VCEB vs. SPYV ETF Comparison

Comparison of Vanguard ESG U.S. Corporate Bond ETF (VCEB) to SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV)

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

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.67

Average Daily Volume

2,147,969

Number of Holdings ^*

433

* may have additional holdings in another (foreign) market

Performance

Period	VCEB	SPYV
30 Days	-0.25%	2.77%
60 Days	-2.76%	4.01%
90 Days	-1.73%	6.06%
12 Months	7.45%	26.94%

191 Overlapping Holdings

Symbol	Grade	Weight in VCEB	Weight in SPYV	Overlap
A	D	0.02%	0.18%	0.02%
ABBV	D	0.03%	0.88%	0.03%
ABT	B	0.03%	0.94%	0.03%
ADI	D	0.01%	0.2%	0.01%
ADM	D	0.02%	0.12%	0.02%
ADP	B	0.03%	0.35%	0.03%
AFL	B	0.05%	0.26%	0.05%
AIG	B	0.01%	0.23%	0.01%
AJG	B	0.02%	0.15%	0.02%
AMGN	D	0.01%	0.75%	0.01%
AMP	A	0.03%	0.12%	0.03%
AMT	D	0.01%	0.25%	0.01%
AON	A	0.01%	0.19%	0.01%
APD	A	0.02%	0.33%	0.02%
APH	A	0.02%	0.18%	0.02%
ARE	D	0.01%	0.08%	0.01%
AWK	D	0.02%	0.12%	0.02%
AXP	A	0.01%	0.23%	0.01%
AZO	C	0.04%	0.08%	0.04%
BAC	A	0.02%	1.45%	0.02%
BAX	D	0.02%	0.08%	0.02%
BDX	F	0.03%	0.31%	0.03%
BEN	C	0.02%	0.03%	0.02%
BG	F	0.03%	0.06%	0.03%
BIIB	F	0.01%	0.11%	0.01%
BK	A	0.01%	0.27%	0.01%
BLK	C	0.02%	0.68%	0.02%
BMY	B	0.03%	0.56%	0.03%
BR	A	0.02%	0.05%	0.02%
BSX	B	0.01%	0.27%	0.01%
BWA	D	0.03%	0.04%	0.03%
BXP	D	0.01%	0.05%	0.01%
C	A	0.01%	0.61%	0.01%
CAG	D	0.01%	0.06%	0.01%
CAH	B	0.02%	0.14%	0.02%
CARR	D	0.02%	0.15%	0.02%
CAT	B	0.01%	0.37%	0.01%
CB	C	0.01%	0.5%	0.01%
CCI	D	0.01%	0.21%	0.01%
CF	B	0.02%	0.03%	0.02%
CFG	B	0.03%	0.1%	0.03%
CHTR	C	0.02%	0.1%	0.02%
CI	F	0.01%	0.42%	0.01%
CMCSA	B	0.01%	0.79%	0.01%
CME	A	0.02%	0.24%	0.02%
CMI	A	0.02%	0.23%	0.02%
COF	B	0.01%	0.33%	0.01%
CPB	D	0.02%	0.04%	0.02%
CPT	B	0.04%	0.06%	0.04%
CSCO	B	0.02%	1.09%	0.02%
CTAS	B	0.04%	0.16%	0.04%
CVS	D	0.01%	0.32%	0.01%
DD	D	0.06%	0.16%	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%	0.08%	0.03%
DGX	A	0.03%	0.08%	0.03%
DHR	F	0.01%	0.72%	0.01%
DIS	B	0.01%	0.93%	0.01%
DLR	B	0.01%	0.15%	0.01%
DLTR	F	0.02%	0.06%	0.02%
DOC	D	0.03%	0.07%	0.03%
DOW	F	0.01%	0.15%	0.01%
EA	A	0.01%	0.1%	0.01%
EBAY	D	0.01%	0.14%	0.01%
EFX	F	0.02%	0.09%	0.02%
EG	C	0.03%	0.07%	0.03%
EMN	D	0.02%	0.06%	0.02%
EQIX	A	0.03%	0.21%	0.03%
EQR	B	0.03%	0.12%	0.03%
ETN	A	0.03%	0.26%	0.03%
FDX	B	0.01%	0.31%	0.01%
FIS	C	0.01%	0.23%	0.01%
FITB	A	0.02%	0.15%	0.02%
FOXA	B	0.01%	0.05%	0.01%
GILD	C	0.01%	0.54%	0.01%
GIS	D	0.03%	0.17%	0.03%
GLW	B	0.02%	0.17%	0.02%
GM	B	0.01%	0.3%	0.01%
GPN	B	0.01%	0.14%	0.01%
GS	A	0.01%	0.87%	0.01%
GWW	B	0.04%	0.06%	0.04%
HAS	D	0.03%	0.04%	0.03%
HBAN	A	0.02%	0.12%	0.02%
HCA	F	0.02%	0.16%	0.02%
HD	A	0.01%	1.19%	0.01%
HIG	B	0.02%	0.16%	0.02%
HPE	B	0.01%	0.13%	0.01%
HPQ	B	0.01%	0.17%	0.01%
HRL	D	0.02%	0.04%	0.02%
HST	C	0.02%	0.02%	0.02%
HUM	C	0.01%	0.16%	0.01%
IBM	C	0.02%	0.9%	0.02%
ICE	C	0.01%	0.42%	0.01%
IFF	D	0.03%	0.11%	0.03%
INTC	D	0.01%	0.5%	0.01%
ITW	B	0.03%	0.18%	0.03%
JNJ	D	0.01%	1.71%	0.01%
JPM	A	0.01%	3.22%	0.01%
K	A	0.03%	0.1%	0.03%
KDP	D	0.01%	0.18%	0.01%
KEY	B	0.01%	0.08%	0.01%
KMB	D	0.04%	0.21%	0.04%
KO	D	0.01%	0.69%	0.01%
LEN	D	0.04%	0.08%	0.04%
LH	C	0.03%	0.09%	0.03%
LOW	D	0.01%	0.72%	0.01%
LUV	C	0.01%	0.09%	0.01%
MA	C	0.03%	0.56%	0.03%
MCD	D	0.01%	0.56%	0.01%
MCHP	D	0.04%	0.07%	0.04%
MCK	B	0.02%	0.37%	0.02%
MDLZ	F	0.01%	0.24%	0.01%
MDT	D	0.05%	0.52%	0.05%
MET	A	0.01%	0.23%	0.01%
MKC	D	0.02%	0.09%	0.02%
MLM	B	0.02%	0.06%	0.02%
MMC	B	0.04%	0.25%	0.04%
MMM	D	0.01%	0.34%	0.01%
MOS	F	0.06%	0.04%	0.04%
MRK	F	0.01%	0.7%	0.01%
MS	A	0.01%	0.77%	0.01%
MSI	B	0.01%	0.16%	0.01%
MTB	A	0.07%	0.17%	0.07%
MU	D	0.03%	0.52%	0.03%
NEM	D	0.02%	0.22%	0.02%
NKE	D	0.01%	0.24%	0.01%
NTAP	C	0.02%	0.07%	0.02%
NTRS	A	0.03%	0.1%	0.03%
NXPI	D	0.01%	0.07%	0.01%
O	D	0.02%	0.23%	0.02%
OMC	C	0.02%	0.1%	0.02%
ORLY	B	0.03%	0.09%	0.03%
OTIS	C	0.04%	0.11%	0.04%
PEP	F	0.01%	0.68%	0.01%
PFE	D	0.01%	0.69%	0.01%
PG	A	0.01%	1.12%	0.01%
PGR	A	0.05%	0.35%	0.05%
PH	A	0.01%	0.09%	0.01%
PLD	D	0.01%	0.5%	0.01%
PNC	B	0.01%	0.39%	0.01%
PPG	F	0.03%	0.13%	0.03%
PRU	A	0.01%	0.21%	0.01%
PWR	A	0.03%	0.07%	0.03%
PYPL	B	0.01%	0.41%	0.01%
QCOM	F	0.01%	0.41%	0.01%
QRVO	F	0.02%	0.03%	0.02%
REGN	F	0.02%	0.16%	0.02%
RF	A	0.03%	0.11%	0.03%
RJF	A	0.02%	0.14%	0.02%
RL	B	0.02%	0.02%	0.02%
ROP	B	0.03%	0.16%	0.03%
RSG	A	0.01%	0.09%	0.01%
SBUX	A	0.02%	0.22%	0.02%
SCHW	B	0.01%	0.56%	0.01%
SHW	A	0.02%	0.21%	0.02%
SJM	D	0.03%	0.06%	0.03%
SPG	B	0.01%	0.16%	0.01%
STT	A	0.01%	0.13%	0.01%
SWK	D	0.02%	0.06%	0.02%
SYF	B	0.03%	0.12%	0.03%
SYK	C	0.01%	0.22%	0.01%
SYY	B	0.01%	0.17%	0.01%
T	A	0.01%	0.75%	0.01%
TFC	A	0.01%	0.29%	0.01%
TGT	F	0.01%	0.33%	0.01%
TJX	A	0.07%	0.22%	0.07%
TMO	F	0.01%	0.59%	0.01%
TMUS	B	0.01%	0.55%	0.01%
TRV	B	0.02%	0.27%	0.02%
TSN	B	0.01%	0.09%	0.01%
TT	A	0.02%	0.13%	0.02%
TXN	C	0.01%	0.56%	0.01%
UHS	D	0.02%	0.06%	0.02%
UNH	C	0.01%	1.59%	0.01%
UPS	C	0.01%	0.46%	0.01%
USB	A	0.01%	0.37%	0.01%
V	A	0.02%	0.82%	0.02%
VMC	B	0.02%	0.06%	0.02%
VRSK	A	0.04%	0.09%	0.04%
VRSN	F	0.03%	0.04%	0.03%
VTR	C	0.02%	0.12%	0.02%
VTRS	A	0.01%	0.07%	0.01%
VZ	C	0.02%	0.81%	0.02%
WAB	B	0.03%	0.16%	0.03%
WBA	F	0.02%	0.03%	0.02%
WELL	A	0.01%	0.36%	0.01%
WM	A	0.01%	0.2%	0.01%
ZBH	C	0.03%	0.1%	0.03%
ZTS	D	0.01%	0.17%	0.01%

VCEB Overweight 54 Positions Relative to SPYV

Symbol	Grade	Weight
DT	C	0.19%
WEST	C	0.06%
EQH	B	0.05%
NOW	A	0.04%
STLA	F	0.04%
EXPE	B	0.04%
FTV	C	0.03%
CMA	A	0.03%
ACGL	D	0.03%
NVR	D	0.03%
LLY	F	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%
BKNG	A	0.02%
CRM	B	0.02%
BABA	D	0.02%
DB	D	0.02%
GOOGL	C	0.02%
HSBC	B	0.02%
AVGO	D	0.02%
GSK	F	0.02%
AZN	D	0.02%
ORCL	B	0.02%
EXP	A	0.01%
GLPI	C	0.01%
WB	D	0.01%
MRVL	B	0.01%
AMAT	F	0.01%
BRX	A	0.01%
MAR	B	0.01%
RPRX	D	0.01%
KLAC	D	0.01%
BMO	A	0.01%
BERY	B	0.01%
CM	A	0.01%
AER	B	0.01%
ADBE	C	0.01%
NVDA	C	0.01%
BNS	A	0.01%
AL	B	0.01%
LRCX	F	0.01%
TD	F	0.01%
NWG	C	0.01%
MUFG	B	0.01%
RY	A	0.01%
AMZN	C	0.01%
AAPL	C	0.01%
MSFT	F	0.01%

VCEB Underweight 242 Positions Relative to SPYV

Symbol	Grade	Weight
BRK.A	B	-4.01%
XOM	B	-2.51%
WMT	A	-1.72%
CVX	A	-1.29%
WFC	A	-1.16%
COST	B	-1.11%
RTX	C	-0.74%
NEE	D	-0.72%
HON	B	-0.7%
PM	B	-0.59%
LMT	D	-0.54%
GE	D	-0.52%
ACN	C	-0.49%
LIN	D	-0.49%
ELV	F	-0.44%
MO	A	-0.44%
SO	D	-0.44%
SPGI	C	-0.43%
DUK	C	-0.4%
UNP	C	-0.37%
EMR	A	-0.35%
GD	F	-0.35%
NOC	D	-0.32%
ISRG	A	-0.3%
SLB	C	-0.29%
NSC	B	-0.28%
JCI	C	-0.27%
SRE	A	-0.27%
FI	A	-0.27%
BA	F	-0.26%
PSX	C	-0.25%
GEV	B	-0.24%
ALL	A	-0.24%
KMI	A	-0.24%
AEP	D	-0.23%
LHX	C	-0.22%
D	C	-0.22%
PCG	A	-0.21%
VLO	C	-0.21%
VRTX	F	-0.21%
KVUE	A	-0.21%
CL	D	-0.21%
COR	B	-0.2%
BKR	B	-0.2%
F	C	-0.2%
PEG	A	-0.2%
CBRE	B	-0.19%
CTVA	C	-0.19%
MCO	B	-0.19%
CTSH	B	-0.19%
COP	C	-0.19%
WMB	A	-0.19%
GEHC	F	-0.18%
STZ	D	-0.18%
EXC	C	-0.18%
XEL	A	-0.18%
CEG	D	-0.18%
KR	B	-0.18%
BX	A	-0.17%
RMD	C	-0.16%
OXY	D	-0.16%
CSX	B	-0.16%
EXR	D	-0.16%
FCX	D	-0.15%
ETR	B	-0.15%
ADSK	A	-0.15%
EIX	B	-0.15%
WTW	B	-0.15%
NDAQ	A	-0.15%
AVB	B	-0.15%
VICI	C	-0.15%
ED	D	-0.15%
XYL	D	-0.14%
ABNB	C	-0.14%
UAL	A	-0.14%
PSA	D	-0.14%
WEC	A	-0.14%
ECL	D	-0.14%
CNC	D	-0.14%
TROW	B	-0.13%
KEYS	A	-0.13%
DOV	A	-0.13%
KHC	F	-0.13%
PAYX	C	-0.13%
PPL	B	-0.12%
DVN	F	-0.12%
DTE	C	-0.12%
SW	A	-0.12%
EW	C	-0.12%
VLTO	D	-0.12%
EQT	B	-0.12%
EOG	A	-0.12%
HAL	C	-0.12%
WY	D	-0.11%
LDOS	C	-0.11%
AME	A	-0.11%
CINF	A	-0.11%
FAST	B	-0.11%
MPC	D	-0.11%
OKE	A	-0.11%
AEE	A	-0.11%
ZBRA	B	-0.1%
CLX	B	-0.1%
MSCI	C	-0.1%
WDC	D	-0.1%
YUM	B	-0.1%
FSLR	F	-0.1%
FE	C	-0.1%
PKG	A	-0.1%
LYB	F	-0.1%
IQV	D	-0.1%
ES	D	-0.1%
WBD	C	-0.1%
TDY	B	-0.1%
ATO	A	-0.1%
DAL	C	-0.09%
PFG	D	-0.09%
MAA	B	-0.09%
BALL	D	-0.09%
NRG	B	-0.09%
INVH	D	-0.09%
HWM	A	-0.09%
ESS	B	-0.09%
CNP	B	-0.09%
IP	B	-0.09%
CMS	C	-0.09%
ON	D	-0.08%
TXT	D	-0.08%
NI	A	-0.08%
AVY	D	-0.08%
GEN	B	-0.08%
IRM	D	-0.08%
PCAR	B	-0.08%
MTD	D	-0.08%
HSY	F	-0.08%
KIM	A	-0.08%
ROK	B	-0.08%
TRMB	B	-0.08%
GPC	D	-0.08%
TSCO	D	-0.08%
TER	D	-0.08%
IEX	B	-0.08%
CSGP	D	-0.08%
J	F	-0.08%
WRB	A	-0.08%
BBY	D	-0.08%
HOLX	D	-0.08%
CDW	F	-0.07%
NDSN	B	-0.07%
SBAC	D	-0.07%
WAT	B	-0.07%
FFIV	B	-0.07%
RVTY	F	-0.07%
CHD	B	-0.07%
APTV	D	-0.07%
EVRG	A	-0.07%
AMCR	D	-0.07%
TTWO	A	-0.07%
JBHT	C	-0.07%
GRMN	B	-0.07%
L	A	-0.07%
EL	F	-0.07%
LNT	A	-0.07%
IDXX	F	-0.07%
MNST	C	-0.07%
ALB	C	-0.06%
STX	D	-0.06%
REG	B	-0.06%
KMX	B	-0.06%
INCY	C	-0.06%
JKHY	D	-0.06%
JNPR	F	-0.06%
HUBB	B	-0.06%
ANSS	B	-0.06%
NUE	C	-0.06%
CHRW	C	-0.06%
TPR	B	-0.06%
SWKS	F	-0.06%
MRNA	F	-0.06%
UDR	B	-0.06%
IR	B	-0.05%
STE	F	-0.05%
GL	B	-0.05%
AES	F	-0.05%
FDS	B	-0.05%
MKTX	D	-0.05%
CRL	C	-0.05%
LKQ	D	-0.05%
PNW	B	-0.05%
SNA	A	-0.05%
CTLT	B	-0.05%
EXPD	D	-0.05%
IPG	D	-0.05%
TAP	C	-0.05%
NWSA	B	-0.05%
AIZ	A	-0.05%
PODD	C	-0.05%
TECH	D	-0.05%
DXCM	D	-0.05%
ALLE	D	-0.04%
MRO	B	-0.04%
HII	D	-0.04%
MAS	D	-0.04%
IVZ	B	-0.04%
ROL	B	-0.04%
MTCH	D	-0.04%
EPAM	C	-0.04%
HSIC	B	-0.04%
FRT	B	-0.04%
TFX	F	-0.04%
PTC	A	-0.04%
DPZ	C	-0.04%
SOLV	C	-0.04%
DRI	B	-0.04%
ENPH	F	-0.03%
DAY	B	-0.03%
BRO	B	-0.03%
FOX	A	-0.03%
POOL	C	-0.03%
ULTA	F	-0.03%
PAYC	B	-0.03%
CTRA	B	-0.03%
LVS	C	-0.03%
JBL	B	-0.03%
PARA	C	-0.03%
FMC	D	-0.03%
ALGN	D	-0.03%
AKAM	D	-0.03%
CCL	B	-0.03%
STLD	B	-0.03%
MHK	D	-0.03%
MOH	F	-0.03%
CBOE	B	-0.03%
AOS	F	-0.02%
CZR	F	-0.02%
NWS	B	-0.02%
LW	C	-0.02%
ERIE	D	-0.02%
GNRC	B	-0.02%
PNR	A	-0.02%
MGM	D	-0.01%
DVA	B	-0.01%