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
207.2 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) | $207 |
| 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 | 2.4 % |
| MUELLER INDUSTRIES INC | 0.8 % |
| CARPENTER TECHNOLOGY | 0.7 % |
| COMERICA INC | 0.7 % |
| JACKSON FINANCIAL INCORPORATION CLASS A | 0.6 % |
| ROBERT HALF INTL INC | 0.6 % |
| GLAUKOS CORP | 0.6 % |
| ALLEGHENY TECHNOLOGIES INC | 0.6 % |
| SPS COMMERCE INC | 0.5 % |
| ARMSTRONG WORLD INDUSTRIES | 0.5 % |
Constituent Breakdown
| Number of holdings | 520 |
| Herfindahl-Hirschman Index | 32 |
| 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 | 95.1 % |
 |
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 | 1.03 | 67% |
| MSCI EAFE | 0.99 | 62% |
| MSCI Emg Mkts | 0.69 | 29% |
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 | $28.38 |
| 30d moving avg. | $27.11 |
| Annualized volatility | 22.6% |
| 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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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 | 89.0% | -3 bp | -0.5% |
| IJR | iShares Core S&P Small Cap ETF | 88.9% | -9 bp | -0.8% |
| VIOO | Vanguard S&P Small-Cap 600 ETF | 86.5% | -5 bp | -0.9% |
| SPSM | SPDR Portfolio S&P 600 Small Cap ETF | 85.8% | -12 bp | -0.8% |
| ESIX | SPDR S&P SmallCap 600 ESG ETF | 64.9% | -3 bp | 0.0% |
| IJT | iShares S&P Small-Cap 600 Growth ETF | 61.1% | +3 bp | -1.7% |
| IJS | iShares S&P Small-Cap 600 Value ETF | 61.0% | +3 bp | -0.1% |
| VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 60.5% | 0 bp | -1.6% |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | 60.5% | 0 bp | 0.0% |
| SLYG | SPDR S&P 600 Small Cap Growth ETF | 60.4% | 0 bp | -1.6% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 11/15/2024
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
7.5%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. QVMS's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places QVMS in the 79th 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. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .