VSMV vs. PWV ETF Comparison

Comparison of VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) to PowerShares Dynamic LargeCap Value (PWV)

VSMV

VictoryShares US Multi-Factor Minimum Volatility ETF

VSMV Description

The investment seeks to provide investment results that track the performance of the Nasdaq Victory US Multi-Factor Minimum Volatility Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities included in the Nasdaq Victory US Multi-Factor Minimum Volatility Index (the index). The index utilizes a rules-based approach designed to generate investment returns with less volatility than the broader U.S. market.

Grade (RS Rating)

Last Trade

$50.09

Average Daily Volume

11,492

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PWV

PowerShares Dynamic LargeCap Value

PWV Description

The PowerShares Dynamic Large Cap Value Portfolio (Fund) is based on the Dynamic Large Cap Value IntellidexSM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide capital appreciation while maintaining consistent stylistically accurate exposure. The Style Intellidexes apply a rigorous 10 factor style isolation process to objectively segregate companies into their appropriate investment style and size universe. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$61.51

Average Daily Volume

32,152

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VSMV	PWV
30 Days	3.22%	4.38%
60 Days	4.01%	5.52%
90 Days	4.52%	6.26%
12 Months	23.25%	31.14%

12 Overlapping Holdings

Symbol	Grade	Weight in VSMV	Weight in PWV	Overlap
ABBV	D	2.15%	2.77%	2.15%
AFL	B	2.87%	1.39%	1.39%
CAT	B	0.24%	1.52%	0.24%
CI	F	2.51%	1.25%	1.25%
EOG	A	1.95%	1.45%	1.45%
JNJ	D	3.43%	2.98%	2.98%
KMB	D	0.26%	1.26%	0.26%
KMI	A	1.73%	1.72%	1.72%
KO	D	0.21%	2.8%	0.21%
LMT	D	3.01%	1.32%	1.32%
PG	A	2.92%	3.16%	2.92%
XOM	B	3.55%	3.28%	3.28%

VSMV Overweight 56 Positions Relative to PWV

Symbol	Grade	Weight
AAPL	C	9.39%
MSFT	F	8.89%
WMT	A	3.81%
COR	B	3.24%
RSG	A	3.09%
WM	A	3.0%
ADP	B	2.91%
CAH	B	2.74%
MCK	B	2.64%
CTSH	B	2.59%
COST	B	2.58%
ALL	A	2.55%
MRK	F	2.46%
LDOS	C	2.38%
HPE	B	2.26%
NTAP	C	2.02%
GOOGL	C	1.88%
CINF	A	1.33%
WMB	A	1.24%
FFIV	B	1.06%
MUSA	A	0.86%
CCK	C	0.84%
PAYX	C	0.83%
NYT	C	0.69%
ATR	B	0.54%
GD	F	0.48%
DVA	B	0.48%
ANF	C	0.4%
PKG	A	0.39%
SPG	B	0.39%
CMCSA	B	0.38%
CSX	B	0.32%
ALSN	B	0.3%
SNA	A	0.3%
CPAY	A	0.29%
TJX	A	0.28%
GILD	C	0.27%
WSO	A	0.27%
MSI	B	0.27%
PYPL	B	0.27%
STLD	B	0.27%
BMY	B	0.27%
NUE	C	0.25%
ACN	C	0.25%
THC	D	0.24%
BERY	B	0.24%
CHRD	D	0.24%
AM	A	0.24%
LSTR	D	0.24%
MMM	D	0.23%
PHM	D	0.22%
LEA	D	0.22%
HCA	F	0.21%
CL	D	0.21%
BBY	D	0.21%
GIS	D	0.21%

VSMV Underweight 37 Positions Relative to PWV

Symbol	Grade	Weight
WFC	A	-4.15%
BAC	A	-3.7%
JPM	A	-3.52%
CVX	A	-3.52%
IBM	C	-3.37%
ABT	B	-3.26%
BRK.A	B	-3.25%
VZ	C	-3.16%
TXN	C	-3.13%
AMGN	D	-2.9%
MS	A	-1.78%
COF	B	-1.77%
OKE	A	-1.68%
DELL	C	-1.65%
JCI	C	-1.64%
CMI	A	-1.63%
GM	B	-1.61%
PNC	B	-1.6%
BK	A	-1.59%
URI	B	-1.58%
LNG	B	-1.57%
T	A	-1.56%
KR	B	-1.54%
MET	A	-1.51%
LHX	C	-1.48%
ET	A	-1.48%
PRU	A	-1.47%
CB	C	-1.42%
AIG	B	-1.39%
RTX	C	-1.37%
VLO	C	-1.36%
PSX	C	-1.32%
MPC	D	-1.27%
LEN	D	-1.27%
DHI	D	-1.19%
CNC	D	-1.03%
ELV	F	-1.02%