QVMS vs. DES
Compare and contrast key facts about Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) and WisdomTree U.S. SmallCap Dividend Fund (DES).
QVMS and DES 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. DES is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree SmallCap Dividend (TR). It was launched on Jun 16, 2006. Both QVMS and DES are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QVMS or DES.
Key characteristics
| QVMS | DES | |
|---|---|---|
| YTD Return | 19.03% | 18.34% |
| 1Y Return | 40.59% | 37.98% |
| 3Y Return (Ann) | 4.98% | 6.47% |
| Sharpe Ratio | 2.03 | 1.92 |
| Sortino Ratio | 2.98 | 2.86 |
| Omega Ratio | 1.36 | 1.35 |
| Calmar Ratio | 2.31 | 3.08 |
| Martin Ratio | 12.16 | 10.41 |
| Ulcer Index | 3.46% | 3.76% |
| Daily Std Dev | 20.74% | 20.40% |
| Max Drawdown | -24.77% | -65.49% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between QVMS and DES 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. DES - Performance Comparison
The year-to-date returns for both stocks are quite close, with QVMS having a 19.03% return and DES slightly lower at 18.34%. 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. DES - Expense Ratio Comparison
QVMS has a 0.15% expense ratio, which is lower than DES's 0.38% expense ratio.
Risk-Adjusted Performance
QVMS vs. DES - 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 WisdomTree U.S. SmallCap Dividend Fund (DES). 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. DES - Dividend Comparison
QVMS's dividend yield for the trailing twelve months is around 1.19%, less than DES's 2.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF | 1.19% | 1.51% | 1.58% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DES WisdomTree U.S. SmallCap Dividend Fund | 2.71% | 2.65% | 2.89% | 2.31% | 2.75% | 2.68% | 3.65% | 2.89% | 2.70% | 3.55% | 2.68% | 2.44% |
Drawdowns
QVMS vs. DES - Drawdown Comparison
The maximum QVMS drawdown since its inception was -24.77%, smaller than the maximum DES drawdown of -65.49%. Use the drawdown chart below to compare losses from any high point for QVMS and DES. For additional features, visit the drawdowns tool.
Volatility
QVMS vs. DES - Volatility Comparison
The current volatility for Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is 7.57%, while WisdomTree U.S. SmallCap Dividend Fund (DES) has a volatility of 8.04%. This indicates that QVMS experiences smaller price fluctuations and is considered to be less risky than DES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.