VV vs. PHDG ETF Comparison

Comparison of Vanguard Large-Cap ETF - DNQ (VV) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

VV

Vanguard Large-Cap ETF - DNQ

VV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Large Cap Index, a broadly diversified index of large U.S. companies representing approximately the top 85% of the U.S. market capitalization. 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

$274.27

Average Daily Volume

217,603

Number of Holdings ^*

485

* 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

$38.30

Average Daily Volume

12,482

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	VV	PHDG
30 Days	3.37%	0.66%
60 Days	4.91%	1.51%
90 Days	6.68%	1.58%
12 Months	33.22%	18.52%

434 Overlapping Holdings

	Symbol	Grade	Weight in VV	Weight in PHDG	Overlap
	A	D	0.08%	0.04%	0.04%
	AAPL	C	6.78%	3.74%	3.74%
	ABBV	D	0.75%	0.32%	0.32%
	ABNB	C	0.11%	0.06%	0.06%
	ABT	B	0.41%	0.22%	0.22%
	ACGL	D	0.07%	0.04%	0.04%
	ACN	C	0.45%	0.24%	0.24%
	ADBE	C	0.44%	0.25%	0.25%
	ADI	D	0.23%	0.11%	0.11%
	ADM	D	0.05%	0.03%	0.03%
	ADP	B	0.25%	0.13%	0.13%
	ADSK	A	0.13%	0.07%	0.07%
	AEE	A	0.05%	0.03%	0.03%
	AEP	D	0.11%	0.05%	0.05%
	AFL	B	0.12%	0.06%	0.06%
	AIG	B	0.1%	0.05%	0.05%
	AJG	B	0.13%	0.07%	0.07%
	AKAM	D	0.03%	0.01%	0.01%
	ALB	C	0.01%	0.01%	0.01%
	ALGN	D	0.03%	0.02%	0.02%
	ALL	A	0.1%	0.06%	0.06%
	AMAT	F	0.31%	0.17%	0.17%
	AMD	F	0.48%	0.24%	0.24%
	AME	A	0.09%	0.05%	0.05%
	AMGN	D	0.36%	0.17%	0.17%
	AMP	A	0.1%	0.06%	0.06%
	AMT	D	0.21%	0.1%	0.1%
	AMZN	C	3.66%	2.13%	2.13%
	ANET	C	0.2%	0.11%	0.11%
	ANSS	B	0.06%	0.03%	0.03%
	AON	A	0.16%	0.09%	0.09%
	APD	A	0.14%	0.08%	0.08%
	APH	A	0.17%	0.09%	0.09%
	APTV	D	0.03%	0.02%	0.02%
	ARE	D	0.04%	0.02%	0.02%
	AVB	B	0.07%	0.03%	0.03%
	AVGO	D	1.64%	0.86%	0.86%
	AVY	D	0.03%	0.02%	0.02%
	AWK	D	0.06%	0.03%	0.03%
	AXP	A	0.28%	0.17%	0.17%
	AZO	C	0.11%	0.06%	0.06%
	BA	F	0.23%	0.11%	0.11%
	BAC	A	0.61%	0.33%	0.33%
	BALL	D	0.04%	0.02%	0.02%
	BAX	D	0.04%	0.02%	0.02%
	BBY	D	0.04%	0.02%	0.02%
	BDX	F	0.14%	0.07%	0.07%
	BEN	C	0.01%	0.01%	0.01%
	BIIB	F	0.05%	0.03%	0.03%
	BK	A	0.12%	0.06%	0.06%
	BKNG	A	0.33%	0.18%	0.18%
	BKR	B	0.08%	0.05%	0.05%
	BLK	C	0.29%	0.16%	0.16%
	BMY	B	0.23%	0.13%	0.13%
	BR	A	0.05%	0.03%	0.03%
	BRK.A	B	1.64%	0.92%	0.92%
	BRK.A	B	0.07%	0.92%	0.07%
	BRO	B	0.05%	0.03%	0.03%
	BSX	B	0.26%	0.14%	0.14%
	BX	A	0.25%	0.14%	0.14%
	C	A	0.24%	0.14%	0.14%
	CAG	D	0.03%	0.01%	0.01%
	CAH	B	0.05%	0.03%	0.03%
	CARR	D	0.13%	0.07%	0.07%
	CAT	B	0.38%	0.2%	0.2%
	CB	C	0.23%	0.12%	0.12%
	CBOE	B	0.05%	0.02%	0.02%
	CBRE	B	0.08%	0.04%	0.04%
	CCI	D	0.1%	0.05%	0.05%
	CCL	B	0.04%	0.03%	0.03%
	CDNS	B	0.16%	0.09%	0.09%
	CDW	F	0.05%	0.03%	0.03%
	CE	F	0.03%	0.01%	0.01%
	CEG	D	0.17%	0.08%	0.08%
	CF	B	0.03%	0.02%	0.02%
	CFG	B	0.04%	0.02%	0.02%
	CHD	B	0.05%	0.03%	0.03%
	CHTR	C	0.06%	0.04%	0.04%
	CI	F	0.18%	0.1%	0.1%
	CINF	A	0.05%	0.03%	0.03%
	CL	D	0.16%	0.08%	0.08%
	CLX	B	0.04%	0.02%	0.02%
	CMCSA	B	0.35%	0.18%	0.18%
	CME	A	0.17%	0.09%	0.09%
	CMG	B	0.16%	0.09%	0.09%
	CMI	A	0.09%	0.05%	0.05%
	CMS	C	0.04%	0.02%	0.02%
	CNC	D	0.07%	0.03%	0.03%
	CNP	B	0.04%	0.02%	0.02%
	COF	B	0.12%	0.08%	0.08%
	COP	C	0.26%	0.14%	0.14%
	COR	B	0.08%	0.05%	0.05%
	COST	B	0.81%	0.44%	0.44%
	CPAY	A	0.05%	0.03%	0.03%
	CPB	D	0.02%	0.01%	0.01%
	CPRT	A	0.09%	0.05%	0.05%
	CRM	B	0.56%	0.35%	0.35%
	CRWD	B	0.14%	0.09%	0.09%
	CSCO	B	0.41%	0.25%	0.25%
	CSGP	D	0.06%	0.03%	0.03%
	CSX	B	0.14%	0.07%	0.07%
	CTAS	B	0.15%	0.08%	0.08%
	CTRA	B	0.03%	0.02%	0.02%
	CTSH	B	0.08%	0.04%	0.04%
	CTVA	C	0.09%	0.04%	0.04%
	CVS	D	0.15%	0.07%	0.07%
	CVX	A	0.54%	0.3%	0.3%
	D	C	0.1%	0.05%	0.05%
	DAL	C	0.08%	0.04%	0.04%
	DD	D	0.06%	0.04%	0.04%
	DE	A	0.22%	0.11%	0.11%
	DELL	C	0.07%	0.04%	0.04%
	DFS	B	0.08%	0.05%	0.05%
	DG	F	0.04%	0.02%	0.02%
	DGX	A	0.04%	0.02%	0.02%
	DHI	D	0.1%	0.05%	0.05%
	DHR	F	0.33%	0.17%	0.17%
	DIS	B	0.36%	0.21%	0.21%
	DLR	B	0.12%	0.06%	0.06%
	DLTR	F	0.03%	0.01%	0.01%
	DOC	D	0.02%	0.02%	0.02%
	DOV	A	0.05%	0.03%	0.03%
	DOW	F	0.07%	0.03%	0.03%
	DPZ	C	0.03%	0.02%	0.02%
	DRI	B	0.04%	0.02%	0.02%
	DTE	C	0.05%	0.03%	0.03%
	DUK	C	0.18%	0.09%	0.09%
	DVN	F	0.05%	0.03%	0.03%
	DXCM	D	0.06%	0.03%	0.03%
	EA	A	0.08%	0.04%	0.04%
	EBAY	D	0.06%	0.03%	0.03%
	ECL	D	0.13%	0.07%	0.07%
	ED	D	0.07%	0.04%	0.04%
	EFX	F	0.07%	0.03%	0.03%
	EG	C	0.03%	0.02%	0.02%
	EIX	B	0.07%	0.03%	0.03%
	EL	F	0.03%	0.02%	0.02%
	ELV	F	0.2%	0.1%	0.1%
	EMR	A	0.13%	0.08%	0.08%
	ENPH	F	0.02%	0.01%	0.01%
	EOG	A	0.14%	0.08%	0.08%
	EQIX	A	0.18%	0.09%	0.09%
	EQR	B	0.05%	0.03%	0.03%
	EQT	B	0.02%	0.03%	0.02%
	ES	D	0.05%	0.02%	0.02%
	ESS	B	0.04%	0.02%	0.02%
	ETN	A	0.27%	0.16%	0.16%
	ETR	B	0.07%	0.03%	0.03%
	EVRG	A	0.01%	0.02%	0.01%
	EW	C	0.08%	0.04%	0.04%
	EXC	C	0.08%	0.04%	0.04%
	EXPD	D	0.03%	0.02%	0.02%
	EXPE	B	0.04%	0.02%	0.02%
	EXR	D	0.07%	0.04%	0.04%
	F	C	0.08%	0.05%	0.05%
	FANG	D	0.07%	0.04%	0.04%
	FAST	B	0.09%	0.05%	0.05%
	FCX	D	0.13%	0.07%	0.07%
	FDS	B	0.04%	0.02%	0.02%
	FDX	B	0.13%	0.07%	0.07%
	FE	C	0.05%	0.02%	0.02%
	FI	A	0.24%	0.13%	0.13%
	FICO	B	0.1%	0.06%	0.06%
	FIS	C	0.1%	0.05%	0.05%
	FITB	A	0.06%	0.03%	0.03%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	B	0.02%	0.01%	0.01%
	FSLR	F	0.04%	0.02%	0.02%
	FTNT	C	0.1%	0.06%	0.06%
	FTV	C	0.05%	0.03%	0.03%
	GD	F	0.14%	0.08%	0.08%
	GDDY	A	0.05%	0.03%	0.03%
	GE	D	0.37%	0.21%	0.21%
	GEHC	F	0.08%	0.04%	0.04%
	GEN	B	0.03%	0.02%	0.02%
	GEV	B	0.17%	0.1%	0.1%
	GILD	C	0.23%	0.12%	0.12%
	GIS	D	0.08%	0.04%	0.04%
	GLW	B	0.08%	0.04%	0.04%
	GM	B	0.12%	0.07%	0.07%
	GOOG	C	1.7%	0.92%	0.92%
	GOOGL	C	2.08%	1.11%	1.11%
	GPC	D	0.03%	0.02%	0.02%
	GPN	B	0.05%	0.03%	0.03%
	GRMN	B	0.06%	0.03%	0.03%
	GS	A	0.34%	0.2%	0.2%
	GWW	B	0.1%	0.06%	0.06%
	HAL	C	0.05%	0.03%	0.03%
	HBAN	A	0.05%	0.03%	0.03%
	HCA	F	0.13%	0.07%	0.07%
	HD	A	0.81%	0.43%	0.43%
	HES	B	0.08%	0.04%	0.04%
	HIG	B	0.07%	0.04%	0.04%
	HLT	A	0.12%	0.07%	0.07%
	HOLX	D	0.04%	0.02%	0.02%
	HON	B	0.28%	0.16%	0.16%
	HPE	B	0.05%	0.03%	0.03%
	HPQ	B	0.07%	0.04%	0.04%
	HRL	D	0.02%	0.01%	0.01%
	HSY	F	0.05%	0.03%	0.03%
	HUBB	B	0.02%	0.03%	0.02%
	HUM	C	0.06%	0.04%	0.04%
	HWM	A	0.08%	0.05%	0.05%
	IBM	C	0.4%	0.21%	0.21%
	ICE	C	0.19%	0.1%	0.1%
	IDXX	F	0.07%	0.04%	0.04%
	IFF	D	0.05%	0.02%	0.02%
	INCY	C	0.01%	0.01%	0.01%
	INTC	D	0.17%	0.12%	0.12%
	INTU	C	0.34%	0.21%	0.21%
	INVH	D	0.04%	0.02%	0.02%
	IP	B	0.04%	0.02%	0.02%
	IQV	D	0.07%	0.04%	0.04%
	IR	B	0.08%	0.04%	0.04%
	IRM	D	0.08%	0.04%	0.04%
	ISRG	A	0.37%	0.21%	0.21%
	IT	C	0.08%	0.04%	0.04%
	ITW	B	0.15%	0.08%	0.08%
	J	F	0.04%	0.02%	0.02%
	JBHT	C	0.03%	0.02%	0.02%
	JCI	C	0.1%	0.06%	0.06%
	JNJ	D	0.8%	0.39%	0.39%
	JPM	A	1.31%	0.74%	0.74%
	K	A	0.05%	0.02%	0.02%
	KDP	D	0.07%	0.04%	0.04%
	KEY	B	0.03%	0.02%	0.02%
	KEYS	A	0.05%	0.03%	0.03%
	KHC	F	0.05%	0.03%	0.03%
	KKR	A	0.19%	0.11%	0.11%
	KLAC	D	0.19%	0.09%	0.09%
	KMB	D	0.09%	0.05%	0.05%
	KMI	A	0.1%	0.06%	0.06%
	KO	D	0.53%	0.26%	0.26%
	KR	B	0.08%	0.04%	0.04%
	KVUE	A	0.09%	0.05%	0.05%
	L	A	0.03%	0.02%	0.02%
	LDOS	C	0.03%	0.02%	0.02%
	LEN	D	0.09%	0.04%	0.04%
	LEN	D	0.0%	0.04%	0.0%
	LH	C	0.04%	0.02%	0.02%
	LHX	C	0.1%	0.05%	0.05%
	LIN	D	0.45%	0.23%	0.23%
	LLY	F	1.47%	0.67%	0.67%
	LMT	D	0.27%	0.12%	0.12%
	LNT	A	0.03%	0.02%	0.02%
	LOW	D	0.31%	0.17%	0.17%
	LRCX	F	0.2%	0.11%	0.11%
	LULU	C	0.07%	0.04%	0.04%
	LUV	C	0.04%	0.02%	0.02%
	LVS	C	0.04%	0.02%	0.02%
	LYB	F	0.05%	0.02%	0.02%
	LYV	A	0.04%	0.02%	0.02%
	MA	C	0.86%	0.46%	0.46%
	MAA	B	0.04%	0.02%	0.02%
	MAR	B	0.12%	0.07%	0.07%
	MAS	D	0.04%	0.02%	0.02%
	MCD	D	0.44%	0.23%	0.23%
	MCHP	D	0.08%	0.04%	0.04%
	MCK	B	0.13%	0.09%	0.09%
	MCO	B	0.15%	0.08%	0.08%
	MDLZ	F	0.19%	0.09%	0.09%
	MDT	D	0.24%	0.12%	0.12%
	MET	A	0.1%	0.05%	0.05%
	META	D	2.58%	1.36%	1.36%
	MGM	D	0.01%	0.01%	0.01%
	MKC	D	0.04%	0.02%	0.02%
	MLM	B	0.08%	0.04%	0.04%
	MMC	B	0.22%	0.12%	0.12%
	MMM	D	0.15%	0.08%	0.08%
	MNST	C	0.08%	0.04%	0.04%
	MO	A	0.19%	0.1%	0.1%
	MOH	F	0.04%	0.02%	0.02%
	MPC	D	0.1%	0.06%	0.06%
	MPWR	F	0.07%	0.03%	0.03%
	MRK	F	0.54%	0.27%	0.27%
	MRNA	F	0.04%	0.01%	0.01%
	MRO	B	0.03%	0.02%	0.02%
	MS	A	0.29%	0.18%	0.18%
	MSCI	C	0.09%	0.05%	0.05%
	MSFT	F	6.27%	3.42%	3.42%
	MSI	B	0.16%	0.09%	0.09%
	MTB	A	0.07%	0.04%	0.04%
	MTD	D	0.06%	0.03%	0.03%
	MU	D	0.23%	0.12%	0.12%
	NDAQ	A	0.07%	0.03%	0.03%
	NEE	D	0.34%	0.17%	0.17%
	NEM	D	0.11%	0.05%	0.05%
	NFLX	A	0.67%	0.39%	0.39%
	NI	A	0.02%	0.02%	0.02%
	NKE	D	0.19%	0.1%	0.1%
	NOC	D	0.15%	0.07%	0.07%
	NOW	A	0.4%	0.23%	0.23%
	NSC	B	0.12%	0.06%	0.06%
	NTAP	C	0.05%	0.03%	0.03%
	NTRS	A	0.04%	0.02%	0.02%
	NUE	C	0.07%	0.04%	0.04%
	NVDA	C	6.45%	3.89%	3.89%
	NVR	D	0.06%	0.03%	0.03%
	NWS	B	0.01%	0.0%	0.0%
	NWSA	B	0.02%	0.01%	0.01%
	O	D	0.11%	0.05%	0.05%
	ODFL	B	0.08%	0.05%	0.05%
	OKE	A	0.12%	0.07%	0.07%
	OMC	C	0.04%	0.02%	0.02%
	ON	D	0.06%	0.03%	0.03%
	ORCL	B	0.58%	0.32%	0.32%
	ORLY	B	0.14%	0.08%	0.08%
	OTIS	C	0.08%	0.04%	0.04%
	OXY	D	0.07%	0.04%	0.04%
	PANW	C	0.24%	0.14%	0.14%
	PAYX	C	0.09%	0.05%	0.05%
	PCAR	B	0.11%	0.07%	0.07%
	PCG	A	0.09%	0.05%	0.05%
	PEG	A	0.09%	0.05%	0.05%
	PEP	F	0.47%	0.24%	0.24%
	PFE	D	0.33%	0.16%	0.16%
	PFG	D	0.04%	0.02%	0.02%
	PG	A	0.81%	0.42%	0.42%
	PGR	A	0.3%	0.16%	0.16%
	PH	A	0.17%	0.1%	0.1%
	PHM	D	0.06%	0.03%	0.03%
	PKG	A	0.04%	0.02%	0.02%
	PLD	D	0.22%	0.11%	0.11%
	PLTR	B	0.18%	0.13%	0.13%
	PM	B	0.43%	0.21%	0.21%
	PNC	B	0.16%	0.09%	0.09%
	PODD	C	0.02%	0.02%	0.02%
	POOL	C	0.01%	0.01%	0.01%
	PPG	F	0.06%	0.03%	0.03%
	PPL	B	0.05%	0.03%	0.03%
	PRU	A	0.09%	0.05%	0.05%
	PSA	D	0.11%	0.06%	0.06%
	PSX	C	0.11%	0.06%	0.06%
	PWR	A	0.09%	0.05%	0.05%
	PYPL	B	0.17%	0.09%	0.09%
	QCOM	F	0.38%	0.2%	0.2%
	RCL	A	0.09%	0.06%	0.06%
	REGN	F	0.19%	0.09%	0.09%
	RF	A	0.05%	0.03%	0.03%
	RJF	A	0.06%	0.03%	0.03%
	RMD	C	0.07%	0.04%	0.04%
	ROK	B	0.06%	0.04%	0.04%
	ROL	B	0.03%	0.02%	0.02%
	ROP	B	0.12%	0.07%	0.07%
	ROST	C	0.1%	0.05%	0.05%
	RSG	A	0.08%	0.05%	0.05%
	RTX	C	0.33%	0.17%	0.17%
	RVTY	F	0.03%	0.02%	0.02%
	SBAC	D	0.05%	0.03%	0.03%
	SBUX	A	0.23%	0.12%	0.12%
	SCHW	B	0.22%	0.13%	0.13%
	SHW	A	0.17%	0.1%	0.1%
	SLB	C	0.12%	0.07%	0.07%
	SMCI	F	0.03%	0.01%	0.01%
	SNA	A	0.04%	0.02%	0.02%
	SNPS	B	0.16%	0.09%	0.09%
	SO	D	0.21%	0.1%	0.1%
	SPG	B	0.11%	0.06%	0.06%
	SPGI	C	0.32%	0.18%	0.18%
	SRE	A	0.11%	0.06%	0.06%
	STE	F	0.05%	0.02%	0.02%
	STLD	B	0.02%	0.02%	0.02%
	STT	A	0.05%	0.03%	0.03%
	STX	D	0.04%	0.02%	0.02%
	STZ	D	0.08%	0.04%	0.04%
	SWK	D	0.03%	0.01%	0.01%
	SWKS	F	0.03%	0.01%	0.01%
	SYF	B	0.05%	0.03%	0.03%
	SYK	C	0.25%	0.14%	0.14%
	SYY	B	0.08%	0.04%	0.04%
	T	A	0.34%	0.17%	0.17%
	TDG	D	0.14%	0.08%	0.08%
	TDY	B	0.04%	0.02%	0.02%
	TER	D	0.04%	0.02%	0.02%
	TFC	A	0.12%	0.07%	0.07%
	TGT	F	0.14%	0.08%	0.08%
	TJX	A	0.27%	0.15%	0.15%
	TMO	F	0.43%	0.22%	0.22%
	TMUS	B	0.22%	0.13%	0.13%
	TRGP	B	0.04%	0.05%	0.04%
	TRMB	B	0.03%	0.02%	0.02%
	TROW	B	0.05%	0.03%	0.03%
	TRV	B	0.12%	0.06%	0.06%
	TSCO	D	0.06%	0.03%	0.03%
	TSLA	B	1.41%	0.93%	0.93%
	TSN	B	0.03%	0.02%	0.02%
	TT	A	0.17%	0.1%	0.1%
	TTWO	A	0.06%	0.03%	0.03%
	TXN	C	0.39%	0.2%	0.2%
	TXT	D	0.03%	0.02%	0.02%
	TYL	B	0.05%	0.03%	0.03%
	UAL	A	0.05%	0.03%	0.03%
	UBER	D	0.3%	0.16%	0.16%
	UDR	B	0.01%	0.01%	0.01%
	ULTA	F	0.04%	0.02%	0.02%
	UNH	C	1.08%	0.59%	0.59%
	UNP	C	0.29%	0.15%	0.15%
	UPS	C	0.2%	0.1%	0.1%
	URI	B	0.11%	0.06%	0.06%
	USB	A	0.16%	0.08%	0.08%
	V	A	0.93%	0.56%	0.56%
	VICI	C	0.07%	0.04%	0.04%
	VLO	C	0.08%	0.05%	0.05%
	VLTO	D	0.05%	0.03%	0.03%
	VMC	B	0.08%	0.04%	0.04%
	VRSK	A	0.08%	0.04%	0.04%
	VRSN	F	0.03%	0.02%	0.02%
	VRTX	F	0.26%	0.13%	0.13%
	VST	B	0.09%	0.05%	0.05%
	VTR	C	0.06%	0.03%	0.03%
	VTRS	A	0.03%	0.02%	0.02%
	VZ	C	0.33%	0.19%	0.19%
	WAB	B	0.07%	0.04%	0.04%
	WAT	B	0.04%	0.02%	0.02%
	WBA	F	0.01%	0.01%	0.01%
	WBD	C	0.04%	0.02%	0.02%
	WDC	D	0.05%	0.02%	0.02%
	WEC	A	0.06%	0.03%	0.03%
	WELL	A	0.17%	0.08%	0.08%
	WFC	A	0.46%	0.27%	0.27%
	WM	A	0.18%	0.09%	0.09%
	WMB	A	0.13%	0.07%	0.07%
	WMT	A	0.75%	0.4%	0.4%
	WRB	A	0.03%	0.02%	0.02%
	WST	C	0.05%	0.03%	0.03%
	WTW	B	0.06%	0.03%	0.03%
	WY	D	0.05%	0.02%	0.02%
	XEL	A	0.08%	0.04%	0.04%
	XOM	B	1.08%	0.58%	0.58%
	XYL	D	0.06%	0.03%	0.03%
	YUM	B	0.08%	0.04%	0.04%
	ZBH	C	0.05%	0.02%	0.02%
	ZBRA	B	0.04%	0.02%	0.02%
	ZTS	D	0.15%	0.09%	0.09%

VV Overweight 51 Positions Relative to PHDG

	Symbol	Grade	Weight
	MRVL	B	0.14%
	APO	B	0.12%
	DASH	A	0.11%
	TTD	B	0.11%
	WDAY	B	0.1%
	LNG	B	0.09%
	WCN	A	0.09%
	DDOG	A	0.08%
	VRT	B	0.08%
	SQ	B	0.08%
	ALNY	D	0.07%
	COIN	C	0.07%
	SNOW	C	0.07%
	HUBS	A	0.06%
	RBLX	C	0.06%
	ARES	A	0.06%
	TEAM	A	0.06%
	VEEV	C	0.06%
	ILMN	D	0.05%
	NET	B	0.05%
	ZM	B	0.04%
	MDB	C	0.04%
	APP	B	0.04%
	MKL	A	0.04%
	PINS	D	0.04%
	TRU	D	0.04%
	LPLA	A	0.04%
	MSTR	C	0.04%
	WPC	D	0.03%
	BMRN	D	0.03%
	SNAP	C	0.03%
	AVTR	F	0.03%
	HEI	B	0.03%
	CVNA	B	0.03%
	SSNC	B	0.03%
	TW	A	0.03%
	FNF	B	0.03%
	IBKR	A	0.03%
	BURL	A	0.03%
	ZS	C	0.03%
	SUI	D	0.03%
	CRBG	B	0.02%
	BSY	D	0.02%
	HEI	B	0.02%
	RPRX	D	0.02%
	TPL	A	0.02%
	OKTA	C	0.02%
	WLK	D	0.01%
	AGR	B	0.01%
	WMG	C	0.01%
	RKT	F	0.0%

VV Underweight 67 Positions Relative to PHDG

	Symbol	Grade	Weight
	NXPI	D	-0.06%
	AXON	A	-0.05%
	SW	A	-0.03%
	DECK	A	-0.03%
	EPAM	C	-0.02%
	NDSN	B	-0.02%
	FFIV	B	-0.02%
	JBL	B	-0.02%
	AMCR	D	-0.02%
	KIM	A	-0.02%
	IEX	B	-0.02%
	PNR	A	-0.02%
	NRG	B	-0.02%
	BLDR	D	-0.02%
	ATO	A	-0.02%
	PTC	A	-0.02%
	QRVO	F	-0.01%
	PARA	C	-0.01%
	FMC	D	-0.01%
	DVA	B	-0.01%
	MHK	D	-0.01%
	HII	D	-0.01%
	BWA	D	-0.01%
	IVZ	B	-0.01%
	MTCH	D	-0.01%
	HAS	D	-0.01%
	APA	D	-0.01%
	MOS	F	-0.01%
	HSIC	B	-0.01%
	CZR	F	-0.01%
	RL	B	-0.01%
	FRT	B	-0.01%
	WYNN	D	-0.01%
	AOS	F	-0.01%
	TFX	F	-0.01%
	SOLV	C	-0.01%
	GL	B	-0.01%
	AES	F	-0.01%
	MKTX	D	-0.01%
	CRL	C	-0.01%
	ERIE	D	-0.01%
	LKQ	D	-0.01%
	PNW	B	-0.01%
	CTLT	B	-0.01%
	IPG	D	-0.01%
	PAYC	B	-0.01%
	TAP	C	-0.01%
	AIZ	A	-0.01%
	GNRC	B	-0.01%
	TECH	D	-0.01%
	LW	C	-0.01%
	BXP	D	-0.01%
	NCLH	B	-0.01%
	SJM	D	-0.01%
	EMN	D	-0.01%
	UHS	D	-0.01%
	REG	B	-0.01%
	DAY	B	-0.01%
	KMX	B	-0.01%
	HST	C	-0.01%
	ALLE	D	-0.01%
	BG	F	-0.01%
	JKHY	D	-0.01%
	JNPR	F	-0.01%
	CPT	B	-0.01%
	CHRW	C	-0.01%
	TPR	B	-0.01%

VV: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Business Services Diversified Industrials Asset Management Diagnostics & Research Semiconductors Capital Markets Banks - Regional - US Drug Manufacturers - Major Oil & Gas E&P Specialty Chemicals Specialty Retail Aerospace & Defense Insurance - Property & Casualty Medical Devices Software - Infrastructure Biotechnology Credit Services Health Care Plans

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Dow Jones Component Electricity Electronics Medicine Bank Chemical Telecommunications Aerospace Banking Semiconductor Cloud Computing Insurance Products Real Estate Investment Trust Mobile Devices Work From Home

PHDG: 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 Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank