VOE vs. ITAN ETF Comparison

Comparison of Vanguard Mid-Cap Value ETF - DNQ (VOE) to Sparkline Intangible Value ETF (ITAN)

VOE

Vanguard Mid-Cap Value ETF - DNQ

VOE Description

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

$167.13

Average Daily Volume

236,463

Number of Holdings ^*

187

* may have additional holdings in another (foreign) market

ITAN

Sparkline Intangible Value ETF

ITAN Description

The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (âETFâ). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the âSub-Adviserâ) believes are attractive relative to its proprietary measure of âintangible-augmented intrinsic value.â The fundâs investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.

Grade (RS Rating)

Last Trade

$30.31

Average Daily Volume

6,049

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

Performance

Period	VOE	ITAN
30 Days	3.41%	5.44%
60 Days	10.43%	12.75%
90 Days	12.68%	6.43%
12 Months	33.53%	33.24%

39 Overlapping Holdings

Symbol	Grade	Weight in VOE	Weight in ITAN	Overlap
AKAM	D	0.17%	0.37%	0.17%
ALL	A	1.12%	0.72%	0.72%
BAX	D	0.44%	0.51%	0.44%
BBY	C	0.44%	0.51%	0.44%
BIIB	F	0.67%	0.44%	0.44%
CAH	B	0.62%	0.47%	0.47%
CMI	A	0.96%	0.83%	0.83%
CNC	F	0.95%	0.69%	0.69%
CTSH	B	0.87%	0.74%	0.74%
DAL	C	0.62%	0.55%	0.55%
DD	C	0.71%	0.47%	0.47%
DGX	D	0.39%	0.42%	0.39%
EA	D	0.91%	0.47%	0.47%
EBAY	A	0.67%	0.72%	0.67%
GLW	C	0.73%	0.61%	0.61%
HAL	D	0.28%	0.37%	0.28%
HPE	B	0.57%	0.62%	0.57%
HPQ	B	0.76%	0.76%	0.76%
IP	C	0.38%	0.33%	0.33%
J	F	0.43%	0.54%	0.43%
JCI	C	0.55%	0.65%	0.55%
KR	C	0.78%	0.52%	0.52%
LDOS	A	0.24%	0.51%	0.24%
LHX	A	1.01%	0.64%	0.64%
LUV	B	0.39%	0.31%	0.31%
NTAP	D	0.56%	0.61%	0.56%
PRU	B	0.98%	0.52%	0.52%
ROK	D	0.35%	0.42%	0.35%
SWK	C	0.35%	0.31%	0.31%
SWKS	F	0.4%	0.29%	0.29%
TRMB	B	0.16%	0.36%	0.16%
TRU	C	0.21%	0.41%	0.21%
UAL	A	0.33%	0.58%	0.33%
VTRS	D	0.32%	0.43%	0.32%
WBA	F	0.14%	0.28%	0.14%
WBD	F	0.35%	0.48%	0.35%
WDC	C	0.48%	0.62%	0.48%
ZBRA	B	0.4%	0.5%	0.4%
ZM	B	0.18%	0.43%	0.18%

VOE Overweight 148 Positions Relative to ITAN

Symbol	Grade	Weight
AJG	C	1.44%
CARR	A	1.4%
NEM	C	1.39%
DHI	C	1.26%
OKE	A	1.21%
PCG	C	1.16%
PCAR	D	1.13%
URI	C	1.11%
DLR	C	1.1%
FIS	A	1.03%
AMP	A	1.01%
LEN	C	0.97%
KVUE	C	0.95%
GIS	C	0.92%
PEG	A	0.91%
ACGL	A	0.91%
COR	F	0.9%
CTVA	A	0.89%
EXC	C	0.86%
OTIS	A	0.86%
DOW	B	0.85%
GEHC	C	0.83%
NUE	D	0.82%
CBRE	C	0.8%
VICI	C	0.79%
ED	C	0.79%
BKR	B	0.79%
DFS	A	0.78%
XEL	C	0.77%
HIG	A	0.77%
NDAQ	C	0.75%
IRM	B	0.75%
EIX	C	0.75%
AVB	C	0.72%
PPG	D	0.69%
ADM	F	0.68%
CDW	D	0.68%
WTW	C	0.67%
WAB	A	0.67%
FITB	C	0.66%
WEC	B	0.66%
MTB	A	0.65%
GPN	F	0.64%
AWK	D	0.63%
WMB	A	0.63%
GRMN	D	0.63%
GEV	A	0.62%
PHM	C	0.62%
KEYS	B	0.61%
EQR	C	0.61%
IFF	D	0.6%
FTV	C	0.59%
AIG	C	0.58%
DOV	C	0.58%
LYB	B	0.58%
ETR	A	0.58%
SPG	A	0.58%
VTR	C	0.57%
STT	A	0.56%
FE	C	0.54%
PPL	C	0.53%
ES	D	0.53%
TROW	D	0.53%
ZBH	F	0.53%
DTE	B	0.52%
K	B	0.5%
WY	C	0.5%
RJF	B	0.5%
CBOE	B	0.49%
HBAN	B	0.49%
AEE	A	0.49%
CINF	A	0.48%
RF	B	0.48%
ARE	D	0.47%
CMS	A	0.46%
KMI	A	0.46%
BALL	C	0.45%
GPC	D	0.45%
MKC	C	0.45%
LNG	A	0.45%
SYF	A	0.45%
ESS	D	0.44%
SYY	D	0.44%
OMC	C	0.44%
CLX	C	0.44%
MAA	D	0.43%
HOLX	D	0.43%
PFG	A	0.43%
IR	A	0.42%
CFG	C	0.42%
PKG	B	0.42%
DRI	C	0.42%
DG	F	0.41%
TSN	D	0.41%
AVTR	D	0.4%
NTRS	B	0.4%
AVY	D	0.4%
WRB	C	0.39%
TXT	F	0.39%
EXPD	D	0.39%
CNP	B	0.39%
DLTR	F	0.39%
MAS	C	0.39%
D	A	0.38%
EG	A	0.38%
SSNC	C	0.36%
KEY	B	0.36%
L	C	0.35%
CAG	D	0.34%
LNT	B	0.34%
SNA	C	0.34%
RVTY	C	0.34%
CF	A	0.34%
FNF	C	0.34%
VST	A	0.33%
NWSA	D	0.32%
GEN	A	0.32%
CE	D	0.32%
NVR	C	0.31%
WPC	C	0.3%
STE	D	0.27%
FOXA	B	0.26%
RPRX	D	0.25%
HUBB	A	0.24%
CPB	D	0.22%
HRL	F	0.22%
MKL	B	0.22%
MGM	D	0.2%
STLD	C	0.2%
DOC	C	0.18%
MRO	B	0.18%
UDR	C	0.17%
NI	A	0.17%
CRBG	B	0.16%
EVRG	C	0.15%
AES	C	0.14%
HST	D	0.14%
BEN	F	0.14%
SJM	D	0.13%
LEN	C	0.07%
FOX	B	0.06%
AGR	C	0.06%
WLK	C	0.06%
EDR	A	0.04%
RKT	D	0.03%
SIRI	C	0.01%
NWS	D	0.0%
LSXMK	D	0.0%

VOE Underweight 111 Positions Relative to ITAN

Symbol	Grade	Weight
AMZN	C	-4.74%
META	A	-3.06%
ORCL	A	-2.71%
CRM	B	-2.02%
GOOG	B	-1.87%
GOOGL	B	-1.87%
IBM	A	-1.83%
CSCO	A	-1.74%
QCOM	D	-1.74%
ACN	B	-1.55%
T	B	-1.54%
INTC	D	-1.41%
PFE	D	-1.38%
VZ	C	-1.38%
TMUS	A	-1.31%
DELL	C	-1.23%
RTX	A	-1.23%
WFC	B	-1.22%
MDT	C	-1.21%
HON	C	-1.1%
DIS	D	-1.08%
TGT	C	-1.05%
PYPL	A	-1.02%
BA	F	-0.99%
CMCSA	B	-0.96%
MMM	C	-0.95%
BMY	A	-0.94%
CVS	D	-0.94%
NOC	B	-0.93%
COF	A	-0.92%
LMT	A	-0.9%
GILD	A	-0.88%
GM	D	-0.86%
PANW	B	-0.81%
FDX	F	-0.8%
F	D	-0.78%
SQ	D	-0.75%
BDX	C	-0.71%
GD	C	-0.71%
NXPI	F	-0.71%
DASH	A	-0.7%
CHTR	D	-0.64%
WDAY	D	-0.61%
ADSK	B	-0.58%
SNAP	D	-0.57%
EXPE	B	-0.54%
TEL	D	-0.54%
ILMN	B	-0.53%
HUM	F	-0.5%
BAH	C	-0.49%
CVNA	A	-0.49%
ZS	F	-0.48%
DOCU	A	-0.47%
IQV	F	-0.47%
UBER	C	-0.47%
FFIV	B	-0.46%
NTNX	C	-0.44%
JNPR	C	-0.44%
CACI	A	-0.42%
OKTA	F	-0.42%
PSTG	F	-0.42%
Z	C	-0.41%
ROKU	C	-0.41%
ACM	A	-0.41%
JLL	C	-0.4%
DVA	C	-0.4%
CIEN	A	-0.39%
MU	D	-0.39%
TWLO	B	-0.39%
EMN	C	-0.38%
EXAS	C	-0.38%
DBX	C	-0.38%
JBL	C	-0.38%
W	C	-0.36%
U	D	-0.34%
TPR	B	-0.33%
AAL	D	-0.33%
ACI	F	-0.31%
APTV	D	-0.31%
LYFT	D	-0.31%
ALLY	F	-0.3%
HAS	A	-0.29%
ETSY	F	-0.28%
ELAN	D	-0.28%
WHR	C	-0.27%
PARA	F	-0.27%
JAZZ	F	-0.27%
TAP	D	-0.26%
PII	D	-0.26%
ARW	C	-0.26%
AGCO	D	-0.25%
MTCH	B	-0.25%
RUN	D	-0.25%
DOX	B	-0.25%
IVZ	A	-0.25%
PATH	D	-0.24%
BWA	C	-0.24%
DLB	D	-0.24%
QRVO	F	-0.24%
HRB	C	-0.24%
RIVN	F	-0.23%
MASI	B	-0.23%
MAT	B	-0.23%
ALK	C	-0.23%
GAP	F	-0.22%
BIO	B	-0.22%
RHI	D	-0.21%
NOV	F	-0.21%
FLR	B	-0.19%
XRAY	D	-0.17%
M	D	-0.16%