USMV vs. XRLV ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio (XRLV)

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

XRLV

PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio

XRLV Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility Rate Response Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to include stocks exhibiting low volatility characteristics, after removing stocks that historically have performed poorly in rising interest rate environments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$56.04

Average Daily Volume

803

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	USMV	XRLV
30 Days	1.70%	2.47%
60 Days	2.42%	4.00%
90 Days	4.02%	6.43%
12 Months	25.63%	23.64%

59 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in XRLV	Overlap
ABBV	D	1.04%	0.76%	0.76%
ABT	B	0.09%	0.92%	0.09%
ADP	B	0.09%	1.04%	0.09%
AJG	B	1.27%	0.95%	0.95%
ATO	A	0.06%	1.12%	0.06%
BDX	F	0.56%	0.8%	0.56%
BR	A	0.05%	0.94%	0.05%
BRK.A	B	1.55%	1.43%	1.43%
CB	C	1.47%	1.04%	1.04%
CBOE	B	0.85%	0.83%	0.83%
CHD	B	0.4%	0.99%	0.4%
CL	D	0.41%	1.03%	0.41%
CME	A	0.53%	1.06%	0.53%
CMS	C	0.19%	0.91%	0.19%
COR	B	0.67%	0.98%	0.67%
CSCO	B	1.47%	1.11%	1.11%
DGX	A	0.11%	0.92%	0.11%
DUK	C	1.49%	0.96%	0.96%
EA	A	0.89%	0.97%	0.89%
ED	D	1.13%	0.87%	0.87%
ELV	F	0.52%	0.64%	0.52%
FI	A	0.69%	1.3%	0.69%
GD	F	0.05%	0.93%	0.05%
GIS	D	0.66%	0.78%	0.66%
HIG	B	0.12%	1.03%	0.12%
HOLX	D	0.16%	0.85%	0.16%
HON	B	0.25%	1.18%	0.25%
JNJ	D	1.18%	1.01%	1.01%
KDP	D	0.59%	0.81%	0.59%
KMB	D	0.21%	0.88%	0.21%
KO	D	0.1%	1.12%	0.1%
L	A	0.28%	1.24%	0.28%
LIN	D	0.16%	1.04%	0.16%
LMT	D	0.82%	0.9%	0.82%
LNT	A	0.1%	0.94%	0.1%
MA	C	0.7%	1.19%	0.7%
MCD	D	1.25%	1.06%	1.06%
MCK	B	1.35%	0.88%	0.88%
MDLZ	F	0.44%	0.87%	0.44%
MDT	D	0.13%	0.91%	0.13%
MMC	B	1.11%	1.14%	1.11%
MSI	B	1.81%	1.13%	1.13%
PEP	F	1.01%	0.89%	0.89%
PG	A	1.23%	1.13%	1.13%
PKG	A	0.2%	1.04%	0.2%
REGN	F	0.59%	0.66%	0.59%
ROP	B	1.3%	1.06%	1.06%
RSG	A	1.55%	1.21%	1.21%
SO	D	1.35%	0.93%	0.93%
TJX	A	0.45%	1.13%	0.45%
TMUS	B	1.95%	1.45%	1.45%
V	A	0.9%	1.34%	0.9%
VRSK	A	0.42%	0.9%	0.42%
VRSN	F	0.64%	0.93%	0.64%
WEC	A	0.78%	0.93%	0.78%
WM	A	1.44%	0.98%	0.98%
WMB	A	0.31%	1.22%	0.31%
WMT	A	1.78%	1.19%	1.19%
YUM	B	0.5%	0.99%	0.5%

USMV Overweight 111 Positions Relative to XRLV

Symbol	Grade	Weight
PGR	A	1.67%
IBM	C	1.66%
WCN	A	1.56%
APH	A	1.44%
NOC	D	1.43%
TXN	C	1.39%
VZ	C	1.35%
MSFT	F	1.34%
UNH	C	1.34%
ORCL	B	1.31%
ACN	C	1.29%
LLY	F	1.25%
AVGO	D	1.19%
TRV	B	1.15%
MRK	F	1.01%
GDDY	A	1.0%
AAPL	C	0.99%
AZO	C	0.98%
GILD	C	0.94%
FCNCA	A	0.88%
K	A	0.8%
CTSH	B	0.76%
NOW	A	0.75%
T	A	0.74%
TSN	B	0.71%
VRTX	F	0.69%
ORLY	B	0.68%
ACGL	D	0.68%
NVDA	C	0.67%
KR	B	0.61%
AMGN	D	0.59%
FICO	B	0.59%
TDY	B	0.57%
KEYS	A	0.55%
FANG	D	0.55%
FFIV	B	0.55%
MPC	D	0.54%
INCY	C	0.53%
AON	A	0.53%
PTC	A	0.52%
BMY	B	0.49%
XEL	A	0.46%
NEM	D	0.46%
UBER	D	0.45%
JNPR	F	0.45%
XOM	B	0.45%
WDAY	B	0.43%
EG	C	0.43%
ERIE	D	0.42%
HUM	C	0.4%
BAH	F	0.39%
CMCSA	B	0.39%
AEP	D	0.39%
AKAM	D	0.39%
KHC	F	0.38%
WTW	B	0.38%
CTVA	C	0.38%
ROL	B	0.36%
IT	C	0.35%
AFG	A	0.35%
GEN	B	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%
GLW	B	0.31%
FWONK	B	0.31%
HSY	F	0.3%
HD	A	0.3%
ANET	C	0.29%
ICE	C	0.28%
AEE	A	0.24%
HUBS	A	0.24%
ADI	D	0.23%
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%
TW	A	0.2%
DTE	C	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%
EOG	A	0.17%
STX	D	0.16%
GOOG	C	0.16%
UTHR	C	0.14%
AMZN	C	0.14%
DELL	C	0.12%
OXY	D	0.12%
RTX	C	0.09%
OTIS	C	0.07%
TEL	B	0.07%
PSX	C	0.06%
FSLR	F	0.06%
KNX	B	0.06%
VLO	C	0.05%
CRM	B	0.05%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 41 Positions Relative to XRLV

Symbol	Grade	Weight
KMI	A	-1.28%
AMP	A	-1.26%
BK	A	-1.16%
OKE	A	-1.16%
ITW	B	-1.13%
JPM	A	-1.12%
AME	A	-1.11%
ETR	B	-1.11%
PM	B	-1.08%
IEX	B	-1.07%
MET	A	-1.05%
PRU	A	-1.04%
SRE	A	-1.03%
HLT	A	-1.02%
CTAS	B	-1.0%
PPL	B	-1.0%
PEG	A	-0.99%
WELL	A	-0.99%
PFG	D	-0.99%
DRI	B	-0.98%
PAYX	C	-0.98%
MO	A	-0.97%
NI	A	-0.97%
BRO	B	-0.97%
CSX	B	-0.96%
AIG	B	-0.96%
AFL	B	-0.95%
UNP	C	-0.94%
AVB	B	-0.92%
AVY	D	-0.92%
LH	C	-0.91%
EVRG	A	-0.9%
OMC	C	-0.89%
ECL	D	-0.88%
FE	C	-0.87%
PPG	F	-0.87%
STZ	D	-0.87%
JKHY	D	-0.86%
SYY	B	-0.84%
LYB	F	-0.76%
DOW	F	-0.71%