VONV vs. SSPY ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Syntax Stratified LargeCap ETF (SSPY)

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

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$80.43

Average Daily Volume

2,704

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	VONV	SSPY
30 Days	3.44%	3.30%
60 Days	5.25%	5.09%
90 Days	8.24%	6.57%
12 Months	23.07%	21.73%

433 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in SSPY	Overlap
	A	C	0.17%	0.15%	0.15%
	AAL	D	0.03%	0.19%	0.03%
	ABBV	C	0.79%	0.29%	0.29%
	ABT	C	0.79%	0.07%	0.07%
	ACGL	C	0.16%	0.16%	0.16%
	ACN	C	0.86%	0.16%	0.16%
	ADI	C	0.47%	0.21%	0.21%
	ADM	D	0.12%	0.37%	0.12%
	ADP	B	0.03%	0.25%	0.03%
	AEE	C	0.09%	0.09%	0.09%
	AEP	C	0.21%	0.29%	0.21%
	AES	C	0.05%	0.25%	0.05%
	AFL	C	0.25%	0.25%	0.25%
	AIG	D	0.21%	0.25%	0.21%
	AIZ	B	0.04%	0.29%	0.04%
	AJG	D	0.24%	0.04%	0.04%
	AKAM	D	0.06%	0.28%	0.06%
	ALB	D	0.04%	0.04%	0.04%
	ALGN	D	0.03%	0.09%	0.03%
	ALL	B	0.17%	0.3%	0.17%
	ALLE	B	0.05%	0.09%	0.05%
	AMAT	D	0.05%	0.12%	0.05%
	AMCR	B	0.07%	0.14%	0.07%
	AMD	D	0.33%	0.12%	0.12%
	AME	C	0.16%	0.12%	0.12%
	AMGN	B	0.16%	0.27%	0.16%
	AMP	A	0.02%	0.09%	0.02%
	ANSS	D	0.11%	0.16%	0.11%
	AON	B	0.27%	0.04%	0.04%
	AOS	D	0.04%	0.18%	0.04%
	APA	F	0.04%	0.06%	0.04%
	APD	B	0.25%	0.05%	0.05%
	APH	D	0.13%	0.17%	0.13%
	APTV	D	0.08%	0.37%	0.08%
	ARE	C	0.08%	0.11%	0.08%
	ATO	B	0.08%	0.38%	0.08%
	AVB	B	0.13%	0.12%	0.12%
	AVY	C	0.04%	0.06%	0.04%
	AWK	B	0.11%	0.38%	0.11%
	AXP	B	0.37%	0.05%	0.05%
	AZO	D	0.02%	0.15%	0.02%
	BA	F	0.34%	0.15%	0.15%
	BAC	D	1.11%	0.13%	0.13%
	BALL	C	0.08%	0.12%	0.08%
	BAX	C	0.08%	0.06%	0.06%
	BBWI	F	0.03%	0.11%	0.03%
	BBY	C	0.09%	0.19%	0.09%
	BDX	D	0.28%	0.05%	0.05%
	BEN	F	0.02%	0.07%	0.02%
	BG	D	0.06%	0.36%	0.06%
	BIIB	F	0.12%	0.21%	0.12%
	BIO	C	0.03%	0.1%	0.03%
	BK	B	0.2%	0.13%	0.13%
	BKNG	C	0.03%	0.12%	0.03%
	BKR	C	0.14%	0.36%	0.14%
	BLDR	C	0.08%	0.21%	0.08%
	BLK	B	0.53%	0.09%	0.09%
	BMY	C	0.41%	0.29%	0.29%
	BR	D	0.01%	0.12%	0.01%
	BRK.A	C	3.5%	0.57%	0.57%
	BRO	C	0.06%	0.04%	0.04%
	BSX	B	0.48%	0.07%	0.07%
	BWA	D	0.03%	0.38%	0.03%
	BXP	B	0.05%	0.13%	0.05%
	C	C	0.48%	0.13%	0.13%
	CAG	C	0.06%	0.25%	0.06%
	CAH	C	0.04%	0.22%	0.04%
	CARR	B	0.2%	0.08%	0.08%
	CAT	B	0.6%	0.13%	0.13%
	CB	B	0.46%	0.16%	0.16%
	CBOE	C	0.09%	0.05%	0.05%
	CBRE	A	0.14%	0.05%	0.05%
	CCI	C	0.2%	0.08%	0.08%
	CCL	C	0.07%	0.09%	0.07%
	CDW	D	0.06%	0.12%	0.06%
	CE	F	0.04%	0.06%	0.04%
	CEG	C	0.21%	0.24%	0.21%
	CF	C	0.06%	0.09%	0.06%
	CFG	C	0.08%	0.07%	0.07%
	CHD	D	0.1%	0.42%	0.1%
	CHRW	B	0.05%	0.1%	0.05%
	CHTR	D	0.13%	0.59%	0.13%
	CI	C	0.37%	0.21%	0.21%
	CINF	B	0.08%	0.17%	0.08%
	CL	D	0.16%	0.48%	0.16%
	CMCSA	D	0.62%	0.53%	0.53%
	CMI	C	0.17%	0.08%	0.08%
	CMS	C	0.08%	0.09%	0.08%
	CNC	D	0.17%	0.27%	0.17%
	CNP	C	0.07%	0.22%	0.07%
	COF	B	0.22%	0.71%	0.22%
	COP	D	0.54%	0.07%	0.07%
	CPB	C	0.04%	0.25%	0.04%
	CPRT	D	0.01%	0.21%	0.01%
	CPT	B	0.05%	0.12%	0.05%
	CRL	F	0.04%	0.13%	0.04%
	CRM	D	0.14%	0.35%	0.14%
	CSCO	C	0.82%	0.21%	0.21%
	CSGP	D	0.13%	0.04%	0.04%
	CSX	D	0.27%	0.09%	0.09%
	CTAS	B	0.01%	0.22%	0.01%
	CTLT	B	0.04%	0.27%	0.04%
	CTRA	D	0.07%	0.14%	0.07%
	CTSH	C	0.16%	0.16%	0.16%
	CTVA	B	0.16%	0.09%	0.09%
	CVS	D	0.29%	0.62%	0.29%
	CVX	D	1.02%	0.69%	0.69%
	CZR	C	0.03%	0.07%	0.03%
	D	C	0.19%	0.28%	0.19%
	DAL	C	0.11%	0.17%	0.11%
	DAY	D	0.03%	0.25%	0.03%
	DD	B	0.14%	0.05%	0.05%
	DE	B	0.39%	0.13%	0.13%
	DFS	B	0.14%	0.73%	0.14%
	DG	F	0.07%	0.11%	0.07%
	DGX	B	0.07%	0.18%	0.07%
	DHI	B	0.22%	0.33%	0.22%
	DHR	B	0.72%	0.09%	0.09%
	DIS	D	0.67%	0.18%	0.18%
	DLR	B	0.2%	0.26%	0.2%
	DLTR	F	0.07%	0.11%	0.07%
	DOC	C	0.06%	0.12%	0.06%
	DOV	B	0.1%	0.17%	0.1%
	DOW	D	0.15%	0.06%	0.06%
	DPZ	F	0.04%	0.4%	0.04%
	DRI	B	0.04%	0.52%	0.04%
	DTE	C	0.1%	0.28%	0.1%
	DUK	C	0.35%	0.09%	0.09%
	DVN	F	0.11%	0.15%	0.11%
	EA	D	0.16%	0.53%	0.16%
	EBAY	B	0.12%	0.17%	0.12%
	ECL	B	0.03%	0.05%	0.03%
	ED	C	0.14%	0.29%	0.14%
	EFX	B	0.12%	0.05%	0.05%
	EG	C	0.06%	0.15%	0.06%
	EIX	C	0.13%	0.29%	0.13%
	EL	F	0.05%	0.33%	0.05%
	ELV	C	0.44%	0.27%	0.27%
	EMN	B	0.05%	0.05%	0.05%
	EMR	D	0.24%	0.03%	0.03%
	EOG	D	0.3%	0.07%	0.07%
	EPAM	F	0.04%	0.15%	0.04%
	EQIX	C	0.3%	0.29%	0.29%
	EQR	B	0.11%	0.12%	0.11%
	EQT	D	0.07%	0.13%	0.07%
	ES	C	0.1%	0.09%	0.09%
	ESS	B	0.08%	0.12%	0.08%
	ETN	C	0.49%	0.23%	0.23%
	ETR	B	0.1%	0.28%	0.1%
	ETSY	F	0.01%	0.13%	0.01%
	EVRG	B	0.05%	0.09%	0.05%
	EW	F	0.14%	0.05%	0.05%
	EXC	C	0.15%	0.33%	0.15%
	EXPD	C	0.06%	0.08%	0.06%
	EXR	B	0.15%	0.12%	0.12%
	F	F	0.18%	0.23%	0.18%
	FANG	D	0.14%	0.07%	0.07%
	FAST	C	0.02%	0.13%	0.02%
	FCX	D	0.25%	0.21%	0.21%
	FDS	C	0.04%	0.04%	0.04%
	FDX	C	0.27%	0.09%	0.09%
	FE	C	0.1%	0.29%	0.1%
	FFIV	B	0.05%	0.24%	0.05%
	FICO	B	0.03%	0.06%	0.03%
	FIS	B	0.19%	0.06%	0.06%
	FITB	B	0.12%	0.07%	0.07%
	FMC	C	0.03%	0.09%	0.03%
	FOX	B	0.02%	0.12%	0.02%
	FOXA	B	0.04%	0.12%	0.04%
	FRT	C	0.04%	0.08%	0.04%
	FSLR	C	0.1%	0.14%	0.1%
	FTNT	C	0.04%	0.21%	0.04%
	FTV	C	0.1%	0.03%	0.03%
	GD	B	0.33%	0.17%	0.17%
	GE	B	0.6%	0.18%	0.18%
	GEHC	C	0.13%	0.09%	0.09%
	GEV	B	0.22%	0.2%	0.2%
	GILD	B	0.4%	0.3%	0.3%
	GIS	B	0.16%	0.24%	0.16%
	GL	C	0.04%	0.26%	0.04%
	GLW	C	0.13%	0.21%	0.13%
	GM	C	0.23%	0.25%	0.23%
	GNRC	D	0.02%	0.08%	0.02%
	GPC	D	0.08%	0.15%	0.08%
	GPN	D	0.11%	0.05%	0.05%
	GRMN	D	0.11%	0.38%	0.11%
	GS	C	0.47%	0.27%	0.27%
	GWW	B	0.02%	0.14%	0.02%
	HAL	F	0.11%	0.29%	0.11%
	HAS	B	0.0%	0.27%	0.0%
	HBAN	B	0.09%	0.07%	0.07%
	HCA	B	0.23%	0.38%	0.23%
	HD	B	0.3%	0.26%	0.26%
	HES	F	0.05%	0.06%	0.05%
	HIG	B	0.14%	0.17%	0.14%
	HII	D	0.04%	0.09%	0.04%
	HLT	B	0.11%	0.11%	0.11%
	HOLX	B	0.08%	0.1%	0.08%
	HON	D	0.46%	0.16%	0.16%
	HPE	D	0.1%	0.16%	0.1%
	HPQ	D	0.11%	0.32%	0.11%
	HRL	C	0.04%	0.4%	0.04%
	HSIC	C	0.04%	0.21%	0.04%
	HST	C	0.05%	0.1%	0.05%
	HSY	C	0.1%	0.2%	0.1%
	HUBB	B	0.09%	0.25%	0.09%
	HUM	F	0.17%	0.26%	0.17%
	HWM	B	0.15%	0.09%	0.09%
	IBM	B	0.74%	0.4%	0.4%
	ICE	C	0.37%	0.05%	0.05%
	IEX	D	0.06%	0.19%	0.06%
	IFF	B	0.11%	0.05%	0.05%
	INCY	C	0.05%	0.25%	0.05%
	INTC	F	0.38%	0.08%	0.08%
	INVH	C	0.09%	0.11%	0.09%
	IP	B	0.07%	0.07%	0.07%
	IPG	C	0.05%	0.35%	0.05%
	IQV	C	0.16%	0.16%	0.16%
	IR	C	0.15%	0.18%	0.15%
	IRM	C	0.06%	0.08%	0.06%
	ITW	C	0.19%	0.17%	0.17%
	IVZ	B	0.03%	0.09%	0.03%
	J	C	0.08%	0.39%	0.08%
	JBHT	D	0.06%	0.09%	0.06%
	JBL	D	0.05%	0.29%	0.05%
	JCI	B	0.17%	0.07%	0.07%
	JKHY	B	0.05%	0.06%	0.05%
	JNJ	C	1.61%	0.29%	0.29%
	JNPR	B	0.05%	0.22%	0.05%
	JPM	D	2.59%	0.14%	0.14%
	K	B	0.08%	0.26%	0.08%
	KDP	B	0.16%	0.27%	0.16%
	KEY	B	0.06%	0.07%	0.06%
	KEYS	C	0.11%	0.21%	0.11%
	KHC	C	0.13%	0.24%	0.13%
	KIM	C	0.06%	0.08%	0.06%
	KKR	B	0.24%	0.09%	0.09%
	KMB	D	0.11%	0.45%	0.11%
	KMI	B	0.17%	0.27%	0.17%
	KMX	D	0.05%	0.17%	0.05%
	KO	C	0.48%	0.29%	0.29%
	KR	C	0.14%	0.77%	0.14%
	KVUE	C	0.17%	0.55%	0.17%
	L	C	0.06%	0.54%	0.06%
	LDOS	B	0.09%	0.14%	0.09%
	LEN	B	0.01%	0.29%	0.01%
	LEN	B	0.18%	0.29%	0.18%
	LHX	C	0.18%	0.09%	0.09%
	LIN	B	0.92%	0.05%	0.05%
	LKQ	F	0.04%	0.15%	0.04%
	LMT	C	0.33%	0.1%	0.1%
	LNT	B	0.06%	0.09%	0.06%
	LOW	B	0.57%	0.27%	0.27%
	LUV	C	0.07%	0.2%	0.07%
	LW	D	0.02%	0.16%	0.02%
	LYB	D	0.1%	0.07%	0.07%
	MAA	B	0.08%	0.13%	0.08%
	MAR	C	0.22%	0.11%	0.11%
	MAS	B	0.07%	0.21%	0.07%
	MCD	B	0.78%	0.57%	0.57%
	MCHP	F	0.17%	0.11%	0.11%
	MCK	F	0.17%	0.17%	0.17%
	MDLZ	B	0.39%	0.21%	0.21%
	MDT	C	0.47%	0.07%	0.07%
	MET	B	0.19%	0.22%	0.19%
	MGM	F	0.04%	0.06%	0.04%
	MHK	C	0.03%	0.25%	0.03%
	MKC	C	0.08%	0.26%	0.08%
	MKTX	C	0.04%	0.06%	0.04%
	MLM	D	0.12%	0.15%	0.12%
	MMC	C	0.39%	0.04%	0.04%
	MMM	B	0.24%	0.21%	0.21%
	MNST	D	0.03%	0.26%	0.03%
	MO	C	0.37%	0.46%	0.37%
	MOH	D	0.03%	0.28%	0.03%
	MOS	F	0.04%	0.08%	0.04%
	MPC	F	0.25%	0.48%	0.25%
	MRNA	F	0.1%	0.14%	0.1%
	MRO	C	0.07%	0.07%	0.07%
	MS	D	0.45%	0.26%	0.26%
	MSCI	C	0.08%	0.05%	0.05%
	MSI	B	0.15%	0.58%	0.15%
	MTB	B	0.11%	0.07%	0.07%
	MTCH	C	0.04%	0.51%	0.04%
	MTD	D	0.12%	0.13%	0.12%
	MU	F	0.43%	0.08%	0.08%
	NDAQ	A	0.12%	0.05%	0.05%
	NDSN	C	0.06%	0.03%	0.03%
	NEE	C	0.66%	0.28%	0.28%
	NEM	B	0.25%	0.31%	0.25%
	NI	B	0.06%	0.39%	0.06%
	NKE	D	0.15%	0.25%	0.15%
	NOC	B	0.29%	0.1%	0.1%
	NRG	C	0.04%	0.3%	0.04%
	NSC	C	0.23%	0.1%	0.1%
	NTAP	D	0.06%	0.18%	0.06%
	NTRS	A	0.07%	0.09%	0.07%
	NUE	F	0.15%	0.23%	0.15%
	NVR	B	0.11%	0.29%	0.11%
	NWS	D	0.01%	0.1%	0.01%
	NWSA	D	0.04%	0.1%	0.04%
	O	C	0.21%	0.08%	0.08%
	OKE	B	0.22%	0.29%	0.22%
	OMC	B	0.08%	0.37%	0.08%
	ON	D	0.13%	0.21%	0.13%
	ORLY	C	0.02%	0.17%	0.02%
	OTIS	C	0.15%	0.07%	0.07%
	OXY	F	0.15%	0.06%	0.06%
	PARA	F	0.03%	0.2%	0.03%
	PAYC	D	0.01%	0.25%	0.01%
	PAYX	C	0.11%	0.24%	0.11%
	PCAR	D	0.2%	0.11%	0.11%
	PCG	C	0.17%	0.08%	0.08%
	PEG	B	0.16%	0.28%	0.16%
	PEP	C	0.2%	0.2%	0.2%
	PFE	C	0.66%	0.27%	0.27%
	PFG	B	0.08%	0.21%	0.08%
	PG	C	1.26%	0.45%	0.45%
	PGR	B	0.09%	0.31%	0.09%
	PH	B	0.31%	0.09%	0.09%
	PHM	B	0.11%	0.29%	0.11%
	PKG	B	0.07%	0.07%	0.07%
	PLD	C	0.47%	0.08%	0.08%
	PM	C	0.77%	0.47%	0.47%
	PNC	B	0.29%	0.07%	0.07%
	PNR	B	0.06%	0.21%	0.06%
	PNW	C	0.04%	0.09%	0.04%
	PPG	D	0.12%	0.07%	0.07%
	PPL	C	0.09%	0.09%	0.09%
	PRU	C	0.17%	0.2%	0.17%
	PSA	B	0.18%	0.14%	0.14%
	PSX	F	0.24%	0.47%	0.24%
	PTC	D	0.03%	0.16%	0.03%
	PWR	B	0.11%	0.34%	0.11%
	PYPL	B	0.3%	0.06%	0.06%
	QCOM	D	0.05%	0.17%	0.05%
	QRVO	F	0.04%	0.21%	0.04%
	RCL	B	0.1%	0.09%	0.09%
	REG	C	0.05%	0.08%	0.05%
	REGN	C	0.46%	0.27%	0.27%
	RF	B	0.09%	0.07%	0.07%
	RJF	C	0.09%	0.25%	0.09%
	RL	C	0.03%	0.29%	0.03%
	RMD	C	0.1%	0.12%	0.1%
	ROK	D	0.11%	0.03%	0.03%
	ROP	C	0.24%	0.03%	0.03%
	ROST	C	0.15%	0.77%	0.15%
	RSG	D	0.17%	0.2%	0.17%
	RTX	C	0.66%	0.1%	0.1%
	SBAC	C	0.1%	0.08%	0.08%
	SBUX	C	0.1%	0.58%	0.1%
	SCHW	D	0.35%	0.21%	0.21%
	SHW	B	0.03%	0.08%	0.03%
	SJM	C	0.05%	0.23%	0.05%
	SLB	F	0.25%	0.31%	0.25%
	SNA	C	0.06%	0.26%	0.06%
	SO	B	0.38%	0.09%	0.09%
	SOLV	C	0.04%	0.06%	0.04%
	SPG	B	0.16%	0.07%	0.07%
	SPGI	B	0.64%	0.05%	0.05%
	SRE	C	0.21%	0.08%	0.08%
	STE	C	0.1%	0.14%	0.1%
	STLD	F	0.07%	0.23%	0.07%
	STT	A	0.11%	0.13%	0.11%
	STZ	D	0.15%	0.25%	0.15%
	SW	B	0.05%	0.06%	0.05%
	SWK	B	0.06%	0.29%	0.06%
	SWKS	D	0.07%	0.21%	0.07%
	SYF	C	0.08%	0.77%	0.08%
	SYK	C	0.37%	0.13%	0.13%
	SYY	D	0.06%	0.83%	0.06%
	T	C	0.57%	0.4%	0.4%
	TAP	D	0.04%	0.28%	0.04%
	TDG	B	0.24%	0.07%	0.07%
	TDY	B	0.08%	0.04%	0.04%
	TECH	C	0.05%	0.14%	0.05%
	TER	D	0.01%	0.14%	0.01%
	TFC	C	0.24%	0.07%	0.07%
	TFX	C	0.05%	0.06%	0.05%
	TGT	C	0.29%	0.18%	0.18%
	TJX	B	0.22%	0.81%	0.22%
	TMO	B	0.94%	0.16%	0.16%
	TMUS	C	0.39%	0.37%	0.37%
	TPR	C	0.04%	0.3%	0.04%
	TRMB	C	0.06%	0.03%	0.03%
	TROW	D	0.09%	0.07%	0.07%
	TRV	C	0.21%	0.17%	0.17%
	TSN	C	0.07%	0.46%	0.07%
	TT	B	0.22%	0.08%	0.08%
	TTWO	C	0.11%	0.49%	0.11%
	TXN	C	0.69%	0.23%	0.23%
	TXT	D	0.07%	0.17%	0.07%
	TYL	C	0.02%	0.41%	0.02%
	UAL	C	0.06%	0.18%	0.06%
	UDR	C	0.06%	0.12%	0.06%
	UHS	B	0.06%	0.4%	0.06%
	ULTA	D	0.01%	0.16%	0.01%
	UNH	C	2.03%	0.32%	0.32%
	UNP	C	0.33%	0.09%	0.09%
	UPS	D	0.38%	0.08%	0.08%
	URI	B	0.15%	0.14%	0.14%
	USB	B	0.3%	0.06%	0.06%
	VICI	C	0.14%	0.08%	0.08%
	VLO	F	0.19%	0.45%	0.19%
	VLTO	C	0.06%	0.03%	0.03%
	VMC	D	0.1%	0.15%	0.1%
	VRSN	D	0.06%	0.27%	0.06%
	VRTX	D	0.26%	0.25%	0.25%
	VTR	C	0.1%	0.14%	0.1%
	VTRS	D	0.06%	0.27%	0.06%
	VZ	B	0.71%	0.36%	0.36%
	WAB	B	0.12%	0.13%	0.12%
	WAT	C	0.03%	0.16%	0.03%
	WBA	F	0.03%	0.38%	0.03%
	WBD	D	0.08%	0.2%	0.08%
	WDC	D	0.09%	0.16%	0.09%
	WEC	C	0.12%	0.09%	0.09%
	WELL	C	0.29%	0.14%	0.14%
	WFC	D	0.82%	0.12%	0.12%
	WMB	B	0.22%	0.27%	0.22%
	WMT	C	1.35%	0.86%	0.86%
	WRB	C	0.07%	0.16%	0.07%
	WST	D	0.04%	0.05%	0.04%
	WTW	C	0.12%	0.04%	0.04%
	WY	C	0.09%	0.17%	0.09%
	WYNN	D	0.03%	0.06%	0.03%
	XEL	B	0.14%	0.09%	0.09%
	XOM	C	2.12%	0.79%	0.79%
	XYL	C	0.13%	0.18%	0.13%
	YUM	D	0.09%	0.49%	0.09%
	ZBH	F	0.09%	0.12%	0.09%
	ZBRA	B	0.06%	0.13%	0.06%
	ZTS	C	0.06%	0.28%	0.06%

VONV Overweight 406 Positions Relative to SSPY

	Symbol	Grade	Weight
	MRVL	C	0.24%
	DELL	D	0.1%
	FCNCA	D	0.1%
	SQ	D	0.09%
	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%
	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%
	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%
	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%
	CVNA	B	0.04%
	BJ	D	0.04%
	CCK	A	0.04%
	UNM	B	0.04%
	CACI	B	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%
	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%
	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%
	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%
	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%
	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 64 Positions Relative to SSPY

	Symbol	Grade	Weight
	COST	B	-0.78%
	CLX	C	-0.53%
	AAPL	C	-0.52%
	META	B	-0.44%
	CMG	C	-0.42%
	NOW	B	-0.39%
	ORCL	C	-0.34%
	TRGP	B	-0.3%
	TSLA	C	-0.3%
	MSFT	C	-0.3%
	GDDY	C	-0.29%
	CDNS	D	-0.27%
	VST	C	-0.26%
	LLY	C	-0.26%
	SNPS	D	-0.26%
	DECK	C	-0.26%
	LULU	D	-0.24%
	MPWR	C	-0.23%
	INTU	C	-0.23%
	NFLX	B	-0.22%
	MRK	D	-0.22%
	ENPH	D	-0.21%
	ANET	B	-0.2%
	GOOG	D	-0.19%
	GOOGL	D	-0.19%
	ADSK	C	-0.19%
	NXPI	F	-0.19%
	ROL	C	-0.19%
	WM	D	-0.19%
	STX	C	-0.19%
	PANW	D	-0.18%
	ADBE	F	-0.18%
	TEL	D	-0.18%
	AVGO	C	-0.18%
	IT	B	-0.15%
	KLAC	D	-0.14%
	AMZN	C	-0.14%
	ISRG	B	-0.14%
	POOL	C	-0.13%
	EXPE	C	-0.12%
	DVA	B	-0.12%
	LRCX	F	-0.12%
	TSCO	C	-0.12%
	CRWD	D	-0.11%
	NVDA	D	-0.11%
	PODD	B	-0.11%
	UBER	C	-0.11%
	BX	B	-0.1%
	SMCI	F	-0.1%
	AXON	B	-0.1%
	ABNB	D	-0.09%
	NCLH	C	-0.09%
	LYV	B	-0.09%
	ODFL	D	-0.09%
	AMT	C	-0.08%
	IDXX	C	-0.08%
	DXCM	F	-0.06%
	LVS	D	-0.06%
	V	C	-0.05%
	MCO	B	-0.05%
	MA	B	-0.05%
	CME	C	-0.05%
	CPAY	B	-0.05%
	VRSK	D	-0.04%

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

SSPY: Top Represented Industries & Keywords

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

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