QVML vs. XMMO
Compare and contrast key facts about Invesco S&P 500 QVM Multi-factor ETF (QVML) and Invesco S&P MidCap Momentum ETF (XMMO).
QVML and XMMO 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. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005. Both QVML and XMMO 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. XMMO - Performance Comparison
Loading graphics...
QVML vs. XMMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QVML Invesco S&P 500 QVM Multi-factor ETF | -4.47% | 17.74% | 25.87% | 22.19% | -16.25% | 12.56% |
XMMO Invesco S&P MidCap Momentum ETF | 4.93% | 13.04% | 38.03% | 20.39% | -16.02% | 6.56% |
Returns By Period
In the year-to-date period, QVML achieves a -4.47% return, which is significantly lower than XMMO's 4.93% return.
QVML
- 1D
- 2.74%
- 1M
- -4.90%
- YTD
- -4.47%
- 6M
- -2.01%
- 1Y
- 15.56%
- 3Y*
- 17.79%
- 5Y*
- —
- 10Y*
- —
XMMO
- 1D
- 4.31%
- 1M
- -3.18%
- YTD
- 4.93%
- 6M
- 7.61%
- 1Y
- 28.46%
- 3Y*
- 25.08%
- 5Y*
- 12.21%
- 10Y*
- 18.19%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QVML vs. XMMO - Expense Ratio Comparison
QVML has a 0.11% expense ratio, which is lower than XMMO's 0.33% expense ratio.
Return for Risk
QVML vs. XMMO — Risk / Return Rank
QVML
XMMO
QVML vs. XMMO - 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 Invesco S&P MidCap Momentum ETF (XMMO). 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 | XMMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.30 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.32 | 1.86 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.26 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 2.28 | -1.02 |
Martin ratioReturn relative to average drawdown | 6.20 | 10.83 | -4.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| QVML | XMMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.30 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.54 | +0.11 |
Correlation
The correlation between QVML and XMMO is 0.81, 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. XMMO - Dividend Comparison
QVML's dividend yield for the trailing twelve months is around 1.15%, more than XMMO's 0.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVML Invesco S&P 500 QVM Multi-factor ETF | 1.15% | 1.10% | 1.15% | 1.43% | 1.72% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMMO Invesco S&P MidCap Momentum ETF | 0.71% | 0.78% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% |
Drawdowns
QVML vs. XMMO - Drawdown Comparison
The maximum QVML drawdown since its inception was -23.52%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for QVML and XMMO.
Loading graphics...
Drawdown Indicators
| QVML | XMMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.52% | -55.37% | +31.85% |
Max Drawdown (1Y)Largest decline over 1 year | -12.97% | -12.81% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.74% | — |
Current DrawdownCurrent decline from peak | -6.23% | -4.39% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -9.52% | +3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 2.69% | -0.05% |
Volatility
QVML vs. XMMO - Volatility Comparison
The current volatility for Invesco S&P 500 QVM Multi-factor ETF (QVML) is 5.17%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 9.07%. This indicates that QVML experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| QVML | XMMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 9.07% | -3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.16% | 14.28% | -5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.56% | 21.97% | -3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 21.26% | -4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 22.11% | -5.37% |