SPMV vs. VFMV ETF Comparison

Comparison of Invesco S&P 500 Minimum Variance ETF (SPMV) to Vanguard U.S. Minimum Volatility ETF (VFMV)

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

$46.60

Average Daily Volume

416

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$121.56

Average Daily Volume

7,572

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

Performance

Period	SPMV	VFMV
30 Days	1.27%	0.10%
60 Days	6.19%	3.68%
90 Days	6.44%	7.54%
12 Months	31.20%	29.07%

35 Overlapping Holdings

Symbol	Grade	Weight in SPMV	Weight in VFMV	Overlap
AAPL	C	2.92%	0.64%	0.64%
ACN	B	0.31%	0.23%	0.23%
AJG	D	2.5%	0.43%	0.43%
AMGN	D	0.35%	0.64%	0.35%
AMZN	C	2.95%	0.11%	0.11%
AVGO	C	2.23%	0.71%	0.71%
BRK.A	C	2.86%	0.29%	0.29%
CB	A	2.62%	0.08%	0.08%
CSCO	A	3.07%	1.46%	1.46%
DUK	B	1.36%	1.31%	1.31%
GD	A	0.06%	1.43%	0.06%
GILD	A	0.08%	0.89%	0.08%
GIS	B	1.71%	0.98%	0.98%
GOOG	C	0.54%	0.7%	0.54%
HSY	D	1.13%	0.45%	0.45%
IBM	C	0.57%	1.31%	0.57%
JNJ	C	1.26%	1.46%	1.26%
LLY	D	0.78%	0.92%	0.78%
MDLZ	C	2.85%	0.39%	0.39%
META	A	0.32%	0.6%	0.32%
MRK	F	2.81%	1.39%	1.39%
MSFT	C	2.91%	0.45%	0.45%
PG	C	2.84%	1.45%	1.45%
PGR	C	1.59%	1.49%	1.49%
QCOM	D	2.96%	0.69%	0.69%
REGN	D	1.51%	1.27%	1.27%
RSG	D	0.53%	1.39%	0.53%
RTX	A	0.66%	0.33%	0.33%
T	A	0.27%	0.51%	0.27%
TJX	C	0.49%	1.56%	0.49%
TMUS	A	2.92%	1.56%	1.56%
TRV	C	0.91%	0.43%	0.43%
VRTX	D	2.34%	0.04%	0.04%
VZ	A	1.02%	1.2%	1.02%
XOM	B	0.64%	1.42%	0.64%

SPMV Overweight 40 Positions Relative to VFMV

Symbol	Grade	Weight
NVDA	C	3.02%
AON	A	2.87%
MMC	D	2.79%
ABT	C	2.76%
GEV	A	2.75%
HD	A	2.19%
AMT	C	2.12%
ADBE	F	2.06%
ORCL	C	1.97%
ZTS	B	1.85%
NEE	A	1.78%
VRSK	D	1.57%
NOW	C	1.51%
CRM	C	1.37%
SRE	A	1.36%
PFE	D	1.15%
AEP	B	0.98%
AEE	A	0.94%
TDY	B	0.87%
MKC	B	0.84%
CCI	A	0.78%
BRO	A	0.76%
INTU	F	0.69%
NEM	C	0.6%
ELV	F	0.59%
JPM	D	0.53%
SO	A	0.48%
IDXX	D	0.45%
TSN	D	0.39%
HRL	F	0.39%
BIIB	F	0.37%
KHC	B	0.32%
ADM	D	0.29%
ACGL	A	0.26%
AIG	F	0.25%
PCG	B	0.23%
CVS	D	0.23%
XEL	A	0.17%
TRMB	B	0.09%
BA	F	0.05%

SPMV Underweight 111 Positions Relative to VFMV

Symbol	Grade	Weight
CVLT	C	-1.63%
NTAP	D	-1.57%
TXN	C	-1.54%
ROP	C	-1.5%
MCK	F	-1.5%
VECO	F	-1.49%
EA	D	-1.48%
WMT	A	-1.47%
WM	D	-1.46%
LMT	A	-1.44%
MUSA	D	-1.43%
ADI	C	-1.42%
KEX	C	-1.4%
IDT	C	-1.35%
ABBV	A	-1.34%
ORLY	A	-1.33%
CHD	B	-1.28%
NOC	B	-1.27%
MCD	A	-1.24%
FCN	B	-1.21%
CME	A	-1.19%
IDCC	A	-1.14%
CBOE	B	-1.13%
DLB	D	-1.06%
LRN	C	-1.05%
CL	D	-1.05%
DOX	B	-1.03%
WMB	A	-0.97%
HSTM	B	-0.97%
MGEE	A	-0.96%
GOOGL	C	-0.87%
CRUS	D	-0.86%
SAFT	D	-0.86%
GPOR	B	-0.85%
UNH	B	-0.85%
INST	C	-0.83%
NSIT	C	-0.83%
CHE	B	-0.81%
LAUR	C	-0.79%
NABL	F	-0.78%
BLKB	C	-0.78%
CVX	D	-0.77%
CAH	B	-0.75%
WTM	D	-0.75%
HPQ	C	-0.72%
OSIS	B	-0.7%
YELP	F	-0.63%
MCS	B	-0.61%
INSW	C	-0.55%
MATX	B	-0.54%
PBH	D	-0.52%
ED	A	-0.51%
NEU	F	-0.49%
FLO	C	-0.47%
KO	B	-0.46%
FANG	F	-0.45%
V	C	-0.44%
THFF	D	-0.42%
AZO	D	-0.42%
K	B	-0.4%
WEC	A	-0.39%
RLI	A	-0.36%
NVEC	F	-0.35%
OLLI	C	-0.34%
AMSF	B	-0.34%
JBSS	F	-0.33%
CASS	D	-0.32%
BMY	B	-0.31%
ROL	B	-0.29%
LDOS	A	-0.29%
IMMR	D	-0.28%
MO	B	-0.28%
MTSI	C	-0.26%
LOPE	D	-0.25%
KMI	A	-0.24%
EBF	B	-0.24%
EQC	D	-0.24%
EXEL	C	-0.23%
JJSF	A	-0.23%
OLED	C	-0.19%
SPOK	D	-0.19%
DECK	C	-0.19%
SPNS	C	-0.17%
QNST	C	-0.15%
PSX	F	-0.14%
AMAT	D	-0.13%
DGICA	B	-0.12%
TNK	D	-0.12%
CLBK	F	-0.1%
DJCO	C	-0.1%
DTM	A	-0.1%
KLAC	D	-0.09%
CNXN	C	-0.08%
LRCX	F	-0.08%
KMB	B	-0.07%
GLRE	C	-0.06%
PEP	D	-0.06%
LANC	F	-0.06%
REYN	C	-0.06%
UNM	A	-0.06%
ATR	A	-0.05%
SFL	D	-0.05%
EIG	B	-0.04%
DTE	A	-0.04%
MU	D	-0.04%
AKAM	D	-0.04%
NBIX	F	-0.04%
CNA	D	-0.04%
SPOT	B	-0.03%
CMS	A	-0.03%
MSI	A	-0.03%