USMV vs. IWB ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to iShares Russell 1000 ETF (IWB)

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

$90.84

Average Daily Volume

2,245,458

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

IWB

iShares Russell 1000 ETF

IWB Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities. 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. It seeks to track the investment results of the Russell 1000Â® Index (the "underlying index"), which measures the performance of large- and mid-capitalization sectors of the U.S. equity market.

Grade (RS Rating)

Last Trade

$307.82

Average Daily Volume

779,859

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USMV	IWB
30 Days	1.55%	0.48%
60 Days	6.06%	2.42%
90 Days	7.99%	3.40%
12 Months	23.39%	27.68%

8 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in IWB	Overlap
AAPL	D	0.97%	6.41%	0.97%
AMZN	C	0.12%	3.19%	0.12%
AVGO	C	1.21%	1.42%	1.21%
BRK.A	C	1.49%	1.68%	1.49%
GOOG	D	0.14%	1.56%	0.14%
LLY	C	1.58%	1.57%	1.57%
MSFT	C	1.38%	5.97%	1.38%
NVDA	D	0.54%	5.46%	0.54%

USMV Overweight 162 Positions Relative to IWB

Symbol	Grade	Weight
TMUS	C	1.7%
IBM	B	1.7%
PGR	A	1.68%
WMT	B	1.66%
MSI	C	1.64%
DUK	C	1.55%
WCN	D	1.55%
NOC	B	1.52%
RSG	D	1.52%
CB	B	1.5%
VZ	B	1.44%
TXN	C	1.38%
UNH	C	1.38%
SO	B	1.37%
WM	D	1.37%
ROP	C	1.31%
CSCO	B	1.29%
APH	D	1.29%
AJG	C	1.29%
ACN	C	1.28%
JNJ	B	1.28%
MCD	C	1.27%
PG	C	1.26%
ABBV	C	1.22%
MRK	D	1.22%
ED	C	1.22%
MMC	C	1.16%
PEP	C	1.15%
MCK	F	1.14%
ORCL	B	1.12%
TRV	B	1.05%
AZO	D	0.99%
REGN	C	0.92%
GILD	B	0.89%
LMT	C	0.88%
CBOE	C	0.87%
V	B	0.83%
K	A	0.81%
GDDY	C	0.81%
ACGL	B	0.8%
EA	D	0.78%
CTSH	C	0.77%
GIS	B	0.77%
VRTX	D	0.75%
WEC	B	0.75%
FCNCA	D	0.73%
ELV	C	0.72%
T	B	0.71%
KDP	A	0.71%
AMGN	B	0.7%
TSN	C	0.69%
MA	B	0.67%
COR	D	0.66%
NOW	A	0.65%
VRSN	D	0.65%
ORLY	B	0.63%
KR	B	0.59%
BDX	F	0.59%
NEM	B	0.58%
FI	A	0.57%
MPC	D	0.56%
KEYS	C	0.54%
FANG	D	0.53%
ERIE	A	0.52%
MDLZ	B	0.52%
TDY	C	0.52%
CME	C	0.51%
YUM	D	0.51%
FFIV	A	0.49%
AON	B	0.49%
JNPR	A	0.49%
INCY	C	0.48%
FICO	A	0.48%
CL	C	0.47%
HUM	F	0.47%
UBER	C	0.47%
PTC	D	0.47%
AKAM	D	0.45%
CDW	D	0.45%
TJX	C	0.45%
EG	B	0.45%
KHC	C	0.44%
BAH	B	0.44%
XOM	D	0.43%
WDAY	D	0.42%
AEP	B	0.42%
XEL	A	0.42%
BMY	C	0.41%
VRSK	D	0.4%
CPB	B	0.39%
CTVA	B	0.37%
ROL	C	0.37%
CHD	C	0.37%
WTW	B	0.36%
CMCSA	D	0.36%
HSY	C	0.35%
AFG	B	0.34%
IT	B	0.34%
NBIX	F	0.33%
MKL	C	0.32%
GEN	A	0.32%
WRB	C	0.3%
CVX	D	0.3%
BMRN	F	0.3%
ICE	B	0.29%
FWONK	D	0.29%
HD	B	0.28%
AIZ	B	0.28%
GLW	B	0.28%
L	B	0.27%
GRMN	D	0.27%
ANET	B	0.27%
ALNY	B	0.25%
ADI	D	0.25%
PFE	C	0.24%
MOH	C	0.23%
D	C	0.23%
CI	C	0.23%
WMB	B	0.23%
HON	D	0.22%
HRL	C	0.22%
AEE	B	0.22%
KMB	D	0.22%
DTE	B	0.21%
NTAP	D	0.21%
AZPN	A	0.21%
MELI	B	0.2%
CMS	A	0.2%
HUBS	D	0.18%
PKG	B	0.18%
SNPS	D	0.17%
HOLX	B	0.17%
STX	D	0.17%
TW	A	0.17%
LIN	B	0.17%
DPZ	F	0.17%
CDNS	D	0.16%
EOG	D	0.15%
CRWD	F	0.14%
MDT	C	0.14%
OXY	F	0.13%
UTHR	C	0.13%
HIG	A	0.12%
KO	B	0.11%
LNT	A	0.1%
DELL	D	0.1%
DGX	B	0.1%
RTX	C	0.09%
ABT	C	0.09%
ADP	B	0.08%
TEL	D	0.07%
FSLR	C	0.07%
PSX	D	0.06%
GD	B	0.06%
KNX	C	0.06%
OTIS	D	0.06%
ULTA	D	0.05%
VLO	D	0.05%
CVS	D	0.05%
BR	D	0.05%
ATO	B	0.05%
CRM	D	0.04%

USMV Underweight 2 Positions Relative to IWB

	Symbol	Grade	Weight
	META	A	-2.2%
	GOOGL	D	-1.85%