IVOG vs. QVMM ETF Comparison

Comparison of Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) to Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM)

IVOG

Vanguard S&P Mid-Cap 400 Growth ETF

IVOG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization growth stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400® Growth Index, which represents the growth companies of the S&P MidCap 400 Index. The index measures the performance of mid-capitalization growth stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$107.36

Average Daily Volume

27,707

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

QVMM

Invesco S&P MidCap 400 QVM Multi-factor ETF

QVMM Description

The investment seeks to track the investment results of the S&P MidCap 400 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P MidCap 400 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$27.22

Average Daily Volume

3,914

Number of Holdings ^*

352

* may have additional holdings in another (foreign) market

Performance

Period	IVOG	QVMM
30 Days	1.55%	2.39%
60 Days	-1.43%	1.37%
90 Days	-1.11%	0.68%
12 Months	17.22%	15.60%

215 Overlapping Holdings

	Symbol	Grade	Weight in IVOG	Weight in QVMM	Overlap
	AAON	C	0.41%	0.25%	0.25%
	ACHC	B	0.41%	0.3%	0.3%
	ACM	B	0.39%	0.53%	0.39%
	AIT	C	0.57%	0.31%	0.31%
	ALGM	F	0.05%	0.07%	0.05%
	ALV	D	0.3%	0.33%	0.3%
	AM	C	0.19%	0.2%	0.19%
	AMH	A	0.47%	0.51%	0.47%
	APPF	D	0.32%	0.18%	0.18%
	ATR	A	0.39%	0.4%	0.39%
	AXTA	C	0.53%	0.31%	0.31%
	AYI	C	0.27%	0.3%	0.27%
	AZTA	F	0.15%	0.1%	0.1%
	BC	D	0.23%	0.23%	0.23%
	BCO	B	0.33%	0.2%	0.2%
	BLD	D	1.03%	0.49%	0.49%
	BLKB	B	0.14%	0.14%	0.14%
	BRBR	A	0.24%	0.29%	0.24%
	BRKR	C	0.27%	0.24%	0.24%
	BRX	A	0.23%	0.32%	0.23%
	BWXT	C	0.62%	0.38%	0.38%
	BYD	B	0.28%	0.16%	0.16%
	CACI	B	0.26%	0.43%	0.26%
	CASY	C	0.98%	0.46%	0.46%
	CBSH	B	0.21%	0.31%	0.21%
	CBT	B	0.25%	0.23%	0.23%
	CCK	A	0.34%	0.44%	0.34%
	CELH	F	0.47%	0.28%	0.28%
	CFR	C	0.21%	0.29%	0.21%
	CG	D	0.35%	0.36%	0.35%
	CGNX	D	0.25%	0.28%	0.25%
	CHE	C	0.35%	0.35%	0.35%
	CHRD	F	0.72%	0.39%	0.39%
	CHX	D	0.3%	0.24%	0.24%
	CIEN	B	0.21%	0.32%	0.21%
	CIVI	F	0.44%	0.24%	0.24%
	CLH	C	0.81%	0.48%	0.48%
	CNM	F	0.35%	0.36%	0.35%
	CNX	B	0.28%	0.16%	0.16%
	COKE	B	0.36%	0.23%	0.23%
	COLM	B	0.09%	0.12%	0.09%
	COTY	F	0.25%	0.14%	0.14%
	CPRI	C	0.13%	0.17%	0.13%
	CR	C	0.54%	0.31%	0.31%
	CROX	C	0.55%	0.34%	0.34%
	CRUS	C	0.27%	0.28%	0.27%
	CSL	C	1.35%	0.81%	0.81%
	CUBE	A	0.4%	0.45%	0.4%
	CVLT	B	0.27%	0.24%	0.24%
	CW	B	0.5%	0.5%	0.5%
	DBX	D	0.39%	0.26%	0.26%
	DCI	C	0.35%	0.34%	0.34%
	DKS	C	0.45%	0.56%	0.45%
	DLB	F	0.18%	0.17%	0.17%
	DOCS	B	0.12%	0.16%	0.12%
	DT	A	0.72%	0.46%	0.46%
	DTM	B	0.31%	0.29%	0.29%
	DUOL	B	0.43%	0.28%	0.28%
	EEFT	D	0.16%	0.2%	0.16%
	EGP	B	0.38%	0.34%	0.34%
	EHC	B	0.29%	0.37%	0.29%
	ELF	F	0.65%	0.31%	0.31%
	EME	C	1.2%	0.74%	0.74%
	ENS	D	0.13%	0.16%	0.13%
	EPR	B	0.14%	0.15%	0.14%
	EQH	C	0.48%	0.53%	0.48%
	ERIE	A	0.43%	0.51%	0.43%
	ESAB	D	0.39%	0.24%	0.24%
	EVR	B	0.42%	0.35%	0.35%
	EWBC	C	0.45%	0.48%	0.45%
	EXEL	B	0.46%	0.3%	0.3%
	EXLS	B	0.22%	0.24%	0.22%
	EXP	B	0.64%	0.35%	0.35%
	EXPO	B	0.19%	0.21%	0.19%
	FCN	C	0.52%	0.31%	0.31%
	FFIN	B	0.13%	0.2%	0.13%
	FIX	C	0.8%	0.5%	0.5%
	FLS	C	0.2%	0.26%	0.2%
	FND	C	0.71%	0.45%	0.45%
	FR	B	0.24%	0.29%	0.24%
	GATX	C	0.12%	0.21%	0.12%
	GGG	D	0.98%	0.55%	0.55%
	GLPI	A	0.4%	0.56%	0.4%
	GNTX	D	0.31%	0.29%	0.29%
	GXO	D	0.29%	0.23%	0.23%
	H	C	0.45%	0.26%	0.26%
	HAE	F	0.19%	0.15%	0.15%
	HALO	B	0.48%	0.29%	0.29%
	HGV	D	0.12%	0.11%	0.11%
	HLI	B	0.53%	0.33%	0.33%
	HQY	D	0.24%	0.26%	0.24%
	HRB	B	0.55%	0.33%	0.33%
	HWC	C	0.17%	0.19%	0.17%
	HXL	F	0.18%	0.22%	0.18%
	IBKR	B	0.51%	0.56%	0.51%
	IBOC	C	0.11%	0.14%	0.11%
	IDA	A	0.13%	0.21%	0.13%
	INGR	A	0.2%	0.35%	0.2%
	IPGP	F	0.07%	0.08%	0.07%
	ITT	C	0.79%	0.46%	0.46%
	JAZZ	D	0.2%	0.27%	0.2%
	KBH	B	0.21%	0.24%	0.21%
	KBR	C	0.28%	0.37%	0.28%
	KEX	D	0.2%	0.29%	0.2%
	KNF	C	0.22%	0.17%	0.17%
	KNSL	B	0.69%	0.42%	0.42%
	LAMR	B	0.41%	0.43%	0.41%
	LANC	D	0.13%	0.13%	0.13%
	LECO	F	0.79%	0.45%	0.45%
	LFUS	C	0.31%	0.26%	0.26%
	LII	C	1.27%	0.7%	0.7%
	LIVN	D	0.07%	0.12%	0.07%
	LNTH	C	0.49%	0.29%	0.29%
	LNW	B	0.66%	0.39%	0.39%
	LOPE	D	0.31%	0.17%	0.17%
	LPX	B	0.28%	0.24%	0.24%
	LSCC	F	0.5%	0.3%	0.3%
	LSTR	D	0.31%	0.25%	0.25%
	MANH	B	1.07%	0.61%	0.61%
	MASI	D	0.2%	0.19%	0.19%
	MAT	C	0.2%	0.27%	0.2%
	MEDP	D	0.61%	0.31%	0.31%
	MIDD	D	0.25%	0.29%	0.25%
	MKSI	F	0.26%	0.27%	0.26%
	MMS	C	0.28%	0.21%	0.21%
	MORN	C	0.56%	0.32%	0.32%
	MP	C	0.05%	0.08%	0.05%
	MSA	D	0.47%	0.27%	0.27%
	MSM	D	0.15%	0.15%	0.15%
	MTDR	F	0.48%	0.26%	0.26%
	MTG	B	0.17%	0.27%	0.17%
	MTSI	D	0.24%	0.22%	0.22%
	MUR	F	0.18%	0.23%	0.18%
	MUSA	B	0.65%	0.35%	0.35%
	NBIX	D	0.97%	0.5%	0.5%
	NEU	D	0.26%	0.15%	0.15%
	NNN	A	0.21%	0.33%	0.21%
	NOVT	C	0.26%	0.25%	0.25%
	NSA	A	0.1%	0.13%	0.1%
	NSP	F	0.12%	0.13%	0.12%
	NVT	F	0.82%	0.44%	0.44%
	NYT	C	0.6%	0.35%	0.35%
	OC	D	1.1%	0.59%	0.59%
	OHI	A	0.25%	0.38%	0.25%
	OLED	D	0.66%	0.28%	0.28%
	OLLI	D	0.41%	0.21%	0.21%
	OLN	F	0.15%	0.22%	0.15%
	ONTO	D	0.64%	0.39%	0.39%
	OPCH	A	0.19%	0.24%	0.19%
	OVV	F	0.79%	0.45%	0.45%
	OZK	D	0.17%	0.2%	0.17%
	PCTY	C	0.44%	0.28%	0.28%
	PK	D	0.22%	0.13%	0.13%
	PNFP	B	0.21%	0.31%	0.21%
	POWI	F	0.14%	0.15%	0.14%
	PR	D	0.54%	0.3%	0.3%
	PRI	B	0.59%	0.36%	0.36%
	PSTG	F	1.24%	0.54%	0.54%
	QLYS	F	0.37%	0.18%	0.18%
	RBC	C	0.57%	0.36%	0.36%
	REXR	B	0.29%	0.42%	0.29%
	RGEN	C	0.59%	0.32%	0.32%
	RGLD	C	0.32%	0.38%	0.32%
	RLI	B	0.27%	0.25%	0.25%
	RMBS	F	0.38%	0.18%	0.18%
	RNR	A	0.46%	0.54%	0.46%
	RPM	A	0.57%	0.59%	0.57%
	RRC	F	0.51%	0.28%	0.28%
	RS	D	1.19%	0.69%	0.69%
	RYN	B	0.11%	0.16%	0.11%
	SAIA	D	0.75%	0.34%	0.34%
	SAIC	B	0.15%	0.3%	0.15%
	SAM	D	0.08%	0.11%	0.08%
	SCI	B	0.4%	0.45%	0.4%
	SEIC	D	0.23%	0.27%	0.23%
	SFM	B	0.28%	0.44%	0.28%
	SIGI	D	0.21%	0.23%	0.21%
	SKX	B	0.59%	0.34%	0.34%
	SLAB	D	0.26%	0.15%	0.15%
	SLM	D	0.14%	0.2%	0.14%
	SSD	D	0.55%	0.3%	0.3%
	STAG	B	0.25%	0.28%	0.25%
	SWN	F	0.48%	0.29%	0.29%
	SYNA	F	0.1%	0.12%	0.1%
	TDC	F	0.21%	0.1%	0.1%
	TEX	D	0.16%	0.16%	0.16%
	TKR	D	0.15%	0.22%	0.15%
	TNL	D	0.16%	0.12%	0.12%
	TOL	B	1.01%	0.6%	0.6%
	TPX	D	0.62%	0.36%	0.36%
	TREX	F	0.62%	0.27%	0.27%
	TTC	D	0.33%	0.32%	0.32%
	TTEK	B	0.77%	0.49%	0.49%
	TXRH	D	0.79%	0.45%	0.45%
	UFPI	D	0.55%	0.3%	0.3%
	UTHR	B	0.42%	0.65%	0.42%
	VAL	F	0.33%	0.15%	0.15%
	VC	F	0.1%	0.12%	0.1%
	VNT	F	0.41%	0.22%	0.22%
	VOYA	B	0.2%	0.3%	0.2%
	VVV	D	0.41%	0.21%	0.21%
	WEN	C	0.1%	0.12%	0.1%
	WEX	C	0.52%	0.34%	0.34%
	WFRD	F	0.59%	0.31%	0.31%
	WH	A	0.27%	0.25%	0.25%
	WLK	D	0.32%	0.19%	0.19%
	WMS	D	0.82%	0.43%	0.43%
	WSM	D	1.35%	0.64%	0.64%
	WSO	D	1.06%	0.57%	0.57%
	WTRG	D	0.33%	0.39%	0.33%
	WTS	D	0.39%	0.22%	0.22%
	WWD	D	0.65%	0.39%	0.39%
	XPO	D	0.43%	0.52%	0.43%
	YETI	D	0.15%	0.13%	0.13%
	ZI	F	0.07%	0.11%	0.07%

IVOG Overweight 30 Positions Relative to QVMM

	Symbol	Grade	Weight
	RBA	B	0.99%
	WING	C	0.75%
	SRPT	D	0.73%
	TPL	C	0.72%
	BURL	B	0.68%
	CHDN	D	0.65%
	BMRN	D	0.61%
	ELS	A	0.56%
	AVTR	B	0.52%
	ANF	D	0.51%
	GTLS	F	0.46%
	PLNT	A	0.44%
	PEN	C	0.44%
	RYAN	B	0.43%
	ALTR	D	0.34%
	MTN	C	0.31%
	FIVE	F	0.27%
	ARWR	F	0.24%
	WMG	F	0.22%
	CYTK	F	0.21%
	TKO	B	0.19%
	PGNY	D	0.16%
	RH	F	0.14%
	SHC	A	0.12%
	IRDM	D	0.12%
	CAR	F	0.12%
	CHH	C	0.1%
	SMG	C	0.09%
	AMED	B	0.09%
	WOLF	F	0.08%

IVOG Underweight 137 Positions Relative to QVMM

	Symbol	Grade	Weight
	THC	B	-0.64%
	FNF	B	-0.61%
	RGA	B	-0.58%
	WPC	A	-0.52%
	USFD	B	-0.52%
	JLL	B	-0.47%
	PFGC	B	-0.46%
	ALLY	C	-0.45%
	RRX	D	-0.44%
	UNM	B	-0.43%
	JEF	B	-0.42%
	BJ	D	-0.42%
	FHN	C	-0.38%
	ORI	B	-0.38%
	SNX	D	-0.37%
	GPK	B	-0.36%
	AFG	A	-0.35%
	SF	C	-0.35%
	ARMK	A	-0.35%
	CHK	F	-0.34%
	WBS	D	-0.34%
	X	F	-0.34%
	OGE	B	-0.32%
	FLR	C	-0.32%
	DINO	F	-0.32%
	COHR	C	-0.32%
	KNX	D	-0.32%
	LAD	C	-0.31%
	BERY	B	-0.31%
	AR	F	-0.3%
	SSB	B	-0.3%
	DAR	D	-0.29%
	PB	B	-0.29%
	TMHC	B	-0.29%
	WCC	D	-0.29%
	NOV	F	-0.29%
	ADC	A	-0.29%
	OSK	D	-0.29%
	CLF	F	-0.29%
	ZION	C	-0.29%
	SNV	C	-0.28%
	ARW	B	-0.28%
	LEA	F	-0.27%
	ESNT	B	-0.27%
	FAF	A	-0.27%
	CMC	D	-0.27%
	MTZ	C	-0.27%
	WTFC	B	-0.27%
	ONB	C	-0.26%
	G	B	-0.26%
	FYBR	A	-0.26%
	STWD	C	-0.25%
	AA	F	-0.25%
	R	C	-0.25%
	PVH	F	-0.24%
	POST	B	-0.24%
	ST	D	-0.24%
	AMG	C	-0.24%
	NFG	B	-0.23%
	THO	C	-0.23%
	UGI	C	-0.23%
	SON	A	-0.23%
	NXST	D	-0.23%
	AGCO	F	-0.23%
	CADE	C	-0.23%
	XRAY	D	-0.22%
	VMI	C	-0.22%
	KD	D	-0.22%
	KRG	B	-0.22%
	THG	A	-0.22%
	FNB	C	-0.22%
	MDU	D	-0.21%
	GAP	F	-0.21%
	UBSI	B	-0.21%
	HOMB	B	-0.21%
	COLB	B	-0.21%
	GBCI	B	-0.21%
	WHR	D	-0.21%
	VNO	B	-0.21%
	JHG	B	-0.2%
	AVT	C	-0.2%
	HOG	B	-0.2%
	POR	B	-0.2%
	SRCL	A	-0.19%
	SWX	D	-0.18%
	AN	C	-0.18%
	UMBF	B	-0.18%
	NJR	A	-0.18%
	FLO	A	-0.18%
	PII	D	-0.18%
	ASGN	D	-0.18%
	BKH	A	-0.17%
	M	F	-0.17%
	WU	C	-0.17%
	CUZ	A	-0.17%
	IRT	B	-0.17%
	SLGN	B	-0.17%
	BDC	B	-0.17%
	AVNT	B	-0.17%
	ASH	D	-0.17%
	CNO	B	-0.16%
	KRC	B	-0.16%
	SBRA	A	-0.16%
	PCH	C	-0.15%
	SR	B	-0.15%
	VLY	C	-0.15%
	KMPR	C	-0.15%
	PRGO	C	-0.15%
	OGS	B	-0.15%
	PBF	F	-0.15%
	CNXC	C	-0.14%
	NWE	A	-0.14%
	ASB	C	-0.14%
	ALE	A	-0.14%
	MAN	D	-0.14%
	BHF	D	-0.13%
	TCBI	A	-0.13%
	PAG	C	-0.13%
	NVST	C	-0.13%
	TGNA	D	-0.12%
	UAA	B	-0.12%
	CACC	F	-0.12%
	GHC	C	-0.12%
	AMKR	F	-0.12%
	FHI	B	-0.11%
	RCM	B	-0.11%
	VAC	F	-0.1%
	GT	F	-0.1%
	ENOV	D	-0.1%
	CRI	C	-0.1%
	VSH	F	-0.1%
	JWN	A	-0.09%
	ZD	F	-0.09%
	PPC	B	-0.08%
	ADNT	F	-0.08%
	GEF	D	-0.07%
	HELE	D	-0.05%

IVOG: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Diversified Industrials Oil & Gas E&P Business Services Banks - Regional - US Building Materials Semiconductors Specialty Chemicals REIT - Industrial Engineering & Construction Medical Care Specialty Retail Tools & Accessories Diagnostics & Research Lodging Scientific & Technical Instruments Semiconductor Equipment & Materials Aerospace & Defense Asset Management

Keywords: Mining Electronics Aerospace Chemical Construction Banking Insurance Natural Gas Real Estate Investment Trust Building Materials Computing Semiconductor IBD 50 Medicine Oil And Gas Bank Beverage Biotechnology Telecommunications Applied Sciences

QVMM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Diversified Industrials Software - Application Business Services Building Materials Packaging & Containers Semiconductors Asset Management Engineering & Construction Specialty Chemicals Biotechnology Packaged Foods REIT - Diversified REIT - Industrial Scientific & Technical Instruments Apparel Manufacturing Auto Parts Insurance - Property & Casualty Medical Care

Keywords: Bank Banking Mining Natural Gas Chemical Insurance Real Estate Investment Trust Electronics Aerospace Semiconductor Beverage Construction Supply Chain Management Computing Deposit Products Telecommunications Commercial Banking Building Materials Insurance Products Oil And Gas