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ETFs

Invesco S&P MidCap 400 QVM Multi-factor ETF

QVMM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 30 2021
Expense Ratio
0.15%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$8,840
AUM
$252,088,023
Associated Index
S&P MIdCap 400 Quality, Value & Momentum Top 90% Multi-factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

HUBB
Hubbell Inc.
0.81%
RS
Reliance Steel & Aluminum Co.
0.79%
BLDR
Builders Firstsource Inc
0.77%
JBL
Jabil Inc
0.69%
CSL
Carlisle Companies Inc.
0.65%
DECK
Deckers Outdoor Corp.
0.65%
GGG
Graco Inc.
0.61%
RPM
RPM International, Inc.
0.59%
OC
Owens Corning
0.59%
MANH
Manhattan Associates, Inc.
0.58%
Invest with QVMM

What is QVMM?

The Invesco S&P MidCap 400 QVM Multi-factor ETF (Fund) is based on the S&P MIdCap 400 Quality, Value & Momentum Top 90% Multi-factor Index (Index).The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of a subset of securities from the S&P MidCap 400 Index that exhibit factors of quality, value and momentum. The Fund and the Index are rebalanced quarterly in March, June, September and December.

ETFs related toQVMM

ETFs correlated to QVMM include MDY, SPMD, IVOO

QVMM
Invesco Exchange-Traded Fund Trust II - Invesco S&P MidCap 400 QVM Multi-factor ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
GRPM
Invesco Capital Management LLC - Invesco S&P MidCap 400 GARP ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
IVOV
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Value ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toQVMM

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with QVMM using Composer

FAQ

QVMM is a US Equities ETF. The Invesco S&P MidCap 400 QVM Multi-factor ETF (Fund) is based on the S&P MIdCap 400 Quality, Value & Momentum Top 90% Multi-factor Index (Index).The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of a subset of securities from the S&P MidCap 400 Index that exhibit factors of quality, value and momentum. The Fund and the Index are rebalanced quarterly in March, June, September and December.

QVMM tracks the S&P MIdCap 400 Quality, Value & Momentum Top 90% Multi-factor Index.

No, QVMM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, QVMM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QVMM is -0.0368%. This is the percent change in the value of QVMM over the most recent 1-month period. The 3-month return on QVMM is -0.003%. This is the percent change in the value of QVMM over the most recent 3-month period.

The standard deviation of QVMM for the past year is 0.1981%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QVMM include PRF, DSI, and USMV.

ETFs correlated to QVMM include MDY, SPMD, and IVOO.

ETFs that are inversely correlated to QVMM include RWM, TZA, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.