IWD vs. VCSH ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Vanguard Short-Term Corporate Bond ETF (VCSH)

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

$197.45

Average Daily Volume

1,604,405

Number of Holdings ^*

865

* may have additional holdings in another (foreign) market

VCSH

Vanguard Short-Term Corporate Bond ETF

VCSH Description

The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 1 and 5 years. At least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$78.18

Average Daily Volume

2,823,257

Number of Holdings ^*

443

* may have additional holdings in another (foreign) market

Performance

Period	IWD	VCSH
30 Days	2.50%	-0.24%
60 Days	4.52%	-1.00%
90 Days	6.09%	0.07%
12 Months	28.49%	6.91%

363 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in VCSH	Overlap
	A	D	0.15%	0.02%	0.02%
	ABBV	F	0.65%	0.02%	0.02%
	ABT	B	0.78%	0.02%	0.02%
	ADI	D	0.4%	0.02%	0.02%
	ADM	D	0.1%	0.05%	0.05%
	ADP	A	0.03%	0.05%	0.03%
	AEE	A	0.09%	0.01%	0.01%
	AEP	C	0.2%	0.01%	0.01%
	AES	F	0.04%	0.02%	0.02%
	AFG	A	0.04%	0.02%	0.02%
	AFL	B	0.24%	0.02%	0.02%
	AGR	A	0.01%	0.03%	0.01%
	AIG	B	0.19%	0.06%	0.06%
	AIZ	A	0.04%	0.02%	0.02%
	AL	B	0.02%	0.02%	0.02%
	ALB	B	0.05%	0.02%	0.02%
	ALL	A	0.17%	0.01%	0.01%
	ALLE	C	0.05%	0.02%	0.02%
	ALLY	C	0.03%	0.01%	0.01%
	AMAT	F	0.04%	0.03%	0.03%
	AMD	F	0.29%	0.01%	0.01%
	AMG	B	0.02%	0.01%	0.01%
	AMGN	F	0.13%	0.01%	0.01%
	AMP	A	0.02%	0.01%	0.01%
	AN	C	0.02%	0.02%	0.02%
	AON	A	0.29%	0.01%	0.01%
	APD	A	0.27%	0.01%	0.01%
	APH	A	0.14%	0.02%	0.02%
	APTV	F	0.06%	0.03%	0.03%
	ARE	F	0.07%	0.01%	0.01%
	ARW	D	0.02%	0.01%	0.01%
	ATO	A	0.08%	0.03%	0.03%
	AVB	B	0.13%	0.01%	0.01%
	AVT	C	0.02%	0.01%	0.01%
	AWK	C	0.1%	0.01%	0.01%
	AXP	A	0.39%	0.03%	0.03%
	AZO	C	0.02%	0.01%	0.01%
	BA	F	0.31%	0.01%	0.01%
	BAC	A	1.23%	0.01%	0.01%
	BAX	F	0.06%	0.03%	0.03%
	BC	C	0.02%	0.02%	0.02%
	BDX	F	0.25%	0.02%	0.02%
	BEN	C	0.02%	0.02%	0.02%
	BERY	C	0.03%	0.03%	0.03%
	BG	D	0.05%	0.03%	0.03%
	BIIB	F	0.09%	0.08%	0.08%
	BK	A	0.22%	0.01%	0.01%
	BKNG	A	0.04%	0.02%	0.02%
	BLK	B	0.6%	0.05%	0.05%
	BMY	B	0.44%	0.02%	0.02%
	BR	A	0.01%	0.02%	0.01%
	BRO	B	0.06%	0.02%	0.02%
	BRX	A	0.03%	0.02%	0.02%
	BSX	A	0.5%	0.01%	0.01%
	BWA	D	0.03%	0.02%	0.02%
	BXP	C	0.05%	0.03%	0.03%
	C	A	0.51%	0.02%	0.02%
	CACC	D	0.0%	0.01%	0.0%
	CAG	F	0.05%	0.01%	0.01%
	CAH	B	0.05%	0.02%	0.02%
	CARR	C	0.24%	0.09%	0.09%
	CAT	B	0.63%	0.02%	0.02%
	CB	C	0.45%	0.03%	0.03%
	CCI	C	0.18%	0.02%	0.02%
	CE	F	0.02%	0.02%	0.02%
	CF	A	0.06%	0.02%	0.02%
	CFG	B	0.08%	0.01%	0.01%
	CHD	A	0.1%	0.01%	0.01%
	CHTR	C	0.14%	0.07%	0.07%
	CI	D	0.32%	0.01%	0.01%
	CL	D	0.13%	0.01%	0.01%
	CMA	B	0.04%	0.01%	0.01%
	CMCSA	B	0.64%	0.03%	0.03%
	CME	B	0.32%	0.03%	0.03%
	CMI	A	0.19%	0.02%	0.02%
	CMS	C	0.08%	0.01%	0.01%
	CNA	C	0.0%	0.02%	0.0%
	CNH	C	0.04%	0.02%	0.02%
	CNP	A	0.08%	0.01%	0.01%
	COF	C	0.27%	0.01%	0.01%
	COKE	C	0.03%	0.02%	0.02%
	COP	C	0.51%	0.01%	0.01%
	CPB	D	0.03%	0.02%	0.02%
	CPT	B	0.05%	0.02%	0.02%
	CRM	B	0.18%	0.05%	0.05%
	CSCO	B	0.91%	0.02%	0.02%
	CSL	C	0.07%	0.01%	0.01%
	CSX	C	0.27%	0.02%	0.02%
	CTVA	C	0.15%	0.02%	0.02%
	CUBE	C	0.04%	0.01%	0.01%
	CVS	D	0.26%	0.02%	0.02%
	CVX	A	1.08%	0.02%	0.02%
	D	C	0.19%	0.01%	0.01%
	DAL	B	0.16%	0.01%	0.01%
	DD	C	0.13%	0.08%	0.08%
	DE	B	0.39%	0.01%	0.01%
	DELL	B	0.12%	0.01%	0.01%
	DFS	B	0.17%	0.01%	0.01%
	DG	F	0.06%	0.01%	0.01%
	DGX	A	0.07%	0.02%	0.02%
	DHI	F	0.19%	0.01%	0.01%
	DHR	F	0.58%	0.02%	0.02%
	DIS	B	0.82%	0.03%	0.03%
	DLR	B	0.23%	0.03%	0.03%
	DLTR	F	0.05%	0.05%	0.05%
	DOC	C	0.06%	0.02%	0.02%
	DOV	A	0.11%	0.02%	0.02%
	DOW	F	0.12%	0.01%	0.01%
	DTE	C	0.1%	0.01%	0.01%
	DUK	C	0.34%	0.01%	0.01%
	DVN	F	0.09%	0.02%	0.02%
	DXC	B	0.01%	0.03%	0.01%
	EA	A	0.17%	0.02%	0.02%
	EBAY	D	0.12%	0.03%	0.03%
	ED	C	0.13%	0.01%	0.01%
	EFX	F	0.09%	0.02%	0.02%
	EIX	B	0.12%	0.01%	0.01%
	EL	F	0.04%	0.03%	0.03%
	EMN	C	0.05%	0.03%	0.03%
	EMR	B	0.28%	0.01%	0.01%
	EOG	A	0.3%	0.02%	0.02%
	EPR	C	0.01%	0.01%	0.01%
	EQIX	A	0.31%	0.02%	0.02%
	EQR	C	0.11%	0.02%	0.02%
	ES	C	0.08%	0.01%	0.01%
	ESS	B	0.07%	0.01%	0.01%
	ETN	A	0.56%	0.07%	0.07%
	ETR	B	0.12%	0.01%	0.01%
	EVRG	A	0.06%	0.01%	0.01%
	EXC	C	0.15%	0.01%	0.01%
	FAF	A	0.03%	0.01%	0.01%
	FANG	C	0.13%	0.02%	0.02%
	FDX	B	0.26%	0.03%	0.03%
	FE	C	0.09%	0.01%	0.01%
	FHN	A	0.04%	0.01%	0.01%
	FIS	C	0.19%	0.03%	0.03%
	FITB	B	0.12%	0.03%	0.03%
	FLS	B	0.03%	0.01%	0.01%
	FMC	D	0.03%	0.01%	0.01%
	FNB	A	0.02%	0.01%	0.01%
	FOXA	A	0.04%	0.04%	0.04%
	FRT	B	0.04%	0.02%	0.02%
	FTNT	C	0.04%	0.02%	0.02%
	FTV	C	0.1%	0.04%	0.04%
	G	B	0.03%	0.01%	0.01%
	GD	D	0.31%	0.02%	0.02%
	GE	D	0.59%	0.01%	0.01%
	GILD	C	0.43%	0.04%	0.04%
	GIS	D	0.14%	0.03%	0.03%
	GLPI	C	0.05%	0.03%	0.03%
	GM	C	0.25%	0.02%	0.02%
	GPN	B	0.12%	0.03%	0.03%
	GS	A	0.53%	0.01%	0.01%
	GWW	B	0.03%	0.02%	0.02%
	GXO	B	0.03%	0.02%	0.02%
	H	B	0.02%	0.01%	0.01%
	HAL	C	0.1%	0.03%	0.03%
	HAS	D	0.0%	0.03%	0.0%
	HBAN	A	0.1%	0.01%	0.01%
	HCA	F	0.19%	0.06%	0.06%
	HD	B	0.32%	0.01%	0.01%
	HES	B	0.06%	0.01%	0.01%
	HII	F	0.03%	0.01%	0.01%
	HIW	C	0.01%	0.01%	0.01%
	HOG	D	0.02%	0.02%	0.02%
	HON	C	0.49%	0.01%	0.01%
	HPE	B	0.11%	0.03%	0.03%
	HPQ	B	0.11%	0.05%	0.05%
	HRB	D	0.03%	0.02%	0.02%
	HRL	D	0.03%	0.03%	0.03%
	HST	C	0.05%	0.02%	0.02%
	HSY	F	0.08%	0.01%	0.01%
	HUBB	B	0.09%	0.01%	0.01%
	HUM	C	0.13%	0.02%	0.02%
	IBM	C	0.73%	0.02%	0.02%
	ICE	C	0.34%	0.02%	0.02%
	IFF	D	0.09%	0.01%	0.01%
	ILMN	C	0.08%	0.02%	0.02%
	INTC	C	0.4%	0.03%	0.03%
	IP	A	0.08%	0.02%	0.02%
	IPG	D	0.04%	0.01%	0.01%
	ITW	B	0.2%	0.04%	0.04%
	IVZ	B	0.03%	0.02%	0.02%
	JBHT	C	0.06%	0.03%	0.03%
	JBL	C	0.05%	0.01%	0.01%
	JCI	B	0.22%	0.02%	0.02%
	JEF	A	0.04%	0.03%	0.03%
	JHG	B	0.02%	0.01%	0.01%
	JNJ	C	1.45%	0.02%	0.02%
	JNPR	D	0.05%	0.03%	0.03%
	JPM	A	2.74%	0.01%	0.01%
	K	A	0.08%	0.02%	0.02%
	KDP	F	0.14%	0.02%	0.02%
	KEY	B	0.07%	0.01%	0.01%
	KEYS	A	0.1%	0.02%	0.02%
	KIM	A	0.06%	0.01%	0.01%
	KMB	C	0.1%	0.01%	0.01%
	KMI	A	0.21%	0.02%	0.02%
	KMPR	A	0.02%	0.02%	0.02%
	KO	D	0.4%	0.06%	0.06%
	KR	B	0.15%	0.02%	0.02%
	KRC	B	0.02%	0.01%	0.01%
	KSS	F	0.01%	0.01%	0.01%
	L	A	0.06%	0.02%	0.02%
	LAZ	B	0.0%	0.02%	0.0%
	LDOS	C	0.08%	0.02%	0.02%
	LEG	F	0.01%	0.01%	0.01%
	LEN	D	0.01%	0.01%	0.01%
	LEN	D	0.16%	0.01%	0.01%
	LH	B	0.08%	0.01%	0.01%
	LHX	C	0.18%	0.02%	0.02%
	LIN	C	0.84%	0.02%	0.02%
	LMT	D	0.3%	0.05%	0.05%
	LNC	C	0.02%	0.01%	0.01%
	LNT	A	0.06%	0.02%	0.02%
	LOW	C	0.6%	0.01%	0.01%
	LUV	C	0.08%	0.01%	0.01%
	LYB	F	0.08%	0.02%	0.02%
	MAA	B	0.07%	0.01%	0.01%
	MAR	A	0.25%	0.01%	0.01%
	MCD	D	0.77%	0.01%	0.01%
	MCHP	F	0.13%	0.01%	0.01%
	MCK	A	0.17%	0.01%	0.01%
	MDLZ	F	0.34%	0.01%	0.01%
	MDT	D	0.44%	0.08%	0.08%
	MET	A	0.19%	0.02%	0.02%
	MHK	D	0.03%	0.03%	0.03%
	MKC	C	0.07%	0.02%	0.02%
	MLM	C	0.13%	0.01%	0.01%
	MMC	B	0.37%	0.01%	0.01%
	MMM	D	0.23%	0.01%	0.01%
	MO	A	0.37%	0.01%	0.01%
	MOS	F	0.03%	0.03%	0.03%
	MPC	D	0.22%	0.03%	0.03%
	MRVL	B	0.27%	0.02%	0.02%
	MS	A	0.57%	0.03%	0.03%
	MSI	B	0.16%	0.03%	0.03%
	MTB	A	0.14%	0.02%	0.02%
	MU	D	0.41%	0.03%	0.03%
	NDAQ	A	0.13%	0.01%	0.01%
	NEE	C	0.61%	0.01%	0.01%
	NEM	D	0.18%	0.01%	0.01%
	NEU	D	0.01%	0.01%	0.01%
	NFG	A	0.02%	0.01%	0.01%
	NI	A	0.06%	0.05%	0.05%
	NKE	F	0.14%	0.02%	0.02%
	NNN	C	0.03%	0.02%	0.02%
	NOC	D	0.27%	0.05%	0.05%
	NSC	B	0.23%	0.01%	0.01%
	NTAP	C	0.05%	0.02%	0.02%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	C	0.14%	0.03%	0.03%
	NVT	B	0.05%	0.01%	0.01%
	O	C	0.19%	0.01%	0.01%
	OC	A	0.07%	0.01%	0.01%
	OHI	C	0.04%	0.02%	0.02%
	OKE	A	0.25%	0.02%	0.02%
	OMC	C	0.07%	0.06%	0.06%
	ORI	A	0.04%	0.02%	0.02%
	ORLY	B	0.02%	0.01%	0.01%
	OTIS	C	0.16%	0.07%	0.07%
	PCAR	B	0.22%	0.01%	0.01%
	PCG	A	0.17%	0.01%	0.01%
	PEG	A	0.17%	0.01%	0.01%
	PEP	F	0.18%	0.02%	0.02%
	PFE	F	0.55%	0.03%	0.03%
	PFG	D	0.08%	0.01%	0.01%
	PG	C	1.21%	0.01%	0.01%
	PH	A	0.35%	0.02%	0.02%
	PHM	D	0.1%	0.03%	0.03%
	PKG	A	0.08%	0.01%	0.01%
	PM	B	0.78%	0.02%	0.02%
	PNC	B	0.32%	0.02%	0.02%
	PNW	A	0.04%	0.01%	0.01%
	PPG	F	0.11%	0.01%	0.01%
	PPL	A	0.1%	0.01%	0.01%
	PRU	A	0.18%	0.03%	0.03%
	PSA	C	0.18%	0.02%	0.02%
	PSX	C	0.21%	0.01%	0.01%
	PVH	C	0.02%	0.03%	0.02%
	PYPL	B	0.34%	0.03%	0.03%
	QCOM	F	0.04%	0.04%	0.04%
	R	B	0.03%	0.01%	0.01%
	RF	A	0.09%	0.04%	0.04%
	RGA	A	0.06%	0.01%	0.01%
	RL	C	0.03%	0.02%	0.02%
	RNR	C	0.05%	0.01%	0.01%
	ROK	C	0.12%	0.01%	0.01%
	ROP	B	0.23%	0.01%	0.01%
	ROST	D	0.14%	0.02%	0.02%
	RPM	A	0.05%	0.01%	0.01%
	RPRX	D	0.04%	0.04%	0.04%
	RS	B	0.07%	0.01%	0.01%
	RSG	A	0.17%	0.01%	0.01%
	RTX	D	0.61%	0.02%	0.02%
	SBUX	A	0.1%	0.02%	0.02%
	SCHW	B	0.42%	0.01%	0.01%
	SF	B	0.04%	0.02%	0.02%
	SHW	B	0.03%	0.02%	0.02%
	SLB	C	0.24%	0.02%	0.02%
	SNV	C	0.03%	0.01%	0.01%
	SNX	D	0.03%	0.03%	0.03%
	SO	C	0.37%	0.01%	0.01%
	SPG	A	0.17%	0.02%	0.02%
	SPGI	C	0.61%	0.03%	0.03%
	SRE	A	0.23%	0.01%	0.01%
	STLD	B	0.08%	0.02%	0.02%
	STT	B	0.11%	0.03%	0.03%
	STZ	D	0.15%	0.02%	0.02%
	SWK	D	0.05%	0.03%	0.03%
	SWKS	F	0.05%	0.03%	0.03%
	SYF	B	0.1%	0.03%	0.03%
	SYK	B	0.39%	0.01%	0.01%
	SYY	D	0.06%	0.03%	0.03%
	T	A	0.63%	0.01%	0.01%
	TAP	C	0.04%	0.1%	0.04%
	TDY	B	0.08%	0.02%	0.02%
	TFC	A	0.24%	0.01%	0.01%
	TGT	F	0.27%	0.05%	0.05%
	THG	A	0.02%	0.02%	0.02%
	TJX	A	0.22%	0.04%	0.04%
	TKR	D	0.02%	0.01%	0.01%
	TMO	F	0.76%	0.01%	0.01%
	TMUS	B	0.44%	0.04%	0.04%
	TRMB	B	0.07%	0.01%	0.01%
	TSN	B	0.07%	0.01%	0.01%
	TT	A	0.24%	0.02%	0.02%
	TXN	C	0.63%	0.01%	0.01%
	TXT	D	0.06%	0.01%	0.01%
	UAL	A	0.12%	0.01%	0.01%
	UDR	B	0.06%	0.01%	0.01%
	UHS	D	0.05%	0.01%	0.01%
	UNH	B	1.98%	0.01%	0.01%
	UNM	A	0.05%	0.02%	0.02%
	UNP	C	0.29%	0.01%	0.01%
	UPS	C	0.38%	0.02%	0.02%
	USB	A	0.3%	0.02%	0.02%
	VFC	C	0.03%	0.04%	0.03%
	VLO	C	0.17%	0.03%	0.03%
	VMC	B	0.11%	0.01%	0.01%
	VNO	C	0.03%	0.02%	0.02%
	VNT	C	0.02%	0.02%	0.02%
	VOYA	B	0.03%	0.02%	0.02%
	VTR	B	0.1%	0.02%	0.02%
	VTRS	A	0.06%	0.03%	0.03%
	VZ	C	0.68%	0.06%	0.06%
	WAB	B	0.13%	0.03%	0.03%
	WAL	B	0.04%	0.03%	0.03%
	WBA	F	0.02%	0.06%	0.02%
	WEC	A	0.12%	0.02%	0.02%
	WELL	A	0.32%	0.01%	0.01%
	WFC	A	1.01%	0.01%	0.01%
	WHR	B	0.02%	0.01%	0.01%
	WLK	D	0.02%	0.04%	0.02%
	WMB	A	0.27%	0.03%	0.03%
	WMT	A	1.42%	0.02%	0.02%
	WPC	C	0.05%	0.02%	0.02%
	WU	F	0.01%	0.01%	0.01%
	WY	F	0.09%	0.01%	0.01%
	XEL	A	0.15%	0.01%	0.01%
	XOM	B	2.08%	0.02%	0.02%
	ZBH	C	0.09%	0.02%	0.02%
	ZTS	D	0.05%	0.04%	0.04%

IWD Overweight 502 Positions Relative to VCSH

	Symbol	Grade	Weight
	BRK.A	B	3.35%
	ACN	B	0.86%
	PLD	F	0.41%
	GEV	B	0.35%
	FI	A	0.32%
	ELV	F	0.3%
	KKR	A	0.28%
	REGN	F	0.28%
	CRH	A	0.26%
	FCX	F	0.24%
	AJG	A	0.23%
	CEG	C	0.23%
	TRV	B	0.23%
	VRTX	D	0.23%
	TDG	D	0.21%
	MSTR	B	0.19%
	KVUE	A	0.18%
	HWM	A	0.17%
	BKR	A	0.17%
	F	C	0.17%
	AME	A	0.17%
	CBRE	B	0.16%
	IR	B	0.16%
	URI	C	0.16%
	FERG	B	0.15%
	CTSH	B	0.15%
	GLW	B	0.14%
	RCL	A	0.14%
	ACGL	C	0.14%
	GRMN	B	0.13%
	PWR	A	0.13%
	EW	C	0.13%
	VICI	C	0.13%
	OXY	D	0.13%
	GEHC	D	0.13%
	EXR	C	0.13%
	HIG	B	0.13%
	HLT	A	0.12%
	CNC	D	0.12%
	RJF	A	0.12%
	TTWO	A	0.12%
	IQV	F	0.12%
	WTW	B	0.12%
	SQ	A	0.11%
	KHC	F	0.11%
	ON	D	0.11%
	CSGP	D	0.11%
	ANSS	B	0.11%
	XYL	D	0.11%
	PAYX	B	0.11%
	RMD	C	0.1%
	MTD	F	0.1%
	NVR	D	0.1%
	TROW	B	0.1%
	FCNCA	A	0.1%
	SW	A	0.1%
	WBD	B	0.09%
	YUM	D	0.09%
	CINF	A	0.09%
	PGR	A	0.09%
	EQT	B	0.09%
	SBAC	D	0.09%
	LNG	A	0.09%
	CCL	A	0.09%
	COO	D	0.08%
	BBY	D	0.08%
	FSLR	F	0.08%
	WDC	D	0.08%
	INVH	D	0.08%
	CBOE	C	0.08%
	ZM	C	0.08%
	HOOD	B	0.08%
	EXE	A	0.08%
	APO	B	0.08%
	STE	D	0.08%
	MKL	A	0.07%
	CVNA	B	0.07%
	GPC	D	0.07%
	MAS	D	0.07%
	IEX	C	0.07%
	PNR	A	0.07%
	J	D	0.07%
	TRU	D	0.07%
	WRB	A	0.07%
	HOLX	D	0.07%
	WSO	A	0.07%
	SNA	A	0.07%
	BALL	F	0.07%
	CTRA	B	0.07%
	IBKR	A	0.07%
	MSCI	C	0.07%
	BLDR	D	0.07%
	EXPD	C	0.06%
	EWBC	A	0.06%
	VRSN	C	0.06%
	IRM	C	0.06%
	NDSN	B	0.06%
	ACM	B	0.06%
	THC	D	0.06%
	AMCR	C	0.06%
	USFD	A	0.06%
	GGG	B	0.06%
	SUI	C	0.06%
	ZBRA	B	0.06%
	TOL	B	0.06%
	SSNC	B	0.06%
	FNF	B	0.06%
	UTHR	C	0.06%
	MRO	B	0.06%
	GEN	B	0.06%
	Z	A	0.05%
	SOFI	B	0.05%
	CDW	F	0.05%
	FDS	B	0.05%
	MRNA	F	0.05%
	BMRN	F	0.05%
	SCI	B	0.05%
	NTNX	B	0.05%
	FTI	A	0.05%
	CASY	A	0.05%
	EPAM	B	0.05%
	COHR	B	0.05%
	ITT	A	0.05%
	CLH	C	0.05%
	JKHY	D	0.05%
	AMH	C	0.05%
	CHRW	B	0.05%
	ELS	C	0.05%
	TPR	B	0.05%
	AFRM	A	0.05%
	AKAM	D	0.05%
	TWLO	A	0.05%
	EG	C	0.05%
	RVTY	F	0.05%
	REG	A	0.05%
	CW	C	0.05%
	FFIV	B	0.05%
	VLTO	C	0.05%
	EME	A	0.05%
	AVTR	F	0.05%
	TW	A	0.04%
	WST	C	0.04%
	GMED	A	0.04%
	TFX	F	0.04%
	REXR	F	0.04%
	BWXT	B	0.04%
	FBIN	D	0.04%
	INGR	C	0.04%
	DCI	B	0.04%
	RGLD	C	0.04%
	SOLV	D	0.04%
	DRI	B	0.04%
	PNFP	B	0.04%
	BRBR	A	0.04%
	CRL	D	0.04%
	COIN	C	0.04%
	MKTX	D	0.04%
	CIEN	C	0.04%
	DOX	D	0.04%
	DPZ	C	0.04%
	GL	C	0.04%
	DTM	A	0.04%
	WTRG	B	0.04%
	ARMK	B	0.04%
	EHC	B	0.04%
	NLY	C	0.04%
	AVY	F	0.04%
	GME	C	0.04%
	LAD	A	0.04%
	DKS	D	0.04%
	DAY	B	0.04%
	LKQ	F	0.04%
	ALSN	B	0.04%
	AYI	B	0.04%
	BLD	D	0.04%
	WWD	C	0.04%
	WBS	A	0.04%
	CACI	D	0.04%
	PRI	B	0.04%
	TECH	F	0.04%
	CCK	D	0.04%
	EVR	B	0.04%
	CTLT	C	0.04%
	FWONK	A	0.04%
	NWSA	A	0.04%
	PFGC	B	0.04%
	SJM	D	0.04%
	ATR	B	0.04%
	CG	B	0.04%
	AA	A	0.04%
	RRX	B	0.04%
	NRG	B	0.04%
	INCY	C	0.04%
	KMX	B	0.04%
	BJ	A	0.04%
	OVV	B	0.04%
	COLB	B	0.03%
	MTG	C	0.03%
	CGNX	D	0.03%
	LSTR	D	0.03%
	BILL	A	0.03%
	OKTA	C	0.03%
	STAG	D	0.03%
	AZPN	A	0.03%
	WEX	D	0.03%
	HR	B	0.03%
	DINO	D	0.03%
	AXS	A	0.03%
	VMI	B	0.03%
	MKSI	C	0.03%
	ALK	B	0.03%
	WSM	C	0.03%
	WH	B	0.03%
	DAR	C	0.03%
	FCN	F	0.03%
	FND	D	0.03%
	MTSI	B	0.03%
	RLI	A	0.03%
	SSD	F	0.03%
	FR	D	0.03%
	ATI	C	0.03%
	ALGN	D	0.03%
	GNTX	C	0.03%
	ELAN	D	0.03%
	ESAB	C	0.03%
	OSK	C	0.03%
	BBWI	C	0.03%
	AGNC	C	0.03%
	KBR	F	0.03%
	CART	C	0.03%
	MIDD	C	0.03%
	SKX	D	0.03%
	FAST	B	0.03%
	LBRDK	C	0.03%
	LW	C	0.03%
	PB	B	0.03%
	ROKU	D	0.03%
	CHE	D	0.03%
	DASH	B	0.03%
	MNST	C	0.03%
	RHI	C	0.03%
	JAZZ	B	0.03%
	ADC	A	0.03%
	KEX	B	0.03%
	PR	B	0.03%
	MTCH	D	0.03%
	RRC	B	0.03%
	CHRD	D	0.03%
	ACI	C	0.03%
	CZR	F	0.03%
	X	B	0.03%
	ECL	D	0.03%
	TKO	A	0.03%
	SEIC	B	0.03%
	APG	B	0.03%
	CFR	B	0.03%
	APA	D	0.03%
	LECO	C	0.03%
	LAMR	C	0.03%
	WAT	C	0.03%
	RIVN	F	0.03%
	FICO	B	0.03%
	EGP	D	0.03%
	GPK	C	0.03%
	NYT	D	0.03%
	MTZ	B	0.03%
	CR	A	0.03%
	JLL	D	0.03%
	CBSH	B	0.03%
	TTC	C	0.03%
	OGE	A	0.03%
	FYBR	C	0.03%
	WTFC	A	0.03%
	WYNN	C	0.03%
	GWRE	A	0.03%
	ZION	B	0.03%
	TTEK	F	0.03%
	AAL	B	0.03%
	MGM	D	0.03%
	AOS	F	0.03%
	HSIC	C	0.03%
	KNX	C	0.03%
	AR	B	0.03%
	HLI	A	0.03%
	AXTA	B	0.03%
	RBC	A	0.03%
	WCC	B	0.03%
	PTC	B	0.03%
	OGN	F	0.02%
	LINE	F	0.02%
	SITE	F	0.02%
	FLO	D	0.02%
	TPG	A	0.02%
	GTES	A	0.02%
	PAYC	B	0.02%
	GFS	C	0.02%
	DLB	B	0.02%
	M	F	0.02%
	GAP	C	0.02%
	AWI	A	0.02%
	RYN	D	0.02%
	SLGN	A	0.02%
	PSN	D	0.02%
	WSC	F	0.02%
	EEFT	B	0.02%
	DBX	B	0.02%
	CUZ	B	0.02%
	AGO	B	0.02%
	ST	F	0.02%
	FRPT	A	0.02%
	CROX	D	0.02%
	ROIV	C	0.02%
	OLN	F	0.02%
	WTM	A	0.02%
	HXL	F	0.02%
	BYD	B	0.02%
	SON	F	0.02%
	UGI	C	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	F	0.02%
	CRUS	D	0.02%
	LITE	B	0.02%
	EXAS	D	0.02%
	GNRC	C	0.02%
	RITM	C	0.02%
	THO	B	0.02%
	OLLI	D	0.02%
	DOCS	C	0.02%
	FOX	A	0.02%
	WMS	F	0.02%
	SAIA	B	0.02%
	AGCO	D	0.02%
	ONTO	F	0.02%
	LFUS	D	0.02%
	IDA	A	0.02%
	RGEN	D	0.02%
	S	B	0.02%
	STWD	C	0.02%
	BIO	C	0.02%
	QRVO	F	0.02%
	MTDR	B	0.02%
	BPOP	C	0.02%
	OMF	A	0.02%
	SAIC	F	0.02%
	COLD	D	0.02%
	ESI	B	0.02%
	NOV	C	0.02%
	SIRI	C	0.02%
	MOH	F	0.02%
	KD	B	0.02%
	MSA	F	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%
	TER	F	0.01%
	FTRE	D	0.01%
	WEN	D	0.01%
	EXEL	B	0.01%
	GO	C	0.01%
	UA	C	0.01%
	QS	F	0.01%
	CLVT	D	0.01%
	BIRK	D	0.01%
	ALAB	B	0.01%
	CNXC	F	0.01%
	VSTS	C	0.01%
	CRI	F	0.01%
	PSTG	D	0.01%
	PPC	C	0.01%
	QDEL	F	0.01%
	AZEK	A	0.01%
	RKT	F	0.01%
	LBTYK	A	0.01%
	LCID	F	0.01%
	INFA	D	0.01%
	ETSY	D	0.01%
	UAA	C	0.01%
	LBTYA	F	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	A	0.01%
	AAP	D	0.01%
	CWEN	C	0.01%
	AZTA	D	0.01%
	YETI	D	0.01%
	JWN	D	0.01%
	HAYW	B	0.01%
	SAM	C	0.01%
	ULTA	F	0.01%
	PINC	B	0.01%
	ALGM	D	0.01%
	SPB	C	0.01%
	MP	C	0.01%
	CPRI	F	0.01%
	HHH	B	0.01%
	EXP	B	0.01%
	ENOV	C	0.01%
	MPW	F	0.01%
	BOKF	B	0.01%
	CC	C	0.01%
	CXT	C	0.01%
	COTY	F	0.01%
	SEE	C	0.01%
	COLM	C	0.01%
	CNM	D	0.01%
	AMKR	D	0.01%
	VIRT	A	0.01%
	ECG	C	0.01%
	U	C	0.01%
	AMED	F	0.01%
	MAN	F	0.01%
	SNRE	D	0.01%
	PAG	B	0.01%
	NSA	C	0.01%
	LLYVK	A	0.01%
	PK	C	0.01%
	NXST	C	0.01%
	IRDM	D	0.01%
	BROS	A	0.01%
	SPR	D	0.01%
	PENN	C	0.01%
	AMTM	D	0.01%
	SMG	C	0.01%
	LOPE	C	0.01%
	BHF	C	0.01%
	VAC	C	0.01%
	ZI	D	0.01%
	HUN	F	0.01%
	AM	A	0.01%
	MASI	B	0.01%
	ZG	A	0.01%
	ALNY	D	0.01%
	CPRT	B	0.01%
	PII	F	0.01%
	ACHC	F	0.01%
	FHB	B	0.01%
	CLF	F	0.01%
	UHAL	D	0.01%
	IAC	F	0.01%
	NVST	B	0.01%
	NWS	A	0.01%
	W	D	0.01%
	PRGO	C	0.01%
	VNOM	A	0.01%
	TNL	A	0.01%
	XRAY	F	0.01%
	CIVI	D	0.01%
	NWL	C	0.01%
	DNB	B	0.01%
	MDU	D	0.01%
	MSGS	A	0.01%
	RH	C	0.01%
	PLNT	A	0.01%
	CTAS	B	0.01%
	OLED	F	0.01%
	TYL	B	0.01%
	MSM	C	0.01%
	ASH	F	0.01%
	LOAR	B	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%
	GRAL	B	0.0%
	TXG	F	0.0%
	PLTK	B	0.0%
	DJT	C	0.0%
	CHH	A	0.0%
	SEB	F	0.0%
	UI	B	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%
	PYCR	B	0.0%
	FWONA	A	0.0%
	AS	A	0.0%
	CERT	F	0.0%
	DV	C	0.0%
	LBRDA	C	0.0%
	NCNO	C	0.0%

IWD Underweight 81 Positions Relative to VCSH

	Symbol	Grade	Weight
	V	A	-0.13%
	STLA	F	-0.07%
	COST	A	-0.06%
	KLAC	F	-0.06%
	VRSK	A	-0.05%
	ORCL	A	-0.05%
	WB	D	-0.04%
	MA	B	-0.04%
	ARCC	A	-0.04%
	GSK	F	-0.04%
	MRK	D	-0.04%
	AZN	F	-0.04%
	GOOGL	C	-0.04%
	AMZN	C	-0.04%
	MSFT	D	-0.04%
	JD	D	-0.03%
	CNO	B	-0.03%
	ADBE	C	-0.03%
	EPD	A	-0.03%
	MPLX	A	-0.03%
	AER	A	-0.03%
	AAPL	C	-0.03%
	SKT	A	-0.02%
	BKU	A	-0.02%
	CDNS	B	-0.02%
	GBDC	D	-0.02%
	HP	C	-0.02%
	INTU	B	-0.02%
	EQH	C	-0.02%
	SBRA	C	-0.02%
	TSLX	C	-0.02%
	WM	B	-0.02%
	BKH	A	-0.02%
	BABA	D	-0.02%
	AWH	F	-0.02%
	GSBD	F	-0.02%
	LLY	F	-0.02%
	OCSL	F	-0.02%
	LRCX	F	-0.02%
	MCO	B	-0.02%
	FLEX	B	-0.02%
	EXPE	B	-0.02%
	NXPI	D	-0.02%
	FSK	A	-0.02%
	WEST	C	-0.02%
	NVDA	B	-0.02%
	ET	A	-0.02%
	CM	A	-0.02%
	LVS	B	-0.02%
	RY	A	-0.02%
	TD	D	-0.02%
	VLY	B	-0.01%
	SLG	B	-0.01%
	BDN	C	-0.01%
	BCSF	C	-0.01%
	TME	D	-0.01%
	SITC	D	-0.01%
	TEL	B	-0.01%
	BHP	F	-0.01%
	CLX	A	-0.01%
	GP	F	-0.01%
	OGS	A	-0.01%
	PSEC	D	-0.01%
	SCCO	F	-0.01%
	ADSK	A	-0.01%
	MAIN	A	-0.01%
	LII	A	-0.01%
	PDM	D	-0.01%
	OPI	F	-0.01%
	CP	F	-0.01%
	BIDU	F	-0.01%
	AMT	C	-0.01%
	PAA	B	-0.01%
	BNS	A	-0.01%
	VOD	F	-0.01%
	DB	D	-0.01%
	AVGO	D	-0.01%
	BMO	A	-0.01%
	HSBC	A	-0.01%
	NWG	A	-0.01%
	MUFG	B	-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

VCSH: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Asset Management Banks - Regional - US Banks - Global Credit Services Diversified Industrials Drug Manufacturers - Major Semiconductors REIT - Office REIT - Retail Specialty Chemicals Business Services Utilities - Diversified Aerospace & Defense Capital Markets Diagnostics & Research Insurance - Life Oil & Gas Midstream Packaged Foods Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Natural Gas Bank Insurance Banking Electricity Dow Jones Component Real Estate Investment Trust Investment Bank Electronics Computing Insurance Products Cash Management Chemical Financial Products Aerospace Commercial Banking Semiconductor Disability