QVOY vs. VSMV
QVOY (Q3 All-Season Active Rotation ETF) and VSMV (VictoryShares US Multi-Factor Minimum Volatility ETF) are both exchange-traded funds - QVOY is a Diversified Portfolio fund actively managed by Q3, while VSMV is a Volatility Hedged Equity fund tracking the Nasdaq Victory Multi-Factor Minimum Volatility Index. QVOY is actively managed, while VSMV is passively managed. Over the past 3 years, QVOY returned 13.27%/yr vs 15.74%/yr for VSMV. A 0.65 correlation means they provide meaningful diversification when combined. QVOY charges 1.30%/yr vs 0.35%/yr for VSMV.
Performance
QVOY vs. VSMV - Performance Comparison
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Returns By Period
In the year-to-date period, QVOY achieves a 13.62% return, which is significantly higher than VSMV's 7.57% return.
QVOY
- 1D
- -2.53%
- 1M
- 0.97%
- YTD
- 13.62%
- 6M
- 12.41%
- 1Y
- 29.37%
- 3Y*
- 13.27%
- 5Y*
- —
- 10Y*
- —
VSMV
- 1D
- -0.58%
- 1M
- -2.35%
- YTD
- 7.57%
- 6M
- 7.18%
- 1Y
- 22.71%
- 3Y*
- 15.74%
- 5Y*
- 11.19%
- 10Y*
- —
QVOY vs. VSMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QVOY Q3 All-Season Active Rotation ETF | 13.62% | 16.45% | 1.55% | 17.19% | -0.99% |
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF | 7.57% | 16.77% | 15.79% | 12.34% | -1.70% |
Correlation
The correlation between QVOY and VSMV is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2022 | 0.65 |
The correlation between QVOY and VSMV shifts across timeframes, from 0.54 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QVOY vs. VSMV — Risk / Return Rank
QVOY
VSMV
QVOY vs. VSMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Q3 All-Season Active Rotation ETF (QVOY) and VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV). 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.
| QVOY | VSMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.45 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 4.40 | -1.26 |
| Martin ratioReturn relative to average drawdown | 9.30 | 16.31 | -7.01 |
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Drawdowns
QVOY vs. VSMV - Drawdown Comparison
The maximum QVOY drawdown since its inception was -17.05%, smaller than the maximum VSMV drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for QVOY and VSMV.
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Drawdown Indicators
| QVOY | VSMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.05% | -31.33% | +14.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -5.18% | -4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.05% | -13.22% | -3.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.96% | — |
Current DrawdownCurrent decline from peak | -3.98% | -2.59% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -3.40% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 1.40% | +1.77% |
Volatility
QVOY vs. VSMV - Volatility Comparison
Q3 All-Season Active Rotation ETF (QVOY) has a higher volatility of 8.12% compared to VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) at 3.31%. This indicates that QVOY's price experiences larger fluctuations and is considered to be riskier than VSMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QVOY | VSMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 3.31% | +4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 14.50% | 6.71% | +7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.45% | 9.30% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 12.88% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 15.02% | +0.31% |
QVOY vs. VSMV - Expense Ratio Comparison
QVOY has a 1.30% expense ratio, which is higher than VSMV's 0.35% expense ratio.
Dividends
QVOY vs. VSMV - Dividend Comparison
QVOY's dividend yield for the trailing twelve months is around 8.19%, more than VSMV's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QVOY Q3 All-Season Active Rotation ETF | 8.19% | 9.30% | 10.88% | 6.03% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF | 1.37% | 1.35% | 1.36% | 1.77% | 1.99% | 1.36% | 2.01% | 2.00% | 2.42% | 1.11% |
Frequently Asked Questions
QVOY and VSMV have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QVOY has higher volatility (8.12%) compared to VSMV (3.31%). In terms of maximum drawdown, QVOY dropped -17.05% vs VSMV's -31.33%.
On 3-year performance, VSMV leads with 15.74% vs 13.27% for QVOY. On fees, VSMV is cheaper at 0.35% per year. On volatility, VSMV has been the lower-risk option at 3.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VSMV has performed better with a 15.74% return vs 13.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VSMV is cheaper with a 0.35% expense ratio, compared with 1.30% for QVOY.
QVOY has the higher dividend yield at 8.19%, compared with 1.37% for VSMV.
QVOY is categorized as Diversified Portfolio, while VSMV is Volatility Hedged Equity. They also come from different issuers: Q3 and Crestview. Their fees differ too: 1.30% for QVOY and 0.35% for VSMV.
VSMV currently has the higher Sharpe Ratio (2.46 vs 1.69), 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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