XCLR vs. QVMT
XCLR (Global X S&P 500 Collar 95-110 ETF) and QVMT (Invesco S&P S&P 500 Concentrated QVM ETF) are both exchange-traded funds - XCLR is a Equity Hedged fund tracking the Cboe S&P 500 3-Month Collar 95-110 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 3 years, XCLR returned 13.42%/yr vs 22.66%/yr for QVMT. A 0.64 correlation means they provide meaningful diversification when combined. XCLR charges 0.25%/yr vs 0.13%/yr for QVMT.
Performance
XCLR vs. QVMT - Performance Comparison
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Returns By Period
In the year-to-date period, XCLR achieves a 2.37% return, which is significantly lower than QVMT's 17.16% return.
XCLR
- 1D
- -0.05%
- 1M
- 2.04%
- YTD
- 2.37%
- 6M
- 2.16%
- 1Y
- 13.37%
- 3Y*
- 13.42%
- 5Y*
- —
- 10Y*
- —
QVMT
- 1D
- 0.22%
- 1M
- 5.11%
- YTD
- 17.16%
- 6M
- 19.76%
- 1Y
- 34.37%
- 3Y*
- 22.66%
- 5Y*
- 11.45%
- 10Y*
- 13.29%
XCLR vs. QVMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XCLR Global X S&P 500 Collar 95-110 ETF | 2.37% | 10.25% | 20.67% | 15.64% | -12.93% | 3.44% |
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 17.16% | 19.08% | 14.40% | 11.71% | -5.61% | 6.58% |
Correlation
The correlation between XCLR and QVMT is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021 | 0.64 |
The correlation between XCLR and QVMT shifts across timeframes, from 0.50 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XCLR vs. QVMT — Risk / Return Rank
XCLR
QVMT
XCLR vs. QVMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Collar 95-110 ETF (XCLR) 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.
| XCLR | QVMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.47 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 5.52 | -3.90 |
| Martin ratioReturn relative to average drawdown | 6.51 | 19.63 | -13.11 |
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
| XCLR | QVMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.77 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.59 | +0.14 |
Drawdowns
XCLR vs. QVMT - Drawdown Comparison
The maximum XCLR drawdown since its inception was -14.63%, smaller than the maximum QVMT drawdown of -48.05%. Use the drawdown chart below to compare losses from any high point for XCLR and QVMT.
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Drawdown Indicators
| XCLR | QVMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.63% | -48.05% | +33.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.29% | -6.25% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -12.46% | -14.42% | +1.96% |
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 | -0.05% | -0.46% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -6.34% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.76% | +0.30% |
Volatility
XCLR vs. QVMT - Volatility Comparison
The current volatility for Global X S&P 500 Collar 95-110 ETF (XCLR) is 0.61%, while Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) has a volatility of 3.13%. This indicates that XCLR 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
| XCLR | QVMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 3.13% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 6.18% | 8.96% | -2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.58% | 12.47% | -3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.44% | 17.28% | -6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 21.08% | -10.64% |
XCLR vs. QVMT - Expense Ratio Comparison
XCLR has a 0.25% expense ratio, which is higher than QVMT's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XCLR vs. QVMT - Dividend Comparison
XCLR's dividend yield for the trailing twelve months is around 12.85%, more than QVMT's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 2.06% | 2.42% | 2.71% | 3.05% | 2.49% | 2.31% | 2.70% | 2.23% | 2.48% | 2.37% | 1.11% | 0.54% |
XCLR Global X S&P 500 Collar 95-110 ETF | 12.85% | 13.15% | 18.76% | 1.40% | 1.01% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XCLR and QVMT have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QVMT has higher volatility (3.13%) compared to XCLR (0.61%). In terms of maximum drawdown, XCLR dropped -14.63% vs QVMT's -48.05%.
On 3-year performance, QVMT leads with 22.66% vs 13.42% for XCLR. On fees, QVMT is cheaper at 0.13% per year. On volatility, XCLR has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QVMT has performed better with a 22.66% return vs 13.42%. 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 0.25% for XCLR.
XCLR has the higher dividend yield at 12.85%, compared with 2.06% for QVMT.
XCLR is categorized as Equity Hedged, while QVMT is S&P 500. XCLR tracks Cboe S&P 500 3-Month Collar 95-110 Index, while QVMT tracks S&P 500 Quality, Value & Momentum Multi-factor Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.25% for XCLR and 0.13% for QVMT.
QVMT currently has the higher Sharpe Ratio (2.77 vs 1.57), 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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