IWC vs. IBB ETF Comparison

Comparison of iShares Microcap ETF (IWC) to iShares Nasdaq Biotechnology Index Fund (IBB)

IWC

iShares Microcap ETF

IWC Description

The investment seeks to track the investment results of an index composed of micro-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 Microcap Index (the "underlying index"), which measures the performance of the microcap sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$112.90

Average Daily Volume

32,154

Number of Holdings ^*

1468

* may have additional holdings in another (foreign) market

IBB

iShares Nasdaq Biotechnology Index Fund

IBB Description

The investment seeks to track the investment results of an index composed of biotechnology and pharmaceutical equities listed on the NASDAQ. 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. The underlying index contains securities of NASDAQÂ® listed companies that are classified according to the Industry Classification Benchmark as either biotechnology or pharmaceuticals and that also meet other eligibility criteria determined by The NASDAQ OMX Group, Inc. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$128.02

Average Daily Volume

1,730,311

Number of Holdings ^*

214

* may have additional holdings in another (foreign) market

Performance

Period	IWC	IBB
30 Days	-4.44%	-6.04%
60 Days	-1.75%	-7.36%
90 Days	1.01%	-5.03%
12 Months	10.15%	-3.57%

79 Overlapping Holdings

Symbol	Grade	Weight in IWC	Weight in IBB	Overlap
ABUS	B	0.09%	0.04%	0.04%
ACRS	F	0.02%	0.01%	0.01%
ADMA	A	0.32%	0.14%	0.14%
ALEC	F	0.11%	0.04%	0.04%
ALPN	A	0.63%	0.31%	0.31%
ALXO	A	0.09%	0.04%	0.04%
ANAB	F	0.11%	0.05%	0.05%
ARCT	F	0.18%	0.08%	0.08%
AVIR	D	0.07%	0.03%	0.03%
AVXL	F	0.08%	0.04%	0.04%
BLUE	F	0.05%	0.02%	0.02%
BMEA	F	0.07%	0.04%	0.04%
CABA	F	0.15%	0.06%	0.06%
CDNA	F	0.11%	0.04%	0.04%
CGEM	D	0.11%	0.05%	0.05%
CHRS	F	0.06%	0.02%	0.02%
COGT	D	0.14%	0.06%	0.06%
CRBU	F	0.09%	0.03%	0.03%
CRNX	B	0.75%	0.33%	0.33%
CSTL	C	0.13%	0.05%	0.05%
DAWN	B	0.22%	0.09%	0.09%
DCPH	D	0.2%	0.08%	0.08%
DYN	C	0.39%	0.13%	0.13%
ELVN	B	0.12%	0.04%	0.04%
ERAS	F	0.04%	0.02%	0.02%
ETNB	F	0.2%	0.08%	0.08%
EWTX	D	0.24%	0.11%	0.11%
FDMT	D	0.27%	0.12%	0.12%
FULC	D	0.11%	0.05%	0.05%
HUMA	B	0.04%	0.03%	0.03%
IDYA	D	0.7%	0.28%	0.28%
INBX	D	0.31%	0.13%	0.13%
IRON	F	0.08%	0.04%	0.04%
ITOS	F	0.07%	0.03%	0.03%
JANX	A	0.23%	0.17%	0.17%
KALV	D	0.09%	0.03%	0.03%
KNSA	C	0.14%	0.07%	0.07%
LYEL	B	0.13%	0.03%	0.03%
MGNX	D	0.27%	0.1%	0.1%
MGTX	F	0.05%	0.03%	0.03%
MIRM	F	0.15%	0.09%	0.09%
MLYS	D	0.06%	0.02%	0.02%
MNKD	C	0.28%	0.11%	0.11%
MRNS	F	0.1%	0.01%	0.01%
MXCT	F	0.09%	0.04%	0.04%
NAUT	D	0.03%	0.01%	0.01%
NRIX	B	0.2%	0.07%	0.07%
NUVB	B	0.11%	0.04%	0.04%
OLMA	F	0.07%	0.06%	0.06%
ORIC	F	0.1%	0.04%	0.04%
OVID	D	0.05%	0.02%	0.02%
PGEN	C	0.05%	0.02%	0.02%
PHAT	D	0.08%	0.03%	0.03%
QTRX	F	0.17%	0.06%	0.06%
RAPT	F	0.07%	0.03%	0.03%
REPL	F	0.09%	0.03%	0.03%
RNA	A	0.45%	0.18%	0.18%
RNAC	D	0.02%	0.0%	0.0%
RNAC	D	0.0%	0.0%	0.0%
RPHM	D	0.01%	0.0%	0.0%
RYTM	C	0.55%	0.21%	0.21%
SMMT	C	0.11%	0.03%	0.03%
SPRY	B	0.06%	0.04%	0.04%
SRRK	C	0.2%	0.08%	0.08%
SVRA	D	0.12%	0.04%	0.04%
TARS	B	0.27%	0.09%	0.09%
TBPH	B	0.12%	0.05%	0.05%
TERN	F	0.06%	0.02%	0.02%
THRD	B	0.06%	0.02%	0.02%
TNGX	D	0.08%	0.04%	0.04%
TRML	F	0.09%	0.03%	0.03%
URGN	D	0.11%	0.04%	0.04%
VERA	D	0.49%	0.16%	0.16%
VERV	F	0.13%	0.04%	0.04%
VNDA	A	0.06%	0.02%	0.02%
VYGR	F	0.08%	0.04%	0.04%
WVE	D	0.11%	0.05%	0.05%
YMAB	C	0.13%	0.05%	0.05%
ZYME	F	0.13%	0.06%	0.06%

IWC Overweight 1389 Positions Relative to IBB

Symbol	Grade	Weight
MOD	A	1.2%
STRL	C	0.8%
CLSK	B	0.73%
UEC	B	0.71%
GEO	B	0.47%
PLAB	C	0.43%
HLX	A	0.42%
UFPT	B	0.41%
RXST	A	0.4%
HWKN	A	0.38%
DO	A	0.36%
ACMR	B	0.35%
VTLE	A	0.34%
LPG	A	0.34%
NSSC	B	0.33%
MEG	B	0.32%
LMAT	C	0.32%
CAL	B	0.31%
WNC	D	0.31%
COLL	C	0.3%
POWL	C	0.3%
AVPT	B	0.3%
CMCO	C	0.3%
NX	D	0.3%
NTST	B	0.3%
ICHR	D	0.29%
PRDO	B	0.28%
DGII	A	0.28%
STEL	B	0.28%
KOP	B	0.28%
NWLI	A	0.28%
SKWD	A	0.27%
OSW	D	0.27%
SCSC	A	0.26%
IESC	A	0.26%
SGH	F	0.26%
ARLO	C	0.26%
SP	C	0.26%
NIC	B	0.26%
VSEC	A	0.26%
FBRT	B	0.26%
THR	A	0.26%
PLYM	D	0.25%
CRAI	A	0.25%
PEBO	B	0.25%
WINA	C	0.25%
ANIP	A	0.25%
UUUU	F	0.25%
BXC	D	0.25%
BLBD	A	0.25%
OCUL	D	0.24%
QCRH	B	0.24%
UMH	B	0.24%
COCO	F	0.24%
INDI	F	0.24%
TILE	B	0.23%
ARR	C	0.23%
TRNS	A	0.23%
GABC	B	0.23%
QNST	A	0.23%
MTUS	B	0.23%
ATEN	B	0.23%
PFBC	A	0.22%
GNK	A	0.22%
BASE	D	0.22%
REX	A	0.22%
SXC	D	0.22%
ASPN	B	0.21%
OBK	D	0.21%
HIBB	A	0.21%
BZH	D	0.21%
EYPT	D	0.21%
EFC	C	0.21%
SBOW	D	0.2%
UTL	B	0.2%
BBSI	A	0.2%
VITL	A	0.2%
LAB	B	0.2%
VRDN	F	0.2%
MYE	A	0.2%
NAT	F	0.2%
HCI	A	0.2%
AORT	A	0.2%
BLX	A	0.2%
KELYA	B	0.19%
DCO	A	0.19%
WTTR	A	0.19%
BJRI	D	0.19%
SLP	A	0.19%
VVI	C	0.19%
EGY	B	0.19%
BFC	D	0.19%
MDXG	D	0.19%
AGX	A	0.19%
AMRK	B	0.19%
SWBI	A	0.19%
HAYN	A	0.19%
HOV	B	0.18%
THRY	A	0.18%
GDEN	D	0.18%
LQDA	D	0.18%
PRAX	D	0.18%
REVG	B	0.18%
EU	A	0.18%
DXPE	B	0.18%
ASIX	D	0.18%
FBMS	C	0.18%
ETD	A	0.18%
LBAI	B	0.18%
NVRI	B	0.17%
CDRE	D	0.17%
CNOB	B	0.17%
FMBH	B	0.17%
AMBC	C	0.17%
ASC	B	0.17%
CLW	A	0.17%
HA	D	0.17%
DX	C	0.17%
IE	C	0.17%
ZEUS	A	0.17%
CECO	A	0.17%
FIP	A	0.17%
IMXI	A	0.17%
FOR	D	0.17%
HY	C	0.17%
PFC	B	0.17%
TWI	D	0.16%
GDYN	F	0.16%
BELFB	B	0.16%
ACHR	D	0.16%
CASS	D	0.16%
CTBI	A	0.16%
BRY	A	0.16%
PWP	A	0.16%
MITK	B	0.16%
SPTN	D	0.16%
DCOM	C	0.16%
IIIN	C	0.16%
KRUS	A	0.16%
HCKT	D	0.15%
CFB	C	0.15%
PNTG	A	0.15%
TTI	B	0.15%
OSBC	A	0.15%
BLFS	C	0.15%
TPC	A	0.15%
CCRN	D	0.15%
CBL	C	0.15%
SCVL	A	0.15%
SIBN	F	0.15%
HZO	D	0.15%
UTI	D	0.15%
USLM	A	0.15%
VTOL	D	0.15%
DHC	F	0.15%
HSTM	B	0.15%
SOUN	D	0.15%
YEXT	F	0.15%
MBIN	C	0.15%
HSII	C	0.15%
ATXS	D	0.14%
ROOT	B	0.14%
CHUY	F	0.14%
UVSP	B	0.14%
WRLD	A	0.14%
AMTB	B	0.14%
NR	B	0.14%
FCBC	B	0.14%
MLR	A	0.14%
STKL	B	0.14%
IDT	C	0.14%
MBWM	B	0.14%
CCO	D	0.14%
ACCD	D	0.14%
CDLX	B	0.13%
KE	D	0.13%
PLOW	F	0.13%
MSBI	B	0.13%
KIDS	B	0.13%
PKST	F	0.13%
HBNC	B	0.13%
AOSL	F	0.13%
BY	B	0.13%
EOLS	D	0.13%
FWRG	C	0.13%
GMRE	D	0.13%
ML	B	0.13%
IIIV	A	0.13%
GLDD	F	0.13%
LASR	F	0.13%
GOOD	A	0.13%
WSR	C	0.13%
LEU	B	0.13%
UVE	A	0.12%
UFCS	B	0.12%
SMRT	F	0.12%
MAX	D	0.12%
TPB	A	0.12%
EVLV	D	0.12%
NNOX	D	0.12%
SD	A	0.12%
ACCO	F	0.12%
IBCP	B	0.12%
BV	A	0.12%
NRDS	C	0.12%
CATC	C	0.12%
DJCO	B	0.12%
OFIX	F	0.12%
OABI	F	0.12%
ATRO	D	0.12%
EQBK	A	0.12%
CLDT	D	0.12%
HTBK	C	0.12%
FPI	D	0.12%
MTW	F	0.12%
LBPH	B	0.12%
LWLG	F	0.12%
TITN	F	0.12%
CPF	A	0.12%
NEXT	A	0.12%
YORW	C	0.12%
TRST	B	0.12%
BFST	B	0.12%
NVTS	F	0.12%
CEVA	F	0.12%
EBF	D	0.12%
CCB	B	0.11%
IVR	C	0.11%
RBCAA	B	0.11%
THFF	B	0.11%
CAC	D	0.11%
MRSN	D	0.11%
CVGW	C	0.11%
SRI	F	0.11%
CDMO	F	0.11%
MCBS	B	0.11%
WASH	C	0.11%
NTGR	C	0.11%
ARIS	A	0.11%
ALT	D	0.11%
UHT	D	0.11%
ORC	B	0.11%
DENN	F	0.11%
EVER	B	0.11%
HAFC	C	0.11%
LAND	F	0.11%
FMNB	C	0.11%
XPER	F	0.11%
CRGX	F	0.11%
RICK	F	0.11%
HVT	B	0.11%
TK	C	0.11%
HDSN	D	0.11%
PETQ	D	0.11%
IMNM	D	0.11%
GSBC	B	0.11%
FC	B	0.11%
RDUS	F	0.11%
RGP	F	0.1%
CVLG	F	0.1%
MNMD	B	0.1%
TIPT	D	0.1%
SMBC	D	0.1%
HONE	C	0.1%
AAOI	F	0.1%
HROW	D	0.1%
MOV	D	0.1%
AMAL	C	0.1%
SHYF	F	0.1%
CLFD	D	0.1%
AVNW	D	0.1%
HLVX	F	0.1%
PGC	C	0.1%
OSUR	D	0.1%
WEAV	D	0.1%
CCNE	D	0.1%
FRPH	B	0.1%
NVEC	D	0.1%
TREE	C	0.1%
OSPN	D	0.1%
ANNX	D	0.1%
PWFL	A	0.1%
SIGA	A	0.1%
BAND	A	0.1%
ALNT	F	0.1%
LYTS	C	0.1%
NPK	A	0.1%
VPG	F	0.1%
FUBO	F	0.1%
ZIMV	C	0.1%
LQDT	F	0.1%
ATEX	F	0.1%
DHIL	C	0.1%
NN	A	0.1%
BWMN	D	0.09%
CCCC	D	0.09%
LMNR	A	0.09%
BHRB	C	0.09%
ODC	C	0.09%
BOOM	F	0.09%
AGS	D	0.09%
CCBG	D	0.09%
TCMD	D	0.09%
NBN	B	0.09%
OSG	B	0.09%
GCI	A	0.09%
ABSI	B	0.09%
STTK	B	0.09%
FFWM	D	0.09%
STOK	B	0.09%
HTBI	C	0.09%
MCB	B	0.09%
OLP	A	0.09%
BHB	C	0.09%
ALRS	C	0.09%
BBW	A	0.09%
DAKT	A	0.09%
AMSC	C	0.09%
CTLP	F	0.09%
LMB	C	0.09%
AMSWA	F	0.09%
ACRE	D	0.09%
ADV	A	0.09%
ANIK	A	0.09%
CWCO	D	0.09%
CTO	A	0.09%
SRDX	D	0.09%
FARO	D	0.09%
UIS	D	0.09%
MCFT	F	0.09%
OIS	F	0.09%
BOC	F	0.09%
RYAM	B	0.08%
GCO	D	0.08%
AXGN	F	0.08%
GHM	A	0.08%
ONEW	F	0.08%
IRMD	D	0.08%
HRTX	A	0.08%
PLPC	F	0.08%
KIND	B	0.08%
MVIS	F	0.08%
FFIC	C	0.08%
SMBK	D	0.08%
GNE	D	0.08%
AVD	F	0.08%
SHBI	D	0.08%
CERS	F	0.08%
REAL	A	0.08%
ARTNA	F	0.08%
GLRE	A	0.08%
WULF	A	0.08%
TRC	B	0.08%
SMHI	A	0.08%
MCS	D	0.08%
SB	A	0.08%
MTRX	D	0.08%
NWPX	B	0.08%
CNSL	D	0.08%
AEHR	F	0.08%
AROW	C	0.08%
ESQ	D	0.08%
CSV	D	0.08%
CRMD	B	0.08%
PACK	A	0.08%
TBI	D	0.08%
NFBK	D	0.08%
CRMT	F	0.08%
TAST	A	0.08%
DMRC	F	0.08%
DSGR	A	0.08%
WLDN	A	0.08%
CELC	B	0.08%
ORRF	C	0.07%
FMAO	B	0.07%
INBK	B	0.07%
AMPY	A	0.07%
FISI	D	0.07%
WTBA	D	0.07%
WTI	F	0.07%
REPX	B	0.07%
NKTX	D	0.07%
HEAR	B	0.07%
FBIZ	C	0.07%
CARE	D	0.07%
NEWT	D	0.07%
AMPS	F	0.07%
TRUE	C	0.07%
AURA	F	0.07%
PAHC	A	0.07%
FSBC	D	0.07%
LXFR	C	0.07%
LIND	F	0.07%
PBPB	C	0.07%
ACNB	D	0.07%
NGS	A	0.07%
FSTR	B	0.07%
SENEA	A	0.07%
KODK	A	0.07%
SNBR	D	0.07%
CLMB	A	0.07%
PSTL	C	0.07%
LOVE	D	0.07%
CWBC	A	0.07%
RBB	B	0.07%
MBI	C	0.07%
SPOK	C	0.07%
PKE	D	0.07%
MPB	C	0.07%
VMD	C	0.07%
SPFI	C	0.07%
TRDA	D	0.07%
LFMD	A	0.07%
PRCH	D	0.07%
EGHT	F	0.07%
ALTG	D	0.07%
SMMF	B	0.07%
AVTE	D	0.07%
LUNG	F	0.07%
ATNI	D	0.07%
CPS	B	0.07%
MOFG	D	0.07%
HNST	D	0.06%
BCML	B	0.06%
ARAY	F	0.06%
ZYXI	D	0.06%
FNLC	D	0.06%
GTHX	B	0.06%
PPTA	A	0.06%
CIVB	C	0.06%
POWW	A	0.06%
LEGH	D	0.06%
FRGE	F	0.06%
XBIT	B	0.06%
CRDF	B	0.06%
FLIC	C	0.06%
ULH	B	0.06%
HLLY	F	0.06%
SHCR	F	0.06%
GLUE	D	0.06%
IMMR	D	0.06%
MYPS	D	0.06%
GPMT	D	0.06%
IHRT	F	0.06%
MVBF	D	0.06%
EBTC	D	0.06%
SERA	A	0.06%
GRNT	B	0.06%
FORR	F	0.06%
FLWS	C	0.06%
BLDE	B	0.06%
OMER	F	0.06%
PLL	F	0.06%
APLD	F	0.06%
ORN	B	0.06%
SLQT	D	0.06%
GNTY	D	0.06%
ASLE	F	0.06%
BWB	B	0.06%
IAUX	F	0.06%
JOUT	F	0.06%
OBT	D	0.06%
HIPO	A	0.06%
ZUMZ	C	0.06%
LSEA	D	0.06%
UTMD	F	0.06%
CTV	A	0.06%
HMST	C	0.06%
BSRR	B	0.06%
PANL	D	0.06%
LINC	C	0.06%
BMRC	D	0.06%
HIFS	B	0.06%
RBBN	F	0.06%
HSHP	D	0.06%
LOCO	F	0.06%
ANGO	C	0.06%
INZY	F	0.06%
HBT	D	0.06%
JSPR	B	0.06%
TCBX	B	0.06%
RCEL	F	0.06%
NATR	A	0.06%
NRIM	C	0.06%
HBCP	C	0.06%
HRTG	A	0.06%
ATNM	B	0.06%
SLDP	B	0.06%
STRO	F	0.06%
SOI	B	0.06%
BYRN	B	0.06%
DAVE	A	0.06%
TSVT	F	0.06%
ILPT	C	0.06%
DCGO	F	0.06%
REFI	B	0.06%
MCBC	A	0.06%
REI	B	0.06%
FRBA	F	0.06%
VLGEA	B	0.06%
OUST	A	0.06%
CZNC	D	0.06%
XERS	F	0.06%
PFIS	D	0.06%
FLXS	A	0.05%
SMID	D	0.05%
TWIN	B	0.05%
LRMR	D	0.05%
SSBK	D	0.05%
OOMA	F	0.05%
LAW	B	0.05%
GENC	B	0.05%
EPM	F	0.05%
SKYT	D	0.05%
TCX	F	0.05%
BBCP	F	0.05%
CLAR	F	0.05%
APLT	D	0.05%
PSTX	F	0.05%
TSBK	D	0.05%
LXRX	F	0.05%
GCBC	B	0.05%
SES	F	0.05%
PBYI	D	0.05%
NATH	F	0.05%
BLFY	D	0.05%
RLGT	F	0.05%
LE	A	0.05%
RCKY	C	0.05%
CBNK	D	0.05%
BTBT	F	0.05%
DXLG	D	0.05%
UNTY	B	0.05%
FET	B	0.05%
AFCG	B	0.05%
CTRN	F	0.05%
KRT	D	0.05%
MG	A	0.05%
TLS	D	0.05%
ITIC	A	0.05%
PINE	C	0.05%
XOMA	A	0.05%
PLBC	B	0.05%
FENC	D	0.05%
TRAK	B	0.05%
MHLD	A	0.05%
ESPR	D	0.05%
ACTG	A	0.05%
SGC	A	0.05%
BLZE	D	0.05%
CVRX	F	0.05%
HOFT	F	0.05%
JMSB	D	0.05%
APEI	A	0.05%
NECB	C	0.05%
ALCO	B	0.05%
TTSH	D	0.05%
CVLY	C	0.05%
VERU	B	0.05%
ALDX	C	0.05%
RM	A	0.05%
HBB	A	0.05%
PCYO	F	0.05%
ITI	F	0.05%
TCRX	A	0.05%
WSBF	D	0.05%
SFST	D	0.05%
CDXS	D	0.05%
ONTF	F	0.05%
BRT	A	0.05%
ORGO	D	0.05%
FSP	D	0.05%
GRPN	D	0.05%
TNYA	D	0.05%
CDXC	B	0.05%
CVGI	F	0.05%
USAP	A	0.05%
RIGL	F	0.05%
NXDT	B	0.05%
DGICA	D	0.05%
SFIX	F	0.05%
INSE	F	0.05%
RDVT	F	0.05%
TYRA	C	0.05%
FSBW	F	0.05%
FNKO	F	0.05%
FDBC	D	0.05%
HYLN	D	0.05%
ACIC	C	0.05%
IPI	F	0.05%
FRST	C	0.05%
RRBI	D	0.05%
PKOH	D	0.05%
AAN	F	0.05%
ADTH	B	0.05%
SAMG	D	0.04%
FUNC	A	0.04%
CAPR	C	0.04%
KPTI	F	0.04%
BCAB	F	0.04%
BH	A	0.04%
AXTI	D	0.04%
BLNK	F	0.04%
GRWG	D	0.04%
GWRS	C	0.04%
EVBN	F	0.04%
BWFG	D	0.04%
CTMX	D	0.04%
SACH	F	0.04%
WLFC	B	0.04%
LLAP	B	0.04%
CRD.B	F	0.04%
INTT	F	0.04%
PAYS	A	0.04%
SCPH	F	0.04%
KOD	F	0.04%
EVI	F	0.04%
VEL	B	0.04%
NPCE	C	0.04%
TGAN	C	0.04%
FFNW	C	0.04%
TSQ	A	0.04%
VRCA	B	0.04%
ISTR	B	0.04%
ABOS	F	0.04%
BCBP	F	0.04%
INFU	F	0.04%
BARK	D	0.04%
CMPX	F	0.04%
QUAD	D	0.04%
BVS	D	0.04%
SSTI	F	0.04%
BPRN	D	0.04%
MLP	C	0.04%
FF	B	0.04%
GEVO	F	0.04%
MFIN	C	0.04%
MRAM	F	0.04%
RMNI	F	0.04%
MEC	A	0.04%
PESI	A	0.04%
OCN	D	0.04%
FHTX	F	0.04%
ALTO	F	0.04%
NGVC	D	0.04%
AGEN	F	0.04%
VIRC	B	0.04%
OVLY	C	0.04%
MACK	A	0.04%
QRHC	A	0.04%
STXS	D	0.04%
RSVR	A	0.04%
QIPT	D	0.04%
PDLB	D	0.04%
LFCR	D	0.04%
COFS	C	0.04%
BKSY	F	0.04%
STHO	D	0.04%
LNKB	D	0.04%
FREE	A	0.04%
CRBP	B	0.04%
MITT	C	0.04%
RGCO	B	0.04%
AQST	A	0.04%
CIFR	A	0.04%
BHR	A	0.04%
KOPN	F	0.04%
SEVN	A	0.04%
FVCB	D	0.04%
OB	B	0.04%
RMBL	F	0.04%
INOD	F	0.04%
CTGO	B	0.04%
PCB	D	0.04%
LCNB	A	0.04%
GBIO	B	0.04%
NKSH	C	0.04%
GEOS	D	0.04%
XFOR	B	0.04%
JAKK	D	0.04%
VRA	D	0.04%
AVBP	F	0.04%
ARQ	B	0.04%
PKBK	D	0.04%
ELEV	B	0.04%
FLL	A	0.04%
ATLO	B	0.04%
ASUR	F	0.04%
PFMT	C	0.04%
CALB	D	0.04%
OPRX	F	0.04%
EML	A	0.04%
BDTX	B	0.04%
TG	A	0.04%
JYNT	A	0.04%
WEYS	D	0.04%
RNGR	D	0.04%
NWFL	D	0.04%
LCTX	D	0.04%
INGN	D	0.04%
NNBR	C	0.04%
QSI	F	0.04%
NRDY	F	0.04%
HBIO	F	0.04%
MBCN	D	0.04%
CBAN	D	0.04%
CZFS	F	0.04%
PYXS	D	0.04%
CIO	B	0.04%
ZVRA	F	0.04%
ONL	F	0.04%
DC	C	0.04%
CMCL	D	0.04%
QUIK	D	0.04%
OPI	F	0.03%
AEYE	A	0.03%
KVHI	D	0.03%
LIFE	F	0.03%
BVFL	D	0.03%
PXLW	D	0.03%
SLDB	D	0.03%
OVBC	D	0.03%
WMPN	D	0.03%
ACR	A	0.03%
LTRX	F	0.03%
SNDA	A	0.03%
LYRA	D	0.03%
BSVN	A	0.03%
UBFO	B	0.03%
SBT	D	0.03%
CTXR	F	0.03%
RCMT	F	0.03%
HNRG	F	0.03%
ECBK	D	0.03%
AOUT	F	0.03%
FRAF	A	0.03%
OPBK	D	0.03%
PBFS	F	0.03%
CZWI	D	0.03%
EBS	F	0.03%
NREF	D	0.03%
MOND	F	0.03%
FONR	F	0.03%
RXT	D	0.03%
MYFW	B	0.03%
SEER	D	0.03%
EARN	A	0.03%
USCB	F	0.03%
TPIC	F	0.03%
WHG	B	0.03%
NTIC	A	0.03%
UNB	C	0.03%
SGMT	F	0.03%
RMBI	B	0.03%
BFIN	D	0.03%
ALTI	D	0.03%
EPSN	A	0.03%
CMPO	B	0.03%
ELMD	B	0.03%
BSET	F	0.03%
ALOT	C	0.03%
KLTR	D	0.03%
MVST	F	0.03%
ACET	D	0.03%
TAYD	A	0.03%
WISH	B	0.03%
PLSE	F	0.03%
NRGV	F	0.03%
DOUG	F	0.03%
STKS	A	0.03%
RELL	B	0.03%
AVAH	D	0.03%
STIM	B	0.03%
MDV	D	0.03%
INVE	D	0.03%
MPAA	F	0.03%
NC	F	0.03%
PHX	A	0.03%
JILL	C	0.03%
NODK	A	0.03%
LCUT	B	0.03%
HURC	F	0.03%
ACRV	B	0.03%
CSTE	A	0.03%
LVO	C	0.03%
LAKE	D	0.03%
CSPI	C	0.03%
MNSB	F	0.03%
DSGN	B	0.03%
RLMD	D	0.03%
VABK	F	0.03%
FCCO	D	0.03%
INMB	C	0.03%
IGMS	F	0.03%
WNEB	F	0.03%
TDUP	F	0.03%
UEIC	B	0.03%
TRVI	C	0.03%
BFLY	F	0.03%
FNGR	B	0.03%
SPWH	D	0.03%
EVC	F	0.03%
AIP	D	0.03%
IMUX	F	0.03%
REKR	F	0.03%
CFFI	F	0.03%
LXEO	F	0.03%
TBRG	F	0.03%
STRS	B	0.03%
EGAN	C	0.03%
SGHT	B	0.03%
SMTI	F	0.03%
ATLC	F	0.03%
SMLR	D	0.03%
IBEX	F	0.03%
HFFG	F	0.03%
PWOD	F	0.03%
ESCA	D	0.03%
PEPG	D	0.03%
PEBK	A	0.03%
ABEO	F	0.03%
VERI	B	0.03%
GLYC	F	0.03%
CADL	B	0.03%
FRD	A	0.03%
VTSI	B	0.03%
RMAX	F	0.03%
SYRS	D	0.03%
DIBS	C	0.03%
III	F	0.03%
GAMB	D	0.03%
TLYS	D	0.03%
AOMR	B	0.03%
CMT	B	0.03%
PVBC	D	0.03%
HWBK	F	0.03%
EOSE	F	0.03%
MASS	F	0.03%
SWIM	B	0.03%
CLPT	F	0.03%
DSP	C	0.03%
NOTV	D	0.03%
AMTX	F	0.03%
ESSA	F	0.03%
ATOM	F	0.03%
CHMG	B	0.03%
IVVD	F	0.03%
EHTH	F	0.03%
CXDO	D	0.02%
GWH	F	0.02%
KZR	F	0.02%
BIRD	F	0.02%
BW	F	0.02%
APT	B	0.02%
GAN	F	0.02%
BTAI	D	0.02%
CUE	F	0.02%
MGYR	D	0.02%
DLTH	F	0.02%
FGBI	D	0.02%
RENB	F	0.02%
LNZA	F	0.02%
SND	A	0.02%
SKYX	F	0.02%
OMGA	F	0.02%
OPRT	D	0.02%
CMTL	F	0.02%
IDN	B	0.02%
MCRB	F	0.02%
NL	B	0.02%
SWKH	A	0.02%
UBCP	B	0.02%
NEOV	B	0.02%
PFIE	B	0.02%
NINE	C	0.02%
RLYB	D	0.02%
FEIM	D	0.02%
VTNR	D	0.02%
SPRO	D	0.02%
HQI	F	0.02%
ATRA	F	0.02%
CPHC	C	0.02%
AIRS	D	0.02%
ETON	D	0.02%
CVM	F	0.02%
DNMR	F	0.02%
CLSD	C	0.02%
OTLK	D	0.02%
BGFV	F	0.02%
GOSS	F	0.02%
CDTX	F	0.02%
PNRG	B	0.02%
ACNT	B	0.02%
LEE	A	0.02%
KRMD	F	0.02%
OMEX	F	0.02%
UPLD	F	0.02%
PMVP	D	0.02%
PROV	D	0.02%
ORGN	C	0.02%
GSIT	B	0.02%
HMNF	F	0.02%
AE	B	0.02%
CFBK	D	0.02%
MPU	D	0.02%
OBIO	F	0.02%
MNOV	D	0.02%
SCWO	D	0.02%
ALLK	F	0.02%
CCRD	B	0.02%
VOR	F	0.02%
VUZI	F	0.02%
SST	B	0.02%
BCOV	F	0.02%
LFT	B	0.02%
PMTS	F	0.02%
NOTE	F	0.02%
TUSK	D	0.02%
LFVN	C	0.02%
GLT	F	0.02%
GRTS	F	0.02%
COOK	F	0.02%
AFBI	A	0.02%
HNVR	C	0.02%
BEEM	F	0.02%
PRTS	F	0.02%
EXFY	F	0.02%
GNLX	F	0.02%
SGMO	F	0.02%
ASRT	F	0.02%
PLX	F	0.02%
CPSS	C	0.02%
DLHC	F	0.02%
FXNC	D	0.02%
CMRX	F	0.02%
SUP	A	0.02%
TELA	F	0.02%
EP	F	0.02%
RZLT	B	0.02%
COYA	D	0.02%
ATHA	F	0.02%
LWAY	A	0.02%
SCLX	F	0.02%
PRLD	C	0.02%
RSSS	D	0.02%
MNTX	F	0.02%
MRBK	F	0.02%
LARK	D	0.02%
SGA	B	0.02%
ANVS	B	0.02%
BTMD	B	0.02%
GIFI	A	0.02%
HGBL	F	0.02%
ESOA	D	0.02%
PRPH	D	0.02%
PETS	F	0.02%
LUNA	F	0.02%
SBFG	D	0.02%
LENZ	B	0.02%
CATO	D	0.02%
SRBK	D	0.02%
SFBC	B	0.02%
KEQU	A	0.02%
ULBI	D	0.02%
RVSB	D	0.02%
OPTN	F	0.02%
SNFCA	F	0.02%
FSFG	C	0.02%
CNTY	C	0.02%
FNCB	D	0.02%
BBAI	F	0.02%
PDSB	F	0.02%
CHMI	B	0.02%
FCAP	F	0.02%
PRPL	F	0.02%
EBMT	D	0.02%
RRGB	F	0.02%
MPX	B	0.02%
PLCE	F	0.02%
AUGX	F	0.02%
VOXX	F	0.02%
KFS	B	0.02%
IDR	A	0.02%
FNWB	F	0.02%
PTSI	F	0.02%
AREC	F	0.02%
IPSC	D	0.02%
FINW	B	0.02%
FNWD	A	0.02%
BGSF	F	0.02%
MDWD	A	0.02%
DHX	D	0.02%
ORMP	F	0.02%
HOWL	B	0.02%
ISPR	F	0.02%
CIA	D	0.02%
ANIX	F	0.02%
UFI	F	0.02%
ARC	D	0.02%
GNSS	B	0.02%
CDZI	F	0.02%
ACU	D	0.02%
GALT	B	0.02%
GLSI	D	0.02%
STRT	F	0.02%
BIG	F	0.02%
EEX	D	0.02%
AKYA	F	0.02%
CBFV	D	0.02%
MAMA	B	0.02%
IVAC	F	0.02%
KLXE	D	0.02%
SCX	A	0.02%
AJX	D	0.02%
ISSC	F	0.02%
WW	F	0.02%
PMCB	F	0.01%
UBX	F	0.01%
ELUT	D	0.01%
UONEK	F	0.01%
EMKR	F	0.01%
CPSH	F	0.01%
WVVI	F	0.01%
SOHO	D	0.01%
IMMX	F	0.01%
BRID	F	0.01%
DRRX	F	0.01%
SLND	F	0.01%
VAXX	F	0.01%
XLO	C	0.01%
TPET	D	0.01%
POCI	D	0.01%
INTS	F	0.01%
MOVE	F	0.01%
MEIP	F	0.01%
RPID	F	0.01%
ICD	C	0.01%
RFL	F	0.01%
LNSR	D	0.01%
BDL	F	0.01%
LVLU	F	0.01%
GTIM	B	0.01%
ARL	F	0.01%
VERY	D	0.01%
PIII	F	0.01%
HFBL	F	0.01%
AWRE	D	0.01%
OMIC	F	0.01%
BYFC	D	0.01%
KIRK	D	0.01%
VBFC	C	0.01%
ELYM	B	0.01%
ARKR	F	0.01%
AIRT	A	0.01%
UG	B	0.01%
MCHX	D	0.01%
ICCH	A	0.01%
DRCT	F	0.01%
WFCF	D	0.01%
GEG	F	0.01%
CURI	B	0.01%
ANTX	F	0.01%
DZSI	F	0.01%
FTEK	B	0.01%
ZVIA	F	0.01%
QNCX	D	0.01%
EVTV	D	0.01%
DIT	F	0.01%
CLIR	F	0.01%
TWOU	F	0.01%
CODA	B	0.01%
GORV	F	0.01%
BCLI	D	0.01%
CVV	F	0.01%
RFIL	F	0.01%
MESA	D	0.01%
SIEB	B	0.01%
VIA	B	0.01%
TARA	D	0.01%
OESX	F	0.01%
CVU	C	0.01%
FKWL	B	0.01%
NICK	D	0.01%
DERM	D	0.01%
BSBK	F	0.01%
RDI	F	0.01%
QMCO	F	0.01%
VLD	F	0.01%
PBBK	F	0.01%
NTIP	F	0.01%
PPSI	F	0.01%
BHIL	F	0.01%
RDW	A	0.01%
AADI	F	0.01%
BOLT	F	0.01%
DRIO	F	0.01%
ICCC	F	0.01%
TCS	F	0.01%
BNED	F	0.01%
NAII	B	0.01%
USIO	F	0.01%
DAIO	A	0.01%
VALU	F	0.01%
ISDR	F	0.01%
ALGS	D	0.01%
HCWB	A	0.01%
ELA	D	0.01%
UHG	F	0.01%
CKPT	F	0.01%
RBKB	D	0.01%
ARMP	F	0.01%
VIRX	D	0.01%
AP	F	0.01%
RBOT	F	0.01%
FOA	F	0.01%
OPFI	B	0.01%
MHH	D	0.01%
BDSX	D	0.01%
PET	A	0.01%
QUBT	F	0.01%
CSBR	D	0.01%
KORE	D	0.01%
BKKT	F	0.01%
CTSO	F	0.01%
CARA	F	0.01%
HNNA	B	0.01%
DYAI	D	0.01%
SURG	F	0.01%
ASRV	C	0.01%
FTCI	F	0.01%
TCBS	B	0.01%
LTBR	F	0.01%
CODX	D	0.01%
USAU	B	0.01%
SKIL	F	0.01%
BOTJ	F	0.01%
SLS	A	0.01%
BKTI	A	0.01%
VHI	B	0.01%
DTC	F	0.01%
PDEX	A	0.01%
SOTK	F	0.01%
CPBI	B	0.01%
VNRX	F	0.01%
SRFM	F	0.01%
DARE	F	0.01%
ALVR	C	0.01%
GOCO	F	0.01%
BCOW	C	0.01%
OCUP	F	0.01%
CUTR	C	0.01%
CCEL	A	0.01%
CRVS	F	0.01%
AUBN	F	0.01%
IROQ	D	0.01%
IKNA	F	0.01%
LIVE	F	0.01%
ONDS	F	0.01%
HYFM	D	0.01%
TACT	F	0.01%
STCN	A	0.01%
LTRN	D	0.01%
ICAD	F	0.01%
TCI	F	0.01%
ESP	C	0.01%
GMGI	A	0.01%
FSEA	B	0.01%
GANX	D	0.01%
XAIR	F	0.01%
REFR	A	0.01%
LOAN	A	0.01%
NXTC	D	0.01%
PBHC	B	0.01%
WKHS	F	0.01%
HHS	D	0.01%
NSTS	A	0.01%
SELF	C	0.01%
FOSL	F	0.01%
CMCT	F	0.01%
BAFN	B	0.01%
TUP	F	0.01%
KTCC	F	0.01%
HSON	B	0.01%
GORO	B	0.01%
BRBS	C	0.01%
APYX	F	0.01%
CGTX	B	0.01%
BWEN	F	0.01%
IPWR	D	0.01%
AIRG	A	0.01%
VATE	F	0.01%
AHT	F	0.01%
IMRX	F	0.01%
FORA	C	0.01%
VANI	D	0.01%
EGRX	F	0.01%
LPSN	F	0.01%
DPSI	B	0.01%
PLBY	D	0.01%
CMLS	F	0.01%
TSBX	F	0.01%
IRIX	B	0.01%
MPTI	F	0.01%
NVNO	C	0.01%
BYSI	D	0.01%
FEAM	F	0.01%
CLPR	D	0.01%
KRON	F	0.01%
RAIL	B	0.01%
NHTC	A	0.01%
METCB	F	0.01%
MKTW	F	0.01%
CMBM	F	0.01%
CARM	F	0.01%
PSNL	D	0.01%
VIGL	F	0.01%
CIX	B	0.01%
NVCT	F	0.01%
LL	F	0.01%
SSBI	F	0.01%
OPOF	D	0.01%
SRTS	C	0.01%
HYPR	F	0.01%
FARM	D	0.01%
ENZ	F	0.01%
FUSB	B	0.01%
CRWS	D	0.01%
CURV	A	0.01%
BHM	A	0.01%
CLST	C	0.01%
TOON	F	0.01%
RVPH	F	0.01%
TBNK	F	0.01%
SCYX	F	0.01%
ASYS	F	0.01%
AKTS	F	0.01%
PRTH	D	0.01%
CULP	D	0.01%
CULL	F	0.01%
RENT	D	0.01%
TCBC	B	0.01%
GAIA	A	0.01%
TZOO	C	0.01%
AFRI	C	0.01%
OSS	D	0.01%
HOOK	B	0.01%
ZURA	D	0.01%
PPIH	F	0.01%
AXR	D	0.01%
CONN	D	0.01%
FLUX	D	0.01%
AEVA	F	0.01%
DCTH	A	0.01%
SCOR	F	0.01%
ASMB	B	0.01%
PASG	D	0.01%
WRAP	F	0.01%
DMAC	F	0.01%
AQMS	F	0.01%
NDLS	F	0.01%
LPTH	F	0.01%
VLCN	F	0.0%
AZTR	F	0.0%
FATBB	D	0.0%
PRST	F	0.0%
TRNR	F	0.0%
LGVN	F	0.0%
SOC	F	0.0%
CSSE	F	0.0%
CYN	F	0.0%
KA	F	0.0%
OMQS	F	0.0%
MBIO	F	0.0%
KITT	F	0.0%
MYMD	F	0.0%
MSS	F	0.0%
SOBR	F	0.0%
AINC	C	0.0%
OSA	F	0.0%
TBIO	F	0.0%
AAMC	F	0.0%
PRTG	F	0.0%
CTM	F	0.0%
INKT	F	0.0%
CAMP	C	0.0%
ANEB	B	0.0%
NB	D	0.0%
AMIX	F	0.0%
BIVI	F	0.0%
COHN	D	0.0%
GRTX	F	0.0%
VMAR	F	0.0%
COSM	F	0.0%
RGF	F	0.0%
VWE	F	0.0%
MGRM	F	0.0%
UPXI	F	0.0%
AREN	F	0.0%
PODC	D	0.0%
BCDA	F	0.0%
VGAS	B	0.0%
SDOT	F	0.0%
NXPL	F	0.0%
CMAX	F	0.0%
SVT	F	0.0%
INTG	F	0.0%
FCUV	F	0.0%
LUCD	F	0.0%
XPON	F	0.0%
CXAI	B	0.0%
BSGM	D	0.0%
SSKN	B	0.0%
KOSS	D	0.0%
AMPX	F	0.0%
NCSM	A	0.0%
AAME	F	0.0%
DWSN	B	0.0%
SANW	F	0.0%
SONM	F	0.0%
ETAO	F	0.0%
PNBK	F	0.0%
IPDN	F	0.0%
PMD	F	0.0%
HOFV	F	0.0%
SBEV	F	0.0%
GLTO	F	0.0%
LINK	D	0.0%
VNCE	D	0.0%
KFFB	F	0.0%
RNXT	F	0.0%
AGAE	F	0.0%
SHIM	F	0.0%
INAB	F	0.0%
BMTX	F	0.0%
IOR	A	0.0%
SLNG	D	0.0%
AVTX	D	0.0%
CCLD	F	0.0%
DFLI	C	0.0%
AKLI	F	0.0%
MIGI	B	0.0%
CLRO	C	0.0%
USEG	B	0.0%
CHCI	B	0.0%
ACXP	F	0.0%
USGO	C	0.0%
TLF	A	0.0%
LPTV	F	0.0%
SPI	F	0.0%
STRM	F	0.0%
APCX	F	0.0%
TKNO	F	0.0%
ORGS	F	0.0%
LUXH	F	0.0%
XGN	F	0.0%
SMSI	F	0.0%
CLNN	F	0.0%
SNSE	B	0.0%
RGS	F	0.0%
VRAR	F	0.0%
FSI	B	0.0%
MAIA	A	0.0%
RVP	F	0.0%
MGLD	A	0.0%
AMPG	A	0.0%
OCC	F	0.0%
DLA	F	0.0%
TXMD	F	0.0%
EYEN	F	0.0%
NEON	C	0.0%
GAME	D	0.0%
BGXX	F	0.0%
JRSH	D	0.0%
FGF	D	0.0%
HLTH	F	0.0%
CFSB	D	0.0%
KALA	F	0.0%
LSBK	D	0.0%
RMCF	F	0.0%
MAYS	D	0.0%
DMTK	F	0.0%
CETY	B	0.0%
SPRB	F	0.0%
FTHM	F	0.0%
UONE	F	0.0%
SYPR	F	0.0%
OCEA	F	0.0%
RMTI	C	0.0%
BATL	F	0.0%

IWC Underweight 136 Positions Relative to IBB

Symbol	Grade	Weight
AMGN	C	-8.47%
VRTX	C	-8.18%
GILD	F	-8.16%
REGN	C	-8.09%
IQV	C	-4.38%
MRNA	A	-3.7%
BIIB	F	-2.99%
MTD	C	-2.76%
ARGX	D	-1.98%
ILMN	D	-1.98%
WAT	D	-1.97%
ALNY	F	-1.96%
BNTX	F	-1.9%
BMRN	A	-1.79%
GMAB	F	-1.76%
NBIX	B	-1.37%
INCY	F	-1.26%
CRL	C	-1.24%
BGNE	D	-1.15%
SRPT	D	-1.1%
UTHR	B	-1.07%
TECH	F	-1.06%
NTRA	B	-1.06%
MEDP	B	-1.01%
RGEN	C	-0.91%
LEGN	F	-0.82%
ITCI	A	-0.8%
BRKR	D	-0.8%
CYTK	D	-0.73%
ASND	C	-0.73%
EXEL	A	-0.72%
PCVX	D	-0.68%
IONS	D	-0.59%
ROIV	C	-0.55%
BPMC	B	-0.55%
APLS	F	-0.54%
RVMD	A	-0.52%
HALO	C	-0.51%
CRSP	F	-0.49%
KRYS	B	-0.43%
ALKS	F	-0.42%
MDGL	D	-0.4%
INSM	F	-0.4%
RARE	D	-0.35%
BBIO	F	-0.35%
FTRE	D	-0.34%
XENE	D	-0.32%
BHVN	D	-0.32%
TXG	F	-0.32%
FOLD	F	-0.32%
ACAD	F	-0.3%
SWTX	C	-0.29%
ARWR	F	-0.29%
AXSM	D	-0.28%
IOVA	D	-0.27%
OLK	D	-0.25%
IMCR	D	-0.24%
VCEL	D	-0.24%
MOR	A	-0.24%
NTLA	F	-0.22%
ACLX	D	-0.22%
DNLI	F	-0.21%
NUVL	C	-0.21%
RCKT	D	-0.21%
PTCT	F	-0.2%
IMVT	F	-0.2%
ARVN	D	-0.2%
MRUS	D	-0.19%
BEAM	F	-0.19%
KYMR	C	-0.19%
SNDX	D	-0.18%
KROS	D	-0.17%
AGIO	A	-0.17%
TWST	C	-0.17%
GERN	B	-0.17%
GLPG	F	-0.17%
MYGN	F	-0.17%
DVAX	D	-0.16%
GRFS	F	-0.16%
VCYT	D	-0.15%
PTGX	C	-0.15%
AKRO	F	-0.14%
LGND	B	-0.14%
NVCR	F	-0.13%
ZLAB	F	-0.13%
IRWD	D	-0.13%
KURA	D	-0.13%
DNA	F	-0.13%
APGE	F	-0.12%
RXRX	F	-0.12%
XNCR	F	-0.12%
GPCR	F	-0.12%
FUSN	A	-0.12%
STVN	F	-0.11%
ARQT	C	-0.11%
MORF	F	-0.11%
BCRX	F	-0.1%
PRTA	F	-0.1%
AUTL	D	-0.09%
ZNTL	F	-0.09%
ABCL	F	-0.09%
MRVI	C	-0.09%
SANA	D	-0.09%
VIR	F	-0.08%
VRNA	F	-0.08%
RCUS	F	-0.08%
SAGE	F	-0.08%
RGNX	F	-0.08%
RLAY	F	-0.07%
AUPH	F	-0.07%
PLRX	F	-0.07%
BCYC	C	-0.07%
CTKB	F	-0.07%
NVAX	F	-0.06%
OPK	B	-0.05%
TVTX	F	-0.05%
EDIT	F	-0.05%
CNTA	D	-0.05%
TSHA	C	-0.04%
PACB	F	-0.04%
RVNC	F	-0.04%
ALLO	F	-0.04%
CMPS	F	-0.04%
ADPT	F	-0.04%
FLGT	F	-0.04%
EXAI	F	-0.04%
CVAC	F	-0.03%
ATAI	B	-0.03%
SLRN	F	-0.03%
NBTX	F	-0.02%
PRME	F	-0.02%
QURE	F	-0.02%
IMMP	B	-0.02%
VTYX	F	-0.02%
AMLX	F	-0.01%
ACIU	F	-0.01%