IWLG vs. VFMV ETF Comparison

Comparison of IQ MacKay Municipal Insured ETF (IWLG) to Vanguard U.S. Minimum Volatility ETF (VFMV)

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

$45.30

Average Daily Volume

9,879

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$114.88

Average Daily Volume

3,067

Number of Holdings ^*

157

* may have additional holdings in another (foreign) market

Performance

Period	IWLG	VFMV
30 Days	5.12%	2.31%
60 Days	10.16%	3.12%
90 Days	10.21%	7.01%
12 Months	43.28%	17.22%

11 Overlapping Holdings

Symbol	Grade	Weight in IWLG	Weight in VFMV	Overlap
AAPL	B	6.92%	1.06%	1.06%
AVGO	B	3.15%	1.1%	1.1%
GOOG	C	3.0%	0.7%	0.7%
GOOGL	C	4.66%	0.72%	0.72%
LLY	B	1.95%	1.52%	1.52%
LRCX	C	1.78%	0.08%	0.08%
META	C	3.96%	0.32%	0.32%
MSFT	C	12.71%	0.71%	0.71%
ORLY	C	1.49%	1.55%	1.49%
UNH	D	0.98%	1.02%	0.98%
V	F	1.57%	0.08%	0.08%

IWLG Overweight 30 Positions Relative to VFMV

Symbol	Grade	Weight
NVDA	C	9.31%
AMZN	C	8.42%
ISRG	B	2.7%
ADBE	C	2.36%
INTU	C	2.08%
KKR	B	1.88%
TT	A	1.74%
CRM	F	1.72%
BKNG	C	1.64%
EW	B	1.61%
NFLX	C	1.53%
SPOT	D	1.47%
MA	D	1.43%
CMG	D	1.41%
NOW	C	1.4%
UBER	C	1.39%
ASML	B	1.34%
SNPS	B	1.32%
IDXX	D	1.31%
FICO	A	1.28%
BSX	B	1.23%
GE	D	1.06%
VRT	D	1.05%
PH	C	1.0%
COST	C	0.99%
AME	C	0.99%
ABT	D	0.97%
HLT	B	0.95%
WDAY	F	0.93%
AMD	C	0.59%

IWLG Underweight 146 Positions Relative to VFMV

Symbol	Grade	Weight
KEX	B	-1.64%
CVLT	B	-1.61%
ABBV	B	-1.61%
TXN	B	-1.59%
FCN	C	-1.59%
RSG	A	-1.57%
MCK	C	-1.55%
NTAP	B	-1.54%
IBM	C	-1.54%
TJX	A	-1.51%
IDT	D	-1.51%
ROP	C	-1.5%
CME	D	-1.45%
MRK	C	-1.45%
TMUS	B	-1.45%
JNJ	D	-1.44%
LRN	D	-1.41%
MCS	D	-1.38%
EA	B	-1.37%
CBOE	F	-1.36%
NOC	F	-1.36%
CHD	D	-1.35%
MCD	D	-1.33%
VZ	B	-1.32%
PG	D	-1.31%
LMT	D	-1.31%
WM	B	-1.28%
WMT	B	-1.27%
MUSA	B	-1.25%
CSCO	D	-1.18%
DOX	D	-1.16%
IDCC	B	-1.12%
SAFT	C	-1.09%
VECO	C	-1.09%
GIS	D	-1.06%
XOM	D	-1.04%
WTM	D	-1.04%
OSIS	B	-0.99%
DLB	D	-0.99%
EQC	D	-0.98%
MGEE	C	-0.98%
CHE	F	-0.96%
CL	B	-0.95%
GILD	C	-0.93%
HSTM	B	-0.91%
BMY	F	-0.89%
ADI	B	-0.89%
GPOR	D	-0.88%
BLKB	D	-0.84%
LAUR	D	-0.84%
CAH	F	-0.83%
CVX	D	-0.76%
NSIT	C	-0.76%
INST	C	-0.74%
CRUS	B	-0.66%
NABL	B	-0.65%
THFF	C	-0.65%
YELP	F	-0.65%
PGR	B	-0.64%
REGN	B	-0.62%
AMGN	B	-0.61%
WMB	B	-0.59%
NEU	D	-0.59%
CASS	D	-0.58%
AMSF	D	-0.58%
DUK	B	-0.55%
PBH	B	-0.54%
ED	D	-0.5%
FLO	F	-0.49%
PSN	C	-0.47%
HSY	D	-0.47%
TRV	D	-0.47%
MATX	C	-0.45%
AZO	C	-0.44%
LOPE	C	-0.41%
MO	A	-0.4%
AJG	A	-0.4%
MDLZ	F	-0.4%
WEC	D	-0.39%
K	D	-0.38%
RLI	D	-0.37%
JBSS	D	-0.37%
NVEC	C	-0.37%
OLLI	A	-0.34%
LDOS	B	-0.32%
WSBF	B	-0.31%
OSG	A	-0.3%
BRK.A	C	-0.29%
CLBK	D	-0.28%
HRL	F	-0.28%
SPOK	C	-0.27%
ROL	C	-0.26%
ACN	D	-0.25%
KMB	A	-0.24%
EXEL	B	-0.24%
NWE	C	-0.22%
EBF	A	-0.22%
MLR	D	-0.21%
KMI	A	-0.21%
IMMR	B	-0.21%
JJSF	C	-0.2%
UVV	D	-0.19%
ESGR	B	-0.18%
DECK	D	-0.18%
SHEN	D	-0.17%
DGICA	D	-0.17%
ODC	F	-0.16%
SPNS	A	-0.16%
PSX	D	-0.16%
HMN	D	-0.12%
SR	B	-0.11%
HURN	C	-0.11%
AMAT	C	-0.11%
GHC	C	-0.1%
KO	B	-0.1%
QNST	D	-0.09%
DJCO	A	-0.09%
INCY	B	-0.08%
CNXN	D	-0.08%
LANC	D	-0.07%
GSBC	B	-0.07%
GD	D	-0.06%
CPK	C	-0.06%
REYN	F	-0.06%
PEP	D	-0.06%
NWN	C	-0.06%
NHC	B	-0.06%
MSGS	C	-0.05%
AKAM	D	-0.05%
ATR	D	-0.05%
GLRE	C	-0.05%
MU	C	-0.04%
VRTX	A	-0.04%
DTE	C	-0.04%
EIG	B	-0.04%
NTCT	F	-0.04%
BLFY	C	-0.04%
TRUE	C	-0.04%
NBIX	B	-0.04%
AGYS	B	-0.03%
MSI	B	-0.03%
CARS	C	-0.03%
CMS	D	-0.03%
ATGE	A	-0.03%
CHCO	B	-0.02%
TBPH	D	-0.02%