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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)
$9,942
AUM
$188,859,525
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.
0.72%
ONTO
Onto Innovation Inc.
0.69%
FIX
Comfort Systems USA, Inc.
0.66%
FN
Fabrinet
0.66%
AIT
Applied Industrial Technologies Inc.
0.65%
RMBS
Rambus Inc.
0.64%
ELF
e.l.f. Beauty Inc
0.61%
ENSG
Ensign Group Inc
0.61%
ATI
ATI Inc
0.61%
ACLS
Axcelis Technologies Inc
0.57%
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 IJR, VIOO, SPSM

QVMS
Invesco Exchange-Traded Fund Trust II - Invesco S&P SmallCap 600 QVM Multi-factor 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
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap 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
IJT
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Growth ETF
SLYV
SPDR Series Trust - SPDR S&P 600 Small Cap Value ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
VIOG
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Growth ETF
SLYG
SPDR Series Trust - SPDR S&P 600 Small Cap Growth 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

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

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 -0.035%. This is the percent change in the value of QVMS over the most recent 1-month period. The 3-month return on QVMS is -0.0149%. 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 0.2094%. 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 SPHQ, DSI, and QUAL.

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

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.