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 15.38% year-to-date (YTD) with +$2M in YTD flows. SPMD performs worse with 14.56% YTD performance, and +$1.12B 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 07/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QVMM SPMD | -1.18%-1.51% | +3.49%+3.62% | +15.38%+14.56% | +22.56%+20.93% | +46.44%+44.04% | +51.16%+50.63% |
| Flows | QVMM SPMD | -$353K+$301M | -$353K+$670M | +$2M+$1.12B | -$1M+$1.94B | +$36M+$6.95B | +$98M+$9.34B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QVMM SPMD | +14.84%+14.49% | +15.46%+15.63% | +17.77%+17.86% | +19.36%+19.56% |
| Max drawdown | QVMM SPMD | -4.70%-4.26% | -8.41%-8.82% | -23.85%-23.98% | -23.85%-23.98% |
| Max drawdown duration | QVMM SPMD | 26d26d | 42d53d | 379d379d | 379d379d |
Trading data
QVMM | SPMD | |
Last sale 7/31/2026 at 1:30 PM | $35.35 | $66.67 |
| Previous close 07/31/2026 | $35.32 | $65.98 |
| 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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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 7/31/2026 at 1:30 PM
Live
Closed
QVMM | SPMD | |
|---|---|---|
| Last price | $35.35 | $66.67 |
| 1D performance | +0.08% | +1.05% |
| AuM | $427.92 M | $18.26 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
96.32%
Other
3.68%
SPMD
USA
96.33%
Other
3.67%
Sectors
QVMM
Finance
22.85%
Industrials
20.27%
Technology
13.76%
Non-Energy Materi.
10.98%
Healthcare
7.49%
Other
24.64%
SPMD
Finance
21.83%
Industrials
18.56%
Technology
15.38%
Non-Energy Materi.
10.68%
Healthcare
8.55%
Other
24.99%
Diversification
QVMM
Total weight of top 15 holdings out of 15
11.99%
SPMD
Total weight of top 15 holdings out of 15
11.17%
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%
SPMD
Twilio, Inc.
0.86%
Carpenter Technology Corp.
0.84%
MKS, Inc.
0.83%
Curtiss-Wright Corp.
0.77%
Entegris, Inc.
0.76%
nVent Electric Plc
0.76%
ATI, Inc.
0.74%
Illumina, Inc.
0.73%
TechnipFMC plc
0.73%
Sterling Infrastructure, Inc.
0.71%
MasTec, Inc.
0.71%
Woodward, Inc.
0.70%
MACOM Technology Solutions Holdings, Inc.
0.69%
Everpure, Inc.
0.69%
XPO, Inc.
0.66%
Frequently asked questions about QVMM and SPMD
How have the QVMM and SPMD ETFs performed in 2026?
As of July 31, 2026, QVMM is up 15.38% year-to-date (YTD), while SPMD has returned 14.56%. 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 +$2M in flows, compared to +$1.12B for SPMD.
Which ETF is more volatile: QVMM or SPMD?
Over the past year, QVMM had a volatility of 15.46%, while SPMD experienced 15.63%.
Which ETF is bigger: QVMM or SPMD?
As of July 31, 2026, QVMM holds $427.92 M in assets under management (AUM), while SPMD manages $18.26 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 Curtiss-Wright Corp., nVent Electric Plc and Sterling Infrastructure, Inc.. SPMD holds in its top three: Twilio, Inc., Carpenter Technology Corp. and MKS, Inc..
Which ETF is more diversified: QVMM or SPMD?
QVMM holds 360 securities with 11.99% of its assets in the top 15. SPMD has 400 securities and a top 15 weight of 11.17%.
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