USMV vs. QRMI ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Global X NASDAQ 100 Risk Managed Income ETF (QRMI)

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

QRMI

Global X NASDAQ 100 Risk Managed Income ETF

QRMI Description

Global X Funds - Global X NASDAQ 100 Risk Managed Income ETF is an exchange traded fund launched and managed by Global X Management Company LLC. The fund invests in the public equity markets of the United States. It takes long and short positions to invest directly and through derivatives such as options in stocks of companies operating across non-financial companies sectors. The fund invests in growth and value stocks of large-cap companies. It seeks to track the performance of the Nasdaq-100 Monthly Net Credit Collar 95-100 Index, by using full replication technique. Global X Funds - Global X NASDAQ 100 Risk Managed Income ETF was formed on August 25, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$17.00

Average Daily Volume

8,933

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	USMV	QRMI
30 Days	1.70%	1.66%
60 Days	2.42%	2.63%
90 Days	4.02%	3.97%
12 Months	25.63%	11.21%

36 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in QRMI	Overlap
AAPL	C	0.99%	8.63%	0.99%
ADI	D	0.23%	0.68%	0.23%
ADP	B	0.09%	0.81%	0.09%
AEP	D	0.39%	0.32%	0.32%
AMGN	D	0.59%	1.05%	0.59%
AMZN	C	0.14%	5.66%	0.14%
AVGO	D	1.19%	5.23%	1.19%
CDNS	B	0.18%	0.56%	0.18%
CDW	F	0.35%	0.16%	0.16%
CMCSA	B	0.39%	1.1%	0.39%
CRWD	B	0.19%	0.54%	0.19%
CSCO	B	1.47%	1.55%	1.47%
CTSH	B	0.76%	0.26%	0.26%
EA	A	0.89%	0.28%	0.28%
FANG	D	0.55%	0.35%	0.35%
GILD	C	0.94%	0.75%	0.75%
GOOG	C	0.16%	2.54%	0.16%
HON	B	0.25%	0.98%	0.25%
KDP	D	0.59%	0.29%	0.29%
KHC	F	0.38%	0.25%	0.25%
LIN	D	0.16%	1.42%	0.16%
MDLZ	F	0.44%	0.57%	0.44%
MELI	D	0.18%	0.63%	0.18%
MSFT	F	1.34%	7.96%	1.34%
NVDA	C	0.67%	9.04%	0.67%
ORLY	B	0.68%	0.48%	0.48%
PEP	F	1.01%	1.47%	1.01%
REGN	F	0.59%	0.56%	0.56%
ROP	B	1.3%	0.41%	0.41%
SNPS	B	0.18%	0.56%	0.18%
TMUS	B	1.95%	1.83%	1.83%
TXN	C	1.39%	1.22%	1.22%
VRSK	A	0.42%	0.27%	0.27%
VRTX	F	0.69%	0.83%	0.69%
WDAY	B	0.43%	0.39%	0.39%
XEL	A	0.46%	0.24%	0.24%

USMV Overweight 134 Positions Relative to QRMI

Symbol	Grade	Weight
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%
CB	C	1.47%
APH	A	1.44%
WM	A	1.44%
NOC	D	1.43%
VZ	C	1.35%
SO	D	1.35%
MCK	B	1.35%
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%
GDDY	A	1.0%
AZO	C	0.98%
V	A	0.9%
FCNCA	A	0.88%
CBOE	B	0.85%
LMT	D	0.82%
K	A	0.8%
WEC	A	0.78%
NOW	A	0.75%
T	A	0.74%
TSN	B	0.71%
MA	C	0.7%
FI	A	0.69%
ACGL	D	0.68%
COR	B	0.67%
GIS	D	0.66%
VRSN	F	0.64%
KR	B	0.61%
FICO	B	0.59%
TDY	B	0.57%
BDX	F	0.56%
KEYS	A	0.55%
FFIV	B	0.55%
MPC	D	0.54%
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%
NEM	D	0.46%
UBER	D	0.45%
JNPR	F	0.45%
TJX	A	0.45%
XOM	B	0.45%
EG	C	0.43%
ERIE	D	0.42%
CL	D	0.41%
CHD	B	0.4%
HUM	C	0.4%
BAH	F	0.39%
AKAM	D	0.39%
WTW	B	0.38%
CTVA	C	0.38%
ROL	B	0.36%
IT	C	0.35%
AFG	A	0.35%
GEN	B	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%
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%
MOH	F	0.18%
EOG	A	0.17%
HOLX	D	0.16%
STX	D	0.16%
UTHR	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%
ABT	B	0.09%
OTIS	C	0.07%
TEL	B	0.07%
ATO	A	0.06%
PSX	C	0.06%
FSLR	F	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 65 Positions Relative to QRMI

Symbol	Grade	Weight
META	D	-5.08%
TSLA	B	-4.02%
COST	B	-2.69%
GOOGL	C	-2.64%
NFLX	A	-2.31%
ADBE	C	-1.53%
AMD	F	-1.46%
INTU	C	-1.28%
ISRG	A	-1.24%
QCOM	F	-1.16%
BKNG	A	-1.12%
AMAT	F	-0.98%
PANW	C	-0.84%
SBUX	A	-0.73%
MU	D	-0.72%
INTC	D	-0.69%
LRCX	F	-0.62%
CTAS	B	-0.59%
PYPL	B	-0.58%
KLAC	D	-0.58%
MAR	B	-0.53%
MRVL	B	-0.5%
PDD	F	-0.49%
FTNT	C	-0.48%
CEG	D	-0.47%
CSX	B	-0.46%
ADSK	A	-0.45%
DASH	A	-0.44%
ASML	F	-0.42%
PCAR	B	-0.39%
NXPI	D	-0.38%
ABNB	C	-0.38%
CHTR	C	-0.38%
TTD	B	-0.37%
MNST	C	-0.36%
CPRT	A	-0.36%
PAYX	C	-0.34%
ODFL	B	-0.32%
FAST	B	-0.31%
ROST	C	-0.3%
TEAM	A	-0.27%
BKR	B	-0.27%
DDOG	A	-0.26%
GEHC	F	-0.25%
LULU	C	-0.25%
IDXX	F	-0.24%
AZN	D	-0.24%
EXC	C	-0.24%
MCHP	D	-0.23%
CCEP	C	-0.23%
CSGP	D	-0.21%
TTWO	A	-0.21%
ZS	C	-0.21%
ON	D	-0.2%
ANSS	B	-0.2%
DXCM	D	-0.19%
WBD	C	-0.16%
BIIB	F	-0.16%
MDB	C	-0.15%
GFS	C	-0.15%
ILMN	D	-0.15%
MRNA	F	-0.11%
ARM	D	-0.11%
DLTR	F	-0.1%
SMCI	F	-0.08%