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

$262.11

Average Daily Volume

215,529

Number of Holdings ^*

486

* 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

$38.07

Average Daily Volume

14,069

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	VV	PHDG
30 Days	2.69%	1.47%
60 Days	5.16%	3.51%
90 Days	5.32%	2.41%
12 Months	35.44%	24.93%

432 Overlapping Holdings

Symbol	Grade	Weight in VV	Weight in PHDG	Overlap
A	C	0.09%	0.05%	0.05%
AAPL	C	7.0%	3.77%	3.77%
ABBV	B	0.73%	0.39%	0.39%
ABNB	D	0.1%	0.06%	0.06%
ABT	C	0.41%	0.23%	0.23%
ACGL	B	0.08%	0.05%	0.05%
ACN	C	0.45%	0.24%	0.24%
ADBE	F	0.54%	0.27%	0.27%
ADI	C	0.24%	0.13%	0.13%
ADM	D	0.06%	0.04%	0.04%
ADP	C	0.24%	0.13%	0.13%
ADSK	B	0.12%	0.07%	0.07%
AEE	B	0.05%	0.03%	0.03%
AEP	C	0.11%	0.06%	0.06%
AES	C	0.01%	0.02%	0.01%
AFL	A	0.13%	0.06%	0.06%
AIG	D	0.11%	0.06%	0.06%
AJG	D	0.13%	0.07%	0.07%
AKAM	D	0.03%	0.02%	0.02%
ALB	D	0.02%	0.01%	0.01%
ALGN	D	0.04%	0.02%	0.02%
ALL	C	0.1%	0.06%	0.06%
AMAT	D	0.34%	0.19%	0.19%
AMD	C	0.5%	0.29%	0.29%
AME	C	0.08%	0.05%	0.05%
AMGN	D	0.38%	0.21%	0.21%
AMP	B	0.09%	0.05%	0.05%
AMT	C	0.22%	0.12%	0.12%
AMZN	C	3.51%	1.99%	1.99%
ANET	C	0.19%	0.11%	0.11%
ANSS	D	0.06%	0.03%	0.03%
AON	B	0.15%	0.09%	0.09%
APD	B	0.13%	0.07%	0.07%
APH	C	0.17%	0.09%	0.09%
APTV	D	0.04%	0.02%	0.02%
ARE	C	0.04%	0.02%	0.02%
AVB	C	0.07%	0.04%	0.04%
AVGO	C	1.58%	0.83%	0.83%
AVY	C	0.04%	0.02%	0.02%
AWK	C	0.06%	0.03%	0.03%
AXP	B	0.27%	0.17%	0.17%
AZO	B	0.12%	0.06%	0.06%
BA	F	0.22%	0.1%	0.1%
BAC	D	0.57%	0.32%	0.32%
BALL	C	0.04%	0.02%	0.02%
BAX	C	0.04%	0.02%	0.02%
BBY	A	0.04%	0.02%	0.02%
BDX	D	0.15%	0.08%	0.08%
BEN	F	0.01%	0.01%	0.01%
BIIB	F	0.06%	0.03%	0.03%
BK	B	0.11%	0.06%	0.06%
BKNG	B	0.28%	0.16%	0.16%
BKR	C	0.07%	0.04%	0.04%
BLK	B	0.27%	0.15%	0.15%
BMY	C	0.21%	0.11%	0.11%
BR	C	0.05%	0.03%	0.03%
BRK.A	C	1.74%	0.95%	0.95%
BRK.A	C	0.07%	0.95%	0.07%
BRO	C	0.03%	0.03%	0.03%
BSX	B	0.25%	0.14%	0.14%
BX	C	0.21%	0.13%	0.13%
C	C	0.24%	0.14%	0.14%
CAG	B	0.03%	0.02%	0.02%
CAH	C	0.06%	0.03%	0.03%
CARR	B	0.13%	0.08%	0.08%
CAT	B	0.37%	0.21%	0.21%
CB	B	0.24%	0.13%	0.13%
CBOE	C	0.05%	0.02%	0.02%
CBRE	B	0.07%	0.04%	0.04%
CCI	C	0.1%	0.06%	0.06%
CCL	C	0.03%	0.02%	0.02%
CDNS	D	0.15%	0.09%	0.09%
CDW	D	0.06%	0.04%	0.04%
CE	D	0.03%	0.01%	0.01%
CEG	C	0.13%	0.08%	0.08%
CF	B	0.03%	0.02%	0.02%
CFG	D	0.04%	0.02%	0.02%
CHD	C	0.05%	0.03%	0.03%
CHTR	D	0.07%	0.04%	0.04%
CI	C	0.22%	0.12%	0.12%
CINF	C	0.05%	0.02%	0.02%
CL	C	0.18%	0.1%	0.1%
CLX	C	0.04%	0.02%	0.02%
CMCSA	C	0.32%	0.18%	0.18%
CMG	D	0.16%	0.09%	0.09%
CMI	B	0.09%	0.05%	0.05%
CMS	B	0.04%	0.02%	0.02%
CNC	D	0.09%	0.05%	0.05%
CNP	C	0.04%	0.02%	0.02%
COF	B	0.11%	0.07%	0.07%
COP	F	0.28%	0.15%	0.15%
COST	C	0.83%	0.46%	0.46%
CPAY	B	0.04%	0.03%	0.03%
CPB	C	0.02%	0.01%	0.01%
CPRT	D	0.1%	0.05%	0.05%
CRM	C	0.49%	0.3%	0.3%
CRWD	D	0.13%	0.07%	0.07%
CSCO	B	0.39%	0.24%	0.24%
CSGP	D	0.07%	0.04%	0.04%
CSX	C	0.14%	0.08%	0.08%
CTAS	C	0.15%	0.08%	0.08%
CTRA	F	0.04%	0.02%	0.02%
CTSH	B	0.08%	0.04%	0.04%
CTVA	B	0.08%	0.05%	0.05%
CVS	D	0.15%	0.08%	0.08%
CVX	F	0.54%	0.28%	0.28%
D	C	0.1%	0.06%	0.06%
DAL	C	0.06%	0.03%	0.03%
DD	B	0.07%	0.04%	0.04%
DE	A	0.21%	0.12%	0.12%
DFS	C	0.07%	0.04%	0.04%
DG	F	0.04%	0.02%	0.02%
DGX	B	0.04%	0.02%	0.02%
DHI	C	0.12%	0.07%	0.07%
DHR	B	0.38%	0.21%	0.21%
DIS	D	0.35%	0.19%	0.19%
DLR	B	0.1%	0.06%	0.06%
DLTR	F	0.04%	0.02%	0.02%
DOC	B	0.02%	0.02%	0.02%
DOV	B	0.05%	0.03%	0.03%
DOW	C	0.08%	0.04%	0.04%
DPZ	D	0.03%	0.02%	0.02%
DRI	C	0.04%	0.02%	0.02%
DTE	A	0.05%	0.03%	0.03%
DUK	B	0.18%	0.1%	0.1%
DVN	F	0.06%	0.03%	0.03%
DXCM	F	0.06%	0.03%	0.03%
EA	D	0.08%	0.04%	0.04%
EBAY	B	0.06%	0.04%	0.04%
ECL	B	0.14%	0.07%	0.07%
ED	B	0.07%	0.04%	0.04%
EFX	C	0.08%	0.04%	0.04%
EG	B	0.04%	0.02%	0.02%
EIX	B	0.07%	0.04%	0.04%
EL	D	0.04%	0.02%	0.02%
ELV	D	0.27%	0.14%	0.14%
EMR	D	0.13%	0.07%	0.07%
ENPH	D	0.03%	0.02%	0.02%
EOG	D	0.16%	0.08%	0.08%
EPAM	F	0.01%	0.01%	0.01%
EQIX	B	0.17%	0.09%	0.09%
EQR	C	0.06%	0.03%	0.03%
EQT	C	0.02%	0.02%	0.02%
ES	B	0.05%	0.03%	0.03%
ESS	C	0.04%	0.02%	0.02%
ETN	C	0.26%	0.15%	0.15%
ETR	A	0.05%	0.03%	0.03%
EVRG	B	0.01%	0.02%	0.01%
EW	F	0.09%	0.05%	0.05%
EXC	B	0.08%	0.04%	0.04%
EXPD	B	0.04%	0.02%	0.02%
EXPE	C	0.04%	0.02%	0.02%
EXR	C	0.08%	0.04%	0.04%
F	F	0.09%	0.05%	0.05%
FANG	F	0.07%	0.04%	0.04%
FAST	C	0.08%	0.05%	0.05%
FCX	C	0.13%	0.07%	0.07%
FDS	C	0.03%	0.02%	0.02%
FDX	D	0.14%	0.08%	0.08%
FE	B	0.05%	0.03%	0.03%
FICO	B	0.09%	0.05%	0.05%
FIS	C	0.1%	0.05%	0.05%
FITB	B	0.06%	0.03%	0.03%
FOX	B	0.01%	0.01%	0.01%
FOXA	B	0.02%	0.01%	0.01%
FSLR	C	0.05%	0.03%	0.03%
FTNT	B	0.1%	0.05%	0.05%
FTV	C	0.05%	0.03%	0.03%
GD	C	0.16%	0.08%	0.08%
GDDY	C	0.05%	0.03%	0.03%
GE	C	0.38%	0.23%	0.23%
GEHC	B	0.08%	0.04%	0.04%
GEV	B	0.12%	0.08%	0.08%
GILD	B	0.21%	0.12%	0.12%
GIS	B	0.09%	0.05%	0.05%
GLW	B	0.07%	0.04%	0.04%
GM	C	0.12%	0.06%	0.06%
GOOG	D	1.65%	0.91%	0.91%
GOOGL	D	2.01%	1.09%	1.09%
GPC	D	0.04%	0.02%	0.02%
GPN	D	0.06%	0.03%	0.03%
GRMN	D	0.06%	0.03%	0.03%
GS	B	0.35%	0.19%	0.19%
GWW	B	0.09%	0.05%	0.05%
HAL	F	0.05%	0.03%	0.03%
HBAN	B	0.05%	0.02%	0.02%
HCA	B	0.16%	0.09%	0.09%
HD	B	0.77%	0.44%	0.44%
HES	F	0.08%	0.04%	0.04%
HIG	B	0.07%	0.04%	0.04%
HLT	B	0.12%	0.06%	0.06%
HOLX	D	0.04%	0.02%	0.02%
HON	C	0.28%	0.15%	0.15%
HPE	C	0.05%	0.03%	0.03%
HPQ	C	0.07%	0.03%	0.03%
HRL	F	0.02%	0.01%	0.01%
HST	D	0.01%	0.01%	0.01%
HSY	D	0.06%	0.03%	0.03%
HUBB	B	0.02%	0.03%	0.02%
HUM	F	0.09%	0.04%	0.04%
HWM	B	0.08%	0.04%	0.04%
IBM	B	0.39%	0.22%	0.22%
ICE	C	0.19%	0.1%	0.1%
IDXX	D	0.08%	0.05%	0.05%
IFF	A	0.06%	0.03%	0.03%
INCY	C	0.02%	0.01%	0.01%
INTC	D	0.2%	0.1%	0.1%
INTU	D	0.35%	0.21%	0.21%
INVH	D	0.05%	0.02%	0.02%
IP	C	0.04%	0.02%	0.02%
IQV	D	0.09%	0.05%	0.05%
IR	B	0.08%	0.04%	0.04%
IRM	C	0.07%	0.04%	0.04%
ISRG	C	0.37%	0.2%	0.2%
IT	C	0.08%	0.05%	0.05%
ITW	B	0.15%	0.08%	0.08%
J	A	0.04%	0.02%	0.02%
JBHT	D	0.03%	0.02%	0.02%
JCI	B	0.1%	0.06%	0.06%
JNJ	C	0.84%	0.45%	0.45%
JPM	D	1.35%	0.69%	0.69%
K	A	0.05%	0.02%	0.02%
KDP	B	0.08%	0.04%	0.04%
KEY	C	0.03%	0.02%	0.02%
KEYS	B	0.06%	0.03%	0.03%
KHC	C	0.06%	0.03%	0.03%
KKR	B	0.17%	0.1%	0.1%
KLAC	D	0.23%	0.12%	0.12%
KMB	C	0.1%	0.05%	0.05%
KMI	C	0.09%	0.05%	0.05%
KO	B	0.59%	0.31%	0.31%
KR	B	0.07%	0.04%	0.04%
KVUE	B	0.09%	0.05%	0.05%
L	D	0.03%	0.02%	0.02%
LDOS	A	0.02%	0.02%	0.02%
LEN	B	0.09%	0.05%	0.05%
LEN	B	0.0%	0.05%	0.0%
LHX	C	0.09%	0.05%	0.05%
LIN	B	0.48%	0.26%	0.26%
LKQ	F	0.01%	0.01%	0.01%
LLY	D	1.72%	0.83%	0.83%
LMT	A	0.29%	0.14%	0.14%
LNT	A	0.03%	0.02%	0.02%
LOW	B	0.3%	0.17%	0.17%
LRCX	D	0.23%	0.12%	0.12%
LULU	D	0.06%	0.04%	0.04%
LUV	C	0.04%	0.02%	0.02%
LVS	C	0.03%	0.02%	0.02%
LW	D	0.01%	0.01%	0.01%
LYB	D	0.05%	0.03%	0.03%
LYV	A	0.03%	0.02%	0.02%
MA	B	0.84%	0.46%	0.46%
MAA	C	0.04%	0.02%	0.02%
MAR	B	0.11%	0.07%	0.07%
MAS	B	0.04%	0.02%	0.02%
MCD	B	0.44%	0.24%	0.24%
MCHP	D	0.09%	0.05%	0.05%
MCK	F	0.15%	0.08%	0.08%
MCO	C	0.16%	0.09%	0.09%
MDLZ	C	0.2%	0.11%	0.11%
MDT	B	0.25%	0.14%	0.14%
MET	B	0.1%	0.06%	0.06%
META	B	2.4%	1.4%	1.4%
MGM	D	0.02%	0.01%	0.01%
MKC	C	0.04%	0.02%	0.02%
MLM	D	0.07%	0.04%	0.04%
MMC	C	0.24%	0.13%	0.13%
MMM	B	0.16%	0.08%	0.08%
MNST	D	0.07%	0.04%	0.04%
MO	C	0.19%	0.1%	0.1%
MOH	D	0.04%	0.02%	0.02%
MPC	F	0.13%	0.07%	0.07%
MPWR	B	0.09%	0.05%	0.05%
MRK	F	0.63%	0.34%	0.34%
MRNA	F	0.06%	0.03%	0.03%
MRO	D	0.03%	0.02%	0.02%
MS	B	0.27%	0.14%	0.14%
MSCI	C	0.09%	0.05%	0.05%
MSFT	C	6.51%	3.72%	3.72%
MSI	B	0.15%	0.08%	0.08%
MTB	C	0.06%	0.03%	0.03%
MTD	C	0.06%	0.04%	0.04%
MU	D	0.22%	0.11%	0.11%
NDAQ	C	0.07%	0.04%	0.04%
NEE	B	0.35%	0.19%	0.19%
NEM	C	0.13%	0.07%	0.07%
NFLX	B	0.63%	0.35%	0.35%
NI	B	0.02%	0.02%	0.02%
NKE	D	0.21%	0.11%	0.11%
NOC	B	0.15%	0.08%	0.08%
NOW	C	0.37%	0.22%	0.22%
NSC	C	0.12%	0.06%	0.06%
NTAP	D	0.05%	0.03%	0.03%
NTRS	C	0.04%	0.02%	0.02%
NUE	D	0.08%	0.04%	0.04%
NVDA	C	5.86%	3.31%	3.31%
NVR	B	0.06%	0.03%	0.03%
NWS	D	0.01%	0.0%	0.0%
NWSA	D	0.02%	0.01%	0.01%
O	B	0.11%	0.06%	0.06%
ODFL	D	0.08%	0.04%	0.04%
OKE	C	0.11%	0.06%	0.06%
OMC	B	0.04%	0.02%	0.02%
ON	D	0.07%	0.04%	0.04%
ORCL	B	0.49%	0.31%	0.31%
ORLY	B	0.14%	0.08%	0.08%
OTIS	B	0.08%	0.04%	0.04%
OXY	F	0.08%	0.04%	0.04%
PANW	D	0.25%	0.12%	0.12%
PAYX	C	0.09%	0.05%	0.05%
PCAR	D	0.11%	0.06%	0.06%
PCG	C	0.11%	0.05%	0.05%
PEG	B	0.08%	0.05%	0.05%
PEP	D	0.5%	0.27%	0.27%
PFE	D	0.35%	0.19%	0.19%
PFG	B	0.04%	0.02%	0.02%
PG	C	0.85%	0.46%	0.46%
PGR	C	0.31%	0.17%	0.17%
PH	B	0.16%	0.09%	0.09%
PHM	B	0.06%	0.03%	0.03%
PKG	B	0.04%	0.02%	0.02%
PLD	C	0.25%	0.14%	0.14%
PM	C	0.4%	0.21%	0.21%
PNC	C	0.15%	0.09%	0.09%
PODD	C	0.01%	0.02%	0.01%
POOL	C	0.01%	0.02%	0.01%
PPG	C	0.06%	0.03%	0.03%
PPL	A	0.05%	0.03%	0.03%
PRU	C	0.09%	0.05%	0.05%
PSA	C	0.11%	0.06%	0.06%
PSX	F	0.12%	0.06%	0.06%
PWR	B	0.08%	0.05%	0.05%
PYPL	B	0.16%	0.09%	0.09%
QCOM	D	0.41%	0.22%	0.22%
RCL	B	0.08%	0.05%	0.05%
REGN	D	0.26%	0.14%	0.14%
RF	B	0.05%	0.02%	0.02%
RJF	C	0.05%	0.03%	0.03%
RMD	C	0.08%	0.04%	0.04%
ROK	D	0.07%	0.03%	0.03%
ROL	C	0.03%	0.02%	0.02%
ROP	C	0.12%	0.07%	0.07%
ROST	C	0.11%	0.06%	0.06%
RSG	D	0.09%	0.05%	0.05%
RTX	B	0.34%	0.18%	0.18%
SBAC	C	0.05%	0.03%	0.03%
SBUX	C	0.22%	0.13%	0.13%
SCHW	D	0.21%	0.11%	0.11%
SHW	B	0.18%	0.1%	0.1%
SJM	C	0.01%	0.01%	0.01%
SLB	F	0.13%	0.07%	0.07%
SMCI	F	0.05%	0.03%	0.03%
SNA	B	0.03%	0.02%	0.02%
SNPS	F	0.17%	0.09%	0.09%
SO	B	0.2%	0.11%	0.11%
SPG	B	0.11%	0.06%	0.06%
SPGI	C	0.34%	0.19%	0.19%
SRE	B	0.11%	0.06%	0.06%
STE	B	0.05%	0.03%	0.03%
STLD	C	0.02%	0.02%	0.02%
STT	B	0.05%	0.03%	0.03%
STX	B	0.04%	0.02%	0.02%
STZ	C	0.08%	0.05%	0.05%
SWK	B	0.03%	0.02%	0.02%
SWKS	F	0.04%	0.02%	0.02%
SYF	C	0.04%	0.02%	0.02%
SYK	C	0.26%	0.14%	0.14%
SYY	C	0.08%	0.04%	0.04%
T	B	0.3%	0.17%	0.17%
TDG	B	0.15%	0.09%	0.09%
TDY	B	0.04%	0.02%	0.02%
TEL	D	0.1%	0.05%	0.05%
TER	C	0.04%	0.02%	0.02%
TFC	D	0.12%	0.07%	0.07%
TGT	C	0.15%	0.08%	0.08%
TJX	C	0.28%	0.15%	0.15%
TMO	B	0.49%	0.27%	0.27%
TMUS	B	0.22%	0.12%	0.12%
TRMB	C	0.03%	0.02%	0.02%
TROW	C	0.05%	0.03%	0.03%
TRV	C	0.11%	0.06%	0.06%
TSCO	B	0.06%	0.03%	0.03%
TSLA	C	1.22%	0.77%	0.77%
TSN	D	0.04%	0.02%	0.02%
TT	B	0.17%	0.1%	0.1%
TTWO	D	0.06%	0.03%	0.03%
TXN	B	0.41%	0.22%	0.22%
TXT	D	0.04%	0.02%	0.02%
TYL	C	0.05%	0.03%	0.03%
UAL	B	0.03%	0.02%	0.02%
UBER	C	0.3%	0.18%	0.18%
UDR	C	0.02%	0.02%	0.02%
ULTA	D	0.04%	0.02%	0.02%
UNH	C	1.14%	0.61%	0.61%
UNP	D	0.33%	0.17%	0.17%
UPS	D	0.2%	0.11%	0.11%
URI	B	0.1%	0.06%	0.06%
USB	C	0.15%	0.08%	0.08%
V	C	0.84%	0.51%	0.51%
VICI	C	0.07%	0.04%	0.04%
VLO	F	0.1%	0.05%	0.05%
VLTO	B	0.06%	0.03%	0.03%
VMC	C	0.07%	0.04%	0.04%
VRSK	D	0.08%	0.04%	0.04%
VRSN	C	0.03%	0.02%	0.02%
VRTX	D	0.27%	0.14%	0.14%
VST	B	0.06%	0.03%	0.03%
VTR	C	0.05%	0.03%	0.03%
VTRS	D	0.03%	0.02%	0.02%
VZ	A	0.33%	0.21%	0.21%
WAB	B	0.06%	0.04%	0.04%
WAT	B	0.04%	0.02%	0.02%
WBA	F	0.01%	0.01%	0.01%
WBD	D	0.04%	0.02%	0.02%
WDC	C	0.04%	0.02%	0.02%
WEC	B	0.06%	0.03%	0.03%
WELL	C	0.15%	0.09%	0.09%
WFC	D	0.43%	0.22%	0.22%
WM	D	0.18%	0.09%	0.09%
WMB	C	0.12%	0.06%	0.06%
WMT	B	0.72%	0.38%	0.38%
WRB	D	0.04%	0.02%	0.02%
WST	D	0.05%	0.03%	0.03%
WTW	B	0.06%	0.03%	0.03%
WY	C	0.05%	0.03%	0.03%
XEL	B	0.07%	0.04%	0.04%
XOM	D	1.11%	0.59%	0.59%
XYL	C	0.07%	0.04%	0.04%
YUM	B	0.08%	0.04%	0.04%
ZBH	F	0.05%	0.03%	0.03%
ZBRA	B	0.04%	0.02%	0.02%
ZTS	B	0.16%	0.1%	0.1%

VV Overweight 54 Positions Relative to PHDG

Symbol	Grade	Weight
MRVL	D	0.14%
PLTR	C	0.13%
WDAY	D	0.12%
APO	B	0.1%
TTD	B	0.1%
WCN	D	0.1%
DASH	B	0.09%
SQ	D	0.08%
LNG	D	0.08%
VEEV	C	0.07%
DDOG	D	0.07%
ALNY	C	0.07%
SNOW	F	0.07%
COIN	F	0.07%
ARES	B	0.06%
VRT	C	0.06%
DELL	C	0.06%
RBLX	C	0.05%
NET	D	0.05%
HUBS	D	0.05%
TEAM	D	0.05%
LPLA	D	0.04%
SUI	C	0.04%
BURL	C	0.04%
BMRN	F	0.04%
AVTR	C	0.04%
ZS	F	0.04%
TRU	B	0.04%
PINS	D	0.04%
MKL	C	0.04%
MDB	D	0.04%
ILMN	D	0.04%
OKTA	F	0.03%
IBKR	B	0.03%
WPC	C	0.03%
TW	B	0.03%
HEI	C	0.03%
FNF	B	0.03%
SSNC	C	0.03%
ZM	C	0.03%
CRBG	C	0.02%
TPL	C	0.02%
BSY	C	0.02%
SNAP	D	0.02%
MSTR	C	0.02%
HEI	C	0.02%
RPRX	C	0.02%
RKT	C	0.01%
AGR	C	0.01%
WLK	C	0.01%
WMG	D	0.01%
SIRI	C	0.0%
LSXMK	D	0.0%
EDR	A	0.0%

VV Underweight 66 Positions Relative to PHDG

Symbol	Grade	Weight
CME	B	-0.09%
NXPI	D	-0.07%
TRGP	C	-0.04%
DECK	C	-0.03%
BLDR	C	-0.03%
SW	B	-0.03%
AXON	B	-0.03%
JBL	C	-0.02%
CPT	C	-0.02%
NDSN	C	-0.02%
UHS	C	-0.02%
BG	F	-0.02%
KIM	C	-0.02%
PNR	B	-0.02%
IEX	C	-0.02%
AMCR	B	-0.02%
NRG	B	-0.02%
ATO	B	-0.02%
PTC	C	-0.02%
PARA	D	-0.01%
ETSY	D	-0.01%
BBWI	D	-0.01%
BIO	C	-0.01%
RL	B	-0.01%
AAL	D	-0.01%
WYNN	C	-0.01%
BWA	C	-0.01%
IVZ	B	-0.01%
FMC	B	-0.01%
PAYC	D	-0.01%
MHK	B	-0.01%
DVA	B	-0.01%
FRT	C	-0.01%
MOS	F	-0.01%
NCLH	B	-0.01%
GNRC	D	-0.01%
CZR	C	-0.01%
GL	D	-0.01%
APA	F	-0.01%
HSIC	C	-0.01%
HAS	B	-0.01%
DAY	D	-0.01%
MTCH	C	-0.01%
TPR	A	-0.01%
MKTX	D	-0.01%
QRVO	F	-0.01%
SOLV	D	-0.01%
TAP	D	-0.01%
AIZ	B	-0.01%
PNW	C	-0.01%
AOS	B	-0.01%
HII	F	-0.01%
CRL	F	-0.01%
CTLT	B	-0.01%
TFX	B	-0.01%
REG	C	-0.01%
BXP	C	-0.01%
IPG	C	-0.01%
CHRW	B	-0.01%
KMX	D	-0.01%
ALLE	B	-0.01%
JNPR	A	-0.01%
TECH	C	-0.01%
FFIV	B	-0.01%
EMN	B	-0.01%
JKHY	B	-0.01%