QVML vs VYM
Invesco S&P 500 QVM Multi-factor ETF vs Vanguard High Dividend Yield ETF
Which is better, QVML or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. QVML led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 43.8%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.11% | 0.04%Best |
| AUM | $1.7B | $83.1B |
| Dividend Yield | 0.99% | 2.22% |
| Holdings | 877 | 608 |
| YTD Return | +14.43%Best | +10.00% |
| 1Y Return | +16.92%Best | +13.75% |
| 3Y Return (annualized) | +24.06%Best | +18.81% |
| 5Y Return (annualized) | +14.16%Best | +11.63% |
| Volatility (annualized) | 15.1% | 13.6%Best |
| Max Drawdown | -23.5% | -15.8%Best |
| $10,000 over 5 years | $19,390Best | $17,334 |
| Top 10 Weight | 43.8% | 26.1%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jun 28, 2021 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Jun 30, 2021 to Oct 2, 2026 (5.3 years).
QVML vs VYM 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 5.3 years both funds cover.
QVML vs VYM Performance
Invesco S&P 500 QVM Multi-factor ETF (QVML) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year QVML returned +16.92% while VYM returned +13.75%. Year to date, QVML is up 14.43% versus a gain of 10.00% for VYM.
Over three years, QVML compounded at +24.06% per year against +18.81% for VYM; over five years the annualized figures are +14.16% and +11.63% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVML has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.6% for VYM. 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 -15.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVML charges 0.11% per year while VYM charges 0.04%. On a $10,000 position that is $11 vs $4 annually, a gap of $7 per year that compounds over a long holding period. On income, QVML currently yields 0.99% against 2.22% for VYM.
Holdings Overlap
33.6% of QVML's money is in holdings VYM also owns. 83.0% of VYM's money is in holdings QVML also owns.
Most of VYM is already inside QVML. Owning both mostly buys the same companies twice.
The two holdings books were reported 46 days apart, QVML as of Sep 15, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
226 positions in common, counted across the 436 positions we hold weights for in QVML and 557 in VYM, against full books of 877 and 608.
What only one of them owns
Our book lists 303 positions for VYM that do not appear in our book for QVML (14.3% of the fund), and 207 for QVML that do not appear in VYM (66.3%).
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 VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 3.26% | 7.35% | 4.09% |
| JPMJpmorgan Chase | 1.48% | 3.82% | 2.34% |
| XOMExxon Mobil Corp. | 1.07% | 2.63% | 1.56% |
| JNJJohnson & Johnson - Common | 0.97% | 2.51% | 1.54% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.71% | 1.86% | 1.15% |
| BACBank of America Corp.: Financials | 0.64% | 1.66% | 1.02% |
| CATCaterpillar, Inc. | 0.63% | 1.50% | 0.87% |
| CVXChevron Corp | 0.62% | 1.48% | 0.86% |
| UNHUnitedhealth Group, Inc. | 0.52% | 1.52% | 1.00% |
| PGProcter & Gamble Company | 0.56% | 1.37% | 0.81% |
83.0% of VYM is already inside QVML.
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 VYM?
QVML has an expense ratio of 0.11% while VYM charges 0.04%. VYM is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, QVML or VYM?
Over the past year QVML returned +16.92% vs +13.75% for VYM, 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 VYM?
QVML has been the more volatile fund at 15.1% annualized versus 13.6% for VYM. Worst drawdown: QVML -23.5% vs VYM -15.8%.
Should I hold both QVML and VYM?
QVML and VYM have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QVML and VYM?
83.0% of VYM's money is in holdings QVML also owns. 83.0% of VYM's is in holdings QVML also owns. They hold 226 positions in common, counted across the 436 positions we hold weights for in QVML and 557 in VYM.
Which pays a higher dividend, QVML or VYM?
QVML yields 0.99% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than QVML?
VYM has a lower expense ratio. QVML led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 43.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.