USMV vs. JMOM ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to JPMorgan U.S. Momentum Factor ETF (JMOM)

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

JMOM

JPMorgan U.S. Momentum Factor ETF

JMOM Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Momentum Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent positive momentum factor characteristics.

Grade (RS Rating)

Last Trade

$60.97

Average Daily Volume

48,194

Number of Holdings ^*

271

* may have additional holdings in another (foreign) market

Performance

Period	USMV	JMOM
30 Days	1.70%	5.45%
60 Days	2.42%	7.40%
90 Days	4.02%	9.79%
12 Months	25.63%	41.42%

73 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in JMOM	Overlap
AAPL	C	0.99%	1.8%	0.99%
ABBV	D	1.04%	1.04%	1.04%
ACGL	D	0.68%	0.26%	0.26%
ADI	D	0.23%	0.51%	0.23%
AJG	B	1.27%	0.36%	0.36%
AMZN	C	0.14%	0.61%	0.14%
ANET	C	0.29%	0.53%	0.29%
APH	A	1.44%	0.48%	0.48%
AVGO	D	1.19%	2.1%	1.19%
AZO	C	0.98%	0.34%	0.34%
BAH	F	0.39%	0.23%	0.23%
BR	A	0.05%	0.02%	0.02%
BRK.A	B	1.55%	1.8%	1.55%
CB	C	1.47%	0.53%	0.53%
CBOE	B	0.85%	0.24%	0.24%
CHD	B	0.4%	0.24%	0.24%
CL	D	0.41%	0.4%	0.4%
COR	B	0.67%	0.31%	0.31%
CRM	B	0.05%	1.21%	0.05%
CRWD	B	0.19%	0.51%	0.19%
DELL	C	0.12%	0.35%	0.12%
ED	D	1.13%	0.21%	0.21%
FANG	D	0.55%	0.28%	0.28%
FCNCA	A	0.88%	0.06%	0.06%
FFIV	B	0.55%	0.26%	0.26%
FI	A	0.69%	0.26%	0.26%
FICO	B	0.59%	0.41%	0.41%
GD	F	0.05%	0.39%	0.05%
GDDY	A	1.0%	0.31%	0.31%
GEN	B	0.35%	0.26%	0.26%
GLW	B	0.31%	0.32%	0.31%
HD	A	0.3%	1.37%	0.3%
HIG	B	0.12%	0.28%	0.12%
IBM	C	1.66%	0.82%	0.82%
ICE	C	0.28%	0.29%	0.28%
IT	C	0.35%	0.31%	0.31%
JNPR	F	0.45%	0.19%	0.19%
KO	D	0.1%	0.17%	0.1%
KR	B	0.61%	0.25%	0.25%
LIN	D	0.16%	0.2%	0.16%
LLY	F	1.25%	1.47%	1.25%
MCK	B	1.35%	0.48%	0.48%
MOH	F	0.18%	0.2%	0.18%
MPC	D	0.54%	0.35%	0.35%
MRK	F	1.01%	0.17%	0.17%
MSFT	F	1.34%	1.82%	1.34%
MSI	B	1.81%	0.46%	0.46%
NOW	A	0.75%	0.9%	0.75%
NTAP	C	0.22%	0.27%	0.22%
NVDA	C	0.67%	2.5%	0.67%
ORCL	B	1.31%	0.96%	0.96%
ORLY	B	0.68%	0.38%	0.38%
PG	A	1.23%	0.2%	0.2%
PGR	A	1.67%	0.67%	0.67%
PSX	C	0.06%	0.36%	0.06%
PTC	A	0.52%	0.27%	0.27%
ROL	B	0.36%	0.15%	0.15%
ROP	B	1.3%	0.35%	0.35%
RSG	A	1.55%	0.32%	0.32%
SNPS	B	0.18%	0.11%	0.11%
SO	D	1.35%	0.19%	0.19%
T	A	0.74%	0.23%	0.23%
TJX	A	0.45%	0.6%	0.45%
TMUS	B	1.95%	0.58%	0.58%
TW	A	0.2%	0.15%	0.15%
TXN	C	1.39%	0.76%	0.76%
UBER	D	0.45%	0.57%	0.45%
UNH	C	1.34%	1.34%	1.34%
VLO	C	0.05%	0.26%	0.05%
VRSK	A	0.42%	0.1%	0.1%
VRTX	F	0.69%	0.55%	0.55%
WM	A	1.44%	0.47%	0.47%
WMB	A	0.31%	0.46%	0.31%

USMV Overweight 97 Positions Relative to JMOM

Symbol	Grade	Weight
WMT	A	1.78%
WCN	A	1.56%
DUK	C	1.49%
CSCO	B	1.47%
NOC	D	1.43%
VZ	C	1.35%
ACN	C	1.29%
MCD	D	1.25%
JNJ	D	1.18%
TRV	B	1.15%
MMC	B	1.11%
PEP	F	1.01%
GILD	C	0.94%
V	A	0.9%
EA	A	0.89%
LMT	D	0.82%
K	A	0.8%
WEC	A	0.78%
CTSH	B	0.76%
TSN	B	0.71%
MA	C	0.7%
GIS	D	0.66%
VRSN	F	0.64%
AMGN	D	0.59%
REGN	F	0.59%
KDP	D	0.59%
TDY	B	0.57%
BDX	F	0.56%
KEYS	A	0.55%
INCY	C	0.53%
AON	A	0.53%
CME	A	0.53%
ELV	F	0.52%
YUM	B	0.5%
BMY	B	0.49%
XEL	A	0.46%
NEM	D	0.46%
XOM	B	0.45%
MDLZ	F	0.44%
WDAY	B	0.43%
EG	C	0.43%
ERIE	D	0.42%
HUM	C	0.4%
CMCSA	B	0.39%
AEP	D	0.39%
AKAM	D	0.39%
KHC	F	0.38%
WTW	B	0.38%
CTVA	C	0.38%
AFG	A	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%
WRB	A	0.31%
FWONK	B	0.31%
HSY	F	0.3%
L	A	0.28%
HON	B	0.25%
AEE	A	0.24%
HUBS	A	0.24%
D	C	0.23%
AZPN	A	0.23%
ALNY	D	0.22%
BMRN	D	0.22%
HRL	D	0.21%
CI	F	0.21%
KMB	D	0.21%
DTE	C	0.2%
PKG	A	0.2%
PFE	D	0.2%
DPZ	C	0.19%
CMS	C	0.19%
CDNS	B	0.18%
MELI	D	0.18%
EOG	A	0.17%
HOLX	D	0.16%
STX	D	0.16%
GOOG	C	0.16%
UTHR	C	0.14%
MDT	D	0.13%
OXY	D	0.12%
DGX	A	0.11%
LNT	A	0.1%
RTX	C	0.09%
ADP	B	0.09%
ABT	B	0.09%
OTIS	C	0.07%
TEL	B	0.07%
ATO	A	0.06%
FSLR	F	0.06%
KNX	B	0.06%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 198 Positions Relative to JMOM

Symbol	Grade	Weight
META	D	-1.99%
GOOGL	C	-1.81%
COST	B	-1.47%
MSTR	C	-0.97%
APP	B	-0.95%
NFLX	A	-0.9%
PM	B	-0.84%
GE	D	-0.82%
ISRG	A	-0.82%
CAT	B	-0.8%
AMD	F	-0.77%
TMO	F	-0.76%
PLTR	B	-0.76%
QCOM	F	-0.73%
AXP	A	-0.73%
BKNG	A	-0.73%
INTU	C	-0.73%
ETN	A	-0.68%
AMAT	F	-0.63%
SYK	C	-0.62%
BSX	B	-0.62%
DHR	F	-0.61%
PANW	C	-0.6%
COP	C	-0.6%
KKR	A	-0.56%
GS	A	-0.54%
VST	B	-0.54%
COIN	C	-0.51%
TT	A	-0.51%
VRT	B	-0.5%
PH	A	-0.5%
MU	D	-0.5%
SPOT	B	-0.48%
MRVL	B	-0.48%
WELL	A	-0.46%
RCL	A	-0.45%
CEG	D	-0.44%
DASH	A	-0.44%
CTAS	B	-0.44%
AXON	A	-0.44%
CMG	B	-0.42%
LRCX	F	-0.42%
KLAC	D	-0.42%
CVNA	B	-0.41%
AMP	A	-0.41%
GEV	B	-0.41%
DLR	B	-0.41%
HLT	A	-0.4%
TDG	D	-0.4%
URI	B	-0.39%
TRGP	B	-0.39%
BK	A	-0.39%
PWR	A	-0.39%
TTD	B	-0.39%
SPG	B	-0.38%
HWM	A	-0.38%
GWW	B	-0.38%
ECL	D	-0.37%
PCAR	B	-0.36%
AFL	B	-0.36%
ALL	A	-0.35%
CPRT	A	-0.33%
LOW	D	-0.33%
EME	C	-0.33%
CBRE	B	-0.33%
ARES	A	-0.32%
NU	C	-0.31%
COHR	B	-0.31%
IRM	D	-0.3%
XPO	B	-0.3%
DECK	A	-0.29%
HUBB	B	-0.29%
JEF	A	-0.28%
NRG	B	-0.28%
GWRE	A	-0.27%
ALSN	B	-0.27%
BRO	B	-0.27%
DTM	B	-0.27%
CAH	B	-0.27%
LDOS	C	-0.26%
NTNX	A	-0.26%
PHM	D	-0.26%
CW	B	-0.26%
IBKR	A	-0.26%
LII	A	-0.26%
VTR	C	-0.26%
TYL	B	-0.26%
ZS	C	-0.25%
WDC	D	-0.25%
STLD	B	-0.25%
EXP	A	-0.25%
FTI	A	-0.25%
USFD	A	-0.25%
BWXT	B	-0.24%
HEI	B	-0.24%
RGA	A	-0.24%
EVR	B	-0.24%
TOL	B	-0.24%
CASY	A	-0.23%
SSNC	B	-0.23%
IQV	D	-0.23%
MANH	D	-0.23%
NVT	B	-0.22%
CNM	D	-0.22%
THC	D	-0.22%
NI	A	-0.22%
FRPT	B	-0.22%
TPX	B	-0.21%
MPWR	F	-0.21%
SCCO	F	-0.21%
TPR	B	-0.21%
AM	A	-0.2%
PSN	D	-0.2%
INGR	B	-0.2%
HPQ	B	-0.2%
DKS	C	-0.2%
CACI	D	-0.2%
ONTO	D	-0.19%
POST	C	-0.19%
PSTG	D	-0.19%
UHS	D	-0.19%
KD	B	-0.19%
IFF	D	-0.19%
WSO	A	-0.19%
HCA	F	-0.19%
R	B	-0.19%
DKNG	B	-0.19%
HPE	B	-0.18%
AN	C	-0.18%
WING	D	-0.18%
SN	D	-0.18%
SAIC	F	-0.18%
MEDP	D	-0.17%
DHI	D	-0.17%
GAP	C	-0.17%
TXT	D	-0.17%
UNM	A	-0.17%
AZEK	A	-0.16%
WLK	D	-0.16%
H	B	-0.16%
BLD	D	-0.15%
CRUS	D	-0.15%
CRBG	B	-0.15%
MTSI	B	-0.14%
ARMK	B	-0.14%
TSCO	D	-0.14%
AVT	C	-0.13%
SNX	C	-0.13%
BRBR	A	-0.13%
ORI	A	-0.13%
LOPE	B	-0.13%
TER	D	-0.12%
PAG	B	-0.12%
JLL	D	-0.12%
OHI	C	-0.12%
RPM	A	-0.12%
EHC	B	-0.12%
SPB	C	-0.11%
LPX	B	-0.11%
MTG	C	-0.1%
HRB	D	-0.1%
WFRD	D	-0.1%
PPC	C	-0.1%
SMCI	F	-0.1%
FE	C	-0.1%
LAMR	D	-0.09%
ROIV	C	-0.09%
VLTO	D	-0.09%
TPG	A	-0.09%
WSM	B	-0.09%
VKTX	F	-0.09%
ESS	B	-0.09%
INFA	D	-0.08%
VVV	F	-0.08%
APPF	B	-0.08%
PRI	A	-0.08%
COKE	C	-0.08%
AWI	A	-0.07%
AGO	B	-0.07%
OLED	D	-0.07%
RS	B	-0.07%
HII	D	-0.07%
SRE	A	-0.07%
PEG	A	-0.06%
AYI	B	-0.06%
FYBR	D	-0.06%
PNR	A	-0.06%
NSA	D	-0.05%
BSY	D	-0.05%
INVH	D	-0.04%
CXT	B	-0.04%
RYAN	B	-0.04%
SLM	A	-0.03%
ESTC	C	-0.02%
TKR	D	-0.01%
STAG	F	-0.01%
MORN	B	-0.0%
EQIX	A	-0.0%