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QQLV vs SMLV

Invesco QQQ Low Volatility ETF

QQLVCNasdaq

State Street SPDR US Small Cap Low Volatility Index ETF

SMLVBNYSE Arca

Overlap

Expense ratio

SMLV −0.13pt a year

QQLV0.25%SMLV0.12%

Avg volume · 30D

SMLV 1.9×the volume

QQLV1.9KSMLV3.58K

QQLV vs SMLV Performance

Nov 7, 2025 – Nov 9, 2026

+15.0%QQLV+27.4%SMLV

Nov 7, 2025 to Nov 9, 2026. QQLV +15.0%. SMLV +27.4%. Use the arrow keys to read each point.0%5%10%20%Nov 2025May 2026Nov 2026
Expense ratio
QQLV 0.25%
SMLV 0.12%, better
Fund size
QQLV $3M
SMLV $259M
1Y total return
QQLV +15.0%
SMLV +27.4%, better
Yield (12M)
QQLV 1.80%
SMLV 2.30%, better
Holdings
QQLV 28
SMLV 391
Avg volume (30D)
QQLV 1.9K sh
SMLV 3.58K sh, better
NAV per share
QQLV $26.57
SMLV $154.85
52W range

ETF.net Grade

QQLV: Cost 30, Risk 35, Mission 79, Tradability 44, Holdings 20, Durability 10. SMLV: Cost 90, Risk 45, Mission 72, Tradability 45, Holdings 79, Durability 53.
Pillar letters and Scores for QQLV, SMLV, with each pillar’s weight
PillarQQLVSMLV
Cost30% weightD30A90Higher
Mission25% weightA79HigherA72
Risk15% weightD35C45Higher
Tradability15% weightC44C45Higher
Holdings10% weightF20A79Higher
Durability5% weightF10C53Higher

Rank among US Low Volatility Index funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QQLV and SMLV are both graded against the same 16 US Low Volatility Index funds, so their Grades compare head to head.

US Low Volatility Index⁠

Category · 16 funds
See all 16 ›

SMLV ranks 4th and QQLV 15th of 16 funds in the US Low Volatility Index Category.

  1. Rank 1ALGLVState Street SPDR US Large Cap Low Volatility Index ETFScore 78
  2. Rank 2AQLVNorthern Trust US Quality Low Volatility ETFScore 75
  3. Rank 3AUSMViShares MSCI USA Min Vol Factor ETFScore 73
  4. Rank 4BSMLVState Street SPDR US Small Cap Low Volatility Index ETFScore 69
  5. Rank 5BONEVState Street SPDR Russell 1000 Low Volatility Focus ETFScore 67
  6. Rank 14CXSLVInvesco S&P SmallCap Low Volatility ETFScore 44
  7. Rank 15CQQLVInvesco QQQ Low Volatility ETFScore 40
  8. Rank 16DVSMVVictoryShares US Multi-Factor Minimum Volatility ETFScore 39

Our read on each fund

ETF.net Research

QQLVCInvesco QQQ Low Volatility ETF

SMLVBState Street SPDR US Small Cap Low Volatility Index ETF

In short

QQLV No data

SMLV Low volatility is usually a large-cap game. SMLV runs the same calm-stocks screen down where the swings actually live: US small caps, roughly 400 of them, for 0.12% a year.

Stated mandate

QQLV No data

SMLV The fund's advertised mandate is exposure to U.S. small-capitalization companies selected for low volatility.

Why people hold it

QQLV No data

  • SMLV Costs 0.12% a year, under the 0.20% median for its low-volatility peer group.
  • The low-vol shelf is stacked with large-cap mandates (USMV, LGLV, ONEV). This one applies the screen to US small caps instead.ssga.com
  • Roughly 400 holdings, so no single small cap steers the fund. It has tracked its index through live markets since 2013.
  • Sits in the upper half of its low-volatility cohort on our overall read.

Worth knowing

QQLV No data

  • SMLV Thinly traded next to the giants of the category, so the spread you pay at the point of trade matters more here.
  • Low volatility is relative, not absolute. This is still small-cap equity, and it rides rougher than the large-cap min-vol funds it shares a shelf with.
  • Distributions land quarterly, not monthly.

Full QQLV profile⁠

Full SMLV profile⁠

QQLV vs SMLV 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.

QQLV vs SMLV Cost

Overpaying QQLV vs SMLV

$2,639

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

  • QQLV 0.25%

    $5,159

  • SMLV 0.12%

    $2,520

$10,000
30 years

Cost over time

  • QQLV 0.25%
  • SMLV 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530QQLV $5,159SMLV $2,520

Year by year

YearQQLVSMLVOverpaying
10$455$220$235
20$1,769$859$910
30$5,159$2,520$2,639

Expense ratio

  • 0.25%QQLV
  • 0.12%SMLV, cheaper
  • Middle half of US Low Volatility Index funds
  • Median 0.20%

SMLV 2nd cheapest of 16 funds

QQLV 10th cheapest of 16 funds

QQLV vs SMLV Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
QQLV 1.80%
SMLV 2.30%, better
Payout (12M)
QQLV $0.49
SMLV $3.63
Last payment
QQLV $0.05
SMLV $0.97
Ex-dividend
QQLV Oct 19, 2026
SMLV Sep 21, 2026
Paid on
QQLV Oct 23, 2026
SMLV Sep 23, 2026
Frequency
QQLV Monthly
SMLV Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

QQLVMonthly · 22 paymentsAll QQLV payments⁠
One bar per payment. 22 payments from 2023 to 2026 YTD. Jan 21, 2025 $0.02; Feb 24, 2025 $0.03; Mar 24, 2025 $0.02; Apr 21, 2025 $0.03; May 19, 2025 $0.03; Jun 23, 2025 $0.04; Jul 21, 2025 $0.05; Aug 18, 2025 $0.05; Sep 22, 2025 $0.04; Oct 20, 2025 $0.05; Nov 24, 2025 $0.03; Dec 22, 2025 $0.06; Jan 20, 2026 $0.03; Feb 23, 2026 $0.03; Mar 23, 2026 $0.03; Apr 20, 2026 $0.05; May 18, 2026 $0.04; Jun 22, 2026 $0.05; Jul 20, 2026 $0.05; Aug 24, 2026 $0.04; Sep 21, 2026 $0.03; Oct 19, 2026 $0.05. Use the arrow keys to read each point.$0$120232026YTD
SMLVQuarterly · 15 paymentsAll SMLV payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. Mar 17, 2023 $0.84; Jun 16, 2023 $0.64; Sep 15, 2023 $0.66; Dec 15, 2023 $0.87; Mar 15, 2024 $0.56; Jun 21, 2024 $0.90; Sep 20, 2024 $0.89; Dec 20, 2024 $1.07; Mar 24, 2025 $0.85; Jun 23, 2025 $0.83; Sep 22, 2025 $0.87; Dec 22, 2025 $1.04; Mar 23, 2026 $0.71; Jun 22, 2026 $0.91; Sep 21, 2026 $0.97. Use the arrow keys to read each point.$0$120232026YTD

QQLV vs SMLV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QQLV 11.7%since Jan 2025SMLV 17.2%
Return per unit of riskSharpe ratio, 3 years
QQLV 0.41since Jan 2025SMLV 0.94
Worst fallMax drawdown, 5 years
QQLV −9.5%since Dec 2024SMLV −20.4%
Market sensitivityBeta, 5 years
QQLV 0.16SMLV 0.80

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