QVMT vs VYM

QVMTBInvesco S&P 500 Concentrated QVM ETF

VYMAVanguard High Dividend Yield ETF

In short

QVMT Three factor bets in one ticker. QVMT screens the S&P 500 for quality, value and momentum together, then keeps only about 100 names, at a fee well under the typical multi-factor fund.

VYM The no-frills dividend workhorse. VYM buys the higher-yielding end of the US market, roughly 600 names, for four basis points: no quality screen, no dividend-growth-streak test, just yield, at scale since 2006.

Stated mandate

QVMT The fund seeks to track an index applying quality, value, and momentum factors to 100 stocks selected from the S&P 500.

VYM The Fund seeks to track a benchmark index measuring the investment return of common stocks from companies characterized by high dividend yields.

Why people hold it

• QVMT 0.13% a year, well below the typical multi-factor peer. The tilt doesn't start in a fee hole.
• Quality, value and momentum are screened in one rules-based index instead of stitched together from three separate funds.
• Roughly 100 stocks, all pulled from the S&P 500, so the factor tilts actually show up in the portfolio rather than washing out.
• Live since 2015 with a published index behind it and cash paid out quarterly.

• VYM Four basis points a year, against a peer-group median near 0.32%. Cheaper than cohort neighbors VONV (0.06%) and FNDX (0.25%).
• Running since 2006 and now a multi-billion-dollar fund that trades actively, so ordinary orders tend to fill at tight spreads.
• Simple mandate: track the FTSE High Dividend Yield Index of US common stocks screened on yield. No manager discretion, no options overlay, plain 1940-Act fund.vanguard.com
• Pays quarterly, and among 100-plus value and multifactor rivals it stands as one of the strongest overall packages in the group.

Worth knowing

• QVMT Thinly traded and small next to the giants in its group, so the spread you pay at the screen can matter more than the yearly fee.
• Concentration cuts both ways: about 100 names moves differently, and sometimes harder, than the full 500.
• Broad-market peers like VYM and IUSG charge less and hold more; this is the narrower, more opinionated build.

• VYM The screen is yield, not payout growth or dividend quality, so a company can qualify simply because its share price fell.
• This is a value slice by design, tilted to established payers, so it behaves differently from a total US market fund.
• Roughly 600 holdings, but weight leans toward the largest payers, so the top of the roster does more of the work than the count suggests.

Full QVMT profile⁠

Full VYM profile⁠