SMMV vs. FOVL ETF Comparison

Comparison of iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) to iShares Focused Value Factor ETF (FOVL)

SMMV

iShares MSCI USA Small-Cap Min Vol Factor ETF

SMMV Description

iShares Edge MSCI Min Vol USA Small-Cap ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that, in the aggregate, have lower volatility characteristics relative to the small-capitalization U.S. equity market.

Grade (RS Rating)

Last Trade

$40.74

Average Daily Volume

307,009

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$68.28

Average Daily Volume

1,851

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMMV	FOVL
30 Days	1.62%	4.36%
60 Days	7.01%	13.72%
90 Days	9.75%	15.49%
12 Months	25.04%	42.32%

2 Overlapping Holdings

	Symbol	Grade	Weight in SMMV	Weight in FOVL	Overlap
	AXS	A	1.31%	3.05%	1.31%
	ORI	A	1.57%	2.91%	1.57%

SMMV Overweight 8 Positions Relative to FOVL

Symbol	Grade	Weight
MUSA	D	1.66%
CHE	D	1.46%
ADC	C	1.46%
RGLD	C	1.45%
ATR	A	1.43%
EXEL	B	1.38%
RLI	A	1.17%
ENSG	D	1.17%

SMMV Underweight 37 Positions Relative to FOVL

Symbol	Grade	Weight
FYBR	C	-3.93%
TOL	C	-3.89%
PNFP	B	-3.48%
IBKR	A	-3.37%
SF	A	-3.2%
JPM	C	-2.98%
SNV	D	-2.96%
LPX	C	-2.91%
BLDR	C	-2.86%
JHG	A	-2.86%
T	B	-2.81%
COF	A	-2.78%
FHB	D	-2.66%
Z	C	-2.66%
CNA	D	-2.62%
CUZ	C	-2.62%
KMI	A	-2.61%
WLK	C	-2.57%
WTM	C	-2.54%
FNB	D	-2.51%
WBS	D	-2.5%
HPE	B	-2.48%
STT	A	-2.46%
DFS	A	-2.44%
AMG	B	-2.39%
PFG	A	-2.32%
PNW	C	-2.23%
AN	D	-2.21%
LYB	B	-2.17%
THO	C	-2.16%
SNDR	D	-2.01%
AGR	C	-1.95%
NUE	D	-1.88%
UNM	A	-1.75%
ALK	C	-1.71%
CLF	D	-1.55%
LLYVK	B	-0.79%