QVMT vs. XTR
Compare and contrast key facts about Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) and Global X S&P 500 Tail Risk ETF (XTR).
QVMT and XTR 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. XTR is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 Tail Risk Index. It was launched on Aug 25, 2021. Both QVMT and XTR 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. XTR - Performance Comparison
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QVMT vs. XTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 5.51% | 19.08% | 14.40% | 11.71% | -5.61% | 6.58% |
XTR Global X S&P 500 Tail Risk ETF | -4.49% | 13.66% | 21.85% | 21.16% | -17.67% | 4.43% |
Returns By Period
In the year-to-date period, QVMT achieves a 5.51% return, which is significantly higher than XTR's -4.49% 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%
XTR
- 1D
- 0.55%
- 1M
- -4.87%
- YTD
- -4.49%
- 6M
- -3.05%
- 1Y
- 13.75%
- 3Y*
- 15.06%
- 5Y*
- —
- 10Y*
- —
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QVMT vs. XTR - Expense Ratio Comparison
QVMT has a 0.13% expense ratio, which is lower than XTR'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%.
Return for Risk
QVMT vs. XTR — Risk / Return Rank
QVMT
XTR
QVMT vs. XTR - 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 Tail Risk ETF (XTR). 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.
| QVMT | XTR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.05 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.53 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.65 | -0.11 |
Martin ratioReturn relative to average drawdown | 6.33 | 6.30 | +0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QVMT | XTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.05 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.52 | +0.02 |
Correlation
The correlation between QVMT and XTR is 0.67, 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. XTR - Dividend Comparison
QVMT's dividend yield for the trailing twelve months is around 2.28%, less than XTR's 18.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XTR Global X S&P 500 Tail Risk ETF | 18.66% | 17.82% | 20.89% | 1.09% | 1.08% | 2.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QVMT vs. XTR - Drawdown Comparison
The maximum QVMT drawdown since its inception was -48.05%, which is greater than XTR's maximum drawdown of -20.83%. Use the drawdown chart below to compare losses from any high point for QVMT and XTR.
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Drawdown Indicators
| QVMT | XTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.05% | -20.83% | -27.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -8.51% | -3.66% |
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 | -3.49% | -6.17% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -6.43% | -6.13% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.23% | +0.73% |
Volatility
QVMT vs. XTR - Volatility Comparison
Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) and Global X S&P 500 Tail Risk ETF (XTR) have volatilities of 4.26% and 4.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QVMT | XTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 4.24% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 8.29% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 13.17% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 13.87% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 13.87% | +7.21% |