QVMT vs. RSPG
QVMT (Invesco S&P S&P 500 Concentrated QVM ETF) and RSPG (Invesco S&P 500 Equal Weight Energy 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 RSPG is a Energy Equities fund tracking the S&P 500 Equal Weight Energy Plus Index. Both are passively managed. Over the past 10 years, QVMT returned 13.51%/yr vs 9.37%/yr for RSPG. A 0.60 correlation means they provide meaningful diversification when combined. QVMT charges 0.13%/yr vs 0.40%/yr for RSPG.
Performance
QVMT vs. RSPG - Performance Comparison
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Returns By Period
In the year-to-date period, QVMT achieves a 21.53% return, which is significantly lower than RSPG's 25.67% return. Over the past 10 years, QVMT has outperformed RSPG with an annualized return of 13.51%, while RSPG has yielded a comparatively lower 9.37% annualized return.
QVMT
- 1D
- 2.60%
- 1M
- 3.26%
- YTD
- 21.53%
- 6M
- 20.96%
- 1Y
- 37.48%
- 3Y*
- 23.47%
- 5Y*
- 13.19%
- 10Y*
- 13.51%
RSPG
- 1D
- 1.47%
- 1M
- -5.51%
- YTD
- 25.67%
- 6M
- 26.41%
- 1Y
- 37.04%
- 3Y*
- 17.32%
- 5Y*
- 19.74%
- 10Y*
- 9.37%
QVMT vs. RSPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 21.53% | 19.08% | 14.40% | 11.71% | -5.61% | 35.27% | -9.98% | 28.86% | -9.51% | 18.77% |
RSPG Invesco S&P 500 Equal Weight Energy ETF | 25.67% | 7.01% | 6.09% | 4.49% | 57.97% | 57.73% | -32.44% | 13.38% | -24.68% | -6.39% |
Correlation
The correlation between QVMT and RSPG is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.60 |
Over the past year, the correlation between QVMT and RSPG has dropped to 0.30 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
QVMT vs. RSPG — Risk / Return Rank
QVMT
RSPG
QVMT vs. RSPG - 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 Energy ETF (RSPG). 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 | RSPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.28 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 6.02 | 2.71 | +3.31 |
| Martin ratioReturn relative to average drawdown | 21.04 | 7.80 | +13.24 |
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Drawdowns
QVMT vs. RSPG - Drawdown Comparison
The maximum QVMT drawdown since its inception was -48.05%, smaller than the maximum RSPG drawdown of -79.98%. Use the drawdown chart below to compare losses from any high point for QVMT and RSPG.
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Drawdown Indicators
| QVMT | RSPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.05% | -79.98% | +31.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.25% | -13.72% | +7.47% |
Max Drawdown (3Y)Largest decline over 3 years | -14.42% | -23.06% | +8.64% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -28.44% | +6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -48.05% | -73.17% | +25.12% |
Current DrawdownCurrent decline from peak | -0.74% | -11.71% | +10.97% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -25.41% | +19.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 4.76% | -2.97% |
Volatility
QVMT vs. RSPG - Volatility Comparison
The current volatility for Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) is 5.67%, while Invesco S&P 500 Equal Weight Energy ETF (RSPG) has a volatility of 7.09%. This indicates that QVMT experiences smaller price fluctuations and is considered to be less risky than RSPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QVMT | RSPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.67% | 7.09% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.14% | 16.94% | -6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 21.94% | -8.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 28.26% | -10.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 33.53% | -12.42% |
QVMT vs. RSPG - Expense Ratio Comparison
QVMT has a 0.13% expense ratio, which is lower than RSPG's 0.40% expense ratio.
Dividends
QVMT vs. RSPG - Dividend Comparison
QVMT's dividend yield for the trailing twelve months is around 1.79%, less than RSPG's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 1.79% | 2.42% | 2.71% | 3.05% | 2.49% | 2.31% | 2.70% | 2.23% | 2.48% | 2.37% | 1.11% | 0.54% |
RSPG Invesco S&P 500 Equal Weight Energy ETF | 2.11% | 2.60% | 2.43% | 2.84% | 3.43% | 2.37% | 3.15% | 2.15% | 2.18% | 2.55% | 1.14% | 2.80% |
Frequently Asked Questions
QVMT and RSPG have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSPG has higher volatility (7.09%) compared to QVMT (5.67%). In terms of maximum drawdown, QVMT dropped -48.05% vs RSPG's -79.98%.
On 10-year performance, QVMT leads with 13.51% vs 9.37% for RSPG. On fees, QVMT is cheaper at 0.13% per year. On volatility, QVMT has been the lower-risk option at 5.67%. 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 13.51% return vs 9.37%. 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 0.40% for RSPG.
RSPG has the higher dividend yield at 2.11%, compared with 1.79% for QVMT.
QVMT is categorized as S&P 500, while RSPG is Energy Equities. QVMT tracks S&P 500 Quality, Value & Momentum Multi-factor Index, while RSPG tracks S&P 500 Equal Weight Energy Plus Index. Their fees differ too: 0.13% for QVMT and 0.40% for RSPG.
QVMT currently has the higher Sharpe Ratio (2.81 vs 1.70), 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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