QVML vs. SPXE ETF Comparison

Comparison of Invesco S&P 500 QVM Multi-factor ETF (QVML) to ProShares S&P 500 Ex-Energy ETF (SPXE)

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

$34.84

Average Daily Volume

1,387

Number of Holdings ^*

447

* may have additional holdings in another (foreign) market

SPXE

ProShares S&P 500 Ex-Energy ETF

SPXE Description

The investment seeks investment results, before fees and expenses that track the performance of the S&P 500® Ex-Energy Index (the "index"). Under normal circumstances, the fund will invest at least 80% of its total assets in component securities. The index seeks to provide exposure to the companies of the S&P 500® Index (the "S&P 500®") with the exception of those companies included in the Energy Sector.

Grade (RS Rating)

Last Trade

$63.51

Average Daily Volume

1,223

Number of Holdings ^*

476

* may have additional holdings in another (foreign) market

Performance

Period	QVML	SPXE
30 Days	0.48%	0.83%
60 Days	3.52%	3.75%
90 Days	5.08%	5.50%
12 Months	31.93%	32.46%

424 Overlapping Holdings

	Symbol	Grade	Weight in QVML	Weight in SPXE	Overlap
	A	F	0.08%	0.08%	0.08%
	AAPL	C	7.12%	7.08%	7.08%
	ABBV	F	0.64%	0.73%	0.64%
	ABNB	D	0.13%	0.13%	0.13%
	ABT	A	0.41%	0.41%	0.41%
	ACGL	D	0.08%	0.08%	0.08%
	ACN	C	0.47%	0.46%	0.46%
	ADBE	D	0.49%	0.45%	0.45%
	ADI	D	0.23%	0.23%	0.23%
	ADM	D	0.06%	0.05%	0.05%
	ADP	B	0.26%	0.25%	0.25%
	ADSK	B	0.14%	0.14%	0.14%
	AEE	A	0.05%	0.05%	0.05%
	AEP	C	0.1%	0.1%	0.1%
	AFL	C	0.12%	0.11%	0.11%
	AIG	C	0.11%	0.1%	0.1%
	AIZ	A	0.03%	0.02%	0.02%
	AJG	B	0.13%	0.13%	0.13%
	AKAM	F	0.03%	0.03%	0.03%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.11%	0.1%	0.1%
	ALLE	D	0.03%	0.03%	0.03%
	AMAT	F	0.34%	0.33%	0.33%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.47%	0.5%	0.47%
	AME	A	0.1%	0.09%	0.09%
	AMP	A	0.12%	0.11%	0.11%
	AMZN	B	3.94%	4.02%	3.94%
	ANET	C	0.21%	0.23%	0.21%
	ANSS	B	0.06%	0.06%	0.06%
	AON	B	0.17%	0.17%	0.17%
	AOS	F	0.02%	0.02%	0.02%
	APH	B	0.2%	0.18%	0.18%
	APTV	F	0.03%	0.03%	0.03%
	ARE	F	0.04%	0.04%	0.04%
	ATO	A	0.04%	0.04%	0.04%
	AVB	B	0.07%	0.07%	0.07%
	AVGO	C	1.61%	1.75%	1.61%
	AVY	D	0.03%	0.03%	0.03%
	AWK	C	0.05%	0.05%	0.05%
	AXON	A	0.09%	0.07%	0.07%
	AXP	B	0.35%	0.33%	0.33%
	AZO	C	0.12%	0.11%	0.11%
	BAC	A	0.69%	0.62%	0.62%
	BALL	D	0.04%	0.04%	0.04%
	BAX	F	0.03%	0.04%	0.03%
	BBY	D	0.04%	0.04%	0.04%
	BDX	F	0.14%	0.13%	0.13%
	BEN	C	0.01%	0.01%	0.01%
	BG	D	0.03%	0.03%	0.03%
	BK	B	0.12%	0.12%	0.12%
	BKNG	A	0.36%	0.34%	0.34%
	BLDR	D	0.05%	0.04%	0.04%
	BR	B	0.06%	0.05%	0.05%
	BRK.A	B	1.87%	1.73%	1.73%
	BRO	B	0.06%	0.05%	0.05%
	BSX	A	0.27%	0.26%	0.26%
	BWA	D	0.02%	0.02%	0.02%
	BX	A	0.27%	0.26%	0.26%
	BXP	D	0.02%	0.02%	0.02%
	C	B	0.3%	0.27%	0.27%
	CAG	F	0.03%	0.03%	0.03%
	CAH	B	0.06%	0.06%	0.06%
	CARR	D	0.13%	0.13%	0.13%
	CAT	C	0.42%	0.41%	0.41%
	CB	C	0.25%	0.21%	0.21%
	CBOE	C	0.04%	0.04%	0.04%
	CBRE	B	0.08%	0.08%	0.08%
	CCL	A	0.05%	0.05%	0.05%
	CDNS	B	0.18%	0.17%	0.17%
	CDW	F	0.05%	0.06%	0.05%
	CE	F	0.02%	0.02%	0.02%
	CEG	C	0.16%	0.15%	0.15%
	CF	A	0.04%	0.03%	0.03%
	CFG	B	0.05%	0.04%	0.04%
	CHD	A	0.05%	0.05%	0.05%
	CHRW	B	0.03%	0.03%	0.03%
	CHTR	B	0.09%	0.08%	0.08%
	CI	D	0.2%	0.18%	0.18%
	CINF	A	0.05%	0.05%	0.05%
	CL	D	0.16%	0.15%	0.15%
	CMCSA	B	0.37%	0.35%	0.35%
	CME	A	0.17%	0.16%	0.16%
	CMG	C	0.17%	0.16%	0.16%
	CMI	A	0.11%	0.1%	0.1%
	CMS	C	0.04%	0.04%	0.04%
	CNC	F	0.07%	0.07%	0.07%
	CNP	A	0.04%	0.04%	0.04%
	COF	B	0.16%	0.14%	0.14%
	COR	B	0.09%	0.09%	0.09%
	COST	A	0.85%	0.83%	0.83%
	CPAY	A	0.06%	0.05%	0.05%
	CPB	D	0.02%	0.02%	0.02%
	CPRT	B	0.11%	0.1%	0.1%
	CPT	C	0.03%	0.03%	0.03%
	CRL	D	0.02%	0.02%	0.02%
	CRM	B	0.69%	0.62%	0.62%
	CRWD	B	0.18%	0.16%	0.16%
	CSCO	B	0.51%	0.48%	0.48%
	CSGP	F	0.06%	0.06%	0.06%
	CSX	C	0.15%	0.14%	0.14%
	CTAS	B	0.15%	0.15%	0.15%
	CTSH	C	0.09%	0.08%	0.08%
	CTVA	C	0.09%	0.08%	0.08%
	CVS	F	0.15%	0.15%	0.15%
	CZR	F	0.02%	0.02%	0.02%
	D	C	0.1%	0.1%	0.1%
	DAL	A	0.08%	0.08%	0.08%
	DAY	B	0.03%	0.03%	0.03%
	DD	D	0.08%	0.07%	0.07%
	DE	C	0.21%	0.22%	0.21%
	DECK	A	0.06%	0.05%	0.05%
	DFS	B	0.1%	0.09%	0.09%
	DG	F	0.04%	0.04%	0.04%
	DGX	A	0.04%	0.04%	0.04%
	DHI	D	0.1%	0.1%	0.1%
	DHR	D	0.33%	0.32%	0.32%
	DIS	B	0.43%	0.37%	0.37%
	DLR	A	0.12%	0.11%	0.11%
	DLTR	F	0.04%	0.03%	0.03%
	DOC	D	0.03%	0.03%	0.03%
	DOV	B	0.06%	0.06%	0.06%
	DOW	F	0.07%	0.07%	0.07%
	DRI	C	0.04%	0.04%	0.04%
	DTE	C	0.05%	0.05%	0.05%
	DUK	C	0.18%	0.18%	0.18%
	DVA	C	0.02%	0.01%	0.01%
	EA	A	0.09%	0.08%	0.08%
	EBAY	D	0.06%	0.06%	0.06%
	ECL	D	0.13%	0.13%	0.13%
	ED	C	0.07%	0.07%	0.07%
	EFX	F	0.07%	0.07%	0.07%
	EG	D	0.04%	0.03%	0.03%
	EIX	C	0.07%	0.06%	0.06%
	ELV	F	0.2%	0.2%	0.2%
	EMN	D	0.03%	0.02%	0.02%
	EMR	A	0.16%	0.15%	0.15%
	EPAM	C	0.03%	0.03%	0.03%
	EQR	C	0.05%	0.05%	0.05%
	ES	C	0.05%	0.04%	0.04%
	ESS	A	0.04%	0.04%	0.04%
	ETN	B	0.31%	0.29%	0.29%
	ETR	A	0.07%	0.06%	0.06%
	EVRG	A	0.03%	0.03%	0.03%
	EW	C	0.09%	0.08%	0.08%
	EXC	C	0.08%	0.08%	0.08%
	EXPD	D	0.04%	0.03%	0.03%
	EXPE	B	0.05%	0.04%	0.04%
	EXR	C	0.07%	0.07%	0.07%
	F	C	0.1%	0.09%	0.09%
	FAST	B	0.1%	0.1%	0.1%
	FCX	F	0.14%	0.14%	0.14%
	FDS	B	0.04%	0.04%	0.04%
	FDX	B	0.15%	0.13%	0.13%
	FE	C	0.04%	0.04%	0.04%
	FFIV	B	0.03%	0.03%	0.03%
	FI	A	0.26%	0.25%	0.25%
	FIS	C	0.1%	0.1%	0.1%
	FITB	B	0.07%	0.06%	0.06%
	FMC	D	0.02%	0.02%	0.02%
	FOXA	B	0.04%	0.02%	0.02%
	FRT	B	0.02%	0.02%	0.02%
	FSLR	F	0.04%	0.04%	0.04%
	FTNT	B	0.13%	0.11%	0.11%
	FTV	D	0.06%	0.05%	0.05%
	GD	D	0.14%	0.16%	0.14%
	GDDY	A	0.06%	0.05%	0.05%
	GE	D	0.43%	0.4%	0.4%
	GEHC	D	0.07%	0.08%	0.07%
	GEN	B	0.04%	0.03%	0.03%
	GEV	A	0.18%	0.19%	0.18%
	GILD	C	0.24%	0.25%	0.24%
	GIS	F	0.08%	0.07%	0.07%
	GL	C	0.02%	0.02%	0.02%
	GLW	B	0.08%	0.08%	0.08%
	GM	B	0.15%	0.13%	0.13%
	GNRC	B	0.03%	0.02%	0.02%
	GOOG	B	4.33%	1.79%	1.79%
	GPC	F	0.04%	0.03%	0.03%
	GPN	C	0.06%	0.06%	0.06%
	GRMN	B	0.07%	0.07%	0.07%
	GS	B	0.43%	0.38%	0.38%
	GWW	B	0.11%	0.11%	0.11%
	HBAN	B	0.06%	0.05%	0.05%
	HCA	F	0.14%	0.14%	0.14%
	HD	A	0.84%	0.81%	0.81%
	HIG	B	0.07%	0.07%	0.07%
	HII	F	0.02%	0.02%	0.02%
	HOLX	D	0.04%	0.04%	0.04%
	HON	B	0.32%	0.29%	0.29%
	HPE	B	0.07%	0.06%	0.06%
	HPQ	B	0.07%	0.07%	0.07%
	HRL	D	0.02%	0.02%	0.02%
	HSIC	C	0.02%	0.02%	0.02%
	HST	D	0.03%	0.03%	0.03%
	HSY	F	0.05%	0.05%	0.05%
	HUBB	B	0.05%	0.05%	0.05%
	HUM	D	0.08%	0.07%	0.07%
	HWM	A	0.09%	0.09%	0.09%
	IBM	C	0.39%	0.4%	0.39%
	ICE	C	0.19%	0.18%	0.18%
	IDXX	F	0.07%	0.07%	0.07%
	IEX	B	0.04%	0.03%	0.03%
	IFF	D	0.05%	0.05%	0.05%
	INCY	C	0.03%	0.03%	0.03%
	INTC	C	0.25%	0.23%	0.23%
	INTU	B	0.4%	0.39%	0.39%
	INVH	D	0.04%	0.04%	0.04%
	IP	A	0.04%	0.04%	0.04%
	IPG	F	0.02%	0.02%	0.02%
	IQV	F	0.08%	0.08%	0.08%
	IR	B	0.09%	0.09%	0.09%
	ISRG	A	0.4%	0.38%	0.38%
	IT	C	0.09%	0.08%	0.08%
	ITW	B	0.16%	0.15%	0.15%
	IVZ	C	0.02%	0.02%	0.02%
	J	D	0.04%	0.04%	0.04%
	JBHT	C	0.03%	0.03%	0.03%
	JBL	C	0.03%	0.03%	0.03%
	JCI	B	0.12%	0.11%	0.11%
	JKHY	D	0.03%	0.03%	0.03%
	JNJ	D	0.77%	0.77%	0.77%
	JNPR	D	0.03%	0.03%	0.03%
	JPM	A	1.59%	1.38%	1.38%
	K	B	0.05%	0.04%	0.04%
	KDP	D	0.07%	0.07%	0.07%
	KEY	B	0.04%	0.04%	0.04%
	KEYS	C	0.06%	0.06%	0.06%
	KHC	F	0.05%	0.06%	0.05%
	KIM	A	0.03%	0.03%	0.03%
	KKR	A	0.22%	0.21%	0.21%
	KLAC	F	0.2%	0.19%	0.19%
	KMB	C	0.09%	0.09%	0.09%
	KMX	C	0.03%	0.02%	0.02%
	KO	D	0.52%	0.51%	0.51%
	KR	B	0.09%	0.08%	0.08%
	KVUE	A	0.09%	0.09%	0.09%
	L	A	0.03%	0.03%	0.03%
	LDOS	C	0.05%	0.05%	0.05%
	LEN	D	0.09%	0.08%	0.08%
	LH	B	0.05%	0.04%	0.04%
	LHX	B	0.1%	0.1%	0.1%
	LIN	D	0.47%	0.46%	0.46%
	LKQ	F	0.02%	0.02%	0.02%
	LLY	F	1.38%	1.29%	1.29%
	LMT	D	0.24%	0.24%	0.24%
	LNT	A	0.03%	0.03%	0.03%
	LRCX	F	0.22%	0.21%	0.21%
	LULU	C	0.08%	0.07%	0.07%
	LUV	B	0.04%	0.04%	0.04%
	LW	C	0.02%	0.02%	0.02%
	LYB	F	0.05%	0.05%	0.05%
	MA	B	0.89%	0.87%	0.87%
	MAA	A	0.04%	0.04%	0.04%
	MAS	D	0.04%	0.04%	0.04%
	MCHP	F	0.08%	0.08%	0.08%
	MCK	A	0.18%	0.16%	0.16%
	MCO	D	0.16%	0.15%	0.15%
	MDLZ	F	0.18%	0.18%	0.18%
	MDT	D	0.24%	0.23%	0.23%
	MET	A	0.11%	0.1%	0.1%
	META	C	2.71%	2.65%	2.65%
	MGM	D	0.02%	0.02%	0.02%
	MHK	D	0.02%	0.02%	0.02%
	MKC	D	0.04%	0.04%	0.04%
	MKTX	D	0.02%	0.02%	0.02%
	MLM	B	0.08%	0.08%	0.08%
	MMC	D	0.23%	0.22%	0.22%
	MMM	D	0.16%	0.15%	0.15%
	MNST	C	0.08%	0.08%	0.08%
	MO	A	0.2%	0.19%	0.19%
	MOH	F	0.04%	0.04%	0.04%
	MOS	D	0.02%	0.02%	0.02%
	MPWR	F	0.06%	0.08%	0.06%
	MRK	F	0.54%	0.53%	0.53%
	MRNA	F	0.03%	0.03%	0.03%
	MS	A	0.37%	0.33%	0.33%
	MSFT	D	6.58%	6.47%	6.47%
	MSI	B	0.18%	0.16%	0.16%
	MTB	A	0.08%	0.07%	0.07%
	MU	D	0.25%	0.26%	0.25%
	NCLH	B	0.02%	0.02%	0.02%
	NDAQ	A	0.07%	0.07%	0.07%
	NEE	C	0.31%	0.31%	0.31%
	NFLX	A	0.78%	0.7%	0.7%
	NI	A	0.03%	0.03%	0.03%
	NKE	F	0.2%	0.19%	0.19%
	NOC	D	0.15%	0.15%	0.15%
	NOW	B	0.44%	0.43%	0.43%
	NRG	B	0.04%	0.04%	0.04%
	NSC	B	0.13%	0.12%	0.12%
	NTAP	C	0.05%	0.05%	0.05%
	NTRS	A	0.05%	0.04%	0.04%
	NUE	D	0.08%	0.08%	0.08%
	NVDA	A	7.76%	7.5%	7.5%
	NVR	D	0.06%	0.06%	0.06%
	NWSA	B	0.03%	0.02%	0.02%
	NXPI	F	0.13%	0.12%	0.12%
	O	C	0.1%	0.1%	0.1%
	ODFL	B	0.09%	0.09%	0.09%
	OMC	C	0.04%	0.04%	0.04%
	ON	F	0.07%	0.06%	0.06%
	PANW	B	0.28%	0.26%	0.26%
	PARA	D	0.01%	0.01%	0.01%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	B	0.1%	0.1%	0.1%
	PCAR	C	0.13%	0.12%	0.12%
	PCG	A	0.09%	0.09%	0.09%
	PEG	C	0.09%	0.09%	0.09%
	PEP	F	0.47%	0.46%	0.46%
	PFG	C	0.04%	0.04%	0.04%
	PG	C	0.82%	0.79%	0.79%
	PGR	B	0.32%	0.31%	0.31%
	PH	B	0.19%	0.18%	0.18%
	PHM	D	0.06%	0.06%	0.06%
	PKG	B	0.05%	0.04%	0.04%
	PLD	D	0.22%	0.22%	0.22%
	PM	A	0.41%	0.39%	0.39%
	PNC	B	0.18%	0.17%	0.17%
	PNR	B	0.04%	0.04%	0.04%
	PNW	B	0.02%	0.02%	0.02%
	POOL	D	0.03%	0.03%	0.03%
	PPG	F	0.06%	0.06%	0.06%
	PPL	A	0.05%	0.05%	0.05%
	PRU	B	0.1%	0.09%	0.09%
	PSA	C	0.11%	0.11%	0.11%
	PTC	B	0.05%	0.05%	0.05%
	PWR	A	0.1%	0.1%	0.1%
	PYPL	B	0.2%	0.17%	0.17%
	QCOM	F	0.41%	0.39%	0.39%
	QRVO	F	0.01%	0.01%	0.01%
	RCL	A	0.12%	0.11%	0.11%
	REG	A	0.03%	0.02%	0.02%
	REGN	F	0.18%	0.18%	0.18%
	RF	A	0.05%	0.05%	0.05%
	RJF	A	0.06%	0.06%	0.06%
	RL	C	0.02%	0.02%	0.02%
	RMD	C	0.07%	0.07%	0.07%
	ROK	B	0.07%	0.06%	0.06%
	ROL	B	0.03%	0.03%	0.03%
	ROP	C	0.13%	0.12%	0.12%
	ROST	D	0.1%	0.1%	0.1%
	RSG	A	0.09%	0.09%	0.09%
	RTX	D	0.34%	0.33%	0.33%
	RVTY	D	0.03%	0.03%	0.03%
	SCHW	A	0.26%	0.22%	0.22%
	SHW	C	0.19%	0.18%	0.18%
	SMCI	F	0.02%	0.03%	0.02%
	SNA	B	0.04%	0.04%	0.04%
	SNPS	C	0.19%	0.18%	0.18%
	SO	C	0.19%	0.19%	0.19%
	SOLV	F	0.02%	0.02%	0.02%
	SPG	A	0.13%	0.11%	0.11%
	SPGI	D	0.34%	0.33%	0.33%
	SRE	A	0.12%	0.12%	0.12%
	STE	D	0.05%	0.04%	0.04%
	STLD	B	0.05%	0.04%	0.04%
	STT	B	0.06%	0.06%	0.06%
	STZ	D	0.08%	0.07%	0.07%
	SW	A	0.06%	0.05%	0.05%
	SWK	F	0.03%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.06%	0.05%	0.05%
	SYK	A	0.27%	0.26%	0.26%
	SYY	D	0.08%	0.08%	0.08%
	T	A	0.31%	0.32%	0.31%
	TAP	B	0.02%	0.02%	0.02%
	TDY	B	0.05%	0.05%	0.05%
	TER	F	0.04%	0.04%	0.04%
	TFC	A	0.14%	0.13%	0.13%
	TFX	F	0.02%	0.02%	0.02%
	TGT	B	0.16%	0.14%	0.14%
	TJX	A	0.28%	0.27%	0.27%
	TMO	F	0.43%	0.43%	0.43%
	TMUS	B	0.26%	0.23%	0.23%
	TPR	B	0.03%	0.02%	0.02%
	TROW	B	0.06%	0.05%	0.05%
	TRV	A	0.12%	0.12%	0.12%
	TSCO	D	0.06%	0.06%	0.06%
	TSN	B	0.04%	0.03%	0.03%
	TT	A	0.2%	0.18%	0.18%
	TTWO	A	0.06%	0.06%	0.06%
	TXN	C	0.42%	0.41%	0.41%
	TXT	D	0.04%	0.03%	0.03%
	TYL	B	0.06%	0.05%	0.05%
	UAL	A	0.06%	0.06%	0.06%
	UBER	F	0.33%	0.31%	0.31%
	UDR	C	0.03%	0.03%	0.03%
	UHS	D	0.03%	0.03%	0.03%
	ULTA	F	0.04%	0.04%	0.04%
	UNH	C	1.15%	1.14%	1.14%
	UNP	D	0.31%	0.3%	0.3%
	UPS	C	0.2%	0.2%	0.2%
	URI	B	0.13%	0.12%	0.12%
	USB	B	0.17%	0.16%	0.16%
	V	A	0.99%	1.05%	0.99%
	VICI	C	0.07%	0.07%	0.07%
	VLTO	C	0.05%	0.05%	0.05%
	VMC	B	0.08%	0.08%	0.08%
	VRSK	B	0.09%	0.08%	0.08%
	VRTX	D	0.27%	0.27%	0.27%
	VST	A	0.1%	0.1%	0.1%
	VTR	B	0.05%	0.05%	0.05%
	VTRS	A	0.03%	0.03%	0.03%
	VZ	C	0.34%	0.35%	0.34%
	WAB	B	0.08%	0.07%	0.07%
	WAT	C	0.05%	0.05%	0.05%
	WBA	F	0.01%	0.01%	0.01%
	WBD	B	0.05%	0.04%	0.04%
	WDC	F	0.04%	0.05%	0.04%
	WEC	A	0.06%	0.06%	0.06%
	WELL	A	0.16%	0.16%	0.16%
	WFC	A	0.58%	0.49%	0.49%
	WM	B	0.17%	0.17%	0.17%
	WMT	A	0.74%	0.75%	0.74%
	WRB	B	0.04%	0.04%	0.04%
	WST	D	0.05%	0.05%	0.05%
	WTW	B	0.07%	0.07%	0.07%
	WY	D	0.05%	0.05%	0.05%
	XEL	A	0.08%	0.08%	0.08%
	XYL	D	0.07%	0.06%	0.06%
	ZBH	C	0.05%	0.05%	0.05%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	D	0.16%	0.16%	0.16%

QVML Overweight 23 Positions Relative to SPXE

	Symbol	Grade	Weight
	XOM	B	1.22%
	CVX	A	0.63%
	BLK	B	0.32%
	COP	B	0.31%
	EOG	A	0.18%
	WMB	A	0.15%
	OKE	A	0.14%
	SLB	C	0.14%
	PSX	C	0.13%
	MPC	D	0.13%
	VLO	C	0.11%
	KMI	A	0.11%
	BKR	B	0.1%
	TRGP	A	0.09%
	HES	B	0.09%
	FANG	D	0.08%
	OXY	F	0.08%
	DVN	F	0.06%
	HAL	C	0.06%
	EQT	A	0.05%
	MRO	A	0.04%
	CTRA	B	0.04%
	APA	F	0.02%

QVML Underweight 52 Positions Relative to SPXE

	Symbol	Grade	Weight
	GOOGL	B	-2.17%
	TSLA	A	-1.69%
	ORCL	A	-0.61%
	MCD	D	-0.43%
	AMGN	D	-0.35%
	PFE	F	-0.32%
	LOW	C	-0.31%
	BMY	A	-0.23%
	BA	D	-0.23%
	PLTR	A	-0.23%
	SBUX	A	-0.22%
	AMT	D	-0.19%
	EQIX	A	-0.17%
	ORLY	B	-0.15%
	TDG	D	-0.15%
	APD	A	-0.14%
	MAR	B	-0.13%
	HLT	A	-0.12%
	NEM	D	-0.11%
	FICO	B	-0.11%
	MSCI	B	-0.09%
	CCI	C	-0.09%
	YUM	D	-0.08%
	DELL	B	-0.08%
	OTIS	C	-0.08%
	IRM	C	-0.07%
	DXCM	C	-0.06%
	MTD	F	-0.06%
	STX	D	-0.05%
	SBAC	D	-0.05%
	BIIB	F	-0.05%
	PODD	B	-0.04%
	TRMB	B	-0.04%
	LVS	B	-0.04%
	LYV	A	-0.04%
	CLX	A	-0.04%
	NDSN	D	-0.03%
	VRSN	F	-0.03%
	EL	F	-0.03%
	DPZ	C	-0.03%
	MTCH	F	-0.02%
	WYNN	D	-0.02%
	HAS	D	-0.02%
	ENPH	F	-0.02%
	AES	F	-0.02%
	ERIE	F	-0.02%
	CTLT	D	-0.02%
	ALB	B	-0.02%
	TECH	F	-0.02%
	SJM	D	-0.02%
	NWS	A	-0.01%
	FOX	A	-0.01%

QVML: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Semiconductors Business Services Asset Management Diagnostics & Research Oil & Gas E&P Banks - Regional - US Capital Markets 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 Banking Medicine Semiconductor Telecommunications Insurance Products Petroleum Industry Investment Bank Mobile Devices

SPXE: Top Represented Industries & Keywords

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

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