USMV vs. FSMD ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Fidelity Small-Mid Factor ETF (FSMD)

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

$91.15

Average Daily Volume

2,261,365

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$41.02

Average Daily Volume

89,711

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

Performance

Period	USMV	FSMD
30 Days	0.26%	0.58%
60 Days	5.37%	5.66%
90 Days	9.17%	9.66%
12 Months	29.05%	30.42%

12 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in FSMD	Overlap
AFG	B	0.34%	0.23%	0.23%
AIZ	A	0.29%	0.26%	0.26%
CPB	D	0.38%	0.24%	0.24%
ERIE	A	0.54%	0.32%	0.32%
HRL	F	0.22%	0.22%	0.22%
INCY	B	0.48%	0.25%	0.25%
JNPR	C	0.5%	0.29%	0.29%
L	D	0.27%	0.31%	0.27%
NBIX	F	0.32%	0.26%	0.26%
ROL	B	0.37%	0.31%	0.31%
TW	A	0.18%	0.33%	0.18%
UTHR	B	0.14%	0.36%	0.14%

USMV Overweight 158 Positions Relative to FSMD

Symbol	Grade	Weight
IBM	C	1.75%
TMUS	A	1.69%
PGR	C	1.68%
MSI	A	1.67%
WMT	A	1.66%
LLY	D	1.58%
NOC	B	1.54%
DUK	B	1.53%
BRK.A	C	1.51%
RSG	D	1.5%
CB	A	1.5%
WCN	D	1.49%
VZ	A	1.44%
TXN	C	1.42%
MSFT	C	1.38%
SO	A	1.38%
WM	D	1.37%
CSCO	A	1.35%
UNH	B	1.34%
APH	D	1.34%
ROP	C	1.31%
MCD	A	1.29%
JNJ	C	1.26%
AVGO	C	1.26%
PG	C	1.25%
ACN	B	1.24%
MRK	F	1.21%
ABBV	A	1.21%
AJG	D	1.21%
ED	A	1.2%
ORCL	C	1.15%
MMC	D	1.12%
PEP	D	1.1%
MCK	F	1.06%
TRV	C	1.05%
AAPL	C	0.99%
AZO	D	0.96%
LMT	A	0.9%
GILD	A	0.9%
CBOE	B	0.86%
GDDY	D	0.84%
REGN	D	0.83%
K	B	0.81%
ACGL	A	0.81%
V	C	0.78%
GIS	B	0.77%
CTSH	C	0.76%
EA	D	0.76%
FCNCA	D	0.74%
WEC	A	0.74%
T	A	0.71%
VRTX	D	0.71%
KDP	C	0.71%
AMGN	D	0.7%
ELV	F	0.69%
NOW	C	0.68%
TSN	D	0.68%
MA	A	0.66%
VRSN	C	0.66%
ORLY	A	0.64%
COR	F	0.62%
BDX	B	0.6%
NEM	C	0.6%
KR	B	0.59%
FANG	F	0.57%
FI	A	0.57%
KEYS	C	0.56%
MPC	F	0.56%
NVDA	C	0.55%
TDY	B	0.53%
FFIV	C	0.52%
CME	A	0.51%
YUM	B	0.51%
MDLZ	C	0.51%
FICO	C	0.5%
UBER	C	0.5%
PTC	D	0.49%
AON	A	0.49%
CDW	D	0.46%
CL	D	0.46%
AKAM	D	0.46%
BAH	A	0.45%
XOM	B	0.45%
EG	B	0.45%
HUM	F	0.45%
TJX	C	0.44%
KHC	B	0.43%
XEL	A	0.43%
BMY	B	0.43%
AEP	B	0.41%
WDAY	D	0.41%
VRSK	D	0.4%
CMCSA	B	0.38%
CHD	B	0.37%
CTVA	B	0.37%
WTW	A	0.35%
HSY	D	0.34%
IT	C	0.34%
GEN	A	0.33%
MKL	B	0.32%
CVX	D	0.31%
GLW	C	0.3%
FWONK	D	0.3%
ICE	A	0.29%
WRB	B	0.29%
HD	A	0.29%
ANET	B	0.29%
GRMN	D	0.28%
ADI	C	0.25%
BMRN	F	0.25%
ALNY	B	0.25%
WMB	A	0.24%
PFE	D	0.24%
AEE	A	0.23%
D	A	0.23%
CI	C	0.23%
KMB	B	0.22%
NTAP	D	0.22%
MOH	D	0.22%
AZPN	C	0.22%
HON	B	0.22%
MELI	C	0.2%
CMS	A	0.2%
DTE	A	0.2%
HUBS	D	0.19%
LIN	B	0.18%
STX	B	0.18%
PKG	A	0.18%
DPZ	D	0.18%
HOLX	D	0.17%
SNPS	F	0.17%
CRWD	D	0.16%
CDNS	D	0.16%
EOG	D	0.16%
GOOG	C	0.15%
MDT	A	0.14%
AMZN	C	0.13%
OXY	F	0.13%
HIG	A	0.12%
KO	B	0.11%
LNT	A	0.1%
DELL	D	0.1%
DGX	C	0.1%
RTX	A	0.09%
ABT	C	0.09%
FSLR	C	0.08%
ADP	A	0.08%
TEL	D	0.07%
PSX	F	0.06%
GD	A	0.06%
KNX	C	0.06%
OTIS	A	0.06%
VLO	F	0.05%
CVS	D	0.05%
BR	B	0.05%
ULTA	D	0.05%
ATO	A	0.05%
CRM	C	0.04%

USMV Underweight 567 Positions Relative to FSMD

Symbol	Grade	Weight
NRG	A	-0.43%
EME	C	-0.42%
TPL	B	-0.4%
LII	C	-0.4%
MANH	C	-0.38%
LYV	A	-0.37%
THC	C	-0.37%
NTNX	D	-0.35%
TOL	A	-0.35%
UHS	D	-0.34%
RPM	C	-0.34%
IBKR	A	-0.34%
GWRE	A	-0.34%
PNR	A	-0.34%
NTRA	B	-0.34%
PSTG	F	-0.33%
WSO	B	-0.33%
RGA	C	-0.32%
DUOL	B	-0.32%
RNR	A	-0.32%
OC	B	-0.31%
GGG	B	-0.31%
CPT	C	-0.31%
NWSA	D	-0.31%
FIX	B	-0.31%
PCVX	B	-0.31%
SNA	B	-0.31%
EQH	C	-0.3%
WING	B	-0.3%
NDSN	B	-0.3%
CASY	D	-0.3%
ACM	B	-0.3%
ELS	D	-0.3%
SW	B	-0.29%
FTI	B	-0.29%
CUBE	C	-0.29%
JLL	B	-0.29%
DKS	D	-0.29%
AMH	D	-0.29%
SCI	C	-0.28%
TTEK	B	-0.28%
BSY	D	-0.28%
ALLE	A	-0.28%
CHRW	A	-0.28%
TXRH	B	-0.28%
CW	A	-0.28%
TFX	B	-0.28%
BLD	C	-0.28%
LAMR	C	-0.28%
BXP	C	-0.28%
REG	B	-0.28%
REXR	D	-0.27%
TPR	B	-0.27%
SRPT	F	-0.27%
CLH	C	-0.27%
ITT	B	-0.27%
OHI	C	-0.26%
MTCH	C	-0.26%
NVT	D	-0.26%
ONTO	C	-0.26%
SOLV	D	-0.26%
EWBC	D	-0.26%
SFM	A	-0.26%
GL	C	-0.25%
SF	A	-0.25%
KNSL	D	-0.25%
DOX	B	-0.25%
BJ	D	-0.25%
UNM	A	-0.25%
CHK	C	-0.25%
NYT	B	-0.25%
EHC	B	-0.25%
CACI	A	-0.25%
ATR	A	-0.25%
ENSG	D	-0.24%
OGE	A	-0.24%
HRB	C	-0.24%
PRI	A	-0.24%
CHE	B	-0.24%
LECO	F	-0.24%
EVR	C	-0.24%
DTM	A	-0.24%
TPX	B	-0.24%
TAP	D	-0.24%
AOS	B	-0.24%
RGLD	C	-0.24%
CIEN	B	-0.24%
WAL	C	-0.24%
EXP	C	-0.24%
WWD	B	-0.24%
DVA	B	-0.24%
FRT	B	-0.23%
BRX	B	-0.23%
OLED	C	-0.23%
SKX	C	-0.23%
HLI	B	-0.23%
INGR	A	-0.23%
ORI	A	-0.23%
HSIC	C	-0.23%
BFAM	C	-0.23%
MUSA	D	-0.23%
WMS	D	-0.23%
SNX	C	-0.23%
HII	D	-0.23%
BWXT	A	-0.23%
CROX	C	-0.23%
NNN	A	-0.23%
OWL	B	-0.23%
FHN	D	-0.22%
MHK	B	-0.22%
DOCS	B	-0.22%
BRBR	B	-0.22%
GMED	D	-0.22%
LNTH	C	-0.22%
CMA	C	-0.22%
EXEL	C	-0.22%
GPK	B	-0.22%
MORN	C	-0.22%
FN	C	-0.22%
CHRD	F	-0.22%
CHDN	D	-0.22%
VOYA	A	-0.22%
ALLY	F	-0.22%
TMHC	B	-0.21%
HALO	D	-0.21%
ALSN	A	-0.21%
BERY	C	-0.21%
MASI	C	-0.21%
ADMA	B	-0.21%
TTC	D	-0.21%
WBS	D	-0.21%
AYI	A	-0.21%
ADC	B	-0.21%
DCI	B	-0.21%
BWA	C	-0.21%
RL	B	-0.21%
RBC	B	-0.21%
PLNT	C	-0.21%
AIT	A	-0.21%
CR	C	-0.2%
CBSH	D	-0.2%
ANF	D	-0.2%
MMSI	C	-0.2%
MTG	B	-0.2%
CNX	A	-0.2%
ARW	C	-0.2%
GNTX	F	-0.2%
STAG	D	-0.2%
MEDP	F	-0.2%
GKOS	C	-0.2%
ESNT	C	-0.2%
SEIC	B	-0.2%
MTN	D	-0.2%
BPOP	D	-0.2%
SN	B	-0.2%
UFPI	B	-0.2%
PI	B	-0.2%
SSD	C	-0.2%
FCN	B	-0.2%
ELAN	D	-0.2%
MLI	B	-0.2%
DINO	F	-0.2%
HLNE	A	-0.2%
FR	C	-0.2%
AAON	B	-0.2%
MTH	B	-0.2%
AXTA	C	-0.2%
NOVT	D	-0.19%
CRUS	D	-0.19%
OLLI	C	-0.19%
AXS	A	-0.19%
ZION	D	-0.19%
JXN	B	-0.19%
RLI	A	-0.19%
SAIC	B	-0.19%
SPSC	D	-0.19%
WH	C	-0.19%
VRNS	C	-0.19%
BMI	A	-0.19%
EPRT	C	-0.19%
WTFC	C	-0.19%
ACI	F	-0.19%
CRBG	C	-0.19%
CVLT	C	-0.19%
RGEN	F	-0.19%
BRKR	D	-0.19%
NFG	A	-0.19%
LSTR	D	-0.18%
IBP	C	-0.18%
SIGI	D	-0.18%
MGY	C	-0.18%
EXLS	B	-0.18%
THG	A	-0.18%
ALTR	C	-0.18%
WMG	D	-0.18%
COKE	B	-0.18%
R	C	-0.18%
NSIT	C	-0.18%
G	A	-0.18%
ALV	F	-0.18%
MTSI	C	-0.18%
COOP	C	-0.18%
RHI	D	-0.18%
UGI	C	-0.18%
KBH	C	-0.18%
FLS	B	-0.18%
CNM	F	-0.18%
WFRD	F	-0.18%
DBX	C	-0.18%
CBT	B	-0.18%
RDNT	C	-0.18%
SNV	D	-0.18%
BPMC	F	-0.17%
MOG.A	B	-0.17%
ESTC	F	-0.17%
RDN	D	-0.17%
CTRE	B	-0.17%
ITGR	C	-0.17%
ASO	D	-0.17%
DY	C	-0.17%
EXPO	B	-0.17%
QTWO	C	-0.17%
APPF	C	-0.17%
BKH	B	-0.17%
BCPC	C	-0.17%
GPI	C	-0.17%
OSK	F	-0.17%
PRCT	C	-0.17%
ESI	B	-0.17%
ESAB	C	-0.17%
KNF	C	-0.17%
NXST	D	-0.17%
AMG	C	-0.17%
CSWI	B	-0.17%
CMC	C	-0.17%
ACIW	A	-0.17%
TREX	D	-0.17%
ACLX	C	-0.17%
POST	B	-0.17%
MSA	D	-0.17%
ZETA	B	-0.17%
MATX	B	-0.16%
AROC	C	-0.16%
OGN	D	-0.16%
KTB	B	-0.16%
MHO	A	-0.16%
CIVI	F	-0.16%
FSS	B	-0.16%
AVT	B	-0.16%
BCC	B	-0.16%
VNT	F	-0.16%
VMI	B	-0.16%
ALKS	C	-0.16%
MMS	A	-0.16%
WTS	B	-0.16%
CORT	B	-0.16%
MDU	C	-0.16%
CUZ	C	-0.16%
BYD	C	-0.16%
NWE	A	-0.16%
STRL	C	-0.16%
SLM	C	-0.16%
ALE	A	-0.16%
UMBF	C	-0.16%
HOG	C	-0.16%
PIPR	C	-0.16%
SON	D	-0.16%
EWTX	B	-0.16%
KD	F	-0.16%
VVV	D	-0.16%
AGCO	D	-0.16%
OMF	D	-0.16%
SR	A	-0.16%
AWI	A	-0.16%
PLXS	B	-0.15%
FUL	F	-0.15%
CNO	C	-0.15%
BNL	B	-0.15%
SHOO	A	-0.15%
TDS	B	-0.15%
ESGR	D	-0.15%
PBH	D	-0.15%
QLYS	F	-0.15%
PSN	A	-0.15%
DORM	C	-0.15%
AN	B	-0.15%
CEIX	B	-0.15%
LOPE	D	-0.15%
SUM	D	-0.15%
ABG	D	-0.15%
FLO	C	-0.15%
LRN	C	-0.15%
EEFT	F	-0.15%
WU	D	-0.15%
ASGN	D	-0.15%
TPH	B	-0.15%
TKR	B	-0.15%
KRYS	D	-0.15%
DLB	D	-0.15%
TENB	F	-0.15%
FTDR	C	-0.15%
BCO	A	-0.15%
WLK	B	-0.15%
KRC	C	-0.15%
BTU	B	-0.15%
NHI	C	-0.15%
ZWS	A	-0.15%
AXNX	A	-0.15%
ADUS	C	-0.14%
CHH	C	-0.14%
PRGS	B	-0.14%
FELE	B	-0.14%
SANM	D	-0.14%
VRRM	D	-0.14%
TNL	B	-0.14%
TGNA	B	-0.14%
PJT	C	-0.14%
IDCC	A	-0.14%
SLVM	C	-0.14%
VIRT	C	-0.14%
NEU	F	-0.14%
ASH	F	-0.14%
LBRT	F	-0.14%
ZD	D	-0.14%
DXC	D	-0.14%
FBP	D	-0.14%
PEGA	C	-0.14%
AMED	D	-0.14%
SEM	D	-0.14%
CPRX	C	-0.14%
FHI	C	-0.14%
CRVL	C	-0.14%
PATK	B	-0.14%
AGR	C	-0.14%
CRNX	D	-0.14%
SLGN	A	-0.14%
CVCO	A	-0.14%
BGC	B	-0.14%
HIW	C	-0.14%
ACA	C	-0.14%
AEO	C	-0.14%
NMIH	C	-0.14%
AVA	B	-0.14%
NSA	C	-0.14%
STNG	D	-0.14%
OZK	F	-0.14%
SKYW	B	-0.13%
CALM	A	-0.13%
UFPT	D	-0.13%
AX	D	-0.13%
INSW	C	-0.13%
UE	B	-0.13%
ATGE	C	-0.13%
GPOR	B	-0.13%
MSM	D	-0.13%
COLM	B	-0.13%
BRC	C	-0.13%
PAG	D	-0.13%
ENS	C	-0.13%
IBOC	D	-0.13%
LANC	F	-0.13%
ASB	F	-0.13%
KFY	C	-0.13%
WEN	C	-0.13%
ROAD	C	-0.13%
PLMR	D	-0.13%
FORM	F	-0.13%
WDFC	C	-0.13%
PBF	F	-0.13%
LEVI	B	-0.13%
GNW	C	-0.13%
DEI	A	-0.13%
PLUS	C	-0.13%
YELP	F	-0.13%
CATY	D	-0.13%
FULT	D	-0.13%
KAI	C	-0.13%
ASTH	B	-0.13%
APAM	C	-0.13%
SXT	C	-0.13%
AMKR	F	-0.13%
OTTR	F	-0.13%
GHC	B	-0.13%
HAE	D	-0.13%
ENVA	C	-0.12%
VGR	C	-0.12%
CBZ	F	-0.12%
MIR	B	-0.12%
SUPN	D	-0.12%
IDT	C	-0.12%
EQC	D	-0.12%
VCEL	F	-0.12%
GTES	C	-0.12%
AMRX	A	-0.12%
CACC	F	-0.12%
VSTO	D	-0.12%
OSIS	B	-0.12%
OFG	D	-0.12%
RUSHA	C	-0.12%
TWST	D	-0.12%
POWL	A	-0.12%
SHO	D	-0.12%
HCC	D	-0.12%
SNEX	C	-0.12%
LMAT	B	-0.12%
SBH	B	-0.12%
PHIN	D	-0.12%
VCTR	C	-0.12%
TK	B	-0.12%
HIMS	C	-0.12%
PRIM	C	-0.12%
ICFI	C	-0.12%
MWA	B	-0.12%
AMPH	C	-0.12%
SQSP	A	-0.12%
BKE	C	-0.11%
DEA	D	-0.11%
GNE	D	-0.11%
SPOK	D	-0.11%
BHE	C	-0.11%
PLAB	D	-0.11%
SPNT	D	-0.11%
ALRM	F	-0.11%
WSBC	D	-0.11%
FF	B	-0.11%
AGX	B	-0.11%
ACT	C	-0.11%
HCI	C	-0.11%
LZB	C	-0.11%
KURA	D	-0.11%
CASH	D	-0.11%
AZZ	C	-0.11%
REYN	C	-0.11%
SCHL	D	-0.11%
LGND	D	-0.11%
XHR	C	-0.11%
CNXC	F	-0.11%
HMN	C	-0.11%
ARCH	D	-0.11%
PDM	C	-0.11%
CHCO	D	-0.11%
PAHC	C	-0.11%
STRA	F	-0.11%
UTL	C	-0.11%
LTC	C	-0.11%
NHC	D	-0.11%
HUBG	D	-0.11%
PINC	F	-0.11%
HWKN	A	-0.11%
GIII	C	-0.11%
EPAC	C	-0.11%
IESC	B	-0.11%
MGRC	D	-0.11%
MTX	D	-0.11%
SKWD	B	-0.11%
IOSP	F	-0.11%
USM	C	-0.11%
UNF	B	-0.11%
PLTK	C	-0.11%
ADTN	C	-0.11%
MCY	B	-0.11%
TNK	D	-0.11%
AMAL	D	-0.1%
MCB	C	-0.1%
ASC	D	-0.1%
PFBC	D	-0.1%
USPH	F	-0.1%
SCSC	D	-0.1%
UVSP	D	-0.1%
VSH	F	-0.1%
PRDO	D	-0.1%
SSTK	F	-0.1%
ROCK	D	-0.1%
INFA	D	-0.1%
WINA	D	-0.1%
WABC	F	-0.1%
DDS	D	-0.1%
USLM	C	-0.1%
ATEN	C	-0.1%
MCRI	B	-0.1%
LPG	F	-0.1%
AMR	F	-0.1%
QCRH	D	-0.1%
CTS	D	-0.1%
CPF	C	-0.1%
UVE	C	-0.1%
PPC	A	-0.1%
INVA	B	-0.1%
SCVL	C	-0.1%
URBN	F	-0.1%
COLL	B	-0.1%
EIG	B	-0.1%
AAT	C	-0.1%
GOLF	F	-0.1%
REX	D	-0.1%
HNI	B	-0.1%
ZYXI	F	-0.09%
CXW	F	-0.09%
OSUR	F	-0.09%
IMKTA	F	-0.09%
FIZZ	C	-0.09%
GEO	F	-0.09%
MRVI	D	-0.09%
ALX	C	-0.09%
MSBI	D	-0.09%
WSR	B	-0.09%
CASS	D	-0.09%
UTMD	F	-0.09%
PGRE	D	-0.09%
ETH	D	-0.09%
TPC	B	-0.09%
HCKT	C	-0.09%
CFB	D	-0.09%
THFF	D	-0.09%
TNC	F	-0.09%
CWCO	F	-0.09%
CSV	C	-0.09%
CRAI	B	-0.09%
EGY	D	-0.09%
APOG	B	-0.09%
ANIP	D	-0.09%
SMP	D	-0.09%
STAA	D	-0.09%
IBCP	D	-0.09%
TRNS	D	-0.09%
CNXN	C	-0.09%
KLG	D	-0.09%
ANDE	D	-0.09%
CTBI	D	-0.09%
PEBO	D	-0.09%
TPB	B	-0.09%
SRCE	D	-0.09%
OLP	C	-0.09%
HSTM	B	-0.09%
VECO	F	-0.09%
HSII	B	-0.08%
HE	F	-0.08%
KFRC	F	-0.08%
AMN	F	-0.08%
VNDA	F	-0.08%
CECO	D	-0.08%
HCSG	D	-0.08%
CUBI	F	-0.08%
NSSC	F	-0.08%
SCS	D	-0.08%
RMR	B	-0.08%
JBSS	F	-0.08%
UTI	D	-0.08%
NVEC	F	-0.08%
EBF	B	-0.08%
BRY	F	-0.08%
BBSI	A	-0.08%
SMLR	F	-0.07%
SIGA	F	-0.07%
METC	D	-0.07%
KELYA	D	-0.07%
MLR	D	-0.07%
SXC	F	-0.07%
AMCX	F	-0.07%
GIC	D	-0.07%
NPK	F	-0.07%
SLP	F	-0.07%
PANL	D	-0.07%
IMMR	D	-0.06%
KRT	F	-0.06%
JBI	F	-0.06%
CLW	F	-0.05%