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 Finance, Utilities and Consumer Non-Cyclicals. In contrast, USMV's top sector exposures are Technology, Finance and Healthcare. SPLV is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.15% for USMV. SPLV is up 3.64% year-to-date (YTD) with -$185M in YTD flows. USMV performs better with 5.67% YTD performance, and -$225M 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 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPLV USMV | -3.55%-1.57% | -1.57%+3.03% | +3.64%+5.67% | +3.11%+7.34% | +26.72%+38.63% | +28.35%+40.17% |
| Flows | SPLV USMV | +$421M-$71M | +$343M-$4M | -$185M-$225M | -$666M-$913M | -$2.73B-$11.81B | -$1.47B-$10.91B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPLV USMV | +11.79%+9.19% | +10.42%+8.41% | +11.15%+10.16% | +12.44%+12.24% |
| Max drawdown | SPLV USMV | -6.25%-3.09% | -7.41%-6.41% | -9.09%-9.29% | -17.25%-17.91% |
| Max drawdown duration | SPLV USMV | 50d20d | 126d122d | 169d75d | 793d713d |
Trading data
SPLV | USMV | |
Last sale 9/17/2026 at 1:30 PM | $73.06 | $98.84 |
| Previous close 09/16/2026 | $72.92 | $98.49 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 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 9/17/2026 at 1:30 PM
Live
Closed
SPLV | USMV | |
|---|---|---|
| Last price | $73.06 | $98.84 |
| 1D performance | +0.19% | +0.36% |
| AuM | $7.23 B | $23.60 B |
| E/R | 0.25% | 0.15% |
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Exposure
Countries
SPLV
USA
95.76%
Other
4.24%
USMV
USA
93.3%
Other
6.7%
Sectors
SPLV
Finance
40.08%
Utilities
23.95%
Consumer Non-Cycl.
10.4%
Industrials
7.88%
Other
17.69%
USMV
Technology
29.56%
Finance
14.48%
Healthcare
13.48%
Consumer Non-Cycl.
11.02%
Other
31.45%
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Diversification
SPLV
Total weight of top 15 holdings out of 15
18.48%
USMV
Total weight of top 15 holdings out of 15
21.95%
Top 15 holdings
Data as of July 31, 2026
SPLV
Loews Corp.
1.39%
FirstEnergy Corp.
1.33%
Berkshire Hathaway, Inc.
1.29%
Johnson & Johnson
1.27%
The Travelers Cos., Inc.
1.26%
The Coca-Cola Co.
1.25%
Cintas Corp.
1.25%
Duke Energy Corp.
1.23%
Realty Income Corp.
1.20%
Ameren Corp.
1.19%
Aflac, Inc.
1.18%
CenterPoint Energy, Inc.
1.17%
Evergy, Inc.
1.17%
WEC Energy Group, Inc.
1.16%
Regency Centers Corp.
1.16%
USMV
Welltower, Inc.
1.57%
Microsoft Corp.
1.57%
Amphenol Corp.
1.57%
Chubb Ltd.
1.54%
Johnson & Johnson
1.54%
Vertex Pharmaceuticals, Inc.
1.47%
Berkshire Hathaway, Inc.
1.47%
Duke Energy Corp.
1.46%
The Southern Co.
1.44%
Cisco Systems, Inc.
1.43%
ExxonMobil Holdings Corp.
1.41%
Waste Management, Inc.
1.38%
Verizon Communications, Inc.
1.38%
Motorola Solutions, Inc.
1.37%
Merck & Co., Inc.
1.34%
Frequently asked questions about SPLV and USMV
How have the SPLV and USMV ETFs performed in 2026?
As of September 16, 2026, SPLV is up 3.64% year-to-date (YTD), while USMV has returned 5.67%. That puts USMV better performer ahead so far this year.
Which ETF is attracting more investor money: SPLV or USMV?
Year-to-date, the SPLV ETF saw -$185M in flows, compared to -$225M for USMV.
Which ETF is more volatile: SPLV or USMV?
Over the past year, SPLV had a volatility of 10.42%, while USMV experienced 8.41%.
Which ETF is bigger: SPLV or USMV?
As of September 16, 2026, SPLV holds $7.23 B in assets under management (AUM), while USMV manages $23.60 B.
What sectors do the SPLV and USMV ETFs invest in?
SPLV leans toward sectors like Finance, Utilities and Consumer Non-Cyclicals. Meanwhile, USMV focuses on Technology, Finance and Healthcare.
What are the top holdings of the SPLV ETF and USMV ETF?
SPLV top holdings include Loews Corp., FirstEnergy Corp. and Berkshire Hathaway, Inc.. USMV holds in its top three: Welltower, Inc., Microsoft Corp. and Amphenol Corp..
Which ETF is more diversified: SPLV or USMV?
SPLV holds 100 securities with 18.48% of its assets in the top 15. USMV has 166 securities and a top 15 weight of 21.95%.
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