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Launched · SEC filings

Invesco S&P 500 QVM Multi-factor ETF

QVMLNYSE ArcaInvescoA

$44.94−0.05 (−0.11%)

As of Nov 2, 2026, 3:59 PM ET

A72/ 100

Rank 17 of 99 in US Multifactor

A72/100Rank 17 of 99inUS Multifactor
Intraday session: down, 78 prints from 44.99 to 44.94. Range 44.82 to 45.44. Use the arrow keys to read each point.44.8045.1045.2045.3045.4010 AM12 PM2 PM4 PM
Expense ratio
0.11%
Fund size
$1.7B
1Y total return
+13.3%
Yield · Last 12 months
1.00%
Holdings
438
Avg volume · 30D
54.8K sh
52W range
low $37.24high $46.38
Launched
Filings
SEC EDGAR

The ETF.net QVML Grade

A

Score 72 out of 100

Category
US Multifactor⁠
Rank
17 of 99
Six-pillar profile for QVML. Scores out of 100: Cost 91, Risk 59, Mission 91, Tradability 47, Holdings 31, Durability 61. Strongest: Cost (91). Weakest: Holdings (31). Leans toward Cost and Mission.

Score 72 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 100
    Rank 9 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A91 out of 100
    Rank 24 of 87

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B59 out of 100
    Rank 37 of 99

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C47 out of 100
    Rank 48 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D31 out of 100
    Rank 89 of 98

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 40 of 99

Our read on QVML

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Jun 30, 2021

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$11,334
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. QVML $11,334. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for QVML. Periods over one year show the average yearly return.
PeriodQVML
Year to date+12.9%
1 month−0.3%
3 months+1.5%
1 year+13.3%
3 yearsper year+23.7%
5 yearsper year+12.3%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QVML
YearReturn barQVML
2026 YTD+12.9%
2025+17.7%
2024+25.9%
2023+22.2%
2022−16.3%
2021+12.6%

Since listing, Jun 30, 2021

QVML in the news

QVML Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.00%Last 12 months
Payout per share
$0.45Last 12 months
Last payment
$0.11 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2021–2026

One bar per payment. 21 payments from 2021 to 2026 YTD. Sep 20, 2021 $0.07; Dec 20, 2021 $0.10; Mar 21, 2022 $0.09; Jun 21, 2022 $0.10; Sep 19, 2022 $0.10; Dec 19, 2022 $0.10; Mar 20, 2023 $0.10; Jun 20, 2023 $0.10; Sep 18, 2023 $0.09; Dec 18, 2023 $0.10; Mar 18, 2024 $0.10; Jun 24, 2024 $0.09; Sep 23, 2024 $0.10; Dec 23, 2024 $0.11; Mar 24, 2025 $0.11; Jun 23, 2025 $0.10; Sep 22, 2025 $0.11; Dec 22, 2025 $0.11; Mar 23, 2026 $0.11; Jun 22, 2026 $0.11; Sep 21, 2026 $0.11. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.11
Jun 22, 2026Jun 26, 2026$0.11
Mar 23, 2026Mar 27, 2026$0.11
Dec 22, 2025Dec 26, 2025$0.11
Sep 22, 2025Sep 26, 2025$0.11
Jun 23, 2025Jun 27, 2025$0.10
Mar 24, 2025Mar 28, 2025$0.11
Dec 23, 2024Dec 27, 2024$0.11
Sep 23, 2024Sep 27, 2024$0.10
Jun 24, 2024Jun 28, 2024$0.09
Mar 18, 2024Mar 22, 2024$0.10
Dec 18, 2023Dec 22, 2023$0.10

See all 21 payments⁠

$10,000 in QVML 5 years ago paid $752 in dividends.⁠

QVML Risk

Risk pillarB59 out of 100Rank 37 of 99 in US Multifactor
How much the fund’s monthly returns vary, scaled to a year.
12.0%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.48
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−23.5%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.89
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

QVML Cost

Compare QVML and VYM

Overpaying vs VYM, tied cheapest in US Multifactor

$1,464

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QVML 0.11%

    $2,313

  • VYM 0.04% Tied cheapest

    $849

$10,000
30 years

Cost over time

  • QVML 0.11%
  • VYM 0.04%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530QVML $2,313VYM $849

Year by year

YearQVMLVYMOverpaying
10$201$73$128
20$788$288$500
30$2,313$849$1,464

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