IWB vs. QWLD ETF Comparison

Comparison of iShares Russell 1000 ETF (IWB) to SPDR MSCI World Quality Mix ETF (QWLD)

IWB

iShares Russell 1000 ETF

IWB Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 1000® Index (the "underlying index"), which measures the performance of large- and mid-capitalization sectors of the U.S. equity market.

Grade (RS Rating)

Last Trade

$331.42

Average Daily Volume

784,711

Number of Holdings ^*

1000

* 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

$129.17

Average Daily Volume

3,501

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

Performance

Period	IWB	QWLD
30 Days	4.06%	1.16%
60 Days	5.31%	-0.17%
90 Days	7.73%	0.84%
12 Months	33.82%	22.56%

574 Overlapping Holdings

	Symbol	Grade	Weight in IWB	Weight in QWLD	Overlap
	A	D	0.07%	0.06%	0.06%
	AAPL	B	6.04%	2.57%	2.57%
	ABBV	D	0.54%	0.16%	0.16%
	ABBV	D	0.54%	0.34%	0.34%
	ABNB	C	0.11%	0.01%	0.01%
	ABT	B	0.37%	0.09%	0.09%
	ACGL	D	0.07%	0.26%	0.07%
	ACI	C	0.01%	0.02%	0.01%
	ACM	A	0.03%	0.01%	0.01%
	ACN	B	0.41%	0.65%	0.41%
	ADBE	C	0.41%	0.42%	0.41%
	ADI	D	0.19%	0.04%	0.04%
	ADM	F	0.05%	0.05%	0.05%
	ADP	B	0.23%	0.26%	0.23%
	ADSK	B	0.12%	0.1%	0.1%
	AEE	A	0.04%	0.09%	0.04%
	AEP	D	0.09%	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%
	AGCO	D	0.01%	0.01%	0.01%
	AIG	B	0.09%	0.07%	0.07%
	AIZ	B	0.02%	0.08%	0.02%
	AJG	A	0.12%	0.19%	0.12%
	AKAM	F	0.02%	0.11%	0.02%
	ALB	C	0.02%	0.01%	0.01%
	ALGN	D	0.03%	0.0%	0.0%
	ALL	B	0.1%	0.08%	0.08%
	ALLE	D	0.02%	0.02%	0.02%
	ALLY	C	0.02%	0.02%	0.02%
	AMAT	F	0.26%	0.29%	0.26%
	AMCR	D	0.03%	0.08%	0.03%
	AMD	F	0.4%	0.03%	0.03%
	AME	A	0.08%	0.01%	0.01%
	AMGN	D	0.28%	0.16%	0.16%
	AMH	C	0.02%	0.0%	0.0%
	AMP	B	0.1%	0.09%	0.09%
	AMT	D	0.17%	0.02%	0.02%
	AMZN	C	3.48%	0.37%	0.37%
	ANET	C	0.18%	0.19%	0.18%
	ANSS	B	0.05%	0.0%	0.0%
	AON	A	0.14%	0.17%	0.14%
	AOS	D	0.02%	0.02%	0.02%
	APA	F	0.02%	0.02%	0.02%
	APD	A	0.13%	0.03%	0.03%
	APH	B	0.15%	0.43%	0.15%
	APO	A	0.16%	0.02%	0.02%
	APP	B	0.14%	0.0%	0.0%
	APTV	F	0.03%	0.01%	0.01%
	ARE	D	0.03%	0.01%	0.01%
	ARES	B	0.06%	0.0%	0.0%
	ATO	A	0.04%	0.01%	0.01%
	AVB	B	0.06%	0.01%	0.01%
	AVGO	D	1.38%	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	B	0.08%	0.0%	0.0%
	AXP	A	0.3%	0.06%	0.06%
	AZO	C	0.1%	0.28%	0.1%
	BA	D	0.18%	0.01%	0.01%
	BAC	A	0.59%	0.39%	0.39%
	BAH	F	0.04%	0.15%	0.04%
	BALL	D	0.03%	0.01%	0.01%
	BAX	F	0.03%	0.01%	0.01%
	BBWI	C	0.01%	0.0%	0.0%
	BBY	D	0.04%	0.06%	0.04%
	BDX	F	0.12%	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%
	BIO	D	0.01%	0.0%	0.0%
	BK	A	0.11%	0.05%	0.05%
	BKNG	B	0.31%	0.03%	0.03%
	BKR	C	0.08%	0.02%	0.02%
	BLDR	C	0.04%	0.05%	0.04%
	BLK	C	0.29%	0.25%	0.25%
	BMRN	F	0.02%	0.07%	0.02%
	BMY	B	0.21%	0.21%	0.21%
	BR	A	0.05%	0.04%	0.04%
	BRK.A	B	1.59%	0.73%	0.73%
	BRO	B	0.05%	0.14%	0.05%
	BSX	C	0.24%	0.02%	0.02%
	BSY	D	0.01%	0.01%	0.01%
	BURL	B	0.03%	0.01%	0.01%
	BX	B	0.24%	0.03%	0.03%
	BXP	D	0.02%	0.01%	0.01%
	C	A	0.24%	0.25%	0.24%
	CAG	D	0.02%	0.04%	0.02%
	CAH	B	0.05%	0.13%	0.05%
	CARR	C	0.12%	0.02%	0.02%
	CAT	B	0.35%	0.36%	0.35%
	CB	D	0.22%	0.4%	0.22%
	CBOE	B	0.04%	0.24%	0.04%
	CBRE	B	0.07%	0.03%	0.03%
	CCI	D	0.08%	0.01%	0.01%
	CCK	D	0.02%	0.01%	0.01%
	CCL	B	0.05%	0.01%	0.01%
	CDNS	B	0.15%	0.13%	0.13%
	CDW	F	0.04%	0.07%	0.04%
	CE	F	0.01%	0.01%	0.01%
	CEG	D	0.13%	0.02%	0.02%
	CF	B	0.03%	0.13%	0.03%
	CFG	B	0.04%	0.04%	0.04%
	CG	B	0.02%	0.01%	0.01%
	CHD	B	0.05%	0.19%	0.05%
	CHRD	F	0.01%	0.01%	0.01%
	CHRW	C	0.02%	0.01%	0.01%
	CHTR	C	0.07%	0.05%	0.05%
	CI	D	0.17%	0.18%	0.17%
	CINF	A	0.04%	0.02%	0.02%
	CL	D	0.14%	0.2%	0.14%
	CLX	C	0.04%	0.01%	0.01%
	CMCSA	C	0.3%	0.17%	0.17%
	CME	A	0.15%	0.16%	0.15%
	CMG	B	0.15%	0.14%	0.14%
	CMI	A	0.09%	0.1%	0.09%
	CMS	C	0.04%	0.05%	0.04%
	CNC	F	0.06%	0.05%	0.05%
	CNH	A	0.02%	0.01%	0.01%
	CNP	A	0.04%	0.01%	0.01%
	COF	B	0.13%	0.1%	0.1%
	COIN	B	0.11%	0.01%	0.01%
	COP	D	0.24%	0.1%	0.1%
	COR	C	0.07%	0.41%	0.07%
	COST	B	0.74%	0.76%	0.74%
	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%
	CRL	C	0.02%	0.0%	0.0%
	CRM	B	0.56%	0.06%	0.06%
	CRWD	B	0.14%	0.0%	0.0%
	CSCO	A	0.43%	1.03%	0.43%
	CSGP	C	0.05%	0.0%	0.0%
	CSL	B	0.04%	0.03%	0.03%
	CSX	B	0.13%	0.11%	0.11%
	CTAS	B	0.14%	0.14%	0.14%
	CTLT	B	0.02%	0.01%	0.01%
	CTRA	B	0.03%	0.02%	0.02%
	CTSH	B	0.07%	0.2%	0.07%
	CTVA	B	0.07%	0.04%	0.04%
	CVS	D	0.12%	0.16%	0.12%
	CVX	B	0.51%	0.33%	0.33%
	D	C	0.09%	0.06%	0.06%
	DAL	B	0.08%	0.01%	0.01%
	DASH	A	0.11%	0.01%	0.01%
	DAY	A	0.02%	0.0%	0.0%
	DD	D	0.06%	0.02%	0.02%
	DDOG	A	0.07%	0.0%	0.0%
	DE	B	0.19%	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	B	0.03%	0.11%	0.03%
	DHI	D	0.09%	0.1%	0.09%
	DHR	D	0.27%	0.05%	0.05%
	DINO	F	0.01%	0.05%	0.01%
	DIS	B	0.39%	0.1%	0.1%
	DKNG	C	0.03%	0.0%	0.0%
	DKS	C	0.02%	0.02%	0.02%
	DLR	A	0.11%	0.02%	0.02%
	DLTR	D	0.02%	0.01%	0.01%
	DOC	C	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	0.16%	0.36%	0.16%
	DVA	B	0.01%	0.01%	0.01%
	DVN	F	0.04%	0.03%	0.03%
	DXCM	C	0.06%	0.0%	0.0%
	EA	C	0.08%	0.2%	0.08%
	EBAY	C	0.06%	0.01%	0.01%
	ECL	D	0.11%	0.01%	0.01%
	ED	D	0.06%	0.35%	0.06%
	EFX	D	0.06%	0.01%	0.01%
	EG	C	0.03%	0.06%	0.03%
	EIX	A	0.06%	0.03%	0.03%
	EL	F	0.03%	0.01%	0.01%
	ELS	C	0.02%	0.0%	0.0%
	ELV	F	0.17%	0.21%	0.17%
	EME	B	0.04%	0.04%	0.04%
	EMN	D	0.02%	0.01%	0.01%
	EMR	A	0.13%	0.03%	0.03%
	ENPH	F	0.01%	0.01%	0.01%
	ENTG	D	0.03%	0.0%	0.0%
	EOG	C	0.14%	0.06%	0.06%
	EPAM	C	0.02%	0.02%	0.02%
	EQH	B	0.03%	0.01%	0.01%
	EQIX	A	0.16%	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	0.26%	0.03%	0.03%
	ETR	B	0.06%	0.03%	0.03%
	EVRG	A	0.03%	0.01%	0.01%
	EW	C	0.07%	0.07%	0.07%
	EXAS	F	0.02%	0.0%	0.0%
	EXC	D	0.07%	0.03%	0.03%
	EXPD	C	0.03%	0.04%	0.03%
	EXPE	B	0.04%	0.01%	0.01%
	EXR	C	0.06%	0.01%	0.01%
	F	C	0.08%	0.09%	0.08%
	FANG	F	0.06%	0.09%	0.06%
	FAST	B	0.09%	0.09%	0.09%
	FBIN	D	0.02%	0.0%	0.0%
	FCNCA	B	0.05%	0.11%	0.05%
	FCX	F	0.11%	0.02%	0.02%
	FDS	B	0.03%	0.03%	0.03%
	FDX	B	0.12%	0.07%	0.07%
	FE	D	0.04%	0.01%	0.01%
	FFIV	A	0.03%	0.16%	0.03%
	FI	A	0.22%	0.09%	0.09%
	FICO	B	0.1%	0.05%	0.05%
	FIS	D	0.09%	0.02%	0.02%
	FITB	B	0.06%	0.03%	0.03%
	FNF	B	0.03%	0.01%	0.01%
	FOX	B	0.01%	0.01%	0.01%
	FOXA	C	0.02%	0.01%	0.01%
	FSLR	F	0.04%	0.01%	0.01%
	FTNT	C	0.11%	0.01%	0.01%
	FTV	B	0.05%	0.01%	0.01%
	GD	F	0.14%	0.18%	0.14%
	GDDY	B	0.05%	0.25%	0.05%
	GE	D	0.36%	0.31%	0.31%
	GEHC	F	0.07%	0.02%	0.02%
	GEN	A	0.03%	0.12%	0.03%
	GEV	C	0.17%	0.02%	0.02%
	GGG	B	0.03%	0.03%	0.03%
	GILD	B	0.2%	0.24%	0.2%
	GIS	D	0.07%	0.33%	0.07%
	GLPI	B	0.02%	0.01%	0.01%
	GLW	B	0.07%	0.02%	0.02%
	GM	B	0.12%	0.19%	0.12%
	GOOG	C	1.58%	0.94%	0.94%
	GOOGL	C	1.87%	1.07%	1.07%
	GPC	D	0.03%	0.05%	0.03%
	GPN	C	0.06%	0.02%	0.02%
	GRMN	A	0.06%	0.05%	0.05%
	GS	B	0.35%	0.17%	0.17%
	GWW	A	0.09%	0.11%	0.09%
	H	A	0.01%	0.0%	0.0%
	HAL	C	0.05%	0.02%	0.02%
	HBAN	B	0.05%	0.03%	0.03%
	HCA	F	0.12%	0.04%	0.04%
	HD	A	0.75%	0.15%	0.15%
	HEI	B	0.02%	0.0%	0.0%
	HEI	B	0.03%	0.0%	0.0%
	HEI	B	0.02%	0.0%	0.0%
	HEI	B	0.03%	0.0%	0.0%
	HES	C	0.08%	0.01%	0.01%
	HIG	B	0.06%	0.03%	0.03%
	HII	F	0.01%	0.01%	0.01%
	HLT	A	0.11%	0.01%	0.01%
	HOLX	D	0.03%	0.01%	0.01%
	HON	B	0.28%	0.26%	0.26%
	HOOD	B	0.04%	0.0%	0.0%
	HPE	B	0.05%	0.04%	0.04%
	HPQ	B	0.07%	0.04%	0.04%
	HRL	D	0.02%	0.09%	0.02%
	HSIC	B	0.02%	0.01%	0.01%
	HST	C	0.02%	0.01%	0.01%
	HSY	F	0.05%	0.16%	0.05%
	HUBB	B	0.04%	0.04%	0.04%
	HUM	C	0.06%	0.15%	0.06%
	HWM	B	0.08%	0.01%	0.01%
	IBM	C	0.35%	0.46%	0.35%
	ICE	D	0.16%	0.03%	0.03%
	IDXX	F	0.06%	0.07%	0.06%
	IEX	B	0.03%	0.03%	0.03%
	IFF	D	0.04%	0.01%	0.01%
	ILMN	C	0.04%	0.0%	0.0%
	INCY	C	0.02%	0.15%	0.02%
	INTC	C	0.19%	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	C	0.02%	0.02%	0.02%
	IQV	F	0.06%	0.01%	0.01%
	IR	A	0.08%	0.01%	0.01%
	IRM	C	0.06%	0.01%	0.01%
	ISRG	C	0.34%	0.25%	0.25%
	IT	C	0.07%	0.03%	0.03%
	ITW	A	0.15%	0.13%	0.13%
	J	F	0.03%	0.01%	0.01%
	JBHT	C	0.03%	0.03%	0.03%
	JBL	C	0.03%	0.02%	0.02%
	JCI	C	0.1%	0.03%	0.03%
	JKHY	D	0.02%	0.07%	0.02%
	JNJ	D	0.69%	1.1%	0.69%
	JNPR	F	0.02%	0.12%	0.02%
	JPM	B	1.3%	0.6%	0.6%
	K	A	0.04%	0.23%	0.04%
	KDP	D	0.07%	0.14%	0.07%
	KEY	A	0.03%	0.02%	0.02%
	KEYS	B	0.05%	0.17%	0.05%
	KHC	D	0.05%	0.2%	0.05%
	KIM	A	0.03%	0.01%	0.01%
	KKR	B	0.19%	0.02%	0.02%
	KLAC	F	0.15%	0.14%	0.14%
	KMB	C	0.08%	0.11%	0.08%
	KMI	B	0.1%	0.04%	0.04%
	KMX	B	0.02%	0.02%	0.02%
	KNX	B	0.02%	0.01%	0.01%
	KO	D	0.44%	0.56%	0.44%
	KR	A	0.07%	0.31%	0.07%
	KVUE	A	0.08%	0.08%	0.08%
	L	B	0.03%	0.17%	0.03%
	LDOS	D	0.04%	0.01%	0.01%
	LEN	C	0.07%	0.09%	0.07%
	LEN	C	0.0%	0.09%	0.0%
	LH	B	0.04%	0.02%	0.02%
	LHX	C	0.09%	0.02%	0.02%
	LII	A	0.04%	0.0%	0.0%
	LIN	D	0.4%	0.06%	0.06%
	LKQ	D	0.02%	0.01%	0.01%
	LLY	F	1.1%	1.14%	1.1%
	LMT	D	0.21%	0.42%	0.21%
	LNG	B	0.09%	0.06%	0.06%
	LNT	A	0.03%	0.03%	0.03%
	LOW	C	0.28%	0.07%	0.07%
	LPLA	B	0.04%	0.05%	0.04%
	LRCX	F	0.17%	0.18%	0.17%
	LULU	C	0.07%	0.07%	0.07%
	LUV	B	0.04%	0.0%	0.0%
	LVS	C	0.03%	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	B	0.8%	0.71%	0.71%
	MAA	B	0.03%	0.01%	0.01%
	MANH	C	0.03%	0.04%	0.03%
	MAR	A	0.12%	0.01%	0.01%
	MAS	C	0.03%	0.01%	0.01%
	MCD	D	0.39%	0.42%	0.39%
	MCHP	F	0.06%	0.06%	0.06%
	MCK	C	0.15%	0.58%	0.15%
	MCO	A	0.14%	0.13%	0.13%
	MDLZ	F	0.16%	0.14%	0.14%
	MDT	D	0.21%	0.06%	0.06%
	MET	A	0.09%	0.05%	0.05%
	META	D	2.24%	2.11%	2.11%
	MGM	F	0.02%	0.01%	0.01%
	MKC	D	0.03%	0.01%	0.01%
	MKL	A	0.04%	0.13%	0.04%
	MKTX	D	0.02%	0.02%	0.02%
	MLM	B	0.07%	0.01%	0.01%
	MMC	A	0.2%	0.51%	0.2%
	MMM	D	0.13%	0.14%	0.13%
	MNST	B	0.07%	0.07%	0.07%
	MO	A	0.18%	0.04%	0.04%
	MOH	F	0.03%	0.06%	0.03%
	MOS	F	0.02%	0.02%	0.02%
	MPC	F	0.1%	0.17%	0.1%
	MPWR	F	0.05%	0.04%	0.04%
	MRK	F	0.45%	0.42%	0.42%
	MRNA	F	0.02%	0.01%	0.01%
	MRO	B	0.03%	0.02%	0.02%
	MRVL	B	0.14%	0.01%	0.01%
	MS	B	0.29%	0.12%	0.12%
	MSCI	C	0.08%	0.0%	0.0%
	MSFT	D	5.7%	2.3%	2.3%
	MSI	C	0.15%	0.65%	0.15%
	MSTR	C	0.1%	0.0%	0.0%
	MTB	B	0.07%	0.05%	0.05%
	MTCH	F	0.01%	0.0%	0.0%
	MU	D	0.2%	0.04%	0.04%
	NBIX	C	0.02%	0.11%	0.02%
	NDAQ	A	0.06%	0.01%	0.01%
	NDSN	B	0.03%	0.02%	0.02%
	NEE	D	0.29%	0.06%	0.06%
	NEM	F	0.09%	0.04%	0.04%
	NET	B	0.05%	0.0%	0.0%
	NFLX	B	0.65%	0.54%	0.54%
	NI	A	0.03%	0.01%	0.01%
	NKE	F	0.17%	0.17%	0.17%
	NOC	D	0.13%	0.32%	0.13%
	NOW	B	0.38%	0.01%	0.01%
	NRG	C	0.04%	0.02%	0.02%
	NSC	A	0.11%	0.03%	0.03%
	NTAP	C	0.04%	0.04%	0.04%
	NTRS	A	0.04%	0.02%	0.02%
	NUE	D	0.06%	0.04%	0.04%
	NVDA	C	6.14%	2.53%	2.53%
	NVR	D	0.05%	0.06%	0.05%
	NWSA	B	0.02%	0.01%	0.01%
	O	D	0.09%	0.02%	0.02%
	OC	B	0.03%	0.03%	0.03%
	ODFL	B	0.08%	0.08%	0.08%
	OKE	C	0.12%	0.03%	0.03%
	OKTA	C	0.02%	0.0%	0.0%
	OMC	C	0.03%	0.04%	0.03%
	ON	C	0.05%	0.01%	0.01%
	ORCL	C	0.53%	0.25%	0.25%
	ORLY	B	0.13%	0.24%	0.13%
	OTIS	C	0.07%	0.01%	0.01%
	OVV	C	0.02%	0.02%	0.02%
	OXY	F	0.06%	0.03%	0.03%
	PANW	C	0.22%	0.18%	0.18%
	PARA	C	0.01%	0.01%	0.01%
	PAYC	A	0.02%	0.02%	0.02%
	PAYX	B	0.08%	0.1%	0.08%
	PCAR	B	0.11%	0.11%	0.11%
	PCG	B	0.08%	0.03%	0.03%
	PEG	A	0.08%	0.02%	0.02%
	PEP	F	0.4%	0.77%	0.4%
	PFE	D	0.26%	0.18%	0.18%
	PFG	C	0.04%	0.02%	0.02%
	PG	A	0.74%	0.95%	0.74%
	PGR	A	0.28%	0.35%	0.28%
	PH	A	0.17%	0.02%	0.02%
	PHM	C	0.05%	0.06%	0.05%
	PINS	F	0.03%	0.0%	0.0%
	PKG	B	0.04%	0.04%	0.04%
	PLD	D	0.19%	0.04%	0.04%
	PLTR	B	0.24%	0.0%	0.0%
	PM	B	0.37%	0.07%	0.07%
	PNC	A	0.15%	0.1%	0.1%
	PNR	B	0.03%	0.03%	0.03%
	PODD	B	0.03%	0.0%	0.0%
	POOL	C	0.02%	0.03%	0.02%
	PPG	D	0.05%	0.01%	0.01%
	PPL	B	0.05%	0.01%	0.01%
	PRU	A	0.08%	0.05%	0.05%
	PSA	C	0.1%	0.09%	0.09%
	PSTG	D	0.03%	0.0%	0.0%
	PSX	C	0.1%	0.14%	0.1%
	PTC	A	0.04%	0.08%	0.04%
	PWR	A	0.09%	0.01%	0.01%
	PYPL	A	0.16%	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	B	0.1%	0.01%	0.01%
	REG	B	0.03%	0.01%	0.01%
	REGN	F	0.15%	0.31%	0.15%
	RF	B	0.04%	0.03%	0.03%
	RIVN	D	0.02%	0.0%	0.0%
	RJF	A	0.06%	0.02%	0.02%
	RMD	C	0.06%	0.05%	0.05%
	ROK	B	0.06%	0.06%	0.06%
	ROKU	D	0.02%	0.0%	0.0%
	ROL	B	0.03%	0.08%	0.03%
	ROP	B	0.11%	0.48%	0.11%
	ROST	C	0.09%	0.02%	0.02%
	RPM	A	0.03%	0.01%	0.01%
	RPRX	D	0.02%	0.01%	0.01%
	RS	B	0.03%	0.02%	0.02%
	RSG	A	0.08%	0.46%	0.08%
	RTX	D	0.29%	0.09%	0.09%
	RVTY	D	0.02%	0.01%	0.01%
	SBAC	D	0.04%	0.01%	0.01%
	SBUX	B	0.21%	0.04%	0.04%
	SCHW	A	0.22%	0.04%	0.04%
	SEIC	A	0.02%	0.02%	0.02%
	SHW	A	0.16%	0.14%	0.14%
	SJM	D	0.02%	0.07%	0.02%
	SLB	C	0.11%	0.03%	0.03%
	SMCI	D	0.02%	0.01%	0.01%
	SNA	A	0.03%	0.04%	0.03%
	SNOW	C	0.07%	0.0%	0.0%
	SNPS	B	0.15%	0.12%	0.12%
	SO	D	0.18%	0.46%	0.18%
	SOLV	C	0.02%	0.03%	0.02%
	SPG	C	0.11%	0.02%	0.02%
	SPGI	C	0.29%	0.04%	0.04%
	SQ	B	0.09%	0.02%	0.02%
	SRE	A	0.11%	0.04%	0.04%
	SSNC	A	0.03%	0.01%	0.01%
	STE	F	0.04%	0.01%	0.01%
	STLD	B	0.04%	0.02%	0.02%
	STT	A	0.05%	0.03%	0.03%
	STZ	D	0.07%	0.01%	0.01%
	SUI	D	0.03%	0.01%	0.01%
	SW	B	0.05%	0.03%	0.03%
	SWK	D	0.02%	0.01%	0.01%
	SWKS	F	0.02%	0.03%	0.02%
	SYF	A	0.05%	0.04%	0.04%
	SYK	C	0.26%	0.03%	0.03%
	SYY	C	0.07%	0.03%	0.03%
	T	A	0.3%	0.39%	0.3%
	TAP	C	0.02%	0.01%	0.01%
	TDG	D	0.13%	0.01%	0.01%
	TDY	B	0.04%	0.06%	0.04%
	TECH	C	0.02%	0.0%	0.0%
	TER	F	0.03%	0.02%	0.02%
	TFC	B	0.11%	0.09%	0.09%
	TFX	F	0.02%	0.0%	0.0%
	TGT	F	0.13%	0.15%	0.13%
	TJX	A	0.25%	0.35%	0.25%
	TMO	F	0.36%	0.06%	0.06%
	TMUS	A	0.21%	0.76%	0.21%
	TOST	B	0.03%	0.0%	0.0%
	TPL	B	0.05%	0.06%	0.05%
	TRGP	B	0.08%	0.04%	0.04%
	TRMB	B	0.03%	0.01%	0.01%
	TROW	A	0.05%	0.05%	0.05%
	TRU	D	0.03%	0.01%	0.01%
	TRV	B	0.11%	0.3%	0.11%
	TSCO	C	0.05%	0.06%	0.05%
	TSLA	B	1.65%	0.16%	0.16%
	TSN	B	0.03%	0.15%	0.03%
	TT	B	0.17%	0.15%	0.15%
	TTC	D	0.02%	0.02%	0.02%
	TTD	B	0.1%	0.0%	0.0%
	TTWO	B	0.06%	0.01%	0.01%
	TW	B	0.03%	0.0%	0.0%
	TWLO	B	0.03%	0.01%	0.01%
	TXN	D	0.34%	0.48%	0.34%
	TXT	D	0.03%	0.01%	0.01%
	TYL	A	0.05%	0.0%	0.0%
	UBER	D	0.27%	0.01%	0.01%
	UDR	B	0.03%	0.0%	0.0%
	UHAL	D	0.0%	0.0%	0.0%
	UHAL	D	0.01%	0.0%	0.0%
	UHS	D	0.02%	0.01%	0.01%
	ULTA	F	0.03%	0.06%	0.03%
	UNH	B	1.01%	1.35%	1.01%
	UNP	C	0.27%	0.26%	0.26%
	UPS	C	0.18%	0.07%	0.07%
	URI	B	0.1%	0.02%	0.02%
	USB	A	0.14%	0.09%	0.09%
	UTHR	C	0.03%	0.15%	0.03%
	V	A	0.9%	1.21%	0.9%
	VEEV	B	0.06%	0.05%	0.05%
	VICI	C	0.06%	0.02%	0.02%
	VLO	C	0.08%	0.08%	0.08%
	VLTO	C	0.05%	0.05%	0.05%
	VMC	B	0.07%	0.01%	0.01%
	VRSK	A	0.07%	0.01%	0.01%
	VRSN	F	0.03%	0.14%	0.03%
	VRT	B	0.08%	0.0%	0.0%
	VRTX	D	0.22%	0.43%	0.22%
	VST	B	0.09%	0.01%	0.01%
	VTR	D	0.05%	0.01%	0.01%
	VTRS	B	0.03%	0.03%	0.03%
	VZ	B	0.32%	0.58%	0.32%
	WAB	B	0.06%	0.01%	0.01%
	WAT	B	0.04%	0.04%	0.04%
	WBA	D	0.01%	0.04%	0.01%
	WBD	C	0.04%	0.07%	0.04%
	WDAY	C	0.1%	0.04%	0.04%
	WDC	C	0.04%	0.01%	0.01%
	WEC	A	0.06%	0.2%	0.06%
	WELL	C	0.15%	0.02%	0.02%
	WFC	A	0.48%	0.28%	0.28%
	WLK	D	0.01%	0.0%	0.0%
	WM	A	0.16%	0.52%	0.16%
	WMB	B	0.13%	0.19%	0.13%
	WMT	B	0.68%	0.76%	0.68%
	WPC	D	0.02%	0.01%	0.01%
	WRB	A	0.03%	0.14%	0.03%
	WSM	B	0.03%	0.03%	0.03%
	WSO	A	0.03%	0.03%	0.03%
	WST	C	0.04%	0.04%	0.04%
	WTRG	B	0.02%	0.01%	0.01%
	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	C	0.99%	0.47%	0.47%
	XYL	D	0.05%	0.01%	0.01%
	YUM	B	0.07%	0.15%	0.07%
	Z	B	0.02%	0.0%	0.0%
	ZBH	C	0.04%	0.01%	0.01%
	ZBRA	A	0.04%	0.01%	0.01%
	ZM	B	0.04%	0.01%	0.01%
	ZTS	D	0.15%	0.15%	0.15%

IWB Overweight 429 Positions Relative to QWLD

	Symbol	Grade	Weight
	CRH	A	0.12%
	TEAM	B	0.07%
	FERG	B	0.07%
	HUBS	B	0.06%
	MTD	F	0.05%
	CVNA	B	0.05%
	CPNG	D	0.05%
	ALNY	D	0.05%
	UAL	B	0.05%
	COO	D	0.04%
	MDB	C	0.04%
	EXE	B	0.04%
	SOFI	B	0.03%
	SAIA	C	0.03%
	EWBC	B	0.03%
	THC	D	0.03%
	CASY	B	0.03%
	USFD	A	0.03%
	RGA	A	0.03%
	TOL	A	0.03%
	FIX	A	0.03%
	GWRE	B	0.03%
	NTRA	B	0.03%
	FWONK	A	0.03%
	XPO	B	0.03%
	NTNX	B	0.03%
	ZS	C	0.03%
	IBKR	B	0.03%
	CFR	B	0.02%
	G	B	0.02%
	CNM	D	0.02%
	EGP	D	0.02%
	RL	B	0.02%
	PLNT	B	0.02%
	HRB	D	0.02%
	VOYA	B	0.02%
	MTZ	B	0.02%
	WTFC	B	0.02%
	CHE	D	0.02%
	GPK	C	0.02%
	CR	B	0.02%
	LNW	D	0.02%
	FYBR	D	0.02%
	GLOB	B	0.02%
	NYT	C	0.02%
	CBSH	B	0.02%
	ITCI	C	0.02%
	PEN	C	0.02%
	BILL	A	0.02%
	HAS	D	0.02%
	PCTY	B	0.02%
	SNX	C	0.02%
	ZION	B	0.02%
	OGE	A	0.02%
	AR	B	0.02%
	RBC	B	0.02%
	BRX	A	0.02%
	REXR	F	0.02%
	WCC	B	0.02%
	GMED	A	0.02%
	MORN	A	0.02%
	AAON	B	0.02%
	AXTA	A	0.02%
	RGLD	D	0.02%
	DCI	A	0.02%
	CMA	A	0.02%
	TPX	A	0.02%
	WMS	F	0.02%
	FRT	A	0.02%
	ORI	A	0.02%
	BRBR	B	0.02%
	TKO	B	0.02%
	INGR	B	0.02%
	WING	F	0.02%
	AAL	B	0.02%
	SRPT	F	0.02%
	HLI	A	0.02%
	PNFP	B	0.02%
	WAL	B	0.02%
	CHDN	B	0.02%
	EHC	B	0.02%
	GL	C	0.02%
	PR	C	0.02%
	DOX	D	0.02%
	LBRDK	C	0.02%
	ARMK	A	0.02%
	OHI	D	0.02%
	EXEL	A	0.02%
	MUSA	B	0.02%
	EXP	B	0.02%
	CIEN	B	0.02%
	NLY	B	0.02%
	GME	C	0.02%
	DTM	B	0.02%
	AYI	B	0.02%
	KNSL	B	0.02%
	ALSN	B	0.02%
	PRI	A	0.02%
	WWD	B	0.02%
	LAD	B	0.02%
	CACI	D	0.02%
	WBS	B	0.02%
	PNW	B	0.02%
	CAVA	C	0.02%
	CUBE	D	0.02%
	GNRC	B	0.02%
	EVR	B	0.02%
	FND	C	0.02%
	TTEK	F	0.02%
	AA	A	0.02%
	ATR	B	0.02%
	BLD	C	0.02%
	LAMR	C	0.02%
	RRX	A	0.02%
	DUOL	B	0.02%
	FHN	B	0.02%
	OWL	B	0.02%
	NCLH	B	0.02%
	SF	B	0.02%
	LECO	C	0.02%
	BJ	B	0.02%
	BWXT	B	0.02%
	NVT	B	0.02%
	SCI	A	0.02%
	FTI	A	0.02%
	COHR	C	0.02%
	JLL	B	0.02%
	ITT	A	0.02%
	UNM	A	0.02%
	CLH	B	0.02%
	PFGC	A	0.02%
	JEF	A	0.02%
	TPR	A	0.02%
	TXRH	A	0.02%
	AFRM	B	0.02%
	RNR	C	0.02%
	CW	B	0.02%
	APLS	D	0.01%
	CACC	D	0.01%
	FIVN	C	0.01%
	CC	C	0.01%
	COTY	F	0.01%
	AMKR	F	0.01%
	PAG	B	0.01%
	AMED	F	0.01%
	ECG	C	0.01%
	COLM	A	0.01%
	MAN	D	0.01%
	TDC	D	0.01%
	VIRT	B	0.01%
	NSA	C	0.01%
	SAM	C	0.01%
	LLYVK	A	0.01%
	PK	B	0.01%
	SNRE	D	0.01%
	RNG	B	0.01%
	WU	D	0.01%
	AMTM	D	0.01%
	ZI	C	0.01%
	WEN	D	0.01%
	EPR	D	0.01%
	PENN	C	0.01%
	YETI	C	0.01%
	SMG	C	0.01%
	VAC	B	0.01%
	HUN	F	0.01%
	BHF	B	0.01%
	ZG	B	0.01%
	NCNO	B	0.01%
	PII	F	0.01%
	NVST	C	0.01%
	IAC	D	0.01%
	ACHC	F	0.01%
	HIW	D	0.01%
	FHB	B	0.01%
	IRDM	C	0.01%
	SPR	D	0.01%
	XRAY	F	0.01%
	TNL	A	0.01%
	W	D	0.01%
	PRGO	C	0.01%
	NWS	B	0.01%
	DNB	B	0.01%
	NWL	A	0.01%
	DXC	B	0.01%
	NEU	C	0.01%
	MDU	F	0.01%
	ASH	F	0.01%
	RARE	F	0.01%
	MSM	C	0.01%
	LINE	F	0.01%
	PEGA	A	0.01%
	OGN	F	0.01%
	FLO	C	0.01%
	DLB	B	0.01%
	HOG	F	0.01%
	MSGS	B	0.01%
	GFS	C	0.01%
	GTES	A	0.01%
	M	D	0.01%
	CHH	A	0.01%
	AN	B	0.01%
	GAP	C	0.01%
	SLGN	A	0.01%
	RYN	C	0.01%
	PSN	D	0.01%
	KRC	C	0.01%
	KMPR	B	0.01%
	EEFT	B	0.01%
	CELH	F	0.01%
	RH	B	0.01%
	AGO	A	0.01%
	TKR	D	0.01%
	LOPE	B	0.01%
	CUZ	B	0.01%
	FIVE	D	0.01%
	OLN	F	0.01%
	HCP	B	0.01%
	ROIV	B	0.01%
	ST	F	0.01%
	WTM	A	0.01%
	BYD	B	0.01%
	AVT	C	0.01%
	HXL	D	0.01%
	AL	A	0.01%
	APPF	B	0.01%
	SON	D	0.01%
	UGI	A	0.01%
	U	C	0.01%
	CIVI	D	0.01%
	BROS	B	0.01%
	OZK	B	0.01%
	INSP	D	0.01%
	AM	B	0.01%
	CLF	F	0.01%
	VNOM	B	0.01%
	VKTX	F	0.01%
	NXST	C	0.01%
	CCCS	A	0.01%
	SEE	C	0.01%
	IONS	F	0.01%
	LEA	F	0.01%
	POST	B	0.01%
	TPG	B	0.01%
	CRUS	F	0.01%
	NFG	B	0.01%
	SLM	B	0.01%
	RITM	C	0.01%
	PATH	C	0.01%
	VVV	F	0.01%
	LITE	B	0.01%
	BC	C	0.01%
	BRKR	F	0.01%
	THO	B	0.01%
	JHG	A	0.01%
	ETSY	D	0.01%
	OLLI	C	0.01%
	LFUS	D	0.01%
	IDA	B	0.01%
	PVH	C	0.01%
	THG	C	0.01%
	STWD	C	0.01%
	VNT	C	0.01%
	WFRD	F	0.01%
	CROX	F	0.01%
	BFAM	F	0.01%
	AMG	B	0.01%
	WHR	B	0.01%
	LAZ	B	0.01%
	FNB	B	0.01%
	DOCS	C	0.01%
	ARW	D	0.01%
	LNC	B	0.01%
	COLD	F	0.01%
	FOUR	B	0.01%
	MAT	D	0.01%
	ESI	B	0.01%
	LYFT	C	0.01%
	SAIC	F	0.01%
	KD	B	0.01%
	COLB	B	0.01%
	NOV	C	0.01%
	MTG	B	0.01%
	ELF	C	0.01%
	SITE	C	0.01%
	WSC	D	0.01%
	OMF	A	0.01%
	SIRI	C	0.01%
	IVZ	B	0.01%
	LSTR	B	0.01%
	MSA	C	0.01%
	DBX	C	0.01%
	CFLT	B	0.01%
	AZPN	A	0.01%
	AWI	B	0.01%
	HR	B	0.01%
	AZEK	B	0.01%
	VMI	A	0.01%
	FAF	B	0.01%
	SN	D	0.01%
	AXS	A	0.01%
	BPOP	B	0.01%
	STAG	D	0.01%
	LSCC	D	0.01%
	FMC	D	0.01%
	MTN	C	0.01%
	MTDR	C	0.01%
	DAR	C	0.01%
	GXO	B	0.01%
	ELAN	F	0.01%
	CGNX	C	0.01%
	MTSI	B	0.01%
	FCN	D	0.01%
	ALK	A	0.01%
	R	B	0.01%
	FR	C	0.01%
	ATI	D	0.01%
	MASI	A	0.01%
	MKSI	C	0.01%
	FRPT	B	0.01%
	ESTC	C	0.01%
	RGEN	D	0.01%
	GNTX	C	0.01%
	OSK	B	0.01%
	ESAB	B	0.01%
	GTLB	C	0.01%
	AGNC	D	0.01%
	VFC	C	0.01%
	LPX	B	0.01%
	S	B	0.01%
	MIDD	B	0.01%
	VNO	B	0.01%
	CART	C	0.01%
	PCOR	B	0.01%
	RYAN	A	0.01%
	WH	A	0.01%
	MHK	D	0.01%
	RLI	A	0.01%
	COKE	C	0.01%
	TREX	C	0.01%
	KEX	B	0.01%
	PB	B	0.01%
	SMAR	A	0.01%
	JAZZ	B	0.01%
	ADC	B	0.01%
	WEX	F	0.01%
	RHI	C	0.01%
	OLED	F	0.01%
	SSD	C	0.01%
	ONTO	F	0.01%
	BERY	B	0.01%
	NNN	D	0.01%
	RRC	B	0.01%
	MEDP	F	0.01%
	FLS	A	0.01%
	SKX	D	0.01%
	SNV	B	0.01%
	CZR	D	0.01%
	X	C	0.01%
	KBR	F	0.01%
	BWA	C	0.01%
	APG	B	0.01%
	PLTK	B	0.0%
	SEG	B	0.0%
	PARAA	C	0.0%
	GRAL	C	0.0%
	UWMC	F	0.0%
	SEB	F	0.0%
	NFE	D	0.0%
	WOLF	F	0.0%
	LOAR	B	0.0%
	TFSL	B	0.0%
	CWEN	C	0.0%
	AS	B	0.0%
	CERT	D	0.0%
	PYCR	C	0.0%
	CNA	B	0.0%
	LLYVA	A	0.0%
	DDS	B	0.0%
	UI	A	0.0%
	SNDR	B	0.0%
	TXG	F	0.0%
	TRIP	F	0.0%
	LBRDA	C	0.0%
	REYN	D	0.0%
	INFA	D	0.0%
	DJT	C	0.0%
	LEG	D	0.0%
	GO	C	0.0%
	QS	F	0.0%
	CNXC	F	0.0%
	UA	C	0.0%
	CLVT	F	0.0%
	FTRE	C	0.0%
	CAR	C	0.0%
	BIRK	C	0.0%
	FWONA	A	0.0%
	RKT	F	0.0%
	ALAB	B	0.0%
	QDEL	F	0.0%
	VSTS	C	0.0%
	UAA	C	0.0%
	CRI	F	0.0%
	KSS	F	0.0%
	LCID	F	0.0%
	PPC	C	0.0%
	LBTYA	A	0.0%
	LBTYK	A	0.0%
	SHC	F	0.0%
	RCM	F	0.0%
	IPGP	D	0.0%
	ADT	B	0.0%
	AAP	C	0.0%
	AZTA	D	0.0%
	CWEN	C	0.0%
	HAYW	B	0.0%
	PINC	B	0.0%
	ALGM	D	0.0%
	SPB	C	0.0%
	MP	A	0.0%
	CPRI	F	0.0%
	JWN	A	0.0%
	AGR	B	0.0%
	MPW	F	0.0%
	ENOV	C	0.0%
	BOKF	B	0.0%
	DV	C	0.0%
	HHH	B	0.0%
	CXT	B	0.0%

IWB Underweight 40 Positions Relative to QWLD

	Symbol	Grade	Weight
	NVS	F	-0.79%
	UL	D	-0.27%
	WCN	A	-0.27%
	HSBH	B	-0.25%
	MFG	B	-0.24%
	CHKP	D	-0.17%
	TM	D	-0.15%
	MUFG	B	-0.14%
	ERIE	D	-0.12%
	TD	F	-0.12%
	E	F	-0.12%
	BCS	B	-0.11%
	DEO	F	-0.11%
	CNI	D	-0.1%
	SMFG	A	-0.1%
	LYG	D	-0.09%
	SONY	B	-0.08%
	STLA	F	-0.08%
	HMC	F	-0.07%
	LOGI	D	-0.06%
	BTI	B	-0.05%
	MT	C	-0.05%
	NXPI	D	-0.02%
	NMR	B	-0.02%
	AER	A	-0.02%
	MBAVU	D	-0.01%
	STX	D	-0.01%
	CCEP	B	-0.01%
	WFG	C	-0.01%
	SE	B	-0.01%
	CRBG	B	-0.01%
	MELI	C	-0.01%
	GLBE	A	-0.0%
	IOT	B	-0.0%
	XRX	F	-0.0%
	SNAP	C	-0.0%
	FUTU	D	-0.0%
	GRAB	B	-0.0%
	QGEN	D	-0.0%
	OTEX	F	-0.0%

IWB: Top Represented Industries & Keywords

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

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

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