GVUS vs. QUS ETF Comparison

Comparison of Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) to SPDR MSCI USA Quality Mix ETF (QUS)

GVUS

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF

GVUS Description

The fund seeks to achieve its investment objective by investing at least 80% of its assets in equity securities included in its underlying index, in depositary receipts representing equity securities included in its underlying index, and in underlying stocks in lieu of depositary receipts included in its underlying index. The index is designed to measure the performance of the large- and mid-capitalization value segment of U.S. equity issuers, with a capping methodology.

Grade (RS Rating)

Last Trade

$49.66

Average Daily Volume

35,433

Number of Holdings ^*

835

* may have additional holdings in another (foreign) market

QUS

SPDR MSCI USA Quality Mix ETF

QUS Description

The investment seeks to track the performance of the MSCI USA Quality Mix A-Series Index. The fund invests at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the equity market performance of large-and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility. It is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI USA Value Weighted Index, the MSCI USA Quality Index, and the MSCI USA Minimum Volatility Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$158.65

Average Daily Volume

14,758

Number of Holdings ^*

582

* may have additional holdings in another (foreign) market

Performance

Period	GVUS	QUS
30 Days	-0.15%	-0.90%
60 Days	2.99%	1.77%
90 Days	5.99%	3.95%
12 Months		28.21%

483 Overlapping Holdings

	Symbol	Grade	Weight in GVUS	Weight in QUS	Overlap
	A	D	0.15%	0.11%	0.11%
	ABBV	F	0.77%	0.58%	0.58%
	ABT	B	0.77%	0.15%	0.15%
	ACGL	C	0.14%	0.37%	0.14%
	ACI	C	0.03%	0.03%	0.03%
	ACM	B	0.06%	0.01%	0.01%
	ACN	C	0.86%	1.16%	0.86%
	ADI	D	0.43%	0.15%	0.15%
	ADM	D	0.1%	0.08%	0.08%
	ADP	B	0.04%	0.54%	0.04%
	AEE	A	0.09%	0.11%	0.09%
	AEP	C	0.2%	0.18%	0.18%
	AES	F	0.04%	0.01%	0.01%
	AFG	A	0.04%	0.15%	0.04%
	AFL	C	0.23%	0.21%	0.21%
	AIG	B	0.19%	0.12%	0.12%
	AIZ	A	0.04%	0.12%	0.04%
	AJG	A	0.23%	0.45%	0.23%
	AKAM	F	0.05%	0.14%	0.05%
	ALB	C	0.05%	0.02%	0.02%
	ALGN	D	0.03%	0.01%	0.01%
	ALL	A	0.17%	0.06%	0.06%
	ALLE	D	0.05%	0.04%	0.04%
	ALLY	C	0.03%	0.03%	0.03%
	ALNY	D	0.01%	0.08%	0.01%
	AMAT	F	0.05%	0.53%	0.05%
	AMCR	C	0.06%	0.02%	0.02%
	AMD	F	0.31%	0.07%	0.07%
	AME	A	0.17%	0.02%	0.02%
	AMGN	D	0.15%	0.31%	0.15%
	AMH	C	0.05%	0.01%	0.01%
	AMP	A	0.02%	0.04%	0.02%
	ANSS	B	0.12%	0.01%	0.01%
	AON	A	0.29%	0.21%	0.21%
	AOS	F	0.03%	0.03%	0.03%
	APA	F	0.03%	0.04%	0.03%
	APD	A	0.27%	0.04%	0.04%
	APH	B	0.14%	0.73%	0.14%
	APO	A	0.08%	0.03%	0.03%
	APTV	F	0.06%	0.02%	0.02%
	ARE	D	0.08%	0.02%	0.02%
	ATO	A	0.08%	0.04%	0.04%
	AVB	A	0.13%	0.02%	0.02%
	AVTR	F	0.06%	0.01%	0.01%
	AVY	D	0.04%	0.01%	0.01%
	AWK	C	0.1%	0.02%	0.02%
	AXP	A	0.39%	0.1%	0.1%
	AZO	C	0.02%	0.35%	0.02%
	BA	F	0.34%	0.02%	0.02%
	BAC	A	1.18%	0.66%	0.66%
	BALL	D	0.07%	0.02%	0.02%
	BAX	F	0.07%	0.02%	0.02%
	BBWI	C	0.03%	0.01%	0.01%
	BBY	C	0.07%	0.09%	0.07%
	BDX	F	0.26%	0.24%	0.24%
	BEN	C	0.02%	0.01%	0.01%
	BG	D	0.05%	0.04%	0.04%
	BIIB	F	0.1%	0.02%	0.02%
	BIO	C	0.03%	0.01%	0.01%
	BK	A	0.22%	0.09%	0.09%
	BKNG	A	0.04%	0.04%	0.04%
	BKR	A	0.17%	0.04%	0.04%
	BLDR	D	0.08%	0.08%	0.08%
	BMRN	F	0.05%	0.08%	0.05%
	BMY	B	0.42%	0.32%	0.32%
	BR	A	0.01%	0.03%	0.01%
	BRK.A	A	3.25%	1.06%	1.06%
	BRO	B	0.06%	0.01%	0.01%
	BSX	B	0.5%	0.04%	0.04%
	BXP	D	0.05%	0.02%	0.02%
	C	A	0.5%	0.44%	0.44%
	CAG	F	0.05%	0.02%	0.02%
	CAH	B	0.05%	0.12%	0.05%
	CARR	D	0.25%	0.04%	0.04%
	CAT	B	0.63%	0.63%	0.63%
	CB	C	0.44%	0.62%	0.44%
	CBOE	D	0.08%	0.28%	0.08%
	CBRE	B	0.16%	0.05%	0.05%
	CCI	D	0.18%	0.03%	0.03%
	CCK	D	0.04%	0.02%	0.02%
	CCL	A	0.09%	0.01%	0.01%
	CDW	F	0.05%	0.21%	0.05%
	CE	F	0.03%	0.01%	0.01%
	CEG	D	0.24%	0.03%	0.03%
	CF	A	0.06%	0.03%	0.03%
	CFG	A	0.08%	0.06%	0.06%
	CG	B	0.04%	0.01%	0.01%
	CHD	A	0.1%	0.14%	0.1%
	CHRD	F	0.03%	0.01%	0.01%
	CHRW	A	0.05%	0.02%	0.02%
	CHTR	B	0.14%	0.09%	0.09%
	CI	D	0.31%	0.23%	0.23%
	CINF	A	0.09%	0.03%	0.03%
	CL	D	0.13%	0.16%	0.13%
	CMCSA	B	0.65%	0.42%	0.42%
	CME	A	0.31%	0.22%	0.22%
	CMI	A	0.19%	0.16%	0.16%
	CMS	C	0.08%	0.08%	0.08%
	CNC	F	0.12%	0.09%	0.09%
	CNH	D	0.04%	0.02%	0.02%
	CNP	A	0.07%	0.02%	0.02%
	COF	A	0.27%	0.16%	0.16%
	COIN	A	0.03%	0.01%	0.01%
	COP	C	0.5%	0.16%	0.16%
	CPB	D	0.03%	0.12%	0.03%
	CPRT	A	0.01%	0.14%	0.01%
	CPT	D	0.05%	0.01%	0.01%
	CRBG	B	0.03%	0.02%	0.02%
	CRL	D	0.04%	0.01%	0.01%
	CRM	A	0.18%	0.11%	0.11%
	CSCO	B	0.9%	1.32%	0.9%
	CSGP	F	0.12%	0.01%	0.01%
	CSL	B	0.07%	0.01%	0.01%
	CSX	B	0.27%	0.05%	0.05%
	CTAS	B	0.02%	0.24%	0.02%
	CTLT	C	0.04%	0.01%	0.01%
	CTRA	A	0.07%	0.03%	0.03%
	CTSH	B	0.15%	0.4%	0.15%
	CTVA	D	0.16%	0.17%	0.16%
	CVS	F	0.27%	0.3%	0.27%
	CVX	A	1.04%	0.52%	0.52%
	D	C	0.19%	0.13%	0.13%
	DAL	A	0.15%	0.01%	0.01%
	DASH	B	0.03%	0.01%	0.01%
	DAY	B	0.04%	0.0%	0.0%
	DD	D	0.14%	0.04%	0.04%
	DE	D	0.38%	0.1%	0.1%
	DELL	C	0.12%	0.06%	0.06%
	DFS	A	0.17%	0.07%	0.07%
	DG	F	0.06%	0.02%	0.02%
	DGX	A	0.07%	0.06%	0.06%
	DHI	D	0.19%	0.19%	0.19%
	DHR	D	0.61%	0.09%	0.09%
	DINO	D	0.03%	0.02%	0.02%
	DIS	A	0.7%	0.15%	0.15%
	DKS	D	0.04%	0.01%	0.01%
	DLR	A	0.23%	0.04%	0.04%
	DLTR	F	0.05%	0.02%	0.02%
	DOC	D	0.06%	0.01%	0.01%
	DOV	A	0.11%	0.02%	0.02%
	DOW	F	0.13%	0.06%	0.06%
	DPZ	C	0.04%	0.07%	0.04%
	DRI	B	0.04%	0.01%	0.01%
	DTE	C	0.09%	0.09%	0.09%
	DUK	C	0.34%	0.59%	0.34%
	DVN	F	0.09%	0.04%	0.04%
	EA	A	0.16%	0.3%	0.16%
	EBAY	D	0.12%	0.02%	0.02%
	ECL	D	0.03%	0.02%	0.02%
	ED	D	0.13%	0.42%	0.13%
	EFX	F	0.1%	0.01%	0.01%
	EG	D	0.05%	0.17%	0.05%
	EIX	C	0.12%	0.04%	0.04%
	EL	F	0.04%	0.01%	0.01%
	ELS	B	0.05%	0.0%	0.0%
	ELV	F	0.32%	0.3%	0.3%
	EME	B	0.06%	0.08%	0.06%
	EMN	C	0.05%	0.02%	0.02%
	EMR	A	0.28%	0.05%	0.05%
	EOG	A	0.3%	0.15%	0.15%
	EPAM	B	0.05%	0.04%	0.04%
	EQIX	B	0.32%	0.02%	0.02%
	EQR	C	0.11%	0.02%	0.02%
	EQT	A	0.09%	0.03%	0.03%
	ES	C	0.08%	0.02%	0.02%
	ESS	A	0.08%	0.01%	0.01%
	ETN	A	0.56%	0.05%	0.05%
	ETR	A	0.12%	0.05%	0.05%
	EVRG	A	0.05%	0.02%	0.02%
	EW	C	0.12%	0.12%	0.12%
	EXAS	F	0.02%	0.0%	0.0%
	EXC	C	0.15%	0.05%	0.05%
	EXPD	D	0.05%	0.06%	0.05%
	EXR	C	0.13%	0.02%	0.02%
	F	C	0.17%	0.16%	0.16%
	FANG	D	0.13%	0.22%	0.13%
	FAST	B	0.03%	0.15%	0.03%
	FBIN	D	0.04%	0.01%	0.01%
	FCNCA	A	0.09%	0.32%	0.09%
	FCX	F	0.26%	0.04%	0.04%
	FDS	A	0.05%	0.05%	0.05%
	FDX	A	0.25%	0.11%	0.11%
	FE	C	0.09%	0.02%	0.02%
	FFIV	B	0.05%	0.23%	0.05%
	FI	A	0.32%	0.3%	0.3%
	FICO	A	0.04%	0.21%	0.04%
	FIS	B	0.19%	0.03%	0.03%
	FITB	A	0.12%	0.06%	0.06%
	FNF	C	0.06%	0.02%	0.02%
	FOX	A	0.02%	0.01%	0.01%
	FOXA	A	0.04%	0.02%	0.02%
	FSLR	F	0.08%	0.03%	0.03%
	FTNT	A	0.04%	0.01%	0.01%
	FTV	D	0.1%	0.02%	0.02%
	GD	D	0.33%	0.07%	0.07%
	GE	D	0.61%	0.11%	0.11%
	GEHC	D	0.13%	0.03%	0.03%
	GEN	B	0.06%	0.13%	0.06%
	GEV	A	0.36%	0.05%	0.05%
	GGG	A	0.06%	0.05%	0.05%
	GILD	B	0.46%	0.46%	0.46%
	GIS	D	0.14%	0.26%	0.14%
	GLPI	D	0.05%	0.01%	0.01%
	GLW	B	0.14%	0.14%	0.14%
	GM	A	0.24%	0.3%	0.24%
	GPC	D	0.07%	0.02%	0.02%
	GPN	B	0.11%	0.04%	0.04%
	GRMN	B	0.13%	0.2%	0.13%
	GS	A	0.52%	0.29%	0.29%
	GWW	A	0.03%	0.2%	0.03%
	H	B	0.02%	0.0%	0.0%
	HAL	C	0.1%	0.03%	0.03%
	HBAN	A	0.1%	0.05%	0.05%
	HCA	D	0.19%	0.06%	0.06%
	HD	A	0.31%	0.34%	0.31%
	HES	B	0.05%	0.02%	0.02%
	HIG	C	0.13%	0.09%	0.09%
	HII	F	0.03%	0.01%	0.01%
	HLT	A	0.11%	0.01%	0.01%
	HOLX	D	0.07%	0.07%	0.07%
	HON	A	0.46%	0.49%	0.46%
	HOOD	A	0.08%	0.0%	0.0%
	HPE	B	0.11%	0.06%	0.06%
	HPQ	B	0.1%	0.07%	0.07%
	HRL	D	0.03%	0.08%	0.03%
	HSIC	D	0.03%	0.01%	0.01%
	HST	D	0.05%	0.01%	0.01%
	HSY	F	0.08%	0.18%	0.08%
	HUBB	B	0.1%	0.07%	0.07%
	HUM	F	0.13%	0.2%	0.13%
	HWM	A	0.17%	0.01%	0.01%
	IBM	D	0.75%	0.69%	0.69%
	ICE	D	0.34%	0.14%	0.14%
	IEX	B	0.07%	0.05%	0.05%
	IFF	D	0.09%	0.02%	0.02%
	ILMN	C	0.09%	0.01%	0.01%
	INCY	B	0.05%	0.22%	0.05%
	INTC	C	0.43%	0.18%	0.18%
	INVH	D	0.08%	0.01%	0.01%
	IP	A	0.08%	0.04%	0.04%
	IPG	F	0.04%	0.02%	0.02%
	IQV	F	0.13%	0.02%	0.02%
	IR	A	0.16%	0.02%	0.02%
	IRM	D	0.06%	0.01%	0.01%
	ITW	B	0.19%	0.27%	0.19%
	J	D	0.07%	0.02%	0.02%
	JBHT	B	0.06%	0.05%	0.05%
	JBL	C	0.05%	0.03%	0.03%
	JCI	A	0.22%	0.05%	0.05%
	JKHY	D	0.05%	0.04%	0.04%
	JNJ	D	1.44%	1.62%	1.44%
	JNPR	D	0.05%	0.17%	0.05%
	JPM	A	2.61%	1.01%	1.01%
	K	B	0.08%	0.28%	0.08%
	KDP	D	0.14%	0.24%	0.14%
	KEY	A	0.07%	0.04%	0.04%
	KEYS	C	0.11%	0.28%	0.11%
	KHC	F	0.11%	0.18%	0.11%
	KIM	A	0.06%	0.02%	0.02%
	KKR	A	0.28%	0.04%	0.04%
	KMB	C	0.1%	0.1%	0.1%
	KMI	A	0.2%	0.06%	0.06%
	KMX	B	0.04%	0.03%	0.03%
	KNX	B	0.04%	0.04%	0.04%
	KO	D	0.41%	0.82%	0.41%
	KR	B	0.15%	0.32%	0.15%
	KVUE	A	0.17%	0.04%	0.04%
	L	A	0.06%	0.12%	0.06%
	LDOS	C	0.1%	0.02%	0.02%
	LEN	D	0.16%	0.06%	0.06%
	LEN	D	0.01%	0.06%	0.01%
	LH	B	0.08%	0.03%	0.03%
	LHX	B	0.19%	0.04%	0.04%
	LIN	D	0.85%	0.15%	0.15%
	LKQ	D	0.04%	0.02%	0.02%
	LMT	D	0.32%	0.75%	0.32%
	LNG	A	0.09%	0.05%	0.05%
	LNT	A	0.06%	0.05%	0.05%
	LOW	A	0.59%	0.12%	0.12%
	LUV	A	0.07%	0.01%	0.01%
	LW	C	0.03%	0.03%	0.03%
	LYB	F	0.09%	0.04%	0.04%
	MAA	A	0.07%	0.01%	0.01%
	MAR	A	0.25%	0.02%	0.02%
	MAS	D	0.07%	0.01%	0.01%
	MCD	D	0.77%	0.5%	0.5%
	MCHP	F	0.15%	0.11%	0.11%
	MCK	A	0.17%	0.6%	0.17%
	MDLZ	F	0.34%	0.22%	0.22%
	MDT	D	0.43%	0.15%	0.15%
	MET	A	0.18%	0.08%	0.08%
	MGM	D	0.03%	0.01%	0.01%
	MKC	D	0.08%	0.01%	0.01%
	MKL	A	0.06%	0.14%	0.06%
	MKTX	C	0.04%	0.03%	0.03%
	MLM	B	0.14%	0.02%	0.02%
	MMC	C	0.37%	0.68%	0.37%
	MMM	D	0.23%	0.28%	0.23%
	MNST	D	0.03%	0.12%	0.03%
	MO	A	0.36%	0.06%	0.06%
	MOH	F	0.03%	0.14%	0.03%
	MOS	D	0.03%	0.03%	0.03%
	MPC	D	0.21%	0.31%	0.21%
	MRNA	F	0.06%	0.02%	0.02%
	MRO	A	0.06%	0.04%	0.04%
	MRVL	B	0.28%	0.02%	0.02%
	MS	A	0.54%	0.19%	0.19%
	MSCI	A	0.07%	0.01%	0.01%
	MSI	A	0.17%	0.64%	0.17%
	MSTR	B	0.15%	0.0%	0.0%
	MTB	A	0.13%	0.08%	0.08%
	MTCH	F	0.03%	0.01%	0.01%
	MTD	F	0.11%	0.01%	0.01%
	MU	D	0.47%	0.08%	0.08%
	NDAQ	A	0.12%	0.02%	0.02%
	NDSN	B	0.06%	0.01%	0.01%
	NEE	C	0.61%	0.09%	0.09%
	NEM	F	0.2%	0.2%	0.2%
	NI	A	0.06%	0.02%	0.02%
	NKE	D	0.13%	0.27%	0.13%
	NOC	D	0.28%	0.57%	0.28%
	NRG	B	0.05%	0.03%	0.03%
	NSC	B	0.24%	0.05%	0.05%
	NTAP	D	0.05%	0.16%	0.05%
	NTRS	A	0.08%	0.03%	0.03%
	NUE	D	0.15%	0.08%	0.08%
	NVR	D	0.11%	0.11%	0.11%
	NWSA	B	0.04%	0.01%	0.01%
	O	D	0.19%	0.04%	0.04%
	OC	A	0.06%	0.02%	0.02%
	OKE	A	0.24%	0.05%	0.05%
	OKTA	D	0.03%	0.0%	0.0%
	OMC	C	0.08%	0.07%	0.07%
	ON	F	0.12%	0.02%	0.02%
	ORLY	A	0.02%	0.25%	0.02%
	OTIS	D	0.16%	0.04%	0.04%
	OVV	C	0.04%	0.03%	0.03%
	OXY	F	0.13%	0.1%	0.1%
	PARA	C	0.03%	0.03%	0.03%
	PAYC	B	0.02%	0.04%	0.02%
	PAYX	B	0.12%	0.17%	0.12%
	PCAR	B	0.23%	0.06%	0.06%
	PCG	A	0.17%	0.06%	0.06%
	PEG	C	0.16%	0.04%	0.04%
	PEP	F	0.18%	1.03%	0.18%
	PFE	F	0.58%	0.34%	0.34%
	PFG	C	0.08%	0.03%	0.03%
	PG	C	1.18%	0.57%	0.57%
	PGR	B	0.09%	0.65%	0.09%
	PH	A	0.34%	0.04%	0.04%
	PHM	D	0.1%	0.11%	0.1%
	PKG	B	0.08%	0.09%	0.08%
	PLD	D	0.41%	0.08%	0.08%
	PM	A	0.75%	0.11%	0.11%
	PNC	A	0.31%	0.16%	0.16%
	PNR	A	0.07%	0.01%	0.01%
	PPG	F	0.11%	0.02%	0.02%
	PPL	A	0.09%	0.02%	0.02%
	PRU	A	0.17%	0.08%	0.08%
	PSA	C	0.17%	0.14%	0.14%
	PSTG	F	0.01%	0.0%	0.0%
	PSX	C	0.2%	0.14%	0.14%
	PTC	B	0.03%	0.18%	0.03%
	PWR	A	0.13%	0.02%	0.02%
	PYPL	A	0.33%	0.07%	0.07%
	QCOM	F	0.05%	0.57%	0.05%
	QRVO	F	0.03%	0.01%	0.01%
	RCL	A	0.13%	0.01%	0.01%
	REG	A	0.05%	0.01%	0.01%
	REGN	F	0.3%	0.27%	0.27%
	RF	A	0.09%	0.06%	0.06%
	RIVN	F	0.03%	0.01%	0.01%
	RJF	A	0.12%	0.03%	0.03%
	RMD	C	0.1%	0.1%	0.1%
	ROK	A	0.11%	0.09%	0.09%
	ROKU	D	0.03%	0.0%	0.0%
	ROP	C	0.23%	0.47%	0.23%
	ROST	D	0.14%	0.03%	0.03%
	RPM	A	0.05%	0.01%	0.01%
	RPRX	F	0.04%	0.01%	0.01%
	RS	B	0.07%	0.03%	0.03%
	RSG	B	0.17%	0.53%	0.17%
	RTX	D	0.63%	0.19%	0.19%
	RVTY	D	0.06%	0.02%	0.02%
	SBAC	D	0.09%	0.01%	0.01%
	SBUX	A	0.1%	0.06%	0.06%
	SCHW	A	0.38%	0.06%	0.06%
	SEIC	A	0.03%	0.03%	0.03%
	SHW	B	0.03%	0.26%	0.03%
	SJM	F	0.05%	0.02%	0.02%
	SLB	C	0.24%	0.05%	0.05%
	SNA	A	0.07%	0.06%	0.06%
	SO	C	0.37%	0.53%	0.37%
	SOLV	C	0.04%	0.06%	0.04%
	SPG	A	0.17%	0.03%	0.03%
	SPGI	C	0.6%	0.06%	0.06%
	SQ	A	0.09%	0.02%	0.02%
	SRE	A	0.22%	0.06%	0.06%
	SSNC	D	0.06%	0.02%	0.02%
	STE	D	0.08%	0.01%	0.01%
	STLD	B	0.09%	0.04%	0.04%
	STT	A	0.11%	0.06%	0.06%
	STZ	D	0.14%	0.02%	0.02%
	SUI	D	0.06%	0.01%	0.01%
	SW	A	0.1%	0.03%	0.03%
	SWK	F	0.05%	0.02%	0.02%
	SWKS	F	0.05%	0.05%	0.05%
	SYF	A	0.1%	0.06%	0.06%
	SYK	A	0.37%	0.05%	0.05%
	SYY	D	0.06%	0.05%	0.05%
	T	A	0.62%	0.66%	0.62%
	TAP	A	0.04%	0.02%	0.02%
	TDG	D	0.23%	0.01%	0.01%
	TDY	B	0.09%	0.22%	0.09%
	TECH	D	0.05%	0.0%	0.0%
	TER	F	0.01%	0.05%	0.01%
	TFC	A	0.23%	0.15%	0.15%
	TFX	F	0.04%	0.01%	0.01%
	TGT	D	0.27%	0.1%	0.1%
	TJX	A	0.21%	0.54%	0.21%
	TMO	D	0.81%	0.11%	0.11%
	TMUS	A	0.44%	0.76%	0.44%
	TRMB	A	0.07%	0.01%	0.01%
	TROW	A	0.1%	0.09%	0.09%
	TRU	D	0.07%	0.01%	0.01%
	TRV	A	0.23%	0.45%	0.23%
	TSN	A	0.06%	0.27%	0.06%
	TT	A	0.24%	0.26%	0.24%
	TTC	D	0.03%	0.03%	0.03%
	TTWO	A	0.11%	0.01%	0.01%
	TW	B	0.04%	0.07%	0.04%
	TWLO	A	0.05%	0.01%	0.01%
	TXN	C	0.68%	1.13%	0.68%
	TXT	D	0.06%	0.02%	0.02%
	TYL	B	0.02%	0.01%	0.01%
	UDR	C	0.06%	0.01%	0.01%
	UHAL	D	0.01%	0.01%	0.01%
	UHS	D	0.05%	0.02%	0.02%
	ULTA	D	0.01%	0.08%	0.01%
	UNH	B	2.03%	2.25%	2.03%
	UNP	D	0.3%	0.08%	0.08%
	UPS	C	0.37%	0.11%	0.11%
	URI	B	0.17%	0.04%	0.04%
	USB	B	0.3%	0.16%	0.16%
	UTHR	B	0.07%	0.11%	0.07%
	VICI	C	0.13%	0.04%	0.04%
	VLO	C	0.17%	0.14%	0.14%
	VLTO	D	0.05%	0.08%	0.05%
	VMC	B	0.11%	0.02%	0.02%
	VRSN	D	0.06%	0.22%	0.06%
	VRTX	C	0.26%	0.62%	0.26%
	VTR	C	0.1%	0.02%	0.02%
	VTRS	A	0.06%	0.05%	0.05%
	VZ	C	0.65%	0.77%	0.65%
	WAB	B	0.14%	0.02%	0.02%
	WAT	B	0.03%	0.07%	0.03%
	WBA	F	0.02%	0.07%	0.02%
	WBD	B	0.09%	0.11%	0.09%
	WDC	F	0.09%	0.02%	0.02%
	WEC	A	0.12%	0.28%	0.12%
	WELL	A	0.32%	0.04%	0.04%
	WFC	A	0.94%	0.46%	0.46%
	WLK	F	0.02%	0.01%	0.01%
	WMB	A	0.26%	0.14%	0.14%
	WMT	A	1.41%	0.93%	0.93%
	WPC	D	0.05%	0.01%	0.01%
	WRB	A	0.07%	0.12%	0.07%
	WSM	F	0.03%	0.06%	0.03%
	WSO	A	0.07%	0.06%	0.06%
	WST	C	0.04%	0.06%	0.04%
	WTRG	C	0.04%	0.01%	0.01%
	WTW	B	0.12%	0.15%	0.12%
	WY	D	0.09%	0.03%	0.03%
	WYNN	D	0.03%	0.0%	0.0%
	XEL	A	0.14%	0.19%	0.14%
	XOM	B	2.09%	0.81%	0.81%
	XYL	D	0.12%	0.01%	0.01%
	YUM	D	0.09%	0.19%	0.09%
	Z	A	0.04%	0.01%	0.01%
	ZBH	C	0.08%	0.02%	0.02%
	ZBRA	B	0.06%	0.01%	0.01%
	ZM	B	0.08%	0.01%	0.01%
	ZTS	D	0.05%	0.24%	0.05%

GVUS Overweight 352 Positions Relative to QUS

	Symbol	Grade	Weight
	UAL	A	0.11%
	IBKR	A	0.07%
	CW	B	0.06%
	COHR	B	0.06%
	RGA	A	0.06%
	USFD	B	0.06%
	THC	C	0.06%
	TOL	B	0.06%
	RBA	A	0.06%
	CVNA	A	0.06%
	RRX	B	0.05%
	ATR	B	0.05%
	TPR	A	0.05%
	BJ	B	0.05%
	NTNX	A	0.05%
	FTI	A	0.05%
	SCI	B	0.05%
	CASY	B	0.05%
	ITT	A	0.05%
	CACI	C	0.05%
	NVT	B	0.05%
	UNM	A	0.05%
	CLH	C	0.05%
	RNR	D	0.05%
	EWBC	A	0.05%
	PNFP	A	0.04%
	GMED	A	0.04%
	X	D	0.04%
	WCC	A	0.04%
	CMA	A	0.04%
	BRBR	A	0.04%
	JEF	A	0.04%
	DCI	B	0.04%
	ORI	A	0.04%
	RBC	A	0.04%
	GME	C	0.04%
	REXR	F	0.04%
	SNX	D	0.04%
	FRT	B	0.04%
	DTM	A	0.04%
	QGEN	D	0.04%
	WAL	A	0.04%
	GL	B	0.04%
	TTEK	D	0.04%
	WBS	A	0.04%
	AYI	A	0.04%
	RGLD	C	0.04%
	PRI	A	0.04%
	INGR	B	0.04%
	EHC	B	0.04%
	OHI	C	0.04%
	LAD	A	0.04%
	PNW	A	0.04%
	CIEN	B	0.04%
	ARMK	C	0.04%
	DOX	D	0.04%
	WWD	B	0.04%
	AFRM	A	0.04%
	ALSN	B	0.04%
	FHN	A	0.04%
	CUBE	C	0.04%
	EVR	A	0.04%
	BLD	F	0.04%
	AA	A	0.04%
	SOFI	A	0.04%
	PFGC	B	0.04%
	SF	A	0.04%
	COLD	F	0.03%
	MTG	C	0.03%
	IVZ	B	0.03%
	AXS	A	0.03%
	DOCS	C	0.03%
	HRB	D	0.03%
	RLI	A	0.03%
	AGNC	C	0.03%
	MAT	C	0.03%
	LSTR	D	0.03%
	FND	F	0.03%
	STAG	D	0.03%
	VMI	B	0.03%
	WH	A	0.03%
	WEX	F	0.03%
	ELAN	C	0.03%
	CGNX	D	0.03%
	GXO	B	0.03%
	GNTX	C	0.03%
	FCN	F	0.03%
	CHE	D	0.03%
	FR	D	0.03%
	ATI	D	0.03%
	SSD	D	0.03%
	PB	A	0.03%
	R	A	0.03%
	MKSI	D	0.03%
	VFC	B	0.03%
	KEX	A	0.03%
	ESAB	B	0.03%
	PR	C	0.03%
	MIDD	D	0.03%
	OSK	C	0.03%
	JAZZ	A	0.03%
	ADC	A	0.03%
	FMC	F	0.03%
	MTSI	B	0.03%
	MHK	D	0.03%
	SKX	D	0.03%
	RHI	B	0.03%
	SAIC	D	0.03%
	BERY	D	0.03%
	NNN	D	0.03%
	COKE	C	0.03%
	RRC	B	0.03%
	BWA	A	0.03%
	WTFC	A	0.03%
	FLS	A	0.03%
	VNO	B	0.03%
	KBR	D	0.03%
	G	A	0.03%
	CFR	A	0.03%
	LBRDK	B	0.03%
	VOYA	A	0.03%
	TKO	C	0.03%
	CBSH	A	0.03%
	SNV	A	0.03%
	HLI	A	0.03%
	AAL	B	0.03%
	LAMR	D	0.03%
	ZION	A	0.03%
	APG	C	0.03%
	FYBR	C	0.03%
	AR	B	0.03%
	LECO	C	0.03%
	OGE	A	0.03%
	RL	B	0.03%
	EGP	D	0.03%
	JLL	C	0.03%
	BRX	A	0.03%
	CR	A	0.03%
	GWRE	B	0.03%
	CZR	F	0.03%
	AXTA	A	0.03%
	BWXT	A	0.03%
	GPK	D	0.03%
	NYT	D	0.03%
	MTZ	B	0.03%
	DXC	C	0.02%
	GFS	C	0.02%
	IAC	D	0.02%
	MSM	C	0.02%
	HOG	D	0.02%
	OLED	F	0.02%
	FLO	D	0.02%
	NEU	C	0.02%
	CLF	F	0.02%
	NWL	B	0.02%
	KMPR	A	0.02%
	OGN	F	0.02%
	TPG	B	0.02%
	WTM	A	0.02%
	M	C	0.02%
	AN	D	0.02%
	GAP	C	0.02%
	GTES	B	0.02%
	SITE	D	0.02%
	DLB	D	0.02%
	EEFT	C	0.02%
	SLGN	B	0.02%
	AWI	A	0.02%
	AGO	A	0.02%
	RYN	D	0.02%
	DBX	C	0.02%
	CUZ	B	0.02%
	FRPT	B	0.02%
	SEE	B	0.02%
	AL	A	0.02%
	KRC	C	0.02%
	SON	D	0.02%
	OZK	A	0.02%
	ST	F	0.02%
	CROX	F	0.02%
	UGI	C	0.02%
	ROIV	D	0.02%
	SLM	A	0.02%
	BYD	A	0.02%
	HXL	F	0.02%
	AVT	C	0.02%
	WSC	F	0.02%
	TKR	F	0.02%
	PSN	C	0.02%
	OLN	F	0.02%
	LEA	F	0.02%
	SN	C	0.02%
	NFG	A	0.02%
	CRUS	F	0.02%
	POST	D	0.02%
	THO	B	0.02%
	SAIA	B	0.02%
	WMS	F	0.02%
	BC	D	0.02%
	LITE	A	0.02%
	THG	A	0.02%
	GNRC	B	0.02%
	JHG	A	0.02%
	AGCO	D	0.02%
	FNB	A	0.02%
	LFUS	D	0.02%
	IDA	A	0.02%
	BFAM	F	0.02%
	WHR	A	0.02%
	AMG	A	0.02%
	BILL	A	0.02%
	STWD	D	0.02%
	PVH	C	0.02%
	OLLI	D	0.02%
	BPOP	C	0.02%
	XP	F	0.02%
	MTDR	C	0.02%
	LNC	A	0.02%
	VNT	C	0.02%
	OMF	A	0.02%
	RGEN	D	0.02%
	KD	A	0.02%
	ONTO	F	0.02%
	S	B	0.02%
	COLB	A	0.02%
	MSA	D	0.02%
	SIRI	C	0.02%
	ESI	B	0.02%
	ARW	D	0.02%
	FAF	C	0.02%
	ALK	A	0.02%
	NOV	D	0.02%
	DAR	B	0.02%
	NCNO	B	0.01%
	DDS	B	0.01%
	REYN	D	0.01%
	SNDR	B	0.01%
	TRIP	D	0.01%
	LEG	F	0.01%
	QS	F	0.01%
	UA	B	0.01%
	WEN	C	0.01%
	EXEL	B	0.01%
	CRI	D	0.01%
	BIRK	F	0.01%
	CNXC	F	0.01%
	CLVT	F	0.01%
	VSTS	F	0.01%
	FTRE	D	0.01%
	ADTN	A	0.01%
	LCID	F	0.01%
	KSS	F	0.01%
	GO	C	0.01%
	PPC	B	0.01%
	LYFT	B	0.01%
	AZEK	B	0.01%
	SHC	D	0.01%
	UAA	B	0.01%
	ETSY	D	0.01%
	RKT	F	0.01%
	MP	B	0.01%
	BRKR	F	0.01%
	GLOB	C	0.01%
	RCM	A	0.01%
	AAP	D	0.01%
	YETI	F	0.01%
	CPRI	F	0.01%
	PINC	B	0.01%
	LPX	A	0.01%
	SAM	B	0.01%
	AZTA	F	0.01%
	JWN	A	0.01%
	IPGP	D	0.01%
	CNM	F	0.01%
	CWEN	D	0.01%
	HAYW	A	0.01%
	ENOV	C	0.01%
	HHH	B	0.01%
	AGR	A	0.01%
	BOKF	A	0.01%
	BROS	A	0.01%
	ALGM	F	0.01%
	CC	C	0.01%
	COLM	B	0.01%
	COTY	F	0.01%
	VIRT	A	0.01%
	SPB	C	0.01%
	EXP	B	0.01%
	CXT	D	0.01%
	PAG	A	0.01%
	MPW	F	0.01%
	WU	F	0.01%
	AMED	F	0.01%
	AMKR	F	0.01%
	SMG	D	0.01%
	PENN	B	0.01%
	MAN	F	0.01%
	PK	C	0.01%
	NXST	D	0.01%
	NSA	C	0.01%
	SPR	D	0.01%
	IRDM	C	0.01%
	VAC	B	0.01%
	HUN	F	0.01%
	MASI	A	0.01%
	EPR	D	0.01%
	BHF	A	0.01%
	ZG	A	0.01%
	LOPE	B	0.01%
	U	F	0.01%
	FHB	A	0.01%
	AM	A	0.01%
	NVST	C	0.01%
	PII	F	0.01%
	PRGO	C	0.01%
	W	F	0.01%
	NWS	A	0.01%
	MDU	D	0.01%
	ASH	F	0.01%
	TNL	A	0.01%
	XRAY	F	0.01%
	ACHC	F	0.01%
	ZI	D	0.01%
	RH	C	0.01%
	PLNT	A	0.01%
	HIW	D	0.01%
	MSGS	B	0.01%
	CIVI	F	0.01%
	DNB	B	0.01%
	SEG	B	0.0%
	UWMC	F	0.0%
	IONS	F	0.0%
	TXG	F	0.0%
	CACC	D	0.0%
	DJT	C	0.0%
	SEB	F	0.0%
	PATH	D	0.0%
	PYCR	C	0.0%
	HCP	B	0.0%
	FIVE	F	0.0%
	CAR	C	0.0%
	TFSL	A	0.0%
	CERT	F	0.0%
	LSCC	D	0.0%
	CNA	C	0.0%
	HAS	D	0.0%
	INFA	F	0.0%
	LBRDA	B	0.0%
	CWEN	D	0.0%
	MTN	C	0.0%
	DV	C	0.0%
	WOLF	F	0.0%

GVUS Underweight 100 Positions Relative to QUS

	Symbol	Grade	Weight
	AAPL	C	-3.19%
	NVDA	B	-2.8%
	MSFT	D	-2.68%
	META	C	-2.41%
	LLY	F	-2.09%
	V	A	-1.85%
	MA	A	-1.66%
	COST	B	-1.33%
	GOOGL	B	-1.22%
	GOOG	B	-1.13%
	ADBE	F	-0.69%
	AMZN	B	-0.69%
	AVGO	C	-0.63%
	ORCL	A	-0.54%
	WCN	A	-0.52%
	WM	B	-0.52%
	MRK	F	-0.48%
	ANET	C	-0.41%
	COR	B	-0.36%
	LRCX	F	-0.33%
	GDDY	A	-0.32%
	KLAC	F	-0.32%
	PANW	B	-0.31%
	SNPS	C	-0.29%
	CDNS	B	-0.29%
	TSLA	B	-0.27%
	NOW	B	-0.26%
	BAH	D	-0.24%
	CMG	B	-0.22%
	MCO	C	-0.21%
	ROL	A	-0.17%
	ERIE	F	-0.17%
	UBER	C	-0.17%
	ADSK	B	-0.16%
	VRSK	B	-0.15%
	WDAY	B	-0.15%
	ODFL	B	-0.14%
	NFLX	A	-0.13%
	IT	B	-0.13%
	LULU	C	-0.12%
	NBIX	D	-0.12%
	IDXX	F	-0.12%
	MPWR	F	-0.1%
	TPL	A	-0.09%
	VEEV	C	-0.09%
	TSCO	D	-0.09%
	HUBS	A	-0.08%
	DECK	A	-0.08%
	MANH	D	-0.07%
	MELI	D	-0.07%
	STX	D	-0.07%
	LPLA	A	-0.07%
	CRWD	B	-0.06%
	AMT	D	-0.04%
	INTU	A	-0.04%
	BX	A	-0.04%
	POOL	D	-0.04%
	ENPH	F	-0.03%
	TRGP	A	-0.03%
	NXPI	F	-0.03%
	SMCI	F	-0.03%
	ISRG	A	-0.03%
	CPAY	A	-0.02%
	ABNB	C	-0.02%
	EXPE	A	-0.02%
	EQH	B	-0.02%
	VST	A	-0.02%
	TTD	B	-0.01%
	ENTG	F	-0.01%
	LYV	A	-0.01%
	PLTR	A	-0.01%
	LII	B	-0.01%
	LVS	C	-0.01%
	VRT	A	-0.01%
	ARES	B	-0.01%
	DVA	C	-0.01%
	CLX	A	-0.01%
	BURL	C	-0.01%
	APP	A	-0.01%
	CELH	F	-0.0%
	IOT	B	-0.0%
	ZS	B	-0.0%
	TEAM	A	-0.0%
	NET	C	-0.0%
	RBLX	B	-0.0%
	MDB	C	-0.0%
	TOST	A	-0.0%
	DKNG	B	-0.0%
	BSY	D	-0.0%
	DDOG	B	-0.0%
	SNAP	D	-0.0%
	DT	C	-0.0%
	DOCU	A	-0.0%
	PODD	A	-0.0%
	HEI	A	-0.0%
	SNOW	C	-0.0%
	DXCM	C	-0.0%
	PINS	F	-0.0%
	HEI	A	-0.0%
	AXON	A	-0.0%

GVUS: Top Represented Industries & Keywords

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

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

QUS: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Chemical Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Cloud Computing Banking Insurance Products Mining IBD 50