VFMV vs. XTL ETF Comparison

Comparison of Vanguard U.S. Minimum Volatility ETF (VFMV) to SPDR S&P Telecom ETF (XTL)

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

$112.31

Average Daily Volume

4,395

Number of Holdings ^*

157

* may have additional holdings in another (foreign) market

XTL

SPDR S&P Telecom ETF

XTL Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the telecommunications segment of a U.S. total market composite index. In seeking to track the performance of the S&P Telecom Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the telecommunications industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$77.13

Average Daily Volume

2,685

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VFMV	XTL
30 Days	2.78%	10.78%
60 Days	2.52%	7.61%
90 Days	3.12%	2.54%
12 Months	15.89%	4.54%

7 Overlapping Holdings

Symbol	Grade	Weight in VFMV	Weight in XTL	Overlap
CSCO	F	1.18%	3.47%	1.18%
IDT	C	1.51%	0.54%	0.54%
MSI	A	0.03%	3.97%	0.03%
NTCT	F	0.04%	2.38%	0.04%
SHEN	C	0.17%	0.54%	0.17%
TMUS	B	1.45%	3.71%	1.45%
VZ	C	1.32%	3.68%	1.32%

VFMV Overweight 150 Positions Relative to XTL

Symbol	Grade	Weight
KEX	C	1.64%
CVLT	C	1.61%
ABBV	D	1.61%
TXN	C	1.59%
FCN	C	1.59%
RSG	D	1.57%
ORLY	F	1.55%
MCK	A	1.55%
NTAP	B	1.54%
IBM	D	1.54%
LLY	A	1.52%
TJX	A	1.51%
ROP	C	1.5%
CME	F	1.45%
MRK	B	1.45%
JNJ	F	1.44%
LRN	C	1.41%
MCS	F	1.38%
EA	B	1.37%
CBOE	D	1.36%
NOC	F	1.36%
CHD	A	1.35%
MCD	D	1.33%
PG	B	1.31%
LMT	A	1.31%
WM	D	1.28%
WMT	A	1.27%
MUSA	A	1.25%
DOX	F	1.16%
IDCC	B	1.12%
AVGO	C	1.1%
SAFT	D	1.09%
VECO	B	1.09%
GIS	D	1.06%
AAPL	B	1.06%
XOM	D	1.04%
WTM	C	1.04%
UNH	C	1.02%
OSIS	B	0.99%
DLB	D	0.99%
EQC	B	0.98%
MGEE	B	0.98%
CHE	F	0.96%
CL	B	0.95%
GILD	F	0.93%
HSTM	B	0.91%
BMY	F	0.89%
ADI	B	0.89%
GPOR	B	0.88%
BLKB	C	0.84%
LAUR	C	0.84%
CAH	D	0.83%
CVX	D	0.76%
NSIT	C	0.76%
INST	D	0.74%
GOOGL	B	0.72%
MSFT	C	0.71%
GOOG	B	0.7%
CRUS	B	0.66%
NABL	B	0.65%
THFF	D	0.65%
YELP	D	0.65%
PGR	C	0.64%
REGN	A	0.62%
AMGN	B	0.61%
WMB	B	0.59%
NEU	D	0.59%
CASS	D	0.58%
AMSF	F	0.58%
DUK	A	0.55%
PBH	D	0.54%
ED	C	0.5%
FLO	D	0.49%
PSN	D	0.47%
HSY	C	0.47%
TRV	D	0.47%
MATX	B	0.45%
AZO	D	0.44%
LOPE	C	0.41%
MO	A	0.4%
AJG	B	0.4%
MDLZ	F	0.4%
WEC	D	0.39%
K	C	0.38%
RLI	C	0.37%
JBSS	C	0.37%
NVEC	F	0.37%
OLLI	A	0.34%
LDOS	C	0.32%
META	D	0.32%
WSBF	C	0.31%
OSG	A	0.3%
BRK.A	B	0.29%
CLBK	F	0.28%
HRL	F	0.28%
SPOK	D	0.27%
ROL	B	0.26%
ACN	F	0.25%
KMB	B	0.24%
EXEL	D	0.24%
NWE	B	0.22%
EBF	B	0.22%
MLR	C	0.21%
KMI	B	0.21%
IMMR	B	0.21%
JJSF	B	0.2%
UVV	F	0.19%
ESGR	B	0.18%
DECK	A	0.18%
DGICA	F	0.17%
ODC	A	0.16%
SPNS	C	0.16%
PSX	D	0.16%
HMN	D	0.12%
SR	B	0.11%
HURN	D	0.11%
AMAT	C	0.11%
GHC	B	0.1%
KO	A	0.1%
QNST	C	0.09%
DJCO	C	0.09%
LRCX	C	0.08%
INCY	B	0.08%
V	D	0.08%
CNXN	B	0.08%
LANC	D	0.07%
GSBC	D	0.07%
GD	A	0.06%
CPK	B	0.06%
REYN	B	0.06%
PEP	C	0.06%
NWN	B	0.06%
NHC	A	0.06%
MSGS	B	0.05%
AKAM	F	0.05%
ATR	B	0.05%
GLRE	C	0.05%
MU	C	0.04%
VRTX	A	0.04%
DTE	A	0.04%
EIG	D	0.04%
BLFY	D	0.04%
TRUE	D	0.04%
NBIX	B	0.04%
AGYS	C	0.03%
CARS	B	0.03%
CMS	A	0.03%
ATGE	B	0.03%
CHCO	D	0.02%
TBPH	F	0.02%

VFMV Underweight 31 Positions Relative to XTL

Symbol	Grade	Weight
TDS	B	-4.28%
ANET	C	-4.06%
FYBR	B	-3.91%
IRDM	D	-3.79%
T	A	-3.75%
LITE	D	-3.56%
EXTR	D	-3.44%
JNPR	C	-3.41%
CALX	C	-3.37%
CIEN	C	-3.32%
FFIV	F	-3.26%
HLIT	B	-3.24%
CCOI	F	-3.18%
UI	B	-3.01%
AAOI	F	-2.97%
VSAT	F	-2.88%
NPAB	B	-2.81%
LUMN	F	-2.61%
INFN	B	-2.35%
VIAV	D	-2.28%
USM	A	-2.05%
GOGO	C	-1.88%
CLFD	B	-1.52%
LILAK	B	-1.47%
GSAT	F	-1.32%
DGII	F	-0.94%
BAND	C	-0.74%
NTGR	D	-0.67%
ATEX	B	-0.63%
AVNW	D	-0.46%
ATNI	F	-0.3%