AGOX vs. USMV ETF Comparison

Comparison of Adaptive Growth Opportunities ETF (AGOX) to iShares MSCI USA Minimum Volatility ETF (USMV)

AGOX

Adaptive Growth Opportunities ETF

AGOX Description

The investment seeks capital appreciation. The fund's portfolio manager seeks to achieve its investment objective of capital appreciation by investing in ETFs that are registered under the Investment Company Act of 1940, as amended and not affiliated with the fund that invest in equity securities of any market capitalization of issuers from a number of countries throughout the world, including emerging market countries. The manager primarily utilizes ETFs and equities but may also use fixed income securities to diversify its asset classes. The fixed income securities in which the fund will invest will be investment grade and may be of any duration or maturity.

Grade (RS Rating)

Last Trade

$29.03

Average Daily Volume

37,377

Number of Holdings ^*

* 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

$90.05

Average Daily Volume

2,232,096

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	AGOX	USMV
30 Days	7.70%	0.70%
60 Days	6.96%	7.72%
90 Days	1.38%	8.91%
12 Months	28.38%	29.23%

19 Overlapping Holdings

Symbol	Grade	Weight in AGOX	Weight in USMV	Overlap
AAPL	C	1.96%	0.98%	0.98%
ADI	B	0.01%	0.24%	0.01%
AMZN	C	7.25%	0.12%	0.12%
AVGO	B	2.86%	1.2%	1.2%
CBOE	B	0.59%	0.87%	0.59%
CDNS	D	0.45%	0.16%	0.16%
CRM	B	1.4%	0.04%	0.04%
FICO	C	0.95%	0.5%	0.5%
LLY	D	9.22%	1.51%	1.51%
MPC	D	0.01%	0.57%	0.01%
MSFT	D	1.59%	1.35%	1.35%
NVDA	B	2.53%	0.53%	0.53%
PGR	B	1.3%	1.67%	1.3%
REGN	D	0.82%	0.83%	0.82%
SNPS	F	0.66%	0.17%	0.17%
T	B	0.8%	0.73%	0.73%
VRSK	D	1.04%	0.4%	0.4%
VRTX	D	1.05%	0.72%	0.72%
XOM	A	0.01%	0.46%	0.01%

AGOX Overweight 57 Positions Relative to USMV

Symbol	Grade	Weight
QQQ	B	6.61%
XLC	A	3.53%
HWM	A	2.03%
BSX	A	1.86%
SMH	B	1.47%
GE	B	1.24%
DECK	B	1.04%
KCE	A	1.02%
VRT	B	0.98%
CEG	A	0.88%
NVO	F	0.87%
BMI	A	0.86%
GWW	B	0.86%
APPF	C	0.84%
TDG	A	0.83%
CPRT	B	0.81%
ETN	B	0.79%
CRS	B	0.76%
INTC	D	0.75%
XAR	A	0.67%
MMS	C	0.65%
SPSC	D	0.64%
SMCI	F	0.54%
ARGT	C	0.47%
ANF	D	0.45%
AMD	C	0.43%
PTGX	C	0.42%
IR	A	0.42%
BKNG	B	0.39%
AMP	A	0.38%
MOG.A	C	0.37%
IESC	A	0.34%
RJF	B	0.3%
FSS	D	0.3%
ECL	C	0.29%
GRBK	C	0.29%
TYL	D	0.28%
TPH	C	0.28%
AI	D	0.26%
HUBB	A	0.25%
MDGL	F	0.24%
META	A	0.23%
SWKS	F	0.22%
BAC	B	0.21%
AROC	B	0.2%
WCC	D	0.2%
MANH	A	0.2%
WINA	C	0.2%
SCHW	D	0.19%
TEX	F	0.18%
PWR	A	0.12%
ACLS	F	0.05%
TSLA	C	0.05%
SAGE	F	0.03%
ELF	F	0.03%
BIO	B	0.0%
OGIG	A	0.0%

AGOX Underweight 151 Positions Relative to USMV

Symbol	Grade	Weight
IBM	A	-1.74%
TMUS	A	-1.72%
MSI	A	-1.67%
WMT	A	-1.67%
NOC	B	-1.58%
DUK	C	-1.53%
BRK.A	B	-1.52%
CB	A	-1.51%
WCN	D	-1.48%
RSG	D	-1.48%
VZ	C	-1.46%
TXN	C	-1.39%
SO	A	-1.39%
WM	B	-1.37%
UNH	B	-1.36%
CSCO	A	-1.36%
MCD	A	-1.3%
ROP	D	-1.3%
APH	D	-1.29%
ACN	B	-1.28%
PG	D	-1.25%
JNJ	D	-1.25%
AJG	C	-1.24%
ED	C	-1.23%
ABBV	C	-1.23%
MRK	F	-1.21%
ORCL	A	-1.16%
MMC	D	-1.12%
PEP	F	-1.11%
MCK	F	-1.1%
TRV	B	-1.04%
AZO	D	-1.0%
LMT	A	-0.94%
GILD	A	-0.9%
GDDY	B	-0.82%
K	B	-0.81%
ACGL	A	-0.81%
V	B	-0.8%
GIS	C	-0.78%
CTSH	B	-0.76%
WEC	B	-0.76%
EA	D	-0.76%
FCNCA	D	-0.73%
KDP	C	-0.7%
AMGN	D	-0.68%
MA	A	-0.67%
VRSN	C	-0.67%
ELV	F	-0.67%
TSN	D	-0.67%
ORLY	A	-0.65%
NOW	B	-0.64%
COR	F	-0.62%
BDX	C	-0.61%
FI	A	-0.59%
KR	C	-0.59%
NEM	C	-0.58%
KEYS	B	-0.56%
TDY	A	-0.54%
ERIE	A	-0.54%
FANG	D	-0.54%
CME	A	-0.53%
YUM	C	-0.53%
FFIV	B	-0.51%
INCY	B	-0.51%
JNPR	C	-0.5%
MDLZ	D	-0.5%
AON	A	-0.49%
UBER	C	-0.48%
PTC	B	-0.48%
BAH	C	-0.46%
EG	A	-0.46%
CL	D	-0.45%
AKAM	D	-0.45%
TJX	D	-0.44%
CDW	D	-0.44%
BMY	A	-0.44%
KHC	F	-0.43%
XEL	C	-0.43%
AEP	C	-0.41%
WDAY	D	-0.4%
HUM	F	-0.4%
CMCSA	B	-0.38%
WTW	C	-0.37%
CPB	D	-0.37%
ROL	C	-0.37%
CHD	D	-0.37%
CTVA	A	-0.37%
IT	A	-0.34%
AFG	A	-0.34%
GEN	A	-0.33%
HSY	D	-0.33%
CVX	B	-0.32%
MKL	B	-0.32%
NBIX	F	-0.31%
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%
WMB	A	-0.24%
AEE	A	-0.23%
D	A	-0.23%
PFE	D	-0.23%
NTAP	D	-0.22%
HRL	F	-0.22%
MOH	F	-0.22%
KMB	D	-0.22%
AZPN	A	-0.22%
HON	C	-0.22%
CI	D	-0.22%
DTE	B	-0.21%
CMS	A	-0.2%
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%
LIN	C	-0.17%
EOG	B	-0.16%
CRWD	D	-0.15%
GOOG	B	-0.15%
UTHR	C	-0.14%
MDT	C	-0.14%
OXY	D	-0.13%
HIG	A	-0.12%
KO	C	-0.11%
LNT	B	-0.1%
DELL	C	-0.1%
DGX	D	-0.1%
ABT	C	-0.09%
RTX	A	-0.09%
FSLR	C	-0.08%
ADP	A	-0.08%
TEL	D	-0.07%
OTIS	A	-0.07%
PSX	D	-0.06%
GD	C	-0.06%
KNX	D	-0.06%
ULTA	D	-0.05%
VLO	F	-0.05%
BR	B	-0.05%
CVS	D	-0.05%
ATO	A	-0.05%