QVML vs VYM
QVML vs VYM
Invesco S&P 500 QVM Multi-factor ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | QVML | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.11% | 0.04% | |
| AUM | $1.5B | $79.0B | |
| Dividend Yield | 1.01% | 2.86% | |
| Holdings | 451 | 568 | |
| YTD Return | +12.72% | +13.82% | |
| 1Y Return | +22.61% | +24.08% | |
| 3Y Return (annualized) | +21.29% | +17.72% | |
| 5Y Return (annualized) | +13.25% | +12.13% | |
| Volatility (annualized) | 15.3% | 14.6% | |
| Max Drawdown | -23.5% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 28, 2021 | Nov 10, 2006 |
QVML vs VYM Performance
Invesco S&P 500 QVM Multi-factor ETF (QVML) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year QVML returned +22.61% while VYM returned +24.08%. Year to date, QVML is up 12.72% versus a gain of 13.82% for VYM.
Over three years, QVML compounded at +21.29% per year against +17.72% for VYM; over five years the annualized figures are +13.25% and +12.13% respectively. Across the full 5-year window we track, QVML has the edge at +13.63% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVML has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -23.5% for QVML 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVML charges 0.11% per year while VYM charges 0.04%. On a $10,000 position that is $11 vs $4 annually, a gap of $7 per year that compounds over a long holding period. On income, QVML currently yields 1.01% against 2.86% for VYM.
Holdings Overlap
QVML and VYM share 213 holdings out of 792 unique holdings combined, representing a 32.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QVML | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 3.47% | 6.47% | 3.00% |
| JPM | 1.42% | 3.36% | 1.94% |
| XOM | 0.91% | 2.83% | 1.92% |
| JNJ | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
See all 10 holdings QVML shares with VYM Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, QVML or VYM?
QVML has an expense ratio of 0.11% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, QVML or VYM?
Over the past year QVML returned +22.61% vs +24.08% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), QVML annualized +13.63% vs +6.98% for VYM. Past performance does not guarantee future results.
Which is riskier, QVML or VYM?
QVML has been the more volatile fund at 15.3% annualized versus 14.6% for VYM. Worst drawdown: QVML -23.5% vs VYM -58.8%.
Should I hold both QVML and VYM?
QVML and VYM have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QVML and VYM?
QVML and VYM share 213 common holdings with a 32.7% weight overlap. Combined, they hold 792 unique securities.
Which pays a higher dividend, QVML or VYM?
QVML yields 1.01% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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