SPLV
Invesco S&P 500 Low Volatility ETF · Invesco
US Broad Market
1Y Return
+4.1%
Expense Ratio
0.25%
AUM
$7.1B
Dividend Yield
2.14%
Avg Annual Growth (10Y)
+8.9%
Issuer
Invesco

Overview

The 100 least-volatile stocks in the S&P 500 — utilities, staples and insurers rebalanced quarterly, engineered for a smoother ride.

Top Holdings

TickerHoldingWeight
EVRGEvergy Inc.1.3%
ATOAtmos Energy1.3%
CMECME Group1.2%
KOCoca-Cola Co.1.2%
WECWEC Energy Group1.2%
PGProcter & Gamble1.1%
JNJJohnson & Johnson1.1%
MMCMarsh & McLennan1.1%
LMTLockheed Martin1.0%
SOSouthern Co.1.0%

Fund Details

Index
S&P 500 Low Volatility
# Holdings
100
Inception
May 2011
Exchange
NYSE Arca
Structure
Open-End Fund
Distribution
Monthly
Avg Annual Growth (10Y)
+8.9%
Avg Annual Yield (10Y)
2.20%

Investment Thesis

The low-volatility anomaly — boring stocks earning near-market returns with far smaller drawdowns — is one of the best-documented effects in finance, and SPLV is its flagship implementation. The flat trailing year is exactly what the strategy looks like in a momentum-led bull market; its value shows up in the years the market falls and SPLV doesn't. Monthly dividends sweeten the wait.

Who It's For

Nervous bulls, retirees drawing income, and anyone who wants equity exposure they can hold through a crash without selling at the bottom. Buy it for the bear market you can't time, not the bull market everyone's enjoying.

10-Year History

Annual Closing Price
YearClose% Chg
2016$35.91--
2017$42.01+17.0%
2018$41.17-2.0%
2019$51.88+26.0%
2020$50.32-3.0%
2021$61.39+22.0%
2022$57.71-6.0%
2023$61.75+7.0%
2024$69.16+12.0%
2025$74.00+7.0%
Annual Dividend Yield
YearYield
20162.10%
20172.00%
20182.30%
20192.10%
20202.20%
20211.90%
20222.40%
20232.50%
20242.30%
20252.20%
Annual AUM
YearAUM% Chg
2016$7B--
2017$8B+14.3%
2018$9B+12.5%
2019$12B+33.3%
2020$8B-33.3%
2021$9B+12.5%
2022$10B+11.1%
2023$8B-20.0%
2024$7.5B-6.3%
2025$7.2B-4.0%

Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.

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