XMHQ vs. NBSM ETF Comparison

Comparison of Invesco S&P MidCap Quality ETF (XMHQ) to Neuberger Berman Small-Mid Cap ETF (NBSM)

XMHQ

Invesco S&P MidCap Quality ETF

XMHQ Description

The investment seeks to track the investment results (before fees and expenses) of the S&P MidCap 400Â® Quality Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider first calculates the quality score of each security in the S&P MidCap 400Â® Index.

Grade (RS Rating)

Last Trade

$106.90

Average Daily Volume

305,174

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NBSM

Neuberger Berman Small-Mid Cap ETF

NBSM Description

NBSM focuses on capital growth primarily through investments in small- and mid-cap firms. The fund seeks out undervalued companies with strong market positions and financial health, mainly in domestic markets with a minor proportion in foreign securities. Utilizing a bottom-up analysis, the fund manager identifies organizations they believe are valued below their intrinsic worth. Key considerations include historical returns, market niche, barriers to entry, and self-financing capabilities, emphasizing companies with established business operations over speculative growth prospects. NBSM aims to capitalize on market inefficiencies and manage risks through diversification and fundamental analysis. Furthermore, the manager also takes into account ESG factors into their decision making whenever applicable, aiming for a more comprehensive evaluation of potential investments. The fund may sell a security if it underperforms, reaches a set price or when better investment opportunities arise.

Grade (RS Rating)

Last Trade

$27.75

Average Daily Volume

11,547

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XMHQ	NBSM
30 Days	5.88%	5.91%
60 Days	4.14%	5.08%
90 Days	5.12%	6.00%
12 Months	30.03%

11 Overlapping Holdings

Symbol	Grade	Weight in XMHQ	Weight in NBSM	Overlap
CHE	D	1.3%	2.41%	1.3%
CNM	D	1.2%	0.99%	0.99%
CR	A	1.44%	2.09%	1.44%
CVLT	B	1.38%	0.51%	0.51%
EXP	A	1.45%	3.88%	1.45%
GGG	B	2.05%	2.04%	2.04%
LECO	B	2.08%	1.99%	1.99%
LSCC	D	1.09%	1.77%	1.09%
MANH	D	4.08%	1.16%	1.16%
RLI	B	1.1%	2.33%	1.1%
SSD	D	1.01%	1.37%	1.01%

XMHQ Overweight 65 Positions Relative to NBSM

Symbol	Grade	Weight
CSL	C	3.86%
EME	C	3.81%
WSM	B	3.43%
FIX	A	2.48%
THC	D	2.39%
RS	B	2.38%
RNR	C	2.28%
OC	A	2.16%
TOL	B	2.03%
PSTG	D	1.86%
CW	B	1.83%
KNSL	B	1.8%
DT	C	1.66%
MEDP	D	1.62%
BLD	D	1.59%
DKS	C	1.57%
MUSA	A	1.43%
AYI	B	1.43%
AIT	A	1.4%
PRI	A	1.35%
WMS	D	1.34%
INGR	B	1.32%
AFG	A	1.3%
RGLD	C	1.3%
TREX	C	1.3%
SEIC	B	1.28%
PCTY	B	1.22%
UFPI	B	1.21%
CELH	F	1.13%
LSTR	D	1.13%
DCI	B	1.12%
SAIC	F	1.03%
CROX	D	1.02%
WFRD	D	0.96%
QLYS	C	0.94%
LNTH	D	0.94%
G	B	0.94%
ELF	C	0.93%
VNT	B	0.91%
COKE	C	0.9%
ROIV	C	0.9%
CHX	C	0.88%
DINO	D	0.87%
KBH	D	0.85%
MSA	D	0.84%
CBT	C	0.82%
MTG	C	0.81%
VVV	F	0.8%
ESNT	D	0.74%
EXPO	D	0.74%
CRUS	D	0.66%
MSM	C	0.66%
LOPE	B	0.64%
NEU	C	0.6%
LANC	C	0.52%
FHI	A	0.51%
IBOC	A	0.49%
ENS	D	0.49%
TEX	D	0.48%
SAM	C	0.48%
YETI	C	0.48%
NSP	D	0.47%
VC	D	0.39%
CXT	B	0.35%
CRI	D	0.32%

XMHQ Underweight 35 Positions Relative to NBSM

Symbol	Grade	Weight
FICO	B	-4.27%
KEX	C	-3.67%
WSO	A	-3.19%
ITT	A	-3.11%
VMI	B	-3.11%
RYAN	B	-3.08%
ATR	B	-2.93%
RBC	A	-2.92%
HAE	C	-2.9%
TYL	B	-2.72%
CNX	A	-2.68%
TTEK	F	-2.46%
CBU	B	-2.21%
MKSI	C	-2.17%
TTC	D	-2.12%
LFUS	F	-1.99%
TXRH	C	-1.94%
ENTG	D	-1.88%
CFR	B	-1.86%
TECH	D	-1.81%
NXST	C	-1.77%
POWI	D	-1.59%
TDW	F	-1.59%
PB	A	-1.59%
TSCO	D	-1.59%
BSY	D	-1.54%
SPSC	C	-1.51%
CHD	B	-1.51%
LNT	A	-1.49%
ROL	B	-1.46%
ICLR	D	-1.21%
IBP	D	-1.15%
BFAM	D	-1.14%
FND	C	-1.09%
AWI	A	-1.04%