KNG vs. USMV ETF Comparison

Comparison of CBOE Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) to iShares MSCI USA Minimum Volatility ETF (USMV)

KNG

CBOE Vest S&P 500 Dividend Aristocrats Target Income ETF

KNG Description

The investment seeks to track the performance, before fees and expenses, of the Cboe S&P 500® Dividend Aristocrats Target Income Index Monthly Series (the "index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. The index is designed with the primary goal of generating an annualized level of income from stock dividends and option premiums that is approximately 3% over the annual dividend yield of the S&P 500 Index and a secondary goal of generating price returns that are proportional to the price returns of the S&P 500 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.64

Average Daily Volume

306,359

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

$93.44

Average Daily Volume

1,638,518

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	KNG	USMV
30 Days	-0.69%	0.94%
60 Days	0.15%	2.29%
90 Days	1.94%	3.46%
12 Months	16.70%	24.96%

24 Overlapping Holdings

Symbol	Grade	Weight in KNG	Weight in USMV	Overlap
ABBV	F	1.36%	1.04%	1.04%
ABT	B	1.5%	0.09%	0.09%
ADP	A	1.59%	0.09%	0.09%
ATO	A	1.54%	0.06%	0.06%
BDX	F	1.45%	0.56%	0.56%
CB	C	1.49%	1.47%	1.47%
CHD	A	1.6%	0.4%	0.4%
CL	D	1.4%	0.41%	0.41%
CVX	A	1.64%	0.34%	0.34%
ED	C	1.35%	1.13%	1.13%
GD	D	1.48%	0.05%	0.05%
HRL	D	1.49%	0.21%	0.21%
IBM	C	1.46%	1.66%	1.46%
JNJ	C	1.41%	1.18%	1.18%
KMB	C	1.46%	0.21%	0.21%
KO	D	1.41%	0.1%	0.1%
LIN	C	1.45%	0.16%	0.16%
MCD	D	1.51%	1.25%	1.25%
MDT	D	1.44%	0.13%	0.13%
PEP	F	1.46%	1.01%	1.01%
PG	C	1.5%	1.23%	1.23%
ROP	B	1.59%	1.3%	1.3%
WMT	A	1.55%	1.78%	1.55%
XOM	B	1.25%	0.45%	0.45%

KNG Overweight 41 Positions Relative to USMV

Symbol	Grade	Weight
EMR	B	1.81%
GPC	D	1.67%
DOV	A	1.66%
CAH	B	1.65%
CINF	A	1.65%
GWW	B	1.65%
FAST	B	1.65%
TROW	B	1.63%
ALB	B	1.63%
SHW	B	1.63%
PNR	A	1.62%
BEN	C	1.62%
ITW	B	1.61%
CLX	A	1.59%
CHRW	B	1.59%
SPGI	C	1.58%
NUE	C	1.58%
CTAS	B	1.58%
BRO	B	1.58%
NDSN	B	1.57%
TGT	F	1.56%
WST	C	1.56%
KVUE	A	1.56%
EXPD	C	1.54%
ESS	B	1.53%
SYY	D	1.53%
LOW	C	1.52%
CAT	B	1.52%
FRT	B	1.51%
AFL	B	1.49%
APD	A	1.49%
PPG	F	1.48%
ECL	D	1.47%
MKC	C	1.45%
AOS	F	1.44%
SJM	D	1.44%
ADM	D	1.41%
AMCR	C	1.4%
NEE	C	1.38%
O	C	1.35%
SWK	D	1.27%

KNG Underweight 146 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	B	-1.95%
MSI	B	-1.81%
PGR	A	-1.67%
WCN	A	-1.56%
RSG	A	-1.55%
BRK.A	B	-1.55%
DUK	C	-1.49%
CSCO	B	-1.47%
APH	A	-1.44%
WM	B	-1.44%
NOC	D	-1.43%
TXN	C	-1.39%
VZ	C	-1.35%
SO	C	-1.35%
MCK	A	-1.35%
MSFT	D	-1.34%
UNH	B	-1.34%
ORCL	A	-1.31%
ACN	B	-1.29%
AJG	A	-1.27%
LLY	F	-1.25%
AVGO	D	-1.19%
TRV	B	-1.15%
MMC	B	-1.11%
MRK	D	-1.01%
GDDY	A	-1.0%
AAPL	C	-0.99%
AZO	C	-0.98%
GILD	C	-0.94%
V	A	-0.9%
EA	A	-0.89%
FCNCA	A	-0.88%
CBOE	C	-0.85%
LMT	D	-0.82%
K	A	-0.8%
WEC	A	-0.78%
CTSH	B	-0.76%
NOW	A	-0.75%
T	A	-0.74%
TSN	B	-0.71%
MA	B	-0.7%
VRTX	D	-0.69%
FI	A	-0.69%
ORLY	B	-0.68%
ACGL	C	-0.68%
COR	B	-0.67%
NVDA	B	-0.67%
GIS	D	-0.66%
VRSN	C	-0.64%
KR	B	-0.61%
AMGN	F	-0.59%
FICO	B	-0.59%
REGN	F	-0.59%
KDP	F	-0.59%
TDY	B	-0.57%
KEYS	A	-0.55%
FANG	C	-0.55%
FFIV	B	-0.55%
MPC	D	-0.54%
INCY	C	-0.53%
AON	A	-0.53%
CME	B	-0.53%
PTC	B	-0.52%
ELV	F	-0.52%
YUM	D	-0.5%
BMY	B	-0.49%
XEL	A	-0.46%
NEM	D	-0.46%
UBER	F	-0.45%
JNPR	D	-0.45%
TJX	A	-0.45%
MDLZ	F	-0.44%
WDAY	B	-0.43%
EG	C	-0.43%
ERIE	D	-0.42%
VRSK	A	-0.42%
HUM	C	-0.4%
BAH	F	-0.39%
CMCSA	B	-0.39%
AEP	C	-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%
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	A	-0.31%
HSY	F	-0.3%
HD	B	-0.3%
ANET	C	-0.29%
ICE	C	-0.28%
L	A	-0.28%
HON	C	-0.25%
AEE	A	-0.24%
HUBS	A	-0.24%
ADI	D	-0.23%
D	C	-0.23%
AZPN	A	-0.23%
ALNY	D	-0.22%
NTAP	C	-0.22%
BMRN	F	-0.22%
CI	D	-0.21%
TW	A	-0.2%
DTE	C	-0.2%
PKG	A	-0.2%
PFE	F	-0.2%
DPZ	C	-0.19%
CRWD	B	-0.19%
CMS	C	-0.19%
CDNS	B	-0.18%
MELI	C	-0.18%
MOH	F	-0.18%
SNPS	B	-0.18%
EOG	A	-0.17%
HOLX	D	-0.16%
STX	C	-0.16%
GOOG	C	-0.16%
UTHR	C	-0.14%
AMZN	C	-0.14%
DELL	B	-0.12%
HIG	B	-0.12%
OXY	D	-0.12%
DGX	A	-0.11%
LNT	A	-0.1%
RTX	D	-0.09%
OTIS	C	-0.07%
TEL	B	-0.07%
PSX	C	-0.06%
FSLR	F	-0.06%
KNX	C	-0.06%
VLO	C	-0.05%
BR	A	-0.05%
CRM	B	-0.05%
ULTA	F	-0.04%
CVS	D	-0.04%