SCHV vs. IWR ETF Comparison

Comparison of Schwab U.S. Large-Cap Value ETF (SCHV) to iShares Russell Mid-Cap ETF (IWR)

SCHV

Schwab U.S. Large-Cap Value ETF

SCHV Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Value Total Stock Market IndexSM. The fund invests at least 90% of net assets in stocks that are included in the index. The index includes the large-cap value portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace. The Dow Jones U.S. Large-Cap Value Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as "value" based on a number of factors. The index is a float-adjusted market capitalization weighted index.

Grade (RS Rating)

Last Trade

$27.48

Average Daily Volume

814,319

Number of Holdings ^*

512

* may have additional holdings in another (foreign) market

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

$92.63

Average Daily Volume

1,322,037

Number of Holdings ^*

802

* may have additional holdings in another (foreign) market

Performance

Period	SCHV	IWR
30 Days	2.52%	5.13%
60 Days	6.29%	10.53%
90 Days	10.33%	13.29%
12 Months	33.24%	38.81%

381 Overlapping Holdings

	Symbol	Grade	Weight in SCHV	Weight in IWR	Overlap
	A	D	0.16%	0.33%	0.16%
	AA	B	0.05%	0.09%	0.05%
	AAL	C	0.04%	0.08%	0.04%
	ACGL	D	0.15%	0.3%	0.15%
	ACI	C	0.03%	0.07%	0.03%
	ACM	B	0.06%	0.12%	0.06%
	ADM	F	0.1%	0.23%	0.1%
	AEE	A	0.09%	0.2%	0.09%
	AES	F	0.04%	0.1%	0.04%
	AFG	B	0.04%	0.08%	0.04%
	AFL	D	0.22%	0.5%	0.22%
	AGCO	D	0.02%	0.05%	0.02%
	AGNC	D	0.03%	0.06%	0.03%
	AGR	C	0.01%	0.02%	0.01%
	AIZ	A	0.04%	0.09%	0.04%
	AJG	C	0.26%	0.52%	0.26%
	AKAM	F	0.06%	0.13%	0.06%
	ALB	C	0.05%	0.1%	0.05%
	ALL	B	0.2%	0.42%	0.2%
	ALLE	C	0.05%	0.1%	0.05%
	ALLY	C	0.04%	0.08%	0.04%
	AMCR	D	0.06%	0.14%	0.06%
	AME	A	0.18%	0.36%	0.18%
	AMH	D	0.05%	0.1%	0.05%
	AMP	B	0.23%	0.44%	0.23%
	AOS	F	0.04%	0.08%	0.04%
	APA	F	0.04%	0.07%	0.04%
	APG	B	0.04%	0.07%	0.04%
	APTV	F	0.06%	0.13%	0.06%
	AR	C	0.03%	0.06%	0.03%
	ARE	D	0.07%	0.16%	0.07%
	ARES	B	0.13%	0.26%	0.13%
	ARMK	B	0.04%	0.08%	0.04%
	ARW	F	0.03%	0.05%	0.03%
	ATO	A	0.09%	0.18%	0.09%
	ATR	B	0.05%	0.09%	0.05%
	AVB	A	0.13%	0.27%	0.13%
	AVY	F	0.07%	0.14%	0.07%
	AWK	D	0.11%	0.23%	0.11%
	AXTA	A	0.04%	0.07%	0.04%
	AYI	A	0.04%	0.08%	0.04%
	BAH	B	0.09%	0.2%	0.09%
	BALL	F	0.07%	0.16%	0.07%
	BAX	F	0.07%	0.16%	0.07%
	BBWI	D	0.03%	0.05%	0.03%
	BBY	D	0.07%	0.17%	0.07%
	BEN	C	0.03%	0.05%	0.03%
	BERY	C	0.03%	0.07%	0.03%
	BG	F	0.05%	0.1%	0.05%
	BIIB	F	0.1%	0.22%	0.1%
	BJ	B	0.05%	0.1%	0.05%
	BK	B	0.23%	0.48%	0.23%
	BOKF	B	0.01%	0.02%	0.01%
	BR	A	0.1%	0.21%	0.1%
	BRKR	F	0.03%	0.05%	0.03%
	BRO	B	0.11%	0.21%	0.11%
	BSY	F	0.03%	0.06%	0.03%
	BURL	C	0.06%	0.13%	0.06%
	BWA	D	0.03%	0.07%	0.03%
	BXP	B	0.05%	0.11%	0.05%
	CAG	F	0.06%	0.12%	0.06%
	CAH	B	0.11%	0.23%	0.11%
	CBOE	D	0.09%	0.19%	0.09%
	CBRE	A	0.16%	0.34%	0.16%
	CBSH	A	0.03%	0.06%	0.03%
	CCI	D	0.18%	0.4%	0.18%
	CCK	C	0.05%	0.09%	0.05%
	CCL	B	0.1%	0.19%	0.1%
	CDW	F	0.11%	0.22%	0.11%
	CE	F	0.04%	0.12%	0.04%
	CF	B	0.06%	0.13%	0.06%
	CFG	B	0.09%	0.16%	0.09%
	CFR	B	0.04%	0.06%	0.04%
	CG	B	0.05%	0.09%	0.05%
	CGNX	C	0.03%	0.06%	0.03%
	CHD	C	0.1%	0.21%	0.1%
	CHRD	F	0.03%	0.07%	0.03%
	CHRW	B	0.05%	0.1%	0.05%
	CIEN	A	0.04%	0.08%	0.04%
	CINF	B	0.09%	0.18%	0.09%
	CLX	B	0.08%	0.17%	0.08%
	CMA	B	0.04%	0.07%	0.04%
	CMI	B	0.2%	0.38%	0.2%
	CMS	D	0.08%	0.18%	0.08%
	CNA	D	0.0%	0.01%	0.0%
	CNC	F	0.13%	0.28%	0.13%
	CNH	D	0.04%	0.08%	0.04%
	CNP	B	0.08%	0.16%	0.08%
	COLD	F	0.03%	0.06%	0.03%
	COR	B	0.17%	0.32%	0.17%
	COTY	F	0.01%	0.02%	0.01%
	CPB	D	0.04%	0.08%	0.04%
	CPT	C	0.05%	0.1%	0.05%
	CTRA	C	0.07%	0.15%	0.07%
	CTSH	B	0.16%	0.32%	0.16%
	CUBE	D	0.04%	0.09%	0.04%
	CW	A	0.06%	0.11%	0.06%
	CZR	D	0.04%	0.07%	0.04%
	DAL	B	0.16%	0.32%	0.16%
	DAR	C	0.03%	0.05%	0.03%
	DCI	A	0.04%	0.08%	0.04%
	DD	D	0.14%	0.3%	0.14%
	DFS	B	0.19%	0.32%	0.19%
	DG	F	0.07%	0.15%	0.07%
	DGX	B	0.07%	0.15%	0.07%
	DHI	D	0.2%	0.43%	0.2%
	DINO	F	0.03%	0.05%	0.03%
	DKS	D	0.05%	0.09%	0.05%
	DLR	B	0.22%	0.49%	0.22%
	DLTR	F	0.05%	0.11%	0.05%
	DOC	B	0.06%	0.13%	0.06%
	DOV	B	0.11%	0.22%	0.11%
	DOW	F	0.14%	0.3%	0.14%
	DRI	B	0.08%	0.16%	0.08%
	DTE	D	0.1%	0.22%	0.1%
	DVA	D	0.03%	0.06%	0.03%
	DVN	F	0.1%	0.21%	0.1%
	EA	B	0.15%	0.35%	0.15%
	EBAY	D	0.12%	0.25%	0.12%
	ED	D	0.14%	0.3%	0.14%
	EGP	D	0.03%	0.07%	0.03%
	EHC	B	0.04%	0.08%	0.04%
	EIX	D	0.13%	0.27%	0.13%
	ELAN	D	0.03%	0.05%	0.03%
	ELS	C	0.05%	0.11%	0.05%
	EMN	D	0.05%	0.1%	0.05%
	ENTG	F	0.06%	0.13%	0.06%
	EQH	B	0.07%	0.12%	0.07%
	EQR	D	0.1%	0.23%	0.1%
	EQT	B	0.1%	0.18%	0.1%
	ES	D	0.09%	0.2%	0.09%
	ESS	C	0.08%	0.15%	0.08%
	ETR	B	0.13%	0.28%	0.13%
	EVRG	B	0.06%	0.12%	0.06%
	EWBC	B	0.06%	0.12%	0.06%
	EXC	D	0.16%	0.34%	0.16%
	EXPD	D	0.07%	0.14%	0.07%
	EXPE	B	0.09%	0.17%	0.09%
	EXR	D	0.14%	0.29%	0.14%
	FANG	D	0.14%	0.29%	0.14%
	FAST	B	0.19%	0.38%	0.19%
	FBIN	D	0.04%	0.09%	0.04%
	FE	D	0.09%	0.21%	0.09%
	FFIV	B	0.06%	0.12%	0.06%
	FHN	B	0.04%	0.08%	0.04%
	FIS	C	0.19%	0.43%	0.19%
	FITB	B	0.13%	0.25%	0.13%
	FMC	D	0.03%	0.07%	0.03%
	FNF	C	0.06%	0.13%	0.06%
	FOXA	B	0.06%	0.08%	0.06%
	FRT	C	0.03%	0.08%	0.03%
	FTV	F	0.11%	0.21%	0.11%
	G	B	0.03%	0.06%	0.03%
	GEHC	D	0.16%	0.33%	0.16%
	GEN	B	0.06%	0.14%	0.06%
	GGG	C	0.06%	0.12%	0.06%
	GIS	F	0.15%	0.32%	0.15%
	GL	C	0.04%	0.08%	0.04%
	GLPI	D	0.05%	0.11%	0.05%
	GLW	B	0.15%	0.31%	0.15%
	GME	C	0.04%	0.07%	0.04%
	GNTX	D	0.03%	0.06%	0.03%
	GPC	F	0.07%	0.14%	0.07%
	GPN	C	0.12%	0.23%	0.12%
	GRMN	B	0.13%	0.26%	0.13%
	GWRE	B	0.06%	0.13%	0.06%
	HAL	D	0.11%	0.21%	0.11%
	HAS	D	0.03%	0.08%	0.03%
	HBAN	B	0.1%	0.19%	0.1%
	HIG	C	0.14%	0.28%	0.14%
	HII	F	0.03%	0.06%	0.03%
	HOLX	D	0.08%	0.16%	0.08%
	HPE	B	0.11%	0.22%	0.11%
	HPQ	B	0.15%	0.3%	0.15%
	HRL	F	0.04%	0.08%	0.04%
	HSIC	F	0.04%	0.08%	0.04%
	HST	C	0.05%	0.1%	0.05%
	HSY	F	0.11%	0.22%	0.11%
	HUBB	B	0.1%	0.2%	0.1%
	HWM	B	0.19%	0.35%	0.19%
	IEX	B	0.07%	0.14%	0.07%
	IFF	F	0.09%	0.22%	0.09%
	INCY	A	0.05%	0.1%	0.05%
	INVH	D	0.08%	0.16%	0.08%
	IP	B	0.08%	0.16%	0.08%
	IPG	F	0.05%	0.09%	0.05%
	IR	B	0.17%	0.33%	0.17%
	IRM	C	0.14%	0.31%	0.14%
	ITT	A	0.05%	0.1%	0.05%
	IVZ	B	0.03%	0.05%	0.03%
	J	C	0.07%	0.15%	0.07%
	JAZZ	B	0.03%	0.06%	0.03%
	JBL	C	0.06%	0.12%	0.06%
	JEF	B	0.05%	0.1%	0.05%
	JKHY	C	0.05%	0.11%	0.05%
	JLL	C	0.05%	0.11%	0.05%
	JNPR	C	0.05%	0.11%	0.05%
	K	A	0.09%	0.18%	0.09%
	KBR	A	0.04%	0.08%	0.04%
	KEY	B	0.08%	0.14%	0.08%
	KEYS	A	0.11%	0.22%	0.11%
	KIM	A	0.07%	0.13%	0.07%
	KMI	A	0.21%	0.41%	0.21%
	KMX	F	0.05%	0.1%	0.05%
	KNX	B	0.04%	0.07%	0.04%
	KR	A	0.16%	0.32%	0.16%
	KVUE	A	0.17%	0.38%	0.17%
	L	A	0.06%	0.12%	0.06%
	LAD	B	0.04%	0.08%	0.04%
	LAMR	C	0.05%	0.1%	0.05%
	LCID	F	0.01%	0.02%	0.01%
	LDOS	A	0.11%	0.21%	0.11%
	LEA	F	0.02%	0.05%	0.02%
	LECO	C	0.05%	0.09%	0.05%
	LEN	D	0.17%	0.02%	0.02%
	LEN	D	0.17%	0.35%	0.17%
	LH	A	0.08%	0.16%	0.08%
	LHX	A	0.2%	0.4%	0.2%
	LKQ	F	0.04%	0.08%	0.04%
	LNT	D	0.06%	0.13%	0.06%
	LNW	C	0.04%	0.07%	0.04%
	LSCC	C	0.03%	0.06%	0.03%
	LUV	B	0.08%	0.16%	0.08%
	LVS	C	0.07%	0.16%	0.07%
	LW	C	0.05%	0.1%	0.05%
	LYB	F	0.09%	0.19%	0.09%
	MAA	C	0.07%	0.15%	0.07%
	MANH	C	0.07%	0.14%	0.07%
	MAS	D	0.07%	0.15%	0.07%
	MASI	B	0.03%	0.05%	0.03%
	MCHP	F	0.16%	0.33%	0.16%
	MGM	F	0.04%	0.07%	0.04%
	MHK	D	0.03%	0.06%	0.03%
	MIDD	C	0.03%	0.06%	0.03%
	MKC	D	0.08%	0.17%	0.08%
	MKTX	C	0.04%	0.09%	0.04%
	MORN	A	0.04%	0.08%	0.04%
	MOS	C	0.04%	0.07%	0.04%
	MRO	B	0.07%	0.13%	0.07%
	MTB	B	0.15%	0.28%	0.15%
	MTCH	F	0.04%	0.08%	0.04%
	MTN	D	0.03%	0.05%	0.03%
	NCLH	B	0.05%	0.09%	0.05%
	NDAQ	B	0.13%	0.26%	0.13%
	NDSN	C	0.06%	0.12%	0.06%
	NI	A	0.06%	0.14%	0.06%
	NNN	D	0.03%	0.07%	0.03%
	NRG	B	0.08%	0.16%	0.08%
	NTAP	C	0.1%	0.2%	0.1%
	NTNX	B	0.07%	0.13%	0.07%
	NTRS	B	0.09%	0.17%	0.09%
	NUE	C	0.16%	0.29%	0.16%
	NVT	B	0.05%	0.11%	0.05%
	NWSA	B	0.06%	0.09%	0.06%
	O	D	0.2%	0.44%	0.2%
	OC	B	0.06%	0.13%	0.06%
	OGE	A	0.03%	0.07%	0.03%
	OHI	B	0.04%	0.09%	0.04%
	OKE	A	0.24%	0.48%	0.24%
	OMC	B	0.08%	0.17%	0.08%
	ON	D	0.13%	0.26%	0.13%
	ONTO	F	0.04%	0.08%	0.04%
	ORI	B	0.04%	0.07%	0.04%
	OTIS	B	0.16%	0.34%	0.16%
	OVV	D	0.05%	0.09%	0.05%
	PAG	C	0.01%	0.02%	0.01%
	PARA	C	0.03%	0.06%	0.03%
	PAYX	A	0.19%	0.38%	0.19%
	PCG	B	0.18%	0.37%	0.18%
	PEG	D	0.17%	0.38%	0.17%
	PFG	C	0.07%	0.16%	0.07%
	PHM	D	0.11%	0.23%	0.11%
	PKG	B	0.09%	0.17%	0.09%
	PNR	B	0.07%	0.14%	0.07%
	PNW	B	0.04%	0.09%	0.04%
	POST	D	0.02%	0.05%	0.02%
	PPC	B	0.01%	0.02%	0.01%
	PPG	F	0.12%	0.25%	0.12%
	PPL	B	0.1%	0.21%	0.1%
	PR	C	0.04%	0.08%	0.04%
	PRU	C	0.18%	0.38%	0.18%
	PWR	A	0.19%	0.37%	0.19%
	RCL	B	0.22%	0.42%	0.22%
	REG	B	0.05%	0.11%	0.05%
	REXR	F	0.04%	0.08%	0.04%
	REYN	F	0.01%	0.01%	0.01%
	RF	B	0.1%	0.19%	0.1%
	RGA	B	0.06%	0.12%	0.06%
	RGLD	B	0.04%	0.08%	0.04%
	RHI	B	0.03%	0.06%	0.03%
	RJF	B	0.12%	0.24%	0.12%
	ROK	B	0.14%	0.26%	0.14%
	ROL	C	0.06%	0.11%	0.06%
	ROST	D	0.19%	0.39%	0.19%
	RPM	B	0.07%	0.14%	0.07%
	RPRX	F	0.04%	0.09%	0.04%
	RRX	B	0.05%	0.09%	0.05%
	RS	B	0.07%	0.14%	0.07%
	SCI	A	0.05%	0.1%	0.05%
	SEIC	B	0.03%	0.06%	0.03%
	SIRI	D	0.02%	0.06%	0.02%
	SJM	D	0.05%	0.1%	0.05%
	SNA	A	0.08%	0.15%	0.08%
	SNX	B	0.04%	0.07%	0.04%
	SOFI	A	0.05%	0.1%	0.05%
	SOLV	C	0.04%	0.09%	0.04%
	SPG	A	0.22%	0.47%	0.22%
	SSNC	C	0.06%	0.13%	0.06%
	ST	F	0.02%	0.04%	0.02%
	STE	F	0.09%	0.19%	0.09%
	STLD	B	0.09%	0.17%	0.09%
	STT	B	0.12%	0.24%	0.12%
	STWD	D	0.03%	0.05%	0.03%
	SUI	F	0.06%	0.14%	0.06%
	SW	B	0.11%	0.23%	0.11%
	SWK	F	0.06%	0.12%	0.06%
	SWKS	F	0.06%	0.12%	0.06%
	SYF	B	0.11%	0.19%	0.11%
	SYY	C	0.15%	0.32%	0.15%
	TAP	B	0.04%	0.08%	0.04%
	TECH	B	0.05%	0.1%	0.05%
	TER	F	0.07%	0.14%	0.07%
	TFX	F	0.04%	0.08%	0.04%
	THC	B	0.06%	0.13%	0.06%
	TOL	B	0.06%	0.13%	0.06%
	TPR	A	0.05%	0.09%	0.05%
	TPX	C	0.04%	0.07%	0.04%
	TRMB	A	0.07%	0.13%	0.07%
	TROW	B	0.11%	0.21%	0.11%
	TRU	C	0.08%	0.17%	0.08%
	TSCO	C	0.13%	0.25%	0.13%
	TSN	D	0.07%	0.14%	0.07%
	TTC	D	0.04%	0.07%	0.04%
	TTEK	C	0.05%	0.11%	0.05%
	TXT	D	0.07%	0.13%	0.07%
	UAL	A	0.12%	0.22%	0.12%
	UDR	C	0.05%	0.12%	0.05%
	UHAL	B	0.03%	0.0%	0.0%
	UHAL	B	0.03%	0.06%	0.03%
	UHS	D	0.05%	0.1%	0.05%
	UI	B	0.0%	0.01%	0.0%
	UNM	B	0.05%	0.09%	0.05%
	USFD	B	0.07%	0.12%	0.07%
	UTHR	B	0.07%	0.14%	0.07%
	VFC	B	0.03%	0.06%	0.03%
	VICI	D	0.13%	0.28%	0.13%
	VLTO	D	0.1%	0.22%	0.1%
	VOYA	B	0.03%	0.07%	0.03%
	VRSK	A	0.16%	0.33%	0.16%
	VRSN	D	0.06%	0.13%	0.06%
	VST	B	0.18%	0.37%	0.18%
	VTR	B	0.11%	0.23%	0.11%
	VTRS	B	0.06%	0.12%	0.06%
	WAB	A	0.14%	0.28%	0.14%
	WAL	B	0.04%	0.08%	0.04%
	WBA	F	0.03%	0.06%	0.03%
	WBS	B	0.04%	0.08%	0.04%
	WCC	B	0.04%	0.07%	0.04%
	WDC	C	0.09%	0.18%	0.09%
	WEC	B	0.12%	0.26%	0.12%
	WEX	F	0.03%	0.06%	0.03%
	WH	A	0.03%	0.06%	0.03%
	WLK	F	0.02%	0.04%	0.02%
	WMB	B	0.27%	0.54%	0.27%
	WPC	D	0.05%	0.1%	0.05%
	WRB	B	0.07%	0.14%	0.07%
	WSM	F	0.07%	0.15%	0.07%
	WSO	B	0.07%	0.14%	0.07%
	WTRG	B	0.04%	0.08%	0.04%
	WTW	B	0.13%	0.26%	0.13%
	WWD	B	0.04%	0.08%	0.04%
	WY	D	0.09%	0.19%	0.09%
	WYNN	D	0.03%	0.08%	0.03%
	XEL	B	0.15%	0.32%	0.15%
	XPO	B	0.07%	0.13%	0.07%
	XYL	F	0.12%	0.25%	0.12%
	YUM	C	0.15%	0.32%	0.15%
	Z	B	0.05%	0.08%	0.05%
	ZBH	C	0.09%	0.19%	0.09%
	ZBRA	B	0.08%	0.17%	0.08%
	ZION	B	0.04%	0.06%	0.04%

SCHV Overweight 133 Positions Relative to IWR

	Symbol	Grade	Weight
	BRK.A	C	3.48%
	JPM	B	2.85%
	XOM	B	2.18%
	HD	B	1.56%
	PG	D	1.54%
	JNJ	D	1.54%
	WMT	A	1.47%
	ABBV	B	1.44%
	BAC	B	1.24%
	ORCL	A	1.18%
	CVX	B	1.09%
	MRK	F	1.04%
	WFC	B	1.0%
	KO	D	1.0%
	CSCO	A	0.95%
	PEP	F	0.92%
	MCD	D	0.86%
	CAT	B	0.82%
	ABT	B	0.82%
	TXN	A	0.8%
	IBM	D	0.8%
	PM	C	0.79%
	QCOM	C	0.78%
	GS	B	0.76%
	DIS	C	0.73%
	CMCSA	B	0.71%
	AMGN	C	0.7%
	VZ	D	0.7%
	AXP	B	0.67%
	RTX	C	0.66%
	MS	B	0.66%
	T	B	0.65%
	PFE	F	0.63%
	AMAT	D	0.63%
	NEE	D	0.62%
	LOW	B	0.61%
	UNP	D	0.61%
	ETN	A	0.58%
	HON	B	0.57%
	COP	C	0.54%
	TJX	C	0.53%
	C	B	0.53%
	BX	A	0.52%
	BSX	A	0.52%
	ADP	A	0.51%
	SYK	A	0.51%
	MU	C	0.5%
	LMT	D	0.48%
	MDT	C	0.47%
	ADI	D	0.46%
	SCHW	B	0.46%
	GILD	B	0.46%
	MMC	C	0.45%
	BMY	C	0.45%
	BA	F	0.44%
	SBUX	B	0.44%
	CB	D	0.43%
	PLD	F	0.43%
	INTC	C	0.43%
	KKR	B	0.42%
	DE	C	0.42%
	UPS	D	0.4%
	SO	D	0.39%
	MO	B	0.38%
	NKE	F	0.37%
	AMT	F	0.37%
	DUK	D	0.36%
	CI	F	0.36%
	TT	A	0.36%
	MDLZ	F	0.36%
	ICE	D	0.36%
	APH	B	0.35%
	AON	B	0.34%
	PYPL	A	0.34%
	PNC	A	0.33%
	MSI	A	0.32%
	GD	B	0.32%
	CME	B	0.32%
	WM	B	0.32%
	USB	B	0.32%
	WELL	B	0.31%
	CVS	F	0.31%
	COF	B	0.3%
	MMM	C	0.3%
	CL	F	0.3%
	CTAS	A	0.3%
	ITW	B	0.3%
	CSX	B	0.29%
	NOC	C	0.29%
	EOG	B	0.29%
	EMR	B	0.29%
	TGT	F	0.28%
	APD	B	0.28%
	BDX	F	0.28%
	FCX	C	0.27%
	TFC	B	0.26%
	FDX	B	0.26%
	CARR	D	0.26%
	HCA	D	0.26%
	PCAR	B	0.25%
	GM	B	0.25%
	ECL	D	0.25%
	SLB	D	0.25%
	NSC	B	0.25%
	NXPI	D	0.24%
	SRE	A	0.23%
	TRV	B	0.23%
	PSX	F	0.22%
	JCI	A	0.22%
	NEM	D	0.21%
	AEP	D	0.21%
	PSA	D	0.21%
	MPC	F	0.21%
	MET	C	0.2%
	AIG	C	0.2%
	D	C	0.19%
	F	D	0.18%
	KMB	D	0.18%
	VLO	D	0.18%
	RSG	B	0.17%
	MNST	B	0.16%
	KDP	F	0.15%
	OXY	F	0.14%
	KHC	F	0.12%
	STX	D	0.09%
	RBA	B	0.07%
	EL	F	0.06%
	FLEX	A	0.06%
	SNAP	C	0.05%
	ERIE	D	0.04%
	ALV	C	0.03%
	CRBG	C	0.03%
	ADTN	B	0.01%

SCHV Underweight 421 Positions Relative to IWR

	Symbol	Grade	Weight
	PLTR	A	-0.71%
	HLT	A	-0.49%
	URI	B	-0.46%
	TTD	B	-0.45%
	GWW	A	-0.41%
	FICO	B	-0.4%
	MSCI	B	-0.38%
	LNG	A	-0.38%
	APP	B	-0.38%
	CTVA	C	-0.36%
	ODFL	B	-0.34%
	FERG	B	-0.34%
	SQ	C	-0.34%
	BKR	B	-0.33%
	MSTR	B	-0.33%
	VRT	A	-0.33%
	IQV	F	-0.32%
	DDOG	C	-0.32%
	HES	C	-0.32%
	IT	B	-0.32%
	MPWR	F	-0.31%
	VMC	B	-0.31%
	MLM	B	-0.31%
	TRGP	A	-0.31%
	RMD	B	-0.3%
	COIN	B	-0.3%
	IDXX	F	-0.29%
	ALNY	B	-0.29%
	EFX	D	-0.28%
	HUM	F	-0.27%
	AXON	B	-0.26%
	CHTR	B	-0.26%
	VEEV	B	-0.26%
	CSGP	D	-0.25%
	CPNG	C	-0.25%
	TTWO	B	-0.24%
	ANSS	B	-0.24%
	DXCM	D	-0.24%
	RBLX	B	-0.23%
	CVNA	B	-0.23%
	HUBS	B	-0.23%
	MTD	F	-0.23%
	TYL	B	-0.22%
	NET	C	-0.22%
	NVR	D	-0.22%
	DECK	B	-0.21%
	SBAC	D	-0.21%
	ILMN	B	-0.2%
	FCNCA	B	-0.2%
	GDDY	A	-0.2%
	TPL	B	-0.19%
	PTC	B	-0.19%
	WST	C	-0.19%
	CPAY	B	-0.19%
	BLDR	D	-0.18%
	EME	B	-0.18%
	FSLR	F	-0.18%
	LPLA	A	-0.18%
	TDY	A	-0.18%
	CSL	C	-0.17%
	ZM	A	-0.17%
	WBD	C	-0.17%
	MKL	B	-0.17%
	COO	D	-0.17%
	LYV	B	-0.16%
	MOH	F	-0.16%
	WAT	B	-0.16%
	MDB	C	-0.16%
	PINS	D	-0.16%
	EXE	B	-0.16%
	LII	A	-0.16%
	FDS	B	-0.15%
	ULTA	C	-0.15%
	DT	C	-0.14%
	DKNG	C	-0.14%
	PODD	B	-0.14%
	IBKR	B	-0.14%
	FWONK	B	-0.14%
	ZS	C	-0.14%
	CASY	B	-0.13%
	TW	B	-0.13%
	JBHT	B	-0.13%
	AVTR	F	-0.13%
	ALGN	F	-0.13%
	EG	D	-0.13%
	PSTG	C	-0.13%
	HOOD	A	-0.13%
	HEI	C	-0.13%
	POOL	B	-0.12%
	RNR	B	-0.12%
	FIX	A	-0.12%
	NTRA	A	-0.12%
	TWLO	A	-0.12%
	DOCU	A	-0.12%
	DPZ	C	-0.12%
	SMCI	F	-0.12%
	RVTY	B	-0.12%
	PFGC	B	-0.11%
	BMRN	F	-0.11%
	EXAS	F	-0.11%
	TXRH	B	-0.11%
	SAIA	C	-0.11%
	TOST	B	-0.11%
	BWXT	B	-0.1%
	BLD	F	-0.1%
	OWL	B	-0.1%
	SRPT	F	-0.1%
	FTI	B	-0.1%
	OKTA	D	-0.1%
	CLH	B	-0.1%
	NBIX	C	-0.1%
	CACI	B	-0.1%
	COHR	B	-0.1%
	DOX	A	-0.09%
	CAVA	A	-0.09%
	AFRM	B	-0.09%
	SF	B	-0.09%
	EPAM	C	-0.09%
	WMS	D	-0.09%
	CTLT	D	-0.09%
	PAYC	B	-0.09%
	DAY	A	-0.09%
	DUOL	B	-0.09%
	FND	F	-0.09%
	HEI	C	-0.09%
	ENPH	F	-0.09%
	FYBR	C	-0.08%
	GLOB	B	-0.08%
	LBRDK	B	-0.08%
	NYT	B	-0.08%
	HLI	B	-0.08%
	MUSA	C	-0.08%
	CRL	D	-0.08%
	TKO	D	-0.08%
	ALSN	A	-0.08%
	KNSL	D	-0.08%
	EVR	B	-0.08%
	EXP	B	-0.08%
	NLY	C	-0.08%
	PRI	A	-0.08%
	EXEL	B	-0.08%
	GNRC	A	-0.08%
	CHDN	B	-0.08%
	SSD	C	-0.07%
	VKTX	C	-0.07%
	CART	B	-0.07%
	TREX	C	-0.07%
	MTZ	A	-0.07%
	CR	A	-0.07%
	BFAM	F	-0.07%
	AAON	B	-0.07%
	RL	B	-0.07%
	RBC	A	-0.07%
	MEDP	D	-0.07%
	CHE	F	-0.07%
	PNFP	B	-0.07%
	ROKU	C	-0.07%
	SKX	F	-0.07%
	BRX	A	-0.07%
	PCTY	B	-0.07%
	GMED	B	-0.07%
	HRB	D	-0.07%
	RIVN	F	-0.07%
	GPK	C	-0.07%
	OLED	F	-0.07%
	WING	F	-0.07%
	PEN	C	-0.07%
	CNM	D	-0.07%
	BRBR	A	-0.07%
	X	C	-0.07%
	ITCI	A	-0.07%
	DTM	A	-0.07%
	INGR	B	-0.07%
	MTG	D	-0.06%
	CFLT	C	-0.06%
	ATI	D	-0.06%
	RLI	A	-0.06%
	ESTC	C	-0.06%
	HR	D	-0.06%
	PB	B	-0.06%
	OSK	B	-0.06%
	MKSI	D	-0.06%
	KEX	C	-0.06%
	STAG	D	-0.06%
	QRVO	F	-0.06%
	COKE	D	-0.06%
	RYAN	B	-0.06%
	PLNT	B	-0.06%
	FCN	F	-0.06%
	MAT	C	-0.06%
	FLS	A	-0.06%
	PCOR	C	-0.06%
	BIO	B	-0.06%
	ESAB	B	-0.06%
	FR	D	-0.06%
	GXO	C	-0.06%
	S	B	-0.06%
	RRC	C	-0.06%
	SNV	B	-0.06%
	VNO	A	-0.06%
	ADC	B	-0.06%
	SAIC	B	-0.06%
	RGEN	F	-0.06%
	WTFC	B	-0.06%
	SMAR	B	-0.06%
	VNOM	B	-0.05%
	THG	A	-0.05%
	CELH	F	-0.05%
	THO	C	-0.05%
	JHG	A	-0.05%
	LNC	B	-0.05%
	TKR	F	-0.05%
	BC	C	-0.05%
	RITM	D	-0.05%
	NXST	C	-0.05%
	WHR	B	-0.05%
	PVH	C	-0.05%
	PATH	D	-0.05%
	NFG	C	-0.05%
	OLLI	C	-0.05%
	OMF	A	-0.05%
	FOUR	B	-0.05%
	SRCL	A	-0.05%
	TPG	B	-0.05%
	ELF	D	-0.05%
	INSP	D	-0.05%
	VNT	B	-0.05%
	WFRD	F	-0.05%
	LAZ	B	-0.05%
	MDU	F	-0.05%
	CRUS	F	-0.05%
	COLB	B	-0.05%
	CLF	D	-0.05%
	LFUS	C	-0.05%
	ETSY	D	-0.05%
	ALK	B	-0.05%
	BILL	B	-0.05%
	U	D	-0.05%
	IONS	F	-0.05%
	ESI	B	-0.05%
	NOV	D	-0.05%
	AXS	A	-0.05%
	AWI	A	-0.05%
	AMG	C	-0.05%
	MSA	D	-0.05%
	MTDR	C	-0.05%
	SN	C	-0.05%
	FRPT	B	-0.05%
	WSC	C	-0.05%
	VMI	B	-0.05%
	SITE	C	-0.05%
	R	A	-0.05%
	DBX	C	-0.05%
	LSTR	C	-0.05%
	AZPN	B	-0.05%
	MTSI	B	-0.05%
	AZEK	B	-0.05%
	LPX	B	-0.05%
	GTLB	C	-0.05%
	BPOP	D	-0.05%
	H	C	-0.05%
	FAF	D	-0.05%
	CROX	F	-0.05%
	MSGS	B	-0.04%
	FLO	F	-0.04%
	GAP	C	-0.04%
	ASH	F	-0.04%
	M	C	-0.04%
	SLGN	B	-0.04%
	DLB	C	-0.04%
	EEFT	C	-0.04%
	LITE	B	-0.04%
	AGO	B	-0.04%
	WTM	B	-0.04%
	LINE	F	-0.04%
	RARE	D	-0.04%
	RYN	D	-0.04%
	OZK	B	-0.04%
	CUZ	B	-0.04%
	AL	B	-0.04%
	XRAY	F	-0.04%
	LYFT	C	-0.04%
	BYD	A	-0.04%
	CCCS	B	-0.04%
	APPF	D	-0.04%
	KRC	B	-0.04%
	RH	B	-0.04%
	HXL	D	-0.04%
	SLM	B	-0.04%
	HCP	A	-0.04%
	SEE	C	-0.04%
	OGN	F	-0.04%
	OLN	F	-0.04%
	AM	B	-0.04%
	AVT	B	-0.04%
	CIVI	D	-0.04%
	ROIV	C	-0.04%
	PSN	B	-0.04%
	UGI	D	-0.04%
	SON	F	-0.04%
	DOCS	B	-0.04%
	FOX	B	-0.04%
	VVV	B	-0.04%
	FNB	B	-0.04%
	FIVE	F	-0.04%
	KD	B	-0.04%
	IDA	A	-0.04%
	BHF	B	-0.03%
	MAN	F	-0.03%
	RNG	B	-0.03%
	YETI	F	-0.03%
	PENN	C	-0.03%
	AMED	C	-0.03%
	NCNO	B	-0.03%
	TDC	D	-0.03%
	FHB	B	-0.03%
	TNL	A	-0.03%
	LBTYA	D	-0.03%
	WEN	C	-0.03%
	NWS	B	-0.03%
	LBTYK	D	-0.03%
	EPR	D	-0.03%
	IRDM	C	-0.03%
	ZI	C	-0.03%
	PRGO	D	-0.03%
	DXC	C	-0.03%
	HIW	B	-0.03%
	PEGA	A	-0.03%
	NEU	D	-0.03%
	PII	F	-0.03%
	IAC	C	-0.03%
	GFS	C	-0.03%
	DNB	B	-0.03%
	NVST	C	-0.03%
	BROS	B	-0.03%
	HUN	F	-0.03%
	MSM	C	-0.03%
	NWL	B	-0.03%
	SMG	D	-0.03%
	AMTM	C	-0.03%
	SPR	F	-0.03%
	KMPR	A	-0.03%
	HOG	F	-0.03%
	CHH	B	-0.03%
	ACHC	F	-0.03%
	AN	D	-0.03%
	GTES	B	-0.03%
	LOPE	A	-0.03%
	W	F	-0.03%
	INFA	D	-0.02%
	BIRK	F	-0.02%
	VSTS	F	-0.02%
	QS	F	-0.02%
	CRI	F	-0.02%
	CNXC	F	-0.02%
	QDEL	C	-0.02%
	DJT	D	-0.02%
	KSS	F	-0.02%
	ADT	B	-0.02%
	PINC	B	-0.02%
	AAP	F	-0.02%
	FIVN	D	-0.02%
	AZTA	F	-0.02%
	IPGP	C	-0.02%
	RCM	B	-0.02%
	CPRI	F	-0.02%
	RKT	D	-0.02%
	ENOV	C	-0.02%
	HAYW	C	-0.02%
	JWN	C	-0.02%
	CWEN	D	-0.02%
	HHH	B	-0.02%
	SHC	C	-0.02%
	MP	B	-0.02%
	SPB	C	-0.02%
	DV	D	-0.02%
	VIRT	A	-0.02%
	ALGM	F	-0.02%
	SAM	C	-0.02%
	CACC	F	-0.02%
	CXT	D	-0.02%
	WU	F	-0.02%
	CLVT	F	-0.02%
	LLYVK	B	-0.02%
	VAC	B	-0.02%
	COLM	C	-0.02%
	CC	C	-0.02%
	ZG	B	-0.02%
	MPW	D	-0.02%
	APLS	F	-0.02%
	PK	C	-0.02%
	AMKR	F	-0.02%
	NSA	D	-0.02%
	UWMC	F	-0.01%
	TFSL	B	-0.01%
	SEB	F	-0.01%
	LOAR	B	-0.01%
	CWEN	D	-0.01%
	AS	B	-0.01%
	PYCR	C	-0.01%
	DDS	C	-0.01%
	LLYVA	B	-0.01%
	CERT	D	-0.01%
	SNDR	A	-0.01%
	GO	D	-0.01%
	LBRDA	B	-0.01%
	CAR	D	-0.01%
	FTRE	D	-0.01%
	UA	C	-0.01%
	ALAB	A	-0.01%
	LEG	F	-0.01%
	UAA	C	-0.01%
	WOLF	F	-0.01%
	TXG	F	-0.01%
	TRIP	D	-0.01%
	FWONA	B	-0.01%
	PARAA	C	-0.0%
	SEG	D	-0.0%
	GRAL	C	-0.0%
	NFE	F	-0.0%
	PLTK	B	-0.0%

SCHV: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Banks - Regional - US Business Services Asset Management Oil & Gas E&P Packaged Foods REIT - Residential Packaging & Containers Semiconductors Aerospace & Defense Communication Equipment Drug Manufacturers - Major Household & Personal Products Insurance - Property & Casualty Specialty Chemicals Specialty Retail Engineering & Construction Insurance - Diversified REIT - Industrial

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

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