SPYV vs. USMV ETF Comparison

Comparison of SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV) to iShares MSCI USA Minimum Volatility ETF (USMV)

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.67

Average Daily Volume

2,147,969

Number of Holdings ^*

433

* 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	SPYV	USMV
30 Days	2.77%	1.70%
60 Days	4.01%	2.42%
90 Days	6.06%	4.02%
12 Months	26.94%	25.63%

133 Overlapping Holdings

Symbol	Grade	Weight in SPYV	Weight in USMV	Overlap
ABBV	D	0.88%	1.04%	0.88%
ABT	B	0.94%	0.09%	0.09%
ACN	C	0.49%	1.29%	0.49%
ADI	D	0.2%	0.23%	0.2%
ADP	B	0.35%	0.09%	0.09%
AEE	A	0.11%	0.24%	0.11%
AEP	D	0.23%	0.39%	0.23%
AIZ	A	0.05%	0.32%	0.05%
AJG	B	0.15%	1.27%	0.15%
AKAM	D	0.03%	0.39%	0.03%
AMGN	D	0.75%	0.59%	0.59%
AON	A	0.19%	0.53%	0.19%
APH	A	0.18%	1.44%	0.18%
ATO	A	0.1%	0.06%	0.06%
AZO	C	0.08%	0.98%	0.08%
BDX	F	0.31%	0.56%	0.31%
BMY	B	0.56%	0.49%	0.49%
BR	A	0.05%	0.05%	0.05%
BRK.A	B	4.01%	1.55%	1.55%
CB	C	0.5%	1.47%	0.5%
CBOE	B	0.03%	0.85%	0.03%
CDW	F	0.07%	0.35%	0.07%
CHD	B	0.07%	0.4%	0.07%
CI	F	0.42%	0.21%	0.21%
CL	D	0.21%	0.41%	0.21%
CMCSA	B	0.79%	0.39%	0.39%
CME	A	0.24%	0.53%	0.24%
CMS	C	0.09%	0.19%	0.09%
COR	B	0.2%	0.67%	0.2%
CPB	D	0.04%	0.33%	0.04%
CSCO	B	1.09%	1.47%	1.09%
CTSH	B	0.19%	0.76%	0.19%
CTVA	C	0.19%	0.38%	0.19%
CVS	D	0.32%	0.04%	0.04%
CVX	A	1.29%	0.34%	0.34%
D	C	0.22%	0.23%	0.22%
DELL	C	0.08%	0.12%	0.08%
DGX	A	0.08%	0.11%	0.08%
DPZ	C	0.04%	0.19%	0.04%
DTE	C	0.12%	0.2%	0.12%
DUK	C	0.4%	1.49%	0.4%
EA	A	0.1%	0.89%	0.1%
ED	D	0.15%	1.13%	0.15%
EG	C	0.07%	0.43%	0.07%
ELV	F	0.44%	0.52%	0.44%
EOG	A	0.12%	0.17%	0.12%
ERIE	D	0.02%	0.42%	0.02%
FFIV	B	0.07%	0.55%	0.07%
FI	A	0.27%	0.69%	0.27%
FSLR	F	0.1%	0.06%	0.06%
GD	F	0.35%	0.05%	0.05%
GEN	B	0.08%	0.35%	0.08%
GILD	C	0.54%	0.94%	0.54%
GIS	D	0.17%	0.66%	0.17%
GLW	B	0.17%	0.31%	0.17%
GRMN	B	0.07%	0.33%	0.07%
HD	A	1.19%	0.3%	0.3%
HIG	B	0.16%	0.12%	0.12%
HOLX	D	0.08%	0.16%	0.08%
HON	B	0.7%	0.25%	0.25%
HRL	D	0.04%	0.21%	0.04%
HSY	F	0.08%	0.3%	0.08%
HUM	C	0.16%	0.4%	0.16%
IBM	C	0.9%	1.66%	0.9%
ICE	C	0.42%	0.28%	0.28%
INCY	C	0.06%	0.53%	0.06%
JNJ	D	1.71%	1.18%	1.18%
JNPR	F	0.06%	0.45%	0.06%
K	A	0.1%	0.8%	0.1%
KDP	D	0.18%	0.59%	0.18%
KEYS	A	0.13%	0.55%	0.13%
KHC	F	0.13%	0.38%	0.13%
KMB	D	0.21%	0.21%	0.21%
KO	D	0.69%	0.1%	0.1%
KR	B	0.18%	0.61%	0.18%
L	A	0.07%	0.28%	0.07%
LIN	D	0.49%	0.16%	0.16%
LMT	D	0.54%	0.82%	0.54%
LNT	A	0.07%	0.1%	0.07%
MA	C	0.56%	0.7%	0.56%
MCD	D	0.56%	1.25%	0.56%
MCK	B	0.37%	1.35%	0.37%
MDLZ	F	0.24%	0.44%	0.24%
MDT	D	0.52%	0.13%	0.13%
MMC	B	0.25%	1.11%	0.25%
MOH	F	0.03%	0.18%	0.03%
MPC	D	0.11%	0.54%	0.11%
MRK	F	0.7%	1.01%	0.7%
MSI	B	0.16%	1.81%	0.16%
NEM	D	0.22%	0.46%	0.22%
NOC	D	0.32%	1.43%	0.32%
NTAP	C	0.07%	0.22%	0.07%
ORLY	B	0.09%	0.68%	0.09%
OTIS	C	0.11%	0.07%	0.07%
OXY	D	0.16%	0.12%	0.12%
PEP	F	0.68%	1.01%	0.68%
PFE	D	0.69%	0.2%	0.2%
PG	A	1.12%	1.23%	1.12%
PGR	A	0.35%	1.67%	0.35%
PKG	A	0.1%	0.2%	0.1%
PSX	C	0.25%	0.06%	0.06%
PTC	A	0.04%	0.52%	0.04%
REGN	F	0.16%	0.59%	0.16%
ROL	B	0.04%	0.36%	0.04%
ROP	B	0.16%	1.3%	0.16%
RSG	A	0.09%	1.55%	0.09%
RTX	C	0.74%	0.09%	0.09%
SO	D	0.44%	1.35%	0.44%
STX	D	0.06%	0.16%	0.06%
T	A	0.75%	0.74%	0.74%
TDY	B	0.1%	0.57%	0.1%
TJX	A	0.22%	0.45%	0.22%
TMUS	B	0.55%	1.95%	0.55%
TRV	B	0.27%	1.15%	0.27%
TSN	B	0.09%	0.71%	0.09%
TXN	C	0.56%	1.39%	0.56%
ULTA	F	0.03%	0.04%	0.03%
UNH	C	1.59%	1.34%	1.34%
V	A	0.82%	0.9%	0.82%
VLO	C	0.21%	0.05%	0.05%
VRSK	A	0.09%	0.42%	0.09%
VRSN	F	0.04%	0.64%	0.04%
VRTX	F	0.21%	0.69%	0.21%
VZ	C	0.81%	1.35%	0.81%
WEC	A	0.14%	0.78%	0.14%
WM	A	0.2%	1.44%	0.2%
WMB	A	0.19%	0.31%	0.19%
WMT	A	1.72%	1.78%	1.72%
WRB	A	0.08%	0.31%	0.08%
WTW	B	0.15%	0.38%	0.15%
XEL	A	0.18%	0.46%	0.18%
XOM	B	2.51%	0.45%	0.45%
YUM	B	0.1%	0.5%	0.1%

SPYV Overweight 300 Positions Relative to USMV

Symbol	Grade	Weight
JPM	A	3.22%
BAC	A	1.45%
WFC	A	1.16%
COST	B	1.11%
DIS	B	0.93%
GS	A	0.87%
MS	A	0.77%
DHR	F	0.72%
LOW	D	0.72%
NEE	D	0.72%
BLK	C	0.68%
C	A	0.61%
PM	B	0.59%
TMO	F	0.59%
SCHW	B	0.56%
MU	D	0.52%
GE	D	0.52%
PLD	D	0.5%
INTC	D	0.5%
UPS	C	0.46%
MO	A	0.44%
SPGI	C	0.43%
QCOM	F	0.41%
PYPL	B	0.41%
PNC	B	0.39%
USB	A	0.37%
CAT	B	0.37%
UNP	C	0.37%
WELL	A	0.36%
EMR	A	0.35%
MMM	D	0.34%
COF	B	0.33%
APD	A	0.33%
TGT	F	0.33%
FDX	B	0.31%
ISRG	A	0.3%
GM	B	0.3%
SLB	C	0.29%
TFC	A	0.29%
NSC	B	0.28%
JCI	C	0.27%
BK	A	0.27%
SRE	A	0.27%
BSX	B	0.27%
ETN	A	0.26%
AFL	B	0.26%
BA	F	0.26%
AMT	D	0.25%
GEV	B	0.24%
ALL	A	0.24%
KMI	A	0.24%
NKE	D	0.24%
FIS	C	0.23%
AXP	A	0.23%
MET	A	0.23%
AIG	B	0.23%
O	D	0.23%
CMI	A	0.23%
SBUX	A	0.22%
LHX	C	0.22%
SYK	C	0.22%
CCI	D	0.21%
PCG	A	0.21%
PRU	A	0.21%
SHW	A	0.21%
KVUE	A	0.21%
EQIX	A	0.21%
BKR	B	0.2%
F	C	0.2%
PEG	A	0.2%
DE	A	0.2%
CBRE	B	0.19%
MCO	B	0.19%
COP	C	0.19%
GEHC	F	0.18%
STZ	D	0.18%
A	D	0.18%
EXC	C	0.18%
CEG	D	0.18%
ITW	B	0.18%
MTB	A	0.17%
ZTS	D	0.17%
HPQ	B	0.17%
BX	A	0.17%
SYY	B	0.17%
HCA	F	0.16%
CTAS	B	0.16%
RMD	C	0.16%
SPG	B	0.16%
CSX	B	0.16%
WAB	B	0.16%
EXR	D	0.16%
DD	D	0.16%
FCX	D	0.15%
DOW	F	0.15%
ETR	B	0.15%
ADSK	A	0.15%
EIX	B	0.15%
FITB	A	0.15%
DLR	B	0.15%
NDAQ	A	0.15%
AVB	B	0.15%
CARR	D	0.15%
VICI	C	0.15%
XYL	D	0.14%
GPN	B	0.14%
CAH	B	0.14%
ABNB	C	0.14%
RJF	A	0.14%
UAL	A	0.14%
PSA	D	0.14%
EBAY	D	0.14%
ECL	D	0.14%
CNC	D	0.14%
TROW	B	0.13%
HPE	B	0.13%
DOV	A	0.13%
STT	A	0.13%
PAYX	C	0.13%
TT	A	0.13%
PPG	F	0.13%
PPL	B	0.12%
DVN	F	0.12%
SW	A	0.12%
EQR	B	0.12%
EW	C	0.12%
ADM	D	0.12%
HBAN	A	0.12%
VLTO	D	0.12%
EQT	B	0.12%
SYF	B	0.12%
AWK	D	0.12%
AMP	A	0.12%
VTR	C	0.12%
HAL	C	0.12%
WY	D	0.11%
LDOS	C	0.11%
IFF	D	0.11%
AME	A	0.11%
CINF	A	0.11%
FAST	B	0.11%
OKE	A	0.11%
RF	A	0.11%
BIIB	F	0.11%
ZBRA	B	0.1%
CLX	B	0.1%
MSCI	C	0.1%
OMC	C	0.1%
CHTR	C	0.1%
WDC	D	0.1%
CFG	B	0.1%
FE	C	0.1%
NTRS	A	0.1%
LYB	F	0.1%
IQV	D	0.1%
ES	D	0.1%
WBD	C	0.1%
ZBH	C	0.1%
DAL	C	0.09%
PFG	D	0.09%
MAA	B	0.09%
BALL	D	0.09%
MKC	D	0.09%
NRG	B	0.09%
INVH	D	0.09%
HWM	A	0.09%
LUV	C	0.09%
ESS	B	0.09%
CNP	B	0.09%
EFX	F	0.09%
PH	A	0.09%
IP	B	0.09%
LH	C	0.09%
DFS	B	0.09%
ON	D	0.08%
TXT	D	0.08%
NI	A	0.08%
AVY	D	0.08%
BAX	D	0.08%
IRM	D	0.08%
PCAR	B	0.08%
MTD	D	0.08%
KIM	A	0.08%
ARE	D	0.08%
ROK	B	0.08%
DG	F	0.08%
TRMB	B	0.08%
GPC	D	0.08%
TSCO	D	0.08%
TER	D	0.08%
IEX	B	0.08%
CSGP	D	0.08%
J	F	0.08%
KEY	B	0.08%
BBY	D	0.08%
LEN	D	0.08%
NDSN	B	0.07%
SBAC	D	0.07%
WAT	B	0.07%
NXPI	D	0.07%
RVTY	F	0.07%
APTV	D	0.07%
EVRG	A	0.07%
MCHP	D	0.07%
AMCR	D	0.07%
TTWO	A	0.07%
PWR	A	0.07%
JBHT	C	0.07%
DOC	D	0.07%
VTRS	A	0.07%
EL	F	0.07%
IDXX	F	0.07%
MNST	C	0.07%
EMN	D	0.06%
SJM	D	0.06%
ALB	C	0.06%
UHS	D	0.06%
REG	B	0.06%
MLM	B	0.06%
KMX	B	0.06%
BG	F	0.06%
JKHY	D	0.06%
HUBB	B	0.06%
ANSS	B	0.06%
CPT	B	0.06%
NUE	C	0.06%
CHRW	C	0.06%
GWW	B	0.06%
CAG	D	0.06%
SWK	D	0.06%
DLTR	F	0.06%
TPR	B	0.06%
SWKS	F	0.06%
MRNA	F	0.06%
UDR	B	0.06%
VMC	B	0.06%
IR	B	0.05%
STE	F	0.05%
GL	B	0.05%
AES	F	0.05%
FDS	B	0.05%
MKTX	D	0.05%
CRL	C	0.05%
LKQ	D	0.05%
PNW	B	0.05%
SNA	A	0.05%
CTLT	B	0.05%
FOXA	B	0.05%
EXPD	D	0.05%
IPG	D	0.05%
TAP	C	0.05%
NWSA	B	0.05%
PODD	C	0.05%
TECH	D	0.05%
BXP	D	0.05%
DXCM	D	0.05%
ALLE	D	0.04%
MRO	B	0.04%
HII	D	0.04%
BWA	D	0.04%
MAS	D	0.04%
IVZ	B	0.04%
MTCH	D	0.04%
HAS	D	0.04%
MOS	F	0.04%
EPAM	C	0.04%
HSIC	B	0.04%
FRT	B	0.04%
TFX	F	0.04%
SOLV	C	0.04%
DRI	B	0.04%
ENPH	F	0.03%
DAY	B	0.03%
BRO	B	0.03%
FOX	A	0.03%
POOL	C	0.03%
QRVO	F	0.03%
WBA	F	0.03%
PAYC	B	0.03%
CTRA	B	0.03%
LVS	C	0.03%
BEN	C	0.03%
JBL	B	0.03%
PARA	C	0.03%
FMC	D	0.03%
ALGN	D	0.03%
CF	B	0.03%
CCL	B	0.03%
STLD	B	0.03%
MHK	D	0.03%
AOS	F	0.02%
CZR	F	0.02%
NWS	B	0.02%
RL	B	0.02%
LW	C	0.02%
GNRC	B	0.02%
HST	C	0.02%
PNR	A	0.02%
MGM	D	0.01%
DVA	B	0.01%

SPYV Underweight 37 Positions Relative to USMV

Symbol	Grade	Weight
WCN	A	-1.56%
MSFT	F	-1.34%
ORCL	B	-1.31%
LLY	F	-1.25%
AVGO	D	-1.19%
GDDY	A	-1.0%
AAPL	C	-0.99%
FCNCA	A	-0.88%
NOW	A	-0.75%
ACGL	D	-0.68%
NVDA	C	-0.67%
FICO	B	-0.59%
FANG	D	-0.55%
UBER	D	-0.45%
WDAY	B	-0.43%
BAH	F	-0.39%
IT	C	-0.35%
AFG	A	-0.35%
MKL	A	-0.34%
NBIX	C	-0.32%
FWONK	B	-0.31%
ANET	C	-0.29%
HUBS	A	-0.24%
AZPN	A	-0.23%
ALNY	D	-0.22%
BMRN	D	-0.22%
TW	A	-0.2%
CRWD	B	-0.19%
CDNS	B	-0.18%
MELI	D	-0.18%
SNPS	B	-0.18%
GOOG	C	-0.16%
UTHR	C	-0.14%
AMZN	C	-0.14%
TEL	B	-0.07%
KNX	B	-0.06%
CRM	B	-0.05%