IWD vs. VFMO ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Vanguard U.S. Momentum Factor ETF (VFMO)

IWD

iShares Russell 1000 Value ETF

IWD Description

The investment seeks to track the investment results of an index composed of large- and mid-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 1000 Value Index (the "underlying index"), which measures the performance of large- and mid-capitalization value sectors of the U.S. equity market. It is a subset of the Russell 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$174.47

Average Daily Volume

1,395,478

Number of Holdings ^*

843

* 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

$150.20

Average Daily Volume

30,872

Number of Holdings ^*

560

* may have additional holdings in another (foreign) market

Performance

Period	IWD	VFMO
30 Days	0.99%	1.40%
60 Days	0.76%	3.84%
90 Days	-2.20%	-0.50%
12 Months	13.78%	26.43%

143 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in VFMO	Overlap
	ACGL	B	0.15%	0.17%	0.15%
	AFL	B	0.24%	0.07%	0.07%
	AFRM	F	0.03%	0.23%	0.03%
	AGO	C	0.02%	0.31%	0.02%
	AIZ	D	0.04%	0.24%	0.04%
	AJG	B	0.25%	0.39%	0.25%
	AKAM	F	0.06%	0.16%	0.06%
	ALL	D	0.2%	0.1%	0.1%
	ALSN	C	0.03%	0.42%	0.03%
	AM	B	0.02%	0.1%	0.02%
	AMAT	B	0.15%	0.33%	0.15%
	AMD	B	0.5%	1.19%	0.5%
	AMGN	B	0.25%	0.79%	0.25%
	AOS	D	0.04%	0.06%	0.04%
	APP	B	0.06%	0.29%	0.06%
	AWI	D	0.02%	0.21%	0.02%
	AZEK	D	0.03%	0.23%	0.03%
	AZTA	D	0.01%	0.05%	0.01%
	BLD	D	0.06%	0.19%	0.06%
	BLDR	F	0.08%	0.31%	0.08%
	BPOP	C	0.03%	0.16%	0.03%
	BRO	B	0.06%	0.08%	0.06%
	BSX	A	0.52%	0.03%	0.03%
	BSY	D	0.0%	0.03%	0.0%
	CACC	C	0.01%	0.17%	0.01%
	CACI	B	0.04%	0.02%	0.02%
	CAH	D	0.06%	0.16%	0.06%
	CARR	B	0.26%	0.16%	0.16%
	CASY	B	0.06%	0.13%	0.06%
	CCL	B	0.07%	0.02%	0.02%
	CLH	B	0.05%	0.17%	0.05%
	CMCSA	C	0.68%	0.06%	0.06%
	CNM	D	0.04%	0.24%	0.04%
	COIN	C	0.19%	0.24%	0.19%
	COTY	D	0.02%	0.07%	0.02%
	CPAY	D	0.01%	0.08%	0.01%
	CRM	D	0.25%	0.63%	0.25%
	CW	B	0.05%	0.14%	0.05%
	DASH	D	0.04%	0.1%	0.04%
	DHI	D	0.2%	0.34%	0.2%
	EHC	B	0.04%	0.12%	0.04%
	ELAN	C	0.04%	0.09%	0.04%
	EME	C	0.05%	0.51%	0.05%
	ESAB	D	0.03%	0.13%	0.03%
	ETN	D	0.61%	0.98%	0.61%
	EVR	A	0.03%	0.05%	0.03%
	EXEL	B	0.01%	0.3%	0.01%
	EXP	D	0.01%	0.19%	0.01%
	FCNCA	C	0.07%	0.28%	0.07%
	FDX	A	0.27%	0.04%	0.04%
	FNF	C	0.06%	0.03%	0.03%
	FRPT	B	0.02%	0.07%	0.02%
	FTI	C	0.05%	0.24%	0.05%
	GE	D	0.84%	1.38%	0.84%
	GPS	C	0.02%	0.12%	0.02%
	GWRE	A	0.05%	0.17%	0.05%
	HRB	A	0.01%	0.12%	0.01%
	HUBB	D	0.05%	0.16%	0.05%
	IBKR	B	0.06%	0.13%	0.06%
	IBM	B	0.73%	0.54%	0.54%
	INTC	F	0.61%	1.0%	0.61%
	IONS	B	0.0%	0.16%	0.0%
	JBL	F	0.03%	0.41%	0.03%
	JPM	A	2.67%	0.17%	0.17%
	KD	B	0.03%	0.11%	0.03%
	KKR	B	0.26%	0.95%	0.26%
	LAD	D	0.03%	0.02%	0.02%
	LEN	D	0.01%	0.06%	0.01%
	LEN	D	0.17%	0.06%	0.06%
	LEN	D	0.17%	0.44%	0.17%
	LEN	D	0.01%	0.44%	0.01%
	LII	B	0.08%	0.13%	0.08%
	LIN	B	0.91%	0.19%	0.19%
	LOPE	C	0.01%	0.03%	0.01%
	LRCX	B	0.04%	0.85%	0.04%
	MCK	B	0.23%	0.8%	0.23%
	MOH	F	0.04%	0.06%	0.04%
	MPC	D	0.3%	0.59%	0.3%
	MRVL	C	0.29%	0.24%	0.24%
	MSA	B	0.03%	0.12%	0.03%
	MSI	A	0.02%	0.03%	0.02%
	MTG	B	0.03%	0.13%	0.03%
	MU	C	0.79%	0.88%	0.79%
	MUSA	B	0.0%	0.11%	0.0%
	NEU	F	0.02%	0.13%	0.02%
	NTNX	D	0.05%	0.28%	0.05%
	NU	A	0.04%	0.2%	0.04%
	NVR	C	0.09%	0.37%	0.09%
	NVT	D	0.06%	0.18%	0.06%
	NWSA	A	0.05%	0.03%	0.03%
	NYT	A	0.04%	0.04%	0.04%
	OC	C	0.07%	0.17%	0.07%
	ODFL	D	0.01%	0.04%	0.01%
	OLED	A	0.03%	0.04%	0.03%
	OLLI	B	0.02%	0.08%	0.02%
	OMF	C	0.03%	0.12%	0.03%
	ORI	C	0.04%	0.12%	0.04%
	OWL	C	0.03%	0.04%	0.03%
	PAG	D	0.01%	0.05%	0.01%
	PATH	F	0.0%	0.05%	0.0%
	PCAR	D	0.26%	0.61%	0.26%
	PFGC	D	0.03%	0.06%	0.03%
	PGR	D	0.15%	0.8%	0.15%
	PH	C	0.3%	0.65%	0.3%
	PHM	D	0.11%	0.43%	0.11%
	PNR	D	0.06%	0.1%	0.06%
	PPC	A	0.01%	0.08%	0.01%
	PRI	B	0.01%	0.14%	0.01%
	PSX	D	0.28%	0.75%	0.28%
	PTC	C	0.04%	0.07%	0.04%
	PVH	F	0.03%	0.08%	0.03%
	PWR	C	0.14%	0.1%	0.1%
	RCL	A	0.12%	0.28%	0.12%
	RGA	B	0.06%	0.08%	0.06%
	RKT	C	0.01%	0.08%	0.01%
	RL	B	0.03%	0.05%	0.03%
	ROKU	D	0.03%	0.07%	0.03%
	ROST	B	0.02%	0.12%	0.02%
	RS	D	0.08%	0.17%	0.08%
	S	D	0.02%	0.17%	0.02%
	SAIA	B	0.05%	0.35%	0.05%
	SKX	B	0.04%	0.22%	0.04%
	SPB	C	0.01%	0.07%	0.01%
	TDG	C	0.28%	0.45%	0.28%
	THC	B	0.07%	0.07%	0.07%
	TOL	D	0.06%	0.21%	0.06%
	TPX	D	0.03%	0.19%	0.03%
	TT	B	0.26%	0.58%	0.26%
	UHAL	D	0.0%	0.04%	0.0%
	UHAL	D	0.02%	0.04%	0.02%
	URI	C	0.16%	0.3%	0.16%
	USFD	B	0.06%	0.06%	0.06%
	UWMC	C	0.0%	0.1%	0.0%
	VNT	D	0.02%	0.16%	0.02%
	VRT	D	0.14%	0.34%	0.14%
	VRTX	B	0.05%	0.76%	0.05%
	WDC	B	0.12%	0.03%	0.03%
	WRB	C	0.08%	0.13%	0.08%
	WSM	C	0.08%	0.24%	0.08%
	WSO	C	0.06%	0.09%	0.06%
	WWD	C	0.05%	0.1%	0.05%
	XP	F	0.02%	0.15%	0.02%
	XPO	D	0.06%	0.31%	0.06%

IWD Overweight 702 Positions Relative to VFMO

	Symbol	Grade	Weight
	BRK.A	C	3.5%
	XOM	C	2.33%
	JNJ	F	1.65%
	PG	C	1.51%
	WMT	A	1.36%
	BAC	A	1.29%
	CVX	C	1.24%
	MRK	C	1.24%
	WFC	C	1.0%
	DIS	D	0.87%
	CSCO	C	0.87%
	DHR	D	0.8%
	VZ	B	0.79%
	ABT	D	0.79%
	PM	B	0.74%
	PFE	C	0.73%
	RTX	D	0.71%
	GS	B	0.68%
	NEE	D	0.68%
	ORCL	B	0.62%
	T	A	0.61%
	COP	D	0.61%
	SPGI	B	0.59%
	KO	A	0.58%
	HON	B	0.58%
	C	C	0.55%
	BLK	B	0.55%
	ADI	B	0.55%
	MS	B	0.54%
	SCHW	C	0.51%
	ELV	A	0.51%
	MDT	D	0.5%
	CB	C	0.5%
	MCD	D	0.5%
	TXN	B	0.49%
	PLD	C	0.48%
	REGN	B	0.47%
	SYK	B	0.43%
	CI	D	0.42%
	AXP	C	0.42%
	MDLZ	D	0.42%
	TMUS	B	0.41%
	TMO	D	0.4%
	SO	B	0.4%
	BA	D	0.4%
	BMY	F	0.39%
	MO	B	0.38%
	CVS	D	0.37%
	GILD	C	0.37%
	CL	B	0.37%
	DUK	D	0.36%
	ICE	A	0.36%
	UNP	D	0.36%
	GD	C	0.34%
	EOG	C	0.33%
	UPS	D	0.33%
	CME	D	0.33%
	CEG	C	0.33%
	PEP	D	0.33%
	UNH	C	0.33%
	BDX	D	0.32%
	FCX	D	0.32%
	SLB	D	0.3%
	FI	D	0.3%
	APD	D	0.29%
	USB	C	0.29%
	PNC	C	0.29%
	EMR	C	0.29%
	AON	C	0.28%
	ROP	A	0.28%
	NOC	D	0.27%
	WELL	A	0.27%
	CSX	C	0.27%
	GM	B	0.26%
	MMM	B	0.26%
	HCA	C	0.25%
	NSC	F	0.24%
	VLO	C	0.24%
	WMB	A	0.24%
	NKE	F	0.24%
	AIG	D	0.24%
	COF	C	0.24%
	NEM	B	0.23%
	TFC	C	0.23%
	GEV	B	0.23%
	AEP	C	0.22%
	F	C	0.22%
	DLR	A	0.22%
	JCI	C	0.22%
	SRE	B	0.22%
	TRV	D	0.22%
	OKE	B	0.21%
	O	D	0.21%
	MRNA	D	0.21%
	BK	A	0.21%
	FIS	B	0.21%
	PRU	B	0.2%
	LHX	A	0.2%
	OXY	C	0.2%
	MET	D	0.2%
	RSG	A	0.19%
	APH	B	0.19%
	D	D	0.19%
	CAT	C	0.19%
	EA	B	0.18%
	OTIS	B	0.18%
	GIS	D	0.18%
	STZ	B	0.18%
	NUE	D	0.18%
	IR	C	0.18%
	KMI	A	0.18%
	FERG	D	0.18%
	DOW	D	0.18%
	AME	D	0.18%
	CNC	F	0.17%
	EQIX	C	0.17%
	PCG	D	0.17%
	PEG	B	0.17%
	CTVA	C	0.17%
	CCI	C	0.17%
	SPG	B	0.17%
	CMI	D	0.17%
	EXR	B	0.16%
	FANG	C	0.16%
	KR	D	0.16%
	MLM	D	0.16%
	EXC	D	0.16%
	DD	B	0.16%
	LOW	D	0.16%
	ED	D	0.15%
	DFS	A	0.15%
	ADM	F	0.15%
	BKR	B	0.15%
	BIIB	C	0.15%
	QCOM	C	0.15%
	KDP	C	0.15%
	CTSH	C	0.15%
	WAB	D	0.14%
	VICI	C	0.14%
	HLT	A	0.14%
	DVN	C	0.14%
	XEL	D	0.14%
	XYL	C	0.14%
	GEHC	D	0.14%
	DAL	D	0.14%
	HIG	B	0.14%
	HWM	C	0.14%
	ON	F	0.14%
	GLW	B	0.14%
	CBRE	B	0.13%
	EIX	D	0.13%
	FSLR	C	0.13%
	HPE	B	0.13%
	AVB	A	0.13%
	IFF	B	0.12%
	WEC	D	0.12%
	LYB	C	0.12%
	GRMN	B	0.12%
	HPQ	B	0.12%
	EQR	A	0.12%
	AWK	B	0.12%
	DOV	B	0.12%
	TTWO	B	0.12%
	FTV	D	0.12%
	TROW	B	0.12%
	KHC	D	0.12%
	VMC	D	0.12%
	EBAY	B	0.12%
	ZBH	D	0.11%
	ETR	C	0.11%
	PPG	D	0.11%
	RJF	C	0.11%
	DTE	C	0.11%
	WTW	B	0.11%
	KVUE	F	0.11%
	HAL	D	0.11%
	GPN	D	0.11%
	HUM	C	0.11%
	MTB	B	0.11%
	FITB	C	0.11%
	CSL	C	0.1%
	MKL	C	0.1%
	PPL	D	0.1%
	FE	D	0.1%
	MMC	B	0.1%
	WY	F	0.1%
	STE	C	0.1%
	SQ	D	0.1%
	NDAQ	C	0.1%
	STT	C	0.1%
	INVH	A	0.1%
	VST	C	0.1%
	DLTR	F	0.1%
	ICLR	C	0.1%
	VLTO	C	0.1%
	ESS	B	0.09%
	MSCI	F	0.09%
	AEE	D	0.09%
	SBAC	D	0.09%
	PFG	D	0.09%
	STLD	C	0.09%
	APTV	F	0.09%
	PSA	B	0.09%
	BALL	D	0.09%
	ENTG	B	0.09%
	GPC	D	0.09%
	CNP	A	0.09%
	LDOS	B	0.09%
	CTRA	D	0.09%
	ARE	C	0.09%
	VTR	A	0.09%
	ES	F	0.09%
	IP	B	0.08%
	CFG	C	0.08%
	UAL	D	0.08%
	MAA	B	0.08%
	PKG	B	0.08%
	HOLX	C	0.08%
	CSGP	D	0.08%
	NTRS	C	0.08%
	TXT	D	0.08%
	SWKS	B	0.08%
	LUV	B	0.08%
	BAX	F	0.08%
	CMS	D	0.08%
	MKC	D	0.08%
	EL	F	0.08%
	CINF	C	0.08%
	LH	C	0.08%
	RF	C	0.08%
	ATO	B	0.08%
	HES	D	0.08%
	KEYS	D	0.08%
	SYF	A	0.08%
	J	D	0.08%
	COO	D	0.08%
	HBAN	C	0.08%
	NRG	C	0.08%
	TDY	D	0.08%
	OMC	D	0.08%
	BMRN	C	0.07%
	SNA	D	0.07%
	L	D	0.07%
	EG	B	0.07%
	IEX	D	0.07%
	CF	D	0.07%
	FWONK	B	0.07%
	MCHP	C	0.07%
	AMCR	C	0.07%
	ADP	D	0.07%
	ZM	D	0.07%
	AVTR	F	0.07%
	BG	B	0.07%
	VRSN	C	0.07%
	K	D	0.07%
	TSN	C	0.07%
	DGX	D	0.07%
	WBD	D	0.07%
	BBY	B	0.07%
	EXPD	B	0.07%
	MAS	D	0.07%
	MRO	B	0.07%
	NTAP	A	0.07%
	EVRG	C	0.06%
	EMN	C	0.06%
	DKS	B	0.06%
	SHW	D	0.06%
	WPC	D	0.06%
	ACM	D	0.06%
	ILMN	F	0.06%
	VTRS	D	0.06%
	AMH	A	0.06%
	KIM	B	0.06%
	AVY	C	0.06%
	ZBRA	C	0.06%
	HST	D	0.06%
	OKTA	C	0.06%
	UDR	B	0.06%
	WRK	D	0.06%
	LNT	C	0.06%
	KEY	C	0.06%
	SWK	F	0.06%
	IRM	A	0.06%
	RVTY	D	0.06%
	NDSN	D	0.06%
	ITW	D	0.06%
	SSNC	B	0.06%
	ECL	B	0.06%
	TRMB	C	0.06%
	CAG	D	0.06%
	TRU	C	0.06%
	EQT	D	0.06%
	DOC	B	0.06%
	CE	F	0.06%
	UTHR	A	0.06%
	HOOD	B	0.06%
	ATR	D	0.05%
	DRI	C	0.05%
	HII	D	0.05%
	RPRX	F	0.05%
	QGEN	D	0.05%
	BXP	B	0.05%
	CTLT	B	0.05%
	NLY	B	0.05%
	EWBC	C	0.05%
	FFIV	C	0.05%
	JLL	B	0.05%
	CNH	F	0.05%
	CUBE	B	0.05%
	JBHT	F	0.05%
	CHK	D	0.05%
	CRL	F	0.05%
	KMX	B	0.05%
	ITT	C	0.05%
	ALLY	B	0.05%
	LKQ	F	0.05%
	GEN	B	0.05%
	REG	B	0.05%
	MGM	B	0.05%
	LYV	C	0.05%
	SUI	C	0.05%
	UHS	B	0.05%
	QRVO	B	0.05%
	GLPI	B	0.05%
	JNPR	B	0.05%
	CPT	A	0.05%
	IPG	F	0.05%
	RPM	D	0.05%
	WBA	F	0.05%
	SJM	F	0.05%
	NI	B	0.05%
	ALB	F	0.05%
	RIVN	C	0.04%
	TWLO	D	0.04%
	INGR	D	0.04%
	ELS	B	0.04%
	Z	C	0.04%
	ACI	F	0.04%
	EGP	B	0.04%
	GDDY	B	0.04%
	NNN	A	0.04%
	BWA	F	0.04%
	AYI	D	0.04%
	RBC	C	0.04%
	BJ	B	0.04%
	TW	C	0.04%
	SF	A	0.04%
	GGG	D	0.04%
	HAS	C	0.04%
	UNM	C	0.04%
	RRC	D	0.04%
	OHI	A	0.04%
	GNTX	D	0.04%
	RGLD	C	0.04%
	FHN	C	0.04%
	JKHY	B	0.04%
	CCK	F	0.04%
	CGNX	C	0.04%
	FOXA	A	0.04%
	FRT	C	0.04%
	X	D	0.04%
	GNRC	D	0.04%
	DINO	D	0.04%
	CG	C	0.04%
	JEF	A	0.04%
	AZO	B	0.04%
	PNW	C	0.04%
	FBIN	F	0.04%
	WM	A	0.04%
	RNR	C	0.04%
	CPB	C	0.04%
	WYNN	D	0.04%
	TAP	F	0.04%
	DOX	D	0.04%
	HRL	F	0.04%
	TPR	B	0.04%
	ARMK	A	0.04%
	MOS	D	0.04%
	HSIC	F	0.04%
	SNX	C	0.04%
	TTEK	C	0.04%
	EFX	B	0.04%
	AFG	D	0.04%
	MKSI	B	0.04%
	AR	D	0.04%
	REXR	C	0.04%
	WTRG	C	0.04%
	FAST	F	0.04%
	BBWI	F	0.04%
	RRX	F	0.04%
	TFX	D	0.04%
	ORLY	B	0.04%
	COHR	B	0.04%
	WSC	F	0.03%
	VMI	B	0.03%
	RITM	D	0.03%
	AZPN	C	0.03%
	FAF	D	0.03%
	SNV	A	0.03%
	SRCL	B	0.03%
	IVZ	D	0.03%
	XRAY	F	0.03%
	NCLH	B	0.03%
	DAR	D	0.03%
	KBR	C	0.03%
	WH	C	0.03%
	AXS	B	0.03%
	GXO	D	0.03%
	SON	F	0.03%
	PARA	D	0.03%
	FCN	C	0.03%
	STWD	C	0.03%
	WTFC	C	0.03%
	GMED	A	0.03%
	AIRC	A	0.03%
	PNFP	C	0.03%
	LPX	C	0.03%
	CFR	C	0.03%
	ST	D	0.03%
	MCO	A	0.03%
	FMC	D	0.03%
	BIO	F	0.03%
	OLN	F	0.03%
	MHK	C	0.03%
	SAIC	D	0.03%
	ZION	C	0.03%
	MAT	F	0.03%
	PYPL	F	0.03%
	MTN	D	0.03%
	ADC	B	0.03%
	SOFI	D	0.03%
	CMA	C	0.03%
	HR	B	0.03%
	ACHC	D	0.03%
	FYBR	B	0.03%
	ESI	B	0.03%
	HLI	A	0.03%
	FLS	C	0.03%
	FR	C	0.03%
	LFUS	C	0.03%
	WAL	C	0.03%
	CBSH	C	0.03%
	AGCO	F	0.03%
	DE	D	0.03%
	STAG	B	0.03%
	H	B	0.03%
	SCI	B	0.03%
	GME	C	0.03%
	OVV	C	0.03%
	RHI	F	0.03%
	SEIC	D	0.03%
	AA	C	0.03%
	DTM	A	0.03%
	LEA	F	0.03%
	BRX	B	0.03%
	BEN	D	0.03%
	CIEN	C	0.03%
	DAY	F	0.03%
	MIDD	F	0.03%
	AGNC	B	0.03%
	ARW	F	0.03%
	CTAS	B	0.03%
	AXTA	D	0.03%
	CRUS	A	0.03%
	MTZ	C	0.03%
	OSK	C	0.03%
	CR	B	0.03%
	KEX	B	0.03%
	BWXT	B	0.03%
	WBS	D	0.03%
	GL	C	0.03%
	BERY	D	0.03%
	VOYA	D	0.03%
	OGE	C	0.03%
	HSY	F	0.03%
	NOV	B	0.03%
	WCC	F	0.03%
	COLD	C	0.03%
	KNX	C	0.03%
	CLF	D	0.03%
	SOLV	F	0.03%
	A	D	0.03%
	SWN	D	0.03%
	WOLF	F	0.02%
	NXST	C	0.02%
	SPR	B	0.02%
	PLNT	B	0.02%
	LSXMK	D	0.02%
	LITE	B	0.02%
	JAZZ	F	0.02%
	MSGS	C	0.02%
	PRGO	F	0.02%
	IAC	D	0.02%
	RBA	B	0.02%
	MAN	F	0.02%
	CC	F	0.02%
	DXC	C	0.02%
	SLGN	D	0.02%
	CUZ	C	0.02%
	KMPR	C	0.02%
	CPRI	D	0.02%
	MSM	D	0.02%
	KRC	D	0.02%
	BYD	D	0.02%
	HUN	F	0.02%
	RGEN	D	0.02%
	ALNY	B	0.02%
	BR	C	0.02%
	AAP	F	0.02%
	PII	F	0.02%
	COLB	D	0.02%
	TER	B	0.02%
	WEX	D	0.02%
	BEPC	C	0.02%
	GPK	D	0.02%
	SITE	F	0.02%
	VVV	B	0.02%
	G	D	0.02%
	LAZ	C	0.02%
	OZK	D	0.02%
	FOX	A	0.02%
	FLO	D	0.02%
	HOG	D	0.02%
	THG	C	0.02%
	PSTG	B	0.02%
	RYN	D	0.02%
	EXPE	C	0.02%
	CCCS	D	0.02%
	RLI	D	0.02%
	JHG	B	0.02%
	CZR	C	0.02%
	WTM	B	0.02%
	DLB	D	0.02%
	IDA	C	0.02%
	VNO	B	0.02%
	BC	F	0.02%
	YUM	D	0.02%
	LBRDK	C	0.02%
	AAL	F	0.02%
	FNB	C	0.02%
	UGI	C	0.02%
	GFS	C	0.02%
	LNC	B	0.02%
	VFC	C	0.02%
	THO	D	0.02%
	WHR	C	0.02%
	AVT	C	0.02%
	AL	C	0.02%
	AN	D	0.02%
	TYL	A	0.02%
	NFG	D	0.02%
	BILL	F	0.02%
	ASH	D	0.02%
	EXAS	F	0.02%
	WLK	D	0.02%
	AES	D	0.02%
	ANSS	D	0.02%
	M	C	0.02%
	TKR	D	0.02%
	MDU	B	0.02%
	PB	C	0.02%
	AMG	C	0.02%
	BFAM	C	0.02%
	DCI	D	0.02%
	ALK	D	0.02%
	OGN	B	0.02%
	POST	C	0.02%
	R	B	0.02%
	HXL	F	0.02%
	HCP	A	0.01%
	HE	F	0.01%
	BIRK	B	0.01%
	HEI	B	0.01%
	LVS	F	0.01%
	KLG	F	0.01%
	SNDR	B	0.01%
	AMC	D	0.01%
	CNA	A	0.01%
	INFA	B	0.01%
	CAR	F	0.01%
	UAA	D	0.01%
	UA	D	0.01%
	VSTS	D	0.01%
	LSTR	B	0.01%
	PLUG	F	0.01%
	MP	F	0.01%
	MRCY	F	0.01%
	HEI	B	0.01%
	VSAT	F	0.01%
	LEG	F	0.01%
	FWONA	C	0.01%
	VYX	F	0.01%
	LSXMA	D	0.01%
	REYN	C	0.01%
	LLYVK	C	0.01%
	TDOC	F	0.01%
	ZI	F	0.01%
	QS	F	0.01%
	DOCS	B	0.01%
	HAYW	F	0.01%
	TNL	B	0.01%
	SIRI	F	0.01%
	ADT	B	0.01%
	CABO	F	0.01%
	CDW	D	0.01%
	NATL	B	0.01%
	LCID	F	0.01%
	QDEL	F	0.01%
	VIRT	C	0.01%
	RCM	B	0.01%
	IART	C	0.01%
	PHIN	D	0.01%
	TRIP	D	0.01%
	GO	D	0.01%
	FTRE	D	0.01%
	NCNO	C	0.01%
	TPG	D	0.01%
	CWEN	C	0.01%
	PINC	F	0.01%
	NYCB	F	0.01%
	CHRW	B	0.01%
	HHH	F	0.01%
	CHE	D	0.01%
	SEE	D	0.01%
	LAMR	A	0.01%
	EEFT	D	0.01%
	CRI	F	0.01%
	WU	D	0.01%
	ENOV	D	0.01%
	TNDM	D	0.01%
	KSS	D	0.01%
	BHF	D	0.01%
	DNB	D	0.01%
	BOKF	C	0.01%
	ICUI	B	0.01%
	IPGP	D	0.01%
	CLVT	D	0.01%
	JWN	B	0.01%
	AGR	C	0.01%
	NWL	F	0.01%
	CNXC	D	0.01%
	FHB	C	0.01%
	ZG	C	0.01%
	APA	D	0.01%
	PENN	C	0.01%
	RUN	D	0.01%
	HIW	B	0.01%
	SLM	C	0.01%
	NVST	F	0.01%
	IQV	F	0.01%
	CHD	C	0.01%
	U	F	0.01%
	MPW	F	0.01%
	KMB	B	0.01%
	COLM	D	0.01%
	RH	D	0.01%
	W	D	0.01%
	AMED	F	0.01%
	GTES	D	0.01%
	VAC	D	0.01%
	INCY	B	0.01%
	ETSY	F	0.01%
	EPR	B	0.01%
	CXT	B	0.01%
	PK	C	0.01%
	NSA	B	0.01%
	NWS	A	0.01%
	RNAC	C	0.0%
	AMBP	D	0.0%
	PLTK	F	0.0%
	UI	B	0.0%
	PARAA	D	0.0%
	IRDM	F	0.0%
	OLPX	D	0.0%
	ROIV	D	0.0%
	CART	F	0.0%
	AGL	D	0.0%
	SAM	C	0.0%
	MRVI	D	0.0%
	WOOF	C	0.0%
	NLOP	B	0.0%
	PYCR	F	0.0%
	HTZ	F	0.0%
	SHC	C	0.0%
	MCW	C	0.0%
	DBX	D	0.0%
	DNA	F	0.0%
	TFSL	C	0.0%
	LBRDA	C	0.0%
	TECH	D	0.0%
	LECO	D	0.0%
	SEB	D	0.0%
	LLYVA	C	0.0%
	LW	F	0.0%
	DRVN	D	0.0%
	ALLE	C	0.0%
	VSCO	F	0.0%
	CWEN	C	0.0%
	MTCH	F	0.0%
	SSRM	F	0.0%
	CAVA	B	0.0%
	CERT	D	0.0%

IWD Underweight 420 Positions Relative to VFMO

	Symbol	Grade	Weight
	META	B	-1.64%
	NVDA	B	-1.53%
	AVGO	C	-1.33%
	LLY	A	-1.28%
	ANET	A	-1.27%
	UBER	B	-1.21%
	NFLX	B	-1.2%
	CRWD	B	-1.02%
	APO	A	-0.98%
	NOW	B	-0.85%
	AMZN	B	-0.84%
	PANW	B	-0.78%
	GOOG	B	-0.75%
	SNPS	B	-0.64%
	CDNS	B	-0.64%
	ADBE	B	-0.61%
	KLAC	B	-0.6%
	LULU	F	-0.6%
	WDAY	D	-0.59%
	MSTR	C	-0.52%
	BKNG	A	-0.52%
	SMCI	C	-0.48%
	CMG	C	-0.45%
	DKNG	D	-0.42%
	DECK	B	-0.42%
	COST	B	-0.4%
	TJX	A	-0.4%
	GOOGL	B	-0.37%
	FIX	D	-0.37%
	SPOT	B	-0.36%
	MSFT	B	-0.34%
	SSD	F	-0.33%
	INTU	B	-0.33%
	SKYW	B	-0.32%
	VKTX	D	-0.31%
	CELH	F	-0.31%
	SFM	A	-0.28%
	AROC	C	-0.27%
	BRBR	C	-0.27%
	GFF	D	-0.27%
	PLTR	B	-0.26%
	CUBI	C	-0.25%
	HUBS	C	-0.24%
	BPMC	B	-0.24%
	BCC	F	-0.23%
	WFRD	C	-0.23%
	WING	A	-0.23%
	CYTK	D	-0.23%
	POWL	D	-0.22%
	GWW	D	-0.22%
	ELF	B	-0.22%
	PCVX	B	-0.22%
	ONTO	B	-0.22%
	NSIT	B	-0.21%
	LRN	B	-0.21%
	HLX	B	-0.21%
	MEDP	B	-0.21%
	MANH	B	-0.21%
	SFL	C	-0.21%
	OSCR	D	-0.21%
	VERA	D	-0.21%
	ESTC	B	-0.2%
	CLSK	C	-0.2%
	FN	B	-0.2%
	IESC	D	-0.2%
	ANF	B	-0.2%
	AIT	C	-0.19%
	BKD	C	-0.19%
	ARES	D	-0.19%
	APG	B	-0.19%
	BLBD	B	-0.19%
	LYFT	D	-0.19%
	CVNA	B	-0.19%
	TDW	C	-0.19%
	FICO	A	-0.19%
	SKWD	C	-0.19%
	BX	B	-0.19%
	AXON	C	-0.19%
	TMHC	C	-0.18%
	ALPN	F	-0.18%
	CRNX	C	-0.18%
	CPRT	C	-0.18%
	MCY	C	-0.18%
	AZZ	D	-0.18%
	TREX	F	-0.18%
	LBPH	B	-0.17%
	LNW	B	-0.17%
	RUSHA	F	-0.17%
	NAT	C	-0.17%
	NTRA	B	-0.17%
	MHO	C	-0.17%
	INVA	B	-0.17%
	CSWI	B	-0.17%
	GTLB	D	-0.17%
	CDRE	C	-0.16%
	ACLX	B	-0.16%
	TARS	D	-0.16%
	REVG	C	-0.16%
	ASPN	C	-0.16%
	SMMT	C	-0.16%
	SCCO	D	-0.16%
	HQY	A	-0.16%
	PSN	B	-0.16%
	AMRX	C	-0.15%
	IMVT	F	-0.15%
	LMB	B	-0.15%
	AMR	F	-0.15%
	MARA	B	-0.15%
	ZS	C	-0.15%
	NKTX	F	-0.15%
	MDB	F	-0.15%
	STRL	B	-0.15%
	MTH	D	-0.15%
	EWTX	C	-0.15%
	MOD	C	-0.15%
	COLL	D	-0.15%
	INSW	B	-0.14%
	EYPT	F	-0.14%
	ARDX	C	-0.14%
	TNK	B	-0.14%
	SPSC	C	-0.14%
	AMWD	F	-0.14%
	LPG	D	-0.14%
	RXST	C	-0.14%
	ALT	F	-0.13%
	LQDA	D	-0.13%
	NR	B	-0.13%
	ATGE	A	-0.13%
	RMBS	D	-0.13%
	ADMA	A	-0.13%
	ROAD	B	-0.13%
	CBZ	D	-0.13%
	NHC	A	-0.13%
	DHT	D	-0.13%
	NPO	D	-0.13%
	AGM	C	-0.13%
	XMTR	F	-0.13%
	ENSG	B	-0.13%
	EOLS	D	-0.13%
	HURN	C	-0.13%
	FOR	D	-0.13%
	PBF	D	-0.13%
	IDYA	F	-0.13%
	RYTM	C	-0.13%
	DFH	D	-0.13%
	HCC	D	-0.13%
	GPOR	D	-0.13%
	STC	C	-0.13%
	OLMA	C	-0.13%
	TNC	D	-0.12%
	HCI	D	-0.12%
	DVA	C	-0.12%
	GBX	D	-0.12%
	IPAR	D	-0.12%
	MGNX	F	-0.12%
	ACMR	D	-0.12%
	FBP	A	-0.12%
	MSGE	D	-0.12%
	ANIP	C	-0.12%
	HY	B	-0.12%
	WEAV	D	-0.12%
	NUVL	C	-0.12%
	IOVA	F	-0.12%
	HEES	D	-0.12%
	YMAB	D	-0.12%
	IRON	C	-0.12%
	KRYS	B	-0.12%
	SOUN	D	-0.12%
	JANX	D	-0.12%
	UTI	C	-0.12%
	ALXO	F	-0.11%
	OII	C	-0.11%
	GNW	D	-0.11%
	YELP	F	-0.11%
	INSM	B	-0.11%
	GIII	F	-0.11%
	CABA	F	-0.11%
	MATX	A	-0.11%
	ORIC	F	-0.11%
	SRRK	F	-0.11%
	PRIM	C	-0.11%
	DYN	B	-0.11%
	ITGR	C	-0.11%
	BAH	B	-0.11%
	SANA	F	-0.11%
	CMPR	C	-0.11%
	BBIO	F	-0.11%
	KALV	C	-0.1%
	ANDE	D	-0.1%
	PTGX	B	-0.1%
	COOP	C	-0.1%
	TDS	B	-0.1%
	QLYS	D	-0.1%
	KURA	C	-0.1%
	NBIX	C	-0.1%
	SXI	D	-0.1%
	SPNT	D	-0.1%
	OCUL	B	-0.1%
	JELD	D	-0.09%
	TK	B	-0.09%
	STNE	D	-0.09%
	PARR	D	-0.09%
	DVAX	F	-0.09%
	PETQ	B	-0.09%
	CCOI	D	-0.09%
	KROS	F	-0.09%
	WIRE	B	-0.09%
	OFG	C	-0.09%
	BELFB	B	-0.09%
	MLI	C	-0.09%
	DUOL	B	-0.09%
	WULF	B	-0.09%
	PCOR	D	-0.09%
	COKE	A	-0.09%
	UEC	D	-0.09%
	SWTX	D	-0.09%
	RXRX	D	-0.09%
	GRBK	B	-0.09%
	ACVA	C	-0.08%
	WTS	D	-0.08%
	ZEUS	F	-0.08%
	SCS	B	-0.08%
	XERS	B	-0.08%
	RDNT	B	-0.08%
	GMS	F	-0.08%
	CXW	D	-0.08%
	LAUR	C	-0.08%
	VSEC	B	-0.08%
	PRCT	D	-0.08%
	CHCO	B	-0.08%
	EU	F	-0.08%
	CRS	B	-0.08%
	INZY	F	-0.08%
	LXRX	D	-0.08%
	OPEN	F	-0.08%
	GEO	C	-0.08%
	FSLY	F	-0.08%
	FRSH	D	-0.08%
	LEU	F	-0.08%
	KOP	F	-0.08%
	APPF	B	-0.08%
	CRDO	B	-0.08%
	ACIC	D	-0.08%
	AMPH	F	-0.08%
	UVV	D	-0.08%
	ICFI	B	-0.08%
	MDXG	D	-0.08%
	QTRX	F	-0.08%
	KNSA	C	-0.08%
	GSHD	D	-0.08%
	CGEM	D	-0.08%
	RCKT	F	-0.08%
	RDN	B	-0.08%
	WINA	F	-0.08%
	PINS	B	-0.07%
	HOV	D	-0.07%
	DMRC	B	-0.07%
	CDLX	F	-0.07%
	VECO	B	-0.07%
	MRSN	F	-0.07%
	IT	B	-0.07%
	BGC	C	-0.07%
	CAL	D	-0.07%
	AEO	F	-0.07%
	NVRI	B	-0.07%
	STNG	B	-0.07%
	URGN	C	-0.07%
	SM	D	-0.07%
	HNI	C	-0.07%
	HWKN	A	-0.07%
	BASE	D	-0.07%
	ALKT	C	-0.07%
	CBOE	D	-0.07%
	CIFR	C	-0.07%
	GKOS	A	-0.07%
	ZIMV	B	-0.07%
	KTB	D	-0.07%
	REX	D	-0.07%
	NET	B	-0.07%
	JOE	C	-0.07%
	ITCI	C	-0.07%
	SPOK	D	-0.06%
	MLKN	C	-0.06%
	ACHR	F	-0.06%
	BLMN	F	-0.06%
	MTSI	A	-0.06%
	FSS	D	-0.06%
	MPWR	B	-0.06%
	FG	D	-0.06%
	ACA	D	-0.06%
	TPH	C	-0.06%
	DDOG	B	-0.06%
	INOD	B	-0.06%
	AUR	C	-0.06%
	BRZE	D	-0.06%
	DBRG	D	-0.06%
	RIOT	F	-0.06%
	WDFC	F	-0.06%
	VCEL	C	-0.06%
	PRDO	C	-0.06%
	INST	C	-0.06%
	TBBK	B	-0.06%
	ARCT	F	-0.06%
	TWST	B	-0.06%
	OSW	B	-0.06%
	MOG.A	C	-0.05%
	DDS	C	-0.05%
	IAS	C	-0.05%
	ALTR	B	-0.05%
	ROCK	F	-0.05%
	KRUS	F	-0.05%
	PWSC	B	-0.05%
	GLOB	D	-0.05%
	GOGL	C	-0.05%
	JXN	C	-0.05%
	VRNS	B	-0.05%
	CRC	B	-0.05%
	SHOO	B	-0.05%
	OSIS	C	-0.05%
	AGYS	A	-0.05%
	CRVL	C	-0.05%
	SQSP	A	-0.05%
	IBP	D	-0.05%
	MTRN	D	-0.05%
	CASH	B	-0.05%
	MRNS	F	-0.05%
	TGI	B	-0.05%
	HDSN	F	-0.05%
	MIRM	B	-0.05%
	ACAD	D	-0.05%
	FDMT	D	-0.05%
	ARVN	D	-0.05%
	TNET	F	-0.05%
	AXSM	B	-0.05%
	ACT	C	-0.05%
	LZB	B	-0.05%
	ARLO	B	-0.05%
	CECO	A	-0.05%
	NMRK	C	-0.05%
	PRO	D	-0.05%
	CPS	D	-0.05%
	AIR	A	-0.05%
	CHRD	C	-0.04%
	DPZ	B	-0.04%
	SEMR	D	-0.04%
	CNX	C	-0.04%
	URBN	C	-0.04%
	MYRG	F	-0.04%
	UFPT	B	-0.04%
	TTI	D	-0.04%
	MIR	B	-0.04%
	DXPE	D	-0.04%
	SIG	D	-0.04%
	INTA	B	-0.04%
	OSUR	F	-0.04%
	COUR	F	-0.04%
	UPWK	D	-0.04%
	CTS	B	-0.04%
	YETI	D	-0.04%
	NRDY	F	-0.04%
	AVAV	C	-0.04%
	PAR	B	-0.04%
	APLS	F	-0.04%
	DFIN	D	-0.04%
	WOR	F	-0.04%
	CCS	C	-0.04%
	AMK	B	-0.04%
	LOB	D	-0.04%
	RAMP	D	-0.04%
	THR	C	-0.04%
	PR	C	-0.04%
	STEP	A	-0.04%
	SXC	D	-0.04%
	KTOS	B	-0.04%
	KNSL	F	-0.04%
	VYGR	F	-0.04%
	BZH	F	-0.03%
	NABL	A	-0.03%
	CENT	F	-0.03%
	DT	F	-0.03%
	TEAM	D	-0.03%
	AMAL	A	-0.03%
	PRG	C	-0.03%
	GSAT	D	-0.03%
	LYTS	D	-0.03%
	PFSI	A	-0.03%
	EPAC	B	-0.03%
	GOLF	C	-0.03%
	WRLD	D	-0.03%
	CVRX	C	-0.03%
	NMIH	A	-0.03%
	DV	F	-0.03%
	PAGS	D	-0.03%
	MBIN	C	-0.03%
	DAKT	B	-0.03%
	PATK	C	-0.03%
	MITK	F	-0.03%
	GPI	D	-0.03%
	UPST	F	-0.03%
	PTVE	F	-0.03%
	CEIX	B	-0.02%
	JOBY	D	-0.02%
	ESE	C	-0.02%
	BTBT	B	-0.02%
	RRGB	D	-0.02%
	ARCH	F	-0.02%
	CNK	A	-0.02%
	SGH	B	-0.02%
	ASC	B	-0.02%
	IDCC	B	-0.02%
	UFPI	D	-0.02%
	UIS	D	-0.02%
	IRWD	F	-0.02%
	HVT	F	-0.02%
	NEO	D	-0.02%
	SPNS	B	-0.02%
	ATRO	B	-0.02%
	UVE	C	-0.02%
	CENTA	F	-0.01%
	APLD	C	-0.01%

IWD: Top Represented Industries & Keywords

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

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

VFMO: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Diversified Industrials Software - Infrastructure Information Technology Services Residential Construction Building Materials Engineering & Construction Insurance - Property & Casualty Aerospace & Defense Shipping & Ports Banks - Regional - US Asset Management Capital Markets Drug Manufacturers - Specialty & Generic Internet Content & Information Oil & Gas Equipment & Services Semiconductor Equipment & Materials Apparel Stores Business Services

Keywords: S&P 500 Computing Medicine Biopharmaceutical Nasdaq 100 Insurance IBD 50 Biotechnology Construction Cancer Aerospace Electronics Chemical Mining Homebuilder Semiconductor Bank Building Materials Cloud Computing Natural Gas