UPGDvsCVMCETF Comparison
VS
Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) belongs to the US Large Cap segment. Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is part of the US Mid Cap segment. UPGD's top 3 sector exposures are Consumer Non-Cyclicals, Industrials and Technology. In contrast, CVMC's top sector exposures are Finance, Industrials and Technology. UPGD is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.15% for CVMC. UPGD is up 11.36% year-to-date (YTD) with -$8M in YTD flows. CVMC performs better with 16.73% YTD performance, and +$16M in YTD flows. Run a side-by-side ETF comparison of UPGD and CVMC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
UPGD vs CVMC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UPGD CVMC | +2.19%+0.47% | -0.53%-2.32% | +11.36%+16.73% | +13.15%+19.88% | +56.85%+62.68% | +39.44%n/a |
| Flows | UPGD CVMC | -$9M+$7M | -$8M+$15M | -$8M+$16M | -$10M+$25M | -$47M+$63M | -$59M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UPGD CVMC | +11.96%+11.40% | +13.80%+14.20% | +15.11%+15.99% | +18.55%n/a |
| Max drawdown | UPGD CVMC | -5.66%-7.20% | -10.10%-9.34% | -16.72%-21.43% | -24.26%n/a |
| Max drawdown duration | UPGD CVMC | 64d64d | 82d49d | 263d269d | 839dn/a |
Trading data
UPGD | CVMC | |
Last sale 10/19/2026 at 1:30 PM | $82.24 | $74.03 |
| Previous close 10/16/2026 | $82.35 | $74.14 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
UPGD | CVMC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
UPGD | CVMC | |
|---|---|---|
| Last price | $82.24 | $74.03 |
| 1D performance | -0.13% | -0.15% |
| AuM | $109.86 M | $114.95 M |
| E/R | 0.4% | 0.15% |
Characteristics
UPGD | CVMC | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Morgan Stanley |
| Benchmark | Bloomberg ANR Improvers Index | Calvert US Mid-Cap Core Responsible Index |
| N° of holdings | 50 | 590 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 19, 2006 | February 1, 2023 |
| ESG | No | Yes |
Advertisement
Exposure
Countries
UPGD
USA
97.67%
Other
2.33%
CVMC
USA
96.89%
Other
3.11%
Sectors
UPGD
Consumer Non-Cycl.
21.55%
Industrials
14.78%
Technology
14.17%
Consumer Cyclical.
11.58%
Consumer Services
8.99%
Non-Energy Materi.
8.38%
Other
20.54%
CVMC
Finance
25.18%
Industrials
15.83%
Technology
15.31%
Healthcare
13.94%
Other
29.74%
Advertisement
Diversification
UPGD
Total weight of top 15 holdings out of 15
36.71%
CVMC
Total weight of top 15 holdings out of 15
8.06%
Top 15 holdings
Data as of August 31, 2026
UPGD
NetApp, Inc.
3.02%
Expedia Group, Inc.
2.76%
Airbnb, Inc.
2.56%
The Estée Lauder Companies, Inc.
2.56%
Williams-Sonoma, Inc.
2.49%
Incyte Corp.
2.48%
Mettler-Toledo International, Inc.
2.45%
International Paper Co.
2.43%
Cognizant Technology Solutions Corp.
2.34%
Allegion Plc
2.33%
Rivian Automotive, Inc.
2.30%
Expeditors International of Washington, Inc.
2.27%
Dollar General Corp.
2.27%
Cintas Corp.
2.24%
McCormick & Co., Inc.
2.20%
CVMC
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
0.78%
Target Corp.
0.62%
Hewlett Packard Enterprise Co.
0.60%
Arthur J. Gallagher & Co.
0.58%
PACCAR, Inc.
0.56%
Equity Residential
0.51%
Moderna, Inc.
0.51%
Dominion Energy, Inc.
0.50%
Realty Income Corp.
0.50%
Nucor Corp.
0.49%
W.W. Grainger, Inc.
0.49%
Autodesk, Inc.
0.49%
Fastenal Co.
0.48%
Becton, Dickinson & Co.
0.48%
Keysight Technologies, Inc.
0.47%
Frequently asked questions about UPGD and CVMC
How have the UPGD and CVMC ETFs performed in 2026?
As of October 16, 2026, UPGD is up 11.36% year-to-date (YTD), while CVMC has returned 16.73%. That puts CVMC better performer ahead so far this year.
Which ETF is attracting more investor money: UPGD or CVMC?
Year-to-date, the UPGD ETF saw -$8M in flows, compared to +$16M for CVMC.
Which ETF is more volatile: UPGD or CVMC?
Over the past year, UPGD had a volatility of 13.8%, while CVMC experienced 14.2%.
Which ETF is bigger: UPGD or CVMC?
As of October 16, 2026, UPGD holds $109.86 M in assets under management (AUM), while CVMC manages $114.95 M.
What sectors do the UPGD and CVMC ETFs invest in?
UPGD leans toward sectors like Consumer Non-Cyclicals, Industrials and Technology. Meanwhile, CVMC focuses on Finance, Industrials and Technology.
What are the top holdings of the UPGD ETF and CVMC ETF?
UPGD top holdings include NetApp, Inc., Expedia Group, Inc. and Airbnb, Inc.. CVMC holds in its top three: Morgan Stanley Instl. Liquidity Funds - Government Portfolio, Target Corp. and Hewlett Packard Enterprise Co..
Which ETF is more diversified: UPGD or CVMC?
UPGD holds 50 securities with 36.71% of its assets in the top 15. CVMC has 590 securities and a top 15 weight of 8.06%.
Advertisement
Advertisement
