USMV vs. IGM ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to iShares North American Tech ETF (IGM)

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

IGM

iShares North American Tech ETF

IGM Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Technology Sector IndexTM (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S.-traded stocks of technology-related companies in the United States and Canada. Components primarily include information technology and technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$101.20

Average Daily Volume

247,490

Number of Holdings ^*

270

* may have additional holdings in another (foreign) market

Performance

Period	USMV	IGM
30 Days	3.16%	3.58%
60 Days	3.21%	5.10%
90 Days	4.20%	8.48%
12 Months	25.83%	44.00%

43 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in IGM	Overlap
AAPL	B	0.99%	7.98%	0.99%
ACN	B	1.29%	1.74%	1.29%
ADI	D	0.23%	0.8%	0.23%
AKAM	F	0.39%	0.1%	0.1%
ANET	C	0.29%	0.75%	0.29%
APH	B	1.44%	0.67%	0.67%
AVGO	D	1.19%	4.19%	1.19%
AZPN	A	0.23%	0.05%	0.05%
CDNS	B	0.18%	0.62%	0.18%
CDW	F	0.35%	0.19%	0.19%
CRM	B	0.05%	2.47%	0.05%
CRWD	B	0.19%	0.61%	0.19%
CSCO	A	1.47%	1.81%	1.47%
CTSH	B	0.76%	0.3%	0.3%
DELL	C	0.12%	0.3%	0.12%
EA	C	0.89%	0.3%	0.3%
FFIV	A	0.55%	0.11%	0.11%
FICO	B	0.59%	0.43%	0.43%
FSLR	F	0.06%	0.16%	0.06%
GDDY	B	1.0%	0.2%	0.2%
GEN	A	0.35%	0.13%	0.13%
GLW	B	0.31%	0.28%	0.28%
GOOG	C	0.16%	3.99%	0.16%
HUBS	B	0.24%	0.27%	0.24%
IBM	C	1.66%	1.48%	1.48%
IT	C	0.35%	0.32%	0.32%
JNPR	F	0.45%	0.09%	0.09%
KEYS	B	0.55%	0.2%	0.2%
MSFT	D	1.34%	7.68%	1.34%
MSI	C	1.81%	0.64%	0.64%
NOW	B	0.75%	1.63%	0.75%
NTAP	C	0.22%	0.19%	0.19%
NVDA	C	0.67%	9.42%	0.67%
ORCL	C	1.31%	2.3%	1.31%
PTC	A	0.52%	0.18%	0.18%
ROP	B	1.3%	0.46%	0.46%
SNPS	B	0.18%	0.63%	0.18%
STX	D	0.16%	0.16%	0.16%
TDY	B	0.57%	0.17%	0.17%
TEL	B	0.07%	0.35%	0.07%
TXN	D	1.39%	1.44%	1.39%
VRSN	F	0.64%	0.12%	0.12%
WDAY	C	0.43%	0.43%	0.43%

USMV Overweight 127 Positions Relative to IGM

Symbol	Grade	Weight
TMUS	A	1.95%
WMT	B	1.78%
PGR	A	1.67%
WCN	A	1.56%
RSG	A	1.55%
BRK.A	B	1.55%
DUK	C	1.49%
CB	D	1.47%
WM	A	1.44%
NOC	D	1.43%
VZ	B	1.35%
SO	D	1.35%
MCK	C	1.35%
UNH	B	1.34%
AJG	A	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	A	1.11%
ABBV	D	1.04%
MRK	F	1.01%
PEP	F	1.01%
AZO	C	0.98%
GILD	B	0.94%
V	A	0.9%
FCNCA	B	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	B	0.7%
VRTX	D	0.69%
FI	A	0.69%
ORLY	B	0.68%
ACGL	D	0.68%
COR	C	0.67%
GIS	D	0.66%
KR	A	0.61%
AMGN	D	0.59%
REGN	F	0.59%
KDP	D	0.59%
BDX	F	0.56%
FANG	F	0.55%
MPC	F	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	F	0.46%
UBER	D	0.45%
TJX	A	0.45%
XOM	C	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	C	0.39%
AEP	D	0.39%
KHC	D	0.38%
WTW	B	0.38%
CTVA	B	0.38%
ROL	B	0.36%
AFG	A	0.35%
CVX	B	0.34%
MKL	A	0.34%
GRMN	A	0.33%
CPB	D	0.33%
AIZ	B	0.32%
NBIX	C	0.32%
WMB	B	0.31%
WRB	A	0.31%
FWONK	A	0.31%
HSY	F	0.3%
HD	A	0.3%
ICE	D	0.28%
L	B	0.28%
HON	B	0.25%
AEE	A	0.24%
D	C	0.23%
ALNY	D	0.22%
BMRN	F	0.22%
HRL	D	0.21%
CI	D	0.21%
KMB	C	0.21%
TW	B	0.2%
DTE	C	0.2%
PKG	B	0.2%
PFE	D	0.2%
DPZ	C	0.19%
CMS	C	0.19%
MELI	C	0.18%
MOH	F	0.18%
EOG	C	0.17%
HOLX	D	0.16%
LIN	D	0.16%
UTHR	C	0.14%
AMZN	C	0.14%
MDT	D	0.13%
HIG	B	0.12%
OXY	F	0.12%
DGX	B	0.11%
KO	D	0.1%
LNT	A	0.1%
RTX	D	0.09%
ADP	B	0.09%
ABT	B	0.09%
OTIS	C	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 227 Positions Relative to IGM

Symbol	Grade	Weight
META	D	-8.33%
GOOGL	C	-4.83%
NFLX	B	-2.77%
ADBE	C	-1.75%
AMD	F	-1.71%
INTU	C	-1.51%
QCOM	F	-1.4%
AMAT	F	-1.1%
PLTR	B	-1.04%
PANW	C	-0.98%
MU	D	-0.84%
INTC	C	-0.81%
LRCX	F	-0.72%
KLAC	F	-0.65%
MRVL	B	-0.6%
ADSK	B	-0.51%
APP	B	-0.49%
MSTR	C	-0.47%
FTNT	C	-0.47%
NXPI	D	-0.43%
SNOW	C	-0.33%
DDOG	A	-0.31%
TEAM	B	-0.3%
HPQ	B	-0.28%
MCHP	F	-0.26%
TTWO	B	-0.23%
ANSS	B	-0.23%
ON	C	-0.22%
MPWR	F	-0.22%
RBLX	C	-0.21%
NET	B	-0.21%
HPE	B	-0.21%
TYL	A	-0.2%
ZM	B	-0.17%
ZBRA	A	-0.16%
WDC	C	-0.16%
MDB	C	-0.16%
ZS	C	-0.15%
TRMB	B	-0.14%
DOCU	A	-0.13%
MANH	C	-0.13%
TER	F	-0.13%
NTNX	B	-0.13%
PINS	F	-0.13%
ENTG	D	-0.12%
PSTG	D	-0.12%
TWLO	B	-0.12%
DT	C	-0.12%
GWRE	B	-0.12%
EPAM	C	-0.11%
JBL	C	-0.11%
COHR	C	-0.11%
SWKS	F	-0.1%
SNAP	C	-0.09%
OKTA	C	-0.09%
CIEN	B	-0.08%
IOT	B	-0.08%
BILL	A	-0.07%
FN	D	-0.07%
SNX	C	-0.07%
SMCI	D	-0.07%
MKSI	C	-0.06%
MTSI	B	-0.06%
BSY	D	-0.06%
ESTC	C	-0.06%
OLED	F	-0.06%
PCOR	B	-0.06%
CVLT	B	-0.06%
S	B	-0.06%
SMAR	A	-0.06%
ONTO	F	-0.06%
MTCH	F	-0.06%
ENPH	F	-0.06%
VRNS	D	-0.05%
VNT	C	-0.05%
QTWO	A	-0.05%
LFUS	D	-0.05%
ARW	D	-0.05%
NOVT	D	-0.05%
ALTR	B	-0.05%
MARA	C	-0.05%
QRVO	F	-0.05%
BMI	B	-0.05%
DBX	C	-0.05%
KD	B	-0.05%
SPSC	C	-0.05%
CFLT	B	-0.05%
LSCC	D	-0.05%
CGNX	C	-0.05%
GTLB	C	-0.05%
IDCC	A	-0.04%
AVT	C	-0.04%
WK	B	-0.04%
CWAN	B	-0.04%
CCCS	A	-0.04%
BOX	A	-0.04%
TENB	C	-0.04%
AUR	B	-0.04%
BDC	B	-0.04%
U	C	-0.04%
HCP	B	-0.04%
ITRI	B	-0.04%
APPF	B	-0.04%
IONQ	C	-0.04%
CRUS	F	-0.04%
QLYS	C	-0.04%
PATH	C	-0.04%
LITE	B	-0.04%
RMBS	C	-0.04%
CRDO	B	-0.04%
ACIW	B	-0.04%
SLAB	D	-0.03%
BLKB	B	-0.03%
SMTC	A	-0.03%
IAC	D	-0.03%
RIOT	C	-0.03%
POWI	D	-0.03%
CLSK	C	-0.03%
SITM	B	-0.03%
ZETA	D	-0.03%
NCNO	B	-0.03%
PEGA	A	-0.03%
DXC	B	-0.03%
ASGN	D	-0.03%
PI	D	-0.03%
AEIS	B	-0.03%
SANM	B	-0.03%
PLXS	B	-0.03%
NSIT	F	-0.03%
DLB	B	-0.03%
VYX	C	-0.02%
IPGP	D	-0.02%
BRZE	C	-0.02%
EXTR	C	-0.02%
PLUS	F	-0.02%
VIAV	B	-0.02%
AMBA	A	-0.02%
YOU	D	-0.02%
DOCN	D	-0.02%
ALKT	A	-0.02%
TTMI	B	-0.02%
ACLS	F	-0.02%
VERX	A	-0.02%
OSIS	A	-0.02%
ZD	C	-0.02%
YELP	C	-0.02%
DIOD	D	-0.02%
KLIC	B	-0.02%
RPD	C	-0.02%
AGYS	B	-0.02%
CXT	B	-0.02%
DV	C	-0.02%
MIR	B	-0.02%
INTA	B	-0.02%
TDC	D	-0.02%
FIVN	C	-0.02%
AMKR	F	-0.02%
AI	B	-0.02%
FRSH	C	-0.02%
ZI	C	-0.02%
FORM	F	-0.02%
ALGM	D	-0.02%
PRGS	A	-0.02%
SYNA	C	-0.02%
ALRM	C	-0.02%
RNG	B	-0.02%
BL	B	-0.02%
CARG	C	-0.02%
SWI	B	-0.01%
ZIP	F	-0.01%
NTGR	B	-0.01%
NABL	F	-0.01%
SSTK	F	-0.01%
BMBL	C	-0.01%
FSLY	D	-0.01%
CNXN	C	-0.01%
GDYN	B	-0.01%
WOLF	F	-0.01%
COMM	D	-0.01%
CXM	C	-0.01%
PDFS	C	-0.01%
AAOI	B	-0.01%
XRX	F	-0.01%
JAMF	F	-0.01%
PRO	C	-0.01%
ICHR	C	-0.01%
MXL	C	-0.01%
DGII	B	-0.01%
ASAN	C	-0.01%
COHU	C	-0.01%
ATEN	B	-0.01%
ADEA	C	-0.01%
NSSC	D	-0.01%
MTTR	B	-0.01%
ZUO	C	-0.01%
HLIT	F	-0.01%
INFN	D	-0.01%
SPT	C	-0.01%
VRNT	C	-0.01%
AVPT	B	-0.01%
APPN	C	-0.01%
VECO	F	-0.01%
PLAB	C	-0.01%
DBD	C	-0.01%
TRIP	F	-0.01%
UCTT	D	-0.01%
NTCT	B	-0.01%
KN	B	-0.01%
CTS	B	-0.01%
BHE	B	-0.01%
ROG	D	-0.01%
CALX	F	-0.01%
VSH	F	-0.01%
PD	C	-0.01%
ENV	B	-0.01%
RAMP	C	-0.01%
AVNW	F	-0.0%
CRSR	C	-0.0%
CLFD	F	-0.0%
RBBN	C	-0.0%
SEMR	C	-0.0%
PLTK	B	-0.0%
ADTN	B	-0.0%
VSAT	F	-0.0%
MLNK	C	-0.0%
SEDG	F	-0.0%
ETWO	F	-0.0%

IGM: Top Represented Industries & Keywords

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