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Investment Strategies / Mechanical Investing
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Author: mapg ✭  😊 😞
Number: of 5822 
Subject: Compare Performance of three styles
Date: 06/02/26 11:40 AM
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No. of Recommendations: 11
Kinda interesting how the different index styles have performed lately. Unexpected?

Name                           iShares MSCI USA  iShares MSCI USA  iShares MSCI USA
                                Equal Weighted   Momentum Factor     Value Factor
Issue type                           ETF               ETF               ETF
Symbol                               EUSA              MTUM              VLUE
Style Objective                  Mid-Cap Blend     Large Blend       Large Value
 
Market price                       $112.99           $324.21           $202.26
                                  Jun-2-2026        Jun-2-2026        Jun-2-2026
 
Asset class                      U.S. Equity       U.S. Equity       U.S. Equity
 
Volume                               4.5K             318.6K            158.6K
 
Market total return (YTD)            5.62%            13.55%            22.71%
                                 Apr-30-2026       Apr-30-2026       Apr-30-2026
Market total return (1 year)        20.36%            36.56%            66.59%
                                 Apr-30-2026       Apr-30-2026       Apr-30-2026
Market total return (3 years)       14.94%            27.04%            25.32%
                                 Apr-30-2026       Apr-30-2026       Apr-30-2026
 
Net expense ratio                    0.09%             0.15%             0.15%
                                 Dec-30-2025       Nov-28-2025       Nov-28-2025
 
Tracking error                       6.67              10.36             9.96
 
Concentration risk                   3.24              40.42             43.52


GD_
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Author: lizgdal ✶  😊 😞
Number: of 5822 
Subject: Re: Compare Performance of three styles
Date: 06/03/26 6:33 PM
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No. of Recommendations: 7
VLUE is not a traditional value fund. VLUE follows the MSCI USA Enhanced Value Index that uses a complicated weighting scheme. VLUE has 23% of assets in MU. On top of that, VLUE does not replicate the index, but instead buys selectively. For example, VLUE does not own any Intel. All of this makes VLUE interesting, but not a typical value fund.

MSCI USA Enhanced Value Index
Top 10 constituents as of May 29, 2026
18.36%  MICRON TECHNOLOGY
9.48%   INTEL CORP
5.94%   CISCO SYSTEMS
3.51%   APPLIED MATERIALS
2.87%   GENERAL MOTORS
2.22%   VERIZON COMMUNICATIONS
2.12%   QUALCOMM
2.01%   AT&T
1.93%   WESTERN DIGITAL
1.81%   FORD MOTOR CO

data from https://www.msci.com/indexes/index/705973

iShares MSCI USA Value Factor ETF VLUE
Top 10 Holdings as of June 1, 2026
  MU   23.02
CSCO   4.82
  GM   3.44
  VZ   2.85
  T    2.53
  F    2.20
QCOM   2.17
 BAC   1.76
CMCSA  1.73
 HPE   1.72

data from https://www.ishares.com/us/products/251616/ishares...


Other value funds (VTV, DODGX, DFLVX) hold less MU:

Fund   AUM[$B]  Holdings  Turnover  MU_weight
 VTV     238      325        8%       2.26%
DODGX    120       89       20%       0.00%
DFLVX    26       316        8%       2.54%
VLUE     15       155       30%       22.59%


Maybe VLUE is trying to amp its returns to get more AUM. Factor loadings from 2013 to May 2026 (HML) are similar for these "value" mutual funds and ETFs, but VLUE did better recently:

1yR  10yrCAGR  Ticker  Rm-Rf   SMB   HML    MOM   Alpha   Annual Alpha  R2   Name
27     12.4      VTV   0.87   -0.10  0.39  0.02   -0.02%     -0.21%     94%  Vanguard Value ETF
13     12.7    DODGX   0.96   -0.03  0.42  -0.12  0.00%       0.00%     94%  Dodge&Cox Stock I
27     11.8    DFLVX   0.97   0.01   0.48  -0.05  -0.12%     -1.40%     95%  DFA US Large Cap Value I
95     15.4     VLUE   0.97   0.03   0.43  -0.09  -0.05%     -0.66%     91%  iShares MSCI USA Value Factor ETF


Much of VLUE's recent outperformance is from the MU overweighting. MU is up 1000% in the last year, and so any ETF overweight MU did well. Congratulations to VLUE for getting this home run, let's see if they can get the next one.

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Author: mapg ✭  😊 😞
Number: of 5822 
Subject: Re: Compare Performance of three styles
Date: 06/04/26 8:00 AM
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No. of Recommendations: 3
All of this makes VLUE interesting, but not a typical value fund........but instead buys selectively.

How this company duplication happened not sure but these are not active funds. MU is the only duplicate company in the top 10.

"Their use of standardized calculations enable consistent comparison."

Top 10      VLUE                            
  Symbol             Company Name           Holdings
MU          Micron Technology Inc             21.81%
CSCO        Cisco Systems Inc                  4.71%
GM          General Motors Co                  3.64%
VZ          Verizon Communications Inc         2.96%
            BlackRock Cash Funds               2.91%
T           AT&T Inc                           2.65%
F           Ford Motor Co                      2.47%
QCOM        Qualcomm Inc                       2.35%
BAC         Bank of America Corp               1.80%
CMCSA       Comcast Corp Class A               1.80%
            As of Jun-03-20264:10:08 PM ET
 
Total: 155  VLUE                            
Top 10                                        47.09%
Other                                         52.91%
 
Top 10      MTUM                            
  Symbol             Company Name           Holdings
MU          Micron Technology Inc              6.50%
AMD         Advanced Micro Devices Inc         5.20%
AVGO        Broadcom Inc                       5.08%
INTC        Intel Corp                         4.84%
CAT         Caterpillar Inc                    3.68%
XOM         Exxon Mobil Corp                   3.30%
LRCX        Lam Research Corp                  3.15%
JNJ         Johnson & Johnson                  2.92%
GEV         GE Vernova Inc                     2.82%
GOOGL       Alphabet Inc Class A               2.59%
            As of Jun-03-20264:10:08 PM ET
 
Total: 155  MTUM                            
Top 10                                        40.08%
Other                                         59.92%


GD_



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Author: lizgdal ✶  😊 😞
Number: of 5822 
Subject: Re: Compare Performance of three styles
Date: 06/04/26 11:41 AM
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No. of Recommendations: 10
I was curious when the standard MI screens picked MU. MU hit a low in April 2025, and has headed sharply higher since. The 196 screens in the Rankings picked MU 23 times in September 2025. The 57 screens in the SI Pro Rankings picked MU 4 times in March 2026. Some of these old screens may have had a good year.

======== Rankings =========
Subject: Rankings for 25Aug2025
MU is picked by 1 screen.
https://www.shrewdm.com/MB?pid=767210731

Subject: Rankings for 29Sep2025
MU is picked by 23 screens: AssRS26, SLS_RS26, DALY, GAR4CFS, GAR4CFSpbvlt3, Screamers, KEYSTONE, BLITZ, KEYRSW, PEGFF, PIH4, KEYEPS, RS4WKT12, Olap_RS52keystone, SLS_RS13, GAR4, GAR4pbvlt3, KEY100, PST_5/10, Value_EG, PEG-NT, GARPEG, SOS_Annual
https://www.shrewdm.com/MB?pid=585608867

Subject: Rankings for 6Oct2025
MU is picked by 54 screens.
https://www.shrewdm.com/MB?pid=595359971

Subject: Rankings for 13Oct2025
MU is picked by 68 screens.
https://www.shrewdm.com/MB?pid=727439712

Subject: Rankings for 25May2026
MU is picked by 70 screens.
https://www.shrewdm.com/MB?pid=62825693


======== SI Pro Rankings ==============
Subject: SI Pro Rankings 2025-10-03
MU is picked by 2 screens.
https://www.shrewdm.com/MB?pid=281612439

Subject: SI Pro Rankings 2025-10-17
MU is picked by 1 screen.
https://www.shrewdm.com/MB?pid=607408818

Subject: SI Pro Rankings 2026-02-27
MU is picked by 1 screen.
https://www.shrewdm.com/MB?pid=429720753

Subject: SI Pro Rankings 2026-03-21
MU is picked by 4 screens: FCF-26, POG, ROE_Cash_boris, ROE_Cash_elann
https://www.shrewdm.com/MB?pid=246736065

Subject: SI Pro Rankings 2026-05-29
MU is picked by 5 screens.
https://www.shrewdm.com/MB?pid=594267148
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Author: mapg ✭  😊 😞
Number: of 5822 
Subject: Re: Compare Performance of three styles
Date: 06/04/26 1:43 PM
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No. of Recommendations: 4
Somewhat overkill but addition of sector and Industry exposure can explain Portfolio Characteristics.

iShares MSCI USA Value Factor (VLUE)                  iShares MSCI USA Momentum Factor (MTUM)         
Total: 155                                            Total: 129                                      
                                    Top 10  47.09%                                            Top 10  40.08%
                                     Other  52.91%                                             Other  59.92%
                                                                                                      
Top 10                                                Top 10
                                        MU  21.81%                                                MU   6.50%
                                      CSCO   4.71%                                               AMD   5.20%
                                        GM   3.64%                                              AVGO   5.08%
                                        VZ   2.96%                                              INTC   4.84%
                                             2.91%                                               CAT   3.68%
                                         T   2.65%                                               XOM   3.30%
                                         F   2.47%                                              LRCX   3.15%
                                      QCOM   2.35%                                               JNJ   2.92%
                                       BAC   1.80%                                               GEV   2.82%
                                     CMCSA   1.80%                                             GOOGL   2.59%
                                                    
Sector Exposure                                       Sector Exposure
                    Information Technology  41.84%                            Information Technology  49.54%
                                                                                                      
                                Financials  10.43%                                       Industrials  14.73%
                                                                                                      
                    Consumer Discretionary  10.22%                                            Energy  10.34%
                                                                                                      
                    Communication Services   9.74%                            Communication Services   5.01%
                                                                                                      
                               Industrials   8.02%                                        Financials   4.75%
                                                                                                      
                               Health Care   7.66%                                  Consumer Staples   3.85%
                                                                                                      
                          Consumer Staples   4.38%                                       Health Care   3.50%
                                                                                                      
                                    Energy   2.97%                            Consumer Discretionary   2.62%
                                                                                                      
                                 Utilities   1.94%                                         Materials   2.20%
                                                                                                      
                                 Materials   1.78%                                       Real Estate   1.27%
                                                                                                      
Industry Exposure                                     Industry Exposure                               
  Semiconductors & Semiconductor Equipment  26.09%          Semiconductors & Semiconductor Equipment  35.90%
26.09%                                                35.90%
    Diversified Telecommunication Services   7.41%                       Oil, Gas & Consumable Fuels   9.02%
                                                                                                      
                                     Banks   6.88%                                         Machinery   4.86%
                                                                                                      
                               Automobiles   6.11%        Technology Hardware, Storage & Peripherals   4.71%
                                                                                                      
                  Communications Equipment   4.96%                          Communications Equipment   4.62%
                                                                                                      
Technology Hardware, Storage & Peripherals   3.96%                      Interactive Media & Services   4.59%
                                                                                                      
          Health Care Providers & Services   3.71%                              Electrical Equipment   4.57%
                                                                                                      
                                  Software   3.42%    Electronic Equipment, Instruments & Components   4.18%
                                                                                                      
               Oil, Gas & Consumable Fuels   2.97%                                   Capital Markets   3.54%
                                                                                                      
                           Pharmaceuticals   2.94%                                   Pharmaceuticals   3.06%


GD_

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