VBR vs. SCHM ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Schwab U.S. Mid Cap ETF (SCHM)

VBR

Vanguard Small-Cap Value ETF - DNQ

VBR Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Value Index, a broadly diversified index of value stocks of small U.S. companies. 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

$211.20

Average Daily Volume

430,349

Number of Holdings ^*

794

* may have additional holdings in another (foreign) market

SCHM

Schwab U.S. Mid Cap ETF

SCHM Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Mid-Cap Total Stock Market IndexSM. The fund invests at least 90% of net assets in stocks that are included in the index. The index includes the mid-cap portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace. The Dow Jones U.S. Mid-Cap Total Stock Market Index includes the components ranked 501-1000 by full market capitalization. The index is a float-adjusted market capitalization weighted index. It may invest up to 10% of its net assets in securities not included in its index.

Grade (RS Rating)

Last Trade

$29.30

Average Daily Volume

1,060,474

Number of Holdings ^*

478

* may have additional holdings in another (foreign) market

Performance

Period	VBR	SCHM
30 Days	5.18%	5.17%
60 Days	6.13%	6.68%
90 Days	7.24%	8.03%
12 Months	32.19%	29.69%

266 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in SCHM	Overlap
AA	A	0.3%	0.25%	0.25%
AAL	B	0.26%	0.21%	0.21%
ACHC	F	0.11%	0.08%	0.08%
ACI	C	0.17%	0.17%	0.17%
ACM	B	0.42%	0.32%	0.32%
ADC	A	0.22%	0.17%	0.17%
ADTN	A	0.09%	0.06%	0.06%
AES	F	0.34%	0.22%	0.22%
AFG	A	0.28%	0.22%	0.22%
AGCO	D	0.19%	0.13%	0.13%
AGNC	C	0.21%	0.17%	0.17%
AIT	B	0.26%	0.23%	0.23%
AIZ	A	0.29%	0.25%	0.25%
AL	B	0.13%	0.11%	0.11%
ALB	B	0.16%	0.27%	0.16%
ALK	B	0.18%	0.15%	0.15%
ALLE	C	0.36%	0.27%	0.27%
ALLY	C	0.28%	0.22%	0.22%
ALSN	B	0.27%	0.22%	0.22%
AM	A	0.14%	0.11%	0.11%
AMG	B	0.16%	0.12%	0.12%
AMKR	D	0.08%	0.06%	0.06%
AN	C	0.15%	0.1%	0.1%
ANF	F	0.2%	0.16%	0.16%
APA	D	0.26%	0.18%	0.18%
APG	B	0.25%	0.19%	0.19%
AR	B	0.11%	0.2%	0.11%
ARMK	B	0.29%	0.22%	0.22%
ARW	D	0.18%	0.13%	0.13%
ASGN	F	0.11%	0.09%	0.09%
ASH	F	0.11%	0.08%	0.08%
ATR	B	0.33%	0.25%	0.25%
AXS	A	0.17%	0.15%	0.15%
AXTA	B	0.24%	0.2%	0.2%
AYI	B	0.27%	0.22%	0.22%
BAH	F	0.69%	0.43%	0.43%
BBWI	C	0.18%	0.16%	0.16%
BC	C	0.15%	0.12%	0.12%
BEN	C	0.1%	0.15%	0.1%
BERY	C	0.22%	0.17%	0.17%
BG	D	0.35%	0.28%	0.28%
BIO	C	0.2%	0.14%	0.14%
BJ	A	0.33%	0.26%	0.26%
BKH	A	0.12%	0.1%	0.1%
BOKF	B	0.07%	0.06%	0.06%
BPOP	C	0.19%	0.15%	0.15%
BRX	A	0.24%	0.19%	0.19%
BWA	D	0.22%	0.17%	0.17%
BXP	C	0.33%	0.25%	0.25%
BYD	B	0.07%	0.11%	0.07%
CACI	D	0.36%	0.23%	0.23%
CBSH	B	0.21%	0.19%	0.19%
CCK	D	0.33%	0.24%	0.24%
CFR	B	0.21%	0.2%	0.2%
CG	B	0.34%	0.23%	0.23%
CHRD	D	0.23%	0.17%	0.17%
CHRW	B	0.34%	0.29%	0.29%
CLF	F	0.18%	0.12%	0.12%
CMA	B	0.25%	0.2%	0.2%
CMC	B	0.18%	0.15%	0.15%
CNXC	F	0.07%	0.04%	0.04%
COHR	B	0.21%	0.32%	0.21%
COLM	C	0.04%	0.06%	0.04%
COTY	F	0.08%	0.06%	0.06%
CPT	B	0.36%	0.28%	0.28%
CR	A	0.22%	0.19%	0.19%
CRUS	D	0.17%	0.12%	0.12%
CSL	C	0.57%	0.46%	0.46%
DCI	B	0.26%	0.2%	0.2%
DINO	D	0.18%	0.15%	0.15%
DJT	C	0.01%	0.04%	0.01%
DKS	D	0.23%	0.25%	0.23%
DNB	B	0.12%	0.08%	0.08%
DOC	C	0.23%	0.33%	0.23%
DTM	A	0.26%	0.22%	0.22%
DVA	C	0.17%	0.16%	0.16%
EDR	A	0.12%	0.12%	0.12%
EGP	D	0.24%	0.19%	0.19%
EHC	B	0.29%	0.22%	0.22%
ELAN	D	0.18%	0.15%	0.15%
EME	A	0.61%	0.52%	0.52%
EMN	C	0.36%	0.26%	0.26%
EPAM	B	0.3%	0.3%	0.3%
EQH	C	0.42%	0.34%	0.34%
ESNT	F	0.18%	0.13%	0.13%
EVR	B	0.28%	0.24%	0.24%
EVRG	A	0.19%	0.32%	0.19%
EWBC	A	0.39%	0.32%	0.32%
FAF	A	0.18%	0.15%	0.15%
FBIN	D	0.3%	0.2%	0.2%
FCN	F	0.2%	0.15%	0.15%
FFIN	B	0.13%	0.12%	0.12%
FFIV	B	0.4%	0.31%	0.31%
FG	A	0.02%	0.02%	0.02%
FHN	A	0.27%	0.24%	0.24%
FLO	D	0.12%	0.09%	0.09%
FLR	B	0.26%	0.2%	0.2%
FLS	B	0.2%	0.17%	0.17%
FMC	D	0.24%	0.15%	0.15%
FR	D	0.2%	0.15%	0.15%
FRT	B	0.27%	0.19%	0.19%
FYBR	C	0.26%	0.17%	0.17%
G	B	0.2%	0.16%	0.16%
GAP	C	0.15%	0.11%	0.11%
GBCI	B	0.17%	0.14%	0.14%
GL	C	0.28%	0.22%	0.22%
GLPI	C	0.38%	0.3%	0.3%
GME	C	0.25%	0.23%	0.23%
GPK	C	0.25%	0.19%	0.19%
HAS	D	0.25%	0.18%	0.18%
HII	F	0.21%	0.17%	0.17%
HOG	D	0.11%	0.09%	0.09%
HRB	D	0.24%	0.19%	0.19%
HSIC	C	0.26%	0.19%	0.19%
IAC	F	0.1%	0.07%	0.07%
IDA	A	0.16%	0.14%	0.14%
IEX	C	0.47%	0.38%	0.38%
INFA	D	0.06%	0.05%	0.05%
INGR	C	0.25%	0.2%	0.2%
IPG	D	0.32%	0.23%	0.23%
ITT	A	0.33%	0.28%	0.28%
IVZ	B	0.22%	0.18%	0.18%
JAZZ	B	0.19%	0.17%	0.17%
JBL	C	0.39%	0.32%	0.32%
JEF	A	0.27%	0.27%	0.27%
JHG	B	0.15%	0.13%	0.13%
JLL	D	0.38%	0.27%	0.27%
JNPR	D	0.37%	0.27%	0.27%
JXN	C	0.22%	0.17%	0.17%
KBH	D	0.15%	0.13%	0.13%
KBR	F	0.26%	0.17%	0.17%
KEX	B	0.19%	0.16%	0.16%
KIM	A	0.47%	0.37%	0.37%
KMX	B	0.33%	0.27%	0.27%
KNX	C	0.23%	0.2%	0.2%
KRC	B	0.14%	0.09%	0.09%
LAD	A	0.26%	0.22%	0.22%
LAMR	C	0.17%	0.25%	0.17%
LEA	F	0.16%	0.12%	0.12%
LKQ	F	0.28%	0.22%	0.22%
LNC	C	0.17%	0.13%	0.13%
LPX	B	0.18%	0.16%	0.16%
LYFT	C	0.13%	0.15%	0.13%
MAT	D	0.2%	0.14%	0.14%
MDU	D	0.16%	0.08%	0.08%
MGM	D	0.12%	0.19%	0.12%
MHK	D	0.21%	0.16%	0.16%
MIDD	C	0.2%	0.16%	0.16%
MKSI	C	0.2%	0.16%	0.16%
MLI	B	0.27%	0.22%	0.22%
MOS	F	0.25%	0.19%	0.19%
MSA	F	0.18%	0.15%	0.15%
MTG	C	0.19%	0.14%	0.14%
MTH	D	0.19%	0.14%	0.14%
MTZ	B	0.11%	0.18%	0.11%
MUR	D	0.13%	0.1%	0.1%
MUSA	B	0.26%	0.22%	0.22%
NCLH	B	0.16%	0.26%	0.16%
NFG	A	0.16%	0.12%	0.12%
NI	A	0.23%	0.36%	0.23%
NNN	C	0.23%	0.17%	0.17%
NRG	B	0.55%	0.42%	0.42%
NSIT	F	0.17%	0.09%	0.09%
NVT	B	0.36%	0.27%	0.27%
NXST	C	0.16%	0.11%	0.11%
NYT	D	0.25%	0.19%	0.19%
OC	A	0.45%	0.37%	0.37%
OGE	A	0.23%	0.19%	0.19%
OGN	F	0.14%	0.09%	0.09%
OHI	C	0.32%	0.23%	0.23%
OLN	F	0.14%	0.11%	0.11%
OMF	A	0.17%	0.15%	0.15%
ORI	A	0.24%	0.2%	0.2%
OSK	C	0.19%	0.16%	0.16%
OVV	B	0.3%	0.26%	0.26%
OZK	B	0.14%	0.11%	0.11%
PAG	B	0.09%	0.07%	0.07%
PARA	C	0.17%	0.15%	0.15%
PB	B	0.19%	0.17%	0.17%
PBF	D	0.08%	0.07%	0.07%
PFGC	B	0.37%	0.29%	0.29%
PII	F	0.11%	0.08%	0.08%
PNFP	B	0.11%	0.21%	0.11%
PNR	A	0.48%	0.39%	0.39%
PNW	A	0.29%	0.23%	0.23%
POR	C	0.14%	0.11%	0.11%
POST	C	0.07%	0.11%	0.07%
PPC	C	0.05%	0.05%	0.05%
PR	B	0.13%	0.21%	0.13%
PRI	B	0.27%	0.22%	0.22%
PSN	D	0.15%	0.1%	0.1%
PVH	C	0.16%	0.13%	0.13%
QRVO	F	0.2%	0.14%	0.14%
REG	A	0.38%	0.27%	0.27%
REYN	D	0.04%	0.03%	0.03%
RGA	A	0.41%	0.34%	0.34%
RHI	C	0.2%	0.17%	0.17%
RIVN	F	0.13%	0.16%	0.13%
RL	C	0.22%	0.19%	0.19%
RLI	A	0.2%	0.16%	0.16%
RNR	C	0.4%	0.3%	0.3%
RPM	A	0.48%	0.39%	0.39%
RRC	B	0.2%	0.18%	0.18%
RRX	B	0.32%	0.25%	0.25%
RS	B	0.46%	0.38%	0.38%
RYN	D	0.14%	0.09%	0.09%
SAIC	F	0.22%	0.14%	0.14%
SCI	B	0.33%	0.27%	0.27%
SEE	C	0.12%	0.12%	0.12%
SEIC	B	0.26%	0.18%	0.18%
SF	B	0.29%	0.26%	0.26%
SFM	A	0.38%	0.31%	0.31%
SIGI	C	0.16%	0.13%	0.13%
SIRI	C	0.17%	0.13%	0.13%
SJM	D	0.34%	0.25%	0.25%
SMMT	D	0.06%	0.06%	0.06%
SNV	C	0.2%	0.18%	0.18%
SNX	D	0.22%	0.19%	0.19%
SOLV	D	0.29%	0.21%	0.21%
SON	F	0.15%	0.11%	0.11%
SSB	B	0.22%	0.18%	0.18%
ST	F	0.15%	0.11%	0.11%
STAG	D	0.2%	0.15%	0.15%
STLD	B	0.28%	0.44%	0.28%
STWD	C	0.18%	0.14%	0.14%
SUM	B	0.17%	0.13%	0.13%
TAP	C	0.28%	0.24%	0.24%
TFX	F	0.28%	0.2%	0.2%
THC	D	0.43%	0.33%	0.33%
THG	A	0.14%	0.13%	0.13%
THO	B	0.15%	0.13%	0.13%
TKR	D	0.15%	0.11%	0.11%
TMHC	C	0.2%	0.16%	0.16%
TOL	B	0.44%	0.35%	0.35%
TPR	B	0.32%	0.29%	0.29%
TTEK	F	0.38%	0.24%	0.24%
UFPI	C	0.21%	0.17%	0.17%
UGI	C	0.15%	0.11%	0.11%
UHAL	D	0.19%	0.15%	0.15%
UHAL	D	0.02%	0.15%	0.02%
UHS	D	0.34%	0.27%	0.27%
UNM	A	0.28%	0.28%	0.28%
USFD	A	0.44%	0.35%	0.35%
UTHR	C	0.49%	0.36%	0.36%
VFC	C	0.24%	0.15%	0.15%
VLY	B	0.12%	0.11%	0.11%
VMI	B	0.18%	0.15%	0.15%
VNO	C	0.22%	0.15%	0.15%
VOYA	B	0.23%	0.18%	0.18%
VVV	D	0.15%	0.12%	0.12%
WAL	B	0.25%	0.22%	0.22%
WBA	F	0.1%	0.13%	0.1%
WBS	A	0.26%	0.23%	0.23%
WCC	B	0.28%	0.2%	0.2%
WHR	B	0.17%	0.14%	0.14%
WLK	D	0.07%	0.09%	0.07%
WSM	C	0.39%	0.37%	0.37%
WTFC	A	0.23%	0.19%	0.19%
WTRG	B	0.28%	0.22%	0.22%
WU	F	0.11%	0.08%	0.08%
X	B	0.23%	0.18%	0.18%
XPO	B	0.21%	0.38%	0.21%
XRAY	F	0.14%	0.08%	0.08%
Z	A	0.27%	0.33%	0.27%
ZION	B	0.22%	0.19%	0.19%
ZWS	B	0.14%	0.12%	0.12%

VBR Overweight 528 Positions Relative to SCHM

Symbol	Grade	Weight
SW	A	0.78%
FCNCA	A	0.61%
BLDR	D	0.58%
ATO	A	0.58%
LDOS	C	0.36%
HUBB	B	0.33%
ESAB	C	0.21%
LUMN	C	0.19%
R	B	0.18%
CADE	B	0.18%
ONB	C	0.18%
BECN	B	0.17%
VNT	C	0.17%
SRCL	B	0.17%
ESI	B	0.17%
CBT	D	0.17%
COLB	B	0.17%
COOP	B	0.16%
MOG.A	B	0.16%
KNF	B	0.16%
TPG	A	0.16%
UBSI	B	0.15%
BCC	B	0.15%
MATX	C	0.15%
FNB	A	0.15%
WTS	B	0.15%
RDN	D	0.15%
KD	B	0.15%
GPI	B	0.14%
BDC	C	0.14%
CUZ	B	0.14%
KTB	B	0.14%
PIPR	A	0.14%
AVT	C	0.14%
MDGL	B	0.14%
SLM	A	0.14%
AUR	C	0.14%
CNX	A	0.14%
SLG	B	0.14%
HOMB	A	0.14%
GATX	A	0.14%
BCO	F	0.13%
WTM	A	0.13%
EAT	A	0.13%
SWX	B	0.13%
HWC	B	0.13%
SBRA	C	0.13%
UMBF	B	0.13%
NJR	A	0.13%
ABG	C	0.13%
GTES	A	0.13%
ACA	A	0.13%
ICUI	D	0.12%
FUL	F	0.12%
M	F	0.12%
OGS	A	0.12%
MAC	B	0.12%
ABCB	B	0.12%
HASI	D	0.12%
SLGN	A	0.12%
ITGR	B	0.12%
AGO	B	0.12%
CRC	A	0.12%
AVNT	B	0.12%
TPH	D	0.11%
NVST	B	0.11%
HUN	F	0.11%
SKYW	C	0.11%
CDP	C	0.11%
SKT	A	0.11%
SANM	B	0.11%
PBH	A	0.11%
AX	B	0.11%
ASO	F	0.11%
GVA	A	0.11%
ESGR	B	0.11%
KFY	B	0.11%
ALE	A	0.11%
SMG	C	0.11%
NUVL	C	0.11%
KMPR	A	0.11%
HL	D	0.11%
SIG	B	0.11%
ENS	F	0.11%
PLXS	B	0.11%
PNM	B	0.11%
MGEE	B	0.1%
NWE	B	0.1%
PCH	F	0.1%
OTTR	C	0.1%
TEX	F	0.1%
FULT	A	0.1%
WEN	D	0.1%
HCC	B	0.1%
BNL	D	0.1%
ABM	B	0.1%
SEM	B	0.1%
BGC	C	0.1%
NHI	D	0.1%
UCB	A	0.1%
AUB	B	0.1%
ASB	B	0.1%
IBOC	B	0.1%
EPR	C	0.1%
CNO	B	0.1%
AEO	F	0.1%
NWL	C	0.1%
PRGO	C	0.1%
SR	A	0.1%
WD	D	0.1%
GMS	B	0.1%
RUSHA	C	0.1%
MSM	C	0.1%
HIW	C	0.1%
TCBI	C	0.1%
DXC	B	0.1%
GNW	A	0.09%
WSFS	B	0.09%
AVA	A	0.09%
JWN	D	0.09%
BRC	D	0.09%
DEI	B	0.09%
MAN	F	0.09%
SATS	D	0.09%
MIR	A	0.09%
PENN	C	0.09%
PTEN	C	0.09%
NPO	A	0.09%
ATKR	D	0.09%
APAM	B	0.09%
AWR	B	0.09%
TDC	D	0.09%
AMED	F	0.09%
CWK	C	0.09%
BTU	B	0.09%
CATY	B	0.09%
FBP	C	0.09%
FHB	B	0.09%
TNL	A	0.09%
EBC	B	0.09%
PRIM	A	0.09%
SXT	C	0.09%
APLE	B	0.09%
COMP	B	0.09%
CBU	B	0.09%
AROC	A	0.09%
FHI	B	0.09%
ESE	B	0.09%
FIBK	B	0.08%
AKR	B	0.08%
CVBF	A	0.08%
CXT	C	0.08%
LXP	D	0.08%
ABR	C	0.08%
BKU	A	0.08%
NSP	F	0.08%
TDS	B	0.08%
IOSP	C	0.08%
UE	B	0.08%
UNF	B	0.08%
CC	C	0.08%
TGNA	B	0.08%
SYNA	C	0.08%
DBRG	F	0.08%
REZI	A	0.08%
PRGS	A	0.08%
GHC	B	0.08%
PK	C	0.08%
WAFD	B	0.08%
SFNC	C	0.08%
MPW	F	0.08%
ALIT	C	0.08%
GFF	A	0.08%
MGRC	B	0.08%
RNG	C	0.08%
TRN	B	0.08%
IOVA	F	0.08%
BOH	B	0.08%
BHF	C	0.08%
ATGE	B	0.08%
OMCL	C	0.07%
GT	C	0.07%
ENR	B	0.07%
ENOV	C	0.07%
CDE	C	0.07%
PFS	B	0.07%
PECO	A	0.07%
FFBC	B	0.07%
HBI	B	0.07%
CWEN	C	0.07%
RNA	C	0.07%
VSCO	C	0.07%
SPB	C	0.07%
SM	B	0.07%
DY	D	0.07%
MTX	B	0.07%
VAC	C	0.07%
HAYW	B	0.07%
PPBI	C	0.07%
ARCB	C	0.07%
BFH	C	0.07%
BXMT	C	0.07%
OUT	A	0.07%
PRK	B	0.07%
URBN	C	0.07%
ARCH	B	0.07%
INDB	B	0.07%
HUBG	A	0.07%
PFSI	C	0.07%
VIRT	A	0.07%
NMRK	C	0.06%
NATL	B	0.06%
CGON	F	0.06%
AZTA	D	0.06%
TRMK	C	0.06%
LRN	A	0.06%
IMVT	F	0.06%
RXO	D	0.06%
PHIN	A	0.06%
HI	C	0.06%
BLKB	B	0.06%
KSS	F	0.06%
KMT	B	0.06%
BANF	B	0.06%
MHO	D	0.06%
NBTB	B	0.06%
AIR	B	0.06%
WLY	B	0.06%
GEO	B	0.06%
EQC	B	0.06%
PINC	B	0.06%
STRA	C	0.06%
PSMT	D	0.06%
SFBS	C	0.06%
ZG	A	0.06%
VIAV	C	0.06%
SHO	D	0.06%
IBTX	B	0.06%
HURN	C	0.06%
FRME	B	0.06%
RNST	B	0.06%
ZD	B	0.06%
EVTC	B	0.06%
LAUR	A	0.06%
MTRN	C	0.06%
VSH	F	0.06%
CAKE	C	0.06%
AIN	C	0.06%
IVT	A	0.06%
AAP	D	0.06%
TOWN	B	0.06%
B	A	0.06%
OSIS	A	0.06%
IPGP	D	0.06%
AZZ	A	0.06%
WERN	C	0.06%
TTMI	C	0.06%
JOBY	B	0.06%
SXI	B	0.06%
FL	F	0.06%
BANR	B	0.06%
HNI	B	0.06%
CPRI	F	0.06%
SCL	C	0.05%
SHOO	F	0.05%
MLKN	F	0.05%
LZB	B	0.05%
DDS	B	0.05%
FCF	B	0.05%
UAA	C	0.05%
HEES	C	0.05%
CHCO	B	0.05%
CNK	C	0.05%
APOG	C	0.05%
LTC	B	0.05%
PDCO	F	0.05%
DRH	B	0.05%
HE	C	0.05%
NWBI	B	0.05%
THS	D	0.05%
NBHC	C	0.05%
GOLF	B	0.05%
PZZA	F	0.05%
KAR	B	0.05%
EPC	F	0.05%
OI	C	0.05%
STEP	C	0.05%
GBX	A	0.05%
PRG	C	0.05%
VSTS	C	0.05%
WSBC	B	0.05%
SUPN	C	0.05%
GNL	F	0.05%
CRGY	B	0.05%
LGND	C	0.05%
VYX	B	0.05%
MCY	A	0.05%
OFG	B	0.05%
ROIC	A	0.05%
CRI	F	0.05%
EIG	B	0.04%
PBI	B	0.04%
ARI	C	0.04%
AAT	B	0.04%
FDP	B	0.04%
DYN	F	0.04%
PDM	D	0.04%
SPNT	B	0.04%
IART	C	0.04%
VC	F	0.04%
WS	C	0.04%
DNOW	B	0.04%
GO	C	0.04%
VRE	B	0.04%
BKE	B	0.04%
NNI	D	0.04%
LADR	B	0.04%
RRR	F	0.04%
WABC	B	0.04%
CSGS	B	0.04%
REVG	C	0.04%
VRNT	C	0.04%
CAR	C	0.04%
SBH	C	0.04%
LCII	C	0.04%
ALEX	B	0.04%
NX	C	0.04%
STBA	B	0.04%
ESRT	C	0.04%
HTH	C	0.04%
CODI	B	0.04%
BLMN	F	0.04%
WT	A	0.04%
HOPE	C	0.04%
NTCT	C	0.04%
VCTR	B	0.04%
TROX	D	0.04%
UPBD	B	0.04%
AMN	F	0.04%
CXW	C	0.04%
SMR	B	0.04%
HELE	C	0.04%
KN	B	0.04%
VRTS	B	0.04%
WKC	C	0.04%
ANDE	D	0.04%
JBGS	F	0.04%
NWN	A	0.04%
ELME	D	0.04%
BHE	C	0.04%
HP	C	0.04%
CENTA	C	0.04%
LC	A	0.04%
FTRE	D	0.04%
HMN	B	0.04%
NGVT	B	0.04%
NHC	C	0.04%
GEF	A	0.04%
LEG	F	0.04%
GTY	A	0.04%
HLIO	B	0.04%
NPAB	F	0.04%
CABO	B	0.04%
AVNS	F	0.03%
MMI	C	0.03%
THR	B	0.03%
FA	C	0.03%
XRX	F	0.03%
LGF.A	C	0.03%
SCSC	C	0.03%
CWEN	C	0.03%
BV	C	0.03%
OMI	F	0.03%
JACK	C	0.03%
MYGN	F	0.03%
BRKL	B	0.03%
DK	C	0.03%
DNUT	F	0.03%
RWT	D	0.03%
USM	B	0.03%
ODP	F	0.03%
MRC	B	0.03%
DAN	D	0.03%
CARS	C	0.03%
UA	C	0.03%
WMK	C	0.03%
SCS	C	0.03%
KWR	C	0.03%
INSW	F	0.03%
ECPG	C	0.03%
TRS	B	0.03%
INVA	D	0.03%
SNDR	B	0.03%
CBRL	C	0.03%
MD	C	0.03%
ACT	C	0.03%
KFRC	D	0.03%
FBRT	D	0.03%
CSR	B	0.03%
ATSG	B	0.03%
OXM	F	0.03%
HTLF	B	0.03%
VSAT	F	0.03%
NAVI	F	0.03%
SAFT	B	0.03%
RBRK	A	0.03%
CNNE	B	0.03%
MSGE	F	0.03%
KALU	C	0.03%
AIV	C	0.03%
JELD	F	0.03%
UNFI	A	0.03%
WOR	F	0.03%
VSTO	A	0.03%
GIII	D	0.03%
WWW	A	0.03%
BHLB	B	0.03%
PMT	C	0.03%
BKD	F	0.03%
UNIT	B	0.03%
AMRX	C	0.03%
UVV	B	0.03%
CMPR	D	0.02%
SVC	F	0.02%
ATUS	B	0.02%
DAWN	D	0.02%
CVI	F	0.02%
FOR	F	0.02%
NAPA	A	0.02%
CWH	B	0.02%
BASE	B	0.02%
HPP	F	0.02%
PUMP	C	0.02%
KELYA	F	0.02%
HY	D	0.02%
AXL	C	0.02%
BGS	F	0.02%
RGR	F	0.02%
KOP	C	0.02%
SWI	C	0.02%
MODG	F	0.02%
SEB	F	0.02%
BMBL	C	0.02%
MATW	C	0.02%
KREF	C	0.02%
PRLB	B	0.02%
ECVT	C	0.02%
AMWD	C	0.02%
ETWO	F	0.02%
XHR	B	0.02%
HLF	C	0.02%
ASTE	C	0.02%
CFFN	C	0.02%
PCRX	C	0.02%
WNC	C	0.02%
CMTG	F	0.02%
TMP	B	0.02%
SAH	C	0.02%
PRAA	D	0.02%
PRA	C	0.02%
MNRO	D	0.02%
HAIN	D	0.02%
BRSP	C	0.02%
MATV	D	0.02%
HCSG	C	0.02%
LEVI	F	0.02%
EMBC	C	0.02%
EYE	C	0.02%
DLX	B	0.02%
BDN	C	0.02%
JBLU	F	0.02%
OLPX	D	0.01%
OPK	C	0.01%
TWKS	B	0.01%
DIN	C	0.01%
CENT	C	0.01%
ALX	D	0.01%
CMP	C	0.01%
AMBC	C	0.01%
KRO	C	0.01%
TGI	B	0.01%
VREX	B	0.01%
SWBI	C	0.01%
CNDT	C	0.01%
ZIP	D	0.01%
TRTX	C	0.01%
SRCL	B	0.01%
HTZ	C	0.01%
CRCT	F	0.01%
WOOF	D	0.01%
NVRI	D	0.01%
INN	D	0.01%
RUSHB	C	0.01%
WRLD	C	0.01%
VMEO	B	0.01%
RMR	F	0.01%
EGBN	B	0.01%
GRC	A	0.01%
EE	A	0.01%
NABL	F	0.01%
SSTK	F	0.01%
PTVE	B	0.01%
BJRI	C	0.01%
FWRD	D	0.01%
USNA	C	0.01%
CCO	C	0.01%
CLB	B	0.01%
CLBK	C	0.01%
HTLD	C	0.01%
ARRY	F	0.01%
BFS	C	0.01%
SCHL	F	0.01%
TILE	B	0.01%
GCMG	B	0.01%
MXL	C	0.01%
LGF.A	C	0.01%
CAL	F	0.01%
GES	F	0.01%
SCWX	C	0.0%
AC	B	0.0%
AMCX	C	0.0%
ACDC	B	0.0%
TASK	C	0.0%
LESL	D	0.0%
LDI	C	0.0%
GEF	A	0.0%
NUS	D	0.0%
BRCC	F	0.0%

VBR Underweight 213 Positions Relative to SCHM

Symbol	Grade	Weight
UAL	A	-0.66%
TPL	A	-0.57%
EQT	B	-0.56%
HOOD	B	-0.51%
PKG	A	-0.47%
IP	A	-0.44%
DKNG	B	-0.43%
IBKR	A	-0.43%
SNA	A	-0.42%
FDS	B	-0.41%
NTRA	A	-0.4%
WSO	A	-0.4%
PODD	C	-0.4%
KEY	B	-0.39%
BURL	B	-0.38%
NTNX	B	-0.38%
PINS	F	-0.38%
RBA	A	-0.38%
MAS	D	-0.38%
TRMB	B	-0.38%
TOST	B	-0.37%
MANH	D	-0.37%
EG	C	-0.36%
DOCU	B	-0.36%
DT	D	-0.35%
LNT	A	-0.35%
FNF	B	-0.35%
FIX	A	-0.35%
GWRE	A	-0.35%
TXT	D	-0.35%
AVY	F	-0.35%
MRO	B	-0.35%
GGG	B	-0.34%
L	A	-0.34%
VTRS	A	-0.34%
TWLO	A	-0.34%
ENTG	D	-0.33%
FLEX	B	-0.33%
CASY	A	-0.33%
TW	A	-0.33%
NWSA	A	-0.32%
SOFI	B	-0.32%
NDSN	B	-0.31%
SAIA	B	-0.31%
AFRM	A	-0.3%
CW	C	-0.3%
POOL	C	-0.3%
TXRH	B	-0.29%
ELS	C	-0.29%
UDR	B	-0.29%
CLH	C	-0.28%
JKHY	D	-0.28%
FTI	A	-0.27%
BMRN	F	-0.27%
HST	C	-0.27%
INCY	C	-0.27%
WPC	C	-0.27%
DUOL	A	-0.26%
BWXT	B	-0.26%
OWL	A	-0.26%
LECO	C	-0.26%
DAY	B	-0.26%
AMH	C	-0.26%
NBIX	C	-0.26%
OKTA	C	-0.26%
SNAP	D	-0.25%
LBRDK	C	-0.25%
INSM	C	-0.25%
TECH	F	-0.24%
CTLT	C	-0.24%
PAYC	B	-0.24%
LW	C	-0.24%
CUBE	C	-0.24%
GNRC	C	-0.24%
FND	D	-0.24%
CHDN	B	-0.23%
KNSL	B	-0.23%
BLD	D	-0.23%
PCVX	D	-0.22%
HLI	A	-0.22%
EXEL	B	-0.22%
MKTX	D	-0.22%
SRPT	F	-0.22%
RPRX	D	-0.22%
WWD	C	-0.22%
EXP	B	-0.22%
IOT	A	-0.22%
WMS	F	-0.21%
WING	D	-0.21%
BRBR	A	-0.21%
TPX	B	-0.21%
CNH	C	-0.21%
CIEN	C	-0.21%
CRL	D	-0.21%
AAON	B	-0.2%
RBC	A	-0.2%
MORN	B	-0.2%
EXAS	D	-0.2%
GMED	A	-0.2%
REXR	F	-0.2%
RGLD	C	-0.2%
PEN	B	-0.2%
CHE	D	-0.19%
TTC	C	-0.19%
FN	C	-0.19%
WYNN	C	-0.19%
CPB	D	-0.19%
PCTY	C	-0.19%
HQY	A	-0.19%
RVMD	C	-0.19%
AOS	F	-0.19%
CRS	B	-0.19%
ROKU	D	-0.19%
MTCH	D	-0.18%
TKO	A	-0.18%
CZR	F	-0.18%
SKX	D	-0.18%
CE	F	-0.18%
PLNT	A	-0.18%
ENSG	C	-0.18%
CNM	D	-0.18%
ITCI	C	-0.18%
BILL	A	-0.18%
LNW	F	-0.18%
CRBG	B	-0.18%
S	B	-0.17%
GKOS	B	-0.17%
SSD	F	-0.17%
WH	B	-0.17%
SMAR	B	-0.17%
ONTO	F	-0.17%
MEDP	D	-0.17%
GXO	B	-0.16%
MTSI	B	-0.16%
MASI	B	-0.16%
COKE	C	-0.16%
ALV	C	-0.16%
BSY	F	-0.16%
EXLS	B	-0.16%
OLED	F	-0.16%
RYAN	A	-0.16%
FRPT	A	-0.16%
PCOR	B	-0.16%
CVLT	B	-0.16%
WEX	D	-0.16%
ESTC	C	-0.16%
TREX	C	-0.16%
SPSC	D	-0.15%
MTN	C	-0.15%
MTDR	B	-0.15%
CFLT	B	-0.15%
LSCC	D	-0.15%
CGNX	D	-0.15%
DAR	C	-0.15%
ELF	C	-0.15%
H	B	-0.15%
GNTX	C	-0.15%
GTLS	A	-0.15%
ATI	C	-0.15%
NOV	C	-0.14%
SITE	F	-0.14%
DBX	B	-0.14%
WSC	F	-0.14%
LSTR	D	-0.14%
RGEN	D	-0.14%
BRKR	D	-0.13%
ETSY	D	-0.13%
COLD	D	-0.13%
HALO	F	-0.13%
CROX	D	-0.13%
CHX	C	-0.13%
TRNO	F	-0.13%
CYTK	F	-0.13%
LFUS	D	-0.13%
WFRD	D	-0.13%
BFAM	D	-0.13%
NOVT	D	-0.13%
LNTH	D	-0.12%
QLYS	B	-0.12%
IONS	F	-0.12%
RMBS	B	-0.12%
PATH	C	-0.12%
OLLI	D	-0.12%
MMS	F	-0.11%
FIVE	F	-0.11%
HXL	F	-0.11%
ROIV	C	-0.11%
U	C	-0.11%
INSP	D	-0.11%
EEFT	B	-0.1%
CIVI	D	-0.1%
ALKS	C	-0.1%
RH	C	-0.1%
CELH	F	-0.09%
CRSP	D	-0.09%
DLB	B	-0.09%
LANC	C	-0.08%
W	D	-0.08%
OPCH	D	-0.08%
ALGM	D	-0.07%
VAL	F	-0.07%
RIG	D	-0.07%
CHH	A	-0.07%
AGR	A	-0.06%
APLS	F	-0.06%
CACC	D	-0.06%
TNET	F	-0.06%
SHC	F	-0.05%
RCM	A	-0.05%
LCID	F	-0.05%
CLVT	D	-0.04%
UI	B	-0.03%
CNA	C	-0.02%