QVMM vs. LVHD ETF Comparison

Comparison of Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) to Legg Mason Low Volatility High Dividend ETF (LVHD)

QVMM

Invesco S&P MidCap 400 QVM Multi-factor ETF

QVMM Description

The investment seeks to track the investment results of the S&P MidCap 400 Â® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). The fund 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 MidCap 400 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

$28.99

Average Daily Volume

3,041

Number of Holdings ^*

352

* may have additional holdings in another (foreign) market

LVHD

Legg Mason Low Volatility High Dividend ETF

LVHD Description

The investment seeks to track the investment results of the QS Low Volatility High Dividend Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose the underlying index. The underlying index composed of equity securities of U.S. companies with relatively high yield and low price and earnings volatility.

Grade (RS Rating)

Last Trade

$40.41

Average Daily Volume

66,254

Number of Holdings ^*

115

* may have additional holdings in another (foreign) market

Performance

Period	QVMM	LVHD
30 Days	4.13%	3.88%
60 Days	3.87%	8.84%
90 Days	7.13%	13.81%
12 Months	24.47%	18.05%

26 Overlapping Holdings

Symbol	Grade	Weight in QVMM	Weight in LVHD	Overlap
ADC	C	0.31%	0.49%	0.31%
ALE	B	0.15%	0.21%	0.15%
BKH	B	0.17%	0.21%	0.17%
BRX	B	0.34%	0.48%	0.34%
CUBE	C	0.48%	0.56%	0.48%
DTM	B	0.29%	0.32%	0.29%
EPR	B	0.15%	0.24%	0.15%
FNB	C	0.21%	0.21%	0.21%
FNF	B	0.64%	0.56%	0.56%
GLPI	C	0.58%	0.52%	0.52%
IDA	C	0.22%	0.25%	0.22%
MSM	D	0.15%	0.26%	0.15%
NJR	B	0.19%	0.17%	0.17%
NNN	C	0.35%	0.38%	0.35%
NSA	B	0.14%	0.29%	0.14%
NWE	B	0.15%	0.12%	0.12%
OGE	C	0.34%	0.44%	0.34%
OGS	B	0.16%	0.22%	0.16%
ONB	C	0.24%	0.3%	0.24%
POR	C	0.2%	0.33%	0.2%
SON	C	0.23%	0.28%	0.23%
SR	B	0.15%	0.18%	0.15%
STAG	C	0.29%	0.34%	0.29%
UBSI	B	0.2%	0.14%	0.14%
VLY	C	0.15%	0.23%	0.15%
WPC	C	0.56%	0.64%	0.56%

QVMM Overweight 326 Positions Relative to LVHD

Symbol	Grade	Weight
CSL	B	0.8%
EME	B	0.75%
LII	B	0.71%
RS	D	0.69%
WSM	D	0.67%
UTHR	C	0.64%
THC	A	0.63%
MANH	B	0.63%
TOL	B	0.62%
RPM	B	0.62%
WSO	C	0.59%
RGA	C	0.58%
OC	D	0.58%
IBKR	B	0.56%
RNR	C	0.56%
GGG	C	0.56%
AMH	C	0.54%
USFD	B	0.54%
PSTG	F	0.53%
ACM	B	0.53%
ERIE	B	0.53%
EQH	C	0.51%
XPO	D	0.51%
DKS	D	0.51%
CW	B	0.5%
FIX	B	0.5%
CASY	D	0.5%
TTEK	C	0.49%
NBIX	F	0.49%
BLD	D	0.48%
SCI	B	0.48%
DT	C	0.48%
CLH	A	0.48%
JLL	B	0.48%
EWBC	D	0.47%
LAMR	B	0.46%
FND	C	0.46%
ITT	B	0.46%
PFGC	B	0.46%
CCK	A	0.46%
NVT	D	0.44%
BJ	D	0.44%
SFM	B	0.44%
TXRH	C	0.44%
JEF	B	0.43%
REXR	C	0.43%
OVV	F	0.43%
LECO	F	0.43%
CACI	B	0.43%
UNM	B	0.43%
OHI	B	0.42%
RRX	C	0.42%
KNSL	C	0.41%
WWD	D	0.41%
ATR	B	0.41%
WMS	D	0.41%
LNW	B	0.41%
SAIA	D	0.4%
WTRG	D	0.4%
EHC	C	0.39%
ORI	B	0.39%
RGLD	C	0.39%
FHN	D	0.38%
MUSA	D	0.38%
BWXT	D	0.38%
ARMK	B	0.38%
GPK	B	0.37%
INGR	B	0.37%
EXP	B	0.37%
ONTO	D	0.37%
SF	A	0.36%
RBC	C	0.36%
ALLY	F	0.36%
NYT	C	0.36%
PRI	B	0.36%
CG	D	0.36%
CHRD	F	0.36%
AFG	B	0.36%
TPX	C	0.35%
SNX	D	0.35%
WEX	C	0.35%
EGP	B	0.35%
CHE	C	0.35%
DCI	C	0.34%
CHK	D	0.34%
SKX	D	0.34%
EVR	A	0.34%
KBR	D	0.34%
HRB	C	0.34%
SAIC	C	0.33%
VOYA	B	0.33%
COHR	C	0.33%
FYBR	C	0.33%
HLI	B	0.33%
KNX	C	0.33%
CIEN	C	0.32%
AYI	B	0.32%
MEDP	F	0.32%
EXEL	C	0.32%
AIT	A	0.32%
BRBR	C	0.32%
MORN	C	0.32%
X	F	0.32%
WBS	D	0.32%
CR	C	0.31%
CROX	D	0.31%
OLED	C	0.31%
AR	F	0.31%
BERY	B	0.31%
RGEN	D	0.31%
CNM	F	0.31%
ALV	F	0.31%
DUOL	B	0.31%
FCN	D	0.31%
TTC	D	0.3%
FLR	D	0.3%
UFPI	C	0.3%
DINO	F	0.3%
SSB	B	0.3%
SSD	D	0.3%
AXTA	B	0.3%
CBSH	C	0.3%
FAF	B	0.29%
PR	F	0.29%
HALO	C	0.29%
LAD	D	0.29%
CFR	C	0.29%
KEX	C	0.29%
TMHC	A	0.29%
PB	B	0.29%
SWN	D	0.29%
ACHC	C	0.29%
LNTH	D	0.29%
FR	B	0.29%
PNFP	B	0.29%
PCTY	C	0.28%
MIDD	D	0.28%
SEIC	C	0.28%
WCC	D	0.28%
RRC	D	0.28%
TREX	D	0.28%
LSCC	D	0.28%
ESNT	B	0.27%
WTFC	C	0.27%
NOV	F	0.27%
MTG	B	0.27%
CRUS	D	0.27%
OSK	F	0.27%
MAT	C	0.27%
SNV	C	0.27%
CGNX	F	0.27%
WFRD	F	0.27%
ZION	D	0.27%
MTZ	B	0.27%
GNTX	F	0.27%
CELH	F	0.26%
H	C	0.26%
JAZZ	D	0.26%
AAON	B	0.26%
CMC	D	0.26%
DBX	D	0.26%
HQY	C	0.26%
G	C	0.26%
CLF	F	0.26%
MSA	D	0.26%
ARW	C	0.26%
LSTR	D	0.26%
OPCH	C	0.25%
LEA	F	0.25%
KBH	A	0.25%
FLS	D	0.25%
AA	D	0.25%
WH	B	0.25%
RLI	B	0.25%
MKSI	F	0.25%
SIGI	D	0.24%
OLLI	C	0.24%
GXO	D	0.24%
MTDR	F	0.24%
CVLT	B	0.24%
NOVT	D	0.24%
BRKR	D	0.24%
LPX	B	0.24%
LFUS	C	0.24%
DAR	F	0.24%
ELF	F	0.24%
STWD	A	0.24%
AMG	C	0.24%
POST	C	0.24%
EXLS	B	0.24%
R	A	0.24%
CHX	F	0.23%
THG	B	0.23%
BC	C	0.23%
VNO	C	0.23%
CADE	C	0.23%
NFG	B	0.23%
KRG	B	0.23%
AGCO	D	0.23%
PVH	F	0.23%
CBT	B	0.23%
ESAB	C	0.23%
COKE	C	0.23%
TKR	D	0.22%
OLN	D	0.22%
KD	D	0.22%
ST	D	0.22%
NXST	D	0.22%
UGI	C	0.22%
HXL	F	0.22%
WTS	C	0.22%
XRAY	D	0.22%
WHR	D	0.21%
GATX	D	0.21%
HOMB	B	0.21%
VNT	F	0.21%
MMS	C	0.21%
MDU	C	0.21%
MUR	F	0.21%
VMI	D	0.21%
CIVI	F	0.21%
EXPO	B	0.21%
THO	D	0.21%
MTSI	D	0.21%
GAP	F	0.2%
CPRI	D	0.2%
GBCI	B	0.2%
FFIN	B	0.2%
AM	C	0.2%
BCO	B	0.2%
SRCL	A	0.2%
VVV	D	0.2%
COLB	B	0.2%
FLO	C	0.19%
KNF	B	0.19%
OZK	D	0.19%
MASI	F	0.19%
WLK	D	0.19%
SLM	D	0.19%
HOG	C	0.19%
JHG	B	0.19%
IRT	B	0.18%
APPF	D	0.18%
DOCS	B	0.18%
ASGN	D	0.18%
SBRA	C	0.18%
SWX	C	0.18%
CUZ	B	0.18%
UMBF	B	0.18%
QLYS	F	0.18%
EEFT	D	0.18%
AVT	C	0.18%
CNX	B	0.17%
BDC	B	0.17%
AVNT	B	0.17%
WU	F	0.17%
AN	D	0.17%
SLGN	B	0.17%
LOPE	D	0.17%
DLB	F	0.17%
ASH	D	0.17%
RYN	C	0.17%
PII	D	0.17%
HWC	D	0.17%
ENS	D	0.16%
KRC	C	0.16%
RMBS	F	0.16%
M	F	0.16%
BYD	C	0.16%
PRGO	D	0.15%
PBF	F	0.15%
KMPR	D	0.15%
HAE	F	0.15%
TEX	F	0.15%
CNO	B	0.15%
NEU	D	0.15%
PCH	C	0.15%
IBOC	D	0.14%
TCBI	B	0.14%
VAL	F	0.14%
MAN	C	0.14%
COTY	F	0.14%
NVST	D	0.14%
SLAB	D	0.14%
BLKB	C	0.14%
LANC	D	0.14%
CNXC	F	0.13%
YETI	D	0.13%
ASB	D	0.13%
POWI	F	0.13%
FHI	A	0.12%
GHC	B	0.12%
RCM	C	0.12%
UAA	C	0.12%
ZI	D	0.12%
TNL	D	0.12%
BHF	F	0.12%
CACC	F	0.12%
PAG	D	0.12%
TGNA	D	0.12%
COLM	C	0.12%
LIVN	D	0.12%
PK	D	0.12%
WEN	C	0.12%
NSP	F	0.12%
VC	F	0.11%
TDC	F	0.11%
SAM	F	0.11%
SYNA	F	0.11%
CRI	D	0.11%
AMKR	F	0.11%
VSH	F	0.1%
ENOV	D	0.1%
VAC	F	0.1%
HGV	F	0.1%
MP	D	0.09%
GT	F	0.09%
JWN	C	0.09%
ZD	D	0.09%
AZTA	F	0.09%
ADNT	F	0.08%
IPGP	F	0.08%
PPC	D	0.07%
HELE	D	0.06%
ALGM	F	0.06%
GEF	D	0.06%

QVMM Underweight 89 Positions Relative to LVHD

Symbol	Grade	Weight
LMT	C	-2.7%
MCD	B	-2.67%
KO	C	-2.62%
KDP	B	-2.59%
MDLZ	B	-2.58%
IBM	B	-2.49%
DUK	C	-2.48%
SO	B	-2.47%
HD	B	-2.46%
PEP	C	-2.45%
JNJ	C	-2.45%
MO	C	-2.45%
CSCO	C	-2.44%
HSY	C	-2.4%
VZ	B	-2.38%
AEP	C	-2.25%
USB	B	-2.25%
KMB	D	-2.16%
GIS	B	-2.11%
CVX	D	-2.07%
KHC	C	-2.01%
XEL	B	-1.94%
EXC	C	-1.92%
PAYX	C	-1.9%
OKE	B	-1.83%
SYY	D	-1.79%
K	B	-1.76%
PNC	B	-1.72%
VICI	C	-1.59%
DRI	B	-1.55%
WEC	C	-1.45%
ED	C	-1.4%
ETR	B	-1.38%
LYB	D	-1.25%
OMC	B	-1.1%
DTE	C	-1.06%
FANG	D	-1.06%
AEE	C	-1.04%
NI	B	-0.97%
FE	C	-0.95%
PKG	B	-0.95%
IPG	C	-0.93%
MAA	B	-0.91%
EVRG	B	-0.9%
EQR	B	-0.85%
ESS	B	-0.85%
KIM	C	-0.82%
LNT	B	-0.72%
PNW	C	-0.69%
REG	C	-0.67%
EPRT	B	-0.31%
DOC	C	-0.28%
APLE	D	-0.22%
HIW	B	-0.22%
CTRE	C	-0.18%
BNL	B	-0.16%
AVA	C	-0.15%
FULT	D	-0.15%
FIBK	B	-0.14%
BOH	D	-0.13%
LXP	B	-0.13%
NTST	D	-0.12%
ROIC	C	-0.12%
CBU	C	-0.11%
AUB	D	-0.11%
FHB	D	-0.11%
NHI	C	-0.1%
FCPT	C	-0.1%
UVV	D	-0.09%
CNA	C	-0.09%
CVBF	D	-0.09%
LTC	C	-0.08%
NWN	C	-0.08%
VGR	B	-0.08%
PFS	B	-0.08%
DEA	B	-0.08%
GTY	B	-0.07%
UNIT	C	-0.07%
LADR	C	-0.06%
NBTB	D	-0.06%
FFBC	D	-0.06%
HOPE	B	-0.06%
TOWN	B	-0.06%
AAT	B	-0.06%
NWBI	C	-0.06%
FRME	D	-0.06%
WABC	D	-0.05%
PFBC	D	-0.05%
FCF	C	-0.05%