QVML vs. CSM ETF Comparison

Comparison of Invesco S&P 500 QVM Multi-factor ETF (QVML) to ProShares Large Cap Core Plus (CSM)

QVML

Invesco S&P 500 QVM Multi-factor ETF

QVML Description

The investment seeks to track the investment results of the S&P 500 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). 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 ® 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

$33.92

Average Daily Volume

1,326

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.32

Average Daily Volume

6,508

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

Performance

Period	QVML	CSM
30 Days	4.02%	4.80%
60 Days	10.99%	11.72%
90 Days	3.36%	4.34%
12 Months	37.85%	36.42%

277 Overlapping Holdings

	Symbol	Grade	Weight in QVML	Weight in CSM	Overlap
	A	B	0.09%	0.34%	0.09%
	AAPL	C	7.32%	4.74%	4.74%
	ABBV	C	0.74%	0.41%	0.41%
	ABNB	D	0.13%	0.2%	0.13%
	ABT	C	0.41%	0.06%	0.06%
	ACGL	A	0.1%	0.36%	0.1%
	ACN	B	0.45%	0.05%	0.05%
	ADBE	F	0.5%	0.23%	0.23%
	ADSK	B	0.12%	0.15%	0.12%
	AIZ	B	0.02%	0.32%	0.02%
	AKAM	D	0.03%	0.23%	0.03%
	ALL	A	0.11%	0.37%	0.11%
	ALLE	A	0.03%	0.12%	0.03%
	AMAT	C	0.38%	0.26%	0.26%
	AMD	C	0.57%	0.19%	0.19%
	AME	C	0.09%	0.36%	0.09%
	AMZN	C	3.72%	2.42%	2.42%
	ANET	A	0.22%	0.32%	0.22%
	AOS	C	0.02%	0.07%	0.02%
	APA	F	0.02%	0.23%	0.02%
	APH	D	0.19%	0.38%	0.19%
	APTV	D	0.05%	0.28%	0.05%
	ARE	D	0.04%	0.04%	0.04%
	ATO	A	0.04%	0.26%	0.04%
	AVB	C	0.07%	0.33%	0.07%
	AVGO	B	1.71%	1.34%	1.34%
	BAC	B	0.61%	0.27%	0.27%
	BAX	D	0.04%	0.31%	0.04%
	BBWI	F	0.02%	0.09%	0.02%
	BBY	C	0.04%	0.3%	0.04%
	BDX	C	0.15%	0.4%	0.15%
	BEN	F	0.01%	0.31%	0.01%
	BG	F	0.03%	0.27%	0.03%
	BK	A	0.12%	0.3%	0.12%
	BKR	B	0.08%	0.33%	0.08%
	BLDR	C	0.05%	0.17%	0.05%
	BR	B	0.05%	0.13%	0.05%
	BRK.A	B	1.88%	1.01%	1.01%
	BRO	A	0.06%	0.33%	0.06%
	BWA	C	0.02%	0.16%	0.02%
	BX	C	0.24%	0.16%	0.16%
	CAG	D	0.03%	0.12%	0.03%
	CAH	B	0.06%	0.32%	0.06%
	CAT	A	0.43%	0.11%	0.11%
	CBOE	B	0.05%	0.31%	0.05%
	CBRE	C	0.08%	0.33%	0.08%
	CCL	C	0.04%	0.35%	0.04%
	CDNS	D	0.16%	0.34%	0.16%
	CE	D	0.03%	0.32%	0.03%
	CFG	C	0.04%	0.17%	0.04%
	CHD	D	0.05%	0.06%	0.05%
	CI	D	0.22%	0.42%	0.22%
	CMCSA	B	0.35%	0.22%	0.22%
	CME	A	0.17%	0.4%	0.17%
	CMG	C	0.18%	0.04%	0.04%
	CNC	F	0.09%	0.35%	0.09%
	CNP	B	0.04%	0.32%	0.04%
	COF	A	0.13%	0.23%	0.13%
	COST	C	0.87%	0.33%	0.33%
	CPB	D	0.02%	0.11%	0.02%
	CPT	C	0.03%	0.31%	0.03%
	CRL	F	0.02%	0.28%	0.02%
	CRM	B	0.59%	0.72%	0.59%
	CRWD	D	0.16%	0.16%	0.16%
	CSCO	A	0.48%	0.17%	0.17%
	CSGP	F	0.06%	0.04%	0.04%
	CSX	D	0.15%	0.25%	0.15%
	CTSH	B	0.08%	0.35%	0.08%
	CTVA	A	0.09%	0.1%	0.09%
	CVS	D	0.16%	0.3%	0.16%
	CVX	B	0.58%	0.15%	0.15%
	DAY	C	0.02%	0.07%	0.02%
	DFS	A	0.08%	0.15%	0.08%
	DG	F	0.04%	0.26%	0.04%
	DHI	C	0.12%	0.28%	0.12%
	DHR	D	0.38%	0.04%	0.04%
	DIS	D	0.38%	0.1%	0.1%
	DLR	C	0.11%	0.07%	0.07%
	DOC	C	0.04%	0.08%	0.04%
	DTE	B	0.06%	0.33%	0.06%
	DVN	F	0.06%	0.31%	0.06%
	EA	D	0.08%	0.18%	0.08%
	EBAY	A	0.07%	0.14%	0.07%
	EG	A	0.04%	0.29%	0.04%
	EIX	C	0.07%	0.35%	0.07%
	EMN	C	0.03%	0.35%	0.03%
	EMR	B	0.14%	0.37%	0.14%
	EPAM	F	0.02%	0.04%	0.02%
	EQR	C	0.06%	0.32%	0.06%
	ETN	B	0.3%	0.4%	0.3%
	ETR	A	0.06%	0.34%	0.06%
	EXC	C	0.08%	0.31%	0.08%
	F	D	0.1%	0.15%	0.1%
	FANG	D	0.08%	0.34%	0.08%
	FAST	C	0.09%	0.04%	0.04%
	FCX	B	0.16%	0.15%	0.15%
	FDS	C	0.04%	0.04%	0.04%
	FDX	F	0.14%	0.28%	0.14%
	FE	C	0.05%	0.11%	0.05%
	FFIV	B	0.03%	0.33%	0.03%
	FIS	A	0.1%	0.07%	0.07%
	FITB	C	0.07%	0.14%	0.07%
	FOXA	B	0.03%	0.25%	0.03%
	FRT	D	0.02%	0.29%	0.02%
	FSLR	C	0.05%	0.11%	0.05%
	FTNT	A	0.11%	0.28%	0.11%
	FTV	C	0.06%	0.07%	0.06%
	GDDY	B	0.05%	0.33%	0.05%
	GE	B	0.47%	0.6%	0.47%
	GEHC	C	0.08%	0.23%	0.08%
	GILD	A	0.22%	0.44%	0.22%
	GL	C	0.02%	0.23%	0.02%
	GM	D	0.13%	0.35%	0.13%
	GOOG	B	4.13%	0.97%	0.97%
	GPC	D	0.04%	0.16%	0.04%
	GRMN	D	0.06%	0.32%	0.06%
	HAL	D	0.06%	0.23%	0.06%
	HBAN	B	0.05%	0.25%	0.05%
	HCA	C	0.17%	0.18%	0.17%
	HD	A	0.85%	0.31%	0.31%
	HES	D	0.09%	0.13%	0.09%
	HIG	A	0.08%	0.35%	0.08%
	HII	F	0.02%	0.31%	0.02%
	HOLX	D	0.04%	0.12%	0.04%
	HPQ	B	0.07%	0.33%	0.07%
	HRL	F	0.02%	0.06%	0.02%
	HST	D	0.03%	0.33%	0.03%
	HWM	A	0.09%	0.36%	0.09%
	IBM	A	0.43%	0.17%	0.17%
	IEX	D	0.04%	0.28%	0.04%
	INCY	B	0.02%	0.31%	0.02%
	INTC	D	0.25%	0.25%	0.25%
	INTU	F	0.38%	0.55%	0.38%
	INVH	D	0.05%	0.3%	0.05%
	IPG	D	0.03%	0.13%	0.03%
	IQV	F	0.1%	0.29%	0.1%
	IR	A	0.09%	0.32%	0.09%
	ISRG	C	0.38%	0.08%	0.08%
	IVZ	A	0.02%	0.33%	0.02%
	J	F	0.04%	0.04%	0.04%
	JBL	C	0.03%	0.08%	0.03%
	JKHY	A	0.03%	0.13%	0.03%
	JNJ	D	0.85%	0.44%	0.44%
	JPM	C	1.43%	0.64%	0.64%
	KDP	C	0.08%	0.14%	0.08%
	KHC	F	0.06%	0.13%	0.06%
	KMB	D	0.1%	0.36%	0.1%
	KMI	A	0.1%	0.1%	0.1%
	KO	C	0.62%	0.15%	0.15%
	KR	C	0.09%	0.37%	0.09%
	L	C	0.03%	0.31%	0.03%
	LDOS	A	0.05%	0.33%	0.05%
	LEN	C	0.1%	0.37%	0.1%
	LIN	C	0.51%	0.09%	0.09%
	LKQ	F	0.02%	0.11%	0.02%
	LLY	D	1.68%	1.07%	1.07%
	LMT	A	0.27%	0.47%	0.27%
	LNT	B	0.03%	0.09%	0.03%
	LRCX	D	0.25%	0.21%	0.21%
	LULU	D	0.07%	0.27%	0.07%
	LYB	B	0.06%	0.33%	0.06%
	MA	A	0.87%	0.37%	0.37%
	MAA	D	0.04%	0.29%	0.04%
	MAS	C	0.04%	0.05%	0.04%
	MCK	F	0.15%	0.37%	0.15%
	MDT	C	0.25%	0.27%	0.25%
	MET	A	0.11%	0.25%	0.11%
	META	A	2.77%	1.63%	1.63%
	MGM	D	0.02%	0.19%	0.02%
	MKC	C	0.04%	0.06%	0.04%
	MMC	D	0.24%	0.04%	0.04%
	MNST	D	0.08%	0.06%	0.06%
	MOH	F	0.04%	0.19%	0.04%
	MRK	F	0.65%	0.73%	0.65%
	MSFT	D	6.9%	4.59%	4.59%
	MSI	A	0.17%	0.22%	0.17%
	MTB	A	0.07%	0.29%	0.07%
	MU	D	0.25%	0.53%	0.25%
	NCLH	C	0.02%	0.34%	0.02%
	NFLX	A	0.7%	0.41%	0.41%
	NI	A	0.03%	0.2%	0.03%
	NOC	B	0.16%	0.4%	0.16%
	NOW	B	0.39%	0.12%	0.12%
	NRG	A	0.04%	0.35%	0.04%
	NTRS	B	0.04%	0.26%	0.04%
	NUE	D	0.09%	0.09%	0.09%
	NVDA	B	6.76%	4.42%	4.42%
	NWSA	D	0.03%	0.12%	0.03%
	OKE	A	0.12%	0.16%	0.12%
	OMC	C	0.04%	0.24%	0.04%
	ON	F	0.07%	0.13%	0.07%
	PANW	B	0.25%	0.18%	0.18%
	PARA	F	0.01%	0.2%	0.01%
	PAYC	D	0.02%	0.25%	0.02%
	PAYX	B	0.09%	0.07%	0.07%
	PCG	C	0.09%	0.28%	0.09%
	PEP	F	0.5%	0.35%	0.35%
	PFG	A	0.04%	0.11%	0.04%
	PG	D	0.87%	0.44%	0.44%
	PGR	B	0.33%	0.06%	0.06%
	PH	A	0.18%	0.33%	0.18%
	PHM	C	0.06%	0.35%	0.06%
	PKG	B	0.04%	0.04%	0.04%
	PLD	D	0.25%	0.37%	0.25%
	PM	D	0.41%	0.04%	0.04%
	PNR	C	0.04%	0.32%	0.04%
	PNW	C	0.02%	0.14%	0.02%
	PPG	D	0.07%	0.26%	0.07%
	PRU	B	0.1%	0.29%	0.1%
	PSA	C	0.12%	0.16%	0.12%
	PSX	D	0.13%	0.13%	0.13%
	PTC	B	0.05%	0.04%	0.04%
	PYPL	A	0.18%	0.24%	0.18%
	QCOM	D	0.43%	0.14%	0.14%
	QRVO	F	0.02%	0.3%	0.02%
	RCL	B	0.09%	0.39%	0.09%
	RF	B	0.05%	0.05%	0.05%
	RJF	B	0.05%	0.34%	0.05%
	RL	B	0.02%	0.32%	0.02%
	RMD	C	0.07%	0.21%	0.07%
	ROL	C	0.03%	0.27%	0.03%
	ROP	D	0.13%	0.12%	0.12%
	ROST	D	0.11%	0.04%	0.04%
	RSG	D	0.09%	0.33%	0.09%
	SLB	D	0.14%	0.31%	0.14%
	SMCI	F	0.05%	0.06%	0.05%
	SNA	C	0.03%	0.32%	0.03%
	SNPS	F	0.18%	0.42%	0.18%
	SO	A	0.21%	0.28%	0.21%
	SPG	A	0.12%	0.14%	0.12%
	STE	D	0.05%	0.27%	0.05%
	STLD	C	0.04%	0.13%	0.04%
	SWK	C	0.04%	0.34%	0.04%
	SWKS	F	0.04%	0.26%	0.04%
	SYF	A	0.05%	0.33%	0.05%
	SYY	D	0.09%	0.14%	0.09%
	T	B	0.31%	0.2%	0.2%
	TAP	D	0.02%	0.31%	0.02%
	TDY	A	0.05%	0.12%	0.05%
	TEL	D	0.1%	0.37%	0.1%
	TFX	C	0.03%	0.27%	0.03%
	TGT	C	0.16%	0.36%	0.16%
	TJX	D	0.29%	0.5%	0.29%
	TMO	D	0.5%	0.66%	0.5%
	TMUS	A	0.23%	0.45%	0.23%
	TPR	B	0.02%	0.16%	0.02%
	TRGP	A	0.08%	0.34%	0.08%
	TROW	D	0.05%	0.34%	0.05%
	TRV	B	0.12%	0.1%	0.1%
	TSN	D	0.04%	0.3%	0.04%
	TT	A	0.2%	0.45%	0.2%
	TXT	F	0.04%	0.27%	0.04%
	UAL	A	0.04%	0.29%	0.04%
	UBER	C	0.37%	0.46%	0.37%
	UHS	D	0.03%	0.32%	0.03%
	UNH	B	1.16%	0.56%	0.56%
	URI	C	0.12%	0.13%	0.12%
	V	B	0.9%	0.39%	0.39%
	VLO	F	0.1%	0.08%	0.08%
	VRTX	D	0.27%	0.46%	0.27%
	VTR	C	0.05%	0.32%	0.05%
	VTRS	D	0.03%	0.27%	0.03%
	VZ	C	0.39%	0.06%	0.06%
	WAB	A	0.07%	0.25%	0.07%
	WBA	F	0.01%	0.14%	0.01%
	WDC	C	0.05%	0.25%	0.05%
	WELL	C	0.16%	0.25%	0.16%
	WFC	B	0.44%	0.13%	0.13%
	WM	B	0.17%	0.04%	0.04%
	WMT	A	0.74%	0.24%	0.24%
	WRB	C	0.04%	0.08%	0.04%
	WTW	C	0.07%	0.14%	0.07%
	WY	C	0.05%	0.35%	0.05%
	XEL	C	0.07%	0.34%	0.07%
	XOM	A	1.21%	0.53%	0.53%
	XYL	C	0.07%	0.3%	0.07%
	ZTS	C	0.18%	0.18%	0.18%

QVML Overweight 167 Positions Relative to CSM

	Symbol	Grade	Weight
	TXN	C	0.43%
	NEE	C	0.37%
	GS	B	0.37%
	SPGI	C	0.36%
	RTX	A	0.36%
	AXP	A	0.34%
	UNP	F	0.34%
	BKNG	B	0.32%
	MS	A	0.3%
	COP	D	0.3%
	HON	C	0.3%
	BLK	A	0.29%
	ELV	F	0.27%
	C	B	0.27%
	ADI	B	0.26%
	CB	A	0.26%
	SYK	C	0.26%
	BSX	A	0.26%
	NKE	D	0.25%
	REGN	D	0.25%
	KLAC	B	0.25%
	ADP	A	0.24%
	DE	C	0.23%
	UPS	D	0.21%
	MDLZ	D	0.21%
	SCHW	D	0.21%
	KKR	A	0.2%
	ICE	A	0.2%
	CL	D	0.19%
	CEG	A	0.19%
	DUK	C	0.19%
	SHW	C	0.19%
	MO	D	0.19%
	MCO	D	0.17%
	MMM	C	0.17%
	EOG	B	0.17%
	ITW	C	0.16%
	USB	C	0.16%
	AON	A	0.16%
	PNC	C	0.16%
	GEV	A	0.15%
	GD	C	0.15%
	CTAS	C	0.15%
	MPC	D	0.14%
	ECL	C	0.14%
	CARR	A	0.14%
	NXPI	F	0.14%
	AFL	A	0.13%
	TFC	D	0.13%
	AJG	C	0.13%
	SRE	C	0.12%
	O	C	0.12%
	AZO	D	0.12%
	NSC	C	0.12%
	WMB	A	0.12%
	CPRT	B	0.11%
	AIG	C	0.11%
	AEP	C	0.11%
	PCAR	D	0.11%
	JCI	C	0.11%
	MCHP	F	0.1%
	GWW	B	0.1%
	PWR	A	0.1%
	LHX	A	0.1%
	MPWR	B	0.1%
	CMI	A	0.1%
	D	A	0.1%
	AMP	A	0.1%
	STZ	D	0.09%
	DOW	B	0.09%
	IT	A	0.09%
	IDXX	D	0.09%
	EW	F	0.09%
	HUM	F	0.09%
	GIS	C	0.09%
	VST	A	0.09%
	KVUE	C	0.09%
	PEG	A	0.09%
	GLW	C	0.08%
	VMC	D	0.08%
	MLM	F	0.08%
	ED	C	0.08%
	ODFL	F	0.08%
	EFX	D	0.08%
	DD	C	0.08%
	VRSK	D	0.08%
	EXR	D	0.08%
	OXY	D	0.08%
	NDAQ	C	0.07%
	DAL	C	0.07%
	HPE	B	0.07%
	NVR	C	0.07%
	ROK	D	0.07%
	CDW	D	0.07%
	CHTR	D	0.07%
	VICI	C	0.07%
	TTWO	D	0.06%
	NTAP	D	0.06%
	DOV	C	0.06%
	IFF	D	0.06%
	SW	C	0.06%
	AWK	D	0.06%
	HSY	D	0.06%
	KEYS	B	0.06%
	STT	A	0.06%
	ANSS	D	0.06%
	AXON	A	0.06%
	WEC	B	0.06%
	TSCO	A	0.06%
	ADM	F	0.06%
	MRNA	F	0.05%
	TER	C	0.05%
	WBD	F	0.05%
	EQT	C	0.05%
	WAT	B	0.05%
	K	B	0.05%
	CINF	A	0.05%
	CPAY	A	0.05%
	AEE	A	0.05%
	WST	D	0.05%
	ES	D	0.05%
	HUBB	A	0.05%
	ZBH	F	0.05%
	PPL	C	0.05%
	DECK	B	0.05%
	TYL	D	0.05%
	GPN	F	0.05%
	VLTO	A	0.05%
	CF	A	0.04%
	KEY	B	0.04%
	MRO	B	0.04%
	AMCR	C	0.04%
	IP	C	0.04%
	LUV	B	0.04%
	DGX	D	0.04%
	ALGN	D	0.04%
	AVY	D	0.04%
	EXPD	D	0.04%
	ULTA	D	0.04%
	CTRA	D	0.04%
	DLTR	F	0.04%
	ESS	D	0.04%
	ZBRA	B	0.04%
	EXPE	B	0.04%
	BALL	C	0.04%
	DRI	C	0.04%
	CMS	A	0.04%
	BXP	B	0.03%
	REG	C	0.03%
	JNPR	C	0.03%
	KMX	F	0.03%
	CHRW	C	0.03%
	UDR	C	0.03%
	EVRG	C	0.03%
	POOL	D	0.03%
	JBHT	D	0.03%
	KIM	C	0.03%
	MHK	C	0.02%
	DVA	C	0.02%
	FMC	C	0.02%
	CZR	B	0.02%
	SOLV	C	0.02%
	MKTX	B	0.02%
	LW	D	0.02%
	MOS	F	0.02%
	HSIC	D	0.02%
	GNRC	B	0.02%

QVML Underweight 30 Positions Relative to CSM

	Symbol	Grade	Weight
	GOOGL	B	-1.19%
	TSLA	C	-0.77%
	BMY	A	-0.46%
	EL	D	-0.38%
	MTD	C	-0.35%
	OTIS	A	-0.35%
	APD	C	-0.35%
	STX	C	-0.34%
	WYNN	B	-0.34%
	LYV	A	-0.34%
	AAL	D	-0.33%
	MAR	A	-0.3%
	AES	C	-0.27%
	EQIX	C	-0.26%
	VRSN	C	-0.26%
	SJM	D	-0.2%
	BIIB	F	-0.17%
	PFE	D	-0.14%
	MSCI	B	-0.14%
	ORCL	A	-0.11%
	MTCH	B	-0.09%
	DXCM	F	-0.08%
	NEM	C	-0.07%
	DPZ	D	-0.06%
	CLX	C	-0.06%
	LOW	C	-0.05%
	TRMB	B	-0.04%
	AMGN	D	-0.04%
	MCD	A	-0.04%
	LVS	B	-0.04%

QVML: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Semiconductors Business Services Asset Management Oil & Gas E&P Banks - Regional - US Capital Markets Diagnostics & Research Medical Instruments & Supplies Packaged Foods Aerospace & Defense Credit Services Health Care Plans Information Technology Services Insurance - Property & Casualty Medical Devices REIT - Residential Specialty Retail

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Insurance Computing Dow Jones Component Electronics Aerospace Real Estate Investment Trust Bank Chemical Telecommunications Banking Semiconductor Medicine Insurance Products Petroleum Industry Investment Bank Mobile Devices

CSM: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Drug Manufacturers - Major Semiconductors Diagnostics & Research Medical Instruments & Supplies Utilities - Regulated Electric Asset Management Credit Services Internet Content & Information Packaged Foods Banks - Regional - US Business Services Health Care Plans Household & Personal Products Information Technology Services Insurance - Property & Casualty REIT - Residential Specialty Industrial Machinery Aerospace & Defense

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Dow Jones Component Electronics Insurance Electricity Aerospace Bank Real Estate Investment Trust Telecommunications Banking Medicine Mobile Devices Chemical Work From Home Mining Petroleum Industry Transport