USMV vs. FCTR ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to First Trust Lunt U.S. Factor Rotation ETF (FCTR)

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

FCTR

First Trust Lunt U.S. Factor Rotation ETF

FCTR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Lunt Capital Large Cap Factor Rotation Index (the "index"). The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index. The index is designed to provide exposure to U.S. large cap equities grouped into four separate factors, with factors emphasized within the index as they come into favor in the U.S. marketplace. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.76

Average Daily Volume

7,787

Number of Holdings ^*

165

* may have additional holdings in another (foreign) market

Performance

Period	USMV	FCTR
30 Days	1.70%	9.38%
60 Days	2.42%	12.16%
90 Days	4.02%	17.79%
12 Months	25.63%	36.88%

66 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in FCTR	Overlap
AAPL	C	0.99%	0.65%	0.65%
ACGL	D	0.68%	0.84%	0.68%
ADP	B	0.09%	1.13%	0.09%
AEE	A	0.24%	0.45%	0.24%
AEP	D	0.39%	0.39%	0.39%
ALNY	D	0.22%	0.47%	0.22%
ANET	C	0.29%	1.29%	0.29%
ATO	A	0.06%	0.27%	0.06%
AVGO	D	1.19%	0.47%	0.47%
BDX	F	0.56%	0.41%	0.41%
BR	A	0.05%	1.39%	0.05%
BRK.A	B	1.55%	0.24%	0.24%
CB	C	1.47%	0.24%	0.24%
CDNS	B	0.18%	0.53%	0.18%
CHD	B	0.4%	0.22%	0.22%
CL	D	0.41%	0.98%	0.41%
CMS	C	0.19%	0.46%	0.19%
CRWD	B	0.19%	0.66%	0.19%
CSCO	B	1.47%	0.25%	0.25%
DPZ	C	0.19%	0.46%	0.19%
DTE	C	0.2%	0.4%	0.2%
DUK	C	1.49%	0.49%	0.49%
ED	D	1.13%	0.42%	0.42%
ERIE	D	0.42%	0.44%	0.42%
FCNCA	A	0.88%	0.3%	0.3%
FI	A	0.69%	0.91%	0.69%
FICO	B	0.59%	1.54%	0.59%
GIS	D	0.66%	0.36%	0.36%
HON	B	0.25%	0.25%	0.25%
HSY	F	0.3%	0.19%	0.19%
HUBS	A	0.24%	0.56%	0.24%
ICE	C	0.28%	0.78%	0.28%
KDP	D	0.59%	0.44%	0.44%
KMB	D	0.21%	0.38%	0.21%
KO	D	0.1%	0.52%	0.1%
LLY	F	1.25%	0.79%	0.79%
LMT	D	0.82%	0.48%	0.48%
LNT	A	0.1%	0.48%	0.1%
MA	C	0.7%	1.41%	0.7%
MCD	D	1.25%	0.66%	0.66%
MDLZ	F	0.44%	0.2%	0.2%
MDT	D	0.13%	0.41%	0.13%
MMC	B	1.11%	0.55%	0.55%
MSFT	F	1.34%	0.37%	0.37%
MSI	B	1.81%	1.75%	1.75%
NOC	D	1.43%	0.44%	0.44%
NOW	A	0.75%	0.52%	0.52%
NVDA	C	0.67%	0.78%	0.67%
ORCL	B	1.31%	0.51%	0.51%
ORLY	B	0.68%	0.45%	0.45%
PEP	F	1.01%	0.2%	0.2%
PG	A	1.23%	0.51%	0.51%
PGR	A	1.67%	0.5%	0.5%
ROL	B	0.36%	0.93%	0.36%
ROP	B	1.3%	0.43%	0.43%
RSG	A	1.55%	0.24%	0.24%
SNPS	B	0.18%	0.45%	0.18%
SO	D	1.35%	0.44%	0.44%
TJX	A	0.45%	0.6%	0.45%
V	A	0.9%	1.36%	0.9%
VRSK	A	0.42%	0.94%	0.42%
VRSN	F	0.64%	0.88%	0.64%
VRTX	F	0.69%	0.4%	0.4%
WEC	A	0.78%	0.47%	0.47%
WM	A	1.44%	0.23%	0.23%
YUM	B	0.5%	0.96%	0.5%

USMV Overweight 104 Positions Relative to FCTR

Symbol	Grade	Weight
TMUS	B	1.95%
WMT	A	1.78%
IBM	C	1.66%
WCN	A	1.56%
APH	A	1.44%
TXN	C	1.39%
VZ	C	1.35%
MCK	B	1.35%
UNH	C	1.34%
ACN	C	1.29%
AJG	B	1.27%
JNJ	D	1.18%
TRV	B	1.15%
ABBV	D	1.04%
MRK	F	1.01%
GDDY	A	1.0%
AZO	C	0.98%
GILD	C	0.94%
EA	A	0.89%
CBOE	B	0.85%
K	A	0.8%
CTSH	B	0.76%
T	A	0.74%
TSN	B	0.71%
COR	B	0.67%
KR	B	0.61%
AMGN	D	0.59%
REGN	F	0.59%
TDY	B	0.57%
KEYS	A	0.55%
FANG	D	0.55%
FFIV	B	0.55%
MPC	D	0.54%
INCY	C	0.53%
AON	A	0.53%
CME	A	0.53%
PTC	A	0.52%
ELV	F	0.52%
BMY	B	0.49%
XEL	A	0.46%
NEM	D	0.46%
UBER	D	0.45%
JNPR	F	0.45%
XOM	B	0.45%
WDAY	B	0.43%
EG	C	0.43%
HUM	C	0.4%
BAH	F	0.39%
CMCSA	B	0.39%
AKAM	D	0.39%
KHC	F	0.38%
WTW	B	0.38%
CTVA	C	0.38%
IT	C	0.35%
AFG	A	0.35%
GEN	B	0.35%
CDW	F	0.35%
CVX	A	0.34%
MKL	A	0.34%
GRMN	B	0.33%
CPB	D	0.33%
AIZ	A	0.32%
NBIX	C	0.32%
WMB	A	0.31%
WRB	A	0.31%
GLW	B	0.31%
FWONK	B	0.31%
HD	A	0.3%
L	A	0.28%
ADI	D	0.23%
D	C	0.23%
AZPN	A	0.23%
NTAP	C	0.22%
BMRN	D	0.22%
HRL	D	0.21%
CI	F	0.21%
TW	A	0.2%
PKG	A	0.2%
PFE	D	0.2%
MELI	D	0.18%
MOH	F	0.18%
EOG	A	0.17%
HOLX	D	0.16%
LIN	D	0.16%
STX	D	0.16%
GOOG	C	0.16%
UTHR	C	0.14%
AMZN	C	0.14%
DELL	C	0.12%
HIG	B	0.12%
OXY	D	0.12%
DGX	A	0.11%
RTX	C	0.09%
ABT	B	0.09%
OTIS	C	0.07%
TEL	B	0.07%
PSX	C	0.06%
FSLR	F	0.06%
KNX	B	0.06%
VLO	C	0.05%
CRM	B	0.05%
GD	F	0.05%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 99 Positions Relative to FCTR

Symbol	Grade	Weight
APP	B	-3.4%
PLTR	B	-2.35%
VST	B	-1.72%
MSTR	C	-1.55%
PAYX	C	-1.49%
AXON	A	-1.42%
SYK	C	-1.37%
CTAS	B	-1.08%
TDG	D	-1.04%
APO	B	-1.04%
ARES	A	-1.03%
LDOS	C	-0.99%
BRO	B	-0.97%
FDS	B	-0.92%
ISRG	A	-0.91%
THC	D	-0.88%
ITW	B	-0.86%
HOOD	B	-0.84%
TT	A	-0.82%
SYY	B	-0.81%
EME	C	-0.77%
HWM	A	-0.76%
TPL	A	-0.73%
MANH	D	-0.73%
TRGP	B	-0.7%
KKR	A	-0.68%
PH	A	-0.63%
TTD	B	-0.62%
VICI	C	-0.61%
IRM	D	-0.6%
RCL	A	-0.57%
NET	B	-0.55%
ZS	C	-0.55%
NI	A	-0.54%
SBAC	D	-0.54%
TOL	B	-0.53%
FAST	B	-0.53%
RBLX	C	-0.52%
PANW	C	-0.51%
DDOG	A	-0.51%
PPL	B	-0.5%
TTWO	A	-0.5%
ETR	B	-0.5%
LNG	B	-0.5%
DRI	B	-0.5%
MSCI	C	-0.5%
SNOW	C	-0.49%
SRE	A	-0.49%
FE	C	-0.49%
ROST	C	-0.48%
DASH	A	-0.48%
BSX	B	-0.47%
META	D	-0.47%
SPGI	C	-0.47%
NFLX	A	-0.44%
AVB	B	-0.43%
URI	B	-0.43%
EIX	B	-0.42%
ADSK	A	-0.42%
PHM	D	-0.42%
AFL	B	-0.41%
O	D	-0.41%
PPG	F	-0.41%
MDB	C	-0.41%
GLPI	C	-0.41%
BSY	D	-0.4%
EQR	B	-0.4%
MCO	B	-0.4%
INTU	C	-0.4%
ADBE	C	-0.39%
LW	C	-0.39%
EXC	C	-0.39%
DXCM	D	-0.39%
CARR	D	-0.38%
LII	A	-0.37%
AWK	D	-0.37%
MPWR	F	-0.36%
NVR	D	-0.36%
PWR	A	-0.36%
OKE	A	-0.35%
CSL	C	-0.35%
BX	A	-0.35%
HCA	F	-0.35%
DHI	D	-0.34%
RIVN	F	-0.34%
KLAC	D	-0.34%
COST	B	-0.34%
AMT	D	-0.33%
PSA	D	-0.33%
IDXX	F	-0.32%
BKNG	A	-0.3%
ETN	A	-0.3%
GWW	B	-0.29%
CPAY	A	-0.26%
AME	A	-0.23%
CMG	B	-0.22%
MNST	C	-0.2%
PCAR	B	-0.2%
LECO	B	-0.18%