USMV vs. GNR ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to SPDR S&P Global Natural Resources ETF (GNR)

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

GNR

SPDR S&P Global Natural Resources ETF

GNR Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a replication strategy in seeking to track the performance of the S&P Global Natural Resources Index. It typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. The index is comprised of 90 of the largest U.S. and foreign publicly traded companies, based on market capitalization, in natural resources and commodities businesses that meet certain investability requirements.

Grade (RS Rating)

Last Trade

$55.14

Average Daily Volume

303,978

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USMV	GNR
30 Days	1.70%	-2.18%
60 Days	2.42%	-1.94%
90 Days	4.02%	-2.55%
12 Months	25.63%	3.25%

11 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in GNR	Overlap
CTVA	C	0.38%	2.09%	0.38%
CVX	A	0.34%	2.71%	0.34%
EOG	A	0.17%	0.76%	0.17%
FANG	D	0.55%	0.32%	0.32%
MPC	D	0.54%	0.54%	0.54%
NEM	D	0.46%	1.94%	0.46%
OXY	D	0.12%	0.33%	0.12%
PKG	A	0.2%	1.1%	0.2%
PSX	C	0.06%	0.54%	0.06%
VLO	C	0.05%	0.45%	0.05%
XOM	B	0.45%	5.29%	0.45%

USMV Overweight 159 Positions Relative to GNR

Symbol	Grade	Weight
TMUS	B	1.95%
MSI	B	1.81%
WMT	A	1.78%
PGR	A	1.67%
IBM	C	1.66%
WCN	A	1.56%
RSG	A	1.55%
BRK.A	B	1.55%
DUK	C	1.49%
CSCO	B	1.47%
CB	C	1.47%
APH	A	1.44%
WM	A	1.44%
NOC	D	1.43%
TXN	C	1.39%
VZ	C	1.35%
SO	D	1.35%
MCK	B	1.35%
MSFT	F	1.34%
UNH	C	1.34%
ORCL	B	1.31%
ROP	B	1.3%
ACN	C	1.29%
AJG	B	1.27%
MCD	D	1.25%
LLY	F	1.25%
PG	A	1.23%
AVGO	D	1.19%
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%
GDDY	A	1.0%
AAPL	C	0.99%
AZO	C	0.98%
GILD	C	0.94%
V	A	0.9%
EA	A	0.89%
FCNCA	A	0.88%
CBOE	B	0.85%
LMT	D	0.82%
K	A	0.8%
WEC	A	0.78%
CTSH	B	0.76%
NOW	A	0.75%
T	A	0.74%
TSN	B	0.71%
MA	C	0.7%
VRTX	F	0.69%
FI	A	0.69%
ORLY	B	0.68%
ACGL	D	0.68%
COR	B	0.67%
NVDA	C	0.67%
GIS	D	0.66%
VRSN	F	0.64%
KR	B	0.61%
AMGN	D	0.59%
FICO	B	0.59%
REGN	F	0.59%
KDP	D	0.59%
TDY	B	0.57%
BDX	F	0.56%
KEYS	A	0.55%
FFIV	B	0.55%
INCY	C	0.53%
AON	A	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%
UBER	D	0.45%
JNPR	F	0.45%
TJX	A	0.45%
MDLZ	F	0.44%
WDAY	B	0.43%
EG	C	0.43%
ERIE	D	0.42%
VRSK	A	0.42%
CL	D	0.41%
CHD	B	0.4%
HUM	C	0.4%
BAH	F	0.39%
CMCSA	B	0.39%
AEP	D	0.39%
AKAM	D	0.39%
KHC	F	0.38%
WTW	B	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%
HD	A	0.3%
ANET	C	0.29%
ICE	C	0.28%
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%
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%
PFE	D	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%
HOLX	D	0.16%
LIN	D	0.16%
STX	D	0.16%
GOOG	C	0.16%
UTHR	C	0.14%
AMZN	C	0.14%
MDT	D	0.13%
DELL	C	0.12%
HIG	B	0.12%
DGX	A	0.11%
KO	D	0.1%
LNT	A	0.1%
RTX	C	0.09%
ADP	B	0.09%
ABT	B	0.09%
OTIS	C	0.07%
TEL	B	0.07%
ATO	A	0.06%
FSLR	F	0.06%
KNX	B	0.06%
BR	A	0.05%
CRM	B	0.05%
GD	F	0.05%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 38 Positions Relative to GNR

Symbol	Grade	Weight
FCX	D	-2.68%
VALE	F	-1.54%
NUE	C	-1.51%
SUZ	C	-1.44%
SW	A	-1.37%
ADM	D	-1.36%
COP	C	-1.29%
WY	D	-1.17%
IP	B	-1.03%
WFG	D	-1.0%
STLD	B	-0.88%
AVY	D	-0.84%
CF	B	-0.82%
E	F	-0.78%
RS	B	-0.77%
AMCR	D	-0.77%
PKX	F	-0.67%
BG	F	-0.65%
SLB	C	-0.61%
PBR	C	-0.58%
GFI	D	-0.53%
INGR	B	-0.51%
MT	B	-0.49%
GPK	C	-0.45%
MOS	F	-0.44%
BKR	B	-0.42%
HES	B	-0.39%
SCCO	F	-0.38%
LPX	B	-0.37%
FMC	D	-0.36%
DAR	C	-0.34%
SEE	C	-0.27%
HAL	C	-0.26%
GOLD	D	-0.26%
DVN	F	-0.24%
CTRA	B	-0.18%
SMG	D	-0.16%
EC	D	-0.04%