QVMS vs. SPSM ETF Comparison

Comparison of Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) to SPDR Portfolio Small Cap ETF (SPSM)

QVMS

Invesco S&P SmallCap 600 QVM Multi-factor ETF

QVMS Description

The investment seeks to track the investment results of the S&P SmallCap 600 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, designed to track the performance of a subset of securities from the S&P SmallCap 600 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

$25.70

Average Daily Volume

891

Number of Holdings ^*

520

* may have additional holdings in another (foreign) market

SPSM

SPDR Portfolio Small Cap ETF

SPSM Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Small Cap Index that tracks the performance of small capitalization exchange traded U.S. equity securities. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. It may purchase a subset of the securities in the index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.86

Average Daily Volume

1,085,616

Number of Holdings ^*

578

* may have additional holdings in another (foreign) market

Performance

Period	QVMS	SPSM
30 Days	4.59%	4.37%
60 Days	1.51%	1.45%
90 Days	5.86%	5.81%
12 Months	10.86%	9.98%

520 Overlapping Holdings

Symbol	Grade	Weight in QVMS	Weight in SPSM	Overlap
AAP	F	0.37%	0.3%	0.3%
AAT	A	0.1%	0.09%	0.09%
ABCB	A	0.3%	0.27%	0.27%
ABG	C	0.43%	0.38%	0.38%
ABM	B	0.27%	0.27%	0.27%
ABR	B	0.25%	0.23%	0.23%
ACA	C	0.38%	0.34%	0.34%
ACIW	A	0.39%	0.35%	0.35%
ACLS	C	0.34%	0.39%	0.34%
ADUS	B	0.16%	0.17%	0.16%
AEIS	C	0.36%	0.34%	0.34%
AEO	D	0.36%	0.3%	0.3%
AGO	C	0.4%	0.34%	0.34%
AGYS	B	0.2%	0.18%	0.18%
AHCO	D	0.06%	0.06%	0.06%
AHH	C	0.07%	0.06%	0.06%
AIN	D	0.25%	0.22%	0.22%
AIR	A	0.23%	0.2%	0.2%
AKR	B	0.17%	0.16%	0.16%
AL	C	0.47%	0.42%	0.42%
ALEX	C	0.11%	0.1%	0.1%
ALG	F	0.17%	0.15%	0.15%
ALGT	F	0.07%	0.06%	0.06%
ALK	F	0.48%	0.43%	0.43%
ALKS	F	0.35%	0.35%	0.35%
ALRM	C	0.3%	0.27%	0.27%
AMBC	F	0.07%	0.05%	0.05%
AMCX	F	0.03%	0.02%	0.02%
AMN	F	0.19%	0.16%	0.16%
AMPH	F	0.14%	0.12%	0.12%
AMR	D	0.32%	0.31%	0.31%
AMSF	D	0.08%	0.07%	0.07%
AMWD	D	0.12%	0.1%	0.1%
ANDE	F	0.15%	0.13%	0.13%
ANF	C	0.72%	0.77%	0.72%
ANIP	C	0.09%	0.08%	0.08%
AOSL	B	0.07%	0.07%	0.07%
APAM	D	0.27%	0.24%	0.24%
APLE	D	0.28%	0.27%	0.27%
APOG	D	0.13%	0.12%	0.12%
ARCB	D	0.22%	0.21%	0.21%
ARCH	F	0.28%	0.25%	0.25%
ARI	C	0.12%	0.11%	0.11%
ARLO	B	0.12%	0.11%	0.11%
AROC	A	0.26%	0.24%	0.24%
ASIX	F	0.05%	0.05%	0.05%
ASO	F	0.4%	0.32%	0.32%
ASTE	F	0.06%	0.06%	0.06%
ASTH	B	0.16%	0.14%	0.14%
ATEN	D	0.09%	0.08%	0.08%
ATGE	A	0.24%	0.22%	0.22%
ATI	D	0.69%	0.6%	0.6%
AUB	B	0.27%	0.25%	0.25%
AVA	D	0.26%	0.22%	0.22%
AVAV	D	0.42%	0.4%	0.4%
AVNS	C	0.08%	0.08%	0.08%
AWI	C	0.46%	0.42%	0.42%
AWR	C	0.26%	0.22%	0.22%
AX	B	0.26%	0.24%	0.24%
AXL	F	0.08%	0.07%	0.07%
AZZ	C	0.22%	0.19%	0.19%
B	B	0.19%	0.17%	0.17%
BANF	C	0.12%	0.11%	0.11%
BANR	B	0.15%	0.14%	0.14%
BCC	D	0.45%	0.39%	0.39%
BCPC	B	0.45%	0.44%	0.44%
BDN	C	0.07%	0.06%	0.06%
BFS	B	0.04%	0.04%	0.04%
BGC	A	0.31%	0.28%	0.28%
BGS	F	0.06%	0.05%	0.05%
BHE	C	0.13%	0.12%	0.12%
BHLB	B	0.09%	0.08%	0.08%
BJRI	B	0.07%	0.07%	0.07%
BKE	C	0.1%	0.09%	0.09%
BKU	B	0.2%	0.18%	0.18%
BL	F	0.23%	0.21%	0.21%
BLFS	C	0.07%	0.06%	0.06%
BLMN	F	0.17%	0.14%	0.14%
BMI	C	0.51%	0.47%	0.47%
BOH	C	0.21%	0.19%	0.19%
BOOT	C	0.32%	0.33%	0.32%
BRC	C	0.28%	0.25%	0.25%
BRKL	C	0.07%	0.06%	0.06%
BTU	D	0.23%	0.21%	0.21%
BXMT	C	0.29%	0.25%	0.25%
CABO	F	0.16%	0.13%	0.13%
CAKE	D	0.16%	0.15%	0.15%
CAL	D	0.1%	0.09%	0.09%
CALM	A	0.24%	0.21%	0.21%
CARG	B	0.18%	0.16%	0.16%
CARS	C	0.11%	0.1%	0.1%
CASH	B	0.13%	0.12%	0.12%
CATY	C	0.25%	0.22%	0.22%
CBRL	F	0.09%	0.07%	0.07%
CBU	B	0.23%	0.21%	0.21%
CCOI	D	0.23%	0.2%	0.2%
CCRN	F	0.04%	0.04%	0.04%
CCS	C	0.21%	0.19%	0.19%
CEIX	C	0.25%	0.23%	0.23%
CENTA	D	0.21%	0.15%	0.15%
CENX	C	0.09%	0.09%	0.09%
CERT	F	0.15%	0.13%	0.13%
CEVA	D	0.04%	0.04%	0.04%
CFFN	C	0.06%	0.06%	0.06%
CHCO	B	0.14%	0.13%	0.13%
CHCT	D	0.05%	0.05%	0.05%
CHEF	B	0.13%	0.12%	0.12%
CHUY	F	0.04%	0.04%	0.04%
CLB	C	0.09%	0.08%	0.08%
CLW	D	0.08%	0.07%	0.07%
CNK	B	0.2%	0.19%	0.19%
CNMD	F	0.2%	0.17%	0.17%
CNS	B	0.16%	0.16%	0.16%
CNXN	D	0.07%	0.06%	0.06%
COHU	C	0.14%	0.13%	0.13%
COLL	D	0.1%	0.09%	0.09%
COOP	B	0.49%	0.44%	0.44%
CORT	C	0.25%	0.23%	0.23%
CPF	A	0.05%	0.05%	0.05%
CPK	C	0.23%	0.2%	0.2%
CPRX	C	0.16%	0.14%	0.14%
CRC	C	0.3%	0.28%	0.28%
CRK	D	0.09%	0.09%	0.09%
CRS	B	0.51%	0.45%	0.45%
CRSR	F	0.05%	0.04%	0.04%
CRVL	B	0.21%	0.19%	0.19%
CSGS	D	0.11%	0.1%	0.1%
CSR	B	0.1%	0.09%	0.09%
CTRE	B	0.3%	0.3%	0.3%
CTS	C	0.15%	0.13%	0.13%
CUBI	B	0.12%	0.12%	0.12%
CVBF	C	0.21%	0.19%	0.19%
CVCO	C	0.24%	0.22%	0.22%
CVGW	F	0.04%	0.03%	0.03%
CVI	F	0.07%	0.07%	0.07%
CWEN	D	0.28%	0.17%	0.17%
CWEN	D	0.28%	0.07%	0.07%
CWK	A	0.19%	0.17%	0.17%
CWT	C	0.27%	0.23%	0.23%
CXM	F	0.13%	0.1%	0.1%
CXW	D	0.18%	0.12%	0.12%
DAN	F	0.15%	0.13%	0.13%
DBI	F	0.04%	0.02%	0.02%
DCOM	C	0.06%	0.06%	0.06%
DEA	B	0.11%	0.11%	0.11%
DEI	C	0.21%	0.19%	0.19%
DFIN	D	0.14%	0.13%	0.13%
DGII	F	0.08%	0.07%	0.07%
DIOD	C	0.29%	0.28%	0.28%
DLX	C	0.09%	0.08%	0.08%
DNOW	D	0.14%	0.12%	0.12%
DORM	D	0.24%	0.21%	0.21%
DRH	D	0.16%	0.15%	0.15%
DRQ	F	0.06%	0.05%	0.05%
DV	F	0.24%	0.24%	0.24%
DVAX	F	0.13%	0.12%	0.12%
DXC	D	0.26%	0.27%	0.26%
DXPE	D	0.06%	0.05%	0.05%
DY	B	0.45%	0.42%	0.42%
EAT	D	0.31%	0.26%	0.26%
EFC	A	0.09%	0.09%	0.09%
EGBN	D	0.05%	0.05%	0.05%
EIG	B	0.1%	0.09%	0.09%
ENR	C	0.18%	0.17%	0.17%
ENSG	B	0.63%	0.6%	0.6%
ENV	D	0.31%	0.27%	0.27%
ENVA	A	0.16%	0.14%	0.14%
EPAC	B	0.19%	0.18%	0.18%
EPC	B	0.19%	0.17%	0.17%
EPRT	B	0.38%	0.41%	0.38%
ESE	C	0.25%	0.23%	0.23%
ETD	D	0.06%	0.05%	0.05%
EVTC	F	0.2%	0.18%	0.18%
EXPI	D	0.08%	0.07%	0.07%
EYE	F	0.1%	0.08%	0.08%
EZPW	D	0.05%	0.04%	0.04%
FBK	A	0.12%	0.11%	0.11%
FBNC	B	0.12%	0.11%	0.11%
FBP	A	0.28%	0.25%	0.25%
FCF	B	0.13%	0.12%	0.12%
FCPT	B	0.21%	0.19%	0.19%
FDP	D	0.07%	0.06%	0.06%
FELE	C	0.36%	0.32%	0.32%
FFBC	B	0.2%	0.18%	0.18%
FHB	B	0.24%	0.22%	0.22%
FIZZ	C	0.11%	0.1%	0.1%
FL	D	0.21%	0.16%	0.16%
FLGT	F	0.04%	0.03%	0.03%
FN	B	0.83%	0.73%	0.73%
FORM	C	0.41%	0.4%	0.4%
FSS	C	0.5%	0.43%	0.43%
FTDR	D	0.25%	0.23%	0.23%
FTRE	F	0.19%	0.18%	0.18%
FUL	C	0.38%	0.35%	0.35%
FULT	A	0.29%	0.25%	0.25%
FWRD	D	0.04%	0.05%	0.04%
GBX	F	0.15%	0.13%	0.13%
GDEN	F	0.06%	0.05%	0.05%
GDOT	D	0.04%	0.04%	0.04%
GEO	B	0.17%	0.17%	0.17%
GES	D	0.05%	0.05%	0.05%
GFF	D	0.23%	0.2%	0.2%
GIII	F	0.12%	0.09%	0.09%
GKOS	A	0.52%	0.51%	0.51%
GMS	D	0.29%	0.27%	0.27%
GNW	D	0.26%	0.22%	0.22%
GPI	D	0.36%	0.32%	0.32%
GPRE	F	0.1%	0.08%	0.08%
GRBK	A	0.13%	0.12%	0.12%
GSHD	F	0.14%	0.12%	0.12%
GTY	C	0.12%	0.11%	0.11%
GVA	C	0.25%	0.23%	0.23%
HAFC	C	0.04%	0.04%	0.04%
HAIN	F	0.06%	0.05%	0.05%
HASI	C	0.32%	0.28%	0.28%
HAYN	B	0.07%	0.06%	0.06%
HAYW	D	0.15%	0.13%	0.13%
HBI	C	0.16%	0.14%	0.14%
HCC	C	0.31%	0.32%	0.31%
HCI	F	0.06%	0.06%	0.06%
HCSG	D	0.07%	0.07%	0.07%
HFWA	C	0.06%	0.05%	0.05%
HI	D	0.28%	0.23%	0.23%
HIBB	A	0.09%	0.09%	0.09%
HIW	B	0.25%	0.24%	0.24%
HLIT	C	0.13%	0.12%	0.12%
HLX	A	0.16%	0.15%	0.15%
HMN	D	0.12%	0.11%	0.11%
HNI	A	0.2%	0.18%	0.18%
HOPE	B	0.12%	0.11%	0.11%
HP	D	0.35%	0.3%	0.3%
HPP	D	0.06%	0.05%	0.05%
HRMY	C	0.09%	0.08%	0.08%
HSII	D	0.06%	0.05%	0.05%
HSTM	B	0.06%	0.05%	0.05%
HTH	C	0.13%	0.12%	0.12%
HTLD	D	0.05%	0.05%	0.05%
HUBG	C	0.25%	0.22%	0.22%
HVT	F	0.03%	0.03%	0.03%
HWKN	B	0.15%	0.15%	0.15%
HZO	C	0.05%	0.05%	0.05%
IAC	F	0.3%	0.27%	0.27%
IBP	C	0.42%	0.4%	0.4%
IBTX	B	0.15%	0.14%	0.14%
ICHR	C	0.1%	0.11%	0.1%
ICUI	C	0.2%	0.2%	0.2%
IDCC	B	0.26%	0.25%	0.25%
IIIN	D	0.06%	0.05%	0.05%
IIPR	A	0.29%	0.26%	0.26%
INDB	C	0.2%	0.17%	0.17%
INN	D	0.06%	0.05%	0.05%
INVA	B	0.08%	0.08%	0.08%
IOSP	D	0.29%	0.26%	0.26%
IPAR	D	0.2%	0.17%	0.17%
ITGR	C	0.36%	0.33%	0.33%
ITRI	D	0.41%	0.38%	0.38%
JBGS	C	0.12%	0.11%	0.11%
JBLU	C	0.18%	0.17%	0.17%
JBSS	D	0.08%	0.07%	0.07%
JBT	D	0.28%	0.24%	0.24%
JJSF	C	0.23%	0.22%	0.22%
JOE	C	0.18%	0.16%	0.16%
JXN	B	0.49%	0.43%	0.43%
KALU	D	0.13%	0.12%	0.12%
KAR	C	0.17%	0.15%	0.15%
KELYA	F	0.06%	0.06%	0.06%
KFY	C	0.33%	0.3%	0.3%
KLG	F	0.11%	0.09%	0.09%
KLIC	C	0.24%	0.23%	0.23%
KMT	D	0.17%	0.15%	0.15%
KN	A	0.13%	0.13%	0.13%
KOP	F	0.08%	0.06%	0.06%
KREF	D	0.05%	0.04%	0.04%
KSS	D	0.23%	0.2%	0.2%
KTB	D	0.32%	0.27%	0.27%
KWR	D	0.22%	0.2%	0.2%
LBRT	D	0.3%	0.27%	0.27%
LCII	D	0.25%	0.22%	0.22%
LGIH	D	0.17%	0.15%	0.15%
LGND	B	0.13%	0.12%	0.12%
LKFN	C	0.14%	0.13%	0.13%
LMAT	A	0.15%	0.14%	0.14%
LNC	B	0.51%	0.45%	0.45%
LNN	F	0.13%	0.11%	0.11%
LPG	D	0.15%	0.12%	0.12%
LQDT	B	0.04%	0.04%	0.04%
LRN	D	0.25%	0.23%	0.23%
LTC	B	0.13%	0.13%	0.13%
LUMN	F	0.1%	0.09%	0.09%
LXP	B	0.23%	0.23%	0.23%
LZB	B	0.15%	0.13%	0.13%
MAC	C	0.31%	0.27%	0.27%
MARA	D	0.39%	0.48%	0.39%
MATV	D	0.09%	0.08%	0.08%
MATW	F	0.07%	0.06%	0.06%
MATX	C	0.43%	0.38%	0.38%
MC	B	0.36%	0.34%	0.34%
MCRI	C	0.08%	0.07%	0.07%
MCW	F	0.06%	0.05%	0.05%
MCY	D	0.14%	0.12%	0.12%
MD	F	0.06%	0.05%	0.05%
MERC	F	0.04%	0.03%	0.03%
MGEE	C	0.26%	0.23%	0.23%
MGPI	F	0.11%	0.1%	0.1%
MGY	B	0.45%	0.4%	0.4%
MHO	C	0.3%	0.28%	0.28%
MLAB	D	0.04%	0.04%	0.04%
MLI	B	0.62%	0.54%	0.54%
MLKN	C	0.19%	0.16%	0.16%
MMI	C	0.07%	0.06%	0.06%
MMSI	B	0.43%	0.42%	0.42%
MNRO	F	0.06%	0.06%	0.06%
MODG	D	0.2%	0.18%	0.18%
MOG.A	B	0.44%	0.41%	0.41%
MOV	D	0.04%	0.03%	0.03%
MPW	D	0.28%	0.21%	0.21%
MRCY	D	0.13%	0.13%	0.13%
MRTN	D	0.1%	0.09%	0.09%
MTH	C	0.56%	0.48%	0.48%
MTRN	D	0.21%	0.19%	0.19%
MTX	C	0.25%	0.22%	0.22%
MXL	C	0.13%	0.14%	0.13%
MYE	F	0.05%	0.04%	0.04%
MYGN	B	0.19%	0.19%	0.19%
MYRG	D	0.22%	0.19%	0.19%
NABL	B	0.09%	0.09%	0.09%
NAVI	D	0.11%	0.1%	0.1%
NBHC	A	0.13%	0.12%	0.12%
NBR	D	0.06%	0.05%	0.05%
NBTB	B	0.17%	0.15%	0.15%
NEO	D	0.15%	0.15%	0.15%
NHC	B	0.14%	0.13%	0.13%
NMIH	A	0.25%	0.23%	0.23%
NOG	C	0.34%	0.3%	0.3%
NPK	D	0.04%	0.03%	0.03%
NPO	C	0.28%	0.25%	0.25%
NSIT	C	0.49%	0.47%	0.47%
NTCT	F	0.13%	0.11%	0.11%
NUS	F	0.05%	0.05%	0.05%
NVEE	D	0.11%	0.1%	0.1%
NVRI	C	0.07%	0.06%	0.06%
NWBI	B	0.13%	0.12%	0.12%
NWL	F	0.23%	0.2%	0.2%
NWN	C	0.13%	0.11%	0.11%
NX	F	0.1%	0.07%	0.07%
NXRT	C	0.08%	0.07%	0.07%
ODP	F	0.12%	0.11%	0.11%
OFG	A	0.16%	0.15%	0.15%
OGN	C	0.49%	0.44%	0.44%
OI	F	0.16%	0.14%	0.14%
OII	C	0.23%	0.2%	0.2%
OMCL	F	0.12%	0.1%	0.1%
OMI	F	0.1%	0.08%	0.08%
OSIS	B	0.21%	0.18%	0.18%
OTTR	D	0.34%	0.31%	0.31%
OXM	D	0.14%	0.12%	0.12%
PAHC	C	0.03%	0.03%	0.03%
PARR	F	0.14%	0.12%	0.12%
PATK	C	0.22%	0.19%	0.19%
PBH	B	0.31%	0.28%	0.28%
PCRX	F	0.13%	0.08%	0.08%
PDCO	F	0.19%	0.16%	0.16%
PEB	D	0.15%	0.13%	0.13%
PECO	C	0.36%	0.34%	0.34%
PFBC	C	0.09%	0.08%	0.08%
PFS	C	0.17%	0.16%	0.16%
PHIN	D	0.18%	0.15%	0.15%
PINC	F	0.21%	0.16%	0.16%
PIPR	A	0.31%	0.3%	0.3%
PJT	B	0.23%	0.2%	0.2%
PLAB	F	0.15%	0.13%	0.13%
PLAY	F	0.12%	0.1%	0.1%
PLMR	C	0.18%	0.17%	0.17%
PLUS	D	0.18%	0.16%	0.16%
PLXS	C	0.27%	0.24%	0.24%
PMT	C	0.11%	0.1%	0.1%
POWL	D	0.12%	0.12%	0.12%
PPBI	C	0.2%	0.18%	0.18%
PRA	F	0.06%	0.05%	0.05%
PRAA	F	0.07%	0.07%	0.07%
PRDO	D	0.13%	0.12%	0.12%
PRFT	C	0.24%	0.22%	0.22%
PRG	D	0.15%	0.12%	0.12%
PRGS	C	0.22%	0.2%	0.2%
PRK	B	0.18%	0.17%	0.17%
PRLB	D	0.07%	0.07%	0.07%
PRVA	D	0.16%	0.15%	0.15%
PSMT	D	0.19%	0.17%	0.17%
PTEN	F	0.32%	0.26%	0.26%
PUMP	F	0.07%	0.06%	0.06%
QNST	D	0.08%	0.07%	0.07%
RAMP	F	0.19%	0.18%	0.18%
RC	C	0.12%	0.11%	0.11%
RCUS	F	0.07%	0.07%	0.07%
RDN	B	0.44%	0.4%	0.4%
RDNT	B	0.33%	0.33%	0.33%
RES	F	0.05%	0.04%	0.04%
REX	D	0.07%	0.06%	0.06%
REZI	D	0.28%	0.24%	0.24%
RGNX	F	0.05%	0.04%	0.04%
RGR	F	0.07%	0.06%	0.06%
RNST	B	0.16%	0.14%	0.14%
ROCK	D	0.2%	0.18%	0.18%
ROG	C	0.18%	0.17%	0.17%
ROIC	C	0.14%	0.13%	0.13%
RUSHA	C	0.25%	0.22%	0.22%
RWT	C	0.08%	0.07%	0.07%
RXO	B	0.26%	0.26%	0.26%
SAFT	C	0.1%	0.09%	0.09%
SAH	D	0.07%	0.07%	0.07%
SANM	A	0.34%	0.31%	0.31%
SATS	C	0.2%	0.19%	0.19%
SBCF	C	0.18%	0.16%	0.16%
SBH	C	0.11%	0.1%	0.1%
SBSI	C	0.07%	0.06%	0.06%
SCHL	D	0.09%	0.07%	0.07%
SCL	C	0.16%	0.15%	0.15%
SCSC	D	0.11%	0.09%	0.09%
SCVL	B	0.06%	0.05%	0.05%
SEM	A	0.35%	0.33%	0.33%
SFBS	B	0.28%	0.25%	0.25%
SFNC	B	0.2%	0.18%	0.18%
SGH	B	0.1%	0.1%	0.1%
SHAK	D	0.31%	0.27%	0.27%
SHEN	D	0.08%	0.07%	0.07%
SHO	C	0.2%	0.17%	0.17%
SHOO	B	0.28%	0.24%	0.24%
SIG	D	0.37%	0.33%	0.33%
SITC	A	0.23%	0.22%	0.22%
SITM	B	0.19%	0.19%	0.19%
SJW	D	0.15%	0.13%	0.13%
SKT	D	0.27%	0.24%	0.24%
SKYW	B	0.29%	0.28%	0.28%
SLCA	D	0.11%	0.1%	0.1%
SLG	B	0.32%	0.31%	0.31%
SLP	F	0.07%	0.05%	0.05%
SLVM	D	0.23%	0.2%	0.2%
SM	D	0.47%	0.44%	0.44%
SMP	F	0.05%	0.04%	0.04%
SMPL	D	0.31%	0.27%	0.27%
SNCY	D	0.04%	0.04%	0.04%
SNEX	B	0.19%	0.18%	0.18%
SONO	F	0.16%	0.15%	0.15%
SPNT	C	0.11%	0.09%	0.09%
SPSC	C	0.63%	0.59%	0.59%
SPTN	D	0.06%	0.05%	0.05%
SPWR	F	0.02%	0.02%	0.02%
SSTK	F	0.09%	0.07%	0.07%
STAA	C	0.21%	0.18%	0.18%
STBA	A	0.12%	0.11%	0.11%
STC	B	0.16%	0.14%	0.14%
STRA	D	0.22%	0.2%	0.2%
SUPN	C	0.13%	0.12%	0.12%
SVC	F	0.08%	0.07%	0.07%
SXC	C	0.08%	0.07%	0.07%
SXI	C	0.18%	0.16%	0.16%
SXT	B	0.29%	0.26%	0.26%
TALO	D	0.17%	0.16%	0.16%
TBBK	C	0.18%	0.16%	0.16%
TDS	C	0.18%	0.17%	0.17%
THRM	D	0.15%	0.13%	0.13%
THRY	F	0.05%	0.05%	0.05%
THS	D	0.17%	0.15%	0.15%
TILE	D	0.08%	0.07%	0.07%
TMP	C	0.06%	0.05%	0.05%
TNC	D	0.17%	0.16%	0.16%
TPH	B	0.33%	0.29%	0.29%
TR	D	0.05%	0.04%	0.04%
TRIP	F	0.17%	0.16%	0.16%
TRMK	A	0.17%	0.15%	0.15%
TRN	D	0.24%	0.2%	0.2%
TRST	B	0.05%	0.05%	0.05%
TRUP	C	0.11%	0.09%	0.09%
TTMI	B	0.18%	0.17%	0.17%
TWI	F	0.04%	0.03%	0.03%
UCBI	C	0.28%	0.25%	0.25%
UCTT	B	0.18%	0.2%	0.18%
UE	A	0.2%	0.18%	0.18%
UFCS	D	0.04%	0.04%	0.04%
UFPT	B	0.17%	0.17%	0.17%
UHT	C	0.04%	0.04%	0.04%
UNF	C	0.24%	0.21%	0.21%
UNFI	D	0.06%	0.06%	0.06%
URBN	A	0.21%	0.21%	0.21%
USNA	F	0.05%	0.04%	0.04%
USPH	F	0.14%	0.12%	0.12%
UTL	A	0.08%	0.07%	0.07%
UVV	D	0.11%	0.1%	0.1%
VBTX	B	0.1%	0.1%	0.1%
VCEL	C	0.23%	0.18%	0.18%
VECO	C	0.21%	0.23%	0.21%
VIAV	F	0.14%	0.13%	0.13%
VICR	D	0.07%	0.06%	0.06%
VREX	F	0.05%	0.05%	0.05%
VRRM	B	0.42%	0.38%	0.38%
VRTS	C	0.14%	0.13%	0.13%
VSAT	F	0.11%	0.09%	0.09%
VSCO	D	0.16%	0.11%	0.11%
VSTO	B	0.19%	0.18%	0.18%
VSTS	D	0.15%	0.13%	0.13%
VTOL	C	0.08%	0.07%	0.07%
VVI	C	0.06%	0.06%	0.06%
WABC	C	0.12%	0.11%	0.11%
WAFD	C	0.18%	0.16%	0.16%
WD	C	0.29%	0.27%	0.27%
WDFC	D	0.28%	0.24%	0.24%
WGO	F	0.15%	0.13%	0.13%
WNC	F	0.1%	0.08%	0.08%
WOR	F	0.14%	0.12%	0.12%
WRLD	C	0.04%	0.04%	0.04%
WS	C	0.1%	0.08%	0.08%
WSFS	B	0.25%	0.24%	0.24%
WSR	A	0.06%	0.05%	0.05%
WWW	D	0.1%	0.09%	0.09%
XHR	C	0.13%	0.12%	0.12%
XNCR	F	0.12%	0.1%	0.1%
XPEL	F	0.07%	0.06%	0.06%
XRX	F	0.13%	0.11%	0.11%
YELP	F	0.23%	0.21%	0.21%
ZEUS	F	0.04%	0.04%	0.04%

QVMS Overweight 1 Positions Relative to SPSM

	Symbol	Grade	Weight
	WIRE	A	0.42%

QVMS Underweight 58 Positions Relative to SPSM

Symbol	Grade	Weight
CMA	A	-0.56%
RHI	F	-0.55%
SEE	D	-0.42%
TDW	D	-0.39%
KRYS	B	-0.37%
VFC	D	-0.36%
BOX	F	-0.32%
WHD	B	-0.29%
MSGS	C	-0.27%
RUN	D	-0.23%
PENN	C	-0.23%
TNDM	C	-0.22%
NARI	C	-0.22%
STEP	B	-0.2%
WERN	D	-0.19%
SMTC	C	-0.18%
OUT	C	-0.18%
GO	F	-0.18%
IART	D	-0.17%
VIRT	D	-0.17%
NATL	C	-0.17%
CALX	D	-0.17%
FOXF	D	-0.17%
PTGX	B	-0.17%
DOCN	D	-0.16%
BANC	C	-0.15%
EXTR	D	-0.14%
LEG	D	-0.13%
NGVT	F	-0.12%
GNL	C	-0.12%
SEDG	F	-0.12%
VGR	C	-0.12%
PZZA	F	-0.12%
KW	D	-0.1%
TGI	B	-0.1%
SABR	D	-0.09%
PDFS	C	-0.09%
SDGR	F	-0.09%
MSEX	D	-0.08%
JACK	F	-0.08%
ECPG	D	-0.08%
PBI	A	-0.08%
TTGT	C	-0.07%
IRWD	D	-0.07%
UNIT	D	-0.06%
BSIG	B	-0.06%
LESL	F	-0.06%
EMBC	D	-0.06%
VIR	F	-0.06%
GOGO	F	-0.05%
HTZ	F	-0.04%
DIN	F	-0.04%
CTKB	D	-0.04%
CNSL	B	-0.03%
CMP	F	-0.03%
CENT	F	-0.03%
DDD	D	-0.03%
RILY	F	-0.02%