SPMV
Invesco S&P 500 Minimum Variance ETF
The Invesco S&P 500 Minimum Variance Portfolio tracks an index of stocks selected from the S&P 500. Holdings are selected and weighted to create a low-volatility portfolio, subject to constraints.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 3.6 M
ASSETS UNDER MGMT
10 bp
EXPENSES
Fund Basics
| Inception date | Jul 13, 2017 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 2.2 % |
| MICROSOFT CORP | 2.0 % |
| GE AEROSPACE | 2.0 % |
| VISA INC. CLASS A | 2.0 % |
| JPMORGAN CHASE & CO | 2.0 % |
| ALPHABET INC. CLASS C | 2.0 % |
| ABBOTT LABORATORIES | 2.0 % |
| INTUIT INC | 2.0 % |
| BERKSHIRE HATHAWAY INC-CL B | 2.0 % |
| BANK OF AMERICA CORP | 2.0 % |
Constituent Breakdown
| Number of holdings | 123 |
| Herfindahl-Hirschman Index | 138 |
| Wgt avg mkt cap (mns) | $645,132 |
| Large cap (>$10bn) | 99.7% |
| Mid cap ($2-10bn) | 0.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 94.6 % |
 |
IRELAND | 2.2 % |
 |
SWITZERLAND | 1.5 % |
 |
BERMUDA | 1.1 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.2% | 7.1% | 10.5% | 12.3% | 8.9% | -- | -- | 8.5% |
| Dividend Yield | 0.3% | 2.0% | 1.9% | 2.2% | 2.0% | -- | -- | 2.6% |
| Total Returns | 0.5% | 9.2% | 12.4% | 14.5% | 10.9% | -- | -- | 11.1% | Ann. Volatility | 6.0% | 11.1% | 10.6% | 10.5% | 12.9% | -- | -- | 15.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.25 | 18% |
| MSCI EAFE | 0.28 | 17% |
| MSCI Emg Mkts | 0.21 | 11% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 1.19% |
Technical Indicators
| 30d moving avg. (EMA) | $50.63 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.04/0.05 |
| Bollinger Bands (Upper/Lower) | $51.04/$50.37 |
| Short interest (% of AUM) | 1.1% |
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. SPMV |
Expenses vs. SPMV |
ALTAR Score™ vs. SPMV |
|---|---|---|---|---|
| QUS | State Street SPDR MSCI USA StrategicFactors ETF | 48.1% | +5 bp | +0.2% |
| OEI | Optimized Equity Income ETF | 47.1% | +65 bp | -1.4% |
| TOPC | iShares S&P 500 3% Capped ETF | 46.9% | +5 bp | -0.2% |
| DSPY | Tema S&P 500 Historical Weight ETF | 46.6% | +8 bp | -0.2% |
| MODL | VictoryShares WestEnd U.S. Sector ETF | 46.5% | +32 bp | -0.5% |
| BBLU | EA Bridgeway Blue Chip ETF EA Bridgeway Blue Chip ETF | 46.2% | +5 bp | -0.6% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 45.6% | +18 bp | +0.6% |
| USMV | iShares MSCI USA Min Vol Factor ETF | 45.3% | +5 bp | +0.4% |
| EQWL | Invesco S&P 100 Equal Weight ETF | 44.8% | +15 bp | +0.7% |
| IWL | iShares Russell Top 200 ETF | 44.7% | +5 bp | -0.6% |
Risk and Returns: SPMV 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 3/31/2026
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
5.8%
ALTAR SCORE™
48th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,196 funds in the US Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 2.1%. SPMV's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places SPMV in the 48th percentile
among funds in the category.
Sell-Side Consensus
$61.01
PRICE TARGET
+20.2%
UPSIDE
Bid/Ask Spreads
119 bp
AVG SPREAD
11 —
2,952 bp
RANGE