XMVM vs. QRSVX
XMVM (Invesco S&P MidCap Value with Momentum ETF) and QRSVX (FPA Queens Road Small Cap Value Fund Investor Class) are both funds - XMVM is a Momentum fund tracking the S&P MidCap 400 High Momentum Value Index, while QRSVX is a Small Cap Value Equities fund tracking the Russell 2000 Value. Both are passively managed. Over the past 5 years, XMVM returned 12.87%/yr vs 12.24%/yr for QRSVX. Their correlation of 0.89 means they have usually moved in the same direction. XMVM charges 0.39%/yr vs 0.94%/yr for QRSVX.
Performance
XMVM vs. QRSVX - Performance Comparison
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Returns By Period
In the year-to-date period, XMVM achieves a 18.13% return, which is significantly lower than QRSVX's 26.17% return.
XMVM
- 1D
- 0.59%
- 1M
- 5.73%
- 6M
- 13.53%
- YTD
- 18.13%
- 1Y
- 39.09%
- 3Y*
- 18.08%
- 5Y*
- 12.87%
- 10Y*
- 12.28%
- ALL TIME*
- 9.73%
QRSVX
- 1D
- -0.04%
- 1M
- 0.55%
- 6M
- 17.94%
- YTD
- 26.17%
- 1Y
- 33.49%
- 3Y*
- 19.08%
- 5Y*
- 12.24%
- 10Y*
- —
- ALL TIME*
- 14.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.19M | $2.07M | $1.98M |
XMVM vs. QRSVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XMVM Invesco S&P MidCap Value with Momentum ETF | 18.13% | 18.46% | 11.73% | 16.31% | -8.21% | 35.15% | 1.48% |
QRSVX FPA Queens Road Small Cap Value Fund Investor Class | 26.17% | 13.37% | 10.72% | 16.04% | -9.14% | 23.16% | 2.50% |
Correlation
The correlation between XMVM and QRSVX is 0.72, 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. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020 | 0.89 |
The correlation between XMVM and QRSVX shifts across timeframes, from 0.72 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMVM vs. QRSVX — Risk / Return Rank
XMVM
QRSVX
XMVM vs. QRSVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Value with Momentum ETF (XMVM) and FPA Queens Road Small Cap Value Fund Investor Class (QRSVX). 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.
| XMVM | QRSVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.38 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 3.99 | +0.29 |
| Martin ratioReturn relative to average drawdown | 13.71 | 14.11 | -0.40 |
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Drawdowns
XMVM vs. QRSVX - Drawdown Comparison
The maximum XMVM drawdown since its inception was -62.83%, which is greater than QRSVX's maximum drawdown of -20.59%. Use the drawdown chart below to compare losses from any high point for XMVM and QRSVX.
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Drawdown Indicators
| XMVM | QRSVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.83% | -20.59% | -42.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -7.93% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -24.12% | -18.91% | -5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -24.12% | -20.59% | -3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -45.07% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -1.18% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -4.78% | -5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.24% | +0.62% |
Volatility
XMVM vs. QRSVX - Volatility Comparison
Invesco S&P MidCap Value with Momentum ETF (XMVM) has a higher volatility of 3.30% compared to FPA Queens Road Small Cap Value Fund Investor Class (QRSVX) at 3.08%. This indicates that XMVM's price experiences larger fluctuations and is considered to be riskier than QRSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMVM | QRSVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 3.08% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 10.21% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 15.10% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.24% | 17.41% | +3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.74% | 17.35% | +5.39% |
XMVM vs. QRSVX - Expense Ratio Comparison
XMVM has a 0.39% expense ratio, which is lower than QRSVX's 0.94% expense ratio.
Dividends
XMVM vs. QRSVX - Dividend Comparison
XMVM's dividend yield for the trailing twelve months is around 1.78%, less than QRSVX's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QRSVX FPA Queens Road Small Cap Value Fund Investor Class | 3.52% | 4.45% | 4.86% | 2.56% | 2.07% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMVM Invesco S&P MidCap Value with Momentum ETF | 1.78% | 2.07% | 1.43% | 1.57% | 1.76% | 1.10% | 1.37% | 1.73% | 2.87% | 2.22% | 2.27% | 2.58% |
Frequently Asked Questions
XMVM and QRSVX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XMVM has higher volatility (3.30%) compared to QRSVX (3.08%). In terms of maximum drawdown, XMVM dropped -62.83% vs QRSVX's -20.59%.
XMVM currently has the higher Sharpe Ratio (2.67 vs 2.09), 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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