AFSM vs. VFMO ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to Vanguard U.S. Momentum Factor ETF (VFMO)

AFSM

Active Factor Small Cap ETF

AFSM Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$27.75

Average Daily Volume

5,777

Number of Holdings ^*

308

* may have additional holdings in another (foreign) market

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$142.01

Average Daily Volume

33,757

Number of Holdings ^*

469

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	VFMO
30 Days	-4.39%	-5.90%
60 Days	-3.17%	-4.65%
90 Days	2.16%	4.27%
12 Months	24.42%	29.20%

122 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in VFMO	Overlap
ABG	D	0.35%	0.17%	0.17%
ACAD	D	0.09%	0.07%	0.07%
AIT	D	0.11%	0.23%	0.11%
ALKT	A	0.1%	0.1%	0.1%
AMPH	D	0.59%	0.16%	0.16%
AMR	D	0.63%	0.1%	0.1%
AMWD	C	0.29%	0.13%	0.13%
ANDE	B	0.32%	0.07%	0.07%
ANF	C	0.79%	0.18%	0.18%
ANIP	B	0.4%	0.09%	0.09%
APPF	B	0.57%	0.08%	0.08%
ARCB	F	0.34%	0.02%	0.02%
ARCH	D	0.66%	0.03%	0.03%
AROC	B	0.66%	0.3%	0.3%
ASC	A	0.39%	0.03%	0.03%
BCC	D	1.16%	0.21%	0.21%
BELFB	A	0.27%	0.14%	0.14%
BMI	A	0.6%	0.26%	0.26%
BRBR	C	0.54%	0.36%	0.36%
BRZE	F	0.2%	0.1%	0.1%
CABA	D	0.08%	0.21%	0.08%
CASH	B	0.23%	0.08%	0.08%
CBZ	D	0.36%	0.15%	0.15%
CCS	D	0.21%	0.06%	0.06%
CECO	B	0.13%	0.04%	0.04%
CEIX	F	0.51%	0.1%	0.1%
CHCO	A	0.52%	0.12%	0.12%
CLSK	B	0.17%	0.17%	0.17%
CMPR	D	0.21%	0.15%	0.15%
COKE	C	0.24%	0.03%	0.03%
COOP	A	0.35%	0.03%	0.03%
CRAI	A	0.07%	0.03%	0.03%
CRS	A	0.28%	0.11%	0.11%
CTS	A	0.05%	0.05%	0.05%
DAKT	A	0.25%	0.04%	0.04%
DDS	B	0.87%	0.06%	0.06%
DFH	C	0.24%	0.15%	0.15%
DUOL	A	0.23%	0.22%	0.22%
ELF	D	1.09%	0.18%	0.18%
EME	A	0.7%	0.44%	0.44%
EYPT	C	0.02%	0.23%	0.02%
FIX	D	0.91%	0.34%	0.34%
FOR	D	0.11%	0.15%	0.11%
GFF	C	0.05%	0.32%	0.05%
GMS	C	0.65%	0.09%	0.09%
GRBK	C	0.5%	0.12%	0.12%
HCC	A	1.03%	0.19%	0.19%
HCI	A	0.3%	0.08%	0.08%
HDSN	F	0.19%	0.04%	0.04%
HLX	B	0.26%	0.29%	0.26%
HOV	B	0.19%	0.12%	0.12%
HURN	F	0.46%	0.2%	0.2%
HVT	D	0.05%	0.04%	0.04%
HWKN	A	0.28%	0.1%	0.1%
IDCC	D	0.54%	0.03%	0.03%
IDYA	C	0.2%	0.15%	0.15%
INSW	A	0.2%	0.16%	0.16%
INTA	F	0.16%	0.11%	0.11%
KNSA	B	0.19%	0.06%	0.06%
KOP	D	0.33%	0.06%	0.06%
KRYS	C	0.08%	0.12%	0.08%
LOPE	C	0.31%	0.05%	0.05%
LPG	B	0.69%	0.24%	0.24%
LQDA	C	0.15%	0.09%	0.09%
LRN	A	0.27%	0.08%	0.08%
MATX	D	0.63%	0.03%	0.03%
MEDP	B	0.45%	0.23%	0.23%
MHO	D	0.71%	0.24%	0.24%
MIRM	D	0.17%	0.09%	0.09%
MLI	A	0.72%	0.11%	0.11%
MOD	B	0.76%	0.17%	0.17%
MOG.A	A	0.29%	0.06%	0.06%
MTG	B	0.77%	0.16%	0.16%
MTH	A	0.33%	0.22%	0.22%
NEO	F	0.11%	0.09%	0.09%
NSIT	D	0.38%	0.28%	0.28%
ONTO	B	0.34%	0.41%	0.34%
OSCR	A	0.15%	0.21%	0.15%
OSIS	B	0.26%	0.02%	0.02%
PARR	F	0.21%	0.13%	0.13%
PBF	B	0.64%	0.14%	0.14%
POWL	B	0.51%	0.19%	0.19%
PRDO	A	0.62%	0.04%	0.04%
PRG	B	0.31%	0.09%	0.09%
PSN	D	0.3%	0.1%	0.1%
QLYS	D	0.39%	0.21%	0.21%
QTRX	D	0.19%	0.14%	0.14%
RAMP	F	0.26%	0.07%	0.07%
RDN	C	0.5%	0.1%	0.1%
RMBS	F	0.25%	0.3%	0.25%
ROCK	F	0.1%	0.06%	0.06%
RXST	A	0.21%	0.16%	0.16%
SCS	D	0.33%	0.11%	0.11%
SFM	A	0.07%	0.1%	0.07%
SIBN	F	0.04%	0.08%	0.04%
SKYW	A	0.48%	0.22%	0.22%
SMCI	D	0.75%	0.27%	0.27%
SPNS	B	0.38%	0.03%	0.03%
SPSC	B	0.1%	0.21%	0.1%
SQSP	B	0.06%	0.06%	0.06%
SSD	D	0.61%	0.45%	0.45%
STNG	B	0.19%	0.04%	0.04%
STRL	D	0.7%	0.18%	0.18%
TBBK	F	0.21%	0.1%	0.1%
TEX	D	0.59%	0.18%	0.18%
TMHC	C	0.65%	0.22%	0.22%
TNC	B	0.55%	0.04%	0.04%
TNET	F	0.06%	0.07%	0.06%
TNK	A	0.78%	0.17%	0.17%
TPH	A	0.07%	0.08%	0.07%
UFPI	D	0.33%	0.03%	0.03%
UFPT	B	0.54%	0.06%	0.06%
UVE	A	0.49%	0.03%	0.03%
VCEL	C	0.05%	0.06%	0.05%
VRNS	D	0.3%	0.07%	0.07%
WFRD	B	0.8%	0.28%	0.28%
WINA	B	0.45%	0.14%	0.14%
WIRE	A	0.83%	0.1%	0.1%
WTS	C	0.32%	0.11%	0.11%
YELP	B	0.1%	0.18%	0.1%
YEXT	F	0.09%	0.05%	0.05%
ZEUS	D	0.05%	0.1%	0.05%

AFSM Overweight 186 Positions Relative to VFMO

Symbol	Grade	Weight
ESGR	C	0.92%
PFBC	A	0.85%
ALKS	F	0.82%
CAL	D	0.81%
KBH	C	0.76%
ATKR	B	0.73%
CPRX	C	0.68%
PLUS	D	0.66%
GNK	A	0.64%
SLVM	A	0.63%
CNXN	D	0.6%
OTTR	A	0.59%
SANM	C	0.59%
OFG	A	0.57%
SKT	C	0.57%
SIG	D	0.57%
MUSA	B	0.57%
NTB	A	0.57%
CALM	D	0.56%
BXC	D	0.55%
DFIN	B	0.55%
BKU	A	0.53%
BDC	D	0.53%
PLAB	D	0.53%
CRVL	C	0.53%
NHC	C	0.52%
HUBG	D	0.5%
LGND	C	0.48%
OPCH	D	0.48%
BTU	F	0.46%
EGBN	F	0.46%
FDP	A	0.46%
CCRN	D	0.45%
STBA	B	0.45%
TGNA	D	0.45%
NAVI	F	0.45%
HIBB	A	0.43%
GMED	D	0.43%
RMR	A	0.43%
FBP	A	0.39%
MD	F	0.39%
BKE	D	0.39%
VNDA	A	0.38%
TWI	F	0.38%
BPMC	A	0.38%
VSH	C	0.38%
ODP	D	0.37%
CWCO	D	0.37%
NTCT	D	0.37%
PINC	D	0.37%
INMD	F	0.36%
CADE	A	0.36%
ALRM	C	0.36%
HRMY	D	0.36%
GEO	B	0.35%
CVLT	A	0.34%
DNOW	D	0.34%
ADUS	B	0.34%
M	D	0.34%
CTRE	A	0.33%
APOG	A	0.33%
CMC	D	0.33%
MRVI	B	0.32%
HIW	A	0.32%
CVBF	D	0.32%
ALE	A	0.32%
ETD	D	0.31%
IBOC	A	0.31%
WNC	F	0.31%
AMRK	A	0.31%
MCY	A	0.3%
HRB	B	0.3%
REZI	D	0.3%
VRNT	C	0.3%
HLNE	A	0.3%
RHP	D	0.3%
IIPR	A	0.3%
ASTH	C	0.29%
MED	F	0.29%
SFL	A	0.28%
NMIH	A	0.28%
CRC	D	0.28%
KFY	D	0.28%
NHI	A	0.27%
MAC	F	0.27%
PDM	B	0.27%
AMKR	C	0.27%
BKH	A	0.27%
HSII	D	0.26%
ITCI	B	0.26%
MITK	D	0.26%
STRA	A	0.26%
CUZ	B	0.26%
SUPN	C	0.26%
NSSC	B	0.26%
MOV	D	0.25%
SLG	B	0.25%
CORT	C	0.25%
ACT	A	0.25%
XRX	F	0.25%
HAE	A	0.25%
CATY	F	0.25%
SD	B	0.24%
DHT	A	0.24%
WGO	D	0.24%
RLI	B	0.24%
SBRA	C	0.24%
PK	D	0.24%
THFF	D	0.24%
HIMS	C	0.23%
KFRC	D	0.22%
TMDX	A	0.22%
IIIN	D	0.22%
PFS	B	0.21%
WMK	D	0.21%
DOLE	B	0.21%
WABC	A	0.21%
UE	B	0.21%
AVNS	D	0.21%
VGR	D	0.2%
SITC	C	0.2%
EPR	C	0.2%
LNTH	A	0.19%
BASE	C	0.19%
RYI	F	0.19%
EXTR	F	0.19%
KRC	F	0.19%
IMXI	D	0.19%
BPOP	A	0.18%
TCMD	F	0.18%
INVA	A	0.17%
PIPR	A	0.17%
LMAT	B	0.17%
NUS	F	0.17%
FWRD	F	0.17%
COHU	F	0.17%
ASIX	F	0.16%
SIGA	A	0.16%
CHRD	B	0.16%
MXL	D	0.16%
AXSM	B	0.16%
IMKTA	F	0.16%
IRWD	D	0.16%
LXU	B	0.15%
ALXO	A	0.14%
OMI	D	0.14%
BRC	A	0.14%
AYI	D	0.13%
LBRT	B	0.12%
ASO	F	0.1%
ESNT	D	0.09%
CSGS	F	0.08%
KN	D	0.08%
AMN	D	0.07%
KTB	A	0.07%
VCTR	A	0.07%
VSTO	A	0.06%
JWN	B	0.06%
GES	B	0.06%
KAI	D	0.06%
TGTX	B	0.06%
BECN	A	0.06%
OPI	F	0.06%
EIG	C	0.06%
OVV	B	0.06%
JBI	B	0.06%
MLKN	D	0.05%
INDB	B	0.05%
PRK	A	0.05%
CRUS	D	0.05%
FIBK	A	0.05%
KSS	F	0.05%
ATEN	B	0.05%
OGS	A	0.05%
UNFI	F	0.05%
APAM	D	0.05%
GCO	F	0.04%
TDC	D	0.04%
DVAX	D	0.04%
PHR	F	0.04%
EGRX	F	0.04%
EMBC	F	0.04%
EOLS	C	0.04%
VSCO	D	0.03%
SPTN	F	0.03%
AKR	A	0.0%

AFSM Underweight 347 Positions Relative to VFMO

Symbol	Grade	Weight
AVGO	D	-1.99%
META	D	-1.74%
NVDA	C	-1.68%
AMD	D	-1.66%
ADBE	F	-1.53%
ANET	D	-1.48%
GE	A	-1.43%
UBER	D	-1.38%
CDNS	D	-1.27%
PANW	B	-1.24%
LLY	B	-1.24%
GOOG	A	-1.17%
INTC	F	-1.14%
NOW	D	-1.13%
ETN	B	-1.08%
AMZN	B	-1.01%
NFLX	D	-1.0%
LRCX	D	-0.98%
SNPS	D	-0.94%
AMAT	D	-0.89%
PH	B	-0.81%
BKNG	D	-0.73%
TT	A	-0.67%
MPC	B	-0.63%
CRM	D	-0.62%
FDX	B	-0.61%
KLAC	C	-0.6%
ORCL	D	-0.59%
CMCSA	F	-0.58%
LEN	D	-0.55%
JBL	F	-0.55%
WDAY	F	-0.55%
PHM	B	-0.53%
MSFT	C	-0.53%
TJX	C	-0.53%
TDG	A	-0.52%
CMG	A	-0.51%
AJG	C	-0.5%
GOOGL	A	-0.49%
NVR	D	-0.46%
DKNG	C	-0.46%
MRVL	D	-0.46%
DHI	D	-0.45%
PSX	D	-0.44%
ALSN	D	-0.43%
DECK	D	-0.43%
MCK	A	-0.42%
LULU	F	-0.37%
SPOT	B	-0.37%
RCL	A	-0.37%
SAIA	F	-0.37%
BLDR	C	-0.36%
FTI	B	-0.35%
FCNCA	A	-0.35%
CACC	F	-0.34%
URI	D	-0.34%
CRWD	D	-0.33%
XPO	D	-0.32%
SKX	A	-0.32%
CHTR	F	-0.31%
NTNX	C	-0.31%
HUBS	B	-0.31%
UNM	A	-0.31%
TSLA	C	-0.3%
CELH	C	-0.29%
PCAR	D	-0.29%
PLTR	C	-0.28%
APP	B	-0.28%
VRTX	C	-0.27%
MANH	F	-0.26%
COIN	D	-0.26%
MDB	D	-0.25%
ZS	F	-0.25%
FICO	D	-0.25%
GWW	D	-0.25%
APG	B	-0.24%
ORLY	D	-0.24%
ARES	B	-0.24%
TOL	B	-0.24%
SOFI	F	-0.24%
LIN	C	-0.24%
TPX	C	-0.24%
APO	C	-0.23%
RUSHA	F	-0.23%
CCL	F	-0.23%
AXON	B	-0.23%
VRT	A	-0.23%
BLD	C	-0.23%
W	F	-0.23%
AFRM	D	-0.23%
ACLS	D	-0.23%
XP	F	-0.22%
MSTR	D	-0.22%
KNSL	F	-0.22%
CARR	A	-0.22%
BTBT	F	-0.21%
JPM	A	-0.21%
CAH	D	-0.21%
TDW	B	-0.21%
TREX	C	-0.21%
OC	A	-0.21%
CPRT	C	-0.21%
CLH	A	-0.21%
ACGL	A	-0.2%
NVT	B	-0.2%
NU	C	-0.2%
EXP	C	-0.2%
RS	D	-0.2%
HUBB	D	-0.19%
BLBD	D	-0.19%
SCCO	A	-0.19%
EXAS	F	-0.19%
ACMR	D	-0.19%
AUR	B	-0.19%
LNW	D	-0.19%
NPO	D	-0.18%
ATI	A	-0.18%
ACLX	D	-0.18%
ROKU	F	-0.18%
AGM	A	-0.18%
NR	B	-0.17%
CIFR	B	-0.17%
OPEN	F	-0.17%
AI	F	-0.17%
IPAR	F	-0.17%
CW	A	-0.17%
RIOT	F	-0.17%
ACVA	D	-0.17%
WEAV	D	-0.17%
ESTC	B	-0.17%
UPST	F	-0.17%
VNT	D	-0.17%
LII	D	-0.17%
FSLY	D	-0.16%
NEU	D	-0.16%
GPOR	B	-0.16%
GNW	C	-0.16%
RNR	C	-0.16%
ARDX	C	-0.16%
PRI	D	-0.16%
TDS	B	-0.16%
ROST	D	-0.16%
CVNA	B	-0.16%
ACHR	D	-0.16%
LMB	B	-0.16%
HY	D	-0.16%
OMF	A	-0.16%
KD	C	-0.15%
FRSH	D	-0.15%
UWMC	C	-0.15%
MSA	C	-0.15%
NAT	D	-0.15%
FN	D	-0.15%
APLD	F	-0.15%
WING	A	-0.15%
NYCB	F	-0.14%
OII	D	-0.14%
BAH	B	-0.14%
BZH	D	-0.14%
CRNX	A	-0.14%
GBX	B	-0.14%
HEES	F	-0.14%
IBKR	A	-0.14%
UEC	A	-0.13%
IMVT	D	-0.13%
PCVX	C	-0.13%
AMRX	A	-0.13%
BBIO	D	-0.13%
WWD	A	-0.13%
TTD	B	-0.13%
MDXG	D	-0.13%
CDLX	A	-0.13%
RYAN	B	-0.13%
PETQ	D	-0.13%
IRON	F	-0.13%
SPNT	C	-0.13%
WSO	A	-0.13%
GSHD	D	-0.13%
THR	A	-0.12%
MGRC	D	-0.12%
MSGE	A	-0.12%
ANSS	D	-0.12%
ARLO	B	-0.12%
PWR	A	-0.12%
SDGR	F	-0.12%
KTOS	B	-0.12%
TK	B	-0.12%
CARS	F	-0.12%
ALPN	A	-0.12%
INSM	D	-0.12%
PNR	C	-0.12%
DMRC	F	-0.12%
PRIM	A	-0.12%
SXI	B	-0.12%
IGT	F	-0.11%
DASH	D	-0.11%
COTY	D	-0.11%
JELD	A	-0.11%
PTGX	D	-0.11%
JOE	A	-0.11%
WW	F	-0.11%
PCOR	D	-0.11%
ADMA	A	-0.11%
INST	F	-0.11%
OLMA	D	-0.1%
NVRI	C	-0.1%
OIS	F	-0.1%
PTC	D	-0.1%
CNK	D	-0.1%
LEU	B	-0.1%
AUPH	F	-0.1%
AFL	A	-0.1%
EXEL	B	-0.1%
ETRN	B	-0.1%
JOBY	D	-0.1%
OEC	B	-0.1%
ICFI	C	-0.1%
INOD	F	-0.1%
ARCT	D	-0.09%
MRNS	F	-0.09%
NUVL	C	-0.09%
BSY	B	-0.09%
IT	D	-0.09%
NET	C	-0.09%
CPS	B	-0.09%
SRRK	C	-0.09%
MTW	F	-0.09%
IAS	F	-0.09%
FUBO	F	-0.09%
STNE	C	-0.08%
ROAD	D	-0.08%
MPWR	C	-0.08%
RDNT	A	-0.08%
AOS	C	-0.08%
BLMN	D	-0.08%
ACA	D	-0.08%
COUR	F	-0.08%
AIR	A	-0.08%
DVA	A	-0.08%
PRO	D	-0.08%
DDOG	A	-0.08%
INTU	C	-0.08%
CSWI	A	-0.08%
SPB	C	-0.08%
AZEK	C	-0.07%
VKTX	B	-0.07%
CUBI	D	-0.07%
CHX	B	-0.07%
CIVI	D	-0.07%
WCC	F	-0.07%
NRDY	F	-0.07%
EVR	C	-0.07%
LEN	D	-0.07%
AGYS	B	-0.07%
MTRN	F	-0.07%
GWRE	D	-0.07%
VERA	C	-0.07%
FSS	B	-0.07%
PWSC	F	-0.07%
SMMT	B	-0.06%
WOR	D	-0.06%
TTI	D	-0.06%
UHAL	C	-0.06%
TAST	A	-0.06%
COLL	B	-0.06%
PAR	C	-0.06%
CXM	D	-0.06%
VYGR	C	-0.06%
SXC	D	-0.06%
URGN	D	-0.06%
EHTH	F	-0.06%
ESAB	B	-0.06%
INZY	D	-0.06%
EXPI	F	-0.06%
ALTR	D	-0.06%
PAG	D	-0.06%
ODFL	F	-0.05%
DT	F	-0.05%
PR	B	-0.05%
MYRG	C	-0.05%
DV	F	-0.05%
OLLI	D	-0.05%
AVAV	A	-0.05%
FLNC	B	-0.05%
MIR	B	-0.05%
IBP	B	-0.05%
AMK	D	-0.05%
SPOK	C	-0.05%
OSW	B	-0.05%
HAYN	A	-0.05%
BBW	A	-0.05%
BKD	A	-0.04%
REX	B	-0.04%
BRO	C	-0.04%
MWA	A	-0.04%
ATGE	B	-0.04%
LAUR	A	-0.04%
AEHR	F	-0.04%
BSX	A	-0.04%
NABL	D	-0.04%
EPAC	A	-0.04%
AN	A	-0.04%
DBRG	F	-0.04%
PATK	D	-0.04%
MSI	B	-0.04%
WRLD	A	-0.04%
LYTS	A	-0.04%
HNI	C	-0.04%
RRGB	D	-0.04%
NNI	A	-0.04%
ENS	D	-0.04%
KALV	B	-0.04%
JBSS	D	-0.04%
EHC	A	-0.04%
CRDO	F	-0.04%
HQY	C	-0.03%
CACI	A	-0.03%
VRSK	C	-0.03%
ESE	B	-0.03%
PINS	B	-0.03%
SNDR	F	-0.03%
PDFS	F	-0.03%
VSEC	A	-0.03%
OSUR	F	-0.03%
LTH	F	-0.03%
CMCO	C	-0.03%
GXO	F	-0.03%
WDC	A	-0.03%
SGH	D	-0.03%
ATRO	D	-0.03%
ORI	A	-0.03%
CHUY	F	-0.03%
WSM	A	-0.03%
WULF	C	-0.03%
BBAI	F	-0.03%
LAD	F	-0.03%
DXPE	B	-0.03%
PDSB	F	-0.02%
GATX	C	-0.02%
FOUR	F	-0.02%
RDFN	F	-0.02%
NYT	C	-0.02%
PLPC	D	-0.02%
SCPH	F	-0.02%
HNRG	F	-0.02%
OCUL	D	-0.02%
EB	F	-0.02%