At a glance
BMVP charges 0.29% a year, below the 0.42% average of the 6 funds most like it (the 3rd cheapest of 7). It has $103.6M in assets, the 5th largest of that group; it paid 1.75% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +13.5% with distributions reinvested (S&P 500: +11.5%), 4th of those 7 funds; over three years it returned +17.9% a year. Its ten largest positions make up 20.2% of the fund, out of 55 in all.
The short version
Invesco Bloomberg MVP Multi-factor ETF (BMVP) tracks the Bloomberg MVP Index. The index holds about 50 large US companies picked for price momentum, low valuations, low volatility and high profitability, and it puts the same amount in each one. Its 0.29% expense ratio is below the 0.42% average of similar factor funds. It trades heavily, though, with 176% portfolio turnover, and it held only about $104 million in assets as of July 31, 2026.
Price history
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BMVP +13.5% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| BMVP official prospectus, to Dec 31, 2025 | — | +5.99% | — | +8.24% | +8.79% | — |
| BMVP price data to Oct 27, 2026 | +12.7% | +13.5% | +17.9% | — | — | +14.0% |
- Over the year to Oct 27, 2026, BMVP returned +13.5%, 4th of 7 among similar funds.
- Its worst full calendar year was 2025 (+6.1%); its best was 2024 (+17.5%).
- The deepest fall in its price history was 15.1% (Nov 29, 2024 to Apr 8, 2025), recovered by Jan 6, 2026.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +12.7% | — |
| 2025 | +6.1% | +5.99% |
| 2024 | +17.5% | +17.46% |
| 2023 | — | +18.82% |
| 2022 | — | -15.88% |
| 2021 | — | +19.28% |
| 2020 | — | +8.44% |
| 2019 | — | +13.45% |
| 2018 | — | -5.86% |
| 2017 | — | +19.56% |
| 2016 | — | +12.88% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Not in the price data, which starts Aug 28, 2023 |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Not in the price data, which starts Aug 28, 2023 |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Not in the price data, which starts Aug 28, 2023 |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.7000 | |
| 2025 | $0.8600 | +16.2% |
| 2024 | $0.7400 |
What's inside
As of Jul 31, 2026, the fund held 55 securities; the ten largest made up 20.24% of assets.
| Holding | Weight | |
|---|---|---|
| Marathon Petroleum Corp. | 2.15% | |
| Ameriprise Financial, Inc. | 2.07% | |
| Ross Stores, Inc. | 2.05% | |
| Raymond James Financial, Inc. | 2.01% | |
| CF Industries Holdings, Inc. | 2.01% | |
| Nucor Corp. | 2.01% | |
| NetApp, Inc. | 2.00% | |
| Lockheed Martin Corp. | 1.99% | |
| Best Buy Co., Inc. | 1.98% | |
| MetLife, Inc. | 1.97% | |
| Travelers Cos., Inc. (The) | 1.97% | |
| Bristol-Myers Squibb Co. | 1.97% | |
| AT&T Inc. | 1.95% | |
| Leidos Holdings, Inc. | 1.95% | |
| Allstate Corp. (The) | 1.93% |
By country
United States 98.63%Jersey 1.71%By asset type
Stocks 100.34%By sector
Sectors of the companies held, for the 73.5% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors withdrew a net $1.6M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -0.32%, -0.35%, +4.17%.
How it works
BMVP is an index fund. It aims to match the Bloomberg MVP Index, which Bloomberg Index Services Limited builds from the Bloomberg US 500 Index: the 500 largest US companies by the value of shares available to the public. Each stock gets a score on four traits: momentum (total return over six and 12 months), value (EBITDA and revenue compared with share price), volatility (price swings over six and 12 months, where lower is better) and profitability (return on invested capital and return on equity).
Each stock is ranked against others in its own sector, not against the whole market. Its four scores are averaged into an MVP Score, and stocks scoring above 90 within their sector make the cut. Because the scoring happens sector by sector, the fund doesn't load up on one hot industry. Every holding then gets an equal weight. As of June 30, 2026, the index had 56 companies worth from $10.4 billion to $4.3 trillion.
The fund uses full replication, which means it owns every stock in the index at its index weight. Scores shift, so the holdings change often. Portfolio turnover was 176%, meaning the fund replaced the equivalent of its whole portfolio more than one and a half times in a year. That trading has costs that the expense ratio doesn't include. As of July 31, 2026, the fund held only stocks, plus 0.22% in cash, and used no derivatives or leverage.
What it really costs
- BMVP charges 0.29% a year, versus an average of 0.42% for the similar funds below (3rd of 7, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $30 in the first year and $368 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| BMVP | $30 | $93 | $163 | $368 |
In a retirement portfolio
Its equal-weighted, sector-neutral basket of about 55 stocks looks quite different from index funds weighted by company size, which lean heavily on the biggest names.
BMVP spreads money evenly. As of July 31, 2026, no holding was much above 2%, and the top 10 made up 20.24% of assets. Its record still shows real losses. The fund fell 15.88% in 2022, its worst calendar year from 2016 to 2025, and lost 25.38% in the first quarter of 2020. The figures here don't go back to 2008. In price data starting August 2023, its deepest drop was 15.1%, from November 2024 to April 2025. It took about nine months to regain its prior peak, in January 2026. Someone selling shares during a drop like that would lock in losses. The yield was 1.75% as of October 27, 2026, paid quarterly. In the SEC's standard $10,000 example, costs come to $368 over 10 years. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want large US stocks screened for momentum, value, low volatility and profitability, with each held in roughly equal 2% slices.
- Cost-aware factor investors: the 0.29% expense ratio is below the 0.42% peer average and well under HUSV's 0.70%.
- Those who prefer a smaller-swinging stock fund: one-year volatility was 10% as of October 27, 2026, with a 15.1% deepest drop since August 2023.
Look elsewhere if
- Investors who want the lowest-cost factor funds: ESMV charges 0.18% and DUHP 0.21%.
- Those wary of heavy trading: 176% turnover adds costs beyond the expense ratio, and the list of holdings can change sharply.
- Anyone who wants big positions in the largest US companies, or a large fund: BMVP had about $104 million in assets as of July 31, 2026.
Close alternatives
Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| BMVP this fund | — | 0.29% | $103.6M | +13.5% | +17.9% |
| HUSV First Trust Horizon Managed Volatility Dome… | 24% | 0.7% | $73.8M | +7.4% | +12.4% |
| DUHP Dimensional US High Profitability ETF | 20% | 0.21% | $12.28B | +11.7% | +21.2% |
| AFLG First Trust Active Factor Large Cap ETF | 19% | 0.55% | $761.1M | +14.8% | +24.7% |
| EDOW First Trust Dow 30 Equal Weight ETF | 18% | 0.5% | $306.6M | +14.6% | +19.9% |
| VSMV VictoryShares US Multi-Factor Minimum Volat… | 18% | 0.35% | $155.5M | +15.7% | +19.2% |
| ESMV iShares ESG MSCI USA Min Vol Factor ETF | 17% | 0.18% | $7.7M | +12.0% | +15.1% |
Questions investors ask
What does MVP stand for in BMVP?
MVP stands for momentum, value, volatility and profitability. Those are the four traits the Bloomberg MVP Index uses to score stocks in the Bloomberg US 500 Index. Strong recent returns, low prices compared with EBITDA and revenue, smaller price swings, and high returns on capital and equity all raise a stock's score. Stocks scoring above 90 within their sector are included, and each one is held at an equal weight.
What is BMVP's expense ratio?
BMVP's expense ratio is 0.29%, according to the prospectus filed August 27, 2026. That is below the 0.42% average of the similar funds it was compared with, and it ranks 3rd cheapest of 7. In the SEC's standard example, $10,000 earning 5% a year would pay about $30 in costs over one year and $368 over 10 years. Its 176% turnover creates trading costs on top of that.
Does BMVP pay dividends?
Yes. BMVP pays dividends quarterly. Over the 12 months to October 27, 2026, it paid $0.95 per share, a trailing yield of 1.75%. The income comes from the dividends of the roughly 55 stocks it holds, such as Marathon Petroleum, Ameriprise Financial, Ross Stores and Raymond James Financial. Payments can rise or fall as the stocks in the index change.
BMVP vs HUSV: what's the difference?
They share about 24% of their holdings, but BMVP costs much less. BMVP charges 0.29% and HUSV, the First Trust Horizon Managed Volatility Domestic ETF, charges 0.70%. BMVP follows a fixed index that scores stocks on four factors and weights them equally. HUSV focuses on managing volatility. As of October 27, 2026, BMVP returned 13.5% over one year and 17.9% a year over three years, compared with 7.4% and 12.4% for HUSV.
What are BMVP's long-term returns?
BMVP returned an average of 8.79% a year over the 10 years to December 31, 2025, according to its prospectus. Over five years it averaged 8.24% a year, and in 2025 it returned 5.99%. Its strongest calendar year in that span was 19.56% in 2017, and its weakest was a 15.88% loss in 2022. Through October 27, 2026, its price-based return for 2026 so far was 12.7%.