IWS vs. SCHJ ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to HCM Defender 500 Index ETF (SCHJ)

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

$132.00

Average Daily Volume

302,715

Number of Holdings ^*

705

* may have additional holdings in another (foreign) market

SCHJ

HCM Defender 500 Index ETF

SCHJ Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Bloomberg Barclays US 1-5 Year Corporate Bond Index. To pursue its goal, the fund generally invests in securities that are included in the index. The index measures the performance of U.S. investment grade, taxable corporate bonds with maturities greater than or equal to one year and less than five years that have $300 million or more of outstanding face value. It is the fund's policy that under normal circumstances it will invest at least 90% of its net assets in securities included in the index.

Grade (RS Rating)

Last Trade

$49.60

Average Daily Volume

51,058

Number of Holdings ^*

436

* may have additional holdings in another (foreign) market

Performance

Period	IWS	SCHJ
30 Days	2.33%	1.32%
60 Days	4.36%	2.76%
90 Days	7.82%	3.29%
12 Months	22.59%	9.09%

226 Overlapping Holdings

	Symbol	Grade	Weight in IWS	Weight in SCHJ	Overlap
	A	C	0.46%	0.02%	0.02%
	ADM	D	0.34%	0.02%	0.02%
	AEE	B	0.26%	0.0%	0.0%
	AES	C	0.15%	0.0%	0.0%
	AFL	B	0.71%	0.01%	0.01%
	AGO	C	0.05%	0.02%	0.02%
	AGR	B	0.03%	0.02%	0.02%
	AIZ	B	0.12%	0.02%	0.02%
	AL	D	0.05%	0.02%	0.02%
	ALB	F	0.12%	0.01%	0.01%
	ALL	A	0.48%	0.03%	0.03%
	ALLE	B	0.14%	0.02%	0.02%
	ALLY	F	0.09%	0.03%	0.03%
	AMCR	C	0.18%	0.03%	0.03%
	AMG	C	0.06%	0.01%	0.01%
	AMP	B	0.04%	0.02%	0.02%
	AN	D	0.05%	0.03%	0.03%
	APTV	D	0.21%	0.01%	0.01%
	ARE	B	0.25%	0.02%	0.02%
	ARW	C	0.08%	0.01%	0.01%
	ATO	B	0.24%	0.05%	0.05%
	AVB	B	0.38%	0.01%	0.01%
	AVT	D	0.05%	0.03%	0.03%
	AWK	A	0.33%	0.02%	0.02%
	BAX	C	0.23%	0.03%	0.03%
	BC	C	0.06%	0.03%	0.03%
	BEN	F	0.07%	0.01%	0.01%
	BERY	B	0.09%	0.05%	0.05%
	BG	D	0.16%	0.02%	0.02%
	BIIB	F	0.33%	0.1%	0.1%
	BK	A	0.59%	0.01%	0.01%
	BR	D	0.03%	0.02%	0.02%
	BRO	C	0.16%	0.01%	0.01%
	BRX	B	0.1%	0.0%	0.0%
	BWA	D	0.08%	0.03%	0.03%
	BXP	B	0.14%	0.02%	0.02%
	CAG	B	0.18%	0.01%	0.01%
	CAH	C	0.13%	0.02%	0.02%
	CCI	B	0.59%	0.01%	0.01%
	CE	D	0.12%	0.03%	0.03%
	CF	B	0.17%	0.02%	0.02%
	CFG	D	0.21%	0.02%	0.02%
	CHD	C	0.29%	0.01%	0.01%
	CHTR	D	0.37%	0.06%	0.06%
	CMA	B	0.09%	0.04%	0.04%
	CMI	C	0.47%	0.0%	0.0%
	CMS	A	0.24%	0.0%	0.0%
	CNA	C	0.01%	0.02%	0.01%
	CNH	C	0.1%	0.02%	0.02%
	CNP	C	0.2%	0.02%	0.02%
	CPB	B	0.11%	0.01%	0.01%
	CSL	C	0.19%	0.01%	0.01%
	CTRA	F	0.19%	0.0%	0.0%
	CTVA	B	0.45%	0.02%	0.02%
	CUBE	B	0.14%	0.0%	0.0%
	DAL	C	0.33%	0.02%	0.02%
	DD	B	0.39%	0.09%	0.09%
	DFS	C	0.38%	0.02%	0.02%
	DG	F	0.21%	0.03%	0.03%
	DGX	B	0.2%	0.03%	0.03%
	DHI	B	0.66%	0.02%	0.02%
	DLR	B	0.59%	0.03%	0.03%
	DLTR	F	0.16%	0.05%	0.05%
	DOC	C	0.18%	0.0%	0.0%
	DOV	B	0.29%	0.02%	0.02%
	DOW	D	0.4%	0.04%	0.04%
	DTE	B	0.3%	0.01%	0.01%
	DVN	F	0.28%	0.02%	0.02%
	DXC	C	0.04%	0.04%	0.04%
	EA	D	0.45%	0.03%	0.03%
	EBAY	B	0.37%	0.03%	0.03%
	ED	C	0.41%	0.03%	0.03%
	EFX	C	0.34%	0.01%	0.01%
	EIX	C	0.37%	0.0%	0.0%
	EMN	B	0.14%	0.05%	0.05%
	EQR	B	0.34%	0.03%	0.03%
	ES	C	0.27%	0.01%	0.01%
	ESS	B	0.23%	0.0%	0.0%
	ETR	A	0.31%	0.02%	0.02%
	EVRG	A	0.16%	0.03%	0.03%
	EXC	B	0.46%	0.03%	0.03%
	FAF	B	0.08%	0.03%	0.03%
	FANG	D	0.35%	0.03%	0.03%
	FCNCA	D	0.25%	0.0%	0.0%
	FE	C	0.29%	0.01%	0.01%
	FHN	D	0.1%	0.02%	0.02%
	FIS	B	0.54%	0.03%	0.03%
	FITB	B	0.33%	0.01%	0.01%
	FNB	D	0.06%	0.02%	0.02%
	FOXA	B	0.11%	0.04%	0.04%
	FRT	C	0.11%	0.03%	0.03%
	FTV	C	0.3%	0.03%	0.03%
	G	C	0.08%	0.02%	0.02%
	GIS	B	0.48%	0.01%	0.01%
	GLPI	B	0.16%	0.02%	0.02%
	GPN	D	0.32%	0.02%	0.02%
	GWW	B	0.06%	0.03%	0.03%
	GXO	D	0.07%	0.02%	0.02%
	H	C	0.06%	0.02%	0.02%
	HAL	F	0.28%	0.03%	0.03%
	HAS	B	0.01%	0.03%	0.01%
	HBAN	B	0.24%	0.02%	0.02%
	HES	D	0.14%	0.02%	0.02%
	HII	C	0.12%	0.02%	0.02%
	HOG	C	0.05%	0.02%	0.02%
	HPE	D	0.25%	0.03%	0.03%
	HPQ	D	0.28%	0.1%	0.1%
	HRB	C	0.08%	0.02%	0.02%
	HRL	C	0.11%	0.05%	0.05%
	HST	D	0.14%	0.02%	0.02%
	HSY	C	0.29%	0.01%	0.01%
	HUBB	B	0.25%	0.02%	0.02%
	HUM	F	0.44%	0.01%	0.01%
	IFF	B	0.3%	0.03%	0.03%
	ILMN	C	0.24%	0.02%	0.02%
	IP	B	0.19%	0.03%	0.03%
	IVZ	C	0.07%	0.0%	0.0%
	JBHT	D	0.16%	0.04%	0.04%
	JBL	D	0.13%	0.03%	0.03%
	JEF	B	0.09%	0.04%	0.04%
	JHG	B	0.05%	0.03%	0.03%
	JNPR	A	0.14%	0.02%	0.02%
	K	A	0.24%	0.02%	0.02%
	KEY	B	0.17%	0.03%	0.03%
	KEYS	C	0.3%	0.03%	0.03%
	KIM	B	0.18%	0.0%	0.0%
	KMI	A	0.47%	0.01%	0.01%
	KMPR	D	0.04%	0.03%	0.03%
	KR	B	0.42%	0.02%	0.02%
	KRC	B	0.05%	0.02%	0.02%
	KSS	F	0.03%	0.02%	0.02%
	L	B	0.16%	0.02%	0.02%
	LAZ	A	0.01%	0.02%	0.01%
	LDOS	C	0.24%	0.03%	0.03%
	LEG	D	0.02%	0.02%	0.02%
	LEN	B	0.02%	0.02%	0.02%
	LEN	B	0.51%	0.02%	0.02%
	LH	B	0.21%	0.02%	0.02%
	LHX	D	0.5%	0.03%	0.03%
	LNC	D	0.06%	0.02%	0.02%
	LNT	A	0.17%	0.02%	0.02%
	LUV	C	0.2%	0.04%	0.04%
	LYB	F	0.28%	0.02%	0.02%
	MAA	B	0.22%	0.01%	0.01%
	MCHP	D	0.47%	0.05%	0.05%
	MHK	B	0.1%	0.03%	0.03%
	MKC	B	0.24%	0.03%	0.03%
	MLM	D	0.35%	0.04%	0.04%
	MOS	F	0.1%	0.04%	0.04%
	MTB	B	0.32%	0.01%	0.01%
	NDAQ	B	0.35%	0.02%	0.02%
	NEU	D	0.04%	0.02%	0.02%
	NFG	B	0.06%	0.01%	0.01%
	NI	B	0.17%	0.06%	0.06%
	NNN	B	0.1%	0.02%	0.02%
	NTAP	D	0.15%	0.02%	0.02%
	NTRS	B	0.21%	0.04%	0.04%
	NUE	F	0.4%	0.02%	0.02%
	O	B	0.62%	0.01%	0.01%
	OC	C	0.16%	0.02%	0.02%
	OGE	B	0.09%	0.01%	0.01%
	OHI	A	0.11%	0.01%	0.01%
	OKE	B	0.61%	0.0%	0.0%
	OMC	A	0.22%	0.02%	0.02%
	ORI	A	0.1%	0.03%	0.03%
	OTIS	D	0.44%	0.07%	0.07%
	PCG	C	0.48%	0.02%	0.02%
	PEG	B	0.48%	0.02%	0.02%
	PFG	B	0.22%	0.02%	0.02%
	PHM	B	0.33%	0.03%	0.03%
	PKG	B	0.21%	0.02%	0.02%
	PNW	B	0.12%	0.02%	0.02%
	PPG	C	0.34%	0.01%	0.01%
	PPL	C	0.27%	0.04%	0.04%
	PRU	C	0.48%	0.01%	0.01%
	PVH	F	0.06%	0.03%	0.03%
	R	B	0.07%	0.02%	0.02%
	RF	B	0.23%	0.05%	0.05%
	RGA	B	0.16%	0.02%	0.02%
	RL	B	0.08%	0.03%	0.03%
	RNR	B	0.15%	0.02%	0.02%
	ROK	D	0.31%	0.02%	0.02%
	ROST	C	0.45%	0.02%	0.02%
	RPM	B	0.14%	0.02%	0.02%
	RPRX	C	0.12%	0.04%	0.04%
	RS	D	0.18%	0.02%	0.02%
	SF	A	0.1%	0.05%	0.05%
	SJM	C	0.14%	0.05%	0.05%
	SNV	C	0.08%	0.02%	0.02%
	SNX	D	0.1%	0.03%	0.03%
	SPG	B	0.45%	0.02%	0.02%
	STLD	D	0.19%	0.02%	0.02%
	STT	A	0.29%	0.01%	0.01%
	SWK	B	0.18%	0.03%	0.03%
	SWKS	F	0.19%	0.03%	0.03%
	SYF	C	0.22%	0.05%	0.05%
	SYY	D	0.17%	0.02%	0.02%
	TAP	C	0.11%	0.08%	0.08%
	TDY	C	0.23%	0.02%	0.02%
	THG	A	0.06%	0.03%	0.03%
	TKR	D	0.06%	0.02%	0.02%
	TPR	C	0.11%	0.03%	0.03%
	TRMB	C	0.16%	0.02%	0.02%
	TSN	C	0.2%	0.02%	0.02%
	TXT	D	0.19%	0.0%	0.0%
	UAL	B	0.19%	0.02%	0.02%
	UHS	B	0.15%	0.04%	0.04%
	UNM	B	0.12%	0.02%	0.02%
	VFC	C	0.07%	0.04%	0.04%
	VMC	D	0.27%	0.03%	0.03%
	VNO	B	0.07%	0.01%	0.01%
	VNT	D	0.06%	0.03%	0.03%
	VOYA	A	0.09%	0.02%	0.02%
	VRSN	D	0.17%	0.03%	0.03%
	VTR	C	0.3%	0.01%	0.01%
	WAB	A	0.34%	0.02%	0.02%
	WAL	B	0.1%	0.02%	0.02%
	WBA	F	0.08%	0.06%	0.06%
	WEC	B	0.35%	0.02%	0.02%
	WHR	D	0.06%	0.0%	0.0%
	WLK	D	0.05%	0.04%	0.04%
	WMB	B	0.63%	0.03%	0.03%
	WPC	B	0.16%	0.02%	0.02%
	WU	D	0.03%	0.0%	0.0%
	XEL	A	0.41%	0.02%	0.02%
	ZBH	F	0.25%	0.01%	0.01%

IWS Overweight 479 Positions Relative to SCHJ

	Symbol	Grade	Weight
	AJG	C	0.69%
	KVUE	B	0.51%
	CNC	C	0.46%
	ACGL	B	0.46%
	IQV	C	0.44%
	CTSH	C	0.44%
	AME	C	0.44%
	EXR	B	0.43%
	CBRE	A	0.42%
	FERG	C	0.42%
	IR	C	0.42%
	URI	B	0.42%
	VICI	C	0.41%
	HWM	B	0.41%
	HIG	A	0.39%
	BKR	D	0.38%
	GEHC	C	0.38%
	CSGP	D	0.37%
	GLW	B	0.37%
	XYL	D	0.36%
	ON	D	0.35%
	WTW	B	0.34%
	MTD	D	0.33%
	ANSS	F	0.32%
	NVR	B	0.32%
	PAYX	C	0.32%
	GRMN	D	0.31%
	PWR	B	0.31%
	HLT	B	0.3%
	RCL	B	0.3%
	SBAC	C	0.3%
	RMD	C	0.3%
	TTWO	D	0.29%
	STE	C	0.28%
	FSLR	C	0.28%
	YUM	D	0.27%
	WY	C	0.27%
	RJF	C	0.26%
	INVH	C	0.26%
	TROW	D	0.26%
	COO	B	0.25%
	CBOE	C	0.25%
	BALL	C	0.24%
	SQ	D	0.24%
	WBD	D	0.24%
	MSTR	D	0.24%
	CINF	B	0.24%
	WDC	D	0.24%
	BBY	B	0.24%
	BLDR	C	0.23%
	LNG	D	0.23%
	GPC	D	0.22%
	J	D	0.21%
	SUI	B	0.21%
	MSCI	C	0.21%
	AVTR	B	0.21%
	WRB	C	0.21%
	TRU	B	0.21%
	EQT	D	0.21%
	HOLX	B	0.21%
	CCL	C	0.2%
	MAS	B	0.2%
	SSNC	B	0.19%
	WSO	C	0.19%
	ZM	C	0.19%
	MKL	C	0.18%
	UDR	B	0.18%
	TOL	B	0.18%
	THC	B	0.18%
	FNF	A	0.18%
	BMRN	F	0.18%
	SNA	B	0.17%
	IRM	B	0.17%
	HOOD	C	0.17%
	CDW	D	0.17%
	AKAM	D	0.17%
	UTHR	C	0.17%
	GEN	A	0.17%
	MRO	D	0.17%
	VLTO	C	0.17%
	RVTY	B	0.17%
	IEX	D	0.17%
	PNR	B	0.17%
	ZBRA	B	0.16%
	REG	C	0.16%
	USFD	B	0.16%
	VTRS	C	0.16%
	AMH	C	0.16%
	GGG	C	0.16%
	EG	B	0.16%
	ELS	C	0.16%
	EXPD	B	0.16%
	NDSN	C	0.16%
	CLH	B	0.15%
	JKHY	B	0.15%
	CPT	B	0.15%
	ACM	B	0.15%
	IBKR	B	0.15%
	CW	B	0.14%
	FFIV	A	0.14%
	FDS	C	0.13%
	NVT	D	0.13%
	RIVN	F	0.13%
	INCY	C	0.13%
	EWBC	C	0.13%
	AVY	D	0.13%
	ITT	C	0.13%
	EME	B	0.13%
	DKS	D	0.13%
	BLD	D	0.13%
	SCI	B	0.13%
	CHRW	B	0.13%
	KMX	D	0.13%
	TFX	C	0.13%
	SW	B	0.13%
	IPG	C	0.13%
	TECH	C	0.13%
	CASY	D	0.13%
	CRL	D	0.12%
	ATR	B	0.12%
	RRX	C	0.12%
	NLY	A	0.12%
	COHR	B	0.12%
	NTNX	C	0.12%
	QRVO	F	0.12%
	NRG	C	0.12%
	OVV	D	0.12%
	FBIN	B	0.12%
	FTI	D	0.12%
	CACI	B	0.12%
	EPAM	D	0.12%
	CCK	A	0.12%
	BJ	D	0.12%
	CTLT	B	0.12%
	LKQ	D	0.12%
	REXR	C	0.12%
	EHC	B	0.11%
	MTCH	C	0.11%
	RGLD	B	0.11%
	Z	B	0.11%
	CHK	D	0.11%
	MKTX	C	0.11%
	AOS	C	0.11%
	PFGC	B	0.11%
	GL	C	0.11%
	TTEK	C	0.11%
	CVNA	B	0.11%
	SOLV	C	0.11%
	AFG	B	0.11%
	WWD	D	0.11%
	WTRG	D	0.11%
	DOX	C	0.11%
	NWSA	D	0.11%
	FWONK	D	0.11%
	ARMK	B	0.11%
	AFRM	C	0.11%
	JLL	B	0.1%
	KNX	C	0.1%
	TWLO	D	0.1%
	CZR	C	0.1%
	DCI	D	0.1%
	LAMR	A	0.1%
	WST	D	0.1%
	NYT	C	0.1%
	APA	F	0.1%
	TTC	D	0.1%
	EVR	B	0.1%
	CG	C	0.1%
	MGM	D	0.1%
	INGR	A	0.1%
	EGP	B	0.1%
	FYBR	C	0.1%
	PRI	B	0.1%
	HSIC	C	0.1%
	DRI	C	0.1%
	DPZ	F	0.1%
	GPK	B	0.1%
	DTM	B	0.09%
	CBSH	C	0.09%
	FR	C	0.09%
	CR	C	0.09%
	WSM	C	0.09%
	WAT	C	0.09%
	ALGN	D	0.09%
	WEX	C	0.09%
	ADC	C	0.09%
	LAD	C	0.09%
	FND	C	0.09%
	KBR	D	0.09%
	AXTA	C	0.09%
	ATI	C	0.09%
	ALSN	B	0.09%
	BRBR	B	0.09%
	MOH	C	0.09%
	WBS	C	0.09%
	GWRE	A	0.09%
	COKE	C	0.09%
	CHE	C	0.09%
	AR	D	0.09%
	FCN	C	0.09%
	GMED	D	0.09%
	APG	D	0.09%
	TKO	B	0.09%
	AYI	B	0.09%
	FMC	C	0.09%
	DAY	D	0.09%
	ACI	F	0.09%
	ROKU	C	0.09%
	X	D	0.09%
	CIEN	C	0.09%
	PTC	D	0.09%
	RBC	C	0.09%
	AA	D	0.09%
	TW	A	0.09%
	CHRD	F	0.09%
	COLD	D	0.09%
	SKX	C	0.09%
	OSK	D	0.08%
	LSTR	D	0.08%
	PB	B	0.08%
	MSA	C	0.08%
	PR	D	0.08%
	JAZZ	D	0.08%
	RGEN	F	0.08%
	ZION	D	0.08%
	MTG	B	0.08%
	SEIC	B	0.08%
	GNTX	F	0.08%
	SOFI	C	0.08%
	WTFC	B	0.08%
	RRC	D	0.08%
	SWN	D	0.08%
	KEX	C	0.08%
	BFAM	C	0.08%
	SSD	C	0.08%
	WCC	C	0.08%
	FICO	A	0.08%
	SAIC	C	0.08%
	MKSI	F	0.08%
	ACHC	C	0.08%
	LECO	F	0.08%
	MTZ	B	0.08%
	HR	C	0.08%
	BWXT	D	0.08%
	MIDD	C	0.08%
	ELAN	D	0.08%
	CRUS	D	0.08%
	AGNC	A	0.08%
	EXAS	C	0.08%
	ONTO	F	0.08%
	HLI	B	0.08%
	STAG	C	0.08%
	PNFP	B	0.08%
	DINO	D	0.08%
	WYNN	D	0.08%
	AGCO	D	0.07%
	POST	C	0.07%
	SRCL	A	0.07%
	ESI	D	0.07%
	RITM	B	0.07%
	RLI	B	0.07%
	LEA	D	0.07%
	SIRI	C	0.07%
	OLLI	C	0.07%
	AZPN	A	0.07%
	WMS	D	0.07%
	FLS	D	0.07%
	BBWI	F	0.07%
	LFUS	D	0.07%
	AXS	B	0.07%
	PARA	F	0.07%
	NOV	D	0.07%
	FAST	C	0.07%
	CROX	C	0.07%
	BIO	C	0.07%
	LW	D	0.07%
	CGNX	D	0.07%
	STWD	A	0.07%
	OKTA	F	0.07%
	BPOP	C	0.07%
	CART	A	0.07%
	CFR	C	0.07%
	MAT	C	0.07%
	RHI	D	0.07%
	AAL	D	0.07%
	OLED	C	0.06%
	CCCS	D	0.06%
	FOX	B	0.06%
	HXL	F	0.06%
	UGI	C	0.06%
	WSC	D	0.06%
	LBRDK	D	0.06%
	COLB	B	0.06%
	COIN	F	0.06%
	ST	D	0.06%
	OLN	D	0.06%
	THO	D	0.06%
	IDA	B	0.06%
	KD	D	0.06%
	ALK	C	0.06%
	OGN	D	0.06%
	OMF	C	0.06%
	XRAY	D	0.06%
	MTDR	D	0.06%
	SON	C	0.06%
	SN	B	0.06%
	VMI	D	0.06%
	GME	F	0.06%
	MDU	B	0.06%
	DAR	F	0.06%
	WH	B	0.06%
	ESAB	C	0.06%
	MTSI	D	0.06%
	SITE	D	0.05%
	BILL	D	0.05%
	UHAL	B	0.05%
	M	F	0.05%
	ROIV	C	0.05%
	DLB	D	0.05%
	GNRC	D	0.05%
	DBX	D	0.05%
	BYD	C	0.05%
	PII	D	0.05%
	GAP	F	0.05%
	SLGN	B	0.05%
	EEFT	D	0.05%
	CPRI	D	0.05%
	FLO	C	0.05%
	W	D	0.05%
	ASH	D	0.05%
	S	C	0.05%
	WTM	F	0.05%
	DOCS	B	0.05%
	CUZ	B	0.05%
	OZK	D	0.05%
	FRPT	B	0.05%
	PSN	B	0.05%
	SLM	C	0.05%
	RYN	C	0.05%
	SAIA	D	0.05%
	AMED	C	0.04%
	AM	B	0.04%
	PAYC	D	0.04%
	NWS	D	0.04%
	CNXC	D	0.04%
	NXST	D	0.04%
	NWL	D	0.04%
	PLNT	A	0.04%
	ZI	D	0.04%
	U	D	0.04%
	NVST	D	0.04%
	LBTYA	B	0.04%
	SPR	D	0.04%
	MAN	C	0.04%
	NSA	B	0.04%
	HIW	B	0.04%
	LCID	C	0.04%
	MSGS	B	0.04%
	AMKR	F	0.04%
	LBTYK	B	0.04%
	GTES	C	0.04%
	DNB	C	0.04%
	COTY	F	0.04%
	TPG	B	0.04%
	MSM	D	0.04%
	HUN	D	0.04%
	EPR	B	0.04%
	AWI	B	0.04%
	TYL	C	0.04%
	CLF	F	0.04%
	ALNY	B	0.04%
	LITE	B	0.04%
	MPW	C	0.04%
	PRGO	D	0.04%
	CIVI	F	0.04%
	RH	B	0.04%
	IAC	C	0.04%
	GFS	F	0.04%
	RCM	C	0.03%
	ETSY	F	0.03%
	JWN	B	0.03%
	EXP	B	0.03%
	ENOV	F	0.03%
	MASI	D	0.03%
	BOKF	B	0.03%
	CNM	F	0.03%
	YETI	D	0.03%
	HHH	C	0.03%
	PINC	C	0.03%
	ULTA	D	0.03%
	CWEN	B	0.03%
	AAP	F	0.03%
	CC	F	0.03%
	QDEL	D	0.03%
	SHC	B	0.03%
	VAC	F	0.03%
	BRKR	D	0.03%
	CRI	C	0.03%
	SEE	D	0.03%
	BHF	D	0.03%
	AZTA	D	0.03%
	CLVT	D	0.03%
	VIRT	B	0.03%
	SPB	B	0.03%
	RKT	B	0.03%
	COLM	B	0.03%
	VNOM	C	0.03%
	ZG	B	0.03%
	LOPE	D	0.03%
	PAG	D	0.03%
	CXT	D	0.03%
	TNL	D	0.03%
	FHB	C	0.03%
	PK	D	0.03%
	IRDM	D	0.03%
	SMG	C	0.03%
	PENN	D	0.03%
	SNDR	B	0.02%
	TRIP	F	0.02%
	UAA	C	0.02%
	UA	C	0.02%
	WEN	C	0.02%
	PPC	D	0.02%
	GO	F	0.02%
	INFA	D	0.02%
	ALGM	F	0.02%
	FTRE	F	0.02%
	AS	C	0.02%
	REYN	C	0.02%
	MP	D	0.02%
	TER	D	0.02%
	BIRK	D	0.02%
	PSTG	F	0.02%
	BROS	D	0.02%
	LPX	B	0.02%
	LLYVK	B	0.02%
	HAYW	C	0.02%
	IPGP	F	0.02%
	AZEK	C	0.02%
	VSTS	D	0.02%
	SAM	F	0.02%
	ADT	D	0.02%
	GLOB	D	0.02%
	QS	F	0.02%
	UI	B	0.01%
	IONS	F	0.01%
	PLTK	C	0.01%
	CHH	C	0.01%
	CACC	D	0.01%
	TFSL	C	0.01%
	PATH	D	0.01%
	HCP	A	0.01%
	LBRDA	D	0.01%
	LSCC	D	0.01%
	LLYVA	B	0.01%
	CAR	F	0.01%
	TXG	D	0.01%
	SEB	C	0.01%
	PYCR	D	0.01%
	ALAB	D	0.01%
	NCNO	D	0.01%
	CWEN	B	0.01%
	MTN	D	0.01%
	WOLF	F	0.01%
	DV	F	0.01%
	DDS	D	0.01%
	FIVE	D	0.01%
	FWONA	C	0.01%
	LYFT	D	0.01%
	EXEL	B	0.01%
	CERT	F	0.01%
	SEG	C	0.0%
	LOAR	C	0.0%
	PARAA	D	0.0%
	UHAL	B	0.0%
	UWMC	C	0.0%
	GRAL	F	0.0%
	NFE	F	0.0%
	DJT	F	0.0%

IWS Underweight 211 Positions Relative to SCHJ

	Symbol	Grade	Weight
	CARR	B	-0.1%
	MDT	C	-0.1%
	COP	D	-0.09%
	BABA	C	-0.09%
	V	B	-0.09%
	KLAC	D	-0.07%
	CME	C	-0.07%
	BLK	A	-0.07%
	STLA	F	-0.07%
	GILD	B	-0.07%
	TMUS	C	-0.06%
	ORCL	B	-0.06%
	ETN	C	-0.05%
	KO	B	-0.05%
	ADP	B	-0.05%
	VRSK	D	-0.05%
	TGT	C	-0.05%
	BDX	F	-0.05%
	MRK	D	-0.05%
	GS	D	-0.05%
	MSFT	C	-0.05%
	ITW	B	-0.04%
	SPGI	B	-0.04%
	AMAT	D	-0.04%
	BHP	D	-0.04%
	FDX	C	-0.04%
	PH	B	-0.04%
	MA	B	-0.04%
	HON	D	-0.04%
	GSK	C	-0.04%
	NOC	B	-0.04%
	DIS	D	-0.04%
	SBUX	C	-0.04%
	AXP	B	-0.04%
	HCA	B	-0.04%
	AIG	D	-0.04%
	AMZN	C	-0.04%
	AAPL	D	-0.04%
	DELL	D	-0.04%
	HP	D	-0.03%
	EMR	D	-0.03%
	CLX	C	-0.03%
	MAIN	C	-0.03%
	TEL	D	-0.03%
	GP	D	-0.03%
	TME	F	-0.03%
	FTNT	C	-0.03%
	LII	B	-0.03%
	WB	F	-0.03%
	OPI	F	-0.03%
	JD	D	-0.03%
	MSI	C	-0.03%
	AWH	F	-0.03%
	JCI	B	-0.03%
	BKU	C	-0.03%
	CNO	B	-0.03%
	MDLZ	B	-0.03%
	TT	B	-0.03%
	MPC	D	-0.03%
	TMO	C	-0.03%
	VLO	D	-0.03%
	LVS	D	-0.03%
	MU	F	-0.03%
	EPD	A	-0.03%
	NVDA	D	-0.03%
	PFE	C	-0.03%
	GOOGL	D	-0.03%
	PYPL	B	-0.03%
	ARCC	C	-0.03%
	BIDU	F	-0.03%
	USB	B	-0.03%
	CSCO	B	-0.03%
	GE	B	-0.03%
	IBM	B	-0.03%
	WMT	B	-0.03%
	XOM	D	-0.03%
	C	D	-0.03%
	ABBV	C	-0.03%
	HSBC	B	-0.03%
	MS	D	-0.03%
	BAC	D	-0.03%
	TSLX	D	-0.02%
	TCPC	F	-0.02%
	VLY	C	-0.02%
	ADI	D	-0.02%
	APD	B	-0.02%
	SBRA	B	-0.02%
	OCSL	D	-0.02%
	EQH	C	-0.02%
	HTGC	C	-0.02%
	BCSF	B	-0.02%
	PSEC	C	-0.02%
	ADSK	B	-0.02%
	EL	F	-0.02%
	GBDC	C	-0.02%
	LLY	C	-0.02%
	GSBD	D	-0.02%
	BKH	B	-0.02%
	SLG	B	-0.02%
	WM	D	-0.02%
	MRVL	C	-0.02%
	INTU	D	-0.02%
	SHW	B	-0.02%
	AON	B	-0.02%
	KMB	D	-0.02%
	MCO	A	-0.02%
	EQIX	B	-0.02%
	TJX	C	-0.02%
	SRE	B	-0.02%
	MMM	B	-0.02%
	SITC	D	-0.02%
	ORLY	B	-0.02%
	EXPE	C	-0.02%
	BKNG	B	-0.02%
	D	C	-0.02%
	ABT	C	-0.02%
	SYK	C	-0.02%
	PM	C	-0.02%
	MET	A	-0.02%
	NXPI	D	-0.02%
	STZ	C	-0.02%
	CRM	D	-0.02%
	MO	C	-0.02%
	CAT	C	-0.02%
	CM	B	-0.02%
	QCOM	D	-0.02%
	DUK	C	-0.02%
	ICE	B	-0.02%
	UPS	D	-0.02%
	MMC	C	-0.02%
	SLB	F	-0.02%
	GD	B	-0.02%
	RTX	C	-0.02%
	VOD	B	-0.02%
	PG	C	-0.02%
	AVGO	C	-0.02%
	KDP	A	-0.02%
	PNC	B	-0.02%
	MAR	C	-0.02%
	EOG	D	-0.02%
	AER	C	-0.02%
	BNS	A	-0.02%
	DB	B	-0.02%
	PEP	C	-0.02%
	ZTS	B	-0.02%
	CB	B	-0.02%
	TFC	D	-0.02%
	LMT	C	-0.02%
	VZ	B	-0.02%
	BMY	C	-0.02%
	JNJ	B	-0.02%
	RY	B	-0.02%
	CI	C	-0.02%
	MUFG	D	-0.02%
	CVX	D	-0.02%
	NWG	B	-0.02%
	INTC	F	-0.02%
	WFC	D	-0.02%
	JPM	D	-0.02%
	NEM	B	-0.01%
	PDM	B	-0.01%
	CSX	D	-0.01%
	RSG	D	-0.01%
	ROP	C	-0.01%
	AEP	B	-0.01%
	CP	B	-0.01%
	DHR	B	-0.01%
	NKE	D	-0.01%
	WRK	C	-0.01%
	PSA	B	-0.01%
	OGS	B	-0.01%
	LRCX	F	-0.01%
	PAA	D	-0.01%
	MCK	F	-0.01%
	ADBE	D	-0.01%
	SCHW	D	-0.01%
	LOW	B	-0.01%
	HD	B	-0.01%
	PSX	D	-0.01%
	UNH	C	-0.01%
	AMGN	B	-0.01%
	BMO	C	-0.01%
	TD	A	-0.01%
	AMT	C	-0.01%
	COF	C	-0.01%
	AZN	D	-0.01%
	MCD	C	-0.01%
	GM	B	-0.01%
	CVS	D	-0.01%
	T	B	-0.01%
	CMCSA	D	-0.01%
	BA	F	-0.01%
	COST	C	-0.0%
	SCCO	D	-0.0%
	PCAR	D	-0.0%
	FLEX	C	-0.0%
	APH	D	-0.0%
	AZO	D	-0.0%
	BDN	B	-0.0%
	NSC	C	-0.0%
	TXN	C	-0.0%
	CL	C	-0.0%
	UNP	B	-0.0%
	LIN	B	-0.0%
	WELL	B	-0.0%
	BSX	B	-0.0%
	FSK	A	-0.0%
	MPLX	A	-0.0%
	DE	B	-0.0%
	SO	B	-0.0%
	NEE	B	-0.0%

IWS: Top Represented Industries & Keywords

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

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

SCHJ: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Asset Management Banks - Regional - US Banks - Global Drug Manufacturers - Major Credit Services Diversified Industrials Semiconductors REIT - Office Specialty Chemicals Business Services Utilities - Diversified Aerospace & Defense Capital Markets Diagnostics & Research Insurance - Life Oil & Gas E&P Packaged Foods REIT - Retail Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Natural Gas Bank Insurance Banking Electricity Dow Jones Component Real Estate Investment Trust Investment Bank Computing Electronics Financial Products Insurance Products Cash Management Aerospace Chemical Commercial Banking Semiconductor Disability