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QVMT vs. XMMO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QVMT vs. XMMO

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) and Invesco S&P MidCap Momentum ETF (XMMO).

QVMT and XMMO 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. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005. Both QVMT and XMMO 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. XMMO - 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 Invesco S&P MidCap Momentum ETF (XMMO). The values are adjusted to include any dividend payments, if applicable.

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QVMT vs. XMMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QVMT
Invesco S&P S&P 500 Concentrated QVM ETF		5.51%19.08%14.40%11.71%-5.61%35.27%-9.98%28.86%-9.51%18.77%
XMMO
Invesco S&P MidCap Momentum ETF		6.86%13.04%38.03%20.39%-16.02%16.69%29.17%36.78%6.12%37.18%

Returns By Period

In the year-to-date period, QVMT achieves a 5.51% return, which is significantly lower than XMMO's 6.86% return. Over the past 10 years, QVMT has underperformed XMMO with an annualized return of 12.17%, while XMMO has yielded a comparatively higher 18.41% annualized return.

QVMT

1D
0.76%
1M
-3.49%
YTD
5.51%
6M
10.86%
1Y
18.92%
3Y*
17.49%
5Y*
11.27%
10Y*
12.17%

XMMO

1D
1.85%
1M
-2.62%
YTD
6.86%
6M
9.51%
1Y
29.37%
3Y*
25.85%
5Y*
12.62%
10Y*
18.41%
*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

Invesco S&P MidCap Momentum ETF

Often compared with QVMT:
QVMT vs. XCLRQVMT vs. IGMQVMT vs. SPMOQVMT vs. QDIVQVMT vs. RSPUQVMT vs. IVVQVMT vs. PHDG
Often compared with XMMO:
XMMO vs. SPMOXMMO vs. XMHQXMMO vs. VOOXMMO vs. SPGPXMMO vs. MTUMXMMO vs. QMOMXMMO vs. RFV

QVMT vs. XMMO - Expense Ratio Comparison

QVMT has a 0.13% expense ratio, which is lower than XMMO's 0.33% expense ratio.

XMMO
Invesco S&P MidCap Momentum ETF
QVMT
Invesco S&P S&P 500 Concentrated QVM ETF

Return for Risk

QVMT vs. XMMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QVMT
QVMT Risk / Return Rank: 5757
Overall Rank
QVMT Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
QVMT Sortino Ratio Rank: 5858
Sortino Ratio Rank
QVMT Omega Ratio Rank: 5757
Omega Ratio Rank
QVMT Calmar Ratio Rank: 5252
Calmar Ratio Rank
QVMT Martin Ratio Rank: 5757
Martin Ratio Rank
XMMO
XMMO Risk / Return Rank: 7777
Overall Rank
XMMO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
XMMO Sortino Ratio Rank: 7474
Sortino Ratio Rank
XMMO Omega Ratio Rank: 7070
Omega Ratio Rank
XMMO Calmar Ratio Rank: 8282
Calmar Ratio Rank
XMMO Martin Ratio Rank: 8989
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. XMMO - 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 MidCap Momentum ETF (XMMO). 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.

QVMTXMMODifference

Sharpe ratio

Return per unit of total volatility

1.14

1.34

-0.20

Sortino ratio

Return per unit of downside risk

1.61

1.91

-0.30

Omega ratio

Gain probability vs. loss probability

1.23

1.27

-0.04

Calmar ratio

Return relative to maximum drawdown

1.54

2.41

-0.87

Martin ratio

Return relative to average drawdown

6.33

11.42

-5.10

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. XMMO - Sharpe Ratio Comparison

The current QVMT Sharpe Ratio is 1.14, which is comparable to the XMMO Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of QVMT and XMMO, 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

QVMTXMMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.14

1.34

-0.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.60

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.83

-0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.55

0.00

Correlation

The correlation between QVMT and XMMO is 0.59, 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. XMMO - Dividend Comparison

QVMT's dividend yield for the trailing twelve months is around 2.28%, more than XMMO's 0.70% yield.

TTM20252024202320222021202020192018201720162015
QVMT
Invesco S&P S&P 500 Concentrated QVM ETF		2.28%2.42%2.71%3.05%2.49%2.31%2.70%2.23%2.48%2.37%1.11%0.54%
XMMO
Invesco S&P MidCap Momentum ETF		0.70%0.78%0.34%0.80%1.43%0.41%0.61%0.60%0.19%0.21%0.22%0.64%

Drawdowns

QVMT vs. XMMO - Drawdown Comparison

The maximum QVMT drawdown since its inception was -48.05%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for QVMT and XMMO.

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Drawdown Indicators

QVMTXMMODifference

Max Drawdown

Largest peak-to-trough decline

-48.05%

-55.37%

+7.32%

Max Drawdown (1Y)

Largest decline over 1 year

-12.17%

-12.81%

+0.64%

Max Drawdown (5Y)

Largest decline over 5 years

-21.95%

-27.91%

+5.96%

Max Drawdown (10Y)

Largest decline over 10 years

-48.05%

-36.74%

-11.31%

Current Drawdown

Current decline from peak

-3.49%

-2.62%

-0.87%

Average Drawdown

Average peak-to-trough decline

-6.43%

-9.52%

+3.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.96%

2.70%

+0.26%

Volatility

QVMT vs. XMMO - Volatility Comparison

The current volatility for Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) is 4.26%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 9.04%. This indicates that QVMT experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QVMTXMMODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.26%

9.04%

-4.78%

Volatility (6M)

Calculated over the trailing 6-month period

9.49%

14.39%

-4.90%

Volatility (1Y)

Calculated over the trailing 1-year period

16.65%

22.03%

-5.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.34%

21.27%

-3.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.08%

22.11%

-1.03%