SMMV vs. QLV ETF Comparison

Comparison of iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) to FlexShares US Quality Low Volatility Index Fund (QLV)

SMMV

iShares MSCI USA Small-Cap Min Vol Factor ETF

SMMV Description

iShares Edge MSCI Min Vol USA Small-Cap ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that, in the aggregate, have lower volatility characteristics relative to the small-capitalization U.S. equity market.

Grade (RS Rating)

Last Trade

$36.45

Average Daily Volume

55,455

Number of Holdings ^*

292

* may have additional holdings in another (foreign) market

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$62.21

Average Daily Volume

15,442

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	SMMV	QLV
30 Days	-2.87%	1.41%
60 Days	2.51%	6.17%
90 Days	-0.12%	4.60%
12 Months	7.15%	18.81%

20 Overlapping Holdings

Symbol	Grade	Weight in SMMV	Weight in QLV	Overlap
ADC	B	1.34%	0.53%	0.53%
ALKS	C	0.69%	0.07%	0.07%
ATR	B	1.49%	0.53%	0.53%
CHE	D	1.47%	0.74%	0.74%
CWAN	B	0.36%	0.37%	0.36%
DTM	B	0.88%	0.52%	0.52%
FCN	D	0.78%	0.49%	0.49%
FLO	D	0.99%	0.45%	0.45%
IDA	D	1.0%	0.23%	0.23%
LSTR	D	0.91%	0.7%	0.7%
PNW	B	0.86%	0.48%	0.48%
RGLD	D	1.4%	0.74%	0.74%
RYAN	C	0.61%	0.51%	0.51%
SCI	B	0.25%	0.49%	0.25%
SFM	B	0.67%	0.51%	0.51%
SIGI	F	1.27%	0.49%	0.49%
SLGN	D	0.14%	0.31%	0.14%
SR	D	0.07%	0.37%	0.07%
SWX	D	0.2%	0.49%	0.2%
TGNA	F	0.46%	0.36%	0.36%

SMMV Overweight 272 Positions Relative to QLV

Symbol	Grade	Weight
MUSA	B	1.54%
ORI	C	1.51%
AXS	B	1.38%
EXEL	D	1.26%
HQY	B	1.22%
RLI	D	1.18%
GNTX	D	1.17%
RGA	B	1.17%
OGE	B	1.12%
EHC	B	1.06%
THG	D	1.04%
DLB	F	1.03%
ENSG	B	1.01%
WTM	C	0.99%
RNR	C	0.94%
MDU	C	0.91%
CVLT	B	0.87%
POST	D	0.86%
NEU	D	0.84%
BJ	B	0.84%
CACI	A	0.82%
PAGP	D	0.79%
PSN	C	0.78%
CASY	B	0.74%
PBH	D	0.71%
LOPE	C	0.71%
INGR	D	0.69%
PNM	C	0.69%
TKO	B	0.68%
CCCS	B	0.67%
NWE	C	0.67%
CW	C	0.67%
MSM	F	0.67%
AMED	F	0.65%
CTRE	B	0.64%
BWXT	D	0.64%
WEN	F	0.64%
BRC	B	0.64%
MSGS	C	0.63%
HESM	C	0.61%
SON	C	0.6%
FCFS	D	0.6%
TXRH	B	0.6%
IONS	C	0.59%
INSM	A	0.57%
OHI	A	0.55%
LRN	B	0.54%
JJSF	B	0.54%
GHC	D	0.53%
KBR	D	0.53%
CALM	C	0.53%
CCOI	F	0.53%
POR	D	0.52%
INSW	C	0.52%
MSA	C	0.51%
ESGR	C	0.51%
VNOM	D	0.49%
PINC	F	0.49%
WERN	D	0.48%
PCVX	B	0.45%
JAZZ	C	0.45%
HRB	B	0.45%
NSIT	B	0.45%
IBKR	B	0.44%
PRGS	F	0.44%
NYT	B	0.44%
LAUR	D	0.43%
EQC	B	0.43%
AVT	B	0.42%
SNX	A	0.42%
PDCO	F	0.42%
AM	B	0.4%
ADUS	B	0.4%
VRRM	C	0.4%
GO	F	0.4%
IDYA	D	0.39%
MGEE	D	0.39%
HURN	C	0.39%
BATRK	C	0.39%
LANC	C	0.38%
REYN	C	0.38%
VIRT	B	0.37%
XENE	F	0.37%
GPOR	C	0.35%
ASH	C	0.35%
SMPL	B	0.35%
CWST	B	0.35%
MCY	D	0.34%
MGRC	D	0.34%
KNTK	B	0.34%
DCI	D	0.34%
CSWI	B	0.33%
DVAX	D	0.33%
BHE	B	0.32%
HMN	D	0.32%
HLI	C	0.32%
NHC	B	0.31%
PRDO	C	0.31%
VVV	C	0.3%
OPCH	D	0.29%
MMS	B	0.29%
ALE	B	0.29%
UNF	F	0.29%
DRS	A	0.29%
YELP	F	0.29%
SAIC	D	0.28%
SKWD	D	0.28%
SNDR	D	0.28%
CRAI	B	0.27%
WT	B	0.26%
UNM	D	0.26%
NWLI	A	0.25%
NJR	C	0.25%
OLLI	B	0.25%
CRNX	D	0.25%
SAFT	D	0.25%
DBX	F	0.25%
COLL	D	0.24%
NTST	C	0.24%
EIG	D	0.24%
LBTYK	C	0.23%
WABC	D	0.23%
OSW	B	0.23%
IMKTA	F	0.22%
AVPT	B	0.22%
CORT	B	0.22%
KRP	C	0.22%
IDCC	B	0.22%
HWKN	B	0.22%
AGX	B	0.21%
AVA	D	0.21%
EDR	A	0.2%
INVA	B	0.2%
PPC	C	0.19%
HCC	C	0.19%
RARE	F	0.19%
ATEN	D	0.18%
CHH	D	0.18%
SPNT	C	0.18%
NTCT	F	0.18%
MIRM	C	0.18%
SHEN	D	0.18%
ARCH	D	0.18%
AWR	D	0.18%
AMSF	F	0.18%
BFC	D	0.18%
ICFI	D	0.18%
JBSS	D	0.18%
KNSA	C	0.17%
GTX	D	0.17%
PRGO	F	0.17%
CWT	D	0.17%
IRWD	F	0.16%
NABL	B	0.16%
WMK	D	0.16%
PJT	B	0.16%
RGR	F	0.16%
CNXN	C	0.16%
KRYS	B	0.15%
REX	D	0.15%
SPTN	F	0.15%
HALO	B	0.15%
USLM	B	0.15%
BLKB	D	0.15%
CNX	B	0.14%
VITL	B	0.14%
ACHC	F	0.14%
CXW	F	0.14%
HSTM	B	0.14%
CHCO	D	0.14%
KELYA	D	0.14%
SMP	F	0.13%
LSXMA	F	0.13%
GPK	D	0.13%
OGS	F	0.13%
CLW	B	0.13%
VVX	D	0.13%
ADMA	A	0.13%
IDT	D	0.13%
VREX	F	0.13%
UVE	D	0.12%
CIEN	F	0.12%
ALRM	D	0.12%
ATGE	B	0.12%
ANIP	D	0.11%
NTNX	C	0.11%
UFCS	D	0.11%
LTC	B	0.11%
STRA	C	0.11%
CCRN	D	0.11%
LQDA	C	0.11%
EBF	B	0.11%
HCKT	D	0.11%
USM	B	0.11%
IRON	C	0.11%
PBF	F	0.1%
LMAT	A	0.1%
AGIO	B	0.1%
DJCO	B	0.1%
DHIL	F	0.1%
ACEL	D	0.1%
YORW	D	0.1%
HCI	D	0.09%
THS	D	0.09%
ZYME	C	0.09%
NPK	D	0.09%
FRPH	D	0.09%
LQDT	B	0.09%
CEIX	B	0.08%
ITCI	D	0.08%
RAMP	F	0.08%
SCHL	F	0.08%
GWRE	B	0.08%
DCPH	A	0.08%
TIPT	D	0.08%
EPAC	B	0.08%
ACT	D	0.08%
PLXS	C	0.08%
NRC	F	0.08%
FC	F	0.08%
IMNM	D	0.08%
TARS	D	0.07%
DK	F	0.07%
WINA	D	0.07%
IMXI	C	0.07%
TBPH	F	0.07%
HG	B	0.07%
CPK	C	0.07%
SEB	F	0.07%
CNSL	B	0.07%
MATX	B	0.07%
ACLX	C	0.07%
MODN	B	0.07%
OSIS	C	0.07%
BBSI	B	0.07%
ATEX	D	0.07%
NTGR	B	0.06%
COKE	B	0.06%
AESI	D	0.06%
DORM	C	0.06%
MCS	D	0.06%
BATRA	C	0.06%
UTZ	C	0.06%
USPH	F	0.06%
BOX	D	0.06%
CGON	C	0.06%
TH	F	0.06%
RMR	D	0.06%
CRVL	C	0.06%
SENEA	C	0.06%
SPRY	D	0.06%
CRGX	F	0.05%
IMAX	F	0.05%
ITOS	B	0.05%
ANAB	B	0.05%
KROS	C	0.05%
CGEM	D	0.05%
EWTX	C	0.05%
ACAD	F	0.05%
UTI	D	0.05%
GNK	C	0.05%
SQSP	A	0.05%
MITK	F	0.05%
SWBI	D	0.05%
GEO	D	0.05%
ADEA	B	0.05%
CART	D	0.05%
BTU	D	0.05%
IRMD	B	0.04%
ROG	C	0.04%
DAWN	F	0.04%
BMEA	F	0.02%

SMMV Underweight 90 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	A	-8.93%
AAPL	B	-5.02%
NVDA	A	-4.62%
PG	A	-3.44%
MRK	B	-3.28%
LLY	A	-2.93%
AMZN	B	-2.37%
V	D	-2.2%
MCD	D	-1.89%
PEP	D	-1.73%
VZ	C	-1.71%
ABBV	B	-1.31%
T	B	-1.3%
VRTX	A	-1.23%
IBM	C	-1.22%
META	B	-1.12%
AVGO	A	-1.09%
GOOGL	A	-1.07%
LMT	C	-1.06%
TMUS	B	-1.05%
ABT	D	-1.03%
DUK	B	-0.89%
TXN	B	-0.88%
WM	C	-0.88%
DLR	A	-0.85%
CME	D	-0.85%
GILD	D	-0.85%
GOOG	A	-0.84%
AMGN	B	-0.83%
ADP	C	-0.82%
ALL	D	-0.8%
CHKP	B	-0.79%
GIS	D	-0.78%
AVY	A	-0.78%
TYL	B	-0.78%
JNJ	F	-0.77%
PSA	B	-0.77%
PKG	B	-0.77%
ED	D	-0.76%
WEC	D	-0.75%
VRSK	A	-0.74%
AIZ	D	-0.73%
AFG	D	-0.73%
REGN	A	-0.71%
DOX	F	-0.71%
WDFC	D	-0.7%
QLYS	D	-0.69%
CB	B	-0.68%
CHRW	B	-0.66%
GD	C	-0.64%
NOC	F	-0.6%
WCN	B	-0.57%
RSG	C	-0.57%
TRV	D	-0.56%
XEL	D	-0.55%
AZO	C	-0.54%
EQIX	C	-0.54%
AEP	B	-0.53%
BRK.A	C	-0.53%
BAH	B	-0.53%
MKL	C	-0.52%
AEE	D	-0.52%
CTRA	D	-0.52%
HSY	F	-0.52%
TSCO	B	-0.52%
CMS	C	-0.51%
CINF	D	-0.51%
QGEN	C	-0.51%
BMRN	C	-0.5%
NBIX	C	-0.5%
HII	D	-0.5%
WRB	D	-0.49%
CHK	D	-0.49%
CPB	C	-0.48%
TTEK	B	-0.48%
HRL	F	-0.44%
MCK	A	-0.34%
DDS	D	-0.3%
CRUS	A	-0.29%
BMI	B	-0.24%
EA	B	-0.2%
PM	B	-0.18%
ROP	B	-0.18%
JPM	C	-0.18%
LIN	C	-0.18%
UNH	C	-0.14%
HELE	D	-0.09%
XOM	D	-0.08%
CLX	D	-0.05%
EXPD	B	-0.03%