Invesco S&P MidCap Low Volatility ETF (XMLV) Performance
XMLV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.6% since Dec 31, 2025
- 1 year
- +7.1% total return
- 5 years
- +6.0% a year
- 10 years
- +7.9% a year
- Since first price
- +9.5% a year since 2013
XMLV trailing returns vs SPY, QQQ, AGG
| Period | XMLV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.8% | +1.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.4% | −4.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.1% | −0.5% | +7.8% | +8.4% | −1.5% |
| YTD | +7.6% | +5.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +7.1% | +3.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +49.3%+14.3%/yr | +37.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +33.6%+6.0%/yr | +17.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +114.8%+7.9%/yr | +71.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionFeb 15, 2013 | +248.1%+9.5%/yr | +160.0% | — | — | — |
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: XMLV vs SPY
From Feb 15, 2013: XMLV grew to $34,805, SPY to $63,069.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
XMLV returns by calendar year
9 of 12 full years positive. Best 2019 (+23.8%), worst 2020 (−8.4%). 2026 is year to date.
XMLV annual returns table
| Year | XMLV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.6% | −9.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.6% | −10.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.1% | −7.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +1.9% | −14.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −6.5% | −16.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +23.0% | −5.6% | +28.7% | +27.4% | −1.8% |
| 2020 | −8.4% | −39.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +23.8% | −4.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −0.2% | −13.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +13.7% | −2.9% | +21.7% | +32.7% | +3.6% |
| 2016 | +21.6% | −6.1% | +12.0% | +7.1% | +2.4% |
| 2015 | +5.4% | −9.6% | +1.2% | +9.4% | +0.5% |
| 2014 | +18.3% | −6.7% | +13.5% | +19.2% | +6.0% |
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.
XMLV largest drawdowns
Now 5.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 18, 2020 | −39.9% | Mar 23, 2020 | Apr 15, 2021 | 34 days | 1.2 years |
| Dec 29, 2021 | −16.5% | Sep 30, 2022 | Mar 27, 2024 | 9 months | 2.2 years |
| Nov 25, 2024 | −13.8% | Apr 8, 2025 | Aug 22, 2025 | 4 months | 9 months |
| Sep 14, 2018 | −13.3% | Dec 24, 2018 | Feb 15, 2019 | 3 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
XMLV risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +11.6% | +6.3% | +7.4% | +9.3% |
| Volatility (annualized) | 12.2% | 14.5% | 14.2% | 13.4% |
| Sharpe ratio | 0.61 | 0.25 | 0.41 | 0.61 |
| Sortino ratio | 0.98 | 0.38 | 0.59 | 0.90 |
| Best month | +7.1% | +9.5% | +9.5% | +9.5% |
| Worst month | −6.4% | −7.9% | −16.5% | −16.5% |
| Best 12 months | +31.3% | +31.3% | +34.0% | +34.0% |
| Worst 12 months | +0.4% | −7.2% | −19.7% | −19.7% |
| Positive months | 61% | 53% | 62% | 62% |
| Beta vs S&P 500 | 0.51 | 0.68 | 0.74 | — |
| Correlation with S&P 500 | 0.53 | 0.73 | 0.80 | — |
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.
XMLV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 153 | −19.7% | +10.9% | +34.0% | 84% |
| 3-year (a year) | 129 | −1.0% | +8.9% | +16.8% | 98% |
| 5-year (a year) | 105 | +2.4% | +7.7% | +15.6% | 100% |
| 10-year (a year) | 45 | +7.4% | +8.5% | +10.1% | 100% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
XMLV performance overview
Invesco S&P MidCap Low Volatility ETF (XMLV) returned +7.1% over the past year and +7.9% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +9.5% a year, turning $10,000 into about $34,805. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −39.9%, from Feb 18, 2020 to Mar 23, 2020, and it took 1.1 years to get back to the old high. XMLV finished 9 of its 12 full calendar years with a gain; the best year was 2019 (+23.8%) and the worst 2020 (−8.4%). Volatility has been 13.4% a year.
Related: XMLV chart, XMLV holdings, XMLV dividends, XMLV valuation. See the XMLV overview for the latest quote and fund facts.
XMLV performance FAQ
What is the XMLV return over the past year?
XMLV returned +7.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 3.8%.
What is the average annual return of XMLV?
XMLV has returned +6.0% a year over 5 years, +7.9% a year over 10 years, +9.5% a year since February 15, 2013 (total return, distributions reinvested).
How much would $10,000 invested in XMLV be worth?
$10,000 invested in XMLV at its first recorded close on February 15, 2013 would be worth about $34,805 on October 23, 2026 with distributions reinvested.
What was the worst year for XMLV?
The worst calendar year was 2020, with a total return of −8.4%. The best was 2019 at +23.8%.
What is the biggest drawdown of XMLV?
The largest peak-to-trough decline was −39.9% between February 18, 2020 and March 23, 2020. It recovered to the old high on April 15, 2021, 1.1 years after the bottom.
How volatile is XMLV?
Over the past 3 years XMLV had an annualized volatility of 12.2% and a Sharpe ratio of 0.61 (excess return over 1–3 month T-bills per unit of risk).