IWD vs. ONOF ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Global X Adaptive U.S. Risk Management ETF (ONOF)

IWD

iShares Russell 1000 Value ETF

IWD Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. 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 1000 Value Index (the "underlying index"), which measures the performance of large- and mid-capitalization value sectors of the U.S. equity market. It is a subset of the Russell 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$197.59

Average Daily Volume

1,590,725

Number of Holdings ^*

865

* may have additional holdings in another (foreign) market

ONOF

Global X Adaptive U.S. Risk Management ETF

ONOF Description

The investment seeks investment results that correspond generally to the price and yield performance of the Adaptive Wealth Strategies U.S. Risk Management Index. The fund invests at least 80% of its total assets in the securities of the index or in investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities, either individually or in the aggregate. The index is designed to dynamically allocate between either 100% exposure to the Solactive GBS United States 500 Index TR or 100% exposure to a portfolio of U.S. Treasuries with 1-3 years remaining to maturity. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.77

Average Daily Volume

4,670

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	IWD	ONOF
30 Days	3.47%	3.65%
60 Days	4.83%	5.15%
90 Days	6.89%	6.74%
12 Months	29.46%	25.68%

408 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in ONOF	Overlap
	A	D	0.15%	0.08%	0.08%
	ABBV	D	0.65%	0.59%	0.59%
	ABT	B	0.78%	0.39%	0.39%
	ACGL	D	0.14%	0.07%	0.07%
	ACN	C	0.86%	0.45%	0.45%
	ADI	D	0.4%	0.21%	0.21%
	ADM	D	0.1%	0.05%	0.05%
	ADP	B	0.03%	0.24%	0.03%
	AEE	A	0.09%	0.05%	0.05%
	AEP	D	0.2%	0.1%	0.1%
	AFL	B	0.24%	0.11%	0.11%
	AGR	B	0.01%	0.0%	0.0%
	AIG	B	0.19%	0.1%	0.1%
	AJG	B	0.23%	0.12%	0.12%
	AKAM	D	0.05%	0.03%	0.03%
	ALGN	F	0.03%	0.03%	0.03%
	ALL	A	0.17%	0.1%	0.1%
	ALNY	D	0.01%	0.06%	0.01%
	AMAT	F	0.04%	0.3%	0.04%
	AMCR	D	0.06%	0.03%	0.03%
	AMD	F	0.29%	0.44%	0.29%
	AME	A	0.17%	0.09%	0.09%
	AMGN	D	0.13%	0.31%	0.13%
	AMP	A	0.02%	0.11%	0.02%
	ANSS	B	0.11%	0.06%	0.06%
	AON	A	0.29%	0.14%	0.14%
	APD	A	0.27%	0.14%	0.14%
	APH	A	0.14%	0.17%	0.14%
	APO	B	0.08%	0.13%	0.08%
	APTV	D	0.06%	0.03%	0.03%
	ARE	D	0.07%	0.03%	0.03%
	ATO	A	0.08%	0.04%	0.04%
	AVB	B	0.13%	0.06%	0.06%
	AVTR	F	0.05%	0.03%	0.03%
	AVY	D	0.04%	0.03%	0.03%
	AWK	D	0.1%	0.05%	0.05%
	AXP	A	0.39%	0.32%	0.32%
	AZO	C	0.02%	0.11%	0.02%
	BA	F	0.31%	0.16%	0.16%
	BAC	A	1.23%	0.61%	0.61%
	BALL	D	0.07%	0.04%	0.04%
	BAX	D	0.06%	0.03%	0.03%
	BBY	D	0.08%	0.03%	0.03%
	BDX	F	0.25%	0.13%	0.13%
	BG	F	0.05%	0.02%	0.02%
	BIIB	F	0.09%	0.05%	0.05%
	BK	A	0.22%	0.11%	0.11%
	BKNG	A	0.04%	0.33%	0.04%
	BKR	B	0.17%	0.09%	0.09%
	BLDR	D	0.07%	0.04%	0.04%
	BLK	C	0.6%	0.3%	0.3%
	BMRN	D	0.05%	0.02%	0.02%
	BMY	B	0.44%	0.23%	0.23%
	BR	A	0.01%	0.05%	0.01%
	BRK.A	B	3.35%	1.21%	1.21%
	BRO	B	0.06%	0.05%	0.05%
	BSX	B	0.5%	0.25%	0.25%
	BXP	D	0.05%	0.02%	0.02%
	C	A	0.51%	0.25%	0.25%
	CAG	D	0.05%	0.03%	0.03%
	CAH	B	0.05%	0.06%	0.05%
	CARR	D	0.24%	0.12%	0.12%
	CAT	B	0.63%	0.37%	0.37%
	CB	C	0.45%	0.23%	0.23%
	CBOE	B	0.08%	0.04%	0.04%
	CBRE	B	0.16%	0.08%	0.08%
	CCI	D	0.18%	0.09%	0.09%
	CCL	B	0.09%	0.05%	0.05%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.02%	0.02%	0.02%
	CEG	D	0.23%	0.14%	0.14%
	CF	B	0.06%	0.03%	0.03%
	CFG	B	0.08%	0.04%	0.04%
	CHD	B	0.1%	0.05%	0.05%
	CHTR	C	0.14%	0.07%	0.07%
	CI	F	0.32%	0.18%	0.18%
	CINF	A	0.09%	0.04%	0.04%
	CL	D	0.13%	0.15%	0.13%
	CMCSA	B	0.64%	0.33%	0.33%
	CME	A	0.32%	0.16%	0.16%
	CMI	A	0.19%	0.1%	0.1%
	CMS	C	0.08%	0.04%	0.04%
	CNC	D	0.12%	0.06%	0.06%
	CNP	B	0.08%	0.04%	0.04%
	COF	B	0.27%	0.14%	0.14%
	COIN	C	0.04%	0.11%	0.04%
	COP	C	0.51%	0.26%	0.26%
	CPB	D	0.03%	0.02%	0.02%
	CPRT	A	0.01%	0.1%	0.01%
	CRM	B	0.18%	0.6%	0.18%
	CSCO	B	0.91%	0.46%	0.46%
	CSGP	D	0.11%	0.06%	0.06%
	CSL	C	0.07%	0.04%	0.04%
	CSX	B	0.27%	0.14%	0.14%
	CTAS	B	0.01%	0.15%	0.01%
	CTRA	B	0.07%	0.04%	0.04%
	CTSH	B	0.15%	0.08%	0.08%
	CTVA	C	0.15%	0.08%	0.08%
	CVNA	B	0.07%	0.05%	0.05%
	CVS	D	0.26%	0.14%	0.14%
	CVX	A	1.08%	0.54%	0.54%
	D	C	0.19%	0.09%	0.09%
	DAL	C	0.16%	0.08%	0.08%
	DASH	A	0.03%	0.11%	0.03%
	DD	D	0.13%	0.06%	0.06%
	DE	A	0.39%	0.19%	0.19%
	DELL	C	0.12%	0.08%	0.08%
	DFS	B	0.17%	0.08%	0.08%
	DG	F	0.06%	0.03%	0.03%
	DGX	A	0.07%	0.03%	0.03%
	DHI	D	0.19%	0.1%	0.1%
	DHR	F	0.58%	0.3%	0.3%
	DIS	B	0.82%	0.39%	0.39%
	DLR	B	0.23%	0.11%	0.11%
	DLTR	F	0.05%	0.03%	0.03%
	DOC	D	0.06%	0.03%	0.03%
	DOV	A	0.11%	0.05%	0.05%
	DOW	F	0.12%	0.06%	0.06%
	DOX	D	0.04%	0.02%	0.02%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.1%	0.05%	0.05%
	DUK	C	0.34%	0.17%	0.17%
	DVN	F	0.09%	0.05%	0.05%
	EA	A	0.17%	0.08%	0.08%
	EBAY	D	0.12%	0.06%	0.06%
	ECL	D	0.03%	0.12%	0.03%
	ED	D	0.13%	0.06%	0.06%
	EFX	F	0.09%	0.06%	0.06%
	EG	C	0.05%	0.02%	0.02%
	EIX	B	0.12%	0.06%	0.06%
	EL	F	0.04%	0.03%	0.03%
	ELV	F	0.3%	0.19%	0.19%
	EME	C	0.05%	0.04%	0.04%
	EMR	A	0.28%	0.14%	0.14%
	EOG	A	0.3%	0.15%	0.15%
	EQIX	A	0.31%	0.16%	0.16%
	EQR	B	0.11%	0.05%	0.05%
	EQT	B	0.09%	0.05%	0.05%
	ES	D	0.08%	0.04%	0.04%
	ESS	B	0.07%	0.04%	0.04%
	ETN	A	0.56%	0.28%	0.28%
	ETR	B	0.12%	0.06%	0.06%
	EVRG	A	0.06%	0.03%	0.03%
	EW	C	0.13%	0.08%	0.08%
	EXC	C	0.15%	0.07%	0.07%
	EXPD	D	0.06%	0.03%	0.03%
	EXR	D	0.13%	0.07%	0.07%
	F	C	0.17%	0.08%	0.08%
	FANG	D	0.13%	0.06%	0.06%
	FAST	B	0.03%	0.09%	0.03%
	FCNCA	A	0.1%	0.05%	0.05%
	FCX	D	0.24%	0.12%	0.12%
	FDS	B	0.05%	0.04%	0.04%
	FDX	B	0.26%	0.13%	0.13%
	FE	C	0.09%	0.04%	0.04%
	FI	A	0.32%	0.24%	0.24%
	FICO	B	0.03%	0.11%	0.03%
	FIS	C	0.19%	0.1%	0.1%
	FITB	A	0.12%	0.06%	0.06%
	FOX	A	0.02%	0.01%	0.01%
	FOXA	B	0.04%	0.02%	0.02%
	FSLR	F	0.08%	0.04%	0.04%
	FTNT	C	0.04%	0.11%	0.04%
	FTV	C	0.1%	0.05%	0.05%
	GD	F	0.31%	0.13%	0.13%
	GE	D	0.59%	0.38%	0.38%
	GEHC	F	0.13%	0.07%	0.07%
	GEV	B	0.35%	0.18%	0.18%
	GFS	C	0.02%	0.01%	0.01%
	GILD	C	0.43%	0.23%	0.23%
	GIS	D	0.14%	0.07%	0.07%
	GLW	B	0.14%	0.07%	0.07%
	GM	B	0.25%	0.13%	0.13%
	GPC	D	0.07%	0.03%	0.03%
	GPN	B	0.12%	0.06%	0.06%
	GRMN	B	0.13%	0.06%	0.06%
	GS	A	0.53%	0.36%	0.36%
	GWW	B	0.03%	0.1%	0.03%
	HAL	C	0.1%	0.05%	0.05%
	HBAN	A	0.1%	0.05%	0.05%
	HCA	F	0.19%	0.13%	0.13%
	HD	A	0.32%	0.79%	0.32%
	HES	B	0.06%	0.08%	0.06%
	HIG	B	0.13%	0.07%	0.07%
	HLT	A	0.12%	0.12%	0.12%
	HOLX	D	0.07%	0.04%	0.04%
	HON	B	0.49%	0.3%	0.3%
	HOOD	B	0.08%	0.03%	0.03%
	HPE	B	0.11%	0.05%	0.05%
	HPQ	A	0.11%	0.07%	0.07%
	HRL	D	0.03%	0.02%	0.02%
	HSY	F	0.08%	0.05%	0.05%
	HUBB	B	0.09%	0.05%	0.05%
	HUM	C	0.13%	0.07%	0.07%
	HWM	A	0.17%	0.09%	0.09%
	IBKR	A	0.07%	0.03%	0.03%
	IBM	C	0.73%	0.38%	0.38%
	ICE	C	0.34%	0.17%	0.17%
	IEX	B	0.07%	0.03%	0.03%
	IFF	D	0.09%	0.04%	0.04%
	ILMN	D	0.08%	0.04%	0.04%
	INCY	C	0.04%	0.03%	0.03%
	INTC	D	0.4%	0.21%	0.21%
	INVH	D	0.08%	0.04%	0.04%
	IQV	D	0.12%	0.07%	0.07%
	IR	B	0.16%	0.08%	0.08%
	IRM	D	0.06%	0.06%	0.06%
	ITW	B	0.2%	0.16%	0.16%
	J	F	0.07%	0.03%	0.03%
	JBHT	C	0.06%	0.03%	0.03%
	JBL	B	0.05%	0.03%	0.03%
	JCI	C	0.22%	0.11%	0.11%
	JNJ	D	1.45%	0.72%	0.72%
	JPM	A	2.74%	1.35%	1.35%
	K	A	0.08%	0.04%	0.04%
	KDP	D	0.14%	0.07%	0.07%
	KEYS	A	0.1%	0.05%	0.05%
	KHC	F	0.11%	0.05%	0.05%
	KKR	A	0.28%	0.2%	0.2%
	KMB	D	0.1%	0.09%	0.09%
	KMI	A	0.21%	0.1%	0.1%
	KO	D	0.4%	0.48%	0.4%
	KR	B	0.15%	0.08%	0.08%
	KVUE	A	0.18%	0.09%	0.09%
	L	A	0.06%	0.03%	0.03%
	LDOS	C	0.08%	0.04%	0.04%
	LEN	D	0.01%	0.08%	0.01%
	LEN	D	0.16%	0.08%	0.08%
	LEN	D	0.16%	0.0%	0.0%
	LEN	D	0.01%	0.0%	0.0%
	LH	C	0.08%	0.04%	0.04%
	LHX	C	0.18%	0.09%	0.09%
	LIN	D	0.84%	0.43%	0.43%
	LMT	D	0.3%	0.25%	0.25%
	LNG	B	0.09%	0.09%	0.09%
	LNT	A	0.06%	0.03%	0.03%
	LOW	D	0.6%	0.3%	0.3%
	LUV	C	0.08%	0.04%	0.04%
	LYB	F	0.08%	0.04%	0.04%
	MAA	B	0.07%	0.04%	0.04%
	MAR	B	0.25%	0.13%	0.13%
	MCD	D	0.77%	0.42%	0.42%
	MCHP	F	0.13%	0.07%	0.07%
	MCK	B	0.17%	0.16%	0.16%
	MDLZ	F	0.34%	0.17%	0.17%
	MDT	D	0.44%	0.22%	0.22%
	MET	A	0.19%	0.1%	0.1%
	MGM	D	0.03%	0.02%	0.02%
	MKC	D	0.07%	0.04%	0.04%
	MKL	A	0.07%	0.05%	0.05%
	MLM	B	0.13%	0.07%	0.07%
	MMC	B	0.37%	0.21%	0.21%
	MMM	D	0.23%	0.14%	0.14%
	MNST	C	0.03%	0.08%	0.03%
	MO	A	0.37%	0.19%	0.19%
	MOH	F	0.02%	0.03%	0.02%
	MPC	D	0.22%	0.1%	0.1%
	MRNA	F	0.05%	0.03%	0.03%
	MRO	B	0.06%	0.03%	0.03%
	MRVL	B	0.27%	0.15%	0.15%
	MS	A	0.57%	0.32%	0.32%
	MSCI	C	0.07%	0.09%	0.07%
	MSI	B	0.16%	0.16%	0.16%
	MSTR	C	0.19%	0.12%	0.12%
	MTB	A	0.14%	0.07%	0.07%
	MTD	D	0.1%	0.05%	0.05%
	MU	D	0.41%	0.22%	0.22%
	NDAQ	A	0.13%	0.06%	0.06%
	NDSN	B	0.06%	0.03%	0.03%
	NEE	D	0.61%	0.3%	0.3%
	NEM	D	0.18%	0.09%	0.09%
	NKE	D	0.14%	0.18%	0.14%
	NOC	D	0.27%	0.15%	0.15%
	NSC	B	0.23%	0.12%	0.12%
	NTAP	C	0.05%	0.05%	0.05%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	C	0.14%	0.07%	0.07%
	NVR	D	0.1%	0.05%	0.05%
	O	D	0.19%	0.1%	0.1%
	OKE	A	0.25%	0.12%	0.12%
	OKTA	C	0.03%	0.02%	0.02%
	OMC	C	0.07%	0.04%	0.04%
	ON	D	0.11%	0.06%	0.06%
	ORLY	B	0.02%	0.14%	0.02%
	OTIS	C	0.16%	0.08%	0.08%
	OXY	D	0.13%	0.07%	0.07%
	PAYX	C	0.11%	0.09%	0.09%
	PCAR	B	0.22%	0.12%	0.12%
	PCG	A	0.17%	0.09%	0.09%
	PEG	A	0.17%	0.08%	0.08%
	PEP	F	0.18%	0.45%	0.18%
	PFE	D	0.55%	0.29%	0.29%
	PFG	D	0.08%	0.04%	0.04%
	PG	A	1.21%	0.77%	0.77%
	PGR	A	0.09%	0.3%	0.09%
	PH	A	0.35%	0.17%	0.17%
	PHM	D	0.1%	0.05%	0.05%
	PLD	D	0.41%	0.21%	0.21%
	PM	B	0.78%	0.39%	0.39%
	PNC	B	0.32%	0.16%	0.16%
	PPG	F	0.11%	0.06%	0.06%
	PPL	B	0.1%	0.05%	0.05%
	PRU	A	0.18%	0.09%	0.09%
	PSA	D	0.18%	0.1%	0.1%
	PSTG	D	0.01%	0.03%	0.01%
	PSX	C	0.21%	0.11%	0.11%
	PTC	A	0.03%	0.04%	0.03%
	PWR	A	0.13%	0.09%	0.09%
	PYPL	B	0.34%	0.18%	0.18%
	QCOM	F	0.04%	0.36%	0.04%
	RCL	A	0.14%	0.1%	0.1%
	REGN	F	0.28%	0.16%	0.16%
	RF	A	0.09%	0.05%	0.05%
	RJF	A	0.12%	0.06%	0.06%
	RKT	F	0.01%	0.0%	0.0%
	RMD	C	0.1%	0.07%	0.07%
	ROK	B	0.12%	0.06%	0.06%
	ROP	B	0.23%	0.12%	0.12%
	ROST	C	0.14%	0.09%	0.09%
	RPRX	D	0.04%	0.02%	0.02%
	RS	B	0.07%	0.03%	0.03%
	RSG	A	0.17%	0.08%	0.08%
	RTX	C	0.61%	0.31%	0.31%
	RVTY	F	0.05%	0.03%	0.03%
	SBAC	D	0.09%	0.05%	0.05%
	SBUX	A	0.1%	0.22%	0.1%
	SCHW	B	0.42%	0.23%	0.23%
	SHW	A	0.03%	0.18%	0.03%
	SIRI	C	0.02%	0.0%	0.0%
	SLB	C	0.24%	0.12%	0.12%
	SO	D	0.37%	0.19%	0.19%
	SPG	B	0.17%	0.11%	0.11%
	SPGI	C	0.61%	0.31%	0.31%
	SQ	A	0.11%	0.09%	0.09%
	SRE	A	0.23%	0.11%	0.11%
	SSNC	B	0.06%	0.03%	0.03%
	STE	F	0.08%	0.04%	0.04%
	STLD	B	0.08%	0.04%	0.04%
	STT	A	0.11%	0.06%	0.06%
	STZ	D	0.15%	0.07%	0.07%
	SUI	D	0.06%	0.03%	0.03%
	SW	A	0.1%	0.05%	0.05%
	SWK	D	0.05%	0.03%	0.03%
	SWKS	F	0.05%	0.03%	0.03%
	SYF	B	0.1%	0.05%	0.05%
	SYK	C	0.39%	0.24%	0.24%
	SYY	B	0.06%	0.07%	0.06%
	T	A	0.63%	0.31%	0.31%
	TDG	D	0.21%	0.14%	0.14%
	TDY	B	0.08%	0.04%	0.04%
	TER	D	0.01%	0.03%	0.01%
	TFC	A	0.24%	0.12%	0.12%
	TGT	F	0.27%	0.14%	0.14%
	TJX	A	0.22%	0.27%	0.22%
	TKO	B	0.03%	0.02%	0.02%
	TMO	F	0.76%	0.4%	0.4%
	TMUS	B	0.44%	0.22%	0.22%
	TPG	A	0.02%	0.01%	0.01%
	TRMB	B	0.07%	0.03%	0.03%
	TROW	B	0.1%	0.05%	0.05%
	TRU	D	0.07%	0.04%	0.04%
	TRV	B	0.23%	0.12%	0.12%
	TSN	B	0.07%	0.03%	0.03%
	TT	A	0.24%	0.18%	0.18%
	TTWO	A	0.12%	0.06%	0.06%
	TW	A	0.04%	0.03%	0.03%
	TXN	C	0.63%	0.37%	0.37%
	TYL	C	0.01%	0.05%	0.01%
	UAL	A	0.12%	0.06%	0.06%
	ULTA	F	0.01%	0.03%	0.01%
	UNH	C	1.98%	1.07%	1.07%
	UNP	C	0.29%	0.28%	0.28%
	UPS	C	0.38%	0.19%	0.19%
	URI	B	0.16%	0.11%	0.11%
	USB	A	0.3%	0.15%	0.15%
	VICI	C	0.13%	0.06%	0.06%
	VLO	C	0.17%	0.09%	0.09%
	VLTO	D	0.05%	0.04%	0.04%
	VMC	B	0.11%	0.07%	0.07%
	VRSN	F	0.06%	0.03%	0.03%
	VRTX	F	0.23%	0.24%	0.23%
	VTR	C	0.1%	0.05%	0.05%
	VTRS	A	0.06%	0.03%	0.03%
	VZ	C	0.68%	0.34%	0.34%
	WAB	B	0.13%	0.07%	0.07%
	WAT	B	0.03%	0.05%	0.03%
	WBD	C	0.09%	0.04%	0.04%
	WDC	D	0.08%	0.04%	0.04%
	WEC	A	0.12%	0.06%	0.06%
	WELL	A	0.32%	0.16%	0.16%
	WFC	A	1.01%	0.49%	0.49%
	WLK	D	0.02%	0.01%	0.01%
	WMB	A	0.27%	0.13%	0.13%
	WMT	A	1.42%	0.73%	0.73%
	WRB	A	0.07%	0.03%	0.03%
	WSM	B	0.03%	0.03%	0.03%
	WSO	A	0.07%	0.04%	0.04%
	WST	C	0.04%	0.05%	0.04%
	WTW	B	0.12%	0.06%	0.06%
	WY	D	0.09%	0.04%	0.04%
	XEL	A	0.15%	0.07%	0.07%
	XOM	B	2.08%	1.05%	1.05%
	XYL	D	0.11%	0.06%	0.06%
	YUM	B	0.09%	0.07%	0.07%
	ZBH	C	0.09%	0.04%	0.04%
	ZBRA	B	0.06%	0.04%	0.04%
	ZM	B	0.08%	0.04%	0.04%
	ZTS	D	0.05%	0.16%	0.05%

IWD Overweight 459 Positions Relative to ONOF

	Symbol	Grade	Weight
	CRH	A	0.26%
	FERG	B	0.15%
	COO	D	0.08%
	IP	B	0.08%
	PKG	A	0.08%
	EXE	B	0.08%
	OC	A	0.07%
	MAS	D	0.07%
	PNR	A	0.07%
	KEY	B	0.07%
	SNA	A	0.07%
	EWBC	A	0.06%
	ACM	B	0.06%
	UDR	B	0.06%
	THC	D	0.06%
	USFD	A	0.06%
	GGG	B	0.06%
	RGA	A	0.06%
	TOL	B	0.06%
	FNF	B	0.06%
	UTHR	C	0.06%
	TXT	D	0.06%
	GEN	B	0.06%
	KIM	A	0.06%
	NI	A	0.06%
	Z	A	0.05%
	UHS	D	0.05%
	SOFI	A	0.05%
	EMN	D	0.05%
	JNPR	F	0.05%
	SCI	B	0.05%
	NVT	B	0.05%
	HST	C	0.05%
	NTNX	A	0.05%
	WPC	D	0.05%
	FTI	A	0.05%
	ALLE	D	0.05%
	ALB	C	0.05%
	CASY	A	0.05%
	EPAM	C	0.05%
	CPT	B	0.05%
	COHR	B	0.05%
	ITT	A	0.05%
	CLH	B	0.05%
	JKHY	D	0.05%
	AMH	D	0.05%
	GLPI	C	0.05%
	CHRW	C	0.05%
	UNM	A	0.05%
	ELS	C	0.05%
	TPR	B	0.05%
	AFRM	A	0.05%
	TWLO	A	0.05%
	RPM	A	0.05%
	RNR	C	0.05%
	REG	B	0.05%
	CW	B	0.05%
	FFIV	B	0.05%
	GMED	A	0.04%
	TFX	F	0.04%
	REXR	F	0.04%
	CMA	A	0.04%
	BWXT	B	0.04%
	FBIN	D	0.04%
	INGR	B	0.04%
	DCI	B	0.04%
	RGLD	C	0.04%
	ORI	A	0.04%
	JEF	A	0.04%
	SOLV	C	0.04%
	PNFP	B	0.04%
	BRBR	A	0.04%
	FRT	B	0.04%
	CNH	C	0.04%
	CRL	C	0.04%
	MKTX	D	0.04%
	CIEN	B	0.04%
	DPZ	C	0.04%
	GL	B	0.04%
	DTM	B	0.04%
	WAL	B	0.04%
	WTRG	B	0.04%
	ARMK	B	0.04%
	EHC	B	0.04%
	AES	F	0.04%
	NLY	C	0.04%
	OHI	C	0.04%
	AFG	A	0.04%
	GME	C	0.04%
	LAD	A	0.04%
	DKS	C	0.04%
	DAY	B	0.04%
	LKQ	D	0.04%
	ALSN	B	0.04%
	AYI	B	0.04%
	BLD	D	0.04%
	WWD	B	0.04%
	IPG	D	0.04%
	WBS	A	0.04%
	CACI	D	0.04%
	PRI	A	0.04%
	TECH	D	0.04%
	PNW	B	0.04%
	CCK	C	0.04%
	EVR	B	0.04%
	CTLT	B	0.04%
	CUBE	D	0.04%
	FWONK	B	0.04%
	NWSA	B	0.04%
	PFGC	B	0.04%
	TAP	C	0.04%
	SJM	D	0.04%
	ATR	B	0.04%
	CG	A	0.04%
	AA	B	0.04%
	FHN	A	0.04%
	RRX	B	0.04%
	NRG	B	0.04%
	KMX	B	0.04%
	SF	B	0.04%
	AIZ	A	0.04%
	BJ	A	0.04%
	OVV	B	0.04%
	COLB	A	0.03%
	MTG	C	0.03%
	CGNX	C	0.03%
	FAF	A	0.03%
	IVZ	B	0.03%
	LSTR	D	0.03%
	BILL	A	0.03%
	STAG	F	0.03%
	AZPN	A	0.03%
	WEX	D	0.03%
	HR	C	0.03%
	DINO	D	0.03%
	AXS	A	0.03%
	VMI	B	0.03%
	MKSI	C	0.03%
	FMC	D	0.03%
	ALK	C	0.03%
	WH	B	0.03%
	HRB	D	0.03%
	DAR	C	0.03%
	FCN	D	0.03%
	FND	C	0.03%
	MTSI	B	0.03%
	GXO	B	0.03%
	RLI	B	0.03%
	SSD	D	0.03%
	FR	D	0.03%
	ATI	D	0.03%
	GNTX	C	0.03%
	ELAN	D	0.03%
	R	B	0.03%
	ESAB	B	0.03%
	VFC	C	0.03%
	OSK	B	0.03%
	BBWI	D	0.03%
	AGNC	D	0.03%
	VNO	B	0.03%
	KBR	F	0.03%
	CART	C	0.03%
	MIDD	C	0.03%
	SKX	D	0.03%
	COKE	C	0.03%
	MHK	D	0.03%
	LBRDK	C	0.03%
	LW	C	0.03%
	PB	A	0.03%
	ROKU	D	0.03%
	CHE	D	0.03%
	RHI	B	0.03%
	JAZZ	B	0.03%
	ADC	B	0.03%
	KEX	C	0.03%
	HII	D	0.03%
	PR	B	0.03%
	NNN	D	0.03%
	BERY	B	0.03%
	FLS	B	0.03%
	BWA	D	0.03%
	G	B	0.03%
	MTCH	D	0.03%
	RRC	B	0.03%
	CHRD	D	0.03%
	ACI	C	0.03%
	CZR	F	0.03%
	SNV	B	0.03%
	X	C	0.03%
	SEIC	B	0.03%
	APG	B	0.03%
	CFR	B	0.03%
	APA	D	0.03%
	LECO	B	0.03%
	LAMR	D	0.03%
	RIVN	F	0.03%
	VOYA	B	0.03%
	EGP	F	0.03%
	RL	B	0.03%
	GPK	C	0.03%
	NYT	C	0.03%
	MTZ	B	0.03%
	CR	A	0.03%
	JLL	D	0.03%
	MOS	F	0.03%
	CBSH	A	0.03%
	TTC	D	0.03%
	OGE	B	0.03%
	FYBR	D	0.03%
	WTFC	A	0.03%
	WYNN	D	0.03%
	GWRE	A	0.03%
	ALLY	C	0.03%
	ZION	B	0.03%
	BRX	A	0.03%
	TTEK	F	0.03%
	AAL	B	0.03%
	AOS	F	0.03%
	SNX	C	0.03%
	HSIC	B	0.03%
	KNX	B	0.03%
	AR	B	0.03%
	HLI	B	0.03%
	AXTA	A	0.03%
	RBC	A	0.03%
	WCC	B	0.03%
	OGN	D	0.02%
	LINE	F	0.02%
	SITE	D	0.02%
	HOG	D	0.02%
	FLO	D	0.02%
	GTES	A	0.02%
	PAYC	B	0.02%
	DLB	B	0.02%
	M	D	0.02%
	AN	C	0.02%
	KMPR	B	0.02%
	GAP	B	0.02%
	AWI	A	0.02%
	RYN	D	0.02%
	SLGN	A	0.02%
	PSN	D	0.02%
	WSC	D	0.02%
	EEFT	B	0.02%
	DBX	B	0.02%
	KRC	C	0.02%
	CUZ	B	0.02%
	AGO	B	0.02%
	ST	F	0.02%
	FRPT	B	0.02%
	AVT	C	0.02%
	CROX	D	0.02%
	ROIV	C	0.02%
	OLN	D	0.02%
	TKR	D	0.02%
	WTM	A	0.02%
	HXL	D	0.02%
	BYD	C	0.02%
	SON	D	0.02%
	AL	B	0.02%
	UGI	A	0.02%
	BFAM	D	0.02%
	OZK	B	0.02%
	POST	C	0.02%
	SLM	A	0.02%
	SN	D	0.02%
	CCCS	B	0.02%
	LEA	D	0.02%
	CRUS	D	0.02%
	LITE	B	0.02%
	EXAS	D	0.02%
	GNRC	B	0.02%
	RITM	C	0.02%
	BC	C	0.02%
	THO	B	0.02%
	NFG	A	0.02%
	OLLI	D	0.02%
	DOCS	C	0.02%
	PVH	C	0.02%
	H	B	0.02%
	WMS	D	0.02%
	JHG	A	0.02%
	SAIA	B	0.02%
	THG	A	0.02%
	AGCO	D	0.02%
	AMG	B	0.02%
	ONTO	D	0.02%
	LNC	B	0.02%
	FNB	A	0.02%
	VNT	B	0.02%
	LFUS	F	0.02%
	IDA	A	0.02%
	WHR	B	0.02%
	RGEN	D	0.02%
	S	B	0.02%
	STWD	C	0.02%
	ARW	D	0.02%
	WBA	F	0.02%
	BEN	C	0.02%
	BIO	D	0.02%
	QRVO	F	0.02%
	MTDR	B	0.02%
	BPOP	B	0.02%
	OMF	A	0.02%
	SAIC	F	0.02%
	COLD	D	0.02%
	ESI	A	0.02%
	NOV	C	0.02%
	KD	B	0.02%
	MSA	D	0.02%
	MAT	D	0.02%
	PARA	C	0.02%
	LLYVA	A	0.01%
	DDS	B	0.01%
	SNDR	B	0.01%
	TRIP	F	0.01%
	REYN	D	0.01%
	FTRE	D	0.01%
	LEG	F	0.01%
	WEN	D	0.01%
	EXEL	B	0.01%
	GO	C	0.01%
	UA	B	0.01%
	QS	F	0.01%
	CLVT	F	0.01%
	BIRK	D	0.01%
	ALAB	B	0.01%
	CNXC	F	0.01%
	VSTS	C	0.01%
	CRI	D	0.01%
	PPC	C	0.01%
	QDEL	F	0.01%
	AZEK	A	0.01%
	LBTYK	A	0.01%
	KSS	F	0.01%
	LCID	F	0.01%
	INFA	D	0.01%
	ETSY	D	0.01%
	UAA	C	0.01%
	LBTYA	A	0.01%
	LYFT	C	0.01%
	BRKR	D	0.01%
	IPGP	D	0.01%
	GLOB	B	0.01%
	SHC	F	0.01%
	ADT	C	0.01%
	LPX	B	0.01%
	RCM	F	0.01%
	AAP	C	0.01%
	CWEN	C	0.01%
	WU	D	0.01%
	AZTA	D	0.01%
	YETI	C	0.01%
	JWN	C	0.01%
	HAYW	B	0.01%
	SAM	C	0.01%
	PINC	B	0.01%
	ALGM	D	0.01%
	SPB	C	0.01%
	MP	B	0.01%
	CPRI	F	0.01%
	HHH	B	0.01%
	EXP	A	0.01%
	ENOV	C	0.01%
	MPW	F	0.01%
	BOKF	B	0.01%
	CC	C	0.01%
	CXT	B	0.01%
	COTY	F	0.01%
	SEE	C	0.01%
	COLM	B	0.01%
	CNM	D	0.01%
	AMKR	D	0.01%
	VIRT	B	0.01%
	ECG	C	0.01%
	U	C	0.01%
	AMED	F	0.01%
	MAN	D	0.01%
	SNRE	D	0.01%
	PAG	B	0.01%
	NSA	D	0.01%
	LLYVK	A	0.01%
	PK	B	0.01%
	NXST	C	0.01%
	IRDM	D	0.01%
	BROS	B	0.01%
	SPR	D	0.01%
	PENN	C	0.01%
	AMTM	D	0.01%
	SMG	D	0.01%
	LOPE	B	0.01%
	BHF	B	0.01%
	VAC	B	0.01%
	ZI	D	0.01%
	HUN	F	0.01%
	AM	A	0.01%
	HIW	D	0.01%
	EPR	D	0.01%
	MASI	A	0.01%
	ZG	A	0.01%
	PII	D	0.01%
	ACHC	F	0.01%
	FHB	A	0.01%
	CLF	F	0.01%
	UHAL	D	0.01%
	IAC	D	0.01%
	NVST	B	0.01%
	NWS	A	0.01%
	W	F	0.01%
	PRGO	B	0.01%
	VNOM	A	0.01%
	TNL	A	0.01%
	XRAY	F	0.01%
	CIVI	D	0.01%
	NWL	B	0.01%
	DNB	B	0.01%
	MDU	D	0.01%
	MSGS	A	0.01%
	NEU	C	0.01%
	RH	B	0.01%
	DXC	B	0.01%
	PLNT	A	0.01%
	OLED	D	0.01%
	MSM	C	0.01%
	ASH	D	0.01%
	LOAR	A	0.0%
	UWMC	D	0.0%
	SEG	B	0.0%
	PARAA	B	0.0%
	NFE	D	0.0%
	UHAL	D	0.0%
	IONS	F	0.0%
	LAZ	B	0.0%
	GRAL	C	0.0%
	TXG	F	0.0%
	CACC	D	0.0%
	PLTK	B	0.0%
	DJT	C	0.0%
	CHH	A	0.0%
	SEB	F	0.0%
	UI	A	0.0%
	TFSL	A	0.0%
	PATH	C	0.0%
	WOLF	F	0.0%
	LSCC	D	0.0%
	FIVE	F	0.0%
	CWEN	C	0.0%
	HCP	B	0.0%
	CAR	C	0.0%
	MTN	C	0.0%
	CNA	B	0.0%
	PYCR	C	0.0%
	HAS	D	0.0%
	FWONA	B	0.0%
	AS	B	0.0%
	CERT	F	0.0%
	DV	C	0.0%
	LBRDA	C	0.0%
	NCNO	B	0.0%

IWD Underweight 94 Positions Relative to ONOF

	Symbol	Grade	Weight
	NVDA	C	-6.8%
	AAPL	C	-6.64%
	MSFT	F	-6.15%
	AMZN	C	-3.9%
	META	D	-2.47%
	GOOGL	C	-2.02%
	GOOG	C	-1.82%
	TSLA	B	-1.7%
	AVGO	D	-1.53%
	LLY	F	-1.31%
	V	A	-1.01%
	MA	C	-0.84%
	COST	B	-0.8%
	NFLX	A	-0.69%
	ORCL	B	-0.6%
	MRK	F	-0.49%
	ADBE	C	-0.46%
	NOW	A	-0.42%
	INTU	C	-0.38%
	ISRG	A	-0.37%
	UBER	D	-0.28%
	PANW	C	-0.25%
	BX	A	-0.25%
	PLTR	B	-0.23%
	LRCX	F	-0.19%
	WM	A	-0.18%
	MELI	D	-0.18%
	AMT	D	-0.18%
	ANET	C	-0.18%
	KLAC	D	-0.17%
	CMG	B	-0.16%
	CDNS	B	-0.16%
	SNPS	B	-0.16%
	MCO	B	-0.15%
	CRWD	B	-0.15%
	APP	B	-0.13%
	ADSK	A	-0.13%
	SPOT	B	-0.13%
	WDAY	B	-0.12%
	TTD	B	-0.11%
	ABNB	C	-0.11%
	VST	B	-0.1%
	VRT	B	-0.09%
	FLUT	A	-0.09%
	TEAM	A	-0.08%
	DDOG	A	-0.08%
	IT	C	-0.08%
	SNOW	C	-0.08%
	VRSK	A	-0.08%
	TRGP	B	-0.08%
	COR	B	-0.08%
	AXON	A	-0.08%
	ODFL	B	-0.08%
	HUBS	A	-0.07%
	VEEV	C	-0.07%
	IDXX	F	-0.07%
	LULU	C	-0.07%
	MPWR	F	-0.06%
	DXCM	D	-0.06%
	DECK	A	-0.06%
	TSCO	D	-0.06%
	ARES	A	-0.06%
	TPL	A	-0.06%
	LPLA	A	-0.05%
	GDDY	A	-0.05%
	RBLX	C	-0.05%
	NET	B	-0.05%
	CPNG	D	-0.05%
	CPAY	A	-0.05%
	LYV	A	-0.04%
	STX	D	-0.04%
	DKNG	B	-0.04%
	ZS	C	-0.04%
	LII	A	-0.04%
	BAH	F	-0.04%
	MDB	C	-0.04%
	CLX	B	-0.04%
	EXPE	B	-0.04%
	ROL	B	-0.03%
	ENTG	D	-0.03%
	HEI	B	-0.03%
	PINS	D	-0.03%
	LVS	C	-0.03%
	ENPH	F	-0.02%
	SCCO	F	-0.02%
	SMCI	F	-0.02%
	IOT	A	-0.02%
	SNAP	C	-0.02%
	OWL	A	-0.02%
	HEI	B	-0.02%
	ERIE	D	-0.02%
	WMG	C	-0.01%
	EDR	A	-0.01%
	BSY	D	-0.01%

IWD: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Software - Application Utilities - Regulated Electric Oil & Gas E&P Semiconductors Asset Management Diagnostics & Research Biotechnology Business Services Specialty Retail Capital Markets Packaged Foods Specialty Chemicals Information Technology Services Insurance - Property & Casualty Packaging & Containers Aerospace & Defense Software - Infrastructure REIT - Residential

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

ONOF: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Dow Jones Component Insurance Electricity Electronics Aerospace Semiconductor Telecommunications Medicine Bank Cloud Computing Banking Chemical IBD 50 Mining Mobile Devices Real Estate Investment Trust