USMV vs. JEPQ ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ)

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

$91.28

Average Daily Volume

2,252,407

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

JEPQ

J.P. Morgan Nasdaq Equity Premium Income ETF

JEPQ Description

J.P. Morgan Nasdaq Equity Premium Income ETF its a fund to list on the Nasdaq, is an active equity ETF that seeks to deliver an attractive distributable yield while also delivering a significant portion of the returns associated with the fund’s primary benchmark, the Nasdaq-100 Index, with less volatility. This Fund was built for investors that are seeking income while also owning companies that provide exposure to Nasdaq's innovative marketplace. This strategy benefits from the intentionality of an active manager while being delivered through the ETF technology.

Grade (RS Rating)

Last Trade

$54.42

Average Daily Volume

3,074,148

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USMV	JEPQ
30 Days	1.97%	2.07%
60 Days	6.57%	1.47%
90 Days	8.42%	-0.46%
12 Months	23.92%	23.99%

39 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in JEPQ	Overlap
AAPL	C	0.97%	7.47%	0.97%
ABBV	C	1.22%	0.53%	0.53%
ADI	C	0.25%	0.97%	0.25%
AMGN	B	0.7%	0.48%	0.48%
AMZN	C	0.12%	4.45%	0.12%
AVGO	C	1.21%	3.65%	1.21%
BMY	C	0.41%	0.25%	0.25%
CMCSA	D	0.36%	0.99%	0.36%
CRWD	D	0.14%	0.37%	0.14%
CSCO	C	1.29%	0.9%	0.9%
CTSH	C	0.77%	0.13%	0.13%
FANG	D	0.53%	0.29%	0.29%
GOOG	D	0.14%	3.7%	0.14%
HON	D	0.22%	0.67%	0.22%
HUBS	D	0.18%	0.24%	0.18%
KHC	C	0.44%	0.31%	0.31%
KO	C	0.11%	0.51%	0.11%
LIN	B	0.17%	1.01%	0.17%
MA	B	0.67%	0.32%	0.32%
MDLZ	B	0.52%	0.76%	0.52%
MELI	B	0.2%	0.7%	0.2%
MSFT	C	1.38%	7.0%	1.38%
NOW	B	0.65%	0.39%	0.39%
NVDA	D	0.54%	6.66%	0.54%
ORCL	C	1.12%	0.38%	0.38%
ORLY	C	0.63%	0.61%	0.61%
PEP	C	1.15%	0.87%	0.87%
REGN	C	0.92%	1.09%	0.92%
SNPS	F	0.17%	0.76%	0.17%
SO	B	1.37%	0.35%	0.35%
STX	C	0.17%	0.32%	0.17%
TMUS	C	1.7%	1.04%	1.04%
TXN	C	1.38%	0.87%	0.87%
UBER	C	0.47%	0.26%	0.26%
UNH	C	1.38%	0.34%	0.34%
VRSK	D	0.4%	0.41%	0.4%
VRTX	D	0.75%	0.91%	0.75%
WDAY	D	0.42%	0.27%	0.27%
XEL	B	0.42%	0.34%	0.34%

USMV Overweight 131 Positions Relative to JEPQ

Symbol	Grade	Weight
IBM	B	1.7%
PGR	B	1.68%
WMT	C	1.66%
MSI	B	1.64%
LLY	C	1.58%
DUK	C	1.55%
WCN	D	1.55%
NOC	B	1.52%
RSG	D	1.52%
CB	B	1.5%
BRK.A	C	1.49%
VZ	B	1.44%
WM	D	1.37%
ROP	C	1.31%
APH	D	1.29%
AJG	D	1.29%
ACN	C	1.28%
JNJ	C	1.28%
MCD	B	1.27%
PG	C	1.26%
MRK	D	1.22%
ED	C	1.22%
MMC	C	1.16%
MCK	F	1.14%
TRV	C	1.05%
AZO	D	0.99%
GILD	B	0.89%
LMT	C	0.88%
CBOE	C	0.87%
V	C	0.83%
K	B	0.81%
GDDY	C	0.81%
ACGL	C	0.8%
EA	D	0.78%
GIS	B	0.77%
WEC	C	0.75%
FCNCA	D	0.73%
ELV	C	0.72%
T	C	0.71%
KDP	B	0.71%
TSN	C	0.69%
COR	D	0.66%
VRSN	D	0.65%
KR	C	0.59%
BDX	D	0.59%
NEM	B	0.58%
FI	A	0.57%
MPC	F	0.56%
KEYS	C	0.54%
ERIE	B	0.52%
TDY	B	0.52%
CME	C	0.51%
YUM	D	0.51%
FFIV	B	0.49%
AON	B	0.49%
JNPR	B	0.49%
INCY	C	0.48%
FICO	B	0.48%
CL	D	0.47%
HUM	F	0.47%
PTC	D	0.47%
AKAM	D	0.45%
CDW	D	0.45%
TJX	B	0.45%
EG	C	0.45%
BAH	C	0.44%
XOM	C	0.43%
AEP	C	0.42%
CPB	C	0.39%
CTVA	B	0.37%
ROL	C	0.37%
CHD	D	0.37%
WTW	C	0.36%
HSY	C	0.35%
AFG	B	0.34%
IT	B	0.34%
NBIX	F	0.33%
MKL	C	0.32%
GEN	B	0.32%
WRB	C	0.3%
CVX	D	0.3%
BMRN	F	0.3%
ICE	C	0.29%
FWONK	C	0.29%
HD	B	0.28%
AIZ	B	0.28%
GLW	C	0.28%
L	C	0.27%
GRMN	D	0.27%
ANET	B	0.27%
ALNY	C	0.25%
PFE	C	0.24%
MOH	D	0.23%
D	C	0.23%
CI	C	0.23%
WMB	B	0.23%
HRL	C	0.22%
AEE	C	0.22%
KMB	D	0.22%
DTE	C	0.21%
NTAP	D	0.21%
AZPN	B	0.21%
CMS	C	0.2%
PKG	B	0.18%
HOLX	C	0.17%
TW	B	0.17%
DPZ	F	0.17%
CDNS	D	0.16%
EOG	D	0.15%
MDT	C	0.14%
OXY	F	0.13%
UTHR	C	0.13%
HIG	B	0.12%
LNT	B	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	F	0.06%
GD	B	0.06%
KNX	C	0.06%
OTIS	C	0.06%
ULTA	D	0.05%
VLO	F	0.05%
CVS	D	0.05%
BR	D	0.05%
ATO	B	0.05%
CRM	D	0.04%

USMV Underweight 48 Positions Relative to JEPQ

Symbol	Grade	Weight
META	B	-4.2%
TSLA	C	-2.21%
NFLX	B	-1.83%
COST	B	-1.69%
AMD	D	-1.53%
INTU	C	-1.34%
ADBE	F	-1.28%
ISRG	B	-1.23%
BKNG	C	-1.04%
QCOM	D	-0.95%
PANW	D	-0.9%
LRCX	F	-0.78%
NXPI	F	-0.65%
MU	F	-0.65%
ASML	F	-0.61%
CSX	D	-0.6%
AMAT	D	-0.53%
MRVL	C	-0.52%
CPRT	D	-0.51%
MAR	C	-0.5%
LOW	B	-0.41%
SBUX	C	-0.41%
NEE	C	-0.39%
MNST	D	-0.38%
ETN	C	-0.38%
CMG	C	-0.38%
STZ	D	-0.33%
TTWO	C	-0.33%
TMO	B	-0.29%
BIIB	F	-0.27%
INTC	F	-0.27%
DXCM	F	-0.26%
DE	B	-0.26%
CHTR	D	-0.25%
ROST	C	-0.24%
PLD	C	-0.24%
PYPL	B	-0.23%
CPAY	B	-0.21%
TER	D	-0.21%
DASH	C	-0.19%
MDB	D	-0.18%
UPS	D	-0.16%
TTD	B	-0.14%
ABNB	D	-0.11%
DLTR	F	-0.11%
ANSS	D	-0.09%
LULU	D	-0.09%
SMCI	F	-0.07%