IWN vs. VNQ ETF Comparison

Comparison of iShares Russell 2000 Value ETF (IWN) to Vanguard REIT ETF - DNQ (VNQ)

IWN

iShares Russell 2000 Value ETF

IWN Description

The investment seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 2000 Value Index (the "underlying index"), which measures the performance of the small-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$156.16

Average Daily Volume

1,281,210

Number of Holdings ^*

1403

* may have additional holdings in another (foreign) market

VNQ

Vanguard REIT ETF - DNQ

VNQ Description

The investment seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs. The fund employs an indexing investment approach designed to track the performance of the MSCI US REIT Index. The index is composed of stocks of publicly traded equity real estate investment trusts (known as REITs). The fund attempts to replicate the index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$83.09

Average Daily Volume

4,701,799

Number of Holdings ^*

145

* may have additional holdings in another (foreign) market

Performance

Period	IWN	VNQ
30 Days	0.44%	-3.32%
60 Days	1.92%	-4.44%
90 Days	4.92%	-0.65%
12 Months	22.02%	4.47%

76 Overlapping Holdings

Symbol	Grade	Weight in IWN	Weight in VNQ	Overlap
AAT	B	0.08%	0.07%	0.07%
AHH	B	0.06%	0.04%	0.04%
AIV	B	0.09%	0.07%	0.07%
AKR	B	0.14%	0.11%	0.11%
ALEX	C	0.1%	0.08%	0.08%
APLE	F	0.25%	0.23%	0.23%
BDN	B	0.06%	0.05%	0.05%
BFS	F	0.0%	0.03%	0.0%
BNL	C	0.23%	0.19%	0.19%
CBL	D	0.01%	0.02%	0.01%
CHCT	F	0.02%	0.04%	0.02%
CIO	B	0.02%	0.01%	0.01%
CLDT	F	0.03%	0.03%	0.03%
COMP	D	0.01%	0.08%	0.01%
CSR	B	0.08%	0.05%	0.05%
CTRE	B	0.22%	0.18%	0.18%
CWK	C	0.1%	0.12%	0.1%
DBRG	F	0.13%	0.2%	0.13%
DEA	B	0.09%	0.07%	0.07%
DEI	B	0.14%	0.15%	0.14%
DHC	F	0.04%	0.03%	0.03%
DRH	F	0.15%	0.13%	0.13%
EPRT	A	0.3%	0.26%	0.26%
EQC	B	0.15%	0.13%	0.13%
ESRT	D	0.1%	0.09%	0.09%
FCPT	B	0.15%	0.14%	0.14%
FOR	D	0.05%	0.05%	0.05%
FPI	C	0.04%	0.03%	0.03%
GMRE	D	0.04%	0.03%	0.03%
GNL	D	0.11%	0.1%	0.1%
GOOD	A	0.04%	0.03%	0.03%
GTY	B	0.1%	0.09%	0.09%
HPP	F	0.06%	0.05%	0.05%
IIPR	B	0.24%	0.18%	0.18%
INN	F	0.05%	0.04%	0.04%
IRT	B	0.29%	0.23%	0.23%
IVT	B	0.14%	0.11%	0.11%
JBGS	F	0.11%	0.09%	0.09%
KRG	B	0.37%	0.3%	0.3%
KW	C	0.08%	0.06%	0.06%
LAND	D	0.03%	0.03%	0.03%
LTC	A	0.11%	0.09%	0.09%
LXP	D	0.2%	0.17%	0.17%
MAC	D	0.23%	0.23%	0.23%
MMI	D	0.04%	0.05%	0.04%
NHI	A	0.19%	0.17%	0.17%
NMRK	D	0.11%	0.1%	0.1%
NTST	C	0.09%	0.08%	0.08%
NXDT	F	0.02%	0.01%	0.01%
NXRT	B	0.04%	0.05%	0.04%
OLP	A	0.03%	0.02%	0.02%
OPEN	F	0.09%	0.1%	0.09%
OPI	C	0.01%	0.01%	0.01%
OUT	D	0.1%	0.15%	0.1%
PCH	D	0.26%	0.24%	0.24%
PDM	B	0.07%	0.06%	0.06%
PEB	F	0.13%	0.12%	0.12%
PECO	D	0.26%	0.27%	0.26%
PGRE	B	0.07%	0.05%	0.05%
PKST	F	0.04%	0.04%	0.04%
PLYM	F	0.07%	0.06%	0.06%
RLJ	F	0.13%	0.12%	0.12%
RMR	D	0.01%	0.02%	0.01%
ROIC	D	0.12%	0.1%	0.1%
SBRA	A	0.26%	0.22%	0.22%
SHO	D	0.16%	0.14%	0.14%
SITC	D	0.21%	0.17%	0.17%
SKT	D	0.12%	0.2%	0.12%
SLG	B	0.27%	0.22%	0.22%
SVC	F	0.08%	0.07%	0.07%
TRNO	F	0.38%	0.36%	0.36%
UE	B	0.16%	0.13%	0.13%
UMH	C	0.06%	0.06%	0.06%
UNIT	F	0.11%	0.09%	0.09%
WSR	C	0.05%	0.04%	0.04%
XHR	D	0.12%	0.1%	0.1%

IWN Overweight 1327 Positions Relative to VNQ

Symbol	Grade	Weight
CHRD	B	0.58%
PR	B	0.53%
CVNA	B	0.53%
CMC	C	0.52%
MUR	C	0.51%
MTH	A	0.5%
SSB	D	0.47%
PBF	D	0.46%
MTDR	D	0.46%
TMHC	C	0.46%
UFPI	C	0.46%
ESNT	C	0.45%
CIVI	B	0.45%
BRBR	C	0.44%
BECN	C	0.44%
SM	B	0.44%
JXN	A	0.42%
BCC	D	0.42%
ONB	A	0.42%
COOP	A	0.4%
CRS	B	0.39%
CADE	B	0.39%
HOMB	B	0.37%
SUM	D	0.37%
SWX	A	0.37%
KBH	B	0.36%
RDN	C	0.36%
LNW	D	0.35%
UBSI	D	0.35%
POR	B	0.35%
KNF	C	0.35%
SIG	D	0.34%
ABG	C	0.34%
HWC	B	0.33%
ETRN	B	0.33%
GATX	C	0.33%
GBCI	C	0.33%
WIRE	B	0.33%
GPI	B	0.32%
ITRI	A	0.32%
AVNT	B	0.31%
ZWS	C	0.3%
MATX	B	0.3%
ACA	B	0.3%
ALIT	F	0.3%
BKH	B	0.3%
CNX	B	0.29%
UMBF	C	0.29%
OGS	C	0.29%
ITGR	D	0.29%
TPH	A	0.29%
HP	F	0.29%
MOG.A	A	0.29%
ALE	B	0.28%
PTEN	F	0.28%
PBH	D	0.28%
AMKR	C	0.28%
CRC	F	0.28%
ESGR	B	0.28%
MLI	B	0.28%
HCC	B	0.27%
STNG	A	0.27%
AEO	B	0.27%
GT	D	0.27%
AMR	D	0.27%
BIPC	D	0.27%
VLY	F	0.26%
KFY	C	0.26%
SYNA	D	0.26%
ASGN	D	0.26%
LBRT	B	0.26%
ASB	A	0.26%
BXMT	D	0.25%
NWE	B	0.25%
IBOC	A	0.25%
ABCB	B	0.25%
LIVN	B	0.25%
NPO	D	0.25%
MHO	D	0.25%
SR	B	0.25%
SANM	B	0.25%
WD	B	0.24%
SKYW	B	0.24%
CNO	B	0.24%
IOVA	D	0.24%
VSH	C	0.23%
PNM	C	0.23%
AVA	B	0.23%
GNW	B	0.23%
REZI	D	0.23%
AUB	C	0.23%
UCBI	B	0.23%
ANF	B	0.23%
BHVN	D	0.22%
UEC	B	0.22%
CDP	B	0.22%
ADNT	F	0.22%
AX	A	0.22%
TGNA	D	0.22%
ABM	B	0.22%
ARCH	D	0.22%
TCBI	B	0.22%
KTOS	B	0.21%
GMS	C	0.21%
RUSHA	D	0.21%
PRMW	A	0.21%
STRA	A	0.21%
HUBG	B	0.21%
FULT	A	0.21%
WSFS	B	0.21%
CLSK	D	0.21%
OSCR	A	0.21%
FBP	A	0.21%
NEOG	F	0.21%
SMTC	A	0.2%
CEIX	D	0.2%
GHC	A	0.2%
HASI	A	0.2%
CRNX	A	0.2%
APG	D	0.2%
UNF	D	0.19%
AIR	B	0.19%
NMIH	A	0.19%
GTLS	B	0.19%
CATY	D	0.19%
BTU	F	0.19%
MTX	A	0.19%
TROX	B	0.18%
INSW	A	0.18%
HELE	F	0.18%
MQ	D	0.18%
CVBF	C	0.18%
SDRL	B	0.18%
AROC	B	0.18%
HL	B	0.18%
ABR	B	0.18%
GLNG	A	0.18%
CBU	B	0.18%
FIBK	B	0.18%
CCS	D	0.18%
MODG	B	0.18%
PRIM	A	0.18%
PFSI	B	0.17%
RAMP	F	0.17%
FFBC	B	0.17%
AZZ	C	0.17%
PPBI	C	0.17%
INDB	C	0.17%
MBC	D	0.17%
GVA	A	0.17%
SFNC	D	0.17%
BOH	D	0.17%
PRK	A	0.16%
CWT	B	0.16%
TRN	A	0.16%
MIR	D	0.16%
VSTO	A	0.16%
ATGE	A	0.16%
NJR	B	0.16%
PATK	C	0.16%
SATS	C	0.16%
SFBS	C	0.16%
EBC	B	0.16%
BKU	B	0.16%
FRME	B	0.16%
CENTA	C	0.15%
TWST	B	0.15%
TALO	F	0.15%
HTLF	A	0.15%
STNE	C	0.15%
CLDX	D	0.15%
ZD	D	0.15%
KAR	B	0.15%
RNA	B	0.15%
EPC	B	0.15%
HLMN	D	0.15%
TOWN	B	0.15%
AGIO	B	0.15%
MLKN	D	0.15%
KMT	C	0.15%
PLUS	C	0.15%
WAFD	B	0.15%
JBLU	F	0.15%
BANC	C	0.15%
SBCF	C	0.15%
WERN	D	0.15%
CDE	B	0.14%
PLAB	B	0.14%
ENVA	C	0.14%
OFG	A	0.14%
HLNE	B	0.14%
PSN	D	0.14%
MOD	A	0.14%
CXW	C	0.14%
DAN	C	0.14%
SJW	D	0.14%
FL	F	0.14%
BANF	B	0.14%
LGIH	F	0.14%
B	C	0.14%
NTLA	F	0.14%
BFH	B	0.14%
WGO	D	0.14%
VECO	B	0.14%
SNEX	A	0.14%
GEO	C	0.14%
WOR	D	0.14%
GOGL	A	0.14%
TRMK	A	0.14%
ANDE	F	0.14%
UCTT	C	0.14%
HNI	A	0.14%
OMI	F	0.14%
SKY	D	0.14%
DHT	A	0.13%
PRDO	B	0.13%
TFIN	D	0.13%
TEX	D	0.13%
TDS	F	0.13%
SCL	C	0.13%
RNST	C	0.13%
NTB	A	0.13%
STC	B	0.13%
LCII	D	0.13%
ODP	F	0.13%
ARCB	F	0.13%
WSBC	C	0.13%
GPOR	C	0.13%
URBN	D	0.13%
PDCO	D	0.13%
THS	F	0.13%
JELD	F	0.13%
MYGN	A	0.13%
OTTR	B	0.13%
TTMI	A	0.13%
DK	D	0.13%
NEO	D	0.13%
VCYT	F	0.12%
EFSC	B	0.12%
AGM	C	0.12%
NBTB	B	0.12%
POWL	B	0.12%
MCY	A	0.12%
BANR	B	0.12%
DNOW	C	0.12%
HMN	A	0.12%
BGC	A	0.12%
GEF	D	0.12%
GBX	B	0.12%
SFL	A	0.12%
HLX	B	0.12%
XRX	F	0.12%
ELME	B	0.11%
VRTS	C	0.11%
BKD	B	0.11%
TWO	B	0.11%
NWBI	C	0.11%
SQSP	A	0.11%
CODI	D	0.11%
ONTO	B	0.11%
CUBI	D	0.11%
CHCO	B	0.11%
MC	C	0.11%
WLY	B	0.11%
FCF	B	0.11%
RC	D	0.11%
NTCT	F	0.11%
FBK	B	0.11%
IBTX	C	0.11%
COHU	F	0.11%
AMWD	D	0.11%
BDC	C	0.11%
RVMD	B	0.11%
NWN	B	0.11%
WKC	D	0.11%
TNK	A	0.11%
LZB	D	0.11%
MGEE	B	0.11%
LKFN	D	0.11%
ARI	F	0.11%
KN	B	0.11%
KURA	D	0.11%
HTH	B	0.11%
STBA	B	0.1%
NBHC	C	0.1%
ASPN	A	0.1%
RXRX	F	0.1%
NNI	B	0.1%
HOPE	D	0.1%
KNTK	A	0.1%
IONQ	F	0.1%
FBNC	D	0.1%
CAL	C	0.1%
BUSE	B	0.1%
LADR	B	0.1%
DO	C	0.1%
EYE	F	0.1%
BHE	A	0.1%
PMT	B	0.1%
UVV	B	0.1%
ORA	C	0.1%
NAVI	F	0.1%
LUMN	F	0.1%
CNNE	D	0.1%
LILAK	B	0.09%
PAR	B	0.09%
XPRO	B	0.09%
ACMR	D	0.09%
DYN	D	0.09%
GFF	C	0.09%
ICHR	D	0.09%
EWTX	B	0.09%
VGR	D	0.09%
NWLI	A	0.09%
EIG	D	0.09%
PFS	B	0.09%
ESE	B	0.09%
NX	D	0.09%
MFA	D	0.09%
SCS	C	0.09%
SAFT	B	0.09%
NHC	B	0.09%
MTTR	B	0.09%
ALPN	A	0.09%
LOB	D	0.09%
TCBK	B	0.09%
SLCA	B	0.09%
GIII	D	0.09%
RRR	D	0.09%
APGE	D	0.09%
VRE	C	0.09%
CMCO	B	0.09%
VTLE	B	0.09%
PRG	B	0.09%
BHLB	B	0.08%
ROCK	D	0.08%
GPRE	F	0.08%
PRAA	C	0.08%
QCRH	C	0.08%
GRBK	D	0.08%
THR	A	0.08%
MATV	B	0.08%
SASR	B	0.08%
IDYA	D	0.08%
ECPG	D	0.08%
FDMT	D	0.08%
CIM	F	0.08%
BBIO	F	0.08%
PAGS	D	0.08%
WS	F	0.08%
CSTM	D	0.08%
ATMU	B	0.08%
TARS	B	0.08%
JOBY	D	0.08%
LC	B	0.08%
JANX	B	0.08%
TNC	D	0.08%
WINA	C	0.08%
VBTX	B	0.08%
CCOI	F	0.08%
LGND	C	0.08%
STR	D	0.08%
IMKTA	F	0.08%
WMK	C	0.08%
AUR	B	0.08%
STEL	F	0.08%
NIC	D	0.08%
SCSC	A	0.08%
PARR	F	0.08%
VSEC	A	0.08%
BMBL	F	0.08%
FBRT	B	0.08%
PEBO	B	0.08%
TRS	B	0.08%
KOP	F	0.08%
PRM	B	0.08%
CMTG	F	0.07%
BLX	B	0.07%
ETWO	B	0.07%
SXC	D	0.07%
RWT	C	0.07%
AXL	B	0.07%
SAH	B	0.07%
CPK	B	0.07%
RPAY	B	0.07%
MDXG	D	0.07%
NE	D	0.07%
SANA	B	0.07%
TGI	C	0.07%
APOG	A	0.07%
FIHL	B	0.07%
PUMP	B	0.07%
EFC	B	0.07%
SRRK	D	0.07%
SRCE	B	0.07%
DCPH	A	0.07%
BXC	D	0.07%
BGS	B	0.07%
FDP	D	0.07%
WABC	B	0.07%
BLBD	C	0.07%
ACT	A	0.07%
CASH	B	0.07%
MTUS	F	0.07%
TILE	C	0.07%
VERA	C	0.07%
CRK	C	0.07%
SCHL	F	0.07%
GABC	D	0.07%
AVNS	D	0.07%
ARR	C	0.07%
OCFC	B	0.07%
BYON	F	0.07%
GNK	A	0.07%
SAFE	F	0.07%
OBK	B	0.07%
SPXC	A	0.07%
DLX	B	0.07%
AMBA	F	0.06%
LESL	F	0.06%
DIOD	B	0.06%
PRA	C	0.06%
APAM	C	0.06%
CNOB	C	0.06%
MGNI	F	0.06%
ATEC	F	0.06%
CGEM	B	0.06%
ECVT	D	0.06%
ASC	A	0.06%
FIP	B	0.06%
WTTR	B	0.06%
VIR	F	0.06%
SABR	D	0.06%
REVG	A	0.06%
CLW	A	0.06%
FMBH	B	0.06%
DCO	B	0.06%
HOV	B	0.06%
THRY	C	0.06%
PFC	B	0.06%
TPC	B	0.06%
BFC	C	0.06%
KLIC	D	0.06%
LMND	C	0.06%
HAYN	D	0.06%
DNUT	F	0.06%
ASTE	F	0.06%
AMRX	B	0.06%
KELYA	D	0.06%
SGH	F	0.06%
BRKL	D	0.06%
MD	F	0.06%
AGX	A	0.06%
FBMS	D	0.06%
SPNT	C	0.06%
ALGT	F	0.06%
PFBC	A	0.06%
SKWD	C	0.06%
SWBI	C	0.06%
AMRK	B	0.06%
PUBM	B	0.06%
SBSI	D	0.06%
MNRO	F	0.06%
BRSP	F	0.06%
ADUS	A	0.06%
BZH	D	0.06%
INVA	B	0.06%
PRLB	D	0.06%
NAT	B	0.06%
EU	B	0.06%
FA	B	0.06%
LBAI	B	0.06%
UTL	B	0.05%
KREF	F	0.05%
GRC	F	0.05%
CFB	C	0.05%
RCUS	F	0.05%
CCO	D	0.05%
EGY	C	0.05%
HSII	C	0.05%
AMTB	B	0.05%
MATW	D	0.05%
EGBN	F	0.05%
SWI	B	0.05%
LPG	B	0.05%
IIIN	D	0.05%
BY	B	0.05%
VVX	B	0.05%
STGW	B	0.05%
NRIX	C	0.05%
NUS	F	0.05%
ACHR	F	0.05%
RYI	F	0.05%
RIOT	F	0.05%
FCBC	B	0.05%
BRY	C	0.05%
HAIN	F	0.05%
KNSA	B	0.05%
SCVL	B	0.05%
DRQ	F	0.05%
PSMT	A	0.05%
ZEUS	F	0.05%
MBWM	B	0.05%
PTVE	C	0.05%
MRC	D	0.05%
HFWA	B	0.05%
OSBC	B	0.05%
VTOL	A	0.05%
XNCR	B	0.05%
PIPR	A	0.05%
HA	D	0.05%
CNDT	B	0.05%
VREX	F	0.05%
SHEN	D	0.05%
CFFN	D	0.05%
REX	B	0.05%
SBOW	C	0.05%
CMPR	D	0.05%
MGNX	D	0.05%
TMP	D	0.05%
SMP	C	0.05%
ETD	D	0.05%
GES	B	0.05%
OMCL	C	0.05%
AMBC	A	0.05%
RLAY	F	0.05%
ADMA	A	0.05%
DX	C	0.05%
ATSG	C	0.05%
SPTN	D	0.05%
DXPE	B	0.05%
CECO	B	0.05%
CNXN	D	0.05%
CTBI	B	0.05%
FG	B	0.05%
RGNX	F	0.05%
UVSP	A	0.05%
AORT	B	0.05%
ASIX	F	0.05%
IRWD	F	0.05%
DCOM	C	0.05%
MBIN	B	0.05%
GLDD	C	0.04%
NKLA	F	0.04%
FUL	C	0.04%
ACCO	D	0.04%
TBPH	C	0.04%
MCBS	B	0.04%
THFF	B	0.04%
BSIG	D	0.04%
RDUS	F	0.04%
XPER	C	0.04%
AI	F	0.04%
LXU	C	0.04%
SMRT	F	0.04%
AMAL	B	0.04%
AMSF	D	0.04%
EDIT	F	0.04%
DFH	F	0.04%
CYTK	D	0.04%
RBCAA	B	0.04%
FMNB	D	0.04%
TITN	F	0.04%
DDD	F	0.04%
OFIX	C	0.04%
ATRO	C	0.04%
NUVB	B	0.04%
CCRN	F	0.04%
PTCT	C	0.04%
WASH	B	0.04%
PCT	F	0.04%
CAC	B	0.04%
PSFE	B	0.04%
AHCO	D	0.04%
TK	B	0.04%
CDNA	C	0.04%
ELVN	B	0.04%
HAFC	B	0.04%
CRGY	C	0.04%
UFCS	B	0.04%
AVO	B	0.04%
VMEO	D	0.04%
CLB	F	0.04%
EBF	B	0.04%
GERN	B	0.04%
HOUS	F	0.04%
ZYME	D	0.04%
GSBC	B	0.04%
UTI	B	0.04%
HTLD	F	0.04%
CATC	B	0.04%
EHAB	F	0.04%
CGON	F	0.04%
QTRX	F	0.04%
BFST	C	0.04%
CDLX	B	0.04%
EQBK	A	0.04%
GTN	C	0.04%
BV	B	0.04%
AOSL	B	0.04%
LASR	C	0.04%
MSBI	D	0.04%
NR	C	0.04%
TRST	B	0.04%
IBCP	B	0.04%
EMBC	F	0.04%
MLR	A	0.04%
HTBK	D	0.04%
OPK	D	0.04%
ACIW	A	0.04%
TWI	F	0.04%
WRLD	B	0.04%
ARDX	C	0.04%
CPF	B	0.04%
XMTR	F	0.04%
PTGX	D	0.04%
HZO	F	0.04%
HBI	F	0.04%
LEU	C	0.04%
GOGO	C	0.04%
ROG	C	0.04%
NVRI	D	0.04%
HBNC	B	0.04%
VTS	A	0.04%
UNFI	F	0.04%
RES	F	0.04%
ARCT	F	0.04%
NYMT	F	0.04%
TRTX	A	0.04%
BELFB	B	0.04%
CMRE	A	0.04%
REPL	F	0.03%
TBI	F	0.03%
LFST	B	0.03%
RBB	B	0.03%
SD	F	0.03%
AIN	D	0.03%
KRNY	F	0.03%
HTBI	B	0.03%
AVNW	F	0.03%
CNK	D	0.03%
STOK	C	0.03%
FFIC	D	0.03%
AESI	B	0.03%
SHBI	D	0.03%
MOFG	D	0.03%
FWRG	C	0.03%
JRVR	D	0.03%
GLRE	A	0.03%
TAST	A	0.03%
PLXS	B	0.03%
TNGX	F	0.03%
NTGR	F	0.03%
SB	A	0.03%
EYPT	F	0.03%
YMAB	C	0.03%
NAPA	F	0.03%
WULF	B	0.03%
SMBK	C	0.03%
HDSN	F	0.03%
CRMT	D	0.03%
IOSP	C	0.03%
LMB	B	0.03%
BOC	F	0.03%
FATE	F	0.03%
TRC	D	0.03%
NFBK	D	0.03%
UIS	D	0.03%
CSTL	B	0.03%
TARO	B	0.03%
WLDN	A	0.03%
BAND	B	0.03%
AROW	C	0.03%
AMCX	D	0.03%
ACRE	F	0.03%
SIX	C	0.03%
EVLV	F	0.03%
ADTN	D	0.03%
ALRS	D	0.03%
RGP	F	0.03%
ORIC	D	0.03%
LBPH	B	0.03%
LMNR	B	0.03%
OSG	A	0.03%
CVLG	D	0.03%
NBN	B	0.03%
RUSHB	D	0.03%
MCBC	A	0.03%
SBGI	B	0.03%
UVE	B	0.03%
DOLE	B	0.03%
CTO	B	0.03%
STRL	B	0.03%
ALT	D	0.03%
KALV	C	0.03%
DAKT	B	0.03%
HSTM	B	0.03%
FCEL	F	0.03%
LGF.A	B	0.03%
FRPH	B	0.03%
MOV	D	0.03%
CLNE	F	0.03%
OXM	B	0.03%
ADV	B	0.03%
KE	C	0.03%
DBI	D	0.03%
NNOX	D	0.03%
ANIK	A	0.03%
INBX	D	0.03%
SVRA	C	0.03%
OSUR	F	0.03%
VPG	F	0.03%
VERV	F	0.03%
CRNC	F	0.03%
ARIS	A	0.03%
SXI	D	0.03%
PGC	D	0.03%
SAVE	F	0.03%
ZIMV	D	0.03%
SMBC	D	0.03%
TREE	B	0.03%
CENT	D	0.03%
DJCO	C	0.03%
MCB	B	0.03%
NVTS	F	0.03%
MEI	F	0.03%
HVT	F	0.03%
SG	B	0.03%
LYEL	B	0.03%
FLR	C	0.03%
NPK	A	0.03%
PRO	F	0.03%
GDOT	C	0.03%
CYH	B	0.03%
CCNE	C	0.03%
OABI	F	0.03%
WVE	C	0.03%
FLGT	F	0.03%
NOG	B	0.03%
BHB	B	0.03%
PZZA	F	0.03%
HONE	B	0.03%
ORC	B	0.03%
MTW	F	0.03%
STER	D	0.03%
FUBO	F	0.03%
IVR	B	0.03%
LTH	D	0.03%
GCI	B	0.03%
DFIN	B	0.03%
ALXO	B	0.03%
RM	B	0.02%
WOW	C	0.02%
TSBK	D	0.02%
HG	B	0.02%
PSTX	D	0.02%
HMST	D	0.02%
CPS	D	0.02%
LRMR	D	0.02%
CBAN	B	0.02%
ACIC	D	0.02%
MG	D	0.02%
LGF.A	B	0.02%
ONL	C	0.02%
LQDA	D	0.02%
MRTN	D	0.02%
MYPS	D	0.02%
CBNK	D	0.02%
PACB	F	0.02%
LSEA	F	0.02%
CDXS	C	0.02%
ONTF	F	0.02%
PINE	D	0.02%
AFCG	B	0.02%
AGEN	D	0.02%
DGICA	F	0.02%
MHLD	B	0.02%
ALCO	C	0.02%
BCRX	D	0.02%
BLDE	B	0.02%
EAT	A	0.02%
HIPO	C	0.02%
CVLY	B	0.02%
SFST	F	0.02%
BLFY	B	0.02%
MVBF	F	0.02%
HSHP	B	0.02%
JMSB	F	0.02%
BCML	B	0.02%
NECB	B	0.02%
HLLY	F	0.02%
TNYA	D	0.02%
BTSG	B	0.02%
OLO	F	0.02%
LE	B	0.02%
FRGE	F	0.02%
FRST	D	0.02%
AAN	D	0.02%
SVV	F	0.02%
WSBF	B	0.02%
SHCR	F	0.02%
FNLC	D	0.02%
FDBC	D	0.02%
GRNT	B	0.02%
INZY	F	0.02%
MNKD	D	0.02%
RCKY	B	0.02%
LEGH	D	0.02%
IPI	C	0.02%
ATNI	F	0.02%
IAUX	F	0.02%
IMMR	C	0.02%
REI	C	0.02%
GPMT	F	0.02%
DH	F	0.02%
IBRX	C	0.02%
BOOM	F	0.02%
PKOH	B	0.02%
RRBI	D	0.02%
MSGE	B	0.02%
ANGO	D	0.02%
THRD	B	0.02%
POWW	D	0.02%
JOUT	F	0.02%
DM	C	0.02%
NKTX	D	0.02%
CWBC	C	0.02%
BRT	B	0.02%
CIVB	D	0.02%
TELL	F	0.02%
PHAT	C	0.02%
VLGEA	A	0.02%
ANIP	D	0.02%
IHRT	D	0.02%
SOI	B	0.02%
LIND	F	0.02%
EBTC	D	0.02%
FLIC	D	0.02%
ASLE	D	0.02%
LOCO	B	0.02%
NOVA	F	0.02%
DVAX	D	0.02%
CRGX	F	0.02%
GPRO	F	0.02%
FLWS	D	0.02%
STRO	C	0.02%
MBUU	F	0.02%
BWB	B	0.02%
EVRI	F	0.02%
CCBG	D	0.02%
TSVT	F	0.02%
HEAR	C	0.02%
ENTA	D	0.02%
AVD	B	0.02%
AMPS	F	0.02%
TCBX	B	0.02%
GNTY	B	0.02%
PAHC	A	0.02%
MPLN	F	0.02%
FLNG	C	0.02%
HYLN	D	0.02%
HLF	C	0.02%
REFI	C	0.02%
BMRC	D	0.02%
PKE	D	0.02%
RYAM	D	0.02%
OBT	B	0.02%
SPOK	F	0.02%
SNCY	F	0.02%
SLQT	B	0.02%
HBT	B	0.02%
AMPY	B	0.02%
NATR	F	0.02%
NEWT	C	0.02%
VNDA	B	0.02%
HBCP	B	0.02%
CZNC	D	0.02%
ENS	B	0.02%
TRUE	F	0.02%
ODC	A	0.02%
NVRO	F	0.02%
PFIS	F	0.02%
PANL	B	0.02%
PSTL	C	0.02%
OIS	F	0.02%
AURA	F	0.02%
FRBA	D	0.02%
KODK	D	0.02%
STEM	F	0.02%
LINC	B	0.02%
CVLT	A	0.02%
CLBK	F	0.02%
KRO	A	0.02%
ONEW	F	0.02%
SEAT	F	0.02%
OLMA	F	0.02%
HLVX	F	0.02%
CWCO	D	0.02%
ZUMZ	B	0.02%
COGT	C	0.02%
BJRI	D	0.02%
ALLO	F	0.02%
HIFS	C	0.02%
GCO	F	0.02%
FBIZ	C	0.02%
NRIM	B	0.02%
FISI	C	0.02%
WTBA	D	0.02%
ITOS	C	0.02%
PACK	B	0.02%
ACNB	F	0.02%
FFWM	F	0.02%
ORRF	B	0.02%
SLDP	C	0.02%
SNDX	D	0.02%
BSRR	B	0.02%
LAUR	A	0.02%
FMAO	B	0.02%
TIPT	D	0.02%
ATRC	F	0.02%
RBBN	B	0.02%
TRDA	C	0.02%
SENEA	A	0.02%
ULH	A	0.02%
MBI	B	0.02%
KGS	B	0.02%
CARE	B	0.02%
SMMF	B	0.02%
CNSL	C	0.02%
LILA	B	0.02%
CRBU	F	0.02%
MCS	F	0.02%
AVIR	C	0.02%
LXFR	B	0.02%
MGY	B	0.02%
OI	F	0.02%
SMHI	D	0.02%
RXO	D	0.02%
MXCT	C	0.02%
MPB	B	0.02%
VIAV	F	0.02%
ANNX	D	0.02%
BHRB	F	0.02%
FARO	D	0.02%
NWPX	C	0.02%
SRI	F	0.02%
GEF	D	0.02%
SPFI	B	0.02%
CELC	D	0.02%
NBR	F	0.01%
BBCP	D	0.01%
NL	B	0.01%
NOTE	F	0.01%
LXEO	F	0.01%
DNMR	F	0.01%
LENZ	D	0.01%
VOXX	F	0.01%
RNAC	C	0.01%
ZURA	C	0.01%
CTGO	D	0.01%
URGN	F	0.01%
SBH	D	0.01%
PNRG	B	0.01%
AMSWA	F	0.01%
PROK	D	0.01%
PETQ	D	0.01%
XFOR	D	0.01%
IPSC	D	0.01%
PMVP	D	0.01%
VOR	F	0.01%
NMRA	F	0.01%
FIGS	D	0.01%
TERN	C	0.01%
ACET	F	0.01%
PLX	F	0.01%
BLNK	D	0.01%
BGFV	F	0.01%
CASS	D	0.01%
DIN	F	0.01%
TUSK	F	0.01%
ALLK	D	0.01%
GLT	F	0.01%
CHGG	F	0.01%
COOK	D	0.01%
GWH	D	0.01%
FNKO	C	0.01%
EE	B	0.01%
BCOV	D	0.01%
CATO	F	0.01%
CPSS	C	0.01%
SGMO	F	0.01%
GRTS	F	0.01%
KLXE	F	0.01%
BBW	B	0.01%
VUZI	F	0.01%
WWW	B	0.01%
PETS	F	0.01%
KALU	B	0.01%
AVAH	C	0.01%
ITI	D	0.01%
LXRX	D	0.01%
PRPL	F	0.01%
CTXR	F	0.01%
NABL	D	0.01%
SNFCA	F	0.01%
ARVN	D	0.01%
AVBP	F	0.01%
CHUY	F	0.01%
ANAB	B	0.01%
ARTNA	C	0.01%
ADPT	D	0.01%
MVST	F	0.01%
EHTH	F	0.01%
KVHI	C	0.01%
ASRT	D	0.01%
BSVN	B	0.01%
PLCE	F	0.01%
GIC	F	0.01%
MAX	C	0.01%
EEX	D	0.01%
GCBC	B	0.01%
PTSI	C	0.01%
LICY	F	0.01%
PLSE	F	0.01%
VZIO	D	0.01%
UPBD	D	0.01%
CVI	F	0.01%
NVAX	F	0.01%
SWIM	C	0.01%
SBT	D	0.01%
PRKS	D	0.01%
TDUP	D	0.01%
TSE	F	0.01%
WW	F	0.01%
DGII	F	0.01%
CYRX	F	0.01%
LYTS	B	0.01%
DAWN	B	0.01%
CCSI	F	0.01%
BIG	F	0.01%
IVAC	B	0.01%
DENN	F	0.01%
PEPG	C	0.01%
MNSB	F	0.01%
FGEN	F	0.01%
ACRV	C	0.01%
TCX	F	0.01%
CTLP	F	0.01%
SFIX	F	0.01%
DHX	C	0.01%
GDYN	D	0.01%
RXT	B	0.01%
HFFG	F	0.01%
PBFS	D	0.01%
NODK	C	0.01%
NREF	D	0.01%
CMT	D	0.01%
ESCA	F	0.01%
FCCO	F	0.01%
ATLC	F	0.01%
DSGN	B	0.01%
DOUG	F	0.01%
TBRG	F	0.01%
FENC	D	0.01%
KOD	D	0.01%
NRGV	F	0.01%
UUUU	F	0.01%
LLAP	F	0.01%
SPWH	F	0.01%
GSAT	F	0.01%
JILL	C	0.01%
MASS	F	0.01%
MORF	F	0.01%
TRVI	D	0.01%
ABUS	B	0.01%
AOMR	B	0.01%
ORGN	C	0.01%
USCB	B	0.01%
TLYS	F	0.01%
SEER	C	0.01%
HNRG	F	0.01%
NAUT	C	0.01%
PWOD	D	0.01%
NC	C	0.01%
WISH	F	0.01%
AMWL	F	0.01%
EVBN	D	0.01%
RELL	C	0.01%
SSP	C	0.01%
IGMS	D	0.01%
CZFS	D	0.01%
RMAX	D	0.01%
BFLY	F	0.01%
STRS	C	0.01%
IDT	C	0.01%
CFFI	F	0.01%
KIND	B	0.01%
VRNT	B	0.01%
CMPX	F	0.01%
NVEE	D	0.01%
ACDC	F	0.01%
SPCE	F	0.01%
BCAB	B	0.01%
SNBR	F	0.01%
VEL	B	0.01%
FF	B	0.01%
VABK	C	0.01%
BH	B	0.01%
GBIO	D	0.01%
OMER	D	0.01%
JAKK	F	0.01%
ARLO	A	0.01%
MEC	B	0.01%
QUAD	D	0.01%
ADEA	C	0.01%
WLFC	A	0.01%
WALD	F	0.01%
APPS	F	0.01%
ESSA	D	0.01%
MYFW	B	0.01%
MLNK	F	0.01%
MRSN	D	0.01%
EAF	C	0.01%
ASUR	F	0.01%
RNGR	D	0.01%
BPRN	D	0.01%
BKSY	F	0.01%
PLL	D	0.01%
BARK	D	0.01%
GEVO	D	0.01%
VRDN	F	0.01%
VCTR	A	0.01%
CMCL	F	0.01%
CALM	D	0.01%
ORGO	F	0.01%
CHMG	B	0.01%
GNE	F	0.01%
RGCO	B	0.01%
BWFG	D	0.01%
PDLB	D	0.01%
CIFR	C	0.01%
GRWG	B	0.01%
NARI	F	0.01%
BCBP	D	0.01%
OCN	C	0.01%
BTBT	F	0.01%
OVLY	C	0.01%
AVDX	D	0.01%
TYRA	B	0.01%
RSVR	B	0.01%
BEAM	F	0.01%
STHO	B	0.01%
WEYS	F	0.01%
SES	F	0.01%
NGVC	B	0.01%
ME	F	0.01%
NKSH	D	0.01%
LCNB	D	0.01%
CLAR	B	0.01%
SLRN	F	0.01%
ITIC	B	0.01%
HIBB	A	0.01%
RCKT	D	0.01%
FSBC	D	0.01%
GLUE	F	0.01%
INGN	B	0.01%
CVGI	F	0.01%
PLPC	D	0.01%
ZVRA	D	0.01%
HCAT	F	0.01%
PLBC	C	0.01%
PCB	D	0.01%
EVGO	F	0.01%
BLUE	F	0.01%
LQDT	C	0.01%
SGRY	F	0.01%
TG	B	0.01%
ATLO	B	0.01%
OB	B	0.01%
ERAS	D	0.01%
BHR	C	0.01%
FSBW	D	0.01%
QSI	D	0.01%
PKBK	C	0.01%
GENC	B	0.01%
EBS	C	0.01%
OVID	D	0.01%
MBCN	F	0.01%
COFS	D	0.01%
DXLG	F	0.01%
LAW	B	0.01%
BALY	C	0.01%
PGEN	F	0.01%
RLGT	F	0.01%
FSLY	F	0.01%
SSBK	B	0.01%
SYBT	B	0.01%
XOMA	C	0.01%
HOFT	F	0.01%
NWFL	F	0.01%
FET	F	0.01%
VRA	B	0.01%
MLYS	C	0.01%
TTSH	C	0.01%
FVCB	F	0.01%
SNPO	B	0.01%
ACTG	B	0.01%
HRT	A	0.01%
SPRY	C	0.01%
UNTY	B	0.01%
RNAC	C	0.0%
IMRX	F	0.0%
EOSE	F	0.0%
CMAX	F	0.0%
ZVIA	F	0.0%
SLND	F	0.0%
CLPT	F	0.0%
RBOT	F	0.0%
DTC	F	0.0%
BRCC	D	0.0%
ARAY	F	0.0%
FEAM	D	0.0%
HRTX	C	0.0%
OCEA	F	0.0%
CVRX	F	0.0%
ATNM	B	0.0%
UONEK	F	0.0%
CLPR	F	0.0%
CNTY	C	0.0%
MOND	D	0.0%
EVI	F	0.0%
FLL	D	0.0%
UONE	F	0.0%
BKKT	F	0.0%
IRON	F	0.0%
TSBX	D	0.0%
DZSI	D	0.0%
MAXN	F	0.0%
ARL	F	0.0%
TWOU	D	0.0%
IRBT	D	0.0%
CMPO	B	0.0%
ATOM	F	0.0%
EWCZ	F	0.0%
HPK	F	0.0%
FOA	F	0.0%
ACCD	F	0.0%
RENT	D	0.0%
STKL	D	0.0%
UHG	F	0.0%
AADI	F	0.0%
CRMD	B	0.0%
GORV	D	0.0%
OPFI	C	0.0%
VATE	D	0.0%
HCKT	F	0.0%
DSGR	B	0.0%
BHIL	F	0.0%
PL	F	0.0%
SKIL	F	0.0%
NN	B	0.0%
BOWL	F	0.0%
MITK	B	0.0%
OSPN	B	0.0%
MCRB	F	0.0%
CARA	F	0.0%
AGTI	C	0.0%
WKHS	F	0.0%
TCI	F	0.0%
DC	C	0.0%
HCSG	D	0.0%
EVER	B	0.0%
ATEX	F	0.0%
CLMB	D	0.0%
CHRS	F	0.0%
IKNA	F	0.0%
VIGL	D	0.0%
SWKH	B	0.0%
GCMG	A	0.0%
AFRI	D	0.0%
ALVR	D	0.0%
TVTX	F	0.0%
CUTR	D	0.0%
NVEC	F	0.0%
CARM	F	0.0%
LPRO	F	0.0%
EB	F	0.0%
RIGL	F	0.0%
ESQ	B	0.0%
FOSL	D	0.0%
BTMD	C	0.0%
XPOF	F	0.0%
GNLX	F	0.0%
BRBS	D	0.0%
GOCO	F	0.0%
CABA	F	0.0%
CIX	C	0.0%
EVCM	B	0.0%
MGTX	F	0.0%
HUMA	B	0.0%
EGRX	F	0.0%
AEVA	F	0.0%
VHI	D	0.0%
METCB	C	0.0%
PFMT	C	0.0%
III	F	0.0%
CMTL	F	0.0%
DLTH	F	0.0%
SCLX	F	0.0%
SAGE	F	0.0%
RLYB	D	0.0%
SGMT	F	0.0%
MKTW	F	0.0%
BW	D	0.0%
INDI	F	0.0%
ATXS	D	0.0%
RGR	F	0.0%
PRLD	F	0.0%
BLFS	B	0.0%
ATRA	F	0.0%
RAPT	F	0.0%
BBSI	B	0.0%
CEVA	D	0.0%
KIDS	B	0.0%
KZR	F	0.0%
SST	F	0.0%
BIRD	F	0.0%

IWN Underweight 69 Positions Relative to VNQ

Symbol	Grade	Weight
PLD	D	-7.61%
AMT	D	-5.82%
EQIX	F	-4.9%
SPG	C	-3.23%
WELL	A	-3.16%
CCI	D	-2.9%
PSA	D	-2.9%
O	B	-2.84%
DLR	D	-2.67%
CSGP	C	-2.49%
EXR	D	-1.96%
CBRE	D	-1.87%
VICI	B	-1.79%
AVB	A	-1.67%
WY	F	-1.66%
IRM	C	-1.48%
SBAC	D	-1.47%
EQR	A	-1.44%
INVH	B	-1.38%
ARE	D	-1.35%
VTR	B	-1.11%
SUI	D	-1.01%
ESS	A	-0.99%
MAA	B	-0.97%
HST	D	-0.92%
KIM	C	-0.84%
DOC	A	-0.84%
GLPI	D	-0.78%
WPC	C	-0.78%
AMH	B	-0.76%
UDR	B	-0.74%
ELS	D	-0.72%
REXR	D	-0.67%
REG	F	-0.67%
LAMR	B	-0.66%
CPT	B	-0.66%
CUBE	D	-0.64%
BXP	F	-0.62%
JLL	C	-0.59%
EGP	D	-0.53%
OHI	B	-0.49%
NNN	B	-0.49%
Z	F	-0.47%
FRT	B	-0.47%
BRX	C	-0.45%
COLD	F	-0.45%
FR	D	-0.44%
STAG	D	-0.44%
RHP	D	-0.41%
ADC	B	-0.36%
RYN	F	-0.3%
AIRC	A	-0.3%
VNO	F	-0.29%
KRC	F	-0.26%
CUZ	B	-0.23%
PK	D	-0.23%
NSA	D	-0.2%
EPR	C	-0.2%
HIW	B	-0.18%
MPW	D	-0.18%
ZG	F	-0.17%
JOE	B	-0.13%
EXPI	C	-0.05%
RDFN	D	-0.04%
UHT	C	-0.03%
ALX	B	-0.03%
ILPT	B	-0.02%
SRG	D	-0.02%
FSP	D	-0.01%