USMV vs. CFA ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Compass EMP US 500 Volatility Weighted Index ETF (CFA)

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

CFA

Compass EMP US 500 Volatility Weighted Index ETF

CFA Description

The investment seeks to provide investment results that match the performance of the CEMP U.S. Large Cap 500 Volatility Weighted Index before fees and expenses. The index is an unmanaged index that was created by the fund's investment advisor and generally consists of the common stock of the 500 largest companies by market capitalization that have their headquarters in the U.S. and the stock of which trades on U.S. exchanges. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in securities of U.S. issuers included in the index as of its most recent reconstitution.

Grade (RS Rating)

Last Trade

$90.25

Average Daily Volume

9,545

Number of Holdings ^*

495

* may have additional holdings in another (foreign) market

Performance

Period	USMV	CFA
30 Days	1.70%	4.63%
60 Days	2.42%	5.67%
90 Days	4.02%	8.16%
12 Months	25.63%	29.52%

152 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in CFA	Overlap
AAPL	C	0.99%	0.2%	0.2%
ABBV	D	1.04%	0.2%	0.2%
ABT	B	0.09%	0.27%	0.09%
ACGL	D	0.68%	0.2%	0.2%
ACN	C	1.29%	0.2%	0.2%
ADI	D	0.23%	0.13%	0.13%
ADP	B	0.09%	0.35%	0.09%
AEE	A	0.24%	0.26%	0.24%
AEP	D	0.39%	0.23%	0.23%
AFG	A	0.35%	0.26%	0.26%
AJG	B	1.27%	0.25%	0.25%
AKAM	D	0.39%	0.15%	0.15%
AMGN	D	0.59%	0.15%	0.15%
AMZN	C	0.14%	0.2%	0.14%
ANET	C	0.29%	0.12%	0.12%
AON	A	0.53%	0.23%	0.23%
APH	A	1.44%	0.2%	0.2%
ATO	A	0.06%	0.35%	0.06%
AVGO	D	1.19%	0.1%	0.1%
AZO	C	0.98%	0.22%	0.22%
BAH	F	0.39%	0.15%	0.15%
BDX	F	0.56%	0.24%	0.24%
BMRN	D	0.22%	0.12%	0.12%
BR	A	0.05%	0.26%	0.05%
BRK.A	B	1.55%	0.35%	0.35%
CB	C	1.47%	0.28%	0.28%
CBOE	B	0.85%	0.23%	0.23%
CDNS	B	0.18%	0.16%	0.16%
CDW	F	0.35%	0.15%	0.15%
CHD	B	0.4%	0.32%	0.32%
CI	F	0.21%	0.22%	0.21%
CL	D	0.41%	0.29%	0.29%
CMCSA	B	0.39%	0.24%	0.24%
CME	A	0.53%	0.28%	0.28%
CMS	C	0.19%	0.27%	0.19%
COR	B	0.67%	0.28%	0.28%
CPB	D	0.33%	0.2%	0.2%
CRM	B	0.05%	0.17%	0.05%
CRWD	B	0.19%	0.12%	0.12%
CSCO	B	1.47%	0.29%	0.29%
CTSH	B	0.76%	0.23%	0.23%
CTVA	C	0.38%	0.15%	0.15%
CVS	D	0.04%	0.14%	0.04%
CVX	A	0.34%	0.27%	0.27%
D	C	0.23%	0.21%	0.21%
DELL	C	0.12%	0.09%	0.09%
DGX	A	0.11%	0.24%	0.11%
DPZ	C	0.19%	0.17%	0.17%
DTE	C	0.2%	0.24%	0.2%
DUK	C	1.49%	0.3%	0.3%
EA	A	0.89%	0.29%	0.29%
ED	D	1.13%	0.26%	0.26%
EG	C	0.43%	0.19%	0.19%
ELV	F	0.52%	0.17%	0.17%
EOG	A	0.17%	0.23%	0.17%
ERIE	D	0.42%	0.15%	0.15%
FANG	D	0.55%	0.17%	0.17%
FCNCA	A	0.88%	0.17%	0.17%
FFIV	B	0.55%	0.21%	0.21%
FI	A	0.69%	0.34%	0.34%
FICO	B	0.59%	0.2%	0.2%
FSLR	F	0.06%	0.08%	0.06%
GD	F	0.05%	0.29%	0.05%
GDDY	A	1.0%	0.24%	0.24%
GEN	B	0.35%	0.17%	0.17%
GILD	C	0.94%	0.21%	0.21%
GIS	D	0.66%	0.21%	0.21%
GLW	B	0.31%	0.19%	0.19%
GRMN	B	0.33%	0.21%	0.21%
HD	A	0.3%	0.25%	0.25%
HIG	B	0.12%	0.25%	0.12%
HOLX	D	0.16%	0.29%	0.16%
HON	B	0.25%	0.33%	0.25%
HRL	D	0.21%	0.15%	0.15%
HSY	F	0.3%	0.19%	0.19%
HUM	C	0.4%	0.1%	0.1%
IBM	C	1.66%	0.21%	0.21%
ICE	C	0.28%	0.3%	0.28%
INCY	C	0.53%	0.22%	0.22%
IT	C	0.35%	0.21%	0.21%
JNJ	D	1.18%	0.28%	0.28%
KDP	D	0.59%	0.24%	0.24%
KEYS	A	0.55%	0.14%	0.14%
KHC	F	0.38%	0.2%	0.2%
KMB	D	0.21%	0.23%	0.21%
KO	D	0.1%	0.33%	0.1%
KR	B	0.61%	0.24%	0.24%
L	A	0.28%	0.33%	0.28%
LIN	D	0.16%	0.3%	0.16%
LLY	F	1.25%	0.12%	0.12%
LMT	D	0.82%	0.3%	0.3%
LNT	A	0.1%	0.27%	0.1%
MA	C	0.7%	0.32%	0.32%
MCD	D	1.25%	0.26%	0.26%
MCK	B	1.35%	0.24%	0.24%
MDLZ	F	0.44%	0.24%	0.24%
MDT	D	0.13%	0.25%	0.13%
MKL	A	0.34%	0.25%	0.25%
MMC	B	1.11%	0.3%	0.3%
MOH	F	0.18%	0.13%	0.13%
MPC	D	0.54%	0.15%	0.15%
MRK	F	1.01%	0.18%	0.18%
MSFT	F	1.34%	0.24%	0.24%
MSI	B	1.81%	0.31%	0.31%
NBIX	C	0.32%	0.12%	0.12%
NOC	D	1.43%	0.23%	0.23%
NOW	A	0.75%	0.15%	0.15%
NTAP	C	0.22%	0.14%	0.14%
NVDA	C	0.67%	0.1%	0.1%
ORCL	B	1.31%	0.2%	0.2%
ORLY	B	0.68%	0.26%	0.26%
OTIS	C	0.07%	0.28%	0.07%
OXY	D	0.12%	0.2%	0.12%
PEP	F	1.01%	0.25%	0.25%
PG	A	1.23%	0.31%	0.31%
PGR	A	1.67%	0.23%	0.23%
PKG	A	0.2%	0.29%	0.2%
PSX	C	0.06%	0.18%	0.06%
PTC	A	0.52%	0.24%	0.24%
REGN	F	0.59%	0.18%	0.18%
ROL	B	0.36%	0.22%	0.22%
ROP	B	1.3%	0.26%	0.26%
RSG	A	1.55%	0.34%	0.34%
RTX	C	0.09%	0.26%	0.09%
SNPS	B	0.18%	0.14%	0.14%
SO	D	1.35%	0.28%	0.28%
STX	D	0.16%	0.15%	0.15%
T	A	0.74%	0.28%	0.28%
TDY	B	0.57%	0.22%	0.22%
TJX	A	0.45%	0.27%	0.27%
TMUS	B	1.95%	0.42%	0.42%
TRV	B	1.15%	0.25%	0.25%
TW	A	0.2%	0.24%	0.2%
TXN	C	1.39%	0.17%	0.17%
UBER	D	0.45%	0.12%	0.12%
ULTA	F	0.04%	0.14%	0.04%
UNH	C	1.34%	0.19%	0.19%
UTHR	C	0.14%	0.16%	0.14%
V	A	0.9%	0.35%	0.35%
VLO	C	0.05%	0.16%	0.05%
VRSK	A	0.42%	0.24%	0.24%
VRSN	F	0.64%	0.25%	0.25%
VZ	C	1.35%	0.23%	0.23%
WDAY	B	0.43%	0.14%	0.14%
WEC	A	0.78%	0.26%	0.26%
WM	A	1.44%	0.27%	0.27%
WMB	A	0.31%	0.33%	0.31%
WMT	A	1.78%	0.29%	0.29%
WRB	A	0.31%	0.22%	0.22%
XEL	A	0.46%	0.23%	0.23%
XOM	B	0.45%	0.26%	0.26%
YUM	B	0.5%	0.29%	0.29%

USMV Overweight 18 Positions Relative to CFA

Symbol	Grade	Weight
WCN	A	1.56%
K	A	0.8%
TSN	B	0.71%
VRTX	F	0.69%
BMY	B	0.49%
NEM	D	0.46%
JNPR	F	0.45%
WTW	B	0.38%
AIZ	A	0.32%
FWONK	B	0.31%
HUBS	A	0.24%
AZPN	A	0.23%
ALNY	D	0.22%
PFE	D	0.2%
MELI	D	0.18%
GOOG	C	0.16%
TEL	B	0.07%
KNX	B	0.06%

USMV Underweight 343 Positions Relative to CFA

Symbol	Grade	Weight
KMI	A	-0.37%
ITW	B	-0.33%
OKE	A	-0.32%
NI	A	-0.32%
TRGP	B	-0.32%
ETR	B	-0.32%
AMP	A	-0.32%
PM	B	-0.31%
PPL	B	-0.31%
BK	A	-0.31%
SRE	A	-0.3%
RJF	A	-0.3%
PEG	A	-0.3%
LNG	B	-0.3%
BSX	B	-0.3%
EVRG	A	-0.29%
SPGI	C	-0.29%
BLK	C	-0.29%
HLT	A	-0.29%
LHX	C	-0.28%
CSX	B	-0.28%
IBKR	A	-0.28%
CPRT	A	-0.27%
PAYX	C	-0.27%
MO	A	-0.27%
PCG	A	-0.27%
FE	C	-0.27%
GGG	B	-0.27%
GWW	B	-0.27%
MAR	B	-0.27%
IEX	B	-0.27%
PPG	F	-0.26%
RPM	A	-0.26%
PFG	D	-0.26%
MS	A	-0.26%
MET	A	-0.26%
WAB	B	-0.26%
SNA	A	-0.26%
NDAQ	A	-0.26%
BRO	B	-0.26%
CW	B	-0.26%
LDOS	C	-0.26%
CTAS	B	-0.26%
JPM	A	-0.26%
SYK	C	-0.26%
FAST	B	-0.26%
DOV	A	-0.25%
FDS	B	-0.25%
UNP	C	-0.25%
APP	B	-0.25%
SCI	B	-0.25%
FOXA	B	-0.25%
AVY	D	-0.25%
CINF	A	-0.25%
AME	A	-0.25%
SSNC	B	-0.25%
JKHY	D	-0.25%
CNP	B	-0.25%
BAC	A	-0.24%
HEI	B	-0.24%
COST	B	-0.24%
ALL	A	-0.24%
WFC	A	-0.24%
COP	C	-0.24%
NTRS	A	-0.24%
JEF	A	-0.24%
STZ	D	-0.24%
EIX	B	-0.24%
STT	A	-0.24%
ZBH	C	-0.24%
GS	A	-0.24%
LYV	A	-0.23%
EMR	A	-0.23%
CTRA	B	-0.23%
MCO	B	-0.23%
AXP	A	-0.23%
CMI	A	-0.23%
TXRH	C	-0.23%
SHW	A	-0.23%
ECL	D	-0.23%
TT	A	-0.23%
AFL	B	-0.23%
EQH	B	-0.23%
CAH	B	-0.23%
CLX	B	-0.23%
J	F	-0.23%
BKR	B	-0.23%
DRI	B	-0.23%
COF	B	-0.23%
VMC	B	-0.23%
SYY	B	-0.23%
AIG	B	-0.23%
TAP	C	-0.23%
ACM	A	-0.23%
TRMB	B	-0.23%
MORN	B	-0.23%
MNST	C	-0.23%
EMN	D	-0.22%
LYB	F	-0.22%
AXON	A	-0.22%
LH	C	-0.22%
DIS	B	-0.22%
RNR	C	-0.22%
ROST	C	-0.22%
EXC	C	-0.22%
SCHW	B	-0.22%
RGA	A	-0.22%
UAL	A	-0.22%
USFD	A	-0.22%
AWK	D	-0.22%
LOW	D	-0.22%
PCAR	B	-0.22%
MTB	A	-0.22%
BKNG	A	-0.22%
DAL	C	-0.22%
NWSA	B	-0.22%
APO	B	-0.22%
PRU	A	-0.22%
OMC	C	-0.22%
MLM	B	-0.22%
TROW	B	-0.22%
EXPD	D	-0.22%
FIS	C	-0.22%
NDSN	B	-0.21%
ALLE	D	-0.21%
CPAY	A	-0.21%
LPLA	A	-0.21%
XYL	D	-0.21%
EWBC	A	-0.21%
C	A	-0.21%
JCI	C	-0.21%
HBAN	A	-0.21%
DE	A	-0.21%
PFGC	B	-0.21%
LVS	C	-0.21%
FTV	C	-0.21%
PNC	B	-0.21%
EQT	B	-0.2%
RF	A	-0.2%
STE	F	-0.2%
TYL	B	-0.2%
EME	C	-0.2%
STLD	B	-0.2%
TDG	D	-0.2%
IR	B	-0.2%
FNF	B	-0.2%
TSCO	D	-0.2%
ADSK	A	-0.2%
OWL	A	-0.2%
BX	A	-0.2%
VLTO	D	-0.2%
CAT	B	-0.2%
ARES	A	-0.2%
SJM	D	-0.2%
EBAY	D	-0.2%
PH	A	-0.2%
DOW	F	-0.2%
ITT	A	-0.2%
SYF	B	-0.2%
TPL	A	-0.19%
GOOGL	C	-0.19%
IP	B	-0.19%
TMO	F	-0.19%
GM	B	-0.19%
CSL	C	-0.19%
CAG	D	-0.19%
ISRG	A	-0.19%
APD	A	-0.19%
NVR	D	-0.19%
WSO	A	-0.19%
TXT	D	-0.19%
WMG	C	-0.19%
RCL	A	-0.19%
IPG	D	-0.19%
CLH	B	-0.19%
RS	B	-0.19%
FITB	A	-0.19%
CBRE	B	-0.19%
USB	A	-0.19%
NFLX	A	-0.19%
ETN	A	-0.19%
LII	A	-0.18%
HUBB	B	-0.18%
DVA	B	-0.18%
UPS	C	-0.18%
CASY	A	-0.18%
DHR	F	-0.18%
OVV	B	-0.18%
SLB	C	-0.18%
OC	A	-0.18%
KVUE	A	-0.18%
HAL	C	-0.18%
KKR	A	-0.18%
CF	B	-0.18%
MKC	D	-0.18%
NSC	B	-0.18%
RYAN	B	-0.18%
INTU	C	-0.18%
H	B	-0.18%
JBHT	C	-0.18%
ODFL	B	-0.17%
GE	D	-0.17%
TTEK	F	-0.17%
CFG	B	-0.17%
DD	D	-0.17%
NEE	D	-0.17%
CRBG	B	-0.17%
DOCU	A	-0.17%
ZTS	D	-0.17%
CMG	B	-0.17%
ZM	B	-0.17%
HCA	F	-0.17%
PWR	A	-0.17%
NUE	C	-0.17%
AOS	F	-0.17%
MAS	D	-0.17%
BG	F	-0.17%
PR	B	-0.17%
GPC	D	-0.17%
DVN	F	-0.17%
GPN	B	-0.17%
PAG	B	-0.17%
IDXX	F	-0.16%
PYPL	B	-0.16%
ABNB	C	-0.16%
A	D	-0.16%
VEEV	C	-0.16%
MSCI	C	-0.16%
KEY	B	-0.16%
CSGP	D	-0.16%
HWM	A	-0.16%
VST	B	-0.16%
WAT	B	-0.16%
CARR	D	-0.16%
HII	D	-0.15%
GEV	B	-0.15%
CHRW	C	-0.15%
WLK	D	-0.15%
PHM	D	-0.15%
HPE	B	-0.15%
PODD	C	-0.15%
ZBRA	B	-0.15%
EXPE	B	-0.15%
GEHC	F	-0.15%
PLTR	B	-0.15%
TGT	F	-0.15%
UHS	D	-0.15%
JLL	D	-0.15%
FDX	B	-0.15%
MANH	D	-0.15%
POOL	C	-0.15%
NRG	B	-0.15%
HPQ	B	-0.15%
DT	C	-0.15%
TFX	F	-0.14%
FTNT	C	-0.14%
CNC	D	-0.14%
LEN	D	-0.14%
FIX	A	-0.14%
CPNG	D	-0.14%
DDOG	A	-0.14%
MGM	D	-0.14%
BSY	D	-0.14%
URI	B	-0.14%
RVTY	F	-0.14%
XPO	B	-0.14%
ROK	B	-0.14%
UHAL	D	-0.14%
HOOD	B	-0.14%
WST	C	-0.13%
VRT	B	-0.13%
META	D	-0.13%
SOLV	C	-0.13%
EFX	F	-0.13%
BURL	A	-0.13%
CHTR	C	-0.13%
TSLA	B	-0.13%
FCX	D	-0.13%
THC	D	-0.13%
DECK	A	-0.13%
LUV	C	-0.13%
TOL	B	-0.13%
SQ	B	-0.13%
BIIB	F	-0.13%
JBL	B	-0.13%
ALGN	D	-0.12%
DHI	D	-0.12%
NKE	D	-0.12%
TTD	B	-0.12%
IQV	D	-0.12%
BBY	D	-0.12%
CEG	D	-0.12%
SBUX	A	-0.12%
EPAM	C	-0.12%
ALLY	C	-0.12%
KMX	B	-0.12%
F	C	-0.12%
MMM	D	-0.12%
COKE	C	-0.12%
PANW	C	-0.11%
COIN	C	-0.11%
WMS	D	-0.11%
FND	C	-0.11%
ADM	D	-0.11%
WING	D	-0.11%
QCOM	F	-0.11%
MTD	D	-0.11%
AVTR	F	-0.11%
RMD	C	-0.11%
TECH	D	-0.11%
NXPI	D	-0.11%
ADBE	C	-0.11%
LRCX	F	-0.1%
SWKS	F	-0.1%
DKS	C	-0.1%
AMAT	F	-0.1%
ENTG	D	-0.1%
BLD	D	-0.1%
WSM	B	-0.1%
KNSL	B	-0.1%
PINS	D	-0.1%
INTC	D	-0.1%
EW	C	-0.1%
CE	F	-0.1%
MCHP	D	-0.1%
AES	F	-0.1%
BLDR	D	-0.1%
EL	F	-0.09%
KLAC	D	-0.09%
CVNA	B	-0.09%
PSTG	D	-0.09%
DG	F	-0.09%
AMD	F	-0.09%
APTV	D	-0.09%
TER	D	-0.08%
CHWY	B	-0.08%
ON	D	-0.08%
DXCM	D	-0.08%
SRPT	D	-0.07%
MPWR	F	-0.06%
RKT	F	-0.06%
ENPH	F	-0.04%
SMCI	F	-0.02%