IWO vs. SPSM ETF Comparison

Comparison of iShares Russell 2000 Growth ETF (IWO) to SPDR Portfolio Small Cap ETF (SPSM)

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

$261.23

Average Daily Volume

288,443

Number of Holdings ^*

1050

* may have additional holdings in another (foreign) market

SPSM

SPDR Portfolio Small Cap ETF

SPSM Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Small Cap Index that tracks the performance of small capitalization exchange traded U.S. equity securities. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. It may purchase a subset of the securities in the index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.32

Average Daily Volume

1,181,591

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

Performance

Period	IWO	SPSM
30 Days	-0.77%	-2.68%
60 Days	1.84%	-0.48%
90 Days	-1.31%	-1.36%
12 Months	8.31%	7.49%

286 Overlapping Holdings

Symbol	Grade	Weight in IWO	Weight in SPSM	Overlap
ACIW	A	0.28%	0.34%	0.28%
ACLS	B	0.35%	0.38%	0.35%
ADUS	B	0.06%	0.16%	0.06%
AEIS	B	0.31%	0.34%	0.31%
AEO	F	0.06%	0.32%	0.06%
AGYS	A	0.16%	0.17%	0.16%
AHCO	C	0.04%	0.07%	0.04%
AIN	D	0.18%	0.22%	0.18%
ALG	F	0.13%	0.15%	0.13%
ALGT	F	0.01%	0.06%	0.01%
ALKS	D	0.31%	0.35%	0.31%
ALRM	D	0.23%	0.26%	0.23%
AMN	F	0.15%	0.17%	0.15%
AMPH	F	0.12%	0.13%	0.12%
AMR	C	0.02%	0.28%	0.02%
AMSF	D	0.03%	0.07%	0.03%
AMWD	D	0.01%	0.1%	0.01%
ANF	B	0.34%	0.75%	0.34%
ANIP	C	0.05%	0.09%	0.05%
APAM	D	0.14%	0.24%	0.14%
APOG	C	0.04%	0.11%	0.04%
ARCB	D	0.08%	0.21%	0.08%
ARLO	B	0.08%	0.11%	0.08%
AROC	C	0.04%	0.23%	0.04%
ASO	F	0.3%	0.33%	0.3%
ASTH	B	0.14%	0.14%	0.14%
ATEN	C	0.07%	0.08%	0.07%
ATI	C	0.56%	0.6%	0.56%
AVAV	C	0.37%	0.46%	0.37%
AWR	D	0.21%	0.23%	0.21%
AX	C	0.03%	0.24%	0.03%
BANF	C	0.02%	0.11%	0.02%
BCPC	A	0.37%	0.42%	0.37%
BFS	C	0.03%	0.04%	0.03%
BGC	C	0.11%	0.26%	0.11%
BJRI	B	0.04%	0.07%	0.04%
BKE	D	0.09%	0.09%	0.09%
BL	D	0.21%	0.21%	0.21%
BLFS	B	0.05%	0.07%	0.05%
BLMN	F	0.13%	0.14%	0.13%
BMI	C	0.42%	0.46%	0.42%
BOOT	B	0.3%	0.33%	0.3%
BOX	C	0.29%	0.31%	0.29%
BSIG	C	0.02%	0.05%	0.02%
CAKE	B	0.15%	0.16%	0.15%
CALM	B	0.18%	0.21%	0.18%
CALX	C	0.16%	0.17%	0.16%
CARG	B	0.19%	0.17%	0.17%
CARS	C	0.1%	0.1%	0.1%
CASH	B	0.04%	0.12%	0.04%
CBRL	F	0.07%	0.08%	0.07%
CCOI	D	0.12%	0.19%	0.12%
CCRN	F	0.01%	0.04%	0.01%
CENX	C	0.06%	0.07%	0.06%
CEVA	F	0.03%	0.04%	0.03%
CHCO	B	0.01%	0.13%	0.01%
CHCT	D	0.03%	0.05%	0.03%
CHEF	A	0.11%	0.12%	0.11%
CHUY	F	0.03%	0.04%	0.03%
CLB	B	0.02%	0.08%	0.02%
CMP	F	0.03%	0.03%	0.03%
CNK	B	0.15%	0.19%	0.15%
CNMD	F	0.16%	0.18%	0.16%
CNS	B	0.14%	0.16%	0.14%
CNSL	B	0.0%	0.03%	0.0%
COLL	C	0.08%	0.09%	0.08%
CORT	B	0.2%	0.25%	0.2%
CPK	C	0.12%	0.2%	0.12%
CPRX	C	0.13%	0.14%	0.13%
CRSR	F	0.03%	0.04%	0.03%
CRVL	B	0.17%	0.19%	0.17%
CSGS	F	0.09%	0.1%	0.09%
CTKB	D	0.05%	0.04%	0.04%
CTRE	C	0.02%	0.3%	0.02%
CTS	D	0.12%	0.13%	0.12%
CVCO	D	0.22%	0.23%	0.22%
CVGW	F	0.03%	0.03%	0.03%
CVI	F	0.06%	0.07%	0.06%
CWT	C	0.07%	0.24%	0.07%
CXM	D	0.08%	0.09%	0.08%
DFIN	C	0.08%	0.12%	0.08%
DGII	D	0.06%	0.07%	0.06%
DIN	F	0.04%	0.05%	0.04%
DIOD	C	0.19%	0.28%	0.19%
DOCN	C	0.16%	0.15%	0.15%
DORM	C	0.18%	0.22%	0.18%
DVAX	F	0.1%	0.12%	0.1%
DY	B	0.38%	0.41%	0.38%
EAT	B	0.23%	0.28%	0.23%
EMBC	D	0.01%	0.06%	0.01%
ENR	C	0.17%	0.17%	0.17%
ENSG	A	0.51%	0.58%	0.51%
ENV	D	0.24%	0.27%	0.24%
EPAC	B	0.16%	0.18%	0.16%
EPRT	A	0.04%	0.4%	0.04%
ESE	D	0.12%	0.23%	0.12%
EVTC	D	0.17%	0.18%	0.17%
EXPI	F	0.06%	0.07%	0.06%
EXTR	C	0.13%	0.14%	0.13%
EYE	F	0.01%	0.08%	0.01%
FBP	A	0.02%	0.25%	0.02%
FCPT	B	0.02%	0.19%	0.02%
FELE	D	0.34%	0.32%	0.32%
FIZZ	A	0.09%	0.09%	0.09%
FN	B	0.7%	0.75%	0.7%
FORM	B	0.36%	0.39%	0.36%
FOXF	C	0.16%	0.17%	0.16%
FSS	D	0.39%	0.43%	0.39%
FTDR	D	0.21%	0.22%	0.21%
FUL	D	0.28%	0.35%	0.28%
FWRD	D	0.04%	0.05%	0.04%
GDEN	F	0.05%	0.06%	0.05%
GES	F	0.01%	0.05%	0.01%
GFF	C	0.12%	0.2%	0.12%
GKOS	A	0.43%	0.5%	0.43%
GMS	D	0.08%	0.27%	0.08%
GOGO	C	0.0%	0.05%	0.0%
GPRE	F	0.01%	0.09%	0.01%
GRBK	C	0.04%	0.12%	0.04%
GSHD	D	0.1%	0.12%	0.1%
GVA	B	0.03%	0.23%	0.03%
HASI	D	0.02%	0.29%	0.02%
HBI	C	0.09%	0.14%	0.09%
HCI	C	0.05%	0.05%	0.05%
HCSG	C	0.06%	0.07%	0.06%
HI	F	0.22%	0.24%	0.22%
HIBB	A	0.06%	0.09%	0.06%
HLIT	B	0.1%	0.11%	0.1%
HNI	C	0.01%	0.18%	0.01%
HRMY	C	0.08%	0.08%	0.08%
HSTM	B	0.02%	0.06%	0.02%
HWKN	B	0.13%	0.14%	0.13%
IBP	D	0.37%	0.39%	0.37%
IDCC	A	0.23%	0.25%	0.23%
INVA	B	0.01%	0.08%	0.01%
IOSP	D	0.21%	0.26%	0.21%
IPAR	F	0.17%	0.18%	0.17%
IRWD	F	0.03%	0.07%	0.03%
ITRI	D	0.03%	0.38%	0.03%
JACK	F	0.08%	0.08%	0.08%
JBSS	D	0.07%	0.07%	0.07%
JBT	F	0.24%	0.26%	0.24%
JJSF	B	0.19%	0.22%	0.19%
JOE	D	0.14%	0.16%	0.14%
KALU	C	0.1%	0.12%	0.1%
KLIC	B	0.14%	0.22%	0.14%
KRYS	B	0.3%	0.38%	0.3%
KTB	D	0.29%	0.28%	0.28%
KWR	D	0.18%	0.2%	0.18%
LBRT	D	0.02%	0.26%	0.02%
LCII	F	0.07%	0.22%	0.07%
LESL	F	0.01%	0.06%	0.01%
LGIH	F	0.01%	0.15%	0.01%
LGND	B	0.02%	0.11%	0.02%
LKFN	C	0.01%	0.13%	0.01%
LMAT	B	0.13%	0.14%	0.13%
LNN	D	0.11%	0.11%	0.11%
LPG	D	0.06%	0.12%	0.06%
LQDT	B	0.02%	0.04%	0.02%
LRN	C	0.23%	0.23%	0.23%
MARA	B	0.34%	0.45%	0.34%
MATW	F	0.02%	0.07%	0.02%
MC	A	0.14%	0.32%	0.14%
MCRI	D	0.07%	0.08%	0.07%
MGEE	D	0.11%	0.23%	0.11%
MGPI	F	0.09%	0.1%	0.09%
MGY	C	0.32%	0.39%	0.32%
MLAB	F	0.03%	0.04%	0.03%
MLI	C	0.21%	0.54%	0.21%
MMI	F	0.02%	0.06%	0.02%
MMSI	A	0.37%	0.41%	0.37%
MOG.A	C	0.07%	0.41%	0.07%
MRTN	C	0.07%	0.09%	0.07%
MSEX	D	0.07%	0.08%	0.07%
MTRN	F	0.17%	0.19%	0.17%
MXL	B	0.12%	0.13%	0.12%
MYE	F	0.04%	0.04%	0.04%
MYRG	F	0.18%	0.19%	0.18%
NABL	B	0.07%	0.09%	0.07%
NARI	C	0.18%	0.2%	0.18%
NBR	D	0.04%	0.05%	0.04%
NBTB	B	0.01%	0.15%	0.01%
NEO	D	0.01%	0.14%	0.01%
NGVT	F	0.13%	0.13%	0.13%
NMIH	A	0.02%	0.23%	0.02%
NOG	C	0.23%	0.3%	0.23%
NSIT	B	0.43%	0.47%	0.43%
NVEE	F	0.09%	0.1%	0.09%
NXRT	B	0.02%	0.07%	0.02%
OI	F	0.11%	0.15%	0.11%
OII	C	0.18%	0.2%	0.18%
OMCL	F	0.05%	0.1%	0.05%
OSIS	C	0.17%	0.18%	0.17%
OTTR	C	0.15%	0.31%	0.15%
OUT	C	0.07%	0.17%	0.07%
OXM	D	0.09%	0.12%	0.09%
PAHC	C	0.01%	0.03%	0.01%
PARR	D	0.04%	0.11%	0.04%
PATK	D	0.02%	0.19%	0.02%
PBI	A	0.04%	0.06%	0.04%
PCRX	F	0.1%	0.11%	0.1%
PDCO	F	0.03%	0.16%	0.03%
PDFS	B	0.09%	0.09%	0.09%
PECO	C	0.05%	0.33%	0.05%
PIPR	A	0.25%	0.29%	0.25%
PJT	A	0.2%	0.2%	0.2%
PLAY	F	0.1%	0.1%	0.1%
PLMR	C	0.15%	0.17%	0.15%
PLUS	C	0.01%	0.16%	0.01%
PLXS	C	0.19%	0.24%	0.19%
PRFT	B	0.2%	0.22%	0.2%
PRG	D	0.02%	0.13%	0.02%
PRGS	B	0.19%	0.2%	0.19%
PRVA	D	0.15%	0.15%	0.15%
PSMT	D	0.11%	0.17%	0.11%
PTEN	F	0.02%	0.27%	0.02%
PZZA	F	0.09%	0.13%	0.09%
QNST	C	0.06%	0.07%	0.06%
RCUS	F	0.02%	0.07%	0.02%
RDNT	B	0.27%	0.33%	0.27%
REX	F	0.01%	0.06%	0.01%
RGR	F	0.05%	0.06%	0.05%
RILY	F	0.03%	0.02%	0.02%
ROCK	D	0.09%	0.17%	0.09%
ROG	C	0.12%	0.17%	0.12%
RXO	B	0.19%	0.25%	0.19%
SABR	F	0.02%	0.08%	0.02%
SANM	B	0.01%	0.31%	0.01%
SBH	C	0.08%	0.09%	0.08%
SCL	D	0.02%	0.15%	0.02%
SDGR	F	0.08%	0.09%	0.08%
SEM	A	0.28%	0.31%	0.28%
SFBS	C	0.08%	0.25%	0.08%
SGH	B	0.02%	0.1%	0.02%
SHAK	D	0.26%	0.29%	0.26%
SHOO	C	0.24%	0.25%	0.24%
SITM	B	0.17%	0.18%	0.17%
SIX	B	0.15%	0.19%	0.15%
SKT	D	0.1%	0.25%	0.1%
SLP	D	0.06%	0.06%	0.06%
SLVM	C	0.19%	0.2%	0.19%
SMPL	D	0.25%	0.28%	0.25%
SNCY	C	0.02%	0.04%	0.02%
SNEX	C	0.02%	0.17%	0.02%
SONO	F	0.14%	0.15%	0.14%
SPNT	D	0.01%	0.09%	0.01%
SPSC	C	0.53%	0.58%	0.53%
SPWR	F	0.02%	0.02%	0.02%
SSTK	F	0.07%	0.08%	0.07%
STAA	B	0.18%	0.19%	0.18%
STEP	A	0.19%	0.2%	0.19%
SUPN	F	0.1%	0.12%	0.1%
SXI	D	0.12%	0.16%	0.12%
SXT	D	0.24%	0.26%	0.24%
TBBK	B	0.14%	0.16%	0.14%
TDW	C	0.34%	0.38%	0.34%
THRM	D	0.12%	0.13%	0.12%
THS	C	0.02%	0.15%	0.02%
TNC	C	0.07%	0.16%	0.07%
TRN	C	0.03%	0.21%	0.03%
TRUP	C	0.09%	0.09%	0.09%
TTGT	B	0.06%	0.07%	0.06%
UFPT	B	0.14%	0.15%	0.14%
UHT	C	0.04%	0.04%	0.04%
URBN	B	0.07%	0.21%	0.07%
USNA	F	0.04%	0.04%	0.04%
USPH	F	0.11%	0.12%	0.11%
UTL	C	0.02%	0.07%	0.02%
VCEL	D	0.17%	0.19%	0.17%
VGR	B	0.02%	0.12%	0.02%
VIAV	F	0.1%	0.13%	0.1%
VICR	F	0.06%	0.06%	0.06%
VIR	F	0.0%	0.07%	0.0%
VRRM	B	0.29%	0.39%	0.29%
VRTS	C	0.02%	0.13%	0.02%
VVI	D	0.05%	0.06%	0.05%
WABC	C	0.03%	0.11%	0.03%
WDFC	D	0.23%	0.25%	0.23%
WERN	D	0.03%	0.19%	0.03%
WHD	B	0.26%	0.29%	0.26%
WNC	D	0.08%	0.08%	0.08%
WRLD	D	0.0%	0.04%	0.0%
WWW	B	0.07%	0.09%	0.07%
XNCR	F	0.05%	0.1%	0.05%
XPEL	F	0.06%	0.06%	0.06%
YELP	F	0.19%	0.21%	0.19%

IWO Overweight 764 Positions Relative to SPSM

Symbol	Grade	Weight
SMCI	C	3.5%
MSTR	D	1.75%
ELF	B	0.91%
FIX	D	0.86%
INSM	B	0.78%
FTAI	A	0.78%
ONTO	B	0.71%
WFRD	B	0.68%
SFM	A	0.64%
PCVX	B	0.64%
SSD	F	0.57%
AIT	B	0.57%
ITCI	C	0.55%
HQY	B	0.55%
HALO	B	0.52%
BPMC	A	0.51%
CHX	C	0.5%
DUOL	D	0.48%
NXT	D	0.48%
CVNA	B	0.47%
MTSI	A	0.47%
RMBS	C	0.47%
NOVT	C	0.45%
AAON	B	0.45%
FLR	B	0.44%
RHP	D	0.44%
LNTH	B	0.43%
SIGI	F	0.43%
CWST	B	0.43%
APG	C	0.42%
QLYS	D	0.41%
MMS	B	0.41%
ALTR	B	0.41%
SPXC	B	0.4%
VKTX	D	0.4%
CYTK	D	0.4%
TENB	C	0.39%
VRNS	B	0.39%
WTS	D	0.39%
EXLS	B	0.39%
CBT	D	0.39%
COKE	B	0.39%
ATKR	F	0.38%
CVLT	A	0.38%
APPF	B	0.37%
EXPO	B	0.37%
OPCH	D	0.36%
TMDX	B	0.36%
LNW	B	0.35%
BCO	B	0.35%
VAL	B	0.34%
NE	D	0.33%
MDGL	B	0.33%
HAE	D	0.32%
RVMD	D	0.31%
FCFS	D	0.31%
CSWI	B	0.31%
CRDO	B	0.3%
POWI	F	0.3%
ENS	B	0.3%
HRI	D	0.29%
FFIN	C	0.29%
GTLS	D	0.29%
PI	C	0.28%
WK	F	0.28%
LANC	C	0.28%
QTWO	C	0.27%
SLAB	F	0.27%
ALTM	F	0.27%
CBZ	D	0.27%
BLKB	D	0.26%
AXNX	B	0.26%
KAI	B	0.26%
IRTC	D	0.25%
TNET	F	0.25%
MOD	B	0.25%
NSP	F	0.25%
GH	C	0.25%
HGV	D	0.24%
STRL	C	0.24%
ARWR	C	0.23%
ICFI	D	0.22%
AXSM	B	0.22%
FOLD	F	0.22%
CERE	C	0.22%
VC	D	0.22%
DNLI	C	0.21%
MWA	C	0.21%
KOS	D	0.2%
ORA	C	0.2%
SWTX	D	0.2%
MGRC	D	0.2%
RPD	C	0.2%
HLNE	B	0.2%
PRCT	C	0.19%
ZETA	B	0.19%
HIMS	C	0.19%
TGTX	B	0.19%
BE	F	0.19%
PGNY	D	0.18%
SG	C	0.18%
ACVA	C	0.18%
ROAD	C	0.18%
BDC	C	0.18%
RYTM	B	0.17%
IGT	D	0.17%
NJR	C	0.17%
ENVX	B	0.17%
EVH	F	0.17%
ACAD	D	0.16%
PTCT	D	0.16%
PD	B	0.16%
BRZE	D	0.16%
SKY	F	0.16%
BBIO	F	0.16%
NUVL	C	0.16%
BRBR	C	0.16%
TEX	D	0.16%
FRSH	D	0.16%
ACLX	C	0.16%
BWIN	A	0.16%
STNE	F	0.16%
GOLF	C	0.15%
UPST	F	0.14%
FLYW	F	0.14%
BATRK	C	0.14%
AI	B	0.14%
PRKS	B	0.14%
HURN	B	0.14%
VRNT	C	0.14%
BEAM	F	0.13%
AVDX	B	0.13%
SPT	D	0.13%
ETRN	D	0.13%
RELY	D	0.13%
SGRY	F	0.13%
RXST	D	0.13%
GERN	C	0.13%
NSSC	A	0.13%
DRS	B	0.13%
ATMU	D	0.12%
UPBD	D	0.12%
AVPT	A	0.12%
CSTM	D	0.12%
PSN	B	0.12%
YOU	B	0.12%
LAUR	C	0.12%
HLIO	D	0.12%
ARRY	F	0.12%
RKLB	C	0.11%
WT	B	0.11%
VITL	B	0.11%
INMD	F	0.11%
RRR	B	0.11%
WRBY	B	0.11%
IMVT	F	0.11%
HEES	F	0.11%
BORR	C	0.11%
PAGS	C	0.11%
AKRO	C	0.11%
EVBG	B	0.11%
INTA	B	0.11%
PAYO	D	0.11%
IDYA	F	0.11%
DDS	D	0.11%
KYMR	D	0.1%
ARVN	F	0.1%
ADMA	B	0.1%
APPN	D	0.1%
RIOT	D	0.1%
AMBA	B	0.1%
OSW	B	0.1%
PWSC	B	0.1%
MEG	C	0.1%
ASTS	B	0.1%
ZUO	C	0.1%
UPWK	D	0.1%
SNDX	C	0.1%
SHLS	F	0.09%
FLNC	F	0.09%
PHR	F	0.09%
MNKD	B	0.09%
ALKT	A	0.09%
JAMF	D	0.09%
ASAN	D	0.09%
IESC	C	0.09%
LZ	F	0.09%
PTGX	B	0.09%
MORF	C	0.09%
KFRC	D	0.09%
KROS	F	0.09%
MSGE	D	0.09%
SYBT	B	0.09%
NVAX	C	0.09%
CRAI	B	0.09%
VCTR	D	0.09%
RCKT	F	0.09%
MTDR	C	0.09%
UTZ	D	0.09%
OEC	F	0.09%
ARDX	F	0.08%
PR	C	0.08%
TRNS	C	0.08%
AMRC	D	0.08%
UFPI	D	0.08%
ADEA	C	0.08%
COCO	C	0.08%
SILK	B	0.08%
SPNS	B	0.08%
INFN	B	0.08%
ASGN	D	0.08%
JBI	D	0.08%
UUUU	F	0.07%
STR	B	0.07%
ZWS	D	0.07%
PRTA	F	0.07%
INDI	F	0.07%
BCRX	B	0.07%
NG	D	0.07%
CMPR	B	0.07%
COMP	D	0.07%
SMMT	C	0.07%
COUR	F	0.07%
PRO	F	0.07%
VZIO	B	0.06%
ERII	F	0.06%
MGNI	B	0.06%
CWH	F	0.06%
ARQT	B	0.06%
USLM	B	0.06%
APGE	D	0.06%
AUPH	C	0.06%
SQSP	A	0.06%
FSLY	F	0.06%
AMK	B	0.06%
UDMY	D	0.06%
IMAX	B	0.06%
SAVA	F	0.06%
HLF	C	0.06%
XPRO	B	0.06%
ATRC	C	0.06%
HY	C	0.06%
OCUL	B	0.06%
BBSI	B	0.06%
DAWN	F	0.06%
MIRM	B	0.06%
FIGS	C	0.05%
ETNB	F	0.05%
ZIP	D	0.05%
CLDX	C	0.05%
AMPL	D	0.05%
BECN	D	0.05%
RVLV	F	0.05%
PLRX	F	0.05%
RSI	B	0.05%
IE	D	0.05%
ATRI	B	0.05%
HL	D	0.05%
NEXT	B	0.05%
IMXI	C	0.05%
CDRE	C	0.05%
PNTG	A	0.05%
HROW	B	0.05%
IAS	C	0.05%
PWP	B	0.05%
RDFN	F	0.05%
SMR	B	0.05%
BASE	D	0.05%
VERA	D	0.05%
ALHC	B	0.05%
DYN	B	0.05%
PAX	F	0.05%
DBRG	D	0.05%
LGF.A	D	0.05%
GSAT	D	0.05%
IBRX	D	0.05%
INST	C	0.04%
MITK	F	0.04%
GDYN	C	0.04%
EOLS	F	0.04%
CBL	B	0.04%
LAZR	F	0.04%
KRUS	F	0.04%
ALX	B	0.04%
OSPN	B	0.04%
CASS	D	0.04%
JOBY	F	0.04%
CRNX	C	0.04%
NRDS	B	0.04%
CCB	B	0.04%
DOLE	C	0.04%
SIBN	D	0.04%
HCKT	C	0.04%
CLFD	C	0.04%
PRMW	C	0.04%
STKL	C	0.04%
VRDN	F	0.04%
IIIV	B	0.04%
GRND	B	0.04%
ARKO	C	0.04%
PETQ	A	0.04%
LPRO	F	0.04%
PLOW	F	0.04%
BBUC	C	0.04%
SAGE	F	0.04%
BIGC	C	0.04%
YORW	C	0.04%
APLD	B	0.04%
ACEL	D	0.04%
TPB	B	0.04%
SOUN	D	0.04%
YEXT	D	0.04%
TVTX	C	0.04%
FLNG	B	0.04%
ZD	F	0.04%
SRDX	A	0.04%
ALEC	F	0.03%
HRTX	C	0.03%
ALNT	F	0.03%
NRC	F	0.03%
PNM	D	0.03%
EB	F	0.03%
BWMN	C	0.03%
MQ	C	0.03%
SIGA	C	0.03%
ENFN	D	0.03%
NOVA	D	0.03%
MRC	C	0.03%
CSV	B	0.03%
LWLG	F	0.03%
PX	C	0.03%
CRGY	B	0.03%
LGF.A	D	0.03%
COGT	C	0.03%
MLNK	B	0.03%
RICK	F	0.03%
ANAB	B	0.03%
URGN	C	0.03%
BTSG	C	0.03%
CLSK	C	0.03%
INOD	B	0.03%
MNTK	C	0.03%
ATEC	F	0.03%
GCMG	A	0.03%
IRON	C	0.03%
DHIL	D	0.03%
ATXS	F	0.03%
KIDS	D	0.03%
EVER	C	0.03%
SEMR	C	0.03%
EVRI	C	0.03%
BYND	F	0.03%
SHYF	F	0.03%
ATEX	B	0.03%
IDT	C	0.03%
ACCD	F	0.03%
NN	C	0.03%
TTI	D	0.03%
BATRA	C	0.03%
AGS	B	0.03%
FC	C	0.03%
BIPC	B	0.03%
MBUU	F	0.03%
SGHC	D	0.03%
DMRC	B	0.03%
LQDA	D	0.03%
CDMO	F	0.03%
PTLO	F	0.03%
JYNT	D	0.02%
EVCM	B	0.02%
PPTA	D	0.02%
TERN	C	0.02%
BOWL	B	0.02%
INSE	D	0.02%
FORR	D	0.02%
RCEL	F	0.02%
GLNG	B	0.02%
CSTL	D	0.02%
OM	D	0.02%
PBPB	D	0.02%
MVIS	F	0.02%
YMAB	D	0.02%
WTI	D	0.02%
PRME	F	0.02%
GBTG	B	0.02%
UTMD	F	0.02%
OSCR	D	0.02%
VMD	D	0.02%
CLMB	B	0.02%
IRBT	F	0.02%
RVNC	F	0.02%
MED	F	0.02%
CRMD	D	0.02%
CABA	F	0.02%
LUNG	F	0.02%
OOMA	C	0.02%
COMM	F	0.02%
FIHL	C	0.02%
CTOS	F	0.02%
BRCC	C	0.02%
KIND	C	0.02%
FNKO	B	0.02%
AMSWA	D	0.02%
ZNTL	F	0.02%
ARTNA	C	0.02%
MAX	F	0.02%
DOMO	C	0.02%
DFH	F	0.02%
RMR	D	0.02%
REPX	B	0.02%
CYRX	F	0.02%
ABUS	B	0.02%
DCGO	F	0.02%
TH	D	0.02%
OLO	F	0.02%
EGHT	D	0.02%
BBW	D	0.02%
HUMA	D	0.02%
CTLP	C	0.02%
LTH	B	0.02%
EE	B	0.02%
TCMD	F	0.02%
TWKS	F	0.02%
DSGR	D	0.02%
NHI	A	0.02%
AGM	C	0.02%
RDVT	A	0.02%
SYNA	F	0.02%
CRCT	F	0.02%
DENN	F	0.02%
LFST	F	0.02%
ESQ	C	0.02%
ADPT	C	0.02%
CHGG	F	0.02%
FNA	F	0.02%
PL	F	0.02%
WEST	C	0.02%
AXGN	B	0.02%
SKWD	C	0.02%
NTLA	F	0.02%
AEHR	F	0.02%
XERS	C	0.02%
TMCI	F	0.02%
GATX	B	0.02%
DNUT	F	0.02%
VYGR	F	0.02%
WEAV	D	0.02%
XPOF	B	0.02%
LOVE	F	0.02%
LYTS	D	0.02%
CERS	F	0.02%
IRMD	B	0.02%
AVXL	C	0.02%
EWCZ	F	0.02%
CGON	F	0.02%
NVEC	D	0.02%
GIC	F	0.02%
MCFT	F	0.02%
MODV	D	0.02%
AVO	D	0.01%
AESI	D	0.01%
SBGI	C	0.01%
ATOM	F	0.01%
VTNR	F	0.01%
LXEO	D	0.01%
SKYX	D	0.01%
SCWO	D	0.01%
HQI	D	0.01%
MRNS	F	0.01%
LXRX	F	0.01%
VERI	F	0.01%
NAPA	F	0.01%
NVTS	F	0.01%
CNTY	F	0.01%
VMEO	F	0.01%
EGY	C	0.01%
FA	C	0.01%
FDMT	F	0.01%
AVBP	C	0.01%
TCX	F	0.01%
QTRX	F	0.01%
NDLS	D	0.01%
MGNX	F	0.01%
SSP	F	0.01%
ACRS	F	0.01%
TYRA	C	0.01%
BBAI	F	0.01%
EVEX	F	0.01%
EP	F	0.01%
OPTN	F	0.01%
MPX	F	0.01%
TELA	F	0.01%
INBX	F	0.01%
ODC	F	0.01%
PHAT	C	0.01%
EXFY	F	0.01%
HLVX	C	0.01%
SRI	F	0.01%
PDSB	F	0.01%
BLNK	F	0.01%
DH	D	0.01%
CURV	B	0.01%
PRTH	B	0.01%
MOND	D	0.01%
BOOM	C	0.01%
SPCE	F	0.01%
EVI	D	0.01%
STKS	F	0.01%
BMEA	F	0.01%
KRMD	D	0.01%
KFS	C	0.01%
HTBI	A	0.01%
BBCP	F	0.01%
LMB	B	0.01%
GOOD	B	0.01%
OMER	C	0.01%
DJCO	A	0.01%
PAR	B	0.01%
BAND	C	0.01%
MGTX	F	0.01%
ITI	D	0.01%
AMLX	F	0.01%
SBOW	B	0.01%
TREE	C	0.01%
NVRO	F	0.01%
UVE	D	0.01%
INNV	C	0.01%
UTI	C	0.01%
CMPO	B	0.01%
EAF	F	0.01%
NRDY	F	0.01%
TTEC	F	0.01%
DC	F	0.01%
SMTI	F	0.01%
SSTI	D	0.01%
KPTI	F	0.01%
LUNA	D	0.01%
KLTR	D	0.01%
SNBR	F	0.01%
THR	D	0.01%
INTT	D	0.01%
CWCO	F	0.01%
VTYX	F	0.01%
CVRX	C	0.01%
TIPT	D	0.01%
ALTI	D	0.01%
CCRD	D	0.01%
TSQ	C	0.01%
RRGB	F	0.01%
EVC	D	0.01%
HBIO	F	0.01%
FHTX	D	0.01%
OBIO	B	0.01%
BLBD	C	0.01%
SEAT	D	0.01%
GAMB	D	0.01%
KE	F	0.01%
GCBC	B	0.01%
SCPH	D	0.01%
INFU	F	0.01%
CDZI	B	0.01%
PMTS	B	0.01%
QIPT	F	0.01%
CRD.B	F	0.01%
EGAN	F	0.01%
SLRN	F	0.01%
PAYS	C	0.01%
CLPT	F	0.01%
ISPR	C	0.01%
NTB	B	0.01%
KGS	C	0.01%
FSBC	B	0.01%
CCBG	B	0.01%
MRSN	F	0.01%
LCTX	F	0.01%
SGHT	C	0.01%
RIGL	F	0.01%
MLP	C	0.01%
PLPC	F	0.01%
LVWR	C	0.01%
IBEX	B	0.01%
AORT	B	0.01%
DSP	B	0.01%
HPK	D	0.01%
SKYT	D	0.01%
PFMT	D	0.01%
LMND	D	0.01%
SVV	D	0.01%
GWRS	C	0.01%
VRCA	D	0.01%
FLL	D	0.01%
CHRS	F	0.01%
PUBM	C	0.01%
CRGX	D	0.01%
PCT	C	0.01%
SKIN	F	0.01%
GNE	D	0.01%
RMNI	C	0.01%
SAMG	C	0.01%
PFSI	B	0.01%
KNTK	A	0.01%
UMH	A	0.01%
SMLR	C	0.01%
ZYXI	D	0.01%
OPRX	F	0.01%
ALDX	F	0.01%
ARAY	F	0.01%
OFLX	F	0.01%
FWRG	F	0.01%
SFIX	B	0.01%
EPM	F	0.01%
NATH	B	0.01%
CCSI	F	0.01%
ACMR	C	0.01%
EYPT	F	0.01%
PRIM	C	0.01%
CLBK	D	0.01%
ECVT	F	0.01%
IONQ	F	0.01%
ALTG	F	0.01%
TPIC	D	0.01%
ULCC	F	0.01%
PACB	F	0.01%
EOSE	C	0.01%
BALY	D	0.01%
GRC	B	0.01%
LIVN	D	0.01%
KRT	C	0.01%
HCAT	F	0.01%
ATNM	D	0.01%
LBPH	B	0.01%
PCYO	F	0.01%
RNAC	F	0.0%
TWOU	F	0.0%
ATRA	F	0.0%
NB	F	0.0%
CXAI	F	0.0%
CUTR	F	0.0%
BIVI	F	0.0%
LPTV	F	0.0%
ESCA	D	0.0%
LLAP	D	0.0%
AMPX	F	0.0%
QRTEB	F	0.0%
KLXE	F	0.0%
VATE	F	0.0%
RBOT	F	0.0%
VLD	F	0.0%
CTXR	F	0.0%
CMT	F	0.0%
ATLC	C	0.0%
GNLX	F	0.0%
CMPX	F	0.0%
RGCO	D	0.0%
ZVIA	F	0.0%
TCBX	C	0.0%
XAIR	F	0.0%
RPHM	F	0.0%
CIFR	B	0.0%
BSVN	B	0.0%
AKTS	F	0.0%
CLAR	D	0.0%
PTSI	D	0.0%
IAUX	F	0.0%
SCLX	C	0.0%
RCKY	C	0.0%
SES	F	0.0%
AVTE	F	0.0%
MVBF	F	0.0%
CVGI	F	0.0%
SVRA	D	0.0%
MEC	B	0.0%
BOC	F	0.0%
NOTE	C	0.0%
TSBX	F	0.0%
MAXN	F	0.0%
BW	D	0.0%
TDUP	F	0.0%
PIII	F	0.0%
BGXX	D	0.0%
EYEN	D	0.0%
ORGO	D	0.0%
BTAI	F	0.0%
IMRX	F	0.0%
SHCR	B	0.0%
SOI	C	0.0%
BCML	C	0.0%
DFLI	F	0.0%
TELL	C	0.0%
MXCT	F	0.0%
PLBC	D	0.0%
FTCI	F	0.0%
CWBC	B	0.0%
FENC	F	0.0%
RNAC	F	0.0%
GTN	D	0.0%
PROK	F	0.0%
ELA	D	0.0%
ENTA	C	0.0%
NNOX	F	0.0%
FARO	F	0.0%
CDXS	D	0.0%
LIND	B	0.0%
AVAH	B	0.0%
CMBM	F	0.0%
HOUS	F	0.0%
VALU	B	0.0%
DTC	D	0.0%
CZFS	D	0.0%
RYI	F	0.0%
EVGO	C	0.0%
STER	C	0.0%
MCB	C	0.0%
CLPR	D	0.0%
APPS	F	0.0%
LNZA	F	0.0%
RM	C	0.0%
ARIS	C	0.0%
SANA	F	0.0%
ASUR	C	0.0%
AGEN	C	0.0%
XFOR	F	0.0%
BTMD	B	0.0%
FG	D	0.0%
SGMT	F	0.0%
AVD	F	0.0%
SPRY	C	0.0%
ACDC	F	0.0%
EHTH	F	0.0%
FEAM	F	0.0%
ITIC	B	0.0%
PLSE	B	0.0%
MLR	D	0.0%
PEPG	B	0.0%
NVCT	D	0.0%
AIRS	F	0.0%
JANX	D	0.0%
LPSN	F	0.0%
HSHP	B	0.0%
BTBT	B	0.0%
CUE	F	0.0%
MCRB	F	0.0%
MURA	F	0.0%
FSBW	B	0.0%
XMTR	F	0.0%
EVLV	F	0.0%
ARCT	F	0.0%
OMGA	D	0.0%
HG	C	0.0%
BELFB	B	0.0%
PRTS	F	0.0%
III	D	0.0%
OPEN	F	0.0%
STEL	C	0.0%
MLYS	C	0.0%
AKYA	F	0.0%
PLL	F	0.0%
CTGO	D	0.0%
NMRA	D	0.0%
HDSN	F	0.0%
OTLK	F	0.0%
CPS	D	0.0%
RDW	B	0.0%
RAPT	F	0.0%

IWO Underweight 293 Positions Relative to SPSM

Symbol	Grade	Weight
RHI	F	-0.55%
CMA	C	-0.54%
MTH	D	-0.5%
SM	D	-0.47%
CRS	B	-0.45%
OGN	C	-0.45%
LNC	B	-0.45%
ALK	D	-0.44%
SEE	F	-0.44%
COOP	D	-0.44%
AWI	D	-0.42%
JXN	B	-0.42%
AL	D	-0.42%
VFC	D	-0.4%
BCC	F	-0.4%
WIRE	A	-0.39%
RDN	B	-0.39%
ABG	D	-0.38%
MATX	B	-0.37%
ACA	D	-0.34%
GPI	D	-0.33%
ITGR	C	-0.33%
AGO	B	-0.33%
SIG	D	-0.33%
AAP	F	-0.31%
HP	D	-0.3%
TPH	D	-0.3%
SLG	B	-0.3%
PBH	B	-0.29%
KFY	B	-0.29%
IAC	F	-0.28%
HCC	C	-0.28%
SKYW	B	-0.28%
MHO	D	-0.28%
CRC	B	-0.28%
DXC	C	-0.28%
ABCB	B	-0.27%
BXMT	C	-0.27%
MSGS	B	-0.27%
WD	B	-0.27%
MAC	D	-0.27%
ABM	B	-0.27%
APLE	D	-0.27%
NPO	D	-0.26%
IIPR	B	-0.26%
UCBI	C	-0.25%
BRC	B	-0.25%
FULT	C	-0.25%
MPW	F	-0.24%
RUN	D	-0.24%
AUB	C	-0.24%
REZI	D	-0.24%
AVA	D	-0.23%
UNF	B	-0.23%
MTX	B	-0.23%
LXP	B	-0.23%
GNW	D	-0.23%
CEIX	B	-0.23%
HUBG	B	-0.23%
ABR	B	-0.23%
HIW	B	-0.23%
CATY	C	-0.23%
DV	D	-0.23%
WSFS	A	-0.23%
ARCH	C	-0.23%
PENN	C	-0.23%
SITC	B	-0.22%
KSS	F	-0.22%
FHB	C	-0.22%
VECO	B	-0.22%
TNDM	D	-0.22%
RUSHA	D	-0.22%
NWL	F	-0.21%
ATGE	A	-0.21%
AZZ	D	-0.2%
BTU	C	-0.2%
CBU	B	-0.2%
AIR	B	-0.2%
ICUI	B	-0.2%
STRA	D	-0.2%
CVBF	B	-0.19%
GO	D	-0.19%
MYGN	B	-0.19%
DEI	C	-0.19%
CCS	D	-0.19%
BOH	C	-0.19%
FFBC	C	-0.18%
PPBI	C	-0.18%
BKU	B	-0.18%
CWEN	D	-0.18%
SFNC	C	-0.18%
UCTT	A	-0.18%
SATS	B	-0.18%
B	B	-0.18%
FL	D	-0.18%
UE	A	-0.18%
VSTO	B	-0.18%
MODG	D	-0.18%
JBLU	B	-0.17%
IART	C	-0.17%
RAMP	C	-0.17%
TTMI	B	-0.17%
INDB	D	-0.17%
EPC	B	-0.17%
CWK	D	-0.17%
FTRE	D	-0.17%
VIRT	C	-0.17%
SHO	D	-0.17%
KMT	D	-0.16%
TALO	D	-0.16%
MLKN	C	-0.16%
SMTC	C	-0.16%
TRIP	D	-0.16%
SBCF	C	-0.16%
TDS	B	-0.16%
PINC	F	-0.16%
NATL	B	-0.16%
PRK	A	-0.16%
DRH	D	-0.15%
OFG	A	-0.15%
PFS	D	-0.15%
GEO	C	-0.15%
TRMK	C	-0.15%
KAR	C	-0.15%
CENTA	D	-0.15%
PHIN	D	-0.15%
AKR	A	-0.15%
WAFD	C	-0.15%
VSTS	F	-0.14%
PEB	D	-0.14%
CABO	F	-0.14%
BANR	B	-0.14%
HLX	A	-0.14%
STC	C	-0.14%
ENVA	B	-0.14%
RNST	C	-0.14%
BANC	C	-0.14%
COHU	B	-0.13%
WOR	F	-0.13%
CERT	D	-0.13%
KN	C	-0.13%
GBX	D	-0.13%
HAYW	F	-0.13%
WGO	F	-0.13%
SJW	D	-0.13%
ROIC	B	-0.13%
PLAB	D	-0.13%
LZB	B	-0.13%
IBTX	B	-0.13%
ANDE	D	-0.13%
DAN	F	-0.13%
FCF	C	-0.12%
GNL	C	-0.12%
MCY	C	-0.12%
HTH	C	-0.12%
PRDO	C	-0.12%
NBHC	A	-0.12%
NWBI	B	-0.12%
XHR	D	-0.12%
BHE	B	-0.12%
VSCO	F	-0.12%
MRCY	D	-0.12%
SEDG	F	-0.12%
LTC	A	-0.12%
XRX	F	-0.12%
DNOW	D	-0.12%
LEG	F	-0.12%
NHC	A	-0.12%
HOPE	C	-0.11%
JBGS	B	-0.11%
DEA	B	-0.11%
ICHR	C	-0.11%
ODP	D	-0.11%
FBNC	C	-0.11%
GTY	D	-0.11%
NTCT	D	-0.11%
FBK	B	-0.11%
ARI	D	-0.11%
RC	C	-0.11%
HMN	D	-0.11%
CUBI	B	-0.11%
CXW	D	-0.11%
POWL	D	-0.11%
NWN	F	-0.11%
KW	C	-0.1%
NAVI	D	-0.1%
TGI	B	-0.1%
UVV	D	-0.1%
PMT	C	-0.1%
ALEX	B	-0.1%
SLCA	B	-0.1%
STBA	B	-0.1%
CSR	B	-0.09%
LUMN	D	-0.09%
CRK	D	-0.09%
AAT	B	-0.09%
OMI	F	-0.09%
EIG	B	-0.09%
GIII	F	-0.09%
SCSC	D	-0.09%
CAL	D	-0.09%
VBTX	B	-0.09%
KLG	F	-0.09%
SAFT	D	-0.09%
SCHL	D	-0.08%
PFBC	C	-0.08%
MATV	D	-0.08%
BHLB	C	-0.08%
NX	F	-0.08%
ECPG	D	-0.08%
VSAT	F	-0.08%
WS	C	-0.08%
DLX	B	-0.08%
EFC	A	-0.08%
UNFI	C	-0.07%
SHEN	C	-0.07%
SAH	D	-0.07%
SXC	C	-0.07%
VTOL	B	-0.07%
KOP	F	-0.07%
CWEN	D	-0.07%
SVC	F	-0.07%
AXL	F	-0.07%
CLW	C	-0.07%
RWT	B	-0.07%
TILE	C	-0.07%
AOSL	B	-0.07%
AVNS	D	-0.07%
SCVL	B	-0.06%
MCW	F	-0.06%
HZO	C	-0.06%
CFFN	B	-0.06%
ASTE	F	-0.06%
NVRI	B	-0.06%
DCOM	B	-0.06%
KELYA	D	-0.06%
MNRO	F	-0.06%
PUMP	F	-0.06%
CNXN	D	-0.06%
AHH	C	-0.06%
FDP	D	-0.06%
HAYN	C	-0.06%
BRKL	C	-0.06%
SBSI	C	-0.06%
PRAA	F	-0.06%
PRLB	F	-0.06%
BDN	C	-0.06%
KREF	F	-0.05%
CPF	A	-0.05%
HTLD	C	-0.05%
TR	C	-0.05%
AMBC	F	-0.05%
TMP	C	-0.05%
THRY	F	-0.05%
VREX	F	-0.05%
IIIN	D	-0.05%
HAIN	D	-0.05%
HFWA	D	-0.05%
HPP	D	-0.05%
DXPE	D	-0.05%
ASIX	F	-0.05%
WSR	B	-0.05%
INN	D	-0.05%
ETD	D	-0.05%
BGS	F	-0.05%
HSII	D	-0.05%
DRQ	F	-0.05%
PRA	F	-0.05%
MD	F	-0.05%
SPTN	F	-0.05%
UNIT	F	-0.05%
DDD	F	-0.04%
ZEUS	F	-0.04%
UFCS	C	-0.04%
GDOT	D	-0.04%
HTZ	F	-0.04%
HAFC	B	-0.04%
RGNX	F	-0.04%
RES	F	-0.04%
TRST	B	-0.04%
EGBN	D	-0.04%
EZPW	C	-0.04%
SMP	F	-0.04%
NUS	F	-0.04%
DBI	F	-0.03%
HVT	F	-0.03%
TWI	D	-0.03%
CENT	F	-0.03%
MERC	F	-0.03%
NPK	D	-0.03%
MOV	D	-0.03%
FLGT	F	-0.03%
AMCX	F	-0.02%