Bonds & fixed income
SPMVInvescoINDEX
Invesco S&P 500 Minimum Variance ETF
$50.75-0.29% vs prior close
495152-WK
Price through Feb 23, 2026 · Flows through Feb 23, 2026. Figures use the latest available records, not a live quote. Fund details retrieved Oct 27, 2026. Holdings snapshot retrieved Oct 27, 2026.
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to measure the performance of a subset of constituent securities of the S&P 500 Index using a managed volatility equity strategy that seeks to achieve lower total volatility than the S&P 500 ® Index, while maintaining other similar characteristics of the S&P 500 ® Index.
SPMV price
Source: Market tape, daily closes; price return, distributions not reinvested
Table
| Date | SPMV close |
|---|---|
| Nov 24, 2025 | $49.57 |
| Nov 25, 2025 | $49.97 |
| Nov 26, 2025 | $50.19 |
| Nov 28, 2025 | $50.41 |
| Dec 1, 2025 | $50.10 |
| Dec 2, 2025 | $50.09 |
| Dec 3, 2025 | $50.33 |
| Dec 4, 2025 | $50.28 |
| Dec 5, 2025 | $50.33 |
| Dec 8, 2025 | $49.94 |
| Dec 9, 2025 | $49.95 |
| Dec 10, 2025 | $50.27 |
| Dec 11, 2025 | $50.49 |
| Dec 12, 2025 | $50.41 |
| Dec 15, 2025 | $50.53 |
| Dec 16, 2025 | $50.32 |
| Dec 17, 2025 | $50.08 |
| Dec 18, 2025 | $50.27 |
| Dec 19, 2025 | $50.53 |
| Dec 22, 2025 | $50.67 |
| Dec 23, 2025 | $50.78 |
| Dec 24, 2025 | $50.97 |
| Dec 26, 2025 | $50.92 |
| Dec 29, 2025 | $50.80 |
| Dec 30, 2025 | $50.81 |
| Dec 31, 2025 | $50.45 |
| Jan 2, 2026 | $50.21 |
| Jan 5, 2026 | $50.55 |
| Jan 6, 2026 | $50.93 |
| Jan 7, 2026 | $50.76 |
| Jan 8, 2026 | $50.90 |
| Jan 9, 2026 | $51.15 |
| Jan 12, 2026 | $51.15 |
| Jan 13, 2026 | $50.76 |
| Jan 14, 2026 | $50.71 |
| Jan 15, 2026 | $50.62 |
| Jan 16, 2026 | $50.60 |
| Jan 20, 2026 | $49.85 |
| Jan 21, 2026 | $50.23 |
| Jan 22, 2026 | $50.40 |
| Jan 23, 2026 | $50.47 |
| Jan 26, 2026 | $50.86 |
| Jan 27, 2026 | $51.01 |
| Jan 28, 2026 | $50.93 |
| Jan 29, 2026 | $50.86 |
| Jan 30, 2026 | $50.90 |
| Feb 2, 2026 | $51.16 |
| Feb 3, 2026 | $50.76 |
| Feb 4, 2026 | $50.70 |
| Feb 5, 2026 | $50.35 |
| Feb 6, 2026 | $51.10 |
| Feb 9, 2026 | $51.05 |
| Feb 10, 2026 | $51.00 |
| Feb 11, 2026 | $51.10 |
| Feb 12, 2026 | $50.50 |
| Feb 13, 2026 | $50.71 |
| Feb 17, 2026 | $50.68 |
| Feb 18, 2026 | $50.92 |
| Feb 19, 2026 | $50.50 |
| Feb 20, 2026 | $50.90 |
| Feb 23, 2026 | $50.75 |
Daily net flows, 3M
Net inflow over the range: +$0M
- Inflow / above zero
- Outflow / below zero
Source: Daily creation and redemption records
Show as table
| Label | Value ($) |
|---|---|
| Feb 11 | $51 |
| Feb 12 | $0 |
| Feb 13 | $0 |
| Feb 17 | $0 |
| Feb 18 | $0 |
| Feb 19 | $0 |
| Feb 20 | $0 |
| Feb 23 | $0 |
The desk’s read
Recent fund-flow records are unavailable, while the price has returned +0.6% so far this year. At 0.10% a year it is not the cheapest way in — IVV has a reported fee of 0.03%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$4Massets under management
0.10%expense ratio · $10 per $10,000 a year
—net flow, trailing month
—avg daily volume, 30 days
81holdings · US-domiciled
2017listed July 13, 2017 · beta 0.67
Holdings
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | —CASH & EQUIVALENTS | 100.00% | — | — | — |
Sector weights
- Technology23.43%
- Finance22.51%
- Financial Services20.91%
- Healthcare18.75%
- Technology Services18.35%
- Health Technology17.97%
- Consumer Defensive12.67%
- Utilities9.77%
- Consumer Non-Durables9.65%
- Electronic Technology9.14%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| Technology | 23.43% |
| Finance | 22.51% |
| Financial Services | 20.91% |
| Healthcare | 18.75% |
| Technology Services | 18.35% |
| Health Technology | 17.97% |
| Consumer Defensive | 12.67% |
| Utilities | 9.77% |
| Consumer Non-Durables | 9.65% |
| Electronic Technology | 9.14% |
Country weights
- United States100%
- Ireland2.81%
- Switzerland2.71%
- Bermuda0.74%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| United States | 100% |
| Ireland | 2.81% |
| Switzerland | 2.71% |
| Bermuda | 0.74% |
Performance
| 1 week | 0.0% |
| 1 month | 0.0% |
| 3 months | 0.0% |
| 6 months | 0.0% |
| YTD | +0.6% |
| 1 year | +0.7% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | +$51 |
| 1 year | +$51 |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
- Inflow / above zero
- Outflow / below zero
Source: Daily creation/redemption records, trailing twelve months
Show as table
| Label | Value ($) |
|---|---|
| Dec | −$480K |
| Jan | $0 |
| Feb | $0 |
| Mar | $480K |
| Apr | $0 |
| May | $0 |
| Jun | −$1.9M |
| Jul | −$480K |
| Aug | $0 |
| Sep | $0 |
| Oct | $0 |
| Feb | $51 |
The risk read
—realized volatility, 30 days (annualized)
9%realized volatility, 1 year
-3.7%deepest fall from a peak, 1 year
-0.8%latest close versus that peak
The top holding is 100.0% of the book; the top ten carry 100%. Spread across 1+ names, it behaves like roughly 1 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
The case against SPMV
Due diligence cuts both ways. These funds sit on the same shelf and beat SPMV on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| BBUS JPMorgan BetaBuilders U.S. Equity ETF | 0.02% | $9.6B | +$187M | -8bp on fee · 2702× the assets · +$187M in over the month | Head-to-head |
| SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.04% | $57.9B | +$717M | -6bp on fee · 16284× the assets · +$717M in over the month | Head-to-head |
| SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF | 0.03% | $14.2B | +$235M | -7bp on fee · 4005× the assets · +$235M in over the month | Head-to-head |
| SPYV State Street SPDR Portfolio S&P 500 Value ETF | 0.04% | $36B | +$208M | -6bp on fee · 10119× the assets · +$208M in over the month | Head-to-head |
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $123.5B | +$2.3B | -5bp on fee · 34774× the assets · +$2.3B in over the month | Head-to-head |