SPY vs. VV ETF Comparison

Comparison of SPDR S&P 500 (SPY) to Vanguard Large-Cap ETF - DNQ (VV)

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$593.05

Average Daily Volume

44,145,920

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

VV

Vanguard Large-Cap ETF - DNQ

VV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Large Cap Index, a broadly diversified index of large U.S. companies representing approximately the top 85% of the U.S. market capitalization. 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

$273.79

Average Daily Volume

210,421

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

Performance

Period	SPY	VV
30 Days	2.20%	2.40%
60 Days	6.59%	6.84%
90 Days	8.31%	8.56%
12 Months	34.88%	35.38%

432 Overlapping Holdings

	Symbol	Grade	Weight in SPY	Weight in VV	Overlap
	A	F	0.08%	0.09%	0.08%
	AAPL	C	6.75%	6.93%	6.75%
	ABBV	D	0.71%	0.72%	0.71%
	ABNB	C	0.12%	0.1%	0.1%
	ABT	C	0.4%	0.41%	0.4%
	ACGL	D	0.08%	0.08%	0.08%
	ACN	C	0.44%	0.46%	0.44%
	ADBE	C	0.45%	0.47%	0.45%
	ADI	F	0.22%	0.24%	0.22%
	ADM	F	0.05%	0.06%	0.05%
	ADP	A	0.25%	0.23%	0.23%
	ADSK	A	0.13%	0.12%	0.12%
	AEE	A	0.05%	0.05%	0.05%
	AEP	D	0.1%	0.11%	0.1%
	AFL	C	0.11%	0.13%	0.11%
	AIG	B	0.1%	0.1%	0.1%
	AJG	A	0.13%	0.13%	0.13%
	AKAM	F	0.03%	0.03%	0.03%
	ALB	B	0.02%	0.01%	0.01%
	ALGN	F	0.03%	0.04%	0.03%
	ALL	A	0.1%	0.1%	0.1%
	AMAT	F	0.31%	0.34%	0.31%
	AMD	F	0.47%	0.55%	0.47%
	AME	A	0.09%	0.08%	0.08%
	AMGN	F	0.34%	0.36%	0.34%
	AMP	A	0.11%	0.09%	0.09%
	AMT	F	0.18%	0.22%	0.18%
	AMZN	A	3.86%	3.62%	3.62%
	ANET	C	0.22%	0.2%	0.2%
	ANSS	B	0.06%	0.06%	0.06%
	AON	A	0.17%	0.15%	0.15%
	APD	B	0.14%	0.14%	0.14%
	APH	B	0.17%	0.16%	0.16%
	APTV	D	0.03%	0.04%	0.03%
	ARE	F	0.04%	0.04%	0.04%
	AVB	A	0.06%	0.07%	0.06%
	AVGO	C	1.67%	1.65%	1.65%
	AVY	F	0.03%	0.04%	0.03%
	AWK	D	0.05%	0.06%	0.05%
	AXP	B	0.33%	0.28%	0.28%
	AZO	C	0.11%	0.11%	0.11%
	BA	F	0.21%	0.19%	0.19%
	BAC	A	0.61%	0.57%	0.57%
	BALL	D	0.04%	0.04%	0.04%
	BAX	F	0.04%	0.04%	0.04%
	BBY	D	0.04%	0.04%	0.04%
	BDX	D	0.14%	0.14%	0.14%
	BEN	C	0.01%	0.01%	0.01%
	BIIB	F	0.05%	0.06%	0.05%
	BK	B	0.12%	0.11%	0.11%
	BKNG	A	0.33%	0.29%	0.29%
	BKR	B	0.08%	0.07%	0.07%
	BMY	B	0.22%	0.22%	0.22%
	BR	A	0.05%	0.05%	0.05%
	BRK.A	B	1.71%	0.07%	0.07%
	BRK.A	B	1.71%	1.66%	1.66%
	BRO	A	0.05%	0.05%	0.05%
	BSX	A	0.25%	0.25%	0.25%
	BX	A	0.25%	0.23%	0.23%
	C	A	0.26%	0.23%	0.23%
	CAG	F	0.03%	0.03%	0.03%
	CAH	A	0.06%	0.06%	0.06%
	CARR	C	0.13%	0.14%	0.13%
	CAT	C	0.4%	0.39%	0.39%
	CB	C	0.21%	0.23%	0.21%
	CBOE	D	0.04%	0.04%	0.04%
	CBRE	A	0.08%	0.08%	0.08%
	CCI	F	0.09%	0.11%	0.09%
	CCL	A	0.05%	0.04%	0.04%
	CDNS	B	0.16%	0.15%	0.15%
	CDW	F	0.05%	0.06%	0.05%
	CE	F	0.02%	0.03%	0.02%
	CEG	D	0.15%	0.17%	0.15%
	CF	B	0.03%	0.03%	0.03%
	CFG	B	0.04%	0.04%	0.04%
	CHD	B	0.05%	0.05%	0.05%
	CHTR	B	0.08%	0.06%	0.06%
	CI	D	0.18%	0.2%	0.18%
	CINF	A	0.05%	0.04%	0.04%
	CL	F	0.15%	0.17%	0.15%
	CLX	A	0.04%	0.04%	0.04%
	CMCSA	B	0.35%	0.33%	0.33%
	CME	A	0.16%	0.16%	0.16%
	CMG	B	0.16%	0.16%	0.16%
	CMI	A	0.1%	0.09%	0.09%
	CMS	C	0.04%	0.04%	0.04%
	CNC	F	0.07%	0.08%	0.07%
	CNP	B	0.04%	0.04%	0.04%
	COF	B	0.15%	0.11%	0.11%
	COP	C	0.26%	0.25%	0.25%
	COR	A	0.09%	0.08%	0.08%
	COST	B	0.79%	0.81%	0.79%
	CPAY	A	0.05%	0.04%	0.04%
	CPB	F	0.02%	0.02%	0.02%
	CPRT	A	0.1%	0.09%	0.09%
	CRM	B	0.59%	0.52%	0.52%
	CRWD	B	0.15%	0.13%	0.13%
	CSCO	A	0.46%	0.4%	0.4%
	CSGP	D	0.06%	0.06%	0.06%
	CSX	B	0.14%	0.14%	0.14%
	CTAS	A	0.15%	0.15%	0.15%
	CTRA	B	0.04%	0.03%	0.03%
	CTSH	A	0.08%	0.08%	0.08%
	CTVA	C	0.09%	0.08%	0.08%
	CVS	F	0.15%	0.16%	0.15%
	CVX	B	0.53%	0.53%	0.53%
	D	D	0.1%	0.1%	0.1%
	DAL	A	0.08%	0.07%	0.07%
	DD	D	0.07%	0.07%	0.07%
	DE	D	0.21%	0.22%	0.21%
	DELL	B	0.08%	0.07%	0.07%
	DFS	B	0.09%	0.07%	0.07%
	DG	F	0.03%	0.04%	0.03%
	DGX	A	0.03%	0.04%	0.03%
	DHI	F	0.1%	0.12%	0.1%
	DHR	F	0.32%	0.37%	0.32%
	DIS	B	0.36%	0.36%	0.36%
	DLR	C	0.11%	0.11%	0.11%
	DLTR	F	0.03%	0.03%	0.03%
	DOC	C	0.03%	0.02%	0.02%
	DOV	A	0.06%	0.05%	0.05%
	DOW	F	0.07%	0.08%	0.07%
	DPZ	C	0.03%	0.03%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	D	0.05%	0.05%	0.05%
	DUK	D	0.17%	0.18%	0.17%
	DVN	F	0.05%	0.05%	0.05%
	DXCM	C	0.05%	0.06%	0.05%
	EA	A	0.08%	0.08%	0.08%
	EBAY	C	0.06%	0.07%	0.06%
	ECL	C	0.12%	0.13%	0.12%
	ED	D	0.07%	0.07%	0.07%
	EFX	D	0.07%	0.07%	0.07%
	EG	D	0.03%	0.03%	0.03%
	EIX	C	0.06%	0.07%	0.06%
	EL	F	0.03%	0.05%	0.03%
	ELV	F	0.2%	0.25%	0.2%
	EMR	A	0.14%	0.13%	0.13%
	ENPH	F	0.02%	0.03%	0.02%
	EOG	A	0.14%	0.14%	0.14%
	EQIX	B	0.17%	0.17%	0.17%
	EQR	C	0.05%	0.06%	0.05%
	EQT	B	0.05%	0.02%	0.02%
	ES	D	0.04%	0.05%	0.04%
	ESS	C	0.04%	0.04%	0.04%
	ETN	A	0.28%	0.27%	0.27%
	ETR	B	0.06%	0.06%	0.06%
	EVRG	A	0.03%	0.01%	0.01%
	EW	D	0.08%	0.08%	0.08%
	EXC	C	0.08%	0.08%	0.08%
	EXPD	D	0.03%	0.04%	0.03%
	EXPE	B	0.04%	0.04%	0.04%
	EXR	D	0.07%	0.08%	0.07%
	F	C	0.09%	0.08%	0.08%
	FANG	D	0.07%	0.07%	0.07%
	FAST	A	0.1%	0.08%	0.08%
	FCX	F	0.13%	0.15%	0.13%
	FDS	A	0.04%	0.04%	0.04%
	FDX	B	0.13%	0.12%	0.12%
	FE	D	0.04%	0.05%	0.04%
	FI	A	0.24%	0.21%	0.21%
	FICO	B	0.1%	0.09%	0.09%
	FIS	B	0.09%	0.09%	0.09%
	FITB	A	0.06%	0.06%	0.06%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	A	0.02%	0.02%	0.02%
	FSLR	F	0.04%	0.05%	0.04%
	FTNT	B	0.1%	0.1%	0.1%
	FTV	D	0.05%	0.06%	0.05%
	GD	A	0.16%	0.15%	0.15%
	GDDY	A	0.05%	0.05%	0.05%
	GE	C	0.39%	0.4%	0.39%
	GEHC	F	0.08%	0.08%	0.08%
	GEN	A	0.03%	0.03%	0.03%
	GEV	B	0.18%	0.14%	0.14%
	GILD	C	0.23%	0.21%	0.21%
	GIS	F	0.07%	0.08%	0.07%
	GLW	C	0.07%	0.07%	0.07%
	GM	A	0.12%	0.1%	0.1%
	GOOG	B	1.71%	1.63%	1.63%
	GOOGL	B	2.06%	2.0%	2.0%
	GPC	D	0.03%	0.04%	0.03%
	GPN	B	0.06%	0.05%	0.05%
	GRMN	A	0.06%	0.06%	0.06%
	GS	B	0.37%	0.32%	0.32%
	GWW	B	0.11%	0.09%	0.09%
	HAL	C	0.05%	0.05%	0.05%
	HBAN	B	0.05%	0.04%	0.04%
	HCA	D	0.13%	0.15%	0.13%
	HD	B	0.77%	0.83%	0.77%
	HES	C	0.08%	0.08%	0.08%
	HIG	C	0.07%	0.07%	0.07%
	HLT	A	0.12%	0.12%	0.12%
	HOLX	D	0.04%	0.04%	0.04%
	HON	B	0.28%	0.28%	0.28%
	HPE	B	0.06%	0.05%	0.05%
	HPQ	B	0.07%	0.07%	0.07%
	HRL	F	0.02%	0.02%	0.02%
	HSY	D	0.05%	0.06%	0.05%
	HUBB	B	0.05%	0.02%	0.02%
	HUM	D	0.07%	0.08%	0.07%
	HWM	A	0.09%	0.08%	0.08%
	IBM	C	0.39%	0.42%	0.39%
	ICE	D	0.18%	0.19%	0.18%
	IDXX	D	0.07%	0.09%	0.07%
	IFF	F	0.04%	0.06%	0.04%
	INCY	B	0.03%	0.01%	0.01%
	INTC	C	0.21%	0.19%	0.19%
	INTU	A	0.36%	0.34%	0.34%
	INVH	D	0.04%	0.04%	0.04%
	IP	C	0.04%	0.03%	0.03%
	IQV	F	0.08%	0.08%	0.08%
	IR	A	0.08%	0.08%	0.08%
	IRM	D	0.07%	0.07%	0.07%
	ISRG	A	0.36%	0.36%	0.36%
	IT	A	0.08%	0.08%	0.08%
	ITW	A	0.15%	0.15%	0.15%
	J	B	0.04%	0.03%	0.03%
	JBHT	B	0.03%	0.03%	0.03%
	JCI	A	0.11%	0.11%	0.11%
	JNJ	D	0.76%	0.8%	0.76%
	JPM	B	1.4%	1.23%	1.23%
	K	A	0.04%	0.05%	0.04%
	KDP	D	0.07%	0.08%	0.07%
	KEY	B	0.04%	0.03%	0.03%
	KEYS	C	0.06%	0.06%	0.06%
	KHC	F	0.06%	0.06%	0.06%
	KKR	B	0.2%	0.18%	0.18%
	KLAC	F	0.18%	0.21%	0.18%
	KMB	F	0.09%	0.1%	0.09%
	KMI	B	0.1%	0.09%	0.09%
	KO	F	0.49%	0.57%	0.49%
	KR	A	0.08%	0.08%	0.08%
	KVUE	B	0.09%	0.09%	0.09%
	L	A	0.03%	0.03%	0.03%
	LDOS	B	0.05%	0.02%	0.02%
	LEN	D	0.08%	0.0%	0.0%
	LEN	D	0.08%	0.09%	0.08%
	LH	A	0.04%	0.04%	0.04%
	LHX	A	0.1%	0.09%	0.09%
	LIN	D	0.44%	0.47%	0.44%
	LLY	F	1.22%	1.56%	1.22%
	LMT	C	0.23%	0.29%	0.23%
	LNT	C	0.03%	0.03%	0.03%
	LOW	B	0.3%	0.32%	0.3%
	LULU	C	0.07%	0.06%	0.06%
	LUV	B	0.04%	0.04%	0.04%
	LVS	C	0.04%	0.04%	0.04%
	LYB	F	0.04%	0.05%	0.04%
	LYV	B	0.04%	0.04%	0.04%
	MA	B	0.86%	0.84%	0.84%
	MAA	C	0.04%	0.04%	0.04%
	MAR	A	0.13%	0.12%	0.12%
	MAS	D	0.03%	0.04%	0.03%
	MCD	C	0.42%	0.45%	0.42%
	MCHP	F	0.08%	0.09%	0.08%
	MCK	A	0.14%	0.13%	0.13%
	MCO	C	0.14%	0.15%	0.14%
	MDLZ	F	0.18%	0.2%	0.18%
	MDT	D	0.23%	0.24%	0.23%
	MET	C	0.1%	0.1%	0.1%
	META	B	2.49%	2.57%	2.49%
	MGM	D	0.02%	0.01%	0.01%
	MKC	D	0.04%	0.04%	0.04%
	MLM	B	0.08%	0.07%	0.07%
	MMC	C	0.22%	0.23%	0.22%
	MMM	C	0.15%	0.15%	0.15%
	MNST	B	0.08%	0.07%	0.07%
	MO	A	0.18%	0.18%	0.18%
	MOH	F	0.04%	0.04%	0.04%
	MPC	D	0.1%	0.11%	0.1%
	MPWR	F	0.08%	0.09%	0.08%
	MRK	F	0.51%	0.59%	0.51%
	MRNA	F	0.03%	0.05%	0.03%
	MRO	B	0.03%	0.03%	0.03%
	MS	A	0.33%	0.26%	0.26%
	MSCI	B	0.09%	0.09%	0.09%
	MSFT	C	6.23%	6.58%	6.23%
	MSI	B	0.16%	0.15%	0.15%
	MTB	B	0.07%	0.06%	0.06%
	MTD	F	0.06%	0.07%	0.06%
	MU	D	0.25%	0.24%	0.24%
	NDAQ	A	0.06%	0.07%	0.06%
	NEE	D	0.31%	0.36%	0.31%
	NEM	F	0.1%	0.13%	0.1%
	NFLX	A	0.67%	0.63%	0.63%
	NI	A	0.03%	0.02%	0.02%
	NKE	F	0.18%	0.22%	0.18%
	NOC	C	0.14%	0.16%	0.14%
	NOW	A	0.41%	0.38%	0.38%
	NSC	B	0.12%	0.12%	0.12%
	NTAP	D	0.05%	0.05%	0.05%
	NTRS	A	0.04%	0.04%	0.04%
	NUE	C	0.08%	0.07%	0.07%
	NVDA	B	7.14%	5.84%	5.84%
	NVR	D	0.06%	0.06%	0.06%
	NWS	B	0.01%	0.01%	0.01%
	NWSA	B	0.02%	0.02%	0.02%
	O	D	0.1%	0.11%	0.1%
	ODFL	B	0.09%	0.08%	0.08%
	OKE	A	0.12%	0.11%	0.11%
	OMC	B	0.04%	0.04%	0.04%
	ON	F	0.06%	0.06%	0.06%
	ORCL	A	0.58%	0.58%	0.58%
	ORLY	A	0.14%	0.14%	0.14%
	OTIS	C	0.08%	0.09%	0.08%
	OXY	D	0.07%	0.07%	0.07%
	PANW	A	0.25%	0.23%	0.23%
	PAYX	B	0.09%	0.09%	0.09%
	PCAR	B	0.12%	0.11%	0.11%
	PCG	A	0.09%	0.09%	0.09%
	PEG	C	0.08%	0.09%	0.08%
	PEP	D	0.45%	0.48%	0.45%
	PFE	F	0.31%	0.34%	0.31%
	PFG	C	0.04%	0.04%	0.04%
	PG	C	0.76%	0.84%	0.76%
	PGR	A	0.3%	0.31%	0.3%
	PH	A	0.18%	0.17%	0.17%
	PHM	D	0.05%	0.06%	0.05%
	PKG	B	0.04%	0.04%	0.04%
	PLD	D	0.21%	0.24%	0.21%
	PLTR	B	0.22%	0.16%	0.16%
	PM	C	0.39%	0.39%	0.39%
	PNC	B	0.16%	0.15%	0.15%
	PODD	B	0.03%	0.02%	0.02%
	POOL	D	0.03%	0.01%	0.01%
	PPG	F	0.06%	0.06%	0.06%
	PPL	A	0.05%	0.05%	0.05%
	PRU	B	0.09%	0.09%	0.09%
	PSA	C	0.1%	0.12%	0.1%
	PSX	D	0.11%	0.11%	0.11%
	PWR	B	0.09%	0.09%	0.09%
	PYPL	A	0.17%	0.16%	0.16%
	QCOM	F	0.38%	0.39%	0.38%
	RCL	A	0.11%	0.08%	0.08%
	REGN	F	0.17%	0.23%	0.17%
	RF	B	0.05%	0.04%	0.04%
	RJF	A	0.06%	0.05%	0.05%
	RMD	C	0.07%	0.07%	0.07%
	ROK	B	0.07%	0.06%	0.06%
	ROL	B	0.03%	0.03%	0.03%
	ROP	A	0.12%	0.12%	0.12%
	ROST	F	0.09%	0.1%	0.09%
	RSG	A	0.08%	0.08%	0.08%
	RTX	C	0.32%	0.33%	0.32%
	RVTY	C	0.03%	0.03%	0.03%
	SBAC	D	0.05%	0.05%	0.05%
	SBUX	B	0.22%	0.23%	0.22%
	SCHW	A	0.23%	0.2%	0.2%
	SHW	A	0.18%	0.18%	0.18%
	SLB	C	0.12%	0.12%	0.12%
	SMCI	F	0.02%	0.04%	0.02%
	SNA	A	0.04%	0.03%	0.03%
	SNPS	B	0.17%	0.16%	0.16%
	SO	D	0.19%	0.2%	0.19%
	SPG	B	0.11%	0.11%	0.11%
	SPGI	C	0.31%	0.34%	0.31%
	SRE	A	0.11%	0.11%	0.11%
	STE	F	0.04%	0.05%	0.04%
	STLD	B	0.04%	0.02%	0.02%
	STT	B	0.06%	0.05%	0.05%
	STX	D	0.04%	0.05%	0.04%
	STZ	D	0.07%	0.09%	0.07%
	SWK	F	0.03%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.05%	0.04%	0.04%
	SYK	A	0.25%	0.26%	0.25%
	SYY	B	0.08%	0.08%	0.08%
	T	A	0.32%	0.32%	0.32%
	TDG	B	0.15%	0.16%	0.15%
	TDY	A	0.04%	0.04%	0.04%
	TER	F	0.04%	0.05%	0.04%
	TFC	B	0.13%	0.12%	0.12%
	TGT	C	0.14%	0.15%	0.14%
	TJX	B	0.26%	0.27%	0.26%
	TMO	F	0.43%	0.49%	0.43%
	TMUS	A	0.23%	0.2%	0.2%
	TRGP	B	0.08%	0.03%	0.03%
	TRMB	B	0.04%	0.03%	0.03%
	TROW	B	0.05%	0.05%	0.05%
	TRV	B	0.12%	0.11%	0.11%
	TSCO	C	0.06%	0.06%	0.06%
	TSLA	B	1.6%	1.46%	1.46%
	TSN	C	0.03%	0.04%	0.03%
	TT	A	0.18%	0.18%	0.18%
	TTWO	A	0.05%	0.05%	0.05%
	TXN	C	0.39%	0.39%	0.39%
	TXT	C	0.03%	0.03%	0.03%
	TYL	B	0.05%	0.05%	0.05%
	UAL	B	0.06%	0.04%	0.04%
	UBER	F	0.31%	0.31%	0.31%
	UDR	C	0.03%	0.02%	0.02%
	ULTA	C	0.04%	0.04%	0.04%
	UNH	B	1.1%	1.11%	1.1%
	UNP	C	0.3%	0.31%	0.3%
	UPS	C	0.2%	0.21%	0.2%
	URI	B	0.12%	0.11%	0.11%
	USB	A	0.16%	0.15%	0.15%
	V	A	1.02%	0.87%	0.87%
	VICI	D	0.06%	0.07%	0.06%
	VLO	D	0.09%	0.08%	0.08%
	VLTO	C	0.05%	0.05%	0.05%
	VMC	B	0.08%	0.07%	0.07%
	VRSK	A	0.08%	0.08%	0.08%
	VRSN	C	0.03%	0.03%	0.03%
	VRTX	B	0.25%	0.25%	0.25%
	VST	B	0.09%	0.08%	0.08%
	VTR	C	0.05%	0.05%	0.05%
	VTRS	B	0.03%	0.03%	0.03%
	VZ	C	0.35%	0.35%	0.35%
	WAB	A	0.07%	0.07%	0.07%
	WAT	A	0.05%	0.04%	0.04%
	WBA	D	0.01%	0.01%	0.01%
	WBD	B	0.04%	0.04%	0.04%
	WDC	D	0.05%	0.05%	0.05%
	WEC	B	0.06%	0.06%	0.06%
	WELL	B	0.15%	0.16%	0.15%
	WFC	A	0.49%	0.4%	0.4%
	WM	A	0.16%	0.17%	0.16%
	WMB	B	0.13%	0.11%	0.11%
	WMT	A	0.72%	0.74%	0.72%
	WRB	B	0.04%	0.03%	0.03%
	WST	B	0.05%	0.04%	0.04%
	WTW	A	0.06%	0.06%	0.06%
	WY	F	0.05%	0.05%	0.05%
	XEL	A	0.07%	0.07%	0.07%
	XOM	B	1.07%	1.07%	1.07%
	XYL	D	0.06%	0.07%	0.06%
	YUM	B	0.08%	0.08%	0.08%
	ZBH	C	0.04%	0.05%	0.04%
	ZBRA	A	0.04%	0.04%	0.04%
	ZTS	D	0.15%	0.16%	0.15%

SPY Overweight 68 Positions Relative to VV

	Symbol	Grade	Weight
	LRCX	F	0.2%
	NXPI	F	0.12%
	AXON	B	0.07%
	PTC	B	0.05%
	DECK	B	0.05%
	SW	C	0.05%
	IEX	B	0.04%
	NRG	B	0.04%
	BLDR	D	0.04%
	ATO	A	0.04%
	HST	C	0.03%
	DAY	C	0.03%
	JNPR	D	0.03%
	JKHY	C	0.03%
	FFIV	A	0.03%
	NDSN	B	0.03%
	AMCR	D	0.03%
	JBL	C	0.03%
	KIM	A	0.03%
	PNR	A	0.03%
	FMC	F	0.02%
	MHK	D	0.02%
	BWA	B	0.02%
	HII	D	0.02%
	WYNN	F	0.02%
	HAS	D	0.02%
	RL	B	0.02%
	IVZ	C	0.02%
	FRT	C	0.02%
	CZR	F	0.02%
	MOS	D	0.02%
	HSIC	F	0.02%
	AOS	F	0.02%
	APA	F	0.02%
	TFX	F	0.02%
	MTCH	F	0.02%
	TAP	B	0.02%
	GL	B	0.02%
	LKQ	D	0.02%
	AES	F	0.02%
	PNW	B	0.02%
	SOLV	D	0.02%
	MKTX	C	0.02%
	ERIE	F	0.02%
	AIZ	A	0.02%
	CTLT	D	0.02%
	GNRC	B	0.02%
	CRL	C	0.02%
	PAYC	B	0.02%
	IPG	F	0.02%
	TPR	B	0.02%
	LW	C	0.02%
	EPAM	B	0.02%
	BXP	D	0.02%
	REG	A	0.02%
	TECH	B	0.02%
	KMX	C	0.02%
	UHS	D	0.02%
	EMN	D	0.02%
	BG	D	0.02%
	NCLH	B	0.02%
	ALLE	D	0.02%
	SJM	F	0.02%
	CHRW	A	0.02%
	CPT	C	0.02%
	PARA	C	0.01%
	DVA	C	0.01%
	QRVO	F	0.01%

SPY Underweight 52 Positions Relative to VV

	Symbol	Grade	Weight
	BLK	B	-0.27%
	MRVL	B	-0.13%
	WDAY	B	-0.11%
	DASH	A	-0.1%
	TTD	B	-0.1%
	APO	B	-0.1%
	WCN	A	-0.09%
	SQ	B	-0.08%
	LNG	B	-0.08%
	DDOG	B	-0.07%
	COIN	B	-0.07%
	SNOW	C	-0.07%
	ALNY	D	-0.07%
	VRT	B	-0.07%
	ARES	B	-0.06%
	VEEV	B	-0.06%
	NET	B	-0.05%
	RBLX	B	-0.05%
	TEAM	B	-0.05%
	HUBS	B	-0.05%
	LPLA	B	-0.04%
	MDB	C	-0.04%
	MKL	A	-0.04%
	PINS	F	-0.04%
	TRU	D	-0.04%
	ILMN	C	-0.04%
	BMRN	F	-0.03%
	WPC	F	-0.03%
	TW	C	-0.03%
	IBKR	A	-0.03%
	APP	B	-0.03%
	MSTR	B	-0.03%
	HEI	B	-0.03%
	SSNC	C	-0.03%
	ZS	B	-0.03%
	FNF	C	-0.03%
	ZM	B	-0.03%
	AVTR	F	-0.03%
	BURL	C	-0.03%
	SUI	D	-0.03%
	BSY	F	-0.02%
	TPL	B	-0.02%
	CVNA	B	-0.02%
	HEI	B	-0.02%
	RPRX	F	-0.02%
	SNAP	C	-0.02%
	OKTA	C	-0.02%
	RKT	F	-0.01%
	AGR	C	-0.01%
	WLK	F	-0.01%
	WMG	B	-0.01%
	CRBG	C	-0.01%

SPY: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Oil & Gas E&P Aerospace & Defense Asset Management Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

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

VV: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Business Services Diversified Industrials Asset Management Diagnostics & Research Semiconductors Capital Markets Banks - Regional - US Drug Manufacturers - Major Oil & Gas E&P Specialty Chemicals Specialty Retail Aerospace & Defense Insurance - Property & Casualty Medical Devices Software - Infrastructure Biotechnology Credit Services Health Care Plans

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Electricity Dow Jones Component Electronics Medicine Bank Chemical Telecommunications Aerospace Banking Cloud Computing Insurance Products Real Estate Investment Trust Semiconductor Mobile Devices Work From Home