USMV vs. FTC ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index) (FTC)

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

FTC

First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index)

FTC Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Growth Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$146.37

Average Daily Volume

33,503

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	USMV	FTC
30 Days	1.70%	9.08%
60 Days	2.42%	12.23%
90 Days	4.02%	15.96%
12 Months	25.63%	42.15%

60 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in FTC	Overlap
AAPL	C	0.99%	0.33%	0.33%
ACGL	D	0.68%	0.74%	0.68%
ADP	B	0.09%	0.18%	0.09%
AJG	B	1.27%	0.51%	0.51%
ALNY	D	0.22%	0.62%	0.22%
AMGN	D	0.59%	0.31%	0.31%
AMZN	C	0.14%	0.38%	0.14%
ANET	C	0.29%	0.67%	0.29%
AON	A	0.53%	0.18%	0.18%
APH	A	1.44%	0.37%	0.37%
AVGO	D	1.19%	0.66%	0.66%
AZO	C	0.98%	0.33%	0.33%
BAH	F	0.39%	0.63%	0.39%
BR	A	0.05%	0.51%	0.05%
BRK.A	B	1.55%	0.49%	0.49%
CBOE	B	0.85%	0.32%	0.32%
CHD	B	0.4%	0.17%	0.17%
CL	D	0.41%	0.43%	0.41%
CRM	B	0.05%	0.2%	0.05%
CRWD	B	0.19%	0.2%	0.19%
DELL	C	0.12%	0.38%	0.12%
ERIE	D	0.42%	0.63%	0.42%
FCNCA	A	0.88%	0.78%	0.78%
FI	A	0.69%	0.78%	0.69%
FICO	B	0.59%	1.0%	0.59%
FSLR	F	0.06%	0.65%	0.06%
GDDY	A	1.0%	0.98%	0.98%
GEN	B	0.35%	0.73%	0.35%
GRMN	B	0.33%	0.8%	0.33%
IBM	C	1.66%	0.63%	0.63%
ICE	C	0.28%	0.47%	0.28%
IT	C	0.35%	0.35%	0.35%
KMB	D	0.21%	0.15%	0.15%
KO	D	0.1%	0.29%	0.1%
LIN	D	0.16%	0.15%	0.15%
LLY	F	1.25%	0.3%	0.3%
MA	C	0.7%	0.17%	0.17%
MCD	D	1.25%	0.33%	0.33%
MKL	A	0.34%	0.18%	0.18%
MMC	B	1.11%	0.33%	0.33%
MSI	B	1.81%	0.73%	0.73%
NOW	A	0.75%	0.77%	0.75%
NTAP	C	0.22%	0.47%	0.22%
NVDA	C	0.67%	0.81%	0.67%
ORCL	B	1.31%	0.73%	0.73%
ORLY	B	0.68%	0.35%	0.35%
OTIS	C	0.07%	0.32%	0.07%
PG	A	1.23%	0.16%	0.16%
PGR	A	1.67%	0.85%	0.85%
ROL	B	0.36%	0.33%	0.33%
RSG	A	1.55%	0.35%	0.35%
SO	D	1.35%	0.47%	0.47%
TJX	A	0.45%	0.5%	0.45%
TMUS	B	1.95%	0.77%	0.77%
UBER	D	0.45%	0.46%	0.45%
UTHR	C	0.14%	0.9%	0.14%
VRTX	F	0.69%	0.17%	0.17%
WDAY	B	0.43%	0.18%	0.18%
WM	A	1.44%	0.17%	0.17%
WMB	A	0.31%	0.41%	0.31%

USMV Overweight 110 Positions Relative to FTC

Symbol	Grade	Weight
WMT	A	1.78%
WCN	A	1.56%
DUK	C	1.49%
CSCO	B	1.47%
CB	C	1.47%
NOC	D	1.43%
TXN	C	1.39%
VZ	C	1.35%
MCK	B	1.35%
MSFT	F	1.34%
UNH	C	1.34%
ROP	B	1.3%
ACN	C	1.29%
JNJ	D	1.18%
TRV	B	1.15%
ED	D	1.13%
ABBV	D	1.04%
MRK	F	1.01%
PEP	F	1.01%
GILD	C	0.94%
V	A	0.9%
EA	A	0.89%
LMT	D	0.82%
K	A	0.8%
WEC	A	0.78%
CTSH	B	0.76%
T	A	0.74%
TSN	B	0.71%
COR	B	0.67%
GIS	D	0.66%
VRSN	F	0.64%
KR	B	0.61%
REGN	F	0.59%
KDP	D	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%
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%
XOM	B	0.45%
MDLZ	F	0.44%
EG	C	0.43%
VRSK	A	0.42%
HUM	C	0.4%
CMCSA	B	0.39%
AEP	D	0.39%
AKAM	D	0.39%
KHC	F	0.38%
WTW	B	0.38%
CTVA	C	0.38%
AFG	A	0.35%
CDW	F	0.35%
CVX	A	0.34%
CPB	D	0.33%
AIZ	A	0.32%
NBIX	C	0.32%
WRB	A	0.31%
GLW	B	0.31%
FWONK	B	0.31%
HSY	F	0.3%
HD	A	0.3%
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%
BMRN	D	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%
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%
STX	D	0.16%
GOOG	C	0.16%
MDT	D	0.13%
HIG	B	0.12%
OXY	D	0.12%
DGX	A	0.11%
LNT	A	0.1%
RTX	C	0.09%
ABT	B	0.09%
TEL	B	0.07%
ATO	A	0.06%
PSX	C	0.06%
KNX	B	0.06%
VLO	C	0.05%
GD	F	0.05%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 126 Positions Relative to FTC

Symbol	Grade	Weight
APP	B	-1.81%
PLTR	B	-1.32%
AXON	A	-1.26%
CVNA	B	-1.15%
RCL	A	-1.09%
TRGP	B	-1.08%
EXPE	B	-1.03%
VRT	B	-1.01%
DASH	A	-1.01%
GS	A	-0.99%
VST	B	-0.97%
KKR	A	-0.96%
EME	C	-0.96%
HWM	A	-0.94%
HOOD	B	-0.92%
BK	A	-0.9%
WAB	B	-0.9%
PWR	A	-0.9%
AXP	A	-0.89%
CCL	B	-0.88%
TT	A	-0.88%
HEI	B	-0.88%
URI	B	-0.87%
CPNG	D	-0.86%
ALL	A	-0.86%
BURL	A	-0.85%
NRG	B	-0.84%
THC	D	-0.82%
VTR	C	-0.82%
AMP	A	-0.8%
LYV	A	-0.79%
IRM	D	-0.79%
RBLX	C	-0.79%
NTRS	A	-0.78%
JPM	A	-0.76%
TPL	A	-0.75%
PH	A	-0.74%
CEG	D	-0.72%
PCG	A	-0.71%
HCA	F	-0.71%
BSX	B	-0.7%
CTAS	B	-0.7%
PM	B	-0.7%
BRO	B	-0.7%
COST	B	-0.69%
SHW	A	-0.68%
LII	A	-0.68%
META	D	-0.67%
CAT	B	-0.66%
PEG	A	-0.65%
APO	B	-0.64%
GE	D	-0.63%
RMD	C	-0.63%
FTNT	C	-0.59%
NEE	D	-0.59%
TDG	D	-0.59%
NFLX	A	-0.57%
BKNG	A	-0.57%
TTD	B	-0.56%
GWW	B	-0.55%
DECK	A	-0.54%
CASY	A	-0.53%
HLT	A	-0.53%
ISRG	A	-0.53%
WSO	A	-0.52%
NDAQ	A	-0.52%
COIN	C	-0.52%
WELL	A	-0.51%
TYL	B	-0.51%
HUBB	B	-0.5%
CSL	C	-0.49%
MCO	B	-0.49%
SPGI	C	-0.48%
MANH	D	-0.48%
LVS	C	-0.47%
ECL	D	-0.47%
TSCO	D	-0.46%
VLTO	D	-0.45%
XYL	D	-0.44%
PSA	D	-0.44%
EFX	F	-0.43%
AMT	D	-0.41%
TSLA	B	-0.4%
CPAY	A	-0.39%
MAR	B	-0.38%
PANW	C	-0.38%
ADSK	A	-0.37%
ARES	A	-0.36%
MO	A	-0.36%
ETN	A	-0.36%
IR	B	-0.35%
DOV	A	-0.35%
SPG	B	-0.35%
ROST	C	-0.32%
MSTR	C	-0.32%
RIVN	F	-0.31%
VICI	C	-0.31%
BLD	D	-0.3%
EXR	D	-0.3%
O	D	-0.29%
WSM	B	-0.28%
LPLA	A	-0.22%
MPWR	F	-0.21%
FAST	B	-0.19%
PAYX	C	-0.18%
DLR	B	-0.18%
GPN	B	-0.18%
ESS	B	-0.17%
ITW	B	-0.17%
MSCI	C	-0.17%
CMG	B	-0.17%
WAT	B	-0.17%
DKNG	B	-0.17%
GOOGL	C	-0.17%
SYK	C	-0.17%
MU	D	-0.16%
QCOM	F	-0.16%
EQIX	A	-0.16%
AVB	B	-0.16%
SBAC	D	-0.15%
GLPI	C	-0.15%
CCI	D	-0.14%
A	D	-0.14%
ZTS	D	-0.14%
MTD	D	-0.13%
KLAC	D	-0.13%