IDLV vs IMTM: Grades, Fees and Holdings Compared

Invesco S&P International Developed Low Volatility ETF

IDLVBNYSE Arca

iShares MSCI Intl Momentum Factor ETF

IMTMBNYSE Arca

Overlap

11.4%by weight

Expense ratio

IDLV −0.05pt a year

IDLV0.25%IMTM0.30%

Avg volume · 30D

IMTM 13.2×the volume

IDLV26.8KIMTM354K

10Y return · a year

IMTM +4.3pt

IDLV+6.0%IMTM+10.3%

IDLV vs IMTM Performance

Oct 29, 2021 – Oct 30, 2026

+37.8%IDLV+53.1%IMTM

Expense ratio: IDLV 0.25%, better; IMTM 0.30%
Fund size: IDLV $334M; IMTM $4.17B
1Y total return: IDLV +13.6%, better; IMTM +12.1%
Yield (12M): IDLV 4.88%, better; IMTM 4.56%
Holdings: IDLV 212; IMTM 314
Avg volume (30D): IDLV 26.8K sh; IMTM 354K sh, better
NAV per share: IDLV $35.69; IMTM $50.91
52W range

ETF.net Grade

Pillar letters and Scores for IDLV, IMTM, with each pillar’s weight
Pillar	IDLV	IMTM
Cost30% weight	A75Higher	B61
Mission25% weight	B63	Not scored
Risk15% weight	B68Higher	D39
Tradability15% weight	C47	A72Higher
Holdings10% weight	A80Higher	C50
Durability5% weight	C52	A76Higher

Rank among International Factor Index funds

How we build Categories ›

Same Category. IDLV and IMTM are both graded against the same 15 International Factor Index funds, so their Grades compare head to head.

International Factor Index⁠

Category · 15 funds

See all 15 ›

IDLV ranks 3rd and IMTM 7th of 15 funds in the International Factor Index Category.

Rank 1AEFAViShares MSCI EAFE Min Vol Factor ETFScore 75
Rank 2BACWViShares MSCI Global Min Vol Factor ETFScore 68
Rank 3BIDLVInvesco S&P International Developed Low Volatility ETFScore 66
Rank 4BEFGiShares MSCI EAFE Growth ETFScore 65
Rank 6BTLTDNorthern Trust Morningstar Developed Markets ex-US Factor Tilt ETFScore 59
Rank 7BIMTMiShares MSCI Intl Momentum Factor ETFScore 58
Rank 7BVDGVanguard Developed Markets ex US Growth Index ETFScore 58

Our read on each fund

ETF.net Research

IDLVBInvesco S&P International Developed Low Volatility ETF

IMTMBiShares MSCI Intl Momentum Factor ETF

In short

IDLV Screens developed markets for calm instead of size: roughly 200 international large and mid caps chosen by an S&P low volatility index, run on the same rulebook since 2012.

IMTM Momentum investing usually stops at the US border. IMTM runs the same idea across developed markets outside America, holding roughly 300 stocks picked for strong price momentum and reshuffling as leadership changes hands.

Stated mandate

IDLV The Fund seeks exposure to large- and mid-cap stocks from international developed markets through the S&P BMI International Developed Low Volatility Index. It invests at least 90% of total assets in securities comprising that Index.

IMTM The fund seeks to follow an index of developed-market international equities selected for relatively strong price momentum.

Why people hold it

IDLV The low-vol screen is a rule, not a mood. The fund keeps at least 90% of assets in the S&P BMI International Developed Low Volatility Index it advertises.invesco.com
Holdings line up with the stated mandate: about 200 developed-market large and mid caps, no drift into off-label names.
Live since 2012, so this is a long-running version of the low-volatility idea abroad, not a freshly launched factor experiment. Distributions come quarterly.

IMTM Charges 0.30%, half the typical fee among international active-equity funds, and undercuts factor peers like AVDS while sitting near AVDE and DFIC.
A rare pure-momentum sleeve for developed markets outside the US, where most factor money never leaves home.
Live since 2015 and now a multi-billion-dollar iShares fund, so it has a decade of track record and real trading depth behind it.
Ranks in the top quartile of its international equity peer group on our review, one of the stronger implementations in the category.

Worth knowing

IDLV At 0.25% it runs above the cohort median of 0.18%, and well above plain cap-weighted developed peers like VEA and SPDW at 0.03%. The volatility screen is what the extra buys.
Thinly traded for its category, so limit orders and mid-session trading matter more here than with the giants of developed-markets indexing.
A volatility screen reshuffles the map: country and sector weights can sit far from a standard developed-markets index, and the fund can lag when riskier stocks lead.

IMTM Momentum chases what is already working, so the portfolio can tilt hard toward whichever countries and sectors are hot and swing more than a broad index.
Roughly 300 developed-market names means no emerging markets and a narrower bench than a total international fund.
Distributions arrive once or twice a year, not monthly, and it trades moderately rather than at mega-fund volumes.

Full IDLV profile⁠

Full IMTM profile⁠

IDLV vs IMTM Holdings

How IDLV and IMTM differ

Overlap by weight

11.4%

Shared holdings make up 24.5% of IDLV and 17.1% of IMTM.

Level by level

Holdings50 in both11.4%
Sector11 Sectors61.8%
Countryby domicile67.4%
Asset classEquity100%

Sector

Sector weights in IDLV and IMTM, widest gap first
Sector	More in IDLVMore in IMTM	IDLV	IMTM
Technology	IMTM +14.6 points	0.5%	15.1%
Consumer Staples	IDLV +10.3 points	13.0%	2.7%
Utilities	IDLV +10.1 points	14.3%	4.2%
Energy	IMTM +8.6 points	3.0%	11.6%
Real Estate	IDLV +7.9 points	8.5%	0.6%
Financials	IMTM +6.4 points	30.3%	36.7%
Communication	IDLV +6.0 points	6.6%	0.6%
Health Care	IMTM +4.5 points	2.5%	7.0%
Materials	IMTM +4.0 points	2.5%	6.5%
Industrials	IDLV +2.2 points	14.4%	12.2%
Consumer Discretionary	IDLV +1.8 points	4.6%	2.8%

Country, concentration and asset class

Country by domicile

Country weights in IDLV and IMTM, widest gap first
Country	More in IDLVMore in IMTM	IDLV	IMTM
Japan	IMTM +13.6 points	13.5%	27.1%
Australia	IDLV +6.9 points	9.5%	2.6%
Sweden	IDLV +5.4 points	7.4%	2.0%
Netherlands	IMTM +5.2 points	2.0%	7.2%
Singapore	IDLV +4.4 points	7.2%	2.8%
Hong Kong	IDLV +4.4 points	4.4%	0.0%
Canada	IMTM +4.4 points	15.3%	19.7%
United Kingdom	IMTM +3.4 points	7.8%	11.2%
Other countries (15)	IDLV +5.4 points	32.9%	27.5%

Outside the US: IDLV 100% developed, 0% emerging. IMTM 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

IDLV7.0%
IMTM24.6%

Securities held

IDLV202
IMTM297

Asset class

IDLV: Equity
IMTM: Equity

Holdings

Only in IDLV152
In both50
Only in IMTM247

Only in IDLV

152 securities, 75.2% of IDLV by weight

CLP Holdings Ltd0.81%
Fortis Inc/Canada0.76%
Hydro One Ltd0.69%
CapitaLand Ascendas REIT0.68%
Royal Bank of Canada0.67%
Emera Inc0.67%
CapitaLand Integrated Commercial Trust0.66%
Toronto-Dominion Bank/The0.65%
Tryg A/S0.65%
Telstra Group Ltd0.64%
Mapletree Pan Asia Commercial Trust0.62%
HKT Trust & HKT Ltd0.62%
APA Group0.61%
Swisscom AG0.61%
Transurban Group0.61%
Groupe Bruxelles Lambert NV0.60%
NTT Inc0.60%
Sampo Oyj0.60%
Sgs SA0.60%
Terna - Rete Elettrica Nazionale0.60%
Schindler Holding AG0.60%
Great-West Lifeco Inc0.59%
Nomura Real Estate Master Fund Inc0.59%
Bank of Nova Scotia/The0.59%
Zurich Insurance Group AG0.58%
Power Assets Holdings Ltd0.58%
Metro Inc/CN0.57%
Enbridge Inc0.57%
Sun Life Financial Inc0.56%
Lottery Corp Ltd/The0.55%
Hong Kong & China Gas Co Ltd0.55%
DNB Bank ASA0.55%
TC Energy Corp0.55%
Hannover Rueck SE0.54%
Axa SA0.54%
AltaGas Ltd0.54%
Manulife Financial Corp0.54%
National Bank of Canada0.53%
Bank of Montreal0.53%
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen0.53%
SoftBank Corp0.53%
Japan Metropolitan Fund Invest0.53%
CapitaLand Investment Ltd/Singapore0.53%
Imperial Brands PLC0.53%
L E Lundbergforetagen AB0.53%
SpareBank 1 Sor-Norge ASA0.52%
Canadian Imperial Bank of Commerce0.52%
Power Corp of Canada0.52%
Scentre Group0.52%
Essity AB0.52%

Only in IMTM

247 securities, 82.4% of IMTM by weight

Asml Holding4.67%
Royal Bank of Canada3.42%
Hsbc Holdings PLC2.63%
Toronto Dominion2.48%
Roche Ps Par AG2.01%
Totalenergies1.85%
Mitsubishi Ufj Financial Group1.72%
Advantest1.60%
Kioxia Holdings1.52%
Bhp Group Ltd1.47%
Canadian Imperial Bank of Commerce1.34%
Banco Santander1.29%
Sumitomo Mitsui Financial Group1.26%
Bank of Montreal1.19%
Bank of Nova Scotia1.15%
Abb Ltd1.11%
Tokyo Electron1.07%
Suncor Energy Inc1.03%
Canadian Natural Resources Ltd1.02%
Mizuho Financial Group0.99%
Banco Bilbao Vizcaya Argentaria0.98%
Murata Manufacturing0.91%
Bp PLC0.90%
Mitsubishi0.84%
Siemens Energy N AG0.78%
Panasonic Holdings0.76%
National Bank of Canada0.75%
Recruit Holdings Ltd0.73%
Enbridge0.72%
Fast Retailing0.71%
Rio Tinto0.70%
Ing Groep0.68%
Eni0.67%
British American Tobacco0.66%
Mitsui0.62%
Glencore PLC0.57%
Manulife Financial0.56%
Nokia0.55%
Glaxosmithkline0.53%
Infineon Technologies AG0.52%
Mitsubishi Electric0.50%
Repsol0.50%
Cenovus Energy0.48%
Orix0.46%
Fujikura0.44%
Lloyds Banking Group PLC0.44%
Sumitomo Electric Industries0.44%
Tc Energy0.43%
Keyence0.43%
Power Corporation of Canada0.42%

Weight gaps

All 50 Holdings in both funds, largest gap first.

Holding weights in IDLV and IMTM, widest gap first
Holding	More in IDLVMore in IMTM	IDLV	IMTM
Shell PLCSHEL.L	IMTM +1.61 points	0.49%	2.10%
Novartis AG	IMTM +1.53 points	0.59%	2.12%
Iberdrola SA	IMTM +0.65 points	0.72%	1.37%
Allianz SE	IMTM +0.66 points	0.52%	1.18%
Snam SpA	IDLV +0.56 points	0.66%	0.10%
Singapore Airlines Ltd	IDLV +0.56 points	0.59%	0.03%
DBS Group Holdings Ltd	IMTM +0.54 points	0.59%	1.13%
United Overseas Bank Ltd	IDLV +0.51 points	0.64%	0.13%
Oversea-Chinese Banking Corp Ltd	IMTM +0.50 points	0.52%	1.02%
Ageas SA/NV	IDLV +0.48 points	0.57%	0.09%
EMS-Chemie Holding AG	IDLV +0.46 points	0.50%	0.04%
Swiss Life Holding AG	IDLV +0.44 points	0.64%	0.20%
Telia Co AB	IDLV +0.44 points	0.53%	0.09%
Washington H Soul Pattinson & Co Ltd	IDLV +0.42 points	0.46%	0.04%
Svenska Handelsbanken AB	IDLV +0.41 points	0.54%	0.13%
NN Group NV	IDLV +0.40 points	0.59%	0.19%
Industrivarden AB	IDLV +0.40 points	0.48%	0.08%
Swire Pacific Ltd	IDLV +0.40 points	0.43%	0.03%
QBE Insurance Group Ltd	IDLV +0.39 points	0.49%	0.10%
Coca-Cola Europacific Partners PLCCCEP	IDLV +0.39 points	0.47%	0.08%
Elia Group SA/NV	IDLV +0.39 points	0.43%	0.04%
Secom Co Ltd	IDLV +0.39 points	0.46%	0.07%
Standard Life PLCSDLF.L	IDLV +0.37 points	0.43%	0.06%
Skandinaviska Enskilda Banken AB	IDLV +0.37 points	0.47%	0.10%
Mitsubishi HC Capital Inc	IDLV +0.36 points	0.42%	0.06%
Alfa Laval AB	IDLV +0.36 points	0.45%	0.09%
Coca-Cola HBC AGCCH.L	IDLV +0.35 points	0.43%	0.08%
Swedbank AB	IDLV +0.33 points	0.54%	0.21%
Wilmar International Ltd	IDLV +0.33 points	0.36%	0.03%
Poste Italiane SpA	IDLV +0.32 points	0.46%	0.14%
Omv AG	IDLV +0.32 points	0.42%	0.10%
Bouygues SA	IDLV +0.32 points	0.39%	0.07%
Endesa SA	IDLV +0.30 points	0.48%	0.18%
Ferrovial NV	IDLV +0.29 points	0.45%	0.16%
Singapore Exchange Ltd	IDLV +0.28 points	0.40%	0.12%
Deutsche Boerse AG	IDLV +0.25 points	0.48%	0.23%
KBC Group NV	IDLV +0.23 points	0.40%	0.17%
Danske Bank A/S	IDLV +0.21 points	0.44%	0.23%
Generali	IDLV +0.21 points	0.49%	0.28%
BOC Hong Kong Holdings Ltd	IDLV +0.21 points	0.41%	0.20%
Woolworths Group Ltd	IDLV +0.19 points	0.44%	0.25%
Air Liquide SA	IDLV +0.18 points	0.58%	0.40%
E.on SE	IDLV +0.16 points	0.45%	0.29%
Orange SA	IDLV +0.15 points	0.39%	0.24%
UBS Group AG	IMTM +0.13 points	0.37%	0.50%
Japan Tobacco Inc	IMTM +0.09 points	0.46%	0.55%
Takeda Pharmaceutical Co Ltd	IDLV +0.03 points	0.49%	0.46%
Engie SA	IDLV +0.01 points	0.43%	0.42%
Investor AB	Same weight	0.60%	0.60%
Enel SpA	Same weight	0.49%	0.49%

All 205 IDLV holdings⁠All 298 IMTM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IDLV vs IMTM Cost

Overpaying IMTM vs IDLV

$990

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IDLV 0.25%
$5,159
IMTM 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

IDLV 0.25%
IMTM 0.30%
Overpaying

Year by year

Year	IDLV	IMTM	Overpaying
10	$455	$545	$90
20	$1,769	$2,113	$344
30	$5,159	$6,149	$990

Expense ratio

0.25%IDLV, cheaper
0.30%IMTM

IDLV0.25%IMTM0.30%

0.08%0.65%

Middle half of International Factor Index funds
Median 0.34%

IDLV 4th cheapest of 15 funds

IMTM 6th cheapest of 15 funds

IDLV vs IMTM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IDLV 4.88%, better; IMTM 4.56%
Payout (12M): IDLV $1.74; IMTM $2.32
Last payment: IDLV $0.30; IMTM $0.60
Ex-dividend: IDLV Sep 21, 2026; IMTM Jun 15, 2026
Paid on: IDLV Sep 25, 2026; IMTM Jun 18, 2026
Frequency: IDLV Quarterly; IMTM Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

IDLVQuarterly · 39 paymentsAll IDLV payments⁠

IMTMTwice a year · 20 paymentsAll IMTM payments⁠

IDLV vs IMTM Risk

Fall from peak · 5 years

IDLV
IMTM

Risk facts

VolatilityStd dev, 3 years: IDLV 11.2%, betterIMTM 12.8%
Return per unit of riskSharpe ratio, 3 years: IDLV 0.98IMTM 1.28, better
Worst fallMax drawdown, 5 years: IDLV −22.5%, betterIMTM −30.6%
Market sensitivityBeta, 5 years: IDLV 0.64IMTM 0.81; Market = 1

IDLV and IMTM in the news

All news⁠

New ETFs
Three new international stock funds, and none is the cheap one
Oct 5, 2026IMTM
ETF Filings
First Trust to liquidate HDMV, a $15 million international low-volatility ETF
Sep 14, 2026IDLV

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