VONV vs. ONEQ ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Fidelity Nasdaq Composite Index Tracking Stock (ONEQ)

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 1000Â® 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

$82.59

Average Daily Volume

318,011

Number of Holdings ^*

839

* may have additional holdings in another (foreign) market

ONEQ

Fidelity Nasdaq Composite Index Tracking Stock

ONEQ Description

ONEQ tracks only Nasdaq-listed companies and ignores those trading on the NYSE or other exchanges. The funds underlying index comprises all domestic and international companies listed in Nasdaq. ONEQs portfolio may favor technology firms, which in the past have dominated the Nasdaq market. This is at the expense of energy, industrials, financials and other industries. Its heavy weightings to large-cap firms may increase single-stock blowup risk. Much like the market it aims to track, ONEQ is essentially a growth play, carrying elevated P/E and P/B ratios and paying smaller dividends. This exposure has translated to higher market risk. ONEQ uses a sampling strategy to track its index, which is reconstituted and rebalanced daily.

Grade (RS Rating)

Last Trade

$70.48

Average Daily Volume

311,243

Number of Holdings ^*

824

* may have additional holdings in another (foreign) market

Performance

Period	VONV	ONEQ
30 Days	3.44%	1.17%
60 Days	5.25%	1.73%
90 Days	8.24%	1.97%
12 Months	23.07%	34.63%

233 Overlapping Holdings

Symbol	Grade	Weight in VONV	Weight in ONEQ	Overlap
AAL	D	0.03%	0.02%	0.02%
ACGL	C	0.16%	0.15%	0.15%
ACHC	C	0.03%	0.03%	0.03%
ADI	C	0.47%	0.39%	0.39%
ADP	B	0.03%	0.39%	0.03%
AEP	C	0.21%	0.19%	0.19%
AFRM	C	0.04%	0.04%	0.04%
AGNC	B	0.03%	0.02%	0.02%
AKAM	D	0.06%	0.05%	0.05%
ALGM	F	0.01%	0.02%	0.01%
ALGN	D	0.03%	0.06%	0.03%
ALNY	C	0.01%	0.12%	0.01%
AMAT	D	0.05%	0.54%	0.05%
AMD	D	0.33%	0.86%	0.33%
AMED	C	0.01%	0.01%	0.01%
AMGN	B	0.16%	0.62%	0.16%
AMKR	F	0.01%	0.03%	0.01%
ANSS	D	0.11%	0.09%	0.09%
APA	F	0.04%	0.03%	0.03%
AVT	C	0.02%	0.01%	0.01%
AZTA	F	0.01%	0.01%	0.01%
BHF	F	0.01%	0.01%	0.01%
BIIB	F	0.12%	0.1%	0.1%
BKNG	C	0.03%	0.46%	0.03%
BKR	C	0.14%	0.12%	0.12%
BMRN	F	0.07%	0.06%	0.06%
BOKF	B	0.01%	0.02%	0.01%
BPOP	C	0.03%	0.02%	0.02%
BRKR	D	0.01%	0.03%	0.01%
CACC	F	0.0%	0.02%	0.0%
CACC	F	0.01%	0.02%	0.01%
CAR	F	0.0%	0.01%	0.0%
CASY	D	0.04%	0.05%	0.04%
CBSH	C	0.03%	0.03%	0.03%
CDW	D	0.06%	0.1%	0.06%
CEG	C	0.21%	0.22%	0.21%
CG	D	0.04%	0.05%	0.04%
CGNX	F	0.03%	0.02%	0.02%
CHK	D	0.04%	0.03%	0.03%
CHRD	F	0.04%	0.03%	0.03%
CHRW	B	0.05%	0.04%	0.04%
CHTR	D	0.13%	0.17%	0.13%
CINF	B	0.08%	0.07%	0.07%
CMCSA	D	0.62%	0.54%	0.54%
CNXC	F	0.01%	0.02%	0.01%
COIN	F	0.02%	0.12%	0.02%
COKE	C	0.03%	0.04%	0.03%
COLB	B	0.02%	0.02%	0.02%
COLM	C	0.01%	0.02%	0.01%
CPB	C	0.04%	0.05%	0.04%
CPRT	D	0.01%	0.17%	0.01%
CROX	D	0.03%	0.03%	0.03%
CRUS	D	0.03%	0.02%	0.02%
CSCO	C	0.82%	0.7%	0.7%
CSGP	D	0.13%	0.11%	0.11%
CSX	D	0.27%	0.23%	0.23%
CTAS	B	0.01%	0.29%	0.01%
CTSH	C	0.16%	0.13%	0.13%
CZR	C	0.03%	0.03%	0.03%
DASH	C	0.02%	0.17%	0.02%
DBX	D	0.02%	0.02%	0.02%
DLTR	F	0.07%	0.05%	0.05%
DOX	C	0.04%	0.03%	0.03%
EA	D	0.16%	0.13%	0.13%
EBAY	B	0.12%	0.11%	0.11%
EEFT	D	0.02%	0.02%	0.02%
EQIX	C	0.3%	0.28%	0.28%
ETSY	F	0.01%	0.03%	0.01%
EVRG	B	0.05%	0.04%	0.04%
EWBC	D	0.05%	0.04%	0.04%
EXAS	C	0.03%	0.04%	0.03%
EXC	C	0.15%	0.14%	0.14%
EXEL	C	0.0%	0.03%	0.0%
FANG	D	0.14%	0.11%	0.11%
FAST	C	0.02%	0.14%	0.02%
FCNCA	D	0.1%	0.09%	0.09%
FFIV	B	0.05%	0.04%	0.04%
FHB	D	0.01%	0.01%	0.01%
FITB	B	0.12%	0.1%	0.1%
FIVE	D	0.0%	0.02%	0.0%
FOX	B	0.02%	0.03%	0.02%
FOXA	B	0.04%	0.03%	0.03%
FRPT	B	0.02%	0.03%	0.02%
FSLR	C	0.1%	0.08%	0.08%
FTNT	C	0.04%	0.2%	0.04%
FTRE	D	0.01%	0.01%	0.01%
FYBR	C	0.03%	0.03%	0.03%
GEHC	C	0.13%	0.14%	0.13%
GFS	F	0.02%	0.08%	0.02%
GILD	B	0.4%	0.36%	0.36%
GLPI	C	0.05%	0.04%	0.04%
GNTX	F	0.03%	0.02%	0.02%
HAS	B	0.0%	0.04%	0.0%
HBAN	B	0.09%	0.07%	0.07%
HCP	B	0.0%	0.02%	0.0%
HOLX	B	0.08%	0.06%	0.06%
HON	D	0.46%	0.46%	0.46%
HOOD	C	0.05%	0.06%	0.05%
HSIC	C	0.04%	0.03%	0.03%
HST	C	0.05%	0.04%	0.04%
IAC	C	0.02%	0.02%	0.02%
IBKR	B	0.05%	0.05%	0.05%
ILMN	C	0.08%	0.07%	0.07%
INCY	C	0.05%	0.04%	0.04%
INTC	F	0.38%	0.29%	0.29%
IONS	F	0.0%	0.02%	0.0%
IRDM	D	0.01%	0.01%	0.01%
JAZZ	D	0.03%	0.02%	0.02%
JBHT	D	0.06%	0.06%	0.06%
JKHY	B	0.05%	0.04%	0.04%
KDP	B	0.16%	0.17%	0.16%
KHC	C	0.13%	0.15%	0.13%
LAMR	B	0.03%	0.04%	0.03%
LBRDA	F	0.0%	0.01%	0.0%
LBRDK	F	0.02%	0.03%	0.02%
LCID	C	0.01%	0.04%	0.01%
LECO	F	0.03%	0.03%	0.03%
LFUS	C	0.03%	0.02%	0.02%
LIN	B	0.92%	0.78%	0.78%
LITE	B	0.02%	0.02%	0.02%
LKQ	F	0.04%	0.03%	0.03%
LNT	B	0.06%	0.05%	0.05%
LOPE	D	0.01%	0.02%	0.01%
LSCC	D	0.0%	0.02%	0.0%
LSTR	D	0.03%	0.02%	0.02%
LYFT	D	0.01%	0.02%	0.01%
MAR	C	0.22%	0.23%	0.22%
MASI	F	0.01%	0.02%	0.01%
MAT	C	0.03%	0.03%	0.03%
MCHP	F	0.17%	0.14%	0.14%
MDLZ	B	0.39%	0.35%	0.35%
MIDD	D	0.03%	0.02%	0.02%
MKSI	F	0.03%	0.03%	0.03%
MKTX	C	0.04%	0.04%	0.04%
MNST	D	0.03%	0.18%	0.03%
MRNA	F	0.1%	0.09%	0.09%
MRVL	C	0.24%	0.22%	0.22%
MSTR	D	0.08%	0.08%	0.08%
MTCH	C	0.04%	0.03%	0.03%
MTSI	D	0.02%	0.03%	0.02%
MU	F	0.43%	0.35%	0.35%
NCNO	D	0.0%	0.01%	0.0%
NDAQ	A	0.12%	0.15%	0.12%
NDSN	C	0.06%	0.05%	0.05%
NFE	F	0.0%	0.01%	0.0%
NTAP	D	0.06%	0.08%	0.06%
NTNX	C	0.04%	0.05%	0.04%
NTRS	A	0.07%	0.06%	0.06%
NWL	C	0.01%	0.02%	0.01%
NWS	D	0.01%	0.01%	0.01%
NWSA	D	0.04%	0.03%	0.03%
NXST	D	0.01%	0.02%	0.01%
OKTA	F	0.03%	0.04%	0.03%
OLED	C	0.02%	0.03%	0.02%
OLLI	C	0.02%	0.02%	0.02%
ON	D	0.13%	0.1%	0.1%
ORLY	C	0.02%	0.23%	0.02%
OZK	D	0.02%	0.01%	0.01%
PARA	F	0.03%	0.03%	0.03%
PAYX	C	0.11%	0.17%	0.11%
PCAR	D	0.2%	0.17%	0.17%
PENN	D	0.01%	0.01%	0.01%
PEP	C	0.2%	0.85%	0.2%
PFG	B	0.08%	0.06%	0.06%
PINC	C	0.01%	0.01%	0.01%
PLTK	C	0.0%	0.01%	0.0%
PNFP	B	0.03%	0.02%	0.02%
PPC	D	0.01%	0.04%	0.01%
PTC	D	0.03%	0.07%	0.03%
PYCR	D	0.0%	0.01%	0.0%
PYPL	B	0.3%	0.25%	0.25%
QCOM	D	0.05%	0.65%	0.05%
QRVO	F	0.04%	0.03%	0.03%
RCM	C	0.01%	0.02%	0.01%
REG	C	0.05%	0.05%	0.05%
REGN	C	0.46%	0.43%	0.43%
REYN	C	0.01%	0.03%	0.01%
RGEN	F	0.03%	0.03%	0.03%
RGLD	C	0.04%	0.04%	0.04%
RIVN	F	0.05%	0.05%	0.05%
ROKU	C	0.03%	0.03%	0.03%
ROP	C	0.24%	0.2%	0.2%
ROST	C	0.15%	0.18%	0.15%
RPRX	C	0.05%	0.04%	0.04%
SAIA	D	0.02%	0.04%	0.02%
SAIC	C	0.03%	0.02%	0.02%
SBAC	C	0.1%	0.09%	0.09%
SBUX	C	0.1%	0.39%	0.1%
SEIC	C	0.03%	0.03%	0.03%
SHC	C	0.01%	0.02%	0.01%
SLM	D	0.02%	0.02%	0.02%
SOFI	C	0.03%	0.03%	0.03%
SRCL	A	0.02%	0.02%	0.02%
SRCL	A	0.02%	0.01%	0.01%
SSNC	B	0.06%	0.06%	0.06%
STLD	F	0.07%	0.06%	0.06%
SWKS	D	0.07%	0.05%	0.05%
TECH	C	0.05%	0.04%	0.04%
TER	D	0.01%	0.07%	0.01%
TFSL	C	0.0%	0.02%	0.0%
TMUS	C	0.39%	0.83%	0.39%
TPG	B	0.01%	0.02%	0.01%
TRMB	C	0.06%	0.05%	0.05%
TROW	D	0.09%	0.08%	0.08%
TTEK	C	0.04%	0.04%	0.04%
TTWO	C	0.11%	0.09%	0.09%
TW	B	0.03%	0.05%	0.03%
TXG	D	0.0%	0.01%	0.0%
TXN	C	0.69%	0.63%	0.63%
UAL	C	0.06%	0.06%	0.06%
ULTA	D	0.01%	0.06%	0.01%
UTHR	C	0.06%	0.05%	0.05%
VIRT	C	0.01%	0.01%	0.01%
VRSN	D	0.06%	0.06%	0.06%
VRTX	D	0.26%	0.43%	0.26%
VTRS	D	0.06%	0.05%	0.05%
WBA	F	0.03%	0.03%	0.03%
WBD	D	0.08%	0.07%	0.07%
WDC	D	0.09%	0.08%	0.08%
WEN	C	0.01%	0.01%	0.01%
WSC	D	0.02%	0.03%	0.02%
WTFC	B	0.03%	0.02%	0.02%
WTW	C	0.12%	0.1%	0.1%
WWD	D	0.04%	0.03%	0.03%
WYNN	D	0.03%	0.03%	0.03%
XEL	B	0.14%	0.13%	0.13%
XP	D	0.03%	0.03%	0.03%
XRAY	D	0.02%	0.02%	0.02%
Z	B	0.03%	0.04%	0.03%
ZBRA	B	0.06%	0.06%	0.06%
ZG	B	0.02%	0.01%	0.01%
ZION	D	0.03%	0.02%	0.02%
ZM	C	0.07%	0.06%	0.06%

VONV Overweight 607 Positions Relative to ONEQ

Symbol	Grade	Weight
BRK.A	C	3.5%
JPM	D	2.59%
XOM	C	2.12%
UNH	C	2.03%
JNJ	C	1.61%
WMT	C	1.35%
PG	C	1.26%
BAC	D	1.11%
CVX	D	1.02%
TMO	B	0.94%
ACN	C	0.86%
WFC	D	0.82%
ABT	C	0.79%
ABBV	C	0.79%
MCD	B	0.78%
PM	C	0.77%
IBM	B	0.74%
DHR	B	0.72%
VZ	B	0.71%
DIS	D	0.67%
RTX	C	0.66%
PFE	C	0.66%
NEE	C	0.66%
SPGI	B	0.64%
GE	B	0.6%
CAT	B	0.6%
LOW	B	0.57%
T	C	0.57%
COP	D	0.54%
BLK	B	0.53%
ETN	C	0.49%
C	C	0.48%
BSX	B	0.48%
KO	C	0.48%
GS	C	0.47%
MDT	C	0.47%
PLD	C	0.47%
CB	B	0.46%
MS	D	0.45%
ELV	C	0.44%
BMY	C	0.41%
MMC	C	0.39%
DE	B	0.39%
UPS	D	0.38%
SO	B	0.38%
CI	C	0.37%
SYK	C	0.37%
AXP	B	0.37%
ICE	C	0.37%
MO	C	0.37%
SCHW	D	0.35%
DUK	C	0.35%
BA	F	0.34%
UNP	C	0.33%
GD	B	0.33%
LMT	C	0.33%
PH	B	0.31%
USB	B	0.3%
HD	B	0.3%
EOG	D	0.3%
TGT	C	0.29%
WELL	C	0.29%
CVS	D	0.29%
NOC	B	0.29%
PNC	B	0.29%
BDX	D	0.28%
AON	B	0.27%
FDX	C	0.27%
NEM	B	0.25%
APD	B	0.25%
MPC	F	0.25%
SLB	F	0.25%
AFL	C	0.25%
FCX	D	0.25%
AJG	D	0.24%
TFC	C	0.24%
KKR	B	0.24%
PSX	F	0.24%
TDG	B	0.24%
EMR	D	0.24%
MMM	B	0.24%
GM	C	0.23%
HCA	B	0.23%
NSC	C	0.23%
OKE	B	0.22%
TT	B	0.22%
TJX	B	0.22%
GEV	B	0.22%
COF	B	0.22%
WMB	B	0.22%
DHI	B	0.22%
AIG	D	0.21%
SRE	C	0.21%
TRV	C	0.21%
O	C	0.21%
CCI	C	0.2%
DLR	B	0.2%
CARR	B	0.2%
BK	B	0.2%
MET	B	0.19%
FIS	B	0.19%
D	C	0.19%
ITW	C	0.19%
VLO	F	0.19%
F	F	0.18%
LEN	B	0.18%
LHX	C	0.18%
PSA	B	0.18%
JCI	B	0.17%
KMI	B	0.17%
A	C	0.17%
ALL	B	0.17%
MCK	F	0.17%
KVUE	C	0.17%
CNC	D	0.17%
PCG	C	0.17%
HUM	F	0.17%
CMI	C	0.17%
RSG	D	0.17%
PRU	C	0.17%
CL	D	0.16%
AME	C	0.16%
CTVA	B	0.16%
IQV	C	0.16%
PEG	B	0.16%
SPG	B	0.16%
GIS	B	0.16%
NUE	F	0.15%
HWM	B	0.15%
IR	C	0.15%
EXR	B	0.15%
URI	B	0.15%
DOW	D	0.15%
OXY	F	0.15%
MSI	B	0.15%
OTIS	C	0.15%
NKE	D	0.15%
STZ	D	0.15%
EW	F	0.14%
HIG	B	0.14%
DFS	B	0.14%
VICI	C	0.14%
ED	C	0.14%
DD	B	0.14%
CBRE	A	0.14%
KR	C	0.14%
CRM	D	0.14%
AVB	B	0.13%
GLW	C	0.13%
EIX	C	0.13%
XYL	C	0.13%
APH	D	0.13%
WEC	C	0.12%
WAB	B	0.12%
ADM	D	0.12%
EFX	B	0.12%
PPG	D	0.12%
MTD	D	0.12%
MLM	D	0.12%
STT	A	0.11%
HLT	B	0.11%
IFF	B	0.11%
HPQ	D	0.11%
KEYS	C	0.11%
NVR	B	0.11%
DAL	C	0.11%
HAL	F	0.11%
PHM	B	0.11%
PWR	B	0.11%
AWK	B	0.11%
DVN	F	0.11%
GPN	D	0.11%
EQR	B	0.11%
ROK	D	0.11%
GRMN	D	0.11%
MTB	B	0.11%
KMB	D	0.11%
ES	C	0.1%
STE	C	0.1%
VMC	D	0.1%
DELL	D	0.1%
HSY	C	0.1%
CHD	D	0.1%
VTR	C	0.1%
HPE	D	0.1%
FE	C	0.1%
RCL	B	0.1%
DOV	B	0.1%
LYB	D	0.1%
ETR	B	0.1%
DTE	C	0.1%
RMD	C	0.1%
FTV	C	0.1%
SQ	D	0.09%
LDOS	B	0.09%
HUBB	B	0.09%
RF	B	0.09%
BBY	C	0.09%
CBOE	C	0.09%
AEE	C	0.09%
WY	C	0.09%
INVH	C	0.09%
RJF	C	0.09%
PGR	B	0.09%
YUM	D	0.09%
PPL	C	0.09%
ZBH	F	0.09%
MSCI	C	0.08%
J	C	0.08%
MAA	B	0.08%
BLDR	C	0.08%
ESS	B	0.08%
BAX	C	0.08%
OMC	B	0.08%
APTV	D	0.08%
ATO	B	0.08%
CFG	C	0.08%
BALL	C	0.08%
GPC	D	0.08%
SYF	C	0.08%
MKC	C	0.08%
CMS	C	0.08%
TDY	B	0.08%
ARE	C	0.08%
LNG	C	0.08%
K	B	0.08%
RS	D	0.07%
MRO	C	0.07%
WSO	C	0.07%
AMCR	B	0.07%
CCL	C	0.07%
SUI	B	0.07%
IP	B	0.07%
LUV	C	0.07%
CNP	C	0.07%
TXT	D	0.07%
DGX	B	0.07%
CSL	B	0.07%
MAS	B	0.07%
AVTR	B	0.07%
TRU	B	0.07%
CTRA	D	0.07%
TSN	C	0.07%
DG	F	0.07%
EQT	D	0.07%
WRB	C	0.07%
PKG	B	0.07%
UHS	B	0.06%
GGG	C	0.06%
BRO	C	0.06%
EG	C	0.06%
IRM	C	0.06%
BG	D	0.06%
RGA	C	0.06%
OC	D	0.06%
EXPD	C	0.06%
UDR	C	0.06%
PNR	B	0.06%
SNA	C	0.06%
ZTS	C	0.06%
SYY	D	0.06%
NI	B	0.06%
L	C	0.06%
CAG	C	0.06%
TOL	B	0.06%
APO	C	0.06%
VLTO	C	0.06%
FNF	B	0.06%
KIM	C	0.06%
CF	C	0.06%
IEX	D	0.06%
MKL	C	0.06%
SWK	B	0.06%
RBA	B	0.06%
KEY	B	0.06%
DOC	C	0.06%
THC	A	0.06%
NVT	D	0.05%
RPM	B	0.05%
ITT	B	0.05%
BLD	D	0.05%
OVV	F	0.05%
FTI	D	0.05%
TFX	C	0.05%
CUBE	B	0.05%
JBL	D	0.05%
BXP	B	0.05%
SJM	C	0.05%
EMN	B	0.05%
CW	B	0.05%
ALLE	B	0.05%
SW	B	0.05%
AES	C	0.05%
DKS	D	0.05%
IPG	C	0.05%
KMX	D	0.05%
JNPR	B	0.05%
CLH	A	0.05%
CPT	B	0.05%
WPC	C	0.05%
RNR	C	0.05%
ELS	C	0.05%
AMH	C	0.05%
EL	F	0.05%
USFD	B	0.05%
ACM	B	0.05%
HES	F	0.05%
DCI	C	0.04%
SF	A	0.04%
TWLO	D	0.04%
WAL	B	0.04%
EVR	A	0.04%
INGR	B	0.04%
NYT	C	0.04%
DRI	B	0.04%
SOLV	C	0.04%
EGP	B	0.04%
WST	D	0.04%
CNH	D	0.04%
ORI	B	0.04%
FHN	D	0.04%
GPK	B	0.04%
PRI	B	0.04%
SNX	D	0.04%
MOS	F	0.04%
MGM	F	0.04%
EHC	C	0.04%
DPZ	F	0.04%
TPR	C	0.04%
HRL	C	0.04%
TAP	D	0.04%
FRT	C	0.04%
AFG	B	0.04%
ARMK	B	0.04%
TTC	D	0.04%
GL	C	0.04%
OHI	B	0.04%
PFGC	B	0.04%
WTRG	D	0.04%
PNW	C	0.04%
AOS	D	0.04%
CRL	F	0.04%
QGEN	C	0.04%
ATR	B	0.04%
AIZ	B	0.04%
ALLY	F	0.04%
COHR	C	0.04%
CVNA	B	0.04%
FDS	C	0.04%
EPAM	F	0.04%
BJ	D	0.04%
CCK	A	0.04%
UNM	B	0.04%
ALB	D	0.04%
NRG	C	0.04%
CACI	B	0.04%
CE	F	0.04%
REXR	C	0.04%
CTLT	B	0.04%
EME	B	0.04%
AVY	C	0.04%
RRX	C	0.04%
CAH	C	0.04%
SCI	B	0.04%
HII	D	0.04%
IVZ	B	0.03%
R	A	0.03%
GME	F	0.03%
VFC	C	0.03%
FAF	B	0.03%
RHI	D	0.03%
FICO	B	0.03%
WMS	D	0.03%
BIO	C	0.03%
FLS	D	0.03%
LEA	F	0.03%
RL	C	0.03%
PB	B	0.03%
CFR	C	0.03%
DAR	F	0.03%
GWRE	A	0.03%
SNV	C	0.03%
MSA	D	0.03%
MTG	B	0.03%
BFAM	C	0.03%
G	C	0.03%
BBWI	F	0.03%
KEX	C	0.03%
WSM	D	0.03%
SWN	D	0.03%
NOV	F	0.03%
SSD	D	0.03%
OSK	F	0.03%
PR	F	0.03%
HRB	C	0.03%
RRC	D	0.03%
MTZ	B	0.03%
VOYA	B	0.03%
WCC	D	0.03%
WEX	C	0.03%
ADC	C	0.03%
ARW	C	0.03%
BRBR	C	0.03%
HLI	B	0.03%
STAG	C	0.03%
BWXT	D	0.03%
FR	B	0.03%
FND	C	0.03%
MOH	D	0.03%
CRBG	D	0.03%
CMA	B	0.03%
DAY	D	0.03%
ELAN	D	0.03%
DTM	B	0.03%
SHW	B	0.03%
CR	C	0.03%
JEF	B	0.03%
ONTO	D	0.03%
CHE	C	0.03%
AR	F	0.03%
BWA	D	0.03%
AYI	B	0.03%
ATI	C	0.03%
OGE	C	0.03%
DINO	F	0.03%
WAT	C	0.03%
BERY	B	0.03%
AXTA	B	0.03%
FCN	D	0.03%
FMC	C	0.03%
AA	D	0.03%
TKO	B	0.03%
APG	D	0.03%
WBS	D	0.03%
ALSN	B	0.03%
GMED	D	0.03%
LAD	D	0.03%
KNX	C	0.03%
ACI	F	0.03%
BRX	B	0.03%
MHK	C	0.03%
COLD	D	0.03%
CIEN	C	0.03%
JLL	B	0.03%
ECL	B	0.03%
KBR	D	0.03%
SKX	D	0.03%
X	F	0.03%
RBC	C	0.03%
NNN	C	0.03%
TYL	C	0.02%
DXC	C	0.02%
MSM	D	0.02%
KMPR	D	0.02%
NEU	D	0.02%
LSXMK	D	0.02%
W	D	0.02%
PRGO	D	0.02%
AMP	A	0.02%
SITE	C	0.02%
CPRI	D	0.02%
DOCS	B	0.02%
CLF	F	0.02%
BYD	C	0.02%
UHAL	A	0.02%
DLB	D	0.02%
BILL	D	0.02%
KRC	B	0.02%
AGO	C	0.02%
M	F	0.02%
CUZ	B	0.02%
SLGN	B	0.02%
FLO	C	0.02%
PSN	B	0.02%
PII	D	0.02%
CIVI	F	0.02%
ASH	D	0.02%
GAP	F	0.02%
HOG	C	0.02%
ALK	C	0.02%
S	C	0.02%
RYN	C	0.02%
AN	D	0.02%
WTM	D	0.02%
GNRC	D	0.02%
AZO	D	0.02%
AL	D	0.02%
SEE	D	0.02%
WLK	D	0.02%
JHG	B	0.02%
SN	B	0.02%
IDA	C	0.02%
OLN	D	0.02%
MDU	C	0.02%
HXL	F	0.02%
THG	B	0.02%
UGI	C	0.02%
WHR	D	0.02%
FNB	C	0.02%
BC	C	0.02%
KD	D	0.02%
VNT	F	0.02%
NFG	B	0.02%
THO	D	0.02%
TKR	D	0.02%
LNC	D	0.02%
SON	C	0.02%
AMG	C	0.02%
OMF	D	0.02%
GWW	B	0.02%
WH	B	0.02%
PVH	F	0.02%
AGCO	D	0.02%
H	C	0.02%
VMI	D	0.02%
POST	C	0.02%
BEN	F	0.02%
OGN	D	0.02%
ST	D	0.02%
GXO	D	0.02%
ESAB	C	0.02%
RLI	B	0.02%
ESI	D	0.02%
VNO	B	0.02%
LW	D	0.02%
MTDR	F	0.02%
STWD	B	0.02%
AXS	B	0.02%
SNDR	B	0.01%
CERT	F	0.01%
TRIP	F	0.01%
INFA	D	0.01%
LEG	D	0.01%
MP	D	0.01%
UAA	C	0.01%
BROS	D	0.01%
LEN	B	0.01%
AZEK	C	0.01%
GO	F	0.01%
VSTS	D	0.01%
LPX	B	0.01%
PSTG	F	0.01%
IPGP	F	0.01%
SAM	F	0.01%
BIRK	F	0.01%
QS	F	0.01%
GLOB	D	0.01%
ADTN	D	0.01%
HAYW	C	0.01%
EXP	B	0.01%
KSS	F	0.01%
BR	D	0.01%
JWN	C	0.01%
HHH	C	0.01%
CRI	D	0.01%
YETI	D	0.01%
AGR	B	0.01%
ENOV	D	0.01%
CWEN	C	0.01%
VAC	F	0.01%
MPW	C	0.01%
AAP	F	0.01%
CC	F	0.01%
U	D	0.01%
RKT	C	0.01%
CNM	F	0.01%
SPB	C	0.01%
CLVT	D	0.01%
SMG	C	0.01%
RH	B	0.01%
TNL	D	0.01%
PAYC	D	0.01%
ZI	D	0.01%
AM	C	0.01%
PAG	D	0.01%
NVST	D	0.01%
PK	D	0.01%
PLNT	B	0.01%
NSA	B	0.01%
HIW	B	0.01%
WU	F	0.01%
MAN	C	0.01%
EPR	B	0.01%
MSGS	B	0.01%
SPR	D	0.01%
HUN	D	0.01%
DNB	C	0.01%
AWI	B	0.01%
COTY	F	0.01%
GTES	C	0.01%
UHAL	A	0.0%
SEG	C	0.0%
UWMC	D	0.0%
DJT	F	0.0%
UI	B	0.0%
CHH	C	0.0%
SIRI	C	0.0%
PATH	D	0.0%
CWEN	C	0.0%
SEB	D	0.0%
DDS	F	0.0%
AMC	F	0.0%
MTN	D	0.0%
CNA	C	0.0%
UA	D	0.0%
WOLF	F	0.0%
DV	F	0.0%

VONV Underweight 592 Positions Relative to ONEQ

Symbol	Grade	Weight
AAPL	C	-11.9%
MSFT	C	-11.17%
NVDA	D	-10.22%
AMZN	C	-6.77%
META	B	-4.01%
GOOGL	D	-3.23%
GOOG	D	-3.1%
AVGO	C	-2.71%
TSLA	C	-2.56%
COST	B	-1.41%
NFLX	B	-1.04%
ADBE	F	-0.84%
INTU	C	-0.64%
ISRG	B	-0.6%
PANW	D	-0.39%
MELI	B	-0.38%
LRCX	F	-0.35%
KLAC	D	-0.35%
CME	C	-0.28%
ASML	F	-0.26%
SNPS	D	-0.26%
CDNS	D	-0.25%
PDD	F	-0.22%
CRWD	D	-0.21%
NXPI	F	-0.2%
ADSK	C	-0.19%
ABNB	D	-0.18%
WDAY	D	-0.18%
AZN	D	-0.16%
TTD	B	-0.16%
ODFL	D	-0.15%
MPWR	C	-0.15%
IDXX	C	-0.14%
CCEP	B	-0.13%
VRSK	D	-0.13%
DDOG	D	-0.12%
APP	C	-0.11%
TSCO	C	-0.11%
LULU	D	-0.11%
DXCM	F	-0.1%
AXON	B	-0.1%
SMMT	C	-0.09%
ZS	F	-0.09%
ERIE	B	-0.09%
TEAM	D	-0.09%
SMCI	F	-0.09%
STX	C	-0.08%
MDB	D	-0.08%
ICLR	D	-0.08%
CHKP	B	-0.07%
NTRA	C	-0.06%
LPLA	D	-0.06%
EXPE	C	-0.06%
ENTG	F	-0.06%
SNY	B	-0.06%
PODD	B	-0.06%
ARM	D	-0.06%
DKNG	C	-0.06%
ARGX	C	-0.06%
JD	C	-0.05%
POOL	C	-0.05%
GRAB	C	-0.05%
BNTX	C	-0.05%
LOGI	D	-0.05%
MORN	C	-0.05%
PCVX	C	-0.05%
BSY	D	-0.05%
MANH	B	-0.05%
TCOM	C	-0.05%
ENPH	D	-0.05%
NTES	F	-0.04%
MEDP	F	-0.04%
DOCU	C	-0.04%
SFM	B	-0.04%
WING	B	-0.04%
CYBR	D	-0.04%
PAA	C	-0.04%
BIDU	D	-0.04%
INSM	D	-0.04%
FLEX	C	-0.04%
SRPT	D	-0.04%
NBIX	F	-0.04%
MNDY	B	-0.04%
GLBE	C	-0.03%
ENSG	B	-0.03%
HLNE	B	-0.03%
CVLT	B	-0.03%
VKTX	C	-0.03%
GTLB	D	-0.03%
MMYT	B	-0.03%
ASND	C	-0.03%
HALO	C	-0.03%
SPSC	D	-0.03%
CELH	F	-0.03%
AAON	B	-0.03%
ITCI	D	-0.03%
NICE	F	-0.03%
RVMD	C	-0.03%
DUOL	B	-0.03%
WIX	D	-0.03%
OTEX	D	-0.03%
CHDN	C	-0.03%
PCTY	C	-0.03%
LNW	B	-0.03%
BGNE	C	-0.03%
TXRH	C	-0.03%
IESC	C	-0.02%
KYMR	C	-0.02%
TCBI	B	-0.02%
SMTC	C	-0.02%
CCOI	C	-0.02%
BANF	B	-0.02%
PTEN	F	-0.02%
AEIS	D	-0.02%
CVCO	A	-0.02%
VCTR	B	-0.02%
GLNG	C	-0.02%
SLAB	D	-0.02%
INTA	A	-0.02%
KTOS	C	-0.02%
PLXS	A	-0.02%
FOLD	D	-0.02%
IPAR	F	-0.02%
SITM	B	-0.02%
NMIH	B	-0.02%
CRSP	F	-0.02%
STEP	B	-0.02%
RMBS	F	-0.02%
STRL	B	-0.02%
NPAB	D	-0.02%
IBOC	D	-0.02%
EXPI	C	-0.02%
VOD	C	-0.02%
SANM	D	-0.02%
WMG	D	-0.02%
PCH	C	-0.02%
AUR	B	-0.02%
APPF	D	-0.02%
CHCI	C	-0.02%
FIZZ	D	-0.02%
SATS	C	-0.02%
BECN	D	-0.02%
BGC	B	-0.02%
MARA	F	-0.02%
RKLB	C	-0.02%
OPCH	C	-0.02%
QLYS	F	-0.02%
VLY	C	-0.02%
IMVT	D	-0.02%
CRNX	C	-0.02%
QXO	F	-0.02%
TGTX	C	-0.02%
LANC	D	-0.02%
CLBT	B	-0.02%
ITRI	C	-0.02%
RUN	C	-0.02%
BLKB	C	-0.02%
APLS	F	-0.02%
SGRY	C	-0.02%
CFLT	F	-0.02%
HTHT	D	-0.02%
ONB	C	-0.02%
ALTR	C	-0.02%
ACLX	B	-0.02%
CORT	C	-0.02%
PRCT	C	-0.02%
HWC	D	-0.02%
CRDO	D	-0.02%
TMDX	C	-0.02%
AXSM	C	-0.02%
ASO	C	-0.02%
LEGN	F	-0.02%
ALKS	C	-0.02%
SBRA	C	-0.02%
FELE	C	-0.02%
VRRM	D	-0.02%
PECO	B	-0.02%
RDNT	B	-0.02%
IEP	F	-0.02%
BBIO	D	-0.02%
CHX	F	-0.02%
TIGO	B	-0.02%
EXLS	B	-0.02%
MDGL	F	-0.02%
PI	B	-0.02%
UBSI	B	-0.02%
ESGR	D	-0.02%
TENB	F	-0.02%
COOP	C	-0.02%
ADMA	B	-0.02%
ICUI	B	-0.02%
ACIW	B	-0.02%
UMBF	B	-0.02%
AMBA	C	-0.02%
MMSI	B	-0.02%
NSIT	D	-0.02%
VRNS	C	-0.02%
FUTU	D	-0.02%
AVAV	C	-0.02%
SIGI	D	-0.02%
BPMC	F	-0.02%
NUVL	C	-0.02%
CWST	D	-0.02%
EXPO	A	-0.02%
RARE	B	-0.02%
CYTK	F	-0.02%
CSWI	B	-0.02%
BCPC	C	-0.02%
CRVL	B	-0.02%
FFIN	B	-0.02%
PEGA	C	-0.02%
UFPI	C	-0.02%
DNLI	C	-0.02%
ACT	B	-0.02%
KRYS	D	-0.02%
HQY	C	-0.02%
FRHC	B	-0.02%
LNTH	D	-0.02%
NOVT	D	-0.02%
WFRD	F	-0.02%
IQ	F	-0.01%
SANA	F	-0.01%
ISTR	B	-0.01%
MNTK	D	-0.01%
HAFC	C	-0.01%
TRDA	D	-0.01%
TTGT	F	-0.01%
JBSS	D	-0.01%
NNDM	F	-0.01%
LQDA	F	-0.01%
MOMO	D	-0.01%
CBRL	D	-0.01%
JACK	F	-0.01%
CERS	F	-0.01%
CIFR	F	-0.01%
GLUE	C	-0.01%
FFIC	C	-0.01%
GSM	F	-0.01%
OABI	D	-0.01%
GDEN	D	-0.01%
PLYA	D	-0.01%
SCHL	D	-0.01%
CNSL	B	-0.01%
RIOT	F	-0.01%
BCBP	C	-0.01%
PLAY	F	-0.01%
BASE	F	-0.01%
SRRK	F	-0.01%
SOUN	D	-0.01%
WASH	A	-0.01%
TRS	D	-0.01%
SVRA	D	-0.01%
KELYA	D	-0.01%
GIII	C	-0.01%
EYE	F	-0.01%
NEXT	F	-0.01%
SAVA	C	-0.01%
FWRG	F	-0.01%
FLYW	F	-0.01%
CMCO	F	-0.01%
ESTA	D	-0.01%
ICHR	F	-0.01%
MATW	F	-0.01%
IMKTA	D	-0.01%
WVE	D	-0.01%
DHC	B	-0.01%
NNBR	D	-0.01%
KALU	F	-0.01%
ULCC	D	-0.01%
ODP	F	-0.01%
EMBC	C	-0.01%
FLGT	D	-0.01%
CVAC	F	-0.01%
OPK	C	-0.01%
PFC	C	-0.01%
TREE	C	-0.01%
IBUY	B	-0.01%
GMAB	F	-0.01%
CEVA	C	-0.01%
TYRA	C	-0.01%
SABR	D	-0.01%
MLCO	D	-0.01%
AVAH	C	-0.01%
COLL	C	-0.01%
WB	D	-0.01%
WULF	D	-0.01%
CDNA	C	-0.01%
BLMN	F	-0.01%
NSSC	F	-0.01%
COHU	F	-0.01%
PDFS	F	-0.01%
SDGR	D	-0.01%
TARS	C	-0.01%
NVEE	F	-0.01%
HTLD	D	-0.01%
DLO	D	-0.01%
VIR	F	-0.01%
VRNT	F	-0.01%
HBNC	B	-0.01%
VSEC	C	-0.01%
VITL	D	-0.01%
AVO	B	-0.01%
AMSF	C	-0.01%
CNDT	C	-0.01%
APOG	B	-0.01%
WABC	D	-0.01%
RDWR	C	-0.01%
COMM	C	-0.01%
IMCR	F	-0.01%
THRM	D	-0.01%
TRNS	D	-0.01%
HROW	B	-0.01%
ANIP	D	-0.01%
CRAI	D	-0.01%
SPT	F	-0.01%
TH	D	-0.01%
PFBC	D	-0.01%
INMD	D	-0.01%
CENX	D	-0.01%
CLOV	C	-0.01%
ATAT	B	-0.01%
DGII	D	-0.01%
GDYN	C	-0.01%
PEBO	C	-0.01%
MCRI	C	-0.01%
ULH	C	-0.01%
STAA	F	-0.01%
BLBD	D	-0.01%
SCSC	D	-0.01%
UCTT	F	-0.01%
CSGS	C	-0.01%
MRVI	D	-0.01%
SCVL	B	-0.01%
MRTN	D	-0.01%
OCFC	B	-0.01%
UDMY	D	-0.01%
CLSK	F	-0.01%
QNST	B	-0.01%
IMTX	C	-0.01%
ARDX	D	-0.01%
WINA	D	-0.01%
CAKE	C	-0.01%
PLAB	F	-0.01%
TCBK	D	-0.01%
VMEO	C	-0.01%
DAWN	D	-0.01%
VERA	C	-0.01%
NVAX	D	-0.01%
ECPG	D	-0.01%
SAFT	D	-0.01%
UNIT	C	-0.01%
MYRG	F	-0.01%
GABC	C	-0.01%
INBK	D	-0.01%
BILI	C	-0.01%
ANDE	D	-0.01%
BCRX	C	-0.01%
RNW	C	-0.01%
DCOM	B	-0.01%
VECO	F	-0.01%
MSEX	C	-0.01%
NAVI	C	-0.01%
TLRY	F	-0.01%
INVA	B	-0.01%
DVAX	D	-0.01%
LKFN	C	-0.01%
RCKT	D	-0.01%
AXNX	B	-0.01%
CENTA	F	-0.01%
HLIT	C	-0.01%
IDCC	B	-0.01%
AHCO	C	-0.01%
FIVN	F	-0.01%
HAIN	D	-0.01%
PRDO	D	-0.01%
TTMI	D	-0.01%
HEES	D	-0.01%
SIMO	F	-0.01%
APPN	D	-0.01%
IAS	D	-0.01%
CHEF	D	-0.01%
SUPN	C	-0.01%
NWBI	C	-0.01%
VBTX	B	-0.01%
SEDG	F	-0.01%
RPD	F	-0.01%
VC	F	-0.01%
COGT	C	-0.01%
PAGP	C	-0.01%
SYBT	A	-0.01%
PDCO	F	-0.01%
SBLK	D	-0.01%
SNDX	F	-0.01%
ARVN	F	-0.01%
AY	C	-0.01%
KURA	D	-0.01%
CNXN	B	-0.01%
ROIC	B	-0.01%
BUSE	C	-0.01%
SKWD	C	-0.01%
NTCT	C	-0.01%
FWRD	C	-0.01%
PGNY	F	-0.01%
HTZ	F	-0.01%
XRX	D	-0.01%
NEO	C	-0.01%
HOPE	B	-0.01%
EWTX	B	-0.01%
OSW	C	-0.01%
PTVE	D	-0.01%
EXTR	C	-0.01%
GDS	B	-0.01%
WSBC	D	-0.01%
FRME	D	-0.01%
CASH	B	-0.01%
GTX	F	-0.01%
HPK	D	-0.01%
INFN	B	-0.01%
DOOO	F	-0.01%
OLPX	C	-0.01%
LAUR	C	-0.01%
BVS	C	-0.01%
NVCR	D	-0.01%
CHCO	B	-0.01%
EVCM	D	-0.01%
PRVA	F	-0.01%
JANX	C	-0.01%
RRR	D	-0.01%
WERN	D	-0.01%
SPNS	D	-0.01%
STRA	F	-0.01%
PCT	C	-0.01%
GGAL	B	-0.01%
DNUT	D	-0.01%
CRTO	D	-0.01%
TRMK	C	-0.01%
IRTC	F	-0.01%
GT	F	-0.01%
MGNI	D	-0.01%
BANR	B	-0.01%
LGND	C	-0.01%
SBCF	C	-0.01%
ROCK	D	-0.01%
EFSC	B	-0.01%
STBA	B	-0.01%
MNKD	C	-0.01%
YY	C	-0.01%
VIAV	D	-0.01%
HURN	C	-0.01%
KLIC	F	-0.01%
RXST	C	-0.01%
MLKN	D	-0.01%
TRUP	C	-0.01%
CMPR	D	-0.01%
HRMY	B	-0.01%
MGPI	D	-0.01%
FFBC	D	-0.01%
POWL	C	-0.01%
CLBK	C	-0.01%
ARCB	D	-0.01%
LMAT	C	-0.01%
JBLU	D	-0.01%
LGIH	C	-0.01%
XPEL	D	-0.01%
NMRK	A	-0.01%
MBIN	D	-0.01%
TWST	D	-0.01%
PLUG	F	-0.01%
FBNC	B	-0.01%
ATRC	C	-0.01%
ADUS	B	-0.01%
MYGN	C	-0.01%
LIVN	D	-0.01%
GOGL	D	-0.01%
INDB	C	-0.01%
ATSG	D	-0.01%
ENVX	F	-0.01%
ALRM	F	-0.01%
AKRO	C	-0.01%
AMRX	B	-0.01%
VCEL	D	-0.01%
VRNA	C	-0.01%
RBCAA	B	-0.01%
BEAM	F	-0.01%
MGRC	F	-0.01%
SVC	D	-0.01%
PPBI	D	-0.01%
FROG	F	-0.01%
DIOD	F	-0.01%
CARG	B	-0.01%
MIRM	D	-0.01%
KROS	C	-0.01%
CVBF	D	-0.01%
CGON	C	-0.01%
BL	D	-0.01%
NBTB	D	-0.01%
USLM	B	-0.01%
MQ	F	-0.01%
ACLS	F	-0.01%
SKYW	C	-0.01%
VERX	D	-0.01%
PRGS	C	-0.01%
PSMT	B	-0.01%
FRSH	F	-0.01%
FULT	D	-0.01%
ZD	D	-0.01%
JAMF	D	-0.01%
GERN	D	-0.01%
ERII	D	-0.01%
OSIS	D	-0.01%
TNDM	C	-0.01%
ERIC	B	-0.01%
AMPH	C	-0.01%
NWE	B	-0.01%
IOSP	D	-0.01%
PLUS	A	-0.01%
PLMR	C	-0.01%
NARI	F	-0.01%
UFPT	B	-0.01%
DRVN	C	-0.01%
PRFT	B	-0.01%
PTCT	C	-0.01%
OMCL	C	-0.01%
IOVA	C	-0.01%
XNCR	C	-0.01%
DYN	D	-0.01%
MRCY	D	-0.01%
SNEX	B	-0.01%
FLNC	C	-0.01%
UPST	C	-0.01%
IBTX	B	-0.01%
ACAD	F	-0.01%
BRZE	F	-0.01%
SYNA	F	-0.01%
AGIO	C	-0.01%
HTLF	B	-0.01%
CPRX	A	-0.01%
LILAK	D	-0.01%
EBC	B	-0.01%
ASTE	D	-0.01%
AGYS	D	-0.01%
SWTX	F	-0.01%
ASTH	B	-0.01%
BZ	F	-0.01%
TOWN	B	-0.01%
GSHD	C	-0.01%
IDYA	F	-0.01%
HUBG	C	-0.01%
MRUS	D	-0.01%
HWKN	C	-0.01%
ALHC	C	-0.01%
QFIN	B	-0.01%
SFNC	B	-0.01%
URBN	F	-0.01%
SHOO	B	-0.01%
FORM	F	-0.01%
CATY	C	-0.01%
ROAD	B	-0.01%
ARWR	F	-0.01%
ARLP	D	-0.01%
OTTR	F	-0.01%
FIBK	B	-0.01%
PATK	B	-0.01%
VCYT	B	-0.01%
TBBK	B	-0.01%
POWI	F	-0.01%
TRMD	C	-0.01%
FTDR	B	-0.01%
FA	B	-0.01%
ACVA	B	-0.01%
CALM	A	-0.01%
LFST	C	-0.01%
SMPL	D	-0.01%
MGEE	B	-0.01%
RNA	C	-0.01%
LI	D	-0.01%
ALKT	D	-0.01%
DORM	B	-0.01%
RYTM	B	-0.01%
CLDX	C	-0.01%
PTGX	C	-0.01%
XENE	F	-0.01%
WSFS	D	-0.01%
JJSF	C	-0.01%
WDFC	C	-0.01%
STNE	F	-0.01%
VICR	D	-0.01%
WAFD	C	-0.01%
GH	D	-0.01%
ICFI	B	-0.01%
NEOG	D	-0.01%
RUSHA	C	-0.01%