MTUM vs. USMV ETF Comparison

Comparison of iShares MSCI USA Momentum Factor ETF (MTUM) to iShares MSCI USA Minimum Volatility ETF (USMV)

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

$216.26

Average Daily Volume

851,509

Number of Holdings ^*

124

* 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

$94.57

Average Daily Volume

1,669,986

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	MTUM	USMV
30 Days	5.11%	3.92%
60 Days	7.09%	3.84%
90 Days	11.20%	5.09%
12 Months	44.25%	27.11%

40 Overlapping Holdings

Symbol	Grade	Weight in MTUM	Weight in USMV	Overlap
ACGL	D	0.35%	0.68%	0.35%
AEP	C	0.4%	0.39%	0.39%
AJG	A	0.59%	1.27%	0.59%
ALNY	D	0.3%	0.22%	0.22%
ANET	C	1.17%	0.29%	0.29%
APH	B	0.97%	1.44%	0.97%
AVGO	D	4.72%	1.19%	1.19%
CB	C	0.9%	1.47%	0.9%
CL	D	0.79%	0.41%	0.41%
DELL	C	0.49%	0.12%	0.12%
DGX	B	0.09%	0.11%	0.09%
DUK	C	0.88%	1.49%	0.88%
ERIE	D	0.13%	0.42%	0.13%
FI	A	0.9%	0.69%	0.69%
FICO	A	0.6%	0.59%	0.59%
GDDY	A	0.34%	1.0%	0.34%
GRMN	B	0.42%	0.33%	0.33%
HIG	A	0.46%	0.12%	0.12%
ICE	D	0.72%	0.28%	0.28%
K	A	0.29%	0.8%	0.29%
KDP	D	0.3%	0.59%	0.3%
KO	D	2.71%	0.1%	0.1%
LLY	D	3.82%	1.25%	1.25%
LMT	D	1.37%	0.82%	0.82%
LNT	A	0.05%	0.1%	0.05%
MSI	B	1.0%	1.81%	1.0%
NEM	F	0.79%	0.46%	0.46%
NTAP	B	0.31%	0.22%	0.22%
NVDA	C	5.34%	0.67%	0.67%
PGR	A	1.88%	1.67%	1.67%
PKG	A	0.16%	0.2%	0.16%
RSG	A	0.36%	1.55%	0.36%
RTX	D	2.19%	0.09%	0.09%
SO	C	1.15%	1.35%	1.15%
TJX	A	1.09%	0.45%	0.45%
TXN	D	1.86%	1.39%	1.39%
UTHR	B	0.15%	0.14%	0.14%
VRTX	D	0.95%	0.69%	0.69%
WMB	B	0.63%	0.31%	0.31%
WMT	A	4.93%	1.78%	1.78%

MTUM Overweight 84 Positions Relative to USMV

Symbol	Grade	Weight
JPM	B	5.48%
COST	A	3.63%
GE	C	2.96%
PM	A	2.93%
NEE	D	2.24%
GS	A	2.0%
ISRG	B	1.54%
AXP	A	1.53%
KKR	A	1.3%
BSX	B	1.25%
MMM	C	1.21%
MO	A	1.19%
TT	A	1.13%
CEG	C	1.12%
C	B	1.08%
PLTR	B	1.02%
CTAS	A	0.91%
MSTR	C	0.89%
WELL	A	0.84%
VST	B	0.82%
KLAC	D	0.8%
AFL	A	0.78%
APP	B	0.74%
HWM	B	0.73%
TDG	D	0.7%
MCO	A	0.7%
VRT	B	0.63%
TRGP	B	0.61%
PEG	A	0.5%
BK	A	0.48%
IRM	C	0.48%
PWR	A	0.43%
ALL	A	0.41%
EME	B	0.38%
DFS	B	0.38%
DHI	D	0.37%
CBRE	A	0.34%
TPL	B	0.33%
WAB	A	0.33%
AXON	A	0.32%
VTR	C	0.31%
VLTO	D	0.31%
PHM	D	0.31%
AVB	A	0.29%
RMD	C	0.29%
NDAQ	A	0.28%
LEN	D	0.28%
NRG	B	0.27%
BRO	A	0.27%
EIX	A	0.26%
EBAY	C	0.25%
FITB	B	0.25%
LDOS	D	0.24%
MPWR	F	0.24%
LII	B	0.24%
TYL	A	0.23%
CSL	B	0.23%
NVR	D	0.23%
SW	B	0.22%
SYF	A	0.22%
DOV	A	0.22%
EQR	A	0.17%
IFF	D	0.16%
HEI	B	0.16%
ESS	B	0.15%
IP	B	0.15%
HOOD	B	0.15%
HEI	B	0.12%
MAA	B	0.12%
UHS	D	0.11%
CFG	B	0.11%
DKS	C	0.1%
NI	A	0.09%
FNF	B	0.08%
AMCR	D	0.08%
DOC	C	0.08%
FOXA	C	0.07%
CPT	A	0.07%
FOX	B	0.07%
DVA	A	0.07%
CHRW	C	0.06%
ALLY	B	0.06%
UDR	B	0.05%
EQH	B	0.03%

MTUM Underweight 130 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	A	-1.95%
IBM	C	-1.66%
WCN	A	-1.56%
BRK.A	B	-1.55%
CSCO	A	-1.47%
WM	A	-1.44%
NOC	D	-1.43%
VZ	B	-1.35%
MCK	B	-1.35%
MSFT	C	-1.34%
UNH	B	-1.34%
ORCL	B	-1.31%
ROP	B	-1.3%
ACN	B	-1.29%
MCD	D	-1.25%
PG	A	-1.23%
JNJ	D	-1.18%
TRV	B	-1.15%
ED	C	-1.13%
MMC	A	-1.11%
ABBV	D	-1.04%
MRK	D	-1.01%
PEP	F	-1.01%
AAPL	A	-0.99%
AZO	B	-0.98%
GILD	B	-0.94%
V	A	-0.9%
EA	B	-0.89%
FCNCA	B	-0.88%
CBOE	B	-0.85%
WEC	A	-0.78%
CTSH	A	-0.76%
NOW	A	-0.75%
T	A	-0.74%
TSN	B	-0.71%
MA	A	-0.7%
ORLY	A	-0.68%
COR	A	-0.67%
GIS	D	-0.66%
VRSN	C	-0.64%
KR	A	-0.61%
AMGN	F	-0.59%
REGN	F	-0.59%
TDY	B	-0.57%
BDX	F	-0.56%
KEYS	B	-0.55%
FANG	F	-0.55%
FFIV	A	-0.55%
MPC	D	-0.54%
INCY	B	-0.53%
AON	A	-0.53%
CME	A	-0.53%
PTC	A	-0.52%
ELV	F	-0.52%
YUM	B	-0.5%
BMY	B	-0.49%
XEL	A	-0.46%
UBER	D	-0.45%
JNPR	F	-0.45%
XOM	C	-0.45%
MDLZ	F	-0.44%
WDAY	C	-0.43%
EG	C	-0.43%
VRSK	A	-0.42%
CHD	B	-0.4%
HUM	C	-0.4%
BAH	F	-0.39%
CMCSA	C	-0.39%
AKAM	D	-0.39%
KHC	D	-0.38%
WTW	A	-0.38%
CTVA	A	-0.38%
ROL	A	-0.36%
IT	C	-0.35%
AFG	A	-0.35%
GEN	A	-0.35%
CDW	F	-0.35%
CVX	A	-0.34%
MKL	A	-0.34%
CPB	D	-0.33%
AIZ	A	-0.32%
NBIX	C	-0.32%
WRB	A	-0.31%
GLW	B	-0.31%
FWONK	A	-0.31%
HSY	F	-0.3%
HD	B	-0.3%
L	A	-0.28%
HON	B	-0.25%
AEE	A	-0.24%
HUBS	B	-0.24%
ADI	D	-0.23%
D	C	-0.23%
AZPN	A	-0.23%
BMRN	D	-0.22%
HRL	D	-0.21%
CI	D	-0.21%
KMB	C	-0.21%
TW	A	-0.2%
DTE	C	-0.2%
PFE	D	-0.2%
DPZ	B	-0.19%
CRWD	B	-0.19%
CMS	B	-0.19%
CDNS	B	-0.18%
MELI	C	-0.18%
MOH	D	-0.18%
SNPS	B	-0.18%
EOG	C	-0.17%
HOLX	D	-0.16%
LIN	D	-0.16%
STX	D	-0.16%
GOOG	C	-0.16%
AMZN	B	-0.14%
MDT	D	-0.13%
OXY	F	-0.12%
ADP	A	-0.09%
ABT	B	-0.09%
OTIS	C	-0.07%
TEL	C	-0.07%
ATO	A	-0.06%
PSX	C	-0.06%
FSLR	F	-0.06%
KNX	B	-0.06%
VLO	C	-0.05%
BR	A	-0.05%
CRM	B	-0.05%
GD	F	-0.05%
ULTA	F	-0.04%
CVS	D	-0.04%