IWS vs. VONG ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Vanguard Russell 1000 Growth ETF (VONG)

IWS

iShares Russell Mid-cap Value ETF

IWS Description

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

Grade (RS Rating)

Last Trade

$138.56

Average Daily Volume

277,482

Number of Holdings ^*

707

* may have additional holdings in another (foreign) market

VONG

Vanguard Russell 1000 Growth ETF

VONG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization growth stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000® Growth Index. The index is designed to measure the performance of large-capitalization growth stocks in the United States. 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

$101.47

Average Daily Volume

688,419

Number of Holdings ^*

386

* may have additional holdings in another (foreign) market

Performance

Period	IWS	VONG
30 Days	5.12%	4.11%
60 Days	5.58%	5.76%
90 Days	7.47%	7.28%
12 Months	31.67%	36.33%

185 Overlapping Holdings

	Symbol	Grade	Weight in IWS	Weight in VONG	Overlap
	AAL	B	0.1%	0.0%	0.0%
	AJG	B	0.65%	0.02%	0.02%
	ALGN	F	0.08%	0.03%	0.03%
	ALL	A	0.48%	0.03%	0.03%
	ALLY	C	0.1%	0.0%	0.0%
	ALNY	D	0.04%	0.11%	0.04%
	AM	A	0.04%	0.01%	0.01%
	AMP	A	0.06%	0.17%	0.06%
	AVY	D	0.11%	0.02%	0.02%
	AWI	A	0.05%	0.01%	0.01%
	AZEK	A	0.02%	0.02%	0.02%
	BFAM	D	0.06%	0.0%	0.0%
	BILL	A	0.07%	0.01%	0.01%
	BLD	D	0.11%	0.0%	0.0%
	BLDR	D	0.21%	0.01%	0.01%
	BPOP	B	0.07%	0.0%	0.0%
	BR	A	0.03%	0.08%	0.03%
	BRKR	D	0.02%	0.01%	0.01%
	BRO	B	0.16%	0.04%	0.04%
	BROS	B	0.03%	0.01%	0.01%
	BWXT	B	0.1%	0.01%	0.01%
	CACC	D	0.01%	0.01%	0.01%
	CAH	B	0.13%	0.06%	0.06%
	CAR	C	0.01%	0.0%	0.0%
	CASY	A	0.13%	0.01%	0.01%
	CC	C	0.03%	0.0%	0.0%
	CDW	F	0.13%	0.05%	0.05%
	CE	F	0.07%	0.01%	0.01%
	CGNX	C	0.07%	0.0%	0.0%
	CHE	D	0.08%	0.0%	0.0%
	CHH	A	0.01%	0.01%	0.01%
	CIVI	D	0.04%	0.0%	0.0%
	CLF	F	0.04%	0.01%	0.01%
	CNM	D	0.03%	0.02%	0.02%
	COIN	C	0.11%	0.11%	0.11%
	CROX	D	0.05%	0.0%	0.0%
	CSL	C	0.19%	0.01%	0.01%
	CVNA	B	0.19%	0.03%	0.03%
	DAY	B	0.11%	0.0%	0.0%
	DBX	B	0.05%	0.01%	0.01%
	DJT	C	0.01%	0.0%	0.0%
	DKS	C	0.11%	0.0%	0.0%
	DOCS	C	0.06%	0.0%	0.0%
	DPZ	C	0.11%	0.02%	0.02%
	DRI	B	0.1%	0.04%	0.04%
	DV	C	0.01%	0.01%	0.01%
	EFX	F	0.27%	0.02%	0.02%
	EG	C	0.15%	0.01%	0.01%
	EME	C	0.15%	0.03%	0.03%
	EPAM	C	0.13%	0.0%	0.0%
	EQT	B	0.26%	0.0%	0.0%
	ETSY	D	0.02%	0.01%	0.01%
	EXAS	D	0.06%	0.02%	0.02%
	EXEL	B	0.02%	0.03%	0.02%
	EXP	A	0.03%	0.03%	0.03%
	EXPD	D	0.16%	0.01%	0.01%
	FAST	B	0.08%	0.14%	0.08%
	FDS	B	0.13%	0.02%	0.02%
	FICO	B	0.09%	0.15%	0.09%
	FIVE	F	0.01%	0.01%	0.01%
	FND	C	0.08%	0.01%	0.01%
	FRPT	B	0.05%	0.01%	0.01%
	FTRE	D	0.02%	0.0%	0.0%
	GEHC	F	0.37%	0.01%	0.01%
	GLOB	B	0.02%	0.02%	0.02%
	GNRC	B	0.06%	0.02%	0.02%
	GWRE	A	0.1%	0.03%	0.03%
	GWW	B	0.07%	0.15%	0.07%
	H	B	0.06%	0.0%	0.0%
	HAS	D	0.01%	0.03%	0.01%
	HCP	B	0.01%	0.01%	0.01%
	HES	B	0.16%	0.09%	0.09%
	HLI	B	0.1%	0.0%	0.0%
	HLT	A	0.33%	0.11%	0.11%
	HPQ	A	0.3%	0.03%	0.03%
	HRB	D	0.07%	0.01%	0.01%
	HSY	F	0.24%	0.01%	0.01%
	HWM	A	0.47%	0.01%	0.01%
	INCY	C	0.13%	0.0%	0.0%
	IONS	F	0.0%	0.02%	0.0%
	IQV	D	0.34%	0.02%	0.02%
	IRDM	D	0.03%	0.0%	0.0%
	IRM	D	0.16%	0.07%	0.07%
	JBL	B	0.14%	0.0%	0.0%
	JEF	A	0.1%	0.01%	0.01%
	JLL	D	0.09%	0.01%	0.01%
	KBR	F	0.08%	0.0%	0.0%
	KMX	B	0.13%	0.0%	0.0%
	LAMR	D	0.09%	0.01%	0.01%
	LBRDA	C	0.01%	0.0%	0.0%
	LBRDK	C	0.08%	0.01%	0.01%
	LECO	B	0.09%	0.01%	0.01%
	LNG	B	0.26%	0.08%	0.08%
	LOPE	B	0.03%	0.0%	0.0%
	LPX	B	0.02%	0.02%	0.02%
	LSCC	D	0.01%	0.02%	0.01%
	LW	C	0.08%	0.01%	0.01%
	LYFT	C	0.02%	0.01%	0.01%
	MASI	A	0.04%	0.01%	0.01%
	MKL	A	0.18%	0.02%	0.02%
	MKSI	C	0.07%	0.0%	0.0%
	MLM	B	0.37%	0.01%	0.01%
	MOH	F	0.07%	0.04%	0.04%
	MSCI	C	0.21%	0.09%	0.09%
	MSGS	A	0.04%	0.0%	0.0%
	MSTR	C	0.55%	0.01%	0.01%
	MTDR	B	0.07%	0.0%	0.0%
	MTN	C	0.01%	0.02%	0.01%
	NCNO	B	0.01%	0.01%	0.01%
	NFE	D	0.0%	0.0%	0.0%
	NRG	B	0.12%	0.03%	0.03%
	NTAP	C	0.15%	0.04%	0.04%
	NTNX	A	0.13%	0.02%	0.02%
	NXST	C	0.03%	0.01%	0.01%
	OKTA	C	0.07%	0.02%	0.02%
	OLED	D	0.04%	0.02%	0.02%
	ONTO	D	0.06%	0.01%	0.01%
	PATH	C	0.01%	0.02%	0.01%
	PAYC	B	0.05%	0.02%	0.02%
	PAYX	C	0.32%	0.06%	0.06%
	PFGC	B	0.12%	0.01%	0.01%
	PLNT	A	0.04%	0.01%	0.01%
	PPC	C	0.02%	0.0%	0.0%
	PR	B	0.08%	0.01%	0.01%
	PSTG	D	0.02%	0.05%	0.02%
	PTC	A	0.1%	0.05%	0.05%
	PWR	A	0.36%	0.05%	0.05%
	PYCR	C	0.01%	0.0%	0.0%
	RCL	A	0.39%	0.06%	0.06%
	RGEN	D	0.07%	0.0%	0.0%
	RH	B	0.04%	0.0%	0.0%
	RLI	B	0.08%	0.0%	0.0%
	RMD	C	0.27%	0.03%	0.03%
	ROK	B	0.33%	0.01%	0.01%
	ROKU	D	0.08%	0.0%	0.0%
	ROST	C	0.39%	0.04%	0.04%
	RPM	A	0.15%	0.01%	0.01%
	S	B	0.07%	0.0%	0.0%
	SAIA	B	0.06%	0.03%	0.03%
	SAM	C	0.02%	0.0%	0.0%
	SEE	C	0.03%	0.0%	0.0%
	SITE	D	0.04%	0.01%	0.01%
	SKX	D	0.08%	0.0%	0.0%
	SN	D	0.06%	0.0%	0.0%
	SOFI	A	0.13%	0.01%	0.01%
	SPG	B	0.48%	0.05%	0.05%
	SPR	D	0.03%	0.0%	0.0%
	SQ	A	0.3%	0.06%	0.06%
	SSD	D	0.08%	0.0%	0.0%
	SYY	B	0.16%	0.08%	0.08%
	TER	D	0.02%	0.05%	0.02%
	TKO	B	0.09%	0.0%	0.0%
	TPG	A	0.05%	0.01%	0.01%
	TRIP	F	0.02%	0.0%	0.0%
	TRU	D	0.19%	0.0%	0.0%
	TTEK	F	0.1%	0.01%	0.01%
	TW	A	0.1%	0.02%	0.02%
	TWLO	A	0.15%	0.01%	0.01%
	TXG	F	0.01%	0.0%	0.0%
	TYL	C	0.04%	0.08%	0.04%
	U	C	0.03%	0.01%	0.01%
	UHAL	D	0.0%	0.0%	0.0%
	UHAL	D	0.04%	0.01%	0.01%
	UHAL	D	0.0%	0.01%	0.0%
	UHAL	D	0.04%	0.0%	0.0%
	UI	A	0.01%	0.0%	0.0%
	ULTA	F	0.03%	0.06%	0.03%
	URI	B	0.46%	0.05%	0.05%
	UWMC	D	0.0%	0.0%	0.0%
	VLTO	D	0.15%	0.04%	0.04%
	VMC	B	0.3%	0.03%	0.03%
	VRSN	F	0.16%	0.0%	0.0%
	WAT	B	0.09%	0.04%	0.04%
	WEN	D	0.02%	0.01%	0.01%
	WEX	D	0.07%	0.0%	0.0%
	WH	B	0.07%	0.0%	0.0%
	WMS	D	0.06%	0.01%	0.01%
	WSC	D	0.05%	0.01%	0.01%
	WSM	B	0.07%	0.04%	0.04%
	WST	C	0.1%	0.05%	0.05%
	WU	D	0.03%	0.0%	0.0%
	WYNN	D	0.09%	0.0%	0.0%
	YETI	C	0.03%	0.0%	0.0%
	YUM	B	0.26%	0.05%	0.05%
	ZBRA	B	0.17%	0.02%	0.02%

IWS Overweight 524 Positions Relative to VONG

	Symbol	Grade	Weight
	WMB	A	0.76%
	OKE	A	0.7%
	AFL	B	0.68%
	BK	A	0.64%
	DLR	B	0.64%
	KMI	A	0.58%
	O	D	0.54%
	CMI	A	0.54%
	FIS	C	0.54%
	DHI	D	0.53%
	LHX	C	0.51%
	CCI	D	0.5%
	KVUE	A	0.5%
	PRU	A	0.5%
	PEG	A	0.49%
	AME	A	0.49%
	PCG	A	0.49%
	DFS	B	0.48%
	BKR	B	0.47%
	EA	A	0.47%
	DAL	C	0.45%
	IR	B	0.45%
	CBRE	B	0.44%
	OTIS	C	0.44%
	LEN	D	0.44%
	CTVA	C	0.43%
	XEL	A	0.43%
	EXC	C	0.43%
	FERG	B	0.42%
	CTSH	B	0.42%
	KR	B	0.42%
	A	D	0.41%
	CHTR	C	0.4%
	ACGL	D	0.4%
	NUE	C	0.39%
	GIS	D	0.39%
	GLW	B	0.39%
	MTB	A	0.39%
	WAB	B	0.38%
	DD	D	0.38%
	EXR	D	0.38%
	HIG	B	0.38%
	HUM	C	0.37%
	FANG	D	0.37%
	MCHP	F	0.37%
	ED	D	0.37%
	GRMN	B	0.36%
	NDAQ	A	0.36%
	AVB	B	0.36%
	VICI	C	0.36%
	ETR	B	0.35%
	EIX	B	0.35%
	WTW	B	0.35%
	FITB	A	0.35%
	TTWO	A	0.34%
	DOW	F	0.34%
	WEC	A	0.34%
	EBAY	D	0.34%
	GPN	B	0.33%
	UAL	A	0.33%
	CNC	D	0.33%
	RJF	A	0.33%
	PPG	F	0.32%
	STT	A	0.32%
	CSGP	D	0.32%
	ANSS	B	0.32%
	XYL	D	0.32%
	ON	D	0.31%
	EQR	B	0.31%
	HPE	B	0.3%
	DOV	A	0.3%
	TROW	B	0.29%
	KEYS	A	0.29%
	HAL	C	0.29%
	AWK	D	0.29%
	FTV	C	0.29%
	FCNCA	A	0.29%
	PHM	D	0.29%
	CHD	B	0.29%
	SW	A	0.29%
	ADM	D	0.28%
	HBAN	A	0.28%
	VTR	C	0.28%
	SYF	B	0.28%
	NVR	D	0.28%
	CCL	B	0.27%
	DVN	F	0.27%
	RF	A	0.27%
	AEE	A	0.27%
	DTE	C	0.27%
	MTD	D	0.27%
	PPL	B	0.27%
	CINF	A	0.26%
	BIIB	F	0.26%
	HUBB	B	0.26%
	SBAC	D	0.26%
	FE	C	0.26%
	WBD	C	0.25%
	WY	D	0.25%
	ZBH	C	0.25%
	ZM	B	0.24%
	HOOD	B	0.24%
	NTRS	A	0.24%
	EXE	B	0.24%
	ILMN	D	0.24%
	LYB	F	0.24%
	LDOS	C	0.24%
	TDY	B	0.24%
	STE	F	0.24%
	ATO	A	0.24%
	ES	D	0.24%
	IFF	D	0.24%
	WDC	D	0.23%
	INVH	D	0.23%
	STLD	B	0.23%
	PKG	A	0.23%
	CBOE	B	0.23%
	K	A	0.23%
	CFG	B	0.23%
	LH	C	0.22%
	PFG	D	0.22%
	BBY	D	0.22%
	IP	B	0.22%
	CMS	C	0.22%
	FSLR	F	0.22%
	MKC	D	0.21%
	OMC	C	0.21%
	BALL	D	0.21%
	CTRA	B	0.21%
	IBKR	A	0.21%
	ESS	B	0.21%
	COO	D	0.21%
	LUV	C	0.21%
	CNP	B	0.21%
	RS	B	0.2%
	KEY	B	0.2%
	DGX	A	0.2%
	WRB	A	0.2%
	HOLX	D	0.2%
	WSO	A	0.2%
	TSN	B	0.2%
	ARE	D	0.2%
	MAA	B	0.2%
	SNA	A	0.2%
	GPC	D	0.19%
	TRMB	B	0.19%
	MAS	D	0.19%
	IEX	B	0.19%
	J	F	0.19%
	PNR	A	0.19%
	CF	B	0.18%
	FNF	B	0.18%
	MRO	B	0.18%
	GEN	B	0.18%
	BAX	D	0.18%
	KIM	A	0.18%
	NI	A	0.18%
	DG	F	0.18%
	OC	A	0.18%
	L	A	0.17%
	VTRS	A	0.17%
	RGA	A	0.17%
	SUI	D	0.17%
	TOL	B	0.17%
	LNT	A	0.17%
	SSNC	B	0.17%
	TXT	D	0.17%
	UTHR	C	0.17%
	EVRG	A	0.16%
	EWBC	A	0.16%
	APTV	D	0.16%
	NDSN	B	0.16%
	UDR	B	0.16%
	ACM	B	0.16%
	DOC	D	0.16%
	USFD	A	0.16%
	THC	D	0.16%
	AMCR	D	0.16%
	JBHT	C	0.16%
	GGG	B	0.16%
	RNR	C	0.15%
	SWKS	F	0.15%
	RVTY	F	0.15%
	REG	B	0.15%
	UNM	A	0.15%
	CW	B	0.15%
	FFIV	B	0.15%
	AVTR	F	0.15%
	BXP	D	0.14%
	CPT	B	0.14%
	ITT	A	0.14%
	COHR	B	0.14%
	JKHY	D	0.14%
	CLH	B	0.14%
	AMH	D	0.14%
	CAG	D	0.14%
	BG	F	0.14%
	CHRW	C	0.14%
	GLPI	C	0.14%
	DLTR	F	0.14%
	AFRM	A	0.14%
	ELS	C	0.14%
	AKAM	D	0.14%
	SWK	D	0.14%
	TPR	B	0.14%
	AIZ	A	0.13%
	SF	B	0.13%
	BJ	A	0.13%
	OVV	B	0.13%
	Z	A	0.13%
	UHS	D	0.13%
	EMN	D	0.13%
	JNPR	F	0.13%
	SCI	B	0.13%
	BMRN	D	0.13%
	HST	C	0.13%
	FTI	A	0.13%
	NVT	B	0.13%
	WPC	D	0.13%
	ALB	C	0.13%
	ALLE	D	0.13%
	FOXA	B	0.12%
	TECH	D	0.12%
	CCK	C	0.12%
	CTLT	B	0.12%
	EVR	B	0.12%
	CUBE	D	0.12%
	FWONK	B	0.12%
	NWSA	B	0.12%
	TAP	C	0.12%
	ATR	B	0.12%
	AA	B	0.12%
	SJM	D	0.12%
	CG	A	0.12%
	FHN	A	0.12%
	RRX	B	0.12%
	CRL	C	0.11%
	DOX	D	0.11%
	CIEN	B	0.11%
	WTRG	B	0.11%
	GL	B	0.11%
	MKTX	D	0.11%
	WAL	B	0.11%
	EHC	B	0.11%
	ARMK	B	0.11%
	DTM	B	0.11%
	OHI	C	0.11%
	AES	F	0.11%
	AFG	A	0.11%
	NLY	C	0.11%
	GME	C	0.11%
	LKQ	D	0.11%
	AYI	B	0.11%
	RPRX	D	0.11%
	LAD	A	0.11%
	IPG	D	0.11%
	ALSN	B	0.11%
	WWD	B	0.11%
	WBS	A	0.11%
	PRI	A	0.11%
	CACI	D	0.11%
	PNW	B	0.11%
	ZION	B	0.1%
	BRX	A	0.1%
	AOS	F	0.1%
	MGM	D	0.1%
	SNX	C	0.1%
	KNX	B	0.1%
	AR	B	0.1%
	HSIC	B	0.1%
	RBC	A	0.1%
	WCC	B	0.1%
	AXTA	A	0.1%
	TFX	F	0.1%
	REXR	F	0.1%
	GMED	A	0.1%
	FBIN	D	0.1%
	RGLD	C	0.1%
	DCI	B	0.1%
	CMA	A	0.1%
	INGR	B	0.1%
	FRT	B	0.1%
	ORI	A	0.1%
	SOLV	C	0.1%
	BRBR	A	0.1%
	CNH	C	0.1%
	PNFP	B	0.1%
	FLS	B	0.09%
	BWA	D	0.09%
	G	B	0.09%
	ACI	C	0.09%
	MTCH	D	0.09%
	CHRD	D	0.09%
	RRC	B	0.09%
	SEIC	B	0.09%
	CZR	F	0.09%
	SNV	B	0.09%
	X	C	0.09%
	APG	B	0.09%
	APA	D	0.09%
	CFR	B	0.09%
	CPB	D	0.09%
	VOYA	B	0.09%
	EGP	F	0.09%
	RIVN	F	0.09%
	RL	B	0.09%
	GPK	C	0.09%
	NYT	C	0.09%
	TTC	D	0.09%
	MOS	F	0.09%
	HRL	D	0.09%
	CR	A	0.09%
	MTZ	B	0.09%
	FYBR	D	0.09%
	CBSH	A	0.09%
	OGE	B	0.09%
	WTFC	A	0.09%
	DAR	C	0.08%
	ELAN	D	0.08%
	FCN	D	0.08%
	MTSI	B	0.08%
	GXO	B	0.08%
	R	B	0.08%
	FR	D	0.08%
	ATI	D	0.08%
	ESAB	B	0.08%
	GNTX	C	0.08%
	AGNC	D	0.08%
	OSK	B	0.08%
	VFC	C	0.08%
	BBWI	D	0.08%
	VNO	B	0.08%
	MIDD	C	0.08%
	CART	C	0.08%
	COKE	C	0.08%
	MHK	D	0.08%
	KEX	C	0.08%
	RHI	B	0.08%
	PB	A	0.08%
	ADC	B	0.08%
	JAZZ	B	0.08%
	HII	D	0.08%
	BERY	B	0.08%
	NNN	D	0.08%
	LNC	B	0.07%
	WHR	B	0.07%
	VNT	B	0.07%
	IDA	A	0.07%
	WBA	F	0.07%
	STWD	C	0.07%
	ARW	D	0.07%
	BIO	D	0.07%
	BEN	C	0.07%
	QRVO	F	0.07%
	COLD	D	0.07%
	OMF	A	0.07%
	SAIC	F	0.07%
	MAT	D	0.07%
	NOV	C	0.07%
	SIRI	C	0.07%
	MSA	D	0.07%
	ESI	A	0.07%
	KD	B	0.07%
	PARA	C	0.07%
	MTG	C	0.07%
	IVZ	B	0.07%
	LSTR	D	0.07%
	COLB	A	0.07%
	FAF	A	0.07%
	STAG	F	0.07%
	HR	C	0.07%
	AZPN	A	0.07%
	DINO	D	0.07%
	AXS	A	0.07%
	VMI	B	0.07%
	ALK	C	0.07%
	FMC	D	0.07%
	BYD	C	0.06%
	UGI	A	0.06%
	AL	B	0.06%
	OZK	B	0.06%
	POST	C	0.06%
	SLM	A	0.06%
	CCCS	B	0.06%
	LEA	D	0.06%
	CRUS	D	0.06%
	BC	C	0.06%
	LITE	B	0.06%
	RITM	C	0.06%
	THO	B	0.06%
	NFG	A	0.06%
	OLLI	D	0.06%
	FOX	A	0.06%
	PVH	C	0.06%
	JHG	A	0.06%
	THG	A	0.06%
	AMG	B	0.06%
	LFUS	F	0.06%
	AGCO	D	0.06%
	FNB	A	0.06%
	GTES	A	0.05%
	DLB	B	0.05%
	AN	C	0.05%
	WLK	D	0.05%
	M	D	0.05%
	GAP	B	0.05%
	KMPR	B	0.05%
	EEFT	B	0.05%
	SLGN	A	0.05%
	RYN	D	0.05%
	PSN	D	0.05%
	KRC	C	0.05%
	CUZ	B	0.05%
	AGO	B	0.05%
	ST	F	0.05%
	AVT	C	0.05%
	ROIV	C	0.05%
	HXL	D	0.05%
	OLN	D	0.05%
	WTM	A	0.05%
	TKR	D	0.05%
	SON	D	0.05%
	SMG	D	0.04%
	HUN	F	0.04%
	ZG	A	0.04%
	EPR	D	0.04%
	HIW	D	0.04%
	ACHC	F	0.04%
	FHB	A	0.04%
	IAC	D	0.04%
	PII	D	0.04%
	NVST	B	0.04%
	W	F	0.04%
	NWS	A	0.04%
	TNL	A	0.04%
	NWL	B	0.04%
	VNOM	A	0.04%
	PRGO	B	0.04%
	XRAY	F	0.04%
	DNB	B	0.04%
	MDU	D	0.04%
	NEU	C	0.04%
	DXC	B	0.04%
	MSM	C	0.04%
	OGN	D	0.04%
	ASH	D	0.04%
	LINE	F	0.04%
	HOG	D	0.04%
	FLO	D	0.04%
	GFS	C	0.04%
	HAYW	B	0.03%
	JWN	C	0.03%
	CWEN	C	0.03%
	PINC	B	0.03%
	ALGM	D	0.03%
	CPRI	F	0.03%
	SPB	C	0.03%
	MP	B	0.03%
	ENOV	C	0.03%
	HHH	B	0.03%
	MPW	F	0.03%
	AGR	B	0.03%
	BOKF	B	0.03%
	COTY	F	0.03%
	CXT	B	0.03%
	COLM	B	0.03%
	VIRT	B	0.03%
	ECG	C	0.03%
	AMED	F	0.03%
	AMKR	D	0.03%
	MAN	D	0.03%
	NSA	D	0.03%
	PAG	B	0.03%
	PK	B	0.03%
	SNRE	D	0.03%
	LLYVK	A	0.03%
	AMTM	D	0.03%
	BHF	B	0.03%
	VAC	B	0.03%
	PENN	C	0.03%
	ZI	D	0.03%
	SNDR	B	0.02%
	REYN	D	0.02%
	LEG	F	0.02%
	UA	B	0.02%
	QS	F	0.02%
	CLVT	F	0.02%
	GO	C	0.02%
	BIRK	D	0.02%
	LEN	D	0.02%
	ALAB	B	0.02%
	VSTS	C	0.02%
	CNXC	F	0.02%
	CRI	D	0.02%
	UAA	C	0.02%
	RKT	F	0.02%
	LCID	F	0.02%
	LBTYK	A	0.02%
	INFA	D	0.02%
	KSS	F	0.02%
	IPGP	D	0.02%
	QDEL	F	0.02%
	LBTYA	A	0.02%
	SHC	F	0.02%
	AZTA	D	0.02%
	ADT	C	0.02%
	AAP	C	0.02%
	RCM	F	0.02%
	PLTK	B	0.01%
	SEB	F	0.01%
	TFSL	A	0.01%
	WOLF	F	0.01%
	CWEN	C	0.01%
	CNA	B	0.01%
	FWONA	B	0.01%
	AS	B	0.01%
	CERT	F	0.01%
	LLYVA	A	0.01%
	DDS	B	0.01%
	LOAR	A	0.0%
	PARAA	B	0.0%
	SEG	B	0.0%
	GRAL	C	0.0%
	LAZ	B	0.0%

IWS Underweight 203 Positions Relative to VONG

	Symbol	Grade	Weight
	AAPL	C	-11.94%
	NVDA	C	-11.3%
	MSFT	F	-10.99%
	AMZN	C	-6.3%
	META	D	-4.52%
	GOOGL	C	-3.66%
	GOOG	C	-3.09%
	AVGO	D	-2.81%
	TSLA	B	-2.52%
	LLY	F	-2.42%
	V	A	-1.66%
	MA	C	-1.5%
	COST	B	-1.41%
	NFLX	A	-1.18%
	HD	A	-1.13%
	ORCL	B	-0.96%
	MRK	F	-0.94%
	CRM	B	-0.84%
	ADBE	C	-0.77%
	NOW	A	-0.7%
	PEP	F	-0.66%
	ISRG	A	-0.65%
	QCOM	F	-0.62%
	INTU	C	-0.61%
	ABBV	D	-0.57%
	AMD	F	-0.56%
	BKNG	A	-0.54%
	UBER	D	-0.53%
	KO	D	-0.53%
	AMAT	F	-0.5%
	AMGN	D	-0.49%
	PGR	A	-0.44%
	BX	A	-0.43%
	ADP	B	-0.4%
	PANW	C	-0.4%
	ANET	C	-0.36%
	AMT	D	-0.36%
	LRCX	F	-0.35%
	KLAC	D	-0.33%
	PG	A	-0.32%
	SBUX	A	-0.31%
	WM	A	-0.31%
	PLTR	B	-0.3%
	TJX	A	-0.28%
	CMG	B	-0.28%
	SHW	A	-0.28%
	SNPS	B	-0.28%
	CDNS	B	-0.27%
	MCO	B	-0.26%
	ZTS	D	-0.25%
	CTAS	B	-0.25%
	UNP	C	-0.25%
	CRWD	B	-0.24%
	ADSK	A	-0.22%
	ORLY	B	-0.22%
	VRTX	F	-0.22%
	SPOT	B	-0.21%
	AXP	A	-0.21%
	NKE	D	-0.21%
	ABNB	C	-0.21%
	APO	B	-0.2%
	TTD	B	-0.19%
	ECL	D	-0.19%
	WDAY	B	-0.18%
	APH	A	-0.17%
	AZO	C	-0.17%
	DASH	A	-0.17%
	NU	C	-0.17%
	VST	B	-0.16%
	GS	A	-0.16%
	APP	B	-0.16%
	GE	D	-0.15%
	FTNT	C	-0.15%
	CPRT	A	-0.15%
	CL	D	-0.15%
	LMT	D	-0.14%
	DDOG	A	-0.14%
	IT	C	-0.14%
	COR	B	-0.14%
	SYK	C	-0.14%
	VRT	B	-0.14%
	VRSK	A	-0.14%
	ODFL	B	-0.14%
	MSI	B	-0.13%
	UNH	C	-0.13%
	MPWR	F	-0.13%
	LULU	C	-0.13%
	FI	A	-0.13%
	SNOW	C	-0.13%
	TRGP	B	-0.13%
	IDXX	F	-0.12%
	ITW	B	-0.11%
	TEAM	A	-0.11%
	CPNG	D	-0.11%
	MNST	C	-0.11%
	AXON	A	-0.11%
	ARES	A	-0.11%
	VEEV	C	-0.11%
	NET	B	-0.1%
	RBLX	C	-0.1%
	KKR	A	-0.1%
	HUBS	A	-0.1%
	MCK	B	-0.1%
	DXCM	D	-0.1%
	TT	A	-0.1%
	TSCO	D	-0.1%
	GDDY	A	-0.09%
	DECK	A	-0.09%
	CAT	B	-0.09%
	HON	B	-0.08%
	LPLA	A	-0.08%
	TPL	A	-0.08%
	TXN	C	-0.08%
	CPAY	A	-0.08%
	BAH	F	-0.08%
	LVS	C	-0.07%
	LYV	A	-0.07%
	KMB	D	-0.07%
	MDB	C	-0.07%
	PINS	D	-0.07%
	LII	A	-0.07%
	CLX	B	-0.07%
	EXPE	B	-0.07%
	HEI	B	-0.06%
	BURL	A	-0.06%
	ENTG	D	-0.06%
	DT	C	-0.06%
	DKNG	B	-0.06%
	MANH	D	-0.06%
	PODD	C	-0.06%
	ZS	C	-0.06%
	HCA	F	-0.06%
	BA	F	-0.06%
	TXRH	C	-0.05%
	CEG	D	-0.05%
	ROL	B	-0.05%
	MMM	D	-0.05%
	TOST	B	-0.05%
	MCD	D	-0.05%
	POOL	C	-0.05%
	NTRA	B	-0.05%
	FIX	A	-0.05%
	DOCU	A	-0.05%
	TDG	D	-0.05%
	SMCI	F	-0.05%
	MMC	B	-0.05%
	EQH	B	-0.05%
	XPO	B	-0.05%
	ELV	F	-0.05%
	CHDN	B	-0.04%
	SCHW	B	-0.04%
	DUOL	A	-0.04%
	HEI	B	-0.04%
	NCLH	B	-0.04%
	ENPH	F	-0.04%
	OWL	A	-0.04%
	SRPT	D	-0.04%
	NBIX	C	-0.04%
	PCOR	B	-0.03%
	DVA	B	-0.03%
	REGN	F	-0.03%
	SMAR	A	-0.03%
	VKTX	F	-0.03%
	EW	C	-0.03%
	TREX	C	-0.03%
	AAON	B	-0.03%
	PSA	D	-0.03%
	MS	A	-0.03%
	MEDP	D	-0.03%
	CI	F	-0.03%
	TPX	B	-0.03%
	PCTY	B	-0.03%
	PEN	B	-0.03%
	WING	D	-0.03%
	LNW	D	-0.03%
	ITCI	C	-0.03%
	MORN	B	-0.03%
	MUSA	A	-0.03%
	KNSL	B	-0.03%
	SCCO	F	-0.03%
	RARE	D	-0.02%
	EQIX	A	-0.02%
	APPF	B	-0.02%
	VVV	F	-0.02%
	CELH	F	-0.02%
	DELL	C	-0.02%
	MRVL	B	-0.02%
	FOUR	B	-0.02%
	ELF	C	-0.02%
	WFRD	D	-0.02%
	INSP	D	-0.02%
	EL	F	-0.02%
	GTLB	B	-0.02%
	CFLT	B	-0.02%
	ESTC	C	-0.02%
	RYAN	B	-0.02%
	BSY	D	-0.02%
	FIVN	C	-0.01%
	APLS	D	-0.01%
	RNG	B	-0.01%
	TDC	D	-0.01%
	PEGA	A	-0.01%
	XP	F	-0.0%

IWS: Top Represented Industries & Keywords

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

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

VONG: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Biotechnology Business Services Specialty Retail Capital Markets Restaurants Building Materials Asset Management Diagnostics & Research Semiconductor Equipment & Materials Semiconductors Aerospace & Defense Diversified Industrials Internet Content & Information Leisure Credit Services Household & Personal Products Medical Devices Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Computing Cloud Computing IBD 50 Dow Jones Component Medicine Software Insurance Software As A Service Work From Home Cloud Infrastructure Electronics Mobile Devices Semiconductor Natural Gas Operating System Telecommunications Integrated Circuits Payment Systems