IWR vs. VYM ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Vanguard High Dividend Yield ETF - DNQ (VYM)

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

$87.95

Average Daily Volume

1,141,867

Number of Holdings ^*

802

* may have additional holdings in another (foreign) market

VYM

Vanguard High Dividend Yield ETF - DNQ

VYM Description

The investment seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that are characterized by high dividend yield. The fund employs an indexing investment approach designed to track the performance of the FTSE® High Dividend Yield Index, which consists of common stocks of companies that pay dividends that generally are higher than average. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$128.68

Average Daily Volume

779,334

Number of Holdings ^*

543

* may have additional holdings in another (foreign) market

Performance

Period	IWR	VYM
30 Days	4.05%	3.06%
60 Days	10.52%	9.87%
90 Days	9.48%	9.25%
12 Months	31.66%	31.67%

254 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in VYM	Overlap
	AAP	F	0.02%	0.02%	0.02%
	ACI	F	0.07%	0.05%	0.05%
	ADM	F	0.24%	0.17%	0.17%
	AEE	A	0.2%	0.12%	0.12%
	AES	C	0.12%	0.07%	0.07%
	AFG	A	0.08%	0.05%	0.05%
	AFL	A	0.54%	0.36%	0.36%
	AGCO	D	0.05%	0.03%	0.03%
	AGO	B	0.04%	0.02%	0.02%
	AGR	C	0.02%	0.01%	0.01%
	AIZ	B	0.09%	0.06%	0.06%
	AL	D	0.04%	0.03%	0.03%
	ALL	A	0.43%	0.28%	0.28%
	ALLY	F	0.08%	0.07%	0.07%
	AM	A	0.04%	0.03%	0.03%
	AMP	A	0.41%	0.26%	0.26%
	APA	F	0.08%	0.06%	0.06%
	ARES	A	0.24%	0.15%	0.15%
	ATO	A	0.18%	0.11%	0.11%
	AVT	B	0.04%	0.03%	0.03%
	AWK	D	0.24%	0.16%	0.16%
	AXS	A	0.05%	0.04%	0.04%
	BAX	D	0.16%	0.11%	0.11%
	BBWI	F	0.06%	0.04%	0.04%
	BBY	C	0.19%	0.12%	0.12%
	BC	C	0.05%	0.03%	0.03%
	BEN	F	0.05%	0.03%	0.03%
	BERY	C	0.07%	0.05%	0.05%
	BG	F	0.12%	0.08%	0.08%
	BK	A	0.45%	0.29%	0.29%
	BKR	B	0.31%	0.2%	0.2%
	BOKF	B	0.02%	0.01%	0.01%
	BPOP	D	0.06%	0.04%	0.04%
	CAG	D	0.13%	0.08%	0.08%
	CAH	B	0.23%	0.16%	0.16%
	CBSH	D	0.06%	0.04%	0.04%
	CC	D	0.03%	0.02%	0.02%
	CE	D	0.13%	0.07%	0.07%
	CF	A	0.14%	0.09%	0.09%
	CFG	C	0.15%	0.11%	0.11%
	CFR	B	0.05%	0.04%	0.04%
	CG	B	0.08%	0.05%	0.05%
	CHK	C	0.16%	0.06%	0.06%
	CHRD	F	0.07%	0.05%	0.05%
	CHRW	C	0.11%	0.07%	0.07%
	CINF	A	0.18%	0.12%	0.12%
	CIVI	F	0.04%	0.03%	0.03%
	CLX	C	0.18%	0.09%	0.09%
	CMA	C	0.06%	0.04%	0.04%
	CMI	A	0.38%	0.24%	0.24%
	CMS	A	0.18%	0.11%	0.11%
	CNA	D	0.01%	0.01%	0.01%
	CNH	C	0.08%	0.05%	0.05%
	CNP	B	0.16%	0.1%	0.1%
	COLB	C	0.05%	0.03%	0.03%
	CPB	D	0.08%	0.05%	0.05%
	CRI	D	0.02%	0.01%	0.01%
	CTRA	D	0.15%	0.1%	0.1%
	CWEN	C	0.02%	0.01%	0.01%
	CWEN	C	0.01%	0.01%	0.01%
	CWEN	C	0.02%	0.01%	0.01%
	CWEN	C	0.01%	0.01%	0.01%
	CXT	F	0.02%	0.02%	0.02%
	DD	C	0.31%	0.2%	0.2%
	DDS	D	0.01%	0.01%	0.01%
	DFS	A	0.29%	0.2%	0.2%
	DGX	D	0.15%	0.1%	0.1%
	DINO	F	0.06%	0.05%	0.05%
	DKS	D	0.1%	0.08%	0.08%
	DNB	D	0.03%	0.02%	0.02%
	DOW	B	0.33%	0.21%	0.21%
	DOX	B	0.09%	0.06%	0.06%
	DRI	C	0.17%	0.11%	0.11%
	DTE	B	0.23%	0.15%	0.15%
	DTM	A	0.07%	0.04%	0.04%
	DVN	F	0.21%	0.16%	0.16%
	EBAY	A	0.28%	0.17%	0.17%
	ED	C	0.31%	0.2%	0.2%
	EG	A	0.15%	0.1%	0.1%
	EIX	C	0.29%	0.19%	0.19%
	EMN	C	0.11%	0.07%	0.07%
	EQH	B	0.11%	0.08%	0.08%
	EQT	C	0.18%	0.11%	0.11%
	ES	D	0.2%	0.14%	0.14%
	ETR	A	0.24%	0.15%	0.15%
	EVR	C	0.08%	0.05%	0.05%
	EVRG	C	0.12%	0.07%	0.07%
	EWBC	B	0.09%	0.07%	0.07%
	EXC	C	0.35%	0.22%	0.22%
	FAF	C	0.06%	0.04%	0.04%
	FANG	D	0.29%	0.2%	0.2%
	FAST	C	0.35%	0.22%	0.22%
	FE	C	0.22%	0.14%	0.14%
	FHB	D	0.02%	0.02%	0.02%
	FHN	D	0.07%	0.05%	0.05%
	FIS	A	0.4%	0.26%	0.26%
	FITB	C	0.24%	0.17%	0.17%
	FLO	D	0.04%	0.02%	0.02%
	FLS	A	0.06%	0.04%	0.04%
	FMC	C	0.07%	0.05%	0.05%
	FNB	D	0.04%	0.03%	0.03%
	FNF	C	0.13%	0.09%	0.09%
	FOX	B	0.04%	0.03%	0.03%
	FOXA	B	0.08%	0.06%	0.06%
	GAP	F	0.04%	0.03%	0.03%
	GEN	A	0.13%	0.08%	0.08%
	GIS	C	0.36%	0.23%	0.23%
	GLW	C	0.29%	0.18%	0.18%
	GPC	D	0.17%	0.11%	0.11%
	GRMN	D	0.23%	0.16%	0.16%
	HAL	D	0.23%	0.16%	0.16%
	HAS	A	0.09%	0.05%	0.05%
	HBAN	B	0.18%	0.12%	0.12%
	HIG	A	0.29%	0.2%	0.2%
	HII	F	0.09%	0.06%	0.06%
	HLI	A	0.07%	0.05%	0.05%
	HOG	D	0.04%	0.03%	0.03%
	HPE	B	0.22%	0.14%	0.14%
	HPQ	B	0.29%	0.2%	0.2%
	HRB	C	0.07%	0.05%	0.05%
	HRL	F	0.08%	0.05%	0.05%
	HSY	D	0.24%	0.16%	0.16%
	HUBB	A	0.2%	0.12%	0.12%
	HUN	B	0.03%	0.02%	0.02%
	IDA	D	0.04%	0.03%	0.03%
	IFF	D	0.23%	0.15%	0.15%
	INGR	B	0.08%	0.05%	0.05%
	IP	C	0.15%	0.1%	0.1%
	IPG	D	0.1%	0.07%	0.07%
	IRDM	C	0.03%	0.02%	0.02%
	IVZ	A	0.05%	0.04%	0.04%
	JEF	A	0.09%	0.06%	0.06%
	JHG	A	0.04%	0.03%	0.03%
	JNPR	C	0.11%	0.07%	0.07%
	JWN	D	0.02%	0.01%	0.01%
	K	B	0.18%	0.12%	0.12%
	KEY	B	0.13%	0.09%	0.09%
	KMI	A	0.37%	0.24%	0.24%
	KMPR	D	0.03%	0.02%	0.02%
	KR	C	0.32%	0.2%	0.2%
	KSS	D	0.02%	0.01%	0.01%
	LEA	F	0.05%	0.04%	0.04%
	LEG	D	0.02%	0.01%	0.01%
	LHX	A	0.4%	0.25%	0.25%
	LKQ	F	0.09%	0.06%	0.06%
	LNC	B	0.04%	0.03%	0.03%
	LNT	B	0.13%	0.09%	0.09%
	LUV	B	0.15%	0.1%	0.1%
	LYB	B	0.21%	0.15%	0.15%
	M	D	0.04%	0.02%	0.02%
	MAN	D	0.03%	0.02%	0.02%
	MCHP	F	0.35%	0.25%	0.25%
	MDU	C	0.05%	0.03%	0.03%
	MKC	C	0.18%	0.11%	0.11%
	MOS	F	0.07%	0.05%	0.05%
	MRO	B	0.13%	0.09%	0.09%
	MSM	D	0.03%	0.02%	0.02%
	MTB	A	0.25%	0.16%	0.16%
	MTG	A	0.06%	0.04%	0.04%
	MTN	D	0.06%	0.04%	0.04%
	NFE	F	0.01%	0.0%	0.0%
	NFG	A	0.05%	0.03%	0.03%
	NI	A	0.13%	0.08%	0.08%
	NRG	A	0.16%	0.1%	0.1%
	NTAP	D	0.21%	0.14%	0.14%
	NTRS	B	0.15%	0.11%	0.11%
	NVT	C	0.1%	0.06%	0.06%
	NWL	D	0.03%	0.02%	0.02%
	NXST	D	0.04%	0.03%	0.03%
	OGE	C	0.07%	0.04%	0.04%
	OGN	F	0.04%	0.03%	0.03%
	OKE	A	0.46%	0.31%	0.31%
	OMC	C	0.17%	0.11%	0.11%
	OMF	D	0.04%	0.03%	0.03%
	ORI	A	0.08%	0.05%	0.05%
	OSK	F	0.05%	0.04%	0.04%
	OVV	D	0.09%	0.07%	0.07%
	OZK	D	0.04%	0.03%	0.03%
	PAG	D	0.03%	0.02%	0.02%
	PARA	F	0.05%	0.03%	0.03%
	PAYX	B	0.39%	0.24%	0.24%
	PB	D	0.05%	0.04%	0.04%
	PEG	A	0.39%	0.23%	0.23%
	PFG	A	0.17%	0.11%	0.11%
	PII	D	0.04%	0.03%	0.03%
	PINC	F	0.02%	0.01%	0.01%
	PKG	B	0.16%	0.11%	0.11%
	PNW	C	0.09%	0.06%	0.06%
	PPG	D	0.26%	0.17%	0.17%
	PPL	C	0.21%	0.13%	0.13%
	PR	D	0.08%	0.05%	0.05%
	PRGO	F	0.03%	0.02%	0.02%
	PRU	B	0.37%	0.25%	0.25%
	R	C	0.05%	0.04%	0.04%
	REYN	D	0.01%	0.01%	0.01%
	RF	B	0.18%	0.12%	0.12%
	RGA	B	0.12%	0.08%	0.08%
	RHI	D	0.06%	0.04%	0.04%
	RL	B	0.07%	0.04%	0.04%
	RLI	A	0.06%	0.04%	0.04%
	ROK	D	0.26%	0.18%	0.18%
	RPM	A	0.13%	0.08%	0.08%
	RPRX	D	0.1%	0.06%	0.06%
	RRC	D	0.06%	0.04%	0.04%
	RS	D	0.14%	0.09%	0.09%
	SEE	C	0.04%	0.03%	0.03%
	SF	A	0.08%	0.05%	0.05%
	SIRI	C	0.05%	0.0%	0.0%
	SJM	D	0.11%	0.07%	0.07%
	SLM	B	0.04%	0.03%	0.03%
	SMG	C	0.03%	0.02%	0.02%
	SNA	C	0.13%	0.08%	0.08%
	SNV	D	0.05%	0.04%	0.04%
	SON	D	0.05%	0.03%	0.03%
	SPB	C	0.02%	0.02%	0.02%
	STT	A	0.22%	0.15%	0.15%
	SWK	C	0.14%	0.09%	0.09%
	SWKS	F	0.13%	0.1%	0.1%
	SYF	A	0.17%	0.11%	0.11%
	SYY	D	0.33%	0.22%	0.22%
	TAP	D	0.09%	0.05%	0.05%
	TFSL	D	0.01%	0.0%	0.0%
	THG	A	0.05%	0.03%	0.03%
	TNL	B	0.03%	0.02%	0.02%
	TPG	A	0.04%	0.02%	0.02%
	TPR	B	0.09%	0.05%	0.05%
	TRGP	A	0.28%	0.18%	0.18%
	TROW	D	0.2%	0.13%	0.13%
	TSN	D	0.14%	0.1%	0.1%
	UGI	C	0.04%	0.03%	0.03%
	UI	B	0.01%	0.0%	0.0%
	UNM	A	0.08%	0.06%	0.06%
	VAC	D	0.02%	0.01%	0.01%
	VFC	A	0.06%	0.04%	0.04%
	VIRT	B	0.02%	0.01%	0.01%
	VOYA	A	0.07%	0.04%	0.04%
	VST	A	0.36%	0.17%	0.17%
	VTRS	D	0.12%	0.08%	0.08%
	WAL	C	0.08%	0.05%	0.05%
	WBA	F	0.05%	0.04%	0.04%
	WBS	D	0.07%	0.05%	0.05%
	WEC	B	0.26%	0.17%	0.17%
	WEN	B	0.03%	0.02%	0.02%
	WH	C	0.05%	0.04%	0.04%
	WHR	C	0.05%	0.03%	0.03%
	WMB	A	0.48%	0.32%	0.32%
	WRB	C	0.14%	0.11%	0.11%
	WSM	C	0.16%	0.1%	0.1%
	WSO	C	0.15%	0.09%	0.09%
	WTRG	D	0.08%	0.06%	0.06%
	WU	D	0.03%	0.02%	0.02%
	XEL	C	0.31%	0.19%	0.19%
	YUM	C	0.34%	0.22%	0.22%
	ZION	D	0.06%	0.04%	0.04%

IWR Overweight 550 Positions Relative to VYM

	Symbol	Grade	Weight
	PLTR	A	0.63%
	AJG	C	0.53%
	DHI	C	0.49%
	HLT	A	0.48%
	SPG	A	0.47%
	O	C	0.47%
	URI	C	0.46%
	DLR	C	0.44%
	CCI	D	0.44%
	ROST	D	0.42%
	TTD	A	0.41%
	GWW	B	0.39%
	FICO	C	0.39%
	MSCI	B	0.38%
	LEN	C	0.38%
	A	B	0.37%
	PWR	A	0.37%
	KVUE	C	0.37%
	LNG	A	0.36%
	IQV	F	0.36%
	MPWR	B	0.36%
	OTIS	A	0.36%
	PCG	C	0.36%
	GEHC	C	0.35%
	CTVA	A	0.35%
	IDXX	D	0.35%
	HWM	A	0.35%
	RCL	B	0.35%
	ACGL	A	0.35%
	IR	A	0.34%
	FERG	F	0.34%
	EA	D	0.33%
	ODFL	F	0.33%
	VRSK	D	0.33%
	HES	D	0.33%
	CNC	F	0.33%
	AME	C	0.33%
	COR	F	0.32%
	EXR	D	0.32%
	IT	A	0.32%
	CBRE	C	0.32%
	CTSH	B	0.32%
	NUE	D	0.31%
	SQ	D	0.31%
	RMD	C	0.3%
	ALNY	C	0.3%
	VRT	B	0.3%
	EFX	D	0.3%
	HUM	F	0.29%
	DDOG	B	0.29%
	VICI	C	0.29%
	APP	A	0.29%
	IRM	B	0.29%
	DAL	C	0.28%
	XYL	C	0.28%
	COIN	F	0.28%
	VMC	D	0.28%
	MLM	F	0.28%
	MTD	C	0.27%
	AVB	C	0.27%
	WAB	A	0.27%
	TSCO	A	0.27%
	PHM	C	0.26%
	NDAQ	C	0.26%
	CSGP	F	0.26%
	ON	F	0.26%
	VEEV	C	0.26%
	WTW	C	0.26%
	CHTR	D	0.26%
	CDW	D	0.25%
	BIIB	F	0.24%
	EQR	C	0.24%
	CPNG	C	0.24%
	NVR	C	0.24%
	AXON	A	0.24%
	DXCM	F	0.23%
	KEYS	B	0.23%
	VLTO	A	0.23%
	FTV	C	0.23%
	ANSS	D	0.23%
	SW	C	0.22%
	MSTR	B	0.22%
	CHD	D	0.22%
	GPN	F	0.22%
	FSLR	C	0.22%
	HUBS	D	0.22%
	VTR	C	0.22%
	TTWO	D	0.22%
	SBAC	C	0.22%
	DOV	C	0.22%
	TYL	D	0.21%
	WY	C	0.21%
	BRO	A	0.21%
	BR	B	0.21%
	STE	D	0.2%
	RJF	B	0.2%
	BLDR	C	0.2%
	NET	D	0.2%
	DECK	B	0.2%
	GDDY	B	0.19%
	WST	D	0.19%
	WDC	C	0.19%
	FCNCA	D	0.19%
	ZBH	F	0.19%
	CBOE	B	0.19%
	LDOS	A	0.19%
	RBLX	D	0.19%
	ILMN	B	0.18%
	CSL	A	0.18%
	BALL	C	0.18%
	PTC	B	0.18%
	BAH	C	0.18%
	WAT	B	0.18%
	COO	C	0.18%
	INVH	D	0.18%
	CPAY	A	0.18%
	PINS	D	0.17%
	WBD	F	0.17%
	MOH	F	0.17%
	EME	B	0.17%
	TRU	C	0.17%
	TER	C	0.17%
	SMCI	F	0.17%
	MKL	B	0.17%
	ARE	D	0.17%
	TDY	A	0.17%
	ULTA	D	0.16%
	EXPD	D	0.16%
	MDB	D	0.16%
	LVS	B	0.16%
	MAA	D	0.16%
	UAL	A	0.16%
	ALGN	D	0.16%
	HOLX	D	0.16%
	LH	D	0.16%
	MAS	C	0.16%
	EXPE	B	0.16%
	DG	F	0.16%
	ZBRA	B	0.16%
	ESS	D	0.16%
	CVNA	A	0.16%
	LII	C	0.16%
	STLD	C	0.16%
	APTV	D	0.16%
	LPLA	D	0.15%
	TPL	A	0.15%
	AVTR	D	0.15%
	FDS	C	0.15%
	DKNG	C	0.15%
	LYV	A	0.15%
	AVY	D	0.15%
	CCL	C	0.15%
	ZM	B	0.15%
	VRSN	C	0.14%
	SSNC	C	0.14%
	TOL	C	0.14%
	DOC	C	0.14%
	PNR	C	0.14%
	IEX	D	0.14%
	AMCR	C	0.14%
	TXT	F	0.14%
	PODD	C	0.14%
	J	F	0.14%
	SUI	D	0.14%
	BURL	C	0.14%
	ENTG	D	0.14%
	HEI	C	0.14%
	MANH	A	0.14%
	ENPH	F	0.13%
	IBKR	A	0.13%
	UDR	C	0.13%
	NDSN	C	0.13%
	GWRE	A	0.13%
	HOOD	B	0.13%
	TRMB	B	0.13%
	DPZ	D	0.13%
	PSTG	F	0.13%
	OC	C	0.13%
	AKAM	D	0.13%
	KIM	C	0.13%
	ZS	F	0.13%
	RVTY	C	0.13%
	DT	B	0.13%
	THC	D	0.13%
	UTHR	C	0.13%
	FWONK	D	0.13%
	FIX	A	0.12%
	NTNX	C	0.12%
	ACM	A	0.12%
	JBHT	D	0.12%
	POOL	D	0.12%
	CASY	D	0.12%
	USFD	C	0.12%
	RNR	A	0.12%
	ROL	C	0.12%
	L	C	0.12%
	DLTR	F	0.12%
	GGG	C	0.12%
	NTRA	A	0.12%
	TW	A	0.12%
	CLH	B	0.11%
	WING	C	0.11%
	KMX	F	0.11%
	EXAS	C	0.11%
	BXP	B	0.11%
	DOCU	A	0.11%
	TTEK	A	0.11%
	JLL	C	0.11%
	ALLE	A	0.11%
	TOST	B	0.11%
	CPT	C	0.11%
	FND	C	0.11%
	FFIV	B	0.11%
	AMH	D	0.11%
	CW	A	0.11%
	BLD	D	0.11%
	ELS	D	0.11%
	UHS	D	0.11%
	JKHY	A	0.11%
	BMRN	F	0.11%
	JBL	C	0.11%
	REG	C	0.11%
	GLPI	C	0.11%
	WPC	C	0.11%
	CACI	A	0.1%
	BJ	B	0.1%
	CCK	C	0.1%
	SCI	D	0.1%
	NBIX	F	0.1%
	LAMR	C	0.1%
	SAIA	D	0.1%
	TFX	C	0.1%
	HEI	C	0.1%
	OKTA	F	0.1%
	COHR	B	0.1%
	FTI	B	0.1%
	TXRH	A	0.1%
	CUBE	C	0.1%
	PFGC	A	0.1%
	ITT	C	0.1%
	TECH	D	0.1%
	XPO	F	0.1%
	HST	D	0.1%
	CRL	F	0.09%
	ARMK	C	0.09%
	OHI	C	0.09%
	NWSA	D	0.09%
	WWD	C	0.09%
	WYNN	B	0.09%
	BWXT	A	0.09%
	Z	C	0.09%
	DUOL	B	0.09%
	LECO	D	0.09%
	KNSL	B	0.09%
	ATR	A	0.09%
	REXR	D	0.09%
	AOS	C	0.09%
	INCY	B	0.09%
	RRX	B	0.09%
	EPAM	F	0.09%
	TWLO	B	0.09%
	CTLT	A	0.09%
	FBIN	C	0.09%
	WMS	D	0.09%
	ALB	D	0.09%
	SRPT	F	0.09%
	SNX	C	0.08%
	EGP	D	0.08%
	KBR	A	0.08%
	NNN	C	0.08%
	DCI	B	0.08%
	CZR	B	0.08%
	CHE	D	0.08%
	SKX	B	0.08%
	CIEN	A	0.08%
	GPK	D	0.08%
	NYT	C	0.08%
	AFRM	C	0.08%
	MGM	D	0.08%
	TTC	F	0.08%
	TPX	C	0.08%
	DAY	C	0.08%
	PRI	A	0.08%
	CAVA	B	0.08%
	MUSA	D	0.08%
	GL	C	0.08%
	AYI	A	0.08%
	HSIC	D	0.08%
	GNRC	B	0.08%
	LW	D	0.08%
	SOLV	C	0.08%
	RGLD	C	0.08%
	FRT	D	0.08%
	ROKU	C	0.08%
	QRVO	F	0.08%
	EXP	C	0.08%
	CHDN	C	0.08%
	MKTX	B	0.08%
	EHC	C	0.08%
	OLED	B	0.08%
	TKO	A	0.08%
	MTCH	B	0.08%
	AA	B	0.08%
	OWL	A	0.08%
	ONTO	B	0.08%
	NLY	C	0.08%
	AGNC	B	0.07%
	CR	A	0.07%
	MTZ	A	0.07%
	X	F	0.07%
	AXTA	C	0.07%
	GMED	B	0.07%
	SOFI	C	0.07%
	LNW	F	0.07%
	COKE	C	0.07%
	COLD	D	0.07%
	BFAM	C	0.07%
	FCN	C	0.07%
	BRBR	A	0.07%
	BWA	C	0.07%
	SSD	B	0.07%
	RGEN	F	0.07%
	ATI	C	0.07%
	KNX	D	0.07%
	GME	D	0.07%
	DVA	C	0.07%
	GLOB	D	0.07%
	AR	C	0.07%
	BRX	C	0.07%
	MHK	C	0.07%
	CNM	F	0.07%
	CROX	C	0.07%
	PAYC	D	0.07%
	MORN	B	0.07%
	MEDP	F	0.07%
	NCLH	C	0.07%
	RIVN	F	0.07%
	ALSN	A	0.07%
	WEX	C	0.07%
	RBC	C	0.07%
	LAD	C	0.07%
	FYBR	C	0.07%
	LBRDK	C	0.07%
	U	D	0.06%
	MAT	B	0.06%
	H	B	0.06%
	VKTX	C	0.06%
	BIO	B	0.06%
	LSTR	F	0.06%
	SITE	D	0.06%
	AZEK	D	0.06%
	JAZZ	F	0.06%
	WTFC	B	0.06%
	HR	D	0.06%
	GNTX	D	0.06%
	CGNX	F	0.06%
	G	A	0.06%
	SEIC	B	0.06%
	VNO	B	0.06%
	WSC	D	0.06%
	LSCC	D	0.06%
	CART	B	0.06%
	BSY	D	0.06%
	RYAN	A	0.06%
	LPX	C	0.06%
	STAG	D	0.06%
	ARW	C	0.06%
	MKSI	F	0.06%
	PNFP	B	0.06%
	PEN	D	0.06%
	PLNT	B	0.06%
	SN	A	0.06%
	PCTY	C	0.06%
	AAL	D	0.06%
	KEX	C	0.06%
	ELAN	D	0.06%
	SAIC	A	0.06%
	UHAL	C	0.06%
	WCC	D	0.06%
	FR	D	0.06%
	AAON	A	0.06%
	BRKR	D	0.06%
	TREX	D	0.06%
	MIDD	D	0.06%
	APG	F	0.06%
	SMAR	A	0.06%
	ADC	C	0.06%
	ITCI	D	0.06%
	EXEL	B	0.06%
	ST	F	0.05%
	APPF	C	0.05%
	XRAY	D	0.05%
	VVV	D	0.05%
	DOCS	A	0.05%
	LAZ	C	0.05%
	TKR	B	0.05%
	PVH	D	0.05%
	FOUR	A	0.05%
	CELH	F	0.05%
	PATH	D	0.05%
	AMG	B	0.05%
	RITM	D	0.05%
	OLN	D	0.05%
	SRCL	B	0.05%
	ALK	C	0.05%
	THO	C	0.05%
	ACHC	F	0.05%
	POST	C	0.05%
	VMI	B	0.05%
	ELF	F	0.05%
	MASI	B	0.05%
	DAR	F	0.05%
	OLLI	C	0.05%
	AWI	A	0.05%
	GTLB	D	0.05%
	ESAB	C	0.05%
	GXO	D	0.05%
	MTDR	D	0.05%
	CLF	D	0.05%
	MTSI	B	0.05%
	ESI	C	0.05%
	DBX	C	0.05%
	ETSY	F	0.05%
	ESTC	F	0.05%
	INSP	C	0.05%
	IONS	F	0.05%
	PCOR	D	0.05%
	AZPN	A	0.05%
	STWD	C	0.05%
	FRPT	A	0.05%
	WFRD	F	0.05%
	S	C	0.05%
	MSA	F	0.05%
	NOV	F	0.05%
	CRUS	D	0.05%
	LFUS	C	0.05%
	LITE	A	0.04%
	LOPE	D	0.04%
	ASH	F	0.04%
	SLGN	B	0.04%
	EEFT	F	0.04%
	BYD	B	0.04%
	WTM	C	0.04%
	DLB	D	0.04%
	CUZ	C	0.04%
	KRC	C	0.04%
	LYFT	D	0.04%
	AN	D	0.04%
	CFLT	F	0.04%
	RYN	C	0.04%
	VNOM	A	0.04%
	LINE	F	0.04%
	CPRI	C	0.04%
	HCP	A	0.04%
	PSN	A	0.04%
	ROIV	D	0.04%
	FIVE	D	0.04%
	CCCS	D	0.04%
	HXL	F	0.04%
	RH	C	0.04%
	WLK	C	0.04%
	W	C	0.04%
	RARE	D	0.04%
	KD	D	0.04%
	VNT	F	0.04%
	BILL	D	0.04%
	LCID	F	0.03%
	ZG	C	0.03%
	AMED	D	0.03%
	ZI	F	0.03%
	PEGA	B	0.03%
	NWS	D	0.03%
	AMTM	D	0.03%
	NSA	D	0.03%
	AMKR	F	0.03%
	NVST	D	0.03%
	MPW	C	0.03%
	YETI	C	0.03%
	LBTYA	C	0.03%
	COTY	F	0.03%
	LBTYK	C	0.03%
	HIW	C	0.03%
	BROS	F	0.03%
	DXC	C	0.03%
	GTES	C	0.03%
	CHH	A	0.03%
	EPR	C	0.03%
	NEU	F	0.03%
	GFS	F	0.03%
	SPR	D	0.03%
	IAC	C	0.03%
	MSGS	A	0.03%
	BIRK	F	0.02%
	QS	F	0.02%
	LEN	C	0.02%
	IPGP	D	0.02%
	VSTS	D	0.02%
	FIVN	F	0.02%
	PPC	C	0.02%
	ADT	D	0.02%
	HAYW	C	0.02%
	RCM	B	0.02%
	TXG	F	0.02%
	ENOV	F	0.02%
	MP	C	0.02%
	LLYVK	B	0.02%
	QDEL	D	0.02%
	HHH	C	0.02%
	CNXC	F	0.02%
	DV	F	0.02%
	SHC	C	0.02%
	AZTA	F	0.02%
	RNG	F	0.02%
	NCNO	F	0.02%
	SAM	D	0.02%
	CLVT	D	0.02%
	RKT	D	0.02%
	ALGM	F	0.02%
	BHF	D	0.02%
	CACC	F	0.02%
	PENN	D	0.02%
	COLM	B	0.02%
	TDC	D	0.02%
	APLS	F	0.02%
	PK	D	0.02%
	UHAL	C	0.01%
	LOAR	B	0.01%
	UWMC	D	0.01%
	SEB	F	0.01%
	DJT	F	0.01%
	AS	B	0.01%
	LLYVA	B	0.01%
	PYCR	D	0.01%
	ALAB	C	0.01%
	WOLF	F	0.01%
	SNDR	D	0.01%
	LBRDA	C	0.01%
	CERT	F	0.01%
	CAR	D	0.01%
	TRIP	D	0.01%
	INFA	D	0.01%
	UA	B	0.01%
	FWONA	C	0.01%
	GO	F	0.01%
	FTRE	F	0.01%
	UAA	B	0.01%
	SEG	F	0.0%
	PARAA	D	0.0%
	GRAL	F	0.0%
	PLTK	C	0.0%

IWR Underweight 291 Positions Relative to VYM

	Symbol	Grade	Weight
	AVGO	B	-4.22%
	JPM	C	-3.67%
	XOM	A	-3.02%
	PG	D	-2.31%
	JNJ	D	-2.28%
	HD	A	-2.08%
	ABBV	C	-1.98%
	WMT	A	-1.91%
	MRK	F	-1.71%
	KO	C	-1.6%
	BAC	B	-1.58%
	CVX	B	-1.41%
	PEP	F	-1.35%
	MCD	A	-1.19%
	WFC	B	-1.17%
	CSCO	A	-1.17%
	QCOM	D	-1.12%
	ABT	C	-1.12%
	TXN	C	-1.11%
	PM	D	-1.09%
	AMGN	D	-1.02%
	VZ	C	-1.0%
	CAT	A	-0.99%
	IBM	A	-0.97%
	PFE	D	-0.94%
	NEE	C	-0.94%
	RTX	A	-0.93%
	GS	B	-0.92%
	UNP	F	-0.89%
	CMCSA	B	-0.88%
	PGR	B	-0.84%
	LOW	C	-0.81%
	T	B	-0.81%
	HON	C	-0.77%
	BLK	A	-0.76%
	COP	D	-0.76%
	ETN	B	-0.7%
	MS	A	-0.69%
	LMT	A	-0.69%
	C	B	-0.68%
	MDT	C	-0.67%
	CB	A	-0.66%
	ADI	B	-0.66%
	ADP	A	-0.65%
	SBUX	B	-0.61%
	BMY	A	-0.58%
	BX	C	-0.58%
	CI	D	-0.57%
	GILD	A	-0.56%
	MDLZ	D	-0.55%
	INTC	D	-0.54%
	SO	A	-0.54%
	MO	D	-0.53%
	UPS	D	-0.53%
	DUK	C	-0.5%
	CL	D	-0.49%
	WM	B	-0.48%
	GD	C	-0.47%
	ITW	C	-0.43%
	PNC	C	-0.42%
	EOG	B	-0.42%
	MMM	C	-0.42%
	CVS	D	-0.41%
	TGT	C	-0.4%
	FDX	F	-0.39%
	USB	C	-0.37%
	NXPI	F	-0.37%
	MPC	D	-0.36%
	SLB	D	-0.36%
	NEM	C	-0.35%
	APD	C	-0.35%
	TFC	D	-0.34%
	PSX	D	-0.34%
	EMR	B	-0.34%
	APO	A	-0.34%
	NSC	C	-0.33%
	AIG	C	-0.3%
	SRE	C	-0.3%
	TRV	B	-0.3%
	AEP	C	-0.3%
	KMB	D	-0.28%
	PCAR	D	-0.28%
	JCI	C	-0.28%
	D	A	-0.27%
	VLO	F	-0.27%
	MET	A	-0.26%
	F	D	-0.25%
	KDP	C	-0.22%
	KHC	F	-0.18%
	EL	D	-0.12%
	STX	C	-0.11%
	CCEP	C	-0.09%
	BAP	A	-0.07%
	SCCO	B	-0.05%
	ONB	D	-0.04%
	ESNT	A	-0.04%
	JXN	A	-0.04%
	CRS	B	-0.04%
	SSB	C	-0.04%
	ALV	F	-0.04%
	XP	F	-0.04%
	CRBG	B	-0.04%
	AVNT	C	-0.03%
	MGY	B	-0.03%
	SWX	C	-0.03%
	NJR	C	-0.03%
	HWC	D	-0.03%
	UMBF	C	-0.03%
	PIPR	A	-0.03%
	MC	B	-0.03%
	FFIN	D	-0.03%
	POR	D	-0.03%
	GATX	F	-0.03%
	UBSI	D	-0.03%
	HOMB	D	-0.03%
	MUR	F	-0.03%
	GBCI	B	-0.03%
	RDN	D	-0.03%
	CBT	B	-0.03%
	BCPC	C	-0.03%
	CADE	B	-0.03%
	MGRC	D	-0.02%
	TRN	C	-0.02%
	INDB	D	-0.02%
	YOU	C	-0.02%
	SLVM	C	-0.02%
	BKU	D	-0.02%
	RRR	D	-0.02%
	BFH	D	-0.02%
	LCII	C	-0.02%
	CALM	A	-0.02%
	AVA	D	-0.02%
	BTU	B	-0.02%
	AWR	B	-0.02%
	CATY	B	-0.02%
	CCOI	B	-0.02%
	AROC	B	-0.02%
	MGEE	C	-0.02%
	HP	D	-0.02%
	CWT	D	-0.02%
	CBU	D	-0.02%
	SHOO	A	-0.02%
	EBC	B	-0.02%
	SXT	C	-0.02%
	GLNG	A	-0.02%
	LANC	F	-0.02%
	STNG	B	-0.02%
	NWE	C	-0.02%
	IBOC	D	-0.02%
	NSP	F	-0.02%
	ASB	D	-0.02%
	OTTR	F	-0.02%
	FULT	D	-0.02%
	WD	C	-0.02%
	AUB	D	-0.02%
	PBF	F	-0.02%
	FBP	B	-0.02%
	ABM	D	-0.02%
	SR	D	-0.02%
	CRC	B	-0.02%
	ALE	A	-0.02%
	UCB	D	-0.02%
	PTEN	F	-0.02%
	PNM	B	-0.02%
	VLY	C	-0.02%
	CNO	B	-0.02%
	KFY	C	-0.02%
	SEM	D	-0.02%
	OGS	C	-0.02%
	NOG	D	-0.02%
	BKH	C	-0.02%
	SFBS	B	-0.02%
	KTB	C	-0.02%
	BRKL	D	-0.01%
	DLX	F	-0.01%
	FG	B	-0.01%
	EMBC	F	-0.01%
	JACK	F	-0.01%
	FDP	C	-0.01%
	MATV	F	-0.01%
	WMK	D	-0.01%
	KLG	F	-0.01%
	SRCE	D	-0.01%
	KALU	D	-0.01%
	BHLB	D	-0.01%
	EIG	A	-0.01%
	KW	C	-0.01%
	SAFT	D	-0.01%
	BKE	B	-0.01%
	DK	F	-0.01%
	OXM	F	-0.01%
	UVV	D	-0.01%
	SCS	D	-0.01%
	XRX	D	-0.01%
	WABC	F	-0.01%
	SFL	D	-0.01%
	SASR	B	-0.01%
	WT	D	-0.01%
	BLMN	F	-0.01%
	NAVI	D	-0.01%
	CSGS	B	-0.01%
	VRTS	D	-0.01%
	HMN	B	-0.01%
	DAN	D	-0.01%
	HOPE	B	-0.01%
	AY	C	-0.01%
	GBX	C	-0.01%
	APOG	B	-0.01%
	WOR	F	-0.01%
	BHE	C	-0.01%
	HTH	F	-0.01%
	SYBT	C	-0.01%
	HEES	D	-0.01%
	PZZA	D	-0.01%
	NWN	D	-0.01%
	GEF	B	-0.01%
	STBA	D	-0.01%
	TROX	D	-0.01%
	WGO	D	-0.01%
	WKC	A	-0.01%
	WLY	A	-0.01%
	CHCO	D	-0.01%
	FCF	D	-0.01%
	LZB	D	-0.01%
	NTB	D	-0.01%
	NWBI	D	-0.01%
	MCY	B	-0.01%
	UPBD	F	-0.01%
	PDCO	F	-0.01%
	WSBC	D	-0.01%
	B	A	-0.01%
	NMRK	C	-0.01%
	CAKE	A	-0.01%
	TNC	F	-0.01%
	SJW	D	-0.01%
	RNST	D	-0.01%
	CABO	F	-0.01%
	TRMK	D	-0.01%
	BANR	B	-0.01%
	KMT	C	-0.01%
	MLKN	F	-0.01%
	IBTX	B	-0.01%
	SBLK	C	-0.01%
	STRA	F	-0.01%
	ADTN	C	-0.01%
	BANF	D	-0.01%
	PHIN	D	-0.01%
	VGR	B	-0.01%
	NBTB	D	-0.01%
	FRME	D	-0.01%
	SBCF	D	-0.01%
	HI	F	-0.01%
	ENR	B	-0.01%
	TDS	C	-0.01%
	HTLF	B	-0.01%
	ARCH	D	-0.01%
	PFS	D	-0.01%
	TOWN	C	-0.01%
	PPBI	D	-0.01%
	CVBF	B	-0.01%
	FIBK	C	-0.01%
	TGNA	B	-0.01%
	CNS	C	-0.01%
	WAFD	D	-0.01%
	FFBC	D	-0.01%
	PRK	D	-0.01%
	NOMD	D	-0.01%
	IGT	F	-0.01%
	VSH	F	-0.01%
	HNI	B	-0.01%
	CPK	C	-0.01%
	BOH	D	-0.01%
	APAM	B	-0.01%
	JJSF	C	-0.01%
	SFNC	B	-0.01%
	TTEC	F	-0.0%
	MEI	D	-0.0%
	LSXMK	D	-0.0%
	GTN	D	-0.0%
	NUS	F	-0.0%
	RBCAA	C	-0.0%
	GES	F	-0.0%
	ALGT	D	-0.0%
	RGR	F	-0.0%
	SCHL	F	-0.0%
	MATW	F	-0.0%
	CFFN	D	-0.0%
	MNRO	B	-0.0%
	CBRL	D	-0.0%
	CVI	D	-0.0%
	SSTK	F	-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

VYM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Asset Management Utilities - Regulated Electric Oil & Gas E&P Packaged Foods Insurance - Property & Casualty Utilities - Diversified Utilities - Regulated Gas Diversified Industrials Restaurants Semiconductors Specialty Chemicals Insurance - Life Oil & Gas Refining & Marketing Capital Markets Chemicals Credit Services Drug Manufacturers - Major Household & Personal Products Insurance - Diversified

Keywords: S&P 500 Bank Banking Natural Gas Insurance Deposit Products Electricity Commercial Banking Nasdaq 100 Real Estate Loans Investment Bank Investment Management Mining Insurance Products Chemical Commercial Bank Life Insurance Trust Services Cash Management Aerospace