QVMM vs VOO
QVMM vs VOO
Invesco S&P MidCap 400 QVM Multi-factor ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. QVMM delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | QVMM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $432M | $979.0B | |
| Dividend Yield | 1.13% | 1.09% | |
| Holdings | 362 | 509 | |
| YTD Return | +17.59% | +13.80% | |
| 1Y Return | +27.18% | +23.71% | |
| 3Y Return (annualized) | +15.24% | +21.50% | |
| 5Y Return (annualized) | +9.11% | +13.44% | |
| Volatility (annualized) | 18.0% | 14.1% | |
| Max Drawdown | -24.3% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 28, 2021 | Sep 7, 2010 |
QVMM vs VOO Performance
Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year QVMM returned +27.18% while VOO returned +23.71%. Year to date, QVMM is up 17.59% versus a gain of 13.80% for VOO.
Over three years, QVMM compounded at +15.24% per year against +21.50% for VOO; over five years the annualized figures are +9.11% and +13.44% respectively. Across the full 5-year window we track, VOO has the edge at +13.58% annualized vs +9.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMM has been the more volatile fund, with annualized monthly volatility of 18.0% compared with 14.1% for VOO. 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 -24.3% for QVMM and -34.3% for VOO. 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVMM charges 0.15% per year while VOO charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, QVMM currently yields 1.13% against 1.09% for VOO.
Holdings Overlap
QVMM and VOO share 0 holdings out of 865 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QVMM or VOO?
QVMM has an expense ratio of 0.15% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, QVMM or VOO?
Over the past year QVMM returned +27.18% vs +23.71% for VOO, so QVMM leads on 1-year performance. Over the longest common window we track (5 years), QVMM annualized +9.06% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, QVMM or VOO?
QVMM has been the more volatile fund at 18.0% annualized versus 14.1% for VOO. Worst drawdown: QVMM -24.3% vs VOO -34.3%.
Should I hold both QVMM and VOO?
QVMM and VOO have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QVMM and VOO?
QVMM and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 865 unique securities.
Which pays a higher dividend, QVMM or VOO?
QVMM yields 1.13% while VOO yields 1.09%, so QVMM currently pays the higher dividend yield.
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