QVMS
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
197.6 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) | $198 |
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 +
SPX TECHNOLOGIES INC | 2.3 % |
MUELLER INDUSTRIES INC | 0.8 % |
ALLEGHENY TECHNOLOGIES INC | 0.8 % |
ENSIGN GROUP INC/THE | 0.8 % |
FABRINET | 0.8 % |
CARPENTER TECHNOLOGY | 0.7 % |
MERITAGE HOMES CORP | 0.7 % |
SPS COMMERCE INC | 0.6 % |
LUMEN TECHNOLOGIES, INC. | 0.6 % |
JACKSON FINANCIAL INCORPORATION CLASS A | 0.6 % |
Constituent Breakdown
Number of holdings | 537 |
Herfindahl-Hirschman Index | 35 |
Wgt avg mkt cap (mns) | $2,933 |
Large cap (>$10bn) | 0.0% |
Mid cap ($2-10bn) | 69.4% |
Small cap (<$2bn) | 30.5% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 99.0 % | |
BERMUDA | 1.0 % | |
CAYMAN ISLANDS | 0.8 % | |
PUERTO RICO | 0.7 % |
Historical Performance
Standardized Performance (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 3.0% | 18.0% | 4.8% | -- | -- | -- | 4.1% | Volatility | 17.4% | 18.6% | 21.0% | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.01 | 66% |
MSCI EAFE | 0.99 | 62% |
MSCI Emg Mkts | 0.69 | 30% |
Liquidity Measures
Avg. volume (000) | 1 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.33% |
ADV of underlying (mns) | $12,561 |
Technical Indicators
Recent close | $27.08 |
30d moving avg. | $26.56 |
Annualized volatility | 22.3% |
Relative strength (RSI) | 51 |
Short interest (ETF) | 0.1% |
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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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. QVMS |
Expenses vs. QVMS |
ALTAR Score™ vs. QVMS |
---|---|---|---|---|
XJR | iShares ESG Screened S&P Small-Cap ETF | 92.1% | -3 bp | -0.4% |
IJR | iShares Core S&P Small Cap ETF | 89.7% | -9 bp | -0.3% |
SPSM | SPDR Portfolio S&P 600 Small Cap ETF | 86.6% | -12 bp | -0.2% |
VIOO | Vanguard S&P Small-Cap 600 ETF | 86.5% | -5 bp | -0.3% |
ESIX | SPDR S&P SmallCap 600 ESG ETF | 72.5% | -3 bp | -0.1% |
IJT | iShares S&P Small-Cap 600 Growth ETF | 64.8% | +3 bp | -1.4% |
VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 63.9% | 0 bp | -1.3% |
SLYG | SPDR S&P 600 Small Cap Growth ETF | 63.9% | 0 bp | -1.3% |
IJS | iShares S&P Small-Cap 600 Value ETF | 61.5% | +3 bp | +0.7% |
VIOV | Vanguard S&P Small-Cap 600 Value ETF | 60.8% | 0 bp | +0.8% |
Risk and Returns: QVMS 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 | --% |
Based on closing prices from 10/4/2024
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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
QVMS
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
QVMS
7.7%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. QVMS's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places QVMS in the 81st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QVMSSELL
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 |
QVMS (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) |
|
---|---|---|---|
QVMS | 15.0 | 33.3 | 48.3 |
Peer Avg. | 29.9 | 13.7 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .