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VPXvsQVMLETF Comparison

ETF 1

VPX

Variant Perception Cycle Aware US Equity ETF

This fund is part of

US Multi-Factor

-0.38%

Full VPX fund page

VS

ETF 2

QVML

Invesco S&P 500 QVM Multi-factor ETF

This fund is part of

US Multi-Factor

-0.38%

Full QVML fund page

Variant Perception Cycle Aware US Equity ETF (VPX) and Invesco S&P 500 QVM Multi-factor ETF (QVML) belong to the same industry segment: US Multi-Factor. VPX's top 3 sector exposures are Information Technology, Financials and Health Care. In contrast, QVML's top sector exposures are Information Technology, Financials and Communication Services. VPX is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.11% for QVML. Run a side-by-side ETF comparison of VPX and QVML 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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VPX vs QVML performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VPX QVML	+13.07%+12.89%	n/a+3.08%	n/a+5.04%	n/a+29.82%	n/a+75.83%	n/an/a
Flows	VPX QVML	+$2M-$4M	--$4M	--$4M	-+$75M	-+$81M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VPX QVML	n/a+15.07%	n/a+12.19%	n/a+14.77%	n/an/a
Max drawdown	VPX QVML	n/a-8.73%	n/a-8.73%	n/a-18.54%	n/an/a
Max drawdown duration	VPX QVML	n/a70d	n/a70d	n/a127d	n/an/a

Trading data

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	VPX	QVML
Last sale 4/29/2026 at 1:30 PM		$42.00
Previous close 04/28/2026		$42.04
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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VPX

is actively managed and doesn’t replicate an index

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	VPX	QVML
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/29/2026 at 1:30 PM

Live

Closed

	VPX	QVML
Last price	–	$42.00
1D performance	–	-0.11%
AuM	$37.89 M	$1.55 B
E/R	0.75%	0.11%

Characteristics

	VPX	QVML
Management strategy	Active	Passive
Provider	Alpha Architect	Invesco
Benchmark	-	S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index
N° of holdings	2770	428
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	March 11, 2026	June 30, 2021
ESG	No	No

More VPX data on Trackinsight

More QVML data on Trackinsight

Exposure

Countries

VPX

USA

96.24%

Other

3.76%

QVML

USA

96.55%

Other

3.45%

Sectors

VPX

Information Techn.

37.93%

Financials

13.83%

Health Care

9.72%

Consumer Discreti.

7.38%

Other

31.14%

QVML

Information Techn.

33.81%

Financials

11.18%

Communication Ser.

10.68%

Health Care

9.6%

Industrials

8.82%

Other

25.91%

Diversification

VPX

Total weight of top 15 holdings out of 15

46.49%

QVML

Total weight of top 15 holdings out of 15

43.99%

Top 15 holdings

Data as of March 31, 2026

VPX

NVIDIA

7.29%

APPLE

4.11%

MICROSOFT-T

4.09%

BERKSHIRE HATHWAY

3.74%

LILLY

3.65%

BROADCOM LIMITED

3.20%

AMAZON.COM INC

2.74%

TESLA

2.51%

ORACLE SYS

2.45%

ALPHABET INC-CL

2.29%

JOHNSON&JOHNSON

2.23%

VISA INCORPORATION

2.15%

CHEVRON TEXACO

2.10%

JPMORGAN CHASE

2.03%

MICRON TECHNOLOGY

1.91%

QVML

NVIDIA

7.57%

APPLE

7.24%

ALPHABET INC-CL

5.62%

MICROSOFT-T

4.81%

AMAZON.COM INC

3.72%

BROADCOM LIMITED

2.58%

META PLATFORMS

2.20%

BERKSHIRE HATHWAY

1.72%

JPMORGAN CHASE

1.56%

LILLY

1.43%

EXXON

1.42%

JOHNSON&JOHNSON

1.15%

WALMART INC

1.09%

VISA INCORPORATION

1.01%

COSTCO WHOLESALE

0.86%

Frequently asked questions about VPX and QVML

Which ETF is bigger: VPX or QVML?

As of April 28, 2026, VPX holds $37.89 M in assets under management (AUM), while QVML manages $1.55 B.

What sectors do the VPX and QVML ETFs invest in?

VPX leans toward sectors like Information Technology, Financials and Health Care. Meanwhile, QVML focuses on Information Technology, Financials and Communication Services.

VPXvsQVMLETF Comparison

Variant Perception Cycle Aware US Equity ETF

Invesco S&P 500 QVM Multi-factor ETF

VPX vs QVML performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

Which ETF is bigger: VPX or QVML?

As of April 28, 2026, VPX holds $37.89 M in assets under management (AUM), while QVML manages $1.55 B.

What sectors do the VPX and QVML ETFs invest in?

VPX leans toward sectors like Information Technology, Financials and Health Care. Meanwhile, QVML focuses on Information Technology, Financials and Communication Services.

What are the top holdings of the VPX ETF and QVML ETF?

VPX top holdings include NVIDIA, APPLE and MICROSOFT-T. QVML holds in its top three: NVIDIA, APPLE and ALPHABET INC-CL.

Which ETF is more diversified: VPX or QVML?

VPX holds 3449 securities with 46.49% of its assets in the top 15. QVML has 450 securities and a top 15 weight of 43.99%.

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