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

$86.79

Average Daily Volume

372,062

Number of Holdings ^*

842

* 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

$86.30

Average Daily Volume

2,018,364

Number of Holdings ^*

231

* may have additional holdings in another (foreign) market

Performance

Period	VONV	SPYG
30 Days	3.51%	3.28%
60 Days	4.96%	4.99%
90 Days	7.00%	6.37%
12 Months	29.73%	37.95%

169 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in SPYG	Overlap
	ABBV	D	0.82%	0.38%	0.38%
	ACGL	D	0.14%	0.13%	0.13%
	ACN	C	0.87%	0.42%	0.42%
	ADI	D	0.44%	0.21%	0.21%
	ADP	B	0.03%	0.17%	0.03%
	AJG	B	0.23%	0.11%	0.11%
	AKAM	D	0.06%	0.02%	0.02%
	ALGN	D	0.03%	0.03%	0.03%
	ALLE	D	0.05%	0.02%	0.02%
	AMAT	F	0.05%	0.53%	0.05%
	AMD	F	0.32%	0.78%	0.32%
	AME	A	0.17%	0.07%	0.07%
	AMP	A	0.02%	0.1%	0.02%
	ANSS	B	0.11%	0.06%	0.06%
	AON	A	0.29%	0.14%	0.14%
	AOS	F	0.04%	0.02%	0.02%
	APA	D	0.03%	0.03%	0.03%
	APH	A	0.13%	0.17%	0.13%
	AXP	A	0.38%	0.39%	0.38%
	AZO	C	0.02%	0.13%	0.02%
	BA	F	0.34%	0.15%	0.15%
	BKNG	A	0.04%	0.58%	0.04%
	BLDR	D	0.07%	0.07%	0.07%
	BR	A	0.01%	0.05%	0.01%
	BRO	B	0.06%	0.07%	0.06%
	BSX	B	0.49%	0.24%	0.24%
	CARR	D	0.2%	0.1%	0.1%
	CAT	B	0.63%	0.38%	0.38%
	CBOE	B	0.09%	0.05%	0.05%
	CCL	B	0.09%	0.06%	0.06%
	CDW	F	0.05%	0.03%	0.03%
	CE	F	0.04%	0.03%	0.03%
	CEG	D	0.28%	0.11%	0.11%
	CF	B	0.06%	0.03%	0.03%
	CHD	B	0.1%	0.04%	0.04%
	CHTR	C	0.12%	0.06%	0.06%
	CL	D	0.14%	0.1%	0.1%
	CME	A	0.32%	0.1%	0.1%
	COP	C	0.51%	0.31%	0.31%
	CPRT	A	0.01%	0.17%	0.01%
	CRM	B	0.17%	1.11%	0.17%
	CSGP	D	0.12%	0.05%	0.05%
	CSX	B	0.26%	0.12%	0.12%
	CTAS	B	0.01%	0.14%	0.01%
	CTRA	B	0.07%	0.04%	0.04%
	CZR	F	0.03%	0.02%	0.02%
	DAL	C	0.15%	0.08%	0.08%
	DAY	B	0.04%	0.02%	0.02%
	DE	A	0.41%	0.2%	0.2%
	DELL	C	0.11%	0.07%	0.07%
	DFS	B	0.15%	0.08%	0.08%
	DHI	D	0.2%	0.17%	0.17%
	DLR	B	0.23%	0.08%	0.08%
	DPZ	C	0.04%	0.02%	0.02%
	DRI	B	0.04%	0.04%	0.04%
	EA	A	0.16%	0.06%	0.06%
	ECL	D	0.03%	0.11%	0.03%
	EFX	F	0.1%	0.04%	0.04%
	EOG	A	0.28%	0.18%	0.18%
	EPAM	C	0.04%	0.02%	0.02%
	EQIX	A	0.33%	0.14%	0.14%
	ETN	A	0.53%	0.31%	0.31%
	EW	C	0.13%	0.05%	0.05%
	EXPD	D	0.06%	0.02%	0.02%
	FANG	D	0.13%	0.11%	0.11%
	FAST	B	0.03%	0.08%	0.03%
	FCX	D	0.26%	0.11%	0.11%
	FDS	B	0.04%	0.03%	0.03%
	FI	A	0.31%	0.22%	0.22%
	FICO	B	0.03%	0.2%	0.03%
	FTNT	C	0.04%	0.21%	0.04%
	FTV	C	0.1%	0.09%	0.09%
	GE	D	0.59%	0.29%	0.29%
	GEV	B	0.33%	0.13%	0.13%
	GNRC	B	0.02%	0.02%	0.02%
	GRMN	B	0.12%	0.06%	0.06%
	GWW	B	0.02%	0.14%	0.02%
	HCA	F	0.2%	0.11%	0.11%
	HD	A	0.32%	0.51%	0.32%
	HES	B	0.05%	0.14%	0.05%
	HLT	A	0.11%	0.21%	0.11%
	HST	C	0.05%	0.03%	0.03%
	HSY	F	0.09%	0.03%	0.03%
	HUBB	B	0.09%	0.04%	0.04%
	HWM	A	0.15%	0.09%	0.09%
	IQV	D	0.13%	0.05%	0.05%
	IR	B	0.15%	0.11%	0.11%
	IRM	D	0.06%	0.06%	0.06%
	ITW	B	0.19%	0.12%	0.12%
	JBL	B	0.05%	0.03%	0.03%
	KKR	A	0.27%	0.35%	0.27%
	KO	D	0.43%	0.33%	0.33%
	LEN	D	0.01%	0.08%	0.01%
	LEN	D	0.16%	0.08%	0.08%
	LIN	D	0.88%	0.39%	0.39%
	LW	C	0.03%	0.03%	0.03%
	MAR	B	0.24%	0.23%	0.23%
	MAS	D	0.07%	0.03%	0.03%
	MCD	D	0.79%	0.32%	0.32%
	MCHP	D	0.16%	0.07%	0.07%
	MDLZ	F	0.37%	0.13%	0.13%
	MGM	D	0.03%	0.02%	0.02%
	MLM	B	0.14%	0.08%	0.08%
	MMC	B	0.37%	0.2%	0.2%
	MNST	C	0.03%	0.08%	0.03%
	MOH	F	0.03%	0.04%	0.03%
	MPC	D	0.21%	0.1%	0.1%
	MRO	B	0.06%	0.03%	0.03%
	MSCI	C	0.07%	0.09%	0.07%
	MSI	B	0.16%	0.17%	0.16%
	MTD	D	0.11%	0.03%	0.03%
	NKE	D	0.14%	0.13%	0.13%
	NTAP	C	0.05%	0.03%	0.03%
	NUE	C	0.14%	0.08%	0.08%
	NVR	D	0.1%	0.09%	0.09%
	OKE	A	0.23%	0.13%	0.13%
	ON	D	0.12%	0.04%	0.04%
	ORLY	B	0.02%	0.18%	0.02%
	OTIS	C	0.16%	0.05%	0.05%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.11%	0.06%	0.06%
	PCAR	B	0.21%	0.15%	0.15%
	PEP	F	0.19%	0.28%	0.19%
	PG	A	1.21%	0.53%	0.53%
	PGR	A	0.09%	0.26%	0.09%
	PH	A	0.32%	0.24%	0.24%
	PHM	D	0.11%	0.09%	0.09%
	PM	B	0.83%	0.25%	0.25%
	PNR	A	0.07%	0.04%	0.04%
	PSA	D	0.18%	0.08%	0.08%
	PTC	A	0.03%	0.05%	0.03%
	PWR	A	0.12%	0.11%	0.11%
	QCOM	F	0.05%	0.33%	0.05%
	RCL	A	0.13%	0.19%	0.13%
	REGN	F	0.32%	0.17%	0.17%
	RL	B	0.03%	0.02%	0.02%
	ROK	B	0.11%	0.05%	0.05%
	ROP	B	0.23%	0.09%	0.09%
	ROST	C	0.14%	0.16%	0.14%
	RSG	A	0.16%	0.08%	0.08%
	SBAC	D	0.1%	0.03%	0.03%
	SBUX	A	0.1%	0.23%	0.1%
	SHW	A	0.03%	0.16%	0.03%
	SNA	A	0.07%	0.03%	0.03%
	SPG	B	0.16%	0.07%	0.07%
	SPGI	C	0.6%	0.25%	0.25%
	STE	F	0.09%	0.04%	0.04%
	STLD	B	0.08%	0.04%	0.04%
	SYK	C	0.36%	0.29%	0.29%
	TDG	D	0.23%	0.25%	0.23%
	TJX	A	0.21%	0.3%	0.21%
	TMO	F	0.84%	0.27%	0.27%
	TT	A	0.22%	0.22%	0.22%
	TTWO	A	0.11%	0.05%	0.05%
	TXN	C	0.65%	0.24%	0.24%
	TYL	B	0.02%	0.09%	0.02%
	ULTA	F	0.01%	0.04%	0.01%
	UNH	C	1.94%	0.72%	0.72%
	UNP	C	0.3%	0.22%	0.22%
	URI	B	0.16%	0.2%	0.16%
	VMC	B	0.11%	0.08%	0.08%
	VRSN	F	0.06%	0.03%	0.03%
	VRTX	F	0.25%	0.28%	0.25%
	WAT	B	0.03%	0.03%	0.03%
	WMB	A	0.25%	0.09%	0.09%
	WST	C	0.04%	0.08%	0.04%
	WYNN	D	0.04%	0.03%	0.03%
	YUM	B	0.09%	0.06%	0.06%
	ZTS	D	0.06%	0.15%	0.06%

VONV Overweight 673 Positions Relative to SPYG

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	JPM	A	2.55%
	XOM	B	2.1%
	JNJ	D	1.54%
	WMT	A	1.42%
	BAC	A	1.14%
	CVX	A	1.03%
	WFC	A	0.91%
	CSCO	B	0.89%
	ABT	B	0.78%
	IBM	C	0.76%
	DIS	B	0.71%
	VZ	C	0.71%
	CMCSA	B	0.67%
	T	A	0.65%
	NEE	D	0.65%
	PFE	D	0.64%
	RTX	C	0.64%
	DHR	F	0.63%
	LOW	D	0.6%
	BLK	C	0.58%
	MS	A	0.51%
	C	A	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%
	GILD	C	0.44%
	TMUS	B	0.43%
	PLD	D	0.42%
	SO	D	0.4%
	UPS	C	0.39%
	SCHW	B	0.38%
	INTC	D	0.37%
	MO	A	0.37%
	DUK	C	0.36%
	ICE	C	0.35%
	WELL	A	0.33%
	ELV	F	0.32%
	LMT	D	0.32%
	GD	F	0.32%
	CI	F	0.32%
	PYPL	B	0.32%
	PNC	B	0.3%
	USB	A	0.3%
	CVS	D	0.29%
	APD	A	0.28%
	TGT	F	0.28%
	NOC	D	0.28%
	BDX	F	0.27%
	COF	B	0.25%
	EMR	A	0.25%
	FDX	B	0.25%
	MRVL	B	0.25%
	NSC	B	0.23%
	GM	B	0.23%
	SLB	C	0.23%
	TFC	A	0.23%
	MMM	D	0.23%
	AFL	B	0.23%
	BK	A	0.22%
	TRV	B	0.22%
	O	D	0.21%
	AEP	D	0.21%
	NEM	D	0.21%
	SRE	A	0.21%
	AIG	B	0.2%
	D	C	0.2%
	FIS	C	0.2%
	PSX	C	0.2%
	CCI	D	0.19%
	LHX	C	0.19%
	KMI	A	0.19%
	KVUE	A	0.18%
	PRU	A	0.18%
	PEG	A	0.18%
	CMI	A	0.18%
	MET	A	0.18%
	ALL	A	0.17%
	VLO	C	0.17%
	JCI	C	0.17%
	CTVA	C	0.17%
	PCG	A	0.17%
	EXC	C	0.16%
	CBRE	B	0.16%
	F	C	0.16%
	GLW	B	0.15%
	KDP	D	0.15%
	MCK	B	0.15%
	KR	B	0.15%
	STZ	D	0.15%
	CTSH	B	0.15%
	XEL	A	0.15%
	AMGN	D	0.15%
	GIS	D	0.15%
	BKR	B	0.15%
	A	D	0.15%
	EXR	D	0.14%
	DD	D	0.14%
	DOW	F	0.14%
	GEHC	F	0.14%
	ED	D	0.14%
	MSTR	C	0.14%
	EIX	B	0.13%
	AVB	B	0.13%
	HIG	B	0.13%
	MTB	A	0.13%
	CNC	D	0.13%
	WAB	B	0.13%
	ETR	B	0.13%
	VICI	C	0.13%
	OXY	D	0.13%
	PPG	F	0.12%
	EBAY	D	0.12%
	XYL	D	0.12%
	KHC	F	0.12%
	FITB	A	0.12%
	WEC	A	0.12%
	NDAQ	A	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%
	SW	A	0.11%
	AWK	D	0.11%
	STT	A	0.11%
	RJF	A	0.11%
	PPL	B	0.1%
	FE	C	0.1%
	TROW	B	0.1%
	DVN	F	0.1%
	HAL	C	0.1%
	LDOS	C	0.1%
	HPE	B	0.1%
	BIIB	F	0.1%
	IFF	D	0.1%
	UAL	A	0.1%
	RMD	C	0.1%
	DTE	C	0.1%
	DOV	A	0.1%
	KEYS	A	0.1%
	WDC	D	0.09%
	LNG	B	0.09%
	CINF	A	0.09%
	SYF	B	0.09%
	ZBH	C	0.09%
	RF	A	0.09%
	HBAN	A	0.09%
	LYB	F	0.09%
	WY	D	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%
	BBY	D	0.08%
	OMC	C	0.08%
	MKC	D	0.08%
	ZM	B	0.08%
	WBD	C	0.08%
	NTRS	A	0.08%
	EQT	B	0.08%
	PKG	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%
	UTHR	C	0.07%
	RS	B	0.07%
	SUI	D	0.07%
	WSO	A	0.07%
	TSN	B	0.07%
	CSL	C	0.07%
	WRB	A	0.07%
	DGX	A	0.07%
	CVNA	B	0.07%
	J	F	0.07%
	MRNA	F	0.07%
	DG	F	0.07%
	MAA	B	0.07%
	ESS	B	0.07%
	BAX	D	0.07%
	BALL	D	0.07%
	LUV	C	0.07%
	HOLX	D	0.07%
	TRU	D	0.07%
	CNP	B	0.07%
	VTRS	A	0.06%
	CAG	D	0.06%
	UDR	B	0.06%
	RGA	A	0.06%
	VLTO	D	0.06%
	SWKS	F	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	L	A	0.06%
	SYY	B	0.06%
	SWK	D	0.06%
	ACM	A	0.06%
	RVTY	F	0.06%
	TRMB	B	0.06%
	THC	D	0.06%
	JBHT	C	0.06%
	TOL	B	0.06%
	TXT	D	0.06%
	SSNC	B	0.06%
	MKL	A	0.06%
	AVTR	F	0.06%
	OC	A	0.06%
	ZBRA	B	0.06%
	LNT	A	0.06%
	APTV	D	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	FNF	B	0.06%
	KIM	A	0.06%
	DOC	D	0.06%
	NI	A	0.06%
	GEN	B	0.06%
	KEY	B	0.06%
	GPC	D	0.06%
	AMCR	D	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	TECH	D	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	AES	F	0.05%
	SJM	D	0.05%
	CLH	B	0.05%
	UHS	D	0.05%
	BG	F	0.05%
	UNM	A	0.05%
	AMH	D	0.05%
	CHRW	C	0.05%
	CPT	B	0.05%
	WPC	D	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	COHR	B	0.05%
	EMN	D	0.05%
	NVT	B	0.05%
	BMRN	D	0.05%
	RPM	A	0.05%
	EME	C	0.05%
	BXP	D	0.05%
	JNPR	F	0.05%
	EG	C	0.05%
	ELS	C	0.05%
	DLTR	F	0.05%
	GLPI	C	0.05%
	REG	B	0.05%
	CW	B	0.05%
	JKHY	D	0.05%
	RNR	C	0.05%
	EVRG	A	0.05%
	EWBC	A	0.05%
	GGG	B	0.05%
	FFIV	B	0.05%
	DTM	B	0.04%
	FYBR	D	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	WBS	A	0.04%
	JLL	D	0.04%
	HRL	D	0.04%
	TW	A	0.04%
	WAL	B	0.04%
	CPB	D	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	LAD	A	0.04%
	FRT	B	0.04%
	CRL	C	0.04%
	CIEN	B	0.04%
	MTCH	D	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	GL	B	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	TFX	F	0.04%
	EVR	B	0.04%
	TAP	C	0.04%
	PRI	A	0.04%
	LKQ	D	0.04%
	RGLD	C	0.04%
	FOXA	B	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%
	AIZ	A	0.04%
	PNW	B	0.04%
	AA	B	0.04%
	SOLV	C	0.04%
	DOX	D	0.04%
	EL	F	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%
	NWSA	B	0.04%
	AVY	D	0.04%
	OHI	C	0.04%
	RPRX	D	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	PFGC	B	0.04%
	MKTX	D	0.04%
	CUBE	D	0.04%
	CAH	B	0.04%
	NTNX	A	0.04%
	TPR	B	0.04%
	TWLO	A	0.04%
	CCK	C	0.04%
	CG	A	0.04%
	INCY	C	0.04%
	RRX	B	0.04%
	IPG	D	0.04%
	NRG	B	0.04%
	ATR	B	0.04%
	ALB	C	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%
	IVZ	B	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%
	PARA	C	0.03%
	OSK	B	0.03%
	KEX	C	0.03%
	HRB	D	0.03%
	G	B	0.03%
	QRVO	F	0.03%
	STAG	F	0.03%
	JAZZ	B	0.03%
	WBA	F	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%
	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%
	MHK	D	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%
	HII	D	0.03%
	COLD	D	0.03%
	ADC	B	0.03%
	SKX	D	0.03%
	SAIC	F	0.03%
	SEIC	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%
	BWA	D	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%
	FMC	D	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%
	MOS	F	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%
	FOX	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%
	BEN	C	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%
	TER	D	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%
	NWS	B	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%
	HAS	D	0.0%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 63 Positions Relative to SPYG

	Symbol	Grade	Weight
	NVDA	C	-12.46%
	AAPL	C	-11.97%
	MSFT	F	-10.95%
	AMZN	C	-6.82%
	META	D	-4.35%
	GOOGL	C	-3.55%
	TSLA	B	-2.98%
	GOOG	C	-2.94%
	AVGO	D	-2.74%
	LLY	F	-2.14%
	NFLX	A	-1.24%
	V	A	-1.17%
	MA	C	-1.07%
	ORCL	B	-1.03%
	ADBE	C	-0.81%
	NOW	A	-0.74%
	INTU	C	-0.68%
	COST	B	-0.59%
	UBER	D	-0.52%
	PANW	C	-0.44%
	ISRG	A	-0.43%
	PLTR	B	-0.41%
	LRCX	F	-0.34%
	ANET	C	-0.34%
	MRK	F	-0.34%
	BX	A	-0.32%
	KLAC	D	-0.3%
	CDNS	B	-0.29%
	SNPS	B	-0.29%
	CMG	B	-0.28%
	CRWD	B	-0.27%
	VST	B	-0.16%
	NXPI	D	-0.15%
	AXON	A	-0.15%
	IT	C	-0.14%
	TRGP	B	-0.14%
	ODFL	B	-0.14%
	AMT	D	-0.13%
	LULU	C	-0.13%
	WM	A	-0.13%
	ADSK	A	-0.12%
	MCO	B	-0.12%
	MPWR	F	-0.1%
	ABNB	C	-0.1%
	CPAY	A	-0.09%
	GDDY	A	-0.09%
	DECK	A	-0.09%
	VRSK	A	-0.08%
	EXPE	B	-0.08%
	IDXX	F	-0.07%
	LYV	A	-0.07%
	DXCM	D	-0.06%
	LVS	C	-0.04%
	NCLH	B	-0.04%
	TSCO	D	-0.04%
	POOL	C	-0.03%
	STX	D	-0.03%
	SMCI	F	-0.03%
	ERIE	D	-0.02%
	ROL	B	-0.02%
	PODD	C	-0.02%
	ENPH	F	-0.01%
	DVA	B	-0.01%

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

SPYG: Top Represented Industries & Keywords

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

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