XSVM vs. QVAL ETF Comparison

Comparison of Invesco S&P SmallCap Value with Momentum ETF (XSVM) to ValueShares U.S. Quantitative Value ETF (QVAL)

XSVM

Invesco S&P SmallCap Value with Momentum ETF

XSVM Description

The investment seeks to track the investment results (before fees and expenses) of the S&P SmallCap 600 High Momentum Value 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 compiles, maintains and calculates the underlying index, which is designed to track the performance of approximately 120 stocks in the S&P SmallCap 600® that have the highest “value” and “momentum” scores.

Grade (RS Rating)

Last Trade

$57.00

Average Daily Volume

85,383

Number of Holdings ^*

116

* may have additional holdings in another (foreign) market

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.30

Average Daily Volume

23,051

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XSVM	QVAL
30 Days	13.30%	6.03%
60 Days	7.31%	1.35%
90 Days	8.99%	6.60%
12 Months	19.45%	25.15%

6 Overlapping Holdings

Symbol	Grade	Weight in XSVM	Weight in QVAL	Overlap
ARCH	F	0.5%	1.83%	0.5%
CEIX	D	0.62%	1.86%	0.62%
CVI	D	0.96%	1.92%	0.96%
LBRT	B	0.59%	2.13%	0.59%
SIG	F	0.52%	1.85%	0.52%
SM	D	0.56%	1.8%	0.56%

XSVM Overweight 110 Positions Relative to QVAL

Symbol	Grade	Weight
KELYA	B	1.76%
KSS	F	1.53%
SNEX	A	1.48%
PARR	D	1.46%
TWI	D	1.4%
ANDE	C	1.38%
ODP	D	1.37%
GPI	B	1.36%
JXN	B	1.28%
CUBI	B	1.21%
LNC	B	1.19%
ZEUS	D	1.18%
SAH	B	1.17%
ABG	B	1.12%
EZPW	C	1.09%
GIII	D	1.07%
STBA	B	1.06%
SCSC	B	1.04%
SPNT	B	1.02%
CCS	B	1.01%
BKU	B	1.01%
FCF	B	1.0%
VBTX	B	1.0%
MHO	B	1.0%
CLW	B	0.99%
OMI	D	0.99%
AGO	C	0.98%
SXC	A	0.94%
ABM	A	0.93%
CAL	C	0.93%
AL	B	0.91%
DNOW	B	0.9%
AX	C	0.89%
GES	C	0.88%
WSFS	B	0.86%
RUSHA	B	0.86%
TPH	C	0.86%
EIG	A	0.85%
CPF	B	0.84%
ABCB	B	0.82%
RDN	B	0.82%
HVT	D	0.82%
MTH	B	0.82%
FHB	B	0.8%
PMT	C	0.8%
FULT	C	0.8%
PHIN	B	0.79%
MLKN	B	0.79%
PUMP	D	0.79%
TRMK	B	0.79%
AMWD	B	0.79%
GRBK	B	0.78%
SANM	B	0.78%
GBX	C	0.78%
ENVA	B	0.78%
CXW	D	0.77%
GEO	D	0.77%
DLX	B	0.76%
LZB	B	0.76%
KOP	D	0.75%
WGO	D	0.74%
HP	C	0.74%
NVRI	A	0.74%
PFBC	B	0.74%
INVA	A	0.74%
MOV	D	0.74%
DXPE	B	0.74%
STC	C	0.73%
OFG	B	0.73%
HSII	B	0.73%
COOP	B	0.72%
CASH	B	0.72%
NMIH	B	0.72%
SLCA	B	0.71%
BHE	A	0.71%
CALM	A	0.7%
EFC	C	0.69%
MTUS	C	0.68%
CENTA	F	0.68%
MCY	B	0.68%
HMN	C	0.67%
WABC	C	0.66%
ABR	D	0.66%
HUBG	B	0.66%
SCVL	B	0.66%
ETH	D	0.66%
SHO	C	0.65%
TILE	B	0.65%
HIBB	A	0.65%
TDS	C	0.64%
URBN	C	0.64%
VTOL	A	0.64%
PSMT	B	0.63%
TTMI	D	0.63%
NX	C	0.63%
CENX	D	0.62%
NOG	A	0.62%
CNXN	B	0.6%
HCC	C	0.6%
WOR	F	0.6%
SKYW	C	0.6%
BCC	C	0.6%
REX	C	0.58%
CRC	C	0.58%
MYE	D	0.57%
AMR	F	0.57%
BLMN	D	0.57%
GMS	B	0.56%
LPG	D	0.51%
KALU	D	0.5%

XSVM Underweight 44 Positions Relative to QVAL

Symbol	Grade	Weight
TEX	C	-2.4%
TMHC	B	-2.35%
TOL	B	-2.34%
PHM	B	-2.31%
ALSN	A	-2.26%
MAT	C	-2.26%
ON	C	-2.2%
UFPI	B	-2.2%
THC	B	-2.16%
FOXA	A	-2.11%
MOH	D	-2.1%
CTSH	B	-2.08%
CNC	B	-2.08%
MO	C	-2.08%
LEA	D	-2.06%
OMC	A	-2.06%
CMCSA	C	-2.06%
APA	D	-2.05%
SNA	B	-2.04%
IPG	C	-2.04%
OC	B	-2.01%
UTHR	C	-2.01%
BG	D	-2.01%
TAP	D	-2.0%
GPK	B	-1.99%
AGCO	F	-1.98%
HPQ	C	-1.98%
KHC	C	-1.97%
VLO	C	-1.96%
T	B	-1.93%
FANG	B	-1.92%
ELV	C	-1.9%
HAL	D	-1.9%
JBL	F	-1.88%
WFRD	D	-1.83%
CRI	F	-1.83%
ULTA	F	-1.8%
PCAR	F	-1.79%
DINO	F	-1.78%
INSW	D	-1.76%
PVH	F	-1.73%
DAL	D	-1.71%
CROX	D	-1.68%
PBF	F	-1.66%