Invesco S&P 500 QVM Multi-factor ETF
$45.40−0.41 (−0.90%)
- Expense ratio
- 0.11%
- Fund size
- $1.7B
- 1Y return
- +17.8%
- Yield · Last 12 months
- 0.98%
- Holdings
- 443
- Volume · 30D
- 0M sh
- NAV per share
- $45.74
- 52W range
The ETF.net QVML Grade
Score 72 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 91Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 92Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 64Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 44Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 29Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 62Category rank
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
- 443
- 46%
- NVDA
Sectors
- Technology41.5%
- Financials12.7%
- Communication9.7%
- Health Care8.6%
- Industrials7.2%
- Consumer Discr.7.1%
- Cons. Staples4.1%
- Energy3.5%
- Utilities2.0%
- Materials2.0%
- Real Estate1.5%
Geography
- United States97.89%
- Ireland1.19%
- United Kingdom0.41%
- Switzerland0.31%
- Netherlands0.10%
- Bermuda0.07%
- Canada0.02%
QVML Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +14.9% |
| 1 month | +1.4% |
| 3 months | +4.2% |
| 1 year | +17.8% |
| 3 years | +23.5% |
| 5 years | +13.9% |
| 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 | +14.9% | |
| 2025 | +17.7% | |
| 2024 | +25.9% | |
| 2023 | +22.2% | |
| 2022 | −16.3% | |
| 2021 | +12.6% |
QVML in the news
ETF.net Research hasn’t filed on QVML yet — coverage lands here as it’s written.
QVML Dividends
- 0.98%
- $0.45
- $0.11 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.11 |
| Jun 22, 2026 | Jun 26, 2026 | $0.11 |
| Mar 23, 2026 | Mar 27, 2026 | $0.11 |
| Dec 22, 2025 | Dec 26, 2025 | $0.11 |
| Sep 22, 2025 | Sep 26, 2025 | $0.11 |
| Jun 23, 2025 | Jun 27, 2025 | $0.10 |
| Mar 24, 2025 | Mar 28, 2025 | $0.11 |
| Dec 23, 2024 | Dec 27, 2024 | $0.11 |
| Sep 23, 2024 | Sep 27, 2024 | $0.10 |
| Jun 24, 2024 | Jun 28, 2024 | $0.09 |
| Mar 18, 2024 | Mar 22, 2024 | $0.10 |
| Dec 18, 2023 | Dec 22, 2023 | $0.10 |
QVML Risk
- 12.7%
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.
- 1.24
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
- The middle half of US Multifactor funds
- Median 0.30%
8 of the 98 US Multifactor funds charge less.