FNDX vs. VV ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Vanguard Large-Cap ETF - DNQ (VV)

FNDX

Schwab Fundamental U.S. Large Company Index ETF

FNDX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$24.65

Average Daily Volume

1,129,045

Number of Holdings ^*

720

* may have additional holdings in another (foreign) market

VV

Vanguard Large-Cap ETF - DNQ

VV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Large Cap Index, a broadly diversified index of large U.S. companies representing approximately the top 85% of the U.S. market capitalization. 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

$274.31

Average Daily Volume

210,421

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	VV
30 Days	1.77%	2.40%
60 Days	6.20%	6.84%
90 Days	7.97%	8.56%
12 Months	30.73%	35.38%

428 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in VV	Overlap
	A	F	0.06%	0.09%	0.06%
	AAPL	C	4.32%	6.93%	4.32%
	ABBV	D	0.58%	0.72%	0.58%
	ABT	C	0.34%	0.41%	0.34%
	ACGL	D	0.03%	0.08%	0.03%
	ACN	C	0.35%	0.46%	0.35%
	ADBE	C	0.18%	0.47%	0.18%
	ADI	F	0.14%	0.24%	0.14%
	ADM	F	0.2%	0.06%	0.06%
	ADP	A	0.15%	0.23%	0.15%
	ADSK	A	0.03%	0.12%	0.03%
	AEE	A	0.07%	0.05%	0.05%
	AEP	D	0.16%	0.11%	0.11%
	AFL	C	0.2%	0.13%	0.13%
	AIG	B	0.28%	0.1%	0.1%
	AJG	A	0.05%	0.13%	0.05%
	AKAM	F	0.04%	0.03%	0.03%
	ALB	B	0.03%	0.01%	0.01%
	ALGN	F	0.02%	0.04%	0.02%
	ALL	A	0.26%	0.1%	0.1%
	AMAT	F	0.25%	0.34%	0.25%
	AMD	F	0.1%	0.55%	0.1%
	AME	A	0.05%	0.08%	0.05%
	AMGN	F	0.42%	0.36%	0.36%
	AMP	A	0.14%	0.09%	0.09%
	AMT	F	0.11%	0.22%	0.11%
	AMZN	A	1.54%	3.62%	1.54%
	ANET	C	0.04%	0.2%	0.04%
	ANSS	B	0.02%	0.06%	0.02%
	AON	A	0.13%	0.15%	0.13%
	APD	B	0.12%	0.14%	0.12%
	APH	B	0.09%	0.16%	0.09%
	APO	B	0.03%	0.1%	0.03%
	APTV	D	0.02%	0.04%	0.02%
	ARE	F	0.03%	0.04%	0.03%
	AVB	A	0.05%	0.07%	0.05%
	AVGO	C	0.66%	1.65%	0.66%
	AVTR	F	0.02%	0.03%	0.02%
	AVY	F	0.04%	0.04%	0.04%
	AWK	D	0.04%	0.06%	0.04%
	AXP	B	0.36%	0.28%	0.28%
	AZO	C	0.06%	0.11%	0.06%
	BA	F	0.12%	0.19%	0.12%
	BAC	A	1.26%	0.57%	0.57%
	BALL	D	0.06%	0.04%	0.04%
	BAX	F	0.07%	0.04%	0.04%
	BBY	D	0.16%	0.04%	0.04%
	BDX	D	0.11%	0.14%	0.11%
	BEN	C	0.04%	0.01%	0.01%
	BIIB	F	0.09%	0.06%	0.06%
	BK	B	0.26%	0.11%	0.11%
	BKNG	A	0.24%	0.29%	0.24%
	BKR	B	0.16%	0.07%	0.07%
	BMY	B	0.42%	0.22%	0.22%
	BR	A	0.03%	0.05%	0.03%
	BRK.A	B	2.13%	1.66%	1.66%
	BRK.A	B	2.13%	0.07%	0.07%
	BRO	A	0.02%	0.05%	0.02%
	BSX	A	0.09%	0.25%	0.09%
	BURL	C	0.03%	0.03%	0.03%
	BX	A	0.12%	0.23%	0.12%
	C	A	1.1%	0.23%	0.23%
	CAG	F	0.06%	0.03%	0.03%
	CAH	A	0.07%	0.06%	0.06%
	CARR	C	0.12%	0.14%	0.12%
	CAT	C	0.43%	0.39%	0.39%
	CB	C	0.25%	0.23%	0.23%
	CBOE	D	0.01%	0.04%	0.01%
	CBRE	A	0.13%	0.08%	0.08%
	CCI	F	0.09%	0.11%	0.09%
	CCL	A	0.06%	0.04%	0.04%
	CDNS	B	0.03%	0.15%	0.03%
	CDW	F	0.05%	0.06%	0.05%
	CE	F	0.04%	0.03%	0.03%
	CEG	D	0.11%	0.17%	0.11%
	CF	B	0.07%	0.03%	0.03%
	CFG	B	0.1%	0.04%	0.04%
	CHD	B	0.04%	0.05%	0.04%
	CHTR	B	0.35%	0.06%	0.06%
	CI	D	0.47%	0.2%	0.2%
	CINF	A	0.07%	0.04%	0.04%
	CL	F	0.12%	0.17%	0.12%
	CLX	A	0.04%	0.04%	0.04%
	CMCSA	B	0.84%	0.33%	0.33%
	CME	A	0.08%	0.16%	0.08%
	CMG	B	0.04%	0.16%	0.04%
	CMI	A	0.18%	0.09%	0.09%
	CMS	C	0.06%	0.04%	0.04%
	CNC	F	0.2%	0.08%	0.08%
	CNP	B	0.06%	0.04%	0.04%
	COF	B	0.48%	0.11%	0.11%
	COP	C	0.48%	0.25%	0.25%
	COR	A	0.03%	0.08%	0.03%
	COST	B	0.65%	0.81%	0.65%
	CPAY	A	0.05%	0.04%	0.04%
	CPB	F	0.03%	0.02%	0.02%
	CPRT	A	0.03%	0.09%	0.03%
	CRBG	C	0.04%	0.01%	0.01%
	CRM	B	0.14%	0.52%	0.14%
	CSCO	A	0.82%	0.4%	0.4%
	CSX	B	0.21%	0.14%	0.14%
	CTAS	A	0.08%	0.15%	0.08%
	CTRA	B	0.03%	0.03%	0.03%
	CTSH	A	0.19%	0.08%	0.08%
	CTVA	C	0.09%	0.08%	0.08%
	CVS	F	0.7%	0.16%	0.16%
	CVX	B	1.21%	0.53%	0.53%
	D	D	0.17%	0.1%	0.1%
	DAL	A	0.03%	0.07%	0.03%
	DD	D	0.18%	0.07%	0.07%
	DE	D	0.24%	0.22%	0.22%
	DELL	B	0.03%	0.07%	0.03%
	DFS	B	0.26%	0.07%	0.07%
	DG	F	0.08%	0.04%	0.04%
	DGX	A	0.07%	0.04%	0.04%
	DHI	F	0.16%	0.12%	0.12%
	DHR	F	0.15%	0.37%	0.15%
	DIS	B	0.41%	0.36%	0.36%
	DLR	C	0.08%	0.11%	0.08%
	DLTR	F	0.05%	0.03%	0.03%
	DOC	C	0.04%	0.02%	0.02%
	DOV	A	0.06%	0.05%	0.05%
	DOW	F	0.2%	0.08%	0.08%
	DPZ	C	0.03%	0.03%	0.03%
	DRI	B	0.05%	0.04%	0.04%
	DTE	D	0.07%	0.05%	0.05%
	DUK	D	0.3%	0.18%	0.18%
	DVN	F	0.09%	0.05%	0.05%
	EA	A	0.09%	0.08%	0.08%
	EBAY	C	0.17%	0.07%	0.07%
	ECL	C	0.08%	0.13%	0.08%
	ED	D	0.12%	0.07%	0.07%
	EFX	D	0.03%	0.07%	0.03%
	EG	D	0.02%	0.03%	0.02%
	EIX	C	0.09%	0.07%	0.07%
	EL	F	0.03%	0.05%	0.03%
	ELV	F	0.38%	0.25%	0.25%
	EMR	A	0.17%	0.13%	0.13%
	EOG	A	0.22%	0.14%	0.14%
	EQIX	B	0.08%	0.17%	0.08%
	EQR	C	0.05%	0.06%	0.05%
	EQT	B	0.04%	0.02%	0.02%
	ES	D	0.08%	0.05%	0.05%
	ESS	C	0.03%	0.04%	0.03%
	ETN	A	0.23%	0.27%	0.23%
	ETR	B	0.12%	0.06%	0.06%
	EVRG	A	0.07%	0.01%	0.01%
	EW	D	0.04%	0.08%	0.04%
	EXC	C	0.17%	0.08%	0.08%
	EXPD	D	0.04%	0.04%	0.04%
	EXPE	B	0.03%	0.04%	0.03%
	EXR	D	0.03%	0.08%	0.03%
	F	C	0.33%	0.08%	0.08%
	FANG	D	0.05%	0.07%	0.05%
	FAST	A	0.08%	0.08%	0.08%
	FCX	F	0.15%	0.15%	0.15%
	FDX	B	0.3%	0.12%	0.12%
	FE	D	0.09%	0.05%	0.05%
	FI	A	0.13%	0.21%	0.13%
	FIS	B	0.11%	0.09%	0.09%
	FITB	A	0.12%	0.06%	0.06%
	FNF	C	0.06%	0.03%	0.03%
	FOXA	A	0.09%	0.02%	0.02%
	FSLR	F	0.01%	0.05%	0.01%
	FTNT	B	0.03%	0.1%	0.03%
	FTV	D	0.03%	0.06%	0.03%
	GD	A	0.22%	0.15%	0.15%
	GDDY	A	0.03%	0.05%	0.03%
	GE	C	0.15%	0.4%	0.15%
	GEHC	F	0.1%	0.08%	0.08%
	GEN	A	0.04%	0.03%	0.03%
	GEV	B	0.05%	0.14%	0.05%
	GILD	C	0.39%	0.21%	0.21%
	GIS	F	0.11%	0.08%	0.08%
	GLW	C	0.14%	0.07%	0.07%
	GM	A	0.76%	0.1%	0.1%
	GOOG	B	1.17%	1.63%	1.17%
	GOOGL	B	1.36%	2.0%	1.36%
	GPC	D	0.05%	0.04%	0.04%
	GPN	B	0.08%	0.05%	0.05%
	GRMN	A	0.03%	0.06%	0.03%
	GS	B	0.61%	0.32%	0.32%
	GWW	B	0.08%	0.09%	0.08%
	HAL	C	0.06%	0.05%	0.05%
	HBAN	B	0.07%	0.04%	0.04%
	HCA	D	0.21%	0.15%	0.15%
	HD	B	0.78%	0.83%	0.78%
	HES	C	0.05%	0.08%	0.05%
	HIG	C	0.14%	0.07%	0.07%
	HLT	A	0.06%	0.12%	0.06%
	HOLX	D	0.04%	0.04%	0.04%
	HON	B	0.35%	0.28%	0.28%
	HPE	B	0.21%	0.05%	0.05%
	HPQ	B	0.21%	0.07%	0.07%
	HRL	F	0.03%	0.02%	0.02%
	HSY	D	0.04%	0.06%	0.04%
	HUBB	B	0.04%	0.02%	0.02%
	HUM	D	0.19%	0.08%	0.08%
	HWM	A	0.07%	0.08%	0.07%
	IBM	C	0.55%	0.42%	0.42%
	ICE	D	0.11%	0.19%	0.11%
	IDXX	D	0.02%	0.09%	0.02%
	IFF	F	0.05%	0.06%	0.05%
	ILMN	C	0.03%	0.04%	0.03%
	INTC	C	0.93%	0.19%	0.19%
	INTU	A	0.11%	0.34%	0.11%
	INVH	D	0.03%	0.04%	0.03%
	IP	C	0.17%	0.03%	0.03%
	IQV	F	0.07%	0.08%	0.07%
	IR	A	0.03%	0.08%	0.03%
	IRM	D	0.06%	0.07%	0.06%
	ISRG	A	0.08%	0.36%	0.08%
	IT	A	0.03%	0.08%	0.03%
	ITW	A	0.15%	0.15%	0.15%
	J	B	0.05%	0.03%	0.03%
	JBHT	B	0.05%	0.03%	0.03%
	JCI	A	0.16%	0.11%	0.11%
	JNJ	D	0.92%	0.8%	0.8%
	JPM	B	1.98%	1.23%	1.23%
	K	A	0.06%	0.05%	0.05%
	KDP	D	0.07%	0.08%	0.07%
	KEY	B	0.1%	0.03%	0.03%
	KEYS	C	0.04%	0.06%	0.04%
	KHC	F	0.1%	0.06%	0.06%
	KKR	B	0.12%	0.18%	0.12%
	KLAC	F	0.08%	0.21%	0.08%
	KMB	F	0.1%	0.1%	0.1%
	KMI	B	0.22%	0.09%	0.09%
	KO	F	0.36%	0.57%	0.36%
	KR	A	0.3%	0.08%	0.08%
	KVUE	B	0.05%	0.09%	0.05%
	L	A	0.05%	0.03%	0.03%
	LDOS	B	0.09%	0.02%	0.02%
	LEN	D	0.16%	0.09%	0.09%
	LEN	D	0.16%	0.0%	0.0%
	LH	A	0.09%	0.04%	0.04%
	LHX	A	0.16%	0.09%	0.09%
	LIN	D	0.34%	0.47%	0.34%
	LLY	F	0.2%	1.56%	0.2%
	LMT	C	0.37%	0.29%	0.29%
	LNG	B	0.06%	0.08%	0.06%
	LNT	C	0.04%	0.03%	0.03%
	LOW	B	0.42%	0.32%	0.32%
	LPLA	B	0.04%	0.04%	0.04%
	LULU	C	0.01%	0.06%	0.01%
	LUV	B	0.02%	0.04%	0.02%
	LVS	C	0.04%	0.04%	0.04%
	LYB	F	0.14%	0.05%	0.05%
	MA	B	0.28%	0.84%	0.28%
	MAA	C	0.03%	0.04%	0.03%
	MAR	A	0.09%	0.12%	0.09%
	MAS	D	0.05%	0.04%	0.04%
	MCD	C	0.33%	0.45%	0.33%
	MCHP	F	0.05%	0.09%	0.05%
	MCK	A	0.11%	0.13%	0.11%
	MCO	C	0.07%	0.15%	0.07%
	MDLZ	F	0.2%	0.2%	0.2%
	MDT	D	0.17%	0.24%	0.17%
	MET	C	0.25%	0.1%	0.1%
	META	B	1.82%	2.57%	1.82%
	MGM	D	0.06%	0.01%	0.01%
	MKC	D	0.03%	0.04%	0.03%
	MKL	A	0.05%	0.04%	0.04%
	MLM	B	0.05%	0.07%	0.05%
	MMC	C	0.14%	0.23%	0.14%
	MMM	C	0.35%	0.15%	0.15%
	MNST	B	0.05%	0.07%	0.05%
	MO	A	0.36%	0.18%	0.18%
	MOH	F	0.05%	0.04%	0.04%
	MPC	D	0.39%	0.11%	0.11%
	MRK	F	0.44%	0.59%	0.44%
	MRNA	F	0.03%	0.05%	0.03%
	MRO	B	0.08%	0.03%	0.03%
	MRVL	B	0.05%	0.13%	0.05%
	MS	A	0.45%	0.26%	0.26%
	MSCI	B	0.03%	0.09%	0.03%
	MSFT	C	2.41%	6.58%	2.41%
	MSI	B	0.06%	0.15%	0.06%
	MTB	B	0.1%	0.06%	0.06%
	MTD	F	0.03%	0.07%	0.03%
	MU	D	0.43%	0.24%	0.24%
	NDAQ	A	0.03%	0.07%	0.03%
	NEE	D	0.24%	0.36%	0.24%
	NEM	F	0.14%	0.13%	0.13%
	NFLX	A	0.16%	0.63%	0.16%
	NI	A	0.04%	0.02%	0.02%
	NKE	F	0.19%	0.22%	0.19%
	NOC	C	0.2%	0.16%	0.16%
	NOW	A	0.01%	0.38%	0.01%
	NSC	B	0.21%	0.12%	0.12%
	NTAP	D	0.07%	0.05%	0.05%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	C	0.21%	0.07%	0.07%
	NVDA	B	0.41%	5.84%	0.41%
	NVR	D	0.08%	0.06%	0.06%
	NWSA	B	0.04%	0.02%	0.02%
	O	D	0.04%	0.11%	0.04%
	ODFL	B	0.06%	0.08%	0.06%
	OKE	A	0.13%	0.11%	0.11%
	OMC	B	0.08%	0.04%	0.04%
	ON	F	0.04%	0.06%	0.04%
	ORCL	A	0.5%	0.58%	0.5%
	ORLY	A	0.1%	0.14%	0.1%
	OTIS	C	0.05%	0.09%	0.05%
	OXY	D	0.11%	0.07%	0.07%
	PANW	A	0.03%	0.23%	0.03%
	PAYX	B	0.06%	0.09%	0.06%
	PCAR	B	0.15%	0.11%	0.11%
	PCG	A	0.03%	0.09%	0.03%
	PEG	C	0.1%	0.09%	0.09%
	PEP	D	0.41%	0.48%	0.41%
	PFE	F	0.71%	0.34%	0.34%
	PFG	C	0.09%	0.04%	0.04%
	PG	C	0.75%	0.84%	0.75%
	PGR	A	0.23%	0.31%	0.23%
	PH	A	0.12%	0.17%	0.12%
	PHM	D	0.11%	0.06%	0.06%
	PKG	B	0.07%	0.04%	0.04%
	PLD	D	0.07%	0.24%	0.07%
	PM	C	0.46%	0.39%	0.39%
	PNC	B	0.3%	0.15%	0.15%
	POOL	D	0.02%	0.01%	0.01%
	PPG	F	0.08%	0.06%	0.06%
	PPL	A	0.11%	0.05%	0.05%
	PRU	B	0.22%	0.09%	0.09%
	PSA	C	0.05%	0.12%	0.05%
	PSX	D	0.35%	0.11%	0.11%
	PWR	B	0.07%	0.09%	0.07%
	PYPL	A	0.21%	0.16%	0.16%
	QCOM	F	0.45%	0.39%	0.39%
	REGN	F	0.1%	0.23%	0.1%
	RF	B	0.08%	0.04%	0.04%
	RJF	A	0.05%	0.05%	0.05%
	RMD	C	0.04%	0.07%	0.04%
	ROK	B	0.06%	0.06%	0.06%
	ROP	A	0.05%	0.12%	0.05%
	ROST	F	0.07%	0.1%	0.07%
	RSG	A	0.06%	0.08%	0.06%
	RTX	C	0.34%	0.33%	0.33%
	RVTY	C	0.03%	0.03%	0.03%
	SBAC	D	0.02%	0.05%	0.02%
	SBUX	B	0.27%	0.23%	0.23%
	SCHW	A	0.11%	0.2%	0.11%
	SHW	A	0.08%	0.18%	0.08%
	SLB	C	0.12%	0.12%	0.12%
	SNA	A	0.05%	0.03%	0.03%
	SNPS	B	0.03%	0.16%	0.03%
	SO	D	0.26%	0.2%	0.2%
	SPG	B	0.1%	0.11%	0.1%
	SPGI	C	0.14%	0.34%	0.14%
	SQ	B	0.02%	0.08%	0.02%
	SRE	A	0.13%	0.11%	0.11%
	SSNC	C	0.04%	0.03%	0.03%
	STE	F	0.03%	0.05%	0.03%
	STLD	B	0.12%	0.02%	0.02%
	STT	B	0.1%	0.05%	0.05%
	STX	D	0.09%	0.05%	0.05%
	STZ	D	0.07%	0.09%	0.07%
	SUI	D	0.02%	0.03%	0.02%
	SWK	F	0.07%	0.03%	0.03%
	SWKS	F	0.04%	0.03%	0.03%
	SYF	B	0.33%	0.04%	0.04%
	SYK	A	0.12%	0.26%	0.12%
	SYY	B	0.1%	0.08%	0.08%
	T	A	1.25%	0.32%	0.32%
	TDG	B	0.07%	0.16%	0.07%
	TDY	A	0.03%	0.04%	0.03%
	TER	F	0.04%	0.05%	0.04%
	TFC	B	0.23%	0.12%	0.12%
	TGT	C	0.37%	0.15%	0.15%
	TJX	B	0.22%	0.27%	0.22%
	TMO	F	0.26%	0.49%	0.26%
	TMUS	A	0.25%	0.2%	0.2%
	TRGP	B	0.07%	0.03%	0.03%
	TRMB	B	0.03%	0.03%	0.03%
	TROW	B	0.13%	0.05%	0.05%
	TRU	D	0.03%	0.04%	0.03%
	TRV	B	0.3%	0.11%	0.11%
	TSCO	C	0.06%	0.06%	0.06%
	TSLA	B	0.26%	1.46%	0.26%
	TSN	C	0.18%	0.04%	0.04%
	TT	A	0.06%	0.18%	0.06%
	TTWO	A	0.03%	0.05%	0.03%
	TXN	C	0.36%	0.39%	0.36%
	TXT	C	0.06%	0.03%	0.03%
	UBER	F	0.04%	0.31%	0.04%
	UDR	C	0.02%	0.02%	0.02%
	ULTA	C	0.03%	0.04%	0.03%
	UNH	B	1.24%	1.11%	1.11%
	UNP	C	0.36%	0.31%	0.31%
	UPS	C	0.29%	0.21%	0.21%
	URI	B	0.13%	0.11%	0.11%
	USB	A	0.31%	0.15%	0.15%
	V	A	0.36%	0.87%	0.36%
	VICI	D	0.02%	0.07%	0.02%
	VLO	D	0.37%	0.08%	0.08%
	VMC	B	0.05%	0.07%	0.05%
	VRSK	A	0.04%	0.08%	0.04%
	VRSN	C	0.01%	0.03%	0.01%
	VRTX	B	0.08%	0.25%	0.08%
	VST	B	0.15%	0.08%	0.08%
	VTR	C	0.08%	0.05%	0.05%
	VTRS	B	0.1%	0.03%	0.03%
	VZ	C	1.12%	0.35%	0.35%
	WAB	A	0.06%	0.07%	0.06%
	WAT	A	0.04%	0.04%	0.04%
	WBA	D	0.18%	0.01%	0.01%
	WBD	B	0.08%	0.04%	0.04%
	WDC	D	0.13%	0.05%	0.05%
	WEC	B	0.08%	0.06%	0.06%
	WELL	B	0.1%	0.16%	0.1%
	WFC	A	1.29%	0.4%	0.4%
	WLK	F	0.02%	0.01%	0.01%
	WM	A	0.15%	0.17%	0.15%
	WMB	B	0.17%	0.11%	0.11%
	WMT	A	1.45%	0.74%	0.74%
	WPC	F	0.02%	0.03%	0.02%
	WRB	B	0.03%	0.03%	0.03%
	WST	B	0.02%	0.04%	0.02%
	WTW	A	0.07%	0.06%	0.06%
	WY	F	0.09%	0.05%	0.05%
	XEL	A	0.12%	0.07%	0.07%
	XOM	B	1.99%	1.07%	1.07%
	XYL	D	0.03%	0.07%	0.03%
	YUM	B	0.08%	0.08%	0.08%
	ZBH	C	0.05%	0.05%	0.05%
	ZBRA	A	0.04%	0.04%	0.04%
	ZTS	D	0.07%	0.16%	0.07%

FNDX Overweight 294 Positions Relative to VV

	Symbol	Grade	Weight
	LUMN	B	0.68%
	LRCX	F	0.16%
	PARA	C	0.11%
	NRG	B	0.11%
	ALLY	C	0.1%
	BG	D	0.1%
	RS	B	0.09%
	SW	C	0.09%
	USFD	A	0.08%
	EMN	D	0.08%
	AVT	C	0.08%
	ARW	F	0.08%
	UHS	D	0.08%
	WKC	D	0.08%
	X	C	0.08%
	JLL	C	0.08%
	FLEX	B	0.07%
	CMA	A	0.07%
	JBL	C	0.07%
	R	A	0.07%
	MOS	D	0.07%
	VFC	C	0.07%
	LAD	B	0.07%
	THC	B	0.07%
	WHR	B	0.07%
	CHRW	A	0.07%
	TOL	C	0.06%
	SJM	F	0.06%
	UNM	A	0.06%
	BLDR	D	0.06%
	ZION	B	0.06%
	BFH	B	0.06%
	M	D	0.06%
	OMF	A	0.06%
	PFGC	B	0.06%
	MHK	D	0.06%
	EME	B	0.06%
	OC	A	0.06%
	KMX	C	0.06%
	KSS	F	0.06%
	AA	C	0.06%
	MAN	F	0.05%
	UGI	D	0.05%
	OGN	F	0.05%
	ORI	A	0.05%
	ACM	B	0.05%
	INGR	B	0.05%
	TPR	B	0.05%
	CSL	B	0.05%
	AES	F	0.05%
	JXN	B	0.05%
	KD	A	0.05%
	VNO	C	0.05%
	AN	C	0.05%
	JNPR	D	0.05%
	TAP	B	0.05%
	IVZ	C	0.05%
	NXPI	F	0.05%
	GPI	A	0.05%
	ALSN	A	0.05%
	DINO	D	0.05%
	LEA	F	0.05%
	OVV	C	0.05%
	BXP	D	0.05%
	EQH	B	0.05%
	DXC	B	0.05%
	SFM	B	0.05%
	CASY	B	0.05%
	LKQ	D	0.05%
	BWA	B	0.05%
	TDS	B	0.05%
	LNC	B	0.05%
	JEF	A	0.05%
	DVA	C	0.05%
	CACI	C	0.04%
	GAP	B	0.04%
	MLI	B	0.04%
	AMG	B	0.04%
	HUN	F	0.04%
	BCC	B	0.04%
	HBI	B	0.04%
	CLF	D	0.04%
	PNR	A	0.04%
	SANM	B	0.04%
	OSK	B	0.04%
	ZIM	B	0.04%
	RPM	A	0.04%
	NXST	C	0.04%
	CNO	B	0.04%
	UFPI	B	0.04%
	FBIN	F	0.04%
	FYBR	D	0.04%
	BAH	C	0.04%
	IPG	F	0.04%
	SLM	B	0.04%
	RGA	A	0.04%
	ATO	A	0.04%
	TMHC	C	0.04%
	HST	C	0.04%
	FAF	C	0.04%
	DKS	F	0.04%
	CCK	D	0.04%
	MUSA	B	0.04%
	RHI	B	0.04%
	DOX	C	0.04%
	PNW	B	0.04%
	GT	C	0.04%
	AYI	B	0.04%
	HSIC	F	0.04%
	BERY	C	0.04%
	PVH	C	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	AFG	A	0.04%
	WSM	F	0.04%
	KNX	B	0.04%
	EVR	B	0.04%
	SEE	C	0.03%
	SON	D	0.03%
	AAP	D	0.03%
	G	B	0.03%
	LSTR	B	0.03%
	EXP	B	0.03%
	IEX	B	0.03%
	TGNA	B	0.03%
	ACI	C	0.03%
	SCI	B	0.03%
	CAR	C	0.03%
	ITT	A	0.03%
	GNTX	C	0.03%
	TPH	D	0.03%
	BBWI	C	0.03%
	SOLV	D	0.03%
	KBH	D	0.03%
	LII	B	0.03%
	ABG	B	0.03%
	SEIC	A	0.03%
	CW	B	0.03%
	AIZ	A	0.03%
	FMC	F	0.03%
	SNV	B	0.03%
	SAIC	C	0.03%
	BC	C	0.03%
	BTU	B	0.03%
	KIM	A	0.03%
	VOYA	B	0.03%
	AMCR	D	0.03%
	ARMK	B	0.03%
	SNX	C	0.03%
	APA	F	0.03%
	JHG	B	0.03%
	OGE	B	0.03%
	HAS	D	0.03%
	GPK	D	0.03%
	EWBC	B	0.03%
	GNW	B	0.03%
	AGCO	F	0.03%
	HII	D	0.03%
	QRVO	F	0.03%
	RRX	C	0.03%
	FHN	A	0.03%
	DECK	B	0.03%
	FL	F	0.03%
	FLR	C	0.03%
	MTH	D	0.03%
	RL	B	0.03%
	CIEN	B	0.03%
	WU	F	0.03%
	FFIV	A	0.03%
	PBF	F	0.03%
	WSO	A	0.03%
	CG	C	0.03%
	CMC	B	0.03%
	OLN	D	0.03%
	GL	B	0.03%
	LPX	B	0.03%
	NWL	B	0.03%
	MTZ	B	0.03%
	ALK	A	0.02%
	ADNT	D	0.02%
	CPRI	F	0.02%
	ALV	C	0.02%
	MATX	A	0.02%
	FLO	F	0.02%
	ODP	F	0.02%
	BPOP	C	0.02%
	CHKP	D	0.02%
	LEG	F	0.02%
	COHR	B	0.02%
	MPW	F	0.02%
	ARCH	B	0.02%
	TKR	F	0.02%
	TFX	F	0.02%
	MIDD	C	0.02%
	AER	C	0.02%
	POR	D	0.02%
	MKSI	C	0.02%
	OI	D	0.02%
	NFG	C	0.02%
	VAC	B	0.02%
	LW	C	0.02%
	WERN	B	0.02%
	GLPI	D	0.02%
	POST	D	0.02%
	SM	C	0.02%
	AL	B	0.02%
	TTC	F	0.02%
	CCEP	C	0.02%
	XRX	F	0.02%
	NAVI	D	0.02%
	UHAL	C	0.02%
	EPAM	B	0.02%
	HUBG	A	0.02%
	TPX	B	0.02%
	ASO	F	0.02%
	NSIT	F	0.02%
	MUR	F	0.02%
	NDSN	B	0.02%
	STWD	D	0.02%
	PAG	B	0.02%
	ST	F	0.02%
	PENN	B	0.02%
	GGG	B	0.02%
	REZI	A	0.02%
	LECO	C	0.02%
	CZR	F	0.02%
	KBR	B	0.02%
	ASGN	C	0.02%
	CPT	C	0.02%
	PII	F	0.02%
	GXO	B	0.02%
	CTLT	D	0.02%
	DCI	A	0.02%
	HOG	F	0.02%
	NOV	C	0.02%
	FCNCA	B	0.02%
	SLG	C	0.02%
	JKHY	C	0.02%
	BECN	B	0.02%
	BRX	A	0.02%
	PK	B	0.02%
	AOS	F	0.02%
	REG	A	0.02%
	SKX	F	0.02%
	NVT	B	0.02%
	MTG	C	0.02%
	DAR	B	0.02%
	CC	C	0.02%
	BAP	B	0.02%
	ATR	A	0.02%
	AXTA	A	0.02%
	ABM	B	0.02%
	LAMR	D	0.02%
	THG	A	0.02%
	AR	B	0.02%
	GNRC	B	0.02%
	CNH	D	0.02%
	BJ	B	0.02%
	EHC	A	0.02%
	PRI	A	0.02%
	RUSHA	B	0.02%
	VSH	F	0.01%
	ANDE	D	0.01%
	DBX	B	0.01%
	CRL	C	0.01%
	CNXC	F	0.01%
	WTRG	C	0.01%
	ICLR	F	0.01%
	CHE	D	0.01%
	MSM	B	0.01%
	LILAK	F	0.01%
	JAZZ	B	0.01%
	AEO	F	0.01%
	SPTN	F	0.01%
	MMS	D	0.01%
	BLD	F	0.01%
	CYH	F	0.01%
	HTZ	C	0.01%
	TNL	A	0.01%
	PRGO	C	0.01%
	AAL	B	0.01%
	DK	D	0.01%
	ALLE	D	0.01%
	FTI	B	0.01%
	JWN	B	0.01%
	QRTEA	F	0.01%
	XRAY	F	0.01%
	HRB	D	0.01%
	UNFI	C	0.01%
	CRI	D	0.01%
	CNX	B	0.01%
	DAN	D	0.01%
	MDU	F	0.01%
	MTN	D	0.01%

FNDX Underweight 56 Positions Relative to VV

	Symbol	Grade	Weight
	BLK	B	-0.27%
	PLTR	B	-0.16%
	CRWD	B	-0.13%
	WDAY	B	-0.11%
	DASH	A	-0.1%
	TTD	B	-0.1%
	ABNB	C	-0.1%
	MPWR	F	-0.09%
	FICO	B	-0.09%
	WCN	A	-0.09%
	RCL	A	-0.08%
	DDOG	B	-0.07%
	COIN	B	-0.07%
	SNOW	C	-0.07%
	ALNY	D	-0.07%
	VRT	B	-0.07%
	DXCM	C	-0.06%
	ARES	B	-0.06%
	VEEV	B	-0.06%
	CSGP	D	-0.06%
	NET	B	-0.05%
	RBLX	B	-0.05%
	TYL	B	-0.05%
	TEAM	B	-0.05%
	HUBS	B	-0.05%
	VLTO	C	-0.05%
	FDS	A	-0.04%
	LYV	B	-0.04%
	UAL	B	-0.04%
	MDB	C	-0.04%
	PINS	F	-0.04%
	SMCI	F	-0.04%
	BMRN	F	-0.03%
	TW	C	-0.03%
	IBKR	A	-0.03%
	ENPH	F	-0.03%
	APP	B	-0.03%
	ROL	B	-0.03%
	MSTR	B	-0.03%
	HEI	B	-0.03%
	ZS	B	-0.03%
	ZM	B	-0.03%
	BSY	F	-0.02%
	PODD	B	-0.02%
	TPL	B	-0.02%
	CVNA	B	-0.02%
	HEI	B	-0.02%
	RPRX	F	-0.02%
	SNAP	C	-0.02%
	OKTA	C	-0.02%
	RKT	F	-0.01%
	AGR	C	-0.01%
	NWS	B	-0.01%
	WMG	B	-0.01%
	FOX	A	-0.01%
	INCY	B	-0.01%

FNDX: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Asset Management Business Services Oil & Gas E&P Specialty Retail Banks - Regional - US Software - Application Information Technology Services Semiconductors Diagnostics & Research Specialty Chemicals Credit Services Packaged Foods Packaging & Containers Building Materials Insurance - Property & Casualty Auto Parts Capital Markets Drug Manufacturers - Major

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Computing Electricity Chemical Mining Aerospace Electronics Bank Dow Jones Component Banking Real Estate Investment Trust Telecommunications Semiconductor Transport Insurance Products Medicine Beverage

VV: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Business Services Diversified Industrials Asset Management Diagnostics & Research Semiconductors Capital Markets Banks - Regional - US Drug Manufacturers - Major Oil & Gas E&P Specialty Chemicals Specialty Retail Aerospace & Defense Insurance - Property & Casualty Medical Devices Software - Infrastructure Biotechnology Credit Services Health Care Plans

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Electricity Dow Jones Component Electronics Medicine Bank Chemical Telecommunications Aerospace Banking Cloud Computing Insurance Products Real Estate Investment Trust Semiconductor Mobile Devices Work From Home