VFMV vs. IFRA ETF Comparison

Comparison of Vanguard U.S. Minimum Volatility ETF (VFMV) to iShares U.S. Infrastructure ETF (IFRA)

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

$108.90

Average Daily Volume

5,973

Number of Holdings ^*

156

* may have additional holdings in another (foreign) market

IFRA

iShares U.S. Infrastructure ETF

IFRA Description

The investment seeks to track the investment results of the NYSE® FactSet U.S. Infrastructure Index (the "underlying index"), an index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The index is designed to measure the performance of equity securities of U.S. companies involved in U.S. focused infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.42

Average Daily Volume

264,970

Number of Holdings ^*

154

* may have additional holdings in another (foreign) market

Performance

Period	VFMV	IFRA
30 Days	-2.19%	-1.06%
60 Days	0.65%	5.57%
90 Days	2.62%	9.52%
12 Months	13.04%	18.01%

13 Overlapping Holdings

Symbol	Grade	Weight in VFMV	Weight in IFRA	Overlap
AGX	A	0.02%	0.68%	0.02%
CMS	A	0.03%	0.71%	0.03%
CPK	B	0.46%	0.71%	0.46%
DTE	B	0.04%	0.7%	0.04%
DUK	A	0.6%	0.75%	0.6%
ED	A	0.55%	0.74%	0.55%
KMI	A	0.22%	0.74%	0.22%
MGEE	A	0.99%	0.85%	0.85%
NWE	B	0.24%	0.71%	0.24%
NWN	B	0.07%	0.72%	0.07%
SR	A	0.12%	0.71%	0.12%
WEC	B	0.44%	0.72%	0.44%
WMB	A	0.57%	0.75%	0.57%

VFMV Overweight 143 Positions Relative to IFRA

Symbol	Grade	Weight
CBOE	C	1.56%
IBM	D	1.56%
ROP	D	1.55%
CVLT	B	1.54%
TJX	C	1.53%
MRK	A	1.53%
ABBV	D	1.52%
IDT	D	1.52%
CME	D	1.52%
RSG	A	1.52%
EA	D	1.51%
JNJ	F	1.51%
TMUS	A	1.5%
LRN	A	1.5%
MCK	A	1.5%
MCD	D	1.49%
FCN	A	1.48%
MCS	F	1.48%
KEX	A	1.45%
NOC	A	1.45%
LMT	A	1.43%
AAPL	C	1.42%
ORLY	D	1.42%
NTAP	A	1.41%
CHD	A	1.33%
VZ	B	1.29%
TXN	B	1.29%
PG	A	1.29%
IDCC	C	1.24%
DOX	F	1.23%
GILD	F	1.21%
WMT	B	1.16%
EQC	D	1.15%
DLB	D	1.11%
SAFT	D	1.09%
GIS	B	1.08%
BLKB	B	1.07%
CHE	F	1.07%
WM	A	1.05%
LLY	D	1.04%
AVGO	B	1.01%
INST	F	1.01%
AMGN	B	1.0%
XOM	B	0.98%
MUSA	A	0.97%
WTM	B	0.97%
OSIS	B	0.97%
HSTM	C	0.94%
CL	A	0.92%
CSCO	F	0.91%
THFF	D	0.91%
BMY	F	0.91%
YELP	B	0.86%
CAH	D	0.82%
NSIT	C	0.79%
UNH	B	0.79%
GPOR	A	0.79%
CVX	A	0.78%
LAUR	A	0.76%
GOOGL	A	0.73%
MSFT	D	0.7%
CRUS	B	0.64%
CASS	C	0.59%
AMSF	F	0.59%
NEU	D	0.55%
HURN	D	0.52%
LOPE	C	0.52%
NABL	D	0.51%
FLO	B	0.51%
ESGR	C	0.5%
HSY	D	0.49%
PBH	B	0.49%
TRV	D	0.43%
CHCO	A	0.43%
K	A	0.41%
CLBK	B	0.41%
WSBF	D	0.4%
KMB	A	0.4%
MO	A	0.4%
PSN	C	0.39%
AZO	C	0.39%
AJG	D	0.39%
REGN	D	0.38%
MDLZ	B	0.36%
VECO	B	0.36%
LDOS	A	0.36%
NVEC	C	0.35%
HRL	B	0.33%
JBSS	D	0.3%
NHC	C	0.28%
ACN	F	0.28%
ADI	A	0.28%
SPOK	C	0.28%
EXEL	A	0.27%
OSG	C	0.27%
ROL	B	0.27%
UVV	B	0.27%
HPE	B	0.27%
MSGS	B	0.26%
META	D	0.26%
JJSF	F	0.26%
PGR	B	0.26%
EBF	C	0.26%
AGYS	A	0.26%
RLI	C	0.25%
SHEN	F	0.23%
IMMR	B	0.22%
DGICA	F	0.19%
GSBC	B	0.18%
ODC	C	0.16%
SPNS	B	0.16%
OLLI	F	0.14%
MLR	B	0.13%
HMN	A	0.12%
IRDM	C	0.12%
BRK.A	D	0.12%
KO	A	0.11%
GHC	C	0.1%
HTLD	F	0.09%
CNXN	C	0.09%
DJCO	D	0.09%
INCY	F	0.09%
VRTX	D	0.07%
ATGE	B	0.07%
ATNI	F	0.07%
QNST	A	0.07%
PSX	C	0.07%
NBIX	B	0.07%
GOOG	A	0.07%
MACK	A	0.07%
GD	A	0.06%
REYN	C	0.06%
LANC	C	0.06%
PEP	A	0.06%
GLRE	B	0.05%
ICE	D	0.05%
EIG	D	0.04%
NTCT	D	0.04%
TRUE	F	0.04%
BLFY	D	0.04%
MSI	A	0.03%
TBPH	D	0.03%
CARS	D	0.03%

VFMV Underweight 141 Positions Relative to IFRA

Symbol	Grade	Weight
VST	A	-0.93%
NRG	A	-0.89%
ETRN	A	-0.89%
CENX	A	-0.87%
NEE	B	-0.83%
AGR	A	-0.81%
D	A	-0.78%
CEG	A	-0.77%
DTM	B	-0.77%
TPC	A	-0.77%
PEG	A	-0.76%
SO	A	-0.76%
ENLC	A	-0.76%
KNTK	A	-0.76%
OGS	B	-0.75%
OKE	A	-0.75%
PNW	A	-0.75%
IDA	B	-0.75%
XEL	B	-0.75%
ETR	A	-0.74%
AVA	B	-0.74%
POR	B	-0.74%
NI	A	-0.74%
BKH	B	-0.73%
AM	A	-0.73%
CNP	A	-0.73%
EXC	A	-0.73%
EVRG	B	-0.73%
CWT	C	-0.73%
EIX	A	-0.73%
AEE	B	-0.72%
PPL	A	-0.72%
WTRG	B	-0.72%
ATO	A	-0.72%
LNT	A	-0.72%
ALE	A	-0.72%
FE	A	-0.72%
ES	B	-0.71%
SRE	A	-0.71%
PCG	A	-0.71%
OGE	A	-0.71%
AEP	A	-0.7%
AWK	D	-0.7%
SLCA	A	-0.7%
ARTNA	D	-0.69%
AWR	D	-0.68%
YORW	D	-0.68%
PNM	D	-0.68%
UNP	C	-0.67%
UTL	C	-0.67%
CRS	A	-0.66%
SJW	F	-0.66%
KALU	A	-0.66%
MSEX	D	-0.66%
NSC	C	-0.65%
CSX	D	-0.62%
USLM	A	-0.62%
AESI	A	-0.62%
PRIM	A	-0.6%
MDU	A	-0.59%
CSL	A	-0.59%
FLR	A	-0.58%
LXU	B	-0.58%
EME	A	-0.57%
OC	A	-0.57%
MLI	A	-0.57%
HE	F	-0.57%
ROAD	B	-0.56%
TRN	A	-0.56%
APOG	A	-0.56%
PWR	A	-0.56%
ECVT	B	-0.56%
HWKN	A	-0.56%
WLK	A	-0.56%
TTEK	A	-0.56%
EMN	A	-0.56%
NFE	F	-0.55%
GVA	A	-0.55%
NWPX	C	-0.55%
NGVT	B	-0.55%
SWX	A	-0.55%
XPEL	B	-0.54%
ASTE	B	-0.54%
TEX	C	-0.54%
MTZ	B	-0.54%
KNF	A	-0.54%
ATI	A	-0.54%
ACM	A	-0.54%
OSK	B	-0.54%
HEES	C	-0.53%
MLM	B	-0.53%
LYB	B	-0.53%
MTUS	B	-0.53%
STLD	D	-0.52%
ALTG	D	-0.52%
MYRG	B	-0.52%
BCC	C	-0.52%
HAYN	A	-0.52%
MATV	A	-0.52%
APG	B	-0.52%
LXFR	B	-0.51%
URI	B	-0.51%
J	C	-0.51%
ZEUS	D	-0.51%
BLD	B	-0.51%
LPX	C	-0.51%
VMI	F	-0.51%
KOP	D	-0.51%
CMC	C	-0.51%
BWMN	D	-0.51%
WMS	C	-0.51%
GBX	B	-0.51%
EXP	B	-0.51%
MTRX	D	-0.5%
OFLX	D	-0.5%
AWI	C	-0.5%
OLN	C	-0.5%
VMC	C	-0.5%
NVRI	B	-0.5%
AZEK	C	-0.49%
ASIX	F	-0.49%
STRL	B	-0.49%
TREX	C	-0.49%
RYI	F	-0.49%
FIX	B	-0.49%
SUM	C	-0.48%
WOR	C	-0.48%
ROCK	C	-0.48%
BLDR	C	-0.48%
RS	D	-0.47%
NUE	D	-0.47%
POOL	C	-0.47%
NVEE	D	-0.47%
IIIN	F	-0.46%
LMB	B	-0.45%
BXC	D	-0.45%
CLF	D	-0.44%
SSD	D	-0.43%
X	F	-0.41%
GLDD	F	-0.4%
CMP	F	-0.28%