VONV vs. VYM ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Vanguard High Dividend Yield ETF - DNQ (VYM)

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

VYM

Vanguard High Dividend Yield ETF - DNQ

VYM Description

The investment seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that are characterized by high dividend yield. The fund employs an indexing investment approach designed to track the performance of the FTSE® High Dividend Yield Index, which consists of common stocks of companies that pay dividends that generally are higher than average. 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

$133.62

Average Daily Volume

791,255

Number of Holdings ^*

529

* may have additional holdings in another (foreign) market

Performance

Period	VONV	VYM
30 Days	3.51%	3.01%
60 Days	4.96%	4.74%
90 Days	7.00%	6.95%
12 Months	29.73%	30.40%

336 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in VYM	Overlap
	AAP	C	0.01%	0.01%	0.01%
	ABBV	D	0.82%	2.05%	0.82%
	ABT	B	0.78%	1.11%	0.78%
	ACI	C	0.03%	0.04%	0.03%
	ADI	D	0.44%	0.63%	0.44%
	ADM	D	0.11%	0.15%	0.11%
	ADP	B	0.03%	0.67%	0.03%
	ADTN	A	0.01%	0.01%	0.01%
	AEE	A	0.09%	0.13%	0.09%
	AEP	D	0.21%	0.3%	0.21%
	AES	F	0.05%	0.07%	0.05%
	AFG	A	0.04%	0.05%	0.04%
	AFL	B	0.23%	0.33%	0.23%
	AGCO	D	0.02%	0.04%	0.02%
	AGO	B	0.02%	0.02%	0.02%
	AGR	B	0.01%	0.01%	0.01%
	AIG	B	0.2%	0.28%	0.2%
	AIZ	A	0.04%	0.06%	0.04%
	AL	B	0.02%	0.03%	0.02%
	ALL	A	0.17%	0.28%	0.17%
	ALLY	C	0.03%	0.05%	0.03%
	AM	A	0.01%	0.03%	0.01%
	AMGN	D	0.15%	0.97%	0.15%
	AMP	A	0.02%	0.29%	0.02%
	APA	D	0.03%	0.05%	0.03%
	APD	A	0.28%	0.39%	0.28%
	APO	B	0.08%	0.42%	0.08%
	ATO	A	0.08%	0.12%	0.08%
	AVT	C	0.02%	0.03%	0.02%
	AWK	D	0.11%	0.15%	0.11%
	AXS	A	0.02%	0.03%	0.02%
	BAC	A	1.14%	1.61%	1.14%
	BAX	D	0.07%	0.1%	0.07%
	BBWI	D	0.03%	0.04%	0.03%
	BBY	D	0.08%	0.11%	0.08%
	BC	C	0.02%	0.03%	0.02%
	BEN	C	0.02%	0.03%	0.02%
	BERY	B	0.03%	0.05%	0.03%
	BG	F	0.05%	0.07%	0.05%
	BK	A	0.22%	0.32%	0.22%
	BKR	B	0.15%	0.22%	0.15%
	BLK	C	0.58%	0.82%	0.58%
	BMY	B	0.45%	0.64%	0.45%
	BOKF	B	0.01%	0.01%	0.01%
	BPOP	B	0.02%	0.04%	0.02%
	C	A	0.49%	0.7%	0.49%
	CAG	D	0.06%	0.08%	0.06%
	CAH	B	0.04%	0.15%	0.04%
	CAT	B	0.63%	1.04%	0.63%
	CB	C	0.46%	0.65%	0.46%
	CBSH	A	0.03%	0.04%	0.03%
	CC	C	0.01%	0.02%	0.01%
	CE	F	0.04%	0.06%	0.04%
	CF	B	0.06%	0.08%	0.06%
	CFG	B	0.08%	0.11%	0.08%
	CFR	B	0.03%	0.04%	0.03%
	CG	A	0.04%	0.06%	0.04%
	CHRD	D	0.03%	0.04%	0.03%
	CHRW	C	0.05%	0.07%	0.05%
	CI	F	0.32%	0.5%	0.32%
	CINF	A	0.09%	0.12%	0.09%
	CIVI	D	0.01%	0.03%	0.01%
	CL	D	0.14%	0.43%	0.14%
	CMA	A	0.03%	0.05%	0.03%
	CMCSA	B	0.67%	0.95%	0.67%
	CME	A	0.32%	0.46%	0.32%
	CMI	A	0.18%	0.25%	0.18%
	CMS	C	0.08%	0.12%	0.08%
	CNA	B	0.0%	0.01%	0.0%
	CNH	C	0.04%	0.06%	0.04%
	CNP	B	0.07%	0.11%	0.07%
	COLB	A	0.02%	0.03%	0.02%
	COP	C	0.51%	0.73%	0.51%
	CPB	D	0.04%	0.05%	0.04%
	CRBG	B	0.03%	0.05%	0.03%
	CRI	D	0.01%	0.01%	0.01%
	CSCO	B	0.89%	1.26%	0.89%
	CTRA	B	0.07%	0.1%	0.07%
	CVS	D	0.29%	0.4%	0.29%
	CVX	A	1.03%	1.41%	1.03%
	CWEN	C	0.0%	0.01%	0.0%
	CWEN	C	0.0%	0.01%	0.0%
	CWEN	C	0.01%	0.01%	0.01%
	CWEN	C	0.01%	0.01%	0.01%
	CXT	B	0.01%	0.02%	0.01%
	D	C	0.2%	0.28%	0.2%
	DD	D	0.14%	0.2%	0.14%
	DDS	B	0.0%	0.01%	0.0%
	DFS	B	0.15%	0.21%	0.15%
	DGX	A	0.07%	0.1%	0.07%
	DINO	D	0.02%	0.03%	0.02%
	DKS	C	0.04%	0.06%	0.04%
	DNB	B	0.01%	0.02%	0.01%
	DOW	F	0.14%	0.2%	0.14%
	DOX	D	0.04%	0.06%	0.04%
	DRI	B	0.04%	0.11%	0.04%
	DTE	C	0.1%	0.15%	0.1%
	DTM	B	0.04%	0.05%	0.04%
	DUK	C	0.36%	0.5%	0.36%
	DVN	F	0.1%	0.14%	0.1%
	EBAY	D	0.12%	0.16%	0.12%
	ED	D	0.14%	0.2%	0.14%
	EG	C	0.05%	0.09%	0.05%
	EIX	B	0.13%	0.18%	0.13%
	EL	F	0.04%	0.09%	0.04%
	EMN	D	0.05%	0.07%	0.05%
	EMR	A	0.25%	0.35%	0.25%
	EOG	A	0.28%	0.4%	0.28%
	EQT	B	0.08%	0.12%	0.08%
	ES	D	0.09%	0.13%	0.09%
	ETN	A	0.53%	0.75%	0.53%
	ETR	B	0.13%	0.19%	0.13%
	EVR	B	0.04%	0.05%	0.04%
	EVRG	A	0.05%	0.08%	0.05%
	EWBC	A	0.05%	0.08%	0.05%
	EXC	C	0.16%	0.22%	0.16%
	F	C	0.16%	0.23%	0.16%
	FAF	A	0.03%	0.04%	0.03%
	FANG	D	0.13%	0.19%	0.13%
	FAST	B	0.03%	0.25%	0.03%
	FDX	B	0.25%	0.35%	0.25%
	FE	C	0.1%	0.14%	0.1%
	FHB	A	0.01%	0.02%	0.01%
	FHN	A	0.04%	0.05%	0.04%
	FIS	C	0.2%	0.29%	0.2%
	FITB	A	0.12%	0.17%	0.12%
	FLO	D	0.02%	0.02%	0.02%
	FLS	B	0.03%	0.04%	0.03%
	FMC	D	0.03%	0.05%	0.03%
	FNB	A	0.02%	0.03%	0.02%
	FNF	B	0.06%	0.09%	0.06%
	FOX	A	0.02%	0.03%	0.02%
	FOXA	B	0.04%	0.05%	0.04%
	GAP	C	0.02%	0.02%	0.02%
	GD	F	0.32%	0.45%	0.32%
	GEN	B	0.06%	0.09%	0.06%
	GILD	C	0.44%	0.63%	0.44%
	GIS	D	0.15%	0.22%	0.15%
	GLW	B	0.15%	0.21%	0.15%
	GPC	D	0.06%	0.09%	0.06%
	GRMN	B	0.12%	0.17%	0.12%
	GS	A	0.48%	0.93%	0.48%
	HAL	C	0.1%	0.14%	0.1%
	HAS	D	0.0%	0.05%	0.0%
	HBAN	A	0.09%	0.13%	0.09%
	HD	A	0.32%	2.21%	0.32%
	HIG	B	0.13%	0.18%	0.13%
	HII	D	0.03%	0.04%	0.03%
	HLI	B	0.03%	0.05%	0.03%
	HOG	D	0.02%	0.02%	0.02%
	HON	B	0.45%	0.76%	0.45%
	HPE	B	0.1%	0.14%	0.1%
	HPQ	B	0.11%	0.2%	0.11%
	HRB	D	0.03%	0.05%	0.03%
	HRL	D	0.04%	0.05%	0.04%
	HSY	F	0.09%	0.15%	0.09%
	HUBB	B	0.09%	0.13%	0.09%
	HUN	F	0.01%	0.02%	0.01%
	IBM	C	0.76%	0.98%	0.76%
	IDA	A	0.02%	0.03%	0.02%
	IFF	D	0.1%	0.14%	0.1%
	INGR	B	0.03%	0.05%	0.03%
	IP	B	0.08%	0.11%	0.08%
	IPG	D	0.04%	0.06%	0.04%
	IRDM	D	0.01%	0.02%	0.01%
	ITW	B	0.19%	0.44%	0.19%
	IVZ	B	0.03%	0.04%	0.03%
	JCI	C	0.17%	0.29%	0.17%
	JEF	A	0.03%	0.06%	0.03%
	JHG	A	0.02%	0.03%	0.02%
	JNJ	D	1.54%	2.19%	1.54%
	JNPR	F	0.05%	0.07%	0.05%
	JPM	A	2.55%	3.61%	2.55%
	JWN	C	0.01%	0.01%	0.01%
	K	A	0.08%	0.12%	0.08%
	KDP	D	0.15%	0.21%	0.15%
	KEY	B	0.06%	0.09%	0.06%
	KHC	F	0.12%	0.17%	0.12%
	KMB	D	0.11%	0.26%	0.11%
	KMI	A	0.19%	0.27%	0.19%
	KMPR	B	0.02%	0.02%	0.02%
	KO	D	0.43%	1.44%	0.43%
	KR	B	0.15%	0.21%	0.15%
	KSS	F	0.01%	0.01%	0.01%
	LEA	D	0.02%	0.03%	0.02%
	LEG	F	0.01%	0.01%	0.01%
	LHX	C	0.19%	0.27%	0.19%
	LKQ	D	0.04%	0.05%	0.04%
	LMT	D	0.32%	0.66%	0.32%
	LNC	B	0.02%	0.03%	0.02%
	LNT	A	0.06%	0.09%	0.06%
	LOW	D	0.6%	0.85%	0.6%
	LUV	C	0.07%	0.1%	0.07%
	LYB	F	0.09%	0.13%	0.09%
	M	D	0.02%	0.02%	0.02%
	MAN	D	0.01%	0.02%	0.01%
	MCD	D	0.79%	1.19%	0.79%
	MCHP	D	0.16%	0.22%	0.16%
	MDLZ	F	0.37%	0.52%	0.37%
	MDT	D	0.46%	0.65%	0.46%
	MDU	D	0.02%	0.03%	0.02%
	MET	A	0.18%	0.26%	0.18%
	MKC	D	0.08%	0.11%	0.08%
	MMM	D	0.23%	0.4%	0.23%
	MO	A	0.37%	0.53%	0.37%
	MOS	F	0.03%	0.05%	0.03%
	MPC	D	0.21%	0.29%	0.21%
	MRO	B	0.06%	0.09%	0.06%
	MS	A	0.51%	0.76%	0.51%
	MSM	C	0.01%	0.02%	0.01%
	MTB	A	0.13%	0.18%	0.13%
	MTG	C	0.03%	0.04%	0.03%
	MTN	C	0.0%	0.04%	0.0%
	NEE	D	0.65%	0.92%	0.65%
	NEM	D	0.21%	0.3%	0.21%
	NFE	D	0.0%	0.0%	0.0%
	NFG	A	0.02%	0.03%	0.02%
	NI	A	0.06%	0.09%	0.06%
	NRG	B	0.04%	0.11%	0.04%
	NSC	B	0.23%	0.32%	0.23%
	NTAP	C	0.05%	0.13%	0.05%
	NTRS	A	0.08%	0.11%	0.08%
	NVT	B	0.05%	0.07%	0.05%
	NWL	B	0.01%	0.02%	0.01%
	NXST	C	0.01%	0.03%	0.01%
	OGE	B	0.03%	0.05%	0.03%
	OGN	D	0.02%	0.03%	0.02%
	OKE	A	0.23%	0.32%	0.23%
	OMC	C	0.08%	0.11%	0.08%
	OMF	A	0.02%	0.03%	0.02%
	ORI	A	0.03%	0.05%	0.03%
	OSK	B	0.03%	0.04%	0.03%
	OVV	B	0.04%	0.06%	0.04%
	OZK	B	0.02%	0.03%	0.02%
	PAG	B	0.01%	0.02%	0.01%
	PARA	C	0.03%	0.03%	0.03%
	PAYX	C	0.11%	0.25%	0.11%
	PB	A	0.03%	0.04%	0.03%
	PCAR	B	0.21%	0.3%	0.21%
	PEG	A	0.18%	0.25%	0.18%
	PEP	F	0.19%	1.29%	0.19%
	PFE	D	0.64%	0.91%	0.64%
	PFG	D	0.08%	0.11%	0.08%
	PG	A	1.21%	2.21%	1.21%
	PGR	A	0.09%	0.8%	0.09%
	PII	D	0.01%	0.02%	0.01%
	PINC	B	0.01%	0.01%	0.01%
	PKG	A	0.08%	0.11%	0.08%
	PM	B	0.83%	1.17%	0.83%
	PNC	B	0.3%	0.42%	0.3%
	PNW	B	0.04%	0.06%	0.04%
	PPG	F	0.12%	0.16%	0.12%
	PPL	B	0.1%	0.14%	0.1%
	PR	B	0.03%	0.05%	0.03%
	PRGO	B	0.01%	0.02%	0.01%
	PRU	A	0.18%	0.25%	0.18%
	PSX	C	0.2%	0.29%	0.2%
	QCOM	F	0.05%	1.03%	0.05%
	R	B	0.02%	0.04%	0.02%
	REYN	D	0.01%	0.01%	0.01%
	RF	A	0.09%	0.12%	0.09%
	RGA	A	0.06%	0.08%	0.06%
	RHI	B	0.03%	0.04%	0.03%
	RL	B	0.03%	0.05%	0.03%
	RLI	B	0.02%	0.04%	0.02%
	ROK	B	0.11%	0.17%	0.11%
	RPM	A	0.05%	0.09%	0.05%
	RPRX	D	0.04%	0.06%	0.04%
	RRC	B	0.03%	0.04%	0.03%
	RS	B	0.07%	0.09%	0.07%
	RTX	C	0.64%	0.91%	0.64%
	SBUX	A	0.1%	0.63%	0.1%
	SEE	C	0.02%	0.03%	0.02%
	SF	B	0.04%	0.06%	0.04%
	SIRI	C	0.03%	0.04%	0.03%
	SJM	D	0.05%	0.07%	0.05%
	SLB	C	0.23%	0.32%	0.23%
	SLM	A	0.02%	0.03%	0.02%
	SMG	D	0.01%	0.02%	0.01%
	SNA	A	0.07%	0.1%	0.07%
	SNV	B	0.03%	0.04%	0.03%
	SO	D	0.4%	0.57%	0.4%
	SON	D	0.02%	0.03%	0.02%
	SPB	C	0.01%	0.01%	0.01%
	SRE	A	0.21%	0.3%	0.21%
	STT	A	0.11%	0.16%	0.11%
	SWK	D	0.06%	0.08%	0.06%
	SWKS	F	0.06%	0.08%	0.06%
	SYF	B	0.09%	0.12%	0.09%
	SYY	B	0.06%	0.21%	0.06%
	T	A	0.65%	0.92%	0.65%
	TAP	C	0.04%	0.05%	0.04%
	TFC	A	0.23%	0.33%	0.23%
	TFSL	A	0.0%	0.0%	0.0%
	TGT	F	0.28%	0.39%	0.28%
	THG	A	0.02%	0.03%	0.02%
	TNL	A	0.01%	0.02%	0.01%
	TPG	A	0.02%	0.03%	0.02%
	TPR	B	0.04%	0.06%	0.04%
	TROW	B	0.1%	0.14%	0.1%
	TRV	B	0.22%	0.32%	0.22%
	TSN	B	0.07%	0.09%	0.07%
	TXN	C	0.65%	1.05%	0.65%
	UGI	A	0.02%	0.03%	0.02%
	UI	A	0.0%	0.01%	0.0%
	UNM	A	0.05%	0.07%	0.05%
	UNP	C	0.3%	0.8%	0.3%
	UPS	C	0.39%	0.55%	0.39%
	USB	A	0.3%	0.37%	0.3%
	VAC	B	0.01%	0.02%	0.01%
	VFC	C	0.03%	0.04%	0.03%
	VIRT	B	0.01%	0.01%	0.01%
	VLO	C	0.17%	0.23%	0.17%
	VOYA	B	0.03%	0.05%	0.03%
	VTRS	A	0.06%	0.08%	0.06%
	VZ	C	0.71%	1.01%	0.71%
	WAL	B	0.04%	0.05%	0.04%
	WBA	F	0.03%	0.04%	0.03%
	WBS	A	0.04%	0.05%	0.04%
	WEC	A	0.12%	0.17%	0.12%
	WEN	D	0.01%	0.02%	0.01%
	WFC	A	0.91%	1.29%	0.91%
	WH	B	0.02%	0.04%	0.02%
	WHR	B	0.02%	0.03%	0.02%
	WMB	A	0.25%	0.36%	0.25%
	WMT	A	1.42%	2.02%	1.42%
	WRB	A	0.07%	0.1%	0.07%
	WSM	B	0.03%	0.1%	0.03%
	WSO	A	0.07%	0.09%	0.07%
	WTRG	B	0.04%	0.06%	0.04%
	WU	D	0.01%	0.02%	0.01%
	XEL	A	0.15%	0.21%	0.15%
	XOM	B	2.1%	2.97%	2.1%
	XP	F	0.03%	0.04%	0.03%
	YUM	B	0.09%	0.21%	0.09%
	ZION	B	0.03%	0.04%	0.03%

VONV Overweight 508 Positions Relative to VYM

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	UNH	C	1.94%
	LIN	D	0.88%
	ACN	C	0.87%
	TMO	F	0.84%
	DIS	B	0.71%
	DHR	F	0.63%
	SPGI	C	0.6%
	GE	D	0.59%
	BSX	B	0.49%
	MU	D	0.44%
	TMUS	B	0.43%
	PLD	D	0.42%
	DE	A	0.41%
	AXP	A	0.38%
	SCHW	B	0.38%
	INTC	D	0.37%
	MMC	B	0.37%
	SYK	C	0.36%
	ICE	C	0.35%
	BA	F	0.34%
	WELL	A	0.33%
	EQIX	A	0.33%
	GEV	B	0.33%
	AMD	F	0.32%
	ELV	F	0.32%
	REGN	F	0.32%
	PYPL	B	0.32%
	PH	A	0.32%
	FI	A	0.31%
	AON	A	0.29%
	CEG	D	0.28%
	NOC	D	0.28%
	KKR	A	0.27%
	BDX	F	0.27%
	FCX	D	0.26%
	CSX	B	0.26%
	VRTX	F	0.25%
	COF	B	0.25%
	MRVL	B	0.25%
	MAR	B	0.24%
	AJG	B	0.23%
	TDG	D	0.23%
	GM	B	0.23%
	ROP	B	0.23%
	DLR	B	0.23%
	TT	A	0.22%
	O	D	0.21%
	TJX	A	0.21%
	CARR	D	0.2%
	DHI	D	0.2%
	HCA	F	0.2%
	CCI	D	0.19%
	KVUE	A	0.18%
	PSA	D	0.18%
	CRM	B	0.17%
	AME	A	0.17%
	CTVA	C	0.17%
	PCG	A	0.17%
	MSI	B	0.16%
	OTIS	C	0.16%
	CBRE	B	0.16%
	EA	A	0.16%
	RSG	A	0.16%
	LEN	D	0.16%
	SPG	B	0.16%
	URI	B	0.16%
	DAL	C	0.15%
	MCK	B	0.15%
	STZ	D	0.15%
	CTSH	B	0.15%
	HWM	A	0.15%
	A	D	0.15%
	IR	B	0.15%
	NUE	C	0.14%
	EXR	D	0.14%
	MLM	B	0.14%
	GEHC	F	0.14%
	ROST	C	0.14%
	NKE	D	0.14%
	ACGL	D	0.14%
	MSTR	C	0.14%
	AVB	B	0.13%
	RCL	A	0.13%
	EW	C	0.13%
	CNC	D	0.13%
	IQV	D	0.13%
	WAB	B	0.13%
	APH	A	0.13%
	VICI	C	0.13%
	OXY	D	0.13%
	XYL	D	0.12%
	CSGP	D	0.12%
	ON	D	0.12%
	PWR	A	0.12%
	NDAQ	A	0.12%
	CHTR	C	0.12%
	WTW	B	0.12%
	HUM	C	0.12%
	GPN	B	0.11%
	VTR	C	0.11%
	EQR	B	0.11%
	SW	A	0.11%
	PHM	D	0.11%
	VMC	B	0.11%
	MTD	D	0.11%
	TTWO	A	0.11%
	ANSS	B	0.11%
	RJF	A	0.11%
	HLT	A	0.11%
	DELL	C	0.11%
	CHD	B	0.1%
	SBAC	D	0.1%
	LDOS	C	0.1%
	FTV	C	0.1%
	BIIB	F	0.1%
	UAL	A	0.1%
	RMD	C	0.1%
	NVR	D	0.1%
	DOV	A	0.1%
	KEYS	A	0.1%
	EFX	F	0.1%
	WDC	D	0.09%
	LNG	B	0.09%
	STE	F	0.09%
	ZBH	C	0.09%
	CCL	B	0.09%
	CBOE	B	0.09%
	WY	D	0.09%
	ILMN	D	0.09%
	FCNCA	A	0.09%
	SQ	B	0.09%
	LH	C	0.08%
	INVH	D	0.08%
	ARE	D	0.08%
	STLD	B	0.08%
	ZM	B	0.08%
	WBD	C	0.08%
	FSLR	F	0.08%
	TDY	B	0.08%
	IEX	B	0.07%
	UTHR	C	0.07%
	SUI	D	0.07%
	PNR	A	0.07%
	CSL	C	0.07%
	CVNA	B	0.07%
	J	F	0.07%
	MRNA	F	0.07%
	DG	F	0.07%
	MAA	B	0.07%
	MAS	D	0.07%
	ESS	B	0.07%
	BALL	D	0.07%
	HOLX	D	0.07%
	MSCI	C	0.07%
	TRU	D	0.07%
	BLDR	D	0.07%
	UDR	B	0.06%
	VLTO	D	0.06%
	BRO	B	0.06%
	VRSN	F	0.06%
	EXPD	D	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	L	A	0.06%
	ZTS	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%
	AKAM	D	0.06%
	OC	A	0.06%
	ZBRA	B	0.06%
	IRM	D	0.06%
	APTV	D	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	KIM	A	0.06%
	DOC	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%
	CLH	B	0.05%
	UHS	D	0.05%
	AMH	D	0.05%
	CPT	B	0.05%
	HST	C	0.05%
	WPC	D	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	ALLE	D	0.05%
	COHR	B	0.05%
	AMAT	F	0.05%
	JBL	B	0.05%
	BMRN	D	0.05%
	EME	C	0.05%
	CDW	F	0.05%
	BXP	D	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%
	HES	B	0.05%
	RNR	C	0.05%
	GGG	B	0.05%
	FFIV	B	0.05%
	WST	C	0.04%
	FYBR	D	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	JLL	D	0.04%
	TW	A	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	LAD	A	0.04%
	AOS	F	0.04%
	WYNN	D	0.04%
	FRT	B	0.04%
	CRL	C	0.04%
	FTNT	C	0.04%
	CIEN	B	0.04%
	MTCH	D	0.04%
	REXR	F	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	GL	B	0.04%
	DPZ	C	0.04%
	QGEN	D	0.04%
	TFX	F	0.04%
	BKNG	A	0.04%
	DAY	B	0.04%
	PRI	A	0.04%
	RGLD	C	0.04%
	SOFI	A	0.04%
	EPAM	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	AA	B	0.04%
	SOLV	C	0.04%
	AFRM	B	0.04%
	TTEK	F	0.04%
	FBIN	D	0.04%
	BLD	D	0.04%
	NWSA	B	0.04%
	AVY	D	0.04%
	OHI	C	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	PFGC	B	0.04%
	MKTX	D	0.04%
	CUBE	D	0.04%
	NTNX	A	0.04%
	TWLO	A	0.04%
	CCK	C	0.04%
	INCY	C	0.04%
	RRX	B	0.04%
	ATR	B	0.04%
	ALB	C	0.04%
	FDS	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%
	RGEN	D	0.03%
	ATI	D	0.03%
	WMS	D	0.03%
	BFAM	D	0.03%
	CGNX	C	0.03%
	KEX	C	0.03%
	G	B	0.03%
	QRVO	F	0.03%
	STAG	F	0.03%
	JAZZ	B	0.03%
	COKE	C	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%
	BIO	D	0.03%
	ESAB	B	0.03%
	GNTX	C	0.03%
	MHK	D	0.03%
	GXO	B	0.03%
	LBRDK	C	0.03%
	FICO	B	0.03%
	CHE	D	0.03%
	ONTO	D	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%
	SHW	A	0.03%
	AR	B	0.03%
	WTFC	A	0.03%
	MNST	C	0.03%
	LW	C	0.03%
	BWA	D	0.03%
	EXAS	D	0.03%
	LECO	B	0.03%
	CR	A	0.03%
	MTZ	B	0.03%
	APG	B	0.03%
	NNN	D	0.03%
	RBC	A	0.03%
	TKO	B	0.03%
	PNFP	B	0.03%
	BRX	A	0.03%
	ECL	D	0.03%
	KNX	B	0.03%
	AAL	B	0.03%
	KBR	F	0.03%
	GMED	A	0.03%
	EGP	F	0.03%
	RIVN	F	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%
	MGM	D	0.03%
	BRBR	A	0.03%
	LAMR	D	0.03%
	CZR	F	0.03%
	PTC	A	0.03%
	X	C	0.03%
	SNX	C	0.03%
	ALNY	D	0.02%
	MSGS	A	0.02%
	RH	B	0.02%
	ACHC	F	0.02%
	TYL	B	0.02%
	AN	C	0.02%
	SITE	D	0.02%
	PAYC	B	0.02%
	GTES	A	0.02%
	W	F	0.02%
	AWI	A	0.02%
	CLF	F	0.02%
	UHAL	D	0.02%
	OLED	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%
	DBX	B	0.02%
	WSC	D	0.02%
	AZO	C	0.02%
	WTM	A	0.02%
	WLK	D	0.02%
	BILL	A	0.02%
	RYN	D	0.02%
	XRAY	F	0.02%
	CUZ	B	0.02%
	KRC	C	0.02%
	DOCS	C	0.02%
	BYD	C	0.02%
	HXL	D	0.02%
	OLN	D	0.02%
	SN	D	0.02%
	ROIV	C	0.02%
	PSN	D	0.02%
	GNRC	B	0.02%
	ZG	A	0.02%
	ORLY	B	0.02%
	ST	F	0.02%
	KD	B	0.02%
	CROX	D	0.02%
	THO	B	0.02%
	TKR	D	0.02%
	POST	C	0.02%
	SAIA	B	0.02%
	PVH	C	0.02%
	H	B	0.02%
	OLLI	D	0.02%
	MTDR	B	0.02%
	COIN	C	0.02%
	SRCL	C	0.02%
	VNT	B	0.02%
	CRUS	D	0.02%
	S	B	0.02%
	LFUS	F	0.02%
	ALK	C	0.02%
	ESI	A	0.02%
	AMG	B	0.02%
	NOV	C	0.02%
	MSA	D	0.02%
	STWD	C	0.02%
	GWW	B	0.02%
	DAR	C	0.02%
	VMI	B	0.02%
	ELAN	D	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%
	EXEL	B	0.01%
	TRIP	F	0.01%
	WOLF	F	0.01%
	INFA	D	0.01%
	LEN	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%
	PSTG	D	0.01%
	CNXC	F	0.01%
	SAM	C	0.01%
	ETSY	D	0.01%
	YETI	C	0.01%
	AZTA	D	0.01%
	BR	A	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%
	EXP	A	0.01%
	HAYW	B	0.01%
	MP	B	0.01%
	SHC	F	0.01%
	HHH	B	0.01%
	ULTA	F	0.01%
	ALGM	D	0.01%
	CLVT	F	0.01%
	COLM	B	0.01%
	LOPE	B	0.01%
	MPW	F	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%
	MASI	A	0.01%
	PENN	C	0.01%
	AMED	F	0.01%
	CPRT	A	0.01%
	PLNT	A	0.01%
	SPR	D	0.01%
	U	C	0.01%
	NWS	B	0.01%
	EPR	D	0.01%
	ZI	D	0.01%
	HIW	D	0.01%
	DXC	B	0.01%
	IAC	D	0.01%
	NEU	C	0.01%
	GFS	C	0.01%
	NVST	B	0.01%
	CTAS	B	0.01%
	UHAL	D	0.0%
	UWMC	D	0.0%
	SEG	B	0.0%
	IONS	F	0.0%
	TXG	F	0.0%
	PLTK	B	0.0%
	CHH	A	0.0%
	CACC	D	0.0%
	LBRDA	C	0.0%
	SEB	F	0.0%
	PATH	C	0.0%
	DJT	C	0.0%
	CAR	C	0.0%
	LSCC	D	0.0%
	PYCR	C	0.0%
	HCP	B	0.0%
	FIVE	F	0.0%
	DV	C	0.0%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 195 Positions Relative to VYM

	Symbol	Grade	Weight
	AVGO	D	-4.38%
	MRK	F	-1.47%
	BX	A	-0.67%
	WM	A	-0.49%
	NXPI	D	-0.34%
	VST	B	-0.24%
	TRGP	B	-0.21%
	ARES	A	-0.17%
	STX	D	-0.11%
	CCEP	C	-0.09%
	CLX	B	-0.09%
	EQH	B	-0.08%
	BAP	B	-0.07%
	SCCO	F	-0.05%
	ESNT	D	-0.04%
	ALV	C	-0.04%
	CRS	A	-0.04%
	SSB	B	-0.04%
	JXN	C	-0.04%
	SWX	B	-0.03%
	HWC	B	-0.03%
	NJR	A	-0.03%
	MUR	D	-0.03%
	FFIN	B	-0.03%
	MC	C	-0.03%
	KTB	B	-0.03%
	POR	C	-0.03%
	PIPR	B	-0.03%
	GATX	A	-0.03%
	UMBF	B	-0.03%
	UBSI	B	-0.03%
	HOMB	A	-0.03%
	RDN	C	-0.03%
	BCPC	B	-0.03%
	CBT	C	-0.03%
	GBCI	B	-0.03%
	ONB	B	-0.03%
	CADE	B	-0.03%
	CNS	B	-0.02%
	STNG	F	-0.02%
	LCII	C	-0.02%
	APAM	B	-0.02%
	MGRC	B	-0.02%
	TRN	C	-0.02%
	TGNA	B	-0.02%
	BOH	B	-0.02%
	NSP	D	-0.02%
	SFNC	B	-0.02%
	AVA	A	-0.02%
	TDS	B	-0.02%
	PBF	D	-0.02%
	PTEN	C	-0.02%
	CWT	D	-0.02%
	SLVM	B	-0.02%
	AWR	B	-0.02%
	FBP	B	-0.02%
	EBC	B	-0.02%
	SXT	B	-0.02%
	CATY	B	-0.02%
	CBU	B	-0.02%
	YOU	D	-0.02%
	OTTR	C	-0.02%
	HP	B	-0.02%
	SHOO	D	-0.02%
	NWE	B	-0.02%
	FULT	A	-0.02%
	MGEE	C	-0.02%
	IBOC	A	-0.02%
	AROC	B	-0.02%
	ABM	B	-0.02%
	BTU	B	-0.02%
	AUB	B	-0.02%
	LANC	C	-0.02%
	UCB	A	-0.02%
	SEM	B	-0.02%
	CCOI	B	-0.02%
	WD	D	-0.02%
	ASB	B	-0.02%
	GLNG	C	-0.02%
	CALM	A	-0.02%
	NOG	A	-0.02%
	CRC	B	-0.02%
	CNO	A	-0.02%
	SR	A	-0.02%
	KFY	B	-0.02%
	ALE	A	-0.02%
	PNM	F	-0.02%
	OGS	A	-0.02%
	BKH	A	-0.02%
	VLY	B	-0.02%
	AVNT	B	-0.02%
	SFBS	B	-0.02%
	MGY	A	-0.02%
	XRX	F	-0.01%
	JACK	D	-0.01%
	DK	C	-0.01%
	DAN	D	-0.01%
	WMK	C	-0.01%
	CBRL	C	-0.01%
	OXM	D	-0.01%
	KLG	C	-0.01%
	FDP	B	-0.01%
	SRCE	B	-0.01%
	SCS	C	-0.01%
	NAVI	C	-0.01%
	SAFT	C	-0.01%
	BHLB	B	-0.01%
	KALU	C	-0.01%
	KW	B	-0.01%
	UVV	B	-0.01%
	WOR	F	-0.01%
	EIG	B	-0.01%
	SFL	D	-0.01%
	BKE	B	-0.01%
	BLMN	F	-0.01%
	WABC	B	-0.01%
	CSGS	B	-0.01%
	HOPE	B	-0.01%
	HTH	B	-0.01%
	WT	B	-0.01%
	STBA	B	-0.01%
	TROX	D	-0.01%
	VRTS	B	-0.01%
	SASR	B	-0.01%
	AY	B	-0.01%
	NWN	A	-0.01%
	HMN	B	-0.01%
	BHE	B	-0.01%
	WKC	D	-0.01%
	UPBD	B	-0.01%
	MLKN	D	-0.01%
	WGO	C	-0.01%
	GEF	A	-0.01%
	LZB	B	-0.01%
	SYBT	B	-0.01%
	APOG	B	-0.01%
	FCF	A	-0.01%
	PDCO	D	-0.01%
	HEES	B	-0.01%
	TNC	D	-0.01%
	NWBI	B	-0.01%
	NTB	B	-0.01%
	CHCO	B	-0.01%
	PZZA	D	-0.01%
	WLY	B	-0.01%
	MCY	A	-0.01%
	WSBC	A	-0.01%
	GBX	A	-0.01%
	SJW	D	-0.01%
	SBLK	F	-0.01%
	STRA	C	-0.01%
	HI	C	-0.01%
	CABO	C	-0.01%
	KMT	B	-0.01%
	PHIN	A	-0.01%
	NMRK	B	-0.01%
	NBTB	B	-0.01%
	TRMK	B	-0.01%
	IBTX	B	-0.01%
	RNST	B	-0.01%
	VSH	D	-0.01%
	B	B	-0.01%
	FRME	B	-0.01%
	BANR	B	-0.01%
	BANF	B	-0.01%
	CAKE	C	-0.01%
	SBCF	A	-0.01%
	TOWN	B	-0.01%
	WAFD	B	-0.01%
	ENR	B	-0.01%
	HNI	B	-0.01%
	IGT	F	-0.01%
	PFS	B	-0.01%
	NOMD	D	-0.01%
	FFBC	A	-0.01%
	FIBK	A	-0.01%
	PPBI	B	-0.01%
	BFH	B	-0.01%
	PRK	B	-0.01%
	HTLF	B	-0.01%
	RRR	D	-0.01%
	JJSF	B	-0.01%
	CVBF	A	-0.01%
	ARCH	B	-0.01%
	BKU	A	-0.01%
	CPK	A	-0.01%
	INDB	B	-0.01%
	GES	F	-0.0%
	CVI	F	-0.0%
	RBCAA	B	-0.0%
	SCHL	D	-0.0%
	FG	B	-0.0%
	SSTK	F	-0.0%
	DLX	B	-0.0%
	MATV	D	-0.0%

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

VYM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Asset Management Utilities - Regulated Electric Oil & Gas E&P Packaged Foods Insurance - Property & Casualty Utilities - Diversified Utilities - Regulated Gas Diversified Industrials Restaurants Specialty Chemicals Insurance - Life Oil & Gas Refining & Marketing Semiconductors Capital Markets Chemicals Credit Services Drug Manufacturers - Major Insurance - Diversified Packaging & Containers

Keywords: S&P 500 Bank Banking Natural Gas Insurance Deposit Products Electricity Commercial Banking Nasdaq 100 Real Estate Loans Investment Bank Investment Management Insurance Products Mining Chemical Commercial Bank Life Insurance Trust Services Cash Management Electronics