USMV vs. FMAG ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Fidelity Magellan ETF (FMAG)

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

FMAG

Fidelity Magellan ETF

FMAG Description

The investment seeks long-term growth of capital. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. Instead, the fund publishes each business day on its website a Tracking Basket, which is designed to closely track the daily performance of the fund but is not the fund's actual portfolio. The fund normally invests primarily in equity securities. It invests in domestic and foreign issuers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.44

Average Daily Volume

62,574

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USMV	FMAG
30 Days	0.94%	1.22%
60 Days	2.29%	3.24%
90 Days	3.46%	5.10%
12 Months	24.96%	35.59%

24 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in FMAG	Overlap
AJG	A	1.27%	1.25%	1.25%
AMZN	C	0.14%	4.55%	0.14%
ANET	C	0.29%	1.36%	0.29%
APH	A	1.44%	1.18%	1.18%
AVGO	D	1.19%	3.01%	1.19%
AZO	C	0.98%	1.16%	0.98%
CDNS	B	0.18%	1.17%	0.18%
COR	B	0.67%	0.86%	0.67%
GOOG	C	0.16%	1.6%	0.16%
IT	C	0.35%	1.15%	0.35%
LIN	C	0.16%	1.55%	0.16%
LLY	F	1.25%	2.51%	1.25%
MA	B	0.7%	2.07%	0.7%
MMC	B	1.11%	1.3%	1.11%
MSFT	D	1.34%	7.8%	1.34%
MSI	B	1.81%	1.24%	1.24%
NVDA	B	0.67%	7.21%	0.67%
ORCL	A	1.31%	1.8%	1.31%
ORLY	B	0.68%	1.17%	0.68%
SNPS	B	0.18%	1.19%	0.18%
UNH	B	1.34%	2.31%	1.34%
V	A	0.9%	2.06%	0.9%
VRSK	A	0.42%	1.09%	0.42%
WCN	A	1.56%	1.03%	1.03%

USMV Overweight 146 Positions Relative to FMAG

Symbol	Grade	Weight
TMUS	B	1.95%
WMT	A	1.78%
PGR	A	1.67%
IBM	C	1.66%
RSG	A	1.55%
BRK.A	B	1.55%
DUK	C	1.49%
CSCO	B	1.47%
CB	C	1.47%
WM	B	1.44%
NOC	D	1.43%
TXN	C	1.39%
VZ	C	1.35%
SO	C	1.35%
MCK	A	1.35%
ROP	B	1.3%
ACN	B	1.29%
MCD	D	1.25%
PG	C	1.23%
JNJ	C	1.18%
TRV	B	1.15%
ED	C	1.13%
ABBV	F	1.04%
MRK	D	1.01%
PEP	F	1.01%
GDDY	A	1.0%
AAPL	C	0.99%
GILD	C	0.94%
EA	A	0.89%
FCNCA	A	0.88%
CBOE	C	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	D	0.69%
FI	A	0.69%
ACGL	C	0.68%
GIS	D	0.66%
VRSN	C	0.64%
KR	B	0.61%
AMGN	F	0.59%
FICO	B	0.59%
REGN	F	0.59%
KDP	F	0.59%
TDY	B	0.57%
BDX	F	0.56%
KEYS	A	0.55%
FANG	C	0.55%
FFIV	B	0.55%
MPC	D	0.54%
INCY	C	0.53%
AON	A	0.53%
CME	B	0.53%
PTC	B	0.52%
ELV	F	0.52%
YUM	D	0.5%
BMY	B	0.49%
XEL	A	0.46%
NEM	D	0.46%
UBER	F	0.45%
JNPR	D	0.45%
TJX	A	0.45%
XOM	B	0.45%
MDLZ	F	0.44%
WDAY	B	0.43%
EG	C	0.43%
ERIE	D	0.42%
CL	D	0.41%
CHD	A	0.4%
HUM	C	0.4%
BAH	F	0.39%
CMCSA	B	0.39%
AEP	C	0.39%
AKAM	D	0.39%
KHC	F	0.38%
WTW	B	0.38%
CTVA	C	0.38%
ROL	B	0.36%
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	A	0.31%
HSY	F	0.3%
HD	B	0.3%
ICE	C	0.28%
L	A	0.28%
HON	C	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%
BMRN	F	0.22%
HRL	D	0.21%
CI	D	0.21%
KMB	C	0.21%
TW	A	0.2%
DTE	C	0.2%
PKG	A	0.2%
PFE	F	0.2%
DPZ	C	0.19%
CRWD	B	0.19%
CMS	C	0.19%
MELI	C	0.18%
MOH	F	0.18%
EOG	A	0.17%
HOLX	D	0.16%
STX	C	0.16%
UTHR	C	0.14%
MDT	D	0.13%
DELL	B	0.12%
HIG	B	0.12%
OXY	D	0.12%
DGX	A	0.11%
KO	D	0.1%
LNT	A	0.1%
RTX	D	0.09%
ADP	A	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	C	0.06%
VLO	C	0.05%
BR	A	0.05%
CRM	B	0.05%
GD	D	0.05%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 33 Positions Relative to FMAG

Symbol	Grade	Weight
META	D	-3.88%
GOOGL	C	-3.11%
COST	A	-1.87%
GE	D	-1.61%
TMO	F	-1.6%
SPGI	C	-1.51%
INTU	B	-1.44%
AMAT	F	-1.43%
TDG	D	-1.42%
KLAC	F	-1.38%
DHR	F	-1.37%
TT	A	-1.34%
SHW	B	-1.34%
ETN	A	-1.33%
MCO	B	-1.33%
URI	C	-1.3%
BSX	A	-1.29%
HLT	A	-1.29%
LRCX	F	-1.28%
HEI	A	-1.26%
PWR	A	-1.24%
CTAS	B	-1.24%
HCA	F	-1.22%
MAR	A	-1.21%
WAB	B	-1.19%
ARES	A	-1.15%
WSO	A	-1.14%
AME	A	-1.14%
CPRT	B	-1.11%
MLM	C	-1.09%
VMC	B	-1.08%
NVO	F	-1.02%
IR	B	-0.16%