QVMT vs VYM
Invesco S&P 500 Concentrated QVM ETF vs Vanguard High Dividend Yield ETF
Which is better, QVMT or VYM?
Each has led over a different period.
VYM has a lower expense ratio. QVMT led over 1Y, 3Y and the full window, VYM over 5Y. The two have moved almost in lockstep, correlation 0.91. VYM is less concentrated, with 25.8% 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 | VYM |
|---|---|---|
| Expense Ratio | 0.13% | 0.04%Best |
| AUM | $130M | $78.9B |
| Dividend Yield | 1.69% | 2.37% |
| Holdings | 207 | 608 |
| YTD Return | +13.51%Best | +11.83% |
| 1Y Return | +20.83%Best | +15.96% |
| 3Y Return (annualized) | +19.83%Best | +18.60% |
| 5Y Return (annualized) | +11.41% | +11.51%Best |
| Volatility (annualized) | 20.0% | 13.9%Best |
| Max Drawdown | -48.7% | -35.7%Best |
| $10,000 over 5 years | $17,164 | $17,241Best |
| Top 10 Weight | 45.0% | 25.8%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 9, 2015 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Oct 9, 2015 to Oct 14, 2026 (11 years).
QVMT vs VYM 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 VYM Performance
Invesco S&P 500 Concentrated QVM ETF (QVMT) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year QVMT returned +20.83% while VYM returned +15.96%. Year to date, QVMT is up 13.51% versus a gain of 11.83% for VYM.
Over three years, QVMT compounded at +19.83% per year against +18.60% for VYM; over five years the annualized figures are +11.41% and +11.51% respectively. Across the full 11-year window we track, QVMT has the edge at +10.23% annualized vs +9.94%.
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 13.9% for VYM. 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 -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QVMT charges 0.13% per year while VYM charges 0.04%. On a $10,000 position that is $13 vs $4 annually, a gap of $9 per year that compounds over a long holding period. On income, QVMT currently yields 1.69% against 2.37% for VYM.
Holdings Overlap
60.7% of QVMT's money is in holdings VYM also owns. 19.0% of VYM's money is in holdings QVMT also owns.
The two portfolios partly overlap.
67 positions in common, counted across the 100 positions we hold weights for in QVMT and 602 in VYM, against full books of 207 and 608.
What only one of them owns
Our book lists 506 positions for VYM that do not appear in our book for QVMT (78.8% of the fund), and 33 for QVMT that do not appear in VYM (39.3%).
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 VYM | Difference |
|---|---|---|---|
| XOMExxonmobil Corp. | 5.34% | 2.70% | 2.64% |
| CSCOCisco Systems Inc. - Ordinary Shares | 4.65% | 1.76% | 2.89% |
| CATCaterpillar, Inc. | 4.84% | 1.46% | 3.38% |
| NEMNewmont Corp Common | 2.66% | 0.54% | 2.12% |
| TAT&T Inc. | 2.18% | 0.71% | 1.47% |
| COPConocophillips Common Stock USD 0.01 | 2.14% | 0.65% | 1.49% |
| VLOValero Energy | 2.21% | 0.43% | 1.78% |
| MPCMarathon Petroleum Corp | 1.70% | 0.44% | 1.26% |
| CBChubb Ltd Common Stock Usd 24.15 | 1.59% | 0.48% | 1.11% |
| PSXPhillips 66 | 1.64% | 0.40% | 1.24% |
60.7% of QVMT is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, QVMT or VYM?
QVMT has an expense ratio of 0.13% while VYM charges 0.04%. VYM is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, QVMT or VYM?
Over the past year QVMT returned +20.83% vs +15.96% for VYM, so QVMT leads on 1-year performance. Over the longest common window we track (11 years), QVMT annualized +10.23% vs +9.94% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QVMT or VYM?
QVMT has been the more volatile fund at 20.0% annualized versus 13.9% for VYM. Worst drawdown: QVMT -48.7% vs VYM -35.7%.
Should I hold both QVMT and VYM?
QVMT and VYM have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QVMT and VYM?
60.7% of QVMT's money is in holdings VYM also owns. 19.0% of VYM's is in holdings QVMT also owns. They hold 67 positions in common, counted across the 100 positions we hold weights for in QVMT and 602 in VYM.
Which pays a higher dividend, QVMT or VYM?
QVMT yields 1.69% while VYM yields 2.37%, so VYM currently pays the higher dividend yield.
Is VYM better than QVMT?
VYM has a lower expense ratio. QVMT led over 1Y, 3Y and the full window, VYM over 5Y. The two have moved almost in lockstep, correlation 0.91. VYM is less concentrated, with 25.8% 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.