IWD vs. VIG ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Vanguard Div Appreciation ETF - DNQ (VIG)

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

VIG

Vanguard Div Appreciation ETF - DNQ

VIG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that have a record of increasing dividends over time. The fund employs an indexing investment approach designed to track the performance of the NASDAQ US Dividend Achievers Select Index, which consists of common stocks of companies that have a record of increasing dividends over time. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$202.36

Average Daily Volume

697,601

Number of Holdings ^*

336

* may have additional holdings in another (foreign) market

Performance

Period	IWD	VIG
30 Days	3.47%	1.92%
60 Days	4.83%	2.51%
90 Days	6.89%	4.98%
12 Months	29.46%	26.01%

214 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in VIG	Overlap
	ABBV	D	0.65%	1.94%	0.65%
	ABT	B	0.78%	1.06%	0.78%
	ACN	C	0.86%	1.16%	0.86%
	ADI	D	0.4%	0.6%	0.4%
	ADM	D	0.1%	0.14%	0.1%
	ADP	B	0.03%	0.64%	0.03%
	AES	F	0.04%	0.06%	0.04%
	AFG	A	0.04%	0.05%	0.04%
	AFL	B	0.24%	0.29%	0.24%
	AGCO	D	0.02%	0.03%	0.02%
	AGO	B	0.02%	0.02%	0.02%
	AIZ	A	0.04%	0.05%	0.04%
	AJG	B	0.23%	0.33%	0.23%
	AL	B	0.02%	0.02%	0.02%
	ALB	C	0.05%	0.06%	0.05%
	ALL	A	0.17%	0.26%	0.17%
	ALLE	D	0.05%	0.07%	0.05%
	AMGN	D	0.13%	0.93%	0.13%
	AMP	A	0.02%	0.27%	0.02%
	AON	A	0.29%	0.43%	0.29%
	AOS	F	0.03%	0.05%	0.03%
	APD	A	0.27%	0.37%	0.27%
	APH	A	0.14%	0.43%	0.14%
	ASH	D	0.01%	0.02%	0.01%
	ATO	A	0.08%	0.11%	0.08%
	ATR	B	0.04%	0.06%	0.04%
	AVT	C	0.02%	0.03%	0.02%
	AVY	D	0.04%	0.09%	0.04%
	AWK	D	0.1%	0.15%	0.1%
	AXS	A	0.03%	0.03%	0.03%
	BAC	A	1.23%	1.52%	1.23%
	BC	C	0.02%	0.03%	0.02%
	BDX	F	0.25%	0.36%	0.25%
	BK	A	0.22%	0.3%	0.22%
	BLK	C	0.6%	0.73%	0.6%
	BOKF	B	0.01%	0.01%	0.01%
	BR	A	0.01%	0.13%	0.01%
	BRO	B	0.06%	0.13%	0.06%
	CAH	B	0.05%	0.14%	0.05%
	CASY	A	0.05%	0.08%	0.05%
	CAT	B	0.63%	0.98%	0.63%
	CB	C	0.45%	0.57%	0.45%
	CBOE	B	0.08%	0.12%	0.08%
	CBSH	A	0.03%	0.04%	0.03%
	CDW	F	0.05%	0.14%	0.05%
	CE	F	0.02%	0.07%	0.02%
	CFR	B	0.03%	0.04%	0.03%
	CHD	B	0.1%	0.13%	0.1%
	CHE	D	0.03%	0.04%	0.03%
	CHRW	C	0.05%	0.06%	0.05%
	CINF	A	0.09%	0.12%	0.09%
	CL	D	0.13%	0.41%	0.13%
	CMCSA	B	0.64%	0.92%	0.64%
	CME	A	0.32%	0.44%	0.32%
	CMI	A	0.19%	0.24%	0.19%
	CMS	C	0.08%	0.11%	0.08%
	CSCO	B	0.91%	1.18%	0.91%
	CSL	C	0.07%	0.1%	0.07%
	CSX	B	0.27%	0.35%	0.27%
	CTAS	B	0.01%	0.38%	0.01%
	DCI	B	0.04%	0.05%	0.04%
	DDS	B	0.01%	0.01%	0.01%
	DFS	B	0.17%	0.2%	0.17%
	DGX	A	0.07%	0.09%	0.07%
	DHI	D	0.19%	0.27%	0.19%
	DHR	F	0.58%	0.85%	0.58%
	DOV	A	0.11%	0.14%	0.11%
	DOX	D	0.04%	0.05%	0.04%
	DPZ	C	0.04%	0.08%	0.04%
	DTE	C	0.1%	0.14%	0.1%
	ECL	D	0.03%	0.33%	0.03%
	ELV	F	0.3%	0.51%	0.3%
	EMN	D	0.05%	0.07%	0.05%
	EMR	A	0.28%	0.33%	0.28%
	ETN	A	0.56%	0.71%	0.56%
	EVR	B	0.04%	0.05%	0.04%
	EXPD	D	0.06%	0.09%	0.06%
	FAF	A	0.03%	0.04%	0.03%
	FAST	B	0.03%	0.24%	0.03%
	FDS	B	0.05%	0.09%	0.05%
	FITB	A	0.12%	0.16%	0.12%
	FLO	D	0.02%	0.02%	0.02%
	FNF	B	0.06%	0.08%	0.06%
	GD	F	0.31%	0.4%	0.31%
	GGG	B	0.06%	0.07%	0.06%
	GL	B	0.04%	0.05%	0.04%
	GLW	B	0.14%	0.2%	0.14%
	GPC	D	0.07%	0.09%	0.07%
	GS	A	0.53%	0.88%	0.53%
	GWW	B	0.03%	0.27%	0.03%
	HD	A	0.32%	2.11%	0.32%
	HIG	B	0.13%	0.18%	0.13%
	HII	D	0.03%	0.04%	0.03%
	HON	B	0.49%	0.72%	0.49%
	HPQ	A	0.11%	0.19%	0.11%
	HRL	D	0.03%	0.05%	0.03%
	HSY	F	0.08%	0.14%	0.08%
	HUBB	B	0.09%	0.12%	0.09%
	HUM	C	0.13%	0.17%	0.13%
	IBM	C	0.73%	1.02%	0.73%
	ICE	C	0.34%	0.48%	0.34%
	IDA	A	0.02%	0.03%	0.02%
	IEX	B	0.07%	0.09%	0.07%
	INGR	B	0.04%	0.05%	0.04%
	ITT	A	0.05%	0.06%	0.05%
	ITW	B	0.2%	0.38%	0.2%
	JBHT	C	0.06%	0.08%	0.06%
	JKHY	D	0.05%	0.07%	0.05%
	JNJ	D	1.45%	2.07%	1.45%
	JPM	A	2.74%	3.4%	2.74%
	KO	D	0.4%	1.36%	0.4%
	KR	B	0.15%	0.14%	0.14%
	LAD	A	0.04%	0.05%	0.04%
	LECO	B	0.03%	0.06%	0.03%
	LFUS	F	0.02%	0.03%	0.02%
	LHX	C	0.18%	0.25%	0.18%
	LIN	D	0.84%	1.18%	0.84%
	LMT	D	0.3%	0.64%	0.3%
	LNT	A	0.06%	0.08%	0.06%
	LOW	D	0.6%	0.81%	0.6%
	MAN	D	0.01%	0.02%	0.01%
	MAS	D	0.07%	0.1%	0.07%
	MCD	D	0.77%	1.13%	0.77%
	MCHP	F	0.13%	0.21%	0.13%
	MCK	B	0.17%	0.35%	0.17%
	MDLZ	F	0.34%	0.5%	0.34%
	MDT	D	0.44%	0.62%	0.44%
	MET	A	0.19%	0.25%	0.19%
	MKC	D	0.07%	0.11%	0.07%
	MKTX	D	0.04%	0.06%	0.04%
	MMC	B	0.37%	0.58%	0.37%
	MSA	D	0.02%	0.04%	0.02%
	MSI	B	0.16%	0.4%	0.16%
	NDAQ	A	0.13%	0.16%	0.13%
	NDSN	B	0.06%	0.07%	0.06%
	NEE	D	0.61%	0.88%	0.61%
	NFG	A	0.02%	0.03%	0.02%
	NKE	D	0.14%	0.5%	0.14%
	NOC	D	0.27%	0.38%	0.27%
	NUE	C	0.14%	0.18%	0.14%
	ORI	A	0.04%	0.04%	0.04%
	OSK	B	0.03%	0.04%	0.03%
	OZK	B	0.02%	0.02%	0.02%
	PAYX	C	0.11%	0.24%	0.11%
	PB	A	0.03%	0.04%	0.03%
	PEP	F	0.18%	1.23%	0.18%
	PFG	D	0.08%	0.09%	0.08%
	PG	A	1.21%	2.1%	1.21%
	PII	D	0.01%	0.02%	0.01%
	PKG	A	0.08%	0.11%	0.08%
	PNC	B	0.32%	0.4%	0.32%
	PNR	A	0.07%	0.09%	0.07%
	PPG	F	0.11%	0.16%	0.11%
	PRGO	B	0.01%	0.02%	0.01%
	PRI	A	0.04%	0.05%	0.04%
	PSX	C	0.21%	0.28%	0.21%
	QCOM	F	0.04%	0.97%	0.04%
	R	B	0.03%	0.03%	0.03%
	RGA	A	0.06%	0.07%	0.06%
	RGLD	C	0.04%	0.05%	0.04%
	RHI	B	0.03%	0.04%	0.03%
	RJF	A	0.12%	0.15%	0.12%
	RLI	B	0.03%	0.04%	0.03%
	RMD	C	0.1%	0.19%	0.1%
	RNR	C	0.05%	0.07%	0.05%
	ROK	B	0.12%	0.16%	0.12%
	ROP	B	0.23%	0.31%	0.23%
	RPM	A	0.05%	0.09%	0.05%
	RRX	B	0.04%	0.06%	0.04%
	RS	B	0.07%	0.08%	0.07%
	RSG	A	0.17%	0.22%	0.17%
	SBUX	A	0.1%	0.6%	0.1%
	SCI	B	0.05%	0.06%	0.05%
	SEIC	B	0.03%	0.04%	0.03%
	SHW	A	0.03%	0.45%	0.03%
	SJM	D	0.04%	0.06%	0.04%
	SLGN	A	0.02%	0.02%	0.02%
	SNA	A	0.07%	0.09%	0.07%
	SON	D	0.02%	0.03%	0.02%
	SPGI	C	0.61%	0.83%	0.61%
	SRE	A	0.23%	0.28%	0.23%
	SSD	D	0.03%	0.04%	0.03%
	STE	F	0.08%	0.12%	0.08%
	STLD	B	0.08%	0.1%	0.08%
	STT	A	0.11%	0.15%	0.11%
	SWK	D	0.05%	0.08%	0.05%
	SYK	C	0.39%	0.66%	0.39%
	SYY	B	0.06%	0.2%	0.06%
	TGT	F	0.27%	0.37%	0.27%
	THG	A	0.02%	0.03%	0.02%
	THO	B	0.02%	0.03%	0.02%
	TKR	D	0.02%	0.03%	0.02%
	TRV	B	0.23%	0.3%	0.23%
	TSN	B	0.07%	0.09%	0.07%
	TTC	D	0.03%	0.04%	0.03%
	TXN	C	0.63%	1.0%	0.63%
	UNH	C	1.98%	2.8%	1.98%
	UNM	A	0.05%	0.06%	0.05%
	UNP	C	0.29%	0.76%	0.29%
	VLTO	D	0.05%	0.14%	0.05%
	VMC	B	0.11%	0.19%	0.11%
	WLK	D	0.02%	0.02%	0.02%
	WMT	A	1.42%	1.91%	1.42%
	WRB	A	0.07%	0.09%	0.07%
	WSM	B	0.03%	0.09%	0.03%
	WSO	A	0.07%	0.1%	0.07%
	WST	C	0.04%	0.12%	0.04%
	WTFC	A	0.03%	0.04%	0.03%
	WTRG	B	0.04%	0.05%	0.04%
	XEL	A	0.15%	0.2%	0.15%
	XOM	B	2.08%	2.82%	2.08%
	XYL	D	0.11%	0.16%	0.11%
	ZION	B	0.03%	0.04%	0.03%
	ZTS	D	0.05%	0.44%	0.05%

IWD Overweight 651 Positions Relative to VIG

	Symbol	Grade	Weight
	BRK.A	B	3.35%
	CVX	A	1.08%
	WFC	A	1.01%
	DIS	B	0.82%
	PM	B	0.78%
	TMO	F	0.76%
	VZ	C	0.68%
	T	A	0.63%
	RTX	C	0.61%
	GE	D	0.59%
	MS	A	0.57%
	PFE	D	0.55%
	COP	C	0.51%
	C	A	0.51%
	BSX	B	0.5%
	TMUS	B	0.44%
	BMY	B	0.44%
	GILD	C	0.43%
	SCHW	B	0.42%
	PLD	D	0.41%
	MU	D	0.41%
	INTC	D	0.4%
	DE	A	0.39%
	AXP	A	0.39%
	UPS	C	0.38%
	MO	A	0.37%
	SO	D	0.37%
	PH	A	0.35%
	GEV	B	0.35%
	DUK	C	0.34%
	PYPL	B	0.34%
	CI	F	0.32%
	WELL	A	0.32%
	FI	A	0.32%
	EQIX	A	0.31%
	BA	F	0.31%
	EOG	A	0.3%
	USB	A	0.3%
	AMD	F	0.29%
	KKR	A	0.28%
	REGN	F	0.28%
	WMB	A	0.27%
	MRVL	B	0.27%
	COF	B	0.27%
	FDX	B	0.26%
	CVS	D	0.26%
	CRH	A	0.26%
	GM	B	0.25%
	MAR	B	0.25%
	OKE	A	0.25%
	TT	A	0.24%
	FCX	D	0.24%
	SLB	C	0.24%
	TFC	A	0.24%
	CARR	D	0.24%
	DLR	B	0.23%
	MMM	D	0.23%
	NSC	B	0.23%
	CEG	D	0.23%
	VRTX	F	0.23%
	MPC	D	0.22%
	TJX	A	0.22%
	JCI	C	0.22%
	PCAR	B	0.22%
	KMI	A	0.21%
	TDG	D	0.21%
	AEP	D	0.2%
	D	C	0.19%
	HCA	F	0.19%
	AIG	B	0.19%
	O	D	0.19%
	FIS	C	0.19%
	MSTR	C	0.19%
	PSA	D	0.18%
	CCI	D	0.18%
	KVUE	A	0.18%
	PRU	A	0.18%
	CRM	B	0.18%
	NEM	D	0.18%
	HWM	A	0.17%
	BKR	B	0.17%
	EA	A	0.17%
	F	C	0.17%
	SPG	B	0.17%
	PEG	A	0.17%
	AME	A	0.17%
	VLO	C	0.17%
	PCG	A	0.17%
	CBRE	B	0.16%
	OTIS	C	0.16%
	LEN	D	0.16%
	IR	B	0.16%
	DAL	C	0.16%
	URI	B	0.16%
	A	D	0.15%
	FERG	B	0.15%
	STZ	D	0.15%
	CTSH	B	0.15%
	CTVA	C	0.15%
	EXC	C	0.15%
	GIS	D	0.14%
	KDP	D	0.14%
	MTB	A	0.14%
	ROST	C	0.14%
	RCL	A	0.14%
	CHTR	C	0.14%
	ACGL	D	0.14%
	GRMN	B	0.13%
	AVB	B	0.13%
	PWR	A	0.13%
	EW	C	0.13%
	VICI	C	0.13%
	OXY	D	0.13%
	FANG	D	0.13%
	ED	D	0.13%
	GEHC	F	0.13%
	MLM	B	0.13%
	WAB	B	0.13%
	DD	D	0.13%
	EXR	D	0.13%
	GPN	B	0.12%
	HLT	A	0.12%
	UAL	A	0.12%
	CNC	D	0.12%
	DELL	C	0.12%
	TTWO	A	0.12%
	IQV	D	0.12%
	WEC	A	0.12%
	DOW	F	0.12%
	EBAY	D	0.12%
	ETR	B	0.12%
	EIX	B	0.12%
	WTW	B	0.12%
	SQ	A	0.11%
	HPE	B	0.11%
	KHC	F	0.11%
	EQR	B	0.11%
	ON	D	0.11%
	CSGP	D	0.11%
	ANSS	B	0.11%
	PPL	B	0.1%
	MTD	D	0.1%
	HBAN	A	0.1%
	SYF	B	0.1%
	VTR	C	0.1%
	NVR	D	0.1%
	KEYS	A	0.1%
	TROW	B	0.1%
	HAL	C	0.1%
	FTV	C	0.1%
	FCNCA	A	0.1%
	KMB	D	0.1%
	PHM	D	0.1%
	SW	A	0.1%
	IFF	D	0.09%
	WBD	C	0.09%
	WY	D	0.09%
	ZBH	C	0.09%
	YUM	B	0.09%
	BIIB	F	0.09%
	PGR	A	0.09%
	EQT	B	0.09%
	SBAC	D	0.09%
	LNG	B	0.09%
	FE	C	0.09%
	DVN	F	0.09%
	RF	A	0.09%
	AEE	A	0.09%
	CCL	B	0.09%
	EFX	F	0.09%
	COO	D	0.08%
	LUV	C	0.08%
	CNP	B	0.08%
	LH	C	0.08%
	BBY	D	0.08%
	IP	B	0.08%
	FSLR	F	0.08%
	WDC	D	0.08%
	INVH	D	0.08%
	CFG	B	0.08%
	K	A	0.08%
	ZM	B	0.08%
	NTRS	A	0.08%
	HOOD	B	0.08%
	ILMN	D	0.08%
	LYB	F	0.08%
	EXE	B	0.08%
	APO	B	0.08%
	LDOS	C	0.08%
	ES	D	0.08%
	TDY	B	0.08%
	MKL	A	0.07%
	OC	A	0.07%
	CVNA	B	0.07%
	TRMB	B	0.07%
	J	F	0.07%
	TRU	D	0.07%
	KEY	B	0.07%
	HOLX	D	0.07%
	ARE	D	0.07%
	MAA	B	0.07%
	OMC	C	0.07%
	BALL	D	0.07%
	CTRA	B	0.07%
	IBKR	A	0.07%
	MSCI	C	0.07%
	BLDR	D	0.07%
	ESS	B	0.07%
	EVRG	A	0.06%
	EWBC	A	0.06%
	VRSN	F	0.06%
	HES	B	0.06%
	APTV	D	0.06%
	IRM	D	0.06%
	ACM	B	0.06%
	UDR	B	0.06%
	DOC	D	0.06%
	THC	D	0.06%
	AMCR	D	0.06%
	USFD	A	0.06%
	L	A	0.06%
	VTRS	A	0.06%
	SUI	D	0.06%
	ZBRA	B	0.06%
	TOL	B	0.06%
	SSNC	B	0.06%
	UTHR	C	0.06%
	CF	B	0.06%
	TXT	D	0.06%
	MRO	B	0.06%
	GEN	B	0.06%
	BAX	D	0.06%
	KIM	A	0.06%
	NI	A	0.06%
	DG	F	0.06%
	Z	A	0.05%
	UHS	D	0.05%
	SOFI	A	0.05%
	MRNA	F	0.05%
	JNPR	F	0.05%
	BMRN	D	0.05%
	NVT	B	0.05%
	HST	C	0.05%
	NTNX	A	0.05%
	WPC	D	0.05%
	FTI	A	0.05%
	BXP	D	0.05%
	EPAM	C	0.05%
	CPT	B	0.05%
	COHR	B	0.05%
	CLH	B	0.05%
	AMH	D	0.05%
	CAG	D	0.05%
	BG	F	0.05%
	GLPI	C	0.05%
	DLTR	F	0.05%
	JBL	B	0.05%
	ELS	C	0.05%
	TPR	B	0.05%
	AFRM	A	0.05%
	AKAM	D	0.05%
	TWLO	A	0.05%
	NTAP	C	0.05%
	EG	C	0.05%
	SWKS	F	0.05%
	RVTY	F	0.05%
	REG	B	0.05%
	CW	B	0.05%
	FFIV	B	0.05%
	EME	C	0.05%
	AVTR	F	0.05%
	TW	A	0.04%
	GMED	A	0.04%
	TFX	F	0.04%
	REXR	F	0.04%
	CMA	A	0.04%
	BWXT	B	0.04%
	FBIN	D	0.04%
	JEF	A	0.04%
	SOLV	C	0.04%
	DRI	B	0.04%
	PNFP	B	0.04%
	EL	F	0.04%
	BRBR	A	0.04%
	FRT	B	0.04%
	CNH	C	0.04%
	CRL	C	0.04%
	COIN	C	0.04%
	CIEN	B	0.04%
	DTM	B	0.04%
	WAL	B	0.04%
	ARMK	B	0.04%
	EHC	B	0.04%
	NLY	C	0.04%
	OHI	C	0.04%
	GME	C	0.04%
	RPRX	D	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%
	BKNG	A	0.04%
	TECH	D	0.04%
	PNW	B	0.04%
	FOXA	B	0.04%
	CCK	C	0.04%
	CTLT	B	0.04%
	CUBE	D	0.04%
	FWONK	B	0.04%
	NWSA	B	0.04%
	FTNT	C	0.04%
	PFGC	B	0.04%
	TAP	C	0.04%
	CG	A	0.04%
	AA	B	0.04%
	FHN	A	0.04%
	NRG	B	0.04%
	AMAT	F	0.04%
	INCY	C	0.04%
	KMX	B	0.04%
	SF	B	0.04%
	BJ	A	0.04%
	OVV	B	0.04%
	COLB	A	0.03%
	MTG	C	0.03%
	CGNX	C	0.03%
	IVZ	B	0.03%
	LSTR	D	0.03%
	BILL	A	0.03%
	OKTA	C	0.03%
	STAG	F	0.03%
	AZPN	A	0.03%
	WEX	D	0.03%
	HR	C	0.03%
	DINO	D	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%
	FR	D	0.03%
	ATI	D	0.03%
	ALGN	F	0.03%
	GNTX	C	0.03%
	ELAN	D	0.03%
	ESAB	B	0.03%
	VFC	C	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%
	ROKU	D	0.03%
	DASH	A	0.03%
	MNST	C	0.03%
	JAZZ	B	0.03%
	ADC	B	0.03%
	KEX	C	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%
	TKO	B	0.03%
	APG	B	0.03%
	APA	D	0.03%
	LAMR	D	0.03%
	WAT	B	0.03%
	RIVN	F	0.03%
	VOYA	B	0.03%
	CPB	D	0.03%
	FICO	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%
	OGE	B	0.03%
	FYBR	D	0.03%
	WYNN	D	0.03%
	GWRE	A	0.03%
	ALLY	C	0.03%
	BRX	A	0.03%
	TTEK	F	0.03%
	AAL	B	0.03%
	MGM	D	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%
	PTC	A	0.03%
	OGN	D	0.02%
	LINE	F	0.02%
	SITE	D	0.02%
	HOG	D	0.02%
	TPG	A	0.02%
	GTES	A	0.02%
	PAYC	B	0.02%
	GFS	C	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%
	PSN	D	0.02%
	WSC	D	0.02%
	EEFT	B	0.02%
	DBX	B	0.02%
	KRC	C	0.02%
	CUZ	B	0.02%
	AZO	C	0.02%
	ST	F	0.02%
	FRPT	B	0.02%
	CROX	D	0.02%
	ROIV	C	0.02%
	OLN	D	0.02%
	WTM	A	0.02%
	HXL	D	0.02%
	BYD	C	0.02%
	UGI	A	0.02%
	BFAM	D	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%
	ORLY	B	0.02%
	RITM	C	0.02%
	OLLI	D	0.02%
	DOCS	C	0.02%
	PVH	C	0.02%
	FOX	A	0.02%
	H	B	0.02%
	WMS	D	0.02%
	JHG	A	0.02%
	SAIA	B	0.02%
	AMG	B	0.02%
	ONTO	D	0.02%
	LNC	B	0.02%
	FNB	A	0.02%
	VNT	B	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%
	SIRI	C	0.02%
	MOH	F	0.02%
	KD	B	0.02%
	MAT	D	0.02%
	PARA	C	0.02%
	LLYVA	A	0.01%
	SNDR	B	0.01%
	TRIP	F	0.01%
	REYN	D	0.01%
	TER	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%
	LEN	D	0.01%
	CNXC	F	0.01%
	VSTS	C	0.01%
	CRI	D	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%
	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%
	ULTA	F	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%
	AGR	B	0.01%
	MPW	F	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%
	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%
	ALNY	D	0.01%
	CPRT	A	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%
	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%
	TYL	C	0.01%
	MSM	C	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 122 Positions Relative to VIG

	Symbol	Grade	Weight
	AAPL	C	-4.74%
	AVGO	D	-4.24%
	MSFT	F	-3.62%
	V	A	-2.5%
	MA	C	-2.23%
	COST	B	-2.08%
	ORCL	B	-1.44%
	MRK	F	-1.39%
	INTU	C	-0.92%
	KLAC	D	-0.48%
	WM	A	-0.42%
	MCO	B	-0.38%
	COR	B	-0.22%
	TSCO	D	-0.15%
	BAH	F	-0.13%
	TPL	A	-0.12%
	CLX	B	-0.11%
	LII	A	-0.1%
	HEI	B	-0.08%
	RBA	A	-0.08%
	POOL	C	-0.07%
	FIX	A	-0.07%
	CHDN	B	-0.06%
	ERIE	D	-0.06%
	ENSG	D	-0.05%
	AIT	A	-0.05%
	MORN	B	-0.05%
	HEI	B	-0.05%
	UFPI	B	-0.04%
	SSB	B	-0.04%
	FFIN	B	-0.03%
	EXPO	D	-0.03%
	UMBF	B	-0.03%
	GATX	A	-0.03%
	HOMB	A	-0.03%
	MATX	C	-0.03%
	WTS	B	-0.03%
	BCPC	B	-0.03%
	SIGI	C	-0.03%
	BMI	B	-0.03%
	CBT	C	-0.03%
	CADE	B	-0.03%
	NSP	D	-0.02%
	MGRC	B	-0.02%
	WSFS	A	-0.02%
	GHC	C	-0.02%
	CWT	D	-0.02%
	AWR	B	-0.02%
	CBU	B	-0.02%
	BRC	D	-0.02%
	MGEE	C	-0.02%
	OTTR	C	-0.02%
	IBOC	A	-0.02%
	LANC	C	-0.02%
	AUB	B	-0.02%
	POWI	D	-0.02%
	ABM	B	-0.02%
	WDFC	B	-0.02%
	CNO	A	-0.02%
	FELE	B	-0.02%
	KAI	A	-0.02%
	FUL	F	-0.02%
	AVNT	B	-0.02%
	NJR	A	-0.02%
	SRCE	B	-0.01%
	AMSF	B	-0.01%
	MSEX	B	-0.01%
	WOR	F	-0.01%
	GABC	B	-0.01%
	LNN	B	-0.01%
	WS	B	-0.01%
	CSGS	B	-0.01%
	WABC	B	-0.01%
	NHC	C	-0.01%
	TCBK	B	-0.01%
	ANDE	D	-0.01%
	SCL	C	-0.01%
	HMN	B	-0.01%
	CABO	C	-0.01%
	SJW	D	-0.01%
	APOG	B	-0.01%
	LKFN	B	-0.01%
	TNC	D	-0.01%
	AGM	C	-0.01%
	CHCO	B	-0.01%
	SYBT	B	-0.01%
	LMAT	A	-0.01%
	HI	C	-0.01%
	HWKN	B	-0.01%
	WLY	B	-0.01%
	KWR	C	-0.01%
	NBTB	B	-0.01%
	BANF	B	-0.01%
	MTRN	C	-0.01%
	SXI	B	-0.01%
	FRME	B	-0.01%
	TOWN	B	-0.01%
	HNI	B	-0.01%
	JJSF	B	-0.01%
	CPK	A	-0.01%
	CNS	B	-0.01%
	IOSP	B	-0.01%
	INDB	B	-0.01%
	GFF	A	-0.01%
	JOUT	D	-0.0%
	HVT	D	-0.0%
	ARTNA	D	-0.0%
	HIFS	B	-0.0%
	TR	B	-0.0%
	GSBC	B	-0.0%
	YORW	D	-0.0%
	CASS	B	-0.0%
	SMBC	B	-0.0%
	SCVL	F	-0.0%
	FMBH	B	-0.0%
	FCBC	B	-0.0%
	HY	D	-0.0%
	SPTN	D	-0.0%
	MATW	C	-0.0%
	GRC	A	-0.0%
	EMBC	C	-0.0%
	MNRO	D	-0.0%

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

VIG: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Specialty Chemicals Business Services Insurance - Property & Casualty Utilities - Regulated Water Capital Markets Insurance - Life Packaged Foods Asset Management Semiconductors Tools & Accessories Utilities - Regulated Electric Aerospace & Defense Insurance Brokers Medical Instruments & Supplies Steel Building Materials Chemicals Credit Services

Keywords: S&P 500 Bank Insurance Banking Chemical Nasdaq 100 Electronics Mining Insurance Products Dow Jones Component Natural Gas Plastic Aerospace Beverage Commercial Banking Disability Deposit Products Oil And Gas Adhesives Electricity