IWLG vs. USMV ETF Comparison

Comparison of IQ MacKay Municipal Insured ETF (IWLG) to iShares MSCI USA Minimum Volatility ETF (USMV)

IWLG

IQ MacKay Municipal Insured ETF

IWLG Description

IQ MacKay Municipal Insured ETF seek long-term growth of capital by employing a bottom-up investment process while investing in companies that have the potential for above-average future earnings and cash flow growth. IQ MacKay Municipal Insured ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$47.70

Average Daily Volume

10,115

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

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	IWLG	USMV
30 Days	3.60%	1.70%
60 Days	5.25%	2.42%
90 Days	7.23%	4.02%
12 Months	37.83%	25.63%

19 Overlapping Holdings

Symbol	Grade	Weight in IWLG	Weight in USMV	Overlap
AAPL	C	6.63%	0.99%	0.99%
ALNY	D	0.95%	0.22%	0.22%
AMZN	C	8.27%	0.14%	0.14%
AVGO	D	4.01%	1.19%	1.19%
FICO	B	1.73%	0.59%	0.59%
GOOG	C	2.44%	0.16%	0.16%
LLY	F	2.51%	1.25%	1.25%
MA	C	2.33%	0.7%	0.7%
MELI	D	1.49%	0.18%	0.18%
MSFT	F	12.49%	1.34%	1.34%
NOW	A	1.75%	0.75%	0.75%
NVDA	C	7.8%	0.67%	0.67%
ORCL	B	1.22%	1.31%	1.22%
ORLY	B	1.19%	0.68%	0.68%
SNPS	B	1.07%	0.18%	0.18%
TXN	C	0.97%	1.39%	0.97%
UBER	D	1.51%	0.45%	0.45%
WCN	A	1.07%	1.56%	1.07%
WDAY	B	1.76%	0.43%	0.43%

IWLG Overweight 23 Positions Relative to USMV

Symbol	Grade	Weight
META	D	5.28%
SPOT	B	2.49%
GOOGL	C	2.42%
ISRG	A	2.23%
GE	D	2.0%
KKR	A	1.99%
TT	A	1.86%
NFLX	A	1.8%
AMD	F	1.78%
ETN	A	1.62%
INTU	C	1.55%
TSLA	B	1.52%
LRCX	F	1.43%
CMG	B	1.34%
SBUX	A	1.27%
SYK	C	1.19%
SHOP	B	1.11%
ASML	F	1.05%
HLT	A	1.03%
VMC	B	0.97%
BSX	B	0.95%
ADBE	C	0.84%
BKNG	A	0.55%

IWLG Underweight 151 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	B	-1.95%
MSI	B	-1.81%
WMT	A	-1.78%
PGR	A	-1.67%
IBM	C	-1.66%
RSG	A	-1.55%
BRK.A	B	-1.55%
DUK	C	-1.49%
CSCO	B	-1.47%
CB	C	-1.47%
APH	A	-1.44%
WM	A	-1.44%
NOC	D	-1.43%
VZ	C	-1.35%
SO	D	-1.35%
MCK	B	-1.35%
UNH	C	-1.34%
ROP	B	-1.3%
ACN	C	-1.29%
AJG	B	-1.27%
MCD	D	-1.25%
PG	A	-1.23%
JNJ	D	-1.18%
TRV	B	-1.15%
ED	D	-1.13%
MMC	B	-1.11%
ABBV	D	-1.04%
MRK	F	-1.01%
PEP	F	-1.01%
GDDY	A	-1.0%
AZO	C	-0.98%
GILD	C	-0.94%
V	A	-0.9%
EA	A	-0.89%
FCNCA	A	-0.88%
CBOE	B	-0.85%
LMT	D	-0.82%
K	A	-0.8%
WEC	A	-0.78%
CTSH	B	-0.76%
T	A	-0.74%
TSN	B	-0.71%
VRTX	F	-0.69%
FI	A	-0.69%
ACGL	D	-0.68%
COR	B	-0.67%
GIS	D	-0.66%
VRSN	F	-0.64%
KR	B	-0.61%
AMGN	D	-0.59%
REGN	F	-0.59%
KDP	D	-0.59%
TDY	B	-0.57%
BDX	F	-0.56%
KEYS	A	-0.55%
FANG	D	-0.55%
FFIV	B	-0.55%
MPC	D	-0.54%
INCY	C	-0.53%
AON	A	-0.53%
CME	A	-0.53%
PTC	A	-0.52%
ELV	F	-0.52%
YUM	B	-0.5%
BMY	B	-0.49%
XEL	A	-0.46%
NEM	D	-0.46%
JNPR	F	-0.45%
TJX	A	-0.45%
XOM	B	-0.45%
MDLZ	F	-0.44%
EG	C	-0.43%
ERIE	D	-0.42%
VRSK	A	-0.42%
CL	D	-0.41%
CHD	B	-0.4%
HUM	C	-0.4%
BAH	F	-0.39%
CMCSA	B	-0.39%
AEP	D	-0.39%
AKAM	D	-0.39%
KHC	F	-0.38%
WTW	B	-0.38%
CTVA	C	-0.38%
ROL	B	-0.36%
IT	C	-0.35%
AFG	A	-0.35%
GEN	B	-0.35%
CDW	F	-0.35%
CVX	A	-0.34%
MKL	A	-0.34%
GRMN	B	-0.33%
CPB	D	-0.33%
AIZ	A	-0.32%
NBIX	C	-0.32%
WMB	A	-0.31%
WRB	A	-0.31%
GLW	B	-0.31%
FWONK	B	-0.31%
HSY	F	-0.3%
HD	A	-0.3%
ANET	C	-0.29%
ICE	C	-0.28%
L	A	-0.28%
HON	B	-0.25%
AEE	A	-0.24%
HUBS	A	-0.24%
ADI	D	-0.23%
D	C	-0.23%
AZPN	A	-0.23%
NTAP	C	-0.22%
BMRN	D	-0.22%
HRL	D	-0.21%
CI	F	-0.21%
KMB	D	-0.21%
TW	A	-0.2%
DTE	C	-0.2%
PKG	A	-0.2%
PFE	D	-0.2%
DPZ	C	-0.19%
CRWD	B	-0.19%
CMS	C	-0.19%
CDNS	B	-0.18%
MOH	F	-0.18%
EOG	A	-0.17%
HOLX	D	-0.16%
LIN	D	-0.16%
STX	D	-0.16%
UTHR	C	-0.14%
MDT	D	-0.13%
DELL	C	-0.12%
HIG	B	-0.12%
OXY	D	-0.12%
DGX	A	-0.11%
KO	D	-0.1%
LNT	A	-0.1%
RTX	C	-0.09%
ADP	B	-0.09%
ABT	B	-0.09%
OTIS	C	-0.07%
TEL	B	-0.07%
ATO	A	-0.06%
PSX	C	-0.06%
FSLR	F	-0.06%
KNX	B	-0.06%
VLO	C	-0.05%
BR	A	-0.05%
CRM	B	-0.05%
GD	F	-0.05%
ULTA	F	-0.04%
CVS	D	-0.04%