QVML vs VOO
Invesco S&P 500 QVM Multi-factor ETF vs Vanguard S&P 500 ETF
Which is better, QVML or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. QVML led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 44.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QVML | VOO |
|---|---|---|
| Expense Ratio | 0.11% | 0.03%Best |
| AUM | $1.6B | $997.4B |
| Dividend Yield | 0.99% | 1.04% |
| Holdings | 453 | 509 |
| YTD Return | +13.66%Best | +12.50% |
| 1Y Return | +18.17%Best | +17.58% |
| 3Y Return (annualized) | +21.69%Best | +21.27% |
| 5Y Return (annualized) | +13.18%Best | +12.95% |
| Volatility (annualized) | 15.2%Best | 15.5% |
| Max Drawdown | -23.5%Best | -24.5% |
| $10,000 over 5 years | $18,572Best | $18,384 |
| Top 10 Weight | 44.0% | 36.4%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 28, 2021 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Jun 30, 2021 to Sep 11, 2026 (5.2 years).
QVML vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.2 years both funds cover.
QVML vs VOO Performance
Invesco S&P 500 QVM Multi-factor ETF (QVML) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year QVML returned +18.17% while VOO returned +17.58%. Year to date, QVML is up 13.66% versus a gain of 12.50% for VOO.
Over three years, QVML compounded at +21.69% per year against +21.27% for VOO; over five years the annualized figures are +13.18% and +12.95% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 15.2% for QVML. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.5% for QVML and -24.5% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QVML charges 0.11% per year while VOO charges 0.03%. On a $10,000 position that is $11 vs $3 annually, a gap of $8 per year that compounds over a long holding period. On income, QVML currently yields 0.99% against 1.04% for VOO.
Holdings Overlap
97.7% of QVML's money is in holdings VOO also owns. 86.4% of VOO's money is in holdings QVML also owns.
Most of QVML is already inside VOO. Owning both mostly buys the same companies twice.
439 positions in common, counted across the 449 positions we hold weights for in QVML and 505 in VOO, against full books of 453 and 509.
What only one of them owns
Our book lists 59 positions for VOO that do not appear in our book for QVML (13.1% of the fund), and 4 for QVML that do not appear in VOO (0.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QVML | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.45% | 7.51% | 0.94% |
| AAPLApple, Inc | 7.57% | 6.59% | 0.98% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.96% | 4.30% | 1.66% |
| GOOGAlphabet Inc | 6.58% | 2.59% | 3.99% |
| AMZNAmazon.Com Inc | 4.81% | 3.62% | 1.19% |
| AVGOBroadcom Inc | 3.72% | 2.77% | 0.95% |
| METAMeta Platforms, Inc. | 2.23% | 1.92% | 0.31% |
| MUMicron Technology, Inc. | 1.71% | 2.02% | 0.31% |
| BRK.BBerkshire Hathaway B | 1.46% | 1.42% | 0.04% |
| LLYEli Lilly & Co. | 1.34% | 1.47% | 0.13% |
97.7% of QVML is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QVML or VOO?
QVML has an expense ratio of 0.11% while VOO charges 0.03%. VOO is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, QVML or VOO?
Over the past year QVML returned +18.17% vs +17.58% for VOO, so QVML leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QVML or VOO?
VOO has been the more volatile fund at 15.5% annualized versus 15.2% for QVML. Worst drawdown: QVML -23.5% vs VOO -24.5%.
Should I hold both QVML and VOO?
QVML and VOO have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QVML and VOO?
97.7% of QVML's money is in holdings VOO also owns. 86.4% of VOO's is in holdings QVML also owns. They hold 439 positions in common, counted across the 449 positions we hold weights for in QVML and 505 in VOO.
Which pays a higher dividend, QVML or VOO?
QVML yields 0.99% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than QVML?
VOO has a lower expense ratio. QVML led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 44.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.