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 1000Â® Index.

Grade (RS Rating)

Last Trade

$80.68

Average Daily Volume

981,813

Number of Holdings ^*

805

* 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

$36.02

Average Daily Volume

6,469

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

Performance

Period	IWR	USNZ
30 Days	-0.93%	5.66%
60 Days	-1.02%	9.81%
90 Days	-2.27%	9.03%
12 Months	13.40%	27.82%

200 Overlapping Holdings

Symbol	Grade	Weight in IWR	Weight in USNZ	Overlap
A	D	0.35%	0.18%	0.18%
ACGL	C	0.33%	0.09%	0.09%
AFL	B	0.47%	0.12%	0.12%
AJG	A	0.51%	0.14%	0.14%
AKAM	F	0.12%	0.05%	0.05%
ALGN	D	0.17%	0.12%	0.12%
ALL	D	0.38%	0.07%	0.07%
ALNY	A	0.28%	0.2%	0.2%
AMP	B	0.39%	0.1%	0.1%
AOS	D	0.09%	0.0%	0.0%
APO	B	0.56%	0.13%	0.13%
APTV	F	0.17%	0.1%	0.1%
ARE	C	0.18%	0.13%	0.13%
ARES	C	0.21%	0.08%	0.08%
AVB	B	0.27%	0.18%	0.18%
AVTR	D	0.13%	0.11%	0.11%
AWK	B	0.23%	0.49%	0.23%
BALL	D	0.17%	0.11%	0.11%
BAX	C	0.15%	0.11%	0.11%
BBY	C	0.15%	0.06%	0.06%
BEN	F	0.06%	0.03%	0.03%
BIIB	C	0.3%	0.16%	0.16%
BK	B	0.41%	0.13%	0.13%
BMRN	C	0.14%	0.12%	0.12%
BR	B	0.21%	0.07%	0.07%
CAG	D	0.12%	0.09%	0.09%
CAH	D	0.22%	0.02%	0.02%
CARR	C	0.48%	0.0%	0.0%
CBRE	C	0.24%	0.0%	0.0%
CDW	D	0.27%	0.08%	0.08%
CFG	B	0.15%	0.03%	0.03%
CHD	C	0.23%	0.16%	0.16%
CHRW	C	0.09%	0.0%	0.0%
CINF	C	0.16%	0.05%	0.05%
CLX	D	0.15%	0.12%	0.12%
COIN	C	0.35%	0.1%	0.1%
CPAY	D	0.17%	0.06%	0.06%
CPB	B	0.08%	0.1%	0.08%
CPRT	C	0.43%	0.22%	0.22%
CRWD	B	0.75%	0.22%	0.22%
CSGP	F	0.27%	0.09%	0.09%
CTAS	A	0.56%	0.16%	0.16%
CTSH	C	0.31%	0.1%	0.1%
CTVA	D	0.34%	0.18%	0.18%
DAL	D	0.28%	0.11%	0.11%
DASH	C	0.31%	0.17%	0.17%
DDOG	B	0.32%	0.11%	0.11%
DFS	B	0.28%	0.1%	0.1%
DGX	C	0.14%	0.05%	0.05%
DHI	D	0.39%	0.15%	0.15%
DLR	B	0.42%	0.21%	0.21%
DOC	B	0.12%	0.12%	0.12%
DOV	D	0.23%	0.11%	0.11%
DOX	D	0.08%	0.04%	0.04%
DPZ	D	0.16%	0.05%	0.05%
DXCM	D	0.4%	0.18%	0.18%
EA	B	0.34%	0.11%	0.11%
EBAY	B	0.25%	0.19%	0.19%
EFX	B	0.27%	0.09%	0.09%
EG	D	0.15%	0.02%	0.02%
EIX	C	0.25%	0.49%	0.25%
ENPH	F	0.13%	0.11%	0.11%
EPAM	F	0.09%	0.04%	0.04%
EQR	B	0.23%	0.17%	0.17%
ESS	B	0.16%	0.15%	0.15%
EXPD	B	0.17%	0.1%	0.1%
EXPE	C	0.15%	0.05%	0.05%
EXR	B	0.3%	0.17%	0.17%
FAST	D	0.33%	0.18%	0.18%
FICO	A	0.33%	0.11%	0.11%
FIS	B	0.4%	0.13%	0.13%
FITB	D	0.22%	0.05%	0.05%
FNF	D	0.1%	0.02%	0.02%
FOX	B	0.04%	0.02%	0.02%
FOXA	B	0.08%	0.03%	0.03%
GFS	C	0.04%	0.09%	0.04%
GL	D	0.06%	0.03%	0.03%
GLW	B	0.27%	0.17%	0.17%
GPC	D	0.17%	0.13%	0.13%
GPN	D	0.22%	0.07%	0.07%
GRMN	C	0.23%	0.19%	0.19%
GWW	C	0.36%	0.13%	0.13%
HBAN	D	0.17%	0.06%	0.06%
HIG	C	0.28%	0.06%	0.06%
HOLX	C	0.16%	0.14%	0.14%
HPQ	C	0.27%	0.12%	0.12%
HRL	F	0.08%	0.06%	0.06%
HSIC	D	0.08%	0.09%	0.08%
HUBS	C	0.25%	0.09%	0.09%
IBKR	B	0.12%	0.06%	0.06%
IDXX	D	0.37%	0.17%	0.17%
IFF	B	0.22%	0.15%	0.15%
ILMN	D	0.15%	0.11%	0.11%
INCY	D	0.1%	0.11%	0.1%
INVH	A	0.2%	0.15%	0.15%
IP	C	0.14%	0.0%	0.0%
IQV	D	0.35%	0.1%	0.1%
IRM	B	0.21%	0.2%	0.2%
IT	B	0.31%	0.1%	0.1%
JBHT	F	0.12%	0.1%	0.1%
K	D	0.14%	0.12%	0.12%
KEY	C	0.12%	0.03%	0.03%
KEYS	D	0.21%	0.13%	0.13%
KKR	C	0.64%	0.19%	0.19%
LBRDA	C	0.01%	0.02%	0.01%
LBRDK	C	0.06%	0.03%	0.03%
LEN	D	0.33%	0.06%	0.06%
LEN	D	0.33%	0.15%	0.15%
LEN	D	0.02%	0.15%	0.02%
LEN	D	0.02%	0.06%	0.02%
LKQ	F	0.1%	0.11%	0.1%
LUV	D	0.15%	0.08%	0.08%
LYV	C	0.13%	0.05%	0.05%
MAA	C	0.15%	0.14%	0.14%
MAS	D	0.14%	0.07%	0.07%
MCHP	C	0.43%	0.21%	0.21%
MDB	D	0.15%	0.06%	0.06%
MKC	C	0.16%	0.14%	0.14%
MKL	D	0.19%	0.05%	0.05%
MLM	D	0.3%	0.14%	0.14%
MOS	F	0.09%	0.05%	0.05%
MRVL	C	0.53%	0.2%	0.2%
MSCI	C	0.34%	0.11%	0.11%
MTB	C	0.22%	0.05%	0.05%
MTCH	F	0.08%	0.04%	0.04%
MTD	D	0.27%	0.18%	0.18%
NDAQ	C	0.2%	0.07%	0.07%
NET	B	0.22%	0.08%	0.08%
NTAP	A	0.24%	0.21%	0.21%
NTRS	C	0.15%	0.06%	0.06%
NUE	F	0.34%	0.03%	0.03%
NVR	D	0.2%	0.12%	0.12%
O	C	0.4%	0.17%	0.17%
ODFL	C	0.31%	0.17%	0.17%
OKTA	C	0.13%	0.06%	0.06%
OMC	D	0.16%	0.05%	0.05%
ON	C	0.27%	0.14%	0.14%
OTIS	B	0.36%	0.18%	0.18%
PAYC	F	0.07%	0.03%	0.03%
PAYX	D	0.34%	0.11%	0.11%
PCAR	D	0.48%	0.01%	0.01%
PFG	D	0.17%	0.04%	0.04%
PHM	D	0.21%	0.09%	0.09%
PINS	B	0.23%	0.08%	0.08%
PKG	C	0.15%	0.11%	0.11%
PPG	D	0.27%	0.12%	0.12%
PRU	B	0.39%	0.08%	0.08%
RBLX	B	0.16%	0.06%	0.06%
RF	B	0.16%	0.03%	0.03%
RJF	D	0.21%	0.08%	0.08%
RKT	C	0.01%	0.03%	0.01%
RMD	C	0.25%	0.17%	0.17%
ROL	A	0.11%	0.06%	0.06%
RPRX	F	0.09%	0.11%	0.09%
SBAC	F	0.19%	0.12%	0.12%
SIRI	C	0.02%	0.02%	0.02%
SJM	D	0.1%	0.09%	0.09%
SNA	F	0.12%	0.1%	0.1%
SPG	C	0.44%	0.21%	0.21%
SPOT	B	0.4%	0.13%	0.13%
SQ	C	0.32%	0.1%	0.1%
SSNC	B	0.12%	0.05%	0.05%
STE	C	0.19%	0.14%	0.14%
STT	C	0.2%	0.07%	0.07%
SWK	D	0.11%	0.06%	0.06%
SWKS	C	0.15%	0.13%	0.13%
SYF	B	0.16%	0.07%	0.07%
TER	A	0.21%	0.17%	0.17%
TROW	C	0.23%	0.08%	0.08%
TRU	C	0.13%	0.06%	0.06%
TSCO	D	0.26%	0.1%	0.1%
TSN	D	0.14%	0.0%	0.0%
TT	B	0.69%	0.0%	0.0%
TTD	A	0.39%	0.13%	0.13%
TTWO	C	0.24%	0.08%	0.08%
TWLO	D	0.09%	0.04%	0.04%
U	F	0.04%	0.02%	0.02%
UAL	D	0.14%	0.06%	0.06%
UDR	B	0.12%	0.14%	0.12%
ULTA	D	0.17%	0.12%	0.12%
VEEV	D	0.24%	0.08%	0.08%
VICI	D	0.27%	0.15%	0.15%
VRSK	A	0.35%	0.12%	0.12%
VRSN	C	0.14%	0.06%	0.06%
VTR	A	0.18%	0.15%	0.15%
VTRS	D	0.11%	0.12%	0.11%
WAB	D	0.26%	0.07%	0.07%
WAT	D	0.15%	0.13%	0.13%
WBD	F	0.15%	0.05%	0.05%
WDC	B	0.23%	0.1%	0.1%
WELL	A	0.52%	0.25%	0.25%
WPC	D	0.11%	0.11%	0.11%
WRB	C	0.14%	0.04%	0.04%
WST	F	0.22%	0.14%	0.14%
WTW	B	0.25%	0.08%	0.08%
WY	F	0.19%	0.11%	0.11%
YUM	D	0.34%	0.06%	0.06%
ZBH	D	0.21%	0.14%	0.14%
ZM	F	0.14%	0.05%	0.05%
ZS	B	0.15%	0.06%	0.06%

IWR Overweight 607 Positions Relative to USNZ

Symbol	Grade	Weight
APH	B	0.71%
TDG	D	0.62%
CEG	B	0.6%
PH	D	0.58%
PSX	D	0.56%
HLT	B	0.49%
WMB	B	0.47%
ROST	B	0.44%
PLTR	A	0.44%
OKE	B	0.43%
URI	D	0.38%
RSG	A	0.37%
HES	D	0.37%
LNG	B	0.37%
FERG	D	0.36%
CMI	D	0.35%
AME	D	0.35%
COR	C	0.35%
PWR	D	0.35%
MPWR	B	0.34%
RCL	B	0.34%
PEG	B	0.33%
IR	C	0.33%
FANG	B	0.32%
PCG	D	0.32%
BKR	C	0.31%
DD	C	0.31%
VMC	D	0.3%
KR	C	0.29%
XYL	D	0.29%
ROK	D	0.28%
VST	C	0.28%
ED	D	0.28%
XEL	D	0.27%
VRT	C	0.27%
DVN	D	0.27%
NU	B	0.27%
HAL	F	0.27%
HWM	C	0.27%
TRGP	A	0.26%
HPE	C	0.25%
ANSS	C	0.25%
FTV	D	0.24%
FSLR	C	0.24%
DECK	C	0.23%
ICLR	B	0.23%
LYB	D	0.22%
WEC	D	0.22%
ETR	D	0.21%
DTE	D	0.21%
CPNG	C	0.21%
DLTR	F	0.2%
PPL	D	0.19%
TYL	A	0.19%
PTC	B	0.19%
LPLA	B	0.19%
FE	C	0.19%
AXON	C	0.19%
BRO	B	0.19%
CNP	B	0.18%
GDDY	A	0.18%
HUBB	C	0.18%
CSL	C	0.18%
ES	C	0.18%
CTRA	D	0.18%
BAH	C	0.18%
LDOS	B	0.18%
ENTG	B	0.18%
FCNCA	C	0.17%
WSM	D	0.17%
CCL	C	0.17%
AEE	D	0.17%
PSTG	B	0.17%
STLD	D	0.17%
EME	D	0.16%
LII	B	0.16%
LH	C	0.16%
MOH	F	0.16%
CMS	D	0.16%
J	D	0.16%
ATO	D	0.16%
NRG	D	0.16%
TDY	D	0.16%
AVY	D	0.16%
DRI	D	0.16%
RS	D	0.15%
MRO	B	0.15%
APP	B	0.15%
BLDR	F	0.15%
TXT	D	0.15%
COO	D	0.15%
IEX	D	0.14%
OC	D	0.14%
BURL	B	0.14%
MANH	B	0.14%
WSO	B	0.14%
DKNG	F	0.14%
BG	B	0.14%
ZBRA	C	0.14%
FDS	C	0.14%
L	D	0.13%
THC	C	0.13%
RBA	B	0.13%
FWONK	B	0.13%
AMCR	D	0.13%
SRPT	C	0.13%
HOOD	B	0.13%
CASY	B	0.13%
CF	F	0.13%
UTHR	B	0.13%
HEI	B	0.13%
PODD	C	0.13%
SUI	C	0.13%
WRK	C	0.12%
AES	D	0.12%
NBIX	C	0.12%
LNT	B	0.12%
RVTY	D	0.12%
NDSN	D	0.12%
GGG	D	0.12%
CE	F	0.12%
EQT	D	0.12%
JBL	F	0.12%
TPL	B	0.12%
RPM	D	0.12%
TRMB	C	0.12%
GEN	B	0.12%
RGA	C	0.12%
NTNX	C	0.12%
KMX	C	0.11%
RNR	D	0.11%
BJ	B	0.11%
CLH	B	0.11%
ELS	C	0.11%
TXRH	B	0.11%
POOL	F	0.11%
EQH	B	0.11%
XPO	C	0.11%
EVRG	D	0.11%
MGM	B	0.11%
TOL	D	0.11%
OVV	D	0.11%
NTRA	B	0.11%
NI	B	0.11%
USFD	C	0.11%
ACM	D	0.11%
BLD	D	0.11%
LW	F	0.11%
JKHY	C	0.11%
SAIA	C	0.11%
TW	C	0.11%
AMH	A	0.11%
DKS	C	0.11%
NVT	D	0.11%
PNR	D	0.11%
KIM	B	0.11%
WING	B	0.11%
HST	D	0.11%
LECO	F	0.1%
FND	F	0.1%
NWSA	B	0.1%
ITT	D	0.1%
CRL	F	0.1%
WWD	D	0.1%
APA	F	0.1%
DOCU	C	0.1%
ALLY	B	0.1%
WMS	D	0.1%
QRVO	B	0.1%
GWRE	A	0.1%
REG	B	0.1%
TECH	D	0.1%
IPG	F	0.1%
FTI	B	0.1%
ALB	F	0.1%
UHS	C	0.1%
DT	F	0.1%
CPT	B	0.1%
GLPI	B	0.1%
TTEK	D	0.1%
JNPR	B	0.1%
EMN	D	0.1%
ATR	D	0.09%
WTRG	C	0.09%
TOST	B	0.09%
TPR	C	0.09%
TTC	C	0.09%
CACI	B	0.09%
BXP	C	0.09%
JLL	B	0.09%
OLED	A	0.09%
BSY	D	0.09%
HII	D	0.09%
TFX	C	0.09%
RIVN	C	0.09%
NLY	C	0.09%
MEDP	C	0.09%
CNH	F	0.09%
CHDN	B	0.09%
EWBC	D	0.09%
CUBE	B	0.09%
FFIV	C	0.09%
CTLT	B	0.09%
CHK	D	0.09%
ALLE	D	0.09%
HEI	B	0.09%
LAMR	B	0.09%
SCI	C	0.09%
PFGC	D	0.09%
CW	C	0.09%
OHI	B	0.08%
ACI	F	0.08%
FHN	C	0.08%
PRI	C	0.08%
FBIN	F	0.08%
CG	C	0.08%
KNSL	F	0.08%
DINO	D	0.08%
EHC	B	0.08%
CNM	D	0.08%
KBR	D	0.08%
PNW	C	0.08%
MKSI	B	0.08%
DCI	D	0.08%
BWXT	B	0.08%
WBA	F	0.08%
ARMK	C	0.08%
AIZ	D	0.08%
BBWI	F	0.08%
CROX	C	0.08%
TAP	F	0.08%
JEF	B	0.08%
AFG	D	0.08%
RRX	F	0.08%
QGEN	D	0.08%
MUSA	C	0.08%
AR	D	0.08%
ESTC	B	0.08%
COHR	B	0.08%
WYNN	D	0.08%
SKX	C	0.08%
REXR	C	0.08%
FMC	F	0.07%
UNM	D	0.07%
Z	C	0.07%
FCN	D	0.07%
AAL	F	0.07%
EXP	D	0.07%
SWN	D	0.07%
GLOB	C	0.07%
NOV	D	0.07%
MKTX	C	0.07%
WEX	D	0.07%
ROKU	C	0.07%
CLF	D	0.07%
DAY	F	0.07%
AYI	D	0.07%
AXTA	D	0.07%
BWA	F	0.07%
MORN	B	0.07%
INGR	D	0.07%
HAS	D	0.07%
RBC	C	0.07%
TPX	D	0.07%
KNX	C	0.07%
NNN	B	0.07%
HRB	B	0.07%
DVA	C	0.07%
EGP	B	0.07%
LSCC	D	0.07%
GNTX	D	0.07%
RRC	D	0.07%
SNX	D	0.07%
NCLH	C	0.07%
SF	B	0.07%
EXAS	D	0.07%
CHE	D	0.07%
ORI	D	0.07%
GPK	D	0.07%
CGNX	B	0.07%
CZR	C	0.07%
FRT	C	0.07%
TREX	F	0.07%
NYT	A	0.07%
CCK	F	0.07%
OWL	D	0.07%
GNRC	C	0.07%
GMED	B	0.07%
X	C	0.07%
RGLD	B	0.07%
CELH	F	0.07%
SAIC	D	0.06%
OLLI	B	0.06%
FIVE	F	0.06%
ACHC	F	0.06%
ZION	C	0.06%
ADC	B	0.06%
BFAM	C	0.06%
LFUS	C	0.06%
AGCO	F	0.06%
SOFI	F	0.06%
FLS	D	0.06%
FR	C	0.06%
PLNT	B	0.06%
FYBR	B	0.06%
HR	B	0.06%
PEN	D	0.06%
PVH	F	0.06%
STAG	B	0.06%
BRKR	F	0.06%
H	C	0.06%
SEIC	D	0.06%
JAZZ	F	0.06%
ARW	D	0.06%
LSTR	D	0.06%
RHI	F	0.06%
LEA	F	0.06%
CBSH	C	0.06%
WAL	B	0.06%
ALSN	D	0.06%
MIDD	F	0.06%
AGNC	A	0.06%
TKO	B	0.06%
IONS	B	0.06%
GME	C	0.06%
MTN	F	0.06%
MTZ	C	0.06%
HLI	A	0.06%
LAD	F	0.06%
CRUS	A	0.06%
BRX	B	0.06%
BERY	D	0.06%
MSA	C	0.06%
DTM	B	0.06%
OSK	D	0.06%
AFRM	F	0.06%
CIEN	F	0.06%
CR	C	0.06%
VOYA	D	0.06%
AA	B	0.06%
EXEL	C	0.06%
EVR	A	0.06%
RL	C	0.06%
WCC	D	0.06%
ELAN	D	0.06%
ETSY	F	0.06%
RGEN	F	0.06%
WBS	D	0.06%
WSC	F	0.06%
KEX	B	0.06%
OGE	C	0.06%
COLD	C	0.06%
AL	C	0.05%
AWI	D	0.05%
AM	B	0.05%
SON	F	0.05%
MDU	C	0.05%
M	C	0.05%
ALK	F	0.05%
PCOR	C	0.05%
NXST	B	0.05%
BILL	F	0.05%
AMG	D	0.05%
RITM	D	0.05%
OGN	C	0.05%
PB	D	0.05%
POST	C	0.05%
LPX	D	0.05%
SRCL	B	0.05%
XRAY	F	0.05%
ESAB	D	0.05%
OMF	D	0.05%
HXL	D	0.05%
R	B	0.05%
IVZ	D	0.05%
FAF	D	0.05%
SITE	F	0.05%
WHR	C	0.05%
AZPN	D	0.05%
SNV	B	0.05%
VVV	B	0.05%
PCTY	F	0.05%
AXS	C	0.05%
SMAR	B	0.05%
FRPT	A	0.05%
ST	C	0.05%
CFLT	C	0.05%
BIO	D	0.05%
STWD	D	0.05%
RLI	D	0.05%
RYAN	B	0.05%
G	D	0.05%
MHK	D	0.05%
MASI	F	0.05%
OLN	F	0.05%
VMI	C	0.05%
DBX	D	0.05%
CMA	C	0.05%
MAT	F	0.05%
AIRC	A	0.05%
DAR	F	0.05%
XP	F	0.05%
GXO	F	0.05%
WTFC	D	0.05%
PNFP	D	0.05%
MTG	B	0.05%
CFR	D	0.05%
VNT	D	0.05%
KD	C	0.05%
PARA	C	0.05%
AZEK	D	0.05%
ESI	B	0.05%
UHAL	D	0.05%
WH	C	0.05%
BPOP	D	0.05%
BYD	C	0.04%
BEPC	D	0.04%
COLB	D	0.04%
INSP	F	0.04%
FOUR	B	0.04%
LAZ	C	0.04%
LOPE	C	0.04%
APLS	F	0.04%
FLO	D	0.04%
HOG	F	0.04%
PII	F	0.04%
RYN	D	0.04%
OZK	D	0.04%
AGO	D	0.04%
W	D	0.04%
THG	D	0.04%
SEE	F	0.04%
CAVA	B	0.04%
AN	D	0.04%
WTM	D	0.04%
GTLB	C	0.04%
CCCS	D	0.04%
SLM	D	0.04%
JHG	B	0.04%
VNO	C	0.04%
LNC	C	0.04%
DLB	D	0.04%
AVT	D	0.04%
GPS	C	0.04%
IDA	D	0.04%
LYFT	F	0.04%
ASH	D	0.04%
EEFT	D	0.04%
UGI	D	0.04%
FNB	C	0.04%
WLK	D	0.04%
THO	D	0.04%
VFC	D	0.04%
PATH	D	0.04%
TKR	D	0.04%
NFG	D	0.04%
BC	F	0.04%
S	C	0.04%
MPW	F	0.03%
CNXC	C	0.03%
SMG	D	0.03%
WU	D	0.03%
SAM	C	0.03%
PENN	C	0.03%
BHF	F	0.03%
AZTA	D	0.03%
WOLF	F	0.03%
PAG	D	0.03%
WEN	F	0.03%
RUN	F	0.03%
GTES	D	0.03%
VAC	F	0.03%
CXT	D	0.03%
TPG	D	0.03%
AMED	A	0.03%
NSA	B	0.03%
PK	D	0.03%
CACC	B	0.03%
FIVN	D	0.03%
TNL	D	0.03%
EPR	C	0.03%
DOCS	B	0.03%
NEU	D	0.03%
HCP	A	0.03%
LSXMK	C	0.03%
LITE	B	0.03%
IRDM	D	0.03%
TDC	C	0.03%
NWS	B	0.03%
MAN	D	0.03%
CC	F	0.03%
YETI	F	0.03%
PRGO	F	0.03%
CUZ	D	0.03%
SLGN	D	0.03%
IAC	F	0.03%
CHH	B	0.03%
KMPR	C	0.03%
RARE	D	0.03%
MSGS	B	0.03%
DXC	C	0.03%
MSM	F	0.03%
KRC	F	0.03%
CPRI	D	0.03%
RH	D	0.03%
AAP	F	0.03%
HUN	F	0.03%
SPR	B	0.03%
ZI	F	0.03%
COTY	F	0.03%
ROIV	D	0.03%
CERT	D	0.02%
QS	F	0.02%
TDOC	F	0.02%
NATL	B	0.02%
LLYVK	C	0.02%
FTRE	D	0.02%
QDEL	F	0.02%
PHIN	D	0.02%
TXG	F	0.02%
NVCR	D	0.02%
RCM	F	0.02%
TRIP	F	0.02%
AGL	D	0.02%
CABO	F	0.02%
VIRT	C	0.02%
IART	C	0.02%
ADT	B	0.02%
CAR	F	0.02%
LCID	D	0.02%
ALGM	C	0.02%
GO	D	0.02%
CWEN	D	0.02%
NYCB	D	0.02%
CRI	F	0.02%
PINC	F	0.02%
NCNO	B	0.02%
HHH	D	0.02%
RNG	F	0.02%
ENOV	F	0.02%
ICUI	B	0.02%
NWL	F	0.02%
JWN	B	0.02%
ZG	C	0.02%
BOKF	D	0.02%
DNB	F	0.02%
IPGP	D	0.02%
PEGA	D	0.02%
AGR	C	0.02%
SPB	D	0.02%
KSS	F	0.02%
TNDM	C	0.02%
CLVT	F	0.02%
FHB	C	0.02%
DV	D	0.02%
NVST	F	0.02%
HIW	C	0.02%
COLM	D	0.02%
MCW	F	0.01%
TFSL	D	0.01%
SEB	F	0.01%
UI	B	0.01%
CART	C	0.01%
UWMC	D	0.01%
LLYVA	C	0.01%
MRVI	F	0.01%
DRVN	C	0.01%
PYCR	D	0.01%
CWEN	D	0.01%
SSRM	F	0.01%
HE	F	0.01%
KLG	F	0.01%
PTON	F	0.01%
AMC	C	0.01%
CNA	B	0.01%
PLUG	F	0.01%
UAA	F	0.01%
SNDR	B	0.01%
MP	D	0.01%
BIRK	B	0.01%
UA	F	0.01%
INFA	B	0.01%
NFE	F	0.01%
VSCO	D	0.01%
LEG	F	0.01%
MRCY	D	0.01%
VSTS	F	0.01%
SHC	C	0.01%
FWONA	C	0.01%
VSAT	F	0.01%
PPC	B	0.01%
REYN	D	0.01%
VYX	C	0.01%
LSXMA	C	0.01%
HAYW	F	0.01%
RNAC	F	0.0%
PLTK	F	0.0%
PARAA	C	0.0%
OLPX	F	0.0%
WOOF	C	0.0%
NLOP	C	0.0%
GRAL	D	0.0%
AMBP	D	0.0%
HTZ	F	0.0%
UHAL	D	0.0%
DNA	F	0.0%
CHPT	D	0.0%

IWR Underweight 147 Positions Relative to USNZ

Symbol	Grade	Weight
AAPL	A	-9.12%
NVDA	B	-8.52%
MSFT	A	-6.88%
META	A	-2.46%
GOOGL	A	-2.42%
GOOG	A	-2.03%
AVGO	B	-1.82%
LLY	A	-1.81%
JPM	B	-1.34%
UNH	D	-1.01%
V	C	-0.95%
PG	C	-0.91%
JNJ	F	-0.85%
MA	C	-0.84%
MRK	C	-0.81%
HD	C	-0.76%
ABBV	C	-0.74%
AMD	B	-0.67%
NFLX	A	-0.67%
QCOM	B	-0.63%
BAC	B	-0.63%
KO	A	-0.62%
AMAT	B	-0.58%
ADBE	B	-0.58%
PEP	D	-0.57%
CRM	C	-0.55%
TMO	D	-0.54%
ORCL	A	-0.52%
CSCO	D	-0.51%
TXN	B	-0.5%
WFC	C	-0.49%
ABT	D	-0.48%
ISRG	A	-0.46%
AMGN	B	-0.46%
MU	C	-0.46%
LRCX	B	-0.45%
DHR	D	-0.45%
PFE	C	-0.44%
ACN	D	-0.44%
DIS	D	-0.41%
INTU	A	-0.41%
MCD	F	-0.4%
KLAC	B	-0.4%
VZ	B	-0.4%
VRTX	B	-0.38%
UBER	B	-0.38%
NOW	A	-0.38%
GS	A	-0.37%
BSX	B	-0.37%
ADI	B	-0.37%
CMCSA	F	-0.35%
REGN	B	-0.35%
AXP	C	-0.34%
SYK	B	-0.34%
SPGI	B	-0.34%
INTC	C	-0.34%
ANET	A	-0.33%
BKNG	B	-0.32%
MS	B	-0.31%
PLD	C	-0.31%
T	B	-0.31%
MDT	D	-0.31%
LOW	D	-0.3%
UPS	D	-0.29%
AMT	B	-0.29%
C	B	-0.29%
ELV	C	-0.28%
WM	B	-0.28%
PGR	B	-0.27%
MDLZ	D	-0.27%
NKE	F	-0.27%
GILD	C	-0.27%
BLK	B	-0.27%
DE	F	-0.26%
MELI	B	-0.26%
PANW	B	-0.26%
BMY	F	-0.26%
MSI	B	-0.26%
ZTS	C	-0.26%
SCHW	D	-0.25%
MMC	B	-0.25%
EQIX	C	-0.25%
BDX	F	-0.24%
ADP	D	-0.24%
EW	B	-0.24%
CB	C	-0.24%
MCK	B	-0.24%
CL	B	-0.24%
ECL	B	-0.24%
ORLY	C	-0.24%
FDX	B	-0.23%
CVS	D	-0.23%
SHW	D	-0.23%
SNPS	B	-0.23%
CDNS	B	-0.22%
AZO	C	-0.22%
TMUS	B	-0.21%
CI	D	-0.21%
CMG	D	-0.21%
TEL	B	-0.21%
KMB	B	-0.2%
PSA	B	-0.2%
ICE	A	-0.2%
MRNA	D	-0.19%
TGT	D	-0.19%
MCO	A	-0.18%
CCI	D	-0.18%
CME	D	-0.18%
ABNB	B	-0.17%
KDP	D	-0.16%
GIS	D	-0.16%
PYPL	D	-0.16%
PNC	C	-0.15%
AON	C	-0.15%
GEHC	D	-0.15%
HCA	C	-0.15%
HSY	F	-0.15%
SYY	D	-0.15%
LULU	F	-0.14%
SCCO	C	-0.14%
STX	B	-0.14%
PABU	A	-0.14%
ADSK	B	-0.14%
EL	F	-0.13%
USB	D	-0.13%
TFC	B	-0.12%
FTNT	C	-0.12%
HUM	C	-0.12%
WDAY	D	-0.12%
AIG	D	-0.11%
KHC	D	-0.11%
TRV	D	-0.1%
JCI	D	-0.1%
SNOW	D	-0.1%
GM	B	-0.1%
COF	D	-0.09%
CHTR	C	-0.08%
MET	D	-0.08%
TEAM	C	-0.08%
USCA	A	-0.08%
CBOE	D	-0.06%
SNAP	B	-0.06%
CNC	D	-0.06%
F	B	-0.05%
YUMC	F	-0.04%
WMG	D	-0.03%
ADM	C	-0.0%