PAPI vs. VSMV ETF Comparison

Comparison of Parametric Equity Premium Income ETF (PAPI) to VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV)

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$27.85

Average Daily Volume

32,973

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

VSMV

VictoryShares US Multi-Factor Minimum Volatility ETF

VSMV Description

The investment seeks to provide investment results that track the performance of the Nasdaq Victory US Multi-Factor Minimum Volatility Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities included in the Nasdaq Victory US Multi-Factor Minimum Volatility Index (the index). The index utilizes a rules-based approach designed to generate investment returns with less volatility than the broader U.S. market.

Grade (RS Rating)

Last Trade

$49.81

Average Daily Volume

12,060

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PAPI	VSMV
30 Days	2.11%	2.22%
60 Days	3.48%	3.80%
90 Days	4.02%	3.94%
12 Months	18.27%	22.56%

36 Overlapping Holdings

Symbol	Grade	Weight in PAPI	Weight in VSMV	Overlap
ABBV	F	0.46%	2.15%	0.46%
ACN	B	0.5%	0.25%	0.25%
ADP	A	0.54%	2.91%	0.54%
AFL	B	0.5%	2.87%	0.5%
AM	A	0.53%	0.24%	0.24%
ATR	B	0.52%	0.54%	0.52%
BBY	D	0.49%	0.21%	0.21%
CAH	B	0.56%	2.74%	0.56%
CHRD	D	0.52%	0.24%	0.24%
CI	D	0.47%	2.51%	0.47%
CINF	A	0.58%	1.33%	0.58%
CMCSA	B	0.54%	0.38%	0.38%
COR	B	0.54%	3.24%	0.54%
COST	A	0.54%	2.58%	0.54%
CTSH	B	0.53%	2.59%	0.53%
EOG	A	0.56%	1.95%	0.56%
GD	D	0.5%	0.48%	0.48%
GILD	C	0.53%	0.27%	0.27%
HPE	B	0.53%	2.26%	0.53%
JNJ	C	0.5%	3.43%	0.5%
KMB	C	0.49%	0.26%	0.26%
KMI	A	0.58%	1.73%	0.58%
KO	D	0.45%	0.21%	0.21%
LEA	F	0.48%	0.22%	0.22%
MRK	D	0.46%	2.46%	0.46%
MSFT	D	0.53%	8.89%	0.53%
NYT	D	0.5%	0.69%	0.5%
PAYX	B	0.53%	0.83%	0.53%
PG	C	0.52%	2.92%	0.52%
PKG	A	0.56%	0.39%	0.39%
SNA	A	0.63%	0.3%	0.3%
TJX	A	0.54%	0.28%	0.28%
WMB	A	0.58%	1.24%	0.58%
WMT	A	0.54%	3.81%	0.54%
WSO	A	0.56%	0.27%	0.27%
XOM	B	0.52%	3.55%	0.52%

PAPI Overweight 153 Positions Relative to VSMV

Symbol	Grade	Weight
GRMN	B	0.65%
IP	A	0.63%
DTM	A	0.62%
BKR	A	0.62%
EMR	B	0.61%
OKE	A	0.61%
UNM	A	0.61%
IDCC	B	0.61%
PINC	B	0.6%
FOX	A	0.59%
CFR	B	0.59%
TAP	C	0.59%
EA	A	0.59%
PB	B	0.59%
MO	A	0.59%
IDA	A	0.59%
JHG	B	0.58%
JCI	B	0.58%
WHR	B	0.57%
RHI	C	0.57%
TRV	B	0.57%
SRE	A	0.57%
CTRA	B	0.57%
RF	A	0.57%
DGX	A	0.57%
SYK	B	0.57%
LH	B	0.57%
TXRH	B	0.57%
FOXA	A	0.57%
XEL	A	0.57%
CVX	A	0.57%
CMI	A	0.57%
FAST	B	0.56%
RS	B	0.56%
PM	B	0.56%
TROW	B	0.56%
COP	C	0.56%
VLO	C	0.55%
PPL	A	0.55%
DCI	B	0.55%
INGR	C	0.55%
UNH	B	0.55%
GGG	B	0.55%
EVRG	A	0.55%
OGE	A	0.55%
T	A	0.55%
GNTX	C	0.54%
MOS	F	0.54%
PAG	B	0.54%
OGS	A	0.54%
ORI	A	0.54%
CSCO	B	0.54%
CHD	A	0.54%
AFG	A	0.54%
DRI	B	0.54%
MTN	C	0.54%
AEE	A	0.54%
LHX	C	0.53%
TXN	C	0.53%
PRU	A	0.53%
ATO	A	0.53%
MSM	C	0.53%
COLM	C	0.53%
GLW	B	0.53%
HP	C	0.52%
LNT	A	0.52%
BMI	B	0.52%
ROP	B	0.52%
ABT	B	0.52%
NFG	A	0.52%
PEG	A	0.52%
UPS	C	0.52%
HPQ	B	0.52%
EXPD	C	0.52%
PSX	C	0.52%
WEC	A	0.52%
CME	B	0.52%
POR	C	0.51%
AVT	C	0.51%
DD	C	0.51%
CALM	A	0.51%
DLB	B	0.51%
DINO	D	0.51%
HIG	B	0.51%
FNF	B	0.51%
APD	A	0.51%
LKQ	F	0.51%
OXM	F	0.51%
MDT	D	0.51%
CTVA	C	0.5%
BDX	F	0.5%
DUK	C	0.5%
RTX	D	0.5%
POWI	F	0.5%
DVN	F	0.5%
FE	C	0.5%
VZ	C	0.5%
CCOI	B	0.5%
SNX	D	0.5%
PFG	D	0.5%
AEP	C	0.5%
RGLD	C	0.5%
BG	D	0.5%
D	C	0.5%
MTG	C	0.5%
SO	C	0.5%
DOX	D	0.49%
OMC	C	0.49%
CHE	D	0.49%
PPG	F	0.49%
SON	F	0.49%
FLO	D	0.49%
LIN	C	0.49%
JKHY	D	0.49%
EMN	C	0.49%
QCOM	F	0.49%
HRL	D	0.49%
CAG	F	0.48%
LYB	F	0.48%
AOS	F	0.48%
WEN	D	0.48%
ADI	D	0.48%
ED	C	0.48%
PEP	F	0.48%
RPRX	D	0.48%
WU	F	0.48%
SHOO	F	0.47%
AMCR	C	0.47%
LEN	D	0.47%
ADM	D	0.47%
KDP	F	0.46%
ASH	F	0.46%
FMC	D	0.46%
HAS	D	0.46%
KHC	F	0.46%
IBM	C	0.46%
IPG	D	0.45%
SWKS	F	0.45%
GPC	D	0.45%
DHR	F	0.45%
ESNT	F	0.45%
HUN	F	0.44%
MAN	F	0.44%
DOW	F	0.44%
PFE	F	0.44%
INSW	F	0.44%
PII	F	0.43%
ELV	F	0.43%
CVI	F	0.42%
CRI	F	0.41%
HII	F	0.39%
NEM	D	0.38%
SCCO	F	0.0%

PAPI Underweight 32 Positions Relative to VSMV

Symbol	Grade	Weight
AAPL	C	-9.39%
RSG	A	-3.09%
LMT	D	-3.01%
WM	B	-3.0%
MCK	A	-2.64%
ALL	A	-2.55%
LDOS	C	-2.38%
NTAP	C	-2.02%
GOOGL	C	-1.88%
FFIV	B	-1.06%
MUSA	B	-0.86%
CCK	D	-0.84%
DVA	C	-0.48%
ANF	F	-0.4%
SPG	A	-0.39%
CSX	C	-0.32%
ALSN	B	-0.3%
CPAY	A	-0.29%
MSI	B	-0.27%
PYPL	B	-0.27%
STLD	B	-0.27%
BMY	B	-0.27%
NUE	C	-0.25%
THC	D	-0.24%
BERY	C	-0.24%
CAT	B	-0.24%
LSTR	D	-0.24%
MMM	D	-0.23%
PHM	D	-0.22%
HCA	F	-0.21%
CL	D	-0.21%
GIS	D	-0.21%