IYW vs. QDEF ETF Comparison

Comparison of iShares U.S. Technology ETF (IYW) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

IYW

iShares U.S. Technology ETF

IYW Description

The investment seeks to track the investment results of an index composed of U.S. equities in the technology sector. 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 Dow Jones U.S. Technology Index (the "underlying index"), which measures the performance of the technology sector of the U.S. equity market. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$151.66

Average Daily Volume

898,285

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

QDEF

FlexShares Quality Dividend Defensive Index Fund

QDEF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend Defensive IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility that is lower than that of the Northern Trust 1250 IndexSM. It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$71.13

Average Daily Volume

6,642

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	IYW	QDEF
30 Days	7.61%	3.01%
60 Days	13.84%	9.72%
90 Days	-2.82%	8.06%
12 Months	43.88%	35.58%

19 Overlapping Holdings

Symbol	Grade	Weight in IYW	Weight in QDEF	Overlap
AAPL	C	15.8%	6.09%	6.09%
AVGO	B	3.37%	0.88%	0.88%
BSY	D	0.06%	0.39%	0.06%
DELL	C	0.28%	0.4%	0.28%
DOX	B	0.09%	0.5%	0.09%
GEN	A	0.13%	0.54%	0.13%
GOOG	B	2.23%	1.06%	1.06%
GOOGL	B	2.63%	1.31%	1.31%
IBM	A	1.82%	1.8%	1.8%
INTU	F	1.5%	1.13%	1.13%
KLAC	B	0.92%	0.93%	0.92%
LDOS	A	0.2%	0.57%	0.2%
META	A	4.18%	2.79%	2.79%
MSFT	D	15.06%	4.96%	4.96%
NVDA	B	13.29%	4.84%	4.84%
QCOM	D	1.67%	1.69%	1.67%
SAIC	A	0.06%	0.46%	0.06%
SWKS	F	0.14%	0.45%	0.14%
VRT	B	0.32%	0.37%	0.32%

IYW Overweight 121 Positions Relative to QDEF

Symbol	Grade	Weight
ORCL	A	2.37%
AMD	C	2.33%
CRM	B	2.3%
ADBE	F	2.02%
TXN	C	1.66%
NOW	B	1.61%
AMAT	C	1.48%
MU	D	1.0%
ADI	B	1.0%
LRCX	D	0.94%
PANW	B	0.92%
INTC	D	0.87%
APH	D	0.68%
SNPS	F	0.68%
PLTR	A	0.66%
CDNS	D	0.65%
CRWD	D	0.56%
MRVL	C	0.54%
ROP	D	0.53%
ADSK	B	0.52%
WDAY	D	0.46%
FTNT	A	0.44%
DASH	A	0.44%
MPWR	B	0.38%
MCHP	F	0.37%
IT	A	0.34%
CTSH	B	0.34%
HPQ	B	0.31%
DDOG	B	0.31%
GLW	C	0.31%
APP	A	0.31%
SNOW	F	0.31%
ON	F	0.28%
CDW	D	0.26%
ANSS	D	0.25%
NTAP	D	0.23%
TEAM	D	0.23%
MSTR	B	0.23%
HUBS	D	0.23%
HPE	B	0.23%
TYL	D	0.22%
NET	D	0.21%
GDDY	B	0.2%
WDC	C	0.2%
PTC	B	0.19%
PINS	D	0.18%
TER	C	0.18%
SMCI	F	0.18%
ZM	B	0.16%
MDB	D	0.16%
ENTG	D	0.15%
MANH	A	0.15%
PSTG	F	0.14%
AKAM	D	0.14%
ZS	F	0.14%
DT	B	0.14%
SSNC	C	0.14%
VRSN	C	0.14%
GWRE	A	0.13%
FFIV	B	0.12%
JBL	C	0.12%
NTNX	C	0.12%
COHR	B	0.11%
DOCU	A	0.11%
TOST	B	0.11%
TWLO	B	0.1%
EPAM	F	0.1%
CACI	A	0.1%
OKTA	F	0.1%
QRVO	F	0.09%
OLED	B	0.09%
MTCH	B	0.09%
ONTO	B	0.09%
PAYC	D	0.08%
KBR	A	0.08%
SNX	C	0.08%
DAY	C	0.08%
SMAR	A	0.07%
GLOB	D	0.07%
ESTC	F	0.06%
AZPN	A	0.06%
S	C	0.06%
PCOR	D	0.06%
CRUS	D	0.06%
U	D	0.06%
CART	B	0.06%
LSCC	D	0.06%
ARW	C	0.06%
KD	D	0.05%
APPF	C	0.05%
PATH	D	0.05%
GTLB	D	0.05%
MTSI	B	0.05%
DBX	C	0.05%
IAC	C	0.04%
DLB	D	0.04%
CFLT	F	0.04%
HCP	A	0.04%
PSN	A	0.04%
AVT	B	0.04%
CCCS	D	0.04%
TDC	D	0.03%
ZI	F	0.03%
PEGA	B	0.03%
AMKR	F	0.03%
DNB	D	0.03%
DXC	C	0.03%
GFS	F	0.03%
IPGP	D	0.02%
FIVN	F	0.02%
CNXC	F	0.02%
DV	F	0.02%
RNG	F	0.02%
NCNO	F	0.02%
ALGM	F	0.02%
CLVT	D	0.02%
DJT	F	0.01%
PYCR	D	0.01%
WOLF	F	0.01%
ALAB	C	0.01%
INFA	D	0.01%

IYW Underweight 104 Positions Relative to QDEF

Symbol	Grade	Weight
JNJ	D	-3.17%
HD	A	-3.13%
ABBV	C	-3.06%
PG	D	-2.97%
MRK	F	-2.66%
PM	D	-1.58%
LMT	A	-1.19%
ADP	A	-1.06%
TMUS	A	-1.0%
AMT	D	-0.99%
SBUX	B	-0.97%
TJX	D	-0.97%
GILD	A	-0.95%
CI	D	-0.9%
DUK	C	-0.82%
MO	D	-0.8%
T	B	-0.77%
KO	C	-0.76%
ITW	C	-0.72%
VZ	C	-0.72%
CME	A	-0.72%
MMM	C	-0.69%
MSI	A	-0.68%
PSA	C	-0.65%
AFL	A	-0.63%
JPM	C	-0.63%
PAYX	B	-0.62%
BK	A	-0.62%
MCK	F	-0.59%
D	A	-0.58%
BWXT	A	-0.57%
FIS	A	-0.57%
IRDM	C	-0.56%
WTW	C	-0.56%
CSCO	A	-0.56%
KMB	D	-0.56%
RMD	C	-0.56%
ED	C	-0.55%
PPL	C	-0.55%
EME	B	-0.55%
UNM	A	-0.54%
OTIS	A	-0.54%
AIZ	B	-0.54%
EQR	C	-0.54%
MAA	D	-0.54%
OHI	C	-0.54%
VRSK	D	-0.54%
PNW	C	-0.53%
GIS	C	-0.53%
ESS	D	-0.53%
EA	D	-0.53%
MET	A	-0.53%
CSL	A	-0.53%
COR	F	-0.53%
K	B	-0.53%
NSA	D	-0.53%
AVY	D	-0.53%
ORI	A	-0.52%
CPT	C	-0.52%
WDFC	B	-0.51%
UMBF	C	-0.51%
FAST	C	-0.51%
CSWI	A	-0.51%
NEP	D	-0.51%
IPG	D	-0.5%
VIRT	B	-0.5%
XOM	A	-0.5%
WU	D	-0.49%
RDN	D	-0.49%
HRB	C	-0.49%
LSTR	F	-0.49%
LOW	C	-0.48%
WSM	C	-0.48%
BPOP	D	-0.48%
OGE	C	-0.47%
STNG	B	-0.47%
CFR	B	-0.47%
EXPD	D	-0.46%
CUBE	C	-0.45%
EBAY	A	-0.43%
CHE	D	-0.42%
OMF	D	-0.42%
EXC	C	-0.42%
BMY	A	-0.41%
DPZ	D	-0.41%
EVRG	C	-0.4%
MSM	D	-0.37%
V	B	-0.34%
STWD	C	-0.33%
WEC	B	-0.29%
PEG	A	-0.27%
NNN	C	-0.25%
MAS	C	-0.25%
COST	C	-0.23%
MA	A	-0.22%
SCCO	B	-0.19%
AVB	C	-0.18%
CAH	B	-0.16%
ROL	C	-0.13%
BAH	C	-0.13%
WMT	A	-0.12%
ZTS	C	-0.12%
DDS	D	-0.11%
BAC	B	-0.02%

IYW: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Software - Infrastructure Information Technology Services Internet Content & Information Semiconductor Equipment & Materials Data Storage Computer Systems Conglomerates Diversified Industrials Electronic Components Internet Content & Information Telecom Services Business Services Communication Equipment Computer Hardware Consumer Electronics Contract Manufacturers Electronics & Computer Distribution Electronics Distribution