USMV vs. VSMV ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV)

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

VSMV

VictoryShares US Multi-Factor Minimum Volatility ETF

VSMV Description

The investment seeks to provide investment results that track the performance of the Nasdaq Victory US Multi-Factor Minimum Volatility Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities included in the Nasdaq Victory US Multi-Factor Minimum Volatility Index (the index). The index utilizes a rules-based approach designed to generate investment returns with less volatility than the broader U.S. market.

Grade (RS Rating)

Last Trade

$50.60

Average Daily Volume

11,717

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USMV	VSMV
30 Days	3.92%	5.05%
60 Days	3.84%	5.08%
90 Days	5.09%	5.77%
12 Months	27.11%	24.44%

32 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in VSMV	Overlap
AAPL	A	0.99%	9.53%	0.99%
ABBV	D	1.04%	2.17%	1.04%
ACN	B	1.29%	0.25%	0.25%
ADP	A	0.09%	2.88%	0.09%
BMY	B	0.49%	0.27%	0.27%
CI	D	0.21%	2.5%	0.21%
CL	D	0.41%	0.22%	0.22%
CMCSA	C	0.39%	0.38%	0.38%
COR	A	0.67%	3.18%	0.67%
CTSH	A	0.76%	2.48%	0.76%
EOG	C	0.17%	1.96%	0.17%
FFIV	A	0.55%	1.05%	0.55%
GD	F	0.05%	0.43%	0.05%
GILD	B	0.94%	0.26%	0.26%
GIS	D	0.66%	0.21%	0.21%
JNJ	D	1.18%	3.48%	1.18%
KMB	C	0.21%	0.27%	0.21%
KO	D	0.1%	0.22%	0.1%
LMT	D	0.82%	2.92%	0.82%
MCK	B	1.35%	2.65%	1.35%
MRK	D	1.01%	2.5%	1.01%
MSFT	C	1.34%	8.63%	1.34%
MSI	B	1.81%	0.27%	0.27%
NTAP	B	0.22%	2.13%	0.22%
PG	A	1.23%	3.03%	1.23%
PKG	A	0.2%	0.4%	0.2%
RSG	A	1.55%	3.08%	1.55%
TJX	A	0.45%	0.28%	0.28%
WM	A	1.44%	2.94%	1.44%
WMB	B	0.31%	1.34%	0.31%
WMT	A	1.78%	3.94%	1.78%
XOM	C	0.45%	3.57%	0.45%

USMV Overweight 138 Positions Relative to VSMV

Symbol	Grade	Weight
TMUS	A	1.95%
PGR	A	1.67%
IBM	C	1.66%
WCN	A	1.56%
BRK.A	B	1.55%
DUK	C	1.49%
CSCO	A	1.47%
CB	C	1.47%
APH	B	1.44%
NOC	D	1.43%
TXN	D	1.39%
VZ	B	1.35%
SO	C	1.35%
UNH	B	1.34%
ORCL	B	1.31%
ROP	B	1.3%
AJG	A	1.27%
MCD	D	1.25%
LLY	D	1.25%
AVGO	D	1.19%
TRV	B	1.15%
ED	C	1.13%
MMC	A	1.11%
PEP	F	1.01%
GDDY	A	1.0%
AZO	B	0.98%
V	A	0.9%
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%
NVDA	C	0.67%
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%
MPC	D	0.54%
INCY	B	0.53%
AON	A	0.53%
CME	A	0.53%
PTC	A	0.52%
ELV	F	0.52%
YUM	B	0.5%
XEL	A	0.46%
NEM	F	0.46%
UBER	D	0.45%
JNPR	F	0.45%
MDLZ	F	0.44%
WDAY	C	0.43%
EG	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%
GEN	A	0.35%
CDW	F	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%
WRB	A	0.31%
GLW	B	0.31%
FWONK	A	0.31%
HSY	F	0.3%
HD	B	0.3%
ANET	C	0.29%
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%
TW	A	0.2%
DTE	C	0.2%
PFE	D	0.2%
DPZ	B	0.19%
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%
HIG	A	0.12%
OXY	F	0.12%
DGX	B	0.11%
LNT	A	0.1%
RTX	D	0.09%
ABT	B	0.09%
OTIS	C	0.07%
TEL	C	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%
ULTA	F	0.04%
CVS	D	0.04%

USMV Underweight 36 Positions Relative to VSMV

Symbol	Grade	Weight
AFL	A	-2.9%
CAH	B	-2.7%
COST	A	-2.64%
ALL	A	-2.63%
HPE	B	-2.25%
LDOS	D	-2.01%
KMI	B	-1.84%
GOOGL	C	-1.77%
CINF	A	-1.36%
MUSA	A	-0.87%
CCK	D	-0.83%
PAYX	B	-0.82%
NYT	D	-0.67%
ATR	B	-0.52%
DVA	A	-0.51%
SPG	A	-0.4%
ANF	C	-0.4%
CSX	B	-0.31%
ALSN	B	-0.3%
SNA	A	-0.3%
CPAY	A	-0.29%
STLD	B	-0.28%
WSO	B	-0.27%
PYPL	B	-0.26%
CHRD	F	-0.25%
BERY	B	-0.25%
AM	A	-0.25%
CAT	B	-0.24%
NUE	D	-0.24%
MMM	C	-0.23%
LSTR	C	-0.23%
THC	D	-0.22%
PHM	D	-0.22%
LEA	D	-0.21%
HCA	F	-0.2%
BBY	D	-0.2%