VSMV vs. PAPI ETF Comparison

Comparison of VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) to Parametric Equity Premium Income ETF (PAPI)

VSMV

VictoryShares US Multi-Factor Minimum Volatility ETF

VSMV Description

The investment seeks to provide investment results that track the performance of the Nasdaq Victory US Multi-Factor Minimum Volatility Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities included in the Nasdaq Victory US Multi-Factor Minimum Volatility Index (the index). The index utilizes a rules-based approach designed to generate investment returns with less volatility than the broader U.S. market.

Grade (RS Rating)

Last Trade

$50.09

Average Daily Volume

11,492

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.08

Average Daily Volume

33,669

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	VSMV	PAPI
30 Days	3.22%	3.08%
60 Days	4.01%	3.73%
90 Days	4.52%	4.88%
12 Months	23.25%	19.25%

36 Overlapping Holdings

Symbol	Grade	Weight in VSMV	Weight in PAPI	Overlap
ABBV	D	2.15%	0.46%	0.46%
ACN	C	0.25%	0.5%	0.25%
ADP	B	2.91%	0.54%	0.54%
AFL	B	2.87%	0.5%	0.5%
AM	A	0.24%	0.53%	0.24%
ATR	B	0.54%	0.52%	0.52%
BBY	D	0.21%	0.49%	0.21%
CAH	B	2.74%	0.56%	0.56%
CHRD	D	0.24%	0.52%	0.24%
CI	F	2.51%	0.47%	0.47%
CINF	A	1.33%	0.58%	0.58%
CMCSA	B	0.38%	0.54%	0.38%
COR	B	3.24%	0.54%	0.54%
COST	B	2.58%	0.54%	0.54%
CTSH	B	2.59%	0.53%	0.53%
EOG	A	1.95%	0.56%	0.56%
GD	F	0.48%	0.5%	0.48%
GILD	C	0.27%	0.53%	0.27%
HPE	B	2.26%	0.53%	0.53%
JNJ	D	3.43%	0.5%	0.5%
KMB	D	0.26%	0.49%	0.26%
KMI	A	1.73%	0.58%	0.58%
KO	D	0.21%	0.45%	0.21%
LEA	D	0.22%	0.48%	0.22%
MRK	F	2.46%	0.46%	0.46%
MSFT	F	8.89%	0.53%	0.53%
NYT	C	0.69%	0.5%	0.5%
PAYX	C	0.83%	0.53%	0.53%
PG	A	2.92%	0.52%	0.52%
PKG	A	0.39%	0.56%	0.39%
SNA	A	0.3%	0.63%	0.3%
TJX	A	0.28%	0.54%	0.28%
WMB	A	1.24%	0.58%	0.58%
WMT	A	3.81%	0.54%	0.54%
WSO	A	0.27%	0.56%	0.27%
XOM	B	3.55%	0.52%	0.52%

VSMV Overweight 32 Positions Relative to PAPI

Symbol	Grade	Weight
AAPL	C	9.39%
RSG	A	3.09%
LMT	D	3.01%
WM	A	3.0%
MCK	B	2.64%
ALL	A	2.55%
LDOS	C	2.38%
NTAP	C	2.02%
GOOGL	C	1.88%
FFIV	B	1.06%
MUSA	A	0.86%
CCK	C	0.84%
DVA	B	0.48%
ANF	C	0.4%
SPG	B	0.39%
CSX	B	0.32%
ALSN	B	0.3%
CPAY	A	0.29%
MSI	B	0.27%
PYPL	B	0.27%
STLD	B	0.27%
BMY	B	0.27%
NUE	C	0.25%
THC	D	0.24%
BERY	B	0.24%
CAT	B	0.24%
LSTR	D	0.24%
MMM	D	0.23%
PHM	D	0.22%
HCA	F	0.21%
CL	D	0.21%
GIS	D	0.21%

VSMV Underweight 153 Positions Relative to PAPI

Symbol	Grade	Weight
GRMN	B	-0.65%
IP	B	-0.63%
DTM	B	-0.62%
BKR	B	-0.62%
EMR	A	-0.61%
OKE	A	-0.61%
UNM	A	-0.61%
IDCC	B	-0.61%
PINC	B	-0.6%
FOX	A	-0.59%
CFR	B	-0.59%
TAP	C	-0.59%
EA	A	-0.59%
PB	A	-0.59%
MO	A	-0.59%
IDA	A	-0.59%
JHG	A	-0.58%
JCI	C	-0.58%
WHR	B	-0.57%
RHI	B	-0.57%
TRV	B	-0.57%
SRE	A	-0.57%
CTRA	B	-0.57%
RF	A	-0.57%
DGX	A	-0.57%
SYK	C	-0.57%
LH	C	-0.57%
TXRH	C	-0.57%
FOXA	B	-0.57%
XEL	A	-0.57%
CVX	A	-0.57%
CMI	A	-0.57%
FAST	B	-0.56%
RS	B	-0.56%
PM	B	-0.56%
TROW	B	-0.56%
COP	C	-0.56%
VLO	C	-0.55%
PPL	B	-0.55%
DCI	B	-0.55%
INGR	B	-0.55%
UNH	C	-0.55%
GGG	B	-0.55%
EVRG	A	-0.55%
OGE	B	-0.55%
T	A	-0.55%
GNTX	C	-0.54%
MOS	F	-0.54%
PAG	B	-0.54%
OGS	A	-0.54%
ORI	A	-0.54%
CSCO	B	-0.54%
CHD	B	-0.54%
AFG	A	-0.54%
DRI	B	-0.54%
MTN	C	-0.54%
AEE	A	-0.54%
LHX	C	-0.53%
TXN	C	-0.53%
PRU	A	-0.53%
ATO	A	-0.53%
MSM	C	-0.53%
COLM	B	-0.53%
GLW	B	-0.53%
HP	B	-0.52%
LNT	A	-0.52%
BMI	B	-0.52%
ROP	B	-0.52%
ABT	B	-0.52%
NFG	A	-0.52%
PEG	A	-0.52%
UPS	C	-0.52%
HPQ	A	-0.52%
EXPD	D	-0.52%
PSX	C	-0.52%
WEC	A	-0.52%
CME	A	-0.52%
POR	C	-0.51%
AVT	C	-0.51%
DD	D	-0.51%
CALM	A	-0.51%
DLB	B	-0.51%
DINO	D	-0.51%
HIG	B	-0.51%
FNF	B	-0.51%
APD	A	-0.51%
LKQ	D	-0.51%
OXM	D	-0.51%
MDT	D	-0.51%
CTVA	C	-0.5%
BDX	F	-0.5%
DUK	C	-0.5%
RTX	C	-0.5%
POWI	D	-0.5%
DVN	F	-0.5%
FE	C	-0.5%
VZ	C	-0.5%
CCOI	B	-0.5%
SNX	C	-0.5%
PFG	D	-0.5%
AEP	D	-0.5%
RGLD	C	-0.5%
BG	F	-0.5%
D	C	-0.5%
MTG	C	-0.5%
SO	D	-0.5%
DOX	D	-0.49%
OMC	C	-0.49%
CHE	D	-0.49%
PPG	F	-0.49%
SON	D	-0.49%
FLO	D	-0.49%
LIN	D	-0.49%
JKHY	D	-0.49%
EMN	D	-0.49%
QCOM	F	-0.49%
HRL	D	-0.49%
CAG	D	-0.48%
LYB	F	-0.48%
AOS	F	-0.48%
WEN	D	-0.48%
ADI	D	-0.48%
ED	D	-0.48%
PEP	F	-0.48%
RPRX	D	-0.48%
WU	D	-0.48%
SHOO	D	-0.47%
AMCR	D	-0.47%
LEN	D	-0.47%
ADM	D	-0.47%
KDP	D	-0.46%
ASH	D	-0.46%
FMC	D	-0.46%
HAS	D	-0.46%
KHC	F	-0.46%
IBM	C	-0.46%
IPG	D	-0.45%
SWKS	F	-0.45%
GPC	D	-0.45%
DHR	F	-0.45%
ESNT	D	-0.45%
HUN	F	-0.44%
MAN	D	-0.44%
DOW	F	-0.44%
PFE	D	-0.44%
INSW	F	-0.44%
PII	D	-0.43%
ELV	F	-0.43%
CVI	F	-0.42%
CRI	D	-0.41%
HII	D	-0.39%
NEM	D	-0.38%
SCCO	F	-0.0%