USMV vs. XLI ETF Comparison

Comparison of iShares MSCI USA Minimum Volatility ETF (USMV) to SPDR Select Sector Fund - Industrial (XLI)

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

$91.07

Average Daily Volume

2,239,373

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

XLI

SPDR Select Sector Fund - Industrial

XLI Description

The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index. The fund invests at least 95% of its assets in the securities comprising the index. The index includes companies from the following industries: aerospace & defense; industrial conglomerates; machinery; road & rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction & engineering; trading companies & distributors; airlines; and building products. It is non-diversified.

Grade (RS Rating)

Last Trade

$134.83

Average Daily Volume

8,111,451

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USMV	XLI
30 Days	1.20%	4.73%
60 Days	5.77%	7.29%
90 Days	9.04%	10.99%
12 Months	27.40%	34.32%

13 Overlapping Holdings

Symbol	Grade	Weight in USMV	Weight in XLI	Overlap
ADP	C	0.08%	2.77%	0.08%
BR	C	0.05%	0.6%	0.05%
GD	C	0.06%	1.69%	0.06%
HON	C	0.22%	3.24%	0.22%
LMT	A	0.9%	2.95%	0.9%
NOC	B	1.54%	1.77%	1.54%
OTIS	B	0.06%	0.95%	0.06%
ROL	C	0.37%	0.34%	0.34%
RSG	D	1.5%	1.0%	1.0%
RTX	B	0.09%	3.86%	0.09%
UBER	C	0.5%	3.84%	0.5%
VRSK	D	0.4%	0.92%	0.4%
WM	D	1.37%	1.82%	1.37%

USMV Overweight 157 Positions Relative to XLI

Symbol	Grade	Weight
IBM	B	1.75%
TMUS	B	1.69%
PGR	C	1.68%
MSI	B	1.67%
WMT	B	1.66%
LLY	D	1.58%
DUK	B	1.53%
BRK.A	C	1.51%
CB	B	1.5%
WCN	D	1.49%
VZ	A	1.44%
TXN	B	1.42%
MSFT	C	1.38%
SO	B	1.38%
CSCO	B	1.35%
UNH	C	1.34%
APH	C	1.34%
ROP	C	1.31%
MCD	B	1.29%
JNJ	C	1.26%
AVGO	C	1.26%
PG	C	1.25%
ACN	C	1.24%
MRK	F	1.21%
ABBV	B	1.21%
AJG	D	1.21%
ED	B	1.2%
ORCL	B	1.15%
MMC	C	1.12%
PEP	D	1.1%
MCK	F	1.06%
TRV	C	1.05%
AAPL	C	0.99%
AZO	B	0.96%
GILD	B	0.9%
CBOE	C	0.86%
GDDY	C	0.84%
REGN	D	0.83%
K	A	0.81%
ACGL	B	0.81%
V	C	0.78%
GIS	B	0.77%
CTSH	B	0.76%
EA	D	0.76%
FCNCA	D	0.74%
WEC	B	0.74%
T	B	0.71%
VRTX	D	0.71%
KDP	B	0.71%
AMGN	D	0.7%
ELV	D	0.69%
NOW	C	0.68%
TSN	D	0.68%
MA	B	0.66%
VRSN	C	0.66%
ORLY	B	0.64%
COR	F	0.62%
BDX	D	0.6%
NEM	C	0.6%
KR	B	0.59%
FANG	F	0.57%
FI	B	0.57%
KEYS	B	0.56%
MPC	F	0.56%
NVDA	C	0.55%
ERIE	B	0.54%
TDY	B	0.53%
FFIV	B	0.52%
CME	B	0.51%
YUM	B	0.51%
MDLZ	C	0.51%
JNPR	A	0.5%
FICO	B	0.5%
PTC	C	0.49%
AON	B	0.49%
INCY	C	0.48%
CDW	D	0.46%
CL	C	0.46%
AKAM	D	0.46%
BAH	B	0.45%
XOM	D	0.45%
EG	B	0.45%
HUM	F	0.45%
TJX	C	0.44%
KHC	C	0.43%
XEL	B	0.43%
BMY	C	0.43%
AEP	C	0.41%
WDAY	D	0.41%
CPB	C	0.38%
CMCSA	C	0.38%
CHD	C	0.37%
CTVA	B	0.37%
WTW	B	0.35%
HSY	D	0.34%
IT	C	0.34%
AFG	C	0.34%
GEN	A	0.33%
NBIX	F	0.32%
MKL	C	0.32%
CVX	F	0.31%
GLW	B	0.3%
FWONK	C	0.3%
ICE	C	0.29%
AIZ	B	0.29%
WRB	D	0.29%
HD	B	0.29%
ANET	C	0.29%
GRMN	D	0.28%
L	D	0.27%
ADI	C	0.25%
BMRN	F	0.25%
ALNY	C	0.25%
WMB	C	0.24%
PFE	D	0.24%
AEE	B	0.23%
D	C	0.23%
CI	C	0.23%
HRL	F	0.22%
KMB	C	0.22%
NTAP	D	0.22%
MOH	D	0.22%
AZPN	B	0.22%
MELI	C	0.2%
CMS	B	0.2%
DTE	A	0.2%
HUBS	D	0.19%
LIN	B	0.18%
TW	B	0.18%
STX	B	0.18%
PKG	B	0.18%
DPZ	D	0.18%
HOLX	D	0.17%
SNPS	F	0.17%
CRWD	D	0.16%
CDNS	D	0.16%
EOG	D	0.16%
GOOG	D	0.15%
UTHR	B	0.14%
MDT	B	0.14%
AMZN	C	0.13%
OXY	F	0.13%
HIG	B	0.12%
KO	B	0.11%
LNT	A	0.1%
DELL	C	0.1%
DGX	B	0.1%
ABT	C	0.09%
FSLR	C	0.08%
TEL	D	0.07%
PSX	F	0.06%
KNX	C	0.06%
VLO	F	0.05%
CVS	D	0.05%
ULTA	D	0.05%
ATO	B	0.05%
CRM	C	0.04%

USMV Underweight 65 Positions Relative to XLI

Symbol	Grade	Weight
GE	C	-4.97%
CAT	B	-4.46%
UNP	D	-3.7%
ETN	C	-3.21%
DE	A	-2.59%
UPS	D	-2.35%
BA	F	-2.18%
TT	B	-2.11%
PH	B	-1.96%
TDG	B	-1.9%
MMM	B	-1.81%
ITW	B	-1.71%
CTAS	C	-1.71%
FDX	D	-1.66%
CSX	C	-1.66%
CARR	B	-1.65%
GEV	B	-1.64%
EMR	D	-1.48%
NSC	C	-1.39%
URI	B	-1.29%
PCAR	D	-1.27%
JCI	B	-1.22%
CPRT	D	-1.11%
GWW	B	-1.1%
LHX	C	-1.07%
PAYX	C	-1.04%
CMI	B	-1.03%
PWR	B	-1.03%
FAST	C	-1.0%
AME	C	-0.97%
IR	B	-0.96%
HWM	B	-0.92%
EFX	C	-0.91%
ODFL	D	-0.89%
XYL	C	-0.81%
WAB	B	-0.77%
ROK	D	-0.75%
DAL	C	-0.74%
AXON	B	-0.67%
FTV	C	-0.66%
DOV	B	-0.64%
BLDR	C	-0.6%
VLTO	B	-0.59%
HUBB	B	-0.55%
LDOS	A	-0.52%
J	A	-0.46%
MAS	B	-0.45%
EXPD	B	-0.43%
UAL	B	-0.42%
LUV	C	-0.42%
SWK	B	-0.41%
TXT	D	-0.41%
PNR	B	-0.39%
IEX	C	-0.39%
SNA	B	-0.37%
JBHT	D	-0.35%
NDSN	C	-0.34%
ALLE	B	-0.31%
CHRW	B	-0.3%
HII	F	-0.26%
AOS	B	-0.25%
DAY	D	-0.23%
GNRC	D	-0.21%
PAYC	D	-0.2%
AAL	D	-0.18%