QVML vs. IWL ETF Comparison

Comparison of Invesco S&P 500 QVM Multi-factor ETF (QVML) to iShares Russell Top 200 ETF (IWL)

QVML

Invesco S&P 500 QVM Multi-factor ETF

QVML Description

The investment seeks to track the investment results of the S&P 500 Â® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). The fund generally 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 500 Â® 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

$33.80

Average Daily Volume

1,285

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

IWL

iShares Russell Top 200 ETF

IWL Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Top 200Â® Index (the "underlying index"), which is a float-adjusted, capitalization-weighted index that measures the performance of the largest capitalization sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$139.82

Average Daily Volume

60,400

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	QVML	IWL
30 Days	2.23%	2.63%
60 Days	4.86%	5.29%
90 Days	4.67%	4.72%
12 Months	35.99%	36.55%

165 Overlapping Holdings

Symbol	Grade	Weight in QVML	Weight in IWL	Overlap
AAPL	C	6.75%	8.14%	6.75%
ABBV	B	0.77%	0.84%	0.77%
ABNB	D	0.12%	0.14%	0.12%
ABT	C	0.46%	0.48%	0.46%
ACN	C	0.49%	0.52%	0.49%
ADBE	F	0.52%	0.57%	0.52%
ADI	C	0.25%	0.28%	0.25%
ADP	C	0.26%	0.28%	0.26%
ADSK	B	0.12%	0.14%	0.12%
AEP	C	0.13%	0.13%	0.13%
AIG	D	0.13%	0.12%	0.12%
AMAT	D	0.33%	0.39%	0.33%
AMD	C	0.58%	0.62%	0.58%
AMZN	C	3.76%	4.37%	3.76%
ANET	C	0.21%	0.24%	0.21%
APH	C	0.17%	0.19%	0.17%
AVGO	C	1.47%	1.91%	1.47%
AXP	B	0.37%	0.37%	0.37%
BAC	D	0.65%	0.67%	0.65%
BDX	D	0.16%	0.17%	0.16%
BKNG	B	0.32%	0.34%	0.32%
BLK	B	0.3%	0.34%	0.3%
BRK.A	C	1.96%	2.05%	1.96%
BSX	B	0.27%	0.3%	0.27%
BX	C	0.25%	0.27%	0.25%
C	C	0.28%	0.29%	0.28%
CARR	B	0.15%	0.16%	0.15%
CAT	B	0.43%	0.44%	0.43%
CB	B	0.28%	0.29%	0.28%
CDNS	D	0.16%	0.18%	0.16%
CEG	C	0.15%	0.2%	0.15%
CI	C	0.25%	0.24%	0.24%
CL	C	0.2%	0.21%	0.2%
CMCSA	C	0.39%	0.38%	0.38%
CME	B	0.19%	0.19%	0.19%
CMG	D	0.18%	0.19%	0.18%
COF	B	0.13%	0.14%	0.13%
COP	F	0.31%	0.32%	0.31%
COST	C	0.88%	0.99%	0.88%
CPRT	D	0.1%	0.11%	0.1%
CRM	C	0.57%	0.61%	0.57%
CSCO	B	0.49%	0.52%	0.49%
CSX	C	0.16%	0.17%	0.16%
CTAS	C	0.16%	0.17%	0.16%
CVS	D	0.17%	0.18%	0.17%
CVX	F	0.61%	0.62%	0.61%
D	C	0.12%	0.12%	0.12%
DE	A	0.25%	0.25%	0.25%
DHR	B	0.4%	0.43%	0.4%
DIS	D	0.41%	0.42%	0.41%
DUK	B	0.21%	0.22%	0.21%
ECL	B	0.14%	0.15%	0.14%
ELV	D	0.3%	0.31%	0.3%
EMR	D	0.14%	0.15%	0.14%
EOG	D	0.17%	0.18%	0.17%
ETN	C	0.3%	0.32%	0.3%
EW	F	0.09%	0.1%	0.09%
F	F	0.1%	0.1%	0.1%
FCX	C	0.16%	0.16%	0.16%
FDX	D	0.17%	0.14%	0.14%
GD	C	0.16%	0.21%	0.16%
GE	C	0.48%	0.5%	0.48%
GEV	B	0.15%	0.16%	0.15%
GM	C	0.12%	0.13%	0.12%
GOOG	D	3.92%	1.99%	1.99%
GS	B	0.37%	0.39%	0.37%
HCA	B	0.18%	0.19%	0.18%
HD	B	0.87%	0.95%	0.87%
HON	C	0.3%	0.33%	0.3%
IBM	B	0.45%	0.49%	0.45%
ICE	C	0.21%	0.22%	0.21%
INTC	D	0.21%	0.23%	0.21%
INTU	D	0.4%	0.43%	0.4%
ISRG	C	0.37%	0.42%	0.37%
ITW	B	0.16%	0.18%	0.16%
JCI	B	0.12%	0.12%	0.12%
JNJ	C	0.94%	0.97%	0.94%
JPM	D	1.48%	1.49%	1.48%
KDP	B	0.09%	0.1%	0.09%
KHC	C	0.07%	0.08%	0.07%
KLAC	D	0.21%	0.25%	0.21%
KMB	C	0.11%	0.12%	0.11%
KO	B	0.65%	0.68%	0.65%
LIN	B	0.53%	0.56%	0.53%
LLY	D	1.59%	1.81%	1.59%
LMT	A	0.29%	0.3%	0.29%
LOW	B	0.34%	0.37%	0.34%
LRCX	D	0.21%	0.25%	0.21%
LULU	D	0.07%	0.08%	0.07%
MA	B	0.96%	1.0%	0.96%
MAR	B	0.13%	0.14%	0.13%
MCK	F	0.15%	0.16%	0.15%
MCO	C	0.17%	0.19%	0.17%
MDLZ	C	0.24%	0.24%	0.24%
MDT	B	0.27%	0.28%	0.27%
MET	B	0.12%	0.12%	0.12%
META	B	2.54%	3.02%	2.54%
MMC	C	0.26%	0.27%	0.26%
MNST	D	0.09%	0.09%	0.09%
MO	C	0.21%	0.21%	0.21%
MPC	F	0.15%	0.14%	0.14%
MRK	F	0.68%	0.73%	0.68%
MRNA	F	0.05%	0.05%	0.05%
MS	B	0.3%	0.29%	0.29%
MSFT	C	7.03%	7.95%	7.03%
MSI	B	0.16%	0.18%	0.16%
MU	D	0.2%	0.25%	0.2%
NEE	B	0.45%	0.42%	0.42%
NFLX	B	0.69%	0.74%	0.69%
NKE	D	0.23%	0.26%	0.23%
NOC	B	0.18%	0.18%	0.18%
NOW	C	0.39%	0.47%	0.39%
NSC	C	0.14%	0.14%	0.14%
NVDA	C	5.72%	6.66%	5.72%
ORCL	B	0.51%	0.65%	0.51%
OXY	F	0.08%	0.08%	0.08%
PANW	D	0.22%	0.26%	0.22%
PCAR	D	0.12%	0.13%	0.12%
PEP	D	0.59%	0.58%	0.58%
PG	C	0.95%	1.01%	0.95%
PGR	C	0.37%	0.37%	0.37%
PH	B	0.18%	0.2%	0.18%
PLD	C	0.27%	0.28%	0.27%
PNC	C	0.17%	0.18%	0.17%
PSA	C	0.13%	0.14%	0.13%
PSX	F	0.14%	0.13%	0.13%
PYPL	B	0.18%	0.19%	0.18%
QCOM	D	0.41%	0.46%	0.41%
REGN	D	0.27%	0.29%	0.27%
ROP	C	0.13%	0.15%	0.13%
RSG	D	0.09%	0.1%	0.09%
RTX	B	0.37%	0.39%	0.37%
SCHW	D	0.22%	0.24%	0.22%
SHW	B	0.21%	0.22%	0.21%
SLB	F	0.14%	0.15%	0.14%
SNPS	F	0.17%	0.19%	0.17%
SO	B	0.23%	0.24%	0.23%
SPGI	C	0.38%	0.4%	0.38%
SRE	B	0.12%	0.13%	0.12%
STZ	C	0.09%	0.1%	0.09%
SYK	C	0.28%	0.32%	0.28%
T	B	0.37%	0.38%	0.37%
TFC	D	0.13%	0.14%	0.13%
TGT	C	0.18%	0.18%	0.18%
TJX	C	0.3%	0.33%	0.3%
TMO	B	0.54%	0.58%	0.54%
TMUS	B	0.24%	0.24%	0.24%
TRV	C	0.13%	0.13%	0.13%
TT	B	0.19%	0.21%	0.19%
TXN	B	0.42%	0.45%	0.42%
UBER	C	0.31%	0.36%	0.31%
UNH	C	1.26%	1.3%	1.26%
UNP	D	0.37%	0.37%	0.37%
UPS	D	0.22%	0.23%	0.22%
USB	C	0.17%	0.18%	0.17%
V	C	1.07%	1.1%	1.07%
VLO	F	0.11%	0.11%	0.11%
VRTX	D	0.27%	0.3%	0.27%
VZ	A	0.44%	0.46%	0.44%
WELL	C	0.17%	0.19%	0.17%
WFC	D	0.48%	0.48%	0.48%
WM	D	0.18%	0.2%	0.18%
WMT	B	0.78%	0.84%	0.78%
XOM	D	1.27%	1.27%	1.27%
ZTS	B	0.2%	0.22%	0.2%

QVML Overweight 279 Positions Relative to IWL

Symbol	Grade	Weight
AFL	A	0.14%
DHI	C	0.14%
AJG	D	0.14%
BK	B	0.13%
WMB	C	0.13%
OKE	C	0.13%
URI	B	0.13%
NXPI	D	0.13%
DLR	B	0.12%
ALL	C	0.12%
SPG	B	0.12%
O	B	0.12%
PRU	C	0.11%
TEL	D	0.11%
AMP	B	0.11%
KVUE	B	0.11%
LEN	B	0.11%
ROST	C	0.11%
IDXX	D	0.1%
FAST	C	0.1%
PAYX	C	0.1%
PCG	C	0.1%
MCHP	D	0.1%
EXC	B	0.1%
CNC	D	0.1%
ACGL	B	0.1%
CTVA	B	0.1%
PEG	B	0.1%
CMI	B	0.1%
IQV	D	0.1%
LHX	C	0.1%
GIS	B	0.1%
GWW	B	0.1%
VRSK	D	0.09%
ED	B	0.09%
DOW	C	0.09%
EXR	C	0.09%
MPWR	B	0.09%
CTSH	B	0.09%
RCL	B	0.09%
KR	B	0.09%
IR	B	0.09%
HES	F	0.09%
SYY	C	0.09%
NUE	D	0.09%
GEHC	B	0.09%
HWM	B	0.09%
AME	C	0.09%
IT	C	0.09%
PWR	B	0.09%
HUM	F	0.09%
A	C	0.09%
KMI	C	0.09%
AVB	C	0.08%
GLW	B	0.08%
XYL	C	0.08%
TRGP	C	0.08%
VMC	C	0.08%
ADM	D	0.08%
EBAY	B	0.08%
EA	D	0.08%
VST	B	0.08%
FANG	F	0.08%
DFS	C	0.08%
MLM	D	0.08%
VICI	C	0.08%
EFX	C	0.08%
ODFL	D	0.08%
EIX	B	0.08%
XEL	B	0.08%
CHTR	D	0.08%
BKR	C	0.08%
CBRE	B	0.08%
HIG	B	0.08%
DD	B	0.08%
STT	B	0.07%
ETR	A	0.07%
ON	D	0.07%
ROK	D	0.07%
DAL	C	0.07%
TSCO	B	0.07%
WTW	B	0.07%
NVR	B	0.07%
CDW	D	0.07%
FITB	B	0.07%
HPQ	C	0.07%
PHM	B	0.07%
MTB	C	0.07%
WEC	B	0.07%
PPG	C	0.07%
GPN	D	0.07%
WAB	B	0.07%
HSY	D	0.07%
IRM	C	0.07%
CSGP	D	0.07%
HBAN	B	0.06%
CINF	C	0.06%
ZBH	F	0.06%
TROW	C	0.06%
ES	B	0.06%
BRO	C	0.06%
WY	C	0.06%
LYB	D	0.06%
FE	B	0.06%
CPAY	B	0.06%
CHD	C	0.06%
BR	C	0.06%
DECK	C	0.06%
TYL	C	0.06%
BLDR	C	0.06%
DOV	B	0.06%
AXON	B	0.06%
VTR	C	0.06%
GRMN	D	0.06%
PPL	A	0.06%
EQR	C	0.06%
IFF	A	0.06%
DTE	A	0.06%
ANSS	D	0.06%
KEYS	B	0.06%
DVN	F	0.06%
CAH	C	0.06%
FTV	C	0.06%
NDAQ	C	0.06%
HAL	F	0.06%
GPC	D	0.05%
NTRS	C	0.05%
STLD	C	0.05%
ESS	C	0.05%
HPE	C	0.05%
WBD	D	0.05%
ULTA	D	0.05%
SYF	C	0.05%
WDC	C	0.05%
ARE	C	0.05%
HOLX	D	0.05%
ATO	B	0.05%
CLX	C	0.05%
INVH	D	0.05%
DG	F	0.05%
TDY	B	0.05%
MOH	D	0.05%
PTC	C	0.05%
LDOS	A	0.05%
APTV	D	0.05%
CMS	B	0.05%
BAX	C	0.05%
K	A	0.05%
MKC	C	0.05%
SMCI	F	0.05%
HUBB	B	0.05%
OMC	B	0.05%
RJF	C	0.05%
BALL	C	0.05%
STE	B	0.05%
AEE	B	0.05%
RF	B	0.05%
CBOE	C	0.05%
FSLR	C	0.05%
WST	D	0.05%
VLTO	B	0.05%
NTAP	D	0.05%
AKAM	D	0.04%
PNR	B	0.04%
LNT	A	0.04%
LVS	C	0.04%
CAG	B	0.04%
AMCR	B	0.04%
IEX	C	0.04%
FOXA	B	0.04%
DOC	B	0.04%
LUV	C	0.04%
SWK	B	0.04%
MRO	D	0.04%
KEY	C	0.04%
KIM	C	0.04%
CCL	C	0.04%
EXPE	C	0.04%
AVY	C	0.04%
DLTR	F	0.04%
DGX	B	0.04%
FDS	C	0.04%
IP	C	0.04%
TXT	D	0.04%
EG	B	0.04%
CTRA	F	0.04%
CNP	C	0.04%
UAL	B	0.04%
WRB	D	0.04%
MAS	B	0.04%
CF	B	0.04%
EXPD	B	0.04%
MAA	C	0.04%
ALGN	D	0.04%
TSN	D	0.04%
ZBRA	B	0.04%
NRG	B	0.04%
BBY	A	0.04%
TER	C	0.04%
PFG	B	0.04%
J	A	0.04%
DRI	C	0.04%
CFG	D	0.04%
PKG	B	0.04%
ALB	D	0.03%
LKQ	F	0.03%
HII	F	0.03%
EPAM	F	0.03%
CHRW	B	0.03%
TFX	B	0.03%
KMX	D	0.03%
INCY	C	0.03%
CPB	C	0.03%
IPG	C	0.03%
SJM	C	0.03%
JKHY	B	0.03%
JNPR	A	0.03%
ALLE	B	0.03%
EMN	B	0.03%
CPT	C	0.03%
FFIV	B	0.03%
HST	D	0.03%
JBL	C	0.03%
SW	B	0.03%
EQT	C	0.03%
BXP	C	0.03%
NWSA	D	0.03%
DPZ	D	0.03%
UDR	C	0.03%
REG	C	0.03%
SWKS	F	0.03%
NI	B	0.03%
UHS	C	0.03%
JBHT	D	0.03%
NDSN	C	0.03%
EVRG	B	0.03%
ROL	C	0.03%
TRMB	C	0.03%
LYV	A	0.03%
VTRS	D	0.03%
CE	D	0.03%
SNA	B	0.03%
L	D	0.03%
BG	F	0.03%
POOL	C	0.03%
WBA	F	0.02%
AAL	D	0.02%
BIO	C	0.02%
IVZ	B	0.02%
BWA	C	0.02%
NCLH	B	0.02%
RL	B	0.02%
BBWI	D	0.02%
PAYC	D	0.02%
FMC	B	0.02%
FRT	C	0.02%
DVA	B	0.02%
GNRC	D	0.02%
MHK	B	0.02%
CZR	C	0.02%
MKTX	D	0.02%
HSIC	C	0.02%
GL	D	0.02%
HRL	F	0.02%
MOS	F	0.02%
APA	F	0.02%
DAY	D	0.02%
QRVO	F	0.02%
LW	D	0.02%
TPR	A	0.02%
PNW	C	0.02%
AOS	B	0.02%
TAP	D	0.02%
CRL	F	0.02%
SOLV	D	0.02%
AIZ	B	0.02%
MGM	D	0.02%
PARA	D	0.01%
BEN	F	0.01%

QVML Underweight 33 Positions Relative to IWL

Symbol	Grade	Weight
GOOGL	D	-2.36%
TSLA	C	-1.63%
MCD	B	-0.53%
PM	C	-0.46%
AMGN	D	-0.44%
PFE	D	-0.41%
SBUX	C	-0.27%
AMT	C	-0.27%
GILD	B	-0.26%
BMY	C	-0.25%
FI	B	-0.25%
BA	F	-0.22%
KKR	B	-0.22%
EQIX	B	-0.2%
TDG	B	-0.19%
MMM	B	-0.18%
CRWD	D	-0.17%
AON	B	-0.17%
MRVL	D	-0.16%
CRH	B	-0.16%
APD	B	-0.16%
ORLY	B	-0.16%
APO	B	-0.16%
NEM	C	-0.15%
AZO	B	-0.13%
WDAY	D	-0.13%
SPOT	C	-0.13%
DASH	B	-0.12%
FTNT	B	-0.12%
SNOW	F	-0.09%
DELL	C	-0.08%
TEAM	D	-0.06%
EL	D	-0.05%