USMV vs. ROE ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to Astoria US Quality Kings ETF (ROE)

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

$94.57

Average Daily Volume

1,669,986

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

ROE

Astoria US Quality Kings ETF

ROE Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stock principally traded in the U.S. The fund seeks to invest in companies that exhibit robust quality characteristics across sectors, with attractive valuations and dividend paying potential, as determined by the fund"s sub-adviser.

Grade (RS Rating)

Last Trade

$32.17

Average Daily Volume

13,445

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USMV	ROE
30 Days	3.92%	5.44%
60 Days	3.84%	4.76%
90 Days	5.09%	6.87%
12 Months	27.11%	33.60%

41 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in ROE	Overlap
AAPL	A	0.99%	0.98%	0.98%
ABBV	D	1.04%	0.84%	0.84%
ACN	B	1.29%	1.02%	1.02%
ANET	C	0.29%	0.94%	0.29%
APH	B	1.44%	1.04%	1.04%
CB	C	1.47%	0.97%	0.97%
CDW	F	0.35%	0.78%	0.35%
CL	D	0.41%	0.9%	0.41%
CMCSA	C	0.39%	1.02%	0.39%
COR	A	0.67%	1.05%	0.67%
CSCO	A	1.47%	1.07%	1.07%
CTSH	A	0.76%	0.99%	0.76%
DPZ	B	0.19%	1.02%	0.19%
EG	C	0.43%	0.95%	0.43%
EOG	C	0.17%	1.05%	0.17%
FSLR	F	0.06%	0.77%	0.06%
GEN	A	0.35%	1.06%	0.35%
HD	B	0.3%	1.02%	0.3%
HIG	A	0.12%	0.99%	0.12%
IBM	C	1.66%	0.93%	0.93%
JNJ	D	1.18%	0.94%	0.94%
KMB	C	0.21%	0.95%	0.21%
LLY	D	1.25%	0.78%	0.78%
LMT	D	0.82%	0.9%	0.82%
MCK	B	1.35%	1.25%	1.25%
MRK	D	1.01%	0.82%	0.82%
MSFT	C	1.34%	0.95%	0.95%
MSI	B	1.81%	1.08%	1.08%
NTAP	B	0.22%	0.96%	0.22%
NVDA	C	0.67%	1.14%	0.67%
ORCL	B	1.31%	1.1%	1.1%
PGR	A	1.67%	0.99%	0.99%
TJX	A	0.45%	1.0%	0.45%
TMUS	A	1.95%	1.15%	1.15%
TRV	B	1.15%	1.08%	1.08%
TXN	D	1.39%	0.99%	0.99%
V	A	0.9%	1.11%	0.9%
VLO	C	0.05%	1.0%	0.05%
VZ	B	1.35%	0.93%	0.93%
WRB	A	0.31%	1.05%	0.31%
YUM	B	0.5%	0.98%	0.5%

USMV Overweight 129 Positions Relative to ROE

Symbol	Grade	Weight
WMT	A	1.78%
WCN	A	1.56%
RSG	A	1.55%
BRK.A	B	1.55%
DUK	C	1.49%
WM	A	1.44%
NOC	D	1.43%
SO	C	1.35%
UNH	B	1.34%
ROP	B	1.3%
AJG	A	1.27%
MCD	D	1.25%
PG	A	1.23%
AVGO	D	1.19%
ED	C	1.13%
MMC	A	1.11%
PEP	F	1.01%
GDDY	A	1.0%
AZO	B	0.98%
GILD	B	0.94%
EA	B	0.89%
FCNCA	B	0.88%
CBOE	B	0.85%
K	A	0.8%
WEC	A	0.78%
NOW	A	0.75%
T	A	0.74%
TSN	B	0.71%
MA	A	0.7%
VRTX	D	0.69%
FI	A	0.69%
ORLY	A	0.68%
ACGL	D	0.68%
GIS	D	0.66%
VRSN	C	0.64%
KR	A	0.61%
AMGN	F	0.59%
FICO	A	0.59%
REGN	F	0.59%
KDP	D	0.59%
TDY	B	0.57%
BDX	F	0.56%
KEYS	B	0.55%
FANG	F	0.55%
FFIV	A	0.55%
MPC	D	0.54%
INCY	B	0.53%
AON	A	0.53%
CME	A	0.53%
PTC	A	0.52%
ELV	F	0.52%
BMY	B	0.49%
XEL	A	0.46%
NEM	F	0.46%
UBER	D	0.45%
JNPR	F	0.45%
XOM	C	0.45%
MDLZ	F	0.44%
WDAY	C	0.43%
ERIE	D	0.42%
VRSK	A	0.42%
CHD	B	0.4%
HUM	C	0.4%
BAH	F	0.39%
AEP	C	0.39%
AKAM	D	0.39%
KHC	D	0.38%
WTW	A	0.38%
CTVA	A	0.38%
ROL	A	0.36%
IT	C	0.35%
AFG	A	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	B	0.31%
GLW	B	0.31%
FWONK	A	0.31%
HSY	F	0.3%
ICE	D	0.28%
L	A	0.28%
HON	B	0.25%
AEE	A	0.24%
HUBS	B	0.24%
ADI	D	0.23%
D	C	0.23%
AZPN	A	0.23%
ALNY	D	0.22%
BMRN	D	0.22%
HRL	D	0.21%
CI	D	0.21%
TW	A	0.2%
DTE	C	0.2%
PKG	A	0.2%
PFE	D	0.2%
CRWD	B	0.19%
CMS	B	0.19%
CDNS	B	0.18%
MELI	C	0.18%
MOH	D	0.18%
SNPS	B	0.18%
HOLX	D	0.16%
LIN	D	0.16%
STX	D	0.16%
GOOG	C	0.16%
UTHR	B	0.14%
AMZN	B	0.14%
MDT	D	0.13%
DELL	C	0.12%
OXY	F	0.12%
DGX	B	0.11%
KO	D	0.1%
LNT	A	0.1%
RTX	D	0.09%
ADP	A	0.09%
ABT	B	0.09%
OTIS	C	0.07%
TEL	C	0.07%
ATO	A	0.06%
PSX	C	0.06%
KNX	B	0.06%
BR	A	0.05%
CRM	B	0.05%
GD	F	0.05%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 58 Positions Relative to ROE

Symbol	Grade	Weight
APP	B	-2.26%
APO	A	-1.28%
VST	B	-1.27%
SYF	A	-1.27%
LYV	B	-1.21%
AMP	A	-1.2%
CHTR	B	-1.17%
NFLX	B	-1.16%
EME	B	-1.14%
ETR	A	-1.13%
GWW	A	-1.11%
PANW	B	-1.1%
MO	A	-1.08%
RPM	B	-1.08%
PM	A	-1.07%
TROW	A	-1.07%
CAH	B	-1.06%
SPG	A	-1.05%
GOOGL	C	-1.05%
ALL	A	-1.03%
URI	B	-1.03%
NRG	B	-1.03%
DOV	A	-1.02%
ITW	A	-1.02%
AFL	A	-1.01%
JBL	C	-1.01%
LOW	C	-1.01%
CSL	B	-0.98%
TGT	F	-0.98%
CAT	B	-0.98%
SYY	C	-0.98%
META	D	-0.97%
QCOM	F	-0.96%
RMD	C	-0.95%
VICI	C	-0.94%
OMC	C	-0.94%
ON	D	-0.93%
ADBE	C	-0.93%
NXPI	D	-0.92%
EBAY	C	-0.92%
DVN	F	-0.92%
SBAC	D	-0.91%
THC	D	-0.91%
ROST	C	-0.91%
ZTS	F	-0.89%
GEHC	F	-0.88%
PHM	D	-0.88%
WSM	B	-0.86%
A	D	-0.86%
AMAT	F	-0.85%
LRCX	D	-0.83%
MCHP	D	-0.83%
SWKS	D	-0.83%
DHI	D	-0.82%
KLAC	D	-0.79%
TER	D	-0.78%
MPWR	F	-0.64%
CE	F	-0.54%