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QVMMvsMSSMETF Comparison
Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) and Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) belong to the same industry segment: US Multi-Factor. QVMM's top 3 sector exposures are Industrials, Financials and Information Technology. In contrast, MSSM's top sector exposures are Industrials, Information Technology and Financials. QVMM is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.9% for MSSM. QVMM is up 4.33% year-to-date (YTD) with +$3M in YTD flows. MSSM performs worse with 4% YTD performance, and -$8M in YTD flows. Run a side-by-side ETF comparison of QVMM and MSSM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
QVMM vs MSSM performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QVMM MSSM | -4.02%-4.59% | +1.69%+1.65% | +4.33%+4.00% | +20.69%+25.66% | +50.20%n/a | n/an/a |
| Flows | QVMM MSSM | +$3M- | +$3M+$7M | +$3M-$8M | +$168K+$49M | +$31M- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QVMM MSSM | +14.45%+16.92% | +20.57%+22.01% | +17.87%n/a | n/an/a |
| Max drawdown | QVMM MSSM | -5.07%-5.51% | -14.90%-16.45% | -23.85%n/a | n/an/a |
| Max drawdown duration | QVMM MSSM | 9d12d | 46d49d | 379dn/a | n/an/a |
QVMM | MSSM | |
Last sale 3/11/2026 at 1:30 PM | $32.08 | $51.75 |
| Previous close 03/11/2026 | $32.15 | $52.42 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
QVMM | MSSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
QVMM | MSSM | |
|---|---|---|
| Last price | $32.08 | $51.75 |
| 1D performance | -0.22% | -1.28% |
| AuM | $390.92 M | $701.87 M |
| E/R | 0.15% | 0.9% |
QVMM | MSSM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | Morgan Stanley |
| Benchmark | S&P MidCap 400 Quality, Value & Momentum Top 90% Multi-factor Index | - |
| N° of holdings | 345 | 1919 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 30, 2021 | December 9, 2024 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the QVMM and MSSM ETFs performed in 2026?
As of March 11, 2026, QVMM is up 4.33% year-to-date (YTD), while MSSM has returned 4%. That puts QVMM better performer ahead so far this year.
Which ETF is attracting more investor money: QVMM or MSSM?
Year-to-date, the QVMM ETF saw +$3M in flows, compared to -$8M for MSSM.
Which ETF is more volatile: QVMM or MSSM?
Over the past year, QVMM had a volatility of 20.57%, while MSSM experienced 22.01%.
Which ETF is bigger: QVMM or MSSM?
As of March 11, 2026, QVMM holds $390.92 M in assets under management (AUM), while MSSM manages $701.87 M.
What sectors do the QVMM and MSSM ETFs invest in?
QVMM leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, MSSM focuses on Industrials, Information Technology and Financials.
What are the top holdings of the QVMM ETF and MSSM ETF?
QVMM top holdings include CIENA, PURE STORAGE and US19247G1076. MSSM holds in its top three: US04351P1012, TECHNIPFMC PLC and COMFORT SYSTEMS USA.
Which ETF is more diversified: QVMM or MSSM?
QVMM holds 358 securities with 11.29% of its assets in the top 15. MSSM has 1968 securities and a top 15 weight of 10.34%.
Active Trader Report: Use of Leveraged & Inverse ETFs Way Up
Direxion partnered with Compound Insights and Vanda to explore what’s driving the evolution of active trading — and how active traders are using leveraged and inverse funds across equities, single stocks, commodities, and volatility.
