SMMD vs. IWS ETF Comparison

Comparison of iShares Russell 2500 ETF (SMMD) to iShares Russell Mid-cap Value ETF (IWS)

SMMD

iShares Russell 2500 ETF

SMMD Description

The investment seeks to track the investment results of the Russell 2500TM Index. The fund generally will invest at least 90% of its assets in the component securities, including indirect investments through the underlying fund, of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The underlying index measures the performance of the small- to mid-capitalization sector of the U.S. equity market, as defined by FTSE Russell.

Grade (RS Rating)

Last Trade

$73.02

Average Daily Volume

119,434

Number of Holdings ^*

495

* may have additional holdings in another (foreign) market

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

$138.63

Average Daily Volume

282,879

Number of Holdings ^*

707

* may have additional holdings in another (foreign) market

Performance

Period	SMMD	IWS
30 Days	8.00%	5.17%
60 Days	7.78%	5.63%
90 Days	8.86%	7.53%
12 Months	32.28%	31.74%

447 Overlapping Holdings

	Symbol	Grade	Weight in SMMD	Weight in IWS	Overlap
	AA	B	0.17%	0.12%	0.12%
	AAL	B	0.14%	0.1%	0.1%
	AAP	C	0.03%	0.02%	0.02%
	ACHC	F	0.05%	0.04%	0.04%
	ACI	C	0.12%	0.09%	0.09%
	ACM	A	0.23%	0.16%	0.16%
	ADC	B	0.11%	0.08%	0.08%
	ADT	C	0.03%	0.02%	0.02%
	AFG	A	0.15%	0.11%	0.11%
	AFRM	B	0.23%	0.14%	0.14%
	AGCO	D	0.09%	0.06%	0.06%
	AGNC	D	0.11%	0.08%	0.08%
	AGO	B	0.07%	0.05%	0.05%
	AIZ	A	0.18%	0.13%	0.13%
	AL	B	0.08%	0.06%	0.06%
	ALAB	B	0.03%	0.02%	0.02%
	ALGM	D	0.04%	0.03%	0.03%
	ALK	C	0.1%	0.07%	0.07%
	ALLE	D	0.18%	0.13%	0.13%
	ALLY	C	0.15%	0.1%	0.1%
	ALSN	B	0.15%	0.11%	0.11%
	AM	A	0.08%	0.04%	0.04%
	AMED	F	0.04%	0.03%	0.03%
	AMG	B	0.09%	0.06%	0.06%
	AMH	D	0.19%	0.14%	0.14%
	AMKR	D	0.04%	0.03%	0.03%
	AN	C	0.06%	0.05%	0.05%
	AOS	F	0.13%	0.1%	0.1%
	APA	D	0.12%	0.09%	0.09%
	APG	B	0.13%	0.09%	0.09%
	AR	B	0.15%	0.1%	0.1%
	ARMK	B	0.16%	0.11%	0.11%
	ARW	D	0.09%	0.07%	0.07%
	AS	B	0.02%	0.01%	0.01%
	ASH	D	0.06%	0.04%	0.04%
	ATI	D	0.11%	0.08%	0.08%
	ATR	B	0.17%	0.12%	0.12%
	AVT	C	0.07%	0.05%	0.05%
	AVY	D	0.24%	0.11%	0.11%
	AWI	A	0.1%	0.05%	0.05%
	AXS	A	0.1%	0.07%	0.07%
	AXTA	A	0.13%	0.1%	0.1%
	AYI	B	0.15%	0.11%	0.11%
	AZEK	A	0.11%	0.02%	0.02%
	AZPN	A	0.1%	0.07%	0.07%
	AZTA	D	0.04%	0.02%	0.02%
	BBWI	D	0.1%	0.08%	0.08%
	BC	C	0.08%	0.06%	0.06%
	BERY	B	0.12%	0.08%	0.08%
	BFAM	D	0.1%	0.06%	0.06%
	BHF	B	0.05%	0.03%	0.03%
	BILL	A	0.14%	0.07%	0.07%
	BIO	D	0.09%	0.07%	0.07%
	BIRK	D	0.03%	0.02%	0.02%
	BJ	A	0.18%	0.13%	0.13%
	BLD	D	0.17%	0.11%	0.11%
	BOKF	B	0.04%	0.03%	0.03%
	BPOP	B	0.1%	0.07%	0.07%
	BRBR	A	0.15%	0.1%	0.1%
	BRKR	D	0.09%	0.02%	0.02%
	BROS	B	0.08%	0.03%	0.03%
	BRX	A	0.13%	0.1%	0.1%
	BWA	D	0.11%	0.09%	0.09%
	BWXT	B	0.18%	0.1%	0.1%
	BXP	D	0.19%	0.14%	0.14%
	BYD	C	0.07%	0.06%	0.06%
	CACC	D	0.04%	0.01%	0.01%
	CACI	D	0.16%	0.11%	0.11%
	CAR	C	0.03%	0.01%	0.01%
	CART	C	0.11%	0.08%	0.08%
	CASY	A	0.23%	0.13%	0.13%
	CBSH	A	0.13%	0.09%	0.09%
	CC	C	0.05%	0.03%	0.03%
	CCCS	B	0.08%	0.06%	0.06%
	CCK	C	0.16%	0.12%	0.12%
	CERT	F	0.02%	0.01%	0.01%
	CFR	B	0.13%	0.09%	0.09%
	CG	A	0.17%	0.12%	0.12%
	CGNX	C	0.1%	0.07%	0.07%
	CHE	D	0.12%	0.08%	0.08%
	CHH	A	0.06%	0.01%	0.01%
	CHRD	D	0.12%	0.09%	0.09%
	CHRW	C	0.19%	0.14%	0.14%
	CIEN	B	0.15%	0.11%	0.11%
	CIVI	D	0.08%	0.04%	0.04%
	CLF	F	0.09%	0.04%	0.04%
	CLH	B	0.19%	0.14%	0.14%
	CLVT	F	0.03%	0.02%	0.02%
	CMA	A	0.12%	0.1%	0.1%
	CNM	D	0.13%	0.03%	0.03%
	CNXC	F	0.03%	0.02%	0.02%
	COHR	B	0.21%	0.14%	0.14%
	COKE	C	0.11%	0.08%	0.08%
	COLB	A	0.1%	0.07%	0.07%
	COLD	D	0.1%	0.07%	0.07%
	COLM	B	0.04%	0.03%	0.03%
	COTY	F	0.04%	0.03%	0.03%
	CPRI	F	0.03%	0.03%	0.03%
	CPT	B	0.19%	0.14%	0.14%
	CR	A	0.13%	0.09%	0.09%
	CRI	D	0.03%	0.02%	0.02%
	CRL	C	0.15%	0.11%	0.11%
	CROX	D	0.09%	0.05%	0.05%
	CRUS	D	0.08%	0.06%	0.06%
	CTLT	B	0.16%	0.12%	0.12%
	CUBE	D	0.16%	0.12%	0.12%
	CUZ	B	0.07%	0.05%	0.05%
	CVNA	B	0.4%	0.19%	0.19%
	CW	B	0.21%	0.15%	0.15%
	CWEN	C	0.03%	0.01%	0.01%
	CWEN	C	0.03%	0.03%	0.03%
	CWEN	C	0.01%	0.01%	0.01%
	CWEN	C	0.01%	0.03%	0.01%
	CXT	B	0.04%	0.03%	0.03%
	CZR	F	0.12%	0.09%	0.09%
	DAR	C	0.1%	0.08%	0.08%
	DAY	B	0.18%	0.11%	0.11%
	DBX	B	0.1%	0.05%	0.05%
	DCI	B	0.14%	0.1%	0.1%
	DDS	B	0.02%	0.01%	0.01%
	DINO	D	0.1%	0.07%	0.07%
	DJT	C	0.03%	0.01%	0.01%
	DKS	C	0.17%	0.11%	0.11%
	DLB	B	0.07%	0.05%	0.05%
	DNB	B	0.06%	0.04%	0.04%
	DOCS	C	0.09%	0.06%	0.06%
	DOX	D	0.15%	0.11%	0.11%
	DTM	B	0.16%	0.11%	0.11%
	DV	C	0.04%	0.01%	0.01%
	DXC	B	0.06%	0.04%	0.04%
	ECG	C	0.05%	0.03%	0.03%
	EEFT	B	0.07%	0.05%	0.05%
	EG	C	0.25%	0.15%	0.15%
	EGP	F	0.12%	0.09%	0.09%
	EHC	B	0.15%	0.11%	0.11%
	ELAN	D	0.1%	0.08%	0.08%
	ELS	C	0.19%	0.14%	0.14%
	EME	C	0.37%	0.15%	0.15%
	ENOV	C	0.04%	0.03%	0.03%
	EPR	D	0.05%	0.04%	0.04%
	EQT	B	0.41%	0.26%	0.26%
	ESAB	B	0.11%	0.08%	0.08%
	ESI	A	0.1%	0.07%	0.07%
	ETSY	D	0.09%	0.02%	0.02%
	EVR	B	0.17%	0.12%	0.12%
	EWBC	A	0.22%	0.16%	0.16%
	EXAS	D	0.15%	0.06%	0.06%
	EXE	B	0.34%	0.24%	0.24%
	EXEL	B	0.15%	0.02%	0.02%
	EXP	A	0.15%	0.03%	0.03%
	FAF	A	0.1%	0.07%	0.07%
	FBIN	D	0.14%	0.1%	0.1%
	FCN	D	0.1%	0.08%	0.08%
	FDS	B	0.28%	0.13%	0.13%
	FFIV	B	0.21%	0.15%	0.15%
	FHB	A	0.05%	0.04%	0.04%
	FHN	A	0.17%	0.12%	0.12%
	FIVE	F	0.07%	0.01%	0.01%
	FLO	D	0.06%	0.04%	0.04%
	FLS	B	0.12%	0.09%	0.09%
	FMC	D	0.11%	0.07%	0.07%
	FNB	A	0.09%	0.06%	0.06%
	FND	C	0.17%	0.08%	0.08%
	FR	C	0.1%	0.08%	0.08%
	FRPT	B	0.11%	0.05%	0.05%
	FRT	B	0.14%	0.1%	0.1%
	FTI	A	0.19%	0.13%	0.13%
	FTRE	D	0.03%	0.02%	0.02%
	FYBR	D	0.13%	0.09%	0.09%
	G	B	0.12%	0.09%	0.09%
	GAP	C	0.07%	0.05%	0.05%
	GEN	B	0.24%	0.18%	0.18%
	GGG	B	0.22%	0.16%	0.16%
	GL	B	0.15%	0.11%	0.11%
	GLOB	B	0.14%	0.02%	0.02%
	GLPI	C	0.2%	0.14%	0.14%
	GME	C	0.16%	0.11%	0.11%
	GMED	A	0.14%	0.1%	0.1%
	GNRC	B	0.16%	0.06%	0.06%
	GNTX	C	0.1%	0.08%	0.08%
	GO	C	0.03%	0.02%	0.02%
	GPK	C	0.13%	0.09%	0.09%
	GTES	A	0.06%	0.05%	0.05%
	GWRE	A	0.24%	0.1%	0.1%
	GXO	B	0.11%	0.08%	0.08%
	H	B	0.1%	0.06%	0.06%
	HAS	D	0.13%	0.01%	0.01%
	HAYW	B	0.03%	0.03%	0.03%
	HCP	B	0.07%	0.01%	0.01%
	HHH	B	0.04%	0.03%	0.03%
	HII	D	0.12%	0.08%	0.08%
	HIW	D	0.05%	0.04%	0.04%
	HLI	B	0.15%	0.1%	0.1%
	HOG	D	0.06%	0.04%	0.04%
	HOOD	B	0.35%	0.24%	0.24%
	HR	C	0.1%	0.07%	0.07%
	HRB	D	0.12%	0.07%	0.07%
	HSIC	B	0.14%	0.1%	0.1%
	HST	C	0.19%	0.13%	0.13%
	HUN	F	0.05%	0.04%	0.04%
	HXL	D	0.07%	0.05%	0.05%
	IAC	D	0.05%	0.04%	0.04%
	IDA	A	0.09%	0.07%	0.07%
	INFA	D	0.03%	0.02%	0.02%
	INGR	B	0.14%	0.1%	0.1%
	IONS	F	0.08%	0.0%	0.0%
	IPG	D	0.16%	0.11%	0.11%
	IPGP	D	0.03%	0.02%	0.02%
	IRDM	D	0.05%	0.03%	0.03%
	ITT	A	0.19%	0.14%	0.14%
	IVZ	B	0.1%	0.07%	0.07%
	JAZZ	B	0.12%	0.08%	0.08%
	JBL	B	0.22%	0.14%	0.14%
	JEF	A	0.2%	0.1%	0.1%
	JHG	A	0.09%	0.06%	0.06%
	JKHY	D	0.19%	0.14%	0.14%
	JLL	D	0.18%	0.09%	0.09%
	JNPR	F	0.17%	0.13%	0.13%
	JWN	C	0.03%	0.03%	0.03%
	KBR	F	0.12%	0.08%	0.08%
	KD	B	0.11%	0.07%	0.07%
	KEX	C	0.11%	0.08%	0.08%
	KIM	A	0.25%	0.18%	0.18%
	KMPR	B	0.07%	0.05%	0.05%
	KNX	B	0.13%	0.1%	0.1%
	KRC	C	0.07%	0.05%	0.05%
	KSS	F	0.03%	0.02%	0.02%
	LAD	A	0.16%	0.11%	0.11%
	LAMR	D	0.17%	0.09%	0.09%
	LAZ	B	0.09%	0.0%	0.0%
	LBRDA	C	0.02%	0.01%	0.01%
	LBRDK	C	0.14%	0.08%	0.08%
	LBTYA	B	0.03%	0.02%	0.02%
	LBTYK	A	0.03%	0.02%	0.02%
	LCID	F	0.03%	0.02%	0.02%
	LEA	D	0.08%	0.06%	0.06%
	LECO	B	0.17%	0.09%	0.09%
	LEG	F	0.02%	0.02%	0.02%
	LFUS	F	0.09%	0.06%	0.06%
	LITE	B	0.09%	0.06%	0.06%
	LLYVA	A	0.02%	0.01%	0.01%
	LLYVK	A	0.05%	0.03%	0.03%
	LNC	B	0.06%	0.07%	0.06%
	LOAR	A	0.01%	0.0%	0.0%
	LOPE	B	0.07%	0.03%	0.03%
	LPX	B	0.11%	0.02%	0.02%
	LSCC	D	0.11%	0.01%	0.01%
	LSTR	D	0.1%	0.07%	0.07%
	LYFT	C	0.09%	0.02%	0.02%
	M	D	0.06%	0.05%	0.05%
	MAN	D	0.04%	0.03%	0.03%
	MASI	A	0.11%	0.04%	0.04%
	MAT	D	0.09%	0.07%	0.07%
	MDU	D	0.06%	0.04%	0.04%
	MHK	D	0.11%	0.08%	0.08%
	MIDD	C	0.11%	0.08%	0.08%
	MKSI	C	0.11%	0.07%	0.07%
	MKTX	D	0.15%	0.11%	0.11%
	MOS	F	0.13%	0.09%	0.09%
	MP	B	0.04%	0.03%	0.03%
	MPW	F	0.04%	0.03%	0.03%
	MSA	D	0.09%	0.07%	0.07%
	MSGS	A	0.06%	0.04%	0.04%
	MSM	C	0.06%	0.04%	0.04%
	MTCH	D	0.12%	0.09%	0.09%
	MTDR	B	0.11%	0.07%	0.07%
	MTG	C	0.1%	0.07%	0.07%
	MTN	C	0.1%	0.01%	0.01%
	MTSI	B	0.11%	0.08%	0.08%
	MTZ	B	0.13%	0.09%	0.09%
	NCNO	B	0.05%	0.01%	0.01%
	NDSN	B	0.22%	0.16%	0.16%
	NEU	C	0.06%	0.04%	0.04%
	NFE	D	0.01%	0.0%	0.0%
	NFG	A	0.09%	0.06%	0.06%
	NI	A	0.25%	0.18%	0.18%
	NLY	C	0.15%	0.11%	0.11%
	NNN	D	0.12%	0.08%	0.08%
	NOV	C	0.1%	0.07%	0.07%
	NRG	B	0.3%	0.12%	0.12%
	NSA	D	0.05%	0.03%	0.03%
	NTNX	A	0.26%	0.13%	0.13%
	NVST	B	0.06%	0.04%	0.04%
	NVT	B	0.19%	0.13%	0.13%
	NWL	B	0.06%	0.04%	0.04%
	NWS	B	0.06%	0.04%	0.04%
	NWSA	B	0.17%	0.12%	0.12%
	NXST	C	0.08%	0.03%	0.03%
	NYT	C	0.13%	0.09%	0.09%
	OC	A	0.25%	0.18%	0.18%
	OGE	B	0.13%	0.09%	0.09%
	OGN	D	0.06%	0.04%	0.04%
	OHI	C	0.15%	0.11%	0.11%
	OLED	D	0.12%	0.04%	0.04%
	OLLI	D	0.08%	0.06%	0.06%
	OLN	D	0.07%	0.05%	0.05%
	OMF	A	0.09%	0.07%	0.07%
	ONTO	D	0.12%	0.06%	0.06%
	ORI	A	0.14%	0.1%	0.1%
	OSK	B	0.11%	0.08%	0.08%
	OVV	B	0.18%	0.13%	0.13%
	OZK	B	0.08%	0.06%	0.06%
	PAG	B	0.04%	0.03%	0.03%
	PARA	C	0.1%	0.07%	0.07%
	PARAA	B	0.0%	0.0%	0.0%
	PATH	C	0.09%	0.01%	0.01%
	PB	A	0.11%	0.08%	0.08%
	PENN	C	0.05%	0.03%	0.03%
	PFGC	B	0.2%	0.12%	0.12%
	PII	D	0.05%	0.04%	0.04%
	PINC	B	0.03%	0.03%	0.03%
	PK	B	0.05%	0.03%	0.03%
	PKG	A	0.32%	0.23%	0.23%
	PLNT	A	0.13%	0.04%	0.04%
	PLTK	B	0.01%	0.01%	0.01%
	PNFP	B	0.14%	0.1%	0.1%
	PNR	A	0.26%	0.19%	0.19%
	PNW	B	0.16%	0.11%	0.11%
	POST	C	0.08%	0.06%	0.06%
	PPC	C	0.03%	0.02%	0.02%
	PR	B	0.16%	0.08%	0.08%
	PRGO	B	0.05%	0.04%	0.04%
	PRI	A	0.16%	0.11%	0.11%
	PSN	D	0.07%	0.05%	0.05%
	PSTG	D	0.24%	0.02%	0.02%
	PVH	C	0.08%	0.06%	0.06%
	PYCR	C	0.02%	0.01%	0.01%
	QDEL	F	0.03%	0.02%	0.02%
	QRVO	F	0.1%	0.07%	0.07%
	QS	F	0.03%	0.02%	0.02%
	R	B	0.1%	0.08%	0.08%
	RBC	A	0.14%	0.1%	0.1%
	REG	B	0.2%	0.15%	0.15%
	REXR	F	0.14%	0.1%	0.1%
	REYN	D	0.02%	0.02%	0.02%
	RGA	A	0.23%	0.17%	0.17%
	RGEN	D	0.12%	0.07%	0.07%
	RGLD	C	0.15%	0.1%	0.1%
	RH	B	0.08%	0.04%	0.04%
	RHI	B	0.11%	0.08%	0.08%
	RITM	C	0.08%	0.06%	0.06%
	RIVN	F	0.12%	0.09%	0.09%
	RL	B	0.12%	0.09%	0.09%
	RLI	B	0.11%	0.08%	0.08%
	RNR	C	0.2%	0.15%	0.15%
	ROIV	C	0.07%	0.05%	0.05%
	ROKU	D	0.13%	0.08%	0.08%
	RPM	A	0.26%	0.15%	0.15%
	RRC	B	0.13%	0.09%	0.09%
	RRX	B	0.17%	0.12%	0.12%
	RS	B	0.27%	0.2%	0.2%
	RYN	D	0.07%	0.05%	0.05%
	S	B	0.12%	0.07%	0.07%
	SAIA	B	0.22%	0.06%	0.06%
	SAIC	F	0.1%	0.07%	0.07%
	SAM	C	0.04%	0.02%	0.02%
	SCI	B	0.18%	0.13%	0.13%
	SEB	F	0.01%	0.01%	0.01%
	SEE	C	0.06%	0.03%	0.03%
	SEG	B	0.0%	0.0%	0.0%
	SEIC	B	0.12%	0.09%	0.09%
	SF	B	0.17%	0.13%	0.13%
	SHC	F	0.03%	0.02%	0.02%
	SITE	D	0.1%	0.04%	0.04%
	SKX	D	0.12%	0.08%	0.08%
	SLGN	A	0.07%	0.05%	0.05%
	SLM	A	0.08%	0.06%	0.06%
	SMG	D	0.05%	0.04%	0.04%
	SN	D	0.1%	0.06%	0.06%
	SNA	A	0.28%	0.2%	0.2%
	SNDR	B	0.02%	0.02%	0.02%
	SNV	B	0.12%	0.09%	0.09%
	SNX	C	0.13%	0.1%	0.1%
	SOFI	A	0.23%	0.13%	0.13%
	SON	D	0.07%	0.05%	0.05%
	SPB	C	0.04%	0.03%	0.03%
	SPR	D	0.05%	0.03%	0.03%
	SSD	D	0.11%	0.08%	0.08%
	ST	F	0.07%	0.05%	0.05%
	STAG	F	0.1%	0.07%	0.07%
	STWD	C	0.09%	0.07%	0.07%
	SW	A	0.43%	0.29%	0.29%
	TECH	D	0.16%	0.12%	0.12%
	TFSL	A	0.01%	0.01%	0.01%
	TFX	F	0.13%	0.1%	0.1%
	THC	D	0.21%	0.16%	0.16%
	THG	A	0.09%	0.06%	0.06%
	THO	B	0.08%	0.06%	0.06%
	TKO	B	0.16%	0.09%	0.09%
	TKR	D	0.07%	0.05%	0.05%
	TNL	A	0.05%	0.04%	0.04%
	TOL	B	0.23%	0.17%	0.17%
	TPG	A	0.09%	0.05%	0.05%
	TPR	B	0.19%	0.14%	0.14%
	TRIP	F	0.02%	0.02%	0.02%
	TTC	D	0.13%	0.09%	0.09%
	TTEK	F	0.16%	0.1%	0.1%
	TXG	F	0.02%	0.01%	0.01%
	TXT	D	0.23%	0.17%	0.17%
	U	C	0.1%	0.03%	0.03%
	UA	C	0.02%	0.02%	0.02%
	UAA	C	0.03%	0.02%	0.02%
	UGI	A	0.08%	0.06%	0.06%
	UHAL	D	0.09%	0.0%	0.0%
	UHAL	D	0.01%	0.04%	0.01%
	UHAL	D	0.01%	0.0%	0.0%
	UHAL	D	0.09%	0.04%	0.04%
	UHS	D	0.17%	0.13%	0.13%
	UI	A	0.02%	0.01%	0.01%
	UNM	A	0.18%	0.15%	0.15%
	USFD	A	0.23%	0.16%	0.16%
	UTHR	C	0.24%	0.17%	0.17%
	UWMC	D	0.01%	0.0%	0.0%
	VAC	B	0.05%	0.03%	0.03%
	VFC	C	0.1%	0.08%	0.08%
	VIRT	B	0.05%	0.03%	0.03%
	VMI	B	0.1%	0.07%	0.07%
	VNO	B	0.11%	0.08%	0.08%
	VNOM	A	0.08%	0.04%	0.04%
	VNT	B	0.09%	0.07%	0.07%
	VOYA	B	0.12%	0.09%	0.09%
	VSTS	C	0.03%	0.02%	0.02%
	W	F	0.06%	0.04%	0.04%
	WAL	B	0.15%	0.11%	0.11%
	WBS	A	0.16%	0.11%	0.11%
	WCC	B	0.14%	0.1%	0.1%
	WEN	D	0.05%	0.02%	0.02%
	WEX	D	0.11%	0.07%	0.07%
	WH	B	0.11%	0.07%	0.07%
	WHR	B	0.09%	0.07%	0.07%
	WMS	D	0.13%	0.06%	0.06%
	WOLF	F	0.01%	0.01%	0.01%
	WSC	D	0.1%	0.05%	0.05%
	WSO	A	0.28%	0.2%	0.2%
	WTFC	A	0.13%	0.09%	0.09%
	WTM	A	0.07%	0.05%	0.05%
	WTRG	B	0.15%	0.11%	0.11%
	WU	D	0.04%	0.03%	0.03%
	WWD	B	0.16%	0.11%	0.11%
	WYNN	D	0.14%	0.09%	0.09%
	X	C	0.14%	0.09%	0.09%
	XRAY	F	0.06%	0.04%	0.04%
	YETI	C	0.05%	0.03%	0.03%
	Z	A	0.2%	0.13%	0.13%
	ZG	A	0.06%	0.04%	0.04%
	ZI	D	0.05%	0.03%	0.03%
	ZION	B	0.13%	0.1%	0.1%

SMMD Overweight 52 Positions Relative to IWS

	Symbol	Grade	Weight
	IWM	B	41.9%
	TPL	A	0.42%
	LII	A	0.31%
	NTRA	B	0.29%
	TOST	B	0.28%
	XPO	B	0.26%
	FIX	A	0.26%
	MANH	D	0.25%
	DT	C	0.23%
	POOL	C	0.2%
	NBIX	C	0.19%
	DUOL	A	0.19%
	TXRH	C	0.19%
	EQH	B	0.18%
	NCLH	B	0.17%
	KNSL	B	0.16%
	CAVA	B	0.16%
	MUSA	A	0.15%
	CHDN	B	0.15%
	WING	D	0.15%
	SRPT	D	0.15%
	TPX	B	0.14%
	MORN	B	0.14%
	AAON	B	0.14%
	LNW	D	0.13%
	MEDP	D	0.13%
	ITCI	C	0.13%
	PEN	B	0.13%
	PCTY	B	0.13%
	ESTC	C	0.12%
	GTLB	B	0.12%
	PCOR	B	0.12%
	DVA	B	0.12%
	RYAN	B	0.11%
	SMAR	A	0.11%
	CFLT	B	0.11%
	TREX	C	0.11%
	ELF	C	0.1%
	FOUR	B	0.1%
	BSY	D	0.1%
	WFRD	D	0.09%
	CELH	F	0.08%
	APPF	B	0.08%
	VKTX	F	0.08%
	INSP	D	0.08%
	VVV	F	0.07%
	PEGA	A	0.06%
	RARE	D	0.06%
	FIVN	C	0.04%
	RNG	B	0.04%
	APLS	D	0.04%
	TDC	D	0.04%

SMMD Underweight 264 Positions Relative to IWS

	Symbol	Grade	Weight
	WMB	A	-0.76%
	OKE	A	-0.7%
	AFL	B	-0.68%
	AJG	B	-0.65%
	BK	A	-0.64%
	DLR	B	-0.64%
	KMI	A	-0.58%
	MSTR	C	-0.55%
	O	D	-0.54%
	CMI	A	-0.54%
	FIS	C	-0.54%
	DHI	D	-0.53%
	LHX	C	-0.51%
	CCI	D	-0.5%
	KVUE	A	-0.5%
	PRU	A	-0.5%
	PEG	A	-0.49%
	AME	A	-0.49%
	PCG	A	-0.49%
	SPG	B	-0.48%
	ALL	A	-0.48%
	DFS	B	-0.48%
	HWM	A	-0.47%
	BKR	B	-0.47%
	EA	A	-0.47%
	URI	B	-0.46%
	DAL	C	-0.45%
	IR	B	-0.45%
	CBRE	B	-0.44%
	OTIS	C	-0.44%
	LEN	D	-0.44%
	CTVA	C	-0.43%
	XEL	A	-0.43%
	EXC	C	-0.43%
	FERG	B	-0.42%
	CTSH	B	-0.42%
	KR	B	-0.42%
	A	D	-0.41%
	CHTR	C	-0.4%
	ACGL	D	-0.4%
	NUE	C	-0.39%
	GIS	D	-0.39%
	ROST	C	-0.39%
	GLW	B	-0.39%
	MTB	A	-0.39%
	RCL	A	-0.39%
	WAB	B	-0.38%
	DD	D	-0.38%
	EXR	D	-0.38%
	HIG	B	-0.38%
	HUM	C	-0.37%
	FANG	D	-0.37%
	MCHP	D	-0.37%
	ED	D	-0.37%
	GEHC	F	-0.37%
	MLM	B	-0.37%
	GRMN	B	-0.36%
	NDAQ	A	-0.36%
	AVB	B	-0.36%
	PWR	A	-0.36%
	VICI	C	-0.36%
	ETR	B	-0.35%
	EIX	B	-0.35%
	WTW	B	-0.35%
	FITB	A	-0.35%
	TTWO	A	-0.34%
	IQV	D	-0.34%
	DOW	F	-0.34%
	WEC	A	-0.34%
	EBAY	D	-0.34%
	GPN	B	-0.33%
	HLT	A	-0.33%
	ROK	B	-0.33%
	UAL	A	-0.33%
	CNC	D	-0.33%
	RJF	A	-0.33%
	PPG	F	-0.32%
	STT	A	-0.32%
	CSGP	D	-0.32%
	ANSS	B	-0.32%
	XYL	D	-0.32%
	PAYX	C	-0.32%
	ON	D	-0.31%
	EQR	B	-0.31%
	SQ	B	-0.3%
	HPQ	B	-0.3%
	HPE	B	-0.3%
	VMC	B	-0.3%
	DOV	A	-0.3%
	TROW	B	-0.29%
	KEYS	A	-0.29%
	HAL	C	-0.29%
	AWK	D	-0.29%
	FTV	C	-0.29%
	FCNCA	A	-0.29%
	PHM	D	-0.29%
	CHD	B	-0.29%
	ADM	D	-0.28%
	HBAN	A	-0.28%
	VTR	C	-0.28%
	SYF	B	-0.28%
	NVR	D	-0.28%
	CCL	B	-0.27%
	DVN	F	-0.27%
	RF	A	-0.27%
	AEE	A	-0.27%
	EFX	F	-0.27%
	RMD	C	-0.27%
	DTE	C	-0.27%
	MTD	D	-0.27%
	PPL	B	-0.27%
	YUM	B	-0.26%
	CINF	A	-0.26%
	BIIB	F	-0.26%
	HUBB	B	-0.26%
	SBAC	D	-0.26%
	LNG	B	-0.26%
	FE	C	-0.26%
	WBD	C	-0.25%
	WY	D	-0.25%
	ZBH	C	-0.25%
	HSY	F	-0.24%
	ZM	B	-0.24%
	NTRS	A	-0.24%
	ILMN	D	-0.24%
	LYB	F	-0.24%
	LDOS	C	-0.24%
	TDY	B	-0.24%
	STE	F	-0.24%
	ATO	A	-0.24%
	ES	D	-0.24%
	IFF	D	-0.24%
	WDC	D	-0.23%
	INVH	D	-0.23%
	STLD	B	-0.23%
	CBOE	B	-0.23%
	K	A	-0.23%
	CFG	B	-0.23%
	LH	C	-0.22%
	PFG	D	-0.22%
	BBY	D	-0.22%
	IP	B	-0.22%
	CMS	C	-0.22%
	FSLR	F	-0.22%
	MKC	D	-0.21%
	OMC	C	-0.21%
	BALL	D	-0.21%
	CTRA	B	-0.21%
	IBKR	A	-0.21%
	BLDR	D	-0.21%
	ESS	B	-0.21%
	MSCI	C	-0.21%
	COO	D	-0.21%
	LUV	C	-0.21%
	CNP	B	-0.21%
	KEY	B	-0.2%
	DGX	A	-0.2%
	WRB	A	-0.2%
	HOLX	D	-0.2%
	TSN	B	-0.2%
	ARE	D	-0.2%
	MAA	B	-0.2%
	GPC	D	-0.19%
	TRMB	B	-0.19%
	MAS	D	-0.19%
	IEX	B	-0.19%
	J	F	-0.19%
	TRU	D	-0.19%
	CSL	C	-0.19%
	CF	B	-0.18%
	FNF	B	-0.18%
	MRO	B	-0.18%
	BAX	D	-0.18%
	DG	F	-0.18%
	MKL	A	-0.18%
	L	A	-0.17%
	VTRS	A	-0.17%
	SUI	D	-0.17%
	ZBRA	B	-0.17%
	LNT	A	-0.17%
	SSNC	B	-0.17%
	SYY	B	-0.16%
	EXPD	D	-0.16%
	EVRG	A	-0.16%
	IRM	D	-0.16%
	VRSN	F	-0.16%
	HES	B	-0.16%
	APTV	D	-0.16%
	UDR	B	-0.16%
	DOC	D	-0.16%
	BRO	B	-0.16%
	AMCR	D	-0.16%
	JBHT	C	-0.16%
	TWLO	A	-0.15%
	NTAP	C	-0.15%
	SWKS	F	-0.15%
	RVTY	F	-0.15%
	VLTO	D	-0.15%
	AVTR	F	-0.15%
	CAG	D	-0.14%
	BG	F	-0.14%
	DLTR	F	-0.14%
	AKAM	D	-0.14%
	SWK	D	-0.14%
	INCY	C	-0.13%
	KMX	B	-0.13%
	CAH	B	-0.13%
	EMN	D	-0.13%
	CDW	F	-0.13%
	BMRN	D	-0.13%
	WPC	D	-0.13%
	ALB	C	-0.13%
	EPAM	C	-0.13%
	FOXA	B	-0.12%
	FWONK	B	-0.12%
	TAP	C	-0.12%
	SJM	D	-0.12%
	COIN	C	-0.11%
	DPZ	C	-0.11%
	AES	F	-0.11%
	LKQ	D	-0.11%
	RPRX	D	-0.11%
	MGM	D	-0.1%
	PTC	A	-0.1%
	WST	C	-0.1%
	TW	A	-0.1%
	SOLV	C	-0.1%
	DRI	B	-0.1%
	CNH	C	-0.1%
	FICO	B	-0.09%
	CPB	D	-0.09%
	WAT	B	-0.09%
	HRL	D	-0.09%
	ALGN	D	-0.08%
	FAST	B	-0.08%
	LW	C	-0.08%
	CE	F	-0.07%
	WBA	F	-0.07%
	BEN	C	-0.07%
	SIRI	C	-0.07%
	MOH	F	-0.07%
	OKTA	C	-0.07%
	GWW	B	-0.07%
	WSM	B	-0.07%
	AMP	A	-0.06%
	FOX	A	-0.06%
	PAYC	B	-0.05%
	WLK	D	-0.05%
	ALNY	D	-0.04%
	TYL	B	-0.04%
	LINE	F	-0.04%
	GFS	C	-0.04%
	ULTA	F	-0.03%
	BR	A	-0.03%
	AGR	B	-0.03%
	SNRE	D	-0.03%
	AMTM	D	-0.03%
	TER	D	-0.02%
	LEN	D	-0.02%
	RKT	F	-0.02%
	RCM	F	-0.02%
	CNA	B	-0.01%
	FWONA	B	-0.01%
	GRAL	C	-0.0%

SMMD: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Biotechnology Software - Infrastructure Oil & Gas E&P Packaging & Containers Specialty Retail Apparel Manufacturing Asset Management Building Materials Diagnostics & Research Engineering & Construction Information Technology Services Leisure Semiconductors Aerospace & Defense Business Services Capital Markets Medical Care

Keywords: S&P 500 Real Estate Investment Trust Insurance Banking Computing Bank Chemical Electronics Natural Gas Aerospace Mining Telecommunications Biotechnology Medicine Beverage Insurance Products Semiconductor Construction Plastic Supply Chain Management

IWS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Software - Application Utilities - Regulated Electric Oil & Gas E&P 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