IVOV vs. QVMM ETF Comparison

Comparison of Vanguard S&P Mid-Cap 400 Value ETF (IVOV) to Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM)

IVOV

Vanguard S&P Mid-Cap 400 Value ETF

IVOV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400® Value Index, which represents the value companies of the S&P MidCap 400 Index. The index measures the performance of mid-capitalization value stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$103.46

Average Daily Volume

15,333

Number of Holdings ^*

284

* 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

$30.95

Average Daily Volume

1,061

Number of Holdings ^*

352

* may have additional holdings in another (foreign) market

Performance

Period	IVOV	QVMM
30 Days	7.33%	7.21%
60 Days	8.59%	7.30%
90 Days	9.69%	8.34%
12 Months	31.86%	33.49%

258 Overlapping Holdings

	Symbol	Grade	Weight in IVOV	Weight in QVMM	Overlap
	AA	B	0.73%	0.38%	0.38%
	ACM	A	0.54%	0.54%	0.54%
	ADC	B	0.53%	0.26%	0.26%
	AFG	A	0.66%	0.33%	0.33%
	AGCO	D	0.44%	0.2%	0.2%
	ALE	A	0.26%	0.13%	0.13%
	ALLY	C	0.68%	0.46%	0.46%
	ALV	C	0.19%	0.27%	0.19%
	AM	A	0.14%	0.19%	0.14%
	AMG	B	0.41%	0.22%	0.22%
	AMH	D	0.31%	0.42%	0.31%
	AMKR	D	0.2%	0.1%	0.1%
	AN	C	0.29%	0.16%	0.16%
	AR	B	0.53%	0.32%	0.32%
	ARMK	B	0.7%	0.34%	0.34%
	ARW	D	0.44%	0.23%	0.23%
	ASB	B	0.25%	0.15%	0.15%
	ASGN	F	0.29%	0.16%	0.16%
	ASH	D	0.29%	0.15%	0.15%
	ATR	B	0.32%	0.42%	0.32%
	AVNT	B	0.3%	0.18%	0.18%
	AVT	C	0.34%	0.18%	0.18%
	AVTR	F	0.62%	0.49%	0.49%
	AYI	B	0.32%	0.36%	0.32%
	AZTA	D	0.05%	0.09%	0.05%
	BC	C	0.15%	0.2%	0.15%
	BDC	B	0.33%	0.19%	0.19%
	BERY	B	0.57%	0.28%	0.28%
	BHF	B	0.2%	0.12%	0.12%
	BJ	A	0.79%	0.42%	0.42%
	BKH	A	0.29%	0.15%	0.15%
	BMRN	D	0.39%	0.47%	0.39%
	BRBR	A	0.28%	0.32%	0.28%
	BRKR	D	0.18%	0.2%	0.18%
	BRX	A	0.32%	0.3%	0.3%
	BURL	A	0.44%	0.61%	0.44%
	CACI	D	0.55%	0.4%	0.4%
	CADE	B	0.43%	0.26%	0.26%
	CBSH	A	0.3%	0.31%	0.3%
	CBT	C	0.14%	0.22%	0.14%
	CCK	C	0.42%	0.38%	0.38%
	CDP	C	0.16%	0.12%	0.12%
	CFR	B	0.33%	0.33%	0.33%
	CGNX	C	0.27%	0.26%	0.26%
	CHE	D	0.23%	0.31%	0.23%
	CHX	C	0.12%	0.23%	0.12%
	CIEN	B	0.38%	0.38%	0.38%
	CLF	F	0.43%	0.22%	0.22%
	CMC	B	0.44%	0.27%	0.27%
	CNM	D	0.26%	0.31%	0.26%
	CNO	A	0.26%	0.16%	0.16%
	CNXC	F	0.14%	0.07%	0.07%
	COHR	B	1.0%	0.49%	0.49%
	COLB	A	0.42%	0.24%	0.24%
	COLM	B	0.1%	0.1%	0.1%
	CPRI	F	0.09%	0.07%	0.07%
	CRI	D	0.14%	0.07%	0.07%
	CRUS	D	0.18%	0.2%	0.18%
	CUBE	D	0.34%	0.37%	0.34%
	CUZ	B	0.33%	0.16%	0.16%
	CVLT	B	0.19%	0.28%	0.19%
	CW	B	0.33%	0.51%	0.33%
	CXT	B	0.19%	0.1%	0.1%
	DAR	C	0.44%	0.28%	0.28%
	DCI	B	0.27%	0.34%	0.27%
	DINO	D	0.44%	0.25%	0.25%
	DKS	C	0.38%	0.47%	0.38%
	DLB	B	0.13%	0.16%	0.13%
	DOCS	C	0.18%	0.23%	0.18%
	DTM	B	0.23%	0.36%	0.23%
	EEFT	B	0.13%	0.17%	0.13%
	EGP	F	0.22%	0.29%	0.22%
	EHC	B	0.39%	0.36%	0.36%
	ENOV	C	0.16%	0.09%	0.09%
	ENS	D	0.16%	0.15%	0.15%
	EPR	D	0.09%	0.12%	0.09%
	EQH	B	0.48%	0.56%	0.48%
	ESNT	D	0.45%	0.22%	0.22%
	EVR	B	0.21%	0.39%	0.21%
	EWBC	A	0.44%	0.55%	0.44%
	EXLS	B	0.2%	0.26%	0.2%
	EXPO	D	0.17%	0.18%	0.17%
	FAF	A	0.46%	0.23%	0.23%
	FBIN	D	0.44%	0.33%	0.33%
	FFIN	B	0.2%	0.19%	0.19%
	FHI	A	0.22%	0.12%	0.12%
	FHN	A	0.65%	0.42%	0.42%
	FLO	D	0.31%	0.15%	0.15%
	FLR	B	0.63%	0.34%	0.34%
	FLS	B	0.27%	0.3%	0.27%
	FNB	A	0.37%	0.23%	0.23%
	FNF	B	1.1%	0.57%	0.57%
	FR	C	0.25%	0.25%	0.25%
	FYBR	D	0.56%	0.22%	0.22%
	G	B	0.44%	0.27%	0.27%
	GAP	C	0.32%	0.19%	0.19%
	GATX	A	0.22%	0.2%	0.2%
	GBCI	B	0.42%	0.25%	0.25%
	GEF	A	0.11%	0.06%	0.06%
	GHC	C	0.2%	0.12%	0.12%
	GLPI	C	0.55%	0.47%	0.47%
	GME	C	0.61%	0.29%	0.29%
	GMED	A	0.59%	0.34%	0.34%
	GNTX	C	0.18%	0.26%	0.18%
	GPK	C	0.6%	0.32%	0.32%
	GT	C	0.16%	0.11%	0.11%
	GXO	B	0.19%	0.26%	0.19%
	HAE	C	0.1%	0.17%	0.1%
	HGV	B	0.06%	0.11%	0.06%
	HOG	D	0.27%	0.15%	0.15%
	HOMB	A	0.36%	0.21%	0.21%
	HQY	B	0.26%	0.31%	0.26%
	HWC	B	0.15%	0.2%	0.15%
	HXL	D	0.17%	0.18%	0.17%
	IBKR	A	0.48%	0.71%	0.48%
	IBOC	A	0.13%	0.14%	0.13%
	IDA	A	0.24%	0.2%	0.2%
	INGR	B	0.39%	0.34%	0.34%
	IPGP	D	0.09%	0.08%	0.08%
	IRT	A	0.31%	0.17%	0.17%
	JAZZ	B	0.28%	0.3%	0.28%
	JEF	A	0.73%	0.47%	0.47%
	JHG	A	0.37%	0.22%	0.22%
	JLL	D	0.91%	0.44%	0.44%
	JWN	C	0.15%	0.08%	0.08%
	KBH	D	0.2%	0.21%	0.2%
	KBR	F	0.34%	0.32%	0.32%
	KD	B	0.37%	0.24%	0.24%
	KEX	C	0.27%	0.28%	0.27%
	KMPR	B	0.27%	0.16%	0.16%
	KNF	A	0.11%	0.19%	0.11%
	KNX	B	0.59%	0.33%	0.33%
	KRC	C	0.3%	0.15%	0.15%
	KRG	B	0.4%	0.21%	0.21%
	LAD	A	0.42%	0.41%	0.41%
	LAMR	D	0.34%	0.4%	0.34%
	LANC	C	0.12%	0.13%	0.12%
	LEA	D	0.38%	0.22%	0.22%
	LFUS	F	0.13%	0.24%	0.13%
	LIVN	F	0.12%	0.11%	0.11%
	LPX	B	0.15%	0.26%	0.15%
	LSTR	D	0.14%	0.24%	0.14%
	M	D	0.3%	0.16%	0.16%
	MAN	D	0.21%	0.11%	0.11%
	MASI	A	0.17%	0.26%	0.17%
	MAT	D	0.27%	0.24%	0.24%
	MIDD	C	0.25%	0.28%	0.25%
	MMS	F	0.1%	0.19%	0.1%
	MSM	C	0.12%	0.15%	0.12%
	MTG	C	0.28%	0.24%	0.24%
	MTSI	B	0.17%	0.26%	0.17%
	MTZ	B	0.53%	0.31%	0.31%
	MUR	D	0.18%	0.19%	0.18%
	NEOG	F	0.2%	0.11%	0.11%
	NFG	A	0.39%	0.19%	0.19%
	NJR	A	0.32%	0.16%	0.16%
	NNN	D	0.35%	0.26%	0.26%
	NOV	C	0.43%	0.25%	0.25%
	NOVT	D	0.18%	0.23%	0.18%
	NSA	D	0.11%	0.1%	0.1%
	NSP	D	0.1%	0.1%	0.1%
	NVST	B	0.25%	0.13%	0.13%
	NWE	B	0.23%	0.12%	0.12%
	NXST	C	0.38%	0.19%	0.19%
	OGE	B	0.57%	0.29%	0.29%
	OGS	A	0.28%	0.14%	0.14%
	OHI	C	0.46%	0.34%	0.34%
	OLN	D	0.2%	0.19%	0.19%
	ONB	B	0.43%	0.26%	0.26%
	OPCH	D	0.12%	0.13%	0.12%
	ORA	B	0.3%	0.15%	0.15%
	ORI	A	0.59%	0.35%	0.35%
	OSK	B	0.47%	0.28%	0.28%
	OZK	B	0.16%	0.19%	0.16%
	PAG	B	0.2%	0.13%	0.13%
	PB	A	0.49%	0.28%	0.28%
	PBF	D	0.2%	0.13%	0.13%
	PCH	D	0.21%	0.12%	0.12%
	PFGC	B	0.89%	0.49%	0.49%
	PII	D	0.26%	0.14%	0.14%
	PNFP	B	0.34%	0.37%	0.34%
	PNM	F	0.28%	0.15%	0.15%
	POR	C	0.34%	0.17%	0.17%
	POST	C	0.36%	0.19%	0.19%
	PPC	C	0.14%	0.08%	0.08%
	PRGO	B	0.25%	0.14%	0.14%
	PVH	C	0.39%	0.22%	0.22%
	R	B	0.45%	0.28%	0.28%
	RCM	F	0.16%	0.1%	0.1%
	REXR	F	0.4%	0.32%	0.32%
	RGA	A	0.98%	0.56%	0.56%
	RGLD	C	0.32%	0.33%	0.32%
	RLI	B	0.16%	0.25%	0.16%
	RNR	C	0.43%	0.48%	0.43%
	ROIV	C	0.13%	0.14%	0.13%
	RPM	A	0.53%	0.61%	0.53%
	RRX	B	0.78%	0.46%	0.46%
	RYN	D	0.18%	0.14%	0.14%
	SAIC	F	0.34%	0.22%	0.22%
	SAM	C	0.1%	0.1%	0.1%
	SBRA	C	0.32%	0.14%	0.14%
	SCI	B	0.41%	0.43%	0.41%
	SEIC	B	0.26%	0.29%	0.26%
	SF	B	0.75%	0.44%	0.44%
	SFM	A	0.53%	0.52%	0.52%
	SIGI	C	0.18%	0.22%	0.18%
	SLGN	A	0.3%	0.16%	0.16%
	SLM	A	0.2%	0.2%	0.2%
	SNV	B	0.51%	0.31%	0.31%
	SNX	C	0.62%	0.35%	0.35%
	SON	D	0.36%	0.18%	0.18%
	SR	A	0.26%	0.14%	0.14%
	SSB	B	0.52%	0.3%	0.3%
	ST	F	0.37%	0.19%	0.19%
	STAG	F	0.24%	0.24%	0.24%
	STWD	C	0.44%	0.22%	0.22%
	SWX	B	0.31%	0.17%	0.17%
	SYNA	C	0.11%	0.12%	0.11%
	TCBI	B	0.25%	0.14%	0.14%
	TEX	D	0.11%	0.14%	0.11%
	THC	D	1.05%	0.59%	0.59%
	THG	A	0.38%	0.21%	0.21%
	THO	B	0.39%	0.23%	0.23%
	TKR	D	0.23%	0.18%	0.18%
	TMHC	B	0.5%	0.27%	0.27%
	TNL	A	0.07%	0.14%	0.07%
	TPL	A	0.51%	0.99%	0.51%
	TTC	D	0.31%	0.34%	0.31%
	UAA	C	0.11%	0.15%	0.11%
	UBSI	B	0.36%	0.21%	0.21%
	UGI	A	0.36%	0.18%	0.18%
	UMBF	B	0.34%	0.19%	0.19%
	UNM	A	0.77%	0.47%	0.47%
	USFD	A	1.06%	0.54%	0.54%
	UTHR	C	0.64%	0.64%	0.64%
	VAC	B	0.18%	0.12%	0.12%
	VC	D	0.1%	0.1%	0.1%
	VLY	B	0.29%	0.16%	0.16%
	VMI	B	0.44%	0.26%	0.26%
	VNO	B	0.48%	0.23%	0.23%
	VOYA	B	0.33%	0.27%	0.27%
	VSH	D	0.14%	0.08%	0.08%
	WBS	A	0.63%	0.39%	0.39%
	WCC	B	0.6%	0.34%	0.34%
	WEN	D	0.11%	0.11%	0.11%
	WH	B	0.17%	0.28%	0.17%
	WHR	B	0.4%	0.23%	0.23%
	WMG	C	0.07%	0.17%	0.07%
	WPC	D	0.86%	0.41%	0.41%
	WTFC	A	0.54%	0.32%	0.32%
	WTRG	B	0.36%	0.34%	0.34%
	WU	D	0.26%	0.13%	0.13%
	X	C	0.61%	0.32%	0.32%
	XPO	B	0.57%	0.68%	0.57%
	XRAY	F	0.33%	0.13%	0.13%
	YETI	C	0.08%	0.12%	0.08%
	ZI	D	0.15%	0.11%	0.11%
	ZION	B	0.54%	0.34%	0.34%

IVOV Overweight 26 Positions Relative to QVMM

	Symbol	Grade	Weight
	ILMN	D	1.62%
	DOCU	A	1.0%
	CNH	C	0.69%
	AAL	B	0.62%
	BIO	D	0.48%
	SRCL	C	0.4%
	CG	A	0.39%
	ELS	C	0.33%
	LITE	B	0.31%
	TKO	B	0.31%
	WAL	B	0.31%
	MKSI	C	0.24%
	CYTK	F	0.23%
	CC	C	0.19%
	RH	B	0.18%
	SRPT	D	0.17%
	SMG	D	0.16%
	ALGM	D	0.15%
	MTN	C	0.15%
	AMED	F	0.13%
	POWI	D	0.12%
	IRDM	D	0.12%
	CHH	A	0.11%
	PSN	D	0.1%
	BLKB	B	0.08%
	UA	C	0.07%

IVOV Underweight 94 Positions Relative to QVMM

	Symbol	Grade	Weight
	EME	C	-0.84%
	CSL	C	-0.8%
	LII	A	-0.73%
	RS	B	-0.66%
	OC	A	-0.63%
	RBA	A	-0.61%
	WSO	A	-0.61%
	MANH	D	-0.6%
	TOL	B	-0.59%
	FIX	A	-0.59%
	WSM	B	-0.59%
	PSTG	D	-0.58%
	GGG	B	-0.54%
	CASY	A	-0.52%
	TXRH	C	-0.49%
	ITT	A	-0.47%
	CLH	B	-0.46%
	NBIX	C	-0.46%
	LECO	B	-0.46%
	NVT	B	-0.46%
	SAIA	B	-0.45%
	OVV	B	-0.44%
	BLD	D	-0.44%
	BWXT	B	-0.44%
	FND	C	-0.41%
	KNSL	B	-0.4%
	DUOL	A	-0.4%
	TTEK	F	-0.39%
	EXP	A	-0.38%
	PRI	A	-0.38%
	AIT	A	-0.38%
	WWD	B	-0.37%
	TPX	B	-0.36%
	EXEL	B	-0.35%
	HLI	B	-0.35%
	MUSA	A	-0.35%
	WING	D	-0.34%
	WMS	D	-0.34%
	NYT	C	-0.33%
	CHDN	B	-0.33%
	AAON	B	-0.33%
	AXTA	A	-0.33%
	RBC	A	-0.33%
	CHRD	D	-0.32%
	PCTY	B	-0.32%
	CR	A	-0.32%
	MORN	B	-0.32%
	UFPI	B	-0.31%
	ONTO	D	-0.31%
	SKX	D	-0.3%
	PR	B	-0.3%
	SSD	D	-0.29%
	HRB	D	-0.29%
	ANF	C	-0.29%
	RRC	B	-0.29%
	MEDP	D	-0.29%
	LNW	D	-0.29%
	TREX	C	-0.27%
	RGEN	D	-0.27%
	ESAB	B	-0.27%
	MTDR	B	-0.27%
	LSCC	D	-0.26%
	HALO	F	-0.26%
	H	B	-0.26%
	RYAN	B	-0.26%
	WEX	D	-0.26%
	WFRD	D	-0.25%
	FCN	D	-0.25%
	VNT	B	-0.24%
	MSA	D	-0.24%
	CROX	D	-0.24%
	OLED	D	-0.24%
	RMBS	C	-0.22%
	ALTR	B	-0.22%
	VVV	F	-0.21%
	WTS	B	-0.21%
	CNX	A	-0.21%
	COKE	C	-0.21%
	QLYS	C	-0.2%
	LNTH	D	-0.2%
	CIVI	D	-0.19%
	BYD	C	-0.18%
	LOPE	B	-0.18%
	APPF	B	-0.18%
	OLLI	D	-0.18%
	CELH	F	-0.16%
	WLK	D	-0.15%
	BCO	D	-0.15%
	NEU	C	-0.14%
	ACHC	F	-0.14%
	SLAB	D	-0.13%
	PK	B	-0.12%
	VAL	D	-0.12%
	COTY	F	-0.1%

IVOV: Top Represented Industries & Keywords

Industries: Banks - Regional - US Packaging & Containers Asset Management Diversified Industrials Apparel Manufacturing Biotechnology Business Services Packaged Foods REIT - Diversified REIT - Industrial Semiconductors Specialty Chemicals Medical Care REIT - Retail Scientific & Technical Instruments Software - Application Utilities - Regulated Electric Utilities - Regulated Gas Auto Parts Diagnostics & Research

Keywords: Bank Banking Real Estate Investment Trust Insurance Mining Chemical Natural Gas Deposit Products Commercial Banking Semiconductor Aerospace Beverage Telecommunications Insurance Products Real Estate Loans Supply Chain Management Trust Services Electricity Electronics Medicine

QVMM: Top Represented Industries & Keywords

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

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