VTWV vs. VIS ETF Comparison

Comparison of Vanguard Russell 2000 Value ETF (VTWV) to Vanguard Industrials ETF - DNQ (VIS)

VTWV

Vanguard Russell 2000 Value ETF

VTWV Description

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

$157.24

Average Daily Volume

31,427

Number of Holdings ^*

1276

* may have additional holdings in another (foreign) market

VIS

Vanguard Industrials ETF - DNQ

VIS Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Industrials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the industrials sector, as classified under the Global Industry Classification Standard (GICS). 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. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$275.77

Average Daily Volume

69,422

Number of Holdings ^*

361

* may have additional holdings in another (foreign) market

Performance

Period	VTWV	VIS
30 Days	7.85%	5.31%
60 Days	7.03%	7.34%
90 Days	7.08%	10.85%
12 Months	32.26%	36.96%

131 Overlapping Holdings

Symbol	Grade	Weight in VTWV	Weight in VIS	Overlap
ABM	B	0.25%	0.06%	0.06%
ACA	A	0.35%	0.08%	0.08%
ACCO	C	0.03%	0.01%	0.01%
ACHR	B	0.0%	0.01%	0.0%
AIN	C	0.12%	0.04%	0.04%
AIR	B	0.12%	0.04%	0.04%
ALGT	B	0.08%	0.02%	0.02%
ALIT	C	0.22%	0.05%	0.05%
AMRC	F	0.05%	0.02%	0.02%
AMWD	C	0.1%	0.03%	0.03%
APOG	B	0.08%	0.03%	0.03%
ASLE	C	0.01%	0.0%	0.0%
ASTE	B	0.05%	0.01%	0.01%
ATSG	B	0.07%	0.02%	0.02%
AZZ	B	0.03%	0.04%	0.03%
B	B	0.17%	0.04%	0.04%
BBSI	B	0.01%	0.02%	0.01%
BCC	B	0.21%	0.1%	0.1%
BE	B	0.01%	0.04%	0.01%
BECN	B	0.03%	0.11%	0.03%
BLNK	F	0.01%	0.0%	0.0%
BV	B	0.07%	0.02%	0.02%
BXC	B	0.07%	0.02%	0.02%
CHPT	F	0.02%	0.01%	0.01%
CMCO	B	0.07%	0.02%	0.02%
CMPR	D	0.03%	0.02%	0.02%
CNDT	C	0.04%	0.01%	0.01%
CXW	B	0.12%	0.03%	0.03%
DCO	C	0.06%	0.01%	0.01%
DDD	D	0.03%	0.01%	0.01%
DLX	B	0.06%	0.02%	0.02%
DNOW	B	0.09%	0.02%	0.02%
DXPE	B	0.04%	0.01%	0.01%
EAF	C	0.0%	0.01%	0.0%
EBF	F	0.04%	0.01%	0.01%
ENS	D	0.02%	0.07%	0.02%
ESE	B	0.13%	0.06%	0.06%
FA	C	0.02%	0.02%	0.02%
FCEL	B	0.01%	0.0%	0.0%
FLR	B	0.06%	0.16%	0.06%
FORR	D	0.01%	0.0%	0.0%
FREY	B	0.01%	0.0%	0.0%
FWRD	D	0.07%	0.01%	0.01%
GATX	A	0.37%	0.09%	0.09%
GBX	A	0.14%	0.03%	0.03%
GEO	B	0.14%	0.04%	0.04%
GLDD	B	0.06%	0.01%	0.01%
GMS	B	0.03%	0.07%	0.03%
GNK	D	0.05%	0.01%	0.01%
GVA	A	0.05%	0.07%	0.05%
HCSG	C	0.06%	0.01%	0.01%
HDSN	F	0.02%	0.01%	0.01%
HEES	B	0.01%	0.03%	0.01%
HI	C	0.1%	0.04%	0.04%
HLIO	B	0.04%	0.03%	0.03%
HNI	B	0.09%	0.04%	0.04%
HSII	B	0.06%	0.01%	0.01%
HTLD	B	0.02%	0.01%	0.01%
HTZ	C	0.03%	0.01%	0.01%
HUBG	A	0.2%	0.05%	0.05%
HY	D	0.02%	0.01%	0.01%
IIIN	C	0.02%	0.01%	0.01%
JBLU	F	0.14%	0.03%	0.03%
JBT	B	0.25%	0.06%	0.06%
JELD	F	0.06%	0.02%	0.02%
KAR	B	0.13%	0.03%	0.03%
KELYA	F	0.05%	0.01%	0.01%
KFY	B	0.28%	0.07%	0.07%
KMT	B	0.15%	0.03%	0.03%
KTOS	B	0.14%	0.06%	0.06%
LNN	B	0.05%	0.02%	0.02%
LXFR	C	0.03%	0.01%	0.01%
MATW	C	0.05%	0.01%	0.01%
MATX	C	0.4%	0.1%	0.1%
MLI	C	0.05%	0.16%	0.05%
MLKN	D	0.12%	0.03%	0.03%
MLR	B	0.05%	0.01%	0.01%
MRC	B	0.08%	0.02%	0.02%
MRCY	B	0.13%	0.03%	0.03%
MRTN	C	0.05%	0.02%	0.02%
MTW	C	0.03%	0.01%	0.01%
NPK	B	0.03%	0.01%	0.01%
NPO	A	0.21%	0.05%	0.05%
NRGV	C	0.02%	0.0%	0.0%
NVEE	F	0.08%	0.02%	0.02%
NVRI	F	0.05%	0.01%	0.01%
NX	C	0.1%	0.03%	0.03%
PBI	B	0.06%	0.02%	0.02%
PL	A	0.04%	0.01%	0.01%
PLOW	D	0.01%	0.01%	0.01%
PLPC	B	0.02%	0.01%	0.01%
PLUG	F	0.1%	0.03%	0.03%
PRIM	A	0.02%	0.06%	0.02%
PRLB	A	0.05%	0.01%	0.01%
REVG	B	0.02%	0.02%	0.02%
REZI	A	0.22%	0.05%	0.05%
RGP	F	0.02%	0.0%	0.0%
ROCK	C	0.08%	0.04%	0.04%
RUN	F	0.24%	0.06%	0.06%
RUSHA	C	0.26%	0.06%	0.06%
SAVE	D	0.02%	0.0%	0.0%
SCS	C	0.08%	0.02%	0.02%
SES	F	0.0%	0.0%	0.0%
SHYF	C	0.03%	0.01%	0.01%
SKYW	B	0.29%	0.07%	0.07%
SNCY	C	0.02%	0.01%	0.01%
SPCE	D	0.01%	0.0%	0.0%
SRCL	C	0.02%	0.01%	0.01%
SRCL	C	0.02%	0.11%	0.02%
STEM	F	0.0%	0.0%	0.0%
SXI	B	0.04%	0.04%	0.04%
TBI	F	0.02%	0.0%	0.0%
TEX	D	0.26%	0.06%	0.06%
TGI	B	0.08%	0.02%	0.02%
THR	B	0.06%	0.02%	0.02%
TILE	B	0.07%	0.02%	0.02%
TITN	C	0.02%	0.01%	0.01%
TNC	D	0.07%	0.03%	0.03%
TPC	C	0.08%	0.02%	0.02%
TPIC	F	0.01%	0.0%	0.0%
TRN	B	0.02%	0.05%	0.02%
TTEC	F	0.01%	0.0%	0.0%
TWI	F	0.02%	0.01%	0.01%
UFPI	B	0.24%	0.14%	0.14%
ULH	B	0.01%	0.01%	0.01%
UNF	B	0.21%	0.05%	0.05%
VICR	B	0.04%	0.02%	0.02%
VSEC	C	0.1%	0.03%	0.03%
WERN	C	0.15%	0.04%	0.04%
WNC	C	0.06%	0.01%	0.01%
ZWS	B	0.02%	0.1%	0.02%

VTWV Overweight 1146 Positions Relative to VIS

Symbol	Grade	Weight
JXN	C	0.58%
SSB	B	0.56%
TMHC	B	0.53%
LUMN	C	0.49%
MTH	D	0.49%
ESNT	D	0.48%
CMC	B	0.47%
ONB	B	0.46%
CADE	B	0.46%
GBCI	B	0.45%
SUM	B	0.44%
TRNO	F	0.43%
EPRT	B	0.42%
KRG	B	0.42%
CYTK	F	0.4%
RDN	C	0.4%
HOMB	A	0.39%
SLG	B	0.38%
UBSI	B	0.38%
CNX	A	0.38%
POR	C	0.37%
GPI	A	0.37%
UMBF	B	0.37%
KBH	D	0.35%
MUR	D	0.35%
ABG	B	0.35%
IRT	A	0.34%
SWX	B	0.34%
CTRE	D	0.34%
SBRA	C	0.34%
NJR	A	0.34%
HWC	B	0.34%
AVNT	B	0.32%
ORA	B	0.32%
OGS	A	0.31%
MHO	D	0.31%
MAC	B	0.31%
BKH	A	0.31%
ABCB	B	0.31%
VLY	B	0.31%
ESGR	B	0.31%
HASI	D	0.3%
PECO	A	0.3%
SM	B	0.3%
SIG	B	0.3%
PNM	F	0.3%
SANM	B	0.29%
HL	D	0.29%
CDP	C	0.28%
CNO	A	0.28%
SR	A	0.28%
PRMW	C	0.28%
IIPR	D	0.28%
PBH	A	0.28%
ICUI	D	0.28%
ALE	A	0.28%
ASB	B	0.27%
TCBI	B	0.27%
COOP	B	0.27%
CRC	A	0.27%
GLNG	D	0.27%
NOG	A	0.26%
APLE	B	0.26%
AUB	B	0.26%
CALM	A	0.26%
UCB	A	0.26%
BGC	C	0.26%
ASGN	F	0.25%
HP	B	0.25%
CEIX	A	0.25%
HCC	B	0.25%
FULT	A	0.25%
NWE	A	0.25%
AX	A	0.25%
PCH	D	0.25%
IBOC	A	0.25%
BNL	D	0.25%
BTU	B	0.25%
CWK	B	0.24%
NEOG	F	0.24%
BXMT	C	0.24%
EBC	B	0.24%
RIG	D	0.24%
NPAB	B	0.24%
CATY	B	0.24%
CBU	B	0.24%
NHI	D	0.24%
PTEN	C	0.23%
SFBS	B	0.23%
SATS	D	0.23%
RVMD	C	0.22%
FBP	B	0.22%
DEI	B	0.22%
FUL	F	0.22%
SFNC	B	0.22%
GNW	A	0.22%
WSFS	A	0.22%
AVA	A	0.22%
TDS	B	0.22%
PBF	D	0.22%
BUR	C	0.21%
ABR	C	0.21%
UE	C	0.21%
STNG	F	0.21%
LXP	D	0.21%
PLXS	B	0.21%
GHC	C	0.21%
TGNA	B	0.21%
NMIH	D	0.21%
BOH	B	0.21%
CVBF	A	0.2%
ARCH	B	0.2%
MIR	A	0.2%
VCYT	B	0.2%
LBRT	D	0.2%
BKU	A	0.2%
TPH	D	0.2%
CPK	A	0.2%
LIVN	F	0.2%
ASO	F	0.2%
INDB	B	0.2%
FIBK	A	0.19%
PPBI	B	0.19%
SYNA	C	0.19%
ATGE	B	0.19%
PRK	B	0.19%
BFH	B	0.19%
SKY	A	0.19%
AGIO	C	0.19%
AKR	B	0.19%
HTLF	B	0.19%
FCPT	C	0.19%
CDE	D	0.19%
VSTO	A	0.19%
SLVM	B	0.18%
PFS	B	0.18%
DIOD	D	0.18%
MTX	B	0.18%
FFBC	A	0.18%
BANR	B	0.17%
ENVA	B	0.17%
CWT	D	0.17%
SGRY	F	0.17%
OMCL	C	0.17%
SNEX	B	0.17%
AUR	C	0.17%
SBCF	A	0.17%
TTMI	B	0.17%
WAFD	B	0.17%
GT	C	0.17%
TOWN	B	0.17%
RIOT	C	0.17%
NBTB	B	0.16%
SHO	C	0.16%
OPCH	D	0.16%
RNST	B	0.16%
EQC	B	0.16%
ZD	B	0.16%
TRMK	B	0.16%
IBTX	B	0.16%
BANC	A	0.16%
VSH	D	0.16%
SKT	B	0.16%
BDC	B	0.16%
FRME	B	0.16%
CCS	D	0.16%
ROIC	A	0.15%
STRA	C	0.15%
CABO	C	0.15%
FL	F	0.15%
EFSC	B	0.15%
MYGN	F	0.15%
LGIH	D	0.15%
IGT	F	0.15%
IVT	B	0.15%
NMRK	B	0.15%
PHIN	A	0.15%
VIAV	B	0.15%
PRM	C	0.14%
OTTR	C	0.14%
DRH	B	0.14%
LGND	B	0.14%
WSBC	B	0.14%
VSCO	B	0.14%
DBRG	F	0.14%
SJW	D	0.14%
OFG	B	0.14%
STC	B	0.14%
ROG	D	0.14%
MGEE	C	0.14%
BANF	B	0.14%
LTC	B	0.13%
SYBT	B	0.13%
URBN	C	0.13%
NBHC	B	0.13%
FCF	A	0.13%
FBNC	A	0.13%
BEAM	D	0.13%
KNTK	B	0.13%
NWBI	B	0.13%
HE	C	0.13%
NTB	B	0.13%
EPC	D	0.13%
OI	C	0.13%
AKRO	B	0.13%
THS	D	0.13%
FBK	B	0.13%
ADNT	F	0.13%
INSW	F	0.13%
LKFN	B	0.12%
PRG	C	0.12%
FOXF	F	0.12%
STNE	F	0.12%
HMN	B	0.12%
BHE	B	0.12%
LC	A	0.12%
GRBK	D	0.12%
GTY	B	0.12%
GEF	A	0.12%
GNL	F	0.12%
MCY	A	0.12%
CHCO	B	0.12%
WGO	C	0.12%
SUPN	C	0.12%
NEO	C	0.12%
OUT	A	0.12%
NNI	D	0.12%
LZB	B	0.12%
RRR	D	0.11%
DHT	F	0.11%
PEB	D	0.11%
COMM	D	0.11%
JBGS	D	0.11%
VBTX	B	0.11%
ESRT	C	0.11%
HTH	B	0.11%
TROX	D	0.11%
XHR	B	0.11%
CODI	B	0.11%
HOPE	B	0.11%
NTCT	C	0.11%
NHC	C	0.11%
STBA	B	0.11%
HELE	C	0.11%
PRDO	B	0.11%
NWN	A	0.11%
SASR	B	0.11%
ELME	D	0.11%
AMC	C	0.11%
TALO	C	0.11%
KN	B	0.11%
SKWD	A	0.1%
LILAK	D	0.1%
IART	C	0.1%
ARI	C	0.1%
CENTA	C	0.1%
CASH	A	0.1%
VRE	B	0.1%
TVTX	B	0.1%
QCRH	A	0.1%
AAT	B	0.1%
TDOC	C	0.1%
ANDE	D	0.1%
LADR	B	0.1%
BUSE	B	0.1%
GOGL	F	0.1%
VRNT	C	0.1%
PCT	C	0.1%
ADUS	D	0.1%
DEA	D	0.1%
CRGY	B	0.1%
WABC	B	0.1%
LTH	C	0.1%
AWR	B	0.1%
SBH	C	0.1%
RLJ	B	0.1%
PDCO	D	0.1%
ALEX	C	0.1%
NTLA	F	0.1%
CUBI	B	0.1%
WKC	D	0.1%
MODG	F	0.1%
TCBK	B	0.1%
SCL	C	0.1%
DNLI	D	0.1%
CNNE	B	0.09%
NAVI	C	0.09%
COHU	C	0.09%
SAFT	C	0.09%
VAL	D	0.09%
GABC	B	0.09%
BHLB	B	0.09%
PMT	D	0.09%
INMD	C	0.09%
SPNT	A	0.09%
UNFI	A	0.09%
VSAT	F	0.09%
PFSI	D	0.09%
EIG	B	0.09%
XPRO	F	0.09%
UNIT	B	0.09%
KW	B	0.09%
DOLE	D	0.09%
UVV	B	0.09%
PDM	D	0.09%
GIII	D	0.09%
ITGR	B	0.09%
BBIO	F	0.09%
WS	B	0.09%
DAN	D	0.08%
SFL	D	0.08%
EFC	C	0.08%
BRKL	B	0.08%
AMBA	B	0.08%
ACT	D	0.08%
FBMS	B	0.08%
OPEN	D	0.08%
UMH	C	0.08%
DGII	B	0.08%
OCFC	B	0.08%
SCSC	B	0.08%
WMK	C	0.08%
NIC	B	0.08%
MD	B	0.08%
CARS	B	0.08%
PFBC	B	0.08%
CRK	B	0.08%
DCOM	A	0.08%
CSR	B	0.08%
ECPG	B	0.08%
FBRT	C	0.08%
PEBO	A	0.08%
HLX	B	0.08%
ODP	F	0.08%
TRS	B	0.08%
FDP	B	0.08%
SRCE	B	0.08%
WINA	B	0.08%
SEM	B	0.08%
RC	D	0.08%
MSGE	F	0.08%
BDN	C	0.07%
BHRB	B	0.07%
PARR	D	0.07%
PFC	A	0.07%
SXC	A	0.07%
CDNA	D	0.07%
FMBH	B	0.07%
CNOB	B	0.07%
GPOR	B	0.07%
BLX	C	0.07%
EXTR	B	0.07%
MMI	B	0.07%
LGF.A	C	0.07%
PGRE	F	0.07%
MBUU	C	0.07%
BFC	B	0.07%
BZH	B	0.07%
DX	B	0.07%
OBK	B	0.07%
PLAB	C	0.07%
IMKTA	C	0.07%
UTL	B	0.07%
SBSI	B	0.07%
XRX	F	0.07%
MSEX	B	0.07%
SABR	C	0.07%
NXRT	B	0.07%
WD	D	0.07%
RWT	D	0.07%
NTST	D	0.07%
WTTR	B	0.07%
INVA	D	0.07%
GERN	D	0.06%
PAGS	F	0.06%
PTCT	B	0.06%
ASIX	A	0.06%
CNXN	C	0.06%
AEO	F	0.06%
EMBC	C	0.06%
EYE	C	0.06%
PRA	C	0.06%
IAS	C	0.06%
ECVT	C	0.06%
DESP	B	0.06%
PLUS	F	0.06%
HAYN	C	0.06%
FIGS	F	0.06%
PSMT	C	0.06%
EGBN	B	0.06%
PRAA	C	0.06%
VTLE	C	0.06%
AOSL	C	0.06%
GPRE	F	0.06%
DHC	F	0.06%
BRSP	B	0.06%
HAIN	C	0.06%
IRON	B	0.06%
HFWA	B	0.06%
CTBI	B	0.06%
UVSP	B	0.06%
CFFN	B	0.06%
PLRX	F	0.06%
OMI	F	0.06%
VTOL	B	0.06%
BELFB	D	0.06%
MNRO	D	0.06%
ASPN	F	0.06%
HOV	D	0.06%
PLYM	F	0.06%
CBRL	C	0.06%
SIGI	C	0.06%
TMP	B	0.06%
MATV	D	0.06%
MARA	C	0.06%
BY	B	0.06%
AVNS	F	0.06%
WLY	B	0.06%
PACB	F	0.05%
SAH	A	0.05%
HPP	F	0.05%
GDEN	B	0.05%
AHCO	F	0.05%
AMAL	B	0.05%
ETWO	F	0.05%
WLDN	D	0.05%
CTKB	C	0.05%
GDOT	D	0.05%
CSTL	D	0.05%
MTUS	C	0.05%
EQBK	A	0.05%
PUMP	B	0.05%
RYI	C	0.05%
NTGR	B	0.05%
CAC	B	0.05%
SCVL	F	0.05%
TRST	B	0.05%
BLMN	F	0.05%
BBUC	B	0.05%
ICHR	C	0.05%
BMBL	D	0.05%
HZO	D	0.05%
AIV	C	0.05%
ETD	C	0.05%
BFST	C	0.05%
AMTB	B	0.05%
INN	D	0.05%
IBCP	B	0.05%
ETNB	C	0.05%
AXL	C	0.05%
NOVA	F	0.05%
NAT	F	0.05%
CGON	F	0.05%
BGS	F	0.05%
SHEN	F	0.05%
AHH	D	0.05%
MBIN	D	0.05%
MBWM	B	0.05%
GCI	D	0.05%
VIR	D	0.05%
SMP	B	0.05%
WSR	A	0.05%
XNCR	B	0.05%
AMRK	F	0.05%
CNK	B	0.05%
ORRF	B	0.05%
HAFC	A	0.05%
HBNC	B	0.05%
KOP	C	0.05%
FG	B	0.05%
ANNX	F	0.05%
VMEO	B	0.05%
SWI	B	0.05%
FCBC	B	0.05%
CFB	B	0.05%
PCRX	C	0.05%
SPTN	D	0.05%
RPAY	D	0.05%
CAL	D	0.05%
DK	C	0.05%
CPF	A	0.05%
REPL	B	0.05%
OSBC	A	0.05%
ERAS	C	0.04%
BTBT	C	0.04%
PHAT	F	0.04%
CHCT	C	0.04%
NFBK	B	0.04%
AROW	B	0.04%
RGR	F	0.04%
FUBO	F	0.04%
MPB	B	0.04%
NBR	C	0.04%
HSTM	B	0.04%
AIOT	B	0.04%
BHB	B	0.04%
PZZA	D	0.04%
CCBG	B	0.04%
AURA	D	0.04%
ARKO	C	0.04%
PKST	D	0.04%
GSBC	B	0.04%
RES	D	0.04%
EVRI	A	0.04%
HTBI	B	0.04%
CLNE	D	0.04%
NRIX	D	0.04%
IIIV	C	0.04%
AMBC	C	0.04%
OPK	C	0.04%
GTN	F	0.04%
THFF	B	0.04%
ITRI	B	0.04%
KREF	D	0.04%
ATRO	D	0.04%
FSBC	B	0.04%
EGY	D	0.04%
FMNB	B	0.04%
MCBS	B	0.04%
LFST	C	0.04%
MSBI	B	0.04%
RYAM	C	0.04%
VREX	C	0.04%
WLFC	B	0.04%
FPI	B	0.04%
CCNE	B	0.04%
SMBK	B	0.04%
LPG	F	0.04%
SVC	F	0.04%
TRTX	B	0.04%
GOOD	B	0.04%
FOR	F	0.04%
DFIN	D	0.04%
CMTG	F	0.04%
PGC	C	0.04%
SWBI	C	0.04%
ATRC	C	0.04%
REX	D	0.04%
LASR	D	0.04%
CALX	D	0.04%
OFIX	B	0.04%
CMRE	C	0.04%
NR	B	0.04%
GMRE	F	0.04%
ADPT	C	0.04%
RBCAA	B	0.04%
RLAY	F	0.04%
SMBC	B	0.04%
MCB	B	0.04%
SCHL	D	0.04%
PAYO	A	0.04%
ASC	F	0.04%
NAPA	B	0.04%
AAOI	B	0.04%
NBN	B	0.04%
HTBK	A	0.04%
WASH	C	0.04%
AMSF	B	0.04%
TRC	F	0.03%
OABI	F	0.03%
OXM	D	0.03%
IAUX	F	0.03%
LGTY	D	0.03%
TRUE	B	0.03%
FARO	B	0.03%
HBCP	B	0.03%
MGY	A	0.03%
CTS	C	0.03%
APLT	B	0.03%
ACRE	C	0.03%
BOC	C	0.03%
OLMA	F	0.03%
ZUMZ	C	0.03%
TCMD	A	0.03%
NRIM	A	0.03%
FMAO	B	0.03%
WTBA	B	0.03%
ACNB	B	0.03%
LINC	B	0.03%
GLUE	C	0.03%
ZEUS	C	0.03%
BMRC	B	0.03%
WOOF	D	0.03%
PAHC	C	0.03%
AVXL	B	0.03%
BCAL	B	0.03%
MQ	F	0.03%
UTZ	D	0.03%
VRDN	D	0.03%
SD	D	0.03%
CNSL	C	0.03%
FNKO	D	0.03%
FISI	A	0.03%
CCRN	F	0.03%
TCBX	A	0.03%
IRWD	F	0.03%
BSRR	B	0.03%
GLRE	B	0.03%
RBB	B	0.03%
NWPX	A	0.03%
RMR	F	0.03%
CVGW	D	0.03%
TERN	F	0.03%
ZIMV	D	0.03%
INDI	C	0.03%
CLDT	B	0.03%
KRNY	B	0.03%
UVE	B	0.03%
USAP	B	0.03%
SHBI	A	0.03%
IOSP	B	0.03%
FRPH	A	0.03%
RGNX	F	0.03%
TIPT	B	0.03%
MLAB	D	0.03%
CCSI	C	0.03%
SPFI	B	0.03%
NUVB	C	0.03%
HIFS	B	0.03%
EE	A	0.03%
QTRX	F	0.03%
UFCS	B	0.03%
DIN	C	0.03%
PTVE	B	0.03%
CLW	F	0.03%
VERV	F	0.03%
HCAT	D	0.03%
DAKT	B	0.03%
BALY	C	0.03%
MOFG	A	0.03%
ANET	C	0.03%
LMNR	B	0.03%
OLP	B	0.03%
USNA	C	0.03%
TRDA	B	0.03%
FFIC	B	0.03%
RDUS	C	0.03%
CARE	C	0.03%
CTO	B	0.03%
CMP	C	0.03%
LEU	C	0.03%
ALRS	D	0.03%
CLFD	D	0.03%
MNKD	C	0.03%
MDXG	B	0.03%
LAND	F	0.03%
KIDS	D	0.03%
LAUR	A	0.03%
RUSHB	B	0.03%
CLBK	B	0.03%
STGW	B	0.03%
FLGT	F	0.03%
ORIC	F	0.03%
KE	C	0.03%
YORW	D	0.03%
EAT	A	0.03%
LXU	B	0.03%
TWKS	D	0.03%
CCO	C	0.03%
CVLT	B	0.03%
AVO	C	0.03%
MCS	B	0.03%
UIS	B	0.03%
HONE	B	0.03%
LGF.A	C	0.03%
CIO	D	0.02%
TLS	F	0.02%
GCO	B	0.02%
NVRO	F	0.02%
MED	F	0.02%
JRVR	F	0.02%
PANL	F	0.02%
PSTL	D	0.02%
SRRK	B	0.02%
BLFY	B	0.02%
WEYS	C	0.02%
SSP	F	0.02%
RNGR	B	0.02%
IHRT	C	0.02%
PCB	A	0.02%
MBCN	B	0.02%
GENC	B	0.02%
TG	D	0.02%
PTON	B	0.02%
INGN	C	0.02%
LCNB	A	0.02%
BLDE	D	0.02%
IDT	B	0.02%
TSVT	F	0.02%
UTMD	F	0.02%
CPS	C	0.02%
LUNR	B	0.02%
FVCB	B	0.02%
NKTR	F	0.02%
ALT	C	0.02%
RM	D	0.02%
TSBK	B	0.02%
NWFL	C	0.02%
RMAX	C	0.02%
PINE	C	0.02%
REI	D	0.02%
GDYN	B	0.02%
APEI	B	0.02%
CRMT	C	0.02%
PCYO	B	0.02%
PKBK	A	0.02%
ATNI	F	0.02%
INZY	F	0.02%
DH	D	0.02%
MVBF	B	0.02%
LE	D	0.02%
AMRX	C	0.02%
DBI	F	0.02%
LMND	B	0.02%
ITOS	F	0.02%
FRST	B	0.02%
PLBC	A	0.02%
CRSR	C	0.02%
ENTA	F	0.02%
HBB	F	0.02%
ILPT	D	0.02%
CBNK	B	0.02%
DGICA	A	0.02%
MLNK	B	0.02%
ASUR	C	0.02%
CYH	F	0.02%
INST	C	0.02%
RLGT	A	0.02%
FATE	F	0.02%
MEC	D	0.02%
ALDX	D	0.02%
AVNW	F	0.02%
HRTG	C	0.02%
OUST	C	0.02%
EDIT	F	0.02%
WSBF	C	0.02%
PKOH	B	0.02%
WOW	B	0.02%
APLD	A	0.02%
CZFS	B	0.02%
RRBI	A	0.02%
GOGO	C	0.02%
VLGEA	B	0.02%
FDBC	C	0.02%
OLPX	D	0.02%
VECO	F	0.02%
IRBT	F	0.02%
HLF	C	0.02%
KRO	D	0.02%
VRTS	B	0.02%
SB	F	0.02%
CENT	C	0.02%
CBAN	B	0.02%
HNRG	B	0.02%
IMMR	C	0.02%
AORT	B	0.02%
ANGO	D	0.02%
REFI	A	0.02%
OOMA	B	0.02%
AMCX	C	0.02%
ODC	C	0.02%
JAKK	C	0.02%
SSBK	B	0.02%
ONEW	D	0.02%
PACK	B	0.02%
REPX	A	0.02%
AMPS	C	0.02%
AUPH	B	0.02%
GNTY	A	0.02%
BCML	A	0.02%
VNDA	C	0.02%
AMPY	B	0.02%
STRO	F	0.02%
JMSB	C	0.02%
SWIM	C	0.02%
FLIC	B	0.02%
OLO	B	0.02%
OBT	C	0.02%
CWCO	C	0.02%
FLXS	B	0.02%
SLQT	C	0.02%
BRY	F	0.02%
THRD	D	0.02%
HBT	B	0.02%
IPI	B	0.02%
ITIC	B	0.02%
LEGH	D	0.02%
UNTY	B	0.02%
COFS	A	0.02%
CZNC	B	0.02%
FNLC	B	0.02%
ESPR	C	0.02%
MOV	C	0.02%
SPOK	C	0.02%
SFIX	B	0.02%
KODK	B	0.02%
VPG	D	0.02%
OIS	C	0.02%
SENEA	B	0.02%
OSUR	F	0.02%
FSBW	B	0.02%
BWB	B	0.02%
SFST	B	0.02%
DCGO	C	0.02%
MCFT	B	0.02%
SNBR	F	0.02%
FRBA	C	0.02%
CIFR	B	0.02%
TBPH	C	0.02%
AQST	D	0.02%
MTRX	B	0.02%
MLYS	F	0.02%
FLNG	B	0.02%
MEI	D	0.02%
PRTA	F	0.02%
NEWT	B	0.02%
FFWM	C	0.02%
ACMR	F	0.02%
LILA	D	0.02%
APPS	F	0.02%
NVAX	F	0.02%
ANIP	F	0.02%
DVAX	C	0.02%
CIVB	B	0.02%
CLDX	F	0.02%
LOCO	D	0.02%
NUS	D	0.02%
GRNT	B	0.02%
CCCC	F	0.02%
AKBA	C	0.02%
VYGR	F	0.02%
BJRI	B	0.02%
FBIZ	B	0.02%
EYPT	F	0.02%
EBTC	B	0.02%
NECB	B	0.02%
RBBN	C	0.02%
PFIS	A	0.02%
GEF	A	0.02%
HVT	D	0.02%
ADV	D	0.02%
BVS	D	0.02%
ALLO	F	0.02%
SAGE	F	0.02%
PX	A	0.01%
NL	B	0.01%
MASS	F	0.01%
QSI	C	0.01%
OBIO	C	0.01%
RGLS	F	0.01%
AOMR	D	0.01%
QUAD	C	0.01%
CTOS	C	0.01%
HBIO	F	0.01%
MGTX	C	0.01%
LCUT	F	0.01%
AVAH	B	0.01%
COGT	D	0.01%
ULBI	F	0.01%
KALU	C	0.01%
CRDF	F	0.01%
TNYA	C	0.01%
FHTX	D	0.01%
INNV	F	0.01%
PBYI	C	0.01%
CAPR	C	0.01%
DAWN	F	0.01%
FENC	D	0.01%
RMNI	C	0.01%
RMBL	C	0.01%
ABSI	F	0.01%
DIBS	F	0.01%
SVRA	D	0.01%
BKSY	C	0.01%
WALD	F	0.01%
CSTE	D	0.01%
VHI	D	0.01%
CPSS	B	0.01%
CASS	B	0.01%
REAL	A	0.01%
CEVA	B	0.01%
UHT	D	0.01%
SMMT	D	0.01%
BLUE	F	0.01%
PFMT	D	0.01%
XOMA	C	0.01%
DENN	D	0.01%
SIGA	F	0.01%
CGEM	F	0.01%
ADCT	F	0.01%
MODV	C	0.01%
PGEN	F	0.01%
BLFS	C	0.01%
RCKY	F	0.01%
MCW	B	0.01%
LIND	C	0.01%
POWW	F	0.01%
MVIS	F	0.01%
AMTX	C	0.01%
MRSN	D	0.01%
ACRV	F	0.01%
QIPT	F	0.01%
SBT	C	0.01%
CVGI	F	0.01%
TUSK	D	0.01%
WULF	C	0.01%
COOK	D	0.01%
SIBN	F	0.01%
URGN	F	0.01%
MYFW	B	0.01%
III	C	0.01%
USCB	B	0.01%
HEAR	C	0.01%
GRWG	F	0.01%
GNE	D	0.01%
CMT	D	0.01%
GBIO	F	0.01%
FULC	F	0.01%
PNRG	B	0.01%
EPM	A	0.01%
PEBK	B	0.01%
PSTX	D	0.01%
TPB	B	0.01%
MYPS	C	0.01%
PAR	B	0.01%
CTRN	D	0.01%
CABA	F	0.01%
GRPN	F	0.01%
NREF	A	0.01%
ABOS	F	0.01%
EVC	C	0.01%
NODK	A	0.01%
TTSH	D	0.01%
MTRN	C	0.01%
GSAT	C	0.01%
BH	B	0.01%
STRS	B	0.01%
CRNC	C	0.01%
OSIS	B	0.01%
CSV	B	0.01%
RDW	B	0.01%
KOD	C	0.01%
NATR	C	0.01%
TBBK	B	0.01%
NC	B	0.01%
PBFS	B	0.01%
TWIN	F	0.01%
CLAR	D	0.01%
VTYX	F	0.01%
ACDC	C	0.01%
AVD	D	0.01%
CTGO	D	0.01%
BBCP	C	0.01%
VRA	F	0.01%
WOR	F	0.01%
INO	F	0.01%
MHLD	C	0.01%
ESCA	C	0.01%
HFFG	C	0.01%
FRGE	F	0.01%
LXRX	F	0.01%
PKE	B	0.01%
GEOS	C	0.01%
LYTS	B	0.01%
BELFA	D	0.01%
FDMT	F	0.01%
DXLG	F	0.01%
PTLO	F	0.01%
ATOS	F	0.01%
NNBR	C	0.01%
BOOM	F	0.01%
OMER	A	0.01%
XBIT	F	0.01%
ATLO	D	0.01%
JOUT	D	0.01%
VIRC	B	0.01%
GPMT	C	0.01%
RSVR	A	0.01%
LYEL	F	0.01%
ESSA	B	0.01%
FF	D	0.01%
ZNTL	F	0.01%
ACCD	D	0.01%
FFNW	C	0.01%
SONO	C	0.01%
CHGG	D	0.01%
ORN	C	0.01%
CRBU	F	0.01%
WVE	C	0.01%
FLWS	F	0.01%
BSVN	B	0.01%
CHMG	B	0.01%
IBEX	B	0.01%
SEVN	D	0.01%
RXT	C	0.01%
NKTX	F	0.01%
EML	D	0.01%
LSEA	D	0.01%
SGC	C	0.01%
DSGN	C	0.01%
NKSH	B	0.01%
PVBC	B	0.01%
FET	D	0.01%
STHO	F	0.01%
AFCG	D	0.01%
ACIC	B	0.01%
OB	C	0.01%
HMST	D	0.01%
SMHI	F	0.01%
ONTF	C	0.01%
NGS	B	0.01%
SXT	B	0.01%
SAMG	B	0.01%
FLL	D	0.01%
GPRO	F	0.01%
TFIN	A	0.01%
HOFT	C	0.01%
ACTG	D	0.01%
BKD	D	0.01%
RICK	C	0.01%
FSTR	B	0.01%
SSTK	F	0.01%
INBK	B	0.01%
ALCO	D	0.01%
RGCO	C	0.01%
RELL	B	0.01%
FSP	C	0.01%
MG	D	0.01%
VYX	B	0.01%
MGNI	A	0.01%
MBI	B	0.01%
PYXS	D	0.01%
VEL	A	0.01%
PLL	C	0.01%
NXDT	D	0.01%
ORGO	B	0.01%
MITT	D	0.01%
HNST	B	0.01%
MFIN	C	0.01%
BWFG	A	0.01%
BCBP	A	0.01%
CTV	A	0.01%
BRT	B	0.01%
OVLY	A	0.01%
CBL	A	0.01%
SLDP	F	0.01%
LOB	B	0.01%
VABK	C	0.01%
ANIK	F	0.01%
AGM	C	0.01%
HRTX	F	0.01%
SRDX	B	0.01%
SRI	F	0.01%
HPK	B	0.01%
BHR	B	0.01%
RGTI	C	0.01%
NGVC	A	0.01%
FSLY	D	0.01%
BARK	B	0.01%
EU	D	0.01%
LESL	C	0.01%
CDXS	B	0.01%
ISTR	B	0.01%
DJCO	B	0.01%
LOVE	B	0.01%
ATLC	B	0.01%
VALU	C	0.0%
BTMD	C	0.0%
LYRA	F	0.0%
REKR	F	0.0%
RENB	F	0.0%
ARAY	D	0.0%
JILL	C	0.0%
PEPG	F	0.0%
SSTI	C	0.0%
ELEV	D	0.0%
CLPR	D	0.0%
NNOX	C	0.0%
STXS	C	0.0%
HQI	B	0.0%
MLP	C	0.0%
PRLD	F	0.0%
STTK	F	0.0%
BRCC	F	0.0%
CIX	D	0.0%
CELC	F	0.0%
IGMS	F	0.0%
EWCZ	F	0.0%
MRAM	D	0.0%
GALT	C	0.0%
EVI	C	0.0%
ARL	D	0.0%
CTLP	B	0.0%
DMRC	C	0.0%
VERU	F	0.0%
NATH	C	0.0%
EB	C	0.0%
ATEX	D	0.0%
MGNX	F	0.0%
BDTX	F	0.0%
ABUS	D	0.0%
LAZR	F	0.0%
WRLD	C	0.0%
TREE	F	0.0%
CDMO	B	0.0%
TCI	D	0.0%
CCB	A	0.0%
BBAI	C	0.0%
TDUP	C	0.0%
QBTS	B	0.0%
DSGR	D	0.0%
ARCT	F	0.0%
DLHC	F	0.0%
MPX	B	0.0%
BFS	C	0.0%
HLVX	D	0.0%
BAND	B	0.0%
CRMD	C	0.0%
CYRX	F	0.0%
IPSC	F	0.0%
GOEV	F	0.0%
ELVN	D	0.0%
GOCO	C	0.0%
SWKH	F	0.0%
LFMD	D	0.0%
PRPL	F	0.0%
CMPO	A	0.0%
MXL	C	0.0%
OSPN	A	0.0%
CVI	F	0.0%
CRCT	F	0.0%
DC	D	0.0%
HCKT	B	0.0%
EEX	C	0.0%
HOWL	F	0.0%
TLYS	F	0.0%
CHRS	D	0.0%
GCMG	B	0.0%
DHIL	A	0.0%
ESQ	A	0.0%
LAW	D	0.0%
ARHS	F	0.0%
RAPT	F	0.0%
ACHV	F	0.0%
EVCM	B	0.0%
TRVI	D	0.0%

VTWV Underweight 230 Positions Relative to VIS

Symbol	Grade	Weight
GE	D	-3.47%
CAT	B	-3.39%
RTX	C	-2.96%
UNP	C	-2.61%
UBER	D	-2.5%
HON	B	-2.47%
ETN	A	-2.44%
ADP	B	-2.18%
LMT	D	-2.17%
BA	F	-2.0%
DE	A	-1.95%
UPS	C	-1.8%
WM	A	-1.6%
TT	A	-1.54%
GEV	B	-1.52%
PH	A	-1.5%
CTAS	B	-1.39%
ITW	B	-1.34%
TDG	D	-1.34%
NOC	D	-1.32%
MMM	D	-1.31%
GD	F	-1.25%
CSX	B	-1.21%
FDX	B	-1.17%
EMR	A	-1.14%
CARR	D	-1.09%
NSC	B	-1.04%
PCAR	B	-1.01%
URI	B	-1.0%
JCI	C	-0.94%
GWW	B	-0.9%
LHX	C	-0.87%
WCN	A	-0.84%
FAST	B	-0.83%
CMI	A	-0.83%
PAYX	C	-0.83%
CPRT	A	-0.82%
PWR	A	-0.81%
RSG	A	-0.8%
AME	A	-0.78%
ODFL	B	-0.73%
OTIS	C	-0.73%
VRT	B	-0.72%
VRSK	A	-0.72%
HWM	A	-0.71%
IR	B	-0.71%
DAL	C	-0.68%
WAB	B	-0.61%
EFX	F	-0.6%
AXON	A	-0.56%
ROK	B	-0.56%
XYL	D	-0.54%
DOV	A	-0.48%
UAL	A	-0.47%
BR	A	-0.46%
FTV	C	-0.46%
VLTO	D	-0.46%
BAH	F	-0.43%
LDOS	C	-0.43%
HUBB	B	-0.42%
BLDR	D	-0.39%
EME	C	-0.39%
CSL	C	-0.37%
LII	A	-0.36%
TRU	D	-0.36%
LUV	C	-0.34%
SNA	A	-0.32%
MAS	D	-0.32%
J	F	-0.32%
EXPD	D	-0.31%
IEX	B	-0.3%
WSO	A	-0.3%
PNR	A	-0.3%
SSNC	B	-0.29%
XPO	B	-0.28%
OC	A	-0.28%
TXT	D	-0.28%
HEI	B	-0.27%
ACM	B	-0.27%
JBHT	C	-0.27%
FIX	A	-0.26%
SWK	D	-0.26%
NDSN	B	-0.25%
ROL	B	-0.25%
GGG	B	-0.25%
SAIA	B	-0.24%
TTEK	F	-0.24%
CW	B	-0.24%
CACI	D	-0.23%
NVT	B	-0.23%
CLH	B	-0.22%
CHRW	C	-0.22%
ALLE	D	-0.22%
DAY	B	-0.21%
ITT	A	-0.21%
PAYC	B	-0.2%
HEI	B	-0.2%
LECO	B	-0.2%
RRX	B	-0.2%
BWXT	B	-0.2%
GNRC	B	-0.19%
WMS	D	-0.19%
FBIN	D	-0.19%
CNH	C	-0.18%
WWD	B	-0.18%
AIT	A	-0.17%
KBR	F	-0.17%
AOS	F	-0.17%
WCC	B	-0.17%
AYI	B	-0.17%
ALSN	B	-0.17%
CNM	D	-0.16%
DCI	B	-0.16%
AAL	B	-0.16%
PCTY	B	-0.15%
TTC	D	-0.15%
KNX	B	-0.15%
SAIC	F	-0.14%
SSD	D	-0.14%
CR	A	-0.14%
TREX	C	-0.14%
RBC	A	-0.14%
AAON	B	-0.14%
MTZ	B	-0.14%
FLS	B	-0.13%
MIDD	C	-0.13%
FCN	D	-0.13%
APG	B	-0.13%
ESAB	B	-0.13%
GXO	B	-0.13%
RHI	B	-0.13%
HII	D	-0.13%
LSTR	D	-0.12%
WSC	D	-0.12%
SITE	D	-0.12%
VMI	B	-0.12%
AGCO	D	-0.12%
R	B	-0.12%
AZEK	A	-0.12%
UHAL	D	-0.12%
OSK	B	-0.12%
KEX	C	-0.12%
EXLS	B	-0.12%
AVAV	D	-0.11%
ALK	C	-0.11%
AWI	A	-0.11%
MSA	D	-0.11%
GTLS	B	-0.1%
PSN	D	-0.1%
ST	F	-0.1%
WTS	B	-0.1%
MMS	F	-0.1%
MOG.A	B	-0.1%
CSWI	A	-0.1%
CWST	A	-0.1%
MDU	D	-0.1%
TKR	D	-0.1%
HRI	B	-0.1%
AL	B	-0.09%
EXPO	D	-0.09%
STRL	B	-0.09%
HXL	D	-0.09%
LYFT	C	-0.09%
FSS	B	-0.09%
DY	D	-0.09%
VRRM	D	-0.08%
BCO	D	-0.08%
MSM	C	-0.07%
FELE	B	-0.07%
SPR	D	-0.07%
KAI	A	-0.07%
GTES	A	-0.07%
MAN	D	-0.06%
CBZ	B	-0.06%
ICFI	F	-0.06%
ATKR	C	-0.06%
BRC	D	-0.06%
RKLB	B	-0.06%
MWA	B	-0.06%
DNB	B	-0.06%
ROAD	A	-0.06%
ARCB	C	-0.05%
POWL	C	-0.05%
HAYW	B	-0.05%
GFF	A	-0.05%
ACVA	B	-0.05%
MGRC	B	-0.05%
TNET	D	-0.05%
NSP	D	-0.05%
RXO	C	-0.05%
CLVT	F	-0.04%
IESC	B	-0.04%
HURN	B	-0.04%
MYRG	B	-0.04%
EPAC	B	-0.04%
SMR	B	-0.03%
CSGS	B	-0.03%
FLNC	C	-0.03%
CAR	C	-0.03%
SNDR	B	-0.03%
VSTS	C	-0.03%
AGX	B	-0.03%
CNXC	F	-0.03%
JOBY	B	-0.03%
UPWK	B	-0.03%
ALG	B	-0.03%
MEG	F	-0.02%
TRNS	D	-0.02%
CDRE	D	-0.02%
SHLS	F	-0.02%
DRVN	B	-0.02%
ARRY	D	-0.02%
ERII	D	-0.02%
KFRC	D	-0.02%
JBI	F	-0.02%
CRAI	B	-0.02%
ENVX	F	-0.02%
BLBD	D	-0.02%
PYCR	C	-0.02%
ULCC	D	-0.01%
FC	F	-0.01%
LQDT	B	-0.01%
GIC	D	-0.01%
CECO	A	-0.01%
XMTR	C	-0.01%
GRC	A	-0.01%
VVI	C	-0.01%
ALTG	C	-0.0%
KRT	A	-0.0%
TASK	C	-0.0%