DSTL vs. USMV ETF Comparison

Comparison of Distillate U.S. Fundamental Stability & Value ETF (DSTL) to iShares MSCI USA Minimum Volatility ETF (USMV)

DSTL

Distillate U.S. Fundamental Stability & Value ETF

DSTL Description

The investment seeks to track the performance, before fees and expenses, of the Distillate U.S. Fundamental Stability & Value Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index was developed in 2018 by Distillate Capital Partners LLC, the fund's investment adviser and index provider (the "Adviser"), and uses an objective, rules-based methodology to measure the performance of U.S.-listed, large-capitalization equity securities, selected based on certain fundamental factors.

Grade (RS Rating)

Last Trade

$57.24

Average Daily Volume

89,879

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

$92.13

Average Daily Volume

1,713,718

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	DSTL	USMV
30 Days	0.26%	-0.12%
60 Days	2.98%	1.32%
90 Days	5.56%	4.11%
12 Months	26.08%	25.54%

35 Overlapping Holdings

Symbol	Grade	Weight in DSTL	Weight in USMV	Overlap
ABBV	F	2.24%	1.22%	1.22%
ABT	C	1.43%	0.09%	0.09%
ADP	A	1.37%	0.09%	0.09%
AJG	A	0.92%	1.25%	0.92%
AMGN	F	1.73%	0.67%	0.67%
BR	A	0.8%	0.05%	0.05%
CBOE	D	0.69%	0.8%	0.69%
CI	D	1.53%	0.2%	0.2%
CMCSA	B	1.95%	0.39%	0.39%
CME	B	0.99%	0.51%	0.51%
CRM	B	2.02%	0.05%	0.05%
CSCO	A	2.15%	1.46%	1.46%
CTSH	A	0.88%	0.78%	0.78%
DGX	B	0.76%	0.1%	0.1%
EA	A	0.88%	0.83%	0.83%
ELV	F	1.15%	0.54%	0.54%
FANG	C	0.99%	0.54%	0.54%
FFIV	B	0.76%	0.55%	0.55%
GD	C	1.04%	0.06%	0.06%
GDDY	B	0.87%	0.92%	0.87%
GIS	F	0.74%	0.67%	0.67%
HON	B	1.31%	0.23%	0.23%
HRL	F	0.7%	0.2%	0.2%
HSY	F	0.74%	0.3%	0.3%
JNJ	D	2.48%	1.17%	1.17%
KR	A	0.92%	0.61%	0.61%
LMT	D	1.16%	0.85%	0.85%
MCK	B	1.41%	1.32%	1.32%
NTAP	D	0.76%	0.22%	0.22%
PKG	B	0.81%	0.2%	0.2%
TDY	B	0.82%	0.58%	0.58%
TMUS	A	2.46%	1.92%	1.92%
ULTA	C	0.7%	0.05%	0.05%
UNH	B	3.36%	1.4%	1.4%
VRSN	C	0.72%	0.64%	0.64%

DSTL Overweight 62 Positions Relative to USMV

Symbol	Grade	Weight
BKNG	A	1.58%
QCOM	F	1.54%
MO	A	1.47%
LOW	B	1.33%
AMAT	F	1.21%
PYPL	A	1.2%
PCAR	B	1.19%
FDX	B	1.16%
EPD	A	1.14%
MPLX	A	1.08%
LRCX	F	1.02%
ABNB	C	1.01%
PAYX	B	1.0%
CMI	A	0.93%
CPAY	A	0.91%
AME	A	0.89%
FIS	B	0.89%
JBL	C	0.88%
WAB	B	0.87%
SW	B	0.87%
ZM	B	0.86%
SYY	D	0.86%
JAZZ	B	0.85%
FIX	B	0.85%
OC	A	0.85%
EPAM	B	0.84%
LEN	D	0.83%
OMC	A	0.82%
PR	C	0.81%
ON	F	0.79%
USFD	B	0.79%
LECO	C	0.79%
DBX	B	0.79%
TOL	B	0.79%
GMED	B	0.78%
PHM	D	0.77%
SSNC	C	0.76%
TXT	D	0.75%
DOX	C	0.75%
NVR	D	0.74%
TPX	B	0.72%
GGG	B	0.72%
DRI	B	0.72%
MAS	D	0.71%
ALLE	D	0.7%
MEDP	D	0.7%
LKQ	C	0.7%
DKS	D	0.66%
SWKS	F	0.66%
AVY	F	0.66%
EMN	D	0.65%
BLD	F	0.65%
GPC	D	0.64%
WSM	F	0.63%
UHS	D	0.63%
AOS	F	0.62%
WEX	D	0.61%
WMS	F	0.61%
HII	F	0.56%
ICLR	F	0.54%
CROX	F	0.5%
QRVO	F	0.46%

DSTL Underweight 135 Positions Relative to USMV

Symbol	Grade	Weight
MSI	B	-1.83%
WMT	A	-1.7%
PGR	A	-1.68%
IBM	D	-1.65%
RSG	B	-1.52%
WCN	A	-1.5%
BRK.A	B	-1.5%
NOC	D	-1.5%
TXN	B	-1.49%
DUK	D	-1.46%
APH	B	-1.46%
WM	A	-1.44%
CB	C	-1.42%
LLY	F	-1.39%
SO	D	-1.33%
MSFT	C	-1.32%
ROP	A	-1.31%
AVGO	C	-1.29%
ORCL	A	-1.28%
VZ	D	-1.27%
ACN	B	-1.26%
MCD	C	-1.25%
PG	C	-1.18%
ED	D	-1.12%
MMC	D	-1.11%
TRV	B	-1.11%
MRK	F	-1.06%
PEP	D	-1.05%
GILD	B	-1.01%
AZO	B	-0.96%
AAPL	C	-0.96%
V	A	-0.86%
FCNCA	B	-0.84%
K	A	-0.79%
VRTX	B	-0.78%
WEC	B	-0.75%
T	A	-0.72%
NOW	A	-0.72%
ACGL	C	-0.71%
MA	B	-0.69%
ORLY	A	-0.67%
COR	B	-0.67%
TSN	B	-0.66%
NVDA	A	-0.66%
FI	A	-0.66%
REGN	F	-0.64%
KDP	C	-0.61%
INCY	B	-0.61%
FICO	B	-0.59%
KEYS	C	-0.58%
BDX	F	-0.57%
AON	B	-0.53%
MPC	D	-0.52%
YUM	B	-0.51%
PTC	B	-0.51%
BAH	C	-0.5%
JNPR	D	-0.48%
NEM	F	-0.47%
MDLZ	F	-0.45%
UBER	F	-0.45%
XOM	B	-0.45%
XEL	A	-0.44%
BMY	B	-0.44%
TJX	A	-0.43%
VRSK	A	-0.42%
WDAY	B	-0.42%
ERIE	F	-0.42%
EG	D	-0.42%
HUM	D	-0.41%
KHC	F	-0.4%
CDW	F	-0.4%
CL	F	-0.4%
AKAM	F	-0.39%
WTW	A	-0.38%
AEP	D	-0.38%
CTVA	C	-0.37%
CHD	A	-0.37%
IT	B	-0.36%
ROL	C	-0.36%
GEN	B	-0.35%
CPB	F	-0.34%
AFG	A	-0.34%
CVX	A	-0.33%
GRMN	A	-0.33%
MKL	A	-0.33%
NBIX	C	-0.33%
FWONK	A	-0.31%
GLW	B	-0.31%
ANET	C	-0.3%
AIZ	A	-0.3%
WRB	B	-0.3%
WMB	B	-0.29%
HD	B	-0.29%
ICE	C	-0.27%
L	A	-0.27%
ALNY	D	-0.25%
ADI	D	-0.24%
AZPN	A	-0.23%
HUBS	B	-0.23%
AEE	B	-0.23%
BMRN	F	-0.23%
D	D	-0.22%
MOH	F	-0.21%
PFE	F	-0.21%
KMB	D	-0.2%
CMS	D	-0.19%
DTE	D	-0.19%
SNPS	C	-0.19%
TW	B	-0.19%
DPZ	C	-0.19%
EOG	A	-0.17%
STX	D	-0.17%
MELI	D	-0.17%
CDNS	B	-0.17%
CRWD	B	-0.17%
HOLX	D	-0.16%
GOOG	C	-0.16%
LIN	D	-0.16%
UTHR	B	-0.15%
AMZN	A	-0.14%
MDT	D	-0.13%
HIG	C	-0.12%
OXY	F	-0.12%
DELL	C	-0.11%
KO	F	-0.1%
RTX	D	-0.09%
LNT	C	-0.09%
KNX	C	-0.07%
TEL	B	-0.07%
FSLR	F	-0.06%
OTIS	D	-0.06%
VLO	C	-0.05%
PSX	C	-0.05%
ATO	B	-0.05%
CVS	F	-0.04%