FLDZ vs. QVMM ETF Comparison

Comparison of RiverNorth Volition America Patriot ETF (FLDZ) to Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM)

FLDZ

RiverNorth Volition America Patriot ETF

FLDZ Description

RiverNorth Volition America Patriot ETF is an exchange traded fund launched by Listed Funds Trust. The fund is co-managed by RiverNorth Capital Management, LLC, TrueMark Investments, LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. RiverNorth Volition America Patriot ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$25.46

Average Daily Volume

67

Number of Holdings ^*

296

* may have additional holdings in another (foreign) market

QVMM

Invesco S&P MidCap 400 QVM Multi-factor ETF

QVMM Description

The investment seeks to track the investment results of the S&P MidCap 400 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P MidCap 400 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$27.00

Average Daily Volume

4,051

Number of Holdings ^*

348

* may have additional holdings in another (foreign) market

Performance

Period	FLDZ	QVMM
30 Days	0.01%	-1.40%
60 Days	0.25%	-0.30%
90 Days	-1.22%	-1.58%
12 Months	11.98%	13.01%

92 Overlapping Holdings

	Symbol	Grade	Weight in FLDZ	Weight in QVMM	Overlap
	ADC	B	0.22%	0.26%	0.22%
	AFG	D	0.26%	0.36%	0.26%
	ALLY	B	0.25%	0.48%	0.25%
	AM	B	0.4%	0.21%	0.21%
	AMH	A	0.21%	0.5%	0.21%
	AN	C	0.39%	0.19%	0.19%
	AR	C	0.46%	0.38%	0.38%
	BJ	B	0.47%	0.52%	0.47%
	BRX	B	0.2%	0.29%	0.2%
	BYD	F	0.33%	0.17%	0.17%
	CACC	B	0.18%	0.13%	0.13%
	CACI	B	0.51%	0.41%	0.41%
	CADE	C	0.19%	0.21%	0.19%
	CASY	B	0.44%	0.6%	0.44%
	CBSH	C	0.25%	0.27%	0.25%
	CELH	F	0.26%	0.37%	0.26%
	CFR	D	0.24%	0.27%	0.24%
	CHE	D	0.5%	0.34%	0.34%
	CHK	C	0.36%	0.41%	0.36%
	CHRD	C	0.39%	0.3%	0.3%
	CIVI	D	0.37%	0.25%	0.25%
	CNM	D	0.34%	0.36%	0.34%
	COKE	B	0.36%	0.21%	0.21%
	CUBE	B	0.25%	0.44%	0.25%
	DKS	C	0.37%	0.6%	0.37%
	DTM	B	0.38%	0.29%	0.29%
	EGP	B	0.2%	0.32%	0.2%
	EME	D	0.46%	0.76%	0.46%
	EQH	B	0.26%	0.58%	0.26%
	ERIE	C	0.27%	0.38%	0.27%
	EWBC	C	0.23%	0.41%	0.23%
	EXP	D	0.34%	0.32%	0.32%
	FHN	C	0.22%	0.33%	0.22%
	FIVE	F	0.27%	0.26%	0.26%
	FIX	C	0.38%	0.49%	0.38%
	FND	F	0.33%	0.52%	0.33%
	FNF	D	0.21%	0.54%	0.21%
	FR	C	0.23%	0.27%	0.23%
	FYBR	B	0.35%	0.24%	0.24%
	GLPI	C	0.23%	0.51%	0.23%
	HQY	B	0.42%	0.31%	0.31%
	KBH	C	0.33%	0.23%	0.23%
	KEX	B	0.41%	0.3%	0.3%
	KNSL	F	0.16%	0.35%	0.16%
	KNX	C	0.31%	0.34%	0.31%
	LAMR	A	0.23%	0.41%	0.23%
	LANC	C	0.29%	0.17%	0.17%
	LSTR	B	0.36%	0.29%	0.29%
	M	D	0.36%	0.19%	0.19%
	MSM	F	0.28%	0.16%	0.16%
	MTDR	D	0.32%	0.27%	0.27%
	MTZ	C	0.49%	0.24%	0.24%
	MUSA	C	0.37%	0.41%	0.37%
	NBIX	C	0.39%	0.56%	0.39%
	NNN	B	0.22%	0.33%	0.22%
	NXST	C	0.31%	0.22%	0.22%
	NYT	A	0.39%	0.37%	0.37%
	OGE	C	0.35%	0.3%	0.3%
	OPCH	F	0.28%	0.21%	0.21%
	ORI	C	0.23%	0.34%	0.23%
	OZK	D	0.17%	0.18%	0.17%
	PB	C	0.23%	0.24%	0.23%
	PCTY	F	0.31%	0.26%	0.26%
	PFGC	D	0.37%	0.45%	0.37%
	PNFP	D	0.21%	0.25%	0.21%
	PR	C	0.34%	0.28%	0.28%
	REXR	C	0.21%	0.39%	0.21%
	RLI	D	0.22%	0.24%	0.22%
	RRC	C	0.43%	0.34%	0.34%
	SAIA	B	0.43%	0.5%	0.43%
	SAIC	F	0.36%	0.26%	0.26%
	SFM	B	0.47%	0.33%	0.33%
	SIGI	F	0.22%	0.24%	0.22%
	SNV	A	0.16%	0.22%	0.16%
	SSB	D	0.21%	0.24%	0.21%
	STAG	B	0.22%	0.28%	0.22%
	SWN	C	0.36%	0.32%	0.32%
	SWX	D	0.35%	0.18%	0.18%
	THC	B	0.53%	0.57%	0.53%
	TMHC	D	0.34%	0.25%	0.25%
	TOL	D	0.36%	0.52%	0.36%
	TREX	F	0.33%	0.38%	0.33%
	TXRH	C	0.4%	0.48%	0.4%
	UFPI	D	0.36%	0.31%	0.31%
	USFD	B	0.37%	0.5%	0.37%
	VNO	B	0.18%	0.18%	0.18%
	VOYA	D	0.2%	0.33%	0.2%
	VVV	B	0.32%	0.25%	0.25%
	WBS	D	0.18%	0.3%	0.18%
	WSM	D	0.36%	0.83%	0.36%
	WTFC	C	0.22%	0.24%	0.22%
	WTRG	D	0.35%	0.4%	0.35%

FLDZ Overweight 204 Positions Relative to QVMM

	Symbol	Grade	Weight
	FSLR	C	0.61%
	MO	A	0.58%
	T	B	0.57%
	INTU	B	0.57%
	RSG	A	0.54%
	ORLY	C	0.52%
	MLM	D	0.5%
	NEE	D	0.49%
	SO	B	0.48%
	CEG	C	0.48%
	CVNA	B	0.47%
	WMB	A	0.47%
	MPC	D	0.47%
	VST	C	0.46%
	WING	B	0.46%
	NTRA	B	0.46%
	FOXA	A	0.45%
	TTD	A	0.45%
	TSCO	D	0.45%
	TGT	D	0.45%
	CMG	C	0.45%
	ET	A	0.44%
	KMI	A	0.44%
	NRG	C	0.44%
	TRGP	A	0.44%
	PEG	A	0.44%
	PAYX	D	0.43%
	CHDN	A	0.43%
	EOG	C	0.43%
	BAH	B	0.43%
	DGX	C	0.43%
	EPD	A	0.43%
	DUK	D	0.43%
	ELV	C	0.42%
	HUM	C	0.42%
	NVR	D	0.42%
	VZ	B	0.42%
	WES	A	0.42%
	EQT	D	0.42%
	ITCI	C	0.41%
	STZ	C	0.41%
	TOST	C	0.41%
	CTRA	D	0.41%
	AWK	C	0.41%
	WM	B	0.41%
	CPB	B	0.41%
	ROST	B	0.4%
	CI	D	0.4%
	EIX	D	0.4%
	ETR	D	0.39%
	INCY	C	0.39%
	MRO	B	0.39%
	MPLX	A	0.39%
	CNP	B	0.39%
	VMC	D	0.39%
	PNW	D	0.39%
	CSX	D	0.39%
	AGR	C	0.39%
	ED	D	0.39%
	NI	B	0.39%
	DTE	D	0.39%
	LUV	B	0.38%
	CAH	D	0.38%
	XEL	D	0.38%
	D	C	0.38%
	Z	C	0.38%
	AEP	D	0.38%
	SRPT	C	0.38%
	MTH	D	0.38%
	FE	C	0.38%
	OKE	A	0.38%
	UNH	D	0.38%
	PPL	D	0.38%
	CNC	D	0.37%
	ENLC	A	0.37%
	NSC	D	0.37%
	CZR	C	0.37%
	BURL	B	0.37%
	AEE	D	0.37%
	AZEK	D	0.37%
	BECN	D	0.37%
	EVRG	D	0.37%
	PCG	D	0.37%
	HRL	F	0.37%
	CMS	D	0.37%
	RIVN	C	0.37%
	FANG	A	0.37%
	ENSG	A	0.37%
	ADTN	F	0.36%
	REYN	D	0.36%
	AAON	B	0.36%
	DVN	C	0.36%
	EXC	D	0.36%
	IONS	B	0.36%
	DRI	D	0.36%
	LNT	C	0.36%
	ATO	C	0.36%
	PHM	D	0.35%
	LEN	D	0.35%
	DDS	C	0.35%
	CQP	C	0.35%
	CWST	B	0.35%
	ES	D	0.34%
	ESS	B	0.34%
	DKNG	F	0.34%
	KR	C	0.34%
	LBRDK	C	0.34%
	WEC	D	0.34%
	IEP	C	0.34%
	CHTR	C	0.33%
	TPL	B	0.33%
	LCID	D	0.33%
	SUM	D	0.33%
	CVS	D	0.33%
	PGR	B	0.33%
	DHI	D	0.33%
	ACI	F	0.33%
	SM	D	0.32%
	RCM	F	0.32%
	APO	A	0.32%
	PNC	C	0.31%
	WFC	C	0.31%
	IBP	D	0.31%
	DG	F	0.31%
	KMX	B	0.31%
	ROKU	D	0.31%
	SUN	C	0.31%
	ULTA	D	0.3%
	JBHT	F	0.3%
	INSP	F	0.3%
	BLDR	F	0.29%
	TNET	F	0.29%
	PAYC	F	0.29%
	SIRI	C	0.29%
	BCC	F	0.29%
	HII	D	0.29%
	BILL	F	0.28%
	COF	C	0.28%
	ASO	F	0.28%
	SCHW	C	0.28%
	MAA	C	0.28%
	USB	C	0.27%
	ODFL	D	0.27%
	LYFT	F	0.27%
	JKHY	C	0.27%
	APLS	F	0.27%
	HOOD	B	0.27%
	ALL	D	0.26%
	DOC	B	0.26%
	SITE	F	0.26%
	RH	D	0.26%
	ZION	B	0.25%
	BOKF	C	0.25%
	SYF	B	0.25%
	DFS	A	0.25%
	REG	C	0.25%
	OWL	D	0.25%
	CPT	B	0.25%
	EXR	B	0.24%
	L	D	0.24%
	EQR	B	0.24%
	WAL	B	0.24%
	AVB	B	0.24%
	KIM	B	0.24%
	HIG	C	0.24%
	MOH	F	0.24%
	FRT	C	0.24%
	CFG	B	0.23%
	CMA	C	0.23%
	CINF	B	0.23%
	FITB	C	0.23%
	LPLA	B	0.23%
	CCI	D	0.23%
	INVH	A	0.23%
	MARA	B	0.23%
	MTB	B	0.23%
	TROW	C	0.23%
	ARE	C	0.23%
	UDR	B	0.23%
	FCNCA	C	0.23%
	VICI	D	0.23%
	SPG	B	0.23%
	ARES	C	0.22%
	MKL	D	0.22%
	PSA	B	0.22%
	HBAN	C	0.21%
	AGNC	A	0.21%
	TFC	B	0.21%
	OMF	C	0.21%
	HST	D	0.2%
	BXP	B	0.2%
	DV	F	0.2%
	CBOE	D	0.2%
	ELS	C	0.2%
	KEY	C	0.2%
	JXN	B	0.2%
	RF	B	0.2%
	SOFI	D	0.2%
	RHP	D	0.19%
	AFRM	F	0.19%
	FG	D	0.18%
	AMP	B	0.17%
	GL	C	0.16%
	TRNO	B	0.16%

FLDZ Underweight 256 Positions Relative to QVMM

	Symbol	Grade	Weight
	CSL	C	-0.86%
	PSTG	C	-0.78%
	LII	A	-0.75%
	WSO	B	-0.71%
	RS	D	-0.7%
	OC	D	-0.67%
	MANH	B	-0.62%
	RPM	D	-0.61%
	UTHR	B	-0.6%
	GGG	D	-0.58%
	RGA	B	-0.57%
	NVT	C	-0.55%
	IBKR	B	-0.55%
	ACM	D	-0.53%
	BLD	D	-0.52%
	XPO	D	-0.51%
	RNR	D	-0.51%
	OVV	C	-0.51%
	WMS	D	-0.5%
	ELF	C	-0.5%
	DT	F	-0.48%
	LECO	F	-0.47%
	CLH	B	-0.47%
	ONTO	B	-0.46%
	ITT	D	-0.46%
	WWD	C	-0.46%
	TTEK	C	-0.46%
	CW	B	-0.45%
	SCI	C	-0.45%
	JLL	B	-0.44%
	SKX	C	-0.43%
	CROX	C	-0.42%
	TTC	C	-0.42%
	CCK	F	-0.41%
	ATR	D	-0.41%
	RRX	F	-0.41%
	OLED	A	-0.4%
	LNW	B	-0.39%
	UNM	D	-0.39%
	MEDP	C	-0.39%
	CG	D	-0.38%
	DCI	D	-0.37%
	ARMK	B	-0.37%
	PRI	C	-0.36%
	EHC	A	-0.36%
	TPX	D	-0.36%
	X	D	-0.36%
	DINO	D	-0.36%
	GPK	D	-0.36%
	SF	B	-0.36%
	KBR	C	-0.36%
	RBC	C	-0.35%
	OHI	A	-0.35%
	BWXT	B	-0.35%
	WFRD	B	-0.35%
	GNTX	C	-0.34%
	LSCC	D	-0.34%
	ALV	D	-0.34%
	INGR	D	-0.33%
	RGLD	C	-0.33%
	AXTA	C	-0.33%
	HRB	A	-0.33%
	CLF	D	-0.33%
	FLR	B	-0.33%
	GMED	A	-0.33%
	JEF	A	-0.33%
	AYI	C	-0.32%
	FCN	C	-0.32%
	SNX	D	-0.32%
	WEX	D	-0.31%
	HLI	A	-0.31%
	SSD	F	-0.31%
	MSA	B	-0.3%
	PVH	F	-0.3%
	JAZZ	F	-0.3%
	LAD	D	-0.3%
	WCC	D	-0.3%
	OSK	D	-0.3%
	NOV	C	-0.3%
	BERY	D	-0.3%
	BRBR	C	-0.3%
	EXEL	C	-0.29%
	ARW	D	-0.29%
	MIDD	F	-0.29%
	AA	B	-0.29%
	EVR	A	-0.29%
	CR	B	-0.29%
	CRUS	A	-0.29%
	PEN	F	-0.28%
	CIEN	F	-0.28%
	GME	C	-0.28%
	OLLI	B	-0.28%
	SEIC	C	-0.28%
	H	C	-0.28%
	LFUS	C	-0.28%
	LEA	F	-0.28%
	MAT	F	-0.27%
	ACHC	F	-0.27%
	CHX	C	-0.27%
	RGEN	F	-0.27%
	WH	C	-0.27%
	AGCO	F	-0.27%
	FLS	D	-0.27%
	CMC	D	-0.27%
	MTG	B	-0.26%
	GXO	D	-0.26%
	BRKR	F	-0.26%
	ESNT	B	-0.26%
	VNT	D	-0.26%
	KD	B	-0.26%
	FAF	D	-0.25%
	VMI	C	-0.25%
	THO	D	-0.25%
	STWD	C	-0.25%
	ST	D	-0.25%
	OLN	F	-0.25%
	MUR	D	-0.25%
	NOVT	C	-0.25%
	LNTH	C	-0.25%
	ESAB	D	-0.24%
	LPX	D	-0.24%
	RMBS	D	-0.24%
	SRCL	A	-0.24%
	ETRN	D	-0.24%
	AIRC	A	-0.24%
	SON	F	-0.24%
	MMS	B	-0.23%
	POST	C	-0.23%
	CBT	D	-0.23%
	TKR	D	-0.23%
	G	D	-0.23%
	HXL	D	-0.23%
	MTSI	A	-0.23%
	R	B	-0.23%
	GPS	C	-0.23%
	DBX	D	-0.23%
	DAR	D	-0.23%
	CVLT	A	-0.22%
	BC	F	-0.22%
	MDU	C	-0.22%
	WTS	D	-0.22%
	QLYS	D	-0.22%
	AMG	D	-0.22%
	EXLS	B	-0.21%
	NFG	C	-0.21%
	EXPO	C	-0.21%
	ASH	D	-0.21%
	KRG	B	-0.21%
	FNB	C	-0.2%
	BCO	B	-0.2%
	GATX	B	-0.2%
	IDA	D	-0.2%
	AVT	D	-0.2%
	EEFT	D	-0.2%
	ONB	B	-0.2%
	PBF	D	-0.2%
	DLB	D	-0.2%
	SLM	C	-0.2%
	WLK	D	-0.2%
	JHG	A	-0.19%
	ENS	C	-0.19%
	WU	D	-0.19%
	VAL	B	-0.19%
	THG	C	-0.19%
	HAE	D	-0.18%
	ASGN	D	-0.18%
	PII	F	-0.18%
	UBSI	D	-0.18%
	POR	D	-0.18%
	HOMB	C	-0.18%
	FLO	D	-0.18%
	KNF	D	-0.17%
	YETI	F	-0.17%
	IRT	A	-0.17%
	HOG	F	-0.17%
	LOPE	C	-0.17%
	POWI	D	-0.17%
	AVNT	D	-0.17%
	NJR	D	-0.17%
	COLB	C	-0.16%
	TEX	D	-0.16%
	ALE	C	-0.16%
	CPRI	D	-0.16%
	SLGN	D	-0.16%
	BKH	C	-0.16%
	NEU	D	-0.16%
	COTY	F	-0.16%
	GBCI	D	-0.16%
	ZI	F	-0.16%
	BDC	C	-0.16%
	CNX	C	-0.16%
	HWC	B	-0.16%
	AZTA	D	-0.15%
	CUZ	C	-0.15%
	SLAB	D	-0.15%
	SYNA	D	-0.15%
	UMBF	B	-0.15%
	FFIN	C	-0.15%
	KMPR	C	-0.15%
	MAN	D	-0.15%
	AMKR	B	-0.15%
	KRC	D	-0.15%
	NYCB	D	-0.14%
	TDC	C	-0.14%
	LIVN	D	-0.14%
	DOCS	C	-0.14%
	GT	F	-0.14%
	PRGO	D	-0.14%
	OGS	C	-0.14%
	SBRA	A	-0.14%
	NSP	F	-0.14%
	PAG	D	-0.13%
	COLM	D	-0.13%
	NWE	D	-0.13%
	PK	D	-0.13%
	EPR	C	-0.13%
	CNO	B	-0.13%
	CNXC	C	-0.13%
	ASB	C	-0.13%
	PCH	F	-0.13%
	SR	C	-0.13%
	TNL	D	-0.13%
	PENN	C	-0.13%
	BLKB	D	-0.13%
	VAC	F	-0.12%
	BHF	D	-0.12%
	HGV	F	-0.12%
	UAA	F	-0.12%
	IBOC	C	-0.12%
	VC	D	-0.12%
	VLY	F	-0.12%
	SAM	C	-0.12%
	NVST	F	-0.12%
	WERN	D	-0.11%
	ZD	F	-0.11%
	HELE	F	-0.11%
	TGNA	D	-0.11%
	WEN	F	-0.11%
	VSH	D	-0.11%
	FHI	B	-0.11%
	TCBI	B	-0.11%
	PGNY	D	-0.1%
	ADNT	F	-0.1%
	CRI	F	-0.1%
	IPGP	D	-0.1%
	GHC	C	-0.1%
	JWN	B	-0.1%
	IART	C	-0.09%
	ALGM	C	-0.09%
	GO	F	-0.09%
	ENOV	F	-0.09%
	CAR	F	-0.09%
	LEG	F	-0.07%
	GEF	F	-0.07%
	PPC	A	-0.06%
	HTZ	F	-0.02%

FLDZ: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric Oil & Gas E&P Specialty Retail Oil & Gas Midstream REIT - Residential Building Materials Insurance - Property & Casualty REIT - Industrial Residential Construction Asset Management Health Care Plans REIT - Retail Software - Application Biotechnology Credit Services Business Services Utilities - Diversified Grocery Stores REIT - Diversified

Keywords: S&P 500 Natural Gas Bank Electricity Real Estate Investment Trust Banking Insurance Commercial Banking Nasdaq 100 Natural Gas Liquids Building Materials Crude Oil Deposit Products Financial Products Petroleum Industry Retailing Cash Management Services Construction Insurance Products Natural Gas Storage

QVMM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Diversified Industrials Business Services Packaging & Containers Semiconductors Software - Application Asset Management Building Materials Engineering & Construction Specialty Chemicals Packaged Foods Specialty Retail Apparel Manufacturing Auto Parts Biotechnology Insurance - Property & Casualty Medical Care REIT - Diversified REIT - Industrial

Keywords: Bank Banking Mining Natural Gas Chemical Insurance Real Estate Investment Trust Electronics Aerospace Beverage Construction Deposit Products Computing Semiconductor Supply Chain Management Telecommunications Commercial Banking Insurance Products Transport Building Materials