SPLV — Invesco S&P 500 Low Volatility ETF

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.

Overview

The Invesco S&P 500 Low Volatility ETF is a US Quality / Factor fund issued by Invesco with $6.92 billion in assets. It holds an overall rank of #223 out of 458 tracked ETFs and sits at #15 of 16 within its specific category. The fund carries an ETFValuer grade of C, reflecting a score of 60.8 out of 100. Its expense ratio of 0.25% exceeds the category median of 0.15%, while its dividend yield of 2.19% is notably higher than the median of 1.22%. The top 10 holdings represent only 13.5% of assets, with the largest position being the Invesco Private Prime Fund at 2.2%.

Price action shows the fund trading at $75.42, which places it at 63.0% of its 52-week range between $69.63 and $78.82. Short-term momentum is mixed, with a 1-day decline of 0.98% contrasting against a 1-week gain of 1.46% and a 1-month rise of 6.27%. Over longer horizons, the 3-month return of -1.76% diverges from the positive 6-month gain of 3.43% and year-to-date increase of 7.92%. The 1-year return of 5.71% trails the category median of 15.72%, and the 3-year return stands at 38.60%. 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 0.33, indicating it moves significantly less than the broader market. Annualized volatility is labeled as Low at 10.90%, and the maximum drawdown recorded is -9.22%. A Sharpe ratio of 0.06 suggests limited risk-adjusted returns relative to the risk-free rate. Liquidity is supported by an average daily volume of 2,022,689 shares. These metrics collectively describe a record of lower price fluctuation and modest downside protection compared to higher-beta alternatives.

AI-generated summary based on the data on this page.

SPLV Top Holdings

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 — USMV overlaps most, holding 2 of the same companies as SPLV's top 10 (2.5% of SPLV's assets).

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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SPLV Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 2.0M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $6.92B 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

How SPLV Compares to Other US Quality / Factor ETFs