Invesco S&P MidCap Low Volatility ETF (XMLV) Stock

XMLV

Invesco S&P MidCap Low Volatility ETF XMLV · AMEX

$66.27 -0.35% (-$0.23)

Summary

Invesco S&P MidCap Low Volatility ETF is an ETF - a fund traded on an exchange like a stock - run by Invesco. Positions inside: 83. The ten largest make up 19% of the fund.

Yearly costs: 0.25%
Fund size: $725.4M
Positions: 83
Dividend yield: 3.01%
Running since: 2013

What speaks for it

Costs of 0.25% a year are below the middle of comparable funds (0.44%).
Average yearly growth over the last ten years: 5.6%.
It has been running since 2013.

What to watch

100% of the fund is in one country (United States).

A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.

1 month: +4.5%
3 months: -3.3%
This year: +6.3%
1 year: +5.4%
3 years: +36%
5 years: +18%
10 years: +73%

Avg. market cap: $8.41B
P/E: 17.2x
Forward P/E: 16.2x
P/S: 2.8x
P/B: 1.9x
P/FCF: 12.6x
EV/EBITDA: 10.3x
Dividend yield: 3.73%
ROIC: 91,010.1%
ROE: 12.6%
Gross margin: 46.3%
Operating margin: 31.1%
Net margin: 22.0%
Payout ratio: 64.0%
Net debt/EBITDA: 2.7x
Beta: 0.55

Weighted average of the 50 largest companies, which make up 69% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.

What is inside?

Widely spread

1
TX
TXNM Energy, Inc. TXNM 5.4%
2
OG
OGE Energy Corp. OGE 1.7%
3
ID
IDACORP IDA 1.6%
4
AD
Agree Realty Corporation ADC 1.5%
5
OG
ONE Gas, Inc. OGS 1.5%
6
AF
American Financial Group AFG 1.5%
7
SR
Spire Inc. SR 1.5%
8
NJ
New Jersey Resources Corporation NJR 1.5%
9
BR
Brixmor Property Group Inc. BRX 1.5%
10
IN
Ingredion Incorporated INGR 1.4%

Positions in the fund: 83. The ten largest make up 19% of it.

Composition as of Nov 6, 2026.

Where is it spread?

One country

By sector

Financials 32%
Real estate 30%
Utilities 21%
Industrials 5.5%
Consumer cyclical 4.9%
Other 7.4%

By country

United States 100%

By company size

Large cap 35%
Mid cap 65%

By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.

Largest sector: Financials (32%). Largest country: United States (100%). Largest size group: Mid cap (65%).

What does it cost me?

Cheap

This fund 0.25%

Middle of comparable ETFs 0.44%

A year from $10,000: $25.00
Over 20 years: $1,235

From every $10,000 invested the fund takes $25.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $1,235.

How has it done?

Growing over the long run

+21%

-8.5%

-0.6%

+14%

+2.5%

20212022202320242025

A year on average, 10 years: +5.6%
Deepest drop: -19%
Yearly volatility: 11%

Average yearly growth over the last ten years: 5.6%. Deepest drop in these years: 19% below the earlier high.

Does it pay dividends?

Yes, it pays out

0.66

1.10

1.24

1.36

1.79

20212022202320242025

Yield: 3.01%
Payments a year: 4
Last payment: $0.50

Over the last 12 months it paid $2.00 per share, which is 3.01% of today's price. The last payment was $0.50 on Sep 21, 2026.

Is it easy to buy and sell?

Yes

Traded a day: $1.36M
Shares a day: 21K

On an average day about $1.36M of the fund changes hands.

How expensive are the companies inside?

Usual valuation

P/E of the companies inside: 17.2
Average Bulios Score: 70 out of 100

Weight by Bulios Fair Price

Undervalued 49%
Fairly valued 13%
Overvalued 37%

On average the companies inside trade for 17.2 times their yearly profit. By Fair Price, 49% of the rated weight comes out as undervalued.

Counted from its largest companies (50), which make up 69% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.

Similar funds

Funds that hold much of the same. The overlap says how much of their weight they share with this fund.

Fund	Domicile		Size	1-year change	Dividends
RE REGL ProShares - S&P MidCap 400 Dividend Aristocrats ETF	United States	0.40%	$1.74B	+11%	Pays out	50%
HS HSMV First Trust Horizon Managed Volatility Small/Mid ETF	United States	0.80%	$32.0M	+1.6%	Pays out	40%
XM XMVM Invesco S&P MidCap Value with Momentum ETF	United States	0.37%	$531.9M	+19%	Pays out	30%
MD MDYV State Street SPDR S&P 400 Mid Cap Value ETF	United States	0.15%	$2.77B	+12%	Pays out	27%
IJ IJJ iShares S&P Mid-Cap 400 Value ETF	United States	0.18%	$8.60B	+12%	Pays out	27%
IV IVOV Vanguard S&P Mid-Cap 400 Value ETF	United States	0.10%	$1.16B	+12%	Pays out	27%

About the fund

The Invesco S&P MidCap Low Volatility ETF (XMLV) is structured to replicate the performance of the S&P MidCap 400 Low Volatility Index. The fund's investment strategy typically involves allocating at least 90% of its total assets to the securities that comprise this benchmark. Standard & Poor's is responsible for developing, overseeing, and calculating this Index. It consists of 80 specific mid-capitalization securities, which are handpicked from the broader S&P MidCap 400 Index. The primary selection criterion is having demonstrated the least historical price fluctuation, or "realized volatility," over the preceding 12 months. Volatility itself is a statistical measure that quantifies the degree of upward and downward movements in an asset's price over time. Both the Fund and its underlying Index undergo quarterly adjustments to their composition and holdings. As of August 31, 2025, the Fund achieved an overall Morningstar rating of 4 stars, placing it among 577 evaluated funds. For specific timeframes, it earned 3 stars over the three-year period (out of 577 funds) and also 3 stars over the five-year period (out of 556 funds), while securing an impressive 5 stars for its ten-year performance (out of 405 funds). These ratings, provided by Morningstar Inc., are derived from a risk-adjusted return methodology. This approach considers monthly performance variations, giving greater weight to periods of decline and rewarding consistent returns. For comparative analysis, open-end mutual funds and exchange-traded funds are grouped together, and a fund must have at least three years of history to receive a rating. The comprehensive overall rating is a weighted average of the applicable three-, five-, and ten-year metrics, factoring in fees and expenses but excluding sales charges. Morningstar's data is proprietary and should not be reproduced or distributed; its accuracy, completeness, or timeliness is not guaranteed, and Morningstar disclaims responsibility for any damages or losses arising from its use. Investors should note that past performance does not guarantee future results. Within any given category, five stars are awarded to the top 10% of funds, four stars to the subsequent 22.5%, three stars to the next 35%, two stars to the following 22.5%, and one star to the bottom 10%. These ratings are subject to monthly revisions. Furthermore, if fee waivers and/or expense reimbursements had not been in effect, the Morningstar rating might have been lower, and ratings for different share classes could vary due to their distinct performance characteristics.

Issuer: Invesco
Asset class: Equity
Domicile: United States
Launched: Feb 15, 2013
Net asset value per share: $66.01

Fund page at the issuer

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