Invesco S&P 500 QVM Multi-factor ETF
$46.04+0.03 (+0.07%)
- 0.11%
- $1.7B
- +20.7%
- 0.97%
- 0.1M sh
- $46.04
- low $37.24high $46.38
The ETF.net QVML Grade
A
Score 73 out of 100
- 17 of 99
Score 73 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A91 out of 100Rank 9 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.A91 out of 100Rank 26 of 86Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B69 out of 100Rank 18 of 97Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C45 out of 100Rank 51 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D31 out of 100Rank 87 of 98Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 38 of 99
Our read on QVML
AMost multifactor funds tear the S&P 500 down and rebuild it. QVML just shaves off the bottom: it holds roughly 400 of the names, screened for quality, value and momentum, and charges 0.11% to do it.
The fund seeks exposure to a subset of S&P 500 securities selected for quality, value, and momentum characteristics through the S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index.
Why people hold it
- 0.11% expense ratio, a fraction of what the typical multifactor large-cap fund charges.
- The "Top 90%" index drops the weakest slice rather than rebuilding the market from scratch, leaving roughly 400 large caps on familiar S&P 500 ground.invesco.com
- Three tilts in one ticker: quality, value and momentum, applied inside a single S&P 500 universe. No separate factor sleeves to juggle.invesco.com
- An Invesco fund running since 2021, now in the multi-billion-dollar range, with quarterly distributions.
Worth knowing
- Thinly traded next to the household-name index funds. Spreads are worth a look, and limit orders do more work here.
- Cutting only the bottom tenth keeps the portfolio close to the parent index. The factor tilt is deliberately mild, not a sharp break from the S&P 500.
- Plain single-style peers go cheaper (VYM at 0.04%, VONV at 0.06%), so the fee buys the multi-factor screen, not the beta.
QVML Holdings
- Stocks
- 438
- 42%
- NVDA
Sectors
- Technology42.7%
- Financials12.4%
- Health Care9.5%
- Industrials7.7%
- Communication7.2%
- Consumer Discretionary7.0%
- Consumer Staples4.5%
- Energy3.6%
- Utilities2.0%
- Materials1.9%
- Real Estate1.7%
Geography
- United States97.41%
- Ireland1.33%
- United Kingdom0.44%
- Switzerland0.33%
- Singapore0.29%
- Netherlands0.12%
- Bermuda0.05%
- Canada0.03%
QVML Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
QVML$12,066
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | QVML |
|---|---|
| Year to date | +15.4% |
| 1 month | +1.6% |
| 3 months | +3.2% |
| 1 year | +20.7% |
| 3 years | +23.3% |
| 5 years | +14.1% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QVML |
|---|---|---|
| 2026 YTD | +15.4% | |
| 2025 | +17.7% | |
| 2024 | +25.9% | |
| 2023 | +22.2% | |
| 2022 | −16.3% | |
| 2021 | +12.6% |
QVML in the news
QVML Dividends
- 0.97%
- $0.45
- $0.11 per share
- Quarterly
Distribution history
QVML Risk
- 12.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.43
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −23.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.89
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QVML Cost
0.11%
QVML0.11%
- The middle half of US Multifactor funds
- Median 0.30%
8 of the 99 US Multifactor funds charge less.
Other funds in US Multifactor
- AFSMDFidelity Small-Mid Multifactor ETFExpense ratio 0.15%1 year return +19.4%
- ASMLFiShares U.S. Small-Cap Equity Factor ETFExpense ratio 0.15%1 year return +19.5%
- AONEOState Street SPDR Russell 1000 Momentum Focus ETFExpense ratio 0.20%1 year return +23.0%
- ATILTNorthern Trust Morningstar US Market Factor Tilt ETFExpense ratio 0.26%1 year return +20.6%
- ADEUSXtrackers Russell US Multifactor ETFExpense ratio 0.17%1 year return +16.5%