QVMS vs. USMF
Compare and contrast key facts about Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) and WisdomTree US Multifactor Fund (USMF).
QVMS and USMF 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. USMF is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree US Multifactor Index. It was launched on Jun 29, 2017. Both QVMS and USMF 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. USMF - Performance Comparison
Loading graphics...
QVMS vs. USMF - 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% |
USMF WisdomTree US Multifactor Fund | -3.32% | 4.60% | 19.65% | 13.47% | -8.82% | 7.64% |
Returns By Period
In the year-to-date period, QVMS achieves a 3.59% return, which is significantly higher than USMF's -3.32% return.
QVMS
- 1D
- 2.44%
- 1M
- -4.15%
- YTD
- 3.59%
- 6M
- 4.87%
- 1Y
- 19.92%
- 3Y*
- 10.96%
- 5Y*
- —
- 10Y*
- —
USMF
- 1D
- 1.60%
- 1M
- -3.99%
- YTD
- -3.32%
- 6M
- -4.86%
- 1Y
- 0.89%
- 3Y*
- 11.09%
- 5Y*
- 6.81%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QVMS vs. USMF - Expense Ratio Comparison
QVMS has a 0.15% expense ratio, which is lower than USMF's 0.28% expense ratio.
Return for Risk
QVMS vs. USMF — Risk / Return Rank
QVMS
USMF
QVMS vs. USMF - 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 WisdomTree US Multifactor Fund (USMF). 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 | USMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 0.06 | +0.82 |
Sortino ratioReturn per unit of downside risk | 1.38 | 0.19 | +1.19 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.03 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.13 | +1.25 |
Martin ratioReturn relative to average drawdown | 5.58 | 0.54 | +5.05 |
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
| QVMS | USMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.06 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.58 | -0.35 |
Correlation
The correlation between QVMS and USMF is 0.85, 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. USMF - Dividend Comparison
QVMS's dividend yield for the trailing twelve months is around 1.27%, less than USMF's 1.42% 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% |
USMF WisdomTree US Multifactor Fund | 1.42% | 1.37% | 1.22% | 1.33% | 1.74% | 1.42% | 1.34% | 1.38% | 1.45% | 0.67% |
Drawdowns
QVMS vs. USMF - Drawdown Comparison
The maximum QVMS drawdown since its inception was -28.05%, smaller than the maximum USMF drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for QVMS and USMF.
Loading graphics...
Drawdown Indicators
| QVMS | USMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.05% | -36.24% | +8.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.86% | -11.36% | -3.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.10% | — |
Current DrawdownCurrent decline from peak | -5.94% | -4.96% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -4.22% | -5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 2.73% | +0.95% |
Volatility
QVMS vs. USMF - Volatility Comparison
Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) has a higher volatility of 6.26% compared to WisdomTree US Multifactor Fund (USMF) at 3.43%. This indicates that QVMS's price experiences larger fluctuations and is considered to be riskier than USMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| QVMS | USMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 3.43% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 13.01% | 7.76% | +5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.75% | 15.33% | +7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.41% | 14.30% | +7.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.41% | 17.08% | +4.33% |