BND vs. SHRT ETF Comparison

Comparison of Vanguard Total Bond Market ETF (BND) to Gotham Short Strategies ETF (SHRT)

BND

Vanguard Total Bond Market ETF

BND Description

The investment seeks the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$72.64

Average Daily Volume

5,867,123

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

SHRT

Gotham Short Strategies ETF

SHRT Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded on U.S. markets. The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.

Grade (RS Rating)

Last Trade

$7.57

Average Daily Volume

2,510

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	BND	SHRT
30 Days	-0.79%	-6.95%
60 Days	-3.05%	-8.41%
90 Days	-2.04%	-8.30%
12 Months	6.06%	-6.87%

72 Overlapping Holdings

Symbol	Grade	Weight in BND	Weight in SHRT	Overlap
ABBV	F	0.01%	0.48%	0.01%
ALLE	C	0.01%	0.21%	0.01%
AMAT	F	0.01%	0.31%	0.01%
BIIB	F	0.01%	1.36%	0.01%
CF	A	0.01%	0.34%	0.01%
CHD	A	0.01%	0.07%	0.01%
CHTR	C	0.01%	0.82%	0.01%
CI	D	0.01%	0.31%	0.01%
CL	D	0.01%	0.63%	0.01%
CLX	A	0.01%	0.46%	0.01%
CVX	A	0.01%	1.31%	0.01%
D	C	0.01%	0.8%	0.01%
DD	C	0.01%	0.35%	0.01%
DOX	D	0.01%	0.01%	0.01%
ECL	D	0.01%	0.5%	0.01%
EFX	F	0.01%	0.2%	0.01%
EL	F	0.01%	0.56%	0.01%
EMN	C	0.01%	0.16%	0.01%
EMR	B	0.01%	0.26%	0.01%
EOG	A	0.01%	1.12%	0.01%
EW	C	0.01%	0.19%	0.01%
FLS	B	0.01%	0.21%	0.01%
FMC	D	0.01%	1.45%	0.01%
FOXA	A	0.01%	0.18%	0.01%
GD	D	0.01%	0.33%	0.01%
GM	C	0.01%	2.09%	0.01%
H	B	0.01%	0.17%	0.01%
HAS	D	0.01%	0.35%	0.01%
HES	B	0.01%	0.3%	0.01%
ILMN	C	0.01%	0.22%	0.01%
INGR	C	0.01%	0.73%	0.01%
IPG	D	0.01%	0.1%	0.01%
JBHT	C	0.01%	0.9%	0.01%
JCI	B	0.01%	0.81%	0.01%
KEX	B	0.01%	0.09%	0.01%
KLAC	F	0.01%	0.8%	0.01%
LHX	C	0.01%	0.65%	0.01%
LII	A	0.01%	0.84%	0.01%
LRCX	F	0.01%	1.84%	0.01%
MAS	D	0.01%	0.39%	0.01%
MRO	B	0.01%	0.59%	0.01%
MRVL	B	0.01%	0.2%	0.01%
MU	D	0.01%	0.82%	0.01%
NFG	A	0.01%	0.22%	0.01%
NOC	D	0.01%	0.81%	0.01%
NOV	C	0.01%	0.08%	0.01%
NSC	B	0.01%	0.35%	0.01%
PFE	F	0.01%	0.65%	0.01%
PNR	A	0.01%	0.1%	0.01%
PWR	A	0.01%	0.02%	0.01%
QRVO	F	0.01%	0.88%	0.01%
R	B	0.01%	0.01%	0.01%
REGN	F	0.01%	0.08%	0.01%
ROST	D	0.01%	0.06%	0.01%
SCCO	F	0.01%	0.45%	0.01%
SO	C	0.01%	0.27%	0.01%
SWKS	F	0.01%	1.21%	0.01%
SWX	B	0.01%	0.13%	0.01%
SYK	B	0.01%	0.23%	0.01%
TGT	F	0.01%	2.05%	0.01%
TMO	F	0.01%	0.12%	0.01%
TSN	B	0.01%	1.15%	0.01%
UHS	D	0.01%	0.8%	0.01%
UPS	C	0.01%	0.8%	0.01%
VMC	B	0.01%	0.36%	0.01%
VMI	B	0.01%	0.32%	0.01%
VRSN	C	0.01%	0.07%	0.01%
VTRS	A	0.01%	0.14%	0.01%
WBA	F	0.01%	0.92%	0.01%
XRAY	F	0.01%	0.31%	0.01%
ZBH	C	0.01%	0.01%	0.01%
ZTS	D	0.01%	0.33%	0.01%

BND Overweight 473 Positions Relative to SHRT

Symbol	Grade	Weight
WIT	B	0.09%
LXP	D	0.01%
LVS	B	0.01%
NKE	F	0.01%
MMC	B	0.01%
PAA	B	0.01%
OSK	C	0.01%
NEM	D	0.01%
MKL	A	0.01%
MKC	C	0.01%
ORLY	B	0.01%
ORI	A	0.01%
LNT	A	0.01%
LMT	D	0.01%
LLY	F	0.01%
OCSL	F	0.01%
OC	A	0.01%
NYC	D	0.01%
NWE	B	0.01%
NVR	D	0.01%
NVDA	B	0.01%
MSI	B	0.01%
MCY	A	0.01%
NTRS	A	0.01%
MCK	A	0.01%
MCD	D	0.01%
PDM	D	0.01%
GSBD	F	0.01%
ITW	B	0.01%
HUN	F	0.01%
HUBB	B	0.01%
HSY	F	0.01%
GPN	B	0.01%
HRB	D	0.01%
HPP	F	0.01%
HON	C	0.01%
JNPR	D	0.01%
JNJ	C	0.01%
IP	A	0.01%
INVH	D	0.01%
HII	F	0.01%
HBAN	A	0.01%
JBLU	F	0.01%
JBL	C	0.01%
GWW	B	0.01%
ICE	C	0.01%
ET	A	0.01%
EQIX	A	0.01%
FTV	C	0.01%
EIX	B	0.01%
FSK	A	0.01%
CAH	B	0.01%
CAF	D	0.01%
BXP	C	0.01%
BWA	D	0.01%
BRO	B	0.01%
BR	A	0.01%
DLTR	F	0.01%
FHN	A	0.01%
DGX	A	0.01%
DE	B	0.01%
FDX	B	0.01%
ED	C	0.01%
EBAY	D	0.01%
CUBE	C	0.01%
DVN	F	0.01%
CTVA	C	0.01%
FANG	C	0.01%
DUK	C	0.01%
CTAS	B	0.01%
CSX	C	0.01%
FAF	A	0.01%
FLEX	B	0.01%
EXR	C	0.01%
EXPE	B	0.01%
EXC	C	0.01%
DRI	B	0.01%
DOW	F	0.01%
DOV	A	0.01%
DSS	F	0.01%
COKE	C	0.01%
ALB	B	0.01%
AL	B	0.01%
AJG	A	0.01%
CNP	A	0.01%
CNH	C	0.01%
AYI	B	0.01%
CMS	C	0.01%
AWH	F	0.01%
AVY	F	0.01%
CM	A	0.01%
AVA	A	0.01%
AFL	B	0.01%
AFG	A	0.01%
AER	A	0.01%
ADSK	A	0.01%
ADI	D	0.01%
CHI	A	0.01%
ADBE	C	0.01%
BLK	B	0.01%
BKH	A	0.01%
BK	A	0.01%
APTV	F	0.01%
APO	B	0.01%
BIDU	F	0.01%
BHF	C	0.01%
APH	A	0.01%
APD	A	0.01%
CCI	C	0.01%
BERY	C	0.01%
AMT	C	0.01%
AMCR	C	0.01%
CPB	D	0.01%
CP	F	0.01%
COST	A	0.01%
COO	D	0.01%
A	D	0.01%
THG	A	0.01%
TEL	B	0.01%
SYY	D	0.01%
ZION	B	0.01%
TRMB	B	0.01%
TME	D	0.01%
PKG	A	0.01%
PHM	D	0.01%
PGR	A	0.01%
NOW	A	0.01%
NNN	C	0.01%
OKE	A	0.01%
OHI	C	0.01%
OGS	A	0.01%
OGE	A	0.01%
LH	B	0.01%
O	C	0.01%
LEA	F	0.01%
LDOS	C	0.01%
MPLX	A	0.01%
MPC	D	0.01%
KEY	B	0.01%
KDP	F	0.01%
IVZ	B	0.01%
GLW	B	0.01%
GLPI	C	0.01%
JLL	D	0.01%
GL	C	0.01%
JHG	B	0.01%
JEF	A	0.01%
JD	D	0.01%
L	A	0.01%
KMT	B	0.01%
KMPR	A	0.01%
KMB	C	0.01%
GBDC	D	0.01%
UNM	A	0.01%
WEC	A	0.01%
WB	D	0.01%
UBS	B	0.01%
TXN	C	0.01%
VTR	B	0.01%
SYF	B	0.01%
SWK	D	0.01%
VRSK	A	0.01%
VNT	C	0.01%
STZ	D	0.01%
STLD	B	0.01%
XEL	A	0.01%
WTFC	A	0.01%
WPC	C	0.01%
SLG	B	0.01%
SKT	A	0.01%
SITC	D	0.01%
RS	B	0.01%
PYPL	B	0.01%
RPM	A	0.01%
PSX	C	0.01%
RL	C	0.01%
RIV	A	0.01%
PFG	D	0.01%
SCS	C	0.01%
SCHW	B	0.01%
RGA	A	0.01%
REXR	F	0.01%
SBUX	A	0.01%
SAVE	F	0.01%
SPGI	C	0.01%
SPG	A	0.01%
SAFE	F	0.01%
EG	C	0.01%
PPG	F	0.01%
SON	F	0.01%
SNX	D	0.01%
SNV	C	0.01%
MOS	F	0.01%
PCAR	B	0.01%
MA	B	0.01%
LYB	F	0.01%
MMM	D	0.01%
NHI	D	0.01%
NEU	D	0.01%
MLM	C	0.01%
OTIS	C	0.01%
LOW	C	0.01%
NDAQ	A	0.01%
LNC	C	0.01%
MHK	D	0.01%
LIN	C	0.01%
NXPI	D	0.01%
MTB	A	0.01%
MDLZ	F	0.01%
NVT	B	0.01%
MCO	B	0.01%
NUE	C	0.01%
MCHP	F	0.01%
NTAP	C	0.01%
HUM	C	0.01%
HST	C	0.01%
GPC	D	0.01%
GP	F	0.01%
HRL	D	0.01%
HR	B	0.01%
GOOGL	C	0.01%
HPQ	B	0.01%
HP	C	0.01%
HOG	D	0.01%
INTU	B	0.01%
HIW	C	0.01%
HIG	B	0.01%
IFF	D	0.01%
IEX	C	0.01%
GXO	B	0.01%
ESS	B	0.01%
ESGR	B	0.01%
ES	C	0.01%
EQR	C	0.01%
EQH	C	0.01%
EPRT	B	0.01%
EPR	C	0.01%
FTNT	C	0.01%
FRT	B	0.01%
FNF	B	0.01%
EVRG	A	0.01%
ETR	B	0.01%
ETN	A	0.01%
CAG	F	0.01%
BSX	A	0.01%
BRX	A	0.01%
AAT	B	0.01%
AAP	D	0.01%
CAT	B	0.01%
PEG	A	0.01%
PECO	A	0.01%
DOC	C	0.01%
DHR	F	0.01%
DHI	F	0.01%
DG	F	0.01%
DFS	B	0.01%
FE	C	0.01%
EE	A	0.01%
DAL	B	0.01%
EA	A	0.01%
DXC	B	0.01%
CTS	C	0.01%
DTE	C	0.01%
CSL	C	0.01%
FLO	D	0.01%
FIS	C	0.01%
BC	C	0.01%
BBY	D	0.01%
ALL	A	0.01%
COE	C	0.01%
BAX	F	0.01%
AIZ	A	0.01%
CNO	B	0.01%
AZO	C	0.01%
CNA	C	0.01%
CMI	A	0.01%
AXS	A	0.01%
AWK	C	0.01%
AVT	C	0.01%
CME	B	0.01%
CMA	B	0.01%
AVB	B	0.01%
AGR	A	0.01%
AGO	B	0.01%
ATO	A	0.01%
CINF	A	0.01%
AES	F	0.01%
AEP	C	0.01%
AEE	A	0.01%
ADP	A	0.01%
ADM	D	0.01%
CHRW	B	0.01%
CHH	A	0.01%
BMO	A	0.01%
ARW	D	0.01%
ADC	A	0.01%
ACGL	C	0.01%
BKNG	A	0.01%
ARE	F	0.01%
ARCC	A	0.01%
CE	F	0.01%
CDNS	B	0.01%
AON	A	0.01%
BG	D	0.01%
CRM	B	0.01%
CBT	D	0.01%
CBOE	C	0.01%
BEN	C	0.01%
AN	C	0.01%
AMP	A	0.01%
CACC	D	0.01%
CPT	B	0.01%
BDN	C	0.01%
BCSF	C	0.01%
AMH	C	0.01%
AMG	B	0.01%
AAL	B	0.01%
TDY	B	0.01%
TAP	C	0.01%
TRV	B	0.01%
XYL	D	0.01%
TKR	D	0.01%
TJX	A	0.01%
PH	A	0.01%
PG	C	0.01%
OPI	F	0.01%
LEN	D	0.01%
LEG	F	0.01%
LAZ	B	0.01%
MP	C	0.01%
KIM	A	0.01%
KEYS	A	0.01%
K	A	0.01%
GIS	D	0.01%
KSS	F	0.01%
KRG	B	0.01%
KRC	B	0.01%
KR	B	0.01%
KOF	F	0.01%
KMI	A	0.01%
UNP	C	0.01%
WELL	A	0.01%
UDR	B	0.01%
WBS	A	0.01%
WAB	B	0.01%
TXT	D	0.01%
TT	A	0.01%
TSLX	C	0.01%
TSCO	D	0.01%
VOYA	B	0.01%
VNO	C	0.01%
SUI	C	0.01%
STT	B	0.01%
VLO	C	0.01%
STLA	F	0.01%
STE	D	0.01%
WY	F	0.01%
WU	F	0.01%
WTRG	B	0.01%
WEST	C	0.01%
WRB	A	0.01%
VFC	C	0.01%
WMB	A	0.01%
WM	B	0.01%
WLK	D	0.01%
WHR	B	0.01%
PNW	A	0.01%
SNA	A	0.01%
RYN	D	0.01%
PM	B	0.01%
PLD	F	0.01%
SLB	C	0.01%
SJM	D	0.01%
RSG	A	0.01%
QCOM	F	0.01%
SIGI	C	0.01%
RPRX	D	0.01%
ROP	B	0.01%
ROK	C	0.01%
RNR	C	0.01%
SF	B	0.01%
RJF	A	0.01%
PSEC	D	0.01%
PSA	C	0.01%
RF	A	0.01%
SBRA	C	0.01%
REG	A	0.01%
PRE	D	0.01%
PPL	A	0.01%
MAR	A	0.01%
MAIN	A	0.01%
MAA	B	0.01%
OMC	C	0.01%
MRK	D	0.01%
USB	A	0.01%
UNH	B	0.01%
UAL	A	0.01%
RY	A	0.01%
SHW	B	0.01%
BHP	F	0.01%
BDX	F	0.01%
CARR	C	0.01%
DIS	B	0.01%
DB	D	0.01%
EDC	F	0.01%
COF	C	0.01%
MO	A	0.01%
NEE	C	0.01%
MET	A	0.01%
GSK	F	0.01%
HAL	C	0.01%
EPD	A	0.01%
GILD	C	0.01%
KO	D	0.01%
SRE	A	0.01%
WMT	A	0.01%
PNC	B	0.01%
PRU	A	0.01%
AIG	B	0.01%
BNS	A	0.01%
CFG	B	0.01%
COP	C	0.01%
TFC	A	0.01%
HPE	B	0.01%
HD	B	0.01%
HCA	F	0.01%
EQNR	C	0.01%
CB	C	0.01%
PEP	F	0.01%
DLR	B	0.01%
CSCO	B	0.01%
FITB	B	0.01%
ALLY	C	0.01%
BABA	D	0.01%
LUV	C	0.01%
NI	A	0.01%
MDT	D	0.01%
VOD	F	0.01%
RTX	D	0.01%
AZN	F	0.01%
IBM	C	0.01%
DT	D	0.01%
ORCL	A	0.01%
NWG	A	0.01%
AVGO	D	0.01%
BMY	B	0.01%
ABT	B	0.01%
AMZN	C	0.01%
AMGN	F	0.01%
AAPL	C	0.01%
DELL	B	0.01%
MUFG	B	0.01%
MS	A	0.01%
INTC	C	0.01%
C	A	0.01%
AXP	A	0.01%
CMCSA	B	0.01%
VZ	C	0.01%
XOM	B	0.01%
V	A	0.01%
PCG	A	0.01%
TD	D	0.01%
T	A	0.01%
WFC	A	0.01%
TMUS	B	0.01%
CVS	D	0.01%
MSFT	D	0.01%
GS	A	0.01%
JPM	A	0.01%
BA	F	0.01%
HSBC	A	0.01%
BAC	A	0.01%
GE	D	0.01%

BND Underweight 128 Positions Relative to SHRT

Symbol	Grade	Weight
THC	D	-1.9%
LPX	B	-1.65%
CHWY	B	-1.34%
CRUS	D	-1.26%
ELAN	D	-1.13%
RVTY	F	-1.12%
PPC	C	-1.09%
GTLS	A	-1.08%
QGEN	D	-1.01%
ZBRA	B	-1.0%
MATX	C	-0.83%
MTZ	B	-0.8%
TKO	A	-0.78%
CTLT	C	-0.75%
FCX	F	-0.71%
MKSI	C	-0.71%
CEG	C	-0.69%
OVV	B	-0.69%
ICUI	D	-0.67%
STX	C	-0.66%
WDC	D	-0.65%
CROX	D	-0.64%
J	D	-0.63%
MOH	F	-0.63%
BALL	F	-0.62%
MUR	D	-0.61%
HOLX	D	-0.58%
ENPH	F	-0.57%
KMX	B	-0.56%
RGEN	D	-0.55%
POST	C	-0.55%
ANET	C	-0.51%
EME	A	-0.5%
AVNT	B	-0.5%
CNX	A	-0.5%
AVTR	F	-0.49%
NCLH	B	-0.48%
FSS	B	-0.47%
EXEL	B	-0.46%
TPX	B	-0.44%
HALO	F	-0.44%
GNRC	C	-0.43%
BMRN	F	-0.42%
CCK	D	-0.4%
SLGN	A	-0.38%
LTH	C	-0.37%
TRU	D	-0.34%
IQV	F	-0.33%
MSGS	A	-0.32%
JAZZ	B	-0.3%
LKQ	F	-0.3%
TWLO	A	-0.29%
BLD	D	-0.29%
MMS	F	-0.29%
CTRA	B	-0.27%
UI	B	-0.26%
ONTO	F	-0.26%
TXRH	B	-0.25%
ASH	F	-0.24%
BPMC	B	-0.24%
SKYW	C	-0.23%
WSM	C	-0.23%
LEVI	F	-0.22%
PSN	D	-0.21%
BAH	F	-0.2%
HIMS	B	-0.2%
COTY	F	-0.2%
TYL	B	-0.19%
CHDN	B	-0.18%
NBIX	C	-0.17%
ALKS	C	-0.17%
GFS	C	-0.16%
GDDY	A	-0.16%
ACIW	B	-0.16%
ESI	B	-0.16%
ADMA	B	-0.15%
APPF	B	-0.15%
KTB	B	-0.15%
VLTO	C	-0.14%
SHAK	C	-0.14%
RKLB	A	-0.13%
LYFT	C	-0.13%
ISRG	A	-0.12%
INFA	D	-0.12%
PODD	C	-0.11%
GMED	A	-0.11%
CNI	F	-0.11%
IDXX	F	-0.11%
AWI	A	-0.09%
FCN	F	-0.09%
SEM	B	-0.09%
OLED	F	-0.09%
TPL	A	-0.09%
PEN	B	-0.09%
SPOT	B	-0.08%
RGLD	C	-0.08%
PLXS	B	-0.08%
IGT	F	-0.08%
PTC	B	-0.07%
CWAN	B	-0.07%
ABG	C	-0.07%
PRIM	A	-0.06%
SNDR	B	-0.05%
NXST	C	-0.05%
QTWO	A	-0.05%
FTDR	B	-0.04%
DTM	A	-0.04%
NTRA	A	-0.03%
MPWR	F	-0.03%
UBER	F	-0.03%
CMC	B	-0.03%
AOS	F	-0.02%
TER	F	-0.02%
DNB	B	-0.02%
BFAM	D	-0.02%
HSIC	C	-0.02%
APG	B	-0.02%
MTCH	D	-0.02%
TTEK	F	-0.02%
BLDR	D	-0.02%
RUSHA	C	-0.01%
GEHC	D	-0.01%
IAC	F	-0.01%
SITM	B	-0.01%
EHC	B	-0.01%
DVA	C	-0.01%
OPCH	D	-0.01%
CRVL	B	-0.0%