IDLV vs TLTD: Grades, Fees and Holdings Compared

Invesco S&P International Developed Low Volatility ETF

IDLVBNYSE Arca

Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF

TLTDBNYSE Arca

Overlap

11.7%by weight

Expense ratio

IDLV −0.14pt a year

IDLV0.25%TLTD0.39%

Avg volume · 30D

IDLV 4.5×the volume

IDLV26.8KTLTD5.93K

10Y return · a year

TLTD +3.4pt

IDLV+6.2%TLTD+9.6%

IDLV vs TLTD Performance

Nov 2, 2021 – Nov 2, 2026

+38.6%IDLV+60.9%TLTD

Expense ratio: IDLV 0.25%, better; TLTD 0.39%
Fund size: IDLV $334M; TLTD $661M
1Y total return: IDLV +14.8%; TLTD +16.2%, better
Yield (12M): IDLV 4.83%, better; TLTD 3.32%
Holdings: IDLV 213; TLTD 2276
Avg volume (30D): IDLV 26.8K sh, better; TLTD 5.93K sh
NAV per share: IDLV $35.69; TLTD $100.18
52W range

ETF.net Grade

Pillar letters and Scores for IDLV, TLTD, with each pillar’s weight
Pillar	IDLV	TLTD
Cost30% weight	A75Higher	C43
Mission25% weight	B63	A100Higher
Risk15% weight	B68Higher	C46
Tradability15% weight	C47Higher	F24
Holdings10% weight	A80	A88Higher
Durability5% weight	C52	B56Higher

Rank among International Factor Index funds

How we build Categories ›

Same Category. IDLV and TLTD 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 TLTD 6th 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 3BEFGiShares MSCI EAFE Growth ETFScore 66
Rank 3BIDLVInvesco S&P International Developed Low Volatility ETFScore 66
Rank 5BIDMOInvesco S&P International Developed Momentum ETFScore 61
Rank 6BTLTDNorthern Trust Morningstar Developed Markets ex-US Factor Tilt ETFScore 59
Rank 7BIMTMiShares MSCI Intl Momentum Factor ETFScore 58

Our read on each fund

ETF.net Research

IDLVBInvesco S&P International Developed Low Volatility ETF

TLTDBNorthern Trust Morningstar Developed Markets ex-US Factor Tilt 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.

TLTD Most international factor funds cut the market down to a few hundred names. TLTD keeps roughly 2,300 developed ex-US stocks and leans the weights toward small caps and value instead. A whole-market tilt, not a screen.

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.

TLTD The Fund seeks long-term capital appreciation through broad developed-markets equity exposure outside the United States, with an intentional tilt toward small-capitalization and value stocks.

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.

TLTD Owns the haystack: roughly 2,300 developed ex-US stocks, weights tilted toward small caps and value rather than screened down to a concentrated basket.flexshares.com
0.39% net of a waiver through March 1, 2027 (0.41% gross), near the median for its international factor peer group.
Trading since 2012 and one of the tighter index implementations in its peer group, staying close to the Morningstar Developed Markets ex-US Factor Tilt Index.
Pays quarterly, with a mandate built for long-term capital appreciation across developed markets outside the US.

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.

TLTD Thinly traded next to headline developed-market funds, so bid-ask spreads can run wider and size takes patience.
Cheaper peers exist: EFAV at 0.20% and IDLV at 0.25%, neither leaning on a waiver, though both target low volatility rather than a small-and-value tilt.
That small and value lean means results can diverge from a plain cap-weighted developed-markets index in either direction.

Full IDLV profile⁠

Full TLTD profile⁠

IDLV vs TLTD Holdings

How IDLV and TLTD differ

Overlap by weight

11.7%

Shared holdings make up 79.0% of IDLV and 12.9% of TLTD.

Level by level

Holdings161 in both11.7%
Sector11 Sectors68.8%
Countryby domicile69.5%
Asset classEquity100%

Sector

Sector weights in IDLV and TLTD, widest gap first
Sector	More in IDLVMore in TLTD	IDLV	TLTD
Utilities	IDLV +11.3 points	14.3%	3.0%
Materials	TLTD +8.0 points	2.5%	10.5%
Consumer Staples	IDLV +7.8 points	13.0%	5.2%
Technology	TLTD +6.8 points	0.5%	7.3%
Consumer Discretionary	TLTD +6.0 points	4.6%	10.6%
Real Estate	IDLV +5.0 points	8.5%	3.5%
Financials	IDLV +4.5 points	30.3%	25.8%
Industrials	TLTD +3.7 points	14.4%	18.1%
Health Care	TLTD +3.7 points	2.5%	6.2%
Energy	TLTD +2.9 points	3.0%	5.8%
Communication	IDLV +2.5 points	6.6%	4.0%

Country, concentration and asset class

Country by domicile

Country weights in IDLV and TLTD, widest gap first
Country	More in IDLVMore in TLTD	IDLV	TLTD
Japan	TLTD +13.6 points	13.5%	27.1%
United Kingdom	TLTD +6.0 points	7.8%	13.8%
Singapore	IDLV +5.9 points	7.2%	1.3%
Canada	IDLV +4.6 points	15.3%	10.7%
Australia	IDLV +4.2 points	9.5%	5.3%
Sweden	IDLV +4.1 points	7.4%	3.3%
Hong Kong	IDLV +3.0 points	4.4%	1.4%
France	TLTD +2.5 points	4.8%	7.3%
Other countries (22)	IDLV +0.1 points	30.0%	29.9%

Outside the US: IDLV 100% developed, 0% emerging. TLTD 97% developed, 3% emerging.

Concentration

Weight in the 10 largest Holdings

IDLV7.0%
TLTD9.2%

Securities held

IDLV202
TLTD2,258

Asset class

IDLV: Equity
TLTD: Equity

Holdings

Only in IDLV41
In both161
Only in TLTD2,097

Only in IDLV

41 securities, 20.7% of IDLV by weight

Fortis Inc/Canada0.76%
Hydro One Ltd0.70%
Emera Inc0.67%
Royal Bank of Canada0.66%
Toronto-Dominion Bank/The0.63%
HKT Trust & HKT Ltd0.63%
Great-West Lifeco Inc0.58%
Metro Inc/CN0.57%
Bank of Nova Scotia/The0.57%
Enbridge Inc0.56%
Sun Life Financial Inc0.56%
TC Energy Corp0.55%
CapitaLand Investment Ltd/Singapore0.53%
AltaGas Ltd0.53%
Manulife Financial Corp0.53%
National Bank of Canada0.52%
Bank of Montreal0.52%
George Weston Ltd0.51%
Power Corp of Canada0.51%
Pembina Pipeline Corp0.51%
Canadian Imperial Bank of Commerce0.51%
CK Infrastructure Holdings Ltd0.50%
Loblaw Cos Ltd0.50%
Dollarama Inc0.50%
Waste Connections Inc0.49%
Fairfax Financial Holdings Ltd0.48%
Coca-Cola Europacific Partners PLC0.47%
Kerry Group PLC0.47%
Canadian National Railway Co0.47%
Nordea Bank Abp0.47%
BCE Inc0.46%
Intact Financial Corp0.46%
Canadian Pacific Kansas City Ltd0.45%
TotalEnergies SE0.45%
TPG Telecom Ltd0.44%
Coca-Cola HBC AG0.43%
BOC Hong Kong Holdings Ltd0.41%
TELUS Corp0.40%
Jardine Matheson Southeast Asia Ltd0.36%
Intesa Sanpaolo SpA0.35%
Invesco Government & Agency Portfolio0.03%

Only in TLTD

2,097 securities, 84.9% of TLTD by weight

Msci Eafe Equity Index 18/DEC/2026 MFSZ6 Index1.38%
Asml Holding NV Common Stock Eur 0.091.15%
Hsbc Holdings PLC Common Stock Gbp 0.50.94%
Totalenergies SE Common Stock Eur 2.50.64%
Roche Holding AG Common Stock Chf 0.0010.62%
Astrazeneca PLC Common Stock Gbp 0.250.55%
Banco Santander SA Common Stock Eur 0.50.53%
Royal Bank of Canada Common Stock Cad 00.52%
Sumitomo Mitsui Financial Group Inc Common Stock0.50%
Mitsubishi Ufj Financial Group Inc Common Stock0.46%
Sap SE Common Stock Eur 00.44%
Banco Bilbao Vizcaya Argentaria SA Common Stock0.43%
British American Tobacco PLC Common Stock Gbp 250.42%
Bp PLC Common Stock Gbp 0.250.41%
Unicredit Spa Common Stock Eur 00.40%
Siemens AG Common Stock Eur 00.39%
Mizuho Financial Group Inc Common Stock Jpy0.39%
Toronto-Dominion Bank/The Common Stock0.38%
Bhp Group Ltd Common Stock Aud 00.38%
Bank of Nova Scotia/The Common Stock Cad 00.38%
Shopify Inc Common Stock Cad0.38%
Canadian Natural Resources Ltd Common Stock Cad 00.36%
Commonwealth Bank of Australia Common Stock Aud 00.36%
Tokio Marine Holdings Inc Common Stock Jpy0.35%
Wpp PLC Common Stock Gbp 100.33%
Gsk PLC Common Stock Gbp 31.250.33%
Deutsche Telekom AG Common Stock Eur 00.33%
Itochu Corp Common Stock Jpy0.33%
Bnp Paribas SA Common Stock Eur 20.31%
Intesa Sanpaolo Spa Common Stock Eur 00.31%
Recruit Holdings Co Ltd Common Stock Jpy0.31%
Advantest Corp Common Stock Jpy0.31%
Sanofi SA Common Stock Eur 20.31%
Suncor Energy Inc Common Stock Cad 00.30%
Ing Groep NV Common Stock Eur 0.010.30%
Man Group Plc/Jersey Common Stock Gbp 0.034285710.28%
Rio Tinto PLC Common Stock Gbp 100.28%
Adecco Group AG Common Stock Chf 0.10.27%
Sony Group Corp Common Stock Jpy0.27%
Teleperformance SE Common Stock Eur 2.50.27%
Hitachi Ltd Common Stock Jpy0.27%
Schneider Electric SE Common Stock Eur 40.26%
Airbus SE Common Stock Eur 10.25%
Rolls-Royce Holdings PLC Common Stock Gbp 200.25%
Tokyo Electron Ltd Common Stock Jpy0.25%
Barclays PLC Common Stock Gbp 250.25%
Abb Ltd Common Stock Chf 0.120.24%
Manulife Financial Corp Common Stock Cad 00.24%
Bank of Montreal Common Stock Cad 00.24%
Berkeley Group Holdings Plc/The Common Stock Gbp0.24%

Weight gaps

The 100 widest of 161 Holdings in both funds.

Holding weights in IDLV and TLTD, widest gap first
Holding	More in IDLVMore in TLTD	IDLV	TLTD
CLP Holdings Ltd	IDLV +0.79 points	0.82%	0.03%
CapitaLand Ascendas REIT	IDLV +0.67 points	0.68%	<0.01%
Toyota Motor Corp	TLTD +0.64 points	<0.01%	0.65%
CapitaLand Integrated Commercial Trust	IDLV +0.64 points	0.65%	0.01%
Tryg A/S	IDLV +0.63 points	0.65%	0.01%
Snam SpA	IDLV +0.63 points	0.66%	0.03%
Mapletree Pan Asia Commercial Trust	IDLV +0.62 points	0.63%	<0.01%
Telstra Group Ltd	IDLV +0.62 points	0.65%	0.03%
APA Group	IDLV +0.60 points	0.61%	0.01%
Groupe Bruxelles Lambert NV	IDLV +0.59 points	0.60%	<0.01%
Swiss Life Holding AG	IDLV +0.58 points	0.64%	0.06%
Nomura Real Estate Master Fund Inc	IDLV +0.58 points	0.58%	<0.01%
Swisscom AG	IDLV +0.57 points	0.62%	0.05%
Schindler Holding AG	IDLV +0.57 points	0.60%	0.03%
Terna - Rete Elettrica Nazionale	IDLV +0.57 points	0.60%	0.03%
Power Assets Holdings Ltd	IDLV +0.57 points	0.59%	0.02%
Singapore Airlines Ltd	IDLV +0.56 points	0.59%	0.03%
Sgs SA	IDLV +0.56 points	0.60%	0.04%
Sampo Oyj	IDLV +0.55 points	0.60%	0.05%
Hong Kong & China Gas Co Ltd	IDLV +0.55 points	0.56%	<0.01%
Transurban Group	IDLV +0.55 points	0.61%	0.06%
Lottery Corp Ltd/The	IDLV +0.53 points	0.55%	0.02%
Ageas SA/NV	IDLV +0.53 points	0.57%	0.04%
NTT Inc	IDLV +0.52 points	0.60%	0.08%
Telia Co AB	IDLV +0.52 points	0.54%	0.02%
NN Group NV	IDLV +0.51 points	0.58%	0.07%
L E Lundbergforetagen AB	IDLV +0.51 points	0.52%	0.01%
Shell PLCSHEL.L	TLTD +0.51 points	0.49%	1.00%
Japan Metropolitan Fund Invest	IDLV +0.51 points	0.53%	0.02%
Tokyo Metro Co Ltd	IDLV +0.51 points	0.51%	<0.01%
SpareBank 1 Sor-Norge ASA	IDLV +0.50 points	0.52%	0.02%
Nippon Prologis REIT Inc	IDLV +0.50 points	0.50%	<0.01%
Hannover Rueck SE	IDLV +0.50 points	0.55%	0.05%
Scentre Group	IDLV +0.49 points	0.52%	0.03%
Nippon Building Fund Inc	IDLV +0.50 points	0.50%	<0.01%
Contact Energy Ltd	IDLV +0.49 points	0.50%	0.01%
United Overseas Bank Ltd	IDLV +0.49 points	0.63%	0.14%
Henkel AG & Co KGaA	IDLV +0.49 points	0.52%	0.03%
Medibank Pvt Ltd	IDLV +0.49 points	0.51%	0.02%
EMS-Chemie Holding AG	IDLV +0.48 points	0.50%	0.02%
Auckland International Airport Ltd	IDLV +0.48 points	0.49%	0.01%
GPT Group/The	IDLV +0.48 points	0.50%	0.02%
Severn Trent PLCSVT.L	IDLV +0.48 points	0.50%	0.02%
Link REIT	IDLV +0.47 points	0.51%	0.04%
Orkla ASA	IDLV +0.48 points	0.49%	0.01%
MTR Corp Ltd	IDLV +0.48 points	0.50%	0.02%
Japan Real Estate Investment Corp	IDLV +0.48 points	0.48%	<0.01%
Tokyu Corp	IDLV +0.47 points	0.48%	0.01%
Svenska Cellulosa AB SCA	IDLV +0.47 points	0.48%	<0.01%
Mercury NZ Ltd	IDLV +0.47 points	0.48%	<0.01%
Suntory Beverage & Food Ltd	IDLV +0.47 points	0.48%	<0.01%
DNB Bank ASA	IDLV +0.47 points	0.55%	0.08%
Naturgy Energy Group SA	IDLV +0.47 points	0.48%	0.01%
USS Co Ltd	IDLV +0.46 points	0.47%	<0.01%
Kone Oyj	IDLV +0.46 points	0.50%	0.04%
Sekisui House Ltd	IDLV +0.46 points	0.50%	0.04%
Essity AB	IDLV +0.46 points	0.53%	0.07%
United Utilities Group PLCUU.L	IDLV +0.45 points	0.48%	0.03%
Canon Marketing Japan Inc	IDLV +0.46 points	0.47%	0.01%
Svenska Handelsbanken AB	IDLV +0.45 points	0.53%	0.08%
Sofina SA	IDLV +0.46 points	0.47%	0.01%
Endesa SA	IDLV +0.45 points	0.48%	0.04%
Storebrand ASA	IDLV +0.45 points	0.48%	0.03%
Mowi ASA	IDLV +0.44 points	0.47%	0.03%
Sembcorp Industries Ltd	IDLV +0.45 points	0.46%	0.01%
Oji Holdings Corp	IDLV +0.44 points	0.45%	<0.01%
SoftBank Corp	IDLV +0.44 points	0.53%	0.09%
Gjensidige Forsikring ASA	IDLV +0.44 points	0.45%	0.01%
Geberit AG	IDLV +0.44 points	0.47%	0.03%
Washington H Soul Pattinson & Co Ltd	IDLV +0.44 points	0.46%	0.02%
Industrivarden AB	IDLV +0.44 points	0.48%	0.04%
Vicinity Ltd	IDLV +0.44 points	0.46%	0.02%
Assa Abloy AB	IDLV +0.43 points	0.51%	0.08%
Imperial Brands PLCIMB.L	IDLV +0.44 points	0.53%	0.09%
Talanx AG	IDLV +0.44 points	0.46%	0.02%
Secom Co Ltd	IDLV +0.43 points	0.47%	0.04%
Daiwa House Industry Co Ltd	IDLV +0.43 points	0.49%	0.06%
Iberdrola SA	IDLV +0.44 points	0.72%	0.28%
Carlsberg AS	IDLV +0.43 points	0.45%	0.02%
Veolia Environnement SA	IDLV +0.43 points	0.51%	0.08%
West Japan Railway Co	IDLV +0.43 points	0.45%	0.02%
McDonald's Holdings Co Japan Ltd	IDLV +0.43 points	0.44%	<0.01%
Genting Singapore Ltd	IDLV +0.42 points	0.42%	<0.01%
Swedbank AB	IDLV +0.42 points	0.53%	0.11%
Poste Italiane SpA	IDLV +0.42 points	0.46%	0.04%
Elia Group SA/NV	IDLV +0.42 points	0.43%	<0.01%
Tele2 AB	IDLV +0.41 points	0.43%	0.02%
Yamato Holdings Co Ltd	IDLV +0.42 points	0.42%	<0.01%
QBE Insurance Group Ltd	IDLV +0.41 points	0.49%	0.08%
Lonza Group AG	IDLV +0.41 points	0.51%	0.10%
Mirvac Group	IDLV +0.41 points	0.44%	0.03%
Alfa Laval AB	IDLV +0.41 points	0.44%	0.03%
Swire Pacific Ltd	IDLV +0.41 points	0.43%	0.02%
Skanska AB	IDLV +0.41 points	0.43%	0.02%
Securitas AB	IDLV +0.41 points	0.43%	0.02%
Coles Group Ltd	IDLV +0.41 points	0.45%	0.04%
Heineken NV	IDLV +0.41 points	0.50%	0.09%
Asahi Group Holdings Ltd	IDLV +0.40 points	0.44%	0.04%
Aena SME SA	IDLV +0.40 points	0.44%	0.04%
Mitsubishi HC Capital Inc	IDLV +0.40 points	0.42%	0.02%

All 205 IDLV holdings⁠All 2,300 TLTD 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 TLTD Cost

Overpaying TLTD vs IDLV

$2,739

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

IDLV 0.25%
$5,159
TLTD 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

IDLV 0.25%
TLTD 0.39%
Overpaying

Year by year

Year	IDLV	TLTD	Overpaying
10	$455	$705	$250
20	$1,769	$2,725	$956
30	$5,159	$7,898	$2,739

Expense ratio

0.25%IDLV, cheaper
0.39%TLTD

IDLV0.25%TLTD0.39%

0.08%0.65%

Middle half of International Factor Index funds
Median 0.34%

IDLV 4th cheapest of 15 funds

TLTD 9th cheapest of 15 funds

IDLV vs TLTD Dividends

Last 12 months to Nov 2, 2026

Yield (12M): IDLV 4.83%, better; TLTD 3.32%
Payout (12M): IDLV $1.74; TLTD $3.32
Last payment: IDLV $0.30; TLTD $0.42
Ex-dividend: IDLV Sep 21, 2026; TLTD Sep 18, 2026
Paid on: IDLV Sep 25, 2026; TLTD Sep 24, 2026
Frequency: IDLV Quarterly; TLTD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IDLVQuarterly · 39 paymentsAll IDLV payments⁠

TLTDQuarterly · 39 paymentsAll TLTD payments⁠

IDLV vs TLTD Risk

Fall from peak · 5 years

IDLV
TLTD

Risk facts

VolatilityStd dev, 3 years: IDLV 11.2%, betterTLTD 12.1%
Return per unit of riskSharpe ratio, 3 years: IDLV 0.98TLTD 1.37, better
Worst fallMax drawdown, 5 years: IDLV −22.5%, betterTLTD −28.4%
Market sensitivityBeta, 5 years: IDLV 0.64TLTD 0.93; Market = 1

IDLV and TLTD in the news

All news⁠

ETF Filings
First Trust to liquidate HDMV, a $15 million international low-volatility ETF
Sep 14, 2026IDLV

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IDLV vs TLTD

In short

Stated mandate

Why people hold it

Worth knowing

How IDLV and TLTD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IDLV

Only in TLTD

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

First Trust to liquidate HDMV, a $15 million international low-volatility ETF

How IDLV and TLTD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IDLV

Only in TLTD

Weight gaps