VNQ vs. AFSM ETF Comparison

Comparison of Vanguard REIT ETF - DNQ (VNQ) to Active Factor Small Cap ETF (AFSM)

VNQ

Vanguard REIT ETF - DNQ

VNQ Description

The investment seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs. The fund employs an indexing investment approach designed to track the performance of the MSCI US REIT Index. The index is composed of stocks of publicly traded equity real estate investment trusts (known as REITs). The fund attempts to replicate the 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

$96.24

Average Daily Volume

3,440,237

Number of Holdings ^*

145

* 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

$32.64

Average Daily Volume

15,693

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

Performance

Period	VNQ	AFSM
30 Days	-0.21%	7.72%
60 Days	-1.73%	6.49%
90 Days	2.40%	6.95%
12 Months	26.14%	33.58%

13 Overlapping Holdings

Symbol	Grade	Weight in VNQ	Weight in AFSM	Overlap
AKR	B	0.14%	0.3%	0.14%
BNL	D	0.19%	0.28%	0.19%
CTRE	D	0.26%	0.08%	0.08%
CUZ	B	0.27%	0.31%	0.27%
HIW	D	0.2%	0.35%	0.2%
IIPR	D	0.21%	0.37%	0.21%
KRC	C	0.26%	0.2%	0.2%
NHI	D	0.19%	0.57%	0.19%
PDM	D	0.07%	0.32%	0.07%
PK	B	0.17%	0.2%	0.17%
RMR	F	0.02%	0.4%	0.02%
SBRA	C	0.26%	0.29%	0.26%
SLG	B	0.28%	0.65%	0.28%

VNQ Overweight 132 Positions Relative to AFSM

Symbol	Grade	Weight
PLD	D	5.97%
AMT	D	5.69%
EQIX	A	4.79%
WELL	A	4.5%
DLR	B	3.3%
SPG	B	3.15%
PSA	D	2.97%
O	D	2.95%
CCI	D	2.66%
CBRE	B	2.29%
IRM	D	2.07%
EXR	D	1.97%
AVB	B	1.8%
VICI	C	1.73%
CSGP	D	1.7%
VTR	C	1.51%
SBAC	D	1.41%
EQR	B	1.37%
WY	D	1.3%
INVH	D	1.1%
ESS	B	1.04%
MAA	B	1.01%
ARE	D	1.0%
SUI	D	0.94%
KIM	A	0.91%
DOC	D	0.9%
GLPI	C	0.78%
UDR	B	0.75%
JLL	D	0.74%
REG	B	0.72%
ELS	C	0.71%
WPC	D	0.7%
CPT	B	0.7%
BXP	D	0.69%
HST	C	0.69%
LAMR	D	0.66%
AMH	D	0.66%
CUBE	D	0.61%
OHI	C	0.6%
Z	A	0.54%
REXR	F	0.53%
EGP	F	0.47%
FRT	B	0.47%
BRX	A	0.46%
NNN	D	0.45%
ADC	B	0.43%
COLD	D	0.4%
FR	C	0.4%
STAG	F	0.39%
VNO	B	0.38%
RHP	B	0.35%
TRNO	F	0.33%
EPRT	B	0.32%
KRG	B	0.32%
PECO	A	0.26%
IRT	A	0.25%
RYN	D	0.25%
MAC	B	0.23%
CDP	C	0.21%
SKT	B	0.21%
EPR	D	0.2%
PCH	D	0.19%
APLE	B	0.19%
CWK	B	0.18%
ZG	A	0.18%
DEI	B	0.17%
NSA	D	0.17%
LXP	D	0.16%
MPW	F	0.16%
COMP	B	0.15%
UE	C	0.15%
HHH	B	0.14%
FCPT	C	0.14%
IVT	B	0.13%
OUT	A	0.13%
EQC	B	0.12%
NMRK	B	0.12%
SHO	C	0.11%
ROIC	A	0.11%
DRH	B	0.1%
JOE	F	0.1%
GNL	F	0.09%
GTY	B	0.09%
LTC	B	0.09%
DEA	D	0.08%
ALEX	C	0.08%
RLJ	C	0.08%
JBGS	D	0.08%
XHR	B	0.08%
PEB	D	0.08%
ESRT	C	0.08%
ELME	D	0.08%
RDFN	D	0.07%
KW	B	0.07%
UNIT	B	0.07%
VRE	B	0.07%
UMH	C	0.07%
AAT	B	0.07%
NXRT	B	0.06%
EXPI	C	0.06%
OPEN	D	0.06%
CSR	B	0.06%
AIV	C	0.06%
NTST	D	0.06%
PLYM	F	0.05%
PGRE	F	0.05%
AHH	D	0.05%
BDN	C	0.05%
MMI	B	0.05%
GOOD	B	0.04%
FOR	F	0.04%
INN	D	0.04%
LAND	F	0.03%
OLP	B	0.03%
PKST	D	0.03%
BFS	C	0.03%
UHT	D	0.03%
CHCT	C	0.03%
ALX	D	0.03%
SVC	F	0.03%
FPI	B	0.03%
HPP	F	0.03%
GMRE	F	0.03%
WSR	A	0.03%
DHC	F	0.03%
TRC	F	0.02%
CBL	A	0.02%
CLDT	B	0.02%
SRG	F	0.01%
NXDT	D	0.01%
CIO	D	0.01%
OPI	F	0.0%

VNQ Underweight 282 Positions Relative to AFSM

Symbol	Grade	Weight
MLI	C	-1.38%
SKYW	B	-1.22%
IDCC	A	-1.19%
NHC	C	-1.15%
SFM	A	-1.03%
CRS	A	-0.93%
ALKS	B	-0.91%
CPRX	C	-0.88%
PFBC	B	-0.88%
STRL	B	-0.86%
DAKT	B	-0.85%
ANF	C	-0.84%
FIX	A	-0.84%
EME	C	-0.82%
CALM	A	-0.78%
CVLT	B	-0.77%
MTG	C	-0.76%
MHO	D	-0.76%
JXN	C	-0.72%
BCC	B	-0.72%
RDN	C	-0.72%
UVE	B	-0.72%
TMHC	B	-0.7%
AROC	B	-0.69%
TBBK	B	-0.69%
CEIX	A	-0.68%
MCY	A	-0.67%
REZI	A	-0.66%
SANM	B	-0.65%
GMED	A	-0.65%
COOP	B	-0.64%
HWKN	B	-0.64%
HSII	B	-0.63%
FDP	B	-0.63%
BMI	B	-0.63%
CRVL	A	-0.63%
SLVM	B	-0.62%
GMS	B	-0.6%
PRK	B	-0.59%
NTB	B	-0.59%
SUPN	C	-0.58%
NMIH	D	-0.58%
GEO	B	-0.57%
BRBR	A	-0.57%
CORT	B	-0.57%
EGBN	B	-0.56%
TGNA	B	-0.56%
POWL	C	-0.55%
BTU	B	-0.55%
HALO	F	-0.55%
WT	B	-0.55%
BXC	B	-0.55%
UFPT	B	-0.55%
ZETA	D	-0.54%
MUSA	A	-0.54%
STBA	B	-0.54%
CVNA	B	-0.54%
COKE	C	-0.54%
OFG	B	-0.54%
CHCO	B	-0.54%
APPF	B	-0.51%
ACT	D	-0.51%
PRDO	B	-0.51%
PLUS	F	-0.51%
KBH	D	-0.51%
BELFB	C	-0.51%
DOLE	D	-0.5%
DDS	B	-0.5%
AMWD	C	-0.5%
PI	D	-0.49%
PINC	B	-0.47%
LNTH	D	-0.47%
CSWI	A	-0.47%
TEX	D	-0.46%
DFIN	D	-0.45%
USLM	A	-0.44%
HRB	D	-0.43%
AMR	C	-0.42%
QTWO	A	-0.42%
HIMS	B	-0.42%
PLAB	C	-0.42%
ADUS	D	-0.4%
WFRD	D	-0.4%
SIG	B	-0.39%
IESC	B	-0.39%
TILE	B	-0.39%
LGND	B	-0.39%
BDC	B	-0.39%
PRGS	A	-0.39%
EVER	F	-0.39%
INMD	C	-0.38%
VRNT	C	-0.38%
LRN	A	-0.38%
RDNT	B	-0.37%
WNC	C	-0.37%
YOU	D	-0.37%
LOPE	B	-0.36%
CASH	A	-0.36%
BLBD	D	-0.36%
CAL	D	-0.36%
M	D	-0.36%
APOG	B	-0.36%
HRMY	D	-0.35%
ANIP	F	-0.35%
CNXN	C	-0.35%
ESNT	D	-0.35%
BPMC	C	-0.35%
CRAI	B	-0.35%
MATX	C	-0.35%
TRMK	B	-0.34%
MTH	D	-0.34%
PBF	D	-0.34%
MD	B	-0.34%
MOG.A	B	-0.34%
CMC	B	-0.33%
FBP	B	-0.33%
PFS	B	-0.32%
LPG	F	-0.32%
ATGE	B	-0.32%
CNK	B	-0.32%
YMAB	F	-0.31%
ATKR	C	-0.31%
RXST	F	-0.31%
SCS	C	-0.31%
IBOC	A	-0.31%
ODP	F	-0.3%
TCMD	A	-0.3%
DNOW	B	-0.3%
VIRT	B	-0.3%
GRBK	D	-0.3%
BKE	B	-0.3%
THFF	B	-0.29%
PHIN	A	-0.29%
SPNS	F	-0.29%
DXC	B	-0.29%
HUBG	A	-0.29%
ADMA	B	-0.28%
BKH	A	-0.28%
BHE	B	-0.28%
HCC	B	-0.28%
CRDO	B	-0.28%
TWI	F	-0.28%
SXC	A	-0.28%
HURN	B	-0.28%
AZZ	B	-0.28%
ITCI	C	-0.27%
BKU	A	-0.27%
CCRN	F	-0.26%
HCI	C	-0.26%
ASO	F	-0.26%
INTA	A	-0.26%
VRNS	D	-0.26%
PRG	C	-0.26%
GIII	D	-0.25%
AGX	B	-0.25%
MEDP	D	-0.25%
GNK	D	-0.25%
ABG	B	-0.25%
PIPR	B	-0.25%
PRM	C	-0.25%
HDSN	F	-0.24%
PSN	D	-0.24%
AVNS	F	-0.24%
LMAT	A	-0.24%
MED	F	-0.23%
NTCT	C	-0.23%
HLX	B	-0.23%
SMP	B	-0.22%
IMKTA	C	-0.22%
HAE	C	-0.22%
VNDA	C	-0.22%
NUS	D	-0.22%
KN	B	-0.22%
SBH	C	-0.22%
NX	C	-0.21%
VCTR	B	-0.21%
INSW	F	-0.21%
WABC	B	-0.21%
BLFS	C	-0.2%
ENS	D	-0.2%
DHT	F	-0.2%
AMKR	D	-0.2%
EXTR	B	-0.2%
CMPR	D	-0.2%
ASC	F	-0.2%
NAVI	C	-0.19%
UCTT	D	-0.19%
SGBX	F	-0.19%
GOGL	F	-0.19%
AXSM	B	-0.19%
TMDX	F	-0.19%
NSSC	D	-0.19%
TARS	B	-0.19%
TPC	C	-0.18%
TNC	D	-0.18%
TGTX	B	-0.18%
ONTO	D	-0.18%
SIGA	F	-0.18%
HOV	D	-0.17%
SD	D	-0.17%
HY	D	-0.17%
ASGN	F	-0.17%
NVST	B	-0.17%
XRX	F	-0.16%
STNG	F	-0.16%
ADNT	F	-0.16%
METC	C	-0.15%
GES	F	-0.15%
SCSC	B	-0.15%
VSH	D	-0.15%
BRC	D	-0.15%
SCVL	F	-0.14%
AIT	A	-0.14%
CSGS	B	-0.14%
HROW	D	-0.14%
OSCR	D	-0.14%
CWCO	C	-0.14%
AYI	B	-0.14%
NECB	B	-0.14%
CECO	A	-0.14%
ALRM	C	-0.14%
KELYA	F	-0.14%
EIG	B	-0.13%
MOV	C	-0.13%
ALKT	B	-0.13%
PCRX	C	-0.13%
GFF	A	-0.12%
TWST	D	-0.12%
CLW	F	-0.12%
MRVI	F	-0.12%
YEXT	A	-0.11%
INVA	D	-0.11%
AMCX	C	-0.11%
CHRD	D	-0.11%
MAX	F	-0.1%
ASTH	D	-0.1%
RAMP	C	-0.1%
CGEM	F	-0.09%
SPSC	C	-0.09%
MLKN	D	-0.08%
PEBK	B	-0.08%
KRYS	B	-0.08%
KTB	B	-0.08%
ATLO	D	-0.07%
TPH	D	-0.07%
WGO	C	-0.07%
APAM	B	-0.06%
FTDR	A	-0.06%
GRND	A	-0.06%
KSS	F	-0.06%
JWN	C	-0.06%
ANDE	D	-0.05%
OTTR	C	-0.05%
AMPH	D	-0.05%
NSIT	F	-0.05%
REVG	B	-0.05%
SWX	B	-0.05%
OGS	A	-0.05%
ATEN	B	-0.05%
CTS	C	-0.05%
OMI	F	-0.05%
LBRT	D	-0.04%
AMN	F	-0.04%
PHR	F	-0.04%
FORM	D	-0.04%
TDC	D	-0.04%
ETD	C	-0.04%
HE	C	-0.04%
SEMR	B	-0.04%
COLL	F	-0.04%
EOLS	D	-0.04%
JBI	F	-0.03%
VITL	D	-0.03%
EMBC	C	-0.03%
RYI	C	-0.03%
SWI	B	-0.03%
ACLS	F	-0.02%
PGNY	F	-0.02%
ACIW	B	-0.02%
MITK	C	-0.0%
MAIN	A	-0.0%
EPAC	B	-0.0%