USMV vs. FFLG ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Fidelity Fundamental Large Cap Growth ETF (FFLG)

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

FFLG

Fidelity Fundamental Large Cap Growth ETF

FFLG Description

FFLG seeks to achieve long-term capital growth by investing in large-cap companies believed to have above-average growth potential. The adviser generally defines large-caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Growth is measured based on factors such as earnings or revenue. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The fund invests in both US and non-US companies. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity Growth Opportunities ETF under the ticker FGRO. The fund previously used a semitransparent ETF structure

Grade (RS Rating)

Last Trade

$25.03

Average Daily Volume

30,102

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USMV	FFLG
30 Days	1.70%	2.46%
60 Days	2.42%	5.66%
90 Days	4.02%	6.27%
12 Months	25.63%	40.11%

24 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in FFLG	Overlap
AAPL	C	0.99%	12.07%	0.99%
ALNY	D	0.22%	0.71%	0.22%
AMZN	C	0.14%	7.12%	0.14%
AVGO	D	1.19%	0.3%	0.3%
CDNS	B	0.18%	0.86%	0.18%
CRM	B	0.05%	0.75%	0.05%
DPZ	C	0.19%	0.33%	0.19%
FSLR	F	0.06%	0.33%	0.06%
GOOG	C	0.16%	2.82%	0.16%
HOLX	D	0.16%	0.12%	0.12%
HUBS	A	0.24%	0.76%	0.24%
ICE	C	0.28%	0.54%	0.28%
KDP	D	0.59%	0.55%	0.55%
LLY	F	1.25%	1.46%	1.25%
MA	C	0.7%	1.95%	0.7%
MSFT	F	1.34%	9.14%	1.34%
NVDA	C	0.67%	12.31%	0.67%
REGN	F	0.59%	0.59%	0.59%
TJX	A	0.45%	0.63%	0.45%
TMUS	B	1.95%	0.88%	0.88%
UBER	D	0.45%	2.21%	0.45%
UNH	C	1.34%	0.62%	0.62%
WMT	A	1.78%	0.49%	0.49%
XOM	B	0.45%	0.53%	0.45%

USMV Overweight 146 Positions Relative to FFLG

Symbol	Grade	Weight
MSI	B	1.81%
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%
VZ	C	1.35%
SO	D	1.35%
MCK	B	1.35%
ORCL	B	1.31%
ROP	B	1.3%
ACN	C	1.29%
AJG	B	1.27%
MCD	D	1.25%
PG	A	1.23%
JNJ	D	1.18%
TRV	B	1.15%
ED	D	1.13%
MMC	B	1.11%
ABBV	D	1.04%
MRK	F	1.01%
PEP	F	1.01%
GDDY	A	1.0%
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%
K	A	0.8%
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%
GIS	D	0.66%
VRSN	F	0.64%
KR	B	0.61%
AMGN	D	0.59%
FICO	B	0.59%
TDY	B	0.57%
BDX	F	0.56%
KEYS	A	0.55%
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%
YUM	B	0.5%
BMY	B	0.49%
XEL	A	0.46%
NEM	D	0.46%
JNPR	F	0.45%
MDLZ	F	0.44%
WDAY	B	0.43%
EG	C	0.43%
ERIE	D	0.42%
VRSK	A	0.42%
CL	D	0.41%
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%
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%
ANET	C	0.29%
L	A	0.28%
HON	B	0.25%
AEE	A	0.24%
ADI	D	0.23%
D	C	0.23%
AZPN	A	0.23%
NTAP	C	0.22%
BMRN	D	0.22%
HRL	D	0.21%
CI	F	0.21%
KMB	D	0.21%
TW	A	0.2%
DTE	C	0.2%
PKG	A	0.2%
PFE	D	0.2%
CRWD	B	0.19%
CMS	C	0.19%
MELI	D	0.18%
MOH	F	0.18%
SNPS	B	0.18%
EOG	A	0.17%
LIN	D	0.16%
STX	D	0.16%
UTHR	C	0.14%
MDT	D	0.13%
DELL	C	0.12%
HIG	B	0.12%
OXY	D	0.12%
DGX	A	0.11%
KO	D	0.1%
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%
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 67 Positions Relative to FFLG

Symbol	Grade	Weight
META	D	-5.34%
GOOGL	C	-2.48%
NFLX	A	-2.02%
TSM	B	-1.96%
BSX	B	-1.72%
LOW	D	-1.57%
NXPI	D	-1.37%
ASML	F	-1.3%
GE	D	-0.9%
MPWR	F	-0.85%
LULU	C	-0.8%
ON	D	-0.76%
MU	D	-0.73%
MRVL	B	-0.7%
FLEX	A	-0.69%
DHR	F	-0.68%
MDB	C	-0.63%
BLD	D	-0.58%
CVNA	B	-0.57%
TMO	F	-0.57%
BLDR	D	-0.57%
SHOP	B	-0.55%
ABNB	C	-0.52%
MNST	C	-0.52%
IR	B	-0.51%
HWM	A	-0.5%
CMG	B	-0.49%
RH	B	-0.48%
EME	C	-0.46%
COIN	C	-0.45%
GEV	B	-0.44%
SNAP	C	-0.44%
PODD	C	-0.42%
NTNX	A	-0.42%
CSGP	D	-0.39%
ROKU	D	-0.38%
FIX	A	-0.37%
BRKR	D	-0.36%
HQY	B	-0.33%
FLYW	C	-0.32%
VMC	B	-0.32%
SQ	B	-0.31%
EXAS	D	-0.3%
NVO	D	-0.28%
ARGX	A	-0.27%
HOOD	B	-0.26%
PM	B	-0.24%
PCVX	D	-0.24%
TEVA	D	-0.24%
DKS	C	-0.23%
ITCI	C	-0.22%
TMDX	F	-0.21%
ATI	D	-0.19%
RRC	B	-0.19%
AZN	D	-0.18%
LYFT	C	-0.18%
IONS	F	-0.16%
NUVL	D	-0.16%
RIVN	F	-0.14%
MRNA	F	-0.13%
SE	B	-0.13%
RDDT	B	-0.12%
ROIV	C	-0.1%
IDYA	F	-0.09%
LEGN	F	-0.07%
TGT	F	-0.07%
W	F	-0.03%