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QVMLvsDMAXETF Comparison

ETF 1

QVML

Invesco S&P 500 QVM Multi-factor ETF

This fund is part of

US Multi-Factor

+0.61%

Full QVML fund page

VS

ETF 2

DMAX

iShares Large Cap Max Buffer Dec ETF

This fund is part of

Options Strategies

+0.79%

Full DMAX fund page

Invesco S&P 500 QVM Multi-factor ETF (QVML) belongs to the US Multi-Factor segment. iShares Large Cap Max Buffer Dec ETF (DMAX) is part of the Options Strategies segment. QVML's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, DMAX's top sector exposures are Technology, Finance and Healthcare. QVML is less expensive with a Total Expense Ratio (TER) of 0.11%, versus 0.53% for DMAX. QVML is up 13.23% year-to-date (YTD) with +$146M in YTD flows. DMAX performs worse with 4.24% YTD performance, and +$50M in YTD flows. Run a side-by-side ETF comparison of QVML and DMAX 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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QVML vs DMAX performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	QVML DMAX	-1.28%+0.36%	+3.36%+1.83%	+13.23%+4.24%	+17.78%+6.98%	+80.11%n/a	+86.93%n/a
Flows	QVML DMAX	+$284M-$3M	+$311M-$2M	+$146M+$50M	+$177M+$46M	+$333M-	+$364M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	QVML DMAX	+11.43%+1.65%	+12.60%+2.20%	+14.98%n/a	+16.66%n/a
Max drawdown	QVML DMAX	-3.39%-0.30%	-8.73%-1.47%	-18.54%n/a	-23.56%n/a
Max drawdown duration	QVML DMAX	16d5d	70d44d	127dn/a	707dn/a

Trading data

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	QVML	DMAX
Last sale 9/18/2026 at 1:30 PM	$45.35	$27.73
Previous close 09/17/2026	$45.26	$27.73
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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DMAX

is actively managed and doesn’t replicate an index

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	QVML	DMAX
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/18/2026 at 1:30 PM

Live

Closed

	QVML	DMAX
Last price	$45.35	$27.73
1D performance	+0.20%	-0.00%
AuM	$1.82 B	$136.61 M
E/R	0.11%	0.53%

Characteristics

	QVML	DMAX
Management strategy	Passive	Active
Provider	Invesco	iShares
Benchmark	S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index	-
N° of holdings	449	501
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	June 30, 2021	December 31, 2024
ESG	No	No

More QVML data on Trackinsight

More DMAX data on Trackinsight

Exposure

Countries

QVML

USA

97.36%

Other

2.64%

DMAX

USA

101.93%

Other

-1.93%

Sectors

QVML

Technology

47.46%

Finance

14.18%

Consumer Non-Cycl.

9.24%

Healthcare

8.7%

Industrials

7.84%

Other

12.58%

DMAX

Technology

46.39%

Finance

14.53%

Healthcare

9.31%

Consumer Non-Cycl.

9.26%

Industrials

8.12%

Other

12.39%

Diversification

QVML

Total weight of top 15 holdings out of 15

48.62%

DMAX

Total weight of top 15 holdings out of 15

45.18%

Top 15 holdings

Data as of July 31, 2026

QVML

Apple, Inc.

8.80%

NVIDIA Corp.

8.05%

Alphabet, Inc.

6.25%

Microsoft Corp.

5.02%

Amazon.com, Inc.

4.17%

Broadcom Inc.

3.49%

Meta Platforms, Inc.

2.35%

Eli Lilly & Co.

1.54%

Berkshire Hathaway, Inc.

1.53%

Micron Technology, Inc.

1.50%

JPMorgan Chase & Co.

1.48%

Advanced Micro Devices, Inc.

1.32%

ExxonMobil Holdings Corp.

1.06%

Visa, Inc.

1.05%

Johnson & Johnson

1.01%

DMAX

Apple, Inc.

7.92%

NVIDIA Corp.

7.64%

Microsoft Corp.

5.42%

Amazon.com, Inc.

3.73%

Alphabet, Inc.

3.17%

Broadcom Inc.

2.97%

Alphabet, Inc.

2.55%

Meta Platforms, Inc.

1.92%

Micron Technology, Inc.

1.60%

JPMorgan Chase & Co.

1.52%

Berkshire Hathaway, Inc.

1.51%

Eli Lilly & Co.

1.48%

Tesla, Inc.

1.41%

Advanced Micro Devices, Inc.

1.28%

ExxonMobil Holdings Corp.

1.05%

Frequently asked questions about QVML and DMAX

QVMLvsDMAXETF Comparison

Invesco S&P 500 QVM Multi-factor ETF

iShares Large Cap Max Buffer Dec ETF

QVML vs DMAX performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the QVML and DMAX ETFs performed in 2026?

As of September 17, 2026, QVML is up 13.23% year-to-date (YTD), while DMAX has returned 4.24%. That puts QVML better performer ahead so far this year.

Which ETF is attracting more investor money: QVML or DMAX?

Year-to-date, the QVML ETF saw +$146M in flows, compared to +$50M for DMAX.

Which ETF is more volatile: QVML or DMAX?

Over the past year, QVML had a volatility of 12.6%, while DMAX experienced 2.2%.

Which ETF is bigger: QVML or DMAX?

As of September 17, 2026, QVML holds $1.82 B in assets under management (AUM), while DMAX manages $136.61 M.

What sectors do the QVML and DMAX ETFs invest in?

QVML leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, DMAX focuses on Technology, Finance and Healthcare.

What are the top holdings of the QVML ETF and DMAX ETF?

QVML top holdings include Apple, Inc., NVIDIA Corp. and Alphabet, Inc.. DMAX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: QVML or DMAX?

QVML holds 449 securities with 48.62% of its assets in the top 15. DMAX has 504 securities and a top 15 weight of 45.18%.

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