VTI vs. PHDG ETF Comparison

Comparison of Vanguard Total Stock Market ETF (VTI) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

VTI

Vanguard Total Stock Market ETF

VTI Description

The investment seeks to track the performance of a benchmark index that measures the investment return of the overall stock market. The fund employs an indexing investment approach designed to track the performance of the CRSP US Total Market Index, which represents approximately 100% of the investable U.S. stock market and includes large-, mid-, small-, and micro-cap stocks regularly traded on the New York Stock Exchange and Nasdaq. It invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics.

Grade (RS Rating)

Last Trade

$267.51

Average Daily Volume

2,681,970

Number of Holdings ^*

491

* may have additional holdings in another (foreign) market

PHDG

PowerShares S&P 500 Downside Hedged Portfolio

PHDG Description

The PowerShares S&P 500® Downside Hedged Portfolio (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500® Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

Grade (RS Rating)

Last Trade

$37.41

Average Daily Volume

10,125

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	VTI	PHDG
30 Days	3.36%	3.67%
60 Days	6.21%	5.69%
90 Days	3.29%	2.17%
12 Months	24.55%	16.10%

426 Overlapping Holdings

Symbol	Grade	Weight in VTI	Weight in PHDG	Overlap
A	D	0.08%	0.05%	0.05%
AAPL	B	5.54%	4.29%	4.29%
ABBV	B	0.56%	0.42%	0.42%
ABNB	C	0.11%	0.09%	0.09%
ABT	D	0.35%	0.25%	0.25%
ACGL	B	0.07%	0.05%	0.05%
ACN	D	0.35%	0.27%	0.27%
ADBE	B	0.39%	0.33%	0.33%
ADI	B	0.23%	0.16%	0.16%
ADM	F	0.07%	0.05%	0.05%
ADP	D	0.2%	0.14%	0.14%
ADSK	B	0.08%	0.07%	0.07%
AEE	D	0.04%	0.03%	0.03%
AEP	C	0.09%	0.06%	0.06%
AES	D	0.03%	0.02%	0.02%
AFL	B	0.1%	0.07%	0.07%
AIG	D	0.11%	0.07%	0.07%
AJG	B	0.11%	0.08%	0.08%
AKAM	F	0.03%	0.02%	0.02%
ALB	F	0.03%	0.02%	0.02%
ALGN	F	0.04%	0.02%	0.02%
ALL	D	0.09%	0.06%	0.06%
AMAT	B	0.35%	0.27%	0.27%
AMD	B	0.53%	0.35%	0.35%
AME	D	0.08%	0.05%	0.05%
AMGN	B	0.32%	0.23%	0.23%
AMP	C	0.09%	0.06%	0.06%
AMT	B	0.18%	0.13%	0.13%
AMZN	B	3.24%	2.47%	2.47%
ANET	A	0.15%	0.12%	0.12%
ANSS	D	0.05%	0.04%	0.04%
AON	C	0.1%	0.09%	0.09%
APD	D	0.12%	0.08%	0.08%
APH	B	0.16%	0.11%	0.11%
APTV	F	0.05%	0.03%	0.03%
ARE	C	0.04%	0.03%	0.03%
ATO	B	0.03%	0.02%	0.02%
AVB	A	0.05%	0.04%	0.04%
AVGO	C	1.22%	0.97%	0.97%
AVY	C	0.04%	0.03%	0.03%
AWK	B	0.05%	0.04%	0.04%
AXON	C	0.04%	0.03%	0.03%
AXP	C	0.24%	0.18%	0.18%
AZO	B	0.09%	0.07%	0.07%
BA	D	0.21%	0.14%	0.14%
BAC	A	0.53%	0.37%	0.37%
BALL	D	0.04%	0.03%	0.03%
BAX	F	0.03%	0.02%	0.02%
BBY	B	0.03%	0.02%	0.02%
BDX	D	0.13%	0.09%	0.09%
BG	B	0.03%	0.02%	0.02%
BIIB	C	0.06%	0.05%	0.05%
BK	A	0.09%	0.06%	0.06%
BKNG	A	0.25%	0.19%	0.19%
BKR	B	0.07%	0.05%	0.05%
BLDR	F	0.04%	0.02%	0.02%
BLK	B	0.21%	0.15%	0.15%
BMY	F	0.16%	0.12%	0.12%
BR	C	0.05%	0.03%	0.03%
BRK.A	C	0.04%	1.04%	0.04%
BRK.A	C	1.45%	1.04%	1.04%
BRO	B	0.04%	0.03%	0.03%
BSX	A	0.22%	0.16%	0.16%
BX	B	0.17%	0.12%	0.12%
C	C	0.22%	0.16%	0.16%
CAG	D	0.03%	0.02%	0.02%
CAH	D	0.05%	0.03%	0.03%
CARR	B	0.11%	0.07%	0.07%
CAT	C	0.33%	0.22%	0.22%
CB	C	0.22%	0.15%	0.15%
CBOE	D	0.04%	0.03%	0.03%
CBRE	B	0.05%	0.04%	0.04%
CCI	C	0.09%	0.06%	0.06%
CCL	B	0.03%	0.03%	0.03%
CDNS	B	0.15%	0.12%	0.12%
CDW	D	0.06%	0.04%	0.04%
CE	F	0.03%	0.02%	0.02%
CEG	C	0.14%	0.09%	0.09%
CF	D	0.03%	0.02%	0.02%
CFG	C	0.03%	0.02%	0.02%
CHD	C	0.05%	0.04%	0.04%
CHTR	C	0.05%	0.04%	0.04%
CI	D	0.2%	0.14%	0.14%
CINF	C	0.04%	0.03%	0.03%
CL	B	0.15%	0.11%	0.11%
CLX	D	0.03%	0.02%	0.02%
CMCSA	C	0.31%	0.21%	0.21%
CME	D	0.14%	0.1%	0.1%
CMG	C	0.17%	0.13%	0.13%
CMI	D	0.08%	0.05%	0.05%
CMS	D	0.04%	0.02%	0.02%
CNC	F	0.08%	0.05%	0.05%
CNP	A	0.04%	0.03%	0.03%
COF	C	0.1%	0.07%	0.07%
COP	D	0.27%	0.19%	0.19%
COST	B	0.71%	0.53%	0.53%
CPAY	D	0.04%	0.03%	0.03%
CPRT	C	0.09%	0.07%	0.07%
CRM	D	0.42%	0.33%	0.33%
CRWD	B	0.14%	0.12%	0.12%
CSCO	C	0.33%	0.27%	0.27%
CSGP	D	0.06%	0.04%	0.04%
CSX	C	0.13%	0.09%	0.09%
CTAS	B	0.11%	0.08%	0.08%
CTRA	D	0.04%	0.03%	0.03%
CTSH	C	0.06%	0.05%	0.05%
CTVA	C	0.08%	0.05%	0.05%
CVS	D	0.15%	0.11%	0.11%
CVX	C	0.57%	0.38%	0.38%
D	D	0.09%	0.06%	0.06%
DAL	D	0.06%	0.04%	0.04%
DD	B	0.06%	0.05%	0.05%
DE	D	0.2%	0.14%	0.14%
DECK	B	0.06%	0.04%	0.04%
DFS	A	0.06%	0.04%	0.04%
DG	D	0.06%	0.04%	0.04%
DGX	D	0.03%	0.02%	0.02%
DHI	D	0.09%	0.06%	0.06%
DHR	D	0.34%	0.23%	0.23%
DIS	D	0.37%	0.26%	0.26%
DLR	A	0.09%	0.07%	0.07%
DLTR	F	0.05%	0.03%	0.03%
DOC	B	0.03%	0.02%	0.02%
DOV	B	0.05%	0.03%	0.03%
DOW	D	0.08%	0.05%	0.05%
DPZ	B	0.03%	0.03%	0.03%
DRI	C	0.04%	0.03%	0.03%
DTE	C	0.04%	0.03%	0.03%
DUK	D	0.16%	0.11%	0.11%
DVN	C	0.06%	0.04%	0.04%
DXCM	F	0.09%	0.06%	0.06%
EA	B	0.07%	0.05%	0.05%
EBAY	B	0.06%	0.04%	0.04%
ECL	B	0.12%	0.09%	0.09%
ED	D	0.06%	0.04%	0.04%
EFX	B	0.06%	0.04%	0.04%
EG	B	0.03%	0.02%	0.02%
EIX	D	0.06%	0.04%	0.04%
EL	F	0.05%	0.04%	0.04%
ELV	A	0.25%	0.17%	0.17%
EMR	C	0.13%	0.08%	0.08%
ENPH	F	0.03%	0.02%	0.02%
EOG	C	0.14%	0.1%	0.1%
EQIX	C	0.14%	0.1%	0.1%
EQR	A	0.05%	0.03%	0.03%
EQT	D	0.04%	0.02%	0.02%
ES	F	0.04%	0.03%	0.03%
ESS	B	0.03%	0.02%	0.02%
ETN	D	0.26%	0.18%	0.18%
ETR	C	0.05%	0.03%	0.03%
EW	B	0.1%	0.08%	0.08%
EXC	D	0.07%	0.05%	0.05%
EXPD	B	0.03%	0.03%	0.03%
EXPE	C	0.03%	0.02%	0.02%
EXR	B	0.06%	0.05%	0.05%
F	C	0.09%	0.07%	0.07%
FANG	C	0.07%	0.05%	0.05%
FAST	F	0.07%	0.05%	0.05%
FCX	D	0.15%	0.1%	0.1%
FDS	D	0.03%	0.02%	0.02%
FDX	A	0.11%	0.09%	0.09%
FE	D	0.04%	0.03%	0.03%
FICO	A	0.06%	0.05%	0.05%
FIS	B	0.09%	0.06%	0.06%
FITB	C	0.05%	0.03%	0.03%
FSLR	C	0.05%	0.04%	0.04%
FTNT	D	0.08%	0.05%	0.05%
FTV	D	0.05%	0.04%	0.04%
GD	C	0.15%	0.09%	0.09%
GDDY	B	0.04%	0.03%	0.03%
GE	D	0.34%	0.24%	0.24%
GEHC	D	0.07%	0.05%	0.05%
GEV	B	0.09%	0.07%	0.07%
GILD	C	0.16%	0.12%	0.12%
GIS	D	0.08%	0.05%	0.05%
GLW	B	0.06%	0.04%	0.04%
GM	B	0.1%	0.07%	0.07%
GOOG	B	1.65%	1.26%	1.26%
GOOGL	B	1.99%	1.51%	1.51%
GPC	D	0.04%	0.03%	0.03%
GPN	D	0.04%	0.03%	0.03%
GRMN	B	0.05%	0.03%	0.03%
GS	B	0.27%	0.21%	0.21%
GWW	D	0.08%	0.06%	0.06%
HAL	D	0.06%	0.04%	0.04%
HBAN	C	0.04%	0.03%	0.03%
HCA	C	0.13%	0.09%	0.09%
HD	B	0.65%	0.47%	0.47%
HES	D	0.08%	0.06%	0.06%
HIG	B	0.06%	0.04%	0.04%
HLT	A	0.1%	0.07%	0.07%
HOLX	C	0.03%	0.02%	0.02%
HON	B	0.26%	0.2%	0.2%
HPE	B	0.05%	0.04%	0.04%
HPQ	B	0.07%	0.04%	0.04%
HSY	F	0.06%	0.04%	0.04%
HUBB	D	0.04%	0.03%	0.03%
HUM	C	0.08%	0.06%	0.06%
HWM	C	0.07%	0.04%	0.04%
IBM	B	0.3%	0.22%	0.22%
ICE	A	0.15%	0.11%	0.11%
IDXX	D	0.08%	0.06%	0.06%
IEX	D	0.03%	0.02%	0.02%
IFF	B	0.05%	0.03%	0.03%
INTC	F	0.26%	0.18%	0.18%
INTU	B	0.3%	0.25%	0.25%
INVH	A	0.04%	0.03%	0.03%
IP	B	0.03%	0.02%	0.02%
IQV	F	0.08%	0.05%	0.05%
IR	C	0.07%	0.05%	0.05%
IRM	A	0.05%	0.04%	0.04%
ISRG	A	0.28%	0.22%	0.22%
IT	B	0.06%	0.05%	0.05%
ITW	D	0.14%	0.09%	0.09%
J	D	0.03%	0.02%	0.02%
JBHT	F	0.03%	0.02%	0.02%
JBL	F	0.03%	0.02%	0.02%
JCI	C	0.1%	0.06%	0.06%
JNJ	F	0.69%	0.49%	0.49%
JPM	A	1.15%	0.79%	0.79%
K	D	0.03%	0.02%	0.02%
KDP	C	0.07%	0.05%	0.05%
KEY	C	0.03%	0.02%	0.02%
KEYS	D	0.05%	0.03%	0.03%
KHC	D	0.05%	0.04%	0.04%
KIM	B	0.03%	0.02%	0.02%
KKR	B	0.13%	0.1%	0.1%
KLAC	B	0.2%	0.15%	0.15%
KMB	B	0.09%	0.07%	0.07%
KMI	A	0.07%	0.05%	0.05%
KO	A	0.48%	0.35%	0.35%
KR	D	0.07%	0.05%	0.05%
KVUE	F	0.07%	0.05%	0.05%
L	D	0.03%	0.02%	0.02%
LDOS	B	0.04%	0.03%	0.03%
LEN	D	0.07%	0.05%	0.05%
LHX	A	0.08%	0.06%	0.06%
LIN	B	0.41%	0.3%	0.3%
LLY	A	1.38%	1.0%	1.0%
LMT	A	0.22%	0.14%	0.14%
LNT	C	0.03%	0.02%	0.02%
LOW	D	0.25%	0.18%	0.18%
LRCX	B	0.24%	0.19%	0.19%
LULU	F	0.07%	0.05%	0.05%
LUV	B	0.03%	0.02%	0.02%
LVS	F	0.03%	0.02%	0.02%
LYB	C	0.05%	0.03%	0.03%
LYV	C	0.03%	0.02%	0.02%
MA	D	0.73%	0.52%	0.52%
MAA	B	0.03%	0.02%	0.02%
MAR	B	0.11%	0.08%	0.08%
MAS	D	0.03%	0.02%	0.02%
MCD	D	0.37%	0.26%	0.26%
MCHP	C	0.1%	0.07%	0.07%
MCK	B	0.15%	0.11%	0.11%
MCO	A	0.12%	0.09%	0.09%
MDLZ	D	0.18%	0.12%	0.12%
MDT	D	0.21%	0.15%	0.15%
MET	D	0.09%	0.06%	0.06%
META	B	2.02%	1.57%	1.57%
MKC	D	0.04%	0.02%	0.02%
MLM	D	0.07%	0.05%	0.05%
MMC	B	0.2%	0.14%	0.14%
MMM	B	0.11%	0.08%	0.08%
MNST	D	0.07%	0.05%	0.05%
MO	B	0.16%	0.11%	0.11%
MOH	F	0.04%	0.02%	0.02%
MPC	D	0.13%	0.09%	0.09%
MPWR	B	0.07%	0.05%	0.05%
MRK	C	0.62%	0.46%	0.46%
MRNA	D	0.1%	0.06%	0.06%
MRO	B	0.03%	0.02%	0.02%
MS	B	0.24%	0.17%	0.17%
MSCI	F	0.07%	0.05%	0.05%
MSFT	B	6.06%	4.69%	4.69%
MSI	A	0.12%	0.09%	0.09%
MTB	B	0.05%	0.03%	0.03%
MTD	B	0.06%	0.04%	0.04%
MU	C	0.27%	0.22%	0.22%
NDAQ	C	0.05%	0.03%	0.03%
NEE	D	0.32%	0.21%	0.21%
NEM	B	0.09%	0.07%	0.07%
NFLX	B	0.54%	0.41%	0.41%
NI	B	0.03%	0.02%	0.02%
NKE	F	0.23%	0.16%	0.16%
NOC	D	0.12%	0.08%	0.08%
NOW	B	0.26%	0.22%	0.22%
NRG	C	0.04%	0.03%	0.03%
NSC	F	0.1%	0.07%	0.07%
NTAP	A	0.05%	0.04%	0.04%
NTRS	C	0.03%	0.02%	0.02%
NUE	D	0.08%	0.05%	0.05%
NVDA	B	5.11%	4.34%	4.34%
NVR	C	0.05%	0.04%	0.04%
O	D	0.09%	0.06%	0.06%
ODFL	D	0.07%	0.04%	0.04%
OKE	B	0.09%	0.07%	0.07%
OMC	D	0.04%	0.02%	0.02%
ON	F	0.06%	0.04%	0.04%
ORCL	B	0.38%	0.31%	0.31%
ORLY	B	0.11%	0.09%	0.09%
OTIS	B	0.08%	0.05%	0.05%
OXY	C	0.08%	0.06%	0.06%
PANW	B	0.19%	0.15%	0.15%
PAYX	D	0.08%	0.05%	0.05%
PCAR	D	0.11%	0.08%	0.08%
PCG	D	0.09%	0.05%	0.05%
PEG	B	0.07%	0.05%	0.05%
PEP	D	0.47%	0.32%	0.32%
PFE	C	0.32%	0.22%	0.22%
PFG	D	0.04%	0.02%	0.02%
PG	C	0.76%	0.55%	0.55%
PGR	D	0.24%	0.17%	0.17%
PH	C	0.13%	0.09%	0.09%
PHM	D	0.05%	0.03%	0.03%
PKG	B	0.03%	0.02%	0.02%
PLD	C	0.2%	0.14%	0.14%
PM	B	0.31%	0.22%	0.22%
PNC	C	0.12%	0.08%	0.08%
PNR	D	0.03%	0.02%	0.02%
POOL	F	0.03%	0.02%	0.02%
PPG	D	0.06%	0.04%	0.04%
PPL	D	0.04%	0.03%	0.03%
PRU	B	0.08%	0.06%	0.06%
PSA	B	0.08%	0.06%	0.06%
PSX	D	0.12%	0.08%	0.08%
PTC	C	0.04%	0.03%	0.03%
PWR	C	0.08%	0.05%	0.05%
PYPL	F	0.13%	0.09%	0.09%
QCOM	C	0.45%	0.31%	0.31%
RCL	A	0.06%	0.05%	0.05%
REGN	B	0.2%	0.16%	0.16%
RF	C	0.04%	0.02%	0.02%
RJF	C	0.05%	0.03%	0.03%
RMD	D	0.06%	0.04%	0.04%
ROK	D	0.06%	0.04%	0.04%
ROL	B	0.03%	0.02%	0.02%
ROP	A	0.11%	0.08%	0.08%
ROST	B	0.09%	0.07%	0.07%
RSG	A	0.07%	0.06%	0.06%
RTX	D	0.28%	0.19%	0.19%
SBAC	D	0.04%	0.03%	0.03%
SBUX	F	0.18%	0.12%	0.12%
SCHW	C	0.2%	0.15%	0.15%
SHW	D	0.14%	0.1%	0.1%
SLB	D	0.13%	0.09%	0.09%
SMCI	C	0.08%	0.06%	0.06%
SNA	D	0.03%	0.02%	0.02%
SNPS	B	0.17%	0.13%	0.13%
SO	B	0.17%	0.12%	0.12%
SPG	B	0.09%	0.07%	0.07%
SPGI	B	0.26%	0.2%	0.2%
SRE	B	0.1%	0.07%	0.07%
STE	C	0.04%	0.03%	0.03%
STLD	C	0.04%	0.03%	0.03%
STT	C	0.04%	0.03%	0.03%
STX	B	0.04%	0.03%	0.03%
STZ	B	0.08%	0.06%	0.06%
SWK	F	0.03%	0.02%	0.02%
SWKS	B	0.03%	0.02%	0.02%
SYF	A	0.03%	0.03%	0.03%
SYK	B	0.23%	0.16%	0.16%
SYY	D	0.07%	0.05%	0.05%
T	A	0.26%	0.19%	0.19%
TDG	C	0.14%	0.1%	0.1%
TDY	D	0.04%	0.03%	0.03%
TEL	B	0.09%	0.06%	0.06%
TER	B	0.04%	0.03%	0.03%
TFC	C	0.1%	0.07%	0.07%
TGT	D	0.14%	0.09%	0.09%
TJX	A	0.23%	0.18%	0.18%
TMO	D	0.43%	0.3%	0.3%
TMUS	B	0.18%	0.13%	0.13%
TRGP	A	0.05%	0.04%	0.04%
TRMB	C	0.03%	0.02%	0.02%
TROW	B	0.05%	0.04%	0.04%
TRV	D	0.1%	0.07%	0.07%
TSCO	C	0.06%	0.04%	0.04%
TSLA	C	0.95%	0.76%	0.76%
TSN	C	0.03%	0.02%	0.02%
TT	B	0.15%	0.1%	0.1%
TTWO	B	0.05%	0.03%	0.03%
TXN	B	0.35%	0.24%	0.24%
TXT	D	0.03%	0.02%	0.02%
TYL	A	0.04%	0.03%	0.03%
UAL	D	0.03%	0.02%	0.02%
UBER	B	0.25%	0.2%	0.2%
ULTA	F	0.04%	0.03%	0.03%
UNH	C	0.9%	0.62%	0.62%
UNP	D	0.28%	0.19%	0.19%
UPS	D	0.2%	0.14%	0.14%
URI	C	0.09%	0.06%	0.06%
USB	C	0.12%	0.09%	0.09%
V	D	0.84%	0.6%	0.6%
VICI	C	0.05%	0.04%	0.04%
VLO	C	0.1%	0.07%	0.07%
VLTO	C	0.05%	0.03%	0.03%
VMC	D	0.07%	0.05%	0.05%
VRSK	A	0.07%	0.05%	0.05%
VRSN	C	0.03%	0.02%	0.02%
VRTX	B	0.23%	0.17%	0.17%
VST	C	0.07%	0.04%	0.04%
VTR	A	0.04%	0.03%	0.03%
VZ	B	0.31%	0.24%	0.24%
WAB	D	0.06%	0.04%	0.04%
WAT	F	0.04%	0.02%	0.02%
WBD	D	0.04%	0.02%	0.02%
WDC	B	0.05%	0.03%	0.03%
WEC	D	0.05%	0.03%	0.03%
WELL	A	0.12%	0.08%	0.08%
WFC	C	0.42%	0.28%	0.28%
WM	A	0.17%	0.11%	0.11%
WMB	A	0.1%	0.07%	0.07%
WMT	A	0.57%	0.41%	0.41%
WRB	C	0.03%	0.02%	0.02%
WRK	D	0.03%	0.02%	0.02%
WST	D	0.05%	0.03%	0.03%
WTW	B	0.05%	0.04%	0.04%
WY	F	0.04%	0.03%	0.03%
XEL	D	0.06%	0.04%	0.04%
XOM	C	1.03%	0.72%	0.72%
XYL	C	0.07%	0.05%	0.05%
YUM	D	0.08%	0.05%	0.05%
ZBH	D	0.05%	0.03%	0.03%
ZBRA	C	0.03%	0.02%	0.02%
ZTS	C	0.14%	0.11%	0.11%

VTI Overweight 65 Positions Relative to PHDG

Symbol	Grade	Weight
MRVL	C	0.12%
PLTR	B	0.09%
WDAY	D	0.09%
APO	A	0.09%
SNOW	D	0.08%
TTD	A	0.08%
COIN	C	0.08%
WCN	A	0.08%
DELL	C	0.07%
LNG	B	0.07%
SQ	D	0.07%
VRT	D	0.07%
HUBS	C	0.06%
DDOG	B	0.06%
DASH	D	0.06%
ARES	D	0.05%
PINS	B	0.05%
TEAM	D	0.05%
VEEV	F	0.05%
PSTG	B	0.04%
EME	C	0.04%
FCNCA	C	0.04%
RBLX	B	0.04%
ALNY	B	0.04%
WSM	C	0.04%
ENTG	B	0.04%
NET	B	0.04%
BAH	B	0.04%
CSL	C	0.04%
MKL	C	0.04%
LPLA	B	0.04%
MSTR	C	0.04%
SSNC	B	0.03%
FNF	C	0.03%
BLD	D	0.03%
RBA	B	0.03%
NTNX	D	0.03%
NVT	D	0.03%
WMS	D	0.03%
NBIX	C	0.03%
MANH	B	0.03%
THC	B	0.03%
GGG	D	0.03%
RGA	B	0.03%
EQH	B	0.03%
CELH	F	0.03%
TRU	C	0.03%
OKTA	C	0.03%
OVV	C	0.03%
BMRN	C	0.03%
ZM	D	0.03%
RPM	D	0.03%
SUI	C	0.03%
DKNG	D	0.03%
ZS	C	0.03%
BURL	B	0.03%
OC	C	0.03%
SNAP	B	0.03%
LII	B	0.03%
WSO	C	0.03%
MDB	F	0.03%
AVTR	F	0.03%
ILMN	F	0.03%
RS	D	0.03%
HEI	B	0.03%

VTI Underweight 71 Positions Relative to PHDG

Symbol	Grade	Weight
NXPI	B	-0.1%
QRVO	B	-0.02%
LKQ	F	-0.02%
IPG	F	-0.02%
WBA	F	-0.02%
TECH	D	-0.02%
SJM	F	-0.02%
KMX	B	-0.02%
INCY	B	-0.02%
JNPR	B	-0.02%
EMN	C	-0.02%
UHS	B	-0.02%
MGM	B	-0.02%
CPT	A	-0.02%
EVRG	C	-0.02%
LW	F	-0.02%
JKHY	B	-0.02%
UDR	B	-0.02%
NDSN	D	-0.02%
VTRS	D	-0.02%
HST	D	-0.02%
AMCR	C	-0.02%
PODD	C	-0.02%
FOX	A	-0.01%
PARA	D	-0.01%
MHK	C	-0.01%
BIO	F	-0.01%
IVZ	D	-0.01%
PAYC	F	-0.01%
BEN	D	-0.01%
SOLV	F	-0.01%
RL	B	-0.01%
FMC	D	-0.01%
ETSY	F	-0.01%
GL	C	-0.01%
AAL	F	-0.01%
FRT	C	-0.01%
MKTX	F	-0.01%
BWA	F	-0.01%
HAS	C	-0.01%
DVA	C	-0.01%
DAY	F	-0.01%
NCLH	B	-0.01%
FOXA	A	-0.01%
MTCH	F	-0.01%
CZR	C	-0.01%
GNRC	D	-0.01%
HSIC	F	-0.01%
WYNN	D	-0.01%
AIZ	D	-0.01%
PNW	C	-0.01%
HRL	F	-0.01%
BXP	B	-0.01%
CPB	C	-0.01%
BBWI	F	-0.01%
TAP	F	-0.01%
TFX	D	-0.01%
TPR	B	-0.01%
MOS	D	-0.01%
HII	D	-0.01%
FFIV	C	-0.01%
ALLE	C	-0.01%
REG	B	-0.01%
AOS	D	-0.01%
CTLT	B	-0.01%
APA	D	-0.01%
CHRW	B	-0.01%
EPAM	D	-0.01%
NWSA	A	-0.01%
CRL	F	-0.01%
NWS	A	-0.0%