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 Industrials. 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 9.22% year-to-date (YTD) with -$252M in YTD flows. USMV performs better with 10.4% YTD performance, and -$838M 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 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPLV USMV | +8.82%+5.68% | +0.83%+5.52% | +9.22%+10.40% | +10.51%+12.03% | +40.68%+51.54% | +33.94%+44.15% |
| Flows | SPLV USMV | -$2M-$465M | +$247M-$766M | -$252M-$838M | -$443M-$912M | -$2.30B-$11.39B | -$1.56B-$12.06B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPLV USMV | +10.36%+8.14% | +10.72%+8.36% | +11.18%+10.04% | +12.49%+12.17% |
| Max drawdown | SPLV USMV | -7.36%-4.20% | -9.22%-6.41% | -9.22%-9.29% | -17.25%-17.91% |
| Max drawdown duration | SPLV USMV | 78d53d | 94d122d | 94d75d | 793d713d |
Trading data
SPLV | USMV | |
Last sale 11/2/2026 at 5:41 PM | $77.15 | $103.39 |
| Previous close 10/30/2026 | $76.57 | $102.93 |
| Consolidated volume 10/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 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 11/2/2026 at 5:41 PM
Live
Closed
SPLV | USMV | |
|---|---|---|
| Last price | $77.15 | $103.39 |
| 1D performance | +0.75% | +0.44% |
| AuM | $7.51 B | $24.03 B |
| E/R | 0.25% | 0.15% |
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Exposure
Countries
SPLV
USA
95.94%
Other
4.06%
USMV
USA
93.52%
Other
6.48%
Sectors
SPLV
Finance
41.1%
Utilities
26.24%
Industrials
9.26%
Consumer Non-Cycl.
7.84%
Other
15.56%
USMV
Technology
31.42%
Finance
14.51%
Healthcare
14.25%
Consumer Non-Cycl.
10.67%
Other
29.15%
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Diversification
SPLV
Total weight of top 15 holdings out of 15
18.42%
USMV
Total weight of top 15 holdings out of 15
22.15%
Top 15 holdings
Data as of September 30, 2026
SPLV
Berkshire Hathaway, Inc.
1.43%
Regency Centers Corp.
1.30%
WEC Energy Group, Inc.
1.27%
Evergy, Inc.
1.25%
Duke Energy Corp.
1.25%
FirstEnergy Corp.
1.23%
Atmos Energy Corp.
1.23%
Loews Corp.
1.21%
Johnson & Johnson
1.21%
Alliant Energy Corp.
1.19%
Aflac, Inc.
1.19%
Consolidated Edison, Inc.
1.18%
CenterPoint Energy, Inc.
1.17%
Federal Realty Investment Trust
1.16%
Pinnacle West Capital Corp.
1.16%
USMV
Amphenol Corp.
1.68%
Microsoft Corp.
1.65%
NVIDIA Corp.
1.63%
Welltower, Inc.
1.52%
Johnson & Johnson
1.51%
Merck & Co., Inc.
1.48%
ExxonMobil Holdings Corp.
1.48%
Berkshire Hathaway, Inc.
1.45%
Chubb Ltd.
1.45%
Motorola Solutions, Inc.
1.44%
Vertex Pharmaceuticals, Inc.
1.43%
Verizon Communications, Inc.
1.39%
Cisco Systems, Inc.
1.38%
McKesson Corp.
1.34%
Duke Energy Corp.
1.33%
Frequently asked questions about SPLV and USMV
How have the SPLV and USMV ETFs performed in 2026?
As of October 30, 2026, SPLV is up 9.22% year-to-date (YTD), while USMV has returned 10.4%. 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 -$252M in flows, compared to -$838M for USMV.
Which ETF is more volatile: SPLV or USMV?
Over the past year, SPLV had a volatility of 10.72%, while USMV experienced 8.36%.
Which ETF is bigger: SPLV or USMV?
As of October 30, 2026, SPLV holds $7.51 B in assets under management (AUM), while USMV manages $24.03 B.
What sectors do the SPLV and USMV ETFs invest in?
SPLV leans toward sectors like Finance, Utilities and Industrials. Meanwhile, USMV focuses on Technology, Finance and Healthcare.
What are the top holdings of the SPLV ETF and USMV ETF?
SPLV top holdings include Berkshire Hathaway, Inc., Regency Centers Corp. and WEC Energy Group, Inc.. USMV holds in its top three: Amphenol Corp., Microsoft Corp. and NVIDIA Corp..
Which ETF is more diversified: SPLV or USMV?
SPLV holds 100 securities with 18.42% of its assets in the top 15. USMV has 174 securities and a top 15 weight of 22.15%.
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