QVMM vs VTI
Invesco S&P MidCap 400 QVM Multi-factor ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, QVMM or VTI?
Mid Cap Blend against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. QVMM is less concentrated, with 8.8% of the fund in its ten largest positions against 33.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QVMM | VTI |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $416M | $689.2B |
| Dividend Yield | 1.30% | 1.06% |
| Holdings | 716 | 3,524 |
| YTD Return | +9.02% | +13.02%Best |
| 1Y Return | +12.87% | +16.63%Best |
| 3Y Return (annualized) | +15.03% | +21.97%Best |
| 5Y Return (annualized) | +7.29% | +11.99%Best |
| Volatility (annualized) | 17.8% | 15.6%Best |
| Max Drawdown | -24.3%Best | -25.4% |
| $10,000 over 5 years | $14,217 | $17,616Best |
| Top 10 Weight | 8.8%Best | 33.5% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Jun 28, 2021 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Jun 30, 2021 to Oct 14, 2026 (5.3 years).
QVMM vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.3 years both funds cover.
QVMM vs VTI Performance
Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is an ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year QVMM returned +12.87% while VTI returned +16.63%. Year to date, QVMM is up 9.02% versus a gain of 13.02% for VTI.
Over three years, QVMM compounded at +15.03% per year against +21.97% for VTI; over five years the annualized figures are +7.29% and +11.99% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMM has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 15.6% for VTI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.3% for QVMM and -25.4% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVMM charges 0.15% per year while VTI charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, QVMM currently yields 1.30% against 1.06% for VTI.
Holdings Overlap
97.7% of QVMM's money is in holdings VTI also owns. 4.3% of VTI's money is in holdings QVMM also owns.
Most of QVMM is already inside VTI. Owning both mostly buys the same companies twice.
350 positions in common, counted across the 358 positions we hold weights for in QVMM and 3,441 in VTI, against full books of 716 and 3,524.
What only one of them owns
Our book lists 846 positions for VTI that do not appear in our book for QVMM (93.4% of the fund), and 7 for QVMM that do not appear in VTI (1.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QVMM | Weight in VTI | Difference |
|---|---|---|---|
| TWLOTwilio Inc. Class A | 1.48% | 0.05% | 1.43% |
| OKTAOkta Inc. | 1.14% | 0.04% | 1.10% |
| 0RMV:LNTechnipfmc Plc Ordinary Shares | 0.88% | 0.04% | 0.84% |
| ATIAti Inc | 0.83% | 0.04% | 0.79% |
| NVT:IENvent Electric Plc Ordinary Shares | 0.83% | 0.03% | 0.80% |
| ENTGEntegris Inc Common Stock Usd 0.01 | 0.77% | 0.03% | 0.74% |
| UTHRUnited Therapeutics Corp | 0.74% | 0.03% | 0.71% |
| XPOXpo Logistics Inc. | 0.74% | 0.03% | 0.71% |
| USFDUS Foods Holding Corp | 0.73% | 0.03% | 0.70% |
| THCTenet Healthcare Corp Common Stock Usd 0.05 | 0.70% | 0.03% | 0.67% |
97.7% of QVMM is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QVMM or VTI?
QVMM has an expense ratio of 0.15% while VTI charges 0.03%. VTI is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, QVMM or VTI?
Over the past year QVMM returned +12.87% vs +16.63% for VTI, so VTI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QVMM or VTI?
QVMM has been the more volatile fund at 17.8% annualized versus 15.6% for VTI. Worst drawdown: QVMM -24.3% vs VTI -25.4%.
Should I hold both QVMM and VTI?
QVMM and VTI have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QVMM and VTI?
97.7% of QVMM's money is in holdings VTI also owns. 4.3% of VTI's is in holdings QVMM also owns. They hold 350 positions in common, counted across the 358 positions we hold weights for in QVMM and 3,441 in VTI.
Which pays a higher dividend, QVMM or VTI?
QVMM yields 1.30% while VTI yields 1.06%, so QVMM currently pays the higher dividend yield.
Is VTI better than QVMM?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. QVMM is less concentrated, with 8.8% of the fund in its ten largest positions against 33.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.