VFMV vs. QVAL ETF Comparison

Comparison of Vanguard U.S. Minimum Volatility ETF (VFMV) to ValueShares U.S. Quantitative Value ETF (QVAL)

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$109.33

Average Daily Volume

5,932

Number of Holdings ^*

156

* may have additional holdings in another (foreign) market

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.55

Average Daily Volume

25,741

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VFMV	QVAL
30 Days	-1.76%	-2.66%
60 Days	0.62%	5.01%
90 Days	3.08%	7.28%
12 Months	13.26%	35.38%

4 Overlapping Holdings

Symbol	Grade	Weight in VFMV	Weight in QVAL	Overlap
CSCO	D	0.91%	1.98%	0.91%
MO	A	0.4%	2.02%	0.4%
MUSA	A	0.97%	2.05%	0.97%
PSX	B	0.07%	2.04%	0.07%

VFMV Overweight 152 Positions Relative to QVAL

Symbol	Grade	Weight
CBOE	D	1.56%
IBM	D	1.56%
ROP	D	1.55%
CVLT	B	1.54%
TJX	C	1.53%
MRK	A	1.53%
ABBV	D	1.52%
IDT	D	1.52%
CME	D	1.52%
RSG	A	1.52%
EA	D	1.51%
JNJ	F	1.51%
TMUS	B	1.5%
LRN	B	1.5%
MCK	A	1.5%
MCD	D	1.49%
FCN	A	1.48%
MCS	F	1.48%
KEX	A	1.45%
NOC	A	1.45%
LMT	A	1.43%
AAPL	F	1.42%
ORLY	D	1.42%
NTAP	A	1.41%
CHD	A	1.33%
VZ	D	1.29%
TXN	B	1.29%
PG	A	1.29%
IDCC	C	1.24%
DOX	D	1.23%
GILD	F	1.21%
WMT	A	1.16%
EQC	F	1.15%
DLB	D	1.11%
SAFT	D	1.09%
GIS	A	1.08%
BLKB	B	1.07%
CHE	D	1.07%
WM	B	1.05%
LLY	D	1.04%
AVGO	B	1.01%
INST	F	1.01%
AMGN	D	1.0%
MGEE	A	0.99%
XOM	B	0.98%
WTM	B	0.97%
OSIS	B	0.97%
HSTM	C	0.94%
CL	A	0.92%
THFF	B	0.91%
BMY	F	0.91%
YELP	B	0.86%
CAH	D	0.82%
NSIT	D	0.79%
UNH	C	0.79%
GPOR	A	0.79%
CVX	A	0.78%
LAUR	A	0.76%
GOOGL	A	0.73%
MSFT	D	0.7%
CRUS	C	0.64%
DUK	A	0.6%
CASS	D	0.59%
AMSF	F	0.59%
WMB	A	0.57%
ED	A	0.55%
NEU	D	0.55%
HURN	D	0.52%
LOPE	C	0.52%
NABL	D	0.51%
FLO	A	0.51%
ESGR	C	0.5%
HSY	F	0.49%
PBH	C	0.49%
CPK	A	0.46%
WEC	B	0.44%
TRV	D	0.43%
CHCO	A	0.43%
K	A	0.41%
CLBK	C	0.41%
WSBF	C	0.4%
KMB	A	0.4%
PSN	C	0.39%
AZO	D	0.39%
AJG	D	0.39%
REGN	D	0.38%
MDLZ	B	0.36%
VECO	B	0.36%
LDOS	A	0.36%
NVEC	D	0.35%
HRL	A	0.33%
JBSS	D	0.3%
NHC	C	0.28%
ACN	F	0.28%
ADI	A	0.28%
SPOK	C	0.28%
EXEL	A	0.27%
OSG	C	0.27%
ROL	B	0.27%
UVV	A	0.27%
HPE	A	0.27%
MSGS	B	0.26%
META	D	0.26%
JJSF	F	0.26%
PGR	B	0.26%
EBF	D	0.26%
AGYS	A	0.26%
RLI	C	0.25%
NWE	A	0.24%
SHEN	F	0.23%
IMMR	C	0.22%
KMI	A	0.22%
DGICA	F	0.19%
GSBC	A	0.18%
ODC	D	0.16%
SPNS	A	0.16%
OLLI	D	0.14%
MLR	B	0.13%
HMN	A	0.12%
SR	A	0.12%
IRDM	B	0.12%
BRK.A	D	0.12%
KO	A	0.11%
GHC	C	0.1%
HTLD	F	0.09%
CNXN	C	0.09%
DJCO	C	0.09%
INCY	F	0.09%
VRTX	C	0.07%
ATGE	B	0.07%
ATNI	F	0.07%
QNST	A	0.07%
NWN	A	0.07%
NBIX	C	0.07%
GOOG	A	0.07%
MACK	B	0.07%
GD	B	0.06%
REYN	C	0.06%
LANC	D	0.06%
PEP	A	0.06%
GLRE	B	0.05%
ICE	C	0.05%
EIG	C	0.04%
DTE	B	0.04%
NTCT	D	0.04%
TRUE	D	0.04%
BLFY	D	0.04%
MSI	A	0.03%
CMS	A	0.03%
TBPH	B	0.03%
CARS	D	0.03%
AGX	A	0.02%

VFMV Underweight 45 Positions Relative to QVAL

Symbol	Grade	Weight
SNX	A	-2.25%
LBRT	A	-2.25%
DAL	A	-2.15%
BG	B	-2.15%
WFRD	A	-2.15%
ELV	A	-2.12%
SIG	B	-2.11%
OMC	A	-2.08%
AMR	B	-2.08%
CRC	A	-2.07%
ARCH	B	-2.07%
ARW	A	-2.06%
INSW	A	-2.05%
CCK	B	-2.05%
SM	A	-2.04%
ALSN	B	-2.04%
OC	A	-2.02%
HAL	B	-2.02%
AGCO	B	-2.02%
SKX	B	-2.0%
T	C	-2.0%
VLO	B	-2.0%
TPH	A	-1.99%
TEX	B	-1.99%
IPG	C	-1.98%
UTHR	B	-1.98%
THC	D	-1.95%
PHM	B	-1.95%
UFPI	C	-1.94%
CEIX	B	-1.94%
GPK	A	-1.93%
CMCSA	F	-1.92%
SNA	D	-1.9%
CVI	D	-1.9%
CTSH	D	-1.9%
LEA	D	-1.9%
TOL	B	-1.9%
HPQ	D	-1.9%
APA	B	-1.89%
TMHC	B	-1.88%
BBY	D	-1.86%
DHI	D	-1.84%
MOH	F	-1.81%
CROX	C	-1.8%
CRI	F	-1.79%