SPLV
Invesco S&P 500 Low Volatility ETF
The Invesco S&P 500 Low Volatility Portfolio seeks results that correspond (before fees and expenses) generally to the price and yield of the S&P 500 Low Volatility Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
7.7 B
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 05, 2011 |
| Assets (mns) | $7,688 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Volatility |
| Weighting | Volatility |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EVERGY, INC. | 1.3 % |
| COCA-COLA CO/THE | 1.2 % |
| ATMOS ENERGY CORP | 1.2 % |
| CMS ENERGY CORP | 1.1 % |
| WEC ENERGY GROUP INC | 1.1 % |
| CHURCH & DWIGHT CO INC | 1.1 % |
| LINDE PLC | 1.1 % |
| SOUTHERN CO | 1.1 % |
| PINNACLE WEST CAPITAL | 1.1 % |
| L3HARRIS TECHNOLOGIES INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 99 |
| Herfindahl-Hirschman Index | 100 |
| Wgt avg mkt cap (mns) | $94,897 |
| Large cap (>$10bn) | 98.4% |
| Mid cap ($2-10bn) | 0.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.1% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.5 % |
 |
IRELAND | 2.9 % |
 |
BRITAIN | 1.1 % |
 |
SWITZERLAND | 0.9 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.0% | 12.1% | 7.7% | 5.5% | 7.9% | 7.1% | -- | 7.9% |
| Dividend Yield | 1.0% | 2.0% | 2.3% | 2.3% | 2.2% | 2.3% | -- | 2.5% |
| Total Returns | 5.0% | 14.2% | 10.0% | 7.8% | 10.2% | 9.4% | -- | 10.5% | Ann. Volatility | 16.4% | 13.4% | 11.6% | 12.7% | 12.8% | 15.8% | -- | 14.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.60 | 57% |
| MSCI EAFE | 0.61 | 63% |
| MSCI Emg Mkts | 0.39 | 27% |
Liquidity Measures
| Avg. volume (000) | 1,747 |
| ADV traded (mns) | $127 |
| Turnover | 1.7% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| Recent close | $72.87 |
| 30d moving avg. | $72.61 |
| Annualized volatility | 12.7% |
| Relative strength (RSI) | 50 |
| Short interest | 3.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| XRLV | Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF | 96.4% | 0 bp | +5.4% |
| HUSV | First Trust Horizon Managed Volatility Domestic ETF | 57.8% | +45 bp | +4.7% |
| LGLV | SPDR SSGA US Large Cap Low Volatility Index ETF | 46.1% | -13 bp | +5.7% |
| USMV | iShares MSCI USA Min Vol Factor ETF | 38.1% | -10 bp | +5.7% |
| ESMV | iShares ESG MSCI USA Min Vol Factor ETF | 34.1% | -7 bp | +5.8% |
| SDY | SPDR S&P Dividend ETF | 31.5% | +10 bp | +6.6% |
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | 31.2% | +10 bp | +6.1% |
| VFMV | Vanguard U.S. Minimum Volatility ETF | 30.5% | -12 bp | +5.7% |
| FDLO | Fidelity Low Volatility Factor ETF | 29.7% | -10 bp | +5.4% |
| ACWV | iShares MSCI Global Min Vol Factor ETF | 29.1% | -5 bp | +6.2% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/15/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
SPLV
5.3%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 964 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.3%. SPLV's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places SPLV in the 42nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPLVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| (25 bp) Percentile rank | 26 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPLV | 25.0 | 0.0 | 25 |
| Peer Avg. | 37.5 | 15.5 | 53.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .