At a glance
IDLV charges 0.25% a year, below the 0.32% average of the 4 funds most like it (the 2nd cheapest of 5). It has $344.9M in assets, the 4th largest of that group; it paid 4.91% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +10.4% with distributions reinvested (S&P 500: +11.5%), 4th of those 5 funds; over three years it returned +16.4% a year. At its worst it fell 34.5% in the 2020 crash (S&P 500: 33.7%) and 22.2% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 53 months and 22 months after the lows. Its ten largest positions make up 7.3% of the fund, out of 200 in all.
The short version
Invesco S&P International Developed Low Volatility ETF (IDLV) tracks an index of the 200 least volatile large and mid-size stocks in developed markets outside the US. Its largest positions are steady businesses such as Hong Kong utility CLP Holdings and Singapore's big banks. It costs 0.25% a year, below the 0.32% average of similar funds, and its trailing yield was 4.91% as of October 27, 2026.
Price history
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IDLV +10.4% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| IDLV official prospectus, to Dec 31, 2025 | — | +27.64% | — | +6.52% | +5.66% | — |
| IDLV price data to Oct 27, 2026 | +7.9% | +10.4% | +16.4% | +6.6% | +5.9% | +6.1% |
- Over the year to Oct 27, 2026, IDLV returned +10.4%, 4th of 5 among similar funds.
- Its 5-year annualized return was +6.6% and its 10-year +5.9%.
- In the 2020 COVID crash it fell 34.5% and regained its old high 53 months after the low.
- Its worst full calendar year was 2022 (-12.2%); its best was 2025 (+27.8%).
- The deepest fall in its price history was 34.6% (Feb 12, 2020 to Mar 23, 2020), recovered by Aug 23, 2024.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +7.9% | — |
| 2025 | +27.8% | +27.64% |
| 2024 | +2.1% | +2.15% |
| 2023 | +9.2% | +9.20% |
| 2022 | -12.2% | -12.07% |
| 2021 | +9.7% | +9.57% |
| 2020 | -9.8% | -9.49% |
| 2019 | +20.1% | +20.50% |
| 2018 | -8.0% | -7.91% |
| 2017 | +22.0% | +21.90% |
| 2016 | +3.4% | +3.30% |
| 2015 | -4.0% | — |
| 2014 | +1.3% | — |
| 2013 | +15.1% | — |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 34.5% over that stretch · deepest drop along the way 34.5%, back to its old high 53 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 21.6% over that stretch · deepest drop along the way 22.2%, back to its old high 22.1 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.1000 | |
| 2025 | $1.5700 | +65.3% |
| 2024 | $0.9500 | -5.9% |
| 2023 | $1.0100 | -20.5% |
| 2022 | $1.2700 | +33.7% |
| 2021 | $0.9500 | +37.7% |
| 2020 | $0.6900 | -58.9% |
| 2019 | $1.6800 | +42.4% |
| 2018 | $1.1800 | +15.7% |
| 2017 | $1.0200 | -8.1% |
| 2016 | $1.1100 | -0.9% |
| 2015 | $1.1200 | +10.9% |
| 2014 | $1.0100 | +29.5% |
| 2013 | $0.7800 |
What's inside
As of Jul 31, 2026, the fund held 200 securities; the ten largest made up 7.29% of assets. It also reported 12.24% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.
| Holding | Weight | |
|---|---|---|
| CLP Holdings Ltd. | 0.86% | |
| United Overseas Bank Ltd. | 0.77% | |
| Oversea-Chinese Banking Corp. Ltd. | 0.77% | |
| HK Electric Investments and HK Electric Investments Ltd. | 0.77% | |
| DBS Group Holdings Ltd. | 0.73% | |
| Mapletree Industrial Trust | 0.69% | |
| Hydro One Ltd. | 0.68% | |
| Daiwa House REIT Investment Corp. | 0.68% | |
| KDX Realty Investment Corp. | 0.67% | |
| ORIX JREIT Inc. | 0.67% | |
| Fortis Inc. | 0.66% | |
| Emera Inc. | 0.66% | |
| Royal Bank of Canada | 0.66% | |
| HKT Trust and HKT Ltd. | 0.64% | |
| Telstra Group Ltd. | 0.64% |
By country
Japan 23.8%Canada 13.39%Australia 8.95%Singapore 8.36%Sweden 6.46%By asset type
Stocks 99%Preferred stock 0.5%What changed recently
- Over the three months to Jul 31, 2026, investors withdrew a net $33.4M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -1.32%, +0.12%, +4.51%.
How it works
The fund follows the S&P BMI International Developed Low Volatility Index, built by S&P Dow Jones Indices. The starting pool is the S&P World ex-U.S. Index, which covers large and mid-size companies in developed markets except the US and South Korea. S&P measures how much each stock's price swung up and down over the past year of trading days. This is its "volatility." The index keeps the 200 calmest stocks. As of December 31, 2025, those 200 stocks came from 20 countries, with company values from $2.96 billion to $292.6 billion.
The weighting is unusual. Most indexes give the biggest weights to the biggest companies. This one gives the biggest weights to the least volatile stocks. That spreads money widely. As of July 31, 2026, the 10 largest positions made up just 7.29% of assets, led by CLP Holdings at 0.86%. Stocks move in and out as their volatility changes, so portfolio turnover was 70% in the latest prospectus year.
Invesco uses "full replication": it generally buys every stock in the index in the same proportions, and it keeps at least 90% of assets in index securities. It doesn't try to beat the index. It leans toward a country or industry only when the index does. For example, Japan was 23.8% of the fund as of July 31, 2026. The fund held no derivatives as of that date.
What it really costs
- IDLV charges 0.25% a year, versus an average of 0.32% for the similar funds below (2nd of 5, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $26 in the first year and $318 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| IDLV | $26 | $80 | $141 | $318 |
In a retirement portfolio
IDLV adds foreign developed-market stocks chosen for steadier prices, but its past drawdowns show it is not a crash shelter.
IDLV moved much less than the broad market in the year to October 27, 2026, with a beta of 0.39. Beta measures how closely a fund follows market swings. Calmer stocks still fell hard, though. The fund launched in 2012, so it has no 2008 record. In the 2020 COVID crash it fell 34.5%, its deepest drop, and took about 53 months to recover, until August 2024. In 2022 it fell about 22% from peak to low. It lost 12.07% that calendar year, its worst on record. Anyone who had to sell shares in those stretches would have locked in losses. Income helps: the trailing yield was 4.91% as of October 27, 2026, paid quarterly. The fund costs 0.25% a year, or $318 over 10 years on $10,000 in the SEC's standard example. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want developed-market stocks outside the US with smaller price swings, spread across 200 names, none above 0.9% as of July 31, 2026.
- Income-focused holders comfortable with quarterly payouts that vary; the trailing yield was 4.91% as of October 27, 2026.
- Cost-conscious investors: 0.25% a year, below the 0.32% average of similar low-volatility funds.
Look elsewhere if
- Investors who need protection in sharp crashes: it fell 34.6% in early 2020 and took about 53 months to recover.
- Investors seeking growth: its largest holdings are utilities, banks and property trusts, and its 3-year return trailed all three similar funds compared.
- Investors avoiding currency risk or heavy Asia exposure: Japan was 23.8% and Singapore 8.36% of assets, and a stronger dollar lowers returns.
Close alternatives
Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| IDLV this fund | — | 0.25% | $344.9M | +10.4% | +16.4% |
| LVHI Franklin International Low Volatility High … | 28% | 0.4% | $5.00B | +27.0% | +24.7% |
| QLVD FlexShares Developed Markets ex-US Quality … | 28% | 0.12% | $54.8M | +13.5% | +17.4% |
| ILOW AB International Low Volatility Equity ETF | 12% | 0.5% | $1.87B | +9.7% | — |
| GLOV Activebeta World Low Vol Plus Equity ETF | 5% | 0.25% | $1.80B | +17.4% | +17.0% |
Questions investors ask
Is IDLV good for retirement?
It depends on the role it plays. IDLV offers 200 calmer foreign stocks and quarterly income, with a trailing yield of 4.91% as of October 27, 2026. Its average annual return was 5.66% over the 10 years to December 31, 2025. But it isn't crash-proof. It fell 34.6% in early 2020 and took about 53 months to recover. It may suit investors who want steadier international exposure, judged alongside the rest of their portfolio.
Does IDLV pay monthly dividends?
No. IDLV pays dividends quarterly. Over the 12 months to October 27, 2026, it paid $1.74 per share, a trailing yield of 4.91%. The payouts come from dividends on its foreign holdings, such as Canadian utilities Fortis and Emera and Singapore's large banks. The amount can change from quarter to quarter, including when foreign currencies rise or fall against the US dollar.
What's the difference between IDLV and QLVD?
Both hold low-volatility stocks from developed markets outside the US, and about 28% of their holdings overlap. IDLV picks the 200 least volatile stocks and gives the calmest ones the biggest weights. FlexShares' QLVD also adds a quality angle, as its name suggests. QLVD costs 0.12% a year versus 0.25% for IDLV. But QLVD is much smaller, with about $54.8 million in assets versus IDLV's $344.9 million as of July 31, 2026. Over the 3 years to October 27, 2026, QLVD returned 17.4% a year and IDLV 16.4%.
What is IDLV's expense ratio?
IDLV's expense ratio is 0.25% a year, all of it management fee, according to the prospectus filed February 26, 2026. That is below the 0.32% average of similar low-volatility funds and second-lowest of the five funds compared. In the SEC's standard example, $10,000 earning 5% a year would cost about $26 after one year, $141 after five years and $318 after ten. QLVD costs less at 0.12%, while LVHI and ILOW cost more.
What are IDLV's top holdings?
As of July 31, 2026, IDLV's largest holding was Hong Kong utility CLP Holdings at 0.86%. Next came three Singapore banks, United Overseas Bank, Oversea-Chinese Banking Corp. and DBS, each about 0.7% to 0.8%, plus HK Electric Investments. No single stock is large: the top 10 made up 7.29% of assets. By country, Japan led at 23.8%, followed by Canada at 13.4% and Australia at 9.0%.