QVMS vs VTI
Invesco S&P SmallCap 600 QVM Multi-factor ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, QVMS or VTI?
Small Cap Blend against Large Cap Blend.
VTI has a lower expense ratio. QVMS led over 1Y, VTI over 3Y, 5Y and the full window. QVMS is less concentrated, with 6.2% of the fund in its ten largest positions against 33.3%.
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 | QVMS | VTI |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $245M | $666.9B |
| Dividend Yield | 1.15% | 1.03% |
| Holdings | 543 | 3,543 |
| YTD Return | +17.08%Best | +12.08% |
| 1Y Return | +19.80%Best | +16.31% |
| 3Y Return (annualized) | +15.13% | +20.83%Best |
| 5Y Return (annualized) | +8.00% | +11.89%Best |
| Volatility (annualized) | 19.8% | 15.8%Best |
| Max Drawdown | -28.4% | -25.4%Best |
| $10,000 over 5 years | $14,693 | $17,537Best |
| Top 10 Weight | 6.2%Best | 33.3% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Blend |
| Inception | Jun 28, 2021 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Jun 30, 2021 to Sep 14, 2026 (5.2 years).
QVMS vs VTI 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.
QVMS vs VTI Performance
Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year QVMS returned +19.80% while VTI returned +16.31%. Year to date, QVMS is up 17.08% versus a gain of 12.08% for VTI.
Over three years, QVMS compounded at +15.13% per year against +20.83% for VTI; over five years the annualized figures are +8.00% and +11.89% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMS has been the more volatile fund, with annualized monthly volatility of 19.8% compared with 15.8% for VTI. 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 -28.4% for QVMS and -25.4% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVMS charges 0.15% per year while VTI charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, QVMS currently yields 1.15% against 1.03% for VTI.
Holdings Overlap
97.3% of QVMS's money is in holdings VTI also owns. 1.6% of VTI's money is in holdings QVMS also owns.
Most of QVMS is already inside VTI. Owning both mostly buys the same companies twice.
510 positions in common, counted across the 523 positions we hold weights for in QVMS and 3,463 in VTI, against full books of 543 and 3,543.
What only one of them owns
Our book lists 998 positions for VTI that do not appear in our book for QVMS (95.9% of the fund), and 10 for QVMS that do not appear in VTI (1.4%).
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 QVMS | Weight in VTI | Difference |
|---|---|---|---|
| VSATViasat Inc | 0.77% | 0.01% | 0.76% |
| PAYCPaycom Software Inc . | 0.77% | 0.01% | 0.76% |
| EATBrinker International, Inc. | 0.62% | 0.01% | 0.61% |
| CORTCorcept Therapeutics Incorporated | 0.61% | 0.01% | 0.60% |
| JXNJackson Financial Inc USD | 0.59% | 0.01% | 0.58% |
| EMNEastman Chemical Co. | 0.57% | 0.01% | 0.56% |
| QRVOQorvo Inc_None_0 | 0.57% | 0.01% | 0.56% |
| ESIElement Solutions Inc | 0.56% | 0.01% | 0.55% |
| GKOSGlaukos Corp. | 0.56% | 0.01% | 0.55% |
| FORMFormfactor, Inc. | 0.54% | 0.01% | 0.53% |
97.3% of QVMS is already inside VTI.
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, QVMS or VTI?
QVMS has an expense ratio of 0.15% while VTI charges 0.03%. VTI is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, QVMS or VTI?
Over the past year QVMS returned +19.80% vs +16.31% for VTI, so QVMS leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QVMS or VTI?
QVMS has been the more volatile fund at 19.8% annualized versus 15.8% for VTI. Worst drawdown: QVMS -28.4% vs VTI -25.4%.
Should I hold both QVMS and VTI?
QVMS and VTI have a monthly-return correlation of 0.82, 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 QVMS and VTI?
97.3% of QVMS's money is in holdings VTI also owns. 1.6% of VTI's is in holdings QVMS also owns. They hold 510 positions in common, counted across the 523 positions we hold weights for in QVMS and 3,463 in VTI.
Which pays a higher dividend, QVMS or VTI?
QVMS yields 1.15% while VTI yields 1.03%, so QVMS currently pays the higher dividend yield.
Is VTI better than QVMS?
VTI has a lower expense ratio. QVMS led over 1Y, VTI over 3Y, 5Y and the full window. QVMS is less concentrated, with 6.2% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.