VLUE vs. USMV ETF Comparison

Comparison of iShares MSCI USA Value Factor (VLUE) to iShares MSCI USA Minimum Volatility ETF (USMV)

VLUE

iShares MSCI USA Value Factor

VLUE Description

The investment seeks to track the performance of MSCI USA Value Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Value Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$114.13

Average Daily Volume

324,164

Number of Holdings ^*

148

* may have additional holdings in another (foreign) market

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

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	VLUE	USMV
30 Days	4.45%	1.70%
60 Days	5.68%	2.42%
90 Days	7.63%	4.02%
12 Months	25.66%	25.63%

36 Overlapping Holdings

Symbol	Grade	Weight in VLUE	Weight in USMV	Overlap
AKAM	D	0.14%	0.39%	0.14%
ATO	A	0.23%	0.06%	0.06%
AZPN	A	0.23%	0.23%	0.23%
BMY	B	1.55%	0.49%	0.49%
CI	F	1.37%	0.21%	0.21%
CSCO	B	6.43%	1.47%	1.47%
CTSH	B	1.1%	0.76%	0.76%
CVS	D	1.46%	0.04%	0.04%
D	C	0.47%	0.23%	0.23%
DELL	C	0.84%	0.12%	0.12%
DGX	A	0.19%	0.11%	0.11%
EG	C	0.17%	0.43%	0.17%
ELV	F	0.97%	0.52%	0.52%
FANG	D	0.6%	0.55%	0.55%
FCNCA	A	0.12%	0.88%	0.12%
FFIV	B	0.37%	0.55%	0.37%
FSLR	F	0.38%	0.06%	0.06%
GEN	B	0.42%	0.35%	0.35%
GILD	C	1.29%	0.94%	0.94%
GLW	B	1.1%	0.31%	0.31%
HIG	B	0.22%	0.12%	0.12%
IBM	C	3.86%	1.66%	1.66%
JNPR	F	0.33%	0.45%	0.33%
KHC	F	0.74%	0.38%	0.38%
KNX	B	0.19%	0.06%	0.06%
KR	B	0.75%	0.61%	0.61%
L	A	0.13%	0.28%	0.13%
NTAP	C	0.52%	0.22%	0.22%
PFE	D	2.07%	0.2%	0.2%
RTX	C	1.77%	0.09%	0.09%
T	A	6.04%	0.74%	0.74%
TEL	B	1.02%	0.07%	0.07%
TSN	B	0.44%	0.71%	0.44%
UTHR	C	0.23%	0.14%	0.14%
VLO	C	0.78%	0.05%	0.05%
VZ	C	2.91%	1.35%	1.35%

VLUE Overweight 112 Positions Relative to USMV

Symbol	Grade	Weight
INTC	D	3.65%
GM	B	3.6%
AMAT	F	2.37%
BAC	A	2.25%
WFC	A	1.92%
C	A	1.78%
F	C	1.68%
LEN	D	1.49%
MO	A	1.45%
GS	A	1.43%
DHI	D	1.4%
HPE	B	1.4%
SPG	B	1.26%
HPQ	B	1.19%
FDX	B	1.18%
NXPI	D	1.12%
PHM	D	0.94%
URI	B	0.77%
PCAR	B	0.76%
WBD	C	0.7%
ON	D	0.67%
COF	B	0.66%
ADM	D	0.65%
PCG	A	0.63%
JCI	C	0.61%
CMI	A	0.6%
CNC	D	0.57%
WY	D	0.55%
TFC	A	0.54%
LHX	C	0.53%
AIG	B	0.5%
EXPE	B	0.48%
USB	A	0.48%
ZM	B	0.47%
BK	A	0.47%
MET	A	0.46%
SWKS	F	0.46%
VST	B	0.45%
VTRS	A	0.45%
PRU	A	0.45%
NUE	C	0.45%
MRO	B	0.44%
BBY	D	0.38%
TAP	C	0.38%
BLDR	D	0.36%
OC	A	0.36%
CTRA	B	0.35%
TWLO	A	0.34%
FOXA	B	0.33%
OVV	B	0.33%
WAB	B	0.32%
PPL	B	0.32%
JBL	B	0.31%
MTB	A	0.31%
EQT	B	0.28%
PARA	C	0.27%
EVRG	A	0.27%
STLD	B	0.27%
CFG	B	0.26%
STT	A	0.26%
SSNC	B	0.25%
DAL	C	0.25%
LKQ	D	0.24%
SYF	B	0.24%
LH	C	0.24%
TXT	D	0.24%
SNA	A	0.23%
DOW	F	0.23%
CAG	D	0.23%
HST	C	0.23%
WBA	F	0.22%
SJM	D	0.22%
LYB	F	0.22%
ES	D	0.22%
FITB	A	0.21%
GPN	B	0.21%
BG	F	0.2%
EXE	B	0.2%
RF	A	0.2%
LDOS	C	0.19%
IP	B	0.19%
MAA	B	0.19%
RPRX	D	0.19%
FOX	A	0.18%
UHS	D	0.18%
QRVO	F	0.18%
MOS	F	0.17%
CNH	C	0.17%
HBAN	A	0.17%
CF	B	0.16%
DINO	D	0.16%
APA	D	0.15%
SOLV	C	0.14%
APTV	D	0.13%
CPT	B	0.13%
SW	A	0.13%
KEY	B	0.13%
EQH	B	0.12%
ACI	C	0.12%
LUV	C	0.12%
UHAL	D	0.11%
FBIN	D	0.11%
NLY	C	0.11%
ALLY	C	0.1%
SWK	D	0.1%
EMN	D	0.1%
FNF	B	0.09%
HII	D	0.09%
DVA	B	0.08%
BEN	C	0.06%
WLK	D	0.05%
BIO	D	0.05%

VLUE Underweight 134 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	B	-1.95%
MSI	B	-1.81%
WMT	A	-1.78%
PGR	A	-1.67%
WCN	A	-1.56%
RSG	A	-1.55%
BRK.A	B	-1.55%
DUK	C	-1.49%
CB	C	-1.47%
APH	A	-1.44%
WM	A	-1.44%
NOC	D	-1.43%
TXN	C	-1.39%
SO	D	-1.35%
MCK	B	-1.35%
MSFT	F	-1.34%
UNH	C	-1.34%
ORCL	B	-1.31%
ROP	B	-1.3%
ACN	C	-1.29%
AJG	B	-1.27%
MCD	D	-1.25%
LLY	F	-1.25%
PG	A	-1.23%
AVGO	D	-1.19%
JNJ	D	-1.18%
TRV	B	-1.15%
ED	D	-1.13%
MMC	B	-1.11%
ABBV	D	-1.04%
MRK	F	-1.01%
PEP	F	-1.01%
GDDY	A	-1.0%
AAPL	C	-0.99%
AZO	C	-0.98%
V	A	-0.9%
EA	A	-0.89%
CBOE	B	-0.85%
LMT	D	-0.82%
K	A	-0.8%
WEC	A	-0.78%
NOW	A	-0.75%
MA	C	-0.7%
VRTX	F	-0.69%
FI	A	-0.69%
ORLY	B	-0.68%
ACGL	D	-0.68%
COR	B	-0.67%
NVDA	C	-0.67%
GIS	D	-0.66%
VRSN	F	-0.64%
AMGN	D	-0.59%
FICO	B	-0.59%
REGN	F	-0.59%
KDP	D	-0.59%
TDY	B	-0.57%
BDX	F	-0.56%
KEYS	A	-0.55%
MPC	D	-0.54%
INCY	C	-0.53%
AON	A	-0.53%
CME	A	-0.53%
PTC	A	-0.52%
YUM	B	-0.5%
XEL	A	-0.46%
NEM	D	-0.46%
UBER	D	-0.45%
TJX	A	-0.45%
XOM	B	-0.45%
MDLZ	F	-0.44%
WDAY	B	-0.43%
ERIE	D	-0.42%
VRSK	A	-0.42%
CL	D	-0.41%
CHD	B	-0.4%
HUM	C	-0.4%
BAH	F	-0.39%
CMCSA	B	-0.39%
AEP	D	-0.39%
WTW	B	-0.38%
CTVA	C	-0.38%
ROL	B	-0.36%
IT	C	-0.35%
AFG	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%
WMB	A	-0.31%
WRB	A	-0.31%
FWONK	B	-0.31%
HSY	F	-0.3%
HD	A	-0.3%
ANET	C	-0.29%
ICE	C	-0.28%
HON	B	-0.25%
AEE	A	-0.24%
HUBS	A	-0.24%
ADI	D	-0.23%
ALNY	D	-0.22%
BMRN	D	-0.22%
HRL	D	-0.21%
KMB	D	-0.21%
TW	A	-0.2%
DTE	C	-0.2%
PKG	A	-0.2%
DPZ	C	-0.19%
CRWD	B	-0.19%
CMS	C	-0.19%
CDNS	B	-0.18%
MELI	D	-0.18%
MOH	F	-0.18%
SNPS	B	-0.18%
EOG	A	-0.17%
HOLX	D	-0.16%
LIN	D	-0.16%
STX	D	-0.16%
GOOG	C	-0.16%
AMZN	C	-0.14%
MDT	D	-0.13%
OXY	D	-0.12%
KO	D	-0.1%
LNT	A	-0.1%
ADP	B	-0.09%
ABT	B	-0.09%
OTIS	C	-0.07%
PSX	C	-0.06%
BR	A	-0.05%
CRM	B	-0.05%
GD	F	-0.05%
ULTA	F	-0.04%