GLOF vs. USMV ETF Comparison

Comparison of iShares Global Equity Factor ETF (GLOF) to iShares MSCI USA Minimum Volatility ETF (USMV)

GLOF

iShares Global Equity Factor ETF

GLOF Description

The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to contain equity securities from the MSCI ACWI Index (the parent index) that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the parent index.

Grade (RS Rating)

Last Trade

$43.44

Average Daily Volume

4,170

Number of Holdings ^*

192

* 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

$90.84

Average Daily Volume

2,245,458

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	GLOF	USMV
30 Days	-0.06%	1.55%
60 Days	1.91%	6.06%
90 Days	2.36%	7.99%
12 Months	25.92%	23.39%

74 Overlapping Holdings

Symbol	Grade	Weight in GLOF	Weight in USMV	Overlap
AAPL	D	4.16%	0.97%	0.97%
ABBV	C	0.74%	1.22%	0.74%
ABT	C	0.25%	0.09%	0.09%
ACN	C	0.38%	1.28%	0.38%
AMGN	B	0.24%	0.7%	0.24%
AMZN	C	1.88%	0.12%	0.12%
ANET	B	0.22%	0.27%	0.22%
AVGO	C	1.3%	1.21%	1.21%
AZO	D	0.43%	0.99%	0.43%
BMY	C	0.31%	0.41%	0.31%
BRK.A	C	0.19%	1.49%	0.19%
CDNS	D	0.56%	0.16%	0.16%
CDW	D	0.12%	0.45%	0.12%
CRWD	F	0.19%	0.14%	0.14%
CSCO	B	0.21%	1.29%	0.21%
CVS	D	0.11%	0.05%	0.05%
CVX	D	0.05%	0.3%	0.05%
DELL	D	0.26%	0.1%	0.1%
DTE	B	0.08%	0.21%	0.08%
EA	D	0.03%	0.78%	0.03%
EG	B	0.11%	0.45%	0.11%
ELV	C	0.43%	0.72%	0.43%
FICO	A	0.77%	0.48%	0.48%
GILD	B	0.26%	0.89%	0.26%
GOOG	D	2.34%	0.14%	0.14%
HD	B	0.66%	0.28%	0.28%
HOLX	B	0.26%	0.17%	0.17%
HSY	C	0.16%	0.35%	0.16%
HUBS	D	0.13%	0.18%	0.13%
HUM	F	0.16%	0.47%	0.16%
IBM	B	0.08%	1.7%	0.08%
IT	B	0.36%	0.34%	0.34%
JNJ	B	0.65%	1.28%	0.65%
KEYS	C	0.04%	0.54%	0.04%
KO	B	0.19%	0.11%	0.11%
KR	B	0.41%	0.59%	0.41%
LIN	B	0.19%	0.17%	0.17%
LLY	C	0.89%	1.58%	0.89%
MA	B	0.51%	0.67%	0.51%
MCD	C	0.55%	1.27%	0.55%
MCK	F	0.52%	1.14%	0.52%
MDLZ	B	0.06%	0.52%	0.06%
MDT	C	0.01%	0.14%	0.01%
MELI	B	0.33%	0.2%	0.2%
MOH	C	0.26%	0.23%	0.23%
MPC	D	0.14%	0.56%	0.14%
MRK	D	0.51%	1.22%	0.51%
MSFT	C	4.25%	1.38%	1.38%
MSI	C	0.5%	1.64%	0.5%
NOW	A	0.32%	0.65%	0.32%
NTAP	D	0.11%	0.21%	0.11%
NVDA	D	3.71%	0.54%	0.54%
ORCL	B	0.4%	1.12%	0.4%
ORLY	B	0.32%	0.63%	0.32%
PEP	C	0.7%	1.15%	0.7%
PFE	C	0.25%	0.24%	0.24%
PG	C	0.75%	1.26%	0.75%
SNPS	D	0.21%	0.17%	0.17%
STX	D	0.02%	0.17%	0.02%
T	B	0.19%	0.71%	0.19%
TJX	C	0.06%	0.45%	0.06%
TRV	B	0.15%	1.05%	0.15%
TXN	C	0.43%	1.38%	0.43%
UBER	C	0.01%	0.47%	0.01%
ULTA	D	0.03%	0.05%	0.03%
UNH	C	0.82%	1.38%	0.82%
V	B	0.71%	0.83%	0.71%
VLO	D	0.07%	0.05%	0.05%
VRSN	D	0.02%	0.65%	0.02%
VRTX	D	0.16%	0.75%	0.16%
VZ	B	0.11%	1.44%	0.11%
WMT	B	0.62%	1.66%	0.62%
XOM	D	0.22%	0.43%	0.22%
YUM	D	0.21%	0.51%	0.21%

GLOF Overweight 118 Positions Relative to USMV

Symbol	Grade	Weight
META	A	1.26%
JPM	D	0.81%
LOW	B	0.65%
BKNG	B	0.62%
FTNT	C	0.56%
INTU	D	0.52%
COST	C	0.51%
BLDR	C	0.5%
CTAS	C	0.48%
BBY	B	0.45%
SYF	C	0.44%
MTD	D	0.44%
AMP	B	0.42%
TMO	C	0.41%
LII	B	0.4%
TT	B	0.38%
TEAM	F	0.38%
KLAC	D	0.37%
VLTO	C	0.36%
QCOM	D	0.36%
FERG	C	0.35%
AMAT	D	0.35%
EBAY	B	0.33%
TGT	C	0.31%
MSCI	C	0.3%
PANW	D	0.3%
DOCU	C	0.28%
PM	C	0.27%
COF	C	0.27%
HPQ	D	0.26%
HPE	D	0.26%
SPGI	B	0.26%
PHM	B	0.24%
STLD	D	0.24%
LRCX	F	0.23%
ALLY	F	0.23%
ADBE	D	0.21%
LYB	F	0.21%
AXP	B	0.21%
DVA	B	0.21%
ABNB	D	0.21%
NVR	B	0.21%
GWW	B	0.21%
FNF	A	0.21%
PSA	B	0.21%
TSLA	C	0.2%
DFS	C	0.19%
FOXA	B	0.19%
AFL	B	0.19%
SBUX	C	0.19%
ETSY	F	0.18%
MAS	B	0.18%
BAC	D	0.18%
STT	A	0.17%
EMR	D	0.15%
VST	C	0.15%
NUE	F	0.15%
COP	D	0.15%
GEHC	C	0.13%
WFC	D	0.13%
MRO	D	0.13%
NKE	D	0.12%
GS	D	0.11%
IPG	C	0.11%
PFG	B	0.1%
DOW	D	0.1%
A	C	0.1%
URI	B	0.1%
BLK	A	0.1%
UNP	B	0.1%
DT	C	0.1%
ZS	F	0.09%
BK	A	0.09%
SPG	B	0.08%
PCOR	F	0.08%
IDXX	C	0.08%
PATH	D	0.08%
RF	B	0.07%
GM	B	0.07%
NWS	D	0.07%
EL	F	0.07%
DE	B	0.07%
MRNA	F	0.06%
CF	B	0.06%
NDAQ	B	0.06%
LULU	D	0.06%
SIRI	C	0.06%
FWONA	C	0.05%
CHTR	D	0.05%
CPNG	B	0.05%
REG	C	0.04%
PAYX	C	0.04%
NI	B	0.04%
CAT	C	0.04%
AMD	F	0.04%
MTCH	C	0.04%
TSCO	C	0.04%
DOX	C	0.04%
QRVO	F	0.04%
PH	B	0.04%
MOS	F	0.03%
BIIB	F	0.03%
MCO	A	0.03%
WIT	C	0.03%
SPOT	B	0.02%
DHR	B	0.02%
OMC	A	0.02%
GL	C	0.02%
F	D	0.02%
VICI	C	0.02%
PCAR	D	0.01%
VEEV	C	0.01%
CSX	D	0.01%
PLD	C	0.01%
OKTA	F	0.01%
ETN	C	0.01%
WY	C	0.01%
NOK	C	0.0%

GLOF Underweight 96 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	C	-1.7%
PGR	A	-1.68%
DUK	C	-1.55%
WCN	D	-1.55%
NOC	B	-1.52%
RSG	D	-1.52%
CB	B	-1.5%
SO	B	-1.37%
WM	D	-1.37%
ROP	C	-1.31%
APH	D	-1.29%
AJG	C	-1.29%
ED	C	-1.22%
MMC	C	-1.16%
REGN	C	-0.92%
LMT	C	-0.88%
CBOE	C	-0.87%
K	A	-0.81%
GDDY	C	-0.81%
ACGL	B	-0.8%
CTSH	C	-0.77%
GIS	B	-0.77%
WEC	B	-0.75%
FCNCA	D	-0.73%
KDP	A	-0.71%
TSN	C	-0.69%
COR	D	-0.66%
BDX	F	-0.59%
NEM	B	-0.58%
FI	A	-0.57%
FANG	D	-0.53%
ERIE	A	-0.52%
TDY	C	-0.52%
CME	C	-0.51%
FFIV	A	-0.49%
AON	B	-0.49%
JNPR	A	-0.49%
INCY	C	-0.48%
CL	C	-0.47%
PTC	D	-0.47%
AKAM	D	-0.45%
KHC	C	-0.44%
BAH	B	-0.44%
WDAY	D	-0.42%
AEP	B	-0.42%
XEL	A	-0.42%
VRSK	D	-0.4%
CPB	B	-0.39%
CTVA	B	-0.37%
ROL	C	-0.37%
CHD	C	-0.37%
WTW	B	-0.36%
CMCSA	D	-0.36%
AFG	B	-0.34%
NBIX	F	-0.33%
MKL	C	-0.32%
GEN	A	-0.32%
WRB	C	-0.3%
BMRN	F	-0.3%
ICE	B	-0.29%
FWONK	D	-0.29%
AIZ	B	-0.28%
GLW	B	-0.28%
L	B	-0.27%
GRMN	D	-0.27%
ALNY	B	-0.25%
ADI	D	-0.25%
D	C	-0.23%
CI	C	-0.23%
WMB	B	-0.23%
HON	D	-0.22%
HRL	C	-0.22%
AEE	B	-0.22%
KMB	D	-0.22%
AZPN	A	-0.21%
CMS	A	-0.2%
PKG	B	-0.18%
TW	A	-0.17%
DPZ	F	-0.17%
EOG	D	-0.15%
OXY	F	-0.13%
UTHR	C	-0.13%
HIG	A	-0.12%
LNT	A	-0.1%
DGX	B	-0.1%
RTX	C	-0.09%
ADP	B	-0.08%
TEL	D	-0.07%
FSLR	C	-0.07%
PSX	D	-0.06%
GD	B	-0.06%
KNX	C	-0.06%
OTIS	D	-0.06%
BR	D	-0.05%
ATO	B	-0.05%
CRM	D	-0.04%