VFMV vs. LVOL ETF Comparison

Comparison of Vanguard U.S. Minimum Volatility ETF (VFMV) to American Century Low Volatility ETF (LVOL)

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

$127.30

Average Daily Volume

6,907

Number of Holdings ^*

165

* may have additional holdings in another (foreign) market

LVOL

American Century Low Volatility ETF

LVOL Description

The investment seeks capital appreciation. The fund generally invests in common stocks of U.S. companies that have a market capitalization greater than $2 billion. It seeks to deliver a lower realized portfolio volatility than its benchmark, the S&P 500® Index, by utilizing a stock selection process that expands on traditional measures of price volatility by including measures of asymmetric volatility and seeking securities of businesses that demonstrate consistent cash-flows, stable operations, and strong balance sheets. The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.

Grade (RS Rating)

Last Trade

$56.03

Average Daily Volume

251

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VFMV	LVOL
30 Days	3.75%	2.27%
60 Days	4.37%	3.47%
90 Days	5.38%	5.50%
12 Months	27.52%	22.98%

35 Overlapping Holdings

Symbol	Grade	Weight in VFMV	Weight in LVOL	Overlap
AAPL	C	0.54%	7.14%	0.54%
ABBV	D	0.74%	0.25%	0.25%
ABT	B	1.49%	1.35%	1.35%
ACN	C	0.2%	2.46%	0.2%
AMGN	D	0.14%	0.13%	0.13%
BRK.A	B	0.31%	2.51%	0.31%
BSX	B	0.75%	1.12%	0.75%
CB	C	0.07%	0.64%	0.07%
CHE	D	0.69%	0.07%	0.07%
CL	D	1.05%	0.87%	0.87%
CSCO	B	1.25%	2.62%	1.25%
CTSH	B	0.06%	1.44%	0.06%
DOX	D	1.5%	1.21%	1.21%
EA	A	1.16%	0.77%	0.77%
GD	F	1.14%	0.87%	0.87%
GOOG	C	0.48%	0.75%	0.48%
GOOGL	C	0.64%	2.38%	0.64%
HOLX	D	0.36%	0.21%	0.21%
IBM	C	1.52%	0.42%	0.42%
JNJ	D	1.49%	2.14%	1.49%
KO	D	1.4%	0.19%	0.19%
LIN	D	0.24%	2.44%	0.24%
MCD	D	0.79%	0.52%	0.52%
MDLZ	F	0.28%	0.18%	0.18%
MRK	F	1.46%	1.45%	1.45%
MSFT	F	1.3%	7.55%	1.3%
MSI	B	0.03%	0.89%	0.03%
NTAP	C	1.37%	0.39%	0.39%
PEP	F	0.04%	1.0%	0.04%
PG	A	1.48%	2.68%	1.48%
ROP	B	1.33%	0.75%	0.75%
RSG	A	1.2%	1.03%	1.03%
V	A	0.35%	3.19%	0.35%
WM	A	1.06%	0.85%	0.85%
WMT	A	1.08%	0.87%	0.87%

VFMV Overweight 130 Positions Relative to LVOL

Symbol	Grade	Weight
MCK	B	1.52%
ADI	D	1.5%
EQC	B	1.49%
PGR	A	1.48%
TXN	C	1.48%
COR	B	1.48%
LMT	D	1.47%
ED	D	1.44%
CHD	B	1.44%
TMUS	B	1.43%
DUK	C	1.42%
T	A	1.41%
SO	D	1.38%
CVLT	B	1.38%
TJX	A	1.27%
XOM	B	1.23%
NOC	D	1.17%
CME	A	1.14%
MUSA	A	1.13%
REGN	F	1.12%
ORLY	B	1.11%
IDT	B	1.1%
RTX	C	1.06%
IDCC	A	1.06%
KEX	C	1.05%
CBOE	B	1.04%
GIS	D	1.0%
VZ	C	1.0%
FCN	D	0.98%
LRN	A	0.97%
HPQ	B	0.96%
WTW	B	0.93%
CVX	A	0.9%
MGEE	C	0.89%
HSTM	B	0.84%
GILD	C	0.83%
VECO	F	0.78%
DLB	B	0.78%
FE	C	0.77%
UNH	C	0.75%
TYL	B	0.74%
TKO	B	0.73%
SPOT	B	0.68%
SAFT	C	0.67%
BLKB	B	0.66%
CTRE	D	0.65%
CRUS	D	0.64%
AVGO	D	0.64%
CAH	B	0.64%
NSIT	F	0.56%
WTM	A	0.54%
YELP	C	0.52%
NABL	F	0.51%
META	D	0.47%
GDDY	A	0.46%
WEC	A	0.45%
MATX	C	0.45%
PBH	A	0.42%
NEU	C	0.4%
FLO	D	0.38%
TRV	B	0.38%
INSW	F	0.37%
WMB	A	0.37%
HSY	F	0.36%
DTM	B	0.35%
AJG	B	0.35%
PPC	C	0.34%
AZO	C	0.34%
LAUR	A	0.34%
NVEC	C	0.33%
THFF	B	0.33%
PFE	D	0.32%
LLY	F	0.32%
VERX	B	0.3%
FANG	D	0.3%
RLI	B	0.3%
QRVO	F	0.28%
OLLI	D	0.26%
ATR	B	0.25%
QCOM	F	0.25%
JBSS	D	0.24%
MO	A	0.24%
ROL	B	0.23%
MCS	B	0.22%
EXEL	B	0.21%
AMSF	B	0.21%
LOPE	B	0.2%
MTSI	B	0.2%
DECK	A	0.2%
IMMR	C	0.2%
KMI	A	0.2%
EBF	F	0.2%
JJSF	B	0.19%
CASS	B	0.19%
AEE	A	0.19%
QNST	B	0.18%
HQY	B	0.18%
SPOK	C	0.15%
FDP	B	0.15%
OLED	D	0.14%
HCKT	B	0.14%
SPNS	F	0.14%
TW	A	0.13%
PI	D	0.12%
CI	F	0.11%
PSX	C	0.1%
DGICA	A	0.1%
TNK	F	0.09%
DJCO	B	0.09%
AMAT	F	0.08%
KLAC	D	0.07%
CNXN	C	0.07%
UNM	A	0.06%
OSIS	B	0.06%
JPM	A	0.05%
AKAM	D	0.04%
CNA	B	0.04%
PEBK	B	0.04%
LANC	C	0.04%
CLBK	B	0.04%
GLRE	B	0.04%
CMS	C	0.03%
NBIX	C	0.03%
BCAL	B	0.03%
EIG	B	0.03%
VRTX	F	0.03%
DTE	C	0.03%
MRAM	D	0.02%
FFNW	C	0.02%
MU	D	0.02%

VFMV Underweight 63 Positions Relative to LVOL

Symbol	Grade	Weight
AMZN	C	-2.81%
MA	C	-2.62%
HD	A	-2.42%
APH	A	-1.91%
MMC	B	-1.84%
CTAS	B	-1.82%
COST	B	-1.78%
MDT	D	-1.64%
SPGI	C	-1.53%
INTU	C	-1.43%
HON	B	-1.31%
PAYX	C	-1.29%
PTC	A	-1.26%
FI	A	-1.03%
SHW	A	-0.97%
ECL	D	-0.91%
MCO	B	-0.85%
ITW	B	-0.8%
DOV	A	-0.78%
ADSK	A	-0.78%
AMP	A	-0.71%
LOW	D	-0.68%
TDY	B	-0.67%
HIG	B	-0.66%
BLK	C	-0.63%
SYK	C	-0.58%
PSA	D	-0.57%
FAST	B	-0.55%
GWW	B	-0.55%
NDSN	B	-0.55%
KMB	D	-0.53%
CRM	B	-0.51%
VRSK	A	-0.46%
IT	C	-0.45%
YUM	B	-0.43%
SNA	A	-0.41%
CMCSA	B	-0.41%
OTIS	C	-0.38%
PH	A	-0.36%
NOW	A	-0.35%
IEX	B	-0.32%
ADP	B	-0.31%
BR	A	-0.3%
BMY	B	-0.27%
PKG	A	-0.25%
AVB	B	-0.24%
CMI	A	-0.24%
ZBH	C	-0.22%
BKNG	A	-0.2%
FDS	B	-0.18%
MNST	C	-0.18%
AVY	D	-0.18%
VRSN	F	-0.18%
MAS	D	-0.18%
FFIV	B	-0.16%
TROW	B	-0.16%
MSCI	C	-0.16%
HLT	A	-0.15%
JKHY	D	-0.14%
CW	B	-0.12%
GGG	B	-0.08%
LSTR	D	-0.08%
DCI	B	-0.08%

VFMV: Top Represented Industries & Keywords

Industries: Insurance - Property & Casualty Semiconductors Drug Manufacturers - Major Internet Content & Information Utilities - Regulated Electric Packaged Foods Software - Application Telecom Services Information Technology Services Aerospace & Defense Banks - Regional - US Biotechnology Business Services Medical Distribution Semiconductor Equipment & Materials Shipping & Ports Education & Training Services Household & Personal Products Media - Diversified Oil & Gas Midstream