USMV vs. AFLG ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Active Factor Large Cap ETF (AFLG)

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

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.73

Average Daily Volume

35,934

Number of Holdings ^*

248

* may have additional holdings in another (foreign) market

Performance

Period	USMV	AFLG
30 Days	1.70%	4.50%
60 Days	2.42%	5.60%
90 Days	4.02%	7.89%
12 Months	25.63%	37.65%

87 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in AFLG	Overlap
AAPL	C	0.99%	7.06%	0.99%
ABBV	D	1.04%	0.82%	0.82%
ACGL	D	0.68%	0.17%	0.17%
ACN	C	1.29%	0.22%	0.22%
AIZ	A	0.32%	0.16%	0.16%
ALNY	D	0.22%	0.21%	0.21%
AMZN	C	0.14%	1.78%	0.14%
ANET	C	0.29%	0.13%	0.13%
APH	A	1.44%	0.58%	0.58%
AVGO	D	1.19%	1.27%	1.19%
AZO	C	0.98%	0.17%	0.17%
BAH	F	0.39%	0.17%	0.17%
BMY	B	0.49%	0.58%	0.49%
BRK.A	B	1.55%	1.57%	1.55%
CBOE	B	0.85%	0.38%	0.38%
CDNS	B	0.18%	0.05%	0.05%
CDW	F	0.35%	0.03%	0.03%
CI	F	0.21%	0.15%	0.15%
CL	D	0.41%	0.58%	0.41%
CMCSA	B	0.39%	0.55%	0.39%
CME	A	0.53%	0.23%	0.23%
COR	B	0.67%	0.57%	0.57%
CRM	B	0.05%	0.59%	0.05%
CSCO	B	1.47%	0.44%	0.44%
CTSH	B	0.76%	0.45%	0.45%
CVS	D	0.04%	0.18%	0.04%
CVX	A	0.34%	0.45%	0.34%
DELL	C	0.12%	0.14%	0.12%
DPZ	C	0.19%	0.05%	0.05%
EA	A	0.89%	0.32%	0.32%
ED	D	1.13%	0.25%	0.25%
EG	C	0.43%	0.15%	0.15%
ELV	F	0.52%	0.67%	0.52%
ERIE	D	0.42%	0.24%	0.24%
FFIV	B	0.55%	0.6%	0.55%
FI	A	0.69%	0.12%	0.12%
FICO	B	0.59%	0.8%	0.59%
GDDY	A	1.0%	0.55%	0.55%
GEN	B	0.35%	0.1%	0.1%
GILD	C	0.94%	0.57%	0.57%
GRMN	B	0.33%	0.41%	0.33%
HIG	B	0.12%	1.11%	0.12%
HOLX	D	0.16%	0.04%	0.04%
HUM	C	0.4%	0.17%	0.17%
IBM	C	1.66%	0.44%	0.44%
ICE	C	0.28%	0.4%	0.28%
INCY	C	0.53%	0.22%	0.22%
IT	C	0.35%	0.12%	0.12%
JNJ	D	1.18%	0.7%	0.7%
KEYS	A	0.55%	0.22%	0.22%
KHC	F	0.38%	0.1%	0.1%
KMB	D	0.21%	0.05%	0.05%
KO	D	0.1%	0.33%	0.1%
KR	B	0.61%	0.47%	0.47%
L	A	0.28%	0.18%	0.18%
LLY	F	1.25%	0.42%	0.42%
LMT	D	0.82%	0.34%	0.34%
MA	C	0.7%	0.21%	0.21%
MCK	B	1.35%	0.53%	0.53%
MOH	F	0.18%	0.08%	0.08%
MPC	D	0.54%	0.13%	0.13%
MRK	F	1.01%	0.62%	0.62%
MSFT	F	1.34%	4.6%	1.34%
MSI	B	1.81%	0.39%	0.39%
NTAP	C	0.22%	0.63%	0.22%
NVDA	C	0.67%	5.45%	0.67%
ORLY	B	0.68%	0.06%	0.06%
PG	A	1.23%	0.84%	0.84%
PGR	A	1.67%	0.73%	0.73%
PKG	A	0.2%	0.36%	0.2%
PSX	C	0.06%	0.09%	0.06%
ROL	B	0.36%	0.06%	0.06%
SNPS	B	0.18%	0.06%	0.06%
SO	D	1.35%	0.13%	0.13%
T	A	0.74%	0.18%	0.18%
TJX	A	0.45%	0.38%	0.38%
TMUS	B	1.95%	0.35%	0.35%
ULTA	F	0.04%	0.14%	0.04%
UNH	C	1.34%	0.27%	0.27%
UTHR	C	0.14%	0.04%	0.04%
V	A	0.9%	0.3%	0.3%
VLO	C	0.05%	0.31%	0.05%
VRSN	F	0.64%	0.21%	0.21%
VZ	C	1.35%	0.49%	0.49%
WMT	A	1.78%	0.61%	0.61%
WTW	B	0.38%	0.05%	0.05%
XOM	B	0.45%	0.74%	0.45%

USMV Overweight 83 Positions Relative to AFLG

Symbol	Grade	Weight
WCN	A	1.56%
RSG	A	1.55%
DUK	C	1.49%
CB	C	1.47%
WM	A	1.44%
NOC	D	1.43%
TXN	C	1.39%
ORCL	B	1.31%
ROP	B	1.3%
AJG	B	1.27%
MCD	D	1.25%
TRV	B	1.15%
MMC	B	1.11%
PEP	F	1.01%
FCNCA	A	0.88%
K	A	0.8%
WEC	A	0.78%
NOW	A	0.75%
TSN	B	0.71%
VRTX	F	0.69%
GIS	D	0.66%
AMGN	D	0.59%
REGN	F	0.59%
KDP	D	0.59%
TDY	B	0.57%
BDX	F	0.56%
FANG	D	0.55%
AON	A	0.53%
PTC	A	0.52%
YUM	B	0.5%
XEL	A	0.46%
NEM	D	0.46%
UBER	D	0.45%
JNPR	F	0.45%
MDLZ	F	0.44%
WDAY	B	0.43%
VRSK	A	0.42%
CHD	B	0.4%
AEP	D	0.39%
AKAM	D	0.39%
CTVA	C	0.38%
AFG	A	0.35%
MKL	A	0.34%
CPB	D	0.33%
NBIX	C	0.32%
WMB	A	0.31%
WRB	A	0.31%
GLW	B	0.31%
FWONK	B	0.31%
HSY	F	0.3%
HD	A	0.3%
HON	B	0.25%
AEE	A	0.24%
HUBS	A	0.24%
ADI	D	0.23%
D	C	0.23%
AZPN	A	0.23%
BMRN	D	0.22%
HRL	D	0.21%
TW	A	0.2%
DTE	C	0.2%
PFE	D	0.2%
CRWD	B	0.19%
CMS	C	0.19%
MELI	D	0.18%
EOG	A	0.17%
LIN	D	0.16%
STX	D	0.16%
GOOG	C	0.16%
MDT	D	0.13%
OXY	D	0.12%
DGX	A	0.11%
LNT	A	0.1%
RTX	C	0.09%
ADP	B	0.09%
ABT	B	0.09%
OTIS	C	0.07%
TEL	B	0.07%
ATO	A	0.06%
FSLR	F	0.06%
KNX	B	0.06%
BR	A	0.05%
GD	F	0.05%

USMV Underweight 161 Positions Relative to AFLG

Symbol	Grade	Weight
GOOGL	C	-2.04%
META	D	-1.8%
APP	B	-1.29%
VST	B	-1.26%
MO	A	-0.99%
NFLX	A	-0.91%
COST	B	-0.9%
UHS	D	-0.89%
QCOM	F	-0.88%
NRG	B	-0.81%
RL	B	-0.79%
AFL	B	-0.75%
BK	A	-0.73%
CTAS	B	-0.7%
EME	C	-0.68%
BSX	B	-0.68%
RS	B	-0.66%
SNA	A	-0.63%
CEG	D	-0.62%
SPG	B	-0.58%
PEG	A	-0.57%
CAT	B	-0.56%
MMM	D	-0.55%
ETN	A	-0.55%
FOXA	B	-0.55%
PHM	D	-0.52%
FE	C	-0.52%
ECL	D	-0.52%
CMI	A	-0.51%
MAS	D	-0.5%
HPQ	B	-0.49%
TT	A	-0.49%
STLD	B	-0.47%
MAA	B	-0.47%
BBY	D	-0.47%
NVR	D	-0.47%
TPR	B	-0.47%
HWM	A	-0.46%
VICI	C	-0.44%
GLPI	C	-0.42%
CF	B	-0.42%
CNA	B	-0.42%
WSM	B	-0.41%
AXP	A	-0.41%
PCAR	B	-0.39%
CSL	C	-0.39%
HSIC	B	-0.39%
IBKR	A	-0.39%
WAB	B	-0.38%
AOS	F	-0.38%
NUE	C	-0.37%
HST	C	-0.37%
HLT	A	-0.36%
TRGP	B	-0.36%
FIS	C	-0.36%
RHI	B	-0.36%
OC	A	-0.36%
PM	B	-0.35%
AMAT	F	-0.34%
IP	B	-0.34%
BLDR	D	-0.33%
WELL	A	-0.32%
CMG	B	-0.32%
DHI	D	-0.32%
LEN	D	-0.32%
ADBE	C	-0.31%
LOW	D	-0.31%
BRO	B	-0.3%
EVRG	A	-0.29%
RF	A	-0.29%
WU	D	-0.29%
SYF	B	-0.29%
DVN	F	-0.29%
AIG	B	-0.28%
VSCO	B	-0.28%
DECK	A	-0.28%
BKNG	A	-0.28%
CFG	B	-0.27%
OGN	D	-0.27%
MANH	D	-0.25%
SOLV	C	-0.25%
MTCH	D	-0.25%
LII	A	-0.25%
FDX	B	-0.24%
EIX	B	-0.23%
ZM	B	-0.23%
PH	A	-0.23%
VTR	C	-0.21%
WPC	D	-0.21%
EXPE	B	-0.21%
NWSA	B	-0.2%
GWW	B	-0.2%
TROW	B	-0.2%
SWKS	F	-0.2%
PPG	F	-0.19%
SHW	A	-0.19%
CNC	D	-0.19%
JBL	B	-0.18%
BEN	C	-0.17%
TOL	B	-0.16%
AMP	A	-0.16%
GL	B	-0.16%
LKQ	D	-0.16%
VRT	B	-0.16%
CPT	B	-0.15%
GE	D	-0.15%
SYK	C	-0.15%
BBWI	D	-0.13%
LDOS	C	-0.13%
CAH	B	-0.11%
SCCO	F	-0.11%
RPM	A	-0.11%
RMD	C	-0.1%
EQR	B	-0.1%
VTRS	A	-0.1%
EBAY	D	-0.1%
KLAC	D	-0.1%
ETSY	D	-0.09%
PRU	A	-0.09%
SSNC	B	-0.09%
CRBG	B	-0.09%
BLK	C	-0.09%
LH	C	-0.09%
ALL	A	-0.08%
TPL	A	-0.08%
J	F	-0.08%
DXC	B	-0.08%
SPGI	C	-0.08%
BG	F	-0.07%
LYB	F	-0.07%
IPG	D	-0.07%
CVNA	B	-0.07%
TXT	D	-0.07%
DINO	D	-0.06%
DASH	A	-0.06%
WSO	A	-0.06%
ADM	D	-0.06%
ZION	B	-0.06%
UDR	B	-0.05%
PPL	B	-0.05%
NXPI	D	-0.05%
ESS	B	-0.05%
AVB	B	-0.05%
QRVO	F	-0.05%
MCO	B	-0.05%
EPAM	C	-0.05%
STT	A	-0.05%
PSA	D	-0.05%
PINS	D	-0.04%
AMCR	D	-0.04%
PFG	D	-0.04%
ROST	C	-0.04%
IVZ	B	-0.04%
MET	A	-0.04%
DKS	C	-0.04%
MOS	F	-0.03%
WBA	F	-0.03%
BWA	D	-0.03%
ALLE	D	-0.01%
EQH	B	-0.0%
TDG	D	-0.0%