USMV vs. IMCB ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to iShares Morningstar Mid-Cap ETF (IMCB)

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

$91.10

Average Daily Volume

2,232,096

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

IMCB

iShares Morningstar Mid-Cap ETF

IMCB Description

IMCB is a passively-managed portfolio that offers exposure to a blend of growth and value stocks in the US mid-cap space. Stocks are selected based on Morningstars index methodology that uses fundamental factors. This methodology identifies growth securities as those with relatively above-average historical and forecasted earnings, sales, equity, and cash flow growth, while value securities as those with relatively low valuations based on price-to-book ratios, price-to-earnings ratios and other factors. The underlying index is reconstituted twice annually and rebalanced quarterly. Prior to March 19, 2021, the fund tracked the Morningstar US Mid Core Index under the ticker JKG.

Grade (RS Rating)

Last Trade

$75.86

Average Daily Volume

32,014

Number of Holdings ^*

447

* may have additional holdings in another (foreign) market

Performance

Period	USMV	IMCB
30 Days	0.70%	3.46%
60 Days	7.72%	10.27%
90 Days	8.91%	8.52%
12 Months	29.23%	30.58%

83 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in IMCB	Overlap
ACGL	A	0.81%	0.39%	0.39%
AEE	A	0.23%	0.21%	0.21%
AEP	C	0.41%	0.5%	0.41%
AFG	A	0.34%	0.09%	0.09%
AKAM	D	0.45%	0.14%	0.14%
ALNY	C	0.25%	0.32%	0.25%
ATO	A	0.05%	0.19%	0.05%
AZO	D	1.0%	0.5%	0.5%
AZPN	A	0.22%	0.06%	0.06%
BAH	C	0.46%	0.19%	0.19%
BMRN	F	0.25%	0.12%	0.12%
BR	B	0.05%	0.23%	0.05%
CDW	D	0.44%	0.28%	0.28%
CHD	D	0.37%	0.24%	0.24%
CMS	A	0.2%	0.19%	0.19%
COR	F	0.62%	0.35%	0.35%
CPB	D	0.37%	0.09%	0.09%
CTSH	B	0.76%	0.35%	0.35%
CTVA	A	0.37%	0.37%	0.37%
D	A	0.23%	0.44%	0.23%
DELL	C	0.1%	0.29%	0.1%
DGX	D	0.1%	0.16%	0.1%
DPZ	D	0.18%	0.14%	0.14%
DTE	B	0.21%	0.24%	0.21%
EA	D	0.76%	0.32%	0.32%
ED	C	1.23%	0.33%	0.33%
EG	A	0.46%	0.16%	0.16%
ERIE	A	0.54%	0.13%	0.13%
FANG	D	0.54%	0.27%	0.27%
FCNCA	D	0.73%	0.21%	0.21%
FFIV	B	0.51%	0.12%	0.12%
FICO	C	0.5%	0.43%	0.43%
FSLR	C	0.08%	0.24%	0.08%
FWONK	D	0.3%	0.15%	0.15%
GDDY	B	0.82%	0.19%	0.19%
GEN	A	0.33%	0.15%	0.15%
GIS	C	0.78%	0.38%	0.38%
GLW	C	0.3%	0.32%	0.3%
GRMN	D	0.27%	0.25%	0.25%
HIG	A	0.12%	0.32%	0.12%
HOLX	D	0.17%	0.17%	0.17%
HRL	F	0.22%	0.09%	0.09%
HSY	D	0.33%	0.26%	0.26%
HUBS	D	0.19%	0.25%	0.19%
HUM	F	0.4%	0.35%	0.35%
INCY	B	0.51%	0.1%	0.1%
IT	A	0.34%	0.36%	0.34%
JNPR	C	0.5%	0.12%	0.12%
K	B	0.81%	0.2%	0.2%
KDP	C	0.7%	0.37%	0.37%
KEYS	B	0.56%	0.25%	0.25%
KHC	F	0.43%	0.29%	0.29%
KMB	D	0.22%	0.44%	0.22%
KR	C	0.59%	0.35%	0.35%
L	C	0.27%	0.13%	0.13%
LNT	B	0.1%	0.14%	0.1%
MKL	B	0.32%	0.18%	0.18%
MOH	F	0.22%	0.18%	0.18%
NBIX	F	0.31%	0.11%	0.11%
NEM	C	0.58%	0.57%	0.57%
NTAP	D	0.22%	0.23%	0.22%
OTIS	A	0.07%	0.39%	0.07%
PKG	B	0.18%	0.18%	0.18%
PTC	B	0.48%	0.2%	0.2%
ROL	C	0.37%	0.14%	0.14%
STX	C	0.18%	0.2%	0.18%
TDY	A	0.54%	0.19%	0.19%
TEL	D	0.07%	0.42%	0.07%
TRV	B	1.04%	0.49%	0.49%
TSN	D	0.67%	0.15%	0.15%
TW	A	0.18%	0.13%	0.13%
ULTA	D	0.05%	0.18%	0.05%
UTHR	C	0.14%	0.13%	0.13%
VLO	F	0.05%	0.4%	0.05%
VRSK	D	0.4%	0.35%	0.35%
VRSN	C	0.67%	0.15%	0.15%
WDAY	D	0.4%	0.47%	0.4%
WEC	B	0.76%	0.28%	0.28%
WMB	A	0.24%	0.5%	0.24%
WRB	C	0.29%	0.16%	0.16%
WTW	C	0.37%	0.28%	0.28%
XEL	C	0.43%	0.33%	0.33%
YUM	C	0.53%	0.36%	0.36%

USMV Overweight 87 Positions Relative to IMCB

Symbol	Grade	Weight
IBM	A	1.74%
TMUS	A	1.72%
PGR	B	1.67%
MSI	A	1.67%
WMT	A	1.67%
NOC	B	1.58%
DUK	C	1.53%
BRK.A	B	1.52%
LLY	D	1.51%
CB	A	1.51%
WCN	D	1.48%
RSG	D	1.48%
VZ	C	1.46%
TXN	C	1.39%
SO	A	1.39%
WM	B	1.37%
UNH	B	1.36%
CSCO	A	1.36%
MSFT	D	1.35%
MCD	A	1.3%
ROP	D	1.3%
APH	D	1.29%
ACN	B	1.28%
PG	D	1.25%
JNJ	D	1.25%
AJG	C	1.24%
ABBV	C	1.23%
MRK	F	1.21%
AVGO	B	1.2%
ORCL	A	1.16%
MMC	D	1.12%
PEP	F	1.11%
MCK	F	1.1%
AAPL	C	0.98%
LMT	A	0.94%
GILD	A	0.9%
CBOE	B	0.87%
REGN	D	0.83%
V	B	0.8%
T	B	0.73%
VRTX	D	0.72%
AMGN	D	0.68%
MA	A	0.67%
ELV	F	0.67%
ORLY	A	0.65%
NOW	B	0.64%
BDX	C	0.61%
FI	A	0.59%
MPC	D	0.57%
CME	A	0.53%
NVDA	B	0.53%
MDLZ	D	0.5%
AON	A	0.49%
UBER	C	0.48%
XOM	A	0.46%
CL	D	0.45%
TJX	D	0.44%
BMY	A	0.44%
CMCSA	B	0.38%
CVX	B	0.32%
HD	A	0.3%
ICE	A	0.29%
ANET	A	0.29%
AIZ	B	0.29%
ADI	B	0.24%
PFE	D	0.23%
HON	C	0.22%
CI	D	0.22%
MELI	D	0.19%
SNPS	F	0.17%
LIN	C	0.17%
CDNS	D	0.16%
EOG	B	0.16%
CRWD	D	0.15%
GOOG	B	0.15%
MDT	C	0.14%
OXY	D	0.13%
AMZN	C	0.12%
KO	C	0.11%
ABT	C	0.09%
RTX	A	0.09%
ADP	A	0.08%
PSX	D	0.06%
GD	C	0.06%
KNX	D	0.06%
CVS	D	0.05%
CRM	B	0.04%

USMV Underweight 364 Positions Relative to IMCB

Symbol	Grade	Weight
PLTR	A	-0.67%
GEV	A	-0.63%
CARR	A	-0.62%
HLT	A	-0.53%
ADSK	B	-0.53%
PSA	C	-0.52%
TFC	D	-0.52%
DHI	C	-0.52%
COF	A	-0.52%
NSC	C	-0.51%
AFL	A	-0.51%
URI	C	-0.5%
O	C	-0.5%
GM	D	-0.48%
DLR	C	-0.48%
SRE	C	-0.48%
OKE	A	-0.48%
BK	A	-0.48%
SPG	A	-0.47%
JCI	C	-0.47%
FTNT	A	-0.46%
PCAR	D	-0.46%
CCI	D	-0.46%
TTD	A	-0.45%
ALL	A	-0.45%
ROST	D	-0.45%
AIG	C	-0.44%
AMP	A	-0.43%
FIS	A	-0.43%
CPRT	B	-0.42%
MSCI	B	-0.42%
GWW	B	-0.42%
LEN	C	-0.41%
CMI	A	-0.41%
LHX	A	-0.41%
PAYX	B	-0.4%
PWR	A	-0.4%
A	B	-0.4%
PRU	B	-0.4%
DASH	A	-0.4%
PEG	A	-0.4%
IDXX	D	-0.39%
PCG	C	-0.39%
F	D	-0.39%
MCHP	F	-0.39%
KMI	A	-0.39%
IQV	F	-0.39%
MPWR	B	-0.39%
LNG	A	-0.38%
FERG	F	-0.38%
RCL	B	-0.38%
STZ	D	-0.38%
EW	F	-0.37%
EXC	C	-0.37%
KVUE	C	-0.37%
HWM	A	-0.37%
FAST	C	-0.37%
CNC	F	-0.36%
IR	A	-0.36%
AME	C	-0.36%
COIN	F	-0.35%
VST	A	-0.35%
DOW	B	-0.35%
SYY	D	-0.35%
SQ	D	-0.34%
HES	D	-0.34%
ODFL	F	-0.34%
DD	C	-0.34%
EXR	D	-0.34%
CBRE	C	-0.34%
VRT	B	-0.33%
EFX	D	-0.33%
NUE	D	-0.33%
GEHC	C	-0.33%
BKR	B	-0.33%
DFS	A	-0.32%
HPQ	B	-0.32%
RMD	C	-0.32%
MLM	F	-0.31%
EIX	C	-0.31%
DDOG	B	-0.31%
IRM	B	-0.31%
VICI	C	-0.31%
CHTR	D	-0.3%
XYL	C	-0.3%
EBAY	A	-0.3%
TRGP	A	-0.3%
DAL	C	-0.3%
VMC	D	-0.3%
VEEV	C	-0.29%
MTD	C	-0.29%
PPG	D	-0.29%
AVB	C	-0.29%
WAB	A	-0.29%
ON	F	-0.29%
PHM	C	-0.28%
CSGP	F	-0.28%
MSTR	B	-0.28%
TSCO	A	-0.28%
LULU	D	-0.28%
ROK	D	-0.28%
ARES	A	-0.27%
MTB	A	-0.27%
FITB	C	-0.27%
NVR	C	-0.27%
CPNG	C	-0.27%
FTV	C	-0.26%
NDAQ	C	-0.26%
BIIB	F	-0.26%
ANSS	D	-0.26%
AWK	D	-0.26%
AXON	A	-0.26%
ADM	F	-0.26%
DXCM	F	-0.25%
CAH	B	-0.25%
IFF	D	-0.25%
ETR	A	-0.25%
GPN	F	-0.24%
VTR	C	-0.24%
SBAC	C	-0.24%
VLTO	A	-0.24%
HPE	B	-0.24%
DOV	C	-0.24%
APP	A	-0.24%
STT	A	-0.24%
WY	C	-0.23%
DECK	B	-0.23%
NET	D	-0.23%
DVN	F	-0.23%
LYB	B	-0.23%
TTWO	D	-0.23%
SW	C	-0.23%
BRO	A	-0.23%
HAL	D	-0.23%
EQR	C	-0.23%
TEAM	D	-0.23%
BLDR	C	-0.22%
STE	D	-0.22%
ES	D	-0.22%
TYL	D	-0.22%
PPL	C	-0.22%
TROW	D	-0.22%
FE	C	-0.21%
WDC	C	-0.21%
WST	D	-0.21%
HUBB	A	-0.21%
RBLX	D	-0.21%
RJF	B	-0.21%
EL	D	-0.21%
BALL	C	-0.2%
LDOS	A	-0.2%
CPAY	A	-0.2%
COO	C	-0.2%
MRNA	F	-0.2%
ZBH	F	-0.2%
PFG	A	-0.19%
CLX	C	-0.19%
CSL	A	-0.19%
ILMN	B	-0.19%
EQT	C	-0.19%
LVS	B	-0.19%
MKC	C	-0.19%
SMCI	F	-0.19%
CINF	A	-0.19%
TER	C	-0.19%
HBAN	B	-0.19%
RF	B	-0.19%
WAT	B	-0.19%
MDB	D	-0.18%
DG	F	-0.18%
DKNG	C	-0.18%
LII	C	-0.18%
PINS	D	-0.18%
J	F	-0.18%
GPC	D	-0.18%
BAX	D	-0.18%
SYF	A	-0.18%
INVH	D	-0.18%
BBY	C	-0.18%
EME	B	-0.18%
TRU	C	-0.18%
DRI	C	-0.18%
OMC	C	-0.18%
EXPD	D	-0.17%
NTRS	B	-0.17%
MAS	C	-0.17%
MAA	D	-0.17%
CCL	C	-0.17%
STLD	C	-0.17%
CFG	C	-0.17%
CNP	B	-0.17%
WBD	F	-0.17%
WSM	C	-0.17%
ZBRA	B	-0.17%
EXPE	B	-0.17%
LH	D	-0.17%
ARE	D	-0.17%
ESS	D	-0.17%
UAL	A	-0.17%
NRG	A	-0.17%
ALGN	D	-0.17%
SUI	D	-0.16%
TPL	A	-0.16%
MANH	A	-0.16%
LPLA	D	-0.16%
ENTG	D	-0.16%
WSO	C	-0.16%
AVTR	D	-0.16%
FDS	C	-0.16%
LUV	B	-0.16%
CTRA	D	-0.16%
AVY	D	-0.16%
APTV	D	-0.16%
SWKS	F	-0.15%
RPM	A	-0.15%
THC	D	-0.15%
PNR	C	-0.15%
SSNC	C	-0.15%
DOC	C	-0.15%
TOL	C	-0.15%
LYV	A	-0.15%
RS	D	-0.15%
PODD	C	-0.15%
IEX	D	-0.15%
AMCR	C	-0.15%
TXT	F	-0.15%
ZM	B	-0.15%
SWK	C	-0.15%
IP	C	-0.15%
BURL	C	-0.15%
GGG	C	-0.14%
MRO	B	-0.14%
TRMB	B	-0.14%
DLTR	F	-0.14%
OC	C	-0.14%
FNF	C	-0.14%
CE	D	-0.14%
SNA	C	-0.14%
PSTG	F	-0.14%
NI	A	-0.14%
NTRA	A	-0.14%
KIM	C	-0.14%
CAG	D	-0.14%
RVTY	C	-0.14%
CF	A	-0.14%
KEY	B	-0.14%
HEI	C	-0.14%
ZS	F	-0.14%
ENPH	F	-0.14%
WPC	C	-0.13%
UHS	D	-0.13%
FLEX	B	-0.13%
USFD	C	-0.13%
BG	F	-0.13%
RNR	A	-0.13%
FIX	A	-0.13%
CASY	D	-0.13%
VTRS	D	-0.13%
ACM	A	-0.13%
POOL	D	-0.13%
RGA	B	-0.13%
EVRG	C	-0.13%
AES	C	-0.13%
JBHT	D	-0.13%
NTNX	C	-0.13%
DT	B	-0.13%
IBKR	A	-0.13%
TECH	D	-0.12%
DOCU	A	-0.12%
BXP	B	-0.12%
HST	D	-0.12%
ALLE	A	-0.12%
ELS	D	-0.12%
SJM	D	-0.12%
JKHY	A	-0.12%
XPO	F	-0.12%
BLD	D	-0.12%
FND	C	-0.12%
GLPI	C	-0.12%
CPT	C	-0.12%
EMN	C	-0.12%
UDR	C	-0.12%
NDSN	C	-0.12%
JBL	C	-0.12%
CCK	C	-0.11%
SAIA	D	-0.11%
TFX	C	-0.11%
SNAP	D	-0.11%
NVT	C	-0.11%
IPG	D	-0.11%
OKTA	F	-0.11%
EQH	B	-0.11%
REG	C	-0.11%
WING	C	-0.11%
DKS	D	-0.11%
PFGC	A	-0.11%
EXAS	C	-0.11%
CLH	B	-0.11%
HOOD	B	-0.11%
KMX	F	-0.11%
AMH	D	-0.11%
TTEK	A	-0.11%
HII	F	-0.1%
LKQ	F	-0.1%
AOS	C	-0.1%
TWLO	B	-0.1%
HEI	C	-0.1%
LECO	D	-0.1%
RRX	B	-0.1%
EPAM	F	-0.1%
WMS	D	-0.1%
SRPT	F	-0.1%
ALB	D	-0.1%
SCI	D	-0.1%
RPRX	D	-0.1%
SOLV	C	-0.09%
DAY	C	-0.09%
CG	B	-0.09%
ALLY	F	-0.09%
WYNN	B	-0.09%
CHDN	C	-0.09%
WTRG	D	-0.09%
MGM	D	-0.09%
LW	D	-0.09%
FOXA	B	-0.09%
QRVO	F	-0.09%
TAP	D	-0.09%
NWSA	D	-0.09%
BJ	B	-0.09%
OVV	D	-0.09%
CRL	F	-0.09%
CNH	C	-0.09%
MEDP	F	-0.08%
CNM	F	-0.08%
PAYC	D	-0.08%
MORN	B	-0.08%
AR	C	-0.08%
UNM	A	-0.08%
CHK	C	-0.08%
MOS	F	-0.08%
APA	F	-0.08%
ACI	F	-0.07%
UHAL	C	-0.07%
DINO	F	-0.07%
DVA	C	-0.07%
WBA	F	-0.06%
BRKR	D	-0.06%
BSY	D	-0.06%
U	D	-0.06%
FOX	B	-0.05%
WLK	C	-0.05%
CELH	F	-0.05%
PCOR	D	-0.05%
SIRI	C	-0.05%
SNX	C	-0.05%
BEN	F	-0.05%
NWS	D	-0.03%
PAG	D	-0.03%
COTY	F	-0.03%
FWONA	C	-0.02%
LEN	C	-0.02%
AGR	C	-0.02%
UHAL	C	-0.01%
ALAB	C	-0.01%