QVMSvsSPSMETF Comparison
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Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) belongs to the US Multi-Factor segment. State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is part of the US Small Cap segment. QVMS's top 3 sector exposures are Financials, Industrials and Information Technology. In contrast, SPSM's top sector exposures are Industrials, Financials and Information Technology. QVMS is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.03% for SPSM. QVMS is up 19.93% year-to-date (YTD) with -$1M in YTD flows. SPSM performs worse with 19.13% YTD performance, and +$560M in YTD flows. Run a side-by-side ETF comparison of QVMS and SPSM 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 SPSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QVMS SPSM | +7.10%+6.39% | +17.00%+16.48% | +19.93%+19.13% | +35.36%+35.06% | +54.15%+51.77% | n/a+35.73% |
| Flows | QVMS SPSM | -$640K+$23M | -$1M+$4M | -$1M+$560M | -$1M+$1.22B | -$35M+$4.16B | -+$8.10B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QVMS SPSM | +17.98%+17.32% | +17.60%+17.69% | +20.16%+20.34% | n/a+21.49% |
| Max drawdown | QVMS SPSM | -4.06%-4.14% | -8.69%-8.68% | -27.75%-27.91% | n/a-27.91% |
| Max drawdown duration | QVMS SPSM | 16d16d | 59d59d | 380d380d | n/a380d |
Trading data
QVMS | SPSM | |
Last sale 6/17/2026 at 1:30 PM | $33.28 | $54.90 |
| Previous close 06/16/2026 | $33.69 | $55.65 |
| Consolidated volume 06/16/2026 | ||
| 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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QVMS | SPSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/17/2026 at 1:30 PM
Live
Closed
QVMS | SPSM | |
|---|---|---|
| Last price | $33.28 | $54.90 |
| 1D performance | -1.22% | -1.35% |
| AuM | $246.46 M | $16.13 B |
| E/R | 0.15% | 0.03% |
Characteristics
QVMS | SPSM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | S&P SmallCap 600 Quality, Value & Momentum Top 90% Multi-factor Index | S&P SmallCap 600 Index |
| N° of holdings | 497 | 557 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 30, 2021 | July 8, 2013 |
| ESG | No | No |
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Exposure
Countries
QVMS
USA
96.15%
Other
3.85%
SPSM
USA
96.45%
Other
3.55%
Sectors
QVMS
Financials
16.97%
Industrials
16.79%
Information Techn.
13.84%
Consumer Discreti.
13.81%
Health Care
9.98%
Other
28.61%
SPSM
Industrials
15.98%
Financials
15.69%
Information Techn.
14.29%
Consumer Discreti.
12.7%
Health Care
10.05%
Other
31.28%
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Diversification
QVMS
Total weight of top 15 holdings out of 15
9.1%
SPSM
Total weight of top 15 holdings out of 15
8.46%
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%
SPSM
VIAVI SOLUTIONS INC
0.72%
SANMINA CORP
0.71%
FORMFACTOR
0.63%
MOLINA HLTHCRE
0.60%
PRIMORIS SERVICES
0.58%
SEMTECH
0.58%
ELEMENT SOLUTIONS INC
0.58%
ARGAN
0.55%
VIASAT
0.53%
MATCH GROUP
0.53%
ESCO TECHNOLOGIES
0.50%
LUMEN TECHNOLOGIES INC
0.50%
EASTMAN CHEMICAL
0.50%
GLAUKOS
0.49%
JACKSON FINANCIAL INC
0.49%
Frequently asked questions about QVMS and SPSM
How have the QVMS and SPSM ETFs performed in 2026?
As of June 16, 2026, QVMS is up 19.93% year-to-date (YTD), while SPSM has returned 19.13%. That puts QVMS better performer ahead so far this year.
Which ETF is attracting more investor money: QVMS or SPSM?
Year-to-date, the QVMS ETF saw -$1M in flows, compared to +$560M for SPSM.
Which ETF is more volatile: QVMS or SPSM?
Over the past year, QVMS had a volatility of 17.6%, while SPSM experienced 17.69%.
Which ETF is bigger: QVMS or SPSM?
As of June 16, 2026, QVMS holds $246.46 M in assets under management (AUM), while SPSM manages $16.13 B.
What sectors do the QVMS and SPSM ETFs invest in?
QVMS leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, SPSM focuses on Industrials, Financials and Information Technology.
What are the top holdings of the QVMS ETF and SPSM ETF?
QVMS top holdings include SANMINA CORP, FORMFACTOR and PRIMORIS SERVICES. SPSM holds in its top three: VIAVI SOLUTIONS INC, SANMINA CORP and FORMFACTOR.
Which ETF is more diversified: QVMS or SPSM?
QVMS holds 536 securities with 9.1% of its assets in the top 15. SPSM has 603 securities and a top 15 weight of 8.46%.
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Latest news about QVMS & SPSM
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