QVMT vs. PBFR

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) and PGIM Laddered S&P 500 Buffer 20 ETF (PBFR).

QVMT and PBFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QVMT is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality, Value & Momentum Multi-factor Index. It was launched on Oct 9, 2015. PBFR is an actively managed fund by PGIM. It was launched on Jun 11, 2024.

Performance

QVMT vs. PBFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) and PGIM Laddered S&P 500 Buffer 20 ETF (PBFR). The values are adjusted to include any dividend payments, if applicable.

QVMT vs. PBFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QVMT Invesco S&P S&P 500 Concentrated QVM ETF	4.72%	19.08%	6.17%
PBFR PGIM Laddered S&P 500 Buffer 20 ETF	-0.75%	10.44%	5.53%

Returns By Period

In the year-to-date period, QVMT achieves a 4.72% return, which is significantly higher than PBFR's -0.75% return.

QVMT

• 1D: 2.18%
• 1M: -3.92%
• YTD: 4.72%
• 6M: 9.66%
• 1Y: 17.82%
• 3Y*: 17.19%
• 5Y*: 11.10%
• 10Y*: 12.08%

PBFR

• 1D: 1.19%
• 1M: -1.46%
• YTD: -0.75%
• 6M: 1.42%
• 1Y: 10.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QVMT vs. PBFR - Expense Ratio Comparison

QVMT has a 0.13% expense ratio, which is lower than PBFR's 0.50% expense ratio.

PBFR

PGIM Laddered S&P 500 Buffer 20 ETF

QVMT

Invesco S&P S&P 500 Concentrated QVM ETF

Return for Risk

QVMT vs. PBFR — Risk / Return Rank

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

QVMT

QVMT Risk / Return Rank: 59
QVMT Sharpe Ratio Rank: 59
QVMT Sortino Ratio Rank: 57
QVMT Omega Ratio Rank: 56
QVMT Calmar Ratio Rank: 60
QVMT Martin Ratio Rank: 63

PBFR

PBFR Risk / Return Rank: 79
PBFR Sharpe Ratio Rank: 73
PBFR Sortino Ratio Rank: 77
PBFR Omega Ratio Rank: 86
PBFR Calmar Ratio Rank: 71
PBFR Martin Ratio Rank: 87

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.

QVMT vs. PBFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) and PGIM Laddered S&P 500 Buffer 20 ETF (PBFR). 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.

	QVMT	PBFR	Difference
Sharpe ratio Return per unit of total volatility	1.08	1.34	-0.26
Sortino ratio Return per unit of downside risk	1.53	1.99	-0.47
Omega ratio Gain probability vs. loss probability	1.22	1.35	-0.14
Calmar ratio Return relative to maximum drawdown	1.57	1.84	-0.27
Martin ratio Return relative to average drawdown	6.47	10.86	-4.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QVMT vs. PBFR - Sharpe Ratio Comparison

The current QVMT Sharpe Ratio is 1.08, which is comparable to the PBFR Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of QVMT and PBFR, 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

	QVMT	PBFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	1.34	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	1.20	-0.66

Correlation

The correlation between QVMT and PBFR is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QVMT vs. PBFR - Dividend Comparison

QVMT's dividend yield for the trailing twelve months is around 2.30%, more than PBFR's 0.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QVMT Invesco S&P S&P 500 Concentrated QVM ETF	2.30%	2.42%	2.71%	3.05%	2.49%	2.31%	2.70%	2.23%	2.48%	2.37%	1.11%	0.54%
PBFR PGIM Laddered S&P 500 Buffer 20 ETF	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

QVMT vs. PBFR - Drawdown Comparison

The maximum QVMT drawdown since its inception was -48.05%, which is greater than PBFR's maximum drawdown of -8.50%. Use the drawdown chart below to compare losses from any high point for QVMT and PBFR.

Drawdown Indicators

	QVMT	PBFR	Difference
Max Drawdown Largest peak-to-trough decline	-48.05%	-8.50%	-39.55%
Max Drawdown (1Y) Largest decline over 1 year	-12.17%	-6.15%	-6.02%
Max Drawdown (5Y) Largest decline over 5 years	-21.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.05%	—	—
Current Drawdown Current decline from peak	-4.21%	-1.56%	-2.65%
Average Drawdown Average peak-to-trough decline	-6.44%	-0.68%	-5.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	1.04%	+1.91%

Volatility

QVMT vs. PBFR - Volatility Comparison

Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) has a higher volatility of 4.36% compared to PGIM Laddered S&P 500 Buffer 20 ETF (PBFR) at 2.42%. This indicates that QVMT's price experiences larger fluctuations and is considered to be riskier than PBFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QVMT	PBFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	2.42%	+1.94%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	3.46%	+6.01%
Volatility (1Y) Calculated over the trailing 1-year period	16.67%	8.18%	+8.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	7.13%	+10.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.08%	7.13%	+13.95%