VFMV vs. SPMV ETF Comparison

Comparison of Vanguard U.S. Minimum Volatility ETF (VFMV) to Invesco S&P 500 Minimum Variance ETF (SPMV)

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

$112.43

Average Daily Volume

4,380

Number of Holdings ^*

157

* may have additional holdings in another (foreign) market

SPMV

Invesco S&P 500 Minimum Variance ETF

SPMV Description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500® Minimum Volatility Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to measure the performance of a subset of constituent securities of the S&P 500 Index using a managed volatility equity strategy that seeks to achieve lower total volatility than the S&P 500 ® Index, while maintaining other similar characteristics of the S&P 500 ® Index.

Grade (RS Rating)

Last Trade

$43.72

Average Daily Volume

1,369

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VFMV	SPMV
30 Days	-0.04%	0.59%
60 Days	4.82%	6.05%
90 Days	2.74%	4.70%
12 Months	14.04%	15.62%

30 Overlapping Holdings

Symbol	Grade	Weight in VFMV	Weight in SPMV	Overlap
AAPL	B	1.06%	2.26%	1.06%
ACN	F	0.25%	0.27%	0.25%
AJG	A	0.4%	1.98%	0.4%
AMGN	B	0.61%	0.64%	0.61%
AVGO	A	1.1%	0.91%	0.91%
BMY	F	0.89%	0.4%	0.4%
BRK.A	C	0.29%	2.9%	0.29%
CSCO	F	1.18%	0.56%	0.56%
DUK	B	0.55%	0.09%	0.09%
GIS	D	1.06%	1.67%	1.06%
GOOG	A	0.7%	0.59%	0.59%
HRL	F	0.28%	0.41%	0.28%
HSY	F	0.47%	1.22%	0.47%
JNJ	F	1.44%	0.05%	0.05%
K	C	0.38%	0.2%	0.2%
LLY	A	1.52%	2.77%	1.52%
MDLZ	D	0.4%	2.65%	0.4%
META	B	0.32%	0.69%	0.32%
MRK	B	1.45%	2.42%	1.45%
MSFT	A	0.71%	3.15%	0.71%
PG	A	1.31%	2.97%	1.31%
PGR	D	0.64%	2.96%	0.64%
REGN	A	0.62%	0.94%	0.62%
ROL	A	0.26%	0.06%	0.06%
RSG	C	1.57%	0.79%	0.79%
TMUS	B	1.45%	2.08%	1.45%
TRV	D	0.47%	0.38%	0.38%
VRTX	A	0.04%	1.92%	0.04%
VZ	C	1.32%	2.04%	1.32%
XOM	D	1.04%	0.31%	0.31%

VFMV Overweight 127 Positions Relative to SPMV

Symbol	Grade	Weight
KEX	B	1.64%
CVLT	B	1.61%
ABBV	B	1.61%
TXN	B	1.59%
FCN	D	1.59%
ORLY	C	1.55%
MCK	A	1.55%
NTAP	A	1.54%
IBM	C	1.54%
TJX	A	1.51%
IDT	D	1.51%
ROP	B	1.5%
CME	D	1.45%
LRN	B	1.41%
MCS	D	1.38%
EA	B	1.37%
CBOE	D	1.36%
NOC	F	1.36%
CHD	A	1.35%
MCD	D	1.33%
LMT	C	1.31%
WM	C	1.28%
WMT	A	1.27%
MUSA	B	1.25%
DOX	F	1.16%
IDCC	B	1.12%
SAFT	D	1.09%
VECO	A	1.09%
WTM	C	1.04%
UNH	C	1.02%
OSIS	C	0.99%
DLB	F	0.99%
EQC	B	0.98%
MGEE	D	0.98%
CHE	D	0.96%
CL	A	0.95%
GILD	D	0.93%
HSTM	B	0.91%
ADI	B	0.89%
GPOR	C	0.88%
BLKB	D	0.84%
LAUR	D	0.84%
CAH	D	0.83%
CVX	D	0.76%
NSIT	B	0.76%
INST	B	0.74%
GOOGL	A	0.72%
CRUS	A	0.66%
NABL	B	0.65%
THFF	D	0.65%
YELP	F	0.65%
WMB	A	0.59%
NEU	D	0.59%
CASS	D	0.58%
AMSF	F	0.58%
PBH	D	0.54%
ED	D	0.5%
FLO	D	0.49%
PSN	C	0.47%
MATX	B	0.45%
AZO	C	0.44%
LOPE	C	0.41%
MO	B	0.4%
WEC	D	0.39%
RLI	D	0.37%
JBSS	D	0.37%
NVEC	D	0.37%
OLLI	B	0.34%
LDOS	B	0.32%
WSBF	C	0.31%
OSG	A	0.3%
CLBK	F	0.28%
SPOK	D	0.27%
KMB	A	0.24%
EXEL	D	0.24%
NWE	C	0.22%
EBF	B	0.22%
MLR	B	0.21%
KMI	B	0.21%
IMMR	B	0.21%
JJSF	B	0.2%
UVV	F	0.19%
ESGR	C	0.18%
DECK	B	0.18%
SHEN	D	0.17%
DGICA	F	0.17%
ODC	D	0.16%
SPNS	B	0.16%
PSX	D	0.16%
HMN	D	0.12%
SR	D	0.11%
HURN	C	0.11%
AMAT	A	0.11%
GHC	D	0.1%
KO	B	0.1%
QNST	D	0.09%
DJCO	B	0.09%
LRCX	A	0.08%
INCY	B	0.08%
V	D	0.08%
CNXN	C	0.08%
LANC	C	0.07%
GSBC	D	0.07%
GD	C	0.06%
CPK	C	0.06%
REYN	C	0.06%
PEP	D	0.06%
NWN	F	0.06%
NHC	B	0.06%
MSGS	C	0.05%
AKAM	F	0.05%
ATR	B	0.05%
GLRE	B	0.05%
MU	A	0.04%
DTE	B	0.04%
EIG	D	0.04%
NTCT	F	0.04%
BLFY	D	0.04%
TRUE	F	0.04%
NBIX	C	0.04%
AGYS	B	0.03%
MSI	A	0.03%
CARS	B	0.03%
CMS	C	0.03%
ATGE	B	0.03%
CHCO	D	0.02%
TBPH	F	0.02%

VFMV Underweight 50 Positions Relative to SPMV

Symbol	Grade	Weight
NEE	B	-3.73%
NVDA	A	-3.61%
AMZN	B	-3.09%
ORCL	B	-3.0%
MMC	A	-2.97%
CB	B	-2.76%
QCOM	A	-2.51%
HD	C	-2.4%
ABT	D	-2.13%
ELV	B	-1.96%
PFE	C	-1.91%
ADBE	C	-1.85%
INTU	C	-1.84%
AON	C	-1.69%
AEP	B	-1.66%
CEG	B	-1.58%
CRM	F	-1.42%
SNPS	B	-1.37%
SRE	B	-1.36%
CCI	C	-1.31%
ADM	D	-1.26%
ALL	D	-1.09%
MRNA	B	-1.0%
NOW	C	-0.93%
AIG	D	-0.89%
MDT	C	-0.78%
MKC	F	-0.78%
IDXX	C	-0.78%
ACGL	B	-0.73%
WRB	D	-0.7%
ISRG	A	-0.66%
RMD	B	-0.62%
AES	B	-0.55%
KHC	D	-0.54%
ILMN	F	-0.53%
EL	F	-0.51%
JPM	C	-0.49%
T	B	-0.44%
RTX	B	-0.43%
TFC	D	-0.39%
D	C	-0.39%
SJM	F	-0.3%
ES	D	-0.27%
MTD	B	-0.15%
BDX	D	-0.14%
CAG	D	-0.12%
CDNS	B	-0.07%
ZTS	C	-0.06%
PODD	B	-0.04%
XEL	D	-0.03%