QVML vs. HYMU
Compare and contrast key facts about Invesco S&P 500 QVM Multi-factor ETF (QVML) and BlackRock High Yield Muni Income Bond ETF (HYMU).
QVML and HYMU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. HYMU is an actively managed fund by BlackRock. It was launched on Mar 16, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QVML or HYMU.
Key characteristics
| QVML | HYMU | |
|---|---|---|
| YTD Return | 28.25% | 7.31% |
| 1Y Return | 37.90% | 14.99% |
| 3Y Return (Ann) | 10.45% | -0.16% |
| Sharpe Ratio | 3.25 | 2.85 |
| Sortino Ratio | 4.31 | 4.25 |
| Omega Ratio | 1.61 | 1.58 |
| Calmar Ratio | 4.69 | 1.04 |
| Martin Ratio | 21.64 | 20.31 |
| Ulcer Index | 1.85% | 0.77% |
| Daily Std Dev | 12.27% | 5.45% |
| Max Drawdown | -23.53% | -22.55% |
| Current Drawdown | -0.13% | -2.25% |
Correlation
The correlation between QVML and HYMU is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QVML vs. HYMU - Performance Comparison
In the year-to-date period, QVML achieves a 28.25% return, which is significantly higher than HYMU's 7.31% return. 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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QVML vs. HYMU - Expense Ratio Comparison
QVML has a 0.11% expense ratio, which is lower than HYMU's 0.35% expense ratio.
Risk-Adjusted Performance
QVML vs. HYMU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 QVM Multi-factor ETF (QVML) and BlackRock High Yield Muni Income Bond ETF (HYMU). 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
QVML vs. HYMU - Dividend Comparison
QVML's dividend yield for the trailing twelve months is around 1.11%, less than HYMU's 4.20% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
QVML Invesco S&P 500 QVM Multi-factor ETF | 1.11% | 1.43% | 1.72% | 0.62% |
HYMU BlackRock High Yield Muni Income Bond ETF | 4.20% | 4.36% | 4.02% | 2.96% |
Drawdowns
QVML vs. HYMU - Drawdown Comparison
The maximum QVML drawdown since its inception was -23.53%, roughly equal to the maximum HYMU drawdown of -22.55%. Use the drawdown chart below to compare losses from any high point for QVML and HYMU. For additional features, visit the drawdowns tool.
Volatility
QVML vs. HYMU - Volatility Comparison
Invesco S&P 500 QVM Multi-factor ETF (QVML) has a higher volatility of 3.88% compared to BlackRock High Yield Muni Income Bond ETF (HYMU) at 2.03%. This indicates that QVML's price experiences larger fluctuations and is considered to be riskier than HYMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.