Invesco S&P 500 QVM Multi-factor ETF (QVML) Performance
QVML total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.4% since Dec 31, 2025
- 1 year
- +15.6% total return
- 5 years
- +12.7% a year
- Since first price
- +13.2% a year since 2021
QVML trailing returns vs SPY, QQQ, AGG
| Period | QVML total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.3% | −0.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.3% | +3.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.5% | +8.0% | +7.8% | +8.4% | −1.5% |
| YTD | +13.4% | +12.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.6% | +14.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +89.4%+23.7%/yr | +82.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +81.7%+12.7%/yr | +69.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJun 30, 2021 | +93.5%+13.2%/yr | +80.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: QVML vs SPY
From Jun 30, 2021: QVML grew to $19,348, SPY to $19,043.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QVML returns by calendar year
3 of 4 full years positive. Best 2024 (+25.9%), worst 2022 (−16.3%). 2026 is year to date.
QVML annual returns table
| Year | QVML | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.4% | −8.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +17.7% | −18.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +25.9% | −8.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +22.2% | −9.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −16.3% | −23.5% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
QVML largest drawdowns
Now 2.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 4, 2022 | −23.5% | Oct 12, 2022 | Dec 13, 2023 | 9 months | 1.9 years |
| Feb 19, 2025 | −18.7% | Apr 8, 2025 | Jun 27, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QVML risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +23.2% | +13.9% | +13.4% |
| Volatility (annualized) | 12.1% | 15.3% | 15.2% |
| Sharpe ratio | 1.44 | 0.70 | 0.68 |
| Sortino ratio | 3.06 | 1.13 | 1.10 |
| Best month | +11.0% | +11.0% | +11.0% |
| Worst month | −5.2% | −9.2% | −9.2% |
| Best 12 months | +38.9% | +38.9% | +38.9% |
| Worst 12 months | +9.0% | −16.3% | −16.3% |
| Positive months | 67% | 60% | 60% |
| Beta vs S&P 500 | 0.97 | 0.97 | — |
| Correlation with S&P 500 | 0.99 | 0.99 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
QVML rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 53 | −16.3% | +15.6% | +38.9% | 81% |
| 3-year (a year) | 29 | +8.8% | +19.0% | +24.2% | 100% |
| 5-year (a year) | 5 | +12.4% | +13.2% | +13.9% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
QVML performance overview
Invesco S&P 500 QVM Multi-factor ETF (QVML) returned +15.6% over the past year and +12.7% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +13.2% a year, turning $10,000 into about $19,348. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −23.5%, from Jan 4, 2022 to Oct 12, 2022, and it took 1.2 years to get back to the old high. QVML finished 3 of its 4 full calendar years with a gain; the best year was 2024 (+25.9%) and the worst 2022 (−16.3%). Volatility has been 15.2% a year.
Related: QVML chart, QVML holdings, QVML dividends, QVML valuation. See the QVML overview for the latest quote and fund facts.
QVML performance FAQ
What is the QVML return over the past year?
QVML returned +15.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.4%.
What is the average annual return of QVML?
QVML has returned +12.7% a year over 5 years, +13.2% a year since June 30, 2021 (total return, distributions reinvested).
How much would $10,000 invested in QVML be worth?
$10,000 invested in QVML at its first recorded close on June 30, 2021 would be worth about $19,348 on October 23, 2026 with distributions reinvested.
What was the worst year for QVML?
The worst calendar year was 2022, with a total return of −16.3%. The best was 2024 at +25.9%.
What is the biggest drawdown of QVML?
The largest peak-to-trough decline was −23.5% between January 4, 2022 and October 12, 2022. It recovered to the old high on December 13, 2023, 1.2 years after the bottom.
How volatile is QVML?
Over the past 3 years QVML had an annualized volatility of 12.1% and a Sharpe ratio of 1.44 (excess return over 1–3 month T-bills per unit of risk).