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
7.9 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) | $7,854 |
| 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 +
| COCA-COLA CO/THE | 1.2 % |
| EVERGY, INC. | 1.2 % |
| MARSH & MCLENNAN COS | 1.2 % |
| REPUBLIC SERVICES INC | 1.2 % |
| CHURCH & DWIGHT CO INC | 1.1 % |
| ATMOS ENERGY CORP | 1.1 % |
| WEC ENERGY GROUP INC | 1.1 % |
| AUTOMATIC DATA PROCESSING | 1.1 % |
| LINDE PLC | 1.1 % |
| CMS ENERGY CORP | 1.1 % |
Constituent Breakdown
| Number of holdings | 99 |
| Herfindahl-Hirschman Index | 102 |
| Wgt avg mkt cap (mns) | $119,604 |
| Large cap (>$10bn) | 96.6% |
| Mid cap ($2-10bn) | 1.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.1% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.9 % |
 |
IRELAND | 3.0 % |
 |
BRITAIN | 1.1 % |
 |
SWITZERLAND | 1.0 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.0% | 12.6% | 10.2% | 4.2% | 8.0% | 7.0% | -- | 8.0% |
| Dividend Yield | 0.2% | 1.0% | 1.9% | 2.0% | 2.0% | 2.2% | -- | 2.5% |
| Total Returns | 5.1% | 13.7% | 12.1% | 6.2% | 10.0% | 9.2% | -- | 10.5% | Ann. Volatility | 17.5% | 13.4% | 11.6% | 13.1% | 13.1% | 15.8% | -- | 14.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.59 | 59% |
| MSCI EAFE | 0.60 | 65% |
| MSCI Emg Mkts | 0.41 | 30% |
Liquidity Measures
| Avg. volume (000) | 2,084 |
| ADV traded (mns) | $151 |
| Turnover | 1.9% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| Recent close | $72.52 |
| 30d moving avg. | $72.79 |
| Annualized volatility | 12.8% |
| Relative strength (RSI) | 51 |
| Short interest | 3.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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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 | 97.0% | 0 bp | +5.3% |
| HUSV | First Trust Horizon Managed Volatility Domestic ETF | 58.3% | +45 bp | +4.7% |
| PALC | Pacer Lunt Large Cap Multi-Factor Alternator ETF | 52.2% | +35 bp | +7.5% |
| LGLV | SPDR SSGA US Large Cap Low Volatility Index ETF | 46.2% | -13 bp | +5.7% |
| USMV | iShares MSCI USA Min Vol Factor ETF | 38.4% | -10 bp | +5.6% |
| FCTR | First Trust Lunt U.S. Factor Rotation ETF | 34.6% | +40 bp | +3.5% |
| ESMV | iShares ESG MSCI USA Min Vol Factor ETF | 34.5% | -7 bp | +5.7% |
| SDY | SPDR S&P Dividend ETF | 31.9% | +10 bp | +6.6% |
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | 31.4% | +10 bp | +6.2% |
| VFMV | Vanguard U.S. Minimum Volatility ETF | 30.7% | -12 bp | +5.7% |
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 6/12/2025
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™
5.3%
Cat. Avg
5.9%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.3%. 's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places in the 40th 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) |
|
|---|---|---|---|
| 25.0 | 0.0 | 25 | |
| Peer Avg. | 36.7 | 15.4 | 52.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .