BIV vs. QEMM ETF Comparison

Comparison of Vanguard Intermediate-Term Bond ETF (BIV) to SPDR MSCI Emerging Markets Quality Mix ETF (QEMM)

BIV

Vanguard Intermediate-Term Bond ETF

BIV Description

The investment seeks the performance of a market-weighted bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$75.41

Average Daily Volume

1,217,456

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

QEMM

SPDR MSCI Emerging Markets Quality Mix ETF

QEMM Description

The investment seeks to track the performance of the MSCI Emerging Markets (EM) Quality Mix Index. The index captures large- and mid-cap representation across 23 emerging markets countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.62

Average Daily Volume

1,910

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BIV	QEMM
30 Days	-0.77%	-2.80%
60 Days	-3.28%	-2.21%
90 Days	-2.32%	-1.79%
12 Months	6.35%	11.44%

5 Overlapping Holdings

Symbol	Grade	Weight in BIV	Weight in QEMM	Overlap
BABA	D	0.03%	0.69%	0.03%
BABA	D	0.03%	0.04%	0.03%
BIDU	F	0.01%	0.09%	0.01%
TME	D	0.01%	0.02%	0.01%
WIT	A	0.35%	0.25%	0.25%

BIV Overweight 480 Positions Relative to QEMM

Symbol	Grade	Weight
DT	C	0.11%
MSFT	F	0.1%
AXP	A	0.05%
DD	D	0.05%
ABBV	D	0.05%
BIIB	F	0.04%
MS	A	0.04%
WFC	A	0.04%
TMUS	B	0.04%
CB	C	0.03%
KOF	F	0.03%
DLTR	F	0.03%
SLB	C	0.03%
RJF	A	0.03%
CAH	B	0.03%
BWA	D	0.03%
BMO	A	0.03%
ESGR	B	0.03%
NOW	A	0.03%
TSN	B	0.03%
NVDA	C	0.03%
LVS	C	0.02%
NI	A	0.02%
LRCX	F	0.02%
LMT	D	0.02%
MRO	B	0.02%
INVH	D	0.02%
KLAC	D	0.02%
EOG	A	0.02%
EBAY	D	0.02%
CTAS	B	0.02%
BR	A	0.02%
ADI	D	0.02%
CPB	D	0.02%
UHS	D	0.02%
XRAY	F	0.02%
QRVO	F	0.02%
MOS	F	0.02%
MET	A	0.02%
LDOS	C	0.02%
MTB	A	0.02%
HST	C	0.02%
HPQ	B	0.02%
HIG	B	0.02%
HAL	C	0.02%
EFX	F	0.02%
DAL	C	0.02%
EA	A	0.02%
DXC	B	0.02%
DOX	D	0.02%
ETN	A	0.02%
BC	C	0.02%
CNO	A	0.02%
ADP	B	0.02%
ADM	D	0.02%
CHRW	C	0.02%
ARCC	A	0.02%
AAP	C	0.02%
AMG	B	0.02%
TEL	B	0.02%
SYK	C	0.02%
SYF	B	0.02%
VRSN	F	0.02%
ZBH	C	0.02%
TRMB	B	0.02%
PGR	A	0.02%
RL	B	0.02%
DOC	D	0.02%
REGN	F	0.02%
ADBE	C	0.02%
MCD	D	0.02%
DLR	B	0.02%
NEM	D	0.02%
MU	D	0.02%
GSK	F	0.02%
WAB	B	0.02%
WY	D	0.02%
PH	A	0.02%
EXPE	B	0.02%
GD	F	0.02%
PYPL	B	0.02%
CHTR	C	0.02%
CRM	B	0.02%
DFS	B	0.02%
CAG	D	0.02%
SYY	B	0.02%
MPLX	A	0.02%
VTRS	A	0.02%
ET	A	0.02%
MMC	B	0.02%
BSX	B	0.02%
GOOGL	C	0.02%
QCOM	F	0.02%
NWG	C	0.02%
MRK	F	0.02%
HCA	F	0.02%
FOXA	B	0.02%
CARR	D	0.02%
NOC	D	0.02%
GE	D	0.02%
VOD	F	0.02%
MUFG	B	0.02%
AMZN	C	0.02%
WTFC	A	0.01%
SKT	B	0.01%
RS	B	0.01%
ROST	C	0.01%
PWR	A	0.01%
REXR	F	0.01%
SAVE	D	0.01%
GBDC	C	0.01%
ALLE	D	0.01%
AXS	A	0.01%
AVT	C	0.01%
CMA	A	0.01%
CHD	B	0.01%
CE	F	0.01%
CBT	C	0.01%
THG	A	0.01%
UNM	A	0.01%
NOV	C	0.01%
NDAQ	A	0.01%
OGS	A	0.01%
IFF	D	0.01%
L	A	0.01%
JCI	C	0.01%
KMT	B	0.01%
KMPR	B	0.01%
EPRT	B	0.01%
VNO	B	0.01%
WU	D	0.01%
TKR	D	0.01%
WLK	D	0.01%
PNW	B	0.01%
SNA	A	0.01%
RNR	C	0.01%
SF	B	0.01%
PSEC	D	0.01%
DOV	A	0.01%
AFG	A	0.01%
APTV	D	0.01%
WBS	A	0.01%
LII	A	0.01%
OCSL	F	0.01%
MDT	D	0.01%
MCY	A	0.01%
PDM	D	0.01%
MP	B	0.01%
KRG	B	0.01%
EMN	D	0.01%
FSK	A	0.01%
LXP	D	0.01%
OSK	B	0.01%
MKL	A	0.01%
OPI	F	0.01%
BEN	C	0.01%
BDN	C	0.01%
AMH	D	0.01%
WEC	A	0.01%
WB	D	0.01%
ZION	B	0.01%
VRSK	A	0.01%
VNT	B	0.01%
WPC	D	0.01%
R	B	0.01%
SITC	D	0.01%
PKG	A	0.01%
RPM	A	0.01%
PHM	D	0.01%
PFG	D	0.01%
SCS	C	0.01%
SAFE	D	0.01%
PPG	F	0.01%
SON	D	0.01%
SNX	C	0.01%
FMC	D	0.01%
FLS	B	0.01%
FLO	D	0.01%
EW	C	0.01%
BBY	D	0.01%
ALL	A	0.01%
BAX	D	0.01%
AIZ	A	0.01%
CMI	A	0.01%
CME	A	0.01%
AVB	B	0.01%
AGR	B	0.01%
AGO	B	0.01%
ATO	A	0.01%
CINF	A	0.01%
AEE	A	0.01%
ARW	D	0.01%
ADC	B	0.01%
ACGL	D	0.01%
BKU	A	0.01%
AAT	B	0.01%
OGE	B	0.01%
NVT	B	0.01%
MCO	B	0.01%
NUE	C	0.01%
GPC	D	0.01%
GP	F	0.01%
HR	C	0.01%
HP	B	0.01%
INTU	C	0.01%
HIW	D	0.01%
GILD	C	0.01%
JD	D	0.01%
IEX	B	0.01%
GXO	B	0.01%
EPR	D	0.01%
DHR	F	0.01%
DHI	D	0.01%
FTNT	C	0.01%
FRT	B	0.01%
STE	F	0.01%
WTRG	B	0.01%
RYN	D	0.01%
ROK	B	0.01%
RF	A	0.01%
SBRA	C	0.01%
REG	B	0.01%
PRE	D	0.01%
MAS	D	0.01%
NHI	D	0.01%
NEU	C	0.01%
MLM	B	0.01%
MHK	D	0.01%
LIN	D	0.01%
CNH	C	0.01%
AYI	B	0.01%
BRO	B	0.01%
BNS	A	0.01%
BKH	A	0.01%
AAL	B	0.01%
BERY	B	0.01%
AMCR	D	0.01%
CP	D	0.01%
UDR	B	0.01%
WBA	F	0.01%
TD	F	0.01%
TSCO	D	0.01%
SWX	B	0.01%
SWKS	F	0.01%
VOYA	B	0.01%
XYL	D	0.01%
VMC	B	0.01%
KEX	C	0.01%
ITW	B	0.01%
HUBB	B	0.01%
HSY	F	0.01%
HPP	F	0.01%
JNPR	F	0.01%
ILMN	D	0.01%
KSS	F	0.01%
KRC	C	0.01%
EIX	B	0.01%
DVN	F	0.01%
CTVA	C	0.01%
FAF	A	0.01%
EXR	D	0.01%
DRI	B	0.01%
DSS	F	0.01%
NFG	A	0.01%
LLY	F	0.01%
OC	A	0.01%
LEG	F	0.01%
NVR	D	0.01%
MRVL	B	0.01%
NSC	B	0.01%
KIM	A	0.01%
MAA	B	0.01%
ORLY	B	0.01%
LNT	A	0.01%
OMC	C	0.01%
LAZ	B	0.01%
NTRS	A	0.01%
KEYS	A	0.01%
K	A	0.01%
HUN	F	0.01%
HRB	D	0.01%
IPG	D	0.01%
INGR	B	0.01%
HII	D	0.01%
HBAN	A	0.01%
JBL	B	0.01%
KR	B	0.01%
EMR	A	0.01%
DGX	A	0.01%
DE	A	0.01%
ED	D	0.01%
CUBE	D	0.01%
FLEX	A	0.01%
DOW	F	0.01%
FITB	A	0.01%
AL	B	0.01%
CNP	B	0.01%
CMS	C	0.01%
AVY	D	0.01%
ADSK	A	0.01%
CFG	B	0.01%
APD	A	0.01%
UPS	C	0.01%
TGT	F	0.01%
WELL	A	0.01%
TXT	D	0.01%
TT	A	0.01%
SUI	D	0.01%
VFC	C	0.01%
TJX	A	0.01%
WM	A	0.01%
PM	B	0.01%
SJM	D	0.01%
RPRX	D	0.01%
ROP	B	0.01%
PSA	D	0.01%
SO	D	0.01%
NNN	D	0.01%
LNC	B	0.01%
LH	C	0.01%
LEA	D	0.01%
NTAP	C	0.01%
MPC	D	0.01%
KEY	B	0.01%
HUM	C	0.01%
GLPI	C	0.01%
GL	B	0.01%
JEF	A	0.01%
HAS	D	0.01%
H	B	0.01%
KMB	D	0.01%
ESS	B	0.01%
ES	D	0.01%
EQR	B	0.01%
EL	F	0.01%
FNF	B	0.01%
CSL	C	0.01%
EVRG	A	0.01%
ETR	B	0.01%
AZO	C	0.01%
CNA	B	0.01%
AWK	D	0.01%
CLX	B	0.01%
BRX	A	0.01%
AES	F	0.01%
A	D	0.01%
BG	F	0.01%
CBOE	B	0.01%
AN	C	0.01%
TXN	C	0.01%
VTR	C	0.01%
SWK	D	0.01%
ZTS	D	0.01%
STLD	B	0.01%
PSX	C	0.01%
RGA	A	0.01%
SPGI	C	0.01%
AZN	D	0.01%
AFL	B	0.01%
AER	B	0.01%
BLK	C	0.01%
BK	A	0.01%
BHF	B	0.01%
APH	A	0.01%
CCI	D	0.01%
AMAT	F	0.01%
LEN	D	0.01%
MSI	B	0.01%
GPN	B	0.01%
GIS	D	0.01%
ICE	C	0.01%
EQNR	D	0.01%
EQIX	A	0.01%
FDX	B	0.01%
ECL	D	0.01%
NKE	D	0.01%
PAA	B	0.01%
MKC	D	0.01%
MA	C	0.01%
LYB	F	0.01%
MMM	D	0.01%
OHI	C	0.01%
O	D	0.01%
NXPI	D	0.01%
HRL	D	0.01%
UNP	C	0.01%
TDY	B	0.01%
STT	A	0.01%
VLO	C	0.01%
TMO	F	0.01%
WEST	C	0.01%
WHR	B	0.01%
PLD	D	0.01%
RSG	A	0.01%
PG	A	0.01%
FANG	D	0.01%
CSX	B	0.01%
BXP	D	0.01%
XEL	A	0.01%
SRE	A	0.01%
PRU	A	0.01%
PEG	A	0.01%
SBUX	A	0.01%
SPG	B	0.01%
AEP	D	0.01%
AON	A	0.01%
GM	B	0.01%
EQH	B	0.01%
DTE	C	0.01%
FIS	C	0.01%
CAT	B	0.01%
STZ	D	0.01%
EPD	A	0.01%
DG	F	0.01%
DB	D	0.01%
COF	B	0.01%
MO	A	0.01%
OTIS	C	0.01%
OKE	A	0.01%
LHX	C	0.01%
MDLZ	F	0.01%
KDP	D	0.01%
WMB	A	0.01%
V	A	0.01%
SHW	A	0.01%
PEP	F	0.01%
DUK	C	0.01%
EXC	C	0.01%
AMT	D	0.01%
COP	C	0.01%
USB	A	0.01%
HON	B	0.01%
JNJ	D	0.01%
HD	A	0.01%
D	C	0.01%
CVX	A	0.01%
MAR	B	0.01%
LUV	C	0.01%
CPT	B	0.01%
AMGN	D	0.01%
TFC	A	0.01%
PFE	D	0.01%
SCHW	B	0.01%
BKNG	A	0.01%
ARE	D	0.01%
ABT	B	0.01%
INTC	D	0.01%
HES	B	0.01%
KO	D	0.01%
PNC	B	0.01%
DIS	B	0.01%
LOW	D	0.01%
UNH	C	0.01%
AIG	B	0.01%
KMI	A	0.01%
WMT	A	0.01%
AAPL	C	0.01%
BDX	F	0.01%
DELL	C	0.01%
NEE	D	0.01%
XOM	B	0.01%
CI	F	0.01%
COST	B	0.01%
RTX	C	0.01%
IBM	C	0.01%
UAL	A	0.01%
ORCL	B	0.01%
PCG	A	0.01%
AVGO	D	0.01%
CVS	D	0.01%
GS	A	0.01%
T	A	0.01%
JPM	A	0.01%
HSBC	B	0.01%
VZ	C	0.01%
BMY	B	0.01%
CMCSA	B	0.01%
BA	F	0.01%
C	A	0.01%
BAC	A	0.01%

BIV Underweight 54 Positions Relative to QEMM

Symbol	Grade	Weight
PDD	F	-1.32%
VALE	F	-1.15%
INFY	B	-1.07%
CHT	D	-0.49%
ABEV	F	-0.28%
BAP	B	-0.25%
HDB	C	-0.25%
SCCO	F	-0.25%
SHG	D	-0.22%
KB	B	-0.21%
SKM	D	-0.18%
RDY	F	-0.17%
VIPS	F	-0.17%
PBR	C	-0.16%
IBN	C	-0.15%
ITUB	F	-0.15%
IBN	C	-0.14%
QFIN	B	-0.12%
UMC	F	-0.1%
BVN	F	-0.1%
KEP	B	-0.09%
YUMC	C	-0.09%
KB	B	-0.09%
PKX	F	-0.08%
KEP	B	-0.06%
TCOM	B	-0.06%
LEGN	F	-0.05%
GGB	C	-0.05%
SBSW	D	-0.04%
SHG	D	-0.03%
SBS	B	-0.03%
SUZ	C	-0.03%
VALE	F	-0.03%
SID	F	-0.02%
BEKE	D	-0.02%
LI	F	-0.02%
ABEV	F	-0.02%
ASAI	F	-0.02%
UGP	F	-0.02%
CSAN	F	-0.02%
LPL	F	-0.02%
ATHM	D	-0.01%
SQM	F	-0.01%
BGNE	D	-0.01%
BSAC	F	-0.01%
CIG	C	-0.01%
LPL	F	-0.01%
XPEV	C	-0.01%
BCH	F	-0.01%
VIV	F	-0.01%
CIB	B	-0.01%
NIO	F	-0.0%
ENIC	D	-0.0%
IQ	F	-0.0%