IWR vs. ONEQ ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Fidelity Nasdaq Composite Index Tracking Stock (ONEQ)

IWR

iShares Russell Mid-Cap ETF

IWR Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities. 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. The underlying index measures the performance of the mid-capitalization sector of the U.S. equity market. The underlying index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000Â® Index.

Grade (RS Rating)

Last Trade

$87.95

Average Daily Volume

1,141,867

Number of Holdings ^*

802

* may have additional holdings in another (foreign) market

ONEQ

Fidelity Nasdaq Composite Index Tracking Stock

ONEQ Description

ONEQ tracks only Nasdaq-listed companies and ignores those trading on the NYSE or other exchanges. The funds underlying index comprises all domestic and international companies listed in Nasdaq. ONEQs portfolio may favor technology firms, which in the past have dominated the Nasdaq market. This is at the expense of energy, industrials, financials and other industries. Its heavy weightings to large-cap firms may increase single-stock blowup risk. Much like the market it aims to track, ONEQ is essentially a growth play, carrying elevated P/E and P/B ratios and paying smaller dividends. This exposure has translated to higher market risk. ONEQ uses a sampling strategy to track its index, which is reconstituted and rebalanced daily.

Grade (RS Rating)

Last Trade

$71.48

Average Daily Volume

288,989

Number of Holdings ^*

848

* may have additional holdings in another (foreign) market

Performance

Period	IWR	ONEQ
30 Days	4.05%	6.25%
60 Days	10.52%	12.06%
90 Days	9.48%	-1.05%
12 Months	31.66%	38.14%

239 Overlapping Holdings

Symbol	Grade	Weight in IWR	Weight in ONEQ	Overlap
AAL	D	0.06%	0.02%	0.02%
AAON	A	0.06%	0.03%	0.03%
ACGL	A	0.35%	0.15%	0.15%
ACHC	F	0.05%	0.02%	0.02%
AFRM	C	0.08%	0.04%	0.04%
AGNC	B	0.07%	0.02%	0.02%
AKAM	D	0.13%	0.05%	0.05%
ALGM	F	0.02%	0.02%	0.02%
ALGN	D	0.16%	0.06%	0.06%
ALNY	C	0.3%	0.12%	0.12%
AMED	D	0.03%	0.01%	0.01%
AMKR	F	0.03%	0.02%	0.02%
ANSS	D	0.23%	0.09%	0.09%
APA	F	0.08%	0.03%	0.03%
APLS	F	0.02%	0.01%	0.01%
APP	A	0.29%	0.13%	0.13%
APPF	C	0.05%	0.02%	0.02%
AVT	B	0.04%	0.01%	0.01%
AXON	A	0.24%	0.1%	0.1%
AZTA	F	0.02%	0.01%	0.01%
BHF	D	0.02%	0.01%	0.01%
BIIB	F	0.24%	0.1%	0.1%
BKR	B	0.31%	0.13%	0.13%
BMRN	F	0.11%	0.05%	0.05%
BOKF	B	0.02%	0.02%	0.02%
BPOP	D	0.06%	0.02%	0.02%
BRKR	D	0.06%	0.03%	0.03%
BSY	D	0.06%	0.05%	0.05%
CACC	F	0.02%	0.02%	0.02%
CAR	D	0.01%	0.01%	0.01%
CASY	D	0.12%	0.05%	0.05%
CBSH	D	0.06%	0.03%	0.03%
CDW	D	0.25%	0.1%	0.1%
CELH	F	0.05%	0.03%	0.03%
CFLT	F	0.04%	0.02%	0.02%
CG	B	0.08%	0.05%	0.05%
CGNX	F	0.06%	0.02%	0.02%
CHDN	C	0.08%	0.03%	0.03%
CHK	C	0.16%	0.04%	0.04%
CHRD	F	0.07%	0.03%	0.03%
CHRW	C	0.11%	0.04%	0.04%
CHTR	D	0.26%	0.16%	0.16%
CINF	A	0.18%	0.07%	0.07%
CNXC	F	0.02%	0.01%	0.01%
COIN	F	0.28%	0.12%	0.12%
COKE	C	0.07%	0.04%	0.04%
COLB	C	0.05%	0.02%	0.02%
COLM	B	0.02%	0.02%	0.02%
CPB	D	0.08%	0.05%	0.05%
CROX	C	0.07%	0.03%	0.03%
CRUS	D	0.05%	0.02%	0.02%
CSGP	F	0.26%	0.11%	0.11%
CTSH	B	0.32%	0.13%	0.13%
CZR	B	0.08%	0.03%	0.03%
DBX	C	0.05%	0.02%	0.02%
DDOG	B	0.29%	0.12%	0.12%
DKNG	C	0.15%	0.06%	0.06%
DLTR	F	0.12%	0.05%	0.05%
DOCU	A	0.11%	0.04%	0.04%
DOX	B	0.09%	0.03%	0.03%
DUOL	B	0.09%	0.04%	0.04%
DXCM	F	0.23%	0.09%	0.09%
EA	D	0.33%	0.13%	0.13%
EBAY	A	0.28%	0.11%	0.11%
EEFT	F	0.04%	0.02%	0.02%
ENPH	F	0.13%	0.05%	0.05%
ENTG	D	0.14%	0.06%	0.06%
ETSY	F	0.05%	0.02%	0.02%
EVRG	C	0.12%	0.04%	0.04%
EWBC	B	0.09%	0.04%	0.04%
EXAS	C	0.11%	0.04%	0.04%
EXC	C	0.35%	0.14%	0.14%
EXEL	B	0.06%	0.03%	0.03%
EXPE	B	0.16%	0.06%	0.06%
FANG	D	0.29%	0.11%	0.11%
FAST	C	0.35%	0.15%	0.15%
FCNCA	D	0.19%	0.08%	0.08%
FFIV	B	0.11%	0.04%	0.04%
FHB	D	0.02%	0.01%	0.01%
FITB	C	0.24%	0.09%	0.09%
FIVE	D	0.04%	0.02%	0.02%
FIVN	F	0.02%	0.01%	0.01%
FOX	B	0.04%	0.03%	0.03%
FOXA	B	0.08%	0.03%	0.03%
FRPT	A	0.05%	0.02%	0.02%
FSLR	C	0.22%	0.09%	0.09%
FTRE	F	0.01%	0.01%	0.01%
FYBR	C	0.07%	0.03%	0.03%
GEHC	C	0.35%	0.14%	0.14%
GEN	A	0.13%	0.06%	0.06%
GFS	F	0.03%	0.07%	0.03%
GLPI	C	0.11%	0.04%	0.04%
GNTX	D	0.06%	0.02%	0.02%
GTLB	D	0.05%	0.02%	0.02%
HAS	A	0.09%	0.04%	0.04%
HBAN	B	0.18%	0.07%	0.07%
HCP	A	0.04%	0.02%	0.02%
HOLX	D	0.16%	0.06%	0.06%
HOOD	B	0.13%	0.06%	0.06%
HSIC	D	0.08%	0.03%	0.03%
HST	D	0.1%	0.04%	0.04%
IAC	C	0.03%	0.02%	0.02%
IBKR	A	0.13%	0.05%	0.05%
IDXX	D	0.35%	0.14%	0.14%
ILMN	B	0.18%	0.07%	0.07%
INCY	B	0.09%	0.05%	0.05%
IONS	F	0.05%	0.02%	0.02%
IRDM	C	0.03%	0.02%	0.02%
ITCI	D	0.06%	0.03%	0.03%
JAZZ	F	0.06%	0.02%	0.02%
JBHT	D	0.12%	0.06%	0.06%
JKHY	A	0.11%	0.04%	0.04%
LAMR	C	0.1%	0.04%	0.04%
LBRDA	C	0.01%	0.01%	0.01%
LBRDK	C	0.07%	0.04%	0.04%
LCID	F	0.03%	0.03%	0.03%
LECO	D	0.09%	0.03%	0.03%
LFUS	C	0.05%	0.02%	0.02%
LITE	A	0.04%	0.02%	0.02%
LKQ	F	0.09%	0.03%	0.03%
LNT	B	0.13%	0.05%	0.05%
LNW	F	0.07%	0.03%	0.03%
LOPE	D	0.04%	0.02%	0.02%
LPLA	D	0.15%	0.06%	0.06%
LSCC	D	0.06%	0.03%	0.03%
LSTR	F	0.06%	0.02%	0.02%
LYFT	D	0.04%	0.02%	0.02%
MANH	A	0.14%	0.06%	0.06%
MASI	B	0.05%	0.03%	0.03%
MAT	B	0.06%	0.03%	0.03%
MCHP	F	0.35%	0.14%	0.14%
MDB	D	0.16%	0.07%	0.07%
MEDP	F	0.07%	0.03%	0.03%
MIDD	D	0.06%	0.03%	0.03%
MKSI	F	0.06%	0.03%	0.03%
MKTX	B	0.08%	0.04%	0.04%
MORN	B	0.07%	0.05%	0.05%
MPWR	B	0.36%	0.15%	0.15%
MSTR	B	0.22%	0.1%	0.1%
MTCH	B	0.08%	0.04%	0.04%
MTSI	B	0.05%	0.03%	0.03%
NBIX	F	0.1%	0.04%	0.04%
NCNO	F	0.02%	0.02%	0.02%
NDAQ	C	0.26%	0.14%	0.14%
NDSN	C	0.13%	0.05%	0.05%
NFE	F	0.01%	0.01%	0.01%
NTAP	D	0.21%	0.08%	0.08%
NTNX	C	0.12%	0.05%	0.05%
NTRA	A	0.12%	0.05%	0.05%
NTRS	B	0.15%	0.06%	0.06%
NWL	D	0.03%	0.01%	0.01%
NWS	D	0.03%	0.01%	0.01%
NWSA	D	0.09%	0.04%	0.04%
NXST	D	0.04%	0.02%	0.02%
ODFL	F	0.33%	0.15%	0.15%
OKTA	F	0.1%	0.04%	0.04%
OLED	B	0.08%	0.03%	0.03%
OLLI	C	0.05%	0.02%	0.02%
ON	F	0.26%	0.11%	0.11%
OZK	D	0.04%	0.01%	0.01%
PARA	F	0.05%	0.03%	0.03%
PAYX	B	0.39%	0.17%	0.17%
PCTY	C	0.06%	0.03%	0.03%
PEGA	B	0.03%	0.02%	0.02%
PENN	D	0.02%	0.01%	0.01%
PFG	A	0.17%	0.07%	0.07%
PINC	F	0.02%	0.01%	0.01%
PLTK	C	0.0%	0.01%	0.0%
PNFP	B	0.06%	0.02%	0.02%
PODD	C	0.14%	0.06%	0.06%
POOL	D	0.12%	0.05%	0.05%
PPC	C	0.02%	0.04%	0.02%
PTC	B	0.18%	0.07%	0.07%
PYCR	D	0.01%	0.01%	0.01%
QRVO	F	0.08%	0.04%	0.04%
RARE	D	0.04%	0.02%	0.02%
RCM	B	0.02%	0.02%	0.02%
REG	C	0.11%	0.04%	0.04%
REYN	D	0.01%	0.02%	0.01%
RGEN	F	0.07%	0.03%	0.03%
RGLD	C	0.08%	0.04%	0.04%
RIVN	F	0.07%	0.04%	0.04%
ROIV	D	0.04%	0.03%	0.03%
ROKU	C	0.08%	0.03%	0.03%
ROST	D	0.42%	0.17%	0.17%
RPRX	D	0.1%	0.04%	0.04%
SAIA	D	0.1%	0.04%	0.04%
SAIC	A	0.06%	0.03%	0.03%
SBAC	C	0.22%	0.09%	0.09%
SEIC	B	0.06%	0.03%	0.03%
SHC	C	0.02%	0.02%	0.02%
SLM	B	0.04%	0.02%	0.02%
SOFI	C	0.07%	0.03%	0.03%
SRCL	B	0.05%	0.02%	0.02%
SRCL	B	0.05%	0.01%	0.01%
SRPT	F	0.09%	0.04%	0.04%
SSNC	C	0.14%	0.06%	0.06%
STLD	C	0.16%	0.07%	0.07%
SWKS	F	0.13%	0.05%	0.05%
TECH	D	0.1%	0.04%	0.04%
TER	C	0.17%	0.08%	0.08%
TFSL	D	0.01%	0.02%	0.01%
TPG	A	0.04%	0.02%	0.02%
TRMB	B	0.13%	0.05%	0.05%
TROW	D	0.2%	0.08%	0.08%
TSCO	A	0.27%	0.11%	0.11%
TTD	A	0.41%	0.17%	0.17%
TTEK	A	0.11%	0.05%	0.05%
TTWO	D	0.22%	0.09%	0.09%
TW	A	0.12%	0.05%	0.05%
TXG	F	0.02%	0.01%	0.01%
TXRH	A	0.1%	0.04%	0.04%
UAL	A	0.16%	0.06%	0.06%
ULTA	D	0.16%	0.06%	0.06%
UTHR	C	0.13%	0.05%	0.05%
VIRT	B	0.02%	0.01%	0.01%
VKTX	C	0.06%	0.02%	0.02%
VRSK	D	0.33%	0.13%	0.13%
VRSN	C	0.14%	0.06%	0.06%
VTRS	D	0.12%	0.05%	0.05%
WBA	F	0.05%	0.03%	0.03%
WBD	F	0.17%	0.07%	0.07%
WDC	C	0.19%	0.08%	0.08%
WEN	B	0.03%	0.01%	0.01%
WFRD	F	0.05%	0.02%	0.02%
WING	C	0.11%	0.04%	0.04%
WSC	D	0.06%	0.02%	0.02%
WTFC	B	0.06%	0.03%	0.03%
WTW	C	0.26%	0.11%	0.11%
WWD	C	0.09%	0.03%	0.03%
WYNN	B	0.09%	0.03%	0.03%
XEL	C	0.31%	0.13%	0.13%
XRAY	D	0.05%	0.02%	0.02%
Z	C	0.09%	0.04%	0.04%
ZBRA	B	0.16%	0.06%	0.06%
ZG	C	0.03%	0.01%	0.01%
ZION	D	0.06%	0.02%	0.02%
ZM	B	0.15%	0.06%	0.06%
ZS	F	0.13%	0.08%	0.08%

IWR Overweight 564 Positions Relative to ONEQ

Symbol	Grade	Weight
PLTR	A	0.63%
AFL	A	0.54%
AJG	C	0.53%
DHI	C	0.49%
WMB	A	0.48%
HLT	A	0.48%
SPG	A	0.47%
O	C	0.47%
URI	C	0.46%
OKE	A	0.46%
BK	A	0.45%
DLR	C	0.44%
CCI	D	0.44%
ALL	A	0.43%
AMP	A	0.41%
LHX	A	0.4%
FIS	A	0.4%
PEG	A	0.39%
GWW	B	0.39%
FICO	C	0.39%
MSCI	B	0.38%
CMI	A	0.38%
LEN	C	0.38%
PRU	B	0.37%
A	B	0.37%
PWR	A	0.37%
KVUE	C	0.37%
KMI	A	0.37%
LNG	A	0.36%
GIS	C	0.36%
IQV	F	0.36%
OTIS	A	0.36%
VST	A	0.36%
PCG	C	0.36%
CTVA	A	0.35%
HWM	A	0.35%
RCL	B	0.35%
YUM	C	0.34%
IR	A	0.34%
FERG	F	0.34%
DOW	B	0.33%
SYY	D	0.33%
HES	D	0.33%
CNC	F	0.33%
AME	C	0.33%
COR	F	0.32%
EXR	D	0.32%
KR	C	0.32%
IT	A	0.32%
CBRE	C	0.32%
ED	C	0.31%
NUE	D	0.31%
SQ	D	0.31%
DD	C	0.31%
RMD	C	0.3%
VRT	B	0.3%
EFX	D	0.3%
EIX	C	0.29%
HUM	F	0.29%
HPQ	B	0.29%
DFS	A	0.29%
GLW	C	0.29%
VICI	C	0.29%
IRM	B	0.29%
HIG	A	0.29%
DAL	C	0.28%
XYL	C	0.28%
VMC	D	0.28%
MLM	F	0.28%
TRGP	A	0.28%
MTD	C	0.27%
AVB	C	0.27%
WAB	A	0.27%
PHM	C	0.26%
ROK	D	0.26%
PPG	D	0.26%
WEC	B	0.26%
VEEV	C	0.26%
MTB	A	0.25%
HSY	D	0.24%
EQR	C	0.24%
CPNG	C	0.24%
ETR	A	0.24%
ADM	F	0.24%
AWK	D	0.24%
NVR	C	0.24%
ARES	A	0.24%
IFF	D	0.23%
HAL	D	0.23%
DTE	B	0.23%
GRMN	D	0.23%
CAH	B	0.23%
KEYS	B	0.23%
VLTO	A	0.23%
FTV	C	0.23%
SW	C	0.22%
CHD	D	0.22%
GPN	F	0.22%
FE	C	0.22%
HUBS	D	0.22%
VTR	C	0.22%
HPE	B	0.22%
DOV	C	0.22%
STT	A	0.22%
TYL	D	0.21%
PPL	C	0.21%
WY	C	0.21%
LYB	B	0.21%
DVN	F	0.21%
BRO	A	0.21%
BR	B	0.21%
HUBB	A	0.2%
STE	D	0.2%
RJF	B	0.2%
AEE	A	0.2%
BLDR	C	0.2%
NET	D	0.2%
DECK	B	0.2%
ES	D	0.2%
GDDY	B	0.19%
WST	D	0.19%
BBY	C	0.19%
ZBH	F	0.19%
CBOE	B	0.19%
LDOS	A	0.19%
RBLX	D	0.19%
CLX	C	0.18%
CSL	A	0.18%
RF	B	0.18%
BALL	C	0.18%
ATO	A	0.18%
BAH	C	0.18%
WAT	B	0.18%
K	B	0.18%
CMS	A	0.18%
COO	C	0.18%
MKC	C	0.18%
INVH	D	0.18%
EQT	C	0.18%
CPAY	A	0.18%
SYF	A	0.17%
GPC	D	0.17%
DRI	C	0.17%
PINS	D	0.17%
MOH	F	0.17%
OMC	C	0.17%
EME	B	0.17%
TRU	C	0.17%
SMCI	F	0.17%
MKL	B	0.17%
ARE	D	0.17%
TDY	A	0.17%
EXPD	D	0.16%
LVS	B	0.16%
MAA	D	0.16%
LH	D	0.16%
MAS	C	0.16%
DG	F	0.16%
ESS	D	0.16%
BAX	D	0.16%
CNP	B	0.16%
CVNA	A	0.16%
PKG	B	0.16%
LII	C	0.16%
APTV	D	0.16%
WSM	C	0.16%
NRG	A	0.16%
DGX	D	0.15%
IP	C	0.15%
EG	A	0.15%
WSO	C	0.15%
TPL	A	0.15%
AVTR	D	0.15%
FDS	C	0.15%
LYV	A	0.15%
AVY	D	0.15%
LUV	B	0.15%
CTRA	D	0.15%
CFG	C	0.15%
CCL	C	0.15%
CF	A	0.14%
TOL	C	0.14%
DOC	C	0.14%
PNR	C	0.14%
IEX	D	0.14%
AMCR	C	0.14%
TXT	F	0.14%
J	F	0.14%
SUI	D	0.14%
BURL	C	0.14%
RS	D	0.14%
HEI	C	0.14%
SWK	C	0.14%
TSN	D	0.14%
WRB	C	0.14%
UDR	C	0.13%
CE	D	0.13%
GWRE	A	0.13%
SNA	C	0.13%
DPZ	D	0.13%
KEY	B	0.13%
PSTG	F	0.13%
OC	C	0.13%
KIM	C	0.13%
RPM	A	0.13%
RVTY	C	0.13%
DT	B	0.13%
FNF	C	0.13%
MRO	B	0.13%
THC	D	0.13%
CAG	D	0.13%
NI	A	0.13%
FWONK	D	0.13%
FIX	A	0.12%
BG	F	0.12%
ACM	A	0.12%
USFD	C	0.12%
RNR	A	0.12%
ROL	C	0.12%
L	C	0.12%
RGA	B	0.12%
AES	C	0.12%
GGG	C	0.12%
CLH	B	0.11%
KMX	F	0.11%
SJM	D	0.11%
BXP	B	0.11%
JLL	C	0.11%
ALLE	A	0.11%
TOST	B	0.11%
CPT	C	0.11%
JNPR	C	0.11%
FND	C	0.11%
AMH	D	0.11%
CW	A	0.11%
BLD	D	0.11%
EMN	C	0.11%
ELS	D	0.11%
UHS	D	0.11%
EQH	B	0.11%
JBL	C	0.11%
WPC	C	0.11%
CACI	A	0.1%
BJ	B	0.1%
CCK	C	0.1%
SCI	D	0.1%
NVT	C	0.1%
TFX	C	0.1%
DKS	D	0.1%
HEI	C	0.1%
IPG	D	0.1%
COHR	B	0.1%
FTI	B	0.1%
CUBE	C	0.1%
PFGC	A	0.1%
ITT	C	0.1%
XPO	F	0.1%
CRL	F	0.09%
ARMK	C	0.09%
OHI	C	0.09%
TAP	D	0.09%
BWXT	A	0.09%
PNW	C	0.09%
AIZ	B	0.09%
HII	F	0.09%
KNSL	B	0.09%
ATR	A	0.09%
OVV	D	0.09%
TPR	B	0.09%
REXR	D	0.09%
AOS	C	0.09%
JEF	A	0.09%
RRX	B	0.09%
EPAM	F	0.09%
TWLO	B	0.09%
CTLT	A	0.09%
FBIN	C	0.09%
WMS	D	0.09%
ALB	D	0.09%
SNX	C	0.08%
EGP	D	0.08%
KBR	A	0.08%
NNN	C	0.08%
DCI	B	0.08%
CHE	D	0.08%
ORI	A	0.08%
SKX	B	0.08%
CIEN	A	0.08%
GPK	D	0.08%
NYT	C	0.08%
INGR	B	0.08%
UNM	A	0.08%
EVR	C	0.08%
WAL	C	0.08%
MGM	D	0.08%
TTC	F	0.08%
PR	D	0.08%
TPX	C	0.08%
DAY	C	0.08%
HRL	F	0.08%
PRI	A	0.08%
CAVA	B	0.08%
MUSA	D	0.08%
GL	C	0.08%
AYI	A	0.08%
SF	A	0.08%
GNRC	B	0.08%
LW	D	0.08%
SOLV	C	0.08%
FRT	D	0.08%
EXP	C	0.08%
EHC	C	0.08%
ALLY	F	0.08%
TKO	A	0.08%
WTRG	D	0.08%
AFG	A	0.08%
CNH	C	0.08%
AA	B	0.08%
OWL	A	0.08%
ONTO	B	0.08%
NLY	C	0.08%
CR	A	0.07%
WBS	D	0.07%
DTM	A	0.07%
BERY	C	0.07%
MTZ	A	0.07%
ACI	F	0.07%
RL	B	0.07%
X	F	0.07%
AXTA	C	0.07%
GMED	B	0.07%
COLD	D	0.07%
VOYA	A	0.07%
BFAM	C	0.07%
FCN	C	0.07%
BRBR	A	0.07%
BWA	C	0.07%
SSD	B	0.07%
ATI	C	0.07%
FMC	C	0.07%
FHN	D	0.07%
KNX	D	0.07%
GME	D	0.07%
OGE	C	0.07%
DVA	C	0.07%
HLI	A	0.07%
GLOB	D	0.07%
AR	C	0.07%
BRX	C	0.07%
MHK	C	0.07%
CNM	F	0.07%
PAYC	D	0.07%
NCLH	C	0.07%
ALSN	A	0.07%
WEX	C	0.07%
RBC	C	0.07%
LAD	C	0.07%
MOS	F	0.07%
HRB	C	0.07%
U	D	0.06%
H	B	0.06%
RLI	A	0.06%
BIO	B	0.06%
MTG	A	0.06%
FAF	C	0.06%
MTN	D	0.06%
SITE	D	0.06%
AZEK	D	0.06%
RHI	D	0.06%
FLS	A	0.06%
HR	D	0.06%
G	A	0.06%
VNO	B	0.06%
CART	B	0.06%
BBWI	F	0.06%
VFC	A	0.06%
RYAN	A	0.06%
LPX	C	0.06%
DINO	F	0.06%
STAG	D	0.06%
ARW	C	0.06%
PEN	D	0.06%
PLNT	B	0.06%
SN	A	0.06%
KEX	C	0.06%
ELAN	D	0.06%
UHAL	C	0.06%
WCC	D	0.06%
FR	D	0.06%
RRC	D	0.06%
TREX	D	0.06%
APG	F	0.06%
SMAR	A	0.06%
ADC	C	0.06%
CMA	C	0.06%
ST	F	0.05%
SON	D	0.05%
VVV	D	0.05%
DOCS	A	0.05%
THG	A	0.05%
LAZ	C	0.05%
TKR	B	0.05%
PVH	D	0.05%
FOUR	A	0.05%
NFG	A	0.05%
PATH	D	0.05%
AMG	B	0.05%
SIRI	C	0.05%
BC	C	0.05%
MDU	C	0.05%
RITM	D	0.05%
OLN	D	0.05%
BEN	F	0.05%
ALK	C	0.05%
THO	C	0.05%
WHR	C	0.05%
POST	C	0.05%
VMI	B	0.05%
ELF	F	0.05%
DAR	F	0.05%
AWI	A	0.05%
ESAB	C	0.05%
GXO	D	0.05%
MTDR	D	0.05%
CLF	D	0.05%
ESI	C	0.05%
WH	C	0.05%
LEA	F	0.05%
ESTC	F	0.05%
SNV	D	0.05%
INSP	C	0.05%
AGCO	D	0.05%
R	C	0.05%
AXS	A	0.05%
PCOR	D	0.05%
AZPN	A	0.05%
STWD	C	0.05%
PB	D	0.05%
IVZ	A	0.05%
S	C	0.05%
CFR	B	0.05%
MSA	F	0.05%
NOV	F	0.05%
OSK	F	0.05%
AGO	B	0.04%
GAP	F	0.04%
M	D	0.04%
PII	D	0.04%
FLO	D	0.04%
ASH	F	0.04%
SLGN	B	0.04%
BYD	B	0.04%
WTM	C	0.04%
DLB	D	0.04%
CUZ	C	0.04%
KRC	C	0.04%
AN	D	0.04%
HOG	D	0.04%
AL	D	0.04%
RYN	C	0.04%
VNOM	A	0.04%
LINE	F	0.04%
CPRI	C	0.04%
PSN	A	0.04%
OGN	F	0.04%
FNB	D	0.04%
LNC	B	0.04%
JHG	A	0.04%
CCCS	D	0.04%
HXL	F	0.04%
SEE	C	0.04%
RH	C	0.04%
WLK	C	0.04%
W	C	0.04%
KD	D	0.04%
UGI	C	0.04%
AM	A	0.04%
VNT	F	0.04%
OMF	D	0.04%
CIVI	F	0.04%
IDA	D	0.04%
BILL	D	0.04%
CC	D	0.03%
WU	D	0.03%
PAG	D	0.03%
TNL	B	0.03%
ZI	F	0.03%
AMTM	D	0.03%
NSA	D	0.03%
NVST	D	0.03%
MAN	D	0.03%
MPW	C	0.03%
YETI	C	0.03%
PRGO	F	0.03%
LBTYA	C	0.03%
DNB	D	0.03%
COTY	F	0.03%
LBTYK	C	0.03%
HIW	C	0.03%
BROS	F	0.03%
DXC	C	0.03%
GTES	C	0.03%
CHH	A	0.03%
EPR	C	0.03%
SMG	C	0.03%
NEU	F	0.03%
KMPR	D	0.03%
SPR	D	0.03%
HUN	B	0.03%
MSGS	A	0.03%
MSM	D	0.03%
LEG	D	0.02%
BIRK	F	0.02%
QS	F	0.02%
LEN	C	0.02%
IPGP	D	0.02%
VSTS	D	0.02%
ADT	D	0.02%
HAYW	C	0.02%
JWN	D	0.02%
AAP	F	0.02%
ENOV	F	0.02%
KSS	D	0.02%
MP	C	0.02%
CRI	D	0.02%
LLYVK	B	0.02%
QDEL	D	0.02%
HHH	C	0.02%
DV	F	0.02%
CWEN	C	0.02%
RNG	F	0.02%
SPB	C	0.02%
AGR	C	0.02%
SAM	D	0.02%
VAC	D	0.02%
CLVT	D	0.02%
CXT	F	0.02%
RKT	D	0.02%
TDC	D	0.02%
PK	D	0.02%
UHAL	C	0.01%
LOAR	B	0.01%
UWMC	D	0.01%
SEB	F	0.01%
UI	B	0.01%
DJT	F	0.01%
AS	B	0.01%
CWEN	C	0.01%
LLYVA	B	0.01%
CNA	D	0.01%
ALAB	C	0.01%
WOLF	F	0.01%
DDS	D	0.01%
SNDR	D	0.01%
CERT	F	0.01%
TRIP	D	0.01%
INFA	D	0.01%
UA	B	0.01%
FWONA	C	0.01%
GO	F	0.01%
UAA	B	0.01%
SEG	F	0.0%
PARAA	D	0.0%
GRAL	F	0.0%

IWR Underweight 609 Positions Relative to ONEQ

Symbol	Grade	Weight
AAPL	C	-11.88%
MSFT	D	-10.8%
NVDA	B	-9.92%
AMZN	C	-6.71%
META	A	-4.35%
GOOGL	B	-3.38%
GOOG	B	-3.25%
TSLA	C	-2.85%
AVGO	B	-2.68%
COST	C	-1.34%
NFLX	A	-1.05%
AMD	C	-0.89%
TMUS	A	-0.81%
PEP	F	-0.79%
ADBE	F	-0.77%
LIN	C	-0.76%
CSCO	A	-0.73%
QCOM	D	-0.64%
TXN	C	-0.63%
AMGN	D	-0.59%
ISRG	C	-0.59%
INTU	F	-0.58%
AMAT	C	-0.56%
CMCSA	B	-0.55%
HON	C	-0.46%
BKNG	B	-0.46%
VRTX	D	-0.42%
REGN	D	-0.39%
ADP	A	-0.39%
SBUX	B	-0.38%
MU	D	-0.38%
ADI	B	-0.38%
LRCX	D	-0.36%
MELI	D	-0.36%
PANW	B	-0.36%
KLAC	B	-0.35%
GILD	A	-0.35%
INTC	D	-0.34%
PDD	B	-0.34%
MDLZ	D	-0.33%
CEG	A	-0.29%
CME	A	-0.28%
EQIX	C	-0.28%
CTAS	C	-0.27%
ASML	F	-0.27%
PYPL	A	-0.27%
SNPS	F	-0.26%
CDNS	D	-0.24%
MAR	A	-0.23%
ORLY	A	-0.23%
CRWD	D	-0.22%
CSX	D	-0.22%
MRVL	C	-0.21%
ADSK	B	-0.2%
ROP	D	-0.2%
NXPI	F	-0.2%
FTNT	A	-0.2%
ABNB	D	-0.19%
DASH	A	-0.19%
WDAY	D	-0.18%
MNST	D	-0.18%
AEP	C	-0.18%
KDP	C	-0.17%
CPRT	B	-0.17%
PCAR	D	-0.17%
AZN	D	-0.15%
KHC	F	-0.14%
CCEP	C	-0.12%
LULU	D	-0.11%
MRNA	F	-0.09%
TEAM	D	-0.09%
ERIE	A	-0.09%
STX	C	-0.08%
ICLR	F	-0.08%
TCOM	A	-0.08%
CHKP	A	-0.07%
JD	A	-0.07%
BIDU	C	-0.06%
ARM	C	-0.06%
SNY	C	-0.06%
ARGX	C	-0.06%
MNDY	B	-0.05%
FLEX	B	-0.05%
LOGI	D	-0.05%
SMMT	D	-0.05%
GRAB	C	-0.05%
INSM	D	-0.04%
BGNE	A	-0.04%
SFM	A	-0.04%
FUTU	A	-0.04%
PAA	B	-0.04%
CYBR	C	-0.04%
BNTX	B	-0.04%
NTES	B	-0.04%
PCVX	C	-0.04%
UFPI	C	-0.03%
GLBE	C	-0.03%
HLNE	A	-0.03%
XP	F	-0.03%
RVMD	B	-0.03%
SPSC	D	-0.03%
NICE	D	-0.03%
ASND	C	-0.03%
WIX	D	-0.03%
OTEX	D	-0.03%
RUSHA	D	-0.02%
JJSF	C	-0.02%
PTEN	F	-0.02%
ADMA	A	-0.02%
CCOI	B	-0.02%
IBOC	D	-0.02%
CALM	A	-0.02%
CVCO	C	-0.02%
RMBS	F	-0.02%
SLAB	D	-0.02%
NMIH	B	-0.02%
MARA	F	-0.02%
AEIS	B	-0.02%
VOD	D	-0.02%
RUN	D	-0.02%
OPCH	F	-0.02%
ACLX	C	-0.02%
VCTR	A	-0.02%
PCH	C	-0.02%
SANM	D	-0.02%
INTA	C	-0.02%
IMVT	D	-0.02%
QFIN	A	-0.02%
CRNX	C	-0.02%
PLXS	A	-0.02%
RNA	B	-0.02%
PRCT	D	-0.02%
DNLI	C	-0.02%
BGC	B	-0.02%
ONB	D	-0.02%
MDGL	F	-0.02%
QLYS	F	-0.02%
KTOS	B	-0.02%
TMDX	D	-0.02%
LEGN	F	-0.02%
BECN	D	-0.02%
LANC	F	-0.02%
BLKB	C	-0.02%
IPAR	D	-0.02%
VLY	C	-0.02%
AXSM	D	-0.02%
HWC	D	-0.02%
WMG	D	-0.02%
FIZZ	F	-0.02%
STEP	A	-0.02%
SITM	A	-0.02%
ITRI	C	-0.02%
KRYS	D	-0.02%
ASO	D	-0.02%
PECO	C	-0.02%
AUR	C	-0.02%
STRL	B	-0.02%
IESC	A	-0.02%
BBIO	F	-0.02%
SBRA	C	-0.02%
SGRY	C	-0.02%
GLNG	A	-0.02%
BPMC	F	-0.02%
ALTR	B	-0.02%
VRRM	D	-0.02%
CRDO	B	-0.02%
ALKS	B	-0.02%
ICUI	B	-0.02%
UBSI	D	-0.02%
COOP	B	-0.02%
TIGO	C	-0.02%
RDNT	C	-0.02%
BZ	C	-0.02%
FELE	C	-0.02%
UMBF	C	-0.02%
CWST	D	-0.02%
CHCI	B	-0.02%
RKLB	B	-0.02%
TENB	D	-0.02%
EXLS	B	-0.02%
CHX	C	-0.02%
CYTK	D	-0.02%
MMSI	C	-0.02%
CORT	B	-0.02%
ACIW	A	-0.02%
NSIT	B	-0.02%
QXO	F	-0.02%
LI	C	-0.02%
VRNS	B	-0.02%
SIGI	D	-0.02%
FFIN	D	-0.02%
PI	A	-0.02%
BCPC	C	-0.02%
NUVL	B	-0.02%
CRVL	C	-0.02%
EXPO	A	-0.02%
MMYT	B	-0.02%
CVLT	B	-0.02%
AVAV	B	-0.02%
ACT	B	-0.02%
IEP	F	-0.02%
HTHT	B	-0.02%
FRHC	A	-0.02%
CSWI	A	-0.02%
ENSG	D	-0.02%
LNTH	C	-0.02%
HQY	B	-0.02%
HALO	D	-0.02%
NOVT	C	-0.02%
AMWD	C	-0.01%
OABI	F	-0.01%
IMNM	F	-0.01%
TTGT	F	-0.01%
GDEN	D	-0.01%
SCHL	F	-0.01%
FLYW	F	-0.01%
BCBP	B	-0.01%
SOUN	F	-0.01%
ISTR	C	-0.01%
JBSS	F	-0.01%
FFIC	C	-0.01%
EMBC	F	-0.01%
CVAC	F	-0.01%
ESTA	D	-0.01%
WASH	C	-0.01%
SVRA	F	-0.01%
RIOT	F	-0.01%
LQDA	F	-0.01%
PLYA	D	-0.01%
NEXT	F	-0.01%
TRDA	B	-0.01%
PHAT	C	-0.01%
CNSL	A	-0.01%
JACK	F	-0.01%
TH	F	-0.01%
MATW	F	-0.01%
IMKTA	F	-0.01%
BCYC	D	-0.01%
IRON	C	-0.01%
BASE	F	-0.01%
GIII	C	-0.01%
SAVA	D	-0.01%
EYE	F	-0.01%
TRS	D	-0.01%
GMAB	F	-0.01%
PLAY	D	-0.01%
NNBR	C	-0.01%
ASTL	C	-0.01%
NNDM	C	-0.01%
SDGR	F	-0.01%
CNTA	B	-0.01%
KELYA	D	-0.01%
FLGT	F	-0.01%
WOOF	B	-0.01%
FWRG	F	-0.01%
PFC	D	-0.01%
BVS	B	-0.01%
MNTK	D	-0.01%
OPK	D	-0.01%
IREN	C	-0.01%
AVAH	D	-0.01%
RLAY	F	-0.01%
COMM	C	-0.01%
ICHR	D	-0.01%
CEVA	B	-0.01%
PGNY	F	-0.01%
CIFR	C	-0.01%
ODP	F	-0.01%
IBUY	A	-0.01%
TVTX	A	-0.01%
CBRL	D	-0.01%
KRNT	A	-0.01%
TREE	C	-0.01%
VIR	F	-0.01%
KALU	D	-0.01%
MRVI	F	-0.01%
DLO	D	-0.01%
GSM	D	-0.01%
VRNT	F	-0.01%
MOMO	B	-0.01%
ATSG	D	-0.01%
SPRY	C	-0.01%
BLMN	F	-0.01%
COHU	F	-0.01%
TARS	C	-0.01%
HBNC	D	-0.01%
ANAB	D	-0.01%
INMD	F	-0.01%
PCT	C	-0.01%
IMCR	F	-0.01%
VSEC	D	-0.01%
CMCO	D	-0.01%
THRM	F	-0.01%
NSSC	F	-0.01%
WULF	C	-0.01%
HTLD	F	-0.01%
IMTX	F	-0.01%
AVO	C	-0.01%
WABC	F	-0.01%
CLOV	B	-0.01%
NVEE	F	-0.01%
TRNS	D	-0.01%
BLBD	D	-0.01%
UDMY	F	-0.01%
PDFS	F	-0.01%
COLL	A	-0.01%
FWRD	D	-0.01%
TYRA	C	-0.01%
LBPH	D	-0.01%
DHC	C	-0.01%
COGT	B	-0.01%
CLSK	F	-0.01%
RDFN	C	-0.01%
HROW	B	-0.01%
PEBO	F	-0.01%
CDNA	B	-0.01%
CNDT	B	-0.01%
PFBC	D	-0.01%
NVAX	C	-0.01%
HTZ	F	-0.01%
AMSF	B	-0.01%
SABR	C	-0.01%
ANIP	F	-0.01%
RCKT	F	-0.01%
TCBK	D	-0.01%
SPT	F	-0.01%
ULCC	C	-0.01%
GDYN	B	-0.01%
VMEO	C	-0.01%
QNST	C	-0.01%
APOG	B	-0.01%
IQ	D	-0.01%
ULH	B	-0.01%
BCRX	D	-0.01%
ECPG	F	-0.01%
SCSC	D	-0.01%
RDWR	B	-0.01%
MRTN	F	-0.01%
MCRI	B	-0.01%
MBUU	D	-0.01%
SEDG	F	-0.01%
CRAI	B	-0.01%
DGII	B	-0.01%
OCFC	C	-0.01%
SCVL	D	-0.01%
NVCR	F	-0.01%
RNW	D	-0.01%
DAWN	D	-0.01%
GABC	D	-0.01%
INBK	D	-0.01%
CSGS	B	-0.01%
NEO	F	-0.01%
AUPH	C	-0.01%
SAFT	D	-0.01%
SVC	D	-0.01%
PLAB	D	-0.01%
CENTA	F	-0.01%
WINA	C	-0.01%
UNIT	B	-0.01%
PSNY	D	-0.01%
NAVI	D	-0.01%
TLRY	F	-0.01%
AOSL	D	-0.01%
INFN	C	-0.01%
ERII	C	-0.01%
MNKD	B	-0.01%
VITL	C	-0.01%
UPBD	F	-0.01%
LKFN	D	-0.01%
INVA	B	-0.01%
UCTT	D	-0.01%
MSEX	C	-0.01%
STAA	D	-0.01%
KURA	F	-0.01%
ENVX	D	-0.01%
ARDX	D	-0.01%
VRDN	B	-0.01%
MYRG	D	-0.01%
ANDE	D	-0.01%
PRDO	D	-0.01%
WVE	C	-0.01%
DVAX	F	-0.01%
VECO	F	-0.01%
AXNX	A	-0.01%
IAS	F	-0.01%
CAKE	A	-0.01%
SASR	B	-0.01%
LILAK	D	-0.01%
PDCO	F	-0.01%
NWBI	D	-0.01%
ZLAB	C	-0.01%
AHCO	D	-0.01%
JANX	C	-0.01%
TTMI	D	-0.01%
XNCR	D	-0.01%
BUSE	D	-0.01%
SIMO	D	-0.01%
DCOM	B	-0.01%
CENX	C	-0.01%
MGNI	D	-0.01%
WSBC	D	-0.01%
RXST	F	-0.01%
APPN	C	-0.01%
PAGP	B	-0.01%
DOOO	F	-0.01%
DNUT	F	-0.01%
AKRO	D	-0.01%
HLIT	D	-0.01%
ROIC	C	-0.01%
ARVN	F	-0.01%
PRVA	F	-0.01%
IDCC	A	-0.01%
SYBT	C	-0.01%
TRUP	B	-0.01%
VERA	C	-0.01%
AY	C	-0.01%
VRNA	B	-0.01%
VBTX	C	-0.01%
CHEF	C	-0.01%
ATEX	D	-0.01%
CNXN	C	-0.01%
CASH	C	-0.01%
SUPN	D	-0.01%
HOPE	B	-0.01%
BEAM	F	-0.01%
EVCM	D	-0.01%
OLPX	C	-0.01%
CRTO	D	-0.01%
FRME	D	-0.01%
VC	F	-0.01%
GGAL	B	-0.01%
IRTC	F	-0.01%
PLUG	D	-0.01%
EXTR	D	-0.01%
SNDX	F	-0.01%
MLCO	C	-0.01%
LAUR	C	-0.01%
AMRK	C	-0.01%
CHCO	D	-0.01%
MLKN	F	-0.01%
ALHC	C	-0.01%
TFIN	F	-0.01%
XRX	D	-0.01%
STRA	F	-0.01%
OSW	B	-0.01%
CLDX	F	-0.01%
GTX	F	-0.01%
TRMK	D	-0.01%
SKWD	A	-0.01%
SBCF	D	-0.01%
PTVE	D	-0.01%
VCEL	F	-0.01%
LGND	C	-0.01%
STBA	D	-0.01%
EFSC	D	-0.01%
WB	B	-0.01%
ATAT	A	-0.01%
RRR	D	-0.01%
HPK	D	-0.01%
TWST	D	-0.01%
PTGX	C	-0.01%
HEES	D	-0.01%
CLBK	F	-0.01%
WERN	D	-0.01%
SPNS	B	-0.01%
NTCT	C	-0.01%
CPRX	C	-0.01%
XPEL	D	-0.01%
FFBC	D	-0.01%
BANR	B	-0.01%
MGPI	F	-0.01%
RPD	D	-0.01%
SBLK	C	-0.01%
FBNC	B	-0.01%
HURN	D	-0.01%
HAIN	C	-0.01%
CMPR	F	-0.01%
YY	C	-0.01%
ATRC	C	-0.01%
INDB	D	-0.01%
HRMY	D	-0.01%
ROCK	D	-0.01%
ASTE	F	-0.01%
ARCB	F	-0.01%
GDS	B	-0.01%
MBIN	C	-0.01%
NARI	F	-0.01%
VCYT	C	-0.01%
LMAT	A	-0.01%
MYGN	D	-0.01%
IDYA	F	-0.01%
KYMR	D	-0.01%
ADUS	D	-0.01%
ALRM	F	-0.01%
RBCAA	C	-0.01%
LGIH	C	-0.01%
EWTX	B	-0.01%
MQ	F	-0.01%
VIAV	C	-0.01%
IOVA	D	-0.01%
NBTB	D	-0.01%
SWTX	F	-0.01%
MIRM	D	-0.01%
NMRK	C	-0.01%
KLIC	D	-0.01%
GT	F	-0.01%
TNDM	D	-0.01%
PPBI	D	-0.01%
CVBF	B	-0.01%
ARWR	F	-0.01%
AMRX	B	-0.01%
JAMF	F	-0.01%
ACLS	F	-0.01%
ZD	D	-0.01%
FROG	F	-0.01%
DIOD	F	-0.01%
FULT	D	-0.01%
AGIO	D	-0.01%
CARG	C	-0.01%
FRSH	F	-0.01%
GERN	D	-0.01%
BRZE	F	-0.01%
SMTC	C	-0.01%
MGRC	D	-0.01%
UFPT	D	-0.01%
GSHD	B	-0.01%
PSMT	A	-0.01%
ACAD	F	-0.01%
LIVN	C	-0.01%
KROS	C	-0.01%
JBLU	B	-0.01%
OMCL	C	-0.01%
PLMR	A	-0.01%
GH	F	-0.01%
ERIC	C	-0.01%
OSIS	C	-0.01%
AMPH	C	-0.01%
CGON	C	-0.01%
PRFT	A	-0.01%
TGTX	D	-0.01%
HTLF	B	-0.01%
FLNC	C	-0.01%
TOWN	C	-0.01%
NWE	C	-0.01%
IBTX	B	-0.01%
MRCY	B	-0.01%
BL	D	-0.01%
SKYW	B	-0.01%
IOSP	F	-0.01%
UPST	C	-0.01%
DRVN	C	-0.01%
GOGL	C	-0.01%
SNEX	B	-0.01%
EBC	B	-0.01%
VERX	B	-0.01%
DYN	D	-0.01%
PLUS	B	-0.01%
USLM	C	-0.01%
SYNA	F	-0.01%
NPAB	D	-0.01%
HUBG	D	-0.01%
PTCT	C	-0.01%
MRUS	D	-0.01%
TRMD	D	-0.01%
STNE	F	-0.01%
PRGS	A	-0.01%
CATY	B	-0.01%
EXPI	C	-0.01%
RYTM	C	-0.01%
FIBK	C	-0.01%
PAYO	A	-0.01%
AGYS	D	-0.01%
FORM	D	-0.01%
SFNC	B	-0.01%
OTTR	F	-0.01%
FTDR	B	-0.01%
WSFS	D	-0.01%
VICR	C	-0.01%
WAFD	D	-0.01%
AMBA	C	-0.01%
ASTH	B	-0.01%
ESGR	C	-0.01%
ACVA	C	-0.01%
URBN	F	-0.01%
LFST	C	-0.01%
HWKN	B	-0.01%
SATS	C	-0.01%
DORM	C	-0.01%
FA	A	-0.01%
POWL	B	-0.01%
NEOG	F	-0.01%
XENE	D	-0.01%
MGEE	C	-0.01%
SMPL	D	-0.01%
ROAD	C	-0.01%
POWI	F	-0.01%
TBBK	A	-0.01%
WDFC	B	-0.01%
FOLD	F	-0.01%
ICFI	C	-0.01%
CLBT	B	-0.01%
BANF	D	-0.01%
BILI	B	-0.01%
SHOO	A	-0.01%
PATK	A	-0.01%
ARLP	A	-0.01%
ALKT	D	-0.01%
CRSP	F	-0.01%
TCBI	B	-0.01%