MTUM vs. QLV ETF Comparison

Comparison of iShares MSCI USA Momentum Factor ETF (MTUM) to FlexShares US Quality Low Volatility Index Fund (QLV)

MTUM

iShares MSCI USA Momentum Factor ETF

MTUM Description

The investment seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks exhibiting relatively higher momentum characteristics, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Momentum Index (the "underlying index") consists of stocks exhibiting relatively higher momentum characteristics than the traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks.

Grade (RS Rating)

Last Trade

$213.89

Average Daily Volume

840,198

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	MTUM	QLV
30 Days	3.53%	0.23%
60 Days	6.25%	1.42%
90 Days	8.85%	3.24%
12 Months	43.02%	25.29%

17 Overlapping Holdings

Symbol	Grade	Weight in MTUM	Weight in QLV	Overlap
AEP	D	0.4%	0.54%	0.4%
ALL	A	0.41%	0.63%	0.41%
AVGO	D	4.72%	0.38%	0.38%
CB	C	0.9%	0.71%	0.71%
CHRW	C	0.06%	0.49%	0.06%
DUK	C	0.88%	0.9%	0.88%
JPM	A	5.48%	0.21%	0.21%
K	A	0.29%	0.77%	0.29%
LLY	F	3.82%	2.31%	2.31%
LMT	D	1.37%	1.06%	1.06%
NVDA	C	5.34%	5.54%	5.34%
PKG	A	0.16%	0.63%	0.16%
PM	B	2.93%	0.21%	0.21%
RSG	A	0.36%	0.59%	0.36%
SO	D	1.15%	0.69%	0.69%
TXN	C	1.86%	0.84%	0.84%
TYL	B	0.23%	0.8%	0.23%

MTUM Overweight 107 Positions Relative to QLV

Symbol	Grade	Weight
WMT	A	4.93%
COST	B	3.63%
GE	D	2.96%
KO	D	2.71%
NEE	D	2.24%
RTX	C	2.19%
GS	A	2.0%
PGR	A	1.88%
ISRG	A	1.54%
AXP	A	1.53%
KKR	A	1.3%
BSX	B	1.25%
MMM	D	1.21%
MO	A	1.19%
ANET	C	1.17%
TT	A	1.13%
CEG	D	1.12%
TJX	A	1.09%
C	A	1.08%
PLTR	B	1.02%
MSI	B	1.0%
APH	A	0.97%
VRTX	F	0.95%
CTAS	B	0.91%
FI	A	0.9%
MSTR	C	0.89%
WELL	A	0.84%
VST	B	0.82%
KLAC	D	0.8%
NEM	D	0.79%
CL	D	0.79%
AFL	B	0.78%
APP	B	0.74%
HWM	A	0.73%
ICE	C	0.72%
TDG	D	0.7%
MCO	B	0.7%
VRT	B	0.63%
WMB	A	0.63%
TRGP	B	0.61%
FICO	B	0.6%
AJG	B	0.59%
PEG	A	0.5%
DELL	C	0.49%
BK	A	0.48%
IRM	D	0.48%
HIG	B	0.46%
PWR	A	0.43%
GRMN	B	0.42%
EME	C	0.38%
DFS	B	0.38%
DHI	D	0.37%
ACGL	D	0.35%
CBRE	B	0.34%
GDDY	A	0.34%
TPL	A	0.33%
WAB	B	0.33%
AXON	A	0.32%
VTR	C	0.31%
NTAP	C	0.31%
VLTO	D	0.31%
PHM	D	0.31%
ALNY	D	0.3%
KDP	D	0.3%
AVB	B	0.29%
RMD	C	0.29%
NDAQ	A	0.28%
LEN	D	0.28%
NRG	B	0.27%
BRO	B	0.27%
EIX	B	0.26%
EBAY	D	0.25%
FITB	A	0.25%
LDOS	C	0.24%
MPWR	F	0.24%
LII	A	0.24%
CSL	C	0.23%
NVR	D	0.23%
SW	A	0.22%
SYF	B	0.22%
DOV	A	0.22%
EQR	B	0.17%
IFF	D	0.16%
HEI	B	0.16%
ESS	B	0.15%
IP	B	0.15%
HOOD	B	0.15%
UTHR	C	0.15%
ERIE	D	0.13%
HEI	B	0.12%
MAA	B	0.12%
UHS	D	0.11%
CFG	B	0.11%
DKS	C	0.1%
DGX	A	0.09%
NI	A	0.09%
FNF	B	0.08%
AMCR	D	0.08%
DOC	D	0.08%
FOXA	B	0.07%
CPT	B	0.07%
FOX	A	0.07%
DVA	B	0.07%
ALLY	C	0.06%
UDR	B	0.05%
LNT	A	0.05%
EQH	B	0.03%

MTUM Underweight 97 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	F	-7.68%
AAPL	C	-5.17%
PG	A	-3.25%
AMZN	C	-2.41%
MRK	F	-2.28%
V	A	-2.26%
MCD	D	-1.93%
IBM	C	-1.82%
JNJ	D	-1.71%
VZ	C	-1.64%
T	A	-1.51%
PEP	F	-1.47%
META	D	-1.25%
XOM	B	-1.15%
TMUS	B	-1.13%
GILD	C	-1.07%
ABBV	D	-0.96%
CME	A	-0.94%
ABT	B	-0.93%
ADP	B	-0.92%
QLYS	C	-0.88%
GOOGL	C	-0.88%
WEC	A	-0.86%
ATR	B	-0.86%
AIZ	A	-0.86%
WTW	B	-0.85%
PSA	D	-0.84%
RGLD	C	-0.83%
WDFC	B	-0.8%
ED	D	-0.79%
DOX	D	-0.74%
CHE	D	-0.73%
GIS	D	-0.72%
CHKP	D	-0.72%
AMGN	D	-0.71%
LSTR	D	-0.71%
DLR	B	-0.68%
TRV	B	-0.67%
QGEN	D	-0.67%
WM	A	-0.67%
DTM	B	-0.67%
ZM	B	-0.67%
CALM	A	-0.65%
XEL	A	-0.64%
EQIX	A	-0.64%
AVY	D	-0.63%
GOOG	C	-0.62%
CINF	A	-0.6%
SMMT	D	-0.59%
CTVA	C	-0.59%
NOC	D	-0.59%
BRK.A	B	-0.59%
AEE	A	-0.58%
GD	F	-0.58%
WCN	A	-0.58%
CTRA	B	-0.57%
WRB	A	-0.55%
AZO	C	-0.55%
STNG	F	-0.55%
MKL	A	-0.54%
CMS	C	-0.54%
SCI	B	-0.54%
JKHY	D	-0.53%
ADC	B	-0.53%
PNW	B	-0.53%
SIGI	C	-0.53%
TSCO	D	-0.49%
SON	D	-0.48%
BAH	F	-0.47%
FLO	D	-0.47%
TTEK	F	-0.46%
REGN	F	-0.45%
HSY	F	-0.45%
NBIX	C	-0.43%
HRL	D	-0.4%
VRSK	A	-0.39%
NFG	A	-0.38%
HII	D	-0.36%
BMRN	D	-0.35%
MCK	B	-0.35%
SLGN	A	-0.34%
DDS	B	-0.29%
BMI	B	-0.27%
CRUS	D	-0.26%
EA	A	-0.23%
COR	B	-0.2%
LIN	D	-0.19%
ALKS	B	-0.19%
ADI	D	-0.15%
NCNO	B	-0.13%
CAG	D	-0.13%
ROP	B	-0.13%
L	A	-0.11%
CWAN	B	-0.09%
UNH	C	-0.07%
MMC	B	-0.05%
EXPD	D	-0.03%