QVMLvsSPYMETF Comparison
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Invesco S&P 500 QVM Multi-factor ETF (QVML) belongs to the US Multi-Factor segment. State Street SPDR Portfolio S&P 500 ETF (SPYM) is part of the US Large Cap segment. QVML's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, SPYM's top sector exposures are Technology, Finance and Healthcare. QVML is more expensive with a Total Expense Ratio (TER) of 0.11%, versus 0.02% for SPYM. QVML is up 12.75% year-to-date (YTD) with +$34M in YTD flows. SPYM performs worse with 11.58% YTD performance, and +$70.72B in YTD flows. Run a side-by-side ETF comparison of QVML and SPYM 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 SPYM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QVML SPYM | -1.99%-2.58% | -0.06%-0.16% | +12.75%+11.58% | +12.99%+11.72% | +82.09%+80.37% | +75.97%+74.16% |
| Flows | QVML SPYM | +$30M+$8.00B | +$196M+$18.77B | +$34M+$70.72B | +$39M+$71.62B | +$221M+$124.59B | +$260M+$132.49B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QVML SPYM | +9.88%+10.44% | +12.49%+12.82% | +14.82%+14.90% | +16.60%+17.01% |
| Max drawdown | QVML SPYM | -3.05%-3.50% | -8.73%-8.89% | -18.54%-18.74% | -23.56%-24.50% |
| Max drawdown duration | QVML SPYM | 53d28d | 70d76d | 127d126d | 707d708d |
Trading data
QVML | SPYM | |
Last sale 11/4/2026 at 2:30 PM | $45.79 | |
| Previous close 11/03/2026 | $44.98 | |
| Consolidated volume 11/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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QVML | SPYM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/4/2026 at 2:30 PM
Live
Closed
QVML | SPYM | |
|---|---|---|
| Last price | $45.79 | – |
| 1D performance | +1.80% | – |
| AuM | $1.70 B | $181.71 B |
| E/R | 0.11% | 0.02% |
Characteristics
QVML | SPYM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index | S&P 500 Index |
| N° of holdings | 436 | 497 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 30, 2021 | November 8, 2005 |
| ESG | No | No |
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Exposure
Countries
QVML
USA
97.36%
Other
2.64%
SPYM
USA
96.35%
Other
3.65%
Sectors
QVML
Technology
46.95%
Finance
13.96%
Consumer Non-Cycl.
9.51%
Healthcare
9.42%
Industrials
7.6%
Other
12.55%
SPYM
Technology
47.61%
Finance
12.67%
Healthcare
9.08%
Consumer Non-Cycl.
8.59%
Industrials
7.28%
Other
14.77%
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Diversification
QVML
Total weight of top 15 holdings out of 15
47.81%
SPYM
Total weight of top 15 holdings out of 15
45.62%
Top 15 holdings
Data as of September 30, 2026
QVML
NVIDIA Corp.
9.13%
Apple, Inc.
8.32%
Microsoft Corp.
6.54%
Alphabet, Inc.
4.54%
Amazon.com, Inc.
4.23%
Broadcom Inc.
2.81%
Micron Technology, Inc.
1.86%
Eli Lilly & Co.
1.62%
Berkshire Hathaway, Inc.
1.57%
JPMorgan Chase & Co.
1.52%
Advanced Micro Devices, Inc.
1.50%
ExxonMobil Holdings Corp.
1.11%
Visa, Inc.
1.10%
Johnson & Johnson
1.10%
Mastercard, Inc.
0.85%
SPYM
NVIDIA Corp.
8.37%
Apple, Inc.
7.36%
Microsoft Corp.
5.77%
Amazon.com, Inc.
3.70%
Alphabet, Inc.
3.06%
Broadcom Inc.
2.53%
Alphabet, Inc.
2.45%
Meta Platforms, Inc.
2.42%
Micron Technology, Inc.
1.82%
Tesla, Inc.
1.51%
Advanced Micro Devices, Inc.
1.51%
Berkshire Hathaway, Inc.
1.40%
Eli Lilly & Co.
1.40%
JPMorgan Chase & Co.
1.33%
Johnson & Johnson
0.97%
Frequently asked questions about QVML and SPYM
How have the QVML and SPYM ETFs performed in 2026?
As of November 3, 2026, QVML is up 12.75% year-to-date (YTD), while SPYM has returned 11.58%. That puts QVML better performer ahead so far this year.
Which ETF is attracting more investor money: QVML or SPYM?
Year-to-date, the QVML ETF saw +$34M in flows, compared to +$70.72B for SPYM.
Which ETF is more volatile: QVML or SPYM?
Over the past year, QVML had a volatility of 12.49%, while SPYM experienced 12.82%.
Which ETF is bigger: QVML or SPYM?
As of November 3, 2026, QVML holds $1.70 B in assets under management (AUM), while SPYM manages $181.71 B.
What sectors do the QVML and SPYM ETFs invest in?
QVML leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SPYM focuses on Technology, Finance and Healthcare.
What are the top holdings of the QVML ETF and SPYM ETF?
QVML top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SPYM holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: QVML or SPYM?
QVML holds 436 securities with 47.81% of its assets in the top 15. SPYM has 501 securities and a top 15 weight of 45.62%.
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