SPLV — Invesco S&P 500 Low Volatility ETF
US Quality / Factor Ranked #293 of 458 tracked ETFs · Issued by Invesco
SPLV Price Performance — Growth of $10,000
Value of a $10,000 investment in SPLV over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
SPLV Drawdown
The "underwater" chart: SPLV's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in SPLV?
See what a lump sum in SPLV would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The Invesco S&P 500 Low Volatility ETF (SPLV) is a US Quality / Factor fund issued by Invesco with $7.09 billion in assets under management. It holds an ETFValuer grade of C, ranking 16th out of 16 peers in its category and 293rd of 458 tracked ETFs overall. The fund carries an expense ratio of 0.25%, which exceeds the category median of 0.15%. Its dividend yield of 2.18% is notably higher than the category median of 1.24%. The top 10 holdings comprise only 13.5% of assets, with the largest position being the Invesco Private Prime Fund at 2.2%.
SPLV has delivered a 1-year return of +3.45%, significantly trailing the category median of +19.99%. Short-term performance shows weakness, with declines of -0.71% over one day and -2.03% over one month, while the three-month period saw a modest gain of +1.08%. The fund is currently priced at $74.02, sitting at 47.8% of its 52-week range between $69.63 and $78.82. Year-to-date returns stand at +5.50%, contrasting with a negative six-month return of -0.47%. The ETFValuer grade has remained unchanged at C across the last 35 tracked days, and price history is available for 3.0 years.
The fund exhibits a beta of 0.34, indicating it moves less than the broader market. Annualized volatility is labeled as Low at 10.64%, and the maximum drawdown recorded is -9.10%. A Sharpe ratio of -0.15 suggests the risk-adjusted returns have been negative relative to the risk-free rate. Liquidity is supported by an average daily volume of 2,247,032 shares, though the bid/ask spread is 0.38%. These metrics collectively describe a fund that has experienced limited downside volatility but has struggled to generate positive risk-adjusted performance.
AI-generated summary based on the data on this page.
SPLV Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Invesco Private Prime Fund | 2.15% | $149M |
| 2 | FirstEnergy Corp. | 1.34% | $92M |
| 3 | Loews Corp. | 1.29% | $89M |
| 4 | Berkshire Hathaway Inc. | 1.28% | $88M |
| 5 | Duke Energy Corp. | 1.25% | $86M |
| 6 | Ameren Corp. | 1.24% | $86M |
| 7 | WEC Energy Group Inc. | 1.24% | $85M |
| 8 | Alliant Energy Corp. | 1.23% | $85M |
| 9 | CenterPoint Energy, Inc. | 1.23% | $85M |
| 10 | DTE Energy Co. | 1.22% | $84M |
Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 13.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SPLV's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With SPLV
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SPLV's top 10 — ACWV overlaps most, holding 2 of the same companies as SPLV's top 10 (2.5% of SPLV's assets).
| ETF | Name | Shared Companies | SPLV Weight | Examples |
|---|---|---|---|---|
| ACWV | iShares MSCI Global Min Vol Factor ETF | 2 | 2.5% | Duke Energy Corp., Berkshire Hathaway Inc. |
| RSP | Invesco S&P 500 Equal Weight ETF | 1 | 2.2% | Invesco Private Prime Fund |
| TAN | Invesco Solar ETF | 1 | 2.2% | Invesco Private Prime Fund |
| RPV | Invesco S&P 500 Pure Value ETF | 1 | 2.2% | Invesco Private Prime Fund |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 1 | 2.2% | Invesco Private Prime Fund |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.80% (as of 2026-09-08) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 15.72 (as of 2026-09-08) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What SPLV's Fees Cost You
SPLV charges an expense ratio of 0.25% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
SPLV Dividend Income Estimator
SPLV currently yields 2.18%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
SPLV Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.38% and average daily volume is 2.2M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $7.09B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: SPLV is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
SPLV Performance History
| Period | Return |
|---|---|
| 1-Day | -0.71% |
| 1-Week | -0.70% |
| 1-Month | -2.03% |
| 3-Month | +1.08% |
| 6-Month | -0.47% |
| YTD | +5.50% |
| 1-Year | +3.45% |
| 3-Year | +27.89% |
How SPLV Compares to Other US Quality / Factor ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #7 | B+ |
VLUE | iShares MSCI USA Value Factor ETF | +72.79% | 0.15% | $9.70B |
| #36 | B |
DYNF | iShares U.S. Equity Factor Rotation Active ETF | +21.93% | 0.26% | $41.3B |
| #69 | B |
SPMO | Invesco S&P 500 Momentum ETF | +28.75% | 0.13% | $22.1B |
| #93 | B |
EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | +23.42% | 0.25% | $3.66B |
| #112 | B |
MTUM | iShares MSCI USA Momentum Factor ETF | +26.37% | 0.15% | $24.2B |
| #114 | B |
QUAL | iShares MSCI USA Quality Factor ETF | +16.83% | 0.15% | $47.7B |
| #121 | B |
VFVA | Vanguard U.S. Value Factor ETF Shares | +26.62% | 0.13% | $957M |
| #125 | B |
SPHQ | Invesco S&P 500 Quality ETF | +18.05% | 0.15% | $18.9B |
| #127 | B |
COWZ | Pacer US Cash Cows 100 ETF | +23.41% | 0.49% | $20.1B |
| #161 | B |
LRGF | iShares U.S. Equity Factor ETF | +16.78% | 0.08% | $3.70B |
| #165 | B |
EFAV | iShares MSCI EAFE Min Vol Factor ETF | +12.56% | 0.2% | $5.51B |
| #178 | C |
VFMO | Vanguard U.S. Momentum Factor ETF ETF Shares | +26.47% | 0.13% | $1.92B |
| #204 | C |
USMV | iShares MSCI USA Min Vol Factor ETF | +7.34% | 0.15% | $24.2B |
| #239 | C |
ACWV | iShares MSCI Global Min Vol Factor ETF | +6.98% | 0.2% | $3.40B |
| #266 | C |
VFQY | Vanguard U.S. Quality Factor ETF Shares | +15.94% | 0.13% | $511M |
| #293 | C |
SPLV | Invesco S&P 500 Low Volatility ETF | +3.45% | 0.25% | $7.09B |