USMV vs. FDL ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to First Trust Morningstar ETF (FDL)

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

$91.14

Average Daily Volume

2,252,906

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

FDL

First Trust Morningstar ETF

FDL 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 Morningstar(R) Dividend Leaders Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The objective of the index is to offer investors a benchmark for dividend portfolios as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends as well as the ability to sustain them. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.77

Average Daily Volume

466,565

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USMV	FDL
30 Days	1.97%	3.51%
60 Days	6.57%	4.99%
90 Days	8.42%	11.45%
12 Months	23.92%	26.47%

17 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in FDL	Overlap
ABBV	C	1.22%	8.52%	1.22%
AEE	C	0.22%	0.57%	0.22%
AEP	C	0.42%	1.44%	0.42%
CVS	D	0.05%	2.13%	0.05%
CVX	D	0.3%	7.23%	0.3%
DUK	C	1.55%	2.41%	1.55%
FANG	D	0.53%	0.79%	0.53%
GILD	B	0.89%	3.31%	0.89%
IBM	B	1.7%	5.12%	1.7%
K	B	0.81%	0.54%	0.54%
KHC	C	0.44%	1.02%	0.44%
KMB	D	0.22%	1.16%	0.22%
LNT	B	0.1%	0.39%	0.1%
PFE	C	0.24%	6.69%	0.24%
VZ	B	1.44%	8.22%	1.44%
WEC	C	0.75%	0.84%	0.75%
XEL	B	0.42%	0.94%	0.42%

USMV Overweight 153 Positions Relative to FDL

Symbol	Grade	Weight
TMUS	C	1.7%
PGR	B	1.68%
WMT	C	1.66%
MSI	B	1.64%
LLY	C	1.58%
WCN	D	1.55%
NOC	B	1.52%
RSG	D	1.52%
CB	B	1.5%
BRK.A	C	1.49%
MSFT	C	1.38%
TXN	C	1.38%
UNH	C	1.38%
SO	B	1.37%
WM	D	1.37%
ROP	C	1.31%
CSCO	C	1.29%
APH	D	1.29%
AJG	D	1.29%
ACN	C	1.28%
JNJ	C	1.28%
MCD	B	1.27%
PG	C	1.26%
MRK	D	1.22%
ED	C	1.22%
AVGO	C	1.21%
MMC	C	1.16%
PEP	C	1.15%
MCK	F	1.14%
ORCL	C	1.12%
TRV	C	1.05%
AZO	D	0.99%
AAPL	C	0.97%
REGN	C	0.92%
LMT	C	0.88%
CBOE	C	0.87%
V	C	0.83%
GDDY	C	0.81%
ACGL	C	0.8%
EA	D	0.78%
CTSH	C	0.77%
GIS	B	0.77%
VRTX	D	0.75%
FCNCA	D	0.73%
ELV	C	0.72%
T	C	0.71%
KDP	B	0.71%
AMGN	B	0.7%
TSN	C	0.69%
MA	B	0.67%
COR	D	0.66%
NOW	B	0.65%
VRSN	D	0.65%
ORLY	C	0.63%
KR	C	0.59%
BDX	D	0.59%
NEM	B	0.58%
FI	A	0.57%
MPC	F	0.56%
KEYS	C	0.54%
NVDA	D	0.54%
ERIE	B	0.52%
MDLZ	B	0.52%
TDY	B	0.52%
CME	C	0.51%
YUM	D	0.51%
FFIV	B	0.49%
AON	B	0.49%
JNPR	B	0.49%
INCY	C	0.48%
FICO	B	0.48%
CL	D	0.47%
HUM	F	0.47%
UBER	C	0.47%
PTC	D	0.47%
AKAM	D	0.45%
CDW	D	0.45%
TJX	B	0.45%
EG	C	0.45%
BAH	C	0.44%
XOM	C	0.43%
WDAY	D	0.42%
BMY	C	0.41%
VRSK	D	0.4%
CPB	C	0.39%
CTVA	B	0.37%
ROL	C	0.37%
CHD	D	0.37%
WTW	C	0.36%
CMCSA	D	0.36%
HSY	C	0.35%
AFG	B	0.34%
IT	B	0.34%
NBIX	F	0.33%
MKL	C	0.32%
GEN	B	0.32%
WRB	C	0.3%
BMRN	F	0.3%
ICE	C	0.29%
FWONK	C	0.29%
HD	B	0.28%
AIZ	B	0.28%
GLW	C	0.28%
L	C	0.27%
GRMN	D	0.27%
ANET	B	0.27%
ALNY	C	0.25%
ADI	C	0.25%
MOH	D	0.23%
D	C	0.23%
CI	C	0.23%
WMB	B	0.23%
HON	D	0.22%
HRL	C	0.22%
DTE	C	0.21%
NTAP	D	0.21%
AZPN	B	0.21%
MELI	B	0.2%
CMS	C	0.2%
HUBS	D	0.18%
PKG	B	0.18%
SNPS	D	0.17%
HOLX	B	0.17%
STX	C	0.17%
TW	B	0.17%
LIN	B	0.17%
DPZ	F	0.17%
CDNS	D	0.16%
EOG	D	0.15%
CRWD	D	0.14%
MDT	C	0.14%
GOOG	D	0.14%
OXY	F	0.13%
UTHR	C	0.13%
HIG	B	0.12%
AMZN	C	0.12%
KO	C	0.11%
DELL	D	0.1%
DGX	B	0.1%
RTX	C	0.09%
ABT	C	0.09%
ADP	B	0.08%
TEL	D	0.07%
FSLR	C	0.07%
PSX	F	0.06%
GD	B	0.06%
KNX	C	0.06%
OTIS	C	0.06%
ULTA	D	0.05%
VLO	F	0.05%
BR	D	0.05%
ATO	B	0.05%
CRM	D	0.04%

USMV Underweight 82 Positions Relative to FDL

Symbol	Grade	Weight
PM	C	-6.53%
MO	C	-5.15%
UPS	D	-2.98%
USB	B	-2.27%
TFC	C	-2.09%
PNC	B	-1.91%
OKE	B	-1.73%
KMI	B	-1.59%
F	F	-1.38%
PRU	C	-1.26%
DOW	D	-1.17%
EXC	C	-1.16%
EIX	C	-0.92%
LYB	D	-0.84%
ES	C	-0.76%
ETR	B	-0.73%
FITB	B	-0.72%
RF	B	-0.69%
HBAN	B	-0.68%
FE	C	-0.66%
TROW	D	-0.65%
STT	A	-0.63%
KEY	B	-0.6%
CFG	C	-0.57%
BBY	C	-0.56%
CLX	C	-0.5%
CAG	C	-0.49%
EVRG	B	-0.45%
FNF	B	-0.4%
SWK	B	-0.37%
IPG	C	-0.34%
SJM	C	-0.32%
PNW	C	-0.31%
OMF	D	-0.29%
CMA	B	-0.29%
CNH	D	-0.28%
HAS	B	-0.28%
OGE	C	-0.25%
WHR	D	-0.25%
COLB	B	-0.24%
UGI	C	-0.22%
MTN	D	-0.22%
FHN	D	-0.22%
BEN	F	-0.21%
FMC	C	-0.21%
WU	F	-0.2%
LNC	D	-0.19%
FAF	B	-0.18%
ZION	D	-0.17%
SNV	C	-0.17%
JHG	B	-0.15%
NXST	D	-0.15%
UBSI	B	-0.15%
VLY	C	-0.15%
POR	C	-0.14%
SR	B	-0.13%
FIBK	B	-0.13%
BKH	B	-0.13%
OZK	D	-0.12%
NJR	B	-0.12%
FLO	C	-0.12%
OGS	B	-0.11%
AVA	C	-0.11%
ALE	B	-0.11%
NWE	B	-0.11%
WEN	C	-0.11%
APAM	C	-0.11%
PRGO	D	-0.1%
FHB	D	-0.1%
PNM	B	-0.1%
TNL	D	-0.09%
ASB	D	-0.09%
MAN	C	-0.09%
MSM	D	-0.09%
LCII	C	-0.08%
CRI	D	-0.08%
AGR	B	-0.08%
CC	F	-0.07%
CATY	C	-0.07%
FHI	A	-0.07%
SMG	C	-0.07%
GEF	D	-0.01%