USMV vs. FTHI ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to First Trust High Income ETF (FTHI)

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

FTHI

First Trust High Income ETF

FTHI Description

The investment seeks current income; capital appreciation is a secondary objective. The fund will pursue its objectives by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poor's 500(c) Index (the "index"). The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will write will be limited to U.S. exchange-traded securities and options. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.68

Average Daily Volume

244,323

Number of Holdings ^*

165

* may have additional holdings in another (foreign) market

Performance

Period	USMV	FTHI
30 Days	1.70%	2.96%
60 Days	2.42%	3.94%
90 Days	4.02%	5.68%
12 Months	25.63%	18.62%

55 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in FTHI	Overlap
AAPL	C	0.99%	5.63%	0.99%
ABBV	D	1.04%	0.62%	0.62%
ADP	B	0.09%	0.33%	0.09%
AJG	B	1.27%	0.05%	0.05%
AMGN	D	0.59%	0.31%	0.31%
AMZN	C	0.14%	3.92%	0.14%
AVGO	D	1.19%	1.65%	1.19%
BAH	F	0.39%	0.31%	0.31%
BDX	F	0.56%	0.07%	0.07%
BMY	B	0.49%	0.48%	0.48%
BRK.A	B	1.55%	1.73%	1.55%
CL	D	0.41%	0.05%	0.05%
CME	A	0.53%	0.37%	0.37%
CRM	B	0.05%	0.65%	0.05%
CVX	A	0.34%	0.26%	0.26%
D	C	0.23%	0.08%	0.08%
DELL	C	0.12%	0.45%	0.12%
DUK	C	1.49%	0.31%	0.31%
ELV	F	0.52%	0.03%	0.03%
GILD	C	0.94%	0.47%	0.47%
GIS	D	0.66%	0.03%	0.03%
GOOG	C	0.16%	1.84%	0.16%
HD	A	0.3%	0.88%	0.3%
HON	B	0.25%	0.31%	0.25%
IBM	C	1.66%	0.36%	0.36%
KO	D	0.1%	0.46%	0.1%
LIN	D	0.16%	0.41%	0.16%
LLY	F	1.25%	1.18%	1.18%
LMT	D	0.82%	0.26%	0.26%
MA	C	0.7%	0.88%	0.7%
MDLZ	F	0.44%	0.03%	0.03%
MDT	D	0.13%	0.45%	0.13%
MMC	B	1.11%	0.42%	0.42%
MRK	F	1.01%	0.49%	0.49%
MSFT	F	1.34%	6.53%	1.34%
MSI	B	1.81%	0.17%	0.17%
NOW	A	0.75%	0.42%	0.42%
NVDA	C	0.67%	6.56%	0.67%
ORCL	B	1.31%	0.53%	0.53%
PEP	F	1.01%	0.45%	0.45%
PFE	D	0.2%	0.1%	0.1%
PG	A	1.23%	0.79%	0.79%
RTX	C	0.09%	0.33%	0.09%
SO	D	1.35%	0.2%	0.2%
T	A	0.74%	0.35%	0.35%
TJX	A	0.45%	0.32%	0.32%
TMUS	B	1.95%	0.3%	0.3%
TXN	C	1.39%	0.36%	0.36%
UNH	C	1.34%	1.08%	1.08%
V	A	0.9%	1.01%	0.9%
VZ	C	1.35%	0.35%	0.35%
WEC	A	0.78%	0.15%	0.15%
WMT	A	1.78%	0.69%	0.69%
XEL	A	0.46%	0.19%	0.19%
XOM	B	0.45%	1.0%	0.45%

USMV Overweight 115 Positions Relative to FTHI

Symbol	Grade	Weight
PGR	A	1.67%
WCN	A	1.56%
RSG	A	1.55%
CSCO	B	1.47%
CB	C	1.47%
APH	A	1.44%
WM	A	1.44%
NOC	D	1.43%
MCK	B	1.35%
ROP	B	1.3%
ACN	C	1.29%
MCD	D	1.25%
JNJ	D	1.18%
TRV	B	1.15%
ED	D	1.13%
GDDY	A	1.0%
AZO	C	0.98%
EA	A	0.89%
FCNCA	A	0.88%
CBOE	B	0.85%
K	A	0.8%
CTSH	B	0.76%
TSN	B	0.71%
VRTX	F	0.69%
FI	A	0.69%
ORLY	B	0.68%
ACGL	D	0.68%
COR	B	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%
KEYS	A	0.55%
FANG	D	0.55%
FFIV	B	0.55%
MPC	D	0.54%
INCY	C	0.53%
AON	A	0.53%
PTC	A	0.52%
YUM	B	0.5%
NEM	D	0.46%
UBER	D	0.45%
JNPR	F	0.45%
WDAY	B	0.43%
EG	C	0.43%
ERIE	D	0.42%
VRSK	A	0.42%
CHD	B	0.4%
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%
ROL	B	0.36%
IT	C	0.35%
AFG	A	0.35%
GEN	B	0.35%
CDW	F	0.35%
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%
ANET	C	0.29%
ICE	C	0.28%
L	A	0.28%
AEE	A	0.24%
HUBS	A	0.24%
ADI	D	0.23%
AZPN	A	0.23%
ALNY	D	0.22%
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%
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%
STX	D	0.16%
UTHR	C	0.14%
HIG	B	0.12%
OXY	D	0.12%
DGX	A	0.11%
LNT	A	0.1%
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 110 Positions Relative to FTHI

Symbol	Grade	Weight
META	D	-2.55%
GOOGL	C	-2.17%
BXMT	C	-1.55%
SLG	B	-1.44%
JPM	A	-1.41%
TSLA	B	-1.36%
JXN	C	-1.11%
CRNX	C	-0.99%
CCEP	C	-0.98%
VST	B	-0.97%
UL	D	-0.94%
MO	A	-0.9%
LADR	B	-0.87%
COST	B	-0.83%
BRBR	A	-0.77%
CALM	A	-0.76%
NFLX	A	-0.72%
INGR	B	-0.64%
PTVE	B	-0.64%
IDA	A	-0.59%
BAC	A	-0.56%
ALSN	B	-0.53%
CCI	D	-0.53%
WFC	A	-0.49%
NVS	D	-0.49%
EXP	A	-0.48%
SLM	A	-0.48%
CVLT	B	-0.48%
DTM	B	-0.46%
IDCC	A	-0.45%
AMD	F	-0.45%
TOL	B	-0.45%
SFM	A	-0.45%
INSM	C	-0.44%
HLI	B	-0.44%
ADBE	C	-0.44%
EWBC	A	-0.43%
INTU	C	-0.43%
UMBF	B	-0.43%
MEDP	D	-0.42%
ARES	A	-0.42%
ITW	B	-0.41%
PPC	C	-0.41%
CAT	B	-0.41%
DECK	A	-0.41%
EHC	B	-0.39%
AM	A	-0.38%
TMO	F	-0.38%
USFD	A	-0.38%
PM	B	-0.37%
ISRG	A	-0.37%
BKNG	A	-0.36%
LANC	C	-0.36%
SLVM	B	-0.35%
FNF	B	-0.35%
KNSL	B	-0.35%
GE	D	-0.35%
HESM	B	-0.34%
FTI	A	-0.34%
SPGI	C	-0.33%
WSO	A	-0.33%
GS	A	-0.33%
SCCO	F	-0.33%
MGEE	C	-0.32%
QCOM	F	-0.32%
LOW	D	-0.31%
DHR	F	-0.31%
VEEV	C	-0.31%
AMAT	F	-0.31%
KRC	C	-0.31%
BKU	A	-0.3%
LOPE	B	-0.3%
PSA	D	-0.3%
SBRA	C	-0.3%
MATX	C	-0.3%
AMT	D	-0.29%
UNP	C	-0.29%
GAP	C	-0.27%
DHT	F	-0.27%
IIPR	D	-0.27%
GGG	B	-0.27%
NVO	D	-0.25%
ATR	B	-0.25%
SBLK	F	-0.24%
O	D	-0.24%
NEE	D	-0.24%
BLK	C	-0.24%
COP	C	-0.24%
CNA	B	-0.23%
PFGC	B	-0.22%
AMH	D	-0.22%
STNG	F	-0.22%
EQIX	A	-0.21%
PAYX	C	-0.21%
CVBF	A	-0.2%
FLO	D	-0.2%
OTTR	C	-0.2%
MUSA	A	-0.19%
GEV	B	-0.17%
NEU	C	-0.17%
REYN	D	-0.16%
KAR	B	-0.15%
EXR	D	-0.14%
SFNC	B	-0.14%
OGN	D	-0.13%
BX	A	-0.13%
NHI	D	-0.12%
TGT	F	-0.11%
SPG	B	-0.05%
SYK	C	-0.05%