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QVMT

Invesco S&P 500 Concentrated QVM ETF

QVMT

Market cap $132M

65.92 USD

+0.10

0.15%

At close Updated Oct 6, 4:00 PM EDT

1 day

0.15%

5 days

1.45%

1 month

-1.23%

3 months

-1.79%

6 months

9.14%

Year to date

14.66%

1 year

20.27%

5 years

57.78%

10 years

150.93%

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 33.3%

Neutral 66.7%

Negative 0%

QVMT: Improved Factor Mix, Yet Underperformance Tempers Enthusiasm, A Hold

I maintain the Hold rating on the Invesco S&P 500 Concentrated QVM ETF. With the portfolio recalibrated, QVMT now offers a much stronger factor mix than in April, sporting a combination of robust value and solid growth characteristics that drive its GARP tilt. With its solid quality and GARP characteristics, QVMT is nicely positioned to withstand pressure from inflation and higher interest rates.

QVMT: Improved Factor Mix, Yet Underperformance Tempers Enthusiasm, A Hold

More Signs Of Growth Across AI And Europe

Europe shows tentative signs of improvement, but the recovery remains uneven. AI investment is increasingly influencing U.S. capital spending and trade.

More Signs Of Growth Across AI And Europe

CIO Weekly: SpaceX-Led IPO Boom Forces Governance Into Focus

The $85 billion listing last month of SpaceX, Elon Musk's aerospace, satellite communications and artificial intelligence company, was an important market event. The company's dual-class share structure, conferring disproportionate voting power on its founder, could be expected to serve as a template for the next wave of high-profile IPOs, with OpenAI and Anthropic expected to follow suit in the coming quarters.

CIO Weekly: SpaceX-Led IPO Boom Forces Governance Into Focus

QVMT: Why It's A Smart And Strong Complement To S&P 500 Index ETFs

The Invesco S&P 500 Concentrated QVM ETF recently changed strategies, now opting to hold 100 stocks based on their combined quality, value, and momentum characteristics. Its ER is 0.13%. Long-term non-backtested Index data as well as the returns of another Index-linked product demonstrate how QVMT has delivered comparable returns to S&P 500 Index ETFs over the last decade. Importantly, QVMT offers minimal exposure to mega cap growth stocks like Nvidia, trades at a 24% discount to IVV on TTM P/E, and overlaps by just 15%.

QVMT: Why It's A Smart And Strong Complement To S&P 500 Index ETFs

QVMT: Multifactor ETF With High Earnings Yield, Strong Quality Is Worth Shortlisting

The Invesco S&P 500 Concentrated QVM ETF offers exposure to 100 S&P 500 constituents selected using a multifactor screening based on quality, value, and momentum. With a tilt toward the low volatility and value factors, QVMT might do better than IVV if the U.S.-Israel-Iran conflict escalates further and oil price continue marching higher. However, I expect it to underperform IVV this year and probably beyond, as low beta and small exposure to growth will more likely restrain upside capture.

QVMT: Multifactor ETF With High Earnings Yield, Strong Quality Is Worth Shortlisting

SPVU: Low Valuation, Concentrated Sector Mix

The Invesco S&P 500 Enhanced Value ETF (SPVU) offers deep value exposure, heavily overweighting financials, energy, and healthcare while underweighting technology. SPVU trades at a significant valuation discount (11.5x P/E) to the S&P 500 and peers, but lags on profitability and earnings growth due to its sector mix. The fund outperformed peers and the S&P 500 over five years, driven by financials and energy, but has higher volatility and limited liquidity.

SPVU: Low Valuation, Concentrated Sector Mix

SPVU: Missed The Rally - And A Downturn Could Erase Its Gains

The Invesco S&P 500 Enhanced Value ETF (SPVU) tracks large-cap U.S. value stocks using backward-looking valuation metrics, but has underperformed SPY. SPVU's portfolio is heavily weighted in financials, healthcare, and energy, missing out on tech-driven gains, and raising concerns about sector concentration and quality. Liquidity is limited, with a small NAV and low trading volume, while risk-adjusted returns and beta do not justify choosing SPVU over broader ETFs, like SPY.

SPVU: Missed The Rally - And A Downturn Could Erase Its Gains

Zacks Investment Research

Fed Cuts Rates & Hints at Two More Cuts in 2025: ETFs to Play

Fed's rate cut and hints of more such moves in 2025 spotlight ETFs like SPVU, RTH, SPSM, XYLD, CHAT and HYDR for growth and income plays.

Fed Cuts Rates & Hints at Two More Cuts in 2025: ETFs to Play

Zacks Investment Research

Value Outshines Growth: 5 ETF Winners Over the Past Week

Value ETFs witness a surge as tech falters, with SPVU, RPV, RZV, RFV and GVLU gaining on rate cut bets and rotation into defensive sectors.

Value Outshines Growth: 5 ETF Winners Over the Past Week

Regarding Value ETFs, Purity Matters

Value stocks and related ETFs have been decent performers of late. They've been generating buzz for a group of equities that long trailed growth stocks.

Regarding Value ETFs, Purity Matters

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