IWR vs. VONG ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Vanguard Russell 1000 Growth ETF (VONG)

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

$95.52

Average Daily Volume

1,472,625

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

VONG

Vanguard Russell 1000 Growth ETF

VONG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization growth stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000® Growth Index. The index is designed to measure the performance of large-capitalization growth stocks in the United States. 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

$101.55

Average Daily Volume

702,544

Number of Holdings ^*

386

* may have additional holdings in another (foreign) market

Performance

Period	IWR	VONG
30 Days	8.18%	2.98%
60 Days	8.90%	5.07%
90 Days	11.40%	7.86%
12 Months	34.87%	36.60%

282 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in VONG	Overlap
	AAL	B	0.08%	0.0%	0.0%
	AAON	B	0.08%	0.03%	0.03%
	AJG	A	0.52%	0.02%	0.02%
	ALGN	D	0.14%	0.03%	0.03%
	ALL	B	0.43%	0.03%	0.03%
	ALLY	C	0.08%	0.0%	0.0%
	ALNY	D	0.24%	0.11%	0.11%
	AM	B	0.04%	0.01%	0.01%
	AMP	B	0.46%	0.17%	0.17%
	APLS	D	0.02%	0.01%	0.01%
	APP	B	0.63%	0.16%	0.16%
	APPF	B	0.04%	0.02%	0.02%
	ARES	B	0.25%	0.11%	0.11%
	AVY	D	0.13%	0.02%	0.02%
	AWI	B	0.06%	0.01%	0.01%
	AXON	B	0.35%	0.11%	0.11%
	AZEK	B	0.05%	0.02%	0.02%
	BAH	F	0.16%	0.08%	0.08%
	BFAM	F	0.05%	0.0%	0.0%
	BILL	A	0.07%	0.01%	0.01%
	BLD	C	0.09%	0.0%	0.0%
	BLDR	C	0.17%	0.01%	0.01%
	BPOP	B	0.06%	0.0%	0.0%
	BR	A	0.22%	0.08%	0.08%
	BRKR	F	0.05%	0.01%	0.01%
	BRO	B	0.22%	0.04%	0.04%
	BROS	B	0.04%	0.01%	0.01%
	BSY	D	0.05%	0.02%	0.02%
	BURL	B	0.14%	0.06%	0.06%
	BWXT	B	0.1%	0.01%	0.01%
	CACC	D	0.02%	0.01%	0.01%
	CAH	B	0.24%	0.06%	0.06%
	CAR	C	0.01%	0.0%	0.0%
	CASY	B	0.12%	0.01%	0.01%
	CC	C	0.02%	0.0%	0.0%
	CDW	F	0.2%	0.05%	0.05%
	CE	F	0.07%	0.01%	0.01%
	CELH	F	0.04%	0.02%	0.02%
	CFLT	B	0.06%	0.02%	0.02%
	CGNX	C	0.06%	0.0%	0.0%
	CHDN	B	0.08%	0.04%	0.04%
	CHE	D	0.07%	0.0%	0.0%
	CHH	A	0.03%	0.01%	0.01%
	CIVI	D	0.04%	0.0%	0.0%
	CLF	F	0.04%	0.01%	0.01%
	CLX	C	0.17%	0.07%	0.07%
	CNM	D	0.07%	0.02%	0.02%
	COIN	B	0.5%	0.11%	0.11%
	COR	C	0.33%	0.14%	0.14%
	CPAY	A	0.2%	0.08%	0.08%
	CPNG	D	0.23%	0.11%	0.11%
	CROX	F	0.05%	0.0%	0.0%
	CSL	B	0.17%	0.01%	0.01%
	CVNA	B	0.21%	0.03%	0.03%
	DAY	A	0.09%	0.0%	0.0%
	DBX	C	0.05%	0.01%	0.01%
	DDOG	A	0.31%	0.14%	0.14%
	DECK	A	0.22%	0.09%	0.09%
	DJT	C	0.01%	0.0%	0.0%
	DKNG	C	0.15%	0.06%	0.06%
	DKS	C	0.09%	0.0%	0.0%
	DOCS	C	0.05%	0.0%	0.0%
	DOCU	A	0.13%	0.05%	0.05%
	DPZ	C	0.12%	0.02%	0.02%
	DRI	B	0.16%	0.04%	0.04%
	DT	C	0.13%	0.06%	0.06%
	DUOL	B	0.09%	0.04%	0.04%
	DV	C	0.02%	0.01%	0.01%
	DVA	B	0.07%	0.03%	0.03%
	DXCM	C	0.25%	0.1%	0.1%
	EFX	D	0.25%	0.02%	0.02%
	EG	C	0.13%	0.01%	0.01%
	ELF	C	0.05%	0.02%	0.02%
	EME	B	0.19%	0.03%	0.03%
	ENPH	F	0.06%	0.04%	0.04%
	ENTG	D	0.12%	0.06%	0.06%
	EPAM	C	0.11%	0.0%	0.0%
	EQH	B	0.12%	0.05%	0.05%
	EQT	B	0.21%	0.0%	0.0%
	ESTC	C	0.06%	0.02%	0.02%
	ETSY	D	0.05%	0.01%	0.01%
	EXAS	F	0.07%	0.02%	0.02%
	EXEL	A	0.08%	0.03%	0.03%
	EXP	B	0.08%	0.03%	0.03%
	EXPD	C	0.14%	0.01%	0.01%
	EXPE	B	0.19%	0.07%	0.07%
	FAST	B	0.39%	0.14%	0.14%
	FDS	B	0.15%	0.02%	0.02%
	FICO	B	0.44%	0.15%	0.15%
	FIVE	D	0.04%	0.01%	0.01%
	FIVN	C	0.02%	0.01%	0.01%
	FIX	A	0.13%	0.05%	0.05%
	FND	C	0.09%	0.01%	0.01%
	FOUR	B	0.05%	0.02%	0.02%
	FRPT	B	0.06%	0.01%	0.01%
	FTRE	C	0.01%	0.0%	0.0%
	GDDY	B	0.21%	0.09%	0.09%
	GEHC	F	0.31%	0.01%	0.01%
	GLOB	B	0.07%	0.02%	0.02%
	GNRC	B	0.09%	0.02%	0.02%
	GTLB	C	0.06%	0.02%	0.02%
	GWRE	B	0.13%	0.03%	0.03%
	GWW	A	0.42%	0.15%	0.15%
	H	A	0.06%	0.0%	0.0%
	HAS	D	0.07%	0.03%	0.03%
	HCP	B	0.04%	0.01%	0.01%
	HEI	B	0.14%	0.06%	0.06%
	HEI	B	0.14%	0.04%	0.04%
	HEI	B	0.1%	0.04%	0.04%
	HEI	B	0.1%	0.06%	0.06%
	HES	C	0.33%	0.09%	0.09%
	HLI	A	0.08%	0.0%	0.0%
	HLT	A	0.5%	0.11%	0.11%
	HPQ	B	0.3%	0.03%	0.03%
	HRB	D	0.07%	0.01%	0.01%
	HSY	F	0.21%	0.01%	0.01%
	HUBS	B	0.27%	0.1%	0.1%
	HWM	B	0.37%	0.01%	0.01%
	IDXX	F	0.29%	0.12%	0.12%
	INCY	C	0.1%	0.0%	0.0%
	INSP	D	0.04%	0.02%	0.02%
	IONS	F	0.04%	0.02%	0.02%
	IQV	F	0.29%	0.02%	0.02%
	IRDM	C	0.03%	0.0%	0.0%
	IRM	C	0.28%	0.07%	0.07%
	IT	C	0.32%	0.14%	0.14%
	ITCI	C	0.07%	0.03%	0.03%
	JBL	C	0.12%	0.0%	0.0%
	JEF	A	0.11%	0.01%	0.01%
	JLL	B	0.1%	0.01%	0.01%
	KBR	F	0.06%	0.0%	0.0%
	KMX	B	0.1%	0.0%	0.0%
	KNSL	B	0.08%	0.03%	0.03%
	LAMR	C	0.09%	0.01%	0.01%
	LBRDA	C	0.01%	0.0%	0.0%
	LBRDK	C	0.08%	0.01%	0.01%
	LECO	C	0.09%	0.01%	0.01%
	LII	A	0.16%	0.07%	0.07%
	LNG	B	0.4%	0.08%	0.08%
	LNW	D	0.07%	0.03%	0.03%
	LOPE	B	0.04%	0.0%	0.0%
	LPLA	B	0.19%	0.08%	0.08%
	LPX	B	0.06%	0.02%	0.02%
	LSCC	D	0.06%	0.02%	0.02%
	LVS	C	0.14%	0.07%	0.07%
	LW	C	0.09%	0.01%	0.01%
	LYFT	C	0.05%	0.01%	0.01%
	LYV	A	0.17%	0.07%	0.07%
	MANH	C	0.14%	0.06%	0.06%
	MASI	A	0.06%	0.01%	0.01%
	MDB	C	0.16%	0.07%	0.07%
	MEDP	F	0.07%	0.03%	0.03%
	MKL	A	0.18%	0.02%	0.02%
	MKSI	C	0.06%	0.0%	0.0%
	MLM	B	0.29%	0.01%	0.01%
	MOH	F	0.14%	0.04%	0.04%
	MORN	A	0.07%	0.03%	0.03%
	MPWR	F	0.22%	0.13%	0.13%
	MSCI	C	0.38%	0.09%	0.09%
	MSGS	B	0.03%	0.0%	0.0%
	MSTR	C	0.44%	0.01%	0.01%
	MTDR	C	0.06%	0.0%	0.0%
	MTN	C	0.06%	0.02%	0.02%
	MUSA	B	0.08%	0.03%	0.03%
	NBIX	C	0.1%	0.04%	0.04%
	NCLH	B	0.09%	0.04%	0.04%
	NCNO	B	0.03%	0.01%	0.01%
	NET	B	0.22%	0.1%	0.1%
	NFE	D	0.0%	0.0%	0.0%
	NRG	C	0.16%	0.03%	0.03%
	NTAP	C	0.2%	0.04%	0.04%
	NTNX	B	0.14%	0.02%	0.02%
	NTRA	B	0.14%	0.05%	0.05%
	NXST	C	0.04%	0.01%	0.01%
	ODFL	B	0.35%	0.14%	0.14%
	OKTA	C	0.1%	0.02%	0.02%
	OLED	F	0.06%	0.02%	0.02%
	ONTO	F	0.06%	0.01%	0.01%
	OWL	B	0.09%	0.04%	0.04%
	PATH	C	0.05%	0.02%	0.02%
	PAYC	A	0.09%	0.02%	0.02%
	PAYX	B	0.38%	0.06%	0.06%
	PCOR	B	0.06%	0.03%	0.03%
	PCTY	B	0.07%	0.03%	0.03%
	PEGA	A	0.03%	0.01%	0.01%
	PEN	C	0.07%	0.03%	0.03%
	PFGC	A	0.11%	0.01%	0.01%
	PINS	F	0.14%	0.07%	0.07%
	PLNT	B	0.07%	0.01%	0.01%
	PLTR	B	1.09%	0.3%	0.3%
	PODD	B	0.15%	0.06%	0.06%
	POOL	C	0.11%	0.05%	0.05%
	PPC	C	0.02%	0.0%	0.0%
	PR	C	0.08%	0.01%	0.01%
	PSTG	D	0.12%	0.05%	0.05%
	PTC	A	0.19%	0.05%	0.05%
	PWR	A	0.39%	0.05%	0.05%
	PYCR	C	0.01%	0.0%	0.0%
	RARE	F	0.03%	0.02%	0.02%
	RBLX	C	0.21%	0.1%	0.1%
	RCL	B	0.45%	0.06%	0.06%
	RGEN	D	0.06%	0.0%	0.0%
	RH	B	0.04%	0.0%	0.0%
	RLI	A	0.06%	0.0%	0.0%
	RMD	C	0.28%	0.03%	0.03%
	RNG	B	0.02%	0.01%	0.01%
	ROK	B	0.27%	0.01%	0.01%
	ROKU	D	0.07%	0.0%	0.0%
	ROL	B	0.12%	0.05%	0.05%
	ROST	C	0.38%	0.04%	0.04%
	RPM	A	0.14%	0.01%	0.01%
	RYAN	A	0.06%	0.02%	0.02%
	S	B	0.06%	0.0%	0.0%
	SAIA	C	0.11%	0.03%	0.03%
	SAM	C	0.02%	0.0%	0.0%
	SEE	C	0.04%	0.0%	0.0%
	SITE	C	0.05%	0.01%	0.01%
	SKX	D	0.07%	0.0%	0.0%
	SMAR	A	0.06%	0.03%	0.03%
	SMCI	D	0.08%	0.05%	0.05%
	SN	D	0.06%	0.0%	0.0%
	SOFI	B	0.12%	0.01%	0.01%
	SPG	C	0.48%	0.05%	0.05%
	SPR	D	0.03%	0.0%	0.0%
	SQ	B	0.39%	0.06%	0.06%
	SRPT	F	0.08%	0.04%	0.04%
	SSD	C	0.06%	0.0%	0.0%
	SYY	C	0.31%	0.08%	0.08%
	TDC	D	0.02%	0.01%	0.01%
	TER	F	0.13%	0.05%	0.05%
	TKO	B	0.08%	0.0%	0.0%
	TOST	B	0.15%	0.05%	0.05%
	TPG	B	0.04%	0.01%	0.01%
	TPL	B	0.21%	0.08%	0.08%
	TPX	A	0.08%	0.03%	0.03%
	TREX	C	0.06%	0.03%	0.03%
	TRGP	B	0.35%	0.13%	0.13%
	TRIP	F	0.01%	0.0%	0.0%
	TRU	D	0.15%	0.0%	0.0%
	TSCO	C	0.24%	0.1%	0.1%
	TTD	B	0.43%	0.19%	0.19%
	TTEK	F	0.09%	0.01%	0.01%
	TW	B	0.12%	0.02%	0.02%
	TWLO	B	0.14%	0.01%	0.01%
	TXG	F	0.01%	0.0%	0.0%
	TXRH	A	0.11%	0.05%	0.05%
	TYL	A	0.21%	0.08%	0.08%
	U	C	0.04%	0.01%	0.01%
	UHAL	D	0.05%	0.01%	0.01%
	UHAL	D	0.0%	0.01%	0.0%
	UHAL	D	0.05%	0.0%	0.0%
	UHAL	D	0.0%	0.0%	0.0%
	UI	A	0.01%	0.0%	0.0%
	ULTA	F	0.14%	0.06%	0.06%
	URI	B	0.46%	0.05%	0.05%
	UWMC	F	0.01%	0.0%	0.0%
	VEEV	B	0.26%	0.11%	0.11%
	VKTX	F	0.04%	0.03%	0.03%
	VLTO	C	0.21%	0.04%	0.04%
	VMC	B	0.3%	0.03%	0.03%
	VRSK	A	0.33%	0.14%	0.14%
	VRSN	F	0.13%	0.0%	0.0%
	VRT	B	0.36%	0.14%	0.14%
	VST	B	0.4%	0.16%	0.16%
	VVV	F	0.05%	0.02%	0.02%
	WAT	B	0.17%	0.04%	0.04%
	WEN	D	0.03%	0.01%	0.01%
	WEX	F	0.06%	0.0%	0.0%
	WFRD	F	0.05%	0.02%	0.02%
	WH	A	0.06%	0.0%	0.0%
	WING	F	0.08%	0.03%	0.03%
	WMS	F	0.08%	0.01%	0.01%
	WSC	D	0.05%	0.01%	0.01%
	WSM	B	0.14%	0.04%	0.04%
	WST	C	0.19%	0.05%	0.05%
	WU	D	0.02%	0.0%	0.0%
	WYNN	D	0.08%	0.0%	0.0%
	XPO	B	0.14%	0.05%	0.05%
	YETI	C	0.03%	0.0%	0.0%
	YUM	B	0.31%	0.05%	0.05%
	ZBRA	A	0.16%	0.02%	0.02%
	ZS	C	0.15%	0.06%	0.06%

IWR Overweight 525 Positions Relative to VONG

	Symbol	Grade	Weight
	WMB	B	0.57%
	OKE	C	0.53%
	AFL	B	0.51%
	BK	A	0.48%
	DLR	A	0.48%
	KMI	B	0.44%
	O	D	0.41%
	CMI	A	0.41%
	FIS	D	0.41%
	DHI	D	0.39%
	KVUE	A	0.38%
	PRU	A	0.38%
	LHX	C	0.38%
	PEG	A	0.37%
	AME	A	0.37%
	PCG	B	0.37%
	CCI	D	0.37%
	EA	C	0.36%
	DFS	B	0.36%
	BKR	C	0.35%
	DAL	B	0.34%
	IR	A	0.34%
	CBRE	B	0.33%
	OTIS	C	0.33%
	LEN	C	0.33%
	FERG	B	0.33%
	CTSH	B	0.32%
	KR	A	0.32%
	CTVA	B	0.32%
	XEL	A	0.32%
	EXC	D	0.32%
	A	D	0.31%
	CHTR	C	0.3%
	ACGL	D	0.3%
	NUE	D	0.29%
	GIS	D	0.29%
	GLW	B	0.29%
	MTB	B	0.29%
	ED	D	0.28%
	WAB	B	0.28%
	DD	D	0.28%
	EXR	C	0.28%
	HIG	B	0.28%
	GRMN	A	0.27%
	NDAQ	A	0.27%
	AVB	B	0.27%
	VICI	C	0.27%
	HUM	C	0.27%
	FANG	F	0.27%
	MCHP	F	0.27%
	DOW	F	0.26%
	WEC	A	0.26%
	EBAY	C	0.26%
	ETR	B	0.26%
	EIX	A	0.26%
	WTW	B	0.26%
	FITB	B	0.26%
	UAL	B	0.25%
	CNC	F	0.25%
	RJF	A	0.25%
	TTWO	B	0.25%
	PPG	D	0.24%
	STT	A	0.24%
	CSGP	C	0.24%
	ANSS	B	0.24%
	XYL	D	0.24%
	GPN	C	0.24%
	HPE	B	0.23%
	DOV	A	0.23%
	EQR	B	0.23%
	ON	C	0.23%
	HAL	C	0.22%
	AWK	D	0.22%
	FCNCA	B	0.22%
	FTV	B	0.22%
	PHM	C	0.22%
	CHD	B	0.22%
	SW	B	0.22%
	PPL	B	0.21%
	MTD	F	0.21%
	ADM	F	0.21%
	HBAN	B	0.21%
	SYF	A	0.21%
	VTR	D	0.21%
	NVR	D	0.21%
	TROW	A	0.21%
	KEYS	B	0.21%
	SBAC	D	0.2%
	FE	D	0.2%
	DVN	F	0.2%
	RF	B	0.2%
	CCL	B	0.2%
	AEE	A	0.2%
	DTE	C	0.2%
	WY	D	0.19%
	ZBH	C	0.19%
	BIIB	F	0.19%
	CINF	A	0.19%
	HUBB	B	0.19%
	ZM	B	0.18%
	NTRS	A	0.18%
	HOOD	B	0.18%
	LYB	F	0.18%
	ILMN	C	0.18%
	EXE	B	0.18%
	STE	F	0.18%
	LDOS	D	0.18%
	ES	D	0.18%
	TDY	B	0.18%
	ATO	A	0.18%
	IFF	D	0.18%
	WBD	C	0.18%
	FSLR	F	0.17%
	CMS	C	0.17%
	WDC	C	0.17%
	INVH	D	0.17%
	STLD	B	0.17%
	PKG	B	0.17%
	CBOE	B	0.17%
	K	A	0.17%
	CFG	B	0.17%
	CTRA	B	0.16%
	IBKR	B	0.16%
	ESS	B	0.16%
	COO	D	0.16%
	LUV	B	0.16%
	CNP	A	0.16%
	LH	B	0.16%
	PFG	C	0.16%
	BBY	D	0.16%
	IP	B	0.16%
	RS	B	0.15%
	KEY	A	0.15%
	DGX	B	0.15%
	WRB	A	0.15%
	HOLX	D	0.15%
	WSO	A	0.15%
	TSN	B	0.15%
	ARE	D	0.15%
	MAA	B	0.15%
	SNA	A	0.15%
	MKC	D	0.15%
	BALL	D	0.15%
	OMC	C	0.15%
	NI	A	0.14%
	KIM	A	0.14%
	DG	F	0.14%
	OC	B	0.14%
	FWONK	A	0.14%
	GPC	D	0.14%
	TRMB	B	0.14%
	IEX	B	0.14%
	MAS	C	0.14%
	J	F	0.14%
	PNR	B	0.14%
	VTRS	B	0.13%
	FNF	B	0.13%
	RGA	A	0.13%
	SUI	D	0.13%
	TOL	A	0.13%
	LNT	A	0.13%
	SSNC	A	0.13%
	UTHR	C	0.13%
	CF	B	0.13%
	TXT	D	0.13%
	MRO	B	0.13%
	GEN	A	0.13%
	BAX	F	0.13%
	AVTR	F	0.12%
	EVRG	A	0.12%
	EWBC	B	0.12%
	APTV	F	0.12%
	NDSN	B	0.12%
	ACM	A	0.12%
	UDR	B	0.12%
	DOC	C	0.12%
	AMCR	D	0.12%
	USFD	A	0.12%
	THC	D	0.12%
	JBHT	C	0.12%
	L	B	0.12%
	GGG	B	0.12%
	CHRW	C	0.11%
	GLPI	B	0.11%
	DLTR	D	0.11%
	AFRM	B	0.11%
	ELS	C	0.11%
	SWK	D	0.11%
	TPR	A	0.11%
	AKAM	F	0.11%
	RNR	C	0.11%
	SWKS	F	0.11%
	RVTY	D	0.11%
	REG	B	0.11%
	CW	B	0.11%
	FFIV	A	0.11%
	BJ	B	0.1%
	OVV	C	0.1%
	Z	B	0.1%
	UHS	D	0.1%
	UNM	A	0.1%
	EMN	D	0.1%
	JNPR	F	0.1%
	NVT	B	0.1%
	BMRN	F	0.1%
	SCI	A	0.1%
	FTI	A	0.1%
	HST	C	0.1%
	WPC	D	0.1%
	ALB	C	0.1%
	ALLE	D	0.1%
	BXP	D	0.1%
	CPT	B	0.1%
	ITT	A	0.1%
	JKHY	D	0.1%
	COHR	C	0.1%
	CLH	B	0.1%
	CAG	D	0.1%
	BG	F	0.1%
	AMH	C	0.1%
	WBS	B	0.09%
	PRI	A	0.09%
	CACI	D	0.09%
	PNW	B	0.09%
	FOXA	C	0.09%
	TECH	C	0.09%
	CCK	D	0.09%
	CTLT	B	0.09%
	CAVA	C	0.09%
	EVR	B	0.09%
	CUBE	D	0.09%
	NWSA	B	0.09%
	TAP	C	0.09%
	SJM	D	0.09%
	ATR	B	0.09%
	CG	B	0.09%
	AA	A	0.09%
	FHN	B	0.09%
	RRX	A	0.09%
	AIZ	B	0.09%
	SF	B	0.09%
	TFX	F	0.08%
	FBIN	D	0.08%
	GMED	A	0.08%
	DCI	A	0.08%
	RGLD	D	0.08%
	INGR	B	0.08%
	ORI	A	0.08%
	SOLV	C	0.08%
	FRT	A	0.08%
	BRBR	B	0.08%
	PNFP	B	0.08%
	CRL	C	0.08%
	CNH	A	0.08%
	DOX	D	0.08%
	CIEN	B	0.08%
	MKTX	D	0.08%
	GL	C	0.08%
	WTRG	B	0.08%
	WAL	B	0.08%
	ARMK	A	0.08%
	EHC	B	0.08%
	DTM	B	0.08%
	NLY	B	0.08%
	OHI	D	0.08%
	AFG	A	0.08%
	AES	F	0.08%
	GME	C	0.08%
	LKQ	D	0.08%
	AYI	B	0.08%
	RPRX	D	0.08%
	LAD	B	0.08%
	IPG	C	0.08%
	ALSN	B	0.08%
	WWD	B	0.08%
	CHRD	F	0.07%
	MTCH	F	0.07%
	RRC	B	0.07%
	ACI	C	0.07%
	X	C	0.07%
	SEIC	A	0.07%
	CZR	D	0.07%
	SNV	B	0.07%
	APG	B	0.07%
	APA	F	0.07%
	CFR	B	0.07%
	VOYA	B	0.07%
	CPB	D	0.07%
	RIVN	D	0.07%
	EGP	D	0.07%
	RL	B	0.07%
	GPK	C	0.07%
	MOS	F	0.07%
	HRL	D	0.07%
	NYT	C	0.07%
	MTZ	B	0.07%
	TTC	D	0.07%
	CR	B	0.07%
	WTFC	B	0.07%
	CBSH	B	0.07%
	ZION	B	0.07%
	OGE	A	0.07%
	FYBR	D	0.07%
	AOS	D	0.07%
	CMA	A	0.07%
	BRX	A	0.07%
	MGM	F	0.07%
	SNX	C	0.07%
	KNX	B	0.07%
	HSIC	B	0.07%
	AR	B	0.07%
	AXTA	A	0.07%
	WCC	B	0.07%
	RBC	B	0.07%
	REXR	F	0.07%
	AXS	A	0.06%
	VMI	A	0.06%
	FMC	D	0.06%
	DAR	C	0.06%
	ALK	A	0.06%
	FCN	D	0.06%
	MTSI	B	0.06%
	ELAN	F	0.06%
	R	B	0.06%
	GXO	B	0.06%
	FR	C	0.06%
	ATI	D	0.06%
	GNTX	C	0.06%
	VFC	C	0.06%
	ESAB	B	0.06%
	AGNC	D	0.06%
	BBWI	C	0.06%
	OSK	B	0.06%
	VNO	B	0.06%
	MIDD	B	0.06%
	COKE	C	0.06%
	CART	C	0.06%
	PB	B	0.06%
	MHK	D	0.06%
	KEX	B	0.06%
	RHI	C	0.06%
	JAZZ	B	0.06%
	ADC	B	0.06%
	HII	F	0.06%
	NNN	D	0.06%
	BERY	B	0.06%
	FLS	A	0.06%
	BWA	C	0.06%
	G	B	0.06%
	LITE	B	0.05%
	RITM	C	0.05%
	NFG	B	0.05%
	THO	B	0.05%
	OLLI	C	0.05%
	PVH	C	0.05%
	FOX	B	0.05%
	JHG	A	0.05%
	AGCO	D	0.05%
	THG	C	0.05%
	VNT	C	0.05%
	AMG	B	0.05%
	LFUS	D	0.05%
	FNB	B	0.05%
	IDA	B	0.05%
	WHR	B	0.05%
	LAZ	B	0.05%
	WBA	D	0.05%
	STWD	C	0.05%
	ARW	D	0.05%
	BEN	C	0.05%
	BIO	D	0.05%
	QRVO	F	0.05%
	COLD	F	0.05%
	OMF	A	0.05%
	ESI	B	0.05%
	SIRI	C	0.05%
	SAIC	F	0.05%
	MAT	D	0.05%
	NOV	C	0.05%
	MSA	C	0.05%
	KD	B	0.05%
	MTG	B	0.05%
	IVZ	B	0.05%
	PARA	C	0.05%
	COLB	B	0.05%
	LSTR	B	0.05%
	FAF	B	0.05%
	STAG	D	0.05%
	HR	B	0.05%
	DINO	F	0.05%
	AZPN	A	0.05%
	M	D	0.04%
	GAP	C	0.04%
	KMPR	B	0.04%
	RYN	C	0.04%
	EEFT	B	0.04%
	PSN	D	0.04%
	SLGN	A	0.04%
	KRC	C	0.04%
	CUZ	B	0.04%
	AGO	A	0.04%
	ST	F	0.04%
	ROIV	B	0.04%
	AVT	C	0.04%
	WTM	A	0.04%
	HXL	D	0.04%
	OLN	F	0.04%
	TKR	D	0.04%
	SON	D	0.04%
	BYD	B	0.04%
	UGI	A	0.04%
	AL	A	0.04%
	OZK	B	0.04%
	VNOM	B	0.04%
	POST	B	0.04%
	SLM	B	0.04%
	LNC	B	0.04%
	CCCS	A	0.04%
	LEA	F	0.04%
	CRUS	F	0.04%
	BC	C	0.04%
	AMTM	D	0.03%
	BHF	B	0.03%
	SMG	C	0.03%
	PENN	C	0.03%
	VAC	B	0.03%
	ZI	C	0.03%
	HUN	F	0.03%
	EPR	D	0.03%
	ZG	B	0.03%
	HIW	D	0.03%
	PII	F	0.03%
	ACHC	F	0.03%
	FHB	B	0.03%
	IAC	D	0.03%
	NVST	C	0.03%
	W	D	0.03%
	TNL	A	0.03%
	NWS	B	0.03%
	NWL	A	0.03%
	PRGO	C	0.03%
	DNB	B	0.03%
	XRAY	F	0.03%
	MDU	F	0.03%
	NEU	C	0.03%
	DXC	B	0.03%
	MSM	C	0.03%
	ASH	F	0.03%
	OGN	F	0.03%
	LINE	F	0.03%
	HOG	F	0.03%
	FLO	C	0.03%
	GFS	C	0.03%
	GTES	A	0.03%
	AN	B	0.03%
	DLB	B	0.03%
	WLK	D	0.03%
	VSTS	C	0.02%
	CRI	F	0.02%
	UAA	C	0.02%
	ALAB	B	0.02%
	RKT	F	0.02%
	QDEL	F	0.02%
	LBTYK	A	0.02%
	INFA	D	0.02%
	LBTYA	A	0.02%
	IPGP	D	0.02%
	LCID	F	0.02%
	KSS	F	0.02%
	SHC	F	0.02%
	ADT	B	0.02%
	AZTA	D	0.02%
	RCM	F	0.02%
	AAP	C	0.02%
	HAYW	B	0.02%
	CWEN	C	0.02%
	JWN	A	0.02%
	PINC	B	0.02%
	ALGM	D	0.02%
	CPRI	F	0.02%
	SPB	C	0.02%
	MP	A	0.02%
	HHH	B	0.02%
	ENOV	C	0.02%
	MPW	F	0.02%
	AGR	B	0.02%
	BOKF	B	0.02%
	CXT	B	0.02%
	COTY	F	0.02%
	COLM	A	0.02%
	VIRT	B	0.02%
	AMKR	F	0.02%
	ECG	C	0.02%
	AMED	F	0.02%
	MAN	D	0.02%
	PAG	B	0.02%
	SNRE	D	0.02%
	NSA	C	0.02%
	LLYVK	A	0.02%
	PK	B	0.02%
	PLTK	B	0.01%
	SEB	F	0.01%
	TFSL	B	0.01%
	WOLF	F	0.01%
	LOAR	B	0.01%
	CWEN	C	0.01%
	CNA	B	0.01%
	AS	B	0.01%
	CERT	D	0.01%
	DDS	B	0.01%
	LLYVA	A	0.01%
	SNDR	B	0.01%
	REYN	D	0.01%
	LEG	D	0.01%
	GO	C	0.01%
	QS	F	0.01%
	FWONA	A	0.01%
	UA	C	0.01%
	CLVT	F	0.01%
	LEN	C	0.01%
	BIRK	C	0.01%
	CNXC	F	0.01%
	PARAA	C	0.0%
	SEG	B	0.0%
	GRAL	C	0.0%

IWR Underweight 108 Positions Relative to VONG

	Symbol	Grade	Weight
	AAPL	B	-11.94%
	NVDA	C	-11.3%
	MSFT	D	-10.99%
	AMZN	C	-6.3%
	META	D	-4.52%
	GOOGL	C	-3.66%
	GOOG	C	-3.09%
	AVGO	D	-2.81%
	TSLA	B	-2.52%
	LLY	F	-2.42%
	V	A	-1.66%
	MA	B	-1.5%
	COST	B	-1.41%
	NFLX	B	-1.18%
	HD	A	-1.13%
	ORCL	C	-0.96%
	MRK	F	-0.94%
	CRM	B	-0.84%
	ADBE	C	-0.77%
	NOW	B	-0.7%
	PEP	F	-0.66%
	ISRG	C	-0.65%
	QCOM	F	-0.62%
	INTU	C	-0.61%
	ABBV	D	-0.57%
	AMD	F	-0.56%
	BKNG	B	-0.54%
	UBER	D	-0.53%
	KO	D	-0.53%
	AMAT	F	-0.5%
	AMGN	D	-0.49%
	PGR	A	-0.44%
	BX	B	-0.43%
	ADP	B	-0.4%
	PANW	C	-0.4%
	ANET	C	-0.36%
	AMT	D	-0.36%
	LRCX	F	-0.35%
	KLAC	F	-0.33%
	PG	A	-0.32%
	SBUX	B	-0.31%
	WM	A	-0.31%
	TJX	A	-0.28%
	CMG	B	-0.28%
	SHW	A	-0.28%
	SNPS	B	-0.28%
	CDNS	B	-0.27%
	MCO	A	-0.26%
	ZTS	D	-0.25%
	CTAS	B	-0.25%
	UNP	C	-0.25%
	CRWD	B	-0.24%
	ADSK	B	-0.22%
	ORLY	B	-0.22%
	VRTX	D	-0.22%
	SPOT	B	-0.21%
	AXP	A	-0.21%
	NKE	F	-0.21%
	ABNB	C	-0.21%
	APO	A	-0.2%
	ECL	D	-0.19%
	WDAY	C	-0.18%
	APH	B	-0.17%
	AZO	C	-0.17%
	DASH	A	-0.17%
	NU	D	-0.17%
	GS	B	-0.16%
	GE	D	-0.15%
	FTNT	C	-0.15%
	CPRT	A	-0.15%
	CL	D	-0.15%
	LMT	D	-0.14%
	SYK	C	-0.14%
	MSI	C	-0.13%
	UNH	B	-0.13%
	LULU	C	-0.13%
	FI	A	-0.13%
	SNOW	C	-0.13%
	ITW	A	-0.11%
	TEAM	B	-0.11%
	MNST	B	-0.11%
	KKR	B	-0.1%
	MCK	C	-0.1%
	TT	B	-0.1%
	CAT	B	-0.09%
	HON	B	-0.08%
	TXN	D	-0.08%
	KMB	C	-0.07%
	HCA	F	-0.06%
	BA	D	-0.06%
	CEG	D	-0.05%
	MMM	D	-0.05%
	MCD	D	-0.05%
	TDG	D	-0.05%
	MMC	A	-0.05%
	ELV	F	-0.05%
	SCHW	A	-0.04%
	REGN	F	-0.03%
	EW	C	-0.03%
	PSA	C	-0.03%
	MS	B	-0.03%
	CI	D	-0.03%
	SCCO	F	-0.03%
	EQIX	A	-0.02%
	DELL	C	-0.02%
	MRVL	B	-0.02%
	EL	F	-0.02%
	XP	F	-0.0%

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

VONG: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Biotechnology Business Services Specialty Retail Capital Markets Restaurants Building Materials Asset Management Diagnostics & Research Semiconductor Equipment & Materials Semiconductors Aerospace & Defense Diversified Industrials Internet Content & Information Leisure Credit Services Household & Personal Products Medical Devices Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Computing Cloud Computing IBD 50 Dow Jones Component Medicine Software Insurance Software As A Service Work From Home Cloud Infrastructure Electronics Mobile Devices Semiconductor Natural Gas Operating System Telecommunications Integrated Circuits Payment Systems