QUAL vs. USMV ETF Comparison

Comparison of iShares MSCI USA Quality Factor ETF (QUAL) to iShares MSCI USA Minimum Volatility ETF (USMV)

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It 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 fund is non-diversified.

Grade (RS Rating)

Last Trade

$180.40

Average Daily Volume

889,916

Number of Holdings ^*

123

* 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

$91.37

Average Daily Volume

1,672,443

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	QUAL	USMV
30 Days	-1.11%	-1.62%
60 Days	1.43%	0.54%
90 Days	2.15%	2.02%
12 Months	29.33%	24.03%

41 Overlapping Holdings

Symbol	Grade	Weight in QUAL	Weight in USMV	Overlap
AAPL	C	5.44%	0.96%	0.96%
ACGL	D	0.26%	0.71%	0.26%
ACN	C	1.67%	1.26%	1.26%
ADP	B	1.75%	0.09%	0.09%
AFG	A	0.06%	0.34%	0.06%
ANET	C	0.73%	0.3%	0.3%
APH	B	0.5%	1.46%	0.5%
ATO	A	0.4%	0.05%	0.05%
CBOE	C	0.14%	0.8%	0.14%
CDNS	B	0.58%	0.17%	0.17%
CME	A	0.52%	0.51%	0.51%
CSCO	B	1.74%	1.46%	1.46%
EA	A	0.2%	0.83%	0.2%
ED	C	0.5%	1.12%	0.5%
ERIE	F	0.09%	0.42%	0.09%
GOOG	B	1.55%	0.16%	0.16%
GRMN	B	0.48%	0.33%	0.33%
HSY	F	0.15%	0.3%	0.15%
JNJ	D	2.15%	1.17%	1.17%
KEYS	C	0.15%	0.58%	0.15%
KO	D	1.43%	0.1%	0.1%
LIN	D	1.14%	0.16%	0.16%
LLY	F	3.42%	1.39%	1.39%
LMT	D	1.08%	0.85%	0.85%
MA	B	4.22%	0.69%	0.69%
MMC	D	0.74%	1.11%	0.74%
MOH	F	0.09%	0.21%	0.09%
MSFT	D	4.5%	1.32%	1.32%
NTAP	C	0.21%	0.22%	0.21%
NVDA	A	6.93%	0.66%	0.66%
PEP	F	1.1%	1.05%	1.05%
PKG	B	0.1%	0.2%	0.1%
ROL	B	0.12%	0.36%	0.12%
SNPS	C	0.51%	0.19%	0.19%
TJX	A	2.03%	0.43%	0.43%
TXN	C	1.34%	1.49%	1.34%
ULTA	F	0.31%	0.05%	0.05%
UNH	C	2.81%	1.4%	1.4%
UTHR	C	0.08%	0.15%	0.08%
V	A	4.5%	0.86%	0.86%
VRTX	D	0.62%	0.78%	0.62%

QUAL Overweight 82 Positions Relative to USMV

Symbol	Grade	Weight
META	C	4.09%
COST	A	2.55%
GOOGL	B	1.77%
ADBE	D	1.76%
NFLX	A	1.76%
COP	B	1.73%
NKE	F	1.41%
CAT	C	1.4%
CMG	C	1.26%
AMAT	F	1.17%
QCOM	F	1.15%
BLK	B	0.99%
SRE	A	0.93%
SLB	C	0.89%
KLAC	F	0.77%
ITW	B	0.73%
LRCX	F	0.73%
PLD	D	0.71%
DHI	D	0.7%
PEG	C	0.69%
LULU	C	0.66%
CTAS	B	0.6%
GWW	B	0.59%
TPL	A	0.58%
SHW	C	0.57%
PSA	C	0.55%
MCO	D	0.53%
NVR	D	0.52%
ZTS	D	0.51%
MMM	D	0.5%
PAYX	B	0.49%
DECK	A	0.49%
TSCO	D	0.43%
PHM	D	0.43%
AFL	C	0.42%
FAST	B	0.42%
APD	A	0.35%
CBRE	B	0.35%
ODFL	B	0.34%
AMP	A	0.33%
IDXX	F	0.3%
WSM	D	0.29%
BBY	D	0.29%
FERG	C	0.28%
CSGP	F	0.26%
AVB	B	0.24%
EW	C	0.24%
ROK	B	0.22%
POOL	D	0.22%
EQT	A	0.22%
VLTO	C	0.21%
MNST	C	0.21%
MANH	D	0.2%
A	F	0.2%
APA	F	0.19%
TROW	B	0.19%
MPWR	F	0.18%
EQR	C	0.18%
EME	A	0.17%
RMD	C	0.17%
LPLA	A	0.17%
VEEV	C	0.16%
PPG	F	0.15%
WAT	C	0.13%
WSO	A	0.12%
WST	D	0.12%
FDS	B	0.12%
EXPD	D	0.12%
GGG	B	0.11%
OMC	C	0.1%
RS	B	0.09%
JKHY	D	0.09%
AVY	D	0.08%
PAYC	B	0.08%
SEIC	B	0.07%
MKTX	D	0.07%
ENPH	F	0.06%
SMCI	F	0.06%
AOS	F	0.06%
SOLV	F	0.05%
IPG	F	0.05%
WBA	F	0.03%

QUAL Underweight 129 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	B	-1.92%
MSI	B	-1.83%
WMT	A	-1.7%
PGR	B	-1.68%
IBM	C	-1.65%
RSG	A	-1.52%
WCN	A	-1.5%
BRK.A	B	-1.5%
NOC	D	-1.5%
DUK	C	-1.46%
WM	B	-1.44%
CB	C	-1.42%
SO	C	-1.33%
MCK	A	-1.32%
ROP	C	-1.31%
AVGO	C	-1.29%
ORCL	A	-1.28%
VZ	C	-1.27%
AJG	B	-1.25%
MCD	D	-1.25%
ABBV	F	-1.22%
PG	C	-1.18%
TRV	A	-1.11%
MRK	F	-1.06%
GILD	C	-1.01%
AZO	C	-0.96%
GDDY	A	-0.92%
FCNCA	A	-0.84%
K	B	-0.79%
CTSH	C	-0.78%
WEC	A	-0.75%
T	A	-0.72%
NOW	B	-0.72%
ORLY	B	-0.67%
AMGN	D	-0.67%
GIS	F	-0.67%
COR	B	-0.67%
TSN	B	-0.66%
FI	A	-0.66%
VRSN	F	-0.64%
REGN	F	-0.64%
KDP	D	-0.61%
INCY	C	-0.61%
KR	B	-0.61%
FICO	B	-0.59%
TDY	B	-0.58%
BDX	F	-0.57%
FFIV	B	-0.55%
ELV	F	-0.54%
FANG	D	-0.54%
AON	B	-0.53%
MPC	D	-0.52%
YUM	D	-0.51%
PTC	B	-0.51%
BAH	D	-0.5%
JNPR	D	-0.48%
NEM	D	-0.47%
MDLZ	F	-0.45%
UBER	F	-0.45%
XOM	B	-0.45%
XEL	A	-0.44%
BMY	A	-0.44%
VRSK	B	-0.42%
WDAY	C	-0.42%
EG	D	-0.42%
HUM	D	-0.41%
KHC	F	-0.4%
CDW	F	-0.4%
CL	D	-0.4%
CMCSA	B	-0.39%
AKAM	F	-0.39%
WTW	B	-0.38%
AEP	C	-0.38%
CTVA	C	-0.37%
CHD	A	-0.37%
IT	C	-0.36%
GEN	B	-0.35%
CPB	D	-0.34%
CVX	A	-0.33%
MKL	A	-0.33%
NBIX	C	-0.33%
FWONK	B	-0.31%
GLW	B	-0.31%
AIZ	A	-0.3%
WRB	B	-0.3%
WMB	A	-0.29%
HD	A	-0.29%
ICE	C	-0.27%
L	A	-0.27%
ALNY	D	-0.25%
ADI	D	-0.24%
AZPN	A	-0.23%
HUBS	B	-0.23%
HON	B	-0.23%
AEE	A	-0.23%
BMRN	F	-0.23%
D	C	-0.22%
PFE	F	-0.21%
CI	D	-0.2%
KMB	C	-0.2%
HRL	D	-0.2%
CMS	C	-0.19%
DTE	C	-0.19%
TW	A	-0.19%
DPZ	C	-0.19%
EOG	A	-0.17%
STX	D	-0.17%
MELI	D	-0.17%
CRWD	B	-0.17%
HOLX	D	-0.16%
AMZN	B	-0.14%
MDT	D	-0.13%
HIG	B	-0.12%
OXY	F	-0.12%
DELL	B	-0.11%
DGX	A	-0.1%
RTX	D	-0.09%
ABT	A	-0.09%
LNT	A	-0.09%
KNX	B	-0.07%
TEL	C	-0.07%
GD	D	-0.06%
FSLR	F	-0.06%
OTIS	C	-0.06%
VLO	C	-0.05%
BR	B	-0.05%
CRM	B	-0.05%
PSX	C	-0.05%
CVS	F	-0.04%