QARP vs. SHUS ETF Comparison

Comparison of Xtrackers Russell 1000 US QARP ETF (QARP) to Syntax Stratified U.S. Total Market Hedged ETF (SHUS)

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.85

Average Daily Volume

3,299

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

SHUS

Syntax Stratified U.S. Total Market Hedged ETF

SHUS Description

The investment seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 1500® Index over a full market cycle by investing in ETFs or underlying securities that provide Stratified WeightTM U.S. total equity market exposure to companies in the 1500 while seeking risk-managed growth via a defined risk hedging process. The fund will also invest in index options for risk management purposes and to seek to generate additional returns. Syntax?s Stratified Weight? is designed to correct for business risk concentrations that regularly occur in cap-weighted indices and equal-weighted indices.

Grade (RS Rating)

Last Trade

$44.29

Average Daily Volume

2,444

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	QARP	SHUS
30 Days	3.81%	2.26%
60 Days	3.83%	3.81%
90 Days	5.70%	5.24%
12 Months	26.96%	15.89%

250 Overlapping Holdings

Symbol	Grade	Weight in QARP	Weight in SHUS	Overlap
A	D	0.09%	0.15%	0.09%
AAPL	C	4.93%	0.49%	0.49%
ABBV	D	0.02%	0.24%	0.02%
ABNB	C	0.23%	0.12%	0.12%
ABT	B	0.22%	0.06%	0.06%
ACGL	D	0.23%	0.14%	0.14%
ACN	C	1.17%	0.13%	0.13%
ADBE	C	0.87%	0.15%	0.15%
ADI	D	0.08%	0.22%	0.08%
ADM	D	0.27%	0.36%	0.27%
ADP	B	0.21%	0.21%	0.21%
ADSK	A	0.06%	0.16%	0.06%
ALB	C	0.02%	0.05%	0.02%
ALGN	D	0.05%	0.1%	0.05%
AMAT	F	0.71%	0.17%	0.17%
AMCR	D	0.03%	0.12%	0.03%
AMD	F	0.07%	0.14%	0.07%
AMGN	D	0.03%	0.23%	0.03%
AMZN	C	3.85%	0.21%	0.21%
ANET	C	0.13%	0.21%	0.13%
AON	A	0.34%	0.04%	0.04%
AOS	F	0.06%	0.21%	0.06%
APA	D	0.02%	0.07%	0.02%
APTV	D	0.05%	0.39%	0.05%
ATO	A	0.08%	0.32%	0.08%
AZO	C	0.33%	0.15%	0.15%
BBWI	D	0.02%	0.19%	0.02%
BBY	D	0.22%	0.17%	0.17%
BIIB	F	0.02%	0.24%	0.02%
BKNG	A	0.81%	0.13%	0.13%
BKR	B	0.1%	0.35%	0.1%
BLDR	D	0.16%	0.19%	0.16%
BMY	B	0.62%	0.25%	0.25%
BRK.A	B	5.26%	0.49%	0.49%
BWA	D	0.06%	0.41%	0.06%
BX	A	0.06%	0.08%	0.06%
CAH	B	0.4%	0.19%	0.19%
CAT	B	0.66%	0.14%	0.14%
CBOE	B	0.08%	0.04%	0.04%
CBRE	B	0.09%	0.04%	0.04%
CCL	B	0.05%	0.09%	0.05%
CDNS	B	0.02%	0.33%	0.02%
CDW	F	0.02%	0.12%	0.02%
CE	F	0.02%	0.07%	0.02%
CF	B	0.13%	0.09%	0.09%
CHRW	C	0.06%	0.09%	0.06%
CHTR	C	0.13%	0.46%	0.13%
CI	F	0.55%	0.18%	0.18%
CINF	A	0.09%	0.14%	0.09%
CL	D	0.22%	0.4%	0.22%
CLX	B	0.07%	0.41%	0.07%
CMCSA	B	0.86%	0.51%	0.51%
CMG	B	0.11%	0.49%	0.11%
CMI	A	0.26%	0.08%	0.08%
CNC	D	0.24%	0.25%	0.24%
CNP	B	0.04%	0.25%	0.04%
COF	B	0.16%	0.69%	0.16%
COP	C	0.78%	0.07%	0.07%
COR	B	0.4%	0.18%	0.18%
COST	B	2.35%	0.7%	0.7%
CPB	D	0.02%	0.2%	0.02%
CPRT	A	0.07%	0.22%	0.07%
CSCO	B	1.97%	0.21%	0.21%
CSX	B	0.06%	0.08%	0.06%
CTAS	B	0.08%	0.17%	0.08%
CTRA	B	0.12%	0.17%	0.12%
CTSH	B	0.29%	0.13%	0.13%
CTVA	C	0.02%	0.08%	0.02%
CVS	D	0.19%	0.68%	0.19%
CVX	A	1.54%	0.75%	0.75%
DAL	C	0.22%	0.27%	0.22%
DD	D	0.02%	0.05%	0.02%
DE	A	0.25%	0.13%	0.13%
DECK	A	0.13%	0.29%	0.13%
DGX	A	0.03%	0.16%	0.03%
DHI	D	0.31%	0.23%	0.23%
DLTR	F	0.07%	0.17%	0.07%
DOW	F	0.07%	0.07%	0.07%
DPZ	C	0.03%	0.52%	0.03%
DRI	B	0.13%	0.5%	0.13%
DVN	F	0.16%	0.16%	0.16%
EA	A	0.21%	0.48%	0.21%
EBAY	D	0.09%	0.22%	0.09%
EG	C	0.06%	0.14%	0.06%
EL	F	0.02%	0.49%	0.02%
ELV	F	0.46%	0.24%	0.24%
EOG	A	0.51%	0.07%	0.07%
EPAM	C	0.04%	0.13%	0.04%
EW	C	0.06%	0.06%	0.06%
EXPD	D	0.13%	0.09%	0.09%
EXPE	B	0.17%	0.12%	0.12%
FANG	D	0.19%	0.07%	0.07%
FAST	B	0.22%	0.12%	0.12%
FCX	D	0.04%	0.29%	0.04%
FDS	B	0.1%	0.04%	0.04%
FDX	B	0.33%	0.07%	0.07%
FFIV	B	0.06%	0.2%	0.06%
FICO	B	0.08%	0.03%	0.03%
FOXA	B	0.03%	0.1%	0.03%
FTNT	C	0.22%	0.17%	0.17%
GEHC	F	0.14%	0.1%	0.1%
GEV	B	0.21%	0.18%	0.18%
GILD	C	0.32%	0.24%	0.24%
GIS	D	0.09%	0.21%	0.09%
GM	B	0.24%	0.24%	0.24%
GOOG	C	2.15%	0.22%	0.22%
GOOGL	C	2.38%	0.22%	0.22%
GPC	D	0.07%	0.15%	0.07%
GRMN	B	0.15%	0.32%	0.15%
GWW	B	0.28%	0.13%	0.13%
HAL	C	0.06%	0.33%	0.06%
HCA	F	0.26%	0.33%	0.26%
HD	A	1.98%	0.25%	0.25%
HII	D	0.02%	0.08%	0.02%
HOLX	D	0.04%	0.1%	0.04%
HPQ	B	0.08%	0.34%	0.08%
HST	C	0.03%	0.11%	0.03%
HSY	F	0.08%	0.17%	0.08%
HUM	C	0.32%	0.26%	0.26%
INCY	C	0.06%	0.25%	0.06%
INTC	D	0.08%	0.16%	0.08%
IP	B	0.05%	0.06%	0.05%
ISRG	A	0.18%	0.12%	0.12%
ITW	B	0.31%	0.17%	0.17%
J	F	0.03%	0.39%	0.03%
JBHT	C	0.05%	0.08%	0.05%
JBL	B	0.06%	0.37%	0.06%
JKHY	D	0.05%	0.05%	0.05%
JNJ	D	2.35%	0.23%	0.23%
JNPR	F	0.03%	0.19%	0.03%
K	A	0.06%	0.18%	0.06%
KEYS	A	0.12%	0.2%	0.12%
KLAC	D	0.16%	0.17%	0.16%
KMB	D	0.16%	0.41%	0.16%
KR	B	0.29%	0.73%	0.29%
KVUE	A	0.21%	0.41%	0.21%
LEN	D	0.4%	0.24%	0.24%
LH	C	0.07%	0.16%	0.07%
LKQ	D	0.02%	0.14%	0.02%
LLY	F	0.03%	0.23%	0.03%
LMT	D	0.71%	0.08%	0.08%
LOW	D	0.77%	0.25%	0.25%
LULU	C	0.17%	0.3%	0.17%
LUV	C	0.1%	0.25%	0.1%
LVS	C	0.05%	0.08%	0.05%
LYB	F	0.09%	0.07%	0.07%
LYV	A	0.09%	0.09%	0.09%
MA	C	1.57%	0.05%	0.05%
MAR	B	0.12%	0.12%	0.12%
MAS	D	0.07%	0.19%	0.07%
MCD	D	0.38%	0.49%	0.38%
MCHP	D	0.04%	0.13%	0.04%
MCK	B	1.18%	0.18%	0.18%
MCO	B	0.33%	0.04%	0.04%
META	D	5.09%	0.46%	0.46%
MGM	D	0.05%	0.07%	0.05%
MHK	D	0.02%	0.18%	0.02%
MKTX	D	0.05%	0.04%	0.04%
MMC	B	0.56%	0.03%	0.03%
MMM	D	0.11%	0.17%	0.11%
MNST	C	0.14%	0.25%	0.14%
MO	A	0.64%	0.35%	0.35%
MOH	F	0.06%	0.25%	0.06%
MOS	F	0.04%	0.08%	0.04%
MPC	D	0.26%	0.48%	0.26%
MRK	F	0.32%	0.24%	0.24%
MRNA	F	0.05%	0.23%	0.05%
MRO	B	0.11%	0.07%	0.07%
MSCI	C	0.22%	0.04%	0.04%
MSFT	F	2.01%	0.32%	0.32%
MTD	D	0.09%	0.14%	0.09%
MU	D	0.35%	0.15%	0.15%
NKE	D	0.31%	0.33%	0.31%
NTAP	C	0.07%	0.17%	0.07%
NUE	C	0.37%	0.25%	0.25%
NVDA	C	0.18%	0.13%	0.13%
NVR	D	0.23%	0.3%	0.23%
ODFL	B	0.18%	0.08%	0.08%
ON	D	0.04%	0.22%	0.04%
ORCL	B	0.05%	0.34%	0.05%
ORLY	B	0.37%	0.14%	0.14%
OTIS	C	0.04%	0.08%	0.04%
OXY	D	0.06%	0.07%	0.06%
PAYC	B	0.04%	0.21%	0.04%
PAYX	C	0.19%	0.21%	0.19%
PCAR	B	0.23%	0.12%	0.12%
PFE	D	0.47%	0.24%	0.24%
PG	A	1.38%	0.41%	0.41%
PGR	A	0.06%	0.19%	0.06%
PHM	D	0.21%	0.25%	0.21%
PKG	A	0.06%	0.06%	0.06%
PM	B	0.56%	0.35%	0.35%
POOL	C	0.06%	0.13%	0.06%
PSA	D	0.31%	0.1%	0.1%
PSX	C	0.12%	0.5%	0.12%
PWR	A	0.06%	0.4%	0.06%
PYPL	B	0.34%	0.06%	0.06%
QCOM	F	0.25%	0.22%	0.22%
REGN	F	0.25%	0.23%	0.23%
RL	B	0.05%	0.32%	0.05%
ROK	B	0.09%	0.03%	0.03%
ROL	B	0.04%	0.18%	0.04%
ROST	C	0.25%	0.71%	0.25%
SBUX	A	0.51%	0.48%	0.48%
SJM	D	0.03%	0.21%	0.03%
SLB	C	0.14%	0.34%	0.14%
SNA	A	0.12%	0.25%	0.12%
SOLV	C	0.1%	0.05%	0.05%
SPG	B	0.2%	0.06%	0.06%
SPGI	C	0.07%	0.04%	0.04%
STLD	B	0.25%	0.27%	0.25%
SWKS	F	0.08%	0.21%	0.08%
SYF	B	0.14%	0.68%	0.14%
SYY	B	0.33%	0.73%	0.33%
T	A	0.72%	0.33%	0.33%
TAP	C	0.03%	0.25%	0.03%
TER	D	0.03%	0.16%	0.03%
TGT	F	0.32%	0.17%	0.17%
TJX	A	0.82%	0.71%	0.71%
TPR	B	0.12%	0.32%	0.12%
TROW	B	0.25%	0.08%	0.08%
TSCO	D	0.15%	0.12%	0.12%
TSLA	B	0.83%	0.27%	0.27%
TSN	B	0.04%	0.35%	0.04%
TT	A	0.08%	0.08%	0.08%
TXN	C	0.36%	0.22%	0.22%
TXT	D	0.06%	0.16%	0.06%
UAL	A	0.11%	0.28%	0.11%
UHS	D	0.05%	0.32%	0.05%
ULTA	F	0.14%	0.17%	0.14%
UNH	C	2.36%	0.25%	0.25%
UNP	C	0.12%	0.08%	0.08%
UPS	C	0.4%	0.08%	0.08%
URI	B	0.22%	0.14%	0.14%
V	A	1.84%	0.04%	0.04%
VICI	C	0.08%	0.06%	0.06%
VLO	C	0.18%	0.49%	0.18%
VRSN	F	0.06%	0.27%	0.06%
VRTX	F	0.2%	0.23%	0.2%
VST	B	0.23%	0.4%	0.23%
VZ	C	0.67%	0.32%	0.32%
WAT	B	0.03%	0.15%	0.03%
WBD	C	0.04%	0.19%	0.04%
WMT	A	3.0%	0.72%	0.72%
WST	C	0.08%	0.05%	0.05%
WTW	B	0.03%	0.04%	0.03%
WY	D	0.08%	0.17%	0.08%
WYNN	D	0.04%	0.08%	0.04%
XOM	B	3.2%	0.75%	0.75%
YUM	B	0.05%	0.5%	0.05%

QARP Overweight 95 Positions Relative to SHUS

Symbol	Grade	Weight
LRCX	F	0.42%
WSM	B	0.21%
LPLA	A	0.2%
RS	B	0.17%
EME	C	0.16%
FCNCA	A	0.15%
CASY	A	0.13%
OC	A	0.13%
BJ	A	0.11%
MTG	C	0.11%
EVR	B	0.11%
CPNG	D	0.1%
UTHR	C	0.1%
DKS	C	0.09%
AMG	B	0.09%
LNG	B	0.08%
HRB	D	0.08%
WSO	A	0.08%
PFGC	B	0.08%
DOX	D	0.07%
GGG	B	0.07%
RHI	B	0.07%
SEIC	B	0.07%
TOL	B	0.07%
AYI	B	0.07%
RNR	C	0.06%
ACI	C	0.06%
EXP	A	0.06%
AGCO	D	0.06%
TXRH	C	0.06%
SKX	D	0.06%
COIN	C	0.06%
ALK	C	0.05%
BLD	D	0.05%
LSTR	D	0.05%
CSL	C	0.05%
ITT	A	0.05%
FIX	A	0.05%
SAIA	B	0.05%
CLF	F	0.05%
MUSA	A	0.05%
OSK	B	0.04%
NYT	C	0.04%
X	C	0.04%
AAL	B	0.04%
ACM	A	0.04%
CHE	D	0.04%
USFD	A	0.04%
KNSL	B	0.04%
LPX	B	0.04%
ARMK	B	0.04%
ALSN	B	0.04%
LEA	D	0.04%
GNTX	C	0.04%
COKE	C	0.04%
LECO	B	0.04%
CNM	D	0.04%
BURL	A	0.04%
FND	C	0.04%
CHRD	D	0.04%
DBX	B	0.04%
INGR	B	0.04%
DCI	B	0.04%
HLI	B	0.04%
OLN	D	0.03%
PINC	B	0.03%
MTZ	B	0.03%
FCN	D	0.03%
RLI	B	0.03%
G	B	0.03%
MSM	C	0.03%
PVH	C	0.03%
GLPI	C	0.03%
KNX	B	0.03%
THO	B	0.03%
VVV	F	0.03%
RPRX	D	0.03%
GAP	C	0.03%
LOPE	B	0.03%
OVV	B	0.03%
JHG	A	0.03%
MEDP	D	0.03%
LAMR	D	0.03%
EXEL	B	0.03%
DINO	D	0.02%
NEU	C	0.02%
FIVE	F	0.02%
AR	B	0.02%
TTEK	F	0.02%
M	D	0.02%
CROX	D	0.02%
SSD	D	0.02%
PII	D	0.02%
CRUS	D	0.02%
IWB	A	0.0%

QARP Underweight 250 Positions Relative to SHUS

Symbol	Grade	Weight
DFS	B	-0.68%
WBA	F	-0.63%
L	A	-0.49%
MSI	B	-0.49%
TTWO	A	-0.48%
MTCH	D	-0.46%
CHD	B	-0.41%
CEG	D	-0.38%
HRL	D	-0.36%
BG	F	-0.36%
CRM	B	-0.35%
SNPS	B	-0.34%
TMUS	B	-0.33%
IPG	D	-0.33%
OMC	C	-0.33%
IBM	C	-0.33%
AWK	D	-0.32%
NI	A	-0.32%
NRG	B	-0.32%
AES	F	-0.31%
EXC	C	-0.29%
MS	A	-0.26%
HUBB	B	-0.26%
ETN	A	-0.26%
EQIX	A	-0.26%
SWK	D	-0.26%
DLR	B	-0.26%
GDDY	A	-0.26%
AKAM	D	-0.26%
ZTS	D	-0.25%
STZ	D	-0.25%
KMI	A	-0.25%
ETR	B	-0.25%
SCHW	B	-0.25%
RJF	A	-0.25%
ENPH	F	-0.25%
HAS	D	-0.25%
PEG	A	-0.25%
GS	A	-0.25%
AEP	D	-0.24%
D	C	-0.24%
TRGP	B	-0.24%
OKE	A	-0.24%
FE	C	-0.24%
VTRS	A	-0.24%
ED	D	-0.24%
KDP	D	-0.24%
NEE	D	-0.24%
WMB	A	-0.24%
NEM	D	-0.24%
KO	D	-0.24%
F	C	-0.24%
DTE	C	-0.24%
CTLT	B	-0.24%
EIX	B	-0.24%
NXPI	D	-0.23%
LW	C	-0.22%
DAY	B	-0.22%
NOW	A	-0.22%
NFLX	A	-0.22%
AVGO	D	-0.22%
PLTR	B	-0.22%
KHC	F	-0.21%
MKC	D	-0.21%
QRVO	F	-0.21%
MET	A	-0.21%
CAG	D	-0.21%
TYL	B	-0.21%
MPWR	F	-0.21%
IR	B	-0.2%
IEX	B	-0.2%
AFL	B	-0.2%
PARA	C	-0.2%
ERIE	D	-0.2%
AIZ	A	-0.2%
INTU	C	-0.2%
HSIC	B	-0.2%
FSLR	F	-0.2%
PRU	A	-0.2%
DIS	B	-0.2%
PFG	D	-0.2%
TEL	B	-0.19%
XYL	D	-0.19%
HPE	B	-0.19%
GLW	B	-0.19%
PNR	A	-0.19%
ALL	A	-0.19%
GL	B	-0.19%
AIG	B	-0.19%
RSG	A	-0.18%
CRWD	B	-0.18%
EQT	B	-0.18%
WM	A	-0.18%
MDLZ	F	-0.18%
APH	A	-0.18%
ANSS	B	-0.17%
DG	F	-0.17%
GE	D	-0.17%
MLM	B	-0.17%
DOV	A	-0.17%
GEN	B	-0.17%
PTC	A	-0.17%
DELL	C	-0.17%
VMC	B	-0.17%
STX	D	-0.17%
WDC	D	-0.17%
PEP	F	-0.17%
PANW	C	-0.16%
GD	F	-0.16%
BA	F	-0.16%
HON	B	-0.16%
TECH	D	-0.15%
SMCI	F	-0.15%
CRL	C	-0.14%
TRV	B	-0.14%
CB	C	-0.14%
HIG	B	-0.14%
KMX	B	-0.14%
TMO	F	-0.14%
IT	C	-0.13%
WFC	A	-0.13%
C	A	-0.13%
WAB	B	-0.13%
ZBRA	B	-0.13%
LDOS	C	-0.13%
WRB	A	-0.13%
IQV	D	-0.13%
HLT	A	-0.12%
SYK	C	-0.12%
STE	F	-0.12%
BAC	A	-0.12%
BALL	D	-0.12%
JPM	A	-0.12%
ZBH	C	-0.12%
AME	A	-0.12%
VTR	C	-0.11%
DVA	B	-0.11%
WELL	A	-0.11%
EXR	D	-0.11%
DOC	D	-0.11%
BR	A	-0.11%
BXP	D	-0.11%
BK	A	-0.11%
UBER	D	-0.11%
STT	A	-0.11%
PODD	C	-0.1%
NWSA	B	-0.1%
DHR	F	-0.1%
NWS	B	-0.1%
RVTY	F	-0.1%
ESS	B	-0.1%
INVH	D	-0.1%
EQR	B	-0.1%
FOX	A	-0.1%
UDR	B	-0.1%
MAA	B	-0.1%
AVB	B	-0.1%
ARE	D	-0.1%
CPT	B	-0.1%
AXON	A	-0.09%
KKR	A	-0.09%
AMP	A	-0.09%
NCLH	B	-0.09%
BLK	C	-0.09%
IVZ	B	-0.09%
RMD	C	-0.09%
DXCM	D	-0.09%
IDXX	F	-0.09%
SO	D	-0.08%
PPL	B	-0.08%
EVRG	A	-0.08%
CARR	D	-0.08%
LNT	A	-0.08%
AEE	A	-0.08%
JCI	C	-0.08%
PH	A	-0.08%
GNRC	B	-0.08%
NSC	B	-0.08%
NOC	D	-0.08%
RTX	C	-0.08%
NTRS	A	-0.08%
LHX	C	-0.08%
FMC	D	-0.08%
BEN	C	-0.08%
RCL	A	-0.08%
SW	A	-0.07%
PPG	F	-0.07%
CZR	F	-0.07%
HES	B	-0.07%
PNW	B	-0.07%
ALLE	D	-0.07%
DUK	C	-0.07%
WEC	A	-0.07%
ES	D	-0.07%
PCG	A	-0.07%
SRE	A	-0.07%
XEL	A	-0.07%
CMS	C	-0.07%
HWM	A	-0.07%
FI	A	-0.06%
KEY	B	-0.06%
RF	A	-0.06%
PNC	B	-0.06%
MTB	A	-0.06%
MDT	D	-0.06%
AMT	D	-0.06%
BSX	B	-0.06%
KIM	A	-0.06%
REG	B	-0.06%
AVY	D	-0.06%
FRT	B	-0.06%
PLD	D	-0.06%
SBAC	D	-0.06%
CCI	D	-0.06%
O	D	-0.06%
IRM	D	-0.06%
TDG	D	-0.06%
SHW	A	-0.06%
AXP	A	-0.05%
APD	A	-0.05%
IFF	D	-0.05%
ECL	D	-0.05%
BAX	D	-0.05%
BDX	F	-0.05%
TFX	F	-0.05%
EMN	D	-0.05%
FIS	C	-0.05%
HBAN	A	-0.05%
TFC	A	-0.05%
USB	A	-0.05%
CFG	B	-0.05%
FITB	A	-0.05%
EFX	F	-0.04%
CSGP	D	-0.04%
GPN	B	-0.04%
VRSK	A	-0.04%
ICE	C	-0.04%
NDAQ	A	-0.04%
CPAY	A	-0.04%
CME	A	-0.04%
LIN	D	-0.04%
VLTO	D	-0.03%
EMR	A	-0.03%
NDSN	B	-0.03%
FTV	C	-0.03%
TRMB	B	-0.03%
TDY	B	-0.03%
ROP	B	-0.03%
AJG	B	-0.03%
BRO	B	-0.03%