VONV vs. SSPY ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Syntax Stratified LargeCap ETF (SSPY)

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

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$82.04

Average Daily Volume

2,303

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	VONV	SSPY
30 Days	3.51%	4.23%
60 Days	4.96%	1.79%
90 Days	7.00%	3.72%
12 Months	29.73%	23.81%

436 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in SSPY	Overlap
	A	D	0.15%	0.15%	0.15%
	ABBV	D	0.82%	0.24%	0.24%
	ABT	B	0.78%	0.06%	0.06%
	ACGL	D	0.14%	0.14%	0.14%
	ACN	C	0.87%	0.13%	0.13%
	ADI	D	0.44%	0.22%	0.22%
	ADM	D	0.11%	0.37%	0.11%
	ADP	B	0.03%	0.21%	0.03%
	AEE	A	0.09%	0.08%	0.08%
	AEP	D	0.21%	0.24%	0.21%
	AES	F	0.05%	0.32%	0.05%
	AFL	B	0.23%	0.2%	0.2%
	AIG	B	0.2%	0.2%	0.2%
	AIZ	A	0.04%	0.2%	0.04%
	AJG	B	0.23%	0.03%	0.03%
	AKAM	D	0.06%	0.27%	0.06%
	ALB	C	0.04%	0.05%	0.04%
	ALGN	D	0.03%	0.1%	0.03%
	ALL	A	0.17%	0.2%	0.17%
	ALLE	D	0.05%	0.08%	0.05%
	AMAT	F	0.05%	0.18%	0.05%
	AMCR	D	0.06%	0.13%	0.06%
	AMD	F	0.32%	0.14%	0.14%
	AME	A	0.17%	0.13%	0.13%
	AMGN	D	0.15%	0.24%	0.15%
	AMP	A	0.02%	0.08%	0.02%
	ANSS	B	0.11%	0.17%	0.11%
	AON	A	0.29%	0.04%	0.04%
	AOS	F	0.04%	0.21%	0.04%
	APA	D	0.03%	0.07%	0.03%
	APD	A	0.28%	0.05%	0.05%
	APH	A	0.13%	0.19%	0.13%
	APTV	D	0.06%	0.4%	0.06%
	ARE	D	0.08%	0.11%	0.08%
	ATO	A	0.08%	0.33%	0.08%
	AVB	B	0.13%	0.1%	0.1%
	AVY	D	0.04%	0.06%	0.04%
	AWK	D	0.11%	0.32%	0.11%
	AXP	A	0.38%	0.04%	0.04%
	AZO	C	0.02%	0.14%	0.02%
	BA	F	0.34%	0.16%	0.16%
	BAC	A	1.14%	0.12%	0.12%
	BALL	D	0.07%	0.13%	0.07%
	BAX	D	0.07%	0.05%	0.05%
	BBWI	D	0.03%	0.19%	0.03%
	BBY	D	0.08%	0.17%	0.08%
	BDX	F	0.27%	0.05%	0.05%
	BEN	C	0.02%	0.09%	0.02%
	BG	F	0.05%	0.37%	0.05%
	BIIB	F	0.1%	0.24%	0.1%
	BK	A	0.22%	0.11%	0.11%
	BKNG	A	0.04%	0.11%	0.04%
	BKR	B	0.15%	0.35%	0.15%
	BLDR	D	0.07%	0.19%	0.07%
	BLK	C	0.58%	0.08%	0.08%
	BMY	B	0.45%	0.25%	0.25%
	BR	A	0.01%	0.11%	0.01%
	BRK.A	B	3.3%	0.5%	0.5%
	BRO	B	0.06%	0.04%	0.04%
	BSX	B	0.49%	0.06%	0.06%
	BWA	D	0.03%	0.42%	0.03%
	BXP	D	0.05%	0.11%	0.05%
	C	A	0.49%	0.13%	0.13%
	CAG	D	0.06%	0.21%	0.06%
	CAH	B	0.04%	0.19%	0.04%
	CARR	D	0.2%	0.08%	0.08%
	CAT	B	0.63%	0.14%	0.14%
	CB	C	0.46%	0.14%	0.14%
	CBOE	B	0.09%	0.04%	0.04%
	CBRE	B	0.16%	0.04%	0.04%
	CCI	D	0.19%	0.06%	0.06%
	CCL	B	0.09%	0.09%	0.09%
	CDW	F	0.05%	0.13%	0.05%
	CE	F	0.04%	0.07%	0.04%
	CEG	D	0.28%	0.38%	0.28%
	CF	B	0.06%	0.09%	0.06%
	CFG	B	0.08%	0.06%	0.06%
	CHD	B	0.1%	0.42%	0.1%
	CHRW	C	0.05%	0.09%	0.05%
	CHTR	C	0.12%	0.47%	0.12%
	CI	F	0.32%	0.19%	0.19%
	CINF	A	0.09%	0.14%	0.09%
	CL	D	0.14%	0.41%	0.14%
	CMCSA	B	0.67%	0.52%	0.52%
	CME	A	0.32%	0.04%	0.04%
	CMI	A	0.18%	0.08%	0.08%
	CMS	C	0.08%	0.08%	0.08%
	CNC	D	0.13%	0.26%	0.13%
	CNP	B	0.07%	0.26%	0.07%
	COF	B	0.25%	0.7%	0.25%
	COP	C	0.51%	0.07%	0.07%
	CPB	D	0.04%	0.2%	0.04%
	CPRT	A	0.01%	0.23%	0.01%
	CPT	B	0.05%	0.11%	0.05%
	CRL	C	0.04%	0.14%	0.04%
	CRM	B	0.17%	0.35%	0.17%
	CSCO	B	0.89%	0.21%	0.21%
	CSGP	D	0.12%	0.04%	0.04%
	CSX	B	0.26%	0.08%	0.08%
	CTAS	B	0.01%	0.18%	0.01%
	CTLT	B	0.04%	0.25%	0.04%
	CTRA	B	0.07%	0.17%	0.07%
	CTSH	B	0.15%	0.13%	0.13%
	CTVA	C	0.17%	0.08%	0.08%
	CVS	D	0.29%	0.69%	0.29%
	CVX	A	1.03%	0.76%	0.76%
	CZR	F	0.03%	0.07%	0.03%
	D	C	0.2%	0.24%	0.2%
	DAL	C	0.15%	0.28%	0.15%
	DAY	B	0.04%	0.22%	0.04%
	DD	D	0.14%	0.05%	0.05%
	DE	A	0.41%	0.13%	0.13%
	DELL	C	0.11%	0.17%	0.11%
	DFS	B	0.15%	0.69%	0.15%
	DG	F	0.07%	0.17%	0.07%
	DGX	A	0.07%	0.16%	0.07%
	DHI	D	0.2%	0.24%	0.2%
	DHR	F	0.63%	0.1%	0.1%
	DIS	B	0.71%	0.21%	0.21%
	DLR	B	0.23%	0.26%	0.23%
	DLTR	F	0.05%	0.17%	0.05%
	DOC	D	0.06%	0.11%	0.06%
	DOV	A	0.1%	0.17%	0.1%
	DOW	F	0.14%	0.07%	0.07%
	DPZ	C	0.04%	0.52%	0.04%
	DRI	B	0.04%	0.51%	0.04%
	DTE	C	0.1%	0.25%	0.1%
	DUK	C	0.36%	0.07%	0.07%
	DVN	F	0.1%	0.16%	0.1%
	EA	A	0.16%	0.49%	0.16%
	EBAY	D	0.12%	0.22%	0.12%
	ECL	D	0.03%	0.05%	0.03%
	ED	D	0.14%	0.24%	0.14%
	EFX	F	0.1%	0.04%	0.04%
	EG	C	0.05%	0.14%	0.05%
	EIX	B	0.13%	0.25%	0.13%
	EL	F	0.04%	0.5%	0.04%
	ELV	F	0.32%	0.24%	0.24%
	EMN	D	0.05%	0.05%	0.05%
	EMR	A	0.25%	0.03%	0.03%
	EOG	A	0.28%	0.07%	0.07%
	EPAM	C	0.04%	0.13%	0.04%
	EQIX	A	0.33%	0.27%	0.27%
	EQR	B	0.11%	0.1%	0.1%
	EQT	B	0.08%	0.18%	0.08%
	ES	D	0.09%	0.07%	0.07%
	ESS	B	0.07%	0.1%	0.07%
	ETN	A	0.53%	0.26%	0.26%
	ETR	B	0.13%	0.25%	0.13%
	EVRG	A	0.05%	0.08%	0.05%
	EW	C	0.13%	0.06%	0.06%
	EXC	C	0.16%	0.3%	0.16%
	EXPD	D	0.06%	0.09%	0.06%
	EXR	D	0.14%	0.11%	0.11%
	F	C	0.16%	0.25%	0.16%
	FANG	D	0.13%	0.07%	0.07%
	FAST	B	0.03%	0.13%	0.03%
	FCX	D	0.26%	0.3%	0.26%
	FDS	B	0.04%	0.04%	0.04%
	FDX	B	0.25%	0.07%	0.07%
	FE	C	0.1%	0.24%	0.1%
	FFIV	B	0.05%	0.21%	0.05%
	FI	A	0.31%	0.06%	0.06%
	FICO	B	0.03%	0.05%	0.03%
	FIS	C	0.2%	0.05%	0.05%
	FITB	A	0.12%	0.06%	0.06%
	FMC	D	0.03%	0.09%	0.03%
	FOX	A	0.02%	0.1%	0.02%
	FOXA	B	0.04%	0.1%	0.04%
	FRT	B	0.04%	0.06%	0.04%
	FSLR	F	0.08%	0.2%	0.08%
	FTNT	C	0.04%	0.17%	0.04%
	FTV	C	0.1%	0.03%	0.03%
	GD	F	0.32%	0.16%	0.16%
	GE	D	0.59%	0.17%	0.17%
	GEHC	F	0.14%	0.1%	0.1%
	GEN	B	0.06%	0.17%	0.06%
	GEV	B	0.33%	0.18%	0.18%
	GILD	C	0.44%	0.25%	0.25%
	GIS	D	0.15%	0.21%	0.15%
	GL	B	0.04%	0.2%	0.04%
	GLW	B	0.15%	0.19%	0.15%
	GM	B	0.23%	0.25%	0.23%
	GNRC	B	0.02%	0.08%	0.02%
	GPC	D	0.06%	0.15%	0.06%
	GPN	B	0.11%	0.04%	0.04%
	GRMN	B	0.12%	0.33%	0.12%
	GS	A	0.48%	0.25%	0.25%
	GWW	B	0.02%	0.12%	0.02%
	HAL	C	0.1%	0.34%	0.1%
	HAS	D	0.0%	0.26%	0.0%
	HBAN	A	0.09%	0.06%	0.06%
	HCA	F	0.2%	0.33%	0.2%
	HD	A	0.32%	0.26%	0.26%
	HES	B	0.05%	0.07%	0.05%
	HIG	B	0.13%	0.14%	0.13%
	HII	D	0.03%	0.08%	0.03%
	HLT	A	0.11%	0.12%	0.11%
	HOLX	D	0.07%	0.1%	0.07%
	HON	B	0.45%	0.17%	0.17%
	HPE	B	0.1%	0.19%	0.1%
	HPQ	B	0.11%	0.35%	0.11%
	HRL	D	0.04%	0.36%	0.04%
	HSIC	B	0.04%	0.2%	0.04%
	HST	C	0.05%	0.11%	0.05%
	HSY	F	0.09%	0.18%	0.09%
	HUBB	B	0.09%	0.26%	0.09%
	HUM	C	0.12%	0.26%	0.12%
	HWM	A	0.15%	0.08%	0.08%
	IBM	C	0.76%	0.34%	0.34%
	ICE	C	0.35%	0.04%	0.04%
	IEX	B	0.07%	0.2%	0.07%
	IFF	D	0.1%	0.05%	0.05%
	INCY	C	0.04%	0.25%	0.04%
	INTC	D	0.37%	0.16%	0.16%
	INVH	D	0.08%	0.1%	0.08%
	IP	B	0.08%	0.06%	0.06%
	IPG	D	0.04%	0.34%	0.04%
	IQV	D	0.13%	0.14%	0.13%
	IR	B	0.15%	0.2%	0.15%
	IRM	D	0.06%	0.06%	0.06%
	ITW	B	0.19%	0.17%	0.17%
	IVZ	B	0.03%	0.09%	0.03%
	J	F	0.07%	0.4%	0.07%
	JBHT	C	0.06%	0.08%	0.06%
	JBL	B	0.05%	0.38%	0.05%
	JCI	C	0.17%	0.08%	0.08%
	JKHY	D	0.05%	0.05%	0.05%
	JNJ	D	1.54%	0.24%	0.24%
	JNPR	F	0.05%	0.2%	0.05%
	JPM	A	2.55%	0.13%	0.13%
	K	A	0.08%	0.18%	0.08%
	KDP	D	0.15%	0.24%	0.15%
	KEY	B	0.06%	0.06%	0.06%
	KEYS	A	0.1%	0.21%	0.1%
	KHC	F	0.12%	0.21%	0.12%
	KIM	A	0.06%	0.06%	0.06%
	KKR	A	0.27%	0.09%	0.09%
	KMB	D	0.11%	0.42%	0.11%
	KMI	A	0.19%	0.25%	0.19%
	KMX	B	0.04%	0.14%	0.04%
	KO	D	0.43%	0.25%	0.25%
	KR	B	0.15%	0.74%	0.15%
	KVUE	A	0.18%	0.42%	0.18%
	L	A	0.06%	0.49%	0.06%
	LDOS	C	0.1%	0.13%	0.1%
	LEN	D	0.16%	0.25%	0.16%
	LEN	D	0.01%	0.25%	0.01%
	LH	C	0.08%	0.16%	0.08%
	LHX	C	0.19%	0.08%	0.08%
	LIN	D	0.88%	0.04%	0.04%
	LKQ	D	0.04%	0.14%	0.04%
	LMT	D	0.32%	0.09%	0.09%
	LNT	A	0.06%	0.08%	0.06%
	LOW	D	0.6%	0.26%	0.26%
	LUV	C	0.07%	0.25%	0.07%
	LW	C	0.03%	0.22%	0.03%
	LYB	F	0.09%	0.07%	0.07%
	MAA	B	0.07%	0.1%	0.07%
	MAR	B	0.24%	0.12%	0.12%
	MAS	D	0.07%	0.19%	0.07%
	MCD	D	0.79%	0.5%	0.5%
	MCHP	D	0.16%	0.14%	0.14%
	MCK	B	0.15%	0.18%	0.15%
	MDLZ	F	0.37%	0.18%	0.18%
	MDT	D	0.46%	0.06%	0.06%
	MET	A	0.18%	0.21%	0.18%
	MGM	D	0.03%	0.07%	0.03%
	MHK	D	0.03%	0.19%	0.03%
	MKC	D	0.08%	0.21%	0.08%
	MKTX	D	0.04%	0.04%	0.04%
	MLM	B	0.14%	0.17%	0.14%
	MMC	B	0.37%	0.04%	0.04%
	MMM	D	0.23%	0.17%	0.17%
	MNST	C	0.03%	0.25%	0.03%
	MO	A	0.37%	0.35%	0.35%
	MOH	F	0.03%	0.25%	0.03%
	MOS	F	0.03%	0.08%	0.03%
	MPC	D	0.21%	0.49%	0.21%
	MRNA	F	0.07%	0.24%	0.07%
	MRO	B	0.06%	0.07%	0.06%
	MS	A	0.51%	0.26%	0.26%
	MSCI	C	0.07%	0.04%	0.04%
	MSI	B	0.16%	0.49%	0.16%
	MTB	A	0.13%	0.06%	0.06%
	MTCH	D	0.04%	0.47%	0.04%
	MTD	D	0.11%	0.15%	0.11%
	MU	D	0.44%	0.15%	0.15%
	NDAQ	A	0.12%	0.04%	0.04%
	NDSN	B	0.06%	0.03%	0.03%
	NEE	D	0.65%	0.24%	0.24%
	NEM	D	0.21%	0.25%	0.21%
	NI	A	0.06%	0.33%	0.06%
	NKE	D	0.14%	0.33%	0.14%
	NOC	D	0.28%	0.09%	0.09%
	NRG	B	0.04%	0.33%	0.04%
	NSC	B	0.23%	0.08%	0.08%
	NTAP	C	0.05%	0.17%	0.05%
	NTRS	A	0.08%	0.08%	0.08%
	NUE	C	0.14%	0.26%	0.14%
	NVR	D	0.1%	0.26%	0.1%
	NWS	B	0.01%	0.1%	0.01%
	NWSA	B	0.04%	0.1%	0.04%
	O	D	0.21%	0.07%	0.07%
	OKE	A	0.23%	0.24%	0.23%
	OMC	C	0.08%	0.34%	0.08%
	ON	D	0.12%	0.23%	0.12%
	ORLY	B	0.02%	0.14%	0.02%
	OTIS	C	0.16%	0.08%	0.08%
	OXY	D	0.13%	0.07%	0.07%
	PARA	C	0.03%	0.2%	0.03%
	PAYC	B	0.02%	0.22%	0.02%
	PAYX	C	0.11%	0.21%	0.11%
	PCAR	B	0.21%	0.13%	0.13%
	PCG	A	0.17%	0.08%	0.08%
	PEG	A	0.18%	0.26%	0.18%
	PEP	F	0.19%	0.18%	0.18%
	PFE	D	0.64%	0.24%	0.24%
	PFG	D	0.08%	0.21%	0.08%
	PG	A	1.21%	0.42%	0.42%
	PGR	A	0.09%	0.19%	0.09%
	PH	A	0.32%	0.08%	0.08%
	PHM	D	0.11%	0.25%	0.11%
	PKG	A	0.08%	0.06%	0.06%
	PLD	D	0.42%	0.06%	0.06%
	PM	B	0.83%	0.35%	0.35%
	PNC	B	0.3%	0.06%	0.06%
	PNR	A	0.07%	0.19%	0.07%
	PNW	B	0.04%	0.07%	0.04%
	PPG	F	0.12%	0.07%	0.07%
	PPL	B	0.1%	0.08%	0.08%
	PRU	A	0.18%	0.2%	0.18%
	PSA	D	0.18%	0.11%	0.11%
	PSX	C	0.2%	0.51%	0.2%
	PTC	A	0.03%	0.17%	0.03%
	PWR	A	0.12%	0.4%	0.12%
	PYPL	B	0.32%	0.06%	0.06%
	QCOM	F	0.05%	0.22%	0.05%
	QRVO	F	0.03%	0.21%	0.03%
	RCL	A	0.13%	0.09%	0.09%
	REG	B	0.05%	0.06%	0.05%
	REGN	F	0.32%	0.22%	0.22%
	RF	A	0.09%	0.06%	0.06%
	RJF	A	0.11%	0.25%	0.11%
	RL	B	0.03%	0.32%	0.03%
	RMD	C	0.1%	0.09%	0.09%
	ROK	B	0.11%	0.03%	0.03%
	ROP	B	0.23%	0.03%	0.03%
	ROST	C	0.14%	0.72%	0.14%
	RSG	A	0.16%	0.18%	0.16%
	RTX	C	0.64%	0.08%	0.08%
	RVTY	F	0.06%	0.1%	0.06%
	SBAC	D	0.1%	0.06%	0.06%
	SBUX	A	0.1%	0.48%	0.1%
	SCHW	B	0.38%	0.25%	0.25%
	SHW	A	0.03%	0.06%	0.03%
	SJM	D	0.05%	0.21%	0.05%
	SLB	C	0.23%	0.35%	0.23%
	SNA	A	0.07%	0.25%	0.07%
	SO	D	0.4%	0.08%	0.08%
	SOLV	C	0.04%	0.05%	0.04%
	SPG	B	0.16%	0.07%	0.07%
	SPGI	C	0.6%	0.04%	0.04%
	SRE	A	0.21%	0.08%	0.08%
	STE	F	0.09%	0.12%	0.09%
	STLD	B	0.08%	0.27%	0.08%
	STT	A	0.11%	0.12%	0.11%
	STZ	D	0.15%	0.25%	0.15%
	SW	A	0.11%	0.07%	0.07%
	SWK	D	0.06%	0.27%	0.06%
	SWKS	F	0.06%	0.21%	0.06%
	SYF	B	0.09%	0.69%	0.09%
	SYK	C	0.36%	0.12%	0.12%
	SYY	B	0.06%	0.75%	0.06%
	T	A	0.65%	0.33%	0.33%
	TAP	C	0.04%	0.25%	0.04%
	TDG	D	0.23%	0.08%	0.08%
	TDY	B	0.08%	0.03%	0.03%
	TECH	D	0.05%	0.15%	0.05%
	TER	D	0.01%	0.17%	0.01%
	TFC	A	0.23%	0.06%	0.06%
	TFX	F	0.04%	0.05%	0.04%
	TGT	F	0.28%	0.17%	0.17%
	TJX	A	0.21%	0.72%	0.21%
	TMO	F	0.84%	0.14%	0.14%
	TMUS	B	0.43%	0.33%	0.33%
	TPR	B	0.04%	0.33%	0.04%
	TRMB	B	0.06%	0.03%	0.03%
	TROW	B	0.1%	0.09%	0.09%
	TRV	B	0.22%	0.14%	0.14%
	TSN	B	0.07%	0.36%	0.07%
	TT	A	0.22%	0.07%	0.07%
	TTWO	A	0.11%	0.49%	0.11%
	TXN	C	0.65%	0.23%	0.23%
	TXT	D	0.06%	0.16%	0.06%
	TYL	B	0.02%	0.22%	0.02%
	UAL	A	0.1%	0.28%	0.1%
	UDR	B	0.06%	0.1%	0.06%
	UHS	D	0.05%	0.32%	0.05%
	ULTA	F	0.01%	0.17%	0.01%
	UNH	C	1.94%	0.26%	0.26%
	UNP	C	0.3%	0.08%	0.08%
	UPS	C	0.39%	0.09%	0.09%
	URI	B	0.16%	0.14%	0.14%
	USB	A	0.3%	0.06%	0.06%
	VICI	C	0.13%	0.06%	0.06%
	VLO	C	0.17%	0.5%	0.17%
	VLTO	D	0.06%	0.03%	0.03%
	VMC	B	0.11%	0.17%	0.11%
	VRSN	F	0.06%	0.27%	0.06%
	VRTX	F	0.25%	0.23%	0.23%
	VTR	C	0.11%	0.11%	0.11%
	VTRS	A	0.06%	0.24%	0.06%
	VZ	C	0.71%	0.33%	0.33%
	WAB	B	0.13%	0.13%	0.13%
	WAT	B	0.03%	0.15%	0.03%
	WBA	F	0.03%	0.64%	0.03%
	WBD	C	0.08%	0.19%	0.08%
	WDC	D	0.09%	0.17%	0.09%
	WEC	A	0.12%	0.07%	0.07%
	WELL	A	0.33%	0.11%	0.11%
	WFC	A	0.91%	0.13%	0.13%
	WMB	A	0.25%	0.25%	0.25%
	WMT	A	1.42%	0.73%	0.73%
	WRB	A	0.07%	0.14%	0.07%
	WST	C	0.04%	0.05%	0.04%
	WTW	B	0.12%	0.03%	0.03%
	WY	D	0.09%	0.17%	0.09%
	WYNN	D	0.04%	0.08%	0.04%
	XEL	A	0.15%	0.08%	0.08%
	XOM	B	2.1%	0.77%	0.77%
	XYL	D	0.12%	0.19%	0.12%
	YUM	B	0.09%	0.51%	0.09%
	ZBH	C	0.09%	0.12%	0.09%
	ZBRA	B	0.06%	0.13%	0.06%
	ZTS	D	0.06%	0.25%	0.06%

VONV Overweight 406 Positions Relative to SSPY

	Symbol	Grade	Weight
	MRVL	B	0.25%
	MSTR	C	0.14%
	LNG	B	0.09%
	ILMN	D	0.09%
	FCNCA	A	0.09%
	SQ	B	0.09%
	APO	B	0.08%
	ZM	B	0.08%
	UTHR	C	0.07%
	RS	B	0.07%
	SUI	D	0.07%
	WSO	A	0.07%
	CSL	C	0.07%
	CVNA	B	0.07%
	TRU	D	0.07%
	RGA	A	0.06%
	USFD	A	0.06%
	ACM	A	0.06%
	THC	D	0.06%
	TOL	B	0.06%
	SSNC	B	0.06%
	MKL	A	0.06%
	AVTR	F	0.06%
	OC	A	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	FNF	B	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	CLH	B	0.05%
	UNM	A	0.05%
	AMH	D	0.05%
	WPC	D	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	COHR	B	0.05%
	NVT	B	0.05%
	BMRN	D	0.05%
	RPM	A	0.05%
	EME	C	0.05%
	ELS	C	0.05%
	GLPI	C	0.05%
	CW	B	0.05%
	RNR	C	0.05%
	EWBC	A	0.05%
	GGG	B	0.05%
	DTM	B	0.04%
	FYBR	D	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	WBS	A	0.04%
	JLL	D	0.04%
	TW	A	0.04%
	WAL	B	0.04%
	NYT	C	0.04%
	LAD	A	0.04%
	CIEN	B	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	EVR	B	0.04%
	PRI	A	0.04%
	RGLD	C	0.04%
	SOFI	A	0.04%
	WTRG	B	0.04%
	CNH	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	DKS	C	0.04%
	AA	B	0.04%
	DOX	D	0.04%
	AFRM	B	0.04%
	TTEK	F	0.04%
	FBIN	D	0.04%
	BLD	D	0.04%
	SF	B	0.04%
	OVV	B	0.04%
	OHI	C	0.04%
	RPRX	D	0.04%
	PFGC	B	0.04%
	CUBE	D	0.04%
	NTNX	A	0.04%
	TWLO	A	0.04%
	CCK	C	0.04%
	CG	A	0.04%
	RRX	B	0.04%
	ATR	B	0.04%
	BJ	A	0.04%
	LSTR	D	0.03%
	MKSI	C	0.03%
	ARW	D	0.03%
	MTSI	B	0.03%
	OKTA	C	0.03%
	WEX	D	0.03%
	XP	F	0.03%
	FAF	A	0.03%
	RGEN	D	0.03%
	MTG	C	0.03%
	ATI	D	0.03%
	SIRI	C	0.03%
	WMS	D	0.03%
	BFAM	D	0.03%
	CGNX	C	0.03%
	PB	A	0.03%
	OSK	B	0.03%
	KEX	C	0.03%
	HRB	D	0.03%
	G	B	0.03%
	STAG	F	0.03%
	JAZZ	B	0.03%
	COKE	C	0.03%
	RHI	B	0.03%
	FCN	D	0.03%
	MAT	D	0.03%
	AGNC	D	0.03%
	ROKU	D	0.03%
	FND	C	0.03%
	MIDD	C	0.03%
	SSD	D	0.03%
	DASH	A	0.03%
	FR	C	0.03%
	FLS	B	0.03%
	BIO	D	0.03%
	ESAB	B	0.03%
	WSM	B	0.03%
	GNTX	C	0.03%
	PR	B	0.03%
	GXO	B	0.03%
	LBRDK	C	0.03%
	RRC	B	0.03%
	SNV	B	0.03%
	CHE	D	0.03%
	ONTO	D	0.03%
	VFC	C	0.03%
	Z	A	0.03%
	VNO	B	0.03%
	COLD	D	0.03%
	ADC	B	0.03%
	SKX	D	0.03%
	SAIC	F	0.03%
	SEIC	B	0.03%
	CBSH	A	0.03%
	CFR	B	0.03%
	ZION	B	0.03%
	AR	B	0.03%
	WTFC	A	0.03%
	ACI	C	0.03%
	EXAS	D	0.03%
	LECO	B	0.03%
	CR	A	0.03%
	MTZ	B	0.03%
	CHRD	D	0.03%
	APG	B	0.03%
	NNN	D	0.03%
	RBC	A	0.03%
	TKO	B	0.03%
	OGE	B	0.03%
	PNFP	B	0.03%
	JEF	A	0.03%
	BERY	B	0.03%
	BRX	A	0.03%
	VOYA	B	0.03%
	CRBG	B	0.03%
	KNX	B	0.03%
	AAL	B	0.03%
	KBR	F	0.03%
	HLI	B	0.03%
	GMED	A	0.03%
	EGP	F	0.03%
	RIVN	F	0.03%
	ALLY	C	0.03%
	GWRE	A	0.03%
	GME	C	0.03%
	AXTA	A	0.03%
	WCC	B	0.03%
	GPK	C	0.03%
	TTC	D	0.03%
	CMA	A	0.03%
	BRBR	A	0.03%
	LAMR	D	0.03%
	ORI	A	0.03%
	X	C	0.03%
	SNX	C	0.03%
	INGR	B	0.03%
	ALNY	D	0.02%
	KMPR	B	0.02%
	MSGS	A	0.02%
	RH	B	0.02%
	HOG	D	0.02%
	ACHC	F	0.02%
	AN	C	0.02%
	SITE	D	0.02%
	GTES	A	0.02%
	W	F	0.02%
	AWI	A	0.02%
	CLF	F	0.02%
	FLO	D	0.02%
	UHAL	D	0.02%
	OLED	D	0.02%
	GAP	C	0.02%
	M	D	0.02%
	FRPT	B	0.02%
	ASH	D	0.02%
	EEFT	B	0.02%
	SLGN	A	0.02%
	LITE	B	0.02%
	DLB	B	0.02%
	TPG	A	0.02%
	DBX	B	0.02%
	AGO	B	0.02%
	WSC	D	0.02%
	WTM	A	0.02%
	WLK	D	0.02%
	BILL	A	0.02%
	RYN	D	0.02%
	OZK	B	0.02%
	XRAY	F	0.02%
	AL	B	0.02%
	CUZ	B	0.02%
	KRC	C	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%
	OGN	D	0.02%
	SN	D	0.02%
	ROIV	C	0.02%
	PSN	D	0.02%
	SEE	C	0.02%
	UGI	A	0.02%
	ZG	A	0.02%
	SON	D	0.02%
	ST	F	0.02%
	FNB	A	0.02%
	KD	B	0.02%
	IDA	A	0.02%
	CROX	D	0.02%
	THO	B	0.02%
	THG	A	0.02%
	JHG	A	0.02%
	TKR	D	0.02%
	POST	C	0.02%
	SAIA	B	0.02%
	BC	C	0.02%
	LEA	D	0.02%
	PVH	C	0.02%
	H	B	0.02%
	WHR	B	0.02%
	NFG	A	0.02%
	OMF	A	0.02%
	OLLI	D	0.02%
	MTDR	B	0.02%
	BPOP	B	0.02%
	COIN	C	0.02%
	SRCL	C	0.02%
	VNT	B	0.02%
	MDU	D	0.02%
	CRUS	D	0.02%
	LNC	B	0.02%
	S	B	0.02%
	COLB	A	0.02%
	LFUS	F	0.02%
	ALK	C	0.02%
	ESI	A	0.02%
	AXS	A	0.02%
	DINO	D	0.02%
	RLI	B	0.02%
	AMG	B	0.02%
	NOV	C	0.02%
	MSA	D	0.02%
	STWD	C	0.02%
	WH	B	0.02%
	DAR	C	0.02%
	VMI	B	0.02%
	ELAN	D	0.02%
	AGCO	D	0.02%
	R	B	0.02%
	UA	C	0.01%
	SNDR	B	0.01%
	FTRE	D	0.01%
	GO	C	0.01%
	LYFT	C	0.01%
	REYN	D	0.01%
	EXEL	B	0.01%
	LEG	F	0.01%
	TRIP	F	0.01%
	WOLF	F	0.01%
	WEN	D	0.01%
	INFA	D	0.01%
	VSTS	C	0.01%
	BIRK	D	0.01%
	PPC	C	0.01%
	QS	F	0.01%
	UAA	C	0.01%
	AZEK	A	0.01%
	LPX	B	0.01%
	CRI	D	0.01%
	PSTG	D	0.01%
	PINC	B	0.01%
	CNXC	F	0.01%
	KSS	F	0.01%
	SAM	C	0.01%
	ETSY	D	0.01%
	YETI	C	0.01%
	AAP	C	0.01%
	AZTA	D	0.01%
	BROS	B	0.01%
	LCID	F	0.01%
	GLOB	B	0.01%
	IPGP	D	0.01%
	RKT	F	0.01%
	RCM	F	0.01%
	BRKR	D	0.01%
	ENOV	C	0.01%
	CPRI	F	0.01%
	JWN	C	0.01%
	ADTN	A	0.01%
	EXP	A	0.01%
	HAYW	B	0.01%
	BOKF	B	0.01%
	MP	B	0.01%
	SHC	F	0.01%
	HHH	B	0.01%
	SPB	C	0.01%
	CWEN	C	0.01%
	CC	C	0.01%
	VIRT	B	0.01%
	AGR	B	0.01%
	ALGM	D	0.01%
	CXT	B	0.01%
	VAC	B	0.01%
	CLVT	F	0.01%
	COLM	B	0.01%
	LOPE	B	0.01%
	MPW	F	0.01%
	PAG	B	0.01%
	COTY	F	0.01%
	AMKR	D	0.01%
	PK	B	0.01%
	NSA	D	0.01%
	CNM	D	0.01%
	BHF	B	0.01%
	MAN	D	0.01%
	MASI	A	0.01%
	PENN	C	0.01%
	WU	D	0.01%
	AM	A	0.01%
	AMED	F	0.01%
	IRDM	D	0.01%
	PLNT	A	0.01%
	FHB	A	0.01%
	TNL	A	0.01%
	SPR	D	0.01%
	U	C	0.01%
	NXST	C	0.01%
	EPR	D	0.01%
	ZI	D	0.01%
	PRGO	B	0.01%
	HIW	D	0.01%
	CIVI	D	0.01%
	DXC	B	0.01%
	IAC	D	0.01%
	NEU	C	0.01%
	PII	D	0.01%
	GFS	C	0.01%
	MSM	C	0.01%
	NVST	B	0.01%
	DNB	B	0.01%
	HUN	F	0.01%
	NWL	B	0.01%
	SMG	D	0.01%
	UHAL	D	0.0%
	UWMC	D	0.0%
	SEG	B	0.0%
	NFE	D	0.0%
	IONS	F	0.0%
	TXG	F	0.0%
	PLTK	B	0.0%
	CHH	A	0.0%
	CACC	D	0.0%
	UI	A	0.0%
	TFSL	A	0.0%
	LBRDA	C	0.0%
	SEB	F	0.0%
	PATH	C	0.0%
	CWEN	C	0.0%
	DJT	C	0.0%
	CAR	C	0.0%
	LSCC	D	0.0%
	PYCR	C	0.0%
	MTN	C	0.0%
	HCP	B	0.0%
	FIVE	F	0.0%
	CNA	B	0.0%
	DV	C	0.0%
	DDS	B	0.0%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 65 Positions Relative to SSPY

	Symbol	Grade	Weight
	COST	B	-0.71%
	CMG	B	-0.5%
	AAPL	C	-0.5%
	META	D	-0.47%
	VST	B	-0.41%
	CLX	B	-0.41%
	ORCL	B	-0.34%
	SNPS	B	-0.34%
	CDNS	B	-0.33%
	MSFT	F	-0.32%
	LULU	C	-0.31%
	DECK	A	-0.3%
	TSLA	B	-0.28%
	GDDY	A	-0.27%
	ENPH	F	-0.26%
	MRK	F	-0.24%
	TRGP	B	-0.24%
	AVGO	D	-0.23%
	PLTR	B	-0.23%
	GOOGL	C	-0.23%
	GOOG	C	-0.23%
	LLY	F	-0.23%
	NXPI	D	-0.23%
	NFLX	A	-0.22%
	AMZN	C	-0.22%
	NOW	A	-0.22%
	MPWR	F	-0.22%
	ANET	C	-0.21%
	INTU	C	-0.2%
	ERIE	D	-0.2%
	TEL	B	-0.19%
	CRWD	B	-0.18%
	WM	A	-0.18%
	ROL	B	-0.18%
	COR	B	-0.18%
	ADSK	A	-0.17%
	KLAC	D	-0.17%
	STX	D	-0.17%
	PANW	C	-0.16%
	ADBE	C	-0.16%
	SMCI	F	-0.15%
	POOL	C	-0.13%
	IT	C	-0.13%
	NVDA	C	-0.13%
	ABNB	C	-0.12%
	EXPE	B	-0.12%
	ISRG	A	-0.12%
	TSCO	D	-0.12%
	DVA	B	-0.11%
	UBER	D	-0.11%
	DXCM	D	-0.1%
	PODD	C	-0.1%
	IDXX	F	-0.1%
	AXON	A	-0.09%
	NCLH	B	-0.09%
	LYV	A	-0.09%
	ODFL	B	-0.08%
	BX	A	-0.08%
	LVS	C	-0.08%
	AMT	D	-0.06%
	VRSK	A	-0.04%
	MCO	B	-0.04%
	MA	C	-0.04%
	V	A	-0.04%
	CPAY	A	-0.04%

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

SSPY: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

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