QVML vs. HYMU

Last updated Jun 3, 2026

QVML (Invesco S&P 500 QVM Multi-factor ETF) and HYMU (BlackRock High Yield Muni Income Bond 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 HYMU is a High Yield Muni fund actively managed by BlackRock. QVML is passively managed, while HYMU is actively managed. QVML charges 0.11%/yr vs 0.35%/yr for HYMU.

Performance

QVML vs. HYMU - 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 BlackRock High Yield Muni Income Bond ETF (HYMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QVML

• 1D: 0.19%
• 1M: 5.18%
• YTD: 11.81%
• 6M: 12.33%
• 1Y: 29.20%
• 3Y*: 22.71%
• 5Y*: —
• 10Y*: —

HYMU

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QVML vs. HYMU - Yearly Performance Comparison

	2026 (YTD)
QVML Invesco S&P 500 QVM Multi-factor ETF	0.56%
HYMU BlackRock High Yield Muni Income Bond ETF	0.00%

Return for Risk

QVML vs. HYMU — Risk / Return Rank

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

QVML

QVML Risk / Return Rank: 75
QVML Sharpe Ratio Rank: 76
QVML Sortino Ratio Rank: 76
QVML Omega Ratio Rank: 75
QVML Calmar Ratio Rank: 67
QVML Martin Ratio Rank: 79

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. HYMU - 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 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.

	QVML	HYMU	Difference
Sharpe ratio Return per unit of total volatility	2.51	—	—
Sortino ratio Return per unit of downside risk	3.47	—	—
Omega ratio Gain probability vs. loss probability	1.45	—	—
Calmar ratio Return relative to maximum drawdown	3.38	—	—
Martin ratio Return relative to average drawdown	15.83	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QVML	HYMU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	—	—

Drawdowns

QVML vs. HYMU - Drawdown Comparison

The maximum QVML drawdown since its inception was -23.52%, which is greater than HYMU's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for QVML and HYMU.

Drawdown Indicators

	QVML	HYMU	Difference
Max Drawdown Largest peak-to-trough decline	-23.52%	0.00%	-23.52%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.71%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.41%	0.00%	-5.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	—	—

Volatility

Volatility by Period

	QVML	HYMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.67%	0.00%	+11.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.59%	0.00%	+16.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	0.00%	+16.59%

QVML vs. HYMU - Expense Ratio Comparison

QVML has a 0.11% expense ratio, which is lower than HYMU's 0.35% expense ratio.

Dividends

QVML vs. HYMU - Dividend Comparison

QVML's dividend yield for the trailing twelve months is around 0.98%, while HYMU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
HYMU BlackRock High Yield Muni Income Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QVML Invesco S&P 500 QVM Multi-factor ETF	0.98%	1.10%	1.15%	1.43%	1.72%	0.62%

Frequently Asked Questions

Which ETF is better, QVML or HYMU?

On fees, QVML is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QVML or HYMU?

QVML is cheaper with a 0.11% expense ratio, compared with 0.35% for HYMU.

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

QVML has the higher dividend yield at 0.98%, compared with 0.00% for HYMU.

What is the main difference between QVML and HYMU?

QVML is categorized as Multi-factor, while HYMU is High Yield Muni. They also come from different issuers: Invesco and BlackRock. Their fees differ too: 0.11% for QVML and 0.35% for HYMU.