SPLV vs VTI: Performance, Holdings, Fees & Risk
SPLV and VTI are ETFs, but they can differ materially in exposure, yield, fees and risk. SPLV is Invesco S&P 500 Low Volatility ETF, while VTI is Vanguard Morningstar Total Stock Market ETF. VTI is broader by holdings count, with 3,524 positions versus 108 for SPLV. VTI is more concentrated at the top, based on top-10 holdings weight. Current AlgovestIQ evidence has SPLV ahead on AIQ Score, 70 versus 55.
What is the main difference between SPLV and VTI?
VTI holds 3,524 positions to SPLV's 108, and 14% of their weight is in the same securities.
| Metric | SPLV | VTI |
|---|---|---|
| Fund | ||
| Expense ratio | 0.25% | 0.03% |
| Holdings | 108 | 3,524 |
| Top-10 concentration | 12.6% | 33.2% |
| Distribution yieldTrailing 12 months | 2.15% | 1.09% |
| Average volume | 2,130,264 | 3,162,812 |
| Performance | ||
| 1Y return | +8.6% | +8.7% |
| YTD return | +7.6% | +8% |
| 5Y annualized returnTotal return, distributions reinvested | +6% | +9.8% |
| Risk | ||
| Annualized volatility | 11.1% | 13.8% |
| Max drawdown (1Y) | -9.6% | -9.2% |
| Max drawdown (5Y)Total return, distributions reinvested | -17.3% | -25.4% |
| Beta | 0.05 | 1.01 |
| Sharpe ratio | 0.47 | 0.47 |
| Sortino ratio | 0.85 | 0.64 |
| AlgovestIQ | ||
| AIQ Score | 70/100 | 55/100 |
| AIQ Edge Score | 10/10 | 6/10 |
| Momentum | 76/100 | 32/100 |
| Risk Resilience | 60/100 | 77/100 |
AlgovestIQ AIQ Comparison
Invesco S&P 500 Low Volatility ETF vs Vanguard Morningstar Total Stock Market ETF
SPLV leads
SPLV leads by 15 AIQ points, primarily on Momentum, and the lead has widened from 6 points over 30 sessions.
Competitive: 2 of 3 evidence groups support SPLV, its lead is widening, and its current signal state is conflicted.
Invesco S&P 500 Low Volatility ETF
Vanguard Morningstar Total Stock Market ETF
The Algovestiq AIQ Score currently favors SPLV over VTI, 70 versus 55 as of Nov 7, 2026. SPLV's advantage is driven primarily by stronger momentum, while VTI holds the stronger risk resilience profile. SPLV also shows the stronger technical structure relative to its 50-day moving average. 2 of 3 covered evidence groups favor SPLV today, and the comparison is rated Competitive on stability: the leader is throwing conflicting signals. SPLV lead: Strengthening — the AIQ differential moved from 6 to 15 points over 30 sessions.
Compare Invesco S&P 500 Low Volatility ETF and Vanguard Morningstar Total Stock Market ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
SPLV vs VTI: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | SPLV | VTI | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.25% | 0.03% | VTI |
| Broader diversificationNumber of holdings | 108 | 3,524 | VTI |
| Lower concentrationWeight of the 10 largest holdings | 12.6% | 33.2% | SPLV |
| Higher incomeTrailing 12-month distribution yield | 2.15% | 1.09% | SPLV |
| Smaller drawdownsMax drawdown, 5 years | -17.3% | -25.4% | SPLV |
| Lower volatilityAnnualized volatility, 1 year | 11.1% | 13.8% | SPLV |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare SPLV and VTI against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Momentum76 vs 32SPLV +44
- Risk Resilience60 vs 77VTI +17
- Quality69 vs 74VTI +5
2 of 3 evidence groups favor SPLV. SPLV’s edge is concentrated in momentum; VTI keeps a meaningful risk resilience edge.
What changed since the last close
Latest scored session 2026-11-06, compared against the prior scored session 2026-11-05.
Largest factor move: Momentum +1
No signal started or stopped since the prior session; its 6 active signals are unchanged.
Largest factor move: Value +2, not enough on its own to move the overall score.
No signal started or stopped since the prior session; its 5 active signals are unchanged.
SPLV's lead widened by 1 AIQ point in the latest session.
Deeper signal detail for each name lives on its own signals page — SPLV and VTI both carry a full feed there.
The central trade-off
SPLV (Invesco S&P 500 Low Volatility ETF): the stronger current systematic profile, led by momentum.
VTI (Vanguard Morningstar Total Stock Market ETF): the counter-case, on risk resilience, quality.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | SPLV | VTI | Why it matters |
|---|---|---|---|
| Expense ratio | 0.25% | 0.03% | Lower is better — it compounds against you every year you hold. |
| Holdings | 108 | 3,524 | More holdings means broader diversification, not better returns. |
| Average volume | 2,130,264 | 3,162,812 | Liquidity — matters most if you trade size. |
| Annualized volatility | 11.1% | 13.8% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -9.6% | -9.2% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | 0.47 | 0.47 | Return per unit of risk. Higher is better. |
| Beta | 0.05 | 1.01 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
SPLV and VTI share 14.38% of their weighted exposure across 100 common holdings.
1 holding is unique to SPLV, and 3,399 holdings are unique to VTI. Owning both is genuinely additive — most of the capital sits in different securities.
VTI is the more concentrated of the two: its ten largest positions are 33.24% of the fund, against 12.58% for SPLV (3,524 holdings vs 108). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
Largest shared positions
| Holding | SPLV | VTI | Shared |
|---|---|---|---|
| BRK-BBerkshire Hathaway Inc | 1.38% | 1.28% | 1.28% |
| JPMJPMorgan Chase & Co | 0.89% | 1.31% | 0.89% |
| JNJJohnson & Johnson | 1.14% | 0.86% | 0.86% |
| VVisa Inc | 0.95% | 0.83% | 0.83% |
| MAMastercard Inc | 0.93% | 0.63% | 0.63% |
| COSTCostco Wholesale Corp | 0.98% | 0.59% | 0.59% |
| BACBank of America Corp | 0.91% | 0.55% | 0.55% |
| CVXChevron Corp | 0.97% | 0.52% | 0.52% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What SPLV adds that VTI doesn’t
| Holding | SPLV | VTI |
|---|---|---|
| REGRegency Centers Corp | 1.28% | 0.02% |
| FEFirstEnergy Corp | 1.27% | 0.04% |
| DUKDuke Energy Corp | 1.26% | 0.14% |
| WECWEC Energy Group Inc | 1.26% | 0.05% |
| EVRGEvergy Inc | 1.25% | 0.03% |
| ATOAtmos Energy Corp | 1.24% | 0.04% |
What VTI adds that SPLV doesn’t
| Holding | VTI | SPLV |
|---|---|---|
| NVDANVIDIA Corp | 6.4% | Not held |
| AAPLApple Inc | 6.29% | Not held |
| MSFTMicrosoft Corp | 4.79% | Not held |
| AMZNAmazon.com Inc | 3.65% | Not held |
| GOOGLAlphabet Inc | 2.9% | Not held |
| AVGOBroadcom Inc | 2.56% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
AIQ Agreement Matrix
2 of 3 covered evidence groups favor SPLV. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | SPLV | 70 vs 55 |
| Fundamentals | Not covered | Not covered |
| Valuation | Not covered | Not covered |
| Technicals | SPLV | Price vs 50-day 4.2% vs -3.8%; vs 200-day 3.3% vs 0.8% |
| Risk Resilience | VTI | Risk Resilience 60 vs 77 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of SPLV and VTI and are excluded from the count.
AIQ Decision Stability
The two are close enough that your objective, not the score, should decide.
- The AIQ gap is wide at 15 points. (supports the conclusion holding)
- The leader's advantage has been widening. (supports the conclusion holding)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on SPLV.
How the comparison changed
120 daily snapshots · Jul 8 – Nov 6SPLV lead: Strengthening — the AIQ differential moved from 6 to 15 points over 30 sessions.
- Today
- SPLV +15
- 70 vs 55
- 7 sessions ago
- SPLV +15
- 71 vs 56
- 30 sessions ago
- SPLV +6
- 65 vs 59
- 90 sessions ago
- VTI +2
- 58 vs 60
The lead changed hands 6 times in this window, most recently on Oct 14 when SPLV moved ahead of VTI.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
3 bullish / 1 bearish / 2 neutral, conflicted
Only SPLV
- Bollinger Band Squeeze — neutral, volatility, short horizon
- Death Cross Active — bearish, trend, long horizon (0.90%)
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
- 52-Week High Proximity — bullish, risk, long horizon (2.7%)
- MACD Bullish Crossover — bullish, momentum, short horizon
2 bullish / 2 bearish / 1 neutral, conflicted
Only VTI
- Golden Cross Active — bullish, trend, long horizon (4.54%)
- BB Lower Band Breach — bullish, volatility, short horizon
- Keltner Channel Breakdown — bearish, volatility, short horizon
- MACD Bearish Crossover — bearish, momentum, short horizon
Both carry 1 more signal that do not separate them: ATR Contraction - Coiling.
SPLV leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price is down while the AIQ Score moved up 1 points over the same session — price and model disagree (price -0.93%, AIQ +1 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +0.39%, AIQ 0 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1VTI closes the Momentum gap — currently 44 points behind, the largest single contributor to SPLV's edge.
- 2VTI's Keltner Channel Breakdown resolves — a bearish volatility rule currently active against it.
- 3SPLV's conflicting signal state resolves bearish — it currently carries 3 bullish and 1 bearish rules at once.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
SPLV leads 4 of 6 windows| Metric | SPLV | VTI |
|---|---|---|
| 1 week (5 sessions) | 0.4% | -2.6% |
| 1 month (20 sessions) | 6.6% | -5.2% |
| 3 months (63 sessions) | 1.5% | -5.2% |
| 6 months (126 sessions) | 5.8% | -0.3% |
| Year to date | 7.6% | 8% |
| 1 year (252 sessions) | 8.6% | 8.7% |
Technicals
SPLV has the stronger structure| Metric | SPLV | VTI |
|---|---|---|
| RSI (14) | 66.3 | 36.3 |
| ADX (14) | 41 | 19.5 |
| Price vs 50-day | 4.2% | -3.8% |
| Price vs 200-day | 3.3% | 0.8% |
| Volatility (1M, annualized) | 15.8% | 19.8% |
Risk
VTI is the more resilient| Metric | SPLV | VTI |
|---|---|---|
| Beta | 0.05 | 1.01 |
| Sharpe ratio | 0.47 | 0.47 |
| Sortino ratio | 0.85 | 0.64 |
| Max drawdown | -9.6% | -9.2% |
| Current drawdown | -2.1% | -5.8% |
| Annualized volatility | 11.1% | 13.8% |
| Value at risk (95%) | -1% | -1.4% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between SPLV and VTI?
VTI holds 3,524 positions to SPLV's 108, and 14% of their weight is in the same securities.
How much do SPLV and VTI overlap?
SPLV and VTI share 14.38% of their weighted exposure across 100 common holdings. 1 holding is unique to SPLV, and 3,399 holdings are unique to VTI. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, SPLV or VTI?
VTI holds more positions: 3,524 versus 108 for SPLV.
Which has the lower expense ratio?
VTI has the lower expense ratio, 0.03% a year against 0.25% for SPLV.
Which ETF has the higher distribution yield?
SPLV, with a trailing 12-month distribution yield of 2.15% against 1.09% for VTI.
Which ETF has been more volatile?
VTI has been more volatile over the past year, at 13.8% annualized against 11.1% for SPLV.
Which ETF has had the smaller drawdown?
SPLV fell less from peak to trough over the past five years: -17.3% against -25.4% for VTI.
Compare SPLV and VTI with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.