IWD vs. VYM ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Vanguard High Dividend Yield ETF - DNQ (VYM)

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

$189.35

Average Daily Volume

1,603,403

Number of Holdings ^*

863

* may have additional holdings in another (foreign) market

VYM

Vanguard High Dividend Yield ETF - DNQ

VYM Description

The investment seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that are characterized by high dividend yield. The fund employs an indexing investment approach designed to track the performance of the FTSE® High Dividend Yield Index, which consists of common stocks of companies that pay dividends that generally are higher than average. 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

$128.15

Average Daily Volume

783,431

Number of Holdings ^*

538

* may have additional holdings in another (foreign) market

Performance

Period	IWD	VYM
30 Days	1.94%	1.74%
60 Days	4.15%	3.50%
90 Days	7.10%	6.31%
12 Months	21.16%	21.62%

333 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in VYM	Overlap
	AAP	F	0.01%	0.02%	0.01%
	ABBV	C	0.79%	1.98%	0.79%
	ABT	C	0.82%	1.12%	0.82%
	ACI	F	0.03%	0.05%	0.03%
	ADI	D	0.45%	0.66%	0.45%
	ADM	D	0.12%	0.17%	0.12%
	ADP	B	0.03%	0.65%	0.03%
	AEE	B	0.09%	0.12%	0.09%
	AEP	B	0.22%	0.3%	0.22%
	AES	C	0.05%	0.07%	0.05%
	AFG	B	0.04%	0.05%	0.04%
	AFL	B	0.25%	0.36%	0.25%
	AGCO	D	0.02%	0.03%	0.02%
	AGO	C	0.02%	0.02%	0.02%
	AGR	B	0.01%	0.01%	0.01%
	AIG	D	0.2%	0.3%	0.2%
	AIZ	B	0.04%	0.06%	0.04%
	AL	D	0.02%	0.03%	0.02%
	ALL	A	0.17%	0.28%	0.17%
	ALLY	F	0.03%	0.07%	0.03%
	AM	B	0.01%	0.03%	0.01%
	AMGN	B	0.16%	1.02%	0.16%
	AMP	B	0.02%	0.26%	0.02%
	APA	F	0.04%	0.06%	0.04%
	APD	B	0.26%	0.35%	0.26%
	APO	C	0.06%	0.34%	0.06%
	ATO	B	0.08%	0.11%	0.08%
	AVT	D	0.02%	0.03%	0.02%
	AWK	A	0.12%	0.16%	0.12%
	AXS	B	0.02%	0.04%	0.02%
	BAC	D	1.06%	1.58%	1.06%
	BAX	C	0.08%	0.11%	0.08%
	BBWI	F	0.02%	0.04%	0.02%
	BBY	B	0.09%	0.12%	0.09%
	BC	C	0.02%	0.03%	0.02%
	BEN	F	0.02%	0.03%	0.02%
	BERY	B	0.03%	0.05%	0.03%
	BG	D	0.06%	0.08%	0.06%
	BK	A	0.21%	0.29%	0.21%
	BKR	D	0.13%	0.2%	0.13%
	BLK	A	0.53%	0.76%	0.53%
	BMY	C	0.4%	0.58%	0.4%
	BOKF	B	0.01%	0.01%	0.01%
	BPOP	C	0.03%	0.04%	0.03%
	C	D	0.45%	0.68%	0.45%
	CACC	D	0.0%	0.02%	0.0%
	CAG	B	0.06%	0.08%	0.06%
	CAH	C	0.05%	0.16%	0.05%
	CAT	C	0.59%	0.99%	0.59%
	CB	B	0.47%	0.66%	0.47%
	CBSH	C	0.03%	0.04%	0.03%
	CC	F	0.01%	0.02%	0.01%
	CE	D	0.04%	0.07%	0.04%
	CF	B	0.06%	0.09%	0.06%
	CFG	D	0.07%	0.11%	0.07%
	CFR	C	0.03%	0.04%	0.03%
	CG	C	0.04%	0.05%	0.04%
	CHK	D	0.04%	0.06%	0.04%
	CHRD	F	0.03%	0.05%	0.03%
	CHRW	B	0.05%	0.07%	0.05%
	CI	C	0.37%	0.57%	0.37%
	CINF	B	0.08%	0.12%	0.08%
	CIVI	F	0.02%	0.03%	0.02%
	CL	C	0.16%	0.49%	0.16%
	CMA	B	0.03%	0.04%	0.03%
	CMCSA	D	0.62%	0.88%	0.62%
	CMI	C	0.17%	0.24%	0.17%
	CMS	A	0.08%	0.11%	0.08%
	CNA	C	0.0%	0.01%	0.0%
	CNH	C	0.04%	0.05%	0.04%
	CNP	C	0.07%	0.1%	0.07%
	COLB	B	0.02%	0.03%	0.02%
	COP	D	0.49%	0.76%	0.49%
	CPB	B	0.04%	0.05%	0.04%
	CRI	C	0.01%	0.01%	0.01%
	CSCO	B	0.82%	1.17%	0.82%
	CTRA	F	0.07%	0.1%	0.07%
	CVS	D	0.3%	0.41%	0.3%
	CVX	D	0.98%	1.41%	0.98%
	CWEN	B	0.0%	0.01%	0.0%
	CWEN	B	0.01%	0.01%	0.01%
	CWEN	B	0.01%	0.01%	0.01%
	CWEN	B	0.0%	0.01%	0.0%
	D	C	0.2%	0.27%	0.2%
	DD	B	0.14%	0.2%	0.14%
	DDS	D	0.0%	0.01%	0.0%
	DFS	C	0.13%	0.2%	0.13%
	DGX	B	0.07%	0.1%	0.07%
	DINO	D	0.03%	0.05%	0.03%
	DKS	D	0.05%	0.08%	0.05%
	DNB	C	0.01%	0.02%	0.01%
	DOW	D	0.14%	0.21%	0.14%
	DOX	C	0.04%	0.06%	0.04%
	DRI	C	0.04%	0.11%	0.04%
	DTE	B	0.11%	0.15%	0.11%
	DTM	B	0.03%	0.04%	0.03%
	DUK	C	0.37%	0.5%	0.37%
	DVN	F	0.1%	0.16%	0.1%
	EBAY	B	0.13%	0.17%	0.13%
	ED	C	0.15%	0.2%	0.15%
	EG	B	0.06%	0.1%	0.06%
	EIX	C	0.13%	0.19%	0.13%
	EL	F	0.05%	0.12%	0.05%
	EMN	B	0.05%	0.07%	0.05%
	EMR	D	0.24%	0.34%	0.24%
	EOG	D	0.28%	0.42%	0.28%
	EQT	D	0.07%	0.11%	0.07%
	ES	C	0.1%	0.14%	0.1%
	ETN	C	0.49%	0.7%	0.49%
	ETR	A	0.11%	0.15%	0.11%
	EVR	B	0.03%	0.05%	0.03%
	EVRG	A	0.05%	0.07%	0.05%
	EWBC	C	0.04%	0.07%	0.04%
	EXC	B	0.16%	0.22%	0.16%
	F	D	0.17%	0.25%	0.17%
	FAF	B	0.03%	0.04%	0.03%
	FANG	D	0.12%	0.2%	0.12%
	FAST	C	0.03%	0.22%	0.03%
	FDX	C	0.26%	0.39%	0.26%
	FE	C	0.1%	0.14%	0.1%
	FHB	C	0.01%	0.02%	0.01%
	FHN	D	0.04%	0.05%	0.04%
	FIS	B	0.19%	0.26%	0.19%
	FITB	B	0.12%	0.17%	0.12%
	FLO	C	0.02%	0.02%	0.02%
	FLS	D	0.02%	0.04%	0.02%
	FMC	C	0.03%	0.05%	0.03%
	FNB	D	0.02%	0.03%	0.02%
	FNF	A	0.06%	0.09%	0.06%
	FOX	B	0.02%	0.03%	0.02%
	FOXA	B	0.04%	0.06%	0.04%
	GAP	F	0.02%	0.03%	0.02%
	GD	B	0.34%	0.47%	0.34%
	GILD	B	0.42%	0.56%	0.42%
	GIS	B	0.17%	0.23%	0.17%
	GLW	B	0.13%	0.18%	0.13%
	GPC	D	0.08%	0.11%	0.08%
	GRMN	D	0.11%	0.16%	0.11%
	GS	D	0.45%	0.92%	0.45%
	HAL	F	0.1%	0.16%	0.1%
	HAS	B	0.0%	0.05%	0.0%
	HBAN	B	0.08%	0.12%	0.08%
	HD	B	0.31%	2.08%	0.31%
	HIG	A	0.14%	0.2%	0.14%
	HII	C	0.04%	0.06%	0.04%
	HLI	B	0.03%	0.05%	0.03%
	HOG	C	0.02%	0.03%	0.02%
	HON	D	0.46%	0.77%	0.46%
	HPE	D	0.09%	0.14%	0.09%
	HPQ	D	0.1%	0.2%	0.1%
	HRB	C	0.03%	0.05%	0.03%
	HRL	C	0.04%	0.05%	0.04%
	HSY	C	0.1%	0.16%	0.1%
	HUBB	B	0.09%	0.12%	0.09%
	HUN	D	0.01%	0.02%	0.01%
	IBM	B	0.8%	0.97%	0.8%
	IDA	B	0.02%	0.03%	0.02%
	IFF	B	0.11%	0.15%	0.11%
	INGR	A	0.04%	0.05%	0.04%
	INTC	F	0.34%	0.54%	0.34%
	IP	B	0.07%	0.1%	0.07%
	IPG	C	0.05%	0.07%	0.05%
	IRDM	D	0.01%	0.02%	0.01%
	ITW	B	0.19%	0.43%	0.19%
	IVZ	C	0.02%	0.04%	0.02%
	JCI	B	0.2%	0.28%	0.2%
	JEF	B	0.03%	0.06%	0.03%
	JHG	B	0.02%	0.03%	0.02%
	JNJ	B	1.62%	2.28%	1.62%
	JNPR	A	0.05%	0.07%	0.05%
	JPM	D	2.37%	3.67%	2.37%
	JWN	B	0.01%	0.01%	0.01%
	K	A	0.09%	0.12%	0.09%
	KDP	A	0.16%	0.22%	0.16%
	KEY	B	0.06%	0.09%	0.06%
	KHC	C	0.13%	0.18%	0.13%
	KMB	D	0.12%	0.28%	0.12%
	KMI	A	0.17%	0.24%	0.17%
	KMPR	D	0.01%	0.02%	0.01%
	KO	B	0.48%	1.6%	0.48%
	KR	B	0.15%	0.2%	0.15%
	KSS	F	0.01%	0.01%	0.01%
	LEA	D	0.02%	0.04%	0.02%
	LEG	D	0.01%	0.01%	0.01%
	LHX	D	0.18%	0.25%	0.18%
	LKQ	D	0.04%	0.06%	0.04%
	LMT	C	0.33%	0.69%	0.33%
	LNC	D	0.02%	0.03%	0.02%
	LNT	A	0.06%	0.09%	0.06%
	LOW	B	0.59%	0.81%	0.59%
	LUV	C	0.07%	0.1%	0.07%
	LYB	F	0.1%	0.15%	0.1%
	M	F	0.02%	0.02%	0.02%
	MAN	C	0.01%	0.02%	0.01%
	MCD	C	0.81%	1.19%	0.81%
	MCHP	D	0.17%	0.25%	0.17%
	MDLZ	B	0.41%	0.55%	0.41%
	MDT	C	0.48%	0.67%	0.48%
	MDU	B	0.02%	0.03%	0.02%
	MET	A	0.18%	0.26%	0.18%
	MKC	B	0.09%	0.11%	0.09%
	MMM	B	0.24%	0.42%	0.24%
	MO	C	0.37%	0.53%	0.37%
	MOS	F	0.03%	0.05%	0.03%
	MPC	D	0.23%	0.36%	0.23%
	MRO	D	0.06%	0.09%	0.06%
	MS	D	0.43%	0.69%	0.43%
	MSM	D	0.01%	0.02%	0.01%
	MTB	B	0.11%	0.16%	0.11%
	MTG	B	0.03%	0.04%	0.03%
	MTN	D	0.0%	0.04%	0.0%
	NEE	B	0.7%	0.94%	0.7%
	NEM	B	0.25%	0.35%	0.25%
	NFE	F	0.0%	0.0%	0.0%
	NFG	B	0.02%	0.03%	0.02%
	NI	B	0.06%	0.08%	0.06%
	NRG	C	0.04%	0.1%	0.04%
	NSC	C	0.22%	0.33%	0.22%
	NTAP	D	0.05%	0.14%	0.05%
	NTRS	B	0.07%	0.11%	0.07%
	NVT	D	0.04%	0.06%	0.04%
	NWL	D	0.01%	0.02%	0.01%
	NXST	D	0.01%	0.03%	0.01%
	OGE	B	0.03%	0.04%	0.03%
	OGN	D	0.02%	0.03%	0.02%
	OKE	B	0.22%	0.31%	0.22%
	OMC	A	0.08%	0.11%	0.08%
	OMF	C	0.02%	0.03%	0.02%
	ORI	A	0.04%	0.05%	0.04%
	OSK	D	0.03%	0.04%	0.03%
	OVV	D	0.04%	0.07%	0.04%
	OZK	D	0.02%	0.03%	0.02%
	PAG	D	0.01%	0.02%	0.01%
	PARA	F	0.03%	0.03%	0.03%
	PAYX	C	0.11%	0.24%	0.11%
	PB	B	0.03%	0.04%	0.03%
	PCAR	D	0.2%	0.28%	0.2%
	PEG	B	0.17%	0.23%	0.17%
	PEP	C	0.21%	1.35%	0.21%
	PFE	C	0.67%	0.94%	0.67%
	PFG	B	0.08%	0.11%	0.08%
	PG	C	1.29%	2.31%	1.29%
	PGR	A	0.1%	0.84%	0.1%
	PII	D	0.02%	0.03%	0.02%
	PINC	C	0.01%	0.01%	0.01%
	PKG	B	0.08%	0.11%	0.08%
	PM	C	0.79%	1.09%	0.79%
	PNC	B	0.29%	0.42%	0.29%
	PNW	B	0.04%	0.06%	0.04%
	PPG	C	0.12%	0.17%	0.12%
	PPL	C	0.1%	0.13%	0.1%
	PR	D	0.03%	0.05%	0.03%
	PRGO	D	0.02%	0.02%	0.02%
	PRU	C	0.17%	0.25%	0.17%
	PSX	D	0.22%	0.34%	0.22%
	QCOM	D	0.05%	1.12%	0.05%
	R	B	0.02%	0.04%	0.02%
	REYN	C	0.01%	0.01%	0.01%
	RF	B	0.08%	0.12%	0.08%
	RGA	B	0.06%	0.08%	0.06%
	RHI	D	0.03%	0.04%	0.03%
	RL	B	0.03%	0.04%	0.03%
	RLI	B	0.02%	0.04%	0.02%
	ROK	D	0.11%	0.18%	0.11%
	RPM	B	0.05%	0.08%	0.05%
	RPRX	C	0.04%	0.06%	0.04%
	RRC	D	0.03%	0.04%	0.03%
	RS	D	0.06%	0.09%	0.06%
	RTX	C	0.64%	0.93%	0.64%
	SBUX	C	0.1%	0.61%	0.1%
	SEE	D	0.01%	0.03%	0.01%
	SF	A	0.03%	0.05%	0.03%
	SIRI	C	0.02%	0.0%	0.0%
	SJM	C	0.05%	0.07%	0.05%
	SLB	F	0.23%	0.36%	0.23%
	SLM	C	0.02%	0.03%	0.02%
	SMG	C	0.01%	0.02%	0.01%
	SNA	B	0.06%	0.08%	0.06%
	SNV	C	0.03%	0.04%	0.03%
	SO	B	0.4%	0.54%	0.4%
	SON	C	0.02%	0.03%	0.02%
	SPB	B	0.01%	0.02%	0.01%
	SRE	B	0.21%	0.3%	0.21%
	STT	A	0.1%	0.15%	0.1%
	SWK	B	0.06%	0.09%	0.06%
	SWKS	F	0.07%	0.1%	0.07%
	SYF	C	0.08%	0.11%	0.08%
	SYY	D	0.06%	0.22%	0.06%
	T	B	0.63%	0.81%	0.63%
	TAP	C	0.04%	0.05%	0.04%
	TFC	D	0.23%	0.34%	0.23%
	TFSL	C	0.0%	0.0%	0.0%
	TGT	C	0.28%	0.4%	0.28%
	THG	A	0.02%	0.03%	0.02%
	TNL	D	0.01%	0.02%	0.01%
	TPG	B	0.01%	0.02%	0.01%
	TPR	C	0.04%	0.05%	0.04%
	TROW	D	0.09%	0.13%	0.09%
	TRV	B	0.22%	0.3%	0.22%
	TSN	C	0.07%	0.1%	0.07%
	TXN	C	0.65%	1.11%	0.65%
	UGI	C	0.02%	0.03%	0.02%
	UI	B	0.0%	0.0%	0.0%
	UNM	B	0.04%	0.06%	0.04%
	UNP	B	0.32%	0.89%	0.32%
	UPS	D	0.38%	0.53%	0.38%
	USB	B	0.28%	0.37%	0.28%
	VAC	F	0.01%	0.01%	0.01%
	VFC	C	0.03%	0.04%	0.03%
	VIRT	B	0.01%	0.01%	0.01%
	VLO	D	0.18%	0.27%	0.18%
	VOYA	A	0.03%	0.04%	0.03%
	VTRS	C	0.06%	0.08%	0.06%
	VZ	B	0.76%	1.0%	0.76%
	WAL	B	0.04%	0.05%	0.04%
	WBA	F	0.03%	0.04%	0.03%
	WBS	C	0.03%	0.05%	0.03%
	WEC	B	0.12%	0.17%	0.12%
	WEN	C	0.01%	0.02%	0.01%
	WFC	D	0.75%	1.17%	0.75%
	WH	B	0.02%	0.04%	0.02%
	WHR	D	0.02%	0.03%	0.02%
	WMB	B	0.22%	0.32%	0.22%
	WMT	B	1.42%	1.91%	1.42%
	WRB	C	0.07%	0.11%	0.07%
	WSM	C	0.03%	0.1%	0.03%
	WSO	C	0.07%	0.09%	0.07%
	WTRG	D	0.04%	0.06%	0.04%
	WU	D	0.01%	0.02%	0.01%
	XEL	A	0.14%	0.19%	0.14%
	XOM	D	2.02%	3.02%	2.02%
	YUM	D	0.09%	0.22%	0.09%
	ZION	D	0.03%	0.04%	0.03%

IWD Overweight 532 Positions Relative to VYM

	Symbol	Grade	Weight
	BRK.A	C	3.32%
	UNH	C	2.06%
	TMO	C	0.95%
	LIN	B	0.91%
	ACN	C	0.89%
	DHR	B	0.74%
	DIS	D	0.67%
	SPGI	B	0.66%
	GE	B	0.62%
	BSX	B	0.5%
	PLD	C	0.49%
	REGN	C	0.45%
	ELV	C	0.44%
	DE	B	0.41%
	MU	F	0.41%
	MMC	C	0.4%
	TMUS	C	0.4%
	SYK	C	0.38%
	ICE	B	0.37%
	AXP	B	0.37%
	AMD	F	0.34%
	SCHW	D	0.34%
	CME	C	0.32%
	EQIX	B	0.32%
	PH	B	0.31%
	BA	F	0.31%
	WELL	B	0.31%
	PYPL	B	0.3%
	NOC	B	0.29%
	AON	B	0.28%
	FI	A	0.28%
	CSX	D	0.27%
	BDX	F	0.27%
	CARR	B	0.26%
	FCX	D	0.25%
	GEV	B	0.25%
	VRTX	D	0.25%
	MRVL	C	0.24%
	KKR	B	0.24%
	ROP	C	0.24%
	TDG	B	0.24%
	AJG	C	0.24%
	CRH	B	0.24%
	HCA	B	0.23%
	DHI	B	0.23%
	O	B	0.22%
	MAR	C	0.22%
	TT	B	0.22%
	TJX	C	0.22%
	DLR	B	0.21%
	CCI	B	0.21%
	CEG	C	0.21%
	GM	B	0.21%
	COF	C	0.21%
	PSA	B	0.19%
	KVUE	B	0.18%
	LEN	B	0.18%
	RSG	D	0.17%
	PCG	C	0.17%
	CTSH	C	0.16%
	AME	C	0.16%
	HUM	F	0.16%
	MCK	F	0.16%
	EA	D	0.16%
	ROST	C	0.16%
	SPG	B	0.16%
	CTVA	B	0.16%
	CNC	C	0.16%
	A	C	0.16%
	STZ	C	0.16%
	ACGL	B	0.16%
	HWM	B	0.15%
	CRM	D	0.15%
	CBRE	A	0.15%
	NKE	D	0.15%
	FERG	C	0.15%
	IR	C	0.15%
	URI	B	0.15%
	EXR	B	0.15%
	OTIS	D	0.15%
	IQV	C	0.15%
	MSI	C	0.15%
	GEHC	C	0.14%
	OXY	F	0.14%
	NUE	F	0.14%
	VICI	C	0.14%
	APH	D	0.13%
	XYL	D	0.13%
	CHTR	D	0.13%
	CSGP	D	0.13%
	EW	F	0.13%
	AVB	B	0.13%
	BIIB	F	0.12%
	DAL	C	0.12%
	MTD	D	0.12%
	PHM	B	0.12%
	EQR	B	0.12%
	WAB	A	0.12%
	WTW	B	0.12%
	MLM	D	0.12%
	NDAQ	B	0.12%
	EFX	C	0.12%
	ON	D	0.12%
	HLT	B	0.11%
	RCL	B	0.11%
	SBAC	C	0.11%
	KEYS	C	0.11%
	VTR	C	0.11%
	RMD	C	0.11%
	PWR	B	0.11%
	NVR	B	0.11%
	ANSS	F	0.11%
	GPN	D	0.11%
	WY	C	0.1%
	DELL	D	0.1%
	STE	C	0.1%
	FSLR	C	0.1%
	DOV	B	0.1%
	CHD	C	0.1%
	TTWO	D	0.1%
	FTV	C	0.1%
	WDC	D	0.09%
	ARE	B	0.09%
	COO	B	0.09%
	ZBH	F	0.09%
	FCNCA	D	0.09%
	MRNA	F	0.09%
	CBOE	C	0.09%
	RJF	C	0.09%
	INVH	C	0.09%
	VMC	D	0.09%
	LH	B	0.08%
	DG	F	0.08%
	HOLX	B	0.08%
	APTV	D	0.08%
	MAA	B	0.08%
	BLDR	C	0.08%
	ESS	B	0.08%
	TDY	C	0.08%
	LNG	D	0.08%
	SQ	D	0.08%
	BALL	C	0.08%
	ILMN	C	0.08%
	WBD	D	0.08%
	MSTR	D	0.08%
	LDOS	C	0.08%
	DOC	C	0.07%
	SSNC	B	0.07%
	UAL	B	0.07%
	TXT	D	0.07%
	STLD	D	0.07%
	ZM	C	0.07%
	CSL	C	0.07%
	CCL	C	0.07%
	MAS	B	0.07%
	J	D	0.07%
	MSCI	C	0.07%
	SUI	B	0.07%
	AVTR	B	0.07%
	TRU	B	0.07%
	USFD	B	0.06%
	WPC	B	0.06%
	REG	C	0.06%
	TRMB	C	0.06%
	AMH	C	0.06%
	GGG	C	0.06%
	BRO	C	0.06%
	JBHT	D	0.06%
	ELS	C	0.06%
	EXPD	B	0.06%
	OC	C	0.06%
	NDSN	C	0.06%
	DLTR	F	0.06%
	L	B	0.06%
	IRM	B	0.06%
	CDW	D	0.06%
	HOOD	C	0.06%
	UTHR	C	0.06%
	VRSN	D	0.06%
	GEN	A	0.06%
	AKAM	D	0.06%
	VLTO	C	0.06%
	RVTY	B	0.06%
	PNR	B	0.06%
	IEX	D	0.06%
	ZTS	B	0.06%
	MKL	C	0.06%
	UDR	B	0.06%
	TOL	B	0.06%
	THC	B	0.06%
	AMCR	C	0.06%
	KIM	B	0.06%
	BMRN	F	0.06%
	EME	B	0.05%
	BLD	D	0.05%
	SCI	B	0.05%
	JBL	D	0.05%
	KMX	D	0.05%
	SW	B	0.05%
	TECH	C	0.05%
	TFX	C	0.05%
	CASY	D	0.05%
	CW	B	0.05%
	CUBE	B	0.05%
	HST	D	0.05%
	FFIV	A	0.05%
	ALLE	B	0.05%
	BXP	B	0.05%
	CLH	B	0.05%
	HES	D	0.05%
	AMAT	D	0.05%
	JKHY	B	0.05%
	CPT	B	0.05%
	ACM	B	0.05%
	IBKR	B	0.05%
	GLPI	B	0.05%
	UHS	B	0.05%
	RNR	B	0.05%
	ZBRA	B	0.05%
	NYT	C	0.04%
	TTC	D	0.04%
	FTNT	C	0.04%
	PRI	B	0.04%
	NNN	B	0.04%
	FYBR	C	0.04%
	MGM	D	0.04%
	EGP	B	0.04%
	HSIC	C	0.04%
	GPK	B	0.04%
	DPZ	F	0.04%
	EHC	B	0.04%
	MTCH	C	0.04%
	Z	B	0.04%
	RGLD	B	0.04%
	MKTX	C	0.04%
	AOS	C	0.04%
	PFGC	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%
	FWONK	D	0.04%
	ARMK	B	0.04%
	OHI	A	0.04%
	ATR	B	0.04%
	AFRM	C	0.04%
	CRL	D	0.04%
	NLY	A	0.04%
	ALB	F	0.04%
	NTNX	C	0.04%
	RRX	C	0.04%
	FTI	D	0.04%
	COHR	B	0.04%
	FBIN	B	0.04%
	QRVO	F	0.04%
	CACI	B	0.04%
	EPAM	D	0.04%
	CCK	A	0.04%
	BJ	D	0.04%
	CTLT	B	0.04%
	REXR	C	0.04%
	FDS	C	0.04%
	AVY	D	0.04%
	INCY	C	0.04%
	RIVN	F	0.04%
	ITT	C	0.04%
	NOV	D	0.03%
	LW	D	0.03%
	CROX	C	0.03%
	CGNX	D	0.03%
	BIO	C	0.03%
	OKTA	F	0.03%
	STWD	A	0.03%
	CART	A	0.03%
	VNO	B	0.03%
	LSTR	D	0.03%
	AAL	D	0.03%
	MAT	C	0.03%
	MSA	C	0.03%
	RGEN	F	0.03%
	ARW	C	0.03%
	JAZZ	D	0.03%
	SEIC	B	0.03%
	GNTX	F	0.03%
	SOFI	C	0.03%
	WTFC	B	0.03%
	SWN	D	0.03%
	BFAM	C	0.03%
	G	C	0.03%
	FICO	A	0.03%
	SSD	C	0.03%
	WCC	C	0.03%
	SAIC	C	0.03%
	KEX	C	0.03%
	MTZ	B	0.03%
	MIDD	C	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%
	ELAN	D	0.03%
	EXAS	C	0.03%
	STAG	C	0.03%
	AGNC	A	0.03%
	ONTO	F	0.03%
	PNFP	B	0.03%
	BWA	D	0.03%
	WYNN	D	0.03%
	FR	C	0.03%
	CR	C	0.03%
	WEX	C	0.03%
	ALGN	D	0.03%
	LAD	C	0.03%
	WAT	C	0.03%
	FND	C	0.03%
	ADC	C	0.03%
	BRBR	B	0.03%
	ATI	C	0.03%
	KBR	D	0.03%
	COKE	C	0.03%
	GWRE	A	0.03%
	CHE	C	0.03%
	AXTA	C	0.03%
	MOH	C	0.03%
	MNST	C	0.03%
	ALSN	B	0.03%
	AR	D	0.03%
	FCN	C	0.03%
	GMED	D	0.03%
	DAY	D	0.03%
	APG	D	0.03%
	SHW	B	0.03%
	TKO	B	0.03%
	ROKU	C	0.03%
	AYI	B	0.03%
	PTC	D	0.03%
	X	D	0.03%
	CIEN	C	0.03%
	AA	D	0.03%
	BKNG	B	0.03%
	ECL	B	0.03%
	RBC	C	0.03%
	SKX	C	0.03%
	COLD	D	0.03%
	KNX	C	0.03%
	TW	A	0.03%
	CZR	C	0.03%
	MHK	B	0.03%
	TWLO	D	0.03%
	JLL	B	0.03%
	BRX	B	0.03%
	LAMR	A	0.03%
	DCI	D	0.03%
	SNX	D	0.03%
	WST	D	0.03%
	LITE	B	0.02%
	COTY	F	0.02%
	CLF	F	0.02%
	ALNY	B	0.02%
	MPW	C	0.02%
	NEU	D	0.02%
	DXC	C	0.02%
	RH	B	0.02%
	IAC	C	0.02%
	UHAL	B	0.02%
	SITE	D	0.02%
	BILL	D	0.02%
	GFS	F	0.02%
	ROIV	C	0.02%
	DLB	D	0.02%
	BYD	C	0.02%
	GNRC	D	0.02%
	DBX	D	0.02%
	KRC	B	0.02%
	AN	D	0.02%
	ASH	D	0.02%
	CPRI	D	0.02%
	DOCS	B	0.02%
	EEFT	D	0.02%
	S	C	0.02%
	W	D	0.02%
	WTM	F	0.02%
	SLGN	B	0.02%
	FRPT	B	0.02%
	CUZ	B	0.02%
	PSN	B	0.02%
	WLK	D	0.02%
	RYN	C	0.02%
	AZO	D	0.02%
	SAIA	D	0.02%
	OLED	C	0.02%
	CCCS	D	0.02%
	HXL	F	0.02%
	LBRDK	D	0.02%
	WSC	D	0.02%
	VNT	D	0.02%
	OLN	D	0.02%
	ST	D	0.02%
	THO	D	0.02%
	KD	D	0.02%
	ALK	C	0.02%
	ORLY	B	0.02%
	COIN	F	0.02%
	TKR	D	0.02%
	MTDR	D	0.02%
	PVH	F	0.02%
	XRAY	D	0.02%
	H	C	0.02%
	VMI	D	0.02%
	SN	B	0.02%
	AMG	C	0.02%
	GME	F	0.02%
	DAR	F	0.02%
	ESAB	C	0.02%
	MTSI	D	0.02%
	GWW	B	0.02%
	SRCL	A	0.02%
	POST	C	0.02%
	ESI	D	0.02%
	DASH	C	0.02%
	RITM	B	0.02%
	GXO	D	0.02%
	OLLI	C	0.02%
	AZPN	A	0.02%
	WMS	D	0.02%
	LFUS	D	0.02%
	EXEL	B	0.01%
	LYFT	D	0.01%
	SNDR	B	0.01%
	CERT	F	0.01%
	TRIP	F	0.01%
	PPC	D	0.01%
	UAA	C	0.01%
	UA	C	0.01%
	INFA	D	0.01%
	ALGM	F	0.01%
	GO	F	0.01%
	FTRE	F	0.01%
	AS	C	0.01%
	TER	D	0.01%
	MP	D	0.01%
	PSTG	F	0.01%
	BIRK	D	0.01%
	AZEK	C	0.01%
	BROS	D	0.01%
	LPX	B	0.01%
	IPGP	F	0.01%
	LEN	B	0.01%
	HAYW	C	0.01%
	SAM	F	0.01%
	VSTS	D	0.01%
	ADT	D	0.01%
	LLYVK	B	0.01%
	GLOB	D	0.01%
	BR	D	0.01%
	QS	F	0.01%
	EXP	B	0.01%
	ETSY	F	0.01%
	MASI	D	0.01%
	CNM	F	0.01%
	YETI	D	0.01%
	HHH	C	0.01%
	RCM	C	0.01%
	ULTA	D	0.01%
	ENOV	F	0.01%
	BRKR	D	0.01%
	SHC	B	0.01%
	BHF	D	0.01%
	AZTA	D	0.01%
	QDEL	D	0.01%
	CLVT	D	0.01%
	ZG	B	0.01%
	COLM	B	0.01%
	VNOM	C	0.01%
	RKT	B	0.01%
	LOPE	D	0.01%
	CXT	D	0.01%
	PK	D	0.01%
	CPRT	D	0.01%
	AMED	C	0.01%
	NWS	D	0.01%
	PAYC	D	0.01%
	PENN	D	0.01%
	CNXC	D	0.01%
	PLNT	A	0.01%
	U	D	0.01%
	ZI	D	0.01%
	LBTYA	B	0.01%
	SPR	D	0.01%
	NSA	B	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%
	EPR	B	0.01%
	AWI	B	0.01%
	CTAS	C	0.01%
	TYL	C	0.01%
	SEG	C	0.0%
	LOAR	C	0.0%
	PARAA	D	0.0%
	UWMC	C	0.0%
	LAZ	A	0.0%
	GRAL	F	0.0%
	DJT	F	0.0%
	UHAL	B	0.0%
	IONS	F	0.0%
	PLTK	C	0.0%
	CHH	C	0.0%
	PATH	D	0.0%
	HCP	A	0.0%
	TXG	D	0.0%
	CAR	F	0.0%
	LSCC	D	0.0%
	SEB	C	0.0%
	LBRDA	D	0.0%
	LLYVA	B	0.0%
	PYCR	D	0.0%
	ALAB	D	0.0%
	NCNO	D	0.0%
	FWONA	C	0.0%
	FIVE	D	0.0%
	WOLF	F	0.0%
	DV	F	0.0%

IWD Underweight 207 Positions Relative to VYM

	Symbol	Grade	Weight
	AVGO	C	-4.22%
	MRK	D	-1.71%
	BX	B	-0.58%
	WM	D	-0.48%
	NXPI	D	-0.37%
	TRGP	B	-0.18%
	VST	C	-0.17%
	ARES	B	-0.15%
	STX	D	-0.11%
	CLX	C	-0.09%
	CCEP	B	-0.09%
	EQH	C	-0.08%
	BAP	A	-0.07%
	SCCO	D	-0.05%
	ONB	C	-0.04%
	ESNT	B	-0.04%
	JXN	B	-0.04%
	CRS	B	-0.04%
	SSB	B	-0.04%
	ALV	F	-0.04%
	XP	D	-0.04%
	CRBG	D	-0.04%
	AVNT	B	-0.03%
	MGY	C	-0.03%
	SWX	C	-0.03%
	NJR	B	-0.03%
	HWC	D	-0.03%
	UMBF	B	-0.03%
	PIPR	B	-0.03%
	MC	B	-0.03%
	FFIN	B	-0.03%
	POR	B	-0.03%
	GATX	D	-0.03%
	UBSI	B	-0.03%
	HOMB	B	-0.03%
	MUR	D	-0.03%
	GBCI	B	-0.03%
	RDN	B	-0.03%
	CBT	B	-0.03%
	BCPC	C	-0.03%
	CADE	B	-0.03%
	MGRC	F	-0.02%
	TRN	C	-0.02%
	INDB	C	-0.02%
	YOU	B	-0.02%
	SLVM	B	-0.02%
	BKU	C	-0.02%
	RRR	D	-0.02%
	LCII	C	-0.02%
	CALM	B	-0.02%
	AVA	B	-0.02%
	BTU	D	-0.02%
	AWR	B	-0.02%
	CATY	B	-0.02%
	CCOI	C	-0.02%
	AROC	C	-0.02%
	MGEE	B	-0.02%
	HP	D	-0.02%
	CWT	C	-0.02%
	CBU	C	-0.02%
	SHOO	B	-0.02%
	EBC	B	-0.02%
	SXT	C	-0.02%
	GLNG	D	-0.02%
	LANC	D	-0.02%
	STNG	D	-0.02%
	NWE	A	-0.02%
	IBOC	C	-0.02%
	NSP	D	-0.02%
	ASB	D	-0.02%
	OTTR	D	-0.02%
	FULT	C	-0.02%
	WD	B	-0.02%
	AUB	C	-0.02%
	PBF	F	-0.02%
	FBP	C	-0.02%
	ABM	D	-0.02%
	SR	B	-0.02%
	CRC	C	-0.02%
	ALE	A	-0.02%
	UCBI	B	-0.02%
	PTEN	F	-0.02%
	PNM	B	-0.02%
	VLY	C	-0.02%
	CNO	B	-0.02%
	KFY	B	-0.02%
	SEM	D	-0.02%
	OGS	B	-0.02%
	NOG	D	-0.02%
	BKH	B	-0.02%
	SFBS	B	-0.02%
	KTB	B	-0.02%
	BRKL	C	-0.01%
	DLX	D	-0.01%
	FG	C	-0.01%
	EMBC	C	-0.01%
	JACK	F	-0.01%
	FDP	B	-0.01%
	MATV	B	-0.01%
	WMK	C	-0.01%
	KLG	C	-0.01%
	SRCE	C	-0.01%
	KALU	F	-0.01%
	BHLB	C	-0.01%
	EIG	B	-0.01%
	KW	C	-0.01%
	SAFT	C	-0.01%
	BKE	B	-0.01%
	DK	F	-0.01%
	OXM	D	-0.01%
	UVV	D	-0.01%
	SCS	B	-0.01%
	XRX	F	-0.01%
	WABC	D	-0.01%
	SFL	D	-0.01%
	SASR	B	-0.01%
	BLMN	F	-0.01%
	NAVI	C	-0.01%
	CSGS	C	-0.01%
	VRTS	D	-0.01%
	HMN	C	-0.01%
	DAN	F	-0.01%
	HOPE	B	-0.01%
	AY	B	-0.01%
	GBX	C	-0.01%
	APOG	B	-0.01%
	WOR	F	-0.01%
	BHE	C	-0.01%
	HTH	C	-0.01%
	SYBT	B	-0.01%
	HEES	D	-0.01%
	PZZA	D	-0.01%
	NWN	B	-0.01%
	GEF	D	-0.01%
	STBA	B	-0.01%
	TROX	F	-0.01%
	WGO	D	-0.01%
	WLY	C	-0.01%
	CHCO	B	-0.01%
	FCF	C	-0.01%
	LZB	C	-0.01%
	NTB	C	-0.01%
	NWBI	C	-0.01%
	MCY	C	-0.01%
	PDCO	F	-0.01%
	WSBC	D	-0.01%
	B	D	-0.01%
	NMRK	B	-0.01%
	CAKE	C	-0.01%
	TNC	D	-0.01%
	SJW	C	-0.01%
	RNST	D	-0.01%
	CABO	F	-0.01%
	TRMK	C	-0.01%
	BANR	B	-0.01%
	KMT	B	-0.01%
	MLKN	D	-0.01%
	IBTX	B	-0.01%
	SBLK	D	-0.01%
	STRA	D	-0.01%
	ADTN	F	-0.01%
	BANF	B	-0.01%
	PHIN	B	-0.01%
	VGR	C	-0.01%
	NBTB	D	-0.01%
	FRME	C	-0.01%
	SBCF	C	-0.01%
	HI	F	-0.01%
	ENR	F	-0.01%
	TDS	C	-0.01%
	HTLF	B	-0.01%
	ARCH	F	-0.01%
	PFS	B	-0.01%
	TOWN	B	-0.01%
	PPBI	D	-0.01%
	CVBF	C	-0.01%
	FIBK	B	-0.01%
	TGNA	C	-0.01%
	CNS	B	-0.01%
	WAFD	B	-0.01%
	FFBC	C	-0.01%
	PRK	C	-0.01%
	NOMD	B	-0.01%
	IGT	D	-0.01%
	VSH	D	-0.01%
	HNI	B	-0.01%
	CPK	B	-0.01%
	BOH	C	-0.01%
	APAM	C	-0.01%
	JJSF	C	-0.01%
	SFNC	B	-0.01%
	TTEC	F	-0.0%
	MEI	F	-0.0%
	LSXMK	D	-0.0%
	GTN	D	-0.0%
	NUS	F	-0.0%
	RBCAA	B	-0.0%
	GES	F	-0.0%
	ALGT	F	-0.0%
	RGR	F	-0.0%
	SCHL	D	-0.0%
	MATW	F	-0.0%
	CFFN	C	-0.0%
	MNRO	D	-0.0%
	CBRL	D	-0.0%
	CVI	F	-0.0%
	SSTK	F	-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 Medicine Beverage Biotechnology Dow Jones Component

VYM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric Asset Management Oil & Gas E&P Packaged Foods Insurance - Property & Casualty Utilities - Diversified Utilities - Regulated Gas Diversified Industrials Restaurants Semiconductors Specialty Chemicals Insurance - Life Capital Markets Chemicals Credit Services Drug Manufacturers - Major Household & Personal Products Insurance - Diversified Oil & Gas Refining & Marketing

Keywords: S&P 500 Bank Banking Natural Gas Insurance Deposit Products Electricity Commercial Banking Nasdaq 100 Real Estate Loans Investment Bank Investment Management Mining Commercial Bank Insurance Products Chemical Life Insurance Trust Services Cash Management Aerospace