VTWG vs. FSMD ETF Comparison

Comparison of Vanguard Russell 2000 Growth ETF (VTWG) to Fidelity Small-Mid Factor ETF (FSMD)

VTWG

Vanguard Russell 2000 Growth ETF

VTWG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization growth stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 2000Â® Growth Index. The index is designed to measure the performance of small-capitalization growth 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

$221.79

Average Daily Volume

33,079

Number of Holdings ^*

967

* may have additional holdings in another (foreign) market

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$43.76

Average Daily Volume

86,530

Number of Holdings ^*

578

* may have additional holdings in another (foreign) market

Performance

Period	VTWG	FSMD
30 Days	6.52%	5.70%
60 Days	7.41%	6.58%
90 Days	8.38%	7.77%
12 Months	36.87%	33.81%

197 Overlapping Holdings

Symbol	Grade	Weight in VTWG	Weight in FSMD	Overlap
ACIW	B	0.38%	0.19%	0.19%
ACLX	C	0.27%	0.19%	0.19%
ADMA	B	0.27%	0.22%	0.22%
ADUS	D	0.06%	0.12%	0.06%
AEO	F	0.21%	0.12%	0.12%
AGX	B	0.12%	0.16%	0.12%
AIT	B	0.66%	0.25%	0.25%
ALKS	C	0.31%	0.16%	0.16%
ALRM	C	0.19%	0.11%	0.11%
ALTR	B	0.44%	0.18%	0.18%
ALX	D	0.04%	0.08%	0.04%
AMN	F	0.11%	0.05%	0.05%
AMPH	F	0.14%	0.12%	0.12%
AMR	C	0.17%	0.1%	0.1%
AMRX	C	0.08%	0.12%	0.08%
ANDE	D	0.01%	0.08%	0.01%
ANF	F	0.49%	0.19%	0.19%
ANIP	F	0.06%	0.09%	0.06%
APAM	B	0.21%	0.14%	0.14%
APOG	C	0.04%	0.11%	0.04%
AROC	A	0.25%	0.17%	0.17%
ASGN	F	0.07%	0.15%	0.07%
ASO	F	0.07%	0.13%	0.07%
ASTH	F	0.17%	0.1%	0.1%
ATEN	A	0.08%	0.11%	0.08%
ATGE	B	0.04%	0.14%	0.04%
AX	B	0.03%	0.16%	0.03%
AXNX	A	0.26%	0.15%	0.15%
AZZ	A	0.14%	0.11%	0.11%
BBSI	B	0.06%	0.09%	0.06%
BCC	B	0.19%	0.15%	0.15%
BCO	F	0.34%	0.12%	0.12%
BCPC	B	0.4%	0.16%	0.16%
BKE	B	0.1%	0.11%	0.1%
BMI	B	0.44%	0.19%	0.19%
BPMC	B	0.41%	0.17%	0.17%
BRY	F	0.01%	0.07%	0.01%
CALM	A	0.02%	0.15%	0.02%
CASH	B	0.04%	0.13%	0.04%
CASS	C	0.04%	0.09%	0.04%
CBT	D	0.43%	0.18%	0.18%
CBZ	B	0.24%	0.13%	0.13%
CECO	B	0.05%	0.07%	0.05%
CHCO	B	0.01%	0.12%	0.01%
COLL	F	0.08%	0.08%	0.08%
COOP	B	0.15%	0.19%	0.15%
CORT	B	0.29%	0.21%	0.21%
CPRX	C	0.18%	0.15%	0.15%
CRAI	C	0.09%	0.1%	0.09%
CRNX	C	0.36%	0.15%	0.15%
CRVL	B	0.2%	0.15%	0.15%
CSV	B	0.03%	0.1%	0.03%
CSWI	B	0.43%	0.18%	0.18%
CTRE	C	0.03%	0.15%	0.03%
CTS	C	0.09%	0.12%	0.09%
CVCO	A	0.25%	0.15%	0.15%
CVLT	B	0.47%	0.2%	0.2%
CWCO	C	0.01%	0.09%	0.01%
DORM	B	0.22%	0.17%	0.17%
DY	D	0.37%	0.15%	0.15%
EGY	D	0.0%	0.08%	0.0%
ENS	F	0.26%	0.12%	0.12%
ENSG	C	0.64%	0.22%	0.22%
EPAC	C	0.18%	0.12%	0.12%
EWTX	C	0.18%	0.21%	0.18%
EXLS	B	0.48%	0.21%	0.21%
EXPO	D	0.35%	0.14%	0.14%
FBP	C	0.02%	0.14%	0.02%
FELE	B	0.32%	0.13%	0.13%
FIZZ	C	0.08%	0.09%	0.08%
FN	C	0.65%	0.23%	0.23%
FORM	D	0.22%	0.12%	0.12%
FSS	B	0.36%	0.14%	0.14%
FTDR	B	0.29%	0.17%	0.17%
FUL	F	0.08%	0.13%	0.08%
GIC	D	0.03%	0.06%	0.03%
GKOS	B	0.48%	0.21%	0.21%
GNE	F	0.01%	0.1%	0.01%
GOLF	B	0.13%	0.11%	0.11%
GPOR	B	0.07%	0.13%	0.07%
HAE	C	0.26%	0.16%	0.16%
HALO	F	0.47%	0.21%	0.21%
HCI	C	0.07%	0.11%	0.07%
HCKT	B	0.04%	0.11%	0.04%
HIMS	B	0.26%	0.18%	0.18%
HLNE	B	0.51%	0.23%	0.23%
HNI	B	0.08%	0.11%	0.08%
HSTM	B	0.02%	0.1%	0.02%
HWKN	B	0.15%	0.11%	0.11%
IBP	D	0.38%	0.14%	0.14%
ICFI	F	0.23%	0.12%	0.12%
IDCC	B	0.28%	0.18%	0.18%
IDT	B	0.04%	0.14%	0.04%
IESC	C	0.13%	0.16%	0.13%
INVA	D	0.01%	0.1%	0.01%
IOSP	C	0.17%	0.12%	0.12%
ITGR	B	0.21%	0.17%	0.17%
JBI	F	0.08%	0.04%	0.04%
JBSS	F	0.05%	0.07%	0.05%
KAI	B	0.29%	0.15%	0.15%
KBH	D	0.05%	0.16%	0.05%
KFRC	D	0.08%	0.07%	0.07%
KLG	B	0.08%	0.09%	0.08%
KNF	B	0.41%	0.17%	0.17%
KRT	B	0.01%	0.07%	0.01%
KRYS	C	0.32%	0.15%	0.15%
KTB	B	0.35%	0.17%	0.17%
KURA	F	0.09%	0.1%	0.09%
LANC	C	0.25%	0.13%	0.13%
LBRT	D	0.01%	0.12%	0.01%
LMAT	A	0.13%	0.13%	0.13%
LNTH	D	0.56%	0.16%	0.16%
LPG	F	0.04%	0.08%	0.04%
LRN	A	0.29%	0.17%	0.17%
MCRI	A	0.07%	0.1%	0.07%
MCY	A	0.02%	0.12%	0.02%
METC	C	0.02%	0.07%	0.02%
MGRC	B	0.21%	0.11%	0.11%
MGY	A	0.3%	0.18%	0.18%
MIR	A	0.03%	0.15%	0.03%
MLI	B	0.63%	0.25%	0.25%
MLR	C	0.0%	0.09%	0.0%
MMS	F	0.39%	0.15%	0.15%
MMSI	A	0.42%	0.2%	0.2%
MOG.A	B	0.4%	0.17%	0.17%
MRVI	F	0.06%	0.06%	0.06%
MWA	B	0.25%	0.14%	0.14%
NMIH	C	0.02%	0.13%	0.02%
NOVT	D	0.45%	0.17%	0.17%
NSIT	F	0.36%	0.13%	0.13%
NSSC	D	0.1%	0.07%	0.07%
NVEC	B	0.03%	0.08%	0.03%
OSIS	A	0.15%	0.12%	0.12%
OTTR	C	0.11%	0.13%	0.11%
PAHC	C	0.01%	0.12%	0.01%
PATK	C	0.2%	0.12%	0.12%
PCVX	D	0.94%	0.26%	0.26%
PI	D	0.32%	0.17%	0.17%
PIPR	A	0.36%	0.18%	0.18%
PJT	A	0.24%	0.15%	0.15%
PLAB	C	0.04%	0.11%	0.04%
PLMR	A	0.16%	0.13%	0.13%
PLUS	F	0.12%	0.12%	0.12%
PLXS	B	0.09%	0.16%	0.09%
POWL	C	0.18%	0.18%	0.18%
PRCT	B	0.28%	0.19%	0.19%
PRGS	A	0.2%	0.14%	0.14%
PRIM	A	0.23%	0.16%	0.16%
QLYS	B	0.33%	0.17%	0.17%
QTWO	A	0.37%	0.21%	0.21%
RDNT	B	0.32%	0.2%	0.2%
REX	D	0.01%	0.1%	0.01%
ROAD	B	0.25%	0.16%	0.16%
ROCK	C	0.07%	0.1%	0.07%
SEM	B	0.18%	0.15%	0.15%
SFM	A	0.96%	0.33%	0.33%
SHOO	F	0.24%	0.13%	0.13%
SIGA	F	0.02%	0.07%	0.02%
SIGI	C	0.35%	0.18%	0.18%
SKWD	A	0.03%	0.13%	0.03%
SLP	D	0.03%	0.07%	0.03%
SLVM	B	0.05%	0.14%	0.05%
SMLR	B	0.01%	0.14%	0.01%
SNEX	B	0.02%	0.13%	0.02%
SPNT	B	0.01%	0.1%	0.01%
SPSC	D	0.45%	0.17%	0.17%
SSTK	F	0.05%	0.08%	0.05%
STAA	F	0.11%	0.08%	0.08%
STRL	A	0.35%	0.2%	0.2%
SUPN	C	0.01%	0.14%	0.01%
SXT	C	0.22%	0.13%	0.13%
TENB	C	0.35%	0.15%	0.15%
TNC	D	0.05%	0.08%	0.05%
TPB	B	0.05%	0.12%	0.05%
TPH	D	0.08%	0.13%	0.08%
TRNS	D	0.06%	0.07%	0.06%
TWST	F	0.17%	0.11%	0.11%
UFPI	C	0.31%	0.19%	0.19%
UFPT	C	0.14%	0.12%	0.12%
UPBD	B	0.12%	0.09%	0.09%
URBN	C	0.05%	0.1%	0.05%
USLM	A	0.09%	0.14%	0.09%
USPH	B	0.09%	0.1%	0.09%
UTI	B	0.05%	0.1%	0.05%
UVE	B	0.01%	0.1%	0.01%
VCEL	B	0.16%	0.14%	0.14%
VCTR	B	0.18%	0.14%	0.14%
VECO	F	0.1%	0.08%	0.08%
VRNS	D	0.41%	0.16%	0.16%
VRRM	F	0.32%	0.11%	0.11%
WDFC	B	0.26%	0.14%	0.14%
WKC	C	0.01%	0.13%	0.01%
WTS	B	0.39%	0.15%	0.15%
YELP	C	0.17%	0.14%	0.14%
ZETA	D	0.37%	0.16%	0.16%
ZWS	B	0.36%	0.16%	0.16%
ZYXI	D	0.01%	0.09%	0.01%

VTWG Overweight 770 Positions Relative to FSMD

Symbol	Grade	Weight
INSM	C	0.78%
FLR	B	0.61%
CRS	B	0.53%
HQY	A	0.53%
RHP	B	0.46%
CWST	A	0.45%
MOD	A	0.45%
HRI	C	0.44%
AVAV	C	0.42%
BECN	B	0.41%
CHX	C	0.4%
RVMD	C	0.39%
RMBS	B	0.38%
GTLS	A	0.38%
CRDO	B	0.36%
MC	C	0.35%
FFIN	B	0.35%
MDGL	B	0.34%
RNA	C	0.34%
SHAK	C	0.34%
ITRI	C	0.34%
BOX	B	0.33%
WK	B	0.3%
AEIS	C	0.3%
EAT	A	0.3%
WHD	B	0.29%
CWAN	B	0.29%
RKLB	A	0.28%
STEP	C	0.28%
UPST	B	0.28%
MARA	B	0.28%
RXO	D	0.28%
BOOT	C	0.27%
TGTX	B	0.26%
CCOI	B	0.26%
SGBX	F	0.26%
SLAB	F	0.25%
FOLD	F	0.25%
POWI	F	0.25%
ENV	B	0.24%
YOU	D	0.24%
GMS	B	0.24%
AXSM	B	0.24%
OSCR	D	0.24%
GVA	A	0.23%
NUVL	C	0.23%
SMPL	B	0.23%
SITM	B	0.23%
BLKB	B	0.23%
ATKR	D	0.23%
BL	B	0.23%
TDW	F	0.22%
UEC	B	0.22%
ACLS	F	0.21%
NSP	F	0.21%
SMTC	B	0.21%
IOVA	F	0.2%
PTGX	D	0.2%
EVH	F	0.2%
PTON	A	0.2%
TNET	F	0.2%
CNS	B	0.2%
HGV	C	0.2%
CARG	B	0.2%
LCII	C	0.2%
JJSF	C	0.19%
NARI	C	0.19%
WD	D	0.19%
ACVA	B	0.19%
GH	B	0.19%
TRN	B	0.19%
DOCN	C	0.19%
CNK	C	0.19%
RYTM	C	0.19%
AUR	C	0.19%
TMDX	F	0.19%
GFF	A	0.18%
TBBK	B	0.18%
KLIC	B	0.18%
COMP	B	0.18%
FRSH	B	0.18%
CLSK	C	0.18%
GSHD	A	0.18%
ARCB	C	0.18%
HBI	B	0.18%
BDC	C	0.18%
VC	F	0.18%
OII	B	0.18%
RPD	B	0.18%
CAKE	C	0.17%
SKY	A	0.17%
VERX	A	0.17%
AGYS	A	0.17%
IRTC	C	0.17%
ARWR	D	0.17%
MQ	D	0.17%
ENR	B	0.17%
PTCT	B	0.17%
DYN	F	0.17%
IDYA	F	0.17%
CNMD	C	0.16%
EVTC	B	0.16%
KWR	C	0.16%
MYRG	B	0.16%
IPAR	B	0.16%
INTA	B	0.15%
MTRN	C	0.15%
PAR	A	0.15%
VAL	F	0.15%
TNDM	D	0.15%
HURN	C	0.15%
BBIO	F	0.15%
KYMR	D	0.15%
SWTX	C	0.15%
BRZE	C	0.15%
AI	B	0.15%
FLYW	B	0.15%
DNLI	D	0.14%
OPCH	D	0.14%
LAUR	A	0.14%
PAYO	A	0.14%
JOE	F	0.14%
PRVA	C	0.14%
NATL	B	0.14%
JOBY	B	0.14%
LBPH	A	0.14%
VYX	B	0.13%
IMVT	F	0.13%
KROS	D	0.13%
AWR	B	0.13%
ALG	B	0.13%
BE	B	0.13%
ACAD	C	0.13%
SRRK	C	0.13%
OSW	B	0.13%
KOS	D	0.13%
TFIN	B	0.13%
TRUP	B	0.13%
RXST	F	0.13%
HEES	C	0.12%
VERA	C	0.12%
ESE	B	0.12%
NVCR	C	0.12%
TARS	C	0.12%
SXI	B	0.12%
OCUL	D	0.12%
ALKT	B	0.12%
BCRX	D	0.12%
STNE	F	0.12%
RAMP	B	0.12%
PD	C	0.12%
GERN	D	0.12%
ARVN	F	0.12%
UPWK	B	0.12%
WULF	C	0.11%
MNKD	C	0.11%
APPN	B	0.11%
CSTM	F	0.11%
WT	A	0.11%
PFSI	C	0.11%
SOUN	B	0.11%
WRBY	A	0.11%
UCTT	D	0.11%
AGM	B	0.11%
KTOS	B	0.11%
MIRM	B	0.11%
RXRX	F	0.11%
JANX	C	0.11%
SMR	B	0.11%
NGVT	B	0.11%
TGLS	B	0.11%
CALX	D	0.11%
SMMT	D	0.11%
SNDX	F	0.11%
SPT	C	0.1%
PSMT	D	0.1%
THRM	F	0.1%
FLNC	D	0.1%
AESI	B	0.1%
BLBD	D	0.1%
INFN	D	0.1%
JAMF	F	0.1%
ARDX	F	0.1%
CLDX	F	0.1%
HROW	D	0.1%
CSGS	B	0.1%
ZUO	B	0.1%
ENVX	F	0.1%
SONO	C	0.1%
SKT	A	0.1%
CHEF	A	0.1%
MGNI	B	0.1%
MGEE	B	0.1%
RRR	F	0.09%
SFBS	C	0.09%
PLAY	D	0.09%
LOB	C	0.09%
RDFN	D	0.09%
VRTS	B	0.09%
WWW	A	0.09%
HLIT	D	0.09%
ALHC	C	0.09%
DVAX	C	0.09%
PGNY	F	0.09%
PZZA	F	0.09%
PHR	F	0.08%
ERII	D	0.08%
CGON	F	0.08%
ATRC	C	0.08%
BKD	F	0.08%
CWH	B	0.08%
OUT	A	0.08%
SAVA	C	0.08%
IMAX	B	0.08%
LEU	C	0.08%
NVAX	F	0.08%
HLIO	B	0.08%
REVG	C	0.08%
WOR	F	0.08%
NRIX	C	0.08%
EXPI	D	0.08%
RCKT	F	0.08%
QNST	B	0.08%
AMBA	B	0.08%
KALU	C	0.08%
VITL	D	0.08%
SPNS	F	0.08%
PDFS	C	0.07%
CLB	B	0.07%
DRVN	B	0.07%
PRO	C	0.07%
EOLS	D	0.07%
WVE	C	0.07%
CDRE	F	0.07%
PNTG	D	0.07%
SHLS	F	0.07%
ELVN	D	0.07%
WLY	B	0.07%
CENX	B	0.07%
CXM	C	0.07%
RVLV	A	0.07%
COUR	F	0.07%
JACK	C	0.07%
ARLO	C	0.07%
DFIN	D	0.07%
ASAN	B	0.07%
HRMY	D	0.07%
SDGR	C	0.07%
DNUT	F	0.07%
XPEL	B	0.07%
MXL	C	0.07%
COGT	D	0.07%
VZIO	A	0.07%
ARRY	F	0.07%
VRDN	D	0.07%
EXTR	C	0.07%
LMND	B	0.07%
UDMY	D	0.06%
OXM	F	0.06%
BLFS	C	0.06%
YEXT	B	0.06%
UTZ	D	0.06%
VVI	C	0.06%
LMB	B	0.06%
GRC	A	0.06%
AGL	F	0.06%
PAGS	F	0.06%
AORT	B	0.06%
CWT	C	0.06%
ATEC	C	0.06%
SM	B	0.06%
CMPR	D	0.06%
RSI	A	0.06%
MEG	F	0.06%
XMTR	B	0.06%
RCUS	F	0.06%
DFH	D	0.06%
BLND	A	0.06%
IE	C	0.06%
AMSC	B	0.06%
OEC	C	0.06%
NNBR	C	0.06%
NABL	F	0.06%
ARQT	B	0.06%
MCW	C	0.05%
PUBM	C	0.05%
SGHC	A	0.05%
RVNC	F	0.05%
BASE	B	0.05%
LQDA	F	0.05%
PAX	C	0.05%
LNN	B	0.05%
GSAT	C	0.05%
HI	C	0.05%
ACMR	D	0.05%
ZIP	D	0.05%
DBRG	F	0.05%
CCB	A	0.05%
NEXT	C	0.05%
MGPI	F	0.05%
PECO	A	0.05%
DAWN	D	0.05%
GDYN	B	0.05%
IBUY	B	0.05%
BLMN	F	0.05%
ACHR	B	0.05%
AUPH	B	0.05%
CGEM	F	0.05%
SPRY	C	0.05%
BSIG	A	0.05%
TTGT	B	0.05%
FSLY	D	0.05%
DJCO	B	0.04%
CVI	F	0.04%
BBW	C	0.04%
CTLP	B	0.04%
PRMW	C	0.04%
HLF	C	0.04%
CRMD	C	0.04%
APLT	C	0.04%
AIN	C	0.04%
MAX	F	0.04%
FWRG	C	0.04%
ABUS	D	0.04%
EU	D	0.04%
REAX	D	0.04%
TREE	F	0.04%
YMAB	F	0.04%
INOD	B	0.04%
CYTK	F	0.04%
WEAV	C	0.04%
APLD	B	0.04%
PTLO	F	0.04%
VSCO	C	0.04%
IBTA	C	0.04%
IMXI	B	0.04%
ACEL	C	0.04%
AIV	C	0.04%
EVRI	A	0.04%
OSPN	A	0.04%
LPRO	B	0.04%
XNCR	B	0.04%
VICR	C	0.04%
NRDS	C	0.04%
CDMO	A	0.04%
GRBK	D	0.04%
KRUS	B	0.04%
IMNM	F	0.04%
AXGN	C	0.04%
CIFR	C	0.04%
TYRA	F	0.03%
PBI	B	0.03%
LRMR	D	0.03%
AKRO	B	0.03%
DSGR	C	0.03%
RIOT	C	0.03%
URGN	F	0.03%
MLNK	C	0.03%
WRLD	C	0.03%
ARCT	F	0.03%
BYND	F	0.03%
MNTK	F	0.03%
BIGC	B	0.03%
BFS	C	0.03%
ARHS	F	0.03%
LWLG	D	0.03%
BJRI	C	0.03%
PX	A	0.03%
MDXG	B	0.03%
AEHR	F	0.03%
CELC	F	0.03%
IRMD	C	0.03%
PPTA	C	0.03%
KALV	F	0.03%
MITK	C	0.03%
ALEC	F	0.03%
ESQ	B	0.03%
EAF	C	0.03%
AIR	B	0.03%
CBL	B	0.03%
FA	C	0.03%
TTI	B	0.03%
JELD	F	0.03%
UHT	D	0.03%
PRTA	F	0.03%
GCMG	B	0.03%
ANAB	F	0.03%
PLOW	D	0.03%
LFST	B	0.03%
BAND	B	0.03%
MYE	F	0.03%
ENFN	B	0.03%
AMSF	B	0.03%
CAPR	C	0.03%
HY	D	0.03%
STOK	F	0.03%
FC	F	0.03%
DMRC	B	0.03%
FLNG	C	0.03%
HUMA	F	0.03%
AGS	A	0.03%
XERS	C	0.03%
EVER	D	0.03%
SIBN	F	0.03%
MNMD	C	0.03%
AHCO	F	0.03%
THRY	D	0.03%
CEVA	B	0.03%
CRGY	B	0.03%
LQDT	B	0.03%
SANA	F	0.03%
SEMR	C	0.03%
SYNA	C	0.02%
HTLD	C	0.02%
NATH	C	0.02%
INSE	C	0.02%
WTI	F	0.02%
NBR	C	0.02%
SERA	F	0.02%
NOG	B	0.02%
LOVE	A	0.02%
PRME	F	0.02%
ABSI	F	0.02%
EWCZ	F	0.02%
TRAK	B	0.02%
EB	C	0.02%
LAZR	D	0.02%
TMCI	C	0.02%
IIIN	C	0.02%
ASPN	F	0.02%
CBRL	C	0.02%
OCGN	F	0.02%
DENN	D	0.02%
LIND	C	0.02%
SAH	C	0.02%
LUNG	F	0.02%
CYRX	F	0.02%
IGMS	F	0.02%
TDOC	C	0.02%
NVEE	F	0.02%
NTST	C	0.02%
TH	C	0.02%
CDNA	D	0.02%
JBT	B	0.02%
FNA	B	0.02%
BYRN	B	0.02%
CRCT	F	0.02%
SABR	C	0.02%
HLX	B	0.02%
OLO	A	0.02%
ULCC	D	0.02%
RCEL	B	0.02%
CHPT	F	0.02%
BMEA	F	0.02%
ALT	C	0.02%
SNCY	C	0.02%
FDMT	F	0.02%
BANF	B	0.02%
SFL	D	0.02%
VSEC	C	0.02%
EYPT	D	0.02%
SKYT	D	0.02%
DOMO	B	0.02%
BWMN	C	0.02%
DK	C	0.02%
CYH	F	0.02%
NRC	F	0.02%
CENTA	C	0.02%
EGHT	B	0.02%
CERS	D	0.02%
ICHR	C	0.02%
INST	B	0.02%
GHM	A	0.02%
BLZE	F	0.02%
CSTL	D	0.02%
TSHA	C	0.02%
DIOD	D	0.02%
WERN	C	0.02%
NNOX	C	0.02%
ATEX	F	0.02%
LESL	D	0.02%
XPOF	C	0.02%
PRG	C	0.02%
PCT	C	0.02%
CCS	D	0.02%
IGT	F	0.02%
CAL	F	0.02%
PDCO	F	0.02%
NIC	B	0.02%
LYTS	B	0.02%
PLSE	C	0.02%
CMPO	B	0.02%
NPO	A	0.02%
GRND	A	0.02%
SRCL	B	0.02%
AMRC	F	0.02%
RDVT	A	0.02%
SRDX	B	0.02%
SVRA	F	0.02%
DHIL	B	0.02%
CCO	C	0.01%
NWPX	A	0.01%
DAKT	C	0.01%
CVGW	D	0.01%
FOR	F	0.01%
STKS	F	0.01%
REKR	F	0.01%
ODC	B	0.01%
AKYA	F	0.01%
BDTX	F	0.01%
VERU	F	0.01%
GCO	C	0.01%
OMER	A	0.01%
INMB	F	0.01%
EMBC	C	0.01%
ACCD	D	0.01%
AIRS	C	0.01%
EP	C	0.01%
GLSI	F	0.01%
EVI	F	0.01%
FULC	F	0.01%
XFOR	F	0.01%
MLYS	F	0.01%
BLNK	F	0.01%
DC	D	0.01%
LXRX	F	0.01%
AMWD	C	0.01%
LFMD	D	0.01%
NPCE	C	0.01%
CTGO	D	0.01%
MODV	C	0.01%
THR	B	0.01%
OPRX	F	0.01%
PEPG	F	0.01%
STGW	A	0.01%
SSTI	C	0.01%
EGAN	C	0.01%
EVEX	D	0.01%
GOOD	B	0.01%
IRON	B	0.01%
PRTH	B	0.01%
ACHV	F	0.01%
TILE	B	0.01%
LKFN	C	0.01%
STXS	C	0.01%
SCWO	F	0.01%
NTIC	B	0.01%
IAS	C	0.01%
MRAM	D	0.01%
ULH	C	0.01%
PFIS	A	0.01%
QUIK	F	0.01%
CADL	F	0.01%
ESPR	B	0.01%
TRVI	F	0.01%
MRSN	D	0.01%
PKE	B	0.01%
LAW	F	0.01%
AQST	D	0.01%
TAYD	D	0.01%
INBK	B	0.01%
MVIS	F	0.01%
KFS	B	0.01%
GRPN	F	0.01%
FHTX	C	0.01%
JILL	C	0.01%
SCPH	F	0.01%
PSTL	D	0.01%
QUAD	C	0.01%
PAYS	F	0.01%
PLUG	F	0.01%
OLMA	F	0.01%
TIPT	C	0.01%
FFWM	C	0.01%
LWAY	C	0.01%
LCTX	F	0.01%
SKIN	D	0.01%
JYNT	C	0.01%
RILY	F	0.01%
INFU	B	0.01%
BBAI	C	0.01%
HNST	A	0.01%
DESP	B	0.01%
SKYH	C	0.01%
KLTR	B	0.01%
PHAT	F	0.01%
ACIC	B	0.01%
SMTI	B	0.01%
TSQ	D	0.01%
BTMD	B	0.01%
CDZI	C	0.01%
ORIC	F	0.01%
AVXL	B	0.01%
QRHC	D	0.01%
MSEX	C	0.01%
CTOS	B	0.01%
ADCT	F	0.01%
NEO	C	0.01%
MDWD	D	0.01%
GWRS	B	0.01%
OMI	F	0.01%
MGTX	C	0.01%
TCX	D	0.01%
BRCC	F	0.01%
LGIH	F	0.01%
XOMA	C	0.01%
AEYE	C	0.01%
SMID	B	0.01%
ARAY	C	0.01%
MLP	B	0.01%
SCL	C	0.01%
HEAR	D	0.01%
EVCM	B	0.01%
GAMB	A	0.01%
PRCH	B	0.01%
AVAH	B	0.01%
INDI	C	0.01%
LIVN	F	0.01%
CDXC	B	0.01%
INMD	C	0.01%
ALTG	C	0.01%
CDLX	D	0.01%
CVRX	C	0.01%
SGHT	F	0.01%
UMH	B	0.01%
KNTK	A	0.01%
DSP	A	0.01%
RGR	F	0.01%
GOGO	C	0.01%
OFLX	D	0.01%
KREF	C	0.01%
BVS	D	0.01%
MRTN	D	0.01%
PFMT	F	0.01%
RICK	B	0.01%
LNZA	F	0.01%
IRWD	F	0.01%
MGNX	F	0.01%
PESI	B	0.01%
ZURA	F	0.01%
MLAB	F	0.01%
GCBC	C	0.01%
REAL	B	0.01%
PBPB	C	0.01%
QRTEB	F	0.0%
SES	F	0.0%
LYRA	F	0.0%
TDUP	C	0.0%
MASS	F	0.0%
PGEN	F	0.0%
BSVN	B	0.0%
RSVR	B	0.0%
QIPT	F	0.0%
SPCE	D	0.0%
ATLC	A	0.0%
ULBI	F	0.0%
GRWG	D	0.0%
HLVX	F	0.0%
VIRC	B	0.0%
RMNI	C	0.0%
LUNR	B	0.0%
VGAS	B	0.0%
RENB	F	0.0%
FBIZ	B	0.0%
CZFS	B	0.0%
ELEV	D	0.0%
PLPC	B	0.0%
ORGO	B	0.0%
HRTX	F	0.0%
HOWL	F	0.0%
APEI	B	0.0%
BOC	C	0.0%
TERN	F	0.0%
CHRS	D	0.0%
EVC	C	0.0%
LSEA	D	0.0%
FENC	D	0.0%
SST	F	0.0%
CTV	A	0.0%
RGLS	F	0.0%
MEC	F	0.0%
DIBS	F	0.0%
AMPX	C	0.0%
DLHC	F	0.0%
CIX	D	0.0%
ALRS	D	0.0%
HBIO	F	0.0%
CDXS	B	0.0%
ANET	C	0.0%
SHYF	C	0.0%
VRCA	F	0.0%
CLBK	C	0.0%
ALDX	D	0.0%
RM	C	0.0%
ORN	B	0.0%
TNYA	D	0.0%
SGC	C	0.0%
ATOS	F	0.0%
GALT	C	0.0%
AVTE	D	0.0%
IIIV	C	0.0%
LASR	D	0.0%
AKBA	C	0.0%
STTK	F	0.0%
NATR	C	0.0%
MITT	D	0.0%
CABA	F	0.0%
INNV	F	0.0%
VALU	C	0.0%
AOMR	F	0.0%
MPX	C	0.0%
CENT	C	0.0%
CHCT	C	0.0%
CMRE	C	0.0%
HCAT	D	0.0%
FUBO	D	0.0%
OOMA	B	0.0%
FG	A	0.0%
PBYI	C	0.0%
METCB	F	0.0%
ANIK	D	0.0%
USCB	B	0.0%
MYFW	B	0.0%
MCBS	B	0.0%
CURV	D	0.0%
EPM	A	0.0%
OABI	F	0.0%
FIGS	F	0.0%
NGS	B	0.0%
REPX	A	0.0%
PSTX	D	0.0%
RDW	A	0.0%
CRDF	F	0.0%
ALXO	F	0.0%
HDSN	F	0.0%
SWBI	C	0.0%
OUST	C	0.0%
GMGI	C	0.0%
QBTS	B	0.0%
AHH	D	0.0%
OBIO	C	0.0%
BOOM	F	0.0%
FLWS	D	0.0%
EYE	C	0.0%
RCKY	F	0.0%
DXPE	C	0.0%
ITIC	A	0.0%
PTVE	B	0.0%
ARKO	C	0.0%
ATNM	F	0.0%
OPEN	F	0.0%
HOV	D	0.0%
PCRX	C	0.0%
SHBI	B	0.0%
DIN	C	0.0%
HQI	B	0.0%
CRSR	C	0.0%
AVO	C	0.0%
BMBL	C	0.0%
VTSI	C	0.0%
MAPS	B	0.0%
DCGO	B	0.0%
NGVC	A	0.0%
CLPR	D	0.0%
YORW	F	0.0%
TTSH	F	0.0%
QTRX	F	0.0%
OVID	F	0.0%
PLL	C	0.0%
NRDY	C	0.0%

VTWG Underweight 381 Positions Relative to FSMD

Symbol	Grade	Weight
TPL	A	-0.57%
EME	A	-0.46%
LYV	A	-0.42%
IBKR	A	-0.42%
NRG	B	-0.41%
UTHR	C	-0.38%
NTNX	B	-0.38%
LII	A	-0.37%
SNA	A	-0.37%
MANH	D	-0.36%
NTRA	A	-0.35%
GWRE	A	-0.35%
RPM	A	-0.35%
THC	D	-0.34%
PNR	A	-0.34%
FIX	A	-0.34%
NWSA	A	-0.33%
DUOL	A	-0.33%
EWBC	A	-0.33%
TOL	B	-0.33%
WSO	A	-0.33%
CASY	A	-0.32%
OC	A	-0.32%
EQH	C	-0.32%
TW	A	-0.32%
RGA	A	-0.31%
L	A	-0.31%
CW	C	-0.31%
ACM	B	-0.31%
GGG	B	-0.3%
INCY	C	-0.3%
RNR	C	-0.3%
PSTG	D	-0.3%
SF	B	-0.29%
ROL	B	-0.29%
TXRH	B	-0.29%
FTI	A	-0.29%
UNM	A	-0.29%
CPT	B	-0.28%
DOCS	C	-0.28%
TPR	B	-0.28%
NDSN	B	-0.28%
EXEL	B	-0.28%
ELS	C	-0.28%
DTM	A	-0.28%
SCI	B	-0.28%
SW	A	-0.28%
NBIX	C	-0.27%
TTEK	F	-0.27%
UHS	D	-0.27%
ATR	B	-0.27%
EVR	B	-0.27%
REG	A	-0.27%
CLH	C	-0.27%
JLL	D	-0.27%
CACI	D	-0.27%
JNPR	D	-0.27%
LECO	C	-0.26%
PRI	B	-0.26%
LAMR	C	-0.26%
BSY	F	-0.26%
BXP	C	-0.26%
ALLE	C	-0.26%
WBS	A	-0.26%
BWXT	B	-0.26%
OWL	A	-0.26%
AMH	C	-0.26%
CIEN	C	-0.26%
FHN	A	-0.26%
NVT	B	-0.26%
AIZ	A	-0.26%
ITT	A	-0.26%
CHRW	B	-0.26%
AAON	B	-0.25%
ALSN	B	-0.25%
EXP	B	-0.25%
HLI	A	-0.25%
SOLV	D	-0.25%
EHC	B	-0.25%
WAL	B	-0.25%
DOX	D	-0.25%
DKS	D	-0.25%
BJ	A	-0.25%
TAP	C	-0.25%
OGE	A	-0.24%
WWD	C	-0.24%
NYT	D	-0.24%
BLD	D	-0.24%
OHI	C	-0.24%
INGR	C	-0.24%
BRBR	A	-0.24%
AYI	B	-0.24%
KNSL	B	-0.24%
CUBE	C	-0.24%
GMED	A	-0.24%
CMA	B	-0.24%
PLNT	A	-0.23%
MORN	B	-0.23%
AFG	A	-0.23%
ZION	B	-0.23%
ORI	A	-0.23%
CNX	A	-0.23%
SRPT	F	-0.23%
SNV	C	-0.23%
MASI	B	-0.23%
TPX	B	-0.23%
MUSA	B	-0.23%
ERIE	D	-0.23%
GL	C	-0.23%
JXN	C	-0.22%
RGLD	C	-0.22%
SNX	D	-0.22%
BRX	A	-0.22%
SEIC	B	-0.22%
DVA	C	-0.22%
RL	C	-0.22%
VOYA	B	-0.22%
CBSH	B	-0.22%
ALLY	C	-0.22%
WING	D	-0.22%
WH	B	-0.22%
CHDN	B	-0.22%
WTFC	A	-0.22%
CR	A	-0.21%
GPK	C	-0.21%
MEDP	D	-0.21%
HSIC	C	-0.21%
ONTO	F	-0.21%
TFX	F	-0.21%
AXTA	B	-0.21%
RBC	A	-0.21%
HRB	D	-0.21%
FRT	B	-0.21%
MTSI	B	-0.21%
CHE	D	-0.21%
DCI	B	-0.21%
ELAN	D	-0.2%
CRBG	B	-0.2%
RHI	C	-0.2%
SKX	D	-0.2%
TMHC	C	-0.2%
CPB	D	-0.2%
FLS	B	-0.2%
SAIC	F	-0.2%
ESAB	C	-0.2%
CHRD	D	-0.2%
REXR	F	-0.2%
RLI	A	-0.2%
MTCH	D	-0.2%
HRL	D	-0.2%
ADC	A	-0.2%
BWA	D	-0.2%
G	B	-0.2%
R	B	-0.19%
CMC	B	-0.19%
MHK	D	-0.19%
WMS	F	-0.19%
AXS	A	-0.19%
ALV	C	-0.19%
ACI	C	-0.19%
KD	B	-0.19%
TTC	C	-0.19%
AOS	F	-0.19%
RGEN	D	-0.19%
BERY	C	-0.19%
DBX	B	-0.19%
NNN	C	-0.19%
WMG	D	-0.18%
WFRD	D	-0.18%
SUM	B	-0.18%
OSK	C	-0.18%
OLED	F	-0.18%
ESTC	C	-0.18%
TREX	C	-0.18%
DINO	D	-0.18%
VNT	C	-0.18%
SN	D	-0.18%
FR	D	-0.18%
MTG	C	-0.18%
VMI	B	-0.18%
AWI	A	-0.18%
SSD	F	-0.18%
BPOP	C	-0.18%
GNTX	C	-0.18%
UMBF	B	-0.18%
NFG	A	-0.18%
THG	A	-0.18%
OMF	A	-0.18%
MTN	C	-0.18%
TDS	B	-0.18%
NXST	C	-0.17%
MATX	C	-0.17%
SLM	A	-0.17%
ESNT	F	-0.17%
FCN	F	-0.17%
LSTR	D	-0.17%
AMG	B	-0.17%
GPI	B	-0.17%
MTH	D	-0.17%
BFAM	D	-0.17%
HII	F	-0.17%
STAG	D	-0.17%
BYD	B	-0.17%
ESI	B	-0.17%
CEIX	A	-0.17%
EPRT	B	-0.17%
CROX	D	-0.16%
POST	C	-0.16%
TGNA	B	-0.16%
ABG	C	-0.16%
CNO	B	-0.16%
VVV	D	-0.16%
ZD	B	-0.16%
PEGA	B	-0.16%
ALE	A	-0.16%
CUZ	B	-0.16%
APPF	B	-0.16%
ASB	B	-0.16%
PBH	A	-0.16%
COKE	C	-0.16%
BGC	C	-0.16%
SKYW	C	-0.16%
OLLI	D	-0.16%
OZK	B	-0.16%
MSA	F	-0.16%
BKH	A	-0.16%
ARW	D	-0.16%
CNM	D	-0.16%
GEO	B	-0.16%
LOPE	C	-0.16%
UGI	C	-0.16%
FULT	A	-0.15%
NWE	B	-0.15%
IBOC	B	-0.15%
KRC	B	-0.15%
AGCO	D	-0.15%
VIRT	A	-0.15%
FHI	B	-0.15%
ACA	A	-0.15%
DXC	B	-0.15%
GHC	B	-0.15%
EEFT	B	-0.15%
TNL	A	-0.15%
BRKR	D	-0.15%
PSN	D	-0.15%
CRUS	D	-0.15%
SANM	B	-0.15%
AVT	C	-0.15%
SR	A	-0.15%
CATY	B	-0.15%
BTU	B	-0.15%
RDN	D	-0.15%
NHI	D	-0.14%
ESGR	B	-0.14%
CXW	C	-0.14%
ENVA	B	-0.14%
DLB	B	-0.14%
MHO	D	-0.14%
SLGN	A	-0.14%
CHH	A	-0.14%
SON	F	-0.14%
CIVI	D	-0.14%
LGND	C	-0.13%
HOG	D	-0.13%
HCC	B	-0.13%
BNL	D	-0.13%
MSM	C	-0.13%
ARCH	B	-0.13%
NEU	D	-0.13%
WEN	D	-0.13%
TKR	D	-0.13%
PHIN	A	-0.13%
DEI	B	-0.13%
AN	C	-0.13%
AVA	A	-0.13%
HIW	C	-0.13%
UE	B	-0.13%
FLO	D	-0.13%
RUSHA	C	-0.13%
KFY	B	-0.13%
GTES	A	-0.13%
BFH	C	-0.13%
AGR	A	-0.13%
GNW	A	-0.13%
ASH	F	-0.12%
NSA	C	-0.12%
PAG	B	-0.12%
OGN	F	-0.12%
USM	B	-0.12%
PPC	C	-0.12%
PBF	D	-0.12%
BRC	D	-0.12%
HMN	B	-0.12%
QCRH	B	-0.12%
AMED	F	-0.12%
WSBC	B	-0.12%
VSTO	A	-0.12%
COLM	C	-0.12%
WU	F	-0.12%
PINC	B	-0.12%
WLK	D	-0.12%
UVSP	B	-0.11%
AMAL	B	-0.11%
LZB	B	-0.11%
CPF	B	-0.11%
NHC	C	-0.11%
AMKR	D	-0.11%
GIII	D	-0.11%
PFBC	B	-0.11%
WABC	B	-0.11%
LTC	B	-0.11%
EQC	B	-0.11%
SHO	D	-0.11%
CTBI	B	-0.11%
EIG	B	-0.11%
SBH	C	-0.11%
STRA	C	-0.11%
CXT	C	-0.11%
UNF	B	-0.11%
SPOK	B	-0.11%
OFG	B	-0.11%
HUBG	A	-0.11%
ADTN	A	-0.11%
BHE	C	-0.11%
PLTK	B	-0.11%
MCB	B	-0.11%
MTX	B	-0.11%
DDS	B	-0.1%
TPC	C	-0.1%
CUBI	B	-0.1%
DEA	D	-0.1%
INSW	F	-0.1%
SCSC	C	-0.1%
ACT	C	-0.1%
THFF	B	-0.1%
LEVI	F	-0.1%
MDU	D	-0.1%
AAT	B	-0.1%
PDM	D	-0.1%
SRCE	B	-0.1%
WINA	C	-0.1%
SXC	A	-0.1%
IBCP	B	-0.1%
MSBI	B	-0.1%
STNG	F	-0.1%
UTL	B	-0.1%
PRDO	B	-0.1%
SIRI	C	-0.1%
PEBO	B	-0.1%
XHR	B	-0.1%
CNXN	C	-0.09%
UTMD	F	-0.09%
PGRE	F	-0.09%
INFA	D	-0.09%
CFB	B	-0.09%
SMP	C	-0.09%
FF	F	-0.09%
HSII	B	-0.09%
WSR	A	-0.09%
REYN	D	-0.09%
SCHL	F	-0.09%
OLP	B	-0.09%
AMCX	C	-0.08%
OSUR	F	-0.08%
IMKTA	C	-0.08%
ETD	C	-0.08%
SCS	C	-0.08%
VNDA	C	-0.08%
SCVL	F	-0.08%
HCSG	C	-0.08%
VSH	F	-0.08%
CNXC	F	-0.07%
EBF	F	-0.07%
NPK	B	-0.07%
RMR	F	-0.07%
HE	C	-0.07%
IMMR	C	-0.06%
ASC	F	-0.06%
PANL	F	-0.06%
KELYA	F	-0.05%
CLW	F	-0.04%