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QVMLvsKSPYETF Comparison

ETF 1
QVML

Invesco S&P 500 QVM Multi-factor ETF

This fund is part of
US Multi-Factor
+1.03%
VS
ETF 2
KSPY

KraneShares Hedgeye Hedged Equity Index ETF

This fund is part of
Options Strategies
+0.69%

Invesco S&P 500 QVM Multi-factor ETF (QVML) belongs to the US Multi-Factor segment. KraneShares Hedgeye Hedged Equity Index ETF (KSPY) is part of the Options Strategies segment. QVML's top 3 sector exposures are Information Technology, Communication Services and Financials. In contrast, KSPY's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. QVML is less expensive with a Total Expense Ratio (TER) of 0.11%, versus 0.88% for KSPY. QVML is up 10.8% year-to-date (YTD) with -$165M in YTD flows. KSPY performs worse with 6.52% YTD performance, and +$41M in YTD flows. Run a side-by-side ETF comparison of QVML and KSPY 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 KSPY performance and flow charts

Performance

-2.0-1.00.01.02.03.0%May 18May 25Jun 1Jun 8Jun 15

Cumulative Flows

-150 M-100 M-50 M0 MMay 18May 25Jun 1Jun 8Jun 15

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

Historic performance and flows
Data as of 06/18/2026
1M3MYTD1Y3Y5Y
Perf.
QVML
KSPY
+1.73%+1.99%
+14.18%+6.25%
+10.80%+6.52%
+27.07%+19.07%
+79.40%n/a
n/an/a
Flows
QVML
KSPY
-$161M+$4M
-$165M+$10M
-$165M+$41M
-$164M+$77M
-$80M-
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
QVML
KSPY
+15.35%+8.48%
+12.13%+7.36%
+14.89%n/a
n/an/a
Max drawdown
QVML
KSPY
-4.19%-2.32%
-8.73%-4.44%
-18.54%n/a
n/an/a
Max drawdown duration
QVML
KSPY
16d13d
70d48d
127dn/a
n/an/a
Trading data

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QVML
KSPY
Last sale
6/18/2026 at 1:30 PM
$44.40
$29.26
Previous close
06/18/2026
$43.85
$28.97
Consolidated volume
06/18/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of May 29, 2026
1-year trailing difference

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QVML
KSPY
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
QVML
KSPY
Last price
$44.40
$29.26
1D performance
+1.26%
+1.00%
AuM$1.48 B$100.94 M
E/R0.11%0.88%
Characteristics
QVML
KSPY
Management strategyPassivePassive
ProviderInvescoKraneShares
BenchmarkS&P 500 Quality, Value & Momentum Top 90% Multi-factor IndexHedgeye Hedged Equity Index
N° of holdings427478
Asset classEquities-
Trailing 12m distribution yield
Join
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Inception dateJune 30, 2021July 16, 2024
ESGNoNo
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Exposure

Countries

QVML
USA
96.71%
Other
3.29%
KSPY
USA
97.22%
Other
2.78%

Sectors

QVML
Information Techn.
36.47%
Communication Ser.
11.31%
Financials
10.73%
Health Care
8.51%
Industrials
8.39%
Consumer Discreti.
7.33%
Other
17.26%
KSPY
Information Techn.
35.78%
Communication Ser.
11%
Consumer Discreti.
10.14%
Financials
9.92%
Health Care
8.39%
Industrials
8.1%
Other
16.67%
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Diversification

QVML

Total weight of top 15 holdings out of 15

46.28%
KSPY

Total weight of top 15 holdings out of 15

44.01%

Top 15 holdings

Data as of April 30, 2026
QVML
NVIDIA
8.67%
APPLE
6.89%
ALPHABET INC-CL
6.34%
MICROSOFT-T
5.08%
AMAZON.COM INC
4.32%
BROADCOM LIMITED
3.18%
META PLATFORMS
2.52%
BERKSHIRE HATHWAY
1.54%
JPMORGAN CHASE
1.53%
LILLY
1.25%
EXXON
1.09%
MICRON TECHNOLOGY
1.00%
WALMART INC
1.00%
JOHNSON&JOHNSON
0.96%
VISA INCORPORATION
0.93%
KSPY
NVIDIA
7.87%
APPLE
6.46%
MICROSOFT-T
4.91%
AMAZON.COM INC
4.20%
ALPHABET INC-CL
3.63%
BROADCOM LIMITED
3.21%
ALPHABET INC-CL
2.90%
META PLATFORMS
2.17%
TESLA
1.74%
BERKSHIRE HATHWAY
1.41%
JPMORGAN CHASE
1.37%
LILLY
1.20%
EXXON
1.05%
MICRON TECHNOLOGY
0.94%
WALMART INC
0.94%
Frequently asked questions about QVML and KSPY

How have the QVML and KSPY ETFs performed in 2026?

As of June 18, 2026, QVML is up 10.8% year-to-date (YTD), while KSPY has returned 6.52%. That puts QVML better performer ahead so far this year.

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

Year-to-date, the QVML ETF saw -$165M in flows, compared to +$41M for KSPY.

Which ETF is more volatile: QVML or KSPY?

Over the past year, QVML had a volatility of 12.13%, while KSPY experienced 7.36%.

Which ETF is bigger: QVML or KSPY?

As of June 18, 2026, QVML holds $1.48 B in assets under management (AUM), while KSPY manages $100.94 M.

What sectors do the QVML and KSPY ETFs invest in?

QVML leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, KSPY focuses on Information Technology, Communication Services and Consumer Discretionary.

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

QVML top holdings include NVIDIA, APPLE and ALPHABET INC-CL. KSPY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: QVML or KSPY?

QVML holds 449 securities with 46.28% of its assets in the top 15. KSPY has 503 securities and a top 15 weight of 44.01%.

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