USMV vs. VLUE ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to iShares MSCI USA Value Factor (VLUE)

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

$92.96

Average Daily Volume

1,638,518

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

VLUE

iShares MSCI USA Value Factor

VLUE Description

The investment seeks to track the performance of MSCI USA Value Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Value Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$112.86

Average Daily Volume

327,542

Number of Holdings ^*

148

* may have additional holdings in another (foreign) market

Performance

Period	USMV	VLUE
30 Days	0.94%	3.29%
60 Days	2.29%	4.96%
90 Days	3.46%	6.43%
12 Months	24.96%	24.26%

36 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in VLUE	Overlap
AKAM	D	0.39%	0.14%	0.14%
ATO	A	0.06%	0.23%	0.06%
AZPN	A	0.23%	0.23%	0.23%
BMY	B	0.49%	1.55%	0.49%
CI	D	0.21%	1.37%	0.21%
CSCO	B	1.47%	6.43%	1.47%
CTSH	B	0.76%	1.1%	0.76%
CVS	D	0.04%	1.46%	0.04%
D	C	0.23%	0.47%	0.23%
DELL	B	0.12%	0.84%	0.12%
DGX	A	0.11%	0.19%	0.11%
EG	C	0.43%	0.17%	0.17%
ELV	F	0.52%	0.97%	0.52%
FANG	C	0.55%	0.6%	0.55%
FCNCA	A	0.88%	0.12%	0.12%
FFIV	B	0.55%	0.37%	0.37%
FSLR	F	0.06%	0.38%	0.06%
GEN	B	0.35%	0.42%	0.35%
GILD	C	0.94%	1.29%	0.94%
GLW	B	0.31%	1.1%	0.31%
HIG	B	0.12%	0.22%	0.12%
IBM	C	1.66%	3.86%	1.66%
JNPR	D	0.45%	0.33%	0.33%
KHC	F	0.38%	0.74%	0.38%
KNX	C	0.06%	0.19%	0.06%
KR	B	0.61%	0.75%	0.61%
L	A	0.28%	0.13%	0.13%
NTAP	C	0.22%	0.52%	0.22%
PFE	F	0.2%	2.07%	0.2%
RTX	D	0.09%	1.77%	0.09%
T	A	0.74%	6.04%	0.74%
TEL	B	0.07%	1.02%	0.07%
TSN	B	0.71%	0.44%	0.44%
UTHR	C	0.14%	0.23%	0.14%
VLO	C	0.05%	0.78%	0.05%
VZ	C	1.35%	2.91%	1.35%

USMV Overweight 134 Positions Relative to VLUE

Symbol	Grade	Weight
TMUS	B	1.95%
MSI	B	1.81%
WMT	A	1.78%
PGR	A	1.67%
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	B	1.44%
NOC	D	1.43%
TXN	C	1.39%
SO	C	1.35%
MCK	A	1.35%
MSFT	D	1.34%
UNH	B	1.34%
ORCL	A	1.31%
ROP	B	1.3%
ACN	B	1.29%
AJG	A	1.27%
MCD	D	1.25%
LLY	F	1.25%
PG	C	1.23%
AVGO	D	1.19%
JNJ	C	1.18%
TRV	B	1.15%
ED	C	1.13%
MMC	B	1.11%
ABBV	F	1.04%
MRK	D	1.01%
PEP	F	1.01%
GDDY	A	1.0%
AAPL	C	0.99%
AZO	C	0.98%
V	A	0.9%
EA	A	0.89%
CBOE	C	0.85%
LMT	D	0.82%
K	A	0.8%
WEC	A	0.78%
NOW	A	0.75%
MA	B	0.7%
VRTX	D	0.69%
FI	A	0.69%
ORLY	B	0.68%
ACGL	C	0.68%
COR	B	0.67%
NVDA	B	0.67%
GIS	D	0.66%
VRSN	C	0.64%
AMGN	F	0.59%
FICO	B	0.59%
REGN	F	0.59%
KDP	F	0.59%
TDY	B	0.57%
BDX	F	0.56%
KEYS	A	0.55%
MPC	D	0.54%
INCY	C	0.53%
AON	A	0.53%
CME	B	0.53%
PTC	B	0.52%
YUM	D	0.5%
XEL	A	0.46%
NEM	D	0.46%
UBER	F	0.45%
TJX	A	0.45%
XOM	B	0.45%
MDLZ	F	0.44%
WDAY	B	0.43%
ERIE	D	0.42%
VRSK	A	0.42%
CL	D	0.41%
CHD	A	0.4%
HUM	C	0.4%
BAH	F	0.39%
CMCSA	B	0.39%
AEP	C	0.39%
WTW	B	0.38%
CTVA	C	0.38%
ROL	B	0.36%
IT	C	0.35%
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%
WMB	A	0.31%
WRB	A	0.31%
FWONK	A	0.31%
HSY	F	0.3%
HD	B	0.3%
ANET	C	0.29%
ICE	C	0.28%
HON	C	0.25%
AEE	A	0.24%
HUBS	A	0.24%
ADI	D	0.23%
ALNY	D	0.22%
BMRN	F	0.22%
HRL	D	0.21%
KMB	C	0.21%
TW	A	0.2%
DTE	C	0.2%
PKG	A	0.2%
DPZ	C	0.19%
CRWD	B	0.19%
CMS	C	0.19%
CDNS	B	0.18%
MELI	C	0.18%
MOH	F	0.18%
SNPS	B	0.18%
EOG	A	0.17%
HOLX	D	0.16%
LIN	C	0.16%
STX	C	0.16%
GOOG	C	0.16%
AMZN	C	0.14%
MDT	D	0.13%
OXY	D	0.12%
KO	D	0.1%
LNT	A	0.1%
ADP	A	0.09%
ABT	B	0.09%
OTIS	C	0.07%
PSX	C	0.06%
BR	A	0.05%
CRM	B	0.05%
GD	D	0.05%
ULTA	F	0.04%

USMV Underweight 112 Positions Relative to VLUE

Symbol	Grade	Weight
INTC	C	-3.65%
GM	C	-3.6%
AMAT	F	-2.37%
BAC	A	-2.25%
WFC	A	-1.92%
C	A	-1.78%
F	C	-1.68%
LEN	C	-1.49%
MO	A	-1.45%
GS	A	-1.43%
DHI	F	-1.4%
HPE	B	-1.4%
SPG	A	-1.26%
HPQ	B	-1.19%
FDX	B	-1.18%
NXPI	D	-1.12%
PHM	D	-0.94%
URI	C	-0.77%
PCAR	B	-0.76%
WBD	B	-0.7%
ON	D	-0.67%
COF	C	-0.66%
ADM	D	-0.65%
PCG	A	-0.63%
JCI	B	-0.61%
CMI	A	-0.6%
CNC	D	-0.57%
WY	F	-0.55%
TFC	A	-0.54%
LHX	C	-0.53%
AIG	B	-0.5%
EXPE	B	-0.48%
USB	A	-0.48%
ZM	C	-0.47%
BK	A	-0.47%
MET	A	-0.46%
SWKS	F	-0.46%
VST	A	-0.45%
VTRS	B	-0.45%
PRU	A	-0.45%
NUE	C	-0.45%
MRO	B	-0.44%
BBY	D	-0.38%
TAP	C	-0.38%
BLDR	D	-0.36%
OC	A	-0.36%
CTRA	B	-0.35%
TWLO	A	-0.34%
FOXA	A	-0.33%
OVV	B	-0.33%
WAB	B	-0.32%
PPL	A	-0.32%
JBL	C	-0.31%
MTB	A	-0.31%
EQT	B	-0.28%
PARA	C	-0.27%
EVRG	A	-0.27%
STLD	B	-0.27%
CFG	B	-0.26%
STT	B	-0.26%
SSNC	B	-0.25%
DAL	B	-0.25%
LKQ	F	-0.24%
SYF	B	-0.24%
LH	B	-0.24%
TXT	D	-0.24%
SNA	A	-0.23%
DOW	F	-0.23%
CAG	F	-0.23%
HST	C	-0.23%
WBA	F	-0.22%
SJM	D	-0.22%
LYB	F	-0.22%
ES	C	-0.22%
FITB	B	-0.21%
GPN	B	-0.21%
BG	D	-0.2%
EXE	A	-0.2%
RF	A	-0.2%
LDOS	C	-0.19%
IP	A	-0.19%
MAA	B	-0.19%
RPRX	D	-0.19%
FOX	A	-0.18%
UHS	D	-0.18%
QRVO	F	-0.18%
MOS	F	-0.17%
CNH	C	-0.17%
HBAN	A	-0.17%
CF	A	-0.16%
DINO	D	-0.16%
APA	D	-0.15%
SOLV	D	-0.14%
APTV	F	-0.13%
CPT	B	-0.13%
SW	A	-0.13%
KEY	B	-0.13%
EQH	C	-0.12%
ACI	C	-0.12%
LUV	C	-0.12%
UHAL	D	-0.11%
FBIN	F	-0.11%
NLY	C	-0.11%
ALLY	C	-0.1%
SWK	D	-0.1%
EMN	C	-0.1%
FNF	B	-0.09%
HII	F	-0.09%
DVA	C	-0.08%
BEN	C	-0.06%
WLK	D	-0.05%
BIO	C	-0.05%