USMV vs. CSM ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to ProShares Large Cap Core Plus (CSM)

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

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.68

Average Daily Volume

7,638

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

Performance

Period	USMV	CSM
30 Days	1.70%	2.89%
60 Days	2.42%	4.45%
90 Days	4.02%	6.39%
12 Months	25.63%	32.21%

106 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in CSM	Overlap
AAPL	C	0.99%	4.66%	0.99%
ABBV	D	1.04%	0.35%	0.35%
ABT	B	0.09%	0.06%	0.06%
ACGL	D	0.68%	0.3%	0.3%
ACN	C	1.29%	0.05%	0.05%
AIZ	A	0.32%	0.32%	0.32%
AKAM	D	0.39%	0.19%	0.19%
AMGN	D	0.59%	0.04%	0.04%
AMZN	C	0.14%	2.77%	0.14%
ANET	C	0.29%	0.31%	0.29%
APH	A	1.44%	0.44%	0.44%
AVGO	D	1.19%	1.22%	1.19%
BDX	F	0.56%	0.37%	0.37%
BMY	B	0.49%	0.49%	0.49%
BRK.A	B	1.55%	0.96%	0.96%
CBOE	B	0.85%	0.28%	0.28%
CDNS	B	0.18%	0.35%	0.18%
CHD	B	0.4%	0.06%	0.06%
CI	F	0.21%	0.38%	0.21%
CMCSA	B	0.39%	0.23%	0.23%
CME	A	0.53%	0.4%	0.4%
COR	B	0.67%	0.33%	0.33%
CPB	D	0.33%	0.09%	0.09%
CRM	B	0.05%	0.83%	0.05%
CRWD	B	0.19%	0.19%	0.19%
CSCO	B	1.47%	0.04%	0.04%
CTSH	B	0.76%	0.35%	0.35%
CTVA	C	0.38%	0.1%	0.1%
CVS	D	0.04%	0.2%	0.04%
CVX	A	0.34%	0.09%	0.09%
DPZ	C	0.19%	0.05%	0.05%
DTE	C	0.2%	0.3%	0.2%
DUK	C	1.49%	0.34%	0.34%
EA	A	0.89%	0.2%	0.2%
EG	C	0.43%	0.25%	0.25%
FANG	D	0.55%	0.32%	0.32%
FFIV	B	0.55%	0.34%	0.34%
FSLR	F	0.06%	0.1%	0.06%
GDDY	A	1.0%	0.37%	0.37%
GEN	B	0.35%	0.18%	0.18%
GILD	C	0.94%	0.24%	0.24%
GOOG	C	0.16%	1.02%	0.16%
GRMN	B	0.33%	0.37%	0.33%
HD	A	0.3%	0.31%	0.3%
HIG	B	0.12%	0.33%	0.12%
HOLX	D	0.16%	0.11%	0.11%
HRL	D	0.21%	0.06%	0.06%
IBM	C	1.66%	0.03%	0.03%
INCY	C	0.53%	0.36%	0.36%
JNJ	D	1.18%	0.4%	0.4%
KDP	D	0.59%	0.12%	0.12%
KHC	F	0.38%	0.11%	0.11%
KMB	D	0.21%	0.32%	0.21%
KO	D	0.1%	0.12%	0.1%
KR	B	0.61%	0.36%	0.36%
L	A	0.28%	0.33%	0.28%
LIN	D	0.16%	0.08%	0.08%
LLY	F	1.25%	0.91%	0.91%
LMT	D	0.82%	0.2%	0.2%
MA	C	0.7%	0.38%	0.38%
MCD	D	1.25%	0.03%	0.03%
MCK	B	1.35%	0.45%	0.45%
MDT	D	0.13%	0.25%	0.13%
MMC	B	1.11%	0.04%	0.04%
MOH	F	0.18%	0.16%	0.16%
MRK	F	1.01%	0.62%	0.62%
MSFT	F	1.34%	4.32%	1.34%
MSI	B	1.81%	0.23%	0.23%
NEM	D	0.46%	0.09%	0.09%
NOC	D	1.43%	0.38%	0.38%
NOW	A	0.75%	0.14%	0.14%
NVDA	C	0.67%	4.99%	0.67%
ORCL	B	1.31%	0.13%	0.13%
OTIS	C	0.07%	0.32%	0.07%
PEP	F	1.01%	0.32%	0.32%
PFE	D	0.2%	0.12%	0.12%
PG	A	1.23%	0.4%	0.4%
PGR	A	1.67%	0.23%	0.23%
PKG	A	0.2%	0.05%	0.05%
PSX	C	0.06%	0.12%	0.06%
PTC	A	0.52%	0.04%	0.04%
ROL	B	0.36%	0.26%	0.26%
ROP	B	1.3%	0.12%	0.12%
RSG	A	1.55%	0.34%	0.34%
SNPS	B	0.18%	0.42%	0.18%
SO	D	1.35%	0.26%	0.26%
STX	D	0.16%	0.28%	0.16%
T	A	0.74%	0.2%	0.2%
TDY	B	0.57%	0.13%	0.13%
TJX	A	0.45%	0.48%	0.45%
TMUS	B	1.95%	0.5%	0.5%
TRV	B	1.15%	0.11%	0.11%
TSN	B	0.71%	0.34%	0.34%
UBER	D	0.45%	0.39%	0.39%
UNH	C	1.34%	0.52%	0.52%
V	A	0.9%	0.43%	0.43%
VLO	C	0.05%	0.08%	0.05%
VRSN	F	0.64%	0.25%	0.25%
VRTX	F	0.69%	0.46%	0.46%
VZ	C	1.35%	0.05%	0.05%
WM	A	1.44%	0.04%	0.04%
WMT	A	1.78%	0.24%	0.24%
WRB	A	0.31%	0.08%	0.08%
WTW	B	0.38%	0.14%	0.14%
XEL	A	0.46%	0.35%	0.35%
XOM	B	0.45%	0.51%	0.45%

USMV Overweight 64 Positions Relative to CSM

Symbol	Grade	Weight
WCN	A	1.56%
CB	C	1.47%
TXN	C	1.39%
AJG	B	1.27%
ED	D	1.13%
AZO	C	0.98%
FCNCA	A	0.88%
K	A	0.8%
WEC	A	0.78%
FI	A	0.69%
ORLY	B	0.68%
GIS	D	0.66%
FICO	B	0.59%
REGN	F	0.59%
KEYS	A	0.55%
MPC	D	0.54%
AON	A	0.53%
ELV	F	0.52%
YUM	B	0.5%
JNPR	F	0.45%
MDLZ	F	0.44%
WDAY	B	0.43%
ERIE	D	0.42%
VRSK	A	0.42%
CL	D	0.41%
HUM	C	0.4%
BAH	F	0.39%
AEP	D	0.39%
IT	C	0.35%
AFG	A	0.35%
CDW	F	0.35%
MKL	A	0.34%
NBIX	C	0.32%
WMB	A	0.31%
GLW	B	0.31%
FWONK	B	0.31%
HSY	F	0.3%
ICE	C	0.28%
HON	B	0.25%
AEE	A	0.24%
HUBS	A	0.24%
ADI	D	0.23%
D	C	0.23%
AZPN	A	0.23%
ALNY	D	0.22%
NTAP	C	0.22%
BMRN	D	0.22%
TW	A	0.2%
CMS	C	0.19%
MELI	D	0.18%
EOG	A	0.17%
UTHR	C	0.14%
DELL	C	0.12%
OXY	D	0.12%
DGX	A	0.11%
LNT	A	0.1%
RTX	C	0.09%
ADP	B	0.09%
TEL	B	0.07%
ATO	A	0.06%
KNX	B	0.06%
BR	A	0.05%
GD	F	0.05%
ULTA	F	0.04%

USMV Underweight 201 Positions Relative to CSM

Symbol	Grade	Weight
META	D	-1.6%
GOOGL	C	-1.27%
TSLA	B	-0.97%
JPM	A	-0.69%
INTU	C	-0.58%
GE	D	-0.57%
TMO	F	-0.55%
ADBE	C	-0.52%
QCOM	F	-0.5%
NFLX	A	-0.46%
PH	A	-0.45%
MU	D	-0.44%
TT	A	-0.43%
ETN	A	-0.42%
UAL	A	-0.42%
RCL	A	-0.42%
WELL	A	-0.42%
TRGP	B	-0.4%
RJF	A	-0.4%
GM	B	-0.4%
SNA	A	-0.39%
HWM	A	-0.39%
BKR	B	-0.39%
SYF	B	-0.39%
ALL	A	-0.38%
CCL	B	-0.38%
AME	A	-0.38%
LDOS	C	-0.37%
ETR	B	-0.37%
MCO	B	-0.36%
CBRE	B	-0.35%
TROW	B	-0.35%
APD	A	-0.35%
LYV	A	-0.35%
AVB	B	-0.35%
NCLH	B	-0.35%
MTB	A	-0.34%
BRO	B	-0.34%
TAP	C	-0.34%
CAH	B	-0.34%
VICI	C	-0.33%
FTNT	C	-0.33%
IR	B	-0.33%
NRG	B	-0.33%
PNR	A	-0.33%
EQR	B	-0.33%
TGT	F	-0.33%
PLD	D	-0.33%
EIX	B	-0.32%
RL	B	-0.32%
COST	B	-0.32%
LEN	D	-0.32%
BEN	C	-0.32%
CNP	B	-0.32%
PAYC	B	-0.32%
VTR	C	-0.31%
HST	C	-0.31%
SLB	C	-0.31%
STE	F	-0.31%
WY	D	-0.3%
PHM	D	-0.3%
DVN	F	-0.3%
FRT	B	-0.3%
FDX	B	-0.29%
VTRS	A	-0.29%
EXC	C	-0.29%
PRU	A	-0.29%
UHS	D	-0.29%
HPQ	B	-0.29%
CPT	B	-0.29%
NTRS	A	-0.29%
BAC	A	-0.29%
A	D	-0.29%
PCG	A	-0.29%
IEX	B	-0.29%
IVZ	B	-0.29%
CRL	C	-0.28%
MAA	B	-0.28%
INVH	D	-0.28%
EMN	D	-0.28%
HBAN	A	-0.28%
MTD	D	-0.28%
COF	B	-0.27%
LYB	F	-0.27%
EQIX	A	-0.26%
BBY	D	-0.26%
XYL	D	-0.26%
CNC	D	-0.26%
TXT	D	-0.26%
FOXA	B	-0.26%
WAB	B	-0.26%
IQV	D	-0.25%
BAX	D	-0.25%
SWK	D	-0.25%
PYPL	B	-0.25%
INTC	D	-0.25%
CSX	B	-0.25%
BG	F	-0.24%
HII	D	-0.24%
MET	A	-0.24%
OMC	C	-0.23%
DHI	D	-0.23%
PPG	F	-0.23%
HAL	C	-0.23%
DG	F	-0.22%
WDC	D	-0.22%
EMR	A	-0.22%
TFX	F	-0.21%
NI	A	-0.21%
KMX	B	-0.21%
AMAT	F	-0.21%
GL	B	-0.21%
EL	F	-0.21%
APA	D	-0.21%
DOC	D	-0.21%
REG	B	-0.2%
RMD	C	-0.2%
APTV	D	-0.2%
GEHC	F	-0.2%
SWKS	F	-0.2%
PANW	C	-0.2%
CFG	B	-0.19%
AES	F	-0.19%
QRVO	F	-0.19%
PARA	C	-0.19%
SJM	D	-0.18%
MGM	D	-0.18%
BX	A	-0.18%
DFS	B	-0.18%
OKE	A	-0.18%
ADSK	A	-0.17%
LRCX	F	-0.17%
CE	F	-0.16%
TPR	B	-0.16%
ABNB	C	-0.16%
BLDR	D	-0.16%
MSCI	C	-0.15%
F	C	-0.15%
BWA	D	-0.15%
HCA	F	-0.15%
FITB	A	-0.15%
WBA	F	-0.15%
AMD	F	-0.15%
ZTS	D	-0.15%
WFC	A	-0.15%
GPC	D	-0.14%
BIIB	F	-0.14%
HES	B	-0.14%
SPG	B	-0.14%
STLD	B	-0.14%
PSA	D	-0.14%
URI	B	-0.13%
BK	A	-0.13%
SYY	B	-0.13%
PNW	B	-0.13%
IPG	D	-0.12%
FCX	D	-0.12%
ON	D	-0.12%
KMI	A	-0.12%
JKHY	D	-0.12%
NWSA	B	-0.12%
PFG	D	-0.11%
ALLE	D	-0.11%
CAG	D	-0.1%
FE	C	-0.1%
LKQ	D	-0.1%
DIS	B	-0.1%
ISRG	A	-0.09%
DAY	B	-0.09%
MAR	B	-0.09%
LULU	C	-0.09%
JBL	B	-0.08%
DXCM	D	-0.08%
NUE	C	-0.08%
FTV	C	-0.07%
FIS	C	-0.07%
EBAY	D	-0.07%
MTCH	D	-0.07%
PAYX	C	-0.07%
DLR	B	-0.07%
AOS	F	-0.06%
CLX	B	-0.06%
IP	B	-0.06%
TRMB	B	-0.05%
EPAM	C	-0.05%
RF	A	-0.05%
MKC	D	-0.05%
CSGP	D	-0.04%
PM	B	-0.04%
ROST	C	-0.04%
J	F	-0.04%
FAST	B	-0.04%
MAS	D	-0.04%
WYNN	D	-0.04%
CMG	B	-0.04%
LOW	D	-0.04%
FDS	B	-0.04%
SMCI	F	-0.03%
DHR	F	-0.03%
FMC	D	-0.03%
ARE	D	-0.03%