IVOV vs. SMDY ETF Comparison

Comparison of Vanguard S&P Mid-Cap 400 Value ETF (IVOV) to Syntax Stratified MidCap ETF (SMDY)

IVOV

Vanguard S&P Mid-Cap 400 Value ETF

IVOV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400® Value Index, which represents the value companies of the S&P MidCap 400 Index. The index measures the performance of mid-capitalization value stocks. 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

$95.75

Average Daily Volume

14,011

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

SMDY

Syntax Stratified MidCap ETF

SMDY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 95%, of its total assets in the securities comprising the index. The index, which was created by Syntax LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P MidCap 400® Index and holds the same constituents as the S&P MidCap 400 Index.

Grade (RS Rating)

Last Trade

$45.06

Average Daily Volume

467

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

Performance

Period	IVOV	SMDY
30 Days	4.32%	2.98%
60 Days	5.34%	3.03%
90 Days	9.83%	6.15%
12 Months	22.57%	21.46%

284 Overlapping Holdings

	Symbol	Grade	Weight in IVOV	Weight in SMDY	Overlap
	AA	D	0.43%	0.13%	0.13%
	ACM	B	0.49%	0.16%	0.16%
	ADC	C	0.51%	0.08%	0.08%
	ADNT	F	0.17%	0.09%	0.09%
	AFG	B	0.63%	0.18%	0.18%
	AGCO	D	0.43%	0.24%	0.24%
	ALE	B	0.27%	0.25%	0.25%
	ALGM	F	0.11%	0.38%	0.11%
	ALLY	F	0.9%	0.27%	0.27%
	ALV	F	0.21%	0.1%	0.1%
	AM	C	0.15%	0.22%	0.15%
	AMED	C	0.14%	0.24%	0.14%
	AMG	C	0.43%	0.33%	0.33%
	AMH	C	0.34%	0.21%	0.21%
	AMKR	F	0.25%	0.48%	0.25%
	AN	D	0.34%	0.45%	0.34%
	AR	F	0.62%	0.06%	0.06%
	ARMK	B	0.66%	0.63%	0.63%
	ARW	C	0.48%	0.07%	0.07%
	ASB	D	0.25%	0.43%	0.25%
	ASGN	D	0.32%	0.15%	0.15%
	ASH	D	0.35%	0.09%	0.09%
	ATR	B	0.29%	0.09%	0.09%
	AVNT	B	0.3%	0.1%	0.1%
	AVT	C	0.36%	0.07%	0.07%
	AVTR	B	0.77%	0.18%	0.18%
	AYI	B	0.28%	0.21%	0.21%
	AZTA	F	0.09%	0.34%	0.09%
	BC	C	0.16%	0.22%	0.16%
	BDC	B	0.28%	0.13%	0.13%
	BERY	B	0.55%	0.06%	0.06%
	BHF	F	0.23%	0.36%	0.23%
	BJ	D	0.86%	0.26%	0.26%
	BKH	B	0.3%	0.24%	0.24%
	BLKB	C	0.09%	0.33%	0.09%
	BMRN	F	0.52%	0.46%	0.46%
	BRBR	C	0.23%	0.43%	0.23%
	BRKR	D	0.2%	0.16%	0.16%
	BRX	B	0.31%	0.08%	0.08%
	BURL	B	0.49%	0.34%	0.34%
	CACC	F	0.22%	0.07%	0.07%
	CACI	B	0.47%	0.21%	0.21%
	CADE	C	0.44%	0.07%	0.07%
	CBSH	C	0.33%	0.13%	0.13%
	CBT	B	0.13%	0.1%	0.1%
	CC	F	0.26%	0.07%	0.07%
	CCK	A	0.41%	0.06%	0.06%
	CFR	C	0.32%	0.13%	0.13%
	CG	D	0.41%	0.28%	0.28%
	CGNX	F	0.35%	0.24%	0.24%
	CHE	C	0.25%	0.24%	0.24%
	CHH	C	0.11%	0.11%	0.11%
	CHK	D	0.62%	0.06%	0.06%
	CHX	F	0.16%	0.17%	0.16%
	CIEN	C	0.33%	1.35%	0.33%
	CLF	F	0.53%	0.13%	0.13%
	CMC	D	0.51%	0.17%	0.17%
	CNM	F	0.29%	0.07%	0.07%
	CNO	B	0.28%	0.42%	0.28%
	CNXC	F	0.24%	0.24%	0.24%
	COHR	C	0.68%	0.12%	0.12%
	COLB	B	0.4%	0.08%	0.08%
	COLM	C	0.1%	0.29%	0.1%
	CPRI	D	0.15%	0.33%	0.15%
	CRI	D	0.16%	0.3%	0.16%
	CRUS	D	0.22%	0.51%	0.22%
	CUBE	B	0.35%	0.22%	0.22%
	CUZ	B	0.31%	0.12%	0.12%
	CVLT	B	0.19%	0.39%	0.19%
	CW	B	0.29%	0.08%	0.08%
	CYTK	F	0.27%	0.42%	0.27%
	DAR	F	0.46%	0.32%	0.32%
	DCI	C	0.28%	0.09%	0.09%
	DINO	F	0.56%	0.19%	0.19%
	DKS	D	0.43%	0.3%	0.3%
	DLB	D	0.15%	0.51%	0.15%
	DOCS	B	0.13%	1.37%	0.13%
	DTM	B	0.2%	0.24%	0.2%
	EEFT	D	0.15%	0.28%	0.15%
	EGP	B	0.25%	0.08%	0.08%
	EHC	C	0.38%	0.25%	0.25%
	ELS	C	0.34%	0.22%	0.22%
	ENOV	D	0.17%	0.38%	0.17%
	ENS	D	0.19%	0.21%	0.19%
	EPR	B	0.09%	0.07%	0.07%
	EQH	C	0.46%	0.34%	0.34%
	ERIE	B	0.34%	0.46%	0.34%
	ESNT	B	0.49%	0.33%	0.33%
	EVR	A	0.2%	0.17%	0.17%
	EWBC	D	0.41%	0.07%	0.07%
	EXLS	B	0.18%	0.23%	0.18%
	EXPO	A	0.19%	0.16%	0.16%
	FAF	B	0.46%	0.34%	0.34%
	FFIN	B	0.22%	0.08%	0.08%
	FHI	A	0.2%	0.31%	0.2%
	FHN	D	0.67%	0.12%	0.12%
	FLO	C	0.32%	0.3%	0.3%
	FLR	D	0.6%	0.18%	0.18%
	FLS	D	0.27%	0.1%	0.1%
	FNB	C	0.4%	0.07%	0.07%
	FNF	B	1.05%	0.35%	0.35%
	FR	B	0.28%	0.09%	0.09%
	FYBR	C	0.48%	1.28%	0.48%
	G	C	0.42%	0.24%	0.24%
	GAP	F	0.37%	0.26%	0.26%
	GATX	D	0.23%	0.15%	0.15%
	GBCI	B	0.37%	0.08%	0.08%
	GEF	D	0.13%	0.05%	0.05%
	GHC	B	0.2%	0.31%	0.2%
	GLPI	C	0.57%	0.15%	0.15%
	GME	F	0.45%	0.23%	0.23%
	GMED	D	0.59%	0.42%	0.42%
	GNTX	F	0.19%	0.19%	0.19%
	GPK	B	0.68%	0.06%	0.06%
	GT	F	0.24%	0.08%	0.08%
	GXO	D	0.18%	0.17%	0.17%
	HAE	F	0.13%	0.34%	0.13%
	HELE	D	0.1%	0.08%	0.08%
	HGV	F	0.08%	0.09%	0.08%
	HOG	C	0.34%	0.25%	0.25%
	HOMB	B	0.39%	0.07%	0.07%
	HQY	C	0.25%	0.27%	0.25%
	HWC	D	0.17%	0.13%	0.13%
	HXL	F	0.21%	0.09%	0.09%
	IBKR	B	0.38%	0.4%	0.38%
	IBOC	D	0.15%	0.07%	0.07%
	IDA	C	0.22%	0.28%	0.22%
	ILMN	C	1.43%	0.47%	0.47%
	INGR	B	0.38%	0.33%	0.33%
	IPGP	F	0.09%	0.22%	0.09%
	IRDM	D	0.13%	1.18%	0.13%
	IRT	B	0.31%	0.22%	0.22%
	JAZZ	D	0.3%	0.4%	0.3%
	JEF	B	0.73%	0.21%	0.21%
	JHG	B	0.35%	0.32%	0.32%
	JLL	B	0.87%	0.17%	0.17%
	JWN	C	0.16%	0.31%	0.16%
	KBH	A	0.23%	0.45%	0.23%
	KBR	D	0.35%	0.15%	0.15%
	KD	D	0.45%	0.17%	0.17%
	KEX	C	0.3%	0.21%	0.21%
	KMPR	D	0.28%	0.36%	0.28%
	KNF	B	0.1%	0.14%	0.1%
	KNX	C	0.64%	0.19%	0.19%
	KRC	B	0.29%	0.11%	0.11%
	KRG	B	0.4%	0.08%	0.08%
	LAD	D	0.38%	0.5%	0.38%
	LAMR	B	0.32%	0.07%	0.07%
	LANC	D	0.15%	0.26%	0.15%
	LEA	F	0.51%	0.11%	0.11%
	LFUS	C	0.15%	0.22%	0.15%
	LITE	B	0.26%	1.28%	0.26%
	LIVN	D	0.12%	0.36%	0.12%
	LPX	B	0.16%	0.13%	0.13%
	LSTR	D	0.16%	0.17%	0.16%
	M	F	0.35%	0.24%	0.24%
	MAN	C	0.27%	0.14%	0.14%
	MASI	F	0.13%	0.13%	0.13%
	MAT	C	0.27%	0.17%	0.17%
	MDU	C	0.4%	0.13%	0.13%
	MIDD	D	0.27%	0.32%	0.27%
	MKSI	F	0.3%	0.37%	0.3%
	MMS	C	0.11%	0.3%	0.11%
	MP	D	0.08%	0.15%	0.08%
	MSM	D	0.14%	0.08%	0.08%
	MTG	B	0.3%	0.35%	0.3%
	MTN	D	0.17%	0.1%	0.1%
	MTSI	D	0.15%	0.43%	0.15%
	MTZ	B	0.49%	0.14%	0.14%
	MUR	F	0.25%	0.07%	0.07%
	NEOG	D	0.25%	0.14%	0.14%
	NFG	B	0.39%	0.24%	0.24%
	NJR	B	0.34%	0.23%	0.23%
	NNN	C	0.38%	0.07%	0.07%
	NOV	F	0.6%	0.17%	0.17%
	NOVT	D	0.2%	0.13%	0.13%
	NSA	B	0.11%	0.22%	0.11%
	NSP	F	0.13%	0.28%	0.13%
	NVST	D	0.21%	0.38%	0.21%
	NWE	B	0.24%	0.27%	0.24%
	NXST	D	0.42%	0.32%	0.32%
	OGE	C	0.57%	0.28%	0.28%
	OGS	B	0.29%	0.25%	0.25%
	OHI	B	0.39%	0.7%	0.39%
	OLN	D	0.24%	0.08%	0.08%
	ONB	C	0.46%	0.07%	0.07%
	OPCH	C	0.17%	0.26%	0.17%
	ORA	C	0.31%	0.24%	0.24%
	ORI	B	0.64%	0.2%	0.2%
	OSK	F	0.52%	0.28%	0.28%
	OZK	D	0.17%	0.07%	0.07%
	PAG	D	0.25%	0.49%	0.25%
	PB	B	0.51%	0.08%	0.08%
	PBF	F	0.31%	0.16%	0.16%
	PCH	C	0.26%	0.14%	0.14%
	PFGC	B	0.79%	0.31%	0.31%
	PII	D	0.32%	0.23%	0.23%
	PNFP	B	0.32%	0.08%	0.08%
	PNM	B	0.27%	0.27%	0.27%
	POR	C	0.36%	0.28%	0.28%
	POST	C	0.4%	0.49%	0.4%
	POWI	F	0.15%	0.39%	0.15%
	PPC	D	0.12%	0.38%	0.12%
	PRGO	D	0.28%	0.44%	0.28%
	PVH	F	0.42%	0.24%	0.24%
	R	A	0.45%	0.17%	0.17%
	RCM	C	0.19%	0.16%	0.16%
	REXR	C	0.49%	0.09%	0.09%
	RGA	C	1.09%	0.31%	0.31%
	RGLD	C	0.32%	0.18%	0.18%
	RH	B	0.18%	0.17%	0.17%
	RLI	B	0.16%	0.18%	0.16%
	RNR	C	0.4%	0.34%	0.34%
	RPM	B	0.53%	0.1%	0.1%
	RRX	C	0.78%	0.08%	0.08%
	RYN	C	0.19%	0.13%	0.13%
	SAIC	C	0.3%	0.22%	0.22%
	SAM	F	0.1%	0.29%	0.1%
	SBRA	C	0.28%	0.68%	0.28%
	SCI	B	0.42%	0.23%	0.23%
	SEIC	C	0.25%	0.3%	0.25%
	SF	A	0.67%	0.41%	0.41%
	SFM	B	0.43%	0.38%	0.38%
	SIGI	D	0.18%	0.16%	0.16%
	SLGN	B	0.31%	0.06%	0.06%
	SLM	D	0.22%	0.28%	0.22%
	SMG	C	0.15%	1.82%	0.15%
	SNV	C	0.5%	0.07%	0.07%
	SNX	D	0.68%	0.07%	0.07%
	SON	C	0.39%	0.05%	0.05%
	SR	B	0.28%	0.24%	0.24%
	SRCL	A	0.4%	0.17%	0.17%
	SRPT	D	0.2%	0.45%	0.2%
	SSB	B	0.55%	0.08%	0.08%
	ST	D	0.43%	0.27%	0.27%
	STAG	C	0.27%	0.09%	0.09%
	STWD	B	0.44%	0.06%	0.06%
	SWX	C	0.33%	0.21%	0.21%
	SYNA	F	0.15%	0.36%	0.15%
	TCBI	B	0.23%	0.13%	0.13%
	TEX	F	0.14%	0.29%	0.14%
	TGNA	D	0.2%	0.31%	0.2%
	THC	A	1.07%	0.67%	0.67%
	THG	B	0.36%	0.2%	0.2%
	THO	D	0.41%	0.25%	0.25%
	TKO	B	0.27%	0.32%	0.27%
	TKR	D	0.25%	0.08%	0.08%
	TMHC	A	0.52%	0.45%	0.45%
	TNL	D	0.07%	0.1%	0.07%
	TPL	B	0.38%	0.07%	0.07%
	TTC	D	0.38%	0.27%	0.27%
	UA	D	0.1%	0.17%	0.1%
	UAA	C	0.09%	0.18%	0.09%
	UBSI	B	0.38%	0.07%	0.07%
	UGI	C	0.38%	0.24%	0.24%
	UMBF	B	0.33%	0.14%	0.14%
	UNM	B	0.75%	0.37%	0.37%
	USFD	B	0.9%	0.32%	0.32%
	UTHR	C	0.56%	0.52%	0.52%
	VAC	F	0.2%	0.08%	0.08%
	VC	F	0.13%	0.2%	0.13%
	VLY	C	0.26%	0.08%	0.08%
	VMI	D	0.44%	0.08%	0.08%
	VNO	B	0.35%	0.13%	0.13%
	VOYA	B	0.32%	0.28%	0.28%
	VSH	F	0.22%	0.1%	0.1%
	WBS	D	0.62%	0.45%	0.45%
	WCC	D	0.56%	0.06%	0.06%
	WEN	C	0.09%	0.56%	0.09%
	WH	B	0.15%	0.1%	0.1%
	WHR	D	0.41%	0.17%	0.17%
	WMG	D	0.07%	0.25%	0.07%
	WOLF	F	0.09%	0.04%	0.04%
	WPC	C	0.93%	0.08%	0.08%
	WTFC	B	0.52%	0.13%	0.13%
	WTRG	D	0.39%	0.23%	0.23%
	WU	F	0.29%	0.29%	0.29%
	X	F	0.67%	0.16%	0.16%
	XPO	D	0.52%	0.19%	0.19%
	XRAY	D	0.41%	0.18%	0.18%
	YETI	D	0.09%	0.15%	0.09%
	ZD	D	0.16%	0.97%	0.16%
	ZI	D	0.16%	0.24%	0.16%
	ZION	D	0.56%	0.07%	0.07%

IVOV Overweight 0 Positions Relative to SMDY

	Symbol	Grade	Weight

IVOV Underweight 107 Positions Relative to SMDY

	Symbol	Grade	Weight
	COTY	F	-1.64%
	DT	C	-0.83%
	QLYS	F	-0.68%
	ACHC	C	-0.68%
	LNW	B	-0.67%
	COKE	C	-0.59%
	TXRH	C	-0.57%
	WING	B	-0.54%
	HALO	C	-0.51%
	EXEL	C	-0.49%
	TOL	B	-0.45%
	RGEN	F	-0.43%
	PSTG	F	-0.41%
	SLAB	D	-0.41%
	PRI	B	-0.39%
	ONTO	D	-0.39%
	NBIX	F	-0.38%
	ARWR	F	-0.37%
	HRB	C	-0.36%
	PCTY	C	-0.36%
	MEDP	F	-0.34%
	MANH	B	-0.34%
	DBX	D	-0.34%
	LSCC	D	-0.33%
	MORN	C	-0.32%
	WEX	C	-0.32%
	RMBS	F	-0.32%
	APPF	D	-0.31%
	CAR	F	-0.31%
	ESAB	C	-0.31%
	NYT	C	-0.31%
	DUOL	B	-0.3%
	LOPE	D	-0.3%
	LECO	F	-0.29%
	ALTR	C	-0.28%
	MSA	D	-0.28%
	SKX	D	-0.27%
	CROX	D	-0.26%
	CELH	F	-0.26%
	TDC	F	-0.25%
	VNT	F	-0.25%
	PLNT	B	-0.24%
	SHC	C	-0.23%
	MUSA	D	-0.23%
	OLLI	C	-0.22%
	ELF	F	-0.21%
	RYAN	D	-0.21%
	PEN	D	-0.21%
	KNSL	C	-0.2%
	PGNY	F	-0.2%
	LNTH	D	-0.2%
	CASY	D	-0.2%
	BCO	B	-0.19%
	WSM	D	-0.19%
	FIVE	D	-0.19%
	CLH	A	-0.18%
	RBA	B	-0.18%
	TPX	C	-0.17%
	HLI	B	-0.17%
	NVT	D	-0.17%
	ANF	D	-0.17%
	RS	D	-0.16%
	LII	B	-0.16%
	TTEK	C	-0.16%
	SAIA	D	-0.15%
	WFRD	F	-0.15%
	FCN	D	-0.15%
	BLD	D	-0.14%
	VAL	F	-0.14%
	EXP	B	-0.14%
	BYD	C	-0.14%
	FND	C	-0.14%
	FIX	B	-0.14%
	CHDN	C	-0.13%
	EME	B	-0.13%
	OLED	C	-0.11%
	TREX	D	-0.11%
	PK	D	-0.1%
	GGG	C	-0.1%
	AXTA	B	-0.1%
	WTS	C	-0.1%
	SSD	D	-0.09%
	RBC	C	-0.09%
	WLK	D	-0.09%
	NEU	D	-0.09%
	VVV	D	-0.09%
	H	C	-0.09%
	GTLS	F	-0.08%
	CR	C	-0.08%
	CSL	B	-0.08%
	BWXT	D	-0.08%
	CNX	B	-0.08%
	WMS	D	-0.08%
	AAON	B	-0.08%
	WWD	D	-0.07%
	PR	F	-0.07%
	MTDR	F	-0.07%
	AIT	A	-0.07%
	OC	D	-0.07%
	ITT	B	-0.07%
	UFPI	C	-0.06%
	RRC	D	-0.06%
	CHRD	F	-0.06%
	SWN	D	-0.06%
	CIVI	F	-0.06%
	OVV	F	-0.06%
	WSO	C	-0.06%

IVOV: Top Represented Industries & Keywords

Industries: Banks - Regional - US Packaging & Containers Asset Management Semiconductors Apparel Manufacturing Business Services Diversified Industrials Packaged Foods REIT - Diversified REIT - Industrial Specialty Chemicals Auto Parts Biotechnology Medical Care REIT - Retail Scientific & Technical Instruments Utilities - Regulated Electric Utilities - Regulated Gas Engineering & Construction Information Technology Services

Keywords: Bank Banking Real Estate Investment Trust Insurance Natural Gas Mining Chemical Deposit Products Aerospace Commercial Banking Semiconductor Beverage Telecommunications Electricity Insurance Products Supply Chain Management Trust Services Electronics Medicine Pharmaceutical

SMDY: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Diversified Industrials Biotechnology Business Services Software - Application Semiconductors Specialty Chemicals Building Materials Packaging & Containers Asset Management Engineering & Construction Specialty Retail Apparel Manufacturing Diagnostics & Research Medical Care Packaged Foods REIT - Diversified REIT - Industrial Scientific & Technical Instruments

Keywords: Bank Banking Mining Natural Gas Chemical Insurance Real Estate Investment Trust Electronics Aerospace Semiconductor Beverage Computing Construction Supply Chain Management Telecommunications Deposit Products Commercial Banking Insurance Products Building Materials Electricity