VB vs. SMMD ETF Comparison

Comparison of Vanguard Small-Cap ETF (VB) to iShares Russell 2500 ETF (SMMD)

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

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

$72.06

Average Daily Volume

100,913

Number of Holdings ^*

497

* may have additional holdings in another (foreign) market

Performance

Period	VB	SMMD
30 Days	5.94%	5.64%
60 Days	10.07%	8.87%
90 Days	14.63%	13.49%
12 Months	40.30%	37.05%

460 Overlapping Holdings

	Symbol	Grade	Weight in VB	Weight in SMMD	Overlap
	AA	C	0.16%	0.17%	0.16%
	AAL	B	0.12%	0.14%	0.12%
	AAON	B	0.11%	0.12%	0.11%
	AAP	D	0.04%	0.04%	0.04%
	ACHC	F	0.09%	0.06%	0.06%
	ACI	C	0.1%	0.12%	0.1%
	ACM	B	0.23%	0.23%	0.23%
	ADC	B	0.12%	0.11%	0.11%
	AFG	B	0.17%	0.14%	0.14%
	AFRM	A	0.15%	0.16%	0.15%
	AGCO	F	0.1%	0.09%	0.09%
	AGNC	D	0.13%	0.11%	0.11%
	AGO	B	0.06%	0.07%	0.06%
	AIZ	A	0.17%	0.16%	0.16%
	AL	B	0.07%	0.07%	0.07%
	ALGM	F	0.05%	0.04%	0.04%
	ALK	A	0.09%	0.09%	0.09%
	ALLE	D	0.21%	0.19%	0.19%
	ALLY	C	0.16%	0.15%	0.15%
	ALSN	B	0.14%	0.15%	0.14%
	AM	B	0.08%	0.08%	0.08%
	AMED	F	0.05%	0.05%	0.05%
	AMG	C	0.08%	0.09%	0.08%
	AMH	D	0.19%	0.19%	0.19%
	AMKR	F	0.06%	0.05%	0.05%
	AN	D	0.1%	0.06%	0.06%
	AOS	F	0.18%	0.14%	0.14%
	APA	F	0.15%	0.13%	0.13%
	APG	B	0.13%	0.12%	0.12%
	APLS	F	0.05%	0.05%	0.05%
	APPF	B	0.08%	0.08%	0.08%
	AR	B	0.14%	0.12%	0.12%
	ARMK	C	0.17%	0.16%	0.16%
	ARW	F	0.11%	0.1%	0.1%
	ASH	F	0.07%	0.07%	0.07%
	ATI	D	0.14%	0.1%	0.1%
	ATR	A	0.17%	0.18%	0.17%
	AVT	C	0.08%	0.08%	0.08%
	AWI	A	0.09%	0.1%	0.09%
	AXS	B	0.1%	0.1%	0.1%
	AXTA	B	0.13%	0.13%	0.13%
	AYI	A	0.14%	0.15%	0.14%
	AZEK	B	0.11%	0.1%	0.1%
	AZTA	D	0.04%	0.04%	0.04%
	BBWI	C	0.11%	0.11%	0.11%
	BC	D	0.09%	0.09%	0.09%
	BERY	C	0.12%	0.12%	0.12%
	BFAM	F	0.13%	0.1%	0.1%
	BHF	B	0.04%	0.05%	0.04%
	BILL	A	0.09%	0.09%	0.09%
	BIO	C	0.11%	0.11%	0.11%
	BJ	B	0.18%	0.18%	0.18%
	BLD	F	0.2%	0.19%	0.19%
	BOKF	B	0.04%	0.04%	0.04%
	BPOP	C	0.12%	0.1%	0.1%
	BRBR	A	0.13%	0.14%	0.13%
	BRKR	F	0.12%	0.1%	0.1%
	BROS	B	0.06%	0.06%	0.06%
	BRX	B	0.14%	0.13%	0.13%
	BWA	B	0.13%	0.12%	0.12%
	BWXT	A	0.16%	0.17%	0.16%
	BXP	D	0.19%	0.2%	0.19%
	BYD	A	0.07%	0.07%	0.07%
	CACC	F	0.03%	0.04%	0.03%
	CACI	B	0.18%	0.19%	0.18%
	CAR	C	0.02%	0.02%	0.02%
	CASY	A	0.23%	0.23%	0.23%
	CBSH	A	0.11%	0.12%	0.11%
	CC	D	0.05%	0.05%	0.05%
	CCK	B	0.19%	0.17%	0.17%
	CELH	F	0.08%	0.09%	0.08%
	CERT	F	0.02%	0.02%	0.02%
	CFLT	B	0.07%	0.1%	0.07%
	CFR	B	0.1%	0.12%	0.1%
	CG	B	0.16%	0.17%	0.16%
	CGNX	B	0.11%	0.11%	0.11%
	CHDN	C	0.15%	0.15%	0.15%
	CHE	D	0.15%	0.12%	0.12%
	CHH	B	0.05%	0.06%	0.05%
	CHRD	F	0.13%	0.12%	0.12%
	CHRW	B	0.2%	0.19%	0.19%
	CIEN	B	0.14%	0.15%	0.14%
	CIVI	F	0.08%	0.08%	0.08%
	CLF	D	0.1%	0.08%	0.08%
	CLH	B	0.19%	0.19%	0.19%
	CMA	B	0.13%	0.13%	0.13%
	CNM	D	0.14%	0.13%	0.13%
	CNXC	F	0.05%	0.03%	0.03%
	COHR	B	0.22%	0.19%	0.19%
	COKE	D	0.11%	0.11%	0.11%
	COLB	B	0.09%	0.09%	0.09%
	COLD	F	0.13%	0.12%	0.12%
	COLM	B	0.04%	0.04%	0.04%
	COTY	F	0.05%	0.04%	0.04%
	CPRI	F	0.08%	0.04%	0.04%
	CPT	D	0.21%	0.19%	0.19%
	CR	B	0.13%	0.13%	0.13%
	CRI	F	0.04%	0.03%	0.03%
	CRL	C	0.17%	0.15%	0.15%
	CROX	F	0.13%	0.1%	0.1%
	CRUS	F	0.11%	0.09%	0.09%
	CTLT	C	0.17%	0.16%	0.16%
	CUBE	D	0.2%	0.17%	0.17%
	CUZ	C	0.07%	0.07%	0.07%
	CVNA	B	0.17%	0.4%	0.17%
	CW	B	0.2%	0.21%	0.2%
	CWEN	D	0.02%	0.04%	0.02%
	CWEN	D	0.04%	0.01%	0.01%
	CWEN	D	0.02%	0.01%	0.01%
	CWEN	D	0.04%	0.04%	0.04%
	CXT	D	0.04%	0.04%	0.04%
	CZR	D	0.14%	0.13%	0.13%
	DAR	B	0.1%	0.1%	0.1%
	DAY	B	0.15%	0.18%	0.15%
	DBX	B	0.09%	0.1%	0.09%
	DCI	A	0.14%	0.14%	0.14%
	DDS	C	0.03%	0.02%	0.02%
	DINO	D	0.12%	0.1%	0.1%
	DJT	D	0.01%	0.03%	0.01%
	DKS	D	0.19%	0.17%	0.17%
	DLB	C	0.07%	0.07%	0.07%
	DNB	B	0.06%	0.06%	0.06%
	DOCS	B	0.08%	0.08%	0.08%
	DT	C	0.25%	0.25%	0.25%
	DTM	A	0.12%	0.14%	0.12%
	DUOL	B	0.16%	0.17%	0.16%
	DV	C	0.04%	0.04%	0.04%
	DVA	C	0.11%	0.12%	0.11%
	DXC	B	0.06%	0.06%	0.06%
	EEFT	C	0.07%	0.07%	0.07%
	EGP	D	0.15%	0.13%	0.13%
	EHC	B	0.16%	0.16%	0.16%
	ELAN	D	0.12%	0.1%	0.1%
	ELF	C	0.1%	0.09%	0.09%
	ELS	C	0.19%	0.2%	0.19%
	EME	B	0.33%	0.34%	0.33%
	ENOV	C	0.04%	0.04%	0.04%
	EPR	D	0.06%	0.05%	0.05%
	EQH	B	0.22%	0.19%	0.19%
	EQT	A	0.18%	0.34%	0.18%
	ESAB	B	0.1%	0.11%	0.1%
	ESI	B	0.1%	0.1%	0.1%
	ESTC	C	0.11%	0.11%	0.11%
	ETSY	C	0.1%	0.1%	0.1%
	EVR	B	0.15%	0.15%	0.15%
	EWBC	A	0.19%	0.21%	0.19%
	EXAS	F	0.2%	0.2%	0.2%
	EXEL	B	0.11%	0.15%	0.11%
	EXP	B	0.16%	0.15%	0.15%
	FAF	D	0.1%	0.1%	0.1%
	FBIN	F	0.18%	0.16%	0.16%
	FCN	D	0.13%	0.11%	0.11%
	FFIV	B	0.21%	0.21%	0.21%
	FHB	B	0.05%	0.05%	0.05%
	FHN	B	0.14%	0.15%	0.14%
	FIVE	F	0.08%	0.08%	0.08%
	FIVN	C	0.03%	0.03%	0.03%
	FIX	B	0.23%	0.23%	0.23%
	FLO	F	0.07%	0.07%	0.07%
	FLS	B	0.11%	0.11%	0.11%
	FMC	F	0.13%	0.12%	0.12%
	FNB	A	0.08%	0.08%	0.08%
	FND	F	0.21%	0.18%	0.18%
	FOUR	B	0.09%	0.09%	0.09%
	FR	D	0.12%	0.11%	0.11%
	FRPT	B	0.11%	0.11%	0.11%
	FRT	C	0.16%	0.15%	0.15%
	FTI	B	0.17%	0.18%	0.17%
	FTRE	D	0.03%	0.02%	0.02%
	FYBR	D	0.14%	0.13%	0.13%
	G	B	0.11%	0.11%	0.11%
	GAP	C	0.09%	0.07%	0.07%
	GGG	B	0.24%	0.22%	0.22%
	GL	B	0.15%	0.14%	0.14%
	GLPI	D	0.22%	0.21%	0.21%
	GME	C	0.14%	0.13%	0.13%
	GMED	B	0.13%	0.13%	0.13%
	GNRC	B	0.16%	0.17%	0.16%
	GNTX	C	0.11%	0.11%	0.11%
	GO	D	0.03%	0.02%	0.02%
	GPK	D	0.14%	0.13%	0.13%
	GTES	B	0.07%	0.06%	0.06%
	GTLB	C	0.09%	0.1%	0.09%
	GWRE	A	0.25%	0.24%	0.24%
	GXO	B	0.1%	0.11%	0.1%
	H	C	0.11%	0.1%	0.1%
	HAS	D	0.16%	0.14%	0.14%
	HAYW	C	0.04%	0.04%	0.04%
	HCP	A	0.08%	0.07%	0.07%
	HHH	B	0.04%	0.04%	0.04%
	HII	D	0.17%	0.12%	0.12%
	HIW	D	0.06%	0.05%	0.05%
	HLI	B	0.14%	0.14%	0.14%
	HOG	F	0.07%	0.06%	0.06%
	HOOD	B	0.28%	0.26%	0.26%
	HRB	D	0.14%	0.13%	0.13%
	HSIC	F	0.15%	0.14%	0.14%
	HST	C	0.2%	0.19%	0.19%
	HUN	F	0.06%	0.05%	0.05%
	HXL	D	0.08%	0.08%	0.08%
	IAC	F	0.06%	0.06%	0.06%
	IDA	A	0.09%	0.09%	0.09%
	INFA	D	0.03%	0.03%	0.03%
	INGR	B	0.15%	0.16%	0.15%
	INSP	D	0.1%	0.09%	0.09%
	IONS	F	0.09%	0.09%	0.09%
	IPG	F	0.19%	0.18%	0.18%
	IPGP	C	0.03%	0.04%	0.03%
	IRDM	C	0.05%	0.05%	0.05%
	ITCI	B	0.12%	0.14%	0.12%
	ITT	A	0.2%	0.19%	0.19%
	IVZ	C	0.12%	0.1%	0.1%
	JAZZ	B	0.11%	0.11%	0.11%
	JBL	B	0.21%	0.22%	0.21%
	JEF	B	0.14%	0.18%	0.14%
	JHG	B	0.08%	0.09%	0.08%
	JKHY	C	0.21%	0.21%	0.21%
	JLL	C	0.21%	0.21%	0.21%
	JNPR	C	0.21%	0.2%	0.2%
	JWN	B	0.05%	0.04%	0.04%
	KBR	B	0.14%	0.14%	0.14%
	KD	B	0.09%	0.08%	0.08%
	KEX	A	0.12%	0.11%	0.11%
	KIM	B	0.25%	0.25%	0.25%
	KMPR	A	0.06%	0.06%	0.06%
	KNSL	C	0.17%	0.15%	0.15%
	KNX	B	0.13%	0.13%	0.13%
	KRC	C	0.07%	0.07%	0.07%
	KSS	F	0.04%	0.03%	0.03%
	LAD	B	0.14%	0.15%	0.14%
	LAMR	D	0.19%	0.18%	0.18%
	LBRDA	B	0.02%	0.02%	0.02%
	LBRDK	B	0.15%	0.16%	0.15%
	LCID	F	0.05%	0.03%	0.03%
	LEA	F	0.1%	0.08%	0.08%
	LECO	B	0.18%	0.17%	0.17%
	LEG	F	0.03%	0.03%	0.03%
	LFUS	D	0.11%	0.1%	0.1%
	LII	B	0.32%	0.31%	0.31%
	LITE	B	0.07%	0.07%	0.07%
	LNC	B	0.09%	0.07%	0.07%
	LNW	C	0.13%	0.13%	0.13%
	LOPE	B	0.07%	0.06%	0.06%
	LPX	A	0.11%	0.11%	0.11%
	LSCC	C	0.12%	0.11%	0.11%
	LSTR	B	0.11%	0.1%	0.1%
	LYFT	B	0.07%	0.08%	0.07%
	M	D	0.07%	0.07%	0.07%
	MAN	F	0.06%	0.05%	0.05%
	MANH	C	0.28%	0.25%	0.25%
	MASI	B	0.1%	0.1%	0.1%
	MAT	C	0.11%	0.11%	0.11%
	MDU	F	0.09%	0.05%	0.05%
	MEDP	D	0.13%	0.13%	0.13%
	MHK	D	0.14%	0.11%	0.11%
	MIDD	C	0.12%	0.11%	0.11%
	MKSI	D	0.12%	0.11%	0.11%
	MKTX	C	0.15%	0.16%	0.15%
	MORN	A	0.14%	0.14%	0.14%
	MOS	D	0.14%	0.14%	0.14%
	MP	B	0.03%	0.04%	0.03%
	MPW	F	0.06%	0.04%	0.04%
	MSA	D	0.11%	0.1%	0.1%
	MSGS	B	0.06%	0.06%	0.06%
	MSM	B	0.06%	0.06%	0.06%
	MTCH	F	0.16%	0.15%	0.15%
	MTDR	C	0.09%	0.1%	0.09%
	MTG	D	0.11%	0.1%	0.1%
	MTN	D	0.11%	0.1%	0.1%
	MTSI	B	0.1%	0.1%	0.1%
	MTZ	B	0.13%	0.13%	0.13%
	MUSA	B	0.15%	0.14%	0.14%
	NBIX	C	0.19%	0.19%	0.19%
	NCLH	A	0.15%	0.17%	0.15%
	NCNO	B	0.04%	0.05%	0.04%
	NDSN	B	0.22%	0.22%	0.22%
	NEU	C	0.06%	0.06%	0.06%
	NFE	F	0.01%	0.01%	0.01%
	NFG	C	0.09%	0.09%	0.09%
	NI	A	0.13%	0.25%	0.13%
	NNN	F	0.14%	0.12%	0.12%
	NOV	D	0.1%	0.09%	0.09%
	NRG	B	0.31%	0.29%	0.29%
	NSA	D	0.05%	0.05%	0.05%
	NTNX	B	0.24%	0.24%	0.24%
	NTRA	B	0.24%	0.22%	0.22%
	NVST	C	0.06%	0.06%	0.06%
	NVT	B	0.19%	0.18%	0.18%
	NWL	B	0.05%	0.06%	0.05%
	NXST	C	0.08%	0.08%	0.08%
	NYT	C	0.14%	0.13%	0.13%
	OC	B	0.25%	0.24%	0.24%
	OGE	B	0.13%	0.13%	0.13%
	OGN	F	0.08%	0.07%	0.07%
	OHI	B	0.17%	0.16%	0.16%
	OLED	F	0.15%	0.13%	0.13%
	OLLI	D	0.1%	0.09%	0.09%
	OLN	D	0.09%	0.08%	0.08%
	OMF	B	0.09%	0.09%	0.09%
	ONTO	F	0.17%	0.13%	0.13%
	ORI	A	0.13%	0.14%	0.13%
	OSK	B	0.11%	0.11%	0.11%
	OVV	C	0.16%	0.16%	0.16%
	OZK	B	0.08%	0.07%	0.07%
	PAG	C	0.05%	0.04%	0.04%
	PARA	C	0.09%	0.1%	0.09%
	PATH	C	0.09%	0.09%	0.09%
	PB	A	0.11%	0.1%	0.1%
	PCOR	B	0.1%	0.11%	0.1%
	PCTY	A	0.11%	0.13%	0.11%
	PEGA	A	0.06%	0.06%	0.06%
	PEN	B	0.12%	0.13%	0.12%
	PENN	B	0.05%	0.04%	0.04%
	PFGC	B	0.2%	0.2%	0.2%
	PII	F	0.07%	0.06%	0.06%
	PINC	B	0.03%	0.04%	0.03%
	PK	B	0.05%	0.05%	0.05%
	PLNT	B	0.11%	0.11%	0.11%
	PNFP	B	0.12%	0.13%	0.12%
	PNR	B	0.26%	0.26%	0.26%
	PNW	B	0.16%	0.15%	0.15%
	POOL	D	0.11%	0.21%	0.11%
	POST	D	0.09%	0.08%	0.08%
	PPC	B	0.03%	0.03%	0.03%
	PR	B	0.14%	0.14%	0.14%
	PRGO	C	0.06%	0.05%	0.05%
	PRI	A	0.15%	0.15%	0.15%
	PSN	A	0.08%	0.08%	0.08%
	PSTG	D	0.25%	0.24%	0.24%
	PVH	C	0.09%	0.09%	0.09%
	PYCR	C	0.02%	0.02%	0.02%
	QRVO	F	0.16%	0.11%	0.11%
	QS	F	0.03%	0.03%	0.03%
	R	B	0.1%	0.1%	0.1%
	RARE	F	0.08%	0.07%	0.07%
	RBC	B	0.14%	0.13%	0.13%
	RCM	B	0.03%	0.04%	0.03%
	REG	B	0.21%	0.21%	0.21%
	REXR	F	0.17%	0.15%	0.15%
	REYN	D	0.03%	0.02%	0.02%
	RGA	A	0.23%	0.22%	0.22%
	RGEN	D	0.13%	0.13%	0.13%
	RGLD	C	0.15%	0.15%	0.15%
	RH	B	0.08%	0.08%	0.08%
	RHI	B	0.11%	0.11%	0.11%
	RIVN	F	0.16%	0.14%	0.14%
	RL	B	0.12%	0.13%	0.12%
	RLI	A	0.11%	0.1%	0.1%
	RNG	C	0.04%	0.05%	0.04%
	RNR	D	0.23%	0.21%	0.21%
	ROIV	D	0.08%	0.08%	0.08%
	ROKU	C	0.15%	0.14%	0.14%
	RPM	B	0.25%	0.26%	0.25%
	RRC	B	0.12%	0.11%	0.11%
	RRX	C	0.18%	0.17%	0.17%
	RS	B	0.26%	0.26%	0.26%
	RYAN	B	0.1%	0.11%	0.1%
	RYN	F	0.08%	0.07%	0.07%
	S	B	0.11%	0.11%	0.11%
	SAIA	B	0.19%	0.21%	0.19%
	SAIC	B	0.12%	0.12%	0.12%
	SAM	B	0.04%	0.04%	0.04%
	SCI	B	0.18%	0.19%	0.18%
	SEB	F	0.01%	0.01%	0.01%
	SEE	C	0.07%	0.07%	0.07%
	SEIC	A	0.13%	0.12%	0.12%
	SF	A	0.15%	0.16%	0.15%
	SHC	D	0.04%	0.04%	0.04%
	SITE	C	0.11%	0.1%	0.1%
	SKX	F	0.14%	0.13%	0.13%
	SLGN	A	0.07%	0.07%	0.07%
	SLM	B	0.08%	0.07%	0.07%
	SMAR	B	0.12%	0.12%	0.12%
	SMG	C	0.06%	0.06%	0.06%
	SNDR	A	0.02%	0.02%	0.02%
	SNV	B	0.1%	0.11%	0.1%
	SNX	C	0.13%	0.14%	0.13%
	SOFI	B	0.12%	0.18%	0.12%
	SON	F	0.09%	0.08%	0.08%
	SPB	A	0.04%	0.04%	0.04%
	SPR	F	0.06%	0.06%	0.06%
	SRPT	F	0.18%	0.18%	0.18%
	SSD	D	0.13%	0.12%	0.12%
	ST	F	0.09%	0.07%	0.07%
	STAG	F	0.12%	0.11%	0.11%
	STWD	D	0.11%	0.1%	0.1%
	SW	C	0.42%	0.42%	0.42%
	TDC	D	0.05%	0.04%	0.04%
	TECH	C	0.21%	0.19%	0.19%
	TFSL	A	0.01%	0.01%	0.01%
	TFX	F	0.19%	0.15%	0.15%
	THC	B	0.26%	0.25%	0.25%
	THG	A	0.08%	0.08%	0.08%
	THO	B	0.09%	0.09%	0.09%
	TKO	D	0.14%	0.15%	0.14%
	TKR	F	0.09%	0.07%	0.07%
	TNL	A	0.05%	0.05%	0.05%
	TOL	B	0.26%	0.24%	0.24%
	TOST	A	0.19%	0.21%	0.19%
	TPG	B	0.08%	0.08%	0.08%
	TPL	A	0.14%	0.36%	0.14%
	TPR	B	0.18%	0.18%	0.18%
	TPX	C	0.15%	0.13%	0.13%
	TREX	C	0.12%	0.12%	0.12%
	TRIP	D	0.02%	0.03%	0.02%
	TTC	D	0.15%	0.14%	0.14%
	TTEK	C	0.21%	0.21%	0.21%
	TXG	F	0.04%	0.03%	0.03%
	TXRH	B	0.19%	0.2%	0.19%
	U	D	0.1%	0.1%	0.1%
	UA	B	0.02%	0.02%	0.02%
	UAA	B	0.03%	0.03%	0.03%
	UGI	D	0.09%	0.08%	0.08%
	UHAL	C	0.01%	0.11%	0.01%
	UHAL	C	0.11%	0.01%	0.01%
	UHAL	C	0.01%	0.01%	0.01%
	UHAL	C	0.11%	0.11%	0.11%
	UHS	D	0.21%	0.19%	0.19%
	UNM	A	0.14%	0.17%	0.14%
	USFD	A	0.24%	0.22%	0.22%
	UTHR	B	0.26%	0.26%	0.26%
	UWMC	F	0.01%	0.01%	0.01%
	VAC	B	0.04%	0.04%	0.04%
	VFC	C	0.13%	0.12%	0.12%
	VIRT	B	0.04%	0.04%	0.04%
	VKTX	D	0.11%	0.11%	0.11%
	VMI	B	0.1%	0.1%	0.1%
	VNO	C	0.12%	0.12%	0.12%
	VNT	B	0.08%	0.09%	0.08%
	VOYA	A	0.13%	0.12%	0.12%
	VSTS	D	0.03%	0.03%	0.03%
	VVV	B	0.09%	0.08%	0.08%
	W	F	0.08%	0.06%	0.06%
	WAL	B	0.15%	0.14%	0.14%
	WBS	B	0.13%	0.13%	0.13%
	WCC	B	0.13%	0.13%	0.13%
	WEN	C	0.05%	0.05%	0.05%
	WEX	D	0.14%	0.11%	0.11%
	WFRD	D	0.1%	0.09%	0.09%
	WH	A	0.1%	0.11%	0.1%
	WHR	B	0.1%	0.09%	0.09%
	WING	D	0.2%	0.14%	0.14%
	WMS	F	0.2%	0.17%	0.17%
	WOLF	F	0.02%	0.02%	0.02%
	WSC	F	0.11%	0.11%	0.11%
	WSO	A	0.28%	0.26%	0.26%
	WTFC	A	0.12%	0.12%	0.12%
	WTM	A	0.07%	0.07%	0.07%
	WTRG	B	0.15%	0.16%	0.15%
	WU	F	0.07%	0.04%	0.04%
	WWD	B	0.17%	0.16%	0.16%
	WYNN	F	0.15%	0.14%	0.14%
	X	B	0.12%	0.14%	0.12%
	XPO	B	0.19%	0.25%	0.19%
	XRAY	F	0.09%	0.07%	0.07%
	YETI	C	0.06%	0.05%	0.05%
	Z	B	0.13%	0.15%	0.13%
	ZG	B	0.07%	0.04%	0.04%
	ZI	C	0.05%	0.05%	0.05%
	ZION	B	0.11%	0.12%	0.11%

VB Overweight 847 Positions Relative to SMMD

	Symbol	Grade	Weight
	AXON	B	0.47%
	DECK	B	0.4%
	BLDR	D	0.37%
	ATO	A	0.35%
	PTC	B	0.34%
	CSL	C	0.34%
	BAH	C	0.34%
	WSM	F	0.32%
	FCNCA	B	0.32%
	DKNG	B	0.29%
	ENTG	D	0.28%
	TRGP	A	0.26%
	IEX	B	0.26%
	APP	A	0.24%
	MSTR	A	0.24%
	RBA	B	0.24%
	AES	F	0.23%
	BG	D	0.22%
	ERIE	F	0.22%
	DOCU	A	0.21%
	EMN	D	0.21%
	PCVX	D	0.21%
	KMX	C	0.2%
	SJM	F	0.2%
	INSM	D	0.2%
	HUBB	B	0.19%
	EPAM	C	0.18%
	LDOS	A	0.18%
	SFM	B	0.18%
	LKQ	D	0.17%
	SOLV	C	0.16%
	TAP	B	0.16%
	OWL	B	0.16%
	STLD	B	0.15%
	LW	C	0.15%
	TWLO	B	0.15%
	IOT	B	0.15%
	MLI	B	0.14%
	FN	B	0.14%
	AIT	A	0.14%
	PAYC	B	0.14%
	SWN	C	0.13%
	DOC	C	0.13%
	PODD	B	0.13%
	FLR	C	0.13%
	ENSG	C	0.13%
	HQY	A	0.12%
	ANF	D	0.12%
	LUMN	B	0.12%
	HALO	B	0.12%
	SPSC	D	0.12%
	SSB	B	0.12%
	MTH	D	0.12%
	UDR	D	0.12%
	CRS	B	0.12%
	UFPI	B	0.12%
	LNTH	F	0.12%
	TRNO	D	0.11%
	ESNT	D	0.11%
	MOD	C	0.11%
	CVLT	B	0.11%
	EVRG	A	0.11%
	GKOS	A	0.11%
	RVMD	B	0.11%
	JXN	B	0.11%
	TMHC	C	0.11%
	NSIT	F	0.11%
	EXPO	D	0.1%
	EXLS	A	0.1%
	BPMC	B	0.1%
	IBP	F	0.1%
	ONB	A	0.1%
	EPRT	C	0.1%
	VRNS	D	0.1%
	CSWI	B	0.1%
	RHP	B	0.1%
	CBT	B	0.1%
	CWST	B	0.1%
	CYTK	C	0.1%
	CMC	B	0.1%
	NOVT	C	0.1%
	BMI	B	0.1%
	GTLS	A	0.09%
	ACIW	B	0.09%
	BECN	B	0.09%
	OPCH	F	0.09%
	ALTR	C	0.09%
	ZETA	C	0.09%
	INCY	B	0.09%
	DY	C	0.09%
	MMSI	A	0.09%
	KBH	D	0.09%
	BCC	B	0.09%
	AUR	C	0.09%
	ALB	C	0.09%
	MMS	C	0.09%
	AVAV	C	0.09%
	COOP	B	0.09%
	SRCL	B	0.09%
	SIGI	B	0.09%
	WTS	B	0.09%
	BCPC	B	0.09%
	FSS	C	0.09%
	CHX	D	0.09%
	MOG.A	B	0.09%
	CADE	B	0.09%
	KRG	B	0.09%
	IRT	B	0.08%
	PECO	B	0.08%
	RDNT	B	0.08%
	ACA	B	0.08%
	CNX	B	0.08%
	NJR	B	0.08%
	KRYS	B	0.08%
	GATX	B	0.08%
	CTRE	C	0.08%
	ABG	B	0.08%
	PIPR	B	0.08%
	BDC	B	0.08%
	MATX	B	0.08%
	SUM	B	0.08%
	ITRI	B	0.08%
	MC	B	0.08%
	MUR	F	0.08%
	BCO	F	0.08%
	HOMB	A	0.08%
	GPI	B	0.08%
	SKY	C	0.08%
	ZWS	B	0.08%
	POR	D	0.08%
	TMDX	F	0.08%
	UBSI	B	0.08%
	KNF	C	0.08%
	BOOT	D	0.08%
	PI	D	0.08%
	GBCI	B	0.08%
	SIRI	C	0.08%
	RDN	C	0.08%
	HASI	F	0.07%
	TPH	D	0.07%
	CWAN	B	0.07%
	FELE	B	0.07%
	ABCB	B	0.07%
	ENS	D	0.07%
	CORT	B	0.07%
	HAE	B	0.07%
	ASO	F	0.07%
	OGS	B	0.07%
	ICUI	C	0.07%
	CRC	B	0.07%
	BKH	B	0.07%
	NUVL	D	0.07%
	FUL	F	0.07%
	CRDO	B	0.07%
	VRRM	F	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%
	ORA	C	0.07%
	HWC	B	0.07%
	HLNE	B	0.07%
	MGM	F	0.07%
	SWX	B	0.07%
	QLYS	C	0.07%
	FFIN	B	0.07%
	SLG	C	0.07%
	HRI	B	0.07%
	BOX	B	0.07%
	MARA	C	0.07%
	RMBS	C	0.07%
	KTB	B	0.07%
	QTWO	B	0.07%
	SM	C	0.07%
	TENB	D	0.07%
	AVNT	B	0.07%
	ALKS	B	0.07%
	TDW	F	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%
	SMTC	B	0.06%
	VAL	F	0.06%
	GVA	B	0.06%
	UCB	B	0.06%
	FBP	B	0.06%
	WDFC	A	0.06%
	NWE	C	0.06%
	LRN	B	0.06%
	CHWY	B	0.06%
	CNO	B	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%
	PBH	A	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%
	ALE	A	0.06%
	PLXS	B	0.06%
	SLAB	F	0.06%
	IIPR	F	0.06%
	RXO	C	0.06%
	RUN	F	0.06%
	WK	B	0.06%
	MDGL	B	0.06%
	SHAK	B	0.06%
	VLY	B	0.06%
	KFY	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%
	ASGN	B	0.06%
	HL	D	0.06%
	AIN	D	0.05%
	TNDM	F	0.05%
	ACVA	C	0.05%
	ADTN	B	0.05%
	REZI	A	0.05%
	LXP	D	0.05%
	IOSP	B	0.05%
	DIOD	F	0.05%
	WAFD	B	0.05%
	LBRT	D	0.05%
	PTCT	B	0.05%
	PJT	B	0.05%
	TRN	A	0.05%
	PRGS	A	0.05%
	TNET	D	0.05%
	WLK	F	0.05%
	PBF	F	0.05%
	LCII	D	0.05%
	PFSI	D	0.05%
	DORM	B	0.05%
	DEI	C	0.05%
	CATY	B	0.05%
	SQSP	A	0.05%
	FHI	A	0.05%
	GNW	A	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%
	PTEN	D	0.05%
	WSFS	A	0.05%
	APAM	B	0.05%
	ATKR	C	0.05%
	UPST	B	0.05%
	AVA	D	0.05%
	CBU	B	0.05%
	YOU	C	0.05%
	CNK	A	0.05%
	SYNA	D	0.05%
	HIMS	B	0.05%
	CRVL	B	0.05%
	BL	B	0.05%
	COMP	B	0.05%
	ASB	B	0.05%
	WBA	D	0.05%
	GFF	C	0.05%
	ENV	B	0.05%
	AWR	B	0.05%
	CWK	B	0.05%
	EVH	F	0.05%
	DNLI	B	0.05%
	SMPL	B	0.05%
	BXMT	C	0.05%
	JBT	C	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%
	CBZ	B	0.05%
	APLE	B	0.05%
	SKYW	B	0.05%
	SGBX	F	0.05%
	AROC	B	0.05%
	TGTX	B	0.05%
	EAT	A	0.05%
	OTTR	C	0.05%
	STEP	B	0.05%
	NEOG	D	0.05%
	BGC	B	0.05%
	FULT	B	0.05%
	TCBI	A	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%
	CCOI	C	0.05%
	RIG	D	0.05%
	TEX	C	0.05%
	NOG	B	0.05%
	SHOO	D	0.05%
	MWA	B	0.05%
	AUB	B	0.05%
	STRA	C	0.04%
	SXI	B	0.04%
	TOWN	B	0.04%
	EVTC	B	0.04%
	CALX	F	0.04%
	ZD	B	0.04%
	AMBA	B	0.04%
	MQ	F	0.04%
	CNMD	C	0.04%
	AIR	C	0.04%
	YELP	C	0.04%
	MHO	D	0.04%
	DOCN	D	0.04%
	MIR	C	0.04%
	PSMT	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%
	KYMR	B	0.04%
	ARWR	C	0.04%
	FFBC	B	0.04%
	PFS	B	0.04%
	IRTC	C	0.04%
	MTRN	B	0.04%
	INTA	B	0.04%
	AZZ	B	0.04%
	VSH	F	0.04%
	MYGN	F	0.04%
	BFH	B	0.04%
	CVBF	B	0.04%
	LGIH	F	0.04%
	ARCH	B	0.04%
	SMMT	D	0.04%
	JOE	F	0.04%
	INDB	B	0.04%
	HNI	B	0.04%
	PPBI	B	0.04%
	FRSH	C	0.04%
	PRK	B	0.04%
	ASTH	F	0.04%
	FL	D	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%
	MTX	B	0.04%
	CARG	A	0.04%
	BOH	B	0.04%
	RPD	C	0.04%
	TWST	C	0.04%
	GT	C	0.04%
	OII	B	0.04%
	AGIO	B	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%
	HGV	B	0.04%
	MGRC	B	0.04%
	OUT	C	0.04%
	UE	B	0.04%
	TGNA	B	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%
	GH	B	0.04%
	GHC	B	0.04%
	URBN	C	0.04%
	AI	C	0.04%
	ATGE	B	0.04%
	HP	C	0.04%
	BKU	B	0.04%
	RRR	F	0.04%
	APOG	B	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%
	AMN	F	0.03%
	CRGY	B	0.03%
	ANDE	D	0.03%
	RXRX	C	0.03%
	SUPN	B	0.03%
	CHCO	B	0.03%
	NHC	B	0.03%
	AMC	C	0.03%
	SCL	C	0.03%
	FCF	B	0.03%
	CVCO	B	0.03%
	NPAB	F	0.03%
	WSBC	B	0.03%
	NVCR	C	0.03%
	NWBI	B	0.03%
	GEO	B	0.03%
	XPRO	F	0.03%
	DRH	B	0.03%
	RDDT	B	0.03%
	MLKN	D	0.03%
	FOXF	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%
	KNTK	B	0.03%
	PZZA	D	0.03%
	GOLF	B	0.03%
	TTMI	A	0.03%
	LZB	C	0.03%
	EPC	F	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%
	PHIN	B	0.03%
	BANF	B	0.03%
	ACAD	C	0.03%
	NVAX	F	0.03%
	FLYW	C	0.03%
	HURN	B	0.03%
	GNL	D	0.03%
	JBLU	D	0.03%
	CRNX	B	0.03%
	PRG	C	0.03%
	GSHD	B	0.03%
	HI	C	0.03%
	PRVA	B	0.03%
	THS	F	0.03%
	NMRK	B	0.03%
	WLY	A	0.03%
	RNST	B	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%
	VIAV	B	0.03%
	JJSF	B	0.03%
	LTH	D	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%
	OI	D	0.03%
	NARI	C	0.03%
	BE	C	0.03%
	BANR	B	0.03%
	IVT	B	0.03%
	NATL	C	0.03%
	FRME	A	0.03%
	LEVI	F	0.03%
	OFG	C	0.03%
	TDS	B	0.03%
	SHO	B	0.03%
	ROG	D	0.03%
	SWTX	D	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%
	CWH	C	0.02%
	TRS	B	0.02%
	ASAN	C	0.02%
	MD	B	0.02%
	MRVI	F	0.02%
	CBRL	D	0.02%
	THR	D	0.02%
	FA	D	0.02%
	ATSG	A	0.02%
	RWT	D	0.02%
	INVA	B	0.02%
	VSTO	A	0.02%
	MRC	B	0.02%
	HTLF	B	0.02%
	SCSC	B	0.02%
	IAS	C	0.02%
	CARS	B	0.02%
	AHCO	C	0.02%
	ECPG	B	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%
	SCS	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%
	NAVI	C	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%
	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%
	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%
	LADR	B	0.02%
	VCTR	B	0.02%
	WWW	B	0.02%
	CXW	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%
	RLJ	C	0.02%
	VSAT	F	0.02%
	LNN	B	0.02%
	CSGS	B	0.02%
	WT	B	0.02%
	XNCR	B	0.02%
	DNOW	B	0.02%
	DAN	F	0.02%
	REVG	B	0.02%
	SPT	D	0.02%
	SBH	C	0.02%
	ALEX	B	0.02%
	JBI	F	0.02%
	WRBY	A	0.02%
	VRE	C	0.02%
	BLMN	F	0.02%
	VRTS	B	0.02%
	HELE	C	0.02%
	NGVT	B	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%
	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%
	HTZ	D	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%
	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%
	SRCL	B	0.01%
	FOR	F	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%
	TMP	B	0.01%
	BGS	F	0.01%
	LFST	B	0.01%
	MATW	C	0.01%
	HPP	F	0.01%
	PUMP	D	0.01%
	HLF	C	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%
	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%
	RSI	A	0.01%
	PRA	B	0.01%
	SEMR	C	0.01%
	SAH	B	0.01%
	HAIN	F	0.01%
	CDNA	D	0.01%
	BCRX	C	0.01%
	PRO	C	0.01%
	LOB	C	0.01%
	HLX	D	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%
	PRAA	C	0.01%
	VZIO	C	0.01%
	FG	B	0.01%
	NABL	F	0.01%
	BRKL	A	0.01%
	ALGT	B	0.01%
	EYE	D	0.01%
	DLX	B	0.01%
	CXM	C	0.01%
	RBRK	B	0.01%
	USM	B	0.01%
	CLB	B	0.01%
	COUR	F	0.01%
	DFH	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%
	BDN	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%
	AMCX	C	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%
	CENT	C	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 41 Positions Relative to SMMD

	Symbol	Grade	Weight
	IWM	B	-41.76%
	PKG	B	-0.32%
	EXE	A	-0.3%
	FDS	A	-0.28%
	SNA	A	-0.27%
	AVY	F	-0.26%
	EG	D	-0.24%
	GEN	A	-0.24%
	TXT	D	-0.24%
	NWSA	B	-0.17%
	CAVA	B	-0.16%
	DOX	A	-0.16%
	NLY	D	-0.15%
	GLOB	B	-0.14%
	CART	B	-0.12%
	BSY	D	-0.11%
	SN	D	-0.1%
	AZPN	B	-0.1%
	HR	C	-0.1%
	LAZ	B	-0.09%
	CCCS	B	-0.08%
	VNOM	C	-0.08%
	RITM	D	-0.08%
	LBTYK	D	-0.05%
	LBTYA	C	-0.05%
	NWS	B	-0.05%
	ECG	C	-0.04%
	CLVT	F	-0.04%
	LLYVK	B	-0.04%
	BIRK	F	-0.03%
	ALAB	B	-0.03%
	QDEL	F	-0.03%
	ADT	B	-0.03%
	UI	A	-0.02%
	AS	B	-0.02%
	LLYVA	A	-0.02%
	PLTK	B	-0.01%
	MAGN	F	-0.01%
	LOAR	B	-0.01%
	PARAA	B	-0.0%
	SEG	C	-0.0%

VB: Top Represented Industries & Keywords

Industries: Banks - Regional - US Software - Application Biotechnology Diversified Industrials Software - Infrastructure Asset Management REIT - Diversified Business Services Information Technology Services Specialty Chemicals Oil & Gas E&P Specialty Retail Building Materials Packaged Foods REIT - Retail Oil & Gas Equipment & Services Diagnostics & Research Restaurants Semiconductors Apparel Manufacturing

Keywords: Bank Banking Real Estate Investment Trust S&P 500 Computing Insurance Medicine Chemical Natural Gas Mining Deposit Products Aerospace Construction Telecommunications Biopharmaceutical Electronics Biotechnology Transport Commercial Banking Real Estate Loans

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 Information Technology Services Leisure Semiconductors Aerospace & Defense Business Services Capital Markets Engineering & Construction 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