QVMS vs. OMFS

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) and Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

QVMS and OMFS 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. OMFS is a passively managed fund by Invesco that tracks the performance of the Russell 2000 Invesco Dynamic Multifactor Index. It was launched on Nov 8, 2017. Both QVMS and OMFS 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

QVMS vs. OMFS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) and Invesco Russell 2000 Dynamic Multifactor ETF (OMFS). The values are adjusted to include any dividend payments, if applicable.

QVMS vs. OMFS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF	3.59%	5.56%	9.50%	16.89%	-14.61%	4.45%
OMFS Invesco Russell 2000 Dynamic Multifactor ETF	2.13%	13.34%	3.98%	15.12%	-17.29%	1.65%

Returns By Period

In the year-to-date period, QVMS achieves a 3.59% return, which is significantly higher than OMFS's 2.13% return.

QVMS

• 1D: 2.44%
• 1M: -4.15%
• YTD: 3.59%
• 6M: 4.87%
• 1Y: 19.92%
• 3Y*: 10.96%
• 5Y*: —
• 10Y*: —

OMFS

• 1D: 2.76%
• 1M: -4.36%
• YTD: 2.13%
• 6M: 3.49%
• 1Y: 20.42%
• 3Y*: 10.33%
• 5Y*: 3.90%
• 10Y*: —

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

QVMS vs. OMFS - Expense Ratio Comparison

QVMS has a 0.15% expense ratio, which is lower than OMFS's 0.39% expense ratio.

OMFS

Invesco Russell 2000 Dynamic Multifactor ETF

QVMS

Invesco S&P SmallCap 600 QVM Multi-factor ETF

Return for Risk

QVMS vs. OMFS — Risk / Return Rank

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

QVMS

QVMS Risk / Return Rank: 53
QVMS Sharpe Ratio Rank: 50
QVMS Sortino Ratio Rank: 53
QVMS Omega Ratio Rank: 49
QVMS Calmar Ratio Rank: 55
QVMS Martin Ratio Rank: 58

OMFS

OMFS Risk / Return Rank: 60
OMFS Sharpe Ratio Rank: 56
OMFS Sortino Ratio Rank: 58
OMFS Omega Ratio Rank: 51
OMFS Calmar Ratio Rank: 71
OMFS Martin Ratio Rank: 67

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.

QVMS vs. OMFS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) and Invesco Russell 2000 Dynamic Multifactor ETF (OMFS). 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.

	QVMS	OMFS	Difference
Sharpe ratio Return per unit of total volatility	0.88	0.96	-0.08
Sortino ratio Return per unit of downside risk	1.38	1.48	-0.10
Omega ratio Gain probability vs. loss probability	1.18	1.19	-0.01
Calmar ratio Return relative to maximum drawdown	1.38	1.80	-0.41
Martin ratio Return relative to average drawdown	5.58	6.67	-1.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QVMS vs. OMFS - Sharpe Ratio Comparison

The current QVMS Sharpe Ratio is 0.88, which is comparable to the OMFS Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of QVMS and OMFS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QVMS	OMFS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	0.96	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.36	-0.14

Correlation

The correlation between QVMS and OMFS is 0.95, 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

QVMS vs. OMFS - Dividend Comparison

QVMS's dividend yield for the trailing twelve months is around 1.27%, more than OMFS's 1.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF	1.27%	1.10%	1.53%	1.51%	1.58%	0.64%	0.00%	0.00%	0.00%	0.00%
OMFS Invesco Russell 2000 Dynamic Multifactor ETF	1.02%	0.80%	1.87%	1.27%	1.84%	0.66%	1.07%	1.29%	1.50%	0.34%

Drawdowns

QVMS vs. OMFS - Drawdown Comparison

The maximum QVMS drawdown since its inception was -28.05%, smaller than the maximum OMFS drawdown of -42.50%. Use the drawdown chart below to compare losses from any high point for QVMS and OMFS.

Drawdown Indicators

	QVMS	OMFS	Difference
Max Drawdown Largest peak-to-trough decline	-28.05%	-42.50%	+14.45%
Max Drawdown (1Y) Largest decline over 1 year	-14.86%	-12.23%	-2.63%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.22%	—
Current Drawdown Current decline from peak	-5.94%	-6.39%	+0.45%
Average Drawdown Average peak-to-trough decline	-9.39%	-10.68%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	3.29%	+0.39%

Volatility

QVMS vs. OMFS - Volatility Comparison

Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) and Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) have volatilities of 6.26% and 6.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QVMS	OMFS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	6.48%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	13.01%	13.57%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	22.75%	21.35%	+1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.41%	21.61%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.41%	24.45%	-3.04%