ONOF vs. QVML ETF Comparison

Comparison of Global X Adaptive U.S. Risk Management ETF (ONOF) to Invesco S&P 500 QVM Multi-factor ETF (QVML)

ONOF

Global X Adaptive U.S. Risk Management ETF

ONOF Description

The investment seeks investment results that correspond generally to the price and yield performance of the Adaptive Wealth Strategies U.S. Risk Management Index. The fund invests at least 80% of its total assets in the securities of the index or in investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities, either individually or in the aggregate. The index is designed to dynamically allocate between either 100% exposure to the Solactive GBS United States 500 Index TR or 100% exposure to a portfolio of U.S. Treasuries with 1-3 years remaining to maturity. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.93

Average Daily Volume

10,199

Number of Holdings ^*

494

* may have additional holdings in another (foreign) market

QVML

Invesco S&P 500 QVM Multi-factor ETF

QVML Description

The investment seeks to track the investment results of the S&P 500 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund generally will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P 500 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.76

Average Daily Volume

1,109

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

Performance

Period	ONOF	QVML
30 Days	2.42%	1.50%
60 Days	-1.89%	2.56%
90 Days	-0.59%	4.17%
12 Months	17.69%	34.52%

380 Overlapping Holdings

	Symbol	Grade	Weight in ONOF	Weight in QVML	Overlap
	A	C	0.09%	0.09%	0.09%
	AAPL	C	6.81%	6.84%	6.81%
	ABBV	C	0.73%	0.78%	0.73%
	ABNB	D	0.1%	0.12%	0.1%
	ABT	C	0.43%	0.47%	0.43%
	ACGL	B	0.08%	0.1%	0.08%
	ACN	C	0.5%	0.51%	0.5%
	ADBE	F	0.54%	0.6%	0.54%
	ADI	C	0.24%	0.25%	0.24%
	ADM	D	0.06%	0.08%	0.06%
	ADP	B	0.24%	0.27%	0.24%
	ADSK	C	0.12%	0.12%	0.12%
	AEE	A	0.05%	0.05%	0.05%
	AEP	C	0.11%	0.13%	0.11%
	AFL	C	0.12%	0.14%	0.12%
	AIG	D	0.1%	0.13%	0.1%
	AJG	D	0.13%	0.15%	0.13%
	AKAM	D	0.03%	0.04%	0.03%
	ALGN	D	0.03%	0.04%	0.03%
	ALL	B	0.1%	0.12%	0.1%
	AMAT	F	0.33%	0.32%	0.32%
	AMCR	C	0.03%	0.04%	0.03%
	AMD	D	0.51%	0.59%	0.51%
	AME	C	0.08%	0.09%	0.08%
	AMP	B	0.09%	0.1%	0.09%
	AMZN	C	3.63%	3.79%	3.63%
	ANET	A	0.17%	0.2%	0.17%
	ANSS	D	0.06%	0.06%	0.06%
	APH	D	0.16%	0.17%	0.16%
	APTV	D	0.04%	0.05%	0.04%
	ARE	C	0.04%	0.05%	0.04%
	ATO	B	0.04%	0.05%	0.04%
	AVB	C	0.07%	0.08%	0.07%
	AVGO	C	1.52%	1.51%	1.51%
	AVY	D	0.04%	0.04%	0.04%
	AXON	A	0.05%	0.06%	0.05%
	AXP	B	0.31%	0.37%	0.31%
	BAC	D	0.56%	0.63%	0.56%
	BALL	C	0.04%	0.05%	0.04%
	BAX	C	0.04%	0.05%	0.04%
	BBY	C	0.04%	0.04%	0.04%
	BDX	F	0.14%	0.16%	0.14%
	BG	D	0.03%	0.03%	0.03%
	BK	A	0.11%	0.12%	0.11%
	BKNG	B	0.27%	0.31%	0.27%
	BKR	D	0.07%	0.08%	0.07%
	BLDR	C	0.04%	0.05%	0.04%
	BLK	B	0.27%	0.29%	0.27%
	BR	D	0.05%	0.06%	0.05%
	BRK.A	C	1.24%	1.95%	1.24%
	BRO	C	0.05%	0.06%	0.05%
	BSX	B	0.26%	0.28%	0.26%
	BX	B	0.21%	0.24%	0.21%
	BXP	B	0.02%	0.03%	0.02%
	C	D	0.22%	0.27%	0.22%
	CAG	C	0.03%	0.04%	0.03%
	CAH	C	0.06%	0.06%	0.06%
	CARR	B	0.12%	0.14%	0.12%
	CAT	B	0.35%	0.42%	0.35%
	CB	B	0.24%	0.28%	0.24%
	CBOE	C	0.05%	0.05%	0.05%
	CBRE	A	0.08%	0.08%	0.08%
	CCL	C	0.03%	0.04%	0.03%
	CDNS	D	0.15%	0.16%	0.15%
	CDW	D	0.06%	0.07%	0.06%
	CE	F	0.03%	0.03%	0.03%
	CEG	A	0.12%	0.14%	0.12%
	CF	C	0.03%	0.04%	0.03%
	CFG	C	0.04%	0.04%	0.04%
	CHD	C	0.05%	0.06%	0.05%
	CHTR	D	0.07%	0.08%	0.07%
	CI	C	0.21%	0.25%	0.21%
	CINF	C	0.04%	0.05%	0.04%
	CL	C	0.19%	0.2%	0.19%
	CLX	C	0.04%	0.05%	0.04%
	CMCSA	D	0.32%	0.39%	0.32%
	CME	C	0.17%	0.19%	0.17%
	CMG	C	0.16%	0.18%	0.16%
	CMI	C	0.08%	0.1%	0.08%
	CMS	B	0.04%	0.05%	0.04%
	CNC	C	0.08%	0.1%	0.08%
	CNP	D	0.04%	0.04%	0.04%
	COF	A	0.11%	0.12%	0.11%
	COP	D	0.25%	0.29%	0.25%
	COST	B	0.84%	0.91%	0.84%
	CPAY	C	0.04%	0.06%	0.04%
	CPB	B	0.02%	0.03%	0.02%
	CPRT	D	0.09%	0.1%	0.09%
	CRM	D	0.5%	0.57%	0.5%
	CSCO	B	0.42%	0.48%	0.42%
	CSGP	D	0.07%	0.07%	0.07%
	CSX	D	0.14%	0.16%	0.14%
	CTAS	C	0.15%	0.16%	0.15%
	CTRA	D	0.04%	0.04%	0.04%
	CTSH	C	0.08%	0.09%	0.08%
	CTVA	B	0.08%	0.1%	0.08%
	CVS	F	0.15%	0.17%	0.15%
	CVX	D	0.49%	0.6%	0.49%
	D	B	0.1%	0.12%	0.1%
	DAL	C	0.06%	0.07%	0.06%
	DD	B	0.06%	0.08%	0.06%
	DE	B	0.21%	0.24%	0.21%
	DECK	D	0.05%	0.06%	0.05%
	DFS	B	0.07%	0.08%	0.07%
	DG	F	0.04%	0.05%	0.04%
	DGX	C	0.04%	0.04%	0.04%
	DHI	C	0.12%	0.14%	0.12%
	DHR	C	0.38%	0.41%	0.38%
	DIS	D	0.34%	0.4%	0.34%
	DLR	B	0.11%	0.12%	0.11%
	DLTR	F	0.03%	0.04%	0.03%
	DOC	C	0.03%	0.04%	0.03%
	DOV	B	0.05%	0.06%	0.05%
	DOW	D	0.08%	0.08%	0.08%
	DRI	B	0.04%	0.04%	0.04%
	DTE	B	0.05%	0.06%	0.05%
	DUK	B	0.19%	0.21%	0.19%
	DVN	F	0.05%	0.06%	0.05%
	EA	D	0.07%	0.08%	0.07%
	EBAY	B	0.06%	0.08%	0.06%
	ECL	A	0.13%	0.14%	0.13%
	ED	C	0.08%	0.09%	0.08%
	EFX	C	0.08%	0.08%	0.08%
	EG	C	0.03%	0.04%	0.03%
	EIX	C	0.07%	0.08%	0.07%
	ELV	C	0.27%	0.3%	0.27%
	EMR	D	0.12%	0.14%	0.12%
	EOG	D	0.14%	0.17%	0.14%
	EQR	C	0.05%	0.06%	0.05%
	EQT	D	0.03%	0.03%	0.03%
	ES	C	0.05%	0.06%	0.05%
	ESS	C	0.04%	0.05%	0.04%
	ETN	C	0.25%	0.29%	0.25%
	ETR	A	0.05%	0.06%	0.05%
	EVRG	B	0.03%	0.03%	0.03%
	EW	F	0.09%	0.1%	0.09%
	EXC	B	0.08%	0.1%	0.08%
	EXPD	C	0.04%	0.04%	0.04%
	EXPE	C	0.03%	0.04%	0.03%
	EXR	B	0.08%	0.09%	0.08%
	F	F	0.09%	0.1%	0.09%
	FANG	D	0.06%	0.08%	0.06%
	FAST	C	0.08%	0.1%	0.08%
	FCX	D	0.12%	0.15%	0.12%
	FDS	C	0.03%	0.04%	0.03%
	FDX	F	0.14%	0.16%	0.14%
	FE	C	0.05%	0.06%	0.05%
	FITB	B	0.06%	0.07%	0.06%
	FOXA	B	0.02%	0.04%	0.02%
	FSLR	C	0.05%	0.05%	0.05%
	FTV	C	0.05%	0.06%	0.05%
	GD	B	0.14%	0.16%	0.14%
	GE	A	0.38%	0.44%	0.38%
	GEHC	C	0.08%	0.09%	0.08%
	GEV	B	0.12%	0.14%	0.12%
	GIS	B	0.09%	0.1%	0.09%
	GLW	B	0.07%	0.07%	0.07%
	GM	B	0.11%	0.11%	0.11%
	GOOG	D	1.69%	3.81%	1.69%
	GPC	D	0.04%	0.04%	0.04%
	GPN	D	0.06%	0.07%	0.06%
	GRMN	D	0.06%	0.07%	0.06%
	GS	C	0.32%	0.37%	0.32%
	GWW	A	0.08%	0.1%	0.08%
	HAL	F	0.05%	0.06%	0.05%
	HBAN	B	0.04%	0.05%	0.04%
	HCA	A	0.16%	0.18%	0.16%
	HD	A	0.78%	0.85%	0.78%
	HES	D	0.07%	0.09%	0.07%
	HIG	B	0.07%	0.08%	0.07%
	HOLX	C	0.04%	0.05%	0.04%
	HON	D	0.28%	0.31%	0.28%
	HPE	D	0.04%	0.04%	0.04%
	HPQ	D	0.07%	0.07%	0.07%
	HRL	D	0.02%	0.02%	0.02%
	HSY	D	0.06%	0.07%	0.06%
	HUBB	A	0.04%	0.05%	0.04%
	HUM	F	0.08%	0.1%	0.08%
	HWM	B	0.08%	0.09%	0.08%
	IBM	A	0.41%	0.45%	0.41%
	ICE	C	0.19%	0.21%	0.19%
	IDXX	D	0.08%	0.09%	0.08%
	IEX	D	0.03%	0.04%	0.03%
	IFF	C	0.06%	0.06%	0.06%
	INCY	C	0.02%	0.03%	0.02%
	INTC	F	0.18%	0.19%	0.18%
	INTU	C	0.37%	0.41%	0.37%
	INVH	C	0.04%	0.05%	0.04%
	IQV	D	0.09%	0.1%	0.09%
	IR	C	0.08%	0.09%	0.08%
	IRM	B	0.07%	0.07%	0.07%
	ISRG	C	0.37%	0.38%	0.37%
	IT	A	0.08%	0.09%	0.08%
	ITW	C	0.16%	0.16%	0.16%
	J	C	0.04%	0.04%	0.04%
	JBHT	D	0.03%	0.03%	0.03%
	JBL	D	0.02%	0.03%	0.02%
	JCI	B	0.1%	0.11%	0.1%
	JNJ	C	0.84%	0.94%	0.84%
	JPM	D	1.26%	1.48%	1.26%
	K	A	0.04%	0.05%	0.04%
	KDP	B	0.08%	0.09%	0.08%
	KEYS	C	0.05%	0.06%	0.05%
	KHC	C	0.06%	0.07%	0.06%
	KLAC	D	0.21%	0.21%	0.21%
	KMB	D	0.1%	0.11%	0.1%
	KMI	A	0.09%	0.09%	0.09%
	KO	B	0.59%	0.65%	0.59%
	KR	C	0.07%	0.09%	0.07%
	KVUE	C	0.09%	0.11%	0.09%
	L	D	0.03%	0.03%	0.03%
	LDOS	B	0.04%	0.05%	0.04%
	LEN	C	0.09%	0.11%	0.09%
	LEN	C	0.0%	0.11%	0.0%
	LHX	C	0.09%	0.1%	0.09%
	LIN	B	0.47%	0.53%	0.47%
	LLY	C	1.66%	1.65%	1.65%
	LMT	B	0.29%	0.29%	0.29%
	LNT	B	0.03%	0.04%	0.03%
	LOW	A	0.3%	0.34%	0.3%
	LRCX	F	0.21%	0.21%	0.21%
	LULU	D	0.06%	0.07%	0.06%
	LUV	C	0.04%	0.04%	0.04%
	LVS	D	0.03%	0.03%	0.03%
	LYB	F	0.05%	0.06%	0.05%
	LYV	B	0.03%	0.03%	0.03%
	MA	C	0.85%	0.96%	0.85%
	MAA	C	0.04%	0.04%	0.04%
	MAR	C	0.12%	0.13%	0.12%
	MCHP	F	0.09%	0.1%	0.09%
	MCK	F	0.14%	0.15%	0.14%
	MCO	A	0.16%	0.17%	0.16%
	MDLZ	C	0.21%	0.24%	0.21%
	MDT	C	0.24%	0.28%	0.24%
	MET	A	0.09%	0.11%	0.09%
	META	A	2.39%	2.49%	2.39%
	MGM	D	0.02%	0.02%	0.02%
	MKC	C	0.04%	0.05%	0.04%
	MLM	D	0.07%	0.08%	0.07%
	MMC	C	0.24%	0.26%	0.24%
	MNST	D	0.07%	0.09%	0.07%
	MO	D	0.19%	0.22%	0.19%
	MOH	D	0.04%	0.05%	0.04%
	MPC	F	0.12%	0.15%	0.12%
	MPWR	C	0.09%	0.09%	0.09%
	MRK	D	0.62%	0.66%	0.62%
	MRNA	F	0.06%	0.05%	0.05%
	MRO	C	0.03%	0.04%	0.03%
	MS	C	0.26%	0.29%	0.26%
	MSFT	C	6.58%	7.0%	6.58%
	MSI	B	0.15%	0.17%	0.15%
	MTB	A	0.06%	0.07%	0.06%
	MU	F	0.21%	0.2%	0.2%
	NDAQ	A	0.06%	0.06%	0.06%
	NDSN	C	0.03%	0.03%	0.03%
	NEE	C	0.36%	0.44%	0.36%
	NFLX	B	0.61%	0.69%	0.61%
	NKE	D	0.2%	0.23%	0.2%
	NOC	A	0.16%	0.18%	0.16%
	NOW	A	0.38%	0.39%	0.38%
	NSC	C	0.12%	0.14%	0.12%
	NTAP	D	0.05%	0.05%	0.05%
	NTRS	B	0.04%	0.04%	0.04%
	NUE	F	0.07%	0.09%	0.07%
	NVDA	D	5.86%	6.04%	5.86%
	NVR	B	0.06%	0.07%	0.06%
	O	C	0.11%	0.13%	0.11%
	ODFL	D	0.08%	0.08%	0.08%
	OKE	B	0.11%	0.12%	0.11%
	OMC	B	0.04%	0.05%	0.04%
	ON	F	0.06%	0.07%	0.06%
	ORCL	B	0.52%	0.5%	0.5%
	OXY	F	0.07%	0.08%	0.07%
	PANW	C	0.23%	0.24%	0.23%
	PAYX	C	0.09%	0.1%	0.09%
	PCAR	D	0.1%	0.12%	0.1%
	PCG	C	0.09%	0.1%	0.09%
	PEG	B	0.09%	0.1%	0.09%
	PEP	D	0.51%	0.6%	0.51%
	PFG	B	0.04%	0.04%	0.04%
	PG	C	0.87%	0.95%	0.87%
	PGR	A	0.31%	0.36%	0.31%
	PH	A	0.16%	0.18%	0.16%
	PHM	B	0.06%	0.07%	0.06%
	PLD	C	0.25%	0.28%	0.25%
	PNC	A	0.15%	0.17%	0.15%
	PPG	D	0.06%	0.07%	0.06%
	PPL	B	0.05%	0.06%	0.05%
	PRU	C	0.09%	0.1%	0.09%
	PSA	B	0.12%	0.13%	0.12%
	PSX	D	0.11%	0.13%	0.11%
	PTC	D	0.04%	0.05%	0.04%
	PWR	B	0.08%	0.09%	0.08%
	PYPL	B	0.15%	0.18%	0.15%
	QCOM	F	0.39%	0.41%	0.39%
	RCL	A	0.08%	0.09%	0.08%
	REGN	C	0.25%	0.27%	0.25%
	RF	B	0.04%	0.05%	0.04%
	RJF	C	0.05%	0.05%	0.05%
	ROK	F	0.06%	0.07%	0.06%
	ROL	C	0.03%	0.03%	0.03%
	ROP	C	0.12%	0.13%	0.12%
	ROST	C	0.1%	0.12%	0.1%
	RSG	D	0.09%	0.1%	0.09%
	RTX	C	0.33%	0.38%	0.33%
	SCHW	D	0.2%	0.21%	0.2%
	SHW	B	0.19%	0.21%	0.19%
	SLB	F	0.12%	0.14%	0.12%
	SMCI	F	0.05%	0.05%	0.05%
	SNPS	D	0.16%	0.17%	0.16%
	SO	A	0.2%	0.23%	0.2%
	SPG	A	0.11%	0.12%	0.11%
	SPGI	A	0.34%	0.38%	0.34%
	SRE	B	0.11%	0.12%	0.11%
	STE	C	0.05%	0.06%	0.05%
	STLD	D	0.03%	0.04%	0.03%
	STT	B	0.05%	0.06%	0.05%
	STZ	D	0.08%	0.09%	0.08%
	SW	C	0.05%	0.03%	0.03%
	SWK	B	0.03%	0.04%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	C	0.04%	0.04%	0.04%
	SYK	C	0.25%	0.29%	0.25%
	SYY	D	0.08%	0.09%	0.08%
	T	C	0.32%	0.37%	0.32%
	TDY	C	0.04%	0.05%	0.04%
	TEL	D	0.09%	0.11%	0.09%
	TER	D	0.04%	0.04%	0.04%
	TFC	D	0.12%	0.13%	0.12%
	TGT	C	0.14%	0.17%	0.14%
	TJX	C	0.29%	0.3%	0.29%
	TMO	C	0.5%	0.55%	0.5%
	TMUS	C	0.2%	0.25%	0.2%
	TRGP	B	0.07%	0.07%	0.07%
	TRMB	C	0.03%	0.03%	0.03%
	TROW	D	0.05%	0.05%	0.05%
	TRV	C	0.11%	0.13%	0.11%
	TSCO	C	0.06%	0.07%	0.06%
	TSN	D	0.04%	0.04%	0.04%
	TT	A	0.17%	0.19%	0.17%
	TXN	C	0.39%	0.41%	0.39%
	TYL	C	0.05%	0.06%	0.05%
	UAL	C	0.03%	0.04%	0.03%
	UBER	C	0.3%	0.29%	0.29%
	ULTA	D	0.04%	0.04%	0.04%
	UNH	C	1.15%	1.28%	1.15%
	UNP	C	0.32%	0.37%	0.32%
	UPS	F	0.2%	0.22%	0.2%
	URI	B	0.1%	0.12%	0.1%
	USB	B	0.14%	0.17%	0.14%
	V	C	0.95%	1.07%	0.95%
	VICI	C	0.07%	0.08%	0.07%
	VLO	F	0.09%	0.11%	0.09%
	VLTO	B	0.05%	0.06%	0.05%
	VMC	D	0.06%	0.08%	0.06%
	VRSK	D	0.08%	0.09%	0.08%
	VRTX	D	0.26%	0.28%	0.26%
	VST	A	0.06%	0.07%	0.06%
	VTR	C	0.05%	0.06%	0.05%
	VTRS	D	0.03%	0.03%	0.03%
	VZ	B	0.39%	0.45%	0.39%
	WAB	A	0.06%	0.07%	0.06%
	WBD	D	0.03%	0.04%	0.03%
	WDC	D	0.04%	0.05%	0.04%
	WEC	B	0.06%	0.07%	0.06%
	WELL	C	0.16%	0.17%	0.16%
	WFC	D	0.4%	0.45%	0.4%
	WM	D	0.18%	0.19%	0.18%
	WMB	B	0.11%	0.13%	0.11%
	WMT	C	0.73%	0.79%	0.73%
	WRB	C	0.04%	0.04%	0.04%
	WST	D	0.05%	0.05%	0.05%
	WTW	C	0.06%	0.07%	0.06%
	WY	C	0.05%	0.05%	0.05%
	XEL	B	0.07%	0.08%	0.07%
	XOM	D	1.04%	1.24%	1.04%
	XYL	D	0.06%	0.08%	0.06%
	ZBH	F	0.05%	0.06%	0.05%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	C	0.19%	0.2%	0.19%

ONOF Overweight 114 Positions Relative to QVML

	Symbol	Grade	Weight
	GOOGL	D	1.88%
	TSLA	C	1.33%
	MCD	B	0.45%
	PM	C	0.41%
	AMGN	B	0.37%
	PFE	D	0.36%
	AMT	C	0.24%
	SBUX	C	0.23%
	BMY	C	0.21%
	GILD	B	0.21%
	BA	F	0.2%
	MELI	B	0.2%
	KKR	A	0.17%
	EQIX	B	0.17%
	MMM	A	0.15%
	TDG	B	0.15%
	MRVL	C	0.14%
	ORLY	D	0.14%
	AON	B	0.14%
	PLTR	B	0.14%
	APD	B	0.13%
	CRWD	D	0.12%
	NEM	B	0.12%
	CCI	C	0.11%
	HLT	B	0.11%
	WDAY	D	0.11%
	AZO	D	0.11%
	FICO	B	0.1%
	FIS	B	0.1%
	FTNT	B	0.1%
	SPOT	B	0.1%
	DASH	C	0.09%
	MSCI	C	0.09%
	APO	B	0.09%
	TTD	B	0.09%
	RMD	C	0.08%
	YUM	F	0.08%
	OTIS	C	0.08%
	FLUT	B	0.08%
	LNG	C	0.08%
	COIN	F	0.07%
	ALNY	C	0.07%
	VEEV	C	0.07%
	SQ	D	0.07%
	SNOW	F	0.07%
	TEAM	D	0.06%
	DXCM	F	0.06%
	VRT	C	0.06%
	AWK	C	0.06%
	DDOG	D	0.06%
	BIIB	F	0.06%
	DELL	C	0.06%
	MTD	D	0.06%
	RBLX	B	0.05%
	NET	D	0.05%
	HUBS	D	0.05%
	TTWO	D	0.05%
	CPNG	A	0.05%
	SBAC	C	0.05%
	ARES	A	0.05%
	PINS	F	0.04%
	SUI	C	0.04%
	AVTR	B	0.04%
	ZM	C	0.04%
	DKNG	C	0.04%
	LII	B	0.04%
	EL	F	0.04%
	APP	B	0.04%
	TRU	B	0.04%
	CSL	B	0.04%
	WAT	C	0.04%
	BAH	B	0.04%
	STX	C	0.04%
	MKL	C	0.04%
	ILMN	C	0.04%
	MSTR	D	0.04%
	GDDY	C	0.04%
	MDB	D	0.04%
	FCNCA	D	0.04%
	IBKR	A	0.03%
	ERIE	B	0.03%
	CVNA	B	0.03%
	TW	B	0.03%
	ENPH	D	0.03%
	PSTG	F	0.03%
	HEI	A	0.03%
	ZS	F	0.03%
	RS	D	0.03%
	LPLA	D	0.03%
	BMRN	F	0.03%
	SSNC	B	0.03%
	VRSN	D	0.03%
	WSO	C	0.03%
	WSM	D	0.03%
	ENTG	F	0.03%
	BSY	D	0.02%
	TKO	B	0.02%
	SCCO	D	0.02%
	OWL	C	0.02%
	IOT	A	0.02%
	SNAP	F	0.02%
	DOX	C	0.02%
	HOOD	C	0.02%
	HEI	A	0.02%
	RPRX	D	0.02%
	OKTA	F	0.02%
	GFS	F	0.01%
	WMG	D	0.01%
	WLK	D	0.01%
	FOX	B	0.01%
	CELH	F	0.01%
	EDR	A	0.0%
	RKT	C	0.0%
	AGR	B	0.0%

ONOF Underweight 65 Positions Relative to QVML

	Symbol	Grade	Weight
	NXPI	D	-0.13%
	KEY	B	-0.04%
	KIM	C	-0.04%
	IP	C	-0.04%
	TXT	D	-0.04%
	MAS	B	-0.04%
	NRG	A	-0.04%
	PKG	B	-0.04%
	ALB	F	-0.03%
	CHRW	A	-0.03%
	KMX	D	-0.03%
	EPAM	F	-0.03%
	TFX	C	-0.03%
	IPG	C	-0.03%
	EMN	B	-0.03%
	SJM	C	-0.03%
	ALLE	C	-0.03%
	HST	C	-0.03%
	FFIV	B	-0.03%
	JNPR	A	-0.03%
	CPT	B	-0.03%
	JKHY	C	-0.03%
	NWSA	D	-0.03%
	DPZ	D	-0.03%
	UDR	C	-0.03%
	NI	B	-0.03%
	UHS	B	-0.03%
	REG	C	-0.03%
	POOL	D	-0.03%
	SNA	C	-0.03%
	PNR	B	-0.03%
	WBA	F	-0.02%
	AAL	D	-0.02%
	BIO	C	-0.02%
	IVZ	B	-0.02%
	BBWI	F	-0.02%
	NCLH	C	-0.02%
	RL	B	-0.02%
	BWA	D	-0.02%
	PAYC	D	-0.02%
	CZR	C	-0.02%
	FMC	C	-0.02%
	DVA	B	-0.02%
	MHK	C	-0.02%
	GNRC	D	-0.02%
	HSIC	D	-0.02%
	FRT	C	-0.02%
	GL	C	-0.02%
	APA	F	-0.02%
	MKTX	C	-0.02%
	MOS	F	-0.02%
	DAY	D	-0.02%
	LW	D	-0.02%
	AOS	D	-0.02%
	TPR	C	-0.02%
	CRL	F	-0.02%
	SOLV	C	-0.02%
	QRVO	F	-0.02%
	PNW	B	-0.02%
	TAP	D	-0.02%
	AIZ	B	-0.02%
	LKQ	F	-0.02%
	HII	D	-0.02%
	PARA	F	-0.01%
	BEN	F	-0.01%

ONOF: Top Represented Industries & Keywords

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

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

QVML: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Semiconductors Business Services Oil & Gas E&P Asset Management Banks - Regional - US Packaged Foods Capital Markets Diagnostics & Research Aerospace & Defense Credit Services Health Care Plans Information Technology Services Insurance - Property & Casualty Medical Devices Medical Instruments & Supplies REIT - Residential Specialty Chemicals

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