SPLVvsUSMVETF Comparison
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Invesco S&P 500® Low Volatility ETF (SPLV) and iShares MSCI USA Min Vol Factor ETF (USMV) belong to the same industry segment: US Low Volatility. SPLV's top 3 sector exposures are Utilities, Financials and Real Estate. In contrast, USMV's top sector exposures are Information Technology, Health Care and Financials. SPLV is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.15% for USMV. SPLV is up 3.92% year-to-date (YTD) with -$272M in YTD flows. USMV performs worse with 2.21% YTD performance, and -$220M in YTD flows. Run a side-by-side ETF comparison of SPLV and USMV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SPLV vs USMV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/20/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPLV USMV | -0.85%+1.20% | -2.46%+0.13% | +3.92%+2.21% | +1.81%+3.32% | +26.35%+38.29% | +33.48%+43.39% |
| Flows | SPLV USMV | -$72M-$405M | -$612M-$247M | -$272M-$220M | -$801M-$1.90B | -$3.60B-$12.68B | -$3.94B-$12.61B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPLV USMV | +10.31%+9.17% | +9.60%+8.34% | +10.80%+10.08% | +12.26%+12.18% |
| Max drawdown | SPLV USMV | -6.64%-6.41% | -6.64%-6.41% | -9.66%-9.29% | -17.25%-17.91% |
| Max drawdown duration | SPLV USMV | 79d80d | 79d80d | 186d75d | 793d713d |
Trading data
SPLV | USMV | |
Last sale 5/21/2026 at 1:30 PM | $73.69 | $96.04 |
| Previous close 05/20/2026 | $73.56 | $95.90 |
| Consolidated volume 05/20/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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SPLV | USMV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/21/2026 at 1:30 PM
Live
Closed
SPLV | USMV | |
|---|---|---|
| Last price | $73.69 | $96.04 |
| 1D performance | +0.18% | +0.15% |
| AuM | $7.21 B | $22.97 B |
| E/R | 0.25% | 0.15% |
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Exposure
Countries
SPLV
USA
94.05%
Other
5.95%
USMV
USA
93.47%
Other
6.53%
Sectors
SPLV
Utilities
27.08%
Financials
14.86%
Real Estate
14.05%
Consumer Staples
10.91%
Industrials
9.93%
Health Care
7.14%
Other
16.03%
USMV
Information Techn.
28.67%
Health Care
13.36%
Financials
11.81%
Consumer Staples
9.9%
Utilities
7.7%
Industrials
7.1%
Other
21.47%
Diversification
SPLV
Total weight of top 15 holdings out of 15
19.71%
USMV
Total weight of top 15 holdings out of 15
22.71%
Top 15 holdings
Data as of March 31, 2026
SPLV
SOUTHERN
1.38%
CENTERPOINT ENERGY
1.36%
WEC ENERGY GROUP INC
1.35%
DUKE ENERGY
1.35%
ATMOS ENERGY
1.34%
PINNACLE WEST
1.34%
EVERGY
1.33%
AMEREN
1.33%
DTE ENERGY
1.32%
CMS ENERGY
1.31%
ALLIANT ENERGY
1.31%
EXELON CORP
1.29%
PPL
1.27%
AMERICAN ELECTRIC POWER
1.22%
TJX
1.21%
USMV
EXXON
1.79%
DUKE ENERGY
1.60%
VERIZON COMMUNICATIONS
1.58%
CISCO-T
1.56%
SOUTHERN
1.56%
JOHNSON&JOHNSON
1.55%
CHUBB LTD
1.52%
WASTE MANAGEMENT
1.48%
MOTOROLA SOLUTIONS
1.46%
BERKSHIRE HATHWAY
1.46%
NVIDIA
1.46%
VERTEX PHARMACEUTICALS
1.45%
MICROSOFT-T
1.44%
MCKESSON
1.41%
CONSOLIDATED EDISON
1.39%
Frequently asked questions about SPLV and USMV
How have the SPLV and USMV ETFs performed in 2026?
As of May 20, 2026, SPLV is up 3.92% year-to-date (YTD), while USMV has returned 2.21%. That puts SPLV better performer ahead so far this year.
Which ETF is attracting more investor money: SPLV or USMV?
Year-to-date, the SPLV ETF saw -$272M in flows, compared to -$220M for USMV.
Which ETF is more volatile: SPLV or USMV?
Over the past year, SPLV had a volatility of 9.6%, while USMV experienced 8.34%.
Which ETF is bigger: SPLV or USMV?
As of May 20, 2026, SPLV holds $7.21 B in assets under management (AUM), while USMV manages $22.97 B.
What sectors do the SPLV and USMV ETFs invest in?
SPLV leans toward sectors like Utilities, Financials and Real Estate. Meanwhile, USMV focuses on Information Technology, Health Care and Financials.
What are the top holdings of the SPLV ETF and USMV ETF?
SPLV top holdings include SOUTHERN, CENTERPOINT ENERGY and WEC ENERGY GROUP INC. USMV holds in its top three: EXXON, DUKE ENERGY and VERIZON COMMUNICATIONS.
Which ETF is more diversified: SPLV or USMV?
SPLV holds 100 securities with 19.71% of its assets in the top 15. USMV has 171 securities and a top 15 weight of 22.71%.
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