VFH vs. ICAP ETF Comparison

Comparison of Vanguard Financials ETF - DNQ (VFH) to InfraCap Equity Income Fund ETF (ICAP)

VFH

Vanguard Financials ETF - DNQ

VFH Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Financials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the financials sector, as classified under the Global Industry Classification Standard (GICS). 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. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$124.79

Average Daily Volume

334,507

Number of Holdings ^*

381

* may have additional holdings in another (foreign) market

ICAP

InfraCap Equity Income Fund ETF

ICAP Description

The investment seeks to maximize income and pursue total return opportunities. The fund, under normal conditions, will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies that pay dividends during normal market conditions. The fund will invest primarily in securities of U.S. companies, but may invest in foreign securities, including securities of companies located in emerging markets. To obtain high yield and total return, the adviser will favor sectors and industries that it currently views are undervalued on a relative basis.

Grade (RS Rating)

Last Trade

$28.09

Average Daily Volume

7,908

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VFH	ICAP
30 Days	9.01%	3.15%
60 Days	13.11%	4.72%
90 Days	16.11%	7.68%
12 Months	49.19%	32.68%

11 Overlapping Holdings

Symbol	Grade	Weight in VFH	Weight in ICAP	Overlap
ARES	A	0.42%	1.47%	0.42%
BAC	A	3.93%	3.05%	3.05%
C	A	1.63%	4.23%	1.63%
CFG	B	0.26%	3.15%	0.26%
FITB	A	0.4%	1.06%	0.4%
GS	A	2.23%	4.97%	2.23%
JPM	A	8.51%	1.61%	1.61%
MS	A	1.89%	1.98%	1.89%
MTB	A	0.43%	3.96%	0.43%
TFC	A	0.77%	2.05%	0.77%
USB	A	1.01%	1.03%	1.01%

VFH Overweight 370 Positions Relative to ICAP

Symbol	Grade	Weight
BRK.A	B	7.98%
MA	C	5.54%
V	A	4.17%
WFC	A	3.02%
AXP	A	2.08%
SPGI	C	2.05%
BLK	C	1.95%
PGR	A	1.9%
BX	A	1.6%
FI	A	1.55%
CB	C	1.46%
MMC	B	1.44%
SCHW	B	1.43%
ICE	C	1.19%
KKR	A	1.15%
CME	A	1.08%
PYPL	B	1.05%
MCO	B	1.0%
PNC	B	1.0%
AON	A	0.96%
COF	B	0.83%
AJG	B	0.82%
AFL	B	0.76%
APO	B	0.76%
TRV	B	0.75%
BK	A	0.74%
AMP	A	0.68%
FIS	C	0.67%
AIG	B	0.67%
ALL	A	0.66%
MET	A	0.63%
MSCI	C	0.6%
PRU	A	0.59%
SQ	B	0.54%
DFS	B	0.5%
ACGL	D	0.49%
COIN	C	0.46%
HIG	B	0.44%
NDAQ	A	0.43%
WTW	B	0.41%
RJF	A	0.39%
STT	A	0.37%
GPN	B	0.35%
BRO	B	0.34%
TROW	B	0.33%
CBOE	B	0.3%
HBAN	A	0.3%
SYF	B	0.29%
RF	A	0.29%
CPAY	A	0.29%
CINF	A	0.29%
LPLA	A	0.28%
MKL	A	0.27%
NTRS	A	0.27%
PFG	D	0.26%
FCNCA	A	0.26%
FDS	B	0.23%
WRB	A	0.23%
KEY	B	0.22%
EG	C	0.21%
IBKR	A	0.21%
FNF	B	0.21%
EQH	B	0.2%
TW	A	0.2%
L	A	0.2%
RGA	A	0.19%
RNR	C	0.19%
JKHY	D	0.18%
EWBC	A	0.18%
HOOD	B	0.17%
CG	A	0.16%
UNM	A	0.16%
MKTX	D	0.15%
SOFI	A	0.15%
ERIE	D	0.15%
AFRM	B	0.14%
JEF	A	0.14%
OWL	A	0.14%
SF	B	0.14%
TOST	B	0.14%
KNSL	B	0.13%
FHN	A	0.13%
PRI	A	0.13%
ALLY	C	0.13%
EVR	B	0.13%
GL	B	0.13%
AIZ	A	0.13%
WAL	B	0.12%
CRBG	B	0.12%
WBS	A	0.12%
ORI	A	0.12%
MORN	B	0.12%
HLI	B	0.12%
AFG	A	0.12%
VOYA	B	0.11%
PNFP	B	0.11%
SEIC	B	0.11%
CMA	A	0.11%
WEX	D	0.1%
SNV	B	0.1%
SSB	B	0.1%
JXN	C	0.1%
CBSH	A	0.1%
ZION	B	0.1%
WTFC	A	0.1%
CFR	B	0.1%
RLI	B	0.09%
ESNT	D	0.09%
BPOP	B	0.09%
FAF	A	0.09%
RYAN	B	0.09%
MTG	C	0.09%
AGNC	D	0.09%
HLNE	B	0.09%
PB	A	0.09%
COOP	B	0.08%
IVZ	B	0.08%
STWD	C	0.08%
LNC	B	0.08%
OMF	A	0.08%
GBCI	B	0.08%
COLB	A	0.08%
BEN	C	0.08%
CADE	B	0.08%
AMG	B	0.08%
ONB	B	0.08%
AXS	A	0.08%
PIPR	B	0.07%
TPG	A	0.07%
FOUR	B	0.07%
UMBF	B	0.07%
UBSI	B	0.07%
FNB	A	0.07%
HOMB	A	0.07%
JHG	A	0.07%
RDN	C	0.07%
THG	A	0.07%
SIGI	C	0.07%
EEFT	B	0.06%
SFBS	B	0.06%
AGO	B	0.06%
PFSI	D	0.06%
SLM	A	0.06%
FFIN	B	0.06%
HWC	B	0.06%
WTM	A	0.06%
OZK	B	0.06%
MC	C	0.06%
AUB	B	0.05%
IBOC	A	0.05%
BGC	C	0.05%
STEP	B	0.05%
TCBI	B	0.05%
ASB	B	0.05%
WU	D	0.05%
UPST	B	0.05%
AX	A	0.05%
WD	D	0.05%
CNO	A	0.05%
ESGR	B	0.05%
HASI	D	0.05%
KMPR	B	0.05%
ABCB	B	0.05%
VLY	B	0.05%
BKU	A	0.04%
INDB	B	0.04%
CVBF	A	0.04%
OSCR	D	0.04%
DBRG	F	0.04%
CNS	B	0.04%
ABR	C	0.04%
WAFD	B	0.04%
PRK	B	0.04%
CACC	D	0.04%
BOH	B	0.04%
SFNC	B	0.04%
FIBK	A	0.04%
NMIH	D	0.04%
WSFS	A	0.04%
GNW	A	0.04%
BHF	B	0.04%
BXMT	C	0.04%
APAM	B	0.04%
BOKF	B	0.04%
EBC	B	0.04%
CATY	B	0.04%
FHB	A	0.04%
PJT	A	0.04%
FHI	A	0.04%
FBP	B	0.04%
CBU	B	0.04%
FULT	A	0.04%
UCB	A	0.04%
MCY	A	0.03%
FLYW	C	0.03%
STC	B	0.03%
PRG	C	0.03%
FRHC	B	0.03%
TFIN	A	0.03%
EFSC	B	0.03%
TRMK	B	0.03%
RKT	F	0.03%
NBTB	B	0.03%
FRME	B	0.03%
RNST	B	0.03%
EVTC	B	0.03%
IBTX	B	0.03%
BANC	A	0.03%
BANR	B	0.03%
PLMR	B	0.03%
MQ	F	0.03%
SBCF	A	0.03%
PFS	B	0.03%
BANF	B	0.03%
ENVA	B	0.03%
TOWN	B	0.03%
FFBC	A	0.03%
PPBI	B	0.03%
BFH	B	0.03%
TBBK	B	0.03%
VCTR	B	0.03%
HTLF	B	0.03%
PAYO	A	0.03%
VIRT	B	0.03%
SNEX	B	0.03%
GSHD	A	0.03%
BHLB	B	0.02%
RC	D	0.02%
PMT	D	0.02%
SAFT	C	0.02%
NAVI	C	0.02%
ARI	C	0.02%
GABC	B	0.02%
LMND	B	0.02%
EIG	B	0.02%
WT	B	0.02%
LADR	B	0.02%
LOB	B	0.02%
SPNT	A	0.02%
QCRH	A	0.02%
NIC	B	0.02%
TCBK	B	0.02%
BUSE	B	0.02%
WABC	B	0.02%
CUBI	C	0.02%
STBA	B	0.02%
VBTX	B	0.02%
CODI	B	0.02%
HOPE	B	0.02%
HTH	B	0.02%
SKWD	A	0.02%
SASR	B	0.02%
VRTS	B	0.02%
HMN	B	0.02%
NWBI	B	0.02%
NNI	D	0.02%
LC	A	0.02%
DFIN	D	0.02%
LKFN	B	0.02%
NBHC	B	0.02%
FCF	A	0.02%
FBNC	A	0.02%
AGM	C	0.02%
CHCO	B	0.02%
SYBT	B	0.02%
CASH	A	0.02%
NATL	B	0.02%
TRUP	B	0.02%
FBK	B	0.02%
WSBC	A	0.02%
OFG	B	0.02%
WRLD	C	0.01%
HIFS	B	0.01%
KRNY	B	0.01%
FFIC	B	0.01%
MPB	B	0.01%
DHIL	A	0.01%
SPFI	B	0.01%
UFCS	B	0.01%
PAY	B	0.01%
CARE	C	0.01%
PX	A	0.01%
HONE	B	0.01%
SMBK	B	0.01%
THFF	B	0.01%
TIPT	B	0.01%
AROW	B	0.01%
BHB	B	0.01%
NFBK	B	0.01%
CCBG	B	0.01%
TRTX	B	0.01%
AMBC	C	0.01%
PGC	C	0.01%
FMNB	B	0.01%
MCB	B	0.01%
MSBI	B	0.01%
GDOT	D	0.01%
IIIV	C	0.01%
CCNE	B	0.01%
CASS	B	0.01%
UVE	B	0.01%
GSBC	B	0.01%
AMAL	B	0.01%
LPRO	C	0.01%
NRDS	C	0.01%
IMXI	B	0.01%
UWMC	D	0.01%
WASH	C	0.01%
SMBC	B	0.01%
EQBK	A	0.01%
HTBK	A	0.01%
EZPW	A	0.01%
CAC	B	0.01%
TRST	A	0.01%
BFST	C	0.01%
RPAY	D	0.01%
TREE	F	0.01%
MBWM	B	0.01%
KREF	D	0.01%
IBCP	B	0.01%
CFB	B	0.01%
CCB	A	0.01%
HBNC	B	0.01%
FCBC	B	0.01%
HAFC	A	0.01%
CMTG	F	0.01%
AMTB	B	0.01%
BY	B	0.01%
OSBC	A	0.01%
PRA	C	0.01%
CPF	A	0.01%
PRAA	C	0.01%
EGBN	B	0.01%
MBIN	D	0.01%
FMBH	B	0.01%
CTBI	B	0.01%
BSIG	A	0.01%
TMP	B	0.01%
BRSP	B	0.01%
HFWA	B	0.01%
UVSP	B	0.01%
CFFN	B	0.01%
PFC	A	0.01%
BFC	B	0.01%
CNOB	B	0.01%
SBSI	B	0.01%
DX	B	0.01%
HCI	C	0.01%
OBK	B	0.01%
RWT	D	0.01%
BRKL	B	0.01%
FBMS	B	0.01%
PEBO	A	0.01%
EFC	C	0.01%
AMSF	B	0.01%
DCOM	A	0.01%
ECPG	B	0.01%
FBRT	C	0.01%
OCFC	B	0.01%
PFBC	B	0.01%
SRCE	B	0.01%
CNNE	B	0.01%
RILY	F	0.0%
AC	C	0.0%
HMST	D	0.0%
JRVR	F	0.0%
DGICA	A	0.0%
ACRE	C	0.0%
BMRC	B	0.0%
FFWM	C	0.0%

VFH Underweight 61 Positions Relative to ICAP

Symbol	Grade	Weight
EQIX	A	-4.14%
CVX	A	-4.14%
KRC	C	-3.91%
AMZN	C	-3.87%
MPLX	A	-3.27%
AES	F	-3.2%
BXP	D	-3.13%
ORCL	B	-3.02%
FRT	B	-2.91%
SLMBP	C	-2.79%
DLR	B	-2.77%
AB	C	-2.37%
ARE	D	-2.06%
NYMTN	D	-1.95%
AVGO	D	-1.95%
UGI	A	-1.83%
KHC	F	-1.82%
REXR	F	-1.7%
SPG	B	-1.69%
EIX	B	-1.67%
MCD	D	-1.58%
FANG	D	-1.48%
VOD	F	-1.43%
O	D	-1.28%
SO	D	-1.27%
DOW	F	-1.17%
CCI	D	-1.07%
XOM	B	-1.05%
HON	B	-1.01%
KMI	A	-1.0%
BLMN	F	-0.98%
HPE	B	-0.98%
MRK	F	-0.85%
NWN	A	-0.74%
CAT	B	-0.68%
PM	B	-0.65%
IRM	D	-0.63%
RTX	C	-0.62%
MMM	D	-0.58%
MSFT	F	-0.55%
AMT	D	-0.55%
CSCO	B	-0.5%
VZ	C	-0.36%
CTDD	C	-0.33%
EPR	D	-0.31%
PAA	B	-0.3%
RRR	D	-0.26%
NEE	D	-0.26%
NEE	D	-0.21%
DUK	C	-0.21%
OKE	A	-0.19%
T	A	-0.18%
JNJ	D	-0.08%
MO	A	-0.07%
KO	D	-0.07%
ET	A	-0.03%
GD	F	-0.02%
WMB	A	-0.01%
D	C	-0.01%
UZE	B	-0.01%
UNH	C	-0.01%