QVMM vs LEO
Comparison between INVESCO S&P MIDCAP 400 QVM MULTI-FACTOR ETF (QVMM, ETF) and BNY Mellon Strategic Municipals Inc (LEO, ETF).
5-Year PerformanceQVMM has outperformed LEO, delivering a return of +8.8% compared to -2.9%
QVMM vs LEO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
QVMM vs LEO - Historical Returns
Returns include dividend reinvestment.
QVMM vs LEO - Annual Returns (2001 - 2026)
Returns include dividend reinvestment.
| Year | QVMM | LEO |
|---|---|---|
| 2026 | +13.95% | +0.38% |
| 2025 | +9.07% | +8.40% |
| 2024 | +13.84% | +6.40% |
| 2023 | +15.89% | -1.05% |
| 2022 | -13.11% | -23.74% |
| 2021 | +6.05% | +5.05% |
| 2020 | N/A | +4.86% |
| 2019 | N/A | +22.72% |
| 2018 | N/A | -12.42% |
| 2017 | N/A | +8.83% |
| 2016 | N/A | +3.50% |
| 2015 | N/A | +11.03% |
| 2014 | N/A | +15.50% |
| 2013 | N/A | -16.60% |
| 2012 | N/A | +14.70% |
| 2011 | N/A | +23.10% |
| 2010 | N/A | +3.15% |
| 2009 | N/A | +46.92% |
| 2008 | N/A | -27.48% |
| 2007 | N/A | -7.07% |
| 2006 | N/A | +13.96% |
| 2005 | N/A | +7.55% |
| 2004 | N/A | -7.35% |
| 2003 | N/A | +10.84% |
| 2002 | N/A | +6.78% |
| 2001 | N/A | +22.11% |
QVMM vs LEO Drawdown Comparison
The maximum drawdown for QVMM was -24.01%, occurring on Apr 8, 2025. Recovery took 260 trading sessions.
The maximum drawdown for LEO was -47.31%, occurring on Oct 10, 2008. Recovery took 671 trading sessions.
The current QVMM drawdown is -2.08%. The current LEO drawdown is -18.49%.
| Rank | QVMM | LEO |
|---|---|---|
| #1 | -24.01% Nov 25, 2024 - Dec 10, 2025 | -47.31% May 7, 2007 - Jan 5, 2010 |
| #2 | -23.39% Nov 16, 2021 - Feb 12, 2024 | -41.48% Aug 27, 2021 - Oct 25, 2023 |
| #3 | -8.31% Mar 2, 2026 - Apr 14, 2026 | -30.28% Feb 25, 2020 - Feb 5, 2021 |
| #4 | -7.76% Jul 16, 2024 - Sep 19, 2024 | -23.62% Jan 8, 2013 - Nov 3, 2015 |
| #5 | -6.97% Mar 28, 2024 - Jul 16, 2024 | -21.68% Jan 21, 2004 - Sep 7, 2005 |
| #6 | -5.24% Sep 2, 2021 - Oct 20, 2021 | -19.81% Sep 10, 2010 - Oct 12, 2011 |
| #7 | -5.18% Jul 12, 2021 - Aug 3, 2021 | -17.32% Aug 1, 2017 - Jul 2, 2019 |
| #8 | -4.78% May 6, 2026 - Jun 2, 2026 | -12.16% Jul 8, 2016 - Jul 11, 2017 |
| #9 | -3.50% Aug 11, 2021 - Aug 27, 2021 | -11.77% Oct 1, 2002 - Apr 29, 2003 |
| #10 | -3.30% Nov 11, 2024 - Nov 22, 2024 | -11.61% Jun 12, 2003 - Jan 7, 2004 |
| #11 | -3.19% Oct 18, 2024 - Nov 6, 2024 | -9.85% Aug 28, 2001 - Dec 31, 2001 |
| #12 | -3.01% Jun 30, 2026 - Jul 8, 2026 | -8.30% Sep 7, 2005 - Mar 29, 2006 |
| #13 | -2.47% Feb 12, 2024 - Feb 15, 2024 | -6.69% Mar 12, 2012 - May 9, 2012 |
| #14 | -2.44% Jul 1, 2021 - Jul 12, 2021 | -6.02% Nov 29, 2012 - Jan 8, 2013 |
| #15 | -2.44% Dec 11, 2025 - Jan 5, 2026 | -5.98% Dec 31, 2001 - Apr 5, 2002 |
Correlation
Correlation between QVMM and LEO is 0.28 which considered as a very weak or no correlation - the stocks move independently of each other.
Dividend Comparison (2001 - 2026)
QVMM vs LEO dividend yield comparison.
| Year | QVMM | LEO |
|---|---|---|
| 2026 | 0.58% | 3.01% |
| 2025 | 1.32% | 4.03% |
| 2024 | 1.29% | 3.77% |
| 2023 | 1.42% | 4.37% |
| 2022 | 1.51% | 5.66% |
| 2021 | 0.60% | 4.84% |
| 2020 | 0.00% | 4.95% |
| 2019 | 0.00% | 4.94% |
| 2018 | 0.00% | 5.96% |
| 2017 | 0.00% | 5.97% |
| 2016 | 0.00% | 6.14% |
| 2015 | 0.00% | 6.04% |
| 2014 | 0.00% | 7.11% |
| 2013 | 0.00% | 7.74% |
| 2012 | 0.00% | 6.16% |
| 2011 | 0.00% | 6.61% |
| 2010 | 0.00% | 7.54% |
| 2009 | 0.00% | 6.32% |
| 2008 | 0.00% | 8.94% |
| 2007 | 0.00% | 6.13% |
| 2006 | 0.00% | 5.03% |
| 2005 | 0.00% | 6.51% |
| 2004 | 0.00% | 7.38% |
| 2003 | 0.00% | 7.32% |
| 2002 | 0.00% | 7.14% |
| 2001 | 0.00% | 5.74% |
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