VONV vs. ISPY ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to ProShares S&P 500 High Income ETF (ISPY)

VONV

Vanguard Russell 1000 Value ETF

VONV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000® Value Index. The index is designed to measure the performance of large-capitalization value stocks in the United States. 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

$86.79

Average Daily Volume

372,062

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

ISPY

ProShares S&P 500 High Income ETF

ISPY Description

The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index or in instruments with similar economic characteristics.

Grade (RS Rating)

Last Trade

$45.44

Average Daily Volume

116,109

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	VONV	ISPY
30 Days	3.51%	2.30%
60 Days	4.96%	3.89%
90 Days	7.00%	6.25%
12 Months	29.73%

435 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in ISPY	Overlap
	A	D	0.15%	0.07%	0.07%
	ABBV	D	0.82%	0.57%	0.57%
	ABT	B	0.78%	0.38%	0.38%
	ACGL	D	0.14%	0.07%	0.07%
	ACN	C	0.87%	0.44%	0.44%
	ADI	D	0.44%	0.2%	0.2%
	ADM	D	0.11%	0.05%	0.05%
	ADP	B	0.03%	0.24%	0.03%
	AEE	A	0.09%	0.05%	0.05%
	AEP	D	0.21%	0.09%	0.09%
	AES	F	0.05%	0.02%	0.02%
	AFL	B	0.23%	0.11%	0.11%
	AIG	B	0.2%	0.09%	0.09%
	AIZ	A	0.04%	0.02%	0.02%
	AJG	B	0.23%	0.13%	0.13%
	AKAM	D	0.06%	0.03%	0.03%
	ALB	C	0.04%	0.02%	0.02%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.17%	0.1%	0.1%
	ALLE	D	0.05%	0.02%	0.02%
	AMAT	F	0.05%	0.29%	0.05%
	AMCR	D	0.06%	0.03%	0.03%
	AMD	F	0.32%	0.43%	0.32%
	AME	A	0.17%	0.09%	0.09%
	AMGN	D	0.15%	0.31%	0.15%
	AMP	A	0.02%	0.11%	0.02%
	ANSS	B	0.11%	0.06%	0.06%
	AON	A	0.29%	0.16%	0.16%
	AOS	F	0.04%	0.02%	0.02%
	APA	D	0.03%	0.02%	0.02%
	APD	A	0.28%	0.13%	0.13%
	APH	A	0.13%	0.17%	0.13%
	APTV	D	0.06%	0.03%	0.03%
	ARE	D	0.08%	0.03%	0.03%
	ATO	A	0.08%	0.04%	0.04%
	AVB	B	0.13%	0.06%	0.06%
	AVY	D	0.04%	0.03%	0.03%
	AWK	D	0.11%	0.05%	0.05%
	AXP	A	0.38%	0.31%	0.31%
	AZO	C	0.02%	0.1%	0.02%
	BA	F	0.34%	0.2%	0.2%
	BAC	A	1.14%	0.59%	0.59%
	BALL	D	0.07%	0.04%	0.04%
	BAX	D	0.07%	0.03%	0.03%
	BBY	D	0.08%	0.03%	0.03%
	BDX	F	0.27%	0.13%	0.13%
	BEN	C	0.02%	0.01%	0.01%
	BG	F	0.05%	0.02%	0.02%
	BIIB	F	0.1%	0.05%	0.05%
	BK	A	0.22%	0.11%	0.11%
	BKNG	A	0.04%	0.31%	0.04%
	BKR	B	0.15%	0.08%	0.08%
	BLDR	D	0.07%	0.04%	0.04%
	BLK	C	0.58%	0.27%	0.27%
	BMY	B	0.45%	0.23%	0.23%
	BR	A	0.01%	0.05%	0.01%
	BRK.A	B	3.3%	1.63%	1.63%
	BRO	B	0.06%	0.05%	0.05%
	BSX	B	0.49%	0.25%	0.25%
	BWA	D	0.03%	0.02%	0.02%
	BXP	D	0.05%	0.02%	0.02%
	C	A	0.49%	0.25%	0.25%
	CAG	D	0.06%	0.03%	0.03%
	CAH	B	0.04%	0.06%	0.04%
	CARR	D	0.2%	0.12%	0.12%
	CAT	B	0.63%	0.36%	0.36%
	CB	C	0.46%	0.2%	0.2%
	CBOE	B	0.09%	0.04%	0.04%
	CBRE	B	0.16%	0.08%	0.08%
	CCI	D	0.19%	0.09%	0.09%
	CCL	B	0.09%	0.05%	0.05%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.04%	0.02%	0.02%
	CEG	D	0.28%	0.13%	0.13%
	CF	B	0.06%	0.03%	0.03%
	CFG	B	0.08%	0.04%	0.04%
	CHD	B	0.1%	0.05%	0.05%
	CHRW	C	0.05%	0.02%	0.02%
	CHTR	C	0.12%	0.08%	0.08%
	CI	F	0.32%	0.18%	0.18%
	CINF	A	0.09%	0.04%	0.04%
	CL	D	0.14%	0.14%	0.14%
	CMCSA	B	0.67%	0.32%	0.32%
	CME	A	0.32%	0.16%	0.16%
	CMI	A	0.18%	0.1%	0.1%
	CMS	C	0.08%	0.04%	0.04%
	CNC	D	0.13%	0.06%	0.06%
	CNP	B	0.07%	0.04%	0.04%
	COF	B	0.25%	0.13%	0.13%
	COP	C	0.51%	0.25%	0.25%
	CPB	D	0.04%	0.02%	0.02%
	CPRT	A	0.01%	0.1%	0.01%
	CPT	B	0.05%	0.03%	0.03%
	CRL	C	0.04%	0.02%	0.02%
	CRM	B	0.17%	0.63%	0.17%
	CSCO	B	0.89%	0.45%	0.45%
	CSGP	D	0.12%	0.06%	0.06%
	CSX	B	0.26%	0.13%	0.13%
	CTAS	B	0.01%	0.15%	0.01%
	CTLT	B	0.04%	0.02%	0.02%
	CTRA	B	0.07%	0.04%	0.04%
	CTSH	B	0.15%	0.08%	0.08%
	CTVA	C	0.17%	0.08%	0.08%
	CVS	D	0.29%	0.13%	0.13%
	CVX	A	1.03%	0.51%	0.51%
	CZR	F	0.03%	0.02%	0.02%
	D	C	0.2%	0.09%	0.09%
	DAL	C	0.15%	0.08%	0.08%
	DAY	B	0.04%	0.02%	0.02%
	DD	D	0.14%	0.07%	0.07%
	DE	A	0.41%	0.19%	0.19%
	DELL	C	0.11%	0.07%	0.07%
	DFS	B	0.15%	0.08%	0.08%
	DG	F	0.07%	0.03%	0.03%
	DGX	A	0.07%	0.03%	0.03%
	DHI	D	0.2%	0.09%	0.09%
	DHR	F	0.63%	0.3%	0.3%
	DIS	B	0.71%	0.36%	0.36%
	DLR	B	0.23%	0.1%	0.1%
	DLTR	F	0.05%	0.03%	0.03%
	DOC	D	0.06%	0.03%	0.03%
	DOV	A	0.1%	0.05%	0.05%
	DOW	F	0.14%	0.06%	0.06%
	DPZ	C	0.04%	0.03%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.1%	0.05%	0.05%
	DUK	C	0.36%	0.16%	0.16%
	DVN	F	0.1%	0.05%	0.05%
	EA	A	0.16%	0.07%	0.07%
	EBAY	D	0.12%	0.06%	0.06%
	ECL	D	0.03%	0.12%	0.03%
	ED	D	0.14%	0.06%	0.06%
	EFX	F	0.1%	0.06%	0.06%
	EG	C	0.05%	0.03%	0.03%
	EIX	B	0.13%	0.06%	0.06%
	EL	F	0.04%	0.03%	0.03%
	ELV	F	0.32%	0.18%	0.18%
	EMN	D	0.05%	0.02%	0.02%
	EMR	A	0.25%	0.14%	0.14%
	EOG	A	0.28%	0.15%	0.15%
	EPAM	C	0.04%	0.03%	0.03%
	EQIX	A	0.33%	0.16%	0.16%
	EQR	B	0.11%	0.05%	0.05%
	EQT	B	0.08%	0.05%	0.05%
	ES	D	0.09%	0.04%	0.04%
	ESS	B	0.07%	0.04%	0.04%
	ETN	A	0.53%	0.28%	0.28%
	ETR	B	0.13%	0.06%	0.06%
	EVRG	A	0.05%	0.03%	0.03%
	EW	C	0.13%	0.08%	0.08%
	EXC	C	0.16%	0.07%	0.07%
	EXPD	D	0.06%	0.03%	0.03%
	EXR	D	0.14%	0.07%	0.07%
	F	C	0.16%	0.08%	0.08%
	FANG	D	0.13%	0.07%	0.07%
	FAST	B	0.03%	0.09%	0.03%
	FCX	D	0.26%	0.12%	0.12%
	FDS	B	0.04%	0.03%	0.03%
	FDX	B	0.25%	0.13%	0.13%
	FE	C	0.1%	0.04%	0.04%
	FFIV	B	0.05%	0.03%	0.03%
	FI	A	0.31%	0.23%	0.23%
	FICO	B	0.03%	0.11%	0.03%
	FIS	C	0.2%	0.09%	0.09%
	FITB	A	0.12%	0.06%	0.06%
	FMC	D	0.03%	0.01%	0.01%
	FOX	A	0.02%	0.01%	0.01%
	FOXA	B	0.04%	0.02%	0.02%
	FRT	B	0.04%	0.02%	0.02%
	FSLR	F	0.08%	0.04%	0.04%
	FTNT	C	0.04%	0.12%	0.04%
	FTV	C	0.1%	0.05%	0.05%
	GD	F	0.32%	0.15%	0.15%
	GE	D	0.59%	0.38%	0.38%
	GEHC	F	0.14%	0.07%	0.07%
	GEN	B	0.06%	0.03%	0.03%
	GEV	B	0.33%	0.17%	0.17%
	GILD	C	0.44%	0.22%	0.22%
	GIS	D	0.15%	0.07%	0.07%
	GL	B	0.04%	0.02%	0.02%
	GLW	B	0.15%	0.07%	0.07%
	GM	B	0.23%	0.12%	0.12%
	GNRC	B	0.02%	0.02%	0.02%
	GPC	D	0.06%	0.03%	0.03%
	GPN	B	0.11%	0.06%	0.06%
	GRMN	B	0.12%	0.06%	0.06%
	GS	A	0.48%	0.36%	0.36%
	GWW	B	0.02%	0.1%	0.02%
	HAL	C	0.1%	0.05%	0.05%
	HAS	D	0.0%	0.02%	0.0%
	HBAN	A	0.09%	0.05%	0.05%
	HCA	F	0.2%	0.12%	0.12%
	HD	A	0.32%	0.77%	0.32%
	HES	B	0.05%	0.07%	0.05%
	HIG	B	0.13%	0.07%	0.07%
	HII	D	0.03%	0.02%	0.02%
	HLT	A	0.11%	0.12%	0.11%
	HOLX	D	0.07%	0.04%	0.04%
	HON	B	0.45%	0.29%	0.29%
	HPE	B	0.1%	0.05%	0.05%
	HPQ	B	0.11%	0.07%	0.07%
	HRL	D	0.04%	0.02%	0.02%
	HSIC	B	0.04%	0.02%	0.02%
	HST	C	0.05%	0.02%	0.02%
	HSY	F	0.09%	0.05%	0.05%
	HUBB	B	0.09%	0.05%	0.05%
	HUM	C	0.12%	0.07%	0.07%
	HWM	A	0.15%	0.09%	0.09%
	IBM	C	0.76%	0.37%	0.37%
	ICE	C	0.35%	0.17%	0.17%
	IEX	B	0.07%	0.03%	0.03%
	IFF	D	0.1%	0.04%	0.04%
	INCY	C	0.04%	0.02%	0.02%
	INTC	D	0.37%	0.2%	0.2%
	INVH	D	0.08%	0.04%	0.04%
	IP	B	0.08%	0.04%	0.04%
	IPG	D	0.04%	0.02%	0.02%
	IQV	D	0.13%	0.07%	0.07%
	IR	B	0.15%	0.08%	0.08%
	IRM	D	0.06%	0.06%	0.06%
	ITW	B	0.19%	0.14%	0.14%
	IVZ	B	0.03%	0.02%	0.02%
	J	F	0.07%	0.04%	0.04%
	JBHT	C	0.06%	0.03%	0.03%
	JBL	B	0.05%	0.03%	0.03%
	JCI	C	0.17%	0.11%	0.11%
	JKHY	D	0.05%	0.02%	0.02%
	JNJ	D	1.54%	0.7%	0.7%
	JNPR	F	0.05%	0.02%	0.02%
	JPM	A	2.55%	1.31%	1.31%
	K	A	0.08%	0.04%	0.04%
	KDP	D	0.15%	0.07%	0.07%
	KEY	B	0.06%	0.03%	0.03%
	KEYS	A	0.1%	0.05%	0.05%
	KHC	F	0.12%	0.05%	0.05%
	KIM	A	0.06%	0.03%	0.03%
	KKR	A	0.27%	0.2%	0.2%
	KMB	D	0.11%	0.08%	0.08%
	KMI	A	0.19%	0.1%	0.1%
	KMX	B	0.04%	0.02%	0.02%
	KO	D	0.43%	0.47%	0.43%
	KR	B	0.15%	0.08%	0.08%
	KVUE	A	0.18%	0.08%	0.08%
	L	A	0.06%	0.03%	0.03%
	LDOS	C	0.1%	0.05%	0.05%
	LEN	D	0.01%	0.08%	0.01%
	LEN	D	0.16%	0.08%	0.08%
	LH	C	0.08%	0.04%	0.04%
	LHX	C	0.19%	0.1%	0.1%
	LIN	D	0.88%	0.42%	0.42%
	LKQ	D	0.04%	0.02%	0.02%
	LMT	D	0.32%	0.23%	0.23%
	LNT	A	0.06%	0.03%	0.03%
	LOW	D	0.6%	0.3%	0.3%
	LUV	C	0.07%	0.04%	0.04%
	LW	C	0.03%	0.02%	0.02%
	LYB	F	0.09%	0.04%	0.04%
	MAA	B	0.07%	0.04%	0.04%
	MAR	B	0.24%	0.13%	0.13%
	MAS	D	0.07%	0.03%	0.03%
	MCD	D	0.79%	0.41%	0.41%
	MCHP	D	0.16%	0.07%	0.07%
	MCK	B	0.15%	0.15%	0.15%
	MDLZ	F	0.37%	0.17%	0.17%
	MDT	D	0.46%	0.22%	0.22%
	MET	A	0.18%	0.09%	0.09%
	MGM	D	0.03%	0.02%	0.02%
	MHK	D	0.03%	0.01%	0.01%
	MKC	D	0.08%	0.04%	0.04%
	MKTX	D	0.04%	0.02%	0.02%
	MLM	B	0.14%	0.07%	0.07%
	MMC	B	0.37%	0.21%	0.21%
	MMM	D	0.23%	0.14%	0.14%
	MNST	C	0.03%	0.08%	0.03%
	MO	A	0.37%	0.18%	0.18%
	MOH	F	0.03%	0.03%	0.03%
	MOS	F	0.03%	0.02%	0.02%
	MPC	D	0.21%	0.1%	0.1%
	MRNA	F	0.07%	0.03%	0.03%
	MRO	B	0.06%	0.03%	0.03%
	MS	A	0.51%	0.32%	0.32%
	MSCI	C	0.07%	0.09%	0.07%
	MSI	B	0.16%	0.16%	0.16%
	MTB	A	0.13%	0.07%	0.07%
	MTCH	D	0.04%	0.02%	0.02%
	MTD	D	0.11%	0.05%	0.05%
	MU	D	0.44%	0.21%	0.21%
	NDAQ	A	0.12%	0.06%	0.06%
	NDSN	B	0.06%	0.03%	0.03%
	NEE	D	0.65%	0.29%	0.29%
	NEM	D	0.21%	0.09%	0.09%
	NI	A	0.06%	0.03%	0.03%
	NKE	D	0.14%	0.18%	0.14%
	NOC	D	0.28%	0.14%	0.14%
	NRG	B	0.04%	0.04%	0.04%
	NSC	B	0.23%	0.12%	0.12%
	NTAP	C	0.05%	0.05%	0.05%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	C	0.14%	0.07%	0.07%
	NVR	D	0.1%	0.05%	0.05%
	NWS	B	0.01%	0.01%	0.01%
	NWSA	B	0.04%	0.02%	0.02%
	O	D	0.21%	0.09%	0.09%
	OKE	A	0.23%	0.12%	0.12%
	OMC	C	0.08%	0.04%	0.04%
	ON	D	0.12%	0.06%	0.06%
	ORLY	B	0.02%	0.13%	0.02%
	OTIS	C	0.16%	0.08%	0.08%
	OXY	D	0.13%	0.07%	0.07%
	PARA	C	0.03%	0.01%	0.01%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.11%	0.09%	0.09%
	PCAR	B	0.21%	0.12%	0.12%
	PCG	A	0.17%	0.09%	0.09%
	PEG	A	0.18%	0.08%	0.08%
	PEP	F	0.19%	0.43%	0.19%
	PFE	D	0.64%	0.29%	0.29%
	PFG	D	0.08%	0.04%	0.04%
	PG	A	1.21%	0.75%	0.75%
	PGR	A	0.09%	0.29%	0.09%
	PH	A	0.32%	0.17%	0.17%
	PHM	D	0.11%	0.05%	0.05%
	PKG	A	0.08%	0.04%	0.04%
	PLD	D	0.42%	0.21%	0.21%
	PM	B	0.83%	0.37%	0.37%
	PNC	B	0.3%	0.16%	0.16%
	PNR	A	0.07%	0.03%	0.03%
	PNW	B	0.04%	0.02%	0.02%
	PPG	F	0.12%	0.05%	0.05%
	PPL	B	0.1%	0.05%	0.05%
	PRU	A	0.18%	0.09%	0.09%
	PSA	D	0.18%	0.1%	0.1%
	PSX	C	0.2%	0.1%	0.1%
	PTC	A	0.03%	0.04%	0.03%
	PWR	A	0.12%	0.09%	0.09%
	PYPL	B	0.32%	0.17%	0.17%
	QCOM	F	0.05%	0.34%	0.05%
	QRVO	F	0.03%	0.01%	0.01%
	RCL	A	0.13%	0.11%	0.11%
	REG	B	0.05%	0.02%	0.02%
	REGN	F	0.32%	0.16%	0.16%
	RF	A	0.09%	0.05%	0.05%
	RJF	A	0.11%	0.06%	0.06%
	RL	B	0.03%	0.02%	0.02%
	RMD	C	0.1%	0.07%	0.07%
	ROK	B	0.11%	0.06%	0.06%
	ROP	B	0.23%	0.12%	0.12%
	ROST	C	0.14%	0.09%	0.09%
	RSG	A	0.16%	0.08%	0.08%
	RTX	C	0.64%	0.31%	0.31%
	RVTY	F	0.06%	0.03%	0.03%
	SBAC	D	0.1%	0.04%	0.04%
	SBUX	A	0.1%	0.22%	0.1%
	SCHW	B	0.38%	0.22%	0.22%
	SHW	A	0.03%	0.17%	0.03%
	SJM	D	0.05%	0.02%	0.02%
	SLB	C	0.23%	0.12%	0.12%
	SNA	A	0.07%	0.04%	0.04%
	SO	D	0.4%	0.18%	0.18%
	SOLV	C	0.04%	0.02%	0.02%
	SPG	B	0.16%	0.1%	0.1%
	SPGI	C	0.6%	0.31%	0.31%
	SRE	A	0.21%	0.11%	0.11%
	STE	F	0.09%	0.04%	0.04%
	STLD	B	0.08%	0.04%	0.04%
	STT	A	0.11%	0.05%	0.05%
	STZ	D	0.15%	0.07%	0.07%
	SW	A	0.11%	0.05%	0.05%
	SWK	D	0.06%	0.03%	0.03%
	SWKS	F	0.06%	0.03%	0.03%
	SYF	B	0.09%	0.05%	0.05%
	SYK	C	0.36%	0.25%	0.25%
	SYY	B	0.06%	0.07%	0.06%
	T	A	0.65%	0.3%	0.3%
	TAP	C	0.04%	0.02%	0.02%
	TDG	D	0.23%	0.14%	0.14%
	TDY	B	0.08%	0.04%	0.04%
	TECH	D	0.05%	0.02%	0.02%
	TER	D	0.01%	0.03%	0.01%
	TFC	A	0.23%	0.12%	0.12%
	TFX	F	0.04%	0.02%	0.02%
	TGT	F	0.28%	0.14%	0.14%
	TJX	A	0.21%	0.26%	0.21%
	TMO	F	0.84%	0.39%	0.39%
	TMUS	B	0.43%	0.22%	0.22%
	TPR	B	0.04%	0.02%	0.02%
	TRMB	B	0.06%	0.03%	0.03%
	TROW	B	0.1%	0.05%	0.05%
	TRV	B	0.22%	0.11%	0.11%
	TSN	B	0.07%	0.03%	0.03%
	TT	A	0.22%	0.18%	0.18%
	TTWO	A	0.11%	0.06%	0.06%
	TXN	C	0.65%	0.36%	0.36%
	TXT	D	0.06%	0.03%	0.03%
	TYL	B	0.02%	0.05%	0.02%
	UAL	A	0.1%	0.06%	0.06%
	UDR	B	0.06%	0.03%	0.03%
	UHS	D	0.05%	0.02%	0.02%
	ULTA	F	0.01%	0.03%	0.01%
	UNH	C	1.94%	1.07%	1.07%
	UNP	C	0.3%	0.28%	0.28%
	UPS	C	0.39%	0.19%	0.19%
	URI	B	0.16%	0.11%	0.11%
	USB	A	0.3%	0.15%	0.15%
	VICI	C	0.13%	0.06%	0.06%
	VLO	C	0.17%	0.09%	0.09%
	VLTO	D	0.06%	0.05%	0.05%
	VMC	B	0.11%	0.07%	0.07%
	VRSN	F	0.06%	0.03%	0.03%
	VRTX	F	0.25%	0.24%	0.24%
	VTR	C	0.11%	0.05%	0.05%
	VTRS	A	0.06%	0.03%	0.03%
	VZ	C	0.71%	0.33%	0.33%
	WAB	B	0.13%	0.07%	0.07%
	WAT	B	0.03%	0.04%	0.03%
	WBA	F	0.03%	0.01%	0.01%
	WBD	C	0.08%	0.04%	0.04%
	WDC	D	0.09%	0.04%	0.04%
	WEC	A	0.12%	0.06%	0.06%
	WELL	A	0.33%	0.15%	0.15%
	WFC	A	0.91%	0.47%	0.47%
	WMB	A	0.25%	0.13%	0.13%
	WMT	A	1.42%	0.71%	0.71%
	WRB	A	0.07%	0.03%	0.03%
	WST	C	0.04%	0.05%	0.04%
	WTW	B	0.12%	0.06%	0.06%
	WY	D	0.09%	0.04%	0.04%
	WYNN	D	0.04%	0.02%	0.02%
	XEL	A	0.15%	0.07%	0.07%
	XOM	B	2.1%	1.03%	1.03%
	XYL	D	0.12%	0.06%	0.06%
	YUM	B	0.09%	0.07%	0.07%
	ZBH	C	0.09%	0.04%	0.04%
	ZBRA	B	0.06%	0.04%	0.04%
	ZTS	D	0.06%	0.15%	0.06%

VONV Overweight 407 Positions Relative to ISPY

	Symbol	Grade	Weight
	MRVL	B	0.25%
	MSTR	C	0.14%
	LNG	B	0.09%
	ILMN	D	0.09%
	FCNCA	A	0.09%
	SQ	B	0.09%
	APO	B	0.08%
	ZM	B	0.08%
	UTHR	C	0.07%
	RS	B	0.07%
	SUI	D	0.07%
	WSO	A	0.07%
	CSL	C	0.07%
	CVNA	B	0.07%
	TRU	D	0.07%
	RGA	A	0.06%
	USFD	A	0.06%
	ACM	A	0.06%
	THC	D	0.06%
	TOL	B	0.06%
	SSNC	B	0.06%
	MKL	A	0.06%
	AVTR	F	0.06%
	OC	A	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	FNF	B	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	CLH	B	0.05%
	UNM	A	0.05%
	AMH	D	0.05%
	WPC	D	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	COHR	B	0.05%
	NVT	B	0.05%
	BMRN	D	0.05%
	RPM	A	0.05%
	EME	C	0.05%
	ELS	C	0.05%
	GLPI	C	0.05%
	CW	B	0.05%
	RNR	C	0.05%
	EWBC	A	0.05%
	GGG	B	0.05%
	DTM	B	0.04%
	FYBR	D	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	WBS	A	0.04%
	JLL	D	0.04%
	TW	A	0.04%
	WAL	B	0.04%
	NYT	C	0.04%
	LAD	A	0.04%
	CIEN	B	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	EVR	B	0.04%
	PRI	A	0.04%
	RGLD	C	0.04%
	SOFI	A	0.04%
	WTRG	B	0.04%
	CNH	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	DKS	C	0.04%
	AA	B	0.04%
	DOX	D	0.04%
	AFRM	B	0.04%
	TTEK	F	0.04%
	FBIN	D	0.04%
	BLD	D	0.04%
	SF	B	0.04%
	OVV	B	0.04%
	OHI	C	0.04%
	RPRX	D	0.04%
	PFGC	B	0.04%
	CUBE	D	0.04%
	NTNX	A	0.04%
	TWLO	A	0.04%
	CCK	C	0.04%
	CG	A	0.04%
	RRX	B	0.04%
	ATR	B	0.04%
	BJ	A	0.04%
	LSTR	D	0.03%
	MKSI	C	0.03%
	ARW	D	0.03%
	MTSI	B	0.03%
	OKTA	C	0.03%
	WEX	D	0.03%
	XP	F	0.03%
	BBWI	D	0.03%
	FAF	A	0.03%
	RGEN	D	0.03%
	MTG	C	0.03%
	ATI	D	0.03%
	SIRI	C	0.03%
	WMS	D	0.03%
	BFAM	D	0.03%
	CGNX	C	0.03%
	PB	A	0.03%
	OSK	B	0.03%
	KEX	C	0.03%
	HRB	D	0.03%
	G	B	0.03%
	STAG	F	0.03%
	JAZZ	B	0.03%
	COKE	C	0.03%
	RHI	B	0.03%
	FCN	D	0.03%
	MAT	D	0.03%
	AGNC	D	0.03%
	ROKU	D	0.03%
	FND	C	0.03%
	MIDD	C	0.03%
	SSD	D	0.03%
	DASH	A	0.03%
	FR	C	0.03%
	FLS	B	0.03%
	BIO	D	0.03%
	ESAB	B	0.03%
	WSM	B	0.03%
	GNTX	C	0.03%
	PR	B	0.03%
	GXO	B	0.03%
	LBRDK	C	0.03%
	RRC	B	0.03%
	SNV	B	0.03%
	CHE	D	0.03%
	ONTO	D	0.03%
	VFC	C	0.03%
	Z	A	0.03%
	VNO	B	0.03%
	COLD	D	0.03%
	ADC	B	0.03%
	SKX	D	0.03%
	SAIC	F	0.03%
	SEIC	B	0.03%
	CBSH	A	0.03%
	CFR	B	0.03%
	ZION	B	0.03%
	AR	B	0.03%
	WTFC	A	0.03%
	ACI	C	0.03%
	EXAS	D	0.03%
	LECO	B	0.03%
	CR	A	0.03%
	MTZ	B	0.03%
	CHRD	D	0.03%
	APG	B	0.03%
	NNN	D	0.03%
	RBC	A	0.03%
	TKO	B	0.03%
	OGE	B	0.03%
	PNFP	B	0.03%
	JEF	A	0.03%
	BERY	B	0.03%
	BRX	A	0.03%
	VOYA	B	0.03%
	CRBG	B	0.03%
	KNX	B	0.03%
	AAL	B	0.03%
	KBR	F	0.03%
	HLI	B	0.03%
	GMED	A	0.03%
	EGP	F	0.03%
	RIVN	F	0.03%
	ALLY	C	0.03%
	GWRE	A	0.03%
	GME	C	0.03%
	AXTA	A	0.03%
	WCC	B	0.03%
	GPK	C	0.03%
	TTC	D	0.03%
	CMA	A	0.03%
	BRBR	A	0.03%
	LAMR	D	0.03%
	ORI	A	0.03%
	X	C	0.03%
	SNX	C	0.03%
	INGR	B	0.03%
	ALNY	D	0.02%
	KMPR	B	0.02%
	MSGS	A	0.02%
	RH	B	0.02%
	HOG	D	0.02%
	ACHC	F	0.02%
	AN	C	0.02%
	SITE	D	0.02%
	GTES	A	0.02%
	W	F	0.02%
	AWI	A	0.02%
	CLF	F	0.02%
	FLO	D	0.02%
	UHAL	D	0.02%
	OLED	D	0.02%
	GAP	C	0.02%
	M	D	0.02%
	FRPT	B	0.02%
	ASH	D	0.02%
	EEFT	B	0.02%
	SLGN	A	0.02%
	LITE	B	0.02%
	DLB	B	0.02%
	TPG	A	0.02%
	DBX	B	0.02%
	AGO	B	0.02%
	WSC	D	0.02%
	WTM	A	0.02%
	WLK	D	0.02%
	BILL	A	0.02%
	RYN	D	0.02%
	OZK	B	0.02%
	XRAY	F	0.02%
	AL	B	0.02%
	CUZ	B	0.02%
	KRC	C	0.02%
	DOCS	C	0.02%
	SLM	A	0.02%
	BYD	C	0.02%
	HXL	D	0.02%
	OLN	D	0.02%
	AVT	C	0.02%
	OGN	D	0.02%
	SN	D	0.02%
	ROIV	C	0.02%
	PSN	D	0.02%
	SEE	C	0.02%
	UGI	A	0.02%
	ZG	A	0.02%
	SON	D	0.02%
	ST	F	0.02%
	FNB	A	0.02%
	KD	B	0.02%
	IDA	A	0.02%
	CROX	D	0.02%
	THO	B	0.02%
	THG	A	0.02%
	JHG	A	0.02%
	TKR	D	0.02%
	POST	C	0.02%
	SAIA	B	0.02%
	BC	C	0.02%
	LEA	D	0.02%
	PVH	C	0.02%
	H	B	0.02%
	WHR	B	0.02%
	NFG	A	0.02%
	OMF	A	0.02%
	OLLI	D	0.02%
	MTDR	B	0.02%
	BPOP	B	0.02%
	COIN	C	0.02%
	SRCL	C	0.02%
	VNT	B	0.02%
	MDU	D	0.02%
	CRUS	D	0.02%
	LNC	B	0.02%
	S	B	0.02%
	COLB	A	0.02%
	LFUS	F	0.02%
	ALK	C	0.02%
	ESI	A	0.02%
	AXS	A	0.02%
	DINO	D	0.02%
	RLI	B	0.02%
	AMG	B	0.02%
	NOV	C	0.02%
	MSA	D	0.02%
	STWD	C	0.02%
	WH	B	0.02%
	DAR	C	0.02%
	VMI	B	0.02%
	ELAN	D	0.02%
	AGCO	D	0.02%
	R	B	0.02%
	UA	C	0.01%
	SNDR	B	0.01%
	FTRE	D	0.01%
	GO	C	0.01%
	LYFT	C	0.01%
	REYN	D	0.01%
	EXEL	B	0.01%
	LEG	F	0.01%
	TRIP	F	0.01%
	WOLF	F	0.01%
	WEN	D	0.01%
	INFA	D	0.01%
	VSTS	C	0.01%
	BIRK	D	0.01%
	PPC	C	0.01%
	QS	F	0.01%
	UAA	C	0.01%
	AZEK	A	0.01%
	LPX	B	0.01%
	CRI	D	0.01%
	PSTG	D	0.01%
	PINC	B	0.01%
	CNXC	F	0.01%
	KSS	F	0.01%
	SAM	C	0.01%
	ETSY	D	0.01%
	YETI	C	0.01%
	AAP	C	0.01%
	AZTA	D	0.01%
	BROS	B	0.01%
	LCID	F	0.01%
	GLOB	B	0.01%
	IPGP	D	0.01%
	RKT	F	0.01%
	RCM	F	0.01%
	BRKR	D	0.01%
	ENOV	C	0.01%
	CPRI	F	0.01%
	JWN	C	0.01%
	ADTN	A	0.01%
	EXP	A	0.01%
	HAYW	B	0.01%
	BOKF	B	0.01%
	MP	B	0.01%
	SHC	F	0.01%
	HHH	B	0.01%
	SPB	C	0.01%
	CWEN	C	0.01%
	CC	C	0.01%
	VIRT	B	0.01%
	AGR	B	0.01%
	ALGM	D	0.01%
	CXT	B	0.01%
	VAC	B	0.01%
	CLVT	F	0.01%
	COLM	B	0.01%
	LOPE	B	0.01%
	MPW	F	0.01%
	PAG	B	0.01%
	COTY	F	0.01%
	AMKR	D	0.01%
	PK	B	0.01%
	NSA	D	0.01%
	CNM	D	0.01%
	BHF	B	0.01%
	MAN	D	0.01%
	MASI	A	0.01%
	PENN	C	0.01%
	WU	D	0.01%
	AM	A	0.01%
	AMED	F	0.01%
	IRDM	D	0.01%
	PLNT	A	0.01%
	FHB	A	0.01%
	TNL	A	0.01%
	SPR	D	0.01%
	U	C	0.01%
	NXST	C	0.01%
	EPR	D	0.01%
	ZI	D	0.01%
	PRGO	B	0.01%
	HIW	D	0.01%
	CIVI	D	0.01%
	DXC	B	0.01%
	IAC	D	0.01%
	NEU	C	0.01%
	PII	D	0.01%
	GFS	C	0.01%
	MSM	C	0.01%
	NVST	B	0.01%
	DNB	B	0.01%
	HUN	F	0.01%
	NWL	B	0.01%
	SMG	D	0.01%
	UHAL	D	0.0%
	UWMC	D	0.0%
	SEG	B	0.0%
	NFE	D	0.0%
	IONS	F	0.0%
	TXG	F	0.0%
	PLTK	B	0.0%
	CHH	A	0.0%
	CACC	D	0.0%
	UI	A	0.0%
	TFSL	A	0.0%
	LBRDA	C	0.0%
	SEB	F	0.0%
	PATH	C	0.0%
	CWEN	C	0.0%
	DJT	C	0.0%
	CAR	C	0.0%
	LSCC	D	0.0%
	PYCR	C	0.0%
	MTN	C	0.0%
	HCP	B	0.0%
	FIVE	F	0.0%
	CNA	B	0.0%
	DV	C	0.0%
	DDS	B	0.0%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 65 Positions Relative to ISPY

	Symbol	Grade	Weight
	NVDA	C	-6.86%
	AAPL	C	-6.52%
	MSFT	F	-6.02%
	AMZN	C	-3.81%
	META	D	-2.42%
	GOOGL	C	-2.0%
	TSLA	B	-1.75%
	GOOG	C	-1.65%
	AVGO	D	-1.54%
	LLY	F	-1.22%
	V	A	-0.99%
	MA	C	-0.82%
	COST	B	-0.79%
	NFLX	A	-0.68%
	ORCL	B	-0.58%
	MRK	F	-0.48%
	ADBE	C	-0.45%
	NOW	A	-0.41%
	INTU	C	-0.37%
	ISRG	A	-0.36%
	UBER	D	-0.28%
	PANW	C	-0.25%
	BX	A	-0.25%
	PLTR	B	-0.23%
	ANET	C	-0.19%
	LRCX	F	-0.18%
	AMT	D	-0.17%
	WM	A	-0.16%
	CDNS	B	-0.16%
	SNPS	B	-0.16%
	KLAC	D	-0.16%
	CRWD	B	-0.15%
	CMG	B	-0.15%
	MCO	B	-0.14%
	ADSK	A	-0.13%
	NXPI	D	-0.11%
	ABNB	C	-0.11%
	VST	B	-0.09%
	VRSK	A	-0.08%
	TRGP	B	-0.08%
	ODFL	B	-0.08%
	IT	C	-0.08%
	COR	B	-0.08%
	AXON	A	-0.08%
	IDXX	F	-0.07%
	LULU	C	-0.07%
	MPWR	F	-0.06%
	DXCM	D	-0.06%
	TSCO	D	-0.06%
	CPAY	A	-0.05%
	GDDY	A	-0.05%
	DECK	A	-0.05%
	PODD	C	-0.04%
	LYV	A	-0.04%
	CLX	B	-0.04%
	STX	D	-0.04%
	EXPE	B	-0.04%
	POOL	C	-0.03%
	ROL	B	-0.03%
	LVS	C	-0.03%
	ENPH	F	-0.02%
	ERIE	D	-0.02%
	SMCI	F	-0.02%
	NCLH	B	-0.02%
	DVA	B	-0.01%

VONV: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Utilities - Regulated Electric Software - Application Asset Management Oil & Gas E&P Business Services Semiconductors Biotechnology Diagnostics & Research Specialty Retail Capital Markets Packaged Foods Specialty Chemicals Information Technology Services Insurance - Property & Casualty Packaging & Containers Aerospace & Defense Software - Infrastructure REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Bank Electronics Banking Computing Real Estate Investment Trust Chemical Aerospace Electricity Mining Telecommunications Insurance Products Semiconductor Biotechnology Dow Jones Component Beverage Medicine

ISPY: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank