- ISIN
- US46138G5650
- CUSIP
- 46138G565
- Issuer
- Invesco
- Inception Date
- Jun 30, 2021
- Region
- North America (U.S.)
- Category
- Multi-factor
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Small Cap 600
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Assets Under Management
- $248M
Share Price Chart
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Performance
QVMS Performance Chart
Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is up 20.8% since the beginning of the year. QVMS is currently trading at $34 per share.
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Returns By Period
Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) has returned 20.78% so far this year and 37.18% over the past 12 months.
Invesco S&P SmallCap 600 QVM Multi-factor ETF
- 1D
- 0.19%
- 1M
- 5.14%
- YTD
- 20.78%
- 6M
- 17.79%
- 1Y
- 37.18%
- 3Y*
- 16.95%
- 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%
QVMS Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 2021, QVMS's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 52% of months were positive and 48% were negative. The best month was Oct 2022 with a return of +12.8%, while the worst month was Sep 2022 at -9.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, QVMS closed higher 49% of trading days. The best single day was Apr 9, 2025 with a return of +9.0%, while the worst single day was Apr 3, 2025 at -7.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.66% | 2.29% | -4.15% | 10.48% | 1.21% | 4.28% | 20.78% | ||||||
| 2025 | 2.83% | -5.97% | -5.70% | -4.18% | 5.32% | 3.80% | 0.85% | 7.71% | 0.50% | -1.23% | 2.80% | -0.29% | 5.56% |
| 2024 | -3.78% | 3.71% | 3.21% | -5.55% | 4.70% | -2.06% | 11.30% | -1.70% | 0.79% | -2.10% | 10.66% | -8.12% | 9.50% |
| 2023 | 8.92% | -0.68% | -5.28% | -3.00% | -1.20% | 8.44% | 5.09% | -3.79% | -5.95% | -5.30% | 8.36% | 12.49% | 16.89% |
| 2022 | -7.08% | 1.18% | -0.08% | -7.57% | 2.59% | -8.39% | 10.22% | -4.36% | -9.52% | 12.83% | 3.93% | -6.45% | -14.61% |
| 2021 | 0.36% | -2.25% | 2.40% | -2.66% | 3.79% | -1.50% | 4.86% | 4.82% |
Benchmark Metrics
Invesco S&P SmallCap 600 QVM Multi-factor ETF has an annualized alpha of -2.86%, beta of 1.01, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since June 30, 2021.
- This ETF participated in 106.46% of S&P 500 Index downside but only 91.24% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.86% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.01 and R2 of 0.66, 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
- -2.86%
- Beta
- 1.01
- R²
- 0.66
- Upside Capture
- 91.24%
- Downside Capture
- 106.46%
Expense Ratio
QVMS has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
QVMS ranks 71 for risk / return — better than 71% 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 SmallCap 600 QVM Multi-factor ETF (QVMS) 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.
| QVMS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 2.78 | +1.47 |
| Martin ratioReturn relative to average drawdown | 14.44 | 12.44 | +2.00 |
Dividends
Dividend History
Invesco S&P SmallCap 600 QVM Multi-factor ETF provided a 1.37% dividend yield over the last twelve months, with an annual payout of $0.46 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.31 | $0.41 | $0.38 | $0.34 | $0.17 |
Dividend yield | 1.37% | 1.10% | 1.53% | 1.51% | 1.58% | 0.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco S&P SmallCap 600 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 | $0.09 | $0.20 | ||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.31 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.15 | $0.41 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.38 |
| 2022 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.34 |
| 2021 | $0.09 | $0.00 | $0.00 | $0.08 | $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 SmallCap 600 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 SmallCap 600 QVM Multi-factor ETF was 28.05%, occurring on Apr 8, 2025. Recovery took 189 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -28.05%Apr 2025 | 4mo 13d | 9mo 5d | 1y 1moNov 2024 - Jan 2026 |
Bear market2022 | -24.77%Sep 2022 | 10mo 23d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 |
2024 pullback2024 | -9.12%Aug 2024 | 4d | 2mo 12d | 2mo 16dAug 2024 - Oct 2024 |
2026 pullback2026 | -8.78%Mar 2026 | 1mo 9d | 25d | 2mo 4dFeb 2026 - Apr 2026 |
2021 pullback2021 | -7.74%Jul 2021 | 17d | 1mo 9d | 1mo 26dJul 2021 - Aug 2021 |
Drawdown Indicators
| QVMS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.05% | -56.78% | +28.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -9.10% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -28.05% | -18.90% | -9.15% |
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% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -10.71% | +1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.03% | +0.55% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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