IWR vs. ONEV ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to SPDR Russell 1000 Low Volatility Focus ETF (ONEV)

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 1000® Index.

Grade (RS Rating)

Last Trade

$92.62

Average Daily Volume

1,406,493

Number of Holdings ^*

802

* may have additional holdings in another (foreign) market

ONEV

SPDR Russell 1000 Low Volatility Focus ETF

ONEV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Low Volatility Focused Factor Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising low volatility characteristics. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$132.72

Average Daily Volume

6,815

Number of Holdings ^*

415

* may have additional holdings in another (foreign) market

Performance

Period	IWR	ONEV
30 Days	3.47%	2.11%
60 Days	8.08%	4.58%
90 Days	10.61%	7.21%
12 Months	32.89%	26.03%

394 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in ONEV	Overlap
	A	F	0.32%	0.43%	0.32%
	AAON	B	0.08%	0.12%	0.08%
	AAP	D	0.02%	0.05%	0.02%
	ACGL	D	0.3%	0.94%	0.3%
	ACI	C	0.07%	0.19%	0.07%
	ACM	B	0.12%	0.2%	0.12%
	ADC	A	0.06%	0.06%	0.06%
	ADM	F	0.2%	0.54%	0.2%
	AEE	A	0.19%	0.39%	0.19%
	AES	F	0.08%	0.04%	0.04%
	AFG	A	0.08%	0.08%	0.08%
	AGCO	F	0.05%	0.14%	0.05%
	AGO	B	0.04%	0.08%	0.04%
	AGR	C	0.02%	0.04%	0.02%
	AIZ	A	0.09%	0.17%	0.09%
	AKAM	F	0.11%	0.29%	0.11%
	ALK	A	0.05%	0.07%	0.05%
	ALLE	D	0.1%	0.23%	0.1%
	ALSN	A	0.08%	0.37%	0.08%
	AMCR	D	0.12%	0.35%	0.12%
	AME	A	0.36%	0.19%	0.19%
	AMED	F	0.03%	0.04%	0.03%
	AMG	B	0.05%	0.21%	0.05%
	AMH	C	0.1%	0.11%	0.1%
	ANSS	B	0.24%	0.29%	0.24%
	AOS	F	0.07%	0.25%	0.07%
	ARW	F	0.05%	0.08%	0.05%
	ASH	F	0.03%	0.07%	0.03%
	ATO	A	0.18%	0.63%	0.18%
	ATR	A	0.09%	0.23%	0.09%
	AVB	A	0.27%	0.27%	0.27%
	AVY	F	0.13%	0.17%	0.13%
	AWI	B	0.05%	0.11%	0.05%
	AWK	D	0.22%	0.16%	0.16%
	AXS	A	0.05%	0.1%	0.05%
	AXTA	A	0.07%	0.08%	0.07%
	AYI	B	0.08%	0.16%	0.08%
	BAH	C	0.19%	0.26%	0.19%
	BALL	D	0.15%	0.13%	0.13%
	BAX	F	0.14%	0.17%	0.14%
	BBY	D	0.16%	0.69%	0.16%
	BC	C	0.05%	0.06%	0.05%
	BEN	C	0.05%	0.06%	0.05%
	BERY	C	0.06%	0.13%	0.06%
	BFAM	F	0.05%	0.04%	0.04%
	BG	D	0.1%	0.16%	0.1%
	BJ	B	0.1%	0.34%	0.1%
	BR	A	0.21%	0.44%	0.21%
	BRBR	A	0.07%	0.08%	0.07%
	BRKR	F	0.05%	0.08%	0.05%
	BRO	A	0.22%	0.33%	0.22%
	BWA	B	0.06%	0.28%	0.06%
	BWXT	A	0.09%	0.16%	0.09%
	CACC	D	0.02%	0.02%	0.02%
	CACI	C	0.1%	0.37%	0.1%
	CAG	F	0.11%	0.21%	0.11%
	CAH	A	0.24%	1.05%	0.24%
	CASY	B	0.12%	0.54%	0.12%
	CBOE	D	0.17%	0.63%	0.17%
	CBRE	A	0.34%	0.31%	0.31%
	CBSH	A	0.07%	0.07%	0.07%
	CCK	D	0.09%	0.15%	0.09%
	CE	F	0.08%	0.15%	0.08%
	CF	B	0.12%	0.19%	0.12%
	CGNX	C	0.06%	0.04%	0.04%
	CHD	B	0.21%	0.21%	0.21%
	CHE	D	0.07%	0.3%	0.07%
	CHH	B	0.03%	0.07%	0.03%
	CHRW	A	0.1%	0.11%	0.1%
	CHTR	B	0.3%	0.54%	0.3%
	CIEN	B	0.08%	0.14%	0.08%
	CINF	A	0.18%	0.68%	0.18%
	CLX	A	0.17%	0.3%	0.17%
	CMI	A	0.39%	0.69%	0.39%
	CMS	C	0.16%	0.28%	0.16%
	CNA	C	0.01%	0.02%	0.01%
	CNC	F	0.26%	0.64%	0.26%
	CNH	D	0.08%	0.06%	0.06%
	CNM	D	0.07%	0.18%	0.07%
	CNP	B	0.16%	0.25%	0.16%
	COKE	C	0.06%	0.12%	0.06%
	COLM	B	0.02%	0.1%	0.02%
	COR	A	0.33%	0.67%	0.33%
	CPAY	A	0.2%	0.24%	0.2%
	CPB	F	0.07%	0.2%	0.07%
	CPT	C	0.1%	0.22%	0.1%
	CR	B	0.07%	0.12%	0.07%
	CRI	D	0.01%	0.06%	0.01%
	CRL	C	0.09%	0.08%	0.08%
	CRUS	F	0.05%	0.16%	0.05%
	CSL	B	0.17%	0.19%	0.17%
	CTRA	B	0.15%	0.3%	0.15%
	CTSH	A	0.32%	1.43%	0.32%
	CTVA	C	0.33%	0.15%	0.15%
	CUBE	D	0.09%	0.31%	0.09%
	CW	B	0.12%	0.15%	0.12%
	CWEN	D	0.02%	0.02%	0.02%
	CWEN	D	0.01%	0.04%	0.01%
	CWEN	D	0.02%	0.04%	0.02%
	CWEN	D	0.01%	0.02%	0.01%
	CXT	D	0.02%	0.06%	0.02%
	DBX	B	0.05%	0.24%	0.05%
	DCI	A	0.08%	0.26%	0.08%
	DG	F	0.14%	0.32%	0.14%
	DGX	A	0.14%	0.39%	0.14%
	DHI	F	0.41%	0.33%	0.33%
	DINO	D	0.05%	0.05%	0.05%
	DLB	C	0.04%	0.16%	0.04%
	DLTR	F	0.1%	0.18%	0.1%
	DNB	B	0.03%	0.05%	0.03%
	DOV	A	0.22%	0.18%	0.18%
	DOX	C	0.09%	0.38%	0.09%
	DPZ	C	0.13%	0.18%	0.13%
	DTE	D	0.2%	0.19%	0.19%
	DTM	B	0.08%	0.2%	0.08%
	DVA	C	0.06%	0.19%	0.06%
	EA	A	0.34%	0.75%	0.34%
	EBAY	C	0.25%	0.63%	0.25%
	ED	D	0.28%	0.32%	0.28%
	EEFT	C	0.04%	0.04%	0.04%
	EG	D	0.13%	0.57%	0.13%
	EGP	C	0.07%	0.12%	0.07%
	EHC	A	0.08%	0.27%	0.08%
	EIX	C	0.26%	0.24%	0.24%
	ELS	C	0.11%	0.21%	0.11%
	EME	B	0.19%	0.32%	0.19%
	EMN	D	0.1%	0.21%	0.1%
	EQR	C	0.23%	0.23%	0.23%
	ES	D	0.17%	0.13%	0.13%
	ESAB	B	0.06%	0.06%	0.06%
	ESI	B	0.05%	0.06%	0.05%
	ESS	C	0.16%	0.13%	0.13%
	ETR	B	0.26%	0.53%	0.26%
	EVR	B	0.09%	0.14%	0.09%
	EVRG	A	0.11%	0.31%	0.11%
	EXC	C	0.31%	0.35%	0.31%
	EXEL	B	0.08%	0.19%	0.08%
	EXP	B	0.08%	0.17%	0.08%
	EXPD	D	0.14%	0.37%	0.14%
	FAF	C	0.05%	0.04%	0.04%
	FAST	A	0.39%	0.63%	0.39%
	FBIN	F	0.08%	0.09%	0.08%
	FCN	F	0.06%	0.15%	0.06%
	FCNCA	B	0.21%	0.16%	0.16%
	FDS	A	0.15%	0.46%	0.15%
	FE	D	0.19%	0.19%	0.19%
	FFIV	A	0.11%	0.51%	0.11%
	FHB	B	0.03%	0.02%	0.02%
	FIVE	F	0.04%	0.04%	0.04%
	FIX	B	0.13%	0.13%	0.13%
	FLO	F	0.03%	0.12%	0.03%
	FLS	B	0.06%	0.06%	0.06%
	FMC	F	0.06%	0.04%	0.04%
	FOX	A	0.04%	0.18%	0.04%
	FOXA	A	0.08%	0.33%	0.08%
	FR	C	0.06%	0.17%	0.06%
	FTRE	D	0.02%	0.06%	0.02%
	FTV	D	0.21%	0.18%	0.18%
	FYBR	D	0.07%	0.1%	0.07%
	G	B	0.07%	0.26%	0.07%
	GDDY	A	0.2%	0.3%	0.2%
	GEHC	F	0.31%	0.5%	0.31%
	GEN	A	0.13%	0.26%	0.13%
	GGG	B	0.12%	0.28%	0.12%
	GIS	F	0.3%	0.35%	0.3%
	GL	B	0.08%	0.26%	0.08%
	GNTX	C	0.06%	0.25%	0.06%
	GO	C	0.01%	0.06%	0.01%
	GPC	D	0.14%	0.53%	0.14%
	GPK	D	0.07%	0.17%	0.07%
	GRMN	A	0.27%	0.5%	0.27%
	GTES	B	0.03%	0.03%	0.03%
	GWW	B	0.42%	0.42%	0.42%
	GXO	B	0.06%	0.09%	0.06%
	HIG	C	0.28%	0.26%	0.26%
	HII	D	0.07%	0.25%	0.07%
	HIW	D	0.03%	0.04%	0.03%
	HLI	B	0.08%	0.3%	0.08%
	HOG	F	0.03%	0.03%	0.03%
	HOLX	D	0.15%	0.21%	0.15%
	HPE	B	0.23%	0.61%	0.23%
	HRB	D	0.07%	0.3%	0.07%
	HRL	F	0.07%	0.12%	0.07%
	HSIC	F	0.07%	0.07%	0.07%
	HST	C	0.1%	0.17%	0.1%
	HSY	D	0.21%	0.27%	0.21%
	HUBB	B	0.2%	0.13%	0.13%
	HUM	D	0.28%	0.75%	0.28%
	HUN	F	0.03%	0.05%	0.03%
	IBKR	A	0.15%	0.11%	0.11%
	IDA	A	0.05%	0.13%	0.05%
	IEX	B	0.14%	0.23%	0.14%
	INCY	B	0.11%	0.43%	0.11%
	INGR	B	0.08%	0.36%	0.08%
	IP	C	0.16%	0.47%	0.16%
	IPG	F	0.09%	0.25%	0.09%
	IPGP	C	0.02%	0.07%	0.02%
	IRDM	C	0.03%	0.04%	0.03%
	ITT	A	0.1%	0.17%	0.1%
	J	B	0.15%	0.35%	0.15%
	JAZZ	B	0.06%	0.27%	0.06%
	JBHT	B	0.13%	0.27%	0.13%
	JBL	C	0.12%	0.47%	0.12%
	JHG	B	0.05%	0.15%	0.05%
	JKHY	C	0.11%	0.22%	0.11%
	JNPR	D	0.1%	0.41%	0.1%
	K	A	0.17%	0.39%	0.17%
	KEX	B	0.06%	0.07%	0.06%
	KEYS	C	0.23%	0.37%	0.23%
	KNSL	C	0.08%	0.16%	0.08%
	KNX	B	0.08%	0.18%	0.08%
	KR	A	0.32%	0.57%	0.32%
	KRC	C	0.04%	0.06%	0.04%
	KVUE	B	0.37%	0.57%	0.37%
	L	A	0.12%	0.21%	0.12%
	LAMR	D	0.09%	0.17%	0.09%
	LBRDA	C	0.01%	0.02%	0.01%
	LBRDK	C	0.09%	0.12%	0.09%
	LDOS	B	0.22%	0.64%	0.22%
	LEA	F	0.04%	0.13%	0.04%
	LECO	C	0.1%	0.29%	0.1%
	LEG	F	0.01%	0.04%	0.01%
	LFUS	D	0.05%	0.06%	0.05%
	LH	A	0.17%	0.55%	0.17%
	LII	B	0.16%	0.17%	0.16%
	LKQ	D	0.08%	0.13%	0.08%
	LNT	C	0.12%	0.19%	0.12%
	LOPE	B	0.04%	0.18%	0.04%
	LPLA	B	0.19%	0.16%	0.16%
	LSTR	B	0.06%	0.24%	0.06%
	LUV	B	0.15%	0.36%	0.15%
	MAA	C	0.15%	0.31%	0.15%
	MAN	F	0.02%	0.1%	0.02%
	MAS	D	0.14%	0.33%	0.14%
	MAT	C	0.05%	0.19%	0.05%
	MDU	F	0.03%	0.07%	0.03%
	MIDD	C	0.06%	0.04%	0.04%
	MKC	D	0.16%	0.19%	0.16%
	MKL	A	0.17%	0.45%	0.17%
	MKTX	C	0.08%	0.19%	0.08%
	MOH	F	0.15%	0.34%	0.15%
	MORN	B	0.08%	0.06%	0.06%
	MSA	D	0.05%	0.05%	0.05%
	MSCI	B	0.37%	0.31%	0.31%
	MSGS	C	0.03%	0.11%	0.03%
	MSM	B	0.03%	0.15%	0.03%
	MTD	F	0.22%	0.17%	0.17%
	MTG	C	0.05%	0.18%	0.05%
	MTN	D	0.05%	0.17%	0.05%
	MUSA	B	0.08%	0.26%	0.08%
	NBIX	C	0.1%	0.11%	0.1%
	NDAQ	A	0.26%	0.18%	0.18%
	NDSN	B	0.12%	0.08%	0.08%
	NEU	C	0.03%	0.13%	0.03%
	NFG	C	0.04%	0.19%	0.04%
	NI	A	0.13%	0.27%	0.13%
	NNN	F	0.06%	0.11%	0.06%
	NRG	B	0.16%	0.13%	0.13%
	NSA	D	0.02%	0.06%	0.02%
	NTAP	D	0.21%	0.56%	0.21%
	NUE	C	0.31%	0.37%	0.31%
	NVR	D	0.22%	0.42%	0.22%
	NVST	C	0.03%	0.04%	0.03%
	NWL	B	0.03%	0.08%	0.03%
	NWS	B	0.03%	0.04%	0.03%
	NWSA	B	0.09%	0.12%	0.09%
	NXST	C	0.04%	0.07%	0.04%
	NYT	C	0.07%	0.2%	0.07%
	OC	A	0.13%	0.2%	0.13%
	ODFL	B	0.36%	0.18%	0.18%
	OGE	B	0.07%	0.26%	0.07%
	OGN	F	0.03%	0.08%	0.03%
	OLLI	C	0.05%	0.04%	0.04%
	OMC	B	0.16%	0.49%	0.16%
	ORI	A	0.07%	0.17%	0.07%
	OSK	B	0.06%	0.17%	0.06%
	OTIS	C	0.33%	0.28%	0.28%
	OZK	B	0.04%	0.05%	0.04%
	PAG	B	0.02%	0.02%	0.02%
	PAYX	B	0.39%	0.33%	0.33%
	PB	B	0.06%	0.06%	0.06%
	PEG	C	0.35%	0.37%	0.35%
	PHM	D	0.22%	0.28%	0.22%
	PII	F	0.03%	0.12%	0.03%
	PINC	A	0.02%	0.1%	0.02%
	PKG	B	0.17%	0.32%	0.17%
	PNR	A	0.14%	0.14%	0.14%
	PNW	B	0.08%	0.24%	0.08%
	POOL	D	0.11%	0.38%	0.11%
	POST	D	0.04%	0.13%	0.04%
	PPC	B	0.02%	0.02%	0.02%
	PPG	F	0.24%	0.21%	0.21%
	PPL	A	0.2%	0.24%	0.2%
	PRGO	C	0.03%	0.09%	0.03%
	PRI	A	0.08%	0.21%	0.08%
	PSN	B	0.04%	0.16%	0.04%
	QRVO	F	0.05%	0.09%	0.05%
	R	A	0.06%	0.08%	0.06%
	REYN	D	0.01%	0.05%	0.01%
	RGLD	C	0.08%	0.17%	0.08%
	RHI	B	0.06%	0.28%	0.06%
	RL	B	0.07%	0.25%	0.07%
	RLI	A	0.06%	0.26%	0.06%
	RNR	D	0.11%	0.5%	0.11%
	ROK	B	0.25%	0.24%	0.24%
	ROL	B	0.11%	0.21%	0.11%
	RPM	A	0.14%	0.23%	0.14%
	RPRX	F	0.08%	0.37%	0.08%
	RS	B	0.15%	0.66%	0.15%
	RYN	F	0.04%	0.1%	0.04%
	SAIC	C	0.06%	0.28%	0.06%
	SAM	B	0.02%	0.03%	0.02%
	SBAC	D	0.19%	0.25%	0.19%
	SCI	B	0.1%	0.31%	0.1%
	SEB	D	0.01%	0.02%	0.01%
	SEE	C	0.04%	0.02%	0.02%
	SEIC	A	0.06%	0.29%	0.06%
	SIRI	D	0.05%	0.17%	0.05%
	SITE	D	0.05%	0.07%	0.05%
	SJM	F	0.1%	0.24%	0.1%
	SKX	F	0.07%	0.21%	0.07%
	SLGN	A	0.04%	0.1%	0.04%
	SN	C	0.06%	0.06%	0.06%
	SNA	A	0.15%	0.55%	0.15%
	SNDR	B	0.01%	0.05%	0.01%
	SNX	C	0.08%	0.12%	0.08%
	SOLV	D	0.08%	0.36%	0.08%
	SON	D	0.04%	0.14%	0.04%
	SSD	D	0.07%	0.16%	0.07%
	SSNC	C	0.13%	0.17%	0.13%
	ST	F	0.04%	0.02%	0.02%
	STAG	D	0.05%	0.08%	0.05%
	STE	F	0.17%	0.19%	0.17%
	STLD	B	0.18%	0.24%	0.18%
	SWKS	F	0.12%	0.51%	0.12%
	SYF	B	0.2%	0.14%	0.14%
	SYY	B	0.31%	0.23%	0.23%
	TAP	B	0.08%	0.24%	0.08%
	TDY	A	0.18%	0.09%	0.09%
	TECH	B	0.1%	0.1%	0.1%
	TFX	F	0.08%	0.11%	0.08%
	THG	A	0.05%	0.04%	0.04%
	TKR	F	0.04%	0.05%	0.04%
	TNL	A	0.03%	0.02%	0.02%
	TROW	B	0.21%	0.59%	0.21%
	TSCO	C	0.25%	0.51%	0.25%
	TSN	C	0.14%	0.14%	0.14%
	TTC	F	0.07%	0.14%	0.07%
	TTEK	C	0.1%	0.07%	0.07%
	TW	C	0.12%	0.16%	0.12%
	TXRH	A	0.11%	0.12%	0.11%
	TXT	C	0.13%	0.19%	0.13%
	UA	B	0.01%	0.01%	0.01%
	UAA	B	0.01%	0.01%	0.01%
	UDR	C	0.12%	0.18%	0.12%
	UGI	D	0.04%	0.1%	0.04%
	UHAL	C	0.05%	0.01%	0.01%
	UHAL	C	0.0%	0.08%	0.0%
	UHAL	C	0.05%	0.08%	0.05%
	UHAL	C	0.0%	0.01%	0.0%
	UHS	D	0.1%	0.19%	0.1%
	UTHR	B	0.15%	0.64%	0.15%
	VFC	C	0.06%	0.17%	0.06%
	VICI	D	0.27%	0.27%	0.27%
	VIRT	B	0.02%	0.03%	0.02%
	VMC	B	0.31%	0.15%	0.15%
	VMI	B	0.06%	0.13%	0.06%
	VNT	B	0.05%	0.11%	0.05%
	VOYA	B	0.07%	0.07%	0.07%
	VRSK	A	0.33%	0.26%	0.26%
	VRSN	C	0.13%	0.57%	0.13%
	VST	B	0.4%	0.25%	0.25%
	VSTS	D	0.02%	0.06%	0.02%
	VTRS	B	0.12%	0.3%	0.12%
	VVV	B	0.05%	0.18%	0.05%
	WBA	D	0.05%	0.05%	0.05%
	WEC	B	0.25%	0.35%	0.25%
	WH	A	0.06%	0.04%	0.04%
	WHR	B	0.05%	0.15%	0.05%
	WLK	F	0.04%	0.03%	0.03%
	WPC	F	0.1%	0.21%	0.1%
	WRB	B	0.14%	0.38%	0.14%
	WSC	F	0.06%	0.04%	0.04%
	WSO	A	0.15%	0.24%	0.15%
	WST	B	0.19%	0.27%	0.19%
	WTRG	C	0.08%	0.14%	0.08%
	WTW	A	0.26%	0.26%	0.26%
	WU	F	0.02%	0.13%	0.02%
	WWD	B	0.09%	0.04%	0.04%
	WY	F	0.19%	0.21%	0.19%
	XEL	A	0.3%	0.51%	0.3%
	XRAY	F	0.03%	0.06%	0.03%
	YUM	B	0.31%	0.33%	0.31%
	ZBH	C	0.18%	0.23%	0.18%

IWR Overweight 412 Positions Relative to ONEV

	Symbol	Grade	Weight
	PLTR	B	0.95%
	APP	B	0.62%
	WMB	B	0.56%
	AJG	A	0.52%
	OKE	A	0.51%
	AFL	C	0.49%
	HLT	A	0.49%
	DLR	C	0.48%
	SPG	B	0.47%
	URI	B	0.47%
	BK	B	0.46%
	TTD	B	0.45%
	AMP	A	0.45%
	FICO	B	0.45%
	RCL	A	0.43%
	COIN	B	0.43%
	ALL	A	0.42%
	KMI	B	0.42%
	O	D	0.41%
	LHX	A	0.4%
	FIS	B	0.4%
	PWR	B	0.39%
	LNG	B	0.38%
	ROST	F	0.38%
	CCI	F	0.37%
	HWM	A	0.37%
	PCG	A	0.36%
	VRT	B	0.36%
	BKR	B	0.35%
	AXON	B	0.35%
	DFS	B	0.35%
	PRU	B	0.35%
	IR	A	0.34%
	SQ	B	0.34%
	FERG	B	0.34%
	TRGP	B	0.34%
	MSTR	B	0.34%
	LEN	D	0.33%
	IT	A	0.33%
	DAL	A	0.32%
	IQV	F	0.32%
	HES	C	0.32%
	MLM	B	0.31%
	MCHP	F	0.31%
	RMD	C	0.3%
	DDOG	B	0.3%
	GLW	C	0.3%
	DD	D	0.29%
	IDXX	D	0.29%
	MPWR	F	0.29%
	HPQ	B	0.29%
	FANG	D	0.28%
	VEEV	B	0.28%
	MTB	B	0.28%
	IRM	D	0.28%
	ALNY	D	0.28%
	EXR	D	0.28%
	WAB	A	0.28%
	EFX	D	0.27%
	FITB	A	0.26%
	HUBS	B	0.26%
	DOW	F	0.26%
	TTWO	A	0.25%
	ARES	B	0.25%
	CSGP	D	0.25%
	RJF	A	0.24%
	XYL	D	0.24%
	ON	F	0.24%
	CPNG	B	0.23%
	DXCM	C	0.23%
	GPN	B	0.23%
	STT	B	0.23%
	UAL	B	0.23%
	DECK	B	0.22%
	RBLX	B	0.22%
	CDW	F	0.22%
	SW	C	0.22%
	NET	B	0.22%
	HAL	C	0.21%
	TPL	B	0.21%
	VLTO	C	0.21%
	VTR	C	0.21%
	CVNA	B	0.21%
	TYL	B	0.21%
	EQT	B	0.2%
	DVN	F	0.2%
	HBAN	B	0.2%
	BIIB	F	0.2%
	PTC	B	0.19%
	EXPE	B	0.19%
	RF	B	0.19%
	IFF	F	0.19%
	CCL	A	0.19%
	ILMN	C	0.19%
	LYB	F	0.18%
	WBD	B	0.18%
	WAT	A	0.18%
	WDC	D	0.18%
	ZBRA	A	0.17%
	MDB	C	0.17%
	INVH	D	0.17%
	FSLR	F	0.17%
	TRU	D	0.17%
	CFG	B	0.17%
	NTRS	A	0.17%
	EXE	A	0.17%
	ZM	B	0.17%
	BLDR	D	0.17%
	LYV	B	0.16%
	PFG	C	0.16%
	ARE	F	0.16%
	DRI	B	0.16%
	COO	D	0.16%
	HOOD	B	0.16%
	ZS	B	0.15%
	DKNG	B	0.15%
	ULTA	C	0.15%
	PODD	B	0.15%
	TOST	A	0.14%
	BURL	C	0.14%
	FWONK	A	0.14%
	NTNX	B	0.14%
	TER	F	0.14%
	MANH	C	0.14%
	XPO	B	0.14%
	PINS	F	0.14%
	KEY	B	0.14%
	TRMB	B	0.14%
	LVS	C	0.14%
	SUI	D	0.13%
	DT	C	0.13%
	THC	B	0.13%
	TWLO	A	0.13%
	ENTG	D	0.13%
	GWRE	A	0.13%
	DOC	C	0.13%
	MRO	B	0.13%
	TOL	C	0.13%
	DOCU	B	0.13%
	PSTG	D	0.13%
	KIM	A	0.13%
	WSM	F	0.13%
	HEI	B	0.13%
	ALGN	F	0.13%
	EQH	B	0.12%
	SAIA	B	0.12%
	COHR	B	0.12%
	RGA	A	0.12%
	RVTY	C	0.12%
	NTRA	B	0.12%
	FNF	C	0.12%
	USFD	A	0.12%
	APTV	D	0.12%
	AVTR	F	0.12%
	BXP	D	0.11%
	GLPI	D	0.11%
	PFGC	B	0.11%
	CLH	B	0.11%
	SOFI	B	0.11%
	REG	A	0.11%
	SWK	F	0.11%
	EWBC	B	0.11%
	ALB	B	0.1%
	KMX	C	0.1%
	DUOL	B	0.1%
	TPR	B	0.1%
	SMCI	F	0.1%
	DAY	C	0.1%
	OKTA	C	0.1%
	FTI	B	0.1%
	JEF	A	0.1%
	NVT	B	0.1%
	BMRN	F	0.1%
	JLL	C	0.1%
	EPAM	B	0.1%
	FND	F	0.09%
	CTLT	D	0.09%
	AFRM	B	0.09%
	FHN	A	0.09%
	SRPT	F	0.09%
	GNRC	B	0.09%
	CAVA	B	0.09%
	UNM	A	0.09%
	AA	C	0.09%
	DKS	F	0.09%
	OVV	C	0.09%
	CG	C	0.09%
	HEI	B	0.09%
	SF	B	0.09%
	OWL	B	0.09%
	RRX	C	0.09%
	PAYC	B	0.09%
	LW	C	0.09%
	BLD	F	0.09%
	NCLH	B	0.09%
	Z	B	0.09%
	REXR	F	0.08%
	GME	C	0.08%
	LNW	F	0.08%
	PCTY	A	0.08%
	ROKU	C	0.08%
	EXAS	F	0.08%
	ITCI	C	0.08%
	FRT	C	0.08%
	TKO	D	0.08%
	WMS	F	0.08%
	KBR	B	0.08%
	WAL	B	0.08%
	GLOB	B	0.08%
	PR	C	0.08%
	WBS	A	0.08%
	NLY	C	0.08%
	WING	D	0.08%
	LAD	B	0.08%
	CHDN	C	0.08%
	OHI	C	0.08%
	ARMK	B	0.08%
	ALLY	C	0.08%
	VNO	C	0.07%
	SNV	B	0.07%
	CHRD	F	0.07%
	CFR	B	0.07%
	CART	C	0.07%
	PLNT	A	0.07%
	WTFC	B	0.07%
	ZION	B	0.07%
	OLED	F	0.07%
	APG	B	0.07%
	AR	B	0.07%
	MGM	D	0.07%
	WYNN	F	0.07%
	ONTO	F	0.07%
	BRX	A	0.07%
	PEN	B	0.07%
	RIVN	D	0.07%
	CMA	A	0.07%
	CZR	F	0.07%
	ENPH	F	0.07%
	MOS	D	0.07%
	HAS	D	0.07%
	WCC	B	0.07%
	MTZ	B	0.07%
	AAL	B	0.07%
	RBC	B	0.07%
	GMED	B	0.07%
	TPX	B	0.07%
	X	C	0.07%
	MEDP	C	0.07%
	PNFP	B	0.07%
	AZEK	B	0.06%
	H	B	0.06%
	ELAN	D	0.06%
	MASI	B	0.06%
	ESTC	C	0.06%
	BIO	C	0.06%
	AGNC	C	0.06%
	DOCS	B	0.06%
	GTLB	B	0.06%
	LPX	B	0.06%
	ATI	D	0.06%
	VKTX	D	0.06%
	FRPT	B	0.06%
	RYAN	A	0.06%
	LSCC	D	0.06%
	PCOR	B	0.06%
	SMAR	A	0.06%
	WEX	D	0.06%
	S	B	0.06%
	MTSI	B	0.06%
	MHK	D	0.06%
	MKSI	C	0.06%
	RRC	B	0.06%
	RGEN	C	0.06%
	MTCH	F	0.06%
	TREX	C	0.06%
	BILL	A	0.06%
	APA	F	0.06%
	THO	B	0.05%
	LITE	A	0.05%
	INSP	F	0.05%
	FNB	A	0.05%
	PVH	C	0.05%
	PATH	C	0.05%
	CROX	F	0.05%
	U	F	0.05%
	STWD	D	0.05%
	IONS	F	0.05%
	CLF	D	0.05%
	ETSY	C	0.05%
	OMF	A	0.05%
	FOUR	B	0.05%
	WFRD	D	0.05%
	KD	A	0.05%
	COLB	B	0.05%
	LAZ	C	0.05%
	DAR	B	0.05%
	LYFT	B	0.05%
	NOV	C	0.05%
	ELF	C	0.05%
	COLD	F	0.05%
	IVZ	C	0.05%
	CFLT	B	0.05%
	PARA	C	0.05%
	AZPN	A	0.05%
	MTDR	C	0.05%
	BPOP	C	0.05%
	BBWI	C	0.05%
	HR	C	0.05%
	BSY	F	0.05%
	GFS	C	0.04%
	GAP	B	0.04%
	RARE	D	0.04%
	WTM	A	0.04%
	CUZ	C	0.04%
	HCP	A	0.04%
	AL	B	0.04%
	RH	C	0.04%
	HXL	D	0.04%
	SLM	B	0.04%
	ROIV	C	0.04%
	AVT	C	0.04%
	BYD	A	0.04%
	CELH	F	0.04%
	BROS	B	0.04%
	CCCS	B	0.04%
	APPF	B	0.04%
	AM	B	0.04%
	OLN	D	0.04%
	LNC	B	0.04%
	CIVI	F	0.04%
	RITM	C	0.04%
	VNOM	C	0.04%
	TPG	B	0.04%
	AMKR	F	0.03%
	PENN	B	0.03%
	BHF	B	0.03%
	RNG	B	0.03%
	APLS	F	0.03%
	ECG	C	0.03%
	YETI	C	0.03%
	LBTYA	F	0.03%
	LBTYK	F	0.03%
	VAC	B	0.03%
	WEN	C	0.03%
	ZG	B	0.03%
	EPR	D	0.03%
	NCNO	B	0.03%
	SPR	F	0.03%
	W	F	0.03%
	ACHC	F	0.03%
	ZI	D	0.03%
	PEGA	A	0.03%
	DXC	B	0.03%
	IAC	F	0.03%
	KMPR	A	0.03%
	LINE	F	0.03%
	AMTM	D	0.03%
	AN	C	0.03%
	M	D	0.03%
	CLVT	F	0.02%
	KSS	F	0.02%
	CNXC	F	0.02%
	ALAB	B	0.02%
	RKT	F	0.02%
	LCID	F	0.02%
	RCM	B	0.02%
	HAYW	C	0.02%
	ADT	B	0.02%
	JWN	B	0.02%
	CPRI	F	0.02%
	QDEL	F	0.02%
	AZTA	F	0.02%
	SHC	D	0.02%
	SPB	B	0.02%
	ENOV	C	0.02%
	MP	C	0.02%
	BOKF	B	0.02%
	HHH	B	0.02%
	ALGM	F	0.02%
	FIVN	C	0.02%
	COTY	F	0.02%
	DV	C	0.02%
	LLYVK	B	0.02%
	TDC	D	0.02%
	MPW	F	0.02%
	CC	C	0.02%
	PK	B	0.02%
	SMG	D	0.02%
	UWMC	F	0.01%
	TFSL	A	0.01%
	LOAR	C	0.01%
	AS	B	0.01%
	DDS	C	0.01%
	LLYVA	B	0.01%
	WOLF	F	0.01%
	PYCR	B	0.01%
	UI	B	0.01%
	CERT	F	0.01%
	CAR	C	0.01%
	INFA	D	0.01%
	TXG	F	0.01%
	TRIP	D	0.01%
	FWONA	A	0.01%
	QS	F	0.01%
	BIRK	F	0.01%
	LEN	D	0.01%
	DJT	D	0.01%
	PARAA	B	0.0%
	SEG	F	0.0%
	GRAL	B	0.0%
	NFE	F	0.0%
	PLTK	B	0.0%

IWR Underweight 25 Positions Relative to ONEV

	Symbol	Grade	Weight
	BMY	B	-1.32%
	GILD	C	-0.91%
	ORLY	A	-0.72%
	MCK	A	-0.7%
	AZO	C	-0.68%
	PSA	C	-0.65%
	MO	A	-0.57%
	AON	A	-0.56%
	PCAR	B	-0.47%
	TGT	C	-0.46%
	KMB	F	-0.42%
	TRV	B	-0.36%
	SRE	A	-0.36%
	ITW	A	-0.34%
	D	D	-0.32%
	NOC	C	-0.29%
	CVS	F	-0.29%
	AEP	D	-0.28%
	CSX	B	-0.27%
	FDX	B	-0.26%
	CL	F	-0.25%
	RSG	A	-0.18%
	KHC	F	-0.17%
	MNST	B	-0.17%
	QGEN	D	-0.15%

IWR: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Biotechnology Diagnostics & Research Software - Infrastructure Business Services Utilities - Regulated Electric Asset Management Oil & Gas E&P Specialty Retail Packaged Foods Packaging & Containers Information Technology Services Semiconductors Building Materials Capital Markets Insurance - Property & Casualty REIT - Residential Specialty Chemicals

Keywords: S&P 500 Computing Natural Gas Insurance Nasdaq 100 Real Estate Investment Trust Electronics Banking Aerospace Bank Chemical Electricity Telecommunications Mining Medicine Insurance Products Semiconductor Biotechnology Beverage Cloud Computing

ONEV: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Packaged Foods Business Services Packaging & Containers Insurance - Property & Casualty Specialty Retail Capital Markets Biotechnology REIT - Residential Building Materials Diagnostics & Research Medical Instruments & Supplies Scientific & Technical Instruments Utilities - Diversified Apparel Manufacturing Asset Management Household & Personal Products REIT - Industrial Specialty Chemicals

Keywords: S&P 500 Electricity Insurance Electronics Nasdaq 100 Natural Gas Chemical Aerospace Mining Real Estate Investment Trust Beverage Telecommunications Insurance Products Plastic Transport Adhesives Biotechnology Metals Plumbing Banking