VFQY vs. AFSM ETF Comparison

Comparison of Vanguard U.S. Quality Factor ETF (VFQY) to Active Factor Small Cap ETF (AFSM)

VFQY

Vanguard U.S. Quality Factor ETF

VFQY Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong fundamentals as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong fundamentals as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$133.45

Average Daily Volume

8,265

Number of Holdings ^*

353

* may have additional holdings in another (foreign) market

AFSM

Active Factor Small Cap ETF

AFSM Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.05

Average Daily Volume

6,476

Number of Holdings ^*

302

* may have additional holdings in another (foreign) market

Performance

Period	VFQY	AFSM
30 Days	4.03%	2.78%
60 Days	4.95%	0.59%
90 Days	8.08%	2.26%
12 Months	18.42%	13.16%

100 Overlapping Holdings

Symbol	Grade	Weight in VFQY	Weight in AFSM	Overlap
ACLS	F	0.1%	0.04%	0.04%
AIT	B	0.25%	0.11%	0.11%
ALKS	A	0.29%	0.84%	0.29%
AMR	F	0.03%	0.54%	0.03%
ANF	D	0.27%	1.0%	0.27%
ANIP	C	0.09%	0.41%	0.09%
APAM	D	0.02%	0.05%	0.02%
APOG	B	0.27%	0.29%	0.27%
APPF	F	0.15%	0.64%	0.15%
ARCH	F	0.05%	0.57%	0.05%
ASC	D	0.08%	0.37%	0.08%
ASO	F	0.17%	0.33%	0.17%
ATEN	D	0.14%	0.05%	0.05%
ATKR	F	0.11%	0.55%	0.11%
AYI	D	0.62%	0.12%	0.12%
BCC	B	0.29%	0.99%	0.29%
BELFB	C	0.11%	0.49%	0.11%
BKE	B	0.06%	0.26%	0.06%
BKU	B	0.08%	0.26%	0.08%
BLBD	D	0.24%	0.2%	0.2%
BMI	B	0.11%	0.61%	0.11%
BXC	C	0.22%	0.55%	0.22%
CAL	B	0.19%	0.45%	0.19%
CALM	A	0.14%	0.31%	0.14%
CASH	B	0.33%	0.3%	0.3%
CCRN	C	0.02%	0.4%	0.02%
CEIX	D	0.1%	0.56%	0.1%
CHCO	B	0.15%	0.56%	0.15%
CLW	B	0.04%	0.27%	0.04%
CNXN	A	0.08%	0.34%	0.08%
COKE	A	0.13%	0.29%	0.13%
COOP	B	0.03%	0.64%	0.03%
CPRX	B	0.03%	0.74%	0.03%
CRAI	C	0.07%	0.35%	0.07%
CRVL	B	0.19%	0.58%	0.19%
CSGS	C	0.15%	0.11%	0.11%
CSWI	A	0.13%	0.08%	0.08%
CTS	D	0.05%	0.06%	0.05%
CVLT	A	0.42%	0.32%	0.32%
DAKT	B	0.06%	0.66%	0.06%
DFIN	B	0.02%	0.53%	0.02%
DNOW	B	0.02%	0.31%	0.02%
EGBN	C	0.06%	0.48%	0.06%
ELF	D	0.21%	0.57%	0.21%
EME	D	0.16%	0.72%	0.16%
ETH	D	0.1%	0.04%	0.04%
EVER	B	0.12%	0.62%	0.12%
EXTR	C	0.23%	0.19%	0.19%
FBP	B	0.47%	0.35%	0.35%
FIX	D	0.19%	0.77%	0.19%
GIII	F	0.15%	0.24%	0.15%
GMS	B	0.18%	0.59%	0.18%
HAE	B	0.13%	0.24%	0.13%
HWKN	A	0.1%	0.32%	0.1%
IESC	A	0.14%	0.05%	0.05%
JXN	C	0.4%	0.32%	0.32%
KAI	B	0.12%	0.07%	0.07%
KELYA	B	0.04%	0.24%	0.04%
KFRC	C	0.27%	0.21%	0.21%
LNTH	B	0.25%	0.65%	0.25%
LOPE	B	0.22%	0.34%	0.22%
M	F	0.31%	0.43%	0.31%
MED	D	0.28%	0.24%	0.24%
MEDP	D	0.38%	0.35%	0.35%
MLI	B	0.3%	0.72%	0.3%
MOV	D	0.05%	0.18%	0.05%
MTG	B	0.07%	0.75%	0.07%
MUSA	A	0.06%	0.65%	0.06%
NMIH	B	0.06%	0.61%	0.06%
NSSC	C	0.03%	0.25%	0.03%
NTB	B	0.27%	0.65%	0.27%
NUS	F	0.19%	0.31%	0.19%
ODP	C	0.24%	0.5%	0.24%
OFG	B	0.33%	0.63%	0.33%
PFBC	B	0.02%	0.83%	0.02%
PLAB	F	0.21%	0.49%	0.21%
POWL	C	0.08%	0.31%	0.08%
PRDO	B	0.09%	0.48%	0.09%
PRMW	B	0.1%	0.26%	0.1%
QLYS	D	0.49%	0.25%	0.25%
RDN	B	0.07%	0.79%	0.07%
RYI	D	0.04%	0.03%	0.03%
SCS	B	0.17%	0.34%	0.17%
SLVM	C	0.1%	0.33%	0.1%
SSD	B	0.42%	0.3%	0.3%
STRL	D	0.11%	0.62%	0.11%
SUPN	B	0.08%	0.5%	0.08%
SXC	D	0.04%	0.26%	0.04%
TBBK	B	0.27%	0.67%	0.27%
TCMD	C	0.03%	0.25%	0.03%
TDC	F	0.57%	0.05%	0.05%
TILE	A	0.07%	0.27%	0.07%
TNC	C	0.12%	0.46%	0.12%
UVE	B	0.04%	0.66%	0.04%
WABC	B	0.15%	0.21%	0.15%
WFRD	F	0.36%	0.75%	0.36%
WNC	F	0.04%	0.48%	0.04%
WTS	B	0.18%	0.29%	0.18%
YEXT	C	0.04%	0.08%	0.04%
ZEUS	D	0.12%	0.04%	0.04%

VFQY Overweight 253 Positions Relative to AFSM

Symbol	Grade	Weight
MMM	A	1.94%
BMY	A	1.82%
KLAC	D	1.63%
QCOM	F	1.6%
ABBV	A	1.59%
ADBE	C	1.56%
NKE	F	1.56%
WMT	B	1.54%
AAPL	B	1.5%
TGT	F	1.47%
ADSK	D	1.46%
GILD	A	1.41%
IDXX	D	1.4%
LRCX	F	1.38%
LULU	F	1.34%
TJX	A	1.16%
AMAT	F	1.1%
CTAS	B	1.08%
PEP	A	0.91%
MCHP	F	0.91%
ROST	D	0.9%
NVDA	D	0.88%
MRK	D	0.83%
COST	D	0.72%
AIG	C	0.71%
FAST	B	0.71%
LLY	D	0.7%
V	C	0.7%
MPC	F	0.69%
PAYX	A	0.68%
EQH	C	0.65%
MSM	C	0.65%
AMP	D	0.63%
AXP	C	0.61%
CHRW	A	0.6%
CSCO	D	0.6%
LSTR	B	0.6%
RHI	F	0.59%
BLDR	C	0.58%
OXY	D	0.57%
STT	B	0.56%
RPM	A	0.55%
DCI	C	0.54%
SLM	C	0.54%
META	C	0.52%
ADP	A	0.51%
KR	A	0.51%
CHX	C	0.5%
EOG	C	0.5%
NTAP	C	0.5%
JNJ	A	0.49%
MAT	A	0.49%
BBY	C	0.48%
PYPL	B	0.47%
PRI	B	0.47%
AFL	A	0.45%
DKS	D	0.44%
EXPE	D	0.42%
EBAY	A	0.42%
BPOP	B	0.42%
CAT	C	0.4%
CNM	C	0.4%
DECK	D	0.39%
ROK	D	0.39%
CDNS	F	0.38%
AX	B	0.38%
LECO	C	0.38%
CHE	A	0.38%
SCHW	D	0.38%
EW	F	0.38%
UFPI	B	0.37%
NSP	C	0.37%
ECL	C	0.36%
MANH	B	0.35%
ZION	B	0.35%
DLTR	F	0.34%
TPR	D	0.34%
WSFS	B	0.33%
AOS	C	0.33%
AMZN	D	0.32%
NUE	F	0.32%
IT	A	0.32%
NTRS	B	0.32%
KD	C	0.31%
EA	A	0.31%
CNO	A	0.3%
WLY	B	0.3%
DOCU	D	0.3%
TREX	D	0.3%
TNET	F	0.29%
BJ	C	0.29%
SYF	C	0.29%
GPC	A	0.28%
ACN	C	0.28%
RL	D	0.27%
PG	A	0.26%
VRT	D	0.26%
ULTA	F	0.26%
OZK	B	0.26%
PSTG	D	0.25%
CPNG	D	0.25%
BBW	C	0.25%
ENPH	F	0.25%
HAS	A	0.24%
TPL	B	0.24%
FULT	B	0.24%
EXPD	B	0.23%
CFG	B	0.23%
WDFC	B	0.23%
CUBI	B	0.21%
PII	D	0.21%
OLN	F	0.21%
SHOO	C	0.21%
POOL	C	0.2%
MOH	B	0.2%
FIZZ	B	0.19%
CASY	B	0.19%
JKHY	A	0.19%
CATY	B	0.18%
K	A	0.18%
EPAC	C	0.18%
BBSI	A	0.18%
OXM	D	0.18%
LMB	C	0.18%
MA	A	0.18%
SNPS	D	0.18%
CRUS	C	0.18%
CTRA	F	0.17%
SMAR	B	0.17%
JBSS	A	0.17%
GOOGL	D	0.17%
AAP	D	0.17%
FLO	B	0.17%
WMS	C	0.16%
TK	D	0.16%
APO	D	0.16%
IDT	C	0.16%
PJT	B	0.16%
SYK	D	0.16%
GWW	B	0.16%
AEO	D	0.16%
PLMR	B	0.16%
FFIV	A	0.15%
ROL	C	0.15%
BOKF	B	0.15%
HCKT	A	0.15%
STLD	D	0.15%
AON	A	0.15%
KMB	A	0.14%
LANC	A	0.14%
BHF	C	0.14%
RS	D	0.14%
SM	F	0.13%
INDB	B	0.13%
VMI	B	0.13%
ODFL	C	0.13%
MAN	B	0.13%
HNI	B	0.13%
ON	D	0.13%
PINS	F	0.13%
MYE	D	0.12%
HSY	A	0.12%
BRKR	C	0.12%
EGY	C	0.12%
KO	A	0.12%
FC	B	0.11%
MCRI	B	0.11%
NVR	A	0.11%
TTC	C	0.11%
CDRE	B	0.1%
IOSP	C	0.1%
CPF	B	0.1%
LZB	B	0.1%
SAM	D	0.1%
VRTS	D	0.1%
TER	D	0.1%
CVBF	B	0.1%
ARLO	C	0.1%
SONO	F	0.1%
PRLB	D	0.1%
GGG	C	0.1%
SRCE	B	0.1%
DUOL	F	0.1%
AAN	B	0.09%
NYT	B	0.09%
BHLB	B	0.09%
ROKU	F	0.09%
MCFT	C	0.09%
TRIP	F	0.09%
HSIC	C	0.09%
SEIC	C	0.09%
PSMT	B	0.09%
MPWR	C	0.08%
GPOR	D	0.08%
VLO	C	0.08%
SKX	D	0.08%
PCAR	F	0.08%
WAFD	B	0.08%
OSUR	F	0.08%
YELP	F	0.08%
MCO	A	0.07%
CARG	D	0.07%
SWAV	A	0.07%
RRC	F	0.07%
PDCO	C	0.07%
OC	C	0.07%
HOLX	A	0.07%
ALGN	F	0.07%
CBU	B	0.07%
RGP	C	0.07%
CDW	D	0.07%
MRC	B	0.07%
MYGN	B	0.06%
SPTN	B	0.06%
AVAV	D	0.06%
LSCC	F	0.06%
DOX	A	0.06%
GOLF	B	0.05%
SXI	B	0.05%
SNA	B	0.05%
SCHL	F	0.05%
SBSI	B	0.05%
DKNG	F	0.05%
LYTS	B	0.05%
BECN	D	0.05%
WTTR	B	0.05%
MNRO	A	0.05%
EXLS	B	0.04%
REVG	B	0.04%
ALSN	B	0.04%
ACAD	C	0.03%
UAA	F	0.03%
LKFN	B	0.03%
CACC	D	0.03%
SMCI	F	0.03%
SFIX	B	0.03%
DXLG	D	0.03%
OII	B	0.03%
PRTS	F	0.03%
BKNG	D	0.03%
XPO	B	0.02%
COUR	C	0.02%
WSO	C	0.02%
WIRE	A	0.02%
CR	C	0.02%
FTNT	F	0.02%
ATRC	D	0.02%
KRNY	B	0.02%
USNA	F	0.02%
INCY	B	0.02%
AMAL	B	0.02%
KEYS	F	0.02%
YNDX	C	0.0%

VFQY Underweight 202 Positions Relative to AFSM

Symbol	Grade	Weight
SKYW	C	-1.11%
NHC	B	-0.96%
TNK	D	-0.94%
MOD	C	-0.88%
IDCC	A	-0.86%
ESGR	B	-0.86%
MHO	B	-0.78%
UFPT	B	-0.74%
AROC	C	-0.7%
TMHC	B	-0.69%
SANM	C	-0.64%
GMED	B	-0.6%
TEX	D	-0.58%
PLUS	B	-0.57%
VRNT	C	-0.57%
STBA	B	-0.56%
REZI	C	-0.56%
KBH	B	-0.55%
MCY	A	-0.54%
PRK	B	-0.54%
SLG	B	-0.53%
LPG	F	-0.52%
ACT	B	-0.52%
TGNA	B	-0.51%
HSII	A	-0.5%
DDS	F	-0.5%
AMWD	B	-0.5%
BTU	F	-0.48%
DOLE	A	-0.47%
RMR	B	-0.47%
FDP	A	-0.46%
SPNS	B	-0.45%
BPMC	C	-0.45%
BRBR	D	-0.45%
PBF	F	-0.43%
PINC	A	-0.43%
ADUS	B	-0.42%
NSIT	D	-0.41%
ESNT	B	-0.4%
IIPR	B	-0.4%
HDSN	F	-0.38%
YMAB	C	-0.38%
CRS	A	-0.38%
INMD	F	-0.38%
MTH	B	-0.38%
CWCO	C	-0.38%
HRMY	B	-0.37%
LGND	B	-0.37%
ONTO	F	-0.37%
TWI	C	-0.36%
CBZ	C	-0.36%
CORT	B	-0.36%
SIG	F	-0.35%
RXST	F	-0.34%
IBOC	B	-0.34%
PRGS	B	-0.34%
AMKR	F	-0.34%
GEO	C	-0.34%
ALRM	B	-0.34%
HIMS	D	-0.34%
SFM	A	-0.33%
OTTR	B	-0.33%
GRBK	B	-0.33%
CMC	C	-0.33%
AVNS	A	-0.32%
GNK	F	-0.32%
HIW	A	-0.32%
BDC	B	-0.32%
INSW	D	-0.31%
MOG.A	C	-0.31%
MATX	A	-0.31%
YOU	B	-0.3%
VNDA	C	-0.3%
NHI	B	-0.29%
PDM	B	-0.29%
RDNT	C	-0.29%
BNL	B	-0.29%
QTWO	B	-0.29%
HUBG	C	-0.28%
DXC	C	-0.28%
HLX	C	-0.28%
PSN	A	-0.28%
AMRK	C	-0.28%
STRA	D	-0.28%
AZZ	C	-0.28%
PFS	B	-0.28%
HCC	C	-0.28%
ABG	C	-0.27%
METC	F	-0.27%
SBRA	B	-0.27%
BKH	A	-0.27%
LRN	A	-0.27%
SFL	F	-0.27%
THFF	B	-0.27%
ANDE	C	-0.27%
OSCR	C	-0.26%
CUZ	A	-0.26%
MAC	C	-0.26%
HURN	B	-0.26%
SKT	B	-0.26%
UCTT	F	-0.26%
SIGA	B	-0.25%
HY	B	-0.25%
ITCI	B	-0.25%
CMPR	B	-0.25%
VSH	D	-0.25%
IMKTA	B	-0.25%
HRB	B	-0.25%
OSIS	C	-0.25%
ZETA	A	-0.25%
BHE	B	-0.25%
ENS	C	-0.24%
STNG	D	-0.24%
AMPH	C	-0.24%
KN	C	-0.24%
PI	D	-0.24%
WINA	D	-0.24%
PRG	A	-0.23%
GOGL	D	-0.23%
SMP	C	-0.23%
HOV	B	-0.23%
ADNT	F	-0.23%
NX	C	-0.23%
RAMP	F	-0.23%
XRX	F	-0.23%
DHT	C	-0.23%
OPCH	A	-0.23%
LMAT	B	-0.22%
ASGN	D	-0.22%
TMDX	A	-0.22%
PK	D	-0.22%
GES	B	-0.22%
HCI	F	-0.22%
MRVI	A	-0.22%
PIPR	B	-0.21%
CVNA	A	-0.2%
DFH	C	-0.2%
IDYA	B	-0.2%
SBH	D	-0.2%
NAVI	C	-0.2%
SD	D	-0.2%
NTCT	C	-0.2%
KRC	B	-0.19%
MD	C	-0.19%
AXSM	B	-0.18%
TWST	C	-0.17%
INTA	D	-0.17%
ADMA	B	-0.16%
BRC	B	-0.16%
TPC	C	-0.16%
CHRD	D	-0.16%
PCRX	D	-0.16%
NVST	D	-0.15%
SCSC	B	-0.15%
CECO	B	-0.15%
CGEM	C	-0.14%
PARR	F	-0.14%
CLSK	D	-0.14%
LQDA	F	-0.13%
SGBX	F	-0.13%
BASE	F	-0.13%
AMCX	F	-0.13%
TARS	F	-0.12%
MAX	C	-0.12%
ASTH	B	-0.12%
VCTR	C	-0.12%
ALKT	B	-0.12%
INVA	A	-0.11%
SPSC	B	-0.11%
EIG	B	-0.11%
KRYS	B	-0.1%
VGR	A	-0.1%
MLKN	B	-0.1%
ROCK	D	-0.1%
GFF	B	-0.1%
AMN	B	-0.09%
KSS	F	-0.08%
TPH	B	-0.08%
TGTX	B	-0.08%
KTB	B	-0.07%
WGO	D	-0.07%
OMI	C	-0.07%
CTRE	A	-0.06%
VSTO	A	-0.06%
JWN	C	-0.06%
FORM	F	-0.06%
HE	C	-0.06%
HALO	B	-0.06%
LBRT	C	-0.05%
PGNY	D	-0.05%
SWX	B	-0.05%
OGS	B	-0.05%
COLL	A	-0.05%
VCEL	B	-0.05%
JBI	B	-0.05%
EMBC	B	-0.04%
VITL	D	-0.04%
PHR	B	-0.04%
EOLS	A	-0.04%
SEMR	C	-0.04%
SWI	D	-0.03%
MITK	B	-0.0%