Key stats
About Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
Expense ratio
0.25%
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Inception date
Apr 9, 2015
XRLV is a low-volatility, US large-cap ETF tuned for rising rates. Like bonds, dividend-paying stocks can suffer when rates rise. Higher-dividend stocks often find their way into low-volatility ETFs since such stocks often exhibit more stable returns. XRLV aims to subdue the possible downside from rising interest rates by removing the 100 names from the S&P 500 that have tended to fare the worst when rates rise (using a 5-year comparison to 10-year Treasurys.) XRLV then screens the remaining eligible firms for the 100 least volatile stocks. Similarly, the fund is weighted inversely to volatility. The resulting portfolio comes with numerous sector tilts and a bias toward smaller firms. The index is rebalanced quarterly.
Classification
What's in the fund
Exposure type
Consumer Non-Durables
Utilities
Finance
Stock breakdown by region