USMV vs. FVD ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to First Trust VL Dividend (FVD)

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

$82.14

Average Daily Volume

2,540,204

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

FVD

First Trust VL Dividend

FVD 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 Value Line(R) Dividend Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$41.63

Average Daily Volume

1,127,749

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	USMV	FVD
30 Days	-0.18%	0.43%
60 Days	0.47%	0.60%
90 Days	2.79%	3.59%
12 Months	14.27%	5.68%

72 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in FVD	Overlap
ABBV	D	1.14%	0.53%	0.53%
ABT	F	0.09%	0.56%	0.09%
ACN	D	1.24%	0.53%	0.53%
ADI	A	0.24%	0.61%	0.24%
ADP	D	0.08%	0.55%	0.08%
AEE	C	0.23%	0.55%	0.23%
AEP	A	0.4%	0.57%	0.4%
AIZ	D	0.44%	0.56%	0.44%
AMGN	B	0.66%	0.56%	0.56%
APD	C	0.26%	0.56%	0.26%
ATO	A	0.05%	0.56%	0.05%
BAH	B	0.47%	0.57%	0.47%
BDX	F	0.69%	0.55%	0.55%
BMY	F	0.69%	0.5%	0.5%
BR	D	0.2%	0.56%	0.2%
CHRW	C	0.4%	0.56%	0.4%
CL	A	0.46%	0.57%	0.46%
CMCSA	D	0.4%	0.53%	0.4%
CME	C	0.55%	0.54%	0.54%
CMS	A	0.2%	0.56%	0.2%
CPB	B	0.42%	0.55%	0.42%
CSCO	D	1.36%	0.55%	0.55%
CTSH	D	0.74%	0.54%	0.54%
CVS	F	0.04%	0.54%	0.04%
DGX	B	0.29%	0.59%	0.29%
DTE	A	0.21%	0.56%	0.21%
DUK	A	1.51%	0.56%	0.56%
ED	A	1.26%	0.56%	0.56%
ES	B	0.16%	0.56%	0.16%
EVRG	B	0.06%	0.56%	0.06%
GD	A	0.06%	0.55%	0.06%
GILD	F	0.98%	0.55%	0.55%
GIS	B	0.84%	0.55%	0.55%
GRMN	A	0.37%	0.57%	0.37%
HD	D	0.76%	0.56%	0.56%
HON	C	0.24%	0.55%	0.24%
HRL	B	0.5%	0.56%	0.5%
HSY	B	0.98%	0.57%	0.57%
IBM	D	1.5%	0.51%	0.51%
JNJ	F	1.31%	0.55%	0.55%
JNPR	D	0.52%	0.54%	0.52%
K	B	0.79%	0.56%	0.56%
KDP	B	0.72%	0.59%	0.59%
KMB	B	0.28%	0.58%	0.28%
KO	A	0.11%	0.57%	0.11%
KR	B	0.65%	0.54%	0.54%
LMT	A	0.81%	0.56%	0.56%
LNT	B	0.09%	0.55%	0.09%
LOW	D	0.15%	0.55%	0.15%
MCD	F	1.33%	0.55%	0.55%
MDLZ	B	0.55%	0.57%	0.55%
MDT	D	0.14%	0.56%	0.14%
MRK	B	1.76%	0.57%	0.57%
NOC	B	0.51%	0.57%	0.51%
OTIS	C	0.07%	0.54%	0.07%
PEP	B	1.29%	0.55%	0.55%
PFE	D	0.26%	0.54%	0.26%
PG	A	1.34%	0.56%	0.56%
PKG	D	0.17%	0.55%	0.17%
ROL	B	0.37%	0.58%	0.37%
RTX	A	0.08%	0.56%	0.08%
SJM	F	0.22%	0.54%	0.22%
SO	A	1.31%	0.57%	0.57%
TEL	C	0.07%	0.55%	0.07%
TMUS	B	1.56%	0.56%	0.56%
TRV	D	1.07%	0.55%	0.55%
TXN	A	1.41%	0.61%	0.61%
UNH	C	1.3%	0.55%	0.55%
WEC	B	0.74%	0.56%	0.56%
WM	B	1.7%	0.57%	0.57%
XEL	C	0.73%	0.55%	0.55%
YUM	C	0.58%	0.57%	0.57%

USMV Overweight 92 Positions Relative to FVD

Symbol	Grade	Weight
AVGO	C	2.08%
APH	A	1.75%
RSG	C	1.65%
WCN	C	1.64%
PGR	A	1.64%
BRK.A	C	1.56%
MSI	A	1.48%
MSFT	C	1.48%
VZ	D	1.42%
WMT	C	1.39%
ROP	D	1.37%
CB	C	1.2%
MCK	B	1.2%
AJG	C	1.17%
MMC	C	1.14%
AZO	D	1.06%
ORCL	D	0.9%
V	C	0.87%
AAPL	B	0.85%
REGN	C	0.84%
NEM	B	0.83%
LLY	C	0.82%
KEYS	D	0.82%
EA	F	0.78%
MPC	D	0.71%
VRTX	C	0.7%
VRSN	F	0.7%
COR	D	0.7%
GDDY	A	0.67%
MA	D	0.67%
ORLY	D	0.64%
T	B	0.62%
FI	C	0.55%
HUM	F	0.53%
PTC	D	0.53%
GEN	F	0.53%
TDY	D	0.53%
KHC	C	0.51%
AKAM	D	0.51%
CDW	F	0.5%
XOM	B	0.5%
DPZ	B	0.49%
EG	C	0.49%
INCY	D	0.47%
ERIE	C	0.46%
FFIV	D	0.46%
AON	F	0.44%
CHD	A	0.43%
NBIX	B	0.43%
CTVA	B	0.42%
TJX	C	0.4%
AMCR	A	0.39%
CVX	B	0.39%
VRSK	B	0.39%
AFG	C	0.37%
EXPD	D	0.37%
CF	F	0.36%
LNG	D	0.36%
MKL	A	0.36%
WTW	D	0.35%
BMRN	F	0.34%
FICO	C	0.34%
IT	D	0.32%
DELL	B	0.3%
WRB	D	0.3%
L	A	0.29%
ELV	A	0.29%
ICE	C	0.26%
MOH	D	0.25%
GLW	B	0.25%
ACGL	A	0.25%
WMB	A	0.23%
D	B	0.23%
AZPN	D	0.22%
HOLX	D	0.22%
NTAP	B	0.21%
DBX	F	0.19%
TW	A	0.17%
LIN	D	0.17%
JKHY	D	0.14%
GOOG	B	0.13%
CI	D	0.11%
VLO	D	0.11%
UTHR	B	0.11%
HIG	C	0.11%
SNPS	D	0.09%
PSX	D	0.07%
CDNS	D	0.06%
ULTA	F	0.05%
IP	C	0.05%
FOX	B	0.05%
AWK	B	0.04%

USMV Underweight 96 Positions Relative to FVD

Symbol	Grade	Weight
TSCO	B	-0.61%
WSO	B	-0.61%
AZN	A	-0.6%
CWT	B	-0.59%
TSM	B	-0.59%
UL	A	-0.59%
SNY	B	-0.58%
LHX	A	-0.58%
SXT	A	-0.58%
AWR	C	-0.57%
JPM	B	-0.57%
NVS	B	-0.57%
MKC	B	-0.57%
UPS	D	-0.57%
LANC	D	-0.57%
CLX	F	-0.57%
UNP	C	-0.57%
PEG	A	-0.57%
MO	A	-0.57%
AVY	A	-0.57%
GS	A	-0.57%
NEE	B	-0.57%
JJSF	B	-0.56%
EXC	B	-0.56%
BLK	D	-0.56%
SBUX	F	-0.56%
CCI	D	-0.56%
DE	B	-0.56%
SR	B	-0.56%
BTI	B	-0.56%
DTM	A	-0.56%
MSM	F	-0.56%
SWX	A	-0.56%
TROW	D	-0.56%
PINC	F	-0.56%
SLGN	B	-0.56%
PSA	D	-0.56%
CPK	B	-0.56%
IDA	B	-0.56%
BAX	F	-0.56%
NWN	B	-0.56%
INGR	A	-0.56%
NFG	A	-0.56%
DLB	C	-0.56%
FLO	B	-0.56%
JCI	B	-0.56%
EMR	C	-0.56%
CMI	B	-0.56%
AFL	A	-0.56%
NVO	D	-0.56%
TD	F	-0.56%
SNA	D	-0.56%
MGEE	B	-0.56%
HII	D	-0.56%
REYN	C	-0.56%
FAST	D	-0.56%
SON	C	-0.56%
BRC	B	-0.56%
AMT	D	-0.56%
WTRG	B	-0.56%
SRE	B	-0.56%
PM	A	-0.56%
UVV	B	-0.56%
GNTX	D	-0.56%
DOX	D	-0.55%
G	D	-0.55%
NSC	D	-0.55%
WDFC	D	-0.55%
TM	D	-0.55%
ALE	B	-0.55%
CAG	B	-0.55%
MMM	B	-0.55%
PAYX	D	-0.55%
PPG	D	-0.55%
ITW	D	-0.55%
ETR	A	-0.55%
SCL	C	-0.55%
NKE	D	-0.55%
NJR	B	-0.55%
MMS	C	-0.55%
NI	A	-0.55%
OGS	C	-0.55%
HLI	A	-0.55%
ALL	B	-0.54%
AOS	C	-0.54%
THG	A	-0.54%
CAT	D	-0.54%
RHI	D	-0.54%
DEO	D	-0.54%
INFY	D	-0.54%
NDAQ	D	-0.54%
CSGS	F	-0.54%
WERN	D	-0.54%
CNI	D	-0.53%
EQIX	F	-0.53%
NEU	D	-0.5%