XMVM vs. QVAL ETF Comparison

Comparison of Invesco S&P MidCap Value with Momentum ETF (XMVM) to ValueShares U.S. Quantitative Value ETF (QVAL)

XMVM

Invesco S&P MidCap Value with Momentum ETF

XMVM Description

The investment seeks to track the investment results (before fees and expenses) of the S&P MidCap 400 High Momentum Value 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 compiles, maintains and calculates the underlying index, which is designed to track the performance of approximately 80 stocks in the S&P MidCap 400® that have the highest “value” and “momentum” scores.

Grade (RS Rating)

Last Trade

$51.37

Average Daily Volume

22,810

Number of Holdings ^*

* 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

$42.75

Average Daily Volume

23,626

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XMVM	QVAL
30 Days	-3.59%	-3.76%
60 Days	0.98%	1.68%
90 Days	4.04%	5.30%
12 Months	26.89%	35.45%

12 Overlapping Holdings

Symbol	Grade	Weight in XMVM	Weight in QVAL	Overlap
AGCO	F	1.24%	2.02%	1.24%
ARW	B	2.22%	2.06%	2.06%
CRI	F	0.74%	1.79%	0.74%
LEA	F	1.28%	1.9%	1.28%
MUSA	B	0.98%	2.05%	0.98%
OC	A	0.9%	2.02%	0.9%
SNX	B	2.18%	2.25%	2.18%
TEX	D	1.37%	1.99%	1.37%
THC	A	1.38%	1.95%	1.38%
TMHC	D	1.98%	1.88%	1.88%
TOL	B	1.65%	1.9%	1.65%
UFPI	C	0.78%	1.94%	0.78%

XMVM Overweight 66 Positions Relative to QVAL

Symbol	Grade	Weight
PBF	B	3.6%
AVT	B	2.48%
DINO	F	2.43%
AN	A	2.14%
CNX	B	2.04%
X	F	1.95%
LAD	F	1.95%
SWN	B	1.9%
UNM	A	1.88%
CMC	B	1.76%
KBH	C	1.66%
AMG	C	1.58%
CLF	F	1.54%
MDU	A	1.53%
PFGC	D	1.47%
RGA	A	1.43%
ADNT	D	1.4%
USFD	C	1.39%
VST	A	1.38%
R	A	1.35%
PAG	D	1.35%
ARMK	B	1.35%
MTG	B	1.33%
CHRD	B	1.33%
PPC	A	1.33%
TCBI	A	1.31%
CIVI	D	1.3%
JEF	A	1.28%
GT	D	1.25%
PR	B	1.2%
ESNT	C	1.2%
RNR	D	1.2%
RRC	B	1.18%
JHG	B	1.18%
THO	F	1.17%
OSK	D	1.17%
MUR	B	1.14%
ORI	A	1.08%
GEF	D	1.04%
VVV	C	1.03%
SF	A	1.02%
VSH	B	1.01%
MTDR	D	1.0%
PVH	D	1.0%
INGR	B	0.98%
WLK	A	0.96%
KEX	A	0.96%
RS	D	0.96%
BDC	B	0.95%
FLR	A	0.94%
ALE	A	0.92%
TKR	A	0.9%
KD	D	0.83%
NWE	A	0.83%
BC	F	0.83%
BERY	D	0.8%
AMKR	B	0.77%
WERN	D	0.75%
VOYA	B	0.74%
FAF	F	0.74%
ENS	C	0.73%
CNO	A	0.72%
KNX	F	0.7%
SAIC	C	0.69%
HELE	D	0.65%
NYCB	F	0.56%

XMVM Underweight 37 Positions Relative to QVAL

Symbol	Grade	Weight
LBRT	B	-2.25%
DAL	A	-2.15%
BG	B	-2.15%
WFRD	A	-2.15%
ELV	B	-2.12%
SIG	B	-2.11%
OMC	B	-2.08%
AMR	D	-2.08%
CRC	D	-2.07%
ARCH	D	-2.07%
INSW	A	-2.05%
CCK	B	-2.05%
PSX	D	-2.04%
SM	B	-2.04%
ALSN	D	-2.04%
MO	A	-2.02%
HAL	D	-2.02%
SKX	A	-2.0%
T	B	-2.0%
VLO	B	-2.0%
TPH	A	-1.99%
CSCO	F	-1.98%
IPG	F	-1.98%
UTHR	A	-1.98%
PHM	A	-1.95%
CEIX	F	-1.94%
GPK	D	-1.93%
CMCSA	F	-1.92%
SNA	D	-1.9%
CVI	F	-1.9%
CTSH	F	-1.9%
HPQ	F	-1.9%
APA	F	-1.89%
BBY	F	-1.86%
DHI	C	-1.84%
MOH	F	-1.81%
CROX	C	-1.8%