CVMC vs. SPMV ETF Comparison

Comparison of Morgan Stanley ETF Trust Calvert US Mid-Cap Core Responsible Index ETF (CVMC) to Invesco S&P 500 Minimum Variance ETF (SPMV)

CVMC

Morgan Stanley ETF Trust Calvert US Mid-Cap Core Responsible Index ETF

CVMC Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of mid-size companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment.

Grade (RS Rating)

Last Trade

$59.93

Average Daily Volume

4,783

Number of Holdings ^*

* 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

$46.81

Average Daily Volume

463

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVMC	SPMV
30 Days	4.23%	2.64%
60 Days	5.99%	5.65%
90 Days	8.26%	6.21%
12 Months	23.92%	25.68%

3 Overlapping Holdings

Symbol	Grade	Weight in CVMC	Weight in SPMV	Overlap
ALL	B	0.5%	1.22%	0.5%
CCI	C	0.5%	1.48%	0.5%
D	C	0.48%	0.42%	0.42%

CVMC Overweight 7 Positions Relative to SPMV

Symbol	Grade	Weight
ADSK	C	0.58%
FTNT	C	0.52%
BK	B	0.52%
URI	B	0.51%
KMB	D	0.5%
IQV	C	0.48%
TTD	B	0.48%

CVMC Underweight 76 Positions Relative to SPMV

Symbol	Grade	Weight
NEE	C	-4.03%
PGR	B	-3.53%
BRK.A	C	-3.14%
MMC	C	-3.12%
PG	C	-3.04%
CB	B	-2.94%
NVDA	D	-2.93%
MDLZ	B	-2.91%
ORCL	C	-2.87%
LLY	C	-2.79%
AMZN	C	-2.79%
MSFT	C	-2.78%
HD	B	-2.45%
ABT	C	-2.28%
TMUS	C	-2.25%
AAPL	C	-2.25%
ADBE	F	-2.21%
AJG	D	-2.2%
VZ	B	-2.11%
MRK	D	-2.06%
PFE	C	-1.95%
ELV	C	-1.93%
AON	B	-1.93%
AEP	C	-1.88%
INTU	C	-1.87%
GIS	B	-1.85%
VRTX	D	-1.83%
QCOM	D	-1.8%
SRE	C	-1.43%
CRM	D	-1.42%
HSY	C	-1.28%
CEG	C	-1.21%
ADM	D	-1.19%
NOW	B	-1.07%
SNPS	D	-1.04%
REGN	C	-1.0%
MKC	C	-0.91%
RSG	D	-0.83%
MDT	C	-0.83%
AVGO	C	-0.83%
AIG	D	-0.83%
ACGL	C	-0.79%
WRB	C	-0.77%
ISRG	B	-0.72%
RMD	C	-0.71%
IDXX	C	-0.71%
AMGN	B	-0.66%
META	B	-0.65%
CSCO	C	-0.57%
KHC	C	-0.56%
JPM	D	-0.54%
T	C	-0.52%
MRNA	F	-0.5%
GOOG	D	-0.47%
RTX	C	-0.46%
BMY	C	-0.44%
TFC	C	-0.43%
AES	C	-0.43%
TRV	C	-0.42%
HRL	C	-0.41%
EL	F	-0.38%
SJM	C	-0.31%
XOM	C	-0.31%
ACN	C	-0.31%
ES	C	-0.29%
K	B	-0.27%
BDX	D	-0.14%
CAG	C	-0.13%
MTD	D	-0.11%
DUK	C	-0.1%
JNJ	C	-0.06%
ROL	C	-0.06%
ZTS	C	-0.06%
CDNS	D	-0.05%
PODD	B	-0.04%
XEL	B	-0.03%