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 Industrials, Financials and Consumer Discretionary. 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 13.41% year-to-date (YTD) with -$707K in YTD flows. SPSM performs worse with 13.1% YTD performance, and +$416M 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 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QVMS SPSM | +12.20%+12.30% | +7.57%+7.00% | +13.41%+13.10% | +36.94%+37.31% | +54.14%+51.60% | n/a+31.57% |
| Flows | QVMS SPSM | -+$6M | -$409K+$142M | -$707K+$416M | -$601K+$947M | -$34M+$6.00B | -+$8.01B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QVMS SPSM | +17.98%+17.93% | +17.88%+18.13% | +20.34%+20.58% | n/a+21.54% |
| Max drawdown | QVMS SPSM | -8.69%-8.68% | -8.69%-8.68% | -27.75%-27.91% | n/a-27.91% |
| Max drawdown duration | QVMS SPSM | 59d59d | 59d59d | 380d380d | n/a380d |
Trading data
QVMS | SPSM | |
Last sale 4/28/2026 at 1:30 PM | $31.89 | $52.83 |
| Previous close 04/28/2026 | $32.07 | $53.10 |
| 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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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 4/28/2026 at 1:30 PM
Live
Closed
QVMS | SPSM | |
|---|---|---|
| Last price | $31.89 | $52.83 |
| 1D performance | -0.54% | -0.51% |
| AuM | $233.72 M | $15.17 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 | 500 | 559 |
| 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
96.26%
Other
3.74%
SPSM
USA
95.92%
Other
4.08%
Sectors
QVMS
Industrials
16.96%
Financials
16.8%
Consumer Discreti.
14.05%
Information Techn.
12.55%
Health Care
9.89%
Other
29.75%
SPSM
Industrials
16.29%
Financials
15.89%
Information Techn.
13.19%
Consumer Discreti.
13.16%
Health Care
10.13%
Other
31.34%
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Diversification
QVMS
Total weight of top 15 holdings out of 15
8.31%
SPSM
Total weight of top 15 holdings out of 15
7.33%
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%
SPSM
EASTMAN CHEMICAL
0.57%
ELEMENT SOLUTIONS INC
0.51%
PRIMORIS SERVICES
0.51%
VIAVI SOLUTIONS INC
0.50%
ARGAN
0.49%
FORMFACTOR
0.49%
LKQ
0.49%
JACKSON FINANCIAL INC
0.49%
ESCO TECHNOLOGIES
0.48%
MATCH GROUP
0.47%
CELANESE SR
0.47%
SEMTECH
0.47%
ARMSTRONG WORLD INDUSTRIES
0.46%
SANMINA CORP
0.46%
SM ENERGY
0.46%
Frequently asked questions about QVMS and SPSM
How have the QVMS and SPSM ETFs performed in 2026?
As of April 28, 2026, QVMS is up 13.41% year-to-date (YTD), while SPSM has returned 13.1%. 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 -$707K in flows, compared to +$416M for SPSM.
Which ETF is more volatile: QVMS or SPSM?
Over the past year, QVMS had a volatility of 17.88%, while SPSM experienced 18.13%.
Which ETF is bigger: QVMS or SPSM?
As of April 28, 2026, QVMS holds $233.72 M in assets under management (AUM), while SPSM manages $15.17 B.
What sectors do the QVMS and SPSM ETFs invest in?
QVMS leans toward sectors like Industrials, Financials and Consumer Discretionary. 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 EASTMAN CHEMICAL, PRIMORIS SERVICES and SANMINA CORP. SPSM holds in its top three: EASTMAN CHEMICAL, ELEMENT SOLUTIONS INC and PRIMORIS SERVICES.
Which ETF is more diversified: QVMS or SPSM?
QVMS holds 539 securities with 8.31% of its assets in the top 15. SPSM has 601 securities and a top 15 weight of 7.33%.
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Latest news about QVMS & SPSM
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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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