SIZE vs. VFMV ETF Comparison

Comparison of iShares MSCI USA Size Factor (SIZE) to Vanguard U.S. Minimum Volatility ETF (VFMV)

SIZE

iShares MSCI USA Size Factor

SIZE Description

The investment seeks to track the performance of MSCI USA Risk Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with relatively smaller average market capitalization, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Risk Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$148.54

Average Daily Volume

4,235

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$121.10

Average Daily Volume

7,210

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

Performance

Period	SIZE	VFMV
30 Days	2.77%	0.83%
60 Days	5.29%	3.76%
90 Days	8.46%	6.93%
12 Months	28.01%	27.18%

29 Overlapping Holdings

Symbol	Grade	Weight in SIZE	Weight in VFMV	Overlap
AAPL	C	5.52%	0.64%	0.64%
ACN	C	1.61%	0.23%	0.23%
AMAT	D	1.37%	0.13%	0.13%
CBOE	C	0.15%	1.13%	0.15%
CME	B	0.5%	1.19%	0.5%
CSCO	B	1.6%	1.46%	1.46%
DECK	C	0.43%	0.19%	0.19%
EA	D	0.18%	1.48%	0.18%
ED	B	0.53%	0.51%	0.51%
GOOG	D	1.46%	0.7%	0.7%
GOOGL	D	1.68%	0.87%	0.87%
HSY	D	0.17%	0.45%	0.17%
JNJ	C	2.28%	1.46%	1.46%
KLAC	D	0.96%	0.09%	0.09%
KO	B	1.66%	0.46%	0.46%
LLY	D	4.26%	0.92%	0.92%
LMT	A	1.17%	1.44%	1.17%
LRCX	D	0.83%	0.08%	0.08%
META	B	4.17%	0.6%	0.6%
MSFT	C	4.67%	0.45%	0.45%
NTAP	D	0.22%	1.57%	0.22%
PEP	D	1.19%	0.06%	0.06%
QCOM	D	1.2%	0.69%	0.69%
ROL	C	0.12%	0.29%	0.12%
TJX	C	2.0%	1.56%	1.56%
TXN	B	1.37%	1.54%	1.37%
UNH	C	2.74%	0.85%	0.85%
V	C	3.98%	0.44%	0.44%
VRTX	D	0.62%	0.04%	0.04%

SIZE Overweight 94 Positions Relative to VFMV

Symbol	Grade	Weight
NVDA	C	5.92%
MA	B	3.96%
COST	C	2.55%
ADBE	F	1.84%
COP	F	1.68%
ADP	C	1.63%
NKE	D	1.61%
NFLX	B	1.55%
CAT	B	1.41%
CMG	D	1.25%
LIN	B	1.22%
BLK	B	0.9%
SLB	F	0.89%
DHI	C	0.84%
SRE	B	0.84%
PLD	C	0.8%
MMC	C	0.75%
ANET	C	0.75%
ITW	B	0.7%
PEG	B	0.69%
PSA	C	0.6%
SHW	B	0.58%
CTAS	C	0.57%
NVR	B	0.56%
ZTS	B	0.56%
LULU	D	0.55%
CDNS	D	0.55%
MMM	B	0.54%
MCO	C	0.54%
GWW	B	0.52%
SNPS	F	0.5%
PHM	B	0.48%
APH	C	0.47%
PAYX	C	0.46%
TSCO	B	0.44%
AFL	A	0.41%
GRMN	D	0.41%
TPL	C	0.4%
ATO	B	0.38%
FAST	C	0.37%
IDXX	D	0.36%
ULTA	D	0.35%
WSM	C	0.34%
CBRE	B	0.33%
APD	B	0.32%
ODFL	D	0.31%
BBY	A	0.31%
ACGL	B	0.29%
CSGP	D	0.28%
MPWR	B	0.28%
FERG	D	0.28%
AMP	B	0.27%
EW	F	0.24%
AVB	C	0.24%
A	C	0.23%
VLTO	B	0.23%
POOL	C	0.23%
MANH	B	0.21%
APA	F	0.21%
MNST	D	0.21%
ROK	D	0.2%
EQT	C	0.19%
RMD	C	0.18%
EQR	C	0.18%
TROW	C	0.17%
PPG	C	0.16%
KEYS	B	0.16%
SMCI	F	0.15%
VEEV	C	0.15%
EME	B	0.14%
WAT	B	0.13%
EXPD	B	0.13%
ERIE	B	0.12%
FDS	C	0.12%
WST	D	0.12%
LPLA	D	0.12%
OMC	B	0.11%
MOH	D	0.11%
ENPH	D	0.11%
WSO	C	0.11%
GGG	C	0.1%
PKG	B	0.09%
JKHY	B	0.09%
RS	D	0.08%
UTHR	B	0.08%
AVY	C	0.08%
PAYC	D	0.07%
MKTX	D	0.07%
AOS	B	0.07%
IPG	C	0.06%
SEIC	B	0.06%
AFG	C	0.06%
SOLV	D	0.05%
WBA	F	0.03%

SIZE Underweight 117 Positions Relative to VFMV

Symbol	Grade	Weight
CVLT	B	-1.63%
TMUS	B	-1.56%
ROP	C	-1.5%
MCK	F	-1.5%
PGR	C	-1.49%
VECO	F	-1.49%
WMT	B	-1.47%
WM	D	-1.46%
PG	C	-1.45%
GD	C	-1.43%
MUSA	D	-1.43%
XOM	D	-1.42%
ADI	C	-1.42%
KEX	C	-1.4%
RSG	D	-1.39%
MRK	F	-1.39%
IDT	C	-1.35%
ABBV	B	-1.34%
ORLY	B	-1.33%
DUK	B	-1.31%
IBM	B	-1.31%
CHD	C	-1.28%
REGN	D	-1.27%
NOC	B	-1.27%
MCD	B	-1.24%
FCN	C	-1.21%
VZ	A	-1.2%
IDCC	B	-1.14%
DLB	D	-1.06%
LRN	B	-1.05%
CL	C	-1.05%
DOX	C	-1.03%
GIS	B	-0.98%
WMB	C	-0.97%
HSTM	D	-0.97%
MGEE	C	-0.96%
GILD	B	-0.89%
CRUS	D	-0.86%
SAFT	D	-0.86%
GPOR	C	-0.85%
INST	D	-0.83%
NSIT	C	-0.83%
CHE	C	-0.81%
LAUR	C	-0.79%
NABL	F	-0.78%
BLKB	C	-0.78%
CVX	F	-0.77%
CAH	C	-0.75%
WTM	F	-0.75%
HPQ	C	-0.72%
AVGO	C	-0.71%
OSIS	C	-0.7%
AMGN	D	-0.64%
YELP	D	-0.63%
MCS	B	-0.61%
INSW	C	-0.55%
MATX	B	-0.54%
PBH	C	-0.52%
T	B	-0.51%
NEU	D	-0.49%
FLO	C	-0.47%
FANG	F	-0.45%
AJG	D	-0.43%
TRV	C	-0.43%
THFF	D	-0.42%
AZO	B	-0.42%
K	A	-0.4%
WEC	B	-0.39%
MDLZ	C	-0.39%
RLI	B	-0.36%
NVEC	D	-0.35%
OLLI	C	-0.34%
AMSF	C	-0.34%
JBSS	F	-0.33%
RTX	B	-0.33%
CASS	D	-0.32%
BMY	C	-0.31%
LDOS	A	-0.29%
BRK.A	C	-0.29%
IMMR	D	-0.28%
MO	C	-0.28%
MTSI	C	-0.26%
LOPE	D	-0.25%
KMI	C	-0.24%
EBF	C	-0.24%
EQC	D	-0.24%
EXEL	C	-0.23%
JJSF	B	-0.23%
OLED	D	-0.19%
SPOK	C	-0.19%
SPNS	D	-0.17%
QNST	C	-0.15%
PSX	F	-0.14%
DGICA	C	-0.12%
TNK	D	-0.12%
AMZN	C	-0.11%
CLBK	D	-0.1%
DJCO	C	-0.1%
DTM	C	-0.1%
CNXN	B	-0.08%
CB	B	-0.08%
KMB	C	-0.07%
GLRE	C	-0.06%
LANC	F	-0.06%
REYN	C	-0.06%
UNM	B	-0.06%
ATR	B	-0.05%
SFL	D	-0.05%
EIG	C	-0.04%
DTE	A	-0.04%
MU	D	-0.04%
AKAM	D	-0.04%
NBIX	F	-0.04%
CNA	D	-0.04%
SPOT	C	-0.03%
CMS	B	-0.03%
MSI	B	-0.03%