QVMS vs. FNK ETF Comparison

Comparison of Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) to First Trust Mid Cap Value AlphaDEX Fund (FNK)
QVMS

Invesco S&P SmallCap 600 QVM Multi-factor ETF

QVMS Description

The investment seeks to track the investment results of the S&P SmallCap 600 ® 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, designed to track the performance of a subset of securities from the S&P SmallCap 600 ® 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

$29.40

Average Daily Volume

453

Number of Holdings *

523

* may have additional holdings in another (foreign) market
FNK

First Trust Mid Cap Value AlphaDEX Fund

FNK Description The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$57.37

Average Daily Volume

9,876

Number of Holdings *

223

* may have additional holdings in another (foreign) market
Performance
Period QVMS FNK
30 Days 9.42% 7.85%
60 Days 8.13% 5.62%
90 Days 8.38% 5.60%
12 Months 32.90% 27.99%
50 Overlapping Holdings
Symbol Grade Weight in QVMS Weight in FNK Overlap
AAP C 0.22% 0.59% 0.22%
ABCB B 0.36% 0.32% 0.32%
ABG B 0.46% 0.47% 0.46%
ACA A 0.41% 0.32% 0.32%
AEO F 0.27% 0.35% 0.27%
AGO B 0.37% 0.84% 0.37%
AL B 0.42% 0.77% 0.42%
ALK C 0.46% 0.51% 0.46%
ALKS B 0.39% 0.28% 0.28%
AMR C 0.26% 0.74% 0.26%
ASO F 0.28% 0.58% 0.28%
AUB B 0.31% 0.16% 0.16%
BCC B 0.47% 0.58% 0.47%
CMA A 0.71% 0.33% 0.33%
COOP B 0.51% 0.61% 0.51%
CRC B 0.31% 0.32% 0.31%
DIOD D 0.22% 0.24% 0.22%
DXC B 0.29% 0.55% 0.29%
FELE B 0.35% 0.15% 0.15%
FUL F 0.34% 0.14% 0.14%
GMS B 0.31% 0.48% 0.31%
GPI A 0.46% 0.61% 0.46%
HCC B 0.31% 0.76% 0.31%
HP B 0.27% 0.8% 0.27%
IAC D 0.26% 0.13% 0.13%
JXN C 0.58% 0.8% 0.58%
KFY B 0.32% 0.29% 0.29%
LBRT D 0.22% 0.67% 0.22%
LNC B 0.5% 0.64% 0.5%
MATX C 0.46% 0.63% 0.46%
MGY A 0.41% 0.65% 0.41%
MHO D 0.34% 0.65% 0.34%
MLI C 0.84% 0.35% 0.35%
MTH D 0.51% 0.63% 0.51%
NOG A 0.33% 0.84% 0.33%
OGN D 0.33% 0.34% 0.33%
OTTR C 0.28% 0.59% 0.28%
PTEN C 0.23% 0.78% 0.23%
RDN C 0.42% 0.71% 0.42%
RHI B 0.59% 0.16% 0.16%
RUSHA C 0.32% 0.66% 0.32%
SANM B 0.34% 0.49% 0.34%
SEE C 0.42% 0.14% 0.14%
SEM B 0.32% 0.15% 0.15%
SIG B 0.35% 0.53% 0.35%
SM B 0.45% 0.81% 0.45%
TPH D 0.32% 0.66% 0.32%
UCB A 0.31% 0.16% 0.16%
URBN C 0.17% 0.72% 0.17%
WD D 0.29% 0.14% 0.14%
QVMS Overweight 473 Positions Relative to FNK
Symbol Grade Weight
CRS A 0.69%
GKOS B 0.56%
ATI D 0.55%
SPSC C 0.54%
VFC C 0.53%
AWI A 0.53%
MOG.A B 0.5%
BMI B 0.5%
AVAV D 0.48%
FSS B 0.47%
BCPC B 0.47%
ACIW B 0.47%
MARA C 0.45%
MMSI B 0.44%
EPRT B 0.43%
MC C 0.43%
RDNT B 0.43%
PIPR B 0.42%
ITRI B 0.42%
IBP D 0.4%
EAT A 0.4%
DY D 0.39%
CORT B 0.38%
SFBS B 0.38%
SLG B 0.37%
WHD B 0.36%
ITGR B 0.36%
IDCC A 0.36%
AEIS B 0.35%
AX A 0.35%
GTES A 0.35%
NSIT F 0.35%
SKYW B 0.35%
SHAK C 0.35%
PECO A 0.35%
KTB B 0.35%
KRYS B 0.33%
PBH A 0.33%
GVA A 0.33%
PLXS B 0.33%
FTDR A 0.33%
CTRE D 0.32%
LRN A 0.32%
BGC C 0.32%
FULT A 0.32%
ABM B 0.31%
REZI A 0.31%
MAC B 0.31%
DORM B 0.3%
CBU B 0.3%
JBT B 0.3%
VRRM D 0.3%
WDFC B 0.3%
CATY B 0.3%
WSFS A 0.29%
MGEE C 0.29%
SKT B 0.29%
CALM A 0.29%
GEO B 0.29%
BOOT D 0.28%
SITM B 0.28%
PJT A 0.28%
CEIX A 0.28%
CVCO A 0.28%
ESE B 0.28%
AROC B 0.28%
FHB A 0.28%
FBP B 0.28%
NPO A 0.28%
RXO C 0.27%
APLE B 0.27%
STEP B 0.27%
HIW D 0.26%
ATGE B 0.26%
FORM D 0.26%
BRC D 0.26%
GNW A 0.26%
ICUI D 0.26%
APAM B 0.26%
SXT B 0.26%
BFH B 0.26%
CVBF A 0.25%
SFNC B 0.25%
TDW F 0.25%
CCOI B 0.25%
INDB B 0.25%
TRN C 0.25%
IOSP B 0.25%
CNK B 0.25%
ARCH B 0.25%
ALRM C 0.25%
PENN C 0.25%
HUBG A 0.25%
NWL B 0.25%
CRVL A 0.25%
BKU A 0.25%
OII B 0.25%
NMIH D 0.24%
AWR B 0.24%
SHOO D 0.24%
ENVA B 0.24%
GSHD A 0.24%
TBBK B 0.24%
TDS B 0.24%
SLVM B 0.24%
BXMT C 0.24%
VSCO B 0.24%
ENV B 0.24%
BL B 0.24%
CWEN C 0.24%
SMPL B 0.24%
BOH B 0.24%
BTU B 0.24%
AVA A 0.23%
PRK B 0.23%
PFS B 0.23%
HASI D 0.23%
GFF A 0.23%
CWT D 0.23%
VCEL B 0.23%
LCII C 0.23%
UNF B 0.23%
VIRT B 0.23%
DEI B 0.23%
POWL C 0.22%
IIPR D 0.22%
ABR C 0.22%
PPBI B 0.22%
HI C 0.22%
PRGS A 0.22%
CARG C 0.22%
FFBC A 0.22%
PAYO A 0.21%
B B 0.21%
JJSF B 0.21%
EPAC B 0.21%
MTRN C 0.21%
MYRG B 0.21%
UE C 0.21%
PATK D 0.21%
ACLS F 0.21%
AZZ B 0.21%
PLMR B 0.21%
CPK A 0.21%
SNEX B 0.21%
HNI B 0.21%
ARCB C 0.21%
KLIC B 0.21%
AIN C 0.21%
CWK B 0.21%
HBI B 0.21%
MTX B 0.21%
LXP D 0.21%
SXI B 0.2%
CCS D 0.2%
SBCF A 0.2%
WAFD B 0.2%
WERN C 0.2%
IPAR B 0.2%
NBTB B 0.2%
VSTO A 0.2%
HWKN B 0.2%
TTMI B 0.2%
CNS B 0.2%
BANR B 0.2%
AGYS A 0.2%
KWR C 0.19%
PINC B 0.19%
TRMK B 0.19%
PRVA B 0.19%
UFPT B 0.19%
FL F 0.19%
AKR B 0.19%
RNST B 0.19%
CPRX C 0.19%
ENR B 0.19%
OSIS B 0.19%
PHIN A 0.19%
CXW B 0.19%
YELP C 0.19%
VIAV B 0.18%
PSMT C 0.18%
KMT B 0.18%
KAR B 0.18%
PLUS F 0.18%
TFIN A 0.18%
MPW F 0.18%
IBTX B 0.18%
CAKE C 0.18%
FCPT C 0.18%
CNMD C 0.17%
PRG C 0.17%
CENTA C 0.17%
JBLU F 0.17%
GBX A 0.17%
STRA C 0.17%
OFG B 0.17%
ADUS D 0.17%
LGIH D 0.17%
ROIC A 0.17%
SATS D 0.17%
AIR B 0.17%
MRCY B 0.17%
MCY A 0.17%
SUPN C 0.17%
PTGX C 0.17%
ROCK C 0.17%
EVTC B 0.17%
NEO C 0.16%
STC B 0.16%
KSS F 0.16%
LMAT A 0.16%
GO C 0.16%
CABO C 0.16%
ALG B 0.16%
HAYW B 0.16%
FBK B 0.16%
OI C 0.16%
CASH A 0.16%
SHO C 0.16%
EPC D 0.15%
MLKN D 0.15%
WGO C 0.15%
TALO C 0.15%
NHC C 0.15%
APOG B 0.15%
RAMP C 0.15%
TRUP B 0.15%
NBHC B 0.15%
FBNC A 0.15%
NWBI B 0.15%
LGND B 0.15%
FTRE D 0.15%
FCF A 0.15%
LKFN B 0.15%
DRH B 0.15%
CHCO B 0.15%
PLAB C 0.14%
CTS C 0.14%
NTCT C 0.14%
HLX B 0.14%
VECO F 0.14%
VSTS C 0.14%
BANF B 0.14%
TNC D 0.14%
HMN B 0.14%
KN B 0.14%
JOE F 0.14%
WWW B 0.14%
BHE B 0.14%
PRDO B 0.14%
CALX D 0.14%
LZB B 0.14%
IART C 0.14%
SONO C 0.14%
ROG D 0.14%
GRBK D 0.14%
XHR B 0.13%
LTC B 0.13%
CSGS B 0.13%
CUBI C 0.13%
ANDE D 0.13%
AMWD C 0.13%
VBTX B 0.13%
STBA B 0.13%
PDCO D 0.13%
WKC D 0.13%
TRIP F 0.13%
ASTH D 0.13%
HOPE B 0.13%
DNOW B 0.13%
UCTT D 0.13%
VRTS B 0.13%
SCL C 0.13%
MYGN F 0.12%
THRM D 0.12%
TILE B 0.12%
DFIN D 0.12%
GTY B 0.12%
PEB D 0.12%
HTH B 0.12%
NWN A 0.12%
THS D 0.12%
WABC B 0.12%
CHEF A 0.12%
SJW D 0.12%
UPBD B 0.12%
SCSC B 0.11%
KALU C 0.11%
NX C 0.11%
USPH B 0.11%
NAVI C 0.11%
GNL F 0.11%
BKE B 0.11%
SPNT A 0.11%
LNN B 0.11%
ELME D 0.11%
STAA F 0.11%
SBH C 0.11%
HLIT D 0.11%
WS B 0.11%
DEA D 0.1%
JBGS D 0.1%
VICR B 0.1%
BLMN F 0.1%
DGII B 0.1%
WOR F 0.1%
MODG F 0.1%
DAN D 0.1%
UNFI A 0.1%
CRK B 0.1%
WT B 0.1%
SAFT C 0.1%
COHU C 0.1%
BHLB B 0.1%
UVV B 0.1%
EIG B 0.1%
AAT B 0.1%
ALEX C 0.1%
SNDR B 0.09%
PARR D 0.09%
AMN F 0.09%
ICHR C 0.09%
FIZZ C 0.09%
CBRL C 0.09%
ARLO C 0.09%
PMT D 0.09%
FDP B 0.09%
RC D 0.09%
OXM D 0.09%
BRKL B 0.09%
AMSF B 0.09%
AORT B 0.09%
MSEX B 0.09%
SXC A 0.09%
XNCR B 0.09%
CARS B 0.09%
ATEN B 0.09%
CENX B 0.09%
ARI C 0.09%
PFBC B 0.09%
NVEE F 0.09%
MD B 0.09%
DCOM A 0.09%
CERT F 0.09%
PLAY D 0.09%
PRLB A 0.08%
HRMY D 0.08%
MRTN C 0.08%
TMP B 0.08%
MMI B 0.08%
VVI C 0.08%
EFC C 0.08%
DXPE B 0.08%
PRAA C 0.08%
VTOL B 0.08%
COLL F 0.08%
ANIP F 0.08%
INVA D 0.08%
LPG F 0.08%
KLG C 0.08%
VTLE C 0.08%
GIII D 0.08%
NXRT B 0.08%
XRX F 0.08%
SBSI B 0.08%
CLB B 0.08%
CSR B 0.08%
CXM C 0.08%
FBRT C 0.08%
DLX B 0.08%
MCRI A 0.08%
QNST B 0.08%
SAH A 0.08%
ALGT B 0.08%
CAL D 0.08%
CPF A 0.07%
KOP C 0.07%
BLFS C 0.07%
EYE C 0.07%
CFFN B 0.07%
ODP F 0.07%
HCSG C 0.07%
AVNS F 0.07%
BJRI B 0.07%
WNC C 0.07%
EGBN B 0.07%
PRA C 0.07%
PCRX C 0.07%
BDN C 0.07%
ASTE B 0.07%
RWT D 0.07%
OMI F 0.07%
MNRO D 0.07%
HFWA B 0.07%
XPEL C 0.07%
UTL B 0.07%
EXPI C 0.07%
HSII B 0.07%
GDEN B 0.06%
TRST A 0.06%
REX D 0.06%
AHH D 0.06%
AHCO F 0.06%
NBR C 0.06%
HAYN C 0.06%
JBSS D 0.06%
NABL F 0.06%
MCW B 0.06%
HSTM B 0.06%
MATW C 0.06%
SSTK F 0.06%
HAFC A 0.06%
GPRE F 0.06%
AXL C 0.06%
AOSL C 0.06%
CNXN C 0.06%
HCI C 0.06%
MGPI F 0.06%
RCUS F 0.06%
ASIX A 0.06%
HTZ C 0.05%
VSAT F 0.05%
HAIN C 0.05%
CEVA B 0.05%
HZO D 0.05%
CTKB C 0.05%
MTUS C 0.05%
SMP B 0.05%
SPTN D 0.05%
CVI F 0.05%
KREF D 0.05%
IIIN C 0.05%
SCHL D 0.05%
SCVL F 0.05%
NVRI F 0.05%
RGR F 0.05%
SHEN F 0.05%
EZPW A 0.05%
WSR A 0.05%
MATV D 0.05%
ETD C 0.05%
PUMP B 0.05%
INN D 0.05%
SWI B 0.05%
USNA C 0.04%
RGNX F 0.04%
KELYA F 0.04%
SVC F 0.04%
MYE F 0.04%
GDOT D 0.04%
BGS F 0.04%
GES F 0.04%
GOGO C 0.04%
PAHC C 0.04%
BFS C 0.04%
SLP D 0.04%
UHT D 0.04%
TR B 0.04%
HPP F 0.04%
UFCS B 0.04%
LQDT B 0.04%
RES D 0.04%
SNCY C 0.04%
HTLD B 0.04%
MLAB D 0.04%
AMBC C 0.04%
CRSR C 0.03%
TWI F 0.03%
FLGT F 0.03%
NPK B 0.03%
WRLD C 0.03%
THRY F 0.03%
QVMS Underweight 173 Positions Relative to FNK
Symbol Grade Weight
CNX A -0.87%
MTDR B -0.86%
OVV B -0.85%
OSK B -0.79%
TAP C -0.78%
CMC B -0.78%
ATKR C -0.75%
AMG B -0.75%
CIVI D -0.74%
PBF D -0.73%
PVH C -0.72%
CHRD D -0.72%
NOV C -0.72%
UGI A -0.71%
UNM A -0.71%
MUR D -0.71%
NFE D -0.71%
TMHC B -0.71%
TEX D -0.71%
DINO D -0.7%
MTG C -0.7%
RNR C -0.69%
LAD A -0.68%
CADE B -0.68%
BWA D -0.68%
G B -0.66%
DAR C -0.66%
APA D -0.66%
OZK B -0.65%
DDS B -0.65%
LBRDK C -0.65%
R B -0.64%
CNO A -0.64%
RRC B -0.64%
BEN C -0.63%
ESNT D -0.63%
LEA D -0.63%
HOG D -0.62%
FMC D -0.61%
JAZZ B -0.61%
EVRG A -0.6%
BKH A -0.6%
PNW B -0.6%
ADTN A -0.6%
SR A -0.59%
HRI B -0.59%
NFG A -0.59%
GBDC C -0.59%
FHN A -0.57%
BBWI D -0.57%
HST C -0.57%
KRC C -0.57%
SOLV C -0.56%
MOS F -0.56%
M D -0.56%
AVT C -0.56%
WBS A -0.56%
POR C -0.56%
MDU D -0.55%
SUM B -0.54%
ZION B -0.54%
CNXC F -0.53%
KBH D -0.52%
WCC B -0.52%
FNB A -0.51%
OMF A -0.51%
COLB A -0.51%
CLF F -0.51%
UHS D -0.5%
ARW D -0.5%
VLY B -0.49%
AMKR D -0.48%
BYD C -0.48%
AXS A -0.47%
SWX B -0.46%
OGE B -0.46%
BERY B -0.46%
JBL B -0.46%
OGS A -0.45%
GL B -0.45%
WHR B -0.45%
INGR B -0.44%
RIG D -0.44%
NXST C -0.43%
PAG B -0.43%
THO B -0.43%
SNX C -0.42%
POST C -0.41%
ENS D -0.41%
BC C -0.41%
LKQ D -0.41%
SJM D -0.4%
SON D -0.4%
AN C -0.4%
EMN D -0.4%
WU D -0.39%
ASH D -0.38%
OLN D -0.37%
BECN B -0.36%
PII D -0.35%
WTFC A -0.35%
SEIC B -0.34%
UBSI B -0.33%
HGV B -0.33%
PB A -0.33%
IDA A -0.33%
BOKF B -0.32%
HII D -0.32%
AIZ A -0.32%
VNT B -0.32%
AR B -0.32%
HWC B -0.32%
SLM A -0.31%
ORI A -0.31%
LPX B -0.31%
PNM F -0.31%
SLGN A -0.3%
KNX B -0.3%
CUZ B -0.3%
MIDD C -0.29%
COLM B -0.29%
JWN C -0.29%
WTRG B -0.29%
CRL C -0.28%
MSM C -0.28%
AGCO D -0.28%
FIVE F -0.28%
UFPI B -0.28%
ASGN F -0.27%
REYN D -0.26%
TKR D -0.26%
WPC D -0.26%
TNET D -0.26%
SKX D -0.26%
MMS F -0.25%
IPG D -0.25%
UHAL D -0.24%
PNFP B -0.18%
UMBF B -0.17%
EPAM C -0.17%
JEF A -0.17%
TPR B -0.17%
SSB B -0.16%
FLR B -0.16%
GXO B -0.16%
AVNT B -0.15%
HSIC B -0.15%
WTS B -0.15%
SKY A -0.15%
PRGO B -0.15%
NJR A -0.15%
VOYA B -0.15%
WAL B -0.15%
ALIT C -0.15%
AFG A -0.15%
DNB B -0.15%
BJ A -0.15%
MUSA A -0.15%
PFGC B -0.15%
RYN D -0.14%
TTC D -0.14%
MGM D -0.14%
BPOP B -0.14%
STWD C -0.14%
MAT D -0.14%
LSTR D -0.14%
FAF A -0.14%
IVZ B -0.14%
CZR F -0.13%
LFUS F -0.13%
FBIN D -0.12%
NSP D -0.12%
OPCH D -0.1%
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