QVMS vs VYM
Invesco S&P SmallCap 600 QVM Multi-factor ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. QVMS delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | QVMS | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.04% | |
| AUM | $258M | $81.6B | |
| Dividend Yield | 1.15% | 2.24% | |
| Holdings | 543 | 616 | |
| YTD Return | +21.57% | +15.42% | |
| 1Y Return | +25.31% | +22.36% | |
| 3Y Return (annualized) | +16.22% | +19.06% | |
| 5Y Return (annualized) | +8.32% | +12.20% | |
| Volatility (annualized) | 19.9% | 14.6% | |
| Max Drawdown | -28.4% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 28, 2021 | Nov 10, 2006 |
QVMS vs VYM Performance
Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year QVMS returned +25.31% while VYM returned +22.36%. Year to date, QVMS is up 21.57% versus a gain of 15.42% for VYM.
Over three years, QVMS compounded at +16.22% per year against +19.06% for VYM; over five years the annualized figures are +8.32% and +12.20% respectively. Across the full 5-year window we track, QVMS has the edge at +7.77% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMS has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 14.6% 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 -28.4% for QVMS and -58.8% for VYM. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVMS charges 0.15% per year while VYM charges 0.04%. On a $10,000 position that is $15 vs $4 annually, a gap of $11 per year that compounds over a long holding period. On income, QVMS currently yields 1.15% against 2.24% for VYM.
Holdings Overlap
QVMS and VYM share 136 holdings out of 998 unique holdings combined, representing a 1.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QVMS or VYM?
QVMS has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, QVMS or VYM?
Over the past year QVMS returned +25.31% vs +22.36% for VYM, so QVMS leads on 1-year performance. Over the longest common window we track (5 years), QVMS annualized +7.77% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, QVMS or VYM?
QVMS has been the more volatile fund at 19.9% annualized versus 14.6% for VYM. Worst drawdown: QVMS -28.4% vs VYM -58.8%.
Should I hold both QVMS and VYM?
QVMS and VYM have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QVMS and VYM?
QVMS and VYM share 136 common holdings with a 1.8% weight overlap. Combined, they hold 998 unique securities.
Which pays a higher dividend, QVMS or VYM?
QVMS yields 1.15% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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