QVML vs. DEUS

Last updated Jul 14, 2026

QVML (Invesco S&P 500 QVM Multi-factor ETF) and DEUS (Xtrackers Russell US Multifactor ETF) are both exchange-traded funds - QVML is a Multi-factor fund tracking the S&P 500 Quality, Value &Momentum Top 90% Multi-Factor Index - Benchmark TR Gross, while DEUS is a Mid Cap Blend Equities fund tracking the Russell 1000 Comprehensive Factor Index. Both are passively managed. Over the past 5 years, QVML returned 13.22%/yr vs 10.05%/yr for DEUS. Their correlation of 0.85 suggests significant overlap in exposure. QVML charges 0.11%/yr vs 0.17%/yr for DEUS.

Performance

QVML vs. DEUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 QVM Multi-factor ETF (QVML) and Xtrackers Russell US Multifactor ETF (DEUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QVML achieves a 10.98% return, which is significantly lower than DEUS's 13.81% return.

QVML

• 1D: -0.74%
• 1M: 1.42%
• 6M: 9.01%
• YTD: 10.98%
• 1Y: 21.60%
• 3Y*: 20.62%
• 5Y*: 13.22%
• 10Y*: —

DEUS

• 1D: 0.19%
• 1M: 0.99%
• 6M: 10.31%
• YTD: 13.81%
• 1Y: 18.55%
• 3Y*: 14.92%
• 5Y*: 10.05%
• 10Y*: 11.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QVML vs. DEUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QVML Invesco S&P 500 QVM Multi-factor ETF	10.98%	17.74%	25.87%	22.19%	-16.25%	12.72%
DEUS Xtrackers Russell US Multifactor ETF	13.81%	10.41%	14.33%	14.73%	-11.18%	10.25%

Correlation

The correlation between QVML and DEUS is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.85

Over the past year, the correlation between QVML and DEUS has dropped to 0.65 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

QVML vs. DEUS - Sectors Allocation Comparison

Sectors	QVML	DEUS
Technology	39.1%	17.7%
Financial Services	12.0%	11.7%
Communication Services	11.3%	3.7%
Healthcare	8.5%	11.4%
Industrials	8.2%	17.0%
Consumer Cyclical	7.0%	10.5%
Consumer Defensive	5.1%	7.3%
Energy	3.2%	5.1%
Utilities	2.2%	6.9%
Basic Materials	1.8%	4.5%
Real Estate	1.5%	4.2%

Return for Risk

QVML vs. DEUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QVML

QVML Risk / Return Rank: 69
QVML Sharpe Ratio Rank: 70
QVML Sortino Ratio Rank: 69
QVML Omega Ratio Rank: 67
QVML Calmar Ratio Rank: 63
QVML Martin Ratio Rank: 75

DEUS

DEUS Risk / Return Rank: 66
DEUS Sharpe Ratio Rank: 64
DEUS Sortino Ratio Rank: 67
DEUS Omega Ratio Rank: 61
DEUS Calmar Ratio Rank: 69
DEUS Martin Ratio Rank: 71

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.

QVML vs. DEUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 QVM Multi-factor ETF (QVML) and Xtrackers Russell US Multifactor ETF (DEUS). 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.

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	DEUS	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.68	+0.11
Sortino ratio: Return per unit of downside risk	2.49	2.46	+0.03
Omega ratio: Gain probability vs. loss probability	1.32	1.29	+0.02
Calmar ratio: Return relative to maximum drawdown	2.49	2.73	-0.24
Martin ratio: Return relative to average drawdown	11.02	10.37	+0.66

QVML vs. DEUS - Sharpe Ratio Comparison

The current QVML Sharpe Ratio is 1.78, which is comparable to the DEUS Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of QVML and DEUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QVML vs. DEUS - Drawdown Comparison

The maximum QVML drawdown since its inception was -23.52%, smaller than the maximum DEUS drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for QVML and DEUS.

Drawdown Indicators

	QVML	DEUS	Difference
Max Drawdown Largest peak-to-trough decline	-23.52%	-40.47%	+16.95%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-6.83%	-1.90%
Max Drawdown (3Y) Largest decline over 3 years	-18.71%	-16.69%	-2.02%
Max Drawdown (5Y) Largest decline over 5 years	-23.52%	-20.89%	-2.63%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.47%	—
Current Drawdown Current decline from peak	-0.75%	-0.10%	-0.65%
Average Drawdown Average peak-to-trough decline	-5.32%	-4.30%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.79%	+0.17%

Volatility

QVML vs. DEUS - Volatility Comparison

Invesco S&P 500 QVM Multi-factor ETF (QVML) has a higher volatility of 3.91% compared to Xtrackers Russell US Multifactor ETF (DEUS) at 3.03%. This indicates that QVML's price experiences larger fluctuations and is considered to be riskier than DEUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QVML	DEUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	3.03%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	8.17%	+1.68%
Volatility (1Y) Calculated over the trailing 1-year period	12.20%	11.14%	+1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.59%	15.53%	+1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	17.94%	-1.39%

QVML vs. DEUS - Expense Ratio Comparison

QVML has a 0.11% expense ratio, which is lower than DEUS's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QVML vs. DEUS - Dividend Comparison

QVML's dividend yield for the trailing twelve months is around 1.01%, less than DEUS's 1.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DEUS Xtrackers Russell US Multifactor ETF	1.40%	1.59%	1.36%	1.49%	1.74%	1.14%	1.61%	1.65%	1.77%	1.31%	2.75%
QVML Invesco S&P 500 QVM Multi-factor ETF	1.01%	1.10%	1.15%	1.43%	1.72%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QVML and DEUS in my portfolio?

QVML and DEUS have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QVML or DEUS?

QVML has higher volatility (3.91%) compared to DEUS (3.03%). In terms of maximum drawdown, QVML dropped -23.52% vs DEUS's -40.47%.

Which ETF is better, QVML or DEUS?

On 5-year performance, QVML leads with 13.22% vs 10.05% for DEUS. On fees, QVML is cheaper at 0.11% per year. On volatility, DEUS has been the lower-risk option at 3.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QVML or DEUS?

Over the 5-year period, QVML has performed better with a 13.22% return vs 10.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QVML or DEUS?

QVML is cheaper with a 0.11% expense ratio, compared with 0.17% for DEUS.

Which ETF pays a higher dividend yield, QVML or DEUS?

DEUS has the higher dividend yield at 1.40%, compared with 1.01% for QVML.

What is the main difference between QVML and DEUS?

QVML is categorized as Multi-factor, while DEUS is Mid Cap Blend Equities. QVML tracks S&P 500 Quality, Value &Momentum Top 90% Multi-Factor Index - Benchmark TR Gross, while DEUS tracks Russell 1000 Comprehensive Factor Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.11% for QVML and 0.17% for DEUS.

Which has better risk-adjusted returns?

QVML currently has the higher Sharpe Ratio (1.78 vs 1.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.