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QVMT vs. XCLR
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QVMT vs. XCLR

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) and Global X S&P 500 Collar 95-110 ETF (XCLR).

QVMT and XCLR 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. XCLR is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 3-Month Collar 95-110 Index. It was launched on Aug 25, 2021. Both QVMT and XCLR 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. XCLR - 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 Global X S&P 500 Collar 95-110 ETF (XCLR). The values are adjusted to include any dividend payments, if applicable.

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QVMT vs. XCLR - Yearly Performance Comparison

2026 (YTD)20252024202320222021
QVMT
Invesco S&P S&P 500 Concentrated QVM ETF		4.72%19.08%14.40%11.71%-5.61%6.58%
XCLR
Global X S&P 500 Collar 95-110 ETF		-4.88%10.25%20.67%15.64%-12.93%3.44%

Returns By Period

In the year-to-date period, QVMT achieves a 4.72% return, which is significantly higher than XCLR's -4.88% return.

QVMT

1D
2.18%
1M
-4.21%
YTD
4.72%
6M
10.03%
1Y
18.03%
3Y*
17.19%
5Y*
11.10%
10Y*
12.08%

XCLR

1D
0.49%
1M
-4.99%
YTD
-4.88%
6M
-3.76%
1Y
10.37%
3Y*
12.20%
5Y*
—
10Y*
—
*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

Global X S&P 500 Collar 95-110 ETF

Often compared with QVMT:
QVMT vs. IGMQVMT vs. SPMOQVMT vs. QDIVQVMT vs. IVVQVMT vs. RSPUQVMT vs. VOOQVMT vs. PHDG
Often compared with XCLR:
XCLR vs. QCLRXCLR vs. XTRXCLR vs. HEQTXCLR vs. SPYXCLR vs. URNMXCLR vs. VOOXCLR vs. MINT

QVMT vs. XCLR - Expense Ratio Comparison

QVMT has a 0.13% expense ratio, which is lower than XCLR's 0.25% 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%.

XCLR
Global X S&P 500 Collar 95-110 ETF
QVMT
Invesco S&P S&P 500 Concentrated QVM ETF

Return for Risk

QVMT vs. XCLR — 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
XCLR
XCLR Risk / Return Rank: 4949
Overall Rank
XCLR Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
XCLR Sortino Ratio Rank: 5252
Sortino Ratio Rank
XCLR Omega Ratio Rank: 4545
Omega Ratio Rank
XCLR Calmar Ratio Rank: 4646
Calmar Ratio Rank
XCLR Martin Ratio Rank: 5151
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. XCLR - 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 Global X S&P 500 Collar 95-110 ETF (XCLR). 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.

QVMTXCLRDifference

Sharpe ratio

Return per unit of total volatility

1.08

0.99

+0.09

Sortino ratio

Return per unit of downside risk

1.53

1.43

+0.10

Omega ratio

Gain probability vs. loss probability

1.22

1.19

+0.03

Calmar ratio

Return relative to maximum drawdown

1.57

1.28

+0.29

Martin ratio

Return relative to average drawdown

6.47

5.24

+1.23

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. XCLR - Sharpe Ratio Comparison

The current QVMT Sharpe Ratio is 1.08, which is comparable to the XCLR Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of QVMT and XCLR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

QVMTXCLRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.08

0.99

+0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.59

-0.05

Correlation

The correlation between QVMT and XCLR is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QVMT vs. XCLR - Dividend Comparison

QVMT's dividend yield for the trailing twelve months is around 2.30%, less than XCLR's 13.83% 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%
XCLR
Global X S&P 500 Collar 95-110 ETF		13.83%13.15%18.76%1.40%1.01%1.70%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

QVMT vs. XCLR - Drawdown Comparison

The maximum QVMT drawdown since its inception was -48.05%, which is greater than XCLR's maximum drawdown of -14.63%. Use the drawdown chart below to compare losses from any high point for QVMT and XCLR.

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Drawdown Indicators

QVMTXCLRDifference

Max Drawdown

Largest peak-to-trough decline

-48.05%

-14.63%

-33.42%

Max Drawdown (1Y)

Largest decline over 1 year

-12.17%

-8.29%

-3.88%

Max Drawdown (5Y)

Largest decline over 5 years

-21.95%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-48.05%

—

—

Current Drawdown

Current decline from peak

-4.21%

-6.45%

+2.24%

Average Drawdown

Average peak-to-trough decline

-6.44%

-4.82%

-1.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.95%

2.02%

+0.93%

Volatility

QVMT vs. XCLR - Volatility Comparison

Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) has a higher volatility of 4.36% compared to Global X S&P 500 Collar 95-110 ETF (XCLR) at 3.42%. This indicates that QVMT's price experiences larger fluctuations and is considered to be riskier than XCLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QVMTXCLRDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.36%

3.42%

+0.94%

Volatility (6M)

Calculated over the trailing 6-month period

9.47%

7.16%

+2.31%

Volatility (1Y)

Calculated over the trailing 1-year period

16.67%

10.53%

+6.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.34%

10.58%

+6.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.08%

10.58%

+10.50%