QVML vs. IWL ETF Comparison

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

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

$33.82

Average Daily Volume

1,105

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

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 200® 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

$139.82

Average Daily Volume

70,043

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	QVML	IWL
30 Days	2.09%	1.95%
60 Days	3.90%	3.79%
90 Days	4.37%	4.37%
12 Months	32.66%	32.96%

165 Overlapping Holdings

	Symbol	Grade	Weight in QVML	Weight in IWL	Overlap
	AAPL	C	6.84%	8.03%	6.84%
	ABBV	C	0.78%	0.85%	0.78%
	ABNB	D	0.12%	0.13%	0.12%
	ABT	C	0.47%	0.5%	0.47%
	ACN	C	0.51%	0.54%	0.51%
	ADBE	F	0.6%	0.6%	0.6%
	ADI	C	0.25%	0.28%	0.25%
	ADP	B	0.27%	0.28%	0.27%
	ADSK	C	0.12%	0.14%	0.12%
	AEP	C	0.13%	0.14%	0.13%
	AIG	D	0.13%	0.12%	0.12%
	AMAT	D	0.32%	0.39%	0.32%
	AMD	D	0.59%	0.61%	0.59%
	AMZN	C	3.79%	4.3%	3.79%
	ANET	B	0.2%	0.23%	0.2%
	APH	D	0.17%	0.19%	0.17%
	AVGO	C	1.51%	1.89%	1.51%
	AXP	B	0.37%	0.37%	0.37%
	BAC	D	0.63%	0.65%	0.63%
	BDX	D	0.16%	0.17%	0.16%
	BKNG	C	0.31%	0.33%	0.31%
	BLK	B	0.29%	0.32%	0.29%
	BRK.A	C	1.95%	2.03%	1.95%
	BSX	B	0.28%	0.3%	0.28%
	BX	B	0.24%	0.27%	0.24%
	C	C	0.27%	0.27%	0.27%
	CARR	B	0.14%	0.16%	0.14%
	CAT	B	0.42%	0.42%	0.42%
	CB	B	0.28%	0.29%	0.28%
	CDNS	D	0.16%	0.18%	0.16%
	CEG	C	0.14%	0.15%	0.14%
	CI	C	0.25%	0.25%	0.25%
	CL	D	0.2%	0.21%	0.2%
	CMCSA	D	0.39%	0.38%	0.38%
	CME	C	0.19%	0.19%	0.19%
	CMG	C	0.18%	0.19%	0.18%
	COF	B	0.12%	0.13%	0.12%
	COP	D	0.29%	0.3%	0.29%
	COST	B	0.91%	1.01%	0.91%
	CPRT	D	0.1%	0.11%	0.1%
	CRM	D	0.57%	0.59%	0.57%
	CSCO	C	0.48%	0.5%	0.48%
	CSX	D	0.16%	0.16%	0.16%
	CTAS	B	0.16%	0.18%	0.16%
	CVS	D	0.17%	0.18%	0.17%
	CVX	D	0.6%	0.6%	0.6%
	D	C	0.12%	0.12%	0.12%
	DE	B	0.24%	0.25%	0.24%
	DHR	B	0.41%	0.45%	0.41%
	DIS	D	0.4%	0.41%	0.4%
	DUK	C	0.21%	0.22%	0.21%
	ECL	B	0.14%	0.16%	0.14%
	ELV	C	0.3%	0.32%	0.3%
	EMR	D	0.14%	0.15%	0.14%
	EOG	D	0.17%	0.17%	0.17%
	ETN	C	0.29%	0.3%	0.29%
	EW	F	0.1%	0.1%	0.1%
	F	F	0.1%	0.1%	0.1%
	FCX	D	0.15%	0.15%	0.15%
	FDX	C	0.16%	0.16%	0.16%
	GD	B	0.16%	0.21%	0.16%
	GE	B	0.44%	0.48%	0.44%
	GEV	B	0.14%	0.15%	0.14%
	GM	C	0.11%	0.13%	0.11%
	GOOG	D	3.81%	1.94%	1.94%
	GS	C	0.37%	0.38%	0.37%
	HCA	B	0.18%	0.19%	0.18%
	HD	B	0.85%	0.94%	0.85%
	HON	D	0.31%	0.33%	0.31%
	IBM	B	0.45%	0.49%	0.45%
	ICE	C	0.21%	0.23%	0.21%
	INTC	F	0.19%	0.21%	0.19%
	INTU	C	0.41%	0.44%	0.41%
	ISRG	B	0.38%	0.43%	0.38%
	ITW	C	0.16%	0.18%	0.16%
	JCI	B	0.11%	0.12%	0.11%
	JNJ	C	0.94%	0.99%	0.94%
	JPM	D	1.48%	1.45%	1.45%
	KDP	B	0.09%	0.1%	0.09%
	KHC	C	0.07%	0.08%	0.07%
	KLAC	D	0.21%	0.25%	0.21%
	KMB	D	0.11%	0.12%	0.11%
	KO	C	0.65%	0.69%	0.65%
	LIN	B	0.53%	0.56%	0.53%
	LLY	C	1.65%	1.95%	1.65%
	LMT	C	0.29%	0.3%	0.29%
	LOW	B	0.34%	0.36%	0.34%
	LRCX	F	0.21%	0.25%	0.21%
	LULU	D	0.07%	0.08%	0.07%
	MA	B	0.96%	1.01%	0.96%
	MAR	C	0.13%	0.13%	0.13%
	MCK	F	0.15%	0.17%	0.15%
	MCO	B	0.17%	0.19%	0.17%
	MDLZ	B	0.24%	0.25%	0.24%
	MDT	C	0.28%	0.3%	0.28%
	MET	B	0.11%	0.11%	0.11%
	META	B	2.49%	2.85%	2.49%
	MMC	C	0.26%	0.28%	0.26%
	MNST	D	0.09%	0.1%	0.09%
	MO	C	0.22%	0.23%	0.22%
	MPC	F	0.15%	0.14%	0.14%
	MRK	D	0.66%	0.73%	0.66%
	MRNA	F	0.05%	0.05%	0.05%
	MS	D	0.29%	0.28%	0.28%
	MSFT	C	7.0%	7.95%	7.0%
	MSI	B	0.17%	0.18%	0.17%
	MU	F	0.2%	0.25%	0.2%
	NEE	C	0.44%	0.43%	0.43%
	NFLX	B	0.69%	0.74%	0.69%
	NKE	D	0.23%	0.24%	0.23%
	NOC	B	0.18%	0.18%	0.18%
	NOW	B	0.39%	0.45%	0.39%
	NSC	C	0.14%	0.14%	0.14%
	NVDA	D	6.04%	7.03%	6.04%
	ORCL	C	0.5%	0.63%	0.5%
	OXY	F	0.08%	0.08%	0.08%
	PANW	D	0.24%	0.27%	0.24%
	PCAR	D	0.12%	0.12%	0.12%
	PEP	C	0.6%	0.6%	0.6%
	PG	C	0.95%	1.02%	0.95%
	PGR	B	0.36%	0.37%	0.36%
	PH	B	0.18%	0.19%	0.18%
	PLD	C	0.28%	0.3%	0.28%
	PNC	B	0.17%	0.18%	0.17%
	PSA	B	0.13%	0.14%	0.13%
	PSX	F	0.13%	0.13%	0.13%
	PYPL	B	0.18%	0.18%	0.18%
	QCOM	D	0.41%	0.46%	0.41%
	REGN	C	0.27%	0.3%	0.27%
	ROP	C	0.13%	0.15%	0.13%
	RSG	D	0.1%	0.1%	0.1%
	RTX	C	0.38%	0.39%	0.38%
	SCHW	D	0.21%	0.23%	0.21%
	SHW	B	0.21%	0.22%	0.21%
	SLB	F	0.14%	0.14%	0.14%
	SNPS	D	0.17%	0.19%	0.17%
	SO	B	0.23%	0.24%	0.23%
	SPGI	B	0.38%	0.4%	0.38%
	SRE	C	0.12%	0.13%	0.12%
	STZ	D	0.09%	0.1%	0.09%
	SYK	C	0.29%	0.33%	0.29%
	T	C	0.37%	0.39%	0.37%
	TFC	C	0.13%	0.14%	0.13%
	TGT	C	0.17%	0.17%	0.17%
	TJX	B	0.3%	0.34%	0.3%
	TMO	B	0.55%	0.58%	0.55%
	TMUS	C	0.25%	0.24%	0.24%
	TRV	C	0.13%	0.13%	0.13%
	TT	B	0.19%	0.2%	0.19%
	TXN	C	0.41%	0.45%	0.41%
	UBER	C	0.29%	0.36%	0.29%
	UNH	C	1.28%	1.36%	1.28%
	UNP	C	0.37%	0.38%	0.37%
	UPS	D	0.22%	0.23%	0.22%
	USB	B	0.17%	0.17%	0.17%
	V	C	1.07%	1.12%	1.07%
	VLO	F	0.11%	0.11%	0.11%
	VRTX	D	0.28%	0.31%	0.28%
	VZ	B	0.45%	0.46%	0.45%
	WELL	C	0.17%	0.19%	0.17%
	WFC	D	0.45%	0.46%	0.45%
	WM	D	0.19%	0.21%	0.19%
	WMT	C	0.79%	0.87%	0.79%
	XOM	C	1.24%	1.24%	1.24%
	ZTS	C	0.2%	0.22%	0.2%

QVML Overweight 279 Positions Relative to IWL

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

QVML Underweight 33 Positions Relative to IWL

	Symbol	Grade	Weight
	GOOGL	D	-2.3%
	TSLA	C	-1.59%
	MCD	B	-0.53%
	PM	C	-0.48%
	AMGN	B	-0.44%
	PFE	C	-0.41%
	AMT	C	-0.28%
	SBUX	C	-0.28%
	GILD	B	-0.26%
	BMY	C	-0.25%
	FI	A	-0.25%
	BA	F	-0.23%
	EQIX	C	-0.2%
	KKR	B	-0.2%
	MMM	B	-0.18%
	TDG	B	-0.18%
	AON	B	-0.17%
	APD	B	-0.16%
	MRVL	C	-0.16%
	ORLY	C	-0.16%
	APO	C	-0.15%
	CRH	B	-0.15%
	NEM	B	-0.15%
	CRWD	D	-0.14%
	WDAY	D	-0.13%
	AZO	D	-0.13%
	FTNT	C	-0.12%
	SPOT	B	-0.12%
	DASH	C	-0.11%
	SNOW	F	-0.09%
	DELL	D	-0.07%
	TEAM	D	-0.06%
	EL	F	-0.05%

QVML: Top Represented Industries & Keywords

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

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

IWL: Top Represented Industries & Keywords

Industries: Software - Application Drug Manufacturers - Major Semiconductors Aerospace & Defense Diversified Industrials Capital Markets Credit Services Medical Devices Asset Management Banks - Global Beverages - Soft Drinks Health Care Plans Household & Personal Products Internet Content & Information Telecom Services Utilities - Regulated Electric Auto Manufacturers Banks - Regional - US Biotechnology Business Services

Keywords: S&P 500 Nasdaq 100 Dow Jones Component Computing Natural Gas Work From Home Electronics IBD 50 Insurance Medicine Bank Chemical Electricity Integrated Circuits Mobile Devices Semiconductor Telecommunications Pharmaceutical Products Software Aerospace