NOBL vs. USMV ETF Comparison

Comparison of ProShares S&P 500 Aristocrats ETF (NOBL) to iShares MSCI USA Minimum Volatility ETF (USMV)

NOBL

ProShares S&P 500 Aristocrats ETF

NOBL Description

The investment seeks investment results before fees and expenses that track the performance of the S&P 500Â® Dividend AristocratsÂ® Index (the "index"). The fund will invest at least 80% of its total assets in component securities (i.e., securities of the index and comparable securities that have economic characteristics that are substantially identical to the economic characteristics of the securities of the index). The index contains a minimum of 40 stocks, which are equally weighted, and no single sector is allowed to comprise more than 30% of the index weight.

Grade (RS Rating)

Last Trade

$106.87

Average Daily Volume

422,256

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

$93.44

Average Daily Volume

1,638,518

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	NOBL	USMV
30 Days	0.16%	0.94%
60 Days	1.29%	2.29%
90 Days	3.19%	3.46%
12 Months	20.15%	24.96%

24 Overlapping Holdings

Symbol	Grade	Weight in NOBL	Weight in USMV	Overlap
ABBV	F	1.33%	1.04%	1.04%
ABT	B	1.53%	0.09%	0.09%
ADP	A	1.56%	0.09%	0.09%
ATO	A	1.56%	0.06%	0.06%
BDX	F	1.42%	0.56%	0.56%
CB	C	1.49%	1.47%	1.47%
CHD	A	1.63%	0.4%	0.4%
CL	D	1.44%	0.41%	0.41%
CVX	A	1.62%	0.34%	0.34%
ED	C	1.37%	1.13%	1.13%
GD	D	1.44%	0.05%	0.05%
HRL	D	1.43%	0.21%	0.21%
IBM	C	1.45%	1.66%	1.45%
JNJ	C	1.43%	1.18%	1.18%
KMB	C	1.51%	0.21%	0.21%
KO	D	1.39%	0.1%	0.1%
LIN	C	1.43%	0.16%	0.16%
MCD	D	1.46%	1.25%	1.25%
MDT	D	1.46%	0.13%	0.13%
PEP	F	1.39%	1.01%	1.01%
PG	C	1.53%	1.23%	1.23%
ROP	B	1.54%	1.3%	1.3%
WMT	A	1.54%	1.78%	1.54%
XOM	B	1.53%	0.45%	0.45%

NOBL Overweight 41 Positions Relative to USMV

Symbol	Grade	Weight
EMR	B	1.81%
GPC	D	1.67%
CINF	A	1.67%
ALB	B	1.66%
DOV	A	1.65%
BEN	C	1.64%
FAST	B	1.64%
GWW	B	1.64%
PNR	A	1.62%
CAH	B	1.62%
TROW	B	1.61%
CLX	A	1.61%
ITW	B	1.6%
NUE	C	1.58%
TGT	F	1.58%
BRO	B	1.58%
KVUE	A	1.57%
CTAS	B	1.57%
SHW	B	1.57%
CHRW	B	1.56%
SPGI	C	1.55%
APD	A	1.54%
NDSN	B	1.54%
SYY	D	1.54%
EXPD	C	1.53%
AFL	B	1.52%
LOW	C	1.52%
ESS	B	1.52%
CAT	B	1.51%
FRT	B	1.5%
PPG	F	1.47%
ECL	D	1.46%
MKC	C	1.44%
SJM	D	1.43%
WST	C	1.41%
AOS	F	1.41%
ADM	D	1.41%
NEE	C	1.4%
AMCR	C	1.39%
O	C	1.36%
SWK	D	1.28%

NOBL Underweight 146 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	B	-1.95%
MSI	B	-1.81%
PGR	A	-1.67%
WCN	A	-1.56%
RSG	A	-1.55%
BRK.A	B	-1.55%
DUK	C	-1.49%
CSCO	B	-1.47%
APH	A	-1.44%
WM	B	-1.44%
NOC	D	-1.43%
TXN	C	-1.39%
VZ	C	-1.35%
SO	C	-1.35%
MCK	A	-1.35%
MSFT	D	-1.34%
UNH	B	-1.34%
ORCL	A	-1.31%
ACN	B	-1.29%
AJG	A	-1.27%
LLY	F	-1.25%
AVGO	D	-1.19%
TRV	B	-1.15%
MMC	B	-1.11%
MRK	D	-1.01%
GDDY	A	-1.0%
AAPL	C	-0.99%
AZO	C	-0.98%
GILD	C	-0.94%
V	A	-0.9%
EA	A	-0.89%
FCNCA	A	-0.88%
CBOE	C	-0.85%
LMT	D	-0.82%
K	A	-0.8%
WEC	A	-0.78%
CTSH	B	-0.76%
NOW	A	-0.75%
T	A	-0.74%
TSN	B	-0.71%
MA	B	-0.7%
VRTX	D	-0.69%
FI	A	-0.69%
ORLY	B	-0.68%
ACGL	C	-0.68%
COR	B	-0.67%
NVDA	B	-0.67%
GIS	D	-0.66%
VRSN	C	-0.64%
KR	B	-0.61%
AMGN	F	-0.59%
FICO	B	-0.59%
REGN	F	-0.59%
KDP	F	-0.59%
TDY	B	-0.57%
KEYS	A	-0.55%
FANG	C	-0.55%
FFIV	B	-0.55%
MPC	D	-0.54%
INCY	C	-0.53%
AON	A	-0.53%
CME	B	-0.53%
PTC	B	-0.52%
ELV	F	-0.52%
YUM	D	-0.5%
BMY	B	-0.49%
XEL	A	-0.46%
NEM	D	-0.46%
UBER	F	-0.45%
JNPR	D	-0.45%
TJX	A	-0.45%
MDLZ	F	-0.44%
WDAY	B	-0.43%
EG	C	-0.43%
ERIE	D	-0.42%
VRSK	A	-0.42%
HUM	C	-0.4%
BAH	F	-0.39%
CMCSA	B	-0.39%
AEP	C	-0.39%
AKAM	D	-0.39%
KHC	F	-0.38%
WTW	B	-0.38%
CTVA	C	-0.38%
ROL	B	-0.36%
IT	C	-0.35%
AFG	A	-0.35%
GEN	B	-0.35%
CDW	F	-0.35%
MKL	A	-0.34%
GRMN	B	-0.33%
CPB	D	-0.33%
AIZ	A	-0.32%
NBIX	C	-0.32%
WMB	A	-0.31%
WRB	A	-0.31%
GLW	B	-0.31%
FWONK	A	-0.31%
HSY	F	-0.3%
HD	B	-0.3%
ANET	C	-0.29%
ICE	C	-0.28%
L	A	-0.28%
HON	C	-0.25%
AEE	A	-0.24%
HUBS	A	-0.24%
ADI	D	-0.23%
D	C	-0.23%
AZPN	A	-0.23%
ALNY	D	-0.22%
NTAP	C	-0.22%
BMRN	F	-0.22%
CI	D	-0.21%
TW	A	-0.2%
DTE	C	-0.2%
PKG	A	-0.2%
PFE	F	-0.2%
DPZ	C	-0.19%
CRWD	B	-0.19%
CMS	C	-0.19%
CDNS	B	-0.18%
MELI	C	-0.18%
MOH	F	-0.18%
SNPS	B	-0.18%
EOG	A	-0.17%
HOLX	D	-0.16%
STX	C	-0.16%
GOOG	C	-0.16%
UTHR	C	-0.14%
AMZN	C	-0.14%
DELL	B	-0.12%
HIG	B	-0.12%
OXY	D	-0.12%
DGX	A	-0.11%
LNT	A	-0.1%
RTX	D	-0.09%
OTIS	C	-0.07%
TEL	B	-0.07%
PSX	C	-0.06%
FSLR	F	-0.06%
KNX	C	-0.06%
VLO	C	-0.05%
BR	A	-0.05%
CRM	B	-0.05%
ULTA	F	-0.04%
CVS	D	-0.04%