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QVMSvsIVSSETF Comparison

ETF 1
QVMS

Invesco S&P SmallCap 600 QVM Multi-factor ETF

This fund is part of
US Multi-Factor
+0.58%
VS
ETF 2
IVSS

Applied Finance IVS US SMID ETF

This fund is part of
US Multi-Factor
+0.58%

Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) and Applied Finance IVS US SMID ETF (IVSS) belong to the same industry segment: US Multi-Factor. QVMS's top 3 sector exposures are Financials, Industrials and Information Technology. In contrast, IVSS's top sector exposures are Industrials, Information Technology and Financials. QVMS is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.59% for IVSS. QVMS is up 20.69% year-to-date (YTD) with -$2M in YTD flows. IVSS performs worse with 14.77% YTD performance, and +$18M in YTD flows. Run a side-by-side ETF comparison of QVMS and IVSS 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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QVMS vs IVSS performance and flow charts

Performance

-4.0-2.00.02.04.06.0%May 11May 18May 25Jun 1Jun 8

Cumulative Flows

-1 M-0.5 M0 M0.5 M1 M1.5 MMay 11May 18May 25Jun 1Jun 8

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

Historic performance and flows
Data as of 06/12/2026
1M3MYTD1Y3Y5Y
Perf.
QVMS
IVSS
+6.58%+2.97%
+18.50%+10.88%
+20.69%+14.77%
+34.97%n/a
+55.29%n/a
n/an/a
Flows
QVMS
IVSS
-$977K+$1M
-$1M+$9M
-$2M+$18M
-$2M-
-$35M-
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
QVMS
IVSS
+17.94%+15.55%
+17.72%n/a
+20.16%n/a
n/an/a
Max drawdown
QVMS
IVSS
-4.06%-3.51%
-8.69%n/a
-27.75%n/a
n/an/a
Max drawdown duration
QVMS
IVSS
16d19d
59dn/a
380dn/a
n/an/a
Trading data

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QVMS
IVSS
Last sale
6/12/2026 at 1:30 PM
$33.93
$29.19
Previous close
06/11/2026
$33.61
$28.93
Consolidated volume
06/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of May 29, 2026
1-year trailing difference

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IVSS
is actively managed and doesn’t replicate an index

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QVMS
IVSS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
QVMS
IVSS
Last price
$33.93
$29.19
1D performance
+0.96%
+0.88%
AuM$247.69 M$26.02 M
E/R0.15%0.59%
Characteristics
QVMS
IVSS
Management strategyPassiveActive
ProviderInvescoApplied Finance
BenchmarkS&P SmallCap 600 Quality, Value & Momentum Top 90% Multi-factor Index-
N° of holdings497318
Asset classEquities-
Trailing 12m distribution yield
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Inception dateJune 30, 2021December 3, 2025
ESGNoNo
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Exposure

Countries

QVMS
USA
96.15%
Other
3.85%
IVSS
USA
76.3%
Other
23.7%

Sectors

QVMS
Financials
16.97%
Industrials
16.79%
Information Techn.
13.84%
Consumer Discreti.
13.81%
Health Care
9.98%
Other
28.61%
IVSS
Industrials
14.18%
Information Techn.
13.05%
Financials
12.01%
Health Care
10.77%
Consumer Discreti.
9.94%
Energy
7.51%
Other
32.54%
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Diversification

QVMS

Total weight of top 15 holdings out of 15

9.1%
IVSS

Total weight of top 15 holdings out of 15

19.24%

Top 15 holdings

Data as of April 30, 2026
QVMS
SANMINA CORP
0.82%
FORMFACTOR
0.78%
PRIMORIS SERVICES
0.69%
VIAVI SOLUTIONS INC
0.65%
ELEMENT SOLUTIONS INC
0.64%
SEMTECH
0.60%
EASTMAN CHEMICAL
0.60%
STONEX GROUP INC
0.57%
LKQ
0.56%
ZURN WATER SOLUTIONS CORP
0.56%
ESCO TECHNOLOGIES
0.55%
GLAUKOS
0.53%
JACKSON FINANCIAL INC
0.52%
ARMSTRONG WORLD INDUSTRIES
0.52%
INSTALLED BUILDING PRODUCTS
0.51%
IVSS
INTERDIGITAL
2.04%
STERLING INFRASTRUCTURE INC
1.84%
PJT PARTNERS
1.55%
HEALTHEQUITY I/D
1.48%
OTTER TAIL PWR
1.29%
ENSIGN GROUP
1.28%
MERCURY GENERAL
1.28%
SOUTHWEST GAS
1.24%
TANGER FACTORY REIT
1.12%
COEUR MINING INC
1.11%
ACI WORLDWIDE
1.08%
LANTHEUS HOLDINGS
1.01%
CHART INDUSTRIES
1.01%
MAXIMUS
0.98%
KINETIK HOLDINGS INC
0.93%
Frequently asked questions about QVMS and IVSS

How have the QVMS and IVSS ETFs performed in 2026?

As of June 12, 2026, QVMS is up 20.69% year-to-date (YTD), while IVSS has returned 14.77%. That puts QVMS better performer ahead so far this year.

Which ETF is attracting more investor money: QVMS or IVSS?

Year-to-date, the QVMS ETF saw -$2M in flows, compared to +$18M for IVSS.

Which ETF is bigger: QVMS or IVSS?

As of June 12, 2026, QVMS holds $247.69 M in assets under management (AUM), while IVSS manages $26.02 M.

What sectors do the QVMS and IVSS ETFs invest in?

QVMS leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, IVSS focuses on Industrials, Information Technology and Financials.

What are the top holdings of the QVMS ETF and IVSS ETF?

QVMS top holdings include SANMINA CORP, FORMFACTOR and PRIMORIS SERVICES. IVSS holds in its top three: INTERDIGITAL, STERLING INFRASTRUCTURE INC and PJT PARTNERS.

Which ETF is more diversified: QVMS or IVSS?

QVMS holds 536 securities with 9.1% of its assets in the top 15. IVSS has 321 securities and a top 15 weight of 19.24%.

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