QWLD vs. USMV ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to iShares MSCI USA Minimum Volatility ETF (USMV)

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$128.67

Average Daily Volume

4,311

Number of Holdings ^*

605

* 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	QWLD	USMV
30 Days	1.25%	1.20%
60 Days	5.04%	5.77%
90 Days	6.95%	9.04%
12 Months	28.57%	27.40%

164 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in USMV	Overlap
AAPL	C	2.55%	0.99%	0.99%
ABBV	B	0.4%	1.21%	0.4%
ABBV	B	0.15%	1.21%	0.15%
ABT	C	0.09%	0.09%	0.09%
ACGL	B	0.28%	0.81%	0.28%
ACN	C	0.62%	1.24%	0.62%
ADI	C	0.04%	0.25%	0.04%
ADP	C	0.24%	0.08%	0.08%
AEE	B	0.08%	0.23%	0.08%
AEP	C	0.07%	0.41%	0.07%
AFG	C	0.02%	0.34%	0.02%
AIZ	B	0.07%	0.29%	0.07%
AJG	D	0.18%	1.21%	0.18%
AKAM	D	0.13%	0.46%	0.13%
AMGN	D	0.19%	0.7%	0.19%
AMZN	C	0.35%	0.13%	0.13%
ANET	C	0.19%	0.29%	0.19%
AON	B	0.15%	0.49%	0.15%
APH	C	0.4%	1.34%	0.4%
ATO	B	0.01%	0.05%	0.01%
AVGO	C	0.12%	1.26%	0.12%
AZO	B	0.27%	0.96%	0.27%
BAH	B	0.16%	0.45%	0.16%
BDX	D	0.07%	0.6%	0.07%
BMRN	F	0.07%	0.25%	0.07%
BMY	C	0.19%	0.43%	0.19%
BR	C	0.04%	0.05%	0.04%
BRK.A	C	0.7%	1.51%	0.7%
CB	B	0.4%	1.5%	0.4%
CBOE	C	0.25%	0.86%	0.25%
CDNS	D	0.12%	0.16%	0.12%
CDW	D	0.09%	0.46%	0.09%
CHD	C	0.18%	0.37%	0.18%
CI	C	0.19%	0.23%	0.19%
CL	C	0.22%	0.46%	0.22%
CMCSA	C	0.16%	0.38%	0.16%
CME	B	0.15%	0.51%	0.15%
CMS	B	0.05%	0.2%	0.05%
CPB	C	0.1%	0.38%	0.1%
CRM	C	0.05%	0.04%	0.04%
CRWD	D	0.0%	0.16%	0.0%
CSCO	B	0.92%	1.35%	0.92%
CTSH	B	0.2%	0.76%	0.2%
CTVA	B	0.04%	0.37%	0.04%
CVS	D	0.17%	0.05%	0.05%
CVX	F	0.29%	0.31%	0.29%
D	C	0.06%	0.23%	0.06%
DELL	C	0.01%	0.1%	0.01%
DGX	B	0.1%	0.1%	0.1%
DPZ	D	0.06%	0.18%	0.06%
DTE	A	0.02%	0.2%	0.02%
DUK	B	0.37%	1.53%	0.37%
EA	D	0.17%	0.76%	0.17%
ED	B	0.37%	1.2%	0.37%
EG	B	0.06%	0.45%	0.06%
ELV	D	0.27%	0.69%	0.27%
EOG	D	0.05%	0.16%	0.05%
ERIE	B	0.16%	0.54%	0.16%
FANG	F	0.09%	0.57%	0.09%
FCNCA	D	0.1%	0.74%	0.1%
FFIV	B	0.15%	0.52%	0.15%
FICO	B	0.04%	0.5%	0.04%
FSLR	C	0.01%	0.08%	0.01%
GD	C	0.19%	0.06%	0.06%
GDDY	C	0.21%	0.84%	0.21%
GILD	B	0.23%	0.9%	0.23%
GIS	B	0.38%	0.77%	0.38%
GLW	B	0.02%	0.3%	0.02%
GOOG	D	0.87%	0.15%	0.15%
GRMN	D	0.04%	0.28%	0.04%
HD	B	0.14%	0.29%	0.14%
HIG	B	0.03%	0.12%	0.03%
HOLX	D	0.01%	0.17%	0.01%
HON	C	0.23%	0.22%	0.22%
HRL	F	0.1%	0.22%	0.1%
HSY	D	0.18%	0.34%	0.18%
HUM	F	0.17%	0.45%	0.17%
IBM	B	0.49%	1.75%	0.49%
ICE	C	0.03%	0.29%	0.03%
INCY	C	0.12%	0.48%	0.12%
IT	C	0.03%	0.34%	0.03%
JNJ	C	1.15%	1.26%	1.15%
JNPR	A	0.13%	0.5%	0.13%
K	A	0.22%	0.81%	0.22%
KDP	B	0.16%	0.71%	0.16%
KEYS	B	0.17%	0.56%	0.17%
KHC	C	0.22%	0.43%	0.22%
KMB	C	0.12%	0.22%	0.12%
KNX	C	0.01%	0.06%	0.01%
KO	B	0.64%	0.11%	0.11%
KR	B	0.3%	0.59%	0.3%
L	D	0.16%	0.27%	0.16%
LIN	B	0.06%	0.18%	0.06%
LLY	D	1.39%	1.58%	1.39%
LMT	A	0.45%	0.9%	0.45%
LNT	A	0.03%	0.1%	0.03%
MA	B	0.67%	0.66%	0.66%
MCD	B	0.42%	1.29%	0.42%
MCK	F	0.47%	1.06%	0.47%
MDLZ	C	0.16%	0.51%	0.16%
MDT	B	0.06%	0.14%	0.06%
MELI	C	0.01%	0.2%	0.01%
MKL	C	0.12%	0.32%	0.12%
MMC	C	0.51%	1.12%	0.51%
MOH	D	0.07%	0.22%	0.07%
MPC	F	0.18%	0.56%	0.18%
MRK	F	0.5%	1.21%	0.5%
MSFT	C	2.36%	1.38%	1.38%
MSI	B	0.58%	1.67%	0.58%
NBIX	F	0.11%	0.32%	0.11%
NEM	C	0.05%	0.6%	0.05%
NOC	B	0.34%	1.54%	0.34%
NOW	C	0.01%	0.68%	0.01%
NTAP	D	0.04%	0.22%	0.04%
NVDA	C	2.04%	0.55%	0.55%
ORCL	B	0.23%	1.15%	0.23%
ORLY	B	0.22%	0.64%	0.22%
OTIS	B	0.01%	0.06%	0.01%
OXY	F	0.04%	0.13%	0.04%
PEP	D	0.83%	1.1%	0.83%
PFE	D	0.21%	0.24%	0.21%
PG	C	0.96%	1.25%	0.96%
PGR	C	0.34%	1.68%	0.34%
PKG	B	0.03%	0.18%	0.03%
PSX	F	0.14%	0.06%	0.06%
PTC	C	0.07%	0.49%	0.07%
REGN	D	0.44%	0.83%	0.44%
ROL	C	0.08%	0.37%	0.08%
ROP	C	0.49%	1.31%	0.49%
RSG	D	0.44%	1.5%	0.44%
RTX	B	0.09%	0.09%	0.09%
SNPS	F	0.12%	0.17%	0.12%
SO	B	0.47%	1.38%	0.47%
STX	B	0.01%	0.18%	0.01%
T	B	0.36%	0.71%	0.36%
TDY	B	0.05%	0.53%	0.05%
TEL	D	0.08%	0.07%	0.07%
TJX	C	0.34%	0.44%	0.34%
TMUS	B	0.64%	1.69%	0.64%
TRV	C	0.27%	1.05%	0.27%
TSN	D	0.13%	0.68%	0.13%
TW	B	0.0%	0.18%	0.0%
TXN	B	0.48%	1.42%	0.48%
UBER	C	0.01%	0.5%	0.01%
ULTA	D	0.07%	0.05%	0.05%
UNH	C	1.29%	1.34%	1.29%
UTHR	B	0.14%	0.14%	0.14%
V	C	1.11%	0.78%	0.78%
VLO	F	0.07%	0.05%	0.05%
VRSK	D	0.0%	0.4%	0.0%
VRSN	C	0.14%	0.66%	0.14%
VRTX	D	0.42%	0.71%	0.42%
VZ	A	0.6%	1.44%	0.6%
WCN	D	0.26%	1.49%	0.26%
WDAY	D	0.04%	0.41%	0.04%
WEC	B	0.19%	0.74%	0.19%
WM	D	0.49%	1.37%	0.49%
WMB	C	0.16%	0.24%	0.16%
WMT	B	0.72%	1.66%	0.72%
WRB	D	0.13%	0.29%	0.13%
WTW	B	0.07%	0.35%	0.07%
XEL	B	0.08%	0.43%	0.08%
XOM	D	0.46%	0.45%	0.45%
YUM	B	0.14%	0.51%	0.14%

QWLD Overweight 441 Positions Relative to USMV

Symbol	Grade	Weight
META	B	2.11%
GOOGL	D	0.99%
NVS	C	0.88%
COST	C	0.76%
JPM	D	0.52%
NFLX	B	0.46%
ADBE	F	0.44%
CAT	B	0.35%
GE	C	0.33%
AMAT	D	0.33%
QCOM	D	0.33%
BAC	D	0.33%
UL	B	0.3%
UNP	D	0.27%
INTU	D	0.24%
ISRG	C	0.23%
BLK	B	0.22%
C	C	0.22%
WFC	D	0.21%
MFG	D	0.2%
LRCX	D	0.2%
NKE	D	0.19%
CHKP	B	0.19%
KLAC	D	0.18%
PANW	D	0.16%
ZTS	B	0.16%
TGT	C	0.15%
TM	D	0.15%
GM	C	0.15%
TD	C	0.14%
SHW	B	0.14%
TT	B	0.14%
GS	B	0.14%
MMM	B	0.14%
ITW	B	0.13%
DEO	C	0.13%
BRO	C	0.13%
E	D	0.13%
MCO	C	0.13%
CTAS	C	0.13%
CMG	D	0.13%
AFL	A	0.12%
CAH	C	0.12%
TSLA	C	0.12%
MUFG	D	0.12%
DHI	C	0.12%
CF	B	0.12%
CNI	D	0.11%
CSX	C	0.11%
COP	F	0.1%
PCAR	D	0.1%
GWW	B	0.1%
BCS	B	0.1%
ADSK	B	0.09%
IDXX	D	0.09%
MS	B	0.09%
SMFG	D	0.09%
F	F	0.09%
PAYX	C	0.09%
STLA	F	0.09%
PSA	C	0.09%
INTC	D	0.09%
LYG	B	0.09%
LEN	B	0.09%
SJM	C	0.08%
AMP	B	0.08%
KVUE	B	0.08%
DIS	D	0.08%
TFC	D	0.08%
FAST	C	0.08%
COF	B	0.08%
SONY	C	0.08%
AMCR	B	0.08%
HMC	D	0.08%
PNC	C	0.08%
USB	C	0.08%
CMI	B	0.08%
AIG	D	0.07%
A	C	0.07%
PHM	B	0.07%
MCHP	D	0.07%
EW	F	0.07%
NVR	B	0.07%
TMO	B	0.07%
ODFL	D	0.07%
CPRT	D	0.07%
LOW	B	0.07%
ALL	C	0.07%
GPC	D	0.06%
WBD	D	0.06%
AXP	B	0.06%
LULU	D	0.06%
DHR	B	0.06%
BBY	A	0.06%
CNC	D	0.06%
NEE	B	0.06%
FDX	D	0.06%
MPWR	B	0.06%
JKHY	B	0.06%
UPS	D	0.06%
DE	A	0.06%
MNST	D	0.06%
LOGI	D	0.06%
PM	C	0.06%
CHTR	D	0.05%
MT	C	0.05%
BK	B	0.05%
MET	B	0.05%
TROW	C	0.05%
LNG	D	0.05%
BTI	C	0.05%
CAG	B	0.05%
PLD	C	0.05%
VLTO	B	0.05%
BLDR	C	0.05%
DINO	F	0.05%
ADM	D	0.05%
TSCO	B	0.05%
RMD	C	0.05%
ROK	D	0.05%
SMCI	F	0.04%
MO	C	0.04%
WBA	F	0.04%
MU	D	0.04%
HUBB	B	0.04%
WAT	B	0.04%
SPGI	C	0.04%
MTB	C	0.04%
EXPD	B	0.04%
MANH	B	0.04%
EME	B	0.04%
TPL	C	0.04%
AMD	C	0.04%
HPQ	C	0.04%
PYPL	B	0.04%
DOW	C	0.04%
WSM	C	0.04%
NUE	D	0.04%
DOV	B	0.04%
HCA	B	0.04%
OMC	B	0.04%
DECK	C	0.04%
PRU	C	0.04%
VEEV	C	0.04%
GGG	C	0.03%
DKS	D	0.03%
APD	B	0.03%
JBHT	D	0.03%
FCX	C	0.03%
EIX	B	0.03%
CBRE	B	0.03%
PNR	B	0.03%
JCI	B	0.03%
VTRS	D	0.03%
NSC	C	0.03%
HBAN	B	0.03%
FDS	C	0.03%
OKE	C	0.03%
ETN	C	0.03%
AMT	C	0.03%
DVN	F	0.03%
SYY	C	0.03%
AVY	C	0.03%
APA	F	0.03%
POOL	C	0.03%
OC	C	0.03%
SYF	C	0.03%
BG	F	0.03%
SNA	B	0.03%
RF	B	0.03%
ENPH	D	0.03%
LYB	D	0.03%
SLB	F	0.03%
SYK	C	0.03%
SOLV	D	0.03%
SWKS	F	0.03%
KMI	C	0.03%
WSO	C	0.03%
CSL	B	0.03%
STT	B	0.03%
TER	C	0.03%
PCG	C	0.03%
FITB	B	0.03%
LPLA	D	0.03%
HPE	C	0.03%
SRE	B	0.03%
SCHW	D	0.03%
CFG	D	0.03%
EXC	B	0.03%
TRGP	C	0.03%
DFS	C	0.03%
DRI	C	0.03%
WST	D	0.03%
SBUX	C	0.03%
MKTX	D	0.02%
NMR	F	0.02%
ACI	F	0.02%
HAL	F	0.02%
BIIB	F	0.02%
APTV	D	0.02%
ES	B	0.02%
PAYC	D	0.02%
SWK	B	0.02%
BAX	C	0.02%
TTC	F	0.02%
CCI	C	0.02%
CINF	C	0.02%
NXPI	D	0.02%
OVV	F	0.02%
SPG	B	0.02%
CHK	C	0.02%
WY	C	0.02%
MOS	F	0.02%
DLR	B	0.02%
FIS	C	0.02%
GEHC	B	0.02%
GEV	B	0.02%
PH	B	0.02%
AER	C	0.02%
EPAM	F	0.02%
ROST	C	0.02%
CTRA	F	0.02%
AOS	B	0.02%
WELL	C	0.02%
IP	C	0.02%
PFG	B	0.02%
CEG	C	0.02%
BKR	C	0.02%
MRO	D	0.02%
STLD	C	0.02%
KKR	B	0.02%
GPN	D	0.02%
NDSN	C	0.02%
URI	B	0.02%
VICI	C	0.02%
KEY	C	0.02%
PEG	B	0.02%
CARR	B	0.02%
BSX	B	0.02%
DD	B	0.02%
ETR	A	0.02%
ALLE	B	0.02%
BX	C	0.02%
BKNG	B	0.02%
LHX	C	0.02%
EMR	D	0.02%
IEX	C	0.02%
IPG	C	0.02%
O	B	0.02%
SW	B	0.02%
WTRG	D	0.01%
TRMB	C	0.01%
MGM	D	0.01%
ALGN	D	0.01%
CTLT	B	0.01%
OTEX	D	0.01%
CCL	C	0.01%
CPT	C	0.01%
RPM	B	0.01%
TFX	B	0.01%
TTWO	D	0.01%
FOX	B	0.01%
UHAL	B	0.01%
DAL	C	0.01%
RPRX	C	0.01%
DVA	B	0.01%
NWSA	D	0.01%
GLPI	C	0.01%
SBAC	C	0.01%
FTNT	B	0.01%
HST	D	0.01%
CG	C	0.01%
REG	C	0.01%
CLX	C	0.01%
HLT	B	0.01%
BURL	C	0.01%
TRU	B	0.01%
IRM	C	0.01%
QRVO	F	0.01%
STE	B	0.01%
HWM	B	0.01%
BEN	F	0.01%
ZM	C	0.01%
SUI	C	0.01%
MBAVU	D	0.01%
MAS	B	0.01%
ACM	B	0.01%
ESS	C	0.01%
HSIC	C	0.01%
EL	D	0.01%
INVH	D	0.01%
WPC	C	0.01%
AVTR	C	0.01%
CPAY	B	0.01%
MKC	C	0.01%
ZBRA	B	0.01%
DOC	B	0.01%
CCEP	C	0.01%
HII	F	0.01%
MAA	C	0.01%
BXP	C	0.01%
SE	B	0.01%
EXPE	C	0.01%
EFX	C	0.01%
XYL	C	0.01%
AGCO	D	0.01%
MRVL	D	0.01%
CCK	B	0.01%
CHRD	F	0.01%
IR	B	0.01%
STZ	C	0.01%
ALB	D	0.01%
SSNC	C	0.01%
ABNB	D	0.01%
FTV	C	0.01%
VMC	C	0.01%
NDAQ	C	0.01%
MLM	D	0.01%
VST	B	0.01%
LDOS	A	0.01%
WFG	B	0.01%
EQH	C	0.01%
NI	B	0.01%
LKQ	F	0.01%
VTR	C	0.01%
KIM	C	0.01%
ARE	C	0.01%
BALL	C	0.01%
TDG	B	0.01%
WDC	C	0.01%
AWK	C	0.01%
DLTR	F	0.01%
TXT	D	0.01%
EMN	B	0.01%
AES	C	0.01%
MAR	B	0.01%
PWR	B	0.01%
AME	C	0.01%
BSY	C	0.01%
CNP	C	0.01%
CRBG	C	0.01%
FOXA	B	0.01%
ZBH	F	0.01%
EQR	C	0.01%
TAP	D	0.01%
FNF	B	0.01%
WAB	B	0.01%
HES	F	0.01%
EBAY	B	0.01%
J	A	0.01%
CHRW	B	0.01%
EVRG	B	0.01%
AVB	C	0.01%
CE	D	0.01%
APO	B	0.01%
EQT	C	0.01%
IFF	A	0.01%
SQ	D	0.01%
MRNA	F	0.01%
UHS	C	0.01%
ALLY	F	0.01%
ECL	B	0.01%
IQV	D	0.01%
SEIC	B	0.01%
PARA	D	0.01%
PPL	A	0.01%
ON	D	0.01%
FE	B	0.01%
DG	F	0.01%
EQIX	B	0.01%
RJF	C	0.01%
JBL	C	0.01%
NTRS	C	0.01%
CNH	C	0.01%
NRG	B	0.01%
RS	D	0.01%
KMX	D	0.01%
PPG	C	0.01%
BA	F	0.01%
EXR	C	0.01%
GLBE	C	0.0%
IOT	C	0.0%
NET	D	0.0%
TOST	C	0.0%
RBLX	C	0.0%
XRX	D	0.0%
DDOG	D	0.0%
DKNG	C	0.0%
SNAP	D	0.0%
FUTU	A	0.0%
MSTR	C	0.0%
H	B	0.0%
PSTG	F	0.0%
DOCU	C	0.0%
DAY	D	0.0%
HEI	C	0.0%
GRAB	B	0.0%
DT	C	0.0%
PINS	D	0.0%
SNOW	F	0.0%
PODD	C	0.0%
WYNN	C	0.0%
APP	C	0.0%
HOOD	C	0.0%
DXCM	F	0.0%
ROKU	D	0.0%
OKTA	F	0.0%
TECH	C	0.0%
TTD	B	0.0%
TYL	C	0.0%
EXAS	D	0.0%
LII	C	0.0%
PLTR	C	0.0%
AXON	B	0.0%
Z	C	0.0%
ELS	D	0.0%
HEI	C	0.0%
LYV	A	0.0%
LUV	C	0.0%
VRT	C	0.0%
ENTG	D	0.0%
LW	D	0.0%
RIVN	F	0.0%
LVS	C	0.0%
BBWI	D	0.0%
MSCI	C	0.0%
DASH	B	0.0%
COIN	F	0.0%
QGEN	C	0.0%
WLK	C	0.0%
RCL	B	0.0%
ILMN	D	0.0%
BIO	C	0.0%
MTCH	C	0.0%
CRL	F	0.0%
CSGP	D	0.0%
ARES	B	0.0%
ANSS	D	0.0%
UDR	C	0.0%
TWLO	C	0.0%
AMH	D	0.0%

QWLD Underweight 7 Positions Relative to USMV

Symbol	Grade	Weight
COR	F	-0.62%
FI	B	-0.57%
GEN	A	-0.33%
FWONK	C	-0.3%
ALNY	C	-0.25%
AZPN	B	-0.22%
HUBS	D	-0.19%