USMV vs. SHE ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to SPDR SSGA Gender Diversity Index ETF (SHE)

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

SHE

SPDR SSGA Gender Diversity Index ETF

SHE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Gender Diversity Index, which tracks U.S. companies that are leaders in advancing women through gender diversity on their boards of directors and in management. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. In addition, it may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$119.89

Average Daily Volume

3,450

Number of Holdings ^*

239

* may have additional holdings in another (foreign) market

Performance

Period	USMV	SHE
30 Days	1.70%	2.93%
60 Days	2.42%	5.56%
90 Days	4.02%	7.44%
12 Months	25.63%	34.03%

70 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in SHE	Overlap
AAPL	C	0.99%	4.14%	0.99%
ABT	B	0.09%	0.73%	0.09%
ACN	C	1.29%	4.39%	1.29%
AEE	A	0.24%	0.08%	0.08%
AEP	D	0.39%	0.16%	0.16%
AIZ	A	0.32%	0.04%	0.04%
AKAM	D	0.39%	0.22%	0.22%
ALNY	D	0.22%	0.12%	0.12%
BR	A	0.05%	0.1%	0.05%
CDW	F	0.35%	0.44%	0.35%
CHD	B	0.4%	0.08%	0.08%
CI	F	0.21%	0.32%	0.21%
CL	D	0.41%	0.26%	0.26%
CMS	C	0.19%	0.06%	0.06%
COR	B	0.67%	0.15%	0.15%
CPB	D	0.33%	0.03%	0.03%
CSCO	B	1.47%	4.03%	1.47%
CVS	D	0.04%	0.25%	0.04%
CVX	A	0.34%	0.98%	0.34%
D	C	0.23%	0.23%	0.23%
DTE	C	0.2%	0.11%	0.11%
DUK	C	1.49%	0.27%	0.27%
EA	A	0.89%	0.12%	0.12%
ED	D	1.13%	0.13%	0.13%
EOG	A	0.17%	0.21%	0.17%
FANG	D	0.55%	0.11%	0.11%
GDDY	A	1.0%	0.47%	0.47%
GILD	C	0.94%	0.42%	0.42%
GIS	D	0.66%	0.13%	0.13%
HIG	B	0.12%	0.15%	0.12%
HON	B	0.25%	0.52%	0.25%
HRL	D	0.21%	0.04%	0.04%
HSY	F	0.3%	0.1%	0.1%
HUBS	A	0.24%	0.58%	0.24%
INCY	C	0.53%	0.05%	0.05%
JNJ	D	1.18%	1.41%	1.18%
KO	D	0.1%	0.99%	0.1%
KR	B	0.61%	0.15%	0.15%
LIN	D	0.16%	0.89%	0.16%
LLY	F	1.25%	2.32%	1.25%
MCK	B	1.35%	0.31%	0.31%
MDT	D	0.13%	0.41%	0.13%
MMC	B	1.11%	0.43%	0.43%
MRK	F	1.01%	0.89%	0.89%
MSFT	F	1.34%	4.17%	1.34%
NBIX	C	0.32%	0.04%	0.04%
NEM	D	0.46%	0.2%	0.2%
NOC	D	1.43%	0.31%	0.31%
NVDA	C	0.67%	4.79%	0.67%
OXY	D	0.12%	0.14%	0.12%
PG	A	1.23%	1.5%	1.23%
PGR	A	1.67%	0.67%	0.67%
PSX	C	0.06%	0.15%	0.06%
RTX	C	0.09%	0.5%	0.09%
T	A	0.74%	0.63%	0.63%
TJX	A	0.45%	1.21%	0.45%
TMUS	B	1.95%	0.52%	0.52%
TSN	B	0.71%	0.05%	0.05%
UBER	D	0.45%	0.57%	0.45%
ULTA	F	0.04%	0.16%	0.04%
UNH	C	1.34%	1.75%	1.34%
UTHR	C	0.14%	0.06%	0.06%
V	A	0.9%	1.62%	0.9%
VRTX	F	0.69%	0.45%	0.45%
VZ	C	1.35%	0.77%	0.77%
WCN	A	1.56%	0.21%	0.21%
WEC	A	0.78%	0.11%	0.11%
WTW	B	0.38%	0.13%	0.13%
XEL	A	0.46%	0.12%	0.12%
XOM	B	0.45%	1.46%	0.45%

USMV Overweight 100 Positions Relative to SHE

Symbol	Grade	Weight
MSI	B	1.81%
WMT	A	1.78%
IBM	C	1.66%
RSG	A	1.55%
BRK.A	B	1.55%
CB	C	1.47%
APH	A	1.44%
WM	A	1.44%
TXN	C	1.39%
SO	D	1.35%
ORCL	B	1.31%
ROP	B	1.3%
AJG	B	1.27%
MCD	D	1.25%
AVGO	D	1.19%
TRV	B	1.15%
ABBV	D	1.04%
PEP	F	1.01%
AZO	C	0.98%
FCNCA	A	0.88%
CBOE	B	0.85%
LMT	D	0.82%
K	A	0.8%
CTSH	B	0.76%
NOW	A	0.75%
MA	C	0.7%
FI	A	0.69%
ORLY	B	0.68%
ACGL	D	0.68%
VRSN	F	0.64%
AMGN	D	0.59%
FICO	B	0.59%
REGN	F	0.59%
KDP	D	0.59%
TDY	B	0.57%
BDX	F	0.56%
KEYS	A	0.55%
FFIV	B	0.55%
MPC	D	0.54%
AON	A	0.53%
CME	A	0.53%
PTC	A	0.52%
ELV	F	0.52%
YUM	B	0.5%
BMY	B	0.49%
JNPR	F	0.45%
MDLZ	F	0.44%
WDAY	B	0.43%
EG	C	0.43%
ERIE	D	0.42%
VRSK	A	0.42%
HUM	C	0.4%
BAH	F	0.39%
CMCSA	B	0.39%
KHC	F	0.38%
CTVA	C	0.38%
ROL	B	0.36%
IT	C	0.35%
AFG	A	0.35%
GEN	B	0.35%
MKL	A	0.34%
GRMN	B	0.33%
WMB	A	0.31%
WRB	A	0.31%
GLW	B	0.31%
FWONK	B	0.31%
HD	A	0.3%
ANET	C	0.29%
ICE	C	0.28%
L	A	0.28%
ADI	D	0.23%
AZPN	A	0.23%
NTAP	C	0.22%
BMRN	D	0.22%
KMB	D	0.21%
TW	A	0.2%
PKG	A	0.2%
PFE	D	0.2%
DPZ	C	0.19%
CRWD	B	0.19%
CDNS	B	0.18%
MELI	D	0.18%
MOH	F	0.18%
SNPS	B	0.18%
HOLX	D	0.16%
STX	D	0.16%
GOOG	C	0.16%
AMZN	C	0.14%
DELL	C	0.12%
DGX	A	0.11%
LNT	A	0.1%
ADP	B	0.09%
OTIS	C	0.07%
TEL	B	0.07%
ATO	A	0.06%
FSLR	F	0.06%
KNX	B	0.06%
VLO	C	0.05%
CRM	B	0.05%
GD	F	0.05%

USMV Underweight 169 Positions Relative to SHE

Symbol	Grade	Weight
META	D	-4.59%
INTU	C	-3.56%
JPM	A	-2.69%
INTC	D	-1.87%
NFLX	A	-1.78%
BKNG	A	-1.33%
ADSK	A	-1.25%
BAC	A	-1.2%
COST	B	-1.13%
FTNT	C	-1.08%
WFC	A	-0.97%
LOW	D	-0.96%
SBUX	A	-0.94%
CAT	B	-0.94%
AXP	A	-0.65%
MAR	B	-0.65%
CMG	B	-0.63%
GE	D	-0.58%
SPGI	C	-0.58%
HLT	A	-0.53%
ETN	A	-0.51%
C	A	-0.51%
ANSS	B	-0.49%
SCHW	B	-0.47%
TYL	B	-0.44%
NKE	D	-0.42%
ROST	C	-0.41%
ABNB	C	-0.36%
TT	A	-0.34%
LULU	C	-0.33%
MCO	B	-0.33%
PNC	B	-0.32%
DE	A	-0.32%
ZTS	D	-0.31%
RCL	A	-0.31%
FLUT	A	-0.31%
ITW	B	-0.29%
TWLO	A	-0.28%
TGT	F	-0.27%
TSCO	D	-0.26%
BA	F	-0.26%
MMM	D	-0.25%
EQIX	A	-0.25%
EMR	A	-0.25%
TFC	A	-0.24%
COF	B	-0.24%
JCI	C	-0.24%
CMI	A	-0.24%
DHI	D	-0.22%
DLR	B	-0.22%
SPG	B	-0.22%
FDX	B	-0.22%
BK	A	-0.21%
VST	B	-0.2%
ECL	D	-0.2%
CARR	D	-0.19%
PSA	D	-0.19%
AIG	B	-0.19%
PRU	A	-0.19%
CHTR	C	-0.18%
NSC	B	-0.18%
ALL	A	-0.18%
PEG	A	-0.17%
GWW	B	-0.17%
LNG	B	-0.17%
SQ	B	-0.17%
FIS	C	-0.17%
O	D	-0.16%
BURL	A	-0.15%
IDXX	F	-0.14%
BKR	B	-0.14%
EBAY	D	-0.14%
DECK	A	-0.14%
MTB	A	-0.14%
CSGP	D	-0.14%
WSM	B	-0.14%
VICI	C	-0.14%
IRM	D	-0.13%
TTD	B	-0.13%
EIX	B	-0.13%
EXC	C	-0.13%
EXR	D	-0.12%
STZ	D	-0.12%
VLTO	D	-0.12%
CNC	D	-0.12%
AWK	D	-0.12%
VTR	C	-0.12%
FITB	A	-0.12%
AVB	B	-0.11%
WAB	B	-0.11%
WBD	C	-0.11%
APTV	D	-0.11%
ROK	B	-0.11%
ETR	B	-0.11%
XYL	D	-0.11%
DOW	F	-0.11%
CAH	B	-0.11%
LDOS	C	-0.1%
FTV	C	-0.1%
DD	D	-0.1%
GPN	B	-0.1%
INVH	D	-0.09%
EQR	B	-0.09%
HUBB	B	-0.09%
SYF	B	-0.09%
BIIB	F	-0.09%
BBY	D	-0.09%
RF	A	-0.09%
TROW	B	-0.09%
TTWO	A	-0.09%
PPL	B	-0.09%
LVS	C	-0.09%
NTRS	A	-0.08%
PFG	D	-0.08%
ADM	D	-0.08%
SW	A	-0.08%
ILMN	D	-0.08%
DKS	C	-0.08%
LPLA	A	-0.08%
CLX	B	-0.08%
CNP	B	-0.08%
OMC	C	-0.07%
KMX	B	-0.07%
LYB	F	-0.07%
PNR	A	-0.07%
DG	F	-0.07%
J	F	-0.07%
SSNC	B	-0.07%
EQT	B	-0.07%
KEY	B	-0.07%
IFF	D	-0.07%
KIM	A	-0.07%
MAA	B	-0.07%
FDS	B	-0.07%
WY	D	-0.07%
LH	C	-0.07%
HST	C	-0.06%
OC	A	-0.06%
EL	F	-0.06%
AMCR	D	-0.06%
TRU	D	-0.06%
PINS	D	-0.06%
MGM	D	-0.06%
SJM	D	-0.05%
FBIN	D	-0.05%
RPM	A	-0.05%
TXT	D	-0.05%
SWK	D	-0.05%
IPG	D	-0.05%
SNAP	C	-0.05%
ACM	A	-0.05%
DAL	C	-0.04%
ALB	C	-0.04%
BBWI	D	-0.04%
CRL	C	-0.04%
Z	A	-0.04%
RIVN	F	-0.04%
OVV	B	-0.04%
PARA	C	-0.04%
DAY	B	-0.04%
AMH	D	-0.04%
WYNN	D	-0.04%
WBA	F	-0.03%
CE	F	-0.03%
NWSA	B	-0.03%
TFX	F	-0.03%
LUV	C	-0.02%
APA	D	-0.02%
ACI	C	-0.02%