SPMV vs. USMF ETF Comparison

Comparison of Invesco S&P 500 Minimum Variance ETF (SPMV) to WisdomTree U.S. Multifactor Fund (USMF)

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

$46.54

Average Daily Volume

437

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USMF

WisdomTree U.S. Multifactor Fund

USMF Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Multifactor Index. Under normal circumstances, at least 80% of the fund's total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is generally comprised of 200 U.S. companies with the highest composite scores based on two fundamental factors (value and quality measures) and two technical factors (momentum and correlation). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$48.52

Average Daily Volume

23,758

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	SPMV	USMF
30 Days	2.14%	1.11%
60 Days	5.05%	3.80%
90 Days	5.65%	5.60%
12 Months	24.49%	24.68%

28 Overlapping Holdings

Symbol	Grade	Weight in SPMV	Weight in USMF	Overlap
AEP	B	1.88%	0.39%	0.39%
AIG	D	0.83%	0.34%	0.34%
ALL	A	1.22%	0.35%	0.35%
BMY	C	0.44%	0.43%	0.43%
BRK.A	C	3.14%	0.43%	0.43%
CAG	B	0.13%	0.36%	0.13%
CSCO	B	0.57%	1.37%	0.57%
ELV	C	1.93%	0.36%	0.36%
GIS	B	1.85%	0.37%	0.37%
JNJ	B	0.06%	0.53%	0.06%
JPM	D	0.54%	0.38%	0.38%
KHC	C	0.56%	0.35%	0.35%
LLY	C	2.79%	0.28%	0.28%
MMC	C	3.12%	0.41%	0.41%
MRK	D	2.06%	0.38%	0.38%
PG	C	3.04%	0.39%	0.39%
PGR	A	3.53%	0.35%	0.35%
QCOM	D	1.8%	0.61%	0.61%
REGN	C	1.0%	0.46%	0.46%
RSG	D	0.83%	0.43%	0.43%
T	B	0.52%	1.1%	0.52%
TMUS	C	2.25%	1.22%	1.22%
TRV	B	0.42%	0.42%	0.42%
VRTX	D	1.83%	0.33%	0.33%
VZ	B	2.11%	0.88%	0.88%
WRB	C	0.77%	0.4%	0.4%
XEL	A	0.03%	0.35%	0.03%
XOM	D	0.31%	0.4%	0.31%

SPMV Overweight 51 Positions Relative to USMF

Symbol	Grade	Weight
NEE	B	4.03%
CB	B	2.94%
NVDA	D	2.93%
MDLZ	B	2.91%
ORCL	B	2.87%
AMZN	C	2.79%
MSFT	C	2.78%
HD	B	2.45%
ABT	C	2.28%
AAPL	D	2.25%
ADBE	D	2.21%
AJG	C	2.2%
PFE	C	1.95%
AON	B	1.93%
INTU	D	1.87%
CCI	B	1.48%
SRE	B	1.43%
CRM	D	1.42%
HSY	C	1.28%
CEG	C	1.21%
ADM	D	1.19%
NOW	A	1.07%
SNPS	D	1.04%
MKC	B	0.91%
MDT	C	0.83%
AVGO	C	0.83%
ACGL	B	0.79%
ISRG	C	0.72%
RMD	C	0.71%
IDXX	C	0.71%
AMGN	B	0.66%
META	A	0.65%
MRNA	F	0.5%
GOOG	D	0.47%
RTX	C	0.46%
TFC	D	0.43%
AES	C	0.43%
D	C	0.42%
HRL	C	0.41%
EL	F	0.38%
SJM	C	0.31%
ACN	C	0.31%
ES	C	0.29%
K	A	0.27%
BDX	F	0.14%
MTD	D	0.11%
DUK	C	0.1%
ROL	C	0.06%
ZTS	B	0.06%
CDNS	D	0.05%
PODD	B	0.04%

SPMV Underweight 169 Positions Relative to USMF

Symbol	Grade	Weight
MSI	C	-1.62%
IBM	B	-1.62%
FFIV	A	-1.5%
VRSN	D	-1.46%
CTSH	C	-1.42%
ROP	C	-1.41%
GDDY	C	-1.23%
TDY	C	-1.18%
AKAM	D	-1.18%
SNX	D	-1.13%
NSIT	C	-1.12%
FOXA	B	-1.1%
EA	D	-1.06%
JNPR	A	-0.98%
WDAY	D	-0.95%
CMCSA	D	-0.94%
VNT	D	-0.93%
OMC	A	-0.93%
NYT	C	-0.91%
DBX	D	-0.87%
TJX	C	-0.86%
CRUS	D	-0.84%
HPQ	D	-0.83%
MUSA	C	-0.83%
WPC	B	-0.81%
NTAP	D	-0.79%
FTNT	C	-0.79%
DRI	C	-0.77%
HRB	C	-0.77%
IPG	C	-0.74%
DOCU	C	-0.72%
CIEN	C	-0.7%
RHP	D	-0.69%
ARMK	B	-0.65%
HST	D	-0.65%
HPE	D	-0.65%
DIS	D	-0.64%
EPAM	D	-0.64%
TXRH	D	-0.62%
APP	B	-0.61%
GNTX	F	-0.58%
JBL	D	-0.57%
CMG	C	-0.55%
LMT	C	-0.51%
GM	B	-0.51%
ABBV	C	-0.51%
DTM	B	-0.5%
APPF	D	-0.5%
HIG	A	-0.48%
GILD	B	-0.48%
ULTA	D	-0.48%
HOLX	B	-0.46%
INGR	A	-0.45%
CBOE	C	-0.45%
EHC	B	-0.45%
UTHR	C	-0.45%
ATR	B	-0.44%
CL	C	-0.44%
CAH	C	-0.44%
CACI	B	-0.44%
DPZ	F	-0.44%
LDOS	C	-0.44%
AFL	B	-0.44%
DGX	B	-0.44%
L	B	-0.43%
BSX	B	-0.43%
RL	B	-0.43%
ECL	B	-0.43%
EXPE	C	-0.42%
WMT	B	-0.42%
WM	D	-0.42%
FSLR	C	-0.42%
UHS	B	-0.41%
HCA	B	-0.41%
ETR	A	-0.41%
KMB	D	-0.41%
CNA	C	-0.41%
MO	C	-0.41%
CW	B	-0.4%
PSN	B	-0.4%
SYK	C	-0.39%
RGA	B	-0.39%
ORI	A	-0.39%
OGE	B	-0.39%
CINF	B	-0.39%
SYY	D	-0.38%
PPC	D	-0.38%
EXEL	B	-0.38%
POST	C	-0.38%
AMP	B	-0.37%
INCY	C	-0.37%
EIX	C	-0.37%
CHE	C	-0.37%
MCK	F	-0.37%
KR	B	-0.36%
PCG	C	-0.36%
AIZ	B	-0.36%
UNM	B	-0.36%
CMI	C	-0.35%
ACI	F	-0.35%
AFG	B	-0.35%
RLI	B	-0.35%
RYAN	C	-0.35%
MOH	C	-0.35%
SAIC	C	-0.35%
DKS	D	-0.34%
WAB	A	-0.34%
ZBH	F	-0.34%
GPK	B	-0.34%
DCI	D	-0.34%
PRI	B	-0.34%
ADTN	F	-0.34%
AXP	B	-0.34%
MET	A	-0.34%
FANG	D	-0.34%
MKL	C	-0.33%
VTRS	C	-0.33%
HII	C	-0.33%
PRU	C	-0.33%
TAP	C	-0.32%
MPC	D	-0.32%
DE	B	-0.32%
MSA	C	-0.32%
CNC	C	-0.32%
VOYA	A	-0.32%
CCK	A	-0.31%
IBKR	B	-0.31%
NBIX	F	-0.31%
EME	B	-0.31%
KEX	C	-0.31%
ALSN	B	-0.31%
WSM	C	-0.31%
CI	C	-0.3%
PCAR	D	-0.3%
TXT	D	-0.3%
VLO	D	-0.29%
AYI	B	-0.29%
CHRD	F	-0.29%
WFC	D	-0.29%
FLS	D	-0.29%
SFM	B	-0.29%
FCNCA	D	-0.28%
THC	B	-0.28%
WWD	D	-0.28%
DVN	F	-0.28%
MLI	B	-0.28%
ANF	D	-0.28%
EQH	C	-0.27%
SYF	C	-0.27%
HAL	F	-0.26%
NRG	C	-0.26%
DVA	B	-0.26%
APO	C	-0.25%
CMC	D	-0.25%
MTB	B	-0.25%
DINO	D	-0.25%
GAP	F	-0.25%
OVV	D	-0.23%
STLD	D	-0.23%
OC	C	-0.23%
SW	B	-0.23%
DAL	C	-0.22%
CRBG	D	-0.22%
LPLA	D	-0.22%
APA	F	-0.22%
TGT	C	-0.2%
HQY	C	-0.2%
CNM	F	-0.2%
GL	C	-0.17%