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

$253.20

Average Daily Volume

582,984

Number of Holdings ^*

1303

* 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

$46.52

Average Daily Volume

51,445

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

Performance

Period	VB	HYBB
30 Days	5.94%	-0.08%
60 Days	10.07%	-0.71%
90 Days	14.63%	0.99%
12 Months	40.30%	9.23%

202 Overlapping Holdings

Symbol	Grade	Weight in VB	Weight in HYBB	Overlap
AA	C	0.16%	0.06%	0.06%
AAL	B	0.12%	0.11%	0.11%
AAP	D	0.04%	0.03%	0.03%
ABG	B	0.08%	0.05%	0.05%
ACI	C	0.1%	0.08%	0.08%
ACM	B	0.23%	0.14%	0.14%
AES	F	0.23%	0.05%	0.05%
AIR	C	0.04%	0.09%	0.04%
AIZ	A	0.17%	0.06%	0.06%
ALGT	B	0.01%	0.08%	0.01%
ALLY	C	0.16%	0.07%	0.07%
ALSN	B	0.14%	0.05%	0.05%
AM	B	0.08%	0.09%	0.08%
AMCX	C	0.0%	0.13%	0.0%
AMKR	F	0.06%	0.08%	0.06%
AMN	F	0.03%	0.05%	0.03%
AR	B	0.14%	0.05%	0.05%
ASGN	B	0.06%	0.09%	0.06%
ASH	F	0.07%	0.05%	0.05%
ATGE	B	0.04%	0.07%	0.04%
ATKR	C	0.05%	0.06%	0.05%
ATSG	A	0.02%	0.09%	0.02%
AVNT	B	0.07%	0.09%	0.07%
AXTA	B	0.13%	0.08%	0.08%
BBWI	C	0.11%	0.04%	0.04%
BCC	B	0.09%	0.06%	0.06%
BCO	F	0.08%	0.06%	0.06%
BDN	D	0.01%	0.04%	0.01%
BECN	B	0.09%	0.04%	0.04%
BERY	C	0.12%	0.03%	0.03%
BFH	B	0.04%	0.14%	0.04%
BLD	F	0.2%	0.05%	0.05%
BLDR	D	0.37%	0.08%	0.08%
BWXT	A	0.16%	0.06%	0.06%
BXMT	C	0.05%	0.05%	0.05%
BYD	A	0.07%	0.12%	0.07%
CACC	F	0.03%	0.06%	0.03%
CCK	B	0.19%	0.06%	0.06%
CCOI	C	0.05%	0.06%	0.05%
CENT	C	0.0%	0.04%	0.0%
CHRD	F	0.13%	0.04%	0.04%
CIEN	B	0.14%	0.06%	0.06%
CIVI	F	0.08%	0.06%	0.06%
CLF	D	0.1%	0.05%	0.05%
CLH	B	0.19%	0.04%	0.04%
CMC	B	0.1%	0.04%	0.04%
CNX	B	0.08%	0.06%	0.06%
COHR	B	0.22%	0.14%	0.14%
COOP	B	0.09%	0.07%	0.07%
COTY	F	0.05%	0.07%	0.05%
CRI	F	0.04%	0.08%	0.04%
CRL	C	0.17%	0.06%	0.06%
CRS	B	0.12%	0.05%	0.05%
CWK	B	0.05%	0.09%	0.05%
CXT	D	0.04%	0.04%	0.04%
CXW	B	0.02%	0.08%	0.02%
CZR	D	0.14%	0.22%	0.14%
DAN	F	0.02%	0.05%	0.02%
DAR	B	0.1%	0.07%	0.07%
DFH	F	0.01%	0.05%	0.01%
DVA	C	0.11%	0.14%	0.11%
DY	C	0.09%	0.07%	0.07%
ECPG	B	0.02%	0.08%	0.02%
EHC	B	0.16%	0.05%	0.05%
ENS	D	0.07%	0.04%	0.04%
ENTG	D	0.28%	0.05%	0.05%
EPC	F	0.03%	0.07%	0.03%
ESAB	B	0.1%	0.11%	0.1%
ESI	B	0.1%	0.12%	0.1%
ESTC	C	0.11%	0.08%	0.08%
FL	D	0.04%	0.05%	0.04%
FLR	C	0.13%	0.08%	0.08%
FOR	F	0.01%	0.04%	0.01%
FOUR	B	0.09%	0.05%	0.05%
FTRE	D	0.03%	0.09%	0.03%
FUL	F	0.07%	0.04%	0.04%
GAP	C	0.09%	0.1%	0.09%
GEO	B	0.03%	0.09%	0.03%
GHC	B	0.04%	0.07%	0.04%
GNL	D	0.03%	0.08%	0.03%
GNW	A	0.05%	0.04%	0.04%
GOLF	B	0.03%	0.05%	0.03%
GPI	B	0.08%	0.07%	0.07%
GPK	D	0.14%	0.04%	0.04%
GTLS	A	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	D	0.01%	0.06%	0.01%
HPP	F	0.01%	0.04%	0.01%
HRI	B	0.07%	0.12%	0.07%
HTZ	D	0.01%	0.12%	0.01%
IBP	F	0.1%	0.05%	0.05%
JAZZ	B	0.11%	0.19%	0.11%
JBLU	D	0.03%	0.3%	0.03%
JWN	B	0.05%	0.05%	0.05%
KBH	D	0.09%	0.04%	0.04%
KBR	B	0.14%	0.04%	0.04%
KFY	B	0.06%	0.07%	0.06%
KNTK	B	0.03%	0.12%	0.03%
KSS	F	0.04%	0.04%	0.04%
LAD	B	0.14%	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	F	0.04%	0.04%	0.04%
LPX	A	0.11%	0.05%	0.05%
LTH	D	0.03%	0.07%	0.03%
LW	C	0.15%	0.08%	0.08%
M	D	0.07%	0.02%	0.02%
MD	B	0.02%	0.07%	0.02%
MGM	F	0.07%	0.06%	0.06%
MHO	D	0.04%	0.04%	0.04%
MTDR	C	0.09%	0.08%	0.08%
MTN	D	0.11%	0.09%	0.09%
MTX	B	0.04%	0.06%	0.04%
MUR	F	0.08%	0.05%	0.05%
MUSA	B	0.15%	0.04%	0.04%
MWA	B	0.05%	0.07%	0.05%
NAVI	C	0.02%	0.07%	0.02%
NCLH	A	0.15%	0.07%	0.07%
NGVT	B	0.02%	0.07%	0.02%
NMRK	B	0.03%	0.08%	0.03%
NRG	B	0.31%	0.06%	0.06%
NSIT	F	0.11%	0.07%	0.07%
NWL	B	0.05%	0.06%	0.05%
NXST	C	0.08%	0.13%	0.08%
OGN	F	0.08%	0.08%	0.08%
OI	D	0.03%	0.05%	0.03%
OII	B	0.04%	0.05%	0.04%
OLN	D	0.09%	0.07%	0.07%
OMF	B	0.09%	0.03%	0.03%
OUT	C	0.04%	0.08%	0.04%
PAG	C	0.05%	0.07%	0.05%
PARA	C	0.09%	0.08%	0.08%
PBH	A	0.06%	0.06%	0.06%
PFGC	B	0.2%	0.14%	0.14%
PFSI	D	0.05%	0.07%	0.05%
PHIN	B	0.03%	0.07%	0.03%
PK	B	0.05%	0.09%	0.05%
POST	D	0.09%	0.15%	0.09%
PPC	B	0.03%	0.08%	0.03%
PR	B	0.14%	0.05%	0.05%
PRAA	C	0.01%	0.04%	0.01%
PRGO	C	0.06%	0.04%	0.04%
PTC	B	0.34%	0.07%	0.07%
REZI	A	0.05%	0.04%	0.04%
RHP	B	0.1%	0.06%	0.06%
RLJ	C	0.02%	0.07%	0.02%
RNG	C	0.04%	0.07%	0.04%
RRC	B	0.12%	0.06%	0.06%
RXO	C	0.06%	0.06%	0.06%
SAH	B	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	0.08%	0.14%	0.08%
SLGN	A	0.07%	0.09%	0.07%
SLM	B	0.08%	0.08%	0.08%
SM	C	0.07%	0.06%	0.06%
SPR	F	0.06%	0.04%	0.04%
SRCL	B	0.01%	0.08%	0.01%
SRCL	B	0.09%	0.08%	0.08%
ST	F	0.09%	0.06%	0.06%
STWD	D	0.11%	0.05%	0.05%
SYNA	D	0.05%	0.05%	0.05%
TCBI	A	0.05%	0.06%	0.05%
TEX	C	0.05%	0.09%	0.05%
TFX	F	0.19%	0.07%	0.07%
TGNA	B	0.04%	0.07%	0.04%
THC	B	0.26%	0.08%	0.08%
THO	B	0.09%	0.08%	0.08%
TMHC	C	0.11%	0.06%	0.06%
TNET	D	0.05%	0.07%	0.05%
TNL	A	0.05%	0.04%	0.04%
TPH	D	0.07%	0.05%	0.05%
TPX	C	0.15%	0.1%	0.1%
TRN	A	0.05%	0.1%	0.05%
TRS	B	0.02%	0.06%	0.02%
TTMI	A	0.03%	0.06%	0.03%
TWLO	B	0.15%	0.06%	0.06%
UA	B	0.02%	0.07%	0.02%
USM	B	0.01%	0.1%	0.01%
VAL	F	0.06%	0.17%	0.06%
VFC	C	0.13%	0.04%	0.04%
VIAV	B	0.03%	0.05%	0.03%
VLY	B	0.06%	0.04%	0.04%
VNO	C	0.12%	0.05%	0.05%
VSAT	F	0.02%	0.09%	0.02%
VSTO	A	0.02%	0.06%	0.02%
W	F	0.08%	0.11%	0.08%
WAL	B	0.15%	0.09%	0.09%
WBA	D	0.05%	0.03%	0.03%
WCC	B	0.13%	0.12%	0.12%
WFRD	D	0.1%	0.25%	0.1%
WH	A	0.1%	0.08%	0.08%
WMS	F	0.2%	0.06%	0.06%
X	B	0.12%	0.04%	0.04%
XPO	B	0.19%	0.08%	0.08%
ZD	B	0.04%	0.07%	0.04%

VB Overweight 1101 Positions Relative to HYBB

Symbol	Grade	Weight
AXON	B	0.47%
SW	C	0.42%
DECK	B	0.4%
ATO	A	0.35%
CSL	C	0.34%
BAH	C	0.34%
EME	B	0.33%
LII	B	0.32%
WSM	F	0.32%
FCNCA	B	0.32%
DKNG	B	0.29%
HOOD	B	0.28%
WSO	A	0.28%
MANH	C	0.28%
TOL	B	0.26%
RS	B	0.26%
UTHR	B	0.26%
PNR	B	0.26%
TRGP	A	0.26%
IEX	B	0.26%
GWRE	A	0.25%
DT	C	0.25%
OC	B	0.25%
PSTG	D	0.25%
RPM	B	0.25%
KIM	B	0.25%
APP	A	0.24%
MSTR	A	0.24%
GGG	B	0.24%
RBA	B	0.24%
NTNX	B	0.24%
NTRA	B	0.24%
USFD	A	0.24%
FIX	B	0.23%
CASY	A	0.23%
RNR	D	0.23%
RGA	A	0.23%
GLPI	D	0.22%
EQH	B	0.22%
NDSN	B	0.22%
BG	D	0.22%
ERIE	F	0.22%
TTEK	C	0.21%
FND	F	0.21%
TECH	C	0.21%
ALLE	D	0.21%
DOCU	A	0.21%
JLL	C	0.21%
FFIV	B	0.21%
JNPR	C	0.21%
JKHY	C	0.21%
JBL	B	0.21%
UHS	D	0.21%
EMN	D	0.21%
REG	B	0.21%
CPT	D	0.21%
PCVX	D	0.21%
KMX	C	0.2%
CUBE	D	0.2%
WING	D	0.2%
ITT	A	0.2%
SJM	F	0.2%
CHRW	B	0.2%
HST	C	0.2%
INSM	D	0.2%
EXAS	F	0.2%
CW	B	0.2%
BXP	D	0.19%
EWBC	A	0.19%
DKS	D	0.19%
HUBB	B	0.19%
SAIA	B	0.19%
NBIX	C	0.19%
NVT	B	0.19%
TOST	A	0.19%
TXRH	B	0.19%
IPG	F	0.19%
AMH	D	0.19%
ELS	C	0.19%
EPAM	C	0.18%
AOS	F	0.18%
TPR	B	0.18%
EQT	A	0.18%
LECO	B	0.18%
BJ	B	0.18%
LDOS	A	0.18%
RRX	C	0.18%
SFM	B	0.18%
FBIN	F	0.18%
CACI	B	0.18%
SRPT	F	0.18%
AFG	B	0.17%
ARMK	C	0.17%
WWD	B	0.17%
CVNA	B	0.17%
ONTO	F	0.17%
REXR	F	0.17%
KNSL	C	0.17%
HII	D	0.17%
CTLT	C	0.17%
OHI	B	0.17%
LKQ	D	0.17%
ATR	A	0.17%
FTI	B	0.17%
RIVN	F	0.16%
GNRC	B	0.16%
HAS	D	0.16%
FRT	C	0.16%
SOLV	C	0.16%
EXP	B	0.16%
MTCH	F	0.16%
QRVO	F	0.16%
TAP	B	0.16%
CG	B	0.16%
DUOL	B	0.16%
PNW	B	0.16%
OWL	B	0.16%
OVV	C	0.16%
CHDN	C	0.15%
INGR	B	0.15%
PRI	A	0.15%
LBRDK	B	0.15%
TTC	D	0.15%
CHE	D	0.15%
WYNN	F	0.15%
APA	F	0.15%
EGP	D	0.15%
SF	A	0.15%
MKTX	C	0.15%
DAY	B	0.15%
RGLD	C	0.15%
EVR	B	0.15%
HSIC	F	0.15%
STLD	B	0.15%
AFRM	A	0.15%
IOT	B	0.15%
OLED	F	0.15%
WTRG	B	0.15%
ROKU	C	0.15%
GL	B	0.15%
FHN	B	0.14%
ATI	D	0.14%
HLI	B	0.14%
BRX	B	0.14%
MLI	B	0.14%
AYI	A	0.14%
TKO	D	0.14%
MOS	D	0.14%
FN	B	0.14%
AIT	A	0.14%
CNM	D	0.14%
PAYC	B	0.14%
WEX	D	0.14%
MHK	D	0.14%
TPL	A	0.14%
NYT	C	0.14%
RBC	B	0.14%
GME	C	0.14%
UNM	A	0.14%
FYBR	D	0.14%
JEF	B	0.14%
SKX	F	0.14%
HRB	D	0.14%
DCI	A	0.14%
MORN	A	0.14%
NNN	F	0.14%
CR	B	0.13%
SNX	C	0.13%
Z	B	0.13%
NI	A	0.13%
VOYA	A	0.13%
MTZ	B	0.13%
SWN	C	0.13%
BRBR	A	0.13%
RGEN	D	0.13%
CMA	B	0.13%
WBS	B	0.13%
DOC	C	0.13%
COLD	F	0.13%
LNW	C	0.13%
SSD	D	0.13%
GMED	B	0.13%
SEIC	A	0.13%
BFAM	F	0.13%
PODD	B	0.13%
APG	B	0.13%
CROX	F	0.13%
FCN	D	0.13%
AGNC	D	0.13%
ENSG	C	0.13%
FMC	F	0.13%
ORI	A	0.13%
OGE	B	0.13%
BWA	B	0.13%
MEDP	D	0.13%
KNX	B	0.13%
KEX	A	0.12%
STAG	F	0.12%
HQY	A	0.12%
SAIC	B	0.12%
ANF	D	0.12%
PEN	B	0.12%
PNFP	B	0.12%
LUMN	B	0.12%
WTFC	A	0.12%
DINO	D	0.12%
TREX	C	0.12%
HALO	B	0.12%
BPOP	C	0.12%
ELAN	D	0.12%
SMAR	B	0.12%
SPSC	D	0.12%
LSCC	C	0.12%
MKSI	D	0.12%
BRKR	F	0.12%
ITCI	B	0.12%
RL	B	0.12%
FR	D	0.12%
SSB	B	0.12%
MTH	D	0.12%
UDR	D	0.12%
MIDD	C	0.12%
IVZ	C	0.12%
SOFI	B	0.12%
ADC	B	0.12%
UFPI	B	0.12%
LNTH	F	0.12%
DTM	A	0.12%
MAT	C	0.11%
TRNO	D	0.11%
BIO	C	0.11%
ESNT	D	0.11%
H	C	0.11%
OSK	B	0.11%
PB	A	0.11%
LFUS	D	0.11%
MOD	C	0.11%
S	B	0.11%
MSA	D	0.11%
FRPT	B	0.11%
CRUS	F	0.11%
COKE	D	0.11%
MTG	D	0.11%
VKTX	D	0.11%
RHI	B	0.11%
LSTR	B	0.11%
CVLT	B	0.11%
WSC	F	0.11%
RLI	A	0.11%
EVRG	A	0.11%
AZEK	B	0.11%
GKOS	A	0.11%
FLS	B	0.11%
SITE	C	0.11%
RVMD	B	0.11%
GNTX	C	0.11%
POOL	D	0.11%
JXN	B	0.11%
PLNT	B	0.11%
PCTY	A	0.11%
CBSH	A	0.11%
CGNX	B	0.11%
ZION	B	0.11%
G	B	0.11%
AAON	B	0.11%
UHAL	C	0.11%
EXEL	B	0.11%
ARW	F	0.11%
VMI	B	0.1%
EXPO	D	0.1%
EXLS	A	0.1%
BPMC	B	0.1%
WHR	B	0.1%
OLLI	D	0.1%
ONB	A	0.1%
EPRT	C	0.1%
R	B	0.1%
VRNS	D	0.1%
AXS	B	0.1%
AN	D	0.1%
ETSY	C	0.1%
SNV	B	0.1%
CSWI	B	0.1%
CBT	B	0.1%
CWST	B	0.1%
LEA	F	0.1%
ELF	C	0.1%
AGCO	F	0.1%
CYTK	C	0.1%
GXO	B	0.1%
U	D	0.1%
NOV	D	0.1%
INSP	D	0.1%
PCOR	B	0.1%
RYAN	B	0.1%
MASI	B	0.1%
NOVT	C	0.1%
BMI	B	0.1%
MTSI	B	0.1%
CFR	B	0.1%
FAF	D	0.1%
MDU	F	0.09%
KD	B	0.09%
TKR	F	0.09%
ACIW	B	0.09%
PATH	C	0.09%
BILL	A	0.09%
OPCH	F	0.09%
LNC	B	0.09%
SON	F	0.09%
UGI	D	0.09%
ALTR	C	0.09%
VVV	B	0.09%
ZETA	C	0.09%
INCY	B	0.09%
MMSI	A	0.09%
COLB	B	0.09%
XRAY	F	0.09%
IDA	A	0.09%
AUR	C	0.09%
NFG	C	0.09%
BC	D	0.09%
ALB	C	0.09%
ACHC	F	0.09%
MMS	C	0.09%
PVH	C	0.09%
AVAV	C	0.09%
SIGI	B	0.09%
WTS	B	0.09%
IONS	F	0.09%
ALK	A	0.09%
BCPC	B	0.09%
FSS	C	0.09%
DBX	B	0.09%
CHX	D	0.09%
AWI	A	0.09%
MOG.A	B	0.09%
GTLB	C	0.09%
CADE	B	0.09%
KRG	B	0.09%
IRT	B	0.08%
PECO	B	0.08%
RDNT	B	0.08%
FIVE	F	0.08%
ACA	B	0.08%
OZK	B	0.08%
DOCS	B	0.08%
NJR	B	0.08%
KRYS	B	0.08%
TPG	B	0.08%
GATX	B	0.08%
CPRI	F	0.08%
CTRE	C	0.08%
PIPR	B	0.08%
BDC	B	0.08%
AVT	C	0.08%
MATX	B	0.08%
RYN	F	0.08%
THG	A	0.08%
SUM	B	0.08%
ITRI	B	0.08%
MC	B	0.08%
JHG	B	0.08%
RARE	F	0.08%
HOMB	A	0.08%
APPF	B	0.08%
HCP	A	0.08%
SKY	C	0.08%
ZWS	B	0.08%
RH	B	0.08%
POR	D	0.08%
PSN	A	0.08%
TMDX	F	0.08%
UBSI	B	0.08%
AMG	C	0.08%
HXL	D	0.08%
KNF	C	0.08%
FNB	A	0.08%
BOOT	D	0.08%
CELH	F	0.08%
ROIV	D	0.08%
PI	D	0.08%
GBCI	B	0.08%
VNT	B	0.08%
RDN	C	0.08%
HASI	F	0.07%
WU	F	0.07%
CWAN	B	0.07%
FELE	B	0.07%
ABCB	B	0.07%
LITE	B	0.07%
CORT	B	0.07%
HAE	B	0.07%
GTES	B	0.07%
WTM	A	0.07%
LOPE	B	0.07%
ASO	F	0.07%
OGS	B	0.07%
ICUI	C	0.07%
CRC	B	0.07%
EEFT	C	0.07%
BKH	B	0.07%
NUVL	D	0.07%
ZG	B	0.07%
CFLT	B	0.07%
CRDO	B	0.07%
VRRM	F	0.07%
LYFT	B	0.07%
UMBF	B	0.07%
SBRA	B	0.07%
ITGR	B	0.07%
MGY	B	0.07%
SIG	B	0.07%
BLKB	C	0.07%
FLO	F	0.07%
PII	F	0.07%
ORA	C	0.07%
HWC	B	0.07%
HLNE	B	0.07%
CUZ	C	0.07%
SWX	B	0.07%
QLYS	C	0.07%
FFIN	B	0.07%
SLG	C	0.07%
BOX	B	0.07%
MARA	C	0.07%
AL	B	0.07%
KRC	C	0.07%
RMBS	C	0.07%
KTB	B	0.07%
HOG	F	0.07%
DLB	C	0.07%
QTWO	B	0.07%
TENB	D	0.07%
ALKS	B	0.07%
TDW	F	0.06%
NVST	C	0.06%
RUSHA	B	0.06%
AX	B	0.06%
SXT	B	0.06%
NPO	B	0.06%
LANC	B	0.06%
CDP	C	0.06%
ACLS	F	0.06%
PEGA	A	0.06%
SMTC	B	0.06%
BROS	B	0.06%
GVA	B	0.06%
UCB	B	0.06%
FBP	B	0.06%
YETI	C	0.06%
MAN	F	0.06%
WDFC	A	0.06%
NWE	C	0.06%
LRN	B	0.06%
MPW	F	0.06%
CHWY	B	0.06%
CNO	B	0.06%
HIW	D	0.06%
PCH	F	0.06%
SANM	B	0.06%
GMS	B	0.06%
AXNX	A	0.06%
IDCC	A	0.06%
FORM	D	0.06%
BNL	D	0.06%
BBIO	F	0.06%
RKLB	B	0.06%
SEM	B	0.06%
SKT	A	0.06%
WD	C	0.06%
POWI	C	0.06%
AXSM	B	0.06%
FTDR	B	0.06%
ESGR	C	0.06%
NHI	C	0.06%
SR	C	0.06%
SMG	C	0.06%
ALE	A	0.06%
EPR	D	0.06%
PLXS	B	0.06%
SLAB	F	0.06%
KMPR	A	0.06%
DXC	B	0.06%
DNB	B	0.06%
IIPR	F	0.06%
RUN	F	0.06%
MSGS	B	0.06%
WK	B	0.06%
MSM	B	0.06%
IAC	F	0.06%
MDGL	B	0.06%
SHAK	B	0.06%
MAC	B	0.06%
OSCR	F	0.06%
EDR	C	0.06%
PNM	B	0.06%
SFBS	B	0.06%
PRCT	B	0.06%
AEO	F	0.06%
AEIS	B	0.06%
WHD	B	0.06%
NEU	C	0.06%
HUN	F	0.06%
AGO	B	0.06%
HL	D	0.06%
AIN	D	0.05%
TNDM	F	0.05%
ACVA	C	0.05%
ADTN	B	0.05%
LXP	D	0.05%
IOSP	B	0.05%
DIOD	F	0.05%
WAFD	B	0.05%
LBRT	D	0.05%
CNXC	F	0.05%
PTCT	B	0.05%
PJT	B	0.05%
PENN	B	0.05%
PRGS	A	0.05%
WLK	F	0.05%
PBF	F	0.05%
LCII	D	0.05%
TDC	D	0.05%
ALGM	F	0.05%
DORM	B	0.05%
DEI	C	0.05%
CATY	B	0.05%
SQSP	A	0.05%
FHI	A	0.05%
FHB	B	0.05%
SATS	C	0.05%
PRIM	B	0.05%
ALIT	B	0.05%
NSP	F	0.05%
CALM	A	0.05%
UNF	B	0.05%
APLS	F	0.05%
PTEN	D	0.05%
WSFS	A	0.05%
WEN	C	0.05%
APAM	B	0.05%
CC	D	0.05%
UPST	B	0.05%
AVA	D	0.05%
CBU	B	0.05%
YOU	C	0.05%
CNK	A	0.05%
HIMS	B	0.05%
CRVL	B	0.05%
BL	B	0.05%
COMP	B	0.05%
ASB	B	0.05%
GFF	C	0.05%
ENV	B	0.05%
AWR	B	0.05%
EVH	F	0.05%
DNLI	B	0.05%
SMPL	B	0.05%
JBT	C	0.05%
AMED	F	0.05%
BEN	C	0.05%
FOLD	D	0.05%
SITM	B	0.05%
BTU	C	0.05%
EBC	B	0.05%
CWT	D	0.05%
BRC	B	0.05%
ZI	C	0.05%
CBZ	B	0.05%
APLE	B	0.05%
SKYW	B	0.05%
IRDM	C	0.05%
SGBX	F	0.05%
AROC	B	0.05%
TGTX	B	0.05%
EAT	A	0.05%
OTTR	C	0.05%
LCID	F	0.05%
STEP	B	0.05%
NEOG	D	0.05%
BGC	B	0.05%
NSA	D	0.05%
FULT	B	0.05%
MGEE	A	0.05%
ABM	B	0.05%
ESE	B	0.05%
KTOS	B	0.05%
HCC	C	0.05%
IBOC	B	0.05%
RIG	D	0.05%
NOG	B	0.05%
SHOO	D	0.05%
AUB	B	0.05%
CHH	B	0.05%
STRA	C	0.04%
SXI	B	0.04%
TOWN	B	0.04%
EVTC	B	0.04%
CALX	F	0.04%
AMBA	B	0.04%
MQ	F	0.04%
CNMD	C	0.04%
YELP	C	0.04%
DOCN	D	0.04%
MIR	C	0.04%
PSMT	D	0.04%
AZTA	D	0.04%
KWR	C	0.04%
VERX	B	0.04%
WERN	B	0.04%
EPAC	B	0.04%
ENR	B	0.04%
IPAR	C	0.04%
TXG	F	0.04%
KYMR	B	0.04%
ARWR	C	0.04%
FFBC	B	0.04%
DV	C	0.04%
PFS	B	0.04%
HAYW	C	0.04%
VAC	B	0.04%
IRTC	C	0.04%
MTRN	B	0.04%
INTA	B	0.04%
AZZ	B	0.04%
BOKF	B	0.04%
VSH	F	0.04%
MYGN	F	0.04%
CVBF	B	0.04%
ARCH	B	0.04%
SMMT	D	0.04%
JOE	F	0.04%
INDB	B	0.04%
ENOV	C	0.04%
HNI	B	0.04%
PPBI	B	0.04%
FRSH	C	0.04%
PRK	B	0.04%
ASTH	F	0.04%
DBRG	F	0.04%
HBI	B	0.04%
OSIS	C	0.04%
SGRY	D	0.04%
CDE	D	0.04%
AKR	C	0.04%
ABR	B	0.04%
CARG	A	0.04%
BOH	B	0.04%
RPD	C	0.04%
SAM	B	0.04%
TWST	C	0.04%
GT	C	0.04%
VIRT	B	0.04%
AGIO	B	0.04%
SPB	A	0.04%
CWEN	D	0.04%
RNA	B	0.04%
ALRM	C	0.04%
ARCB	C	0.04%
IOVA	D	0.04%
FIBK	B	0.04%
FROG	C	0.04%
SFNC	B	0.04%
MGRC	B	0.04%
UE	B	0.04%
SHC	D	0.04%
AMR	C	0.04%
VCYT	B	0.04%
VC	D	0.04%
PRFT	A	0.04%
HUBG	B	0.04%
CNS	B	0.04%
COLM	B	0.04%
GH	B	0.04%
URBN	C	0.04%
AI	C	0.04%
HP	C	0.04%
BKU	B	0.04%
BHF	B	0.04%
NCNO	B	0.04%
RRR	F	0.04%
APOG	B	0.03%
GO	D	0.03%
ELME	D	0.03%
GTY	B	0.03%
NWN	B	0.03%
ALKT	C	0.03%
VRNT	D	0.03%
RAMP	C	0.03%
TDOC	C	0.03%
CABO	C	0.03%
GEF	A	0.03%
UPBD	B	0.03%
HLIO	B	0.03%
HE	F	0.03%
PTON	B	0.03%
PEB	D	0.03%
LTC	A	0.03%
PD	C	0.03%
NBHC	B	0.03%
CENTA	C	0.03%
CRGY	B	0.03%
ANDE	D	0.03%
RXRX	C	0.03%
SUPN	B	0.03%
REYN	D	0.03%
CHCO	B	0.03%
NHC	B	0.03%
AMC	C	0.03%
DDS	C	0.03%
SCL	C	0.03%
FCF	B	0.03%
UAA	B	0.03%
CVCO	B	0.03%
NPAB	F	0.03%
WSBC	B	0.03%
NVCR	C	0.03%
NWBI	B	0.03%
XPRO	F	0.03%
DRH	B	0.03%
RDDT	B	0.03%
MLKN	D	0.03%
FOXF	F	0.03%
LEG	F	0.03%
PDCO	D	0.03%
TROX	F	0.03%
WKC	D	0.03%
LGND	B	0.03%
MCY	B	0.03%
TRMK	B	0.03%
PZZA	D	0.03%
LZB	C	0.03%
TNC	F	0.03%
BEAM	C	0.03%
STAA	F	0.03%
KAR	A	0.03%
B	B	0.03%
CAKE	B	0.03%
MGNI	A	0.03%
MRCY	B	0.03%
IMVT	D	0.03%
BRZE	C	0.03%
VECO	F	0.03%
NEO	C	0.03%
ROIC	A	0.03%
BANF	B	0.03%
ACAD	C	0.03%
NVAX	F	0.03%
FLYW	C	0.03%
HURN	B	0.03%
CRNX	B	0.03%
PRG	C	0.03%
GSHD	B	0.03%
QS	F	0.03%
VSTS	D	0.03%
PRVA	B	0.03%
THS	F	0.03%
WLY	A	0.03%
RNST	B	0.03%
INFA	D	0.03%
IPGP	C	0.03%
VYX	B	0.03%
JOBY	C	0.03%
NTLA	F	0.03%
KAI	B	0.03%
NBTB	B	0.03%
PLUG	D	0.03%
VGR	B	0.03%
JJSF	B	0.03%
PINC	B	0.03%
OMCL	C	0.03%
PAYO	B	0.03%
VSCO	B	0.03%
KMT	B	0.03%
LAUR	B	0.03%
CGON	C	0.03%
RIOT	C	0.03%
EQC	B	0.03%
IBTX	B	0.03%
NARI	C	0.03%
MP	B	0.03%
BE	C	0.03%
BANR	B	0.03%
IVT	B	0.03%
NATL	C	0.03%
FRME	A	0.03%
OFG	C	0.03%
TDS	B	0.03%
SHO	B	0.03%
RCM	B	0.03%
ROG	D	0.03%
SWTX	D	0.03%
FIVN	C	0.03%
EXTR	B	0.02%
FSLY	D	0.02%
RVLV	A	0.02%
GSAT	B	0.02%
ODP	F	0.02%
UNFI	B	0.02%
ARRY	D	0.02%
SHLS	F	0.02%
VICR	B	0.02%
CWEN	D	0.02%
CWH	C	0.02%
ASAN	C	0.02%
MRVI	F	0.02%
CBRL	D	0.02%
THR	D	0.02%
FA	D	0.02%
RWT	D	0.02%
INVA	B	0.02%
MRC	B	0.02%
HTLF	B	0.02%
SCSC	B	0.02%
IAS	C	0.02%
CARS	B	0.02%
SNDR	A	0.02%
AHCO	C	0.02%
ROCK	B	0.02%
FBRT	C	0.02%
CNNE	B	0.02%
PLAY	C	0.02%
CSR	C	0.02%
EXPI	B	0.02%
ETWO	D	0.02%
RLAY	F	0.02%
MXL	C	0.02%
NOVA	F	0.02%
FIZZ	B	0.02%
AVNS	D	0.02%
KALU	B	0.02%
WMK	B	0.02%
WS	B	0.02%
SDGR	C	0.02%
ALHC	C	0.02%
KFRC	C	0.02%
ACT	D	0.02%
FDP	B	0.02%
KW	C	0.02%
PYCR	C	0.02%
XRX	F	0.02%
OMI	F	0.02%
DK	D	0.02%
SAFT	B	0.02%
CEIX	B	0.02%
BHLB	B	0.02%
AMRX	B	0.02%
GIII	C	0.02%
UTZ	C	0.02%
PLMR	C	0.02%
EIG	B	0.02%
OPEN	F	0.02%
MSGE	F	0.02%
IART	C	0.02%
ZUO	C	0.02%
AGL	F	0.02%
LC	A	0.02%
PBI	B	0.02%
AIV	D	0.02%
INSW	F	0.02%
AAT	C	0.02%
WOLF	F	0.02%
CMPR	D	0.02%
PMT	F	0.02%
AMRC	F	0.02%
UVV	B	0.02%
WOR	D	0.02%
HRMY	D	0.02%
PDM	C	0.02%
WABC	B	0.02%
LBRDA	B	0.02%
JELD	F	0.02%
ARI	D	0.02%
BKD	F	0.02%
PGNY	F	0.02%
OXM	D	0.02%
ATRC	B	0.02%
NNI	C	0.02%
UNIT	B	0.02%
UPWK	B	0.02%
NX	C	0.02%
ENVX	F	0.02%
AESI	C	0.02%
VCTR	B	0.02%
WWW	B	0.02%
TRUP	B	0.02%
JAMF	F	0.02%
PCT	C	0.02%
APPN	B	0.02%
BKE	A	0.02%
SABR	C	0.02%
SPNT	C	0.02%
LNN	B	0.02%
CSGS	B	0.02%
WT	B	0.02%
XNCR	B	0.02%
DNOW	B	0.02%
REVG	B	0.02%
SPT	D	0.02%
ALEX	B	0.02%
JBI	F	0.02%
WRBY	A	0.02%
VRE	C	0.02%
BLMN	F	0.02%
CAR	C	0.02%
VRTS	B	0.02%
HELE	C	0.02%
CERT	F	0.02%
CODI	B	0.02%
HMN	B	0.02%
INFN	C	0.02%
HOPE	B	0.02%
RDFN	D	0.02%
ESRT	D	0.02%
THRM	D	0.02%
TRIP	D	0.02%
HTH	B	0.02%
FLNC	C	0.02%
NTCT	B	0.02%
SONO	C	0.02%
GBX	A	0.02%
XHR	B	0.02%
HEES	B	0.02%
JBGS	F	0.02%
MODG	F	0.02%
KN	B	0.02%
BHE	B	0.02%
ARVN	D	0.02%
STBA	C	0.02%
DYN	D	0.02%
CNDT	B	0.01%
CRCT	F	0.01%
HGTY	B	0.01%
WOOF	D	0.01%
EGBN	B	0.01%
WRLD	C	0.01%
INN	D	0.01%
ANAB	F	0.01%
PAY	B	0.01%
EE	B	0.01%
ADPT	B	0.01%
RMR	F	0.01%
RCUS	C	0.01%
PTVE	D	0.01%
NVRI	F	0.01%
OPK	C	0.01%
FWRD	D	0.01%
TWKS	B	0.01%
USNA	C	0.01%
IBTA	C	0.01%
DJT	D	0.01%
CLBK	B	0.01%
CCO	C	0.01%
GCMG	B	0.01%
ULCC	B	0.01%
LGF.A	C	0.01%
PX	B	0.01%
ALX	D	0.01%
TGI	B	0.01%
BFS	B	0.01%
TR	C	0.01%
DAWN	B	0.01%
INST	B	0.01%
OLO	B	0.01%
TILE	B	0.01%
HTLD	C	0.01%
NRDS	C	0.01%
ATUS	C	0.01%
MLNK	B	0.01%
GDRX	F	0.01%
CAL	D	0.01%
CHPT	F	0.01%
SANA	F	0.01%
IRWD	D	0.01%
CTKB	C	0.01%
ZIP	C	0.01%
GES	F	0.01%
MAX	F	0.01%
BMBL	C	0.01%
BASE	C	0.01%
PUBM	C	0.01%
SCHL	D	0.01%
RES	D	0.01%
LPRO	C	0.01%
PHR	D	0.01%
ARHS	F	0.01%
HY	F	0.01%
MCW	B	0.01%
RCKT	F	0.01%
QXO	D	0.01%
IBUY	A	0.01%
KELYA	F	0.01%
CFFN	B	0.01%
PCRX	D	0.01%
SWI	B	0.01%
UHAL	C	0.01%
TMP	B	0.01%
BGS	F	0.01%
LFST	B	0.01%
MATW	C	0.01%
PUMP	D	0.01%
AXL	C	0.01%
YEXT	B	0.01%
HSTM	A	0.01%
RGR	F	0.01%
VMEO	B	0.01%
KOP	D	0.01%
BJRI	B	0.01%
ECVT	C	0.01%
TFSL	A	0.01%
AMWD	B	0.01%
UDMY	C	0.01%
KREF	D	0.01%
ASTE	B	0.01%
BRSP	B	0.01%
SHEN	F	0.01%
PRLB	B	0.01%
PTLO	C	0.01%
SVC	F	0.01%
SEB	F	0.01%
RSI	A	0.01%
PRA	B	0.01%
SEMR	C	0.01%
UWMC	F	0.01%
HAIN	F	0.01%
CDNA	D	0.01%
BCRX	C	0.01%
PRO	C	0.01%
LOB	C	0.01%
WNC	C	0.01%
CVI	F	0.01%
CRK	B	0.01%
EMBC	B	0.01%
XMTR	B	0.01%
GRC	B	0.01%
VIR	C	0.01%
DRVN	A	0.01%
HCSG	B	0.01%
MNRO	B	0.01%
CENX	B	0.01%
NFE	F	0.01%
VZIO	C	0.01%
FG	B	0.01%
NABL	F	0.01%
BRKL	A	0.01%
EYE	D	0.01%
DLX	B	0.01%
CXM	C	0.01%
RBRK	B	0.01%
CLB	B	0.01%
COUR	F	0.01%
MATV	F	0.01%
SSTK	D	0.01%
SMR	B	0.01%
LMND	B	0.01%
TFIN	A	0.01%
CMTG	D	0.01%
FIGS	F	0.01%
JACK	D	0.01%
BV	B	0.01%
LGF.A	C	0.01%
PGRE	B	0.01%
DNUT	D	0.01%
MMI	B	0.01%
SCWX	C	0.0%
AC	B	0.0%
ZNTL	D	0.0%
ACDC	C	0.0%
GEF	A	0.0%
PRME	C	0.0%
INNV	C	0.0%
LAZR	C	0.0%
ANGI	F	0.0%
NUS	D	0.0%
LDI	C	0.0%
BRCC	F	0.0%
BIGC	C	0.0%
SAGE	F	0.0%
GOGO	C	0.0%
DH	D	0.0%
TASK	C	0.0%
PL	B	0.0%
DIN	C	0.0%
RGNX	F	0.0%
OLPX	F	0.0%
RUSHB	B	0.0%
VREX	C	0.0%
LASR	D	0.0%
CMP	D	0.0%
AMBC	C	0.0%
LESL	D	0.0%
BOWL	D	0.0%
HPK	D	0.0%
ENFN	B	0.0%
TRTX	C	0.0%
SWBI	C	0.0%
KRO	D	0.0%
CRSR	C	0.0%
SNCY	B	0.0%
NAPA	B	0.0%

VB Underweight 56 Positions Relative to HYBB

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