- ISIN
- US46138G5734
- CUSIP
- 46138G573
- Issuer
- Invesco
- Inception Date
- Jun 30, 2021
- Region
- North America (U.S.)
- Category
- Multi-factor
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P MidCap 400 Quality, Value & Momentum Top 90% Multi-Factor Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Assets Under Management
- $423M
Share Price Chart
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Performance
QVMM Performance Chart
Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is up 14.5% since the beginning of the year. QVMM is currently trading at $35 per share.
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Returns By Period
Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) has returned 14.47% so far this year and 26.39% over the past 12 months.
Invesco S&P MidCap 400 QVM Multi-factor ETF
- 1D
- 0.09%
- 1M
- 3.49%
- YTD
- 14.47%
- 6M
- 14.87%
- 1Y
- 26.39%
- 3Y*
- 16.65%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
QVMM Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 2021, QVMM's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was Jul 2022 with a return of +10.9%, while the worst month was Jun 2022 at -10.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, QVMM closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +9.4%, while the worst single day was Apr 3, 2025 at -6.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.28% | 4.21% | -4.92% | 7.86% | 1.84% | 0.85% | 14.47% | ||||||
| 2025 | 3.76% | -3.94% | -5.04% | -2.33% | 5.68% | 3.34% | 1.34% | 3.74% | 0.64% | -0.55% | 2.29% | 0.15% | 8.82% |
| 2024 | -1.32% | 6.00% | 5.77% | -6.04% | 4.34% | -2.08% | 6.24% | -0.32% | 1.20% | -0.82% | 8.79% | -7.71% | 13.36% |
| 2023 | 8.99% | -1.65% | -3.86% | -0.75% | -3.47% | 9.32% | 3.83% | -2.50% | -5.21% | -5.19% | 8.22% | 8.62% | 15.43% |
| 2022 | -7.27% | 1.09% | 1.24% | -6.71% | 1.01% | -10.07% | 10.92% | -3.49% | -8.93% | 10.88% | 5.88% | -5.56% | -13.06% |
| 2021 | 0.58% | 1.60% | -4.11% | 5.68% | -2.48% | 5.00% | 6.04% |
Benchmark Metrics
Invesco S&P MidCap 400 QVM Multi-factor ETF has an annualized alpha of -2.75%, beta of 1.00, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since July 01, 2021.
- This ETF participated in 103.82% of S&P 500 Index downside but only 90.17% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.75% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.00 and R2 of 0.77, 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
- -2.75%
- Beta
- 1.00
- R²
- 0.77
- Upside Capture
- 90.17%
- Downside Capture
- 103.82%
Expense Ratio
QVMM has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
QVMM ranks 57 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) and compare them to S&P 500 Index.
| QVMM | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 2.24 | -0.50 |
Sortino ratioReturn per unit of downside risk | 2.54 | 3.07 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.41 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.19 | 2.93 | +0.26 |
Martin ratioReturn relative to average drawdown | 11.48 | 13.52 | -2.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Invesco S&P MidCap 400 QVM Multi-factor ETF provided a 1.16% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.37 | $0.36 | $0.34 | $0.16 |
Dividend yield | 1.16% | 1.32% | 1.29% | 1.42% | 1.51% | 0.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco S&P MidCap 400 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 | $0.00 | $0.11 | ||||||
| 2025 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.41 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.37 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.07 | $0.34 |
| 2021 | $0.07 | $0.00 | $0.00 | $0.09 | $0.16 |
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 MidCap 400 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 MidCap 400 QVM Multi-factor ETF was 24.00%, occurring on Apr 8, 2025. Recovery took 170 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -24.00%Apr 2025 | 4mo 13d | 8mo 6d | 1y 14dNov 2024 - Dec 2025 |
Bear market2022 | -23.40%Jun 2022 | 7mo 1d | 1y 8mo | 2y 2moNov 2021 - Feb 2024 |
2026 pullback2026 | -8.30%Mar 2026 | 27d | 15d | 1mo 12dMar 2026 - Apr 2026 |
2024 pullback2024 | -7.76%Aug 2024 | 21d | 1mo 13d | 2mo 4dJul 2024 - Sep 2024 |
2024 pullback2024 | -6.97%Apr 2024 | 16d | 3mo | 3mo 16dApr 2024 - Jul 2024 |
Drawdown Indicators
| QVMM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.00% | -56.78% | +32.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -9.10% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -24.00% | -18.90% | -5.10% |
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 | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -10.72% | +3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 1.97% | +0.33% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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