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 sponsorInvesco
CategoryUS
Asset classEquity
Websitelink...
Inception dateJun 30, 2021
Assets (mns)$341
Expense ratio15 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
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 holdings353
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)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 10.6% 24.4% 8.4% -- -- -- 7.8%
Volatility 15.5% 16.1% 17.2% 20.0% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.0479%
MSCI EAFE0.9974%
MSCI Emg Mkts0.6935%
Liquidity Measures
Avg. volume (000)1
Turnover0.0%
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 volatility20.4%
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)

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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.

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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

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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 --%
1.4 15.1 2.2 2.4% --
Based on closing prices from 11/8/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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.

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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

QVMM
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
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 .