SPVM
Invesco S&P 500 Value with Momentum ETF
SPVM tracks an index of S&P 500 stocks selected by value and momentum and weighted by value.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
49.7 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 16, 2011 |
| Assets (mns) | $50 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| GENERAL MOTORS CO | 2.4 % |
| KROGER CO | 2.0 % |
| TYSON FOODS INC-CL A | 1.9 % |
| LOEWS CORP | 1.8 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.6 % |
| CENCORA INC | 1.6 % |
| PRUDENTIAL FINANCIAL INC | 1.6 % |
| CARDINAL HEALTH INC | 1.5 % |
| FOX CORPORATION CLASS A | 1.4 % |
| AT&T INC | 1.4 % |
Constituent Breakdown
| Number of holdings | 99 |
| Herfindahl-Hirschman Index | 110 |
| Wgt avg mkt cap (mns) | $80,039 |
| Large cap (>$10bn) | 97.5% |
| Mid cap ($2-10bn) | 2.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.1 % |
 |
SWITZERLAND | 1.4 % |
 |
BRITAIN | 0.9 % |
 |
IRELAND | 0.7 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -3.0% | 4.5% | 8.1% | 3.0% | 12.0% | 6.2% | -- | 7.8% |
| Dividend Yield | 0.0% | 0.9% | 1.7% | 2.1% | 2.2% | 2.4% | -- | 2.4% |
| Total Returns | -3.0% | 5.5% | 9.9% | 5.1% | 14.2% | 8.6% | -- | 10.2% | Ann. Volatility | 24.0% | 18.2% | 15.5% | 17.7% | 19.3% | 20.1% | -- | 19.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 68% |
| MSCI EAFE | 0.85 | 59% |
| MSCI Emg Mkts | 0.53 | 22% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $21,275 |
Technical Indicators
| Recent close | $55.77 |
| 30d moving avg. | $55.19 |
| Annualized volatility | 18.9% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 2.4% |
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. SPVM |
Expenses vs. SPVM |
ALTAR Score™ vs. SPVM |
|---|---|---|---|---|
| FTA | First Trust Large Cap Value AlphaDEX Fund | 37.0% | +20 bp | +0.9% |
| SPVU | Invesco S&P 500 Enhanced Value ETF | 35.5% | -26 bp | +1.7% |
| ULVM | VictoryShares US Value Momentum ETF | 35.1% | -19 bp | -1.1% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 35.1% | -4 bp | -0.9% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 35.1% | -1 bp | -0.9% |
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 34.4% | +1 bp | -1.7% |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 33.8% | -33 bp | -0.2% |
| PALC | Pacer Lunt Large Cap Multi-Factor Alternator ETF | 33.4% | +21 bp | -1.4% |
| RPV | Invesco S&P 500 Pure Value ETF | 31.6% | -4 bp | +2.4% |
| VOE | Vanguard Mid-Cap Value ETF | 29.6% | -32 bp | -1.0% |
Risk and Returns: SPVM 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
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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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 4/30/2025
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
SPVM
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
SPVM
9.0%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. SPVM's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places SPVM in the 83rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPVMSELL
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 |
| SPVM (39 bp) Percentile rank | 41 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPVM | 39.0 | 8.7 | 47.7 |
| Peer Avg. | 36.6 | 15.3 | 51.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .