SMLV vs QVMS

Comparison between STATE STREET(R) SPDR(R) US SMALL CAP LOW VOLATILITY INDEX ETF (SMLV, ETF) and INVESCO S&P SMALLCAP 600 QVM MULTI-FACTOR ETF (QVMS, ETF).

5-Year PerformanceSMLV has outperformed QVMS, delivering a return of +8.7% compared to +7.8%

SMLV vs QVMS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMLV(ETF)	QVMS(ETF)
Net Assets	$241M	$241M
Expense Ratio	0.12%	0.15%
Max Drawdown	42.87%	28.57%
Sharpe Ratio	1.32	1.55
5Y Beta	0.75	1.03
P/E Ratio	28.80	33.90
Forward P/E	13.76	15.11
5Y Dividends CAGR	12.83%	N/A
5Y EPS CAGR	6.19%	10.64%
Debt to Equity	58.92%	70.43%
P/S Ratio	1.40	1.10
P/B Ratio	1.68	1.97

Net Assets

SMLV

$241M

QVMS

$241M

Expense Ratio

Winner

SMLV

0.12%

QVMS

0.15%

Max Drawdown

SMLV

42.87%

Winner

QVMS

28.57%

Sharpe Ratio

SMLV

1.32

Winner

QVMS

1.55

5Y Beta

Winner

SMLV

0.75

QVMS

1.03

P/E Ratio

Winner

SMLV

28.80

QVMS

33.90

Forward P/E

Winner

SMLV

13.76

QVMS

15.11

5Y Dividends CAGR

SMLV

12.83%

QVMS

N/A

5Y EPS CAGR

SMLV

6.19%

Winner

QVMS

10.64%

Debt to Equity

Winner

SMLV

58.92%

QVMS

70.43%

P/S Ratio

SMLV

1.40

Winner

QVMS

1.10

P/B Ratio

Winner

SMLV

1.68

QVMS

1.97

SMLV vs QVMS - Holdings Comparison

SMLV and QVMS have 142 common holdings. Overlap is 19.80%

SMLV's top 25 holdings weight is 12.53%. QVMS's top 25 holdings weight is 13.70%.

Rank	SMLV	QVMS
#1	E-MINI RUSS 2000 JUN26 XCME 20260618 (n/a) - 0.69%	SANMINA CORP (SANM) - 1.03%
#2	n/a (PECO) - 0.65%	SEMTECH CORP (SMTC) - 0.92%
#3	HORACE MANN EDUCATORS CORP (HMN) - 0.61%	STONEX GROUP INC (SNEX) - 0.65%
#4	LANDSTAR SYSTEM INC (LSTR) - 0.60%	ELEMENT SOLUTIONS INC (ESI) - 0.65%
#5	CITY HOLDING CO (CHCO) - 0.58%	VIAVI SOLUTIONS INC (VIAV) - 0.65%
#6	NORTHWESTERN ENERGY GROUP INC (NWE) - 0.58%	FORMFACTOR INC (FORM) - 0.64%
#7	n/a (n/a) - 0.57%	EASTMAN CHEMICAL CO (EMN) - 0.59%
#8	AMERICAN STATES WATER CO (AWR) - 0.56%	KRYSTAL BIOTECH INC (KRYS) - 0.55%
#9	ATLANTA BRAVES HOLDINGS INC CLASS C (BATRK) - 0.55%	VIASAT INC (VSAT) - 0.55%
#10	SELECTIVE INSURANCE GROUP INC (SIGI) - 0.51%	QORVO INC (QRVO) - 0.55%
#11	MCGRATH RENTCORP (MGRC) - 0.51%	GLAUKOS CORP (GKOS) - 0.54%
#12	FOUR CORNERS PROPERTY TRUST INC (FCPT) - 0.50%	VICTORIA'S SECRET & CO (VSXY) - 0.53%
#13	APPLE HOSPITALITY REIT INC (APLE) - 0.49%	POWELL INDUSTRIES INC (POWL) - 0.52%
#14	COMMUNITY TRUST BANCORP INC (CTBI) - 0.49%	ALKERMES PLC (ALKS) - 0.51%
#15	VISHAY PRECISION GROUP INC (VPG) - 0.48%	ESCO TECHNOLOGIES INC (ESE) - 0.51%
#16	MSC INDUSTRIAL DIRECT CO INC CLASS A (MSM) - 0.48%	ZURN ELKAY WATER SOLUTIONS CORP (ZWS) - 0.50%
#17	SAFETY INSURANCE GROUP INC (SAFT) - 0.47%	RYMAN HOSPITALITY PROPERTIES INC (RHP) - 0.50%
#18	NELNET INC CLASS A (NNI) - 0.47%	GATES INDUSTRIAL CORP PLC (GTES) - 0.50%
#19	TFS FINANCIAL CORP (TFSL) - 0.47%	CORCEPT THERAPEUTICS INC (CORT) - 0.49%
#20	NEW JERSEY RESOURCES CORP (NJR) - 0.47%	VISHAY INTERTECHNOLOGY INC (VSH) - 0.49%
#21	n/a (RLJ) - 0.36%	FIRST BANCORP (FBP) - 0.43%
#22	n/a (GHC) - 0.36%	NOBLE CORP PLC CLASS A (NE) - 0.36%
#23	MGIC INVESTMENT CORP (MTG) - 0.36%	MATERION CORP (MTRN) - 0.35%
#24	INTERNATIONAL BANCSHARES CORP (IBOC) - 0.36%	INSTALLED BUILDING PRODUCTS INC (IBP) - 0.35%
#25	NETSTREIT CORP ORDINARY SHARES (NTST) - 0.36%	MARA HOLDINGS INC (MARA) - 0.34%
Total Holdings	364	490

SMLV vs QVMS - Historical Returns

Returns include dividend reinvestment.

Period	SMLV	QVMS
1 month	+6.47%	+6.50%
3 months	+14.30%	+18.54%
6 months	+15.41%	+17.22%
1 year	+26.58%	+35.07%
5 years(CAGR)	+8.66%	+7.85%
10 years(CAGR)	+10.70%	N/A
Max(CAGR)	+10.92%	+7.85%

SMLV

+6.47%

Winner

QVMS

+6.50%

SMLV

+14.30%

Winner

QVMS

+18.54%

SMLV

+15.41%

Winner

QVMS

+17.22%

SMLV

+26.58%

Winner

QVMS

+35.07%

5Y(CAGR)

Winner

SMLV

+8.66%

QVMS

+7.85%

10Y(CAGR)

SMLV

+10.70%

QVMS

N/A

Max(CAGR)

Winner

SMLV

+10.92%

QVMS

+7.85%

SMLV vs QVMS - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	SMLV	QVMS
2026	+18.26%	+19.59%
2025	+6.66%	+5.80%
2024	+17.20%	+10.16%
2023	+7.45%	+17.16%
2022	-8.11%	-15.36%
2021	+29.84%	+4.46%
2020	-1.27%	N/A
2019	+23.87%	N/A
2018	-6.82%	N/A
2017	+4.97%	N/A
2016	+33.71%	N/A
2015	-0.90%	N/A
2014	+15.16%	N/A
2013	+23.62%	N/A

SMLV vs QVMS Drawdown Comparison

The maximum drawdown for SMLV was -42.43%, occurring on Mar 23, 2020. Recovery took 245 trading sessions.

The maximum drawdown for QVMS was -28.05%, occurring on Apr 8, 2025. Recovery took 279 trading sessions.

Rank	SMLV	QVMS
#1	-42.43% Jan 16, 2020 - Jan 6, 2021	-28.05% Nov 25, 2024 - Jan 8, 2026
#2	-20.42% Nov 25, 2024 - Jan 12, 2026	-24.77% Nov 5, 2021 - Jul 12, 2024
#3	-18.95% Jan 4, 2022 - Jul 11, 2024	-9.12% Jul 31, 2024 - Oct 16, 2024
#4	-18.82% Aug 31, 2018 - Sep 13, 2019	-8.78% Feb 6, 2026 - Apr 14, 2026
#5	-14.30% Dec 1, 2015 - Apr 27, 2016	-7.74% Jul 1, 2021 - Aug 27, 2021
#6	-9.84% Apr 2, 2015 - Nov 27, 2015	-5.52% Sep 2, 2021 - Oct 20, 2021
#7	-8.94% Jul 26, 2024 - Sep 19, 2024	-4.13% May 6, 2026 - May 26, 2026
#8	-8.39% Nov 29, 2017 - May 25, 2018	-4.10% Nov 11, 2024 - Nov 25, 2024
#9	-7.34% Feb 6, 2026 - Apr 9, 2026	-3.76% Oct 16, 2024 - Nov 6, 2024
#10	-7.13% Sep 3, 2014 - Oct 29, 2014	-2.96% Jul 16, 2024 - Jul 26, 2024
#11	-7.06% Nov 5, 2021 - Jan 4, 2022	-2.78% Oct 25, 2021 - Nov 1, 2021
#12	-6.76% Mar 12, 2021 - Jun 8, 2021	-2.69% Jan 22, 2026 - Feb 6, 2026
#13	-6.75% Jun 8, 2021 - Oct 20, 2021	-1.77% Jun 4, 2026 - Jun 11, 2026
#14	-6.43% Jun 8, 2016 - Jul 11, 2016	-1.64% Jan 15, 2026 - Jan 21, 2026
#15	-6.29% Jan 4, 2017 - Apr 26, 2017	-1.48% Apr 27, 2026 - Apr 30, 2026

Correlation

Correlation between SMLV and QVMS is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2013 - 2026)

SMLV vs QVMS dividend yield comparison.

Year	SMLV	QVMS
2026	0.46%	0.32%
2025	2.74%	1.10%
2024	2.68%	1.53%
2023	2.68%	1.51%
2022	2.40%	1.58%
2021	2.12%	0.64%
2020	2.47%	0.00%
2019	2.62%	0.00%
2018	3.15%	0.00%
2017	7.92%	0.00%
2016	3.04%	0.00%
2015	2.63%	0.00%
2014	2.76%	0.00%
2013	3.68%	0.00%