OPTZ vs. ACWV ETF Comparison

Comparison of Optimize Strategy Index ETF (OPTZ) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

OPTZ

Optimize Strategy Index ETF

OPTZ Description

OPTZ seeks to track a broad market index consisting of US-listed equities that meet certain market-cap threshold and liquidity requirements. To be included in the fund, eligible large-cap and small-cap companies are evaluated and ranked within their own sector. Large cap companies are ranked based on the ratio of current EPS over the trailing 10-year average EPS, the current P/E ratio, and the 2-year forward EPS growth estimate. Small-cap companies are ranked solely on their P/S ratio. Within these two groups, the top 20% are selected from each sector. The index weights the sectors using the sum of the market capitalization of all constituents in each sector and within each sector each constituent is equally weighted. Reconstitution and rebalancing are done semi-annually.

Grade (RS Rating)

Last Trade

$31.04

Average Daily Volume

7,221

Number of Holdings ^*

321

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. 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. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$113.95

Average Daily Volume

117,990

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

Performance

Period	OPTZ	ACWV
30 Days	8.47%	0.32%
60 Days	9.68%	-0.25%
90 Days	11.36%	1.23%
12 Months		18.77%

44 Overlapping Holdings

Symbol	Grade	Weight in OPTZ	Weight in ACWV	Overlap
ACGL	D	0.19%	0.57%	0.19%
AIZ	A	0.23%	0.13%	0.13%
ANET	C	1.24%	0.06%	0.06%
BAH	F	1.02%	0.37%	0.37%
BRO	B	0.21%	0.3%	0.21%
CAH	B	0.14%	0.18%	0.14%
CB	C	0.19%	0.88%	0.19%
CBOE	B	0.19%	0.54%	0.19%
CHD	B	0.3%	0.46%	0.3%
CL	D	0.25%	0.35%	0.25%
CME	A	0.2%	0.23%	0.2%
COR	B	0.14%	1.05%	0.14%
DGX	A	0.14%	0.15%	0.14%
DPZ	C	0.34%	0.19%	0.19%
DUK	C	0.05%	0.81%	0.05%
EA	A	0.66%	0.63%	0.63%
FFIV	B	1.25%	0.36%	0.36%
FI	A	0.25%	0.48%	0.25%
GDDY	A	1.27%	0.64%	0.64%
GPC	D	0.29%	0.05%	0.05%
IBM	C	1.02%	0.73%	0.73%
INCY	C	0.16%	0.38%	0.16%
MCD	D	0.32%	1.02%	0.32%
MOH	F	0.12%	0.12%	0.12%
MSI	B	1.18%	1.88%	1.18%
NBIX	C	0.13%	0.31%	0.13%
ORLY	B	0.34%	0.62%	0.34%
PEP	F	0.26%	1.08%	0.26%
PGR	A	0.21%	0.84%	0.21%
ROP	B	1.0%	1.36%	1.0%
RSG	A	0.12%	1.19%	0.12%
SO	D	0.05%	0.8%	0.05%
T	A	0.64%	0.26%	0.26%
TMUS	B	0.72%	2.03%	0.72%
TRGP	B	0.07%	0.08%	0.07%
TRV	B	0.22%	0.32%	0.22%
ULTA	F	0.3%	0.16%	0.16%
UNH	C	0.13%	0.83%	0.13%
UTHR	C	0.14%	0.4%	0.14%
V	A	0.22%	0.59%	0.22%
VRSN	F	1.03%	0.35%	0.35%
VRTX	F	0.13%	1.13%	0.13%
WDAY	B	0.13%	0.1%	0.1%
WTW	B	0.22%	0.1%	0.1%

OPTZ Overweight 277 Positions Relative to ACWV

Symbol	Grade	Weight
APP	B	2.03%
NVDA	C	1.44%
CRWD	B	1.37%
CRM	B	1.37%
TTMI	B	1.36%
INTC	D	1.31%
DELL	C	1.29%
NOW	A	1.27%
QLYS	C	1.22%
CDNS	B	1.21%
BHE	B	1.2%
ITRI	B	1.19%
SNPS	B	1.16%
WIX	B	1.15%
INFN	C	1.11%
AAPL	C	1.06%
VZIO	A	1.04%
AMD	F	1.03%
AMAT	F	1.0%
FSLR	F	0.96%
DJT	C	0.93%
LUMN	C	0.83%
CRUS	D	0.8%
IDCC	A	0.78%
ACLS	F	0.78%
DIS	B	0.77%
NFLX	A	0.73%
RNG	B	0.72%
ZM	B	0.71%
META	D	0.65%
CMCSA	B	0.64%
EAT	A	0.55%
CVNA	B	0.55%
AMC	C	0.54%
NPAB	B	0.52%
TSLA	B	0.49%
WWW	B	0.48%
NCLH	B	0.48%
RCL	A	0.47%
COIN	C	0.42%
HBI	B	0.42%
WOOF	D	0.42%
UNFI	A	0.41%
RL	B	0.39%
LULU	C	0.39%
SIG	B	0.39%
MAR	B	0.39%
DECK	A	0.39%
AMZN	C	0.38%
LVS	C	0.38%
WHR	B	0.37%
GRMN	B	0.37%
ANF	C	0.36%
SBH	C	0.36%
WYNN	D	0.36%
BZH	B	0.35%
LOW	D	0.35%
PCT	C	0.34%
FIVE	F	0.34%
PVH	C	0.34%
ALV	C	0.33%
BURL	A	0.33%
TAP	C	0.32%
CHDN	B	0.32%
APO	B	0.31%
YETI	C	0.31%
ENR	B	0.31%
ETSY	D	0.3%
ROST	C	0.29%
DKS	C	0.29%
COST	B	0.29%
LC	A	0.28%
LEA	D	0.28%
TGT	F	0.28%
LNW	D	0.28%
DOLE	D	0.27%
SQ	B	0.27%
MELI	D	0.27%
WBA	F	0.27%
STZ	D	0.27%
ODP	F	0.27%
AX	A	0.26%
DAN	D	0.26%
CVS	D	0.26%
APTV	D	0.25%
GS	A	0.25%
KKR	A	0.25%
AMP	A	0.25%
CAL	D	0.25%
BG	F	0.25%
TROW	B	0.24%
ARES	A	0.24%
AXP	A	0.24%
CROX	D	0.24%
BLK	C	0.24%
BHF	B	0.24%
CINF	A	0.23%
AGO	B	0.23%
PRU	A	0.23%
EWTX	C	0.23%
CPAY	A	0.23%
PRG	C	0.22%
SIGI	C	0.22%
GPN	B	0.22%
COOP	B	0.22%
LBPH	A	0.22%
BR	A	0.22%
NATL	B	0.21%
GL	B	0.21%
AXON	A	0.21%
VRT	B	0.21%
AER	B	0.21%
BFH	B	0.21%
MSCI	C	0.21%
ALL	A	0.21%
LDI	C	0.2%
ICE	C	0.2%
STRL	B	0.2%
MKTX	D	0.2%
SPGI	C	0.2%
HIG	B	0.2%
CRS	A	0.2%
MCO	B	0.2%
GATO	D	0.2%
RNR	C	0.2%
ZIM	C	0.2%
NAVI	C	0.19%
DAL	C	0.19%
PMT	D	0.19%
FIX	A	0.18%
APD	A	0.18%
VMC	B	0.18%
EME	C	0.18%
GTLS	B	0.18%
PAYC	B	0.18%
XPO	B	0.18%
LPX	B	0.18%
EXP	A	0.18%
SKYW	B	0.18%
HQY	B	0.17%
JBLU	F	0.17%
AVNT	B	0.17%
MLM	B	0.17%
HASI	D	0.17%
PEN	B	0.16%
EMN	D	0.16%
SHW	A	0.16%
DOCU	A	0.16%
PCTY	B	0.16%
PWR	A	0.16%
AIT	A	0.16%
ACHR	B	0.16%
VERA	B	0.16%
GNRC	B	0.16%
HON	B	0.15%
ECL	D	0.15%
HUBB	B	0.15%
ESTC	C	0.15%
GFF	A	0.15%
ISRG	A	0.15%
TT	A	0.15%
ETN	A	0.15%
PCAR	B	0.15%
PEGA	A	0.15%
WAB	B	0.15%
JAZZ	B	0.15%
PH	A	0.15%
URI	B	0.15%
TPC	C	0.15%
SAIA	B	0.15%
PODD	C	0.15%
CLOV	D	0.15%
PNR	A	0.15%
PHIN	A	0.14%
THC	D	0.14%
STGW	B	0.14%
ZBH	C	0.14%
MRC	B	0.14%
WST	C	0.14%
LECO	B	0.14%
LIVN	F	0.14%
AKRO	B	0.14%
REVG	B	0.14%
LIN	D	0.14%
DVA	B	0.14%
SYK	C	0.14%
CAT	B	0.14%
BV	B	0.13%
VRSK	A	0.13%
ALGN	D	0.13%
FDX	B	0.13%
SAVA	D	0.13%
OSK	B	0.13%
PBI	B	0.13%
WWD	B	0.13%
ASH	D	0.13%
MANH	D	0.13%
AHCO	F	0.12%
SHC	F	0.12%
AOS	F	0.12%
KRYS	B	0.12%
RPRX	D	0.12%
XYL	D	0.12%
STE	F	0.12%
ETNB	C	0.12%
DAWN	F	0.12%
IQV	D	0.11%
EFX	F	0.11%
COGT	D	0.11%
SRPT	D	0.11%
BAX	D	0.11%
DLR	B	0.11%
SNDX	F	0.11%
KURA	F	0.11%
VNO	B	0.11%
BA	F	0.11%
ADBE	C	0.11%
TMO	F	0.11%
UHS	D	0.11%
IDXX	F	0.11%
DYN	F	0.11%
UNIT	B	0.1%
EQIX	A	0.1%
RHP	B	0.1%
CGEM	F	0.1%
WELL	A	0.1%
SPG	B	0.1%
LNTH	D	0.1%
EXPI	C	0.1%
CBRE	B	0.1%
OMI	F	0.1%
HII	D	0.09%
CPT	B	0.09%
PEB	D	0.09%
NEXT	B	0.09%
ELS	C	0.09%
PK	B	0.09%
CE	F	0.09%
LAMR	D	0.09%
WY	D	0.09%
SBRA	C	0.09%
OGN	D	0.09%
NMRK	B	0.09%
REXR	F	0.08%
NVRI	F	0.08%
RDFN	D	0.08%
SBAC	D	0.08%
EGP	F	0.08%
TDW	F	0.08%
ICLR	D	0.08%
PRIM	A	0.08%
CEG	D	0.07%
KNTK	B	0.07%
BKR	B	0.07%
WMB	A	0.07%
BKD	D	0.07%
AMT	D	0.07%
DTM	B	0.07%
ATO	A	0.06%
WKC	D	0.06%
ETR	B	0.06%
SLB	C	0.06%
OII	B	0.06%
WHD	B	0.06%
FTI	A	0.06%
SANA	F	0.06%
NRG	B	0.06%
EIX	B	0.05%
VAL	D	0.05%
DTE	C	0.05%
APA	D	0.05%
WFRD	D	0.05%
DK	C	0.05%
SWX	B	0.05%
AES	F	0.04%
NFE	D	0.04%
HE	C	0.04%

OPTZ Underweight 95 Positions Relative to ACWV

Symbol	Grade	Weight
WMT	A	-1.82%
CSCO	B	-1.57%
WM	A	-1.5%
MCK	B	-1.42%
MRK	F	-1.06%
JNJ	D	-1.05%
BRK.A	B	-0.91%
MMC	B	-0.88%
ED	D	-0.84%
KR	B	-0.83%
PG	A	-0.82%
NOC	D	-0.77%
AZO	C	-0.77%
VZ	C	-0.76%
MSFT	F	-0.76%
WEC	A	-0.68%
REGN	F	-0.61%
GIS	D	-0.61%
K	A	-0.57%
APH	A	-0.54%
ORCL	B	-0.54%
LLY	F	-0.52%
ABBV	D	-0.49%
GILD	C	-0.48%
HSY	F	-0.44%
MKL	A	-0.43%
ELV	F	-0.42%
WRB	A	-0.41%
KEYS	A	-0.41%
L	A	-0.4%
WCN	A	-0.39%
CHT	D	-0.37%
TJX	A	-0.37%
KDP	D	-0.36%
AON	A	-0.35%
AMGN	D	-0.34%
KHC	F	-0.33%
AJG	B	-0.33%
TSN	B	-0.32%
JNPR	F	-0.32%
HUM	C	-0.31%
GEN	B	-0.3%
KMB	D	-0.3%
AKAM	D	-0.27%
SJM	D	-0.27%
ACN	C	-0.26%
ERIE	D	-0.26%
MDLZ	F	-0.25%
BMY	B	-0.25%
CF	B	-0.25%
CI	F	-0.24%
YUM	B	-0.24%
FCNCA	A	-0.23%
LMT	D	-0.23%
HRL	D	-0.23%
FWONK	B	-0.22%
PTC	A	-0.22%
BDX	F	-0.22%
CPB	D	-0.22%
CTSH	B	-0.21%
ROL	B	-0.21%
MFG	B	-0.21%
JKHY	D	-0.2%
MA	C	-0.19%
BMRN	D	-0.19%
GD	F	-0.18%
LNG	B	-0.16%
CMS	C	-0.16%
MPC	D	-0.15%
WIT	A	-0.12%
CTVA	C	-0.12%
FICO	B	-0.12%
MNST	C	-0.12%
AZPN	A	-0.11%
TDY	B	-0.11%
AEE	A	-0.11%
XEL	A	-0.11%
EG	C	-0.1%
XOM	B	-0.1%
PCG	A	-0.1%
ABT	B	-0.1%
TPL	A	-0.1%
NEM	D	-0.09%
AEP	D	-0.07%
IT	C	-0.07%
KNX	B	-0.06%
DINO	D	-0.06%
FANG	D	-0.06%
CHRW	C	-0.06%
CAG	D	-0.05%
HOLX	D	-0.05%
ACI	C	-0.05%
KO	D	-0.05%
HSIC	B	-0.05%
HKD	F	-0.0%