QVMS vs. RTAI
Compare and contrast key facts about Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) and Rareview Tax Advantaged Income ETF (RTAI).
QVMS and RTAI 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. RTAI is an actively managed fund by Rareview Funds. It was launched on Oct 20, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QVMS or RTAI.
Key characteristics
| QVMS | RTAI | |
|---|---|---|
| YTD Return | 19.03% | 10.04% |
| 1Y Return | 40.59% | 22.36% |
| 3Y Return (Ann) | 4.98% | -3.90% |
| Sharpe Ratio | 2.03 | 2.79 |
| Sortino Ratio | 2.98 | 4.18 |
| Omega Ratio | 1.36 | 1.53 |
| Calmar Ratio | 2.31 | 0.82 |
| Martin Ratio | 12.16 | 15.12 |
| Ulcer Index | 3.46% | 1.54% |
| Daily Std Dev | 20.74% | 8.35% |
| Max Drawdown | -24.77% | -34.32% |
| Current Drawdown | 0.00% | -12.30% |
Correlation
The correlation between QVMS and RTAI is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QVMS vs. RTAI - Performance Comparison
In the year-to-date period, QVMS achieves a 19.03% return, which is significantly higher than RTAI's 10.04% return. 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. RTAI - Expense Ratio Comparison
QVMS has a 0.15% expense ratio, which is lower than RTAI's 3.78% expense ratio.
Risk-Adjusted Performance
QVMS vs. RTAI - 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 Rareview Tax Advantaged Income ETF (RTAI). 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. RTAI - Dividend Comparison
QVMS's dividend yield for the trailing twelve months is around 1.19%, less than RTAI's 4.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF | 1.19% | 1.51% | 1.58% | 0.64% | 0.00% |
RTAI Rareview Tax Advantaged Income ETF | 4.64% | 3.06% | 3.71% | 4.73% | 0.47% |
Drawdowns
QVMS vs. RTAI - Drawdown Comparison
The maximum QVMS drawdown since its inception was -24.77%, smaller than the maximum RTAI drawdown of -34.32%. Use the drawdown chart below to compare losses from any high point for QVMS and RTAI. For additional features, visit the drawdowns tool.
Volatility
QVMS vs. RTAI - Volatility Comparison
Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) has a higher volatility of 7.57% compared to Rareview Tax Advantaged Income ETF (RTAI) at 2.94%. This indicates that QVMS's price experiences larger fluctuations and is considered to be riskier than RTAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.