XLF vs. USMV ETF Comparison

Comparison of SPDR Select Sector Fund - Financial (XLF) to iShares MSCI USA Minimum Volatility ETF (USMV)

XLF

SPDR Select Sector Fund - Financial

XLF Description

The investment seeks investment results that, before expenses, correspond to the price and yield performance of publicly traded equity securities of companies in The Financial Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: diversified financial services; insurance; commercial banks; capital markets; REITs; consumer finance; thrifts & mortgage finance; and real estate management & development. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.67

Average Daily Volume

38,760,327

Number of Holdings ^*

* 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	XLF	USMV
30 Days	7.55%	1.70%
60 Days	11.50%	2.42%
90 Days	14.45%	4.02%
12 Months	46.00%	25.63%

21 Overlapping Holdings

Symbol	Grade	Weight in XLF	Weight in USMV	Overlap
ACGL	D	0.54%	0.68%	0.54%
AIZ	A	0.16%	0.32%	0.16%
AJG	B	0.94%	1.27%	0.94%
AON	A	1.19%	0.53%	0.53%
BRK.A	B	12.45%	1.55%	1.55%
CB	C	1.57%	1.47%	1.47%
CBOE	B	0.3%	0.85%	0.3%
CME	A	1.17%	0.53%	0.53%
EG	C	0.23%	0.43%	0.23%
ERIE	D	0.15%	0.42%	0.15%
FI	A	1.76%	0.69%	0.69%
HIG	B	0.5%	0.12%	0.12%
ICE	C	1.31%	0.28%	0.28%
L	A	0.22%	0.28%	0.22%
MA	C	6.24%	0.7%	0.7%
MMC	B	1.58%	1.11%	1.11%
PGR	A	2.19%	1.67%	1.67%
TRV	B	0.85%	1.15%	0.85%
V	A	7.49%	0.9%	0.9%
WRB	A	0.26%	0.31%	0.26%
WTW	B	0.46%	0.38%	0.38%

XLF Overweight 51 Positions Relative to USMV

Symbol	Grade	Weight
JPM	A	10.0%
BAC	A	4.5%
WFC	A	3.6%
GS	A	2.7%
MS	A	2.4%
SPGI	C	2.38%
AXP	A	2.36%
BLK	C	2.12%
BX	A	1.9%
C	A	1.89%
SCHW	B	1.74%
KKR	A	1.48%
PYPL	B	1.27%
PNC	B	1.2%
USB	A	1.14%
MCO	B	1.1%
COF	B	1.02%
TFC	A	0.9%
BK	A	0.83%
AMP	A	0.8%
AFL	B	0.8%
ALL	A	0.75%
MET	A	0.71%
AIG	B	0.71%
FIS	C	0.7%
MSCI	C	0.69%
PRU	A	0.65%
DFS	B	0.63%
MTB	A	0.52%
NDAQ	A	0.47%
FITB	A	0.46%
GPN	B	0.43%
RJF	A	0.43%
STT	A	0.41%
TROW	B	0.39%
BRO	B	0.38%
HBAN	A	0.37%
SYF	B	0.37%
CPAY	A	0.37%
RF	A	0.35%
CINF	A	0.34%
NTRS	A	0.31%
CFG	B	0.3%
PFG	D	0.27%
FDS	B	0.27%
KEY	B	0.26%
JKHY	D	0.18%
MKTX	D	0.15%
GL	B	0.14%
IVZ	B	0.12%
BEN	C	0.1%

XLF Underweight 149 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	B	-1.95%
MSI	B	-1.81%
WMT	A	-1.78%
IBM	C	-1.66%
WCN	A	-1.56%
RSG	A	-1.55%
DUK	C	-1.49%
CSCO	B	-1.47%
APH	A	-1.44%
WM	A	-1.44%
NOC	D	-1.43%
TXN	C	-1.39%
VZ	C	-1.35%
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%
MCD	D	-1.25%
LLY	F	-1.25%
PG	A	-1.23%
AVGO	D	-1.19%
JNJ	D	-1.18%
ED	D	-1.13%
ABBV	D	-1.04%
MRK	F	-1.01%
PEP	F	-1.01%
GDDY	A	-1.0%
AAPL	C	-0.99%
AZO	C	-0.98%
GILD	C	-0.94%
EA	A	-0.89%
FCNCA	A	-0.88%
LMT	D	-0.82%
K	A	-0.8%
WEC	A	-0.78%
CTSH	B	-0.76%
NOW	A	-0.75%
T	A	-0.74%
TSN	B	-0.71%
VRTX	F	-0.69%
ORLY	B	-0.68%
COR	B	-0.67%
NVDA	C	-0.67%
GIS	D	-0.66%
VRSN	F	-0.64%
KR	B	-0.61%
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%
FANG	D	-0.55%
FFIV	B	-0.55%
MPC	D	-0.54%
INCY	C	-0.53%
PTC	A	-0.52%
ELV	F	-0.52%
YUM	B	-0.5%
BMY	B	-0.49%
XEL	A	-0.46%
NEM	D	-0.46%
UBER	D	-0.45%
JNPR	F	-0.45%
TJX	A	-0.45%
XOM	B	-0.45%
MDLZ	F	-0.44%
WDAY	B	-0.43%
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%
AKAM	D	-0.39%
KHC	F	-0.38%
CTVA	C	-0.38%
ROL	B	-0.36%
IT	C	-0.35%
AFG	A	-0.35%
GEN	B	-0.35%
CDW	F	-0.35%
CVX	A	-0.34%
MKL	A	-0.34%
GRMN	B	-0.33%
CPB	D	-0.33%
NBIX	C	-0.32%
WMB	A	-0.31%
GLW	B	-0.31%
FWONK	B	-0.31%
HSY	F	-0.3%
HD	A	-0.3%
ANET	C	-0.29%
HON	B	-0.25%
AEE	A	-0.24%
HUBS	A	-0.24%
ADI	D	-0.23%
D	C	-0.23%
AZPN	A	-0.23%
ALNY	D	-0.22%
NTAP	C	-0.22%
BMRN	D	-0.22%
HRL	D	-0.21%
CI	F	-0.21%
KMB	D	-0.21%
TW	A	-0.2%
DTE	C	-0.2%
PKG	A	-0.2%
PFE	D	-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%
UTHR	C	-0.14%
AMZN	C	-0.14%
MDT	D	-0.13%
DELL	C	-0.12%
OXY	D	-0.12%
DGX	A	-0.11%
KO	D	-0.1%
LNT	A	-0.1%
RTX	C	-0.09%
ADP	B	-0.09%
ABT	B	-0.09%
OTIS	C	-0.07%
TEL	B	-0.07%
ATO	A	-0.06%
PSX	C	-0.06%
FSLR	F	-0.06%
KNX	B	-0.06%
VLO	C	-0.05%
BR	A	-0.05%
CRM	B	-0.05%
GD	F	-0.05%
ULTA	F	-0.04%
CVS	D	-0.04%