VONV vs. SPXT ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to ProShares S&P 500 Ex-Technology ETF (SPXT)

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

$85.62

Average Daily Volume

368,652

Number of Holdings ^*

844

* may have additional holdings in another (foreign) market

SPXT

ProShares S&P 500 Ex-Technology ETF

SPXT Description

The investment seeks investment results, before fees and expenses that track the performance of the S&P 500® Ex-Information Technology & Telecommunication Services Index (the "index"). Under normal circumstances, the fund will invest at least 80% of its total assets in component securities. The index seeks to provide exposure to the companies of the S&P 500® Index (the "S&P 500®") with the exception of those companies included in the Information Technology and the Telecommunication Services Sectors (collectively, the "Technology Sector").

Grade (RS Rating)

Last Trade

$94.19

Average Daily Volume

3,835

Number of Holdings ^*

430

* may have additional holdings in another (foreign) market

Performance

Period	VONV	SPXT
30 Days	1.23%	2.74%
60 Days	5.38%	6.24%
90 Days	7.88%	9.02%
12 Months	29.73%	31.66%

390 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in SPXT	Overlap
	A	F	0.17%	0.12%	0.12%
	ABBV	D	0.79%	1.03%	0.79%
	ABT	C	0.78%	0.59%	0.59%
	ACGL	D	0.16%	0.11%	0.11%
	ADM	F	0.11%	0.07%	0.07%
	ADP	A	0.03%	0.36%	0.03%
	AEE	A	0.09%	0.07%	0.07%
	AEP	D	0.21%	0.15%	0.15%
	AES	F	0.06%	0.03%	0.03%
	AFL	C	0.25%	0.16%	0.16%
	AIG	B	0.19%	0.14%	0.14%
	AIZ	A	0.04%	0.03%	0.03%
	AJG	A	0.22%	0.19%	0.19%
	ALB	B	0.04%	0.03%	0.03%
	ALGN	F	0.03%	0.04%	0.03%
	ALL	A	0.17%	0.15%	0.15%
	ALLE	D	0.05%	0.04%	0.04%
	AMCR	D	0.06%	0.04%	0.04%
	AME	A	0.16%	0.13%	0.13%
	AMGN	F	0.15%	0.51%	0.15%
	AMP	A	0.02%	0.16%	0.02%
	AON	A	0.27%	0.24%	0.24%
	AOS	F	0.04%	0.03%	0.03%
	APA	F	0.04%	0.02%	0.02%
	APD	B	0.26%	0.2%	0.2%
	APTV	D	0.08%	0.04%	0.04%
	ARE	F	0.08%	0.05%	0.05%
	ATO	A	0.08%	0.06%	0.06%
	AVB	A	0.13%	0.09%	0.09%
	AVY	F	0.04%	0.05%	0.04%
	AWK	D	0.11%	0.08%	0.08%
	AXP	B	0.38%	0.47%	0.38%
	AZO	C	0.02%	0.15%	0.02%
	BA	F	0.29%	0.32%	0.29%
	BAC	A	1.07%	0.88%	0.88%
	BALL	D	0.08%	0.05%	0.05%
	BAX	F	0.08%	0.05%	0.05%
	BBY	D	0.09%	0.05%	0.05%
	BDX	D	0.28%	0.19%	0.19%
	BEN	C	0.02%	0.02%	0.02%
	BG	D	0.05%	0.04%	0.04%
	BIIB	F	0.11%	0.07%	0.07%
	BK	B	0.21%	0.17%	0.17%
	BKNG	A	0.03%	0.47%	0.03%
	BKR	B	0.14%	0.13%	0.13%
	BLDR	D	0.08%	0.06%	0.06%
	BMY	B	0.42%	0.32%	0.32%
	BR	A	0.01%	0.07%	0.01%
	BRK.A	B	3.33%	2.46%	2.46%
	BRO	A	0.05%	0.08%	0.05%
	BSX	A	0.49%	0.37%	0.37%
	BWA	B	0.03%	0.02%	0.02%
	BXP	D	0.05%	0.04%	0.04%
	C	A	0.47%	0.38%	0.38%
	CAG	F	0.06%	0.04%	0.04%
	CAH	A	0.04%	0.08%	0.04%
	CARR	C	0.22%	0.18%	0.18%
	CAT	C	0.65%	0.58%	0.58%
	CB	C	0.46%	0.3%	0.3%
	CBOE	D	0.09%	0.06%	0.06%
	CBRE	A	0.15%	0.12%	0.12%
	CCI	F	0.2%	0.13%	0.13%
	CCL	A	0.07%	0.07%	0.07%
	CE	F	0.04%	0.03%	0.03%
	CEG	D	0.27%	0.22%	0.22%
	CF	B	0.06%	0.04%	0.04%
	CFG	B	0.07%	0.06%	0.06%
	CHD	B	0.1%	0.07%	0.07%
	CHRW	A	0.05%	0.04%	0.04%
	CHTR	B	0.12%	0.11%	0.11%
	CI	D	0.35%	0.26%	0.26%
	CINF	A	0.08%	0.07%	0.07%
	CL	F	0.15%	0.22%	0.15%
	CMCSA	B	0.63%	0.5%	0.5%
	CME	A	0.31%	0.23%	0.23%
	CMI	A	0.17%	0.14%	0.14%
	CMS	C	0.08%	0.06%	0.06%
	CNC	F	0.16%	0.1%	0.1%
	CNP	B	0.07%	0.06%	0.06%
	COF	B	0.22%	0.21%	0.21%
	COP	C	0.49%	0.38%	0.38%
	CPB	F	0.04%	0.03%	0.03%
	CPRT	A	0.01%	0.14%	0.01%
	CPT	C	0.05%	0.04%	0.04%
	CRL	C	0.04%	0.03%	0.03%
	CSGP	D	0.12%	0.09%	0.09%
	CSX	B	0.27%	0.2%	0.2%
	CTAS	A	0.01%	0.22%	0.01%
	CTLT	D	0.04%	0.03%	0.03%
	CTRA	B	0.07%	0.05%	0.05%
	CTVA	C	0.16%	0.12%	0.12%
	CVS	F	0.31%	0.21%	0.21%
	CVX	B	1.0%	0.78%	0.78%
	CZR	F	0.04%	0.03%	0.03%
	D	D	0.19%	0.14%	0.14%
	DAL	A	0.13%	0.11%	0.11%
	DAY	C	0.03%	0.04%	0.03%
	DD	D	0.15%	0.11%	0.11%
	DE	D	0.42%	0.31%	0.31%
	DFS	B	0.14%	0.13%	0.13%
	DG	F	0.07%	0.05%	0.05%
	DGX	A	0.07%	0.05%	0.05%
	DHI	F	0.22%	0.14%	0.14%
	DHR	F	0.71%	0.46%	0.46%
	DIS	B	0.7%	0.52%	0.52%
	DLR	C	0.21%	0.16%	0.16%
	DLTR	F	0.06%	0.04%	0.04%
	DOC	C	0.06%	0.05%	0.05%
	DOV	A	0.1%	0.08%	0.08%
	DOW	F	0.15%	0.1%	0.1%
	DPZ	C	0.04%	0.04%	0.04%
	DRI	B	0.04%	0.06%	0.04%
	DTE	D	0.11%	0.07%	0.07%
	DUK	D	0.35%	0.25%	0.25%
	DVN	F	0.1%	0.07%	0.07%
	EA	A	0.15%	0.11%	0.11%
	EBAY	C	0.13%	0.09%	0.09%
	ECL	C	0.03%	0.18%	0.03%
	ED	D	0.14%	0.1%	0.1%
	EFX	D	0.11%	0.1%	0.1%
	EG	D	0.06%	0.05%	0.05%
	EIX	C	0.13%	0.09%	0.09%
	EL	F	0.06%	0.05%	0.05%
	ELV	F	0.4%	0.29%	0.29%
	EMN	D	0.05%	0.04%	0.04%
	EMR	A	0.25%	0.21%	0.21%
	EOG	A	0.28%	0.21%	0.21%
	EQIX	B	0.31%	0.25%	0.25%
	EQR	C	0.11%	0.07%	0.07%
	EQT	B	0.08%	0.07%	0.07%
	ES	D	0.09%	0.06%	0.06%
	ESS	C	0.07%	0.06%	0.06%
	ETN	A	0.52%	0.42%	0.42%
	ETR	B	0.11%	0.09%	0.09%
	EVRG	A	0.05%	0.04%	0.04%
	EW	D	0.13%	0.12%	0.12%
	EXC	C	0.16%	0.11%	0.11%
	EXPD	D	0.06%	0.05%	0.05%
	EXR	D	0.15%	0.1%	0.1%
	F	C	0.16%	0.12%	0.12%
	FANG	D	0.13%	0.1%	0.1%
	FAST	A	0.03%	0.14%	0.03%
	FCX	F	0.28%	0.2%	0.2%
	FDS	A	0.04%	0.05%	0.04%
	FDX	B	0.25%	0.19%	0.19%
	FE	D	0.1%	0.06%	0.06%
	FI	A	0.28%	0.35%	0.28%
	FIS	B	0.19%	0.14%	0.14%
	FITB	A	0.12%	0.09%	0.09%
	FMC	F	0.03%	0.02%	0.02%
	FOX	A	0.02%	0.02%	0.02%
	FOXA	A	0.04%	0.03%	0.03%
	FRT	C	0.04%	0.02%	0.02%
	FTV	D	0.11%	0.08%	0.08%
	GD	A	0.33%	0.23%	0.23%
	GE	C	0.64%	0.57%	0.57%
	GEHC	F	0.15%	0.12%	0.12%
	GEV	B	0.27%	0.27%	0.27%
	GILD	C	0.41%	0.36%	0.36%
	GIS	F	0.16%	0.11%	0.11%
	GL	B	0.04%	0.03%	0.03%
	GM	A	0.2%	0.18%	0.18%
	GNRC	B	0.02%	0.03%	0.02%
	GPC	D	0.08%	0.05%	0.05%
	GPN	B	0.1%	0.08%	0.08%
	GRMN	A	0.11%	0.09%	0.09%
	GS	B	0.45%	0.54%	0.45%
	GWW	B	0.02%	0.15%	0.02%
	HAL	C	0.1%	0.08%	0.08%
	HAS	D	0.0%	0.02%	0.0%
	HBAN	B	0.08%	0.07%	0.07%
	HCA	D	0.23%	0.19%	0.19%
	HD	B	0.32%	1.16%	0.32%
	HES	C	0.05%	0.12%	0.05%
	HIG	C	0.14%	0.1%	0.1%
	HII	D	0.04%	0.02%	0.02%
	HLT	A	0.11%	0.18%	0.11%
	HOLX	D	0.07%	0.05%	0.05%
	HON	B	0.45%	0.41%	0.41%
	HRL	F	0.04%	0.03%	0.03%
	HSIC	F	0.04%	0.03%	0.03%
	HST	C	0.05%	0.04%	0.04%
	HSY	D	0.1%	0.07%	0.07%
	HUBB	B	0.09%	0.07%	0.07%
	HUM	D	0.15%	0.1%	0.1%
	HWM	A	0.15%	0.13%	0.13%
	ICE	D	0.36%	0.26%	0.26%
	IEX	B	0.06%	0.05%	0.05%
	IFF	F	0.11%	0.07%	0.07%
	INCY	B	0.04%	0.04%	0.04%
	INVH	D	0.09%	0.06%	0.06%
	IP	C	0.07%	0.06%	0.06%
	IPG	F	0.05%	0.03%	0.03%
	IQV	F	0.15%	0.11%	0.11%
	IR	A	0.16%	0.12%	0.12%
	IRM	D	0.06%	0.1%	0.06%
	ITW	A	0.19%	0.21%	0.19%
	IVZ	C	0.03%	0.02%	0.02%
	J	B	0.06%	0.05%	0.05%
	JBHT	B	0.06%	0.04%	0.04%
	JCI	A	0.17%	0.16%	0.16%
	JKHY	C	0.05%	0.04%	0.04%
	JNJ	D	1.55%	1.1%	1.1%
	JPM	B	2.39%	1.96%	1.96%
	K	A	0.08%	0.06%	0.06%
	KDP	D	0.16%	0.1%	0.1%
	KEY	B	0.06%	0.05%	0.05%
	KHC	F	0.12%	0.08%	0.08%
	KIM	A	0.06%	0.05%	0.05%
	KKR	B	0.25%	0.3%	0.25%
	KMB	F	0.11%	0.13%	0.11%
	KMI	B	0.17%	0.15%	0.15%
	KMX	C	0.04%	0.04%	0.04%
	KO	F	0.47%	0.72%	0.47%
	KR	A	0.15%	0.12%	0.12%
	KVUE	B	0.18%	0.13%	0.13%
	L	A	0.06%	0.04%	0.04%
	LDOS	B	0.09%	0.08%	0.08%
	LEN	D	0.18%	0.12%	0.12%
	LEN	D	0.01%	0.12%	0.01%
	LH	A	0.07%	0.06%	0.06%
	LHX	A	0.18%	0.14%	0.14%
	LIN	D	0.91%	0.65%	0.65%
	LKQ	D	0.04%	0.03%	0.03%
	LMT	C	0.34%	0.34%	0.34%
	LNT	C	0.06%	0.04%	0.04%
	LOW	B	0.61%	0.44%	0.44%
	LUV	B	0.07%	0.05%	0.05%
	LW	C	0.03%	0.03%	0.03%
	LYB	F	0.1%	0.07%	0.07%
	MAA	C	0.07%	0.05%	0.05%
	MAR	A	0.23%	0.19%	0.19%
	MAS	D	0.07%	0.05%	0.05%
	MCD	C	0.81%	0.62%	0.62%
	MCK	A	0.14%	0.23%	0.14%
	MDLZ	F	0.39%	0.26%	0.26%
	MDT	D	0.46%	0.33%	0.33%
	MET	C	0.19%	0.14%	0.14%
	MGM	D	0.04%	0.03%	0.03%
	MHK	D	0.03%	0.02%	0.02%
	MKC	D	0.08%	0.06%	0.06%
	MKTX	C	0.04%	0.03%	0.03%
	MLM	B	0.12%	0.11%	0.11%
	MMC	C	0.38%	0.32%	0.32%
	MMM	C	0.24%	0.21%	0.21%
	MNST	B	0.03%	0.11%	0.03%
	MO	A	0.35%	0.27%	0.27%
	MOH	F	0.03%	0.06%	0.03%
	MOS	D	0.03%	0.03%	0.03%
	MPC	D	0.23%	0.15%	0.15%
	MRNA	F	0.09%	0.05%	0.05%
	MRO	B	0.06%	0.05%	0.05%
	MS	A	0.45%	0.47%	0.45%
	MSCI	B	0.07%	0.13%	0.07%
	MTB	B	0.12%	0.1%	0.1%
	MTCH	F	0.04%	0.02%	0.02%
	MTD	F	0.13%	0.09%	0.09%
	NDAQ	A	0.12%	0.09%	0.09%
	NDSN	B	0.06%	0.04%	0.04%
	NEE	D	0.69%	0.45%	0.45%
	NEM	F	0.24%	0.15%	0.15%
	NI	A	0.06%	0.05%	0.05%
	NKE	F	0.16%	0.27%	0.16%
	NOC	C	0.29%	0.21%	0.21%
	NRG	B	0.04%	0.06%	0.04%
	NSC	B	0.22%	0.18%	0.18%
	NTRS	A	0.07%	0.06%	0.06%
	NUE	C	0.14%	0.11%	0.11%
	NVR	D	0.11%	0.08%	0.08%
	NWS	B	0.01%	0.01%	0.01%
	NWSA	B	0.04%	0.03%	0.03%
	O	D	0.22%	0.14%	0.14%
	OKE	A	0.21%	0.18%	0.18%
	OMC	B	0.08%	0.06%	0.06%
	ORLY	A	0.02%	0.2%	0.02%
	OTIS	C	0.17%	0.12%	0.12%
	OXY	D	0.14%	0.1%	0.1%
	PARA	C	0.03%	0.02%	0.02%
	PAYC	B	0.01%	0.03%	0.01%
	PAYX	B	0.11%	0.14%	0.11%
	PCAR	B	0.2%	0.17%	0.17%
	PCG	A	0.17%	0.13%	0.13%
	PEG	C	0.18%	0.12%	0.12%
	PEP	D	0.19%	0.66%	0.19%
	PFE	F	0.65%	0.45%	0.45%
	PFG	C	0.08%	0.05%	0.05%
	PG	C	1.26%	1.12%	1.12%
	PGR	A	0.09%	0.44%	0.09%
	PH	A	0.32%	0.26%	0.26%
	PHM	D	0.12%	0.08%	0.08%
	PKG	B	0.08%	0.06%	0.06%
	PLD	D	0.46%	0.31%	0.31%
	PM	C	0.75%	0.56%	0.56%
	PNC	B	0.29%	0.24%	0.24%
	PNR	A	0.06%	0.05%	0.05%
	PNW	B	0.04%	0.03%	0.03%
	PPG	F	0.12%	0.09%	0.09%
	PPL	A	0.1%	0.07%	0.07%
	PRU	B	0.17%	0.13%	0.13%
	PSA	C	0.19%	0.15%	0.15%
	PSX	D	0.22%	0.15%	0.15%
	PWR	B	0.12%	0.14%	0.12%
	PYPL	A	0.32%	0.24%	0.24%
	RCL	A	0.11%	0.15%	0.11%
	REG	A	0.05%	0.04%	0.04%
	REGN	F	0.4%	0.25%	0.25%
	RF	B	0.08%	0.07%	0.07%
	RJF	A	0.09%	0.08%	0.08%
	RL	B	0.03%	0.03%	0.03%
	RMD	C	0.1%	0.11%	0.1%
	ROK	B	0.11%	0.09%	0.09%
	ROST	F	0.15%	0.14%	0.14%
	RSG	A	0.16%	0.12%	0.12%
	RTX	C	0.64%	0.47%	0.47%
	RVTY	C	0.06%	0.04%	0.04%
	SBAC	D	0.1%	0.07%	0.07%
	SBUX	B	0.1%	0.32%	0.1%
	SCHW	A	0.34%	0.32%	0.32%
	SHW	A	0.03%	0.26%	0.03%
	SJM	F	0.05%	0.04%	0.04%
	SLB	C	0.24%	0.18%	0.18%
	SNA	A	0.06%	0.05%	0.05%
	SO	D	0.39%	0.28%	0.28%
	SOLV	D	0.04%	0.03%	0.03%
	SPG	B	0.16%	0.16%	0.16%
	SPGI	C	0.64%	0.46%	0.46%
	SRE	A	0.21%	0.17%	0.17%
	STE	F	0.09%	0.06%	0.06%
	STLD	B	0.07%	0.06%	0.06%
	STT	B	0.11%	0.08%	0.08%
	STZ	D	0.16%	0.11%	0.11%
	SW	C	0.1%	0.08%	0.08%
	SWK	F	0.07%	0.04%	0.04%
	SYF	B	0.08%	0.07%	0.07%
	SYK	A	0.36%	0.37%	0.36%
	SYY	B	0.06%	0.11%	0.06%
	T	A	0.62%	0.46%	0.46%
	TAP	B	0.04%	0.03%	0.03%
	TDG	B	0.25%	0.22%	0.22%
	TECH	B	0.05%	0.04%	0.04%
	TFC	B	0.23%	0.18%	0.18%
	TFX	F	0.05%	0.03%	0.03%
	TGT	C	0.29%	0.2%	0.2%
	TJX	B	0.22%	0.39%	0.22%
	TMO	F	0.93%	0.62%	0.62%
	TMUS	A	0.4%	0.33%	0.33%
	TPR	B	0.04%	0.03%	0.03%
	TROW	B	0.09%	0.08%	0.08%
	TRV	B	0.21%	0.17%	0.17%
	TSN	C	0.07%	0.05%	0.05%
	TT	A	0.23%	0.26%	0.23%
	TTWO	A	0.1%	0.09%	0.09%
	TXT	C	0.07%	0.05%	0.05%
	UAL	B	0.07%	0.08%	0.07%
	UDR	C	0.06%	0.04%	0.04%
	UHS	D	0.05%	0.04%	0.04%
	ULTA	C	0.01%	0.05%	0.01%
	UNH	B	1.98%	1.63%	1.63%
	UNP	C	0.31%	0.43%	0.31%
	UPS	C	0.39%	0.29%	0.29%
	URI	B	0.16%	0.16%	0.16%
	USB	A	0.28%	0.23%	0.23%
	VICI	D	0.14%	0.09%	0.09%
	VLO	D	0.17%	0.13%	0.13%
	VLTO	C	0.06%	0.08%	0.06%
	VMC	B	0.1%	0.11%	0.1%
	VRTX	B	0.24%	0.38%	0.24%
	VTR	C	0.1%	0.08%	0.08%
	VTRS	B	0.05%	0.05%	0.05%
	VZ	C	0.75%	0.5%	0.5%
	WAB	A	0.13%	0.1%	0.1%
	WAT	A	0.03%	0.07%	0.03%
	WBA	D	0.03%	0.02%	0.02%
	WBD	B	0.08%	0.06%	0.06%
	WEC	B	0.12%	0.09%	0.09%
	WELL	B	0.31%	0.23%	0.23%
	WFC	A	0.78%	0.69%	0.69%
	WMB	B	0.22%	0.2%	0.2%
	WMT	A	1.39%	1.06%	1.06%
	WRB	B	0.07%	0.05%	0.05%
	WST	B	0.03%	0.07%	0.03%
	WTW	A	0.12%	0.09%	0.09%
	WY	F	0.1%	0.07%	0.07%
	WYNN	F	0.04%	0.02%	0.02%
	XEL	A	0.14%	0.11%	0.11%
	XOM	B	2.08%	1.57%	1.57%
	XYL	D	0.13%	0.09%	0.09%
	YUM	B	0.1%	0.11%	0.1%
	ZBH	C	0.09%	0.06%	0.06%
	ZTS	D	0.06%	0.23%	0.06%

VONV Overweight 454 Positions Relative to SPXT

	Symbol	Grade	Weight
	ACN	C	0.88%
	CSCO	A	0.85%
	IBM	C	0.8%
	TXN	C	0.65%
	BLK	B	0.55%
	ADI	F	0.45%
	MU	D	0.45%
	INTC	C	0.4%
	AMD	F	0.36%
	ROP	A	0.24%
	MRVL	B	0.22%
	MCHP	F	0.17%
	CTSH	A	0.15%
	MSI	B	0.15%
	CRM	B	0.15%
	GLW	C	0.14%
	APH	B	0.13%
	ON	F	0.12%
	HPE	B	0.11%
	FSLR	F	0.11%
	HPQ	B	0.11%
	DELL	B	0.11%
	KEYS	C	0.11%
	ANSS	B	0.11%
	MSTR	B	0.1%
	SQ	B	0.09%
	FCNCA	B	0.09%
	WDC	D	0.09%
	TRU	D	0.08%
	LNG	B	0.08%
	TDY	A	0.08%
	ILMN	C	0.08%
	APO	B	0.07%
	RS	B	0.07%
	SUI	D	0.07%
	WSO	A	0.07%
	AVTR	F	0.07%
	CSL	B	0.07%
	ZM	B	0.07%
	RNR	D	0.06%
	ACM	B	0.06%
	NTAP	D	0.06%
	USFD	A	0.06%
	RGA	A	0.06%
	GGG	B	0.06%
	IBKR	A	0.06%
	RBA	B	0.06%
	ZBRA	A	0.06%
	GEN	A	0.06%
	VRSN	C	0.06%
	CDW	F	0.06%
	TRMB	B	0.06%
	AKAM	F	0.06%
	OC	A	0.06%
	MKL	A	0.06%
	HOOD	B	0.06%
	UTHR	B	0.06%
	TOL	C	0.06%
	THC	B	0.06%
	SWKS	F	0.06%
	SSNC	C	0.06%
	FNF	C	0.06%
	EWBC	B	0.05%
	CASY	B	0.05%
	NVT	B	0.05%
	COHR	B	0.05%
	QCOM	F	0.05%
	BLD	F	0.05%
	RPM	A	0.05%
	CUBE	D	0.05%
	EME	B	0.05%
	JBL	C	0.05%
	CLH	B	0.05%
	CVNA	B	0.05%
	ITT	A	0.05%
	CW	B	0.05%
	JNPR	D	0.05%
	FFIV	A	0.05%
	AMH	C	0.05%
	ELS	C	0.05%
	BMRN	F	0.05%
	GLPI	D	0.05%
	WPC	F	0.05%
	AMAT	F	0.05%
	DCI	A	0.04%
	CIEN	B	0.04%
	NYT	C	0.04%
	EGP	C	0.04%
	FTNT	B	0.04%
	INGR	B	0.04%
	TTC	F	0.04%
	SNX	C	0.04%
	EVR	B	0.04%
	PRI	A	0.04%
	RGLD	C	0.04%
	RIVN	D	0.04%
	WAL	B	0.04%
	SF	B	0.04%
	AFRM	B	0.04%
	CG	C	0.04%
	EHC	A	0.04%
	AA	C	0.04%
	AFG	A	0.04%
	CNH	D	0.04%
	WTRG	C	0.04%
	QRVO	F	0.04%
	TTEK	C	0.04%
	DOX	C	0.04%
	OHI	C	0.04%
	OVV	C	0.04%
	QGEN	D	0.04%
	ARMK	B	0.04%
	WWD	B	0.04%
	PFGC	B	0.04%
	NTNX	B	0.04%
	EPAM	B	0.04%
	ATR	A	0.04%
	DKS	F	0.04%
	REXR	F	0.04%
	BJ	B	0.04%
	FBIN	F	0.04%
	UNM	A	0.04%
	RRX	C	0.04%
	RPRX	F	0.04%
	CACI	C	0.04%
	CCK	D	0.04%
	FTI	B	0.04%
	SCI	B	0.04%
	BPOP	C	0.03%
	MAT	C	0.03%
	OSK	B	0.03%
	BIO	C	0.03%
	PB	B	0.03%
	OKTA	C	0.03%
	MTG	C	0.03%
	LFUS	D	0.03%
	MSA	D	0.03%
	XP	F	0.03%
	CGNX	C	0.03%
	FAF	C	0.03%
	CFR	B	0.03%
	CRUS	F	0.03%
	RHI	B	0.03%
	ZION	B	0.03%
	LSTR	B	0.03%
	WMS	F	0.03%
	LBRDK	C	0.03%
	FLS	B	0.03%
	SOFI	B	0.03%
	JAZZ	B	0.03%
	AAL	B	0.03%
	SEIC	A	0.03%
	MKSI	C	0.03%
	BFAM	F	0.03%
	GNTX	C	0.03%
	PR	C	0.03%
	VNO	C	0.03%
	G	B	0.03%
	ARW	F	0.03%
	VFC	C	0.03%
	DINO	D	0.03%
	FICO	B	0.03%
	CROX	F	0.03%
	WTFC	B	0.03%
	STAG	D	0.03%
	KEX	B	0.03%
	HRB	D	0.03%
	CBSH	A	0.03%
	RGEN	C	0.03%
	SAIC	C	0.03%
	BBWI	C	0.03%
	ELAN	D	0.03%
	RRC	B	0.03%
	FR	C	0.03%
	SSD	D	0.03%
	WCC	B	0.03%
	MIDD	C	0.03%
	HLI	B	0.03%
	CRBG	C	0.03%
	PNFP	B	0.03%
	ADC	A	0.03%
	EXAS	F	0.03%
	APG	B	0.03%
	ONTO	F	0.03%
	JEF	A	0.03%
	DTM	B	0.03%
	Z	B	0.03%
	LECO	C	0.03%
	WEX	D	0.03%
	AGNC	C	0.03%
	MTZ	B	0.03%
	ACI	C	0.03%
	BERY	C	0.03%
	CR	B	0.03%
	SWN	C	0.03%
	X	C	0.03%
	BWXT	A	0.03%
	BRBR	A	0.03%
	KBR	B	0.03%
	COKE	C	0.03%
	CMA	A	0.03%
	WBS	A	0.03%
	AXTA	A	0.03%
	FCN	F	0.03%
	GMED	B	0.03%
	SKX	F	0.03%
	CHE	D	0.03%
	ROKU	C	0.03%
	COLD	F	0.03%
	VOYA	B	0.03%
	WSM	F	0.03%
	CHRD	F	0.03%
	GWRE	A	0.03%
	OGE	B	0.03%
	ATI	D	0.03%
	FND	F	0.03%
	AR	B	0.03%
	BRX	A	0.03%
	ALSN	A	0.03%
	TKO	D	0.03%
	PTC	B	0.03%
	ALLY	C	0.03%
	KNX	B	0.03%
	AYI	B	0.03%
	FHN	A	0.03%
	RBC	B	0.03%
	GME	C	0.03%
	LAD	B	0.03%
	TW	C	0.03%
	LAMR	D	0.03%
	FYBR	D	0.03%
	ORI	A	0.03%
	GPK	D	0.03%
	NNN	F	0.03%
	JLL	C	0.03%
	TWLO	A	0.03%
	AWI	B	0.02%
	MSM	B	0.02%
	CLF	D	0.02%
	ALNY	D	0.02%
	GFS	C	0.02%
	HUN	F	0.02%
	RH	C	0.02%
	IAC	F	0.02%
	BILL	A	0.02%
	AGO	B	0.02%
	PII	F	0.02%
	DBX	B	0.02%
	WTM	A	0.02%
	LITE	A	0.02%
	SITE	D	0.02%
	SLGN	A	0.02%
	M	D	0.02%
	EEFT	C	0.02%
	FLO	F	0.02%
	FRPT	B	0.02%
	ASH	F	0.02%
	UHAL	C	0.02%
	GAP	B	0.02%
	OZK	B	0.02%
	BYD	A	0.02%
	AN	C	0.02%
	CUZ	C	0.02%
	DLB	C	0.02%
	KRC	C	0.02%
	HOG	F	0.02%
	AL	B	0.02%
	RYN	F	0.02%
	PSN	B	0.02%
	AVT	C	0.02%
	SAIA	B	0.02%
	CPRI	F	0.02%
	OLED	F	0.02%
	DOCS	B	0.02%
	SLM	B	0.02%
	ROIV	C	0.02%
	WSC	F	0.02%
	HXL	D	0.02%
	OGN	F	0.02%
	JHG	B	0.02%
	SEE	C	0.02%
	FNB	A	0.02%
	WLK	F	0.02%
	W	F	0.02%
	KD	A	0.02%
	IDA	A	0.02%
	VNT	B	0.02%
	OMF	A	0.02%
	UGI	D	0.02%
	THG	A	0.02%
	ST	F	0.02%
	XRAY	F	0.02%
	LNC	B	0.02%
	SON	D	0.02%
	WH	A	0.02%
	MTDR	C	0.02%
	ZG	B	0.02%
	COLB	B	0.02%
	S	B	0.02%
	TKR	F	0.02%
	AMG	B	0.02%
	PVH	C	0.02%
	OLN	D	0.02%
	NFG	C	0.02%
	MDU	F	0.02%
	THO	B	0.02%
	SRCL	B	0.02%
	COIN	B	0.02%
	POST	D	0.02%
	ALK	A	0.02%
	WHR	B	0.02%
	BC	C	0.02%
	H	B	0.02%
	SIRI	D	0.02%
	ACHC	F	0.02%
	VMI	B	0.02%
	SN	C	0.02%
	DAR	B	0.02%
	OLLI	C	0.02%
	ESAB	B	0.02%
	RLI	A	0.02%
	AGCO	F	0.02%
	R	A	0.02%
	ESI	B	0.02%
	GXO	B	0.02%
	LEA	F	0.02%
	AXS	A	0.02%
	MTSI	B	0.02%
	SNV	B	0.02%
	STWD	D	0.02%
	DASH	A	0.02%
	NOV	C	0.02%
	UA	B	0.01%
	SNDR	B	0.01%
	CERT	F	0.01%
	LYFT	B	0.01%
	TRIP	D	0.01%
	WEN	C	0.01%
	FTRE	D	0.01%
	INFA	D	0.01%
	REYN	D	0.01%
	GO	C	0.01%
	PPC	B	0.01%
	LEG	F	0.01%
	TER	F	0.01%
	PSTG	D	0.01%
	IPGP	C	0.01%
	BIRK	F	0.01%
	SAM	B	0.01%
	UAA	B	0.01%
	VSTS	D	0.01%
	PINC	A	0.01%
	AZEK	B	0.01%
	QS	F	0.01%
	BROS	B	0.01%
	GLOB	B	0.01%
	ADTN	B	0.01%
	LPX	B	0.01%
	HAYW	C	0.01%
	EXP	B	0.01%
	RCM	B	0.01%
	ETSY	C	0.01%
	JWN	B	0.01%
	BOKF	B	0.01%
	MP	C	0.01%
	AAP	D	0.01%
	CRI	D	0.01%
	KSS	F	0.01%
	ENOV	C	0.01%
	YETI	C	0.01%
	HHH	B	0.01%
	CNXC	F	0.01%
	VIRT	B	0.01%
	AZTA	F	0.01%
	SPB	B	0.01%
	SHC	D	0.01%
	AGR	C	0.01%
	VAC	B	0.01%
	RKT	F	0.01%
	CWEN	D	0.01%
	BRKR	F	0.01%
	MASI	B	0.01%
	CXT	D	0.01%
	BHF	B	0.01%
	ALGM	F	0.01%
	COLM	B	0.01%
	LOPE	B	0.01%
	CC	C	0.01%
	CNM	D	0.01%
	PENN	B	0.01%
	CLVT	F	0.01%
	PK	B	0.01%
	FHB	B	0.01%
	TNL	A	0.01%
	PAG	B	0.01%
	AMED	F	0.01%
	IRDM	C	0.01%
	LCID	F	0.01%
	NXST	C	0.01%
	AM	B	0.01%
	ZI	D	0.01%
	NWL	B	0.01%
	NSA	D	0.01%
	PLNT	A	0.01%
	MAN	F	0.01%
	SPR	F	0.01%
	WU	F	0.01%
	HIW	D	0.01%
	NVST	C	0.01%
	AMKR	F	0.01%
	MPW	F	0.01%
	COTY	F	0.01%
	DNB	B	0.01%
	PRGO	C	0.01%
	MSGS	C	0.01%
	GTES	B	0.01%
	TPG	B	0.01%
	DXC	B	0.01%
	EPR	D	0.01%
	NEU	C	0.01%
	CIVI	F	0.01%
	SMG	D	0.01%
	KMPR	A	0.01%
	TYL	B	0.01%
	U	F	0.01%
	UHAL	C	0.0%
	SEG	F	0.0%
	UWMC	F	0.0%
	NFE	F	0.0%
	DJT	D	0.0%
	IONS	F	0.0%
	CHH	B	0.0%
	UI	B	0.0%
	PLTK	B	0.0%
	CACC	D	0.0%
	LBRDA	C	0.0%
	TFSL	A	0.0%
	PATH	C	0.0%
	TXG	F	0.0%
	CWEN	D	0.0%
	SEB	D	0.0%
	CAR	C	0.0%
	PYCR	B	0.0%
	LSCC	D	0.0%
	FIVE	F	0.0%
	NCNO	B	0.0%
	HCP	A	0.0%
	AMC	C	0.0%
	DV	C	0.0%
	MTN	D	0.0%
	CNA	C	0.0%
	DDS	C	0.0%
	WOLF	F	0.0%
	EXEL	B	0.0%

VONV Underweight 41 Positions Relative to SPXT

	Symbol	Grade	Weight
	AMZN	A	-5.73%
	META	B	-3.77%
	GOOGL	B	-3.09%
	GOOG	B	-2.56%
	TSLA	B	-2.41%
	LLY	F	-1.84%
	V	A	-1.49%
	MA	B	-1.25%
	COST	B	-1.18%
	NFLX	A	-1.0%
	MRK	F	-0.75%
	ISRG	A	-0.54%
	UBER	F	-0.45%
	BX	A	-0.37%
	AMT	F	-0.27%
	CMG	B	-0.23%
	WM	A	-0.23%
	MCO	C	-0.21%
	ABNB	C	-0.19%
	VST	B	-0.14%
	COR	A	-0.13%
	VRSK	A	-0.12%
	TRGP	B	-0.12%
	ODFL	B	-0.12%
	LULU	C	-0.11%
	AXON	B	-0.1%
	IDXX	D	-0.1%
	TSCO	C	-0.09%
	DECK	B	-0.08%
	DXCM	C	-0.08%
	CPAY	A	-0.07%
	LYV	B	-0.06%
	CLX	A	-0.06%
	EXPE	B	-0.06%
	PODD	B	-0.05%
	LVS	C	-0.05%
	ROL	B	-0.04%
	POOL	D	-0.04%
	ERIE	F	-0.03%
	NCLH	B	-0.03%
	DVA	C	-0.02%

VONV: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Utilities - Regulated Electric Software - Application Oil & Gas E&P Asset Management 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 Beverage Dow Jones Component Medicine

SPXT: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Diversified Industrials Business Services Diagnostics & Research Oil & Gas E&P Aerospace & Defense Asset Management 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 Insurance - Property & Casualty REIT - Residential Specialty Chemicals

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