XRLV vs. SPLV

Last updated Jun 4, 2026

XRLV (Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF) and SPLV (Invesco S&P 500 Low Volatility ETF) are both S&P 500 funds from Invesco - XRLV tracks the S&P 500 Low Volatility Rate Response Index while SPLV tracks the S&P 500 Low Volatility Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

XRLV vs. SPLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV) and Invesco S&P 500 Low Volatility ETF (SPLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XRLV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPLV

• 1D: 0.08%
• 1M: -2.50%
• YTD: 1.32%
• 6M: 1.06%
• 1Y: -0.03%
• 3Y*: 7.54%
• 5Y*: 5.33%
• 10Y*: 8.01%

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

XRLV vs. SPLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF	6.34%	4.11%	14.11%	0.06%	-4.77%	27.39%	2.56%	29.80%	-3.28%	23.51%
SPLV Invesco S&P 500 Low Volatility ETF	1.32%	4.10%	13.93%	0.53%	-4.88%	24.13%	-1.39%	27.87%	-0.19%	17.32%

Correlation

The correlation between XRLV and SPLV is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Apr 10, 2015	0.91

The correlation between XRLV and SPLV shifts across timeframes, from 0.81 (1 year) to 0.95 (5 years), reflecting how their relationship changes across market environments.

XRLV vs. SPLV - Sectors Allocation Comparison

Sectors	XRLV	SPLV
Utilities	21.5%	26.8%
Financial Services	16.3%	16.6%
Consumer Defensive	15.3%	10.8%
Real Estate	11.6%	14.8%
Healthcare	8.4%	6.8%
Industrials	7.2%	10.1%
Consumer Cyclical	7.1%	5.7%
Technology	5.6%	4.6%
Basic Materials	3.1%	2.0%
Communication Services	2.8%	0.9%
Energy	1.1%	0.9%

Return for Risk

XRLV vs. SPLV — Risk / Return Rank

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

SPLV

SPLV Risk / Return Rank: 8
SPLV Sharpe Ratio Rank: 8
SPLV Sortino Ratio Rank: 8
SPLV Omega Ratio Rank: 8
SPLV Calmar Ratio Rank: 8
SPLV Martin Ratio Rank: 8

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.

XRLV vs. SPLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XRLV	SPLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.00	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.68	—

Drawdowns

Drawdown Indicators

	XRLV	SPLV	Difference
Max Drawdown Largest peak-to-trough decline	—	-36.26%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.26%	—
Current Drawdown Current decline from peak	—	-6.91%	—
Average Drawdown Average peak-to-trough decline	—	-3.55%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.05%	—

Volatility

Volatility by Period

	XRLV	SPLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	9.78%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	12.45%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.36%	—

XRLV vs. SPLV - Expense Ratio Comparison

Both XRLV 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%.

Dividends

XRLV vs. SPLV - Dividend Comparison

XRLV's dividend yield for the trailing twelve months is around 1.53%, less than SPLV's 2.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPLV Invesco S&P 500 Low Volatility ETF	2.22%	2.04%	1.88%	2.45%	2.11%	1.51%	2.12%	2.08%	2.18%	2.03%	2.03%	2.28%
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF	1.53%	2.15%	1.94%	2.57%	1.96%	1.26%	1.65%	1.66%	1.76%	1.39%	1.71%	1.07%

Frequently Asked Questions

Can I hold both XRLV and SPLV in my portfolio?

XRLV and SPLV have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRLV or SPLV?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRLV or SPLV?

XRLV and SPLV have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, XRLV or SPLV?

SPLV has the higher dividend yield at 2.22%, compared with 1.53% for XRLV.

What is the main difference between XRLV and SPLV?

XRLV tracks S&P 500 Low Volatility Rate Response Index, while SPLV tracks S&P 500 Low Volatility Index.