IWO vs. FSMD ETF Comparison

Comparison of iShares Russell 2000 Growth ETF (IWO) to Fidelity Small-Mid Factor ETF (FSMD)

IWO

iShares Russell 2000 Growth ETF

IWO Description

The investment seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit growth 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 2000 Growth Index (the "underlying index"), which measures the performance of the small-capitalization growth sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$284.87

Average Daily Volume

324,162

Number of Holdings ^*

1080

* may have additional holdings in another (foreign) market

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$41.04

Average Daily Volume

78,167

Number of Holdings ^*

578

* may have additional holdings in another (foreign) market

Performance

Period	IWO	FSMD
30 Days	0.71%	-0.41%
60 Days	5.99%	4.11%
90 Days	9.46%	7.71%
12 Months	31.78%	28.95%

197 Overlapping Holdings

Symbol	Grade	Weight in IWO	Weight in FSMD	Overlap
ACIW	B	0.39%	0.17%	0.17%
ACLX	B	0.27%	0.17%	0.17%
ADMA	B	0.28%	0.17%	0.17%
ADUS	C	0.06%	0.13%	0.06%
AEO	F	0.21%	0.14%	0.14%
AGX	A	0.12%	0.14%	0.12%
AIT	A	0.67%	0.22%	0.22%
ALKS	D	0.32%	0.16%	0.16%
ALRM	F	0.19%	0.11%	0.11%
ALTR	B	0.45%	0.19%	0.19%
ALX	D	0.04%	0.08%	0.04%
AMN	F	0.11%	0.08%	0.08%
AMPH	A	0.15%	0.13%	0.13%
AMR	F	0.17%	0.1%	0.1%
AMRX	D	0.08%	0.12%	0.08%
ANDE	F	0.01%	0.09%	0.01%
ANF	F	0.5%	0.2%	0.2%
ANIP	F	0.06%	0.09%	0.06%
APAM	A	0.21%	0.14%	0.14%
APOG	A	0.04%	0.1%	0.04%
AROC	D	0.25%	0.15%	0.15%
ASGN	F	0.07%	0.15%	0.07%
ASO	D	0.07%	0.15%	0.07%
ASTH	C	0.17%	0.13%	0.13%
ATEN	B	0.08%	0.11%	0.08%
ATGE	A	0.04%	0.12%	0.04%
AX	B	0.03%	0.13%	0.03%
AXNX	A	0.27%	0.16%	0.16%
AZZ	C	0.14%	0.1%	0.1%
BBSI	B	0.06%	0.08%	0.06%
BCC	D	0.19%	0.16%	0.16%
BCO	C	0.35%	0.14%	0.14%
BCPC	B	0.41%	0.17%	0.17%
BKE	A	0.1%	0.11%	0.1%
BMI	C	0.44%	0.18%	0.18%
BPMC	C	0.41%	0.16%	0.16%
BRY	D	0.01%	0.09%	0.01%
CALM	B	0.02%	0.15%	0.02%
CASH	B	0.04%	0.12%	0.04%
CASS	B	0.04%	0.09%	0.04%
CBT	A	0.44%	0.19%	0.19%
CBZ	B	0.25%	0.11%	0.11%
CECO	F	0.05%	0.08%	0.05%
CHCO	C	0.01%	0.11%	0.01%
COLL	F	0.08%	0.1%	0.08%
COOP	C	0.16%	0.18%	0.16%
CORT	A	0.3%	0.18%	0.18%
CPRX	A	0.18%	0.15%	0.15%
CRAI	B	0.09%	0.1%	0.09%
CRNX	B	0.37%	0.16%	0.16%
CRVL	D	0.2%	0.13%	0.13%
CSV	A	0.03%	0.09%	0.03%
CSWI	B	0.44%	0.17%	0.17%
CTRE	B	0.03%	0.16%	0.03%
CTS	A	0.09%	0.1%	0.09%
CVCO	B	0.26%	0.14%	0.14%
CVLT	B	0.48%	0.17%	0.17%
CWCO	F	0.01%	0.09%	0.01%
DORM	A	0.22%	0.15%	0.15%
DY	D	0.37%	0.16%	0.16%
EGY	F	0.0%	0.09%	0.0%
ENS	F	0.27%	0.13%	0.13%
ENSG	A	0.65%	0.24%	0.24%
EPAC	A	0.18%	0.12%	0.12%
EWTX	A	0.18%	0.22%	0.18%
EXLS	A	0.49%	0.18%	0.18%
EXPO	D	0.36%	0.15%	0.15%
FBP	D	0.02%	0.13%	0.02%
FELE	D	0.33%	0.13%	0.13%
FIZZ	A	0.08%	0.09%	0.08%
FN	C	0.66%	0.24%	0.24%
FORM	F	0.22%	0.13%	0.13%
FSS	F	0.37%	0.15%	0.15%
FTDR	A	0.29%	0.16%	0.16%
FUL	F	0.09%	0.13%	0.09%
GIC	F	0.03%	0.07%	0.03%
GKOS	B	0.49%	0.2%	0.2%
GNE	F	0.01%	0.1%	0.01%
GOLF	D	0.13%	0.1%	0.1%
GPOR	F	0.07%	0.12%	0.07%
HAE	F	0.27%	0.14%	0.14%
HALO	B	0.47%	0.18%	0.18%
HCI	B	0.07%	0.12%	0.07%
HCKT	D	0.04%	0.09%	0.04%
HIMS	B	0.27%	0.16%	0.16%
HLNE	B	0.52%	0.22%	0.22%
HNI	D	0.08%	0.11%	0.08%
HSTM	A	0.02%	0.09%	0.02%
HWKN	D	0.16%	0.11%	0.11%
IBP	F	0.39%	0.17%	0.17%
ICFI	A	0.24%	0.12%	0.12%
IDCC	A	0.29%	0.15%	0.15%
IDT	B	0.04%	0.14%	0.04%
IESC	A	0.14%	0.12%	0.12%
INVA	C	0.01%	0.11%	0.01%
IOSP	F	0.17%	0.11%	0.11%
ITGR	D	0.22%	0.16%	0.16%
JBI	F	0.08%	0.06%	0.06%
JBSS	F	0.06%	0.08%	0.06%
KAI	A	0.29%	0.13%	0.13%
KBH	C	0.06%	0.17%	0.06%
KFRC	D	0.08%	0.07%	0.07%
KLG	F	0.08%	0.09%	0.08%
KNF	B	0.42%	0.18%	0.18%
KRT	A	0.01%	0.06%	0.01%
KRYS	D	0.32%	0.15%	0.15%
KTB	A	0.36%	0.15%	0.15%
KURA	D	0.09%	0.1%	0.09%
LANC	A	0.26%	0.13%	0.13%
LBRT	F	0.01%	0.13%	0.01%
LMAT	B	0.13%	0.12%	0.12%
LNTH	A	0.57%	0.22%	0.22%
LPG	F	0.04%	0.1%	0.04%
LRN	A	0.3%	0.16%	0.16%
MCRI	A	0.08%	0.11%	0.08%
MCY	B	0.02%	0.12%	0.02%
METC	F	0.02%	0.06%	0.02%
MGRC	A	0.21%	0.12%	0.12%
MGY	A	0.3%	0.19%	0.19%
MIR	A	0.03%	0.15%	0.03%
MLI	A	0.64%	0.23%	0.23%
MLR	A	0.0%	0.08%	0.0%
MMS	C	0.4%	0.15%	0.15%
MMSI	B	0.42%	0.19%	0.19%
MOG.A	B	0.4%	0.16%	0.16%
MRVI	D	0.06%	0.08%	0.06%
MWA	A	0.25%	0.13%	0.13%
NMIH	D	0.02%	0.14%	0.02%
NOVT	C	0.46%	0.18%	0.18%
NSIT	F	0.37%	0.18%	0.18%
NSSC	F	0.1%	0.08%	0.08%
NVEC	F	0.03%	0.08%	0.03%
OSIS	F	0.15%	0.11%	0.11%
OTTR	D	0.11%	0.13%	0.11%
PAHC	B	0.01%	0.12%	0.01%
PATK	F	0.2%	0.13%	0.13%
PCVX	D	0.95%	0.31%	0.31%
PI	C	0.33%	0.19%	0.19%
PIPR	B	0.37%	0.16%	0.16%
PJT	B	0.25%	0.14%	0.14%
PLAB	F	0.04%	0.11%	0.04%
PLMR	D	0.16%	0.12%	0.12%
PLUS	D	0.12%	0.13%	0.12%
PLXS	A	0.09%	0.16%	0.09%
POWL	A	0.18%	0.14%	0.14%
PRCT	A	0.29%	0.15%	0.15%
PRGS	B	0.2%	0.14%	0.14%
PRIM	A	0.23%	0.13%	0.13%
QLYS	D	0.33%	0.14%	0.14%
QTWO	A	0.38%	0.18%	0.18%
RDNT	B	0.32%	0.17%	0.17%
REX	C	0.01%	0.11%	0.01%
ROAD	B	0.25%	0.14%	0.14%
ROCK	D	0.07%	0.09%	0.07%
SEM	B	0.18%	0.13%	0.13%
SFM	A	0.97%	0.29%	0.29%
SHOO	D	0.24%	0.14%	0.14%
SIGA	F	0.02%	0.07%	0.02%
SIGI	D	0.35%	0.18%	0.18%
SKWD	B	0.03%	0.12%	0.03%
SLP	F	0.03%	0.07%	0.03%
SLVM	A	0.05%	0.14%	0.05%
SMLR	C	0.01%	0.08%	0.01%
SNEX	A	0.02%	0.13%	0.02%
SPNT	D	0.01%	0.1%	0.01%
SPSC	F	0.46%	0.17%	0.17%
SSTK	D	0.05%	0.08%	0.05%
STAA	F	0.11%	0.09%	0.09%
STRL	B	0.35%	0.17%	0.17%
SUPN	A	0.01%	0.13%	0.01%
SXT	C	0.23%	0.13%	0.13%
TENB	F	0.35%	0.16%	0.16%
TNC	F	0.06%	0.09%	0.06%
TPB	A	0.05%	0.1%	0.05%
TPH	D	0.08%	0.14%	0.08%
TRNS	F	0.06%	0.09%	0.06%
TWST	D	0.17%	0.11%	0.11%
UFPI	D	0.32%	0.2%	0.2%
UFPT	C	0.15%	0.11%	0.11%
UPBD	C	0.12%	0.08%	0.08%
URBN	D	0.05%	0.1%	0.05%
USLM	A	0.09%	0.11%	0.09%
USPH	D	0.09%	0.09%	0.09%
UTI	B	0.05%	0.08%	0.05%
UVE	D	0.01%	0.09%	0.01%
VCEL	D	0.16%	0.11%	0.11%
VCTR	B	0.19%	0.13%	0.13%
VECO	F	0.1%	0.09%	0.09%
VRNS	D	0.42%	0.19%	0.19%
VRRM	F	0.32%	0.13%	0.13%
WDFC	A	0.27%	0.14%	0.14%
WKC	D	0.01%	0.13%	0.01%
WTS	F	0.39%	0.15%	0.15%
YELP	C	0.17%	0.13%	0.13%
ZETA	C	0.37%	0.16%	0.16%
ZWS	A	0.37%	0.16%	0.16%
ZYXI	D	0.01%	0.1%	0.01%

IWO Overweight 883 Positions Relative to FSMD

Symbol	Grade	Weight
FTAI	B	1.03%
INSM	D	0.79%
FLR	B	0.61%
HQY	B	0.54%
CRS	B	0.53%
SPXC	D	0.49%
RHP	A	0.47%
MOD	C	0.46%
CWST	D	0.45%
HRI	B	0.44%
AVAV	B	0.42%
BECN	B	0.41%
RVMD	A	0.4%
CHX	F	0.4%
GTLS	A	0.39%
RMBS	C	0.39%
FFIN	D	0.36%
CRDO	A	0.36%
SHAK	A	0.35%
ITRI	A	0.35%
BOX	B	0.34%
MDGL	A	0.34%
RNA	A	0.34%
NXT	C	0.32%
AEIS	A	0.31%
EAT	A	0.31%
CWAN	B	0.3%
FCFS	F	0.3%
WK	A	0.3%
RXO	B	0.29%
WHD	B	0.29%
BOOT	D	0.28%
RKLB	A	0.28%
BHVN	B	0.28%
UPST	B	0.28%
MARA	D	0.28%
STEP	B	0.28%
CCOI	B	0.27%
SG	A	0.27%
POWI	C	0.26%
TGTX	B	0.26%
SLAB	F	0.25%
FOLD	B	0.25%
ATKR	D	0.24%
BL	B	0.24%
GMS	A	0.24%
YOU	B	0.24%
AXSM	D	0.24%
OSCR	C	0.24%
MC	D	0.24%
ATMU	B	0.24%
BWIN	D	0.23%
GVA	A	0.23%
NUVL	D	0.23%
SMPL	C	0.23%
SITM	B	0.23%
BLKB	F	0.23%
NE	F	0.22%
TDW	F	0.22%
UEC	B	0.22%
ENV	A	0.22%
IONQ	B	0.22%
CARG	B	0.21%
LCII	D	0.21%
CNS	B	0.21%
ACLS	F	0.21%
NSP	F	0.21%
SMTC	B	0.21%
DOCN	D	0.2%
CNK	A	0.2%
RYTM	B	0.2%
TMDX	F	0.2%
AUR	B	0.2%
IOVA	B	0.2%
RELY	A	0.2%
PTGX	B	0.2%
EVH	D	0.2%
HGV	C	0.2%
PTON	A	0.2%
TNET	F	0.2%
FUN	C	0.2%
BDC	B	0.19%
RPD	C	0.19%
JJSF	C	0.19%
TRN	C	0.19%
ACVA	F	0.19%
NARI	A	0.19%
WD	C	0.19%
GH	C	0.19%
DYN	F	0.18%
IDYA	D	0.18%
GFF	F	0.18%
FRSH	C	0.18%
COMP	B	0.18%
CLSK	D	0.18%
KLIC	B	0.18%
VC	F	0.18%
OII	B	0.18%
GSHD	A	0.18%
HBI	A	0.18%
ARCB	F	0.18%
IPAR	B	0.17%
DRS	A	0.17%
CAKE	A	0.17%
SKY	C	0.17%
AGYS	D	0.17%
VERX	A	0.17%
IRTC	C	0.17%
ARWR	F	0.17%
MQ	A	0.17%
ENR	A	0.17%
PTCT	B	0.17%
TBBK	D	0.17%
SWTX	F	0.16%
BRZE	F	0.16%
AI	C	0.16%
EVTC	D	0.16%
FLYW	C	0.16%
CNMD	D	0.16%
MYRG	C	0.16%
KWR	D	0.16%
INTA	A	0.15%
BATRK	B	0.15%
MTRN	D	0.15%
APGE	A	0.15%
VAL	F	0.15%
HURN	A	0.15%
PAR	A	0.15%
TNDM	D	0.15%
KYMR	B	0.15%
BBIO	F	0.15%
RXST	D	0.14%
PAYO	A	0.14%
OPCH	F	0.14%
JOE	F	0.14%
DNLI	C	0.14%
CORZ	B	0.14%
PRVA	C	0.14%
LAUR	A	0.14%
NATL	D	0.14%
LBPH	A	0.14%
JOBY	D	0.14%
GERN	C	0.13%
VYX	D	0.13%
UPWK	A	0.13%
PACS	C	0.13%
ARVN	C	0.13%
IMVT	D	0.13%
KROS	A	0.13%
ALG	C	0.13%
PRKS	B	0.13%
AWR	D	0.13%
ACAD	F	0.13%
KOS	F	0.13%
BE	D	0.13%
OSW	A	0.13%
SRRK	B	0.13%
TFIN	B	0.13%
TRUP	B	0.13%
TGLS	A	0.12%
SMMT	C	0.12%
HEES	C	0.12%
AVPT	A	0.12%
CALX	F	0.12%
SNDX	F	0.12%
VERA	A	0.12%
ESE	B	0.12%
NVCR	D	0.12%
OCUL	B	0.12%
TARS	A	0.12%
SXI	A	0.12%
PD	C	0.12%
ALKT	B	0.12%
RAMP	D	0.12%
BCRX	C	0.12%
MGEE	C	0.11%
WULF	B	0.11%
MNKD	A	0.11%
AVDX	C	0.11%
AVDL	C	0.11%
APPN	A	0.11%
WT	B	0.11%
SOUN	B	0.11%
UCTT	F	0.11%
WRBY	A	0.11%
PFSI	D	0.11%
KTOS	C	0.11%
MIRM	B	0.11%
RXRX	D	0.11%
NGVT	C	0.11%
SMR	B	0.11%
AGM	F	0.11%
JANX	A	0.11%
SLNO	A	0.1%
PSMT	D	0.1%
SPT	F	0.1%
THRM	D	0.1%
FLNC	A	0.1%
AESI	D	0.1%
BLBD	C	0.1%
ARDX	D	0.1%
INFN	B	0.1%
JAMF	D	0.1%
HROW	C	0.1%
CLDX	F	0.1%
ENVX	D	0.1%
SKT	B	0.1%
ZUO	A	0.1%
CSGS	B	0.1%
SONO	C	0.1%
MGNI	D	0.1%
CHEF	D	0.1%
ADEA	A	0.09%
COCO	A	0.09%
RRR	F	0.09%
PLAY	C	0.09%
SFBS	A	0.09%
LOB	D	0.09%
PRAX	B	0.09%
MTTR	C	0.09%
RDFN	C	0.09%
WWW	B	0.09%
HLIT	F	0.09%
ALHC	A	0.09%
DVAX	A	0.09%
PZZA	A	0.09%
VRTS	C	0.09%
PGNY	F	0.09%
EXTR	B	0.08%
ERII	A	0.08%
LMND	A	0.08%
CGON	C	0.08%
BKD	D	0.08%
PHR	F	0.08%
ATRC	A	0.08%
IMAX	A	0.08%
OUT	B	0.08%
LEU	B	0.08%
HLIO	A	0.08%
SAVA	D	0.08%
NVAX	F	0.08%
REVG	C	0.08%
WOR	F	0.08%
NRIX	B	0.08%
PWP	B	0.08%
EXPI	B	0.08%
RCKT	F	0.08%
QNST	A	0.08%
AMBA	B	0.08%
KALU	C	0.08%
SOC	C	0.08%
VITL	C	0.08%
NABL	F	0.07%
NN	A	0.07%
DRVN	A	0.07%
ARQT	D	0.07%
PDFS	F	0.07%
CLB	A	0.07%
EOLS	A	0.07%
WVE	B	0.07%
CDRE	D	0.07%
PNTG	D	0.07%
PRO	C	0.07%
ELVN	B	0.07%
SHLS	D	0.07%
CENX	B	0.07%
WLY	B	0.07%
CXM	F	0.07%
RVLV	A	0.07%
COUR	F	0.07%
NMRA	F	0.07%
ARLO	F	0.07%
HRMY	D	0.07%
DFIN	F	0.07%
JACK	C	0.07%
DNUT	C	0.07%
XPEL	F	0.07%
MXL	D	0.07%
ASAN	D	0.07%
COGT	B	0.07%
VZIO	C	0.07%
LZ	C	0.07%
VRDN	B	0.07%
SDGR	F	0.07%
ARRY	D	0.07%
FSLY	D	0.06%
OXM	F	0.06%
TTGT	C	0.06%
UDMY	D	0.06%
BSIG	A	0.06%
UTZ	C	0.06%
BLFS	B	0.06%
YEXT	A	0.06%
GRC	C	0.06%
VVI	B	0.06%
LMB	C	0.06%
AGL	F	0.06%
BTSG	A	0.06%
CWT	D	0.06%
AORT	A	0.06%
CMPR	F	0.06%
ATEC	C	0.06%
WAY	A	0.06%
GBTG	A	0.06%
RSI	A	0.06%
SM	F	0.06%
XMTR	B	0.06%
DFH	F	0.06%
RCUS	F	0.06%
BLND	C	0.06%
KNSA	F	0.06%
MEG	F	0.06%
IE	B	0.06%
AMSC	A	0.06%
OEC	F	0.06%
CWH	F	0.06%
MCW	A	0.05%
CIFR	B	0.05%
RVNC	C	0.05%
PUBM	D	0.05%
LQDA	C	0.05%
BASE	D	0.05%
LNN	D	0.05%
HI	F	0.05%
GSAT	B	0.05%
ACMR	D	0.05%
ZIP	F	0.05%
CCB	A	0.05%
DBRG	D	0.05%
NEXT	C	0.05%
DAWN	A	0.05%
MGPI	F	0.05%
GDYN	B	0.05%
AMPL	C	0.05%
ACHR	C	0.05%
PECO	A	0.05%
AUPH	A	0.05%
CGEM	F	0.05%
BLMN	F	0.05%
SPRY	B	0.05%
DJCO	A	0.04%
SEMR	D	0.04%
GCMG	B	0.04%
CTLP	A	0.04%
BBW	B	0.04%
AVBP	A	0.04%
CVI	F	0.04%
CRMD	B	0.04%
HLF	D	0.04%
MAX	D	0.04%
AIN	F	0.04%
FWRG	C	0.04%
APLT	A	0.04%
CATX	D	0.04%
AMBP	C	0.04%
EU	D	0.04%
ABUS	D	0.04%
YMAB	A	0.04%
GCT	C	0.04%
TREE	D	0.04%
FA	D	0.04%
INOD	A	0.04%
CYTK	F	0.04%
PTLO	A	0.04%
APLD	C	0.04%
IMXI	F	0.04%
WEAV	B	0.04%
IBTA	B	0.04%
VSCO	A	0.04%
SBGI	A	0.04%
AIV	D	0.04%
VICR	A	0.04%
LPRO	C	0.04%
ACEL	D	0.04%
EVRI	A	0.04%
XNCR	A	0.04%
OSPN	B	0.04%
GRBK	D	0.04%
CDMO	C	0.04%
NRDS	A	0.04%
IMNM	F	0.04%
ROOT	B	0.04%
AXGN	A	0.04%
IBRX	B	0.04%
KRUS	B	0.04%
TYRA	F	0.03%
PBI	A	0.03%
LRMR	C	0.03%
DSGR	C	0.03%
SVRA	D	0.03%
ASPI	A	0.03%
MLNK	B	0.03%
AKRO	A	0.03%
URGN	F	0.03%
HLMN	A	0.03%
RIOT	C	0.03%
MNTK	B	0.03%
ARCT	F	0.03%
ML	C	0.03%
BYND	F	0.03%
BFS	D	0.03%
BIGC	F	0.03%
ARHS	F	0.03%
WRLD	F	0.03%
BJRI	C	0.03%
MDXG	A	0.03%
LWLG	C	0.03%
IRMD	B	0.03%
TALK	A	0.03%
CELC	C	0.03%
AEHR	D	0.03%
ALEC	D	0.03%
MITK	D	0.03%
CBL	B	0.03%
DHIL	D	0.03%
KALV	C	0.03%
EAF	B	0.03%
GETY	A	0.03%
AIR	F	0.03%
ESQ	A	0.03%
JELD	F	0.03%
TTI	C	0.03%
PRTA	F	0.03%
UHT	D	0.03%
ANAB	F	0.03%
LFST	C	0.03%
PLOW	F	0.03%
ENFN	D	0.03%
BAND	A	0.03%
MYE	F	0.03%
ATXS	B	0.03%
CLMB	A	0.03%
BATRA	C	0.03%
STOK	C	0.03%
PX	B	0.03%
HY	D	0.03%
HUMA	F	0.03%
DMRC	A	0.03%
XERS	A	0.03%
THRY	F	0.03%
CAPR	B	0.03%
SEZL	B	0.03%
FC	C	0.03%
SIBN	D	0.03%
MNMD	C	0.03%
AHCO	D	0.03%
AGS	A	0.03%
EVER	F	0.03%
AMSF	B	0.03%
CEVA	D	0.03%
CRGY	A	0.03%
SANA	F	0.03%
LQDT	C	0.03%
INSE	A	0.02%
LNZA	C	0.02%
PBPB	F	0.02%
ZURA	B	0.02%
HTLD	F	0.02%
WTI	F	0.02%
SERA	C	0.02%
KNTK	B	0.02%
NBR	C	0.02%
IIIN	F	0.02%
LOVE	B	0.02%
EWCZ	C	0.02%
PRME	C	0.02%
NOG	F	0.02%
TMCI	D	0.02%
SPIR	B	0.02%
WEST	D	0.02%
NTST	F	0.02%
JBT	A	0.02%
ABSI	D	0.02%
LAZR	F	0.02%
DENN	D	0.02%
NVEE	C	0.02%
ASPN	F	0.02%
SAH	A	0.02%
TRAK	B	0.02%
OCGN	F	0.02%
EB	C	0.02%
CYRX	F	0.02%
TDOC	C	0.02%
CENTA	D	0.02%
SVV	D	0.02%
LIND	D	0.02%
IGMS	B	0.02%
NGNE	A	0.02%
JSPR	A	0.02%
LUNG	F	0.02%
HLX	F	0.02%
CDNA	C	0.02%
FNA	F	0.02%
OLO	A	0.02%
CTRI	A	0.02%
CBRL	C	0.02%
BYRN	C	0.02%
MAMA	D	0.02%
SFL	F	0.02%
TH	F	0.02%
TNGX	F	0.02%
CHPT	F	0.02%
FDMT	F	0.02%
CRCT	B	0.02%
SABR	C	0.02%
BMEA	D	0.02%
SNCY	A	0.02%
RCEL	C	0.02%
ALT	C	0.02%
SKYT	B	0.02%
ULCC	B	0.02%
BWMN	F	0.02%
DOMO	C	0.02%
EYPT	C	0.02%
CYH	D	0.02%
DK	F	0.02%
DIOD	F	0.02%
EGHT	C	0.02%
EVLV	F	0.02%
INST	A	0.02%
NRC	F	0.02%
CERS	F	0.02%
VMD	B	0.02%
XPOF	F	0.02%
VSEC	B	0.02%
BLZE	C	0.02%
TSHA	F	0.02%
ITI	A	0.02%
GHM	D	0.02%
LESL	D	0.02%
WERN	B	0.02%
ICHR	F	0.02%
CSTL	A	0.02%
ATEX	D	0.02%
PRG	C	0.02%
BANF	B	0.02%
CCS	D	0.02%
PDCO	F	0.02%
DAVE	D	0.02%
SEAT	F	0.02%
CAL	F	0.02%
IGT	F	0.02%
PCT	B	0.02%
PLSE	D	0.02%
CMPO	B	0.02%
LYTS	A	0.02%
NIC	B	0.02%
CON	F	0.02%
STER	B	0.02%
NPO	F	0.02%
SRDX	D	0.02%
GRND	A	0.02%
RDVT	A	0.02%
AMRC	B	0.02%
OTLK	D	0.01%
CLPR	C	0.01%
CRGX	B	0.01%
AKYA	D	0.01%
CVGW	B	0.01%
WBTN	F	0.01%
FOR	F	0.01%
STKS	F	0.01%
HQI	D	0.01%
ODC	A	0.01%
EP	C	0.01%
YORW	F	0.01%
GCO	F	0.01%
NWPX	A	0.01%
CRVO	F	0.01%
STRW	A	0.01%
VERU	F	0.01%
DIN	F	0.01%
PLL	B	0.01%
GLSI	F	0.01%
BDTX	F	0.01%
ARTV	D	0.01%
AMWD	B	0.01%
OMER	A	0.01%
CENT	D	0.01%
ACCD	F	0.01%
NGVC	B	0.01%
THR	F	0.01%
EVI	A	0.01%
FULC	F	0.01%
SHBI	B	0.01%
NPCE	F	0.01%
INMB	C	0.01%
MLYS	B	0.01%
EMBC	C	0.01%
QUIK	D	0.01%
FBLG	C	0.01%
LFMD	F	0.01%
DC	D	0.01%
MODV	F	0.01%
PEPG	F	0.01%
CTGO	C	0.01%
LXRX	D	0.01%
PRTH	D	0.01%
OPRX	F	0.01%
BLNK	C	0.01%
XFOR	F	0.01%
STGW	C	0.01%
EVEX	D	0.01%
TILE	A	0.01%
NTIC	C	0.01%
ALMS	C	0.01%
ACHV	B	0.01%
IRON	C	0.01%
LKFN	C	0.01%
PSTL	C	0.01%
KRRO	B	0.01%
STXS	D	0.01%
PFIS	B	0.01%
SSTI	F	0.01%
EGAN	D	0.01%
OPFI	B	0.01%
CRBP	F	0.01%
ULH	B	0.01%
MRAM	D	0.01%
IAS	A	0.01%
GOOD	A	0.01%
ESPR	C	0.01%
SCWO	C	0.01%
CADL	F	0.01%
TAYD	F	0.01%
LVWR	F	0.01%
MRSN	D	0.01%
LAW	C	0.01%
ISPR	F	0.01%
PKE	D	0.01%
PMTS	F	0.01%
EVGO	B	0.01%
SYRE	A	0.01%
TRVI	D	0.01%
TCRX	F	0.01%
AQST	B	0.01%
INBX	C	0.01%
MVIS	F	0.01%
INBK	C	0.01%
KFS	A	0.01%
GRPN	F	0.01%
PLUG	C	0.01%
SKYH	F	0.01%
LWAY	B	0.01%
QUAD	A	0.01%
OLMA	D	0.01%
INFU	F	0.01%
FFWM	D	0.01%
TIPT	A	0.01%
BBAI	C	0.01%
LCTX	F	0.01%
JYNT	F	0.01%
QRHC	F	0.01%
SCPH	F	0.01%
RILY	F	0.01%
PAYS	F	0.01%
RAPP	B	0.01%
SKIN	C	0.01%
JILL	F	0.01%
BTMD	D	0.01%
FHTX	C	0.01%
TSQ	F	0.01%
PROK	F	0.01%
ACIC	A	0.01%
CDZI	A	0.01%
PHAT	A	0.01%
ORIC	F	0.01%
SMTI	A	0.01%
WGS	A	0.01%
CTOS	C	0.01%
LAB	C	0.01%
HNST	C	0.01%
KLTR	A	0.01%
NEO	D	0.01%
ADCT	F	0.01%
AVXL	A	0.01%
LGIH	D	0.01%
RNAC	C	0.01%
MSEX	B	0.01%
OMI	F	0.01%
MGTX	A	0.01%
VSTM	C	0.01%
BRCC	F	0.01%
GWRS	D	0.01%
MSGE	C	0.01%
ARDT	F	0.01%
SMID	C	0.01%
AEYE	D	0.01%
TCX	F	0.01%
EVCM	A	0.01%
XOMA	A	0.01%
ARAY	D	0.01%
SCL	F	0.01%
MLP	C	0.01%
HEAR	B	0.01%
CDXC	A	0.01%
PRCH	C	0.01%
INDI	F	0.01%
SGHT	F	0.01%
LIVN	D	0.01%
AVAH	D	0.01%
LXEO	F	0.01%
UMH	D	0.01%
OFLX	C	0.01%
CDLX	C	0.01%
CVRX	B	0.01%
KGS	A	0.01%
GOGO	F	0.01%
RGR	F	0.01%
KREF	B	0.01%
CRD.B	B	0.01%
BVS	A	0.01%
ALTG	C	0.01%
MRTN	F	0.01%
DSP	A	0.01%
RICK	F	0.01%
ZVRA	A	0.01%
IRWD	F	0.01%
RIGL	D	0.01%
MGNX	C	0.01%
PFMT	A	0.01%
NATH	B	0.01%
SYNA	F	0.01%
PESI	B	0.01%
GCBC	F	0.01%
MLAB	C	0.01%
UP	D	0.01%
REAL	C	0.01%
AIP	F	0.01%
CDT	F	0.0%
QRTEB	F	0.0%
MKTW	F	0.0%
SES	F	0.0%
MGX	F	0.0%
MASS	F	0.0%
TDUP	F	0.0%
SCLX	F	0.0%
PGEN	F	0.0%
ULBI	D	0.0%
BAER	C	0.0%
HLVX	C	0.0%
GRWG	C	0.0%
BOLD	F	0.0%
AGEN	F	0.0%
VGAS	A	0.0%
LYRA	F	0.0%
TELO	F	0.0%
ATLC	A	0.0%
RSVR	B	0.0%
SLDB	F	0.0%
SKYE	C	0.0%
PTSI	D	0.0%
VIRC	C	0.0%
RENB	D	0.0%
NNE	C	0.0%
RMNI	F	0.0%
GCTS	F	0.0%
AISP	F	0.0%
ARQ	A	0.0%
ELEV	F	0.0%
LUNR	B	0.0%
BSVN	B	0.0%
HOWL	D	0.0%
ATOS	C	0.0%
SPCE	F	0.0%
IIIV	A	0.0%
DTI	F	0.0%
APEI	C	0.0%
AMPX	D	0.0%
BOC	B	0.0%
PLPC	C	0.0%
HRTX	F	0.0%
ALNT	F	0.0%
FBIZ	D	0.0%
CTV	A	0.0%
CHRS	F	0.0%
CIX	C	0.0%
DIBS	F	0.0%
ORGO	B	0.0%
MEC	A	0.0%
TERN	D	0.0%
UHG	D	0.0%
DLHC	F	0.0%
SHYF	C	0.0%
ALDX	D	0.0%
LSEA	C	0.0%
MITT	D	0.0%
ARIS	B	0.0%
CZFS	A	0.0%
NATR	D	0.0%
ORN	D	0.0%
EHAB	D	0.0%
EVC	B	0.0%
GALT	F	0.0%
TNYA	D	0.0%
SGC	C	0.0%
SST	F	0.0%
AVTE	C	0.0%
VRCA	F	0.0%
SVCO	F	0.0%
PAL	F	0.0%
PROP	F	0.0%
CDXS	A	0.0%
HBIO	F	0.0%
STTK	F	0.0%
AKBA	A	0.0%
LASR	A	0.0%
AHH	D	0.0%
CABA	F	0.0%
CLBK	D	0.0%
VALU	A	0.0%
OOMA	A	0.0%
HCAT	D	0.0%
PBYI	C	0.0%
AOMR	F	0.0%
CHCT	C	0.0%
NGS	C	0.0%
FUBO	D	0.0%
INNV	C	0.0%
RM	C	0.0%
MOND	F	0.0%
FG	F	0.0%
TVGN	D	0.0%
HDSN	F	0.0%
USCB	A	0.0%
OABI	C	0.0%
NVTS	C	0.0%
ANIK	F	0.0%
EYE	D	0.0%
MPX	F	0.0%
BOW	A	0.0%
AILE	F	0.0%
FLWS	C	0.0%
REPX	D	0.0%
PSTX	D	0.0%
LVO	F	0.0%
MYFW	D	0.0%
ALXO	F	0.0%
BOOM	F	0.0%
FIGS	B	0.0%
DXPE	C	0.0%
SNDA	F	0.0%
GMGI	D	0.0%
DNTH	A	0.0%
CRDF	B	0.0%
KYTX	F	0.0%
ANRO	F	0.0%
METCB	D	0.0%
SWBI	C	0.0%
OUST	C	0.0%
QBTS	D	0.0%
RDW	B	0.0%
RCKY	F	0.0%
CTNM	F	0.0%
NOTE	F	0.0%
CURV	F	0.0%
HOV	C	0.0%
ARKO	C	0.0%
OPEN	F	0.0%
GUTS	D	0.0%
OBIO	C	0.0%
ATNM	F	0.0%
PTVE	F	0.0%
EPM	D	0.0%
PCRX	C	0.0%
ITIC	B	0.0%
AVO	C	0.0%
MAPS	F	0.0%
BMBL	C	0.0%
QTRX	C	0.0%
HLLY	F	0.0%
CCO	F	0.0%
CRSR	D	0.0%
AIRS	A	0.0%
VTSI	D	0.0%
DCGO	D	0.0%
DAKT	A	0.0%
CVLG	D	0.0%
NRDY	F	0.0%
TTSH	A	0.0%
OVID	C	0.0%
REKR	F	0.0%
MCBS	C	0.0%

IWO Underweight 381 Positions Relative to FSMD

Symbol	Grade	Weight
TPL	A	-0.47%
NRG	A	-0.42%
EME	A	-0.41%
LYV	A	-0.4%
LII	B	-0.39%
MANH	D	-0.37%
RPM	B	-0.36%
GWRE	B	-0.36%
SNA	A	-0.36%
IBKR	A	-0.36%
TOL	D	-0.35%
PNR	A	-0.35%
UTHR	A	-0.35%
PSTG	D	-0.35%
NTNX	B	-0.35%
TW	B	-0.35%
OC	B	-0.33%
RNR	B	-0.33%
CASY	B	-0.32%
EQH	B	-0.32%
WSO	C	-0.32%
L	D	-0.32%
NTRA	C	-0.32%
DUOL	A	-0.32%
RGA	D	-0.31%
NWSA	A	-0.31%
THC	B	-0.31%
ACM	A	-0.31%
EWBC	A	-0.31%
JNPR	A	-0.3%
JLL	B	-0.3%
TXRH	B	-0.3%
TPR	A	-0.3%
GGG	D	-0.3%
CW	A	-0.3%
BXP	C	-0.3%
LAMR	B	-0.29%
AMH	F	-0.29%
CPT	D	-0.29%
NDSN	F	-0.29%
ELS	D	-0.29%
FIX	B	-0.29%
SF	B	-0.28%
REG	B	-0.28%
SOLV	B	-0.28%
ALLE	C	-0.28%
DKS	F	-0.28%
CHRW	C	-0.28%
OWL	B	-0.28%
TTEK	A	-0.28%
UHS	D	-0.28%
CLH	C	-0.28%
CACI	A	-0.28%
ROL	C	-0.28%
FTI	B	-0.28%
SRPT	D	-0.28%
DTM	A	-0.27%
SCI	A	-0.27%
ERIE	F	-0.27%
TFX	F	-0.27%
BWXT	B	-0.27%
UNM	A	-0.27%
NVT	D	-0.27%
BSY	D	-0.27%
ATR	A	-0.27%
SW	A	-0.27%
DOX	B	-0.26%
BJ	A	-0.26%
INCY	A	-0.26%
BLD	F	-0.26%
NBIX	C	-0.26%
MTCH	D	-0.26%
OHI	B	-0.26%
ONTO	F	-0.26%
CUBE	D	-0.26%
ITT	C	-0.26%
LECO	C	-0.25%
RGLD	B	-0.25%
PRI	B	-0.25%
EXP	A	-0.25%
CIEN	B	-0.25%
WING	F	-0.25%
NYT	C	-0.25%
AIZ	D	-0.25%
WWD	C	-0.24%
WBS	B	-0.24%
WAL	D	-0.24%
AYI	A	-0.24%
HLI	A	-0.24%
CHDN	C	-0.24%
SNX	C	-0.24%
GL	C	-0.24%
KNSL	F	-0.24%
CHE	F	-0.24%
FHN	B	-0.24%
EVR	B	-0.24%
EHC	A	-0.24%
TAP	B	-0.24%
VOYA	B	-0.23%
HRB	C	-0.23%
ORI	D	-0.23%
CPB	D	-0.23%
GPK	D	-0.23%
GMED	A	-0.23%
NNN	D	-0.23%
WMS	C	-0.23%
HII	F	-0.23%
HSIC	A	-0.23%
INGR	C	-0.23%
MORN	B	-0.23%
CMA	B	-0.23%
BRBR	A	-0.23%
DVA	D	-0.23%
CNX	B	-0.23%
EXEL	A	-0.23%
OGE	C	-0.23%
CHRD	F	-0.22%
AOS	F	-0.22%
ALSN	A	-0.22%
CROX	F	-0.22%
SEIC	A	-0.22%
DCI	A	-0.22%
WH	A	-0.22%
HRL	F	-0.22%
FRT	D	-0.22%
RL	A	-0.22%
AFG	D	-0.22%
OLED	F	-0.22%
ALLY	F	-0.22%
MUSA	C	-0.22%
BRX	A	-0.22%
REXR	F	-0.22%
SKX	D	-0.21%
BERY	A	-0.21%
JXN	B	-0.21%
SN	C	-0.21%
RBC	D	-0.21%
BWA	D	-0.21%
TMHC	A	-0.21%
SNV	B	-0.21%
MTSI	B	-0.21%
PLNT	D	-0.21%
AAON	B	-0.21%
ZION	B	-0.21%
ADC	C	-0.21%
TPX	F	-0.21%
DOCS	A	-0.21%
CRBG	B	-0.21%
BFAM	C	-0.21%
MASI	A	-0.21%
NFG	C	-0.2%
TTC	F	-0.2%
ARW	F	-0.2%
SAIC	A	-0.2%
CBSH	A	-0.2%
AXTA	A	-0.2%
GNTX	C	-0.2%
WTFC	B	-0.2%
MEDP	F	-0.2%
FLS	A	-0.19%
CR	B	-0.19%
RHI	C	-0.19%
MTH	C	-0.19%
STAG	F	-0.19%
CNM	D	-0.19%
RGEN	D	-0.19%
AMG	C	-0.19%
AXS	B	-0.19%
ALV	F	-0.19%
CRUS	F	-0.19%
ESNT	F	-0.19%
RLI	A	-0.19%
ACI	F	-0.19%
SSD	F	-0.19%
DBX	A	-0.19%
MTG	D	-0.19%
DINO	F	-0.19%
FR	D	-0.19%
ESI	A	-0.18%
FCN	F	-0.18%
THG	C	-0.18%
ESAB	A	-0.18%
VMI	A	-0.18%
G	C	-0.18%
BPOP	F	-0.18%
OSK	C	-0.18%
NXST	A	-0.18%
TDS	B	-0.18%
UGI	D	-0.18%
MTN	F	-0.18%
EPRT	D	-0.18%
MHK	D	-0.18%
ELAN	D	-0.18%
WMG	A	-0.18%
BRKR	D	-0.17%
BKH	D	-0.17%
ESTC	F	-0.17%
OLLI	B	-0.17%
CMC	B	-0.17%
R	A	-0.17%
WFRD	F	-0.17%
TREX	C	-0.17%
MDU	F	-0.17%
OMF	A	-0.17%
POST	D	-0.17%
LSTR	F	-0.17%
CUZ	B	-0.17%
COKE	D	-0.17%
AWI	A	-0.17%
SUM	A	-0.17%
KD	D	-0.17%
BYD	A	-0.17%
AGCO	C	-0.17%
GPI	B	-0.16%
TKR	C	-0.16%
CEIX	B	-0.16%
RDN	D	-0.16%
SR	D	-0.16%
SON	F	-0.16%
VVV	D	-0.16%
MSA	F	-0.16%
SLM	C	-0.16%
UMBF	A	-0.16%
KRC	B	-0.16%
AVT	B	-0.16%
VNT	B	-0.16%
ALE	A	-0.16%
MATX	A	-0.15%
FHI	A	-0.15%
TGNA	B	-0.15%
WEN	A	-0.15%
DLB	B	-0.15%
CHH	A	-0.15%
ESGR	B	-0.15%
PSN	A	-0.15%
BTU	A	-0.15%
PEGA	A	-0.15%
PBH	A	-0.15%
HIW	C	-0.15%
APPF	D	-0.15%
MHO	C	-0.15%
NWE	D	-0.15%
CIVI	F	-0.15%
OZK	B	-0.15%
EEFT	C	-0.15%
HOG	F	-0.14%
SANM	A	-0.14%
NHI	D	-0.14%
LOPE	D	-0.14%
PBF	F	-0.14%
DXC	C	-0.14%
WLK	F	-0.14%
VIRT	D	-0.14%
AMED	D	-0.14%
WU	F	-0.14%
DEI	B	-0.14%
AVA	D	-0.14%
ASB	A	-0.14%
BNL	D	-0.14%
SLGN	A	-0.14%
OGN	F	-0.14%
CATY	B	-0.14%
AGR	C	-0.14%
BGC	A	-0.14%
SKYW	A	-0.14%
TNL	A	-0.14%
ABG	B	-0.14%
ACA	A	-0.14%
CNO	A	-0.14%
FLO	F	-0.14%
USM	B	-0.13%
ADTN	B	-0.13%
STNG	F	-0.13%
NSA	D	-0.13%
GHC	A	-0.13%
FULT	C	-0.13%
AMKR	F	-0.13%
UE	A	-0.13%
GNW	D	-0.13%
VSTO	A	-0.13%
AN	D	-0.13%
IBOC	B	-0.13%
NEU	F	-0.13%
ASH	F	-0.13%
ZD	D	-0.13%
SHO	F	-0.12%
EQC	C	-0.12%
MTX	B	-0.12%
CXT	F	-0.12%
FF	B	-0.12%
SBH	B	-0.12%
ARCH	C	-0.12%
PHIN	C	-0.12%
RUSHA	A	-0.12%
MSM	D	-0.12%
BFH	C	-0.12%
COLM	B	-0.12%
PAG	F	-0.12%
HCC	A	-0.12%
BRC	D	-0.12%
ENVA	A	-0.12%
KFY	B	-0.12%
GTES	A	-0.12%
LGND	A	-0.12%
EIG	C	-0.11%
AAT	B	-0.11%
REYN	F	-0.11%
GEO	B	-0.11%
LTC	A	-0.11%
HUBG	C	-0.11%
DEA	C	-0.11%
XHR	C	-0.11%
UTL	D	-0.11%
SIRI	D	-0.11%
BHE	A	-0.11%
LEVI	F	-0.11%
PLTK	A	-0.11%
WSBC	B	-0.11%
QCRH	A	-0.11%
UNF	D	-0.11%
PPC	A	-0.11%
PDM	B	-0.11%
INSW	F	-0.11%
GIII	C	-0.11%
PINC	B	-0.11%
HMN	A	-0.11%
PEBO	B	-0.1%
VSH	F	-0.1%
WINA	A	-0.1%
UVSP	C	-0.1%
MCB	C	-0.1%
PFBC	B	-0.1%
CTBI	B	-0.1%
DDS	B	-0.1%
LZB	D	-0.1%
CPF	C	-0.1%
STRA	F	-0.1%
WABC	B	-0.1%
AMAL	B	-0.1%
INFA	C	-0.1%
SPOK	A	-0.1%
ACT	D	-0.1%
OFG	C	-0.1%
NHC	D	-0.1%
UTMD	F	-0.09%
ETD	F	-0.09%
CNXN	D	-0.09%
THFF	C	-0.09%
SCHL	F	-0.09%
PGRE	C	-0.09%
TPC	B	-0.09%
SCSC	F	-0.09%
CXW	D	-0.09%
SRCE	C	-0.09%
IBCP	D	-0.09%
PRDO	B	-0.09%
OLP	D	-0.09%
MSBI	A	-0.09%
WSR	B	-0.09%
CNXC	F	-0.08%
HCSG	A	-0.08%
SCS	F	-0.08%
HSII	A	-0.08%
AMCX	F	-0.08%
CUBI	F	-0.08%
ASC	F	-0.08%
OSUR	F	-0.08%
SMP	C	-0.08%
SCVL	F	-0.08%
RMR	D	-0.08%
CFB	D	-0.08%
KELYA	D	-0.07%
EBF	F	-0.07%
IMKTA	D	-0.07%
VNDA	C	-0.07%
NPK	F	-0.07%
SXC	A	-0.07%
HE	F	-0.07%
IMMR	F	-0.06%
PANL	F	-0.06%
CLW	F	-0.05%