USMV vs. EQUL ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to IQ Engender Equality ETF (EQUL)

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

EQUL

IQ Engender Equality ETF

EQUL Description

The EQUL IQ Engender Equality ETF tracks the Solactive Equileap U.S. Gender Equality Index, which is designed to deliver exposure to global companies that promote gender equality and are committed to women’s empowerment through equal compensation and gender balance in leadership and the workforce.

Grade (RS Rating)

Last Trade

$27.12

Average Daily Volume

225

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USMV	EQUL
30 Days	1.70%	-0.45%
60 Days	2.42%	1.12%
90 Days	4.02%	4.86%
12 Months	25.63%	26.72%

25 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in EQUL	Overlap
ACN	C	1.29%	1.33%	1.29%
AMGN	D	0.59%	1.15%	0.59%
BMRN	D	0.22%	1.22%	0.22%
BMY	B	0.49%	1.52%	0.49%
CL	D	0.41%	1.12%	0.41%
CRM	B	0.05%	1.68%	0.05%
GIS	D	0.66%	1.12%	0.66%
HSY	F	0.3%	1.16%	0.3%
JNJ	D	1.18%	1.18%	1.18%
K	A	0.8%	1.3%	0.8%
KEYS	A	0.55%	1.34%	0.55%
KMB	D	0.21%	1.19%	0.21%
KO	D	0.1%	1.12%	0.1%
MA	C	0.7%	1.36%	0.7%
MCD	D	1.25%	1.31%	1.25%
MDLZ	F	0.44%	1.12%	0.44%
MRK	F	1.01%	1.08%	1.01%
NBIX	C	0.32%	1.3%	0.32%
NEM	D	0.46%	0.99%	0.46%
PEP	F	1.01%	1.21%	1.01%
PG	A	1.23%	1.22%	1.22%
UBER	D	0.45%	1.29%	0.45%
VRSK	A	0.42%	1.38%	0.42%
VZ	C	1.35%	1.18%	1.18%
YUM	B	0.5%	1.32%	0.5%

USMV Overweight 145 Positions Relative to EQUL

Symbol	Grade	Weight
TMUS	B	1.95%
MSI	B	1.81%
WMT	A	1.78%
PGR	A	1.67%
IBM	C	1.66%
WCN	A	1.56%
RSG	A	1.55%
BRK.A	B	1.55%
DUK	C	1.49%
CSCO	B	1.47%
CB	C	1.47%
APH	A	1.44%
WM	A	1.44%
NOC	D	1.43%
TXN	C	1.39%
SO	D	1.35%
MCK	B	1.35%
MSFT	F	1.34%
UNH	C	1.34%
ORCL	B	1.31%
ROP	B	1.3%
AJG	B	1.27%
LLY	F	1.25%
AVGO	D	1.19%
TRV	B	1.15%
ED	D	1.13%
MMC	B	1.11%
ABBV	D	1.04%
GDDY	A	1.0%
AAPL	C	0.99%
AZO	C	0.98%
GILD	C	0.94%
V	A	0.9%
EA	A	0.89%
FCNCA	A	0.88%
CBOE	B	0.85%
LMT	D	0.82%
WEC	A	0.78%
CTSH	B	0.76%
NOW	A	0.75%
T	A	0.74%
TSN	B	0.71%
VRTX	F	0.69%
FI	A	0.69%
ORLY	B	0.68%
ACGL	D	0.68%
COR	B	0.67%
NVDA	C	0.67%
VRSN	F	0.64%
KR	B	0.61%
FICO	B	0.59%
REGN	F	0.59%
KDP	D	0.59%
TDY	B	0.57%
BDX	F	0.56%
FANG	D	0.55%
FFIV	B	0.55%
MPC	D	0.54%
INCY	C	0.53%
AON	A	0.53%
CME	A	0.53%
PTC	A	0.52%
ELV	F	0.52%
XEL	A	0.46%
JNPR	F	0.45%
TJX	A	0.45%
XOM	B	0.45%
WDAY	B	0.43%
EG	C	0.43%
ERIE	D	0.42%
CHD	B	0.4%
HUM	C	0.4%
BAH	F	0.39%
CMCSA	B	0.39%
AEP	D	0.39%
AKAM	D	0.39%
KHC	F	0.38%
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%
CVX	A	0.34%
MKL	A	0.34%
GRMN	B	0.33%
CPB	D	0.33%
AIZ	A	0.32%
WMB	A	0.31%
WRB	A	0.31%
GLW	B	0.31%
FWONK	B	0.31%
HD	A	0.3%
ANET	C	0.29%
ICE	C	0.28%
L	A	0.28%
HON	B	0.25%
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%
HRL	D	0.21%
CI	F	0.21%
TW	A	0.2%
DTE	C	0.2%
PKG	A	0.2%
PFE	D	0.2%
DPZ	C	0.19%
CRWD	B	0.19%
CMS	C	0.19%
CDNS	B	0.18%
MELI	D	0.18%
MOH	F	0.18%
SNPS	B	0.18%
EOG	A	0.17%
HOLX	D	0.16%
LIN	D	0.16%
STX	D	0.16%
GOOG	C	0.16%
UTHR	C	0.14%
AMZN	C	0.14%
MDT	D	0.13%
DELL	C	0.12%
HIG	B	0.12%
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%
PSX	C	0.06%
FSLR	F	0.06%
KNX	B	0.06%
VLO	C	0.05%
BR	A	0.05%
GD	F	0.05%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 50 Positions Relative to EQUL

Symbol	Grade	Weight
LYFT	C	-1.99%
WFC	A	-1.75%
DASH	A	-1.72%
GM	B	-1.59%
GS	A	-1.58%
CMI	A	-1.57%
PYPL	B	-1.57%
MAR	B	-1.57%
AFRM	B	-1.56%
AA	B	-1.55%
Z	A	-1.54%
C	A	-1.52%
BAC	A	-1.52%
GLOB	B	-1.51%
JPM	A	-1.51%
BLK	C	-1.51%
HLT	A	-1.49%
ADSK	A	-1.49%
ALB	C	-1.48%
VFC	C	-1.45%
ILMN	D	-1.43%
META	D	-1.41%
INTU	C	-1.41%
PARA	C	-1.41%
MET	A	-1.39%
SCI	B	-1.36%
BSX	B	-1.36%
WELL	A	-1.35%
F	C	-1.33%
MCO	B	-1.29%
NYT	C	-1.29%
CLX	B	-1.29%
WBA	F	-1.27%
ECL	D	-1.27%
VTR	C	-1.27%
CRL	C	-1.26%
SPGI	C	-1.26%
ETSY	D	-1.23%
IPG	D	-1.21%
SJM	D	-1.19%
XYL	D	-1.19%
WEX	D	-1.18%
HAS	D	-1.17%
DOW	F	-1.14%
IFF	D	-1.12%
HALO	F	-1.11%
BIIB	F	-1.07%
COTY	F	-1.06%
CNC	D	-0.99%
OGN	D	-0.95%