IWC vs. IVES ETF Comparison

Comparison of iShares Microcap ETF (IWC) to Wedbush ETFMG Global Cloud Technology ETF (IVES)

IWC

iShares Microcap ETF

IWC Description

The investment seeks to track the investment results of an index composed of micro-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Microcap Index (the "underlying index"), which measures the performance of the microcap sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$122.38

Average Daily Volume

45,297

Number of Holdings ^*

1400

* may have additional holdings in another (foreign) market

IVES

Wedbush ETFMG Global Cloud Technology ETF

IVES Description

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”

Grade (RS Rating)

Last Trade

$48.38

Average Daily Volume

1,097

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IWC	IVES
30 Days	2.59%	6.95%
60 Days	7.73%	13.75%
90 Days	9.44%	4.75%
12 Months	26.52%	40.14%

7 Overlapping Holdings

Symbol	Grade	Weight in IWC	Weight in IVES	Overlap
APLD	C	0.25%	0.22%	0.22%
BLZE	D	0.07%	0.05%	0.05%
DOMO	F	0.06%	0.05%	0.05%
EGHT	D	0.06%	0.05%	0.05%
GDYN	B	0.21%	0.2%	0.2%
RXT	C	0.04%	0.1%	0.04%
UIS	C	0.1%	0.07%	0.07%

IWC Overweight 1393 Positions Relative to IVES

Symbol	Grade	Weight
CORZ	C	0.54%
OSW	B	0.43%
MNKD	B	0.43%
CDNA	B	0.41%
MIRM	D	0.41%
ASPN	C	0.39%
VRDN	B	0.38%
BLBD	D	0.38%
OCUL	B	0.37%
NRIX	D	0.37%
REVG	D	0.36%
SOUN	F	0.35%
HROW	B	0.35%
COLL	A	0.34%
VSEC	D	0.34%
UMH	D	0.33%
COMM	C	0.33%
PRDO	D	0.33%
NTST	F	0.33%
NX	F	0.32%
NIC	D	0.32%
STEL	D	0.32%
AGX	A	0.32%
VITL	C	0.31%
TARS	C	0.31%
QCRH	C	0.31%
LBPH	D	0.31%
TPC	A	0.3%
SCSC	D	0.3%
CRAI	B	0.3%
COCO	C	0.29%
ARLO	F	0.29%
CAL	F	0.29%
TRNS	D	0.28%
TILE	C	0.28%
WINA	C	0.28%
GABC	D	0.28%
PEBO	F	0.27%
EFC	D	0.27%
IRON	C	0.27%
AORT	B	0.27%
FBRT	C	0.27%
SGH	D	0.27%
THR	F	0.26%
DGII	B	0.26%
QNST	C	0.26%
COGT	B	0.26%
WTTR	B	0.26%
PRAX	B	0.26%
CDRE	A	0.26%
ICHR	D	0.26%
CMCO	D	0.26%
BZH	C	0.26%
ATEN	B	0.26%
WULF	C	0.26%
HOV	D	0.26%
FBMS	D	0.25%
KNSA	D	0.25%
DCOM	B	0.25%
BBSI	B	0.25%
UTL	D	0.25%
ARR	D	0.25%
BV	A	0.24%
OBK	D	0.24%
ELVN	A	0.24%
DX	D	0.24%
HUT	D	0.24%
EOLS	C	0.24%
PNTG	C	0.24%
PFBC	D	0.23%
CGEM	F	0.23%
VTOL	D	0.23%
BLFS	D	0.23%
BXC	D	0.23%
CNOB	B	0.23%
HCI	B	0.23%
DCO	B	0.23%
FIP	C	0.23%
PLYM	D	0.23%
DHC	C	0.23%
BELFB	A	0.22%
BLND	C	0.22%
PETQ	A	0.22%
AOSL	D	0.22%
LEU	A	0.22%
BFC	D	0.22%
FMBH	D	0.22%
BHRB	D	0.21%
APLT	C	0.21%
PFC	D	0.21%
CECO	D	0.21%
NVRI	D	0.21%
GNK	D	0.21%
BY	D	0.21%
WNC	F	0.21%
LMB	B	0.2%
SPTN	C	0.2%
ASIX	A	0.2%
AMRK	C	0.2%
GCI	B	0.2%
HSII	D	0.2%
UVSP	B	0.2%
NBBK	D	0.19%
HY	D	0.19%
HZO	C	0.19%
CSTL	B	0.19%
REPL	C	0.19%
TPB	C	0.19%
SXC	F	0.19%
ETD	C	0.19%
VVI	B	0.19%
CTBI	B	0.19%
CFB	D	0.19%
EU	C	0.19%
NAT	B	0.19%
AMSC	C	0.19%
SCVL	D	0.19%
KOP	F	0.19%
HAYN	B	0.19%
ANAB	D	0.18%
CDMO	D	0.18%
ZYME	B	0.18%
ACHR	F	0.18%
IMNM	F	0.18%
CPF	C	0.18%
MDXG	F	0.18%
GLDD	A	0.18%
FCBC	D	0.18%
REX	D	0.18%
YEXT	B	0.18%
SPRY	C	0.18%
HSTM	B	0.18%
IE	D	0.18%
MTUS	F	0.17%
ORRF	C	0.17%
CHUY	B	0.17%
WVE	C	0.17%
HBNC	D	0.17%
IBCP	D	0.17%
CIFR	C	0.17%
GOOD	A	0.17%
HCKT	D	0.17%
DJCO	C	0.17%
OSBC	D	0.17%
WSR	C	0.17%
KELYA	D	0.17%
MLR	B	0.17%
MBWM	D	0.17%
DNTH	D	0.17%
DXPE	C	0.17%
AVBP	D	0.17%
GMRE	C	0.16%
TRML	C	0.16%
AMTB	F	0.16%
AXGN	C	0.16%
ORIC	F	0.16%
EGY	D	0.16%
INDI	F	0.16%
ETNB	F	0.16%
CRGX	F	0.16%
EBF	B	0.16%
BJRI	B	0.16%
PLOW	D	0.16%
UTI	F	0.16%
GDEN	D	0.16%
IMXI	F	0.15%
ABUS	D	0.15%
NTGR	C	0.15%
NN	D	0.15%
EQBK	D	0.15%
CAC	C	0.15%
ORC	D	0.15%
CBL	D	0.15%
IIIN	F	0.15%
TREE	C	0.15%
PHAT	C	0.15%
NR	F	0.15%
ARCT	D	0.15%
HTBK	D	0.15%
ANNX	C	0.15%
ADPT	A	0.15%
UHT	D	0.15%
IDT	C	0.15%
OSPN	D	0.15%
CCB	B	0.15%
TRST	D	0.15%
LQDA	F	0.15%
BASE	F	0.15%
SWBI	F	0.15%
BFST	C	0.15%
RBCAA	C	0.14%
WASH	C	0.14%
FDMT	F	0.14%
MAX	C	0.14%
TK	B	0.14%
SRDX	D	0.14%
MCB	B	0.14%
FMNB	D	0.14%
YORW	F	0.14%
WGS	A	0.14%
CCO	C	0.14%
RVNC	F	0.14%
THRY	F	0.14%
AMAL	B	0.14%
MCBS	D	0.14%
LAB	F	0.14%
RYAM	A	0.14%
CASS	F	0.14%
SIBN	F	0.14%
ATRO	D	0.14%
CEVA	B	0.14%
YMAB	C	0.13%
THFF	D	0.13%
HUMA	F	0.13%
LQDT	C	0.13%
RDUS	D	0.13%
AMBC	F	0.13%
DAKT	D	0.13%
HTBI	D	0.13%
WEAV	B	0.13%
TIPT	B	0.13%
NRDS	D	0.13%
OLMA	F	0.13%
AAOI	C	0.13%
PKST	D	0.13%
MYE	F	0.13%
EVLV	C	0.13%
SLP	F	0.13%
NBN	B	0.13%
ACCO	C	0.13%
SRRK	F	0.13%
UVE	C	0.13%
HAFC	D	0.13%
OFIX	D	0.13%
SMBC	B	0.13%
ATXS	C	0.13%
WLDN	B	0.13%
EVER	D	0.13%
BVS	B	0.12%
EBS	D	0.12%
MSBI	F	0.12%
PGC	B	0.12%
BHB	D	0.12%
PAHC	C	0.12%
ALT	F	0.12%
FPI	D	0.12%
IVR	C	0.12%
QTRX	F	0.12%
LYTS	B	0.12%
NLOP	C	0.12%
ARIS	B	0.12%
CSV	D	0.12%
CLW	F	0.12%
SMBK	C	0.12%
KRUS	D	0.12%
CTLP	B	0.12%
AROW	D	0.12%
CLFD	D	0.12%
ERAS	D	0.12%
SVRA	F	0.12%
ADTN	C	0.12%
FC	C	0.12%
LAND	D	0.12%
TYRA	C	0.12%
PGY	F	0.12%
TERN	C	0.12%
HCAT	C	0.12%
AIOT	B	0.12%
URGN	F	0.12%
CCNE	D	0.12%
CCBG	D	0.12%
IIIV	D	0.12%
LASR	F	0.12%
HONE	D	0.12%
NCMI	C	0.12%
GSBC	D	0.12%
FSBC	C	0.12%
CVGW	B	0.12%
XPER	D	0.11%
CLMB	B	0.11%
MNMD	F	0.11%
FUBO	F	0.11%
CLDT	D	0.11%
WLFC	A	0.11%
AVXL	D	0.11%
CCSI	C	0.11%
NGNE	B	0.11%
NUVB	F	0.11%
CVLG	D	0.11%
PFIS	D	0.11%
BBW	A	0.11%
SHBI	D	0.11%
CTO	D	0.11%
SHYF	D	0.11%
CCRN	F	0.11%
BAND	C	0.11%
KIND	D	0.11%
INOD	D	0.11%
KIDS	F	0.11%
ZIMV	F	0.11%
DHIL	C	0.11%
MPB	B	0.11%
OLP	C	0.11%
NWPX	B	0.11%
UFCS	D	0.11%
LMNR	B	0.11%
STOK	D	0.11%
NFBK	D	0.11%
KE	F	0.11%
AGS	A	0.11%
KALV	F	0.11%
CRMD	A	0.11%
ESQ	C	0.11%
HIFS	D	0.1%
NRIM	C	0.1%
RICK	F	0.1%
ALEC	F	0.1%
FFWM	D	0.1%
SNBR	C	0.1%
NVEC	D	0.1%
RBB	C	0.1%
SLRN	D	0.1%
CWCO	F	0.1%
GLRE	B	0.1%
FNKO	A	0.1%
FISI	C	0.1%
ATEX	D	0.1%
CAPR	A	0.1%
SEZL	C	0.1%
FFIC	C	0.1%
OABI	F	0.1%
NPK	F	0.1%
SPFI	D	0.1%
ZEUS	F	0.1%
MXCT	F	0.1%
FRPH	B	0.1%
CARE	C	0.1%
WRLD	F	0.1%
HVT	F	0.1%
XERS	B	0.1%
LOVE	C	0.1%
ALRS	B	0.1%
MITK	F	0.1%
CELC	F	0.1%
TWI	F	0.1%
SD	D	0.1%
BRY	F	0.1%
TRDA	B	0.1%
DMRC	D	0.1%
AURA	C	0.1%
MOFG	D	0.1%
IRMD	B	0.1%
EYPT	F	0.1%
TTI	D	0.1%
MTW	F	0.09%
FMAO	D	0.09%
DENN	D	0.09%
ZUMZ	D	0.09%
TCMD	C	0.09%
ODC	D	0.09%
CMPO	B	0.09%
AEHR	F	0.09%
LXFR	C	0.09%
DCGO	F	0.09%
VERV	F	0.09%
ATNI	C	0.09%
FBIZ	D	0.09%
AMSWA	C	0.09%
ACNB	C	0.09%
FARO	D	0.09%
TNGX	F	0.09%
TSHA	F	0.09%
USAP	C	0.09%
LOCO	C	0.09%
MLYS	C	0.09%
AQST	C	0.09%
BCAL	F	0.09%
HDSN	F	0.09%
CNSL	A	0.09%
BOC	D	0.09%
BSRR	D	0.09%
KRNY	C	0.09%
ACRE	D	0.09%
TRC	D	0.09%
MCS	B	0.09%
ABSI	F	0.08%
TITN	F	0.08%
TCBX	C	0.08%
SENEA	C	0.08%
ANGO	F	0.08%
NVTS	F	0.08%
GCO	D	0.08%
ULH	B	0.08%
MOV	F	0.08%
HBCP	D	0.08%
PLPC	D	0.08%
BYRN	A	0.08%
OBT	D	0.08%
WTBA	D	0.08%
GHM	D	0.08%
OSUR	F	0.08%
VPG	F	0.08%
TBPH	F	0.08%
RDVT	D	0.08%
MCFT	F	0.08%
ILPT	D	0.08%
PLSE	D	0.08%
REPX	C	0.08%
ITI	A	0.08%
ESPR	D	0.08%
CERS	F	0.08%
LEGH	D	0.08%
AAN	B	0.08%
NECB	C	0.08%
RGP	F	0.08%
FRBA	D	0.08%
BMRC	D	0.08%
LINC	D	0.08%
PSTL	D	0.08%
GRNT	D	0.08%
EBTC	C	0.08%
DAVE	C	0.08%
MTRX	C	0.08%
BWMN	F	0.08%
SMRT	F	0.08%
METC	D	0.08%
HYLN	B	0.08%
ML	F	0.08%
CWBC	D	0.08%
LWLG	F	0.08%
ANIK	F	0.08%
ITIC	C	0.08%
LIND	C	0.08%
SIGA	F	0.08%
ROOT	F	0.08%
HIPO	D	0.08%
CCCC	F	0.08%
CZFS	C	0.07%
PFMT	D	0.07%
BOOM	D	0.07%
SAVE	F	0.07%
CBAN	C	0.07%
ABEO	C	0.07%
HEAR	C	0.07%
ADCT	D	0.07%
VMD	C	0.07%
HBB	B	0.07%
AVIR	F	0.07%
VNDA	F	0.07%
PKOH	B	0.07%
SFST	C	0.07%
THRD	C	0.07%
TALK	D	0.07%
WOW	D	0.07%
REFI	B	0.07%
INZY	D	0.07%
AVAH	D	0.07%
AMPY	D	0.07%
IPI	D	0.07%
ALNT	F	0.07%
IMMR	D	0.07%
OUST	F	0.07%
BMEA	D	0.07%
GNTY	C	0.07%
ALDX	C	0.07%
ITOS	F	0.07%
AKBA	F	0.07%
ACIC	D	0.07%
LRMR	F	0.07%
MEC	C	0.07%
RM	D	0.07%
VYGR	D	0.07%
VLGEA	D	0.07%
CIVB	B	0.07%
HRTG	D	0.07%
APPS	F	0.07%
INBK	D	0.07%
RCEL	D	0.07%
SLQT	F	0.07%
SWIM	B	0.07%
PACK	F	0.07%
ONEW	F	0.07%
SPOK	D	0.07%
FLIC	B	0.07%
ACCD	F	0.07%
NGVC	D	0.07%
BWB	B	0.07%
FNLC	D	0.07%
TRUE	C	0.07%
HBT	D	0.07%
CZNC	D	0.07%
KODK	D	0.07%
OOMA	C	0.07%
LUNG	D	0.07%
HMST	B	0.07%
FSBW	D	0.07%
CLPT	C	0.07%
NEWT	D	0.07%
OIS	D	0.07%
RIGL	B	0.07%
RBBN	C	0.07%
REAL	C	0.07%
LENZ	B	0.07%
STRO	F	0.07%
SRI	F	0.07%
HNST	D	0.07%
ZVRA	D	0.07%
CDXS	C	0.06%
SGHT	D	0.06%
MITT	C	0.06%
ONL	D	0.06%
OMER	F	0.06%
CRVS	B	0.06%
ARTV	B	0.06%
LUNR	D	0.06%
MVBF	F	0.06%
XOMA	D	0.06%
ENTA	F	0.06%
GLUE	F	0.06%
GRPN	F	0.06%
FHTX	C	0.06%
UTMD	F	0.06%
IGMS	C	0.06%
PANL	D	0.06%
TSBK	D	0.06%
PKBK	C	0.06%
PCYO	B	0.06%
SPIR	D	0.06%
NKTX	F	0.06%
LSEA	D	0.06%
PDLB	C	0.06%
RMAX	C	0.06%
RCKY	C	0.06%
PLBC	D	0.06%
TECX	A	0.06%
TSVT	C	0.06%
FULC	F	0.06%
RLGT	D	0.06%
CIO	D	0.06%
CPS	F	0.06%
PINE	D	0.06%
APEI	F	0.06%
DGICA	D	0.06%
LE	C	0.06%
NATH	B	0.06%
INGN	D	0.06%
PBPB	D	0.06%
WTI	C	0.06%
IRBT	D	0.06%
WSBF	D	0.06%
AVNW	F	0.06%
FDBC	D	0.06%
TBI	F	0.06%
NKTR	D	0.06%
MVIS	D	0.06%
TIL	D	0.06%
CBNK	C	0.06%
SKYT	D	0.06%
HRTX	D	0.06%
CRMT	F	0.06%
RRBI	D	0.06%
SMHI	F	0.06%
AMPS	F	0.06%
MG	B	0.06%
ANRO	F	0.06%
SFIX	F	0.06%
PKE	D	0.06%
FRST	D	0.06%
JMSB	C	0.06%
HNRG	C	0.06%
REI	D	0.06%
UNTY	D	0.06%
OCGN	F	0.06%
BCML	B	0.06%
QTTB	C	0.06%
MAMA	D	0.06%
SSBK	D	0.06%
COFS	C	0.06%
RAIL	B	0.05%
PWOD	A	0.05%
STHO	D	0.05%
CDXC	C	0.05%
ISTR	C	0.05%
RGCO	C	0.05%
KRT	F	0.05%
VEL	C	0.05%
SEVN	B	0.05%
PESI	B	0.05%
BCBP	B	0.05%
CIA	A	0.05%
BLDE	D	0.05%
NNBR	C	0.05%
OVLY	D	0.05%
INBX	C	0.05%
CTV	F	0.05%
LFMD	F	0.05%
ALTG	F	0.05%
LXRX	F	0.05%
FUNC	C	0.05%
ORN	F	0.05%
FET	F	0.05%
BELFA	C	0.05%
DCTH	D	0.05%
CFFI	C	0.05%
FSTR	D	0.05%
TRVI	D	0.05%
ATOS	C	0.05%
IDR	B	0.05%
HOFT	D	0.05%
TTSH	D	0.05%
BPRN	C	0.05%
OB	D	0.05%
LCNB	D	0.05%
RNGR	C	0.05%
RAPP	D	0.05%
ATLC	B	0.05%
PSTX	F	0.05%
NVRO	F	0.05%
IHRT	C	0.05%
BWFG	C	0.05%
TG	B	0.05%
TCRX	F	0.05%
AMLX	D	0.05%
VABK	A	0.05%
JRVR	F	0.05%
TLS	D	0.05%
CTGO	F	0.05%
CMPX	C	0.05%
SLDP	F	0.05%
LNZA	D	0.05%
ALCO	D	0.05%
NWFL	C	0.05%
JSPR	F	0.05%
SGC	D	0.05%
AIP	F	0.05%
ONIT	C	0.05%
FLWS	F	0.05%
FLXS	B	0.05%
CRBP	F	0.05%
TSE	C	0.05%
FORR	F	0.05%
BHR	D	0.05%
PCB	D	0.05%
EVBN	B	0.05%
KRRO	F	0.05%
INSE	C	0.05%
WEYS	C	0.05%
NXDT	C	0.05%
BRT	D	0.05%
ORGO	C	0.05%
PAL	F	0.05%
LYEL	F	0.05%
BLFY	D	0.05%
JAKK	C	0.05%
LXEO	F	0.05%
CABA	F	0.05%
SERA	F	0.05%
MED	F	0.05%
GNE	F	0.05%
TPIC	C	0.05%
RZLT	C	0.05%
MBCN	C	0.05%
MRSN	D	0.05%
NGS	D	0.05%
TRAK	D	0.05%
GENC	D	0.05%
ASUR	D	0.05%
GCBC	F	0.05%
FVCB	C	0.05%
BOW	D	0.05%
BARK	D	0.05%
MGNX	F	0.05%
LOGC	C	0.04%
TSQ	F	0.04%
BBCP	F	0.04%
MPAA	D	0.04%
PEPG	F	0.04%
JILL	F	0.04%
DOUG	F	0.04%
ADVM	F	0.04%
HLLY	F	0.04%
QRHC	F	0.04%
CADL	D	0.04%
ARQ	D	0.04%
BBAI	D	0.04%
HFFG	D	0.04%
STRS	D	0.04%
IMUX	C	0.04%
CZWI	B	0.04%
ESCA	D	0.04%
EARN	D	0.04%
ALMS	F	0.04%
LNKB	D	0.04%
LAKE	F	0.04%
BRBS	D	0.04%
FRGE	F	0.04%
RDW	B	0.04%
GWRS	D	0.04%
SMID	D	0.04%
QUAD	D	0.04%
INO	F	0.04%
BSVN	D	0.04%
VIRC	D	0.04%
XBIT	C	0.04%
DXLG	F	0.04%
MHLD	F	0.04%
OPBK	B	0.04%
BVFL	B	0.04%
FF	B	0.04%
RELL	B	0.04%
RSVR	D	0.04%
GPMT	D	0.04%
BTMD	F	0.04%
MDV	C	0.04%
STRT	C	0.04%
CRBU	F	0.04%
MFIN	D	0.04%
MBI	F	0.04%
USCB	D	0.04%
TBRG	D	0.04%
ATLO	F	0.04%
CHMG	C	0.04%
GNSS	A	0.04%
ESSA	C	0.04%
DC	D	0.04%
FCCO	D	0.04%
SLDB	F	0.04%
TCX	F	0.04%
FFNW	B	0.04%
FINW	B	0.04%
PLL	D	0.04%
BLNK	F	0.04%
MODV	F	0.04%
WNEB	B	0.04%
AEYE	C	0.04%
FLL	F	0.04%
DSGN	C	0.04%
INSG	C	0.04%
SAMG	B	0.04%
MYFW	B	0.04%
MGTX	F	0.04%
ONTF	F	0.04%
ARAY	F	0.04%
ELMD	B	0.04%
FSP	F	0.04%
ACHV	C	0.04%
BDTX	F	0.04%
NKSH	D	0.04%
GPRO	F	0.04%
EPM	B	0.04%
EML	C	0.04%
PVBC	D	0.04%
ACTG	F	0.04%
RCAT	B	0.04%
DSP	B	0.04%
MLP	D	0.04%
AFCG	D	0.04%
ASLE	F	0.04%
IBEX	C	0.04%
JOUT	F	0.04%
ZURA	C	0.04%
PYXS	F	0.04%
LAW	D	0.04%
NATR	F	0.04%
PSNL	C	0.04%
CRD.B	C	0.04%
ANIX	F	0.03%
MNOV	C	0.03%
AXTI	F	0.03%
EVI	D	0.03%
CRDF	D	0.03%
RVSB	C	0.03%
EGAN	F	0.03%
NRGV	F	0.03%
WMPN	B	0.03%
ACU	D	0.03%
FONR	F	0.03%
PNRG	A	0.03%
TUSK	B	0.03%
RGLS	F	0.03%
PPIH	A	0.03%
HNVR	B	0.03%
VERU	F	0.03%
HMNF	A	0.03%
DMAC	B	0.03%
TNYA	F	0.03%
ABOS	F	0.03%
QUIK	F	0.03%
OVBC	D	0.03%
SRBK	A	0.03%
CHMI	D	0.03%
HBIO	F	0.03%
FRD	D	0.03%
CVGI	F	0.03%
BCOV	C	0.03%
SKIN	F	0.03%
PTSI	F	0.03%
STXS	F	0.03%
OPI	F	0.03%
UNB	D	0.03%
SMLR	F	0.03%
KFS	D	0.03%
PRCH	D	0.03%
RGTI	F	0.03%
PBYI	F	0.03%
CTNM	F	0.03%
XFOR	F	0.03%
AGEN	F	0.03%
ACR	C	0.03%
MYO	D	0.03%
VSTM	D	0.03%
ESOA	B	0.03%
LFCR	D	0.03%
NC	D	0.03%
SPCE	F	0.03%
PEBK	F	0.03%
MRAM	D	0.03%
FREY	F	0.03%
SSTI	F	0.03%
AOUT	C	0.03%
SACH	F	0.03%
RMTI	C	0.03%
OBIO	F	0.03%
FCAP	B	0.03%
TAYD	D	0.03%
PMTS	D	0.03%
BW	C	0.03%
DIBS	F	0.03%
PRTH	C	0.03%
BFIN	C	0.03%
TTEC	F	0.03%
ECBK	C	0.03%
CVRX	D	0.03%
CHRS	F	0.03%
GRWG	D	0.03%
EXFY	F	0.03%
III	F	0.03%
ATYR	D	0.03%
SEER	B	0.03%
CTRN	D	0.03%
SMTI	F	0.03%
ETON	A	0.03%
EBMT	B	0.03%
GBIO	F	0.03%
ARC	A	0.03%
EHTH	D	0.03%
WHG	B	0.03%
NODK	B	0.03%
RCMT	D	0.03%
LWAY	B	0.03%
BSET	C	0.03%
ALTO	D	0.03%
PHX	B	0.03%
SCPH	F	0.03%
MRBK	B	0.03%
PGEN	F	0.03%
PAYS	F	0.03%
ISPR	F	0.03%
ZYXI	F	0.03%
SNCR	C	0.03%
LFVN	C	0.03%
CRNC	F	0.03%
EPSN	B	0.03%
JYNT	F	0.03%
POWW	F	0.03%
ALTI	F	0.03%
UBFO	B	0.03%
PDSB	D	0.03%
SBFG	B	0.03%
COOK	C	0.03%
AOMR	F	0.03%
CDZI	D	0.03%
RMBI	A	0.03%
RNAC	C	0.03%
CMT	F	0.03%
SNFCA	A	0.03%
SKYH	C	0.03%
BH	F	0.03%
MNSB	C	0.03%
LTRX	D	0.03%
CMTL	C	0.03%
NREF	B	0.03%
HURC	C	0.03%
KLTR	D	0.03%
OPRX	F	0.03%
VTYX	F	0.03%
CDLX	F	0.03%
EVC	D	0.03%
FRAF	D	0.03%
PBFS	C	0.03%
INFU	D	0.03%
AJX	F	0.03%
VRA	F	0.03%
AVD	F	0.03%
SSP	F	0.03%
CLAR	F	0.03%
HWBK	D	0.03%
GEOS	D	0.03%
FNWD	B	0.03%
MYPS	F	0.03%
LCTX	D	0.03%
FSFG	B	0.03%
NAUT	C	0.03%
ASPI	D	0.03%
TWIN	F	0.03%
CBFV	C	0.03%
VIGL	D	0.02%
SND	D	0.02%
ATOM	F	0.02%
DTIL	F	0.02%
GSIT	C	0.02%
SKYX	D	0.02%
IPWR	D	0.02%
PFIE	C	0.02%
NVCT	F	0.02%
CXDO	D	0.02%
SWKH	F	0.02%
MODD	B	0.02%
GOEV	F	0.02%
SKIL	C	0.02%
HOWL	F	0.02%
BKSY	F	0.02%
GNLX	D	0.02%
UBCP	B	0.02%
PDEX	B	0.02%
NL	B	0.02%
SUP	F	0.02%
TDUP	F	0.02%
CPHC	F	0.02%
AIRS	D	0.02%
SKYE	F	0.02%
BKTI	B	0.02%
FGBI	C	0.02%
ALXO	F	0.02%
VTSI	F	0.02%
CLPR	B	0.02%
OPOF	B	0.02%
ANVS	F	0.02%
REFR	D	0.02%
PMVP	F	0.02%
NNE	C	0.02%
VUZI	D	0.02%
ACNT	F	0.02%
RSSS	F	0.02%
RRGB	D	0.02%
OVID	D	0.02%
VOXX	C	0.02%
CNTY	D	0.02%
PLCE	D	0.02%
ASYS	D	0.02%
WW	F	0.02%
BEEM	F	0.02%
AE	C	0.02%
AEVA	D	0.02%
AIRG	A	0.02%
SLS	D	0.02%
LUNA	F	0.02%
IVVD	F	0.02%
EEX	F	0.02%
TLYS	F	0.02%
CULP	C	0.02%
NRDY	F	0.02%
STRW	B	0.02%
ALRN	D	0.02%
LPTX	F	0.02%
MGYR	D	0.02%
KVHI	B	0.02%
PROV	B	0.02%
RMBL	D	0.02%
GIFI	F	0.02%
NOTE	F	0.02%
TBNK	A	0.02%
EP	F	0.02%
CLRB	D	0.02%
CKPT	F	0.02%
AKYA	D	0.02%
INMB	F	0.02%
VHI	A	0.02%
STTK	F	0.02%
BCAB	C	0.02%
IPSC	F	0.02%
MAPS	F	0.02%
AXR	C	0.02%
AUGX	D	0.02%
DHX	F	0.02%
PETS	D	0.02%
KEQU	F	0.02%
DLHC	F	0.02%
STKS	F	0.02%
SES	F	0.02%
HQI	D	0.02%
CRVO	F	0.02%
RLMD	D	0.02%
GAN	C	0.02%
GUTS	F	0.02%
GLT	C	0.02%
KOPN	F	0.02%
KLXE	F	0.02%
LFT	C	0.02%
CFBK	B	0.02%
OTLK	F	0.02%
KYTX	F	0.02%
CPSS	C	0.02%
FNWB	F	0.02%
INVE	F	0.02%
FTK	C	0.02%
FBLG	D	0.02%
SUNS	B	0.02%
QBTS	D	0.02%
MASS	F	0.02%
LCUT	F	0.02%
GLSI	F	0.02%
SVCO	F	0.02%
FEIM	D	0.02%
TZOO	D	0.02%
VTGN	F	0.02%
ACRS	F	0.02%
BGSF	D	0.02%
AMTX	D	0.02%
CATO	D	0.02%
ALOT	F	0.02%
SERV	F	0.02%
MPX	D	0.02%
NEOV	B	0.02%
SGMT	D	0.02%
ACRV	F	0.02%
MNTX	D	0.02%
QSI	F	0.02%
KOD	D	0.02%
REKR	F	0.02%
INTT	F	0.02%
CSPI	F	0.02%
SCWO	C	0.02%
KINS	C	0.02%
KPTI	D	0.02%
IVAC	F	0.02%
CCRD	D	0.02%
COYA	D	0.02%
SRTS	D	0.02%
ORMP	F	0.02%
CTMX	F	0.02%
SNDA	D	0.02%
BLUE	F	0.02%
ISSC	D	0.02%
VERI	C	0.02%
MRNS	D	0.02%
LARK	D	0.02%
ULBI	D	0.02%
SKLZ	F	0.02%
OPFI	C	0.02%
FXNC	C	0.02%
OPRT	F	0.02%
SFBC	C	0.02%
NPCE	F	0.02%
ELDN	D	0.02%
ACET	F	0.02%
AFBI	C	0.02%
SPWH	D	0.02%
NTIC	F	0.02%
UEIC	F	0.02%
UFI	C	0.02%
KRMD	C	0.02%
NEON	D	0.02%
SBT	F	0.02%
CLSD	C	0.02%
RMNI	F	0.02%
MPTI	B	0.02%
EVTV	F	0.01%
USGO	B	0.01%
MRKR	F	0.01%
PNST	F	0.01%
BOLT	F	0.01%
SYPR	D	0.01%
VTVT	F	0.01%
JRSH	B	0.01%
STIM	F	0.01%
CMLS	F	0.01%
FBIO	F	0.01%
ACXP	F	0.01%
ICCC	F	0.01%
MSAI	D	0.01%
NAII	F	0.01%
CMBM	F	0.01%
XOS	F	0.01%
BOLD	F	0.01%
GRYP	F	0.01%
XLO	F	0.01%
ARMP	F	0.01%
ARKR	F	0.01%
FTEK	D	0.01%
NTIP	F	0.01%
BATL	C	0.01%
RENB	F	0.01%
POCI	F	0.01%
GCTS	F	0.01%
BAER	F	0.01%
ORKA	C	0.01%
MKTW	F	0.01%
MHH	D	0.01%
DYAI	F	0.01%
TPST	F	0.01%
VANI	F	0.01%
RDI	D	0.01%
OCX	F	0.01%
AWRE	D	0.01%
CREX	D	0.01%
RFL	B	0.01%
SGRP	C	0.01%
MGLD	C	0.01%
AEON	F	0.01%
FAT	F	0.01%
SURG	F	0.01%
FLNT	F	0.01%
FEAM	F	0.01%
LSBK	B	0.01%
KPLT	F	0.01%
VCSA	F	0.01%
SRZN	C	0.01%
IRIX	F	0.01%
CARM	F	0.01%
VRCA	F	0.01%
FARM	F	0.01%
RLYB	F	0.01%
DRIO	D	0.01%
SST	F	0.01%
RVPH	D	0.01%
ARL	F	0.01%
TPCS	F	0.01%
BYFC	C	0.01%
PHUN	F	0.01%
CALC	F	0.01%
CPTN	C	0.01%
OWLT	D	0.01%
HFBL	D	0.01%
AP	F	0.01%
PRLD	F	0.01%
BNTC	C	0.01%
SCOR	F	0.01%
TELO	D	0.01%
LTRN	F	0.01%
GANX	D	0.01%
RENT	F	0.01%
LVLU	D	0.01%
CELU	F	0.01%
AVTE	D	0.01%
TOON	F	0.01%
GEG	C	0.01%
WFCF	D	0.01%
NINE	F	0.01%
VOR	F	0.01%
AHT	F	0.01%
USIO	F	0.01%
ELEV	F	0.01%
QNCX	D	0.01%
CENN	F	0.01%
OPXS	D	0.01%
CHCI	B	0.01%
OMGA	F	0.01%
STCN	F	0.01%
NXTC	F	0.01%
CRIS	F	0.01%
XBP	F	0.01%
CODA	B	0.01%
MPU	F	0.01%
SOTK	D	0.01%
OCUP	F	0.01%
TARA	F	0.01%
VYNE	D	0.01%
CSBR	D	0.01%
PASG	F	0.01%
ISDR	D	0.01%
MDBH	F	0.01%
AADI	C	0.01%
ECOR	B	0.01%
OM	F	0.01%
BSBK	C	0.01%
NVNO	F	0.01%
INTS	F	0.01%
CCEL	F	0.01%
TCBS	A	0.01%
SLND	F	0.01%
UHG	D	0.01%
PBBK	D	0.01%
RPHM	D	0.01%
FLUX	D	0.01%
MAIA	F	0.01%
CUE	D	0.01%
APYX	D	0.01%
ICAD	D	0.01%
TCI	F	0.01%
VALU	C	0.01%
PPSI	D	0.01%
LTBR	C	0.01%
PROP	D	0.01%
FTHM	C	0.01%
GROV	F	0.01%
RBKB	A	0.01%
SIEB	C	0.01%
ELA	C	0.01%
DTC	F	0.01%
LNSR	D	0.01%
CODX	D	0.01%
AERT	F	0.01%
EGRX	F	0.01%
RFIL	B	0.01%
PRPH	F	0.01%
ELTX	D	0.01%
IDN	F	0.01%
PDYN	C	0.01%
HSON	F	0.01%
ZDGE	C	0.01%
LLAP	F	0.01%
CVU	B	0.01%
OPHC	D	0.01%
FGEN	F	0.01%
NOTV	D	0.01%
TKNO	B	0.01%
FSEA	D	0.01%
OPAD	F	0.01%
TACT	D	0.01%
FORA	F	0.01%
ASRV	D	0.01%
PXLW	F	0.01%
TELA	F	0.01%
ELUT	C	0.01%
GOCO	D	0.01%
OSS	D	0.01%
TYGO	D	0.01%
BWEN	F	0.01%
IZEA	C	0.01%
DTI	F	0.01%
MCHX	D	0.01%
NDLS	F	0.01%
KRON	F	0.01%
TISI	B	0.01%
ESP	B	0.01%
BGFV	D	0.01%
MGRM	F	0.01%
WRAP	F	0.01%
CIX	C	0.01%
FKWL	C	0.01%
CURV	F	0.01%
GMGI	F	0.01%
SSBI	F	0.01%
DERM	C	0.01%
CDTX	F	0.01%
ICCH	A	0.01%
GAIA	C	0.01%
USAU	C	0.01%
IKNA	D	0.01%
CRWS	D	0.01%
CPBI	A	0.01%
VBFC	B	0.01%
IROQ	C	0.01%
NHTC	F	0.01%
CLST	F	0.01%
ABAT	F	0.01%
SYRS	F	0.01%
AUID	F	0.01%
BEAT	D	0.01%
BAFN	C	0.01%
BKKT	F	0.01%
SPRU	F	0.01%
HHS	F	0.01%
SHOT	D	0.01%
LEE	D	0.01%
ENZ	D	0.01%
MOND	F	0.01%
HNNA	C	0.01%
ALLK	F	0.01%
OPTN	F	0.01%
CVM	F	0.01%
BHM	F	0.01%
NSTS	C	0.01%
HYMC	D	0.01%
PRTS	D	0.01%
STEM	F	0.01%
FTLF	C	0.01%
AUBN	C	0.01%
DLTH	D	0.01%
IMRX	D	0.01%
CURI	C	0.01%
PBHC	C	0.01%
ASMB	D	0.01%
BCOW	B	0.01%
SCYX	F	0.01%
MURA	F	0.01%
LOAN	A	0.01%
SCLX	F	0.01%
CBUS	F	0.01%
UG	C	0.01%
PRPL	F	0.01%
SELF	C	0.01%
LVO	F	0.01%
BOTJ	D	0.01%
UPLD	D	0.01%
RAPT	F	0.01%
KTCC	B	0.01%
APT	D	0.01%
ATNM	F	0.01%
SPRO	F	0.01%
GALT	C	0.01%
METCB	F	0.01%
HLVX	F	0.01%
LPTH	C	0.01%
BDSX	D	0.01%
SDIG	D	0.01%
SGA	F	0.01%
HGBL	F	0.01%
FUSB	C	0.01%
BTCS	D	0.0%
AREC	D	0.0%
EP	F	0.0%
SOC	C	0.0%
ANEB	F	0.0%
SMXT	F	0.0%
CTCX	F	0.0%
LINK	F	0.0%
INAB	F	0.0%
ALUR	F	0.0%
CMCT	F	0.0%
PODC	F	0.0%
IMMX	F	0.0%
DRCT	F	0.0%
AWH	F	0.0%
AAME	D	0.0%
INKT	F	0.0%
OCEA	F	0.0%
KFFB	D	0.0%
SHIM	F	0.0%
INTG	F	0.0%
GLYC	F	0.0%
PSQH	F	0.0%
DWSN	D	0.0%
TVGN	F	0.0%
HCWB	F	0.0%
TSBX	F	0.0%
XAIR	F	0.0%
QXO	F	0.0%
RVP	F	0.0%
MDAI	F	0.0%
UNCY	F	0.0%
NSYS	F	0.0%
GORV	F	0.0%
SVT	D	0.0%
AKA	D	0.0%
USEG	C	0.0%
VGAS	D	0.0%
ESLA	D	0.0%
EQ	F	0.0%
SLNG	C	0.0%
LYRA	F	0.0%
CETY	F	0.0%
MGX	F	0.0%
TOI	F	0.0%
UONEK	F	0.0%
BCG	F	0.0%
AIRE	F	0.0%
AXIL	F	0.0%
RDZN	F	0.0%
CGTX	F	0.0%
PTN	F	0.0%
OMEX	F	0.0%
AMPX	D	0.0%
CYTH	F	0.0%
CUTR	F	0.0%
TLF	D	0.0%
NEUE	F	0.0%
ATHA	F	0.0%
DTST	F	0.0%
GAME	F	0.0%
NCSM	D	0.0%
LIVE	F	0.0%
BRID	F	0.0%
LGL	B	0.0%
BTAI	F	0.0%
COCH	C	0.0%
ALTS	F	0.0%
SABS	F	0.0%
MAYS	D	0.0%
AISP	F	0.0%
VIVK	F	0.0%
ANTX	F	0.0%
CVV	F	0.0%
BODI	D	0.0%
AIRT	F	0.0%
PET	D	0.0%
DHAI	F	0.0%
CFSB	D	0.0%
FGF	D	0.0%
CXAI	F	0.0%
BTM	F	0.0%
PALT	F	0.0%

IWC Underweight 39 Positions Relative to IVES

Symbol	Grade	Weight
ESTC	F	-4.62%
OTEX	D	-4.45%
GDS	B	-3.85%
IOT	C	-3.42%
MSTR	B	-3.41%
SMCI	F	-2.97%
PSTG	F	-2.88%
NET	D	-2.86%
DDOG	B	-2.83%
NTAP	D	-2.8%
NTNX	C	-2.62%
MDB	D	-2.58%
OKTA	F	-2.37%
APPF	C	-1.58%
GTLB	D	-1.54%
DBX	C	-1.5%
SMAR	A	-1.43%
INFA	D	-1.42%
HCP	A	-1.28%
CVLT	B	-1.24%
ZETA	B	-1.21%
CFLT	F	-1.19%
KD	D	-0.98%
VNET	B	-0.97%
BOX	C	-0.87%
BLKB	C	-0.8%
INTA	C	-0.71%
DOCN	B	-0.7%
KC	C	-0.66%
NCNO	F	-0.65%
FROG	F	-0.59%
RNG	F	-0.52%
TDC	D	-0.52%
APPN	C	-0.46%
NABL	F	-0.45%
JAMF	F	-0.41%
SWI	B	-0.4%
PDFS	F	-0.31%
FSLY	D	-0.19%