SQLV vs. IBBQ ETF Comparison

Comparison of Legg Mason Small-Cap Quality Value ETF (SQLV) to Invesco Nasdaq Biotechnology ETF (IBBQ)

SQLV

Legg Mason Small-Cap Quality Value ETF

SQLV Description

The investment seeks to track the investment results of the RARE Global Infrastructure Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose its underlying index. The underlying index is composed of equity securities in developed and developing markets that are included in the MSCI ACWI All Cap Index. Companies in the MSCI ACWI All Cap Index are screened to include only companies within the Global Industry Classification Standard (GICS) sub-industries and are classified into infrastructure sectors.

Grade (RS Rating)

Last Trade

$43.48

Average Daily Volume

759

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

IBBQ

Invesco Nasdaq Biotechnology ETF

IBBQ Description

The investment seeks to track the investment results (before fees and expenses) of the Nasdaq Biotechnology Index ®. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq compiles the underlying index, which is a modified market capitalization weighted index that is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The index may include securities of large-, mid- and small-capitalization companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$21.98

Average Daily Volume

18,040

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

Performance

Period	SQLV	IBBQ
30 Days	2.64%	-8.80%
60 Days	3.90%	-10.14%
90 Days	6.91%	-9.99%
12 Months	18.11%	15.56%

14 Overlapping Holdings

Symbol	Grade	Weight in SQLV	Weight in IBBQ	Overlap
AMPH	F	0.37%	0.23%	0.23%
ANIP	D	0.25%	0.13%	0.13%
COLL	F	0.28%	0.1%	0.1%
DVAX	C	0.39%	0.17%	0.17%
HRMY	F	0.4%	0.2%	0.2%
INVA	C	0.53%	0.13%	0.13%
IRWD	F	0.18%	0.07%	0.07%
LGND	C	0.55%	0.22%	0.22%
MRVI	F	0.3%	0.07%	0.07%
PAHC	B	0.55%	0.05%	0.05%
PCRX	C	0.2%	0.08%	0.08%
SIGA	F	0.28%	0.05%	0.05%
SUPN	B	0.43%	0.21%	0.21%
VCYT	B	0.38%	0.3%	0.3%

SQLV Overweight 243 Positions Relative to IBBQ

Symbol	Grade	Weight
BFH	B	1.13%
CALM	A	0.9%
CEIX	A	0.83%
VCTR	B	0.82%
CORT	C	0.82%
PAYO	A	0.81%
IDCC	B	0.78%
CAR	C	0.78%
DXC	D	0.77%
EBC	B	0.77%
CATY	B	0.76%
POWL	C	0.75%
AX	B	0.75%
TGNA	B	0.75%
SLVM	C	0.75%
IBOC	B	0.74%
FDP	B	0.74%
BKE	B	0.74%
AGX	B	0.72%
LRN	A	0.71%
STRL	A	0.71%
BTU	C	0.7%
SANM	B	0.69%
SKYW	B	0.67%
CCSI	C	0.67%
APAM	B	0.66%
HAFC	B	0.66%
MD	C	0.66%
ALE	A	0.65%
PRG	C	0.65%
PBF	D	0.65%
KFY	B	0.63%
FHI	B	0.63%
WHD	B	0.62%
AMR	C	0.61%
WTTR	A	0.6%
LE	D	0.59%
NMIH	D	0.59%
TDOC	D	0.56%
OMCL	C	0.56%
PRDO	B	0.55%
WTFC	B	0.55%
ANDE	F	0.55%
HUBG	A	0.55%
NECB	B	0.54%
CRCT	F	0.54%
WS	B	0.53%
ASO	F	0.53%
SCS	B	0.52%
NTGR	A	0.52%
NVST	C	0.52%
NBN	B	0.52%
MCB	B	0.52%
PFBC	B	0.52%
PRGS	B	0.52%
EEFT	C	0.51%
CNXN	D	0.49%
PBH	A	0.49%
TEX	D	0.49%
ITGR	B	0.49%
BXC	B	0.48%
MBWM	B	0.48%
GIII	D	0.48%
TPC	C	0.48%
MCRI	A	0.47%
FISI	B	0.47%
CIVB	B	0.47%
ADUS	D	0.46%
LMAT	A	0.46%
PLUS	F	0.46%
OSBC	B	0.46%
IRDM	F	0.46%
UNTY	B	0.46%
HAE	C	0.46%
DK	D	0.46%
THFF	B	0.45%
IOSP	C	0.45%
BELFB	C	0.44%
MSBI	B	0.44%
CTS	C	0.44%
INSW	F	0.44%
AMCX	C	0.43%
RMR	F	0.43%
CVI	D	0.43%
EWCZ	D	0.42%
NTCT	C	0.42%
BHE	B	0.42%
DAKT	B	0.42%
RLGT	B	0.41%
IPGP	D	0.41%
ASTH	F	0.41%
CPRX	C	0.4%
DHIL	A	0.4%
ZD	B	0.4%
YELP	C	0.4%
EBF	D	0.39%
PKBK	B	0.39%
EVBN	B	0.39%
AVNS	F	0.38%
ATKR	D	0.38%
VSH	F	0.38%
WU	F	0.37%
TH	C	0.37%
WKC	D	0.37%
METC	C	0.37%
WOR	F	0.37%
RNGR	A	0.37%
HCKT	B	0.37%
ROCK	D	0.37%
LQDT	A	0.37%
ARRY	F	0.36%
NPK	C	0.36%
OLPX	D	0.36%
SGC	C	0.35%
REX	D	0.35%
HSTM	A	0.34%
TDC	D	0.34%
ATEN	A	0.34%
BSIG	A	0.34%
NX	C	0.33%
RES	F	0.33%
PLAB	D	0.33%
ACIC	B	0.33%
KFRC	D	0.33%
CRI	F	0.33%
DFIN	D	0.33%
PLPC	B	0.33%
JBSS	F	0.33%
CVEO	D	0.32%
EMBC	D	0.32%
FOR	F	0.32%
IART	C	0.31%
SMLR	B	0.31%
GNE	F	0.31%
COHU	D	0.31%
LGTY	B	0.3%
MPX	C	0.3%
MCFT	C	0.3%
RYI	C	0.3%
IRMD	C	0.3%
IMXI	B	0.3%
FLWS	F	0.3%
SPOK	B	0.29%
ACCO	B	0.29%
KRT	B	0.29%
USNA	C	0.29%
CHGG	F	0.29%
OMI	F	0.29%
CASS	B	0.29%
WNC	D	0.29%
JELD	F	0.28%
HBB	F	0.28%
WRLD	D	0.27%
PUMP	D	0.27%
CRVL	A	0.27%
PLXS	B	0.27%
VREX	C	0.27%
EE	A	0.27%
CLW	F	0.26%
NVEC	D	0.26%
NATR	B	0.26%
WINA	B	0.26%
ZIP	D	0.26%
ODP	F	0.26%
PFC	B	0.25%
BTMD	B	0.25%
GIC	F	0.25%
PKE	C	0.25%
CTKB	C	0.25%
UTMD	F	0.24%
MNSB	C	0.24%
HOFT	C	0.24%
RGP	F	0.24%
TZOO	B	0.24%
MED	F	0.24%
ZEUS	C	0.24%
PARR	F	0.24%
ARCH	B	0.23%
TCMD	B	0.23%
CCRN	F	0.23%
ICUI	D	0.23%
EVC	C	0.22%
JILL	D	0.22%
MTUS	D	0.22%
CNS	B	0.22%
PBYI	D	0.21%
IIIN	D	0.21%
PETS	C	0.21%
MPAA	B	0.21%
LCUT	F	0.21%
SSTK	F	0.2%
CMT	F	0.2%
MDXG	A	0.2%
DBRG	F	0.2%
VRA	D	0.2%
OFLX	D	0.2%
ASRT	D	0.2%
STAA	F	0.2%
RCMT	C	0.19%
LFVN	B	0.19%
MYPS	C	0.19%
HBCP	B	0.19%
UVE	A	0.19%
MITK	D	0.19%
HTZ	C	0.18%
VIRC	C	0.18%
INTT	D	0.18%
ZYXI	D	0.18%
TGTX	B	0.18%
VPG	F	0.17%
JAKK	C	0.17%
RCKY	F	0.17%
STBA	B	0.17%
HSII	B	0.17%
OSUR	F	0.16%
ACDC	C	0.16%
HCI	C	0.16%
BBW	B	0.16%
MGNI	A	0.16%
LXU	C	0.16%
ANGO	C	0.15%
ANIK	F	0.15%
SCSC	B	0.15%
EXTR	C	0.15%
DXLG	D	0.15%
NRC	F	0.15%
CCRD	A	0.15%
TWI	F	0.14%
CSPI	C	0.14%
BOX	B	0.14%
HWKN	B	0.14%
BLBD	F	0.13%
IMMR	F	0.13%
SD	F	0.13%
POWW	D	0.13%
CNMD	C	0.13%
THRY	F	0.12%
CVGI	F	0.12%
PAYS	F	0.12%
YOU	D	0.12%
LTRX	F	0.11%
SURG	F	0.1%
IPW	F	0.06%

SQLV Underweight 181 Positions Relative to IBBQ

Symbol	Grade	Weight
GILD	C	-9.95%
VRTX	D	-8.34%
AMGN	D	-7.56%
REGN	F	-5.67%
AZN	F	-3.97%
ALNY	D	-3.26%
BIIB	F	-2.52%
ILMN	C	-2.32%
ARGX	B	-1.96%
UTHR	C	-1.75%
VTRS	A	-1.65%
INCY	C	-1.58%
MRNA	F	-1.53%
SNY	F	-1.51%
SMMT	D	-1.43%
BMRN	F	-1.3%
NBIX	C	-1.28%
RPRX	F	-1.24%
INSM	C	-1.23%
SRPT	F	-1.08%
EXEL	B	-1.06%
BNTX	C	-1.05%
MEDP	D	-1.04%
PCVX	D	-1.04%
RVMD	B	-0.99%
ITCI	B	-0.95%
BGNE	D	-0.91%
ROIV	D	-0.89%
JAZZ	C	-0.81%
ASND	F	-0.79%
MDGL	C	-0.67%
CYTK	D	-0.64%
HALO	F	-0.62%
BPMC	C	-0.61%
NUVL	D	-0.56%
IONS	F	-0.54%
KRYS	C	-0.53%
RNA	C	-0.53%
ACLX	C	-0.51%
ALKS	C	-0.5%
ADMA	C	-0.48%
AXSM	B	-0.48%
BBIO	F	-0.48%
CRNX	C	-0.47%
RARE	F	-0.44%
CRSP	D	-0.43%
IMVT	F	-0.42%
GH	B	-0.39%
DNLI	C	-0.39%
RYTM	C	-0.37%
LEGN	F	-0.34%
MRUS	F	-0.34%
APLS	F	-0.34%
XENE	D	-0.33%
AGIO	C	-0.33%
EWTX	C	-0.32%
PTCT	C	-0.32%
DYN	F	-0.31%
FOLD	F	-0.31%
ACAD	C	-0.3%
KYMR	C	-0.29%
SWTX	C	-0.29%
VRNA	B	-0.28%
VCEL	A	-0.28%
IOVA	F	-0.27%
JANX	C	-0.27%
VERA	C	-0.27%
PTGX	D	-0.26%
ARWR	D	-0.25%
GERN	F	-0.24%
IDYA	F	-0.24%
MIRM	C	-0.23%
SRRK	B	-0.23%
KROS	D	-0.23%
TWST	F	-0.23%
AKRO	C	-0.21%
BEAM	C	-0.21%
MNKD	B	-0.2%
FTRE	D	-0.19%
NVCR	D	-0.19%
IRON	C	-0.19%
RXRX	D	-0.18%
TARS	C	-0.18%
WVE	C	-0.18%
ARVN	F	-0.17%
BCRX	D	-0.16%
NRIX	C	-0.16%
ZLAB	C	-0.15%
TVTX	C	-0.15%
SPRY	C	-0.15%
HROW	D	-0.15%
MYGN	F	-0.15%
NTLA	F	-0.15%
OCUL	C	-0.15%
XNCR	B	-0.15%
RCKT	F	-0.14%
DAWN	D	-0.14%
SNDX	F	-0.14%
AUPH	C	-0.13%
ARDX	F	-0.13%
NVAX	F	-0.13%
IMCR	C	-0.13%
KURA	F	-0.13%
ARQT	C	-0.12%
VIR	F	-0.12%
CNTA	B	-0.12%
ELVN	C	-0.12%
GRFS	C	-0.12%
COGT	D	-0.1%
CGEM	F	-0.09%
BCYC	F	-0.09%
ETNB	D	-0.09%
GMAB	F	-0.09%
REPL	C	-0.08%
ADPT	C	-0.08%
PLRX	D	-0.08%
ERAS	C	-0.08%
PRTA	F	-0.08%
EOLS	F	-0.08%
ABCL	C	-0.08%
CSTL	C	-0.08%
AUTL	F	-0.07%
AVXL	C	-0.07%
RLAY	F	-0.07%
ABUS	D	-0.07%
HCM	F	-0.06%
OLMA	F	-0.06%
SANA	F	-0.06%
GLPG	F	-0.06%
CVAC	F	-0.06%
MLYS	D	-0.06%
ANAB	F	-0.06%
HUMA	F	-0.06%
PHAT	F	-0.06%
ORIC	F	-0.06%
TSHA	D	-0.05%
ARCT	F	-0.05%
XERS	C	-0.05%
PACB	D	-0.05%
TERN	F	-0.05%
RVNC	F	-0.05%
FDMT	F	-0.05%
OABI	D	-0.05%
TBPH	B	-0.05%
URGN	F	-0.05%
ALLO	F	-0.05%
RGNX	D	-0.05%
SVRA	F	-0.05%
EYPT	D	-0.05%
YMAB	F	-0.05%
MGTX	C	-0.05%
THRD	C	-0.05%
LXRX	F	-0.04%
ALEC	F	-0.04%
PRME	F	-0.04%
VERV	D	-0.04%
KALV	F	-0.04%
PGEN	F	-0.03%
BMEA	F	-0.03%
ZNTL	D	-0.03%
ATAI	B	-0.03%
LYEL	F	-0.03%
VNDA	C	-0.03%
ITOS	F	-0.03%
QURE	C	-0.03%
VYGR	F	-0.03%
SAGE	F	-0.03%
ACIU	D	-0.03%
ACRS	B	-0.02%
CABA	F	-0.02%
CRBU	D	-0.02%
FULC	F	-0.02%
AMRN	F	-0.02%
EDIT	F	-0.02%
MGNX	D	-0.02%
BLUE	F	-0.01%
ALXO	F	-0.01%
OVID	D	-0.01%
CHRS	F	-0.01%
VTYX	F	-0.01%
RAPT	F	-0.0%