QVML vs. VOO ETF Comparison

Comparison of Invesco S&P 500 QVM Multi-factor ETF (QVML) to Vanguard S&P 500 ETF (VOO)

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

$35.16

Average Daily Volume

1,434

Number of Holdings ^*

447

* may have additional holdings in another (foreign) market

VOO

Vanguard S&P 500 ETF

VOO Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the Standard & Poor's 500 Index, a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of large U.S. companies. 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

$547.47

Average Daily Volume

5,104,303

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	QVML	VOO
30 Days	2.51%	3.05%
60 Days	4.26%	4.57%
90 Days	5.72%	6.29%
12 Months	32.76%	32.77%

447 Overlapping Holdings

	Symbol	Grade	Weight in QVML	Weight in VOO	Overlap
	A	D	0.08%	0.08%	0.08%
	AAPL	C	7.12%	7.11%	7.11%
	ABBV	D	0.64%	0.75%	0.64%
	ABNB	C	0.13%	0.12%	0.12%
	ABT	B	0.41%	0.41%	0.41%
	ACGL	D	0.08%	0.08%	0.08%
	ACN	C	0.47%	0.45%	0.45%
	ADBE	C	0.49%	0.44%	0.44%
	ADI	D	0.23%	0.23%	0.23%
	ADM	D	0.06%	0.05%	0.05%
	ADP	B	0.26%	0.24%	0.24%
	ADSK	A	0.14%	0.13%	0.13%
	AEE	A	0.05%	0.05%	0.05%
	AEP	D	0.1%	0.11%	0.1%
	AFL	B	0.12%	0.11%	0.11%
	AIG	B	0.11%	0.1%	0.1%
	AIZ	A	0.03%	0.02%	0.02%
	AJG	B	0.13%	0.13%	0.13%
	AKAM	D	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%	0.31%	0.31%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.47%	0.48%	0.47%
	AME	A	0.1%	0.09%	0.09%
	AMP	A	0.12%	0.1%	0.1%
	AMZN	C	3.94%	3.61%	3.61%
	ANET	C	0.21%	0.21%	0.21%
	ANSS	B	0.06%	0.06%	0.06%
	AON	A	0.17%	0.17%	0.17%
	AOS	F	0.02%	0.02%	0.02%
	APA	D	0.02%	0.02%	0.02%
	APH	A	0.2%	0.17%	0.17%
	APTV	D	0.03%	0.03%	0.03%
	ARE	D	0.04%	0.04%	0.04%
	ATO	A	0.04%	0.04%	0.04%
	AVB	B	0.07%	0.07%	0.07%
	AVGO	D	1.61%	1.64%	1.61%
	AVY	D	0.03%	0.03%	0.03%
	AWK	D	0.05%	0.06%	0.05%
	AXON	A	0.09%	0.06%	0.06%
	AXP	A	0.35%	0.31%	0.31%
	AZO	C	0.12%	0.11%	0.11%
	BAC	A	0.69%	0.58%	0.58%
	BALL	D	0.04%	0.04%	0.04%
	BAX	D	0.03%	0.04%	0.03%
	BBY	D	0.04%	0.04%	0.04%
	BDX	F	0.14%	0.14%	0.14%
	BEN	C	0.01%	0.01%	0.01%
	BG	F	0.03%	0.02%	0.02%
	BK	A	0.12%	0.12%	0.12%
	BKNG	A	0.36%	0.32%	0.32%
	BKR	B	0.1%	0.08%	0.08%
	BLDR	D	0.05%	0.04%	0.04%
	BLK	C	0.32%	0.28%	0.28%
	BR	A	0.06%	0.05%	0.05%
	BRK.A	B	1.87%	1.71%	1.71%
	BRO	B	0.06%	0.05%	0.05%
	BSX	B	0.27%	0.26%	0.26%
	BWA	D	0.02%	0.02%	0.02%
	BX	A	0.27%	0.25%	0.25%
	BXP	D	0.02%	0.02%	0.02%
	C	A	0.3%	0.25%	0.25%
	CAG	D	0.03%	0.03%	0.03%
	CAH	B	0.06%	0.05%	0.05%
	CARR	D	0.13%	0.13%	0.13%
	CAT	B	0.42%	0.38%	0.38%
	CB	C	0.25%	0.22%	0.22%
	CBOE	B	0.04%	0.05%	0.04%
	CBRE	B	0.08%	0.08%	0.08%
	CCL	B	0.05%	0.05%	0.05%
	CDNS	B	0.18%	0.16%	0.16%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.02%	0.03%	0.02%
	CEG	D	0.16%	0.17%	0.16%
	CF	B	0.04%	0.03%	0.03%
	CFG	B	0.05%	0.04%	0.04%
	CHD	B	0.05%	0.05%	0.05%
	CHRW	C	0.03%	0.03%	0.03%
	CHTR	C	0.09%	0.07%	0.07%
	CI	F	0.2%	0.18%	0.18%
	CINF	A	0.05%	0.05%	0.05%
	CL	D	0.16%	0.16%	0.16%
	CMCSA	B	0.37%	0.35%	0.35%
	CME	A	0.17%	0.17%	0.17%
	CMG	B	0.17%	0.16%	0.16%
	CMI	A	0.11%	0.09%	0.09%
	CMS	C	0.04%	0.04%	0.04%
	CNC	D	0.07%	0.07%	0.07%
	CNP	B	0.04%	0.04%	0.04%
	COF	B	0.16%	0.13%	0.13%
	COP	C	0.31%	0.26%	0.26%
	COR	B	0.09%	0.08%	0.08%
	COST	B	0.85%	0.8%	0.8%
	CPAY	A	0.06%	0.05%	0.05%
	CPB	D	0.02%	0.02%	0.02%
	CPRT	A	0.11%	0.09%	0.09%
	CPT	B	0.03%	0.03%	0.03%
	CRL	C	0.02%	0.02%	0.02%
	CRM	B	0.69%	0.58%	0.58%
	CRWD	B	0.18%	0.14%	0.14%
	CSCO	B	0.51%	0.46%	0.46%
	CSGP	D	0.06%	0.06%	0.06%
	CSX	B	0.15%	0.14%	0.14%
	CTAS	B	0.15%	0.15%	0.15%
	CTRA	B	0.04%	0.04%	0.04%
	CTSH	B	0.09%	0.08%	0.08%
	CTVA	C	0.09%	0.09%	0.09%
	CVS	D	0.15%	0.15%	0.15%
	CVX	A	0.63%	0.52%	0.52%
	CZR	F	0.02%	0.02%	0.02%
	D	C	0.1%	0.1%	0.1%
	DAL	C	0.08%	0.08%	0.08%
	DAY	B	0.03%	0.02%	0.02%
	DD	D	0.08%	0.07%	0.07%
	DE	A	0.21%	0.21%	0.21%
	DECK	A	0.06%	0.05%	0.05%
	DFS	B	0.1%	0.08%	0.08%
	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	F	0.33%	0.33%	0.33%
	DIS	B	0.43%	0.36%	0.36%
	DLR	B	0.12%	0.11%	0.11%
	DLTR	F	0.04%	0.03%	0.03%
	DOC	D	0.03%	0.03%	0.03%
	DOV	A	0.06%	0.05%	0.05%
	DOW	F	0.07%	0.07%	0.07%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.05%	0.05%	0.05%
	DUK	C	0.18%	0.18%	0.18%
	DVA	B	0.02%	0.01%	0.01%
	DVN	F	0.06%	0.05%	0.05%
	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	D	0.07%	0.07%	0.07%
	EFX	F	0.07%	0.07%	0.07%
	EG	C	0.04%	0.03%	0.03%
	EIX	B	0.07%	0.07%	0.07%
	ELV	F	0.2%	0.19%	0.19%
	EMN	D	0.03%	0.03%	0.03%
	EMR	A	0.16%	0.13%	0.13%
	EOG	A	0.18%	0.14%	0.14%
	EPAM	C	0.03%	0.02%	0.02%
	EQR	B	0.05%	0.05%	0.05%
	EQT	B	0.05%	0.04%	0.04%
	ES	D	0.05%	0.05%	0.05%
	ESS	B	0.04%	0.04%	0.04%
	ETN	A	0.31%	0.27%	0.27%
	ETR	B	0.07%	0.07%	0.07%
	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	D	0.07%	0.07%	0.07%
	F	C	0.1%	0.08%	0.08%
	FANG	D	0.08%	0.07%	0.07%
	FAST	B	0.1%	0.09%	0.09%
	FCX	D	0.14%	0.13%	0.13%
	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%	0.24%	0.24%
	FIS	C	0.1%	0.1%	0.1%
	FITB	A	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	C	0.13%	0.1%	0.1%
	FTV	C	0.06%	0.05%	0.05%
	GD	F	0.14%	0.16%	0.14%
	GDDY	A	0.06%	0.05%	0.05%
	GE	D	0.43%	0.39%	0.39%
	GEHC	F	0.07%	0.08%	0.07%
	GEN	B	0.04%	0.03%	0.03%
	GEV	B	0.18%	0.17%	0.17%
	GILD	C	0.24%	0.23%	0.23%
	GIS	D	0.08%	0.08%	0.08%
	GL	B	0.02%	0.02%	0.02%
	GLW	B	0.08%	0.08%	0.08%
	GM	B	0.15%	0.12%	0.12%
	GNRC	B	0.03%	0.02%	0.02%
	GOOG	C	4.33%	1.72%	1.72%
	GPC	D	0.04%	0.03%	0.03%
	GPN	B	0.06%	0.04%	0.04%
	GRMN	B	0.07%	0.06%	0.06%
	GS	A	0.43%	0.33%	0.33%
	GWW	B	0.11%	0.1%	0.1%
	HAL	C	0.06%	0.05%	0.05%
	HBAN	A	0.06%	0.05%	0.05%
	HCA	F	0.14%	0.14%	0.14%
	HD	A	0.84%	0.81%	0.81%
	HES	B	0.09%	0.08%	0.08%
	HIG	B	0.07%	0.07%	0.07%
	HII	D	0.02%	0.02%	0.02%
	HOLX	D	0.04%	0.04%	0.04%
	HON	B	0.32%	0.28%	0.28%
	HPE	B	0.07%	0.05%	0.05%
	HPQ	B	0.07%	0.07%	0.07%
	HRL	D	0.02%	0.02%	0.02%
	HSIC	B	0.02%	0.02%	0.02%
	HST	C	0.03%	0.03%	0.03%
	HSY	F	0.05%	0.05%	0.05%
	HUBB	B	0.05%	0.05%	0.05%
	HUM	C	0.08%	0.06%	0.06%
	HWM	A	0.09%	0.08%	0.08%
	IBM	C	0.39%	0.39%	0.39%
	ICE	C	0.19%	0.19%	0.19%
	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%	0.02%	0.02%
	INTC	D	0.25%	0.19%	0.19%
	INTU	C	0.4%	0.35%	0.35%
	INVH	D	0.04%	0.04%	0.04%
	IP	B	0.04%	0.04%	0.04%
	IPG	D	0.02%	0.02%	0.02%
	IQV	D	0.08%	0.07%	0.07%
	IR	B	0.09%	0.08%	0.08%
	ISRG	A	0.4%	0.37%	0.37%
	IT	C	0.09%	0.08%	0.08%
	ITW	B	0.16%	0.15%	0.15%
	IVZ	B	0.02%	0.02%	0.02%
	J	F	0.04%	0.04%	0.04%
	JBHT	C	0.03%	0.03%	0.03%
	JBL	B	0.03%	0.03%	0.03%
	JCI	C	0.12%	0.1%	0.1%
	JKHY	D	0.03%	0.03%	0.03%
	JNJ	D	0.77%	0.8%	0.77%
	JNPR	F	0.03%	0.03%	0.03%
	JPM	A	1.59%	1.31%	1.31%
	K	A	0.05%	0.04%	0.04%
	KDP	D	0.07%	0.08%	0.07%
	KEY	B	0.04%	0.03%	0.03%
	KEYS	A	0.06%	0.05%	0.05%
	KHC	F	0.05%	0.06%	0.05%
	KIM	A	0.03%	0.03%	0.03%
	KKR	A	0.22%	0.19%	0.19%
	KLAC	D	0.2%	0.19%	0.19%
	KMB	D	0.09%	0.09%	0.09%
	KMI	A	0.11%	0.1%	0.1%
	KMX	B	0.03%	0.02%	0.02%
	KO	D	0.52%	0.52%	0.52%
	KR	B	0.09%	0.07%	0.07%
	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%	0.09%	0.09%
	LH	C	0.05%	0.04%	0.04%
	LHX	C	0.1%	0.1%	0.1%
	LIN	D	0.47%	0.45%	0.45%
	LKQ	D	0.02%	0.02%	0.02%
	LLY	F	1.38%	1.36%	1.36%
	LMT	D	0.24%	0.24%	0.24%
	LNT	A	0.03%	0.03%	0.03%
	LRCX	F	0.22%	0.2%	0.2%
	LULU	C	0.08%	0.07%	0.07%
	LUV	C	0.04%	0.04%	0.04%
	LW	C	0.02%	0.02%	0.02%
	LYB	F	0.05%	0.05%	0.05%
	MA	C	0.89%	0.85%	0.85%
	MAA	B	0.04%	0.04%	0.04%
	MAS	D	0.04%	0.04%	0.04%
	MCHP	D	0.08%	0.08%	0.08%
	MCK	B	0.18%	0.13%	0.13%
	MCO	B	0.16%	0.15%	0.15%
	MDLZ	F	0.18%	0.19%	0.18%
	MDT	D	0.24%	0.24%	0.24%
	MET	A	0.11%	0.1%	0.1%
	META	D	2.71%	2.57%	2.57%
	MGM	D	0.02%	0.02%	0.02%
	MHK	D	0.02%	0.01%	0.01%
	MKC	D	0.04%	0.04%	0.04%
	MKTX	D	0.02%	0.02%	0.02%
	MLM	B	0.08%	0.07%	0.07%
	MMC	B	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	F	0.02%	0.02%	0.02%
	MPC	D	0.13%	0.1%	0.1%
	MPWR	F	0.06%	0.08%	0.06%
	MRK	F	0.54%	0.54%	0.54%
	MRNA	F	0.03%	0.04%	0.03%
	MRO	B	0.04%	0.03%	0.03%
	MS	A	0.37%	0.3%	0.3%
	MSFT	F	6.58%	6.26%	6.26%
	MSI	B	0.18%	0.16%	0.16%
	MTB	A	0.08%	0.07%	0.07%
	MU	D	0.25%	0.23%	0.23%
	NCLH	B	0.02%	0.02%	0.02%
	NDAQ	A	0.07%	0.06%	0.06%
	NEE	D	0.31%	0.34%	0.31%
	NFLX	A	0.78%	0.67%	0.67%
	NI	A	0.03%	0.03%	0.03%
	NKE	D	0.2%	0.19%	0.19%
	NOC	D	0.15%	0.14%	0.14%
	NOW	A	0.44%	0.4%	0.4%
	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	C	0.08%	0.07%	0.07%
	NVDA	C	7.76%	6.76%	6.76%
	NVR	D	0.06%	0.06%	0.06%
	NWSA	B	0.03%	0.02%	0.02%
	NXPI	D	0.13%	0.12%	0.12%
	O	D	0.1%	0.11%	0.1%
	ODFL	B	0.09%	0.08%	0.08%
	OKE	A	0.14%	0.12%	0.12%
	OMC	C	0.04%	0.04%	0.04%
	ON	D	0.07%	0.06%	0.06%
	OXY	D	0.08%	0.07%	0.07%
	PANW	C	0.28%	0.24%	0.24%
	PARA	C	0.01%	0.01%	0.01%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.1%	0.09%	0.09%
	PCAR	B	0.13%	0.11%	0.11%
	PCG	A	0.09%	0.09%	0.09%
	PEG	A	0.09%	0.09%	0.09%
	PEP	F	0.47%	0.47%	0.47%
	PFG	D	0.04%	0.04%	0.04%
	PG	A	0.82%	0.81%	0.81%
	PGR	A	0.32%	0.29%	0.29%
	PH	A	0.19%	0.17%	0.17%
	PHM	D	0.06%	0.06%	0.06%
	PKG	A	0.05%	0.04%	0.04%
	PLD	D	0.22%	0.22%	0.22%
	PM	B	0.41%	0.43%	0.41%
	PNC	B	0.18%	0.16%	0.16%
	PNR	A	0.04%	0.03%	0.03%
	PNW	B	0.02%	0.02%	0.02%
	POOL	C	0.03%	0.03%	0.03%
	PPG	F	0.06%	0.06%	0.06%
	PPL	B	0.05%	0.05%	0.05%
	PRU	A	0.1%	0.09%	0.09%
	PSA	D	0.11%	0.11%	0.11%
	PSX	C	0.13%	0.11%	0.11%
	PTC	A	0.05%	0.05%	0.05%
	PWR	A	0.1%	0.09%	0.09%
	PYPL	B	0.2%	0.17%	0.17%
	QCOM	F	0.41%	0.38%	0.38%
	QRVO	F	0.01%	0.01%	0.01%
	RCL	A	0.12%	0.1%	0.1%
	REG	B	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	B	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	B	0.13%	0.12%	0.12%
	ROST	C	0.1%	0.1%	0.1%
	RSG	A	0.09%	0.08%	0.08%
	RTX	C	0.34%	0.33%	0.33%
	RVTY	F	0.03%	0.03%	0.03%
	SCHW	B	0.26%	0.22%	0.22%
	SHW	A	0.19%	0.17%	0.17%
	SLB	C	0.14%	0.12%	0.12%
	SMCI	F	0.02%	0.03%	0.02%
	SNA	A	0.04%	0.04%	0.04%
	SNPS	B	0.19%	0.16%	0.16%
	SO	D	0.19%	0.21%	0.19%
	SOLV	C	0.02%	0.02%	0.02%
	SPG	B	0.13%	0.11%	0.11%
	SPGI	C	0.34%	0.32%	0.32%
	SRE	A	0.12%	0.11%	0.11%
	STE	F	0.05%	0.05%	0.05%
	STLD	B	0.05%	0.04%	0.04%
	STT	A	0.06%	0.06%	0.06%
	STZ	D	0.08%	0.08%	0.08%
	SW	A	0.06%	0.05%	0.05%
	SWK	D	0.03%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.06%	0.05%	0.05%
	SYK	C	0.27%	0.25%	0.25%
	SYY	B	0.08%	0.08%	0.08%
	T	A	0.31%	0.33%	0.31%
	TAP	C	0.02%	0.02%	0.02%
	TDY	B	0.05%	0.04%	0.04%
	TER	D	0.04%	0.04%	0.04%
	TFC	A	0.14%	0.12%	0.12%
	TFX	F	0.02%	0.02%	0.02%
	TGT	F	0.16%	0.14%	0.14%
	TJX	A	0.28%	0.26%	0.26%
	TMO	F	0.43%	0.43%	0.43%
	TMUS	B	0.26%	0.23%	0.23%
	TPR	B	0.03%	0.02%	0.02%
	TRGP	B	0.09%	0.08%	0.08%
	TROW	B	0.06%	0.05%	0.05%
	TRV	B	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%	0.17%	0.17%
	TTWO	A	0.06%	0.05%	0.05%
	TXN	C	0.42%	0.38%	0.38%
	TXT	D	0.04%	0.03%	0.03%
	TYL	B	0.06%	0.05%	0.05%
	UAL	A	0.06%	0.05%	0.05%
	UBER	D	0.33%	0.31%	0.31%
	UDR	B	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%	1.08%	1.08%
	UNP	C	0.31%	0.29%	0.29%
	UPS	C	0.2%	0.2%	0.2%
	URI	B	0.13%	0.11%	0.11%
	USB	A	0.17%	0.16%	0.16%
	V	A	0.99%	1.0%	0.99%
	VICI	C	0.07%	0.06%	0.06%
	VLO	C	0.11%	0.09%	0.09%
	VLTO	D	0.05%	0.05%	0.05%
	VMC	B	0.08%	0.07%	0.07%
	VRSK	A	0.09%	0.08%	0.08%
	VRTX	F	0.27%	0.25%	0.25%
	VST	B	0.1%	0.09%	0.09%
	VTR	C	0.05%	0.06%	0.05%
	VTRS	A	0.03%	0.03%	0.03%
	VZ	C	0.34%	0.37%	0.34%
	WAB	B	0.08%	0.07%	0.07%
	WAT	B	0.05%	0.04%	0.04%
	WBA	F	0.01%	0.01%	0.01%
	WBD	C	0.05%	0.04%	0.04%
	WDC	D	0.04%	0.04%	0.04%
	WEC	A	0.06%	0.06%	0.06%
	WELL	A	0.16%	0.16%	0.16%
	WFC	A	0.58%	0.46%	0.46%
	WM	A	0.17%	0.16%	0.16%
	WMB	A	0.15%	0.13%	0.13%
	WMT	A	0.74%	0.74%	0.74%
	WRB	A	0.04%	0.04%	0.04%
	WST	C	0.05%	0.05%	0.05%
	WTW	B	0.07%	0.06%	0.06%
	WY	D	0.05%	0.05%	0.05%
	XEL	A	0.08%	0.08%	0.08%
	XOM	B	1.22%	1.07%	1.07%
	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%	0.17%	0.16%

QVML Overweight 0 Positions Relative to VOO

	Symbol	Grade	Weight

QVML Underweight 52 Positions Relative to VOO

	Symbol	Grade	Weight
	GOOGL	C	-2.08%
	TSLA	B	-1.44%
	ORCL	B	-0.56%
	MCD	D	-0.43%
	AMGN	D	-0.36%
	PFE	D	-0.33%
	LOW	D	-0.31%
	BA	F	-0.23%
	SBUX	A	-0.23%
	BMY	B	-0.23%
	AMT	D	-0.21%
	EQIX	A	-0.18%
	PLTR	B	-0.17%
	TDG	D	-0.15%
	ORLY	B	-0.14%
	APD	A	-0.14%
	MAR	B	-0.13%
	HLT	A	-0.12%
	NEM	D	-0.11%
	CCI	D	-0.1%
	FICO	B	-0.1%
	MSCI	C	-0.09%
	IRM	D	-0.08%
	YUM	B	-0.08%
	OTIS	C	-0.08%
	DELL	C	-0.07%
	MTD	D	-0.06%
	DXCM	D	-0.06%
	SBAC	D	-0.05%
	BIIB	F	-0.05%
	LVS	C	-0.04%
	LYV	A	-0.04%
	CLX	B	-0.04%
	STX	D	-0.04%
	SJM	D	-0.03%
	NDSN	B	-0.03%
	DPZ	C	-0.03%
	TRMB	B	-0.03%
	VRSN	F	-0.03%
	EL	F	-0.03%
	PODD	C	-0.03%
	HAS	D	-0.02%
	WYNN	D	-0.02%
	MTCH	D	-0.02%
	CTLT	B	-0.02%
	ALB	C	-0.02%
	ERIE	D	-0.02%
	ENPH	F	-0.02%
	TECH	D	-0.02%
	AES	F	-0.02%
	NWS	B	-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

VOO: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense 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

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