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QVMMvsSMOXETF Comparison

ETF 1
QVMM

Invesco S&P MidCap 400 QVM Multi-factor ETF

This fund is part of
US Multi-Factor
+0%
VS
ETF 2
SMOX

Horizon Small/Mid Cap Core Equity ETF

This fund is part of
Options Strategies
-0.04%

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. QVMM's top 3 sector exposures are Industrials, Financials and Information Technology. In contrast, SMOX's top sector exposures are Industrials, Financials and Consumer Discretionary. QVMM is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.75% for SMOX. QVMM is up 11.57% year-to-date (YTD) with +$2M in YTD flows. SMOX performs better with 14.79% YTD performance, and -$445K 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

0246810%Mar 27Apr 6Apr 13Apr 20Apr 27

Cumulative Flows

-1,400,000-1,200,000-1,000,000-800,000-600,000-400,000-200,0000Mar 27Apr 6Apr 13Apr 20Apr 27

Get all the metrics on this page, and more, through a reliable ETF data feed

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

Historic performance and flows
Data as of 04/27/2026
1M3MYTD1Y3Y5Y
Perf.
QVMM
SMOX
+10.07%+10.79%
+5.70%+8.19%
+11.57%+14.79%
+31.71%n/a
+56.72%n/a
n/an/a
Flows
QVMM
SMOX
-$1M-
+$2M+$77K
+$2M-$445K
-$2M-
+$36M-
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
QVMM
SMOX
+17.59%+17.36%
+15.56%n/a
+17.83%n/a
n/an/a
Max drawdown
QVMM
SMOX
-8.41%-7.75%
-8.41%n/a
-23.85%n/a
n/an/a
Max drawdown duration
QVMM
SMOX
42d37d
42dn/a
379dn/a
n/an/a
Trading data

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QVMM
SMOX
Last sale
4/27/2026 at 4:31 PM
$34.22
$28.61
Previous close
04/27/2026
$34.19
$28.89
Consolidated volume
04/27/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of March 31, 2026
1-year trailing difference

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SMOX
is actively managed and doesn’t replicate an index

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QVMM
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 4/27/2026 at 4:31 PM
Live
Closed
QVMM
SMOX
Last price
$34.22
$28.61
1D performance
+0.11%
-0.96%
AuM$415.28 M$58.92 M
E/R0.15%0.75%
Characteristics
QVMM
SMOX
Management strategyPassiveActive
ProviderInvescoHorizon Investments
BenchmarkS&P MidCap 400 Quality, Value & Momentum Top 90% Multi-factor Index-
N° of holdings343267
Asset classEquities-
Trailing 12m distribution yield
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Inception dateJune 30, 2021December 3, 2025
ESGNoNo
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Exposure

Countries

QVMM
USA
93.18%
Other
6.82%
SMOX
USA
94.03%
Other
5.97%

Sectors

QVMM
Industrials
22.82%
Financials
13.59%
Information Techn.
11.61%
Consumer Discreti.
10.31%
Health Care
8.88%
Other
32.79%
SMOX
Industrials
20.9%
Financials
14.05%
Consumer Discreti.
10.85%
Information Techn.
10.29%
Health Care
8.7%
Energy
7.02%
Other
28.19%
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Diversification

QVMM

Total weight of top 15 holdings out of 15

10.93%
SMOX

Total weight of top 15 holdings out of 15

15.42%

Top 15 holdings

Data as of March 31, 2026
QVMM
TECHNIPFMC PLC
0.97%
CASEYS GENERAL STORES
0.87%
CURTISS WRIGHT
0.81%
XPO LOGISTICS
0.79%
FLEX LTD
0.78%
US FOODS HOLDING CORP
0.70%
WOODWARD
0.69%
ROYAL GOLD
0.69%
UTD THERAPEUT
0.68%
FABRINET
0.68%
NVENT ELECTRIC PLC
0.66%
ILLUMINA
0.65%
ATI INC
0.65%
BURLINGTON STORES
0.65%
ENTEGRIS
0.64%
SMOX
UTD THERAPEUT
1.39%
TECHNIPFMC PLC
1.38%
CASEYS GENERAL STORES
1.37%
CURTISS WRIGHT
1.21%
US19247G1076
1.11%
TENET HEALTHCARE
1.11%
WOODWARD
0.98%
ALCOA CORP
0.98%
US FOODS HOLDING CORP
0.92%
US71424F1057
0.91%
TD SYNNEX
0.84%
NEW YORK TIMES
0.82%
TOLL BROTHERS
0.81%
NVENT ELECTRIC PLC
0.81%
RBC BEARINGS
0.78%
Frequently asked questions about QVMM and SMOX

How have the QVMM and SMOX ETFs performed in 2026?

As of April 27, 2026, QVMM is up 11.57% year-to-date (YTD), while SMOX has returned 14.79%. 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 -$445K for SMOX.

Which ETF is bigger: QVMM or SMOX?

As of April 27, 2026, QVMM holds $415.28 M in assets under management (AUM), while SMOX manages $58.92 M.

What sectors do the QVMM and SMOX ETFs invest in?

QVMM leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, SMOX focuses on Industrials, Financials and Consumer Discretionary.

What are the top holdings of the QVMM ETF and SMOX ETF?

QVMM top holdings include TECHNIPFMC PLC, CASEYS GENERAL STORES and CURTISS WRIGHT. SMOX holds in its top three: UTD THERAPEUT, TECHNIPFMC PLC and CASEYS GENERAL STORES.

Which ETF is more diversified: QVMM or SMOX?

QVMM holds 360 securities with 10.93% of its assets in the top 15. SMOX has 280 securities and a top 15 weight of 15.42%.

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