RSPM vs. QVMT
RSPM (Invesco S&P 500® Equal Weight Materials ETF) and QVMT (Invesco S&P S&P 500 Concentrated QVM ETF) are both exchange-traded funds - RSPM is a Materials fund tracking the S&P 500 Equal Weight Materials Index, while QVMT is a S&P 500 fund tracking the S&P 500 Quality, Value & Momentum Multi-factor Index. Both are passively managed. Over the past 10 years, RSPM returned 10.47%/yr vs 12.55%/yr for QVMT. Their 0.72 correlation means they have sometimes moved together and sometimes differently. RSPM charges 0.40%/yr vs 0.13%/yr for QVMT.
Performance
RSPM vs. QVMT - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RSPM having a 15.29% return and QVMT slightly lower at 14.62%. Over the past 10 years, RSPM has underperformed QVMT with an annualized return of 10.47%, while QVMT has yielded a comparatively higher 12.55% annualized return.
RSPM
- 1D
- -1.90%
- 1M
- -1.05%
- 6M
- 5.52%
- YTD
- 15.29%
- 1Y
- 24.72%
- 3Y*
- 6.92%
- 5Y*
- 5.37%
- 10Y*
- 10.47%
- ALL TIME*
- 9.22%
QVMT
- 1D
- -0.50%
- 1M
- -2.65%
- 6M
- 11.45%
- YTD
- 14.62%
- 1Y
- 32.14%
- 3Y*
- 17.87%
- 5Y*
- 12.30%
- 10Y*
- 12.55%
- ALL TIME*
- 11.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $936.15K | $987.45K | $703.91K | |
| $1.60M | $1.26M | $779.50K |
RSPM vs. QVMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSPM Invesco S&P 500® Equal Weight Materials ETF | 15.29% | 6.90% | -1.30% | 8.32% | -9.95% | 31.21% | 22.77% | 25.11% | -14.75% | 25.87% |
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 14.62% | 19.08% | 14.40% | 11.71% | -5.61% | 35.27% | -9.98% | 28.86% | -9.51% | 18.77% |
Correlation
The correlation between RSPM and QVMT is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.72 |
The correlation between RSPM and QVMT shifts across timeframes, from 0.52 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RSPM vs. QVMT — Risk / Return Rank
RSPM
QVMT
RSPM vs. QVMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Materials ETF (RSPM) and Invesco S&P S&P 500 Concentrated QVM ETF (QVMT). 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.
| RSPM | QVMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.35 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 3.27 | -1.46 |
| Martin ratioReturn relative to average drawdown | 5.41 | 13.45 | -8.03 |
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Drawdowns
RSPM vs. QVMT - Drawdown Comparison
The maximum RSPM drawdown since its inception was -61.18%, which is greater than QVMT's maximum drawdown of -48.05%. Use the drawdown chart below to compare losses from any high point for RSPM and QVMT.
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Drawdown Indicators
| RSPM | QVMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.18% | -48.05% | -13.13% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -9.23% | -3.09% |
Max Drawdown (3Y)Largest decline over 3 years | -27.19% | -14.42% | -12.77% |
Max Drawdown (5Y)Largest decline over 5 years | -27.19% | -21.95% | -5.24% |
Max Drawdown (10Y)Largest decline over 10 years | -39.84% | -48.05% | +8.21% |
Current DrawdownCurrent decline from peak | -4.53% | -7.15% | +2.62% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -6.29% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 2.25% | +1.87% |
Volatility
RSPM vs. QVMT - Volatility Comparison
The current volatility for Invesco S&P 500® Equal Weight Materials ETF (RSPM) is 5.87%, while Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) has a volatility of 6.32%. This indicates that RSPM experiences smaller price fluctuations and is considered to be less risky than QVMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPM | QVMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 6.32% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.48% | 12.06% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 14.90% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.24% | 17.52% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 21.22% | +0.68% |
RSPM vs. QVMT - Expense Ratio Comparison
RSPM has a 0.40% expense ratio, which is higher than QVMT's 0.13% expense ratio.
Dividends
RSPM vs. QVMT - Dividend Comparison
RSPM's dividend yield for the trailing twelve months is around 1.77%, less than QVMT's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 1.90% | 2.42% | 2.71% | 3.05% | 2.49% | 2.31% | 2.70% | 2.23% | 2.48% | 2.37% | 1.11% | 0.54% |
RSPM Invesco S&P 500® Equal Weight Materials ETF | 1.77% | 2.06% | 2.04% | 2.05% | 2.19% | 1.43% | 1.57% | 1.81% | 1.83% | 1.50% | 1.28% | 1.57% |
Frequently Asked Questions
RSPM and QVMT have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QVMT has higher volatility (6.32%) compared to RSPM (5.87%). In terms of maximum drawdown, RSPM dropped -61.18% vs QVMT's -48.05%.
On 10-year performance, QVMT leads with 12.55% vs 10.47% for RSPM. On fees, QVMT is cheaper at 0.13% per year. On volatility, RSPM has been the lower-risk option at 5.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QVMT has performed better with a 12.55% return vs 10.47%. 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 0.40% for RSPM.
QVMT has the higher dividend yield at 1.90%, compared with 1.77% for RSPM.
RSPM is categorized as Materials, while QVMT is S&P 500. RSPM tracks S&P 500 Equal Weight Materials Index, while QVMT tracks S&P 500 Quality, Value & Momentum Multi-factor Index. Their fees differ too: 0.40% for RSPM and 0.13% for QVMT.
QVMT currently has the higher Sharpe Ratio (2.04 vs 1.19), 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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