VBR vs. ETHO ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Etho Climate Leadership U.S. ETF (ETHO)

VBR

Vanguard Small-Cap Value ETF - DNQ

VBR Description

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

$213.68

Average Daily Volume

430,349

Number of Holdings ^*

794

* may have additional holdings in another (foreign) market

ETHO

Etho Climate Leadership U.S. ETF

ETHO Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Etho Climate Leadership Index - US (the "index"). The index tracks the performance of the equity securities of a diversified set of U.S. companies that are leaders in their industry with respect to their carbon impact. "Carbon impact" is calculated based on the total greenhouse gas ("GHG") emissions from a company&#39;s operations, fuel use, supply chain, and business activities, divided by the company&#39;s market capitalization. The fund will invest at least 80% of its total assets in the component securities of the index.

Grade (RS Rating)

Last Trade

$63.10

Average Daily Volume

5,273

Number of Holdings ^*

285

* may have additional holdings in another (foreign) market

Performance

Period	VBR	ETHO
30 Days	5.18%	5.19%
60 Days	6.13%	4.82%
90 Days	7.24%	5.27%
12 Months	32.19%	22.69%

95 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in ETHO	Overlap
AAT	B	0.04%	0.41%	0.04%
ABG	C	0.13%	0.36%	0.13%
AGNC	C	0.21%	0.33%	0.21%
ALLY	C	0.28%	0.29%	0.28%
AMKR	D	0.08%	0.26%	0.08%
AMN	F	0.04%	0.13%	0.04%
APLE	B	0.09%	0.32%	0.09%
ASB	B	0.1%	0.42%	0.1%
ATKR	D	0.09%	0.16%	0.09%
ATR	B	0.33%	0.39%	0.33%
AUB	B	0.1%	0.39%	0.1%
AWR	B	0.09%	0.39%	0.09%
BERY	C	0.22%	0.36%	0.22%
BKU	A	0.08%	0.47%	0.08%
BOH	B	0.08%	0.41%	0.08%
BOKF	B	0.07%	0.41%	0.07%
BRC	D	0.09%	0.42%	0.09%
CAKE	C	0.06%	0.44%	0.06%
CARS	C	0.03%	0.36%	0.03%
CBSH	B	0.21%	0.44%	0.21%
CMA	B	0.25%	0.42%	0.25%
COLB	B	0.17%	0.53%	0.17%
COLM	C	0.04%	0.34%	0.04%
COTY	F	0.08%	0.2%	0.08%
CRI	F	0.05%	0.21%	0.05%
CSGS	B	0.04%	0.35%	0.04%
ELAN	D	0.18%	0.28%	0.18%
EPAM	B	0.3%	0.29%	0.29%
EPC	F	0.05%	0.29%	0.05%
ESI	B	0.17%	0.37%	0.17%
ESNT	F	0.18%	0.31%	0.18%
FFBC	B	0.07%	0.43%	0.07%
FFIV	B	0.4%	0.42%	0.4%
FHN	A	0.27%	0.43%	0.27%
FIBK	B	0.08%	0.41%	0.08%
GEF	A	0.04%	0.34%	0.04%
GEF	A	0.0%	0.34%	0.0%
GIII	D	0.03%	0.34%	0.03%
HASI	D	0.12%	0.32%	0.12%
HELE	C	0.04%	0.18%	0.04%
HNI	B	0.06%	0.4%	0.06%
HPP	F	0.02%	0.21%	0.02%
HWC	B	0.13%	0.42%	0.13%
INGR	C	0.25%	0.42%	0.25%
IPG	D	0.32%	0.29%	0.29%
IPGP	D	0.06%	0.27%	0.06%
ITGR	B	0.12%	0.38%	0.12%
KELYA	F	0.02%	0.2%	0.02%
KRO	C	0.01%	0.32%	0.01%
LAD	A	0.26%	0.4%	0.26%
LCII	C	0.04%	0.31%	0.04%
LEA	F	0.16%	0.22%	0.16%
LEVI	F	0.02%	0.27%	0.02%
LZB	B	0.05%	0.37%	0.05%
MATX	C	0.15%	0.48%	0.15%
MKSI	C	0.2%	0.27%	0.2%
MSA	F	0.18%	0.3%	0.18%
MTH	D	0.19%	0.33%	0.19%
MXL	C	0.01%	0.26%	0.01%
NTCT	C	0.04%	0.34%	0.04%
NYT	D	0.25%	0.41%	0.25%
OMF	A	0.17%	0.36%	0.17%
OZK	B	0.14%	0.34%	0.14%
PARA	C	0.17%	0.31%	0.17%
PCRX	C	0.02%	0.18%	0.02%
PFGC	B	0.37%	0.37%	0.37%
PFSI	C	0.07%	0.36%	0.07%
PINC	B	0.06%	0.34%	0.06%
PIPR	A	0.14%	0.54%	0.14%
PPBI	C	0.07%	0.39%	0.07%
PRI	B	0.27%	0.38%	0.27%
REZI	A	0.08%	0.37%	0.08%
RHI	C	0.2%	0.32%	0.2%
RL	C	0.22%	0.36%	0.22%
RUSHA	C	0.1%	0.38%	0.1%
SCL	C	0.05%	0.27%	0.05%
SCS	C	0.03%	0.33%	0.03%
SCSC	C	0.03%	0.36%	0.03%
SFM	A	0.38%	0.73%	0.38%
SHO	D	0.06%	0.31%	0.06%
SHOO	F	0.05%	0.34%	0.05%
SIGI	C	0.16%	0.3%	0.16%
TGNA	B	0.08%	0.41%	0.08%
THR	B	0.03%	0.3%	0.03%
THS	D	0.05%	0.26%	0.05%
TPH	D	0.11%	0.35%	0.11%
USNA	C	0.01%	0.27%	0.01%
UTHR	C	0.49%	0.56%	0.49%
VAC	C	0.07%	0.28%	0.07%
VOYA	B	0.23%	0.36%	0.23%
VVV	D	0.15%	0.31%	0.15%
WBS	A	0.26%	0.39%	0.26%
WTFC	A	0.23%	0.41%	0.23%
WTS	B	0.15%	0.32%	0.15%
XHR	B	0.02%	0.33%	0.02%

VBR Overweight 699 Positions Relative to ETHO

Symbol	Grade	Weight
SW	A	0.78%
BAH	F	0.69%
EME	A	0.61%
FCNCA	A	0.61%
BLDR	D	0.58%
ATO	A	0.58%
CSL	C	0.57%
NRG	B	0.55%
RPM	A	0.48%
PNR	A	0.48%
KIM	A	0.47%
IEX	C	0.47%
RS	B	0.46%
OC	A	0.45%
TOL	B	0.44%
USFD	A	0.44%
THC	D	0.43%
ACM	B	0.42%
EQH	C	0.42%
RGA	A	0.41%
RNR	C	0.4%
JBL	C	0.39%
WSM	C	0.39%
EWBC	A	0.39%
JLL	D	0.38%
REG	A	0.38%
GLPI	C	0.38%
TTEK	F	0.38%
JNPR	D	0.37%
ALLE	C	0.36%
EMN	C	0.36%
CACI	D	0.36%
LDOS	C	0.36%
CPT	B	0.36%
NVT	B	0.36%
BG	D	0.35%
SJM	D	0.34%
CHRW	B	0.34%
UHS	D	0.34%
CG	B	0.34%
AES	F	0.34%
SCI	B	0.33%
BJ	A	0.33%
CCK	D	0.33%
KMX	B	0.33%
ITT	A	0.33%
BXP	C	0.33%
HUBB	B	0.33%
TPR	B	0.32%
OHI	C	0.32%
RRX	B	0.32%
FBIN	D	0.3%
OVV	B	0.3%
AA	A	0.3%
AIZ	A	0.29%
ARMK	B	0.29%
PNW	A	0.29%
EHC	B	0.29%
SOLV	D	0.29%
SF	B	0.29%
WCC	B	0.28%
TAP	C	0.28%
TFX	F	0.28%
GL	C	0.28%
WTRG	B	0.28%
UNM	A	0.28%
STLD	B	0.28%
EVR	B	0.28%
LKQ	F	0.28%
AFG	A	0.28%
JEF	A	0.27%
Z	A	0.27%
AYI	B	0.27%
FRT	B	0.27%
MLI	B	0.27%
ALSN	B	0.27%
APA	D	0.26%
SEIC	B	0.26%
DTM	A	0.26%
AAL	B	0.26%
DCI	B	0.26%
AIT	B	0.26%
FYBR	C	0.26%
HSIC	C	0.26%
KBR	F	0.26%
FLR	B	0.26%
MUSA	B	0.26%
APG	B	0.25%
GPK	C	0.25%
GME	C	0.25%
MOS	F	0.25%
HAS	D	0.25%
WAL	B	0.25%
VFC	C	0.24%
FMC	D	0.24%
BRX	A	0.24%
ORI	A	0.24%
AXTA	B	0.24%
HRB	D	0.24%
EGP	D	0.24%
CHRD	D	0.23%
DKS	D	0.23%
DOC	C	0.23%
X	B	0.23%
NI	A	0.23%
NNN	C	0.23%
KNX	C	0.23%
OGE	A	0.23%
SAIC	F	0.22%
SNX	D	0.22%
IVZ	B	0.22%
SSB	B	0.22%
ADC	A	0.22%
VNO	C	0.22%
JXN	C	0.22%
CR	A	0.22%
BWA	D	0.22%
ZION	B	0.22%
ESAB	C	0.21%
UFPI	C	0.21%
COHR	B	0.21%
MHK	D	0.21%
XPO	B	0.21%
HII	F	0.21%
CFR	B	0.21%
ANF	F	0.2%
QRVO	F	0.2%
RLI	A	0.2%
TMHC	C	0.2%
STAG	D	0.2%
G	B	0.2%
SNV	C	0.2%
RRC	B	0.2%
FLS	B	0.2%
MAT	D	0.2%
BIO	C	0.2%
FR	D	0.2%
MIDD	C	0.2%
FCN	F	0.2%
AGCO	D	0.19%
BPOP	C	0.19%
JAZZ	B	0.19%
MTG	C	0.19%
LUMN	C	0.19%
EVRG	A	0.19%
UHAL	D	0.19%
PB	B	0.19%
KEX	B	0.19%
OSK	C	0.19%
R	B	0.18%
ALK	B	0.18%
CLF	F	0.18%
CADE	B	0.18%
ONB	C	0.18%
CMC	B	0.18%
BBWI	C	0.18%
LPX	B	0.18%
DINO	D	0.18%
STWD	C	0.18%
FAF	A	0.18%
ARW	D	0.18%
VMI	B	0.18%
WHR	B	0.17%
BECN	B	0.17%
VNT	C	0.17%
NSIT	F	0.17%
SRCL	B	0.17%
ACI	C	0.17%
LAMR	C	0.17%
SUM	B	0.17%
SIRI	C	0.17%
DVA	C	0.17%
CRUS	D	0.17%
CBT	D	0.17%
GBCI	B	0.17%
LNC	C	0.17%
AXS	A	0.17%
NXST	C	0.16%
COOP	B	0.16%
MOG.A	B	0.16%
AMG	B	0.16%
PVH	C	0.16%
KNF	B	0.16%
IDA	A	0.16%
NFG	A	0.16%
TPG	A	0.16%
ALB	B	0.16%
NCLH	B	0.16%
MDU	D	0.16%
KBH	D	0.15%
GAP	C	0.15%
UBSI	B	0.15%
UGI	C	0.15%
SON	F	0.15%
PSN	D	0.15%
BCC	B	0.15%
ST	F	0.15%
FNB	A	0.15%
TKR	D	0.15%
AN	C	0.15%
RDN	D	0.15%
THO	B	0.15%
JHG	B	0.15%
BC	C	0.15%
KD	B	0.15%
GPI	B	0.14%
BDC	C	0.14%
RYN	D	0.14%
CUZ	B	0.14%
XRAY	F	0.14%
KRC	B	0.14%
KTB	B	0.14%
AVT	C	0.14%
MDGL	B	0.14%
SLM	A	0.14%
THG	A	0.14%
OLN	F	0.14%
OGN	F	0.14%
AM	A	0.14%
AUR	C	0.14%
POR	C	0.14%
CNX	A	0.14%
SLG	B	0.14%
HOMB	A	0.14%
GATX	A	0.14%
ZWS	B	0.14%
RIVN	F	0.13%
PR	B	0.13%
BCO	F	0.13%
WTM	A	0.13%
EAT	A	0.13%
FFIN	B	0.13%
LYFT	C	0.13%
AL	B	0.13%
SWX	B	0.13%
MUR	D	0.13%
SBRA	C	0.13%
UMBF	B	0.13%
NJR	A	0.13%
GTES	A	0.13%
ACA	A	0.13%
DNB	B	0.12%
ICUI	D	0.12%
FUL	F	0.12%
M	F	0.12%
OGS	A	0.12%
MAC	B	0.12%
ABCB	B	0.12%
EDR	A	0.12%
VLY	B	0.12%
BKH	A	0.12%
SLGN	A	0.12%
AGO	B	0.12%
CRC	A	0.12%
MGM	D	0.12%
FLO	D	0.12%
SEE	C	0.12%
AVNT	B	0.12%
NVST	B	0.11%
HUN	F	0.11%
SKYW	C	0.11%
CDP	C	0.11%
SKT	A	0.11%
WU	F	0.11%
SANM	B	0.11%
PBH	A	0.11%
AX	B	0.11%
ASO	F	0.11%
GVA	A	0.11%
ESGR	B	0.11%
KFY	B	0.11%
ALE	A	0.11%
PII	F	0.11%
SMG	C	0.11%
ACHC	F	0.11%
NUVL	C	0.11%
HOG	D	0.11%
KMPR	A	0.11%
AR	B	0.11%
PNFP	B	0.11%
HL	D	0.11%
SIG	B	0.11%
MTZ	B	0.11%
ENS	F	0.11%
ASGN	F	0.11%
ASH	F	0.11%
PLXS	B	0.11%
PNM	B	0.11%
BEN	C	0.1%
WBA	F	0.1%
MGEE	B	0.1%
NWE	B	0.1%
PCH	F	0.1%
OTTR	C	0.1%
TEX	F	0.1%
FULT	A	0.1%
WEN	D	0.1%
HCC	B	0.1%
BNL	D	0.1%
ABM	B	0.1%
SEM	B	0.1%
BGC	C	0.1%
NHI	D	0.1%
UCB	A	0.1%
IBOC	B	0.1%
EPR	C	0.1%
CNO	B	0.1%
AEO	F	0.1%
IAC	F	0.1%
NWL	C	0.1%
PRGO	C	0.1%
SR	A	0.1%
WD	D	0.1%
GMS	B	0.1%
MSM	C	0.1%
HIW	C	0.1%
TCBI	C	0.1%
DXC	B	0.1%
GNW	A	0.09%
WSFS	B	0.09%
AVA	A	0.09%
JWN	D	0.09%
DEI	B	0.09%
MAN	F	0.09%
SATS	D	0.09%
MIR	A	0.09%
PENN	C	0.09%
PTEN	C	0.09%
PAG	B	0.09%
NPO	A	0.09%
ADTN	A	0.09%
APAM	B	0.09%
TDC	D	0.09%
AMED	F	0.09%
CWK	C	0.09%
BTU	B	0.09%
CATY	B	0.09%
FBP	C	0.09%
FHB	B	0.09%
TNL	A	0.09%
EBC	B	0.09%
PRIM	A	0.09%
SXT	C	0.09%
COMP	B	0.09%
CBU	B	0.09%
AROC	A	0.09%
FHI	B	0.09%
ESE	B	0.09%
AKR	B	0.08%
CVBF	A	0.08%
CXT	C	0.08%
LXP	D	0.08%
ABR	C	0.08%
NSP	F	0.08%
PBF	D	0.08%
TDS	B	0.08%
IOSP	C	0.08%
UE	B	0.08%
UNF	B	0.08%
CC	C	0.08%
SYNA	C	0.08%
DBRG	F	0.08%
PRGS	A	0.08%
GHC	B	0.08%
PK	C	0.08%
WAFD	B	0.08%
SFNC	C	0.08%
MPW	F	0.08%
ALIT	C	0.08%
GFF	A	0.08%
MGRC	B	0.08%
RNG	C	0.08%
TRN	B	0.08%
IOVA	F	0.08%
BHF	C	0.08%
ATGE	B	0.08%
BYD	B	0.07%
OMCL	C	0.07%
GT	C	0.07%
ENR	B	0.07%
ENOV	C	0.07%
CDE	C	0.07%
PFS	B	0.07%
PECO	A	0.07%
HBI	B	0.07%
CWEN	C	0.07%
RNA	C	0.07%
CNXC	F	0.07%
VSCO	C	0.07%
SPB	C	0.07%
SM	B	0.07%
DY	D	0.07%
MTX	B	0.07%
HAYW	B	0.07%
ARCB	C	0.07%
BFH	C	0.07%
BXMT	C	0.07%
OUT	A	0.07%
PRK	B	0.07%
URBN	C	0.07%
ARCH	B	0.07%
INDB	B	0.07%
HUBG	A	0.07%
WLK	D	0.07%
POST	C	0.07%
VIRT	A	0.07%
NMRK	C	0.06%
NATL	B	0.06%
CGON	F	0.06%
AZTA	D	0.06%
TRMK	C	0.06%
LRN	A	0.06%
IMVT	F	0.06%
RXO	D	0.06%
PHIN	A	0.06%
HI	C	0.06%
BLKB	B	0.06%
KSS	F	0.06%
KMT	B	0.06%
BANF	B	0.06%
MHO	D	0.06%
NBTB	B	0.06%
AIR	B	0.06%
WLY	B	0.06%
GEO	B	0.06%
EQC	B	0.06%
SMMT	D	0.06%
STRA	C	0.06%
PSMT	D	0.06%
SFBS	C	0.06%
ZG	A	0.06%
VIAV	C	0.06%
IBTX	B	0.06%
HURN	C	0.06%
FRME	B	0.06%
RNST	B	0.06%
ZD	B	0.06%
EVTC	B	0.06%
LAUR	A	0.06%
MTRN	C	0.06%
VSH	F	0.06%
AIN	C	0.06%
INFA	D	0.06%
IVT	A	0.06%
AAP	D	0.06%
TOWN	B	0.06%
B	A	0.06%
OSIS	A	0.06%
AZZ	A	0.06%
WERN	C	0.06%
TTMI	C	0.06%
JOBY	B	0.06%
SXI	B	0.06%
FL	F	0.06%
BANR	B	0.06%
CPRI	F	0.06%
MLKN	F	0.05%
DDS	B	0.05%
FCF	B	0.05%
UAA	C	0.05%
HEES	C	0.05%
CHCO	B	0.05%
CNK	C	0.05%
APOG	C	0.05%
LTC	B	0.05%
PDCO	F	0.05%
DRH	B	0.05%
HE	C	0.05%
NWBI	B	0.05%
NBHC	C	0.05%
GOLF	B	0.05%
PZZA	F	0.05%
KAR	B	0.05%
PPC	C	0.05%
OI	C	0.05%
STEP	C	0.05%
GBX	A	0.05%
PRG	C	0.05%
VSTS	C	0.05%
WSBC	B	0.05%
SUPN	C	0.05%
GNL	F	0.05%
CRGY	B	0.05%
LGND	C	0.05%
VYX	B	0.05%
MCY	A	0.05%
OFG	B	0.05%
ROIC	A	0.05%
EIG	B	0.04%
PBI	B	0.04%
ARI	C	0.04%
FDP	B	0.04%
DYN	F	0.04%
PDM	D	0.04%
SPNT	B	0.04%
IART	C	0.04%
VC	F	0.04%
WS	C	0.04%
DNOW	B	0.04%
GO	C	0.04%
VRE	B	0.04%
BKE	B	0.04%
NNI	D	0.04%
LADR	B	0.04%
RRR	F	0.04%
WABC	B	0.04%
REVG	C	0.04%
VRNT	C	0.04%
CAR	C	0.04%
SBH	C	0.04%
ALEX	B	0.04%
NX	C	0.04%
STBA	B	0.04%
ESRT	C	0.04%
HTH	C	0.04%
CODI	B	0.04%
BLMN	F	0.04%
WT	A	0.04%
REYN	D	0.04%
HOPE	C	0.04%
VCTR	B	0.04%
TROX	D	0.04%
UPBD	B	0.04%
CXW	C	0.04%
SMR	B	0.04%
KN	B	0.04%
VRTS	B	0.04%
WKC	C	0.04%
ANDE	D	0.04%
JBGS	F	0.04%
NWN	A	0.04%
ELME	D	0.04%
BHE	C	0.04%
HP	C	0.04%
CENTA	C	0.04%
LC	A	0.04%
FTRE	D	0.04%
HMN	B	0.04%
NGVT	B	0.04%
NHC	C	0.04%
LEG	F	0.04%
GTY	A	0.04%
HLIO	B	0.04%
NPAB	F	0.04%
CABO	B	0.04%
AVNS	F	0.03%
MMI	C	0.03%
FA	C	0.03%
XRX	F	0.03%
LGF.A	C	0.03%
CWEN	C	0.03%
BV	C	0.03%
OMI	F	0.03%
JACK	C	0.03%
MYGN	F	0.03%
BRKL	B	0.03%
DK	C	0.03%
DNUT	F	0.03%
RWT	D	0.03%
USM	B	0.03%
ODP	F	0.03%
MRC	B	0.03%
DAN	D	0.03%
UA	C	0.03%
WMK	C	0.03%
KWR	C	0.03%
INSW	F	0.03%
ECPG	C	0.03%
TRS	B	0.03%
INVA	D	0.03%
SNDR	B	0.03%
CBRL	C	0.03%
MD	C	0.03%
ACT	C	0.03%
KFRC	D	0.03%
FBRT	D	0.03%
CSR	B	0.03%
ATSG	B	0.03%
OXM	F	0.03%
HTLF	B	0.03%
VSAT	F	0.03%
NAVI	F	0.03%
SAFT	B	0.03%
RBRK	A	0.03%
CNNE	B	0.03%
MSGE	F	0.03%
KALU	C	0.03%
AIV	C	0.03%
JELD	F	0.03%
UNFI	A	0.03%
WOR	F	0.03%
VSTO	A	0.03%
WWW	A	0.03%
BHLB	B	0.03%
PMT	C	0.03%
BKD	F	0.03%
UNIT	B	0.03%
AMRX	C	0.03%
UVV	B	0.03%
CMPR	D	0.02%
SVC	F	0.02%
ATUS	B	0.02%
DAWN	D	0.02%
CVI	F	0.02%
FOR	F	0.02%
NAPA	A	0.02%
CWH	B	0.02%
BASE	B	0.02%
PUMP	C	0.02%
HY	D	0.02%
AXL	C	0.02%
BGS	F	0.02%
UHAL	D	0.02%
RGR	F	0.02%
KOP	C	0.02%
SWI	C	0.02%
MODG	F	0.02%
SEB	F	0.02%
BMBL	C	0.02%
MATW	C	0.02%
KREF	C	0.02%
PRLB	B	0.02%
ECVT	C	0.02%
AMWD	C	0.02%
ETWO	F	0.02%
HLF	C	0.02%
ASTE	C	0.02%
CFFN	C	0.02%
WNC	C	0.02%
CMTG	F	0.02%
TMP	B	0.02%
SAH	C	0.02%
PRAA	D	0.02%
FG	A	0.02%
PRA	C	0.02%
MNRO	D	0.02%
HAIN	D	0.02%
BRSP	C	0.02%
MATV	D	0.02%
HCSG	C	0.02%
EMBC	C	0.02%
EYE	C	0.02%
DLX	B	0.02%
BDN	C	0.02%
JBLU	F	0.02%
OLPX	D	0.01%
OPK	C	0.01%
TWKS	B	0.01%
DIN	C	0.01%
CENT	C	0.01%
ALX	D	0.01%
CMP	C	0.01%
AMBC	C	0.01%
TGI	B	0.01%
VREX	B	0.01%
SWBI	C	0.01%
CNDT	C	0.01%
ZIP	D	0.01%
TRTX	C	0.01%
SRCL	B	0.01%
HTZ	C	0.01%
CRCT	F	0.01%
WOOF	D	0.01%
NVRI	D	0.01%
INN	D	0.01%
RUSHB	C	0.01%
WRLD	C	0.01%
VMEO	B	0.01%
RMR	F	0.01%
EGBN	B	0.01%
GRC	A	0.01%
EE	A	0.01%
NABL	F	0.01%
SSTK	F	0.01%
PTVE	B	0.01%
BJRI	C	0.01%
FWRD	D	0.01%
CCO	C	0.01%
CLB	B	0.01%
CLBK	C	0.01%
HTLD	C	0.01%
ARRY	F	0.01%
BFS	C	0.01%
SCHL	F	0.01%
DJT	C	0.01%
TILE	B	0.01%
GCMG	B	0.01%
LGF.A	C	0.01%
CAL	F	0.01%
GES	F	0.01%
SCWX	C	0.0%
AC	B	0.0%
AMCX	C	0.0%
ACDC	B	0.0%
TASK	C	0.0%
LESL	D	0.0%
LDI	C	0.0%
NUS	D	0.0%
BRCC	F	0.0%

VBR Underweight 191 Positions Relative to ETHO

Symbol	Grade	Weight
AGIO	C	-0.65%
TSLA	B	-0.61%
LITE	B	-0.6%
VCYT	B	-0.58%
ALNY	D	-0.57%
FTDR	B	-0.56%
IDCC	B	-0.56%
SASR	B	-0.55%
HLNE	B	-0.55%
TWLO	A	-0.53%
NVDA	B	-0.52%
PODD	C	-0.51%
CARG	B	-0.51%
GDDY	A	-0.51%
PLNT	A	-0.5%
GKOS	B	-0.49%
AAON	B	-0.49%
PTGX	D	-0.48%
CAC	C	-0.48%
TMUS	B	-0.48%
EXEL	B	-0.48%
EXTR	C	-0.47%
SMAR	B	-0.47%
CPRX	C	-0.46%
BMI	B	-0.45%
BKNG	A	-0.45%
LQDT	B	-0.44%
ANET	C	-0.44%
NFLX	A	-0.44%
NOW	A	-0.44%
DOCU	B	-0.44%
CNS	B	-0.43%
MOD	A	-0.43%
DFS	B	-0.43%
MMSI	A	-0.43%
ZM	C	-0.42%
PYPL	B	-0.42%
AAPL	C	-0.42%
EPRT	B	-0.41%
AXP	A	-0.41%
LII	A	-0.41%
MSEX	C	-0.41%
HBAN	A	-0.41%
BRO	B	-0.41%
BOX	B	-0.4%
TTWO	A	-0.4%
EA	A	-0.4%
KEY	B	-0.4%
VRSK	A	-0.4%
URI	C	-0.39%
TXN	C	-0.39%
LPLA	A	-0.39%
AJG	A	-0.39%
TJX	A	-0.39%
CSCO	B	-0.39%
ADSK	A	-0.39%
PAYX	B	-0.39%
ATEN	A	-0.39%
BE	B	-0.39%
NTNX	B	-0.38%
SSNC	B	-0.38%
DAY	B	-0.38%
DEA	D	-0.38%
NMIH	C	-0.38%
VRTX	D	-0.38%
GWW	B	-0.38%
CTS	C	-0.38%
RMD	C	-0.38%
ATRC	C	-0.38%
TRMB	B	-0.37%
BUSE	B	-0.37%
CRM	B	-0.37%
DECK	A	-0.37%
NTAP	C	-0.37%
PAYC	B	-0.37%
BCPC	B	-0.37%
DBX	B	-0.37%
BURL	B	-0.37%
CWT	C	-0.37%
JBT	B	-0.37%
DT	D	-0.37%
IT	C	-0.37%
INFN	D	-0.36%
V	A	-0.36%
HUBS	A	-0.36%
AMGN	F	-0.35%
HAE	C	-0.35%
ADI	D	-0.35%
OMC	C	-0.35%
AWK	C	-0.35%
MA	B	-0.35%
INTU	B	-0.35%
MSCI	C	-0.35%
ZS	B	-0.35%
DDOG	A	-0.34%
KR	B	-0.34%
LFUS	D	-0.34%
RARE	F	-0.34%
ZTS	D	-0.34%
YETI	D	-0.34%
ADBE	C	-0.34%
PEN	B	-0.34%
VEEV	C	-0.33%
JKHY	D	-0.33%
MSFT	D	-0.33%
WDAY	B	-0.33%
ITW	B	-0.33%
VZ	C	-0.33%
FELE	B	-0.33%
PTC	B	-0.33%
CMG	B	-0.33%
CHD	A	-0.33%
WRB	A	-0.33%
AMTB	B	-0.33%
KMB	C	-0.33%
NOVT	D	-0.32%
BZH	C	-0.32%
VRSN	C	-0.32%
TTGT	B	-0.32%
CGNX	D	-0.32%
PFE	F	-0.32%
ROK	C	-0.32%
CDNS	B	-0.32%
ANSS	B	-0.32%
RHP	B	-0.32%
OLED	F	-0.32%
TER	F	-0.31%
NDSN	B	-0.31%
QCOM	F	-0.31%
SYY	D	-0.31%
ROST	D	-0.31%
XYL	D	-0.31%
PSTG	D	-0.31%
FC	F	-0.31%
BL	B	-0.31%
KLAC	F	-0.3%
CASS	C	-0.3%
POWI	F	-0.29%
AMAT	F	-0.29%
MPWR	F	-0.29%
PLD	F	-0.29%
NBIX	C	-0.29%
ALG	B	-0.28%
GPN	B	-0.28%
IONS	F	-0.28%
ROG	D	-0.28%
RMBS	B	-0.28%
SITE	F	-0.27%
MDB	B	-0.27%
MYRG	B	-0.27%
REXR	F	-0.27%
GNTX	C	-0.27%
FND	D	-0.26%
IDXX	F	-0.26%
CYTK	F	-0.26%
AOS	F	-0.26%
RGEN	D	-0.26%
THRM	F	-0.25%
LRCX	F	-0.25%
BMRN	F	-0.25%
AMD	F	-0.25%
COHU	C	-0.25%
ETSY	D	-0.25%
CDW	F	-0.24%
TREX	C	-0.24%
TPIC	F	-0.24%
IRBT	F	-0.24%
EXAS	D	-0.24%
DENN	D	-0.24%
MRK	D	-0.24%
ENTG	D	-0.24%
OKTA	C	-0.24%
ARWR	D	-0.24%
EW	C	-0.23%
MOV	D	-0.23%
HVT	D	-0.22%
CROX	D	-0.22%
LSCC	D	-0.21%
EB	C	-0.21%
ALLO	F	-0.2%
PLUG	F	-0.19%
BRKR	D	-0.19%
NOVA	F	-0.18%
W	D	-0.18%
DXCM	C	-0.17%
ENPH	F	-0.16%
MRNA	F	-0.13%
EDIT	F	-0.13%
EL	F	-0.13%
NVRO	F	-0.1%
CHGG	C	-0.07%