IWD vs. USNZ ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ)

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

$188.52

Average Daily Volume

1,608,024

Number of Holdings ^*

863

* may have additional holdings in another (foreign) market

USNZ

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

USNZ Description

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF is an exchange traded fund launched and managed by DBX Advisors LLC. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the Solactive ISS ESG United States Net Zero Pathway Enhanced Index, by using full replication technique. The fund does not invest in companies operating across controversial weapons, exhibit poor overall ESG performance, fossil fuels, oil sands, hydraulic fracturing and shale oil/gas, artic or deep water drilling, tobacco, weapons and firearms, alcohol, gambling, adult entertainment or recreational cannabis. Xtrackers Net Zero Pathway Paris Aligned US Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$37.05

Average Daily Volume

7,345

Number of Holdings ^*

328

* may have additional holdings in another (foreign) market

Performance

Period	IWD	USNZ
30 Days	3.42%	1.81%
60 Days	5.20%	3.95%
90 Days	8.20%	4.15%
12 Months	22.86%	33.19%

261 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in USNZ	Overlap
	A	C	0.16%	0.1%	0.1%
	ABBV	C	0.79%	0.86%	0.79%
	ABT	C	0.82%	0.55%	0.55%
	ACGL	C	0.16%	0.09%	0.09%
	ACN	C	0.89%	0.5%	0.5%
	ADI	C	0.45%	0.33%	0.33%
	ADM	D	0.12%	0.0%	0.0%
	ADP	B	0.03%	0.25%	0.03%
	AFL	C	0.25%	0.12%	0.12%
	AIG	D	0.2%	0.09%	0.09%
	AJG	D	0.24%	0.14%	0.14%
	AKAM	D	0.06%	0.03%	0.03%
	ALGN	D	0.03%	0.13%	0.03%
	ALL	B	0.17%	0.07%	0.07%
	ALNY	C	0.02%	0.18%	0.02%
	AMAT	D	0.05%	0.39%	0.05%
	AMD	D	0.34%	0.59%	0.34%
	AMGN	B	0.16%	0.49%	0.16%
	AMP	A	0.02%	0.08%	0.02%
	AON	B	0.28%	0.15%	0.15%
	APO	C	0.06%	0.1%	0.06%
	APTV	D	0.08%	0.12%	0.08%
	ARE	C	0.09%	0.16%	0.09%
	AVB	B	0.13%	0.19%	0.13%
	AVTR	B	0.07%	0.16%	0.07%
	AWK	B	0.12%	0.57%	0.12%
	AXP	B	0.37%	0.32%	0.32%
	AZO	D	0.02%	0.23%	0.02%
	BAC	D	1.06%	0.56%	0.56%
	BALL	C	0.08%	0.13%	0.08%
	BAX	C	0.08%	0.16%	0.08%
	BBY	C	0.09%	0.09%	0.09%
	BDX	D	0.27%	0.26%	0.26%
	BIIB	F	0.12%	0.16%	0.12%
	BK	B	0.21%	0.12%	0.12%
	BKNG	C	0.03%	0.29%	0.03%
	BLK	B	0.53%	0.29%	0.29%
	BMRN	F	0.06%	0.15%	0.06%
	BMY	C	0.4%	0.34%	0.34%
	BR	D	0.01%	0.05%	0.01%
	BSX	B	0.5%	0.38%	0.38%
	C	C	0.45%	0.23%	0.23%
	CAG	C	0.06%	0.11%	0.06%
	CAH	C	0.05%	0.1%	0.05%
	CARR	B	0.26%	0.13%	0.13%
	CB	B	0.47%	0.25%	0.25%
	CBOE	C	0.09%	0.06%	0.06%
	CBRE	A	0.15%	0.06%	0.06%
	CCI	C	0.21%	0.25%	0.21%
	CDW	D	0.06%	0.06%	0.06%
	CFG	C	0.07%	0.02%	0.02%
	CHD	D	0.1%	0.16%	0.1%
	CHTR	D	0.13%	0.07%	0.07%
	CI	C	0.37%	0.2%	0.2%
	CINF	B	0.08%	0.04%	0.04%
	CL	D	0.16%	0.27%	0.16%
	CMCSA	D	0.62%	0.33%	0.33%
	CME	C	0.32%	0.18%	0.18%
	CNC	D	0.16%	0.09%	0.09%
	COF	B	0.21%	0.09%	0.09%
	COIN	F	0.02%	0.07%	0.02%
	CPB	C	0.04%	0.12%	0.04%
	CPRT	D	0.01%	0.19%	0.01%
	CRM	D	0.15%	0.51%	0.15%
	CSCO	C	0.82%	0.53%	0.53%
	CSGP	D	0.13%	0.07%	0.07%
	CTAS	B	0.01%	0.17%	0.01%
	CTSH	C	0.16%	0.08%	0.08%
	CTVA	B	0.16%	0.19%	0.16%
	CVS	D	0.3%	0.26%	0.26%
	DAL	C	0.12%	0.12%	0.12%
	DASH	C	0.02%	0.22%	0.02%
	DE	B	0.41%	0.29%	0.29%
	DFS	B	0.13%	0.07%	0.07%
	DGX	B	0.07%	0.04%	0.04%
	DHI	B	0.23%	0.23%	0.23%
	DHR	B	0.74%	0.5%	0.5%
	DIS	D	0.67%	0.35%	0.35%
	DLR	B	0.21%	0.22%	0.21%
	DOC	C	0.07%	0.16%	0.07%
	DOV	B	0.1%	0.13%	0.1%
	DOX	C	0.04%	0.02%	0.02%
	DPZ	F	0.04%	0.03%	0.03%
	EA	D	0.16%	0.07%	0.07%
	EBAY	B	0.13%	0.2%	0.13%
	ECL	B	0.03%	0.24%	0.03%
	EFX	B	0.12%	0.09%	0.09%
	EG	C	0.06%	0.02%	0.02%
	EIX	C	0.13%	0.6%	0.13%
	EL	F	0.05%	0.13%	0.05%
	ELV	C	0.44%	0.27%	0.27%
	EQIX	C	0.32%	0.3%	0.3%
	EQR	B	0.12%	0.18%	0.12%
	ESS	B	0.08%	0.16%	0.08%
	EW	F	0.13%	0.17%	0.13%
	EXPD	C	0.06%	0.12%	0.06%
	EXR	B	0.15%	0.21%	0.15%
	F	F	0.17%	0.09%	0.09%
	FAST	C	0.03%	0.21%	0.03%
	FDX	C	0.26%	0.22%	0.22%
	FICO	B	0.03%	0.1%	0.03%
	FIS	B	0.19%	0.1%	0.1%
	FITB	B	0.12%	0.06%	0.06%
	FNF	B	0.06%	0.02%	0.02%
	FOX	B	0.02%	0.01%	0.01%
	FOXA	B	0.04%	0.02%	0.02%
	FTNT	C	0.04%	0.1%	0.04%
	GEHC	C	0.14%	0.2%	0.14%
	GFS	F	0.02%	0.06%	0.02%
	GILD	B	0.42%	0.36%	0.36%
	GIS	B	0.17%	0.19%	0.17%
	GLW	C	0.13%	0.15%	0.13%
	GM	C	0.21%	0.13%	0.13%
	GPC	D	0.08%	0.14%	0.08%
	GPN	D	0.11%	0.07%	0.07%
	GRMN	D	0.11%	0.17%	0.11%
	GS	C	0.45%	0.33%	0.33%
	GWW	B	0.02%	0.17%	0.02%
	HBAN	B	0.08%	0.05%	0.05%
	HCA	B	0.23%	0.16%	0.16%
	HD	B	0.31%	0.85%	0.31%
	HIG	B	0.14%	0.06%	0.06%
	HOLX	B	0.08%	0.15%	0.08%
	HPQ	D	0.1%	0.12%	0.1%
	HRL	C	0.04%	0.09%	0.04%
	HSY	C	0.1%	0.17%	0.1%
	HUM	F	0.16%	0.09%	0.09%
	IBKR	B	0.05%	0.04%	0.04%
	ICE	C	0.37%	0.21%	0.21%
	IFF	B	0.11%	0.15%	0.11%
	ILMN	C	0.08%	0.17%	0.08%
	INCY	C	0.04%	0.14%	0.04%
	INTC	F	0.34%	0.23%	0.23%
	INVH	C	0.09%	0.16%	0.09%
	IP	B	0.07%	0.05%	0.05%
	IQV	C	0.15%	0.09%	0.09%
	IRM	C	0.06%	0.21%	0.06%
	JBHT	D	0.06%	0.13%	0.06%
	JCI	B	0.2%	0.11%	0.11%
	JNJ	C	1.62%	0.96%	0.96%
	JPM	D	2.37%	1.27%	1.27%
	K	B	0.09%	0.18%	0.09%
	KDP	B	0.16%	0.2%	0.16%
	KEY	B	0.06%	0.02%	0.02%
	KEYS	C	0.11%	0.16%	0.11%
	KHC	C	0.13%	0.15%	0.13%
	KKR	B	0.24%	0.18%	0.18%
	KMB	D	0.12%	0.2%	0.12%
	KO	C	0.48%	0.7%	0.48%
	LEN	B	0.18%	0.05%	0.05%
	LEN	B	0.01%	0.21%	0.01%
	LEN	B	0.18%	0.21%	0.18%
	LEN	B	0.01%	0.05%	0.01%
	LOW	B	0.59%	0.37%	0.37%
	LUV	C	0.07%	0.1%	0.07%
	MAA	B	0.08%	0.17%	0.08%
	MAS	B	0.07%	0.12%	0.07%
	MCD	B	0.81%	0.45%	0.45%
	MCHP	F	0.17%	0.16%	0.16%
	MCK	F	0.16%	0.21%	0.16%
	MDLZ	B	0.41%	0.32%	0.32%
	MDT	C	0.48%	0.37%	0.37%
	MET	B	0.18%	0.07%	0.07%
	MKC	C	0.09%	0.17%	0.09%
	MKL	C	0.06%	0.04%	0.04%
	MLM	D	0.12%	0.15%	0.12%
	MMC	C	0.4%	0.25%	0.25%
	MRNA	F	0.09%	0.11%	0.09%
	MRVL	C	0.24%	0.21%	0.21%
	MS	D	0.43%	0.27%	0.27%
	MSCI	C	0.07%	0.09%	0.07%
	MSI	B	0.15%	0.27%	0.15%
	MTB	B	0.11%	0.05%	0.05%
	MTD	D	0.12%	0.17%	0.12%
	MU	F	0.41%	0.27%	0.27%
	NDAQ	A	0.12%	0.07%	0.07%
	NKE	D	0.15%	0.32%	0.15%
	NTAP	D	0.05%	0.14%	0.05%
	NTRS	A	0.07%	0.05%	0.05%
	NUE	F	0.14%	0.08%	0.08%
	NVR	B	0.11%	0.17%	0.11%
	O	C	0.22%	0.24%	0.22%
	OKTA	F	0.03%	0.03%	0.03%
	OMC	B	0.08%	0.04%	0.04%
	ON	D	0.12%	0.15%	0.12%
	ORLY	C	0.02%	0.26%	0.02%
	OTIS	C	0.15%	0.17%	0.15%
	PAYX	C	0.11%	0.09%	0.09%
	PCAR	D	0.2%	0.11%	0.11%
	PEP	C	0.21%	0.63%	0.21%
	PFE	C	0.67%	0.46%	0.46%
	PFG	B	0.08%	0.03%	0.03%
	PG	C	1.29%	0.96%	0.96%
	PGR	B	0.1%	0.3%	0.1%
	PHM	B	0.12%	0.17%	0.12%
	PKG	B	0.08%	0.15%	0.08%
	PLD	C	0.49%	0.38%	0.38%
	PNC	B	0.29%	0.15%	0.15%
	PPG	D	0.12%	0.15%	0.12%
	PRU	C	0.17%	0.07%	0.07%
	PSA	B	0.19%	0.26%	0.19%
	PYPL	B	0.3%	0.16%	0.16%
	QCOM	D	0.05%	0.47%	0.05%
	REGN	C	0.45%	0.38%	0.38%
	RF	B	0.08%	0.02%	0.02%
	RJF	C	0.09%	0.05%	0.05%
	RKT	C	0.01%	0.02%	0.01%
	RMD	C	0.11%	0.22%	0.11%
	RPRX	C	0.04%	0.14%	0.04%
	SBAC	C	0.11%	0.19%	0.11%
	SCHW	D	0.34%	0.2%	0.2%
	SHW	B	0.03%	0.31%	0.03%
	SNA	C	0.06%	0.13%	0.06%
	SPG	B	0.16%	0.23%	0.16%
	SPGI	B	0.66%	0.36%	0.36%
	SQ	D	0.08%	0.08%	0.08%
	SSNC	B	0.07%	0.03%	0.03%
	STE	C	0.1%	0.17%	0.1%
	STT	A	0.1%	0.06%	0.06%
	SWKS	D	0.07%	0.11%	0.07%
	SYF	C	0.08%	0.05%	0.05%
	SYK	C	0.38%	0.36%	0.36%
	SYY	D	0.06%	0.19%	0.06%
	T	C	0.63%	0.33%	0.33%
	TER	D	0.01%	0.11%	0.01%
	TFC	C	0.23%	0.11%	0.11%
	TGT	C	0.28%	0.21%	0.21%
	TMO	B	0.95%	0.63%	0.63%
	TMUS	C	0.4%	0.21%	0.21%
	TROW	D	0.09%	0.06%	0.06%
	TRU	B	0.07%	0.05%	0.05%
	TRV	C	0.22%	0.1%	0.1%
	TSN	C	0.07%	0.0%	0.0%
	TT	B	0.22%	0.0%	0.0%
	TTWO	C	0.1%	0.05%	0.05%
	TXN	C	0.65%	0.47%	0.47%
	UAL	C	0.07%	0.09%	0.07%
	ULTA	D	0.01%	0.14%	0.01%
	UNH	C	2.06%	1.15%	1.15%
	UPS	D	0.38%	0.29%	0.29%
	USB	B	0.28%	0.13%	0.13%
	VICI	C	0.14%	0.21%	0.14%
	VRSN	D	0.06%	0.03%	0.03%
	VRTX	D	0.25%	0.37%	0.25%
	VTR	C	0.11%	0.2%	0.11%
	VZ	B	0.76%	0.39%	0.39%
	WAB	B	0.12%	0.11%	0.11%
	WAT	C	0.03%	0.16%	0.03%
	WBD	D	0.08%	0.04%	0.04%
	WDC	D	0.09%	0.09%	0.09%
	WELL	C	0.31%	0.31%	0.31%
	WFC	D	0.75%	0.38%	0.38%
	WRB	C	0.07%	0.03%	0.03%
	WST	D	0.03%	0.15%	0.03%
	WTW	C	0.12%	0.07%	0.07%
	WY	C	0.1%	0.16%	0.1%
	YUM	D	0.09%	0.05%	0.05%
	ZBH	F	0.09%	0.15%	0.09%
	ZBRA	B	0.05%	0.14%	0.05%
	ZM	C	0.07%	0.04%	0.04%
	ZTS	C	0.06%	0.31%	0.06%

IWD Overweight 604 Positions Relative to USNZ

	Symbol	Grade	Weight
	BRK.A	C	3.32%
	XOM	C	2.02%
	WMT	C	1.42%
	CVX	D	0.98%
	LIN	B	0.91%
	IBM	B	0.8%
	PM	C	0.79%
	NEE	C	0.7%
	RTX	C	0.64%
	GE	B	0.62%
	CAT	B	0.59%
	COP	D	0.49%
	ETN	C	0.49%
	HON	D	0.46%
	SO	B	0.4%
	DUK	C	0.37%
	MO	C	0.37%
	GD	B	0.34%
	LMT	C	0.33%
	UNP	C	0.32%
	PH	B	0.31%
	BA	F	0.31%
	NOC	B	0.29%
	EOG	D	0.28%
	FI	A	0.28%
	CSX	D	0.27%
	APD	B	0.26%
	FCX	D	0.25%
	GEV	B	0.25%
	NEM	B	0.25%
	EMR	D	0.24%
	ROP	C	0.24%
	TDG	B	0.24%
	MMM	B	0.24%
	CRH	B	0.24%
	SLB	F	0.23%
	MPC	F	0.23%
	OKE	B	0.22%
	PSX	F	0.22%
	MAR	C	0.22%
	WMB	B	0.22%
	AEP	C	0.22%
	TJX	B	0.22%
	NSC	C	0.22%
	CEG	C	0.21%
	SRE	C	0.21%
	D	C	0.2%
	ITW	C	0.19%
	LHX	C	0.18%
	VLO	F	0.18%
	KVUE	C	0.18%
	KMI	B	0.17%
	CMI	C	0.17%
	PEG	B	0.17%
	RSG	D	0.17%
	PCG	C	0.17%
	AME	C	0.16%
	ROST	C	0.16%
	STZ	D	0.16%
	EXC	C	0.16%
	ED	C	0.15%
	HWM	B	0.15%
	FERG	D	0.15%
	IR	C	0.15%
	URI	B	0.15%
	KR	C	0.15%
	DD	B	0.14%
	OXY	F	0.14%
	DOW	D	0.14%
	XEL	B	0.14%
	APH	D	0.13%
	XYL	C	0.13%
	BKR	C	0.13%
	WEC	C	0.12%
	FANG	D	0.12%
	HLT	B	0.11%
	RCL	B	0.11%
	DTE	C	0.11%
	ETR	B	0.11%
	PWR	B	0.11%
	ROK	D	0.11%
	ANSS	D	0.11%
	DELL	D	0.1%
	ES	C	0.1%
	PPL	C	0.1%
	LYB	D	0.1%
	FSLR	C	0.1%
	HAL	F	0.1%
	DVN	F	0.1%
	SBUX	C	0.1%
	FE	C	0.1%
	FTV	C	0.1%
	COO	B	0.09%
	HUBB	B	0.09%
	FCNCA	D	0.09%
	HPE	D	0.09%
	AEE	C	0.09%
	VMC	D	0.09%
	LH	C	0.08%
	DG	F	0.08%
	BLDR	C	0.08%
	TDY	B	0.08%
	LNG	C	0.08%
	ATO	B	0.08%
	MSTR	D	0.08%
	CMS	C	0.08%
	LDOS	B	0.08%
	WSO	C	0.07%
	TXT	D	0.07%
	STLD	F	0.07%
	CTRA	D	0.07%
	CSL	B	0.07%
	CCL	C	0.07%
	CNP	C	0.07%
	J	C	0.07%
	SUI	B	0.07%
	EQT	D	0.07%
	USFD	B	0.06%
	WPC	C	0.06%
	BG	D	0.06%
	REG	C	0.06%
	TRMB	C	0.06%
	VTRS	D	0.06%
	AMH	C	0.06%
	GGG	C	0.06%
	BRO	C	0.06%
	ELS	C	0.06%
	RGA	C	0.06%
	OC	D	0.06%
	NDSN	C	0.06%
	DLTR	F	0.06%
	L	C	0.06%
	HOOD	C	0.06%
	UTHR	C	0.06%
	GEN	B	0.06%
	CF	C	0.06%
	VLTO	C	0.06%
	RVTY	B	0.06%
	MRO	C	0.06%
	PNR	B	0.06%
	IEX	D	0.06%
	LNT	B	0.06%
	NI	B	0.06%
	UDR	C	0.06%
	TOL	B	0.06%
	SWK	B	0.06%
	THC	A	0.06%
	AMCR	B	0.06%
	KIM	C	0.06%
	RS	D	0.06%
	EME	B	0.05%
	BLD	D	0.05%
	DKS	D	0.05%
	SCI	B	0.05%
	JBL	D	0.05%
	KMX	D	0.05%
	SW	B	0.05%
	CHRW	B	0.05%
	TECH	C	0.05%
	IPG	C	0.05%
	TFX	C	0.05%
	CASY	D	0.05%
	CW	B	0.05%
	RPM	B	0.05%
	EMN	B	0.05%
	CUBE	B	0.05%
	HST	C	0.05%
	FFIV	B	0.05%
	ALLE	B	0.05%
	JNPR	B	0.05%
	SJM	C	0.05%
	BXP	B	0.05%
	CLH	A	0.05%
	HES	F	0.05%
	JKHY	B	0.05%
	CPT	B	0.05%
	AES	C	0.05%
	ACM	B	0.05%
	GLPI	C	0.05%
	UHS	B	0.05%
	RNR	C	0.05%
	EVRG	B	0.05%
	FHN	D	0.04%
	NYT	C	0.04%
	APA	F	0.04%
	TTC	D	0.04%
	CG	D	0.04%
	WAL	B	0.04%
	PRI	B	0.04%
	ORI	B	0.04%
	NNN	C	0.04%
	INGR	B	0.04%
	FYBR	C	0.04%
	MGM	F	0.04%
	EGP	B	0.04%
	HSIC	C	0.04%
	DRI	B	0.04%
	CNH	D	0.04%
	GPK	B	0.04%
	EHC	C	0.04%
	MTCH	C	0.04%
	Z	B	0.04%
	RGLD	C	0.04%
	MKTX	C	0.04%
	CHK	D	0.04%
	AOS	D	0.04%
	TAP	D	0.04%
	PFGC	B	0.04%
	AFG	B	0.04%
	UNM	B	0.04%
	FRT	C	0.04%
	TTEK	C	0.04%
	SOLV	C	0.04%
	CVNA	B	0.04%
	GL	C	0.04%
	WWD	D	0.04%
	NWSA	D	0.04%
	WTRG	D	0.04%
	TPR	C	0.04%
	FWONK	C	0.04%
	AIZ	B	0.04%
	ARMK	B	0.04%
	OHI	B	0.04%
	ATR	B	0.04%
	AFRM	C	0.04%
	CRL	F	0.04%
	CE	F	0.04%
	NLY	B	0.04%
	HII	D	0.04%
	NRG	C	0.04%
	ALB	D	0.04%
	NTNX	C	0.04%
	RRX	C	0.04%
	PNW	C	0.04%
	FTI	D	0.04%
	OVV	F	0.04%
	COHR	C	0.04%
	FBIN	B	0.04%
	QRVO	F	0.04%
	CACI	B	0.04%
	EPAM	F	0.04%
	CCK	A	0.04%
	BJ	D	0.04%
	CTLT	B	0.04%
	NVT	D	0.04%
	REXR	C	0.04%
	LKQ	F	0.04%
	FDS	C	0.04%
	AVY	C	0.04%
	EWBC	D	0.04%
	RIVN	F	0.04%
	ITT	B	0.04%
	NOV	F	0.03%
	PARA	F	0.03%
	LW	D	0.03%
	CROX	D	0.03%
	CGNX	F	0.03%
	BIO	C	0.03%
	STWD	B	0.03%
	BPOP	C	0.03%
	CART	A	0.03%
	VNO	B	0.03%
	RHI	D	0.03%
	LSTR	D	0.03%
	AAL	D	0.03%
	MAT	C	0.03%
	MSA	D	0.03%
	VFC	C	0.03%
	CFR	C	0.03%
	OSK	F	0.03%
	PB	B	0.03%
	SNV	C	0.03%
	FAF	B	0.03%
	WBA	F	0.03%
	PR	F	0.03%
	RGEN	F	0.03%
	ARW	C	0.03%
	JAZZ	D	0.03%
	ZION	D	0.03%
	SEIC	C	0.03%
	GNTX	F	0.03%
	MTG	B	0.03%
	SOFI	C	0.03%
	WTFC	B	0.03%
	SWN	D	0.03%
	RL	C	0.03%
	RRC	D	0.03%
	BFAM	C	0.03%
	G	C	0.03%
	SSD	D	0.03%
	WCC	D	0.03%
	SAIC	C	0.03%
	KEX	C	0.03%
	MTZ	B	0.03%
	MIDD	D	0.03%
	LECO	F	0.03%
	ACHC	C	0.03%
	MKSI	F	0.03%
	HR	C	0.03%
	BWXT	D	0.03%
	CRUS	D	0.03%
	HRB	C	0.03%
	ELAN	D	0.03%
	EXAS	C	0.03%
	STAG	C	0.03%
	AGNC	B	0.03%
	ONTO	D	0.03%
	PNFP	B	0.03%
	HLI	B	0.03%
	DINO	F	0.03%
	BWA	D	0.03%
	WYNN	D	0.03%
	FR	B	0.03%
	DTM	B	0.03%
	CR	C	0.03%
	CBSH	C	0.03%
	WSM	D	0.03%
	WEX	C	0.03%
	LAD	D	0.03%
	FND	C	0.03%
	ADC	C	0.03%
	BRBR	C	0.03%
	ATI	C	0.03%
	KBR	D	0.03%
	COKE	C	0.03%
	GWRE	A	0.03%
	CMA	B	0.03%
	CHE	C	0.03%
	AXTA	B	0.03%
	BERY	B	0.03%
	MOH	D	0.03%
	JEF	B	0.03%
	VOYA	B	0.03%
	MNST	D	0.03%
	WBS	D	0.03%
	ALSN	B	0.03%
	AR	F	0.03%
	FCN	D	0.03%
	GMED	D	0.03%
	ALLY	F	0.03%
	DAY	D	0.03%
	APG	D	0.03%
	TKO	B	0.03%
	ACI	F	0.03%
	FMC	C	0.03%
	ROKU	C	0.03%
	AYI	B	0.03%
	PTC	D	0.03%
	X	F	0.03%
	CIEN	C	0.03%
	AA	D	0.03%
	RBC	C	0.03%
	OGE	C	0.03%
	SKX	D	0.03%
	COLD	D	0.03%
	KNX	C	0.03%
	CHRD	F	0.03%
	TW	B	0.03%
	CZR	C	0.03%
	MHK	C	0.03%
	TWLO	D	0.03%
	JLL	B	0.03%
	BRX	B	0.03%
	MOS	F	0.03%
	LAMR	B	0.03%
	DCI	C	0.03%
	EVR	A	0.03%
	SNX	D	0.03%
	SF	A	0.03%
	LITE	B	0.02%
	COTY	F	0.02%
	CLF	F	0.02%
	PRGO	D	0.02%
	MPW	C	0.02%
	NEU	D	0.02%
	CIVI	F	0.02%
	DXC	C	0.02%
	RH	B	0.02%
	IAC	C	0.02%
	UHAL	A	0.02%
	SITE	C	0.02%
	BILL	D	0.02%
	M	F	0.02%
	ROIV	C	0.02%
	DLB	D	0.02%
	BYD	C	0.02%
	GNRC	D	0.02%
	DBX	D	0.02%
	GAP	F	0.02%
	KRC	B	0.02%
	AN	D	0.02%
	ASH	D	0.02%
	CPRI	D	0.02%
	FLO	C	0.02%
	DOCS	B	0.02%
	EEFT	D	0.02%
	AGO	C	0.02%
	S	C	0.02%
	W	D	0.02%
	WTM	D	0.02%
	OZK	D	0.02%
	PII	D	0.02%
	SLGN	B	0.02%
	FRPT	B	0.02%
	CUZ	B	0.02%
	PSN	B	0.02%
	AVT	C	0.02%
	AL	D	0.02%
	HOG	C	0.02%
	SLM	D	0.02%
	WLK	D	0.02%
	RYN	C	0.02%
	SAIA	D	0.02%
	JHG	B	0.02%
	OLED	C	0.02%
	CCCS	D	0.02%
	LNC	D	0.02%
	HXL	F	0.02%
	UGI	C	0.02%
	FNB	C	0.02%
	LBRDK	F	0.02%
	WSC	D	0.02%
	VNT	F	0.02%
	OLN	D	0.02%
	ST	D	0.02%
	COLB	B	0.02%
	THO	D	0.02%
	KD	D	0.02%
	WHR	D	0.02%
	ALK	C	0.02%
	IDA	C	0.02%
	OGN	D	0.02%
	OMF	D	0.02%
	THG	B	0.02%
	TKR	D	0.02%
	MTDR	F	0.02%
	PVH	F	0.02%
	BC	C	0.02%
	XRAY	D	0.02%
	H	C	0.02%
	VMI	D	0.02%
	SN	B	0.02%
	NFG	B	0.02%
	SON	C	0.02%
	AMG	C	0.02%
	GME	F	0.02%
	MDU	C	0.02%
	DAR	F	0.02%
	ESAB	C	0.02%
	WH	B	0.02%
	MTSI	D	0.02%
	AGCO	D	0.02%
	SRCL	A	0.02%
	POST	C	0.02%
	ESI	D	0.02%
	BEN	F	0.02%
	RITM	B	0.02%
	IVZ	B	0.02%
	LEA	F	0.02%
	R	A	0.02%
	GXO	D	0.02%
	OLLI	C	0.02%
	RLI	B	0.02%
	AZPN	B	0.02%
	WMS	D	0.02%
	LFUS	C	0.02%
	BBWI	F	0.02%
	FLS	D	0.02%
	AXS	B	0.02%
	SIRI	C	0.02%
	EXEL	C	0.01%
	LYFT	D	0.01%
	SNDR	B	0.01%
	CERT	F	0.01%
	TRIP	F	0.01%
	PPC	D	0.01%
	WEN	C	0.01%
	UAA	C	0.01%
	UA	D	0.01%
	INFA	D	0.01%
	ALGM	F	0.01%
	GO	F	0.01%
	FTRE	D	0.01%
	AS	C	0.01%
	MP	D	0.01%
	PSTG	F	0.01%
	BIRK	F	0.01%
	LEG	D	0.01%
	AZEK	C	0.01%
	BROS	D	0.01%
	LPX	B	0.01%
	IPGP	F	0.01%
	HAYW	C	0.01%
	SAM	F	0.01%
	REYN	C	0.01%
	VSTS	D	0.01%
	ADT	C	0.01%
	LLYVK	B	0.01%
	GLOB	D	0.01%
	KSS	F	0.01%
	QS	F	0.01%
	JWN	C	0.01%
	EXP	B	0.01%
	ETSY	F	0.01%
	MASI	F	0.01%
	CNM	F	0.01%
	YETI	D	0.01%
	BOKF	B	0.01%
	HHH	C	0.01%
	CWEN	C	0.01%
	RCM	C	0.01%
	AAP	F	0.01%
	CC	F	0.01%
	WU	F	0.01%
	ENOV	D	0.01%
	BRKR	D	0.01%
	SHC	C	0.01%
	AGR	B	0.01%
	CRI	D	0.01%
	VAC	F	0.01%
	SEE	D	0.01%
	BHF	F	0.01%
	PINC	C	0.01%
	AZTA	F	0.01%
	QDEL	D	0.01%
	CLVT	D	0.01%
	ZG	B	0.01%
	SPB	C	0.01%
	COLM	C	0.01%
	VNOM	C	0.01%
	PAG	D	0.01%
	LOPE	D	0.01%
	CXT	D	0.01%
	TNL	D	0.01%
	PK	D	0.01%
	VIRT	C	0.01%
	IRDM	D	0.01%
	SMG	C	0.01%
	FHB	D	0.01%
	AM	C	0.01%
	AMED	C	0.01%
	NWS	D	0.01%
	NXST	D	0.01%
	PAYC	D	0.01%
	PENN	D	0.01%
	CNXC	F	0.01%
	PLNT	B	0.01%
	U	D	0.01%
	NWL	C	0.01%
	ZI	D	0.01%
	LBTYA	B	0.01%
	SPR	D	0.01%
	NSA	B	0.01%
	MAN	C	0.01%
	HIW	B	0.01%
	NVST	D	0.01%
	AMKR	F	0.01%
	LCID	C	0.01%
	GTES	C	0.01%
	MSGS	B	0.01%
	LBTYK	B	0.01%
	DNB	C	0.01%
	TPG	B	0.01%
	HUN	D	0.01%
	KMPR	D	0.01%
	EPR	B	0.01%
	MSM	D	0.01%
	AWI	B	0.01%
	TYL	C	0.01%
	SEG	C	0.0%
	LOAR	C	0.0%
	PARAA	D	0.0%
	UWMC	D	0.0%
	LAZ	B	0.0%
	NFE	F	0.0%
	GRAL	F	0.0%
	DJT	F	0.0%
	UHAL	A	0.0%
	IONS	F	0.0%
	UI	B	0.0%
	PLTK	C	0.0%
	CHH	C	0.0%
	CACC	F	0.0%
	PATH	D	0.0%
	HCP	B	0.0%
	TFSL	C	0.0%
	TXG	D	0.0%
	CAR	F	0.0%
	LSCC	D	0.0%
	SEB	D	0.0%
	LBRDA	F	0.0%
	LLYVA	B	0.0%
	PYCR	D	0.0%
	ALAB	D	0.0%
	NCNO	D	0.0%
	CWEN	C	0.0%
	FWONA	C	0.0%
	FIVE	D	0.0%
	DDS	F	0.0%
	WOLF	F	0.0%
	MTN	D	0.0%
	DV	F	0.0%
	CNA	C	0.0%
	HAS	B	0.0%

IWD Underweight 69 Positions Relative to USNZ

	Symbol	Grade	Weight
	AAPL	C	-8.74%
	MSFT	C	-8.48%
	NVDA	D	-6.49%
	META	B	-3.02%
	GOOGL	D	-1.93%
	LLY	C	-1.8%
	GOOG	D	-1.73%
	AVGO	C	-1.68%
	V	C	-0.97%
	MA	B	-0.88%
	MRK	D	-0.72%
	NFLX	B	-0.62%
	ADBE	F	-0.55%
	ORCL	C	-0.54%
	ISRG	B	-0.49%
	UBER	C	-0.39%
	INTU	C	-0.38%
	NOW	B	-0.38%
	AMT	C	-0.37%
	MELI	B	-0.35%
	KLAC	D	-0.29%
	ANET	B	-0.28%
	LRCX	F	-0.28%
	WM	D	-0.27%
	PANW	D	-0.24%
	IDXX	C	-0.2%
	TEL	D	-0.19%
	ODFL	D	-0.19%
	MPWR	C	-0.19%
	USCA	A	-0.18%
	CMG	C	-0.17%
	CLX	C	-0.17%
	MCO	B	-0.17%
	CDNS	D	-0.16%
	SNPS	D	-0.16%
	LULU	D	-0.16%
	PABU	B	-0.14%
	CRWD	D	-0.13%
	DXCM	F	-0.13%
	ENPH	D	-0.13%
	STX	C	-0.12%
	ADSK	C	-0.12%
	TSCO	C	-0.12%
	SPOT	B	-0.11%
	SCCO	D	-0.11%
	WDAY	D	-0.11%
	ABNB	D	-0.11%
	SMCI	F	-0.1%
	ARM	D	-0.1%
	TTD	B	-0.1%
	IT	B	-0.08%
	VRSK	D	-0.08%
	ARES	B	-0.07%
	VEEV	C	-0.07%
	SNOW	F	-0.07%
	CPAY	B	-0.06%
	TEAM	D	-0.06%
	DDOG	D	-0.06%
	MDB	D	-0.05%
	RBLX	B	-0.05%
	NET	D	-0.05%
	HUBS	D	-0.05%
	PINS	F	-0.04%
	ROL	C	-0.04%
	EXPE	C	-0.04%
	LYV	B	-0.03%
	ZS	F	-0.03%
	SNAP	F	-0.02%
	WMG	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 Medicine Beverage Biotechnology Dow Jones Component

USNZ: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Business Services Diagnostics & Research Asset Management Banks - Regional - US Drug Manufacturers - Major Capital Markets Software - Infrastructure Specialty Retail Biotechnology Credit Services Insurance - Property & Casualty Internet Content & Information Medical Devices Medical Instruments & Supplies Packaged Foods Health Care Plans Household & Personal Products Telecom Services

Keywords: S&P 500 Nasdaq 100 Computing Insurance Dow Jones Component Bank Medicine Banking Telecommunications Semiconductor Cloud Computing IBD 50 Insurance Products Investment Bank Real Estate Investment Trust Mobile Devices Integrated Circuits Work From Home Disability Biotechnology