SPLV — Invesco S&P 500 Low Volatility ETF
US Quality / Factor Ranked #269 of 458 tracked ETFs · Issued by Invesco
SPLV Price Performance — Growth of $10,000
Value of a $10,000 investment in SPLV over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
SPLV Drawdown
The "underwater" chart: SPLV's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in SPLV?
See what a lump sum in SPLV would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The Invesco S&P 500 Low Volatility ETF (SPLV) operates within the US Quality / Factor category, which ETFValuer tracks with 16 funds. Issued by Invesco, this fund holds an overall rank of #269 out of 458 tracked ETFs across all categories and carries an ETFValuer grade of C with a score of 58.9/100. The fund manages $7.06 billion in assets while trading at a price of $77.97, reflecting significant investor adoption relative to its category peers. It charges an expense ratio of 0.25% and offers a dividend yield of 2.14%. The substantial asset base suggests broad market participation despite the moderate overall ranking. These metrics collectively define the fund's position as a large-cap factor vehicle with a mid-tier evaluation score.
Over the last day, the fund gained 0.97%, followed by a weekly increase of 2.96% and a monthly return of 3.11%. The three-month performance accelerated to 6.53%, while the six-month return reached 7.91%. Year-to-date gains stand at 10.92%, contrasting with a one-year return of 8.10%. The three-year annualized return is recorded at 31.70%. This pattern indicates a divergence where the one-year return is lower than the year-to-date figure, suggesting recent momentum has been stronger than the full-year average. The data shows a generally positive trajectory across all measured horizons from one day to three years.
SPLV carries a Low volatility label and a beta of 0.37, indicating significantly lower sensitivity to market movements compared to the broader index. The fund's Sharpe ratio is 0.29, which reflects the risk-adjusted return relative to the volatility experienced. A maximum drawdown of -9.10% represents the largest peak-to-trough decline recorded for the fund. The combination of a low beta and low volatility label suggests the fund is designed to dampen market swings, though the Sharpe ratio indicates modest compensation for the risk taken. The maximum drawdown figure provides a concrete measure of the worst-case scenario loss experienced during the tracked period.
AI-generated summary based on the data on this page.
SPLV Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Invesco Private Prime Fund | 2.10% | $174M |
| 2 | Southern Co. (The) | 1.31% | $108M |
| 3 | CenterPoint Energy, Inc. | 1.30% | $108M |
| 4 | WEC Energy Group Inc. | 1.29% | $107M |
| 5 | Ameren Corp. | 1.29% | $107M |
| 6 | Evergy, Inc. | 1.29% | $106M |
| 7 | Atmos Energy Corp. | 1.28% | $106M |
| 8 | Duke Energy Corp. | 1.27% | $105M |
| 9 | DTE Energy Co. | 1.26% | $104M |
| 10 | Pinnacle West Capital Corp. | 1.26% | $104M |
Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 13.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SPLV's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With SPLV
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SPLV's top 10 — SDY overlaps most, holding 2 of the same companies as SPLV's top 10 (2.6% of SPLV's assets).
| ETF | Name | Shared Companies | SPLV Weight | Examples |
|---|---|---|---|---|
| SDY | State Street SPDR S&P Dividend ETF | 2 | 2.6% | WEC Energy Group Inc., Southern Co. (The) |
| XLU | State Street Utilities Select Sector SPDR ETF | 2 | 2.6% | Southern Co. (The), Duke Energy Corp. |
| USMV | iShares MSCI USA Min Vol Factor ETF | 2 | 2.6% | Southern Co. (The), Duke Energy Corp. |
| VPU | Vanguard Utilities Index Fund ETF Shares | 2 | 2.6% | Southern Co. (The), Duke Energy Corp. |
| JXI | iShares Global Utilities ETF | 2 | 2.6% | Southern Co. (The), Duke Energy Corp. |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What SPLV's Fees Cost You
SPLV charges an expense ratio of 0.25% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
SPLV Dividend Income Estimator
SPLV currently yields 2.14%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
SPLV Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.64% and average daily volume is 2.5M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $7.06B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: SPLV is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
SPLV Performance History
| Period | Return |
|---|---|
| 1-Day | +0.97% |
| 1-Week | +2.96% |
| 1-Month | +3.11% |
| 3-Month | +6.53% |
| 6-Month | +7.91% |
| YTD | +10.92% |
| 1-Year | +8.10% |
| 3-Year | +31.70% |
How SPLV Compares to Other US Quality / Factor ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #10 | B+ |
VLUE | iShares MSCI USA Value Factor ETF | +70.72% | 0.15% | $10.6B |
| #49 | B |
DYNF | iShares U.S. Equity Factor Rotation Active ETF | +20.17% | 0.26% | $38.0B |
| #74 | B |
QUAL | iShares MSCI USA Quality Factor ETF | +18.00% | 0.15% | $45.9B |
| #89 | B |
VFVA | Vanguard U.S. Value Factor ETF Shares | +32.47% | 0.13% | $845M |
| #114 | B |
SPMO | Invesco S&P 500 Momentum ETF | +23.56% | 0.13% | $22.2B |
| #121 | B |
SPHQ | Invesco S&P 500 Quality ETF | +17.31% | 0.15% | $20.4B |
| #151 | B |
MTUM | iShares MSCI USA Momentum Factor ETF | +22.01% | 0.15% | $29.0B |
| #159 | B |
EFAV | iShares MSCI EAFE Min Vol Factor ETF | +13.58% | 0.2% | $5.08B |
| #161 | B |
COWZ | Pacer US Cash Cows 100 ETF | +20.36% | 0.49% | $17.6B |
| #176 | C |
LRGF | iShares U.S. Equity Factor ETF | +15.83% | 0.08% | $3.51B |
| #178 | C |
VFMO | Vanguard U.S. Momentum Factor ETF ETF Shares | +25.87% | 0.13% | $1.96B |
| #216 | C |
VFQY | Vanguard U.S. Quality Factor ETF Shares | +18.68% | 0.13% | $474M |
| #221 | C |
USMV | iShares MSCI USA Min Vol Factor ETF | +6.18% | 0.15% | $23.0B |
| #249 | C |
EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | +14.93% | 0.25% | $3.65B |
| #269 | C |
SPLV | Invesco S&P 500 Low Volatility ETF | +8.10% | 0.25% | $7.06B |
| #274 | C |
ACWV | iShares MSCI Global Min Vol Factor ETF | +7.18% | 0.2% | $3.24B |