IWB vs. USNZ ETF Comparison

Comparison of iShares Russell 1000 ETF (IWB) to Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ)

IWB

iShares Russell 1000 ETF

IWB Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities. 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 1000® Index (the "underlying index"), which measures the performance of large- and mid-capitalization sectors of the U.S. equity market.

Grade (RS Rating)

Last Trade

$322.29

Average Daily Volume

815,329

Number of Holdings ^*

999

* may have additional holdings in another (foreign) market

USNZ

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

USNZ Description

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF is an exchange traded fund launched and managed by DBX Advisors LLC. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the Solactive ISS ESG United States Net Zero Pathway Enhanced Index, by using full replication technique. The fund does not invest in companies operating across controversial weapons, exhibit poor overall ESG performance, fossil fuels, oil sands, hydraulic fracturing and shale oil/gas, artic or deep water drilling, tobacco, weapons and firearms, alcohol, gambling, adult entertainment or recreational cannabis. Xtrackers Net Zero Pathway Paris Aligned US Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$37.28

Average Daily Volume

6,686

Number of Holdings ^*

331

* may have additional holdings in another (foreign) market

Performance

Period	IWB	USNZ
30 Days	0.89%	-1.17%
60 Days	4.85%	2.21%
90 Days	6.54%	3.70%
12 Months	32.23%	29.85%

324 Overlapping Holdings

	Symbol	Grade	Weight in IWB	Weight in USNZ	Overlap
	A	D	0.07%	0.09%	0.07%
	AAPL	C	5.97%	8.49%	5.97%
	ABBV	F	0.64%	0.84%	0.64%
	ABNB	C	0.11%	0.14%	0.11%
	ABT	B	0.37%	0.52%	0.37%
	ACGL	C	0.07%	0.07%	0.07%
	ACN	C	0.4%	0.49%	0.4%
	ADBE	F	0.4%	0.45%	0.4%
	ADI	D	0.2%	0.32%	0.2%
	ADM	D	0.05%	0.0%	0.0%
	ADP	B	0.23%	0.26%	0.23%
	ADSK	B	0.12%	0.14%	0.12%
	AFL	C	0.11%	0.11%	0.11%
	AIG	B	0.09%	0.09%	0.09%
	AJG	A	0.11%	0.13%	0.11%
	AKAM	F	0.02%	0.03%	0.02%
	ALGN	D	0.03%	0.12%	0.03%
	ALL	A	0.09%	0.07%	0.07%
	ALNY	D	0.06%	0.18%	0.06%
	AMAT	F	0.29%	0.4%	0.29%
	AMD	F	0.43%	0.56%	0.43%
	AMGN	D	0.32%	0.45%	0.32%
	AMP	A	0.1%	0.1%	0.1%
	AMT	D	0.17%	0.29%	0.17%
	ANET	C	0.19%	0.32%	0.19%
	AON	A	0.14%	0.16%	0.14%
	APO	A	0.15%	0.14%	0.14%
	APTV	F	0.03%	0.1%	0.03%
	ARE	D	0.04%	0.14%	0.04%
	ARES	B	0.06%	0.07%	0.06%
	AVB	A	0.06%	0.18%	0.06%
	AVGO	C	1.51%	1.79%	1.51%
	AVTR	F	0.03%	0.13%	0.03%
	AWK	C	0.05%	0.49%	0.05%
	AXP	A	0.29%	0.35%	0.29%
	AZO	C	0.1%	0.22%	0.1%
	BAC	A	0.55%	0.61%	0.55%
	BALL	D	0.03%	0.12%	0.03%
	BAX	F	0.03%	0.14%	0.03%
	BBY	C	0.03%	0.08%	0.03%
	BDX	F	0.12%	0.24%	0.12%
	BIIB	F	0.05%	0.13%	0.05%
	BK	A	0.1%	0.13%	0.1%
	BKNG	A	0.31%	0.34%	0.31%
	BMRN	F	0.02%	0.11%	0.02%
	BMY	B	0.2%	0.37%	0.2%
	BR	A	0.05%	0.05%	0.05%
	BSX	B	0.23%	0.38%	0.23%
	C	A	0.24%	0.26%	0.24%
	CAG	F	0.02%	0.1%	0.02%
	CAH	B	0.05%	0.1%	0.05%
	CARR	D	0.12%	0.12%	0.12%
	CB	C	0.21%	0.23%	0.21%
	CBOE	D	0.04%	0.05%	0.04%
	CBRE	B	0.08%	0.06%	0.06%
	CCI	D	0.08%	0.2%	0.08%
	CDNS	B	0.15%	0.17%	0.15%
	CDW	F	0.05%	0.06%	0.05%
	CFG	A	0.04%	0.02%	0.02%
	CHD	A	0.05%	0.15%	0.05%
	CHTR	B	0.07%	0.08%	0.07%
	CI	D	0.16%	0.17%	0.16%
	CINF	A	0.04%	0.04%	0.04%
	CL	D	0.14%	0.22%	0.14%
	CLX	A	0.04%	0.16%	0.04%
	CMCSA	B	0.3%	0.36%	0.3%
	CME	A	0.15%	0.17%	0.15%
	CMG	B	0.15%	0.17%	0.15%
	CNC	F	0.06%	0.08%	0.06%
	COF	A	0.13%	0.11%	0.11%
	COIN	A	0.1%	0.11%	0.1%
	COR	B	0.07%	0.17%	0.07%
	CPAY	A	0.05%	0.06%	0.05%
	CPB	D	0.02%	0.1%	0.02%
	CPRT	A	0.09%	0.21%	0.09%
	CRM	A	0.55%	0.59%	0.55%
	CRWD	B	0.14%	0.15%	0.14%
	CSCO	B	0.43%	0.59%	0.43%
	CSGP	F	0.06%	0.06%	0.06%
	CTAS	B	0.14%	0.17%	0.14%
	CTSH	B	0.07%	0.08%	0.07%
	CTVA	D	0.07%	0.19%	0.07%
	CVS	F	0.13%	0.25%	0.13%
	DAL	A	0.07%	0.15%	0.07%
	DASH	B	0.11%	0.28%	0.11%
	DDOG	B	0.07%	0.07%	0.07%
	DE	D	0.18%	0.3%	0.18%
	DFS	A	0.08%	0.1%	0.08%
	DGX	A	0.03%	0.03%	0.03%
	DHI	D	0.09%	0.2%	0.09%
	DHR	D	0.29%	0.43%	0.29%
	DIS	A	0.33%	0.37%	0.33%
	DLR	A	0.11%	0.24%	0.11%
	DOC	D	0.03%	0.15%	0.03%
	DOV	A	0.05%	0.13%	0.05%
	DOX	D	0.02%	0.02%	0.02%
	DPZ	C	0.03%	0.03%	0.03%
	DXCM	C	0.05%	0.12%	0.05%
	EA	A	0.08%	0.08%	0.08%
	EBAY	D	0.06%	0.18%	0.06%
	ECL	D	0.11%	0.23%	0.11%
	EFX	F	0.06%	0.08%	0.06%
	EG	D	0.03%	0.02%	0.02%
	EIX	C	0.06%	0.55%	0.06%
	EL	F	0.03%	0.1%	0.03%
	ELV	F	0.18%	0.2%	0.18%
	ENPH	F	0.02%	0.09%	0.02%
	EQIX	B	0.16%	0.29%	0.16%
	EQR	C	0.05%	0.16%	0.05%
	ESS	A	0.04%	0.15%	0.04%
	EW	C	0.07%	0.15%	0.07%
	EXPD	D	0.03%	0.12%	0.03%
	EXPE	A	0.04%	0.05%	0.04%
	EXR	C	0.06%	0.18%	0.06%
	F	C	0.08%	0.09%	0.08%
	FAST	B	0.09%	0.23%	0.09%
	FDX	A	0.12%	0.21%	0.12%
	FI	A	0.22%	0.26%	0.22%
	FICO	A	0.1%	0.11%	0.1%
	FIS	B	0.09%	0.1%	0.09%
	FITB	A	0.06%	0.06%	0.06%
	FNF	C	0.03%	0.02%	0.02%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	A	0.02%	0.02%	0.02%
	FTNT	A	0.1%	0.1%	0.1%
	GEHC	D	0.07%	0.19%	0.07%
	GEN	B	0.03%	0.04%	0.03%
	GFS	C	0.01%	0.07%	0.01%
	GILD	B	0.22%	0.4%	0.22%
	GIS	D	0.07%	0.16%	0.07%
	GLW	B	0.07%	0.17%	0.07%
	GM	A	0.11%	0.15%	0.11%
	GOOG	B	1.6%	1.93%	1.6%
	GOOGL	B	1.9%	2.15%	1.9%
	GPC	D	0.03%	0.12%	0.03%
	GPN	B	0.05%	0.07%	0.05%
	GRMN	B	0.06%	0.19%	0.06%
	GS	A	0.34%	0.39%	0.34%
	GWW	A	0.09%	0.19%	0.09%
	HBAN	A	0.05%	0.06%	0.05%
	HCA	D	0.12%	0.14%	0.12%
	HD	A	0.73%	0.87%	0.73%
	HIG	C	0.06%	0.05%	0.05%
	HOLX	D	0.03%	0.14%	0.03%
	HPQ	B	0.07%	0.13%	0.07%
	HRL	D	0.02%	0.08%	0.02%
	HSY	F	0.05%	0.14%	0.05%
	HUBS	A	0.06%	0.07%	0.06%
	HUM	F	0.06%	0.08%	0.06%
	IBKR	A	0.03%	0.05%	0.03%
	ICE	D	0.16%	0.19%	0.16%
	IDXX	F	0.06%	0.17%	0.06%
	IFF	D	0.04%	0.13%	0.04%
	ILMN	C	0.04%	0.2%	0.04%
	INCY	B	0.02%	0.17%	0.02%
	INTC	C	0.2%	0.3%	0.2%
	INTU	A	0.34%	0.37%	0.34%
	INVH	D	0.04%	0.14%	0.04%
	IP	A	0.04%	0.06%	0.04%
	IQV	F	0.07%	0.08%	0.07%
	IRM	D	0.06%	0.2%	0.06%
	ISRG	A	0.34%	0.5%	0.34%
	IT	B	0.07%	0.08%	0.07%
	JBHT	B	0.03%	0.14%	0.03%
	JCI	A	0.1%	0.12%	0.1%
	JNJ	D	0.68%	0.87%	0.68%
	JPM	A	1.23%	1.38%	1.23%
	K	B	0.04%	0.17%	0.04%
	KDP	D	0.07%	0.17%	0.07%
	KEY	A	0.03%	0.03%	0.03%
	KEYS	C	0.05%	0.17%	0.05%
	KHC	F	0.05%	0.13%	0.05%
	KKR	A	0.19%	0.22%	0.19%
	KLAC	F	0.17%	0.26%	0.17%
	KMB	C	0.08%	0.17%	0.08%
	KO	D	0.45%	0.6%	0.45%
	LEN	D	0.0%	0.05%	0.0%
	LEN	D	0.07%	0.19%	0.07%
	LEN	D	0.0%	0.19%	0.0%
	LEN	D	0.07%	0.05%	0.05%
	LH	B	0.04%	0.05%	0.04%
	LLY	F	1.2%	1.46%	1.2%
	LOW	A	0.28%	0.37%	0.28%
	LRCX	F	0.19%	0.28%	0.19%
	LULU	C	0.07%	0.19%	0.07%
	LUV	A	0.03%	0.1%	0.03%
	LYV	A	0.04%	0.04%	0.04%
	MA	A	0.78%	0.88%	0.78%
	MAA	A	0.03%	0.15%	0.03%
	MAS	D	0.03%	0.12%	0.03%
	MCD	D	0.39%	0.43%	0.39%
	MCHP	F	0.07%	0.15%	0.07%
	MCK	A	0.14%	0.24%	0.14%
	MCO	C	0.14%	0.16%	0.14%
	MDB	C	0.04%	0.04%	0.04%
	MDLZ	F	0.16%	0.27%	0.16%
	MDT	D	0.2%	0.34%	0.2%
	MET	A	0.09%	0.07%	0.07%
	META	C	2.34%	3.23%	2.34%
	MKC	D	0.04%	0.15%	0.04%
	MKL	A	0.04%	0.04%	0.04%
	MLM	B	0.07%	0.17%	0.07%
	MMC	C	0.2%	0.23%	0.2%
	MPWR	F	0.06%	0.16%	0.06%
	MRK	F	0.47%	0.6%	0.47%
	MRNA	F	0.03%	0.08%	0.03%
	MRVL	B	0.15%	0.26%	0.15%
	MS	A	0.27%	0.34%	0.27%
	MSCI	A	0.08%	0.09%	0.08%
	MSFT	D	5.69%	8.04%	5.69%
	MSI	A	0.15%	0.28%	0.15%
	MTB	A	0.06%	0.06%	0.06%
	MTD	F	0.05%	0.17%	0.05%
	MU	D	0.22%	0.33%	0.22%
	NDAQ	A	0.06%	0.07%	0.06%
	NET	C	0.05%	0.06%	0.05%
	NFLX	A	0.62%	0.68%	0.62%
	NKE	D	0.16%	0.29%	0.16%
	NOW	B	0.37%	0.42%	0.37%
	NTAP	D	0.05%	0.14%	0.05%
	NTRS	A	0.04%	0.05%	0.04%
	NUE	D	0.07%	0.09%	0.07%
	NVDA	B	6.25%	7.72%	6.25%
	NVR	D	0.05%	0.16%	0.05%
	O	D	0.09%	0.21%	0.09%
	ODFL	B	0.08%	0.21%	0.08%
	OKTA	D	0.02%	0.03%	0.02%
	OMC	C	0.04%	0.04%	0.04%
	ON	F	0.05%	0.14%	0.05%
	ORCL	A	0.54%	0.59%	0.54%
	ORLY	A	0.13%	0.27%	0.13%
	OTIS	D	0.07%	0.18%	0.07%
	PANW	B	0.22%	0.25%	0.22%
	PAYX	B	0.09%	0.1%	0.09%
	PCAR	B	0.11%	0.12%	0.11%
	PEP	F	0.41%	0.55%	0.41%
	PFE	F	0.27%	0.42%	0.27%
	PFG	C	0.04%	0.03%	0.03%
	PG	C	0.72%	0.86%	0.72%
	PGR	B	0.28%	0.3%	0.28%
	PHM	D	0.05%	0.16%	0.05%
	PINS	F	0.03%	0.04%	0.03%
	PKG	B	0.04%	0.16%	0.04%
	PLD	D	0.19%	0.32%	0.19%
	PNC	A	0.15%	0.16%	0.15%
	PPG	F	0.05%	0.14%	0.05%
	PRU	A	0.08%	0.07%	0.07%
	PSA	C	0.1%	0.23%	0.1%
	PYPL	A	0.15%	0.18%	0.15%
	QCOM	F	0.35%	0.47%	0.35%
	RBLX	B	0.05%	0.05%	0.05%
	REGN	F	0.16%	0.26%	0.16%
	RF	A	0.04%	0.02%	0.02%
	RJF	A	0.05%	0.07%	0.05%
	RKT	F	0.0%	0.02%	0.0%
	RMD	C	0.07%	0.21%	0.07%
	ROL	A	0.03%	0.04%	0.03%
	RPRX	F	0.02%	0.13%	0.02%
	SBAC	D	0.04%	0.17%	0.04%
	SCHW	A	0.2%	0.23%	0.2%
	SHW	B	0.16%	0.3%	0.16%
	SIRI	C	0.01%	0.01%	0.01%
	SMCI	F	0.02%	0.05%	0.02%
	SNA	A	0.03%	0.16%	0.03%
	SNOW	C	0.07%	0.08%	0.07%
	SNPS	C	0.15%	0.18%	0.15%
	SPG	A	0.1%	0.24%	0.1%
	SPGI	C	0.28%	0.33%	0.28%
	SQ	A	0.08%	0.09%	0.08%
	SSNC	D	0.03%	0.03%	0.03%
	STE	D	0.04%	0.15%	0.04%
	STT	A	0.05%	0.07%	0.05%
	SWKS	F	0.03%	0.1%	0.03%
	SYF	A	0.05%	0.06%	0.05%
	SYK	A	0.25%	0.35%	0.25%
	SYY	D	0.07%	0.18%	0.07%
	T	A	0.29%	0.32%	0.29%
	TEAM	A	0.07%	0.08%	0.07%
	TER	F	0.03%	0.09%	0.03%
	TFC	A	0.11%	0.12%	0.11%
	TGT	D	0.13%	0.2%	0.13%
	TMO	D	0.38%	0.54%	0.38%
	TMUS	A	0.21%	0.23%	0.21%
	TROW	A	0.05%	0.06%	0.05%
	TRU	D	0.04%	0.05%	0.04%
	TRV	A	0.11%	0.1%	0.1%
	TSCO	D	0.06%	0.12%	0.06%
	TSN	A	0.03%	0.0%	0.0%
	TT	A	0.17%	0.0%	0.0%
	TTD	B	0.1%	0.12%	0.1%
	TTWO	A	0.06%	0.06%	0.06%
	TXN	C	0.36%	0.5%	0.36%
	UAL	A	0.05%	0.14%	0.05%
	UBER	C	0.26%	0.4%	0.26%
	ULTA	D	0.03%	0.14%	0.03%
	UNH	B	1.02%	1.13%	1.02%
	UPS	C	0.17%	0.29%	0.17%
	USB	B	0.14%	0.14%	0.14%
	V	A	0.88%	0.99%	0.88%
	VEEV	C	0.06%	0.07%	0.06%
	VICI	C	0.06%	0.18%	0.06%
	VRSK	B	0.07%	0.08%	0.07%
	VRSN	D	0.03%	0.03%	0.03%
	VRTX	C	0.24%	0.37%	0.24%
	VTR	C	0.05%	0.18%	0.05%
	VZ	C	0.31%	0.34%	0.31%
	WAB	B	0.06%	0.12%	0.06%
	WAT	B	0.04%	0.18%	0.04%
	WBD	B	0.04%	0.04%	0.04%
	WDAY	B	0.1%	0.11%	0.1%
	WDC	F	0.04%	0.09%	0.04%
	WELL	A	0.15%	0.31%	0.15%
	WFC	A	0.44%	0.49%	0.44%
	WM	B	0.16%	0.28%	0.16%
	WRB	A	0.03%	0.03%	0.03%
	WST	C	0.04%	0.15%	0.04%
	WTW	B	0.06%	0.07%	0.06%
	WY	D	0.04%	0.16%	0.04%
	YUM	D	0.07%	0.05%	0.05%
	ZBH	C	0.04%	0.15%	0.04%
	ZBRA	B	0.04%	0.16%	0.04%
	ZM	B	0.04%	0.04%	0.04%
	ZS	B	0.03%	0.04%	0.03%
	ZTS	D	0.15%	0.27%	0.15%

IWB Overweight 677 Positions Relative to USNZ

	Symbol	Grade	Weight
	AMZN	B	3.5%
	TSLA	B	1.62%
	BRK.A	A	1.54%
	XOM	B	0.98%
	COST	B	0.76%
	WMT	A	0.67%
	CVX	A	0.49%
	LIN	D	0.4%
	IBM	D	0.36%
	PM	A	0.36%
	GE	D	0.36%
	CAT	B	0.35%
	RTX	D	0.3%
	NEE	C	0.29%
	BLK	A	0.28%
	UNP	D	0.27%
	HON	A	0.26%
	ETN	A	0.26%
	COP	C	0.24%
	TJX	A	0.24%
	BX	A	0.23%
	LMT	D	0.22%
	PLTR	A	0.21%
	SBUX	A	0.2%
	BA	F	0.19%
	SO	C	0.18%
	MO	A	0.17%
	GEV	A	0.17%
	APH	B	0.16%
	DUK	C	0.16%
	PH	A	0.16%
	ITW	B	0.15%
	GD	D	0.15%
	CEG	D	0.14%
	APP	A	0.14%
	EOG	A	0.14%
	APD	A	0.13%
	CSX	B	0.13%
	EMR	A	0.13%
	NOC	D	0.13%
	TDG	D	0.13%
	MMM	D	0.13%
	MAR	A	0.12%
	FCX	F	0.12%
	WMB	A	0.12%
	CRH	B	0.12%
	ROP	C	0.11%
	HLT	A	0.11%
	NSC	B	0.11%
	SLB	C	0.11%
	OKE	A	0.11%
	PSX	C	0.1%
	RCL	A	0.1%
	MPC	D	0.1%
	SRE	A	0.1%
	URI	B	0.1%
	ROST	D	0.09%
	LNG	A	0.09%
	PWR	A	0.09%
	D	C	0.09%
	VST	A	0.09%
	CMI	A	0.09%
	LHX	B	0.09%
	AEP	C	0.09%
	NEM	F	0.09%
	KMI	A	0.09%
	FERG	D	0.08%
	MSTR	B	0.08%
	TRGP	A	0.08%
	PEG	C	0.08%
	BKR	A	0.08%
	AXON	A	0.08%
	RSG	B	0.08%
	VLO	C	0.08%
	PCG	A	0.08%
	AME	A	0.08%
	VRT	A	0.08%
	KVUE	A	0.08%
	HWM	A	0.08%
	DELL	C	0.07%
	STZ	D	0.07%
	XEL	A	0.07%
	EXC	C	0.07%
	VMC	B	0.07%
	MNST	D	0.07%
	KR	B	0.07%
	HES	B	0.07%
	IR	A	0.07%
	WEC	A	0.06%
	ROK	A	0.06%
	ETR	A	0.06%
	DOW	F	0.06%
	OXY	F	0.06%
	ED	D	0.06%
	FANG	D	0.06%
	DD	D	0.06%
	GDDY	A	0.05%
	HUBB	B	0.05%
	HAL	C	0.05%
	TPL	A	0.05%
	VLTO	D	0.05%
	FCNCA	A	0.05%
	TYL	B	0.05%
	FTV	D	0.05%
	CVNA	A	0.05%
	LDOS	C	0.05%
	DECK	A	0.05%
	BRO	B	0.05%
	SW	A	0.05%
	CPNG	C	0.05%
	HPE	B	0.05%
	ANSS	B	0.05%
	XYL	D	0.05%
	NRG	B	0.04%
	COO	D	0.04%
	CMS	C	0.04%
	DRI	B	0.04%
	HOOD	A	0.04%
	LII	B	0.04%
	FSLR	F	0.04%
	CSL	B	0.04%
	EXE	A	0.04%
	BLDR	D	0.04%
	ES	C	0.04%
	ATO	A	0.04%
	STLD	B	0.04%
	LYB	F	0.04%
	TDY	B	0.04%
	PTC	B	0.04%
	LPLA	A	0.04%
	BAH	D	0.04%
	FE	C	0.04%
	AEE	A	0.04%
	EME	B	0.04%
	CCL	A	0.04%
	EQT	A	0.04%
	PPL	A	0.04%
	DTE	C	0.04%
	DVN	F	0.04%
	POOL	D	0.03%
	EVRG	A	0.03%
	RNR	D	0.03%
	SWK	F	0.03%
	FFIV	B	0.03%
	EWBC	A	0.03%
	COHR	B	0.03%
	CW	B	0.03%
	SAIA	B	0.03%
	UDR	C	0.03%
	RGA	A	0.03%
	AMCR	C	0.03%
	LNT	A	0.03%
	GGG	A	0.03%
	L	A	0.03%
	NDSN	B	0.03%
	JBL	C	0.03%
	ACM	B	0.03%
	NTRA	B	0.03%
	RVTY	D	0.03%
	CF	A	0.03%
	CASY	B	0.03%
	SUI	D	0.03%
	USFD	B	0.03%
	TW	B	0.03%
	VTRS	A	0.03%
	DT	C	0.03%
	THC	C	0.03%
	EQH	B	0.03%
	ENTG	F	0.03%
	MRO	A	0.03%
	TWLO	A	0.03%
	DOCU	A	0.03%
	TOL	B	0.03%
	GWRE	B	0.03%
	NI	A	0.03%
	FIX	A	0.03%
	PSTG	F	0.03%
	TXT	D	0.03%
	HEI	A	0.03%
	OC	A	0.03%
	AVY	D	0.03%
	KIM	A	0.03%
	WSM	F	0.03%
	BURL	C	0.03%
	FWONK	B	0.03%
	DG	F	0.03%
	TOST	A	0.03%
	NTNX	A	0.03%
	PNR	A	0.03%
	MANH	D	0.03%
	RPM	A	0.03%
	IEX	B	0.03%
	XPO	B	0.03%
	TRMB	A	0.03%
	UTHR	B	0.03%
	LVS	C	0.03%
	FDS	A	0.03%
	CTRA	A	0.03%
	DKNG	B	0.03%
	WSO	A	0.03%
	J	D	0.03%
	RS	B	0.03%
	PODD	A	0.03%
	CNP	A	0.03%
	MOH	F	0.03%
	VOYA	A	0.02%
	OLED	F	0.02%
	FYBR	C	0.02%
	G	A	0.02%
	CHE	D	0.02%
	CNM	F	0.02%
	EGP	D	0.02%
	AR	B	0.02%
	APG	C	0.02%
	CR	A	0.02%
	PEN	B	0.02%
	ZION	A	0.02%
	MGM	D	0.02%
	ONTO	F	0.02%
	WYNN	D	0.02%
	RIVN	F	0.02%
	GPK	D	0.02%
	RL	B	0.02%
	OGE	A	0.02%
	CZR	F	0.02%
	TTC	D	0.02%
	HSIC	D	0.02%
	BRX	A	0.02%
	MOS	D	0.02%
	MTZ	B	0.02%
	HAS	D	0.02%
	RBC	A	0.02%
	WCC	A	0.02%
	GMED	A	0.02%
	AXTA	A	0.02%
	AOS	F	0.02%
	REXR	F	0.02%
	AAL	B	0.02%
	ORI	A	0.02%
	NYT	D	0.02%
	MEDP	D	0.02%
	X	D	0.02%
	BRBR	A	0.02%
	CE	F	0.02%
	KNX	B	0.02%
	PCTY	B	0.02%
	LNW	D	0.02%
	TPX	A	0.02%
	CNH	D	0.02%
	TFX	F	0.02%
	GME	C	0.02%
	CMA	A	0.02%
	DCI	B	0.02%
	PNFP	A	0.02%
	FRT	B	0.02%
	ITCI	B	0.02%
	MORN	B	0.02%
	ROKU	D	0.02%
	EXAS	F	0.02%
	AAON	A	0.02%
	TKO	C	0.02%
	SNX	D	0.02%
	WMS	F	0.02%
	WAL	A	0.02%
	AES	F	0.02%
	GLOB	C	0.02%
	HLI	A	0.02%
	GL	B	0.02%
	MUSA	A	0.02%
	FBIN	D	0.02%
	DTM	A	0.02%
	KBR	D	0.02%
	RGLD	C	0.02%
	PR	C	0.02%
	WBS	A	0.02%
	KNSL	C	0.02%
	AFG	A	0.02%
	NLY	C	0.02%
	SOLV	C	0.02%
	WTRG	C	0.02%
	LKQ	D	0.02%
	CHDN	C	0.02%
	EHC	B	0.02%
	WING	F	0.02%
	ALLY	C	0.02%
	INGR	B	0.02%
	OHI	C	0.02%
	AYI	A	0.02%
	PRI	A	0.02%
	MKTX	C	0.02%
	ARMK	C	0.02%
	EXP	B	0.02%
	LAD	A	0.02%
	PNW	A	0.02%
	EXEL	B	0.02%
	ALSN	B	0.02%
	TAP	A	0.02%
	FND	F	0.02%
	CIEN	B	0.02%
	LBRDK	B	0.02%
	WWD	B	0.02%
	AIZ	A	0.02%
	CUBE	C	0.02%
	CTLT	C	0.02%
	CCK	D	0.02%
	AFRM	A	0.02%
	FHN	A	0.02%
	CRL	D	0.02%
	SRPT	F	0.02%
	CAVA	B	0.02%
	EVR	A	0.02%
	AA	A	0.02%
	GNRC	B	0.02%
	IPG	F	0.02%
	NWSA	B	0.02%
	LAMR	D	0.02%
	HEI	A	0.02%
	SF	A	0.02%
	CG	B	0.02%
	OWL	A	0.02%
	DKS	D	0.02%
	OVV	C	0.02%
	RRX	B	0.02%
	BWXT	A	0.02%
	ATR	B	0.02%
	NCLH	B	0.02%
	BLD	F	0.02%
	Z	A	0.02%
	ALB	C	0.02%
	PAYC	B	0.02%
	SJM	F	0.02%
	LW	C	0.02%
	LECO	C	0.02%
	KMX	B	0.02%
	TPR	A	0.02%
	DUOL	B	0.02%
	TECH	D	0.02%
	BJ	B	0.02%
	UHS	D	0.02%
	EMN	C	0.02%
	UNM	A	0.02%
	DAY	B	0.02%
	BG	D	0.02%
	TTEK	D	0.02%
	WPC	D	0.02%
	DLTR	F	0.02%
	CACI	C	0.02%
	JEF	A	0.02%
	AMH	C	0.02%
	NBIX	D	0.02%
	SCI	B	0.02%
	CHRW	A	0.02%
	ALLE	D	0.02%
	FTI	A	0.02%
	JNPR	D	0.02%
	ITT	A	0.02%
	NVT	B	0.02%
	HST	D	0.02%
	CPT	D	0.02%
	GLPI	D	0.02%
	JLL	C	0.02%
	BXP	D	0.02%
	EPAM	B	0.02%
	TXRH	A	0.02%
	ELS	B	0.02%
	JKHY	D	0.02%
	PFGC	B	0.02%
	SOFI	A	0.02%
	CLH	C	0.02%
	REG	A	0.02%
	HHH	B	0.01%
	COTY	F	0.01%
	PAG	A	0.01%
	LLYVK	A	0.01%
	SAM	B	0.01%
	MPW	F	0.01%
	VIRT	A	0.01%
	COLM	B	0.01%
	CC	C	0.01%
	NSA	C	0.01%
	TDC	F	0.01%
	MAN	F	0.01%
	PK	C	0.01%
	AMED	F	0.01%
	WU	F	0.01%
	AMKR	F	0.01%
	APLS	F	0.01%
	SMG	D	0.01%
	PENN	B	0.01%
	ECG	D	0.01%
	RNG	B	0.01%
	BHF	A	0.01%
	YETI	F	0.01%
	EPR	D	0.01%
	LBTYA	F	0.01%
	ZG	A	0.01%
	NVST	C	0.01%
	HUN	F	0.01%
	VAC	B	0.01%
	WEN	C	0.01%
	FHB	A	0.01%
	PII	F	0.01%
	NCNO	B	0.01%
	LBTYK	A	0.01%
	XRAY	F	0.01%
	PRGO	C	0.01%
	TNL	A	0.01%
	SPR	D	0.01%
	IRDM	C	0.01%
	HIW	D	0.01%
	ACHC	F	0.01%
	MDU	D	0.01%
	ZI	D	0.01%
	W	F	0.01%
	NWS	A	0.01%
	DNB	B	0.01%
	NEU	C	0.01%
	DXC	C	0.01%
	NWL	B	0.01%
	IAC	D	0.01%
	FLO	D	0.01%
	PEGA	B	0.01%
	ASH	F	0.01%
	CHH	A	0.01%
	HOG	D	0.01%
	LINE	F	0.01%
	MSM	C	0.01%
	AMTM	D	0.01%
	AN	D	0.01%
	M	C	0.01%
	OGN	F	0.01%
	KMPR	A	0.01%
	GAP	C	0.01%
	SLGN	B	0.01%
	WLK	F	0.01%
	MSGS	B	0.01%
	DLB	D	0.01%
	GTES	B	0.01%
	RARE	F	0.01%
	AGO	A	0.01%
	EEFT	C	0.01%
	RYN	D	0.01%
	FIVE	F	0.01%
	TKR	F	0.01%
	WTM	A	0.01%
	KRC	C	0.01%
	HCP	B	0.01%
	AL	A	0.01%
	CUZ	B	0.01%
	RH	C	0.01%
	OZK	A	0.01%
	UGI	C	0.01%
	APPF	C	0.01%
	BYD	A	0.01%
	ST	F	0.01%
	LOPE	B	0.01%
	ROIV	D	0.01%
	OLN	F	0.01%
	CCCS	A	0.01%
	CELH	F	0.01%
	SON	D	0.01%
	PSN	C	0.01%
	HXL	F	0.01%
	BROS	A	0.01%
	SLM	A	0.01%
	AM	A	0.01%
	SEE	B	0.01%
	AVT	C	0.01%
	NFG	A	0.01%
	CIVI	F	0.01%
	LEA	F	0.01%
	NXST	D	0.01%
	RITM	C	0.01%
	VNOM	B	0.01%
	TPG	B	0.01%
	VVV	B	0.01%
	POST	D	0.01%
	CRUS	F	0.01%
	THO	B	0.01%
	IDA	A	0.01%
	JHG	A	0.01%
	LITE	A	0.01%
	THG	A	0.01%
	INSP	F	0.01%
	AGCO	D	0.01%
	FNB	A	0.01%
	PATH	D	0.01%
	BC	D	0.01%
	WHR	A	0.01%
	STWD	D	0.01%
	AMG	A	0.01%
	PVH	C	0.01%
	BEN	C	0.01%
	U	F	0.01%
	CLF	F	0.01%
	IONS	F	0.01%
	CROX	F	0.01%
	LNC	A	0.01%
	LFUS	D	0.01%
	ETSY	D	0.01%
	VNT	C	0.01%
	OLLI	D	0.01%
	LYFT	B	0.01%
	MTG	C	0.01%
	COLB	A	0.01%
	WFRD	F	0.01%
	BRKR	F	0.01%
	KD	A	0.01%
	ELF	C	0.01%
	LAZ	B	0.01%
	OMF	A	0.01%
	CFLT	C	0.01%
	ARW	D	0.01%
	DAR	B	0.01%
	PARA	C	0.01%
	ESI	B	0.01%
	FOUR	B	0.01%
	AXS	A	0.01%
	ALK	A	0.01%
	COLD	F	0.01%
	WBA	F	0.01%
	NOV	D	0.01%
	AZPN	A	0.01%
	DBX	C	0.01%
	FAF	C	0.01%
	BPOP	C	0.01%
	MSA	D	0.01%
	AWI	A	0.01%
	BFAM	F	0.01%
	MAT	C	0.01%
	IVZ	B	0.01%
	MTDR	C	0.01%
	VMI	B	0.01%
	HR	C	0.01%
	DINO	D	0.01%
	UHAL	D	0.01%
	QRVO	F	0.01%
	AZEK	B	0.01%
	BSY	D	0.01%
	MTN	C	0.01%
	LSTR	D	0.01%
	BBWI	C	0.01%
	H	B	0.01%
	ELAN	C	0.01%
	SN	C	0.01%
	R	A	0.01%
	SITE	D	0.01%
	STAG	D	0.01%
	GXO	B	0.01%
	MASI	A	0.01%
	GNTX	C	0.01%
	ESTC	C	0.01%
	FR	D	0.01%
	BIO	C	0.01%
	LPX	A	0.01%
	AGNC	C	0.01%
	GTLB	B	0.01%
	DOCS	C	0.01%
	ATI	D	0.01%
	VKTX	F	0.01%
	FCN	F	0.01%
	OSK	C	0.01%
	RLI	A	0.01%
	WH	A	0.01%
	FRPT	B	0.01%
	PB	A	0.01%
	WSC	F	0.01%
	RYAN	A	0.01%
	CGNX	D	0.01%
	FMC	F	0.01%
	VFC	B	0.01%
	PCOR	B	0.01%
	MIDD	D	0.01%
	ESAB	B	0.01%
	LSCC	D	0.01%
	KEX	A	0.01%
	COKE	C	0.01%
	ADC	A	0.01%
	DVA	C	0.01%
	SMAR	A	0.01%
	S	B	0.01%
	MHK	D	0.01%
	MTSI	B	0.01%
	MKSI	D	0.01%
	JAZZ	A	0.01%
	RRC	B	0.01%
	WEX	F	0.01%
	RHI	B	0.01%
	BERY	D	0.01%
	HII	F	0.01%
	MTCH	F	0.01%
	BWA	A	0.01%
	SAIC	D	0.01%
	BILL	A	0.01%
	RGEN	D	0.01%
	NNN	D	0.01%
	FLS	A	0.01%
	APA	F	0.01%
	TREX	C	0.01%
	ACI	C	0.01%
	SSD	D	0.01%
	SKX	D	0.01%
	SNV	A	0.01%
	VNO	B	0.01%
	CFR	A	0.01%
	SEIC	A	0.01%
	CHRD	F	0.01%
	WTFC	A	0.01%
	CART	C	0.01%
	HRB	D	0.01%
	PLNT	A	0.01%
	CBSH	A	0.01%
	PLTK	A	0.0%
	SEG	B	0.0%
	PARAA	B	0.0%
	GRAL	C	0.0%
	SEB	F	0.0%
	NFE	F	0.0%
	UWMC	F	0.0%
	UHAL	D	0.0%
	TFSL	A	0.0%
	CWEN	D	0.0%
	LOAR	B	0.0%
	AS	B	0.0%
	LLYVA	A	0.0%
	PYCR	C	0.0%
	CNA	C	0.0%
	WOLF	F	0.0%
	DDS	B	0.0%
	CERT	F	0.0%
	UI	A	0.0%
	REYN	D	0.0%
	SNDR	B	0.0%
	INFA	F	0.0%
	LBRDA	B	0.0%
	TRIP	D	0.0%
	GO	C	0.0%
	CAR	C	0.0%
	LEG	F	0.0%
	TXG	F	0.0%
	UA	B	0.0%
	QS	F	0.0%
	BIRK	F	0.0%
	DJT	C	0.0%
	CRI	D	0.0%
	CLVT	F	0.0%
	CNXC	F	0.0%
	FWONA	B	0.0%
	UAA	B	0.0%
	KSS	F	0.0%
	VSTS	F	0.0%
	PPC	B	0.0%
	FTRE	D	0.0%
	RCM	A	0.0%
	ALAB	B	0.0%
	LCID	F	0.0%
	HAYW	A	0.0%
	AAP	D	0.0%
	CWEN	D	0.0%
	QDEL	F	0.0%
	CPRI	F	0.0%
	PINC	B	0.0%
	ADT	B	0.0%
	SHC	D	0.0%
	AZTA	F	0.0%
	SPB	C	0.0%
	JWN	A	0.0%
	IPGP	D	0.0%
	AGR	A	0.0%
	ENOV	C	0.0%
	MP	B	0.0%
	BOKF	A	0.0%
	FIVN	C	0.0%
	DV	C	0.0%
	ALGM	F	0.0%
	CXT	D	0.0%
	CACC	D	0.0%

IWB Underweight 9 Positions Relative to USNZ

	Symbol	Grade	Weight
	MELI	D	-0.28%
	USCA	B	-0.18%
	SCCO	F	-0.12%
	STX	D	-0.12%
	SPOT	A	-0.12%
	ARM	F	-0.1%
	SNAP	D	-0.03%
	PABU	B	-0.01%
	WMG	B	-0.01%

IWB: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Biotechnology Software - Infrastructure Business Services Diagnostics & Research Semiconductors Utilities - Regulated Electric Asset Management Oil & Gas E&P Specialty Retail Capital Markets Aerospace & Defense Information Technology Services Insurance - Property & Casualty Packaged Foods Specialty Chemicals Packaging & Containers Building Materials

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electronics Real Estate Investment Trust Bank Banking Aerospace Chemical Electricity Telecommunications Medicine Mining Semiconductor Dow Jones Component Insurance Products Cloud Computing Biotechnology

USNZ: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Business Services Diagnostics & Research Banks - Regional - US Drug Manufacturers - Major Asset Management Capital Markets Software - Infrastructure Specialty Retail Biotechnology Credit Services Insurance - Property & Casualty Internet Content & Information Medical Devices Medical Instruments & Supplies Packaged Foods Health Care Plans Household & Personal Products Telecom Services

Keywords: S&P 500 Nasdaq 100 Computing Insurance Dow Jones Component Medicine Bank Banking Semiconductor Telecommunications Cloud Computing Insurance Products Investment Bank Mobile Devices Real Estate Investment Trust Integrated Circuits Work From Home Disability Biotechnology Cash Management