QVMM vs VYM
QVMM vs VYM
Invesco S&P MidCap 400 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 | QVMM | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.04% | |
| AUM | $432M | $79.0B | |
| Dividend Yield | 1.13% | 2.86% | |
| Holdings | 362 | 568 | |
| YTD Return | +16.22% | +15.20% | |
| 1Y Return | +25.46% | +25.56% | |
| 3Y Return (annualized) | +14.47% | +17.86% | |
| 5Y Return (annualized) | +8.78% | +12.35% | |
| Volatility (annualized) | 18.0% | 14.6% | |
| Max Drawdown | -24.3% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 28, 2021 | Nov 10, 2006 |
QVMM vs VYM Performance
Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year QVMM returned +25.46% while VYM returned +25.56%. Year to date, QVMM is up 16.22% versus a gain of 15.20% for VYM.
Over three years, QVMM compounded at +14.47% per year against +17.86% for VYM; over five years the annualized figures are +8.78% and +12.35% respectively. Across the full 5-year window we track, QVMM has the edge at +8.82% annualized vs +7.05%. 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 14.6% 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 -24.3% for QVMM 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVMM 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, QVMM currently yields 1.13% against 2.86% for VYM.
Holdings Overlap
QVMM and VYM share 121 holdings out of 797 unique holdings combined, representing a 3.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QVMM | Weight in VYM | Difference |
|---|---|---|---|
| NVT:LN | 0.85% | 0.08% | 0.77% |
| RS | 0.57% | 0.07% | 0.50% |
| EWBC | 0.51% | 0.07% | 0.44% |
| DKS | Pro | Pro | Pro |
| DTM | Pro | Pro | Pro |
| RPM | Pro | Pro | Pro |
| OVV | Pro | Pro | Pro |
| SOLS | Pro | Pro | Pro |
| RGA | Pro | Pro | Pro |
| WSO | Pro | Pro | Pro |
See all 10 holdings QVMM 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, QVMM or VYM?
QVMM has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, QVMM or VYM?
Over the past year QVMM returned +25.46% vs +25.56% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), QVMM annualized +8.82% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, QVMM or VYM?
QVMM has been the more volatile fund at 18.0% annualized versus 14.6% for VYM. Worst drawdown: QVMM -24.3% vs VYM -58.8%.
Should I hold both QVMM and VYM?
QVMM and VYM have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QVMM and VYM?
QVMM and VYM share 121 common holdings with a 3.9% weight overlap. Combined, they hold 797 unique securities.
Which pays a higher dividend, QVMM or VYM?
QVMM yields 1.13% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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