BBUS vs. QWLD ETF Comparison

Comparison of JPMorgan BetaBuilders U.S. Equity ETF (BBUS) to SPDR MSCI World Quality Mix ETF (QWLD)

BBUS

JPMorgan BetaBuilders U.S. Equity ETF

BBUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Barclays Short-Term U.S. Aggregate Bond Index. The index measures the performance of U.S. dollar denominated investment grade taxable bonds with remaining effective maturities between one and five years. The fund will invest at least 80% of its assets (net assets, plus the amount of borrowing for investment purposes) in securities included in the underlying index.

Grade (RS Rating)

Last Trade

$107.85

Average Daily Volume

114,622

Number of Holdings ^*

544

* may have additional holdings in another (foreign) market

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$128.44

Average Daily Volume

3,453

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

Performance

Period	BBUS	QWLD
30 Days	3.35%	0.82%
60 Days	4.87%	0.23%
90 Days	6.62%	0.87%
12 Months	33.27%	22.65%

530 Overlapping Holdings

	Symbol	Grade	Weight in BBUS	Weight in QWLD	Overlap
	A	D	0.07%	0.06%	0.06%
	AAPL	C	6.36%	2.57%	2.57%
	ABBV	D	0.57%	0.34%	0.34%
	ABBV	D	0.57%	0.16%	0.16%
	ABNB	C	0.11%	0.01%	0.01%
	ABT	B	0.39%	0.09%	0.09%
	ACGL	D	0.07%	0.26%	0.07%
	ACI	C	0.01%	0.02%	0.01%
	ACN	C	0.43%	0.65%	0.43%
	ADBE	C	0.43%	0.42%	0.42%
	ADI	D	0.2%	0.04%	0.04%
	ADM	D	0.05%	0.05%	0.05%
	ADP	B	0.24%	0.26%	0.24%
	ADSK	A	0.13%	0.1%	0.1%
	AEE	A	0.05%	0.09%	0.05%
	AEP	D	0.1%	0.07%	0.07%
	AES	F	0.02%	0.01%	0.01%
	AFG	A	0.02%	0.02%	0.02%
	AFL	B	0.11%	0.12%	0.11%
	AIG	B	0.09%	0.07%	0.07%
	AJG	B	0.12%	0.19%	0.12%
	AKAM	D	0.03%	0.11%	0.03%
	ALB	C	0.02%	0.01%	0.01%
	ALGN	D	0.03%	0.0%	0.0%
	ALL	A	0.1%	0.08%	0.08%
	ALLE	D	0.02%	0.02%	0.02%
	AMAT	F	0.27%	0.29%	0.27%
	AMCR	D	0.03%	0.08%	0.03%
	AMD	F	0.43%	0.03%	0.03%
	AME	A	0.09%	0.01%	0.01%
	AMGN	D	0.3%	0.16%	0.16%
	AMP	A	0.11%	0.09%	0.09%
	AMT	D	0.18%	0.02%	0.02%
	AMZN	C	3.73%	0.37%	0.37%
	ANET	C	0.19%	0.19%	0.19%
	ANSS	B	0.06%	0.0%	0.0%
	AON	A	0.16%	0.17%	0.16%
	APA	D	0.02%	0.02%	0.02%
	APD	A	0.14%	0.03%	0.03%
	APH	A	0.16%	0.43%	0.16%
	APO	B	0.13%	0.02%	0.02%
	APTV	D	0.02%	0.01%	0.01%
	ARE	D	0.03%	0.01%	0.01%
	ARES	A	0.06%	0.0%	0.0%
	ATO	A	0.04%	0.01%	0.01%
	AVB	B	0.06%	0.01%	0.01%
	AVGO	D	1.44%	0.11%	0.11%
	AVTR	F	0.03%	0.01%	0.01%
	AVY	D	0.03%	0.03%	0.03%
	AWK	D	0.05%	0.01%	0.01%
	AXON	A	0.08%	0.0%	0.0%
	AXP	A	0.32%	0.06%	0.06%
	AZO	C	0.1%	0.28%	0.1%
	BA	F	0.21%	0.01%	0.01%
	BAC	A	0.6%	0.39%	0.39%
	BAH	F	0.04%	0.15%	0.04%
	BALL	D	0.04%	0.01%	0.01%
	BAX	D	0.03%	0.01%	0.01%
	BBY	D	0.03%	0.06%	0.03%
	BDX	F	0.13%	0.07%	0.07%
	BEN	C	0.01%	0.01%	0.01%
	BG	F	0.02%	0.03%	0.02%
	BIIB	F	0.04%	0.01%	0.01%
	BK	A	0.11%	0.05%	0.05%
	BKNG	A	0.32%	0.03%	0.03%
	BKR	B	0.09%	0.02%	0.02%
	BLDR	D	0.04%	0.05%	0.04%
	BLK	C	0.29%	0.25%	0.25%
	BMRN	D	0.02%	0.07%	0.02%
	BMY	B	0.23%	0.21%	0.21%
	BR	A	0.05%	0.04%	0.04%
	BRK.A	B	1.64%	0.73%	0.73%
	BRO	B	0.05%	0.14%	0.05%
	BSX	B	0.26%	0.02%	0.02%
	BSY	D	0.01%	0.01%	0.01%
	BURL	A	0.03%	0.01%	0.01%
	BX	A	0.26%	0.03%	0.03%
	BXP	D	0.02%	0.01%	0.01%
	C	A	0.25%	0.25%	0.25%
	CAG	D	0.03%	0.04%	0.03%
	CAH	B	0.06%	0.13%	0.06%
	CARR	D	0.12%	0.02%	0.02%
	CAT	B	0.36%	0.36%	0.36%
	CB	C	0.21%	0.4%	0.21%
	CBRE	B	0.08%	0.03%	0.03%
	CCI	D	0.09%	0.01%	0.01%
	CCK	C	0.02%	0.01%	0.01%
	CCL	B	0.05%	0.01%	0.01%
	CDNS	B	0.16%	0.13%	0.13%
	CDW	F	0.05%	0.07%	0.05%
	CE	F	0.02%	0.01%	0.01%
	CEG	D	0.14%	0.02%	0.02%
	CF	B	0.03%	0.13%	0.03%
	CFG	B	0.04%	0.04%	0.04%
	CG	A	0.02%	0.01%	0.01%
	CHD	B	0.05%	0.19%	0.05%
	CHTR	C	0.07%	0.05%	0.05%
	CI	F	0.17%	0.18%	0.17%
	CINF	A	0.05%	0.02%	0.02%
	CL	D	0.15%	0.2%	0.15%
	CLX	B	0.04%	0.01%	0.01%
	CMCSA	B	0.32%	0.17%	0.17%
	CME	A	0.16%	0.16%	0.16%
	CMG	B	0.16%	0.14%	0.14%
	CMI	A	0.1%	0.1%	0.1%
	CMS	C	0.04%	0.05%	0.04%
	CNC	D	0.06%	0.05%	0.05%
	CNH	C	0.02%	0.01%	0.01%
	CNP	B	0.04%	0.01%	0.01%
	COF	B	0.13%	0.1%	0.1%
	COIN	C	0.12%	0.01%	0.01%
	COP	C	0.26%	0.1%	0.1%
	COR	B	0.08%	0.41%	0.08%
	COST	B	0.8%	0.76%	0.76%
	CPAY	A	0.05%	0.01%	0.01%
	CPB	D	0.02%	0.09%	0.02%
	CPRT	A	0.09%	0.08%	0.08%
	CPT	B	0.02%	0.01%	0.01%
	CRBG	B	0.01%	0.01%	0.01%
	CRL	C	0.02%	0.0%	0.0%
	CRM	B	0.59%	0.06%	0.06%
	CRWD	B	0.16%	0.0%	0.0%
	CSCO	B	0.45%	1.03%	0.45%
	CSGP	D	0.06%	0.0%	0.0%
	CSX	B	0.13%	0.11%	0.11%
	CTAS	B	0.15%	0.14%	0.14%
	CTRA	B	0.04%	0.02%	0.02%
	CTSH	B	0.08%	0.2%	0.08%
	CTVA	C	0.08%	0.04%	0.04%
	CVS	D	0.14%	0.16%	0.14%
	CVX	A	0.53%	0.33%	0.33%
	D	C	0.09%	0.06%	0.06%
	DAL	C	0.08%	0.01%	0.01%
	DASH	A	0.1%	0.01%	0.01%
	DAY	B	0.02%	0.0%	0.0%
	DD	D	0.07%	0.02%	0.02%
	DDOG	A	0.08%	0.0%	0.0%
	DE	A	0.2%	0.06%	0.06%
	DECK	A	0.05%	0.05%	0.05%
	DELL	C	0.07%	0.01%	0.01%
	DFS	B	0.08%	0.04%	0.04%
	DG	F	0.03%	0.01%	0.01%
	DGX	A	0.03%	0.11%	0.03%
	DHI	D	0.09%	0.1%	0.09%
	DHR	F	0.29%	0.05%	0.05%
	DIS	B	0.4%	0.1%	0.1%
	DLR	B	0.12%	0.02%	0.02%
	DLTR	F	0.03%	0.01%	0.01%
	DOC	D	0.03%	0.01%	0.01%
	DOCU	A	0.03%	0.0%	0.0%
	DOV	A	0.05%	0.05%	0.05%
	DOW	F	0.06%	0.03%	0.03%
	DPZ	C	0.03%	0.06%	0.03%
	DRI	B	0.04%	0.03%	0.03%
	DT	C	0.03%	0.0%	0.0%
	DTE	C	0.05%	0.02%	0.02%
	DUK	C	0.17%	0.36%	0.17%
	DVN	F	0.05%	0.03%	0.03%
	DXCM	D	0.06%	0.0%	0.0%
	EA	A	0.08%	0.2%	0.08%
	EBAY	D	0.06%	0.01%	0.01%
	ECL	D	0.12%	0.01%	0.01%
	ED	D	0.07%	0.35%	0.07%
	EFX	F	0.06%	0.01%	0.01%
	EG	C	0.03%	0.06%	0.03%
	EIX	B	0.06%	0.03%	0.03%
	EL	F	0.03%	0.01%	0.01%
	ELS	C	0.02%	0.0%	0.0%
	ELV	F	0.18%	0.21%	0.18%
	EMN	D	0.02%	0.01%	0.01%
	EMR	A	0.14%	0.03%	0.03%
	ENPH	F	0.02%	0.01%	0.01%
	ENTG	D	0.03%	0.0%	0.0%
	EOG	A	0.15%	0.06%	0.06%
	EPAM	C	0.03%	0.02%	0.02%
	EQH	B	0.03%	0.01%	0.01%
	EQIX	A	0.17%	0.02%	0.02%
	EQR	B	0.05%	0.01%	0.01%
	EQT	B	0.05%	0.02%	0.02%
	ES	D	0.04%	0.01%	0.01%
	ESS	B	0.04%	0.01%	0.01%
	ETN	A	0.28%	0.03%	0.03%
	ETR	B	0.06%	0.03%	0.03%
	EVRG	A	0.03%	0.01%	0.01%
	EW	C	0.08%	0.07%	0.07%
	EXAS	D	0.02%	0.0%	0.0%
	EXC	C	0.07%	0.03%	0.03%
	EXPD	D	0.03%	0.04%	0.03%
	EXPE	B	0.04%	0.01%	0.01%
	EXR	D	0.07%	0.01%	0.01%
	F	C	0.08%	0.09%	0.08%
	FANG	D	0.06%	0.09%	0.06%
	FAST	B	0.09%	0.09%	0.09%
	FCNCA	A	0.05%	0.11%	0.05%
	FCX	D	0.12%	0.02%	0.02%
	FDS	B	0.03%	0.03%	0.03%
	FDX	B	0.13%	0.07%	0.07%
	FE	C	0.04%	0.01%	0.01%
	FFIV	B	0.03%	0.16%	0.03%
	FI	A	0.24%	0.09%	0.09%
	FICO	B	0.11%	0.05%	0.05%
	FIS	C	0.09%	0.02%	0.02%
	FITB	A	0.06%	0.03%	0.03%
	FNF	B	0.03%	0.01%	0.01%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	B	0.02%	0.01%	0.01%
	FSLR	F	0.04%	0.01%	0.01%
	FTNT	C	0.12%	0.01%	0.01%
	FTV	C	0.05%	0.01%	0.01%
	GD	F	0.13%	0.18%	0.13%
	GDDY	A	0.05%	0.25%	0.05%
	GE	D	0.37%	0.31%	0.31%
	GEHC	F	0.06%	0.02%	0.02%
	GEN	B	0.03%	0.12%	0.03%
	GEV	B	0.18%	0.02%	0.02%
	GILD	C	0.21%	0.24%	0.21%
	GIS	D	0.07%	0.33%	0.07%
	GLW	B	0.07%	0.02%	0.02%
	GM	B	0.12%	0.19%	0.12%
	GOOG	C	1.79%	0.94%	0.94%
	GOOGL	C	2.0%	1.07%	1.07%
	GPC	D	0.03%	0.05%	0.03%
	GPN	B	0.06%	0.02%	0.02%
	GRMN	B	0.06%	0.05%	0.05%
	GS	A	0.36%	0.17%	0.17%
	GWW	B	0.1%	0.11%	0.1%
	HAL	C	0.05%	0.02%	0.02%
	HBAN	A	0.05%	0.03%	0.03%
	HCA	F	0.12%	0.04%	0.04%
	HD	A	0.77%	0.15%	0.15%
	HEI	B	0.03%	0.0%	0.0%
	HEI	B	0.03%	0.0%	0.0%
	HEI	B	0.02%	0.0%	0.0%
	HEI	B	0.02%	0.0%	0.0%
	HES	B	0.08%	0.01%	0.01%
	HIG	B	0.07%	0.03%	0.03%
	HII	D	0.01%	0.01%	0.01%
	HLT	A	0.12%	0.01%	0.01%
	HOLX	D	0.04%	0.01%	0.01%
	HON	B	0.29%	0.26%	0.26%
	HPE	B	0.05%	0.04%	0.04%
	HPQ	B	0.07%	0.04%	0.04%
	HRL	D	0.02%	0.09%	0.02%
	HST	C	0.02%	0.01%	0.01%
	HSY	F	0.05%	0.16%	0.05%
	HUBB	B	0.05%	0.04%	0.04%
	HUM	C	0.07%	0.15%	0.07%
	HWM	A	0.09%	0.01%	0.01%
	IBM	C	0.38%	0.46%	0.38%
	ICE	C	0.17%	0.03%	0.03%
	IDXX	F	0.07%	0.07%	0.07%
	IEX	B	0.03%	0.03%	0.03%
	IFF	D	0.04%	0.01%	0.01%
	ILMN	D	0.04%	0.0%	0.0%
	INCY	C	0.02%	0.15%	0.02%
	INTC	D	0.2%	0.1%	0.1%
	INTU	C	0.35%	0.27%	0.27%
	INVH	D	0.04%	0.01%	0.01%
	IP	B	0.04%	0.02%	0.02%
	IPG	D	0.02%	0.02%	0.02%
	IQV	D	0.07%	0.01%	0.01%
	IR	B	0.08%	0.01%	0.01%
	IRM	D	0.07%	0.01%	0.01%
	ISRG	A	0.37%	0.25%	0.25%
	IT	C	0.08%	0.03%	0.03%
	ITW	B	0.15%	0.13%	0.13%
	J	F	0.03%	0.01%	0.01%
	JBHT	C	0.03%	0.03%	0.03%
	JCI	C	0.11%	0.03%	0.03%
	JKHY	D	0.02%	0.07%	0.02%
	JNJ	D	0.71%	1.1%	0.71%
	JNPR	F	0.02%	0.12%	0.02%
	JPM	A	1.33%	0.6%	0.6%
	K	A	0.04%	0.23%	0.04%
	KDP	D	0.07%	0.14%	0.07%
	KEY	B	0.03%	0.02%	0.02%
	KEYS	A	0.06%	0.17%	0.06%
	KHC	F	0.05%	0.2%	0.05%
	KIM	A	0.03%	0.01%	0.01%
	KKR	A	0.2%	0.02%	0.02%
	KLAC	D	0.16%	0.14%	0.14%
	KMB	D	0.09%	0.11%	0.09%
	KMI	A	0.11%	0.04%	0.04%
	KMX	B	0.02%	0.02%	0.02%
	KO	D	0.48%	0.56%	0.48%
	KR	B	0.08%	0.31%	0.08%
	KVUE	A	0.08%	0.08%	0.08%
	L	A	0.03%	0.17%	0.03%
	LDOS	C	0.04%	0.01%	0.01%
	LEN	D	0.0%	0.09%	0.0%
	LEN	D	0.08%	0.09%	0.08%
	LH	C	0.04%	0.02%	0.02%
	LHX	C	0.09%	0.02%	0.02%
	LII	A	0.04%	0.0%	0.0%
	LIN	D	0.42%	0.06%	0.06%
	LKQ	D	0.02%	0.01%	0.01%
	LLY	F	1.23%	1.14%	1.14%
	LMT	D	0.22%	0.42%	0.22%
	LNG	B	0.1%	0.06%	0.06%
	LNT	A	0.03%	0.03%	0.03%
	LOW	D	0.29%	0.07%	0.07%
	LPLA	A	0.05%	0.05%	0.05%
	LRCX	F	0.18%	0.18%	0.18%
	LULU	C	0.07%	0.07%	0.07%
	LUV	C	0.04%	0.0%	0.0%
	LVS	C	0.04%	0.0%	0.0%
	LW	C	0.02%	0.0%	0.0%
	LYB	F	0.04%	0.03%	0.03%
	LYV	A	0.04%	0.0%	0.0%
	MA	C	0.81%	0.71%	0.71%
	MAA	B	0.04%	0.01%	0.01%
	MAR	B	0.13%	0.01%	0.01%
	MAS	D	0.03%	0.01%	0.01%
	MCD	D	0.41%	0.42%	0.41%
	MCHP	D	0.07%	0.06%	0.06%
	MCK	B	0.16%	0.58%	0.16%
	MCO	B	0.15%	0.13%	0.13%
	MDLZ	F	0.17%	0.14%	0.14%
	MDT	D	0.21%	0.06%	0.06%
	MELI	D	0.18%	0.01%	0.01%
	MET	A	0.1%	0.05%	0.05%
	META	D	2.4%	2.11%	2.11%
	MGM	D	0.02%	0.01%	0.01%
	MKC	D	0.04%	0.01%	0.01%
	MKL	A	0.04%	0.13%	0.04%
	MLM	B	0.07%	0.01%	0.01%
	MMC	B	0.21%	0.51%	0.21%
	MMM	D	0.14%	0.14%	0.14%
	MNST	C	0.07%	0.07%	0.07%
	MO	A	0.19%	0.04%	0.04%
	MOH	F	0.03%	0.06%	0.03%
	MOS	F	0.02%	0.02%	0.02%
	MPC	D	0.11%	0.17%	0.11%
	MPWR	F	0.05%	0.04%	0.04%
	MRK	F	0.48%	0.42%	0.42%
	MRNA	F	0.02%	0.01%	0.01%
	MRO	B	0.03%	0.02%	0.02%
	MRVL	B	0.15%	0.01%	0.01%
	MS	A	0.32%	0.12%	0.12%
	MSCI	C	0.09%	0.0%	0.0%
	MSFT	F	5.99%	2.3%	2.3%
	MSI	B	0.16%	0.65%	0.16%
	MTB	A	0.07%	0.05%	0.05%
	MU	D	0.21%	0.04%	0.04%
	NBIX	C	0.02%	0.11%	0.02%
	NDAQ	A	0.06%	0.01%	0.01%
	NEE	D	0.31%	0.06%	0.06%
	NEM	D	0.1%	0.04%	0.04%
	NET	B	0.06%	0.0%	0.0%
	NFLX	A	0.73%	0.54%	0.54%
	NI	A	0.03%	0.01%	0.01%
	NKE	D	0.17%	0.17%	0.17%
	NOC	D	0.14%	0.32%	0.14%
	NOW	A	0.41%	0.01%	0.01%
	NRG	B	0.04%	0.02%	0.02%
	NSC	B	0.11%	0.03%	0.03%
	NTAP	C	0.05%	0.04%	0.04%
	NTRS	A	0.04%	0.02%	0.02%
	NUE	C	0.07%	0.04%	0.04%
	NVDA	C	6.71%	2.53%	2.53%
	NVR	D	0.05%	0.06%	0.05%
	NWSA	B	0.02%	0.01%	0.01%
	NXPI	D	0.11%	0.02%	0.02%
	O	D	0.1%	0.02%	0.02%
	OC	A	0.03%	0.03%	0.03%
	ODFL	B	0.08%	0.08%	0.08%
	OKE	A	0.13%	0.03%	0.03%
	OKTA	C	0.02%	0.0%	0.0%
	OMC	C	0.04%	0.04%	0.04%
	ON	D	0.06%	0.01%	0.01%
	ORCL	B	0.59%	0.25%	0.25%
	ORLY	B	0.13%	0.24%	0.13%
	OTIS	C	0.08%	0.01%	0.01%
	OXY	D	0.06%	0.03%	0.03%
	PANW	C	0.25%	0.18%	0.18%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.09%	0.1%	0.09%
	PCAR	B	0.11%	0.11%	0.11%
	PCG	A	0.08%	0.03%	0.03%
	PEG	A	0.09%	0.02%	0.02%
	PEP	F	0.42%	0.77%	0.42%
	PFE	D	0.27%	0.18%	0.18%
	PFG	D	0.04%	0.02%	0.02%
	PG	A	0.78%	0.95%	0.78%
	PGR	A	0.29%	0.35%	0.29%
	PH	A	0.17%	0.02%	0.02%
	PHM	D	0.05%	0.06%	0.05%
	PINS	D	0.03%	0.0%	0.0%
	PKG	A	0.04%	0.04%	0.04%
	PLD	D	0.21%	0.04%	0.04%
	PLTR	B	0.24%	0.0%	0.0%
	PM	B	0.39%	0.07%	0.07%
	PNC	B	0.16%	0.1%	0.1%
	PNR	A	0.03%	0.03%	0.03%
	PODD	C	0.04%	0.0%	0.0%
	POOL	C	0.03%	0.03%	0.03%
	PPG	F	0.06%	0.01%	0.01%
	PPL	B	0.05%	0.01%	0.01%
	PRU	A	0.09%	0.05%	0.05%
	PSA	D	0.1%	0.09%	0.09%
	PSX	C	0.11%	0.14%	0.11%
	PTC	A	0.04%	0.08%	0.04%
	PWR	A	0.09%	0.01%	0.01%
	PYPL	B	0.17%	0.04%	0.04%
	QCOM	F	0.33%	0.32%	0.32%
	QRVO	F	0.01%	0.0%	0.0%
	RBLX	C	0.05%	0.0%	0.0%
	RCL	A	0.11%	0.01%	0.01%
	REG	B	0.02%	0.01%	0.01%
	REGN	F	0.15%	0.31%	0.15%
	RF	A	0.05%	0.03%	0.03%
	RJF	A	0.06%	0.02%	0.02%
	RMD	C	0.07%	0.05%	0.05%
	ROK	B	0.06%	0.06%	0.06%
	ROL	B	0.03%	0.08%	0.03%
	ROP	B	0.11%	0.48%	0.11%
	ROST	C	0.09%	0.02%	0.02%
	RPRX	D	0.02%	0.01%	0.01%
	RSG	A	0.08%	0.46%	0.08%
	RTX	C	0.31%	0.09%	0.09%
	RVTY	F	0.03%	0.01%	0.01%
	SBAC	D	0.05%	0.01%	0.01%
	SBUX	A	0.22%	0.04%	0.04%
	SCHW	B	0.22%	0.04%	0.04%
	SHW	A	0.17%	0.14%	0.14%
	SJM	D	0.02%	0.07%	0.02%
	SLB	C	0.12%	0.03%	0.03%
	SMCI	F	0.02%	0.01%	0.01%
	SNA	A	0.04%	0.04%	0.04%
	SNAP	C	0.02%	0.0%	0.0%
	SNOW	C	0.08%	0.0%	0.0%
	SNPS	B	0.16%	0.12%	0.12%
	SO	D	0.19%	0.46%	0.19%
	SPG	B	0.11%	0.02%	0.02%
	SPGI	C	0.31%	0.04%	0.04%
	SQ	B	0.1%	0.02%	0.02%
	SRE	A	0.11%	0.04%	0.04%
	SSNC	B	0.03%	0.01%	0.01%
	STE	F	0.04%	0.01%	0.01%
	STLD	B	0.04%	0.02%	0.02%
	STT	A	0.06%	0.03%	0.03%
	STX	D	0.04%	0.01%	0.01%
	STZ	D	0.08%	0.01%	0.01%
	SUI	D	0.03%	0.01%	0.01%
	SW	A	0.05%	0.03%	0.03%
	SWK	D	0.03%	0.01%	0.01%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.05%	0.04%	0.04%
	SYK	C	0.27%	0.03%	0.03%
	SYY	B	0.07%	0.03%	0.03%
	T	A	0.32%	0.39%	0.32%
	TAP	C	0.02%	0.01%	0.01%
	TDG	D	0.14%	0.01%	0.01%
	TDY	B	0.04%	0.06%	0.04%
	TECH	D	0.02%	0.0%	0.0%
	TER	D	0.03%	0.02%	0.02%
	TFC	A	0.12%	0.09%	0.09%
	TFX	F	0.02%	0.0%	0.0%
	TGT	F	0.11%	0.15%	0.11%
	TJX	A	0.26%	0.35%	0.26%
	TMO	F	0.38%	0.06%	0.06%
	TMUS	B	0.22%	0.76%	0.22%
	TPL	A	0.05%	0.06%	0.05%
	TRGP	B	0.09%	0.04%	0.04%
	TRMB	B	0.03%	0.01%	0.01%
	TROW	B	0.05%	0.05%	0.05%
	TRU	D	0.04%	0.01%	0.01%
	TRV	B	0.11%	0.3%	0.11%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	B	1.84%	0.16%	0.16%
	TSN	B	0.03%	0.15%	0.03%
	TT	A	0.18%	0.15%	0.15%
	TTD	B	0.11%	0.0%	0.0%
	TTWO	A	0.06%	0.01%	0.01%
	TWLO	A	0.03%	0.01%	0.01%
	TXN	C	0.35%	0.48%	0.35%
	TXT	D	0.03%	0.01%	0.01%
	TYL	B	0.05%	0.0%	0.0%
	UBER	D	0.27%	0.01%	0.01%
	UDR	B	0.03%	0.0%	0.0%
	UHS	D	0.02%	0.01%	0.01%
	ULTA	F	0.03%	0.06%	0.03%
	UNH	C	1.07%	1.35%	1.07%
	UNP	C	0.28%	0.26%	0.26%
	UPS	C	0.19%	0.07%	0.07%
	URI	B	0.11%	0.02%	0.02%
	USB	A	0.15%	0.09%	0.09%
	V	A	1.0%	1.21%	1.0%
	VEEV	C	0.06%	0.05%	0.05%
	VICI	C	0.06%	0.02%	0.02%
	VLO	C	0.09%	0.08%	0.08%
	VLTO	D	0.05%	0.05%	0.05%
	VMC	B	0.07%	0.01%	0.01%
	VRSK	A	0.08%	0.01%	0.01%
	VRSN	F	0.03%	0.14%	0.03%
	VRT	B	0.1%	0.0%	0.0%
	VRTX	F	0.23%	0.43%	0.23%
	VST	B	0.1%	0.01%	0.01%
	VTR	C	0.05%	0.01%	0.01%
	VTRS	A	0.03%	0.03%	0.03%
	VZ	C	0.34%	0.58%	0.34%
	WAB	B	0.07%	0.01%	0.01%
	WAT	B	0.04%	0.04%	0.04%
	WBA	F	0.01%	0.04%	0.01%
	WBD	C	0.04%	0.07%	0.04%
	WDAY	B	0.11%	0.04%	0.04%
	WDC	D	0.04%	0.01%	0.01%
	WEC	A	0.06%	0.2%	0.06%
	WELL	A	0.16%	0.02%	0.02%
	WFC	A	0.49%	0.28%	0.28%
	WLK	D	0.01%	0.0%	0.0%
	WM	A	0.16%	0.52%	0.16%
	WMB	A	0.14%	0.19%	0.14%
	WMT	A	0.73%	0.76%	0.73%
	WPC	D	0.02%	0.01%	0.01%
	WRB	A	0.04%	0.14%	0.04%
	WSO	A	0.04%	0.03%	0.03%
	WST	C	0.04%	0.04%	0.04%
	WTW	B	0.06%	0.07%	0.06%
	WY	D	0.04%	0.02%	0.02%
	WYNN	D	0.02%	0.0%	0.0%
	XEL	A	0.07%	0.09%	0.07%
	XOM	B	1.04%	0.47%	0.47%
	XYL	D	0.06%	0.01%	0.01%
	YUM	B	0.07%	0.15%	0.07%
	Z	A	0.02%	0.0%	0.0%
	ZBH	C	0.04%	0.01%	0.01%
	ZBRA	B	0.04%	0.01%	0.01%
	ZM	B	0.04%	0.01%	0.01%
	ZTS	D	0.16%	0.15%	0.15%

BBUS Overweight 17 Positions Relative to QWLD

	Symbol	Grade	Weight
	TEAM	A	0.08%
	HUBS	A	0.07%
	CPNG	D	0.06%
	UAL	A	0.06%
	ALNY	D	0.06%
	MTD	D	0.05%
	ZS	C	0.04%
	MDB	C	0.04%
	EWBC	A	0.03%
	RGA	A	0.03%
	FLEX	A	0.03%
	SCCO	F	0.02%
	NWS	B	0.01%
	ZG	A	0.01%
	SIRI	C	0.01%
	U	C	0.01%
	AGR	B	0.0%

BBUS Underweight 83 Positions Relative to QWLD

	Symbol	Grade	Weight
	NVS	D	-0.79%
	UL	D	-0.27%
	WCN	A	-0.27%
	HSBH	B	-0.25%
	CBOE	B	-0.24%
	MFG	B	-0.24%
	CHKP	D	-0.17%
	TM	D	-0.15%
	UTHR	C	-0.15%
	MUFG	B	-0.14%
	ERIE	D	-0.12%
	TD	F	-0.12%
	E	F	-0.12%
	BCS	C	-0.11%
	DEO	F	-0.11%
	CNI	D	-0.1%
	SMFG	B	-0.1%
	LYG	F	-0.09%
	AIZ	A	-0.08%
	SONY	B	-0.08%
	STLA	F	-0.08%
	HMC	F	-0.07%
	LOGI	D	-0.06%
	BTI	B	-0.05%
	DINO	D	-0.05%
	MT	B	-0.05%
	MANH	D	-0.04%
	EME	C	-0.04%
	GGG	B	-0.03%
	SOLV	C	-0.03%
	CSL	C	-0.03%
	WSM	B	-0.03%
	ALLY	C	-0.02%
	TTC	D	-0.02%
	MKTX	D	-0.02%
	AOS	F	-0.02%
	RS	B	-0.02%
	SEIC	B	-0.02%
	JBL	B	-0.02%
	NMR	B	-0.02%
	OVV	B	-0.02%
	AER	B	-0.02%
	NDSN	B	-0.02%
	DKS	C	-0.02%
	WTRG	B	-0.01%
	CTLT	B	-0.01%
	MBAVU	D	-0.01%
	GLPI	C	-0.01%
	DVA	B	-0.01%
	RPM	A	-0.01%
	HSIC	B	-0.01%
	CCEP	C	-0.01%
	ACM	A	-0.01%
	CHRD	D	-0.01%
	AGCO	D	-0.01%
	WFG	D	-0.01%
	SE	B	-0.01%
	KNX	B	-0.01%
	CHRW	C	-0.01%
	PARA	C	-0.01%
	GLBE	B	-0.0%
	IOT	A	-0.0%
	XRX	F	-0.0%
	DKNG	B	-0.0%
	TOST	B	-0.0%
	H	B	-0.0%
	PSTG	D	-0.0%
	FUTU	D	-0.0%
	GRAB	B	-0.0%
	ROKU	D	-0.0%
	MSTR	C	-0.0%
	HOOD	B	-0.0%
	TW	A	-0.0%
	RIVN	F	-0.0%
	MTCH	D	-0.0%
	QGEN	D	-0.0%
	APP	B	-0.0%
	BBWI	D	-0.0%
	BIO	D	-0.0%
	OTEX	D	-0.0%
	AMH	D	-0.0%
	UHAL	D	-0.0%
	FBIN	D	-0.0%

BBUS: Top Represented Industries & Keywords

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

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

QWLD: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Semiconductors Capital Markets Oil & Gas E&P Software - Infrastructure Specialty Retail Aerospace & Defense Banks - Regional - US Drug Manufacturers - Major REIT - Residential Specialty Chemicals Biotechnology Insurance - Property & Casualty Packaged Foods Banks - Global

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