- ISIN
- US46138G5817
- CUSIP
- 46138G581
- Issuer
- Invesco
- Inception Date
- Jun 30, 2021
- Region
- North America (U.S.)
- Category
- Multi-factor, S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500 Quality, Value &Momentum Top 90% Multi-Factor Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Assets Under Management
- $1B
Share Price Chart
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Performance
QVML Performance Chart
Invesco S&P 500 QVM Multi-factor ETF (QVML) is up 10.3% since the beginning of the year. QVML is currently trading at $44 per share.
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Returns By Period
Invesco S&P 500 QVM Multi-factor ETF (QVML) has returned 10.25% so far this year and 26.77% over the past 12 months.
Invesco S&P 500 QVM Multi-factor ETF
- 1D
- -0.53%
- 1M
- 0.26%
- YTD
- 10.25%
- 6M
- 9.91%
- 1Y
- 26.77%
- 3Y*
- 21.69%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
QVML Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 2021, QVML's average daily return is +0.06%, while the average monthly return is +1.14%. At this rate, an investment would double in approximately 5.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +11.0%, while the worst month was Sep 2022 at -9.2%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, QVML closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +9.9%, while the worst single day was Apr 4, 2025 at -6.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.28% | -0.82% | -4.90% | 11.02% | 5.04% | -1.04% | 10.25% | ||||||
| 2025 | 3.11% | -0.43% | -5.20% | -1.52% | 6.08% | 4.97% | 1.64% | 2.58% | 3.16% | 2.16% | -0.02% | 0.44% | 17.74% |
| 2024 | 2.89% | 5.48% | 3.57% | -3.93% | 4.60% | 3.86% | 0.93% | 2.40% | 1.67% | -0.48% | 5.31% | -2.57% | 25.87% |
| 2023 | 5.42% | -2.21% | 2.68% | 2.03% | -0.92% | 6.01% | 3.00% | -1.34% | -4.91% | -1.56% | 8.73% | 4.15% | 22.19% |
| 2022 | -4.88% | -3.23% | 3.79% | -7.88% | 0.83% | -8.38% | 8.77% | -3.91% | -9.19% | 8.44% | 5.82% | -5.42% | -16.25% |
| 2021 | 0.15% | 2.23% | 3.18% | -4.62% | 7.32% | -0.73% | 5.01% | 12.72% |
Benchmark Metrics
Invesco S&P 500 QVM Multi-factor ETF has an annualized alpha of 1.98%, beta of 0.97, and R2 of 0.98 versus S&P 500 Index. Calculated based on daily prices since June 30, 2021.
- This ETF captured 101.09% of S&P 500 Index gains but only 93.89% of its losses - a favorable profile for investors.
- With beta of 0.97 and R2 of 0.98, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.98%
- Beta
- 0.97
- R²
- 0.98
- Upside Capture
- 101.09%
- Downside Capture
- 93.89%
Expense Ratio
QVML has an expense ratio of 0.11%, which is considered low.
Return for Risk
Risk / Return Rank
QVML ranks 70 for risk / return — better than 70% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco S&P 500 QVM Multi-factor ETF (QVML) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QVML | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 2.78 | +0.30 |
| Martin ratioReturn relative to average drawdown | 14.02 | 12.44 | +1.58 |
Dividends
Dividend History
Invesco S&P 500 QVM Multi-factor ETF provided a 1.25% dividend yield over the last twelve months, with an annual payout of $0.55 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.44 | $0.40 | $0.40 | $0.40 | $0.17 |
Dividend yield | 1.25% | 1.10% | 1.15% | 1.43% | 1.72% | 0.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco S&P 500 QVM Multi-factor ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.22 | ||||||
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.44 |
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.40 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.40 |
| 2022 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.40 |
| 2021 | $0.07 | $0.00 | $0.00 | $0.10 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco S&P 500 QVM Multi-factor ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco S&P 500 QVM Multi-factor ETF was 23.52%, occurring on Oct 12, 2022. Recovery took 294 trading sessions.
The current Invesco S&P 500 QVM Multi-factor ETF drawdown is 1.40%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -23.52%Oct 2022 | 9mo 10d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -18.71%Apr 2025 | 1mo 17d | 2mo 20d | 4mo 7dFeb 2025 - Jun 2025 |
2026 pullback2026 | -8.73%Mar 2026 | 1mo 25d | 15d | 2mo 10dFeb 2026 - Apr 2026 |
2024 pullback2024 | -8.54%Aug 2024 | 19d | 1mo 15d | 2mo 4dJul 2024 - Sep 2024 |
2024 pullback2024 | -5.36%Apr 2024 | 18d | 25d | 1mo 13dApr 2024 - May 2024 |
Drawdown Indicators
| QVML | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.52% | -56.78% | +33.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -9.10% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -18.71% | -18.90% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.40% | -1.80% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -10.71% | +5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 2.03% | -0.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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