USMV vs. GSLC ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC)

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

$93.88

Average Daily Volume

1,656,770

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

GSLC

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

GSLC Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is designed to deliver exposure to equity securities of large-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology.

Grade (RS Rating)

Last Trade

$118.73

Average Daily Volume

217,679

Number of Holdings ^*

438

* may have additional holdings in another (foreign) market

Performance

Period	USMV	GSLC
30 Days	3.16%	4.32%
60 Days	3.21%	5.36%
90 Days	4.20%	7.76%
12 Months	25.83%	34.11%

148 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in GSLC	Overlap
AAPL	B	0.99%	6.24%	0.99%
ABBV	D	1.04%	0.48%	0.48%
ABT	B	0.09%	0.22%	0.09%
ACGL	D	0.68%	0.15%	0.15%
ACN	B	1.29%	0.45%	0.45%
ADI	D	0.23%	0.08%	0.08%
ADP	B	0.09%	0.12%	0.09%
AEE	A	0.24%	0.02%	0.02%
AEP	D	0.39%	0.04%	0.04%
AJG	A	1.27%	0.15%	0.15%
AKAM	F	0.39%	0.12%	0.12%
ALNY	D	0.22%	0.08%	0.08%
AMGN	D	0.59%	0.17%	0.17%
AMZN	C	0.14%	3.38%	0.14%
ANET	C	0.29%	0.17%	0.17%
AON	A	0.53%	0.12%	0.12%
APH	B	1.44%	0.22%	0.22%
ATO	A	0.06%	0.13%	0.06%
AVGO	D	1.19%	1.14%	1.14%
AZO	C	0.98%	0.22%	0.22%
BAH	F	0.39%	0.04%	0.04%
BDX	F	0.56%	0.07%	0.07%
BMY	B	0.49%	0.21%	0.21%
BR	A	0.05%	0.16%	0.05%
BRK.A	B	1.55%	1.15%	1.15%
CB	D	1.47%	0.21%	0.21%
CBOE	B	0.85%	0.11%	0.11%
CDNS	B	0.18%	0.23%	0.18%
CDW	F	0.35%	0.1%	0.1%
CHD	B	0.4%	0.13%	0.13%
CI	D	0.21%	0.26%	0.21%
CL	D	0.41%	0.4%	0.4%
CMCSA	C	0.39%	0.29%	0.29%
CME	A	0.53%	0.11%	0.11%
CMS	C	0.19%	0.08%	0.08%
COR	C	0.67%	0.23%	0.23%
CRM	B	0.05%	0.48%	0.05%
CRWD	B	0.19%	0.09%	0.09%
CSCO	A	1.47%	0.32%	0.32%
CTSH	B	0.76%	0.18%	0.18%
CTVA	B	0.38%	0.03%	0.03%
CVS	D	0.04%	0.18%	0.04%
CVX	B	0.34%	0.2%	0.2%
D	C	0.23%	0.03%	0.03%
DELL	C	0.12%	0.08%	0.08%
DGX	B	0.11%	0.17%	0.11%
DPZ	C	0.19%	0.21%	0.19%
DTE	C	0.2%	0.04%	0.04%
DUK	C	1.49%	0.1%	0.1%
EA	C	0.89%	0.24%	0.24%
ED	D	1.13%	0.06%	0.06%
EG	C	0.43%	0.1%	0.1%
ELV	F	0.52%	0.09%	0.09%
EOG	C	0.17%	0.08%	0.08%
FANG	F	0.55%	0.02%	0.02%
FCNCA	B	0.88%	0.1%	0.1%
FI	A	0.69%	0.27%	0.27%
FICO	B	0.59%	0.49%	0.49%
GD	F	0.05%	0.14%	0.05%
GDDY	B	1.0%	0.22%	0.22%
GEN	A	0.35%	0.12%	0.12%
GILD	B	0.94%	0.17%	0.17%
GIS	D	0.66%	0.07%	0.07%
GLW	B	0.31%	0.08%	0.08%
GRMN	A	0.33%	0.05%	0.05%
HD	A	0.3%	0.81%	0.3%
HIG	B	0.12%	0.23%	0.12%
HOLX	D	0.16%	0.17%	0.16%
HON	B	0.25%	0.15%	0.15%
HSY	F	0.3%	0.05%	0.05%
HUBS	B	0.24%	0.24%	0.24%
HUM	C	0.4%	0.02%	0.02%
IBM	C	1.66%	0.38%	0.38%
ICE	D	0.28%	0.22%	0.22%
IT	C	0.35%	0.21%	0.21%
JNJ	D	1.18%	0.62%	0.62%
K	A	0.8%	0.06%	0.06%
KDP	D	0.59%	0.08%	0.08%
KEYS	B	0.55%	0.08%	0.08%
KHC	D	0.38%	0.09%	0.09%
KMB	C	0.21%	0.15%	0.15%
KO	D	0.1%	0.33%	0.1%
KR	A	0.61%	0.38%	0.38%
L	B	0.28%	0.21%	0.21%
LIN	D	0.16%	0.23%	0.16%
LLY	F	1.25%	1.15%	1.15%
LMT	D	0.82%	0.13%	0.13%
LNT	A	0.1%	0.09%	0.09%
MA	B	0.7%	0.86%	0.7%
MCD	D	1.25%	0.17%	0.17%
MCK	C	1.35%	0.19%	0.19%
MDLZ	F	0.44%	0.09%	0.09%
MDT	D	0.13%	0.09%	0.09%
MKL	A	0.34%	0.11%	0.11%
MMC	A	1.11%	0.29%	0.29%
MPC	F	0.54%	0.19%	0.19%
MRK	F	1.01%	0.39%	0.39%
MSFT	D	1.34%	5.64%	1.34%
MSI	C	1.81%	0.33%	0.33%
NOC	D	1.43%	0.04%	0.04%
NOW	B	0.75%	0.32%	0.32%
NTAP	C	0.22%	0.14%	0.14%
NVDA	C	0.67%	6.37%	0.67%
ORCL	C	1.31%	0.28%	0.28%
ORLY	B	0.68%	0.28%	0.28%
OTIS	C	0.07%	0.17%	0.07%
OXY	F	0.12%	0.05%	0.05%
PEP	F	1.01%	0.35%	0.35%
PFE	D	0.2%	0.02%	0.02%
PG	A	1.23%	0.6%	0.6%
PGR	A	1.67%	0.21%	0.21%
PKG	B	0.2%	0.12%	0.12%
PSX	C	0.06%	0.1%	0.06%
PTC	A	0.52%	0.17%	0.17%
REGN	F	0.59%	0.18%	0.18%
ROL	B	0.36%	0.13%	0.13%
ROP	B	1.3%	0.25%	0.25%
RSG	A	1.55%	0.22%	0.22%
RTX	D	0.09%	0.2%	0.09%
SNPS	B	0.18%	0.15%	0.15%
SO	D	1.35%	0.08%	0.08%
STX	D	0.16%	0.05%	0.05%
T	A	0.74%	0.34%	0.34%
TDY	B	0.57%	0.13%	0.13%
TJX	A	0.45%	0.39%	0.39%
TMUS	A	1.95%	0.27%	0.27%
TRV	B	1.15%	0.15%	0.15%
TSN	B	0.71%	0.06%	0.06%
TW	B	0.2%	0.02%	0.02%
TXN	D	1.39%	0.23%	0.23%
UBER	D	0.45%	0.14%	0.14%
ULTA	F	0.04%	0.25%	0.04%
UNH	B	1.34%	0.82%	0.82%
V	A	0.9%	0.83%	0.83%
VLO	C	0.05%	0.18%	0.05%
VRSK	A	0.42%	0.09%	0.09%
VRSN	F	0.64%	0.37%	0.37%
VRTX	D	0.69%	0.19%	0.19%
VZ	B	1.35%	0.25%	0.25%
WDAY	C	0.43%	0.05%	0.05%
WEC	A	0.78%	0.05%	0.05%
WM	A	1.44%	0.14%	0.14%
WMB	B	0.31%	0.23%	0.23%
WMT	B	1.78%	0.93%	0.93%
WRB	A	0.31%	0.07%	0.07%
WTW	B	0.38%	0.08%	0.08%
XOM	C	0.45%	0.73%	0.45%
YUM	B	0.5%	0.28%	0.28%

USMV Overweight 22 Positions Relative to GSLC

Symbol	Grade	Weight
WCN	A	1.56%
FFIV	A	0.55%
INCY	C	0.53%
XEL	A	0.46%
NEM	F	0.46%
JNPR	F	0.45%
ERIE	D	0.42%
AFG	A	0.35%
CPB	D	0.33%
AIZ	B	0.32%
NBIX	C	0.32%
FWONK	A	0.31%
AZPN	A	0.23%
BMRN	F	0.22%
HRL	D	0.21%
MELI	C	0.18%
MOH	F	0.18%
GOOG	C	0.16%
UTHR	C	0.14%
TEL	B	0.07%
FSLR	F	0.06%
KNX	B	0.06%

USMV Underweight 290 Positions Relative to GSLC

Symbol	Grade	Weight
META	D	-2.5%
GOOGL	C	-1.88%
JPM	B	-1.16%
COST	B	-0.84%
TSLA	B	-0.84%
BKNG	B	-0.5%
ADBE	C	-0.47%
GWW	A	-0.44%
BLDR	C	-0.43%
SYF	A	-0.41%
BAC	A	-0.41%
LOW	C	-0.41%
NFLX	B	-0.4%
AMP	B	-0.4%
BK	A	-0.38%
CTAS	B	-0.37%
COF	B	-0.36%
FAST	B	-0.36%
QCOM	F	-0.35%
VTRS	B	-0.33%
MCO	A	-0.33%
WFC	A	-0.33%
AMAT	F	-0.32%
PM	B	-0.31%
TEAM	B	-0.3%
APO	A	-0.3%
AXP	A	-0.3%
GE	D	-0.29%
VST	B	-0.29%
IDXX	F	-0.29%
HPE	B	-0.28%
LEN	C	-0.28%
C	A	-0.28%
MANH	C	-0.28%
DFS	B	-0.27%
NTNX	B	-0.27%
PHM	C	-0.26%
KMI	B	-0.26%
DECK	A	-0.26%
INTU	C	-0.26%
MTD	F	-0.25%
MS	B	-0.25%
SSNC	A	-0.25%
STT	A	-0.25%
SYY	C	-0.24%
WAB	B	-0.24%
TGT	F	-0.24%
LRCX	F	-0.24%
FTNT	C	-0.24%
BSX	C	-0.24%
AMD	F	-0.23%
CAT	B	-0.23%
PINS	F	-0.23%
WBD	C	-0.23%
LDOS	D	-0.22%
TMO	F	-0.22%
ITW	A	-0.22%
BBY	D	-0.21%
NRG	C	-0.21%
SHW	A	-0.21%
ISRG	C	-0.2%
ADSK	B	-0.2%
ADM	F	-0.19%
HLT	A	-0.19%
PSTG	D	-0.19%
CCL	B	-0.19%
NKE	F	-0.19%
DIS	B	-0.19%
MAS	C	-0.19%
NTRS	A	-0.19%
LII	A	-0.19%
CLX	C	-0.18%
OKE	C	-0.18%
TSCO	C	-0.18%
PANW	C	-0.18%
ZM	B	-0.18%
MO	A	-0.18%
BG	F	-0.18%
EXPE	B	-0.18%
BLK	C	-0.17%
BRO	B	-0.17%
F	C	-0.17%
TXT	D	-0.17%
WSM	B	-0.17%
APP	B	-0.17%
TT	B	-0.16%
RS	B	-0.16%
MSTR	C	-0.16%
GGG	B	-0.16%
KLAC	F	-0.16%
PRU	A	-0.16%
OMC	C	-0.16%
SYK	C	-0.16%
SPGI	C	-0.16%
PFG	C	-0.16%
SWKS	F	-0.16%
AIG	B	-0.16%
EME	B	-0.16%
CAG	D	-0.16%
AVY	D	-0.15%
KKR	B	-0.15%
RPM	A	-0.15%
IEX	B	-0.15%
DHR	D	-0.15%
NUE	D	-0.15%
DHI	D	-0.14%
CINF	A	-0.14%
ETN	A	-0.14%
OC	B	-0.14%
DAL	B	-0.14%
JKHY	D	-0.14%
PH	A	-0.14%
IRM	C	-0.13%
CHTR	C	-0.13%
TRGP	B	-0.13%
RJF	A	-0.13%
JBL	C	-0.13%
VRT	B	-0.13%
LYB	F	-0.13%
RCL	B	-0.13%
VLTO	C	-0.13%
CF	B	-0.12%
FDS	B	-0.12%
PPG	D	-0.12%
CAH	B	-0.12%
LPLA	B	-0.12%
HCA	F	-0.12%
NDSN	B	-0.12%
BIIB	F	-0.12%
TROW	A	-0.12%
AFL	B	-0.12%
TDG	D	-0.12%
HWM	B	-0.12%
LH	B	-0.11%
SWK	D	-0.11%
CEG	D	-0.11%
NVR	D	-0.11%
ALL	B	-0.11%
EL	F	-0.11%
DOV	A	-0.11%
IR	A	-0.11%
ZBH	C	-0.11%
PODD	B	-0.11%
PEG	A	-0.11%
ZTS	D	-0.11%
CNC	F	-0.1%
FDX	B	-0.1%
AME	A	-0.1%
AVB	B	-0.1%
PYPL	A	-0.1%
FTV	B	-0.1%
WPC	D	-0.1%
MAR	A	-0.1%
PPL	B	-0.1%
SNA	A	-0.1%
CSL	B	-0.1%
EXPD	C	-0.1%
VICI	C	-0.1%
NI	A	-0.1%
COP	D	-0.1%
EBAY	C	-0.1%
DG	F	-0.1%
GEV	C	-0.09%
STZ	D	-0.09%
NDAQ	A	-0.09%
MET	A	-0.09%
MNST	B	-0.09%
DRI	B	-0.09%
WELL	C	-0.09%
XYL	D	-0.09%
DLTR	D	-0.09%
IQV	F	-0.09%
CMI	A	-0.09%
MRO	B	-0.09%
CFG	B	-0.09%
AXON	B	-0.09%
NEE	D	-0.09%
BX	B	-0.09%
SPG	C	-0.09%
MMM	D	-0.09%
PWR	A	-0.09%
IP	B	-0.09%
PNC	A	-0.09%
ECL	D	-0.09%
LHX	C	-0.08%
SUI	D	-0.08%
HUBB	B	-0.08%
MAA	B	-0.08%
GPN	C	-0.08%
ARES	B	-0.08%
CPAY	A	-0.08%
HPQ	B	-0.08%
TRMB	B	-0.08%
STE	F	-0.08%
WAT	B	-0.08%
CE	F	-0.08%
ON	C	-0.08%
EQR	B	-0.08%
ETR	B	-0.07%
ALGN	D	-0.07%
ARE	D	-0.07%
TER	F	-0.07%
J	F	-0.07%
WSO	A	-0.07%
PAYX	B	-0.07%
MCHP	F	-0.07%
MU	D	-0.07%
DOW	F	-0.07%
AVTR	F	-0.07%
MTB	B	-0.07%
DASH	A	-0.07%
TOL	A	-0.07%
ROST	C	-0.07%
EW	C	-0.07%
CMG	B	-0.07%
FE	D	-0.07%
INVH	D	-0.07%
PCAR	B	-0.07%
EVRG	A	-0.07%
CARR	C	-0.06%
COIN	B	-0.06%
CVNA	B	-0.06%
CBRE	B	-0.06%
HAL	C	-0.06%
JCI	C	-0.06%
ILMN	C	-0.06%
FIS	D	-0.06%
CPRT	A	-0.06%
DE	B	-0.06%
CSX	B	-0.06%
USB	A	-0.06%
INTC	C	-0.06%
ESS	B	-0.06%
LNG	B	-0.05%
PSA	C	-0.05%
DVN	F	-0.05%
HBAN	B	-0.05%
A	D	-0.05%
TRU	D	-0.05%
STLD	B	-0.05%
SRE	A	-0.05%
IBKR	B	-0.05%
O	D	-0.05%
FITB	B	-0.05%
RF	B	-0.05%
BURL	B	-0.05%
DLR	A	-0.04%
VTR	D	-0.04%
TYL	A	-0.04%
CTRA	B	-0.04%
WY	D	-0.04%
FNF	B	-0.04%
EXC	D	-0.04%
WDC	C	-0.04%
VMC	B	-0.04%
GPC	D	-0.04%
GWRE	B	-0.04%
POOL	C	-0.04%
UNP	C	-0.04%
CNP	A	-0.04%
TTWO	B	-0.04%
EIX	A	-0.04%
SLB	C	-0.03%
EXR	C	-0.03%
RVTY	D	-0.03%
EFX	D	-0.03%
MPWR	F	-0.03%
GM	B	-0.03%
MLM	B	-0.03%
IFF	D	-0.03%
PLTR	B	-0.03%
URI	B	-0.03%
ANSS	B	-0.03%
SCHW	A	-0.03%
LYV	A	-0.03%
LVS	C	-0.02%
AMT	D	-0.02%
EQIX	A	-0.02%
ZBRA	A	-0.02%
KVUE	A	-0.02%
KIM	A	-0.02%
ODFL	B	-0.02%
DXCM	C	-0.02%
TFC	B	-0.02%
GEHC	F	-0.02%
RMD	C	-0.02%
KEY	A	-0.02%
PNR	B	-0.02%
PCG	B	-0.02%
SMCI	D	-0.01%