QVMMvsSMOXETF Comparison
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Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) belongs to the US Multi-Factor segment. Horizon Small/Mid Cap Core Equity ETF (SMOX) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Finance, Industrials and Technology. QVMM is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.75% for SMOX. QVMM is up 15.38% year-to-date (YTD) with +$2M in YTD flows. SMOX performs better with 19.61% YTD performance, and +$16M in YTD flows. Run a side-by-side ETF comparison of QVMM and SMOX 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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QVMM vs SMOX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QVMM SMOX | -1.18%-1.78% | +3.49%+4.04% | +15.38%+19.61% | +22.56%n/a | +46.44%n/a | +51.16%n/a |
| Flows | QVMM SMOX | -$353K+$5M | -$353K+$16M | +$2M+$16M | -$1M- | +$36M- | +$98M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QVMM SMOX | +14.84%+13.70% | +15.46%n/a | +17.77%n/a | +19.36%n/a |
| Max drawdown | QVMM SMOX | -4.70%-3.42% | -8.41%n/a | -23.85%n/a | -23.85%n/a |
| Max drawdown duration | QVMM SMOX | 26d16d | 42dn/a | 379dn/a | 379dn/a |
Trading data
QVMM | SMOX | |
Last sale 7/31/2026 at 1:30 PM | $35.35 | $30.37 |
| Previous close 07/31/2026 | $35.32 | $30.09 |
| Consolidated volume 07/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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SMOX
is actively managed and doesn’t replicate an indexQVMM | SMOX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
QVMM | SMOX | |
|---|---|---|
| Last price | $35.35 | $30.37 |
| 1D performance | +0.08% | +0.90% |
| AuM | $427.92 M | $78.25 M |
| E/R | 0.15% | 0.75% |
Characteristics
QVMM | SMOX | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | Horizon Investments |
| Benchmark | S&P MidCap 400 Quality, Value & Momentum Top 90% Multi-factor Index | - |
| N° of holdings | 360 | 288 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 30, 2021 | December 3, 2025 |
| ESG | No | No |
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Exposure
Countries
QVMM
USA
96.32%
Other
3.68%
SMOX
USA
94.71%
Other
5.29%
Sectors
QVMM
Finance
22.85%
Industrials
20.27%
Technology
13.76%
Non-Energy Materi.
10.98%
Healthcare
7.49%
Other
24.64%
SMOX
Finance
23%
Industrials
17.05%
Technology
13.5%
Non-Energy Materi.
9.26%
Healthcare
8.78%
Other
28.41%
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Diversification
QVMM
Total weight of top 15 holdings out of 15
11.99%
SMOX
Total weight of top 15 holdings out of 15
14.65%
Top 15 holdings
Data as of June 30, 2026
QVMM
Curtiss-Wright Corp.
0.87%
nVent Electric Plc
0.85%
Sterling Infrastructure, Inc.
0.84%
MasTec, Inc.
0.83%
Illumina, Inc.
0.82%
MKS, Inc.
0.81%
Twilio, Inc.
0.81%
Carpenter Technology Corp.
0.80%
Entegris, Inc.
0.80%
Everpure, Inc.
0.79%
ATI, Inc.
0.78%
TechnipFMC plc
0.77%
Woodward, Inc.
0.74%
MACOM Technology Solutions Holdings, Inc.
0.74%
United Therapeutics Corp.
0.73%
SMOX
Flex Ltd.
1.27%
Curtiss-Wright Corp.
1.20%
TD SYNNEX Corp.
1.19%
TechnipFMC plc
1.12%
United Therapeutics Corp.
1.09%
Woodward, Inc.
1.04%
Twilio, Inc.
1.01%
nVent Electric Plc
1.00%
Tenet Healthcare Corp.
0.94%
Toll Brothers, Inc.
0.86%
US Foods Holding Corp.
0.84%
ATI, Inc.
0.80%
RBC Bearings, Inc.
0.78%
BorgWarner, Inc.
0.76%
Reliance, Inc.
0.75%
Frequently asked questions about QVMM and SMOX
How have the QVMM and SMOX ETFs performed in 2026?
As of July 31, 2026, QVMM is up 15.38% year-to-date (YTD), while SMOX has returned 19.61%. That puts SMOX better performer ahead so far this year.
Which ETF is attracting more investor money: QVMM or SMOX?
Year-to-date, the QVMM ETF saw +$2M in flows, compared to +$16M for SMOX.
Which ETF is bigger: QVMM or SMOX?
As of July 31, 2026, QVMM holds $427.92 M in assets under management (AUM), while SMOX manages $78.25 M.
What sectors do the QVMM and SMOX ETFs invest in?
QVMM leans toward sectors like Finance, Industrials and Technology. Meanwhile, SMOX focuses on Finance, Industrials and Technology.
What are the top holdings of the QVMM ETF and SMOX ETF?
QVMM top holdings include Curtiss-Wright Corp., nVent Electric Plc and Sterling Infrastructure, Inc.. SMOX holds in its top three: Flex Ltd., Curtiss-Wright Corp. and TD SYNNEX Corp..
Which ETF is more diversified: QVMM or SMOX?
QVMM holds 360 securities with 11.99% of its assets in the top 15. SMOX has 288 securities and a top 15 weight of 14.65%.
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