VFMV vs. USMV ETF Comparison

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

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

$121.24

Average Daily Volume

7,749

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

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

$91.10

Average Daily Volume

2,232,096

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	VFMV	USMV
30 Days	0.72%	0.70%
60 Days	6.93%	7.72%
90 Days	7.44%	8.91%
12 Months	28.66%	29.23%

70 Overlapping Holdings

Symbol	Grade	Weight in VFMV	Weight in USMV	Overlap
AAPL	C	0.64%	0.98%	0.64%
ABBV	C	1.34%	1.23%	1.23%
ACN	B	0.23%	1.28%	0.23%
ADI	B	1.42%	0.24%	0.24%
AJG	C	0.43%	1.24%	0.43%
AKAM	D	0.04%	0.45%	0.04%
AMGN	D	0.64%	0.68%	0.64%
AMZN	C	0.11%	0.12%	0.11%
AVGO	B	0.71%	1.2%	0.71%
AZO	D	0.42%	1.0%	0.42%
BMY	A	0.31%	0.44%	0.31%
BRK.A	B	0.29%	1.52%	0.29%
CB	A	0.08%	1.51%	0.08%
CBOE	B	1.13%	0.87%	0.87%
CHD	D	1.28%	0.37%	0.37%
CL	D	1.05%	0.45%	0.45%
CME	A	1.19%	0.53%	0.53%
CMS	A	0.03%	0.2%	0.03%
CSCO	A	1.46%	1.36%	1.36%
CVX	B	0.77%	0.32%	0.32%
DTE	B	0.04%	0.21%	0.04%
DUK	C	1.31%	1.53%	1.31%
EA	D	1.48%	0.76%	0.76%
ED	C	0.51%	1.23%	0.51%
FANG	D	0.45%	0.54%	0.45%
GD	C	1.43%	0.06%	0.06%
GILD	A	0.89%	0.9%	0.89%
GIS	C	0.98%	0.78%	0.78%
GOOG	B	0.7%	0.15%	0.15%
HSY	D	0.45%	0.33%	0.33%
IBM	A	1.31%	1.74%	1.31%
JNJ	D	1.46%	1.25%	1.25%
K	B	0.4%	0.81%	0.4%
KMB	D	0.07%	0.22%	0.07%
KO	C	0.46%	0.11%	0.11%
LLY	D	0.92%	1.51%	0.92%
LMT	A	1.44%	0.94%	0.94%
MCD	A	1.24%	1.3%	1.24%
MCK	F	1.5%	1.1%	1.1%
MDLZ	D	0.39%	0.5%	0.39%
MRK	F	1.39%	1.21%	1.21%
MSFT	D	0.45%	1.35%	0.45%
MSI	A	0.03%	1.67%	0.03%
NBIX	F	0.04%	0.31%	0.04%
NOC	B	1.27%	1.58%	1.27%
NTAP	D	1.57%	0.22%	0.22%
ORLY	A	1.33%	0.65%	0.65%
PEP	F	0.06%	1.11%	0.06%
PG	D	1.45%	1.25%	1.25%
PGR	B	1.49%	1.67%	1.49%
PSX	D	0.14%	0.06%	0.06%
REGN	D	1.27%	0.83%	0.83%
ROL	C	0.29%	0.37%	0.29%
ROP	D	1.5%	1.3%	1.3%
RSG	D	1.39%	1.48%	1.39%
RTX	A	0.33%	0.09%	0.09%
T	B	0.51%	0.73%	0.51%
TJX	D	1.56%	0.44%	0.44%
TMUS	A	1.56%	1.72%	1.56%
TRV	B	0.43%	1.04%	0.43%
TXN	C	1.54%	1.39%	1.39%
UNH	B	0.85%	1.36%	0.85%
V	B	0.44%	0.8%	0.44%
VRTX	D	0.04%	0.72%	0.04%
VZ	C	1.2%	1.46%	1.2%
WEC	B	0.39%	0.76%	0.39%
WM	B	1.46%	1.37%	1.37%
WMB	A	0.97%	0.24%	0.24%
WMT	A	1.47%	1.67%	1.47%
XOM	A	1.42%	0.46%	0.46%

VFMV Overweight 76 Positions Relative to USMV

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

VFMV Underweight 100 Positions Relative to USMV

Symbol	Grade	Weight
WCN	D	-1.48%
SO	A	-1.39%
APH	D	-1.29%
ORCL	A	-1.16%
MMC	D	-1.12%
GDDY	B	-0.82%
ACGL	A	-0.81%
CTSH	B	-0.76%
FCNCA	D	-0.73%
KDP	C	-0.7%
MA	A	-0.67%
VRSN	C	-0.67%
ELV	F	-0.67%
TSN	D	-0.67%
NOW	B	-0.64%
COR	F	-0.62%
BDX	C	-0.61%
FI	A	-0.59%
KR	C	-0.59%
NEM	C	-0.58%
MPC	D	-0.57%
KEYS	B	-0.56%
TDY	A	-0.54%
ERIE	A	-0.54%
YUM	C	-0.53%
NVDA	B	-0.53%
FFIV	B	-0.51%
INCY	B	-0.51%
FICO	C	-0.5%
JNPR	C	-0.5%
AON	A	-0.49%
UBER	C	-0.48%
PTC	B	-0.48%
BAH	C	-0.46%
EG	A	-0.46%
CDW	D	-0.44%
KHC	F	-0.43%
XEL	C	-0.43%
AEP	C	-0.41%
WDAY	D	-0.4%
VRSK	D	-0.4%
HUM	F	-0.4%
CMCSA	B	-0.38%
WTW	C	-0.37%
CPB	D	-0.37%
CTVA	A	-0.37%
IT	A	-0.34%
AFG	A	-0.34%
GEN	A	-0.33%
MKL	B	-0.32%
FWONK	D	-0.3%
GLW	C	-0.3%
HD	A	-0.3%
ICE	A	-0.29%
ANET	A	-0.29%
AIZ	B	-0.29%
WRB	C	-0.29%
L	C	-0.27%
GRMN	D	-0.27%
BMRN	F	-0.25%
ALNY	C	-0.25%
AEE	A	-0.23%
D	A	-0.23%
PFE	D	-0.23%
HRL	F	-0.22%
MOH	F	-0.22%
AZPN	A	-0.22%
HON	C	-0.22%
CI	D	-0.22%
HUBS	D	-0.19%
MELI	D	-0.19%
STX	C	-0.18%
PKG	B	-0.18%
TW	A	-0.18%
DPZ	D	-0.18%
HOLX	D	-0.17%
SNPS	F	-0.17%
LIN	C	-0.17%
CDNS	D	-0.16%
EOG	B	-0.16%
CRWD	D	-0.15%
UTHR	C	-0.14%
MDT	C	-0.14%
OXY	D	-0.13%
HIG	A	-0.12%
LNT	B	-0.1%
DELL	C	-0.1%
DGX	D	-0.1%
ABT	C	-0.09%
FSLR	C	-0.08%
ADP	A	-0.08%
TEL	D	-0.07%
OTIS	A	-0.07%
KNX	D	-0.06%
ULTA	D	-0.05%
VLO	F	-0.05%
BR	B	-0.05%
CVS	D	-0.05%
ATO	A	-0.05%
CRM	B	-0.04%