VONV vs. SPYG ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to SPDR S&P 500 Growth ETF (based on S&P 500 Growth Index) (SPYG)

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

$82.59

Average Daily Volume

318,011

Number of Holdings ^*

839

* may have additional holdings in another (foreign) market

SPYG

SPDR S&P 500 Growth ETF (based on S&P 500 Growth Index)

SPYG Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "growth" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Growth Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization growth sector in the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$82.31

Average Daily Volume

2,527,755

Number of Holdings ^*

229

* may have additional holdings in another (foreign) market

Performance

Period	VONV	SPYG
30 Days	3.44%	1.45%
60 Days	5.25%	3.29%
90 Days	8.24%	2.99%
12 Months	23.07%	36.81%

167 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in SPYG	Overlap
	ABBV	C	0.79%	0.5%	0.5%
	ACGL	C	0.16%	0.16%	0.16%
	ACN	C	0.86%	0.47%	0.47%
	ADI	C	0.47%	0.26%	0.26%
	ADP	B	0.03%	0.17%	0.03%
	AJG	D	0.24%	0.13%	0.13%
	AKAM	D	0.06%	0.03%	0.03%
	ALGN	D	0.03%	0.03%	0.03%
	ALLE	B	0.05%	0.02%	0.02%
	AMAT	D	0.05%	0.6%	0.05%
	AMD	D	0.33%	0.96%	0.33%
	AME	C	0.16%	0.07%	0.07%
	AMP	A	0.02%	0.09%	0.02%
	ANSS	D	0.11%	0.06%	0.06%
	AON	B	0.27%	0.15%	0.15%
	AOS	D	0.04%	0.02%	0.02%
	APA	F	0.04%	0.03%	0.03%
	APH	D	0.13%	0.17%	0.13%
	AXP	B	0.37%	0.4%	0.37%
	AZO	D	0.02%	0.15%	0.02%
	BA	F	0.34%	0.16%	0.16%
	BKNG	C	0.03%	0.52%	0.03%
	BLDR	C	0.08%	0.08%	0.08%
	BR	D	0.01%	0.06%	0.01%
	BRO	C	0.06%	0.07%	0.06%
	BSX	B	0.48%	0.27%	0.27%
	CARR	B	0.2%	0.12%	0.12%
	CAT	B	0.6%	0.38%	0.38%
	CBOE	C	0.09%	0.06%	0.06%
	CCL	C	0.07%	0.05%	0.05%
	CDW	D	0.06%	0.05%	0.05%
	CE	F	0.04%	0.05%	0.04%
	CEG	C	0.21%	0.11%	0.11%
	CF	C	0.06%	0.03%	0.03%
	CHD	D	0.1%	0.05%	0.05%
	CHTR	D	0.13%	0.06%	0.06%
	CL	D	0.16%	0.13%	0.13%
	COP	D	0.54%	0.33%	0.33%
	CPRT	D	0.01%	0.17%	0.01%
	CRM	D	0.14%	0.97%	0.14%
	CSGP	D	0.13%	0.05%	0.05%
	CSX	D	0.27%	0.13%	0.13%
	CTAS	B	0.01%	0.15%	0.01%
	CTRA	D	0.07%	0.04%	0.04%
	CZR	C	0.03%	0.02%	0.02%
	DAL	C	0.11%	0.06%	0.06%
	DAY	D	0.03%	0.02%	0.02%
	DE	B	0.39%	0.22%	0.22%
	DFS	B	0.14%	0.07%	0.07%
	DHI	B	0.22%	0.22%	0.22%
	DLR	B	0.2%	0.08%	0.08%
	DPZ	F	0.04%	0.02%	0.02%
	DRI	B	0.04%	0.04%	0.04%
	EA	D	0.16%	0.06%	0.06%
	ECL	B	0.03%	0.13%	0.03%
	EFX	B	0.12%	0.06%	0.06%
	EOG	D	0.3%	0.18%	0.18%
	EPAM	F	0.04%	0.02%	0.02%
	EQIX	C	0.3%	0.15%	0.15%
	ETN	C	0.49%	0.3%	0.3%
	ETSY	F	0.01%	0.01%	0.01%
	EW	F	0.14%	0.06%	0.06%
	EXPD	C	0.06%	0.02%	0.02%
	FANG	D	0.14%	0.12%	0.12%
	FAST	C	0.02%	0.08%	0.02%
	FCX	D	0.25%	0.12%	0.12%
	FDS	C	0.04%	0.03%	0.03%
	FICO	B	0.03%	0.18%	0.03%
	FTNT	C	0.04%	0.19%	0.04%
	FTV	C	0.1%	0.1%	0.1%
	GE	B	0.6%	0.31%	0.31%
	GEV	B	0.22%	0.1%	0.1%
	GNRC	D	0.02%	0.02%	0.02%
	GRMN	D	0.11%	0.06%	0.06%
	GWW	B	0.02%	0.13%	0.02%
	HCA	B	0.23%	0.14%	0.14%
	HD	B	0.3%	0.54%	0.3%
	HES	F	0.05%	0.14%	0.05%
	HLT	B	0.11%	0.21%	0.11%
	HST	C	0.05%	0.03%	0.03%
	HSY	C	0.1%	0.04%	0.04%
	HUBB	B	0.09%	0.04%	0.04%
	HWM	B	0.15%	0.08%	0.08%
	IQV	C	0.16%	0.06%	0.06%
	IR	C	0.15%	0.11%	0.11%
	IRM	C	0.06%	0.07%	0.06%
	ITW	C	0.19%	0.12%	0.12%
	JBL	D	0.05%	0.03%	0.03%
	KKR	B	0.24%	0.32%	0.24%
	KO	C	0.48%	0.42%	0.42%
	LEN	B	0.01%	0.1%	0.01%
	LEN	B	0.18%	0.1%	0.1%
	LIN	B	0.92%	0.46%	0.46%
	LW	D	0.02%	0.02%	0.02%
	MAR	C	0.22%	0.22%	0.22%
	MAS	B	0.07%	0.04%	0.04%
	MCD	B	0.78%	0.36%	0.36%
	MCHP	F	0.17%	0.1%	0.1%
	MDLZ	B	0.39%	0.16%	0.16%
	MGM	F	0.04%	0.02%	0.02%
	MLM	D	0.12%	0.08%	0.08%
	MMC	C	0.39%	0.23%	0.23%
	MNST	D	0.03%	0.08%	0.03%
	MOH	D	0.03%	0.05%	0.03%
	MPC	F	0.25%	0.12%	0.12%
	MRO	C	0.07%	0.03%	0.03%
	MSCI	C	0.08%	0.1%	0.08%
	MSI	B	0.15%	0.17%	0.15%
	MTD	D	0.12%	0.04%	0.04%
	NKE	D	0.15%	0.16%	0.15%
	NTAP	D	0.06%	0.04%	0.04%
	NUE	F	0.15%	0.08%	0.08%
	NVR	B	0.11%	0.11%	0.11%
	OKE	B	0.22%	0.13%	0.13%
	ON	D	0.13%	0.05%	0.05%
	ORLY	C	0.02%	0.19%	0.02%
	OTIS	C	0.15%	0.06%	0.06%
	PAYC	D	0.01%	0.01%	0.01%
	PAYX	C	0.11%	0.07%	0.07%
	PCAR	D	0.2%	0.14%	0.14%
	PEP	C	0.2%	0.35%	0.2%
	PG	C	1.26%	0.63%	0.63%
	PGR	B	0.09%	0.29%	0.09%
	PH	B	0.31%	0.23%	0.23%
	PHM	B	0.11%	0.11%	0.11%
	PM	C	0.77%	0.28%	0.28%
	PNR	B	0.06%	0.04%	0.04%
	PSA	B	0.18%	0.09%	0.09%
	PTC	D	0.03%	0.05%	0.03%
	PWR	B	0.11%	0.11%	0.11%
	QCOM	D	0.05%	0.38%	0.05%
	RCL	B	0.1%	0.15%	0.1%
	REGN	C	0.46%	0.29%	0.29%
	RL	C	0.03%	0.01%	0.01%
	ROK	D	0.11%	0.06%	0.06%
	ROP	C	0.24%	0.1%	0.1%
	ROST	C	0.15%	0.2%	0.15%
	RSG	D	0.17%	0.09%	0.09%
	SBAC	C	0.1%	0.04%	0.04%
	SBUX	C	0.1%	0.26%	0.1%
	SHW	B	0.03%	0.17%	0.03%
	SNA	C	0.06%	0.03%	0.03%
	SPG	B	0.16%	0.08%	0.08%
	SPGI	B	0.64%	0.29%	0.29%
	STE	C	0.1%	0.05%	0.05%
	STLD	F	0.07%	0.04%	0.04%
	SYK	C	0.37%	0.31%	0.31%
	TDG	B	0.24%	0.3%	0.24%
	TJX	B	0.22%	0.34%	0.22%
	TMO	B	0.94%	0.35%	0.35%
	TT	B	0.22%	0.22%	0.22%
	TTWO	C	0.11%	0.05%	0.05%
	TXN	C	0.69%	0.26%	0.26%
	TYL	C	0.02%	0.1%	0.02%
	ULTA	D	0.01%	0.05%	0.01%
	UNH	C	2.03%	0.81%	0.81%
	UNP	C	0.33%	0.27%	0.27%
	URI	B	0.15%	0.19%	0.15%
	VMC	D	0.1%	0.08%	0.08%
	VRSN	D	0.06%	0.03%	0.03%
	VRTX	D	0.26%	0.31%	0.26%
	WAT	C	0.03%	0.03%	0.03%
	WMB	B	0.22%	0.08%	0.08%
	WST	D	0.04%	0.09%	0.04%
	WYNN	D	0.03%	0.03%	0.03%
	YUM	D	0.09%	0.07%	0.07%
	ZTS	C	0.06%	0.19%	0.06%

VONV Overweight 672 Positions Relative to SPYG

	Symbol	Grade	Weight
	BRK.A	C	3.5%
	JPM	D	2.59%
	XOM	C	2.12%
	JNJ	C	1.61%
	WMT	C	1.35%
	BAC	D	1.11%
	CVX	D	1.02%
	WFC	D	0.82%
	CSCO	C	0.82%
	ABT	C	0.79%
	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%
	CMCSA	D	0.62%
	LOW	B	0.57%
	T	C	0.57%
	BLK	B	0.53%
	C	C	0.48%
	GS	C	0.47%
	MDT	C	0.47%
	PLD	C	0.47%
	HON	D	0.46%
	CB	B	0.46%
	MS	D	0.45%
	ELV	C	0.44%
	MU	F	0.43%
	BMY	C	0.41%
	GILD	B	0.4%
	TMUS	C	0.39%
	UPS	D	0.38%
	INTC	F	0.38%
	SO	B	0.38%
	CI	C	0.37%
	ICE	C	0.37%
	MO	C	0.37%
	SCHW	D	0.35%
	DUK	C	0.35%
	GD	B	0.33%
	LMT	C	0.33%
	USB	B	0.3%
	PYPL	B	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%
	FDX	C	0.27%
	NEM	B	0.25%
	APD	B	0.25%
	SLB	F	0.25%
	AFL	C	0.25%
	TFC	C	0.24%
	PSX	F	0.24%
	MRVL	C	0.24%
	EMR	D	0.24%
	MMM	B	0.24%
	GM	C	0.23%
	NSC	C	0.23%
	COF	B	0.22%
	AIG	D	0.21%
	SRE	C	0.21%
	TRV	C	0.21%
	AEP	C	0.21%
	O	C	0.21%
	CCI	C	0.2%
	BK	B	0.2%
	MET	B	0.19%
	FIS	B	0.19%
	D	C	0.19%
	VLO	F	0.19%
	F	F	0.18%
	LHX	C	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%
	PRU	C	0.17%
	CTSH	C	0.16%
	KDP	B	0.16%
	AMGN	B	0.16%
	CTVA	B	0.16%
	PEG	B	0.16%
	GIS	B	0.16%
	EXR	B	0.15%
	DOW	D	0.15%
	OXY	F	0.15%
	EXC	C	0.15%
	STZ	D	0.15%
	XEL	B	0.14%
	HIG	B	0.14%
	VICI	C	0.14%
	BKR	C	0.14%
	ED	C	0.14%
	DD	B	0.14%
	CBRE	A	0.14%
	KR	C	0.14%
	KHC	C	0.13%
	AVB	B	0.13%
	GLW	C	0.13%
	GEHC	C	0.13%
	EIX	C	0.13%
	XYL	C	0.13%
	FITB	B	0.12%
	WEC	C	0.12%
	WAB	B	0.12%
	NDAQ	A	0.12%
	BIIB	F	0.12%
	WTW	C	0.12%
	EBAY	B	0.12%
	ADM	D	0.12%
	PPG	D	0.12%
	STT	A	0.11%
	IFF	B	0.11%
	HPQ	D	0.11%
	KEYS	C	0.11%
	HAL	F	0.11%
	AWK	B	0.11%
	DVN	F	0.11%
	GPN	D	0.11%
	EQR	B	0.11%
	MTB	B	0.11%
	KMB	D	0.11%
	ES	C	0.1%
	DELL	D	0.1%
	FSLR	C	0.1%
	FCNCA	D	0.1%
	MRNA	F	0.1%
	VTR	C	0.1%
	HPE	D	0.1%
	FE	C	0.1%
	DOV	B	0.1%
	LYB	D	0.1%
	ETR	B	0.1%
	DTE	C	0.1%
	RMD	C	0.1%
	SQ	D	0.09%
	LDOS	B	0.09%
	WDC	D	0.09%
	RF	B	0.09%
	HBAN	B	0.09%
	BBY	C	0.09%
	AEE	C	0.09%
	WY	C	0.09%
	INVH	C	0.09%
	RJF	C	0.09%
	TROW	D	0.09%
	PPL	C	0.09%
	ZBH	F	0.09%
	HOLX	B	0.08%
	J	C	0.08%
	MAA	B	0.08%
	PFG	B	0.08%
	WBD	D	0.08%
	ESS	B	0.08%
	BAX	C	0.08%
	OMC	B	0.08%
	MSTR	D	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%
	ILMN	C	0.08%
	CINF	B	0.08%
	K	B	0.08%
	RS	D	0.07%
	WSO	C	0.07%
	AMCR	B	0.07%
	SUI	B	0.07%
	IP	B	0.07%
	ZM	C	0.07%
	BMRN	F	0.07%
	LUV	C	0.07%
	CNP	C	0.07%
	DLTR	F	0.07%
	TXT	D	0.07%
	DGX	B	0.07%
	CSL	B	0.07%
	AVTR	B	0.07%
	SWKS	D	0.07%
	TRU	B	0.07%
	TSN	C	0.07%
	DG	F	0.07%
	NTRS	A	0.07%
	EQT	D	0.07%
	WRB	C	0.07%
	PKG	B	0.07%
	UHS	B	0.06%
	TRMB	C	0.06%
	ZBRA	B	0.06%
	GGG	C	0.06%
	EG	C	0.06%
	BG	D	0.06%
	VTRS	D	0.06%
	JBHT	D	0.06%
	UAL	C	0.06%
	RGA	C	0.06%
	NDSN	C	0.06%
	OC	D	0.06%
	UDR	C	0.06%
	SYY	D	0.06%
	NI	B	0.06%
	L	C	0.06%
	CAG	C	0.06%
	TOL	B	0.06%
	LNT	B	0.06%
	APO	C	0.06%
	VLTO	C	0.06%
	FNF	B	0.06%
	KIM	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%
	UTHR	C	0.06%
	THC	A	0.06%
	SSNC	B	0.06%
	NVT	D	0.05%
	RPRX	C	0.05%
	RPM	B	0.05%
	INCY	C	0.05%
	ITT	B	0.05%
	BLD	D	0.05%
	OVV	F	0.05%
	TECH	C	0.05%
	FTI	D	0.05%
	TFX	C	0.05%
	EWBC	D	0.05%
	CUBE	B	0.05%
	RIVN	F	0.05%
	BXP	B	0.05%
	SJM	C	0.05%
	FFIV	B	0.05%
	CHRW	B	0.05%
	EMN	B	0.05%
	CW	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%
	JKHY	B	0.05%
	CLH	A	0.05%
	CPT	B	0.05%
	WPC	C	0.05%
	EVRG	B	0.05%
	RNR	C	0.05%
	REG	C	0.05%
	HOOD	C	0.05%
	IBKR	B	0.05%
	ELS	C	0.05%
	AMH	C	0.05%
	EL	F	0.05%
	GLPI	C	0.05%
	USFD	B	0.05%
	ACM	B	0.05%
	DCI	C	0.04%
	SF	A	0.04%
	TWLO	D	0.04%
	WAL	B	0.04%
	CG	D	0.04%
	EVR	A	0.04%
	INGR	B	0.04%
	NYT	C	0.04%
	SOLV	C	0.04%
	EGP	B	0.04%
	MKTX	C	0.04%
	HSIC	C	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%
	CHRD	F	0.04%
	EHC	C	0.04%
	RGLD	C	0.04%
	TPR	C	0.04%
	HRL	C	0.04%
	TAP	D	0.04%
	FRT	C	0.04%
	CPB	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%
	CHK	D	0.04%
	WTRG	D	0.04%
	MTCH	C	0.04%
	FOXA	B	0.04%
	WWD	D	0.04%
	TTEK	C	0.04%
	PNW	C	0.04%
	DOX	C	0.04%
	AFRM	C	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%
	BJ	D	0.04%
	CCK	A	0.04%
	UNM	B	0.04%
	ALB	D	0.04%
	NRG	C	0.04%
	CACI	B	0.04%
	NWSA	D	0.04%
	REXR	C	0.04%
	NTNX	C	0.04%
	CTLT	B	0.04%
	EME	B	0.04%
	LKQ	F	0.04%
	AVY	C	0.04%
	CASY	D	0.04%
	RRX	C	0.04%
	CAH	C	0.04%
	QRVO	F	0.04%
	SCI	B	0.04%
	HII	D	0.04%
	IVZ	B	0.03%
	R	A	0.03%
	GME	F	0.03%
	PARA	F	0.03%
	VFC	C	0.03%
	FAF	B	0.03%
	RHI	D	0.03%
	AAL	D	0.03%
	WMS	D	0.03%
	LSTR	D	0.03%
	MAT	C	0.03%
	BIO	C	0.03%
	FLS	D	0.03%
	CGNX	F	0.03%
	BPOP	C	0.03%
	Z	B	0.03%
	LEA	F	0.03%
	PB	B	0.03%
	CFR	C	0.03%
	DAR	F	0.03%
	WBA	F	0.03%
	LFUS	C	0.03%
	GWRE	A	0.03%
	SAIC	C	0.03%
	SNV	C	0.03%
	OKTA	F	0.03%
	XP	D	0.03%
	MSA	D	0.03%
	MTG	B	0.03%
	EXAS	C	0.03%
	SEIC	C	0.03%
	BFAM	C	0.03%
	G	C	0.03%
	BBWI	F	0.03%
	SOFI	C	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%
	JAZZ	D	0.03%
	FYBR	C	0.03%
	HRB	C	0.03%
	WTFC	B	0.03%
	RRC	D	0.03%
	MTZ	B	0.03%
	AGNC	B	0.03%
	CROX	D	0.03%
	ZION	D	0.03%
	VOYA	B	0.03%
	RGEN	F	0.03%
	WCC	D	0.03%
	WEX	C	0.03%
	ADC	C	0.03%
	GNTX	F	0.03%
	ROKU	C	0.03%
	ARW	C	0.03%
	BRBR	C	0.03%
	HLI	B	0.03%
	STAG	C	0.03%
	ACHC	C	0.03%
	BWXT	D	0.03%
	FR	B	0.03%
	MKSI	F	0.03%
	MIDD	D	0.03%
	FND	C	0.03%
	PNFP	B	0.03%
	CRBG	D	0.03%
	CMA	B	0.03%
	ELAN	D	0.03%
	CBSH	C	0.03%
	DTM	B	0.03%
	LECO	F	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%
	CRUS	D	0.03%
	AYI	B	0.03%
	ATI	C	0.03%
	OGE	C	0.03%
	COKE	C	0.03%
	DINO	F	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%
	LAMR	B	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%
	TW	B	0.03%
	JLL	B	0.03%
	KBR	D	0.03%
	SKX	D	0.03%
	X	F	0.03%
	RBC	C	0.03%
	NNN	C	0.03%
	DXC	C	0.02%
	MSM	D	0.02%
	KMPR	D	0.02%
	LITE	B	0.02%
	NEU	D	0.02%
	LSXMK	D	0.02%
	W	D	0.02%
	IAC	C	0.02%
	PRGO	D	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%
	SAIA	D	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%
	FRPT	B	0.02%
	SLGN	B	0.02%
	FLO	C	0.02%
	DBX	D	0.02%
	PSN	B	0.02%
	PII	D	0.02%
	CIVI	F	0.02%
	OLED	C	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%
	GFS	F	0.02%
	AN	D	0.02%
	OZK	D	0.02%
	WTM	D	0.02%
	EEFT	D	0.02%
	ZG	B	0.02%
	AL	D	0.02%
	SEE	D	0.02%
	SLM	D	0.02%
	WLK	D	0.02%
	JHG	B	0.02%
	AVT	C	0.02%
	WSC	D	0.02%
	FOX	B	0.02%
	SN	B	0.02%
	IDA	C	0.02%
	OLN	D	0.02%
	MDU	C	0.02%
	XRAY	D	0.02%
	HXL	F	0.02%
	THG	B	0.02%
	COLB	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%
	OLLI	C	0.02%
	SRCL	A	0.02%
	LBRDK	F	0.02%
	LNC	D	0.02%
	SON	C	0.02%
	AMG	C	0.02%
	OMF	D	0.02%
	WH	B	0.02%
	PVH	F	0.02%
	AGCO	D	0.02%
	DASH	C	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%
	COIN	F	0.02%
	GXO	D	0.02%
	ESAB	C	0.02%
	RLI	B	0.02%
	ESI	D	0.02%
	VNO	B	0.02%
	MTSI	D	0.02%
	MTDR	F	0.02%
	STWD	B	0.02%
	AXS	B	0.02%
	SNDR	B	0.01%
	LYFT	D	0.01%
	CERT	F	0.01%
	WEN	C	0.01%
	TRIP	F	0.01%
	INFA	D	0.01%
	LEG	D	0.01%
	MP	D	0.01%
	UAA	C	0.01%
	REYN	C	0.01%
	BROS	D	0.01%
	PPC	D	0.01%
	AZEK	C	0.01%
	GO	F	0.01%
	ALGM	F	0.01%
	VSTS	D	0.01%
	FTRE	D	0.01%
	TER	D	0.01%
	LPX	B	0.01%
	PSTG	F	0.01%
	SHC	C	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%
	RCM	C	0.01%
	JWN	C	0.01%
	HHH	C	0.01%
	CRI	D	0.01%
	BOKF	B	0.01%
	YETI	D	0.01%
	PINC	C	0.01%
	MASI	F	0.01%
	AGR	B	0.01%
	VIRT	C	0.01%
	ENOV	D	0.01%
	CWEN	C	0.01%
	BRKR	D	0.01%
	VAC	F	0.01%
	MPW	C	0.01%
	AAP	F	0.01%
	CC	F	0.01%
	COLM	C	0.01%
	AZTA	F	0.01%
	U	D	0.01%
	RKT	C	0.01%
	CNM	F	0.01%
	SPB	C	0.01%
	CLVT	D	0.01%
	PENN	D	0.01%
	IRDM	D	0.01%
	BHF	F	0.01%
	LOPE	D	0.01%
	CACC	F	0.01%
	NWL	C	0.01%
	SMG	C	0.01%
	RH	B	0.01%
	TNL	D	0.01%
	ZI	D	0.01%
	FHB	D	0.01%
	AM	C	0.01%
	AMED	C	0.01%
	PAG	D	0.01%
	NVST	D	0.01%
	PK	D	0.01%
	TPG	B	0.01%
	PLNT	B	0.01%
	NXST	D	0.01%
	NWS	D	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%
	LCID	C	0.01%
	SPR	D	0.01%
	CNXC	F	0.01%
	HUN	D	0.01%
	DNB	C	0.01%
	AWI	B	0.01%
	COTY	F	0.01%
	ALNY	C	0.01%
	AMKR	F	0.01%
	GTES	C	0.01%
	UHAL	A	0.0%
	SEG	C	0.0%
	UWMC	D	0.0%
	NFE	F	0.0%
	DJT	F	0.0%
	UI	B	0.0%
	IONS	F	0.0%
	LBRDA	F	0.0%
	PLTK	C	0.0%
	CHH	C	0.0%
	CACC	F	0.0%
	SIRI	C	0.0%
	TFSL	C	0.0%
	PATH	D	0.0%
	HCP	B	0.0%
	CWEN	C	0.0%
	SEB	D	0.0%
	TXG	D	0.0%
	FIVE	D	0.0%
	CAR	F	0.0%
	LSCC	D	0.0%
	PYCR	D	0.0%
	NCNO	D	0.0%
	DDS	F	0.0%
	AMC	F	0.0%
	MTN	D	0.0%
	CNA	C	0.0%
	HAS	B	0.0%
	UA	D	0.0%
	WOLF	F	0.0%
	EXEL	C	0.0%
	DV	F	0.0%

VONV Underweight 63 Positions Relative to SPYG

	Symbol	Grade	Weight
	AAPL	C	-12.11%
	MSFT	C	-11.97%
	NVDA	D	-11.05%
	META	B	-4.53%
	AMZN	C	-4.35%
	GOOGL	D	-3.43%
	LLY	C	-2.94%
	GOOG	D	-2.87%
	AVGO	C	-2.82%
	TSLA	C	-2.51%
	V	C	-1.17%
	NFLX	B	-1.16%
	MA	B	-1.15%
	ADBE	F	-1.03%
	ORCL	C	-1.01%
	INTU	C	-0.71%
	NOW	B	-0.71%
	COST	B	-0.67%
	UBER	C	-0.56%
	ISRG	B	-0.46%
	MRK	D	-0.46%
	PANW	D	-0.44%
	KLAC	D	-0.39%
	LRCX	F	-0.38%
	ANET	B	-0.35%
	BX	B	-0.3%
	CMG	C	-0.3%
	CDNS	D	-0.29%
	SNPS	D	-0.29%
	CRWD	D	-0.23%
	AMT	C	-0.18%
	NXPI	F	-0.17%
	MPWR	C	-0.17%
	IT	B	-0.15%
	MCO	B	-0.14%
	WM	D	-0.14%
	TRGP	B	-0.13%
	ODFL	D	-0.13%
	LULU	D	-0.12%
	AXON	B	-0.11%
	CME	C	-0.11%
	ADSK	C	-0.11%
	ABNB	D	-0.1%
	VST	C	-0.1%
	SMCI	F	-0.09%
	IDXX	C	-0.09%
	DECK	C	-0.09%
	VRSK	D	-0.08%
	CPAY	B	-0.08%
	GDDY	C	-0.08%
	DXCM	F	-0.07%
	EXPE	C	-0.07%
	TEL	D	-0.07%
	TSCO	C	-0.05%
	LYV	B	-0.05%
	POOL	C	-0.03%
	STX	C	-0.03%
	NCLH	C	-0.03%
	LVS	D	-0.03%
	DVA	B	-0.02%
	ENPH	D	-0.02%
	ROL	C	-0.02%
	PODD	B	-0.02%

VONV: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Utilities - Regulated Electric Oil & Gas E&P Software - Application Asset Management Semiconductors Business Services Specialty Retail Biotechnology Capital Markets Packaged Foods Specialty Chemicals Diagnostics & Research 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 Beverage Biotechnology Dow Jones Component Plastic

SPYG: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Business Services Diversified Industrials Oil & Gas E&P Diagnostics & Research Restaurants Specialty Retail Internet Content & Information Leisure Medical Devices Specialty Industrial Machinery Building Materials Capital Markets Credit Services Information Technology Services Insurance Brokers Residential Construction Resorts & Casinos Semiconductor Equipment & Materials

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Electronics Natural Gas IBD 50 Integrated Circuits Mobile Devices Semiconductor Chemical Cloud Computing Software Work From Home Insurance Medicine Smartphones Telecommunications Transport Aerospace