VONV vs. ONEV ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to SPDR Russell 1000 Low Volatility Focus ETF (ONEV)

VONV

Vanguard Russell 1000 Value ETF

VONV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000® Value Index. The index is designed to measure the performance of large-capitalization value stocks in the United States. 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

$86.79

Average Daily Volume

372,062

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

ONEV

SPDR Russell 1000 Low Volatility Focus ETF

ONEV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Low Volatility Focused Factor Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising low volatility characteristics. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$133.75

Average Daily Volume

4,833

Number of Holdings ^*

415

* may have additional holdings in another (foreign) market

Performance

Period	VONV	ONEV
30 Days	3.51%	4.10%
60 Days	4.96%	4.09%
90 Days	7.00%	5.47%
12 Months	29.73%	26.02%

397 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in ONEV	Overlap
	A	D	0.15%	0.42%	0.15%
	AAP	C	0.01%	0.06%	0.01%
	ACGL	D	0.14%	0.93%	0.14%
	ACI	C	0.03%	0.19%	0.03%
	ACM	A	0.06%	0.19%	0.06%
	ADC	B	0.03%	0.06%	0.03%
	ADM	D	0.11%	0.55%	0.11%
	AEE	A	0.09%	0.39%	0.09%
	AEP	D	0.21%	0.28%	0.21%
	AES	F	0.05%	0.04%	0.04%
	AFG	A	0.04%	0.08%	0.04%
	AGCO	D	0.02%	0.14%	0.02%
	AGO	B	0.02%	0.09%	0.02%
	AGR	B	0.01%	0.04%	0.01%
	AIZ	A	0.04%	0.18%	0.04%
	AKAM	D	0.06%	0.29%	0.06%
	ALK	C	0.02%	0.08%	0.02%
	ALLE	D	0.05%	0.23%	0.05%
	ALSN	B	0.04%	0.37%	0.04%
	AMCR	D	0.06%	0.35%	0.06%
	AME	A	0.17%	0.2%	0.17%
	AMED	F	0.01%	0.04%	0.01%
	AMG	B	0.02%	0.22%	0.02%
	AMH	D	0.05%	0.12%	0.05%
	ANSS	B	0.11%	0.29%	0.11%
	AON	A	0.29%	0.56%	0.29%
	AOS	F	0.04%	0.25%	0.04%
	ARW	D	0.03%	0.08%	0.03%
	ASH	D	0.02%	0.07%	0.02%
	ATO	A	0.08%	0.64%	0.08%
	ATR	B	0.04%	0.23%	0.04%
	AVB	B	0.13%	0.26%	0.13%
	AVY	D	0.04%	0.17%	0.04%
	AWI	A	0.02%	0.11%	0.02%
	AWK	D	0.11%	0.16%	0.11%
	AXS	A	0.02%	0.1%	0.02%
	AXTA	A	0.03%	0.08%	0.03%
	AYI	B	0.04%	0.17%	0.04%
	AZO	C	0.02%	0.7%	0.02%
	BALL	D	0.07%	0.13%	0.07%
	BAX	D	0.07%	0.15%	0.07%
	BBY	D	0.08%	0.72%	0.08%
	BC	C	0.02%	0.06%	0.02%
	BEN	C	0.02%	0.06%	0.02%
	BERY	B	0.03%	0.13%	0.03%
	BFAM	D	0.03%	0.04%	0.03%
	BG	F	0.05%	0.17%	0.05%
	BJ	A	0.04%	0.33%	0.04%
	BMY	B	0.45%	1.44%	0.45%
	BR	A	0.01%	0.45%	0.01%
	BRBR	A	0.03%	0.08%	0.03%
	BRKR	D	0.01%	0.08%	0.01%
	BRO	B	0.06%	0.33%	0.06%
	BWA	D	0.03%	0.29%	0.03%
	BWXT	B	0.04%	0.17%	0.04%
	CACC	D	0.0%	0.02%	0.0%
	CACI	D	0.05%	0.32%	0.05%
	CAG	D	0.06%	0.2%	0.06%
	CAH	B	0.04%	1.07%	0.04%
	CASY	A	0.05%	0.54%	0.05%
	CBOE	B	0.09%	0.65%	0.09%
	CBRE	B	0.16%	0.3%	0.16%
	CBSH	A	0.03%	0.07%	0.03%
	CCK	C	0.04%	0.15%	0.04%
	CE	F	0.04%	0.13%	0.04%
	CF	B	0.06%	0.19%	0.06%
	CGNX	C	0.03%	0.04%	0.03%
	CHD	B	0.1%	0.21%	0.1%
	CHE	D	0.03%	0.3%	0.03%
	CHH	A	0.0%	0.07%	0.0%
	CHRW	C	0.05%	0.11%	0.05%
	CHTR	C	0.12%	0.54%	0.12%
	CIEN	B	0.04%	0.14%	0.04%
	CINF	A	0.09%	0.69%	0.09%
	CL	D	0.14%	0.25%	0.14%
	CMI	A	0.18%	0.71%	0.18%
	CMS	C	0.08%	0.29%	0.08%
	CNA	B	0.0%	0.02%	0.0%
	CNC	D	0.13%	0.63%	0.13%
	CNH	C	0.04%	0.06%	0.04%
	CNM	D	0.01%	0.18%	0.01%
	CNP	B	0.07%	0.25%	0.07%
	COKE	C	0.03%	0.12%	0.03%
	COLM	B	0.01%	0.1%	0.01%
	CPB	D	0.04%	0.2%	0.04%
	CPT	B	0.05%	0.22%	0.05%
	CR	A	0.03%	0.12%	0.03%
	CRI	D	0.01%	0.07%	0.01%
	CRL	C	0.04%	0.07%	0.04%
	CRUS	D	0.02%	0.16%	0.02%
	CSL	C	0.07%	0.19%	0.07%
	CSX	B	0.26%	0.27%	0.26%
	CTRA	B	0.07%	0.31%	0.07%
	CTSH	B	0.15%	1.46%	0.15%
	CTVA	C	0.17%	0.15%	0.15%
	CUBE	D	0.04%	0.3%	0.04%
	CVS	D	0.29%	0.29%	0.29%
	CW	B	0.05%	0.14%	0.05%
	CWEN	C	0.01%	0.02%	0.01%
	CWEN	C	0.01%	0.04%	0.01%
	CWEN	C	0.0%	0.04%	0.0%
	CWEN	C	0.0%	0.02%	0.0%
	CXT	B	0.01%	0.06%	0.01%
	D	C	0.2%	0.31%	0.2%
	DBX	B	0.02%	0.25%	0.02%
	DCI	B	0.04%	0.26%	0.04%
	DG	F	0.07%	0.33%	0.07%
	DGX	A	0.07%	0.39%	0.07%
	DHI	D	0.2%	0.32%	0.2%
	DINO	D	0.02%	0.05%	0.02%
	DLB	B	0.02%	0.15%	0.02%
	DLTR	F	0.05%	0.19%	0.05%
	DNB	B	0.01%	0.06%	0.01%
	DOV	A	0.1%	0.18%	0.1%
	DOX	D	0.04%	0.36%	0.04%
	DPZ	C	0.04%	0.18%	0.04%
	DTE	C	0.1%	0.19%	0.1%
	DTM	B	0.04%	0.21%	0.04%
	EA	A	0.16%	0.79%	0.16%
	EBAY	D	0.12%	0.64%	0.12%
	ED	D	0.14%	0.31%	0.14%
	EEFT	B	0.02%	0.04%	0.02%
	EG	C	0.05%	0.57%	0.05%
	EGP	F	0.03%	0.12%	0.03%
	EHC	B	0.04%	0.26%	0.04%
	EIX	B	0.13%	0.24%	0.13%
	ELS	C	0.05%	0.22%	0.05%
	EME	C	0.05%	0.32%	0.05%
	EMN	D	0.05%	0.21%	0.05%
	EQR	B	0.11%	0.24%	0.11%
	ES	D	0.09%	0.13%	0.09%
	ESAB	B	0.03%	0.06%	0.03%
	ESI	A	0.02%	0.06%	0.02%
	ESS	B	0.07%	0.13%	0.07%
	ETR	B	0.13%	0.52%	0.13%
	EVR	B	0.04%	0.14%	0.04%
	EVRG	A	0.05%	0.32%	0.05%
	EXC	C	0.16%	0.35%	0.16%
	EXEL	B	0.01%	0.19%	0.01%
	EXP	A	0.01%	0.17%	0.01%
	EXPD	D	0.06%	0.38%	0.06%
	FAF	A	0.03%	0.04%	0.03%
	FAST	B	0.03%	0.63%	0.03%
	FBIN	D	0.04%	0.08%	0.04%
	FCN	D	0.03%	0.15%	0.03%
	FCNCA	A	0.09%	0.16%	0.09%
	FDS	B	0.04%	0.49%	0.04%
	FDX	B	0.25%	0.27%	0.25%
	FE	C	0.1%	0.19%	0.1%
	FFIV	B	0.05%	0.51%	0.05%
	FHB	A	0.01%	0.02%	0.01%
	FIVE	F	0.0%	0.04%	0.0%
	FLO	D	0.02%	0.12%	0.02%
	FLS	B	0.03%	0.06%	0.03%
	FMC	D	0.03%	0.04%	0.03%
	FOX	A	0.02%	0.19%	0.02%
	FOXA	B	0.04%	0.36%	0.04%
	FR	C	0.03%	0.17%	0.03%
	FTRE	D	0.01%	0.05%	0.01%
	FTV	C	0.1%	0.18%	0.1%
	FYBR	D	0.04%	0.11%	0.04%
	G	B	0.03%	0.26%	0.03%
	GEHC	F	0.14%	0.49%	0.14%
	GEN	B	0.06%	0.27%	0.06%
	GGG	B	0.05%	0.29%	0.05%
	GILD	C	0.44%	0.88%	0.44%
	GIS	D	0.15%	0.35%	0.15%
	GL	B	0.04%	0.26%	0.04%
	GNTX	C	0.03%	0.26%	0.03%
	GO	C	0.01%	0.06%	0.01%
	GPC	D	0.06%	0.54%	0.06%
	GPK	C	0.03%	0.16%	0.03%
	GRMN	B	0.12%	0.51%	0.12%
	GTES	A	0.02%	0.03%	0.02%
	GWW	B	0.02%	0.42%	0.02%
	GXO	B	0.03%	0.09%	0.03%
	HIG	B	0.13%	0.26%	0.13%
	HII	D	0.03%	0.24%	0.03%
	HIW	D	0.01%	0.04%	0.01%
	HLI	B	0.03%	0.3%	0.03%
	HOG	D	0.02%	0.03%	0.02%
	HOLX	D	0.07%	0.21%	0.07%
	HPE	B	0.1%	0.59%	0.1%
	HRB	D	0.03%	0.3%	0.03%
	HRL	D	0.04%	0.12%	0.04%
	HSIC	B	0.04%	0.07%	0.04%
	HST	C	0.05%	0.16%	0.05%
	HSY	F	0.09%	0.27%	0.09%
	HUBB	B	0.09%	0.12%	0.09%
	HUM	C	0.12%	0.75%	0.12%
	HUN	F	0.01%	0.04%	0.01%
	IBKR	A	0.06%	0.11%	0.06%
	IDA	A	0.02%	0.14%	0.02%
	IEX	B	0.07%	0.23%	0.07%
	INCY	C	0.04%	0.41%	0.04%
	INGR	B	0.03%	0.36%	0.03%
	IP	B	0.08%	0.47%	0.08%
	IPG	D	0.04%	0.25%	0.04%
	IPGP	D	0.01%	0.07%	0.01%
	IRDM	D	0.01%	0.04%	0.01%
	ITT	A	0.05%	0.17%	0.05%
	ITW	B	0.19%	0.34%	0.19%
	J	F	0.07%	0.34%	0.07%
	JAZZ	B	0.03%	0.28%	0.03%
	JBHT	C	0.06%	0.26%	0.06%
	JBL	B	0.05%	0.45%	0.05%
	JHG	A	0.02%	0.16%	0.02%
	JKHY	D	0.05%	0.21%	0.05%
	JNPR	F	0.05%	0.41%	0.05%
	K	A	0.08%	0.39%	0.08%
	KEX	C	0.03%	0.07%	0.03%
	KEYS	A	0.1%	0.35%	0.1%
	KHC	F	0.12%	0.16%	0.12%
	KMB	D	0.11%	0.42%	0.11%
	KNX	B	0.03%	0.17%	0.03%
	KR	B	0.15%	0.57%	0.15%
	KRC	C	0.02%	0.05%	0.02%
	KVUE	A	0.18%	0.57%	0.18%
	L	A	0.06%	0.22%	0.06%
	LAMR	D	0.03%	0.17%	0.03%
	LBRDA	C	0.0%	0.02%	0.0%
	LBRDK	C	0.03%	0.11%	0.03%
	LDOS	C	0.1%	0.54%	0.1%
	LEA	D	0.02%	0.14%	0.02%
	LECO	B	0.03%	0.28%	0.03%
	LEG	F	0.01%	0.04%	0.01%
	LFUS	F	0.02%	0.06%	0.02%
	LH	C	0.08%	0.55%	0.08%
	LKQ	D	0.04%	0.13%	0.04%
	LNT	A	0.06%	0.2%	0.06%
	LOPE	B	0.01%	0.17%	0.01%
	LSTR	D	0.03%	0.24%	0.03%
	LUV	C	0.07%	0.37%	0.07%
	MAA	B	0.07%	0.31%	0.07%
	MAN	D	0.01%	0.1%	0.01%
	MAS	D	0.07%	0.33%	0.07%
	MAT	D	0.03%	0.19%	0.03%
	MCK	B	0.15%	0.7%	0.15%
	MDU	D	0.02%	0.07%	0.02%
	MIDD	C	0.03%	0.04%	0.03%
	MKC	D	0.08%	0.18%	0.08%
	MKL	A	0.06%	0.47%	0.06%
	MKTX	D	0.04%	0.18%	0.04%
	MNST	C	0.03%	0.18%	0.03%
	MO	A	0.37%	0.59%	0.37%
	MOH	F	0.03%	0.32%	0.03%
	MSA	D	0.02%	0.05%	0.02%
	MSCI	C	0.07%	0.32%	0.07%
	MSGS	A	0.02%	0.11%	0.02%
	MSM	C	0.01%	0.14%	0.01%
	MTD	D	0.11%	0.16%	0.11%
	MTG	C	0.03%	0.18%	0.03%
	MTN	C	0.0%	0.17%	0.0%
	NDAQ	A	0.12%	0.18%	0.12%
	NDSN	B	0.06%	0.08%	0.06%
	NEU	C	0.01%	0.13%	0.01%
	NFG	A	0.02%	0.2%	0.02%
	NI	A	0.06%	0.28%	0.06%
	NNN	D	0.03%	0.11%	0.03%
	NOC	D	0.28%	0.27%	0.27%
	NRG	B	0.04%	0.13%	0.04%
	NSA	D	0.01%	0.06%	0.01%
	NTAP	C	0.05%	0.54%	0.05%
	NUE	C	0.14%	0.34%	0.14%
	NVR	D	0.1%	0.42%	0.1%
	NVST	B	0.01%	0.03%	0.01%
	NWL	B	0.01%	0.08%	0.01%
	NWS	B	0.01%	0.04%	0.01%
	NWSA	B	0.04%	0.12%	0.04%
	NXST	C	0.01%	0.07%	0.01%
	NYT	C	0.04%	0.19%	0.04%
	OC	A	0.06%	0.21%	0.06%
	OGE	B	0.03%	0.26%	0.03%
	OGN	D	0.02%	0.07%	0.02%
	OLLI	D	0.02%	0.03%	0.02%
	OMC	C	0.08%	0.5%	0.08%
	ORI	A	0.03%	0.18%	0.03%
	ORLY	B	0.02%	0.73%	0.02%
	OSK	B	0.03%	0.17%	0.03%
	OTIS	C	0.16%	0.28%	0.16%
	OZK	B	0.02%	0.05%	0.02%
	PAG	B	0.01%	0.03%	0.01%
	PAYX	C	0.11%	0.33%	0.11%
	PB	A	0.03%	0.06%	0.03%
	PCAR	B	0.21%	0.48%	0.21%
	PEG	A	0.18%	0.38%	0.18%
	PHM	D	0.11%	0.28%	0.11%
	PII	D	0.01%	0.12%	0.01%
	PINC	B	0.01%	0.1%	0.01%
	PKG	A	0.08%	0.32%	0.08%
	PNR	A	0.07%	0.14%	0.07%
	PNW	B	0.04%	0.24%	0.04%
	POST	C	0.02%	0.13%	0.02%
	PPC	C	0.01%	0.02%	0.01%
	PPG	F	0.12%	0.21%	0.12%
	PPL	B	0.1%	0.25%	0.1%
	PRGO	B	0.01%	0.09%	0.01%
	PRI	A	0.04%	0.22%	0.04%
	PSA	D	0.18%	0.64%	0.18%
	PSN	D	0.02%	0.15%	0.02%
	QGEN	D	0.04%	0.15%	0.04%
	QRVO	F	0.03%	0.09%	0.03%
	R	B	0.02%	0.08%	0.02%
	REYN	D	0.01%	0.05%	0.01%
	RGLD	C	0.04%	0.16%	0.04%
	RHI	B	0.03%	0.28%	0.03%
	RL	B	0.03%	0.24%	0.03%
	RLI	B	0.02%	0.26%	0.02%
	RNR	C	0.05%	0.48%	0.05%
	ROK	B	0.11%	0.25%	0.11%
	RPM	A	0.05%	0.24%	0.05%
	RPRX	D	0.04%	0.36%	0.04%
	RS	B	0.07%	0.64%	0.07%
	RSG	A	0.16%	0.18%	0.16%
	RYN	D	0.02%	0.1%	0.02%
	SAIC	F	0.03%	0.23%	0.03%
	SAM	C	0.01%	0.04%	0.01%
	SBAC	D	0.1%	0.24%	0.1%
	SCI	B	0.05%	0.3%	0.05%
	SEB	F	0.0%	0.02%	0.0%
	SEE	C	0.02%	0.02%	0.02%
	SEIC	B	0.03%	0.3%	0.03%
	SIRI	C	0.03%	0.18%	0.03%
	SITE	D	0.02%	0.06%	0.02%
	SJM	D	0.05%	0.23%	0.05%
	SKX	D	0.03%	0.21%	0.03%
	SLGN	A	0.02%	0.1%	0.02%
	SN	D	0.02%	0.06%	0.02%
	SNA	A	0.07%	0.55%	0.07%
	SNDR	B	0.01%	0.05%	0.01%
	SNX	C	0.03%	0.12%	0.03%
	SOLV	C	0.04%	0.34%	0.04%
	SON	D	0.02%	0.14%	0.02%
	SRE	A	0.21%	0.37%	0.21%
	SSD	D	0.03%	0.16%	0.03%
	SSNC	B	0.06%	0.17%	0.06%
	ST	F	0.02%	0.02%	0.02%
	STAG	F	0.03%	0.08%	0.03%
	STE	F	0.09%	0.19%	0.09%
	STLD	B	0.08%	0.23%	0.08%
	SWKS	F	0.06%	0.49%	0.06%
	SYF	B	0.09%	0.15%	0.09%
	SYY	B	0.06%	0.23%	0.06%
	TAP	C	0.04%	0.25%	0.04%
	TDY	B	0.08%	0.09%	0.08%
	TECH	D	0.05%	0.1%	0.05%
	TFX	F	0.04%	0.11%	0.04%
	TGT	F	0.28%	0.47%	0.28%
	THG	A	0.02%	0.04%	0.02%
	TKR	D	0.02%	0.05%	0.02%
	TNL	A	0.01%	0.02%	0.01%
	TROW	B	0.1%	0.61%	0.1%
	TRV	B	0.22%	0.36%	0.22%
	TSN	B	0.07%	0.15%	0.07%
	TTC	D	0.03%	0.13%	0.03%
	TTEK	F	0.04%	0.07%	0.04%
	TW	A	0.04%	0.16%	0.04%
	TXT	D	0.06%	0.19%	0.06%
	UA	C	0.01%	0.01%	0.01%
	UAA	C	0.01%	0.01%	0.01%
	UDR	B	0.06%	0.18%	0.06%
	UGI	A	0.02%	0.09%	0.02%
	UHAL	D	0.02%	0.08%	0.02%
	UHAL	D	0.0%	0.08%	0.0%
	UHAL	D	0.02%	0.01%	0.01%
	UHAL	D	0.0%	0.01%	0.0%
	UHS	D	0.05%	0.18%	0.05%
	UTHR	C	0.07%	0.61%	0.07%
	VFC	C	0.03%	0.17%	0.03%
	VICI	C	0.13%	0.27%	0.13%
	VIRT	B	0.01%	0.03%	0.01%
	VMC	B	0.11%	0.14%	0.11%
	VMI	B	0.02%	0.13%	0.02%
	VNT	B	0.02%	0.1%	0.02%
	VOYA	B	0.03%	0.07%	0.03%
	VRSN	F	0.06%	0.58%	0.06%
	VSTS	C	0.01%	0.06%	0.01%
	VTRS	A	0.06%	0.29%	0.06%
	WBA	F	0.03%	0.05%	0.03%
	WEC	A	0.12%	0.35%	0.12%
	WH	B	0.02%	0.05%	0.02%
	WHR	B	0.02%	0.15%	0.02%
	WLK	D	0.02%	0.03%	0.02%
	WPC	D	0.05%	0.2%	0.05%
	WRB	A	0.07%	0.38%	0.07%
	WSC	D	0.02%	0.04%	0.02%
	WSO	A	0.07%	0.24%	0.07%
	WST	C	0.04%	0.29%	0.04%
	WTRG	B	0.04%	0.13%	0.04%
	WTW	B	0.12%	0.27%	0.12%
	WU	D	0.01%	0.13%	0.01%
	WWD	B	0.04%	0.04%	0.04%
	WY	D	0.09%	0.2%	0.09%
	XEL	A	0.15%	0.53%	0.15%
	XRAY	F	0.02%	0.06%	0.02%
	YUM	B	0.09%	0.33%	0.09%
	ZBH	C	0.09%	0.23%	0.09%

VONV Overweight 449 Positions Relative to ONEV

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	JPM	A	2.55%
	XOM	B	2.1%
	UNH	C	1.94%
	JNJ	D	1.54%
	WMT	A	1.42%
	PG	A	1.21%
	BAC	A	1.14%
	CVX	A	1.03%
	WFC	A	0.91%
	CSCO	B	0.89%
	LIN	D	0.88%
	ACN	C	0.87%
	TMO	F	0.84%
	PM	B	0.83%
	ABBV	D	0.82%
	MCD	D	0.79%
	ABT	B	0.78%
	IBM	C	0.76%
	DIS	B	0.71%
	VZ	C	0.71%
	CMCSA	B	0.67%
	T	A	0.65%
	TXN	C	0.65%
	NEE	D	0.65%
	PFE	D	0.64%
	RTX	C	0.64%
	CAT	B	0.63%
	DHR	F	0.63%
	LOW	D	0.6%
	SPGI	C	0.6%
	GE	D	0.59%
	BLK	C	0.58%
	ETN	A	0.53%
	MS	A	0.51%
	COP	C	0.51%
	C	A	0.49%
	BSX	B	0.49%
	GS	A	0.48%
	CB	C	0.46%
	MDT	D	0.46%
	HON	B	0.45%
	MU	D	0.44%
	ADI	D	0.44%
	TMUS	B	0.43%
	KO	D	0.43%
	PLD	D	0.42%
	DE	A	0.41%
	SO	D	0.4%
	UPS	C	0.39%
	AXP	A	0.38%
	SCHW	B	0.38%
	MDLZ	F	0.37%
	INTC	D	0.37%
	MMC	B	0.37%
	DUK	C	0.36%
	SYK	C	0.36%
	ICE	C	0.35%
	BA	F	0.34%
	WELL	A	0.33%
	EQIX	A	0.33%
	GEV	B	0.33%
	AMD	F	0.32%
	HD	A	0.32%
	ELV	F	0.32%
	LMT	D	0.32%
	GD	F	0.32%
	CI	F	0.32%
	REGN	F	0.32%
	CME	A	0.32%
	PYPL	B	0.32%
	PH	A	0.32%
	FI	A	0.31%
	UNP	C	0.3%
	PNC	B	0.3%
	USB	A	0.3%
	APD	A	0.28%
	CEG	D	0.28%
	EOG	A	0.28%
	KKR	A	0.27%
	BDX	F	0.27%
	FCX	D	0.26%
	VRTX	F	0.25%
	COF	B	0.25%
	EMR	A	0.25%
	MRVL	B	0.25%
	WMB	A	0.25%
	MAR	B	0.24%
	AJG	B	0.23%
	OKE	A	0.23%
	NSC	B	0.23%
	TDG	D	0.23%
	GM	B	0.23%
	SLB	C	0.23%
	ROP	B	0.23%
	TFC	A	0.23%
	DLR	B	0.23%
	MMM	D	0.23%
	AFL	B	0.23%
	TT	A	0.22%
	BK	A	0.22%
	MPC	D	0.21%
	O	D	0.21%
	TJX	A	0.21%
	NEM	D	0.21%
	AIG	B	0.2%
	CARR	D	0.2%
	FIS	C	0.2%
	PSX	C	0.2%
	HCA	F	0.2%
	CCI	D	0.19%
	LHX	C	0.19%
	KMI	A	0.19%
	PEP	F	0.19%
	PRU	A	0.18%
	MET	A	0.18%
	ALL	A	0.17%
	VLO	C	0.17%
	CRM	B	0.17%
	JCI	C	0.17%
	PCG	A	0.17%
	MSI	B	0.16%
	MCHP	D	0.16%
	F	C	0.16%
	LEN	D	0.16%
	SPG	B	0.16%
	URI	B	0.16%
	GLW	B	0.15%
	DAL	C	0.15%
	KDP	D	0.15%
	STZ	D	0.15%
	DFS	B	0.15%
	HWM	A	0.15%
	AMGN	D	0.15%
	BKR	B	0.15%
	IR	B	0.15%
	EXR	D	0.14%
	MLM	B	0.14%
	DD	D	0.14%
	DOW	F	0.14%
	ROST	C	0.14%
	NKE	D	0.14%
	MSTR	C	0.14%
	RCL	A	0.13%
	MTB	A	0.13%
	EW	C	0.13%
	IQV	D	0.13%
	WAB	B	0.13%
	APH	A	0.13%
	FANG	D	0.13%
	OXY	D	0.13%
	XYL	D	0.12%
	CSGP	D	0.12%
	FITB	A	0.12%
	ON	D	0.12%
	PWR	A	0.12%
	HPQ	B	0.11%
	GPN	B	0.11%
	VTR	C	0.11%
	SW	A	0.11%
	TTWO	A	0.11%
	STT	A	0.11%
	RJF	A	0.11%
	HLT	A	0.11%
	DELL	C	0.11%
	DVN	F	0.1%
	HAL	C	0.1%
	SBUX	A	0.1%
	BIIB	F	0.1%
	IFF	D	0.1%
	UAL	A	0.1%
	RMD	C	0.1%
	EFX	F	0.1%
	WDC	D	0.09%
	LNG	B	0.09%
	RF	A	0.09%
	CCL	B	0.09%
	PGR	A	0.09%
	HBAN	A	0.09%
	LYB	F	0.09%
	ILMN	D	0.09%
	SQ	B	0.09%
	APO	B	0.08%
	PFG	D	0.08%
	CFG	B	0.08%
	INVH	D	0.08%
	ARE	D	0.08%
	ZM	B	0.08%
	WBD	C	0.08%
	NTRS	A	0.08%
	EQT	B	0.08%
	FSLR	F	0.08%
	SUI	D	0.07%
	CVNA	B	0.07%
	MRNA	F	0.07%
	TRU	D	0.07%
	BLDR	D	0.07%
	RGA	A	0.06%
	VLTO	D	0.06%
	USFD	A	0.06%
	SWK	D	0.06%
	ZTS	D	0.06%
	RVTY	F	0.06%
	TRMB	B	0.06%
	THC	D	0.06%
	TOL	B	0.06%
	AVTR	F	0.06%
	ZBRA	B	0.06%
	IRM	D	0.06%
	APTV	D	0.06%
	MRO	B	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	FNF	B	0.06%
	KIM	A	0.06%
	DOC	D	0.06%
	KEY	B	0.06%
	QCOM	F	0.05%
	FTI	A	0.05%
	CLH	B	0.05%
	UNM	A	0.05%
	COHR	B	0.05%
	AMAT	F	0.05%
	NVT	B	0.05%
	BMRN	D	0.05%
	CDW	F	0.05%
	BXP	D	0.05%
	GLPI	C	0.05%
	REG	B	0.05%
	HES	B	0.05%
	EWBC	A	0.05%
	WBS	A	0.04%
	JLL	D	0.04%
	WAL	B	0.04%
	DRI	B	0.04%
	LAD	A	0.04%
	WYNN	D	0.04%
	FRT	B	0.04%
	FTNT	C	0.04%
	MTCH	D	0.04%
	REXR	F	0.04%
	FHN	A	0.04%
	BKNG	A	0.04%
	DAY	B	0.04%
	SOFI	A	0.04%
	EPAM	C	0.04%
	ARMK	B	0.04%
	DKS	C	0.04%
	AA	B	0.04%
	EL	F	0.04%
	AFRM	B	0.04%
	BLD	D	0.04%
	SF	B	0.04%
	OVV	B	0.04%
	OHI	C	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	PFGC	B	0.04%
	NTNX	A	0.04%
	TPR	B	0.04%
	TWLO	A	0.04%
	CG	A	0.04%
	RRX	B	0.04%
	ALB	C	0.04%
	MKSI	C	0.03%
	MTSI	B	0.03%
	OKTA	C	0.03%
	IVZ	B	0.03%
	ALGN	D	0.03%
	WEX	D	0.03%
	XP	F	0.03%
	BBWI	D	0.03%
	RGEN	D	0.03%
	ATI	D	0.03%
	WMS	D	0.03%
	PARA	C	0.03%
	AGNC	D	0.03%
	ROKU	D	0.03%
	FND	C	0.03%
	DASH	A	0.03%
	BIO	D	0.03%
	WSM	B	0.03%
	PR	B	0.03%
	MHK	D	0.03%
	FICO	B	0.03%
	RRC	B	0.03%
	SNV	B	0.03%
	ONTO	D	0.03%
	Z	A	0.03%
	VNO	B	0.03%
	COLD	D	0.03%
	WAT	B	0.03%
	CFR	B	0.03%
	ZION	B	0.03%
	SHW	A	0.03%
	AR	B	0.03%
	WTFC	A	0.03%
	LW	C	0.03%
	EXAS	D	0.03%
	MTZ	B	0.03%
	CHRD	D	0.03%
	APG	B	0.03%
	RBC	A	0.03%
	TKO	B	0.03%
	PNFP	B	0.03%
	JEF	A	0.03%
	BRX	A	0.03%
	ECL	D	0.03%
	CRBG	B	0.03%
	AAL	B	0.03%
	KBR	F	0.03%
	GMED	A	0.03%
	RIVN	F	0.03%
	ALLY	C	0.03%
	GWRE	A	0.03%
	GME	C	0.03%
	WCC	B	0.03%
	CMA	A	0.03%
	ADP	B	0.03%
	APA	D	0.03%
	MGM	D	0.03%
	MOS	F	0.03%
	CZR	F	0.03%
	PTC	A	0.03%
	X	C	0.03%
	ALNY	D	0.02%
	KMPR	B	0.02%
	RH	B	0.02%
	ACHC	F	0.02%
	TYL	B	0.02%
	AN	C	0.02%
	PAYC	B	0.02%
	W	F	0.02%
	CLF	F	0.02%
	OLED	D	0.02%
	GAP	C	0.02%
	M	D	0.02%
	FRPT	B	0.02%
	LITE	B	0.02%
	TPG	A	0.02%
	WTM	A	0.02%
	BILL	A	0.02%
	AMP	A	0.02%
	AL	B	0.02%
	CUZ	B	0.02%
	DOCS	C	0.02%
	SLM	A	0.02%
	BYD	C	0.02%
	HXL	D	0.02%
	OLN	D	0.02%
	AVT	C	0.02%
	ROIV	C	0.02%
	GNRC	B	0.02%
	ZG	A	0.02%
	FNB	A	0.02%
	KD	B	0.02%
	CROX	D	0.02%
	THO	B	0.02%
	SAIA	B	0.02%
	PVH	C	0.02%
	H	B	0.02%
	OMF	A	0.02%
	MTDR	B	0.02%
	BPOP	B	0.02%
	COIN	C	0.02%
	SRCL	C	0.02%
	LNC	B	0.02%
	S	B	0.02%
	COLB	A	0.02%
	NOV	C	0.02%
	STWD	C	0.02%
	DAR	C	0.02%
	ELAN	D	0.02%
	LYFT	C	0.01%
	TER	D	0.01%
	TRIP	F	0.01%
	WOLF	F	0.01%
	WEN	D	0.01%
	INFA	D	0.01%
	LEN	D	0.01%
	BIRK	D	0.01%
	QS	F	0.01%
	AZEK	A	0.01%
	LPX	B	0.01%
	PSTG	D	0.01%
	CNXC	F	0.01%
	KSS	F	0.01%
	ETSY	D	0.01%
	YETI	C	0.01%
	AZTA	D	0.01%
	BROS	B	0.01%
	LCID	F	0.01%
	GLOB	B	0.01%
	RKT	F	0.01%
	RCM	F	0.01%
	ENOV	C	0.01%
	CPRI	F	0.01%
	JWN	C	0.01%
	ADTN	A	0.01%
	HAYW	B	0.01%
	BOKF	B	0.01%
	MP	B	0.01%
	SHC	F	0.01%
	HHH	B	0.01%
	ULTA	F	0.01%
	SPB	C	0.01%
	CC	C	0.01%
	ALGM	D	0.01%
	VAC	B	0.01%
	CLVT	F	0.01%
	MPW	F	0.01%
	COTY	F	0.01%
	AMKR	D	0.01%
	PK	B	0.01%
	BHF	B	0.01%
	MASI	A	0.01%
	PENN	C	0.01%
	AM	A	0.01%
	CPRT	A	0.01%
	PLNT	A	0.01%
	SPR	D	0.01%
	U	C	0.01%
	EPR	D	0.01%
	ZI	D	0.01%
	CIVI	D	0.01%
	DXC	B	0.01%
	IAC	D	0.01%
	GFS	C	0.01%
	CTAS	B	0.01%
	SMG	D	0.01%
	UWMC	D	0.0%
	SEG	B	0.0%
	NFE	D	0.0%
	IONS	F	0.0%
	TXG	F	0.0%
	PLTK	B	0.0%
	UI	A	0.0%
	TFSL	A	0.0%
	PATH	C	0.0%
	DJT	C	0.0%
	CAR	C	0.0%
	LSCC	D	0.0%
	PYCR	C	0.0%
	HCP	B	0.0%
	DV	C	0.0%
	DDS	B	0.0%
	HAS	D	0.0%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 22 Positions Relative to ONEV

	Symbol	Grade	Weight
	COR	B	-0.67%
	TSCO	D	-0.49%
	POOL	C	-0.37%
	GDDY	A	-0.32%
	CLX	B	-0.3%
	MUSA	A	-0.27%
	VRSK	A	-0.26%
	VST	B	-0.24%
	CPAY	A	-0.24%
	BAH	F	-0.22%
	ROL	B	-0.21%
	DVA	B	-0.2%
	ODFL	B	-0.18%
	VVV	F	-0.18%
	LII	A	-0.17%
	KNSL	B	-0.17%
	LPLA	A	-0.17%
	AAON	B	-0.12%
	FIX	A	-0.12%
	TXRH	C	-0.12%
	NBIX	C	-0.11%
	MORN	B	-0.06%

VONV: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Utilities - Regulated Electric Software - Application Asset Management Oil & Gas E&P Business Services Semiconductors Biotechnology Diagnostics & Research Specialty Retail Capital Markets Packaged Foods Specialty Chemicals Information Technology Services Insurance - Property & Casualty Packaging & Containers Aerospace & Defense Software - Infrastructure REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Bank Electronics Banking Computing Real Estate Investment Trust Chemical Aerospace Electricity Mining Telecommunications Insurance Products Semiconductor Biotechnology Dow Jones Component Beverage Medicine

ONEV: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Packaged Foods Business Services Packaging & Containers Insurance - Property & Casualty Specialty Retail Capital Markets Biotechnology REIT - Residential Building Materials Diagnostics & Research Medical Instruments & Supplies Scientific & Technical Instruments Utilities - Diversified Apparel Manufacturing Asset Management Household & Personal Products REIT - Industrial Specialty Chemicals

Keywords: S&P 500 Electricity Insurance Electronics Nasdaq 100 Natural Gas Chemical Aerospace Mining Real Estate Investment Trust Beverage Telecommunications Insurance Products Plastic Transport Adhesives Biotechnology Metals Plumbing Banking