USMV vs. IWP ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to iShares Russell Midcap Growth ETF (IWP)

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

$92.65

Average Daily Volume

1,756,285

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

IWP

iShares Russell Midcap Growth ETF

IWP Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. 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 Midcap Growth Index (the "underlying index"), which measures the performance of the mid-capitalization growth sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$129.98

Average Daily Volume

929,891

Number of Holdings ^*

286

* may have additional holdings in another (foreign) market

Performance

Period	USMV	IWP
30 Days	0.56%	7.18%
60 Days	2.43%	15.09%
90 Days	5.59%	16.96%
12 Months	26.81%	39.28%

26 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in IWP	Overlap
AJG	A	1.25%	0.14%	0.14%
ALNY	D	0.25%	1.0%	0.25%
BAH	C	0.5%	0.75%	0.5%
BR	A	0.05%	0.77%	0.05%
CDW	F	0.4%	0.43%	0.4%
COR	A	0.67%	1.32%	0.67%
DPZ	C	0.19%	0.18%	0.18%
EG	D	0.42%	0.08%	0.08%
FICO	B	0.59%	1.5%	0.59%
FWONK	A	0.31%	0.19%	0.19%
GDDY	A	0.92%	0.8%	0.8%
HSY	D	0.3%	0.11%	0.11%
HUBS	B	0.23%	1.03%	0.23%
INCY	B	0.61%	0.03%	0.03%
IT	A	0.36%	1.32%	0.36%
MKL	A	0.33%	0.16%	0.16%
MOH	F	0.21%	0.39%	0.21%
NBIX	C	0.33%	0.4%	0.33%
NTAP	D	0.22%	0.37%	0.22%
PTC	B	0.51%	0.44%	0.44%
ROL	B	0.36%	0.45%	0.36%
TW	C	0.19%	0.19%	0.19%
ULTA	C	0.05%	0.51%	0.05%
VRSK	A	0.42%	1.3%	0.42%
VRSN	C	0.64%	0.03%	0.03%
YUM	B	0.51%	0.47%	0.47%

USMV Overweight 144 Positions Relative to IWP

Symbol	Grade	Weight
TMUS	A	1.92%
MSI	B	1.83%
WMT	A	1.7%
PGR	A	1.68%
IBM	C	1.65%
RSG	A	1.52%
WCN	A	1.5%
BRK.A	B	1.5%
NOC	C	1.5%
TXN	C	1.49%
DUK	D	1.46%
CSCO	A	1.46%
APH	B	1.46%
WM	A	1.44%
CB	C	1.42%
UNH	B	1.4%
LLY	F	1.39%
SO	D	1.33%
MCK	A	1.32%
MSFT	C	1.32%
ROP	A	1.31%
AVGO	C	1.29%
ORCL	A	1.28%
VZ	C	1.27%
ACN	C	1.26%
MCD	C	1.25%
ABBV	D	1.22%
PG	C	1.18%
JNJ	D	1.17%
ED	D	1.12%
MMC	C	1.11%
TRV	B	1.11%
MRK	F	1.06%
PEP	D	1.05%
GILD	C	1.01%
AZO	C	0.96%
AAPL	C	0.96%
V	A	0.86%
LMT	C	0.85%
FCNCA	B	0.84%
EA	A	0.83%
CBOE	D	0.8%
K	A	0.79%
VRTX	B	0.78%
CTSH	A	0.78%
WEC	B	0.75%
T	A	0.72%
NOW	A	0.72%
ACGL	D	0.71%
MA	B	0.69%
ORLY	A	0.67%
AMGN	F	0.67%
GIS	F	0.67%
TSN	C	0.66%
NVDA	B	0.66%
FI	A	0.66%
REGN	F	0.64%
KDP	D	0.61%
KR	A	0.61%
TDY	A	0.58%
KEYS	C	0.58%
BDX	D	0.57%
FFIV	A	0.55%
ELV	F	0.54%
FANG	D	0.54%
AON	A	0.53%
MPC	D	0.52%
CME	A	0.51%
JNPR	D	0.48%
NEM	F	0.47%
MDLZ	F	0.45%
UBER	F	0.45%
XOM	B	0.45%
XEL	A	0.44%
BMY	B	0.44%
TJX	B	0.43%
WDAY	B	0.42%
ERIE	F	0.42%
HUM	D	0.41%
KHC	F	0.4%
CL	F	0.4%
CMCSA	B	0.39%
AKAM	F	0.39%
WTW	A	0.38%
AEP	D	0.38%
CTVA	C	0.37%
CHD	B	0.37%
GEN	A	0.35%
CPB	F	0.34%
AFG	A	0.34%
CVX	B	0.33%
GRMN	A	0.33%
GLW	C	0.31%
ANET	C	0.3%
AIZ	A	0.3%
WRB	B	0.3%
WMB	B	0.29%
HD	B	0.29%
ICE	D	0.27%
L	A	0.27%
ADI	F	0.24%
AZPN	A	0.23%
HON	B	0.23%
AEE	A	0.23%
BMRN	F	0.23%
D	D	0.22%
PFE	F	0.21%
PKG	B	0.2%
CI	D	0.2%
KMB	F	0.2%
HRL	F	0.2%
CMS	C	0.19%
DTE	D	0.19%
SNPS	B	0.19%
EOG	A	0.17%
STX	D	0.17%
MELI	D	0.17%
CDNS	B	0.17%
CRWD	B	0.17%
HOLX	D	0.16%
GOOG	B	0.16%
LIN	D	0.16%
UTHR	B	0.15%
AMZN	A	0.14%
MDT	D	0.13%
HIG	C	0.12%
OXY	D	0.12%
DELL	B	0.11%
KO	F	0.1%
DGX	A	0.1%
RTX	C	0.09%
ABT	C	0.09%
ADP	A	0.09%
LNT	C	0.09%
KNX	B	0.07%
TEL	B	0.07%
GD	A	0.06%
FSLR	F	0.06%
OTIS	C	0.06%
VLO	D	0.05%
CRM	B	0.05%
PSX	D	0.05%
ATO	A	0.05%
CVS	F	0.04%

USMV Underweight 260 Positions Relative to IWP

Symbol	Grade	Weight
PLTR	B	-3.76%
APP	B	-2.43%
TTD	B	-1.77%
AMP	A	-1.61%
VST	B	-1.56%
GWW	B	-1.45%
COIN	B	-1.44%
VRT	B	-1.44%
ODFL	B	-1.42%
AXON	B	-1.39%
TRGP	B	-1.35%
FAST	A	-1.29%
DDOG	B	-1.19%
IDXX	D	-1.14%
MPWR	F	-1.14%
VEEV	B	-1.11%
TSCO	C	-1.0%
ARES	B	-1.0%
HLT	A	-1.0%
DXCM	C	-0.9%
CPNG	B	-0.9%
NET	B	-0.88%
RBLX	B	-0.86%
MSCI	B	-0.85%
DECK	B	-0.85%
TPL	B	-0.83%
HES	C	-0.82%
CPAY	A	-0.8%
SYY	B	-0.77%
LNG	B	-0.77%
LPLA	B	-0.74%
EXPE	B	-0.73%
TYL	B	-0.72%
MDB	C	-0.66%
CLX	A	-0.66%
LII	B	-0.65%
IRM	D	-0.64%
LYV	B	-0.62%
PODD	B	-0.6%
RCL	A	-0.59%
DKNG	B	-0.58%
LVS	C	-0.57%
ZS	B	-0.57%
MANH	C	-0.56%
CAH	A	-0.56%
XPO	B	-0.56%
SQ	B	-0.56%
PINS	F	-0.56%
PAYX	B	-0.55%
HEI	B	-0.53%
TOST	A	-0.53%
BURL	C	-0.53%
DOCU	B	-0.52%
FIX	B	-0.52%
TER	F	-0.51%
ENTG	D	-0.51%
DT	C	-0.5%
NTRA	B	-0.49%
PWR	B	-0.47%
SPG	B	-0.47%
WST	B	-0.46%
URI	B	-0.45%
PSTG	D	-0.45%
WAT	A	-0.44%
POOL	D	-0.44%
TXRH	A	-0.42%
EQH	B	-0.41%
SMCI	F	-0.39%
NCLH	B	-0.38%
VLTO	C	-0.38%
BRO	A	-0.38%
DUOL	B	-0.38%
HEI	B	-0.37%
OWL	B	-0.37%
CAVA	B	-0.36%
ROST	F	-0.35%
SRPT	F	-0.35%
DRI	B	-0.34%
WING	D	-0.32%
VMC	B	-0.32%
RMD	C	-0.32%
KNSL	C	-0.32%
CHDN	C	-0.32%
MUSA	B	-0.31%
ALGN	F	-0.31%
WSM	F	-0.31%
PCTY	A	-0.3%
MEDP	C	-0.3%
CVNA	B	-0.3%
LNW	F	-0.3%
MORN	B	-0.3%
ITCI	C	-0.3%
EME	B	-0.3%
AAON	B	-0.3%
TPX	B	-0.29%
EXEL	B	-0.28%
PEN	B	-0.28%
HPQ	B	-0.28%
ENPH	F	-0.28%
SAIA	B	-0.27%
ALL	A	-0.26%
NRG	B	-0.26%
HAS	D	-0.25%
EXP	B	-0.25%
TREX	C	-0.25%
PCOR	B	-0.24%
SMAR	A	-0.24%
DVA	C	-0.24%
ESTC	C	-0.23%
GTLB	B	-0.23%
VKTX	D	-0.23%
GWRE	A	-0.23%
RYAN	A	-0.23%
GLOB	B	-0.23%
PAYC	B	-0.23%
BSY	F	-0.22%
LSCC	D	-0.21%
FDS	A	-0.21%
ELF	C	-0.21%
CFLT	B	-0.21%
EFX	D	-0.21%
FOUR	B	-0.2%
AVY	F	-0.2%
WFRD	D	-0.2%
LAZ	C	-0.19%
OKTA	C	-0.18%
GNRC	B	-0.18%
CNM	D	-0.18%
VVV	B	-0.18%
MTN	D	-0.18%
IONS	F	-0.18%
INSP	F	-0.18%
APPF	B	-0.17%
NTNX	B	-0.16%
LPX	B	-0.16%
PATH	C	-0.16%
CELH	F	-0.16%
RARE	D	-0.15%
AZEK	B	-0.15%
OLED	F	-0.14%
ZBRA	A	-0.14%
LYFT	B	-0.14%
IQV	F	-0.14%
PLNT	A	-0.14%
JLL	C	-0.13%
BRKR	F	-0.13%
ETSY	C	-0.13%
WMS	F	-0.12%
MASI	B	-0.12%
EXAS	F	-0.12%
FIVE	F	-0.12%
HCP	A	-0.12%
LW	C	-0.12%
FND	F	-0.12%
RPM	A	-0.12%
PEGA	A	-0.12%
LECO	C	-0.11%
CHH	B	-0.11%
JEF	A	-0.11%
GEHC	F	-0.11%
TWLO	A	-0.1%
RNG	B	-0.1%
APLS	F	-0.1%
LBRDK	C	-0.09%
MSTR	B	-0.09%
TTEK	C	-0.09%
FIVN	C	-0.09%
U	F	-0.09%
EXPD	D	-0.09%
CSL	B	-0.09%
FERG	B	-0.09%
HWM	A	-0.09%
LAMR	D	-0.09%
ROK	B	-0.09%
TDC	D	-0.09%
UHAL	C	-0.09%
CE	F	-0.08%
SITE	D	-0.08%
CASY	B	-0.08%
BROS	B	-0.07%
NXST	C	-0.07%
PR	C	-0.07%
WSC	F	-0.07%
MLM	B	-0.07%
SOFI	B	-0.07%
NCNO	B	-0.07%
CACC	D	-0.07%
ONTO	F	-0.07%
AWI	B	-0.07%
BWXT	A	-0.07%
FRPT	B	-0.07%
PFGC	B	-0.06%
BILL	A	-0.06%
BLDR	D	-0.06%
DBX	B	-0.06%
AM	B	-0.06%
CLF	D	-0.06%
ALLY	C	-0.05%
CIVI	F	-0.05%
EQT	B	-0.05%
DV	C	-0.05%
HRB	D	-0.05%
VNOM	C	-0.05%
LOPE	B	-0.05%
WEN	C	-0.05%
TXG	F	-0.04%
CROX	F	-0.04%
RGEN	C	-0.04%
DJT	D	-0.04%
TRU	D	-0.04%
S	B	-0.04%
JBL	C	-0.04%
DAY	C	-0.04%
TKO	D	-0.04%
SN	C	-0.04%
TPG	B	-0.04%
ROKU	C	-0.04%
EPAM	B	-0.03%
KBR	B	-0.03%
KMX	C	-0.03%
CHE	D	-0.03%
LOAR	C	-0.03%
HLI	B	-0.03%
BLD	F	-0.03%
RH	C	-0.03%
YETI	C	-0.03%
H	B	-0.03%
BFAM	F	-0.03%
DKS	F	-0.03%
SPR	F	-0.02%
MTDR	C	-0.02%
DOCS	B	-0.02%
SAM	B	-0.02%
UI	B	-0.02%
CAR	C	-0.02%
FWONA	A	-0.02%
WYNN	F	-0.02%
WH	A	-0.02%
AAL	B	-0.02%
BPOP	C	-0.02%
SKX	F	-0.02%
WEX	D	-0.02%
SSD	D	-0.02%
FTRE	D	-0.01%
PPC	B	-0.01%
CC	C	-0.01%
UHAL	C	-0.01%
SEE	C	-0.01%
NFE	F	-0.01%
IRDM	C	-0.01%
MSGS	C	-0.01%
LBRDA	C	-0.01%
CGNX	C	-0.01%
UWMC	F	-0.01%
RLI	A	-0.01%
WU	F	-0.01%
MKSI	C	-0.01%
ALAB	B	-0.0%
TRIP	D	-0.0%
PYCR	B	-0.0%