USMV vs. AUSF ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Global X Adaptive U.S. Factor ETF (AUSF)

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

$92.96

Average Daily Volume

1,638,518

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

AUSF

Global X Adaptive U.S. Factor ETF

AUSF Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Adaptive Wealth Strategies U.S. Factor Index (the "index"). The fund invests at least 80% of its total assets in the securities of the index. Its 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The index is designed to dynamically allocate across three sub-indices that provide exposure to U.S. equities that exhibit characteristics of one of three primary factors: value, momentum and low volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.07

Average Daily Volume

36,827

Number of Holdings ^*

190

* may have additional holdings in another (foreign) market

Performance

Period	USMV	AUSF
30 Days	0.94%	2.63%
60 Days	2.29%	4.88%
90 Days	3.46%	5.86%
12 Months	24.96%	31.88%

80 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in AUSF	Overlap
AAPL	C	0.99%	0.1%	0.1%
ABBV	F	1.04%	0.14%	0.14%
ADP	A	0.09%	1.45%	0.09%
AJG	A	1.27%	0.07%	0.07%
AKAM	D	0.39%	0.06%	0.06%
AMGN	F	0.59%	0.08%	0.08%
ATO	A	0.06%	0.07%	0.06%
BDX	F	0.56%	0.08%	0.08%
BR	A	0.05%	0.83%	0.05%
BRK.A	B	1.55%	1.46%	1.46%
CB	C	1.47%	0.08%	0.08%
CBOE	C	0.85%	0.88%	0.85%
CHD	A	0.4%	0.11%	0.11%
CI	D	0.21%	0.08%	0.08%
CL	D	0.41%	0.07%	0.07%
CMCSA	B	0.39%	0.51%	0.39%
CME	B	0.53%	1.36%	0.53%
COR	B	0.67%	1.52%	0.67%
CSCO	B	1.47%	1.41%	1.41%
CVS	D	0.04%	0.46%	0.04%
CVX	A	0.34%	0.09%	0.09%
DGX	A	0.11%	0.07%	0.07%
DUK	C	1.49%	0.09%	0.09%
EA	A	0.89%	1.37%	0.89%
ED	C	1.13%	0.08%	0.08%
FI	A	0.69%	0.07%	0.07%
GD	D	0.05%	1.45%	0.05%
GDDY	A	1.0%	0.1%	0.1%
GRMN	B	0.33%	0.13%	0.13%
HIG	B	0.12%	0.08%	0.08%
HOLX	D	0.16%	0.08%	0.08%
HON	C	0.25%	0.07%	0.07%
IBM	C	1.66%	1.32%	1.32%
ICE	C	0.28%	1.39%	0.28%
JNJ	C	1.18%	1.31%	1.18%
JNPR	D	0.45%	1.44%	0.45%
K	A	0.8%	0.07%	0.07%
KHC	F	0.38%	0.44%	0.38%
KMB	C	0.21%	0.07%	0.07%
KO	D	0.1%	1.01%	0.1%
KR	B	0.61%	0.12%	0.12%
L	A	0.28%	0.07%	0.07%
LIN	C	0.16%	1.34%	0.16%
LMT	D	0.82%	1.45%	0.82%
MA	B	0.7%	0.08%	0.08%
MCD	D	1.25%	0.71%	0.71%
MCK	A	1.35%	0.09%	0.09%
MDLZ	F	0.44%	0.07%	0.07%
MDT	D	0.13%	0.46%	0.13%
MMC	B	1.11%	1.41%	1.11%
MRK	D	1.01%	0.99%	0.99%
MSI	B	1.81%	0.09%	0.09%
NOC	D	1.43%	0.09%	0.09%
PEP	F	1.01%	0.67%	0.67%
PFE	F	0.2%	0.44%	0.2%
PG	C	1.23%	0.79%	0.79%
PGR	A	1.67%	0.18%	0.18%
PKG	A	0.2%	0.09%	0.09%
REGN	F	0.59%	0.06%	0.06%
ROP	B	1.3%	0.07%	0.07%
RSG	A	1.55%	1.53%	1.53%
RTX	D	0.09%	1.42%	0.09%
SO	C	1.35%	0.12%	0.12%
T	A	0.74%	1.81%	0.74%
TJX	A	0.45%	0.07%	0.07%
TMUS	B	1.95%	1.58%	1.58%
TRV	B	1.15%	0.11%	0.11%
TW	A	0.2%	0.13%	0.13%
UNH	B	1.34%	0.08%	0.08%
V	A	0.9%	1.5%	0.9%
VRSK	A	0.42%	0.1%	0.1%
VRSN	C	0.64%	0.08%	0.08%
VRTX	D	0.69%	0.07%	0.07%
VZ	C	1.35%	1.72%	1.35%
WM	B	1.44%	1.39%	1.39%
WMB	A	0.31%	0.1%	0.1%
WMT	A	1.78%	1.5%	1.5%
WRB	A	0.31%	0.09%	0.09%
XOM	B	0.45%	0.08%	0.08%
YUM	D	0.5%	0.26%	0.26%

USMV Overweight 90 Positions Relative to AUSF

Symbol	Grade	Weight
WCN	A	1.56%
APH	A	1.44%
TXN	C	1.39%
MSFT	D	1.34%
ORCL	A	1.31%
ACN	B	1.29%
LLY	F	1.25%
AVGO	D	1.19%
AZO	C	0.98%
GILD	C	0.94%
FCNCA	A	0.88%
WEC	A	0.78%
CTSH	B	0.76%
NOW	A	0.75%
TSN	B	0.71%
ORLY	B	0.68%
ACGL	C	0.68%
NVDA	B	0.67%
GIS	D	0.66%
FICO	B	0.59%
KDP	F	0.59%
TDY	B	0.57%
KEYS	A	0.55%
FANG	C	0.55%
FFIV	B	0.55%
MPC	D	0.54%
INCY	C	0.53%
AON	A	0.53%
PTC	B	0.52%
ELV	F	0.52%
BMY	B	0.49%
XEL	A	0.46%
NEM	D	0.46%
UBER	F	0.45%
WDAY	B	0.43%
EG	C	0.43%
ERIE	D	0.42%
HUM	C	0.4%
BAH	F	0.39%
AEP	C	0.39%
WTW	B	0.38%
CTVA	C	0.38%
ROL	B	0.36%
IT	C	0.35%
AFG	A	0.35%
GEN	B	0.35%
CDW	F	0.35%
MKL	A	0.34%
CPB	D	0.33%
AIZ	A	0.32%
NBIX	C	0.32%
GLW	B	0.31%
FWONK	A	0.31%
HSY	F	0.3%
HD	B	0.3%
ANET	C	0.29%
AEE	A	0.24%
HUBS	A	0.24%
ADI	D	0.23%
D	C	0.23%
AZPN	A	0.23%
ALNY	D	0.22%
NTAP	C	0.22%
BMRN	F	0.22%
HRL	D	0.21%
DTE	C	0.2%
DPZ	C	0.19%
CRWD	B	0.19%
CMS	C	0.19%
CDNS	B	0.18%
MELI	C	0.18%
MOH	F	0.18%
SNPS	B	0.18%
EOG	A	0.17%
STX	C	0.16%
GOOG	C	0.16%
UTHR	C	0.14%
AMZN	C	0.14%
DELL	B	0.12%
OXY	D	0.12%
LNT	A	0.1%
ABT	B	0.09%
OTIS	C	0.07%
TEL	B	0.07%
PSX	C	0.06%
FSLR	F	0.06%
KNX	C	0.06%
VLO	C	0.05%
CRM	B	0.05%
ULTA	F	0.04%

USMV Underweight 110 Positions Relative to AUSF

Symbol	Grade	Weight
BSX	A	-1.49%
DOX	D	-1.36%
ACI	C	-1.29%
EDR	A	-1.27%
DTM	A	-0.67%
MARA	B	-0.67%
UNM	A	-0.63%
KMI	A	-0.63%
MO	A	-0.62%
LBRDK	C	-0.59%
IP	A	-0.57%
COLB	B	-0.57%
TPR	B	-0.57%
UMBF	B	-0.57%
ONB	C	-0.57%
SYF	B	-0.57%
ZION	B	-0.56%
UBSI	B	-0.56%
FNB	A	-0.56%
FHN	A	-0.56%
WBS	A	-0.56%
PB	B	-0.55%
HBAN	A	-0.55%
JXN	C	-0.55%
CMA	B	-0.55%
PVH	C	-0.55%
ABG	C	-0.55%
CADE	B	-0.55%
RF	A	-0.54%
LNC	C	-0.54%
WHR	B	-0.54%
OKE	A	-0.54%
VTRS	A	-0.54%
CFG	B	-0.54%
AL	B	-0.54%
LAD	A	-0.54%
PCAR	B	-0.54%
HPE	B	-0.54%
C	A	-0.53%
GM	C	-0.53%
INTC	C	-0.53%
OZK	B	-0.53%
TAP	C	-0.53%
BEN	C	-0.52%
HPQ	B	-0.52%
NOV	C	-0.52%
ALLY	C	-0.52%
BCC	B	-0.51%
AM	A	-0.51%
QGEN	D	-0.5%
BWA	D	-0.5%
HST	C	-0.5%
CHE	D	-0.5%
RDN	D	-0.49%
X	B	-0.49%
CIVI	D	-0.49%
SLG	B	-0.49%
GAP	C	-0.49%
SOLV	D	-0.48%
MOS	F	-0.48%
M	F	-0.48%
SNX	D	-0.48%
NXST	C	-0.48%
CNC	D	-0.48%
TDG	D	-0.48%
CHRD	D	-0.48%
AVT	C	-0.48%
SON	F	-0.47%
WBA	F	-0.47%
BBY	D	-0.47%
KRC	B	-0.47%
STWD	C	-0.47%
AGNC	C	-0.47%
CRBG	B	-0.47%
DINO	D	-0.47%
BG	D	-0.47%
VICI	C	-0.46%
RPRX	D	-0.46%
UGI	C	-0.46%
LYB	F	-0.46%
RNR	C	-0.46%
CNH	C	-0.45%
LEA	F	-0.45%
HOG	D	-0.45%
EMN	C	-0.45%
CAG	F	-0.45%
FMC	D	-0.44%
OGN	F	-0.44%
SWKS	F	-0.44%
ADM	D	-0.44%
WU	F	-0.44%
HII	F	-0.44%
ARW	D	-0.43%
DOW	F	-0.42%
CE	F	-0.29%
CACI	D	-0.22%
LDOS	C	-0.13%
COST	A	-0.11%
SNA	A	-0.1%
AFL	B	-0.1%
ATR	B	-0.09%
AME	A	-0.09%
ORI	A	-0.09%
CAH	B	-0.08%
INGR	C	-0.08%
PNW	A	-0.08%
FE	C	-0.07%
CTLT	C	-0.07%
WELL	A	-0.07%
ECL	D	-0.07%