SPSMvsQVMSETF Comparison
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State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) belong to the same industry segment: US Multi-Factor. SPSM's top 3 sector exposures are Finance, Technology and Industrials. In contrast, QVMS's top sector exposures are Finance, Industrials and Technology. SPSM is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.15% for QVMS. SPSM is up 16.54% year-to-date (YTD) with +$782M in YTD flows. QVMS performs better with 16.95% YTD performance, and -$624K in YTD flows. Run a side-by-side ETF comparison of SPSM and QVMS 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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SPSM vs QVMS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPSM QVMS | +1.17%+1.04% | -4.14%-4.11% | +16.54%+16.95% | +16.23%+16.67% | +64.62%+65.59% | +33.10%+39.28% |
| Flows | SPSM QVMS | -$99M+$323K | -$410M+$38K | +$782M-$624K | +$1.06B-$670K | +$3.49B-$35M | +$8.07B+$109M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPSM QVMS | +12.22%+12.26% | +15.91%+15.99% | +20.04%+19.94% | +21.17%+20.82% |
| Max drawdown | SPSM QVMS | -9.65%-9.64% | -9.65%-9.64% | -27.91%-27.75% | -27.91%-27.75% |
| Max drawdown duration | SPSM QVMS | 71d71d | 71d71d | 380d380d | 380d380d |
Trading data
SPSM | QVMS | |
Last sale 10/27/2026 at 1:30 PM | $54.29 | $32.67 |
| Previous close 10/26/2026 | $53.99 | $32.53 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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SPSM | QVMS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
SPSM | QVMS | |
|---|---|---|
| Last price | $54.29 | $32.67 |
| 1D performance | +0.56% | +0.41% |
| AuM | $15.88 B | $239.40 M |
| E/R | 0.03% | 0.15% |
Characteristics
SPSM | QVMS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Invesco |
| Benchmark | S&P SmallCap 600 GARP Index | S&P SmallCap 600 Quality, Value & Momentum Top 90% Multi-factor Index |
| N° of holdings | 598 | 529 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 8, 2013 | June 30, 2021 |
| ESG | No | No |
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Exposure
Countries
SPSM
USA
97.13%
Other
2.87%
QVMS
USA
97.55%
Other
2.45%
Sectors
SPSM
Finance
26.27%
Technology
12.85%
Industrials
11.71%
Healthcare
10.94%
Consumer Cyclical.
7.87%
Other
30.36%
QVMS
Finance
26.55%
Industrials
12.93%
Technology
12.28%
Healthcare
10.6%
Consumer Cyclical.
8.58%
Non-Energy Materi.
7.12%
Other
21.94%
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Diversification
SPSM
Total weight of top 15 holdings out of 15
7.58%
QVMS
Total weight of top 15 holdings out of 15
8.76%
Top 15 holdings
Data as of August 31, 2026
SPSM
Corcept Therapeutics, Inc.
0.60%
Glaukos Corp.
0.59%
Paycom Software, Inc.
0.55%
Brinker International, Inc.
0.55%
Match Group, Inc.
0.53%
Jackson Financial, Inc.
0.52%
ViaSat, Inc.
0.51%
Protagonist Therapeutics, Inc.
0.50%
CarMax, Inc.
0.49%
Ryman Hospitality Properties, Inc.
0.48%
SM Energy Co.
0.47%
Eastman Chemical Co.
0.46%
Element Solutions, Inc.
0.45%
FormFactor, Inc.
0.44%
Alkermes Plc
0.44%
QVMS
ViaSat, Inc.
0.82%
Paycom Software, Inc.
0.75%
Brinker International, Inc.
0.62%
Corcept Therapeutics, Inc.
0.62%
FormFactor, Inc.
0.58%
Jackson Financial, Inc.
0.58%
Element Solutions, Inc.
0.57%
Qorvo, Inc.
0.56%
Glaukos Corp.
0.56%
Eastman Chemical Co.
0.56%
Protagonist Therapeutics, Inc.
0.53%
CarMax, Inc.
0.52%
Ryman Hospitality Properties, Inc.
0.50%
Armstrong World Industries, Inc.
0.50%
SM Energy Co.
0.49%
Frequently asked questions about SPSM and QVMS
How have the SPSM and QVMS ETFs performed in 2026?
As of October 26, 2026, SPSM is up 16.54% year-to-date (YTD), while QVMS has returned 16.95%. That puts QVMS better performer ahead so far this year.
Which ETF is attracting more investor money: SPSM or QVMS?
Year-to-date, the SPSM ETF saw +$782M in flows, compared to -$624K for QVMS.
Which ETF is more volatile: SPSM or QVMS?
Over the past year, SPSM had a volatility of 15.91%, while QVMS experienced 15.99%.
Which ETF is bigger: SPSM or QVMS?
As of October 26, 2026, SPSM holds $15.88 B in assets under management (AUM), while QVMS manages $239.40 M.
What sectors do the SPSM and QVMS ETFs invest in?
SPSM leans toward sectors like Finance, Technology and Industrials. Meanwhile, QVMS focuses on Finance, Industrials and Technology.
What are the top holdings of the SPSM ETF and QVMS ETF?
SPSM top holdings include Corcept Therapeutics, Inc., Glaukos Corp. and Paycom Software, Inc.. QVMS holds in its top three: ViaSat, Inc., Paycom Software, Inc. and Brinker International, Inc..
Which ETF is more diversified: SPSM or QVMS?
SPSM holds 600 securities with 7.58% of its assets in the top 15. QVMS has 529 securities and a top 15 weight of 8.76%.
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Latest news about SPSM & QVMS
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