VONV vs. SPXV ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to ProShares S&P 500 Ex-Health Care ETF (SPXV)

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

SPXV

ProShares S&P 500 Ex-Health Care ETF

SPXV Description

The investment seeks investment results, before fees and expenses that track the performance of the S&P 500® Ex-Health Care 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 Health Care Sector.

Grade (RS Rating)

Last Trade

$64.52

Average Daily Volume

648

Number of Holdings ^*

438

* may have additional holdings in another (foreign) market

Performance

Period	VONV	SPXV
30 Days	3.51%	4.00%
60 Days	4.96%	6.05%
90 Days	7.00%	8.04%
12 Months	29.73%	35.57%

382 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in SPXV	Overlap
	ACGL	D	0.14%	0.09%	0.09%
	ACN	C	0.87%	0.5%	0.5%
	ADI	D	0.44%	0.23%	0.23%
	ADM	D	0.11%	0.06%	0.06%
	ADP	B	0.03%	0.27%	0.03%
	AEE	A	0.09%	0.05%	0.05%
	AEP	D	0.21%	0.12%	0.12%
	AES	F	0.05%	0.02%	0.02%
	AFL	B	0.23%	0.13%	0.13%
	AIG	B	0.2%	0.11%	0.11%
	AIZ	A	0.04%	0.03%	0.03%
	AJG	B	0.23%	0.15%	0.15%
	AKAM	D	0.06%	0.03%	0.03%
	ALB	C	0.04%	0.03%	0.03%
	ALL	A	0.17%	0.12%	0.12%
	ALLE	D	0.05%	0.03%	0.03%
	AMAT	F	0.05%	0.31%	0.05%
	AMCR	D	0.06%	0.03%	0.03%
	AMD	F	0.32%	0.49%	0.32%
	AME	A	0.17%	0.1%	0.1%
	AMP	A	0.02%	0.12%	0.02%
	ANSS	B	0.11%	0.07%	0.07%
	AON	A	0.29%	0.19%	0.19%
	AOS	F	0.04%	0.02%	0.02%
	APA	D	0.03%	0.02%	0.02%
	APD	A	0.28%	0.16%	0.16%
	APH	A	0.13%	0.19%	0.13%
	APTV	D	0.06%	0.03%	0.03%
	ARE	D	0.08%	0.04%	0.04%
	ATO	A	0.08%	0.05%	0.05%
	AVB	B	0.13%	0.07%	0.07%
	AVY	D	0.04%	0.04%	0.04%
	AWK	D	0.11%	0.06%	0.06%
	AXP	A	0.38%	0.36%	0.36%
	AZO	C	0.02%	0.12%	0.02%
	BA	F	0.34%	0.23%	0.23%
	BAC	A	1.14%	0.71%	0.71%
	BALL	D	0.07%	0.04%	0.04%
	BBY	D	0.08%	0.04%	0.04%
	BEN	C	0.02%	0.01%	0.01%
	BG	F	0.05%	0.03%	0.03%
	BK	A	0.22%	0.13%	0.13%
	BKNG	A	0.04%	0.38%	0.04%
	BKR	B	0.15%	0.1%	0.1%
	BLDR	D	0.07%	0.05%	0.05%
	BLK	C	0.58%	0.33%	0.33%
	BR	A	0.01%	0.06%	0.01%
	BRK.A	B	3.3%	1.94%	1.94%
	BRO	B	0.06%	0.06%	0.06%
	BWA	D	0.03%	0.02%	0.02%
	BXP	D	0.05%	0.03%	0.03%
	C	A	0.49%	0.29%	0.29%
	CAG	D	0.06%	0.03%	0.03%
	CARR	D	0.2%	0.14%	0.14%
	CAT	B	0.63%	0.42%	0.42%
	CB	C	0.46%	0.24%	0.24%
	CBOE	B	0.09%	0.05%	0.05%
	CBRE	B	0.16%	0.09%	0.09%
	CCI	D	0.19%	0.1%	0.1%
	CCL	B	0.09%	0.06%	0.06%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.04%	0.02%	0.02%
	CEG	D	0.28%	0.16%	0.16%
	CF	B	0.06%	0.03%	0.03%
	CFG	B	0.08%	0.05%	0.05%
	CHD	B	0.1%	0.06%	0.06%
	CHRW	C	0.05%	0.03%	0.03%
	CHTR	C	0.12%	0.08%	0.08%
	CINF	A	0.09%	0.05%	0.05%
	CL	D	0.14%	0.17%	0.14%
	CMCSA	B	0.67%	0.37%	0.37%
	CME	A	0.32%	0.18%	0.18%
	CMI	A	0.18%	0.11%	0.11%
	CMS	C	0.08%	0.05%	0.05%
	CNP	B	0.07%	0.05%	0.05%
	COF	B	0.25%	0.16%	0.16%
	COP	C	0.51%	0.29%	0.29%
	CPB	D	0.04%	0.02%	0.02%
	CPRT	A	0.01%	0.11%	0.01%
	CPT	B	0.05%	0.03%	0.03%
	CRM	B	0.17%	0.71%	0.17%
	CSCO	B	0.89%	0.52%	0.52%
	CSGP	D	0.12%	0.07%	0.07%
	CSX	B	0.26%	0.15%	0.15%
	CTAS	B	0.01%	0.17%	0.01%
	CTRA	B	0.07%	0.04%	0.04%
	CTSH	B	0.15%	0.09%	0.09%
	CTVA	C	0.17%	0.09%	0.09%
	CVX	A	1.03%	0.62%	0.62%
	CZR	F	0.03%	0.02%	0.02%
	D	C	0.2%	0.11%	0.11%
	DAL	C	0.15%	0.09%	0.09%
	DAY	B	0.04%	0.03%	0.03%
	DD	D	0.14%	0.08%	0.08%
	DE	A	0.41%	0.23%	0.23%
	DELL	C	0.11%	0.08%	0.08%
	DFS	B	0.15%	0.1%	0.1%
	DG	F	0.07%	0.04%	0.04%
	DHI	D	0.2%	0.11%	0.11%
	DIS	B	0.71%	0.47%	0.47%
	DLR	B	0.23%	0.12%	0.12%
	DLTR	F	0.05%	0.03%	0.03%
	DOC	D	0.06%	0.03%	0.03%
	DOV	A	0.1%	0.06%	0.06%
	DOW	F	0.14%	0.07%	0.07%
	DPZ	C	0.04%	0.03%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.1%	0.06%	0.06%
	DUK	C	0.36%	0.19%	0.19%
	DVN	F	0.1%	0.05%	0.05%
	EA	A	0.16%	0.09%	0.09%
	EBAY	D	0.12%	0.07%	0.07%
	ECL	D	0.03%	0.14%	0.03%
	ED	D	0.14%	0.07%	0.07%
	EFX	F	0.1%	0.07%	0.07%
	EG	C	0.05%	0.04%	0.04%
	EIX	B	0.13%	0.07%	0.07%
	EL	F	0.04%	0.03%	0.03%
	EMN	D	0.05%	0.03%	0.03%
	EMR	A	0.25%	0.16%	0.16%
	EOG	A	0.28%	0.17%	0.17%
	EPAM	C	0.04%	0.03%	0.03%
	EQIX	A	0.33%	0.19%	0.19%
	EQR	B	0.11%	0.06%	0.06%
	EQT	B	0.08%	0.06%	0.06%
	ES	D	0.09%	0.05%	0.05%
	ESS	B	0.07%	0.04%	0.04%
	ETN	A	0.53%	0.32%	0.32%
	ETR	B	0.13%	0.07%	0.07%
	EVRG	A	0.05%	0.03%	0.03%
	EXC	C	0.16%	0.09%	0.09%
	EXPD	D	0.06%	0.04%	0.04%
	EXR	D	0.14%	0.08%	0.08%
	F	C	0.16%	0.1%	0.1%
	FANG	D	0.13%	0.07%	0.07%
	FAST	B	0.03%	0.11%	0.03%
	FCX	D	0.26%	0.14%	0.14%
	FDS	B	0.04%	0.04%	0.04%
	FDX	B	0.25%	0.15%	0.15%
	FE	C	0.1%	0.05%	0.05%
	FFIV	B	0.05%	0.03%	0.03%
	FI	A	0.31%	0.27%	0.27%
	FICO	B	0.03%	0.13%	0.03%
	FIS	C	0.2%	0.11%	0.11%
	FITB	A	0.12%	0.07%	0.07%
	FMC	D	0.03%	0.02%	0.02%
	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%	0.05%	0.05%
	FTNT	C	0.04%	0.13%	0.04%
	FTV	C	0.1%	0.06%	0.06%
	GD	F	0.32%	0.17%	0.17%
	GE	D	0.59%	0.43%	0.43%
	GEN	B	0.06%	0.04%	0.04%
	GEV	B	0.33%	0.2%	0.2%
	GIS	D	0.15%	0.08%	0.08%
	GL	B	0.04%	0.02%	0.02%
	GLW	B	0.15%	0.08%	0.08%
	GM	B	0.23%	0.14%	0.14%
	GNRC	B	0.02%	0.02%	0.02%
	GPC	D	0.06%	0.04%	0.04%
	GPN	B	0.11%	0.07%	0.07%
	GRMN	B	0.12%	0.07%	0.07%
	GS	A	0.48%	0.42%	0.42%
	GWW	B	0.02%	0.12%	0.02%
	HAL	C	0.1%	0.06%	0.06%
	HAS	D	0.0%	0.02%	0.0%
	HBAN	A	0.09%	0.06%	0.06%
	HD	A	0.32%	0.91%	0.32%
	HES	B	0.05%	0.09%	0.05%
	HIG	B	0.13%	0.08%	0.08%
	HII	D	0.03%	0.02%	0.02%
	HLT	A	0.11%	0.14%	0.11%
	HON	B	0.45%	0.33%	0.33%
	HPE	B	0.1%	0.06%	0.06%
	HPQ	B	0.11%	0.08%	0.08%
	HRL	D	0.04%	0.02%	0.02%
	HST	C	0.05%	0.03%	0.03%
	HSY	F	0.09%	0.06%	0.06%
	HUBB	B	0.09%	0.05%	0.05%
	HWM	A	0.15%	0.1%	0.1%
	IBM	C	0.76%	0.42%	0.42%
	ICE	C	0.35%	0.2%	0.2%
	IEX	B	0.07%	0.04%	0.04%
	IFF	D	0.1%	0.05%	0.05%
	INTC	D	0.37%	0.23%	0.23%
	INVH	D	0.08%	0.04%	0.04%
	IP	B	0.08%	0.04%	0.04%
	IPG	D	0.04%	0.02%	0.02%
	IR	B	0.15%	0.09%	0.09%
	IRM	D	0.06%	0.08%	0.06%
	ITW	B	0.19%	0.17%	0.17%
	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%	0.13%	0.13%
	JKHY	D	0.05%	0.03%	0.03%
	JNPR	F	0.05%	0.03%	0.03%
	JPM	A	2.55%	1.57%	1.57%
	K	A	0.08%	0.05%	0.05%
	KDP	D	0.15%	0.08%	0.08%
	KEY	B	0.06%	0.04%	0.04%
	KEYS	A	0.1%	0.06%	0.06%
	KHC	F	0.12%	0.06%	0.06%
	KIM	A	0.06%	0.04%	0.04%
	KKR	A	0.27%	0.23%	0.23%
	KMB	D	0.11%	0.1%	0.1%
	KMI	A	0.19%	0.12%	0.12%
	KMX	B	0.04%	0.03%	0.03%
	KO	D	0.43%	0.54%	0.43%
	KR	B	0.15%	0.09%	0.09%
	KVUE	A	0.18%	0.1%	0.1%
	L	A	0.06%	0.03%	0.03%
	LDOS	C	0.1%	0.05%	0.05%
	LEN	D	0.01%	0.09%	0.01%
	LEN	D	0.16%	0.09%	0.09%
	LHX	C	0.19%	0.11%	0.11%
	LIN	D	0.88%	0.48%	0.48%
	LKQ	D	0.04%	0.02%	0.02%
	LMT	D	0.32%	0.26%	0.26%
	LNT	A	0.06%	0.04%	0.04%
	LOW	D	0.6%	0.34%	0.34%
	LUV	C	0.07%	0.04%	0.04%
	LW	C	0.03%	0.02%	0.02%
	LYB	F	0.09%	0.05%	0.05%
	MAA	B	0.07%	0.04%	0.04%
	MAR	B	0.24%	0.15%	0.15%
	MAS	D	0.07%	0.04%	0.04%
	MCD	D	0.79%	0.47%	0.47%
	MCHP	D	0.16%	0.08%	0.08%
	MDLZ	F	0.37%	0.19%	0.19%
	MET	A	0.18%	0.11%	0.11%
	MGM	D	0.03%	0.02%	0.02%
	MHK	D	0.03%	0.02%	0.02%
	MKC	D	0.08%	0.04%	0.04%
	MKTX	D	0.04%	0.02%	0.02%
	MLM	B	0.14%	0.08%	0.08%
	MMC	B	0.37%	0.24%	0.24%
	MMM	D	0.23%	0.16%	0.16%
	MNST	C	0.03%	0.08%	0.03%
	MO	A	0.37%	0.21%	0.21%
	MOS	F	0.03%	0.02%	0.02%
	MPC	D	0.21%	0.12%	0.12%
	MRO	B	0.06%	0.04%	0.04%
	MS	A	0.51%	0.38%	0.38%
	MSCI	C	0.07%	0.1%	0.07%
	MSI	B	0.16%	0.18%	0.16%
	MTB	A	0.13%	0.08%	0.08%
	MTCH	D	0.04%	0.02%	0.02%
	MU	D	0.44%	0.24%	0.24%
	NDAQ	A	0.12%	0.07%	0.07%
	NDSN	B	0.06%	0.03%	0.03%
	NEE	D	0.65%	0.35%	0.35%
	NEM	D	0.21%	0.11%	0.11%
	NI	A	0.06%	0.04%	0.04%
	NKE	D	0.14%	0.21%	0.14%
	NOC	D	0.28%	0.15%	0.15%
	NRG	B	0.04%	0.04%	0.04%
	NSC	B	0.23%	0.13%	0.13%
	NTAP	C	0.05%	0.05%	0.05%
	NTRS	A	0.08%	0.05%	0.05%
	NUE	C	0.14%	0.08%	0.08%
	NVR	D	0.1%	0.08%	0.08%
	NWS	B	0.01%	0.01%	0.01%
	NWSA	B	0.04%	0.02%	0.02%
	O	D	0.21%	0.11%	0.11%
	OKE	A	0.23%	0.14%	0.14%
	OMC	C	0.08%	0.04%	0.04%
	ON	D	0.12%	0.06%	0.06%
	ORLY	B	0.02%	0.16%	0.02%
	OTIS	C	0.16%	0.09%	0.09%
	OXY	D	0.13%	0.08%	0.08%
	PARA	C	0.03%	0.01%	0.01%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.11%	0.1%	0.1%
	PCAR	B	0.21%	0.13%	0.13%
	PCG	A	0.17%	0.1%	0.1%
	PEG	A	0.18%	0.1%	0.1%
	PEP	F	0.19%	0.49%	0.19%
	PFG	D	0.08%	0.04%	0.04%
	PG	A	1.21%	0.9%	0.9%
	PGR	A	0.09%	0.34%	0.09%
	PH	A	0.32%	0.2%	0.2%
	PHM	D	0.11%	0.06%	0.06%
	PKG	A	0.08%	0.05%	0.05%
	PLD	D	0.42%	0.24%	0.24%
	PM	B	0.83%	0.45%	0.45%
	PNC	B	0.3%	0.19%	0.19%
	PNR	A	0.07%	0.04%	0.04%
	PNW	B	0.04%	0.02%	0.02%
	PPG	F	0.12%	0.06%	0.06%
	PPL	B	0.1%	0.06%	0.06%
	PRU	A	0.18%	0.1%	0.1%
	PSA	D	0.18%	0.12%	0.12%
	PSX	C	0.2%	0.12%	0.12%
	PTC	A	0.03%	0.05%	0.03%
	PWR	A	0.12%	0.11%	0.11%
	PYPL	B	0.32%	0.2%	0.2%
	QCOM	F	0.05%	0.4%	0.05%
	QRVO	F	0.03%	0.01%	0.01%
	RCL	A	0.13%	0.12%	0.12%
	REG	B	0.05%	0.03%	0.03%
	RF	A	0.09%	0.05%	0.05%
	RJF	A	0.11%	0.07%	0.07%
	RL	B	0.03%	0.02%	0.02%
	ROK	B	0.11%	0.07%	0.07%
	ROP	B	0.23%	0.13%	0.13%
	ROST	C	0.14%	0.1%	0.1%
	RSG	A	0.16%	0.1%	0.1%
	RTX	C	0.64%	0.35%	0.35%
	SBAC	D	0.1%	0.05%	0.05%
	SBUX	A	0.1%	0.25%	0.1%
	SCHW	B	0.38%	0.27%	0.27%
	SHW	A	0.03%	0.2%	0.03%
	SJM	D	0.05%	0.03%	0.03%
	SLB	C	0.23%	0.14%	0.14%
	SNA	A	0.07%	0.04%	0.04%
	SO	D	0.4%	0.22%	0.22%
	SPG	B	0.16%	0.12%	0.12%
	SPGI	C	0.6%	0.36%	0.36%
	SRE	A	0.21%	0.13%	0.13%
	STLD	B	0.08%	0.05%	0.05%
	STT	A	0.11%	0.06%	0.06%
	STZ	D	0.15%	0.08%	0.08%
	SW	A	0.11%	0.06%	0.06%
	SWK	D	0.06%	0.03%	0.03%
	SWKS	F	0.06%	0.03%	0.03%
	SYF	B	0.09%	0.06%	0.06%
	SYY	B	0.06%	0.08%	0.06%
	T	A	0.65%	0.37%	0.37%
	TAP	C	0.04%	0.02%	0.02%
	TDG	D	0.23%	0.16%	0.16%
	TDY	B	0.08%	0.05%	0.05%
	TER	D	0.01%	0.04%	0.01%
	TFC	A	0.23%	0.14%	0.14%
	TGT	F	0.28%	0.16%	0.16%
	TJX	A	0.21%	0.3%	0.21%
	TMUS	B	0.43%	0.26%	0.26%
	TPR	B	0.04%	0.03%	0.03%
	TRMB	B	0.06%	0.04%	0.04%
	TROW	B	0.1%	0.06%	0.06%
	TRV	B	0.22%	0.13%	0.13%
	TSN	B	0.07%	0.04%	0.04%
	TT	A	0.22%	0.21%	0.21%
	TTWO	A	0.11%	0.07%	0.07%
	TXN	C	0.65%	0.41%	0.41%
	TXT	D	0.06%	0.04%	0.04%
	TYL	B	0.02%	0.06%	0.02%
	UAL	A	0.1%	0.07%	0.07%
	UDR	B	0.06%	0.03%	0.03%
	ULTA	F	0.01%	0.04%	0.01%
	UNP	C	0.3%	0.32%	0.3%
	UPS	C	0.39%	0.22%	0.22%
	URI	B	0.16%	0.12%	0.12%
	USB	A	0.3%	0.17%	0.17%
	VICI	C	0.13%	0.07%	0.07%
	VLO	C	0.17%	0.1%	0.1%
	VLTO	D	0.06%	0.06%	0.06%
	VMC	B	0.11%	0.08%	0.08%
	VRSN	F	0.06%	0.03%	0.03%
	VTR	C	0.11%	0.06%	0.06%
	VZ	C	0.71%	0.39%	0.39%
	WAB	B	0.13%	0.08%	0.08%
	WBA	F	0.03%	0.01%	0.01%
	WBD	C	0.08%	0.05%	0.05%
	WDC	D	0.09%	0.05%	0.05%
	WEC	A	0.12%	0.07%	0.07%
	WELL	A	0.33%	0.18%	0.18%
	WFC	A	0.91%	0.57%	0.57%
	WMB	A	0.25%	0.15%	0.15%
	WMT	A	1.42%	0.82%	0.82%
	WRB	A	0.07%	0.04%	0.04%
	WTW	B	0.12%	0.07%	0.07%
	WY	D	0.09%	0.05%	0.05%
	WYNN	D	0.04%	0.02%	0.02%
	XEL	A	0.15%	0.09%	0.09%
	XOM	B	2.1%	1.19%	1.19%
	XYL	D	0.12%	0.07%	0.07%
	YUM	B	0.09%	0.08%	0.08%
	ZBRA	B	0.06%	0.04%	0.04%

VONV Overweight 460 Positions Relative to SPXV

	Symbol	Grade	Weight
	UNH	C	1.94%
	JNJ	D	1.54%
	TMO	F	0.84%
	ABBV	D	0.82%
	ABT	B	0.78%
	PFE	D	0.64%
	DHR	F	0.63%
	BSX	B	0.49%
	MDT	D	0.46%
	BMY	B	0.45%
	GILD	C	0.44%
	SYK	C	0.36%
	ELV	F	0.32%
	CI	F	0.32%
	REGN	F	0.32%
	CVS	D	0.29%
	BDX	F	0.27%
	VRTX	F	0.25%
	MRVL	B	0.25%
	HCA	F	0.2%
	MCK	B	0.15%
	AMGN	D	0.15%
	A	D	0.15%
	GEHC	F	0.14%
	MSTR	C	0.14%
	EW	C	0.13%
	CNC	D	0.13%
	IQV	D	0.13%
	HUM	C	0.12%
	MTD	D	0.11%
	BIIB	F	0.1%
	RMD	C	0.1%
	LNG	B	0.09%
	STE	F	0.09%
	ZBH	C	0.09%
	ILMN	D	0.09%
	FCNCA	A	0.09%
	SQ	B	0.09%
	APO	B	0.08%
	LH	C	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%
	DGX	A	0.07%
	CVNA	B	0.07%
	MRNA	F	0.07%
	BAX	D	0.07%
	HOLX	D	0.07%
	TRU	D	0.07%
	VTRS	A	0.06%
	RGA	A	0.06%
	USFD	A	0.06%
	ZTS	D	0.06%
	ACM	A	0.06%
	RVTY	F	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%
	TECH	D	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	CLH	B	0.05%
	UHS	D	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%
	WST	C	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%
	HSIC	B	0.04%
	LAD	A	0.04%
	CRL	C	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%
	TFX	F	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%
	SOLV	C	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%
	CTLT	B	0.04%
	PFGC	B	0.04%
	CUBE	D	0.04%
	CAH	B	0.04%
	NTNX	A	0.04%
	TWLO	A	0.04%
	CCK	C	0.04%
	CG	A	0.04%
	INCY	C	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%
	ALGN	D	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%
	MOH	F	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%
	WAT	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 57 Positions Relative to SPXV

	Symbol	Grade	Weight
	NVDA	C	-7.84%
	AAPL	C	-7.68%
	MSFT	F	-6.93%
	AMZN	C	-4.25%
	META	D	-2.72%
	GOOGL	C	-2.27%
	TSLA	B	-2.0%
	GOOG	C	-1.88%
	AVGO	D	-1.72%
	V	A	-1.16%
	MA	C	-0.97%
	COST	B	-0.9%
	NFLX	A	-0.79%
	ORCL	B	-0.66%
	ADBE	C	-0.5%
	NOW	A	-0.47%
	INTU	C	-0.43%
	UBER	D	-0.35%
	PLTR	B	-0.3%
	BX	A	-0.29%
	PANW	C	-0.28%
	ANET	C	-0.22%
	AMT	D	-0.21%
	LRCX	F	-0.21%
	KLAC	D	-0.19%
	CRWD	B	-0.18%
	CDNS	B	-0.18%
	WM	A	-0.18%
	SNPS	B	-0.18%
	CMG	B	-0.18%
	MCO	B	-0.17%
	ADSK	A	-0.15%
	ABNB	C	-0.13%
	NXPI	D	-0.12%
	VST	B	-0.11%
	TRGP	B	-0.1%
	AXON	A	-0.1%
	VRSK	A	-0.09%
	IT	C	-0.09%
	ODFL	B	-0.09%
	LULU	C	-0.08%
	TSCO	D	-0.07%
	CPAY	A	-0.06%
	GDDY	A	-0.06%
	DECK	A	-0.06%
	MPWR	F	-0.06%
	LYV	A	-0.05%
	STX	D	-0.05%
	CLX	B	-0.05%
	EXPE	B	-0.05%
	LVS	C	-0.04%
	NCLH	B	-0.03%
	POOL	C	-0.03%
	ROL	B	-0.03%
	ENPH	F	-0.02%
	SMCI	F	-0.02%
	ERIE	D	-0.02%

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

SPXV: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Packaged Foods Specialty Retail Credit Services Household & Personal Products Information Technology Services Insurance - Property & Casualty REIT - Residential Specialty Chemicals Utilities - Diversified Insurance Brokers

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