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QVMSvsOVSETF Comparison

ETF 1
QVMS

Invesco S&P SmallCap 600 QVM Multi-factor ETF

This fund is part of
US Multi-Factor
-0.38%
VS
ETF 2
OVS

Overlay Shares Small Cap Equity ETF

This fund is part of
Options Strategies
-0.16%

Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) belongs to the US Multi-Factor segment. Overlay Shares Small Cap Equity ETF (OVS) is part of the Options Strategies segment. QVMS's top 3 sector exposures are Industrials, Financials and Consumer Discretionary. In contrast, OVS's top sector exposures are Industrials, Financials and Information Technology. QVMS is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.83% for OVS. QVMS is up 13.41% year-to-date (YTD) with -$707K in YTD flows. OVS performs better with 14.98% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of QVMS and OVS 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 OVS performance and flow charts

Performance

02468101214%Mar 30Apr 7Apr 14Apr 21Apr 28

Cumulative Flows

Mar 30Apr 7Apr 14Apr 21Apr 28

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Historic performance and flows
Data as of 04/28/2026
1M3MYTD1Y3Y5Y
Perf.
QVMS
OVS
+12.20%+13.22%
+7.57%+8.20%
+13.41%+14.98%
+36.94%+42.66%
+54.14%+56.79%
n/a+31.18%
Flows
QVMS
OVS
--
-$409K+$2M
-$707K+$2M
-$601K+$5M
-$34M+$9M
-+$12M
Volatility and drawdown
3M1Y3Y5Y
Volatility
QVMS
OVS
+17.98%+19.71%
+17.88%+19.63%
+20.34%+22.39%
n/a+23.33%
Max drawdown
QVMS
OVS
-8.69%-8.40%
-8.69%-8.59%
-27.75%-30.33%
n/a-30.41%
Max drawdown duration
QVMS
OVS
59d59d
59d36d
380d380d
n/a995d
Trading data

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QVMS
OVS
Last sale
4/28/2026 at 1:30 PM
$31.89
$39.57
Previous close
04/28/2026
$32.07
$40.14
Consolidated volume
04/28/2026
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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OVS
is actively managed and doesn’t replicate an index

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QVMS
OVS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 4/28/2026 at 1:30 PM
Live
Closed
QVMS
OVS
Last price
$31.89
$39.57
1D performance
-0.54%
-1.42%
AuM$233.72 M$20.18 M
E/R0.15%0.83%
Characteristics
QVMS
OVS
Management strategyPassiveActive
ProviderInvescoOverlay Shares
BenchmarkS&P SmallCap 600 Quality, Value & Momentum Top 90% Multi-factor Index-
N° of holdings500559
Asset classEquities-
Trailing 12m distribution yield
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Inception dateJune 30, 2021September 25, 2019
ESGNoNo
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Exposure

Countries

QVMS
USA
96.26%
Other
3.74%
OVS
USA
97.78%
Other
2.22%

Sectors

QVMS
Industrials
16.96%
Financials
16.8%
Consumer Discreti.
14.05%
Information Techn.
12.55%
Health Care
9.89%
Other
29.75%
OVS
Industrials
16.26%
Financials
15.9%
Information Techn.
13.18%
Consumer Discreti.
13.15%
Health Care
10.11%
Other
31.4%
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Diversification

QVMS

Total weight of top 15 holdings out of 15

8.31%
OVS

Total weight of top 15 holdings out of 15

8.22%

Top 15 holdings

Data as of March 31, 2026
QVMS
EASTMAN CHEMICAL
0.65%
PRIMORIS SERVICES
0.63%
SANMINA CORP
0.63%
FORMFACTOR
0.59%
ELEMENT SOLUTIONS INC
0.59%
LKQ
0.58%
VIAVI SOLUTIONS INC
0.55%
ESCO TECHNOLOGIES
0.53%
ARMSTRONG WORLD INDUSTRIES
0.52%
ZURN WATER SOLUTIONS CORP
0.52%
JACKSON FINANCIAL INC
0.51%
JOHN BEAN TECHNOLOGIES
0.50%
GLAUKOS
0.50%
INSTALLED BUILDING PRODUCTS
0.50%
QORVO INC.
0.50%
OVS
US0669224778
1.36%
EASTMAN CHEMICAL
0.57%
ELEMENT SOLUTIONS INC
0.51%
PRIMORIS SERVICES
0.50%
VIAVI SOLUTIONS INC
0.50%
ARGAN
0.49%
LKQ
0.49%
FORMFACTOR
0.49%
JACKSON FINANCIAL INC
0.49%
ESCO TECHNOLOGIES
0.48%
MATCH GROUP
0.47%
CELANESE SR
0.47%
SEMTECH
0.46%
ARMSTRONG WORLD INDUSTRIES
0.46%
SANMINA CORP
0.46%
Frequently asked questions about QVMS and OVS

How have the QVMS and OVS ETFs performed in 2026?

As of April 28, 2026, QVMS is up 13.41% year-to-date (YTD), while OVS has returned 14.98%. That puts OVS better performer ahead so far this year.

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

Year-to-date, the QVMS ETF saw -$707K in flows, compared to +$2M for OVS.

Which ETF is more volatile: QVMS or OVS?

Over the past year, QVMS had a volatility of 17.88%, while OVS experienced 19.63%.

Which ETF is bigger: QVMS or OVS?

As of April 28, 2026, QVMS holds $233.72 M in assets under management (AUM), while OVS manages $20.18 M.

What sectors do the QVMS and OVS ETFs invest in?

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

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

QVMS top holdings include EASTMAN CHEMICAL, PRIMORIS SERVICES and SANMINA CORP. OVS holds in its top three: US0669224778, EASTMAN CHEMICAL and ELEMENT SOLUTIONS INC.

Which ETF is more diversified: QVMS or OVS?

QVMS holds 539 securities with 8.31% of its assets in the top 15. OVS has 604 securities and a top 15 weight of 8.22%.

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