IWN vs. RNSC ETF Comparison

Comparison of iShares Russell 2000 Value ETF (IWN) to First Trust Small Cap US Equity Select ETF (RNSC)

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

$177.77

Average Daily Volume

918,967

Number of Holdings ^*

1383

* may have additional holdings in another (foreign) market

RNSC

First Trust Small Cap US Equity Select ETF

RNSC Description

The Small Cap US Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze Small Cap US Equity Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

Grade (RS Rating)

Last Trade

$32.19

Average Daily Volume

3,054

Number of Holdings ^*

302

* may have additional holdings in another (foreign) market

Performance

Period	IWN	RNSC
30 Days	7.53%	8.93%
60 Days	6.67%	6.65%
90 Days	6.64%	6.86%
12 Months	31.49%	24.26%

221 Overlapping Holdings

Symbol	Grade	Weight in IWN	Weight in RNSC	Overlap
AAT	B	0.1%	0.18%	0.1%
ABM	B	0.26%	0.28%	0.26%
ABR	C	0.18%	0.18%	0.18%
AGM	C	0.02%	0.21%	0.02%
AIN	C	0.14%	0.25%	0.14%
AKR	B	0.19%	0.19%	0.19%
ALEX	C	0.11%	0.18%	0.11%
ANDE	D	0.1%	0.18%	0.1%
APLE	B	0.26%	0.18%	0.18%
APOG	B	0.09%	0.32%	0.09%
ARI	C	0.1%	0.19%	0.1%
ASB	B	0.3%	0.23%	0.23%
AVA	A	0.22%	0.19%	0.19%
AWR	B	0.1%	0.19%	0.1%
AZZ	B	0.03%	0.28%	0.03%
B	B	0.16%	0.31%	0.16%
BANC	A	0.17%	0.2%	0.17%
BANF	B	0.16%	0.22%	0.16%
BANR	B	0.18%	0.23%	0.18%
BFH	B	0.18%	0.23%	0.18%
BGC	C	0.24%	0.22%	0.22%
BHE	B	0.12%	1.18%	0.12%
BHLB	B	0.09%	0.21%	0.09%
BKU	A	0.21%	0.21%	0.21%
BLMN	F	0.04%	0.25%	0.04%
BNL	D	0.24%	0.16%	0.16%
BOH	B	0.21%	0.23%	0.21%
BTU	B	0.25%	0.25%	0.25%
BUSE	B	0.11%	0.19%	0.11%
BXMT	C	0.23%	0.18%	0.18%
BY	B	0.08%	0.22%	0.08%
CABO	C	0.16%	0.63%	0.16%
CAL	D	0.05%	0.29%	0.05%
CALM	A	0.26%	0.24%	0.24%
CASH	A	0.1%	0.22%	0.1%
CATY	B	0.24%	0.22%	0.22%
CBU	B	0.25%	0.22%	0.22%
CCS	D	0.16%	0.27%	0.16%
CDP	C	0.25%	0.17%	0.17%
CEIX	A	0.27%	0.3%	0.27%
CHCO	B	0.13%	0.21%	0.13%
CMCO	B	0.08%	0.28%	0.08%
CMTG	F	0.04%	0.16%	0.04%
CNNE	B	0.09%	0.2%	0.09%
CNXN	C	0.06%	1.03%	0.06%
CODI	B	0.11%	0.19%	0.11%
CPK	A	0.21%	0.2%	0.2%
CRGY	B	0.11%	0.32%	0.11%
CRK	B	0.09%	0.31%	0.09%
CTS	C	0.03%	1.24%	0.03%
CVBF	A	0.22%	0.24%	0.22%
CVI	F	0.01%	0.21%	0.01%
CWT	D	0.16%	0.18%	0.16%
DAN	D	0.08%	0.24%	0.08%
DBRG	F	0.11%	0.16%	0.11%
DEA	D	0.09%	0.15%	0.09%
DEI	B	0.18%	0.18%	0.18%
DK	C	0.06%	0.25%	0.06%
DRH	B	0.14%	0.18%	0.14%
EBC	B	0.27%	0.21%	0.21%
EFSC	B	0.16%	0.21%	0.16%
EIG	B	0.09%	0.21%	0.09%
ELME	D	0.1%	0.16%	0.1%
EPC	D	0.13%	0.18%	0.13%
ESE	B	0.14%	0.31%	0.14%
ESRT	C	0.11%	0.17%	0.11%
FBK	B	0.15%	0.22%	0.15%
FBNC	A	0.13%	0.2%	0.13%
FBP	B	0.21%	0.18%	0.18%
FBRT	C	0.08%	0.18%	0.08%
FCF	A	0.14%	0.2%	0.14%
FCPT	C	0.19%	0.17%	0.17%
FDP	B	0.08%	0.21%	0.08%
FFBC	A	0.2%	0.21%	0.2%
FIBK	A	0.2%	0.2%	0.2%
FL	F	0.14%	0.28%	0.14%
FRME	B	0.19%	0.22%	0.19%
FULT	A	0.26%	0.22%	0.22%
GABC	B	0.1%	0.22%	0.1%
GBX	A	0.15%	0.35%	0.15%
GEF	A	0.13%	0.29%	0.13%
GEF	A	0.03%	0.29%	0.03%
GHC	C	0.22%	0.36%	0.22%
GNL	F	0.11%	0.15%	0.11%
GTY	B	0.11%	0.18%	0.11%
GVA	A	0.06%	0.33%	0.06%
HEES	B	0.01%	0.32%	0.01%
HI	C	0.11%	0.32%	0.11%
HLIO	B	0.04%	0.29%	0.04%
HMN	B	0.12%	0.22%	0.12%
HNI	B	0.1%	0.33%	0.1%
HOPE	B	0.11%	0.2%	0.11%
HTH	B	0.11%	0.19%	0.11%
HUBG	A	0.22%	0.3%	0.22%
HY	D	0.02%	0.23%	0.02%
IIPR	D	0.21%	0.14%	0.14%
IMKTA	C	0.07%	0.18%	0.07%
INDB	B	0.22%	0.23%	0.22%
INSW	F	0.12%	0.22%	0.12%
IOSP	B	0.03%	0.26%	0.03%
IVT	B	0.15%	0.19%	0.15%
JBGS	D	0.09%	0.15%	0.09%
JBT	B	0.25%	0.32%	0.25%
KALU	C	0.01%	0.28%	0.01%
KMT	B	0.17%	0.3%	0.17%
KNTK	B	0.15%	0.33%	0.15%
KW	B	0.09%	0.17%	0.09%
LADR	B	0.1%	0.19%	0.1%
LKFN	B	0.13%	0.21%	0.13%
LNN	B	0.05%	0.27%	0.05%
LOB	B	0.02%	0.19%	0.02%
LTC	B	0.12%	0.18%	0.12%
LXP	D	0.2%	0.16%	0.16%
LZB	B	0.13%	0.32%	0.13%
MAC	B	0.31%	0.19%	0.19%
MBIN	D	0.05%	0.16%	0.05%
MCY	A	0.13%	0.22%	0.13%
MGEE	C	0.16%	0.22%	0.16%
MLKN	D	0.12%	0.31%	0.12%
MMI	B	0.07%	0.18%	0.07%
MRTN	C	0.06%	0.26%	0.06%
MSEX	B	0.08%	0.19%	0.08%
MTRN	C	0.01%	0.26%	0.01%
MTX	B	0.19%	0.26%	0.19%
NAVI	C	0.09%	0.18%	0.09%
NBHC	B	0.13%	0.21%	0.13%
NBTB	B	0.16%	0.21%	0.16%
NHC	C	0.11%	2.67%	0.11%
NHI	D	0.24%	0.16%	0.16%
NIC	B	0.09%	0.22%	0.09%
NMRK	B	0.15%	0.17%	0.15%
NNI	D	0.12%	0.18%	0.12%
NPO	A	0.23%	0.29%	0.23%
NTST	D	0.07%	0.17%	0.07%
NWBI	B	0.13%	0.2%	0.13%
NWE	A	0.25%	0.18%	0.18%
NWN	A	0.11%	0.19%	0.11%
NX	C	0.1%	0.29%	0.1%
NXRT	B	0.08%	0.18%	0.08%
OFG	B	0.14%	0.18%	0.14%
OUT	A	0.12%	0.17%	0.12%
OXM	D	0.03%	0.28%	0.03%
PBI	B	0.04%	0.28%	0.04%
PCH	D	0.24%	0.16%	0.16%
PDCO	D	0.09%	2.59%	0.09%
PEB	D	0.11%	0.16%	0.11%
PEBO	A	0.09%	0.22%	0.09%
PFBC	B	0.07%	0.22%	0.07%
PFS	B	0.18%	0.21%	0.18%
PGRE	F	0.07%	0.17%	0.07%
PHIN	A	0.17%	0.37%	0.17%
PMT	D	0.08%	0.17%	0.08%
PPBI	B	0.19%	0.21%	0.19%
PRDO	B	0.12%	0.39%	0.12%
PRG	C	0.12%	0.31%	0.12%
PRIM	A	0.03%	0.37%	0.03%
PRK	B	0.21%	0.21%	0.21%
PSMT	C	0.06%	0.31%	0.06%
PTVE	B	0.03%	0.29%	0.03%
PZZA	D	0.03%	0.29%	0.03%
QCRH	A	0.11%	0.22%	0.11%
RC	D	0.08%	0.18%	0.08%
RES	D	0.04%	0.23%	0.04%
REVG	B	0.03%	0.29%	0.03%
RLJ	B	0.11%	0.18%	0.11%
RNST	B	0.16%	0.21%	0.16%
ROIC	A	0.16%	0.19%	0.16%
RRR	D	0.1%	0.3%	0.1%
SAFT	C	0.09%	0.19%	0.09%
SAH	A	0.05%	0.35%	0.05%
SASR	B	0.13%	0.22%	0.13%
SBCF	A	0.18%	0.21%	0.18%
SCL	C	0.1%	0.25%	0.1%
SCS	C	0.09%	0.31%	0.09%
SCVL	F	0.05%	0.25%	0.05%
SFNC	B	0.22%	0.21%	0.21%
SHEN	F	0.05%	0.51%	0.05%
SHO	C	0.15%	0.17%	0.15%
SJW	D	0.13%	0.18%	0.13%
SKT	B	0.17%	0.19%	0.17%
SLVM	B	0.17%	0.25%	0.17%
SRCE	B	0.09%	0.2%	0.09%
SSTK	F	0.01%	0.93%	0.01%
STBA	B	0.11%	0.19%	0.11%
STC	B	0.14%	0.18%	0.14%
STRA	C	0.16%	0.33%	0.16%
SXI	B	0.04%	0.3%	0.04%
SXT	B	0.01%	0.24%	0.01%
SYBT	B	0.14%	0.22%	0.14%
TCBK	B	0.11%	0.21%	0.11%
TDS	B	0.23%	0.75%	0.23%
TGNA	B	0.22%	0.36%	0.22%
TNC	D	0.07%	0.24%	0.07%
TOWN	B	0.18%	0.2%	0.18%
TRMK	B	0.16%	0.22%	0.16%
TRN	B	0.02%	0.29%	0.02%
UE	C	0.21%	0.19%	0.19%
ULH	B	0.02%	0.31%	0.02%
UMH	C	0.08%	0.17%	0.08%
UNF	B	0.22%	0.27%	0.22%
UTZ	D	0.02%	0.17%	0.02%
UVV	B	0.1%	0.2%	0.1%
VBTX	B	0.11%	0.21%	0.11%
VRE	B	0.11%	0.18%	0.11%
VRTS	B	0.02%	0.21%	0.02%
VSEC	C	0.11%	0.38%	0.11%
VSH	D	0.14%	0.9%	0.14%
WABC	B	0.11%	0.21%	0.11%
WAFD	B	0.18%	0.19%	0.18%
WERN	C	0.16%	0.28%	0.16%
WGO	C	0.13%	0.32%	0.13%
WINA	B	0.08%	0.33%	0.08%
WKC	D	0.11%	0.22%	0.11%
WMK	C	0.09%	0.19%	0.09%
WOR	F	0.01%	0.31%	0.01%
WS	B	0.1%	0.32%	0.1%
WSBC	B	0.16%	0.22%	0.16%
WSFS	A	0.24%	0.21%	0.21%
WTTR	B	0.09%	0.31%	0.09%
XHR	B	0.11%	0.18%	0.11%
XRX	F	0.07%	0.9%	0.07%

IWN Overweight 1162 Positions Relative to RNSC

Symbol	Grade	Weight
LUMN	C	0.63%
SSB	B	0.59%
JXN	C	0.54%
TMHC	B	0.53%
CMC	B	0.5%
ONB	B	0.49%
MTH	D	0.47%
GBCI	B	0.47%
CADE	B	0.46%
ESNT	D	0.43%
KRG	B	0.43%
HOMB	A	0.43%
SUM	B	0.43%
EPRT	B	0.42%
TRNO	F	0.42%
UBSI	B	0.41%
CNX	A	0.41%
ALTM	C	0.41%
GATX	A	0.4%
MATX	C	0.4%
GPI	A	0.4%
UMBF	B	0.4%
CYTK	F	0.38%
ABG	B	0.38%
RDN	C	0.38%
SLG	B	0.37%
HWC	B	0.37%
ACA	A	0.36%
NJR	A	0.35%
VLY	B	0.35%
IRT	A	0.35%
POR	C	0.35%
MUR	D	0.35%
AVNT	B	0.34%
SWX	B	0.34%
SKYW	B	0.33%
ABCB	B	0.33%
KBH	D	0.33%
CTRE	D	0.32%
BKH	A	0.32%
TXNM	A	0.31%
ESGR	B	0.31%
SBRA	C	0.31%
OGS	A	0.31%
ORA	B	0.31%
TCBI	B	0.3%
PBH	A	0.3%
PECO	A	0.3%
SM	B	0.3%
SANM	B	0.3%
MHO	D	0.3%
CNO	A	0.3%
SIG	B	0.3%
CRC	A	0.29%
IBOC	A	0.29%
KFY	B	0.29%
COOP	B	0.29%
PRMB	A	0.29%
REZI	A	0.28%
NOG	A	0.28%
SR	A	0.28%
AX	A	0.28%
AUB	B	0.27%
RUSHA	C	0.27%
UCB	A	0.27%
ALE	A	0.27%
ICUI	D	0.26%
HCC	B	0.25%
UFPI	B	0.25%
SFBS	B	0.25%
TEX	D	0.25%
HL	D	0.24%
ASTS	D	0.24%
HP	B	0.24%
ALIT	C	0.24%
GEO	B	0.24%
RIG	D	0.23%
ASGN	F	0.23%
PTEN	C	0.23%
HASI	D	0.23%
NEOG	F	0.23%
PBF	D	0.23%
FUL	F	0.22%
AGIO	C	0.22%
RIOT	C	0.22%
GNW	A	0.22%
HTLF	B	0.21%
ARCH	B	0.21%
BCC	B	0.21%
PLXS	B	0.21%
RVMD	C	0.21%
LIVN	F	0.2%
ATGE	B	0.2%
SYNA	C	0.2%
FLG	C	0.2%
TPH	D	0.2%
SKY	A	0.2%
NMIH	D	0.2%
VCYT	B	0.2%
SATS	D	0.2%
STNG	F	0.19%
LBRT	D	0.19%
VSTO	A	0.19%
ENVA	B	0.19%
MIR	A	0.19%
GT	C	0.19%
CDE	D	0.18%
SNEX	B	0.18%
ASO	F	0.18%
ZD	B	0.18%
CURB	D	0.17%
IBTX	B	0.17%
TTMI	B	0.17%
CXW	B	0.17%
KAR	B	0.16%
MBC	D	0.16%
AUR	C	0.16%
MRCY	B	0.16%
RUN	F	0.16%
VIAV	B	0.16%
DIOD	D	0.16%
JBLU	F	0.16%
VSCO	B	0.16%
BDC	B	0.16%
AHR	A	0.16%
KTOS	B	0.15%
OPCH	D	0.15%
OI	C	0.15%
LGIH	D	0.15%
HUT	B	0.15%
OMCL	C	0.15%
OTTR	C	0.14%
CWK	B	0.14%
STR	B	0.14%
LGND	B	0.14%
IGT	F	0.14%
ROG	D	0.14%
HLMN	B	0.13%
URBN	C	0.13%
SGRY	F	0.13%
NEO	C	0.13%
ADNT	F	0.13%
NTB	B	0.13%
AIR	B	0.13%
BEAM	D	0.13%
AKRO	B	0.12%
KN	B	0.12%
CUBI	B	0.12%
PRM	C	0.12%
NE	C	0.12%
LC	A	0.12%
SUPN	C	0.12%
TALO	C	0.12%
HE	C	0.12%
VRNT	C	0.11%
STEL	A	0.11%
HELE	C	0.11%
AMC	C	0.11%
NTCT	C	0.11%
DNOW	B	0.11%
IART	C	0.11%
THS	D	0.11%
GRBK	D	0.11%
TVTX	B	0.1%
TILE	B	0.1%
TROX	D	0.1%
TDOC	C	0.1%
TGI	B	0.1%
DNLI	D	0.1%
ITGR	B	0.1%
NTLA	F	0.1%
UNIT	B	0.1%
NXT	C	0.1%
MYGN	F	0.1%
FOXF	F	0.1%
CENTA	C	0.1%
SPNT	A	0.1%
SBH	C	0.1%
AMWD	C	0.1%
LTH	C	0.1%
SKWD	A	0.1%
ECPG	B	0.09%
CIM	D	0.09%
DCOM	A	0.09%
MD	B	0.09%
PDM	D	0.09%
XPRO	F	0.09%
ALGT	B	0.09%
TWO	D	0.09%
TPC	C	0.09%
MODG	F	0.09%
OCFC	B	0.09%
GIII	D	0.09%
CARS	B	0.09%
SCSC	B	0.09%
ADUS	D	0.09%
BBIO	F	0.09%
PFSI	D	0.09%
SEM	B	0.09%
PLUG	F	0.09%
UNFI	A	0.09%
DLX	B	0.08%
SBSI	B	0.08%
OBK	B	0.08%
TRS	B	0.08%
SXC	A	0.08%
IRON	B	0.08%
MARA	C	0.08%
DBD	C	0.08%
PFC	A	0.08%
SAFE	D	0.08%
MSGE	F	0.08%
BRKL	B	0.08%
FUN	C	0.08%
PCT	C	0.08%
VAL	D	0.08%
SABR	C	0.08%
FBMS	B	0.08%
DGII	B	0.08%
CSR	B	0.08%
ROCK	C	0.08%
ATSG	B	0.08%
MRC	B	0.08%
MFA	D	0.08%
HLX	B	0.08%
COHU	C	0.08%
VTLE	C	0.07%
THR	B	0.07%
WLY	B	0.07%
PRAA	C	0.07%
VTOL	B	0.07%
DCO	C	0.07%
SIGI	C	0.07%
VSAT	F	0.07%
EXTR	B	0.07%
SYRE	F	0.07%
ARR	D	0.07%
HSII	B	0.07%
DX	B	0.07%
BV	B	0.07%
RWT	D	0.07%
BHRB	B	0.07%
UTL	B	0.07%
INVA	D	0.07%
CTBI	B	0.07%
ECVT	C	0.07%
UVSP	B	0.07%
PRLB	A	0.07%
WD	D	0.07%
VMEO	B	0.07%
PLAB	C	0.07%
SFL	D	0.07%
OPEN	D	0.07%
CNOB	B	0.07%
BZH	B	0.07%
FMBH	B	0.07%
TMP	B	0.07%
PARR	D	0.07%
AAOI	B	0.07%
GPOR	B	0.07%
BFC	B	0.07%
ACT	D	0.07%
BXC	B	0.07%
EFC	C	0.07%
AMBA	B	0.07%
NVEE	F	0.07%
ASIX	A	0.06%
SITC	D	0.06%
FLR	B	0.06%
ORRF	B	0.06%
CPF	A	0.06%
HAYN	C	0.06%
EMBC	C	0.06%
GLDD	B	0.06%
BELFB	D	0.06%
MLI	C	0.06%
DXPE	B	0.06%
HOV	D	0.06%
OMI	F	0.06%
MBWM	B	0.06%
NBBK	B	0.06%
CFB	B	0.06%
FCBC	B	0.06%
EYE	C	0.06%
IBCP	B	0.06%
OSBC	A	0.06%
MBUU	C	0.06%
LILAK	D	0.06%
BRSP	B	0.06%
LGF.A	C	0.06%
CDNA	D	0.06%
WNC	C	0.06%
ASTE	B	0.06%
EGBN	B	0.06%
HBNC	B	0.06%
HCSG	C	0.06%
CFFN	B	0.06%
AVNS	F	0.06%
ZYME	C	0.06%
PRA	C	0.06%
CBRL	C	0.06%
FIP	D	0.06%
MNRO	D	0.06%
FWRD	D	0.06%
HFWA	B	0.06%
COMM	D	0.06%
BDN	C	0.06%
ODP	F	0.06%
ARIS	B	0.05%
SMBK	B	0.05%
CNDT	C	0.05%
PL	A	0.05%
HZO	D	0.05%
IAS	C	0.05%
SMBC	B	0.05%
HTBK	A	0.05%
GERN	D	0.05%
HAIN	C	0.05%
ASPN	F	0.05%
ETD	C	0.05%
MATV	D	0.05%
INN	D	0.05%
TRST	B	0.05%
AMSF	B	0.05%
PGC	C	0.05%
REPL	B	0.05%
ETNB	C	0.05%
AOSL	C	0.05%
AIV	C	0.05%
RBCAA	B	0.05%
PUMP	B	0.05%
AHH	D	0.05%
GPRE	F	0.05%
GDEN	B	0.05%
AMAL	B	0.05%
VTS	A	0.05%
NTGR	B	0.05%
SMP	B	0.05%
BMBL	D	0.05%
MCB	B	0.05%
MLR	B	0.05%
ICHR	C	0.05%
BFST	C	0.05%
WASH	C	0.05%
PLUS	F	0.05%
VVX	C	0.05%
PCRX	C	0.05%
MATW	C	0.05%
RYI	C	0.05%
GCI	D	0.05%
AEO	F	0.05%
NBN	B	0.05%
AMTB	B	0.05%
PLRX	F	0.05%
RPAY	D	0.05%
VIR	D	0.05%
EQBK	A	0.05%
WSR	A	0.05%
HAFC	A	0.05%
CTKB	C	0.05%
SWI	B	0.05%
PTCT	B	0.05%
HG	C	0.05%
CAC	B	0.05%
CNK	B	0.05%
AXL	C	0.05%
FG	B	0.05%
KOP	C	0.05%
XNCR	B	0.05%
GNK	D	0.05%
PLYM	F	0.05%
WGS	B	0.05%
NUVB	C	0.04%
CLBK	B	0.04%
LAUR	A	0.04%
FFIC	B	0.04%
NCMI	C	0.04%
LGF.A	C	0.04%
GDOT	D	0.04%
CCO	C	0.04%
SEI	A	0.04%
RUSHB	B	0.04%
EGY	D	0.04%
EVRI	A	0.04%
MPB	B	0.04%
CSTL	D	0.04%
CRGX	F	0.04%
NRIM	A	0.04%
FOR	F	0.04%
EE	A	0.04%
HPP	F	0.04%
KREF	D	0.04%
INDI	C	0.04%
HSTM	B	0.04%
AVO	C	0.04%
UIS	B	0.04%
MOFG	A	0.04%
RLAY	F	0.04%
HONE	B	0.04%
AMRK	F	0.04%
HTZ	C	0.04%
CMP	C	0.04%
FA	C	0.04%
CVLT	B	0.04%
VREX	C	0.04%
DNTH	F	0.04%
ITRI	B	0.04%
WLDN	D	0.04%
STGW	B	0.04%
TRTX	B	0.04%
LFST	C	0.04%
GMRE	F	0.04%
VICR	B	0.04%
CCBG	B	0.04%
KGS	B	0.04%
OPK	C	0.04%
AMBC	C	0.04%
IIIV	C	0.04%
UFCS	B	0.04%
NYMT	C	0.04%
EBF	F	0.04%
NFBK	B	0.04%
FPI	B	0.04%
SWBI	C	0.04%
INVX	C	0.04%
MCS	B	0.04%
AMRC	F	0.04%
NVRI	F	0.04%
AHCO	F	0.04%
MSBI	B	0.04%
FSBC	B	0.04%
DHC	F	0.04%
ACCO	C	0.04%
GSBC	B	0.04%
EAT	A	0.04%
REX	D	0.04%
HIPO	A	0.04%
DFIN	D	0.04%
AIOT	B	0.04%
SCHL	D	0.04%
ORC	B	0.04%
WLFC	B	0.04%
JELD	F	0.04%
THFF	B	0.04%
AROW	B	0.04%
BHB	B	0.04%
NR	B	0.04%
FMNB	B	0.04%
MDXG	B	0.04%
ADPT	C	0.04%
TRML	D	0.04%
GOOD	B	0.04%
PSFE	F	0.04%
PAYO	A	0.04%
ANNX	F	0.04%
ATRC	C	0.04%
CCNE	B	0.04%
NAPA	B	0.04%
HTBI	B	0.04%
RYAM	C	0.04%
NAT	F	0.04%
CORZ	B	0.04%
FIGS	F	0.04%
SPTN	D	0.04%
ETWO	F	0.04%
OFIX	B	0.04%
ADTN	A	0.04%
MCBS	B	0.04%
CGON	F	0.04%
MTUS	C	0.04%
ITIC	B	0.03%
CIVB	B	0.03%
TBPH	C	0.03%
CLFD	D	0.03%
LGTY	D	0.03%
SFST	B	0.03%
SLRN	F	0.03%
FFWM	C	0.03%
HNST	B	0.03%
CWBC	B	0.03%
RMR	F	0.03%
TWI	F	0.03%
QTRX	F	0.03%
HYLN	A	0.03%
MLAB	D	0.03%
TRUE	B	0.03%
MXCT	D	0.03%
CNSL	C	0.03%
ZUMZ	C	0.03%
FLGT	F	0.03%
OLO	B	0.03%
RBBN	C	0.03%
MGY	A	0.03%
UNTY	B	0.03%
TCMD	A	0.03%
LAB	F	0.03%
MTW	C	0.03%
BE	B	0.03%
HBCP	B	0.03%
SD	D	0.03%
XPER	D	0.03%
ACRE	C	0.03%
PFIS	A	0.03%
ZIMV	D	0.03%
EBTC	B	0.03%
CVGW	D	0.03%
NECB	B	0.03%
KIDS	D	0.03%
PAHC	C	0.03%
NUS	D	0.03%
USAP	B	0.03%
DDD	D	0.03%
LXFR	C	0.03%
IRWD	F	0.03%
CVLG	C	0.03%
LAND	F	0.03%
NPK	B	0.03%
FBIZ	B	0.03%
HOUS	D	0.03%
ZEUS	C	0.03%
GTN	F	0.03%
ORIC	F	0.03%
ACNB	B	0.03%
WTBA	B	0.03%
GLRE	B	0.03%
FRPH	A	0.03%
TCBX	A	0.03%
FUBO	F	0.03%
HCAT	D	0.03%
CIFR	B	0.03%
NOVA	F	0.03%
AVXL	B	0.03%
IVR	F	0.03%
CLW	F	0.03%
LINC	B	0.03%
MNKD	C	0.03%
PGY	F	0.03%
LENZ	B	0.03%
NWPX	A	0.03%
BSRR	B	0.03%
KIND	C	0.03%
FMAO	B	0.03%
BCAL	B	0.03%
BALY	C	0.03%
BECN	B	0.03%
PACB	F	0.03%
AURA	D	0.03%
CTO	B	0.03%
LMNR	B	0.03%
FISI	A	0.03%
GMS	B	0.03%
CMPR	D	0.03%
RGNX	F	0.03%
CARE	C	0.03%
BMRC	B	0.03%
CLDT	B	0.03%
SHYF	C	0.03%
TK	D	0.03%
TRDA	B	0.03%
EVGO	C	0.03%
LXU	B	0.03%
CLNE	D	0.03%
RBB	B	0.03%
LASR	D	0.03%
YORW	D	0.03%
TIPT	B	0.03%
SHBI	A	0.03%
SVC	F	0.03%
HIFS	B	0.03%
KELYA	F	0.03%
NBR	C	0.03%
CALX	D	0.03%
USNA	C	0.03%
RGR	F	0.03%
CCSI	C	0.03%
NRIX	D	0.03%
DAKT	B	0.03%
WAY	B	0.03%
KE	C	0.03%
RDUS	C	0.03%
ALRS	D	0.03%
ATRO	D	0.03%
PKST	D	0.03%
ERAS	C	0.03%
LPG	F	0.03%
NLOP	C	0.03%
DIN	C	0.03%
ARKO	C	0.03%
FARO	B	0.03%
CHCT	C	0.03%
KRNY	B	0.03%
SPFI	B	0.03%
UVE	B	0.03%
OLP	B	0.03%
BGS	F	0.03%
ORN	C	0.02%
GENC	B	0.02%
GSAT	C	0.02%
HPK	B	0.02%
LOVE	B	0.02%
OVLY	A	0.02%
BCBP	A	0.02%
ADEA	D	0.02%
ONIT	B	0.02%
TBI	F	0.02%
KRRO	C	0.02%
LCNB	A	0.02%
DBI	F	0.02%
TFIN	A	0.02%
LESL	C	0.02%
HMST	D	0.02%
BWFG	A	0.02%
INBK	B	0.02%
BHR	B	0.02%
PYXS	D	0.02%
UTMD	F	0.02%
NGS	B	0.02%
CBL	A	0.02%
JAKK	C	0.02%
EDIT	F	0.02%
LE	D	0.02%
ITOS	F	0.02%
PINE	C	0.02%
MBCN	B	0.02%
HDSN	F	0.02%
ONL	C	0.02%
GDYN	B	0.02%
MGNI	A	0.02%
IHRT	C	0.02%
BRT	B	0.02%
CYH	F	0.02%
DJCO	B	0.02%
FVCB	B	0.02%
REI	D	0.02%
FREY	B	0.02%
SWIM	C	0.02%
BRY	F	0.02%
AMRX	C	0.02%
DH	D	0.02%
PHAT	F	0.02%
NWFL	C	0.02%
VECO	F	0.02%
RNGR	B	0.02%
IDT	B	0.02%
GCO	B	0.02%
RM	D	0.02%
STRO	F	0.02%
ISTR	B	0.02%
NVAX	F	0.02%
RLGT	A	0.02%
ONEW	D	0.02%
WEYS	C	0.02%
PCYO	B	0.02%
AQST	D	0.02%
THRD	D	0.02%
CDXS	B	0.02%
CRMT	C	0.02%
MLNK	B	0.02%
PCB	A	0.02%
OLPX	D	0.02%
INGN	C	0.02%
DGICA	A	0.02%
PRTA	F	0.02%
OMER	A	0.02%
CPS	C	0.02%
ILPT	D	0.02%
ORGO	B	0.02%
BLFY	B	0.02%
EYPT	F	0.02%
TSBK	B	0.02%
ALT	C	0.02%
AVIR	D	0.02%
FSTR	B	0.02%
CRSR	C	0.02%
PDLB	B	0.02%
CCCC	F	0.02%
KRO	D	0.02%
NGVC	A	0.02%
AORT	B	0.02%
MLYS	F	0.02%
ODC	C	0.02%
MVBF	B	0.02%
VPG	D	0.02%
ANGO	D	0.02%
PLBC	A	0.02%
IMMR	C	0.02%
NPWR	B	0.02%
FDBC	C	0.02%
MQ	F	0.02%
WSBF	C	0.02%
HLF	C	0.02%
AMPY	B	0.02%
WOW	B	0.02%
APEI	B	0.02%
VYGR	F	0.02%
PKBK	A	0.02%
APLD	A	0.02%
REFI	A	0.02%
SNBR	F	0.02%
FLXS	B	0.02%
FRST	B	0.02%
OLMA	F	0.02%
VLGEA	B	0.02%
BVS	D	0.02%
OSUR	F	0.02%
SMRT	F	0.02%
RGP	F	0.02%
MBI	B	0.02%
ATLC	B	0.02%
HRTG	C	0.02%
OOMA	B	0.02%
BYON	F	0.02%
CBNK	B	0.02%
VNDA	C	0.02%
CLDX	F	0.02%
SAGE	F	0.02%
GOGO	C	0.02%
RRBI	A	0.02%
PACK	B	0.02%
KODK	B	0.02%
LEU	C	0.02%
ESPR	C	0.02%
AMPS	C	0.02%
ALLO	F	0.02%
MOV	C	0.02%
LEGH	D	0.02%
PKOH	B	0.02%
CWCO	C	0.02%
AUPH	B	0.02%
ACMR	F	0.02%
CZFS	B	0.02%
AMCX	C	0.02%
TITN	C	0.02%
ANIP	F	0.02%
IPI	B	0.02%
ZWS	B	0.02%
COFS	A	0.02%
SPOK	C	0.02%
AVBP	C	0.02%
IIIN	C	0.02%
PLPC	B	0.02%
OUST	C	0.02%
CBAN	B	0.02%
FLIC	B	0.02%
CZNC	B	0.02%
GNTY	A	0.02%
SSBK	B	0.02%
OBT	C	0.02%
JMSB	C	0.02%
BCML	A	0.02%
OABI	F	0.02%
FNLC	B	0.02%
GLUE	C	0.02%
ENS	D	0.02%
FSBW	B	0.02%
BWB	B	0.02%
DVAX	C	0.02%
CCRN	F	0.02%
HVT	D	0.02%
SENEA	B	0.02%
LOCO	D	0.02%
ALNT	C	0.02%
BJRI	B	0.02%
SNCY	C	0.02%
CENT	C	0.02%
LMND	B	0.02%
MEI	D	0.02%
BOC	C	0.02%
FRBA	C	0.02%
FNKO	D	0.02%
APLT	B	0.02%
OIS	C	0.02%
EHAB	D	0.02%
MTRX	B	0.02%
DCGO	C	0.02%
LUNR	B	0.02%
SLQT	C	0.02%
ADV	D	0.02%
TERN	F	0.02%
HNRG	B	0.02%
VRDN	D	0.02%
REPX	A	0.02%
AKBA	C	0.02%
SFIX	B	0.02%
HBT	B	0.02%
HTLD	B	0.02%
GRNT	B	0.02%
VERV	F	0.02%
MCFT	B	0.02%
NEWT	B	0.02%
WOOF	D	0.02%
TRC	F	0.02%
SIGA	F	0.01%
LXRX	F	0.01%
PFMT	D	0.01%
TRVI	D	0.01%
ULBI	F	0.01%
QBTS	B	0.01%
EEX	C	0.01%
INBX	F	0.01%
EVCM	B	0.01%
ARHS	F	0.01%
SKYE	F	0.01%
HLLY	D	0.01%
PBYI	C	0.01%
SVRA	D	0.01%
TUSK	D	0.01%
LFMD	D	0.01%
ESQ	A	0.01%
DHIL	A	0.01%
DAWN	F	0.01%
GBIO	F	0.01%
FHTX	D	0.01%
NNE	B	0.01%
ADCT	F	0.01%
WALD	F	0.01%
TNYA	C	0.01%
CAPR	C	0.01%
AOMR	D	0.01%
QSI	C	0.01%
CVGI	F	0.01%
SUNS	C	0.01%
OBIO	C	0.01%
BLNK	F	0.01%
RAPP	C	0.01%
MGTX	C	0.01%
CATX	F	0.01%
CGEM	F	0.01%
BLFS	C	0.01%
DIBS	F	0.01%
RMBL	C	0.01%
ACRV	F	0.01%
RIGL	B	0.01%
MVIS	F	0.01%
AEVA	C	0.01%
SMMT	D	0.01%
GCMG	B	0.01%
UHT	D	0.01%
MODV	C	0.01%
GYRE	F	0.01%
CPSS	B	0.01%
PLOW	D	0.01%
WBTN	C	0.01%
XOMA	C	0.01%
CEVA	B	0.01%
GRPN	F	0.01%
CTOS	C	0.01%
PGEN	F	0.01%
DENN	D	0.01%
TTEC	F	0.01%
AVAH	B	0.01%
URGN	F	0.01%
ABOS	F	0.01%
RCKY	F	0.01%
RMNI	C	0.01%
FRGE	F	0.01%
GRWG	F	0.01%
TPIC	F	0.01%
CABA	F	0.01%
SIBN	F	0.01%
QUAD	C	0.01%
FCEL	B	0.01%
CCB	A	0.01%
COOK	D	0.01%
PAL	F	0.01%
CASS	B	0.01%
NAUT	D	0.01%
POWW	F	0.01%
MCW	B	0.01%
FULC	F	0.01%
SLDB	F	0.01%
SBT	C	0.01%
CTRN	D	0.01%
CTGO	D	0.01%
VTYX	F	0.01%
BBSI	B	0.01%
HEAR	C	0.01%
SSP	F	0.01%
III	C	0.01%
BOOM	F	0.01%
SEZL	B	0.01%
INO	F	0.01%
GNE	D	0.01%
NC	B	0.01%
BKSY	C	0.01%
SAVE	D	0.01%
SPCE	D	0.01%
CMT	D	0.01%
REAL	A	0.01%
MRSN	D	0.01%
CSV	B	0.01%
MYFW	B	0.01%
PTLO	F	0.01%
EPM	A	0.01%
HRTX	F	0.01%
TTSH	D	0.01%
CLAR	D	0.01%
TWIN	F	0.01%
PX	A	0.01%
TBBK	B	0.01%
APPS	F	0.01%
NODK	A	0.01%
VRA	F	0.01%
BBCP	C	0.01%
HFFG	C	0.01%
PNRG	B	0.01%
PEBK	B	0.01%
EVC	C	0.01%
XBIT	F	0.01%
WULF	C	0.01%
CRNC	C	0.01%
ESCA	C	0.01%
CMPX	F	0.01%
FF	D	0.01%
STRS	B	0.01%
NREF	A	0.01%
ADVM	F	0.01%
OSIS	B	0.01%
NKTX	F	0.01%
PSTX	D	0.01%
PBFS	B	0.01%
PRKS	C	0.01%
EML	D	0.01%
MHLD	C	0.01%
ACDC	C	0.01%
ATOS	F	0.01%
FLL	D	0.01%
AMTX	C	0.01%
LFCR	B	0.01%
LIND	C	0.01%
DXLG	F	0.01%
JRVR	F	0.01%
AVD	D	0.01%
SMHI	F	0.01%
LNKB	B	0.01%
NATR	C	0.01%
JOUT	D	0.01%
GBTG	A	0.01%
NRGV	C	0.01%
PLL	C	0.01%
BKD	D	0.01%
CON	C	0.01%
MYPS	C	0.01%
BH	B	0.01%
GEOS	C	0.01%
ALTI	D	0.01%
IBRX	C	0.01%
FLWS	F	0.01%
RSVR	A	0.01%
FDMT	F	0.01%
FFNW	C	0.01%
PKE	B	0.01%
VIRC	B	0.01%
GPRO	F	0.01%
AFCG	D	0.01%
STHO	F	0.01%
SLDP	F	0.01%
INZY	F	0.01%
RGCO	C	0.01%
PAR	B	0.01%
LYTS	B	0.01%
BELFA	D	0.01%
NVRO	F	0.01%
TPB	B	0.01%
AVNW	F	0.01%
WVE	C	0.01%
CTV	A	0.01%
RXT	C	0.01%
ARQ	B	0.01%
NGNE	F	0.01%
RDW	B	0.01%
ATLO	D	0.01%
FET	D	0.01%
ACCD	D	0.01%
CRBU	F	0.01%
HBB	F	0.01%
PVBC	B	0.01%
SONO	C	0.01%
ALCO	D	0.01%
FSLY	D	0.01%
GPMT	C	0.01%
IBEX	B	0.01%
SRI	F	0.01%
SAMG	B	0.01%
LSEA	D	0.01%
IRBT	F	0.01%
ZVRA	A	0.01%
CHGG	D	0.01%
CHMG	B	0.01%
MFIN	C	0.01%
ACTG	D	0.01%
EU	D	0.01%
HOFT	C	0.01%
BLDE	D	0.01%
DSGN	C	0.01%
RELL	B	0.01%
TSVT	F	0.01%
USCB	B	0.01%
ONTF	C	0.01%
LYEL	F	0.01%
MITT	D	0.01%
NNBR	C	0.01%
ESSA	B	0.01%
ALDX	D	0.01%
ANIK	F	0.01%
BOW	A	0.01%
TLS	F	0.01%
ACIC	B	0.01%
NXDT	D	0.01%
PSTL	D	0.01%
SGC	C	0.01%
SRDX	B	0.01%
SEVN	D	0.01%
KOD	C	0.01%
ENTA	F	0.01%
MEC	D	0.01%
BSVN	B	0.01%
FSP	C	0.01%
NVTS	D	0.01%
MG	D	0.01%
PTON	B	0.01%
MED	F	0.01%
CHPT	F	0.01%
NKSH	B	0.01%
BARK	B	0.01%
RICK	C	0.01%
FORR	D	0.01%
ZNTL	F	0.01%
TG	D	0.01%
RGTI	C	0.01%
CIO	D	0.01%
NKTR	F	0.01%
BPRN	C	0.01%
VEL	A	0.01%
PANL	F	0.01%
ASUR	C	0.01%
RMAX	C	0.01%
SRRK	B	0.01%
ASLE	C	0.01%
QTTB	F	0.01%
FATE	F	0.01%
LILA	D	0.01%
OB	C	0.01%
VYX	B	0.01%
VABK	C	0.01%
ATNI	F	0.01%
CDT	F	0.0%
SMXT	C	0.0%
MGX	F	0.0%
MOND	F	0.0%
TELO	F	0.0%
LVO	D	0.0%
RENB	F	0.0%
PEPG	F	0.0%
BOLD	F	0.0%
BTMD	C	0.0%
REKR	F	0.0%
LXEO	F	0.0%
SVCO	F	0.0%
ELEV	D	0.0%
IGMS	F	0.0%
EWCZ	F	0.0%
RDZN	F	0.0%
ARAY	D	0.0%
EVI	C	0.0%
SSTI	C	0.0%
HQI	B	0.0%
JILL	C	0.0%
STXS	C	0.0%
PRLD	F	0.0%
BRCC	F	0.0%
DTI	F	0.0%
AKA	D	0.0%
MLP	C	0.0%
STTK	F	0.0%
CLPR	D	0.0%
TVGN	D	0.0%
ARL	D	0.0%
VERU	F	0.0%
CELC	F	0.0%
MKTW	F	0.0%
GALT	C	0.0%
GUTS	F	0.0%
MRAM	D	0.0%
DMRC	C	0.0%
VCSA	D	0.0%
KYTX	F	0.0%
CTLP	B	0.0%
BAER	D	0.0%
DTC	F	0.0%
GOEV	F	0.0%
ABUS	D	0.0%
SES	F	0.0%
BDTX	F	0.0%
OPAD	C	0.0%
OTLK	F	0.0%
SLND	F	0.0%
RAPT	F	0.0%
EB	C	0.0%
TCI	D	0.0%
SNDA	D	0.0%
ATEX	D	0.0%
DLHC	F	0.0%
PROK	F	0.0%
ANRO	F	0.0%
TREE	F	0.0%
SCLX	F	0.0%
MGNX	F	0.0%
MPX	B	0.0%
HOWL	F	0.0%
WRLD	C	0.0%
LAZR	F	0.0%
ARCT	F	0.0%
CTNM	F	0.0%
CDMO	B	0.0%
HLVX	D	0.0%
AGEN	F	0.0%
BBAI	C	0.0%
DSGR	D	0.0%
CRCT	F	0.0%
ALMS	F	0.0%
BFS	C	0.0%
PRPL	F	0.0%
GOCO	C	0.0%
ELVN	D	0.0%
CMPO	A	0.0%
EAF	C	0.0%
STEM	F	0.0%
LIF	D	0.0%
IPSC	F	0.0%
DC	D	0.0%
ACHV	F	0.0%
MASS	F	0.0%
ARTV	F	0.0%
LAW	D	0.0%
BAND	B	0.0%
HBIO	F	0.0%
IVVD	F	0.0%
CRMD	C	0.0%
ACHR	B	0.0%
TCRX	F	0.0%
ARDT	F	0.0%
CHRS	D	0.0%
COGT	D	0.0%
NL	B	0.0%
TDUP	C	0.0%
BLUE	F	0.0%
SWKH	F	0.0%
ABSI	F	0.0%
MXL	C	0.0%
HCKT	B	0.0%
INNV	F	0.0%
CRDF	F	0.0%
CYRX	F	0.0%
VHI	D	0.0%
OSPN	A	0.0%
RGLS	F	0.0%
ATXS	F	0.0%
TLYS	F	0.0%
CBUS	D	0.0%
CRBP	F	0.0%
LCUT	F	0.0%

IWN Underweight 82 Positions Relative to RNSC

Symbol	Grade	Weight
PINC	B	-3.03%
LMAT	A	-3.02%
USPH	B	-2.87%
CNMD	C	-2.66%
CSGS	B	-1.24%
PRGS	A	-1.1%
YOU	D	-0.87%
IDCC	B	-0.72%
CCOI	B	-0.59%
IRDM	D	-0.52%
USLM	A	-0.4%
WWW	B	-0.4%
VAC	B	-0.39%
NWL	B	-0.37%
CAKE	C	-0.37%
TNL	A	-0.37%
OSW	A	-0.36%
BKE	B	-0.35%
POWL	C	-0.35%
MCRI	A	-0.34%
UPBD	B	-0.33%
WEN	D	-0.33%
JACK	D	-0.32%
DNUT	D	-0.32%
BOWL	C	-0.32%
MWA	B	-0.31%
EPAC	B	-0.31%
AROC	B	-0.3%
LCII	C	-0.3%
GFF	A	-0.29%
CRAI	B	-0.29%
SNDR	B	-0.29%
ALG	B	-0.29%
TGLS	B	-0.29%
LEG	F	-0.28%
EVTC	B	-0.28%
SHOO	D	-0.28%
ARCB	C	-0.27%
CXT	B	-0.27%
OEC	C	-0.26%
KFRC	D	-0.26%
CRI	D	-0.26%
GIC	D	-0.26%
GES	F	-0.26%
CLB	B	-0.26%
KSS	F	-0.26%
VSTS	C	-0.25%
HWKN	B	-0.25%
BRC	D	-0.25%
PATK	D	-0.25%
KWR	C	-0.25%
CC	C	-0.24%
LEVI	F	-0.24%
NSSC	D	-0.24%
AESI	B	-0.24%
VCTR	B	-0.22%
WT	B	-0.22%
FHB	A	-0.22%
PJT	A	-0.22%
ICFI	F	-0.22%
VIRT	B	-0.22%
CDRE	D	-0.22%
STEP	B	-0.21%
FHI	A	-0.21%
TR	B	-0.2%
ENR	B	-0.2%
WDFC	B	-0.2%
APAM	B	-0.2%
KLG	C	-0.19%
PK	B	-0.18%
SPB	C	-0.18%
JJSF	B	-0.18%
CWEN	C	-0.17%
EXPI	C	-0.16%
ALX	D	-0.16%
NSA	D	-0.16%
EPR	D	-0.16%
SEB	F	-0.16%
HIW	D	-0.16%
JOE	F	-0.15%
MPW	F	-0.13%
MGPI	F	-0.11%