QVMT vs. VOO
QVMT (Invesco S&P S&P 500 Concentrated QVM ETF) and VOO (Vanguard S&P 500 ETF) are both S&P 500 funds - QVMT tracks the S&P 500 Quality, Value & Momentum Multi-factor Index while VOO tracks the S&P 500 Index. Both are passively managed. Over the past 10 years, QVMT returned 13.28%/yr vs 15.61%/yr for VOO. A 0.65 correlation means they provide meaningful diversification when combined. QVMT charges 0.13%/yr vs 0.03%/yr for VOO.
Performance
QVMT vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, QVMT achieves a 19.11% return, which is significantly higher than VOO's 8.19% return. Over the past 10 years, QVMT has underperformed VOO with an annualized return of 13.28%, while VOO has yielded a comparatively higher 15.61% annualized return.
QVMT
- 1D
- -2.72%
- 1M
- 1.92%
- YTD
- 19.11%
- 6M
- 19.12%
- 1Y
- 34.42%
- 3Y*
- 22.94%
- 5Y*
- 12.95%
- 10Y*
- 13.28%
VOO
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.19%
- 6M
- 7.24%
- 1Y
- 23.69%
- 3Y*
- 20.78%
- 5Y*
- 13.13%
- 10Y*
- 15.61%
QVMT vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 19.11% | 19.08% | 14.40% | 11.71% | -5.61% | 35.27% | -9.98% | 28.86% | -9.51% | 18.77% |
VOO Vanguard S&P 500 ETF | 8.19% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between QVMT and VOO is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.65 |
The correlation between QVMT and VOO shifts across timeframes, from 0.56 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
QVMT vs. VOO — Risk / Return Rank
QVMT
VOO
QVMT vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.35 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.53 | 2.67 | +2.86 |
| Martin ratioReturn relative to average drawdown | 19.46 | 11.96 | +7.50 |
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Drawdowns
QVMT vs. VOO - Drawdown Comparison
The maximum QVMT drawdown since its inception was -48.05%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for QVMT and VOO.
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Drawdown Indicators
| QVMT | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.05% | -33.99% | -14.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.25% | -8.90% | +2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -14.42% | -18.69% | +4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -24.52% | +2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -48.05% | -33.99% | -14.06% |
Current DrawdownCurrent decline from peak | -2.72% | -3.14% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -3.68% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.99% | -0.22% |
Volatility
QVMT vs. VOO - Volatility Comparison
Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) has a higher volatility of 5.11% compared to Vanguard S&P 500 ETF (VOO) at 4.83%. This indicates that QVMT's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QVMT | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 4.83% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 9.82% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 12.46% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 16.91% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.10% | 18.02% | +3.08% |
QVMT vs. VOO - Expense Ratio Comparison
QVMT has a 0.13% expense ratio, which is higher than VOO's 0.03% expense ratio. However, 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. VOO - Dividend Comparison
QVMT's dividend yield for the trailing twelve months is around 1.83%, more than VOO's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 1.83% | 2.42% | 2.71% | 3.05% | 2.49% | 2.31% | 2.70% | 2.23% | 2.48% | 2.37% | 1.11% | 0.54% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
QVMT and VOO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QVMT has higher volatility (5.11%) compared to VOO (4.83%). In terms of maximum drawdown, QVMT dropped -48.05% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.61% vs 13.28% for QVMT. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VOO has performed better with a 15.61% return vs 13.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.13% for QVMT.
QVMT has the higher dividend yield at 1.83%, compared with 1.05% for VOO.
QVMT tracks S&P 500 Quality, Value & Momentum Multi-factor Index, while VOO tracks S&P 500 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.13% for QVMT and 0.03% for VOO.
QVMT currently has the higher Sharpe Ratio (2.63 vs 1.91), 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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