QVMM vs. MDYV ETF Comparison

Comparison of Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) to SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index (MDYV)

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

$27.06

Average Daily Volume

3,375

Number of Holdings ^*

348

* may have additional holdings in another (foreign) market

MDYV

SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index

MDYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of medium capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P MidCap 400 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the mid-capitalization value sector in the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$72.94

Average Daily Volume

144,085

Number of Holdings ^*

285

* may have additional holdings in another (foreign) market

Performance

Period	QVMM	MDYV
30 Days	0.00%	0.81%
60 Days	0.97%	0.98%
90 Days	-4.00%	-3.51%
12 Months	14.14%	8.49%

251 Overlapping Holdings

	Symbol	Grade	Weight in QVMM	Weight in MDYV	Overlap
	AA	C	0.29%	0.55%	0.29%
	ACM	D	0.53%	0.52%	0.52%
	ADC	B	0.26%	0.49%	0.26%
	ADNT	F	0.1%	0.18%	0.1%
	AFG	D	0.36%	0.65%	0.36%
	AGCO	F	0.27%	0.48%	0.27%
	AIRC	A	0.24%	0.45%	0.24%
	ALE	B	0.16%	0.28%	0.16%
	ALGM	D	0.09%	0.1%	0.09%
	ALLY	B	0.48%	0.86%	0.48%
	ALV	D	0.34%	0.24%	0.24%
	AM	B	0.21%	0.17%	0.17%
	AMG	C	0.22%	0.39%	0.22%
	AMH	A	0.5%	0.37%	0.37%
	AMKR	B	0.15%	0.32%	0.15%
	AN	D	0.19%	0.3%	0.19%
	AR	D	0.38%	0.75%	0.38%
	ARMK	A	0.37%	0.7%	0.37%
	ARW	F	0.29%	0.51%	0.29%
	ASB	C	0.13%	0.24%	0.13%
	ASGN	D	0.18%	0.32%	0.18%
	ASH	D	0.21%	0.37%	0.21%
	ATR	D	0.41%	0.31%	0.31%
	AVNT	C	0.17%	0.31%	0.17%
	AVT	C	0.2%	0.36%	0.2%
	AYI	D	0.32%	0.29%	0.29%
	AZTA	D	0.15%	0.08%	0.08%
	BC	F	0.22%	0.15%	0.15%
	BDC	B	0.16%	0.3%	0.16%
	BERY	D	0.3%	0.53%	0.3%
	BHF	D	0.12%	0.21%	0.12%
	BJ	B	0.52%	0.92%	0.52%
	BKH	C	0.16%	0.3%	0.16%
	BLKB	C	0.13%	0.09%	0.09%
	BRBR	C	0.3%	0.28%	0.28%
	BRKR	F	0.26%	0.2%	0.2%
	BRX	B	0.29%	0.3%	0.29%
	CACC	C	0.13%	0.23%	0.13%
	CACI	B	0.41%	0.48%	0.41%
	CADE	C	0.21%	0.41%	0.21%
	CBSH	C	0.27%	0.3%	0.27%
	CBT	D	0.23%	0.13%	0.13%
	CCK	F	0.41%	0.38%	0.38%
	CFR	C	0.27%	0.29%	0.27%
	CG	C	0.38%	0.35%	0.35%
	CHE	D	0.34%	0.26%	0.26%
	CHK	D	0.41%	0.73%	0.41%
	CHX	C	0.27%	0.16%	0.16%
	CIEN	C	0.28%	0.33%	0.28%
	CLF	D	0.33%	0.56%	0.33%
	CMC	C	0.27%	0.49%	0.27%
	CNM	D	0.36%	0.29%	0.29%
	CNO	C	0.13%	0.24%	0.13%
	CNXC	D	0.13%	0.23%	0.13%
	COLB	D	0.16%	0.32%	0.16%
	COLM	D	0.13%	0.11%	0.11%
	CPRI	D	0.16%	0.16%	0.16%
	CRI	F	0.1%	0.18%	0.1%
	CRUS	A	0.29%	0.23%	0.23%
	CUBE	B	0.44%	0.36%	0.36%
	CUZ	C	0.15%	0.27%	0.15%
	CVLT	A	0.22%	0.16%	0.16%
	CW	B	0.45%	0.29%	0.29%
	DAR	D	0.23%	0.46%	0.23%
	DCI	D	0.37%	0.29%	0.29%
	DINO	D	0.36%	0.63%	0.36%
	DKS	B	0.6%	0.48%	0.48%
	DLB	D	0.2%	0.16%	0.16%
	DOCS	B	0.14%	0.13%	0.13%
	DTM	A	0.29%	0.2%	0.2%
	EEFT	D	0.2%	0.17%	0.17%
	EGP	B	0.32%	0.24%	0.24%
	EHC	B	0.36%	0.38%	0.36%
	ENOV	D	0.09%	0.18%	0.09%
	ENS	B	0.19%	0.19%	0.19%
	EPR	B	0.13%	0.09%	0.09%
	EQH	B	0.58%	0.46%	0.46%
	ERIE	C	0.38%	0.3%	0.3%
	ESNT	B	0.26%	0.47%	0.26%
	ETRN	D	0.24%	0.26%	0.24%
	EVR	A	0.29%	0.17%	0.17%
	EWBC	C	0.41%	0.36%	0.36%
	EXLS	B	0.21%	0.17%	0.17%
	EXPO	B	0.21%	0.19%	0.19%
	FAF	D	0.25%	0.44%	0.25%
	FFIN	C	0.15%	0.18%	0.15%
	FHI	C	0.11%	0.21%	0.11%
	FHN	C	0.33%	0.64%	0.33%
	FLO	D	0.18%	0.34%	0.18%
	FLR	B	0.33%	0.58%	0.33%
	FLS	C	0.27%	0.27%	0.27%
	FNB	C	0.2%	0.38%	0.2%
	FNF	C	0.54%	1.01%	0.54%
	FR	C	0.27%	0.26%	0.26%
	FYBR	B	0.24%	0.46%	0.24%
	G	D	0.23%	0.42%	0.23%
	GATX	B	0.2%	0.23%	0.2%
	GBCI	C	0.16%	0.33%	0.16%
	GEF	F	0.07%	0.12%	0.07%
	GHC	D	0.1%	0.19%	0.1%
	GLPI	B	0.51%	0.55%	0.51%
	GME	C	0.28%	0.53%	0.28%
	GMED	A	0.33%	0.61%	0.33%
	GNTX	D	0.34%	0.22%	0.22%
	GPK	D	0.36%	0.64%	0.36%
	GPS	C	0.23%	0.41%	0.23%
	GT	F	0.14%	0.25%	0.14%
	GXO	D	0.26%	0.17%	0.17%
	HAE	D	0.18%	0.13%	0.13%
	HELE	F	0.11%	0.18%	0.11%
	HGV	D	0.12%	0.08%	0.08%
	HOG	D	0.17%	0.32%	0.17%
	HOMB	C	0.18%	0.35%	0.18%
	HQY	A	0.31%	0.28%	0.28%
	HWC	C	0.16%	0.15%	0.15%
	HXL	F	0.23%	0.21%	0.21%
	IBKR	B	0.55%	0.43%	0.43%
	IBOC	C	0.12%	0.14%	0.12%
	IDA	C	0.2%	0.23%	0.2%
	INGR	D	0.33%	0.38%	0.33%
	IPGP	D	0.1%	0.1%	0.1%
	IRT	A	0.17%	0.33%	0.17%
	JAZZ	F	0.3%	0.31%	0.3%
	JEF	A	0.33%	0.66%	0.33%
	JHG	B	0.19%	0.34%	0.19%
	JLL	B	0.44%	0.77%	0.44%
	JWN	B	0.1%	0.16%	0.1%
	KBH	B	0.23%	0.2%	0.2%
	KBR	C	0.36%	0.37%	0.36%
	KD	B	0.26%	0.47%	0.26%
	KEX	B	0.3%	0.32%	0.3%
	KMPR	C	0.15%	0.28%	0.15%
	KNF	C	0.17%	0.09%	0.09%
	KNX	C	0.34%	0.62%	0.34%
	KRC	D	0.15%	0.26%	0.15%
	KRG	B	0.21%	0.38%	0.21%
	LAD	D	0.3%	0.54%	0.3%
	LAMR	A	0.41%	0.35%	0.35%
	LANC	C	0.17%	0.16%	0.16%
	LEA	F	0.28%	0.51%	0.28%
	LFUS	C	0.28%	0.15%	0.15%
	LIVN	C	0.14%	0.15%	0.14%
	LPX	C	0.24%	0.15%	0.15%
	LSTR	B	0.29%	0.17%	0.17%
	M	C	0.19%	0.41%	0.19%
	MAN	F	0.15%	0.26%	0.15%
	MAT	F	0.27%	0.25%	0.25%
	MDU	B	0.22%	0.4%	0.22%
	MIDD	F	0.29%	0.27%	0.27%
	MMS	B	0.23%	0.11%	0.11%
	MSM	D	0.16%	0.13%	0.13%
	MTG	B	0.26%	0.28%	0.26%
	MTSI	A	0.23%	0.18%	0.18%
	MTZ	C	0.24%	0.53%	0.24%
	MUR	D	0.25%	0.27%	0.25%
	NFG	D	0.21%	0.4%	0.21%
	NJR	C	0.17%	0.33%	0.17%
	NNN	A	0.33%	0.39%	0.33%
	NOV	B	0.3%	0.59%	0.3%
	NOVT	B	0.25%	0.2%	0.2%
	NSP	F	0.14%	0.13%	0.13%
	NVST	F	0.12%	0.22%	0.12%
	NWE	C	0.13%	0.24%	0.13%
	NXST	C	0.22%	0.39%	0.22%
	NYCB	F	0.14%	0.19%	0.14%
	OGE	C	0.3%	0.56%	0.3%
	OGS	C	0.14%	0.28%	0.14%
	OHI	A	0.35%	0.39%	0.35%
	OLN	F	0.25%	0.27%	0.25%
	ONB	C	0.2%	0.42%	0.2%
	OPCH	F	0.21%	0.17%	0.17%
	ORI	C	0.34%	0.62%	0.34%
	OSK	C	0.3%	0.55%	0.3%
	OZK	D	0.18%	0.16%	0.16%
	PAG	D	0.13%	0.23%	0.13%
	PB	C	0.24%	0.46%	0.24%
	PBF	D	0.2%	0.38%	0.2%
	PCH	F	0.13%	0.25%	0.13%
	PFGC	D	0.45%	0.83%	0.45%
	PII	F	0.18%	0.33%	0.18%
	PNFP	C	0.25%	0.28%	0.25%
	POR	C	0.18%	0.35%	0.18%
	POST	C	0.23%	0.41%	0.23%
	POWI	F	0.17%	0.16%	0.16%
	PPC	A	0.06%	0.12%	0.06%
	PRGO	F	0.14%	0.27%	0.14%
	PVH	F	0.3%	0.48%	0.3%
	R	B	0.23%	0.42%	0.23%
	REXR	C	0.39%	0.47%	0.39%
	RGA	B	0.57%	1.07%	0.57%
	RGLD	C	0.33%	0.31%	0.31%
	RLI	D	0.24%	0.16%	0.16%
	RNR	C	0.51%	0.42%	0.42%
	RPM	D	0.61%	0.5%	0.5%
	RRX	F	0.41%	0.72%	0.41%
	SAIC	D	0.26%	0.31%	0.26%
	SAM	C	0.12%	0.12%	0.12%
	SBRA	A	0.14%	0.28%	0.14%
	SCI	B	0.45%	0.4%	0.4%
	SEIC	D	0.28%	0.25%	0.25%
	SF	A	0.36%	0.65%	0.36%
	SFM	A	0.33%	0.38%	0.33%
	SIGI	F	0.24%	0.2%	0.2%
	SLGN	D	0.16%	0.27%	0.16%
	SLM	C	0.2%	0.21%	0.2%
	SNV	A	0.22%	0.44%	0.22%
	SNX	C	0.32%	0.71%	0.32%
	SON	F	0.24%	0.4%	0.24%
	SR	C	0.13%	0.27%	0.13%
	SRCL	B	0.24%	0.42%	0.24%
	SSB	C	0.24%	0.45%	0.24%
	ST	D	0.25%	0.44%	0.25%
	STAG	B	0.28%	0.25%	0.25%
	STWD	C	0.25%	0.45%	0.25%
	SWX	D	0.18%	0.34%	0.18%
	SYNA	F	0.15%	0.16%	0.15%
	TCBI	C	0.11%	0.22%	0.11%
	TEX	D	0.16%	0.12%	0.12%
	TGNA	D	0.11%	0.18%	0.11%
	THC	B	0.57%	1.07%	0.57%
	THG	C	0.19%	0.35%	0.19%
	THO	D	0.25%	0.39%	0.25%
	TKR	D	0.23%	0.25%	0.23%
	TMHC	C	0.25%	0.46%	0.25%
	TNL	B	0.13%	0.07%	0.07%
	TTC	B	0.42%	0.4%	0.4%
	UAA	D	0.12%	0.1%	0.1%
	UBSI	C	0.18%	0.34%	0.18%
	UMBF	C	0.15%	0.28%	0.15%
	UNM	C	0.39%	0.71%	0.39%
	USFD	B	0.5%	0.95%	0.5%
	UTHR	A	0.6%	0.61%	0.6%
	VAC	D	0.12%	0.22%	0.12%
	VC	D	0.12%	0.13%	0.12%
	VLY	D	0.12%	0.23%	0.12%
	VMI	B	0.25%	0.44%	0.25%
	VNO	B	0.18%	0.32%	0.18%
	VOYA	D	0.33%	0.34%	0.33%
	VSH	D	0.11%	0.22%	0.11%
	WBS	D	0.3%	0.56%	0.3%
	WCC	F	0.3%	0.55%	0.3%
	WEN	F	0.11%	0.1%	0.1%
	WH	C	0.27%	0.16%	0.16%
	WTFC	C	0.24%	0.47%	0.24%
	WTRG	C	0.4%	0.39%	0.39%
	WU	D	0.19%	0.32%	0.19%
	X	D	0.36%	0.65%	0.36%
	XPO	D	0.51%	0.5%	0.5%
	YETI	D	0.17%	0.1%	0.1%
	ZD	C	0.11%	0.2%	0.11%
	ZI	F	0.16%	0.19%	0.16%

QVMM Overweight 97 Positions Relative to MDYV

	Symbol	Grade	Weight
	CSL	C	0.86%
	WSM	C	0.83%
	PSTG	B	0.78%
	EME	C	0.76%
	LII	B	0.75%
	WSO	C	0.71%
	RS	D	0.7%
	OC	C	0.67%
	MANH	B	0.62%
	CASY	B	0.6%
	GGG	D	0.58%
	NBIX	C	0.56%
	NVT	D	0.55%
	FND	F	0.52%
	TOL	D	0.52%
	BLD	D	0.52%
	OVV	C	0.51%
	SAIA	B	0.5%
	WMS	D	0.5%
	ELF	B	0.5%
	FIX	D	0.49%
	DT	F	0.48%
	TXRH	B	0.48%
	LECO	D	0.47%
	CLH	B	0.47%
	ONTO	B	0.46%
	ITT	C	0.46%
	WWD	C	0.46%
	TTEK	C	0.46%
	SKX	B	0.43%
	CROX	B	0.42%
	MUSA	B	0.41%
	OLED	A	0.4%
	LNW	B	0.39%
	MEDP	B	0.39%
	TREX	F	0.38%
	NYT	A	0.37%
	CELH	F	0.37%
	PRI	B	0.36%
	TPX	D	0.36%
	RBC	C	0.35%
	BWXT	B	0.35%
	WFRD	C	0.35%
	KNSL	F	0.35%
	LSCC	F	0.34%
	RRC	D	0.34%
	AXTA	D	0.33%
	HRB	A	0.33%
	FCN	C	0.32%
	EXP	D	0.32%
	SWN	D	0.32%
	WEX	D	0.31%
	HLI	A	0.31%
	SSD	F	0.31%
	UFPI	D	0.31%
	MSA	B	0.3%
	CHRD	C	0.3%
	EXEL	B	0.29%
	CR	B	0.29%
	PEN	D	0.28%
	PR	C	0.28%
	OLLI	B	0.28%
	H	B	0.28%
	ACHC	D	0.27%
	RGEN	D	0.27%
	MTDR	D	0.27%
	PCTY	F	0.26%
	VNT	D	0.26%
	FIVE	F	0.26%
	VVV	B	0.25%
	CIVI	D	0.25%
	LNTH	B	0.25%
	ESAB	D	0.24%
	RMBS	D	0.24%
	DBX	D	0.23%
	WTS	D	0.22%
	QLYS	D	0.22%
	COKE	A	0.21%
	BCO	B	0.2%
	WLK	D	0.2%
	VAL	B	0.19%
	BYD	D	0.17%
	LOPE	C	0.17%
	NEU	F	0.16%
	COTY	D	0.16%
	CNX	C	0.16%
	SLAB	F	0.15%
	TDC	D	0.14%
	PK	C	0.13%
	PENN	C	0.13%
	WERN	D	0.11%
	PGNY	D	0.1%
	IART	C	0.09%
	GO	D	0.09%
	CAR	F	0.09%
	LEG	F	0.07%
	HTZ	F	0.02%

QVMM Underweight 34 Positions Relative to MDYV

	Symbol	Grade	Weight
	ILMN	F	-1.34%
	WPC	D	-0.96%
	COHR	B	-0.75%
	BMRN	C	-0.55%
	ZION	C	-0.49%
	BURL	B	-0.48%
	WHR	C	-0.44%
	XRAY	F	-0.42%
	UGI	C	-0.38%
	TPL	B	-0.36%
	ELS	B	-0.35%
	CGNX	C	-0.35%
	MKSI	B	-0.33%
	ORA	C	-0.32%
	CYTK	D	-0.27%
	CC	F	-0.27%
	LITE	B	-0.26%
	PNM	D	-0.26%
	NEOG	C	-0.25%
	SRPT	B	-0.24%
	RCM	B	-0.2%
	RYN	D	-0.19%
	MASI	C	-0.18%
	MTN	D	-0.18%
	RH	D	-0.16%
	SMG	D	-0.14%
	AMED	F	-0.14%
	IRDM	F	-0.13%
	NSA	B	-0.12%
	WOLF	F	-0.12%
	CHH	B	-0.11%
	UA	D	-0.1%
	WMG	D	-0.08%
	MP	F	-0.08%

QVMM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Diversified Industrials Business Services Packaging & Containers Semiconductors Software - Application Asset Management Building Materials Engineering & Construction Specialty Chemicals Packaged Foods Specialty Retail Apparel Manufacturing Auto Parts Biotechnology Insurance - Property & Casualty Medical Care REIT - Diversified REIT - Industrial

Keywords: Bank Banking Mining Natural Gas Chemical Insurance Real Estate Investment Trust Electronics Aerospace Beverage Construction Deposit Products Computing Semiconductor Supply Chain Management Telecommunications Commercial Banking Insurance Products Transport Building Materials

MDYV: Top Represented Industries & Keywords

Industries: Banks - Regional - US Packaging & Containers Asset Management Semiconductors Apparel Manufacturing Business Services Diversified Industrials Packaged Foods REIT - Diversified REIT - Industrial Auto Parts Biotechnology Medical Care REIT - Retail Scientific & Technical Instruments Specialty Chemicals Utilities - Regulated Electric Utilities - Regulated Gas Engineering & Construction Information Technology Services

Keywords: Bank Banking Real Estate Investment Trust Insurance Natural Gas Mining Chemical Deposit Products Aerospace Commercial Banking Semiconductor Beverage Telecommunications Electricity Insurance Products Real Estate Loans Supply Chain Management Trust Services Electronics Individual Retirement Account