IVOVvsQVMMETF Comparison
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Vanguard S&P Mid-Cap 400 Value ETF (IVOV) belongs to the US Mid Cap Value segment. Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is part of the US Multi-Factor segment. IVOV's top 3 sector exposures are Finance, Industrials and Non-Energy Materials. In contrast, QVMM's top sector exposures are Finance, Industrials and Technology. IVOV is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.15% for QVMM. IVOV is up 8.92% year-to-date (YTD) with +$33M in YTD flows. QVMM performs better with 11.57% YTD performance, and +$4M in YTD flows. Run a side-by-side ETF comparison of IVOV and QVMM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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IVOV vs QVMM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IVOV QVMM | -4.61%-5.49% | -1.81%-3.77% | +8.92%+11.57% | +9.78%+12.27% | +44.93%+49.92% | +53.11%+49.98% |
| Flows | IVOV QVMM | -$40M+$269K | -$33M+$2M | +$33M+$4M | +$77M-$22M | +$160M+$37M | +$163M+$93M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IVOV QVMM | +10.73%+12.02% | +14.28%+15.20% | +17.54%+17.76% | +19.11%+19.35% |
| Max drawdown | IVOV QVMM | -6.20%-7.48% | -10.52%-8.41% | -22.49%-23.85% | -22.49%-23.85% |
| Max drawdown duration | IVOV QVMM | 33d33d | 113d42d | 379d379d | 379d379d |
Trading data
IVOV | QVMM | |
Last sale 9/18/2026 at 1:30 PM | $109.88 | $34.11 |
| Previous close 09/17/2026 | $110.50 | $34.22 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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IVOV | QVMM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
IVOV | QVMM | |
|---|---|---|
| Last price | $109.88 | $34.11 |
| 1D performance | -0.56% | -0.32% |
| AuM | $1.25 B | $415.81 M |
| E/R | 0.1% | 0.15% |
Characteristics
IVOV | QVMM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | Invesco |
| Benchmark | S&P MidCap 400 Value Index | S&P MidCap 400 Quality, Value & Momentum Top 90% Multi-factor Index |
| N° of holdings | 297 | 355 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 7, 2010 | June 30, 2021 |
| ESG | No | No |
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Exposure
Countries
IVOV
USA
97.71%
Other
2.29%
QVMM
USA
96.58%
Other
3.42%
Sectors
IVOV
Finance
32.15%
Industrials
13.33%
Non-Energy Materi.
11.23%
Consumer Cyclical.
8.66%
Technology
7.62%
Energy
7.08%
Other
19.93%
QVMM
Finance
24.23%
Industrials
18.11%
Technology
12.44%
Non-Energy Materi.
10.52%
Healthcare
8.48%
Other
26.21%
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Diversification
IVOV
Total weight of top 15 holdings out of 15
14.44%
QVMM
Total weight of top 15 holdings out of 15
11.52%
Top 15 holdings
Data as of July 31, 2026
IVOV
US Foods Holding Corp.
1.27%
Reliance, Inc.
1.19%
TD SYNNEX Corp.
1.09%
Performance Food Group Co.
1.03%
Ovintiv, Inc.
0.99%
Permian Resources Corp.
0.96%
WESCO International, Inc.
0.96%
Annaly Capital Management, Inc.
0.95%
Jones Lang LaSalle, Inc.
0.94%
Pinnacle Financial Partners, Inc.
0.91%
Reinsurance Group of America, Inc.
0.89%
Aramark
0.86%
Illumina, Inc.
0.82%
HF Sinclair Corp.
0.80%
Toll Brothers, Inc.
0.79%
QVMM
Illumina, Inc.
0.94%
TechnipFMC plc
0.89%
Twilio, Inc.
0.82%
Curtiss-Wright Corp.
0.82%
Everpure, Inc.
0.81%
Okta, Inc.
0.78%
Tenet Healthcare Corp.
0.75%
Carpenter Technology Corp.
0.74%
XPO, Inc.
0.72%
United Therapeutics Corp.
0.72%
ATI, Inc.
0.72%
nVent Electric Plc
0.72%
Burlington Stores, Inc.
0.72%
Woodward, Inc.
0.69%
RB Global, Inc.
0.67%
Frequently asked questions about IVOV and QVMM
How have the IVOV and QVMM ETFs performed in 2026?
As of September 18, 2026, IVOV is up 8.92% year-to-date (YTD), while QVMM has returned 11.57%. That puts QVMM better performer ahead so far this year.
Which ETF is attracting more investor money: IVOV or QVMM?
Year-to-date, the IVOV ETF saw +$33M in flows, compared to +$4M for QVMM.
Which ETF is more volatile: IVOV or QVMM?
Over the past year, IVOV had a volatility of 14.28%, while QVMM experienced 15.2%.
Which ETF is bigger: IVOV or QVMM?
As of September 18, 2026, IVOV holds $1.25 B in assets under management (AUM), while QVMM manages $415.81 M.
What sectors do the IVOV and QVMM ETFs invest in?
IVOV leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, QVMM focuses on Finance, Industrials and Technology.
What are the top holdings of the IVOV ETF and QVMM ETF?
IVOV top holdings include US Foods Holding Corp., Reliance, Inc. and TD SYNNEX Corp.. QVMM holds in its top three: Illumina, Inc., TechnipFMC plc and Twilio, Inc..
Which ETF is more diversified: IVOV or QVMM?
IVOV holds 297 securities with 14.44% of its assets in the top 15. QVMM has 355 securities and a top 15 weight of 11.52%.
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