QUAL vs. SPGP ETF Comparison

Comparison of iShares MSCI USA Quality Factor ETF (QUAL) to Invesco S&P 500 GARP ETF (SPGP)

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.60

Average Daily Volume

890,900

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

SPGP

Invesco S&P 500 GARP ETF

SPGP Description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500 GARP Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which is designed to track the performance of approximately 75 growth stocks in the S&P 500 that exhibit quality characteristics and have attractive valuation.

Grade (RS Rating)

Last Trade

$111.11

Average Daily Volume

232,606

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QUAL	SPGP
30 Days	0.39%	4.80%
60 Days	2.37%	6.68%
90 Days	2.96%	6.46%
12 Months	30.38%	20.45%

26 Overlapping Holdings

Symbol	Grade	Weight in QUAL	Weight in SPGP	Overlap
AAPL	C	5.44%	0.87%	0.87%
ACGL	C	0.26%	1.16%	0.26%
AMAT	F	1.17%	0.75%	0.75%
AMP	A	0.33%	1.12%	0.33%
ANET	C	0.73%	2.03%	0.73%
APA	D	0.19%	1.11%	0.19%
CAT	B	1.4%	1.33%	1.33%
COP	C	1.73%	1.94%	1.73%
DECK	A	0.49%	1.1%	0.49%
DHI	F	0.7%	1.26%	0.7%
GOOG	C	1.55%	1.03%	1.03%
GWW	B	0.59%	1.13%	0.59%
KLAC	F	0.77%	1.03%	0.77%
LRCX	F	0.73%	0.8%	0.73%
LULU	C	0.66%	1.52%	0.66%
MA	B	4.22%	1.16%	1.16%
META	D	4.09%	1.04%	1.04%
MOH	F	0.09%	1.03%	0.09%
NVDA	B	6.93%	2.53%	2.53%
ODFL	C	0.34%	1.09%	0.34%
PAYC	B	0.08%	1.93%	0.08%
PHM	D	0.43%	1.18%	0.43%
TJX	A	2.03%	1.97%	1.97%
ULTA	F	0.31%	1.64%	0.31%
V	A	4.5%	0.92%	0.92%
VRTX	D	0.62%	0.81%	0.62%

QUAL Overweight 97 Positions Relative to SPGP

Symbol	Grade	Weight
MSFT	D	4.5%
LLY	F	3.42%
UNH	B	2.81%
COST	A	2.55%
JNJ	C	2.15%
GOOGL	C	1.77%
ADBE	C	1.76%
NFLX	A	1.76%
ADP	A	1.75%
CSCO	B	1.74%
ACN	B	1.67%
KO	D	1.43%
NKE	F	1.41%
TXN	C	1.34%
CMG	B	1.26%
QCOM	F	1.15%
LIN	C	1.14%
PEP	F	1.1%
LMT	D	1.08%
BLK	B	0.99%
SRE	A	0.93%
SLB	C	0.89%
MMC	B	0.74%
ITW	B	0.73%
PLD	F	0.71%
PEG	A	0.69%
CTAS	B	0.6%
CDNS	B	0.58%
TPL	A	0.58%
SHW	B	0.57%
PSA	C	0.55%
MCO	B	0.53%
CME	B	0.52%
NVR	D	0.52%
SNPS	B	0.51%
ZTS	D	0.51%
ED	C	0.5%
APH	A	0.5%
MMM	D	0.5%
PAYX	B	0.49%
GRMN	B	0.48%
TSCO	D	0.43%
AFL	B	0.42%
FAST	B	0.42%
ATO	A	0.4%
APD	A	0.35%
CBRE	B	0.35%
IDXX	F	0.3%
WSM	C	0.29%
BBY	D	0.29%
FERG	B	0.28%
CSGP	D	0.26%
AVB	B	0.24%
EW	C	0.24%
ROK	C	0.22%
POOL	C	0.22%
EQT	B	0.22%
VLTO	C	0.21%
MNST	C	0.21%
NTAP	C	0.21%
MANH	D	0.2%
EA	A	0.2%
A	D	0.2%
TROW	B	0.19%
MPWR	F	0.18%
EQR	C	0.18%
EME	A	0.17%
RMD	C	0.17%
LPLA	A	0.17%
VEEV	C	0.16%
PPG	F	0.15%
HSY	F	0.15%
KEYS	A	0.15%
CBOE	C	0.14%
WAT	C	0.13%
ROL	B	0.12%
WSO	A	0.12%
WST	C	0.12%
FDS	B	0.12%
EXPD	C	0.12%
GGG	B	0.11%
OMC	C	0.1%
PKG	A	0.1%
ERIE	D	0.09%
RS	B	0.09%
JKHY	D	0.09%
AVY	F	0.08%
UTHR	C	0.08%
SEIC	B	0.07%
MKTX	D	0.07%
ENPH	F	0.06%
SMCI	F	0.06%
AOS	F	0.06%
AFG	A	0.06%
SOLV	D	0.05%
IPG	D	0.05%
WBA	F	0.03%

QUAL Underweight 48 Positions Relative to SPGP

Symbol	Grade	Weight
UAL	A	-3.16%
DAL	B	-2.35%
EOG	A	-2.32%
STLD	B	-2.05%
VLO	C	-1.97%
MPC	D	-1.83%
MRO	B	-1.83%
DFS	B	-1.82%
ROST	D	-1.69%
OKE	A	-1.67%
SYF	B	-1.63%
CVX	A	-1.62%
JBL	C	-1.59%
PANW	B	-1.57%
NUE	C	-1.56%
BLDR	D	-1.52%
FANG	C	-1.51%
CF	A	-1.48%
XOM	B	-1.45%
PSX	C	-1.44%
TPR	B	-1.38%
COF	C	-1.36%
CTRA	B	-1.35%
DE	B	-1.34%
PCAR	B	-1.33%
NXPI	D	-1.32%
IT	C	-1.31%
GPC	D	-1.28%
SYY	D	-1.24%
L	A	-1.13%
BRK.A	B	-1.1%
ON	D	-1.09%
INCY	C	-1.09%
WRB	A	-1.04%
CPRT	B	-1.0%
EG	C	-0.99%
MOS	F	-0.98%
LEN	D	-0.98%
DVN	F	-0.96%
CB	C	-0.95%
HPE	B	-0.83%
MLM	C	-0.83%
HAL	C	-0.82%
OXY	D	-0.79%
LW	C	-0.76%
ADM	D	-0.7%
MCHP	F	-0.65%
CE	F	-0.57%