The PowerShares S&P 500 Low Volatility ETF (SPLV) - Get Report is up 3.4 percent thus far in 2016, outperforming the good old S&P 500 index by two full percentage points. Janet Brown, portfolio manager of the FundX Conservative Upgrader Fund (RELAX) - Get Report , said after the wild ride in the first quarter it is no surprise that investors are seeking out a more subdued class of stocks. 'Given the high volatility and lackluster performance of stocks over the past year, perhaps it's not surprising that investors have flocked to less risky companies,' said Brown. 'SPLV invests in the S&P 500 stocks that have been least volatile for the trailing 12 months, and SPLV has done better than the S&P 500 for most of this year.' The FundX Conservative Upgrader Fund is down 50 basis points thus far in 2016, according to Morningstar. The $54 million fund has returned an average of 4.9 percent annually over the past three years, outpacing 96 percent of its Morningstar category peers. The FundX Conservative Upgrader Fund sports a trailing 12 month yield of 1.5 percent, according to Morningstar. Brown also recommends holding the iShares Select Dividend ETF (DVY) - Get Report , up 9.6 percent year-to-date.