QVMS
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
199.5 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 30, 2021 |
| Assets (mns) | $200 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SPX TECHNOLOGIES INC | 2.5 % |
| CARPENTER TECHNOLOGY | 0.7 % |
| COMERICA INC | 0.7 % |
| ROBERT HALF INTL INC | 0.6 % |
| SPS COMMERCE INC | 0.6 % |
| GLAUKOS CORP | 0.6 % |
| ALLEGHENY TECHNOLOGIES INC | 0.6 % |
| ALASKA AIR GROUP INC | 0.6 % |
| VF CORP | 0.6 % |
| JACKSON FINANCIAL INCORPORATION CLASS A | 0.5 % |
Constituent Breakdown
| Number of holdings | 515 |
| Herfindahl-Hirschman Index | 33 |
| Wgt avg mkt cap (mns) | $2,933 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 69.4% |
| Small cap (<$2bn) | 30.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.2 % |
 |
BERMUDA | 0.9 % |
 |
PUERTO RICO | 0.6 % |
Historical Performance
Standardized Performance (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 3.0% | 18.0% | 4.8% | -- | -- | -- | 4.1% | Volatility | 19.3% | 20.2% | 19.9% | 21.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.06 | 67% |
| MSCI EAFE | 1.00 | 57% |
| MSCI Emg Mkts | 0.66 | 25% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.33% |
| ADV of underlying (mns) | $12,561 |
Technical Indicators
| Recent close | $27.34 |
| 30d moving avg. | $29.14 |
| Annualized volatility | 23.4% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QVMS |
Expenses vs. QVMS |
ALTAR Score™ vs. QVMS |
|---|---|---|---|---|
| XJR | iShares ESG Screened S&P Small-Cap ETF | 89.3% | -3 bp | -0.5% |
| IJR | iShares Core S&P Small Cap ETF | 88.3% | -9 bp | -0.8% |
| VIOO | Vanguard S&P Small-Cap 600 ETF | 85.2% | -5 bp | -0.9% |
| SPSM | SPDR Portfolio S&P 600 Small Cap ETF | 84.8% | -12 bp | -0.9% |
| ESIX | SPDR S&P SmallCap 600 ESG ETF | 65.0% | -3 bp | -0.1% |
| IJS | iShares S&P Small-Cap 600 Value ETF | 61.1% | +3 bp | -0.1% |
| IJT | iShares S&P Small-Cap 600 Growth ETF | 60.6% | +3 bp | -1.7% |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | 60.5% | 0 bp | -0.1% |
| SLYV | SPDR S&P 600 Small Cap Value ETF | 60.3% | 0 bp | -0.1% |
| SLYG | SPDR S&P 600 Small Cap Growth ETF | 60.0% | 0 bp | -1.7% |
Risk and Returns: QVMS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
QVMS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
QVMS
7.8%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. QVMS's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places QVMS in the 80th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QVMSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| QVMS (15 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QVMS | 15.0 | 33.3 | 48.3 |
| Peer Avg. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .