VONV vs. SMMD ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to iShares Russell 2500 ETF (SMMD)

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

SMMD

iShares Russell 2500 ETF

SMMD Description

The investment seeks to track the investment results of the Russell 2500TM Index. The fund generally will invest at least 90% of its assets in the component securities, including indirect investments through the underlying fund, of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The underlying index measures the performance of the small- to mid-capitalization sector of the U.S. equity market, as defined by FTSE Russell.

Grade (RS Rating)

Last Trade

$73.02

Average Daily Volume

119,434

Number of Holdings ^*

495

* may have additional holdings in another (foreign) market

Performance

Period	VONV	SMMD
30 Days	3.51%	8.00%
60 Days	4.96%	7.78%
90 Days	7.00%	8.86%
12 Months	29.73%	32.28%

427 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in SMMD	Overlap
	AA	B	0.04%	0.17%	0.04%
	AAL	B	0.03%	0.14%	0.03%
	AAP	C	0.01%	0.03%	0.01%
	ACHC	F	0.02%	0.05%	0.02%
	ACI	C	0.03%	0.12%	0.03%
	ACM	A	0.06%	0.23%	0.06%
	ADC	B	0.03%	0.11%	0.03%
	AFG	A	0.04%	0.15%	0.04%
	AFRM	B	0.04%	0.23%	0.04%
	AGCO	D	0.02%	0.09%	0.02%
	AGNC	D	0.03%	0.11%	0.03%
	AGO	B	0.02%	0.07%	0.02%
	AIZ	A	0.04%	0.18%	0.04%
	AL	B	0.02%	0.08%	0.02%
	ALGM	D	0.01%	0.04%	0.01%
	ALK	C	0.02%	0.1%	0.02%
	ALLE	D	0.05%	0.18%	0.05%
	ALLY	C	0.03%	0.15%	0.03%
	ALSN	B	0.04%	0.15%	0.04%
	AM	A	0.01%	0.08%	0.01%
	AMED	F	0.01%	0.04%	0.01%
	AMG	B	0.02%	0.09%	0.02%
	AMH	D	0.05%	0.19%	0.05%
	AMKR	D	0.01%	0.04%	0.01%
	AN	C	0.02%	0.06%	0.02%
	AOS	F	0.04%	0.13%	0.04%
	APA	D	0.03%	0.12%	0.03%
	APG	B	0.03%	0.13%	0.03%
	AR	B	0.03%	0.15%	0.03%
	ARMK	B	0.04%	0.16%	0.04%
	ARW	D	0.03%	0.09%	0.03%
	ASH	D	0.02%	0.06%	0.02%
	ATI	D	0.03%	0.11%	0.03%
	ATR	B	0.04%	0.17%	0.04%
	AVT	C	0.02%	0.07%	0.02%
	AVY	D	0.04%	0.24%	0.04%
	AWI	A	0.02%	0.1%	0.02%
	AXS	A	0.02%	0.1%	0.02%
	AXTA	A	0.03%	0.13%	0.03%
	AYI	B	0.04%	0.15%	0.04%
	AZEK	A	0.01%	0.11%	0.01%
	AZTA	D	0.01%	0.04%	0.01%
	BBWI	D	0.03%	0.1%	0.03%
	BC	C	0.02%	0.08%	0.02%
	BERY	B	0.03%	0.12%	0.03%
	BFAM	D	0.03%	0.1%	0.03%
	BHF	B	0.01%	0.05%	0.01%
	BILL	A	0.02%	0.14%	0.02%
	BIO	D	0.03%	0.09%	0.03%
	BIRK	D	0.01%	0.03%	0.01%
	BJ	A	0.04%	0.18%	0.04%
	BLD	D	0.04%	0.17%	0.04%
	BOKF	B	0.01%	0.04%	0.01%
	BPOP	B	0.02%	0.1%	0.02%
	BRBR	A	0.03%	0.15%	0.03%
	BRKR	D	0.01%	0.09%	0.01%
	BROS	B	0.01%	0.08%	0.01%
	BRX	A	0.03%	0.13%	0.03%
	BWA	D	0.03%	0.11%	0.03%
	BWXT	B	0.04%	0.18%	0.04%
	BXP	D	0.05%	0.19%	0.05%
	BYD	C	0.02%	0.07%	0.02%
	CACC	D	0.0%	0.04%	0.0%
	CACI	D	0.05%	0.16%	0.05%
	CAR	C	0.0%	0.03%	0.0%
	CASY	A	0.05%	0.23%	0.05%
	CBSH	A	0.03%	0.13%	0.03%
	CC	C	0.01%	0.05%	0.01%
	CCK	C	0.04%	0.16%	0.04%
	CERT	F	0.0%	0.02%	0.0%
	CFR	B	0.03%	0.13%	0.03%
	CG	A	0.04%	0.17%	0.04%
	CGNX	C	0.03%	0.1%	0.03%
	CHE	D	0.03%	0.12%	0.03%
	CHH	A	0.0%	0.06%	0.0%
	CHRD	D	0.03%	0.12%	0.03%
	CHRW	C	0.05%	0.19%	0.05%
	CIEN	B	0.04%	0.15%	0.04%
	CIVI	D	0.01%	0.08%	0.01%
	CLF	F	0.02%	0.09%	0.02%
	CLH	B	0.05%	0.19%	0.05%
	CLVT	F	0.01%	0.03%	0.01%
	CMA	A	0.03%	0.12%	0.03%
	CNM	D	0.01%	0.13%	0.01%
	CNXC	F	0.01%	0.03%	0.01%
	COHR	B	0.05%	0.21%	0.05%
	COKE	C	0.03%	0.11%	0.03%
	COLB	A	0.02%	0.1%	0.02%
	COLD	D	0.03%	0.1%	0.03%
	COLM	B	0.01%	0.04%	0.01%
	COTY	F	0.01%	0.04%	0.01%
	CPRI	F	0.01%	0.03%	0.01%
	CPT	B	0.05%	0.19%	0.05%
	CR	A	0.03%	0.13%	0.03%
	CRI	D	0.01%	0.03%	0.01%
	CRL	C	0.04%	0.15%	0.04%
	CROX	D	0.02%	0.09%	0.02%
	CRUS	D	0.02%	0.08%	0.02%
	CTLT	B	0.04%	0.16%	0.04%
	CUBE	D	0.04%	0.16%	0.04%
	CUZ	B	0.02%	0.07%	0.02%
	CVNA	B	0.07%	0.4%	0.07%
	CW	B	0.05%	0.21%	0.05%
	CWEN	C	0.01%	0.01%	0.01%
	CWEN	C	0.0%	0.01%	0.0%
	CWEN	C	0.01%	0.03%	0.01%
	CWEN	C	0.0%	0.03%	0.0%
	CXT	B	0.01%	0.04%	0.01%
	CZR	F	0.03%	0.12%	0.03%
	DAR	C	0.02%	0.1%	0.02%
	DAY	B	0.04%	0.18%	0.04%
	DBX	B	0.02%	0.1%	0.02%
	DCI	B	0.04%	0.14%	0.04%
	DDS	B	0.0%	0.02%	0.0%
	DINO	D	0.02%	0.1%	0.02%
	DJT	C	0.0%	0.03%	0.0%
	DKS	C	0.04%	0.17%	0.04%
	DLB	B	0.02%	0.07%	0.02%
	DNB	B	0.01%	0.06%	0.01%
	DOCS	C	0.02%	0.09%	0.02%
	DOX	D	0.04%	0.15%	0.04%
	DTM	B	0.04%	0.16%	0.04%
	DV	C	0.0%	0.04%	0.0%
	DXC	B	0.01%	0.06%	0.01%
	EEFT	B	0.02%	0.07%	0.02%
	EG	C	0.05%	0.25%	0.05%
	EGP	F	0.03%	0.12%	0.03%
	EHC	B	0.04%	0.15%	0.04%
	ELAN	D	0.02%	0.1%	0.02%
	ELS	C	0.05%	0.19%	0.05%
	EME	C	0.05%	0.37%	0.05%
	ENOV	C	0.01%	0.04%	0.01%
	EPR	D	0.01%	0.05%	0.01%
	EQT	B	0.08%	0.41%	0.08%
	ESAB	B	0.03%	0.11%	0.03%
	ESI	A	0.02%	0.1%	0.02%
	ETSY	D	0.01%	0.09%	0.01%
	EVR	B	0.04%	0.17%	0.04%
	EWBC	A	0.05%	0.22%	0.05%
	EXAS	D	0.03%	0.15%	0.03%
	EXEL	B	0.01%	0.15%	0.01%
	EXP	A	0.01%	0.15%	0.01%
	FAF	A	0.03%	0.1%	0.03%
	FBIN	D	0.04%	0.14%	0.04%
	FCN	D	0.03%	0.1%	0.03%
	FDS	B	0.04%	0.28%	0.04%
	FFIV	B	0.05%	0.21%	0.05%
	FHB	A	0.01%	0.05%	0.01%
	FHN	A	0.04%	0.17%	0.04%
	FIVE	F	0.0%	0.07%	0.0%
	FLO	D	0.02%	0.06%	0.02%
	FLS	B	0.03%	0.12%	0.03%
	FMC	D	0.03%	0.11%	0.03%
	FNB	A	0.02%	0.09%	0.02%
	FND	C	0.03%	0.17%	0.03%
	FR	C	0.03%	0.1%	0.03%
	FRPT	B	0.02%	0.11%	0.02%
	FRT	B	0.04%	0.14%	0.04%
	FTI	A	0.05%	0.19%	0.05%
	FTRE	D	0.01%	0.03%	0.01%
	FYBR	D	0.04%	0.13%	0.04%
	G	B	0.03%	0.12%	0.03%
	GAP	C	0.02%	0.07%	0.02%
	GEN	B	0.06%	0.24%	0.06%
	GGG	B	0.05%	0.22%	0.05%
	GL	B	0.04%	0.15%	0.04%
	GLOB	B	0.01%	0.14%	0.01%
	GLPI	C	0.05%	0.2%	0.05%
	GME	C	0.03%	0.16%	0.03%
	GMED	A	0.03%	0.14%	0.03%
	GNRC	B	0.02%	0.16%	0.02%
	GNTX	C	0.03%	0.1%	0.03%
	GO	C	0.01%	0.03%	0.01%
	GPK	C	0.03%	0.13%	0.03%
	GTES	A	0.02%	0.06%	0.02%
	GWRE	A	0.03%	0.24%	0.03%
	GXO	B	0.03%	0.11%	0.03%
	H	B	0.02%	0.1%	0.02%
	HAS	D	0.0%	0.13%	0.0%
	HAYW	B	0.01%	0.03%	0.01%
	HCP	B	0.0%	0.07%	0.0%
	HHH	B	0.01%	0.04%	0.01%
	HII	D	0.03%	0.12%	0.03%
	HIW	D	0.01%	0.05%	0.01%
	HLI	B	0.03%	0.15%	0.03%
	HOG	D	0.02%	0.06%	0.02%
	HOOD	B	0.06%	0.35%	0.06%
	HRB	D	0.03%	0.12%	0.03%
	HSIC	B	0.04%	0.14%	0.04%
	HST	C	0.05%	0.19%	0.05%
	HUN	F	0.01%	0.05%	0.01%
	HXL	D	0.02%	0.07%	0.02%
	IAC	D	0.01%	0.05%	0.01%
	IDA	A	0.02%	0.09%	0.02%
	INFA	D	0.01%	0.03%	0.01%
	INGR	B	0.03%	0.14%	0.03%
	IONS	F	0.0%	0.08%	0.0%
	IPG	D	0.04%	0.16%	0.04%
	IPGP	D	0.01%	0.03%	0.01%
	IRDM	D	0.01%	0.05%	0.01%
	ITT	A	0.05%	0.19%	0.05%
	IVZ	B	0.03%	0.1%	0.03%
	JAZZ	B	0.03%	0.12%	0.03%
	JBL	B	0.05%	0.22%	0.05%
	JEF	A	0.03%	0.2%	0.03%
	JHG	A	0.02%	0.09%	0.02%
	JKHY	D	0.05%	0.19%	0.05%
	JLL	D	0.04%	0.18%	0.04%
	JNPR	F	0.05%	0.17%	0.05%
	JWN	C	0.01%	0.03%	0.01%
	KBR	F	0.03%	0.12%	0.03%
	KD	B	0.02%	0.11%	0.02%
	KEX	C	0.03%	0.11%	0.03%
	KIM	A	0.06%	0.25%	0.06%
	KMPR	B	0.02%	0.07%	0.02%
	KNX	B	0.03%	0.13%	0.03%
	KRC	C	0.02%	0.07%	0.02%
	KSS	F	0.01%	0.03%	0.01%
	LAD	A	0.04%	0.16%	0.04%
	LAMR	D	0.03%	0.17%	0.03%
	LBRDA	C	0.0%	0.02%	0.0%
	LBRDK	C	0.03%	0.14%	0.03%
	LCID	F	0.01%	0.03%	0.01%
	LEA	D	0.02%	0.08%	0.02%
	LECO	B	0.03%	0.17%	0.03%
	LEG	F	0.01%	0.02%	0.01%
	LFUS	F	0.02%	0.09%	0.02%
	LITE	B	0.02%	0.09%	0.02%
	LNC	B	0.02%	0.06%	0.02%
	LOPE	B	0.01%	0.07%	0.01%
	LPX	B	0.01%	0.11%	0.01%
	LSCC	D	0.0%	0.11%	0.0%
	LSTR	D	0.03%	0.1%	0.03%
	LYFT	C	0.01%	0.09%	0.01%
	M	D	0.02%	0.06%	0.02%
	MAN	D	0.01%	0.04%	0.01%
	MASI	A	0.01%	0.11%	0.01%
	MAT	D	0.03%	0.09%	0.03%
	MDU	D	0.02%	0.06%	0.02%
	MHK	D	0.03%	0.11%	0.03%
	MIDD	C	0.03%	0.11%	0.03%
	MKSI	C	0.03%	0.11%	0.03%
	MKTX	D	0.04%	0.15%	0.04%
	MOS	F	0.03%	0.13%	0.03%
	MP	B	0.01%	0.04%	0.01%
	MPW	F	0.01%	0.04%	0.01%
	MSA	D	0.02%	0.09%	0.02%
	MSGS	A	0.02%	0.06%	0.02%
	MSM	C	0.01%	0.06%	0.01%
	MTCH	D	0.04%	0.12%	0.04%
	MTDR	B	0.02%	0.11%	0.02%
	MTG	C	0.03%	0.1%	0.03%
	MTN	C	0.0%	0.1%	0.0%
	MTSI	B	0.03%	0.11%	0.03%
	MTZ	B	0.03%	0.13%	0.03%
	NCNO	B	0.0%	0.05%	0.0%
	NDSN	B	0.06%	0.22%	0.06%
	NEU	C	0.01%	0.06%	0.01%
	NFE	D	0.0%	0.01%	0.0%
	NFG	A	0.02%	0.09%	0.02%
	NI	A	0.06%	0.25%	0.06%
	NNN	D	0.03%	0.12%	0.03%
	NOV	C	0.02%	0.1%	0.02%
	NRG	B	0.04%	0.3%	0.04%
	NSA	D	0.01%	0.05%	0.01%
	NTNX	A	0.04%	0.26%	0.04%
	NVST	B	0.01%	0.06%	0.01%
	NVT	B	0.05%	0.19%	0.05%
	NWL	B	0.01%	0.06%	0.01%
	NWS	B	0.01%	0.06%	0.01%
	NWSA	B	0.04%	0.17%	0.04%
	NXST	C	0.01%	0.08%	0.01%
	NYT	C	0.04%	0.13%	0.04%
	OC	A	0.06%	0.25%	0.06%
	OGE	B	0.03%	0.13%	0.03%
	OGN	D	0.02%	0.06%	0.02%
	OHI	C	0.04%	0.15%	0.04%
	OLED	D	0.02%	0.12%	0.02%
	OLLI	D	0.02%	0.08%	0.02%
	OLN	D	0.02%	0.07%	0.02%
	OMF	A	0.02%	0.09%	0.02%
	ONTO	D	0.03%	0.12%	0.03%
	ORI	A	0.03%	0.14%	0.03%
	OSK	B	0.03%	0.11%	0.03%
	OVV	B	0.04%	0.18%	0.04%
	OZK	B	0.02%	0.08%	0.02%
	PAG	B	0.01%	0.04%	0.01%
	PARA	C	0.03%	0.1%	0.03%
	PATH	C	0.0%	0.09%	0.0%
	PB	A	0.03%	0.11%	0.03%
	PENN	C	0.01%	0.05%	0.01%
	PFGC	B	0.04%	0.2%	0.04%
	PII	D	0.01%	0.05%	0.01%
	PINC	B	0.01%	0.03%	0.01%
	PK	B	0.01%	0.05%	0.01%
	PKG	A	0.08%	0.32%	0.08%
	PLNT	A	0.01%	0.13%	0.01%
	PLTK	B	0.0%	0.01%	0.0%
	PNFP	B	0.03%	0.14%	0.03%
	PNR	A	0.07%	0.26%	0.07%
	PNW	B	0.04%	0.16%	0.04%
	POST	C	0.02%	0.08%	0.02%
	PPC	C	0.01%	0.03%	0.01%
	PR	B	0.03%	0.16%	0.03%
	PRGO	B	0.01%	0.05%	0.01%
	PRI	A	0.04%	0.16%	0.04%
	PSN	D	0.02%	0.07%	0.02%
	PSTG	D	0.01%	0.24%	0.01%
	PVH	C	0.02%	0.08%	0.02%
	PYCR	C	0.0%	0.02%	0.0%
	QRVO	F	0.03%	0.1%	0.03%
	QS	F	0.01%	0.03%	0.01%
	R	B	0.02%	0.1%	0.02%
	RBC	A	0.03%	0.14%	0.03%
	REG	B	0.05%	0.2%	0.05%
	REXR	F	0.04%	0.14%	0.04%
	REYN	D	0.01%	0.02%	0.01%
	RGA	A	0.06%	0.23%	0.06%
	RGEN	D	0.03%	0.12%	0.03%
	RGLD	C	0.04%	0.15%	0.04%
	RH	B	0.02%	0.08%	0.02%
	RHI	B	0.03%	0.11%	0.03%
	RIVN	F	0.03%	0.12%	0.03%
	RL	B	0.03%	0.12%	0.03%
	RLI	B	0.02%	0.11%	0.02%
	RNR	C	0.05%	0.2%	0.05%
	ROIV	C	0.02%	0.07%	0.02%
	ROKU	D	0.03%	0.13%	0.03%
	RPM	A	0.05%	0.26%	0.05%
	RRC	B	0.03%	0.13%	0.03%
	RRX	B	0.04%	0.17%	0.04%
	RS	B	0.07%	0.27%	0.07%
	RYN	D	0.02%	0.07%	0.02%
	S	B	0.02%	0.12%	0.02%
	SAIA	B	0.02%	0.22%	0.02%
	SAIC	F	0.03%	0.1%	0.03%
	SAM	C	0.01%	0.04%	0.01%
	SCI	B	0.05%	0.18%	0.05%
	SEB	F	0.0%	0.01%	0.0%
	SEE	C	0.02%	0.06%	0.02%
	SEG	B	0.0%	0.0%	0.0%
	SEIC	B	0.03%	0.12%	0.03%
	SF	B	0.04%	0.17%	0.04%
	SHC	F	0.01%	0.03%	0.01%
	SITE	D	0.02%	0.1%	0.02%
	SKX	D	0.03%	0.12%	0.03%
	SLGN	A	0.02%	0.07%	0.02%
	SLM	A	0.02%	0.08%	0.02%
	SMG	D	0.01%	0.05%	0.01%
	SN	D	0.02%	0.1%	0.02%
	SNA	A	0.07%	0.28%	0.07%
	SNDR	B	0.01%	0.02%	0.01%
	SNV	B	0.03%	0.12%	0.03%
	SNX	C	0.03%	0.13%	0.03%
	SOFI	A	0.04%	0.23%	0.04%
	SON	D	0.02%	0.07%	0.02%
	SPB	C	0.01%	0.04%	0.01%
	SPR	D	0.01%	0.05%	0.01%
	SSD	D	0.03%	0.11%	0.03%
	ST	F	0.02%	0.07%	0.02%
	STAG	F	0.03%	0.1%	0.03%
	STWD	C	0.02%	0.09%	0.02%
	SW	A	0.11%	0.43%	0.11%
	TECH	D	0.05%	0.16%	0.05%
	TFSL	A	0.0%	0.01%	0.0%
	TFX	F	0.04%	0.13%	0.04%
	THC	D	0.06%	0.21%	0.06%
	THG	A	0.02%	0.09%	0.02%
	THO	B	0.02%	0.08%	0.02%
	TKO	B	0.03%	0.16%	0.03%
	TKR	D	0.02%	0.07%	0.02%
	TNL	A	0.01%	0.05%	0.01%
	TOL	B	0.06%	0.23%	0.06%
	TPG	A	0.02%	0.09%	0.02%
	TPR	B	0.04%	0.19%	0.04%
	TRIP	F	0.01%	0.02%	0.01%
	TTC	D	0.03%	0.13%	0.03%
	TTEK	F	0.04%	0.16%	0.04%
	TXG	F	0.0%	0.02%	0.0%
	TXT	D	0.06%	0.23%	0.06%
	U	C	0.01%	0.1%	0.01%
	UA	C	0.01%	0.02%	0.01%
	UAA	C	0.01%	0.03%	0.01%
	UGI	A	0.02%	0.08%	0.02%
	UHAL	D	0.0%	0.01%	0.0%
	UHAL	D	0.0%	0.09%	0.0%
	UHAL	D	0.02%	0.09%	0.02%
	UHAL	D	0.02%	0.01%	0.01%
	UHS	D	0.05%	0.17%	0.05%
	UI	A	0.0%	0.02%	0.0%
	UNM	A	0.05%	0.18%	0.05%
	USFD	A	0.06%	0.23%	0.06%
	UTHR	C	0.07%	0.24%	0.07%
	UWMC	D	0.0%	0.01%	0.0%
	VAC	B	0.01%	0.05%	0.01%
	VFC	C	0.03%	0.1%	0.03%
	VIRT	B	0.01%	0.05%	0.01%
	VMI	B	0.02%	0.1%	0.02%
	VNO	B	0.03%	0.11%	0.03%
	VNT	B	0.02%	0.09%	0.02%
	VOYA	B	0.03%	0.12%	0.03%
	VSTS	C	0.01%	0.03%	0.01%
	W	F	0.02%	0.06%	0.02%
	WAL	B	0.04%	0.15%	0.04%
	WBS	A	0.04%	0.16%	0.04%
	WCC	B	0.03%	0.14%	0.03%
	WEN	D	0.01%	0.05%	0.01%
	WEX	D	0.03%	0.11%	0.03%
	WH	B	0.02%	0.11%	0.02%
	WHR	B	0.02%	0.09%	0.02%
	WMS	D	0.03%	0.13%	0.03%
	WOLF	F	0.01%	0.01%	0.01%
	WSC	D	0.02%	0.1%	0.02%
	WSO	A	0.07%	0.28%	0.07%
	WTFC	A	0.03%	0.13%	0.03%
	WTM	A	0.02%	0.07%	0.02%
	WTRG	B	0.04%	0.15%	0.04%
	WU	D	0.01%	0.04%	0.01%
	WWD	B	0.04%	0.16%	0.04%
	WYNN	D	0.04%	0.14%	0.04%
	X	C	0.03%	0.14%	0.03%
	XRAY	F	0.02%	0.06%	0.02%
	YETI	C	0.01%	0.05%	0.01%
	Z	A	0.03%	0.2%	0.03%
	ZG	A	0.02%	0.06%	0.02%
	ZI	D	0.01%	0.05%	0.01%
	ZION	B	0.03%	0.13%	0.03%

VONV Overweight 419 Positions Relative to SMMD

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

VONV Underweight 72 Positions Relative to SMMD

	Symbol	Grade	Weight
	IWM	B	-41.9%
	TPL	A	-0.42%
	EXE	B	-0.34%
	LII	A	-0.31%
	NTRA	B	-0.29%
	TOST	B	-0.28%
	XPO	B	-0.26%
	FIX	A	-0.26%
	MANH	D	-0.25%
	DT	C	-0.23%
	POOL	C	-0.2%
	NBIX	C	-0.19%
	DUOL	A	-0.19%
	TXRH	C	-0.19%
	EQH	B	-0.18%
	NCLH	B	-0.17%
	KNSL	B	-0.16%
	CAVA	B	-0.16%
	MUSA	A	-0.15%
	CHDN	B	-0.15%
	WING	D	-0.15%
	SRPT	D	-0.15%
	NLY	C	-0.15%
	TPX	B	-0.14%
	MORN	B	-0.14%
	AAON	B	-0.14%
	LNW	D	-0.13%
	MEDP	D	-0.13%
	ITCI	C	-0.13%
	PEN	B	-0.13%
	PCTY	B	-0.13%
	ESTC	C	-0.12%
	GTLB	B	-0.12%
	PCOR	B	-0.12%
	DVA	B	-0.12%
	RYAN	B	-0.11%
	CART	C	-0.11%
	SMAR	A	-0.11%
	CFLT	B	-0.11%
	TREX	C	-0.11%
	ELF	C	-0.1%
	AZPN	A	-0.1%
	FOUR	B	-0.1%
	BSY	D	-0.1%
	HR	C	-0.1%
	WFRD	D	-0.09%
	LAZ	B	-0.09%
	CELH	F	-0.08%
	APPF	B	-0.08%
	VKTX	F	-0.08%
	INSP	D	-0.08%
	VNOM	A	-0.08%
	CCCS	B	-0.08%
	RITM	C	-0.08%
	VVV	F	-0.07%
	PEGA	A	-0.06%
	RARE	D	-0.06%
	ECG	C	-0.05%
	LLYVK	A	-0.05%
	FIVN	C	-0.04%
	RNG	B	-0.04%
	APLS	D	-0.04%
	TDC	D	-0.04%
	QDEL	F	-0.03%
	LBTYK	A	-0.03%
	ADT	C	-0.03%
	LBTYA	B	-0.03%
	ALAB	B	-0.03%
	AS	B	-0.02%
	LLYVA	A	-0.02%
	LOAR	A	-0.01%
	PARAA	B	-0.0%

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

SMMD: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Biotechnology Software - Infrastructure Oil & Gas E&P Packaging & Containers Specialty Retail Apparel Manufacturing Asset Management Building Materials Diagnostics & Research Engineering & Construction Information Technology Services Leisure Semiconductors Aerospace & Defense Business Services Capital Markets Medical Care

Keywords: S&P 500 Real Estate Investment Trust Insurance Banking Computing Bank Chemical Electronics Natural Gas Aerospace Mining Telecommunications Biotechnology Medicine Beverage Insurance Products Semiconductor Construction Plastic Supply Chain Management