The Best Multi-factor ETFs

The table below compares the performance and other essential indicators like dividend yield and expense ratio of Multi-factor ETFs.

Multi-factor ETFs are exchange-traded funds that incorporate multiple investment factors or strategies to construct portfolios. These factors, which are quantitative characteristics of stocks, can include value, growth, momentum, quality, low volatility, and size, among others. Multi-factor ETFs employ a systematic, rules-based approach to select and weigh their holdings. By balancing exposure to different factors, these ETFs seek to benefit from the unique strengths of each factor and reduce the impact of any single factor's underperformance.

Number of ETFs: 16
Avg. Expense Ratio: 0.33%
Avg. Dividend Yield: 1.45%
Avg. 1 Year Return: 24.34%
Median Risk/Return Score: 61 / 100

16 results

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield	Risk / Return Rank
AAVM	Alpha Architect Global Factor Equity ETF	Multi-factor	May 2, 2017	0.45%	13.73%	—	1.80%	59
AUSF	Global X Adaptive U.S. Factor ETF	Mid Cap Value Equities, Multi-factor	Aug 24, 2018	0.27%	7.43%	—	2.74%	46
DEUS	Xtrackers Russell US Multifactor ETF	Mid Cap Blend Equities, Multi-factor	Nov 24, 2015	0.17%	12.72%	11.40%	1.41%	61
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equi...	Foreign Large Cap Equities, Multi-factor	Aug 31, 2017	0.39%	9.12%	—	2.81%	46
MFEM	PIMCO RAFI Dynamic Multi-Factor Emerging Markets E...	Emerging Markets Equities, Multi-factor	Aug 31, 2017	0.49%	21.37%	—	2.29%	61
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	Large Cap Growth Equities, Multi-factor	Aug 31, 2017	0.30%	18.70%	—	1.33%	89
PALC	Pacer Lunt Large Cap Multi-Factor Alternator ETF	Large Cap Growth Equities, Multi-factor	Jun 24, 2020	0.60%	13.04%	—	1.04%	55
PAMC	Pacer Lunt MidCap Multi-Factor Alternator ETF	Mid Cap Growth Equities, Multi-factor	Jun 24, 2020	0.60%	18.38%	—	1.10%	54
PSC	Principal U.S. Small Cap Multi-Factor ETF	Small Cap Blend Equities, Multi-factor	Sep 21, 2016	0.38%	20.41%	—	0.55%	63
QVML	Invesco S&P 500 QVM Multi-factor ETF	Multi-factor, S&P 500	Jun 30, 2021	0.11%	9.47%	—	1.02%	64
QVMM	Invesco S&P MidCap 400 QVM Multi-factor ETF	Multi-factor	Jun 30, 2021	0.15%	16.66%	—	1.14%	64
QVMS	Invesco S&P SmallCap 600 QVM Multi-factor ETF	Multi-factor	Jun 30, 2021	0.15%	23.85%	—	1.14%	79
SPGP	Invesco S&P 500 GARP ETF	Multi-factor, S&P 500	Jun 16, 2011	0.36%	8.11%	15.25%	0.82%	31
USMF	WisdomTree US Multifactor Fund	Mid Cap Blend Equities, Multi-factor	Jun 29, 2017	0.28%	5.56%	—	1.30%	21
VFMF	Vanguard U.S. Multifactor ETF	Multi-factor	Feb 13, 2018	0.18%	18.84%	—	1.38%	91
VSMV	VictoryShares US Multi-Factor Minimum Volatility E...	Volatility Hedged Equity, Multi-factor	Jun 22, 2017	0.35%	8.27%	—	1.36%	89

Best Multi-factor ETFs by Risk/Return Score

The top Multi-factor ETFs by PortfoliosLab Risk/Return Score are VFMF (91) and MFUS (89). The score measures risk-adjusted performance over the past year, accounting for volatility, drawdown, and return consistency.

Symbol	Name	Risk / Return Rank	AUM	Inception
VFMF	Vanguard U.S. Multifactor ETF	91	642.80M	Feb 2018
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	89	267.72M	Aug 2017
VSMV	VictoryShares US Multi-Factor Minimum Volatility E...	89	153.23M	Jun 2017
QVMS	Invesco S&P SmallCap 600 QVM Multi-factor ETF	79	254.59M	Jun 2021
QVML	Invesco S&P 500 QVM Multi-factor ETF	64	1.44B	Jun 2021

Best-Performing Multi-factor ETFs Over 5 Years

The top Multi-factor ETFs is VFMF (14.05%). Across the lineup, Multi-factor ETFs show an average 1-year return of 24.34% and an average 5-year return of 10.09%, providing a clearer view of performance across different investment horizons.

Symbol	Name	Return 5Y	AUM	Inception
VFMF	Vanguard U.S. Multifactor ETF	14.05%	642.80M	Feb 2018
AUSF	Global X Adaptive U.S. Factor ETF	13.53%	856.11M	Aug 2018
QVML	Invesco S&P 500 QVM Multi-factor ETF	13.32%	1.44B	Jun 2021
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	13.30%	267.72M	Aug 2017
VSMV	VictoryShares US Multi-Factor Minimum Volatility E...	11.09%	153.23M	Jun 2017

Lowest-Cost Multi-factor ETFs

The top Multi-factor ETFs is QVML (0.11%). With an average expense ratio of 0.33%, Multi-factor ETFs remain a low-cost option for investors seeking broad market exposure, sector allocations, and diversified portfolio building blocks.

Symbol	Name	Expense Ratio	AUM	Inception
QVML	Invesco S&P 500 QVM Multi-factor ETF	0.11%	1.44B	Jun 2021
QVMM	Invesco S&P MidCap 400 QVM Multi-factor ETF	0.15%	433.10M	Jun 2021
QVMS	Invesco S&P SmallCap 600 QVM Multi-factor ETF	0.15%	254.59M	Jun 2021
DEUS	Xtrackers Russell US Multifactor ETF	0.17%	330.42M	Nov 2015
VFMF	Vanguard U.S. Multifactor ETF	0.18%	642.80M	Feb 2018

Highest-Yield Multi-factor ETFs

The top Multi-factor ETFs is MFDX (2.81%). Across the lineup, Multi-factor ETFs show an average dividend yield of 1.45%, offering investors a steady stream of income through regular dividend payments, making them attractive for income-seeking portfolios.

Symbol	Name	Dividend Yield	AUM	Inception
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equi...	2.81%	456.07M	Aug 2017
AUSF	Global X Adaptive U.S. Factor ETF	2.74%	856.11M	Aug 2018
MFEM	PIMCO RAFI Dynamic Multi-Factor Emerging Markets E...	2.29%	159.06M	Aug 2017
AAVM	Alpha Architect Global Factor Equity ETF	1.80%	22.06M	May 2017
DEUS	Xtrackers Russell US Multifactor ETF	1.41%	330.42M	Nov 2015

Top ETFs Categories

Leveraged Equities · 535 ETFs Europe Equities · 513 ETFs Derivative Income · 463 ETFs Global Equities · 460 ETFs Asia Pacific Equities · 412 ETFs Large Cap Blend Equities · 411 ETFs Technology Equities · 379 ETFs Defined Outcome · 340 ETFs S&P 500 · 280 ETFs Large Cap Growth Equities · 233 ETFs Emerging Markets Equities · 220 ETFs Dividend · 215 ETFs Foreign Large Cap Equities · 209 ETFs Corporate Bonds · 198 ETFs Cryptocurrency · 183 ETFs Large Cap Value Equities · 177 ETFs Government Bonds · 174 ETFs High Yield Bonds · 167 ETFs Options Trading · 164 ETFs Precious Metals · 159 ETFs Municipal Bonds · 150 ETFs Energy Equities · 142 ETFs Health & Biotech Equities · 136 ETFs REIT · 130 ETFs Nasdaq-100 · 129 ETFs Diversified Portfolio · 119 ETFs Financials Equities · 119 ETFs European Government Bonds · 115 ETFs China Equities · 114 ETFs Japan Equities · 114 ETFs

Top ETFs Comparisons

Compare the top ETFs symbols based on PortfoliosLab usage data.

Risk vs. Return Scatterplot

The Risk vs. Return Scatterplot allows you to quickly compare funds, stocks, and ETFs in one view. It displays the yearly return of an instrument on one axis and the risk (volatility) on the other.

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