What Is the EELV ETF? Returns, Expense Ratio, Holdings, and Alternative ETFs Explained
The Invesco S&P Emerging Markets Low Volatility ETF (EELV) is a passive product that selects emerging market stocks with low historical volatility in order to reduce risk. Its low-volatility selection structure and how its strategy and regional exposure differ from EEMV, EFAV, and ACWV are the key selection criteria.
SubscribeWhat Is the Invesco S&P Emerging Markets Low Volatility ETF?
This is a passive ETF that overweights emerging market stocks that have shown low historical volatility. By concentrating on emerging market companies with low volatility, it seeks to reduce the volatility of emerging market exposure.
It suits investors who want to invest in emerging markets while reducing volatility, gaining relatively stable exposure to the asset class.
It is an ETF managed by Invesco using a passive (index-tracking) approach.
How Does the Invesco S&P Emerging Markets Low Volatility ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | S&P Emerging Markets Low Volatility |
| Management Style | Passive (low-volatility selection) |
| Selection Criteria | Low historical volatility |
| Dividend Frequency | Quarterly |
| Expense Ratio | 0.29% |
The ETF tracks an index that overweights emerging market stocks with low historical volatility. By concentrating on low-volatility stocks, it aims to reduce the overall volatility of emerging market exposure, and it follows a rules-based strategy that pursues risk and return characteristics different from simple market-cap weighting.
- Selection of low-volatility emerging market stocks
- Reduced volatility of emerging market exposure
Size and Costs of the Invesco S&P Emerging Markets Low Volatility ETF (AUM and Management Fee)
Assets under management (AUM) stand at $385.7M, and the expense ratio is 0.29% per year.
The main point of comparison is its low-volatility selection approach to emerging markets, versus simple market-cap-weighted emerging market ETFs and other low-volatility ETFs.
Performance and Trends of the Invesco S&P Emerging Markets Low Volatility ETF
1-Year Price Performance
Dividend & Yield
52-Week Price RangeEmerging market stocks are sensitive to global risk appetite, the strength of the dollar, and economic conditions in each country. Low-volatility strategies tend to hold up relatively well in falling markets and lag somewhat in strong rallies. Given the nature of emerging markets, currency and policy variables also have an influence.
Fund flows into emerging market low-volatility products diverge depending on risk appetite, the volatility environment, and exchange rate trends. When interest in volatility management rises, money sometimes moves into this group of products. It is also worth noting that performance varies with each country's economy and currency factors.
Pros and Cons of the Invesco S&P Emerging Markets Low Volatility ETF
Its strength is reduced volatility of emerging market exposure, while relative underperformance in strong rallies, emerging market risk, and exchange rates are considerations.
💪 Key Strengths
⚠️ Points to Watch
Alternative ETFs and Related Products to the Invesco S&P Emerging Markets Low Volatility ETF
For broader emerging market exposure, direct substitutes include EEM and VWO, and for investing in emerging markets at a lower fee, products such as IEMG are also worth comparing. The three products shown in the table, EEMV, EFAV, and ACWV, follow minimum volatility strategies for emerging markets, developed markets, and the global market respectively, so they differ in investment region. This ETF's differentiator is its narrower selection focused on low-volatility emerging market stocks.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 EFAV | iShares MSCI EAFE Min Vol Factor ETF | $95.61 | +0.6% | $5.5B | 0.20% | 2.99% | +13.0% |
 EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | $72.18 | -0.7% | $3.5B | 0.25% | 2.25% | +9.8% |
 ACWV | iShares MSCI Global Min Vol Factor ETF | $128.91 | +0.6% | $3.4B | 0.20% | 1.83% | +8.8% |
 IDLV | Invesco S&P International Developed Low Volatility ETF | $35.53 | +0.7% | $329.9M | 0.25% | 4.9% | +7.0% |
 QLVD | Northern Trust DM ex-US Quality Low Vol | $34.62 | +0.7% | $53.2M | 0.12% | 2.98% | +12.0% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 FIVE | Five Below Inc | - | $245.50 | +4.7% | $13.5B | 22.0 | - |
| CHT | Chunghwa Telecom ADR | 0.02% | $48.55 | +0.8% | $37.7B | 29.7 | 3.4% |
 FFBC | First Financial Bancorp | 0.01% | $32.78 | +0.3% | $3.4B | 11.5 | 3.11% |
 NKSH | National Bankshares Inc | 0.01% | $40.95 | +0.1% | $260.9M | 12.2 | 3.74% |
| BAC | Bank Of America Corp | 0.01% | $51.14 | +0.6% | $354.0B | 12.2 | 2.35% |
 ENIC | Enel Chile SA ADR | 0.01% | $4.23 | -0.7% | $5.9B | 10.4 | 2.31% |
| BMO | Bank of Montreal | 0.01% | $175.88 | +1.2% | $122.2B | 19.8 | 2.77% |
Investor Checkpoints for the Invesco S&P Emerging Markets Low Volatility ETF
These are the points to review before investing in EELV. Reduced volatility is attractive, but relative underperformance in strong rallies, emerging market risk, and exchange rates should be checked in advance. It is also a good idea to compare it with broad emerging market and low-volatility products.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 📉 Low Volatility | Assess the degree of volatility reduction | Volatility reduced |
| 🌏 Emerging Market Risk | Review political, policy, and economic risks | Needs checking |
| 💱 Exchange Rate | Review emerging market currency exposure | No currency hedge |
| 💵 Expense Ratio | Check the fee level against emerging market ETFs | Needs checking |
Relative underperformance in strong rallies, emerging market political and policy risk, and currency fluctuations are the main variables for long-term performance, and even a low-volatility strategy cannot avoid losses in a market crash. Given the nature of emerging markets, risk does not disappear completely even when volatility is reduced.
It is a suitable candidate for investors who want emerging market exposure with lower volatility. If broad emerging market exposure is the priority, consider products such as EEM and VWO, and if you want low-volatility selection within emerging markets, it is advisable to compare this product alongside them before choosing.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 10, 2026.
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