VTWG vs. SPSM ETF Comparison

Comparison of Vanguard Russell 2000 Growth ETF (VTWG) to SPDR Portfolio Small Cap ETF (SPSM)

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

$215.34

Average Daily Volume

33,082

Number of Holdings ^*

967

* may have additional holdings in another (foreign) market

SPSM

SPDR Portfolio Small Cap ETF

SPSM Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Small Cap Index that tracks the performance of small capitalization exchange traded U.S. equity securities. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. It may purchase a subset of the securities in the index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.99

Average Daily Volume

1,561,710

Number of Holdings ^*

586

* may have additional holdings in another (foreign) market

Performance

Period	VTWG	SPSM
30 Days	2.79%	2.31%
60 Days	5.49%	3.73%
90 Days	8.15%	6.44%
12 Months	33.67%	26.90%

292 Overlapping Holdings

	Symbol	Grade	Weight in VTWG	Weight in SPSM	Overlap
	ACIW	B	0.38%	0.43%	0.38%
	ACLS	F	0.21%	0.2%	0.2%
	ADMA	C	0.27%	0.32%	0.27%
	ADUS	D	0.06%	0.16%	0.06%
	AEIS	B	0.3%	0.31%	0.3%
	AEO	F	0.21%	0.24%	0.21%
	AGYS	A	0.17%	0.18%	0.17%
	AHCO	D	0.03%	0.07%	0.03%
	AHH	D	0.0%	0.05%	0.0%
	AIN	C	0.04%	0.18%	0.04%
	AIR	B	0.03%	0.15%	0.03%
	ALG	C	0.13%	0.14%	0.13%
	ALKS	C	0.31%	0.33%	0.31%
	ALRM	C	0.19%	0.2%	0.19%
	AMN	F	0.11%	0.11%	0.11%
	AMPH	F	0.14%	0.12%	0.12%
	AMR	C	0.17%	0.18%	0.17%
	AMSF	B	0.03%	0.08%	0.03%
	AMWD	C	0.01%	0.11%	0.01%
	ANDE	F	0.01%	0.11%	0.01%
	ANIP	D	0.06%	0.07%	0.06%
	AORT	B	0.06%	0.08%	0.06%
	APAM	B	0.21%	0.23%	0.21%
	APOG	B	0.04%	0.13%	0.04%
	ARCB	C	0.18%	0.19%	0.18%
	ARLO	C	0.07%	0.08%	0.07%
	AROC	A	0.25%	0.26%	0.25%
	ASO	F	0.07%	0.26%	0.07%
	ASTH	F	0.17%	0.17%	0.17%
	ATEN	A	0.08%	0.08%	0.08%
	ATGE	B	0.04%	0.24%	0.04%
	AVAV	C	0.42%	0.43%	0.42%
	AWR	A	0.13%	0.22%	0.13%
	AX	B	0.03%	0.3%	0.03%
	AZZ	A	0.14%	0.17%	0.14%
	BANF	B	0.02%	0.17%	0.02%
	BCC	C	0.19%	0.38%	0.19%
	BCPC	B	0.4%	0.4%	0.4%
	BFS	C	0.03%	0.03%	0.03%
	BJRI	C	0.03%	0.06%	0.03%
	BKE	B	0.1%	0.09%	0.09%
	BL	C	0.23%	0.21%	0.21%
	BLFS	C	0.06%	0.07%	0.06%
	BLMN	F	0.05%	0.09%	0.05%
	BMI	C	0.44%	0.46%	0.44%
	BOOT	D	0.27%	0.28%	0.27%
	BOX	B	0.33%	0.34%	0.33%
	BSIG	A	0.05%	0.06%	0.05%
	CAKE	B	0.17%	0.15%	0.15%
	CAL	F	0.02%	0.07%	0.02%
	CALM	A	0.02%	0.25%	0.02%
	CALX	D	0.11%	0.14%	0.11%
	CARG	B	0.2%	0.2%	0.2%
	CASH	B	0.04%	0.14%	0.04%
	CBRL	C	0.02%	0.08%	0.02%
	CCOI	B	0.26%	0.25%	0.25%
	CCS	F	0.02%	0.17%	0.02%
	CENT	C	0.0%	0.02%	0.0%
	CENTA	C	0.02%	0.11%	0.02%
	CENX	B	0.07%	0.08%	0.07%
	CEVA	B	0.03%	0.05%	0.03%
	CHCO	B	0.01%	0.13%	0.01%
	CHEF	B	0.1%	0.1%	0.1%
	CLB	C	0.07%	0.07%	0.07%
	CNK	A	0.19%	0.23%	0.19%
	CNMD	C	0.16%	0.16%	0.16%
	CNS	B	0.2%	0.19%	0.19%
	COLL	F	0.08%	0.08%	0.08%
	COOP	B	0.15%	0.44%	0.15%
	CORT	C	0.29%	0.35%	0.29%
	CPRX	C	0.18%	0.18%	0.18%
	CRGY	A	0.03%	0.14%	0.03%
	CRS	A	0.53%	0.61%	0.53%
	CRSR	D	0.0%	0.02%	0.0%
	CRVL	A	0.2%	0.22%	0.2%
	CSGS	B	0.1%	0.11%	0.1%
	CSWI	A	0.43%	0.48%	0.43%
	CTRE	C	0.03%	0.36%	0.03%
	CTS	C	0.09%	0.12%	0.09%
	CVCO	A	0.25%	0.26%	0.25%
	CVI	D	0.04%	0.04%	0.04%
	CWT	C	0.06%	0.21%	0.06%
	CXM	C	0.07%	0.06%	0.06%
	DFIN	D	0.07%	0.12%	0.07%
	DIOD	F	0.02%	0.2%	0.02%
	DOCN	D	0.19%	0.17%	0.17%
	DORM	B	0.22%	0.25%	0.22%
	DVAX	C	0.09%	0.1%	0.09%
	DXPE	B	0.0%	0.06%	0.0%
	DY	C	0.37%	0.36%	0.36%
	EAT	A	0.3%	0.34%	0.3%
	EMBC	D	0.01%	0.06%	0.01%
	ENR	B	0.17%	0.15%	0.15%
	ENV	B	0.24%	0.22%	0.22%
	EPAC	B	0.18%	0.19%	0.18%
	ESE	B	0.12%	0.25%	0.12%
	EVTC	B	0.16%	0.16%	0.16%
	EXPI	C	0.08%	0.09%	0.08%
	EXTR	C	0.07%	0.15%	0.07%
	EYE	C	0.0%	0.06%	0.0%
	FBP	B	0.02%	0.24%	0.02%
	FELE	B	0.32%	0.3%	0.3%
	FIZZ	C	0.08%	0.08%	0.08%
	FORM	F	0.22%	0.23%	0.22%
	FSS	B	0.36%	0.38%	0.36%
	FTDR	B	0.29%	0.3%	0.29%
	FUL	F	0.08%	0.3%	0.08%
	GFF	B	0.18%	0.19%	0.18%
	GKOS	A	0.48%	0.53%	0.48%
	GMS	B	0.24%	0.27%	0.24%
	GOGO	C	0.01%	0.03%	0.01%
	GRBK	D	0.04%	0.15%	0.04%
	GSHD	B	0.18%	0.19%	0.18%
	GVA	A	0.23%	0.29%	0.23%
	HBI	B	0.18%	0.2%	0.18%
	HCI	C	0.07%	0.07%	0.07%
	HI	C	0.05%	0.15%	0.05%
	HIMS	C	0.26%	0.31%	0.26%
	HLIT	D	0.09%	0.1%	0.09%
	HLX	C	0.02%	0.1%	0.02%
	HNI	B	0.08%	0.18%	0.08%
	HRMY	F	0.07%	0.09%	0.07%
	HSTM	A	0.02%	0.05%	0.02%
	HTLD	B	0.02%	0.04%	0.02%
	HWKN	B	0.15%	0.16%	0.15%
	IBP	F	0.38%	0.35%	0.35%
	ICHR	C	0.02%	0.08%	0.02%
	IDCC	B	0.28%	0.31%	0.28%
	IIIN	D	0.02%	0.04%	0.02%
	INVA	C	0.01%	0.08%	0.01%
	IOSP	C	0.17%	0.21%	0.17%
	IPAR	C	0.16%	0.16%	0.16%
	IRWD	F	0.01%	0.05%	0.01%
	ITGR	B	0.21%	0.31%	0.21%
	ITRI	B	0.34%	0.38%	0.34%
	JACK	D	0.07%	0.06%	0.06%
	JBSS	F	0.05%	0.05%	0.05%
	JBT	A	0.02%	0.26%	0.02%
	JJSF	C	0.19%	0.19%	0.19%
	JOE	F	0.14%	0.14%	0.14%
	KALU	C	0.08%	0.09%	0.08%
	KLG	D	0.08%	0.09%	0.08%
	KLIC	C	0.18%	0.18%	0.18%
	KREF	D	0.01%	0.05%	0.01%
	KRYS	C	0.32%	0.33%	0.32%
	KTB	A	0.35%	0.31%	0.31%
	KWR	D	0.16%	0.16%	0.16%
	LBRT	F	0.01%	0.21%	0.01%
	LCII	D	0.2%	0.2%	0.2%
	LESL	C	0.02%	0.04%	0.02%
	LGIH	F	0.01%	0.16%	0.01%
	LKFN	B	0.01%	0.13%	0.01%
	LMAT	A	0.13%	0.14%	0.13%
	LNN	B	0.05%	0.1%	0.05%
	LPG	F	0.04%	0.07%	0.04%
	LQDT	A	0.03%	0.04%	0.03%
	LRN	A	0.29%	0.29%	0.29%
	MARA	C	0.28%	0.39%	0.28%
	MC	B	0.35%	0.38%	0.35%
	MCRI	A	0.07%	0.07%	0.07%
	MCW	C	0.05%	0.05%	0.05%
	MCY	B	0.02%	0.13%	0.02%
	MGEE	A	0.1%	0.24%	0.1%
	MGPI	F	0.05%	0.05%	0.05%
	MGY	A	0.3%	0.35%	0.3%
	MLAB	F	0.01%	0.04%	0.01%
	MLI	B	0.63%	0.73%	0.63%
	MMSI	A	0.42%	0.41%	0.41%
	MOG.A	B	0.4%	0.44%	0.4%
	MRTN	C	0.01%	0.07%	0.01%
	MSEX	B	0.01%	0.08%	0.01%
	MTRN	C	0.15%	0.17%	0.15%
	MXL	C	0.07%	0.08%	0.07%
	MYE	F	0.03%	0.03%	0.03%
	MYRG	C	0.16%	0.17%	0.16%
	NABL	F	0.06%	0.06%	0.06%
	NARI	C	0.19%	0.18%	0.18%
	NATL	B	0.14%	0.14%	0.14%
	NBR	D	0.02%	0.05%	0.02%
	NEO	C	0.01%	0.14%	0.01%
	NGVT	C	0.11%	0.12%	0.11%
	NMIH	D	0.02%	0.21%	0.02%
	NOG	B	0.02%	0.28%	0.02%
	NPO	A	0.02%	0.24%	0.02%
	NSIT	F	0.36%	0.33%	0.33%
	NVEE	F	0.02%	0.09%	0.02%
	OII	B	0.18%	0.2%	0.18%
	OMI	F	0.01%	0.07%	0.01%
	OSIS	A	0.15%	0.16%	0.15%
	OTTR	C	0.11%	0.24%	0.11%
	OUT	A	0.08%	0.17%	0.08%
	OXM	F	0.06%	0.08%	0.06%
	PAHC	B	0.01%	0.03%	0.01%
	PATK	D	0.2%	0.2%	0.2%
	PAYO	A	0.14%	0.19%	0.14%
	PBI	B	0.03%	0.09%	0.03%
	PCRX	C	0.0%	0.06%	0.0%
	PDCO	F	0.02%	0.12%	0.02%
	PDFS	D	0.07%	0.07%	0.07%
	PECO	A	0.05%	0.33%	0.05%
	PGNY	F	0.09%	0.09%	0.09%
	PI	D	0.32%	0.32%	0.32%
	PIPR	B	0.36%	0.37%	0.36%
	PJT	B	0.24%	0.26%	0.24%
	PLAB	D	0.04%	0.11%	0.04%
	PLAY	D	0.09%	0.09%	0.09%
	PLMR	A	0.16%	0.17%	0.16%
	PLUS	F	0.12%	0.18%	0.12%
	PLXS	B	0.09%	0.31%	0.09%
	POWL	C	0.18%	0.22%	0.18%
	PRG	C	0.02%	0.14%	0.02%
	PRGS	B	0.2%	0.2%	0.2%
	PRVA	C	0.14%	0.16%	0.14%
	PSMT	D	0.1%	0.16%	0.1%
	PTGX	D	0.2%	0.19%	0.19%
	PZZA	F	0.09%	0.13%	0.09%
	QNST	C	0.08%	0.09%	0.08%
	RAMP	C	0.12%	0.13%	0.12%
	RCUS	F	0.06%	0.06%	0.06%
	RDNT	B	0.32%	0.32%	0.32%
	REX	D	0.01%	0.05%	0.01%
	RGR	F	0.01%	0.05%	0.01%
	ROCK	D	0.07%	0.15%	0.07%
	RXO	C	0.28%	0.27%	0.27%
	SABR	B	0.02%	0.09%	0.02%
	SAH	B	0.02%	0.07%	0.02%
	SCL	D	0.01%	0.12%	0.01%
	SDGR	C	0.07%	0.07%	0.07%
	SEM	B	0.18%	0.28%	0.18%
	SFBS	B	0.09%	0.33%	0.09%
	SHAK	C	0.34%	0.36%	0.34%
	SHOO	D	0.24%	0.23%	0.23%
	SITM	B	0.23%	0.29%	0.23%
	SKT	A	0.1%	0.27%	0.1%
	SLP	F	0.03%	0.03%	0.03%
	SLVM	C	0.05%	0.22%	0.05%
	SM	C	0.06%	0.34%	0.06%
	SMPL	B	0.23%	0.22%	0.22%
	SMTC	C	0.21%	0.26%	0.21%
	SNCY	C	0.02%	0.04%	0.02%
	SNEX	B	0.02%	0.19%	0.02%
	SONO	C	0.1%	0.11%	0.1%
	SPNT	A	0.01%	0.09%	0.01%
	SPSC	F	0.45%	0.48%	0.45%
	SSTK	F	0.05%	0.06%	0.05%
	STAA	F	0.11%	0.11%	0.11%
	STEP	B	0.28%	0.28%	0.28%
	SUPN	B	0.01%	0.14%	0.01%
	SXI	B	0.12%	0.17%	0.12%
	SXT	C	0.22%	0.24%	0.22%
	TBBK	B	0.18%	0.18%	0.18%
	TDW	F	0.22%	0.21%	0.21%
	TFIN	B	0.13%	0.14%	0.13%
	TGTX	B	0.26%	0.26%	0.26%
	THRM	F	0.1%	0.1%	0.1%
	THRY	F	0.03%	0.03%	0.03%
	TILE	B	0.01%	0.1%	0.01%
	TMDX	F	0.19%	0.2%	0.19%
	TNC	F	0.05%	0.12%	0.05%
	TNDM	F	0.15%	0.15%	0.15%
	TPH	D	0.08%	0.27%	0.08%
	TRN	A	0.19%	0.21%	0.19%
	TRUP	B	0.13%	0.11%	0.11%
	TTGT	B	0.05%	0.05%	0.05%
	UCTT	F	0.11%	0.12%	0.11%
	UFPT	C	0.14%	0.18%	0.14%
	UHT	D	0.03%	0.04%	0.03%
	UPBD	C	0.12%	0.11%	0.11%
	URBN	C	0.05%	0.15%	0.05%
	USPH	C	0.09%	0.1%	0.09%
	VCEL	A	0.16%	0.17%	0.16%
	VECO	F	0.1%	0.11%	0.1%
	VICR	C	0.04%	0.09%	0.04%
	VRRM	F	0.32%	0.27%	0.27%
	VRTS	B	0.09%	0.11%	0.09%
	VSCO	A	0.04%	0.19%	0.04%
	VVI	B	0.06%	0.06%	0.06%
	VYX	C	0.13%	0.14%	0.13%
	WD	D	0.19%	0.25%	0.19%
	WDFC	B	0.26%	0.25%	0.25%
	WERN	B	0.02%	0.17%	0.02%
	WHD	B	0.29%	0.31%	0.29%
	WKC	D	0.01%	0.12%	0.01%
	WOR	F	0.08%	0.09%	0.08%
	WRLD	D	0.03%	0.03%	0.03%
	WT	A	0.11%	0.09%	0.09%
	WWW	A	0.09%	0.12%	0.09%
	XNCR	B	0.04%	0.1%	0.04%
	XPEL	C	0.07%	0.07%	0.07%
	YELP	C	0.17%	0.17%	0.17%
	YOU	D	0.24%	0.18%	0.18%
	ZWS	B	0.36%	0.39%	0.36%

VTWG Overweight 675 Positions Relative to SPSM

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

VTWG Underweight 294 Positions Relative to SPSM

	Symbol	Grade	Weight
	LUMN	C	-0.65%
	CMA	B	-0.63%
	JXN	C	-0.58%
	RHI	C	-0.54%
	VFC	C	-0.5%
	BBWI	C	-0.49%
	ATI	C	-0.49%
	MTH	D	-0.47%
	AWI	B	-0.46%
	ALK	A	-0.45%
	ETSY	D	-0.43%
	LNC	B	-0.42%
	INSP	F	-0.41%
	EPRT	A	-0.39%
	MATX	B	-0.38%
	SEE	D	-0.36%
	ABG	B	-0.36%
	SLG	B	-0.36%
	GPI	B	-0.36%
	ACA	A	-0.35%
	RDN	D	-0.35%
	AL	B	-0.34%
	GTES	A	-0.33%
	SANM	B	-0.32%
	ABCB	B	-0.31%
	SKYW	B	-0.31%
	MHO	D	-0.31%
	AGO	A	-0.3%
	BGC	C	-0.3%
	SIG	C	-0.3%
	ICUI	D	-0.3%
	KFY	B	-0.29%
	OGN	F	-0.29%
	MAC	A	-0.29%
	PBH	A	-0.28%
	DXC	D	-0.28%
	IAC	D	-0.27%
	RUSHA	B	-0.27%
	HCC	B	-0.27%
	CRC	A	-0.27%
	FULT	B	-0.26%
	HASI	F	-0.26%
	UCB	A	-0.26%
	AUB	B	-0.26%
	NWL	B	-0.26%
	MSGS	B	-0.26%
	CBU	B	-0.25%
	MDU	D	-0.25%
	HP	C	-0.25%
	HIW	D	-0.25%
	ABM	B	-0.25%
	BTU	C	-0.25%
	CATY	B	-0.25%
	CWK	C	-0.24%
	CEIX	A	-0.24%
	FHB	B	-0.24%
	APLE	B	-0.24%
	BXMT	C	-0.23%
	WSFS	B	-0.23%
	GEO	A	-0.23%
	BRC	C	-0.23%
	IIPR	F	-0.22%
	SATS	C	-0.22%
	TDS	B	-0.22%
	REZI	A	-0.22%
	TGNA	B	-0.22%
	DEI	B	-0.22%
	WAFD	B	-0.21%
	BFH	B	-0.21%
	INDB	B	-0.21%
	PTEN	C	-0.21%
	GNW	A	-0.21%
	PENN	C	-0.21%
	ARCH	B	-0.21%
	BOH	B	-0.21%
	SFNC	B	-0.21%
	LXP	D	-0.2%
	CVBF	B	-0.2%
	ABR	B	-0.2%
	AVA	C	-0.2%
	BKU	A	-0.2%
	HUBG	A	-0.2%
	UNF	B	-0.2%
	PPBI	B	-0.19%
	FFBC	B	-0.19%
	MPW	F	-0.19%
	VIRT	A	-0.19%
	CPK	A	-0.19%
	PFS	B	-0.19%
	DV	C	-0.19%
	PRK	B	-0.19%
	UE	A	-0.19%
	FCPT	C	-0.18%
	VSTO	A	-0.18%
	TTMI	B	-0.18%
	RUN	F	-0.18%
	ENVA	B	-0.18%
	MTX	C	-0.18%
	AKR	A	-0.18%
	STRA	C	-0.17%
	OMCL	C	-0.17%
	PINC	B	-0.17%
	CXW	B	-0.17%
	MP	C	-0.17%
	BANR	B	-0.17%
	SBCF	B	-0.17%
	KMT	C	-0.16%
	NBTB	B	-0.16%
	CWEN	C	-0.16%
	HAYW	B	-0.16%
	IBTX	B	-0.16%
	AAP	D	-0.16%
	VIAV	C	-0.16%
	RNST	B	-0.16%
	TRMK	B	-0.16%
	LGND	C	-0.16%
	MRCY	C	-0.15%
	KAR	A	-0.15%
	B	A	-0.15%
	SHO	D	-0.15%
	ZD	B	-0.15%
	ROIC	A	-0.15%
	BANC	B	-0.15%
	PHIN	B	-0.15%
	STC	B	-0.14%
	OI	D	-0.14%
	GBX	B	-0.14%
	OFG	B	-0.14%
	KSS	F	-0.14%
	FL	F	-0.14%
	JBLU	F	-0.13%
	FBNC	B	-0.13%
	BHE	B	-0.13%
	NWBI	B	-0.13%
	NBHC	B	-0.13%
	FCF	B	-0.13%
	ROG	D	-0.13%
	FBK	B	-0.13%
	DRH	B	-0.13%
	SJW	F	-0.12%
	LTC	B	-0.12%
	GO	C	-0.12%
	HMN	B	-0.12%
	MLKN	F	-0.12%
	TRIP	F	-0.12%
	KN	B	-0.12%
	IART	C	-0.12%
	LZB	B	-0.12%
	ADNT	F	-0.12%
	WGO	D	-0.12%
	THS	F	-0.12%
	CABO	C	-0.12%
	EPC	F	-0.12%
	ELME	D	-0.11%
	XHR	B	-0.11%
	PRDO	B	-0.11%
	GTY	A	-0.11%
	NWN	A	-0.11%
	WS	B	-0.11%
	GNL	D	-0.11%
	NTCT	C	-0.11%
	STBA	B	-0.11%
	VBTX	B	-0.11%
	PEB	F	-0.11%
	NHC	B	-0.11%
	MYGN	F	-0.11%
	VSTS	F	-0.11%
	FTRE	D	-0.11%
	LEG	F	-0.11%
	HOPE	B	-0.11%
	MODG	F	-0.1%
	ALEX	B	-0.1%
	UNIT	B	-0.1%
	HELE	C	-0.1%
	SNDR	B	-0.1%
	NX	C	-0.1%
	VRE	A	-0.1%
	DNOW	B	-0.1%
	TALO	C	-0.1%
	FOXF	F	-0.1%
	JBGS	F	-0.1%
	WABC	B	-0.1%
	HTH	B	-0.1%
	CUBI	C	-0.1%
	GIII	D	-0.09%
	UNFI	B	-0.09%
	SAFT	B	-0.09%
	BHLB	B	-0.09%
	UVV	B	-0.09%
	EIG	B	-0.09%
	DEA	D	-0.09%
	KW	B	-0.09%
	AAT	A	-0.09%
	COHU	D	-0.09%
	SBH	B	-0.09%
	MD	C	-0.09%
	CARS	C	-0.08%
	BRKL	B	-0.08%
	FBRT	C	-0.08%
	EFC	C	-0.08%
	CSR	A	-0.08%
	DAN	F	-0.08%
	FDP	B	-0.08%
	PFBC	B	-0.08%
	SCSC	B	-0.08%
	DGII	B	-0.08%
	ARI	C	-0.08%
	PMT	D	-0.08%
	DCOM	A	-0.08%
	ECPG	C	-0.08%
	RC	D	-0.08%
	CRK	A	-0.08%
	TGI	A	-0.08%
	NAVI	F	-0.08%
	CERT	F	-0.08%
	RWT	D	-0.07%
	MMI	B	-0.07%
	PRAA	C	-0.07%
	PRLB	C	-0.07%
	NXRT	A	-0.07%
	SBSI	B	-0.07%
	DLX	B	-0.07%
	SXC	A	-0.07%
	XRX	F	-0.07%
	ALGT	C	-0.07%
	WOLF	F	-0.07%
	VSAT	F	-0.06%
	CPF	B	-0.06%
	VTLE	C	-0.06%
	ASIX	C	-0.06%
	PRA	B	-0.06%
	EGBN	B	-0.06%
	WNC	D	-0.06%
	SEDG	F	-0.06%
	ASTE	C	-0.06%
	CFFN	B	-0.06%
	HCSG	C	-0.06%
	MNRO	C	-0.06%
	VIR	F	-0.06%
	PARR	F	-0.06%
	CWEN	C	-0.06%
	CNXN	D	-0.06%
	TMP	B	-0.06%
	HFWA	B	-0.06%
	ODP	F	-0.06%
	BDN	C	-0.06%
	VTOL	B	-0.06%
	AVNS	F	-0.06%
	UTL	C	-0.06%
	HSII	B	-0.06%
	HPP	F	-0.05%
	GDEN	B	-0.05%
	SCHL	F	-0.05%
	SPTN	F	-0.05%
	HAIN	D	-0.05%
	SCVL	F	-0.05%
	TRST	B	-0.05%
	INN	D	-0.05%
	GDOT	D	-0.05%
	FWRD	D	-0.05%
	SMP	C	-0.05%
	AXL	C	-0.05%
	HAFC	B	-0.05%
	MATV	F	-0.05%
	SWI	B	-0.05%
	MATW	C	-0.05%
	GPRE	F	-0.05%
	CTKB	C	-0.05%
	HAYN	A	-0.05%
	KOP	C	-0.05%
	TR	B	-0.04%
	RES	F	-0.04%
	RGNX	D	-0.04%
	UFCS	A	-0.04%
	BGS	F	-0.04%
	SVC	F	-0.04%
	AMBC	C	-0.04%
	NVRI	F	-0.04%
	SHEN	F	-0.04%
	KELYA	F	-0.04%
	EZPW	A	-0.04%
	MTUS	D	-0.04%
	WSR	A	-0.04%
	PUMP	D	-0.04%
	HZO	F	-0.04%
	AOSL	C	-0.04%
	ETD	D	-0.04%
	CNSL	B	-0.03%
	HTZ	C	-0.03%
	NPK	C	-0.03%
	USNA	C	-0.03%
	FLGT	F	-0.03%
	GES	F	-0.03%
	TWI	F	-0.02%

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

SPSM: Top Represented Industries & Keywords

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

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