IWD vs. QUS ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to SPDR MSCI USA Quality Mix ETF (QUS)

IWD

iShares Russell 1000 Value ETF

IWD Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. 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 Value Index (the "underlying index"), which measures the performance of large- and mid-capitalization value sectors of the U.S. equity market. It is a subset of the Russell 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$189.20

Average Daily Volume

1,608,024

Number of Holdings ^*

863

* 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

$156.84

Average Daily Volume

23,407

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

Performance

Period	IWD	QUS
30 Days	3.42%	2.08%
60 Days	5.20%	4.77%
90 Days	8.20%	6.12%
12 Months	22.86%	28.73%

480 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in QUS	Overlap
	A	C	0.16%	0.12%	0.12%
	ABBV	C	0.79%	0.59%	0.59%
	ABT	C	0.82%	0.16%	0.16%
	ACGL	C	0.16%	0.42%	0.16%
	ACI	F	0.03%	0.03%	0.03%
	ACM	B	0.05%	0.01%	0.01%
	ACN	C	0.89%	1.19%	0.89%
	ADI	C	0.45%	0.15%	0.15%
	ADM	D	0.12%	0.09%	0.09%
	ADP	B	0.03%	0.51%	0.03%
	AEE	C	0.09%	0.1%	0.09%
	AEP	C	0.22%	0.21%	0.21%
	AES	C	0.05%	0.02%	0.02%
	AFG	B	0.04%	0.15%	0.04%
	AFL	C	0.25%	0.21%	0.21%
	AIG	D	0.2%	0.12%	0.12%
	AIZ	B	0.04%	0.11%	0.04%
	AJG	D	0.24%	0.47%	0.24%
	AKAM	D	0.06%	0.17%	0.06%
	ALB	D	0.04%	0.02%	0.02%
	ALGN	D	0.03%	0.01%	0.01%
	ALL	B	0.17%	0.06%	0.06%
	ALLE	B	0.05%	0.04%	0.04%
	ALLY	F	0.03%	0.02%	0.02%
	ALNY	C	0.02%	0.08%	0.02%
	AMAT	D	0.05%	0.55%	0.05%
	AMCR	B	0.06%	0.02%	0.02%
	AMD	D	0.34%	0.07%	0.07%
	AME	C	0.16%	0.02%	0.02%
	AMGN	B	0.16%	0.33%	0.16%
	AMH	C	0.06%	0.01%	0.01%
	AMP	A	0.02%	0.03%	0.02%
	ANSS	D	0.11%	0.01%	0.01%
	AON	B	0.28%	0.2%	0.2%
	AOS	D	0.04%	0.03%	0.03%
	APA	F	0.04%	0.05%	0.04%
	APD	B	0.26%	0.04%	0.04%
	APH	D	0.13%	0.66%	0.13%
	APO	C	0.06%	0.02%	0.02%
	APTV	D	0.08%	0.03%	0.03%
	ARE	C	0.09%	0.02%	0.02%
	ATO	B	0.08%	0.04%	0.04%
	AVB	B	0.13%	0.02%	0.02%
	AVTR	B	0.07%	0.01%	0.01%
	AVY	C	0.04%	0.01%	0.01%
	AWK	B	0.12%	0.02%	0.02%
	AXP	B	0.37%	0.1%	0.1%
	AZO	D	0.02%	0.37%	0.02%
	BA	F	0.31%	0.03%	0.03%
	BAC	D	1.06%	0.59%	0.59%
	BALL	C	0.08%	0.02%	0.02%
	BAX	C	0.08%	0.03%	0.03%
	BBWI	F	0.02%	0.01%	0.01%
	BBY	C	0.09%	0.1%	0.09%
	BDX	D	0.27%	0.26%	0.26%
	BEN	F	0.02%	0.01%	0.01%
	BG	D	0.06%	0.05%	0.05%
	BIIB	F	0.12%	0.03%	0.03%
	BIO	C	0.03%	0.01%	0.01%
	BK	B	0.21%	0.08%	0.08%
	BKNG	C	0.03%	0.03%	0.03%
	BKR	C	0.13%	0.03%	0.03%
	BLDR	C	0.08%	0.08%	0.08%
	BLK	B	0.53%	0.4%	0.4%
	BMRN	F	0.06%	0.11%	0.06%
	BMY	C	0.4%	0.31%	0.31%
	BR	D	0.01%	0.03%	0.01%
	BRK.A	C	3.32%	1.07%	1.07%
	BRO	C	0.06%	0.01%	0.01%
	BSX	B	0.5%	0.04%	0.04%
	BXP	B	0.05%	0.02%	0.02%
	C	C	0.45%	0.38%	0.38%
	CAG	C	0.06%	0.02%	0.02%
	CAH	C	0.05%	0.12%	0.05%
	CARR	B	0.26%	0.04%	0.04%
	CAT	B	0.59%	0.58%	0.58%
	CB	B	0.47%	0.66%	0.47%
	CBOE	C	0.09%	0.31%	0.09%
	CBRE	A	0.15%	0.04%	0.04%
	CCI	C	0.21%	0.03%	0.03%
	CCK	A	0.04%	0.02%	0.02%
	CCL	C	0.07%	0.01%	0.01%
	CDW	D	0.06%	0.25%	0.06%
	CE	F	0.04%	0.02%	0.02%
	CEG	C	0.21%	0.03%	0.03%
	CF	C	0.06%	0.03%	0.03%
	CFG	C	0.07%	0.06%	0.06%
	CG	D	0.04%	0.01%	0.01%
	CHD	D	0.1%	0.14%	0.1%
	CHK	D	0.04%	0.03%	0.03%
	CHRD	F	0.03%	0.02%	0.02%
	CHRW	B	0.05%	0.02%	0.02%
	CHTR	D	0.13%	0.08%	0.08%
	CI	C	0.37%	0.27%	0.27%
	CINF	B	0.08%	0.03%	0.03%
	CL	D	0.16%	0.19%	0.16%
	CMCSA	D	0.62%	0.4%	0.4%
	CME	C	0.32%	0.22%	0.22%
	CMI	C	0.17%	0.14%	0.14%
	CMS	C	0.08%	0.09%	0.08%
	CNC	D	0.16%	0.11%	0.11%
	CNH	D	0.04%	0.02%	0.02%
	CNP	C	0.07%	0.02%	0.02%
	COF	B	0.21%	0.13%	0.13%
	COIN	F	0.02%	0.01%	0.01%
	COP	D	0.49%	0.16%	0.16%
	CPB	C	0.04%	0.14%	0.04%
	CPRT	D	0.01%	0.13%	0.01%
	CPT	B	0.05%	0.01%	0.01%
	CRL	F	0.04%	0.01%	0.01%
	CRM	D	0.15%	0.09%	0.09%
	CSCO	C	0.82%	1.19%	0.82%
	CSGP	D	0.13%	0.01%	0.01%
	CSL	B	0.07%	0.01%	0.01%
	CSX	D	0.27%	0.05%	0.05%
	CTAS	B	0.01%	0.23%	0.01%
	CTLT	B	0.04%	0.01%	0.01%
	CTRA	D	0.07%	0.03%	0.03%
	CTSH	C	0.16%	0.4%	0.16%
	CTVA	B	0.16%	0.17%	0.16%
	CVS	D	0.3%	0.32%	0.3%
	CVX	D	0.98%	0.49%	0.49%
	D	C	0.2%	0.14%	0.14%
	DAL	C	0.12%	0.01%	0.01%
	DASH	C	0.02%	0.01%	0.01%
	DAY	D	0.03%	0.0%	0.0%
	DD	B	0.14%	0.04%	0.04%
	DE	B	0.41%	0.11%	0.11%
	DELL	D	0.1%	0.05%	0.05%
	DFS	B	0.13%	0.06%	0.06%
	DG	F	0.08%	0.02%	0.02%
	DGX	B	0.07%	0.06%	0.06%
	DHI	B	0.23%	0.23%	0.23%
	DHR	B	0.74%	0.1%	0.1%
	DINO	F	0.03%	0.03%	0.03%
	DIS	D	0.67%	0.14%	0.14%
	DKS	D	0.05%	0.02%	0.02%
	DLR	B	0.21%	0.03%	0.03%
	DLTR	F	0.06%	0.02%	0.02%
	DOC	C	0.07%	0.01%	0.01%
	DOV	B	0.1%	0.02%	0.02%
	DOW	D	0.14%	0.07%	0.07%
	DPZ	F	0.04%	0.06%	0.04%
	DRI	B	0.04%	0.01%	0.01%
	DTE	C	0.11%	0.1%	0.1%
	DUK	C	0.37%	0.64%	0.37%
	DVN	F	0.1%	0.04%	0.04%
	EA	D	0.16%	0.29%	0.16%
	EBAY	B	0.13%	0.02%	0.02%
	ECL	B	0.03%	0.03%	0.03%
	ED	C	0.15%	0.46%	0.15%
	EFX	B	0.12%	0.02%	0.02%
	EG	C	0.06%	0.18%	0.06%
	EIX	C	0.13%	0.05%	0.05%
	EL	F	0.05%	0.01%	0.01%
	ELS	C	0.06%	0.0%	0.0%
	ELV	C	0.44%	0.41%	0.41%
	EME	B	0.05%	0.06%	0.05%
	EMN	B	0.05%	0.02%	0.02%
	EMR	D	0.24%	0.04%	0.04%
	EOG	D	0.28%	0.14%	0.14%
	EPAM	F	0.04%	0.04%	0.04%
	EQIX	C	0.32%	0.02%	0.02%
	EQR	B	0.12%	0.02%	0.02%
	EQT	D	0.07%	0.02%	0.02%
	ES	C	0.1%	0.03%	0.03%
	ESS	B	0.08%	0.01%	0.01%
	ETN	C	0.49%	0.04%	0.04%
	ETR	B	0.11%	0.04%	0.04%
	EVRG	B	0.05%	0.02%	0.02%
	EW	F	0.13%	0.13%	0.13%
	EXAS	C	0.03%	0.0%	0.0%
	EXC	C	0.16%	0.06%	0.06%
	EXPD	C	0.06%	0.07%	0.06%
	EXR	B	0.15%	0.03%	0.03%
	F	F	0.17%	0.16%	0.16%
	FANG	D	0.12%	0.22%	0.12%
	FAST	C	0.03%	0.13%	0.03%
	FCNCA	D	0.09%	0.29%	0.09%
	FCX	D	0.25%	0.04%	0.04%
	FDS	C	0.04%	0.05%	0.04%
	FDX	C	0.26%	0.12%	0.12%
	FE	C	0.1%	0.03%	0.03%
	FFIV	B	0.05%	0.21%	0.05%
	FICO	B	0.03%	0.17%	0.03%
	FIS	B	0.19%	0.03%	0.03%
	FITB	B	0.12%	0.06%	0.06%
	FNF	B	0.06%	0.02%	0.02%
	FOX	B	0.02%	0.01%	0.01%
	FOXA	B	0.04%	0.02%	0.02%
	FSLR	C	0.1%	0.03%	0.03%
	FTNT	C	0.04%	0.01%	0.01%
	FTV	C	0.1%	0.02%	0.02%
	GD	B	0.34%	0.08%	0.08%
	GE	B	0.62%	0.11%	0.11%
	GEHC	C	0.14%	0.03%	0.03%
	GEV	B	0.25%	0.03%	0.03%
	GGG	C	0.06%	0.04%	0.04%
	GILD	B	0.42%	0.41%	0.41%
	GIS	B	0.17%	0.3%	0.17%
	GLPI	C	0.05%	0.01%	0.01%
	GLW	C	0.13%	0.13%	0.13%
	GM	C	0.21%	0.27%	0.21%
	GPC	D	0.08%	0.02%	0.02%
	GPN	D	0.11%	0.04%	0.04%
	GRMN	D	0.11%	0.17%	0.11%
	GS	C	0.45%	0.25%	0.25%
	GWW	B	0.02%	0.17%	0.02%
	H	C	0.02%	0.0%	0.0%
	HAL	F	0.1%	0.03%	0.03%
	HBAN	B	0.08%	0.05%	0.05%
	HCA	B	0.23%	0.07%	0.07%
	HD	B	0.31%	0.33%	0.31%
	HES	F	0.05%	0.02%	0.02%
	HIG	B	0.14%	0.09%	0.09%
	HII	D	0.04%	0.01%	0.01%
	HLT	B	0.11%	0.01%	0.01%
	HOLX	B	0.08%	0.08%	0.08%
	HON	D	0.46%	0.48%	0.46%
	HOOD	C	0.06%	0.0%	0.0%
	HPE	D	0.09%	0.05%	0.05%
	HPQ	D	0.1%	0.06%	0.06%
	HRL	C	0.04%	0.09%	0.04%
	HSIC	C	0.04%	0.01%	0.01%
	HST	C	0.05%	0.01%	0.01%
	HSY	C	0.1%	0.22%	0.1%
	HUBB	B	0.09%	0.06%	0.06%
	HUM	F	0.16%	0.23%	0.16%
	HWM	B	0.15%	0.01%	0.01%
	IBM	B	0.8%	0.72%	0.72%
	ICE	C	0.37%	0.15%	0.15%
	IEX	D	0.06%	0.04%	0.04%
	IFF	B	0.11%	0.02%	0.02%
	ILMN	C	0.08%	0.01%	0.01%
	INCY	C	0.04%	0.17%	0.04%
	INTC	F	0.34%	0.15%	0.15%
	INVH	C	0.09%	0.01%	0.01%
	IP	B	0.07%	0.03%	0.03%
	IPG	C	0.05%	0.02%	0.02%
	IQV	C	0.15%	0.03%	0.03%
	IR	C	0.15%	0.02%	0.02%
	IRM	C	0.06%	0.01%	0.01%
	ITW	C	0.19%	0.26%	0.19%
	J	C	0.07%	0.02%	0.02%
	JBHT	D	0.06%	0.05%	0.05%
	JBL	D	0.05%	0.02%	0.02%
	JCI	B	0.2%	0.04%	0.04%
	JKHY	B	0.05%	0.04%	0.04%
	JNJ	C	1.62%	1.8%	1.62%
	JNPR	B	0.05%	0.18%	0.05%
	JPM	D	2.37%	0.9%	0.9%
	K	B	0.09%	0.3%	0.09%
	KDP	B	0.16%	0.28%	0.16%
	KEY	B	0.06%	0.04%	0.04%
	KEYS	C	0.11%	0.27%	0.11%
	KHC	C	0.13%	0.21%	0.13%
	KIM	C	0.06%	0.02%	0.02%
	KKR	B	0.24%	0.04%	0.04%
	KMB	D	0.12%	0.11%	0.11%
	KMI	B	0.17%	0.05%	0.05%
	KMX	D	0.05%	0.03%	0.03%
	KNX	C	0.03%	0.04%	0.03%
	KO	C	0.48%	0.96%	0.48%
	KR	C	0.15%	0.31%	0.15%
	KVUE	C	0.18%	0.04%	0.04%
	L	C	0.06%	0.12%	0.06%
	LDOS	B	0.08%	0.02%	0.02%
	LEN	B	0.18%	0.07%	0.07%
	LEN	B	0.01%	0.07%	0.01%
	LHX	C	0.18%	0.04%	0.04%
	LIN	B	0.91%	0.17%	0.17%
	LKQ	F	0.04%	0.02%	0.02%
	LMT	C	0.33%	0.79%	0.33%
	LNG	C	0.08%	0.05%	0.05%
	LNT	B	0.06%	0.05%	0.05%
	LOW	B	0.59%	0.12%	0.12%
	LUV	C	0.07%	0.01%	0.01%
	LW	D	0.03%	0.03%	0.03%
	LYB	D	0.1%	0.05%	0.05%
	MAA	B	0.08%	0.01%	0.01%
	MAR	C	0.22%	0.02%	0.02%
	MAS	B	0.07%	0.01%	0.01%
	MCD	B	0.81%	0.52%	0.52%
	MCHP	F	0.17%	0.12%	0.12%
	MCK	F	0.16%	0.53%	0.16%
	MDLZ	B	0.41%	0.26%	0.26%
	MDT	C	0.48%	0.16%	0.16%
	MET	B	0.18%	0.08%	0.08%
	MGM	F	0.04%	0.01%	0.01%
	MKC	C	0.09%	0.01%	0.01%
	MKL	C	0.06%	0.14%	0.06%
	MKTX	C	0.04%	0.03%	0.03%
	MLM	D	0.12%	0.02%	0.02%
	MMC	C	0.4%	0.72%	0.4%
	MMM	B	0.24%	0.29%	0.24%
	MNST	D	0.03%	0.12%	0.03%
	MO	C	0.37%	0.06%	0.06%
	MOH	D	0.03%	0.16%	0.03%
	MOS	F	0.03%	0.03%	0.03%
	MPC	F	0.23%	0.34%	0.23%
	MRNA	F	0.09%	0.02%	0.02%
	MRO	C	0.06%	0.03%	0.03%
	MRVL	C	0.24%	0.02%	0.02%
	MS	D	0.43%	0.15%	0.15%
	MSCI	C	0.07%	0.01%	0.01%
	MSI	B	0.15%	0.58%	0.15%
	MSTR	D	0.08%	0.0%	0.0%
	MTB	B	0.11%	0.07%	0.07%
	MTCH	C	0.04%	0.01%	0.01%
	MTD	D	0.12%	0.01%	0.01%
	MU	F	0.41%	0.07%	0.07%
	NDAQ	A	0.12%	0.02%	0.02%
	NDSN	C	0.06%	0.01%	0.01%
	NEE	C	0.7%	0.11%	0.11%
	NEM	B	0.25%	0.25%	0.25%
	NI	B	0.06%	0.02%	0.02%
	NKE	D	0.15%	0.3%	0.15%
	NOC	B	0.29%	0.59%	0.29%
	NRG	C	0.04%	0.02%	0.02%
	NSC	C	0.22%	0.05%	0.05%
	NTAP	D	0.05%	0.16%	0.05%
	NTRS	A	0.07%	0.03%	0.03%
	NUE	F	0.14%	0.07%	0.07%
	NVR	B	0.11%	0.11%	0.11%
	NWSA	D	0.04%	0.01%	0.01%
	O	C	0.22%	0.05%	0.05%
	OC	D	0.06%	0.02%	0.02%
	OKE	B	0.22%	0.05%	0.05%
	OKTA	F	0.03%	0.0%	0.0%
	OMC	B	0.08%	0.07%	0.07%
	ON	D	0.12%	0.03%	0.03%
	ORLY	C	0.02%	0.25%	0.02%
	OTIS	C	0.15%	0.04%	0.04%
	OVV	F	0.04%	0.03%	0.03%
	OXY	F	0.14%	0.1%	0.1%
	PARA	F	0.03%	0.03%	0.03%
	PAYC	D	0.01%	0.03%	0.01%
	PAYX	C	0.11%	0.16%	0.11%
	PCAR	D	0.2%	0.05%	0.05%
	PCG	C	0.17%	0.06%	0.06%
	PEG	B	0.17%	0.04%	0.04%
	PEP	C	0.21%	1.15%	0.21%
	PFE	C	0.67%	0.39%	0.39%
	PFG	B	0.08%	0.03%	0.03%
	PG	C	1.29%	0.62%	0.62%
	PGR	B	0.1%	0.66%	0.1%
	PH	B	0.31%	0.03%	0.03%
	PHM	B	0.12%	0.12%	0.12%
	PKG	B	0.08%	0.08%	0.08%
	PLD	C	0.49%	0.09%	0.09%
	PM	C	0.79%	0.11%	0.11%
	PNC	B	0.29%	0.15%	0.15%
	PNR	B	0.06%	0.01%	0.01%
	PPG	D	0.12%	0.03%	0.03%
	PPL	C	0.1%	0.03%	0.03%
	PRU	C	0.17%	0.08%	0.08%
	PSA	B	0.19%	0.16%	0.16%
	PSTG	F	0.01%	0.0%	0.0%
	PSX	F	0.22%	0.14%	0.14%
	PTC	D	0.03%	0.17%	0.03%
	PWR	B	0.11%	0.02%	0.02%
	PYPL	B	0.3%	0.06%	0.06%
	QCOM	D	0.05%	0.58%	0.05%
	QRVO	F	0.04%	0.01%	0.01%
	RCL	B	0.11%	0.01%	0.01%
	REG	C	0.06%	0.01%	0.01%
	REGN	C	0.45%	0.4%	0.4%
	RF	B	0.08%	0.05%	0.05%
	RIVN	F	0.04%	0.01%	0.01%
	RJF	C	0.09%	0.03%	0.03%
	RMD	C	0.11%	0.1%	0.1%
	ROK	D	0.11%	0.1%	0.1%
	ROKU	C	0.03%	0.0%	0.0%
	ROP	C	0.24%	0.48%	0.24%
	ROST	C	0.16%	0.03%	0.03%
	RPM	B	0.05%	0.01%	0.01%
	RPRX	C	0.04%	0.01%	0.01%
	RS	D	0.06%	0.02%	0.02%
	RSG	D	0.17%	0.54%	0.17%
	RTX	C	0.64%	0.19%	0.19%
	SBAC	C	0.11%	0.01%	0.01%
	SBUX	C	0.1%	0.06%	0.06%
	SCHW	D	0.34%	0.06%	0.06%
	SEIC	C	0.03%	0.03%	0.03%
	SHW	B	0.03%	0.26%	0.03%
	SJM	C	0.05%	0.02%	0.02%
	SLB	F	0.23%	0.05%	0.05%
	SNA	C	0.06%	0.05%	0.05%
	SO	B	0.4%	0.56%	0.4%
	SOLV	C	0.04%	0.06%	0.04%
	SPG	B	0.16%	0.03%	0.03%
	SPGI	B	0.66%	0.07%	0.07%
	SQ	D	0.08%	0.02%	0.02%
	SRE	C	0.21%	0.06%	0.06%
	SSNC	B	0.07%	0.02%	0.02%
	STE	C	0.1%	0.01%	0.01%
	STLD	F	0.07%	0.03%	0.03%
	STT	A	0.1%	0.05%	0.05%
	STZ	D	0.16%	0.02%	0.02%
	SUI	B	0.07%	0.01%	0.01%
	SW	B	0.05%	0.02%	0.02%
	SWK	B	0.06%	0.03%	0.03%
	SWKS	D	0.07%	0.06%	0.06%
	SYF	C	0.08%	0.05%	0.05%
	SYK	C	0.38%	0.05%	0.05%
	SYY	D	0.06%	0.05%	0.05%
	T	C	0.63%	0.67%	0.63%
	TAP	D	0.04%	0.02%	0.02%
	TDG	B	0.24%	0.01%	0.01%
	TDY	B	0.08%	0.2%	0.08%
	TECH	C	0.05%	0.0%	0.0%
	TER	D	0.01%	0.06%	0.01%
	TFC	C	0.23%	0.14%	0.14%
	TFX	C	0.05%	0.01%	0.01%
	TGT	C	0.28%	0.1%	0.1%
	TJX	B	0.22%	0.57%	0.22%
	TMO	B	0.95%	0.13%	0.13%
	TMUS	C	0.4%	0.69%	0.4%
	TRMB	C	0.06%	0.01%	0.01%
	TROW	D	0.09%	0.08%	0.08%
	TRU	B	0.07%	0.01%	0.01%
	TRV	C	0.22%	0.44%	0.22%
	TSN	C	0.07%	0.29%	0.07%
	TT	B	0.22%	0.24%	0.22%
	TTC	D	0.04%	0.03%	0.03%
	TTWO	C	0.1%	0.01%	0.01%
	TW	B	0.03%	0.06%	0.03%
	TWLO	D	0.03%	0.01%	0.01%
	TXN	C	0.65%	1.07%	0.65%
	TXT	D	0.07%	0.02%	0.02%
	TYL	C	0.01%	0.01%	0.01%
	UDR	C	0.06%	0.01%	0.01%
	UHAL	A	0.02%	0.01%	0.01%
	UHAL	A	0.0%	0.01%	0.0%
	UHS	B	0.05%	0.02%	0.02%
	ULTA	D	0.01%	0.08%	0.01%
	UNH	C	2.06%	2.27%	2.06%
	UNP	C	0.32%	0.09%	0.09%
	UPS	D	0.38%	0.11%	0.11%
	URI	B	0.15%	0.04%	0.04%
	USB	B	0.28%	0.15%	0.15%
	UTHR	C	0.06%	0.1%	0.06%
	VICI	C	0.14%	0.04%	0.04%
	VLO	F	0.18%	0.14%	0.14%
	VLTO	C	0.06%	0.09%	0.06%
	VMC	D	0.09%	0.01%	0.01%
	VRSN	D	0.06%	0.23%	0.06%
	VRTX	D	0.25%	0.61%	0.25%
	VTR	C	0.11%	0.02%	0.02%
	VTRS	D	0.06%	0.05%	0.05%
	VZ	B	0.76%	0.88%	0.76%
	WAB	B	0.12%	0.02%	0.02%
	WAT	C	0.03%	0.06%	0.03%
	WBA	F	0.03%	0.07%	0.03%
	WBD	D	0.08%	0.11%	0.08%
	WDC	D	0.09%	0.02%	0.02%
	WEC	C	0.12%	0.29%	0.12%
	WELL	C	0.31%	0.03%	0.03%
	WFC	D	0.75%	0.36%	0.36%
	WLK	D	0.02%	0.01%	0.01%
	WMB	B	0.22%	0.12%	0.12%
	WMT	C	1.42%	0.92%	0.92%
	WPC	C	0.06%	0.01%	0.01%
	WRB	C	0.07%	0.12%	0.07%
	WSM	D	0.03%	0.06%	0.03%
	WSO	C	0.07%	0.05%	0.05%
	WST	D	0.03%	0.06%	0.03%
	WTRG	D	0.04%	0.01%	0.01%
	WTW	C	0.12%	0.15%	0.12%
	WY	C	0.1%	0.03%	0.03%
	WYNN	D	0.03%	0.0%	0.0%
	XEL	B	0.14%	0.19%	0.14%
	XOM	C	2.02%	0.77%	0.77%
	XYL	C	0.13%	0.02%	0.02%
	YUM	D	0.09%	0.19%	0.09%
	Z	B	0.04%	0.01%	0.01%
	ZBH	F	0.09%	0.02%	0.02%
	ZBRA	B	0.05%	0.01%	0.01%
	ZM	C	0.07%	0.01%	0.01%
	ZTS	C	0.06%	0.27%	0.06%

IWD Overweight 383 Positions Relative to QUS

	Symbol	Grade	Weight
	FI	A	0.28%
	CRH	B	0.24%
	FERG	D	0.15%
	COO	B	0.09%
	LH	C	0.08%
	UAL	C	0.07%
	USFD	B	0.06%
	RGA	C	0.06%
	GEN	B	0.06%
	RVTY	B	0.06%
	TOL	B	0.06%
	THC	A	0.06%
	BLD	D	0.05%
	SCI	B	0.05%
	CASY	D	0.05%
	CW	B	0.05%
	CUBE	B	0.05%
	CLH	A	0.05%
	IBKR	B	0.05%
	RNR	C	0.05%
	FHN	D	0.04%
	NYT	C	0.04%
	WAL	B	0.04%
	PRI	B	0.04%
	ORI	B	0.04%
	NNN	C	0.04%
	INGR	B	0.04%
	FYBR	C	0.04%
	EGP	B	0.04%
	GPK	B	0.04%
	EHC	C	0.04%
	RGLD	C	0.04%
	PFGC	B	0.04%
	UNM	B	0.04%
	FRT	C	0.04%
	TTEK	C	0.04%
	CVNA	B	0.04%
	GL	C	0.04%
	WWD	D	0.04%
	DOX	C	0.04%
	TPR	C	0.04%
	FWONK	C	0.04%
	ARMK	B	0.04%
	OHI	B	0.04%
	ATR	B	0.04%
	AFRM	C	0.04%
	NLY	B	0.04%
	NTNX	C	0.04%
	RRX	C	0.04%
	PNW	C	0.04%
	FTI	D	0.04%
	COHR	C	0.04%
	FBIN	B	0.04%
	CACI	B	0.04%
	BJ	D	0.04%
	NVT	D	0.04%
	REXR	C	0.04%
	EWBC	D	0.04%
	ITT	B	0.04%
	NOV	F	0.03%
	CROX	D	0.03%
	CGNX	F	0.03%
	STWD	B	0.03%
	BPOP	C	0.03%
	CART	A	0.03%
	VNO	B	0.03%
	RHI	D	0.03%
	LSTR	D	0.03%
	AAL	D	0.03%
	MAT	C	0.03%
	MSA	D	0.03%
	VFC	C	0.03%
	CFR	C	0.03%
	OSK	F	0.03%
	PB	B	0.03%
	SNV	C	0.03%
	FAF	B	0.03%
	PR	F	0.03%
	RGEN	F	0.03%
	ARW	C	0.03%
	JAZZ	D	0.03%
	ZION	D	0.03%
	GNTX	F	0.03%
	MTG	B	0.03%
	SOFI	C	0.03%
	WTFC	B	0.03%
	SWN	D	0.03%
	RL	C	0.03%
	RRC	D	0.03%
	BFAM	C	0.03%
	G	C	0.03%
	SSD	D	0.03%
	WCC	D	0.03%
	SAIC	C	0.03%
	KEX	C	0.03%
	MTZ	B	0.03%
	MIDD	D	0.03%
	LECO	F	0.03%
	ACHC	C	0.03%
	MKSI	F	0.03%
	HR	C	0.03%
	BWXT	D	0.03%
	CRUS	D	0.03%
	HRB	C	0.03%
	ELAN	D	0.03%
	STAG	C	0.03%
	AGNC	B	0.03%
	ONTO	D	0.03%
	PNFP	B	0.03%
	HLI	B	0.03%
	BWA	D	0.03%
	FR	B	0.03%
	DTM	B	0.03%
	CR	C	0.03%
	CBSH	C	0.03%
	WEX	C	0.03%
	LAD	D	0.03%
	FND	C	0.03%
	ADC	C	0.03%
	BRBR	C	0.03%
	ATI	C	0.03%
	KBR	D	0.03%
	COKE	C	0.03%
	GWRE	A	0.03%
	CMA	B	0.03%
	CHE	C	0.03%
	AXTA	B	0.03%
	BERY	B	0.03%
	JEF	B	0.03%
	VOYA	B	0.03%
	WBS	D	0.03%
	ALSN	B	0.03%
	AR	F	0.03%
	FCN	D	0.03%
	GMED	D	0.03%
	APG	D	0.03%
	TKO	B	0.03%
	FMC	C	0.03%
	AYI	B	0.03%
	X	F	0.03%
	CIEN	C	0.03%
	AA	D	0.03%
	RBC	C	0.03%
	OGE	C	0.03%
	SKX	D	0.03%
	COLD	D	0.03%
	CZR	C	0.03%
	MHK	C	0.03%
	JLL	B	0.03%
	BRX	B	0.03%
	LAMR	B	0.03%
	DCI	C	0.03%
	EVR	A	0.03%
	SNX	D	0.03%
	SF	A	0.03%
	LITE	B	0.02%
	COTY	F	0.02%
	CLF	F	0.02%
	PRGO	D	0.02%
	MPW	C	0.02%
	NEU	D	0.02%
	CIVI	F	0.02%
	DXC	C	0.02%
	RH	B	0.02%
	IAC	C	0.02%
	SITE	C	0.02%
	BILL	D	0.02%
	GFS	F	0.02%
	M	F	0.02%
	ROIV	C	0.02%
	DLB	D	0.02%
	BYD	C	0.02%
	GNRC	D	0.02%
	DBX	D	0.02%
	GAP	F	0.02%
	KRC	B	0.02%
	AN	D	0.02%
	ASH	D	0.02%
	CPRI	D	0.02%
	FLO	C	0.02%
	DOCS	B	0.02%
	EEFT	D	0.02%
	AGO	C	0.02%
	S	C	0.02%
	W	D	0.02%
	WTM	D	0.02%
	OZK	D	0.02%
	PII	D	0.02%
	SLGN	B	0.02%
	FRPT	B	0.02%
	CUZ	B	0.02%
	PSN	B	0.02%
	AVT	C	0.02%
	AL	D	0.02%
	HOG	C	0.02%
	SLM	D	0.02%
	RYN	C	0.02%
	SAIA	D	0.02%
	JHG	B	0.02%
	OLED	C	0.02%
	CCCS	D	0.02%
	LNC	D	0.02%
	HXL	F	0.02%
	UGI	C	0.02%
	FNB	C	0.02%
	LBRDK	F	0.02%
	WSC	D	0.02%
	VNT	F	0.02%
	OLN	D	0.02%
	ST	D	0.02%
	COLB	B	0.02%
	THO	D	0.02%
	KD	D	0.02%
	WHR	D	0.02%
	ALK	C	0.02%
	IDA	C	0.02%
	OGN	D	0.02%
	OMF	D	0.02%
	THG	B	0.02%
	TKR	D	0.02%
	MTDR	F	0.02%
	PVH	F	0.02%
	BC	C	0.02%
	XRAY	D	0.02%
	VMI	D	0.02%
	SN	B	0.02%
	NFG	B	0.02%
	SON	C	0.02%
	AMG	C	0.02%
	GME	F	0.02%
	MDU	C	0.02%
	DAR	F	0.02%
	ESAB	C	0.02%
	WH	B	0.02%
	MTSI	D	0.02%
	AGCO	D	0.02%
	SRCL	A	0.02%
	POST	C	0.02%
	ESI	D	0.02%
	RITM	B	0.02%
	IVZ	B	0.02%
	LEA	F	0.02%
	R	A	0.02%
	GXO	D	0.02%
	OLLI	C	0.02%
	RLI	B	0.02%
	AZPN	B	0.02%
	WMS	D	0.02%
	LFUS	C	0.02%
	FLS	D	0.02%
	AXS	B	0.02%
	SIRI	C	0.02%
	EXEL	C	0.01%
	LYFT	D	0.01%
	SNDR	B	0.01%
	CERT	F	0.01%
	TRIP	F	0.01%
	PPC	D	0.01%
	WEN	C	0.01%
	UAA	C	0.01%
	UA	D	0.01%
	INFA	D	0.01%
	ALGM	F	0.01%
	GO	F	0.01%
	FTRE	D	0.01%
	AS	C	0.01%
	MP	D	0.01%
	BIRK	F	0.01%
	LEG	D	0.01%
	AZEK	C	0.01%
	BROS	D	0.01%
	LPX	B	0.01%
	IPGP	F	0.01%
	HAYW	C	0.01%
	SAM	F	0.01%
	REYN	C	0.01%
	VSTS	D	0.01%
	ADT	C	0.01%
	LLYVK	B	0.01%
	GLOB	D	0.01%
	KSS	F	0.01%
	QS	F	0.01%
	JWN	C	0.01%
	EXP	B	0.01%
	ETSY	F	0.01%
	MASI	F	0.01%
	CNM	F	0.01%
	YETI	D	0.01%
	BOKF	B	0.01%
	HHH	C	0.01%
	CWEN	C	0.01%
	RCM	C	0.01%
	AAP	F	0.01%
	CC	F	0.01%
	WU	F	0.01%
	ENOV	D	0.01%
	BRKR	D	0.01%
	SHC	C	0.01%
	AGR	B	0.01%
	CRI	D	0.01%
	VAC	F	0.01%
	SEE	D	0.01%
	BHF	F	0.01%
	PINC	C	0.01%
	AZTA	F	0.01%
	QDEL	D	0.01%
	CLVT	D	0.01%
	ZG	B	0.01%
	SPB	C	0.01%
	COLM	C	0.01%
	VNOM	C	0.01%
	PAG	D	0.01%
	RKT	C	0.01%
	LOPE	D	0.01%
	CXT	D	0.01%
	TNL	D	0.01%
	PK	D	0.01%
	VIRT	C	0.01%
	IRDM	D	0.01%
	SMG	C	0.01%
	FHB	D	0.01%
	AM	C	0.01%
	AMED	C	0.01%
	NWS	D	0.01%
	NXST	D	0.01%
	PENN	D	0.01%
	CNXC	F	0.01%
	PLNT	B	0.01%
	U	D	0.01%
	NWL	C	0.01%
	ZI	D	0.01%
	LBTYA	B	0.01%
	SPR	D	0.01%
	NSA	B	0.01%
	MAN	C	0.01%
	HIW	B	0.01%
	NVST	D	0.01%
	AMKR	F	0.01%
	LCID	C	0.01%
	GTES	C	0.01%
	MSGS	B	0.01%
	LBTYK	B	0.01%
	DNB	C	0.01%
	TPG	B	0.01%
	HUN	D	0.01%
	KMPR	D	0.01%
	EPR	B	0.01%
	MSM	D	0.01%
	AWI	B	0.01%
	SEG	C	0.0%
	LOAR	C	0.0%
	PARAA	D	0.0%
	UWMC	D	0.0%
	LAZ	B	0.0%
	NFE	F	0.0%
	GRAL	F	0.0%
	DJT	F	0.0%
	IONS	F	0.0%
	UI	B	0.0%
	PLTK	C	0.0%
	CHH	C	0.0%
	CACC	F	0.0%
	PATH	D	0.0%
	HCP	B	0.0%
	TFSL	C	0.0%
	TXG	D	0.0%
	CAR	F	0.0%
	LSCC	D	0.0%
	SEB	D	0.0%
	LBRDA	F	0.0%
	LLYVA	B	0.0%
	PYCR	D	0.0%
	ALAB	D	0.0%
	NCNO	D	0.0%
	CWEN	C	0.0%
	FWONA	C	0.0%
	FIVE	D	0.0%
	DDS	F	0.0%
	WOLF	F	0.0%
	MTN	D	0.0%
	DV	F	0.0%
	CNA	C	0.0%
	HAS	B	0.0%

IWD Underweight 101 Positions Relative to QUS

	Symbol	Grade	Weight
	AAPL	C	-3.27%
	MSFT	C	-2.86%
	LLY	C	-2.43%
	NVDA	D	-2.36%
	META	B	-2.24%
	V	C	-1.8%
	MA	B	-1.63%
	COST	B	-1.35%
	GOOGL	D	-1.12%
	GOOG	D	-1.04%
	ADBE	F	-0.78%
	AMZN	C	-0.64%
	AVGO	C	-0.6%
	MRK	D	-0.56%
	WCN	D	-0.55%
	WM	D	-0.51%
	ORCL	C	-0.48%
	ANET	B	-0.38%
	KLAC	D	-0.36%
	LRCX	F	-0.34%
	GDDY	C	-0.29%
	PANW	D	-0.29%
	CDNS	D	-0.27%
	SNPS	D	-0.26%
	NOW	B	-0.24%
	CMG	C	-0.22%
	ERIE	B	-0.22%
	BAH	C	-0.21%
	MCO	B	-0.21%
	TSLA	C	-0.2%
	UBER	C	-0.18%
	TEL	D	-0.17%
	ROL	C	-0.17%
	VRSK	D	-0.15%
	IDXX	C	-0.15%
	WDAY	D	-0.15%
	ADSK	C	-0.14%
	IT	B	-0.13%
	NBIX	F	-0.12%
	NFLX	B	-0.12%
	MPWR	C	-0.12%
	ODFL	D	-0.12%
	LULU	D	-0.1%
	VEEV	C	-0.09%
	TSCO	C	-0.09%
	DECK	C	-0.08%
	MELI	B	-0.08%
	MANH	B	-0.07%
	STX	C	-0.07%
	HUBS	D	-0.06%
	SMCI	F	-0.06%
	AMT	C	-0.05%
	ENPH	D	-0.05%
	LPLA	D	-0.05%
	CRWD	D	-0.05%
	TPL	B	-0.05%
	INTU	C	-0.04%
	BX	B	-0.04%
	POOL	C	-0.04%
	NXPI	F	-0.03%
	ISRG	B	-0.03%
	ABNB	D	-0.02%
	EQH	C	-0.02%
	CRBG	D	-0.02%
	TRGP	B	-0.02%
	VRT	C	-0.01%
	LYV	B	-0.01%
	APP	C	-0.01%
	LVS	D	-0.01%
	ENTG	F	-0.01%
	LII	B	-0.01%
	ARES	B	-0.01%
	DVA	B	-0.01%
	CLX	C	-0.01%
	VST	C	-0.01%
	CPAY	B	-0.01%
	EXPE	C	-0.01%
	BURL	B	-0.01%
	CELH	F	-0.0%
	TEAM	D	-0.0%
	ZS	F	-0.0%
	IOT	B	-0.0%
	NET	D	-0.0%
	TOST	C	-0.0%
	RBLX	B	-0.0%
	MDB	D	-0.0%
	DKNG	C	-0.0%
	DDOG	D	-0.0%
	BSY	D	-0.0%
	SNAP	F	-0.0%
	DOCU	C	-0.0%
	DT	C	-0.0%
	PODD	B	-0.0%
	SNOW	F	-0.0%
	AXON	B	-0.0%
	HEI	B	-0.0%
	DXCM	F	-0.0%
	PINS	F	-0.0%
	HEI	B	-0.0%
	PLTR	B	-0.0%
	TTD	B	-0.0%

IWD: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Software - Application Utilities - Regulated Electric Oil & Gas E&P Semiconductors Asset Management Diagnostics & Research Biotechnology Business Services 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 Real Estate Investment Trust Bank Electronics Banking Computing Chemical Aerospace Electricity Mining Telecommunications Insurance Products Semiconductor Medicine Beverage Biotechnology Dow Jones Component

QUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Asset Management Business Services Semiconductors Diagnostics & Research 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 Electronics Dow Jones Component Aerospace Chemical Telecommunications Real Estate Investment Trust Bank Medicine Semiconductor Cloud Computing Banking IBD 50 Insurance Products Mining