SPLV vs TVAL: Differences, Returns & Fees
SPLV and TVAL hold 20% of their weight in the same names, and TVAL returned +26.8% over the year. Net assets on Oct 9, 2026: $7.0bn for Invesco S&P 500 Low Volatility ETF and $1.1bn for T. Rowe Price Value ETF.
SPLV costs 0.08 points a year less; their one-year returns differ by 24.8 points; SPLV is 6.5 times larger.
| SPLV | TVAL | |
|---|---|---|
| Expense ratio | 0.25% | 0.33% |
| Net assets | $7.0bn | $1.1bn |
| Total return, 1 year | +2.0% | +26.8% |
| What it tracks | S&P 500 Low Volatility Index | No index, actively managed |
| Holdings in common | 20% | |
| Holdings dated | Oct 10, 2026 | Jun 30, 2026 |
| Top ten holdings, share of the fund | 12.7% | 23.0% |
| Below its high | 7.1%, high on Jul 28, 2026 | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, SPLV and TVAL hold 20% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Oct 9, 2026.
half
20% in common
On the same fields
SPLV and TVAL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About SPLV
SPLV tracks an index. Over the year to Oct 9, 2026 it returned +2.0% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 10, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 108 positions, with the top ten at 12.7%. It sat 7.1% below its high of Jul 28, 2026 on Oct 9, 2026.
About TVAL
TVAL is actively managed and tracks no index. The prospectus expense ratio is 0.33% a year. By its holdings filed for Jun 30, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 158 positions, with the top ten at 23.0%.
Over the year to Oct 9, 2026 it returned +26.8% with distributions reinvested, against +26.4% for its benchmark, the Russell 1000 Value Index.
Questions people ask
- Which returned more over the last year, SPLV or TVAL?
- In the year to Oct 9, 2026, with distributions reinvested, SPLV returned +2.0% and TVAL +26.8%.
- Which is cheaper, SPLV or TVAL?
- SPLV is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, SPLV against TVAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/splv-vs-tval
ETFIQ. (Oct 9, 2026). SPLV against TVAL. Retrieved from https://etfiq.com/compare/any/splv-vs-tval
[SPLV against TVAL (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/splv-vs-tval)
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