USMV vs. VFMV ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Vanguard U.S. Minimum Volatility ETF (VFMV)

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

$91.07

Average Daily Volume

2,239,373

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$121.10

Average Daily Volume

7,210

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

Performance

Period	USMV	VFMV
30 Days	1.20%	0.83%
60 Days	5.77%	3.76%
90 Days	9.04%	6.93%
12 Months	27.40%	27.18%

70 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in VFMV	Overlap
AAPL	C	0.99%	0.64%	0.64%
ABBV	B	1.21%	1.34%	1.21%
ACN	C	1.24%	0.23%	0.23%
ADI	C	0.25%	1.42%	0.25%
AJG	D	1.21%	0.43%	0.43%
AKAM	D	0.46%	0.04%	0.04%
AMGN	D	0.7%	0.64%	0.64%
AMZN	C	0.13%	0.11%	0.11%
AVGO	C	1.26%	0.71%	0.71%
AZO	B	0.96%	0.42%	0.42%
BMY	C	0.43%	0.31%	0.31%
BRK.A	C	1.51%	0.29%	0.29%
CB	B	1.5%	0.08%	0.08%
CBOE	C	0.86%	1.13%	0.86%
CHD	C	0.37%	1.28%	0.37%
CL	C	0.46%	1.05%	0.46%
CME	B	0.51%	1.19%	0.51%
CMS	B	0.2%	0.03%	0.03%
CSCO	B	1.35%	1.46%	1.35%
CVX	F	0.31%	0.77%	0.31%
DTE	A	0.2%	0.04%	0.04%
DUK	B	1.53%	1.31%	1.31%
EA	D	0.76%	1.48%	0.76%
ED	B	1.2%	0.51%	0.51%
FANG	F	0.57%	0.45%	0.45%
GD	C	0.06%	1.43%	0.06%
GILD	B	0.9%	0.89%	0.89%
GIS	B	0.77%	0.98%	0.77%
GOOG	D	0.15%	0.7%	0.15%
HSY	D	0.34%	0.45%	0.34%
IBM	B	1.75%	1.31%	1.31%
JNJ	C	1.26%	1.46%	1.26%
K	A	0.81%	0.4%	0.4%
KMB	C	0.22%	0.07%	0.07%
KO	B	0.11%	0.46%	0.11%
LLY	D	1.58%	0.92%	0.92%
LMT	A	0.9%	1.44%	0.9%
MCD	B	1.29%	1.24%	1.24%
MCK	F	1.06%	1.5%	1.06%
MDLZ	C	0.51%	0.39%	0.39%
MRK	F	1.21%	1.39%	1.21%
MSFT	C	1.38%	0.45%	0.45%
MSI	B	1.67%	0.03%	0.03%
NBIX	F	0.32%	0.04%	0.04%
NOC	B	1.54%	1.27%	1.27%
NTAP	D	0.22%	1.57%	0.22%
ORLY	B	0.64%	1.33%	0.64%
PEP	D	1.1%	0.06%	0.06%
PG	C	1.25%	1.45%	1.25%
PGR	C	1.68%	1.49%	1.49%
PSX	F	0.06%	0.14%	0.06%
REGN	D	0.83%	1.27%	0.83%
ROL	C	0.37%	0.29%	0.29%
ROP	C	1.31%	1.5%	1.31%
RSG	D	1.5%	1.39%	1.39%
RTX	B	0.09%	0.33%	0.09%
T	B	0.71%	0.51%	0.51%
TJX	C	0.44%	1.56%	0.44%
TMUS	B	1.69%	1.56%	1.56%
TRV	C	1.05%	0.43%	0.43%
TXN	B	1.42%	1.54%	1.42%
UNH	C	1.34%	0.85%	0.85%
V	C	0.78%	0.44%	0.44%
VRTX	D	0.71%	0.04%	0.04%
VZ	A	1.44%	1.2%	1.2%
WEC	B	0.74%	0.39%	0.39%
WM	D	1.37%	1.46%	1.37%
WMB	C	0.24%	0.97%	0.24%
WMT	B	1.66%	1.47%	1.47%
XOM	D	0.45%	1.42%	0.45%

USMV Overweight 100 Positions Relative to VFMV

Symbol	Grade	Weight
WCN	D	1.49%
SO	B	1.38%
APH	C	1.34%
ORCL	B	1.15%
MMC	C	1.12%
GDDY	C	0.84%
ACGL	B	0.81%
CTSH	B	0.76%
FCNCA	D	0.74%
KDP	B	0.71%
ELV	D	0.69%
NOW	C	0.68%
TSN	D	0.68%
MA	B	0.66%
VRSN	C	0.66%
COR	F	0.62%
BDX	D	0.6%
NEM	C	0.6%
KR	B	0.59%
FI	B	0.57%
KEYS	B	0.56%
MPC	F	0.56%
NVDA	C	0.55%
ERIE	B	0.54%
TDY	B	0.53%
FFIV	B	0.52%
YUM	B	0.51%
JNPR	A	0.5%
FICO	B	0.5%
UBER	C	0.5%
PTC	C	0.49%
AON	B	0.49%
INCY	C	0.48%
CDW	D	0.46%
BAH	B	0.45%
EG	B	0.45%
HUM	F	0.45%
KHC	C	0.43%
XEL	B	0.43%
AEP	C	0.41%
WDAY	D	0.41%
VRSK	D	0.4%
CPB	C	0.38%
CMCSA	C	0.38%
CTVA	B	0.37%
WTW	B	0.35%
IT	C	0.34%
AFG	C	0.34%
GEN	A	0.33%
MKL	C	0.32%
GLW	B	0.3%
FWONK	C	0.3%
ICE	C	0.29%
AIZ	B	0.29%
WRB	D	0.29%
HD	B	0.29%
ANET	C	0.29%
GRMN	D	0.28%
L	D	0.27%
BMRN	F	0.25%
ALNY	C	0.25%
PFE	D	0.24%
AEE	B	0.23%
D	C	0.23%
CI	C	0.23%
HRL	F	0.22%
MOH	D	0.22%
AZPN	B	0.22%
HON	C	0.22%
MELI	C	0.2%
HUBS	D	0.19%
LIN	B	0.18%
TW	B	0.18%
STX	B	0.18%
PKG	B	0.18%
DPZ	D	0.18%
HOLX	D	0.17%
SNPS	F	0.17%
CRWD	D	0.16%
CDNS	D	0.16%
EOG	D	0.16%
UTHR	B	0.14%
MDT	B	0.14%
OXY	F	0.13%
HIG	B	0.12%
LNT	A	0.1%
DELL	C	0.1%
DGX	B	0.1%
ABT	C	0.09%
FSLR	C	0.08%
ADP	C	0.08%
TEL	D	0.07%
KNX	C	0.06%
OTIS	B	0.06%
VLO	F	0.05%
CVS	D	0.05%
BR	C	0.05%
ULTA	D	0.05%
ATO	B	0.05%
CRM	C	0.04%

USMV Underweight 76 Positions Relative to VFMV

Symbol	Grade	Weight
CVLT	B	-1.63%
VECO	F	-1.49%
MUSA	D	-1.43%
KEX	C	-1.4%
IDT	C	-1.35%
FCN	C	-1.21%
IDCC	B	-1.14%
DLB	D	-1.06%
LRN	B	-1.05%
DOX	C	-1.03%
HSTM	D	-0.97%
MGEE	C	-0.96%
GOOGL	D	-0.87%
CRUS	D	-0.86%
SAFT	D	-0.86%
GPOR	C	-0.85%
INST	D	-0.83%
NSIT	C	-0.83%
CHE	C	-0.81%
LAUR	C	-0.79%
NABL	F	-0.78%
BLKB	C	-0.78%
CAH	C	-0.75%
WTM	F	-0.75%
HPQ	C	-0.72%
OSIS	C	-0.7%
QCOM	D	-0.69%
YELP	D	-0.63%
MCS	B	-0.61%
META	B	-0.6%
INSW	C	-0.55%
MATX	B	-0.54%
PBH	C	-0.52%
NEU	D	-0.49%
FLO	C	-0.47%
THFF	D	-0.42%
RLI	B	-0.36%
NVEC	D	-0.35%
OLLI	C	-0.34%
AMSF	C	-0.34%
JBSS	F	-0.33%
CASS	D	-0.32%
LDOS	A	-0.29%
IMMR	D	-0.28%
MO	C	-0.28%
MTSI	C	-0.26%
LOPE	D	-0.25%
KMI	C	-0.24%
EBF	C	-0.24%
EQC	D	-0.24%
EXEL	C	-0.23%
JJSF	B	-0.23%
OLED	D	-0.19%
SPOK	C	-0.19%
DECK	C	-0.19%
SPNS	D	-0.17%
QNST	C	-0.15%
AMAT	D	-0.13%
DGICA	C	-0.12%
TNK	D	-0.12%
CLBK	D	-0.1%
DJCO	C	-0.1%
DTM	C	-0.1%
KLAC	D	-0.09%
CNXN	B	-0.08%
LRCX	D	-0.08%
GLRE	C	-0.06%
LANC	F	-0.06%
REYN	C	-0.06%
UNM	B	-0.06%
ATR	B	-0.05%
SFL	D	-0.05%
EIG	C	-0.04%
MU	D	-0.04%
CNA	D	-0.04%
SPOT	C	-0.03%