IWX vs. USMV ETF Comparison

Comparison of iShares Russell Top 200 Value ETF (IWX) to iShares MSCI USA Minimum Volatility ETF (USMV)

IWX

iShares Russell Top 200 Value ETF

IWX Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Top 200 Value Index (the "underlying index"), which is a style factor weighted index that measures the performance of the largest capitalization value sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$80.98

Average Daily Volume

160,995

Number of Holdings ^*

158

* 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

$91.07

Average Daily Volume

2,239,373

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	IWX	USMV
30 Days	2.15%	1.20%
60 Days	4.72%	5.77%
90 Days	8.69%	9.04%
12 Months	25.58%	27.40%

73 Overlapping Holdings

Symbol	Grade	Weight in IWX	Weight in USMV	Overlap
ABBV	B	1.2%	1.21%	1.2%
ABT	C	1.22%	0.09%	0.09%
ACN	C	1.31%	1.24%	1.24%
ADI	C	0.7%	0.25%	0.25%
ADP	C	0.05%	0.08%	0.05%
AEP	C	0.33%	0.41%	0.33%
AMGN	D	0.25%	0.7%	0.25%
AON	B	0.42%	0.49%	0.42%
APH	C	0.2%	1.34%	0.2%
AZO	B	0.03%	0.96%	0.03%
BDX	D	0.42%	0.6%	0.42%
BMY	C	0.62%	0.43%	0.43%
BRK.A	C	5.16%	1.51%	1.51%
CB	B	0.73%	1.5%	0.73%
CI	C	0.56%	0.23%	0.23%
CL	C	0.23%	0.46%	0.23%
CMCSA	C	0.95%	0.38%	0.38%
CME	B	0.47%	0.51%	0.47%
CRM	C	0.24%	0.04%	0.04%
CSCO	B	1.3%	1.35%	1.3%
CVS	D	0.45%	0.05%	0.05%
CVX	F	1.55%	0.31%	0.31%
D	C	0.3%	0.23%	0.23%
DELL	C	0.17%	0.1%	0.1%
DUK	B	0.56%	1.53%	0.56%
ELV	D	0.65%	0.69%	0.65%
EOG	D	0.45%	0.16%	0.16%
FI	B	0.43%	0.57%	0.43%
GD	C	0.52%	0.06%	0.06%
GILD	B	0.65%	0.9%	0.65%
HD	B	0.48%	0.29%	0.29%
HON	C	0.69%	0.22%	0.22%
IBM	B	1.24%	1.75%	1.24%
ICE	C	0.56%	0.29%	0.29%
JNJ	C	2.45%	1.26%	1.26%
KDP	B	0.25%	0.71%	0.25%
KHC	C	0.19%	0.43%	0.19%
KMB	C	0.17%	0.22%	0.17%
KO	B	0.73%	0.11%	0.11%
LIN	B	1.4%	0.18%	0.18%
LMT	A	0.51%	0.9%	0.51%
MCD	B	1.24%	1.29%	1.24%
MCK	F	0.23%	1.06%	0.23%
MDLZ	C	0.62%	0.51%	0.51%
MDT	B	0.71%	0.14%	0.14%
MMC	C	0.59%	1.12%	0.59%
MPC	F	0.36%	0.56%	0.36%
MSI	B	0.24%	1.67%	0.24%
NEM	C	0.39%	0.6%	0.39%
NOC	B	0.45%	1.54%	0.45%
ORLY	B	0.03%	0.64%	0.03%
OXY	F	0.21%	0.13%	0.13%
PEP	D	0.31%	1.1%	0.31%
PFE	D	1.03%	0.24%	0.24%
PG	C	1.98%	1.25%	1.25%
PGR	C	0.15%	1.68%	0.15%
PSX	F	0.34%	0.06%	0.06%
REGN	D	0.68%	0.83%	0.68%
ROP	C	0.37%	1.31%	0.37%
RSG	D	0.26%	1.5%	0.26%
RTX	B	0.97%	0.09%	0.09%
SO	B	0.61%	1.38%	0.61%
T	B	0.96%	0.71%	0.71%
TJX	C	0.34%	0.44%	0.34%
TMUS	B	0.6%	1.69%	0.6%
TRV	C	0.34%	1.05%	0.34%
TXN	B	1.01%	1.42%	1.01%
UNH	C	3.05%	1.34%	1.34%
VLO	F	0.27%	0.05%	0.05%
VRTX	D	0.37%	0.71%	0.37%
VZ	A	1.16%	1.44%	1.16%
WMT	B	2.12%	1.66%	1.66%
XOM	D	3.2%	0.45%	0.45%

IWX Overweight 85 Positions Relative to USMV

Symbol	Grade	Weight
JPM	D	3.74%
BAC	D	1.69%
TMO	B	1.45%
WFC	D	1.22%
PM	C	1.16%
DHR	B	1.09%
DIS	D	1.07%
NEE	B	1.05%
SPGI	C	1.01%
GE	C	0.99%
CAT	B	0.96%
LOW	B	0.92%
BLK	B	0.85%
ETN	C	0.82%
COP	F	0.8%
BSX	B	0.76%
C	C	0.74%
PLD	C	0.72%
GS	B	0.71%
MS	B	0.69%
DE	A	0.63%
MU	D	0.62%
INTC	D	0.58%
UPS	D	0.58%
AXP	B	0.58%
SYK	C	0.57%
MO	C	0.54%
SCHW	D	0.54%
AMD	C	0.53%
PYPL	B	0.49%
EQIX	B	0.49%
PH	B	0.49%
UNP	D	0.48%
WELL	C	0.47%
PNC	C	0.46%
BA	F	0.46%
TGT	C	0.44%
USB	C	0.44%
CEG	C	0.42%
CSX	C	0.42%
GEV	B	0.41%
CARR	B	0.41%
KKR	B	0.4%
APD	B	0.4%
CRH	B	0.39%
FCX	C	0.39%
SLB	F	0.38%
TDG	B	0.38%
EMR	D	0.37%
MMM	B	0.37%
TT	B	0.36%
HCA	B	0.36%
FDX	D	0.36%
COF	B	0.36%
MRVL	D	0.36%
NSC	C	0.35%
MAR	B	0.35%
TFC	D	0.35%
GM	C	0.34%
SRE	B	0.33%
JCI	B	0.31%
PCAR	D	0.31%
AIG	D	0.3%
PSA	C	0.3%
ITW	B	0.29%
MET	B	0.29%
F	F	0.26%
STZ	C	0.25%
NKE	D	0.25%
EW	F	0.2%
SBUX	C	0.15%
MRNA	F	0.13%
ZTS	B	0.1%
APO	B	0.1%
EL	D	0.08%
AMAT	D	0.08%
QCOM	D	0.07%
MNST	D	0.05%
SHW	B	0.05%
ECL	B	0.05%
BKNG	B	0.05%
FTNT	B	0.05%
DASH	B	0.04%
CPRT	D	0.02%
CTAS	C	0.02%

IWX Underweight 97 Positions Relative to USMV

Symbol	Grade	Weight
LLY	D	-1.58%
WCN	D	-1.49%
MSFT	C	-1.38%
WM	D	-1.37%
AVGO	C	-1.26%
MRK	F	-1.21%
AJG	D	-1.21%
ED	B	-1.2%
ORCL	B	-1.15%
AAPL	C	-0.99%
CBOE	C	-0.86%
GDDY	C	-0.84%
K	A	-0.81%
ACGL	B	-0.81%
V	C	-0.78%
GIS	B	-0.77%
CTSH	B	-0.76%
EA	D	-0.76%
FCNCA	D	-0.74%
WEC	B	-0.74%
NOW	C	-0.68%
TSN	D	-0.68%
MA	B	-0.66%
VRSN	C	-0.66%
COR	F	-0.62%
KR	B	-0.59%
FANG	F	-0.57%
KEYS	B	-0.56%
NVDA	C	-0.55%
ERIE	B	-0.54%
TDY	B	-0.53%
FFIV	B	-0.52%
YUM	B	-0.51%
JNPR	A	-0.5%
FICO	B	-0.5%
UBER	C	-0.5%
PTC	C	-0.49%
INCY	C	-0.48%
CDW	D	-0.46%
AKAM	D	-0.46%
BAH	B	-0.45%
EG	B	-0.45%
HUM	F	-0.45%
XEL	B	-0.43%
WDAY	D	-0.41%
VRSK	D	-0.4%
CPB	C	-0.38%
CHD	C	-0.37%
ROL	C	-0.37%
CTVA	B	-0.37%
WTW	B	-0.35%
HSY	D	-0.34%
IT	C	-0.34%
AFG	C	-0.34%
GEN	A	-0.33%
NBIX	F	-0.32%
MKL	C	-0.32%
GLW	B	-0.3%
FWONK	C	-0.3%
AIZ	B	-0.29%
WRB	D	-0.29%
ANET	C	-0.29%
GRMN	D	-0.28%
L	D	-0.27%
BMRN	F	-0.25%
ALNY	C	-0.25%
WMB	C	-0.24%
AEE	B	-0.23%
HRL	F	-0.22%
NTAP	D	-0.22%
MOH	D	-0.22%
AZPN	B	-0.22%
MELI	C	-0.2%
CMS	B	-0.2%
DTE	A	-0.2%
HUBS	D	-0.19%
TW	B	-0.18%
STX	B	-0.18%
PKG	B	-0.18%
DPZ	D	-0.18%
HOLX	D	-0.17%
SNPS	F	-0.17%
CRWD	D	-0.16%
CDNS	D	-0.16%
GOOG	D	-0.15%
UTHR	B	-0.14%
AMZN	C	-0.13%
HIG	B	-0.12%
LNT	A	-0.1%
DGX	B	-0.1%
FSLR	C	-0.08%
TEL	D	-0.07%
KNX	C	-0.06%
OTIS	B	-0.06%
BR	C	-0.05%
ULTA	D	-0.05%
ATO	B	-0.05%