XTR vs. QVMT
Compare and contrast key facts about Global X S&P 500 Tail Risk ETF (XTR) and Invesco S&P S&P 500 Concentrated QVM ETF (QVMT).
XTR and QVMT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTR is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 Tail Risk Index. It was launched on Aug 25, 2021. 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 XTR 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
XTR vs. QVMT - Performance Comparison
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XTR vs. QVMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XTR Global X S&P 500 Tail Risk ETF | -4.49% | 13.66% | 21.85% | 21.16% | -17.67% | 4.43% |
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 5.51% | 19.08% | 14.40% | 11.71% | -5.61% | 6.58% |
Returns By Period
In the year-to-date period, XTR achieves a -4.49% return, which is significantly lower than QVMT's 5.51% return.
XTR
- 1D
- 0.55%
- 1M
- -4.87%
- YTD
- -4.49%
- 6M
- -3.05%
- 1Y
- 13.75%
- 3Y*
- 15.06%
- 5Y*
- —
- 10Y*
- —
QVMT
- 1D
- 0.76%
- 1M
- -3.49%
- YTD
- 5.51%
- 6M
- 10.86%
- 1Y
- 18.92%
- 3Y*
- 17.49%
- 5Y*
- 11.27%
- 10Y*
- 12.17%
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XTR vs. QVMT - Expense Ratio Comparison
XTR 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%.
Return for Risk
XTR vs. QVMT — Risk / Return Rank
XTR
QVMT
XTR vs. QVMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Tail Risk ETF (XTR) 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.
| XTR | QVMT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 1.14 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.61 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.54 | +0.11 |
Martin ratioReturn relative to average drawdown | 6.30 | 6.33 | -0.03 |
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
| XTR | QVMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.14 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.54 | -0.02 |
Correlation
The correlation between XTR and QVMT is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
XTR vs. QVMT - Dividend Comparison
XTR's dividend yield for the trailing twelve months is around 18.66%, more than QVMT's 2.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XTR Global X S&P 500 Tail Risk ETF | 18.66% | 17.82% | 20.89% | 1.09% | 1.08% | 2.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 2.28% | 2.42% | 2.71% | 3.05% | 2.49% | 2.31% | 2.70% | 2.23% | 2.48% | 2.37% | 1.11% | 0.54% |
Drawdowns
XTR vs. QVMT - Drawdown Comparison
The maximum XTR drawdown since its inception was -20.83%, smaller than the maximum QVMT drawdown of -48.05%. Use the drawdown chart below to compare losses from any high point for XTR and QVMT.
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Drawdown Indicators
| XTR | QVMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.83% | -48.05% | +27.22% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -12.17% | +3.66% |
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 | -6.17% | -3.49% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -6.43% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.96% | -0.73% |
Volatility
XTR vs. QVMT - Volatility Comparison
Global X S&P 500 Tail Risk ETF (XTR) and Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) have volatilities of 4.24% and 4.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTR | QVMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 4.26% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.29% | 9.49% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 16.65% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.87% | 17.34% | -3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.87% | 21.08% | -7.21% |