Invesco S&P Mid Cap Low Volatility ETF XMLV offers unbridled exposure to the S&P Mid Cap 400 Index’s least-volatile stocks. Its unconstrained construction breeds pronounced sector tilts that threaten to compromise its low-risk objective. These risks warrant a downgrade to a Morningstar Analyst Rating of Neutral from Silver.
Invesco S&P MidCap Low Volatility ETF XMLV
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will XMLV outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable XMLV’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the XMLV management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of XMLV’s parent organization’s priorities and whether they’re in line with investors’ interests.
This fund’s lack of constraints create significant uncertainty
