QVML vs VTI
Invesco S&P 500 QVM Multi-factor ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | QVML | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.11% | 0.03% | |
| AUM | $1.6B | $666.9B | |
| Dividend Yield | 1.02% | 1.07% | |
| Holdings | 453 | 3,543 | |
| YTD Return | +13.42% | +13.14% | |
| 1Y Return | +21.62% | +22.35% | |
| 3Y Return (annualized) | +22.19% | +21.83% | |
| 5Y Return (annualized) | +13.07% | +12.01% | |
| Volatility (annualized) | 15.3% | 15.3% | |
| Max Drawdown | -23.5% | -56.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 28, 2021 | May 24, 2001 |
QVML vs VTI Performance
Invesco S&P 500 QVM Multi-factor ETF (QVML) is a ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year QVML returned +21.62% while VTI returned +22.35%. Year to date, QVML is up 13.42% versus a gain of 13.14% for VTI.
Over three years, QVML compounded at +22.19% per year against +21.83% for VTI; over five years the annualized figures are +13.07% and +12.01% respectively. Across the full 5-year window we track, QVML has the edge at +13.63% annualized vs +8.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 15.3% 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 -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 VTI 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 1.02% against 1.07% for VTI.
Holdings Overlap
QVML and VTI share 411 holdings out of 2823 unique holdings combined, representing a 73.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, QVML or VTI?
QVML has an expense ratio of 0.11% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $8 per year of difference.
Which performed better, QVML or VTI?
Over the past year QVML returned +21.62% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (5 years), QVML annualized +13.63% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, QVML or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 15.3% for QVML. Worst drawdown: QVML -23.5% vs VTI -56.6%.
Should I hold both QVML and VTI?
QVML and VTI have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QVML and VTI?
QVML and VTI share 411 common holdings with a 73.4% weight overlap. Combined, they hold 2823 unique securities.
Which pays a higher dividend, QVML or VTI?
QVML yields 1.02% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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