QVMS vs. VIOV ETF Comparison

Comparison of Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) to Vanguard S&P Small-Cap 600 Value ETF (VIOV)

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 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). 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 ® 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

$29.19

Average Daily Volume

478

Number of Holdings ^*

523

* may have additional holdings in another (foreign) market

VIOV

Vanguard S&P Small-Cap 600 Value ETF

VIOV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P SmallCap 600® Value Index, which represents the value companies of the S&P SmallCap 600 Index. The index measures the performance of small-capitalization value stocks. 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

$99.01

Average Daily Volume

50,209

Number of Holdings ^*

451

* may have additional holdings in another (foreign) market

Performance

Period	QVMS	VIOV
30 Days	7.25%	8.03%
60 Days	9.85%	9.62%
90 Days	13.87%	14.44%
12 Months	38.18%	35.39%

397 Overlapping Holdings

	Symbol	Grade	Weight in QVMS	Weight in VIOV	Overlap
	AAP	D	0.2%	0.33%	0.2%
	AAT	C	0.11%	0.18%	0.11%
	ABCB	B	0.35%	0.58%	0.35%
	ABG	B	0.44%	0.35%	0.35%
	ABM	B	0.31%	0.47%	0.31%
	ABR	B	0.22%	0.42%	0.22%
	ACA	B	0.4%	0.27%	0.27%
	ACIW	B	0.5%	0.28%	0.28%
	ADUS	D	0.17%	0.2%	0.17%
	AEIS	B	0.36%	0.22%	0.22%
	AGO	B	0.35%	0.23%	0.23%
	AHCO	C	0.06%	0.17%	0.06%
	AHH	D	0.06%	0.06%	0.06%
	AIN	D	0.21%	0.21%	0.21%
	AIR	C	0.16%	0.09%	0.09%
	AKR	C	0.19%	0.35%	0.19%
	AL	B	0.4%	0.53%	0.4%
	ALEX	B	0.11%	0.2%	0.11%
	ALGT	B	0.08%	0.11%	0.08%
	ALK	A	0.44%	0.82%	0.44%
	ALKS	B	0.39%	0.24%	0.24%
	AMN	F	0.14%	0.11%	0.11%
	AMSF	A	0.09%	0.08%	0.08%
	AMWD	B	0.13%	0.09%	0.09%
	ANDE	D	0.13%	0.11%	0.11%
	AORT	C	0.09%	0.07%	0.07%
	AOSL	F	0.06%	0.13%	0.06%
	APAM	B	0.26%	0.19%	0.19%
	APOG	B	0.15%	0.12%	0.12%
	ARCH	B	0.25%	0.11%	0.11%
	ARI	D	0.09%	0.06%	0.06%
	ASIX	B	0.07%	0.12%	0.07%
	ASO	F	0.29%	0.6%	0.29%
	ASTE	B	0.07%	0.1%	0.07%
	ATEN	A	0.08%	0.08%	0.08%
	AUB	B	0.3%	0.48%	0.3%
	AVA	D	0.22%	0.44%	0.22%
	AVNS	D	0.07%	0.16%	0.07%
	AWR	B	0.24%	0.21%	0.21%
	AX	B	0.34%	0.18%	0.18%
	AXL	C	0.06%	0.1%	0.06%
	B	B	0.2%	0.26%	0.2%
	BANF	B	0.13%	0.11%	0.11%
	BANR	B	0.19%	0.29%	0.19%
	BCPC	B	0.46%	0.36%	0.36%
	BDN	D	0.07%	0.13%	0.07%
	BFH	B	0.28%	0.34%	0.28%
	BFS	B	0.04%	0.04%	0.04%
	BGC	B	0.35%	0.21%	0.21%
	BGS	F	0.04%	0.1%	0.04%
	BHE	B	0.14%	0.23%	0.14%
	BHLB	B	0.1%	0.08%	0.08%
	BJRI	B	0.07%	0.11%	0.07%
	BKE	A	0.1%	0.07%	0.07%
	BKU	B	0.24%	0.39%	0.24%
	BL	B	0.23%	0.13%	0.13%
	BLFS	B	0.08%	0.05%	0.05%
	BLMN	F	0.12%	0.09%	0.09%
	BOH	B	0.24%	0.21%	0.21%
	BRC	B	0.26%	0.17%	0.17%
	BRKL	A	0.08%	0.13%	0.08%
	BTU	C	0.26%	0.26%	0.26%
	BXMT	C	0.25%	0.47%	0.25%
	CABO	C	0.15%	0.23%	0.15%
	CAKE	B	0.18%	0.15%	0.15%
	CAL	D	0.08%	0.17%	0.08%
	CALX	F	0.16%	0.17%	0.16%
	CATY	B	0.29%	0.24%	0.24%
	CBRL	D	0.09%	0.14%	0.09%
	CBU	B	0.29%	0.44%	0.29%
	CCS	F	0.2%	0.2%	0.2%
	CENTA	C	0.16%	0.24%	0.16%
	CENX	B	0.09%	0.12%	0.09%
	CERT	F	0.1%	0.08%	0.08%
	CEVA	B	0.05%	0.05%	0.05%
	CFFN	B	0.07%	0.1%	0.07%
	CHCO	B	0.15%	0.1%	0.1%
	CHEF	B	0.13%	0.21%	0.13%
	CLB	B	0.09%	0.07%	0.07%
	CMA	B	0.68%	1.14%	0.68%
	CNS	B	0.2%	0.19%	0.19%
	CNXN	C	0.06%	0.13%	0.06%
	COHU	C	0.11%	0.1%	0.1%
	COOP	B	0.51%	0.85%	0.51%
	CORT	B	0.37%	0.22%	0.22%
	CPF	B	0.06%	0.11%	0.06%
	CPK	B	0.2%	0.22%	0.2%
	CRK	B	0.1%	0.07%	0.07%
	CRSR	C	0.03%	0.04%	0.03%
	CSGS	B	0.13%	0.1%	0.1%
	CSR	C	0.08%	0.15%	0.08%
	CTKB	C	0.05%	0.08%	0.05%
	CTRE	C	0.32%	0.25%	0.25%
	CTS	B	0.14%	0.09%	0.09%
	CVBF	B	0.23%	0.34%	0.23%
	CVI	F	0.04%	0.05%	0.04%
	CWEN	D	0.24%	0.09%	0.09%
	CWEN	D	0.24%	0.42%	0.24%
	CWK	B	0.22%	0.45%	0.22%
	CWT	D	0.23%	0.27%	0.23%
	CXM	C	0.08%	0.13%	0.08%
	CXW	B	0.19%	0.2%	0.19%
	DAN	F	0.1%	0.2%	0.1%
	DCOM	B	0.09%	0.15%	0.09%
	DEA	D	0.1%	0.19%	0.1%
	DEI	C	0.24%	0.42%	0.24%
	DGII	B	0.1%	0.14%	0.1%
	DIOD	F	0.24%	0.17%	0.17%
	DLX	B	0.08%	0.12%	0.08%
	DNOW	B	0.12%	0.2%	0.12%
	DORM	B	0.29%	0.14%	0.14%
	DXC	B	0.3%	0.54%	0.3%
	DXPE	B	0.08%	0.1%	0.08%
	DY	C	0.37%	0.82%	0.37%
	EAT	A	0.38%	0.28%	0.28%
	EGBN	B	0.07%	0.1%	0.07%
	EIG	B	0.1%	0.17%	0.1%
	ELME	D	0.11%	0.22%	0.11%
	ENR	B	0.18%	0.16%	0.16%
	ENV	B	0.24%	0.26%	0.24%
	ENVA	A	0.23%	0.32%	0.23%
	EPAC	B	0.21%	0.11%	0.11%
	EPC	F	0.15%	0.26%	0.15%
	EPRT	C	0.42%	0.41%	0.41%
	ETD	D	0.05%	0.06%	0.05%
	EYE	D	0.07%	0.12%	0.07%
	EZPW	B	0.05%	0.08%	0.05%
	FBK	B	0.16%	0.24%	0.16%
	FBNC	B	0.14%	0.25%	0.14%
	FBRT	C	0.08%	0.15%	0.08%
	FCF	B	0.15%	0.14%	0.14%
	FCPT	D	0.18%	0.22%	0.18%
	FDP	B	0.09%	0.14%	0.09%
	FFBC	B	0.21%	0.35%	0.21%
	FHB	B	0.28%	0.42%	0.28%
	FIZZ	B	0.09%	0.07%	0.07%
	FL	D	0.19%	0.31%	0.19%
	FLGT	F	0.03%	0.06%	0.03%
	FTRE	D	0.13%	0.26%	0.13%
	FUL	F	0.35%	0.32%	0.32%
	FULT	B	0.31%	0.47%	0.31%
	GBX	A	0.16%	0.23%	0.16%
	GDEN	C	0.05%	0.04%	0.04%
	GDOT	C	0.04%	0.09%	0.04%
	GEO	B	0.27%	0.25%	0.25%
	GFF	C	0.2%	0.13%	0.13%
	GIII	C	0.08%	0.17%	0.08%
	GNL	D	0.12%	0.24%	0.12%
	GNW	A	0.25%	0.42%	0.25%
	GO	D	0.15%	0.25%	0.15%
	GOGO	C	0.04%	0.03%	0.03%
	GPRE	F	0.06%	0.13%	0.06%
	GTES	B	0.35%	0.38%	0.35%
	GTY	B	0.12%	0.13%	0.12%
	GVA	B	0.32%	0.24%	0.24%
	HAFC	B	0.06%	0.08%	0.06%
	HAIN	F	0.05%	0.11%	0.05%
	HASI	F	0.26%	0.58%	0.26%
	HAYN	A	0.06%	0.05%	0.05%
	HAYW	C	0.16%	0.31%	0.16%
	HBI	B	0.22%	0.37%	0.22%
	HCSG	B	0.07%	0.12%	0.07%
	HFWA	B	0.07%	0.11%	0.07%
	HI	C	0.2%	0.28%	0.2%
	HIW	D	0.27%	0.51%	0.27%
	HLIT	D	0.11%	0.11%	0.11%
	HMN	B	0.14%	0.2%	0.14%
	HNI	B	0.21%	0.15%	0.15%
	HOPE	B	0.13%	0.22%	0.13%
	HP	C	0.28%	0.2%	0.2%
	HPP	F	0.05%	0.1%	0.05%
	HRMY	D	0.08%	0.1%	0.08%
	HSII	B	0.07%	0.11%	0.07%
	HSTM	A	0.06%	0.05%	0.05%
	HTH	B	0.12%	0.21%	0.12%
	HTLD	C	0.04%	0.03%	0.03%
	HTZ	D	0.03%	0.06%	0.03%
	HUBG	B	0.24%	0.4%	0.24%
	HZO	D	0.05%	0.1%	0.05%
	IAC	F	0.3%	0.33%	0.3%
	IART	C	0.15%	0.17%	0.15%
	IBTX	B	0.18%	0.3%	0.18%
	ICHR	C	0.09%	0.15%	0.09%
	ICUI	C	0.26%	0.64%	0.26%
	IIIN	D	0.05%	0.03%	0.03%
	IIPR	F	0.23%	0.25%	0.23%
	INDB	B	0.24%	0.36%	0.24%
	INN	D	0.05%	0.05%	0.05%
	INVA	B	0.08%	0.08%	0.08%
	IOSP	B	0.24%	0.15%	0.15%
	ITRI	B	0.43%	0.35%	0.35%
	JBGS	F	0.11%	0.22%	0.11%
	JBLU	D	0.14%	0.28%	0.14%
	JBSS	F	0.06%	0.06%	0.06%
	JBT	C	0.29%	0.18%	0.18%
	JXN	B	0.63%	0.98%	0.63%
	KALU	B	0.11%	0.17%	0.11%
	KAR	A	0.18%	0.26%	0.18%
	KELYA	F	0.04%	0.1%	0.04%
	KFY	B	0.32%	0.24%	0.24%
	KLG	D	0.09%	0.16%	0.09%
	KLIC	B	0.22%	0.13%	0.13%
	KMT	B	0.18%	0.29%	0.18%
	KN	B	0.14%	0.13%	0.13%
	KOP	D	0.07%	0.05%	0.05%
	KREF	D	0.05%	0.1%	0.05%
	KRYS	B	0.34%	0.22%	0.22%
	KSS	F	0.15%	0.34%	0.15%
	KWR	C	0.18%	0.16%	0.16%
	LCII	D	0.23%	0.16%	0.16%
	LGIH	F	0.17%	0.14%	0.14%
	LGND	B	0.17%	0.26%	0.17%
	LKFN	B	0.15%	0.13%	0.13%
	LNC	B	0.5%	0.77%	0.5%
	LNN	B	0.11%	0.1%	0.1%
	LTC	A	0.13%	0.13%	0.13%
	LXP	D	0.22%	0.42%	0.22%
	LZB	C	0.13%	0.12%	0.12%
	MAC	B	0.31%	0.56%	0.31%
	MATV	F	0.06%	0.13%	0.06%
	MATW	C	0.06%	0.04%	0.04%
	MC	B	0.43%	0.32%	0.32%
	MCW	B	0.06%	0.05%	0.05%
	MCY	B	0.17%	0.24%	0.17%
	MD	B	0.1%	0.14%	0.1%
	MGEE	A	0.26%	0.21%	0.21%
	MGPI	F	0.06%	0.07%	0.06%
	MLAB	D	0.05%	0.1%	0.05%
	MLKN	D	0.15%	0.25%	0.15%
	MMI	B	0.07%	0.08%	0.07%
	MMSI	A	0.44%	0.34%	0.34%
	MNRO	B	0.07%	0.12%	0.07%
	MODG	F	0.11%	0.22%	0.11%
	MPW	F	0.19%	0.5%	0.19%
	MRCY	B	0.17%	0.27%	0.17%
	MRTN	B	0.08%	0.08%	0.08%
	MSEX	B	0.09%	0.09%	0.09%
	MTUS	C	0.05%	0.04%	0.04%
	MTX	B	0.21%	0.18%	0.18%
	MYE	F	0.04%	0.04%	0.04%
	MYGN	F	0.13%	0.18%	0.13%
	NABL	F	0.06%	0.05%	0.05%
	NAVI	C	0.11%	0.18%	0.11%
	NBHC	B	0.15%	0.23%	0.15%
	NBR	C	0.06%	0.08%	0.06%
	NBTB	B	0.19%	0.3%	0.19%
	NHC	B	0.15%	0.12%	0.12%
	NMIH	D	0.23%	0.16%	0.16%
	NPK	C	0.03%	0.03%	0.03%
	NPO	B	0.28%	0.27%	0.27%
	NSIT	F	0.39%	0.3%	0.3%
	NTCT	B	0.13%	0.22%	0.13%
	NVEE	C	0.1%	0.17%	0.1%
	NVRI	F	0.05%	0.12%	0.05%
	NWBI	B	0.15%	0.24%	0.15%
	NWL	B	0.25%	0.46%	0.25%
	NWN	B	0.12%	0.23%	0.12%
	NX	C	0.1%	0.06%	0.06%
	NXRT	C	0.08%	0.14%	0.08%
	ODP	F	0.07%	0.14%	0.07%
	OGN	F	0.34%	0.71%	0.34%
	OI	D	0.16%	0.29%	0.16%
	OMI	F	0.07%	0.17%	0.07%
	PAHC	B	0.04%	0.07%	0.04%
	PAYO	B	0.21%	0.16%	0.16%
	PBH	A	0.31%	0.27%	0.27%
	PCRX	D	0.07%	0.1%	0.07%
	PDCO	D	0.14%	0.25%	0.14%
	PEB	D	0.13%	0.23%	0.13%
	PECO	B	0.35%	0.32%	0.32%
	PENN	B	0.24%	0.4%	0.24%
	PFS	B	0.22%	0.35%	0.22%
	PHIN	B	0.18%	0.29%	0.18%
	PINC	B	0.19%	0.3%	0.19%
	PIPR	B	0.41%	0.33%	0.33%
	PJT	B	0.27%	0.2%	0.2%
	PLAB	C	0.14%	0.07%	0.07%
	PLUS	D	0.22%	0.15%	0.15%
	PLXS	B	0.35%	0.3%	0.3%
	PMT	F	0.09%	0.18%	0.09%
	PPBI	B	0.22%	0.35%	0.22%
	PRA	B	0.06%	0.11%	0.06%
	PRAA	C	0.08%	0.13%	0.08%
	PRDO	B	0.13%	0.09%	0.09%
	PRK	B	0.22%	0.21%	0.21%
	PRLB	B	0.08%	0.04%	0.04%
	PSMT	D	0.18%	0.33%	0.18%
	PTEN	D	0.23%	0.18%	0.18%
	PTGX	C	0.2%	0.11%	0.11%
	PUMP	D	0.05%	0.09%	0.05%
	QNST	B	0.09%	0.15%	0.09%
	RC	D	0.08%	0.18%	0.08%
	RCUS	C	0.07%	0.07%	0.07%
	RDN	C	0.41%	0.34%	0.34%
	REZI	A	0.26%	0.42%	0.26%
	RGNX	F	0.04%	0.04%	0.04%
	RGR	F	0.05%	0.1%	0.05%
	RHI	B	0.59%	0.99%	0.59%
	RNST	B	0.19%	0.3%	0.19%
	ROG	D	0.15%	0.09%	0.09%
	ROIC	A	0.17%	0.29%	0.17%
	RUSHA	B	0.32%	0.26%	0.26%
	RXO	C	0.28%	0.3%	0.28%
	SAFT	B	0.1%	0.17%	0.1%
	SAH	B	0.08%	0.12%	0.08%
	SANM	B	0.37%	0.54%	0.37%
	SATS	C	0.2%	0.43%	0.2%
	SBCF	B	0.19%	0.32%	0.19%
	SBH	C	0.11%	0.2%	0.11%
	SBSI	B	0.08%	0.08%	0.08%
	SCHL	D	0.05%	0.11%	0.05%
	SCL	C	0.14%	0.23%	0.14%
	SCSC	B	0.11%	0.16%	0.11%
	SCVL	D	0.05%	0.11%	0.05%
	SEE	C	0.41%	0.45%	0.41%
	SEM	B	0.33%	0.53%	0.33%
	SFBS	B	0.37%	0.31%	0.31%
	SFNC	B	0.24%	0.39%	0.24%
	SITM	B	0.3%	0.19%	0.19%
	SJW	D	0.13%	0.14%	0.13%
	SKYW	B	0.35%	0.22%	0.22%
	SLG	C	0.39%	0.65%	0.39%
	SLP	D	0.04%	0.03%	0.03%
	SLVM	C	0.26%	0.42%	0.26%
	SMP	B	0.05%	0.1%	0.05%
	SMPL	B	0.23%	0.17%	0.17%
	SNCY	B	0.04%	0.03%	0.03%
	SNDR	A	0.08%	0.19%	0.08%
	SNEX	B	0.21%	0.33%	0.21%
	SONO	C	0.14%	0.21%	0.14%
	SPTN	F	0.05%	0.11%	0.05%
	SSTK	D	0.06%	0.06%	0.06%
	STAA	F	0.13%	0.1%	0.1%
	STBA	C	0.13%	0.11%	0.11%
	STC	C	0.15%	0.3%	0.15%
	STEP	B	0.27%	0.36%	0.27%
	STRA	C	0.17%	0.19%	0.17%
	SUPN	B	0.17%	0.15%	0.15%
	SVC	F	0.04%	0.11%	0.04%
	SWI	B	0.05%	0.06%	0.05%
	SXC	B	0.09%	0.1%	0.09%
	SXT	B	0.27%	0.28%	0.27%
	TALO	B	0.15%	0.18%	0.15%
	TDS	B	0.25%	0.16%	0.16%
	THRM	D	0.12%	0.11%	0.11%
	THRY	F	0.04%	0.08%	0.04%
	THS	F	0.14%	0.28%	0.14%
	TILE	B	0.11%	0.16%	0.11%
	TMP	B	0.07%	0.1%	0.07%
	TPH	D	0.31%	0.24%	0.24%
	TR	C	0.04%	0.03%	0.03%
	TRMK	B	0.18%	0.28%	0.18%
	TRN	A	0.24%	0.21%	0.21%
	TRST	B	0.05%	0.09%	0.05%
	TRUP	B	0.14%	0.1%	0.1%
	TTMI	A	0.21%	0.27%	0.21%
	TWI	D	0.03%	0.06%	0.03%
	UCB	B	0.3%	0.5%	0.3%
	UCTT	F	0.15%	0.26%	0.15%
	UE	B	0.21%	0.15%	0.15%
	UFCS	A	0.04%	0.06%	0.04%
	UHT	D	0.04%	0.04%	0.04%
	UNF	B	0.23%	0.25%	0.23%
	UNFI	B	0.1%	0.14%	0.1%
	UPBD	B	0.12%	0.1%	0.1%
	USNA	C	0.04%	0.06%	0.04%
	USPH	C	0.11%	0.08%	0.08%
	UTL	C	0.07%	0.08%	0.07%
	UVV	B	0.1%	0.19%	0.1%
	VBTX	B	0.13%	0.21%	0.13%
	VFC	C	0.55%	0.95%	0.55%
	VIAV	B	0.18%	0.29%	0.18%
	VICR	B	0.1%	0.07%	0.07%
	VIRT	B	0.22%	0.36%	0.22%
	VRTS	B	0.13%	0.07%	0.07%
	VSAT	F	0.06%	0.14%	0.06%
	VSCO	B	0.23%	0.29%	0.23%
	VSTO	A	0.19%	0.33%	0.19%
	VSTS	D	0.13%	0.11%	0.11%
	VTLE	C	0.08%	0.05%	0.05%
	VTOL	B	0.08%	0.12%	0.08%
	WABC	B	0.12%	0.07%	0.07%
	WAFD	B	0.19%	0.41%	0.19%
	WD	C	0.29%	0.3%	0.29%
	WERN	B	0.19%	0.34%	0.19%
	WGO	B	0.15%	0.11%	0.11%
	WHD	B	0.35%	0.22%	0.22%
	WKC	D	0.13%	0.26%	0.13%
	WNC	C	0.07%	0.12%	0.07%
	WOR	D	0.1%	0.06%	0.06%
	WS	B	0.11%	0.05%	0.05%
	WSFS	A	0.27%	0.24%	0.24%
	WSR	A	0.05%	0.04%	0.04%
	WWW	B	0.13%	0.2%	0.13%
	XHR	B	0.12%	0.09%	0.09%
	XNCR	B	0.09%	0.09%	0.09%
	XRX	F	0.08%	0.17%	0.08%

QVMS Overweight 127 Positions Relative to VIOV

	Symbol	Grade	Weight
	MLI	B	0.86%
	CRS	B	0.69%
	GKOS	A	0.56%
	ATI	D	0.55%
	SPSC	D	0.54%
	AVAV	C	0.52%
	MTH	D	0.52%
	AWI	A	0.51%
	MOG.A	B	0.5%
	BMI	B	0.5%
	BCC	B	0.46%
	FSS	C	0.45%
	GPI	B	0.44%
	MATX	B	0.44%
	SM	C	0.43%
	IBP	F	0.41%
	MARA	C	0.41%
	MGY	B	0.4%
	SHAK	B	0.37%
	RDNT	B	0.37%
	FELE	B	0.35%
	SIG	B	0.35%
	ITGR	B	0.35%
	IDCC	A	0.35%
	MHO	D	0.35%
	KTB	B	0.34%
	HCC	C	0.34%
	FTDR	B	0.33%
	NOG	B	0.32%
	GMS	B	0.31%
	LRN	B	0.31%
	OTTR	C	0.29%
	WDFC	A	0.29%
	TDW	F	0.29%
	CRC	B	0.29%
	VRRM	F	0.29%
	ESE	B	0.28%
	FBP	B	0.28%
	AEO	F	0.28%
	CEIX	B	0.28%
	SKT	A	0.28%
	CALM	A	0.28%
	CCOI	C	0.27%
	AROC	B	0.27%
	ATGE	B	0.27%
	APLE	B	0.27%
	FORM	D	0.27%
	CVCO	B	0.27%
	BOOT	D	0.27%
	AMR	C	0.26%
	OII	B	0.26%
	CRVL	B	0.25%
	ALRM	C	0.24%
	POWL	B	0.24%
	SHOO	D	0.24%
	CNK	A	0.24%
	ACLS	F	0.23%
	TBBK	B	0.23%
	LBRT	D	0.22%
	PRGS	A	0.22%
	MTRN	B	0.21%
	AZZ	B	0.21%
	CARG	A	0.21%
	UFPT	B	0.21%
	ARCB	C	0.21%
	VCEL	B	0.21%
	JJSF	B	0.21%
	GSHD	B	0.21%
	AGYS	B	0.2%
	SXI	B	0.2%
	MYRG	B	0.2%
	PATK	D	0.2%
	CPRX	B	0.2%
	OSIS	C	0.19%
	IPAR	C	0.19%
	HWKN	C	0.19%
	PLMR	C	0.19%
	YELP	C	0.19%
	PRVA	B	0.19%
	EVTC	B	0.18%
	ASTH	F	0.18%
	URBN	C	0.17%
	TFIN	A	0.17%
	CNMD	C	0.17%
	SHO	B	0.17%
	ROCK	B	0.17%
	DRH	B	0.16%
	LMAT	B	0.16%
	CASH	A	0.16%
	PRG	C	0.16%
	ALG	B	0.16%
	OFG	C	0.16%
	RAMP	C	0.15%
	NEO	C	0.15%
	TRIP	D	0.14%
	TNC	F	0.14%
	GRBK	D	0.14%
	VECO	F	0.14%
	JOE	F	0.14%
	HLX	D	0.13%
	CUBI	B	0.12%
	DFIN	D	0.12%
	WT	B	0.1%
	SPNT	C	0.1%
	OXM	D	0.09%
	PFBC	B	0.09%
	COLL	F	0.09%
	ARLO	D	0.09%
	PLAY	C	0.09%
	PARR	F	0.08%
	ANIP	C	0.08%
	EFC	D	0.08%
	LPG	F	0.08%
	EXPI	B	0.08%
	MCRI	A	0.08%
	CARS	B	0.08%
	XPEL	C	0.07%
	VVI	B	0.07%
	RWT	D	0.07%
	REX	C	0.06%
	HCI	B	0.06%
	SHEN	F	0.05%
	GES	F	0.04%
	LQDT	A	0.04%
	AMBC	C	0.04%
	RES	D	0.04%
	WRLD	C	0.03%

QVMS Underweight 54 Positions Relative to VIOV

	Symbol	Grade	Weight
	LUMN	B	-1.03%
	BBWI	C	-1.02%
	RUN	F	-0.58%
	ETSY	C	-0.51%
	ZWS	B	-0.43%
	TGNA	B	-0.37%
	ZD	B	-0.31%
	NATL	C	-0.3%
	WLY	A	-0.29%
	OMCL	C	-0.29%
	BANC	B	-0.29%
	ADNT	F	-0.28%
	VYX	B	-0.28%
	BOX	B	-0.27%
	SMTC	B	-0.27%
	LEG	F	-0.26%
	INSP	D	-0.23%
	PI	D	-0.22%
	OUT	C	-0.21%
	TNDM	F	-0.21%
	HELE	C	-0.2%
	NGVT	B	-0.2%
	MP	B	-0.19%
	KW	C	-0.19%
	VGR	B	-0.16%
	PBI	B	-0.16%
	ECPG	B	-0.16%
	DOCN	D	-0.16%
	PRFT	A	-0.15%
	FOXF	F	-0.15%
	YOU	C	-0.14%
	TGI	B	-0.14%
	NARI	C	-0.13%
	PZZA	D	-0.13%
	EMBC	B	-0.12%
	VRE	C	-0.12%
	EXTR	B	-0.11%
	SEDG	F	-0.11%
	SABR	C	-0.1%
	FWRD	D	-0.1%
	VIR	C	-0.1%
	WOLF	F	-0.09%
	UNIT	B	-0.09%
	LESL	D	-0.08%
	CLW	F	-0.07%
	MXL	C	-0.06%
	CCRN	F	-0.06%
	SDGR	C	-0.06%
	CENT	C	-0.05%
	CNSL	B	-0.05%
	IRWD	D	-0.04%
	TTGT	C	-0.04%
	CHUY	B	-0.04%
	BSIG	A	-0.04%

QVMS: Top Represented Industries & Keywords

Industries: Banks - Regional - US REIT - Diversified Biotechnology Diversified Industrials Oil & Gas Equipment & Services Packaged Foods REIT - Retail Specialty Chemicals Insurance - Property & Casualty Asset Management Auto Parts Oil & Gas E&P REIT - Hotel & Motel Software - Application Specialty Retail Building Materials Communication Equipment Credit Services Electronic Components Medical Instruments & Supplies

Keywords: Bank Banking Real Estate Investment Trust Deposit Products Medicine Real Estate Loans Clothing Computing Aerospace Chemical Insurance Commercial Bank Commercial Banking Mining Mortgage Loan Retail Store Semiconductor Transport Fashion Construction

VIOV: Top Represented Industries & Keywords

Industries: Banks - Regional - US REIT - Diversified Biotechnology Asset Management Packaged Foods REIT - Retail Specialty Chemicals Auto Parts Communication Equipment REIT - Office Software - Infrastructure Specialty Retail Diversified Industrials Electronic Components Information Technology Services Insurance - Property & Casualty Medical Devices Restaurants Semiconductors Credit Services

Keywords: Bank Banking Real Estate Investment Trust Deposit Products Real Estate Loans Computing Medicine Commercial Bank Investment Management Mortgage Loan Chemical Commercial Banking Transport Insurance Aerospace Clothing Loan Semiconductor Mining Residential Real Estate Loans