USMV vs. DLN ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to WisdomTree LargeCap Dividend Fund (DLN)

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

$91.10

Average Daily Volume

2,232,096

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

DLN

WisdomTree LargeCap Dividend Fund

DLN Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree LargeCap Dividend Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index that is comprised of the large-capitalization segment of the U.S. dividend-paying market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$78.64

Average Daily Volume

92,320

Number of Holdings ^*

300

* may have additional holdings in another (foreign) market

Performance

Period	USMV	DLN
30 Days	0.70%	2.95%
60 Days	7.72%	9.86%
90 Days	8.91%	7.96%
12 Months	29.23%	33.32%

106 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in DLN	Overlap
AAPL	C	0.98%	3.65%	0.98%
ABBV	C	1.23%	2.65%	1.23%
ABT	C	0.09%	0.48%	0.09%
ADI	B	0.24%	0.28%	0.24%
ADP	A	0.08%	0.36%	0.08%
AEE	A	0.23%	0.14%	0.14%
AEP	C	0.41%	0.31%	0.31%
AJG	C	1.24%	0.07%	0.07%
AMGN	D	0.68%	0.69%	0.68%
APH	D	1.29%	0.15%	0.15%
ATO	A	0.05%	0.11%	0.05%
AVGO	B	1.2%	2.92%	1.2%
BAH	C	0.46%	0.04%	0.04%
BDX	C	0.61%	0.14%	0.14%
BMY	A	0.44%	0.58%	0.44%
BR	B	0.05%	0.08%	0.05%
CBOE	B	0.87%	0.05%	0.05%
CDW	D	0.44%	0.05%	0.05%
CHD	D	0.37%	0.03%	0.03%
CI	D	0.22%	0.26%	0.22%
CL	D	0.45%	0.4%	0.4%
CMCSA	B	0.38%	0.97%	0.38%
CME	A	0.53%	0.21%	0.21%
CMS	A	0.2%	0.09%	0.09%
CRM	B	0.04%	0.25%	0.04%
CSCO	A	1.36%	1.37%	1.36%
CTSH	B	0.76%	0.08%	0.08%
CVS	D	0.05%	0.33%	0.05%
CVX	B	0.32%	1.61%	0.32%
D	A	0.23%	0.38%	0.23%
DELL	C	0.1%	0.07%	0.07%
DGX	D	0.1%	0.05%	0.05%
DTE	B	0.21%	0.12%	0.12%
DUK	C	1.53%	0.49%	0.49%
EA	D	0.76%	0.05%	0.05%
ED	C	1.23%	0.24%	0.24%
ELV	F	0.67%	0.19%	0.19%
EOG	B	0.16%	0.45%	0.16%
ERIE	A	0.54%	0.04%	0.04%
FANG	D	0.54%	0.09%	0.09%
FCNCA	D	0.73%	0.02%	0.02%
GD	C	0.06%	0.22%	0.06%
GILD	A	0.9%	0.5%	0.5%
GIS	C	0.78%	0.2%	0.2%
GLW	C	0.3%	0.19%	0.19%
GOOG	B	0.15%	0.61%	0.15%
HD	A	0.3%	2.07%	0.3%
HIG	A	0.12%	0.17%	0.12%
HON	C	0.22%	0.56%	0.22%
HRL	F	0.22%	0.08%	0.08%
HSY	D	0.33%	0.09%	0.09%
HUM	F	0.4%	0.04%	0.04%
IBM	A	1.74%	1.52%	1.52%
ICE	A	0.29%	0.25%	0.25%
JNJ	D	1.25%	2.31%	1.25%
K	B	0.81%	0.15%	0.15%
KDP	C	0.7%	0.18%	0.18%
KHC	F	0.43%	0.26%	0.26%
KMB	D	0.22%	0.34%	0.22%
KO	C	0.11%	1.89%	0.11%
KR	C	0.59%	0.18%	0.18%
L	C	0.27%	0.02%	0.02%
LLY	D	1.51%	0.83%	0.83%
LMT	A	0.94%	0.54%	0.54%
MA	A	0.67%	0.5%	0.5%
MCD	A	1.3%	1.01%	1.01%
MCK	F	1.1%	0.06%	0.06%
MDLZ	D	0.5%	0.49%	0.49%
MMC	D	1.12%	0.3%	0.3%
MPC	D	0.57%	0.27%	0.27%
MRK	F	1.21%	1.07%	1.07%
MSFT	D	1.35%	3.36%	1.35%
MSI	A	1.67%	0.17%	0.17%
NOC	B	1.58%	0.16%	0.16%
NTAP	D	0.22%	0.09%	0.09%
NVDA	B	0.53%	2.32%	0.53%
ORCL	A	1.16%	0.78%	0.78%
OTIS	A	0.07%	0.12%	0.07%
OXY	D	0.13%	0.07%	0.07%
PEP	F	1.11%	1.39%	1.11%
PG	D	1.25%	1.99%	1.25%
PGR	B	1.67%	0.13%	0.13%
PSX	D	0.06%	0.23%	0.06%
ROL	C	0.37%	0.04%	0.04%
ROP	D	1.3%	0.05%	0.05%
RSG	D	1.48%	0.11%	0.11%
RTX	A	0.09%	0.64%	0.09%
SO	A	1.39%	0.48%	0.48%
TJX	D	0.44%	0.4%	0.4%
TMUS	A	1.72%	0.76%	0.76%
TRV	B	1.04%	0.15%	0.15%
TSN	D	0.67%	0.09%	0.09%
TW	A	0.18%	0.01%	0.01%
TXN	C	1.39%	0.78%	0.78%
UNH	B	1.36%	1.41%	1.36%
V	B	0.8%	0.7%	0.7%
VLO	F	0.05%	0.19%	0.05%
VRSK	D	0.4%	0.04%	0.04%
WEC	B	0.76%	0.14%	0.14%
WM	B	1.37%	0.26%	0.26%
WMB	A	0.24%	0.35%	0.24%
WMT	A	1.67%	1.78%	1.67%
WRB	C	0.29%	0.08%	0.08%
XEL	C	0.43%	0.24%	0.24%
XOM	A	0.46%	2.74%	0.46%
YUM	C	0.53%	0.14%	0.14%

USMV Overweight 64 Positions Relative to DLN

Symbol	Grade	Weight
BRK.A	B	1.52%
CB	A	1.51%
WCN	D	1.48%
VZ	C	1.46%
ACN	B	1.28%
AZO	D	1.0%
REGN	D	0.83%
GDDY	B	0.82%
ACGL	A	0.81%
T	B	0.73%
VRTX	D	0.72%
VRSN	C	0.67%
ORLY	A	0.65%
NOW	B	0.64%
COR	F	0.62%
FI	A	0.59%
NEM	C	0.58%
KEYS	B	0.56%
TDY	A	0.54%
FFIV	B	0.51%
INCY	B	0.51%
FICO	C	0.5%
JNPR	C	0.5%
AON	A	0.49%
UBER	C	0.48%
PTC	B	0.48%
EG	A	0.46%
AKAM	D	0.45%
WDAY	D	0.4%
WTW	C	0.37%
CPB	D	0.37%
CTVA	A	0.37%
IT	A	0.34%
AFG	A	0.34%
GEN	A	0.33%
MKL	B	0.32%
NBIX	F	0.31%
FWONK	D	0.3%
ANET	A	0.29%
AIZ	B	0.29%
GRMN	D	0.27%
BMRN	F	0.25%
ALNY	C	0.25%
PFE	D	0.23%
MOH	F	0.22%
AZPN	A	0.22%
HUBS	D	0.19%
MELI	D	0.19%
STX	C	0.18%
PKG	B	0.18%
DPZ	D	0.18%
HOLX	D	0.17%
SNPS	F	0.17%
LIN	C	0.17%
CDNS	D	0.16%
CRWD	D	0.15%
UTHR	C	0.14%
MDT	C	0.14%
AMZN	C	0.12%
LNT	B	0.1%
FSLR	C	0.08%
TEL	D	0.07%
KNX	D	0.06%
ULTA	D	0.05%

USMV Underweight 194 Positions Relative to DLN

Symbol	Grade	Weight
JPM	C	-3.22%
PM	D	-1.33%
BAC	B	-1.25%
META	A	-1.03%
GOOGL	B	-0.96%
MS	A	-0.96%
WFC	B	-0.83%
MO	D	-0.75%
GS	B	-0.68%
C	B	-0.68%
LOW	C	-0.66%
QCOM	D	-0.53%
CAT	A	-0.53%
UPS	D	-0.52%
COST	C	-0.48%
BLK	A	-0.47%
USB	C	-0.45%
PLD	D	-0.45%
UNP	F	-0.44%
SPG	A	-0.43%
PNC	C	-0.42%
AMT	D	-0.41%
BX	C	-0.39%
AXP	A	-0.36%
SBUX	B	-0.36%
OKE	A	-0.36%
ITW	C	-0.35%
PSA	C	-0.35%
COP	D	-0.34%
CCI	D	-0.33%
AFL	A	-0.31%
PEG	A	-0.31%
O	C	-0.31%
VICI	C	-0.3%
BKNG	B	-0.3%
PRU	B	-0.29%
TGT	C	-0.29%
PCAR	D	-0.29%
DOW	B	-0.28%
PAYX	B	-0.27%
MET	A	-0.26%
SYK	C	-0.26%
BK	A	-0.25%
DTD	A	-0.25%
ETR	A	-0.24%
WELL	C	-0.24%
SRE	C	-0.23%
DE	C	-0.23%
TMO	D	-0.22%
PH	A	-0.22%
EQIX	C	-0.22%
FIS	A	-0.22%
KVUE	C	-0.22%
SCHW	D	-0.22%
SYY	D	-0.21%
DLR	C	-0.21%
APD	C	-0.21%
EXR	D	-0.21%
AVB	C	-0.21%
NKE	D	-0.2%
DIS	D	-0.19%
EIX	C	-0.19%
EMR	B	-0.19%
DHR	D	-0.19%
EXC	C	-0.19%
CMI	A	-0.18%
SPGI	C	-0.18%
FAST	C	-0.18%
APO	A	-0.18%
AMAT	C	-0.18%
INTU	F	-0.18%
GE	B	-0.18%
FITB	C	-0.17%
HPQ	B	-0.17%
ALL	A	-0.17%
NSC	C	-0.17%
IRM	B	-0.16%
FDX	F	-0.16%
AIG	C	-0.15%
MTB	A	-0.15%
MAR	A	-0.15%
ECL	C	-0.15%
LRCX	D	-0.15%
RF	B	-0.15%
SHW	C	-0.15%
COF	A	-0.15%
ZTS	C	-0.15%
TROW	D	-0.15%
CTAS	C	-0.15%
EQR	C	-0.15%
STT	A	-0.14%
KLAC	B	-0.14%
HBAN	B	-0.14%
FE	C	-0.14%
AMP	A	-0.14%
MCO	D	-0.13%
KKR	A	-0.13%
LHX	A	-0.13%
DRI	C	-0.13%
HCA	C	-0.13%
ES	D	-0.13%
BBY	C	-0.13%
STZ	D	-0.13%
DFS	A	-0.12%
VTR	C	-0.12%
DD	C	-0.11%
MCHP	F	-0.11%
BKR	B	-0.11%
PPG	D	-0.11%
ARE	D	-0.11%
PPL	C	-0.11%
CARR	A	-0.11%
CSX	D	-0.11%
CEG	A	-0.1%
EBAY	A	-0.1%
PFG	A	-0.1%
ARES	A	-0.1%
ADM	F	-0.1%
MU	D	-0.1%
OMC	C	-0.09%
CLX	C	-0.09%
NTRS	B	-0.09%
GM	D	-0.09%
LVS	B	-0.09%
URI	C	-0.09%
GWW	B	-0.09%
CINF	A	-0.08%
WY	C	-0.08%
HPE	B	-0.08%
TSCO	A	-0.08%
LNG	A	-0.08%
INVH	D	-0.08%
TRGP	A	-0.08%
ROST	D	-0.07%
MKC	C	-0.07%
HES	D	-0.07%
ROK	D	-0.07%
DHI	C	-0.07%
GPC	D	-0.07%
AWK	D	-0.07%
NUE	D	-0.06%
HAL	D	-0.06%
SUI	D	-0.06%
MSCI	B	-0.06%
CNP	B	-0.06%
HLT	A	-0.06%
LEN	C	-0.06%
CAH	B	-0.06%
NDAQ	C	-0.06%
RMD	C	-0.05%
DOV	C	-0.05%
RS	D	-0.05%
RJF	B	-0.05%
AME	C	-0.05%
XYL	C	-0.05%
PHM	C	-0.05%
VMC	D	-0.05%
SWKS	F	-0.05%
MRO	B	-0.04%
EXPD	D	-0.04%
WLK	C	-0.04%
STLD	C	-0.04%
AVY	D	-0.04%
BALL	C	-0.04%
BRO	A	-0.04%
IR	A	-0.04%
PWR	A	-0.04%
HWM	A	-0.04%
GEHC	C	-0.04%
SBAC	C	-0.04%
ODFL	F	-0.04%
A	B	-0.04%
PCG	C	-0.04%
MPWR	B	-0.04%
DAL	C	-0.04%
HUBB	A	-0.04%
FTV	C	-0.03%
GPN	F	-0.03%
WAB	A	-0.03%
VRT	B	-0.03%
EFX	D	-0.03%
MLM	F	-0.03%
HEI	C	-0.02%
TXT	F	-0.02%
LPLA	D	-0.02%
FDS	C	-0.02%
JBHT	D	-0.02%
J	F	-0.02%
VLTO	A	-0.02%
WST	D	-0.02%
ZBH	F	-0.02%
LEN	C	-0.01%
WMG	D	-0.01%
HEI	C	-0.01%