VCLT vs. QARP ETF Comparison

Comparison of Vanguard Long-Term Corporate Bond ETF (VCLT) to Xtrackers Russell 1000 US QARP ETF (QARP)

VCLT

Vanguard Long-Term Corporate Bond ETF

VCLT Description

The investment seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 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 greater than 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

$81.48

Average Daily Volume

2,395,360

Number of Holdings ^*

339

* may have additional holdings in another (foreign) market

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.86

Average Daily Volume

19,344

Number of Holdings ^*

344

* may have additional holdings in another (foreign) market

Performance

Period	VCLT	QARP
30 Days	1.43%	1.80%
60 Days	7.47%	5.36%
90 Days	6.69%	5.35%
12 Months	16.30%	26.46%

130 Overlapping Holdings

Symbol	Grade	Weight in VCLT	Weight in QARP	Overlap
AAL	D	0.03%	0.03%	0.03%
AAPL	C	0.04%	5.03%	0.04%
ABBV	C	0.03%	0.02%	0.02%
ABT	C	0.03%	0.22%	0.03%
ACGL	B	0.01%	0.27%	0.01%
ADI	C	0.02%	0.1%	0.02%
ADM	D	0.01%	0.32%	0.01%
ALB	D	0.01%	0.02%	0.01%
AMAT	D	0.03%	0.83%	0.03%
AMGN	B	0.01%	0.03%	0.01%
AMZN	C	0.05%	3.68%	0.05%
AON	B	0.01%	0.32%	0.01%
APTV	D	0.01%	0.06%	0.01%
ATO	B	0.01%	0.07%	0.01%
BIIB	F	0.05%	0.02%	0.02%
BMY	C	0.03%	0.53%	0.03%
BWA	D	0.01%	0.06%	0.01%
CAH	C	0.01%	0.38%	0.01%
CAT	B	0.01%	0.66%	0.01%
CF	B	0.03%	0.13%	0.03%
CHTR	D	0.03%	0.12%	0.03%
CI	C	0.02%	0.62%	0.02%
CINF	B	0.02%	0.09%	0.02%
CL	C	0.02%	0.24%	0.02%
CMCSA	C	0.01%	0.82%	0.01%
CMI	B	0.02%	0.23%	0.02%
CNP	C	0.01%	0.04%	0.01%
COP	D	0.02%	0.78%	0.02%
COST	B	0.06%	2.33%	0.06%
CPB	C	0.02%	0.02%	0.02%
CSCO	B	0.07%	1.8%	0.07%
CSX	D	0.01%	0.07%	0.01%
CVS	F	0.01%	0.2%	0.01%
CVX	D	0.02%	1.42%	0.02%
DD	B	0.07%	0.02%	0.02%
DE	B	0.02%	0.26%	0.02%
DOW	D	0.02%	0.08%	0.02%
DRI	B	0.01%	0.14%	0.01%
DVN	D	0.03%	0.18%	0.03%
EA	D	0.01%	0.18%	0.01%
EBAY	B	0.03%	0.09%	0.03%
EG	C	0.02%	0.06%	0.02%
EL	F	0.01%	0.03%	0.01%
EOG	D	0.01%	0.48%	0.01%
FANG	D	0.03%	0.19%	0.03%
FDX	F	0.01%	0.35%	0.01%
FOXA	B	0.07%	0.03%	0.03%
GILD	B	0.02%	0.31%	0.02%
GIS	C	0.01%	0.1%	0.01%
GM	C	0.01%	0.22%	0.01%
GOOGL	D	0.04%	2.24%	0.04%
GWW	A	0.02%	0.25%	0.02%
HAL	F	0.02%	0.06%	0.02%
HCA	B	0.06%	0.32%	0.06%
HD	A	0.01%	1.97%	0.01%
HPQ	D	0.06%	0.08%	0.06%
HSY	D	0.01%	0.1%	0.01%
HUM	F	0.01%	0.35%	0.01%
INGR	B	0.01%	0.04%	0.01%
INTC	F	0.03%	0.07%	0.03%
IP	C	0.01%	0.04%	0.01%
ITW	C	0.03%	0.31%	0.03%
JNJ	C	0.02%	2.59%	0.02%
JNPR	B	0.04%	0.04%	0.04%
K	A	0.02%	0.06%	0.02%
KLAC	D	0.02%	0.21%	0.02%
KMB	D	0.01%	0.16%	0.01%
KR	B	0.01%	0.28%	0.01%
LEA	D	0.03%	0.05%	0.03%
LLY	C	0.01%	0.04%	0.01%
LMT	A	0.01%	0.77%	0.01%
LOW	A	0.01%	0.78%	0.01%
LRCX	F	0.02%	0.48%	0.02%
LYB	F	0.01%	0.11%	0.01%
MA	B	0.02%	1.54%	0.02%
MAR	C	0.03%	0.11%	0.03%
MAS	B	0.01%	0.08%	0.01%
MCD	A	0.01%	0.4%	0.01%
MCO	C	0.02%	0.35%	0.02%
MMC	C	0.01%	0.58%	0.01%
MMM	A	0.01%	0.12%	0.01%
MO	C	0.01%	0.59%	0.01%
MOS	F	0.02%	0.05%	0.02%
MPC	D	0.02%	0.27%	0.02%
MRK	F	0.01%	0.39%	0.01%
MRO	D	0.01%	0.11%	0.01%
MSFT	C	0.01%	2.17%	0.01%
NKE	D	0.01%	0.34%	0.01%
NUE	F	0.01%	0.39%	0.01%
NVDA	D	0.03%	0.15%	0.03%
OC	C	0.01%	0.12%	0.01%
ORCL	C	0.04%	0.04%	0.04%
OTIS	C	0.02%	0.04%	0.02%
PFE	C	0.02%	0.57%	0.02%
PG	C	0.01%	1.41%	0.01%
PGR	B	0.01%	0.06%	0.01%
PHM	B	0.01%	0.24%	0.01%
PKG	B	0.03%	0.05%	0.03%
PM	C	0.02%	0.53%	0.02%
PSX	D	0.03%	0.13%	0.03%
PWR	B	0.02%	0.05%	0.02%
PYPL	B	0.03%	0.31%	0.03%
QCOM	F	0.02%	0.28%	0.02%
REGN	D	0.02%	0.39%	0.02%
ROK	F	0.02%	0.09%	0.02%
RPRX	D	0.03%	0.03%	0.03%
SBUX	C	0.01%	0.52%	0.01%
SJM	C	0.01%	0.03%	0.01%
SNA	B	0.01%	0.1%	0.01%
SPG	A	0.01%	0.19%	0.01%
SPGI	B	0.03%	0.07%	0.03%
STLD	D	0.02%	0.21%	0.02%
SYY	C	0.01%	0.33%	0.01%
T	C	0.01%	0.68%	0.01%
TAP	D	0.05%	0.03%	0.03%
TGT	C	0.02%	0.42%	0.02%
TJX	C	0.04%	0.83%	0.04%
TSN	D	0.02%	0.04%	0.02%
TT	B	0.01%	0.07%	0.01%
TXN	C	0.02%	0.39%	0.02%
UAL	C	0.01%	0.06%	0.01%
UNH	D	0.01%	2.32%	0.01%
UNP	D	0.01%	0.13%	0.01%
UPS	D	0.02%	0.41%	0.02%
V	B	0.02%	1.75%	0.02%
VLO	F	0.03%	0.18%	0.03%
VZ	B	0.01%	0.72%	0.01%
WMT	B	0.02%	2.74%	0.02%
WY	C	0.07%	0.09%	0.07%
XOM	C	0.02%	3.16%	0.02%

VCLT Overweight 209 Positions Relative to QARP

Symbol	Grade	Weight
WIT	C	0.21%
DELL	C	0.11%
EQH	C	0.09%
MDT	B	0.08%
FITB	B	0.07%
AXP	B	0.06%
CARR	A	0.06%
CAG	B	0.05%
SCCO	D	0.05%
CRM	D	0.05%
MS	C	0.05%
L	D	0.04%
WBA	F	0.04%
LIN	A	0.04%
NXPI	D	0.04%
DT	C	0.04%
BHF	D	0.04%
GPN	D	0.04%
NEM	B	0.04%
HPE	D	0.04%
BHP	D	0.04%
AVGO	C	0.04%
ORI	B	0.03%
FTV	D	0.03%
CFG	C	0.03%
STE	C	0.03%
WU	D	0.03%
WRK	C	0.03%
WM	D	0.03%
NOV	D	0.03%
MLM	D	0.03%
OHI	B	0.03%
LH	C	0.03%
DG	F	0.03%
CPT	A	0.03%
RPM	B	0.03%
CME	C	0.03%
APD	B	0.03%
AMT	C	0.03%
MDLZ	C	0.03%
CB	A	0.03%
RJF	C	0.03%
MUFG	D	0.03%
VTRS	D	0.03%
MPLX	A	0.03%
ALLY	D	0.03%
TMUS	B	0.03%
WPC	B	0.02%
PECO	B	0.02%
SCHW	D	0.02%
CHD	C	0.02%
ZBH	D	0.02%
FE	B	0.02%
FMC	C	0.02%
BAX	C	0.02%
OGS	A	0.02%
LHX	B	0.02%
O	B	0.02%
IVZ	B	0.02%
HRL	F	0.02%
HOG	C	0.02%
SBRA	B	0.02%
TEL	D	0.02%
AFG	B	0.02%
VMI	D	0.02%
XYL	D	0.02%
WTRG	D	0.02%
WHR	C	0.02%
AJG	D	0.02%
AVY	C	0.02%
KSS	F	0.02%
MKC	C	0.02%
NWE	A	0.02%
MSI	A	0.02%
PAA	C	0.02%
EMN	B	0.02%
PH	B	0.02%
SYK	B	0.02%
NDAQ	B	0.02%
LNC	D	0.02%
FIS	B	0.02%
VRSK	D	0.02%
ES	C	0.02%
STZ	C	0.02%
AFL	B	0.02%
CCI	C	0.02%
CP	C	0.02%
NI	B	0.02%
SWK	B	0.02%
DHR	C	0.02%
HES	D	0.02%
ECL	A	0.02%
EPD	B	0.02%
PEP	D	0.02%
ICE	C	0.02%
NOC	A	0.02%
MET	A	0.02%
IBM	A	0.02%
RTX	B	0.02%
AZN	D	0.02%
HSBC	A	0.02%
VOD	B	0.02%
GSK	D	0.02%
BAC	D	0.02%
GE	B	0.02%
HIW	B	0.01%
FRT	C	0.01%
AGO	C	0.01%
AMH	C	0.01%
EXR	B	0.01%
BXP	B	0.01%
AVA	B	0.01%
IDA	B	0.01%
EMR	D	0.01%
MAA	C	0.01%
LXP	B	0.01%
OPI	F	0.01%
JD	C	0.01%
SIGI	D	0.01%
DOC	B	0.01%
ADC	C	0.01%
BEN	F	0.01%
CACC	D	0.01%
FNF	B	0.01%
AES	C	0.01%
PFG	B	0.01%
PEG	B	0.01%
VTR	C	0.01%
OGE	B	0.01%
ESS	C	0.01%
RF	B	0.01%
REG	C	0.01%
EE	A	0.01%
BKH	B	0.01%
SWX	C	0.01%
VOYA	B	0.01%
DOV	B	0.01%
KRC	C	0.01%
EQIX	B	0.01%
KIM	B	0.01%
UDR	B	0.01%
MKL	C	0.01%
IPG	C	0.01%
KOF	D	0.01%
WELL	B	0.01%
WRB	C	0.01%
PNW	B	0.01%
PLD	C	0.01%
RSG	C	0.01%
DTE	A	0.01%
HIG	B	0.01%
JEF	B	0.01%
IFF	B	0.01%
HAS	B	0.01%
EVRG	A	0.01%
ETN	C	0.01%
AWK	C	0.01%
AVB	B	0.01%
UNM	A	0.01%
WEC	B	0.01%
EQR	B	0.01%
AEP	C	0.01%
AEE	B	0.01%
ZTS	B	0.01%
SRE	A	0.01%
VMC	D	0.01%
NNN	B	0.01%
NEE	B	0.01%
KDP	A	0.01%
EXC	B	0.01%
CMS	B	0.01%
LNT	B	0.01%
XEL	B	0.01%
WLK	D	0.01%
PPL	A	0.01%
GLW	B	0.01%
JCI	B	0.01%
ALL	B	0.01%
TRV	B	0.01%
TMO	C	0.01%
HON	D	0.01%
JBLU	D	0.01%
D	B	0.01%
EIX	B	0.01%
ED	B	0.01%
ETR	A	0.01%
ARE	C	0.01%
PRU	C	0.01%
KMI	A	0.01%
GD	B	0.01%
WMB	A	0.01%
SHW	A	0.01%
OKE	A	0.01%
DUK	B	0.01%
NSC	C	0.01%
BSX	B	0.01%
AIG	D	0.01%
ET	B	0.01%
SO	A	0.01%
DIS	D	0.01%
BABA	B	0.01%
BDX	D	0.01%
C	D	0.01%
PCG	B	0.01%
KO	B	0.01%
JPM	D	0.01%
WFC	D	0.01%
BA	F	0.01%
GS	C	0.01%

VCLT Underweight 214 Positions Relative to QARP

Symbol	Grade	Weight
BRK.A	C	-5.27%
META	B	-5.14%
GOOG	D	-2.02%
ACN	C	-1.12%
MCK	F	-0.98%
ADBE	F	-0.93%
BKNG	B	-0.67%
ELV	D	-0.64%
TSLA	C	-0.6%
LEN	C	-0.47%
DHI	B	-0.38%
ORLY	C	-0.35%
AZO	D	-0.34%
PSA	A	-0.34%
MU	F	-0.32%
CNC	C	-0.31%
CTSH	C	-0.29%
ROST	C	-0.28%
BBY	C	-0.26%
NVR	A	-0.25%
TROW	D	-0.24%
VRTX	D	-0.22%
URI	B	-0.22%
ABNB	D	-0.22%
KVUE	C	-0.21%
PCAR	D	-0.21%
MSCI	C	-0.21%
ADP	B	-0.2%
PAYX	B	-0.19%
BLDR	C	-0.19%
FAST	C	-0.19%
ODFL	D	-0.18%
WSM	C	-0.18%
ISRG	B	-0.17%
ULTA	D	-0.17%
DAL	C	-0.17%
FTNT	B	-0.17%
RS	D	-0.16%
TSCO	C	-0.16%
GEV	B	-0.15%
GEHC	C	-0.15%
LULU	D	-0.15%
EXPE	C	-0.14%
LPLA	D	-0.14%
VST	B	-0.14%
COF	B	-0.14%
SLB	F	-0.14%
MNST	D	-0.14%
EXPD	C	-0.14%
GRMN	C	-0.13%
FCNCA	D	-0.13%
EME	B	-0.13%
MTG	A	-0.12%
KEYS	C	-0.12%
ANET	B	-0.12%
CMG	C	-0.11%
SYF	C	-0.11%
MTD	D	-0.11%
SOLV	C	-0.11%
CASY	C	-0.11%
DECK	C	-0.11%
EVR	A	-0.1%
LUV	C	-0.1%
UTHR	B	-0.1%
FDS	C	-0.1%
CPNG	A	-0.1%
A	C	-0.1%
DKS	D	-0.1%
BJ	D	-0.1%
CTRA	D	-0.1%
MRNA	F	-0.09%
HRB	C	-0.09%
AMG	C	-0.09%
CBRE	B	-0.09%
TPR	C	-0.09%
SWKS	F	-0.09%
CTAS	C	-0.08%
PFGC	B	-0.08%
WSO	C	-0.08%
TOL	B	-0.08%
CBOE	C	-0.08%
GPC	D	-0.08%
VICI	B	-0.08%
DLTR	F	-0.08%
WST	D	-0.08%
AMD	D	-0.08%
BKR	C	-0.08%
NTAP	D	-0.07%
AYI	B	-0.07%
GGG	C	-0.07%
LYV	B	-0.07%
DOX	C	-0.07%
MOH	D	-0.07%
AOS	D	-0.07%
RNR	B	-0.06%
EXP	B	-0.06%
BLD	D	-0.06%
CHK	C	-0.06%
ADSK	C	-0.06%
INCY	D	-0.06%
ALGN	D	-0.06%
EW	F	-0.06%
AGCO	D	-0.06%
CHRW	A	-0.06%
UHS	B	-0.06%
SKX	D	-0.06%
OXY	F	-0.06%
SEIC	C	-0.06%
VRSN	D	-0.06%
RHI	D	-0.06%
CPRT	D	-0.06%
LNG	C	-0.06%
TXT	F	-0.06%
FICO	B	-0.06%
POOL	C	-0.06%
CLX	B	-0.06%
CHRD	D	-0.05%
JBHT	D	-0.05%
HOLX	C	-0.05%
ON	F	-0.05%
RL	B	-0.05%
ITT	B	-0.05%
JKHY	B	-0.05%
LSTR	D	-0.05%
CSL	B	-0.05%
MUSA	D	-0.05%
FND	C	-0.05%
TXRH	B	-0.05%
JBL	D	-0.05%
MGM	D	-0.05%
MKTX	C	-0.05%
CLF	F	-0.05%
YUM	F	-0.05%
BX	B	-0.05%
FFIV	B	-0.05%
ACI	F	-0.05%
OSK	D	-0.04%
ACM	A	-0.04%
EPAM	F	-0.04%
MEDP	D	-0.04%
USFD	B	-0.04%
X	D	-0.04%
LPX	A	-0.04%
KNSL	C	-0.04%
CCL	C	-0.04%
AMCR	B	-0.04%
CE	D	-0.04%
WBD	D	-0.04%
TER	D	-0.04%
NYT	B	-0.04%
J	C	-0.04%
LVS	D	-0.04%
ARMK	C	-0.04%
LECO	F	-0.04%
FCX	D	-0.04%
DBX	D	-0.04%
CHE	C	-0.04%
FIX	B	-0.04%
COKE	C	-0.04%
GNTX	D	-0.04%
CNM	F	-0.04%
SAIA	D	-0.04%
DCI	D	-0.04%
BURL	C	-0.04%
MCHP	D	-0.04%
TTEK	B	-0.03%
APA	F	-0.03%
LKQ	F	-0.03%
WTW	B	-0.03%
LOPE	D	-0.03%
EXEL	C	-0.03%
OVV	D	-0.03%
SSD	C	-0.03%
KNX	C	-0.03%
OLN	D	-0.03%
MHK	C	-0.03%
DPZ	D	-0.03%
HII	D	-0.03%
PVH	F	-0.03%
THO	D	-0.03%
GLPI	B	-0.03%
GAP	F	-0.03%
MSM	D	-0.03%
DGX	C	-0.03%
ROL	B	-0.03%
FCN	C	-0.03%
HLI	B	-0.03%
ALSN	B	-0.03%
CRUS	D	-0.03%
VVV	D	-0.03%
PAYC	D	-0.03%
COIN	F	-0.03%
PII	D	-0.03%
LAMR	B	-0.03%
HST	C	-0.03%
ALK	C	-0.03%
CROX	C	-0.03%
WYNN	D	-0.03%
BBWI	F	-0.02%
AR	D	-0.02%
DINO	F	-0.02%
CDNS	D	-0.02%
JHG	B	-0.02%
NEU	D	-0.02%
CDW	D	-0.02%
G	B	-0.02%
RLI	B	-0.02%
FIVE	D	-0.02%
CTVA	B	-0.02%
MTZ	B	-0.02%
M	F	-0.02%
PINC	D	-0.02%
WAT	C	-0.02%
IWB	A	-0.0%