XMLV vs. SPLV
Compare and contrast key facts about Invesco S&P MidCap Low Volatility ETF (XMLV) and Invesco S&P 500® Low Volatility ETF (SPLV).
XMLV and SPLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMLV is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Low Volatility Index. It was launched on Feb 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. Both XMLV and SPLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XMLV or SPLV.
Key characteristics
| XMLV | SPLV | |
|---|---|---|
| YTD Return | 14.98% | 14.84% |
| 1Y Return | 21.53% | 18.54% |
| 3Y Return (Ann) | 6.44% | 6.57% |
| 5Y Return (Ann) | 5.02% | 6.57% |
| 10Y Return (Ann) | 9.23% | 9.61% |
| Sharpe Ratio | 1.64 | 1.90 |
| Daily Std Dev | 12.76% | 9.69% |
| Max Drawdown | -39.86% | -36.26% |
| Current Drawdown | -0.23% | -1.10% |
Correlation
The correlation between XMLV and SPLV 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.
Performance
XMLV vs. SPLV - Performance Comparison
The year-to-date returns for both stocks are quite close, with XMLV having a 14.98% return and SPLV slightly lower at 14.84%. Both investments have delivered pretty close results over the past 10 years, with XMLV having a 9.23% annualized return and SPLV not far ahead at 9.61%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XMLV vs. SPLV - Expense Ratio Comparison
Both XMLV and SPLV have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
XMLV vs. SPLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Low Volatility ETF (XMLV) 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.
Dividends
XMLV vs. SPLV - Dividend Comparison
XMLV's dividend yield for the trailing twelve months is around 1.45%, less than SPLV's 1.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMLV Invesco S&P MidCap Low Volatility ETF | 1.45% | 2.34% | 2.05% | 1.14% | 1.93% | 2.02% | 2.13% | 1.74% | 1.72% | 1.85% | 2.00% | 1.63% |
SPLV Invesco S&P 500® Low Volatility ETF | 1.86% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% | 2.20% | 2.60% |
Drawdowns
XMLV vs. SPLV - Drawdown Comparison
The maximum XMLV drawdown since its inception was -39.86%, which is greater than SPLV's maximum drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for XMLV and SPLV. For additional features, visit the drawdowns tool.
Volatility
XMLV vs. SPLV - Volatility Comparison
Invesco S&P MidCap Low Volatility ETF (XMLV) has a higher volatility of 3.09% compared to Invesco S&P 500® Low Volatility ETF (SPLV) at 2.42%. This indicates that XMLV's price experiences larger fluctuations and is considered to be riskier than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.