FOVL vs. USMV ETF Comparison

Comparison of iShares Focused Value Factor ETF (FOVL) to iShares MSCI USA Minimum Volatility ETF (USMV)

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.67

Average Daily Volume

1,844

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

$91.15

Average Daily Volume

2,261,365

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	FOVL	USMV
30 Days	2.50%	0.26%
60 Days	9.30%	5.37%
90 Days	13.16%	9.17%
12 Months	39.52%	29.05%

1 Overlapping Holdings

	Symbol	Grade	Weight in FOVL	Weight in USMV	Overlap
	T	A	2.81%	0.71%	0.71%

FOVL Overweight 38 Positions Relative to USMV

Symbol	Grade	Weight
FYBR	C	3.93%
TOL	A	3.89%
PNFP	D	3.48%
IBKR	A	3.37%
SF	A	3.2%
AXS	A	3.05%
JPM	D	2.98%
SNV	D	2.96%
ORI	A	2.91%
LPX	A	2.91%
BLDR	B	2.86%
JHG	C	2.86%
COF	C	2.78%
FHB	D	2.66%
Z	C	2.66%
CNA	D	2.62%
CUZ	C	2.62%
KMI	A	2.61%
WLK	B	2.57%
WTM	D	2.54%
FNB	D	2.51%
WBS	D	2.5%
HPE	C	2.48%
STT	C	2.46%
DFS	C	2.44%
AMG	C	2.39%
PFG	C	2.32%
PNW	A	2.23%
AN	B	2.21%
LYB	D	2.17%
THO	C	2.16%
SNDR	C	2.01%
AGR	C	1.95%
NUE	D	1.88%
UNM	A	1.75%
ALK	B	1.71%
CLF	D	1.55%
LLYVK	A	0.79%

FOVL Underweight 169 Positions Relative to USMV

Symbol	Grade	Weight
IBM	C	-1.75%
TMUS	A	-1.69%
PGR	C	-1.68%
MSI	A	-1.67%
WMT	A	-1.66%
LLY	D	-1.58%
NOC	B	-1.54%
DUK	B	-1.53%
BRK.A	C	-1.51%
RSG	D	-1.5%
CB	A	-1.5%
WCN	D	-1.49%
VZ	A	-1.44%
TXN	C	-1.42%
MSFT	C	-1.38%
SO	A	-1.38%
WM	D	-1.37%
CSCO	A	-1.35%
UNH	B	-1.34%
APH	D	-1.34%
ROP	C	-1.31%
MCD	A	-1.29%
JNJ	C	-1.26%
AVGO	C	-1.26%
PG	C	-1.25%
ACN	B	-1.24%
MRK	F	-1.21%
ABBV	A	-1.21%
AJG	D	-1.21%
ED	A	-1.2%
ORCL	C	-1.15%
MMC	D	-1.12%
PEP	D	-1.1%
MCK	F	-1.06%
TRV	C	-1.05%
AAPL	C	-0.99%
AZO	D	-0.96%
LMT	A	-0.9%
GILD	A	-0.9%
CBOE	B	-0.86%
GDDY	D	-0.84%
REGN	D	-0.83%
K	B	-0.81%
ACGL	A	-0.81%
V	C	-0.78%
GIS	B	-0.77%
CTSH	C	-0.76%
EA	D	-0.76%
FCNCA	D	-0.74%
WEC	A	-0.74%
VRTX	D	-0.71%
KDP	C	-0.71%
AMGN	D	-0.7%
ELV	F	-0.69%
NOW	C	-0.68%
TSN	D	-0.68%
MA	A	-0.66%
VRSN	C	-0.66%
ORLY	A	-0.64%
COR	F	-0.62%
BDX	B	-0.6%
NEM	C	-0.6%
KR	B	-0.59%
FANG	F	-0.57%
FI	A	-0.57%
KEYS	C	-0.56%
MPC	F	-0.56%
NVDA	C	-0.55%
ERIE	A	-0.54%
TDY	B	-0.53%
FFIV	C	-0.52%
CME	A	-0.51%
YUM	B	-0.51%
MDLZ	C	-0.51%
JNPR	C	-0.5%
FICO	C	-0.5%
UBER	C	-0.5%
PTC	D	-0.49%
AON	A	-0.49%
INCY	B	-0.48%
CDW	D	-0.46%
CL	D	-0.46%
AKAM	D	-0.46%
BAH	A	-0.45%
XOM	B	-0.45%
EG	B	-0.45%
HUM	F	-0.45%
TJX	C	-0.44%
KHC	B	-0.43%
XEL	A	-0.43%
BMY	B	-0.43%
AEP	B	-0.41%
WDAY	D	-0.41%
VRSK	D	-0.4%
CPB	D	-0.38%
CMCSA	B	-0.38%
CHD	B	-0.37%
ROL	B	-0.37%
CTVA	B	-0.37%
WTW	A	-0.35%
HSY	D	-0.34%
IT	C	-0.34%
AFG	B	-0.34%
GEN	A	-0.33%
NBIX	F	-0.32%
MKL	B	-0.32%
CVX	D	-0.31%
GLW	C	-0.3%
FWONK	D	-0.3%
ICE	A	-0.29%
AIZ	A	-0.29%
WRB	B	-0.29%
HD	A	-0.29%
ANET	B	-0.29%
GRMN	D	-0.28%
L	D	-0.27%
ADI	C	-0.25%
BMRN	F	-0.25%
ALNY	B	-0.25%
WMB	A	-0.24%
PFE	D	-0.24%
AEE	A	-0.23%
D	A	-0.23%
CI	C	-0.23%
HRL	F	-0.22%
KMB	B	-0.22%
NTAP	D	-0.22%
MOH	D	-0.22%
AZPN	C	-0.22%
HON	B	-0.22%
MELI	C	-0.2%
CMS	A	-0.2%
DTE	A	-0.2%
HUBS	D	-0.19%
LIN	B	-0.18%
TW	A	-0.18%
STX	B	-0.18%
PKG	A	-0.18%
DPZ	D	-0.18%
HOLX	D	-0.17%
SNPS	F	-0.17%
CRWD	D	-0.16%
CDNS	D	-0.16%
EOG	D	-0.16%
GOOG	C	-0.15%
UTHR	B	-0.14%
MDT	A	-0.14%
AMZN	C	-0.13%
OXY	F	-0.13%
HIG	A	-0.12%
KO	B	-0.11%
LNT	A	-0.1%
DELL	D	-0.1%
DGX	C	-0.1%
RTX	A	-0.09%
ABT	C	-0.09%
FSLR	C	-0.08%
ADP	A	-0.08%
TEL	D	-0.07%
PSX	F	-0.06%
GD	A	-0.06%
KNX	C	-0.06%
OTIS	A	-0.06%
VLO	F	-0.05%
CVS	D	-0.05%
BR	B	-0.05%
ULTA	D	-0.05%
ATO	A	-0.05%
CRM	C	-0.04%