QVMT vs. RSP
QVMT (Invesco S&P S&P 500 Concentrated QVM ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both S&P 500 funds from Invesco - QVMT tracks the S&P 500 Quality, Value & Momentum Multi-factor Index while RSP tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, QVMT returned 12.55%/yr vs 11.94%/yr for RSP. Their 0.79 correlation means they have sometimes moved together and sometimes differently. QVMT charges 0.13%/yr vs 0.20%/yr for RSP.
Performance
QVMT vs. RSP - Performance Comparison
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Returns By Period
In the year-to-date period, QVMT achieves a 14.62% return, which is significantly higher than RSP's 13.16% return. Both investments have delivered pretty close results over the past 10 years, with QVMT having a 12.55% annualized return and RSP not far behind at 11.94%.
QVMT
- 1D
- -0.50%
- 1M
- -2.65%
- 6M
- 11.45%
- YTD
- 14.62%
- 1Y
- 32.14%
- 3Y*
- 17.87%
- 5Y*
- 12.30%
- 10Y*
- 12.55%
- ALL TIME*
- 11.80%
RSP
- 1D
- -0.17%
- 1M
- 0.05%
- 6M
- 9.43%
- YTD
- 13.16%
- 1Y
- 20.39%
- 3Y*
- 13.55%
- 5Y*
- 8.88%
- 10Y*
- 11.94%
- ALL TIME*
- 11.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $936.15K | $987.45K | $703.91K | |
| $1.86B | $1.85B | $2.06B |
QVMT vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 14.62% | 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 | 13.16% | 11.21% | 12.79% | 13.70% | -11.62% | 29.41% | 12.66% | 28.91% | -7.84% | 18.52% |
Correlation
The correlation between QVMT and RSP is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.79 |
The correlation between QVMT and RSP shifts across timeframes, from 0.66 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
QVMT vs. RSP — Risk / Return Rank
QVMT
RSP
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.
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 | RSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 2.43 | +0.84 |
| Martin ratioReturn relative to average drawdown | 13.45 | 9.43 | +4.02 |
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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.
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Drawdown Indicators
| QVMT | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.05% | -59.92% | +11.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.23% | -7.85% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -14.42% | -17.81% | +3.39% |
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 DrawdownCurrent decline from peak | -7.15% | -1.23% | -5.92% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -6.61% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.02% | +0.23% |
Volatility
QVMT vs. RSP - Volatility Comparison
Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) has a higher volatility of 6.32% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 2.88%. This indicates that QVMT's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QVMT | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 2.88% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 12.06% | 8.59% | +3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 11.76% | +3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 16.16% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.22% | 18.28% | +2.94% |
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%.
Dividends
QVMT vs. RSP - Dividend Comparison
QVMT's dividend yield for the trailing twelve months is around 1.90%, more than RSP's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 1.90% | 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 | 1.49% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Frequently Asked Questions
QVMT and RSP have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QVMT has higher volatility (6.32%) compared to RSP (2.88%). In terms of maximum drawdown, QVMT dropped -48.05% vs RSP's -59.92%.
On 10-year performance, QVMT leads with 12.55% vs 11.94% for RSP. On fees, QVMT is cheaper at 0.13% per year. On volatility, RSP has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QVMT has performed better with a 12.55% return vs 11.94%. 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 0.20% for RSP.
QVMT has the higher dividend yield at 1.90%, compared with 1.49% for RSP.
QVMT tracks S&P 500 Quality, Value & Momentum Multi-factor Index, while RSP tracks S&P 500 Equal Weight Index. Their fees differ too: 0.13% for QVMT and 0.20% for RSP.
QVMT currently has the higher Sharpe Ratio (2.04 vs 1.63), 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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