VSMV vs. SPMV ETF Comparison

Comparison of VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) to Invesco S&P 500 Minimum Variance ETF (SPMV)

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

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

Performance

Period	VSMV	SPMV
30 Days	3.22%	1.14%
60 Days	4.01%	2.01%
90 Days	4.52%	4.46%
12 Months	23.25%	26.03%

12 Overlapping Holdings

Symbol	Grade	Weight in VSMV	Weight in SPMV	Overlap
AAPL	C	9.39%	2.9%	2.9%
ACN	C	0.25%	0.31%	0.25%
GD	F	0.48%	0.06%	0.06%
GILD	C	0.27%	0.09%	0.09%
GIS	D	0.21%	1.49%	0.21%
JNJ	D	3.43%	1.18%	1.18%
MRK	F	2.46%	2.43%	2.43%
MSFT	F	8.89%	2.85%	2.85%
PG	A	2.92%	2.72%	2.72%
RSG	A	3.09%	0.54%	0.54%
TJX	A	0.28%	0.5%	0.28%
XOM	B	3.55%	0.68%	0.68%

VSMV Overweight 56 Positions Relative to SPMV

Symbol	Grade	Weight
WMT	A	3.81%
COR	B	3.24%
LMT	D	3.01%
WM	A	3.0%
ADP	B	2.91%
AFL	B	2.87%
CAH	B	2.74%
MCK	B	2.64%
CTSH	B	2.59%
COST	B	2.58%
ALL	A	2.55%
CI	F	2.51%
LDOS	C	2.38%
HPE	B	2.26%
ABBV	D	2.15%
NTAP	C	2.02%
EOG	A	1.95%
GOOGL	C	1.88%
KMI	A	1.73%
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%
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%
WSO	A	0.27%
MSI	B	0.27%
PYPL	B	0.27%
STLD	B	0.27%
BMY	B	0.27%
KMB	D	0.26%
NUE	C	0.25%
THC	D	0.24%
BERY	B	0.24%
CAT	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%
KO	D	0.21%
CL	D	0.21%
BBY	D	0.21%

VSMV Underweight 63 Positions Relative to SPMV

Symbol	Grade	Weight
NVDA	C	-3.54%
GEV	B	-3.53%
TMUS	B	-3.38%
CSCO	B	-3.34%
AMZN	C	-3.25%
AON	A	-3.09%
BRK.A	B	-2.92%
QCOM	F	-2.79%
ABT	B	-2.79%
MMC	B	-2.74%
AJG	B	-2.63%
CB	C	-2.58%
MDLZ	F	-2.5%
VRTX	F	-2.42%
HD	A	-2.22%
ORCL	B	-2.17%
AVGO	D	-2.12%
ADBE	C	-2.1%
NOW	A	-1.76%
AMT	D	-1.76%
VRSK	A	-1.69%
ZTS	D	-1.64%
CRM	B	-1.63%
PGR	A	-1.61%
NEE	D	-1.59%
SRE	A	-1.49%
DUK	C	-1.3%
REGN	F	-1.13%
HSY	F	-1.05%
PFE	D	-1.02%
TRV	B	-0.98%
AEE	A	-0.97%
TDY	B	-0.94%
VZ	C	-0.93%
AEP	D	-0.91%
BRO	B	-0.81%
MKC	D	-0.75%
INTU	C	-0.75%
CCI	D	-0.7%
LLY	F	-0.67%
RTX	C	-0.65%
JPM	A	-0.61%
GOOG	C	-0.58%
IBM	C	-0.53%
SO	D	-0.47%
ELV	F	-0.46%
NEM	D	-0.44%
TSN	B	-0.42%
HRL	D	-0.38%
IDXX	F	-0.37%
META	D	-0.33%
AMGN	D	-0.32%
BIIB	F	-0.31%
KHC	F	-0.29%
T	A	-0.28%
ADM	D	-0.25%
AIG	B	-0.25%
PCG	A	-0.24%
ACGL	D	-0.23%
CVS	D	-0.22%
XEL	A	-0.19%
TRMB	B	-0.1%
BA	F	-0.04%