IWL vs. QVML ETF Comparison

Comparison of iShares Russell Top 200 ETF (IWL) to Invesco S&P 500 QVM Multi-factor ETF (QVML)

IWL

iShares Russell Top 200 ETF

IWL Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Top 200Â® Index (the "underlying index"), which is a float-adjusted, capitalization-weighted index that measures the performance of the largest capitalization sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$145.80

Average Daily Volume

47,760

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

QVML

Invesco S&P 500 QVM Multi-factor ETF

QVML Description

The investment seeks to track the investment results of the S&P 500 Â® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). The fund generally 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 500 Â® 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

$35.09

Average Daily Volume

1,389

Number of Holdings ^*

446

* may have additional holdings in another (foreign) market

Performance

Period	IWL	QVML
30 Days	2.69%	2.14%
60 Days	6.33%	5.74%
90 Days	7.67%	7.09%
12 Months	34.98%	34.34%

170 Overlapping Holdings

Symbol	Grade	Weight in IWL	Weight in QVML	Overlap
AAPL	C	7.68%	7.06%	7.06%
ABBV	F	0.82%	0.75%	0.75%
ABNB	C	0.14%	0.14%	0.14%
ABT	C	0.47%	0.41%	0.41%
ACN	B	0.52%	0.46%	0.46%
ADBE	C	0.51%	0.46%	0.46%
ADI	D	0.26%	0.25%	0.25%
ADP	A	0.29%	0.26%	0.26%
ADSK	B	0.15%	0.14%	0.14%
AEP	D	0.12%	0.1%	0.1%
AIG	B	0.11%	0.11%	0.11%
AMAT	F	0.37%	0.36%	0.36%
AMD	F	0.55%	0.5%	0.5%
AMZN	A	4.5%	3.9%	3.9%
ANET	C	0.24%	0.24%	0.24%
AON	B	0.18%	0.17%	0.17%
APH	B	0.2%	0.2%	0.2%
AVGO	C	1.94%	1.73%	1.73%
AXP	B	0.38%	0.35%	0.35%
AZO	B	0.12%	0.12%	0.12%
BAC	A	0.71%	0.67%	0.67%
BDX	F	0.16%	0.14%	0.14%
BKNG	A	0.39%	0.36%	0.36%
BRK.A	B	1.98%	1.83%	1.83%
BSX	A	0.3%	0.26%	0.26%
BX	A	0.29%	0.26%	0.26%
C	B	0.31%	0.3%	0.3%
CARR	C	0.15%	0.13%	0.13%
CAT	B	0.45%	0.44%	0.44%
CB	C	0.26%	0.24%	0.24%
CDNS	B	0.19%	0.17%	0.17%
CEG	D	0.18%	0.17%	0.17%
CI	D	0.21%	0.19%	0.19%
CL	F	0.18%	0.16%	0.16%
CMCSA	B	0.39%	0.37%	0.37%
CME	B	0.19%	0.17%	0.17%
CMG	B	0.19%	0.17%	0.17%
COF	B	0.16%	0.16%	0.16%
COP	C	0.3%	0.31%	0.3%
COST	B	0.97%	0.84%	0.84%
CPRT	A	0.11%	0.11%	0.11%
CRM	B	0.7%	0.64%	0.64%
CRWD	B	0.17%	0.17%	0.17%
CSCO	A	0.55%	0.51%	0.51%
CSX	B	0.16%	0.15%	0.15%
CTAS	B	0.18%	0.16%	0.16%
CVS	F	0.16%	0.15%	0.15%
CVX	A	0.63%	0.6%	0.6%
D	D	0.11%	0.1%	0.1%
DE	D	0.23%	0.22%	0.22%
DHR	F	0.37%	0.34%	0.34%
DIS	B	0.42%	0.39%	0.39%
DUK	D	0.2%	0.18%	0.18%
ECL	C	0.15%	0.13%	0.13%
ELV	F	0.23%	0.21%	0.21%
EMR	A	0.17%	0.16%	0.16%
EOG	A	0.18%	0.17%	0.17%
ETN	B	0.34%	0.31%	0.31%
EW	F	0.09%	0.09%	0.09%
F	C	0.1%	0.1%	0.1%
FCX	F	0.15%	0.16%	0.15%
FDX	B	0.15%	0.14%	0.14%
FI	A	0.28%	0.26%	0.26%
FTNT	B	0.13%	0.11%	0.11%
GD	C	0.2%	0.15%	0.15%
GE	D	0.47%	0.43%	0.43%
GEV	B	0.22%	0.19%	0.19%
GILD	B	0.28%	0.25%	0.25%
GM	B	0.15%	0.15%	0.15%
GOOG	C	2.06%	4.43%	2.06%
GS	B	0.43%	0.43%	0.43%
HCA	D	0.16%	0.15%	0.15%
HD	B	0.94%	0.82%	0.82%
HON	B	0.33%	0.3%	0.3%
IBM	D	0.46%	0.4%	0.4%
ICE	C	0.21%	0.19%	0.19%
INTC	C	0.26%	0.26%	0.26%
INTU	A	0.44%	0.39%	0.39%
ISRG	A	0.44%	0.39%	0.39%
ITW	B	0.19%	0.16%	0.16%
JCI	A	0.13%	0.12%	0.12%
JNJ	D	0.87%	0.8%	0.8%
JPM	A	1.58%	1.54%	1.54%
KDP	C	0.09%	0.07%	0.07%
KHC	F	0.07%	0.05%	0.05%
KKR	B	0.24%	0.22%	0.22%
KLAC	F	0.22%	0.21%	0.21%
KMB	D	0.1%	0.09%	0.09%
KO	F	0.58%	0.53%	0.53%
LIN	D	0.51%	0.48%	0.48%
LLY	F	1.55%	1.39%	1.39%
LMT	D	0.28%	0.25%	0.25%
LRCX	F	0.24%	0.23%	0.23%
LULU	B	0.09%	0.08%	0.08%
MA	B	1.01%	0.88%	0.88%
MCK	B	0.19%	0.18%	0.18%
MCO	C	0.18%	0.16%	0.16%
MDLZ	F	0.21%	0.18%	0.18%
MDT	D	0.26%	0.24%	0.24%
MET	C	0.11%	0.1%	0.1%
META	B	3.01%	2.77%	2.77%
MMC	D	0.26%	0.23%	0.23%
MMM	C	0.17%	0.16%	0.16%
MNST	B	0.09%	0.08%	0.08%
MO	A	0.22%	0.19%	0.19%
MPC	D	0.13%	0.13%	0.13%
MRK	F	0.61%	0.55%	0.55%
MRNA	F	0.04%	0.03%	0.03%
MS	A	0.35%	0.36%	0.35%
MSFT	C	7.32%	6.53%	6.53%
MSI	B	0.19%	0.17%	0.17%
MU	D	0.29%	0.28%	0.28%
NEE	D	0.37%	0.31%	0.31%
NFLX	A	0.79%	0.74%	0.74%
NKE	F	0.21%	0.2%	0.2%
NOC	D	0.17%	0.15%	0.15%
NOW	A	0.48%	0.42%	0.42%
NSC	B	0.14%	0.13%	0.13%
NVDA	A	8.04%	7.83%	7.83%
OXY	F	0.08%	0.08%	0.08%
PANW	B	0.28%	0.28%	0.28%
PCAR	B	0.14%	0.13%	0.13%
PEP	D	0.53%	0.46%	0.46%
PG	C	0.92%	0.8%	0.8%
PGR	A	0.36%	0.32%	0.32%
PH	A	0.21%	0.19%	0.19%
PLD	D	0.25%	0.22%	0.22%
PM	B	0.46%	0.4%	0.4%
PNC	B	0.19%	0.18%	0.18%
PSA	D	0.12%	0.11%	0.11%
PSX	C	0.12%	0.13%	0.12%
PYPL	A	0.2%	0.19%	0.19%
QCOM	F	0.44%	0.43%	0.43%
REGN	F	0.2%	0.19%	0.19%
ROP	A	0.14%	0.13%	0.13%
RSG	B	0.1%	0.09%	0.09%
RTX	D	0.38%	0.35%	0.35%
SCHW	B	0.26%	0.23%	0.23%
SHW	A	0.21%	0.19%	0.19%
SLB	C	0.14%	0.14%	0.14%
SNPS	C	0.2%	0.2%	0.2%
SO	D	0.23%	0.19%	0.19%
SPGI	C	0.37%	0.33%	0.33%
SRE	B	0.13%	0.12%	0.12%
STZ	D	0.09%	0.08%	0.08%
SYK	A	0.32%	0.26%	0.26%
T	A	0.37%	0.31%	0.31%
TFC	B	0.14%	0.14%	0.14%
TGT	C	0.16%	0.15%	0.15%
TJX	A	0.31%	0.28%	0.28%
TMO	F	0.49%	0.44%	0.44%
TMUS	A	0.26%	0.25%	0.25%
TRV	B	0.14%	0.12%	0.12%
TT	B	0.22%	0.19%	0.19%
TXN	B	0.47%	0.44%	0.44%
UBER	F	0.34%	0.33%	0.33%
UNH	B	1.32%	1.17%	1.17%
UNP	D	0.34%	0.32%	0.32%
UPS	C	0.22%	0.2%	0.2%
USB	B	0.18%	0.17%	0.17%
V	A	1.13%	0.98%	0.98%
VLO	C	0.1%	0.1%	0.1%
VRTX	B	0.31%	0.28%	0.28%
VZ	D	0.4%	0.34%	0.34%
WELL	B	0.19%	0.16%	0.16%
WFC	A	0.57%	0.55%	0.55%
WM	A	0.21%	0.17%	0.17%
WMT	A	0.86%	0.73%	0.73%
XOM	B	1.27%	1.22%	1.22%
ZTS	D	0.19%	0.16%	0.16%

IWL Overweight 27 Positions Relative to QVML

Symbol	Grade	Weight
GOOGL	C	2.44%
TSLA	B	2.08%
ORCL	A	0.69%
MCD	C	0.5%
AMGN	F	0.41%
BLK	A	0.36%
LOW	B	0.36%
PFE	F	0.35%
BMY	B	0.26%
SBUX	B	0.26%
BA	F	0.24%
AMT	F	0.22%
APO	B	0.2%
EQIX	B	0.2%
MRVL	B	0.19%
TDG	D	0.17%
APD	B	0.16%
CRH	B	0.16%
ORLY	A	0.16%
MAR	A	0.15%
DASH	A	0.14%
WDAY	B	0.13%
NEM	F	0.12%
DELL	C	0.09%
TEAM	B	0.09%
SNOW	C	0.09%
EL	F	0.03%

IWL Underweight 276 Positions Relative to QVML

Symbol	Grade	Weight
WMB	B	-0.15%
NXPI	F	-0.14%
URI	B	-0.13%
OKE	A	-0.13%
AJG	A	-0.13%
DLR	C	-0.12%
AMP	A	-0.12%
AFL	C	-0.12%
BK	B	-0.12%
SPG	A	-0.12%
LHX	B	-0.11%
DHI	D	-0.11%
ALL	B	-0.11%
GWW	B	-0.11%
CMI	A	-0.11%
KMI	B	-0.11%
RCL	A	-0.11%
BKR	B	-0.1%
PAYX	B	-0.1%
FAST	B	-0.1%
PRU	B	-0.1%
DFS	B	-0.1%
VST	B	-0.1%
ROST	D	-0.1%
FIS	B	-0.1%
O	D	-0.1%
PWR	B	-0.1%
CHTR	B	-0.09%
KR	A	-0.09%
PEG	C	-0.09%
CTSH	A	-0.09%
EA	A	-0.09%
IT	B	-0.09%
COR	B	-0.09%
KVUE	A	-0.09%
IQV	F	-0.09%
A	F	-0.09%
TRGP	B	-0.09%
CTVA	C	-0.09%
NUE	D	-0.09%
MCHP	F	-0.09%
IR	A	-0.09%
LEN	D	-0.09%
HES	B	-0.09%
PCG	A	-0.09%
HWM	B	-0.09%
AME	A	-0.09%
MTB	A	-0.08%
WAB	B	-0.08%
GIS	F	-0.08%
DOW	F	-0.08%
GEHC	D	-0.08%
EXC	C	-0.08%
GLW	B	-0.08%
DAL	A	-0.08%
HUM	D	-0.08%
FANG	C	-0.08%
DD	D	-0.08%
ACGL	C	-0.08%
SYY	D	-0.08%
CBRE	B	-0.08%
MPWR	F	-0.08%
MLM	B	-0.08%
VRSK	A	-0.08%
VMC	B	-0.08%
ODFL	B	-0.08%
ANSS	B	-0.07%
XYL	F	-0.07%
AVB	B	-0.07%
VICI	D	-0.07%
NDAQ	B	-0.07%
EIX	C	-0.07%
GRMN	A	-0.07%
FITB	A	-0.07%
HPE	B	-0.07%
WTW	A	-0.07%
ED	D	-0.07%
ROK	B	-0.07%
AXON	B	-0.07%
ON	F	-0.07%
EFX	F	-0.07%
HIG	C	-0.07%
HPQ	B	-0.07%
EXR	D	-0.07%
IDXX	F	-0.07%
XEL	A	-0.07%
RMD	C	-0.07%
CNC	F	-0.07%
NTAP	D	-0.06%
BR	A	-0.06%
HBAN	A	-0.06%
TYL	B	-0.06%
FTV	C	-0.06%
ADM	F	-0.06%
LDOS	C	-0.06%
BRO	B	-0.06%
TROW	A	-0.06%
DVN	F	-0.06%
GDDY	B	-0.06%
PHM	D	-0.06%
DECK	B	-0.06%
DOV	A	-0.06%
SYF	B	-0.06%
CDW	F	-0.06%
CAH	B	-0.06%
GPN	B	-0.06%
HAL	C	-0.06%
WEC	B	-0.06%
NVR	D	-0.06%
KEYS	C	-0.06%
RJF	A	-0.06%
TTWO	A	-0.06%
TSCO	D	-0.06%
SW	B	-0.06%
CSGP	F	-0.06%
STT	B	-0.06%
EBAY	C	-0.06%
PPG	F	-0.06%
ETR	B	-0.06%
PKG	B	-0.05%
BLDR	C	-0.05%
NTRS	A	-0.05%
CFG	B	-0.05%
AEE	B	-0.05%
WY	F	-0.05%
TDY	B	-0.05%
IFF	F	-0.05%
WDC	D	-0.05%
LYB	F	-0.05%
CINF	A	-0.05%
VLTO	D	-0.05%
EXPE	B	-0.05%
WBD	B	-0.05%
PPL	A	-0.05%
CCL	B	-0.05%
STLD	C	-0.05%
PTC	B	-0.05%
EQR	C	-0.05%
WAT	B	-0.05%
DTE	D	-0.05%
WST	B	-0.05%
ZBH	C	-0.05%
EQT	B	-0.05%
RF	A	-0.05%
HSY	F	-0.05%
VTR	C	-0.05%
CHD	A	-0.05%
AWK	D	-0.05%
CPAY	A	-0.05%
HUBB	C	-0.05%
UAL	A	-0.05%
AKAM	F	-0.04%
AVY	F	-0.04%
EXPD	C	-0.04%
PNR	A	-0.04%
TSN	B	-0.04%
FDS	A	-0.04%
DG	F	-0.04%
TXT	D	-0.04%
JBL	C	-0.04%
BAX	F	-0.04%
TER	F	-0.04%
ARE	F	-0.04%
DGX	B	-0.04%
MAA	C	-0.04%
MRO	B	-0.04%
BBY	C	-0.04%
ULTA	C	-0.04%
MAS	D	-0.04%
GPC	D	-0.04%
BALL	D	-0.04%
IEX	B	-0.04%
CNP	B	-0.04%
MKC	D	-0.04%
ESS	C	-0.04%
HOLX	D	-0.04%
WRB	B	-0.04%
LUV	B	-0.04%
SNA	A	-0.04%
PFG	C	-0.04%
J	D	-0.04%
CTRA	B	-0.04%
KEY	B	-0.04%
CMS	D	-0.04%
INVH	D	-0.04%
FSLR	F	-0.04%
MOH	F	-0.04%
DRI	B	-0.04%
CBOE	D	-0.04%
ATO	B	-0.04%
IP	B	-0.04%
ZBRA	B	-0.04%
OMC	A	-0.04%
STE	D	-0.04%
FE	D	-0.04%
ES	D	-0.04%
NRG	C	-0.04%
K	A	-0.04%
LH	B	-0.04%
IPG	F	-0.03%
GNRC	B	-0.03%
REG	A	-0.03%
DAY	B	-0.03%
EMN	D	-0.03%
SMCI	F	-0.03%
ALLE	D	-0.03%
UDR	C	-0.03%
JNPR	D	-0.03%
BG	D	-0.03%
UHS	D	-0.03%
JKHY	C	-0.03%
CPT	C	-0.03%
EPAM	B	-0.03%
HST	D	-0.03%
CHRW	A	-0.03%
CAG	F	-0.03%
KMX	B	-0.03%
INCY	B	-0.03%
EVRG	A	-0.03%
ROL	C	-0.03%
LNT	C	-0.03%
FFIV	B	-0.03%
POOL	D	-0.03%
SWK	F	-0.03%
RVTY	C	-0.03%
NI	A	-0.03%
AMCR	D	-0.03%
L	A	-0.03%
JBHT	C	-0.03%
SWKS	F	-0.03%
NWSA	B	-0.03%
DOC	C	-0.03%
KIM	A	-0.03%
ALGN	D	-0.03%
EG	D	-0.03%
APTV	F	-0.03%
GEN	B	-0.03%
FOXA	A	-0.03%
CF	B	-0.03%
DLTR	F	-0.03%
VTRS	B	-0.03%
QRVO	F	-0.02%
DVA	C	-0.02%
MHK	D	-0.02%
FMC	F	-0.02%
FRT	B	-0.02%
HII	F	-0.02%
RL	B	-0.02%
IVZ	B	-0.02%
BWA	B	-0.02%
CPB	F	-0.02%
CZR	F	-0.02%
TFX	F	-0.02%
HRL	F	-0.02%
GL	B	-0.02%
APA	F	-0.02%
HSIC	F	-0.02%
CE	F	-0.02%
AOS	F	-0.02%
MKTX	C	-0.02%
SOLV	C	-0.02%
MGM	D	-0.02%
PNW	A	-0.02%
TAP	B	-0.02%
MOS	D	-0.02%
PAYC	B	-0.02%
LKQ	C	-0.02%
CRL	C	-0.02%
AIZ	A	-0.02%
NCLH	B	-0.02%
LW	B	-0.02%
TPR	A	-0.02%
BXP	D	-0.02%
PARA	B	-0.01%
BEN	C	-0.01%
WBA	D	-0.01%