VTWG vs. RWJ ETF Comparison

Comparison of Vanguard Russell 2000 Growth ETF (VTWG) to RevenueShares Small Cap (RWJ)

VTWG

Vanguard Russell 2000 Growth ETF

VTWG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization growth stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 2000® Growth Index. The index is designed to measure the performance of small-capitalization growth 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

$226.16

Average Daily Volume

33,378

Number of Holdings ^*

967

* may have additional holdings in another (foreign) market

RWJ

RevenueShares Small Cap

RWJ Description

The investment seeks outperform the total return performance of the S&P SmallCap 600® Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Small Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of small capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$48.29

Average Daily Volume

109,014

Number of Holdings ^*

581

* may have additional holdings in another (foreign) market

Performance

Period	VTWG	RWJ
30 Days	9.79%	7.91%
60 Days	9.95%	6.53%
90 Days	10.52%	7.72%
12 Months	39.57%	33.53%

289 Overlapping Holdings

	Symbol	Grade	Weight in VTWG	Weight in RWJ	Overlap
	ACIW	B	0.38%	0.12%	0.12%
	ACLS	F	0.21%	0.06%	0.06%
	ADMA	B	0.27%	0.03%	0.03%
	ADUS	D	0.06%	0.07%	0.06%
	AEIS	B	0.3%	0.12%	0.12%
	AEO	F	0.21%	0.35%	0.21%
	AGYS	A	0.17%	0.02%	0.02%
	AHCO	F	0.03%	0.22%	0.03%
	AHH	D	0.0%	0.05%	0.0%
	AIN	C	0.04%	0.08%	0.04%
	AIR	B	0.03%	0.16%	0.03%
	ALG	B	0.13%	0.13%	0.13%
	ALKS	B	0.31%	0.11%	0.11%
	ALRM	C	0.19%	0.07%	0.07%
	AMN	F	0.11%	0.12%	0.11%
	AMPH	D	0.14%	0.05%	0.05%
	AMR	C	0.17%	0.27%	0.17%
	AMSF	B	0.03%	0.03%	0.03%
	AMWD	C	0.01%	0.14%	0.01%
	ANDE	D	0.01%	0.85%	0.01%
	ANIP	F	0.06%	0.04%	0.04%
	AORT	B	0.06%	0.03%	0.03%
	APAM	B	0.21%	0.09%	0.09%
	APOG	B	0.04%	0.12%	0.04%
	ARCB	C	0.18%	0.33%	0.18%
	ARLO	C	0.07%	0.03%	0.03%
	AROC	B	0.25%	0.09%	0.09%
	ASO	F	0.07%	0.36%	0.07%
	ASTH	D	0.17%	0.09%	0.09%
	ATEN	B	0.08%	0.02%	0.02%
	ATGE	B	0.04%	0.14%	0.04%
	AVAV	D	0.42%	0.06%	0.06%
	AWR	B	0.13%	0.04%	0.04%
	AX	A	0.03%	0.16%	0.03%
	AZZ	B	0.14%	0.12%	0.12%
	BANF	B	0.02%	0.07%	0.02%
	BCC	B	0.19%	0.51%	0.19%
	BCPC	B	0.4%	0.07%	0.07%
	BFS	C	0.03%	0.02%	0.02%
	BJRI	B	0.03%	0.11%	0.03%
	BKE	B	0.1%	0.09%	0.09%
	BL	B	0.23%	0.05%	0.05%
	BLFS	C	0.06%	0.01%	0.01%
	BLMN	F	0.05%	0.26%	0.05%
	BMI	B	0.44%	0.06%	0.06%
	BOOT	D	0.27%	0.1%	0.1%
	BOX	B	0.33%	0.08%	0.08%
	BSIG	A	0.05%	0.04%	0.04%
	CAKE	C	0.17%	0.32%	0.17%
	CAL	D	0.02%	0.2%	0.02%
	CALM	A	0.02%	0.21%	0.02%
	CALX	D	0.11%	0.06%	0.06%
	CARG	C	0.2%	0.08%	0.08%
	CASH	A	0.04%	0.07%	0.04%
	CBRL	C	0.02%	0.27%	0.02%
	CCOI	B	0.26%	0.08%	0.08%
	CCS	D	0.02%	0.23%	0.02%
	CENT	C	0.0%	0.11%	0.0%
	CENTA	C	0.02%	0.11%	0.02%
	CENX	B	0.07%	0.23%	0.07%
	CEVA	B	0.03%	0.01%	0.01%
	CHCO	B	0.01%	0.03%	0.01%
	CHEF	A	0.1%	0.26%	0.1%
	CLB	B	0.07%	0.04%	0.04%
	CNK	B	0.19%	0.22%	0.19%
	CNMD	C	0.16%	0.09%	0.09%
	CNS	B	0.2%	0.04%	0.04%
	COLL	F	0.08%	0.03%	0.03%
	COOP	B	0.15%	0.15%	0.15%
	CORT	B	0.29%	0.06%	0.06%
	CPRX	C	0.18%	0.03%	0.03%
	CRS	A	0.53%	0.24%	0.24%
	CRSR	C	0.0%	0.11%	0.0%
	CRVL	A	0.2%	0.07%	0.07%
	CSGS	B	0.1%	0.1%	0.1%
	CSWI	A	0.43%	0.07%	0.07%
	CTRE	D	0.03%	0.02%	0.02%
	CTS	C	0.09%	0.04%	0.04%
	CVCO	A	0.25%	0.14%	0.14%
	CVI	F	0.04%	0.51%	0.04%
	CWT	D	0.06%	0.06%	0.06%
	CXM	C	0.07%	0.05%	0.05%
	DFIN	D	0.07%	0.05%	0.05%
	DIOD	D	0.02%	0.08%	0.02%
	DOCN	D	0.19%	0.05%	0.05%
	DORM	B	0.22%	0.16%	0.16%
	DVAX	C	0.09%	0.02%	0.02%
	DXPE	B	0.0%	0.16%	0.0%
	DY	D	0.37%	0.31%	0.31%
	EAT	A	0.3%	0.52%	0.3%
	EMBC	C	0.01%	0.07%	0.01%
	ENR	B	0.17%	0.23%	0.17%
	ENV	B	0.24%	0.09%	0.09%
	EPAC	B	0.18%	0.05%	0.05%
	ESE	B	0.12%	0.08%	0.08%
	EVTC	B	0.16%	0.06%	0.06%
	EXPI	C	0.08%	0.3%	0.08%
	EXTR	B	0.07%	0.09%	0.07%
	EYE	C	0.0%	0.14%	0.0%
	FBP	B	0.02%	0.09%	0.02%
	FELE	B	0.32%	0.16%	0.16%
	FIZZ	C	0.08%	0.09%	0.08%
	FORM	D	0.22%	0.04%	0.04%
	FSS	B	0.36%	0.13%	0.13%
	FTDR	A	0.29%	0.15%	0.15%
	FUL	F	0.08%	0.23%	0.08%
	GFF	A	0.18%	0.22%	0.18%
	GKOS	B	0.48%	0.03%	0.03%
	GMS	B	0.24%	0.46%	0.24%
	GOGO	C	0.01%	0.03%	0.01%
	GRBK	D	0.04%	0.12%	0.04%
	GSHD	A	0.18%	0.03%	0.03%
	GVA	A	0.23%	0.34%	0.23%
	HBI	B	0.18%	0.41%	0.18%
	HCI	C	0.07%	0.05%	0.05%
	HI	C	0.05%	0.24%	0.05%
	HLIT	D	0.09%	0.04%	0.04%
	HLX	B	0.02%	0.11%	0.02%
	HNI	B	0.08%	0.2%	0.08%
	HRMY	D	0.07%	0.04%	0.04%
	HSTM	B	0.02%	0.02%	0.02%
	HTLD	B	0.02%	0.08%	0.02%
	HWKN	B	0.15%	0.07%	0.07%
	IBP	D	0.38%	0.19%	0.19%
	ICHR	C	0.02%	0.06%	0.02%
	IDCC	A	0.28%	0.07%	0.07%
	IIIN	C	0.02%	0.04%	0.02%
	INVA	D	0.01%	0.02%	0.01%
	IOSP	B	0.17%	0.15%	0.15%
	IPAR	B	0.16%	0.1%	0.1%
	IRWD	F	0.01%	0.03%	0.01%
	ITGR	B	0.21%	0.13%	0.13%
	ITRI	B	0.34%	0.19%	0.19%
	JACK	D	0.07%	0.11%	0.07%
	JBSS	D	0.05%	0.07%	0.05%
	JBT	B	0.02%	0.15%	0.02%
	JJSF	B	0.19%	0.11%	0.11%
	JOE	F	0.14%	0.02%	0.02%
	KALU	C	0.08%	0.25%	0.08%
	KLG	C	0.08%	0.18%	0.08%
	KLIC	B	0.18%	0.06%	0.06%
	KREF	D	0.01%	0.04%	0.01%
	KRYS	B	0.32%	0.01%	0.01%
	KTB	B	0.35%	0.22%	0.22%
	KWR	C	0.16%	0.14%	0.14%
	LBRT	D	0.01%	0.29%	0.01%
	LCII	C	0.2%	0.26%	0.2%
	LESL	C	0.02%	0.09%	0.02%
	LGIH	D	0.01%	0.14%	0.01%
	LKFN	B	0.01%	0.03%	0.01%
	LMAT	A	0.13%	0.02%	0.02%
	LNN	B	0.05%	0.04%	0.04%
	LPG	F	0.04%	0.03%	0.03%
	LQDT	B	0.03%	0.03%	0.03%
	LRN	A	0.29%	0.17%	0.17%
	MARA	C	0.28%	0.05%	0.05%
	MC	C	0.35%	0.08%	0.08%
	MCRI	A	0.07%	0.04%	0.04%
	MCW	B	0.05%	0.08%	0.05%
	MCY	A	0.02%	0.45%	0.02%
	MGEE	C	0.1%	0.05%	0.05%
	MGPI	F	0.05%	0.03%	0.03%
	MGY	A	0.3%	0.1%	0.1%
	MLAB	D	0.01%	0.01%	0.01%
	MLI	C	0.63%	0.31%	0.31%
	MMSI	B	0.42%	0.09%	0.09%
	MOG.A	B	0.4%	0.28%	0.28%
	MRTN	C	0.01%	0.07%	0.01%
	MSEX	B	0.01%	0.01%	0.01%
	MTRN	C	0.15%	0.13%	0.13%
	MXL	C	0.07%	0.03%	0.03%
	MYE	F	0.03%	0.05%	0.03%
	MYRG	B	0.16%	0.38%	0.16%
	NABL	F	0.06%	0.03%	0.03%
	NARI	C	0.19%	0.04%	0.04%
	NATL	B	0.14%	0.33%	0.14%
	NBR	C	0.02%	0.25%	0.02%
	NEO	C	0.01%	0.04%	0.01%
	NGVT	B	0.11%	0.13%	0.11%
	NMIH	D	0.02%	0.04%	0.02%
	NOG	A	0.02%	0.16%	0.02%
	NPO	A	0.02%	0.08%	0.02%
	NSIT	F	0.36%	0.48%	0.36%
	NVEE	F	0.02%	0.06%	0.02%
	OII	B	0.18%	0.22%	0.18%
	OMI	F	0.01%	0.59%	0.01%
	OSIS	B	0.15%	0.11%	0.11%
	OTTR	C	0.11%	0.1%	0.1%
	OUT	A	0.08%	0.14%	0.08%
	OXM	D	0.06%	0.1%	0.06%
	PAHC	C	0.01%	0.08%	0.01%
	PATK	D	0.2%	0.25%	0.2%
	PAYO	A	0.14%	0.09%	0.09%
	PBI	B	0.03%	0.26%	0.03%
	PCRX	C	0.0%	0.06%	0.0%
	PDCO	D	0.02%	0.42%	0.02%
	PDFS	C	0.07%	0.01%	0.01%
	PECO	A	0.05%	0.04%	0.04%
	PGNY	F	0.09%	0.05%	0.05%
	PI	D	0.32%	0.02%	0.02%
	PIPR	B	0.36%	0.13%	0.13%
	PJT	A	0.24%	0.11%	0.11%
	PLAB	C	0.04%	0.06%	0.04%
	PLAY	D	0.09%	0.2%	0.09%
	PLMR	B	0.16%	0.03%	0.03%
	PLUS	F	0.12%	0.13%	0.12%
	PLXS	B	0.09%	0.34%	0.09%
	POWL	C	0.18%	0.12%	0.12%
	PRG	C	0.02%	0.18%	0.02%
	PRGS	A	0.2%	0.06%	0.06%
	PRVA	B	0.14%	0.14%	0.14%
	PSMT	C	0.1%	0.34%	0.1%
	PTGX	C	0.2%	0.03%	0.03%
	PZZA	D	0.09%	0.15%	0.09%
	QNST	B	0.08%	0.05%	0.05%
	RAMP	C	0.12%	0.05%	0.05%
	RCUS	F	0.06%	0.02%	0.02%
	RDNT	B	0.32%	0.14%	0.14%
	REX	D	0.01%	0.05%	0.01%
	RGR	F	0.01%	0.03%	0.01%
	ROCK	C	0.07%	0.1%	0.07%
	RXO	C	0.28%	0.29%	0.28%
	SABR	C	0.02%	0.24%	0.02%
	SAH	A	0.02%	1.15%	0.02%
	SCL	C	0.01%	0.16%	0.01%
	SDGR	C	0.07%	0.01%	0.01%
	SEM	B	0.18%	0.52%	0.18%
	SFBS	B	0.09%	0.08%	0.08%
	SHAK	C	0.34%	0.1%	0.1%
	SHOO	D	0.24%	0.14%	0.14%
	SITM	B	0.23%	0.01%	0.01%
	SKT	B	0.1%	0.04%	0.04%
	SLP	D	0.03%	0.0%	0.0%
	SLVM	B	0.05%	0.27%	0.05%
	SM	B	0.06%	0.2%	0.06%
	SMPL	B	0.23%	0.09%	0.09%
	SMTC	B	0.21%	0.07%	0.07%
	SNCY	C	0.02%	0.1%	0.02%
	SNEX	B	0.02%	0.15%	0.02%
	SONO	C	0.1%	0.13%	0.1%
	SPNT	A	0.01%	0.21%	0.01%
	SPSC	C	0.45%	0.04%	0.04%
	SSTK	F	0.05%	0.06%	0.05%
	STAA	F	0.11%	0.02%	0.02%
	STEP	B	0.28%	0.06%	0.06%
	SUPN	C	0.01%	0.05%	0.01%
	SXI	B	0.12%	0.06%	0.06%
	SXT	B	0.22%	0.11%	0.11%
	TBBK	B	0.18%	0.05%	0.05%
	TDW	F	0.22%	0.06%	0.06%
	TFIN	A	0.13%	0.04%	0.04%
	TGTX	B	0.26%	0.04%	0.04%
	THRM	D	0.1%	0.09%	0.09%
	THRY	F	0.03%	0.05%	0.03%
	TILE	B	0.01%	0.12%	0.01%
	TNC	D	0.05%	0.08%	0.05%
	TNDM	F	0.15%	0.04%	0.04%
	TPH	D	0.08%	0.27%	0.08%
	TRN	C	0.19%	0.27%	0.19%
	TRUP	B	0.13%	0.09%	0.09%
	TTGT	C	0.05%	0.02%	0.02%
	UCTT	D	0.11%	0.13%	0.11%
	UFPT	B	0.14%	0.03%	0.03%
	UHT	D	0.03%	0.01%	0.01%
	UPBD	B	0.12%	0.31%	0.12%
	URBN	C	0.05%	0.41%	0.05%
	USPH	B	0.09%	0.05%	0.05%
	VCEL	B	0.16%	0.02%	0.02%
	VECO	F	0.1%	0.04%	0.04%
	VICR	B	0.04%	0.04%	0.04%
	VRRM	D	0.32%	0.05%	0.05%
	VRTS	B	0.09%	0.07%	0.07%
	VSCO	B	0.04%	0.65%	0.04%
	VVI	C	0.06%	0.12%	0.06%
	VYX	B	0.13%	0.28%	0.13%
	WD	D	0.19%	0.07%	0.07%
	WDFC	B	0.26%	0.04%	0.04%
	WERN	C	0.02%	0.24%	0.02%
	WHD	B	0.29%	0.09%	0.09%
	WKC	D	0.01%	3.1%	0.01%
	WOR	F	0.08%	0.13%	0.08%
	WRLD	C	0.03%	0.04%	0.03%
	WT	B	0.11%	0.03%	0.03%
	WWW	B	0.09%	0.19%	0.09%
	XNCR	B	0.04%	0.01%	0.01%
	XPEL	C	0.07%	0.03%	0.03%
	YELP	C	0.17%	0.1%	0.1%
	YOU	D	0.24%	0.04%	0.04%
	ZWS	B	0.36%	0.13%	0.13%

VTWG Overweight 678 Positions Relative to RWJ

	Symbol	Grade	Weight
	SFM	A	0.96%
	PCVX	D	0.94%
	INSM	C	0.78%
	AIT	A	0.66%
	FN	D	0.65%
	ENSG	D	0.64%
	FLR	B	0.61%
	LNTH	D	0.56%
	HQY	B	0.53%
	HLNE	B	0.51%
	ANF	C	0.49%
	EXLS	B	0.48%
	HALO	F	0.47%
	CVLT	B	0.47%
	RHP	B	0.46%
	CWST	A	0.45%
	MOD	A	0.45%
	NOVT	D	0.45%
	HRI	B	0.44%
	ALTR	B	0.44%
	CBT	C	0.43%
	BECN	B	0.41%
	BPMC	C	0.41%
	KNF	A	0.41%
	VRNS	D	0.41%
	CHX	C	0.4%
	WTS	B	0.39%
	MMS	F	0.39%
	RVMD	C	0.39%
	RMBS	C	0.38%
	GTLS	B	0.38%
	ZETA	D	0.37%
	QTWO	A	0.37%
	CRDO	B	0.36%
	CRNX	C	0.36%
	STRL	B	0.35%
	TENB	C	0.35%
	FFIN	B	0.35%
	SIGI	C	0.35%
	EXPO	D	0.35%
	MDGL	B	0.34%
	RNA	D	0.34%
	BCO	D	0.34%
	QLYS	C	0.33%
	UFPI	B	0.31%
	WK	B	0.3%
	KAI	A	0.29%
	CWAN	B	0.29%
	RKLB	B	0.28%
	UPST	B	0.28%
	PRCT	B	0.28%
	ACLX	C	0.27%
	ENS	D	0.26%
	SGBX	F	0.26%
	HAE	C	0.26%
	AXNX	C	0.26%
	HIMS	B	0.26%
	SLAB	D	0.25%
	FOLD	F	0.25%
	MWA	B	0.25%
	ROAD	A	0.25%
	LANC	C	0.25%
	POWI	D	0.25%
	AXSM	B	0.24%
	OSCR	D	0.24%
	CBZ	B	0.24%
	NUVL	D	0.23%
	PRIM	A	0.23%
	BLKB	B	0.23%
	ATKR	C	0.23%
	ICFI	F	0.23%
	UEC	B	0.22%
	MGRC	B	0.21%
	NSP	D	0.21%
	IOVA	F	0.2%
	EVH	F	0.2%
	PTON	B	0.2%
	TNET	D	0.2%
	HGV	B	0.2%
	ACVA	B	0.19%
	GH	B	0.19%
	RYTM	C	0.19%
	AUR	C	0.19%
	TMDX	F	0.19%
	COMP	B	0.18%
	FRSH	C	0.18%
	CLSK	C	0.18%
	EWTX	C	0.18%
	VCTR	B	0.18%
	BDC	B	0.18%
	VC	D	0.18%
	RPD	C	0.18%
	SKY	A	0.17%
	VERX	B	0.17%
	IRTC	D	0.17%
	ARWR	F	0.17%
	MQ	F	0.17%
	PTCT	B	0.17%
	TWST	D	0.17%
	DYN	F	0.17%
	IDYA	F	0.17%
	INTA	A	0.15%
	PAR	B	0.15%
	VAL	D	0.15%
	HURN	B	0.15%
	BBIO	F	0.15%
	KYMR	D	0.15%
	SWTX	C	0.15%
	BRZE	C	0.15%
	AI	B	0.15%
	FLYW	C	0.15%
	DNLI	D	0.14%
	OPCH	D	0.14%
	LAUR	A	0.14%
	JOBY	B	0.14%
	LBPH	A	0.14%
	IMVT	F	0.13%
	KROS	D	0.13%
	BE	B	0.13%
	ACAD	D	0.13%
	SRRK	B	0.13%
	OSW	A	0.13%
	KOS	F	0.13%
	GOLF	B	0.13%
	IESC	B	0.13%
	RXST	F	0.13%
	HEES	B	0.12%
	VERA	B	0.12%
	NVCR	C	0.12%
	AGX	B	0.12%
	TARS	B	0.12%
	OCUL	D	0.12%
	ALKT	B	0.12%
	BCRX	D	0.12%
	STNE	F	0.12%
	PD	C	0.12%
	GERN	D	0.12%
	ARVN	D	0.12%
	UPWK	B	0.12%
	WULF	C	0.11%
	MNKD	C	0.11%
	APPN	B	0.11%
	CSTM	F	0.11%
	PFSI	D	0.11%
	SOUN	C	0.11%
	WRBY	B	0.11%
	AGM	C	0.11%
	KTOS	B	0.11%
	MIRM	B	0.11%
	RXRX	F	0.11%
	JANX	C	0.11%
	SMR	B	0.11%
	TGLS	B	0.11%
	SMMT	D	0.11%
	SNDX	F	0.11%
	SPT	C	0.1%
	FLNC	C	0.1%
	AESI	B	0.1%
	BLBD	D	0.1%
	NSSC	D	0.1%
	INFN	C	0.1%
	JAMF	F	0.1%
	ARDX	F	0.1%
	CLDX	F	0.1%
	HROW	D	0.1%
	ZUO	B	0.1%
	ENVX	F	0.1%
	MGNI	A	0.1%
	RRR	D	0.09%
	USLM	A	0.09%
	LOB	B	0.09%
	CRAI	B	0.09%
	RDFN	D	0.09%
	KURA	F	0.09%
	ALHC	C	0.09%
	PHR	F	0.08%
	ERII	D	0.08%
	CGON	F	0.08%
	ATRC	C	0.08%
	BKD	D	0.08%
	CWH	B	0.08%
	SAVA	D	0.08%
	JBI	F	0.08%
	IMAX	B	0.08%
	LEU	C	0.08%
	NVAX	F	0.08%
	HLIO	B	0.08%
	REVG	B	0.08%
	KFRC	D	0.08%
	NRIX	D	0.08%
	RCKT	F	0.08%
	AMBA	B	0.08%
	VITL	D	0.08%
	AMRX	C	0.08%
	SPNS	F	0.08%
	DRVN	B	0.07%
	PRO	C	0.07%
	EOLS	D	0.07%
	WVE	C	0.07%
	CDRE	D	0.07%
	PNTG	D	0.07%
	SHLS	F	0.07%
	ASGN	F	0.07%
	GPOR	B	0.07%
	ELVN	D	0.07%
	WLY	B	0.07%
	RVLV	B	0.07%
	COUR	F	0.07%
	ASAN	C	0.07%
	DNUT	D	0.07%
	COGT	D	0.07%
	VZIO	A	0.07%
	ARRY	C	0.07%
	VRDN	D	0.07%
	LMND	B	0.07%
	UDMY	F	0.06%
	YEXT	A	0.06%
	UTZ	D	0.06%
	LMB	A	0.06%
	GRC	A	0.06%
	AGL	F	0.06%
	PAGS	F	0.06%
	ATEC	C	0.06%
	CMPR	D	0.06%
	MRVI	F	0.06%
	RSI	B	0.06%
	MEG	F	0.06%
	XMTR	C	0.06%
	DFH	D	0.06%
	BBSI	B	0.06%
	BLND	B	0.06%
	IE	C	0.06%
	AMSC	B	0.06%
	TRNS	D	0.06%
	OEC	C	0.06%
	NNBR	C	0.06%
	ARQT	C	0.06%
	PUBM	C	0.05%
	SGHC	A	0.05%
	RVNC	F	0.05%
	BASE	C	0.05%
	LQDA	D	0.05%
	PAX	B	0.05%
	GSAT	C	0.05%
	ACMR	F	0.05%
	UTI	A	0.05%
	ZIP	F	0.05%
	DBRG	F	0.05%
	CCB	A	0.05%
	NEXT	B	0.05%
	DAWN	F	0.05%
	GDYN	B	0.05%
	IBUY	A	0.05%
	TPB	B	0.05%
	CECO	A	0.05%
	ACHR	B	0.05%
	AUPH	B	0.05%
	CGEM	F	0.05%
	SPRY	D	0.05%
	KBH	D	0.05%
	FSLY	D	0.05%
	CASS	B	0.04%
	DJCO	B	0.04%
	ALX	D	0.04%
	BBW	B	0.04%
	CTLP	B	0.04%
	PRMW	C	0.04%
	HLF	C	0.04%
	CRMD	C	0.04%
	IDT	B	0.04%
	APLT	B	0.04%
	MAX	F	0.04%
	FWRG	C	0.04%
	ABUS	D	0.04%
	EU	D	0.04%
	REAX	D	0.04%
	TREE	F	0.04%
	YMAB	F	0.04%
	INOD	B	0.04%
	CYTK	F	0.04%
	WEAV	B	0.04%
	APLD	A	0.04%
	PTLO	F	0.04%
	HCKT	B	0.04%
	IBTA	C	0.04%
	IMXI	B	0.04%
	ACEL	C	0.04%
	AIV	C	0.04%
	EVRI	A	0.04%
	OSPN	A	0.04%
	LPRO	C	0.04%
	NRDS	C	0.04%
	CDMO	B	0.04%
	KRUS	B	0.04%
	IMNM	F	0.04%
	AXGN	D	0.04%
	CIFR	B	0.04%
	TYRA	F	0.03%
	LRMR	F	0.03%
	AKRO	B	0.03%
	DSGR	D	0.03%
	RIOT	C	0.03%
	URGN	F	0.03%
	MLNK	B	0.03%
	GIC	D	0.03%
	ARCT	F	0.03%
	NVEC	C	0.03%
	BYND	F	0.03%
	MNTK	F	0.03%
	BIGC	C	0.03%
	ARHS	F	0.03%
	LWLG	F	0.03%
	PX	A	0.03%
	MDXG	B	0.03%
	MIR	A	0.03%
	CSV	B	0.03%
	SKWD	A	0.03%
	AEHR	F	0.03%
	CELC	F	0.03%
	IRMD	C	0.03%
	PPTA	C	0.03%
	KALV	D	0.03%
	MITK	C	0.03%
	ALEC	F	0.03%
	ESQ	A	0.03%
	EAF	C	0.03%
	CBL	A	0.03%
	FA	C	0.03%
	TTI	C	0.03%
	JELD	F	0.03%
	PRTA	F	0.03%
	GCMG	B	0.03%
	ANAB	F	0.03%
	PLOW	D	0.03%
	LFST	C	0.03%
	BAND	B	0.03%
	ENFN	A	0.03%
	CAPR	C	0.03%
	HY	D	0.03%
	STOK	F	0.03%
	FC	F	0.03%
	DMRC	C	0.03%
	FLNG	B	0.03%
	HUMA	F	0.03%
	AGS	A	0.03%
	XERS	B	0.03%
	EVER	F	0.03%
	SIBN	F	0.03%
	MNMD	C	0.03%
	CRGY	B	0.03%
	SANA	F	0.03%
	SEMR	B	0.03%
	SYNA	C	0.02%
	NATH	C	0.02%
	INSE	C	0.02%
	WTI	F	0.02%
	SERA	F	0.02%
	LOVE	B	0.02%
	PRME	F	0.02%
	ABSI	F	0.02%
	EWCZ	F	0.02%
	TRAK	B	0.02%
	EB	C	0.02%
	LAZR	F	0.02%
	TMCI	D	0.02%
	ASPN	F	0.02%
	OCGN	F	0.02%
	DENN	D	0.02%
	LIND	C	0.02%
	LUNG	F	0.02%
	CYRX	F	0.02%
	IGMS	F	0.02%
	TDOC	C	0.02%
	NTST	D	0.02%
	TH	C	0.02%
	SIGA	F	0.02%
	CDNA	D	0.02%
	FNA	C	0.02%
	BYRN	B	0.02%
	CRCT	F	0.02%
	OLO	B	0.02%
	ULCC	D	0.02%
	RCEL	C	0.02%
	CHPT	F	0.02%
	BMEA	F	0.02%
	ALT	C	0.02%
	FDMT	F	0.02%
	SFL	D	0.02%
	VSEC	C	0.02%
	EYPT	F	0.02%
	SKYT	D	0.02%
	DOMO	C	0.02%
	BWMN	C	0.02%
	DK	C	0.02%
	CYH	F	0.02%
	METC	C	0.02%
	NRC	F	0.02%
	EGHT	C	0.02%
	CERS	C	0.02%
	INST	C	0.02%
	GHM	A	0.02%
	BLZE	F	0.02%
	CSTL	D	0.02%
	TSHA	C	0.02%
	NNOX	C	0.02%
	ATEX	D	0.02%
	XPOF	C	0.02%
	PCT	C	0.02%
	IGT	F	0.02%
	NIC	B	0.02%
	LYTS	B	0.02%
	PLSE	C	0.02%
	CMPO	A	0.02%
	GRND	A	0.02%
	SRCL	C	0.02%
	AMRC	F	0.02%
	RDVT	A	0.02%
	SRDX	B	0.02%
	SVRA	D	0.02%
	DHIL	A	0.02%
	CCO	C	0.01%
	NWPX	A	0.01%
	DAKT	B	0.01%
	CVGW	D	0.01%
	FOR	F	0.01%
	STKS	F	0.01%
	REKR	F	0.01%
	ODC	C	0.01%
	AKYA	F	0.01%
	BDTX	F	0.01%
	VERU	F	0.01%
	GCO	B	0.01%
	OMER	A	0.01%
	INMB	F	0.01%
	ACCD	D	0.01%
	AIRS	C	0.01%
	EP	C	0.01%
	GLSI	D	0.01%
	EVI	C	0.01%
	FULC	F	0.01%
	XFOR	F	0.01%
	MLYS	F	0.01%
	BLNK	F	0.01%
	DC	D	0.01%
	LXRX	F	0.01%
	CWCO	C	0.01%
	LFMD	D	0.01%
	NPCE	C	0.01%
	UVE	B	0.01%
	CTGO	D	0.01%
	MODV	C	0.01%
	THR	B	0.01%
	OPRX	F	0.01%
	GNE	D	0.01%
	PEPG	F	0.01%
	STGW	B	0.01%
	SSTI	C	0.01%
	EGAN	C	0.01%
	EVEX	D	0.01%
	GOOD	B	0.01%
	IRON	B	0.01%
	PRTH	C	0.01%
	ACHV	F	0.01%
	STXS	C	0.01%
	SCWO	F	0.01%
	NTIC	C	0.01%
	IAS	C	0.01%
	MRAM	D	0.01%
	ULH	B	0.01%
	PFIS	A	0.01%
	QUIK	F	0.01%
	CADL	F	0.01%
	ESPR	C	0.01%
	TRVI	D	0.01%
	MRSN	D	0.01%
	PKE	B	0.01%
	LAW	D	0.01%
	AQST	D	0.01%
	TAYD	D	0.01%
	INBK	B	0.01%
	MVIS	F	0.01%
	KFS	B	0.01%
	BRY	F	0.01%
	GRPN	F	0.01%
	FHTX	D	0.01%
	JILL	C	0.01%
	SCPH	F	0.01%
	PSTL	D	0.01%
	QUAD	C	0.01%
	PAYS	F	0.01%
	PLUG	F	0.01%
	OLMA	F	0.01%
	TIPT	B	0.01%
	FFWM	C	0.01%
	LWAY	D	0.01%
	LCTX	F	0.01%
	SKIN	D	0.01%
	JYNT	C	0.01%
	RILY	F	0.01%
	INFU	B	0.01%
	BBAI	C	0.01%
	HNST	B	0.01%
	DESP	B	0.01%
	SKYH	C	0.01%
	KLTR	B	0.01%
	PHAT	F	0.01%
	ACIC	B	0.01%
	SMTI	B	0.01%
	TSQ	D	0.01%
	BTMD	C	0.01%
	CDZI	B	0.01%
	ORIC	F	0.01%
	ZYXI	D	0.01%
	AVXL	B	0.01%
	QRHC	D	0.01%
	CTOS	C	0.01%
	ADCT	F	0.01%
	SMLR	B	0.01%
	MDWD	D	0.01%
	GWRS	B	0.01%
	MGTX	C	0.01%
	TCX	F	0.01%
	BRCC	F	0.01%
	XOMA	C	0.01%
	AEYE	C	0.01%
	SMID	B	0.01%
	ARAY	D	0.01%
	MLP	B	0.01%
	HEAR	C	0.01%
	EVCM	B	0.01%
	GAMB	A	0.01%
	PRCH	C	0.01%
	AVAH	B	0.01%
	INDI	C	0.01%
	LIVN	F	0.01%
	CDXC	B	0.01%
	INMD	C	0.01%
	ALTG	C	0.01%
	CDLX	D	0.01%
	CVRX	C	0.01%
	SGHT	F	0.01%
	UMH	C	0.01%
	KNTK	B	0.01%
	DSP	B	0.01%
	OFLX	D	0.01%
	KRT	A	0.01%
	BVS	D	0.01%
	PFMT	D	0.01%
	RICK	C	0.01%
	LNZA	F	0.01%
	MGNX	F	0.01%
	PESI	B	0.01%
	ZURA	F	0.01%
	GCBC	C	0.01%
	REAL	A	0.01%
	PBPB	C	0.01%
	QRTEB	F	0.0%
	SES	F	0.0%
	LYRA	F	0.0%
	TDUP	C	0.0%
	MASS	F	0.0%
	PGEN	F	0.0%
	BSVN	B	0.0%
	RSVR	A	0.0%
	QIPT	F	0.0%
	SPCE	D	0.0%
	ATLC	B	0.0%
	ULBI	F	0.0%
	GRWG	F	0.0%
	HLVX	D	0.0%
	VIRC	B	0.0%
	RMNI	C	0.0%
	LUNR	B	0.0%
	VGAS	C	0.0%
	RENB	F	0.0%
	FBIZ	B	0.0%
	CZFS	B	0.0%
	ELEV	D	0.0%
	PLPC	B	0.0%
	ORGO	B	0.0%
	HRTX	F	0.0%
	HOWL	F	0.0%
	APEI	B	0.0%
	BOC	C	0.0%
	TERN	F	0.0%
	CHRS	D	0.0%
	EVC	C	0.0%
	LSEA	D	0.0%
	FENC	D	0.0%
	SST	F	0.0%
	CTV	A	0.0%
	RGLS	F	0.0%
	MEC	D	0.0%
	DIBS	F	0.0%
	AMPX	C	0.0%
	DLHC	F	0.0%
	CIX	D	0.0%
	ALRS	D	0.0%
	HBIO	F	0.0%
	CDXS	B	0.0%
	ANET	C	0.0%
	SHYF	C	0.0%
	VRCA	F	0.0%
	CLBK	B	0.0%
	ALDX	D	0.0%
	RM	D	0.0%
	ORN	C	0.0%
	TNYA	C	0.0%
	SGC	C	0.0%
	ATOS	F	0.0%
	GALT	C	0.0%
	AVTE	D	0.0%
	IIIV	C	0.0%
	LASR	D	0.0%
	AKBA	C	0.0%
	STTK	F	0.0%
	NATR	C	0.0%
	MITT	D	0.0%
	CABA	F	0.0%
	INNV	F	0.0%
	VALU	C	0.0%
	AOMR	D	0.0%
	MPX	B	0.0%
	CHCT	C	0.0%
	CMRE	C	0.0%
	HCAT	D	0.0%
	FUBO	F	0.0%
	OOMA	B	0.0%
	FG	B	0.0%
	PBYI	C	0.0%
	METCB	D	0.0%
	ANIK	F	0.0%
	USCB	B	0.0%
	MYFW	B	0.0%
	MCBS	B	0.0%
	MLR	B	0.0%
	CURV	D	0.0%
	EPM	A	0.0%
	OABI	F	0.0%
	FIGS	F	0.0%
	NGS	B	0.0%
	REPX	A	0.0%
	PSTX	D	0.0%
	RDW	B	0.0%
	CRDF	F	0.0%
	ALXO	F	0.0%
	HDSN	F	0.0%
	SWBI	C	0.0%
	OUST	C	0.0%
	GMGI	D	0.0%
	QBTS	B	0.0%
	OBIO	C	0.0%
	BOOM	F	0.0%
	FLWS	F	0.0%
	RCKY	F	0.0%
	ITIC	B	0.0%
	PTVE	B	0.0%
	ARKO	C	0.0%
	EGY	D	0.0%
	ATNM	F	0.0%
	OPEN	D	0.0%
	HOV	D	0.0%
	SHBI	A	0.0%
	DIN	C	0.0%
	HQI	B	0.0%
	AVO	C	0.0%
	BMBL	C	0.0%
	VTSI	C	0.0%
	MAPS	C	0.0%
	DCGO	C	0.0%
	NGVC	A	0.0%
	CLPR	D	0.0%
	YORW	D	0.0%
	TTSH	D	0.0%
	QTRX	F	0.0%
	OVID	F	0.0%
	PLL	C	0.0%
	NRDY	C	0.0%

VTWG Underweight 292 Positions Relative to RWJ

	Symbol	Grade	Weight
	UNFI	A	-2.85%
	SATS	D	-1.5%
	GPI	A	-1.47%
	LUMN	C	-1.4%
	LNC	B	-1.38%
	ABG	B	-1.33%
	KSS	F	-1.1%
	ADNT	F	-1.07%
	DXC	B	-0.99%
	ALK	C	-0.92%
	HTZ	C	-0.83%
	AAP	C	-0.78%
	VFC	C	-0.77%
	JBLU	F	-0.76%
	CWK	B	-0.7%
	RUSHA	C	-0.68%
	DAN	D	-0.65%
	ABM	B	-0.64%
	NWL	B	-0.63%
	SANM	B	-0.62%
	REZI	A	-0.58%
	PARR	D	-0.57%
	SPTN	D	-0.56%
	SIG	B	-0.52%
	GNW	A	-0.52%
	RHI	B	-0.51%
	FL	F	-0.51%
	AXL	C	-0.49%
	TDS	B	-0.47%
	PENN	C	-0.47%
	OI	C	-0.47%
	ODP	F	-0.44%
	CMA	A	-0.44%
	SNDR	B	-0.42%
	SEE	C	-0.41%
	JXN	C	-0.4%
	BFH	B	-0.4%
	PTEN	C	-0.4%
	MTH	D	-0.39%
	BTU	B	-0.38%
	XRX	F	-0.36%
	FDP	B	-0.35%
	GBX	A	-0.34%
	OGN	D	-0.34%
	GO	C	-0.34%
	GEO	B	-0.34%
	NAVI	C	-0.33%
	ALGT	B	-0.32%
	WS	B	-0.32%
	SKYW	B	-0.32%
	HUBG	A	-0.31%
	LEG	F	-0.3%
	MATX	C	-0.29%
	GTES	A	-0.29%
	PHIN	A	-0.28%
	ATI	D	-0.28%
	MHO	D	-0.27%
	ARCH	B	-0.26%
	TGNA	B	-0.26%
	MODG	F	-0.25%
	SBH	C	-0.25%
	IAC	D	-0.25%
	SCSC	B	-0.24%
	SXC	A	-0.23%
	MLKN	D	-0.23%
	KELYA	F	-0.23%
	WGO	C	-0.23%
	HP	B	-0.23%
	KFY	B	-0.22%
	GIII	D	-0.22%
	TTMI	B	-0.22%
	CXW	B	-0.22%
	BHE	B	-0.22%
	CEIX	A	-0.21%
	VSTO	A	-0.21%
	ENVA	B	-0.21%
	DNOW	B	-0.2%
	ACA	A	-0.2%
	FTRE	D	-0.2%
	MD	B	-0.2%
	VSAT	F	-0.2%
	AL	B	-0.2%
	UVV	B	-0.2%
	CRC	B	-0.19%
	ETSY	D	-0.19%
	VSTS	C	-0.19%
	CNXN	C	-0.19%
	THS	D	-0.18%
	VIRT	B	-0.18%
	DLX	B	-0.18%
	GES	F	-0.18%
	KMT	B	-0.17%
	MTX	B	-0.17%
	UNF	B	-0.17%
	GPRE	F	-0.17%
	HZO	D	-0.16%
	BKU	A	-0.16%
	STC	B	-0.16%
	ICUI	D	-0.16%
	WNC	C	-0.16%
	BGC	C	-0.16%
	LZB	B	-0.15%
	EPC	D	-0.15%
	VTLE	C	-0.15%
	HELE	C	-0.15%
	KOP	C	-0.15%
	FWRD	D	-0.14%
	KAR	B	-0.14%
	CABO	C	-0.14%
	HCC	B	-0.14%
	IART	C	-0.14%
	MATW	C	-0.13%
	HCSG	C	-0.13%
	BXMT	C	-0.13%
	AVA	A	-0.13%
	TALO	C	-0.13%
	HMN	B	-0.13%
	CRK	B	-0.13%
	FULT	A	-0.13%
	TRIP	F	-0.13%
	B	B	-0.13%
	CATY	B	-0.12%
	SFNC	B	-0.12%
	CUBI	C	-0.12%
	TGI	B	-0.12%
	ABCB	B	-0.12%
	HTH	B	-0.11%
	PINC	B	-0.11%
	WSFS	A	-0.11%
	APLE	B	-0.11%
	TWI	F	-0.11%
	ASTE	B	-0.11%
	GDOT	D	-0.11%
	NVRI	F	-0.11%
	UCB	A	-0.11%
	ZD	C	-0.11%
	AWI	A	-0.11%
	PUMP	B	-0.11%
	ABR	C	-0.11%
	ASIX	A	-0.11%
	BRC	D	-0.1%
	BGS	F	-0.1%
	HAIN	C	-0.1%
	WAFD	B	-0.1%
	FHB	A	-0.1%
	PMT	D	-0.1%
	PEB	D	-0.1%
	SMP	B	-0.1%
	MNRO	D	-0.1%
	UFCS	B	-0.1%
	VTOL	B	-0.1%
	RES	D	-0.1%
	PRA	C	-0.1%
	BOH	B	-0.09%
	PBH	A	-0.09%
	STRA	C	-0.09%
	RDN	C	-0.09%
	ECPG	B	-0.09%
	MATV	D	-0.09%
	SCHL	D	-0.09%
	MTUS	C	-0.09%
	AUB	B	-0.09%
	HSII	B	-0.09%
	FFBC	A	-0.09%
	BANC	A	-0.09%
	DEI	B	-0.08%
	RUN	F	-0.08%
	CNSL	C	-0.08%
	IBTX	B	-0.08%
	XHR	B	-0.08%
	MSGS	A	-0.08%
	SCVL	F	-0.08%
	RNST	B	-0.08%
	INDB	B	-0.08%
	TRMK	B	-0.08%
	FOXF	F	-0.08%
	HAYW	B	-0.08%
	NWN	A	-0.08%
	UNIT	B	-0.08%
	SVC	F	-0.08%
	HOPE	B	-0.08%
	OMCL	C	-0.08%
	DRH	B	-0.08%
	NHC	C	-0.08%
	NX	C	-0.08%
	VIAV	B	-0.08%
	EZPW	A	-0.08%
	AGO	B	-0.07%
	PFS	B	-0.07%
	VBTX	B	-0.07%
	MRCY	B	-0.07%
	SHO	C	-0.07%
	EIG	B	-0.07%
	BANR	B	-0.07%
	MAC	B	-0.07%
	CBU	B	-0.07%
	SAFT	C	-0.07%
	RC	D	-0.07%
	PRAA	C	-0.07%
	PPBI	B	-0.06%
	BRKL	B	-0.06%
	HIW	D	-0.06%
	ARI	C	-0.06%
	PRDO	B	-0.06%
	KN	B	-0.06%
	SWI	B	-0.06%
	NBTB	B	-0.06%
	GDEN	B	-0.06%
	ROG	D	-0.06%
	OFG	B	-0.06%
	SBCF	A	-0.06%
	CVBF	A	-0.06%
	DCOM	A	-0.06%
	NTCT	C	-0.06%
	FBK	B	-0.06%
	SEDG	F	-0.06%
	USNA	C	-0.06%
	EGBN	B	-0.06%
	SLG	B	-0.06%
	PRLB	A	-0.05%
	PRK	B	-0.05%
	CWEN	C	-0.05%
	CWEN	C	-0.05%
	NBHC	B	-0.05%
	BHLB	B	-0.05%
	DV	C	-0.05%
	TR	B	-0.05%
	RWT	D	-0.05%
	INN	D	-0.05%
	WOLF	F	-0.05%
	HPP	F	-0.05%
	CPK	A	-0.05%
	CARS	B	-0.05%
	FCF	A	-0.05%
	NWBI	B	-0.05%
	COHU	C	-0.04%
	DGII	B	-0.04%
	KW	B	-0.04%
	FBRT	C	-0.04%
	AVNS	F	-0.04%
	HAFC	A	-0.04%
	STBA	B	-0.04%
	PFBC	B	-0.04%
	GNL	F	-0.04%
	ETD	C	-0.04%
	FBNC	A	-0.04%
	HAYN	C	-0.04%
	INSP	D	-0.04%
	MMI	B	-0.04%
	SJW	D	-0.04%
	ROIC	A	-0.03%
	AMBC	C	-0.03%
	HFWA	B	-0.03%
	EFC	C	-0.03%
	WABC	B	-0.03%
	AKR	B	-0.03%
	CPF	A	-0.03%
	EPRT	B	-0.03%
	TMP	B	-0.03%
	AAT	B	-0.03%
	CFFN	B	-0.03%
	MYGN	F	-0.03%
	SBSI	B	-0.03%
	UE	C	-0.03%
	AOSL	C	-0.03%
	UTL	B	-0.03%
	JBGS	D	-0.03%
	BDN	C	-0.03%
	MPW	F	-0.03%
	ELME	D	-0.02%
	FLGT	F	-0.02%
	MP	B	-0.02%
	SHEN	F	-0.02%
	FCPT	C	-0.02%
	IIPR	D	-0.02%
	CSR	B	-0.02%
	NXRT	B	-0.02%
	CTKB	C	-0.02%
	DEA	D	-0.02%
	TRST	A	-0.02%
	VRE	B	-0.02%
	HASI	D	-0.02%
	LXP	D	-0.02%
	NPK	B	-0.02%
	CERT	F	-0.02%
	RGNX	F	-0.01%
	VIR	D	-0.01%
	LGND	B	-0.01%
	WSR	A	-0.01%
	GTY	B	-0.01%
	LTC	B	-0.01%
	ALEX	C	-0.01%

VTWG: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Medical Devices Software - Infrastructure Diversified Industrials Banks - Regional - US Business Services Restaurants Drug Manufacturers - Specialty & Generic Medical Instruments & Supplies Specialty Chemicals Aerospace & Defense Asset Management Diagnostics & Research Electronic Components Engineering & Construction Oil & Gas E&P Packaged Foods Building Materials Information Technology Services

Keywords: Medicine Biopharmaceutical Biotechnology Cancer Clinical Medicine Computing Life Sciences Bank Banking Construction Disease Pharmaceutical Telecommunications Biology Chemical Insurance Semiconductor Aerospace Electronics Organ Systems

RWJ: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology REIT - Diversified Diversified Industrials Software - Application Packaged Foods Specialty Chemicals Asset Management Oil & Gas Equipment & Services REIT - Retail Software - Infrastructure Auto Parts Insurance - Property & Casualty Medical Devices Restaurants Specialty Retail Communication Equipment Drug Manufacturers - Specialty & Generic Electronic Components Oil & Gas E&P

Keywords: Bank Banking Real Estate Investment Trust Deposit Products Medicine Computing Chemical Real Estate Loans Aerospace Clothing Insurance Commercial Bank Mining Semiconductor Transport Commercial Banking Mortgage Loan Investment Management Retail Store Construction