IWS vs. ONEQ ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Fidelity Nasdaq Composite Index Tracking Stock (ONEQ)

IWS

iShares Russell Mid-cap Value ETF

IWS Description

The investment seeks to track the investment results of an index composed of 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 Midcap Value Index (the "underlying index"), which measures the performance of the mid-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$130.51

Average Daily Volume

287,737

Number of Holdings ^*

706

* 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

$70.54

Average Daily Volume

290,200

Number of Holdings ^*

848

* may have additional holdings in another (foreign) market

Performance

Period	IWS	ONEQ
30 Days	1.53%	3.71%
60 Days	5.82%	6.77%
90 Days	9.68%	-2.35%
12 Months	30.00%	36.51%

194 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in ONEQ	Overlap
AAL	D	0.08%	0.02%	0.02%
ACGL	A	0.46%	0.15%	0.15%
ACHC	F	0.06%	0.02%	0.02%
AFRM	C	0.1%	0.04%	0.04%
AGNC	C	0.09%	0.02%	0.02%
AKAM	D	0.17%	0.05%	0.05%
ALGM	F	0.03%	0.02%	0.02%
ALGN	D	0.09%	0.06%	0.06%
ALNY	C	0.04%	0.12%	0.04%
AMED	D	0.03%	0.01%	0.01%
AMKR	F	0.04%	0.02%	0.02%
ANSS	D	0.31%	0.09%	0.09%
APA	F	0.1%	0.03%	0.03%
AVT	C	0.05%	0.01%	0.01%
AZTA	F	0.03%	0.01%	0.01%
BHF	F	0.03%	0.01%	0.01%
BIIB	F	0.31%	0.1%	0.1%
BKR	B	0.41%	0.13%	0.13%
BMRN	F	0.15%	0.05%	0.05%
BOKF	D	0.03%	0.02%	0.02%
BPOP	D	0.07%	0.02%	0.02%
BRKR	D	0.03%	0.03%	0.03%
CACC	F	0.01%	0.02%	0.01%
CAR	F	0.01%	0.01%	0.01%
CASY	D	0.13%	0.05%	0.05%
CBSH	D	0.08%	0.03%	0.03%
CDW	D	0.16%	0.1%	0.1%
CG	B	0.11%	0.05%	0.05%
CGNX	F	0.07%	0.02%	0.02%
CHK	D	0.21%	0.04%	0.04%
CHRD	F	0.09%	0.03%	0.03%
CHRW	C	0.14%	0.04%	0.04%
CHTR	D	0.35%	0.16%	0.16%
CINF	A	0.24%	0.07%	0.07%
CNXC	F	0.03%	0.01%	0.01%
COIN	F	0.06%	0.12%	0.06%
COKE	C	0.09%	0.04%	0.04%
COLB	C	0.06%	0.02%	0.02%
COLM	D	0.03%	0.02%	0.02%
CPB	D	0.1%	0.05%	0.05%
CROX	C	0.08%	0.03%	0.03%
CRUS	D	0.07%	0.02%	0.02%
CSGP	F	0.34%	0.11%	0.11%
CTSH	B	0.43%	0.13%	0.13%
CZR	B	0.1%	0.03%	0.03%
DBX	B	0.05%	0.02%	0.02%
DLTR	F	0.16%	0.05%	0.05%
DOX	B	0.11%	0.03%	0.03%
EA	D	0.43%	0.13%	0.13%
EBAY	A	0.37%	0.11%	0.11%
EEFT	F	0.05%	0.02%	0.02%
ETSY	F	0.02%	0.02%	0.02%
EVRG	C	0.15%	0.04%	0.04%
EWBC	D	0.12%	0.04%	0.04%
EXAS	C	0.08%	0.04%	0.04%
EXC	A	0.46%	0.14%	0.14%
EXEL	B	0.01%	0.03%	0.01%
FANG	C	0.38%	0.11%	0.11%
FAST	C	0.07%	0.15%	0.07%
FCNCA	D	0.24%	0.08%	0.08%
FFIV	B	0.14%	0.04%	0.04%
FHB	D	0.03%	0.01%	0.01%
FITB	C	0.32%	0.09%	0.09%
FIVE	D	0.01%	0.02%	0.01%
FOX	A	0.06%	0.03%	0.03%
FOXA	A	0.11%	0.03%	0.03%
FRPT	C	0.05%	0.02%	0.02%
FSLR	C	0.29%	0.09%	0.09%
FTRE	F	0.02%	0.01%	0.01%
FYBR	C	0.1%	0.03%	0.03%
GEHC	C	0.41%	0.14%	0.14%
GEN	B	0.17%	0.06%	0.06%
GFS	F	0.04%	0.07%	0.04%
GLPI	A	0.15%	0.04%	0.04%
GNTX	D	0.08%	0.02%	0.02%
HAS	A	0.01%	0.04%	0.01%
HBAN	D	0.23%	0.07%	0.07%
HCP	A	0.01%	0.02%	0.01%
HOLX	D	0.21%	0.06%	0.06%
HOOD	C	0.17%	0.06%	0.06%
HSIC	D	0.1%	0.03%	0.03%
HST	D	0.14%	0.04%	0.04%
IAC	D	0.04%	0.02%	0.02%
IBKR	A	0.16%	0.05%	0.05%
ILMN	B	0.23%	0.07%	0.07%
INCY	B	0.11%	0.05%	0.05%
IONS	F	0.01%	0.02%	0.01%
IRDM	B	0.04%	0.02%	0.02%
JAZZ	F	0.08%	0.02%	0.02%
JBHT	D	0.16%	0.06%	0.06%
JKHY	A	0.15%	0.04%	0.04%
LAMR	C	0.1%	0.04%	0.04%
LBRDA	B	0.01%	0.01%	0.01%
LBRDK	B	0.07%	0.04%	0.04%
LCID	D	0.03%	0.03%	0.03%
LECO	F	0.08%	0.03%	0.03%
LFUS	D	0.07%	0.02%	0.02%
LITE	A	0.05%	0.02%	0.02%
LKQ	F	0.12%	0.03%	0.03%
LNT	A	0.18%	0.05%	0.05%
LOPE	D	0.03%	0.02%	0.02%
LSCC	D	0.01%	0.03%	0.01%
LSTR	F	0.07%	0.02%	0.02%
LYFT	D	0.02%	0.02%	0.02%
MASI	B	0.03%	0.03%	0.03%
MAT	D	0.07%	0.03%	0.03%
MCHP	F	0.46%	0.14%	0.14%
MIDD	D	0.08%	0.03%	0.03%
MKSI	F	0.07%	0.03%	0.03%
MKTX	B	0.11%	0.04%	0.04%
MSTR	B	0.27%	0.1%	0.1%
MTCH	B	0.11%	0.04%	0.04%
MTSI	C	0.07%	0.03%	0.03%
NCNO	D	0.01%	0.02%	0.01%
NDAQ	B	0.34%	0.14%	0.14%
NDSN	C	0.17%	0.05%	0.05%
NFE	F	0.0%	0.01%	0.0%
NTAP	D	0.16%	0.08%	0.08%
NTNX	C	0.11%	0.05%	0.05%
NTRS	C	0.2%	0.06%	0.06%
NWL	F	0.04%	0.01%	0.01%
NWS	D	0.04%	0.01%	0.01%
NWSA	D	0.11%	0.04%	0.04%
NXST	F	0.04%	0.02%	0.02%
OKTA	F	0.07%	0.04%	0.04%
OLED	C	0.05%	0.03%	0.03%
OLLI	C	0.07%	0.02%	0.02%
ON	F	0.34%	0.11%	0.11%
OZK	D	0.05%	0.01%	0.01%
PARA	F	0.07%	0.03%	0.03%
PAYX	A	0.33%	0.17%	0.17%
PENN	D	0.03%	0.01%	0.01%
PFG	C	0.22%	0.07%	0.07%
PINC	F	0.02%	0.01%	0.01%
PLTK	C	0.01%	0.01%	0.01%
PNFP	D	0.08%	0.02%	0.02%
PPC	D	0.02%	0.04%	0.02%
PTC	D	0.09%	0.07%	0.07%
PYCR	D	0.01%	0.01%	0.01%
QRVO	F	0.11%	0.04%	0.04%
RCM	B	0.02%	0.02%	0.02%
REG	C	0.15%	0.04%	0.04%
REYN	D	0.02%	0.02%	0.02%
RGEN	F	0.08%	0.03%	0.03%
RGLD	C	0.1%	0.04%	0.04%
RIVN	F	0.1%	0.04%	0.04%
ROIV	D	0.05%	0.03%	0.03%
ROKU	B	0.09%	0.03%	0.03%
ROST	D	0.42%	0.17%	0.17%
RPRX	D	0.12%	0.04%	0.04%
SAIA	D	0.05%	0.04%	0.04%
SAIC	A	0.08%	0.03%	0.03%
SBAC	C	0.29%	0.09%	0.09%
SEIC	B	0.08%	0.03%	0.03%
SHC	C	0.03%	0.02%	0.02%
SLM	C	0.05%	0.02%	0.02%
SOFI	C	0.07%	0.03%	0.03%
SRCL	A	0.06%	0.01%	0.01%
SRCL	A	0.06%	0.02%	0.02%
SSNC	C	0.18%	0.06%	0.06%
STLD	B	0.22%	0.07%	0.07%
SWKS	F	0.17%	0.05%	0.05%
TECH	D	0.14%	0.04%	0.04%
TER	C	0.02%	0.08%	0.02%
TFSL	F	0.01%	0.02%	0.01%
TPG	B	0.04%	0.02%	0.02%
TRMB	B	0.17%	0.05%	0.05%
TROW	D	0.26%	0.08%	0.08%
TTEK	A	0.11%	0.05%	0.05%
TTWO	F	0.29%	0.09%	0.09%
TW	A	0.1%	0.05%	0.05%
TXG	F	0.01%	0.01%	0.01%
UAL	B	0.21%	0.06%	0.06%
ULTA	D	0.03%	0.06%	0.03%
UTHR	C	0.18%	0.05%	0.05%
VIRT	B	0.03%	0.01%	0.01%
VRSN	B	0.17%	0.06%	0.06%
VTRS	D	0.15%	0.05%	0.05%
WBA	F	0.07%	0.03%	0.03%
WBD	D	0.22%	0.07%	0.07%
WDC	C	0.25%	0.08%	0.08%
WEN	D	0.02%	0.01%	0.01%
WSC	D	0.05%	0.02%	0.02%
WTFC	C	0.08%	0.03%	0.03%
WTW	C	0.34%	0.11%	0.11%
WWD	C	0.11%	0.03%	0.03%
WYNN	B	0.11%	0.03%	0.03%
XEL	B	0.41%	0.13%	0.13%
XRAY	D	0.06%	0.02%	0.02%
Z	C	0.12%	0.04%	0.04%
ZBRA	C	0.16%	0.06%	0.06%
ZG	C	0.03%	0.01%	0.01%
ZION	D	0.07%	0.02%	0.02%
ZM	C	0.2%	0.06%	0.06%

IWS Overweight 513 Positions Relative to ONEQ

Symbol	Grade	Weight
AFL	A	0.71%
AJG	D	0.65%
DHI	C	0.64%
WMB	A	0.63%
O	A	0.62%
OKE	A	0.6%
BK	C	0.59%
DLR	C	0.58%
CCI	C	0.58%
FIS	B	0.53%
LHX	A	0.52%
PEG	A	0.51%
CMI	A	0.5%
LEN	B	0.5%
KVUE	C	0.49%
KMI	A	0.49%
PCG	C	0.48%
PRU	C	0.48%
A	B	0.48%
GIS	C	0.47%
OTIS	A	0.47%
ALL	C	0.47%
CTVA	A	0.46%
URI	C	0.46%
SPG	A	0.46%
CNC	F	0.44%
AME	D	0.44%
IR	B	0.44%
DOW	B	0.43%
HWM	A	0.43%
IQV	F	0.42%
EXR	C	0.42%
KR	C	0.42%
FERG	F	0.42%
CBRE	B	0.42%
ED	A	0.41%
NUE	D	0.41%
DD	C	0.41%
HIG	B	0.39%
HUM	F	0.38%
DFS	C	0.38%
GLW	C	0.38%
VICI	C	0.38%
EIX	B	0.37%
WAB	A	0.36%
DAL	C	0.36%
XYL	C	0.36%
MLM	F	0.35%
MTD	B	0.35%
AVB	C	0.35%
PPG	D	0.34%
WEC	A	0.34%
PHM	A	0.33%
PWR	B	0.33%
ETR	A	0.32%
ADM	F	0.32%
AWK	C	0.32%
NVR	C	0.32%
EFX	C	0.32%
MTB	C	0.32%
FTV	C	0.31%
HLT	B	0.31%
ROK	C	0.31%
EQR	C	0.31%
IFF	C	0.3%
HAL	D	0.3%
DTE	A	0.3%
GRMN	D	0.3%
RCL	C	0.3%
KEYS	C	0.3%
CHD	D	0.29%
GPN	F	0.29%
FE	C	0.29%
VTR	C	0.29%
HPQ	C	0.29%
HPE	B	0.29%
DOV	B	0.29%
STT	C	0.29%
PPL	B	0.28%
WY	C	0.28%
LYB	F	0.28%
DVN	F	0.28%
RMD	C	0.28%
SW	C	0.28%
ES	D	0.27%
HSY	F	0.27%
YUM	B	0.27%
VMC	D	0.27%
HUBB	B	0.26%
STE	D	0.26%
RJF	B	0.26%
AEE	A	0.26%
BBY	C	0.25%
ZBH	F	0.25%
CBOE	B	0.25%
LDOS	A	0.25%
CMS	A	0.24%
K	A	0.24%
COO	C	0.24%
MKC	C	0.24%
SQ	D	0.24%
INVH	F	0.24%
BLDR	B	0.24%
TDY	A	0.23%
ARE	D	0.23%
LNG	A	0.23%
RF	C	0.23%
BALL	C	0.23%
ATO	A	0.23%
APTV	D	0.22%
SYF	B	0.22%
GPC	D	0.22%
OMC	C	0.22%
EQT	B	0.22%
MAA	D	0.21%
LH	D	0.21%
MAS	A	0.21%
DG	F	0.21%
MSCI	B	0.21%
ESS	D	0.21%
BAX	D	0.21%
TRU	A	0.21%
CNP	B	0.21%
PKG	B	0.21%
CSL	A	0.2%
CTRA	D	0.2%
LUV	B	0.2%
CCL	C	0.2%
CFG	D	0.2%
SUI	D	0.19%
RS	D	0.19%
TSN	D	0.19%
WRB	C	0.19%
SWK	C	0.19%
IP	C	0.19%
DGX	C	0.19%
WSO	C	0.19%
AVTR	D	0.19%
NI	A	0.18%
TOL	A	0.18%
CF	A	0.18%
DOC	C	0.18%
PNR	B	0.18%
FNF	B	0.18%
IEX	D	0.18%
TXT	F	0.18%
AMCR	C	0.18%
J	F	0.18%
SYY	C	0.17%
UDR	C	0.17%
IRM	A	0.17%
SNA	A	0.17%
VLTO	A	0.17%
KEY	C	0.17%
OC	C	0.17%
EXPD	D	0.17%
KIM	C	0.17%
RVTY	C	0.17%
MKL	D	0.17%
MRO	C	0.17%
THC	D	0.17%
CAG	D	0.17%
ACM	A	0.16%
BRO	A	0.16%
RNR	A	0.16%
USFD	C	0.16%
L	D	0.16%
RGA	C	0.16%
EG	B	0.16%
AES	C	0.16%
GGG	C	0.16%
EMN	C	0.15%
ELS	D	0.15%
UHS	D	0.15%
WPC	C	0.15%
HES	C	0.15%
BG	F	0.15%
EME	C	0.14%
JBL	D	0.14%
ITT	C	0.14%
CLH	C	0.14%
CVNA	A	0.14%
BXP	C	0.14%
SJM	D	0.14%
ALLE	A	0.14%
CPT	C	0.14%
JNPR	B	0.14%
AMH	D	0.14%
CW	A	0.14%
SCI	D	0.13%
BJ	C	0.13%
FDS	C	0.13%
CCK	C	0.13%
NRG	A	0.13%
NVT	D	0.13%
KMX	F	0.13%
TFX	C	0.13%
IPG	D	0.13%
COHR	A	0.13%
FTI	B	0.13%
CUBE	C	0.13%
RPM	B	0.13%
BLD	D	0.13%
PFGC	A	0.12%
PNW	B	0.12%
AIZ	B	0.12%
DKS	D	0.12%
HII	F	0.12%
ATR	A	0.12%
TPR	C	0.12%
OVV	D	0.12%
REXR	D	0.12%
AOS	B	0.12%
RRX	C	0.12%
CAH	B	0.12%
CTLT	A	0.12%
FBIN	B	0.12%
UNM	A	0.12%
AVY	D	0.12%
CE	C	0.12%
ALB	D	0.12%
CACI	A	0.12%
SOLV	C	0.11%
EHC	B	0.11%
WTRG	D	0.11%
CNH	D	0.11%
AFG	B	0.11%
DPZ	D	0.11%
AA	B	0.11%
NLY	C	0.11%
CRL	F	0.11%
OHI	C	0.11%
TAP	D	0.11%
ARMK	B	0.11%
FWONK	D	0.11%
EPAM	F	0.11%
WST	D	0.1%
ALSN	A	0.1%
RBC	C	0.1%
MOS	F	0.1%
LAD	C	0.1%
JLL	C	0.1%
TWLO	B	0.1%
SNX	D	0.1%
DCI	C	0.1%
NNN	A	0.1%
CIEN	A	0.1%
ORI	B	0.1%
GPK	D	0.1%
EGP	D	0.1%
INGR	B	0.1%
NYT	C	0.1%
WAL	C	0.1%
TTC	D	0.1%
EVR	C	0.1%
MGM	C	0.1%
HRL	F	0.1%
AYI	A	0.1%
PRI	A	0.1%
DRI	C	0.1%
GL	C	0.1%
SF	A	0.1%
FRT	D	0.1%
HLI	B	0.09%
CR	B	0.09%
MTZ	B	0.09%
WBS	D	0.09%
DTM	A	0.09%
BERY	C	0.09%
RL	B	0.09%
JEF	A	0.09%
ACI	F	0.09%
X	F	0.09%
WEX	C	0.09%
AXTA	C	0.09%
CMA	C	0.09%
WSM	B	0.09%
CHE	C	0.09%
GMED	D	0.09%
COLD	D	0.09%
KBR	B	0.09%
VOYA	A	0.09%
BRBR	A	0.09%
BWA	C	0.09%
FCN	C	0.09%
SKX	D	0.09%
BWXT	A	0.09%
ATI	C	0.09%
FHN	D	0.09%
FND	C	0.09%
GWRE	A	0.09%
OGE	A	0.09%
FMC	C	0.09%
KNX	D	0.09%
DAY	B	0.09%
GME	D	0.09%
ALLY	F	0.09%
AR	B	0.09%
WAT	B	0.09%
BRX	C	0.09%
MHK	B	0.09%
TKO	A	0.09%
RHI	D	0.08%
HR	D	0.08%
WMS	D	0.08%
FLS	A	0.08%
BFAM	B	0.08%
VNO	B	0.08%
G	A	0.08%
CART	C	0.08%
VFC	B	0.08%
DINO	D	0.08%
FICO	A	0.08%
ARW	C	0.08%
STAG	D	0.08%
BBWI	F	0.08%
HRB	C	0.08%
KEX	C	0.08%
ELAN	D	0.08%
PR	D	0.08%
WCC	D	0.08%
RRC	C	0.08%
FR	D	0.08%
ONTO	C	0.08%
SSD	B	0.08%
MOH	F	0.08%
APG	F	0.08%
ADC	B	0.08%
DAR	F	0.07%
ESAB	C	0.07%
GWW	B	0.07%
GXO	D	0.07%
ESI	C	0.07%
LEA	F	0.07%
AGCO	D	0.07%
SNV	D	0.07%
RLI	A	0.07%
R	C	0.07%
AXS	A	0.07%
STWD	C	0.07%
PB	D	0.07%
LW	D	0.07%
IVZ	B	0.07%
AZPN	B	0.07%
MSA	F	0.07%
CFR	D	0.07%
NOV	F	0.07%
OSK	F	0.07%
BIO	B	0.07%
MTG	B	0.07%
FAF	C	0.07%
CCCS	D	0.06%
HXL	F	0.06%
W	D	0.06%
WLK	C	0.06%
KD	F	0.06%
LNC	D	0.06%
OMF	F	0.06%
UGI	C	0.06%
VNT	F	0.06%
IDA	D	0.06%
ST	F	0.06%
S	D	0.06%
THG	C	0.06%
SON	D	0.06%
TKR	D	0.06%
PVH	F	0.06%
NFG	A	0.06%
WH	C	0.06%
MDU	C	0.06%
MTDR	F	0.06%
AMG	B	0.06%
SIRI	C	0.06%
RITM	D	0.06%
OLN	C	0.06%
H	C	0.06%
BC	D	0.06%
THO	C	0.06%
WHR	C	0.06%
BEN	F	0.06%
ALK	C	0.06%
VMI	B	0.06%
SN	A	0.06%
POST	D	0.06%
RH	C	0.05%
CLF	F	0.05%
UHAL	B	0.05%
AGO	B	0.05%
AMP	A	0.05%
SITE	D	0.05%
PII	D	0.05%
GAP	F	0.05%
M	F	0.05%
ASH	F	0.05%
FLO	D	0.05%
SLGN	C	0.05%
BYD	C	0.05%
WTM	C	0.05%
CUZ	C	0.05%
DLB	C	0.05%
KRC	C	0.05%
AN	D	0.05%
HOG	D	0.05%
AL	D	0.05%
RYN	C	0.05%
LINE	F	0.05%
GNRC	B	0.05%
CPRI	B	0.05%
PSN	A	0.05%
FNB	D	0.05%
JHG	B	0.05%
OGN	F	0.05%
DOCS	A	0.05%
ZI	D	0.04%
AM	A	0.04%
AMTM	D	0.04%
PLNT	B	0.04%
NSA	C	0.04%
NVST	D	0.04%
VNOM	A	0.04%
SPR	F	0.04%
MAN	D	0.04%
PRGO	F	0.04%
MPW	C	0.04%
HIW	C	0.04%
COTY	F	0.04%
LBTYK	A	0.04%
DNB	D	0.04%
MSGS	A	0.04%
LBTYA	A	0.04%
U	D	0.04%
GTES	C	0.04%
DXC	B	0.04%
SMG	B	0.04%
EPR	C	0.04%
KMPR	D	0.04%
TYL	B	0.04%
NEU	F	0.04%
CIVI	F	0.04%
AWI	A	0.04%
HUN	C	0.04%
MSM	D	0.04%
BILL	D	0.04%
AAP	F	0.03%
ENOV	F	0.03%
MP	B	0.03%
EXP	B	0.03%
KSS	D	0.03%
CRI	D	0.03%
QDEL	D	0.03%
LLYVK	B	0.03%
HHH	C	0.03%
YETI	D	0.03%
SPB	C	0.03%
VAC	D	0.03%
CWEN	C	0.03%
AGR	B	0.03%
CLVT	D	0.03%
RKT	D	0.03%
CC	D	0.03%
CXT	F	0.03%
SEE	D	0.03%
CNM	F	0.03%
WU	D	0.03%
PK	D	0.03%
PAG	D	0.03%
TNL	C	0.03%
PAYC	D	0.03%
CERT	F	0.02%
TRIP	F	0.02%
INFA	D	0.02%
UA	B	0.02%
UAA	B	0.02%
GO	F	0.02%
LEG	D	0.02%
QS	F	0.02%
BIRK	F	0.02%
PSTG	F	0.02%
VSTS	D	0.02%
LEN	B	0.02%
IPGP	D	0.02%
AZEK	C	0.02%
SAM	D	0.02%
GLOB	C	0.02%
ADT	D	0.02%
LPX	C	0.02%
BROS	F	0.02%
HAYW	C	0.02%
JWN	D	0.02%
BR	B	0.02%
CHH	C	0.01%
UI	A	0.01%
PATH	F	0.01%
SEB	F	0.01%
AS	B	0.01%
CWEN	C	0.01%
LLYVA	B	0.01%
MTN	D	0.01%
DV	F	0.01%
FWONA	D	0.01%
ALAB	C	0.01%
CNA	D	0.01%
WOLF	F	0.01%
DDS	D	0.01%
SNDR	C	0.01%
SEG	D	0.0%
LOAR	C	0.0%
PARAA	D	0.0%
UWMC	D	0.0%
GRAL	F	0.0%
LAZ	C	0.0%
DJT	F	0.0%
UHAL	B	0.0%

IWS Underweight 654 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	C	-2.68%
COST	C	-1.34%
NFLX	B	-1.05%
AMD	B	-0.89%
TMUS	A	-0.81%
PEP	F	-0.79%
ADBE	F	-0.77%
LIN	B	-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	B	-0.56%
CMCSA	C	-0.55%
HON	C	-0.46%
BKNG	C	-0.46%
VRTX	D	-0.42%
REGN	D	-0.39%
ADP	A	-0.39%
SBUX	C	-0.38%
MU	D	-0.38%
ADI	C	-0.38%
LRCX	D	-0.36%
MELI	D	-0.36%
PANW	D	-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	C	-0.27%
SNPS	F	-0.26%
CDNS	D	-0.24%
MAR	B	-0.23%
ORLY	A	-0.23%
CRWD	D	-0.22%
CSX	D	-0.22%
MRVL	B	-0.21%
ADSK	C	-0.2%
ROP	C	-0.2%
NXPI	F	-0.2%
FTNT	B	-0.2%
ABNB	D	-0.19%
DASH	C	-0.19%
WDAY	D	-0.18%
MNST	D	-0.18%
AEP	C	-0.18%
TTD	A	-0.17%
KDP	C	-0.17%
CPRT	C	-0.17%
PCAR	C	-0.17%
ODFL	F	-0.15%
MPWR	B	-0.15%
AZN	D	-0.15%
IDXX	D	-0.14%
KHC	F	-0.14%
VRSK	C	-0.13%
APP	A	-0.13%
DDOG	C	-0.12%
CCEP	D	-0.12%
LULU	D	-0.11%
TSCO	B	-0.11%
AXON	A	-0.1%
MRNA	F	-0.09%
TEAM	D	-0.09%
DXCM	F	-0.09%
ERIE	B	-0.09%
STX	B	-0.08%
ICLR	D	-0.08%
ZS	F	-0.08%
TCOM	B	-0.08%
MDB	D	-0.07%
CHKP	C	-0.07%
JD	B	-0.07%
BIDU	B	-0.06%
ENTG	D	-0.06%
PODD	C	-0.06%
ARM	C	-0.06%
EXPE	B	-0.06%
SNY	C	-0.06%
MANH	C	-0.06%
ARGX	A	-0.06%
LPLA	C	-0.06%
DKNG	D	-0.06%
MNDY	B	-0.05%
FLEX	C	-0.05%
LOGI	D	-0.05%
POOL	B	-0.05%
SMMT	C	-0.05%
MORN	C	-0.05%
GRAB	C	-0.05%
BSY	D	-0.05%
ENPH	F	-0.05%
NTRA	B	-0.05%
DUOL	B	-0.04%
INSM	D	-0.04%
TXRH	C	-0.04%
BGNE	B	-0.04%
SFM	A	-0.04%
FUTU	B	-0.04%
NBIX	F	-0.04%
PAA	C	-0.04%
DOCU	B	-0.04%
CYBR	C	-0.04%
SRPT	F	-0.04%
WING	C	-0.04%
BNTX	B	-0.04%
NTES	B	-0.04%
PCVX	C	-0.04%
UFPI	C	-0.03%
GLBE	C	-0.03%
CELH	F	-0.03%
HLNE	A	-0.03%
LNW	F	-0.03%
XP	F	-0.03%
RVMD	B	-0.03%
ITCI	D	-0.03%
SPSC	F	-0.03%
NICE	F	-0.03%
ASND	C	-0.03%
CHDN	D	-0.03%
AAON	B	-0.03%
WIX	D	-0.03%
OTEX	D	-0.03%
PCTY	B	-0.03%
MEDP	F	-0.03%
RUSHA	D	-0.02%
JJSF	C	-0.02%
PTEN	F	-0.02%
ADMA	C	-0.02%
CCOI	B	-0.02%
IBOC	D	-0.02%
CALM	A	-0.02%
CVCO	B	-0.02%
RMBS	F	-0.02%
SLAB	D	-0.02%
NMIH	C	-0.02%
MARA	F	-0.02%
AEIS	D	-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	F	-0.02%
QFIN	B	-0.02%
CFLT	F	-0.02%
CRNX	C	-0.02%
PLXS	B	-0.02%
RNA	B	-0.02%
PRCT	C	-0.02%
DNLI	C	-0.02%
BGC	B	-0.02%
ONB	D	-0.02%
APPF	C	-0.02%
MDGL	F	-0.02%
QLYS	F	-0.02%
KTOS	A	-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	C	-0.02%
HWC	D	-0.02%
WMG	C	-0.02%
FIZZ	F	-0.02%
STEP	A	-0.02%
SITM	B	-0.02%
ITRI	C	-0.02%
KRYS	D	-0.02%
ASO	D	-0.02%
PECO	C	-0.02%
AUR	C	-0.02%
STRL	C	-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	C	-0.02%
VRRM	D	-0.02%
RARE	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	B	-0.02%
FELE	C	-0.02%
UMBF	C	-0.02%
CWST	D	-0.02%
CHCI	B	-0.02%
RKLB	B	-0.02%
TENB	F	-0.02%
EXLS	A	-0.02%
CHX	C	-0.02%
CYTK	D	-0.02%
MMSI	C	-0.02%
CORT	B	-0.02%
ACIW	B	-0.02%
NSIT	B	-0.02%
QXO	F	-0.02%
LI	C	-0.02%
VRNS	C	-0.02%
SIGI	D	-0.02%
FFIN	D	-0.02%
PI	B	-0.02%
BCPC	C	-0.02%
NUVL	B	-0.02%
CRVL	C	-0.02%
EXPO	A	-0.02%
MMYT	D	-0.02%
WFRD	F	-0.02%
CVLT	C	-0.02%
AVAV	B	-0.02%
ACT	C	-0.02%
IEP	F	-0.02%
PEGA	C	-0.02%
GTLB	D	-0.02%
HTHT	B	-0.02%
FRHC	A	-0.02%
VKTX	B	-0.02%
CSWI	C	-0.02%
ENSG	D	-0.02%
LNTH	C	-0.02%
HQY	C	-0.02%
HALO	C	-0.02%
NOVT	D	-0.02%
AMWD	D	-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	D	-0.01%
SOUN	D	-0.01%
ISTR	C	-0.01%
JBSS	F	-0.01%
FFIC	C	-0.01%
EMBC	F	-0.01%
CVAC	F	-0.01%
ESTA	F	-0.01%
WASH	D	-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	B	-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	B	-0.01%
BASE	F	-0.01%
GIII	D	-0.01%
SAVA	D	-0.01%
EYE	F	-0.01%
TRS	D	-0.01%
GMAB	F	-0.01%
PLAY	D	-0.01%
NNBR	D	-0.01%
ASTL	C	-0.01%
NNDM	C	-0.01%
SDGR	F	-0.01%
CNTA	C	-0.01%
KELYA	D	-0.01%
FLGT	F	-0.01%
WOOF	A	-0.01%
FWRG	F	-0.01%
PFC	D	-0.01%
BVS	B	-0.01%
MNTK	D	-0.01%
OPK	C	-0.01%
IREN	D	-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	F	-0.01%
ODP	F	-0.01%
IBUY	B	-0.01%
TVTX	C	-0.01%
CBRL	D	-0.01%
KRNT	B	-0.01%
TREE	C	-0.01%
VIR	F	-0.01%
KALU	D	-0.01%
MRVI	F	-0.01%
DLO	D	-0.01%
GSM	F	-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	B	-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	A	-0.01%
NVEE	F	-0.01%
TRNS	D	-0.01%
BLBD	D	-0.01%
UDMY	F	-0.01%
PDFS	F	-0.01%
COLL	B	-0.01%
FWRD	C	-0.01%
TYRA	D	-0.01%
LBPH	C	-0.01%
DHC	B	-0.01%
COGT	C	-0.01%
CLSK	F	-0.01%
RDFN	C	-0.01%
HROW	A	-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	D	-0.01%
GDYN	B	-0.01%
VMEO	C	-0.01%
QNST	C	-0.01%
APOG	C	-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	C	-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	F	-0.01%
CSGS	C	-0.01%
NEO	F	-0.01%
AUPH	C	-0.01%
SAFT	D	-0.01%
SVC	F	-0.01%
PLAB	D	-0.01%
CENTA	F	-0.01%
WINA	D	-0.01%
UNIT	B	-0.01%
PSNY	C	-0.01%
NAVI	F	-0.01%
TLRY	F	-0.01%
AOSL	D	-0.01%
INFN	A	-0.01%
ERII	C	-0.01%
MNKD	B	-0.01%
VITL	B	-0.01%
UPBD	F	-0.01%
LKFN	F	-0.01%
INVA	B	-0.01%
UCTT	D	-0.01%
FIVN	F	-0.01%
MSEX	D	-0.01%
STAA	D	-0.01%
KURA	F	-0.01%
ENVX	D	-0.01%
ARDX	D	-0.01%
VRDN	B	-0.01%
MYRG	F	-0.01%
ANDE	D	-0.01%
PRDO	D	-0.01%
WVE	B	-0.01%
DVAX	D	-0.01%
VECO	F	-0.01%
AXNX	A	-0.01%
IAS	F	-0.01%
CAKE	B	-0.01%
SASR	C	-0.01%
LILAK	D	-0.01%
PDCO	F	-0.01%
NWBI	D	-0.01%
ZLAB	B	-0.01%
AHCO	D	-0.01%
JANX	C	-0.01%
TTMI	D	-0.01%
XNCR	D	-0.01%
BUSE	D	-0.01%
SIMO	F	-0.01%
DCOM	C	-0.01%
CENX	C	-0.01%
MGNI	D	-0.01%
WSBC	D	-0.01%
RXST	F	-0.01%
APPN	B	-0.01%
PAGP	D	-0.01%
DOOO	F	-0.01%
DNUT	D	-0.01%
AKRO	C	-0.01%
HLIT	D	-0.01%
ROIC	C	-0.01%
ARVN	F	-0.01%
PRVA	F	-0.01%
IDCC	A	-0.01%
SYBT	D	-0.01%
TRUP	D	-0.01%
VERA	C	-0.01%
AY	B	-0.01%
VRNA	B	-0.01%
VBTX	C	-0.01%
CHEF	D	-0.01%
ATEX	D	-0.01%
CNXN	C	-0.01%
CASH	D	-0.01%
SUPN	D	-0.01%
HOPE	D	-0.01%
BEAM	F	-0.01%
EVCM	F	-0.01%
OLPX	B	-0.01%
CRTO	D	-0.01%
FRME	D	-0.01%
VC	F	-0.01%
GGAL	C	-0.01%
IRTC	F	-0.01%
PLUG	F	-0.01%
EXTR	C	-0.01%
SNDX	F	-0.01%
MLCO	B	-0.01%
LAUR	C	-0.01%
AMRK	B	-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	C	-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	D	-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	D	-0.01%
NTCT	C	-0.01%
CPRX	C	-0.01%
XPEL	D	-0.01%
FFBC	D	-0.01%
BANR	C	-0.01%
MGPI	F	-0.01%
RPD	D	-0.01%
SBLK	C	-0.01%
FBNC	D	-0.01%
HURN	D	-0.01%
HAIN	B	-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	D	-0.01%
NARI	F	-0.01%
VCYT	C	-0.01%
LMAT	C	-0.01%
MYGN	D	-0.01%
IDYA	F	-0.01%
KYMR	D	-0.01%
ADUS	D	-0.01%
ALRM	F	-0.01%
RBCAA	D	-0.01%
LGIH	C	-0.01%
EWTX	C	-0.01%
MQ	F	-0.01%
VIAV	B	-0.01%
IOVA	F	-0.01%
NBTB	D	-0.01%
SWTX	F	-0.01%
MIRM	D	-0.01%
NMRK	B	-0.01%
KLIC	C	-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	C	-0.01%
ACAD	F	-0.01%
LIVN	B	-0.01%
KROS	B	-0.01%
JBLU	B	-0.01%
OMCL	C	-0.01%
PLMR	B	-0.01%
GH	F	-0.01%
ERIC	B	-0.01%
OSIS	C	-0.01%
AMPH	C	-0.01%
CGON	C	-0.01%
PRFT	A	-0.01%
TGTX	D	-0.01%
HTLF	C	-0.01%
FLNC	C	-0.01%
TOWN	D	-0.01%
NWE	B	-0.01%
IBTX	D	-0.01%
MRCY	B	-0.01%
BL	C	-0.01%
SKYW	C	-0.01%
IOSP	F	-0.01%
UPST	C	-0.01%
DRVN	C	-0.01%
GOGL	B	-0.01%
SNEX	C	-0.01%
EBC	C	-0.01%
VERX	A	-0.01%
DYN	D	-0.01%
PLUS	C	-0.01%
USLM	C	-0.01%
APLS	F	-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	B	-0.01%
CATY	D	-0.01%
EXPI	C	-0.01%
RYTM	C	-0.01%
FIBK	D	-0.01%
PAYO	A	-0.01%
AGYS	D	-0.01%
FORM	F	-0.01%
SFNC	C	-0.01%
OTTR	F	-0.01%
FTDR	C	-0.01%
WSFS	D	-0.01%
VICR	B	-0.01%
WAFD	D	-0.01%
AMBA	B	-0.01%
ASTH	A	-0.01%
ESGR	D	-0.01%
ACVA	C	-0.01%
URBN	F	-0.01%
LFST	C	-0.01%
HWKN	C	-0.01%
SATS	C	-0.01%
DORM	D	-0.01%
FA	A	-0.01%
POWL	B	-0.01%
NEOG	F	-0.01%
XENE	D	-0.01%
MGEE	B	-0.01%
SMPL	D	-0.01%
ROAD	C	-0.01%
POWI	F	-0.01%
TBBK	B	-0.01%
WDFC	D	-0.01%
FOLD	F	-0.01%
ICFI	C	-0.01%
CLBT	C	-0.01%
BANF	D	-0.01%
BILI	B	-0.01%
SHOO	C	-0.01%
PATK	B	-0.01%
ARLP	A	-0.01%
ALKT	D	-0.01%
CRSP	F	-0.01%
TCBI	C	-0.01%