USMV vs. QQEW ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW)

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

$91.15

Average Daily Volume

2,261,365

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

QQEW

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Equal Weighted Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The NASDAQ-100 Equal Weighted Index(SM) is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$124.09

Average Daily Volume

67,954

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	USMV	QQEW
30 Days	0.26%	-0.12%
60 Days	5.37%	6.12%
90 Days	9.17%	-0.06%
12 Months	29.05%	20.12%

36 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in QQEW	Overlap
AAPL	C	0.99%	0.98%	0.98%
ADI	C	0.25%	1.01%	0.25%
ADP	A	0.08%	0.98%	0.08%
AEP	B	0.41%	0.97%	0.41%
AMGN	D	0.7%	0.93%	0.7%
AMZN	C	0.13%	0.98%	0.13%
AVGO	C	1.26%	1.03%	1.03%
CDNS	D	0.16%	0.99%	0.16%
CDW	D	0.46%	1.0%	0.46%
CMCSA	B	0.38%	1.01%	0.38%
CRWD	D	0.16%	0.93%	0.16%
CSCO	A	1.35%	1.0%	1.0%
CTSH	C	0.76%	1.01%	0.76%
EA	D	0.76%	1.02%	0.76%
FANG	F	0.57%	0.92%	0.57%
GILD	A	0.9%	0.98%	0.9%
GOOG	C	0.15%	0.49%	0.15%
HON	B	0.22%	1.0%	0.22%
KDP	C	0.71%	0.99%	0.71%
KHC	B	0.43%	0.98%	0.43%
LIN	B	0.18%	1.01%	0.18%
MDLZ	C	0.51%	0.99%	0.51%
MELI	C	0.2%	0.99%	0.2%
MSFT	C	1.38%	0.98%	0.98%
NVDA	C	0.55%	1.05%	0.55%
ORLY	A	0.64%	1.03%	0.64%
PEP	D	1.1%	0.98%	0.98%
REGN	D	0.83%	0.9%	0.83%
ROP	C	1.31%	0.98%	0.98%
SNPS	F	0.17%	1.0%	0.17%
TMUS	A	1.69%	1.01%	1.01%
TXN	C	1.42%	1.02%	1.02%
VRSK	D	0.4%	0.99%	0.4%
VRTX	D	0.71%	0.98%	0.71%
WDAY	D	0.41%	0.98%	0.41%
XEL	A	0.43%	0.98%	0.43%

USMV Overweight 134 Positions Relative to QQEW

Symbol	Grade	Weight
IBM	C	1.75%
PGR	C	1.68%
MSI	A	1.67%
WMT	A	1.66%
LLY	D	1.58%
NOC	B	1.54%
DUK	B	1.53%
BRK.A	C	1.51%
RSG	D	1.5%
CB	A	1.5%
WCN	D	1.49%
VZ	A	1.44%
SO	A	1.38%
WM	D	1.37%
UNH	B	1.34%
APH	D	1.34%
MCD	A	1.29%
JNJ	C	1.26%
PG	C	1.25%
ACN	B	1.24%
MRK	F	1.21%
ABBV	A	1.21%
AJG	D	1.21%
ED	A	1.2%
ORCL	C	1.15%
MMC	D	1.12%
MCK	F	1.06%
TRV	C	1.05%
AZO	D	0.96%
LMT	A	0.9%
CBOE	B	0.86%
GDDY	D	0.84%
K	B	0.81%
ACGL	A	0.81%
V	C	0.78%
GIS	B	0.77%
FCNCA	D	0.74%
WEC	A	0.74%
T	A	0.71%
ELV	F	0.69%
NOW	C	0.68%
TSN	D	0.68%
MA	A	0.66%
VRSN	C	0.66%
COR	F	0.62%
BDX	B	0.6%
NEM	C	0.6%
KR	B	0.59%
FI	A	0.57%
KEYS	C	0.56%
MPC	F	0.56%
ERIE	A	0.54%
TDY	B	0.53%
FFIV	C	0.52%
CME	A	0.51%
YUM	B	0.51%
JNPR	C	0.5%
FICO	C	0.5%
UBER	C	0.5%
PTC	D	0.49%
AON	A	0.49%
INCY	B	0.48%
CL	D	0.46%
AKAM	D	0.46%
BAH	A	0.45%
XOM	B	0.45%
EG	B	0.45%
HUM	F	0.45%
TJX	C	0.44%
BMY	B	0.43%
CPB	D	0.38%
CHD	B	0.37%
ROL	B	0.37%
CTVA	B	0.37%
WTW	A	0.35%
HSY	D	0.34%
IT	C	0.34%
AFG	B	0.34%
GEN	A	0.33%
NBIX	F	0.32%
MKL	B	0.32%
CVX	D	0.31%
GLW	C	0.3%
FWONK	D	0.3%
ICE	A	0.29%
AIZ	A	0.29%
WRB	B	0.29%
HD	A	0.29%
ANET	B	0.29%
GRMN	D	0.28%
L	D	0.27%
BMRN	F	0.25%
ALNY	B	0.25%
WMB	A	0.24%
PFE	D	0.24%
AEE	A	0.23%
D	A	0.23%
CI	C	0.23%
HRL	F	0.22%
KMB	B	0.22%
NTAP	D	0.22%
MOH	D	0.22%
AZPN	C	0.22%
CMS	A	0.2%
DTE	A	0.2%
HUBS	D	0.19%
TW	A	0.18%
STX	B	0.18%
PKG	A	0.18%
DPZ	D	0.18%
HOLX	D	0.17%
EOG	D	0.16%
UTHR	B	0.14%
MDT	A	0.14%
OXY	F	0.13%
HIG	A	0.12%
KO	B	0.11%
LNT	A	0.1%
DELL	D	0.1%
DGX	C	0.1%
RTX	A	0.09%
ABT	C	0.09%
FSLR	C	0.08%
TEL	D	0.07%
PSX	F	0.06%
GD	A	0.06%
KNX	C	0.06%
OTIS	A	0.06%
VLO	F	0.05%
CVS	D	0.05%
BR	B	0.05%
ULTA	D	0.05%
ATO	A	0.05%
CRM	C	0.04%

USMV Underweight 65 Positions Relative to QQEW

Symbol	Grade	Weight
PDD	D	-1.28%
MU	D	-1.19%
AMAT	D	-1.08%
INTC	D	-1.08%
LRCX	F	-1.08%
ASML	F	-1.06%
ARM	C	-1.06%
AMD	D	-1.06%
KLAC	D	-1.05%
TSLA	B	-1.05%
BKNG	C	-1.04%
ON	F	-1.04%
MCHP	F	-1.03%
PYPL	B	-1.03%
NXPI	F	-1.03%
GFS	F	-1.02%
TTWO	F	-1.01%
QCOM	D	-1.01%
ADSK	C	-1.01%
DASH	B	-1.01%
LULU	D	-1.01%
GEHC	B	-1.01%
MAR	B	-1.01%
META	A	-1.0%
FAST	C	-1.0%
CPRT	B	-1.0%
CTAS	C	-1.0%
ANSS	D	-1.0%
SBUX	B	-1.0%
NFLX	C	-1.0%
DLTR	F	-1.0%
MNST	D	-1.0%
TTD	C	-0.99%
ISRG	C	-0.99%
TEAM	D	-0.99%
IDXX	D	-0.99%
FTNT	C	-0.99%
ODFL	D	-0.99%
CEG	B	-0.99%
WBD	D	-0.99%
ILMN	C	-0.99%
PCAR	D	-0.98%
ZS	F	-0.98%
ROST	C	-0.98%
EXC	A	-0.98%
COST	C	-0.98%
MRVL	C	-0.98%
DDOG	D	-0.98%
PANW	D	-0.98%
AZN	D	-0.98%
PAYX	A	-0.98%
MDB	D	-0.97%
ABNB	D	-0.97%
ADBE	F	-0.97%
INTU	F	-0.97%
CSX	D	-0.96%
BIIB	F	-0.96%
MRNA	F	-0.96%
CCEP	D	-0.96%
DXCM	F	-0.95%
CHTR	D	-0.95%
BKR	B	-0.95%
CSGP	F	-0.95%
SMCI	F	-0.87%
GOOGL	C	-0.49%