USMV vs. PHDG ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

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

$91.10

Average Daily Volume

2,232,096

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

PHDG

PowerShares S&P 500 Downside Hedged Portfolio

PHDG Description

The PowerShares S&P 500® Downside Hedged Portfolio (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500® Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

Grade (RS Rating)

Last Trade

$38.03

Average Daily Volume

13,932

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	USMV	PHDG
30 Days	0.70%	2.26%
60 Days	7.72%	-2.53%
90 Days	8.91%	0.76%
12 Months	29.23%	25.03%

154 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in PHDG	Overlap
AAPL	C	0.98%	3.97%	0.98%
ABBV	C	1.23%	0.39%	0.39%
ABT	C	0.09%	0.23%	0.09%
ACGL	A	0.81%	0.05%	0.05%
ACN	B	1.28%	0.25%	0.25%
ADI	B	0.24%	0.13%	0.13%
ADP	A	0.08%	0.13%	0.08%
AEE	A	0.23%	0.03%	0.03%
AEP	C	0.41%	0.06%	0.06%
AIZ	B	0.29%	0.01%	0.01%
AJG	C	1.24%	0.07%	0.07%
AKAM	D	0.45%	0.02%	0.02%
AMGN	D	0.68%	0.2%	0.2%
AMZN	C	0.12%	2.01%	0.12%
ANET	A	0.29%	0.11%	0.11%
AON	A	0.49%	0.09%	0.09%
APH	D	1.29%	0.09%	0.09%
ATO	A	0.05%	0.02%	0.02%
AVGO	B	1.2%	0.92%	0.92%
AZO	D	1.0%	0.06%	0.06%
BDX	C	0.61%	0.08%	0.08%
BMY	A	0.44%	0.12%	0.12%
BR	B	0.05%	0.03%	0.03%
BRK.A	B	1.52%	0.96%	0.96%
CB	A	1.51%	0.12%	0.12%
CBOE	B	0.87%	0.02%	0.02%
CDNS	D	0.16%	0.09%	0.09%
CDW	D	0.44%	0.04%	0.04%
CHD	D	0.37%	0.03%	0.03%
CI	D	0.22%	0.11%	0.11%
CL	D	0.45%	0.1%	0.1%
CMCSA	B	0.38%	0.18%	0.18%
CME	A	0.53%	0.09%	0.09%
CMS	A	0.2%	0.02%	0.02%
COR	F	0.62%	0.04%	0.04%
CPB	D	0.37%	0.01%	0.01%
CRM	B	0.04%	0.31%	0.04%
CRWD	D	0.15%	0.08%	0.08%
CSCO	A	1.36%	0.24%	0.24%
CTSH	B	0.76%	0.04%	0.04%
CTVA	A	0.37%	0.05%	0.05%
CVS	D	0.05%	0.09%	0.05%
CVX	B	0.32%	0.28%	0.28%
D	A	0.23%	0.06%	0.06%
DELL	C	0.1%	0.04%	0.04%
DGX	D	0.1%	0.02%	0.02%
DPZ	D	0.18%	0.02%	0.02%
DTE	B	0.21%	0.03%	0.03%
DUK	C	1.53%	0.1%	0.1%
EA	D	0.76%	0.04%	0.04%
ED	C	1.23%	0.04%	0.04%
EG	A	0.46%	0.02%	0.02%
ELV	F	0.67%	0.14%	0.14%
EOG	B	0.16%	0.08%	0.08%
ERIE	A	0.54%	0.02%	0.02%
FANG	D	0.54%	0.04%	0.04%
FFIV	B	0.51%	0.01%	0.01%
FI	A	0.59%	0.12%	0.12%
FICO	C	0.5%	0.05%	0.05%
FSLR	C	0.08%	0.03%	0.03%
GD	C	0.06%	0.09%	0.06%
GDDY	B	0.82%	0.03%	0.03%
GEN	A	0.33%	0.02%	0.02%
GILD	A	0.9%	0.12%	0.12%
GIS	C	0.78%	0.05%	0.05%
GLW	C	0.3%	0.04%	0.04%
GOOG	B	0.15%	0.91%	0.15%
GRMN	D	0.27%	0.03%	0.03%
HD	A	0.3%	0.45%	0.3%
HIG	A	0.12%	0.04%	0.04%
HOLX	D	0.17%	0.02%	0.02%
HON	C	0.22%	0.16%	0.16%
HRL	F	0.22%	0.01%	0.01%
HSY	D	0.33%	0.03%	0.03%
HUM	F	0.4%	0.04%	0.04%
IBM	A	1.74%	0.23%	0.23%
ICE	A	0.29%	0.1%	0.1%
INCY	B	0.51%	0.01%	0.01%
IT	A	0.34%	0.05%	0.05%
JNJ	D	1.25%	0.44%	0.44%
JNPR	C	0.5%	0.01%	0.01%
K	B	0.81%	0.02%	0.02%
KDP	C	0.7%	0.04%	0.04%
KEYS	B	0.56%	0.03%	0.03%
KHC	F	0.43%	0.04%	0.04%
KMB	D	0.22%	0.06%	0.06%
KO	C	0.11%	0.32%	0.11%
KR	C	0.59%	0.04%	0.04%
L	C	0.27%	0.02%	0.02%
LIN	C	0.17%	0.26%	0.17%
LLY	D	1.51%	0.79%	0.79%
LMT	A	0.94%	0.14%	0.14%
LNT	B	0.1%	0.02%	0.02%
MA	A	0.67%	0.47%	0.47%
MCD	A	1.3%	0.25%	0.25%
MCK	F	1.1%	0.07%	0.07%
MDLZ	D	0.5%	0.11%	0.11%
MDT	C	0.14%	0.13%	0.13%
MMC	D	1.12%	0.13%	0.13%
MOH	F	0.22%	0.02%	0.02%
MPC	D	0.57%	0.06%	0.06%
MRK	F	1.21%	0.33%	0.33%
MSFT	D	1.35%	3.65%	1.35%
MSI	A	1.67%	0.09%	0.09%
NEM	C	0.58%	0.07%	0.07%
NOC	B	1.58%	0.08%	0.08%
NOW	B	0.64%	0.21%	0.21%
NTAP	D	0.22%	0.03%	0.03%
NVDA	B	0.53%	3.42%	0.53%
ORCL	A	1.16%	0.31%	0.31%
ORLY	A	0.65%	0.08%	0.08%
OTIS	A	0.07%	0.05%	0.05%
OXY	D	0.13%	0.04%	0.04%
PEP	F	1.11%	0.27%	0.27%
PFE	D	0.23%	0.19%	0.19%
PG	D	1.25%	0.47%	0.47%
PGR	B	1.67%	0.17%	0.17%
PKG	B	0.18%	0.02%	0.02%
PSX	D	0.06%	0.06%	0.06%
PTC	B	0.48%	0.03%	0.03%
REGN	D	0.83%	0.13%	0.13%
ROL	C	0.37%	0.02%	0.02%
ROP	D	1.3%	0.07%	0.07%
RSG	D	1.48%	0.05%	0.05%
RTX	A	0.09%	0.18%	0.09%
SNPS	F	0.17%	0.09%	0.09%
SO	A	1.39%	0.11%	0.11%
STX	C	0.18%	0.02%	0.02%
T	B	0.73%	0.18%	0.18%
TDY	A	0.54%	0.02%	0.02%
TEL	D	0.07%	0.05%	0.05%
TJX	D	0.44%	0.15%	0.15%
TMUS	A	1.72%	0.11%	0.11%
TRV	B	1.04%	0.06%	0.06%
TSN	D	0.67%	0.02%	0.02%
TXN	C	1.39%	0.22%	0.22%
UBER	C	0.48%	0.18%	0.18%
ULTA	D	0.05%	0.02%	0.02%
UNH	B	1.36%	0.61%	0.61%
V	B	0.8%	0.53%	0.53%
VLO	F	0.05%	0.05%	0.05%
VRSK	D	0.4%	0.04%	0.04%
VRSN	C	0.67%	0.02%	0.02%
VRTX	D	0.72%	0.14%	0.14%
VZ	C	1.46%	0.22%	0.22%
WEC	B	0.76%	0.03%	0.03%
WM	B	1.37%	0.09%	0.09%
WMB	A	0.24%	0.06%	0.06%
WMT	A	1.67%	0.4%	0.4%
WRB	C	0.29%	0.02%	0.02%
WTW	C	0.37%	0.03%	0.03%
XEL	C	0.43%	0.04%	0.04%
XOM	A	0.46%	0.59%	0.46%
YUM	C	0.53%	0.05%	0.05%

USMV Overweight 16 Positions Relative to PHDG

Symbol	Grade	Weight
WCN	D	1.48%
FCNCA	D	0.73%
BAH	C	0.46%
WDAY	D	0.4%
AFG	A	0.34%
MKL	B	0.32%
NBIX	F	0.31%
FWONK	D	0.3%
BMRN	F	0.25%
ALNY	C	0.25%
AZPN	A	0.22%
HUBS	D	0.19%
MELI	D	0.19%
TW	A	0.18%
UTHR	C	0.14%
KNX	D	0.06%

USMV Underweight 346 Positions Relative to PHDG

Symbol	Grade	Weight
META	A	-1.42%
GOOGL	B	-1.1%
TSLA	C	-0.83%
JPM	C	-0.68%
COST	C	-0.45%
NFLX	A	-0.35%
AMD	C	-0.31%
BAC	B	-0.3%
TMO	D	-0.27%
ADBE	F	-0.26%
GE	B	-0.23%
PM	D	-0.22%
QCOM	D	-0.22%
CAT	A	-0.22%
WFC	B	-0.22%
ISRG	C	-0.2%
INTU	F	-0.2%
DIS	D	-0.2%
NEE	C	-0.2%
DHR	D	-0.2%
SPGI	C	-0.19%
AMAT	C	-0.19%
GS	B	-0.18%
UNP	F	-0.17%
LOW	C	-0.17%
AXP	A	-0.17%
BKNG	B	-0.16%
MS	A	-0.15%
ETN	B	-0.15%
BLK	A	-0.15%
C	B	-0.14%
MU	D	-0.14%
COP	D	-0.14%
SYK	C	-0.14%
BSX	A	-0.14%
SBUX	B	-0.13%
BX	C	-0.13%
PLD	D	-0.13%
INTC	D	-0.12%
KLAC	B	-0.12%
DE	C	-0.12%
NKE	D	-0.12%
AMT	D	-0.12%
LRCX	D	-0.12%
PANW	B	-0.12%
SCHW	D	-0.11%
UPS	D	-0.11%
EQIX	C	-0.1%
TT	A	-0.1%
MO	D	-0.1%
ZTS	C	-0.1%
KKR	A	-0.1%
SHW	C	-0.1%
BA	F	-0.1%
MCO	D	-0.09%
HCA	C	-0.09%
MMM	C	-0.09%
TDG	A	-0.09%
CMG	C	-0.09%
PYPL	A	-0.09%
CEG	A	-0.09%
PH	A	-0.09%
APD	C	-0.08%
CARR	A	-0.08%
CSX	D	-0.08%
GEV	A	-0.08%
CTAS	C	-0.08%
USB	C	-0.08%
ITW	C	-0.08%
TGT	C	-0.08%
PNC	C	-0.08%
WELL	C	-0.08%
PLTR	A	-0.08%
FCX	B	-0.08%
PSA	C	-0.07%
ABNB	D	-0.07%
TFC	D	-0.07%
COF	A	-0.07%
ADSK	B	-0.07%
HLT	A	-0.07%
MAR	A	-0.07%
SLB	D	-0.07%
FDX	F	-0.07%
EMR	B	-0.07%
NXPI	F	-0.07%
ECL	C	-0.07%
FTNT	A	-0.06%
DLR	C	-0.06%
MET	A	-0.06%
ALL	A	-0.06%
CCI	D	-0.06%
ROST	D	-0.06%
SPG	A	-0.06%
PCAR	D	-0.06%
JCI	C	-0.06%
OKE	A	-0.06%
SRE	C	-0.06%
GM	D	-0.06%
BK	A	-0.06%
URI	C	-0.06%
O	C	-0.06%
AFL	A	-0.06%
NSC	C	-0.06%
DHI	C	-0.06%
IR	A	-0.05%
CNC	F	-0.05%
AME	C	-0.05%
EW	F	-0.05%
STZ	D	-0.05%
IQV	F	-0.05%
EXC	C	-0.05%
FAST	C	-0.05%
RCL	B	-0.05%
KMI	A	-0.05%
IDXX	D	-0.05%
F	D	-0.05%
PCG	C	-0.05%
PAYX	B	-0.05%
PRU	B	-0.05%
A	B	-0.05%
PWR	A	-0.05%
MCHP	F	-0.05%
PEG	A	-0.05%
LHX	A	-0.05%
KVUE	C	-0.05%
CMI	A	-0.05%
MPWR	B	-0.05%
GWW	B	-0.05%
CPRT	B	-0.05%
MSCI	B	-0.05%
LEN	C	-0.05%
FIS	A	-0.05%
AMP	A	-0.05%
AIG	C	-0.05%
CSGP	F	-0.04%
TSCO	A	-0.04%
ROK	D	-0.04%
EBAY	A	-0.04%
PPG	D	-0.04%
MTD	C	-0.04%
AVB	C	-0.04%
ON	F	-0.04%
CHTR	D	-0.04%
LULU	D	-0.04%
WAB	A	-0.04%
TRGP	A	-0.04%
XYL	C	-0.04%
VMC	D	-0.04%
MLM	F	-0.04%
DAL	C	-0.04%
EIX	C	-0.04%
IRM	B	-0.04%
HPQ	B	-0.04%
VICI	C	-0.04%
DFS	A	-0.04%
RMD	C	-0.04%
EFX	D	-0.04%
NUE	D	-0.04%
BKR	B	-0.04%
ODFL	F	-0.04%
HES	D	-0.04%
CBRE	C	-0.04%
MNST	D	-0.04%
DD	C	-0.04%
EXR	D	-0.04%
HWM	A	-0.04%
VST	A	-0.04%
SYY	D	-0.04%
DOW	B	-0.04%
GEHC	C	-0.04%
CPAY	A	-0.03%
MRNA	F	-0.03%
ZBH	F	-0.03%
BLDR	C	-0.03%
WDC	C	-0.03%
WST	D	-0.03%
FE	C	-0.03%
RJF	B	-0.03%
HUBB	A	-0.03%
EL	D	-0.03%
STE	D	-0.03%
ES	D	-0.03%
PPL	C	-0.03%
BRO	A	-0.03%
TTWO	D	-0.03%
TROW	D	-0.03%
SW	C	-0.03%
WY	C	-0.03%
DECK	B	-0.03%
DVN	F	-0.03%
TYL	D	-0.03%
LYB	B	-0.03%
HAL	D	-0.03%
EQR	C	-0.03%
SBAC	C	-0.03%
GPN	F	-0.03%
VTR	C	-0.03%
HPE	B	-0.03%
DOV	C	-0.03%
STT	A	-0.03%
DXCM	F	-0.03%
CAH	B	-0.03%
IFF	D	-0.03%
VLTO	A	-0.03%
FTV	C	-0.03%
AXON	A	-0.03%
ETR	A	-0.03%
AWK	D	-0.03%
ANSS	D	-0.03%
BIIB	F	-0.03%
NVR	C	-0.03%
MTB	A	-0.03%
FITB	C	-0.03%
ADM	F	-0.03%
NDAQ	C	-0.03%
PHM	C	-0.03%
CPT	C	-0.02%
EMN	C	-0.02%
UDR	C	-0.02%
UHS	D	-0.02%
VTRS	D	-0.02%
BG	F	-0.02%
JBHT	D	-0.02%
CE	D	-0.02%
NDSN	C	-0.02%
EVRG	C	-0.02%
AES	C	-0.02%
POOL	D	-0.02%
JBL	C	-0.02%
MRO	B	-0.02%
TRMB	B	-0.02%
DLTR	F	-0.02%
SNA	C	-0.02%
KIM	C	-0.02%
NI	A	-0.02%
LYV	A	-0.02%
CAG	D	-0.02%
RVTY	C	-0.02%
KEY	B	-0.02%
ENPH	F	-0.02%
CF	A	-0.02%
SWKS	F	-0.02%
DOC	C	-0.02%
PNR	C	-0.02%
IEX	D	-0.02%
PODD	C	-0.02%
AMCR	C	-0.02%
TXT	F	-0.02%
SWK	C	-0.02%
IP	C	-0.02%
FDS	C	-0.02%
CTRA	D	-0.02%
LUV	B	-0.02%
ALGN	D	-0.02%
AVY	D	-0.02%
EXPD	D	-0.02%
MAS	C	-0.02%
NTRS	B	-0.02%
MAA	D	-0.02%
CFG	C	-0.02%
PFG	A	-0.02%
CNP	B	-0.02%
STLD	C	-0.02%
LVS	B	-0.02%
WBD	F	-0.02%
CCL	C	-0.02%
EXPE	B	-0.02%
ESS	D	-0.02%
ZBRA	B	-0.02%
ARE	D	-0.02%
NRG	A	-0.02%
UAL	A	-0.02%
DG	F	-0.02%
J	F	-0.02%
GPC	D	-0.02%
BBY	C	-0.02%
BAX	D	-0.02%
DRI	C	-0.02%
SYF	A	-0.02%
OMC	C	-0.02%
INVH	D	-0.02%
APTV	D	-0.02%
CLX	C	-0.02%
BALL	C	-0.02%
MKC	C	-0.02%
TER	C	-0.02%
RF	B	-0.02%
WAT	B	-0.02%
SMCI	F	-0.02%
HBAN	B	-0.02%
CINF	A	-0.02%
LDOS	A	-0.02%
EQT	C	-0.02%
FOX	B	-0.01%
PARA	F	-0.01%
BEN	F	-0.01%
WBA	F	-0.01%
BBWI	F	-0.01%
RL	B	-0.01%
IVZ	A	-0.01%
PAYC	D	-0.01%
FMC	C	-0.01%
BWA	C	-0.01%
MHK	C	-0.01%
DVA	C	-0.01%
FRT	D	-0.01%
MOS	F	-0.01%
GL	C	-0.01%
APA	F	-0.01%
NCLH	C	-0.01%
CZR	B	-0.01%
WYNN	B	-0.01%
SOLV	C	-0.01%
HSIC	D	-0.01%
GNRC	B	-0.01%
HAS	A	-0.01%
DAY	C	-0.01%
LW	D	-0.01%
MKTX	B	-0.01%
FOXA	B	-0.01%
MGM	D	-0.01%
QRVO	F	-0.01%
PNW	C	-0.01%
MTCH	B	-0.01%
NWSA	D	-0.01%
CRL	F	-0.01%
HII	F	-0.01%
TAP	D	-0.01%
LKQ	F	-0.01%
CTLT	A	-0.01%
AOS	C	-0.01%
TPR	B	-0.01%
ALB	D	-0.01%
EPAM	F	-0.01%
BXP	B	-0.01%
TFX	C	-0.01%
REG	C	-0.01%
IPG	D	-0.01%
KMX	F	-0.01%
TECH	D	-0.01%
ALLE	A	-0.01%
CHRW	C	-0.01%
HST	D	-0.01%
JKHY	A	-0.01%
SJM	D	-0.01%
NWS	D	-0.0%