USMV vs. IQM ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Franklin Intelligent Machines ETF (IQM)

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

IQM

Franklin Intelligent Machines ETF

IQM Description

The investment seeks capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities of companies that are relevant to its investment theme of intelligent machines. The fund invests predominantly in common stock. Although it may invest across economic sectors, the advisor expects to have significant positions in particular sectors including technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.74

Average Daily Volume

4,362

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USMV	IQM
30 Days	1.70%	7.46%
60 Days	2.42%	9.03%
90 Days	4.02%	7.71%
12 Months	25.63%	42.26%

14 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in IQM	Overlap
AAPL	C	0.99%	4.09%	0.99%
ADI	D	0.23%	1.36%	0.23%
APH	A	1.44%	1.33%	1.33%
AVGO	D	1.19%	2.12%	1.19%
CDNS	B	0.18%	3.99%	0.18%
CRWD	B	0.19%	0.85%	0.19%
FSLR	F	0.06%	0.36%	0.06%
KEYS	A	0.55%	0.8%	0.55%
NVDA	C	0.67%	13.78%	0.67%
PTC	A	0.52%	1.31%	0.52%
ROP	B	1.3%	0.84%	0.84%
SNPS	B	0.18%	3.87%	0.18%
TXN	C	1.39%	0.7%	0.7%
UBER	D	0.45%	1.33%	0.45%

USMV Overweight 156 Positions Relative to IQM

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%
WM	A	1.44%
NOC	D	1.43%
VZ	C	1.35%
SO	D	1.35%
MCK	B	1.35%
MSFT	F	1.34%
UNH	C	1.34%
ORCL	B	1.31%
ACN	C	1.29%
AJG	B	1.27%
MCD	D	1.25%
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%
GDDY	A	1.0%
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%
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%
FANG	D	0.55%
FFIV	B	0.55%
MPC	D	0.54%
INCY	C	0.53%
AON	A	0.53%
CME	A	0.53%
ELV	F	0.52%
YUM	B	0.5%
BMY	B	0.49%
XEL	A	0.46%
NEM	D	0.46%
JNPR	F	0.45%
TJX	A	0.45%
XOM	B	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%
CTVA	C	0.38%
ROL	B	0.36%
IT	C	0.35%
AFG	A	0.35%
GEN	B	0.35%
CDW	F	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%
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%
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%
PKG	A	0.2%
PFE	D	0.2%
DPZ	C	0.19%
CMS	C	0.19%
MELI	D	0.18%
MOH	F	0.18%
EOG	A	0.17%
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%
OXY	D	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%
PSX	C	0.06%
KNX	B	0.06%
VLO	C	0.05%
BR	A	0.05%
CRM	B	0.05%
GD	F	0.05%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 35 Positions Relative to IQM

Symbol	Grade	Weight
ISRG	A	-5.7%
AXON	A	-5.49%
TSLA	B	-4.19%
TSM	B	-4.05%
ASML	F	-2.85%
PWR	A	-2.63%
AMAT	F	-2.49%
AMD	F	-2.09%
ADSK	A	-1.94%
TER	D	-1.45%
KLAC	D	-1.31%
VMI	B	-1.2%
ALTR	B	-1.2%
LRCX	F	-1.19%
GEV	B	-1.16%
VRT	B	-1.1%
ETN	A	-1.04%
ZBRA	B	-1.02%
AVAV	D	-1.0%
PRCT	B	-0.71%
IDXX	F	-0.71%
ENTG	D	-0.65%
BKR	B	-0.55%
IOT	A	-0.53%
TRMB	B	-0.48%
NXPI	D	-0.45%
BSY	D	-0.39%
PSTG	D	-0.35%
PLTR	B	-0.33%
SITM	B	-0.31%
MCHP	D	-0.3%
FTI	A	-0.26%
OII	B	-0.26%
ALGN	D	-0.22%
MPWR	F	-0.19%

IQM: Top Represented Industries & Keywords

Industries: Semiconductors Semiconductor Equipment & Materials Software - Application Software - Infrastructure Oil & Gas Equipment & Services Aerospace & Defense Diversified Industrials Medical Devices Scientific & Technical Instruments Auto Manufacturers Conglomerates Consumer Electronics Data Storage Diagnostics & Research Electronic Components Engineering & Construction Medical Instruments & Supplies Metal Fabrication Solar Specialty Industrial Machinery