QVMM
Invesco S&P MidCap 400 QVM Multi-factor ETF
QVMM tracks a market-cap-weighted index of US midcap stocks that exhibit strong quality, value, and momentum based on a multi-factor score.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
340.8 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) | $341 |
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 +
COHERENT CORP | 1.5 % |
TEXAS PACIFIC LAND CORPORATION | 0.8 % |
REGAL BELOIT CORP | 0.8 % |
CARLISLE COS INC | 0.8 % |
EMCOR GROUP INC | 0.8 % |
LENNOX INTERNATIONAL INC | 0.7 % |
PURE STORAGE, INC. CLASS A | 0.7 % |
WILLIAMS-SONOMA INC | 0.6 % |
RELIANCE STEEL & ALUMINUM | 0.6 % |
MANHATTAN ASSOCIATES INC | 0.6 % |
Constituent Breakdown
Number of holdings | 353 |
Herfindahl-Hirschman Index | 37 |
Wgt avg mkt cap (mns) | $9,339 |
Large cap (>$10bn) | 38.0% |
Mid cap ($2-10bn) | 60.9% |
Small cap (<$2bn) | 0.6% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 95.2 % | |
CANADA | 1.0 % | |
BRITAIN | 1.0 % | |
BERMUDA | 1.0 % |
Historical Performance
Standardized Performance (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 10.6% | 24.4% | 8.4% | -- | -- | -- | 7.8% | Volatility | 15.5% | 16.1% | 17.2% | 20.0% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.04 | 79% |
MSCI EAFE | 0.99 | 74% |
MSCI Emg Mkts | 0.69 | 35% |
Liquidity Measures
Avg. volume (000) | 1 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.27% |
ADV of underlying (mns) | $22,888 |
Technical Indicators
Recent close | $30.51 |
30d moving avg. | $28.93 |
Annualized volatility | 20.4% |
Relative strength (RSI) | 52 |
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. QVMM |
Expenses vs. QVMM |
ALTAR Score™ vs. QVMM |
---|---|---|---|---|
MDY | SPDR S&P Midcap 400 ETF Trust | 89.8% | +9 bp | -0.5% |
IJH | iShares Core S&P Mid-Cap ETF | 89.7% | -10 bp | -0.4% |
IVOO | Vanguard S&P Mid-Cap 400 ETF | 87.3% | -5 bp | -0.3% |
XJH | iShares ESG Screened S&P Mid-Cap ETF | 87.1% | -3 bp | -0.3% |
SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | 87.0% | -12 bp | -0.3% |
MIDE | Xtrackers S&P MidCap 400 ESG ETF | 68.6% | 0 bp | +0.1% |
IJJ | iShares S&P Mid-Cap 400 Value ETF | 61.9% | +3 bp | +0.2% |
IJK | iShares S&P Mid-Cap 400 Growth ETF | 61.7% | +2 bp | -1.0% |
IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 61.4% | 0 bp | +0.3% |
MDYV | SPDR S&P 400 Mid Cap Value ETF | 61.3% | 0 bp | +0.3% |
Risk and Returns: QVMM 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 11/8/2024
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
QVMM
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™
QVMM
6.6%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 949 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. QVMM's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places QVMM in the 70th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QVMMSELL
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 |
QVMM (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) |
|
---|---|---|---|
QVMM | 15.0 | 27.2 | 42.2 |
Peer Avg. | 29.9 | 13.8 | 43.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .