VIS vs. DFND ETF Comparison

Comparison of Vanguard Industrials ETF - DNQ (VIS) to Realty Shares DIVCON Dividend Defender ETF (DFND)

VIS

Vanguard Industrials ETF - DNQ

VIS 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)/Industrials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the industrials 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

$256.17

Average Daily Volume

70,140

Number of Holdings ^*

360

* may have additional holdings in another (foreign) market

DFND

Realty Shares DIVCON Dividend Defender ETF

DFND Description

The investment seeks long-term capital appreciation by tracking the performance, before fees and expenses, of the Reality Shares DIVCON Dividend Defender Index. The index is designed to select the companies for a long position that have the highest probability of increasing their dividend in a 12-month period and select the companies for a short position that have the highest probability of decreasing their dividend in a 12-month period. Under normal circumstances, at least 80% of the fund's assets (other than collateral held from securities lending, if any) will be invested in component securities of the benchmark index. It is non-diversified.

Grade (RS Rating)

Last Trade

$42.13

Average Daily Volume

388

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VIS	DFND
30 Days	3.91%	10.96%
60 Days	4.52%	7.32%
90 Days	7.97%	13.77%
12 Months	31.91%	16.62%

19 Overlapping Holdings

Symbol	Grade	Weight in VIS	Weight in DFND	Overlap
ALLE	C	0.23%	1.51%	0.23%
AOS	D	0.19%	1.21%	0.19%
BR	D	0.47%	0.7%	0.47%
CMI	C	0.81%	1.73%	0.81%
CTAS	C	1.39%	2.5%	1.39%
ETN	C	2.32%	1.48%	1.48%
FAST	C	0.74%	0.97%	0.74%
GWW	A	0.82%	1.94%	0.82%
HON	D	2.56%	1.31%	1.31%
HUBB	A	0.41%	1.16%	0.41%
ITW	C	1.33%	1.59%	1.33%
J	C	0.36%	1.46%	0.36%
LMT	B	2.32%	2.19%	2.19%
LUV	C	0.33%	-1.85%	-1.85%
NDSN	C	0.26%	2.18%	0.26%
ODFL	D	0.71%	0.77%	0.71%
ROK	F	0.59%	1.5%	0.59%
SNA	C	0.28%	2.09%	0.28%
VRSK	D	0.73%	2.33%	0.73%

VIS Overweight 341 Positions Relative to DFND

Symbol	Grade	Weight
GE	A	3.61%
CAT	B	3.29%
RTX	C	3.09%
UNP	C	2.95%
UBER	C	2.6%
ADP	B	2.13%
BA	F	1.92%
DE	B	1.91%
UPS	F	1.77%
WM	D	1.61%
TT	A	1.54%
PH	A	1.46%
TDG	B	1.45%
MMM	A	1.4%
NOC	A	1.39%
GD	B	1.32%
FDX	F	1.31%
CSX	D	1.26%
EMR	D	1.14%
CARR	B	1.11%
NSC	C	1.09%
GEV	B	1.04%
PCAR	D	0.95%
JCI	B	0.93%
URI	B	0.93%
WCN	D	0.91%
RSG	D	0.87%
CPRT	D	0.87%
LHX	C	0.85%
PAYX	C	0.8%
PWR	B	0.76%
AME	C	0.75%
EFX	C	0.72%
OTIS	C	0.72%
HWM	B	0.71%
IR	C	0.7%
XYL	D	0.63%
VRT	C	0.56%
WAB	A	0.56%
DAL	C	0.52%
VLTO	B	0.52%
AXON	A	0.49%
FTV	C	0.49%
DOV	B	0.48%
BLDR	C	0.4%
BAH	B	0.39%
CSL	B	0.38%
LDOS	B	0.38%
LII	B	0.36%
EME	A	0.35%
TRU	B	0.35%
TXT	D	0.33%
EXPD	C	0.33%
MAS	B	0.33%
SSNC	B	0.32%
WSO	C	0.31%
SWK	B	0.3%
IEX	D	0.29%
ROL	C	0.28%
OC	D	0.28%
PNR	B	0.28%
HEI	A	0.28%
GGG	C	0.27%
JBHT	D	0.27%
UAL	C	0.27%
ACM	B	0.26%
XPO	D	0.25%
CLH	A	0.24%
FIX	A	0.24%
TTEK	C	0.24%
CW	A	0.23%
CHRW	A	0.23%
ITT	B	0.22%
CACI	B	0.21%
WMS	D	0.21%
LECO	F	0.21%
HII	D	0.21%
RRX	C	0.21%
NVT	D	0.21%
HEI	A	0.21%
SAIA	D	0.19%
WWD	C	0.19%
CNM	F	0.18%
KBR	D	0.18%
BWXT	C	0.18%
GNRC	D	0.18%
TTC	D	0.18%
DCI	D	0.17%
DAY	D	0.17%
CNH	D	0.17%
RBC	C	0.16%
PAYC	D	0.16%
KNX	D	0.16%
FLR	D	0.16%
CR	C	0.15%
SSD	C	0.15%
MLI	B	0.15%
AYI	A	0.15%
AIT	B	0.15%
WCC	D	0.15%
ALSN	B	0.15%
FCN	C	0.15%
MTZ	B	0.14%
PCTY	C	0.14%
WSC	D	0.14%
APG	D	0.14%
UFPI	C	0.14%
MIDD	D	0.14%
UHAL	B	0.13%
SAIC	C	0.13%
MSA	D	0.13%
TREX	F	0.13%
AAL	D	0.13%
KEX	C	0.13%
OSK	D	0.13%
CWST	D	0.12%
AZEK	C	0.12%
R	B	0.12%
SITE	D	0.12%
LSTR	F	0.12%
AAON	A	0.12%
FLS	D	0.12%
RHI	D	0.12%
MMS	C	0.11%
TKR	D	0.11%
MOG.A	B	0.11%
AVAV	C	0.11%
BECN	D	0.11%
VMI	D	0.11%
FSS	D	0.11%
AGCO	D	0.11%
ST	D	0.11%
EXLS	B	0.11%
GXO	D	0.11%
ESAB	C	0.11%
DY	B	0.1%
GTLS	F	0.1%
CSWI	B	0.1%
HXL	F	0.1%
BCC	C	0.1%
WTS	C	0.1%
EXPO	B	0.1%
SRCL	B	0.1%
AWI	B	0.1%
RUN	C	0.09%
PSN	B	0.09%
ALK	C	0.09%
MATX	C	0.09%
ZWS	B	0.09%
GATX	D	0.09%
AL	D	0.09%
BCO	A	0.09%
MDU	B	0.09%
FELE	C	0.08%
ENS	D	0.08%
SPR	D	0.08%
LYFT	D	0.08%
VRRM	D	0.08%
ACA	B	0.08%
DNB	D	0.07%
KTOS	C	0.07%
MAN	C	0.07%
ABM	D	0.07%
STRL	B	0.07%
MSM	D	0.07%
KFY	B	0.07%
KAI	C	0.07%
GTES	C	0.07%
TEX	F	0.07%
HRI	C	0.07%
AIN	D	0.06%
CNXC	F	0.06%
REZI	D	0.06%
ALIT	D	0.06%
PRIM	B	0.06%
ESE	B	0.06%
ICFI	B	0.06%
SKYW	C	0.06%
NPO	D	0.06%
BRC	B	0.06%
RUSHA	C	0.06%
GVA	B	0.06%
CBZ	D	0.06%
RXO	D	0.06%
MWA	B	0.06%
NSP	D	0.06%
TNET	F	0.06%
ATKR	F	0.06%
GMS	D	0.06%
BE	F	0.05%
ARCB	F	0.05%
HNI	C	0.05%
GFF	D	0.05%
MGRC	F	0.05%
TRN	D	0.05%
ACVA	B	0.05%
UNF	C	0.05%
JBT	D	0.05%
ROAD	C	0.05%
HUBG	C	0.05%
KAR	D	0.04%
GEO	F	0.04%
ALG	D	0.04%
MRCY	D	0.04%
KMT	B	0.04%
B	D	0.04%
HURN	C	0.04%
CLVT	D	0.04%
MLKN	F	0.04%
ROCK	D	0.04%
SXI	C	0.04%
HAYW	C	0.04%
WERN	D	0.04%
EPAC	B	0.04%
HI	F	0.04%
AIR	C	0.04%
AZZ	D	0.04%
LNN	D	0.03%
ENVX	F	0.03%
DNOW	D	0.03%
AMWD	D	0.03%
NVEE	F	0.03%
CSGS	C	0.03%
HLIO	D	0.03%
APOG	C	0.03%
PLUG	F	0.03%
CAR	F	0.03%
SNDR	C	0.03%
GBX	C	0.03%
CXW	F	0.03%
VSEC	D	0.03%
JBLU	D	0.03%
BLBD	C	0.03%
REVG	D	0.03%
HEES	D	0.03%
JBI	F	0.03%
POWL	B	0.03%
CMPR	D	0.03%
VSTS	D	0.03%
MYRG	F	0.03%
IESC	C	0.03%
TNC	F	0.03%
JOBY	F	0.03%
RKLB	B	0.03%
HCSG	C	0.02%
DCO	B	0.02%
GRC	D	0.02%
BXC	D	0.02%
CECO	D	0.02%
WNC	F	0.02%
VICR	F	0.02%
ATSG	D	0.02%
DLX	F	0.02%
HA	A	0.02%
SHLS	D	0.02%
ERII	C	0.02%
DRVN	C	0.02%
BBSI	B	0.02%
CDRE	C	0.02%
NVRI	D	0.02%
FA	B	0.02%
BV	B	0.02%
CMCO	F	0.02%
AMRC	C	0.02%
AGX	B	0.02%
ARRY	F	0.02%
MRTN	D	0.02%
TPC	B	0.02%
THR	D	0.02%
MEG	F	0.02%
TGI	D	0.02%
TILE	B	0.02%
MRC	D	0.02%
TRNS	C	0.02%
PBI	C	0.02%
FLNC	C	0.02%
CRAI	D	0.02%
SCS	D	0.02%
KFRC	D	0.02%
JELD	D	0.02%
UPWK	D	0.02%
PYCR	D	0.02%
NX	F	0.02%
SAVE	F	0.01%
DDD	F	0.01%
PLPC	F	0.01%
LXFR	C	0.01%
TITN	F	0.01%
RGP	F	0.01%
HDSN	F	0.01%
ULH	C	0.01%
MTW	F	0.01%
HTZ	F	0.01%
NPK	D	0.01%
TWI	D	0.01%
FC	D	0.01%
SNCY	D	0.01%
SHYF	D	0.01%
SRCL	B	0.01%
LQDT	B	0.01%
ACCO	C	0.01%
HY	F	0.01%
PL	F	0.01%
SMR	D	0.01%
CNDT	C	0.01%
EBF	B	0.01%
GIC	D	0.01%
PLOW	C	0.01%
ALGT	D	0.01%
FWRD	C	0.01%
GLDD	B	0.01%
KELYA	D	0.01%
ACHR	F	0.01%
IIIN	F	0.01%
HTLD	F	0.01%
MLR	D	0.01%
VVI	D	0.01%
MATW	F	0.01%
DXPE	D	0.01%
ASTE	F	0.01%
GNK	D	0.01%
CHPT	F	0.01%
PRLB	F	0.01%
XMTR	D	0.01%
HSII	C	0.01%
NRGV	D	0.0%
STEM	F	0.0%
TTEC	F	0.0%
FREY	F	0.0%
SES	F	0.0%
ALTG	F	0.0%
EAF	D	0.0%
ASLE	F	0.0%
BLNK	F	0.0%
KRT	D	0.0%
TPIC	D	0.0%
FCEL	F	0.0%
TASK	F	0.0%
TBI	F	0.0%
FORR	D	0.0%
ULCC	D	0.0%

VIS Underweight 51 Positions Relative to DFND

Symbol	Grade	Weight
KLAC	D	-2.79%
V	C	-2.52%
PG	C	-2.39%
SHW	B	-2.2%
MCD	B	-2.19%
MPC	D	-2.18%
PHM	B	-2.12%
MPWR	C	-2.07%
BRO	C	-2.01%
FDS	C	-2.0%
MCO	A	-1.86%
PPG	D	-1.82%
DHI	C	-1.72%
MSI	B	-1.69%
MA	B	-1.68%
AMAT	D	-1.59%
HSY	D	-1.53%
ADI	C	-1.45%
CB	B	-1.42%
AON	B	-1.42%
CBOE	C	-1.35%
CSCO	B	-1.3%
MMC	C	-1.28%
LIN	B	-1.26%
MSCI	C	-1.24%
CME	C	-1.22%
COST	B	-1.2%
CMCSA	D	-1.05%
MSFT	C	-1.02%
AAPL	C	-0.94%
LW	D	-0.91%
GL	C	-0.89%
ALB	F	-0.88%
AVGO	C	-0.84%
INTU	C	-0.73%
MLM	D	-0.71%
ACN	C	-0.33%
MCHP	D	-0.1%
PARA	F	--0.31%
INTC	F	--0.85%
APA	F	--0.87%
VFC	C	--0.94%
DVN	D	--1.16%
NWS	D	--1.69%
FCX	D	--1.82%
SW	C	--1.93%
IP	C	--1.98%
T	C	--2.15%
F	F	--2.34%
CNP	D	--2.38%
D	B	--3.05%