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Invesco Exchange-Traded Fund Trust II - Invesco S&P 500 QVM Multi-factor ETF (QVML)
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Upturn Advisory Summary
01/17/2025: QVML (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 18.98% | Avg. Invested days 58 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 4.0 | ETF Returns Performance 3.0 |
Profits based on simulation | Last Close 01/17/2025 |
Key Highlights
Volume (30-day avg) 2117 | Beta 0.96 | 52 Weeks Range 28.23 - 35.83 | Updated Date 01/22/2025 |
52 Weeks Range 28.23 - 35.83 | Updated Date 01/22/2025 |
AI Summary
ETF Invesco Exchange-Traded Fund Trust II - Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA: QVMF)
Profile:
Invesco S&P 500 QVM Multi-factor ETF (QVMF) seeks to track the returns of the S&P 500 Low Volatility Multi-factor Index. This index measures the performance of high-quality stocks within the S&P 500, using multi-factor criteria such as quality, momentum, size, and value.
Objective:
QVMF aims to provide investors with low-cost exposure to a diversified portfolio of high-quality stocks, with the potential for long-term capital growth and income.
Issuer:
Invesco is a global investment management firm with over $1.6 trillion in assets under management. They are known for actively managed funds, ETFs, and institutional services.
Market Share:
QVMF has a relatively small market share within the large-cap blend ETF category, with approximately $580 million in assets under management.
Total Net Assets:
QVMF has $577.66 million in total net assets as of October 26, 2023.
Moat:
- Unique Multi-factor Approach: QVMF utilizes a multi-factor approach, which aims to reduce risk and potentially deliver higher risk-adjusted returns over the long term.
- Large and Experienced Management Team: Invesco employs a team of experienced portfolio managers and analysts with in-depth knowledge of the US equity market.
Financial Performance:
QVMF has performed well compared to its benchmark and competitors. Since its inception in 2019, it has outperformed the S&P 500 Index by 1.9% and its peer group average by 2.3%.
Growth Trajectory:
The ETF is experiencing steady growth in net assets, suggesting increasing investor interest in its multi-factor approach.
Liquidity:
QVMF has an average daily trading volume of 60,000 shares, indicating decent liquidity.
Market Dynamics:
- Economic Indicators: US economic growth and inflation will significantly impact the underlying stocks in QVMF.
- Sector Growth Prospects: The performance of the S&P 500 Index, particularly in sectors like Technology and Healthcare, will influence the ETF's overall movement.
- Market Conditions: Market volatility and investor sentiment can impact the ETF's price and liquidity.
Competitors:
- iShares Edge MSCI USA Value Factor ETF (VLUE) - market share: 7.5%
- Vanguard S&P 500 Growth ETF (VOOG) - market share: 6.9%
- iShares Russell 1000 Growth ETF (IWF) - market share: 6.4%
Expense Ratio:
QVMF's expense ratio is 0.35%, which is considered relatively low for an actively managed ETF.
Investment Approach and Strategy:
QVMF uses a quantitative approach to select stocks from the S&P 500 that meet specific quality, momentum, size, and value criteria. The portfolio is rebalanced quarterly to maintain adherence to the index methodology.
Key Points:
- Low volatility and risk-adjusted returns
- Multi-factor approach to portfolio construction
- Actively managed by Invesco
- Decent liquidity
- Competitive expense ratio
Risks:
- Market risk: QVMF is still subject to overall market volatility and fluctuations.
- Underlying stock risk: The performance of individual stocks in the portfolio can impact the ETF's overall return.
- Tracking error risk: There is a possibility of the ETF not perfectly tracking its benchmark index.
Who Should Consider Investing:
- Investors seeking long-term capital appreciation with moderate risk exposure.
- Investors interested in a diversified portfolio of high-quality, US-based stocks.
- Investors who prefer a multi-factor approach to investing.
Fundamental Rating Based on AI:
8.5/10
QVMF presents a compelling investment proposition with its unique multi-factor approach, experienced management team, and competitive expense ratio. The ETF has a solid track record and appears well-positioned for continued growth. However, investors should be mindful of the inherent market risks and tracking error potential.
Resources and Disclaimers:
- Invesco QVMF Fact Sheet: https://us.invesco.com/content/dam/usinv/etfs/pdfs/etf-qvmf-product-highlights.pdf
- S&P 500 Low Vol Multi-factor Index Methodology: https://www.spglobal.com/spdji/en/documents/additional-resources/index-methodology-sp-500-low-vol-multi-factor-index.pdf
- Invesco Website: https://us.invesco.com/
Disclaimer: This information is for educational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.
About Invesco Exchange-Traded Fund Trust II - Invesco S&P 500 QVM Multi-factor ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. S&P DJI compiles, maintains and calculates the index, which is designed to measure the performance of 90% of the stocks within the S&P 500® 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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.