QTUM vs. USMV ETF Comparison

Comparison of Defiance Quantum ETF (QTUM) to iShares MSCI USA Minimum Volatility ETF (USMV)

QTUM

Defiance Quantum ETF

QTUM Description

The investment seeks to track the total return performance, before fees and expenses, of the BlueStar Quantum Computing and Machine Learning 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 or in depositary receipts representing such component securities. The index consists of a modified equal-weighted portfolio of the stock of companies whose products or services are predominantly tied to the development of quantum computing and machine learning technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.69

Average Daily Volume

43,313

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

$91.15

Average Daily Volume

2,261,365

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	QTUM	USMV
30 Days	-0.92%	0.26%
60 Days	8.91%	5.37%
90 Days	-3.23%	9.17%
12 Months	29.67%	29.05%

15 Overlapping Holdings

Symbol	Grade	Weight in QTUM	Weight in USMV	Overlap
ABBV	A	1.49%	1.21%	1.21%
ACN	B	1.74%	1.24%	1.24%
ADI	C	1.4%	0.25%	0.25%
BAH	A	1.55%	0.45%	0.45%
CDNS	D	1.28%	0.16%	0.16%
HON	B	1.46%	0.22%	0.22%
IBM	C	1.93%	1.75%	1.75%
JNPR	C	1.61%	0.5%	0.5%
LMT	A	1.85%	0.9%	0.9%
MSFT	C	1.44%	1.38%	1.38%
NOC	B	1.82%	1.54%	1.54%
NVDA	C	1.45%	0.55%	0.55%
RTX	A	1.67%	0.09%	0.09%
SNPS	F	1.27%	0.17%	0.17%
TXN	C	1.52%	1.42%	1.42%

QTUM Overweight 36 Positions Relative to USMV

Symbol	Grade	Weight
COHR	B	1.9%
BABA	A	1.8%
WIT	B	1.71%
ORAN	D	1.7%
NOK	B	1.69%
RDNT	C	1.69%
TSM	C	1.55%
MSTR	C	1.54%
QBTS	F	1.5%
AMD	D	1.49%
BIDU	C	1.47%
CRUS	D	1.43%
MRVL	C	1.43%
HPE	C	1.4%
KLAC	D	1.37%
ON	F	1.35%
GOOGL	C	1.34%
ONTO	C	1.33%
NVEC	F	1.32%
TER	D	1.29%
TDC	D	1.28%
NXPI	F	1.22%
AMAT	D	1.22%
LSCC	D	1.21%
MCHP	F	1.19%
RGTI	F	1.19%
MKSI	F	1.17%
QCOM	D	1.15%
LRCX	F	1.14%
INTC	D	1.13%
ASML	F	1.13%
FORM	F	1.13%
SYNA	F	1.11%
ESTC	F	1.01%
MU	D	1.0%
STM	F	0.91%

QTUM Underweight 155 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	A	-1.69%
PGR	C	-1.68%
MSI	A	-1.67%
WMT	A	-1.66%
LLY	D	-1.58%
DUK	B	-1.53%
BRK.A	C	-1.51%
RSG	D	-1.5%
CB	A	-1.5%
WCN	D	-1.49%
VZ	A	-1.44%
SO	A	-1.38%
WM	D	-1.37%
CSCO	A	-1.35%
UNH	B	-1.34%
APH	D	-1.34%
ROP	C	-1.31%
MCD	A	-1.29%
JNJ	C	-1.26%
AVGO	C	-1.26%
PG	C	-1.25%
MRK	F	-1.21%
AJG	D	-1.21%
ED	A	-1.2%
ORCL	C	-1.15%
MMC	D	-1.12%
PEP	D	-1.1%
MCK	F	-1.06%
TRV	C	-1.05%
AAPL	C	-0.99%
AZO	D	-0.96%
GILD	A	-0.9%
CBOE	B	-0.86%
GDDY	D	-0.84%
REGN	D	-0.83%
K	B	-0.81%
ACGL	A	-0.81%
V	C	-0.78%
GIS	B	-0.77%
CTSH	C	-0.76%
EA	D	-0.76%
FCNCA	D	-0.74%
WEC	A	-0.74%
T	A	-0.71%
VRTX	D	-0.71%
KDP	C	-0.71%
AMGN	D	-0.7%
ELV	F	-0.69%
NOW	C	-0.68%
TSN	D	-0.68%
MA	A	-0.66%
VRSN	C	-0.66%
ORLY	A	-0.64%
COR	F	-0.62%
BDX	B	-0.6%
NEM	C	-0.6%
KR	B	-0.59%
FANG	F	-0.57%
FI	A	-0.57%
KEYS	C	-0.56%
MPC	F	-0.56%
ERIE	A	-0.54%
TDY	B	-0.53%
FFIV	C	-0.52%
CME	A	-0.51%
YUM	B	-0.51%
MDLZ	C	-0.51%
FICO	C	-0.5%
UBER	C	-0.5%
PTC	D	-0.49%
AON	A	-0.49%
INCY	B	-0.48%
CDW	D	-0.46%
CL	D	-0.46%
AKAM	D	-0.46%
XOM	B	-0.45%
EG	B	-0.45%
HUM	F	-0.45%
TJX	C	-0.44%
KHC	B	-0.43%
XEL	A	-0.43%
BMY	B	-0.43%
AEP	B	-0.41%
WDAY	D	-0.41%
VRSK	D	-0.4%
CPB	D	-0.38%
CMCSA	B	-0.38%
CHD	B	-0.37%
ROL	B	-0.37%
CTVA	B	-0.37%
WTW	A	-0.35%
HSY	D	-0.34%
IT	C	-0.34%
AFG	B	-0.34%
GEN	A	-0.33%
NBIX	F	-0.32%
MKL	B	-0.32%
CVX	D	-0.31%
GLW	C	-0.3%
FWONK	D	-0.3%
ICE	A	-0.29%
AIZ	A	-0.29%
WRB	B	-0.29%
HD	A	-0.29%
ANET	B	-0.29%
GRMN	D	-0.28%
L	D	-0.27%
BMRN	F	-0.25%
ALNY	B	-0.25%
WMB	A	-0.24%
PFE	D	-0.24%
AEE	A	-0.23%
D	A	-0.23%
CI	C	-0.23%
HRL	F	-0.22%
KMB	B	-0.22%
NTAP	D	-0.22%
MOH	D	-0.22%
AZPN	C	-0.22%
MELI	C	-0.2%
CMS	A	-0.2%
DTE	A	-0.2%
HUBS	D	-0.19%
LIN	B	-0.18%
TW	A	-0.18%
STX	B	-0.18%
PKG	A	-0.18%
DPZ	D	-0.18%
HOLX	D	-0.17%
CRWD	D	-0.16%
EOG	D	-0.16%
GOOG	C	-0.15%
UTHR	B	-0.14%
MDT	A	-0.14%
AMZN	C	-0.13%
OXY	F	-0.13%
HIG	A	-0.12%
KO	B	-0.11%
LNT	A	-0.1%
DELL	D	-0.1%
DGX	C	-0.1%
ABT	C	-0.09%
FSLR	C	-0.08%
ADP	A	-0.08%
TEL	D	-0.07%
PSX	F	-0.06%
GD	A	-0.06%
KNX	C	-0.06%
OTIS	A	-0.06%
VLO	F	-0.05%
CVS	D	-0.05%
BR	B	-0.05%
ULTA	D	-0.05%
ATO	A	-0.05%
CRM	C	-0.04%