PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
QVMT vs. RSP
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QVMT vs. RSP

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) and Invesco S&P 500 Equal Weight ETF (RSP).

QVMT and RSP 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. RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003. Both QVMT and RSP 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

QVMT vs. RSP - 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 Invesco S&P 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

QVMT vs. RSP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QVMT
Invesco S&P S&P 500 Concentrated QVM ETF		4.72%19.08%14.40%11.71%-5.61%35.27%-9.98%28.86%-9.51%18.77%
RSP
Invesco S&P 500 Equal Weight ETF		0.62%11.21%12.79%13.70%-11.62%29.41%12.66%28.91%-7.84%18.52%

Returns By Period

In the year-to-date period, QVMT achieves a 4.72% return, which is significantly higher than RSP's 0.62% return. Over the past 10 years, QVMT has outperformed RSP with an annualized return of 12.08%, while RSP has yielded a comparatively lower 11.17% annualized 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%

RSP

1D
2.05%
1M
-5.97%
YTD
0.62%
6M
2.01%
1Y
12.65%
3Y*
11.72%
5Y*
7.81%
10Y*
11.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P S&P 500 Concentrated QVM ETF

Invesco S&P 500 Equal Weight ETF

Often compared with QVMT:
QVMT vs. IGMQVMT vs. SPMOQVMT vs. XCLRQVMT vs. QDIVQVMT vs. IVVQVMT vs. VOOQVMT vs. PHDG
Often compared with RSP:
RSP vs. SPYRSP vs. VOORSP vs. VTIRSP vs. FXAIXRSP vs. IVVRSP vs. EUSARSP vs. GSEW

QVMT vs. RSP - Expense Ratio Comparison

QVMT has a 0.13% expense ratio, which is lower than RSP's 0.20% 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%.

RSP
Invesco S&P 500 Equal Weight ETF
QVMT
Invesco S&P S&P 500 Concentrated QVM ETF

Return for Risk

QVMT vs. RSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QVMT
QVMT Risk / Return Rank: 5959
Overall Rank
QVMT Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
QVMT Sortino Ratio Rank: 5757
Sortino Ratio Rank
QVMT Omega Ratio Rank: 5656
Omega Ratio Rank
QVMT Calmar Ratio Rank: 6060
Calmar Ratio Rank
QVMT Martin Ratio Rank: 6363
Martin Ratio Rank
RSP
RSP Risk / Return Rank: 4747
Overall Rank
RSP Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
RSP Sortino Ratio Rank: 4545
Sortino Ratio Rank
RSP Omega Ratio Rank: 4646
Omega Ratio Rank
RSP Calmar Ratio Rank: 4747
Calmar Ratio Rank
RSP Martin Ratio Rank: 5555
Martin Ratio Rank
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. RSP - 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 S&P 500 Equal Weight ETF (RSP). 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.

QVMTRSPDifference

Sharpe ratio

Return per unit of total volatility

1.08

0.74

+0.34

Sortino ratio

Return per unit of downside risk

1.53

1.15

+0.38

Omega ratio

Gain probability vs. loss probability

1.22

1.16

+0.05

Calmar ratio

Return relative to maximum drawdown

1.57

1.08

+0.48

Martin ratio

Return relative to average drawdown

6.47

4.89

+1.58

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. RSP - Sharpe Ratio Comparison

The current QVMT Sharpe Ratio is 1.08, which is higher than the RSP Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of QVMT and RSP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

QVMTRSPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.08

0.74

+0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

0.48

+0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

0.61

-0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.55

-0.01

Correlation

The correlation between QVMT and RSP is 0.80, 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

QVMT vs. RSP - Dividend Comparison

QVMT's dividend yield for the trailing twelve months is around 2.30%, more than RSP's 1.62% yield.

TTM20252024202320222021202020192018201720162015
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%
RSP
Invesco S&P 500 Equal Weight ETF		1.62%1.64%1.52%1.64%1.82%1.28%1.64%1.69%2.02%1.52%1.20%1.70%

Drawdowns

QVMT vs. RSP - Drawdown Comparison

The maximum QVMT drawdown since its inception was -48.05%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for QVMT and RSP.

Loading graphics...

Drawdown Indicators

QVMTRSPDifference

Max Drawdown

Largest peak-to-trough decline

-48.05%

-59.92%

+11.87%

Max Drawdown (1Y)

Largest decline over 1 year

-12.17%

-12.54%

+0.37%

Max Drawdown (5Y)

Largest decline over 5 years

-21.95%

-21.38%

-0.57%

Max Drawdown (10Y)

Largest decline over 10 years

-48.05%

-39.04%

-9.01%

Current Drawdown

Current decline from peak

-4.21%

-5.97%

+1.76%

Average Drawdown

Average peak-to-trough decline

-6.44%

-6.69%

+0.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.95%

2.78%

+0.17%

Volatility

QVMT vs. RSP - Volatility Comparison

Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) and Invesco S&P 500 Equal Weight ETF (RSP) have volatilities of 4.36% and 4.47%, 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.

Loading graphics...

Volatility by Period

QVMTRSPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.36%

4.47%

-0.11%

Volatility (6M)

Calculated over the trailing 6-month period

9.47%

8.83%

+0.64%

Volatility (1Y)

Calculated over the trailing 1-year period

16.67%

17.17%

-0.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.34%

16.20%

+1.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.08%

18.36%

+2.72%