VCEB vs. SPY ETF Comparison

Comparison of Vanguard ESG U.S. Corporate Bond ETF (VCEB) to SPDR S&P 500 (SPY)

VCEB

Vanguard ESG U.S. Corporate Bond ETF

VCEB Description

The investment seeks to track the performance of the Bloomberg Barclays MSCI US Corporate SRI Select Index (the ?index?). The index excludes bonds with maturities of 1 year or less and with less than $750 million outstanding, and is screened for certain environmental, social, and governance (ESG) criteria by the index provider, which is independent of Vanguard. All of the fund?s investments will be selected through the sampling process, and under normal circumstances, at least 80% of the fund?s assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$62.73

Average Daily Volume

37,148

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$595.51

Average Daily Volume

43,227,909

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	VCEB	SPY
30 Days	-0.25%	3.03%
60 Days	-2.76%	4.54%
90 Days	-1.73%	6.26%
12 Months	7.45%	32.65%

211 Overlapping Holdings

Symbol	Grade	Weight in VCEB	Weight in SPY	Overlap
A	D	0.02%	0.08%	0.02%
AAPL	C	0.01%	6.89%	0.01%
ABBV	D	0.03%	0.6%	0.03%
ABT	B	0.03%	0.4%	0.03%
ACGL	D	0.03%	0.07%	0.03%
ADBE	C	0.01%	0.47%	0.01%
ADI	D	0.01%	0.21%	0.01%
ADM	D	0.02%	0.05%	0.02%
ADP	B	0.03%	0.24%	0.03%
AFL	B	0.05%	0.11%	0.05%
AIG	B	0.01%	0.1%	0.01%
AJG	B	0.02%	0.13%	0.02%
AMAT	F	0.01%	0.31%	0.01%
AMGN	D	0.01%	0.32%	0.01%
AMP	A	0.03%	0.11%	0.03%
AMT	D	0.01%	0.18%	0.01%
AMZN	C	0.01%	3.92%	0.01%
AON	A	0.01%	0.16%	0.01%
APD	A	0.02%	0.14%	0.02%
APH	A	0.02%	0.17%	0.02%
ARE	D	0.01%	0.03%	0.01%
AVGO	D	0.02%	1.58%	0.02%
AWK	D	0.02%	0.05%	0.02%
AXP	A	0.01%	0.32%	0.01%
AZO	C	0.04%	0.11%	0.04%
BAC	A	0.02%	0.62%	0.02%
BAX	D	0.02%	0.03%	0.02%
BDX	F	0.03%	0.13%	0.03%
BEN	C	0.02%	0.01%	0.01%
BG	F	0.03%	0.02%	0.02%
BIIB	F	0.01%	0.05%	0.01%
BK	A	0.01%	0.11%	0.01%
BKNG	A	0.02%	0.33%	0.02%
BLK	C	0.02%	0.29%	0.02%
BMY	B	0.03%	0.24%	0.03%
BR	A	0.02%	0.05%	0.02%
BSX	B	0.01%	0.26%	0.01%
BWA	D	0.03%	0.02%	0.02%
BXP	D	0.01%	0.02%	0.01%
C	A	0.01%	0.26%	0.01%
CAG	D	0.01%	0.03%	0.01%
CAH	B	0.02%	0.06%	0.02%
CARR	D	0.02%	0.13%	0.02%
CAT	B	0.01%	0.37%	0.01%
CB	C	0.01%	0.21%	0.01%
CCI	D	0.01%	0.09%	0.01%
CF	B	0.02%	0.03%	0.02%
CFG	B	0.03%	0.04%	0.03%
CHTR	C	0.02%	0.08%	0.02%
CI	F	0.01%	0.18%	0.01%
CMCSA	B	0.01%	0.33%	0.01%
CME	A	0.02%	0.16%	0.02%
CMI	A	0.02%	0.1%	0.02%
COF	B	0.01%	0.14%	0.01%
CPB	D	0.02%	0.02%	0.02%
CPT	B	0.04%	0.03%	0.03%
CRM	B	0.02%	0.64%	0.02%
CSCO	B	0.02%	0.46%	0.02%
CTAS	B	0.04%	0.15%	0.04%
CVS	D	0.01%	0.14%	0.01%
DD	D	0.06%	0.07%	0.06%
DE	A	0.02%	0.2%	0.02%
DELL	C	0.01%	0.08%	0.01%
DFS	B	0.01%	0.09%	0.01%
DG	F	0.03%	0.03%	0.03%
DGX	A	0.03%	0.03%	0.03%
DHR	F	0.01%	0.31%	0.01%
DIS	B	0.01%	0.39%	0.01%
DLR	B	0.01%	0.11%	0.01%
DLTR	F	0.02%	0.03%	0.02%
DOC	D	0.03%	0.03%	0.03%
DOW	F	0.01%	0.06%	0.01%
EA	A	0.01%	0.08%	0.01%
EBAY	D	0.01%	0.06%	0.01%
EFX	F	0.02%	0.06%	0.02%
EG	C	0.03%	0.03%	0.03%
EMN	D	0.02%	0.02%	0.02%
EQIX	A	0.03%	0.17%	0.03%
EQR	B	0.03%	0.05%	0.03%
ETN	A	0.03%	0.29%	0.03%
EXPE	B	0.04%	0.05%	0.04%
FDX	B	0.01%	0.13%	0.01%
FIS	C	0.01%	0.1%	0.01%
FITB	A	0.02%	0.06%	0.02%
FOXA	B	0.01%	0.02%	0.01%
FTV	C	0.03%	0.05%	0.03%
GILD	C	0.01%	0.23%	0.01%
GIS	D	0.03%	0.07%	0.03%
GLW	B	0.02%	0.07%	0.02%
GM	B	0.01%	0.13%	0.01%
GOOGL	C	0.02%	2.04%	0.02%
GPN	B	0.01%	0.06%	0.01%
GS	A	0.01%	0.37%	0.01%
GWW	B	0.04%	0.1%	0.04%
HAS	D	0.03%	0.02%	0.02%
HBAN	A	0.02%	0.05%	0.02%
HCA	F	0.02%	0.13%	0.02%
HD	A	0.01%	0.8%	0.01%
HIG	B	0.02%	0.07%	0.02%
HPE	B	0.01%	0.06%	0.01%
HPQ	B	0.01%	0.07%	0.01%
HRL	D	0.02%	0.02%	0.02%
HST	C	0.02%	0.02%	0.02%
HUM	C	0.01%	0.07%	0.01%
IBM	C	0.02%	0.38%	0.02%
ICE	C	0.01%	0.18%	0.01%
IFF	D	0.03%	0.05%	0.03%
INTC	D	0.01%	0.21%	0.01%
ITW	B	0.03%	0.14%	0.03%
JNJ	D	0.01%	0.73%	0.01%
JPM	A	0.01%	1.37%	0.01%
K	A	0.03%	0.04%	0.03%
KDP	D	0.01%	0.07%	0.01%
KEY	B	0.01%	0.04%	0.01%
KLAC	D	0.01%	0.17%	0.01%
KMB	D	0.04%	0.09%	0.04%
KO	D	0.01%	0.48%	0.01%
LEN	D	0.04%	0.08%	0.04%
LH	C	0.03%	0.04%	0.03%
LLY	F	0.03%	1.23%	0.03%
LOW	D	0.01%	0.31%	0.01%
LRCX	F	0.01%	0.19%	0.01%
LUV	C	0.01%	0.04%	0.01%
MA	C	0.03%	0.85%	0.03%
MAR	B	0.01%	0.13%	0.01%
MCD	D	0.01%	0.43%	0.01%
MCHP	D	0.04%	0.07%	0.04%
MCK	B	0.02%	0.16%	0.02%
MDLZ	F	0.01%	0.17%	0.01%
MDT	D	0.05%	0.22%	0.05%
MET	A	0.01%	0.1%	0.01%
MKC	D	0.02%	0.04%	0.02%
MLM	B	0.02%	0.07%	0.02%
MMC	B	0.04%	0.22%	0.04%
MMM	D	0.01%	0.14%	0.01%
MOS	F	0.06%	0.02%	0.02%
MRK	F	0.01%	0.5%	0.01%
MS	A	0.01%	0.33%	0.01%
MSFT	F	0.01%	6.3%	0.01%
MSI	B	0.01%	0.16%	0.01%
MTB	A	0.07%	0.07%	0.07%
MU	D	0.03%	0.22%	0.03%
NEM	D	0.02%	0.09%	0.02%
NKE	D	0.01%	0.18%	0.01%
NOW	A	0.04%	0.43%	0.04%
NTAP	C	0.02%	0.05%	0.02%
NTRS	A	0.03%	0.04%	0.03%
NVDA	C	0.01%	7.17%	0.01%
NVR	D	0.03%	0.06%	0.03%
NXPI	D	0.01%	0.11%	0.01%
O	D	0.02%	0.1%	0.02%
OMC	C	0.02%	0.04%	0.02%
ORCL	B	0.02%	0.59%	0.02%
ORLY	B	0.03%	0.14%	0.03%
OTIS	C	0.04%	0.08%	0.04%
PEP	F	0.01%	0.45%	0.01%
PFE	D	0.01%	0.29%	0.01%
PG	A	0.01%	0.78%	0.01%
PGR	A	0.05%	0.3%	0.05%
PH	A	0.01%	0.18%	0.01%
PLD	D	0.01%	0.21%	0.01%
PNC	B	0.01%	0.16%	0.01%
PPG	F	0.03%	0.06%	0.03%
PRU	A	0.01%	0.09%	0.01%
PWR	A	0.03%	0.09%	0.03%
PYPL	B	0.01%	0.17%	0.01%
QCOM	F	0.01%	0.36%	0.01%
QRVO	F	0.02%	0.01%	0.01%
REGN	F	0.02%	0.16%	0.02%
RF	A	0.03%	0.05%	0.03%
RJF	A	0.02%	0.06%	0.02%
RL	B	0.02%	0.02%	0.02%
ROP	B	0.03%	0.12%	0.03%
RSG	A	0.01%	0.08%	0.01%
SBUX	A	0.02%	0.22%	0.02%
SCHW	B	0.01%	0.24%	0.01%
SHW	A	0.02%	0.18%	0.02%
SJM	D	0.03%	0.02%	0.02%
SPG	B	0.01%	0.11%	0.01%
STT	A	0.01%	0.06%	0.01%
SWK	D	0.02%	0.03%	0.02%
SYF	B	0.03%	0.05%	0.03%
SYK	C	0.01%	0.26%	0.01%
SYY	B	0.01%	0.07%	0.01%
T	A	0.01%	0.32%	0.01%
TFC	A	0.01%	0.12%	0.01%
TGT	F	0.01%	0.14%	0.01%
TJX	A	0.07%	0.27%	0.07%
TMO	F	0.01%	0.4%	0.01%
TMUS	B	0.01%	0.23%	0.01%
TRV	B	0.02%	0.12%	0.02%
TSN	B	0.01%	0.04%	0.01%
TT	A	0.02%	0.18%	0.02%
TXN	C	0.01%	0.37%	0.01%
UHS	D	0.02%	0.02%	0.02%
UNH	C	0.01%	1.09%	0.01%
UPS	C	0.01%	0.19%	0.01%
USB	A	0.01%	0.16%	0.01%
V	A	0.02%	1.02%	0.02%
VMC	B	0.02%	0.07%	0.02%
VRSK	A	0.04%	0.08%	0.04%
VRSN	F	0.03%	0.03%	0.03%
VTR	C	0.02%	0.05%	0.02%
VTRS	A	0.01%	0.03%	0.01%
VZ	C	0.02%	0.34%	0.02%
WAB	B	0.03%	0.07%	0.03%
WBA	F	0.02%	0.01%	0.01%
WELL	A	0.01%	0.15%	0.01%
WM	A	0.01%	0.16%	0.01%
ZBH	C	0.03%	0.04%	0.03%
ZTS	D	0.01%	0.16%	0.01%

VCEB Overweight 34 Positions Relative to SPY

Symbol	Grade	Weight
DT	C	0.19%
WEST	C	0.06%
EQH	B	0.05%
STLA	F	0.04%
CMA	A	0.03%
BHF	B	0.03%
ALLY	C	0.03%
VOD	F	0.03%
HUN	F	0.02%
LEA	D	0.02%
XRAY	F	0.02%
CSL	C	0.02%
VFC	C	0.02%
BABA	D	0.02%
DB	D	0.02%
HSBC	B	0.02%
GSK	F	0.02%
AZN	D	0.02%
EXP	A	0.01%
GLPI	C	0.01%
WB	D	0.01%
MRVL	B	0.01%
BRX	A	0.01%
RPRX	D	0.01%
BMO	A	0.01%
BERY	B	0.01%
CM	A	0.01%
AER	B	0.01%
BNS	A	0.01%
AL	B	0.01%
TD	F	0.01%
NWG	C	0.01%
MUFG	B	0.01%
RY	A	0.01%

VCEB Underweight 288 Positions Relative to SPY

Symbol	Grade	Weight
META	D	-2.5%
TSLA	B	-1.72%
BRK.A	B	-1.7%
GOOG	C	-1.69%
XOM	B	-1.06%
COST	B	-0.81%
WMT	A	-0.73%
NFLX	A	-0.71%
CVX	A	-0.55%
WFC	A	-0.49%
AMD	F	-0.45%
ACN	C	-0.45%
LIN	D	-0.43%
PM	B	-0.4%
INTU	C	-0.39%
ISRG	A	-0.38%
GE	D	-0.38%
SPGI	C	-0.32%
NEE	D	-0.31%
RTX	C	-0.31%
UBER	D	-0.3%
HON	B	-0.3%
UNP	C	-0.28%
BX	A	-0.26%
COP	C	-0.26%
VRTX	F	-0.25%
PANW	C	-0.25%
PLTR	B	-0.24%
FI	A	-0.24%
LMT	D	-0.23%
ANET	C	-0.2%
BA	F	-0.2%
KKR	A	-0.2%
ELV	F	-0.19%
MO	A	-0.19%
SO	D	-0.19%
GEV	B	-0.18%
SNPS	B	-0.17%
DUK	C	-0.17%
CRWD	B	-0.16%
CMG	B	-0.16%
CDNS	B	-0.16%
EMR	A	-0.15%
CL	D	-0.15%
GD	F	-0.15%
MCO	B	-0.15%
EOG	A	-0.15%
NOC	D	-0.14%
CSX	B	-0.14%
CEG	D	-0.14%
TDG	D	-0.14%
OKE	A	-0.13%
ADSK	A	-0.13%
WMB	A	-0.13%
ABNB	C	-0.12%
NSC	B	-0.12%
FTNT	C	-0.12%
PCAR	B	-0.12%
HLT	A	-0.12%
SLB	C	-0.12%
FCX	D	-0.12%
ECL	D	-0.12%
MPC	D	-0.11%
PSX	C	-0.11%
RCL	A	-0.11%
URI	B	-0.11%
FICO	B	-0.11%
JCI	C	-0.11%
SRE	A	-0.11%
DHI	D	-0.1%
AEP	D	-0.1%
CPRT	A	-0.1%
KMI	A	-0.1%
ALL	A	-0.1%
PSA	D	-0.1%
BKR	B	-0.09%
F	C	-0.09%
PEG	A	-0.09%
AXON	A	-0.09%
AME	A	-0.09%
VLO	C	-0.09%
PCG	A	-0.09%
KVUE	A	-0.09%
HWM	A	-0.09%
PAYX	C	-0.09%
FAST	B	-0.09%
LHX	C	-0.09%
D	C	-0.09%
ROST	C	-0.09%
VST	B	-0.09%
MSCI	C	-0.09%
GEHC	F	-0.08%
STZ	D	-0.08%
LULU	C	-0.08%
EXC	C	-0.08%
XEL	A	-0.08%
YUM	B	-0.08%
KR	B	-0.08%
MNST	C	-0.08%
CTVA	C	-0.08%
CBRE	B	-0.08%
EW	C	-0.08%
CTSH	B	-0.08%
HES	B	-0.08%
IT	C	-0.08%
IR	B	-0.08%
DAL	C	-0.08%
TRGP	B	-0.08%
ODFL	B	-0.08%
COR	B	-0.08%
VICI	C	-0.07%
ED	D	-0.07%
IRM	D	-0.07%
RMD	C	-0.07%
OXY	D	-0.07%
FANG	D	-0.07%
EXR	D	-0.07%
NUE	C	-0.07%
IDXX	F	-0.07%
IQV	D	-0.07%
DOV	A	-0.06%
KHC	F	-0.06%
MPWR	F	-0.06%
ON	D	-0.06%
XYL	D	-0.06%
TTWO	A	-0.06%
ANSS	B	-0.06%
TSCO	D	-0.06%
DXCM	D	-0.06%
UAL	A	-0.06%
WEC	A	-0.06%
CSGP	D	-0.06%
CNC	D	-0.06%
ETR	B	-0.06%
EIX	B	-0.06%
WTW	B	-0.06%
NDAQ	A	-0.06%
AVB	B	-0.06%
ROK	B	-0.06%
GRMN	B	-0.06%
PTC	A	-0.05%
CINF	A	-0.05%
SBAC	D	-0.05%
HUBB	B	-0.05%
AEE	A	-0.05%
CDW	F	-0.05%
PPL	B	-0.05%
WST	C	-0.05%
CCL	B	-0.05%
DVN	F	-0.05%
DTE	C	-0.05%
SW	A	-0.05%
EQT	B	-0.05%
VLTO	D	-0.05%
CPAY	A	-0.05%
BRO	B	-0.05%
GDDY	A	-0.05%
MTD	D	-0.05%
TYL	B	-0.05%
CHD	B	-0.05%
HSY	F	-0.05%
HAL	C	-0.05%
TROW	B	-0.05%
KEYS	A	-0.05%
PHM	D	-0.05%
DECK	A	-0.05%
J	F	-0.04%
WRB	A	-0.04%
MOH	F	-0.04%
BBY	D	-0.04%
HOLX	D	-0.04%
ULTA	F	-0.04%
PODD	C	-0.04%
MAA	B	-0.04%
PFG	D	-0.04%
CTRA	B	-0.04%
BALL	D	-0.04%
FDS	B	-0.04%
SNA	A	-0.04%
NRG	B	-0.04%
INVH	D	-0.04%
ESS	B	-0.04%
CNP	B	-0.04%
IP	B	-0.04%
STLD	B	-0.04%
DRI	B	-0.04%
CMS	C	-0.04%
LYV	A	-0.04%
ZBRA	B	-0.04%
STX	D	-0.04%
CLX	B	-0.04%
WDC	D	-0.04%
CBOE	B	-0.04%
FSLR	F	-0.04%
FE	C	-0.04%
PKG	A	-0.04%
BLDR	D	-0.04%
LYB	F	-0.04%
STE	F	-0.04%
ES	D	-0.04%
WBD	C	-0.04%
TDY	B	-0.04%
WAT	B	-0.04%
ATO	A	-0.04%
WY	D	-0.04%
LDOS	C	-0.04%
JNPR	F	-0.03%
CHRW	C	-0.03%
TPR	B	-0.03%
UDR	B	-0.03%
AKAM	D	-0.03%
SWKS	F	-0.03%
MRNA	F	-0.03%
POOL	C	-0.03%
EPAM	C	-0.03%
NDSN	B	-0.03%
ROL	B	-0.03%
FFIV	B	-0.03%
RVTY	F	-0.03%
APTV	D	-0.03%
EVRG	A	-0.03%
JBL	B	-0.03%
AMCR	D	-0.03%
JBHT	C	-0.03%
L	A	-0.03%
EL	F	-0.03%
LNT	A	-0.03%
DPZ	C	-0.03%
ALGN	D	-0.03%
AVY	D	-0.03%
TXT	D	-0.03%
MRO	B	-0.03%
NI	A	-0.03%
GEN	B	-0.03%
KIM	A	-0.03%
EXPD	D	-0.03%
LVS	C	-0.03%
GPC	D	-0.03%
TRMB	B	-0.03%
MAS	D	-0.03%
IEX	B	-0.03%
TER	D	-0.03%
PNR	A	-0.03%
HII	D	-0.02%
IVZ	B	-0.02%
MTCH	D	-0.02%
CE	F	-0.02%
APA	D	-0.02%
CZR	F	-0.02%
HSIC	B	-0.02%
FRT	B	-0.02%
ENPH	F	-0.02%
MGM	D	-0.02%
WYNN	D	-0.02%
AOS	F	-0.02%
TFX	F	-0.02%
SMCI	F	-0.02%
SOLV	C	-0.02%
GL	B	-0.02%
AES	F	-0.02%
MKTX	D	-0.02%
ERIE	D	-0.02%
CRL	C	-0.02%
LKQ	D	-0.02%
PNW	B	-0.02%
CTLT	B	-0.02%
PAYC	B	-0.02%
IPG	D	-0.02%
NWSA	B	-0.02%
TAP	C	-0.02%
AIZ	A	-0.02%
GNRC	B	-0.02%
TECH	D	-0.02%
LW	C	-0.02%
NCLH	B	-0.02%
ALB	C	-0.02%
REG	B	-0.02%
DAY	B	-0.02%
KMX	B	-0.02%
ALLE	D	-0.02%
INCY	C	-0.02%
JKHY	D	-0.02%
NWS	B	-0.01%
FOX	A	-0.01%
PARA	C	-0.01%
FMC	D	-0.01%
DVA	B	-0.01%
MHK	D	-0.01%