VB vs. HYBB ETF Comparison

Comparison of Vanguard Small-Cap ETF (VB) to iShares BB Rated Corporate Bond ETF (HYBB)

VB

Vanguard Small-Cap ETF

VB Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Index, a broadly diversified index of stocks of small U.S. companies. 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

$257.73

Average Daily Volume

621,370

Number of Holdings ^*

1299

* may have additional holdings in another (foreign) market

HYBB

iShares BB Rated Corporate Bond ETF

HYBB Description

The investment seeks to track the investment results of the ICE BofA BB US High Yield Constrained Index composed of BB, or equivalently rated, fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporations. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates (BlackRock Cash Funds), as well as in securities not included in the index, but which BFA believes will help it track the index.

Grade (RS Rating)

Last Trade

$46.60

Average Daily Volume

53,807

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

Performance

Period	VB	HYBB
30 Days	8.88%	0.77%
60 Days	9.16%	-0.93%
90 Days	10.78%	0.18%
12 Months	36.01%	7.81%

202 Overlapping Holdings

Symbol	Grade	Weight in VB	Weight in HYBB	Overlap
AA	B	0.17%	0.06%	0.06%
AAL	B	0.14%	0.11%	0.11%
AAP	C	0.04%	0.03%	0.03%
ABG	B	0.07%	0.05%	0.05%
ACI	C	0.09%	0.08%	0.08%
ACM	A	0.24%	0.14%	0.14%
AES	F	0.19%	0.05%	0.05%
AIR	B	0.03%	0.09%	0.03%
AIZ	A	0.16%	0.06%	0.06%
ALGT	B	0.02%	0.08%	0.02%
ALLY	C	0.16%	0.07%	0.07%
ALSN	B	0.15%	0.05%	0.05%
AM	A	0.08%	0.09%	0.08%
AMCX	C	0.0%	0.13%	0.0%
AMKR	D	0.05%	0.08%	0.05%
AMN	F	0.02%	0.05%	0.02%
AR	B	0.13%	0.05%	0.05%
ASGN	F	0.06%	0.09%	0.06%
ASH	D	0.06%	0.05%	0.05%
ATGE	B	0.05%	0.07%	0.05%
ATKR	C	0.05%	0.06%	0.05%
ATSG	B	0.02%	0.09%	0.02%
AVNT	B	0.07%	0.09%	0.07%
AXTA	A	0.14%	0.08%	0.08%
BBWI	D	0.1%	0.04%	0.04%
BCC	B	0.09%	0.06%	0.06%
BCO	D	0.07%	0.06%	0.06%
BDN	C	0.01%	0.04%	0.01%
BECN	B	0.09%	0.04%	0.04%
BERY	B	0.13%	0.03%	0.03%
BFH	B	0.04%	0.14%	0.04%
BLD	D	0.18%	0.05%	0.05%
BLDR	D	0.33%	0.08%	0.08%
BWXT	B	0.18%	0.06%	0.06%
BXMT	C	0.05%	0.05%	0.05%
BYD	C	0.07%	0.12%	0.07%
CACC	D	0.03%	0.06%	0.03%
CCK	C	0.19%	0.06%	0.06%
CCOI	B	0.06%	0.06%	0.06%
CENT	C	0.0%	0.04%	0.0%
CHRD	D	0.13%	0.04%	0.04%
CIEN	B	0.15%	0.06%	0.06%
CIVI	D	0.08%	0.06%	0.06%
CLF	F	0.1%	0.05%	0.05%
CLH	B	0.18%	0.04%	0.04%
CMC	B	0.1%	0.04%	0.04%
CNX	A	0.08%	0.06%	0.06%
COHR	B	0.23%	0.14%	0.14%
COOP	B	0.09%	0.07%	0.07%
COTY	F	0.04%	0.07%	0.04%
CRI	D	0.03%	0.08%	0.03%
CRL	C	0.15%	0.06%	0.06%
CRS	A	0.12%	0.05%	0.05%
CWK	B	0.05%	0.09%	0.05%
CXT	B	0.04%	0.04%	0.04%
CXW	B	0.02%	0.08%	0.02%
CZR	F	0.14%	0.22%	0.14%
DAN	D	0.02%	0.05%	0.02%
DAR	C	0.1%	0.07%	0.07%
DFH	D	0.01%	0.05%	0.01%
DVA	B	0.1%	0.14%	0.1%
DY	D	0.08%	0.07%	0.07%
ECPG	B	0.02%	0.08%	0.02%
EHC	B	0.16%	0.05%	0.05%
ENS	D	0.06%	0.04%	0.04%
ENTG	D	0.26%	0.05%	0.05%
EPC	D	0.03%	0.07%	0.03%
ESAB	B	0.12%	0.11%	0.11%
ESI	A	0.1%	0.12%	0.1%
ESTC	C	0.12%	0.08%	0.08%
FL	F	0.04%	0.05%	0.04%
FLR	B	0.15%	0.08%	0.08%
FOR	F	0.01%	0.04%	0.01%
FOUR	B	0.1%	0.05%	0.05%
FTRE	D	0.02%	0.09%	0.02%
FUL	F	0.07%	0.04%	0.04%
GAP	C	0.08%	0.1%	0.08%
GEO	B	0.03%	0.09%	0.03%
GHC	C	0.05%	0.07%	0.05%
GNL	F	0.03%	0.08%	0.03%
GNW	A	0.05%	0.04%	0.04%
GOLF	B	0.03%	0.05%	0.03%
GPI	A	0.08%	0.07%	0.07%
GPK	C	0.14%	0.04%	0.04%
GTLS	B	0.09%	0.23%	0.09%
HGV	B	0.04%	0.12%	0.04%
HHH	B	0.04%	0.08%	0.04%
HI	C	0.03%	0.04%	0.03%
HLF	C	0.01%	0.12%	0.01%
HLX	B	0.01%	0.06%	0.01%
HPP	F	0.01%	0.04%	0.01%
HRI	B	0.1%	0.12%	0.1%
HTZ	C	0.0%	0.12%	0.0%
IBP	D	0.09%	0.05%	0.05%
JAZZ	B	0.11%	0.19%	0.11%
JBLU	F	0.03%	0.3%	0.03%
JWN	C	0.05%	0.05%	0.05%
KBH	D	0.08%	0.04%	0.04%
KBR	F	0.15%	0.04%	0.04%
KFY	B	0.06%	0.07%	0.06%
KNTK	B	0.03%	0.12%	0.03%
KSS	F	0.03%	0.04%	0.03%
LAD	A	0.15%	0.07%	0.07%
LADR	B	0.02%	0.08%	0.02%
LAMR	D	0.19%	0.05%	0.05%
LEVI	F	0.03%	0.06%	0.03%
LGIH	D	0.03%	0.04%	0.03%
LPX	B	0.1%	0.05%	0.05%
LTH	C	0.03%	0.07%	0.03%
LW	C	0.18%	0.08%	0.08%
M	D	0.07%	0.02%	0.02%
MD	B	0.02%	0.07%	0.02%
MGM	D	0.07%	0.06%	0.06%
MHO	D	0.03%	0.04%	0.03%
MTDR	B	0.1%	0.08%	0.08%
MTN	C	0.1%	0.09%	0.09%
MTX	B	0.04%	0.06%	0.04%
MUR	D	0.07%	0.05%	0.05%
MUSA	A	0.15%	0.04%	0.04%
MWA	B	0.06%	0.07%	0.06%
NAVI	C	0.02%	0.07%	0.02%
NCLH	B	0.18%	0.07%	0.07%
NGVT	B	0.03%	0.07%	0.03%
NMRK	B	0.03%	0.08%	0.03%
NRG	B	0.31%	0.06%	0.06%
NSIT	F	0.09%	0.07%	0.07%
NWL	B	0.06%	0.06%	0.06%
NXST	C	0.09%	0.13%	0.09%
OGN	D	0.08%	0.08%	0.08%
OI	C	0.03%	0.05%	0.03%
OII	B	0.04%	0.05%	0.04%
OLN	D	0.08%	0.07%	0.07%
OMF	A	0.1%	0.03%	0.03%
OUT	A	0.04%	0.08%	0.04%
PAG	B	0.05%	0.07%	0.05%
PARA	C	0.1%	0.08%	0.08%
PBH	A	0.06%	0.06%	0.06%
PFGC	B	0.21%	0.14%	0.14%
PFSI	D	0.04%	0.07%	0.04%
PHIN	A	0.03%	0.07%	0.03%
PK	B	0.05%	0.09%	0.05%
POST	C	0.08%	0.15%	0.08%
PPC	C	0.03%	0.08%	0.03%
PR	B	0.14%	0.05%	0.05%
PRAA	C	0.01%	0.04%	0.01%
PRGO	B	0.06%	0.04%	0.04%
PTC	A	0.35%	0.07%	0.07%
REZI	A	0.04%	0.04%	0.04%
RHP	B	0.1%	0.06%	0.06%
RLJ	C	0.02%	0.07%	0.02%
RNG	B	0.05%	0.07%	0.05%
RRC	B	0.11%	0.06%	0.06%
RXO	C	0.06%	0.06%	0.06%
SAH	A	0.01%	0.07%	0.01%
SBH	C	0.02%	0.1%	0.02%
SCI	B	0.18%	0.08%	0.08%
SCS	C	0.02%	0.07%	0.02%
SEE	C	0.07%	0.06%	0.06%
SIRI	C	0.1%	0.14%	0.1%
SLGN	A	0.07%	0.09%	0.07%
SLM	A	0.08%	0.08%	0.08%
SM	B	0.08%	0.06%	0.06%
SPR	D	0.06%	0.04%	0.04%
SRCL	C	0.01%	0.08%	0.01%
SRCL	C	0.09%	0.08%	0.08%
ST	F	0.09%	0.06%	0.06%
STWD	C	0.1%	0.05%	0.05%
SYNA	C	0.04%	0.05%	0.04%
TCBI	B	0.06%	0.06%	0.06%
TEX	D	0.05%	0.09%	0.05%
TFX	F	0.16%	0.07%	0.07%
TGNA	B	0.04%	0.07%	0.04%
THC	D	0.24%	0.08%	0.08%
THO	B	0.09%	0.08%	0.08%
TMHC	B	0.11%	0.06%	0.06%
TNET	D	0.04%	0.07%	0.04%
TNL	A	0.05%	0.04%	0.04%
TPH	D	0.06%	0.05%	0.05%
TPX	B	0.13%	0.1%	0.1%
TRN	C	0.05%	0.1%	0.05%
TRS	B	0.02%	0.06%	0.02%
TTMI	B	0.04%	0.06%	0.04%
TWLO	A	0.19%	0.06%	0.06%
UA	C	0.02%	0.07%	0.02%
USM	B	0.02%	0.1%	0.02%
VAL	D	0.05%	0.17%	0.05%
VFC	C	0.13%	0.04%	0.04%
VIAV	B	0.03%	0.05%	0.03%
VLY	B	0.07%	0.04%	0.04%
VNO	B	0.12%	0.05%	0.05%
VSAT	F	0.02%	0.09%	0.02%
VSTO	A	0.02%	0.06%	0.02%
W	F	0.07%	0.11%	0.07%
WAL	B	0.14%	0.09%	0.09%
WBA	F	0.05%	0.03%	0.03%
WCC	B	0.16%	0.12%	0.12%
WFRD	D	0.1%	0.25%	0.1%
WH	B	0.11%	0.08%	0.08%
WMS	D	0.19%	0.06%	0.06%
X	C	0.13%	0.04%	0.04%
XPO	B	0.24%	0.08%	0.08%
ZD	C	0.03%	0.07%	0.03%

VB Overweight 1097 Positions Relative to HYBB

Symbol	Grade	Weight
AXON	A	0.5%
SW	A	0.44%
DECK	A	0.4%
BAH	F	0.39%
MSTR	C	0.35%
ATO	A	0.35%
EME	C	0.34%
FCNCA	A	0.34%
LII	A	0.32%
CSL	C	0.32%
APP	B	0.31%
TRGP	B	0.3%
WSM	B	0.28%
HOOD	B	0.28%
MANH	D	0.27%
IEX	B	0.27%
DKNG	B	0.27%
RPM	A	0.27%
PNR	A	0.27%
WSO	A	0.27%
UTHR	C	0.27%
NTNX	A	0.26%
RBA	A	0.26%
RS	B	0.26%
KIM	A	0.26%
TOL	B	0.25%
USFD	A	0.25%
DT	C	0.25%
OC	A	0.25%
GWRE	A	0.25%
PSTG	D	0.25%
EQH	B	0.24%
CVNA	B	0.24%
CASY	A	0.24%
RNR	C	0.23%
GGG	B	0.23%
RGA	A	0.23%
FIX	A	0.23%
DOCU	A	0.23%
NTRA	B	0.23%
TTEK	F	0.22%
GLPI	C	0.22%
CW	B	0.22%
JKHY	D	0.22%
JBL	B	0.22%
EWBC	A	0.22%
FFIV	B	0.22%
TOST	B	0.21%
EXAS	D	0.21%
TXRH	C	0.21%
NDSN	B	0.21%
JNPR	F	0.21%
SFM	A	0.21%
JLL	D	0.21%
REG	B	0.21%
SAIA	B	0.21%
BG	F	0.2%
HST	C	0.2%
NBIX	C	0.2%
ALLE	D	0.2%
EMN	D	0.2%
PCVX	D	0.2%
CACI	D	0.2%
LDOS	C	0.2%
CPT	B	0.2%
NVT	B	0.2%
BJ	A	0.19%
KMX	B	0.19%
TPL	A	0.19%
ERIE	D	0.19%
SRPT	D	0.19%
ITT	A	0.19%
BXP	D	0.19%
HUBB	B	0.19%
SJM	D	0.19%
CHRW	C	0.19%
UHS	D	0.19%
INSM	C	0.19%
CG	A	0.19%
OWL	A	0.19%
TECH	D	0.19%
ELS	C	0.19%
DAY	B	0.18%
SOFI	A	0.18%
DKS	C	0.18%
CUBE	D	0.18%
PAYC	B	0.18%
EQT	B	0.18%
FTI	A	0.18%
LECO	B	0.18%
TPR	B	0.18%
OHI	C	0.18%
AMH	D	0.18%
IPG	D	0.18%
RRX	B	0.18%
ATR	B	0.18%
CTLT	B	0.17%
SF	B	0.17%
EPAM	C	0.17%
FBIN	D	0.17%
OVV	B	0.17%
MKTX	D	0.17%
DUOL	A	0.17%
FND	C	0.17%
TAP	C	0.16%
KNSL	B	0.16%
GL	B	0.16%
WTRG	B	0.16%
UNM	A	0.16%
STLD	B	0.16%
EXP	A	0.16%
RGLD	C	0.16%
EVR	B	0.16%
LKQ	D	0.16%
AFG	A	0.16%
WWD	B	0.16%
ONTO	D	0.16%
GNRC	B	0.16%
ARMK	B	0.16%
AFRM	B	0.16%
PNW	B	0.16%
SOLV	C	0.16%
ENSG	D	0.15%
WBS	A	0.15%
AIT	A	0.15%
FYBR	D	0.15%
HSIC	B	0.15%
EXEL	B	0.15%
AOS	F	0.15%
WYNN	D	0.15%
MORN	B	0.15%
HLI	B	0.15%
JEF	A	0.15%
AYI	B	0.15%
CHDN	B	0.15%
FRT	B	0.15%
FHN	A	0.15%
MLI	C	0.15%
MTCH	D	0.15%
PRI	A	0.15%
IOT	A	0.15%
LBRDK	C	0.15%
GMED	A	0.14%
LNW	D	0.14%
HRB	D	0.14%
EGP	F	0.14%
TTC	D	0.14%
WING	D	0.14%
APG	B	0.14%
PEN	B	0.14%
CMA	A	0.14%
ITCI	C	0.14%
GME	C	0.14%
BRBR	A	0.14%
MOS	F	0.14%
CNM	D	0.14%
RIVN	F	0.14%
INGR	B	0.14%
NYT	C	0.14%
HAS	D	0.14%
FN	D	0.14%
APA	D	0.14%
SEIC	B	0.14%
REXR	F	0.14%
DTM	B	0.14%
DCI	B	0.14%
LNTH	D	0.13%
VKTX	F	0.13%
CR	A	0.13%
BWA	D	0.13%
ZION	B	0.13%
PCTY	B	0.13%
TREX	C	0.13%
WTFC	A	0.13%
PNFP	B	0.13%
BFAM	D	0.13%
MTZ	B	0.13%
MEDP	D	0.13%
DOC	D	0.13%
NI	A	0.13%
VOYA	B	0.13%
NNN	D	0.13%
KNX	B	0.13%
OGE	B	0.13%
RVMD	C	0.13%
TKO	B	0.13%
FMC	D	0.13%
PODD	C	0.13%
BRX	A	0.13%
ORI	A	0.13%
OLED	D	0.13%
CHE	D	0.13%
SKX	D	0.13%
ROKU	D	0.13%
RBC	A	0.13%
FCN	D	0.12%
UFPI	B	0.12%
WEX	D	0.12%
S	B	0.12%
GXO	B	0.12%
RGEN	D	0.12%
MHK	D	0.12%
HII	D	0.12%
CBSH	A	0.12%
Z	A	0.12%
AGNC	D	0.12%
COLD	D	0.12%
CFR	B	0.12%
SAIC	F	0.12%
SNX	C	0.12%
AAON	B	0.12%
IVZ	B	0.12%
SMAR	A	0.12%
HQY	B	0.12%
SSB	B	0.12%
ADC	B	0.12%
JXN	C	0.12%
RL	B	0.12%
SSD	D	0.12%
EXLS	B	0.11%
HALO	F	0.11%
FRPT	B	0.11%
BPOP	B	0.11%
MTG	C	0.11%
MTSI	B	0.11%
LUMN	C	0.11%
ATI	D	0.11%
POOL	C	0.11%
MTH	D	0.11%
EVRG	A	0.11%
PB	A	0.11%
PLNT	A	0.11%
UHAL	D	0.11%
KEX	C	0.11%
OSK	B	0.11%
MKSI	C	0.11%
ANF	C	0.11%
RHI	B	0.11%
QRVO	F	0.11%
RLI	B	0.11%
PCOR	B	0.11%
STAG	F	0.11%
G	B	0.11%
SNV	B	0.11%
CVLT	B	0.11%
GKOS	B	0.11%
CGNX	C	0.11%
FLS	B	0.11%
MAT	D	0.11%
MASI	A	0.11%
BIO	D	0.11%
FR	C	0.11%
UDR	B	0.11%
MIDD	C	0.11%
GNTX	C	0.11%
LSCC	D	0.11%
TRNO	F	0.1%
INSP	D	0.1%
DBX	B	0.1%
SUM	B	0.1%
MOD	A	0.1%
CRUS	D	0.1%
ALTR	B	0.1%
CSWI	A	0.1%
BMI	B	0.1%
CBT	C	0.1%
GBCI	B	0.1%
BILL	A	0.1%
LNC	B	0.1%
AXS	A	0.1%
WSC	D	0.1%
ELF	C	0.1%
COLB	A	0.1%
BRKR	D	0.1%
CYTK	F	0.1%
R	B	0.1%
CWST	A	0.1%
ALK	C	0.1%
AVAV	D	0.1%
CTRE	D	0.1%
ESNT	D	0.1%
GTLB	B	0.1%
LFUS	F	0.1%
INCY	C	0.1%
CROX	D	0.1%
AWI	A	0.1%
NOV	C	0.1%
CADE	B	0.1%
NOVT	D	0.1%
ONB	B	0.1%
SPSC	C	0.1%
MSA	D	0.1%
H	B	0.1%
LSTR	D	0.1%
ELAN	D	0.1%
DINO	D	0.1%
FAF	A	0.1%
ARW	D	0.1%
VMI	B	0.1%
SITE	D	0.1%
AGCO	D	0.1%
RYAN	B	0.1%
AZEK	A	0.1%
PSN	D	0.09%
VVV	F	0.09%
MATX	C	0.09%
MMS	F	0.09%
FNB	A	0.09%
WTS	B	0.09%
TKR	D	0.09%
AN	C	0.09%
RDN	C	0.09%
JHG	A	0.09%
BC	C	0.09%
KD	B	0.09%
CRDO	B	0.09%
VRNS	D	0.09%
CHX	C	0.09%
LEA	D	0.09%
MOG.A	B	0.09%
BCPC	B	0.09%
IONS	F	0.09%
MMSI	B	0.09%
AMG	B	0.09%
PVH	C	0.09%
KNF	A	0.09%
IDA	A	0.09%
SIGI	C	0.09%
NFG	A	0.09%
TPG	A	0.09%
BPMC	C	0.09%
EPRT	B	0.09%
CFLT	B	0.09%
ALB	C	0.09%
U	C	0.09%
MDU	D	0.09%
ETSY	D	0.09%
OLLI	D	0.09%
KRG	B	0.09%
COKE	C	0.09%
WHR	B	0.09%
VNT	B	0.09%
ACA	A	0.08%
SKY	A	0.08%
SHAK	C	0.08%
PECO	A	0.08%
BDC	B	0.08%
RYN	D	0.08%
CUZ	B	0.08%
MC	C	0.08%
MARA	C	0.08%
RH	B	0.08%
XRAY	F	0.08%
OZK	B	0.08%
KRC	C	0.08%
HLNE	B	0.08%
KTB	B	0.08%
PIPR	B	0.08%
AVT	C	0.08%
MDGL	B	0.08%
EXPO	D	0.08%
HXL	D	0.08%
THG	A	0.08%
QTWO	A	0.08%
AUR	C	0.08%
POR	C	0.08%
SLG	B	0.08%
GATX	A	0.08%
HOMB	A	0.08%
HCP	B	0.08%
CELH	F	0.08%
ZWS	B	0.08%
FIVE	F	0.08%
FSS	B	0.08%
ZETA	D	0.08%
ITRI	B	0.08%
UBSI	B	0.08%
ROIV	C	0.08%
UGI	A	0.08%
RMBS	C	0.08%
ACIW	B	0.08%
PATH	C	0.08%
SON	D	0.08%
ICUI	D	0.07%
RKLB	B	0.07%
ZG	A	0.07%
OGS	A	0.07%
MAC	B	0.07%
LOPE	B	0.07%
VRRM	D	0.07%
ABCB	B	0.07%
EDR	A	0.07%
SFBS	B	0.07%
HASI	D	0.07%
AEIS	B	0.07%
MSGS	A	0.07%
LITE	B	0.07%
BKH	A	0.07%
ITGR	B	0.07%
QLYS	C	0.07%
AGO	B	0.07%
CRC	B	0.07%
CWAN	B	0.07%
EEFT	B	0.07%
FLO	D	0.07%
ALKS	B	0.07%
APPF	B	0.07%
RDNT	B	0.07%
CORT	B	0.07%
DLB	B	0.07%
WTM	A	0.07%
EAT	A	0.07%
FFIN	B	0.07%
BOX	B	0.07%
IRT	A	0.07%
LYFT	C	0.07%
DOCS	C	0.07%
PRCT	B	0.07%
AL	B	0.07%
SWX	B	0.07%
KRYS	B	0.07%
RARE	D	0.07%
TENB	C	0.07%
HWC	B	0.07%
MGY	A	0.07%
ORA	B	0.07%
PI	D	0.07%
SBRA	C	0.07%
UMBF	B	0.07%
NJR	A	0.07%
GTES	A	0.07%
LANC	C	0.06%
SLAB	D	0.06%
BGC	C	0.06%
NHI	D	0.06%
FOLD	F	0.06%
UCB	A	0.06%
YOU	D	0.06%
AUB	B	0.06%
ASB	B	0.06%
RIG	D	0.06%
IBOC	A	0.06%
ZI	D	0.06%
POWI	D	0.06%
EPR	D	0.06%
NOG	A	0.06%
CNO	A	0.06%
AEO	F	0.06%
STEP	B	0.06%
IAC	D	0.06%
TGTX	B	0.06%
CALM	A	0.06%
SR	A	0.06%
WD	D	0.06%
GMS	B	0.06%
JBT	B	0.06%
WDFC	B	0.06%
MSM	C	0.06%
HIW	D	0.06%
BROS	B	0.06%
DXC	B	0.06%
AXNX	C	0.06%
NVST	B	0.06%
HUN	F	0.06%
CHH	A	0.06%
CDP	C	0.06%
SKYW	B	0.06%
AXSM	B	0.06%
SKT	B	0.06%
WU	D	0.06%
RUSHA	C	0.06%
SANM	B	0.06%
HAE	C	0.06%
AX	A	0.06%
IIPR	D	0.06%
ASO	F	0.06%
GVA	A	0.06%
ESGR	B	0.06%
ALE	A	0.06%
PII	D	0.06%
NUVL	D	0.06%
UPST	B	0.06%
SMG	D	0.06%
FELE	B	0.06%
PEGA	A	0.06%
ACHC	F	0.06%
NEU	C	0.06%
IDCC	A	0.06%
HOG	D	0.06%
BOOT	D	0.06%
FTDR	A	0.06%
KMPR	B	0.06%
LRN	A	0.06%
HL	D	0.06%
SIG	B	0.06%
WK	B	0.06%
BLKB	B	0.06%
PLXS	B	0.06%
PNM	F	0.06%
DNB	B	0.06%
OPCH	D	0.06%
WHD	B	0.06%
PRGS	A	0.05%
CNS	B	0.05%
WAFD	B	0.05%
SFNC	B	0.05%
MPW	F	0.05%
ALIT	C	0.05%
ACLS	F	0.05%
NEOG	F	0.05%
DNLI	D	0.05%
GFF	A	0.05%
MGRC	B	0.05%
CRVL	A	0.05%
APLS	D	0.05%
TDW	F	0.05%
IOVA	F	0.05%
BOH	B	0.05%
BHF	B	0.05%
NSA	D	0.05%
PTON	B	0.05%
WSFS	A	0.05%
FORM	D	0.05%
AVA	A	0.05%
DORM	B	0.05%
BRC	D	0.05%
PJT	A	0.05%
DEI	B	0.05%
YETI	C	0.05%
MAN	D	0.05%
HP	B	0.05%
SATS	D	0.05%
MIR	A	0.05%
PENN	C	0.05%
PTEN	C	0.05%
SMPL	B	0.05%
NPO	A	0.05%
CWT	D	0.05%
RUN	F	0.05%
ADTN	A	0.05%
PTCT	B	0.05%
APAM	B	0.05%
AWR	B	0.05%
TDC	D	0.05%
AMED	F	0.05%
BL	B	0.05%
SHOO	D	0.05%
RDDT	B	0.05%
ENV	B	0.05%
OSCR	D	0.05%
IRDM	D	0.05%
SITM	B	0.05%
BTU	B	0.05%
HIMS	B	0.05%
CATY	B	0.05%
FBP	B	0.05%
FHB	A	0.05%
EBC	B	0.05%
PRIM	A	0.05%
SXT	B	0.05%
APLE	B	0.05%
COMP	B	0.05%
CBU	B	0.05%
AROC	B	0.05%
FHI	A	0.05%
NCNO	B	0.05%
ESE	B	0.05%
CHWY	B	0.05%
BEN	C	0.05%
KTOS	B	0.05%
MGEE	C	0.05%
CNK	B	0.05%
NWE	B	0.05%
PCH	D	0.05%
OTTR	C	0.05%
CBZ	B	0.05%
FULT	A	0.05%
WEN	D	0.05%
BBIO	F	0.05%
HCC	B	0.05%
SGBX	F	0.05%
BNL	D	0.05%
SMTC	B	0.05%
ABM	B	0.05%
SEM	B	0.05%
IVT	B	0.04%
TOWN	B	0.04%
IPAR	B	0.04%
B	B	0.04%
OSIS	B	0.04%
IPGP	D	0.04%
AZZ	B	0.04%
WERN	C	0.04%
YELP	C	0.04%
SXI	B	0.04%
JOBY	B	0.04%
DOCN	D	0.04%
AMBA	B	0.04%
SGRY	F	0.04%
BANR	B	0.04%
FIVN	C	0.04%
HNI	B	0.04%
CPRI	F	0.04%
KYMR	D	0.04%
OMCL	C	0.04%
TWST	D	0.04%
IRTC	D	0.04%
ASTH	D	0.04%
ARWR	F	0.04%
GT	C	0.04%
ENR	B	0.04%
PAYO	A	0.04%
AMR	C	0.04%
ENOV	C	0.04%
CDE	D	0.04%
PFS	B	0.04%
DV	C	0.04%
FFBC	A	0.04%
HBI	B	0.04%
ABR	C	0.04%
RNA	D	0.04%
CWEN	C	0.04%
CNXC	F	0.04%
ACVA	B	0.04%
VSCO	B	0.04%
GSHD	A	0.04%
BOKF	B	0.04%
SPB	C	0.04%
EPAC	B	0.04%
CRNX	C	0.04%
NARI	C	0.04%
VAC	B	0.04%
INTA	A	0.04%
VERX	B	0.04%
SHC	F	0.04%
HAYW	B	0.04%
PPBI	B	0.04%
ARCB	C	0.04%
FRSH	C	0.04%
VC	D	0.04%
ALRM	C	0.04%
PRK	B	0.04%
URBN	C	0.04%
ARCH	B	0.04%
SAM	C	0.04%
AGIO	C	0.04%
RIOT	C	0.04%
RPD	C	0.04%
MQ	F	0.04%
INDB	B	0.04%
HUBG	A	0.04%
LBRT	D	0.04%
WLK	D	0.04%
GH	B	0.04%
VIRT	B	0.04%
DIOD	D	0.04%
CARG	C	0.04%
FIBK	A	0.04%
CVBF	A	0.04%
FROG	C	0.04%
AKR	B	0.04%
EVH	F	0.04%
VCYT	B	0.04%
COLM	B	0.04%
TMDX	F	0.04%
RRR	D	0.04%
ALGM	D	0.04%
LCID	F	0.04%
LXP	D	0.04%
BKU	A	0.04%
NSP	D	0.04%
PBF	D	0.04%
TDS	B	0.04%
IOSP	B	0.04%
LCII	C	0.04%
UE	C	0.04%
UNF	B	0.04%
CC	C	0.04%
DBRG	F	0.04%
AI	B	0.04%
HMN	B	0.03%
LEG	F	0.03%
GTY	B	0.03%
HLIO	B	0.03%
NPAB	B	0.03%
ATRC	C	0.03%
CABO	C	0.03%
TDOC	C	0.03%
SCL	C	0.03%
PD	C	0.03%
MLKN	D	0.03%
RXRX	F	0.03%
GEF	A	0.03%
RAMP	C	0.03%
LZB	B	0.03%
AMC	C	0.03%
DDS	B	0.03%
FCF	A	0.03%
CVCO	A	0.03%
UAA	C	0.03%
TRIP	F	0.03%
TXG	F	0.03%
HEES	B	0.03%
BEAM	D	0.03%
CHCO	B	0.03%
ARVN	D	0.03%
MRCY	B	0.03%
VECO	F	0.03%
APOG	B	0.03%
NVCR	C	0.03%
TNC	D	0.03%
LTC	B	0.03%
PDCO	D	0.03%
MGNI	A	0.03%
DRH	B	0.03%
HE	C	0.03%
WOLF	F	0.03%
NWBI	B	0.03%
THS	D	0.03%
UPWK	B	0.03%
NBHC	B	0.03%
PZZA	D	0.03%
KAR	B	0.03%
PLUG	F	0.03%
TRUP	B	0.03%
NEO	C	0.03%
QS	F	0.03%
PRG	C	0.03%
GBX	A	0.03%
VSTS	C	0.03%
WSBC	A	0.03%
SUPN	C	0.03%
ALKT	B	0.03%
ACAD	D	0.03%
PCT	C	0.03%
BRZE	C	0.03%
CRGY	B	0.03%
LGND	B	0.03%
BE	B	0.03%
ROG	D	0.03%
VYX	B	0.03%
OFG	B	0.03%
MCY	A	0.03%
ROIC	A	0.03%
NATL	B	0.03%
MYGN	F	0.03%
AZTA	D	0.03%
CGON	F	0.03%
JJSF	B	0.03%
TRMK	B	0.03%
IMVT	F	0.03%
KAI	A	0.03%
PRVA	B	0.03%
KMT	B	0.03%
CALX	D	0.03%
BANF	B	0.03%
NBTB	B	0.03%
WLY	B	0.03%
SWTX	C	0.03%
SMMT	D	0.03%
EQC	B	0.03%
PINC	B	0.03%
STRA	C	0.03%
PSMT	C	0.03%
KWR	C	0.03%
FLYW	C	0.03%
SHO	C	0.03%
TNDM	F	0.03%
HURN	B	0.03%
FRME	B	0.03%
IBTX	B	0.03%
RNST	B	0.03%
MP	B	0.03%
EVTC	B	0.03%
LAUR	A	0.03%
CNMD	C	0.03%
MTRN	C	0.03%
RCM	F	0.03%
JOE	F	0.03%
VSH	D	0.03%
AIN	C	0.03%
CAKE	C	0.03%
INFA	D	0.03%
LGF.A	C	0.02%
SCSC	B	0.02%
CWEN	C	0.02%
SHLS	F	0.02%
EXTR	B	0.02%
BV	B	0.02%
OMI	F	0.02%
JACK	D	0.02%
ARRY	C	0.02%
RVLV	B	0.02%
BRKL	B	0.02%
DK	C	0.02%
DNUT	D	0.02%
DJT	C	0.02%
RWT	D	0.02%
AHCO	F	0.02%
MXL	C	0.02%
TFIN	A	0.02%
ODP	F	0.02%
MRC	B	0.02%
CARS	B	0.02%
AMRC	F	0.02%
WMK	C	0.02%
JBI	F	0.02%
ASAN	C	0.02%
EXPI	C	0.02%
INSW	F	0.02%
ROCK	C	0.02%
CMPR	D	0.02%
INVA	D	0.02%
SNDR	B	0.02%
NFE	D	0.02%
OPEN	D	0.02%
CBRL	C	0.02%
FIZZ	C	0.02%
ACT	D	0.02%
SDGR	C	0.02%
KFRC	D	0.02%
FBRT	C	0.02%
CSR	B	0.02%
VICR	B	0.02%
OXM	D	0.02%
HTLF	B	0.02%
KW	B	0.02%
SAFT	C	0.02%
RBRK	A	0.02%
PLMR	B	0.02%
CNNE	B	0.02%
MSGE	F	0.02%
KALU	C	0.02%
AIV	C	0.02%
UTZ	D	0.02%
CWH	B	0.02%
JELD	F	0.02%
IAS	C	0.02%
UNFI	A	0.02%
WOR	F	0.02%
PGNY	F	0.02%
GIII	D	0.02%
PLAY	D	0.02%
WWW	B	0.02%
BHLB	B	0.02%
PMT	D	0.02%
SABR	C	0.02%
BKD	D	0.02%
UNIT	B	0.02%
AMRX	C	0.02%
AESI	B	0.02%
ALHC	C	0.02%
UVV	B	0.02%
RDFN	D	0.02%
EIG	B	0.02%
PYCR	C	0.02%
CEIX	A	0.02%
PBI	B	0.02%
ARI	C	0.02%
CERT	F	0.02%
AAT	B	0.02%
DYN	F	0.02%
FDP	B	0.02%
PDM	D	0.02%
SPNT	A	0.02%
IART	C	0.02%
WS	B	0.02%
DNOW	B	0.02%
GO	C	0.02%
LMND	B	0.02%
SPT	C	0.02%
XPRO	F	0.02%
JAMF	F	0.02%
HRMY	D	0.02%
VRE	B	0.02%
BKE	B	0.02%
NNI	D	0.02%
LNN	B	0.02%
WABC	B	0.02%
CSGS	B	0.02%
REVG	B	0.02%
THRM	D	0.02%
VRNT	C	0.02%
LBRDA	C	0.02%
CAR	C	0.02%
MODG	F	0.02%
ALEX	C	0.02%
NTLA	F	0.02%
NX	C	0.02%
STBA	B	0.02%
ZUO	B	0.02%
ESRT	C	0.02%
HTH	B	0.02%
CODI	B	0.02%
APPN	B	0.02%
FLNC	C	0.02%
BLMN	F	0.02%
WT	B	0.02%
REYN	D	0.02%
HOPE	B	0.02%
NTCT	C	0.02%
STAA	F	0.02%
INFN	C	0.02%
ENVX	F	0.02%
VCTR	B	0.02%
TROX	D	0.02%
XNCR	B	0.02%
UPBD	B	0.02%
PEB	D	0.02%
XHR	B	0.02%
WRBY	B	0.02%
SMR	B	0.02%
HELE	C	0.02%
KN	B	0.02%
VRTS	B	0.02%
NVAX	F	0.02%
ANDE	D	0.02%
WKC	D	0.02%
JBGS	D	0.02%
NWN	A	0.02%
ELME	D	0.02%
BHE	B	0.02%
CENTA	C	0.02%
FOXF	F	0.02%
LC	A	0.02%
NHC	C	0.02%
SONO	C	0.02%
NVRI	F	0.01%
INN	D	0.01%
WRLD	C	0.01%
HGTY	B	0.01%
ADPT	C	0.01%
RMR	F	0.01%
SNCY	C	0.01%
EGBN	B	0.01%
RCUS	F	0.01%
EE	A	0.01%
PTVE	B	0.01%
FWRD	D	0.01%
OPK	C	0.01%
USNA	C	0.01%
TWKS	D	0.01%
ARHS	F	0.01%
CCO	C	0.01%
PAY	B	0.01%
CLBK	B	0.01%
ALX	D	0.01%
HTLD	B	0.01%
SANA	F	0.01%
BFS	C	0.01%
SCHL	D	0.01%
TR	B	0.01%
GDRX	F	0.01%
TILE	B	0.01%
CHPT	F	0.01%
GCMG	B	0.01%
LGF.A	C	0.01%
CAL	D	0.01%
PHR	F	0.01%
GES	F	0.01%
PX	A	0.01%
IBTA	C	0.01%
INST	C	0.01%
CTKB	C	0.01%
OLO	B	0.01%
SVC	F	0.01%
TGI	B	0.01%
IRWD	F	0.01%
ATUS	C	0.01%
DAWN	F	0.01%
ULCC	D	0.01%
RES	D	0.01%
CDNA	D	0.01%
CVI	F	0.01%
MAX	F	0.01%
NAPA	B	0.01%
LPRO	C	0.01%
RCKT	F	0.01%
ZIP	F	0.01%
MLNK	B	0.01%
UWMC	D	0.01%
PUBM	C	0.01%
BASE	C	0.01%
PUMP	B	0.01%
KELYA	F	0.01%
NRDS	C	0.01%
QXO	D	0.01%
HY	D	0.01%
UHAL	D	0.01%
AXL	C	0.01%
BGS	F	0.01%
LFST	C	0.01%
SEMR	B	0.01%
IBUY	A	0.01%
RGR	F	0.01%
KOP	C	0.01%
SWI	B	0.01%
LOB	B	0.01%
SEB	F	0.01%
VMEO	B	0.01%
BMBL	C	0.01%
MATW	C	0.01%
NOVA	F	0.01%
KREF	D	0.01%
PRLB	A	0.01%
FA	C	0.01%
ECVT	C	0.01%
AMWD	C	0.01%
HSTM	B	0.01%
SHEN	F	0.01%
PTLO	F	0.01%
TFSL	A	0.01%
ETWO	F	0.01%
ASTE	B	0.01%
MCW	B	0.01%
CFFN	B	0.01%
PCRX	C	0.01%
WNC	C	0.01%
YEXT	A	0.01%
CMTG	F	0.01%
TMP	B	0.01%
FG	B	0.01%
PRA	C	0.01%
COUR	F	0.01%
RSI	B	0.01%
UDMY	F	0.01%
GRC	A	0.01%
MNRO	D	0.01%
HAIN	C	0.01%
AGL	F	0.01%
NABL	F	0.01%
BRSP	B	0.01%
SSTK	F	0.01%
MATV	D	0.01%
GSAT	C	0.01%
HCSG	C	0.01%
EMBC	C	0.01%
FIGS	F	0.01%
BJRI	B	0.01%
EYE	C	0.01%
VIR	D	0.01%
CXM	C	0.01%
BCRX	D	0.01%
DLX	B	0.01%
VZIO	A	0.01%
PRO	C	0.01%
CRK	B	0.01%
DRVN	B	0.01%
AVNS	F	0.01%
RLAY	F	0.01%
XMTR	C	0.01%
MMI	B	0.01%
THR	B	0.01%
CLB	B	0.01%
MRVI	F	0.01%
PGRE	F	0.01%
FSLY	D	0.01%
CENX	B	0.01%
XRX	F	0.01%
SCWX	B	0.0%
AC	C	0.0%
ZNTL	F	0.0%
ACDC	C	0.0%
GEF	A	0.0%
PRME	F	0.0%
INNV	F	0.0%
LAZR	F	0.0%
LDI	C	0.0%
NUS	D	0.0%
ANGI	D	0.0%
BIGC	C	0.0%
BRCC	F	0.0%
SAGE	F	0.0%
OLPX	D	0.0%
GOGO	C	0.0%
RGNX	F	0.0%
DH	D	0.0%
TASK	C	0.0%
DIN	C	0.0%
PL	A	0.0%
LESL	C	0.0%
ANAB	F	0.0%
BOWL	C	0.0%
RUSHB	B	0.0%
HPK	B	0.0%
ENFN	A	0.0%
CMP	C	0.0%
AMBC	C	0.0%
KRO	D	0.0%
CRSR	C	0.0%
VREX	C	0.0%
SWBI	C	0.0%
CNDT	C	0.0%
TRTX	B	0.0%
LASR	D	0.0%
CRCT	F	0.0%
WOOF	D	0.0%

VB Underweight 56 Positions Relative to HYBB

Symbol	Grade	Weight
WDC	D	-0.33%
INGM	F	-0.29%
CCL	B	-0.29%
UAL	A	-0.27%
SBAC	D	-0.2%
GTN	F	-0.2%
TLN	B	-0.19%
TDG	D	-0.16%
VST	B	-0.15%
PCG	A	-0.14%
RBLX	C	-0.13%
SQ	B	-0.13%
VRT	B	-0.12%
SYF	B	-0.11%
IGT	F	-0.11%
AVTR	F	-0.11%
DTE	C	-0.11%
BALL	D	-0.1%
ADT	C	-0.1%
CRWD	B	-0.1%
ON	D	-0.1%
MOH	F	-0.09%
GEN	B	-0.09%
IEP	F	-0.09%
GDDY	A	-0.09%
ADNT	F	-0.08%
IQV	D	-0.08%
NEP	F	-0.08%
ACCO	C	-0.08%
DO	D	-0.08%
SNEX	B	-0.08%
ZBRA	B	-0.08%
FCFS	F	-0.07%
LYV	A	-0.07%
FTAI	B	-0.07%
HLT	A	-0.07%
URI	B	-0.07%
NWSA	B	-0.07%
ARLP	A	-0.07%
EIX	B	-0.07%
IRM	D	-0.07%
HOLX	D	-0.06%
CHTR	C	-0.06%
HESM	B	-0.06%
VNOM	A	-0.06%
ET	A	-0.06%
CCS	D	-0.06%
SXC	A	-0.06%
WGO	C	-0.05%
SUN	B	-0.05%
BSIG	A	-0.04%
IMKTA	C	-0.04%
YUM	B	-0.04%
STX	D	-0.04%
RCL	A	-0.04%
CSTM	F	-0.03%