Low volatility ETFs have outperformed the market in this summer swoon. Here's what to know

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Funds designed to lower the volatility of a portfolio have found success in recent weeks, which included some of Wall Street's biggest swings since 2022.

The big swings for the stock market last week were a chance to shine for funds pitched as a way to lower a portfolio's volatility, but there are several considerations for investors to know before jumping in. To start, the major funds that are marketed as "low volatility" or "minimum volatility" have been living up to the label. Many have held up better in recent weeks than the SPDR S & P 500 ETF Trust , which is down 2.

has a management fee of 0.15%. Some other funds have a more defensive tilt, with higher exposure to areas including utilities stocks. To be sure, these type of funds do tend to underperform when the market rallies. Hum said the goal of the is to deliver a risk-adjusted return that meets or exceeds the market's over the long-term. Structured products Another group of ETFs that investors might turn to during volatile periods are income funds — ones that use options such as call writing to generate yield have been especially popular in recent years.

mountain JEPI is outperforming the S & P 500 over the past month. However, the call writing could hurt the long-term performance of the fund versus the broader market, especially when sharp rebounds occur. "The problem is when you're selling after a market drop with high volatility, yes theoretically on a percentage basis your premium is higher, but you're also locking in selling upside at a lower level," said Yang Tang, CEO of Arch Indices.

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