QVMSvsSPSMETF Comparison
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Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) and State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) belong to the same industry segment: US Multi-Factor. QVMS's top 3 sector exposures are Finance, Industrials and Technology. In contrast, SPSM's top sector exposures are Finance, Technology and Industrials. QVMS is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.03% for SPSM. QVMS is up 18.47% year-to-date (YTD) with -$1M in YTD flows. SPSM performs worse with 18.22% YTD performance, and +$818M 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 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QVMS SPSM | -4.55%-4.42% | +1.71%+2.17% | +18.47%+18.22% | +20.92%+21.90% | +53.90%+52.37% | +47.16%+40.70% |
| Flows | QVMS SPSM | -$339K-$419M | +$684K+$275M | -$1M+$818M | -$1M+$996M | -$35M+$3.79B | +$109M+$8.25B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QVMS SPSM | +14.38%+13.89% | +16.77%+16.72% | +20.13%+20.24% | +20.90%+21.25% |
| Max drawdown | QVMS SPSM | -6.20%-5.96% | -8.69%-8.68% | -27.75%-27.91% | -27.75%-27.91% |
| Max drawdown duration | QVMS SPSM | 25d25d | 59d59d | 380d380d | 380d380d |
Trading data
QVMS | SPSM | |
Last sale 9/11/2026 at 1:30 PM | $33.43 | $55.31 |
| Previous close 09/10/2026 | $33.22 | $55.01 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 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 9/11/2026 at 1:30 PM
Live
Closed
QVMS | SPSM | |
|---|---|---|
| Last price | $33.43 | $55.31 |
| 1D performance | +0.63% | +0.55% |
| AuM | $243.13 M | $16.21 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 GARP Index |
| N° of holdings | 528 | 600 |
| 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
97.45%
Other
2.55%
SPSM
USA
97.23%
Other
2.77%
Sectors
QVMS
Finance
27.12%
Industrials
13.03%
Technology
12.12%
Healthcare
10.27%
Consumer Cyclical.
9.15%
Other
28.32%
SPSM
Finance
26.65%
Technology
12.84%
Industrials
12.29%
Healthcare
10.65%
Consumer Cyclical.
8.02%
Other
29.55%
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Diversification
QVMS
Total weight of top 15 holdings out of 15
8.11%
SPSM
Total weight of top 15 holdings out of 15
7.34%
Top 15 holdings
Data as of July 31, 2026
QVMS
ViaSat, Inc.
0.81%
Brinker International, Inc.
0.56%
Element Solutions, Inc.
0.55%
Paycom Software, Inc.
0.54%
Ryman Hospitality Properties, Inc.
0.53%
JBT Marel Corp.
0.53%
Jackson Financial, Inc.
0.53%
Qorvo, Inc.
0.53%
Eastman Chemical Co.
0.53%
Glaukos Corp.
0.51%
Armstrong World Industries, Inc.
0.50%
Corcept Therapeutics, Inc.
0.50%
Argan, Inc.
0.50%
CarMax, Inc.
0.50%
Alkermes Plc
0.50%
SPSM
Corcept Therapeutics, Inc.
0.61%
ViaSat, Inc.
0.58%
Glaukos Corp.
0.54%
Match Group, Inc.
0.51%
Brinker International, Inc.
0.51%
Jackson Financial, Inc.
0.48%
Ryman Hospitality Properties, Inc.
0.47%
Element Solutions, Inc.
0.47%
FormFactor, Inc.
0.46%
Protagonist Therapeutics, Inc.
0.46%
ESCO Technologies, Inc.
0.45%
Alkermes Plc
0.45%
CarMax, Inc.
0.45%
StoneX Group, Inc.
0.45%
Eastman Chemical Co.
0.44%
Frequently asked questions about QVMS and SPSM
How have the QVMS and SPSM ETFs performed in 2026?
As of September 10, 2026, QVMS is up 18.47% year-to-date (YTD), while SPSM has returned 18.22%. 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 +$818M for SPSM.
Which ETF is more volatile: QVMS or SPSM?
Over the past year, QVMS had a volatility of 16.77%, while SPSM experienced 16.72%.
Which ETF is bigger: QVMS or SPSM?
As of September 10, 2026, QVMS holds $243.13 M in assets under management (AUM), while SPSM manages $16.21 B.
What sectors do the QVMS and SPSM ETFs invest in?
QVMS leans toward sectors like Finance, Industrials and Technology. Meanwhile, SPSM focuses on Finance, Technology and Industrials.
What are the top holdings of the QVMS ETF and SPSM ETF?
QVMS top holdings include ViaSat, Inc., Brinker International, Inc. and Element Solutions, Inc.. SPSM holds in its top three: Corcept Therapeutics, Inc., ViaSat, Inc. and Glaukos Corp..
Which ETF is more diversified: QVMS or SPSM?
QVMS holds 528 securities with 8.11% of its assets in the top 15. SPSM has 602 securities and a top 15 weight of 7.34%.
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Latest news about QVMS & SPSM
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July 22, 2024
SPSM
Value ETFs Shine Amid Lower-Than-Expected Inflation
July 15, 2024
SPSM
ETF Insights: Top 5 Fund Flows and Segments for June 2023
July 7, 2023
SPSM
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