QVMT vs VOO
Invesco S&P 500 Concentrated QVM ETF vs Vanguard S&P 500 ETF
Which is better, QVMT or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. QVMT led over 1Y, VOO over 3Y, 5Y and the full window. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 45.0%.
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 | QVMT | VOO |
|---|---|---|
| Expense Ratio | 0.13% | 0.03%Best |
| AUM | $130M | $1.0T |
| Dividend Yield | 1.69% | 1.06% |
| Holdings | 207 | 506 |
| YTD Return | +13.51% | +13.57%Best |
| 1Y Return | +20.83%Best | +17.55% |
| 3Y Return (annualized) | +19.83% | +22.46%Best |
| 5Y Return (annualized) | +11.41% | +13.28%Best |
| Volatility (annualized) | 20.0% | 15.0%Best |
| Max Drawdown | -48.7% | -34.3%Best |
| $10,000 over 5 years | $17,164 | $18,654Best |
| Top 10 Weight | 45.0% | 37.9%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 9, 2015 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Oct 9, 2015 to Oct 14, 2026 (11 years).
QVMT vs VOO 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 11 years both funds cover.
QVMT vs VOO Performance
Invesco S&P 500 Concentrated QVM ETF (QVMT) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year QVMT returned +20.83% while VOO returned +17.55%. Year to date, QVMT is up 13.51% versus a gain of 13.57% for VOO.
Over three years, QVMT compounded at +19.83% per year against +22.46% for VOO; over five years the annualized figures are +11.41% and +13.28% respectively. Across the full 11-year window we track, VOO has the edge at +13.80% annualized vs +10.23%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMT has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 15.0% for VOO. 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 -48.7% for QVMT and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVMT charges 0.13% per year while VOO charges 0.03%. On a $10,000 position that is $13 vs $3 annually, a gap of $10 per year that compounds over a long holding period. On income, QVMT currently yields 1.69% against 1.06% for VOO.
Holdings Overlap
100.0% of QVMT's money is in holdings VOO also owns. 17.4% of VOO's money is in holdings QVMT also owns.
Most of QVMT is already inside VOO. Owning both mostly buys the same companies twice.
100 positions in common, counted across the 100 positions we hold weights for in QVMT and 504 in VOO, against full books of 207 and 506.
What only one of them owns
Our book lists 399 positions for VOO that do not appear in our book for QVMT (82.3% of the fund), and 0 for QVMT that do not appear in VOO (0.0%).
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 QVMT | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.61% | 7.04% | 1.43% |
| XOMExxonmobil Corp. | 5.34% | 1.01% | 4.33% |
| LRCXLrcx Uw Equity | 5.30% | 0.57% | 4.73% |
| CATCaterpillar, Inc. | 4.84% | 0.56% | 4.28% |
| SNDKVSandisk Corp. | 5.04% | 0.35% | 4.69% |
| GEVGE Vernova Inc. CDR (CAD Hedged) | 5.00% | 0.37% | 4.63% |
| CSCOCisco Systems Inc. - Ordinary Shares | 4.65% | 0.66% | 3.99% |
| KLACKla-tencor | 3.42% | 0.35% | 3.07% |
| WDCWestern Digital Corp. | 3.11% | 0.23% | 2.88% |
| NEMNewmont Corp Common | 2.66% | 0.20% | 2.46% |
100.0% of QVMT is already inside VOO.
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, QVMT or VOO?
QVMT has an expense ratio of 0.13% while VOO charges 0.03%. VOO is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, QVMT or VOO?
Over the past year QVMT returned +20.83% vs +17.55% for VOO, so QVMT leads on 1-year performance. Over the longest common window we track (11 years), QVMT annualized +10.23% vs +13.80% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QVMT or VOO?
QVMT has been the more volatile fund at 20.0% annualized versus 15.0% for VOO. Worst drawdown: QVMT -48.7% vs VOO -34.3%.
Should I hold both QVMT and VOO?
QVMT and VOO have a monthly-return correlation of 0.80, 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 QVMT and VOO?
100.0% of QVMT's money is in holdings VOO also owns. 17.4% of VOO's is in holdings QVMT also owns. They hold 100 positions in common, counted across the 100 positions we hold weights for in QVMT and 504 in VOO.
Which pays a higher dividend, QVMT or VOO?
QVMT yields 1.69% while VOO yields 1.06%, so QVMT currently pays the higher dividend yield.
Is VOO better than QVMT?
VOO has a lower expense ratio. QVMT led over 1Y, VOO over 3Y, 5Y and the full window. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 45.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.