USMV vs. FTEC ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Fidelity MSCI Information Technology Index ETF (FTEC)

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

$93.78

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

FTEC

Fidelity MSCI Information Technology Index ETF

FTEC Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Information Technology Index, which represents the performance of the information technology sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Information Technology Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$184.65

Average Daily Volume

212,411

Number of Holdings ^*

275

* may have additional holdings in another (foreign) market

Performance

Period	USMV	FTEC
30 Days	1.70%	4.14%
60 Days	2.42%	7.90%
90 Days	4.02%	7.31%
12 Months	25.63%	36.13%

39 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in FTEC	Overlap
AAPL	C	0.99%	15.03%	0.99%
ACN	C	1.29%	1.42%	1.29%
ADI	D	0.23%	0.67%	0.23%
AKAM	D	0.39%	0.13%	0.13%
ANET	C	0.29%	0.66%	0.29%
APH	A	1.44%	0.57%	0.57%
AVGO	D	1.19%	4.31%	1.19%
CDNS	B	0.18%	0.55%	0.18%
CDW	F	0.35%	0.19%	0.19%
CRM	B	0.05%	2.04%	0.05%
CRWD	B	0.19%	0.54%	0.19%
CSCO	B	1.47%	1.47%	1.47%
CTSH	B	0.76%	0.3%	0.3%
DELL	C	0.12%	0.29%	0.12%
FFIV	B	0.55%	0.16%	0.16%
FICO	B	0.59%	0.41%	0.41%
FSLR	F	0.06%	0.17%	0.06%
GDDY	A	1.0%	0.22%	0.22%
GEN	B	0.35%	0.17%	0.17%
GLW	B	0.31%	0.29%	0.29%
HUBS	A	0.24%	0.28%	0.24%
IBM	C	1.66%	1.18%	1.18%
IT	C	0.35%	0.31%	0.31%
JNPR	F	0.45%	0.13%	0.13%
KEYS	A	0.55%	0.22%	0.22%
MSFT	F	1.34%	13.23%	1.34%
MSI	B	1.81%	0.55%	0.55%
NOW	A	0.75%	1.33%	0.75%
NTAP	C	0.22%	0.19%	0.19%
NVDA	C	0.67%	16.06%	0.67%
ORCL	B	1.31%	1.9%	1.31%
PTC	A	0.52%	0.2%	0.2%
ROP	B	1.3%	0.41%	0.41%
SNPS	B	0.18%	0.55%	0.18%
STX	D	0.16%	0.17%	0.16%
TDY	B	0.57%	0.2%	0.2%
TXN	C	1.39%	1.16%	1.16%
VRSN	F	0.64%	0.16%	0.16%
WDAY	B	0.43%	0.41%	0.41%

USMV Overweight 131 Positions Relative to FTEC

Symbol	Grade	Weight
TMUS	B	1.95%
WMT	A	1.78%
PGR	A	1.67%
WCN	A	1.56%
RSG	A	1.55%
BRK.A	B	1.55%
DUK	C	1.49%
CB	C	1.47%
WM	A	1.44%
NOC	D	1.43%
VZ	C	1.35%
SO	D	1.35%
MCK	B	1.35%
UNH	C	1.34%
AJG	B	1.27%
MCD	D	1.25%
LLY	F	1.25%
PG	A	1.23%
JNJ	D	1.18%
TRV	B	1.15%
ED	D	1.13%
MMC	B	1.11%
ABBV	D	1.04%
MRK	F	1.01%
PEP	F	1.01%
AZO	C	0.98%
GILD	C	0.94%
V	A	0.9%
EA	A	0.89%
FCNCA	A	0.88%
CBOE	B	0.85%
LMT	D	0.82%
K	A	0.8%
WEC	A	0.78%
T	A	0.74%
TSN	B	0.71%
MA	C	0.7%
VRTX	F	0.69%
FI	A	0.69%
ORLY	B	0.68%
ACGL	D	0.68%
COR	B	0.67%
GIS	D	0.66%
KR	B	0.61%
AMGN	D	0.59%
REGN	F	0.59%
KDP	D	0.59%
BDX	F	0.56%
FANG	D	0.55%
MPC	D	0.54%
INCY	C	0.53%
AON	A	0.53%
CME	A	0.53%
ELV	F	0.52%
YUM	B	0.5%
BMY	B	0.49%
XEL	A	0.46%
NEM	D	0.46%
UBER	D	0.45%
TJX	A	0.45%
XOM	B	0.45%
MDLZ	F	0.44%
EG	C	0.43%
ERIE	D	0.42%
VRSK	A	0.42%
CL	D	0.41%
CHD	B	0.4%
HUM	C	0.4%
BAH	F	0.39%
CMCSA	B	0.39%
AEP	D	0.39%
KHC	F	0.38%
WTW	B	0.38%
CTVA	C	0.38%
ROL	B	0.36%
AFG	A	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%
FWONK	B	0.31%
HSY	F	0.3%
HD	A	0.3%
ICE	C	0.28%
L	A	0.28%
HON	B	0.25%
AEE	A	0.24%
D	C	0.23%
AZPN	A	0.23%
ALNY	D	0.22%
BMRN	D	0.22%
HRL	D	0.21%
CI	F	0.21%
KMB	D	0.21%
TW	A	0.2%
DTE	C	0.2%
PKG	A	0.2%
PFE	D	0.2%
DPZ	C	0.19%
CMS	C	0.19%
MELI	D	0.18%
MOH	F	0.18%
EOG	A	0.17%
HOLX	D	0.16%
LIN	D	0.16%
GOOG	C	0.16%
UTHR	C	0.14%
AMZN	C	0.14%
MDT	D	0.13%
HIG	B	0.12%
OXY	D	0.12%
DGX	A	0.11%
KO	D	0.1%
LNT	A	0.1%
RTX	C	0.09%
ADP	B	0.09%
ABT	B	0.09%
OTIS	C	0.07%
TEL	B	0.07%
ATO	A	0.06%
PSX	C	0.06%
KNX	B	0.06%
VLO	C	0.05%
BR	A	0.05%
GD	F	0.05%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 236 Positions Relative to FTEC

Symbol	Grade	Weight
ADBE	C	-1.51%
AMD	F	-1.39%
INTU	C	-1.23%
QCOM	F	-1.14%
AMAT	F	-0.98%
PLTR	B	-0.81%
PANW	C	-0.81%
MU	D	-0.7%
INTC	D	-0.69%
LRCX	F	-0.64%
KLAC	D	-0.57%
APP	B	-0.55%
MRVL	B	-0.54%
ADSK	A	-0.46%
MSTR	C	-0.45%
FTNT	C	-0.43%
NXPI	D	-0.39%
TEAM	A	-0.33%
SNOW	C	-0.29%
DDOG	A	-0.28%
HPQ	B	-0.27%
MCHP	D	-0.25%
ANSS	B	-0.24%
NET	B	-0.23%
HPE	B	-0.23%
TYL	B	-0.22%
ON	D	-0.22%
MPWR	F	-0.2%
ZM	B	-0.2%
ZBRA	B	-0.19%
TWLO	A	-0.19%
MDB	C	-0.19%
TRMB	B	-0.18%
WDC	D	-0.18%
DOCU	A	-0.18%
NTNX	A	-0.18%
MANH	D	-0.17%
GWRE	A	-0.17%
ZS	C	-0.17%
EPAM	C	-0.16%
JBL	B	-0.16%
FLEX	A	-0.16%
COHR	B	-0.16%
BILL	A	-0.15%
DT	C	-0.15%
IOT	A	-0.14%
PSTG	D	-0.14%
ENTG	D	-0.14%
TER	D	-0.14%
SWKS	F	-0.13%
CIEN	B	-0.13%
QTWO	A	-0.12%
PCOR	B	-0.12%
GTLB	B	-0.12%
CFLT	B	-0.12%
OKTA	C	-0.12%
LITE	B	-0.12%
IDCC	A	-0.11%
ALTR	B	-0.11%
FN	D	-0.11%
DBX	B	-0.11%
SMAR	A	-0.11%
KD	B	-0.11%
SNX	C	-0.11%
MARA	C	-0.11%
S	B	-0.11%
CVLT	B	-0.11%
CRDO	B	-0.11%
MTSI	B	-0.11%
PATH	C	-0.1%
U	C	-0.1%
OLED	D	-0.1%
AUR	C	-0.1%
WK	B	-0.1%
BDC	B	-0.1%
PLXS	B	-0.1%
MKSI	C	-0.1%
RMBS	C	-0.1%
CGNX	C	-0.1%
BSY	D	-0.1%
BOX	B	-0.1%
BMI	B	-0.1%
VNT	B	-0.1%
LSCC	D	-0.1%
ACIW	B	-0.1%
ITRI	B	-0.1%
CWAN	B	-0.1%
QLYS	C	-0.1%
DLB	B	-0.09%
AVT	C	-0.09%
SITM	B	-0.09%
AEIS	B	-0.09%
PEGA	A	-0.09%
TENB	C	-0.09%
HCP	B	-0.09%
DXC	B	-0.09%
ARW	D	-0.09%
VRNS	D	-0.09%
APPF	B	-0.09%
LFUS	F	-0.09%
SANM	B	-0.09%
NOVT	D	-0.09%
ONTO	D	-0.09%
PI	D	-0.09%
ESTC	C	-0.09%
SPSC	C	-0.09%
CLSK	C	-0.08%
SLAB	D	-0.08%
POWI	D	-0.08%
RIOT	C	-0.08%
BLKB	B	-0.08%
NCNO	B	-0.08%
ENPH	F	-0.08%
ASGN	F	-0.08%
FORM	D	-0.07%
ALRM	C	-0.07%
TDC	D	-0.07%
FRSH	C	-0.07%
PRGS	A	-0.07%
FIVN	C	-0.07%
AI	B	-0.07%
FROG	C	-0.07%
INTA	A	-0.07%
DV	C	-0.07%
MIR	A	-0.07%
NSIT	F	-0.07%
SYNA	C	-0.07%
AGYS	A	-0.07%
SMTC	B	-0.07%
QRVO	F	-0.07%
SMCI	F	-0.07%
BL	B	-0.07%
CRUS	D	-0.07%
ALGM	D	-0.06%
ACLS	F	-0.06%
TTMI	B	-0.06%
OSIS	B	-0.06%
PAR	B	-0.06%
KLIC	B	-0.06%
DIOD	D	-0.06%
RPD	C	-0.06%
CXT	B	-0.06%
RNG	B	-0.06%
VERX	B	-0.06%
AMKR	D	-0.06%
ZETA	D	-0.06%
VYX	B	-0.05%
EXTR	B	-0.05%
BRZE	C	-0.05%
ALKT	B	-0.05%
PLUS	F	-0.05%
IPGP	D	-0.05%
YOU	D	-0.05%
DOCN	D	-0.05%
VIAV	B	-0.05%
AMBA	B	-0.05%
RBRK	A	-0.05%
VRNT	C	-0.04%
VECO	F	-0.04%
UCTT	D	-0.04%
PLAB	C	-0.04%
CTS	C	-0.04%
NTCT	C	-0.04%
INFA	D	-0.04%
KN	B	-0.04%
WULF	C	-0.04%
ROG	D	-0.04%
BHE	B	-0.04%
PD	C	-0.04%
CALX	D	-0.04%
VSH	D	-0.04%
SOUN	C	-0.04%
RAMP	C	-0.04%
ICHR	C	-0.03%
ARLO	C	-0.03%
SCSC	B	-0.03%
ENV	B	-0.03%
MXL	C	-0.03%
DGII	B	-0.03%
APPN	B	-0.03%
COHU	C	-0.03%
ASAN	C	-0.03%
ATEN	B	-0.03%
CIFR	B	-0.03%
ZUO	B	-0.03%
NSSC	D	-0.03%
HLIT	D	-0.03%
INFN	C	-0.03%
SPT	C	-0.03%
CEVA	B	-0.02%
OLO	B	-0.02%
SWI	B	-0.02%
NTGR	B	-0.02%
AOSL	C	-0.02%
SEDG	F	-0.02%
DJCO	B	-0.02%
INDI	C	-0.02%
IBUY	A	-0.02%
HCKT	B	-0.02%
BASE	C	-0.02%
NABL	F	-0.02%
BELFB	C	-0.02%
BLND	B	-0.02%
YEXT	A	-0.02%
ACMR	F	-0.02%
CXM	C	-0.02%
APLD	A	-0.02%
CNXN	C	-0.02%
PRO	C	-0.02%
WOLF	F	-0.02%
FSLY	D	-0.02%
PDFS	C	-0.02%
JAMF	F	-0.02%
XRX	F	-0.02%
GDYN	B	-0.02%
AAOI	B	-0.02%
VPG	D	-0.01%
CRSR	C	-0.01%
MEI	D	-0.01%
CLFD	D	-0.01%
LWLG	F	-0.01%
RBBN	C	-0.01%
SEMR	B	-0.01%
ENFN	A	-0.01%
BIGC	C	-0.01%
MITK	C	-0.01%
ETWO	F	-0.01%
WEAV	B	-0.01%
DMRC	C	-0.01%
LASR	D	-0.01%
KE	C	-0.01%
MLNK	B	-0.01%
NNBR	C	-0.01%
DAKT	B	-0.01%
VSAT	F	-0.01%
OSPN	A	-0.01%

FTEC: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Semiconductor Equipment & Materials Communication Equipment Information Technology Services Electronic Components Scientific & Technical Instruments Contract Manufacturers Data Storage Capital Markets Computer Systems Telecom Services Business Services Computer Distribution Computer Hardware Consumer Electronics Diversified Industrials Electronics Distribution Internet Content & Information