VTWG vs. XBI ETF Comparison

Comparison of Vanguard Russell 2000 Growth ETF (VTWG) to SPDR S&P Biotech ETF (XBI)

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

$226.16

Average Daily Volume

33,378

Number of Holdings ^*

967

* may have additional holdings in another (foreign) market

XBI

SPDR S&P Biotech ETF

XBI Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the biotechnology segment of a U.S. total market composite index. In seeking to track the performance of the S&P Biotechnology Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the biotechnology industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$96.24

Average Daily Volume

8,531,296

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

Performance

Period	VTWG	XBI
30 Days	9.79%	-0.44%
60 Days	9.95%	-2.97%
90 Days	10.52%	-5.18%
12 Months	39.57%	32.40%

85 Overlapping Holdings

Symbol	Grade	Weight in VTWG	Weight in XBI	Overlap
ABUS	D	0.04%	0.07%	0.04%
ACAD	D	0.13%	0.78%	0.13%
ACLX	C	0.27%	0.79%	0.27%
ADMA	B	0.27%	1.23%	0.27%
AKRO	B	0.03%	0.43%	0.03%
ALEC	F	0.03%	0.04%	0.03%
ALKS	B	0.31%	1.13%	0.31%
ALT	C	0.02%	0.18%	0.02%
ANAB	F	0.03%	0.12%	0.03%
APLT	B	0.04%	0.22%	0.04%
ARCT	F	0.03%	0.17%	0.03%
ARDX	F	0.1%	0.47%	0.1%
ARQT	C	0.06%	0.42%	0.06%
ARWR	F	0.17%	0.54%	0.17%
AVXL	B	0.01%	0.17%	0.01%
BBIO	F	0.15%	0.87%	0.15%
BCRX	D	0.12%	0.42%	0.12%
BPMC	C	0.41%	1.69%	0.41%
CDMO	B	0.04%	0.22%	0.04%
CDNA	D	0.02%	0.24%	0.02%
CELC	F	0.03%	0.11%	0.03%
CGEM	F	0.05%	0.25%	0.05%
CGON	F	0.08%	0.42%	0.08%
CLDX	F	0.1%	0.34%	0.1%
COGT	D	0.07%	0.16%	0.07%
CPRX	C	0.18%	0.41%	0.18%
CRNX	C	0.36%	0.84%	0.36%
CYTK	F	0.04%	1.79%	0.04%
DAWN	F	0.05%	0.28%	0.05%
DNLI	D	0.14%	0.46%	0.14%
DVAX	C	0.09%	0.49%	0.09%
DYN	F	0.17%	0.78%	0.17%
FDMT	F	0.02%	0.12%	0.02%
FOLD	F	0.25%	0.63%	0.25%
GERN	D	0.12%	0.86%	0.12%
HALO	F	0.47%	1.27%	0.47%
HUMA	F	0.03%	0.18%	0.03%
IDYA	F	0.17%	0.53%	0.17%
IMNM	F	0.04%	0.13%	0.04%
IMVT	F	0.13%	0.62%	0.13%
INSM	C	0.78%	2.43%	0.78%
IOVA	F	0.2%	0.88%	0.2%
IRON	B	0.01%	0.34%	0.01%
IRWD	F	0.01%	0.26%	0.01%
JANX	C	0.11%	0.51%	0.11%
KALV	D	0.03%	0.07%	0.03%
KROS	D	0.13%	0.36%	0.13%
KRYS	B	0.32%	1.29%	0.32%
KURA	F	0.09%	0.24%	0.09%
KYMR	D	0.15%	0.45%	0.15%
MDGL	B	0.34%	2.17%	0.34%
MDXG	B	0.03%	0.16%	0.03%
MIRM	B	0.11%	0.57%	0.11%
MNKD	C	0.11%	0.34%	0.11%
NRIX	D	0.08%	0.33%	0.08%
NUVL	D	0.23%	0.6%	0.23%
NVAX	F	0.08%	0.47%	0.08%
OCGN	F	0.02%	0.12%	0.02%
OLMA	F	0.01%	0.13%	0.01%
ORIC	F	0.01%	0.09%	0.01%
PCVX	D	0.94%	0.9%	0.9%
PRTA	F	0.03%	0.13%	0.03%
PTCT	B	0.17%	0.64%	0.17%
PTGX	C	0.2%	0.58%	0.2%
RCKT	F	0.08%	0.28%	0.08%
RCUS	F	0.06%	0.2%	0.06%
RNA	D	0.34%	1.32%	0.34%
RVMD	C	0.39%	1.46%	0.39%
RXRX	F	0.11%	0.66%	0.11%
RYTM	C	0.19%	0.61%	0.19%
SANA	F	0.03%	0.12%	0.03%
SMMT	D	0.11%	0.33%	0.11%
SNDX	F	0.11%	0.44%	0.11%
SPRY	D	0.05%	0.18%	0.05%
SRRK	B	0.13%	0.49%	0.13%
STOK	F	0.03%	0.16%	0.03%
SVRA	D	0.02%	0.08%	0.02%
SWTX	C	0.15%	0.77%	0.15%
TGTX	B	0.26%	1.62%	0.26%
TWST	D	0.17%	0.93%	0.17%
VCEL	B	0.16%	0.46%	0.16%
VERA	B	0.12%	0.57%	0.12%
VRDN	D	0.07%	0.3%	0.07%
XNCR	B	0.04%	0.24%	0.04%
YMAB	F	0.04%	0.06%	0.04%

VTWG Overweight 882 Positions Relative to XBI

Symbol	Grade	Weight
SFM	A	0.96%
AIT	A	0.66%
FN	D	0.65%
ENSG	D	0.64%
MLI	C	0.63%
FLR	B	0.61%
LNTH	D	0.56%
CRS	A	0.53%
HQY	B	0.53%
HLNE	B	0.51%
ANF	C	0.49%
GKOS	B	0.48%
EXLS	B	0.48%
CVLT	B	0.47%
RHP	B	0.46%
CWST	A	0.45%
MOD	A	0.45%
NOVT	D	0.45%
SPSC	C	0.45%
BMI	B	0.44%
HRI	B	0.44%
ALTR	B	0.44%
CBT	C	0.43%
CSWI	A	0.43%
AVAV	D	0.42%
MMSI	B	0.42%
BECN	B	0.41%
KNF	A	0.41%
VRNS	D	0.41%
MOG.A	B	0.4%
CHX	C	0.4%
BCPC	B	0.4%
WTS	B	0.39%
MMS	F	0.39%
RMBS	C	0.38%
ACIW	B	0.38%
GTLS	B	0.38%
IBP	D	0.38%
ZETA	D	0.37%
DY	D	0.37%
QTWO	A	0.37%
CRDO	B	0.36%
NSIT	F	0.36%
FSS	B	0.36%
PIPR	B	0.36%
ZWS	B	0.36%
STRL	B	0.35%
TENB	C	0.35%
MC	C	0.35%
FFIN	B	0.35%
SIGI	C	0.35%
KTB	B	0.35%
EXPO	D	0.35%
BCO	D	0.34%
SHAK	C	0.34%
ITRI	B	0.34%
QLYS	C	0.33%
BOX	B	0.33%
RDNT	B	0.32%
VRRM	D	0.32%
FELE	B	0.32%
PI	D	0.32%
UFPI	B	0.31%
WK	B	0.3%
MGY	A	0.3%
AEIS	B	0.3%
EAT	A	0.3%
WHD	B	0.29%
FTDR	A	0.29%
KAI	A	0.29%
CORT	B	0.29%
CWAN	B	0.29%
LRN	A	0.29%
RKLB	B	0.28%
STEP	B	0.28%
UPST	B	0.28%
MARA	C	0.28%
IDCC	A	0.28%
PRCT	B	0.28%
RXO	C	0.28%
BOOT	D	0.27%
CCOI	B	0.26%
ENS	D	0.26%
SGBX	F	0.26%
WDFC	B	0.26%
HAE	C	0.26%
AXNX	C	0.26%
HIMS	B	0.26%
SLAB	D	0.25%
AROC	B	0.25%
MWA	B	0.25%
ROAD	A	0.25%
LANC	C	0.25%
POWI	D	0.25%
CVCO	A	0.25%
ENV	B	0.24%
YOU	D	0.24%
GMS	B	0.24%
AXSM	B	0.24%
SHOO	D	0.24%
OSCR	D	0.24%
PJT	A	0.24%
CBZ	B	0.24%
GVA	A	0.23%
SMPL	B	0.23%
PRIM	A	0.23%
SITM	B	0.23%
BLKB	B	0.23%
ATKR	C	0.23%
ICFI	F	0.23%
BL	B	0.23%
TDW	F	0.22%
FORM	D	0.22%
UEC	B	0.22%
DORM	B	0.22%
SXT	B	0.22%
MGRC	B	0.21%
APAM	B	0.21%
ACLS	F	0.21%
NSP	D	0.21%
AEO	F	0.21%
SMTC	B	0.21%
ITGR	B	0.21%
CRVL	A	0.2%
EVH	F	0.2%
PTON	B	0.2%
TNET	D	0.2%
CNS	B	0.2%
PATK	D	0.2%
HGV	B	0.2%
PRGS	A	0.2%
CARG	C	0.2%
LCII	C	0.2%
JJSF	B	0.19%
BCC	B	0.19%
NARI	C	0.19%
WD	D	0.19%
ACVA	B	0.19%
GH	B	0.19%
TRN	C	0.19%
ALRM	C	0.19%
DOCN	D	0.19%
CNK	B	0.19%
AUR	C	0.19%
TMDX	F	0.19%
GFF	A	0.18%
SEM	B	0.18%
POWL	C	0.18%
TBBK	B	0.18%
EPAC	B	0.18%
KLIC	B	0.18%
COMP	B	0.18%
FRSH	C	0.18%
CLSK	C	0.18%
GSHD	A	0.18%
EWTX	C	0.18%
ARCB	C	0.18%
HBI	B	0.18%
VCTR	B	0.18%
BDC	B	0.18%
VC	D	0.18%
OII	B	0.18%
RPD	C	0.18%
CAKE	C	0.17%
SKY	A	0.17%
YELP	C	0.17%
VERX	B	0.17%
AGYS	A	0.17%
IRTC	D	0.17%
MQ	F	0.17%
AMR	C	0.17%
IOSP	B	0.17%
ENR	B	0.17%
ASTH	D	0.17%
CNMD	C	0.16%
EVTC	B	0.16%
KWR	C	0.16%
MYRG	B	0.16%
PLMR	B	0.16%
IPAR	B	0.16%
INTA	A	0.15%
MTRN	C	0.15%
OSIS	B	0.15%
PAR	B	0.15%
VAL	D	0.15%
TNDM	F	0.15%
HURN	B	0.15%
HWKN	B	0.15%
COOP	B	0.15%
BRZE	C	0.15%
AI	B	0.15%
FLYW	C	0.15%
AZZ	B	0.14%
OPCH	D	0.14%
LAUR	A	0.14%
PAYO	A	0.14%
JOE	F	0.14%
PRVA	B	0.14%
NATL	B	0.14%
JOBY	B	0.14%
LBPH	A	0.14%
UFPT	B	0.14%
AMPH	D	0.14%
VYX	B	0.13%
AWR	B	0.13%
ALG	B	0.13%
BE	B	0.13%
OSW	A	0.13%
KOS	F	0.13%
GOLF	B	0.13%
TFIN	A	0.13%
LMAT	A	0.13%
IESC	B	0.13%
TRUP	B	0.13%
RXST	F	0.13%
HEES	B	0.12%
UPBD	B	0.12%
PLUS	F	0.12%
ESE	B	0.12%
NVCR	C	0.12%
AGX	B	0.12%
TARS	B	0.12%
SXI	B	0.12%
OCUL	D	0.12%
ALKT	B	0.12%
STNE	F	0.12%
RAMP	C	0.12%
PD	C	0.12%
ARVN	D	0.12%
UPWK	B	0.12%
WULF	C	0.11%
STAA	F	0.11%
APPN	B	0.11%
CSTM	F	0.11%
AMN	F	0.11%
WT	B	0.11%
OTTR	C	0.11%
PFSI	D	0.11%
SOUN	C	0.11%
WRBY	B	0.11%
UCTT	D	0.11%
AGM	C	0.11%
KTOS	B	0.11%
SMR	B	0.11%
NGVT	B	0.11%
TGLS	B	0.11%
CALX	D	0.11%
SPT	C	0.1%
PSMT	C	0.1%
BKE	B	0.1%
THRM	D	0.1%
FLNC	C	0.1%
AESI	B	0.1%
BLBD	D	0.1%
NSSC	D	0.1%
VECO	F	0.1%
INFN	C	0.1%
JAMF	F	0.1%
HROW	D	0.1%
CSGS	B	0.1%
ZUO	B	0.1%
ENVX	F	0.1%
SONO	C	0.1%
SKT	B	0.1%
CHEF	A	0.1%
MGNI	A	0.1%
MGEE	C	0.1%
RRR	D	0.09%
CTS	C	0.09%
PLXS	B	0.09%
USLM	A	0.09%
SFBS	B	0.09%
PLAY	D	0.09%
LOB	B	0.09%
CRAI	B	0.09%
USPH	B	0.09%
RDFN	D	0.09%
VRTS	B	0.09%
WWW	B	0.09%
HLIT	D	0.09%
ALHC	C	0.09%
PGNY	F	0.09%
PZZA	D	0.09%
PHR	F	0.08%
ERII	D	0.08%
ATRC	C	0.08%
BKD	D	0.08%
CWH	B	0.08%
OUT	A	0.08%
ATEN	B	0.08%
SAVA	D	0.08%
JBI	F	0.08%
IMAX	B	0.08%
LEU	C	0.08%
HLIO	B	0.08%
FIZZ	C	0.08%
REVG	B	0.08%
WOR	F	0.08%
KFRC	D	0.08%
KLG	C	0.08%
TPH	D	0.08%
EXPI	C	0.08%
HNI	B	0.08%
QNST	B	0.08%
AMBA	B	0.08%
COLL	F	0.08%
KALU	C	0.08%
FUL	F	0.08%
VITL	D	0.08%
AMRX	C	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	D	0.07%
PNTG	D	0.07%
SHLS	F	0.07%
ASGN	F	0.07%
GPOR	B	0.07%
ELVN	D	0.07%
WLY	B	0.07%
CENX	B	0.07%
ASO	F	0.07%
HCI	C	0.07%
CXM	C	0.07%
RVLV	B	0.07%
COUR	F	0.07%
JACK	D	0.07%
ARLO	C	0.07%
DFIN	D	0.07%
ASAN	C	0.07%
HRMY	D	0.07%
SDGR	C	0.07%
DNUT	D	0.07%
XPEL	C	0.07%
MXL	C	0.07%
VZIO	A	0.07%
ROCK	C	0.07%
ARRY	C	0.07%
MCRI	A	0.07%
EXTR	B	0.07%
LMND	B	0.07%
UDMY	F	0.06%
OXM	D	0.06%
ANIP	F	0.06%
BLFS	C	0.06%
YEXT	A	0.06%
UTZ	D	0.06%
VVI	C	0.06%
LMB	A	0.06%
GRC	A	0.06%
AGL	F	0.06%
PAGS	F	0.06%
AORT	B	0.06%
CWT	D	0.06%
ATEC	C	0.06%
SM	B	0.06%
CMPR	D	0.06%
MRVI	F	0.06%
RSI	B	0.06%
MEG	F	0.06%
XMTR	C	0.06%
DFH	D	0.06%
BBSI	B	0.06%
BLND	B	0.06%
IE	C	0.06%
AMSC	B	0.06%
ADUS	D	0.06%
TRNS	D	0.06%
OEC	C	0.06%
NNBR	C	0.06%
NABL	F	0.06%
MCW	B	0.05%
PUBM	C	0.05%
SGHC	A	0.05%
RVNC	F	0.05%
BASE	C	0.05%
LQDA	D	0.05%
SSTK	F	0.05%
PAX	B	0.05%
LNN	B	0.05%
SLVM	B	0.05%
GSAT	C	0.05%
HI	C	0.05%
URBN	C	0.05%
ACMR	F	0.05%
UTI	A	0.05%
ZIP	F	0.05%
DBRG	F	0.05%
CCB	A	0.05%
NEXT	B	0.05%
MGPI	F	0.05%
PECO	A	0.05%
GDYN	B	0.05%
IBUY	A	0.05%
BLMN	F	0.05%
TPB	B	0.05%
CECO	A	0.05%
ACHR	B	0.05%
AUPH	B	0.05%
BSIG	A	0.05%
KBH	D	0.05%
TNC	D	0.05%
JBSS	D	0.05%
TTGT	C	0.05%
FSLY	D	0.05%
CASS	B	0.04%
PLAB	C	0.04%
DJCO	B	0.04%
ALX	D	0.04%
CVI	F	0.04%
BBW	B	0.04%
CTLP	B	0.04%
CASH	A	0.04%
PRMW	C	0.04%
HLF	C	0.04%
CRMD	C	0.04%
IDT	B	0.04%
AIN	C	0.04%
MAX	F	0.04%
FWRG	C	0.04%
APOG	B	0.04%
EU	D	0.04%
REAX	D	0.04%
LPG	F	0.04%
TREE	F	0.04%
INOD	B	0.04%
WEAV	B	0.04%
APLD	A	0.04%
PTLO	F	0.04%
ATGE	B	0.04%
VSCO	B	0.04%
HCKT	B	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	C	0.04%
VICR	B	0.04%
NRDS	C	0.04%
GRBK	D	0.04%
KRUS	B	0.04%
AXGN	D	0.04%
CIFR	B	0.04%
TYRA	F	0.03%
PBI	B	0.03%
LRMR	F	0.03%
DSGR	D	0.03%
RIOT	C	0.03%
URGN	F	0.03%
MLNK	B	0.03%
WRLD	C	0.03%
GIC	D	0.03%
NVEC	C	0.03%
BYND	F	0.03%
MNTK	F	0.03%
BIGC	C	0.03%
BFS	C	0.03%
ARHS	F	0.03%
LWLG	F	0.03%
BJRI	B	0.03%
PX	A	0.03%
MIR	A	0.03%
CSV	B	0.03%
SKWD	A	0.03%
AEHR	F	0.03%
IRMD	C	0.03%
PPTA	C	0.03%
AX	A	0.03%
MITK	C	0.03%
CTRE	D	0.03%
ESQ	A	0.03%
EAF	C	0.03%
AIR	B	0.03%
CBL	A	0.03%
FA	C	0.03%
TTI	C	0.03%
JELD	F	0.03%
UHT	D	0.03%
GCMG	B	0.03%
PLOW	D	0.03%
LFST	C	0.03%
BAND	B	0.03%
SLP	D	0.03%
MYE	F	0.03%
ENFN	A	0.03%
AMSF	B	0.03%
CAPR	C	0.03%
HY	D	0.03%
FC	F	0.03%
DMRC	C	0.03%
FLNG	B	0.03%
AGS	A	0.03%
XERS	B	0.03%
EVER	F	0.03%
SIBN	F	0.03%
MNMD	C	0.03%
AHCO	F	0.03%
THRY	F	0.03%
CEVA	B	0.03%
CRGY	B	0.03%
LQDT	B	0.03%
SEMR	B	0.03%
SYNA	C	0.02%
HTLD	B	0.02%
NATH	C	0.02%
INSE	C	0.02%
WTI	F	0.02%
NBR	C	0.02%
CALM	A	0.02%
SERA	F	0.02%
NOG	A	0.02%
LOVE	B	0.02%
PRME	F	0.02%
ABSI	F	0.02%
MCY	A	0.02%
EWCZ	F	0.02%
TRAK	B	0.02%
EB	C	0.02%
LAZR	F	0.02%
NMIH	D	0.02%
TMCI	D	0.02%
IIIN	C	0.02%
ASPN	F	0.02%
CBRL	C	0.02%
DENN	D	0.02%
LIND	C	0.02%
SAH	A	0.02%
LUNG	F	0.02%
CYRX	F	0.02%
IGMS	F	0.02%
TDOC	C	0.02%
NVEE	F	0.02%
SNEX	B	0.02%
NTST	D	0.02%
HSTM	B	0.02%
FBP	B	0.02%
TH	C	0.02%
SIGA	F	0.02%
JBT	B	0.02%
FNA	C	0.02%
BYRN	B	0.02%
CRCT	F	0.02%
SABR	C	0.02%
HLX	B	0.02%
OLO	B	0.02%
ULCC	D	0.02%
RCEL	C	0.02%
CHPT	F	0.02%
BMEA	F	0.02%
SNCY	C	0.02%
BANF	B	0.02%
SFL	D	0.02%
VSEC	C	0.02%
EYPT	F	0.02%
SKYT	D	0.02%
DOMO	C	0.02%
BWMN	C	0.02%
DK	C	0.02%
CYH	F	0.02%
METC	C	0.02%
NRC	F	0.02%
CENTA	C	0.02%
EGHT	C	0.02%
CERS	C	0.02%
ICHR	C	0.02%
INST	C	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	D	0.02%
LESL	C	0.02%
XPOF	C	0.02%
PRG	C	0.02%
PCT	C	0.02%
CCS	D	0.02%
IGT	F	0.02%
CAL	D	0.02%
PDCO	D	0.02%
NIC	B	0.02%
LYTS	B	0.02%
PLSE	C	0.02%
CMPO	A	0.02%
NPO	A	0.02%
GRND	A	0.02%
SRCL	C	0.02%
AMRC	F	0.02%
RDVT	A	0.02%
SRDX	B	0.02%
DHIL	A	0.02%
CCO	C	0.01%
NWPX	A	0.01%
DAKT	B	0.01%
CVGW	D	0.01%
FOR	F	0.01%
STKS	F	0.01%
REKR	F	0.01%
ODC	C	0.01%
AKYA	F	0.01%
BDTX	F	0.01%
VERU	F	0.01%
GCO	B	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	D	0.01%
EVI	C	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%
CWCO	C	0.01%
LFMD	D	0.01%
NPCE	C	0.01%
UVE	B	0.01%
CTGO	D	0.01%
MODV	C	0.01%
THR	B	0.01%
OPRX	F	0.01%
GNE	D	0.01%
PEPG	F	0.01%
STGW	B	0.01%
INVA	D	0.01%
SSTI	C	0.01%
EGAN	C	0.01%
EVEX	D	0.01%
GOOD	B	0.01%
PRTH	C	0.01%
ACHV	F	0.01%
TILE	B	0.01%
LKFN	B	0.01%
STXS	C	0.01%
SCWO	F	0.01%
NTIC	C	0.01%
IAS	C	0.01%
MRAM	D	0.01%
ULH	B	0.01%
PFIS	A	0.01%
QUIK	F	0.01%
CADL	F	0.01%
ESPR	C	0.01%
TRVI	D	0.01%
MRSN	D	0.01%
PKE	B	0.01%
LAW	D	0.01%
AQST	D	0.01%
TAYD	D	0.01%
INBK	B	0.01%
MVIS	F	0.01%
SPNT	A	0.01%
PAHC	C	0.01%
KFS	B	0.01%
BRY	F	0.01%
GRPN	F	0.01%
FHTX	D	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%
TIPT	B	0.01%
FFWM	C	0.01%
LWAY	D	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	B	0.01%
SUPN	C	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	C	0.01%
CHCO	B	0.01%
CDZI	B	0.01%
ZYXI	D	0.01%
QRHC	D	0.01%
MSEX	B	0.01%
CTOS	C	0.01%
ADCT	F	0.01%
NEO	C	0.01%
SMLR	B	0.01%
MDWD	D	0.01%
GWRS	B	0.01%
OMI	F	0.01%
MGTX	C	0.01%
TCX	F	0.01%
BRCC	F	0.01%
REX	D	0.01%
LGIH	D	0.01%
XOMA	C	0.01%
AEYE	C	0.01%
SMID	B	0.01%
WKC	D	0.01%
ARAY	D	0.01%
MLP	B	0.01%
LBRT	D	0.01%
SCL	C	0.01%
HEAR	C	0.01%
EVCM	B	0.01%
GAMB	A	0.01%
PRCH	C	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	C	0.01%
KNTK	B	0.01%
ANDE	D	0.01%
DSP	B	0.01%
RGR	F	0.01%
GOGO	C	0.01%
OFLX	D	0.01%
KREF	D	0.01%
KRT	A	0.01%
BVS	D	0.01%
MRTN	C	0.01%
PFMT	D	0.01%
RICK	C	0.01%
LNZA	F	0.01%
MGNX	F	0.01%
PESI	B	0.01%
ZURA	F	0.01%
MLAB	D	0.01%
GCBC	C	0.01%
REAL	A	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	A	0.0%
QIPT	F	0.0%
SPCE	D	0.0%
ATLC	B	0.0%
ULBI	F	0.0%
GRWG	F	0.0%
HLVX	D	0.0%
VIRC	B	0.0%
RMNI	C	0.0%
LUNR	B	0.0%
VGAS	C	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	D	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	B	0.0%
ALDX	D	0.0%
RM	D	0.0%
ORN	C	0.0%
TNYA	C	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	D	0.0%
MPX	B	0.0%
CENT	C	0.0%
CHCT	C	0.0%
CMRE	C	0.0%
HCAT	D	0.0%
FUBO	F	0.0%
OOMA	B	0.0%
FG	B	0.0%
PBYI	C	0.0%
METCB	D	0.0%
ANIK	F	0.0%
USCB	B	0.0%
MYFW	B	0.0%
MCBS	B	0.0%
MLR	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	B	0.0%
CRDF	F	0.0%
ALXO	F	0.0%
HDSN	F	0.0%
SWBI	C	0.0%
OUST	C	0.0%
GMGI	D	0.0%
QBTS	B	0.0%
AHH	D	0.0%
OBIO	C	0.0%
BOOM	F	0.0%
FLWS	F	0.0%
EYE	C	0.0%
RCKY	F	0.0%
DXPE	B	0.0%
ITIC	B	0.0%
PTVE	B	0.0%
ARKO	C	0.0%
EGY	D	0.0%
ATNM	F	0.0%
OPEN	D	0.0%
HOV	D	0.0%
PCRX	C	0.0%
SHBI	A	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	C	0.0%
DCGO	C	0.0%
NGVC	A	0.0%
CLPR	D	0.0%
YORW	D	0.0%
TTSH	D	0.0%
QTRX	F	0.0%
OVID	F	0.0%
PLL	C	0.0%
NRDY	C	0.0%

VTWG Underweight 43 Positions Relative to XBI

Symbol	Grade	Weight
NTRA	B	-3.3%
INCY	C	-3.29%
GILD	C	-2.9%
UTHR	C	-2.88%
NBIX	C	-2.62%
VRTX	F	-2.62%
ALNY	D	-2.38%
ABBV	D	-2.33%
AMGN	D	-2.28%
SRPT	D	-2.28%
BIIB	F	-2.19%
EXAS	D	-2.05%
VKTX	F	-2.0%
BMRN	D	-1.98%
REGN	F	-1.8%
CRSP	D	-1.63%
MRNA	F	-1.57%
EXEL	B	-1.23%
ROIV	C	-1.18%
IONS	F	-1.08%
APLS	D	-0.86%
AGIO	C	-0.76%
BEAM	D	-0.72%
RARE	D	-0.69%
NTLA	F	-0.58%
VCYT	B	-0.53%
MYGN	F	-0.27%
TVTX	B	-0.26%
VIR	D	-0.2%
EBS	C	-0.2%
REPL	B	-0.18%
ANNX	F	-0.16%
ETNB	C	-0.16%
VERV	F	-0.15%
RLAY	F	-0.14%
RGNX	F	-0.12%
ALLO	F	-0.11%
SAGE	F	-0.11%
CCCC	F	-0.1%
ERAS	C	-0.1%
FATE	F	-0.08%
SCLX	F	-0.06%
ITOS	F	-0.06%