ACWV vs. REW ETF Comparison

Comparison of iShares MSCI All Country World Minimum Volatility Index Fund (ACWV) to ProShares UltraShort Technology (REW)

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. 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. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$114.72

Average Daily Volume

151,492

Number of Holdings ^*

141

* may have additional holdings in another (foreign) market

REW

ProShares UltraShort Technology

REW Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. TechnologySM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the technology sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.02

Average Daily Volume

41,212

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ACWV	REW
30 Days	1.57%	-6.11%
60 Days	6.36%	-11.15%
90 Days	9.63%	-2.33%
12 Months	22.70%	-48.78%

18 Overlapping Holdings

Symbol	Grade	Weight in ACWV	Weight in REW	Overlap
AKAM	D	0.3%	0.23%	0.23%
ANET	C	0.06%	0.18%	0.06%
AZPN	B	0.1%	0.14%	0.1%
BAH	B	0.38%	0.17%	0.17%
CSCO	B	1.39%	3.09%	1.39%
CTSH	B	0.19%	0.51%	0.19%
FFIV	B	0.32%	0.12%	0.12%
FICO	B	0.1%	0.17%	0.1%
GDDY	C	0.55%	0.19%	0.19%
IBM	B	0.74%	1.82%	0.74%
IT	C	0.07%	0.21%	0.07%
JNPR	A	0.32%	0.12%	0.12%
MSFT	C	0.78%	17.29%	0.78%
MSI	B	1.66%	0.45%	0.45%
ORCL	B	0.48%	1.77%	0.48%
PTC	C	0.2%	0.12%	0.12%
VRSN	C	0.35%	0.33%	0.33%
WDAY	D	0.09%	0.44%	0.09%

ACWV Overweight 123 Positions Relative to REW

Symbol	Grade	Weight
TMUS	B	1.7%
WMT	B	1.67%
WM	D	1.37%
ROP	C	1.34%
MRK	F	1.25%
MCK	F	1.17%
PEP	D	1.14%
JNJ	C	1.13%
RSG	D	1.13%
VRTX	D	1.11%
MCD	B	1.0%
COR	F	0.97%
ED	B	0.9%
CB	B	0.89%
MMC	C	0.89%
BRK.A	C	0.89%
REGN	D	0.89%
PG	C	0.84%
PGR	C	0.83%
DUK	B	0.83%
SO	B	0.82%
VZ	A	0.81%
NOC	B	0.8%
UNH	C	0.8%
KR	B	0.77%
AZO	B	0.74%
GIS	B	0.71%
WEC	B	0.65%
ACGL	B	0.64%
LLY	D	0.6%
ELV	D	0.56%
CBOE	C	0.56%
ORLY	B	0.56%
ABBV	B	0.56%
K	A	0.56%
EA	D	0.54%
V	C	0.54%
HSY	D	0.48%
APH	C	0.48%
GILD	B	0.43%
CHD	C	0.43%
FI	B	0.41%
KEYS	B	0.41%
KDP	B	0.4%
MKL	C	0.4%
AMGN	D	0.39%
CL	C	0.39%
WRB	D	0.39%
WCN	D	0.38%
CHT	B	0.38%
L	D	0.38%
KHC	C	0.36%
TJX	C	0.36%
UTHR	B	0.36%
ERIE	B	0.34%
HUM	F	0.34%
AON	B	0.33%
AJG	D	0.32%
KMB	C	0.32%
INCY	C	0.32%
TSN	D	0.3%
NBIX	F	0.3%
SJM	C	0.29%
TRV	C	0.29%
MDLZ	C	0.28%
GEN	A	0.27%
BRO	C	0.27%
CI	C	0.26%
HRL	F	0.25%
T	B	0.25%
CPB	C	0.25%
ACN	C	0.24%
LMT	A	0.24%
CF	B	0.24%
YUM	B	0.23%
BDX	D	0.23%
CME	B	0.22%
FCNCA	D	0.21%
BMY	C	0.21%
BMRN	F	0.21%
ROL	C	0.21%
JKHY	B	0.2%
FWONK	C	0.2%
GD	C	0.19%
MA	B	0.18%
DPZ	D	0.18%
CAH	C	0.17%
CMS	B	0.17%
ULTA	D	0.17%
DGX	B	0.15%
MPC	F	0.15%
MOH	D	0.14%
LNG	D	0.13%
NEM	C	0.12%
CTVA	B	0.12%
WIT	C	0.11%
AIZ	B	0.11%
MNST	D	0.11%
PCG	C	0.1%
XOM	D	0.1%
TDY	B	0.1%
AEE	B	0.1%
ABT	C	0.1%
XEL	B	0.1%
EG	B	0.1%
WTW	B	0.09%
DINO	F	0.07%
TPL	C	0.07%
AEP	C	0.07%
KO	B	0.06%
CHRW	B	0.06%
HSIC	C	0.06%
TRGP	C	0.06%
FANG	F	0.06%
ACI	F	0.05%
HOLX	D	0.05%
GPC	D	0.05%
KNX	C	0.05%
CAG	B	0.05%
SGD	F	0.0%
SAR	C	0.0%
HKD	C	0.0%
IDR	C	0.0%

ACWV Underweight 70 Positions Relative to REW

Symbol	Grade	Weight
AAPL	C	-18.06%
GOOGL	D	-5.25%
GOOG	D	-5.24%
META	B	-4.46%
INTC	D	-3.85%
ADBE	F	-2.51%
CRM	C	-2.4%
NVDA	C	-2.26%
TXN	B	-1.83%
AVGO	C	-1.82%
QCOM	D	-1.63%
INTU	D	-1.09%
MU	D	-0.95%
NOW	C	-0.87%
AMAT	D	-0.86%
AMD	C	-0.84%
LRCX	D	-0.66%
ADI	C	-0.65%
ADSK	B	-0.63%
HPQ	C	-0.48%
KLAC	D	-0.42%
EBAY	B	-0.41%
MCHP	D	-0.39%
PANW	D	-0.35%
SNPS	F	-0.34%
ANSS	D	-0.34%
CDNS	D	-0.31%
SWKS	F	-0.31%
IAC	C	-0.3%
WDC	C	-0.3%
VEEV	C	-0.29%
HPE	C	-0.29%
CDW	D	-0.29%
MRVL	D	-0.28%
FTNT	B	-0.25%
PAYC	D	-0.22%
TWLO	C	-0.22%
SNAP	D	-0.22%
SSNC	C	-0.21%
STX	B	-0.21%
OKTA	F	-0.21%
NTAP	D	-0.21%
GRMN	D	-0.21%
RNG	F	-0.21%
QRVO	F	-0.2%
LDOS	A	-0.2%
LUMN	C	-0.2%
EPAM	F	-0.19%
TYL	C	-0.18%
TTD	B	-0.17%
TER	C	-0.17%
DOX	C	-0.15%
ON	D	-0.15%
DXC	D	-0.14%
GWRE	B	-0.14%
OLED	D	-0.13%
DOCU	C	-0.13%
DELL	C	-0.12%
HUBS	D	-0.11%
DAY	D	-0.11%
MPWR	B	-0.11%
ENTG	D	-0.11%
CIEN	B	-0.1%
CACI	B	-0.1%
XRX	D	-0.1%
LITE	B	-0.09%
SNX	C	-0.09%
Z	C	-0.09%
ETSY	D	-0.09%
MKSI	F	-0.09%