PBUS vs. VONG ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to Vanguard Russell 1000 Growth ETF (VONG)

PBUS

Invesco PureBeta MSCI USA ETF

PBUS Description

The investment seeks to track the investment results (before fees and expenses) of the MSCI USA Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The index is designed to measure the performance of the large- and mid-capitalization segments of the U.S. equity market.

Grade (RS Rating)

Last Trade

$60.13

Average Daily Volume

176,271

Number of Holdings ^*

584

* 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

$101.55

Average Daily Volume

702,544

Number of Holdings ^*

386

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	VONG
30 Days	3.76%	2.98%
60 Days	4.92%	5.07%
90 Days	7.42%	7.86%
12 Months	33.79%	36.60%

244 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in VONG	Overlap
	AAPL	B	6.43%	11.94%	6.43%
	ABBV	D	0.57%	0.57%	0.57%
	ABNB	C	0.12%	0.21%	0.12%
	ADBE	C	0.43%	0.77%	0.43%
	ADP	B	0.24%	0.4%	0.24%
	ADSK	B	0.13%	0.22%	0.13%
	AJG	A	0.12%	0.02%	0.02%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	B	0.1%	0.03%	0.03%
	ALLY	C	0.02%	0.0%	0.0%
	ALNY	D	0.06%	0.11%	0.06%
	AMAT	F	0.27%	0.5%	0.27%
	AMD	F	0.43%	0.56%	0.43%
	AMGN	D	0.3%	0.49%	0.3%
	AMP	B	0.11%	0.17%	0.11%
	AMT	D	0.18%	0.36%	0.18%
	AMZN	C	3.66%	6.3%	3.66%
	ANET	C	0.2%	0.36%	0.2%
	APH	B	0.16%	0.17%	0.16%
	APO	A	0.13%	0.2%	0.13%
	APP	B	0.13%	0.16%	0.13%
	ARES	B	0.06%	0.11%	0.06%
	AVGO	D	1.39%	2.81%	1.39%
	AVY	D	0.03%	0.02%	0.02%
	AXON	B	0.08%	0.11%	0.08%
	AXP	A	0.32%	0.21%	0.21%
	AZO	C	0.1%	0.17%	0.1%
	BA	D	0.2%	0.06%	0.06%
	BAH	F	0.04%	0.08%	0.04%
	BKNG	B	0.33%	0.54%	0.33%
	BLDR	C	0.04%	0.01%	0.01%
	BR	A	0.05%	0.08%	0.05%
	BRO	B	0.05%	0.04%	0.04%
	BSY	D	0.01%	0.02%	0.01%
	BURL	B	0.03%	0.06%	0.03%
	BX	B	0.25%	0.43%	0.25%
	CAH	B	0.06%	0.06%	0.06%
	CAT	B	0.36%	0.09%	0.09%
	CDNS	B	0.16%	0.27%	0.16%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.02%	0.01%	0.01%
	CEG	D	0.14%	0.05%	0.05%
	CELH	F	0.01%	0.02%	0.01%
	CI	D	0.18%	0.03%	0.03%
	CL	D	0.14%	0.15%	0.14%
	CLX	C	0.04%	0.07%	0.04%
	CMG	B	0.16%	0.28%	0.16%
	COIN	B	0.12%	0.11%	0.11%
	COR	C	0.08%	0.14%	0.08%
	COST	B	0.79%	1.41%	0.79%
	CPAY	A	0.05%	0.08%	0.05%
	CPRT	A	0.09%	0.15%	0.09%
	CRM	B	0.61%	0.84%	0.61%
	CRWD	B	0.16%	0.24%	0.16%
	CSL	B	0.04%	0.01%	0.01%
	CTAS	B	0.15%	0.25%	0.15%
	DASH	A	0.1%	0.17%	0.1%
	DAY	A	0.02%	0.0%	0.0%
	DDOG	A	0.07%	0.14%	0.07%
	DECK	A	0.05%	0.09%	0.05%
	DELL	C	0.07%	0.02%	0.02%
	DKNG	C	0.04%	0.06%	0.04%
	DKS	C	0.02%	0.0%	0.0%
	DOCU	A	0.03%	0.05%	0.03%
	DPZ	C	0.03%	0.02%	0.02%
	DRI	B	0.04%	0.04%	0.04%
	DT	C	0.03%	0.06%	0.03%
	DVA	B	0.02%	0.03%	0.02%
	DXCM	C	0.06%	0.1%	0.06%
	ECL	D	0.12%	0.19%	0.12%
	EFX	D	0.06%	0.02%	0.02%
	EG	C	0.03%	0.01%	0.01%
	EL	F	0.03%	0.02%	0.02%
	ELV	F	0.18%	0.05%	0.05%
	EME	B	0.05%	0.03%	0.03%
	ENPH	F	0.02%	0.04%	0.02%
	ENTG	D	0.03%	0.06%	0.03%
	EPAM	C	0.03%	0.0%	0.0%
	EQH	B	0.03%	0.05%	0.03%
	EQIX	A	0.17%	0.02%	0.02%
	EQT	B	0.05%	0.0%	0.0%
	EW	C	0.08%	0.03%	0.03%
	EXAS	F	0.02%	0.02%	0.02%
	EXPD	C	0.03%	0.01%	0.01%
	EXPE	B	0.04%	0.07%	0.04%
	FAST	B	0.09%	0.14%	0.09%
	FDS	B	0.03%	0.02%	0.02%
	FI	A	0.25%	0.13%	0.13%
	FICO	B	0.11%	0.15%	0.11%
	FTNT	C	0.12%	0.15%	0.12%
	GDDY	B	0.05%	0.09%	0.05%
	GE	D	0.37%	0.15%	0.15%
	GEHC	F	0.07%	0.01%	0.01%
	GOOG	C	1.73%	3.09%	1.73%
	GOOGL	C	1.99%	3.66%	1.99%
	GS	B	0.36%	0.16%	0.16%
	GWW	A	0.1%	0.15%	0.1%
	H	A	0.01%	0.0%	0.0%
	HCA	F	0.13%	0.06%	0.06%
	HD	A	0.76%	1.13%	0.76%
	HEI	B	0.03%	0.06%	0.03%
	HEI	B	0.02%	0.06%	0.02%
	HEI	B	0.02%	0.04%	0.02%
	HEI	B	0.03%	0.04%	0.03%
	HES	C	0.08%	0.09%	0.08%
	HLT	A	0.12%	0.11%	0.11%
	HON	B	0.28%	0.08%	0.08%
	HPQ	B	0.07%	0.03%	0.03%
	HSY	F	0.05%	0.01%	0.01%
	HUBS	B	0.06%	0.1%	0.06%
	HWM	B	0.09%	0.01%	0.01%
	IDXX	F	0.07%	0.12%	0.07%
	INCY	C	0.02%	0.0%	0.0%
	INTU	C	0.35%	0.61%	0.35%
	IQV	F	0.07%	0.02%	0.02%
	IRM	C	0.06%	0.07%	0.06%
	ISRG	C	0.37%	0.65%	0.37%
	IT	C	0.08%	0.14%	0.08%
	ITW	A	0.15%	0.11%	0.11%
	JBL	C	0.03%	0.0%	0.0%
	KKR	B	0.18%	0.1%	0.1%
	KLAC	F	0.16%	0.33%	0.16%
	KMB	C	0.09%	0.07%	0.07%
	KMX	B	0.02%	0.0%	0.0%
	KO	D	0.5%	0.53%	0.5%
	LII	A	0.04%	0.07%	0.04%
	LLY	F	1.17%	2.42%	1.17%
	LMT	D	0.22%	0.14%	0.14%
	LNG	B	0.1%	0.08%	0.08%
	LPLA	B	0.05%	0.08%	0.05%
	LRCX	F	0.18%	0.35%	0.18%
	LULU	C	0.07%	0.13%	0.07%
	LVS	C	0.04%	0.07%	0.04%
	LW	C	0.02%	0.01%	0.01%
	LYV	A	0.04%	0.07%	0.04%
	MA	B	0.82%	1.5%	0.82%
	MANH	C	0.03%	0.06%	0.03%
	MCD	D	0.4%	0.05%	0.05%
	MCK	C	0.16%	0.1%	0.1%
	MCO	A	0.15%	0.26%	0.15%
	MDB	C	0.04%	0.07%	0.04%
	META	D	2.39%	4.52%	2.39%
	MKL	A	0.04%	0.02%	0.02%
	MLM	B	0.07%	0.01%	0.01%
	MMC	A	0.21%	0.05%	0.05%
	MMM	D	0.14%	0.05%	0.05%
	MNST	B	0.08%	0.11%	0.08%
	MOH	F	0.03%	0.04%	0.03%
	MPWR	F	0.05%	0.13%	0.05%
	MRK	F	0.48%	0.94%	0.48%
	MRVL	B	0.15%	0.02%	0.02%
	MS	B	0.31%	0.03%	0.03%
	MSCI	C	0.09%	0.09%	0.09%
	MSFT	D	5.65%	10.99%	5.65%
	MSI	C	0.16%	0.13%	0.13%
	MSTR	C	0.14%	0.01%	0.01%
	NBIX	C	0.02%	0.04%	0.02%
	NET	B	0.06%	0.1%	0.06%
	NFLX	B	0.73%	1.18%	0.73%
	NKE	F	0.17%	0.21%	0.17%
	NOW	B	0.4%	0.7%	0.4%
	NRG	C	0.04%	0.03%	0.03%
	NTAP	C	0.05%	0.04%	0.04%
	NVDA	C	6.92%	11.3%	6.92%
	ODFL	B	0.08%	0.14%	0.08%
	OKTA	C	0.02%	0.02%	0.02%
	ORCL	C	0.61%	0.96%	0.61%
	ORLY	B	0.14%	0.22%	0.14%
	PANW	C	0.24%	0.4%	0.24%
	PAYC	A	0.02%	0.02%	0.02%
	PAYX	B	0.09%	0.06%	0.06%
	PEP	F	0.42%	0.66%	0.42%
	PG	A	0.78%	0.32%	0.32%
	PGR	A	0.29%	0.44%	0.29%
	PINS	F	0.03%	0.07%	0.03%
	PLTR	B	0.24%	0.3%	0.24%
	PODD	B	0.04%	0.06%	0.04%
	POOL	C	0.03%	0.05%	0.03%
	PSA	C	0.1%	0.03%	0.03%
	PSTG	D	0.03%	0.05%	0.03%
	PTC	A	0.04%	0.05%	0.04%
	PWR	A	0.09%	0.05%	0.05%
	QCOM	F	0.33%	0.62%	0.33%
	RBLX	C	0.05%	0.1%	0.05%
	RCL	B	0.11%	0.06%	0.06%
	REGN	F	0.15%	0.03%	0.03%
	RMD	C	0.07%	0.03%	0.03%
	ROK	B	0.06%	0.01%	0.01%
	ROKU	D	0.02%	0.0%	0.0%
	ROL	B	0.03%	0.05%	0.03%
	ROST	C	0.09%	0.04%	0.04%
	RPM	A	0.03%	0.01%	0.01%
	SBUX	B	0.21%	0.31%	0.21%
	SCHW	A	0.23%	0.04%	0.04%
	SHW	A	0.17%	0.28%	0.17%
	SMCI	D	0.03%	0.05%	0.03%
	SNOW	C	0.08%	0.13%	0.08%
	SNPS	B	0.16%	0.28%	0.16%
	SPG	C	0.11%	0.05%	0.05%
	SQ	B	0.1%	0.06%	0.06%
	SYK	C	0.26%	0.14%	0.14%
	SYY	C	0.07%	0.08%	0.07%
	TDG	D	0.14%	0.05%	0.05%
	TEAM	B	0.08%	0.11%	0.08%
	TER	F	0.03%	0.05%	0.03%
	TJX	A	0.26%	0.28%	0.26%
	TOST	B	0.03%	0.05%	0.03%
	TPL	B	0.06%	0.08%	0.06%
	TRGP	B	0.08%	0.13%	0.08%
	TRU	D	0.04%	0.0%	0.0%
	TSCO	C	0.06%	0.1%	0.06%
	TSLA	B	1.89%	2.52%	1.89%
	TT	B	0.18%	0.1%	0.1%
	TTD	B	0.11%	0.19%	0.11%
	TW	B	0.03%	0.02%	0.02%
	TWLO	B	0.03%	0.01%	0.01%
	TXN	D	0.35%	0.08%	0.08%
	TYL	A	0.05%	0.08%	0.05%
	UBER	D	0.25%	0.53%	0.25%
	UHAL	D	0.01%	0.0%	0.0%
	UHAL	D	0.01%	0.01%	0.01%
	ULTA	F	0.03%	0.06%	0.03%
	UNH	B	1.07%	0.13%	0.13%
	UNP	C	0.27%	0.25%	0.25%
	URI	B	0.11%	0.05%	0.05%
	V	A	0.93%	1.66%	0.93%
	VEEV	B	0.06%	0.11%	0.06%
	VLTO	C	0.05%	0.04%	0.04%
	VMC	B	0.07%	0.03%	0.03%
	VRSK	A	0.08%	0.14%	0.08%
	VRSN	F	0.03%	0.0%	0.0%
	VRT	B	0.09%	0.14%	0.09%
	VRTX	D	0.22%	0.22%	0.22%
	VST	B	0.1%	0.16%	0.1%
	WAT	B	0.04%	0.04%	0.04%
	WDAY	C	0.11%	0.18%	0.11%
	WM	A	0.17%	0.31%	0.17%
	WSM	B	0.04%	0.04%	0.04%
	WST	C	0.04%	0.05%	0.04%
	WYNN	D	0.02%	0.0%	0.0%
	YUM	B	0.07%	0.05%	0.05%
	ZBRA	A	0.04%	0.02%	0.02%
	ZS	C	0.04%	0.06%	0.04%
	ZTS	D	0.15%	0.25%	0.15%

PBUS Overweight 343 Positions Relative to VONG

	Symbol	Grade	Weight
	JPM	B	1.33%
	BRK.A	B	1.2%
	XOM	C	1.04%
	WMT	B	0.74%
	JNJ	D	0.71%
	BAC	A	0.62%
	CVX	B	0.54%
	WFC	A	0.49%
	CSCO	A	0.45%
	ACN	B	0.43%
	LIN	D	0.42%
	DIS	B	0.4%
	ABT	B	0.39%
	PM	B	0.39%
	TMO	F	0.38%
	IBM	C	0.38%
	VZ	B	0.34%
	T	A	0.32%
	CMCSA	C	0.32%
	RTX	D	0.31%
	SPGI	C	0.31%
	DHR	D	0.3%
	NEE	D	0.3%
	LOW	C	0.29%
	BLK	C	0.29%
	ETN	A	0.28%
	PFE	D	0.27%
	BSX	C	0.26%
	C	A	0.25%
	COP	D	0.25%
	TMUS	A	0.24%
	BMY	B	0.23%
	MDT	D	0.21%
	CB	D	0.21%
	MU	D	0.21%
	GILD	B	0.21%
	INTC	C	0.2%
	ADI	D	0.2%
	DE	B	0.2%
	PLD	D	0.2%
	SO	D	0.19%
	UPS	C	0.19%
	GEV	C	0.18%
	MO	A	0.18%
	MDLZ	F	0.17%
	MELI	C	0.17%
	DUK	C	0.17%
	ICE	D	0.17%
	PH	A	0.17%
	PNC	A	0.16%
	CME	A	0.16%
	WELL	C	0.16%
	PYPL	A	0.16%
	EOG	C	0.15%
	USB	A	0.15%
	CVS	D	0.14%
	WMB	B	0.14%
	APD	A	0.14%
	EMR	A	0.14%
	AON	A	0.14%
	GD	F	0.13%
	OKE	C	0.13%
	FDX	B	0.13%
	CSX	B	0.13%
	MAR	A	0.13%
	COF	B	0.13%
	NOC	D	0.13%
	DLR	A	0.12%
	CARR	C	0.12%
	TFC	B	0.12%
	SLB	C	0.12%
	GM	B	0.12%
	FCX	F	0.12%
	BDX	F	0.12%
	PSX	C	0.11%
	KMI	B	0.11%
	JCI	C	0.11%
	NXPI	D	0.11%
	MPC	F	0.11%
	TGT	F	0.11%
	BK	A	0.11%
	PCAR	B	0.11%
	NSC	A	0.11%
	SRE	A	0.11%
	ROP	B	0.11%
	TRV	B	0.11%
	AFL	B	0.11%
	CMI	A	0.1%
	NEM	F	0.1%
	AIG	B	0.1%
	O	D	0.1%
	MET	A	0.1%
	AEP	D	0.1%
	PRU	A	0.09%
	BKR	C	0.09%
	AME	A	0.09%
	PEG	A	0.09%
	CCI	D	0.09%
	KVUE	A	0.09%
	VLO	C	0.09%
	LHX	C	0.09%
	RSG	A	0.09%
	FLUT	A	0.09%
	FIS	D	0.09%
	WCN	A	0.09%
	DHI	D	0.09%
	D	C	0.09%
	EXC	D	0.08%
	KR	A	0.08%
	STZ	D	0.08%
	OTIS	C	0.08%
	LEN	C	0.08%
	CBRE	B	0.08%
	CTVA	B	0.08%
	IR	A	0.08%
	EA	C	0.08%
	F	C	0.08%
	PCG	B	0.08%
	DFS	B	0.08%
	OXY	F	0.07%
	FANG	F	0.07%
	DD	D	0.07%
	WAB	B	0.07%
	NDAQ	A	0.07%
	KDP	D	0.07%
	EXR	C	0.07%
	HIG	B	0.07%
	MCHP	F	0.07%
	HUM	C	0.07%
	GIS	D	0.07%
	NUE	D	0.07%
	MTB	B	0.07%
	ACGL	D	0.07%
	CHTR	C	0.07%
	A	D	0.07%
	CTSH	B	0.07%
	GLW	B	0.07%
	XEL	A	0.07%
	PPG	D	0.06%
	STT	A	0.06%
	KEYS	B	0.06%
	ON	C	0.06%
	ANSS	B	0.06%
	SW	B	0.06%
	GPN	C	0.06%
	XYL	D	0.06%
	EBAY	C	0.06%
	DOW	F	0.06%
	TTWO	B	0.06%
	GRMN	A	0.06%
	CSGP	C	0.06%
	WEC	A	0.06%
	FITB	B	0.06%
	CNC	F	0.06%
	WTW	B	0.06%
	ETR	B	0.06%
	AVB	B	0.06%
	RJF	A	0.06%
	EIX	A	0.06%
	VICI	C	0.06%
	ED	D	0.06%
	SBAC	D	0.05%
	CINF	A	0.05%
	RF	B	0.05%
	DVN	F	0.05%
	AEE	A	0.05%
	HUBB	B	0.05%
	DTE	C	0.05%
	CCL	B	0.05%
	PPL	B	0.05%
	HBAN	B	0.05%
	EQR	B	0.05%
	SYF	A	0.05%
	VTR	D	0.05%
	TROW	A	0.05%
	MTD	F	0.05%
	ADM	F	0.05%
	FTV	B	0.05%
	AWK	D	0.05%
	PHM	C	0.05%
	CHD	B	0.05%
	DOV	A	0.05%
	HPE	B	0.05%
	NVR	D	0.05%
	HAL	C	0.05%
	KHC	D	0.05%
	MAA	B	0.04%
	HOLX	D	0.04%
	RS	B	0.04%
	WSO	A	0.04%
	FSLR	F	0.04%
	BALL	D	0.04%
	WRB	A	0.04%
	HOOD	B	0.04%
	IP	B	0.04%
	MKC	D	0.04%
	ESS	B	0.04%
	STX	D	0.04%
	OMC	C	0.04%
	LH	B	0.04%
	SNA	A	0.04%
	ZM	B	0.04%
	PFG	C	0.04%
	CNP	A	0.04%
	CTRA	B	0.04%
	INVH	D	0.04%
	CMS	C	0.04%
	WDC	C	0.04%
	LDOS	D	0.04%
	STE	F	0.04%
	CFG	B	0.04%
	ILMN	C	0.04%
	LYB	F	0.04%
	STLD	B	0.04%
	ES	D	0.04%
	ATO	A	0.04%
	CBOE	B	0.04%
	TDY	B	0.04%
	NTRS	A	0.04%
	FCNCA	B	0.04%
	K	A	0.04%
	PKG	B	0.04%
	WY	D	0.04%
	ZBH	C	0.04%
	BIIB	F	0.04%
	IFF	D	0.04%
	FE	D	0.04%
	WBD	C	0.04%
	DLTR	D	0.03%
	REG	B	0.03%
	AKAM	F	0.03%
	SWKS	F	0.03%
	GLPI	B	0.03%
	AVTR	F	0.03%
	UDR	B	0.03%
	RVTY	D	0.03%
	NDSN	B	0.03%
	APTV	F	0.03%
	FFIV	A	0.03%
	JBHT	C	0.03%
	EVRG	A	0.03%
	ACM	A	0.03%
	AMCR	D	0.03%
	GGG	B	0.03%
	DOC	C	0.03%
	UTHR	C	0.03%
	FNF	B	0.03%
	VTRS	B	0.03%
	TXT	D	0.03%
	LNT	A	0.03%
	SUI	D	0.03%
	L	B	0.03%
	DG	F	0.03%
	SSNC	A	0.03%
	ARE	D	0.03%
	MRO	B	0.03%
	CF	B	0.03%
	OC	B	0.03%
	GEN	A	0.03%
	BAX	F	0.03%
	NI	A	0.03%
	IEX	B	0.03%
	GPC	D	0.03%
	MAS	C	0.03%
	KIM	A	0.03%
	J	F	0.03%
	TRMB	B	0.03%
	PNR	B	0.03%
	DGX	B	0.03%
	KEY	A	0.03%
	BBY	D	0.03%
	TSN	B	0.03%
	MOS	F	0.02%
	CHRD	F	0.02%
	APA	F	0.02%
	CPB	D	0.02%
	CRBG	B	0.02%
	TTC	D	0.02%
	AOS	D	0.02%
	TFX	F	0.02%
	SEIC	A	0.02%
	MGM	F	0.02%
	HRL	D	0.02%
	KNX	B	0.02%
	CRL	C	0.02%
	AES	F	0.02%
	FBIN	D	0.02%
	HSIC	B	0.02%
	MKTX	D	0.02%
	SOLV	C	0.02%
	RPRX	D	0.02%
	CNH	A	0.02%
	AFG	A	0.02%
	WTRG	B	0.02%
	LKQ	D	0.02%
	DAL	B	0.02%
	CTLT	B	0.02%
	TECH	C	0.02%
	FOXA	C	0.02%
	IOT	B	0.02%
	CCK	D	0.02%
	IPG	C	0.02%
	AIZ	B	0.02%
	NWSA	B	0.02%
	SNAP	C	0.02%
	ERIE	D	0.02%
	TAP	C	0.02%
	JNPR	F	0.02%
	BMRN	F	0.02%
	BXP	D	0.02%
	SJM	D	0.02%
	EMN	D	0.02%
	Z	B	0.02%
	UHS	D	0.02%
	CG	B	0.02%
	MRNA	F	0.02%
	AMH	C	0.02%
	HST	C	0.02%
	WPC	D	0.02%
	ELS	C	0.02%
	OVV	C	0.02%
	JKHY	D	0.02%
	CHRW	C	0.02%
	ALLE	D	0.02%
	BG	F	0.02%
	CPT	B	0.02%
	ALB	C	0.02%
	CAG	D	0.02%
	SWK	D	0.02%
	LUV	B	0.01%
	WLK	D	0.01%
	WBA	D	0.01%
	FOX	B	0.01%
	PARA	C	0.01%
	BEN	C	0.01%
	QRVO	F	0.01%
	BBWI	C	0.01%
	DINO	F	0.01%
	BIO	D	0.01%
	ACI	C	0.01%
	RIVN	D	0.01%
	HII	F	0.01%
	MTCH	F	0.01%

PBUS Underweight 144 Positions Relative to VONG

	Symbol	Grade	Weight
	SPOT	B	-0.21%
	NU	D	-0.17%
	CPNG	D	-0.11%
	TXRH	A	-0.05%
	NTRA	B	-0.05%
	FIX	A	-0.05%
	XPO	B	-0.05%
	CHDN	B	-0.04%
	DUOL	B	-0.04%
	NCLH	B	-0.04%
	OWL	B	-0.04%
	SRPT	F	-0.04%
	PCOR	B	-0.03%
	GWRE	B	-0.03%
	EXP	B	-0.03%
	SMAR	A	-0.03%
	SAIA	C	-0.03%
	VKTX	F	-0.03%
	TREX	C	-0.03%
	AAON	B	-0.03%
	EXEL	A	-0.03%
	HAS	D	-0.03%
	MEDP	F	-0.03%
	TPX	A	-0.03%
	PCTY	B	-0.03%
	PEN	C	-0.03%
	WING	F	-0.03%
	LNW	D	-0.03%
	ITCI	C	-0.03%
	MORN	A	-0.03%
	MUSA	B	-0.03%
	CVNA	B	-0.03%
	KNSL	B	-0.03%
	SCCO	F	-0.03%
	OLED	F	-0.02%
	NTNX	B	-0.02%
	AZEK	B	-0.02%
	LPX	B	-0.02%
	RARE	F	-0.02%
	APPF	B	-0.02%
	PATH	C	-0.02%
	GNRC	B	-0.02%
	VVV	F	-0.02%
	MTN	C	-0.02%
	FOUR	B	-0.02%
	CNM	D	-0.02%
	IONS	F	-0.02%
	ELF	C	-0.02%
	WFRD	F	-0.02%
	INSP	D	-0.02%
	LSCC	D	-0.02%
	GTLB	C	-0.02%
	CFLT	B	-0.02%
	ESTC	C	-0.02%
	GLOB	B	-0.02%
	RYAN	A	-0.02%
	DV	C	-0.01%
	TPG	B	-0.01%
	BROS	B	-0.01%
	BILL	A	-0.01%
	HRB	D	-0.01%
	WEN	D	-0.01%
	PFGC	A	-0.01%
	WSC	D	-0.01%
	SOFI	B	-0.01%
	AM	B	-0.01%
	DBX	C	-0.01%
	PR	C	-0.01%
	NCNO	B	-0.01%
	CLF	F	-0.01%
	FRPT	B	-0.01%
	AWI	B	-0.01%
	CACC	D	-0.01%
	NXST	C	-0.01%
	FIVN	C	-0.01%
	LBRDK	C	-0.01%
	BWXT	B	-0.01%
	SITE	C	-0.01%
	ONTO	F	-0.01%
	CASY	B	-0.01%
	U	C	-0.01%
	TTEK	F	-0.01%
	APLS	D	-0.01%
	LAMR	C	-0.01%
	RNG	B	-0.01%
	LECO	C	-0.01%
	TDC	D	-0.01%
	JEF	A	-0.01%
	MASI	A	-0.01%
	LYFT	C	-0.01%
	CHH	A	-0.01%
	PEGA	A	-0.01%
	PLNT	B	-0.01%
	HCP	B	-0.01%
	ETSY	D	-0.01%
	BRKR	F	-0.01%
	FND	C	-0.01%
	JLL	B	-0.01%
	WMS	F	-0.01%
	FIVE	D	-0.01%
	TRIP	F	-0.0%
	PYCR	C	-0.0%
	FTRE	C	-0.0%
	PPC	C	-0.0%
	CC	C	-0.0%
	SEE	C	-0.0%
	NFE	D	-0.0%
	IRDM	C	-0.0%
	LBRDA	C	-0.0%
	MSGS	B	-0.0%
	CGNX	C	-0.0%
	DOCS	C	-0.0%
	MKSI	C	-0.0%
	RLI	A	-0.0%
	UWMC	F	-0.0%
	MTDR	C	-0.0%
	SPR	D	-0.0%
	UI	A	-0.0%
	SAM	C	-0.0%
	CAR	C	-0.0%
	WH	A	-0.0%
	AAL	B	-0.0%
	WU	D	-0.0%
	WEX	F	-0.0%
	BPOP	B	-0.0%
	SKX	D	-0.0%
	SSD	C	-0.0%
	XP	F	-0.0%
	KBR	F	-0.0%
	CHE	D	-0.0%
	HLI	A	-0.0%
	BLD	C	-0.0%
	YETI	C	-0.0%
	RH	B	-0.0%
	RGEN	D	-0.0%
	TXG	F	-0.0%
	S	B	-0.0%
	CROX	F	-0.0%
	BFAM	F	-0.0%
	SN	D	-0.0%
	TKO	B	-0.0%
	DJT	C	-0.0%
	LOPE	B	-0.0%
	CIVI	D	-0.0%

PBUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Semiconductors Oil & Gas E&P Software - Infrastructure Capital Markets Specialty Retail Aerospace & Defense Banks - Regional - US Biotechnology REIT - Residential Specialty Chemicals Drug Manufacturers - Major Insurance - Property & Casualty Packaged Foods Internet Content & Information

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Chemical Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Cloud Computing Banking Insurance Products Mining IBD 50

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