Invesco S&P 500 Low Volatility ETF (SPLV) Performance
SPLV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.6% since Dec 31, 2025
- 1 year
- +6.3% total return
- 5 years
- +5.6% a year
- 10 years
- +8.8% a year
- Since first price
- +10.0% a year since 2011
SPLV trailing returns vs SPY, QQQ, AGG
| Period | SPLV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.9% | +5.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.7% | −1.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.7% | +1.6% | +7.8% | +8.4% | −1.5% |
| YTD | +7.6% | +5.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +6.3% | +4.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +39.3%+11.7%/yr | +30.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +31.3%+5.6%/yr | +17.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +131.9%+8.8%/yr | +87.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +323.5%+10.1%/yr | +200.7% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMay 5, 2011 | +335.5%+10.0%/yr | +204.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPLV vs SPY
From May 5, 2011: SPLV grew to $43,547, SPY to $74,610.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPLV returns by calendar year
11 of 14 full years positive. Best 2019 (+27.9%), worst 2022 (−4.9%). 2026 is year to date.
SPLV annual returns table
| Year | SPLV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.6% | −9.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +4.1% | −9.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +13.9% | −7.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +0.5% | −9.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −4.9% | −17.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +24.1% | −5.8% | +28.7% | +27.4% | −1.8% |
| 2020 | −1.4% | −36.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +27.9% | −3.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −0.2% | −11.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +17.3% | −2.7% | +21.7% | +32.7% | +3.6% |
| 2016 | +10.1% | −7.7% | +12.0% | +7.1% | +2.4% |
| 2015 | +4.0% | −11.3% | +1.2% | +9.4% | +0.5% |
| 2014 | +17.3% | −4.8% | +13.5% | +19.2% | +6.0% |
| 2013 | +23.2% | −7.1% | +32.3% | +36.6% | −2.0% |
| 2012 | +10.1% | −5.9% | +16.0% | +18.1% | +3.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPLV largest drawdowns
Now 2.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 14, 2020 | −36.3% | Mar 23, 2020 | Apr 21, 2021 | 38 days | 1.2 years |
| Apr 20, 2022 | −17.3% | Oct 12, 2022 | Jun 24, 2024 | 6 months | 2.2 years |
| Jul 7, 2011 | −12.5% | Aug 8, 2011 | Oct 27, 2011 | 32 days | 4 months |
| Dec 3, 2018 | −11.5% | Dec 24, 2018 | Feb 8, 2019 | 21 days | 2 months |
| Aug 18, 2015 | −11.3% | Aug 25, 2015 | Oct 28, 2015 | 7 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPLV risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | +8.5% | +5.2% | +7.7% | +9.4% |
| Volatility (annualized) | 11.2% | 13.0% | 12.8% | 11.7% |
| Sharpe ratio | 0.40 | 0.18 | 0.47 | 0.70 |
| Sortino ratio | 0.59 | 0.27 | 0.68 | 1.08 |
| Best month | +5.6% | +9.7% | +9.7% | +9.7% |
| Worst month | −6.3% | −8.3% | −13.1% | −13.1% |
| Best 12 months | +24.8% | +24.8% | +27.9% | +27.9% |
| Worst 12 months | −1.9% | −4.9% | −8.8% | −8.8% |
| Positive months | 61% | 55% | 60% | 61% |
| Beta vs S&P 500 | 0.33 | 0.53 | 0.62 | — |
| Correlation with S&P 500 | 0.37 | 0.64 | 0.74 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPLV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 174 | −8.8% | +10.4% | +27.9% | 86% |
| 3-year (a year) | 150 | +2.0% | +10.3% | +17.5% | 100% |
| 5-year (a year) | 126 | +5.2% | +10.1% | +15.0% | 100% |
| 10-year (a year) | 66 | +7.7% | +9.4% | +12.8% | 100% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
SPLV performance overview
Invesco S&P 500 Low Volatility ETF (SPLV) returned +6.3% over the past year and +8.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned +10.0% a year, turning $10,000 into about $43,547. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −36.3%, from Feb 14, 2020 to Mar 23, 2020, and it took 1.1 years to get back to the old high. SPLV finished 11 of its 14 full calendar years with a gain; the best year was 2019 (+27.9%) and the worst 2022 (−4.9%). Volatility has been 11.7% a year.
Related: SPLV chart, SPLV holdings, SPLV dividends, SPLV valuation. See the SPLV overview for the latest quote and fund facts.
SPLV performance FAQ
What is the SPLV return over the past year?
SPLV returned +6.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 4.0%.
What is the average annual return of SPLV?
SPLV has returned +5.6% a year over 5 years, +8.8% a year over 10 years, +10.0% a year since May 5, 2011 (total return, distributions reinvested).
How much would $10,000 invested in SPLV be worth?
$10,000 invested in SPLV at its first recorded close on May 5, 2011 would be worth about $43,547 on October 23, 2026 with distributions reinvested.
What was the worst year for SPLV?
The worst calendar year was 2022, with a total return of −4.9%. The best was 2019 at +27.9%.
What is the biggest drawdown of SPLV?
The largest peak-to-trough decline was −36.3% between February 14, 2020 and March 23, 2020. It recovered to the old high on April 21, 2021, 1.1 years after the bottom.
How volatile is SPLV?
Over the past 3 years SPLV had an annualized volatility of 11.2% and a Sharpe ratio of 0.40 (excess return over 1–3 month T-bills per unit of risk).