QVMLvsSPYHETF Comparison
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Invesco S&P 500 QVM Multi-factor ETF (QVML) belongs to the US Multi-Factor segment. NEOS S&P 500 Hedged Equity Income ETF (SPYH) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Financials. QVML is less expensive with a Total Expense Ratio (TER) of 0.11%, versus 0.68% for SPYH. QVML is up 10.8% year-to-date (YTD) with -$165M in YTD flows. SPYH performs worse with 5.27% YTD performance, and +$12M in YTD flows. Run a side-by-side ETF comparison of QVML and SPYH 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 SPYH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QVML SPYH | +1.73%+0.87% | +14.18%+6.66% | +10.80%+5.27% | +27.07%+17.85% | +79.40%n/a | n/an/a |
| Flows | QVML SPYH | -$161M+$3M | -$165M+$4M | -$165M+$12M | -$164M+$26M | -$80M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QVML SPYH | +15.35%+9.81% | +12.13%+8.28% | +14.89%n/a | n/an/a |
| Max drawdown | QVML SPYH | -4.19%-3.14% | -8.73%-5.98% | -18.54%n/a | n/an/a |
| Max drawdown duration | QVML SPYH | 16d16d | 70d50d | 127dn/a | n/an/a |
Trading data
QVML | SPYH | |
Last sale 6/18/2026 at 1:30 PM | $44.40 | $56.12 |
| Previous close 06/18/2026 | $43.85 | $55.68 |
| 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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SPYH
is actively managed and doesn’t replicate an indexQVML | SPYH | |
|---|---|---|
| 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 | SPYH | |
|---|---|---|
| Last price | $44.40 | $56.12 |
| 1D performance | +1.26% | +0.79% |
| AuM | $1.48 B | $30.30 M |
| E/R | 0.11% | 0.68% |
Characteristics
QVML | SPYH | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | NEOS Investment Management |
| Benchmark | S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index | - |
| N° of holdings | 427 | 455 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 30, 2021 | April 2, 2025 |
| ESG | No | No |
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Exposure
Countries
QVML
USA
96.71%
Other
3.29%
SPYH
USA
99.87%
Other
0.13%
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%
SPYH
Information Techn.
37.39%
Communication Ser.
11.17%
Financials
10.44%
Consumer Discreti.
10.13%
Health Care
8.42%
Industrials
7.85%
Other
14.6%
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Diversification
QVML
Total weight of top 15 holdings out of 15
46.28%
SPYH
Total weight of top 15 holdings out of 15
46.19%
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%
SPYH
NVIDIA
8.92%
APPLE
6.72%
MICROSOFT-T
5.28%
AMAZON.COM INC
4.33%
ALPHABET INC-CL
3.46%
BROADCOM LIMITED
3.35%
ALPHABET INC-CL
2.75%
META PLATFORMS
2.51%
TESLA
1.80%
BERKSHIRE HATHWAY
1.48%
JPMORGAN CHASE
1.47%
LILLY
1.12%
EXXON
1.06%
MICRON TECHNOLOGY
0.98%
WALMART INC
0.96%
Frequently asked questions about QVML and SPYH
How have the QVML and SPYH ETFs performed in 2026?
As of June 18, 2026, QVML is up 10.8% year-to-date (YTD), while SPYH has returned 5.27%. That puts QVML better performer ahead so far this year.
Which ETF is attracting more investor money: QVML or SPYH?
Year-to-date, the QVML ETF saw -$165M in flows, compared to +$12M for SPYH.
Which ETF is more volatile: QVML or SPYH?
Over the past year, QVML had a volatility of 12.13%, while SPYH experienced 8.28%.
Which ETF is bigger: QVML or SPYH?
As of June 18, 2026, QVML holds $1.48 B in assets under management (AUM), while SPYH manages $30.30 M.
What sectors do the QVML and SPYH ETFs invest in?
QVML leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, SPYH focuses on Information Technology, Communication Services and Financials.
What are the top holdings of the QVML ETF and SPYH ETF?
QVML top holdings include NVIDIA, APPLE and ALPHABET INC-CL. SPYH holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: QVML or SPYH?
QVML holds 449 securities with 46.28% of its assets in the top 15. SPYH has 480 securities and a top 15 weight of 46.19%.
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