USMV vs. GLBL ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Pacer MSCI World Industry Advantage ETF (GLBL)

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

GLBL

Pacer MSCI World Industry Advantage ETF

GLBL Description

GLBL tracks an index that aims to invest in firms that lead the industry from the country with the most active weight in each of the GICS Industry Groups. First, the fund determines which country has the highest active weight in each of the twenty-five GICS Industry Groups as measured against the MSCI World Index, its parent index. Only large- and midcap companies from developed market countries are considered. Then, all securities with a 3-month ADTV greater than or equal to USD 5 Million become eligible. Finally, at each quarterly review and initial construction, the eligible securities that meet the liquidity criteria are grouped by country, and each group is weighted in proportion to their aggregate free-float market cap and the corresponding country's GDP. The weights are then normalized to sum to 100%, with each security having a cap of 5%.

Grade (RS Rating)

Last Trade

$21.23

Average Daily Volume

273

Number of Holdings ^*

280

* may have additional holdings in another (foreign) market

Performance

Period	USMV	GLBL
30 Days	1.70%	3.25%
60 Days	2.42%	4.07%
90 Days	4.02%
12 Months	25.63%

73 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in GLBL	Overlap
AAPL	C	0.99%	4.65%	0.99%
ABT	B	0.09%	0.62%	0.09%
ACN	C	1.29%	0.69%	0.69%
ADI	D	0.23%	0.35%	0.23%
AKAM	D	0.39%	0.04%	0.04%
AMZN	C	0.14%	5.62%	0.14%
ANET	C	0.29%	0.32%	0.29%
APH	A	1.44%	0.27%	0.27%
AVGO	D	1.19%	2.4%	1.19%
BDX	F	0.56%	0.22%	0.22%
BRK.A	B	1.55%	1.98%	1.55%
CBOE	B	0.85%	0.05%	0.05%
CDNS	B	0.18%	0.29%	0.18%
CDW	F	0.35%	0.09%	0.09%
CI	F	0.21%	0.31%	0.21%
CMCSA	B	0.39%	0.54%	0.39%
CME	A	0.53%	0.27%	0.27%
COR	B	0.67%	0.12%	0.12%
CRM	B	0.05%	1.04%	0.05%
CRWD	B	0.19%	0.24%	0.19%
CSCO	B	1.47%	0.74%	0.74%
CTSH	B	0.76%	0.14%	0.14%
CVS	D	0.04%	0.22%	0.04%
DELL	C	0.12%	0.13%	0.12%
DGX	A	0.11%	0.04%	0.04%
DPZ	C	0.19%	0.05%	0.05%
EA	A	0.89%	0.11%	0.11%
ELV	F	0.52%	0.29%	0.29%
FFIV	B	0.55%	0.06%	0.06%
FI	A	0.69%	0.4%	0.4%
FSLR	F	0.06%	0.04%	0.04%
GDDY	A	1.0%	0.09%	0.09%
GEN	B	0.35%	0.05%	0.05%
GLW	B	0.31%	0.12%	0.12%
GOOG	C	0.16%	2.84%	0.16%
HD	A	0.3%	1.25%	0.3%
HOLX	D	0.16%	0.06%	0.06%
HUBS	A	0.24%	0.16%	0.16%
HUM	C	0.4%	0.14%	0.14%
IBM	C	1.66%	0.59%	0.59%
ICE	C	0.28%	0.29%	0.28%
IT	C	0.35%	0.13%	0.13%
JNPR	F	0.45%	0.04%	0.04%
KEYS	A	0.55%	0.07%	0.07%
KR	B	0.61%	0.13%	0.13%
MA	C	0.7%	1.35%	0.7%
MCD	D	1.25%	0.7%	0.7%
MCK	B	1.35%	0.29%	0.29%
MDT	D	0.13%	0.35%	0.13%
MELI	D	0.18%	0.45%	0.18%
MOH	F	0.18%	0.07%	0.07%
MSFT	F	1.34%	4.69%	1.34%
MSI	B	1.81%	0.23%	0.23%
NOW	A	0.75%	0.74%	0.74%
NTAP	C	0.22%	0.08%	0.08%
NVDA	C	0.67%	5.39%	0.67%
ORCL	B	1.31%	0.98%	0.98%
ORLY	B	0.68%	0.29%	0.29%
PTC	A	0.52%	0.09%	0.09%
ROP	B	1.3%	0.2%	0.2%
SNPS	B	0.18%	0.26%	0.18%
STX	D	0.16%	0.07%	0.07%
TDY	B	0.57%	0.06%	0.06%
TJX	A	0.45%	0.43%	0.43%
TW	A	0.2%	0.06%	0.06%
TXN	C	1.39%	0.58%	0.58%
ULTA	F	0.04%	0.09%	0.04%
UNH	C	1.34%	1.71%	1.34%
V	A	0.9%	1.52%	0.9%
VRSN	F	0.64%	0.04%	0.04%
WDAY	B	0.43%	0.19%	0.19%
WMT	A	1.78%	1.18%	1.18%
YUM	B	0.5%	0.13%	0.13%

USMV Overweight 97 Positions Relative to GLBL

Symbol	Grade	Weight
TMUS	B	1.95%
PGR	A	1.67%
WCN	A	1.56%
RSG	A	1.55%
DUK	C	1.49%
CB	C	1.47%
WM	A	1.44%
NOC	D	1.43%
VZ	C	1.35%
SO	D	1.35%
AJG	B	1.27%
LLY	F	1.25%
PG	A	1.23%
JNJ	D	1.18%
TRV	B	1.15%
ED	D	1.13%
MMC	B	1.11%
ABBV	D	1.04%
MRK	F	1.01%
PEP	F	1.01%
AZO	C	0.98%
GILD	C	0.94%
FCNCA	A	0.88%
LMT	D	0.82%
K	A	0.8%
WEC	A	0.78%
T	A	0.74%
TSN	B	0.71%
VRTX	F	0.69%
ACGL	D	0.68%
GIS	D	0.66%
AMGN	D	0.59%
FICO	B	0.59%
REGN	F	0.59%
KDP	D	0.59%
FANG	D	0.55%
MPC	D	0.54%
INCY	C	0.53%
AON	A	0.53%
BMY	B	0.49%
XEL	A	0.46%
NEM	D	0.46%
UBER	D	0.45%
XOM	B	0.45%
MDLZ	F	0.44%
EG	C	0.43%
ERIE	D	0.42%
VRSK	A	0.42%
CL	D	0.41%
CHD	B	0.4%
BAH	F	0.39%
AEP	D	0.39%
KHC	F	0.38%
WTW	B	0.38%
CTVA	C	0.38%
ROL	B	0.36%
AFG	A	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%
FWONK	B	0.31%
HSY	F	0.3%
L	A	0.28%
HON	B	0.25%
AEE	A	0.24%
D	C	0.23%
AZPN	A	0.23%
ALNY	D	0.22%
BMRN	D	0.22%
HRL	D	0.21%
KMB	D	0.21%
DTE	C	0.2%
PKG	A	0.2%
PFE	D	0.2%
CMS	C	0.19%
EOG	A	0.17%
LIN	D	0.16%
UTHR	C	0.14%
HIG	B	0.12%
OXY	D	0.12%
KO	D	0.1%
LNT	A	0.1%
RTX	C	0.09%
ADP	B	0.09%
OTIS	C	0.07%
TEL	B	0.07%
ATO	A	0.06%
PSX	C	0.06%
KNX	B	0.06%
VLO	C	0.05%
BR	A	0.05%
GD	F	0.05%

USMV Underweight 207 Positions Relative to GLBL

Symbol	Grade	Weight
META	D	-3.94%
GOOGL	C	-3.27%
COST	B	-1.31%
NFLX	A	-1.17%
ADBE	C	-0.75%
AMD	F	-0.69%
DIS	B	-0.58%
INTU	C	-0.58%
ISRG	A	-0.57%
GS	A	-0.56%
QCOM	F	-0.56%
TM	D	-0.55%
AXP	A	-0.54%
LOW	D	-0.51%
MS	A	-0.5%
SPGI	C	-0.48%
BLK	C	-0.48%
AMAT	F	-0.47%
UL	D	-0.44%
SYK	C	-0.41%
BSX	B	-0.4%
PANW	C	-0.38%
BX	A	-0.38%
PLTR	B	-0.38%
SCHW	B	-0.37%
LRCX	F	-0.35%
SBUX	A	-0.35%
MU	D	-0.35%
INTC	D	-0.33%
PLD	D	-0.33%
KLAC	D	-0.3%
TD	F	-0.3%
KKR	A	-0.29%
PYPL	B	-0.27%
AMT	D	-0.27%
HCA	F	-0.25%
CMG	B	-0.25%
WELL	A	-0.25%
MRVL	B	-0.23%
COF	B	-0.22%
TGT	F	-0.22%
ADSK	A	-0.22%
MCO	B	-0.22%
FTNT	C	-0.21%
EQIX	A	-0.21%
AMP	A	-0.2%
APP	B	-0.2%
COIN	C	-0.2%
MAR	B	-0.2%
ABNB	C	-0.19%
APO	B	-0.19%
HLT	A	-0.18%
TTD	B	-0.18%
BK	A	-0.18%
CNI	D	-0.18%
NXPI	D	-0.18%
DLR	B	-0.17%
SPG	B	-0.17%
PSA	D	-0.16%
O	D	-0.16%
DASH	A	-0.16%
RCL	A	-0.16%
FIS	C	-0.15%
MSTR	C	-0.15%
SQ	B	-0.14%
MPWR	F	-0.14%
MSCI	C	-0.14%
CCI	D	-0.14%
TYL	B	-0.14%
SYY	B	-0.13%
ROST	C	-0.13%
EXR	D	-0.12%
HMC	F	-0.12%
GEHC	F	-0.12%
TEAM	A	-0.12%
DDOG	A	-0.12%
SNOW	C	-0.12%
DFS	B	-0.12%
EW	C	-0.12%
IRM	D	-0.11%
MCHP	D	-0.11%
AVB	B	-0.11%
VEEV	C	-0.11%
RMD	C	-0.11%
HPQ	B	-0.11%
NDAQ	A	-0.11%
RJF	A	-0.11%
CHTR	C	-0.1%
CNC	D	-0.1%
ON	D	-0.1%
IDXX	F	-0.1%
EBAY	D	-0.1%
VICI	C	-0.1%
DXCM	D	-0.09%
TTWO	A	-0.09%
CPAY	A	-0.09%
HPE	B	-0.09%
EQR	B	-0.09%
CAH	B	-0.09%
NET	B	-0.09%
STT	A	-0.09%
ZBRA	B	-0.09%
NTRS	A	-0.08%
VTR	C	-0.08%
MAA	B	-0.08%
SYF	B	-0.08%
ZBH	C	-0.08%
ARES	A	-0.08%
DRI	B	-0.08%
ANSS	B	-0.08%
GPN	B	-0.08%
TROW	B	-0.08%
EXPE	B	-0.08%
TSCO	D	-0.07%
MANH	D	-0.07%
MDB	C	-0.07%
WBD	C	-0.07%
ESS	B	-0.07%
WY	D	-0.07%
OMC	C	-0.07%
LPLA	A	-0.07%
RBLX	C	-0.07%
CCL	B	-0.07%
PINS	D	-0.06%
FDS	B	-0.06%
DOCU	A	-0.06%
LH	C	-0.06%
LVS	C	-0.06%
GPC	D	-0.06%
EPAM	C	-0.06%
WDC	D	-0.06%
DKNG	B	-0.06%
SUI	D	-0.06%
LYV	A	-0.06%
ZM	B	-0.06%
WSM	B	-0.06%
BURL	A	-0.06%
PODD	C	-0.06%
INVH	D	-0.06%
BBY	D	-0.06%
TFX	F	-0.05%
DOC	D	-0.05%
DLTR	F	-0.05%
GLPI	C	-0.05%
DKS	C	-0.05%
PSTG	D	-0.05%
TOST	B	-0.05%
TWLO	A	-0.05%
UHS	D	-0.05%
SMCI	F	-0.05%
ENTG	D	-0.05%
ZS	C	-0.05%
TER	D	-0.05%
DT	C	-0.05%
ALGN	D	-0.05%
ARE	D	-0.05%
TRMB	B	-0.05%
SBAC	D	-0.05%
STE	F	-0.05%
KIM	A	-0.05%
HOOD	B	-0.05%
BAX	D	-0.05%
DG	F	-0.05%
ROKU	D	-0.04%
AMH	D	-0.04%
CG	A	-0.04%
LKQ	D	-0.04%
KMX	B	-0.04%
SNAP	C	-0.04%
OKTA	C	-0.04%
DVA	B	-0.04%
IOT	A	-0.04%
BXP	D	-0.04%
H	B	-0.04%
HST	C	-0.04%
WPC	D	-0.04%
SWKS	F	-0.04%
JKHY	D	-0.04%
POOL	C	-0.04%
UDR	B	-0.04%
EQH	B	-0.04%
MGM	D	-0.03%
ENPH	F	-0.03%
CRBG	B	-0.03%
CPT	B	-0.03%
JBL	B	-0.03%
MKTX	D	-0.03%
HSIC	B	-0.03%
FOXA	B	-0.03%
SOLV	C	-0.03%
NWSA	B	-0.03%
ELS	C	-0.03%
IPG	D	-0.03%
ALLY	C	-0.03%
REG	B	-0.03%
QRVO	F	-0.02%
SEIC	B	-0.02%
WYNN	D	-0.02%
BEN	C	-0.02%
FOX	A	-0.02%
PARA	C	-0.02%
WBA	F	-0.02%
AGCO	D	-0.02%
MTCH	D	-0.02%
BBWI	D	-0.02%
ACI	C	-0.02%
BSY	D	-0.02%