QVMM vs. TMSL ETF Comparison

Comparison of Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL)

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

$30.46

Average Daily Volume

1,049

Number of Holdings ^*

352

* may have additional holdings in another (foreign) market

TMSL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF

TMSL Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in assets issued by small- or mid-cap companies. The fund may at times invest significantly in certain sectors, such as the information technology sector.

Grade (RS Rating)

Last Trade

$34.42

Average Daily Volume

71,985

Number of Holdings ^*

256

* may have additional holdings in another (foreign) market

Performance

Period	QVMM	TMSL
30 Days	4.70%	5.15%
60 Days	6.17%	5.62%
90 Days	6.60%	6.97%
12 Months	31.35%	34.59%

88 Overlapping Holdings

Symbol	Grade	Weight in QVMM	Weight in TMSL	Overlap
ACM	B	0.54%	0.12%	0.12%
AGCO	D	0.2%	0.5%	0.2%
ALV	C	0.27%	0.22%	0.22%
APPF	B	0.18%	0.08%	0.08%
ARMK	B	0.34%	0.28%	0.28%
ASGN	F	0.16%	0.28%	0.16%
AVNT	B	0.18%	0.16%	0.16%
AYI	B	0.36%	0.27%	0.27%
BCO	F	0.15%	0.39%	0.15%
BDC	C	0.19%	0.59%	0.19%
BERY	C	0.28%	0.28%	0.28%
BJ	A	0.42%	0.28%	0.28%
BLD	D	0.44%	0.23%	0.23%
BRX	A	0.3%	0.43%	0.3%
BURL	B	0.61%	0.53%	0.53%
BWXT	B	0.44%	0.16%	0.16%
CASY	A	0.52%	0.26%	0.26%
CELH	F	0.16%	0.22%	0.16%
CHDN	B	0.33%	0.25%	0.25%
CLH	C	0.46%	0.48%	0.46%
CUBE	C	0.37%	0.59%	0.37%
CVLT	B	0.28%	0.15%	0.15%
CW	C	0.51%	0.49%	0.49%
DUOL	A	0.4%	0.47%	0.4%
EEFT	B	0.17%	0.23%	0.17%
EHC	B	0.36%	0.45%	0.36%
EME	A	0.84%	0.54%	0.54%
ENS	F	0.15%	0.17%	0.15%
EPR	C	0.12%	0.21%	0.12%
EQH	C	0.56%	0.46%	0.46%
ESAB	C	0.27%	0.81%	0.27%
ESNT	F	0.22%	0.13%	0.13%
EWBC	A	0.55%	0.48%	0.48%
FCN	F	0.25%	0.28%	0.25%
FIX	A	0.59%	0.16%	0.16%
FLO	D	0.15%	0.33%	0.15%
FND	D	0.41%	0.39%	0.39%
KEX	B	0.28%	0.2%	0.2%
KMPR	A	0.16%	0.32%	0.16%
KRC	B	0.15%	0.26%	0.15%
LAMR	C	0.4%	0.79%	0.4%
LPX	B	0.26%	0.3%	0.26%
LSCC	D	0.26%	0.21%	0.21%
LSTR	D	0.24%	0.28%	0.24%
MANH	D	0.6%	0.3%	0.3%
MIDD	C	0.28%	0.44%	0.28%
MORN	B	0.32%	0.44%	0.32%
NBIX	C	0.46%	0.29%	0.29%
NFG	A	0.19%	0.19%	0.19%
NWE	B	0.12%	0.19%	0.12%
NXST	C	0.19%	0.35%	0.19%
OC	A	0.63%	0.3%	0.3%
OLLI	D	0.18%	0.19%	0.18%
OPCH	D	0.13%	0.54%	0.13%
PCTY	C	0.32%	0.24%	0.24%
PFGC	B	0.49%	0.25%	0.25%
PK	C	0.12%	0.2%	0.12%
POR	C	0.17%	0.3%	0.17%
PR	B	0.3%	0.36%	0.3%
REXR	F	0.32%	0.84%	0.32%
RGA	A	0.56%	0.51%	0.51%
RGEN	D	0.27%	0.21%	0.21%
RNR	C	0.48%	0.95%	0.48%
RPM	A	0.61%	0.77%	0.61%
RRC	B	0.29%	0.43%	0.29%
RS	B	0.66%	0.61%	0.61%
RYN	D	0.14%	0.39%	0.14%
SAIA	B	0.45%	0.56%	0.45%
SCI	B	0.43%	0.25%	0.25%
ST	F	0.19%	0.46%	0.19%
THC	D	0.59%	1.13%	0.59%
THG	A	0.21%	0.2%	0.2%
TKR	D	0.18%	0.42%	0.18%
TNL	A	0.14%	0.4%	0.14%
TOL	B	0.59%	0.6%	0.59%
TREX	C	0.27%	0.23%	0.23%
TTC	C	0.34%	0.45%	0.34%
TXRH	B	0.49%	0.2%	0.2%
UFPI	C	0.31%	0.22%	0.22%
USFD	A	0.54%	0.32%	0.32%
VNO	C	0.23%	0.58%	0.23%
VNT	C	0.24%	0.26%	0.24%
VOYA	B	0.27%	0.67%	0.27%
WBS	A	0.39%	0.8%	0.39%
WFRD	D	0.25%	0.22%	0.22%
WING	D	0.34%	0.5%	0.34%
WU	F	0.13%	0.62%	0.13%
XRAY	F	0.13%	0.15%	0.13%

QVMM Overweight 264 Positions Relative to TMSL

Symbol	Grade	Weight
TPL	A	0.99%
CSL	C	0.8%
LII	A	0.73%
IBKR	A	0.71%
XPO	B	0.68%
UTHR	C	0.64%
RBA	A	0.61%
WSO	A	0.61%
WSM	C	0.59%
PSTG	D	0.58%
FNF	B	0.57%
GGG	B	0.54%
SFM	A	0.52%
COHR	B	0.49%
AVTR	F	0.49%
DKS	D	0.47%
GLPI	C	0.47%
ITT	A	0.47%
JEF	A	0.47%
UNM	A	0.47%
BMRN	F	0.47%
RRX	B	0.46%
LECO	C	0.46%
ALLY	C	0.46%
NVT	B	0.46%
OVV	B	0.44%
SF	B	0.44%
JLL	D	0.44%
ATR	B	0.42%
FHN	A	0.42%
AMH	C	0.42%
WPC	C	0.41%
LAD	A	0.41%
CACI	D	0.4%
KNSL	B	0.4%
EVR	B	0.39%
TTEK	F	0.39%
EXP	B	0.38%
PRI	B	0.38%
AIT	B	0.38%
CIEN	C	0.38%
AA	A	0.38%
CCK	D	0.38%
PNFP	B	0.37%
WWD	C	0.37%
DTM	A	0.36%
TPX	B	0.36%
ORI	A	0.35%
SNX	D	0.35%
EXEL	B	0.35%
HLI	A	0.35%
MUSA	B	0.35%
GMED	A	0.34%
DCI	B	0.34%
WTRG	B	0.34%
OHI	C	0.34%
ZION	B	0.34%
WCC	B	0.34%
WMS	F	0.34%
INGR	C	0.34%
FLR	B	0.34%
NYT	D	0.33%
AFG	A	0.33%
FBIN	D	0.33%
RGLD	C	0.33%
KNX	C	0.33%
AAON	B	0.33%
AXTA	B	0.33%
CFR	B	0.33%
RBC	A	0.33%
GPK	C	0.32%
AR	B	0.32%
CHRD	D	0.32%
BRBR	A	0.32%
CR	A	0.32%
KBR	F	0.32%
X	B	0.32%
WTFC	A	0.32%
MTZ	B	0.31%
SNV	C	0.31%
CHE	D	0.31%
HQY	A	0.31%
CNM	D	0.31%
ONTO	F	0.31%
CBSH	B	0.31%
SKX	D	0.3%
SSB	B	0.3%
JAZZ	B	0.3%
FLS	B	0.3%
SSD	F	0.29%
HRB	D	0.29%
OGE	A	0.29%
SEIC	B	0.29%
ANF	F	0.29%
EGP	D	0.29%
GME	C	0.29%
MEDP	D	0.29%
LNW	F	0.29%
WH	B	0.28%
R	B	0.28%
DAR	C	0.28%
PB	B	0.28%
OSK	C	0.28%
CMC	B	0.27%
G	B	0.27%
MTDR	B	0.27%
TMHC	C	0.27%
ADC	A	0.26%
GXO	B	0.26%
VMI	B	0.26%
CGNX	D	0.26%
MASI	B	0.26%
HALO	F	0.26%
CADE	B	0.26%
NNN	C	0.26%
H	B	0.26%
MTSI	B	0.26%
ONB	C	0.26%
RYAN	A	0.26%
EXLS	B	0.26%
GNTX	C	0.26%
WEX	D	0.26%
DINO	D	0.25%
FR	D	0.25%
GBCI	B	0.25%
NOV	C	0.25%
RLI	A	0.25%
KD	B	0.24%
MAT	D	0.24%
STAG	D	0.24%
MSA	F	0.24%
LFUS	D	0.24%
MTG	C	0.24%
CROX	D	0.24%
OLED	F	0.24%
COLB	B	0.24%
FNB	A	0.23%
THO	B	0.23%
DOCS	C	0.23%
CHX	C	0.23%
FAF	A	0.23%
ARW	D	0.23%
NOVT	D	0.23%
WHR	B	0.23%
LEA	F	0.22%
FYBR	C	0.22%
RMBS	B	0.22%
ALTR	B	0.22%
PVH	C	0.22%
CBT	D	0.22%
SIGI	C	0.22%
JHG	B	0.22%
STWD	C	0.22%
AMG	B	0.22%
SAIC	F	0.22%
CLF	F	0.22%
VVV	D	0.21%
KRG	B	0.21%
WTS	B	0.21%
HOMB	A	0.21%
CNX	A	0.21%
KBH	D	0.21%
COKE	C	0.21%
UBSI	B	0.21%
QLYS	B	0.2%
BRKR	D	0.2%
BC	C	0.2%
HWC	B	0.2%
GATX	A	0.2%
SLM	A	0.2%
CRUS	D	0.2%
IDA	A	0.2%
LNTH	D	0.2%
MUR	D	0.19%
MMS	F	0.19%
OLN	F	0.19%
KNF	B	0.19%
AM	A	0.19%
GAP	C	0.19%
FFIN	B	0.19%
CIVI	D	0.19%
POST	C	0.19%
OZK	B	0.19%
UMBF	B	0.19%
BYD	B	0.18%
LOPE	C	0.18%
EXPO	D	0.18%
UGI	C	0.18%
HXL	F	0.18%
SON	F	0.18%
AVT	C	0.18%
IRT	A	0.17%
WMG	D	0.17%
SWX	B	0.17%
HAE	C	0.17%
DLB	B	0.16%
M	F	0.16%
CNO	B	0.16%
SLGN	A	0.16%
AN	C	0.16%
CUZ	B	0.16%
VLY	B	0.16%
NJR	A	0.16%
PNM	B	0.15%
ASH	F	0.15%
MSM	C	0.15%
HOG	D	0.15%
BKH	A	0.15%
ORA	B	0.15%
UAA	C	0.15%
WLK	D	0.15%
ASB	B	0.15%
NEU	D	0.14%
PII	F	0.14%
SR	A	0.14%
ROIV	C	0.14%
ACHC	F	0.14%
PRGO	C	0.14%
TEX	F	0.14%
SBRA	C	0.14%
IBOC	B	0.14%
OGS	A	0.14%
TCBI	C	0.14%
NVST	B	0.13%
PBF	D	0.13%
PAG	B	0.13%
LANC	C	0.13%
SLAB	F	0.13%
ALE	A	0.13%
VAC	C	0.12%
SYNA	C	0.12%
FHI	B	0.12%
PCH	F	0.12%
CDP	C	0.12%
VAL	F	0.12%
GHC	B	0.12%
BHF	C	0.12%
YETI	D	0.12%
LIVN	F	0.11%
ZI	D	0.11%
GT	C	0.11%
WEN	D	0.11%
MAN	F	0.11%
NEOG	F	0.11%
HGV	C	0.11%
CXT	C	0.1%
RCM	A	0.1%
COLM	C	0.1%
VC	F	0.1%
COTY	F	0.1%
AMKR	D	0.1%
NSP	F	0.1%
NSA	C	0.1%
SAM	C	0.1%
ENOV	C	0.09%
AZTA	D	0.09%
VSH	F	0.08%
JWN	D	0.08%
IPGP	D	0.08%
PPC	C	0.08%
CRI	F	0.07%
CNXC	F	0.07%
CPRI	F	0.07%
GEF	A	0.06%

QVMM Underweight 168 Positions Relative to TMSL

Symbol	Grade	Weight
SWK	D	-1.44%
SEM	B	-1.35%
FTI	A	-1.23%
CPAY	A	-1.23%
MKSI	C	-1.19%
TXT	D	-1.17%
WAL	B	-1.15%
BPOP	C	-1.14%
DT	D	-0.87%
SSNC	B	-0.75%
GDDY	A	-0.75%
HII	F	-0.75%
DOCU	B	-0.71%
LDOS	C	-0.65%
BFAM	D	-0.65%
GEN	B	-0.64%
RL	C	-0.63%
TFX	F	-0.61%
INSM	C	-0.59%
NTNX	B	-0.59%
NI	A	-0.59%
CRBG	B	-0.58%
ZBRA	B	-0.57%
HBAN	A	-0.56%
PATK	C	-0.56%
SITE	F	-0.55%
STLD	B	-0.54%
CF	A	-0.53%
ENTG	D	-0.52%
FBP	C	-0.52%
XPRO	D	-0.52%
STNG	F	-0.52%
MNDY	C	-0.51%
WYNN	C	-0.51%
MWA	B	-0.51%
CVNA	B	-0.5%
SUM	B	-0.5%
VTRS	A	-0.5%
IOT	A	-0.49%
APG	B	-0.48%
WSC	F	-0.48%
COOP	B	-0.47%
BLX	B	-0.46%
EXAS	D	-0.45%
TYL	B	-0.45%
OMF	A	-0.45%
TOST	B	-0.43%
HUBB	B	-0.43%
JBL	C	-0.42%
PLNT	A	-0.41%
LRN	A	-0.41%
KFY	B	-0.41%
FMC	D	-0.41%
NVR	D	-0.41%
HOLX	D	-0.4%
EG	C	-0.4%
VFC	C	-0.39%
AEE	A	-0.39%
AWI	A	-0.39%
DKNG	B	-0.39%
BBWI	C	-0.38%
SUI	C	-0.38%
DPZ	C	-0.38%
NCLH	B	-0.37%
PHIN	A	-0.37%
VRRM	F	-0.37%
REG	A	-0.36%
PTC	B	-0.36%
FITB	B	-0.35%
NWS	A	-0.35%
PCVX	D	-0.34%
UHS	D	-0.34%
RNA	C	-0.34%
UPWK	B	-0.33%
STGW	A	-0.33%
ULTA	F	-0.33%
DRH	B	-0.32%
BPMC	B	-0.32%
GEO	B	-0.32%
DOLE	D	-0.32%
MAIN	A	-0.31%
DOX	D	-0.31%
SKWD	A	-0.31%
RVTY	F	-0.31%
MOH	F	-0.3%
HWM	A	-0.29%
EVRI	A	-0.29%
SHOO	F	-0.29%
TECH	F	-0.28%
OFG	B	-0.28%
LPLA	A	-0.27%
FTDR	B	-0.27%
ATEN	A	-0.27%
PAYO	A	-0.27%
ELS	C	-0.26%
CPA	D	-0.26%
STEP	C	-0.26%
ELF	C	-0.26%
ELAN	D	-0.26%
PLAB	C	-0.25%
HST	C	-0.25%
KYMR	D	-0.25%
NTRA	A	-0.25%
BLDR	D	-0.25%
VRTS	B	-0.25%
AZEK	A	-0.24%
MTX	B	-0.24%
MCB	B	-0.24%
GLOB	B	-0.24%
RVMD	C	-0.24%
BLBD	D	-0.24%
BOX	B	-0.24%
CBOE	C	-0.23%
CRNX	C	-0.23%
OIS	B	-0.23%
RDDT	A	-0.23%
CTLT	C	-0.23%
TDW	F	-0.22%
CRL	D	-0.22%
ESS	B	-0.22%
ALKS	C	-0.21%
ONON	A	-0.21%
VRNT	C	-0.21%
BRZE	C	-0.21%
WFG	C	-0.21%
LPRO	B	-0.21%
SWN	C	-0.2%
PRDO	B	-0.2%
EVRG	A	-0.2%
CWEN	C	-0.2%
HAFC	B	-0.19%
BGNE	D	-0.18%
AHH	D	-0.18%
LUV	C	-0.18%
LEGN	D	-0.18%
RARE	F	-0.18%
PBH	A	-0.17%
TW	A	-0.17%
WDC	D	-0.17%
PLUS	F	-0.16%
BFS	C	-0.16%
AVY	F	-0.16%
REPL	D	-0.16%
SRPT	F	-0.16%
VERA	C	-0.16%
GMRE	F	-0.15%
HIG	B	-0.15%
CNP	A	-0.15%
WTTR	A	-0.15%
NRIX	C	-0.14%
TDC	D	-0.14%
AMAL	B	-0.14%
XNCR	B	-0.12%
ASND	F	-0.12%
NTLA	F	-0.11%
MDGL	B	-0.11%
ACAD	C	-0.11%
CLDX	F	-0.11%
IONS	F	-0.11%
AKRO	B	-0.11%
IDYA	F	-0.1%
ANET	C	-0.1%
RCKT	F	-0.08%
BXC	B	-0.08%
PRTA	F	-0.07%
SRRK	C	-0.06%
PLRX	D	-0.06%
SWTX	C	-0.04%