Invesco S&P MidCap 400 QVM Multi-factor ETF
$34.10−0.12 (−0.36%)
- Expense ratio
- 0.15%
- Fund size
- $416M
- 1Y return
- +13.5%
- Yield · Last 12 months
- 1.27%
- Holdings
- 361
- Volume · 30D
- 0M sh
- NAV per share
- $34.09
- 52W range
The ETF.net QVMM Grade
Score 57 of 100 sits in the B 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 83Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 37Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 19Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 77Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 48Category rank
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
- 361
- 10%
- P
Sectors
- Industrials21.6%
- Technology16.0%
- Financials15.1%
- Consumer Discr.9.7%
- Health Care9.0%
- Real Estate8.0%
- Materials7.3%
- Energy6.6%
- Cons. Staples3.3%
- Utilities2.6%
- Communication0.8%
Geography
- United States96.52%
- United Kingdom1.39%
- Bermuda0.82%
- Cayman Islands0.51%
- Ireland0.49%
- Sweden0.27%
QVMM 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 | QVMM |
|---|---|
| Year to date | +12.0% |
| 1 month | −4.3% |
| 3 months | −3.7% |
| 1 year | +13.5% |
| 3 years | +15.6% |
| 5 years | +8.3% |
| 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 | +12.0% | |
| 2025 | +8.8% | |
| 2024 | +13.3% | |
| 2023 | +15.4% | |
| 2022 | −13.0% | |
| 2021 | +6.0% |
QVMM in the news
ETF.net Research hasn’t filed on QVMM yet — coverage lands here as it’s written.
QVMM Dividends
- 1.27%
- $0.43
- $0.12 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.12 |
| Jun 22, 2026 | Jun 26, 2026 | $0.10 |
| Mar 23, 2026 | Mar 27, 2026 | $0.11 |
| Dec 22, 2025 | Dec 26, 2025 | $0.11 |
| Sep 22, 2025 | Sep 26, 2025 | $0.10 |
| Jun 23, 2025 | Jun 27, 2025 | $0.10 |
| Mar 24, 2025 | Mar 28, 2025 | $0.10 |
| Dec 23, 2024 | Dec 27, 2024 | $0.10 |
| Sep 23, 2024 | Sep 27, 2024 | $0.10 |
| Jun 24, 2024 | Jun 28, 2024 | $0.08 |
| Mar 18, 2024 | Mar 22, 2024 | $0.09 |
| Dec 18, 2023 | Dec 22, 2023 | $0.08 |
QVMM Risk
- 15.7%
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.
- 0.65
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.
- 1.00
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
- The middle half of US Multifactor funds
- Median 0.30%
12 of the 98 US Multifactor funds charge less.