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
7.4 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) | $7,407 |
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 +
T-MOBILE US, INC. | 1.4 % |
BERKSHIRE HATHAWAY INC-CL B | 1.4 % |
FISERV, INC. | 1.2 % |
VISA INC. CLASS A | 1.2 % |
COCA-COLA CO/THE | 1.2 % |
LOEWS CORP | 1.2 % |
KINDER MORGAN INC | 1.2 % |
WAL-MART STORES INC | 1.2 % |
REPUBLIC SERVICES INC | 1.2 % |
MASTERCARD INCORPORATED CLASS A | 1.2 % |
Constituent Breakdown
Number of holdings | 99 |
Herfindahl-Hirschman Index | 101 |
Wgt avg mkt cap (mns) | $127,095 |
Large cap (>$10bn) | 100.0% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 96.1 % | |
BRITAIN | 1.1 % | |
SWITZERLAND | 1.0 % | |
IRELAND | 1.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 15.2% | 24.2% | 9.9% | 6.2% | 6.6% | 9.2% | 10.7% | Volatility | 8.9% | 9.2% | 10.6% | 12.9% | 18.9% | 15.6% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.63 | 66% |
MSCI EAFE | 0.63 | 67% |
MSCI Emg Mkts | 0.43 | 30% |
Liquidity Measures
Avg. volume (000) | 1,431 |
Turnover | 1.4% |
Avg. Bid/Ask (% of price) | 0.02% |
ADV of underlying (mns) | $45,981 |
Technical Indicators
Recent close | $70.85 |
30d moving avg. | $71.68 |
Annualized volatility | 13.6% |
Relative strength (RSI) | 52 |
Short interest (ETF) | 6.0% |
Short interest (underlying) | 2.2% |
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. SPLV |
Expenses vs. SPLV |
ALTAR Score™ vs. SPLV |
---|---|---|---|---|
ALTL | Pacer Lunt Large Cap Alternator ETF | 99.0% | +35 bp | -0.3% |
XRLV | Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF | 95.2% | 0 bp | +0.0% |
HUSV | First Trust Horizon Managed Volatility Domestic ETF | 53.6% | +45 bp | -0.8% |
LGLV | SPDR SSGA US Large Cap Low Volatility Index ETF | 41.5% | -13 bp | +0.1% |
USMV | iShares MSCI USA Min Vol Factor ETF | 36.5% | -10 bp | +0.5% |
LVOL | American Century Low Volatility ETF | 34.6% | +4 bp | -0.3% |
CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 34.5% | +13 bp | +2.6% |
CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 34.5% | +10 bp | +2.6% |
INCE | Franklin Income Equity Focus ETF | 32.6% | +4 bp | +0.4% |
ESMV | iShares ESG MSCI USA Min Vol Factor ETF | 32.6% | -7 bp | +0.5% |
Risk and Returns: SPLV 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 11/1/2024
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
SPLV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
5.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 949 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. SPLV's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places SPLV in the 44th 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 |
SPLV (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 | 1.7 | 26.7 |
Peer Avg. | 36.7 | 15.2 | 51.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .