QVML vs. VIG
Compare and contrast key facts about Invesco S&P 500 QVM Multi-factor ETF (QVML) and Vanguard Dividend Appreciation ETF (VIG).
QVML and VIG 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. VIG is a passively managed fund by Vanguard that tracks the performance of the NASDAQ US Dividend Achievers Select Index. It was launched on Dec 19, 2013. Both QVML and VIG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QVML vs. VIG - Performance Comparison
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QVML vs. VIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QVML Invesco S&P 500 QVM Multi-factor ETF | -3.64% | 17.74% | 25.87% | 22.19% | -16.25% | 12.56% |
VIG Vanguard Dividend Appreciation ETF | -1.48% | 14.17% | 16.99% | 14.51% | -9.80% | 11.97% |
Returns By Period
In the year-to-date period, QVML achieves a -3.64% return, which is significantly lower than VIG's -1.48% return.
QVML
- 1D
- 0.88%
- 1M
- -4.27%
- YTD
- -3.64%
- 6M
- -1.37%
- 1Y
- 16.19%
- 3Y*
- 18.13%
- 5Y*
- —
- 10Y*
- —
VIG
- 1D
- 0.29%
- 1M
- -4.68%
- YTD
- -1.48%
- 6M
- 0.22%
- 1Y
- 13.20%
- 3Y*
- 13.91%
- 5Y*
- 9.83%
- 10Y*
- 12.29%
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QVML vs. VIG - Expense Ratio Comparison
QVML has a 0.11% expense ratio, which is higher than VIG's 0.04% 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%.
Return for Risk
QVML vs. VIG — Risk / Return Rank
QVML
VIG
QVML vs. VIG - 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 Vanguard Dividend Appreciation ETF (VIG). 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 | VIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 0.87 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.36 | 1.33 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.20 | +0.08 |
Martin ratioReturn relative to average drawdown | 6.24 | 5.31 | +0.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QVML | VIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.87 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.57 | +0.09 |
Correlation
The correlation between QVML and VIG is 0.90, 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.
Dividends
QVML vs. VIG - Dividend Comparison
QVML's dividend yield for the trailing twelve months is around 1.14%, less than VIG's 1.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVML Invesco S&P 500 QVM Multi-factor ETF | 1.14% | 1.10% | 1.15% | 1.43% | 1.72% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VIG Vanguard Dividend Appreciation ETF | 1.60% | 1.62% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% |
Drawdowns
QVML vs. VIG - Drawdown Comparison
The maximum QVML drawdown since its inception was -23.52%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for QVML and VIG.
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Drawdown Indicators
| QVML | VIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.52% | -46.81% | +23.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.97% | -10.83% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.72% | — |
Current DrawdownCurrent decline from peak | -5.40% | -5.73% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -5.55% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.45% | +0.21% |
Volatility
QVML vs. VIG - Volatility Comparison
Invesco S&P 500 QVM Multi-factor ETF (QVML) has a higher volatility of 5.22% compared to Vanguard Dividend Appreciation ETF (VIG) at 4.05%. This indicates that QVML's price experiences larger fluctuations and is considered to be riskier than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QVML | VIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 4.05% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 7.82% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 15.28% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 14.26% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 16.04% | +0.69% |