Invesco S&P International Developed Low Volatility ETF IDLV cuts back on volatility and typically provides some downside protection. But it doesn't control its exposure to other sources of risk that can creep into the picture and disrupt an otherwise predictable performance pattern. After a closer review of these risks, we are downgrading its Process Pillar to Average from Above Average, which moves its Morningstar Analyst Rating to Neutral from Silver.
Will IDLV outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IDLV’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the IDLV management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of IDLV’s parent organization’s priorities and whether they’re in line with investors’ interests.