VAW vs. NANR ETF Comparison

Comparison of Vanguard Materials ETF - DNQ (VAW) to SPDR S&P North American Natural Resources ETF (NANR)

VAW

Vanguard Materials ETF - DNQ

VAW Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Materials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the materials sector, as classified under the Global Industry Classification Standard (GICS). 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. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$210.59

Average Daily Volume

29,620

Number of Holdings ^*

116

* may have additional holdings in another (foreign) market

NANR

SPDR S&P North American Natural Resources ETF

NANR Description

The investment seeks to track the performance of the S&P BMI North American Natural Resources Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index comprises publicly traded large- and mid-capitalization U.S. and Canadian companies in the natural resources and commodities businesses that meet certain investability requirements and are classified within the sub-industries of one of three natural resources categories: energy, materials or agriculture. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$58.22

Average Daily Volume

16,073

Number of Holdings ^*

103

* may have additional holdings in another (foreign) market

Performance

Period	VAW	NANR
30 Days	-0.97%	0.63%
60 Days	1.66%	3.49%
90 Days	3.21%	3.03%
12 Months	19.64%	18.19%

34 Overlapping Holdings

Symbol	Grade	Weight in VAW	Weight in NANR	Overlap
AA	A	0.66%	0.76%	0.66%
AMCR	C	1.13%	0.9%	0.9%
AMR	C	0.16%	0.2%	0.16%
ATI	C	0.46%	0.49%	0.46%
AVY	F	1.17%	0.97%	0.97%
CDE	C	0.18%	0.18%	0.18%
CF	A	1.05%	0.97%	0.97%
CLF	F	0.43%	0.37%	0.37%
CMC	B	0.43%	0.48%	0.43%
CRS	B	0.49%	0.62%	0.49%
CTVA	C	2.98%	2.42%	2.42%
FCX	F	4.54%	4.37%	4.37%
FMC	D	0.57%	0.42%	0.42%
GPK	C	0.61%	0.53%	0.53%
HCC	B	0.23%	0.24%	0.23%
HL	D	0.27%	0.23%	0.23%
IP	A	1.29%	1.22%	1.22%
KALU	C	0.08%	0.09%	0.08%
LPX	B	0.45%	0.45%	0.45%
MOS	F	0.6%	0.51%	0.51%
MP	C	0.16%	0.17%	0.16%
MTRN	C	0.15%	0.16%	0.15%
NEM	D	3.68%	3.41%	3.41%
NUE	C	2.39%	2.47%	2.39%
PKG	A	1.44%	1.3%	1.3%
RGLD	C	0.5%	0.67%	0.5%
RS	B	1.15%	1.24%	1.15%
SEE	C	0.37%	0.31%	0.31%
SLVM	B	0.21%	0.18%	0.18%
SMG	C	0.26%	0.19%	0.19%
SON	F	0.36%	0.3%	0.3%
STLD	B	1.37%	1.45%	1.37%
SW	A	1.88%	1.69%	1.69%
WS	C	0.09%	0.09%	0.09%

VAW Overweight 82 Positions Relative to NANR

Symbol	Grade	Weight
LIN	C	15.38%
SHW	B	6.06%
APD	A	4.84%
ECL	D	4.43%
MLM	C	2.56%
VMC	B	2.54%
DOW	F	2.44%
DD	C	2.43%
PPG	F	2.05%
IFF	D	1.78%
LYB	F	1.59%
BALL	F	1.29%
RPM	A	1.15%
CE	F	0.96%
EMN	C	0.87%
CCK	D	0.79%
ATR	B	0.78%
ALB	B	0.68%
EXP	B	0.68%
X	B	0.61%
AXTA	B	0.59%
BERY	C	0.56%
ESI	B	0.44%
CBT	D	0.42%
SUM	B	0.41%
BCPC	B	0.38%
KNF	B	0.37%
WLK	D	0.36%
OLN	F	0.34%
SLGN	A	0.31%
AVNT	B	0.3%
FUL	F	0.28%
ASH	F	0.28%
NEU	D	0.27%
HUN	F	0.25%
IOSP	C	0.19%
CC	C	0.19%
SXT	C	0.19%
ARCH	B	0.18%
MTX	B	0.17%
HWKN	B	0.15%
KWR	C	0.15%
PRM	C	0.13%
OI	C	0.12%
PCT	C	0.11%
GEF	A	0.11%
SCL	C	0.11%
NGVT	B	0.1%
TROX	D	0.1%
USLM	A	0.09%
ASPN	F	0.08%
CENX	B	0.07%
TRS	B	0.07%
MATV	D	0.06%
SXC	A	0.06%
OEC	C	0.06%
RYI	C	0.05%
KOP	C	0.05%
IE	C	0.05%
ECVT	C	0.05%
GATO	C	0.05%
ASIX	B	0.05%
HAYN	A	0.05%
PTVE	B	0.04%
MTUS	C	0.04%
ZEUS	C	0.03%
MYE	F	0.03%
LXU	B	0.03%
CLW	F	0.03%
RDUS	B	0.03%
CMP	C	0.03%
PLL	C	0.02%
IPI	C	0.02%
MERC	F	0.02%
KRO	C	0.02%
PACK	B	0.02%
METC	C	0.02%
AVD	C	0.01%
TSE	F	0.01%
ORGN	D	0.01%
FEAM	F	0.0%
DNMR	F	0.0%

VAW Underweight 69 Positions Relative to NANR

Symbol	Grade	Weight
XOM	B	-10.3%
CVX	A	-7.01%
COP	C	-3.38%
EOG	A	-2.0%
ADM	D	-1.59%
SLB	C	-1.58%
MPC	D	-1.43%
PSX	C	-1.42%
WY	F	-1.38%
VLO	C	-1.2%
BKR	A	-1.09%
HES	B	-1.03%
OXY	D	-0.87%
FANG	C	-0.83%
BG	D	-0.79%
HAL	C	-0.69%
EQT	B	-0.67%
TPL	A	-0.66%
DVN	F	-0.62%
INGR	C	-0.56%
CTRA	B	-0.49%
MRO	B	-0.42%
DAR	C	-0.41%
WFG	C	-0.32%
FTI	A	-0.31%
OVV	B	-0.28%
RYN	D	-0.25%
AR	B	-0.24%
CHRD	D	-0.21%
APA	D	-0.21%
RRC	B	-0.21%
PR	B	-0.2%
PCH	F	-0.2%
MTDR	B	-0.17%
NOV	C	-0.16%
DINO	D	-0.16%
CNX	A	-0.15%
WFRD	D	-0.15%
MGY	A	-0.13%
SM	B	-0.13%
MUR	D	-0.12%
CIVI	D	-0.12%
WHD	B	-0.11%
NOG	B	-0.1%
UEC	B	-0.09%
AROC	A	-0.09%
CRC	A	-0.09%
VAL	F	-0.08%
RIG	D	-0.08%
CEIX	A	-0.08%
PBF	D	-0.08%
HP	C	-0.08%
PTEN	C	-0.07%
LBRT	D	-0.07%
OII	B	-0.07%
BTU	B	-0.07%
TDW	F	-0.06%
TALO	C	-0.05%
KOS	D	-0.05%
CRGY	B	-0.05%
HLX	B	-0.04%
GPOR	B	-0.04%
WKC	C	-0.04%
WTTR	A	-0.03%
DK	C	-0.03%
XPRO	D	-0.03%
AESI	B	-0.03%
PDS	C	-0.02%
PARR	F	-0.02%