QVMT vs. XCLR
QVMT (Invesco S&P S&P 500 Concentrated QVM ETF) and XCLR (Global X S&P 500 Collar 95-110 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 XCLR is a Equity Hedged fund tracking the Cboe S&P 500 3-Month Collar 95-110 Index. Both are passively managed. Over the past 3 years, QVMT returned 22.94%/yr vs 13.33%/yr for XCLR. A 0.64 correlation means they provide meaningful diversification when combined. QVMT charges 0.13%/yr vs 0.25%/yr for XCLR.
Performance
QVMT vs. XCLR - 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 XCLR's 1.45% 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%
XCLR
- 1D
- -0.86%
- 1M
- -0.46%
- YTD
- 1.45%
- 6M
- 0.79%
- 1Y
- 11.53%
- 3Y*
- 13.33%
- 5Y*
- —
- 10Y*
- —
QVMT vs. XCLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 19.11% | 19.08% | 14.40% | 11.71% | -5.61% | 5.36% |
XCLR Global X S&P 500 Collar 95-110 ETF | 1.45% | 10.25% | 20.67% | 15.64% | -12.93% | 3.30% |
Correlation
The correlation between QVMT and XCLR is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | 0.64 |
The correlation between QVMT and XCLR shifts across timeframes, from 0.49 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QVMT vs. XCLR — Risk / Return Rank
QVMT
XCLR
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.
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 | XCLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.25 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 5.53 | 1.40 | +4.13 |
| Martin ratioReturn relative to average drawdown | 19.46 | 5.62 | +13.84 |
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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
| QVMT | XCLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.05% | -14.63% | -33.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.25% | -8.29% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.42% | -12.46% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.05% | — | — |
Current DrawdownCurrent decline from peak | -2.72% | -1.32% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -4.65% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.06% | -0.29% |
Volatility
QVMT vs. XCLR - Volatility Comparison
Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) has a higher volatility of 5.11% compared to Global X S&P 500 Collar 95-110 ETF (XCLR) at 1.31%. 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
| QVMT | XCLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 1.31% | +3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 5.99% | +3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 8.39% | +4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 10.39% | +6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.10% | 10.39% | +10.71% |
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%.
Dividends
QVMT vs. XCLR - Dividend Comparison
QVMT's dividend yield for the trailing twelve months is around 1.83%, less than XCLR's 12.96% 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% |
XCLR Global X S&P 500 Collar 95-110 ETF | 12.96% | 13.15% | 18.76% | 1.40% | 1.01% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QVMT and XCLR have a correlation of 0.49, 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 XCLR (1.31%). In terms of maximum drawdown, QVMT dropped -48.05% vs XCLR's -14.63%.
On 3-year performance, QVMT leads with 22.94% vs 13.33% for XCLR. On fees, QVMT is cheaper at 0.13% per year. On volatility, XCLR has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QVMT has performed better with a 22.94% return vs 13.33%. 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 0.25% for XCLR.
XCLR has the higher dividend yield at 12.96%, compared with 1.83% for QVMT.
QVMT is categorized as S&P 500, while XCLR is Equity Hedged. QVMT tracks S&P 500 Quality, Value & Momentum Multi-factor Index, while XCLR tracks Cboe S&P 500 3-Month Collar 95-110 Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.13% for QVMT and 0.25% for XCLR.
QVMT currently has the higher Sharpe Ratio (2.63 vs 1.38), 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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