IWO vs. CSML ETF Comparison

Comparison of iShares Russell 2000 Growth ETF (IWO) to IQ Chaikin U.S. Small Cap ETF (CSML)

IWO

iShares Russell 2000 Growth ETF

IWO Description

The investment seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit growth 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 Growth Index (the "underlying index"), which measures the performance of the small-capitalization growth sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$263.62

Average Daily Volume

383,878

Number of Holdings ^*

1052

* may have additional holdings in another (foreign) market

CSML

IQ Chaikin U.S. Small Cap ETF

CSML Description

The investment seeks investment results that track (before fees and expenses) the price and yield performance of its underlying index, the Nasdaq Chaikin Power US Small Cap Index. The fund invests at least 80% of the value of its assets (net assets plus the amount of any borrowings for investment purposes) in securities of small-capitalization U.S. issuers. The underlying index applies the Chaikin Power Gauge®, a quantitative multi-factor model that seeks to identify securities that are expected to outperform peers, to select securities from the Nasdaq US 1500 Index. The underlying index is an equally weighted index of small-capitalization securities.

Grade (RS Rating)

Last Trade

$34.95

Average Daily Volume

38,231

Number of Holdings ^*

469

* may have additional holdings in another (foreign) market

Performance

Period	IWO	CSML
30 Days	5.63%	-3.77%
60 Days	-1.89%	-1.35%
90 Days	-1.36%	-1.21%
12 Months	16.90%	13.48%

218 Overlapping Holdings

Symbol	Grade	Weight in IWO	Weight in CSML	Overlap
ACEL	F	0.04%	0.2%	0.04%
ACIW	A	0.25%	0.21%	0.21%
ADMA	B	0.08%	0.2%	0.08%
ADUS	A	0.06%	0.2%	0.06%
AEIS	B	0.32%	0.19%	0.19%
AGM	D	0.02%	0.2%	0.02%
AGYS	B	0.16%	0.21%	0.16%
ALEC	F	0.03%	0.18%	0.03%
ALG	D	0.15%	0.19%	0.15%
ALKS	F	0.31%	0.19%	0.19%
ALKT	B	0.09%	0.21%	0.09%
ALRM	D	0.25%	0.19%	0.19%
ALTG	F	0.02%	0.19%	0.02%
AMK	D	0.06%	0.2%	0.06%
AMWD	D	0.01%	0.19%	0.01%
ANIP	C	0.05%	0.2%	0.05%
APOG	A	0.04%	0.21%	0.04%
APPF	B	0.34%	0.18%	0.18%
ARCB	D	0.08%	0.21%	0.08%
ARDX	C	0.08%	0.19%	0.08%
ARTNA	B	0.02%	0.2%	0.02%
ARVN	F	0.13%	0.18%	0.13%
ASAN	F	0.09%	0.19%	0.09%
ASGN	C	0.09%	0.2%	0.09%
ASO	F	0.3%	0.18%	0.18%
ATEC	F	0.03%	0.19%	0.03%
ATEN	B	0.08%	0.2%	0.08%
ATRC	F	0.06%	0.17%	0.06%
ATRI	B	0.05%	0.2%	0.05%
AWR	B	0.21%	0.21%	0.21%
BBSI	B	0.06%	0.21%	0.06%
BCO	A	0.35%	0.2%	0.2%
BDC	B	0.19%	0.19%	0.19%
BEAM	F	0.13%	0.16%	0.13%
BFS	C	0.03%	0.2%	0.03%
BLKB	C	0.27%	0.22%	0.22%
BLMN	F	0.14%	0.2%	0.14%
BMI	A	0.45%	0.23%	0.23%
BOX	D	0.27%	0.2%	0.2%
BSIG	C	0.02%	0.21%	0.02%
CAKE	B	0.14%	0.21%	0.14%
CARG	C	0.18%	0.21%	0.18%
CASH	B	0.04%	0.21%	0.04%
CASS	D	0.04%	0.19%	0.04%
CBL	D	0.03%	0.2%	0.03%
CBT	A	0.43%	0.22%	0.22%
CBZ	C	0.29%	0.2%	0.2%
CCB	B	0.04%	0.22%	0.04%
CCRN	F	0.01%	0.2%	0.01%
CCSI	D	0.02%	0.17%	0.02%
CEVA	F	0.03%	0.18%	0.03%
CHRS	F	0.01%	0.19%	0.01%
CNK	D	0.13%	0.22%	0.13%
COGT	C	0.03%	0.21%	0.03%
COLL	D	0.09%	0.19%	0.09%
CORT	B	0.17%	0.19%	0.17%
CPRX	C	0.14%	0.2%	0.14%
CRAI	A	0.09%	0.21%	0.09%
CRSR	F	0.03%	0.19%	0.03%
CSGS	F	0.1%	0.2%	0.1%
CSTL	B	0.02%	0.19%	0.02%
CSV	B	0.03%	0.19%	0.03%
CTOS	F	0.02%	0.19%	0.02%
CVI	F	0.07%	0.19%	0.07%
CXM	F	0.1%	0.2%	0.1%
DCGO	F	0.02%	0.19%	0.02%
DCPH	A	0.04%	0.21%	0.04%
DHIL	C	0.03%	0.21%	0.03%
DIOD	D	0.2%	0.21%	0.2%
DORM	C	0.19%	0.2%	0.19%
DVAX	F	0.1%	0.2%	0.1%
DY	A	0.4%	0.2%	0.2%
EB	D	0.03%	0.2%	0.03%
ECVT	D	0.01%	0.19%	0.01%
EE	B	0.02%	0.22%	0.02%
EGY	C	0.01%	0.21%	0.01%
ENR	C	0.16%	0.21%	0.16%
ENS	B	0.31%	0.2%	0.2%
ENV	B	0.26%	0.24%	0.24%
ESE	C	0.13%	0.2%	0.13%
EVH	F	0.2%	0.19%	0.19%
EVTC	D	0.18%	0.21%	0.18%
EXLS	C	0.38%	0.2%	0.2%
FDMT	D	0.01%	0.17%	0.01%
FELE	C	0.35%	0.2%	0.2%
FSS	A	0.4%	0.2%	0.2%
FTDR	B	0.22%	0.2%	0.2%
GATX	C	0.02%	0.2%	0.02%
GDYN	F	0.04%	0.18%	0.04%
GFF	C	0.12%	0.19%	0.12%
GIC	F	0.03%	0.19%	0.03%
GMS	B	0.09%	0.19%	0.09%
GRC	D	0.01%	0.19%	0.01%
GSAT	F	0.05%	0.19%	0.05%
HAE	A	0.34%	0.21%	0.21%
HBI	D	0.09%	0.17%	0.09%
HCKT	F	0.04%	0.2%	0.04%
HCSG	D	0.06%	0.2%	0.06%
HI	F	0.24%	0.2%	0.2%
HLIO	B	0.13%	0.22%	0.13%
HLIT	D	0.1%	0.15%	0.1%
HLVX	D	0.01%	0.16%	0.01%
HNI	A	0.02%	0.2%	0.02%
HPK	F	0.01%	0.21%	0.01%
HRMY	F	0.07%	0.19%	0.07%
HSTM	B	0.02%	0.2%	0.02%
HURN	F	0.12%	0.2%	0.12%
HWKN	B	0.13%	0.2%	0.13%
ICFI	B	0.21%	0.19%	0.19%
IDCC	B	0.22%	0.19%	0.19%
IDT	A	0.04%	0.21%	0.04%
IESC	A	0.1%	0.2%	0.1%
IIIV	F	0.03%	0.21%	0.03%
IMXI	D	0.05%	0.2%	0.05%
INTA	C	0.11%	0.19%	0.11%
IOSP	B	0.22%	0.2%	0.2%
IPAR	D	0.17%	0.2%	0.17%
ITRI	B	0.04%	0.21%	0.04%
JAMF	C	0.09%	0.22%	0.09%
JBSS	C	0.07%	0.2%	0.07%
KALU	A	0.11%	0.22%	0.11%
KE	C	0.01%	0.21%	0.01%
KNTK	A	0.01%	0.21%	0.01%
KOS	C	0.2%	0.22%	0.2%
KTB	B	0.31%	0.2%	0.2%
LAUR	B	0.14%	0.2%	0.14%
LFST	B	0.03%	0.2%	0.03%
LGND	B	0.02%	0.22%	0.02%
LQDT	B	0.02%	0.2%	0.02%
LRN	B	0.23%	0.19%	0.19%
MBUU	F	0.03%	0.17%	0.03%
MCRI	D	0.07%	0.19%	0.07%
MGPI	D	0.09%	0.2%	0.09%
MIRM	F	0.05%	0.2%	0.05%
MITK	B	0.04%	0.19%	0.04%
MLAB	B	0.04%	0.2%	0.04%
MLI	A	0.22%	0.21%	0.21%
MMS	B	0.4%	0.21%	0.21%
MOG.A	A	0.08%	0.2%	0.08%
MRTN	D	0.06%	0.19%	0.06%
MTSI	B	0.44%	0.2%	0.2%
MWA	A	0.22%	0.21%	0.21%
MYE	F	0.04%	0.19%	0.04%
MYRG	D	0.2%	0.2%	0.2%
NABL	D	0.06%	0.2%	0.06%
NAPA	F	0.01%	0.19%	0.01%
NMIH	A	0.02%	0.2%	0.02%
NSIT	A	0.45%	0.21%	0.21%
NXRT	B	0.02%	0.22%	0.02%
OEC	B	0.1%	0.22%	0.1%
OI	F	0.13%	0.19%	0.13%
OPEN	F	0.01%	0.16%	0.01%
OSPN	C	0.04%	0.18%	0.04%
OXM	B	0.09%	0.2%	0.09%
PATK	C	0.02%	0.18%	0.02%
PCRX	D	0.1%	0.19%	0.1%
PHR	F	0.09%	0.19%	0.09%
PIPR	A	0.24%	0.2%	0.2%
PL	F	0.02%	0.15%	0.02%
PLMR	B	0.15%	0.2%	0.15%
PLOW	C	0.04%	0.2%	0.04%
PLUS	B	0.01%	0.2%	0.01%
PLXS	B	0.21%	0.21%	0.21%
PRGS	F	0.17%	0.2%	0.17%
PRIM	B	0.01%	0.22%	0.01%
PRTA	F	0.06%	0.18%	0.06%
PTCT	C	0.17%	0.19%	0.17%
PX	D	0.03%	0.2%	0.03%
QLYS	F	0.42%	0.21%	0.21%
QNST	C	0.07%	0.21%	0.07%
RCUS	F	0.02%	0.17%	0.02%
REX	B	0.02%	0.21%	0.02%
ROCK	D	0.1%	0.19%	0.1%
RPD	F	0.18%	0.19%	0.18%
RXO	C	0.16%	0.19%	0.16%
SAGE	F	0.04%	0.15%	0.04%
SANM	B	0.02%	0.2%	0.02%
SCL	C	0.02%	0.2%	0.02%
SES	F	0.0%	0.17%	0.0%
SKWD	B	0.02%	0.21%	0.02%
SLAB	D	0.31%	0.17%	0.17%
SLVM	C	0.2%	0.2%	0.2%
SNEX	B	0.02%	0.21%	0.02%
SPNT	C	0.01%	0.21%	0.01%
SPWR	F	0.02%	0.16%	0.02%
SSTK	F	0.07%	0.19%	0.07%
STRL	A	0.25%	0.19%	0.19%
SUPN	F	0.1%	0.19%	0.1%
SVRA	D	0.0%	0.2%	0.0%
SWTX	D	0.22%	0.17%	0.17%
THR	A	0.01%	0.2%	0.01%
TIPT	C	0.01%	0.2%	0.01%
TNC	D	0.08%	0.2%	0.08%
TPB	A	0.04%	0.2%	0.04%
TRN	A	0.03%	0.2%	0.03%
TTEC	F	0.01%	0.17%	0.01%
TVTX	F	0.03%	0.16%	0.03%
TWKS	C	0.02%	0.2%	0.02%
URBN	C	0.07%	0.18%	0.07%
USLM	B	0.06%	0.22%	0.06%
UTL	B	0.02%	0.21%	0.02%
UVE	B	0.01%	0.21%	0.01%
VC	C	0.23%	0.2%	0.2%
VCTR	C	0.1%	0.24%	0.1%
VIR	F	0.0%	0.17%	0.0%
VRNT	C	0.13%	0.2%	0.13%
VTYX	F	0.02%	0.17%	0.02%
WABC	B	0.03%	0.21%	0.03%
WERN	D	0.03%	0.2%	0.03%
WNC	D	0.08%	0.19%	0.08%
WRBY	B	0.11%	0.2%	0.11%
WTS	B	0.44%	0.2%	0.2%
XNCR	C	0.06%	0.18%	0.06%
YELP	D	0.19%	0.21%	0.19%
YOU	F	0.11%	0.18%	0.11%
ZETA	A	0.19%	0.23%	0.19%
ZIP	F	0.05%	0.19%	0.05%
ZNTL	F	0.05%	0.18%	0.05%

IWO Overweight 834 Positions Relative to CSML

Symbol	Grade	Weight
SMCI	D	3.45%
MSTR	D	1.92%
FIX	B	0.93%
ELF	D	0.79%
ONTO	B	0.75%
FN	B	0.7%
FTAI	B	0.65%
SFM	A	0.65%
WFRD	C	0.63%
ATI	B	0.6%
AIT	C	0.58%
SSD	D	0.57%
PCVX	D	0.56%
SPSC	B	0.55%
NXT	F	0.55%
HQY	D	0.52%
ENSG	D	0.5%
ITCI	C	0.5%
CHX	D	0.49%
VKTX	C	0.49%
BPMC	B	0.48%
RHP	D	0.47%
RMBS	D	0.46%
ATKR	D	0.45%
SIGI	F	0.45%
NOVT	D	0.45%
HALO	B	0.44%
FLR	D	0.43%
CWST	C	0.43%
DUOL	D	0.41%
AAON	D	0.41%
LNTH	B	0.41%
AVAV	A	0.41%
GKOS	A	0.4%
SPXC	A	0.4%
IBP	D	0.39%
TENB	F	0.39%
ALTR	B	0.39%
APG	D	0.39%
BCPC	B	0.38%
VRNS	D	0.38%
CVNA	B	0.38%
TDW	B	0.37%
ALTM	C	0.37%
OPCH	D	0.37%
EXPO	B	0.37%
MMSI	B	0.36%
COKE	B	0.36%
MARA	D	0.36%
FORM	A	0.35%
CVLT	A	0.35%
POWI	C	0.34%
TMDX	B	0.34%
FCFS	D	0.34%
NE	D	0.33%
CYTK	D	0.33%
VAL	C	0.33%
MGY	B	0.32%
HRI	D	0.32%
GTLS	C	0.31%
LNW	D	0.31%
CSWI	A	0.31%
PI	C	0.3%
FFIN	C	0.3%
RVMD	C	0.3%
WK	D	0.3%
VRRM	A	0.29%
ANF	B	0.29%
FUL	C	0.29%
LANC	D	0.28%
ACLS	C	0.28%
SHAK	C	0.28%
KRYS	D	0.27%
RDNT	A	0.27%
QTWO	A	0.27%
NSP	C	0.27%
WHD	C	0.26%
AXNX	D	0.26%
SMPL	B	0.26%
MDGL	D	0.26%
BOOT	C	0.26%
MOD	B	0.26%
SEM	A	0.26%
TNET	D	0.26%
HGV	D	0.25%
NOG	C	0.24%
WDFC	D	0.24%
BE	D	0.24%
SHOO	C	0.24%
SXT	A	0.24%
KAI	D	0.24%
CERE	C	0.23%
JBT	D	0.23%
INSM	D	0.23%
BL	D	0.22%
GH	C	0.22%
ARWR	F	0.22%
CVCO	C	0.22%
EAT	A	0.21%
AXSM	D	0.21%
PRCT	B	0.21%
IRTC	F	0.21%
MGRC	D	0.21%
HLNE	C	0.21%
FOLD	F	0.21%
ORA	B	0.2%
SG	B	0.2%
KWR	D	0.2%
PJT	B	0.2%
ROAD	C	0.2%
CRVL	A	0.19%
AIN	D	0.19%
ACVA	D	0.19%
JJSF	B	0.19%
CRDO	D	0.19%
NARI	D	0.19%
STNE	B	0.19%
PRFT	B	0.19%
DNLI	F	0.18%
STEP	A	0.18%
VCEL	B	0.18%
OSIS	C	0.18%
TGTX	C	0.18%
CALM	D	0.18%
OII	B	0.18%
TEX	C	0.18%
MTRN	D	0.18%
PGNY	F	0.17%
SKY	D	0.17%
NJR	B	0.17%
BRZE	F	0.17%
DOCN	D	0.17%
SITM	B	0.17%
BBIO	D	0.17%
CNMD	F	0.17%
STAA	C	0.16%
APAM	C	0.16%
ARRY	F	0.16%
BRBR	C	0.16%
EPAC	A	0.16%
HIMS	D	0.16%
IGT	F	0.16%
AMN	F	0.16%
FRSH	F	0.16%
MC	C	0.15%
FOXF	D	0.15%
CALX	F	0.15%
JOE	B	0.15%
FLYW	F	0.15%
PRVA	F	0.15%
GOLF	C	0.15%
RYTM	D	0.15%
OTTR	B	0.15%
ACLX	F	0.15%
SONO	D	0.15%
PD	F	0.14%
ETRN	C	0.14%
BATRK	B	0.14%
NUVL	D	0.14%
UFPT	B	0.14%
KLIC	D	0.14%
CNS	D	0.14%
RELY	F	0.14%
ACAD	F	0.14%
CCOI	F	0.13%
CTS	A	0.13%
DRS	C	0.13%
AMPH	F	0.13%
TBBK	D	0.13%
NSSC	B	0.13%
PLAY	D	0.13%
CSTM	D	0.13%
ASTH	D	0.13%
UPST	D	0.13%
PRKS	C	0.13%
RXST	B	0.13%
SGRY	F	0.13%
NGVT	B	0.13%
PSN	D	0.12%
ENVX	C	0.12%
AI	F	0.12%
USPH	C	0.12%
BGC	B	0.12%
SIX	C	0.12%
CPK	B	0.12%
DDS	C	0.12%
UPBD	C	0.12%
HEES	D	0.12%
IMVT	F	0.12%
ATMU	B	0.12%
SPT	F	0.12%
LMAT	A	0.12%
PAYO	B	0.12%
IDYA	D	0.12%
THRM	F	0.12%
SXI	C	0.12%
WT	C	0.11%
MEG	C	0.11%
SHLS	F	0.11%
KYMR	D	0.11%
GSHD	F	0.11%
MXL	F	0.11%
UPWK	D	0.11%
EXTR	F	0.11%
RIOT	F	0.11%
NVAX	B	0.11%
INMD	F	0.11%
EVBG	D	0.11%
MGEE	A	0.11%
PAGS	D	0.11%
ROG	C	0.11%
AVDX	D	0.11%
BORR	F	0.11%
PSMT	A	0.11%
CARS	C	0.1%
KROS	D	0.1%
VITL	B	0.1%
LNN	C	0.1%
OSW	A	0.1%
APPN	F	0.1%
RRR	D	0.1%
UTZ	C	0.1%
SKT	D	0.1%
SNDX	D	0.1%
CHEF	A	0.1%
VIAV	F	0.1%
GERN	C	0.1%
ZUO	B	0.1%
FLNC	D	0.1%
AVPT	B	0.1%
UFPI	B	0.09%
SYBT	B	0.09%
BKE	B	0.09%
AKRO	F	0.09%
SBH	F	0.09%
TRUP	D	0.09%
MODN	B	0.09%
LZ	F	0.09%
KFRC	D	0.09%
AMBA	F	0.09%
PWSC	D	0.09%
RKLB	C	0.09%
SDGR	F	0.09%
RCKT	F	0.09%
NVEE	D	0.09%
MSGE	C	0.09%
PZZA	F	0.09%
MTDR	D	0.09%
JBI	D	0.09%
COCO	B	0.08%
OUT	D	0.08%
PRO	F	0.08%
COMP	C	0.08%
CBRL	F	0.08%
LCII	D	0.08%
MNKD	D	0.08%
COUR	F	0.08%
MORF	F	0.08%
SPNS	B	0.08%
JACK	F	0.08%
SFBS	C	0.08%
DFIN	C	0.08%
PTGX	C	0.08%
INFN	D	0.08%
FIZZ	D	0.08%
PDFS	C	0.08%
AMRC	C	0.08%
ADEA	C	0.08%
TRNS	A	0.08%
CMPR	D	0.07%
FSLY	F	0.07%
NG	D	0.07%
SAVA	D	0.07%
BCRX	D	0.07%
APGE	D	0.07%
UUUU	D	0.07%
INDI	F	0.07%
CWT	B	0.07%
ZWS	C	0.07%
WWW	B	0.07%
BASE	C	0.07%
CENX	B	0.07%
MSEX	C	0.07%
AEO	B	0.07%
LPG	B	0.07%
PR	C	0.07%
ARLO	C	0.07%
MGNI	F	0.06%
CTKB	F	0.06%
ARQT	D	0.06%
VZIO	D	0.06%
XPRO	B	0.06%
PLRX	F	0.06%
OMCL	C	0.06%
PAX	F	0.06%
IE	B	0.06%
ERII	F	0.06%
SQSP	A	0.06%
IMAX	C	0.06%
RVLV	B	0.06%
TTGT	D	0.06%
HLF	C	0.06%
VICR	F	0.06%
INBX	D	0.06%
DAWN	C	0.06%
DGII	F	0.06%
SLP	B	0.06%
XPEL	F	0.06%
CWH	F	0.06%
EXPI	C	0.06%
HIBB	A	0.06%
STR	D	0.06%
UDMY	F	0.06%
HY	B	0.06%
SILK	C	0.06%
CLDX	D	0.05%
FLNG	B	0.05%
NBR	F	0.05%
PARR	F	0.05%
LPRO	D	0.05%
PBI	B	0.05%
ALHC	B	0.05%
RILY	C	0.05%
ETNB	F	0.05%
CDRE	D	0.05%
PECO	F	0.05%
BECN	C	0.05%
IAS	F	0.05%
PNTG	A	0.05%
DBRG	F	0.05%
OCUL	D	0.05%
AMPL	F	0.05%
RDFN	C	0.05%
PWP	B	0.05%
VVI	D	0.05%
SOUN	D	0.05%
RGR	F	0.05%
AUPH	F	0.05%
LGF.A	C	0.05%
HCI	D	0.05%
BLFS	B	0.05%
IBRX	C	0.05%
VERA	C	0.05%
HL	B	0.05%
STKL	D	0.04%
NRDS	D	0.04%
LAZR	F	0.04%
JOBY	D	0.04%
EPRT	A	0.04%
GRBK	B	0.04%
VRDN	F	0.04%
CLFD	B	0.04%
SRDX	C	0.04%
UHT	C	0.04%
EVER	B	0.04%
ACCD	F	0.04%
AROC	B	0.04%
DOLE	C	0.04%
AHCO	D	0.04%
SEMR	A	0.04%
BJRI	D	0.04%
PRMW	B	0.04%
YORW	B	0.04%
USNA	D	0.04%
SGHC	C	0.04%
EOLS	D	0.04%
CRNX	B	0.04%
DYN	D	0.04%
SIBN	F	0.04%
BBUC	D	0.04%
ASTS	F	0.04%
DIN	F	0.04%
HROW	D	0.04%
YEXT	F	0.04%
CDMO	C	0.04%
KRUS	B	0.04%
RSI	B	0.04%
BIGC	D	0.04%
NEXT	B	0.04%
FIGS	C	0.04%
GDEN	D	0.04%
ZD	D	0.04%
DSGR	B	0.03%
CERS	F	0.03%
HRTX	C	0.03%
NVEC	F	0.03%
MLNK	F	0.03%
IRWD	F	0.03%
CABA	F	0.03%
PNM	C	0.03%
MQ	F	0.03%
EVRI	F	0.03%
LYTS	B	0.03%
CGON	F	0.03%
EWCZ	F	0.03%
SIGA	C	0.03%
FNA	F	0.03%
INOD	C	0.03%
MAX	C	0.03%
MNTK	D	0.03%
ALNT	F	0.03%
BWMN	D	0.03%
EGHT	D	0.03%
TH	C	0.03%
MODV	D	0.03%
CHGG	F	0.03%
ANAB	C	0.03%
MCFT	F	0.03%
CHUY	F	0.03%
LGF.A	C	0.03%
ENFN	D	0.03%
MRC	A	0.03%
ATEX	F	0.03%
LOVE	B	0.03%
GVA	A	0.03%
AX	A	0.03%
CRGY	C	0.03%
DMRC	F	0.03%
GRND	C	0.03%
SMMT	B	0.03%
ATXS	D	0.03%
HUMA	B	0.03%
BTSG	B	0.03%
APLD	F	0.03%
GCMG	C	0.03%
CYRX	F	0.03%
NN	C	0.03%
CHCT	F	0.03%
LWLG	F	0.03%
RICK	F	0.03%
CLSK	D	0.03%
INST	F	0.03%
CMP	F	0.03%
BATRA	B	0.03%
BYND	F	0.03%
PDCO	F	0.03%
SMR	C	0.03%
SHYF	C	0.03%
NRC	F	0.03%
AGS	A	0.03%
AMSF	D	0.03%
LQDA	D	0.03%
FC	D	0.03%
ARKO	D	0.03%
CVGW	B	0.03%
ALX	B	0.03%
PETQ	B	0.03%
KIDS	C	0.03%
BIPC	C	0.03%
PTLO	F	0.03%
TTI	F	0.03%
EAF	D	0.02%
INSE	F	0.02%
TPIC	C	0.02%
CRGX	F	0.02%
SKIN	F	0.02%
CLMB	D	0.02%
OPRX	F	0.02%
LIVN	B	0.02%
RCEL	F	0.02%
YMAB	D	0.02%
OFLX	F	0.02%
BRCC	C	0.02%
HCAT	F	0.02%
FNKO	C	0.02%
FORR	F	0.02%
UTMD	F	0.02%
IONQ	F	0.02%
BMEA	F	0.02%
KIND	C	0.02%
MVIS	F	0.02%
ATNM	B	0.02%
THS	F	0.02%
ULCC	D	0.02%
VRTS	D	0.02%
EYPT	F	0.02%
DOMO	F	0.02%
LTH	D	0.02%
NOVA	F	0.02%
PTEN	D	0.02%
WTI	F	0.02%
REPX	D	0.02%
MATW	D	0.02%
PBPB	F	0.02%
PPTA	B	0.02%
LBRT	B	0.02%
TMCI	F	0.02%
JYNT	A	0.02%
SGH	F	0.02%
SNCY	F	0.02%
RVNC	F	0.02%
FBP	A	0.02%
FCPT	B	0.02%
FIHL	C	0.02%
VMD	F	0.02%
MED	F	0.02%
COMM	F	0.02%
IRBT	D	0.02%
AMR	F	0.02%
RDVT	C	0.02%
OSCR	B	0.02%
RMR	C	0.02%
PACB	F	0.02%
XERS	F	0.02%
AXGN	F	0.02%
SABR	C	0.02%
BANF	B	0.02%
CTLP	D	0.02%
CRMD	C	0.02%
ABUS	B	0.02%
NHI	A	0.02%
OLO	F	0.02%
HASI	B	0.02%
CLB	D	0.02%
VGR	C	0.02%
DFH	D	0.02%
PRME	F	0.02%
CTRE	C	0.02%
AMSWA	F	0.02%
DENN	F	0.02%
ADPT	C	0.02%
ESQ	B	0.02%
CRCT	C	0.02%
AVXL	F	0.02%
SYNA	F	0.02%
LUNG	D	0.02%
URGN	F	0.02%
TCMD	F	0.02%
IRON	F	0.02%
IRMD	C	0.02%
PRG	B	0.02%
WEAV	F	0.02%
MMI	D	0.02%
WEST	B	0.02%
BBW	C	0.02%
AEHR	F	0.02%
FWRD	F	0.02%
DNUT	D	0.02%
VYGR	D	0.02%
NTLA	F	0.02%
SBGI	B	0.01%
OTLK	F	0.01%
XMTR	F	0.01%
NVTS	F	0.01%
ARCT	F	0.01%
GOGO	C	0.01%
HDSN	F	0.01%
SSP	F	0.01%
ATOM	F	0.01%
LXEO	F	0.01%
HQI	F	0.01%
CURV	B	0.01%
KRMD	D	0.01%
VTNR	F	0.01%
CPS	F	0.01%
CVRX	F	0.01%
CTGO	D	0.01%
VMEO	F	0.01%
SCWO	C	0.01%
MRNS	F	0.01%
NDLS	D	0.01%
ALGT	F	0.01%
ACRS	F	0.01%
AESI	B	0.01%
PRTH	B	0.01%
FA	C	0.01%
LESL	F	0.01%
OBIO	F	0.01%
BOOM	F	0.01%
TCX	D	0.01%
OPTN	F	0.01%
AVO	B	0.01%
BBAI	F	0.01%
OMER	D	0.01%
EYE	F	0.01%
EMBC	D	0.01%
GES	C	0.01%
AVBP	D	0.01%
PHAT	D	0.01%
MPX	D	0.01%
MGNX	F	0.01%
SRI	F	0.01%
PDSB	F	0.01%
VERI	D	0.01%
TYRA	C	0.01%
PLL	D	0.01%
INVA	B	0.01%
AMLX	F	0.01%
INNV	F	0.01%
KFS	D	0.01%
DH	F	0.01%
MOND	F	0.01%
TELA	D	0.01%
HTBI	B	0.01%
RAPT	F	0.01%
EXFY	F	0.01%
QTRX	F	0.01%
BLNK	D	0.01%
LKFN	C	0.01%
LMB	B	0.01%
GOOD	A	0.01%
EOSE	F	0.01%
LUNA	F	0.01%
SFIX	F	0.01%
DJCO	B	0.01%
CCRD	C	0.01%
SCPH	F	0.01%
RRGB	D	0.01%
SBOW	D	0.01%
PAR	C	0.01%
CMPO	C	0.01%
KLTR	F	0.01%
ODC	A	0.01%
ALTI	F	0.01%
UTI	C	0.01%
BBCP	D	0.01%
ITI	D	0.01%
SMLR	F	0.01%
EVEX	D	0.01%
EP	C	0.01%
PAHC	A	0.01%
EVI	F	0.01%
STKS	C	0.01%
TREE	C	0.01%
SMTI	F	0.01%
NVRO	F	0.01%
NRDY	F	0.01%
PMTS	B	0.01%
INTT	F	0.01%
FHTX	F	0.01%
SGHT	C	0.01%
SEAT	F	0.01%
KPTI	F	0.01%
GAMB	C	0.01%
BAND	B	0.01%
BLBD	A	0.01%
MGTX	F	0.01%
CWCO	D	0.01%
GCBC	C	0.01%
LVWR	F	0.01%
TSQ	C	0.01%
CDZI	F	0.01%
EVC	D	0.01%
QIPT	D	0.01%
CHCO	B	0.01%
INFU	F	0.01%
HBIO	F	0.01%
DC	B	0.01%
RMNI	F	0.01%
CCBG	C	0.01%
KGS	B	0.01%
NTB	A	0.01%
EGAN	D	0.01%
RIGL	F	0.01%
CLPT	F	0.01%
FSBC	C	0.01%
SLRN	F	0.01%
ISPR	F	0.01%
AORT	B	0.01%
ARAY	F	0.01%
PCT	F	0.01%
IBEX	D	0.01%
LCTX	D	0.01%
CRD.B	C	0.01%
MLP	C	0.01%
LMND	C	0.01%
DSP	D	0.01%
FLL	D	0.01%
TGAN	B	0.01%
PLPC	C	0.01%
NBTB	B	0.01%
GWRS	C	0.01%
LGIH	D	0.01%
PFSI	A	0.01%
UMH	B	0.01%
SNBR	D	0.01%
PAYS	B	0.01%
SKYT	F	0.01%
SAMG	F	0.01%
SSTI	F	0.01%
PFMT	B	0.01%
LBPH	C	0.01%
MRSN	F	0.01%
NEO	B	0.01%
SVV	F	0.01%
GNE	F	0.01%
BOWL	F	0.01%
TERN	F	0.01%
NATH	D	0.01%
SPCE	F	0.01%
GLNG	A	0.01%
VRCA	B	0.01%
ACMR	D	0.01%
EPM	F	0.01%
XPOF	F	0.01%
OOMA	F	0.01%
PUBM	C	0.01%
EVCM	B	0.01%
FWRG	D	0.01%
ALDX	D	0.01%
PCYO	C	0.01%
ZYXI	D	0.01%
GPRE	F	0.01%
GBTG	C	0.01%
KRT	D	0.01%
BALY	D	0.01%
CLBK	D	0.01%
OM	D	0.01%
AVTE	D	0.01%
RNAC	D	0.0%
TWOU	F	0.0%
ATRA	F	0.0%
NB	F	0.0%
BIVI	F	0.0%
CXAI	C	0.0%
ESCA	D	0.0%
CUTR	D	0.0%
VATE	F	0.0%
QRTEB	F	0.0%
KLXE	F	0.0%
LLAP	F	0.0%
LPTV	F	0.0%
AMPX	F	0.0%
CTXR	F	0.0%
ATLC	D	0.0%
SCLX	F	0.0%
RGCO	C	0.0%
CMT	C	0.0%
GNLX	F	0.0%
BGXX	F	0.0%
RBOT	F	0.0%
CMPX	F	0.0%
TCBX	B	0.0%
CIFR	D	0.0%
ZVIA	F	0.0%
RPHM	D	0.0%
BSVN	B	0.0%
SHCR	F	0.0%
CLAR	B	0.0%
PTSI	C	0.0%
IAUX	F	0.0%
BW	D	0.0%
RCKY	B	0.0%
VLD	F	0.0%
TELL	F	0.0%
MEC	A	0.0%
TSBX	F	0.0%
AKTS	F	0.0%
MVBF	D	0.0%
CVGI	F	0.0%
NOTE	F	0.0%
BOC	F	0.0%
ORGO	C	0.0%
EYEN	F	0.0%
PIII	F	0.0%
IMRX	F	0.0%
RNAC	D	0.0%
XAIR	F	0.0%
DFLI	C	0.0%
CWBC	B	0.0%
SOI	B	0.0%
BCML	B	0.0%
TDUP	C	0.0%
PLBC	C	0.0%
LIND	F	0.0%
ELA	D	0.0%
DTC	F	0.0%
ENTA	D	0.0%
FENC	D	0.0%
MXCT	C	0.0%
EVGO	F	0.0%
FTCI	F	0.0%
GTN	C	0.0%
CZFS	C	0.0%
VALU	D	0.0%
CDXS	B	0.0%
BTMD	C	0.0%
BTAI	F	0.0%
ASUR	F	0.0%
AVAH	C	0.0%
CNSL	C	0.0%
FARO	D	0.0%
BTBT	F	0.0%
ARIS	B	0.0%
RM	B	0.0%
ITIC	B	0.0%
CMBM	F	0.0%
AGEN	F	0.0%
PROK	D	0.0%
STER	D	0.0%
WRLD	C	0.0%
CLPR	F	0.0%
AIRS	F	0.0%
NNOX	C	0.0%
PEPG	B	0.0%
MCB	B	0.0%
AVD	F	0.0%
FG	B	0.0%
RYI	F	0.0%
NVCT	F	0.0%
RDW	B	0.0%
PLSE	F	0.0%
SPRY	C	0.0%
HOUS	F	0.0%
HSHP	A	0.0%
AKYA	F	0.0%
SGMT	F	0.0%
MLR	B	0.0%
FSBW	C	0.0%
OMGA	F	0.0%
EHTH	F	0.0%
JANX	C	0.0%
APPS	F	0.0%
ACDC	F	0.0%
XFOR	D	0.0%
SKYX	F	0.0%
LPSN	F	0.0%
FEAM	D	0.0%
SANA	D	0.0%
PRTS	F	0.0%
EVLV	F	0.0%
CUE	D	0.0%
HG	B	0.0%
III	F	0.0%
BELFB	B	0.0%
MCRB	D	0.0%
MAXN	F	0.0%
MURA	F	0.0%
NMRA	F	0.0%
STEL	D	0.0%
LNZA	F	0.0%
MLYS	B	0.0%
CNTY	C	0.0%
LXRX	D	0.0%

IWO Underweight 251 Positions Relative to CSML

Symbol	Grade	Weight
AMRK	C	-0.27%
AGX	A	-0.26%
WIRE	C	-0.24%
CSR	A	-0.24%
MCY	A	-0.23%
GRNT	C	-0.23%
PRA	C	-0.23%
ANDE	D	-0.22%
SLGN	B	-0.22%
LYEL	C	-0.22%
GHC	A	-0.22%
GNK	B	-0.22%
JRVR	F	-0.22%
THRY	C	-0.22%
PFS	B	-0.22%
VIRT	A	-0.22%
AVA	B	-0.22%
HTLF	A	-0.22%
CION	A	-0.22%
LILAK	B	-0.22%
ALE	B	-0.22%
DCO	B	-0.22%
CNX	C	-0.22%
PGC	D	-0.22%
ARCH	D	-0.22%
ITGR	D	-0.22%
NWN	B	-0.22%
CWEN	B	-0.22%
AAN	D	-0.22%
GEO	C	-0.22%
CRK	B	-0.22%
SAM	D	-0.21%
UVSP	A	-0.21%
BFST	D	-0.21%
CADE	B	-0.21%
DO	B	-0.21%
ROIC	D	-0.21%
NHC	B	-0.21%
AXS	A	-0.21%
ENVA	B	-0.21%
THG	A	-0.21%
VSTO	B	-0.21%
IRT	B	-0.21%
FHI	D	-0.21%
UMBF	C	-0.21%
HTBK	C	-0.21%
WING	B	-0.21%
MSBI	D	-0.21%
FCF	B	-0.21%
MSM	D	-0.21%
SXC	D	-0.21%
STC	B	-0.21%
INDB	C	-0.21%
JOUT	F	-0.21%
THFF	B	-0.21%
BRKL	D	-0.21%
AAT	B	-0.21%
HFWA	B	-0.21%
SFNC	D	-0.21%
FMBH	B	-0.21%
EQC	B	-0.21%
SLM	B	-0.21%
HTH	B	-0.21%
SRCE	B	-0.21%
EIG	D	-0.21%
KRG	C	-0.21%
CNOB	B	-0.21%
IMKTA	F	-0.21%
PRGO	D	-0.21%
FBMS	C	-0.21%
USM	B	-0.21%
SBSI	D	-0.21%
QCRH	B	-0.21%
FLS	A	-0.21%
KAR	B	-0.21%
ASB	A	-0.21%
HE	F	-0.21%
MAN	B	-0.21%
KN	B	-0.21%
GSBC	B	-0.21%
MATV	C	-0.21%
IBOC	A	-0.21%
INSW	B	-0.21%
CPF	B	-0.21%
NPK	B	-0.21%
ALEX	B	-0.21%
ASH	A	-0.21%
WMG	D	-0.21%
RNST	B	-0.21%
EZPW	D	-0.21%
BY	B	-0.21%
ASTE	F	-0.21%
JXN	B	-0.21%
SWX	A	-0.21%
BHE	A	-0.21%
PEBO	B	-0.21%
WTM	B	-0.21%
AMTB	B	-0.21%
HP	F	-0.21%
MDU	A	-0.21%
FBK	B	-0.21%
PRDO	B	-0.21%
WAFD	B	-0.21%
ABM	B	-0.21%
AVNT	B	-0.21%
COOP	A	-0.21%
NWE	B	-0.21%
FRME	B	-0.21%
UVV	B	-0.21%
FFBC	B	-0.21%
WTTR	B	-0.21%
BKH	B	-0.21%
OZK	B	-0.21%
HSII	C	-0.2%
KRNY	F	-0.2%
LOPE	B	-0.2%
DRH	F	-0.2%
TTMI	A	-0.2%
CLW	B	-0.2%
SCS	B	-0.2%
CMCO	A	-0.2%
STRA	B	-0.2%
PLYA	D	-0.2%
CLDT	F	-0.2%
VSH	C	-0.2%
AURA	F	-0.2%
VECO	B	-0.2%
CAC	B	-0.2%
ICUI	C	-0.2%
WU	D	-0.2%
CFB	C	-0.2%
TPH	A	-0.2%
ETWO	C	-0.2%
RLJ	F	-0.2%
DRVN	F	-0.2%
PEB	D	-0.2%
KFY	C	-0.2%
SASR	B	-0.2%
TCBK	B	-0.2%
TPG	D	-0.2%
PDM	B	-0.2%
GDOT	C	-0.2%
ABG	C	-0.2%
BNL	B	-0.2%
AVNS	C	-0.2%
RAMP	F	-0.2%
LEGH	C	-0.2%
GTX	D	-0.2%
KELYA	D	-0.2%
GPI	B	-0.2%
HUBG	B	-0.2%
NIC	C	-0.2%
AMAL	B	-0.2%
MTX	A	-0.2%
GPOR	D	-0.2%
CENTA	A	-0.2%
OFIX	C	-0.2%
MBIN	B	-0.2%
NBHC	B	-0.2%
EPC	B	-0.2%
MATX	B	-0.2%
HONE	B	-0.2%
EBF	C	-0.2%
SNDR	D	-0.2%
CNXN	C	-0.2%
GO	F	-0.2%
VAC	C	-0.2%
SITC	D	-0.2%
COLM	B	-0.2%
AVT	A	-0.2%
AZZ	C	-0.2%
ESAB	B	-0.2%
SJW	C	-0.2%
SCSC	A	-0.2%
CODI	D	-0.2%
AMG	D	-0.2%
INN	F	-0.2%
CNO	A	-0.2%
SCHL	F	-0.2%
ODP	F	-0.2%
CXW	B	-0.2%
FMNB	C	-0.2%
AL	C	-0.2%
DNOW	D	-0.2%
DXPE	B	-0.2%
TRMK	A	-0.2%
TDS	B	-0.2%
EGBN	F	-0.2%
EQBK	A	-0.2%
MBWM	B	-0.2%
OFG	B	-0.2%
VPG	F	-0.2%
BV	B	-0.2%
ELVN	B	-0.2%
ASIX	F	-0.2%
BHF	F	-0.2%
SWI	C	-0.19%
ACCO	D	-0.19%
KBH	B	-0.19%
CNXC	F	-0.19%
PCH	D	-0.19%
RGP	F	-0.19%
BCC	D	-0.19%
COHU	F	-0.19%
ACA	A	-0.19%
VNT	D	-0.19%
IIIN	D	-0.19%
ATGE	A	-0.19%
ACRE	F	-0.19%
NX	D	-0.19%
HTLD	D	-0.19%
ATNI	F	-0.19%
MTG	B	-0.19%
LZB	C	-0.19%
SVC	F	-0.19%
GEF	D	-0.19%
PEGA	D	-0.19%
NEU	D	-0.19%
TNL	D	-0.19%
CRUS	A	-0.19%
TARS	B	-0.19%
POWL	B	-0.19%
AGO	D	-0.19%
ENOV	F	-0.19%
PLYM	D	-0.19%
PRLB	D	-0.19%
XRX	D	-0.19%
ALIT	F	-0.19%
RUSHA	D	-0.19%
CGEM	C	-0.19%
OMI	F	-0.19%
EEFT	B	-0.19%
XHR	C	-0.19%
SHO	D	-0.19%
CCS	D	-0.18%
SGBX	D	-0.18%
IART	F	-0.18%
RNG	C	-0.18%
TDOC	F	-0.18%
MRVI	C	-0.18%
SUM	D	-0.18%
TRDA	C	-0.18%
KNSA	C	-0.18%
NWL	C	-0.18%
RPAY	C	-0.18%
ABOS	F	-0.17%
FOR	D	-0.17%
UNFI	F	-0.17%
FF	B	-0.15%
NRGV	F	-0.13%
SEB	D	-0.13%