Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) Performance
QVMT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.1% since Dec 31, 2025
- 1 year
- +16.4% total return
- 5 years
- +10.2% a year
- 10 years
- +11.9% a year
- Since first price
- +11.2% a year since 2015
QVMT trailing returns vs SPY, QQQ, AGG
| Period | QVMT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.7% | −3.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.2% | −5.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +0.9% | +0.3% | +7.8% | +8.4% | −1.5% |
| YTD | +11.1% | +9.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +16.4% | +14.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +74.5%+20.4%/yr | +62.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +62.3%+10.2%/yr | +42.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +207.1%+11.9%/yr | +137.7% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionOct 9, 2015 | +223.6%+11.2%/yr | +147.0% | — | — | — |
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: QVMT vs SPY
From Oct 9, 2015: QVMT grew to $32,355, SPY to $45,153.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QVMT returns by calendar year
7 of 10 full years positive. Best 2021 (+35.3%), worst 2020 (−10.0%). 2026 is year to date.
QVMT annual returns table
| Year | QVMT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.1% | −10.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +19.1% | −12.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +14.4% | −10.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.7% | −14.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −5.6% | −22.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +35.3% | −8.8% | +28.7% | +27.4% | −1.8% |
| 2020 | −10.0% | −48.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +28.9% | −11.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −9.5% | −20.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +18.8% | −6.0% | +21.7% | +32.7% | +3.6% |
| 2016 | +18.8% | −11.2% | +12.0% | +7.1% | +2.4% |
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.
QVMT largest drawdowns
Now 10.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 2, 2020 | −48.1% | Mar 23, 2020 | Feb 22, 2021 | 3 months | 1.1 years |
| Jan 14, 2022 | −22.0% | Sep 30, 2022 | Jan 2, 2024 | 9 months | 2.0 years |
| Jan 29, 2018 | −20.3% | Dec 24, 2018 | Jul 24, 2019 | 11 months | 1.5 years |
| Dec 3, 2015 | −15.3% | Jan 20, 2016 | Jul 18, 2016 | 48 days | 7 months |
| Nov 25, 2024 | −14.4% | Apr 8, 2025 | Aug 20, 2025 | 4 months | 9 months |
| Jul 24, 2019 | −11.1% | Aug 27, 2019 | Oct 23, 2019 | 34 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QVMT risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2015 |
|---|---|---|---|---|
| Annualized return | +19.7% | +12.3% | +12.5% | +11.7% |
| Volatility (annualized) | 14.8% | 18.1% | 20.3% | 19.9% |
| Sharpe ratio | 1.00 | 0.54 | 0.57 | 0.55 |
| Sortino ratio | 1.72 | 0.84 | 0.86 | 0.83 |
| Best month | +8.4% | +13.8% | +20.2% | +20.2% |
| Worst month | −8.3% | −11.2% | −24.8% | −24.8% |
| Best 12 months | +37.2% | +37.2% | +73.6% | +73.6% |
| Worst 12 months | +4.5% | −12.3% | −27.2% | −27.2% |
| Positive months | 67% | 60% | 62% | 62% |
| Beta vs S&P 500 | 0.70 | 0.85 | 1.06 | — |
| Correlation with S&P 500 | 0.59 | 0.74 | 0.80 | — |
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.
QVMT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 121 | −27.2% | +12.3% | +73.6% | 77% |
| 3-year (a year) | 97 | −5.9% | +11.4% | +23.7% | 92% |
| 5-year (a year) | 73 | +3.6% | +10.6% | +20.2% | 100% |
| 10-year (a year) | 13 | +10.7% | +12.5% | +13.6% | 100% |
Every holding period starting at a month-end since 2015. Returns for 3 years and longer are annualized.
QVMT performance overview
Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) returned +16.4% over the past year and +11.9% a year over ten years, with distributions reinvested. Since its first recorded price in 2015 it has returned +11.2% a year, turning $10,000 into about $32,355. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −48.1%, from Jan 2, 2020 to Mar 23, 2020, and it took 11 months to get back to the old high. QVMT finished 7 of its 10 full calendar years with a gain; the best year was 2021 (+35.3%) and the worst 2020 (−10.0%). Volatility has been 19.9% a year.
Related: QVMT chart, QVMT dividends. See the QVMT overview for the latest quote and fund facts.
QVMT performance FAQ
What is the QVMT return over the past year?
QVMT returned +16.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.3%.
What is the average annual return of QVMT?
QVMT has returned +10.2% a year over 5 years, +11.9% a year over 10 years, +11.2% a year since October 9, 2015 (total return, distributions reinvested).
How much would $10,000 invested in QVMT be worth?
$10,000 invested in QVMT at its first recorded close on October 9, 2015 would be worth about $32,355 on October 23, 2026 with distributions reinvested.
What was the worst year for QVMT?
The worst calendar year was 2020, with a total return of −10.0%. The best was 2021 at +35.3%.
What is the biggest drawdown of QVMT?
The largest peak-to-trough decline was −48.1% between January 2, 2020 and March 23, 2020. It recovered to the old high on February 22, 2021, 11 months after the bottom.
How volatile is QVMT?
Over the past 3 years QVMT had an annualized volatility of 14.8% and a Sharpe ratio of 1.00 (excess return over 1–3 month T-bills per unit of risk).