QVMS vs. AVUV
Compare and contrast key facts about Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) and Avantis U.S. Small Cap Value ETF (AVUV).
QVMS and AVUV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QVMS is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600. It was launched on Jun 30, 2021. AVUV is an actively managed fund by American Century Investments. It was launched on Sep 24, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QVMS or AVUV.
Key characteristics
| QVMS | AVUV | |
|---|---|---|
| YTD Return | 19.03% | 18.21% |
| 1Y Return | 40.59% | 40.46% |
| 3Y Return (Ann) | 4.98% | 9.87% |
| Sharpe Ratio | 2.03 | 1.94 |
| Sortino Ratio | 2.98 | 2.83 |
| Omega Ratio | 1.36 | 1.35 |
| Calmar Ratio | 2.31 | 3.85 |
| Martin Ratio | 12.16 | 10.17 |
| Ulcer Index | 3.46% | 4.16% |
| Daily Std Dev | 20.74% | 21.74% |
| Max Drawdown | -24.77% | -49.42% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between QVMS and AVUV is 0.96, 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.
Performance
QVMS vs. AVUV - Performance Comparison
The year-to-date returns for both stocks are quite close, with QVMS having a 19.03% return and AVUV slightly lower at 18.21%. 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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QVMS vs. AVUV - Expense Ratio Comparison
QVMS has a 0.15% expense ratio, which is lower than AVUV's 0.25% 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%.
Risk-Adjusted Performance
QVMS vs. AVUV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) and Avantis U.S. Small Cap Value ETF (AVUV). 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
QVMS vs. AVUV - Dividend Comparison
QVMS's dividend yield for the trailing twelve months is around 1.19%, less than AVUV's 1.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF | 1.19% | 1.51% | 1.58% | 0.64% | 0.00% | 0.00% |
AVUV Avantis U.S. Small Cap Value ETF | 1.49% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% |
Drawdowns
QVMS vs. AVUV - Drawdown Comparison
The maximum QVMS drawdown since its inception was -24.77%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for QVMS and AVUV. For additional features, visit the drawdowns tool.
Volatility
QVMS vs. AVUV - Volatility Comparison
The current volatility for Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is 7.57%, while Avantis U.S. Small Cap Value ETF (AVUV) has a volatility of 8.55%. This indicates that QVMS experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.