USMV vs. FTQI ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to First Trust Low Beta Income ETF (FTQI)

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

$83.93

Average Daily Volume

1,622,841

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

FTQI

First Trust Low Beta Income ETF

FTQI Description

The investment seeks to provide current income. The fund will pursue its objective by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of buying U.S. exchange-traded put options on the Standard & Poor's 500(c) Index (the "index") and writing (selling) U.S. exchange-traded covered call options on 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 buy and write will be limited to U.S. exchange-traded securities and options. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.59

Average Daily Volume

121,417

Number of Holdings ^*

212

* may have additional holdings in another (foreign) market

Performance

Period	USMV	FTQI
30 Days	1.93%	2.85%
60 Days	3.78%	4.40%
90 Days	2.73%	4.24%
12 Months	15.09%	16.74%

45 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in FTQI	Overlap
AAPL	A	1.01%	8.79%	1.01%
ABBV	C	1.15%	0.18%	0.18%
ACGL	C	0.78%	0.06%	0.06%
AMZN	A	0.14%	4.13%	0.14%
ANET	A	0.29%	0.26%	0.26%
APH	B	1.49%	0.57%	0.57%
AVGO	B	1.24%	4.13%	1.24%
BMRN	D	0.32%	0.28%	0.28%
CL	B	0.47%	0.22%	0.22%
CMCSA	D	0.38%	1.07%	0.38%
CRM	C	0.04%	0.46%	0.04%
CSCO	D	1.33%	1.37%	1.33%
CVX	D	0.36%	0.15%	0.15%
ERIE	C	0.39%	0.21%	0.21%
FCNCA	C	0.73%	0.14%	0.14%
FFIV	D	0.43%	0.15%	0.15%
FSLR	C	0.09%	0.16%	0.09%
GOOG	A	0.18%	2.06%	0.18%
HOLX	C	0.17%	0.09%	0.09%
INCY	C	0.5%	0.16%	0.16%
KEYS	F	0.53%	0.18%	0.18%
LIN	C	0.17%	1.24%	0.17%
LLY	B	1.69%	1.16%	1.16%
LNT	C	0.09%	0.42%	0.09%
MSFT	A	1.57%	8.81%	1.57%
MSI	B	1.56%	0.18%	0.18%
NBIX	C	0.4%	0.21%	0.21%
NOW	B	0.62%	0.34%	0.34%
NTAP	A	0.25%	0.88%	0.25%
NVDA	B	0.61%	5.04%	0.61%
ORCL	A	1.05%	0.58%	0.58%
PEP	D	1.17%	1.63%	1.17%
PGR	B	1.51%	0.12%	0.12%
PSX	D	0.07%	0.14%	0.07%
PTC	B	0.54%	0.48%	0.48%
STX	B	0.19%	0.4%	0.19%
TMUS	B	1.61%	1.43%	1.43%
TW	C	0.17%	0.05%	0.05%
TXN	B	1.45%	1.53%	1.45%
UTHR	B	0.13%	0.17%	0.13%
V	D	0.83%	0.22%	0.22%
WM	B	1.52%	0.11%	0.11%
WMT	A	1.52%	0.32%	0.32%
WTW	B	0.35%	0.14%	0.14%
XOM	C	0.48%	0.15%	0.15%

USMV Overweight 124 Positions Relative to FTQI

Symbol	Grade	Weight
WCN	A	1.59%
RSG	A	1.56%
MRK	C	1.48%
BRK.A	D	1.47%
IBM	B	1.47%
CB	C	1.47%
ROP	B	1.45%
DUK	D	1.44%
VZ	B	1.43%
MCK	B	1.42%
NOC	D	1.37%
SO	B	1.3%
PG	C	1.3%
AJG	A	1.23%
UNH	D	1.23%
JNJ	F	1.22%
ACN	C	1.2%
MCD	F	1.2%
MMC	A	1.15%
ED	D	1.13%
AZO	C	1.01%
TRV	D	0.99%
REGN	B	0.91%
GDDY	A	0.81%
EA	B	0.81%
GILD	C	0.8%
VRTX	B	0.79%
LMT	B	0.78%
ELV	C	0.76%
CTSH	C	0.73%
AMGN	B	0.72%
GIS	D	0.72%
KDP	D	0.7%
TSN	D	0.69%
VRSN	C	0.69%
COR	C	0.68%
T	B	0.67%
WEC	D	0.67%
FANG	A	0.66%
ORLY	C	0.65%
MA	D	0.65%
MPC	D	0.64%
K	D	0.63%
BDX	F	0.63%
HUM	C	0.57%
KR	C	0.56%
YUM	D	0.55%
FI	D	0.52%
TDY	D	0.51%
JNPR	B	0.5%
MDLZ	D	0.5%
NEM	B	0.49%
UBER	B	0.49%
CME	D	0.49%
CDW	D	0.49%
BAH	B	0.48%
EG	D	0.48%
AON	C	0.45%
TJX	B	0.45%
VRSK	A	0.44%
AKAM	F	0.44%
KHC	D	0.43%
FICO	A	0.41%
WDAY	D	0.4%
CHD	D	0.4%
AEP	D	0.39%
XEL	D	0.39%
ROL	A	0.39%
CTVA	D	0.38%
BMY	F	0.38%
CPB	B	0.37%
HSY	F	0.35%
MKL	D	0.35%
AFG	D	0.34%
GEN	B	0.32%
IT	C	0.32%
FWONK	B	0.3%
WRB	C	0.29%
GRMN	C	0.28%
L	D	0.28%
GLW	B	0.28%
AIZ	D	0.27%
ADI	B	0.27%
ICE	A	0.27%
HD	C	0.27%
PFE	D	0.25%
ALNY	A	0.25%
HON	B	0.25%
DPZ	C	0.24%
WMB	A	0.24%
HRL	F	0.23%
HUBS	D	0.23%
CRWD	A	0.23%
CI	D	0.23%
KMB	B	0.23%
SNPS	B	0.22%
MOH	F	0.21%
D	C	0.21%
DTE	D	0.2%
CDNS	B	0.2%
AZPN	C	0.2%
AEE	D	0.2%
CMS	D	0.18%
PKG	C	0.17%
MELI	D	0.17%
OXY	D	0.17%
EOG	C	0.17%
MDT	D	0.14%
DELL	B	0.13%
HIG	C	0.12%
KO	B	0.11%
DGX	C	0.1%
ABT	D	0.09%
ADP	D	0.08%
RTX	D	0.08%
OTIS	B	0.07%
TEL	B	0.07%
VLO	C	0.06%
KNX	C	0.06%
GD	D	0.06%
ATO	C	0.05%
BR	B	0.05%
ULTA	D	0.05%
CVS	D	0.05%

USMV Underweight 167 Positions Relative to FTQI

Symbol	Grade	Weight
META	B	-4.04%
COST	A	-2.62%
GOOGL	A	-2.06%
NFLX	A	-2.0%
AMD	B	-1.74%
AMAT	B	-1.68%
ADBE	B	-1.63%
QCOM	B	-1.5%
INTU	B	-1.19%
EQIX	D	-1.1%
CHKP	A	-0.68%
OTTR	C	-0.58%
SPGI	B	-0.56%
TER	A	-0.52%
WFRD	B	-0.5%
NTES	D	-0.49%
UFPI	D	-0.45%
ICLR	B	-0.45%
MGEE	D	-0.44%
CASY	B	-0.42%
A	D	-0.38%
MEDP	C	-0.37%
CHX	C	-0.37%
TYL	B	-0.34%
BGC	C	-0.33%
DUOL	F	-0.33%
TRMD	A	-0.32%
ZBRA	C	-0.31%
SNY	B	-0.31%
PAGP	A	-0.3%
NICE	D	-0.3%
MPWR	A	-0.3%
AMT	B	-0.29%
RMBS	D	-0.28%
WWD	C	-0.28%
TSCO	D	-0.28%
NDAQ	C	-0.28%
SBAC	F	-0.27%
IBKR	B	-0.26%
MORN	B	-0.26%
BCPC	A	-0.26%
MKSI	B	-0.23%
OLED	A	-0.23%
DOX	D	-0.23%
EVRG	D	-0.22%
APPF	B	-0.22%
EWBC	C	-0.21%
WDC	B	-0.21%
EW	B	-0.21%
CYBR	B	-0.21%
MTSI	A	-0.2%
QRVO	B	-0.19%
NDSN	D	-0.19%
OLLI	B	-0.19%
NOVT	C	-0.18%
COIN	D	-0.18%
IESC	D	-0.18%
MANH	B	-0.18%
PNFP	D	-0.18%
TXRH	C	-0.18%
ASND	C	-0.18%
SLAB	D	-0.18%
BSY	D	-0.17%
COKE	B	-0.17%
EXPE	C	-0.17%
UMBF	B	-0.17%
STRL	D	-0.17%
HALO	B	-0.17%
GNTX	C	-0.17%
PODD	C	-0.17%
LITE	B	-0.16%
WING	B	-0.16%
MUSA	C	-0.16%
VRNS	B	-0.16%
FRPT	A	-0.15%
LPLA	B	-0.15%
SMCI	C	-0.15%
SSNC	B	-0.15%
RVMD	D	-0.15%
EL	F	-0.15%
EBAY	B	-0.15%
LSCC	D	-0.15%
REG	C	-0.15%
CHDN	A	-0.15%
HQY	B	-0.15%
JAZZ	F	-0.15%
APP	A	-0.15%
NTRA	B	-0.15%
WIRE	A	-0.15%
FROG	B	-0.15%
CHRW	C	-0.15%
IDCC	A	-0.15%
ZM	D	-0.14%
ALGM	C	-0.14%
BL	D	-0.14%
TCOM	C	-0.14%
ALGN	D	-0.14%
TENB	D	-0.14%
NSIT	B	-0.14%
BECN	D	-0.14%
FLEX	C	-0.14%
SCHW	C	-0.14%
WIX	C	-0.14%
COLM	D	-0.14%
CHRD	C	-0.14%
PCTY	F	-0.14%
ITRI	C	-0.14%
MIDD	F	-0.14%
TECH	D	-0.14%
LKQ	F	-0.14%
WSC	F	-0.14%
PFG	D	-0.14%
CGNX	B	-0.14%
TTEK	C	-0.14%
AVAV	D	-0.14%
NTRS	B	-0.14%
SAIC	F	-0.13%
CAT	C	-0.13%
ETN	C	-0.13%
ICUI	B	-0.13%
DOCU	D	-0.13%
OKTA	C	-0.13%
MKTX	F	-0.13%
MTD	C	-0.13%
AXP	C	-0.13%
FRSH	D	-0.13%
HSIC	F	-0.13%
MASI	F	-0.13%
RMD	D	-0.12%
LOGI	C	-0.12%
TGT	D	-0.12%
AAON	B	-0.12%
RGLD	C	-0.12%
AXON	C	-0.12%
BRKR	F	-0.12%
NTNX	D	-0.12%
VEEV	F	-0.12%
LOW	D	-0.11%
LANC	C	-0.11%
TROW	C	-0.11%
WAT	F	-0.11%
VMC	D	-0.11%
SHOO	C	-0.11%
GE	C	-0.11%
DG	F	-0.1%
CELH	F	-0.1%
CHK	C	-0.1%
ACDC	D	-0.1%
PH	C	-0.1%
UFPT	A	-0.1%
BPMC	B	-0.09%
XP	F	-0.08%
MMYT	A	-0.08%
SFM	B	-0.08%
STLD	D	-0.08%
IOSP	D	-0.08%
REYN	D	-0.07%
CRVL	B	-0.07%
RGEN	F	-0.07%
CVLT	A	-0.06%
CSWI	A	-0.05%
NWSA	A	-0.05%
RXST	D	-0.05%
CVCO	D	-0.04%
CLSK	D	-0.04%
CWCO	F	-0.04%
GEV	C	-0.03%