PLRG vs. QVML
Compare and contrast key facts about Principal US Large-Cap Adaptive Multi-Factor ETF (PLRG) and Invesco S&P 500 QVM Multi-factor ETF (QVML).
PLRG and QVML are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PLRG is an actively managed fund by Principal. It was launched on May 19, 2021. QVML is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality, Value &Momentum Top 90% Multi-Factor Index - Benchmark TR Gross. It was launched on Jun 30, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PLRG or QVML.
Key characteristics
| PLRG | QVML |
|---|
Correlation
The correlation between PLRG and QVML is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PLRG vs. QVML - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PLRG vs. QVML - Expense Ratio Comparison
PLRG has a 0.15% expense ratio, which is higher than QVML's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
PLRG vs. QVML - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal US Large-Cap Adaptive Multi-Factor ETF (PLRG) and Invesco S&P 500 QVM Multi-factor ETF (QVML). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PLRG vs. QVML - Dividend Comparison
PLRG has not paid dividends to shareholders, while QVML's dividend yield for the trailing twelve months is around 1.11%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF | 0.00% | 1.05% | 2.65% | 0.52% |
QVML Invesco S&P 500 QVM Multi-factor ETF | 1.11% | 1.43% | 1.72% | 0.62% |
Drawdowns
PLRG vs. QVML - Drawdown Comparison
Volatility
PLRG vs. QVML - Volatility Comparison
The current volatility for Principal US Large-Cap Adaptive Multi-Factor ETF (PLRG) is 0.00%, while Invesco S&P 500 QVM Multi-factor ETF (QVML) has a volatility of 3.92%. This indicates that PLRG experiences smaller price fluctuations and is considered to be less risky than QVML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.