EXEQ vs PBUS

EXEQDWedbush ReturnOnLeadership U.S. Large-Cap ETF

PBUSAInvesco MSCI USA ETF

In short

EXEQ Most funds screen for cheap or profitable. This one screens for good management: 50 US large caps ranked by an AI-built leadership score, and weighted by that score instead of by size.

PBUS Roughly 500 US stocks for 0.04% a year, benchmarked to the MSCI USA Index instead of the S&P 500. Invesco's rules-based core holding, running since 2017.

Stated mandate

EXEQ The Fund seeks to track, before fees and expenses, the total return of the Solactive Indiggo Return on Leadership U.S. Large-Cap Index. It uses passive indexing and normally invests at least 80% of net assets in Index components.

PBUS The Fund tracks the MSCI USA Index and commits at least 90% of its assets to securities included in that index.

Why people hold it

• EXEQ Screens for something most factors ignore: management execution. Indiggo's score rates companies on purpose, strategic clarity, alignment and focused action; the top 50 make the index.wedbushfunds.comsolactive.com
• Positions are sized by leadership score rather than market cap, with quarterly reviews, so the largest company in the market is not automatically the largest holding.solactive.com
• Conventional plumbing under a novel idea: a 1940 Act index fund that normally keeps at least 80% of net assets in components of a published Solactive benchmark.

• PBUS 0.04% a year sits at the floor of its peer group, matching SPYV and a hair above SCHK's 0.03%.invesco.com
• Returns have hugged the MSCI USA Index about as tightly as anything in its cohort, so index-level exposure arrives with very little slippage.
• A multi-billion-dollar fund trading since 2017, with a real market cycle behind it rather than a launch-window track record.
• Roughly 500 names and quarterly distributions: a plain broad-market wrapper with no options overlay, no leverage, no sector tilt bolted on.

Worth knowing

• EXEQ At 0.75%, it prices like a specialist strategy rather than an index tracker. Broad index peers such as SCHK and SPYV charge a few basis points for their exposure.
• The scores come from large language models and generative AI, and the fund's own risk disclosures note such models can be hard to interpret and produce unexpected results.wedbushfunds.com
• A 50-stock portfolio launched in 2026, still small and lightly traded: more weight per name than a 500-stock index fund, no long record, and spreads that can run wider.wedbushfunds.com

• PBUS MSCI USA is not the S&P 500. Holdings and results drift from an S&P-benchmarked portfolio, which matters if that is the yardstick you track against.invesco.com
• The mandate commits at least 90% of assets to index securities, which leaves a slice of room outside the benchmark.
• Moderately traded rather than one of the tape's busiest tickers, so spreads deserve a glance and limit orders earn their keep.

Full EXEQ profile⁠

Full PBUS profile⁠