SQEW vs. VCIT ETF Comparison

Comparison of LeaderShares Equity Skew ETF (SQEW) to Vanguard Intermediate-Term Corporate Bond ETF (VCIT)

SQEW

LeaderShares Equity Skew ETF

SQEW Description

The investment seeks to generate long-term capital growth. The fund is an actively managed exchange traded fund (ETF) that normally invests at least 80% of its net assets, including any borrowings for investment purposes, in equity securities. It employs a contrarian strategy seeking to buy underperforming asset classes and/or factors and sell outperforming asset classes and/or factors based on quantitative research. The fund may have a higher degree of portfolio turnover than funds that seek to replicate the performance of an index.

Grade (RS Rating)

Last Trade

$32.91

Average Daily Volume

8,955

Number of Holdings ^*

153

* may have additional holdings in another (foreign) market

VCIT

Vanguard Intermediate-Term Corporate Bond ETF

VCIT Description

The investment seeks to track the performance of a market-weighted corporate bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 5 and 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$80.48

Average Daily Volume

6,780,689

Number of Holdings ^*

492

* may have additional holdings in another (foreign) market

Performance

Period	SQEW	VCIT
30 Days	0.01%	1.28%
60 Days	7.08%	3.64%
90 Days	2.02%	1.58%
12 Months	9.05%	6.40%

98 Overlapping Holdings

Symbol	Grade	Weight in SQEW	Weight in VCIT	Overlap
AAPL	B	3.88%	0.01%	0.01%
ABBV	B	0.14%	0.13%	0.13%
ADBE	C	0.27%	0.05%	0.05%
ADI	B	0.08%	0.04%	0.04%
ADP	C	0.05%	0.04%	0.04%
ADSK	B	0.03%	0.03%	0.03%
AMAT	A	0.25%	0.04%	0.04%
AMT	C	0.05%	0.03%	0.03%
AMZN	C	2.09%	0.09%	0.09%
APH	A	0.06%	0.02%	0.02%
AVGO	B	0.94%	0.01%	0.01%
AXP	C	0.11%	0.11%	0.11%
AZO	C	0.04%	0.03%	0.03%
BA	D	0.06%	0.03%	0.03%
BKNG	A	0.18%	0.03%	0.03%
BSX	B	0.08%	0.01%	0.01%
CARR	A	0.03%	0.04%	0.03%
CAT	D	0.12%	0.02%	0.02%
CE	D	0.02%	0.02%	0.02%
CME	D	0.03%	0.03%	0.03%
COP	D	0.11%	0.01%	0.01%
COST	A	0.2%	0.07%	0.07%
CRM	F	0.28%	0.07%	0.07%
CSX	D	0.04%	0.02%	0.02%
CTAS	A	0.04%	0.05%	0.04%
DE	D	0.07%	0.01%	0.01%
DFS	B	0.02%	0.01%	0.01%
DHI	D	0.05%	0.02%	0.02%
DLR	A	0.02%	0.03%	0.02%
ECL	A	0.04%	0.01%	0.01%
EOG	D	0.06%	0.05%	0.05%
EQIX	C	0.04%	0.02%	0.02%
EW	C	0.02%	0.03%	0.02%
EXPE	C	0.02%	0.05%	0.02%
FANG	D	0.04%	0.04%	0.04%
FTNT	F	0.05%	0.02%	0.02%
GE	C	0.09%	0.04%	0.04%
GOOGL	B	2.39%	0.04%	0.04%
HCA	A	0.04%	0.05%	0.04%
HD	B	0.16%	0.03%	0.03%
HES	D	0.05%	0.02%	0.02%
INTU	C	0.21%	0.02%	0.02%
ITW	D	0.04%	0.04%	0.04%
KLAC	A	0.14%	0.04%	0.04%
KO	B	0.12%	0.01%	0.01%
LEN	D	0.03%	0.01%	0.01%
LLY	A	0.87%	0.03%	0.03%
LRCX	A	0.17%	0.04%	0.04%
MA	C	0.33%	0.03%	0.03%
MAR	C	0.07%	0.01%	0.01%
MCD	F	0.1%	0.01%	0.01%
MCO	A	0.04%	0.02%	0.02%
MDLZ	D	0.05%	0.02%	0.02%
MLM	C	0.03%	0.01%	0.01%
MMC	A	0.07%	0.04%	0.04%
MPC	D	0.04%	0.04%	0.04%
MRK	B	0.16%	0.06%	0.06%
MSFT	A	4.14%	0.23%	0.23%
MSI	A	0.05%	0.02%	0.02%
NKE	C	0.06%	0.04%	0.04%
NOW	C	0.19%	0.07%	0.07%
NUE	D	0.03%	0.02%	0.02%
NVDA	A	4.12%	0.06%	0.06%
NVR	D	0.02%	0.05%	0.02%
OKE	C	0.04%	0.01%	0.01%
ORCL	A	0.28%	0.02%	0.02%
ORLY	C	0.06%	0.01%	0.01%
PEP	D	0.1%	0.02%	0.02%
PG	A	0.19%	0.04%	0.04%
PGR	C	0.07%	0.01%	0.01%
PH	D	0.07%	0.05%	0.05%
PHM	D	0.03%	0.03%	0.03%
PM	B	0.07%	0.02%	0.02%
PSA	B	0.02%	0.01%	0.01%
PWR	A	0.03%	0.05%	0.03%
QCOM	A	0.16%	0.05%	0.05%
REGN	A	0.08%	0.06%	0.06%
ROP	A	0.03%	0.03%	0.03%
ROST	A	0.06%	0.02%	0.02%
RSG	B	0.03%	0.01%	0.01%
SBUX	D	0.07%	0.02%	0.02%
SHW	C	0.04%	0.02%	0.02%
SPG	B	0.02%	0.01%	0.01%
SPGI	B	0.08%	0.02%	0.02%
SYK	B	0.09%	0.02%	0.02%
TJX	A	0.1%	0.01%	0.01%
TMO	C	0.1%	0.03%	0.03%
TXN	B	0.08%	0.02%	0.02%
UNH	D	0.22%	0.01%	0.01%
UNP	D	0.08%	0.02%	0.02%
URI	C	0.05%	0.04%	0.04%
V	D	0.36%	0.03%	0.03%
VMC	C	0.03%	0.02%	0.02%
VRSK	A	0.03%	0.06%	0.03%
WM	C	0.04%	0.01%	0.01%
WMB	A	0.02%	0.01%	0.01%
XOM	D	0.04%	0.01%	0.01%
ZTS	C	0.05%	0.02%	0.02%

SQEW Overweight 55 Positions Relative to VCIT

Symbol	Grade	Weight
SLYV	D	30.86%
SPYV	B	21.22%
SLYG	B	14.57%
META	B	1.43%
TSLA	C	0.64%
NFLX	A	0.37%
AMD	C	0.32%
UBER	B	0.18%
PANW	B	0.13%
SNPS	A	0.12%
CMG	A	0.12%
ISRG	A	0.12%
CDNS	A	0.11%
ANET	A	0.11%
VRTX	B	0.1%
TDG	B	0.09%
BX	C	0.08%
HLT	A	0.07%
SMCI	C	0.06%
CPRT	C	0.06%
MPWR	A	0.05%
PCAR	C	0.05%
AJG	A	0.04%
MCHP	B	0.04%
IR	B	0.04%
CL	A	0.04%
GWW	C	0.04%
ODFL	D	0.04%
ABNB	D	0.04%
CEG	B	0.04%
FCX	D	0.04%
IT	C	0.04%
LULU	F	0.04%
FICO	B	0.04%
TYL	B	0.03%
GEV	A	0.03%
AXON	C	0.03%
MNST	F	0.03%
MSCI	D	0.03%
AMP	A	0.03%
IDXX	C	0.03%
WST	F	0.03%
FTV	D	0.03%
TRGP	A	0.03%
DECK	B	0.03%
DXCM	C	0.03%
ULTA	F	0.02%
CSGP	F	0.02%
IQV	D	0.02%
ANSS	C	0.02%
YUM	C	0.02%
BLDR	D	0.02%
FAST	C	0.02%
CPAY	D	0.02%
AME	C	0.02%

SQEW Underweight 394 Positions Relative to VCIT

Symbol	Grade	Weight
DT	F	-0.28%
WIT	B	-0.15%
DD	B	-0.1%
TMUS	B	-0.09%
BIIB	C	-0.07%
RJF	C	-0.07%
MET	C	-0.07%
DLTR	F	-0.07%
DB	D	-0.07%
BABA	F	-0.07%
HAL	D	-0.06%
KOF	D	-0.06%
TSN	D	-0.06%
CHTR	C	-0.06%
ADM	F	-0.05%
BMO	D	-0.05%
ARCC	B	-0.05%
ZBH	F	-0.05%
PXD	B	-0.05%
STE	D	-0.05%
QRVO	B	-0.05%
SLB	F	-0.05%
LDOS	B	-0.05%
IEX	D	-0.05%
CAH	C	-0.05%
TD	F	-0.05%
MRO	C	-0.05%
SYY	D	-0.05%
NEM	B	-0.05%
BHF	F	-0.05%
AZN	B	-0.05%
PYPL	D	-0.05%
INTC	F	-0.05%
NWG	B	-0.05%
T	B	-0.05%
GS	B	-0.05%
PSX	D	-0.04%
L	C	-0.04%
DHR	B	-0.04%
EA	B	-0.04%
CMI	C	-0.04%
AGR	D	-0.04%
BEN	F	-0.04%
AMG	D	-0.04%
VRSN	C	-0.04%
UHS	A	-0.04%
XRAY	F	-0.04%
MOS	F	-0.04%
MTB	C	-0.04%
INVH	A	-0.04%
EXP	C	-0.04%
CNH	D	-0.04%
LVS	F	-0.04%
LMT	C	-0.04%
EBAY	A	-0.04%
BR	C	-0.04%
PAA	D	-0.04%
HPQ	B	-0.04%
AER	B	-0.04%
BLK	B	-0.04%
WAB	B	-0.04%
MPLX	B	-0.04%
GIS	C	-0.04%
OTIS	B	-0.04%
ET	C	-0.04%
VTRS	F	-0.04%
GSK	D	-0.04%
DELL	B	-0.04%
VOD	B	-0.04%
VZ	B	-0.04%
MDC	A	-0.03%
MRVL	B	-0.03%
KEX	B	-0.03%
HRB	A	-0.03%
JNPR	B	-0.03%
INGR	C	-0.03%
ILMN	F	-0.03%
JBL	C	-0.03%
KSS	F	-0.03%
FHN	D	-0.03%
EMN	B	-0.03%
FAF	D	-0.03%
AYI	D	-0.03%
BNS	D	-0.03%
BERY	B	-0.03%
TSCO	A	-0.03%
SWKS	B	-0.03%
RF	C	-0.03%
SBRA	A	-0.03%
NDAQ	C	-0.03%
LIN	B	-0.03%
HP	F	-0.03%
HIG	A	-0.03%
JD	D	-0.03%
DXC	D	-0.03%
FLS	C	-0.03%
DOX	F	-0.03%
ETN	C	-0.03%
BC	F	-0.03%
CNO	B	-0.03%
CMA	D	-0.03%
AGO	C	-0.03%
AEL	A	-0.03%
CHRW	B	-0.03%
ARW	C	-0.03%
ACGL	B	-0.03%
AAT	B	-0.03%
BDN	C	-0.03%
TEL	A	-0.03%
WB	F	-0.03%
ZION	C	-0.03%
VNT	C	-0.03%
TRMB	C	-0.03%
RPM	B	-0.03%
RL	B	-0.03%
SCS	C	-0.03%
SON	C	-0.03%
SNX	A	-0.03%
RGA	B	-0.03%
HST	D	-0.03%
DAL	D	-0.03%
CSL	A	-0.03%
FMC	F	-0.03%
SWK	D	-0.03%
TT	A	-0.03%
VFC	C	-0.03%
SJM	C	-0.03%
NTAP	A	-0.03%
KEYS	D	-0.03%
CFG	C	-0.03%
OMC	C	-0.03%
EFX	B	-0.03%
VLO	D	-0.03%
WTRG	C	-0.03%
LYB	C	-0.03%
O	D	-0.03%
MU	B	-0.03%
GLPI	C	-0.03%
ICE	B	-0.03%
FLEX	B	-0.03%
FITB	C	-0.03%
CPB	C	-0.03%
FIS	A	-0.03%
BG	D	-0.03%
SYF	C	-0.03%
NI	C	-0.03%
CCI	D	-0.03%
UPS	F	-0.03%
NXPI	B	-0.03%
SRE	B	-0.03%
DG	F	-0.03%
TDY	D	-0.03%
EPD	D	-0.03%
COF	C	-0.03%
BDX	D	-0.03%
FOXA	B	-0.03%
MUFG	C	-0.03%
DIS	C	-0.03%
PFE	C	-0.03%
KDP	A	-0.03%
BMY	F	-0.03%
UNM	D	-0.02%
TME	B	-0.02%
R	D	-0.02%
SKT	D	-0.02%
SITC	B	-0.02%
PKG	B	-0.02%
RS	D	-0.02%
SAFE	F	-0.02%
AIZ	D	-0.02%
AVT	B	-0.02%
CINF	C	-0.02%
CHD	A	-0.02%
BKU	C	-0.02%
AN	B	-0.02%
AMH	C	-0.02%
NVT	B	-0.02%
GPC	D	-0.02%
HR	C	-0.02%
IFF	B	-0.02%
GXO	F	-0.02%
EPRT	B	-0.02%
FRT	D	-0.02%
WU	D	-0.02%
TKR	D	-0.02%
RYN	B	-0.02%
SF	C	-0.02%
NOV	D	-0.02%
NHI	A	-0.02%
MHK	D	-0.02%
DOV	B	-0.02%
DSS	F	-0.02%
AFG	C	-0.02%
WBS	D	-0.02%
WBA	D	-0.02%
VOYA	B	-0.02%
VNO	C	-0.02%
FSK	B	-0.02%
CTVA	D	-0.02%
EXR	A	-0.02%
DRI	C	-0.02%
OSK	D	-0.02%
LII	A	-0.02%
MDT	D	-0.02%
MCY	D	-0.02%
PDM	A	-0.02%
OC	B	-0.02%
LEG	F	-0.02%
LAZ	D	-0.02%
KIM	B	-0.02%
KRC	D	-0.02%
AVY	A	-0.02%
REG	B	-0.02%
PRE	C	-0.02%
MAS	C	-0.02%
LNC	B	-0.02%
JCI	B	-0.02%
H	C	-0.02%
BBY	A	-0.02%
ALLE	D	-0.02%
ALL	D	-0.02%
BAX	D	-0.02%
AVB	A	-0.02%
ATO	C	-0.02%
CBOE	D	-0.02%
WPC	D	-0.02%
PFG	C	-0.02%
PPG	D	-0.02%
GL	C	-0.02%
EQR	A	-0.02%
EPR	D	-0.02%
EL	F	-0.02%
FNF	C	-0.02%
CP	D	-0.02%
XYL	B	-0.02%
LEA	F	-0.02%
K	C	-0.02%
HUN	D	-0.02%
CNP	A	-0.02%
CMS	D	-0.02%
BRO	A	-0.02%
BIDU	F	-0.02%
AWK	B	-0.02%
AES	C	-0.02%
A	C	-0.02%
VTR	A	-0.02%
PRU	B	-0.02%
MMM	B	-0.02%
KEY	D	-0.02%
KMB	A	-0.02%
ESGR	A	-0.02%
HBAN	D	-0.02%
FDX	D	-0.02%
APD	B	-0.02%
NTRS	C	-0.02%
IPG	F	-0.02%
CPT	A	-0.02%
STLD	C	-0.02%
TGT	D	-0.02%
RPRX	F	-0.02%
SO	B	-0.02%
GM	B	-0.02%
JEF	B	-0.02%
TFC	C	-0.02%
STZ	C	-0.02%
GPN	F	-0.02%
BXP	C	-0.02%
NOC	F	-0.02%
ABT	D	-0.02%
AIG	D	-0.02%
MO	B	-0.02%
CVS	D	-0.02%
CI	D	-0.02%
CMCSA	F	-0.02%
C	C	-0.02%
GBDC	D	-0.01%
SAVE	F	-0.01%
OCSL	B	-0.01%
GOOG	B	-0.01%
SNA	D	-0.01%
PNR	C	-0.01%
PSEC	B	-0.01%
NEU	D	-0.01%
OGS	D	-0.01%
APTV	F	-0.01%
KRG	B	-0.01%
WTFC	D	-0.01%
CBT	B	-0.01%
KMT	D	-0.01%
WLK	D	-0.01%
THG	D	-0.01%
WEC	D	-0.01%
CHH	D	-0.01%
ADC	B	-0.01%
KMPR	C	-0.01%
PNW	C	-0.01%
ROK	F	-0.01%
RNR	B	-0.01%
AAL	F	-0.01%
HUBB	C	-0.01%
HSY	F	-0.01%
LXP	B	-0.01%
NFG	C	-0.01%
MKL	B	-0.01%
OPI	C	-0.01%
NSC	D	-0.01%
HPP	D	-0.01%
CUBE	B	-0.01%
DVN	D	-0.01%
BKH	D	-0.01%
UDR	B	-0.01%
TXT	C	-0.01%
TCN	A	-0.01%
SWX	C	-0.01%
OGE	C	-0.01%
HUM	C	-0.01%
GP	F	-0.01%
HIW	C	-0.01%
FLO	D	-0.01%
AXS	B	-0.01%
PEG	B	-0.01%
REXR	D	-0.01%
XEL	D	-0.01%
EVRG	C	-0.01%
ETR	D	-0.01%
CNA	B	-0.01%
CLX	C	-0.01%
AAP	D	-0.01%
SUI	D	-0.01%
NNN	B	-0.01%
LH	C	-0.01%
HII	D	-0.01%
EMR	C	-0.01%
DGX	C	-0.01%
EIX	C	-0.01%
ED	D	-0.01%
AL	C	-0.01%
LNT	D	-0.01%
AEP	B	-0.01%
AEE	D	-0.01%
OHI	A	-0.01%
HAS	C	-0.01%
ESS	A	-0.01%
ES	D	-0.01%
AMCR	B	-0.01%
WELL	A	-0.01%
MAA	B	-0.01%
MKC	D	-0.01%
HRL	F	-0.01%
DTE	C	-0.01%
ARE	C	-0.01%
DOC	B	-0.01%
KR	C	-0.01%
GD	A	-0.01%
BWA	F	-0.01%
STT	D	-0.01%
WHR	F	-0.01%
PLD	C	-0.01%
LHX	B	-0.01%
CB	B	-0.01%
USB	C	-0.01%
WY	F	-0.01%
AON	C	-0.01%
KMI	B	-0.01%
DOW	D	-0.01%
D	C	-0.01%
CVX	D	-0.01%
DUK	B	-0.01%
BK	B	-0.01%
WRK	C	-0.01%
BRX	B	-0.01%
SCHW	D	-0.01%
JNJ	F	-0.01%
EXC	D	-0.01%
GILD	F	-0.01%
EQH	B	-0.01%
CAG	D	-0.01%
AMGN	B	-0.01%
AFL	A	-0.01%
LOW	C	-0.01%
PNC	C	-0.01%
HON	A	-0.01%
NEE	C	-0.01%
LUV	B	-0.01%
IBM	C	-0.01%
WMT	A	-0.01%
UAL	C	-0.01%
MS	B	-0.01%
WFC	C	-0.01%
RTX	B	-0.01%
HSBC	B	-0.01%
PCG	B	-0.01%
JPM	B	-0.01%
BAC	A	-0.01%