ONOF vs. SPY ETF Comparison

Comparison of Global X Adaptive U.S. Risk Management ETF (ONOF) to SPDR S&P 500 (SPY)

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

$33.47

Average Daily Volume

10,597

Number of Holdings ^*

494

* may have additional holdings in another (foreign) market

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$561.40

Average Daily Volume

49,837,138

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	ONOF	SPY
30 Days	1.30%	0.32%
60 Days	-2.13%	2.26%
90 Days	-2.03%	2.96%
12 Months	13.20%	28.13%

423 Overlapping Holdings

Symbol	Grade	Weight in ONOF	Weight in SPY	Overlap
A	C	0.09%	0.09%	0.09%
AAPL	D	6.81%	6.87%	6.81%
ABBV	C	0.73%	0.74%	0.73%
ABNB	D	0.1%	0.11%	0.1%
ABT	C	0.43%	0.43%	0.43%
ACGL	B	0.08%	0.09%	0.08%
ACN	C	0.5%	0.47%	0.47%
ADBE	D	0.54%	0.56%	0.54%
ADI	D	0.24%	0.24%	0.24%
ADM	D	0.06%	0.06%	0.06%
ADP	B	0.24%	0.24%	0.24%
ADSK	B	0.12%	0.12%	0.12%
AEE	B	0.05%	0.05%	0.05%
AEP	B	0.11%	0.12%	0.11%
AFL	B	0.12%	0.12%	0.12%
AIG	D	0.1%	0.1%	0.1%
AJG	C	0.13%	0.14%	0.13%
AKAM	D	0.03%	0.03%	0.03%
ALGN	D	0.03%	0.03%	0.03%
ALL	A	0.1%	0.1%	0.1%
AMAT	D	0.33%	0.33%	0.33%
AMCR	C	0.03%	0.03%	0.03%
AMD	F	0.51%	0.52%	0.51%
AME	C	0.08%	0.08%	0.08%
AMGN	B	0.37%	0.38%	0.37%
AMP	B	0.09%	0.09%	0.09%
AMT	C	0.24%	0.24%	0.24%
AMZN	C	3.63%	3.61%	3.61%
ANET	B	0.17%	0.18%	0.17%
ANSS	F	0.06%	0.06%	0.06%
AON	B	0.14%	0.16%	0.14%
APD	B	0.13%	0.13%	0.13%
APH	D	0.16%	0.16%	0.16%
APTV	D	0.04%	0.04%	0.04%
ARE	B	0.04%	0.04%	0.04%
ATO	B	0.04%	0.04%	0.04%
AVB	B	0.07%	0.07%	0.07%
AVGO	C	1.52%	1.48%	1.48%
AVY	D	0.04%	0.04%	0.04%
AWK	A	0.06%	0.06%	0.06%
AXON	B	0.05%	0.05%	0.05%
AXP	B	0.31%	0.31%	0.31%
AZO	D	0.11%	0.12%	0.11%
BA	F	0.2%	0.2%	0.2%
BAC	D	0.56%	0.57%	0.56%
BALL	C	0.04%	0.04%	0.04%
BAX	C	0.04%	0.04%	0.04%
BBY	B	0.04%	0.04%	0.04%
BDX	F	0.14%	0.14%	0.14%
BG	D	0.03%	0.03%	0.03%
BIIB	F	0.06%	0.06%	0.06%
BK	A	0.11%	0.11%	0.11%
BKNG	B	0.27%	0.28%	0.27%
BKR	D	0.07%	0.07%	0.07%
BLDR	C	0.04%	0.04%	0.04%
BLK	A	0.27%	0.26%	0.26%
BMY	C	0.21%	0.21%	0.21%
BR	D	0.05%	0.05%	0.05%
BRK.A	C	1.24%	1.76%	1.24%
BRO	C	0.05%	0.05%	0.05%
BSX	B	0.26%	0.26%	0.26%
BX	B	0.21%	0.22%	0.21%
BXP	B	0.02%	0.02%	0.02%
C	D	0.22%	0.23%	0.22%
CAG	B	0.03%	0.03%	0.03%
CAH	C	0.06%	0.06%	0.06%
CARR	B	0.12%	0.13%	0.12%
CAT	C	0.35%	0.35%	0.35%
CB	B	0.24%	0.25%	0.24%
CBOE	C	0.05%	0.05%	0.05%
CBRE	A	0.08%	0.07%	0.07%
CCI	B	0.11%	0.11%	0.11%
CCL	C	0.03%	0.04%	0.03%
CDNS	D	0.15%	0.15%	0.15%
CDW	D	0.06%	0.06%	0.06%
CE	D	0.03%	0.03%	0.03%
CEG	C	0.12%	0.13%	0.12%
CF	B	0.03%	0.03%	0.03%
CFG	D	0.04%	0.04%	0.04%
CHD	C	0.05%	0.05%	0.05%
CHTR	D	0.07%	0.07%	0.07%
CI	C	0.21%	0.22%	0.21%
CINF	B	0.04%	0.05%	0.04%
CL	C	0.19%	0.19%	0.19%
CLX	C	0.04%	0.04%	0.04%
CMCSA	D	0.32%	0.32%	0.32%
CME	C	0.17%	0.17%	0.17%
CMG	C	0.16%	0.16%	0.16%
CMI	C	0.08%	0.09%	0.08%
CMS	A	0.04%	0.04%	0.04%
CNC	C	0.08%	0.08%	0.08%
CNP	C	0.04%	0.04%	0.04%
COF	C	0.11%	0.11%	0.11%
COP	D	0.25%	0.26%	0.25%
COST	C	0.84%	0.85%	0.84%
CPAY	B	0.04%	0.05%	0.04%
CPB	B	0.02%	0.02%	0.02%
CPRT	D	0.09%	0.09%	0.09%
CRM	D	0.5%	0.52%	0.5%
CRWD	F	0.12%	0.13%	0.12%
CSCO	B	0.42%	0.43%	0.42%
CSGP	D	0.07%	0.07%	0.07%
CSX	D	0.14%	0.14%	0.14%
CTAS	C	0.15%	0.15%	0.15%
CTRA	F	0.04%	0.04%	0.04%
CTSH	C	0.08%	0.08%	0.08%
CTVA	B	0.08%	0.08%	0.08%
CVS	D	0.15%	0.15%	0.15%
CVX	D	0.49%	0.51%	0.49%
D	C	0.1%	0.1%	0.1%
DAL	C	0.06%	0.06%	0.06%
DD	B	0.06%	0.07%	0.06%
DE	B	0.21%	0.22%	0.21%
DECK	C	0.05%	0.05%	0.05%
DFS	C	0.07%	0.07%	0.07%
DG	F	0.04%	0.04%	0.04%
DGX	B	0.04%	0.04%	0.04%
DHI	B	0.12%	0.12%	0.12%
DHR	B	0.38%	0.38%	0.38%
DIS	D	0.34%	0.34%	0.34%
DLR	B	0.11%	0.11%	0.11%
DLTR	F	0.03%	0.03%	0.03%
DOC	C	0.03%	0.03%	0.03%
DOV	B	0.05%	0.05%	0.05%
DOW	D	0.08%	0.08%	0.08%
DRI	C	0.04%	0.04%	0.04%
DTE	B	0.05%	0.05%	0.05%
DUK	C	0.19%	0.19%	0.19%
DVN	F	0.05%	0.05%	0.05%
DXCM	F	0.06%	0.06%	0.06%
EA	D	0.07%	0.08%	0.07%
EBAY	B	0.06%	0.07%	0.06%
ECL	B	0.13%	0.14%	0.13%
ED	C	0.08%	0.08%	0.08%
EFX	C	0.08%	0.08%	0.08%
EG	B	0.03%	0.03%	0.03%
EIX	C	0.07%	0.07%	0.07%
EL	F	0.04%	0.04%	0.04%
ELV	C	0.27%	0.27%	0.27%
EMR	D	0.12%	0.12%	0.12%
ENPH	C	0.03%	0.03%	0.03%
EOG	D	0.14%	0.15%	0.14%
EQIX	B	0.17%	0.18%	0.17%
EQR	B	0.05%	0.06%	0.05%
EQT	D	0.03%	0.04%	0.03%
ES	C	0.05%	0.05%	0.05%
ESS	B	0.04%	0.04%	0.04%
ETN	C	0.25%	0.25%	0.25%
ETR	A	0.05%	0.06%	0.05%
EVRG	A	0.03%	0.03%	0.03%
EW	F	0.09%	0.09%	0.09%
EXC	B	0.08%	0.08%	0.08%
EXPD	B	0.04%	0.04%	0.04%
EXPE	C	0.03%	0.04%	0.03%
EXR	B	0.08%	0.08%	0.08%
F	D	0.09%	0.09%	0.09%
FANG	D	0.06%	0.06%	0.06%
FAST	C	0.08%	0.08%	0.08%
FCX	D	0.12%	0.13%	0.12%
FDS	C	0.03%	0.04%	0.03%
FDX	C	0.14%	0.14%	0.14%
FE	C	0.05%	0.05%	0.05%
FICO	A	0.1%	0.1%	0.1%
FIS	B	0.1%	0.1%	0.1%
FITB	B	0.06%	0.06%	0.06%
FOX	B	0.01%	0.01%	0.01%
FOXA	B	0.02%	0.02%	0.02%
FSLR	C	0.05%	0.05%	0.05%
FTNT	C	0.1%	0.1%	0.1%
FTV	C	0.05%	0.05%	0.05%
GD	B	0.14%	0.15%	0.14%
GDDY	C	0.04%	0.05%	0.04%
GE	B	0.38%	0.39%	0.38%
GEHC	C	0.08%	0.08%	0.08%
GEV	B	0.12%	0.12%	0.12%
GILD	B	0.21%	0.22%	0.21%
GIS	B	0.09%	0.09%	0.09%
GLW	B	0.07%	0.07%	0.07%
GM	B	0.11%	0.11%	0.11%
GOOG	D	1.69%	1.59%	1.59%
GOOGL	D	1.88%	1.9%	1.88%
GPC	D	0.04%	0.04%	0.04%
GPN	D	0.06%	0.06%	0.06%
GRMN	D	0.06%	0.06%	0.06%
GS	D	0.32%	0.33%	0.32%
GWW	B	0.08%	0.09%	0.08%
HAL	F	0.05%	0.05%	0.05%
HBAN	B	0.04%	0.04%	0.04%
HCA	B	0.16%	0.16%	0.16%
HD	B	0.78%	0.79%	0.78%
HES	D	0.07%	0.07%	0.07%
HIG	A	0.07%	0.07%	0.07%
HLT	B	0.11%	0.11%	0.11%
HOLX	B	0.04%	0.04%	0.04%
HON	D	0.28%	0.28%	0.28%
HPE	D	0.04%	0.05%	0.04%
HPQ	D	0.07%	0.06%	0.06%
HRL	C	0.02%	0.02%	0.02%
HSY	C	0.06%	0.06%	0.06%
HUBB	B	0.04%	0.05%	0.04%
HUM	F	0.08%	0.08%	0.08%
HWM	B	0.08%	0.08%	0.08%
IBM	B	0.41%	0.41%	0.41%
ICE	B	0.19%	0.2%	0.19%
IDXX	C	0.08%	0.09%	0.08%
IEX	D	0.03%	0.03%	0.03%
IFF	B	0.06%	0.06%	0.06%
INCY	C	0.02%	0.02%	0.02%
INTC	F	0.18%	0.18%	0.18%
INTU	D	0.37%	0.39%	0.37%
INVH	C	0.04%	0.04%	0.04%
IQV	C	0.09%	0.09%	0.09%
IR	C	0.08%	0.08%	0.08%
IRM	B	0.07%	0.07%	0.07%
ISRG	C	0.37%	0.37%	0.37%
IT	B	0.08%	0.08%	0.08%
ITW	B	0.16%	0.14%	0.14%
J	D	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%	0.1%	0.1%
JNJ	B	0.84%	0.85%	0.84%
JPM	D	1.26%	1.27%	1.26%
K	A	0.04%	0.05%	0.04%
KDP	A	0.08%	0.08%	0.08%
KEYS	C	0.05%	0.06%	0.05%
KHC	C	0.06%	0.06%	0.06%
KKR	B	0.17%	0.17%	0.17%
KLAC	D	0.21%	0.22%	0.21%
KMB	D	0.1%	0.1%	0.1%
KMI	A	0.09%	0.09%	0.09%
KO	B	0.59%	0.59%	0.59%
KR	B	0.07%	0.07%	0.07%
KVUE	B	0.09%	0.09%	0.09%
L	B	0.03%	0.03%	0.03%
LDOS	C	0.04%	0.04%	0.04%
LEN	B	0.0%	0.09%	0.0%
LEN	B	0.09%	0.09%	0.09%
LHX	D	0.09%	0.09%	0.09%
LIN	B	0.47%	0.48%	0.47%
LLY	C	1.66%	1.57%	1.57%
LMT	C	0.29%	0.26%	0.26%
LNT	A	0.03%	0.03%	0.03%
LOW	B	0.3%	0.3%	0.3%
LRCX	F	0.21%	0.21%	0.21%
LULU	D	0.06%	0.06%	0.06%
LUV	C	0.04%	0.04%	0.04%
LVS	D	0.03%	0.03%	0.03%
LYB	F	0.05%	0.05%	0.05%
LYV	B	0.03%	0.03%	0.03%
MA	B	0.85%	0.86%	0.85%
MAA	B	0.04%	0.04%	0.04%
MAR	C	0.12%	0.12%	0.12%
MCD	C	0.45%	0.45%	0.45%
MCHP	D	0.09%	0.09%	0.09%
MCK	F	0.14%	0.14%	0.14%
MCO	A	0.16%	0.16%	0.16%
MDLZ	B	0.21%	0.21%	0.21%
MDT	C	0.24%	0.26%	0.24%
MET	A	0.09%	0.1%	0.09%
META	A	2.39%	2.4%	2.39%
MGM	D	0.02%	0.02%	0.02%
MKC	B	0.04%	0.04%	0.04%
MLM	D	0.07%	0.07%	0.07%
MMC	C	0.24%	0.24%	0.24%
MMM	B	0.15%	0.15%	0.15%
MNST	C	0.07%	0.08%	0.07%
MO	C	0.19%	0.2%	0.19%
MOH	C	0.04%	0.04%	0.04%
MPC	D	0.12%	0.12%	0.12%
MPWR	C	0.09%	0.09%	0.09%
MRK	D	0.62%	0.62%	0.62%
MRNA	F	0.06%	0.06%	0.06%
MRO	D	0.03%	0.03%	0.03%
MS	D	0.26%	0.26%	0.26%
MSCI	C	0.09%	0.1%	0.09%
MSFT	C	6.58%	6.73%	6.58%
MSI	C	0.15%	0.15%	0.15%
MTB	B	0.06%	0.06%	0.06%
MTD	D	0.06%	0.06%	0.06%
MU	F	0.21%	0.21%	0.21%
NDAQ	B	0.06%	0.06%	0.06%
NDSN	C	0.03%	0.03%	0.03%
NEE	B	0.36%	0.37%	0.36%
NEM	B	0.12%	0.13%	0.12%
NFLX	B	0.61%	0.63%	0.61%
NKE	D	0.2%	0.2%	0.2%
NOC	B	0.16%	0.15%	0.15%
NOW	A	0.38%	0.38%	0.38%
NSC	C	0.12%	0.12%	0.12%
NTAP	D	0.05%	0.05%	0.05%
NTRS	B	0.04%	0.04%	0.04%
NUE	F	0.07%	0.07%	0.07%
NVDA	D	5.86%	6.15%	5.86%
NVR	B	0.06%	0.06%	0.06%
O	B	0.11%	0.12%	0.11%
ODFL	C	0.08%	0.07%	0.07%
OKE	B	0.11%	0.11%	0.11%
OMC	A	0.04%	0.04%	0.04%
ON	D	0.06%	0.06%	0.06%
ORCL	B	0.52%	0.54%	0.52%
ORLY	B	0.14%	0.14%	0.14%
OTIS	D	0.08%	0.08%	0.08%
OXY	F	0.07%	0.07%	0.07%
PANW	D	0.23%	0.24%	0.23%
PAYX	C	0.09%	0.09%	0.09%
PCAR	D	0.1%	0.11%	0.1%
PCG	C	0.09%	0.09%	0.09%
PEG	B	0.09%	0.09%	0.09%
PEP	C	0.51%	0.52%	0.51%
PFE	C	0.36%	0.36%	0.36%
PFG	B	0.04%	0.04%	0.04%
PG	C	0.87%	0.88%	0.87%
PGR	A	0.31%	0.31%	0.31%
PH	B	0.16%	0.16%	0.16%
PHM	B	0.06%	0.06%	0.06%
PLD	C	0.25%	0.26%	0.25%
PM	C	0.41%	0.42%	0.41%
PNC	B	0.15%	0.15%	0.15%
PPG	C	0.06%	0.06%	0.06%
PPL	C	0.05%	0.05%	0.05%
PRU	C	0.09%	0.09%	0.09%
PSA	B	0.12%	0.12%	0.12%
PSX	D	0.11%	0.11%	0.11%
PTC	D	0.04%	0.04%	0.04%
PWR	B	0.08%	0.08%	0.08%
PYPL	B	0.15%	0.16%	0.15%
QCOM	D	0.39%	0.4%	0.39%
RCL	B	0.08%	0.08%	0.08%
REGN	C	0.25%	0.26%	0.25%
RF	B	0.04%	0.04%	0.04%
RJF	C	0.05%	0.05%	0.05%
RMD	C	0.08%	0.08%	0.08%
ROK	D	0.06%	0.06%	0.06%
ROL	C	0.03%	0.03%	0.03%
ROP	C	0.12%	0.13%	0.12%
ROST	C	0.1%	0.11%	0.1%
RSG	D	0.09%	0.09%	0.09%
RTX	C	0.33%	0.34%	0.33%
SBAC	C	0.05%	0.06%	0.05%
SBUX	C	0.23%	0.24%	0.23%
SCHW	D	0.2%	0.2%	0.2%
SHW	B	0.19%	0.19%	0.19%
SLB	F	0.12%	0.12%	0.12%
SMCI	F	0.05%	0.05%	0.05%
SNPS	D	0.16%	0.16%	0.16%
SO	B	0.2%	0.21%	0.2%
SPG	B	0.11%	0.11%	0.11%
SPGI	B	0.34%	0.35%	0.34%
SRE	B	0.11%	0.11%	0.11%
STE	C	0.05%	0.05%	0.05%
STLD	D	0.03%	0.03%	0.03%
STT	A	0.05%	0.05%	0.05%
STX	D	0.04%	0.04%	0.04%
STZ	C	0.08%	0.09%	0.08%
SW	B	0.05%	0.05%	0.05%
SWK	B	0.03%	0.03%	0.03%
SWKS	F	0.03%	0.03%	0.03%
SYF	C	0.04%	0.04%	0.04%
SYK	C	0.25%	0.27%	0.25%
SYY	D	0.08%	0.08%	0.08%
T	B	0.32%	0.33%	0.32%
TDG	B	0.15%	0.16%	0.15%
TDY	C	0.04%	0.04%	0.04%
TEL	D	0.09%	0.09%	0.09%
TER	D	0.04%	0.04%	0.04%
TFC	D	0.12%	0.12%	0.12%
TGT	C	0.14%	0.15%	0.14%
TJX	C	0.29%	0.29%	0.29%
TMO	C	0.5%	0.51%	0.5%
TMUS	C	0.2%	0.22%	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	B	0.11%	0.11%	0.11%
TSCO	C	0.06%	0.06%	0.06%
TSLA	C	1.33%	1.35%	1.33%
TSN	C	0.04%	0.04%	0.04%
TT	B	0.17%	0.17%	0.17%
TTWO	D	0.05%	0.05%	0.05%
TXN	C	0.39%	0.39%	0.39%
TYL	C	0.05%	0.05%	0.05%
UAL	B	0.03%	0.03%	0.03%
UBER	C	0.3%	0.31%	0.3%
ULTA	D	0.04%	0.04%	0.04%
UNH	C	1.15%	1.16%	1.15%
UNP	B	0.32%	0.32%	0.32%
UPS	D	0.2%	0.2%	0.2%
URI	B	0.1%	0.1%	0.1%
USB	B	0.14%	0.15%	0.14%
V	B	0.95%	0.96%	0.95%
VICI	C	0.07%	0.07%	0.07%
VLO	D	0.09%	0.09%	0.09%
VLTO	C	0.05%	0.05%	0.05%
VMC	D	0.06%	0.07%	0.06%
VRSK	D	0.08%	0.08%	0.08%
VRSN	D	0.03%	0.03%	0.03%
VRTX	D	0.26%	0.26%	0.26%
VST	C	0.06%	0.06%	0.06%
VTR	C	0.05%	0.06%	0.05%
VTRS	C	0.03%	0.03%	0.03%
VZ	B	0.39%	0.39%	0.39%
WAB	A	0.06%	0.06%	0.06%
WAT	C	0.04%	0.04%	0.04%
WBD	D	0.03%	0.03%	0.03%
WDC	D	0.04%	0.04%	0.04%
WEC	B	0.06%	0.06%	0.06%
WELL	B	0.16%	0.16%	0.16%
WFC	D	0.4%	0.4%	0.4%
WM	D	0.18%	0.16%	0.16%
WMB	B	0.11%	0.12%	0.11%
WMT	B	0.73%	0.72%	0.72%
WRB	C	0.04%	0.04%	0.04%
WST	D	0.05%	0.05%	0.05%
WTW	B	0.06%	0.06%	0.06%
WY	C	0.05%	0.05%	0.05%
XEL	A	0.07%	0.08%	0.07%
XOM	D	1.04%	1.05%	1.04%
XYL	D	0.06%	0.07%	0.06%
YUM	D	0.08%	0.08%	0.08%
ZBH	F	0.05%	0.05%	0.05%
ZBRA	B	0.04%	0.04%	0.04%
ZTS	B	0.19%	0.18%	0.18%

ONOF Overweight 71 Positions Relative to SPY

Symbol	Grade	Weight
MELI	B	0.2%
MRVL	C	0.14%
PLTR	B	0.14%
WDAY	D	0.11%
SPOT	B	0.1%
DASH	C	0.09%
APO	C	0.09%
TTD	B	0.09%
FLUT	B	0.08%
LNG	D	0.08%
COIN	F	0.07%
ALNY	B	0.07%
VEEV	C	0.07%
SQ	D	0.07%
SNOW	F	0.07%
TEAM	F	0.06%
VRT	C	0.06%
DDOG	D	0.06%
DELL	D	0.06%
RBLX	B	0.05%
NET	F	0.05%
HUBS	D	0.05%
CPNG	B	0.05%
ARES	B	0.05%
PINS	F	0.04%
SUI	B	0.04%
AVTR	B	0.04%
ZM	C	0.04%
DKNG	D	0.04%
LII	B	0.04%
APP	B	0.04%
TRU	B	0.04%
CSL	C	0.04%
BAH	B	0.04%
MKL	C	0.04%
ILMN	C	0.04%
MSTR	D	0.04%
MDB	D	0.04%
FCNCA	D	0.04%
IBKR	B	0.03%
ERIE	A	0.03%
CVNA	B	0.03%
TW	A	0.03%
PSTG	F	0.03%
HEI	B	0.03%
ZS	F	0.03%
RS	D	0.03%
LPLA	D	0.03%
BMRN	F	0.03%
SSNC	B	0.03%
WSO	C	0.03%
WSM	C	0.03%
ENTG	D	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	B	0.02%
RPRX	C	0.02%
OKTA	F	0.02%
GFS	F	0.01%
WMG	D	0.01%
WLK	D	0.01%
CELH	F	0.01%
EDR	A	0.0%
RKT	B	0.0%
AGR	B	0.0%

ONOF Underweight 74 Positions Relative to SPY

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