Invesco S&P SmallCap 600 QVM Multi-factor ETF
$32.66−0.15 (−0.47%)
- Expense ratio
- 0.15%
- Fund size
- $239M
- 1Y return
- +17.9%
- Yield · Last 12 months
- 1.27%
- Holdings
- 550
- Volume · 30D
- 0M sh
- NAV per share
- $32.65
- 52W range
The ETF.net QVMS Grade
Score 63 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.BScore 58Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 59Category 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 79Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 23Category rank
Our read on QVMS
BMost factor funds cut an index down to a concentrated bet. QVMS does the reverse: it tracks a version of the S&P SmallCap 600 that keeps the top 90% on quality, value and momentum and leaves the bottom-ranked tenth out.
The Fund normally invests at least 90% of its assets in common stocks included in the S&P SmallCap 600 Quality, Value & Momentum Top 90% Multi-factor Index.
Why people hold it
- Subtraction, not selection: roughly 500 small caps scored on quality, value and momentum, with the weakest decile screened out. Broad exposure, one bad-apple filter.invesco.com
- 0.15% a year sits below the median fee in its S&P SmallCap 600 peer group, which is lean for a rules-based factor build.
- Does what the prospectus says: at least 90% of assets in its stated index's stocks, and it has tracked that index very closely.invesco.com
- A plain-vanilla wrapper around the tilt: US-only common stocks, quarterly distributions, no derivatives or leverage in the mandate.
Worth knowing
- Cutting only the bottom tenth means the portfolio still looks much like the plain S&P SmallCap 600. The factor tilt is mild by design.
- It trades thinly next to the category's giants, so bid-ask spreads can matter more to a round trip than the headline fee does.
- Launched in 2021 and far smaller than index-only rivals SPSM and IJR, which also charge less for straight S&P 600 beta.
QVMS Holdings
- Stocks
- 550
- 6%
- VSAT
Sectors
- Financials18.1%
- Industrials15.6%
- Technology14.7%
- Consumer Discr.13.9%
- Health Care10.6%
- Real Estate7.7%
- Energy5.9%
- Materials5.1%
- Cons. Staples3.9%
- Communication2.5%
- Utilities2.0%
Geography
- United States97.59%
- Ireland0.72%
- Bermuda0.63%
- Singapore0.28%
- Switzerland0.21%
- Israel0.20%
- Bahamas0.15%
- Puerto Rico0.15%
- 0.07%
QVMS 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 | QVMS |
|---|---|
| Year to date | +17.4% |
| 1 month | −4.7% |
| 3 months | −2.8% |
| 1 year | +17.9% |
| 3 years | +16.4% |
| 5 years | +7.9% |
| 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 | QVMS |
|---|---|---|
| 2026 YTD | +17.4% | |
| 2025 | +5.6% | |
| 2024 | +9.5% | |
| 2023 | +16.9% | |
| 2022 | −14.6% | |
| 2021 | +4.5% |
QVMS in the news
ETF.net Research hasn’t filed on QVMS yet — coverage lands here as it’s written.
QVMS Dividends
- 1.27%
- $0.42
- $0.13 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.13 |
| Jun 22, 2026 | Jun 26, 2026 | $0.09 |
| Mar 23, 2026 | Mar 27, 2026 | $0.11 |
| Dec 22, 2025 | Dec 26, 2025 | $0.09 |
| Sep 22, 2025 | Sep 26, 2025 | $0.10 |
| Jun 23, 2025 | Jun 27, 2025 | $0.07 |
| Mar 24, 2025 | Mar 28, 2025 | $0.05 |
| Dec 23, 2024 | Dec 27, 2024 | $0.15 |
| 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 | $0.09 |
QVMS Risk
- 19.2%
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.
- 0.58
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.
- −28.0%
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.
- 1.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QVMS Cost
- The middle half of S&P SmallCap 600 funds
- Median 0.15%
4 of the 13 S&P SmallCap 600 funds charge less.