QVMS vs VYM
Invesco S&P SmallCap 600 QVM Multi-factor ETF vs Vanguard High Dividend Yield ETF
Which is better, QVMS or VYM?
Small Cap Blend against Large Cap Value.
VYM has a lower expense ratio. QVMS led over 1Y, VYM over 3Y, 5Y and the full window. QVMS is less concentrated, with 6.1% of the fund in its ten largest positions against 25.9%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.15% | 0.04%Best |
| AUM | $245M | $81.6B |
| Dividend Yield | 1.15% | 2.22% |
| Holdings | 543 | 613 |
| YTD Return | +18.15%Best | +13.91% |
| 1Y Return | +19.21%Best | +17.57% |
| 3Y Return (annualized) | +15.52% | +18.12%Best |
| 5Y Return (annualized) | +7.91% | +12.17%Best |
| Volatility (annualized) | 19.8% | 13.5%Best |
| Max Drawdown | -28.4% | -15.8%Best |
| $10,000 over 5 years | $14,632 | $17,758Best |
| Top 10 Weight | 6.1%Best | 25.9% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small 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 Sep 11, 2026 (5.2 years).
QVMS 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 5.2 years both funds cover.
QVMS vs VYM Performance
Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year QVMS returned +19.21% while VYM returned +17.57%. Year to date, QVMS is up 18.15% versus a gain of 13.91% for VYM.
Over three years, QVMS compounded at +15.52% per year against +18.12% for VYM; over five years the annualized figures are +7.91% and +12.17% 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 13.5% 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 -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 0.84. 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 2.22% for VYM.
Holdings Overlap
27.7% of QVMS's money is in holdings VYM also owns. 1.8% of VYM's money is in holdings QVMS also owns.
QVMS and VYM share little of their money.
138 positions in common, counted across the 521 positions we hold weights for in QVMS and 603 in VYM, against full books of 543 and 613.
What only one of them owns
Our book lists 439 positions for VYM that do not appear in our book for QVMS (95.7% of the fund), and 369 for QVMS that do not appear in VYM (68.6%).
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 VYM | Difference |
|---|---|---|---|
| JXNJackson Financial Inc USD | 0.56% | 0.03% | 0.53% |
| EMNEastman Chemical Co. | 0.55% | 0.03% | 0.52% |
| LNCLincoln National Corp. | 0.48% | 0.03% | 0.45% |
| LWLamb Weston Holdings Inc | 0.45% | 0.02% | 0.43% |
| MKTXMarketaxess Holdings Inc | 0.42% | 0.02% | 0.40% |
| SMSm Energy Co | 0.41% | 0.03% | 0.38% |
| LKQLkq Corp. | 0.41% | 0.03% | 0.38% |
| AROCArchrock, Inc. | 0.37% | 0.03% | 0.34% |
| AUBAtlantic Union Bankshares Corp Common Stock USD 1.33 | 0.37% | 0.02% | 0.35% |
| IRDMIridium Communications Inc | 0.36% | 0.02% | 0.34% |
27.7% of QVMS is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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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, by $11 a year on a $10,000 investment.
Which performed better, QVMS or VYM?
Over the past year QVMS returned +19.21% vs +17.57% for VYM, 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 VYM?
QVMS has been the more volatile fund at 19.8% annualized versus 13.5% for VYM. Worst drawdown: QVMS -28.4% vs VYM -15.8%.
Should I hold both QVMS and VYM?
QVMS and VYM have a monthly-return correlation of 0.84, 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 VYM?
27.7% of QVMS's money is in holdings VYM also owns. 1.8% of VYM's is in holdings QVMS also owns. They hold 138 positions in common, counted across the 521 positions we hold weights for in QVMS and 603 in VYM.
Which pays a higher dividend, QVMS or VYM?
QVMS yields 1.15% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than QVMS?
VYM has a lower expense ratio. QVMS led over 1Y, VYM over 3Y, 5Y and the full window. QVMS is less concentrated, with 6.1% of the fund in its ten largest positions against 25.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.