USMV vs. SPUS ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS)

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

SPUS

SP Funds S&P 500 Sharia Industry Exclusions ETF

SPUS Description

The investment seeks to track the performance, before fees and expenses, of the S&P 500 Shariah Industry Exclusions Index. The index is composed of the constituents of the S&P 500® Shariah Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The manager attempts to invest all, or substantially all, of its assets in the component securities that make up the index. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$42.49

Average Daily Volume

187,591

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

Performance

Period	USMV	SPUS
30 Days	1.70%	1.91%
60 Days	2.42%	2.94%
90 Days	4.02%	3.81%
12 Months	25.63%	29.89%

74 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in SPUS	Overlap
AAPL	C	0.99%	11.07%	0.99%
ABBV	D	1.04%	0.94%	0.94%
ABT	B	0.09%	0.64%	0.09%
ACN	C	1.29%	0.71%	0.71%
ADI	D	0.23%	0.33%	0.23%
AKAM	D	0.39%	0.04%	0.04%
AMZN	C	0.14%	6.03%	0.14%
ANET	C	0.29%	0.31%	0.29%
APH	A	1.44%	0.27%	0.27%
AVGO	D	1.19%	2.42%	1.19%
AZO	C	0.98%	0.17%	0.17%
BDX	F	0.56%	0.2%	0.2%
CDNS	B	0.18%	0.26%	0.18%
CDW	F	0.35%	0.07%	0.07%
CHD	B	0.4%	0.09%	0.09%
CL	D	0.41%	0.24%	0.24%
COR	B	0.67%	0.14%	0.14%
CRM	B	0.05%	1.0%	0.05%
CSCO	B	1.47%	0.74%	0.74%
CTSH	B	0.76%	0.12%	0.12%
CTVA	C	0.38%	0.13%	0.13%
EOG	A	0.17%	0.25%	0.17%
FFIV	B	0.55%	0.04%	0.04%
FICO	B	0.59%	0.18%	0.18%
FSLR	F	0.06%	0.06%	0.06%
GILD	C	0.94%	0.35%	0.35%
GIS	D	0.66%	0.11%	0.11%
GLW	B	0.31%	0.12%	0.12%
GOOG	C	0.16%	2.71%	0.16%
GRMN	B	0.33%	0.1%	0.1%
HD	A	0.3%	1.26%	0.3%
HOLX	D	0.16%	0.06%	0.06%
HON	B	0.25%	0.47%	0.25%
HSY	F	0.3%	0.08%	0.08%
INCY	C	0.53%	0.04%	0.04%
IT	C	0.35%	0.13%	0.13%
JNJ	D	1.18%	1.17%	1.17%
JNPR	F	0.45%	0.04%	0.04%
K	A	0.8%	0.07%	0.07%
KDP	D	0.59%	0.11%	0.11%
KEYS	A	0.55%	0.09%	0.09%
KMB	D	0.21%	0.15%	0.15%
LIN	D	0.16%	0.69%	0.16%
LLY	F	1.25%	1.89%	1.25%
MCK	B	1.35%	0.26%	0.26%
MDLZ	F	0.44%	0.27%	0.27%
MDT	D	0.13%	0.34%	0.13%
MOH	F	0.18%	0.05%	0.05%
MRK	F	1.01%	0.79%	0.79%
MSFT	F	1.34%	9.82%	1.34%
MSI	B	1.81%	0.26%	0.26%
NEM	D	0.46%	0.16%	0.16%
NOW	A	0.75%	0.67%	0.67%
NTAP	C	0.22%	0.08%	0.08%
NVDA	C	0.67%	11.41%	0.67%
ORLY	B	0.68%	0.22%	0.22%
OTIS	C	0.07%	0.13%	0.07%
PEP	F	1.01%	0.69%	0.69%
PG	A	1.23%	1.28%	1.23%
PKG	A	0.2%	0.07%	0.07%
PTC	A	0.52%	0.07%	0.07%
REGN	F	0.59%	0.25%	0.25%
ROL	B	0.36%	0.04%	0.04%
ROP	B	1.3%	0.19%	0.19%
RSG	A	1.55%	0.14%	0.14%
SNPS	B	0.18%	0.26%	0.18%
TJX	A	0.45%	0.43%	0.43%
TXN	C	1.39%	0.58%	0.58%
UBER	D	0.45%	0.46%	0.45%
ULTA	F	0.04%	0.05%	0.04%
VLO	C	0.05%	0.14%	0.05%
VRSN	F	0.64%	0.05%	0.05%
WM	A	1.44%	0.25%	0.25%
XOM	B	0.45%	1.7%	0.45%

USMV Overweight 96 Positions Relative to SPUS

Symbol	Grade	Weight
TMUS	B	1.95%
WMT	A	1.78%
PGR	A	1.67%
IBM	C	1.66%
WCN	A	1.56%
BRK.A	B	1.55%
DUK	C	1.49%
CB	C	1.47%
NOC	D	1.43%
VZ	C	1.35%
SO	D	1.35%
UNH	C	1.34%
ORCL	B	1.31%
AJG	B	1.27%
MCD	D	1.25%
TRV	B	1.15%
ED	D	1.13%
MMC	B	1.11%
GDDY	A	1.0%
V	A	0.9%
EA	A	0.89%
FCNCA	A	0.88%
CBOE	B	0.85%
LMT	D	0.82%
WEC	A	0.78%
T	A	0.74%
TSN	B	0.71%
MA	C	0.7%
VRTX	F	0.69%
FI	A	0.69%
ACGL	D	0.68%
KR	B	0.61%
AMGN	D	0.59%
TDY	B	0.57%
FANG	D	0.55%
MPC	D	0.54%
AON	A	0.53%
CME	A	0.53%
ELV	F	0.52%
YUM	B	0.5%
BMY	B	0.49%
XEL	A	0.46%
WDAY	B	0.43%
EG	C	0.43%
ERIE	D	0.42%
VRSK	A	0.42%
HUM	C	0.4%
BAH	F	0.39%
CMCSA	B	0.39%
AEP	D	0.39%
KHC	F	0.38%
WTW	B	0.38%
AFG	A	0.35%
GEN	B	0.35%
CVX	A	0.34%
MKL	A	0.34%
CPB	D	0.33%
AIZ	A	0.32%
NBIX	C	0.32%
WMB	A	0.31%
WRB	A	0.31%
FWONK	B	0.31%
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%
BMRN	D	0.22%
HRL	D	0.21%
CI	F	0.21%
TW	A	0.2%
DTE	C	0.2%
PFE	D	0.2%
DPZ	C	0.19%
CRWD	B	0.19%
CMS	C	0.19%
MELI	D	0.18%
STX	D	0.16%
UTHR	C	0.14%
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%
ADP	B	0.09%
TEL	B	0.07%
ATO	A	0.06%
PSX	C	0.06%
KNX	B	0.06%
BR	A	0.05%
GD	F	0.05%
CVS	D	0.04%

USMV Underweight 149 Positions Relative to SPUS

Symbol	Grade	Weight
META	D	-3.93%
GOOGL	C	-3.28%
TSLA	B	-3.02%
AMD	F	-0.71%
ADBE	C	-0.7%
TMO	F	-0.62%
ISRG	A	-0.61%
QCOM	F	-0.55%
BKNG	A	-0.53%
DHR	F	-0.48%
LOW	D	-0.48%
ETN	A	-0.46%
AMAT	F	-0.45%
UNP	C	-0.45%
COP	C	-0.42%
SYK	C	-0.42%
BSX	B	-0.42%
PANW	C	-0.4%
MU	D	-0.35%
PLD	D	-0.34%
UPS	C	-0.31%
TT	A	-0.3%
LRCX	F	-0.29%
EQIX	A	-0.28%
NKE	D	-0.28%
PH	A	-0.28%
SHW	A	-0.27%
KLAC	D	-0.26%
EMR	A	-0.24%
CTAS	B	-0.24%
ITW	B	-0.23%
APD	A	-0.23%
CEG	D	-0.23%
MMM	D	-0.22%
ADSK	A	-0.21%
CSX	B	-0.21%
SLB	C	-0.2%
FCX	D	-0.2%
NSC	B	-0.19%
FTNT	C	-0.19%
ECL	D	-0.19%
JCI	C	-0.18%
NXPI	D	-0.18%
TGT	F	-0.18%
GWW	B	-0.17%
PWR	A	-0.16%
CMI	A	-0.16%
ROST	C	-0.15%
FAST	B	-0.15%
DHI	D	-0.15%
CPRT	A	-0.15%
BKR	B	-0.14%
AME	A	-0.14%
KVUE	A	-0.14%
ODFL	B	-0.13%
HES	B	-0.13%
IR	B	-0.13%
EW	C	-0.13%
VMC	B	-0.12%
A	D	-0.12%
MNST	C	-0.12%
GEHC	F	-0.12%
WAB	B	-0.11%
DD	D	-0.11%
IDXX	F	-0.11%
MCHP	D	-0.11%
NUE	C	-0.11%
LULU	C	-0.11%
RMD	C	-0.11%
MLM	B	-0.11%
HPQ	B	-0.11%
ANSS	B	-0.1%
DXCM	D	-0.1%
EFX	F	-0.1%
ROK	B	-0.1%
AVB	B	-0.1%
DECK	A	-0.09%
DOV	A	-0.09%
MPWR	F	-0.09%
HAL	C	-0.09%
PPG	F	-0.09%
ON	D	-0.09%
TSCO	D	-0.09%
CAH	B	-0.09%
EBAY	D	-0.09%
XYL	D	-0.09%
HUBB	B	-0.08%
DVN	F	-0.08%
MTD	D	-0.08%
EQR	B	-0.08%
ADM	D	-0.08%
TYL	B	-0.08%
VLTO	D	-0.08%
FTV	C	-0.08%
PHM	D	-0.08%
STLD	B	-0.07%
CLX	B	-0.07%
STE	F	-0.07%
WAT	B	-0.07%
ZBH	C	-0.07%
WY	D	-0.07%
WST	C	-0.07%
BIIB	F	-0.07%
MAA	B	-0.06%
PODD	C	-0.06%
MKC	D	-0.06%
ZBRA	B	-0.06%
CTRA	B	-0.06%
LH	C	-0.06%
BLDR	D	-0.06%
JBL	B	-0.05%
JBHT	C	-0.05%
EL	F	-0.05%
ALGN	D	-0.05%
AVY	D	-0.05%
CF	B	-0.05%
J	F	-0.05%
EXPD	D	-0.05%
MAS	D	-0.05%
GPC	D	-0.05%
IEX	B	-0.05%
TER	D	-0.05%
BBY	D	-0.05%
TRMB	B	-0.05%
PNR	A	-0.05%
ALLE	D	-0.04%
CHRW	C	-0.04%
CPT	B	-0.04%
ALB	C	-0.04%
SMCI	F	-0.04%
SWKS	F	-0.04%
EPAM	C	-0.04%
NDSN	B	-0.04%
POOL	C	-0.04%
APTV	D	-0.04%
RL	B	-0.03%
MOS	F	-0.03%
ENPH	F	-0.03%
AOS	F	-0.03%
TFX	F	-0.03%
HSIC	B	-0.03%
CRL	C	-0.03%
LKQ	D	-0.03%
PAYC	B	-0.03%
TECH	D	-0.03%
GNRC	B	-0.03%
LW	C	-0.03%
QRVO	F	-0.02%
MHK	D	-0.02%