USMV vs. USMF ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to WisdomTree U.S. Multifactor Fund (USMF)

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

USMF

WisdomTree U.S. Multifactor Fund

USMF Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Multifactor Index. Under normal circumstances, at least 80% of the fund's total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is generally comprised of 200 U.S. companies with the highest composite scores based on two fundamental factors (value and quality measures) and two technical factors (momentum and correlation). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.37

Average Daily Volume

25,306

Number of Holdings ^*

199

* may have additional holdings in another (foreign) market

Performance

Period	USMV	USMF
30 Days	1.70%	6.39%
60 Days	2.42%	7.88%
90 Days	4.02%	8.72%
12 Months	25.63%	32.34%

72 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in USMF	Overlap
ABBV	D	1.04%	0.37%	0.37%
ABT	B	0.09%	0.4%	0.09%
ADP	B	0.09%	0.41%	0.09%
AEP	D	0.39%	0.29%	0.29%
AIZ	A	0.32%	0.38%	0.32%
AKAM	D	0.39%	0.98%	0.39%
AZO	C	0.98%	0.71%	0.71%
BAH	F	0.39%	0.27%	0.27%
BMRN	D	0.22%	0.19%	0.19%
BMY	B	0.49%	0.36%	0.36%
BR	A	0.05%	0.38%	0.05%
BRK.A	B	1.55%	0.37%	0.37%
CBOE	B	0.85%	0.35%	0.35%
CI	F	0.21%	0.28%	0.21%
CL	D	0.41%	0.3%	0.3%
CMCSA	B	0.39%	0.92%	0.39%
CME	A	0.53%	0.36%	0.36%
COR	B	0.67%	0.48%	0.48%
CRM	B	0.05%	0.97%	0.05%
CTSH	B	0.76%	1.32%	0.76%
DGX	A	0.11%	0.42%	0.11%
DUK	C	1.49%	0.31%	0.31%
EA	A	0.89%	1.14%	0.89%
ELV	F	0.52%	0.29%	0.29%
EOG	A	0.17%	0.42%	0.17%
FCNCA	A	0.88%	0.3%	0.3%
FFIV	B	0.55%	1.3%	0.55%
FI	A	0.69%	0.43%	0.43%
FICO	B	0.59%	1.08%	0.59%
FSLR	F	0.06%	0.48%	0.06%
GDDY	A	1.0%	1.52%	1.0%
GEN	B	0.35%	1.01%	0.35%
GILD	C	0.94%	0.42%	0.42%
GIS	D	0.66%	0.27%	0.27%
HIG	B	0.12%	0.4%	0.12%
HOLX	D	0.16%	0.42%	0.16%
IBM	C	1.66%	1.39%	1.39%
JNJ	D	1.18%	0.43%	0.43%
JNPR	F	0.45%	0.93%	0.45%
KHC	F	0.38%	0.26%	0.26%
KMB	D	0.21%	0.32%	0.21%
KR	B	0.61%	0.34%	0.34%
L	A	0.28%	0.4%	0.28%
LMT	D	0.82%	0.39%	0.39%
MCK	B	1.35%	0.46%	0.46%
MKL	A	0.34%	0.34%	0.34%
MPC	D	0.54%	0.29%	0.29%
MRK	F	1.01%	0.35%	0.35%
MSI	B	1.81%	1.51%	1.51%
NBIX	C	0.32%	0.25%	0.25%
NTAP	C	0.22%	0.84%	0.22%
ORLY	B	0.68%	0.8%	0.68%
PG	A	1.23%	0.33%	0.33%
PGR	A	1.67%	0.36%	0.36%
REGN	F	0.59%	0.26%	0.26%
ROP	B	1.3%	1.31%	1.3%
RSG	A	1.55%	0.4%	0.4%
T	A	0.74%	1.09%	0.74%
TDY	B	0.57%	1.32%	0.57%
TJX	A	0.45%	0.84%	0.45%
TMUS	B	1.95%	1.27%	1.27%
TRV	B	1.15%	0.38%	0.38%
UTHR	C	0.14%	0.38%	0.14%
VLO	C	0.05%	0.33%	0.05%
VRSK	A	0.42%	0.38%	0.38%
VRSN	F	0.64%	1.43%	0.64%
VZ	C	1.35%	0.9%	0.9%
WDAY	B	0.43%	0.78%	0.43%
WM	A	1.44%	0.41%	0.41%
WMT	A	1.78%	0.36%	0.36%
WRB	A	0.31%	0.34%	0.31%
XOM	B	0.45%	0.44%	0.44%

USMV Overweight 98 Positions Relative to USMF

Symbol	Grade	Weight
WCN	A	1.56%
CSCO	B	1.47%
CB	C	1.47%
APH	A	1.44%
NOC	D	1.43%
TXN	C	1.39%
SO	D	1.35%
MSFT	F	1.34%
UNH	C	1.34%
ORCL	B	1.31%
ACN	C	1.29%
AJG	B	1.27%
MCD	D	1.25%
LLY	F	1.25%
AVGO	D	1.19%
ED	D	1.13%
MMC	B	1.11%
PEP	F	1.01%
AAPL	C	0.99%
V	A	0.9%
K	A	0.8%
WEC	A	0.78%
NOW	A	0.75%
TSN	B	0.71%
MA	C	0.7%
VRTX	F	0.69%
ACGL	D	0.68%
NVDA	C	0.67%
AMGN	D	0.59%
KDP	D	0.59%
BDX	F	0.56%
KEYS	A	0.55%
FANG	D	0.55%
INCY	C	0.53%
AON	A	0.53%
PTC	A	0.52%
YUM	B	0.5%
XEL	A	0.46%
NEM	D	0.46%
UBER	D	0.45%
MDLZ	F	0.44%
EG	C	0.43%
ERIE	D	0.42%
CHD	B	0.4%
HUM	C	0.4%
WTW	B	0.38%
CTVA	C	0.38%
ROL	B	0.36%
IT	C	0.35%
AFG	A	0.35%
CDW	F	0.35%
CVX	A	0.34%
GRMN	B	0.33%
CPB	D	0.33%
WMB	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%
HON	B	0.25%
AEE	A	0.24%
HUBS	A	0.24%
ADI	D	0.23%
D	C	0.23%
AZPN	A	0.23%
ALNY	D	0.22%
HRL	D	0.21%
TW	A	0.2%
DTE	C	0.2%
PKG	A	0.2%
PFE	D	0.2%
DPZ	C	0.19%
CRWD	B	0.19%
CMS	C	0.19%
CDNS	B	0.18%
MELI	D	0.18%
MOH	F	0.18%
SNPS	B	0.18%
LIN	D	0.16%
STX	D	0.16%
GOOG	C	0.16%
AMZN	C	0.14%
MDT	D	0.13%
DELL	C	0.12%
OXY	D	0.12%
KO	D	0.1%
LNT	A	0.1%
RTX	C	0.09%
OTIS	C	0.07%
TEL	B	0.07%
ATO	A	0.06%
PSX	C	0.06%
KNX	B	0.06%
GD	F	0.05%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 127 Positions Relative to USMF

Symbol	Grade	Weight
APP	B	-1.8%
SNX	C	-1.16%
TYL	B	-1.09%
FOXA	B	-1.09%
ZM	B	-1.02%
DBX	B	-1.01%
DOCU	A	-1.0%
CVLT	B	-0.98%
HPQ	B	-0.96%
DIS	B	-0.92%
DT	C	-0.9%
NYT	C	-0.86%
FTNT	C	-0.85%
DRI	B	-0.77%
TXRH	C	-0.77%
EPAM	C	-0.75%
MUSA	A	-0.74%
IPG	D	-0.74%
LVS	C	-0.71%
ARMK	B	-0.71%
EBAY	D	-0.68%
INFA	D	-0.68%
NTNX	A	-0.64%
GM	B	-0.61%
HRB	D	-0.58%
EXPE	B	-0.54%
CRUS	D	-0.51%
CAH	B	-0.44%
AMP	A	-0.44%
LDOS	C	-0.44%
EHC	B	-0.43%
IBKR	A	-0.43%
BSX	B	-0.43%
ECL	D	-0.43%
EXEL	B	-0.42%
ETR	B	-0.41%
RJF	A	-0.41%
ADTN	A	-0.4%
WFC	A	-0.4%
COP	C	-0.4%
UNM	A	-0.4%
DOV	A	-0.39%
ANF	C	-0.39%
JPM	A	-0.39%
ZBH	C	-0.38%
CACI	D	-0.38%
GPK	C	-0.38%
INGR	B	-0.38%
ALSN	B	-0.37%
CCK	C	-0.37%
RLI	B	-0.37%
LH	C	-0.37%
ALL	A	-0.37%
CHE	D	-0.37%
CINF	A	-0.37%
BRO	B	-0.36%
ORI	A	-0.36%
CNA	B	-0.36%
PCAR	B	-0.36%
EME	C	-0.36%
ACI	C	-0.36%
BERY	B	-0.36%
PPC	C	-0.36%
SSNC	B	-0.36%
PRI	A	-0.35%
AXP	A	-0.35%
MLI	C	-0.35%
VOYA	B	-0.35%
OGE	B	-0.35%
GAP	C	-0.35%
HAL	C	-0.35%
AFL	B	-0.35%
AIG	B	-0.34%
LHX	C	-0.34%
MO	A	-0.34%
DE	A	-0.34%
MRO	B	-0.34%
VTRS	A	-0.33%
EWBC	A	-0.33%
MSA	D	-0.33%
RGA	A	-0.33%
GLPI	C	-0.33%
NTRS	A	-0.33%
SYF	B	-0.32%
ELS	C	-0.32%
NNN	D	-0.32%
VICI	C	-0.32%
MTB	A	-0.32%
TAP	C	-0.31%
DVN	F	-0.31%
POST	C	-0.31%
PNW	B	-0.31%
CBSH	A	-0.31%
MTG	C	-0.3%
TMO	F	-0.3%
CRS	A	-0.3%
SYY	B	-0.3%
FRT	B	-0.3%
EIX	B	-0.3%
REYN	D	-0.3%
UHS	D	-0.3%
J	F	-0.3%
PCG	A	-0.3%
DVA	B	-0.29%
RYAN	B	-0.29%
SFM	A	-0.29%
HCA	F	-0.29%
LPX	B	-0.29%
MAS	D	-0.28%
WPC	D	-0.28%
CAG	D	-0.26%
FDX	B	-0.26%
CNC	D	-0.26%
THC	D	-0.25%
SAIC	F	-0.25%
DINO	D	-0.25%
AMT	D	-0.23%
APA	D	-0.23%
PAYC	B	-0.23%
FCN	D	-0.23%
PYPL	B	-0.22%
HII	D	-0.22%
MMM	D	-0.2%
FMC	D	-0.19%
HALO	F	-0.18%
LNTH	D	-0.14%
GL	B	-0.14%