XMLV vs. VIG

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P MidCap Low Volatility ETF (XMLV) and Vanguard Dividend Appreciation ETF (VIG).

XMLV and VIG 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. VIG is a passively managed fund by Vanguard that tracks the performance of the NASDAQ US Dividend Achievers Select Index. It was launched on Dec 19, 2013. Both XMLV and VIG 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

XMLV vs. VIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap Low Volatility ETF (XMLV) and Vanguard Dividend Appreciation ETF (VIG). The values are adjusted to include any dividend payments, if applicable.

XMLV vs. VIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMLV Invesco S&P MidCap Low Volatility ETF	1.89%	5.55%	17.08%	1.86%	-6.55%	23.00%	-8.42%	23.77%	-0.16%	13.72%
VIG Vanguard Dividend Appreciation ETF	-1.77%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%

Returns By Period

In the year-to-date period, XMLV achieves a 1.89% return, which is significantly higher than VIG's -1.77% return. Over the past 10 years, XMLV has underperformed VIG with an annualized return of 7.78%, while VIG has yielded a comparatively higher 12.25% annualized return.

XMLV

• 1D: 0.80%
• 1M: -4.73%
• YTD: 1.89%
• 6M: 0.66%
• 1Y: 5.09%
• 3Y*: 9.15%
• 5Y*: 5.91%
• 10Y*: 7.78%

VIG

• 1D: 2.07%
• 1M: -5.18%
• YTD: -1.77%
• 6M: 0.45%
• 1Y: 12.67%
• 3Y*: 13.80%
• 5Y*: 9.76%
• 10Y*: 12.25%

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

XMLV vs. VIG - Expense Ratio Comparison

XMLV has a 0.25% expense ratio, which is higher than VIG's 0.04% 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%.

XMLV

Invesco S&P MidCap Low Volatility ETF

VIG

Vanguard Dividend Appreciation ETF

Return for Risk

XMLV vs. VIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XMLV

XMLV Risk / Return Rank: 25
XMLV Sharpe Ratio Rank: 23
XMLV Sortino Ratio Rank: 23
XMLV Omega Ratio Rank: 22
XMLV Calmar Ratio Rank: 25
XMLV Martin Ratio Rank: 30

VIG

VIG Risk / Return Rank: 55
VIG Sharpe Ratio Rank: 50
VIG Sortino Ratio Rank: 52
VIG Omega Ratio Rank: 53
VIG Calmar Ratio Rank: 57
VIG Martin Ratio Rank: 63

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.

XMLV vs. VIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Low Volatility ETF (XMLV) and Vanguard Dividend Appreciation ETF (VIG). 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.

	XMLV	VIG	Difference
Sharpe ratio Return per unit of total volatility	0.37	0.83	-0.46
Sortino ratio Return per unit of downside risk	0.62	1.28	-0.66
Omega ratio Gain probability vs. loss probability	1.08	1.18	-0.10
Calmar ratio Return relative to maximum drawdown	0.56	1.28	-0.72
Martin ratio Return relative to average drawdown	2.42	5.73	-3.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMLV vs. VIG - Sharpe Ratio Comparison

The current XMLV Sharpe Ratio is 0.37, which is lower than the VIG Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of XMLV and VIG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XMLV	VIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	0.83	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.69	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.77	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.57	+0.03

Correlation

The correlation between XMLV and VIG is 0.81, 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

XMLV vs. VIG - Dividend Comparison

XMLV's dividend yield for the trailing twelve months is around 2.93%, more than VIG's 1.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XMLV Invesco S&P MidCap Low Volatility ETF	2.93%	2.87%	2.23%	2.34%	2.05%	1.14%	1.93%	2.02%	2.13%	1.74%	1.72%	1.85%
VIG Vanguard Dividend Appreciation ETF	1.61%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%

Drawdowns

XMLV vs. VIG - Drawdown Comparison

The maximum XMLV drawdown since its inception was -39.86%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for XMLV and VIG.

Drawdown Indicators

	XMLV	VIG	Difference
Max Drawdown Largest peak-to-trough decline	-39.86%	-46.81%	+6.95%
Max Drawdown (1Y) Largest decline over 1 year	-10.67%	-10.83%	+0.16%
Max Drawdown (5Y) Largest decline over 5 years	-16.53%	-20.39%	+3.86%
Max Drawdown (10Y) Largest decline over 10 years	-39.86%	-31.72%	-8.14%
Current Drawdown Current decline from peak	-5.49%	-6.00%	+0.51%
Average Drawdown Average peak-to-trough decline	-4.29%	-5.55%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	2.42%	+0.05%

Volatility

XMLV vs. VIG - Volatility Comparison

The current volatility for Invesco S&P MidCap Low Volatility ETF (XMLV) is 3.35%, while Vanguard Dividend Appreciation ETF (VIG) has a volatility of 4.07%. This indicates that XMLV experiences smaller price fluctuations and is considered to be less risky than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMLV	VIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	4.07%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	7.19%	7.84%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	13.71%	15.31%	-1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.45%	14.26%	+0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	16.05%	+0.92%