VFMV vs. AFSM ETF Comparison

Comparison of Vanguard U.S. Minimum Volatility ETF (VFMV) to Active Factor Small Cap ETF (AFSM)

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$109.27

Average Daily Volume

5,696

Number of Holdings ^*

156

* may have additional holdings in another (foreign) market

AFSM

Active Factor Small Cap ETF

AFSM Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.41

Average Daily Volume

5,783

Number of Holdings ^*

308

* may have additional holdings in another (foreign) market

Performance

Period	VFMV	AFSM
30 Days	-0.99%	-1.01%
60 Days	-0.36%	-0.67%
90 Days	2.66%	4.99%
12 Months	15.27%	29.13%

20 Overlapping Holdings

Symbol	Grade	Weight in VFMV	Weight in AFSM	Overlap
CHCO	B	0.43%	0.52%	0.43%
CNXN	D	0.09%	0.6%	0.09%
CRUS	C	0.64%	0.05%	0.05%
CVLT	A	1.54%	0.34%	0.34%
EIG	D	0.04%	0.06%	0.04%
ESGR	B	0.5%	0.92%	0.5%
HURN	F	0.52%	0.46%	0.46%
IDCC	C	1.24%	0.54%	0.54%
LOPE	C	0.52%	0.31%	0.31%
LRN	A	1.5%	0.27%	0.27%
MUSA	D	0.97%	0.57%	0.57%
NHC	D	0.28%	0.52%	0.28%
NSIT	A	0.79%	0.38%	0.38%
NTCT	F	0.04%	0.37%	0.04%
OSIS	C	0.97%	0.26%	0.26%
PSN	D	0.39%	0.3%	0.3%
RLI	D	0.25%	0.24%	0.24%
SPNS	B	0.16%	0.38%	0.16%
THFF	B	0.91%	0.24%	0.24%
YELP	C	0.86%	0.1%	0.1%

VFMV Overweight 136 Positions Relative to AFSM

Symbol	Grade	Weight
CBOE	D	1.56%
IBM	D	1.56%
ROP	F	1.55%
TJX	C	1.53%
MRK	B	1.53%
ABBV	D	1.52%
IDT	A	1.52%
CME	D	1.52%
RSG	C	1.52%
EA	D	1.51%
JNJ	F	1.51%
TMUS	A	1.5%
MCK	C	1.5%
MCD	F	1.49%
FCN	B	1.48%
MCS	F	1.48%
KEX	A	1.45%
NOC	B	1.45%
LMT	B	1.43%
AAPL	C	1.42%
ORLY	D	1.42%
NTAP	C	1.41%
CHD	B	1.33%
VZ	D	1.29%
TXN	A	1.29%
PG	A	1.29%
DOX	F	1.23%
GILD	F	1.21%
WMT	C	1.16%
EQC	D	1.15%
DLB	D	1.11%
SAFT	C	1.09%
GIS	B	1.08%
BLKB	B	1.07%
CHE	F	1.07%
WM	C	1.05%
LLY	D	1.04%
AVGO	D	1.01%
INST	F	1.01%
AMGN	A	1.0%
MGEE	A	0.99%
XOM	B	0.98%
WTM	A	0.97%
HSTM	B	0.94%
CL	A	0.92%
CSCO	F	0.91%
BMY	F	0.91%
CAH	F	0.82%
UNH	C	0.79%
GPOR	C	0.79%
CVX	B	0.78%
LAUR	A	0.76%
GOOGL	A	0.73%
MSFT	C	0.7%
DUK	A	0.6%
CASS	D	0.59%
AMSF	F	0.59%
WMB	B	0.57%
ED	A	0.55%
NEU	D	0.55%
NABL	D	0.51%
FLO	B	0.51%
HSY	C	0.49%
PBH	D	0.49%
CPK	B	0.46%
WEC	B	0.44%
TRV	C	0.43%
K	B	0.41%
CLBK	F	0.41%
WSBF	B	0.4%
KMB	A	0.4%
MO	A	0.4%
AZO	D	0.39%
AJG	C	0.39%
REGN	B	0.38%
MDLZ	D	0.36%
VECO	B	0.36%
LDOS	A	0.36%
NVEC	F	0.35%
HRL	B	0.33%
JBSS	F	0.3%
ACN	F	0.28%
ADI	A	0.28%
SPOK	F	0.28%
EXEL	D	0.27%
OSG	B	0.27%
ROL	B	0.27%
UVV	B	0.27%
HPE	D	0.27%
MSGS	B	0.26%
META	D	0.26%
JJSF	F	0.26%
PGR	B	0.26%
EBF	D	0.26%
AGYS	C	0.26%
NWE	B	0.24%
SHEN	F	0.23%
IMMR	D	0.22%
KMI	A	0.22%
DGICA	F	0.19%
GSBC	B	0.18%
ODC	B	0.16%
OLLI	C	0.14%
MLR	A	0.13%
HMN	A	0.12%
SR	B	0.12%
IRDM	C	0.12%
BRK.A	D	0.12%
KO	A	0.11%
GHC	B	0.1%
HTLD	F	0.09%
DJCO	C	0.09%
INCY	D	0.09%
VRTX	D	0.07%
ATGE	A	0.07%
ATNI	F	0.07%
QNST	A	0.07%
NWN	B	0.07%
PSX	D	0.07%
NBIX	A	0.07%
GOOG	A	0.07%
MACK	B	0.07%
GD	A	0.06%
REYN	D	0.06%
LANC	D	0.06%
PEP	B	0.06%
GLRE	A	0.05%
ICE	D	0.05%
DTE	A	0.04%
TRUE	D	0.04%
BLFY	D	0.04%
MSI	A	0.03%
CMS	A	0.03%
TBPH	C	0.03%
CARS	D	0.03%
AGX	B	0.02%

VFMV Underweight 288 Positions Relative to AFSM

Symbol	Grade	Weight
BCC	D	-1.16%
ELF	D	-1.09%
HCC	B	-1.03%
FIX	C	-0.91%
DDS	B	-0.87%
PFBC	A	-0.85%
WIRE	A	-0.83%
ALKS	F	-0.82%
CAL	D	-0.81%
WFRD	B	-0.8%
ANF	C	-0.79%
TNK	B	-0.78%
MTG	C	-0.77%
MOD	B	-0.76%
KBH	B	-0.76%
SMCI	D	-0.75%
ATKR	B	-0.73%
MLI	B	-0.72%
MHO	D	-0.71%
STRL	D	-0.7%
EME	A	-0.7%
LPG	B	-0.69%
CPRX	D	-0.68%
AROC	B	-0.66%
PLUS	C	-0.66%
ARCH	D	-0.66%
TMHC	C	-0.65%
GMS	C	-0.65%
GNK	A	-0.64%
PBF	C	-0.64%
MATX	B	-0.63%
AMR	D	-0.63%
SLVM	A	-0.63%
PRDO	A	-0.62%
SSD	D	-0.61%
BMI	A	-0.6%
OTTR	B	-0.59%
SANM	B	-0.59%
AMPH	F	-0.59%
TEX	D	-0.59%
OFG	A	-0.57%
SKT	D	-0.57%
SIG	C	-0.57%
APPF	C	-0.57%
NTB	A	-0.57%
CALM	D	-0.56%
BXC	D	-0.55%
TNC	D	-0.55%
DFIN	A	-0.55%
BRBR	C	-0.54%
UFPT	A	-0.54%
BKU	B	-0.53%
BDC	C	-0.53%
PLAB	C	-0.53%
CRVL	C	-0.53%
CEIX	F	-0.51%
POWL	B	-0.51%
RDN	C	-0.5%
HUBG	C	-0.5%
GRBK	C	-0.5%
UVE	B	-0.49%
LGND	D	-0.48%
SKYW	A	-0.48%
OPCH	F	-0.48%
BTU	F	-0.46%
EGBN	F	-0.46%
FDP	D	-0.46%
CCRN	F	-0.45%
STBA	B	-0.45%
TGNA	D	-0.45%
WINA	C	-0.45%
NAVI	D	-0.45%
MEDP	D	-0.45%
HIBB	A	-0.43%
GMED	D	-0.43%
RMR	B	-0.43%
ANIP	C	-0.4%
FBP	A	-0.39%
MD	D	-0.39%
ASC	A	-0.39%
BKE	D	-0.39%
QLYS	D	-0.39%
VNDA	B	-0.38%
TWI	F	-0.38%
BPMC	A	-0.38%
VSH	C	-0.38%
ODP	C	-0.37%
CWCO	D	-0.37%
PINC	F	-0.37%
INMD	F	-0.36%
CBZ	D	-0.36%
CADE	B	-0.36%
ALRM	D	-0.36%
HRMY	C	-0.36%
GEO	B	-0.35%
ABG	F	-0.35%
COOP	A	-0.35%
ONTO	A	-0.34%
DNOW	D	-0.34%
ADUS	C	-0.34%
M	C	-0.34%
ARCB	F	-0.34%
CTRE	B	-0.33%
KOP	F	-0.33%
SCS	D	-0.33%
MTH	A	-0.33%
UFPI	C	-0.33%
APOG	A	-0.33%
CMC	C	-0.33%
MRVI	C	-0.32%
HIW	A	-0.32%
CVBF	D	-0.32%
ANDE	B	-0.32%
ALE	A	-0.32%
WTS	C	-0.32%
ETD	F	-0.31%
IBOC	A	-0.31%
WNC	F	-0.31%
AMRK	A	-0.31%
PRG	B	-0.31%
MCY	A	-0.3%
HRB	D	-0.3%
REZI	D	-0.3%
VRNS	D	-0.3%
VRNT	C	-0.3%
HLNE	A	-0.3%
HCI	B	-0.3%
RHP	D	-0.3%
IIPR	A	-0.3%
ASTH	D	-0.29%
AMWD	D	-0.29%
MED	F	-0.29%
MOG.A	A	-0.29%
SFL	A	-0.28%
NMIH	A	-0.28%
CRC	F	-0.28%
HWKN	A	-0.28%
CRS	A	-0.28%
KFY	D	-0.28%
NHI	A	-0.27%
MAC	D	-0.27%
PDM	B	-0.27%
AMKR	C	-0.27%
BELFB	B	-0.27%
BKH	B	-0.27%
HSII	D	-0.26%
ITCI	C	-0.26%
RAMP	D	-0.26%
MITK	C	-0.26%
STRA	A	-0.26%
HLX	B	-0.26%
CUZ	A	-0.26%
SUPN	D	-0.26%
NSSC	B	-0.26%
MOV	D	-0.25%
SLG	B	-0.25%
RMBS	F	-0.25%
DAKT	B	-0.25%
CORT	D	-0.25%
ACT	A	-0.25%
XRX	F	-0.25%
HAE	A	-0.25%
CATY	D	-0.25%
DFH	D	-0.24%
SD	C	-0.24%
DHT	A	-0.24%
WGO	F	-0.24%
COKE	B	-0.24%
SBRA	B	-0.24%
PK	D	-0.24%
HIMS	D	-0.23%
DUOL	A	-0.23%
CASH	B	-0.23%
KFRC	D	-0.22%
TMDX	A	-0.22%
IIIN	D	-0.22%
CMPR	D	-0.21%
PARR	F	-0.21%
PFS	B	-0.21%
WMK	D	-0.21%
DOLE	B	-0.21%
WABC	B	-0.21%
RXST	A	-0.21%
CCS	D	-0.21%
UE	B	-0.21%
TBBK	F	-0.21%
AVNS	D	-0.21%
BRZE	D	-0.2%
VGR	F	-0.2%
SITC	C	-0.2%
EPR	D	-0.2%
INSW	A	-0.2%
IDYA	D	-0.2%
LNTH	B	-0.19%
BASE	D	-0.19%
STNG	A	-0.19%
HDSN	F	-0.19%
RYI	F	-0.19%
KNSA	C	-0.19%
EXTR	F	-0.19%
HOV	B	-0.19%
KRC	D	-0.19%
QTRX	F	-0.19%
IMXI	D	-0.19%
BPOP	A	-0.18%
TCMD	F	-0.18%
INVA	B	-0.17%
CLSK	C	-0.17%
PIPR	A	-0.17%
LMAT	A	-0.17%
NUS	F	-0.17%
FWRD	F	-0.17%
MIRM	D	-0.17%
COHU	F	-0.17%
ASIX	F	-0.16%
SIGA	A	-0.16%
CHRD	B	-0.16%
MXL	D	-0.16%
AXSM	C	-0.16%
INTA	F	-0.16%
IMKTA	F	-0.16%
IRWD	F	-0.16%
LXU	C	-0.15%
LQDA	D	-0.15%
OSCR	A	-0.15%
ALXO	B	-0.14%
OMI	F	-0.14%
BRC	B	-0.14%
AYI	C	-0.13%
CECO	C	-0.13%
LBRT	B	-0.12%
AIT	C	-0.11%
NEO	D	-0.11%
FOR	D	-0.11%
ALKT	A	-0.1%
ROCK	D	-0.1%
SPSC	C	-0.1%
ASO	D	-0.1%
ESNT	D	-0.09%
ACAD	F	-0.09%
YEXT	F	-0.09%
CSGS	F	-0.08%
KRYS	D	-0.08%
KN	B	-0.08%
CABA	F	-0.08%
AMN	D	-0.07%
KTB	B	-0.07%
TPH	A	-0.07%
VCTR	A	-0.07%
CRAI	B	-0.07%
SFM	A	-0.07%
VSTO	A	-0.06%
JWN	B	-0.06%
SQSP	B	-0.06%
GES	B	-0.06%
KAI	D	-0.06%
TGTX	C	-0.06%
BECN	B	-0.06%
OPI	C	-0.06%
TNET	F	-0.06%
OVV	B	-0.06%
JBI	D	-0.06%
MLKN	D	-0.05%
INDB	C	-0.05%
PRK	A	-0.05%
FIBK	B	-0.05%
VCEL	C	-0.05%
KSS	F	-0.05%
ATEN	A	-0.05%
OGS	B	-0.05%
HVT	F	-0.05%
CTS	A	-0.05%
ZEUS	F	-0.05%
GFF	C	-0.05%
UNFI	F	-0.05%
APAM	D	-0.05%
GCO	F	-0.04%
SIBN	F	-0.04%
TDC	F	-0.04%
DVAX	D	-0.04%
PHR	D	-0.04%
EGRX	F	-0.04%
EMBC	F	-0.04%
EOLS	D	-0.04%
VSCO	F	-0.03%
SPTN	D	-0.03%
EYPT	D	-0.02%
AKR	B	-0.0%