LVOL vs. USMV ETF Comparison

Comparison of American Century Low Volatility ETF (LVOL) to iShares MSCI USA Minimum Volatility ETF (USMV)

LVOL

American Century Low Volatility ETF

LVOL Description

The investment seeks capital appreciation. The fund generally invests in common stocks of U.S. companies that have a market capitalization greater than $2 billion. It seeks to deliver a lower realized portfolio volatility than its benchmark, the S&P 500® Index, by utilizing a stock selection process that expands on traditional measures of price volatility by including measures of asymmetric volatility and seeking securities of businesses that demonstrate consistent cash-flows, stable operations, and strong balance sheets. The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.

Grade (RS Rating)

Last Trade

$56.03

Average Daily Volume

251

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	LVOL	USMV
30 Days	2.27%	1.70%
60 Days	3.47%	2.42%
90 Days	5.50%	4.02%
12 Months	22.98%	25.63%

56 Overlapping Holdings

Symbol	Grade	Weight in LVOL	Weight in USMV	Overlap
AAPL	C	7.05%	0.99%	0.99%
ABBV	D	0.25%	1.04%	0.25%
ABT	B	1.33%	0.09%	0.09%
ACN	C	2.47%	1.29%	1.29%
ADP	B	0.31%	0.09%	0.09%
AMGN	D	0.14%	0.59%	0.14%
AMZN	C	2.9%	0.14%	0.14%
APH	A	1.93%	1.44%	1.44%
BMY	B	0.27%	0.49%	0.27%
BR	A	0.3%	0.05%	0.05%
BRK.A	B	2.48%	1.55%	1.55%
CB	C	0.65%	1.47%	0.65%
CL	D	0.84%	0.41%	0.41%
CMCSA	B	0.41%	0.39%	0.39%
CRM	B	0.52%	0.05%	0.05%
CSCO	B	2.61%	1.47%	1.47%
CTSH	B	1.49%	0.76%	0.76%
EA	A	0.75%	0.89%	0.75%
FFIV	B	0.16%	0.55%	0.16%
FI	A	0.99%	0.69%	0.69%
GD	F	0.9%	0.05%	0.05%
GOOG	C	0.74%	0.16%	0.16%
HD	A	2.43%	0.3%	0.3%
HIG	B	0.64%	0.12%	0.12%
HOLX	D	0.2%	0.16%	0.16%
HON	B	1.32%	0.25%	0.25%
IBM	C	0.4%	1.66%	0.4%
IT	C	0.46%	0.35%	0.35%
JNJ	D	2.1%	1.18%	1.18%
KMB	D	0.5%	0.21%	0.21%
KO	D	0.19%	0.1%	0.1%
LIN	D	2.43%	0.16%	0.16%
MA	C	2.64%	0.7%	0.7%
MCD	D	0.53%	1.25%	0.53%
MDLZ	F	0.18%	0.44%	0.18%
MDT	D	1.67%	0.13%	0.13%
MMC	B	1.82%	1.11%	1.11%
MRK	F	1.45%	1.01%	1.01%
MSFT	F	7.69%	1.34%	1.34%
MSI	B	0.88%	1.81%	0.88%
NOW	A	0.35%	0.75%	0.35%
NTAP	C	0.37%	0.22%	0.22%
OTIS	C	0.38%	0.07%	0.07%
PEP	F	1.03%	1.01%	1.01%
PG	A	2.59%	1.23%	1.23%
PKG	A	0.24%	0.2%	0.2%
PTC	A	1.26%	0.52%	0.52%
ROP	B	0.76%	1.3%	0.76%
RSG	A	1.01%	1.55%	1.01%
TDY	B	0.67%	0.57%	0.57%
V	A	3.17%	0.9%	0.9%
VRSK	A	0.46%	0.42%	0.42%
VRSN	F	0.18%	0.64%	0.18%
WM	A	0.85%	1.44%	0.85%
WMT	A	0.83%	1.78%	0.83%
YUM	B	0.43%	0.5%	0.43%

LVOL Overweight 42 Positions Relative to USMV

Symbol	Grade	Weight
GOOGL	C	2.35%
CTAS	B	1.79%
COST	B	1.75%
SPGI	C	1.54%
INTU	C	1.53%
PAYX	C	1.32%
DOX	D	1.23%
BSX	B	1.08%
SHW	A	1.0%
ECL	D	0.92%
MCO	B	0.85%
ITW	B	0.8%
DOV	A	0.79%
ADSK	A	0.77%
AMP	A	0.71%
LOW	D	0.69%
BLK	C	0.63%
SYK	C	0.57%
PSA	D	0.56%
NDSN	B	0.55%
FAST	B	0.54%
GWW	B	0.54%
SNA	A	0.4%
PH	A	0.36%
IEX	B	0.33%
AVB	B	0.24%
CMI	A	0.24%
ZBH	C	0.22%
BKNG	A	0.2%
MAS	D	0.19%
AVY	D	0.18%
FDS	B	0.18%
MNST	C	0.18%
MSCI	C	0.17%
TROW	B	0.16%
HLT	A	0.15%
JKHY	D	0.14%
CW	B	0.12%
GGG	B	0.08%
LSTR	D	0.08%
DCI	B	0.08%
CHE	D	0.07%

LVOL Underweight 114 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	B	-1.95%
PGR	A	-1.67%
WCN	A	-1.56%
DUK	C	-1.49%
NOC	D	-1.43%
TXN	C	-1.39%
VZ	C	-1.35%
SO	D	-1.35%
MCK	B	-1.35%
UNH	C	-1.34%
ORCL	B	-1.31%
AJG	B	-1.27%
LLY	F	-1.25%
AVGO	D	-1.19%
TRV	B	-1.15%
ED	D	-1.13%
GDDY	A	-1.0%
AZO	C	-0.98%
GILD	C	-0.94%
FCNCA	A	-0.88%
CBOE	B	-0.85%
LMT	D	-0.82%
K	A	-0.8%
WEC	A	-0.78%
T	A	-0.74%
TSN	B	-0.71%
VRTX	F	-0.69%
ORLY	B	-0.68%
ACGL	D	-0.68%
COR	B	-0.67%
NVDA	C	-0.67%
GIS	D	-0.66%
KR	B	-0.61%
FICO	B	-0.59%
REGN	F	-0.59%
KDP	D	-0.59%
BDX	F	-0.56%
KEYS	A	-0.55%
FANG	D	-0.55%
MPC	D	-0.54%
INCY	C	-0.53%
AON	A	-0.53%
CME	A	-0.53%
ELV	F	-0.52%
XEL	A	-0.46%
NEM	D	-0.46%
UBER	D	-0.45%
JNPR	F	-0.45%
TJX	A	-0.45%
XOM	B	-0.45%
WDAY	B	-0.43%
EG	C	-0.43%
ERIE	D	-0.42%
CHD	B	-0.4%
HUM	C	-0.4%
BAH	F	-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%
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%
ANET	C	-0.29%
ICE	C	-0.28%
L	A	-0.28%
AEE	A	-0.24%
HUBS	A	-0.24%
ADI	D	-0.23%
D	C	-0.23%
AZPN	A	-0.23%
ALNY	D	-0.22%
BMRN	D	-0.22%
HRL	D	-0.21%
CI	F	-0.21%
TW	A	-0.2%
DTE	C	-0.2%
PFE	D	-0.2%
DPZ	C	-0.19%
CRWD	B	-0.19%
CMS	C	-0.19%
CDNS	B	-0.18%
MELI	D	-0.18%
MOH	F	-0.18%
SNPS	B	-0.18%
EOG	A	-0.17%
STX	D	-0.16%
UTHR	C	-0.14%
DELL	C	-0.12%
OXY	D	-0.12%
DGX	A	-0.11%
LNT	A	-0.1%
RTX	C	-0.09%
TEL	B	-0.07%
ATO	A	-0.06%
PSX	C	-0.06%
FSLR	F	-0.06%
KNX	B	-0.06%
VLO	C	-0.05%
ULTA	F	-0.04%
CVS	D	-0.04%