USMV vs. ACIO ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Aptus Collared Income Opportunity ETF (ACIO)

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

$94.57

Average Daily Volume

1,669,986

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

ACIO

Aptus Collared Income Opportunity ETF

ACIO Description

The investment seeks current income and capital appreciation. The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective principally by investing in a portfolio of large capitalization U.S.-listed equity securities and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the same underlying equity securities. It may write call options on up to 100% of each equity position held in the portfolio and will use a portion of the premium received from writing such call options to purchase put options. It is non-diversified.

Grade (RS Rating)

Last Trade

$41.01

Average Daily Volume

175,424

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USMV	ACIO
30 Days	3.92%	2.24%
60 Days	3.84%	3.59%
90 Days	5.09%	5.29%
12 Months	27.11%	27.55%

41 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in ACIO	Overlap
AAPL	A	0.99%	6.96%	0.99%
ABBV	D	1.04%	0.64%	0.64%
ABT	B	0.09%	0.79%	0.09%
ACN	B	1.29%	1.13%	1.13%
ADI	D	0.23%	0.84%	0.23%
ADP	A	0.09%	0.31%	0.09%
AMGN	F	0.59%	0.35%	0.35%
AMZN	B	0.14%	3.8%	0.14%
AVGO	D	1.19%	1.93%	1.19%
BMY	B	0.49%	0.71%	0.49%
BR	A	0.05%	0.41%	0.05%
BRK.A	B	1.55%	1.73%	1.55%
CMCSA	C	0.39%	0.39%	0.39%
DUK	C	1.49%	0.64%	0.64%
EOG	C	0.17%	0.49%	0.17%
FANG	F	0.55%	0.74%	0.55%
FI	A	0.69%	1.1%	0.69%
GOOG	C	0.16%	3.78%	0.16%
HON	B	0.25%	0.92%	0.25%
ICE	D	0.28%	0.7%	0.28%
JNJ	D	1.18%	1.02%	1.02%
KO	D	0.1%	1.12%	0.1%
LIN	D	0.16%	1.3%	0.16%
LLY	D	1.25%	1.2%	1.2%
LMT	D	0.82%	1.6%	0.82%
MCD	D	1.25%	0.98%	0.98%
MMC	A	1.11%	0.89%	0.89%
MSFT	C	1.34%	6.16%	1.34%
MSI	B	1.81%	0.9%	0.9%
NOW	A	0.75%	2.05%	0.75%
NVDA	C	0.67%	7.18%	0.67%
PG	A	1.23%	1.11%	1.11%
PGR	A	1.67%	1.66%	1.66%
SO	C	1.35%	1.02%	1.02%
TJX	A	0.45%	0.87%	0.45%
TMUS	A	1.95%	1.22%	1.22%
UNH	B	1.34%	1.26%	1.26%
V	A	0.9%	1.8%	0.9%
VRTX	D	0.69%	0.45%	0.45%
WMT	A	1.78%	1.2%	1.2%
XOM	C	0.45%	1.85%	0.45%

USMV Overweight 129 Positions Relative to ACIO

Symbol	Grade	Weight
IBM	C	1.66%
WCN	A	1.56%
RSG	A	1.55%
CSCO	A	1.47%
CB	C	1.47%
APH	B	1.44%
WM	A	1.44%
NOC	D	1.43%
TXN	D	1.39%
VZ	B	1.35%
MCK	B	1.35%
ORCL	B	1.31%
ROP	B	1.3%
AJG	A	1.27%
TRV	B	1.15%
ED	C	1.13%
MRK	D	1.01%
PEP	F	1.01%
GDDY	A	1.0%
AZO	B	0.98%
GILD	B	0.94%
EA	B	0.89%
FCNCA	B	0.88%
CBOE	B	0.85%
K	A	0.8%
WEC	A	0.78%
CTSH	A	0.76%
T	A	0.74%
TSN	B	0.71%
MA	A	0.7%
ORLY	A	0.68%
ACGL	D	0.68%
COR	A	0.67%
GIS	D	0.66%
VRSN	C	0.64%
KR	A	0.61%
FICO	A	0.59%
REGN	F	0.59%
KDP	D	0.59%
TDY	B	0.57%
BDX	F	0.56%
KEYS	B	0.55%
FFIV	A	0.55%
MPC	D	0.54%
INCY	B	0.53%
AON	A	0.53%
CME	A	0.53%
PTC	A	0.52%
ELV	F	0.52%
YUM	B	0.5%
XEL	A	0.46%
NEM	F	0.46%
UBER	D	0.45%
JNPR	F	0.45%
MDLZ	F	0.44%
WDAY	C	0.43%
EG	C	0.43%
ERIE	D	0.42%
VRSK	A	0.42%
CL	D	0.41%
CHD	B	0.4%
HUM	C	0.4%
BAH	F	0.39%
AEP	C	0.39%
AKAM	D	0.39%
KHC	D	0.38%
WTW	A	0.38%
CTVA	A	0.38%
ROL	A	0.36%
IT	C	0.35%
AFG	A	0.35%
GEN	A	0.35%
CDW	F	0.35%
CVX	A	0.34%
MKL	A	0.34%
GRMN	B	0.33%
CPB	D	0.33%
AIZ	A	0.32%
NBIX	C	0.32%
WMB	B	0.31%
WRB	A	0.31%
GLW	B	0.31%
FWONK	A	0.31%
HSY	F	0.3%
HD	B	0.3%
ANET	C	0.29%
L	A	0.28%
AEE	A	0.24%
HUBS	B	0.24%
D	C	0.23%
AZPN	A	0.23%
ALNY	D	0.22%
NTAP	B	0.22%
BMRN	D	0.22%
HRL	D	0.21%
CI	D	0.21%
KMB	C	0.21%
TW	A	0.2%
DTE	C	0.2%
PKG	A	0.2%
PFE	D	0.2%
DPZ	B	0.19%
CRWD	B	0.19%
CMS	B	0.19%
CDNS	B	0.18%
MELI	C	0.18%
MOH	D	0.18%
SNPS	B	0.18%
HOLX	D	0.16%
STX	D	0.16%
UTHR	B	0.14%
MDT	D	0.13%
DELL	C	0.12%
HIG	A	0.12%
OXY	F	0.12%
DGX	B	0.11%
LNT	A	0.1%
RTX	D	0.09%
OTIS	C	0.07%
TEL	C	0.07%
ATO	A	0.06%
PSX	C	0.06%
FSLR	F	0.06%
KNX	B	0.06%
VLO	C	0.05%
CRM	B	0.05%
GD	F	0.05%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 35 Positions Relative to ACIO

Symbol	Grade	Weight
META	D	-2.47%
JPM	B	-1.98%
TSLA	B	-1.91%
SYK	B	-1.81%
CAT	B	-1.71%
AMAT	F	-1.32%
NFLX	B	-1.31%
BLK	C	-1.22%
LOW	C	-1.2%
MS	C	-1.14%
MAR	A	-1.11%
ISRG	B	-1.04%
TMO	F	-1.03%
COST	A	-1.02%
BAC	A	-1.02%
INTU	C	-1.01%
CSX	B	-1.0%
CTAS	A	-0.96%
AMT	D	-0.82%
PHM	D	-0.8%
DLR	A	-0.7%
NEE	D	-0.69%
MKC	D	-0.68%
C	B	-0.61%
MO	A	-0.61%
ETN	A	-0.61%
TYL	A	-0.6%
DE	B	-0.58%
PSA	C	-0.47%
ADBE	C	-0.46%
AMD	F	-0.45%
HCA	F	-0.45%
SHW	A	-0.42%
FCX	F	-0.36%
SLB	C	-0.25%