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SPVM vs. QVMT
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SPVM vs. QVMT

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P 500 Value with Momentum ETF (SPVM) and Invesco S&P S&P 500 Concentrated QVM ETF (QVMT).

SPVM and QVMT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPVM is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Momentum Value Index. It was launched on Jun 16, 2011. 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. Both SPVM and QVMT 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

SPVM vs. QVMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Value with Momentum ETF (SPVM) and Invesco S&P S&P 500 Concentrated QVM ETF (QVMT). The values are adjusted to include any dividend payments, if applicable.

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SPVM vs. QVMT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPVM
Invesco S&P 500 Value with Momentum ETF		2.19%20.47%15.64%5.53%-2.10%28.86%-3.18%29.33%-9.17%14.70%
QVMT
Invesco S&P S&P 500 Concentrated QVM ETF		4.72%19.08%14.40%11.71%-5.61%35.27%-9.98%28.86%-9.51%18.77%

Returns By Period

In the year-to-date period, SPVM achieves a 2.19% return, which is significantly lower than QVMT's 4.72% return. Both investments have delivered pretty close results over the past 10 years, with SPVM having a 11.59% annualized return and QVMT not far ahead at 12.08%.

SPVM

1D
1.49%
1M
-3.93%
YTD
2.19%
6M
5.84%
1Y
22.71%
3Y*
15.71%
5Y*
10.53%
10Y*
11.59%

QVMT

1D
2.18%
1M
-3.92%
YTD
4.72%
6M
9.66%
1Y
17.82%
3Y*
17.19%
5Y*
11.10%
10Y*
12.08%
*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 500 Value with Momentum ETF

Invesco S&P S&P 500 Concentrated QVM ETF

Often compared with SPVM:
SPVM vs. SPMOSPVM vs. SPYSPVM vs. SCHDSPVM vs. MTUMSPVM vs. VOOSPVM vs. VTVSPVM vs. RPV
Often compared with QVMT:
QVMT vs. IGMQVMT vs. XCLRQVMT vs. SPMOQVMT vs. QDIVQVMT vs. IVVQVMT vs. VOOQVMT vs. PHDG

SPVM vs. QVMT - Expense Ratio Comparison

SPVM has a 0.39% expense ratio, which is higher than QVMT's 0.13% expense ratio.

SPVM
Invesco S&P 500 Value with Momentum ETF
QVMT
Invesco S&P S&P 500 Concentrated QVM ETF

Return for Risk

SPVM vs. QVMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPVM
SPVM Risk / Return Rank: 7878
Overall Rank
SPVM Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
SPVM Sortino Ratio Rank: 7878
Sortino Ratio Rank
SPVM Omega Ratio Rank: 7676
Omega Ratio Rank
SPVM Calmar Ratio Rank: 7777
Calmar Ratio Rank
SPVM Martin Ratio Rank: 8484
Martin Ratio Rank
QVMT
QVMT Risk / Return Rank: 5959
Overall Rank
QVMT Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
QVMT Sortino Ratio Rank: 5757
Sortino Ratio Rank
QVMT Omega Ratio Rank: 5656
Omega Ratio Rank
QVMT Calmar Ratio Rank: 6060
Calmar Ratio Rank
QVMT Martin Ratio Rank: 6363
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.

SPVM vs. QVMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Value with Momentum ETF (SPVM) 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.

SPVMQVMTDifference

Sharpe ratio

Return per unit of total volatility

1.37

1.08

+0.29

Sortino ratio

Return per unit of downside risk

1.94

1.53

+0.41

Omega ratio

Gain probability vs. loss probability

1.28

1.22

+0.06

Calmar ratio

Return relative to maximum drawdown

1.95

1.57

+0.38

Martin ratio

Return relative to average drawdown

9.14

6.47

+2.67

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPVM vs. QVMT - Sharpe Ratio Comparison

The current SPVM Sharpe Ratio is 1.37, which is comparable to the QVMT Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of SPVM and QVMT, 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

SPVMQVMTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.37

1.08

+0.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

0.64

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

0.57

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.61

0.54

+0.07

Correlation

The correlation between SPVM and QVMT is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SPVM vs. QVMT - Dividend Comparison

SPVM's dividend yield for the trailing twelve months is around 2.03%, less than QVMT's 2.30% yield.

TTM20252024202320222021202020192018201720162015
SPVM
Invesco S&P 500 Value with Momentum ETF		2.03%2.02%1.91%2.45%2.33%1.41%2.11%2.40%3.10%1.68%2.80%2.67%
QVMT
Invesco S&P S&P 500 Concentrated QVM ETF		2.30%2.42%2.71%3.05%2.49%2.31%2.70%2.23%2.48%2.37%1.11%0.54%

Drawdowns

SPVM vs. QVMT - Drawdown Comparison

The maximum SPVM drawdown since its inception was -45.35%, smaller than the maximum QVMT drawdown of -48.05%. Use the drawdown chart below to compare losses from any high point for SPVM and QVMT.

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Drawdown Indicators

SPVMQVMTDifference

Max Drawdown

Largest peak-to-trough decline

-45.35%

-48.05%

+2.70%

Max Drawdown (1Y)

Largest decline over 1 year

-12.37%

-12.17%

-0.20%

Max Drawdown (5Y)

Largest decline over 5 years

-19.48%

-21.95%

+2.47%

Max Drawdown (10Y)

Largest decline over 10 years

-45.35%

-48.05%

+2.70%

Current Drawdown

Current decline from peak

-4.34%

-4.21%

-0.13%

Average Drawdown

Average peak-to-trough decline

-5.03%

-6.44%

+1.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.64%

2.95%

-0.31%

Volatility

SPVM vs. QVMT - Volatility Comparison

The current volatility for Invesco S&P 500 Value with Momentum ETF (SPVM) is 3.55%, while Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) has a volatility of 4.36%. This indicates that SPVM 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

SPVMQVMTDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.55%

4.36%

-0.81%

Volatility (6M)

Calculated over the trailing 6-month period

8.53%

9.47%

-0.94%

Volatility (1Y)

Calculated over the trailing 1-year period

16.68%

16.67%

+0.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.85%

17.34%

-0.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.59%

21.08%

-1.49%