QVMM vs. FPX ETF Comparison

Comparison of Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) to First Trust IPOX-100 Index Fund (FPX)

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 Â® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). 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 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

$26.90

Average Daily Volume

4,068

Number of Holdings ^*

348

* may have additional holdings in another (foreign) market

FPX

First Trust IPOX-100 Index Fund

FPX Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the IPOX(R)-100 U.S. Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified, value-weighted price index measuring the performance of the top U.S. companies ranked quarterly by market capitalization in the IPOX(R) Global Composite Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$99.51

Average Daily Volume

15,355

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QVMM	FPX
30 Days	-2.65%	-0.11%
60 Days	-0.69%	-2.08%
90 Days	-2.90%	-4.00%
12 Months	12.57%	12.49%

17 Overlapping Holdings

Symbol	Grade	Weight in QVMM	Weight in FPX	Overlap
CHK	D	0.41%	0.75%	0.41%
CIVI	C	0.25%	0.27%	0.25%
CNM	D	0.36%	1.47%	0.36%
CR	C	0.29%	1.31%	0.29%
DOCS	C	0.14%	0.2%	0.14%
DTM	B	0.29%	0.82%	0.29%
ESAB	D	0.24%	0.57%	0.24%
ETRN	D	0.24%	0.23%	0.23%
FNF	C	0.54%	0.53%	0.53%
HQY	B	0.31%	1.45%	0.31%
KD	B	0.26%	0.71%	0.26%
KNF	D	0.17%	0.47%	0.17%
LNW	B	0.39%	0.38%	0.38%
PR	C	0.28%	0.49%	0.28%
THC	B	0.57%	0.54%	0.54%
UTHR	B	0.6%	0.56%	0.56%
VNT	D	0.26%	0.52%	0.26%

QVMM Overweight 331 Positions Relative to FPX

Symbol	Grade	Weight
CSL	C	0.86%
WSM	D	0.83%
PSTG	B	0.78%
EME	D	0.76%
LII	B	0.75%
WSO	B	0.71%
RS	D	0.7%
OC	D	0.67%
MANH	B	0.62%
RPM	D	0.61%
CASY	B	0.6%
DKS	C	0.6%
GGG	D	0.58%
EQH	A	0.58%
RGA	B	0.57%
NBIX	C	0.56%
NVT	D	0.55%
IBKR	A	0.55%
ACM	D	0.53%
BJ	B	0.52%
FND	F	0.52%
TOL	D	0.52%
BLD	D	0.52%
XPO	C	0.51%
RNR	D	0.51%
GLPI	C	0.51%
OVV	C	0.51%
SAIA	B	0.5%
AMH	A	0.5%
WMS	D	0.5%
USFD	C	0.5%
ELF	B	0.5%
FIX	D	0.49%
DT	D	0.48%
ALLY	B	0.48%
TXRH	B	0.48%
LECO	F	0.47%
CLH	B	0.47%
ONTO	B	0.46%
ITT	D	0.46%
WWD	C	0.46%
TTEK	C	0.46%
CW	B	0.45%
SCI	C	0.45%
PFGC	D	0.45%
CUBE	B	0.44%
JLL	B	0.44%
SKX	C	0.43%
CROX	B	0.42%
TTC	B	0.42%
CCK	D	0.41%
ATR	D	0.41%
MUSA	B	0.41%
EWBC	C	0.41%
LAMR	A	0.41%
RRX	F	0.41%
CACI	B	0.41%
WTRG	D	0.4%
OLED	A	0.4%
UNM	C	0.39%
MEDP	B	0.39%
REXR	C	0.39%
ERIE	C	0.38%
CG	D	0.38%
AR	C	0.38%
TREX	F	0.38%
NYT	A	0.37%
DCI	D	0.37%
CELH	F	0.37%
ARMK	B	0.37%
PRI	B	0.36%
EHC	B	0.36%
TPX	C	0.36%
X	C	0.36%
AFG	D	0.36%
DINO	D	0.36%
GPK	D	0.36%
SF	B	0.36%
KBR	D	0.36%
RBC	C	0.35%
OHI	A	0.35%
BWXT	B	0.35%
WFRD	B	0.35%
KNSL	F	0.35%
GNTX	C	0.34%
KNX	C	0.34%
LSCC	D	0.34%
ALV	D	0.34%
ORI	C	0.34%
CHE	D	0.34%
RRC	C	0.34%
NNN	B	0.33%
INGR	D	0.33%
RGLD	C	0.33%
AXTA	D	0.33%
HRB	A	0.33%
CLF	D	0.33%
FLR	B	0.33%
VOYA	D	0.33%
GMED	B	0.33%
JEF	A	0.33%
SFM	A	0.33%
FHN	B	0.33%
AYI	C	0.32%
FCN	C	0.32%
SNX	D	0.32%
EGP	B	0.32%
EXP	D	0.32%
SWN	D	0.32%
WEX	D	0.31%
HLI	B	0.31%
SSD	F	0.31%
UFPI	D	0.31%
MSA	B	0.3%
PVH	F	0.3%
WBS	C	0.3%
JAZZ	F	0.3%
OGE	C	0.3%
CHRD	C	0.3%
KEX	B	0.3%
LAD	D	0.3%
WCC	D	0.3%
OSK	D	0.3%
NOV	C	0.3%
BERY	D	0.3%
BRBR	C	0.3%
EXEL	B	0.29%
ARW	D	0.29%
MIDD	F	0.29%
AA	B	0.29%
EVR	A	0.29%
BRX	B	0.29%
LSTR	B	0.29%
CRUS	A	0.29%
PEN	F	0.28%
STAG	B	0.28%
CIEN	F	0.28%
GME	C	0.28%
OLLI	B	0.28%
SEIC	D	0.28%
H	C	0.28%
LFUS	C	0.28%
LEA	F	0.28%
MAT	F	0.27%
ACHC	F	0.27%
CFR	C	0.27%
CHX	C	0.27%
RGEN	F	0.27%
WH	C	0.27%
AGCO	F	0.27%
FR	C	0.27%
CBSH	C	0.27%
FLS	D	0.27%
CMC	D	0.27%
MTDR	C	0.27%
MTG	B	0.26%
GXO	D	0.26%
BRKR	F	0.26%
ADC	B	0.26%
PCTY	F	0.26%
SAIC	D	0.26%
ESNT	B	0.26%
FIVE	F	0.26%
FAF	D	0.25%
VVV	B	0.25%
VMI	B	0.25%
THO	D	0.25%
PNFP	C	0.25%
STWD	C	0.25%
TMHC	D	0.25%
ST	D	0.25%
OLN	F	0.25%
MUR	D	0.25%
NOVT	C	0.25%
LNTH	B	0.25%
PB	C	0.24%
FYBR	B	0.24%
LPX	D	0.24%
RMBS	C	0.24%
SRCL	B	0.24%
AIRC	A	0.24%
SON	F	0.24%
SSB	C	0.24%
WTFC	C	0.24%
SIGI	F	0.24%
MTZ	C	0.24%
RLI	C	0.24%
MMS	B	0.23%
KBH	C	0.23%
POST	C	0.23%
CBT	D	0.23%
TKR	D	0.23%
G	D	0.23%
HXL	D	0.23%
MTSI	A	0.23%
R	B	0.23%
GPS	C	0.23%
DBX	D	0.23%
DAR	D	0.23%
CVLT	A	0.22%
BC	F	0.22%
MDU	C	0.22%
WTS	D	0.22%
QLYS	D	0.22%
SNV	A	0.22%
AMG	C	0.22%
NXST	C	0.22%
EXLS	B	0.21%
COKE	B	0.21%
NFG	C	0.21%
EXPO	B	0.21%
ASH	D	0.21%
KRG	B	0.21%
AM	B	0.21%
CADE	C	0.21%
OPCH	D	0.21%
FNB	C	0.2%
BCO	B	0.2%
GATX	B	0.2%
IDA	D	0.2%
AVT	D	0.2%
EEFT	D	0.2%
ONB	B	0.2%
PBF	D	0.2%
DLB	C	0.2%
SLM	C	0.2%
WLK	D	0.2%
JHG	A	0.19%
ENS	B	0.19%
AN	C	0.19%
WU	C	0.19%
M	D	0.19%
VAL	B	0.19%
THG	C	0.19%
HAE	D	0.18%
VNO	B	0.18%
OZK	D	0.18%
ASGN	D	0.18%
PII	F	0.18%
SWX	D	0.18%
UBSI	C	0.18%
POR	D	0.18%
HOMB	C	0.18%
FLO	D	0.18%
LANC	C	0.17%
YETI	D	0.17%
IRT	A	0.17%
BYD	F	0.17%
HOG	F	0.17%
LOPE	C	0.17%
POWI	F	0.17%
AVNT	D	0.17%
NJR	C	0.17%
COLB	C	0.16%
TEX	D	0.16%
ALE	C	0.16%
CPRI	D	0.16%
SLGN	D	0.16%
BKH	C	0.16%
NEU	D	0.16%
COTY	F	0.16%
GBCI	C	0.16%
ZI	F	0.16%
MSM	D	0.16%
BDC	C	0.16%
CNX	C	0.16%
HWC	C	0.16%
AZTA	D	0.15%
CUZ	C	0.15%
SLAB	F	0.15%
SYNA	F	0.15%
UMBF	C	0.15%
FFIN	C	0.15%
KMPR	C	0.15%
MAN	D	0.15%
AMKR	B	0.15%
KRC	D	0.15%
NYCB	D	0.14%
TDC	C	0.14%
LIVN	D	0.14%
GT	F	0.14%
PRGO	F	0.14%
OGS	C	0.14%
SBRA	A	0.14%
NSP	F	0.14%
PAG	D	0.13%
COLM	D	0.13%
NWE	D	0.13%
PK	C	0.13%
CACC	C	0.13%
EPR	C	0.13%
CNO	B	0.13%
CNXC	C	0.13%
ASB	C	0.13%
PCH	F	0.13%
SR	C	0.13%
TNL	D	0.13%
PENN	C	0.13%
BLKB	D	0.13%
VAC	F	0.12%
BHF	D	0.12%
HGV	D	0.12%
UAA	F	0.12%
IBOC	C	0.12%
VC	D	0.12%
VLY	D	0.12%
SAM	C	0.12%
NVST	F	0.12%
WERN	D	0.11%
ZD	F	0.11%
HELE	F	0.11%
TGNA	D	0.11%
WEN	F	0.11%
VSH	F	0.11%
FHI	C	0.11%
TCBI	C	0.11%
PGNY	D	0.1%
ADNT	F	0.1%
CRI	F	0.1%
IPGP	D	0.1%
GHC	D	0.1%
JWN	B	0.1%
IART	C	0.09%
ALGM	C	0.09%
GO	D	0.09%
ENOV	F	0.09%
CAR	F	0.09%
LEG	F	0.07%
GEF	F	0.07%
PPC	A	0.06%
HTZ	F	0.02%

QVMM Underweight 72 Positions Relative to FPX

Symbol	Grade	Weight
REGN	B	-9.18%
CARR	C	-6.78%
ABNB	C	-6.19%
IOT	C	-4.63%
OTIS	C	-3.46%
CEG	C	-3.2%
CRWD	B	-2.8%
PLTR	B	-2.78%
DASH	D	-2.69%
VRT	D	-2.58%
DKNG	F	-2.58%
KVUE	F	-2.1%
GEV	B	-1.92%
DUOL	D	-1.78%
COIN	C	-1.53%
GEHC	D	-1.43%
CRBG	B	-1.41%
SNOW	D	-1.33%
HOOD	B	-1.18%
RKT	C	-1.09%
HPE	B	-1.08%
APP	B	-1.08%
OWL	D	-1.01%
VLTO	C	-0.96%
AZEK	D	-0.96%
NET	B	-0.94%
VERX	A	-0.88%
PCVX	B	-0.85%
RDDT	A	-0.82%
CRDO	B	-0.81%
RBLX	B	-0.8%
NSIT	B	-0.76%
RYAN	B	-0.75%
MKSI	B	-0.69%
JXN	B	-0.66%
NRG	C	-0.65%
TPG	D	-0.61%
BSY	D	-0.55%
EDR	A	-0.55%
GKOS	A	-0.47%
COHR	B	-0.43%
COOP	D	-0.42%
TOST	B	-0.42%
INFA	B	-0.37%
PSN	B	-0.35%
BROS	B	-0.3%
ELAN	D	-0.28%
KNTK	A	-0.25%
RVMD	D	-0.25%
FOUR	B	-0.25%
RBRK	D	-0.22%
OGN	C	-0.21%
NUVL	C	-0.2%
STEP	A	-0.2%
AMK	B	-0.2%
ACT	A	-0.19%
TMDX	B	-0.19%
VRRM	B	-0.18%
OSCR	D	-0.17%
HIMS	C	-0.17%
DYN	B	-0.14%
SGBX	F	-0.13%
NPAB	C	-0.12%
ACVA	C	-0.12%
PRCT	C	-0.12%
ACLX	C	-0.11%
HAYW	F	-0.1%
RXST	D	-0.09%
ARHS	C	-0.09%
PHIN	D	-0.07%
KYMR	D	-0.07%
KROS	F	-0.06%