PY vs. USMV ETF Comparison

Comparison of Principal Shareholder Yield Index ETF (PY) to iShares MSCI USA Minimum Volatility ETF (USMV)

PY

Principal Shareholder Yield Index ETF

PY Description

The Principal Shareholder Yield Index ETF tracks an index of dividend-paying large- and midcap US stocks that are selected by several fundamental factors, including dividend yield and buyback yield. Holdings are equally weighted within two tiers.

Grade (RS Rating)

Last Trade

$51.93

Average Daily Volume

5,520

Number of Holdings ^*

105

* 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

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	PY	USMV
30 Days	4.03%	1.70%
60 Days	5.45%	2.42%
90 Days	7.68%	4.02%
12 Months	30.80%	25.63%

37 Overlapping Holdings

Symbol	Grade	Weight in PY	Weight in USMV	Overlap
AAPL	C	3.82%	0.99%	0.99%
ACN	C	1.18%	1.29%	1.18%
ADP	B	1.01%	0.09%	0.09%
AIZ	A	0.78%	0.32%	0.32%
AVGO	D	2.35%	1.19%	1.19%
BMY	B	1.05%	0.49%	0.49%
BR	A	0.79%	0.05%	0.05%
CB	C	0.91%	1.47%	0.91%
CI	F	0.81%	0.21%	0.21%
CMCSA	B	1.09%	0.39%	0.39%
CTSH	B	0.8%	0.76%	0.76%
CVS	D	0.78%	0.04%	0.04%
CVX	A	1.35%	0.34%	0.34%
EG	C	0.68%	0.43%	0.43%
FANG	D	0.75%	0.55%	0.55%
GIS	D	0.65%	0.66%	0.65%
HD	A	1.58%	0.3%	0.3%
HIG	B	0.75%	0.12%	0.12%
HRL	D	0.65%	0.21%	0.21%
HSY	F	0.66%	0.3%	0.3%
KMB	D	0.69%	0.21%	0.21%
KR	B	0.84%	0.61%	0.61%
LMT	D	0.88%	0.82%	0.82%
MDLZ	F	0.77%	0.44%	0.44%
MMC	B	0.88%	1.11%	0.88%
MPC	D	0.75%	0.54%	0.54%
MSFT	F	3.5%	1.34%	1.34%
NVDA	C	3.38%	0.67%	0.67%
OTIS	C	0.82%	0.07%	0.07%
OXY	D	0.72%	0.12%	0.12%
PSX	C	0.79%	0.06%	0.06%
RTX	C	1.0%	0.09%	0.09%
TJX	A	0.98%	0.45%	0.45%
TRV	B	0.86%	1.15%	0.86%
VLO	C	0.8%	0.05%	0.05%
WTW	B	0.79%	0.38%	0.38%
XOM	B	1.82%	0.45%	0.45%

PY Overweight 68 Positions Relative to USMV

Symbol	Grade	Weight
WFC	A	1.43%
MS	A	1.26%
CAT	B	1.18%
AXP	A	1.13%
QCOM	F	1.07%
LOW	D	1.06%
DFS	B	1.0%
TT	A	1.0%
AMP	A	0.99%
TRGP	B	0.97%
SYF	B	0.97%
PNC	B	0.96%
EQT	B	0.94%
BKR	B	0.94%
SNA	A	0.93%
DE	A	0.91%
BK	A	0.91%
ITW	B	0.9%
MO	A	0.89%
HPE	B	0.88%
STLD	B	0.88%
PNR	A	0.87%
CSX	B	0.86%
SLB	C	0.85%
RF	A	0.85%
SPG	B	0.85%
FITB	A	0.85%
MET	A	0.85%
PAYX	C	0.85%
PRU	A	0.84%
RL	B	0.84%
FOXA	B	0.83%
FDX	B	0.83%
NKE	D	0.82%
ROK	B	0.82%
PLD	D	0.82%
AIG	B	0.81%
NDAQ	A	0.8%
HPQ	B	0.79%
CINF	A	0.79%
DD	D	0.78%
TAP	C	0.78%
CF	B	0.77%
EBAY	D	0.77%
BEN	C	0.77%
MRO	B	0.76%
DRI	B	0.76%
HAL	C	0.76%
AVB	B	0.75%
BBWI	D	0.75%
NDSN	B	0.74%
PPG	F	0.73%
ALLE	D	0.73%
SYY	B	0.72%
EMN	D	0.72%
ESS	B	0.72%
VICI	C	0.7%
MAA	B	0.7%
CPT	B	0.69%
INVH	D	0.67%
GPC	D	0.66%
AOS	F	0.66%
ARE	D	0.66%
SBAC	D	0.66%
MKC	D	0.65%
ADM	D	0.65%
LYB	F	0.64%
SWKS	F	0.6%

PY Underweight 133 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	B	-1.95%
MSI	B	-1.81%
WMT	A	-1.78%
PGR	A	-1.67%
IBM	C	-1.66%
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	A	-1.44%
NOC	D	-1.43%
TXN	C	-1.39%
VZ	C	-1.35%
SO	D	-1.35%
MCK	B	-1.35%
UNH	C	-1.34%
ORCL	B	-1.31%
ROP	B	-1.3%
AJG	B	-1.27%
MCD	D	-1.25%
LLY	F	-1.25%
PG	A	-1.23%
JNJ	D	-1.18%
ED	D	-1.13%
ABBV	D	-1.04%
MRK	F	-1.01%
PEP	F	-1.01%
GDDY	A	-1.0%
AZO	C	-0.98%
GILD	C	-0.94%
V	A	-0.9%
EA	A	-0.89%
FCNCA	A	-0.88%
CBOE	B	-0.85%
K	A	-0.8%
WEC	A	-0.78%
NOW	A	-0.75%
T	A	-0.74%
TSN	B	-0.71%
MA	C	-0.7%
VRTX	F	-0.69%
FI	A	-0.69%
ORLY	B	-0.68%
ACGL	D	-0.68%
COR	B	-0.67%
VRSN	F	-0.64%
AMGN	D	-0.59%
FICO	B	-0.59%
REGN	F	-0.59%
KDP	D	-0.59%
TDY	B	-0.57%
BDX	F	-0.56%
KEYS	A	-0.55%
FFIV	B	-0.55%
INCY	C	-0.53%
AON	A	-0.53%
CME	A	-0.53%
PTC	A	-0.52%
ELV	F	-0.52%
YUM	B	-0.5%
XEL	A	-0.46%
NEM	D	-0.46%
UBER	D	-0.45%
JNPR	F	-0.45%
WDAY	B	-0.43%
ERIE	D	-0.42%
VRSK	A	-0.42%
CL	D	-0.41%
CHD	B	-0.4%
HUM	C	-0.4%
BAH	F	-0.39%
AEP	D	-0.39%
AKAM	D	-0.39%
KHC	F	-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%
NBIX	C	-0.32%
WMB	A	-0.31%
WRB	A	-0.31%
GLW	B	-0.31%
FWONK	B	-0.31%
ANET	C	-0.29%
ICE	C	-0.28%
L	A	-0.28%
HON	B	-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	D	-0.22%
TW	A	-0.2%
DTE	C	-0.2%
PKG	A	-0.2%
PFE	D	-0.2%
DPZ	C	-0.19%
CRWD	B	-0.19%
CMS	C	-0.19%
CDNS	B	-0.18%
MELI	D	-0.18%
MOH	F	-0.18%
SNPS	B	-0.18%
EOG	A	-0.17%
HOLX	D	-0.16%
LIN	D	-0.16%
STX	D	-0.16%
GOOG	C	-0.16%
UTHR	C	-0.14%
AMZN	C	-0.14%
MDT	D	-0.13%
DELL	C	-0.12%
DGX	A	-0.11%
KO	D	-0.1%
LNT	A	-0.1%
ABT	B	-0.09%
TEL	B	-0.07%
ATO	A	-0.06%
FSLR	F	-0.06%
KNX	B	-0.06%
CRM	B	-0.05%
GD	F	-0.05%
ULTA	F	-0.04%