DFNV vs. USMV ETF Comparison

Comparison of TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) to iShares MSCI USA Minimum Volatility ETF (USMV)

DFNV

TrimTabs Donoghue Forlines Risk Managed Innovation ETF

DFNV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (R&D) investment

Grade (RS Rating)

Last Trade

$31.52

Average Daily Volume

2,539

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$87.09

Average Daily Volume

1,503,632

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	DFNV	USMV
30 Days	-2.02%	3.65%
60 Days	6.40%	5.56%
90 Days	6.14%	7.76%
12 Months	15.83%	18.33%

23 Overlapping Holdings

Symbol	Grade	Weight in DFNV	Weight in USMV	Overlap
AAPL	C	7.98%	1.0%	1.0%
ABBV	A	3.05%	1.0%	1.0%
AMZN	D	5.73%	1.0%	1.0%
AVGO	D	3.86%	1.0%	1.0%
BMY	B	1.67%	1.0%	1.0%
CDNS	F	1.22%	1.0%	1.0%
CRWD	F	1.15%	1.0%	1.0%
EA	B	1.03%	1.0%	1.0%
FFIV	B	0.48%	1.0%	0.48%
GILD	B	1.75%	1.0%	1.0%
HOLX	A	0.58%	1.0%	0.58%
IBM	B	2.07%	1.0%	1.0%
KEYS	F	0.68%	1.0%	0.68%
KMB	B	0.92%	1.0%	0.92%
MRK	F	2.89%	1.0%	1.0%
MSI	A	1.29%	1.0%	1.0%
NBIX	A	0.64%	1.0%	0.64%
NOW	B	2.39%	1.0%	1.0%
NTAP	C	0.8%	1.0%	0.8%
ORCL	B	2.84%	1.0%	1.0%
PTC	D	0.67%	1.0%	0.67%
UBER	F	1.79%	1.0%	1.0%
WDAY	D	1.07%	1.0%	1.0%

DFNV Overweight 75 Positions Relative to USMV

Symbol	Grade	Weight
META	C	4.46%
ADBE	B	2.72%
INTU	B	2.14%
QCOM	D	2.13%
AMAT	D	1.75%
PANW	C	1.71%
SPOT	B	1.33%
ADSK	C	1.29%
PLTR	C	1.24%
MMM	A	1.14%
DDOG	F	1.07%
FTNT	F	1.05%
SNOW	F	1.01%
TTD	D	1.0%
TEAM	D	0.97%
MCHP	F	0.95%
DASH	D	0.93%
ZS	F	0.9%
A	B	0.87%
VEEV	C	0.86%
PINS	F	0.76%
APP	D	0.73%
SWKS	C	0.72%
PSTG	D	0.71%
VRT	D	0.69%
MANH	B	0.68%
EXPE	D	0.62%
ZM	F	0.59%
ENPH	F	0.57%
QRVO	C	0.57%
NTNX	F	0.56%
DT	F	0.53%
CLX	D	0.53%
MTCH	B	0.49%
JKHY	B	0.48%
SMAR	B	0.47%
PEGA	B	0.45%
HAS	B	0.45%
HALO	B	0.45%
ETSY	D	0.44%
PCTY	C	0.43%
DBX	D	0.43%
ROKU	D	0.43%
CRUS	C	0.42%
NYT	B	0.42%
SOLV	B	0.41%
CIEN	B	0.41%
GNRC	C	0.41%
JAZZ	C	0.4%
CVLT	B	0.39%
QLYS	D	0.39%
DUOL	F	0.39%
WFRD	C	0.38%
MAT	B	0.38%
TENB	D	0.37%
ALTR	D	0.34%
BOX	B	0.33%
LSCC	F	0.32%
DLB	F	0.31%
ZETA	B	0.31%
ALRM	C	0.28%
CORT	B	0.28%
DOCS	C	0.26%
IDCC	A	0.25%
TDC	F	0.25%
CACC	D	0.25%
BL	F	0.24%
RNG	C	0.23%
PLTK	F	0.23%
YELP	F	0.2%
RPD	F	0.2%
PRGS	B	0.2%
CMPR	B	0.18%
FLNC	F	0.16%
SONO	F	0.14%

DFNV Underweight 147 Positions Relative to USMV

Symbol	Grade	Weight
CRM	C	-1.0%
ULTA	F	-1.0%
BR	A	-1.0%
ATO	A	-1.0%
CVS	C	-1.0%
VLO	B	-1.0%
GD	C	-1.0%
OTIS	D	-1.0%
KNX	B	-1.0%
PSX	C	-1.0%
FSLR	D	-1.0%
TEL	C	-1.0%
ADP	A	-1.0%
ABT	B	-1.0%
RTX	A	-1.0%
LNT	A	-1.0%
DELL	D	-1.0%
DGX	A	-1.0%
KO	A	-1.0%
HIG	A	-1.0%
MDT	C	-1.0%
UTHR	B	-1.0%
OXY	F	-1.0%
MELI	D	-1.0%
GOOG	D	-1.0%
EOG	C	-1.0%
TW	A	-1.0%
STX	C	-1.0%
LIN	B	-1.0%
PKG	A	-1.0%
HUBS	F	-1.0%
AZPN	F	-1.0%
SNPS	F	-1.0%
DPZ	D	-1.0%
CMS	A	-1.0%
DTE	A	-1.0%
AEE	A	-1.0%
D	A	-1.0%
ALNY	A	-1.0%
HON	D	-1.0%
HRL	B	-1.0%
WMB	B	-1.0%
MOH	C	-1.0%
CI	C	-1.0%
ANET	C	-1.0%
ADI	D	-1.0%
PFE	B	-1.0%
AIZ	B	-1.0%
GLW	C	-1.0%
HD	C	-1.0%
ICE	A	-1.0%
L	B	-1.0%
GRMN	B	-1.0%
WRB	B	-1.0%
BMRN	C	-1.0%
GEN	B	-1.0%
FWONK	B	-1.0%
AFG	B	-1.0%
IT	A	-1.0%
MKL	C	-1.0%
HSY	B	-1.0%
CVX	C	-1.0%
WTW	A	-1.0%
ROL	C	-1.0%
CHD	D	-1.0%
CTVA	C	-1.0%
CPB	A	-1.0%
CMCSA	C	-1.0%
XEL	B	-1.0%
BAH	D	-1.0%
AEP	A	-1.0%
FICO	B	-1.0%
KHC	B	-1.0%
TJX	A	-1.0%
VRSK	C	-1.0%
CL	A	-1.0%
ERIE	A	-1.0%
AKAM	C	-1.0%
XOM	B	-1.0%
EG	D	-1.0%
CME	F	-1.0%
AON	B	-1.0%
MDLZ	C	-1.0%
NVDA	D	-1.0%
CDW	D	-1.0%
JNPR	A	-1.0%
YUM	C	-1.0%
INCY	C	-1.0%
NEM	A	-1.0%
TDY	B	-1.0%
FI	A	-1.0%
KR	B	-1.0%
K	A	-1.0%
HUM	D	-1.0%
MA	C	-1.0%
FANG	C	-1.0%
BDX	C	-1.0%
MPC	C	-1.0%
T	A	-1.0%
COR	A	-1.0%
ORLY	A	-1.0%
KDP	A	-1.0%
VRSN	C	-1.0%
WEC	A	-1.0%
TSN	A	-1.0%
ACGL	D	-1.0%
AMGN	B	-1.0%
ELV	C	-1.0%
GIS	B	-1.0%
CTSH	B	-1.0%
V	D	-1.0%
GDDY	C	-1.0%
VRTX	A	-1.0%
CBOE	B	-1.0%
LMT	A	-1.0%
FCNCA	B	-1.0%
REGN	A	-1.0%
TRV	B	-1.0%
AZO	B	-1.0%
MMC	A	-1.0%
PEP	B	-1.0%
MCD	C	-1.0%
ED	A	-1.0%
PG	B	-1.0%
ACN	C	-1.0%
AJG	A	-1.0%
CSCO	C	-1.0%
JNJ	B	-1.0%
APH	D	-1.0%
SO	A	-1.0%
VZ	C	-1.0%
ROP	D	-1.0%
WM	C	-1.0%
UNH	A	-1.0%
MCK	A	-1.0%
LLY	D	-1.0%
MSFT	D	-1.0%
TXN	C	-1.0%
PGR	B	-1.0%
NOC	A	-1.0%
RSG	B	-1.0%
WMT	B	-1.0%
CB	A	-1.0%
DUK	A	-1.0%
BRK.A	C	-1.0%
TMUS	A	-1.0%
WCN	A	-1.0%

DFNV: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Internet Content & Information Biotechnology Drug Manufacturers - Major Data Storage Leisure Communication Equipment Consumer Electronics Diversified Industrials Health Information Services Household & Personal Products Semiconductor Equipment & Materials Specialty Retail Telecom Services Business Services Conglomerates Credit Services Diagnostics & Research