USMV vs. QQA ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Invesco QQQ Income Advantage ETF (QQA)

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

QQA

Invesco QQQ Income Advantage ETF

QQA Description

The fund seeks to achieve its investment objective by: (1) investing in a portfolio of U.S. equity securities designed to track the performance, before fees and expenses, of the NASDAQ-100 Index® or U.S.-listed exchange-traded funds (ETFs) that seek to track the performance of the index, or both, and (2) utilizing an options-based income strategy implemented through equity-linked notes (ELNs) with exposure to either the index or ETFs tracking the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.25

Average Daily Volume

11,155

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	USMV	QQA
30 Days	1.70%	4.30%
60 Days	2.42%	5.68%
90 Days	4.02%	6.30%
12 Months	25.63%

36 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in QQA	Overlap
AAPL	C	0.99%	6.56%	0.99%
ADI	D	0.23%	0.51%	0.23%
ADP	B	0.09%	0.6%	0.09%
AEP	D	0.39%	0.25%	0.25%
AMGN	D	0.59%	0.75%	0.59%
AMZN	C	0.14%	4.08%	0.14%
AVGO	D	1.19%	3.78%	1.19%
CDNS	B	0.18%	0.39%	0.18%
CDW	F	0.35%	0.12%	0.12%
CMCSA	B	0.39%	0.82%	0.39%
CRWD	B	0.19%	0.38%	0.19%
CSCO	B	1.47%	1.15%	1.15%
CTSH	B	0.76%	0.19%	0.19%
EA	A	0.89%	0.21%	0.21%
FANG	D	0.55%	0.26%	0.26%
GILD	C	0.94%	0.54%	0.54%
GOOG	C	0.16%	1.86%	0.16%
HON	B	0.25%	0.74%	0.25%
KDP	D	0.59%	0.21%	0.21%
KHC	F	0.38%	0.19%	0.19%
LIN	D	0.16%	1.06%	0.16%
MDLZ	F	0.44%	0.43%	0.43%
MELI	D	0.18%	0.47%	0.18%
MSFT	F	1.34%	5.91%	1.34%
NVDA	C	0.67%	6.68%	0.67%
ORLY	B	0.68%	0.35%	0.35%
PEP	F	1.01%	1.08%	1.01%
REGN	F	0.59%	0.4%	0.4%
ROP	B	1.3%	0.29%	0.29%
SNPS	B	0.18%	0.4%	0.18%
TMUS	B	1.95%	1.36%	1.36%
TXN	C	1.39%	0.91%	0.91%
VRSK	A	0.42%	0.2%	0.2%
VRTX	F	0.69%	0.6%	0.6%
WDAY	B	0.43%	0.27%	0.27%
XEL	A	0.46%	0.19%	0.19%

USMV Overweight 134 Positions Relative to QQA

Symbol	Grade	Weight
MSI	B	1.81%
WMT	A	1.78%
PGR	A	1.67%
IBM	C	1.66%
WCN	A	1.56%
RSG	A	1.55%
BRK.A	B	1.55%
DUK	C	1.49%
CB	C	1.47%
APH	A	1.44%
WM	A	1.44%
NOC	D	1.43%
VZ	C	1.35%
SO	D	1.35%
MCK	B	1.35%
UNH	C	1.34%
ORCL	B	1.31%
ACN	C	1.29%
AJG	B	1.27%
MCD	D	1.25%
LLY	F	1.25%
PG	A	1.23%
JNJ	D	1.18%
TRV	B	1.15%
ED	D	1.13%
MMC	B	1.11%
ABBV	D	1.04%
MRK	F	1.01%
GDDY	A	1.0%
AZO	C	0.98%
V	A	0.9%
FCNCA	A	0.88%
CBOE	B	0.85%
LMT	D	0.82%
K	A	0.8%
WEC	A	0.78%
NOW	A	0.75%
T	A	0.74%
TSN	B	0.71%
MA	C	0.7%
FI	A	0.69%
ACGL	D	0.68%
COR	B	0.67%
GIS	D	0.66%
VRSN	F	0.64%
KR	B	0.61%
FICO	B	0.59%
TDY	B	0.57%
BDX	F	0.56%
KEYS	A	0.55%
FFIV	B	0.55%
MPC	D	0.54%
INCY	C	0.53%
AON	A	0.53%
CME	A	0.53%
PTC	A	0.52%
ELV	F	0.52%
YUM	B	0.5%
BMY	B	0.49%
NEM	D	0.46%
UBER	D	0.45%
JNPR	F	0.45%
TJX	A	0.45%
XOM	B	0.45%
EG	C	0.43%
ERIE	D	0.42%
CL	D	0.41%
CHD	B	0.4%
HUM	C	0.4%
BAH	F	0.39%
AKAM	D	0.39%
WTW	B	0.38%
CTVA	C	0.38%
ROL	B	0.36%
IT	C	0.35%
AFG	A	0.35%
GEN	B	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%
D	C	0.23%
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%
DTE	C	0.2%
PKG	A	0.2%
PFE	D	0.2%
DPZ	C	0.19%
CMS	C	0.19%
MOH	F	0.18%
EOG	A	0.17%
HOLX	D	0.16%
STX	D	0.16%
UTHR	C	0.14%
MDT	D	0.13%
DELL	C	0.12%
HIG	B	0.12%
OXY	D	0.12%
DGX	A	0.11%
KO	D	0.1%
LNT	A	0.1%
RTX	C	0.09%
ABT	B	0.09%
OTIS	C	0.07%
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%
CRM	B	0.05%
GD	F	0.05%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 65 Positions Relative to QQA

Symbol	Grade	Weight
META	D	-3.69%
TSLA	B	-2.98%
COST	B	-1.99%
GOOGL	C	-1.94%
NFLX	A	-1.75%
ADBE	C	-1.11%
AMD	F	-1.08%
INTU	C	-0.95%
ISRG	A	-0.93%
QCOM	F	-0.88%
BKNG	A	-0.83%
AMAT	F	-0.69%
PANW	C	-0.62%
SBUX	A	-0.55%
MU	D	-0.53%
INTC	D	-0.51%
LRCX	F	-0.45%
CTAS	B	-0.43%
PYPL	B	-0.43%
KLAC	D	-0.41%
MAR	B	-0.39%
PDD	F	-0.38%
MRVL	B	-0.38%
FTNT	C	-0.36%
CEG	D	-0.35%
CSX	B	-0.34%
ADSK	A	-0.32%
DASH	A	-0.32%
ASML	F	-0.31%
ABNB	C	-0.29%
PCAR	B	-0.29%
CHTR	C	-0.28%
CPRT	A	-0.27%
NXPI	D	-0.27%
TTD	B	-0.26%
MNST	C	-0.25%
PAYX	C	-0.25%
FAST	B	-0.23%
ODFL	B	-0.23%
ROST	C	-0.23%
BKR	B	-0.21%
LULU	C	-0.19%
DDOG	A	-0.19%
EXC	C	-0.19%
TEAM	A	-0.19%
AZN	D	-0.18%
GEHC	F	-0.18%
IDXX	F	-0.17%
CCEP	C	-0.17%
MCHP	D	-0.16%
ZS	C	-0.15%
DXCM	D	-0.15%
TTWO	A	-0.15%
ON	D	-0.14%
CSGP	D	-0.14%
ANSS	B	-0.14%
ILMN	D	-0.11%
WBD	C	-0.11%
GFS	C	-0.11%
BIIB	F	-0.11%
MDB	C	-0.1%
ARM	D	-0.08%
MRNA	F	-0.07%
DLTR	F	-0.07%
SMCI	F	-0.05%