QVMT vs. QQQ
QVMT (Invesco S&P S&P 500 Concentrated QVM ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - QVMT is a S&P 500 fund tracking the S&P 500 Quality, Value & Momentum Multi-factor Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, QVMT returned 12.93%/yr vs 21.19%/yr for QQQ. At a 0.45 correlation, their price movements are largely independent. QVMT charges 0.13%/yr vs 0.18%/yr for QQQ.
Performance
QVMT vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, QVMT achieves a 17.80% return, which is significantly higher than QQQ's 16.13% return. Over the past 10 years, QVMT has underperformed QQQ with an annualized return of 12.93%, while QQQ has yielded a comparatively higher 21.19% annualized return.
QVMT
- 1D
- -1.52%
- 1M
- -1.75%
- 6M
- 15.40%
- YTD
- 17.80%
- 1Y
- 29.59%
- 3Y*
- 20.71%
- 5Y*
- 12.96%
- 10Y*
- 12.93%
QQQ
- 1D
- -1.90%
- 1M
- -1.22%
- 6M
- 13.75%
- YTD
- 16.13%
- 1Y
- 29.05%
- 3Y*
- 24.08%
- 5Y*
- 15.10%
- 10Y*
- 21.19%
QVMT vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 17.80% | 19.08% | 14.40% | 11.71% | -5.61% | 35.27% | -9.98% | 28.86% | -9.51% | 18.77% |
QQQ Invesco QQQ ETF | 16.13% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between QVMT and QQQ is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.45 |
The correlation between QVMT and QQQ shifts across timeframes, from 0.39 (3 years) to 0.51 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
QVMT vs. QQQ — Risk / Return Rank
QVMT
QQQ
QVMT vs. QQQ - 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 Invesco QQQ ETF (QQQ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QVMT | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.75 | 2.44 | +2.32 |
| Martin ratioReturn relative to average drawdown | 15.94 | 8.74 | +7.20 |
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Drawdowns
QVMT vs. QQQ - Drawdown Comparison
The maximum QVMT drawdown since its inception was -48.05%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for QVMT and QQQ.
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Drawdown Indicators
| QVMT | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.05% | -82.97% | +34.92% |
Max Drawdown (1Y)Largest decline over 1 year | -6.25% | -11.96% | +5.71% |
Max Drawdown (3Y)Largest decline over 3 years | -14.42% | -22.77% | +8.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -35.12% | +13.17% |
Max Drawdown (10Y)Largest decline over 10 years | -48.05% | -35.12% | -12.93% |
Current DrawdownCurrent decline from peak | -4.57% | -4.51% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -32.67% | +26.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 3.33% | -1.46% |
Volatility
QVMT vs. QQQ - Volatility Comparison
The current volatility for Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) is 7.79%, while Invesco QQQ ETF (QQQ) has a volatility of 8.69%. This indicates that QVMT experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QVMT | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 8.69% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 15.40% | -4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.35% | 18.61% | -4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 22.80% | -5.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 22.44% | -1.26% |
QVMT vs. QQQ - Expense Ratio Comparison
QVMT has a 0.13% expense ratio, which is lower than QQQ's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QVMT vs. QQQ - Dividend Comparison
QVMT's dividend yield for the trailing twelve months is around 1.85%, more than QQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.43% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 1.85% | 2.42% | 2.71% | 3.05% | 2.49% | 2.31% | 2.70% | 2.23% | 2.48% | 2.37% | 1.11% | 0.54% |
Frequently Asked Questions
QVMT and QQQ have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (8.69%) compared to QVMT (7.79%). In terms of maximum drawdown, QVMT dropped -48.05% vs QQQ's -82.97%.
On 10-year performance, QQQ leads with 21.19% vs 12.93% for QVMT. On fees, QVMT is cheaper at 0.13% per year. On volatility, QVMT has been the lower-risk option at 7.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QQQ has performed better with a 21.19% return vs 12.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QVMT is cheaper with a 0.13% expense ratio, compared with 0.18% for QQQ.
QVMT has the higher dividend yield at 1.85%, compared with 0.43% for QQQ.
QVMT is categorized as S&P 500, while QQQ is Nasdaq-100. QVMT tracks S&P 500 Quality, Value & Momentum Multi-factor Index, while QQQ tracks NASDAQ-100 Index. Their fees differ too: 0.13% for QVMT and 0.18% for QQQ.
QVMT currently has the higher Sharpe Ratio (2.08 vs 1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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