USMV vs. JEPI ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to JPMorgan Equity Premium Income ETF (JEPI)

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

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

JEPI

JPMorgan Equity Premium Income ETF

JEPI Description

The investment seeks current income while maintaining prospects for capital appreciation. The fund seeks to provide the majority of the returns associated with its primary benchmark, the Standard & Poor's 500 Total Return Index (S&P 500 Index), while exposing investors to less risk through lower volatility and still offering incremental income. Under normal circumstances, the fund invests at least 80% of its assets in equity securities. It may also invest in other equity securities not included in the S&P 500 Index.

Grade (RS Rating)

Last Trade

$60.16

Average Daily Volume

2,893,017

Number of Holdings ^*

117

* may have additional holdings in another (foreign) market

Performance

Period	USMV	JEPI
30 Days	1.70%	1.71%
60 Days	2.42%	2.75%
90 Days	4.02%	5.60%
12 Months	25.63%	13.92%

57 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in JEPI	Overlap
AAPL	C	0.99%	0.67%	0.67%
ABBV	D	1.04%	1.28%	1.04%
ABT	B	0.09%	0.63%	0.09%
ACN	C	1.29%	0.84%	0.84%
ADI	D	0.23%	1.16%	0.23%
AJG	B	1.27%	0.21%	0.21%
AMZN	C	0.14%	1.61%	0.14%
AON	A	0.53%	0.26%	0.26%
AZO	C	0.98%	0.8%	0.8%
BMY	B	0.49%	1.02%	0.49%
BRK.A	B	1.55%	0.71%	0.71%
CB	C	1.47%	0.42%	0.42%
CDNS	B	0.18%	0.36%	0.18%
CHD	B	0.4%	0.72%	0.4%
CMCSA	B	0.39%	1.34%	0.39%
CME	A	0.53%	1.18%	0.53%
CMS	C	0.19%	0.57%	0.19%
CRM	B	0.05%	0.93%	0.05%
CTSH	B	0.76%	0.83%	0.76%
D	C	0.23%	0.18%	0.18%
DTE	C	0.2%	0.1%	0.1%
ELV	F	0.52%	0.36%	0.36%
EOG	A	0.17%	0.9%	0.17%
FI	A	0.69%	0.83%	0.69%
HON	B	0.25%	1.42%	0.25%
JNJ	D	1.18%	0.4%	0.4%
KEYS	A	0.55%	0.18%	0.18%
KO	D	0.1%	1.04%	0.1%
LIN	D	0.16%	1.01%	0.16%
LLY	F	1.25%	0.75%	0.75%
MA	C	0.7%	1.59%	0.7%
MCD	D	1.25%	0.61%	0.61%
MDLZ	F	0.44%	1.14%	0.44%
MDT	D	0.13%	0.6%	0.13%
MMC	B	1.11%	0.17%	0.17%
MRK	F	1.01%	0.28%	0.28%
MSFT	F	1.34%	1.41%	1.34%
MSI	B	1.81%	0.32%	0.32%
NOC	D	1.43%	0.13%	0.13%
NOW	A	0.75%	1.63%	0.75%
NVDA	C	0.67%	1.61%	0.67%
OTIS	C	0.07%	0.93%	0.07%
PEP	F	1.01%	1.26%	1.01%
PG	A	1.23%	1.13%	1.13%
PGR	A	1.67%	1.68%	1.67%
REGN	F	0.59%	0.93%	0.59%
RTX	C	0.09%	0.57%	0.09%
SO	D	1.35%	1.52%	1.35%
STX	D	0.16%	0.35%	0.16%
TRV	B	1.15%	1.03%	1.03%
TXN	C	1.39%	1.16%	1.16%
UNH	C	1.34%	1.32%	1.32%
V	A	0.9%	1.49%	0.9%
VRTX	F	0.69%	1.17%	0.69%
WMT	A	1.78%	0.65%	0.65%
XOM	B	0.45%	0.95%	0.45%
YUM	B	0.5%	1.17%	0.5%

USMV Overweight 113 Positions Relative to JEPI

Symbol	Grade	Weight
TMUS	B	1.95%
IBM	C	1.66%
WCN	A	1.56%
RSG	A	1.55%
DUK	C	1.49%
CSCO	B	1.47%
APH	A	1.44%
WM	A	1.44%
VZ	C	1.35%
MCK	B	1.35%
ORCL	B	1.31%
ROP	B	1.3%
AVGO	D	1.19%
ED	D	1.13%
GDDY	A	1.0%
GILD	C	0.94%
EA	A	0.89%
FCNCA	A	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%
ORLY	B	0.68%
ACGL	D	0.68%
COR	B	0.67%
GIS	D	0.66%
VRSN	F	0.64%
KR	B	0.61%
AMGN	D	0.59%
FICO	B	0.59%
KDP	D	0.59%
TDY	B	0.57%
BDX	F	0.56%
FANG	D	0.55%
FFIV	B	0.55%
MPC	D	0.54%
INCY	C	0.53%
PTC	A	0.52%
XEL	A	0.46%
NEM	D	0.46%
UBER	D	0.45%
JNPR	F	0.45%
TJX	A	0.45%
WDAY	B	0.43%
EG	C	0.43%
ERIE	D	0.42%
VRSK	A	0.42%
CL	D	0.41%
HUM	C	0.4%
BAH	F	0.39%
AEP	D	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%
GEN	B	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	B	0.31%
HSY	F	0.3%
HD	A	0.3%
ANET	C	0.29%
ICE	C	0.28%
L	A	0.28%
AEE	A	0.24%
HUBS	A	0.24%
AZPN	A	0.23%
ALNY	D	0.22%
NTAP	C	0.22%
BMRN	D	0.22%
HRL	D	0.21%
CI	F	0.21%
KMB	D	0.21%
TW	A	0.2%
PKG	A	0.2%
PFE	D	0.2%
DPZ	C	0.19%
CRWD	B	0.19%
MELI	D	0.18%
MOH	F	0.18%
SNPS	B	0.18%
HOLX	D	0.16%
GOOG	C	0.16%
UTHR	C	0.14%
DELL	C	0.12%
HIG	B	0.12%
OXY	D	0.12%
DGX	A	0.11%
LNT	A	0.1%
ADP	B	0.09%
TEL	B	0.07%
ATO	A	0.06%
PSX	C	0.06%
FSLR	F	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 60 Positions Relative to JEPI

Symbol	Grade	Weight
TT	A	-1.73%
META	D	-1.5%
GOOGL	C	-1.38%
LOW	D	-1.36%
NEE	D	-1.35%
SYK	C	-1.29%
NXPI	D	-1.21%
TMO	F	-1.21%
ETN	A	-1.16%
COST	B	-1.13%
ROST	C	-0.99%
INTU	C	-0.91%
EQIX	A	-0.91%
COP	C	-0.89%
UPS	C	-0.86%
AXP	A	-0.81%
CSX	B	-0.81%
EMR	A	-0.8%
CMG	B	-0.8%
BKNG	A	-0.8%
MNST	C	-0.77%
SBAC	D	-0.75%
CPAY	A	-0.75%
PEG	A	-0.73%
DE	A	-0.62%
AMP	A	-0.54%
PLD	D	-0.48%
MRVL	B	-0.46%
BSX	B	-0.46%
ASML	F	-0.45%
TDG	D	-0.41%
PCG	A	-0.41%
TXT	D	-0.41%
PM	B	-0.39%
JKHY	D	-0.39%
FDX	B	-0.38%
IR	B	-0.37%
CARR	D	-0.36%
BURL	A	-0.36%
BAC	A	-0.34%
DOW	F	-0.32%
MET	A	-0.32%
URI	B	-0.32%
DHR	F	-0.31%
MU	D	-0.3%
PPG	F	-0.29%
LDOS	C	-0.28%
AMT	D	-0.26%
USB	A	-0.26%
HWM	A	-0.23%
KVUE	A	-0.22%
UNP	C	-0.21%
MO	A	-0.21%
LYB	F	-0.18%
WELL	A	-0.17%
AME	A	-0.17%
GWW	B	-0.14%
DOV	A	-0.12%
ETR	B	-0.1%
ELS	C	-0.04%