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QVMLvsHCMTETF 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

HCMT

Direxion HCM Tactical Enhanced US ETF

This fund is part of

Alternatives

+0.7%

Full HCMT fund page

Invesco S&P 500 QVM Multi-factor ETF (QVML) belongs to the US Multi-Factor segment. Direxion HCM Tactical Enhanced US ETF (HCMT) is part of the Alternatives segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. QVML is less expensive with a Total Expense Ratio (TER) of 0.11%, versus 1.18% for HCMT. QVML is up 13.23% year-to-date (YTD) with +$146M in YTD flows. HCMT performs worse with 7.1% YTD performance, and -$22M in YTD flows. Run a side-by-side ETF comparison of QVML and HCMT 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 HCMT performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	QVML HCMT	-1.28%-3.13%	+3.36%+0.94%	+13.23%+7.10%	+17.78%+14.05%	+80.11%+67.84%	+86.93%n/a
Flows	QVML HCMT	+$284M-$5M	+$311M-$11M	+$146M-$22M	+$177M-$16M	+$333M+$232M	+$364M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	QVML HCMT	+11.43%+31.90%	+12.60%+28.67%	+14.98%+29.47%	+16.66%n/a
Max drawdown	QVML HCMT	-3.39%-13.91%	-8.73%-15.61%	-18.54%-36.18%	-23.56%n/a
Max drawdown duration	QVML HCMT	16d52d	70d107d	127d246d	707dn/a

Trading data

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	QVML	HCMT
Last sale 9/18/2026 at 1:30 PM	$45.22	$41.01
Previous close 09/17/2026	$45.24	$41.17
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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HCMT

is actively managed and doesn’t replicate an index

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	QVML	HCMT
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	HCMT
Last price	$45.22	$41.01
1D performance	-0.06%	-0.38%
AuM	$1.82 B	$595.11 M
E/R	0.11%	1.18%

Characteristics

	QVML	HCMT
Management strategy	Passive	Active
Provider	Invesco	Direxion
Benchmark	S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index	-
N° of holdings	449	500
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	June 30, 2021	June 22, 2023
ESG	No	No

More QVML data on Trackinsight

More HCMT data on Trackinsight

Exposure

Countries

QVML

USA

97.36%

Other

2.64%

HCMT

USA

82.72%

Other

17.28%

Sectors

QVML

Technology

47.46%

Finance

14.18%

Consumer Non-Cycl.

9.24%

Healthcare

8.7%

Industrials

7.84%

Other

12.58%

HCMT

Technology

37.93%

Finance

11.79%

Consumer Non-Cycl.

7.98%

Healthcare

7.54%

Other

34.76%

Diversification

QVML

Total weight of top 15 holdings out of 15

48.62%

HCMT

Total weight of top 15 holdings out of 15

37.35%

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%

HCMT

NVIDIA Corp.

6.40%

Apple, Inc.

5.98%

Microsoft Corp.

4.55%

Amazon.com, Inc.

3.50%

Alphabet, Inc.

2.75%

Broadcom Inc.

2.43%

Alphabet, Inc.

2.22%

Meta Platforms, Inc.

1.61%

JPMorgan Chase & Co.

1.24%

Berkshire Hathaway, Inc.

1.23%

Micron Technology, Inc.

1.22%

Eli Lilly & Co.

1.20%

Tesla, Inc.

1.15%

Advanced Micro Devices, Inc.

1.02%

ExxonMobil Holdings Corp.

0.85%

Frequently asked questions about QVML and HCMT

How have the QVML and HCMT ETFs performed in 2026?

As of September 17, 2026, QVML is up 13.23% year-to-date (YTD), while HCMT has returned 7.1%. That puts QVML better performer ahead so far this year.

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

Year-to-date, the QVML ETF saw +$146M in flows, compared to -$22M for HCMT.

Which ETF is more volatile: QVML or HCMT?

Over the past year, QVML had a volatility of 12.6%, while HCMT experienced 28.67%.

Which ETF is bigger: QVML or HCMT?

As of September 17, 2026, QVML holds $1.82 B in assets under management (AUM), while HCMT manages $595.11 M.

What sectors do the QVML and HCMT ETFs invest in?

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

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

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

Which ETF is more diversified: QVML or HCMT?

QVML holds 449 securities with 48.62% of its assets in the top 15. HCMT has 503 securities and a top 15 weight of 37.35%.

Episode 8: Laura Morrison, Chief Revenue Officer at Direxion

July 25, 2023

HCMT

QVMLvsHCMTETF Comparison

Invesco S&P 500 QVM Multi-factor ETF

Direxion HCM Tactical Enhanced US ETF

QVML vs HCMT 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 HCMT ETFs performed in 2026?

As of September 17, 2026, QVML is up 13.23% year-to-date (YTD), while HCMT has returned 7.1%. That puts QVML better performer ahead so far this year.

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

Year-to-date, the QVML ETF saw +$146M in flows, compared to -$22M for HCMT.

Which ETF is more volatile: QVML or HCMT?

Over the past year, QVML had a volatility of 12.6%, while HCMT experienced 28.67%.

Which ETF is bigger: QVML or HCMT?

As of September 17, 2026, QVML holds $1.82 B in assets under management (AUM), while HCMT manages $595.11 M.

What sectors do the QVML and HCMT ETFs invest in?

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

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

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

Which ETF is more diversified: QVML or HCMT?

QVML holds 449 securities with 48.62% of its assets in the top 15. HCMT has 503 securities and a top 15 weight of 37.35%.

Episode 8: Laura Morrison, Chief Revenue Officer at Direxion

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