USMV vs. RNDV ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to First Trust US Equity Dividend Select ETF (RNDV)

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

$83.87

Average Daily Volume

1,622,841

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

RNDV

First Trust US Equity Dividend Select ETF

RNDV Description

The US Equity Dividend Select ETF (the "Fund") 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 Riskalyze US Equity Dividend Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

Grade (RS Rating)

Last Trade

$31.25

Average Daily Volume

5,227

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USMV	RNDV
30 Days	1.93%	-0.94%
60 Days	3.78%	2.31%
90 Days	2.73%	0.76%
12 Months	15.09%	9.62%

38 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in RNDV	Overlap
ABBV	C	1.15%	1.37%	1.15%
ABT	D	0.09%	0.76%	0.09%
ACN	C	1.2%	1.49%	1.2%
ADI	B	0.27%	2.32%	0.27%
ADP	D	0.08%	0.42%	0.08%
AEP	D	0.39%	0.34%	0.34%
APH	B	1.49%	0.94%	0.94%
BDX	F	0.63%	0.61%	0.61%
BMY	F	0.38%	1.51%	0.38%
CI	D	0.23%	0.59%	0.23%
CMCSA	D	0.38%	1.48%	0.38%
CME	D	0.49%	0.64%	0.49%
CVS	D	0.05%	1.14%	0.05%
CVX	D	0.36%	0.85%	0.36%
DGX	C	0.1%	0.91%	0.1%
EG	D	0.48%	0.6%	0.48%
EOG	C	0.17%	0.56%	0.17%
GIS	D	0.72%	0.56%	0.56%
GLW	B	0.28%	4.34%	0.28%
GRMN	C	0.28%	0.95%	0.28%
HD	C	0.27%	0.98%	0.27%
HRL	F	0.23%	0.51%	0.23%
IBM	B	1.47%	3.4%	1.47%
JNJ	F	1.22%	1.18%	1.18%
K	D	0.63%	0.71%	0.63%
KMB	B	0.23%	0.71%	0.23%
LMT	B	0.78%	0.55%	0.55%
MCD	F	1.2%	0.92%	0.92%
MDT	D	0.14%	1.24%	0.14%
MRK	C	1.48%	0.96%	0.96%
MSFT	A	1.57%	0.83%	0.83%
TEL	B	0.07%	1.94%	0.07%
TRV	D	0.99%	0.56%	0.56%
TSN	D	0.69%	0.57%	0.57%
TXN	B	1.45%	3.64%	1.45%
UNH	D	1.23%	0.61%	0.61%
VZ	B	1.43%	3.55%	1.43%
XOM	C	0.48%	0.66%	0.48%

USMV Overweight 131 Positions Relative to RNDV

Symbol	Grade	Weight
LLY	B	1.69%
TMUS	B	1.61%
WCN	A	1.59%
RSG	A	1.56%
MSI	B	1.56%
WMT	A	1.52%
WM	B	1.52%
PGR	B	1.51%
BRK.A	D	1.47%
CB	C	1.47%
ROP	B	1.45%
DUK	D	1.44%
MCK	B	1.42%
NOC	D	1.37%
CSCO	D	1.33%
SO	B	1.3%
PG	C	1.3%
AVGO	B	1.24%
AJG	A	1.23%
PEP	D	1.17%
MMC	A	1.15%
ED	D	1.13%
ORCL	A	1.05%
AAPL	A	1.01%
AZO	C	1.01%
REGN	B	0.91%
V	D	0.83%
GDDY	A	0.81%
EA	B	0.81%
GILD	C	0.8%
VRTX	B	0.79%
ACGL	C	0.78%
ELV	C	0.76%
FCNCA	C	0.73%
CTSH	C	0.73%
AMGN	B	0.72%
KDP	D	0.7%
VRSN	C	0.69%
COR	C	0.68%
T	B	0.67%
WEC	D	0.67%
FANG	A	0.66%
ORLY	C	0.65%
MA	D	0.65%
MPC	D	0.64%
NOW	B	0.62%
NVDA	B	0.61%
HUM	C	0.57%
KR	C	0.56%
YUM	D	0.55%
PTC	B	0.54%
KEYS	F	0.53%
FI	D	0.52%
TDY	D	0.51%
JNPR	B	0.5%
INCY	C	0.5%
MDLZ	D	0.5%
NEM	B	0.49%
UBER	B	0.49%
CDW	D	0.49%
BAH	B	0.48%
CL	B	0.47%
AON	C	0.45%
TJX	B	0.45%
VRSK	A	0.44%
AKAM	F	0.44%
KHC	D	0.43%
FFIV	D	0.43%
FICO	A	0.41%
NBIX	C	0.4%
WDAY	D	0.4%
CHD	D	0.4%
XEL	D	0.39%
ERIE	C	0.39%
ROL	A	0.39%
CTVA	D	0.38%
CPB	B	0.37%
HSY	F	0.35%
MKL	D	0.35%
WTW	B	0.35%
AFG	D	0.34%
GEN	B	0.32%
IT	C	0.32%
BMRN	D	0.32%
FWONK	B	0.3%
ANET	A	0.29%
WRB	C	0.29%
L	D	0.28%
AIZ	D	0.27%
ICE	A	0.27%
PFE	D	0.25%
ALNY	A	0.25%
NTAP	A	0.25%
HON	B	0.25%
DPZ	C	0.24%
WMB	A	0.24%
HUBS	D	0.23%
CRWD	A	0.23%
SNPS	B	0.22%
MOH	F	0.21%
D	C	0.21%
DTE	D	0.2%
CDNS	B	0.2%
AZPN	C	0.2%
AEE	D	0.2%
STX	B	0.19%
GOOG	A	0.18%
CMS	D	0.18%
HOLX	C	0.17%
PKG	C	0.17%
MELI	D	0.17%
OXY	D	0.17%
TW	C	0.17%
LIN	C	0.17%
AMZN	A	0.14%
UTHR	B	0.13%
DELL	B	0.13%
HIG	C	0.12%
KO	B	0.11%
FSLR	C	0.09%
LNT	C	0.09%
RTX	D	0.08%
PSX	D	0.07%
OTIS	B	0.07%
VLO	C	0.06%
KNX	C	0.06%
GD	D	0.06%
ATO	C	0.05%
BR	B	0.05%
ULTA	D	0.05%
CRM	C	0.04%

USMV Underweight 58 Positions Relative to RNDV

Symbol	Grade	Weight
HPQ	C	-4.78%
HPE	C	-3.83%
QCOM	B	-2.39%
MCHP	C	-2.17%
BBY	C	-2.14%
IPG	F	-2.07%
HAS	D	-2.06%
PRU	A	-1.54%
OMC	D	-1.49%
TROW	C	-1.39%
BEN	D	-1.3%
MTB	B	-1.19%
NTRS	B	-1.1%
PM	B	-1.09%
KLAC	B	-1.09%
OKE	A	-1.06%
PFG	D	-1.03%
MET	D	-0.91%
GPC	F	-0.9%
CINF	B	-0.84%
BLK	B	-0.83%
AFL	B	-0.82%
CAG	D	-0.79%
CHRW	C	-0.78%
UPS	F	-0.78%
AMCR	D	-0.76%
CAH	D	-0.69%
LOW	D	-0.68%
NKE	F	-0.66%
KVUE	F	-0.65%
CTRA	D	-0.61%
SWK	F	-0.58%
PAYX	D	-0.55%
O	D	-0.49%
SNA	F	-0.47%
FMC	F	-0.47%
LHX	A	-0.46%
LEN	D	-0.46%
APD	D	-0.44%
CMI	D	-0.43%
MAA	C	-0.43%
EMN	D	-0.43%
ESS	B	-0.4%
UNP	D	-0.39%
EVRG	D	-0.39%
PNW	D	-0.38%
ITW	D	-0.38%
FAST	F	-0.37%
POOL	F	-0.37%
EMR	C	-0.36%
EIX	D	-0.36%
ES	D	-0.36%
FRT	C	-0.36%
AVB	B	-0.35%
NSC	D	-0.35%
ETR	D	-0.34%
DLR	A	-0.32%
CF	F	-0.3%