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Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

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

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Invesco S&P MidCap 400 QVM Multi-factor ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) has returned 3.32% so far this year and 18.80% over the past 12 months.


Invesco S&P MidCap 400 QVM Multi-factor ETF

1D
2.76%
1M
-4.92%
YTD
3.32%
6M
5.26%
1Y
18.80%
3Y*
12.60%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jun 30, 2021, QVMM's average daily return is +0.03%, while the average monthly return is +0.67%. At this rate, your investment would double in approximately 8.7 years.

Historically, 54% of months were positive and 46% 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 51% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20264.28%4.21%-4.92%3.32%
20253.76%-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%
20238.99%-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%
20210.58%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 -1.95%, 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 104.86% of S&P 500 Index downside but only 94.35% of its upside — more exposed to losses than it benefited from rallies.
  • 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
-1.95%
Beta
1.00
0.77
Upside Capture
94.35%
Downside Capture
104.86%

Expense Ratio

QVMM has an expense ratio of 0.15%, which is considered low.


Return for Risk

Risk / Return Rank

QVMM ranks 51 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.


QVMM Risk / Return Rank: 5151
Overall Rank
QVMM Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
QVMM Sortino Ratio Rank: 5151
Sortino Ratio Rank
QVMM Omega Ratio Rank: 4949
Omega Ratio Rank
QVMM Calmar Ratio Rank: 5050
Calmar Ratio Rank
QVMM Martin Ratio Rank: 5959
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 a chosen benchmark (S&P 500 Index).


QVMMBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.91

0.90

+0.01

Sortino ratio

Return per unit of downside risk

1.40

1.39

+0.02

Omega ratio

Gain probability vs. loss probability

1.20

1.21

-0.01

Calmar ratio

Return relative to maximum drawdown

1.35

1.40

-0.05

Martin ratio

Return relative to average drawdown

6.02

6.61

-0.58

Explore QVMM risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Invesco S&P MidCap 400 QVM Multi-factor ETF provided a 1.29% 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.


0.60%0.80%1.00%1.20%1.40%1.60%$0.00$0.10$0.20$0.30$0.4020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021
Dividend$0.41$0.41$0.37$0.36$0.34$0.16

Dividend yield

1.29%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.11$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.

The current Invesco S&P MidCap 400 QVM Multi-factor ETF drawdown is 5.77%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-24%Nov 26, 202490Apr 8, 2025170Dec 10, 2025260
-23.4%Nov 17, 2021146Jun 16, 2022415Feb 12, 2024561
-8.3%Mar 3, 202620Mar 30, 2026
-7.76%Jul 17, 202416Aug 7, 202430Sep 19, 202446
-6.97%Apr 1, 202413Apr 17, 202461Jul 16, 202474

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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