SPLV — Invesco S&P 500 Low Volatility ETF
Invesco · Expense Ratio: 0.25% · Factor/Smart Beta · 6bp above the Factor/Smart Beta category average of 0.19%
Key Facts
| Ticker | SPLV |
| Full Name | Invesco S&P 500 Low Volatility ETF |
| Provider | Invesco |
| Expense Ratio | 0.25% |
| Category | Factor/Smart Beta |
| Assets Under Management | $12B |
| Inception Year | 2011 (15 years ago) |
| Number of Holdings | 100 |
| Dividend Yield | ~2% (moderate) |
| Top Holdings | BRK.B, JNJ, PG, KO |
What Is SPLV?
SPLV, managed by Invesco, launched in 2011, is a well-established ETF with adequate liquidity for most investors in the Factor/Smart Beta category. Smart-beta factor ETF targeting specific investment factors like quality, momentum, or low volatility. With $12B in assets under management, it has adequate trading volume for most individual investors.
SPLV in a FIRE Portfolio
This fund serves as a satellite position — adding targeted exposure to factor/smart beta within a FIRE portfolio built around a broad-market core.
Satellite holdings typically make up 5-20% of your portfolio. This fund complements a broad-market core — use it as a tilt, not the foundation. Keep your core holdings at 70-80% and use this for targeted exposure.
Cost Analysis: How SPLV's 0.25% Fee Affects Your FIRE Timeline
At 0.25%, SPLV is moderately priced. Annual cost on a $100K position: $250. Over 30 years, fees could consume approximately 1.5% of total returns. On a $1M FIRE portfolio, cumulative fees approach $25,000. Compare with lower-cost peers in Factor/Smart Beta: .
Dividend Income Potential
With a moderate dividend yield of approximately 2%, here's what SPLV could generate in annual income at different portfolio sizes:
| Portfolio Value | Annual Dividend Income | Monthly Income |
|---|---|---|
| $100,000 | $2,000/year | $167/month |
| $250,000 | $5,000/year | $417/month |
| $500,000 | $10,000/year | $833/month |
| $1,000,000 | $20,000/year | $1,667/month |
Frequently Asked Questions About SPLV
What is the expense ratio for SPLV?
SPLV has an expense ratio of 0.25%. This is moderately priced — on a $100K portfolio, annual fees are $250. 6bp above the factor/smart beta category average of 0.19%.
Is SPLV good for a FIRE portfolio?
This fund serves as a satellite position — adding targeted exposure to factor/smart beta within a FIRE portfolio built around a broad-market core. Its 0.25% expense ratio is moderately priced for the Factor/Smart Beta category.
How does the 0.25% fee affect long-term returns?
At 0.25%, annual costs are $250/$100K. Over 30 years, this could reduce your final portfolio value by 1.5% or more. For a $1M FIRE portfolio, that's $15,000+ in lost compound growth.
Is SPLV liquid enough for my portfolio?
SPLV manages $12B in assets — a well-established ETF with adequate liquidity for most investors. For most individual FIRE investors making regular contributions, liquidity is sufficient. If you're investing large lump sums ($100K+), use limit orders to control your execution price.
Similar ETFs in Factor/Smart Beta
- QUAL — iShares MSCI USA Quality Factor ETF (0.15% · Satellite Position)
- USMV — iShares MSCI USA Min Vol Factor ETF (0.15% · Satellite Position)
- MTUM — iShares MSCI USA Momentum Factor ETF (0.15% · Satellite Position)
- VLUE — iShares MSCI USA Value Factor ETF (0.15% · Satellite Position)
- SIZE — iShares MSCI USA Size Factor ETF (0.15% · Satellite Position)
- IVLU — iShares MSCI International Value Factor ETF (0.3% · Satellite Position)