D: -0.40%
• 1M: 1.77%
• 6M: 8.77%
• YTD: 11.48%
• 1Y: 15.65%
• 3Y*: 11.57%
• 5Y*: 7.14%
• 10Y*: 8.01%
• ALL TIME*: 9.98%

SELV

• 1D: 0.50%
• 1M: 2.81%
• 6M: 4.09%
• YTD: 6.90%
• 1Y: 14.21%
• 3Y*: 12.11%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.53%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SELV SEI Enhanced Low Volatility US Large Cap ETF	$608.47K	$511.20K	$528.68K
XMLV Invesco S&P MidCap Low Volatility ETF	$1.62M	$1.47M	$1.28M

XMLV vs. SELV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XMLV Invesco S&P MidCap Low Volatility ETF	11.48%	5.55%	17.08%	1.86%	0.37%
SELV SEI Enhanced Low Volatility US Large Cap ETF	6.90%	12.86%	14.71%	6.58%	-0.61%

Correlation

The correlation between XMLV and SELV is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.75
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.79

The correlation between XMLV and SELV shifts across timeframes, from 0.63 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

XMLV vs. SELV - Sectors Allocation Comparison

Sectors	XMLV	SELV
Real Estate	32.8%	0.1%
Financial Services	26.0%	10.5%
Utilities	17.8%	5.1%
Industrials	10.0%	7.8%
Consumer Cyclical	4.4%	2.4%
Energy	3.7%	2.5%
Consumer Defensive	2.2%	12.2%
Healthcare	2.0%	18.3%
Basic Materials	1.0%	0.4%
Communication Services	1.0%	11.4%
Technology	1.0%	29.3%

Return for Risk

XMLV vs. SELV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XMLV

XMLV Risk / Return Rank: 61
XMLV Sharpe Ratio Rank: 61
XMLV Sortino Ratio Rank: 64
XMLV Omega Ratio Rank: 55
XMLV Calmar Ratio Rank: 62
XMLV Martin Ratio Rank: 61

SELV

SELV Risk / Return Rank: 60
SELV Sharpe Ratio Rank: 59
SELV Sortino Ratio Rank: 63
SELV Omega Ratio Rank: 57
SELV Calmar Ratio Rank: 67
SELV Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XMLV vs. SELV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Low Volatility ETF (XMLV) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). 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.

	XMLV	SELV	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.40	+0.02
Sortino ratio: Return per unit of downside risk	2.13	2.09	+0.03
Omega ratio: Gain probability vs. loss probability	1.24	1.25	-0.01
Calmar ratio: Return relative to maximum drawdown	2.19	2.33	-0.14
Martin ratio: Return relative to average drawdown	7.26	6.25	+1.01

XMLV vs. SELV - Sharpe Ratio Comparison

The current XMLV Sharpe Ratio is 1.43, which is comparable to the SELV Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of XMLV and SELV, 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

XMLV vs. SELV - Drawdown Comparison

The maximum XMLV drawdown since its inception was -39.86%, which is greater than SELV's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for XMLV and SELV.

Drawdown Indicators

	XMLV	SELV	Difference
Max Drawdown Largest peak-to-trough decline	-39.86%	-13.73%	-26.13%
Max Drawdown (1Y) Largest decline over 1 year	-7.03%	-5.92%	-1.11%
Max Drawdown (3Y) Largest decline over 3 years	-13.80%	-8.94%	-4.86%
Max Drawdown (5Y) Largest decline over 5 years	-16.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.86%	—	—
Current Drawdown Current decline from peak	-2.14%	-0.91%	-1.23%
Average Drawdown Average peak-to-trough decline	-4.22%	-2.35%	-1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.21%	-0.09%

Volatility

XMLV vs. SELV - Volatility Comparison

The current volatility for Invesco S&P MidCap Low Volatility ETF (XMLV) is 3.85%, while SEI Enhanced Low Volatility US Large Cap ETF (SELV) has a volatility of 4.54%. This indicates that XMLV experiences smaller price fluctuations and is considered to be less risky than SELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMLV	SELV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	4.54%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	8.02%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	10.82%	9.86%	+0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.50%	11.98%	+2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	11.98%	+4.99%

XMLV vs. SELV - Expense Ratio Comparison

XMLV has a 0.25% expense ratio, which is higher than SELV's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XMLV vs. SELV - Dividend Comparison

XMLV's dividend yield for the trailing twelve months is around 2.85%, more than SELV's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SELV SEI Enhanced Low Volatility US Large Cap ETF	1.67%	1.74%	1.77%	2.06%	1.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XMLV Invesco S&P MidCap Low Volatility ETF	2.85%	2.87%	2.23%	2.34%	2.05%	1.14%	1.93%	2.02%	2.13%	1.74%	1.72%	1.85%

Frequently Asked Questions

Can I hold both XMLV and SELV in my portfolio?

XMLV and SELV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XMLV or SELV?

SELV has higher volatility (4.54%) compared to XMLV (3.85%). In terms of maximum drawdown, XMLV dropped -39.86% vs SELV's -13.73%.

Which ETF is better, XMLV or SELV?

On 3-year performance, SELV leads with 12.11% vs 11.57% for XMLV. On fees, SELV is cheaper at 0.15% per year. On volatility, XMLV has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XMLV or SELV?

Over the 3-year period, SELV has performed better with a 12.11% return vs 11.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XMLV or SELV?

SELV is cheaper with a 0.15% expense ratio, compared with 0.25% for XMLV.

Which ETF pays a higher dividend yield, XMLV or SELV?

XMLV has the higher dividend yield at 2.85%, compared with 1.67% for SELV.

What is the main difference between XMLV and SELV?

They also come from different issuers: Invesco and SEI. Their fees differ too: 0.25% for XMLV and 0.15% for SELV.

Which has better risk-adjusted returns?

XMLV currently has the higher Sharpe Ratio (1.43 vs 1.40), 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.