QVMM vs. SDD ETF Comparison

Comparison of Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) to ProShares UltraShort SmallCap600 (SDD)

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

$29.78

Average Daily Volume

1,047

Number of Holdings ^*

352

* may have additional holdings in another (foreign) market

SDD

ProShares UltraShort SmallCap600

SDD Description

The investment seeks daily investment results before fees and expenses that correspond to two times the inverse (-2x) of the daily performance of the S&P SmallCap 600®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$14.29

Average Daily Volume

1,257

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QVMM	SDD
30 Days	0.78%	-5.34%
60 Days	3.83%	-7.80%
90 Days	5.94%	-12.02%
12 Months	27.76%	-37.17%

19 Overlapping Holdings

Symbol	Grade	Weight in QVMM	Weight in SDD	Overlap
ADC	A	0.26%	0.39%	0.26%
AIT	B	0.38%	0.33%	0.33%
BLD	F	0.44%	0.48%	0.44%
COLB	B	0.24%	0.35%	0.24%
CROX	F	0.24%	0.36%	0.24%
DAR	B	0.28%	0.61%	0.28%
EXLS	B	0.26%	0.31%	0.26%
EXPO	D	0.18%	0.47%	0.18%
GBCI	B	0.25%	0.49%	0.25%
LAD	B	0.41%	0.41%	0.41%
MEDP	D	0.29%	0.32%	0.29%
NEOG	D	0.11%	0.47%	0.11%
ONB	B	0.26%	0.4%	0.26%
QLYS	C	0.2%	0.36%	0.2%
SAIA	C	0.45%	0.32%	0.32%
SSD	D	0.29%	0.43%	0.29%
UFPI	C	0.31%	0.38%	0.31%
WING	D	0.34%	0.35%	0.34%
WTS	B	0.21%	0.36%	0.21%

QVMM Overweight 333 Positions Relative to SDD

Symbol	Grade	Weight
TPL	A	0.99%
EME	A	0.84%
CSL	C	0.8%
LII	A	0.73%
IBKR	A	0.71%
XPO	B	0.68%
RS	B	0.66%
UTHR	C	0.64%
OC	A	0.63%
RPM	B	0.61%
BURL	A	0.61%
RBA	A	0.61%
WSO	A	0.61%
MANH	D	0.6%
TOL	B	0.59%
FIX	A	0.59%
THC	C	0.59%
WSM	D	0.59%
PSTG	F	0.58%
FNF	A	0.57%
RGA	B	0.56%
EQH	B	0.56%
EWBC	A	0.55%
USFD	A	0.54%
ACM	B	0.54%
GGG	B	0.54%
CASY	A	0.52%
SFM	A	0.52%
CW	B	0.51%
COHR	B	0.49%
TXRH	B	0.49%
AVTR	F	0.49%
PFGC	B	0.49%
RNR	C	0.48%
DKS	D	0.47%
GLPI	C	0.47%
ITT	A	0.47%
JEF	A	0.47%
UNM	A	0.47%
BMRN	F	0.47%
CLH	C	0.46%
NBIX	C	0.46%
RRX	B	0.46%
LECO	C	0.46%
ALLY	C	0.46%
NVT	C	0.46%
OVV	C	0.44%
SF	B	0.44%
BWXT	A	0.44%
JLL	D	0.44%
SCI	A	0.43%
ATR	B	0.42%
BJ	B	0.42%
FHN	A	0.42%
AMH	C	0.42%
FND	F	0.41%
WPC	C	0.41%
CACI	C	0.4%
LAMR	D	0.4%
KNSL	B	0.4%
DUOL	A	0.4%
WBS	A	0.39%
EVR	B	0.39%
TTEK	F	0.39%
EXP	B	0.38%
PRI	A	0.38%
CIEN	B	0.38%
AA	A	0.38%
CCK	D	0.38%
CUBE	C	0.37%
PNFP	B	0.37%
WWD	B	0.37%
DTM	A	0.36%
TPX	B	0.36%
AYI	B	0.36%
EHC	B	0.36%
ORI	A	0.35%
SNX	D	0.35%
EXEL	B	0.35%
HLI	B	0.35%
MUSA	B	0.35%
GMED	A	0.34%
DCI	B	0.34%
WTRG	B	0.34%
TTC	F	0.34%
OHI	B	0.34%
ZION	B	0.34%
WCC	B	0.34%
WMS	F	0.34%
INGR	B	0.34%
FLR	B	0.34%
ARMK	C	0.34%
NYT	D	0.33%
CHDN	C	0.33%
AFG	A	0.33%
FBIN	F	0.33%
RGLD	C	0.33%
KNX	B	0.33%
AAON	B	0.33%
AXTA	B	0.33%
CFR	B	0.33%
RBC	A	0.33%
GPK	D	0.32%
AR	B	0.32%
CHRD	F	0.32%
BRBR	A	0.32%
PCTY	B	0.32%
CR	A	0.32%
MORN	B	0.32%
KBR	F	0.32%
REXR	F	0.32%
X	C	0.32%
WTFC	B	0.32%
MTZ	A	0.31%
SNV	B	0.31%
CHE	F	0.31%
HQY	A	0.31%
CNM	C	0.31%
ONTO	F	0.31%
CBSH	A	0.31%
SKX	F	0.3%
PR	B	0.3%
SSB	B	0.3%
JAZZ	C	0.3%
FLS	A	0.3%
BRX	A	0.3%
HRB	D	0.29%
OGE	A	0.29%
SEIC	B	0.29%
ANF	C	0.29%
EGP	D	0.29%
GME	C	0.29%
RRC	B	0.29%
LNW	F	0.29%
KEX	B	0.28%
WH	B	0.28%
MIDD	D	0.28%
CVLT	B	0.28%
BERY	D	0.28%
R	B	0.28%
PB	A	0.28%
OSK	C	0.28%
CMC	B	0.27%
G	B	0.27%
TREX	D	0.27%
VOYA	B	0.27%
RGEN	F	0.27%
ESAB	C	0.27%
ALV	C	0.27%
MTDR	C	0.27%
TMHC	B	0.27%
GXO	B	0.26%
VMI	B	0.26%
CGNX	D	0.26%
MASI	B	0.26%
LSCC	D	0.26%
HALO	F	0.26%
LPX	B	0.26%
CADE	B	0.26%
NNN	C	0.26%
H	B	0.26%
MTSI	B	0.26%
RYAN	B	0.26%
GNTX	F	0.26%
WEX	F	0.26%
DINO	D	0.25%
FR	C	0.25%
WFRD	F	0.25%
FCN	F	0.25%
NOV	D	0.25%
RLI	A	0.25%
VNT	C	0.24%
KD	A	0.24%
MAT	D	0.24%
STAG	D	0.24%
MSA	D	0.24%
LFUS	D	0.24%
LSTR	D	0.24%
MTG	D	0.24%
OLED	F	0.24%
FNB	B	0.23%
THO	C	0.23%
DOCS	C	0.23%
CHX	C	0.23%
FAF	C	0.23%
ARW	F	0.23%
NOVT	D	0.23%
WHR	B	0.23%
VNO	C	0.23%
LEA	F	0.22%
ESNT	D	0.22%
FYBR	C	0.22%
RMBS	C	0.22%
ALTR	B	0.22%
PVH	C	0.22%
CBT	C	0.22%
SIGI	B	0.22%
JHG	B	0.22%
STWD	C	0.22%
AMG	C	0.22%
SAIC	F	0.22%
CLF	F	0.22%
VVV	D	0.21%
KRG	A	0.21%
THG	A	0.21%
HOMB	A	0.21%
CNX	A	0.21%
KBH	D	0.21%
COKE	C	0.21%
UBSI	B	0.21%
BRKR	F	0.2%
BC	D	0.2%
HWC	B	0.2%
GATX	B	0.2%
SLM	B	0.2%
CRUS	F	0.2%
IDA	A	0.2%
LNTH	F	0.2%
AGCO	F	0.2%
MUR	F	0.19%
MMS	D	0.19%
OLN	F	0.19%
KNF	B	0.19%
AM	A	0.19%
GAP	D	0.19%
BDC	B	0.19%
FFIN	B	0.19%
CIVI	D	0.19%
NFG	A	0.19%
POST	C	0.19%
NXST	C	0.19%
OZK	B	0.19%
ST	F	0.19%
UMBF	B	0.19%
BYD	B	0.18%
AVNT	B	0.18%
LOPE	B	0.18%
APPF	C	0.18%
UGI	C	0.18%
HXL	F	0.18%
SON	F	0.18%
TKR	F	0.18%
OLLI	D	0.18%
AVT	C	0.18%
POR	C	0.17%
IRT	A	0.17%
WMG	C	0.17%
SWX	A	0.17%
HAE	C	0.17%
EEFT	C	0.17%
DLB	F	0.16%
KMPR	A	0.16%
ASGN	F	0.16%
M	D	0.16%
CNO	B	0.16%
SLGN	A	0.16%
AN	D	0.16%
CELH	F	0.16%
CUZ	B	0.16%
VLY	B	0.16%
NJR	A	0.16%
PNM	B	0.15%
ASH	F	0.15%
MSM	D	0.15%
ENS	D	0.15%
HOG	F	0.15%
FLO	D	0.15%
BKH	A	0.15%
ORA	B	0.15%
UAA	C	0.15%
WLK	F	0.15%
KRC	C	0.15%
BCO	F	0.15%
ASB	B	0.15%
NEU	D	0.14%
PII	F	0.14%
SR	A	0.14%
ROIV	D	0.14%
ACHC	F	0.14%
PRGO	C	0.14%
TEX	D	0.14%
SBRA	B	0.14%
RYN	D	0.14%
IBOC	B	0.14%
TNL	B	0.14%
OGS	A	0.14%
TCBI	B	0.14%
NVST	C	0.13%
PBF	D	0.13%
PAG	B	0.13%
LANC	D	0.13%
SLAB	F	0.13%
WU	F	0.13%
ALE	A	0.13%
XRAY	D	0.13%
OPCH	F	0.13%
VAC	C	0.12%
EPR	D	0.12%
NWE	C	0.12%
SYNA	D	0.12%
FHI	B	0.12%
PCH	D	0.12%
CDP	C	0.12%
PK	D	0.12%
VAL	F	0.12%
GHC	B	0.12%
BHF	C	0.12%
YETI	D	0.12%
LIVN	D	0.11%
ZI	D	0.11%
GT	C	0.11%
WEN	C	0.11%
MAN	F	0.11%
HGV	C	0.11%
CXT	C	0.1%
RCM	A	0.1%
COLM	B	0.1%
VC	F	0.1%
COTY	F	0.1%
AMKR	F	0.1%
NSP	F	0.1%
NSA	C	0.1%
SAM	C	0.1%
ENOV	C	0.09%
AZTA	F	0.09%
VSH	F	0.08%
JWN	C	0.08%
IPGP	D	0.08%
PPC	B	0.08%
CRI	F	0.07%
CNXC	F	0.07%
CPRI	F	0.07%
GEF	B	0.06%

QVMM Underweight 72 Positions Relative to SDD

Symbol	Grade	Weight
JBT	A	-0.47%
VIAV	C	-0.46%
OMCL	C	-0.46%
CBU	B	-0.46%
STRA	C	-0.45%
BCPC	B	-0.44%
NEO	C	-0.43%
SHOO	D	-0.42%
AVA	C	-0.42%
SKYW	B	-0.42%
B	A	-0.41%
AWR	A	-0.41%
UNF	B	-0.41%
AMN	F	-0.4%
CNMD	C	-0.4%
CCOI	B	-0.39%
POWI	D	-0.39%
ITRI	B	-0.39%
SFNC	B	-0.38%
MOG.A	B	-0.38%
BRC	C	-0.37%
CVBF	B	-0.37%
PRLB	C	-0.37%
ITGR	B	-0.37%
JJSF	C	-0.36%
AEIS	B	-0.36%
ABCB	B	-0.36%
INDB	B	-0.35%
WWW	A	-0.35%
LCII	D	-0.35%
ABM	B	-0.34%
WDFC	B	-0.34%
FOXF	F	-0.34%
LXP	D	-0.34%
SEM	B	-0.33%
ESE	B	-0.33%
IOSP	C	-0.33%
IRDM	F	-0.33%
ARI	C	-0.33%
ROG	D	-0.32%
CWT	C	-0.32%
GTLS	A	-0.32%
MNRO	C	-0.32%
FUL	F	-0.32%
NSIT	F	-0.32%
LPSN	F	-0.32%
AIN	C	-0.31%
SANM	B	-0.31%
HI	C	-0.31%
DIOD	F	-0.31%
EBS	C	-0.31%
IVR	D	-0.31%
FN	B	-0.31%
FELE	B	-0.3%
PMT	D	-0.3%
SPXC	A	-0.3%
ALGT	C	-0.3%
MTH	D	-0.3%
ENSG	D	-0.3%
KFY	B	-0.3%
FFBC	B	-0.3%
ACA	A	-0.29%
AAT	A	-0.29%
DORM	B	-0.29%
NMIH	D	-0.29%
PLXS	B	-0.29%
XHR	B	-0.29%
KWR	D	-0.28%
PRGS	B	-0.28%
FBP	B	-0.28%
AKR	A	-0.28%
NWN	A	-0.28%