SPMV vs. FDLO ETF Comparison

Comparison of Invesco S&P 500 Minimum Variance ETF (SPMV) to Fidelity Low Volatility Factor ETF (FDLO)

SPMV

Invesco S&P 500 Minimum Variance ETF

SPMV Description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500® Minimum Volatility Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to measure the performance of a subset of constituent securities of the S&P 500 Index using a managed volatility equity strategy that seeks to achieve lower total volatility than the S&P 500 ® Index, while maintaining other similar characteristics of the S&P 500 ® Index.

Grade (RS Rating)

Last Trade

$47.62

Average Daily Volume

711

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$61.98

Average Daily Volume

74,193

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	SPMV	FDLO
30 Days	1.14%	0.81%
60 Days	2.01%	1.49%
90 Days	4.46%	4.05%
12 Months	26.03%	21.68%

40 Overlapping Holdings

Symbol	Grade	Weight in SPMV	Weight in FDLO	Overlap
AAPL	C	2.9%	7.26%	2.9%
ABT	B	2.79%	0.9%	0.9%
ACN	C	0.31%	1.6%	0.31%
AEE	A	0.97%	0.26%	0.26%
AEP	D	0.91%	0.28%	0.28%
AJG	B	2.63%	0.61%	0.61%
AMGN	D	0.32%	0.71%	0.32%
AMT	D	1.76%	0.29%	0.29%
AMZN	C	3.25%	3.92%	3.25%
BRK.A	B	2.92%	2.13%	2.13%
CB	C	2.58%	0.72%	0.72%
CCI	D	0.7%	0.21%	0.21%
CSCO	B	3.34%	1.77%	1.77%
DUK	C	1.3%	0.35%	0.35%
GD	F	0.06%	0.49%	0.06%
GIS	D	1.49%	0.28%	0.28%
HD	A	2.22%	1.19%	1.19%
HSY	F	1.05%	0.24%	0.24%
IBM	C	0.53%	1.54%	0.53%
JNJ	D	1.18%	1.18%	1.18%
JPM	A	0.61%	1.89%	0.61%
LLY	F	0.67%	1.57%	0.67%
MDLZ	F	2.5%	0.37%	0.37%
MMC	B	2.74%	0.67%	0.67%
MRK	F	2.43%	0.88%	0.88%
MSFT	F	2.85%	6.93%	2.85%
ORCL	B	2.17%	2.01%	2.01%
PG	A	2.72%	0.99%	0.99%
PGR	A	1.61%	0.84%	0.84%
REGN	F	1.13%	0.5%	0.5%
RSG	A	0.54%	0.47%	0.47%
SO	D	0.47%	0.37%	0.37%
T	A	0.28%	0.99%	0.28%
TJX	A	0.5%	0.65%	0.5%
TMUS	B	3.38%	0.97%	0.97%
TRV	B	0.98%	0.69%	0.69%
VRTX	F	2.42%	0.69%	0.69%
VZ	C	0.93%	0.93%	0.93%
XEL	A	0.19%	0.3%	0.19%
XOM	B	0.68%	1.17%	0.68%

SPMV Overweight 35 Positions Relative to FDLO

Symbol	Grade	Weight
NVDA	C	3.54%
GEV	B	3.53%
AON	A	3.09%
QCOM	F	2.79%
AVGO	D	2.12%
ADBE	C	2.1%
NOW	A	1.76%
VRSK	A	1.69%
ZTS	D	1.64%
CRM	B	1.63%
NEE	D	1.59%
SRE	A	1.49%
PFE	D	1.02%
TDY	B	0.94%
BRO	B	0.81%
MKC	D	0.75%
INTU	C	0.75%
RTX	C	0.65%
GOOG	C	0.58%
ELV	F	0.46%
NEM	D	0.44%
TSN	B	0.42%
HRL	D	0.38%
IDXX	F	0.37%
META	D	0.33%
BIIB	F	0.31%
KHC	F	0.29%
ADM	D	0.25%
AIG	B	0.25%
PCG	A	0.24%
ACGL	D	0.23%
CVS	D	0.22%
TRMB	B	0.1%
GILD	C	0.09%
BA	F	0.04%

SPMV Underweight 85 Positions Relative to FDLO

Symbol	Grade	Weight
GOOGL	C	-4.12%
UNH	C	-1.55%
MSI	B	-1.49%
TXN	C	-1.48%
V	A	-1.47%
MA	C	-1.34%
ROP	B	-1.21%
TYL	B	-1.19%
VRSN	F	-1.08%
DOX	D	-1.08%
AKAM	D	-1.03%
ABBV	D	-0.98%
CMCSA	B	-0.95%
WMT	A	-0.95%
MCD	D	-0.8%
TMO	F	-0.78%
EA	A	-0.72%
ETN	A	-0.72%
LOW	D	-0.71%
SBUX	A	-0.7%
HON	B	-0.7%
CVX	A	-0.69%
CME	A	-0.69%
ADP	B	-0.66%
KO	D	-0.66%
UNP	C	-0.63%
PEP	F	-0.62%
PM	B	-0.62%
AIZ	A	-0.61%
BDX	F	-0.6%
FDS	B	-0.59%
LMT	D	-0.58%
ITW	B	-0.56%
WRB	A	-0.56%
NKE	D	-0.56%
WM	A	-0.55%
CBOE	B	-0.55%
FAST	B	-0.54%
LIN	D	-0.53%
ORLY	B	-0.53%
JKHY	D	-0.51%
PAYX	C	-0.51%
GRMN	B	-0.51%
NOC	D	-0.5%
LHX	C	-0.49%
OTIS	C	-0.47%
AZO	C	-0.47%
TSCO	D	-0.46%
ERIE	D	-0.45%
BAH	F	-0.43%
COP	C	-0.41%
J	F	-0.39%
CL	D	-0.35%
WMB	A	-0.34%
FCN	D	-0.34%
EOG	A	-0.32%
EQIX	A	-0.31%
SHW	A	-0.3%
KMB	D	-0.3%
KMI	A	-0.3%
HII	D	-0.29%
LNG	B	-0.28%
WEC	A	-0.27%
APD	A	-0.27%
DLR	B	-0.26%
PSA	D	-0.25%
ED	D	-0.25%
CMS	C	-0.24%
ECL	D	-0.24%
DTM	B	-0.23%
O	D	-0.22%
VMC	B	-0.2%
CTVA	C	-0.2%
PKG	A	-0.19%
MLM	B	-0.19%
CTRA	B	-0.19%
CSGP	D	-0.18%
MAA	B	-0.18%
EQR	B	-0.18%
ADC	B	-0.16%
AMH	D	-0.16%
ELS	C	-0.16%
ATR	B	-0.16%
AMCR	D	-0.15%
AVY	D	-0.14%