USMV vs. PFIX ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Simplify Interest Rate Hedge ETF (PFIX)

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

$91.07

Average Daily Volume

2,239,373

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

PFIX

Simplify Interest Rate Hedge ETF

PFIX Description

The investment seeks to track the performance, before fees and expenses, of the SoFi Sustainable Dividend Index. The index follows a rules-based methodology that tracks the performance of the equity securities of publicly-traded, large- and mid-capitalization U.S. and non-U.S. companies in developed markets that are selected based on a set of dividend filters focused on dividend sustainability. The adviser attempts to invest all, or substantially all, of its assets in the component securities that make up the index. The fund will invest at least 80% its net assets in dividend paying securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$41.70

Average Daily Volume

48,713

Number of Holdings ^*

107

* may have additional holdings in another (foreign) market

Performance

Period	USMV	PFIX
30 Days	1.20%	0.75%
60 Days	5.77%	-12.28%
90 Days	9.04%	-12.53%
12 Months	27.40%	-16.14%

37 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in PFIX	Overlap
ADP	C	0.08%	0.79%	0.08%
AEE	B	0.23%	0.14%	0.14%
AEP	C	0.41%	0.31%	0.31%
ATO	B	0.05%	0.11%	0.05%
AVGO	C	1.26%	3.86%	1.26%
CMCSA	C	0.38%	1.29%	0.38%
CMS	B	0.2%	0.12%	0.12%
CPB	C	0.38%	0.06%	0.06%
CSCO	B	1.35%	1.48%	1.35%
CVS	D	0.05%	0.76%	0.05%
CVX	F	0.31%	2.06%	0.31%
DTE	A	0.2%	0.17%	0.17%
EG	B	0.45%	0.09%	0.09%
FANG	F	0.57%	0.23%	0.23%
GD	C	0.06%	0.46%	0.06%
GILD	B	0.9%	0.66%	0.66%
GIS	B	0.77%	0.28%	0.28%
GRMN	D	0.28%	0.13%	0.13%
HSY	D	0.34%	0.22%	0.22%
JNJ	C	1.26%	2.83%	1.26%
KR	B	0.59%	0.26%	0.26%
LMT	A	0.9%	0.82%	0.82%
LNT	A	0.1%	0.08%	0.08%
MDLZ	C	0.51%	0.76%	0.51%
MMC	C	1.12%	0.75%	0.75%
PG	C	1.25%	2.82%	1.25%
PKG	B	0.18%	0.1%	0.1%
PSX	F	0.06%	0.45%	0.06%
RSG	D	1.5%	0.28%	0.28%
SO	B	1.38%	0.55%	0.55%
TRV	C	1.05%	0.38%	0.38%
TXN	B	1.42%	1.13%	1.13%
VLO	F	0.05%	0.36%	0.05%
VZ	A	1.44%	1.26%	1.26%
WEC	B	0.74%	0.18%	0.18%
XEL	B	0.43%	0.25%	0.25%
XOM	D	0.45%	3.19%	0.45%

USMV Overweight 133 Positions Relative to PFIX

Symbol	Grade	Weight
IBM	B	1.75%
TMUS	B	1.69%
PGR	C	1.68%
MSI	B	1.67%
WMT	B	1.66%
LLY	D	1.58%
NOC	B	1.54%
DUK	B	1.53%
BRK.A	C	1.51%
CB	B	1.5%
WCN	D	1.49%
MSFT	C	1.38%
WM	D	1.37%
UNH	C	1.34%
APH	C	1.34%
ROP	C	1.31%
MCD	B	1.29%
ACN	C	1.24%
MRK	F	1.21%
ABBV	B	1.21%
AJG	D	1.21%
ED	B	1.2%
ORCL	B	1.15%
PEP	D	1.1%
MCK	F	1.06%
AAPL	C	0.99%
AZO	B	0.96%
CBOE	C	0.86%
GDDY	C	0.84%
REGN	D	0.83%
K	A	0.81%
ACGL	B	0.81%
V	C	0.78%
CTSH	B	0.76%
EA	D	0.76%
FCNCA	D	0.74%
T	B	0.71%
VRTX	D	0.71%
KDP	B	0.71%
AMGN	D	0.7%
ELV	D	0.69%
NOW	C	0.68%
TSN	D	0.68%
MA	B	0.66%
VRSN	C	0.66%
ORLY	B	0.64%
COR	F	0.62%
BDX	D	0.6%
NEM	C	0.6%
FI	B	0.57%
KEYS	B	0.56%
MPC	F	0.56%
NVDA	C	0.55%
ERIE	B	0.54%
TDY	B	0.53%
FFIV	B	0.52%
CME	B	0.51%
YUM	B	0.51%
JNPR	A	0.5%
FICO	B	0.5%
UBER	C	0.5%
PTC	C	0.49%
AON	B	0.49%
INCY	C	0.48%
CDW	D	0.46%
CL	C	0.46%
AKAM	D	0.46%
BAH	B	0.45%
HUM	F	0.45%
TJX	C	0.44%
KHC	C	0.43%
BMY	C	0.43%
WDAY	D	0.41%
VRSK	D	0.4%
CHD	C	0.37%
ROL	C	0.37%
CTVA	B	0.37%
WTW	B	0.35%
IT	C	0.34%
AFG	C	0.34%
GEN	A	0.33%
NBIX	F	0.32%
MKL	C	0.32%
GLW	B	0.3%
FWONK	C	0.3%
ICE	C	0.29%
AIZ	B	0.29%
WRB	D	0.29%
HD	B	0.29%
ANET	C	0.29%
L	D	0.27%
ADI	C	0.25%
BMRN	F	0.25%
ALNY	C	0.25%
WMB	C	0.24%
PFE	D	0.24%
D	C	0.23%
CI	C	0.23%
HRL	F	0.22%
KMB	C	0.22%
NTAP	D	0.22%
MOH	D	0.22%
AZPN	B	0.22%
HON	C	0.22%
MELI	C	0.2%
HUBS	D	0.19%
LIN	B	0.18%
TW	B	0.18%
STX	B	0.18%
DPZ	D	0.18%
HOLX	D	0.17%
SNPS	F	0.17%
CRWD	D	0.16%
CDNS	D	0.16%
EOG	D	0.16%
GOOG	D	0.15%
UTHR	B	0.14%
MDT	B	0.14%
AMZN	C	0.13%
OXY	F	0.13%
HIG	B	0.12%
KO	B	0.11%
DELL	C	0.1%
DGX	B	0.1%
RTX	B	0.09%
ABT	C	0.09%
FSLR	C	0.08%
TEL	D	0.07%
KNX	C	0.06%
OTIS	B	0.06%
BR	C	0.05%
ULTA	D	0.05%
CRM	C	0.04%

USMV Underweight 70 Positions Relative to PFIX

Symbol	Grade	Weight
JPM	D	-3.9%
TM	D	-1.97%
BAC	D	-1.73%
NVS	C	-1.56%
QCOM	D	-1.27%
COP	F	-1.01%
PLD	C	-0.91%
BLK	B	-0.87%
TD	C	-0.83%
ETN	C	-0.82%
MS	B	-0.81%
UPS	D	-0.81%
C	C	-0.77%
USB	C	-0.45%
HMC	D	-0.45%
STLA	F	-0.43%
PNC	C	-0.43%
NSC	C	-0.42%
PCAR	D	-0.42%
APD	B	-0.37%
AIG	D	-0.34%
SRE	B	-0.33%
NUE	D	-0.32%
MET	B	-0.32%
OKE	C	-0.31%
PAYX	C	-0.3%
BK	B	-0.29%
JCI	B	-0.29%
LHX	C	-0.29%
CMI	B	-0.28%
EXC	B	-0.27%
E	D	-0.26%
PEG	B	-0.23%
DFS	C	-0.22%
ADM	D	-0.22%
VICI	C	-0.22%
BCS	B	-0.22%
AVB	C	-0.19%
EIX	B	-0.19%
TROW	C	-0.17%
STT	B	-0.16%
FITB	B	-0.16%
ES	B	-0.15%
MTB	C	-0.15%
PFG	B	-0.14%
GPC	D	-0.14%
DRI	C	-0.14%
ETR	A	-0.14%
HBAN	B	-0.13%
OMC	B	-0.13%
HPE	C	-0.13%
RF	B	-0.12%
SWKS	F	-0.12%
SYF	C	-0.12%
HST	D	-0.11%
NTRS	C	-0.11%
VTRS	D	-0.11%
CINF	C	-0.11%
FNF	B	-0.1%
SNA	B	-0.1%
CCEP	C	-0.1%
BBY	A	-0.1%
IP	C	-0.09%
AMCR	B	-0.09%
CAG	B	-0.09%
NI	B	-0.08%
MOS	F	-0.07%
EVRG	B	-0.07%
CHRW	B	-0.06%
FRO	D	-0.02%