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ETFs

Invesco S&P SmallCap 600 QVM Multi-factor ETF

QVMS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 30 2021
Expense Ratio
0.15%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$15,745
AUM
$99,322,682
Associated Index
S&P SmallCap 600 Quality, Value & Momentum Top 90% Multi-factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

SPSC
SPS Commerce Inc.
0.67%
AIT
Applied Industrial Technologies Inc.
0.65%
ENSG
Ensign Group Inc
0.62%
ASO
Academy Sports and Outdoors Inc
0.61%
RMBS
Rambus Inc.
0.60%
FIX
Comfort Systems USA, Inc.
0.60%
ATI
ATI Inc
0.59%
ABG
Asbury Automotive Group Inc
0.53%
ACLS
Axcelis Technologies Inc
0.52%
MMSI
Merit Medical Systems, Inc.
0.52%
Invest with QVMS

What is QVMS?

The Invesco S&P SmallCap 600 QVM Multi-factor ETF (Fund) is based on the S&P SmallCap 600 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 SmallCap 600 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 toQVMS

ETFs correlated to QVMS include SLY, IJR, VIOO

QVMS
Invesco Exchange-Traded Fund Trust II - Invesco S&P SmallCap 600 QVM Multi-factor ETF
SLY
SPDR Series Trust - SPDR S&P 600 Small Cap ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
SPSM
SSgA Active Trust - SPDR Portfolio S&P 600 Small Cap ETF
SLYV
SPDR Series Trust - SPDR S&P 600 Small Cap Value ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
IJS
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Value ETF
VIOV
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Value ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
JPSE
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Small Cap Equity 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 toQVMS

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with QVMS using Composer

FAQ

QVMS is a US Equities ETF. The Invesco S&P SmallCap 600 QVM Multi-factor ETF (Fund) is based on the S&P SmallCap 600 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 SmallCap 600 Index that exhibit factors of quality, value and momentum. The Fund and the Index are rebalanced quarterly in March, June, September and December.

QVMS tracks the S&P SmallCap 600 Quality, Value & Momentum Top 90% Multi-factor Index.

No, QVMS 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, QVMS 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 QVMS is -0.0805%. This is the percent change in the value of QVMS over the most recent 1-month period. The 3-month return on QVMS is -0.0015%. This is the percent change in the value of QVMS over the most recent 3-month period.

The standard deviation of QVMS for the past year is 0.2457%. 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 QVMS include QUAL, SPLV, and SPHQ.

ETFs correlated to QVMS include SLY, IJR, and VIOO.

ETFs that are inversely correlated to QVMS 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.