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Launched · SEC filings

Invesco S&P MidCap 400 QVM Multi-factor ETF

QVMMNYSE ArcaInvescoB

$34.83+0.55 (+1.60%)

As of Nov 2, 2026, 2:09 PM ET

B57/ 100

Rank 44 of 99 in US Multifactor

B57/100Rank 44 of 99inUS Multifactor
Intraday session: up, 51 prints from 34.28 to 34.83. Range 34.28 to 34.85. Use the arrow keys to read each point.34.4034.5034.6034.7010 AM12 PM2 PM4 PM
Expense ratio
0.15%
Fund size
$419M
1Y total return
+14.4%
Yield · Last 12 months
1.28%
Holdings
360
Avg volume · 30D
2.82K sh
52W range
low $29.00high $36.71
Launched
Filings
SEC EDGAR

The ETF.net QVMM Grade

Based on 5 of 6 pillars

B

Score 57 out of 100

Category
US Multifactor⁠
Rank
44 of 99
Six-pillar profile for QVMM. Scores out of 100: Cost 83, Risk 34, Mission not scored, Tradability 20, Holdings 79, Durability 47. Strongest: Cost (83). Weakest: Tradability (20). Based on 5 of 6 pillars.

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.
    A83 out of 100
    Rank 13 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D34 out of 100
    Rank 73 of 99

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F20 out of 100
    Rank 96 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A79 out of 100
    Rank 16 of 98

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 60 of 99

Our read on QVMM

ETF.net Research

In short

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.

Stated mandate

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 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.
QVMM$11,436
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. QVMM $11,436. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 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 QVMM. Periods over one year show the average yearly return.
PeriodQVMM
Year to date+11.6%
1 month+1.6%
3 months−3.4%
1 year+14.4%
3 yearsper year+17.4%
5 yearsper year+7.2%
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 QVMM
YearReturn barQVMM
2026 YTD+11.6%
2025+8.8%
2024+13.3%
2023+15.4%
2022−13.0%
2021+6.0%

Since listing, Jun 30, 2021

QVMM in the news

QVMM 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.
1.28%Last 12 months
Payout per share
$0.43Last 12 months
Last payment
$0.12 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 $0.09; Mar 21, 2022 $0.08; Jun 21, 2022 $0.09; Sep 19, 2022 $0.10; Dec 19, 2022 $0.07; Mar 20, 2023 $0.10; Jun 20, 2023 $0.09; Sep 18, 2023 $0.09; Dec 18, 2023 $0.08; Mar 18, 2024 $0.09; Jun 24, 2024 $0.08; Sep 23, 2024 $0.10; Dec 23, 2024 $0.10; Mar 24, 2025 $0.10; Jun 23, 2025 $0.10; Sep 22, 2025 $0.10; Dec 22, 2025 $0.11; Mar 23, 2026 $0.11; Jun 22, 2026 $0.10; Sep 21, 2026 $0.12. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.12
Jun 22, 2026Jun 26, 2026$0.10
Mar 23, 2026Mar 27, 2026$0.11
Dec 22, 2025Dec 26, 2025$0.11
Sep 22, 2025Sep 26, 2025$0.10
Jun 23, 2025Jun 27, 2025$0.10
Mar 24, 2025Mar 28, 2025$0.10
Dec 23, 2024Dec 27, 2024$0.10
Sep 23, 2024Sep 27, 2024$0.10
Jun 24, 2024Jun 28, 2024$0.08
Mar 18, 2024Mar 22, 2024$0.09
Dec 18, 2023Dec 22, 2023$0.08

See all 21 payments⁠

$10,000 in QVMM 5 years ago paid $705 in dividends.⁠

QVMM Risk

Risk pillarD34 out of 100Rank 73 of 99 in US Multifactor
How much the fund’s monthly returns vary, scaled to a year.
15.1%
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.
0.85
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.
−24.0%
Trough Apr 2025
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.
1.01
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.

QVMM Cost

Compare QVMM and VYM

Overpaying vs VYM, tied cheapest in US Multifactor

$2,288

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

  • QVMM 0.15%

    $3,137

  • VYM 0.04% Tied cheapest

    $849

$10,000
30 years

Cost over time

  • QVMM 0.15%
  • VYM 0.04%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530QVMM $3,137VYM $849

Year by year

YearQVMMVYMOverpaying
10$274$73$201
20$1,071$288$783
30$3,137$849$2,288

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