Invesco S&P MidCap 400 QVM Multi-factor ETF
$34.06+0.05 (+0.15%)
- 0.15%
- $416M
- +17.4%
- 1.28%
- 0M sh
- $34.10
- low $29.00high $36.71
The ETF.net QVMM Grade
B
Score 57 out of 100
- 46 of 99
Score 57 of 100 falls in the B 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.A84 out of 100Rank 12 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D34 out of 100Rank 71 of 97Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F18 out of 100Rank 96 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A79 out of 100Rank 15 of 98Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C47 out of 100Rank 59 of 99
Our read on QVMM
BMost factor funds cut deep and hold a concentrated few. QVMM trims instead: it starts with the S&P MidCap 400 and keeps the names ranking best on quality, value and momentum, for 0.15% a year.
The fund seeks to track the performance of a subset of securities from the S&P MidCap 400 Index selected for quality, value, and momentum characteristics.
Why people hold it
- Charges 0.15% a year, less than half the typical multi-factor fund's fee.
- Three screens at once (quality, value, momentum) across roughly 400 mid-cap names, so no single factor's cold stretch drives the whole portfolio.
- Every candidate comes from the S&P MidCap 400, so there's no quiet drift up into the mega-caps a core large-cap fund already owns. Distributions land quarterly.
- Stands in the upper half of a crowded multi-factor field, with low cost and broad holdings doing most of the work.
Worth knowing
- Thinly traded and mid-sized in assets, so spreads can run wider than at category giants like VYM or VONV. Order size and timing matter more here.
- Launched in 2021, a shorter history than the decades-old names it sits beside in the multi-factor aisle.
- Keeping most of the mid-cap index means the fund moves with that segment. The factor tilt is a nudge, not a sharp break from mid-cap risk.
QVMM Holdings
- Stocks
- 360
- 8%
- OKTA
Sectors
- Industrials23.5%
- Technology16.9%
- Financials14.3%
- Consumer Discretionary10.2%
- Health Care9.6%
- Real Estate7.9%
- Energy5.7%
- Materials5.1%
- Consumer Staples3.4%
- Utilities2.6%
- Communication0.8%
Geography
- United States96.21%
- United Kingdom1.69%
- Bermuda0.83%
- Cayman Islands0.56%
- Ireland0.46%
- Sweden0.25%
QVMM 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.
QVMM$11,741
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 | QVMM |
|---|---|
| Year to date | +11.6% |
| 1 month | −1.6% |
| 3 months | −3.4% |
| 1 year | +17.4% |
| 3 years | +16.0% |
| 5 years | +8.0% |
| 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 | QVMM |
|---|---|---|
| 2026 YTD | +11.6% | |
| 2025 | +8.8% | |
| 2024 | +13.3% | |
| 2023 | +15.4% | |
| 2022 | −13.0% | |
| 2021 | +6.0% |
QVMM in the news
QVMM Dividends
- 1.28%
- $0.43
- $0.12 per share
- Quarterly
Distribution history
QVMM Risk
- 15.6%
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.
- 0.67
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.
- −24.0%
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.
- 1.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QVMM Cost
0.15%
QVMM0.15%
- The middle half of US Multifactor funds
- Median 0.30%
11 of the 99 US Multifactor funds charge less.
Other funds in US Multifactor
- BQVMTInvesco S&P 500 Concentrated QVM ETFExpense ratio 0.13%1 year return —
- BFLQMFranklin U.S. Mid Cap Multifactor Index ETFExpense ratio 0.30%1 year return +9.1%
- BFYXFirst Trust Small Cap Core AlphaDEX FundExpense ratio 0.58%1 year return +30.3%
- BQGRWWisdomTree U.S. Quality Growth FundExpense ratio 0.28%1 year return +24.9%
- BAUSFGlobal X - Adaptive U.S. Factor ETFExpense ratio 0.27%1 year return +13.0%