XMHQ vs. COWS ETF Comparison

Comparison of Invesco S&P MidCap Quality ETF (XMHQ) to Amplify Cash Flow Dividend Leaders ETF (COWS)

XMHQ

Invesco S&P MidCap Quality ETF

XMHQ Description

The investment seeks to track the investment results (before fees and expenses) of the S&P MidCap 400Â® Quality Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider first calculates the quality score of each security in the S&P MidCap 400Â® Index.

Grade (RS Rating)

Last Trade

$102.54

Average Daily Volume

301,656

Number of Holdings ^*

* may have additional holdings in another (foreign) market

COWS

Amplify Cash Flow Dividend Leaders ETF

COWS Description

COWS is an index tracking fund utilizing a replication strategy. The index strategy aims to invest in US stocks of companies perceived to be stable and pay dividends. The starting investment universe considers the 1000 most liquid US-listed companies, excluding the financial sector. Filtering this universe, the 100 highest ranked free cash flow yielding stocks, as measured by equally weighting the stocks average trailing and forward cash flow yield. Companies with no forward estimates for free cash flow yields or earnings are removed. The investment universe is then filtered to identify dividend paying stocks with three years of uninterrupted dividend growth. Stocks with a payout ratio greater than 75% are eliminated. The top 10% of dividend yielding stocks are selected for the index. This process results in 40-100 stocks being selected and initially equally weighted in the index. Industry exposure is capped at 24%. Index holdings are reconstituted and rebalanced on a quarterly basis.

Grade (RS Rating)

Last Trade

$30.32

Average Daily Volume

6,636

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XMHQ	COWS
30 Days	-2.63%	1.53%
60 Days	0.00%	4.10%
90 Days	3.85%	6.62%
12 Months	24.67%	25.18%

8 Overlapping Holdings

Symbol	Grade	Weight in XMHQ	Weight in COWS	Overlap
AYI	B	1.43%	1.4%	1.4%
ENS	D	0.49%	1.12%	0.49%
G	A	0.94%	2.68%	0.94%
INGR	B	1.32%	1.25%	1.25%
OC	A	2.16%	2.76%	2.16%
SAIC	D	1.03%	1.19%	1.03%
VNT	C	0.91%	1.46%	0.91%
WSM	D	3.43%	2.17%	2.17%

XMHQ Overweight 68 Positions Relative to COWS

Symbol	Grade	Weight
MANH	D	4.08%
CSL	C	3.86%
EME	B	3.81%
FIX	A	2.48%
THC	C	2.39%
RS	B	2.38%
RNR	D	2.28%
LECO	C	2.08%
GGG	A	2.05%
TOL	B	2.03%
PSTG	F	1.86%
CW	B	1.83%
KNSL	B	1.8%
DT	C	1.66%
MEDP	D	1.62%
BLD	F	1.59%
DKS	D	1.57%
EXP	B	1.45%
CR	B	1.44%
MUSA	A	1.43%
AIT	A	1.4%
CVLT	B	1.38%
PRI	A	1.35%
WMS	F	1.34%
AFG	A	1.3%
RGLD	A	1.3%
CHE	D	1.3%
TREX	C	1.3%
SEIC	A	1.28%
PCTY	B	1.22%
UFPI	C	1.21%
CNM	C	1.2%
CELH	F	1.13%
LSTR	D	1.13%
DCI	B	1.12%
RLI	A	1.1%
LSCC	D	1.09%
CROX	F	1.02%
SSD	D	1.01%
WFRD	F	0.96%
QLYS	C	0.94%
LNTH	F	0.94%
ELF	C	0.93%
COKE	D	0.9%
ROIV	D	0.9%
CHX	C	0.88%
DINO	D	0.87%
KBH	D	0.85%
MSA	D	0.84%
CBT	C	0.82%
MTG	C	0.81%
VVV	B	0.8%
ESNT	D	0.74%
EXPO	D	0.74%
CRUS	F	0.66%
MSM	D	0.66%
LOPE	B	0.64%
NEU	D	0.6%
LANC	D	0.52%
FHI	A	0.51%
IBOC	A	0.49%
TEX	D	0.48%
SAM	C	0.48%
YETI	F	0.48%
NSP	F	0.47%
VC	F	0.39%
CXT	D	0.35%
CRI	F	0.32%

XMHQ Underweight 45 Positions Relative to COWS

Symbol	Grade	Weight
VST	A	-4.0%
SNA	A	-2.95%
CMCSA	B	-2.56%
MRO	A	-2.49%
CF	A	-2.48%
SLB	C	-2.48%
HAL	C	-2.43%
BC	D	-2.42%
FNF	C	-2.35%
FDX	A	-2.31%
EBAY	D	-2.3%
TPR	A	-2.21%
TKR	F	-2.13%
BMY	B	-2.07%
ALSN	A	-2.03%
PARA	D	-2.02%
SM	C	-2.02%
PVH	C	-1.95%
PTEN	C	-1.93%
VLO	C	-1.89%
NXST	D	-1.86%
SWKS	F	-1.84%
BEN	C	-1.8%
BBWI	C	-1.75%
NOV	D	-1.74%
PR	B	-1.74%
MGY	A	-1.73%
MUR	D	-1.72%
MTDR	B	-1.67%
GAP	C	-1.67%
ASO	F	-1.63%
T	A	-1.6%
MCK	A	-1.48%
DVN	F	-1.48%
OLN	F	-1.45%
TMUS	A	-1.43%
DNB	B	-1.43%
BWA	B	-1.37%
CSCO	B	-1.34%
AEO	F	-1.33%
LEA	F	-1.33%
RL	B	-1.29%
OGN	F	-1.29%
OSK	B	-1.27%
IPG	F	-1.23%