QVMMvsSPMDETF Comparison
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Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) belongs to the US Multi-Factor segment. State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is part of the US Mid Cap segment. Both ETFs have the same top 3 sector exposures: Finance, Industrials and Technology. QVMM is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.03% for SPMD. QVMM is up 12.65% year-to-date (YTD) with +$5M in YTD flows. SPMD performs worse with 11.98% YTD performance, and +$1.99B in YTD flows. Run a side-by-side ETF comparison of QVMM and SPMD 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 SPMD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QVMM SPMD | +2.60%+1.90% | -2.47%-2.40% | +12.65%+11.98% | +16.07%+15.05% | +64.75%+63.13% | +40.09%+38.58% |
| Flows | QVMM SPMD | +$676K+$319M | +$2M+$889M | +$5M+$1.99B | +$2M+$2.44B | +$38M+$7.48B | +$98M+$9.96B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QVMM SPMD | +11.94%+12.14% | +14.81%+14.93% | +17.55%+17.63% | +19.28%+19.49% |
| Max drawdown | QVMM SPMD | -8.70%-8.24% | -8.70%-8.82% | -23.85%-23.98% | -23.85%-23.98% |
| Max drawdown duration | QVMM SPMD | 75d75d | 75d53d | 379d379d | 379d379d |
Trading data
QVMM | SPMD | |
Last sale 10/30/2026 at 1:30 PM | $34.28 | $64.24 |
| Previous close 10/29/2026 | $34.63 | $65.01 |
| Consolidated volume 10/29/2026 | ||
| 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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QVMM | SPMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
QVMM | SPMD | |
|---|---|---|
| Last price | $34.28 | $64.24 |
| 1D performance | -1.00% | -1.18% |
| AuM | $419.01 M | $18.64 B |
| E/R | 0.15% | 0.03% |
Characteristics
QVMM | SPMD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | S&P MidCap 400 Quality, Value & Momentum Top 90% Multi-factor Index | S&P MidCap 400 Index |
| N° of holdings | 360 | 400 |
| 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
QVMM
USA
96.06%
Other
3.94%
SPMD
USA
96.13%
Other
3.87%
Sectors
QVMM
Finance
23.3%
Industrials
17.38%
Technology
14.19%
Non-Energy Materi.
10.8%
Healthcare
9.1%
Other
25.24%
SPMD
Finance
22.45%
Industrials
16.48%
Technology
15.78%
Non-Energy Materi.
10.11%
Healthcare
10.07%
Other
25.11%
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Diversification
QVMM
Total weight of top 15 holdings out of 15
11.79%
SPMD
Total weight of top 15 holdings out of 15
10.81%
Top 15 holdings
Data as of September 30, 2026
QVMM
Twilio, Inc.
1.47%
Okta, Inc.
1.10%
TechnipFMC plc
0.92%
nVent Electric Plc
0.80%
ATI, Inc.
0.79%
US Foods Holding Corp.
0.72%
Tenet Healthcare Corp.
0.71%
XPO, Inc.
0.71%
Entegris, Inc.
0.70%
United Therapeutics Corp.
0.67%
Curtiss-Wright Corp.
0.66%
Carpenter Technology Corp.
0.65%
Woodward, Inc.
0.63%
Royal Gold, Inc.
0.63%
Reliance, Inc.
0.63%
SPMD
Twilio, Inc.
1.32%
Okta, Inc.
1.02%
TechnipFMC plc
0.79%
nVent Electric Plc
0.77%
ATI, Inc.
0.76%
Entegris, Inc.
0.69%
United Therapeutics Corp.
0.69%
XPO, Inc.
0.61%
Tenet Healthcare Corp.
0.61%
TD SYNNEX Corp.
0.61%
Roku, Inc.
0.59%
Curtiss-Wright Corp.
0.59%
Royal Gold, Inc.
0.59%
US Foods Holding Corp.
0.59%
Roivant Sciences Ltd.
0.58%
Frequently asked questions about QVMM and SPMD
How have the QVMM and SPMD ETFs performed in 2026?
As of October 30, 2026, QVMM is up 12.65% year-to-date (YTD), while SPMD has returned 11.98%. That puts QVMM better performer ahead so far this year.
Which ETF is attracting more investor money: QVMM or SPMD?
Year-to-date, the QVMM ETF saw +$5M in flows, compared to +$1.99B for SPMD.
Which ETF is more volatile: QVMM or SPMD?
Over the past year, QVMM had a volatility of 14.81%, while SPMD experienced 14.93%.
Which ETF is bigger: QVMM or SPMD?
As of October 30, 2026, QVMM holds $419.01 M in assets under management (AUM), while SPMD manages $18.64 B.
What sectors do the QVMM and SPMD ETFs invest in?
QVMM leans toward sectors like Finance, Industrials and Technology. Meanwhile, SPMD focuses on Finance, Industrials and Technology.
What are the top holdings of the QVMM ETF and SPMD ETF?
QVMM top holdings include Twilio, Inc., Okta, Inc. and TechnipFMC plc. SPMD holds in its top three: Twilio, Inc., Okta, Inc. and TechnipFMC plc.
Which ETF is more diversified: QVMM or SPMD?
QVMM holds 360 securities with 11.79% of its assets in the top 15. SPMD has 400 securities and a top 15 weight of 10.81%.
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