IWR vs. USNZ ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ)

IWR

iShares Russell Mid-Cap ETF

IWR Description

The investment seeks to track the investment results of an index composed of mid-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. The underlying index measures the performance of the mid-capitalization sector of the U.S. equity market. The underlying index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000® Index.

Grade (RS Rating)

Last Trade

$94.53

Average Daily Volume

1,461,787

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

USNZ

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

USNZ Description

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF is an exchange traded fund launched and managed by DBX Advisors LLC. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the Solactive ISS ESG United States Net Zero Pathway Enhanced Index, by using full replication technique. The fund does not invest in companies operating across controversial weapons, exhibit poor overall ESG performance, fossil fuels, oil sands, hydraulic fracturing and shale oil/gas, artic or deep water drilling, tobacco, weapons and firearms, alcohol, gambling, adult entertainment or recreational cannabis. Xtrackers Net Zero Pathway Paris Aligned US Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$37.91

Average Daily Volume

6,669

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

Performance

Period	IWR	USNZ
30 Days	6.87%	1.39%
60 Days	7.84%	2.90%
90 Days	9.96%	3.59%
12 Months	34.02%	30.67%

185 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in USNZ	Overlap
	A	D	0.31%	0.09%	0.09%
	ACGL	D	0.3%	0.07%	0.07%
	ADM	D	0.21%	0.0%	0.0%
	AFL	B	0.51%	0.11%	0.11%
	AJG	B	0.52%	0.14%	0.14%
	AKAM	D	0.11%	0.03%	0.03%
	ALGN	D	0.14%	0.12%	0.12%
	ALL	A	0.43%	0.07%	0.07%
	ALNY	D	0.24%	0.17%	0.17%
	AMP	A	0.46%	0.1%	0.1%
	APTV	D	0.12%	0.1%	0.1%
	ARE	D	0.15%	0.13%	0.13%
	ARES	A	0.25%	0.08%	0.08%
	AVB	B	0.27%	0.18%	0.18%
	AVTR	F	0.12%	0.12%	0.12%
	AWK	D	0.22%	0.49%	0.22%
	BALL	D	0.15%	0.12%	0.12%
	BAX	D	0.13%	0.12%	0.12%
	BBY	D	0.16%	0.08%	0.08%
	BIIB	F	0.19%	0.12%	0.12%
	BK	A	0.48%	0.13%	0.13%
	BMRN	D	0.1%	0.11%	0.1%
	BR	A	0.22%	0.05%	0.05%
	CAG	D	0.1%	0.09%	0.09%
	CAH	B	0.24%	0.1%	0.1%
	CBOE	B	0.17%	0.05%	0.05%
	CBRE	B	0.33%	0.06%	0.06%
	CCI	D	0.37%	0.2%	0.2%
	CDW	F	0.2%	0.05%	0.05%
	CFG	B	0.17%	0.03%	0.03%
	CHD	B	0.22%	0.16%	0.16%
	CHTR	C	0.3%	0.08%	0.08%
	CINF	A	0.19%	0.04%	0.04%
	CLX	B	0.17%	0.16%	0.16%
	CNC	D	0.25%	0.07%	0.07%
	COIN	C	0.5%	0.12%	0.12%
	COR	B	0.33%	0.17%	0.17%
	CPAY	A	0.2%	0.06%	0.06%
	CPB	D	0.07%	0.1%	0.07%
	CSGP	D	0.24%	0.06%	0.06%
	CTSH	B	0.32%	0.08%	0.08%
	CTVA	C	0.32%	0.19%	0.19%
	DAL	C	0.34%	0.17%	0.17%
	DDOG	A	0.31%	0.07%	0.07%
	DFS	B	0.36%	0.1%	0.1%
	DGX	A	0.15%	0.04%	0.04%
	DHI	D	0.39%	0.19%	0.19%
	DLR	B	0.48%	0.24%	0.24%
	DOC	D	0.12%	0.14%	0.12%
	DOV	A	0.23%	0.13%	0.13%
	DOX	D	0.08%	0.02%	0.02%
	DPZ	C	0.12%	0.03%	0.03%
	DXCM	D	0.25%	0.13%	0.13%
	EA	A	0.36%	0.08%	0.08%
	EBAY	D	0.26%	0.19%	0.19%
	EFX	F	0.25%	0.07%	0.07%
	EG	C	0.13%	0.02%	0.02%
	EIX	B	0.26%	0.56%	0.26%
	ENPH	F	0.06%	0.08%	0.06%
	EQR	B	0.23%	0.16%	0.16%
	ESS	B	0.16%	0.15%	0.15%
	EXPD	D	0.14%	0.12%	0.12%
	EXPE	B	0.19%	0.06%	0.06%
	EXR	D	0.28%	0.19%	0.19%
	FAST	B	0.39%	0.23%	0.23%
	FICO	B	0.44%	0.12%	0.12%
	FIS	C	0.41%	0.1%	0.1%
	FITB	A	0.26%	0.07%	0.07%
	FNF	B	0.13%	0.02%	0.02%
	FOX	A	0.05%	0.01%	0.01%
	FOXA	B	0.09%	0.02%	0.02%
	GEHC	F	0.31%	0.18%	0.18%
	GEN	B	0.13%	0.04%	0.04%
	GFS	C	0.03%	0.06%	0.03%
	GIS	D	0.29%	0.16%	0.16%
	GLW	B	0.29%	0.16%	0.16%
	GPC	D	0.14%	0.12%	0.12%
	GPN	B	0.24%	0.07%	0.07%
	GRMN	B	0.27%	0.19%	0.19%
	GWW	B	0.42%	0.19%	0.19%
	HBAN	A	0.21%	0.06%	0.06%
	HIG	B	0.28%	0.05%	0.05%
	HOLX	D	0.15%	0.14%	0.14%
	HPQ	B	0.3%	0.13%	0.13%
	HRL	D	0.07%	0.08%	0.07%
	HSY	F	0.21%	0.15%	0.15%
	HUBS	A	0.27%	0.07%	0.07%
	HUM	C	0.27%	0.08%	0.08%
	IBKR	A	0.16%	0.05%	0.05%
	IDXX	F	0.29%	0.16%	0.16%
	IFF	D	0.18%	0.12%	0.12%
	ILMN	D	0.18%	0.18%	0.18%
	INCY	C	0.1%	0.16%	0.1%
	INVH	D	0.17%	0.14%	0.14%
	IP	B	0.16%	0.06%	0.06%
	IQV	D	0.29%	0.07%	0.07%
	IRM	D	0.28%	0.19%	0.19%
	IT	C	0.32%	0.08%	0.08%
	JBHT	C	0.12%	0.14%	0.12%
	K	A	0.17%	0.17%	0.17%
	KEY	B	0.15%	0.03%	0.03%
	KEYS	A	0.21%	0.16%	0.16%
	LEN	D	0.33%	0.05%	0.05%
	LEN	D	0.33%	0.19%	0.19%
	LEN	D	0.01%	0.19%	0.01%
	LEN	D	0.01%	0.05%	0.01%
	LH	C	0.16%	0.05%	0.05%
	LUV	C	0.16%	0.11%	0.11%
	LYV	A	0.17%	0.04%	0.04%
	MAA	B	0.15%	0.15%	0.15%
	MAS	D	0.14%	0.12%	0.12%
	MCHP	D	0.27%	0.13%	0.13%
	MDB	C	0.16%	0.04%	0.04%
	MKC	D	0.15%	0.15%	0.15%
	MKL	A	0.18%	0.04%	0.04%
	MLM	B	0.29%	0.16%	0.16%
	MPWR	F	0.22%	0.12%	0.12%
	MSCI	C	0.38%	0.1%	0.1%
	MTB	A	0.29%	0.06%	0.06%
	MTD	D	0.21%	0.15%	0.15%
	NDAQ	A	0.27%	0.07%	0.07%
	NET	B	0.22%	0.06%	0.06%
	NTAP	C	0.2%	0.13%	0.13%
	NTRS	A	0.18%	0.05%	0.05%
	NUE	C	0.29%	0.08%	0.08%
	NVR	D	0.21%	0.16%	0.16%
	O	D	0.41%	0.21%	0.21%
	ODFL	B	0.35%	0.22%	0.22%
	OKTA	C	0.1%	0.03%	0.03%
	OMC	C	0.15%	0.04%	0.04%
	ON	D	0.23%	0.14%	0.14%
	OTIS	C	0.33%	0.18%	0.18%
	PAYX	C	0.38%	0.1%	0.1%
	PFG	D	0.16%	0.03%	0.03%
	PHM	D	0.22%	0.16%	0.16%
	PINS	D	0.14%	0.04%	0.04%
	PKG	A	0.17%	0.16%	0.16%
	PPG	F	0.24%	0.14%	0.14%
	PRU	A	0.38%	0.07%	0.07%
	RBLX	C	0.21%	0.05%	0.05%
	RF	A	0.2%	0.02%	0.02%
	RJF	A	0.25%	0.07%	0.07%
	RKT	F	0.02%	0.01%	0.01%
	RMD	C	0.28%	0.2%	0.2%
	ROL	B	0.12%	0.04%	0.04%
	RPRX	D	0.08%	0.13%	0.08%
	SBAC	D	0.2%	0.17%	0.17%
	SIRI	C	0.05%	0.01%	0.01%
	SMCI	F	0.08%	0.04%	0.04%
	SNA	A	0.15%	0.16%	0.15%
	SPG	B	0.48%	0.24%	0.24%
	SQ	B	0.39%	0.1%	0.1%
	SSNC	B	0.13%	0.03%	0.03%
	STE	F	0.18%	0.15%	0.15%
	STT	A	0.24%	0.07%	0.07%
	SWKS	F	0.11%	0.09%	0.09%
	SYF	B	0.21%	0.06%	0.06%
	SYY	B	0.31%	0.18%	0.18%
	TER	D	0.13%	0.09%	0.09%
	TROW	B	0.21%	0.06%	0.06%
	TRU	D	0.15%	0.05%	0.05%
	TSCO	D	0.24%	0.12%	0.12%
	TSN	B	0.15%	0.0%	0.0%
	TTD	B	0.43%	0.11%	0.11%
	TTWO	A	0.25%	0.06%	0.06%
	UAL	A	0.25%	0.15%	0.15%
	ULTA	F	0.14%	0.14%	0.14%
	VEEV	C	0.26%	0.07%	0.07%
	VICI	C	0.27%	0.19%	0.19%
	VRSK	A	0.33%	0.09%	0.09%
	VRSN	F	0.13%	0.03%	0.03%
	VTR	C	0.21%	0.18%	0.18%
	WAB	B	0.28%	0.12%	0.12%
	WAT	B	0.17%	0.18%	0.17%
	WBD	C	0.18%	0.05%	0.05%
	WDC	D	0.17%	0.08%	0.08%
	WRB	A	0.15%	0.03%	0.03%
	WST	C	0.19%	0.16%	0.16%
	WTW	B	0.26%	0.07%	0.07%
	WY	D	0.19%	0.15%	0.15%
	YUM	B	0.31%	0.05%	0.05%
	ZBH	C	0.19%	0.15%	0.15%
	ZBRA	B	0.16%	0.16%	0.16%
	ZM	B	0.18%	0.04%	0.04%
	ZS	C	0.15%	0.04%	0.04%

IWR Overweight 620 Positions Relative to USNZ

	Symbol	Grade	Weight
	PLTR	B	1.09%
	APP	B	0.63%
	WMB	A	0.57%
	OKE	A	0.53%
	HLT	A	0.5%
	URI	B	0.46%
	RCL	A	0.45%
	KMI	A	0.44%
	MSTR	C	0.44%
	CMI	A	0.41%
	LNG	B	0.4%
	VST	B	0.4%
	PWR	A	0.39%
	KVUE	A	0.38%
	ROST	C	0.38%
	LHX	C	0.38%
	PEG	A	0.37%
	AME	A	0.37%
	PCG	A	0.37%
	HWM	A	0.37%
	VRT	B	0.36%
	BKR	B	0.35%
	AXON	A	0.35%
	TRGP	B	0.35%
	IR	B	0.34%
	FERG	B	0.33%
	HES	B	0.33%
	KR	B	0.32%
	XEL	A	0.32%
	EXC	C	0.32%
	VMC	B	0.3%
	ED	D	0.28%
	DD	D	0.28%
	ROK	B	0.27%
	FANG	D	0.27%
	DOW	F	0.26%
	WEC	A	0.26%
	ETR	B	0.26%
	ANSS	B	0.24%
	XYL	D	0.24%
	HPE	B	0.23%
	CPNG	D	0.23%
	HAL	C	0.22%
	BRO	B	0.22%
	FCNCA	A	0.22%
	FTV	C	0.22%
	SW	A	0.22%
	DECK	A	0.22%
	PPL	B	0.21%
	EQT	B	0.21%
	TYL	B	0.21%
	VLTO	D	0.21%
	TPL	A	0.21%
	GDDY	A	0.21%
	CVNA	B	0.21%
	FE	C	0.2%
	DVN	F	0.2%
	CCL	B	0.2%
	AEE	A	0.2%
	DTE	C	0.2%
	PTC	A	0.19%
	EME	C	0.19%
	LPLA	A	0.19%
	HUBB	B	0.19%
	HOOD	B	0.18%
	LYB	F	0.18%
	EXE	B	0.18%
	LDOS	C	0.18%
	ES	D	0.18%
	TDY	B	0.18%
	ATO	A	0.18%
	FSLR	F	0.17%
	CMS	C	0.17%
	CSL	C	0.17%
	STLD	B	0.17%
	BLDR	D	0.17%
	CTRA	B	0.16%
	NRG	B	0.16%
	BAH	F	0.16%
	COO	D	0.16%
	LII	A	0.16%
	CNP	B	0.16%
	DRI	B	0.16%
	RS	B	0.15%
	WSO	A	0.15%
	DKNG	B	0.15%
	TOST	B	0.15%
	PODD	C	0.15%
	FDS	B	0.15%
	NI	A	0.14%
	KIM	A	0.14%
	TWLO	A	0.14%
	NTRA	B	0.14%
	WSM	B	0.14%
	DG	F	0.14%
	XPO	B	0.14%
	MANH	D	0.14%
	OC	A	0.14%
	FWONK	B	0.14%
	NTNX	A	0.14%
	LVS	C	0.14%
	HEI	B	0.14%
	BURL	A	0.14%
	MOH	F	0.14%
	TRMB	B	0.14%
	RPM	A	0.14%
	IEX	B	0.14%
	J	F	0.14%
	PNR	A	0.14%
	VTRS	A	0.13%
	RGA	A	0.13%
	DT	C	0.13%
	SUI	D	0.13%
	TOL	B	0.13%
	LNT	A	0.13%
	FIX	A	0.13%
	GWRE	A	0.13%
	AVY	D	0.13%
	UTHR	C	0.13%
	CF	B	0.13%
	TXT	D	0.13%
	MRO	B	0.13%
	DOCU	A	0.13%
	SOFI	A	0.12%
	EQH	B	0.12%
	JBL	B	0.12%
	EVRG	A	0.12%
	EWBC	A	0.12%
	NDSN	B	0.12%
	ACM	A	0.12%
	UDR	B	0.12%
	AMCR	D	0.12%
	ENTG	D	0.12%
	USFD	A	0.12%
	THC	D	0.12%
	PSTG	D	0.12%
	CASY	A	0.12%
	TW	A	0.12%
	L	A	0.12%
	GGG	B	0.12%
	PFGC	B	0.11%
	CHRW	C	0.11%
	GLPI	C	0.11%
	JEF	A	0.11%
	DLTR	F	0.11%
	AFRM	B	0.11%
	EPAM	C	0.11%
	ELS	C	0.11%
	SWK	D	0.11%
	TPR	B	0.11%
	TXRH	C	0.11%
	RNR	C	0.11%
	POOL	C	0.11%
	RVTY	F	0.11%
	REG	B	0.11%
	CW	B	0.11%
	SAIA	B	0.11%
	FFIV	B	0.11%
	BJ	A	0.1%
	BWXT	B	0.1%
	OVV	B	0.1%
	Z	A	0.1%
	UHS	D	0.1%
	UNM	A	0.1%
	NBIX	C	0.1%
	EMN	D	0.1%
	JNPR	F	0.1%
	HEI	B	0.1%
	NVT	B	0.1%
	SCI	B	0.1%
	FTI	A	0.1%
	HST	C	0.1%
	WPC	D	0.1%
	ALB	C	0.1%
	ALLE	D	0.1%
	KMX	B	0.1%
	BXP	D	0.1%
	CPT	B	0.1%
	JLL	D	0.1%
	ITT	A	0.1%
	JKHY	D	0.1%
	COHR	B	0.1%
	CLH	B	0.1%
	BG	F	0.1%
	AMH	D	0.1%
	WBS	A	0.09%
	PRI	A	0.09%
	CACI	D	0.09%
	PNW	B	0.09%
	TECH	D	0.09%
	CCK	C	0.09%
	GNRC	B	0.09%
	CTLT	B	0.09%
	CAVA	B	0.09%
	EVR	B	0.09%
	FND	C	0.09%
	CUBE	D	0.09%
	LW	C	0.09%
	NWSA	B	0.09%
	LAMR	D	0.09%
	TAP	C	0.09%
	BLD	D	0.09%
	SJM	D	0.09%
	ATR	B	0.09%
	CG	A	0.09%
	TTEK	F	0.09%
	AA	B	0.09%
	DKS	C	0.09%
	FHN	A	0.09%
	PAYC	B	0.09%
	DAY	B	0.09%
	RRX	B	0.09%
	DUOL	A	0.09%
	NCLH	B	0.09%
	LECO	B	0.09%
	OWL	A	0.09%
	AIZ	A	0.09%
	SF	B	0.09%
	TFX	F	0.08%
	FBIN	D	0.08%
	AAON	B	0.08%
	TPX	B	0.08%
	GMED	A	0.08%
	DCI	B	0.08%
	WMS	D	0.08%
	RGLD	C	0.08%
	WYNN	D	0.08%
	INGR	B	0.08%
	WING	D	0.08%
	ORI	A	0.08%
	SOLV	C	0.08%
	FRT	B	0.08%
	BRBR	A	0.08%
	TKO	B	0.08%
	SRPT	D	0.08%
	PNFP	B	0.08%
	AAL	B	0.08%
	CRL	C	0.08%
	CNH	C	0.08%
	CIEN	B	0.08%
	MKTX	D	0.08%
	PR	B	0.08%
	GL	B	0.08%
	HLI	B	0.08%
	WTRG	B	0.08%
	WAL	B	0.08%
	CHDN	B	0.08%
	LBRDK	C	0.08%
	ARMK	B	0.08%
	EHC	B	0.08%
	MUSA	A	0.08%
	DTM	B	0.08%
	NLY	C	0.08%
	OHI	C	0.08%
	AFG	A	0.08%
	ALLY	C	0.08%
	AES	F	0.08%
	EXEL	B	0.08%
	GME	C	0.08%
	LKQ	D	0.08%
	EXP	A	0.08%
	AYI	B	0.08%
	LAD	A	0.08%
	IPG	D	0.08%
	ALSN	B	0.08%
	WWD	B	0.08%
	KNSL	B	0.08%
	CHRD	D	0.07%
	MTCH	D	0.07%
	MEDP	D	0.07%
	RRC	B	0.07%
	ACI	C	0.07%
	X	C	0.07%
	SEIC	B	0.07%
	CZR	F	0.07%
	SKX	D	0.07%
	SNV	B	0.07%
	APG	B	0.07%
	CE	F	0.07%
	DVA	B	0.07%
	APA	D	0.07%
	CNM	D	0.07%
	CFR	B	0.07%
	VOYA	B	0.07%
	PLNT	A	0.07%
	CHE	D	0.07%
	RIVN	F	0.07%
	EGP	F	0.07%
	HRB	D	0.07%
	RL	B	0.07%
	GPK	C	0.07%
	MOS	F	0.07%
	LNW	D	0.07%
	NYT	C	0.07%
	MTZ	B	0.07%
	TTC	D	0.07%
	CR	A	0.07%
	GLOB	B	0.07%
	WTFC	A	0.07%
	CBSH	A	0.07%
	ZION	B	0.07%
	OGE	B	0.07%
	ITCI	C	0.07%
	FYBR	D	0.07%
	HAS	D	0.07%
	BILL	A	0.07%
	AOS	F	0.07%
	CMA	A	0.07%
	BRX	A	0.07%
	MGM	D	0.07%
	SNX	C	0.07%
	PCTY	B	0.07%
	ROKU	D	0.07%
	KNX	B	0.07%
	PEN	B	0.07%
	HSIC	B	0.07%
	AR	B	0.07%
	AXTA	A	0.07%
	WCC	B	0.07%
	RBC	A	0.07%
	EXAS	D	0.07%
	MORN	B	0.07%
	REXR	F	0.07%
	AWI	A	0.06%
	MTN	C	0.06%
	H	B	0.06%
	CFLT	B	0.06%
	SN	D	0.06%
	LSCC	D	0.06%
	AXS	A	0.06%
	MTDR	B	0.06%
	VMI	B	0.06%
	FMC	D	0.06%
	DAR	C	0.06%
	ALK	C	0.06%
	CGNX	C	0.06%
	FCN	D	0.06%
	BPOP	B	0.06%
	MTSI	B	0.06%
	MASI	A	0.06%
	ELAN	D	0.06%
	R	B	0.06%
	GXO	B	0.06%
	FR	C	0.06%
	ATI	D	0.06%
	FRPT	B	0.06%
	RGEN	D	0.06%
	GNTX	C	0.06%
	VFC	C	0.06%
	ESTC	C	0.06%
	ESAB	B	0.06%
	MKSI	C	0.06%
	AGNC	D	0.06%
	GTLB	B	0.06%
	BBWI	D	0.06%
	OSK	B	0.06%
	VNO	B	0.06%
	S	B	0.06%
	LPX	B	0.06%
	MIDD	C	0.06%
	COKE	C	0.06%
	CART	C	0.06%
	RLI	B	0.06%
	RYAN	B	0.06%
	WEX	D	0.06%
	PCOR	B	0.06%
	PB	A	0.06%
	TREX	C	0.06%
	MHK	D	0.06%
	WH	B	0.06%
	KEX	C	0.06%
	SMAR	A	0.06%
	RHI	B	0.06%
	JAZZ	B	0.06%
	ADC	B	0.06%
	SSD	D	0.06%
	OLED	D	0.06%
	HII	D	0.06%
	NNN	D	0.06%
	BERY	B	0.06%
	ONTO	D	0.06%
	FLS	B	0.06%
	KBR	F	0.06%
	BWA	D	0.06%
	G	B	0.06%
	LITE	B	0.05%
	RITM	C	0.05%
	VVV	F	0.05%
	PATH	C	0.05%
	NFG	A	0.05%
	THO	B	0.05%
	OLLI	D	0.05%
	BRKR	D	0.05%
	PVH	C	0.05%
	JHG	A	0.05%
	ETSY	D	0.05%
	CROX	D	0.05%
	AGCO	D	0.05%
	THG	A	0.05%
	VNT	B	0.05%
	AMG	B	0.05%
	LFUS	F	0.05%
	FNB	A	0.05%
	WFRD	D	0.05%
	IDA	A	0.05%
	WHR	B	0.05%
	LAZ	B	0.05%
	FOUR	B	0.05%
	BFAM	D	0.05%
	WBA	F	0.05%
	DOCS	C	0.05%
	STWD	C	0.05%
	ARW	D	0.05%
	UHAL	D	0.05%
	BEN	C	0.05%
	BIO	D	0.05%
	QRVO	F	0.05%
	COLD	D	0.05%
	SITE	D	0.05%
	OMF	A	0.05%
	ESI	A	0.05%
	SAIC	F	0.05%
	MAT	D	0.05%
	NOV	C	0.05%
	MSA	D	0.05%
	KD	B	0.05%
	WSC	D	0.05%
	MTG	C	0.05%
	IVZ	B	0.05%
	PARA	C	0.05%
	COLB	A	0.05%
	LSTR	D	0.05%
	BSY	D	0.05%
	ELF	C	0.05%
	DBX	B	0.05%
	FAF	A	0.05%
	STAG	F	0.05%
	LYFT	C	0.05%
	AZEK	A	0.05%
	HR	C	0.05%
	DINO	D	0.05%
	AZPN	A	0.05%
	M	D	0.04%
	GAP	C	0.04%
	KMPR	B	0.04%
	RYN	D	0.04%
	EEFT	B	0.04%
	PSN	D	0.04%
	SLGN	A	0.04%
	CELH	F	0.04%
	KRC	C	0.04%
	SEE	C	0.04%
	CUZ	B	0.04%
	LOPE	B	0.04%
	RH	B	0.04%
	AGO	B	0.04%
	FIVE	F	0.04%
	ST	F	0.04%
	HCP	B	0.04%
	ROIV	C	0.04%
	AVT	C	0.04%
	WTM	A	0.04%
	HXL	D	0.04%
	OLN	D	0.04%
	TKR	D	0.04%
	SON	D	0.04%
	BYD	C	0.04%
	NXST	C	0.04%
	INSP	D	0.04%
	UGI	A	0.04%
	AL	B	0.04%
	BROS	B	0.04%
	CIVI	D	0.04%
	OZK	B	0.04%
	AM	A	0.04%
	VNOM	A	0.04%
	U	C	0.04%
	VKTX	F	0.04%
	APPF	B	0.04%
	POST	C	0.04%
	SLM	A	0.04%
	LNC	B	0.04%
	CLF	F	0.04%
	CCCS	B	0.04%
	LEA	D	0.04%
	IONS	F	0.04%
	TPG	A	0.04%
	CRUS	D	0.04%
	BC	C	0.04%
	WEN	D	0.03%
	AMTM	D	0.03%
	BHF	B	0.03%
	SMG	D	0.03%
	PENN	C	0.03%
	VAC	B	0.03%
	ZI	D	0.03%
	HUN	F	0.03%
	YETI	C	0.03%
	NCNO	B	0.03%
	IRDM	D	0.03%
	EPR	D	0.03%
	ZG	A	0.03%
	HIW	D	0.03%
	PII	D	0.03%
	ACHC	F	0.03%
	FHB	A	0.03%
	IAC	D	0.03%
	NVST	B	0.03%
	SPR	D	0.03%
	W	F	0.03%
	TNL	A	0.03%
	NWS	B	0.03%
	NWL	B	0.03%
	PRGO	B	0.03%
	DNB	B	0.03%
	XRAY	F	0.03%
	MDU	D	0.03%
	NEU	C	0.03%
	DXC	B	0.03%
	MSM	C	0.03%
	ASH	D	0.03%
	PEGA	A	0.03%
	OGN	D	0.03%
	LINE	F	0.03%
	HOG	D	0.03%
	FLO	D	0.03%
	RARE	D	0.03%
	CHH	A	0.03%
	MSGS	A	0.03%
	GTES	A	0.03%
	AN	C	0.03%
	DLB	B	0.03%
	WLK	D	0.03%
	VSTS	C	0.02%
	CRI	D	0.02%
	UAA	C	0.02%
	ALAB	B	0.02%
	QDEL	F	0.02%
	LBTYK	A	0.02%
	INFA	D	0.02%
	LBTYA	B	0.02%
	IPGP	D	0.02%
	LCID	F	0.02%
	KSS	F	0.02%
	SHC	F	0.02%
	PPC	C	0.02%
	ADT	C	0.02%
	AZTA	D	0.02%
	RCM	F	0.02%
	AAP	C	0.02%
	HAYW	B	0.02%
	CWEN	C	0.02%
	JWN	C	0.02%
	PINC	B	0.02%
	ALGM	D	0.02%
	CPRI	F	0.02%
	SPB	C	0.02%
	MP	B	0.02%
	HHH	B	0.02%
	ENOV	C	0.02%
	MPW	F	0.02%
	AGR	B	0.02%
	BOKF	B	0.02%
	WU	D	0.02%
	CXT	B	0.02%
	APLS	D	0.02%
	COTY	F	0.02%
	CACC	D	0.02%
	DV	C	0.02%
	FIVN	C	0.02%
	TDC	D	0.02%
	SAM	C	0.02%
	COLM	B	0.02%
	VIRT	B	0.02%
	CC	C	0.02%
	AMKR	D	0.02%
	ECG	C	0.02%
	AMED	F	0.02%
	MAN	D	0.02%
	PAG	B	0.02%
	RNG	B	0.02%
	SNRE	D	0.02%
	NSA	D	0.02%
	LLYVK	A	0.02%
	PK	B	0.02%
	UWMC	D	0.01%
	PLTK	B	0.01%
	SEB	F	0.01%
	TFSL	A	0.01%
	WOLF	F	0.01%
	LOAR	A	0.01%
	CWEN	C	0.01%
	CNA	B	0.01%
	AS	B	0.01%
	CERT	F	0.01%
	PYCR	C	0.01%
	DDS	B	0.01%
	LLYVA	A	0.01%
	UI	A	0.01%
	TXG	F	0.01%
	SNDR	B	0.01%
	REYN	D	0.01%
	TRIP	F	0.01%
	LBRDA	C	0.01%
	LEG	F	0.01%
	DJT	C	0.01%
	GO	C	0.01%
	QS	F	0.01%
	CAR	C	0.01%
	FTRE	D	0.01%
	FWONA	B	0.01%
	UA	C	0.01%
	CLVT	F	0.01%
	BIRK	D	0.01%
	CNXC	F	0.01%
	PARAA	B	0.0%
	SEG	B	0.0%
	GRAL	C	0.0%
	UHAL	D	0.0%
	NFE	D	0.0%

IWR Underweight 149 Positions Relative to USNZ

	Symbol	Grade	Weight
	AAPL	C	-8.59%
	MSFT	F	-8.14%
	NVDA	C	-7.67%
	META	D	-3.18%
	GOOGL	C	-2.1%
	GOOG	C	-1.89%
	AVGO	D	-1.67%
	LLY	F	-1.45%
	JPM	A	-1.42%
	UNH	C	-1.11%
	V	A	-1.01%
	PG	A	-0.89%
	HD	A	-0.89%
	MA	C	-0.89%
	JNJ	D	-0.85%
	ABBV	D	-0.72%
	NFLX	A	-0.72%
	CRM	B	-0.64%
	BAC	A	-0.63%
	ORCL	B	-0.6%
	CSCO	B	-0.59%
	MRK	F	-0.59%
	KO	D	-0.59%
	PEP	F	-0.56%
	TMO	F	-0.53%
	ISRG	A	-0.52%
	ABT	B	-0.52%
	AMD	F	-0.52%
	WFC	A	-0.51%
	ACN	C	-0.5%
	ADBE	C	-0.48%
	TXN	C	-0.47%
	QCOM	F	-0.45%
	MCD	D	-0.44%
	DHR	F	-0.43%
	NOW	A	-0.43%
	AMGN	D	-0.42%
	DIS	B	-0.41%
	BMY	B	-0.4%
	GS	A	-0.4%
	PFE	D	-0.4%
	INTU	C	-0.39%
	UBER	D	-0.39%
	LOW	D	-0.38%
	GILD	C	-0.38%
	AMAT	F	-0.38%
	BSX	B	-0.38%
	VRTX	F	-0.36%
	SYK	C	-0.36%
	BKNG	A	-0.35%
	VZ	C	-0.35%
	AXP	A	-0.35%
	CMCSA	B	-0.35%
	MS	A	-0.35%
	SPGI	C	-0.34%
	MDT	D	-0.34%
	BLK	C	-0.33%
	PLD	D	-0.32%
	T	A	-0.32%
	WELL	A	-0.31%
	SHW	A	-0.31%
	PGR	A	-0.3%
	ADI	D	-0.3%
	DE	A	-0.29%
	INTC	D	-0.29%
	DASH	A	-0.29%
	ANET	C	-0.29%
	UPS	C	-0.29%
	AMT	D	-0.29%
	MU	D	-0.29%
	MSI	B	-0.29%
	EQIX	A	-0.29%
	NKE	D	-0.29%
	MELI	D	-0.29%
	WM	A	-0.28%
	FI	A	-0.27%
	LRCX	F	-0.27%
	ORLY	B	-0.27%
	MDLZ	F	-0.27%
	ZTS	D	-0.27%
	ADP	B	-0.26%
	PANW	C	-0.26%
	C	A	-0.26%
	REGN	F	-0.25%
	MCK	B	-0.25%
	KLAC	D	-0.25%
	MRVL	B	-0.25%
	SCHW	B	-0.25%
	CB	C	-0.24%
	BDX	F	-0.24%
	CVS	D	-0.24%
	AZO	C	-0.23%
	MMC	B	-0.23%
	PSA	D	-0.23%
	ECL	D	-0.23%
	TMUS	B	-0.23%
	FDX	B	-0.22%
	KKR	A	-0.22%
	CL	D	-0.22%
	TGT	F	-0.21%
	CPRT	A	-0.21%
	LULU	C	-0.2%
	ICE	C	-0.19%
	ELV	F	-0.19%
	PYPL	B	-0.19%
	USCA	A	-0.18%
	CTAS	B	-0.17%
	MCO	B	-0.17%
	CDNS	B	-0.17%
	SNPS	B	-0.17%
	CMG	B	-0.17%
	KDP	D	-0.17%
	KMB	D	-0.17%
	CI	F	-0.17%
	CME	A	-0.17%
	EW	C	-0.16%
	GM	B	-0.16%
	AON	A	-0.16%
	CRWD	B	-0.16%
	PNC	B	-0.16%
	APO	B	-0.15%
	ADSK	A	-0.14%
	HCA	F	-0.14%
	SPOT	B	-0.14%
	USB	A	-0.14%
	ABNB	C	-0.13%
	PCAR	B	-0.13%
	KHC	F	-0.13%
	WDAY	B	-0.12%
	TFC	A	-0.12%
	FTNT	C	-0.12%
	CARR	D	-0.12%
	JCI	C	-0.12%
	TRV	B	-0.11%
	COF	B	-0.11%
	STX	D	-0.11%
	EL	F	-0.1%
	SCCO	F	-0.1%
	F	C	-0.09%
	AIG	B	-0.09%
	ARM	D	-0.09%
	MET	A	-0.08%
	SNOW	C	-0.08%
	TEAM	A	-0.08%
	MRNA	F	-0.06%
	SNAP	C	-0.02%
	PABU	A	-0.01%
	WMG	C	-0.01%
	TT	A	-0.0%

IWR: Top Represented Industries & Keywords

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

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

USNZ: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Business Services Diagnostics & Research Asset Management Banks - Regional - US Drug Manufacturers - Major Capital Markets Software - Infrastructure Specialty Retail Biotechnology Credit Services Insurance - Property & Casualty Internet Content & Information Medical Devices Medical Instruments & Supplies Packaged Foods Health Care Plans Household & Personal Products Telecom Services

Keywords: S&P 500 Nasdaq 100 Computing Insurance Dow Jones Component Medicine Bank Banking Semiconductor Telecommunications Cloud Computing Insurance Products Investment Bank Mobile Devices Real Estate Investment Trust Integrated Circuits Work From Home Disability Biotechnology Cash Management