QVMT vs SPY
QVMT vs SPY
Invesco S&P 500 Concentrated QVM ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. QVMT delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | QVMT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.13% | 0.09% | |
| AUM | $135M | $789.1B | |
| Dividend Yield | 1.77% | 1.01% | |
| Holdings | 103 | 505 | |
| YTD Return | +14.36% | +13.79% | |
| 1Y Return | +32.23% | +23.66% | |
| 3Y Return (annualized) | +17.92% | +21.40% | |
| 5Y Return (annualized) | +11.94% | +13.37% | |
| Volatility (annualized) | 20.1% | 15.3% | |
| Max Drawdown | -48.7% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 9, 2015 | Jan 22, 1993 |
QVMT vs SPY Performance
Invesco S&P 500 Concentrated QVM ETF (QVMT) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QVMT returned +32.23% while SPY returned +23.66%. Year to date, QVMT is up 14.36% versus a gain of 13.79% for SPY.
Over three years, QVMT compounded at +17.92% per year against +21.40% for SPY; over five years the annualized figures are +11.94% and +13.37% respectively. Across the full 11-year window we track, QVMT has the edge at +10.49% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMT has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 15.3% for SPY. 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 -48.7% for QVMT and -56.5% for SPY. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVMT charges 0.13% per year while SPY charges 0.09%. On a $10,000 position that is $13 vs $9 annually, a gap of $4 per year that compounds over a long holding period. On income, QVMT currently yields 1.77% against 1.01% for SPY.
Holdings Overlap
QVMT and SPY share 98 holdings out of 506 unique holdings combined, representing a 15.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QVMT | Weight in SPY | Difference |
|---|---|---|---|
| AAPL | 4.50% | 7.09% | 2.59% |
| LRCX | 5.95% | 0.68% | 5.27% |
| CAT | 5.62% | 0.69% | 4.93% |
| SNDK | Pro | Pro | Pro |
| GEV | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| WDC | Pro | Pro | Pro |
| KLAC | Pro | Pro | Pro |
| APP | Pro | Pro | Pro |
See all 10 holdings QVMT shares with SPY 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, QVMT or SPY?
QVMT has an expense ratio of 0.13% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, QVMT or SPY?
Over the past year QVMT returned +32.23% vs +23.66% for SPY, so QVMT leads on 1-year performance. Over the longest common window we track (11 years), QVMT annualized +10.49% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, QVMT or SPY?
QVMT has been the more volatile fund at 20.1% annualized versus 15.3% for SPY. Worst drawdown: QVMT -48.7% vs SPY -56.5%.
Should I hold both QVMT and SPY?
QVMT and SPY have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QVMT and SPY?
QVMT and SPY share 98 common holdings with a 15.1% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, QVMT or SPY?
QVMT yields 1.77% while SPY yields 1.01%, so QVMT currently pays the higher dividend yield.
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