VOE vs. USMV ETF Comparison

Comparison of Vanguard Mid-Cap Value ETF - DNQ (VOE) to iShares MSCI USA Minimum Volatility ETF (USMV)

VOE

Vanguard Mid-Cap Value ETF - DNQ

VOE Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Value Index, a broadly diversified index of value stocks of mid-size U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$170.19

Average Daily Volume

267,244

Number of Holdings ^*

183

* 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

$92.13

Average Daily Volume

1,713,718

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	VOE	USMV
30 Days	0.84%	-0.12%
60 Days	4.21%	1.32%
90 Days	7.72%	4.11%
12 Months	29.58%	25.54%

40 Overlapping Holdings

Symbol	Grade	Weight in VOE	Weight in USMV	Overlap
ACGL	C	0.88%	0.71%	0.71%
AEE	B	0.51%	0.23%	0.23%
AJG	A	1.36%	1.25%	1.25%
AKAM	F	0.34%	0.39%	0.34%
CBOE	D	0.47%	0.8%	0.47%
CDW	F	0.67%	0.4%	0.4%
CMS	D	0.47%	0.19%	0.19%
COR	B	0.88%	0.67%	0.67%
CPB	F	0.21%	0.34%	0.21%
CTSH	A	0.84%	0.78%	0.78%
CTVA	C	0.89%	0.37%	0.37%
D	D	0.38%	0.22%	0.22%
DGX	B	0.38%	0.1%	0.1%
DTE	D	0.5%	0.19%	0.19%
EA	A	0.84%	0.83%	0.83%
ED	D	0.79%	1.12%	0.79%
EG	D	0.37%	0.42%	0.37%
GEN	B	0.32%	0.35%	0.32%
GIS	F	0.91%	0.67%	0.67%
GLW	B	0.77%	0.31%	0.31%
GRMN	A	0.6%	0.33%	0.33%
HIG	C	0.76%	0.12%	0.12%
HOLX	D	0.42%	0.16%	0.16%
HRL	F	0.21%	0.2%	0.2%
K	A	0.49%	0.79%	0.49%
KEYS	C	0.61%	0.58%	0.58%
KR	A	0.82%	0.61%	0.61%
L	A	0.33%	0.27%	0.27%
LNT	C	0.34%	0.09%	0.09%
MKL	A	0.21%	0.33%	0.21%
NEM	F	1.36%	0.47%	0.47%
NTAP	D	0.56%	0.22%	0.22%
OTIS	D	0.92%	0.06%	0.06%
PKG	B	0.43%	0.2%	0.2%
TSN	B	0.38%	0.66%	0.38%
WEC	B	0.67%	0.75%	0.67%
WMB	B	0.61%	0.29%	0.29%
WRB	B	0.36%	0.3%	0.3%
WTW	A	0.66%	0.38%	0.38%
XEL	A	0.8%	0.44%	0.44%

VOE Overweight 143 Positions Relative to USMV

Symbol	Grade	Weight
CARR	C	1.52%
DHI	D	1.23%
URI	B	1.18%
DLR	C	1.17%
OKE	A	1.17%
PCAR	B	1.14%
ALL	B	1.1%
AMP	A	1.02%
FIS	B	1.01%
LHX	B	0.99%
KVUE	A	0.98%
CMI	A	0.98%
PEG	C	0.98%
LEN	D	0.97%
PRU	B	0.95%
PCG	A	0.91%
GEHC	D	0.9%
EXC	C	0.89%
CNC	F	0.87%
SYY	D	0.85%
DOW	F	0.85%
LNG	B	0.85%
CBRE	B	0.84%
NUE	D	0.79%
BKR	B	0.79%
DFS	B	0.78%
VICI	D	0.77%
IRM	D	0.77%
HPQ	B	0.77%
EIX	C	0.74%
DD	D	0.74%
NDAQ	B	0.74%
DAL	A	0.72%
AVB	B	0.71%
EBAY	C	0.7%
WAB	B	0.7%
PPG	F	0.68%
MTB	A	0.66%
PHM	D	0.66%
FITB	A	0.64%
AWK	D	0.63%
ADM	F	0.63%
ETR	B	0.62%
BIIB	F	0.62%
FTV	C	0.61%
HPE	B	0.59%
IFF	F	0.59%
EQR	C	0.59%
CAH	B	0.59%
SPG	A	0.58%
DOV	A	0.58%
VTR	C	0.58%
JCI	A	0.57%
GPN	B	0.57%
LYB	F	0.55%
STT	B	0.55%
FE	D	0.54%
ES	D	0.54%
WY	F	0.54%
TROW	A	0.53%
WDC	D	0.52%
AIG	B	0.52%
PPL	A	0.51%
RJF	A	0.5%
ZBH	C	0.48%
CINF	A	0.47%
HBAN	A	0.47%
RF	A	0.47%
MCHP	F	0.47%
MKC	D	0.46%
ARE	F	0.46%
KMI	B	0.46%
OMC	A	0.45%
BALL	D	0.45%
IR	A	0.44%
PFG	C	0.44%
BBY	C	0.44%
CLX	A	0.44%
BAX	F	0.43%
DRI	B	0.43%
GPC	D	0.43%
SYF	B	0.43%
ESS	C	0.42%
CNP	B	0.42%
ZBRA	B	0.42%
EXPD	C	0.41%
MAA	C	0.41%
DG	F	0.41%
UAL	A	0.41%
LH	B	0.41%
MAS	D	0.4%
CFG	B	0.39%
GEV	B	0.39%
LUV	B	0.39%
AVY	F	0.39%
NTRS	A	0.38%
TXT	D	0.37%
AVTR	F	0.37%
SWK	F	0.37%
IP	B	0.37%
FNF	C	0.36%
J	D	0.36%
WBD	B	0.36%
ZM	B	0.36%
RVTY	C	0.35%
SWKS	F	0.35%
ROK	B	0.34%
SNA	A	0.34%
CF	B	0.34%
SSNC	C	0.34%
KEY	B	0.34%
CAG	F	0.34%
CE	F	0.33%
DLTR	F	0.32%
NVR	D	0.32%
VTRS	B	0.31%
WPC	F	0.3%
NWSA	B	0.29%
STE	D	0.26%
FOXA	A	0.25%
HUBB	C	0.25%
HAL	C	0.25%
RPRX	F	0.24%
LDOS	C	0.24%
EL	F	0.24%
CVNA	B	0.23%
TRU	D	0.22%
STLD	C	0.2%
DOC	C	0.18%
TRMB	B	0.17%
NI	A	0.17%
MRO	B	0.16%
EVRG	A	0.15%
CRBG	C	0.15%
MGM	D	0.1%
UDR	C	0.08%
WBA	D	0.07%
LEN	D	0.07%
BEN	C	0.07%
ALB	C	0.06%
AGR	C	0.06%
FOX	A	0.06%
WLK	F	0.06%

VOE Underweight 130 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	A	-1.92%
MSI	B	-1.83%
WMT	A	-1.7%
PGR	A	-1.68%
IBM	D	-1.65%
RSG	B	-1.52%
WCN	A	-1.5%
BRK.A	B	-1.5%
NOC	D	-1.5%
TXN	B	-1.49%
DUK	D	-1.46%
CSCO	A	-1.46%
APH	B	-1.46%
WM	A	-1.44%
CB	C	-1.42%
UNH	B	-1.4%
LLY	F	-1.39%
SO	D	-1.33%
MCK	B	-1.32%
MSFT	C	-1.32%
ROP	A	-1.31%
AVGO	C	-1.29%
ORCL	A	-1.28%
VZ	D	-1.27%
ACN	B	-1.26%
MCD	C	-1.25%
ABBV	F	-1.22%
PG	C	-1.18%
JNJ	D	-1.17%
MMC	D	-1.11%
TRV	B	-1.11%
MRK	F	-1.06%
PEP	D	-1.05%
GILD	B	-1.01%
AZO	B	-0.96%
AAPL	C	-0.96%
GDDY	B	-0.92%
V	A	-0.86%
LMT	D	-0.85%
FCNCA	B	-0.84%
VRTX	B	-0.78%
T	A	-0.72%
NOW	A	-0.72%
MA	B	-0.69%
ORLY	A	-0.67%
AMGN	F	-0.67%
NVDA	A	-0.66%
FI	A	-0.66%
VRSN	C	-0.64%
REGN	F	-0.64%
KDP	C	-0.61%
INCY	B	-0.61%
FICO	B	-0.59%
TDY	B	-0.58%
BDX	F	-0.57%
FFIV	B	-0.55%
ELV	F	-0.54%
FANG	C	-0.54%
AON	B	-0.53%
MPC	D	-0.52%
YUM	B	-0.51%
PTC	B	-0.51%
CME	B	-0.51%
BAH	C	-0.5%
JNPR	D	-0.48%
MDLZ	F	-0.45%
UBER	F	-0.45%
XOM	B	-0.45%
BMY	B	-0.44%
TJX	A	-0.43%
VRSK	A	-0.42%
WDAY	B	-0.42%
ERIE	F	-0.42%
HUM	D	-0.41%
KHC	F	-0.4%
CL	F	-0.4%
CMCSA	B	-0.39%
AEP	D	-0.38%
CHD	A	-0.37%
IT	B	-0.36%
ROL	C	-0.36%
AFG	A	-0.34%
CVX	A	-0.33%
NBIX	C	-0.33%
FWONK	A	-0.31%
ANET	C	-0.3%
HSY	F	-0.3%
AIZ	A	-0.3%
HD	B	-0.29%
ICE	C	-0.27%
ALNY	D	-0.25%
ADI	D	-0.24%
AZPN	A	-0.23%
HUBS	B	-0.23%
HON	B	-0.23%
BMRN	F	-0.23%
MOH	F	-0.21%
PFE	F	-0.21%
CI	D	-0.2%
KMB	D	-0.2%
SNPS	C	-0.19%
TW	B	-0.19%
DPZ	C	-0.19%
EOG	A	-0.17%
STX	D	-0.17%
MELI	D	-0.17%
CDNS	B	-0.17%
CRWD	B	-0.17%
GOOG	C	-0.16%
LIN	D	-0.16%
UTHR	B	-0.15%
AMZN	A	-0.14%
MDT	D	-0.13%
OXY	F	-0.12%
DELL	C	-0.11%
KO	F	-0.1%
RTX	D	-0.09%
ABT	C	-0.09%
ADP	A	-0.09%
KNX	C	-0.07%
TEL	B	-0.07%
GD	C	-0.06%
FSLR	F	-0.06%
ULTA	C	-0.05%
VLO	C	-0.05%
BR	A	-0.05%
CRM	B	-0.05%
PSX	C	-0.05%
ATO	B	-0.05%
CVS	F	-0.04%