USMV vs. IGV ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to iShares Expanded Tech-Software Sector ETF (IGV)

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

$92.96

Average Daily Volume

1,638,518

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

IGV

iShares Expanded Tech-Software Sector ETF

IGV 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 Software 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 software-related companies in the United States and Canada. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$105.03

Average Daily Volume

3,634,877

Number of Holdings ^*

109

* may have additional holdings in another (foreign) market

Performance

Period	USMV	IGV
30 Days	0.94%	14.03%
60 Days	2.29%	17.75%
90 Days	3.46%	21.60%
12 Months	24.96%	38.40%

15 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in IGV	Overlap
AZPN	A	0.23%	0.23%	0.23%
CDNS	B	0.18%	2.91%	0.18%
CRM	B	0.05%	9.42%	0.05%
CRWD	B	0.19%	2.79%	0.19%
EA	A	0.89%	1.38%	0.89%
FICO	B	0.59%	1.99%	0.59%
GEN	B	0.35%	0.57%	0.35%
HUBS	A	0.24%	1.25%	0.24%
MSFT	D	1.34%	7.19%	1.34%
NOW	A	0.75%	7.13%	0.75%
ORCL	A	1.31%	8.34%	1.31%
PTC	B	0.52%	0.8%	0.52%
ROP	B	1.3%	2.12%	1.3%
SNPS	B	0.18%	2.94%	0.18%
WDAY	B	0.43%	2.02%	0.43%

USMV Overweight 155 Positions Relative to IGV

Symbol	Grade	Weight
TMUS	B	1.95%
MSI	B	1.81%
WMT	A	1.78%
PGR	A	1.67%
IBM	C	1.66%
WCN	A	1.56%
RSG	A	1.55%
BRK.A	B	1.55%
DUK	C	1.49%
CSCO	B	1.47%
CB	C	1.47%
APH	A	1.44%
WM	B	1.44%
NOC	D	1.43%
TXN	C	1.39%
VZ	C	1.35%
SO	C	1.35%
MCK	A	1.35%
UNH	B	1.34%
ACN	B	1.29%
AJG	A	1.27%
MCD	D	1.25%
LLY	F	1.25%
PG	C	1.23%
AVGO	D	1.19%
JNJ	C	1.18%
TRV	B	1.15%
ED	C	1.13%
MMC	B	1.11%
ABBV	F	1.04%
MRK	D	1.01%
PEP	F	1.01%
GDDY	A	1.0%
AAPL	C	0.99%
AZO	C	0.98%
GILD	C	0.94%
V	A	0.9%
FCNCA	A	0.88%
CBOE	C	0.85%
LMT	D	0.82%
K	A	0.8%
WEC	A	0.78%
CTSH	B	0.76%
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	C	0.68%
COR	B	0.67%
NVDA	B	0.67%
GIS	D	0.66%
VRSN	C	0.64%
KR	B	0.61%
AMGN	F	0.59%
REGN	F	0.59%
KDP	F	0.59%
TDY	B	0.57%
BDX	F	0.56%
KEYS	A	0.55%
FANG	C	0.55%
FFIV	B	0.55%
MPC	D	0.54%
INCY	C	0.53%
AON	A	0.53%
CME	B	0.53%
ELV	F	0.52%
YUM	D	0.5%
BMY	B	0.49%
XEL	A	0.46%
NEM	D	0.46%
UBER	F	0.45%
JNPR	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	A	0.4%
HUM	C	0.4%
BAH	F	0.39%
CMCSA	B	0.39%
AEP	C	0.39%
AKAM	D	0.39%
KHC	F	0.38%
WTW	B	0.38%
CTVA	C	0.38%
ROL	B	0.36%
IT	C	0.35%
AFG	A	0.35%
CDW	F	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%
GLW	B	0.31%
FWONK	A	0.31%
HSY	F	0.3%
HD	B	0.3%
ANET	C	0.29%
ICE	C	0.28%
L	A	0.28%
HON	C	0.25%
AEE	A	0.24%
ADI	D	0.23%
D	C	0.23%
ALNY	D	0.22%
NTAP	C	0.22%
BMRN	F	0.22%
HRL	D	0.21%
CI	D	0.21%
KMB	C	0.21%
TW	A	0.2%
DTE	C	0.2%
PKG	A	0.2%
PFE	F	0.2%
DPZ	C	0.19%
CMS	C	0.19%
MELI	C	0.18%
MOH	F	0.18%
EOG	A	0.17%
HOLX	D	0.16%
LIN	C	0.16%
STX	C	0.16%
GOOG	C	0.16%
UTHR	C	0.14%
AMZN	C	0.14%
MDT	D	0.13%
DELL	B	0.12%
HIG	B	0.12%
OXY	D	0.12%
DGX	A	0.11%
KO	D	0.1%
LNT	A	0.1%
RTX	D	0.09%
ADP	A	0.09%
ABT	B	0.09%
OTIS	C	0.07%
TEL	B	0.07%
ATO	A	0.06%
PSX	C	0.06%
FSLR	F	0.06%
KNX	C	0.06%
VLO	C	0.05%
BR	A	0.05%
GD	D	0.05%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 94 Positions Relative to IGV

Symbol	Grade	Weight
ADBE	C	-6.5%
PANW	B	-4.35%
PLTR	B	-4.17%
INTU	B	-4.13%
ADSK	A	-2.31%
APP	B	-2.13%
FTNT	C	-2.1%
MSTR	B	-2.0%
DDOG	A	-1.43%
TEAM	A	-1.39%
TTWO	A	-1.04%
ANSS	B	-1.04%
TYL	B	-0.92%
ZM	C	-0.76%
ZS	B	-0.68%
NTNX	B	-0.61%
MANH	D	-0.6%
DOCU	B	-0.58%
GWRE	A	-0.57%
DT	D	-0.56%
SNAP	D	-0.4%
IOT	A	-0.36%
BILL	A	-0.3%
S	B	-0.28%
PCOR	B	-0.27%
ESTC	C	-0.27%
SMAR	A	-0.27%
BSY	F	-0.26%
CVLT	B	-0.26%
GTLB	B	-0.25%
CFLT	B	-0.25%
DBX	B	-0.23%
SPSC	D	-0.23%
MARA	B	-0.22%
ALTR	B	-0.22%
VRNS	D	-0.21%
QTWO	A	-0.21%
CWAN	B	-0.2%
PATH	C	-0.2%
ACIW	C	-0.2%
AUR	C	-0.19%
APPF	B	-0.19%
U	C	-0.19%
QLYS	B	-0.19%
HCP	B	-0.18%
WK	B	-0.17%
CCCS	B	-0.17%
TENB	C	-0.17%
BOX	B	-0.17%
IDCC	B	-0.16%
DLB	B	-0.15%
PEGA	B	-0.14%
NCNO	C	-0.13%
BLKB	B	-0.12%
CLSK	C	-0.12%
ZETA	D	-0.12%
RNG	C	-0.11%
BL	B	-0.11%
RIOT	C	-0.11%
INTA	B	-0.1%
DV	C	-0.1%
TDC	D	-0.1%
PRGS	A	-0.1%
AI	B	-0.1%
FIVN	D	-0.1%
FRSH	B	-0.1%
ALRM	C	-0.1%
YOU	D	-0.09%
VERX	A	-0.09%
RPD	B	-0.09%
ENV	B	-0.09%
AGYS	A	-0.09%
BRZE	C	-0.08%
ALKT	B	-0.08%
PD	C	-0.07%
RAMP	B	-0.07%
VYX	B	-0.07%
AVPT	A	-0.06%
MTTR	B	-0.05%
ZUO	B	-0.05%
SPT	C	-0.05%
VRNT	C	-0.05%
APPN	B	-0.05%
PRO	C	-0.04%
ASAN	B	-0.04%
ATEN	A	-0.04%
ADEA	C	-0.04%
SWI	C	-0.03%
NABL	F	-0.03%
CXM	C	-0.03%
JAMF	F	-0.03%
SEMR	C	-0.02%
MLNK	C	-0.02%
ETWO	F	-0.02%