MADE vs. QVAL ETF Comparison

Comparison of iShares U.S. Manufacturing ETF (MADE) to ValueShares U.S. Quantitative Value ETF (QVAL)

MADE

iShares U.S. Manufacturing ETF

MADE Description

The underlying index is designed to measure the performance of equity securities of U.S.-domiciled companies that are involved in manufacturing and manufacturing-related industries and that generate a certain amount of revenues in the U.S., among other eligibility criteria, as determined by SPDJI. The fund generally will invest at least 80% of its assets in the component securities of its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.05

Average Daily Volume

5,409

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.59

Average Daily Volume

18,763

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MADE	QVAL
30 Days	3.81%	-0.22%
60 Days	8.92%	4.41%
90 Days	10.71%	5.68%
12 Months		24.16%

2 Overlapping Holdings

	Symbol	Grade	Weight in MADE	Weight in QVAL	Overlap
	ALSN	B	0.83%	2.1%	0.83%
	SNA	A	1.54%	2.03%	1.54%

MADE Overweight 96 Positions Relative to QVAL

Symbol	Grade	Weight
GM	B	4.6%
ETN	B	4.44%
PCAR	B	4.43%
APH	B	4.15%
HON	B	4.11%
CMI	A	3.93%
AME	A	3.63%
DE	D	3.63%
F	C	3.47%
TT	B	3.21%
PH	A	3.1%
RTX	D	2.7%
ROK	B	2.54%
DOV	A	2.25%
CARR	C	2.19%
FTV	C	2.12%
LMT	D	1.99%
HUBB	C	1.96%
JCI	A	1.95%
TDY	B	1.85%
FSLR	F	1.55%
BA	F	1.37%
GD	C	1.32%
COHR	C	1.29%
TDG	D	1.25%
NOC	D	1.21%
SWK	F	1.09%
NVT	C	1.03%
LECO	C	0.98%
GNRC	B	0.93%
RRX	B	0.91%
AYI	A	0.83%
LHX	B	0.8%
HWM	B	0.78%
FN	C	0.75%
AXON	B	0.73%
TTC	F	0.7%
LII	B	0.69%
ENPH	F	0.64%
PNR	A	0.61%
OSK	B	0.59%
RIVN	F	0.59%
MIDD	D	0.59%
IEX	B	0.59%
MKSI	C	0.58%
MSA	D	0.53%
LFUS	D	0.51%
GGG	B	0.51%
VNT	C	0.49%
THO	B	0.48%
LDOS	C	0.45%
FSS	C	0.45%
BC	D	0.44%
ITRI	B	0.44%
BDC	C	0.41%
AEIS	B	0.35%
AAON	B	0.34%
ENS	D	0.33%
HOG	D	0.31%
CR	B	0.31%
ESE	B	0.3%
AOS	F	0.3%
JBT	B	0.29%
CW	C	0.26%
SPXC	B	0.26%
CSWI	B	0.25%
LCII	D	0.25%
TRN	B	0.25%
TXT	D	0.25%
ATKR	C	0.24%
GTLS	B	0.24%
CXT	F	0.23%
BMI	B	0.23%
BE	B	0.22%
GT	C	0.22%
WTS	B	0.21%
HEI	A	0.19%
ZWS	B	0.19%
WWD	B	0.17%
BWXT	B	0.17%
AIN	C	0.17%
KBR	D	0.16%
MWA	B	0.15%
FELE	B	0.15%
SAIC	D	0.14%
LCID	F	0.13%
HII	F	0.13%
NPO	B	0.12%
MOG.A	B	0.11%
FOXF	F	0.11%
PLUG	D	0.1%
ARRY	C	0.08%
SHLS	D	0.07%
KTOS	B	0.07%
SEDG	F	0.06%
SPR	F	0.06%

MADE Underweight 48 Positions Relative to QVAL

Symbol	Grade	Weight
BKR	B	-2.21%
UTHR	B	-2.17%
WFRD	F	-2.14%
FTI	B	-2.11%
JBL	C	-2.11%
TEX	D	-2.1%
CTSH	A	-2.09%
GTES	B	-2.08%
CAT	B	-2.05%
UAL	A	-2.05%
FOXA	A	-2.04%
MO	A	-2.04%
FCX	F	-2.04%
MHK	D	-2.04%
THC	B	-2.03%
SIG	B	-2.03%
TPR	A	-2.03%
HES	B	-2.03%
HRB	D	-2.02%
LRN	B	-2.02%
CMCSA	B	-2.0%
MOH	F	-1.99%
ELV	F	-1.99%
MMM	C	-1.99%
ANF	C	-1.98%
TOL	B	-1.98%
DAL	A	-1.97%
CNH	D	-1.97%
OMC	A	-1.97%
SM	C	-1.96%
TAP	B	-1.96%
TGT	C	-1.95%
HPQ	B	-1.95%
GPK	D	-1.95%
URBN	C	-1.95%
CVS	F	-1.94%
CNC	F	-1.94%
UHS	D	-1.93%
LYB	F	-1.93%
LEN	D	-1.92%
IPG	F	-1.92%
BBY	C	-1.92%
WSM	F	-1.92%
ASO	F	-1.92%
DKS	D	-1.9%
MAT	C	-1.83%
CRI	D	-1.81%
CROX	F	-1.75%