QVMM vs. FMDE ETF Comparison

Comparison of Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) to Fidelity Enhanced Mid Cap ETF (FMDE)
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
FMDE

Fidelity Enhanced Mid Cap ETF

FMDE Description The fund will normally invest at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$34.97

Average Daily Volume

149,789

Number of Holdings *

292

* may have additional holdings in another (foreign) market
Performance
Period QVMM FMDE
30 Days 7.21% 8.08%
60 Days 7.30% 9.45%
90 Days 8.34% 11.70%
12 Months 33.49% 39.69%
82 Overlapping Holdings
Symbol Grade Weight in QVMM Weight in FMDE Overlap
ACM A 0.54% 0.17% 0.17%
AM A 0.19% 0.39% 0.19%
AMH D 0.42% 0.49% 0.42%
ANF C 0.29% 0.45% 0.29%
ARW D 0.23% 0.01% 0.01%
AXTA A 0.33% 0.47% 0.33%
AYI B 0.36% 0.31% 0.31%
BERY B 0.28% 0.46% 0.28%
BLD D 0.44% 0.32% 0.32%
BMRN D 0.47% 0.03% 0.03%
BRX A 0.3% 0.45% 0.3%
BURL A 0.61% 0.48% 0.48%
BWXT B 0.44% 0.47% 0.44%
CACI D 0.4% 0.49% 0.4%
CBSH A 0.31% 0.11% 0.11%
CCK C 0.38% 0.48% 0.38%
CHDN B 0.33% 0.12% 0.12%
CNM D 0.31% 0.03% 0.03%
CRUS D 0.2% 0.44% 0.2%
CSL C 0.8% 0.05% 0.05%
CW B 0.51% 0.59% 0.51%
DCI B 0.34% 0.52% 0.34%
DKS C 0.47% 0.2% 0.2%
DUOL A 0.4% 0.33% 0.33%
EEFT B 0.17% 0.38% 0.17%
EGP F 0.29% 0.05% 0.05%
EME C 0.84% 0.31% 0.31%
EPR D 0.12% 0.03% 0.03%
EQH B 0.56% 0.62% 0.56%
EXEL B 0.35% 0.52% 0.35%
FIX A 0.59% 0.38% 0.38%
FLS B 0.3% 0.21% 0.21%
FR C 0.25% 0.06% 0.06%
GAP C 0.19% 0.49% 0.19%
GLPI C 0.47% 0.27% 0.27%
GXO B 0.26% 0.14% 0.14%
HRB D 0.29% 0.22% 0.22%
HXL D 0.18% 0.35% 0.18%
IBKR A 0.71% 0.11% 0.11%
INGR B 0.34% 0.24% 0.24%
ITT A 0.47% 0.12% 0.12%
JAZZ B 0.3% 0.02% 0.02%
JHG A 0.22% 0.07% 0.07%
KD B 0.24% 0.15% 0.15%
LNW D 0.29% 0.44% 0.29%
LPX B 0.26% 0.35% 0.26%
LSCC D 0.26% 0.01% 0.01%
MANH D 0.6% 0.54% 0.54%
MEDP D 0.29% 0.45% 0.29%
MORN B 0.32% 0.11% 0.11%
MSA D 0.24% 0.07% 0.07%
MTDR B 0.27% 0.28% 0.27%
NBIX C 0.46% 0.44% 0.44%
NVT B 0.46% 0.41% 0.41%
NYT C 0.33% 0.45% 0.33%
OC A 0.63% 0.23% 0.23%
OGE B 0.29% 0.04% 0.04%
OVV B 0.44% 0.02% 0.02%
PCTY B 0.32% 0.21% 0.21%
POST C 0.19% 0.02% 0.02%
RGA A 0.56% 0.28% 0.28%
RS B 0.66% 0.3% 0.3%
SAM C 0.1% 0.15% 0.1%
SEIC B 0.29% 0.24% 0.24%
SF B 0.44% 0.03% 0.03%
SNX C 0.35% 0.44% 0.35%
STAG F 0.24% 0.01% 0.01%
TNL A 0.14% 0.06% 0.06%
TOL B 0.59% 0.62% 0.59%
TPL A 0.99% 0.14% 0.14%
TXRH C 0.49% 0.03% 0.03%
UNM A 0.47% 0.52% 0.47%
USFD A 0.54% 0.16% 0.16%
UTHR C 0.64% 0.35% 0.35%
VMI B 0.26% 0.37% 0.26%
WCC B 0.34% 0.33% 0.33%
WEN D 0.11% 0.05% 0.05%
WSM B 0.59% 0.11% 0.11%
WU D 0.13% 0.33% 0.13%
WWD B 0.37% 0.16% 0.16%
XRAY F 0.13% 0.08% 0.08%
ZION B 0.34% 0.34% 0.34%
QVMM Overweight 270 Positions Relative to FMDE
Symbol Grade Weight
LII A 0.73%
XPO B 0.68%
RPM A 0.61%
RBA A 0.61%
WSO A 0.61%
THC D 0.59%
PSTG D 0.58%
FNF B 0.57%
EWBC A 0.55%
GGG B 0.54%
CASY A 0.52%
SFM A 0.52%
COHR B 0.49%
AVTR F 0.49%
PFGC B 0.49%
RNR C 0.48%
JEF A 0.47%
CLH B 0.46%
RRX B 0.46%
LECO B 0.46%
ALLY C 0.46%
SAIA B 0.45%
JLL D 0.44%
SCI B 0.43%
ATR B 0.42%
BJ A 0.42%
FHN A 0.42%
FND C 0.41%
WPC D 0.41%
LAD A 0.41%
LAMR D 0.4%
KNSL B 0.4%
WBS A 0.39%
EVR B 0.39%
TTEK F 0.39%
EXP A 0.38%
PRI A 0.38%
AIT A 0.38%
CIEN B 0.38%
AA B 0.38%
CUBE D 0.37%
PNFP B 0.37%
DTM B 0.36%
TPX B 0.36%
EHC B 0.36%
ORI A 0.35%
HLI B 0.35%
MUSA A 0.35%
WING D 0.34%
GMED A 0.34%
WTRG B 0.34%
TTC D 0.34%
OHI C 0.34%
WMS D 0.34%
FLR B 0.34%
ARMK B 0.34%
AFG A 0.33%
FBIN D 0.33%
RGLD C 0.33%
KNX B 0.33%
AAON B 0.33%
CFR B 0.33%
RBC A 0.33%
GPK C 0.32%
AR B 0.32%
CHRD D 0.32%
BRBR A 0.32%
CR A 0.32%
KBR F 0.32%
REXR F 0.32%
X C 0.32%
WTFC A 0.32%
MTZ B 0.31%
SNV B 0.31%
CHE D 0.31%
UFPI B 0.31%
HQY B 0.31%
ONTO D 0.31%
SKX D 0.3%
PR B 0.3%
SSB B 0.3%
SSD D 0.29%
GME C 0.29%
RRC B 0.29%
KEX C 0.28%
WH B 0.28%
MIDD C 0.28%
CVLT B 0.28%
R B 0.28%
DAR C 0.28%
PB A 0.28%
OSK B 0.28%
CMC B 0.27%
G B 0.27%
TREX C 0.27%
VOYA B 0.27%
RGEN D 0.27%
ESAB B 0.27%
ALV C 0.27%
TMHC B 0.27%
ADC B 0.26%
CGNX C 0.26%
MASI A 0.26%
HALO F 0.26%
CADE B 0.26%
NNN D 0.26%
H B 0.26%
MTSI B 0.26%
ONB B 0.26%
RYAN B 0.26%
EXLS B 0.26%
GNTX C 0.26%
WEX D 0.26%
DINO D 0.25%
GBCI B 0.25%
WFRD D 0.25%
FCN D 0.25%
NOV C 0.25%
RLI B 0.25%
VNT B 0.24%
MAT D 0.24%
LFUS F 0.24%
LSTR D 0.24%
MTG C 0.24%
CROX D 0.24%
OLED D 0.24%
COLB A 0.24%
FNB A 0.23%
THO B 0.23%
DOCS C 0.23%
CHX C 0.23%
FAF A 0.23%
NOVT D 0.23%
WHR B 0.23%
VNO B 0.23%
LEA D 0.22%
ESNT D 0.22%
FYBR D 0.22%
RMBS C 0.22%
ALTR B 0.22%
PVH C 0.22%
CBT C 0.22%
SIGI C 0.22%
STWD C 0.22%
AMG B 0.22%
SAIC F 0.22%
CLF F 0.22%
VVV F 0.21%
KRG B 0.21%
THG A 0.21%
WTS B 0.21%
HOMB A 0.21%
CNX A 0.21%
KBH D 0.21%
COKE C 0.21%
UBSI B 0.21%
QLYS C 0.2%
BRKR D 0.2%
BC C 0.2%
HWC B 0.2%
GATX A 0.2%
SLM A 0.2%
IDA A 0.2%
LNTH D 0.2%
AGCO D 0.2%
MUR D 0.19%
MMS F 0.19%
OLN D 0.19%
KNF A 0.19%
BDC B 0.19%
FFIN B 0.19%
CIVI D 0.19%
NFG A 0.19%
NXST C 0.19%
OZK B 0.19%
ST F 0.19%
UMBF B 0.19%
BYD C 0.18%
AVNT B 0.18%
LOPE B 0.18%
APPF B 0.18%
EXPO D 0.18%
UGI A 0.18%
SON D 0.18%
TKR D 0.18%
OLLI D 0.18%
AVT C 0.18%
POR C 0.17%
IRT A 0.17%
WMG C 0.17%
SWX B 0.17%
HAE C 0.17%
DLB B 0.16%
KMPR B 0.16%
ASGN F 0.16%
M D 0.16%
CNO A 0.16%
SLGN A 0.16%
AN C 0.16%
CELH F 0.16%
CUZ B 0.16%
VLY B 0.16%
NJR A 0.16%
PNM F 0.15%
ASH D 0.15%
MSM C 0.15%
ENS D 0.15%
HOG D 0.15%
FLO D 0.15%
BKH A 0.15%
ORA B 0.15%
UAA C 0.15%
WLK D 0.15%
KRC C 0.15%
BCO D 0.15%
ASB B 0.15%
NEU C 0.14%
PII D 0.14%
SR A 0.14%
ROIV C 0.14%
ACHC F 0.14%
PRGO B 0.14%
TEX D 0.14%
SBRA C 0.14%
RYN D 0.14%
IBOC A 0.14%
OGS A 0.14%
TCBI B 0.14%
NVST B 0.13%
PBF D 0.13%
PAG B 0.13%
LANC C 0.13%
SLAB D 0.13%
ALE A 0.13%
OPCH D 0.13%
VAC B 0.12%
NWE B 0.12%
SYNA C 0.12%
FHI A 0.12%
PCH D 0.12%
CDP C 0.12%
PK B 0.12%
VAL D 0.12%
GHC C 0.12%
BHF B 0.12%
YETI C 0.12%
LIVN F 0.11%
ZI D 0.11%
GT C 0.11%
MAN D 0.11%
NEOG F 0.11%
HGV B 0.11%
CXT B 0.1%
RCM F 0.1%
COLM B 0.1%
VC D 0.1%
COTY F 0.1%
AMKR D 0.1%
NSP D 0.1%
NSA D 0.1%
ENOV C 0.09%
AZTA D 0.09%
VSH D 0.08%
JWN C 0.08%
IPGP D 0.08%
PPC C 0.08%
CRI D 0.07%
CNXC F 0.07%
CPRI F 0.07%
GEF A 0.06%
QVMM Underweight 210 Positions Relative to FMDE
Symbol Grade Weight
WMB A -1.12%
BK A -0.99%
SQ B -0.97%
SPG B -0.96%
CMI A -0.94%
VST B -0.94%
HWM A -0.89%
PRU A -0.85%
MSCI C -0.84%
UAL A -0.79%
RJF A -0.78%
CVNA B -0.75%
CAH B -0.74%
EXPE B -0.73%
KR B -0.73%
STT A -0.72%
RBLX C -0.72%
WTW B -0.72%
ROST C -0.71%
VEEV C -0.71%
TOST B -0.69%
TWLO A -0.67%
ZM B -0.67%
AXON A -0.67%
PPG F -0.66%
CSGP D -0.66%
DOCU A -0.65%
NRG B -0.65%
CLX B -0.65%
NVR D -0.65%
KEY B -0.65%
CCL B -0.65%
NTAP C -0.64%
VICI C -0.63%
AIZ A -0.63%
FIS C -0.63%
EIX B -0.61%
IDXX F -0.61%
HUBS A -0.61%
HPE B -0.61%
NUE C -0.6%
AMP A -0.6%
INCY C -0.6%
CCI D -0.6%
LDOS C -0.6%
TXT D -0.59%
HUBB B -0.59%
LNG B -0.59%
SSNC B -0.59%
EA A -0.58%
ALLE D -0.58%
DD D -0.58%
LYFT C -0.57%
CNC D -0.57%
ALL A -0.57%
DBX B -0.56%
DKNG B -0.56%
TRGP B -0.56%
FTV C -0.54%
PYPL B -0.54%
GL B -0.54%
FFIV B -0.54%
CNP B -0.52%
CTAS B -0.52%
GRMN B -0.52%
COR B -0.51%
TPR B -0.51%
GILD C -0.51%
MPWR F -0.51%
QRVO F -0.5%
MSI B -0.5%
ECL D -0.49%
TDC D -0.48%
TT A -0.48%
STLD B -0.47%
PSA D -0.46%
HLT A -0.45%
SWKS F -0.45%
PEGA A -0.45%
NDAQ A -0.44%
WAB B -0.43%
PLTR B -0.43%
VMC B -0.42%
GWW B -0.42%
CL D -0.42%
EVRG A -0.41%
HIG B -0.4%
AME A -0.4%
SOLV C -0.39%
CPNG D -0.39%
PCAR B -0.38%
IGT F -0.38%
ALSN B -0.37%
DHI D -0.37%
KLAC D -0.36%
PCG A -0.36%
SYF B -0.36%
RNG B -0.34%
SEE C -0.34%
IQV D -0.33%
GIS D -0.33%
NTNX A -0.33%
UHS D -0.32%
EBAY D -0.32%
Z A -0.32%
COIN C -0.31%
CPAY A -0.31%
DVN F -0.31%
APP B -0.3%
LEN D -0.29%
GDDY A -0.29%
EQR B -0.29%
MGM D -0.28%
XEL A -0.28%
IFF D -0.27%
BAH F -0.27%
CBOE B -0.27%
DXCM D -0.27%
A D -0.27%
ELAN D -0.27%
FANG D -0.26%
ZG A -0.26%
BMY B -0.26%
ZBRA B -0.25%
PLTK B -0.25%
BILL A -0.25%
BRO B -0.25%
CDW F -0.25%
LHX C -0.24%
CFG B -0.23%
GTES A -0.23%
TW A -0.22%
MTB A -0.22%
HES B -0.22%
SBAC D -0.22%
KMB D -0.22%
DFS B -0.21%
HII D -0.21%
ADTN A -0.2%
GPN B -0.2%
BLDR D -0.2%
MKTX D -0.19%
RCL A -0.18%
NWSA B -0.18%
NOC D -0.18%
MKL A -0.16%
DASH A -0.16%
DOC D -0.15%
KMI A -0.14%
CINF A -0.13%
ATI D -0.13%
ANSS B -0.13%
REG B -0.13%
FTI A -0.12%
AES F -0.12%
GEHC F -0.11%
NWS B -0.11%
EXC C -0.11%
SYY B -0.11%
ROP B -0.1%
CTRE D -0.1%
LUV C -0.1%
AWK D -0.1%
VLTO D -0.1%
CTRA B -0.1%
AXS A -0.09%
ACGL D -0.09%
ES D -0.09%
LPLA A -0.09%
LEG F -0.08%
MCHP D -0.08%
WBD C -0.08%
VSTS C -0.07%
CWEN C -0.07%
ADM D -0.07%
AMT D -0.06%
CI F -0.06%
DTE C -0.06%
WDAY B -0.06%
EG C -0.06%
VIRT B -0.06%
HUM C -0.06%
L A -0.06%
NSC B -0.06%
PHM D -0.05%
TXG F -0.05%
DAL C -0.05%
NTRA B -0.05%
BBWI D -0.04%
DGX A -0.04%
BIIB F -0.04%
CWEN C -0.04%
ULTA F -0.04%
U C -0.04%
K A -0.04%
CF B -0.03%
BBY D -0.03%
REYN D -0.03%
AKAM D -0.03%
CBRE B -0.03%
QGEN D -0.02%
AFL B -0.02%
AJG B -0.02%
ED D -0.02%
HAL C -0.02%
MRO B -0.02%
OKE A -0.01%
HPQ B -0.01%
SWK D -0.01%
HOOD B -0.01%
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