IWD vs. USSG ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Xtrackers MSCI USA ESG Leaders Equity ETF (USSG)

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

$193.82

Average Daily Volume

1,525,194

Number of Holdings ^*

864

* may have additional holdings in another (foreign) market

USSG

Xtrackers MSCI USA ESG Leaders Equity ETF

USSG Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI USA ESG Leaders Index (the underlying index). The fund, using a "passive" or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the underlying index, which is a capitalization weighted index that provides exposure to companies with high ESG performance relative to their sector peers. The fund uses a full replication indexing strategy to seek to track the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$55.41

Average Daily Volume

104,804

Number of Holdings ^*

288

* may have additional holdings in another (foreign) market

Performance

Period	IWD	USSG
30 Days	1.01%	3.02%
60 Days	4.67%	6.35%
90 Days	6.87%	7.94%
12 Months	28.05%	34.49%

240 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in USSG	Overlap
	A	F	0.15%	0.15%	0.15%
	ACGL	C	0.14%	0.13%	0.13%
	ACI	C	0.03%	0.02%	0.02%
	ACN	B	0.86%	0.81%	0.81%
	ADP	A	0.03%	0.45%	0.03%
	AFL	C	0.23%	0.21%	0.21%
	AIZ	A	0.04%	0.04%	0.04%
	AKAM	F	0.05%	0.06%	0.05%
	ALGN	D	0.03%	0.06%	0.03%
	ALL	B	0.17%	0.18%	0.17%
	ALLE	D	0.05%	0.05%	0.05%
	ALLY	C	0.03%	0.04%	0.03%
	AMAT	F	0.05%	0.57%	0.05%
	AMD	F	0.31%	0.86%	0.31%
	AMGN	F	0.15%	0.64%	0.15%
	AMP	A	0.02%	0.2%	0.02%
	ANSS	B	0.11%	0.11%	0.11%
	APD	B	0.27%	0.26%	0.26%
	APTV	F	0.06%	0.06%	0.06%
	ATO	B	0.08%	0.08%	0.08%
	AVTR	F	0.06%	0.06%	0.06%
	AVY	F	0.04%	0.06%	0.04%
	AWK	D	0.1%	0.1%	0.1%
	AXP	B	0.39%	0.58%	0.39%
	AZO	B	0.02%	0.2%	0.02%
	BALL	D	0.07%	0.07%	0.07%
	BBWI	C	0.03%	0.02%	0.02%
	BBY	C	0.07%	0.07%	0.07%
	BEN	C	0.02%	0.02%	0.02%
	BG	D	0.05%	0.04%	0.04%
	BIIB	F	0.1%	0.09%	0.09%
	BK	B	0.22%	0.21%	0.21%
	BKNG	A	0.04%	0.62%	0.04%
	BKR	B	0.16%	0.14%	0.14%
	BMY	B	0.42%	0.42%	0.42%
	BR	A	0.01%	0.09%	0.01%
	BXP	D	0.05%	0.04%	0.04%
	CAG	F	0.05%	0.05%	0.05%
	CARR	C	0.25%	0.23%	0.23%
	CAT	B	0.63%	0.69%	0.63%
	CBOE	D	0.08%	0.08%	0.08%
	CBRE	B	0.16%	0.15%	0.15%
	CCI	F	0.18%	0.17%	0.17%
	CFG	B	0.08%	0.08%	0.08%
	CHD	A	0.1%	0.09%	0.09%
	CHRW	A	0.05%	0.04%	0.04%
	CHTR	B	0.14%	0.13%	0.13%
	CI	D	0.31%	0.33%	0.31%
	CL	F	0.13%	0.27%	0.13%
	CMCSA	B	0.65%	0.63%	0.63%
	CMI	A	0.19%	0.17%	0.17%
	CMS	D	0.08%	0.08%	0.08%
	CNH	D	0.04%	0.04%	0.04%
	COF	B	0.27%	0.23%	0.23%
	CPB	F	0.03%	0.03%	0.03%
	CRM	B	0.18%	1.09%	0.18%
	CSX	B	0.27%	0.24%	0.24%
	CTAS	B	0.02%	0.28%	0.02%
	CTLT	D	0.04%	0.04%	0.04%
	DAL	A	0.15%	0.03%	0.03%
	DASH	A	0.03%	0.18%	0.03%
	DAY	B	0.04%	0.04%	0.04%
	DE	D	0.38%	0.4%	0.38%
	DFS	B	0.17%	0.14%	0.14%
	DGX	B	0.07%	0.06%	0.06%
	DHI	D	0.19%	0.19%	0.19%
	DHR	F	0.61%	0.62%	0.61%
	DINO	D	0.03%	0.02%	0.02%
	DIS	B	0.7%	0.66%	0.66%
	DKS	D	0.04%	0.04%	0.04%
	DLR	C	0.23%	0.22%	0.22%
	DOC	C	0.06%	0.06%	0.06%
	DOV	A	0.11%	0.1%	0.1%
	DPZ	C	0.04%	0.06%	0.04%
	DRI	B	0.04%	0.07%	0.04%
	EA	A	0.16%	0.15%	0.15%
	EBAY	C	0.12%	0.12%	0.12%
	ECL	C	0.03%	0.24%	0.03%
	ED	D	0.13%	0.13%	0.13%
	EIX	C	0.12%	0.12%	0.12%
	ELV	F	0.32%	0.36%	0.32%
	EME	B	0.06%	0.08%	0.06%
	EQIX	B	0.32%	0.32%	0.32%
	ES	D	0.08%	0.08%	0.08%
	ETN	B	0.56%	0.5%	0.5%
	EW	F	0.12%	0.15%	0.12%
	EXC	C	0.15%	0.14%	0.14%
	EXPD	C	0.05%	0.06%	0.05%
	FBIN	F	0.04%	0.04%	0.04%
	FDS	A	0.05%	0.06%	0.05%
	FI	A	0.32%	0.45%	0.32%
	FICO	B	0.03%	0.19%	0.03%
	FIS	B	0.19%	0.19%	0.19%
	FOX	A	0.02%	0.02%	0.02%
	FOXA	A	0.04%	0.04%	0.04%
	FSLR	F	0.08%	0.08%	0.08%
	FTV	C	0.1%	0.09%	0.09%
	GE	D	0.61%	0.71%	0.61%
	GEHC	D	0.13%	0.14%	0.13%
	GEN	B	0.06%	0.06%	0.06%
	GGG	B	0.06%	0.05%	0.05%
	GILD	B	0.46%	0.42%	0.42%
	GIS	F	0.14%	0.14%	0.14%
	GPC	D	0.07%	0.06%	0.06%
	GWW	B	0.03%	0.18%	0.03%
	HAL	C	0.1%	0.09%	0.09%
	HBAN	A	0.1%	0.08%	0.08%
	HCA	D	0.19%	0.27%	0.19%
	HD	B	0.31%	1.47%	0.31%
	HIG	C	0.13%	0.12%	0.12%
	HLT	A	0.11%	0.22%	0.11%
	HOLX	D	0.07%	0.07%	0.07%
	HPE	B	0.11%	0.1%	0.1%
	HPQ	B	0.1%	0.14%	0.1%
	HRL	F	0.03%	0.03%	0.03%
	HSIC	F	0.03%	0.03%	0.03%
	HUM	D	0.13%	0.11%	0.11%
	IBM	D	0.75%	0.71%	0.71%
	ICE	C	0.34%	0.33%	0.33%
	IEX	B	0.07%	0.06%	0.06%
	IFF	F	0.09%	0.1%	0.09%
	INTC	C	0.43%	0.36%	0.36%
	IP	B	0.08%	0.07%	0.07%
	IPG	F	0.04%	0.04%	0.04%
	IQV	F	0.13%	0.14%	0.13%
	IR	A	0.16%	0.15%	0.15%
	IRM	D	0.06%	0.14%	0.06%
	ITW	B	0.19%	0.3%	0.19%
	JBHT	C	0.06%	0.06%	0.06%
	JCI	A	0.22%	0.19%	0.19%
	JNJ	D	1.44%	1.43%	1.43%
	JNPR	D	0.05%	0.05%	0.05%
	K	A	0.08%	0.08%	0.08%
	KDP	C	0.14%	0.13%	0.13%
	KEY	B	0.07%	0.06%	0.06%
	KEYS	C	0.11%	0.1%	0.1%
	KMB	D	0.1%	0.17%	0.1%
	KMX	B	0.04%	0.04%	0.04%
	KNX	C	0.04%	0.03%	0.03%
	KO	F	0.41%	1.0%	0.41%
	KR	A	0.15%	0.14%	0.14%
	LH	B	0.08%	0.07%	0.07%
	LIN	D	0.85%	0.83%	0.83%
	LKQ	C	0.04%	0.04%	0.04%
	LNG	B	0.09%	0.16%	0.09%
	LOW	B	0.6%	0.57%	0.57%
	LW	B	0.03%	0.04%	0.03%
	LYB	F	0.09%	0.08%	0.08%
	MCD	C	0.78%	0.79%	0.78%
	MKC	D	0.07%	0.08%	0.07%
	MKTX	C	0.04%	0.04%	0.04%
	MLM	B	0.14%	0.13%	0.13%
	MMC	D	0.37%	0.41%	0.37%
	MMM	C	0.23%	0.26%	0.23%
	MOH	F	0.03%	0.07%	0.03%
	MPC	D	0.21%	0.2%	0.2%
	MRVL	B	0.28%	0.27%	0.27%
	MS	A	0.54%	0.54%	0.54%
	MTD	F	0.11%	0.11%	0.11%
	NDAQ	B	0.12%	0.12%	0.12%
	NEM	F	0.2%	0.2%	0.2%
	NI	A	0.06%	0.06%	0.06%
	NKE	F	0.13%	0.35%	0.13%
	NRG	C	0.05%	0.07%	0.05%
	NTAP	D	0.05%	0.09%	0.05%
	NTRS	A	0.08%	0.07%	0.07%
	NUE	D	0.15%	0.13%	0.13%
	NVR	D	0.1%	0.12%	0.1%
	OC	A	0.06%	0.06%	0.06%
	OKE	A	0.24%	0.21%	0.21%
	OMC	A	0.08%	0.07%	0.07%
	ORLY	A	0.02%	0.26%	0.02%
	PAYX	B	0.12%	0.17%	0.12%
	PEP	D	0.18%	0.86%	0.18%
	PFG	C	0.08%	0.07%	0.07%
	PG	C	1.18%	1.47%	1.18%
	PGR	A	0.09%	0.53%	0.09%
	PHM	D	0.11%	0.11%	0.11%
	PLD	D	0.41%	0.39%	0.39%
	PNC	B	0.31%	0.28%	0.28%
	PNR	A	0.07%	0.06%	0.06%
	PPG	F	0.11%	0.11%	0.11%
	PRU	B	0.17%	0.16%	0.16%
	PSX	C	0.2%	0.2%	0.2%
	PTC	B	0.03%	0.09%	0.03%
	PWR	B	0.13%	0.17%	0.13%
	PYPL	A	0.33%	0.29%	0.29%
	RCL	A	0.13%	0.18%	0.13%
	RF	A	0.09%	0.08%	0.08%
	RIVN	F	0.03%	0.03%	0.03%
	RJF	A	0.12%	0.11%	0.11%
	ROK	B	0.11%	0.12%	0.11%
	SBAC	D	0.09%	0.09%	0.09%
	SCHW	B	0.38%	0.4%	0.38%
	SJM	F	0.05%	0.05%	0.05%
	SLB	C	0.24%	0.22%	0.22%
	SOLV	C	0.04%	0.04%	0.04%
	SPGI	C	0.61%	0.58%	0.58%
	SRE	B	0.22%	0.19%	0.19%
	STE	D	0.08%	0.08%	0.08%
	STLD	C	0.08%	0.08%	0.08%
	STT	B	0.11%	0.1%	0.1%
	SW	B	0.1%	0.1%	0.1%
	SYF	B	0.1%	0.08%	0.08%
	TECH	D	0.05%	0.04%	0.04%
	TFC	B	0.23%	0.21%	0.21%
	TFX	F	0.04%	0.03%	0.03%
	TGT	C	0.27%	0.26%	0.26%
	TJX	A	0.21%	0.48%	0.21%
	TRMB	B	0.07%	0.06%	0.06%
	TROW	A	0.1%	0.09%	0.09%
	TRU	D	0.07%	0.07%	0.07%
	TRV	B	0.23%	0.21%	0.21%
	TT	B	0.24%	0.32%	0.24%
	TTC	F	0.03%	0.03%	0.03%
	TTWO	A	0.12%	0.1%	0.1%
	TWLO	B	0.05%	0.06%	0.05%
	TXN	B	0.68%	0.7%	0.68%
	ULTA	C	0.01%	0.07%	0.01%
	UNP	D	0.3%	0.53%	0.3%
	UPS	C	0.37%	0.36%	0.36%
	URI	B	0.17%	0.2%	0.17%
	USB	B	0.3%	0.28%	0.28%
	VLO	C	0.17%	0.16%	0.16%
	VLTO	D	0.06%	0.09%	0.06%
	VZ	D	0.66%	0.65%	0.65%
	WAT	B	0.03%	0.09%	0.03%
	WBA	D	0.03%	0.02%	0.02%
	WDC	D	0.09%	0.08%	0.08%
	WELL	B	0.32%	0.3%	0.3%
	WMB	B	0.26%	0.24%	0.24%
	WSM	F	0.03%	0.07%	0.03%
	WST	B	0.04%	0.09%	0.04%
	WTRG	C	0.04%	0.04%	0.04%
	WTW	A	0.12%	0.12%	0.12%
	WY	F	0.09%	0.08%	0.08%
	XYL	F	0.12%	0.11%	0.11%
	YUM	B	0.09%	0.14%	0.09%
	ZBH	C	0.08%	0.08%	0.08%
	ZTS	D	0.05%	0.3%	0.05%

IWD Overweight 624 Positions Relative to USSG

	Symbol	Grade	Weight
	BRK.A	B	3.26%
	JPM	A	2.61%
	XOM	B	2.09%
	UNH	B	2.03%
	WMT	A	1.42%
	BAC	A	1.18%
	CVX	A	1.04%
	WFC	A	0.94%
	CSCO	A	0.91%
	TMO	F	0.81%
	ABT	C	0.78%
	ABBV	F	0.77%
	PM	B	0.75%
	RTX	D	0.63%
	T	A	0.62%
	NEE	D	0.61%
	BLK	A	0.59%
	PFE	F	0.58%
	GS	B	0.52%
	C	B	0.51%
	BSX	A	0.5%
	COP	C	0.5%
	MU	D	0.47%
	HON	B	0.46%
	CB	C	0.44%
	TMUS	A	0.44%
	ADI	D	0.43%
	MDT	D	0.43%
	SYK	A	0.37%
	SO	D	0.37%
	MO	A	0.36%
	GEV	B	0.36%
	BA	F	0.34%
	DUK	D	0.34%
	MDLZ	F	0.34%
	PH	A	0.34%
	GD	C	0.33%
	LMT	D	0.32%
	REGN	F	0.31%
	CME	B	0.31%
	EOG	A	0.3%
	AON	B	0.29%
	EMR	A	0.28%
	NOC	D	0.28%
	KKR	B	0.28%
	CRH	B	0.27%
	CVS	F	0.27%
	FCX	F	0.26%
	VRTX	B	0.26%
	BDX	F	0.26%
	MAR	A	0.25%
	FDX	B	0.25%
	NSC	B	0.24%
	GM	B	0.24%
	CEG	D	0.24%
	TDG	D	0.23%
	PCAR	B	0.23%
	AJG	A	0.23%
	ROP	A	0.23%
	AEP	D	0.2%
	KMI	B	0.2%
	D	D	0.19%
	AIG	B	0.19%
	LHX	B	0.19%
	O	D	0.19%
	PSA	D	0.18%
	MET	C	0.18%
	SPG	A	0.17%
	F	C	0.17%
	HWM	B	0.17%
	RSG	B	0.17%
	MSI	B	0.17%
	PCG	A	0.17%
	AME	A	0.17%
	MCK	B	0.17%
	KVUE	A	0.17%
	OTIS	D	0.16%
	CTVA	C	0.16%
	LEN	D	0.16%
	PEG	C	0.16%
	MCHP	F	0.15%
	FERG	B	0.15%
	MSTR	B	0.15%
	CTSH	A	0.15%
	EXR	D	0.14%
	WAB	B	0.14%
	DD	D	0.14%
	ROST	D	0.14%
	APH	B	0.14%
	STZ	D	0.14%
	GLW	B	0.14%
	XEL	A	0.14%
	DOW	F	0.13%
	VICI	D	0.13%
	GRMN	A	0.13%
	AVB	B	0.13%
	OXY	F	0.13%
	FANG	C	0.13%
	MTB	A	0.13%
	ON	F	0.12%
	DELL	C	0.12%
	WEC	B	0.12%
	CSGP	F	0.12%
	FITB	A	0.12%
	CNC	F	0.12%
	ETR	B	0.12%
	EQR	C	0.11%
	GPN	B	0.11%
	UAL	A	0.11%
	VMC	B	0.11%
	KHC	F	0.11%
	SBUX	B	0.1%
	ADM	F	0.1%
	HUBB	C	0.1%
	FCNCA	B	0.1%
	VTR	C	0.1%
	EFX	F	0.1%
	RMD	C	0.1%
	LDOS	C	0.1%
	WBD	B	0.09%
	TDY	B	0.09%
	CINF	A	0.09%
	EQT	B	0.09%
	FE	D	0.09%
	AEE	B	0.09%
	CCL	B	0.09%
	ILMN	C	0.09%
	SQ	B	0.09%
	DTE	D	0.09%
	PPL	A	0.09%
	DVN	F	0.09%
	ARE	F	0.08%
	COO	D	0.08%
	HOOD	B	0.08%
	INVH	D	0.08%
	EXE	A	0.08%
	APO	B	0.08%
	PKG	B	0.08%
	ZM	B	0.08%
	HSY	F	0.08%
	CVNA	B	0.07%
	BAX	F	0.07%
	MAS	D	0.07%
	WRB	B	0.07%
	UTHR	B	0.07%
	CSL	B	0.07%
	IBKR	A	0.07%
	CTRA	B	0.07%
	J	D	0.07%
	WSO	B	0.07%
	RS	C	0.07%
	MAA	C	0.07%
	SNA	A	0.07%
	LUV	B	0.07%
	MSCI	B	0.07%
	CNP	B	0.07%
	ESS	C	0.07%
	BLDR	C	0.07%
	SWKS	F	0.06%
	COHR	C	0.06%
	VRSN	C	0.06%
	UDR	C	0.06%
	SYY	D	0.06%
	RGA	A	0.06%
	CW	C	0.06%
	AMCR	D	0.06%
	LNT	C	0.06%
	NDSN	B	0.06%
	L	A	0.06%
	ACM	B	0.06%
	BRO	B	0.06%
	RVTY	C	0.06%
	MRNA	F	0.06%
	CF	B	0.06%
	USFD	B	0.06%
	VTRS	B	0.06%
	SUI	F	0.06%
	THC	B	0.06%
	FNF	C	0.06%
	MRO	B	0.06%
	SSNC	C	0.06%
	ZBRA	B	0.06%
	TOL	B	0.06%
	MKL	A	0.06%
	KIM	A	0.06%
	TXT	D	0.06%
	TSN	B	0.06%
	DG	F	0.06%
	RRX	B	0.05%
	Z	B	0.05%
	QCOM	F	0.05%
	EMN	D	0.05%
	BJ	B	0.05%
	ALB	C	0.05%
	TPR	A	0.05%
	UHS	D	0.05%
	CAH	B	0.05%
	NTNX	B	0.05%
	EPAM	B	0.05%
	WPC	F	0.05%
	FTI	B	0.05%
	SCI	B	0.05%
	DLTR	F	0.05%
	UNM	A	0.05%
	AMH	C	0.05%
	INCY	B	0.05%
	CACI	C	0.05%
	HST	D	0.05%
	CPT	C	0.05%
	ITT	A	0.05%
	CASY	B	0.05%
	BMRN	F	0.05%
	NVT	C	0.05%
	GLPI	D	0.05%
	JKHY	C	0.05%
	ELS	B	0.05%
	CLH	B	0.05%
	RPM	A	0.05%
	EG	D	0.05%
	CDW	F	0.05%
	REG	A	0.05%
	RNR	D	0.05%
	JBL	C	0.05%
	SWK	F	0.05%
	EVRG	A	0.05%
	HES	B	0.05%
	EWBC	B	0.05%
	FFIV	B	0.05%
	ORI	A	0.04%
	PNFP	B	0.04%
	BRBR	A	0.04%
	TW	B	0.04%
	X	D	0.04%
	CMA	A	0.04%
	GME	C	0.04%
	REXR	F	0.04%
	DCI	A	0.04%
	EL	F	0.04%
	FRT	B	0.04%
	DTM	A	0.04%
	SNX	C	0.04%
	AES	F	0.04%
	GL	B	0.04%
	WAL	B	0.04%
	TTEK	F	0.04%
	INGR	B	0.04%
	RGLD	C	0.04%
	WBS	A	0.04%
	NLY	C	0.04%
	AFG	A	0.04%
	LAD	B	0.04%
	RPRX	F	0.04%
	AYI	A	0.04%
	OHI	C	0.04%
	EHC	B	0.04%
	CIEN	B	0.04%
	ARMK	B	0.04%
	ALSN	B	0.04%
	PRI	B	0.04%
	PNW	A	0.04%
	TAP	B	0.04%
	DOX	C	0.04%
	FTNT	B	0.04%
	WWD	B	0.04%
	BLD	F	0.04%
	FWONK	A	0.04%
	AFRM	B	0.04%
	FHN	A	0.04%
	CUBE	D	0.04%
	CRL	C	0.04%
	CCK	D	0.04%
	EVR	B	0.04%
	NWSA	B	0.04%
	SOFI	B	0.04%
	AA	C	0.04%
	OVV	C	0.04%
	PFGC	B	0.04%
	CG	B	0.04%
	SF	A	0.04%
	ATR	A	0.04%
	COLD	F	0.03%
	AXS	A	0.03%
	PARA	B	0.03%
	IVZ	B	0.03%
	AZPN	A	0.03%
	DOCS	B	0.03%
	QRVO	F	0.03%
	MAT	C	0.03%
	FND	F	0.03%
	HRB	D	0.03%
	RGEN	C	0.03%
	WH	A	0.03%
	HR	C	0.03%
	STAG	D	0.03%
	VMI	B	0.03%
	OKTA	C	0.03%
	LSTR	B	0.03%
	RLI	A	0.03%
	WEX	D	0.03%
	CE	F	0.03%
	GNTX	C	0.03%
	CGNX	C	0.03%
	R	B	0.03%
	GXO	B	0.03%
	ELAN	C	0.03%
	FR	D	0.03%
	BIO	C	0.03%
	AGNC	C	0.03%
	PB	B	0.03%
	FCN	F	0.03%
	ATI	F	0.03%
	SSD	F	0.03%
	OSK	B	0.03%
	VFC	C	0.03%
	MKSI	C	0.03%
	ESAB	B	0.03%
	FMC	F	0.03%
	COKE	C	0.03%
	CHE	D	0.03%
	MIDD	D	0.03%
	SKX	F	0.03%
	FAST	B	0.03%
	KEX	A	0.03%
	ADC	A	0.03%
	JAZZ	B	0.03%
	MHK	D	0.03%
	BWA	B	0.03%
	MTSI	B	0.03%
	PR	C	0.03%
	RHI	B	0.03%
	SAIC	D	0.03%
	MNST	B	0.03%
	BERY	D	0.03%
	RRC	B	0.03%
	NNN	F	0.03%
	FLS	B	0.03%
	MTCH	F	0.03%
	ROKU	C	0.03%
	APA	F	0.03%
	WYNN	C	0.03%
	HII	F	0.03%
	VNO	C	0.03%
	SHW	A	0.03%
	G	B	0.03%
	SEIC	A	0.03%
	LBRDK	C	0.03%
	SNV	B	0.03%
	TKO	D	0.03%
	CFR	B	0.03%
	CART	C	0.03%
	CHRD	D	0.03%
	CBSH	A	0.03%
	VOYA	B	0.03%
	WTFC	B	0.03%
	LAMR	D	0.03%
	AAL	B	0.03%
	ZION	B	0.03%
	FYBR	D	0.03%
	AR	B	0.03%
	LECO	C	0.03%
	APG	C	0.03%
	COIN	B	0.03%
	OGE	B	0.03%
	EGP	D	0.03%
	BRX	A	0.03%
	CR	B	0.03%
	MGM	D	0.03%
	GWRE	A	0.03%
	JLL	C	0.03%
	CZR	F	0.03%
	GPK	D	0.03%
	KBR	D	0.03%
	AXTA	A	0.03%
	HLI	B	0.03%
	MOS	D	0.03%
	WCC	B	0.03%
	RL	B	0.03%
	JEF	B	0.03%
	NYT	C	0.03%
	BWXT	B	0.03%
	GMED	B	0.03%
	AOS	F	0.03%
	MTZ	B	0.03%
	RBC	B	0.03%
	VNOM	C	0.02%
	ALNY	D	0.02%
	DXC	B	0.02%
	TYL	B	0.02%
	IAC	F	0.02%
	HOG	D	0.02%
	RH	C	0.02%
	FLO	F	0.02%
	ASH	F	0.02%
	CLF	F	0.02%
	MSM	C	0.02%
	KMPR	A	0.02%
	OGN	F	0.02%
	OLED	F	0.02%
	AMTM	D	0.02%
	LINE	F	0.02%
	TPG	B	0.02%
	AN	C	0.02%
	GTES	B	0.02%
	SITE	D	0.02%
	M	C	0.02%
	PAYC	B	0.02%
	GAP	B	0.02%
	DLB	D	0.02%
	AWI	B	0.02%
	WLK	F	0.02%
	GFS	C	0.02%
	SLGN	B	0.02%
	EEFT	C	0.02%
	DBX	B	0.02%
	AGO	B	0.02%
	RYN	F	0.02%
	WTM	A	0.02%
	CUZ	B	0.02%
	KRC	C	0.02%
	AL	B	0.02%
	OZK	B	0.02%
	CROX	F	0.02%
	ST	F	0.02%
	FRPT	B	0.02%
	TKR	F	0.02%
	UGI	D	0.02%
	BYD	A	0.02%
	SON	F	0.02%
	SLM	A	0.02%
	ROIV	D	0.02%
	AVT	C	0.02%
	HXL	F	0.02%
	WSC	F	0.02%
	PSN	C	0.02%
	OLN	F	0.02%
	CCCS	B	0.02%
	NFG	D	0.02%
	LEA	F	0.02%
	POST	D	0.02%
	RITM	C	0.02%
	SN	C	0.02%
	THO	B	0.02%
	CRUS	F	0.02%
	LITE	B	0.02%
	EXAS	F	0.02%
	GNRC	B	0.02%
	THG	A	0.02%
	BFAM	F	0.02%
	JHG	A	0.02%
	AGCO	F	0.02%
	FNB	B	0.02%
	BC	D	0.02%
	IDA	A	0.02%
	PVH	C	0.02%
	AMG	B	0.02%
	H	B	0.02%
	WHR	B	0.02%
	LNC	B	0.02%
	BILL	B	0.02%
	WMS	F	0.02%
	SAIA	B	0.02%
	OLLI	C	0.02%
	STWD	C	0.02%
	BPOP	C	0.02%
	MTDR	B	0.02%
	VNT	C	0.02%
	OMF	A	0.02%
	LFUS	D	0.02%
	KD	A	0.02%
	MTG	C	0.02%
	COLB	A	0.02%
	SIRI	C	0.02%
	ARW	F	0.02%
	FAF	C	0.02%
	S	B	0.02%
	ESI	B	0.02%
	ALK	A	0.02%
	NOV	C	0.02%
	MSA	D	0.02%
	DAR	B	0.02%
	ONTO	F	0.02%
	CERT	F	0.01%
	NCNO	B	0.01%
	LBRDA	C	0.01%
	SNDR	B	0.01%
	REYN	D	0.01%
	TRIP	D	0.01%
	TER	F	0.01%
	LEG	F	0.01%
	UA	B	0.01%
	INFA	F	0.01%
	WEN	C	0.01%
	GO	C	0.01%
	EXEL	B	0.01%
	CRI	D	0.01%
	BIRK	F	0.01%
	QS	F	0.01%
	LEN	D	0.01%
	CLVT	F	0.01%
	VSTS	D	0.01%
	FTRE	D	0.01%
	KSS	D	0.01%
	UAA	B	0.01%
	CNXC	F	0.01%
	LYFT	B	0.01%
	PPC	C	0.01%
	AZEK	B	0.01%
	ALAB	C	0.01%
	PSTG	D	0.01%
	ETSY	D	0.01%
	LPX	A	0.01%
	LCID	F	0.01%
	SAM	B	0.01%
	RCM	B	0.01%
	JWN	B	0.01%
	AAP	C	0.01%
	WU	F	0.01%
	ADT	C	0.01%
	RKT	F	0.01%
	CWEN	D	0.01%
	HAYW	B	0.01%
	YETI	D	0.01%
	BRKR	F	0.01%
	QDEL	F	0.01%
	CPRI	F	0.01%
	IPGP	C	0.01%
	PINC	B	0.01%
	GLOB	B	0.01%
	SHC	D	0.01%
	AZTA	F	0.01%
	SPB	A	0.01%
	ENOV	C	0.01%
	AGR	C	0.01%
	MP	C	0.01%
	EXP	B	0.01%
	BOKF	B	0.01%
	HHH	B	0.01%
	ALGM	F	0.01%
	CC	C	0.01%
	COTY	D	0.01%
	CXT	F	0.01%
	COLM	B	0.01%
	VIRT	B	0.01%
	SEE	C	0.01%
	LLYVK	B	0.01%
	CNM	D	0.01%
	MPW	F	0.01%
	PAG	B	0.01%
	NSA	D	0.01%
	PK	C	0.01%
	MAN	F	0.01%
	PENN	B	0.01%
	SMG	D	0.01%
	AMKR	F	0.01%
	AMED	F	0.01%
	BROS	B	0.01%
	BHF	B	0.01%
	NXST	C	0.01%
	SPR	F	0.01%
	ECG	D	0.01%
	AM	B	0.01%
	IRDM	B	0.01%
	LBTYK	F	0.01%
	HUN	F	0.01%
	LBTYA	F	0.01%
	VAC	B	0.01%
	CPRT	A	0.01%
	MASI	B	0.01%
	ZG	B	0.01%
	EPR	D	0.01%
	U	F	0.01%
	LOPE	B	0.01%
	FHB	B	0.01%
	NVST	C	0.01%
	HIW	D	0.01%
	PII	F	0.01%
	PRGO	C	0.01%
	XRAY	F	0.01%
	MDU	D	0.01%
	NWS	B	0.01%
	TNL	A	0.01%
	W	F	0.01%
	ACHC	F	0.01%
	ZI	C	0.01%
	DNB	B	0.01%
	PLNT	A	0.01%
	NEU	C	0.01%
	UHAL	D	0.01%
	CIVI	D	0.01%
	NWL	B	0.01%
	MSGS	B	0.01%
	LOAR	C	0.0%
	UWMC	F	0.0%
	SEG	F	0.0%
	PARAA	B	0.0%
	NFE	F	0.0%
	UHAL	D	0.0%
	GRAL	B	0.0%
	LAZ	C	0.0%
	IONS	F	0.0%
	TXG	F	0.0%
	PLTK	B	0.0%
	CACC	D	0.0%
	CHH	B	0.0%
	DJT	C	0.0%
	UI	B	0.0%
	SEB	F	0.0%
	TFSL	A	0.0%
	PATH	C	0.0%
	FIVE	F	0.0%
	CAR	C	0.0%
	CWEN	D	0.0%
	LSCC	D	0.0%
	HCP	A	0.0%
	CNA	C	0.0%
	MTN	C	0.0%
	FWONA	B	0.0%
	PYCR	B	0.0%
	HAS	D	0.0%
	AS	B	0.0%
	DV	C	0.0%
	LLYVA	B	0.0%
	DDS	B	0.0%
	WOLF	F	0.0%

IWD Underweight 48 Positions Relative to USSG

	Symbol	Grade	Weight
	NVDA	A	-12.59%
	MSFT	C	-10.85%
	GOOGL	C	-3.74%
	GOOG	C	-3.25%
	TSLA	B	-2.62%
	LLY	F	-2.45%
	V	A	-1.73%
	MA	B	-1.58%
	MRK	F	-0.97%
	ADBE	C	-0.8%
	NOW	A	-0.73%
	INTU	A	-0.65%
	PANW	B	-0.44%
	AMT	F	-0.37%
	LRCX	F	-0.36%
	MELI	D	-0.35%
	CDNS	B	-0.3%
	SNPS	C	-0.3%
	MCO	C	-0.29%
	NXPI	F	-0.23%
	ADSK	B	-0.23%
	WDAY	B	-0.19%
	COR	B	-0.16%
	IT	B	-0.15%
	ODFL	B	-0.15%
	LULU	B	-0.14%
	TEAM	B	-0.13%
	IDXX	F	-0.13%
	TRGP	B	-0.13%
	AXON	B	-0.12%
	TSCO	D	-0.11%
	DXCM	C	-0.1%
	HUBS	B	-0.1%
	DECK	B	-0.09%
	STX	D	-0.08%
	LPLA	A	-0.08%
	LII	B	-0.07%
	CLX	A	-0.07%
	DOCU	B	-0.06%
	MANH	C	-0.06%
	BURL	C	-0.06%
	PODD	B	-0.06%
	ZS	B	-0.06%
	POOL	D	-0.05%
	EQH	B	-0.05%
	NBIX	C	-0.04%
	ENPH	F	-0.04%
	DVA	C	-0.03%

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

USSG: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Specialty Retail Diagnostics & Research Business Services Capital Markets Packaged Foods Banks - Regional - US Credit Services Drug Manufacturers - Major Asset Management Semiconductors Specialty Chemicals Household & Personal Products Health Care Plans Insurance - Diversified Integrated Shipping & Logistics Medical Devices Medical Instruments & Supplies Oil & Gas Midstream

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Insurance Natural Gas Chemical Bank Banking Medicine Beverage Electronics Investment Bank Mining Telecommunications Cloud Computing Disability Electricity Financial Products Insurance Products