Bonds & fixed income
QVMSInvescoINDEX
Invesco S&P SmallCap 600 QVM Multi-factor ETF
$32.83+0.51% vs prior close
263552-WK
Price through Oct 27, 2026 · Flows through Oct 26, 2026. Figures use the latest available records, not a live quote. Fund details retrieved Oct 27, 2026. Holdings snapshot retrieved Oct 27, 2026.
The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, designed to measure the performance of 90% of the stocks within the S&P SmallCap 600® Index, after excluding those with the lowest quality, value and momentum multi-factor score. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.
QVMS price
Source: Market tape, daily closes; price return, distributions not reinvested
Table
| Date | QVMS close |
|---|---|
| Jul 27, 2026 | $34.24 |
| Jul 28, 2026 | $34.37 |
| Jul 29, 2026 | $33.84 |
| Jul 30, 2026 | $34.23 |
| Jul 31, 2026 | $34.21 |
| Aug 3, 2026 | $34.78 |
| Aug 4, 2026 | $35.39 |
| Aug 5, 2026 | $35.09 |
| Aug 6, 2026 | $34.85 |
| Aug 7, 2026 | $35.04 |
| Aug 10, 2026 | $34.82 |
| Aug 11, 2026 | $34.96 |
| Aug 12, 2026 | $35.14 |
| Aug 13, 2026 | $35.24 |
| Aug 14, 2026 | $35.42 |
| Aug 17, 2026 | $35.30 |
| Aug 18, 2026 | $34.74 |
| Aug 19, 2026 | $34.70 |
| Aug 20, 2026 | $34.33 |
| Aug 21, 2026 | $34.58 |
| Aug 24, 2026 | $34.40 |
| Aug 25, 2026 | $34.40 |
| Aug 26, 2026 | $34.43 |
| Aug 27, 2026 | $34.42 |
| Aug 28, 2026 | $34.13 |
| Aug 31, 2026 | $33.88 |
| Sep 1, 2026 | $33.46 |
| Sep 2, 2026 | $33.81 |
| Sep 3, 2026 | $33.94 |
| Sep 4, 2026 | $34.13 |
| Sep 8, 2026 | $33.86 |
| Sep 9, 2026 | $33.51 |
| Sep 10, 2026 | $33.22 |
| Sep 11, 2026 | $33.43 |
| Sep 14, 2026 | $33.13 |
| Sep 15, 2026 | $32.91 |
| Sep 16, 2026 | $32.85 |
| Sep 17, 2026 | $32.89 |
| Sep 18, 2026 | $32.72 |
| Sep 21, 2026 | $32.68 |
| Sep 22, 2026 | $32.81 |
| Sep 23, 2026 | $32.47 |
| Sep 24, 2026 | $32.42 |
| Sep 25, 2026 | $32.56 |
| Sep 28, 2026 | $32.30 |
| Sep 29, 2026 | $32.24 |
| Sep 30, 2026 | $32.06 |
| Oct 1, 2026 | $32.23 |
| Oct 2, 2026 | $32.59 |
| Oct 5, 2026 | $32.69 |
| Oct 6, 2026 | $32.66 |
| Oct 7, 2026 | $32.22 |
| Oct 8, 2026 | $32.32 |
| Oct 9, 2026 | $32.36 |
| Oct 12, 2026 | $32.33 |
| Oct 13, 2026 | $32.37 |
| Oct 14, 2026 | $31.86 |
| Oct 15, 2026 | $32.29 |
| Oct 16, 2026 | $32.00 |
| Oct 19, 2026 | $31.97 |
| Oct 20, 2026 | $32.38 |
| Oct 21, 2026 | $32.38 |
| Oct 22, 2026 | $32.62 |
| Oct 23, 2026 | $32.53 |
| Oct 26, 2026 | $32.67 |
| Oct 27, 2026 | $32.83 |
Weekly net flows, 3M
Net outflow over the range: −$0M
- Inflow / above zero
- Outflow / below zero
Source: Daily creation and redemption records
Show as table
| Label | Value ($) |
|---|---|
| Jul 27 | $0 |
| Aug 3 | $0 |
| Aug 10 | $0 |
| Aug 17 | $0 |
| Aug 24 | $0 |
| Aug 31 | −$340K |
| Sep 7 | $0 |
| Sep 14 | $15.8M |
| Sep 21 | −$15.8M |
| Sep 28 | $0 |
| Oct 5 | $0 |
| Oct 12 | $320K |
| Oct 19 | $0 |
| Oct 26 | $0 |
The desk’s read
Money keeps arriving — +$320K of net inflows over the past month, about 0.1% of the fund's asset base, while the price has returned +16.3% so far this year. At 0.15% a year it is not the cheapest way in — IEFA has a reported fee of 0.07%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$239Massets under management
0.15%expense ratio · $15 per $10,000 a year
+$320Knet flow, trailing month
3Kavg daily volume, 30 days
532holdings
2021listed June 30, 2021 · beta 0.92
The book at a glance
CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS THE CHANGE IN THE LATEST AVAILABLE SNAPSHOT · TOP 40 POSITIONS
Holdings
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | PAYCPAYCOM SOFTWARE | 0.81% | $261.94 | -2.4% | ||
| 2 | GKOSGLAUKOS | 0.67% | $181.17 | +1.6% | ||
| 3 | RHPRYMAN HOSPITALITY PROPERTIES | 0.59% | $132.27 | +0.0% | ||
| 4 | JXNJACKSON FINANCIAL | 0.56% | $135.06 | +1.8% | ||
| 5 | VSATVIASAT | 0.50% | $70.30 | +5.9% | ||
| 6 | SMSM ENERGY | 0.57% | $39.07 | -2.7% | ||
| 7 | PTGXPROTAGONIST THERAPEUTICS | 0.55% | $141.12 | +0.6% | ||
| 8 | LWLAMB WESTON HOLDINGS | 0.54% | $53.78 | +0.2% | ||
| 9 | VSXYVictorias Secret & Co. | 0.52% | $92.27 | -2.8% | ||
| 10 | EMNEASTMAN CHEMICAL | 0.51% | $66.12 | +0.6% | ||
| 11 | ESIELEMENT SOLUTIONS | 0.49% | $35.03 | +4.4% | ||
| 12 | KMXCARMAX | 0.48% | $53.89 | +2.4% | ||
| 13 | ALKSALKERMES | 0.48% | $44.32 | -0.3% | ||
| 14 | ZWSZURN ELKAY WATER SOLUTIONS | 0.48% | $49.15 | -0.3% | ||
| 15 | TGTXTG THERAPEUTICS | 0.46% | $56.44 | +3.0% |
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- Finance25.75%
- Financial Services18.62%
- Financials18.29%
- Consumer Discretionary17.7%
- Industrials17.52%
- Consumer Cyclical13.64%
- Information Technology12.33%
- Technology12.12%
- Producer Manufacturing11.16%
- Healthcare9.89%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| Finance | 25.75% |
| Financial Services | 18.62% |
| Financials | 18.29% |
| Consumer Discretionary | 17.7% |
| Industrials | 17.52% |
| Consumer Cyclical | 13.64% |
| Information Technology | 12.33% |
| Technology | 12.12% |
| Producer Manufacturing | 11.16% |
| Healthcare | 9.89% |
Country weights
- United States99.23%
- Bermuda1.02%
- Cayman Islands0.77%
- Puerto Rico0.72%
- Other0.46%
- Thailand0.41%
- Ireland0.4%
- Singapore0.25%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| United States | 99.23% |
| Bermuda | 1.02% |
| Cayman Islands | 0.77% |
| Puerto Rico | 0.72% |
| Other | 0.46% |
| Thailand | 0.41% |
| Ireland | 0.4% |
| Singapore | 0.25% |
Performance
| 1 week | +1.4% |
| 1 month | +0.8% |
| 3 months | -4.1% |
| 6 months | +2.5% |
| YTD | +16.3% |
| 1 year | +15.6% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | — |
| 1 month | +$320K |
| 3 months | −$20K |
| YTD | −$1M |
| 1 year | −$1M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
- Inflow / above zero
- Outflow / below zero
Source: Daily creation/redemption records, trailing twelve months
Show as table
| Label | Value ($) |
|---|---|
| Aug | $0 |
| Sep | $330K |
| Oct | $0 |
| Feb | −$310K |
| Mar | −$990K |
| Apr | $0 |
| May | $0 |
| Jun | −$280K |
| Jul | $340K |
| Aug | $0 |
| Sep | −$340K |
| Oct | $320K |
The risk read
12%realized volatility, 30 days (annualized)
16%realized volatility, 1 year
-10.1%deepest fall from a peak, 1 year
-7.3%latest close versus that peak
The top holding is 0.8% of the book; the top ten carry 6%. Spread across 250+ names, it behaves like roughly 221 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
The case against QVMS
Due diligence cuts both ways. These funds sit on the same shelf and beat QVMS on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| SPDW SPDR Portfolio Developed World ex-US ETF | 0.03% | $40.7B | +$609M | -12bp on fee · 170× the assets · +$609M in over the month | Head-to-head |
| SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF | 0.03% | $18.4B | +$199M | -12bp on fee · 77× the assets · +$199M in over the month | Head-to-head |
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $123.5B | +$2.3B | -10bp on fee · 516× the assets · +$2.3B in over the month | Head-to-head |
| IDEV iShares Core MSCI International Developed Markets ETF | 0.04% | $32.4B | +$497M | -11bp on fee · 135× the assets · +$497M in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.7B | +$47M | -11bp on fee · 99× the assets · +$47M in over the month | Head-to-head |