USMV vs. FDMO ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Fidelity Momentum Factor ETF (FDMO)

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

$91.07

Average Daily Volume

2,239,373

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

FDMO

Fidelity Momentum Factor ETF

FDMO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

Grade (RS Rating)

Last Trade

$65.97

Average Daily Volume

41,989

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	USMV	FDMO
30 Days	1.20%	3.55%
60 Days	5.77%	6.04%
90 Days	9.04%	3.73%
12 Months	27.40%	41.77%

45 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in FDMO	Overlap
ABBV	B	1.21%	1.32%	1.21%
AEP	C	0.41%	0.25%	0.25%
AMGN	D	0.7%	1.01%	0.7%
AMZN	C	0.13%	3.69%	0.13%
ANET	C	0.29%	1.44%	0.29%
APH	C	1.34%	1.33%	1.33%
AVGO	C	1.26%	2.64%	1.26%
BRK.A	C	1.51%	2.01%	1.51%
CB	B	1.5%	0.67%	0.67%
CL	C	0.46%	0.39%	0.39%
CRWD	D	0.16%	1.51%	0.16%
DELL	C	0.1%	1.28%	0.1%
DUK	B	1.53%	0.32%	0.32%
ELV	D	0.69%	0.91%	0.69%
FANG	F	0.57%	0.26%	0.26%
GD	C	0.06%	0.5%	0.06%
GDDY	C	0.84%	1.31%	0.84%
HD	B	0.29%	1.19%	0.29%
HIG	B	0.12%	0.51%	0.12%
KO	B	0.11%	0.75%	0.11%
LIN	B	0.18%	0.55%	0.18%
LLY	D	1.58%	2.1%	1.58%
MCK	F	1.06%	0.66%	0.66%
MPC	F	0.56%	0.32%	0.32%
MRK	F	1.21%	1.24%	1.21%
MSFT	C	1.38%	7.28%	1.38%
NVDA	C	0.55%	6.63%	0.55%
PG	C	1.25%	0.99%	0.99%
PGR	C	1.68%	0.78%	0.78%
PKG	B	0.18%	0.17%	0.17%
PSX	F	0.06%	0.31%	0.06%
REGN	D	0.83%	0.93%	0.83%
RSG	D	1.5%	0.44%	0.44%
RTX	B	0.09%	0.66%	0.09%
SO	B	1.38%	0.34%	0.34%
T	B	0.71%	0.53%	0.53%
TJX	C	0.44%	0.69%	0.44%
TMUS	B	1.69%	0.43%	0.43%
UBER	C	0.5%	0.73%	0.5%
V	C	0.78%	1.3%	0.78%
VZ	A	1.44%	0.58%	0.58%
WM	D	1.37%	0.49%	0.49%
WMB	C	0.24%	0.33%	0.24%
WMT	B	1.66%	0.88%	0.88%
XOM	D	0.45%	1.19%	0.45%

USMV Overweight 125 Positions Relative to FDMO

Symbol	Grade	Weight
IBM	B	1.75%
MSI	B	1.67%
NOC	B	1.54%
WCN	D	1.49%
TXN	B	1.42%
CSCO	B	1.35%
UNH	C	1.34%
ROP	C	1.31%
MCD	B	1.29%
JNJ	C	1.26%
ACN	C	1.24%
AJG	D	1.21%
ED	B	1.2%
ORCL	B	1.15%
MMC	C	1.12%
PEP	D	1.1%
TRV	C	1.05%
AAPL	C	0.99%
AZO	B	0.96%
LMT	A	0.9%
GILD	B	0.9%
CBOE	C	0.86%
K	A	0.81%
ACGL	B	0.81%
GIS	B	0.77%
CTSH	B	0.76%
EA	D	0.76%
FCNCA	D	0.74%
WEC	B	0.74%
VRTX	D	0.71%
KDP	B	0.71%
NOW	C	0.68%
TSN	D	0.68%
MA	B	0.66%
VRSN	C	0.66%
ORLY	B	0.64%
COR	F	0.62%
BDX	D	0.6%
NEM	C	0.6%
KR	B	0.59%
FI	B	0.57%
KEYS	B	0.56%
ERIE	B	0.54%
TDY	B	0.53%
FFIV	B	0.52%
CME	B	0.51%
YUM	B	0.51%
MDLZ	C	0.51%
JNPR	A	0.5%
FICO	B	0.5%
PTC	C	0.49%
AON	B	0.49%
INCY	C	0.48%
CDW	D	0.46%
AKAM	D	0.46%
BAH	B	0.45%
EG	B	0.45%
HUM	F	0.45%
KHC	C	0.43%
XEL	B	0.43%
BMY	C	0.43%
WDAY	D	0.41%
VRSK	D	0.4%
CPB	C	0.38%
CMCSA	C	0.38%
CHD	C	0.37%
ROL	C	0.37%
CTVA	B	0.37%
WTW	B	0.35%
HSY	D	0.34%
IT	C	0.34%
AFG	C	0.34%
GEN	A	0.33%
NBIX	F	0.32%
MKL	C	0.32%
CVX	F	0.31%
GLW	B	0.3%
FWONK	C	0.3%
ICE	C	0.29%
AIZ	B	0.29%
WRB	D	0.29%
GRMN	D	0.28%
L	D	0.27%
ADI	C	0.25%
BMRN	F	0.25%
ALNY	C	0.25%
PFE	D	0.24%
AEE	B	0.23%
D	C	0.23%
CI	C	0.23%
HRL	F	0.22%
KMB	C	0.22%
NTAP	D	0.22%
MOH	D	0.22%
AZPN	B	0.22%
HON	C	0.22%
MELI	C	0.2%
CMS	B	0.2%
DTE	A	0.2%
HUBS	D	0.19%
TW	B	0.18%
STX	B	0.18%
DPZ	D	0.18%
HOLX	D	0.17%
SNPS	F	0.17%
CDNS	D	0.16%
EOG	D	0.16%
GOOG	D	0.15%
UTHR	B	0.14%
MDT	B	0.14%
OXY	F	0.13%
LNT	A	0.1%
DGX	B	0.1%
ABT	C	0.09%
FSLR	C	0.08%
ADP	C	0.08%
TEL	D	0.07%
KNX	C	0.06%
OTIS	B	0.06%
VLO	F	0.05%
CVS	D	0.05%
BR	C	0.05%
ULTA	D	0.05%
ATO	B	0.05%
CRM	C	0.04%

USMV Underweight 78 Positions Relative to FDMO

Symbol	Grade	Weight
GOOGL	D	-3.48%
META	B	-2.54%
APP	C	-1.89%
JPM	D	-1.56%
AMAT	D	-1.43%
KLAC	D	-1.34%
MU	D	-1.17%
ISRG	C	-1.05%
COST	C	-1.0%
BSX	B	-0.97%
BAC	D	-0.96%
NTRA	C	-0.85%
NFLX	B	-0.81%
THC	C	-0.79%
WFC	D	-0.78%
SMCI	F	-0.77%
GE	C	-0.77%
AXP	B	-0.75%
CAT	B	-0.74%
GS	B	-0.73%
BKNG	B	-0.72%
C	C	-0.65%
KKR	B	-0.64%
ETN	C	-0.64%
CMG	D	-0.61%
PM	C	-0.58%
HLT	B	-0.57%
TT	B	-0.57%
ALL	C	-0.55%
CVNA	B	-0.53%
TDG	B	-0.53%
WING	C	-0.51%
CTAS	C	-0.51%
HOOD	C	-0.5%
VRT	C	-0.5%
NEE	B	-0.48%
WSM	C	-0.48%
JXN	B	-0.47%
DECK	C	-0.47%
EME	B	-0.46%
WAB	B	-0.46%
FIX	B	-0.44%
ANF	D	-0.43%
LDOS	A	-0.42%
CSL	B	-0.42%
COIN	F	-0.39%
OKE	C	-0.35%
AMT	C	-0.33%
TRGP	C	-0.31%
SHW	B	-0.3%
CEG	C	-0.3%
WELL	C	-0.28%
EQIX	B	-0.28%
FRPT	C	-0.27%
SFM	B	-0.26%
ECL	B	-0.25%
FCX	C	-0.25%
PSA	C	-0.25%
SPG	B	-0.24%
PEG	B	-0.24%
VST	B	-0.24%
CASY	D	-0.24%
FTI	D	-0.22%
DLR	B	-0.22%
EXR	C	-0.21%
WFRD	F	-0.2%
NRG	B	-0.2%
IRM	C	-0.19%
AVB	C	-0.19%
IFF	A	-0.18%
MLM	D	-0.18%
ELF	F	-0.17%
ESS	C	-0.17%
LAMR	B	-0.16%
STLD	C	-0.15%
AVY	C	-0.15%
SLG	C	-0.14%
CRS	C	-0.14%