VONV vs. SPYV ETF Comparison

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

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

$83.04

Average Daily Volume

318,011

Number of Holdings ^*

839

* may have additional holdings in another (foreign) market

SPYV

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

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value 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 value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.69

Average Daily Volume

3,365,531

Number of Holdings ^*

431

* may have additional holdings in another (foreign) market

Performance

Period	VONV	SPYV
30 Days	3.44%	3.09%
60 Days	5.25%	4.98%
90 Days	8.24%	7.70%
12 Months	23.07%	25.84%

406 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in SPYV	Overlap
	A	C	0.17%	0.19%	0.17%
	AAL	D	0.03%	0.03%	0.03%
	ABBV	C	0.79%	1.05%	0.79%
	ABT	C	0.79%	0.99%	0.79%
	ACN	C	0.86%	0.49%	0.49%
	ADI	C	0.47%	0.22%	0.22%
	ADM	D	0.12%	0.14%	0.12%
	ADP	B	0.03%	0.34%	0.03%
	AEE	C	0.09%	0.11%	0.09%
	AEP	C	0.21%	0.26%	0.21%
	AES	C	0.05%	0.06%	0.05%
	AFL	C	0.25%	0.27%	0.25%
	AIG	D	0.21%	0.24%	0.21%
	AIZ	B	0.04%	0.05%	0.04%
	AJG	D	0.24%	0.15%	0.15%
	AKAM	D	0.06%	0.04%	0.04%
	ALB	D	0.04%	0.05%	0.04%
	ALGN	D	0.03%	0.04%	0.03%
	ALL	B	0.17%	0.24%	0.17%
	ALLE	B	0.05%	0.04%	0.04%
	AMCR	B	0.07%	0.08%	0.07%
	AME	C	0.16%	0.1%	0.1%
	AMGN	B	0.16%	0.86%	0.16%
	AMP	A	0.02%	0.1%	0.02%
	ANSS	D	0.11%	0.06%	0.06%
	AON	B	0.27%	0.18%	0.18%
	AOS	D	0.04%	0.02%	0.02%
	APD	B	0.25%	0.3%	0.25%
	APH	D	0.13%	0.16%	0.13%
	APTV	D	0.08%	0.09%	0.08%
	ARE	C	0.08%	0.09%	0.08%
	ATO	B	0.08%	0.1%	0.08%
	AVB	B	0.13%	0.16%	0.13%
	AVY	C	0.04%	0.09%	0.04%
	AWK	B	0.11%	0.14%	0.11%
	AXP	B	0.37%	0.21%	0.21%
	AZO	D	0.02%	0.08%	0.02%
	BA	F	0.34%	0.26%	0.26%
	BAC	D	1.11%	1.28%	1.11%
	BALL	C	0.08%	0.1%	0.08%
	BAX	C	0.08%	0.1%	0.08%
	BBWI	F	0.03%	0.03%	0.03%
	BBY	C	0.09%	0.09%	0.09%
	BDX	D	0.28%	0.33%	0.28%
	BEN	F	0.02%	0.03%	0.02%
	BG	D	0.06%	0.07%	0.06%
	BIIB	F	0.12%	0.14%	0.12%
	BIO	C	0.03%	0.03%	0.03%
	BK	B	0.2%	0.25%	0.2%
	BKR	C	0.14%	0.16%	0.14%
	BLK	B	0.53%	0.6%	0.53%
	BMY	C	0.41%	0.48%	0.41%
	BR	D	0.01%	0.05%	0.01%
	BRK.A	C	3.5%	3.97%	3.5%
	BRO	C	0.06%	0.03%	0.03%
	BSX	B	0.48%	0.27%	0.27%
	BWA	D	0.03%	0.04%	0.03%
	BXP	B	0.05%	0.06%	0.05%
	C	C	0.48%	0.53%	0.48%
	CAG	C	0.06%	0.07%	0.06%
	CAH	C	0.04%	0.13%	0.04%
	CARR	B	0.2%	0.16%	0.16%
	CAT	B	0.6%	0.34%	0.34%
	CB	B	0.46%	0.57%	0.46%
	CBOE	C	0.09%	0.04%	0.04%
	CBRE	A	0.14%	0.17%	0.14%
	CCI	C	0.2%	0.25%	0.2%
	CCL	C	0.07%	0.02%	0.02%
	CDW	D	0.06%	0.08%	0.06%
	CEG	C	0.21%	0.16%	0.16%
	CF	C	0.06%	0.03%	0.03%
	CFG	C	0.08%	0.09%	0.08%
	CHD	D	0.1%	0.07%	0.07%
	CHRW	B	0.05%	0.06%	0.05%
	CHTR	D	0.13%	0.09%	0.09%
	CI	C	0.37%	0.5%	0.37%
	CINF	B	0.08%	0.1%	0.08%
	CL	D	0.16%	0.26%	0.16%
	CMCSA	D	0.62%	0.75%	0.62%
	CMI	C	0.17%	0.2%	0.17%
	CMS	C	0.08%	0.1%	0.08%
	CNC	D	0.17%	0.19%	0.17%
	CNP	C	0.07%	0.09%	0.07%
	COF	B	0.22%	0.26%	0.22%
	COP	D	0.54%	0.18%	0.18%
	CPB	C	0.04%	0.05%	0.04%
	CPT	B	0.05%	0.06%	0.05%
	CRL	F	0.04%	0.05%	0.04%
	CSCO	C	0.82%	0.98%	0.82%
	CSGP	D	0.13%	0.09%	0.09%
	CSX	D	0.27%	0.16%	0.16%
	CTAS	B	0.01%	0.16%	0.01%
	CTLT	B	0.04%	0.05%	0.04%
	CTRA	D	0.07%	0.03%	0.03%
	CTSH	C	0.16%	0.18%	0.16%
	CTVA	B	0.16%	0.19%	0.16%
	CVS	D	0.29%	0.35%	0.29%
	CVX	D	1.02%	1.16%	1.02%
	CZR	C	0.03%	0.02%	0.02%
	D	C	0.19%	0.23%	0.19%
	DAL	C	0.11%	0.06%	0.06%
	DAY	D	0.03%	0.02%	0.02%
	DD	B	0.14%	0.16%	0.14%
	DE	B	0.39%	0.21%	0.21%
	DFS	B	0.14%	0.07%	0.07%
	DG	F	0.07%	0.09%	0.07%
	DGX	B	0.07%	0.08%	0.07%
	DHR	B	0.72%	0.87%	0.72%
	DIS	D	0.67%	0.79%	0.67%
	DLR	B	0.2%	0.15%	0.15%
	DLTR	F	0.07%	0.07%	0.07%
	DOC	C	0.06%	0.08%	0.06%
	DOV	B	0.1%	0.12%	0.1%
	DOW	D	0.15%	0.17%	0.15%
	DPZ	F	0.04%	0.04%	0.04%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.1%	0.13%	0.1%
	DUK	C	0.35%	0.43%	0.35%
	DVN	F	0.11%	0.12%	0.11%
	EA	D	0.16%	0.1%	0.1%
	EBAY	B	0.12%	0.16%	0.12%
	ECL	B	0.03%	0.15%	0.03%
	ED	C	0.14%	0.17%	0.14%
	EFX	B	0.12%	0.11%	0.11%
	EG	C	0.06%	0.08%	0.06%
	EIX	C	0.13%	0.16%	0.13%
	EL	F	0.05%	0.1%	0.05%
	ELV	C	0.44%	0.62%	0.44%
	EMN	B	0.05%	0.06%	0.05%
	EMR	D	0.24%	0.28%	0.24%
	EOG	D	0.3%	0.11%	0.11%
	EPAM	F	0.04%	0.03%	0.03%
	EQIX	C	0.3%	0.21%	0.21%
	EQR	B	0.11%	0.13%	0.11%
	EQT	D	0.07%	0.09%	0.07%
	ES	C	0.1%	0.12%	0.1%
	ESS	B	0.08%	0.1%	0.08%
	ETN	C	0.49%	0.22%	0.22%
	ETR	B	0.1%	0.13%	0.1%
	ETSY	F	0.01%	0.02%	0.01%
	EVRG	B	0.05%	0.07%	0.05%
	EW	F	0.14%	0.13%	0.13%
	EXC	C	0.15%	0.19%	0.15%
	EXPD	C	0.06%	0.05%	0.05%
	EXR	B	0.15%	0.18%	0.15%
	F	F	0.18%	0.2%	0.18%
	FAST	C	0.02%	0.1%	0.02%
	FCX	D	0.25%	0.15%	0.15%
	FDS	C	0.04%	0.04%	0.04%
	FDX	C	0.27%	0.31%	0.27%
	FE	C	0.1%	0.11%	0.1%
	FFIV	B	0.05%	0.06%	0.05%
	FIS	B	0.19%	0.23%	0.19%
	FITB	B	0.12%	0.14%	0.12%
	FMC	C	0.03%	0.04%	0.03%
	FOX	B	0.02%	0.02%	0.02%
	FOXA	B	0.04%	0.04%	0.04%
	FRT	C	0.04%	0.04%	0.04%
	FSLR	C	0.1%	0.12%	0.1%
	GD	B	0.33%	0.33%	0.33%
	GE	B	0.6%	0.51%	0.51%
	GEHC	C	0.13%	0.18%	0.13%
	GEV	B	0.22%	0.16%	0.16%
	GILD	B	0.4%	0.5%	0.4%
	GIS	B	0.16%	0.2%	0.16%
	GL	C	0.04%	0.04%	0.04%
	GLW	C	0.13%	0.16%	0.13%
	GM	C	0.23%	0.26%	0.23%
	GNRC	D	0.02%	0.02%	0.02%
	GPC	D	0.08%	0.09%	0.08%
	GPN	D	0.11%	0.14%	0.11%
	GRMN	D	0.11%	0.06%	0.06%
	GS	C	0.47%	0.74%	0.47%
	GWW	B	0.02%	0.05%	0.02%
	HAL	F	0.11%	0.12%	0.11%
	HAS	B	0.0%	0.04%	0.0%
	HBAN	B	0.09%	0.1%	0.09%
	HCA	B	0.23%	0.19%	0.19%
	HD	B	0.3%	1.14%	0.3%
	HIG	B	0.14%	0.17%	0.14%
	HII	D	0.04%	0.05%	0.04%
	HOLX	B	0.08%	0.09%	0.08%
	HON	D	0.46%	0.65%	0.46%
	HPE	D	0.1%	0.11%	0.1%
	HPQ	D	0.11%	0.14%	0.11%
	HRL	C	0.04%	0.04%	0.04%
	HSIC	C	0.04%	0.04%	0.04%
	HST	C	0.05%	0.02%	0.02%
	HSY	C	0.1%	0.09%	0.09%
	HUBB	B	0.09%	0.06%	0.06%
	HUM	F	0.17%	0.19%	0.17%
	HWM	B	0.15%	0.08%	0.08%
	IBM	B	0.74%	0.95%	0.74%
	ICE	C	0.37%	0.45%	0.37%
	IEX	D	0.06%	0.07%	0.06%
	IFF	B	0.11%	0.13%	0.11%
	INCY	C	0.05%	0.05%	0.05%
	INTC	F	0.38%	0.4%	0.38%
	INVH	C	0.09%	0.1%	0.09%
	IP	B	0.07%	0.08%	0.07%
	IPG	C	0.05%	0.06%	0.05%
	IQV	C	0.16%	0.13%	0.13%
	IR	C	0.15%	0.04%	0.04%
	IRM	C	0.06%	0.08%	0.06%
	ITW	C	0.19%	0.18%	0.18%
	IVZ	B	0.03%	0.03%	0.03%
	J	C	0.08%	0.09%	0.08%
	JBHT	D	0.06%	0.07%	0.06%
	JBL	D	0.05%	0.03%	0.03%
	JCI	B	0.17%	0.23%	0.17%
	JKHY	B	0.05%	0.06%	0.05%
	JNJ	C	1.61%	1.93%	1.61%
	JNPR	B	0.05%	0.06%	0.05%
	JPM	D	2.59%	2.88%	2.59%
	K	B	0.08%	0.1%	0.08%
	KDP	B	0.16%	0.19%	0.16%
	KEY	B	0.06%	0.07%	0.06%
	KEYS	C	0.11%	0.13%	0.11%
	KHC	C	0.13%	0.14%	0.13%
	KIM	C	0.06%	0.08%	0.06%
	KMB	D	0.11%	0.23%	0.11%
	KMI	B	0.17%	0.2%	0.17%
	KMX	D	0.05%	0.06%	0.05%
	KO	C	0.48%	0.82%	0.48%
	KR	C	0.14%	0.18%	0.14%
	KVUE	C	0.17%	0.21%	0.17%
	L	C	0.06%	0.07%	0.06%
	LDOS	B	0.09%	0.1%	0.09%
	LEN	B	0.18%	0.1%	0.1%
	LEN	B	0.01%	0.1%	0.01%
	LHX	C	0.18%	0.21%	0.18%
	LIN	B	0.92%	0.52%	0.52%
	LKQ	F	0.04%	0.05%	0.04%
	LMT	C	0.33%	0.59%	0.33%
	LNT	B	0.06%	0.07%	0.06%
	LOW	B	0.57%	0.7%	0.57%
	LUV	C	0.07%	0.08%	0.07%
	LW	D	0.02%	0.02%	0.02%
	LYB	D	0.1%	0.12%	0.1%
	MAA	B	0.08%	0.09%	0.08%
	MAS	B	0.07%	0.04%	0.04%
	MCD	B	0.78%	0.57%	0.57%
	MCHP	F	0.17%	0.08%	0.08%
	MCK	F	0.17%	0.32%	0.17%
	MDLZ	B	0.39%	0.28%	0.28%
	MDT	C	0.47%	0.58%	0.47%
	MET	B	0.19%	0.22%	0.19%
	MGM	F	0.04%	0.01%	0.01%
	MHK	C	0.03%	0.04%	0.03%
	MKC	C	0.08%	0.1%	0.08%
	MKTX	C	0.04%	0.05%	0.04%
	MLM	D	0.12%	0.05%	0.05%
	MMC	C	0.39%	0.26%	0.26%
	MMM	B	0.24%	0.36%	0.24%
	MNST	D	0.03%	0.07%	0.03%
	MO	C	0.37%	0.44%	0.37%
	MOH	D	0.03%	0.04%	0.03%
	MOS	F	0.04%	0.04%	0.04%
	MPC	F	0.25%	0.12%	0.12%
	MRNA	F	0.1%	0.11%	0.1%
	MRO	C	0.07%	0.03%	0.03%
	MS	D	0.45%	0.59%	0.45%
	MSCI	C	0.08%	0.09%	0.08%
	MSI	B	0.15%	0.15%	0.15%
	MTB	B	0.11%	0.13%	0.11%
	MTCH	C	0.04%	0.05%	0.04%
	MTD	D	0.12%	0.09%	0.09%
	MU	F	0.43%	0.47%	0.43%
	NDAQ	A	0.12%	0.15%	0.12%
	NDSN	C	0.06%	0.07%	0.06%
	NEE	C	0.66%	0.83%	0.66%
	NEM	B	0.25%	0.3%	0.25%
	NI	B	0.06%	0.07%	0.06%
	NKE	D	0.15%	0.26%	0.15%
	NOC	B	0.29%	0.35%	0.29%
	NRG	C	0.04%	0.08%	0.04%
	NSC	C	0.23%	0.28%	0.23%
	NTAP	D	0.06%	0.07%	0.06%
	NTRS	A	0.07%	0.09%	0.07%
	NUE	F	0.15%	0.06%	0.06%
	NWS	D	0.01%	0.01%	0.01%
	NWSA	D	0.04%	0.05%	0.04%
	O	C	0.21%	0.26%	0.21%
	OKE	B	0.22%	0.1%	0.1%
	OMC	B	0.08%	0.09%	0.08%
	ON	D	0.13%	0.08%	0.08%
	ORLY	C	0.02%	0.09%	0.02%
	OTIS	C	0.15%	0.11%	0.11%
	OXY	F	0.15%	0.17%	0.15%
	PARA	F	0.03%	0.02%	0.02%
	PAYC	D	0.01%	0.02%	0.01%
	PAYX	C	0.11%	0.12%	0.11%
	PCAR	D	0.2%	0.07%	0.07%
	PCG	C	0.17%	0.2%	0.17%
	PEG	B	0.16%	0.2%	0.16%
	PEP	C	0.2%	0.76%	0.2%
	PFE	C	0.66%	0.8%	0.66%
	PFG	B	0.08%	0.08%	0.08%
	PG	C	1.26%	1.21%	1.21%
	PGR	B	0.09%	0.35%	0.09%
	PH	B	0.31%	0.08%	0.08%
	PKG	B	0.07%	0.09%	0.07%
	PLD	C	0.47%	0.59%	0.47%
	PM	C	0.77%	0.59%	0.59%
	PNC	B	0.29%	0.34%	0.29%
	PNR	B	0.06%	0.02%	0.02%
	PNW	C	0.04%	0.05%	0.04%
	PPG	D	0.12%	0.14%	0.12%
	PPL	C	0.09%	0.11%	0.09%
	PRU	C	0.17%	0.2%	0.17%
	PSA	B	0.18%	0.16%	0.16%
	PSX	F	0.24%	0.26%	0.24%
	PTC	D	0.03%	0.04%	0.03%
	PWR	B	0.11%	0.06%	0.06%
	PYPL	B	0.3%	0.36%	0.3%
	QCOM	D	0.05%	0.43%	0.05%
	QRVO	F	0.04%	0.05%	0.04%
	REG	C	0.05%	0.06%	0.05%
	REGN	C	0.46%	0.24%	0.24%
	RF	B	0.09%	0.1%	0.09%
	RJF	C	0.09%	0.11%	0.09%
	RL	C	0.03%	0.01%	0.01%
	RMD	C	0.1%	0.18%	0.1%
	ROK	D	0.11%	0.07%	0.07%
	ROP	C	0.24%	0.16%	0.16%
	RSG	D	0.17%	0.09%	0.09%
	RTX	C	0.66%	0.78%	0.66%
	SBAC	C	0.1%	0.07%	0.07%
	SBUX	C	0.1%	0.22%	0.1%
	SCHW	D	0.35%	0.45%	0.35%
	SHW	B	0.03%	0.21%	0.03%
	SJM	C	0.05%	0.06%	0.05%
	SLB	F	0.25%	0.28%	0.25%
	SNA	C	0.06%	0.04%	0.04%
	SO	B	0.38%	0.47%	0.38%
	SOLV	C	0.04%	0.05%	0.04%
	SPG	B	0.16%	0.16%	0.16%
	SPGI	B	0.64%	0.45%	0.45%
	SRE	C	0.21%	0.25%	0.21%
	STE	C	0.1%	0.05%	0.05%
	STLD	F	0.07%	0.03%	0.03%
	STT	A	0.11%	0.12%	0.11%
	STZ	D	0.15%	0.2%	0.15%
	SW	B	0.05%	0.11%	0.05%
	SWK	B	0.06%	0.07%	0.06%
	SWKS	D	0.07%	0.08%	0.07%
	SYF	C	0.08%	0.09%	0.08%
	SYK	C	0.37%	0.22%	0.22%
	SYY	D	0.06%	0.19%	0.06%
	T	C	0.57%	0.75%	0.57%
	TAP	D	0.04%	0.05%	0.04%
	TDY	B	0.08%	0.1%	0.08%
	TECH	C	0.05%	0.06%	0.05%
	TER	D	0.01%	0.1%	0.01%
	TFC	C	0.24%	0.27%	0.24%
	TFX	C	0.05%	0.06%	0.05%
	TGT	C	0.29%	0.33%	0.29%
	TJX	B	0.22%	0.23%	0.22%
	TMO	B	0.94%	0.71%	0.71%
	TMUS	C	0.39%	0.51%	0.39%
	TPR	C	0.04%	0.05%	0.04%
	TRMB	C	0.06%	0.07%	0.06%
	TROW	D	0.09%	0.11%	0.09%
	TRV	C	0.21%	0.26%	0.21%
	TSN	C	0.07%	0.09%	0.07%
	TT	B	0.22%	0.12%	0.12%
	TTWO	C	0.11%	0.06%	0.06%
	TXN	C	0.69%	0.55%	0.55%
	TXT	D	0.07%	0.08%	0.07%
	UAL	C	0.06%	0.08%	0.06%
	UDR	C	0.06%	0.07%	0.06%
	UHS	B	0.06%	0.07%	0.06%
	ULTA	D	0.01%	0.03%	0.01%
	UNH	C	2.03%	1.63%	1.63%
	UNP	C	0.33%	0.41%	0.33%
	UPS	D	0.38%	0.46%	0.38%
	USB	B	0.3%	0.33%	0.3%
	VICI	C	0.14%	0.17%	0.14%
	VLO	F	0.19%	0.21%	0.19%
	VLTO	C	0.06%	0.12%	0.06%
	VMC	D	0.1%	0.05%	0.05%
	VRSN	D	0.06%	0.04%	0.04%
	VRTX	D	0.26%	0.22%	0.22%
	VTR	C	0.1%	0.13%	0.1%
	VTRS	D	0.06%	0.07%	0.06%
	VZ	B	0.71%	0.9%	0.71%
	WAB	B	0.12%	0.14%	0.12%
	WAT	C	0.03%	0.06%	0.03%
	WBA	F	0.03%	0.03%	0.03%
	WBD	D	0.08%	0.08%	0.08%
	WDC	D	0.09%	0.1%	0.09%
	WEC	C	0.12%	0.15%	0.12%
	WELL	C	0.29%	0.37%	0.29%
	WFC	D	0.82%	0.87%	0.82%
	WMB	B	0.22%	0.16%	0.16%
	WMT	C	1.35%	1.65%	1.35%
	WRB	C	0.07%	0.08%	0.07%
	WTW	C	0.12%	0.14%	0.12%
	WY	C	0.09%	0.11%	0.09%
	XEL	B	0.14%	0.17%	0.14%
	XOM	C	2.12%	2.43%	2.12%
	XYL	C	0.13%	0.15%	0.13%
	YUM	D	0.09%	0.1%	0.09%
	ZBH	F	0.09%	0.1%	0.09%
	ZBRA	B	0.06%	0.08%	0.06%
	ZTS	C	0.06%	0.19%	0.06%

VONV Overweight 433 Positions Relative to SPYV

	Symbol	Grade	Weight
	AMD	D	0.33%
	KKR	B	0.24%
	TDG	B	0.24%
	MRVL	C	0.24%
	MAR	C	0.22%
	DHI	B	0.22%
	ACGL	C	0.16%
	URI	B	0.15%
	ROST	C	0.15%
	FANG	D	0.14%
	CRM	D	0.14%
	HLT	B	0.11%
	NVR	B	0.11%
	PHM	B	0.11%
	DELL	D	0.1%
	FCNCA	D	0.1%
	RCL	B	0.1%
	FTV	C	0.1%
	SQ	D	0.09%
	BLDR	C	0.08%
	MSTR	D	0.08%
	LNG	C	0.08%
	ILMN	C	0.08%
	RS	D	0.07%
	WSO	C	0.07%
	SUI	B	0.07%
	ZM	C	0.07%
	BMRN	F	0.07%
	CSL	B	0.07%
	AVTR	B	0.07%
	TRU	B	0.07%
	GGG	C	0.06%
	RGA	C	0.06%
	OC	D	0.06%
	TOL	B	0.06%
	APO	C	0.06%
	FNF	B	0.06%
	MKL	C	0.06%
	RBA	B	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%
	ITT	B	0.05%
	BLD	D	0.05%
	OVV	F	0.05%
	FTI	D	0.05%
	EWBC	D	0.05%
	CUBE	B	0.05%
	RIVN	F	0.05%
	CW	B	0.05%
	DKS	D	0.05%
	CLH	A	0.05%
	WPC	C	0.05%
	RNR	C	0.05%
	AMAT	D	0.05%
	HOOD	C	0.05%
	IBKR	B	0.05%
	ELS	C	0.05%
	AMH	C	0.05%
	GLPI	C	0.05%
	USFD	B	0.05%
	ACM	B	0.05%
	HES	F	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%
	EGP	B	0.04%
	FTNT	C	0.04%
	WST	D	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%
	CHRD	F	0.04%
	EHC	C	0.04%
	RGLD	C	0.04%
	AFG	B	0.04%
	ARMK	B	0.04%
	TTC	D	0.04%
	OHI	B	0.04%
	PFGC	B	0.04%
	CHK	D	0.04%
	WTRG	D	0.04%
	WWD	D	0.04%
	TTEK	C	0.04%
	DOX	C	0.04%
	AFRM	C	0.04%
	QGEN	C	0.04%
	ATR	B	0.04%
	ALLY	F	0.04%
	COHR	C	0.04%
	APA	F	0.04%
	CVNA	B	0.04%
	BJ	D	0.04%
	CCK	A	0.04%
	UNM	B	0.04%
	CACI	B	0.04%
	CE	F	0.04%
	REXR	C	0.04%
	NTNX	C	0.04%
	EME	B	0.04%
	CASY	D	0.04%
	RRX	C	0.04%
	SCI	B	0.04%
	R	A	0.03%
	GME	F	0.03%
	VFC	C	0.03%
	FAF	B	0.03%
	RHI	D	0.03%
	FICO	B	0.03%
	WMS	D	0.03%
	LSTR	D	0.03%
	MAT	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%
	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%
	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%
	WYNN	D	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%
	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%
	AA	D	0.03%
	TKO	B	0.03%
	APG	D	0.03%
	WBS	D	0.03%
	ALSN	B	0.03%
	BKNG	C	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%
	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%
	TYL	C	0.02%
	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%
	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%
	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%
	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%
	CPRT	D	0.01%
	PK	D	0.01%
	TPG	B	0.01%
	PLNT	B	0.01%
	NXST	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%
	UA	D	0.0%
	WOLF	F	0.0%
	EXEL	C	0.0%
	DV	F	0.0%

VONV Underweight 26 Positions Relative to SPYV

	Symbol	Grade	Weight
	COST	B	-1.14%
	MRK	D	-0.85%
	V	C	-0.74%
	MA	B	-0.55%
	AMT	C	-0.32%
	ISRG	B	-0.29%
	CME	C	-0.24%
	WM	D	-0.2%
	MCO	B	-0.19%
	BX	B	-0.14%
	ABNB	D	-0.13%
	ADSK	C	-0.13%
	TEL	D	-0.13%
	CLX	C	-0.1%
	IDXX	C	-0.09%
	VRSK	D	-0.08%
	TSCO	C	-0.08%
	NXPI	F	-0.07%
	STX	C	-0.06%
	PODD	B	-0.05%
	DXCM	F	-0.05%
	ROL	C	-0.04%
	ENPH	D	-0.04%
	POOL	C	-0.03%
	LVS	D	-0.03%
	DVA	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

SPYV: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Banks - Regional - US Capital Markets Packaged Foods Semiconductors Drug Manufacturers - Major Medical Devices Specialty Retail Aerospace & Defense Credit Services Health Care Plans Household & Personal Products Insurance - Property & Casualty Medical Instruments & Supplies Oil & Gas E&P REIT - Residential

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