QUS vs. IVE ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to iShares S&P 500 Value ETF (IVE)

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

$159.06

Average Daily Volume

15,011

Number of Holdings ^*

583

* may have additional holdings in another (foreign) market

IVE

iShares S&P 500 Value ETF

IVE Description

The investment seeks to track the investment results of an index composed of large-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 S&P 500® Value Index (the "underlying index"), which measures the performance of the large-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$199.53

Average Daily Volume

502,204

Number of Holdings ^*

436

* may have additional holdings in another (foreign) market

Performance

Period	QUS	IVE
30 Days	-0.81%	-0.60%
60 Days	1.62%	2.26%
90 Days	3.00%	4.77%
12 Months	27.56%	24.30%

419 Overlapping Holdings

	Symbol	Grade	Weight in QUS	Weight in IVE	Overlap
	A	F	0.11%	0.17%	0.11%
	ABBV	F	0.49%	0.86%	0.49%
	ABNB	D	0.02%	0.14%	0.02%
	ABT	A	0.16%	0.95%	0.16%
	ACN	C	1.18%	0.48%	0.48%
	ADI	D	0.14%	0.2%	0.14%
	ADM	D	0.08%	0.12%	0.08%
	ADP	B	0.54%	0.35%	0.35%
	ADSK	B	0.16%	0.15%	0.15%
	AEE	A	0.11%	0.11%	0.11%
	AEP	C	0.19%	0.24%	0.19%
	AES	F	0.01%	0.05%	0.01%
	AFL	C	0.22%	0.26%	0.22%
	AIG	C	0.12%	0.23%	0.12%
	AIZ	A	0.12%	0.05%	0.05%
	AJG	B	0.46%	0.15%	0.15%
	AKAM	F	0.14%	0.03%	0.03%
	ALB	B	0.02%	0.06%	0.02%
	ALGN	D	0.01%	0.03%	0.01%
	ALL	A	0.06%	0.24%	0.06%
	ALLE	D	0.04%	0.04%	0.04%
	AMCR	D	0.02%	0.07%	0.02%
	AME	A	0.02%	0.11%	0.02%
	AMGN	D	0.27%	0.72%	0.27%
	AMP	A	0.04%	0.12%	0.04%
	AMT	D	0.04%	0.25%	0.04%
	ANSS	B	0.01%	0.06%	0.01%
	AON	B	0.21%	0.19%	0.19%
	AOS	F	0.03%	0.02%	0.02%
	APD	A	0.05%	0.33%	0.05%
	APH	B	0.71%	0.18%	0.18%
	APTV	F	0.02%	0.07%	0.02%
	ARE	F	0.02%	0.08%	0.02%
	ATO	A	0.04%	0.11%	0.04%
	AVB	B	0.02%	0.15%	0.02%
	AVY	D	0.01%	0.07%	0.01%
	AWK	C	0.02%	0.12%	0.02%
	AXP	B	0.11%	0.23%	0.11%
	AZO	C	0.36%	0.08%	0.08%
	BA	D	0.02%	0.27%	0.02%
	BAC	A	0.69%	1.48%	0.69%
	BALL	D	0.02%	0.09%	0.02%
	BAX	F	0.02%	0.08%	0.02%
	BBY	D	0.09%	0.09%	0.09%
	BDX	F	0.24%	0.31%	0.24%
	BEN	C	0.01%	0.03%	0.01%
	BG	D	0.05%	0.06%	0.05%
	BIIB	F	0.02%	0.11%	0.02%
	BK	B	0.09%	0.27%	0.09%
	BKR	B	0.04%	0.2%	0.04%
	BLK	B	0.46%	0.68%	0.46%
	BMY	A	0.34%	0.54%	0.34%
	BR	B	0.03%	0.05%	0.03%
	BRK.A	B	1.1%	4.04%	1.1%
	BRO	B	0.01%	0.03%	0.01%
	BSX	A	0.04%	0.27%	0.04%
	BX	A	0.05%	0.17%	0.05%
	BXP	D	0.01%	0.05%	0.01%
	C	B	0.45%	0.62%	0.45%
	CAG	F	0.02%	0.06%	0.02%
	CAH	B	0.12%	0.14%	0.12%
	CARR	D	0.04%	0.15%	0.04%
	CAT	C	0.63%	0.37%	0.37%
	CB	C	0.65%	0.51%	0.51%
	CBOE	C	0.29%	0.04%	0.04%
	CBRE	B	0.05%	0.18%	0.05%
	CCI	C	0.03%	0.21%	0.03%
	CCL	A	0.01%	0.03%	0.01%
	CDW	F	0.19%	0.06%	0.06%
	CEG	C	0.03%	0.18%	0.03%
	CF	A	0.03%	0.03%	0.03%
	CFG	B	0.07%	0.1%	0.07%
	CHD	A	0.14%	0.07%	0.07%
	CHRW	B	0.02%	0.06%	0.02%
	CHTR	B	0.09%	0.1%	0.09%
	CI	D	0.24%	0.42%	0.24%
	CINF	A	0.03%	0.11%	0.03%
	CL	D	0.17%	0.22%	0.17%
	CLX	A	0.01%	0.1%	0.01%
	CMCSA	B	0.42%	0.78%	0.42%
	CME	A	0.23%	0.24%	0.23%
	CMI	A	0.17%	0.23%	0.17%
	CMS	C	0.09%	0.1%	0.09%
	CNC	F	0.08%	0.14%	0.08%
	CNP	A	0.02%	0.09%	0.02%
	COF	B	0.17%	0.33%	0.17%
	COP	B	0.17%	0.19%	0.17%
	COR	B	0.35%	0.2%	0.2%
	COST	A	1.31%	1.09%	1.09%
	CPB	D	0.12%	0.04%	0.04%
	CPT	C	0.01%	0.06%	0.01%
	CRL	D	0.01%	0.05%	0.01%
	CSCO	B	1.34%	1.09%	1.09%
	CSGP	F	0.01%	0.08%	0.01%
	CSX	C	0.05%	0.16%	0.05%
	CTAS	B	0.23%	0.16%	0.16%
	CTLT	D	0.01%	0.05%	0.01%
	CTRA	B	0.03%	0.03%	0.03%
	CTSH	C	0.39%	0.18%	0.18%
	CTVA	C	0.16%	0.18%	0.16%
	CVS	F	0.29%	0.31%	0.29%
	CVX	A	0.55%	1.29%	0.55%
	D	C	0.14%	0.23%	0.14%
	DAL	A	0.01%	0.09%	0.01%
	DAY	B	0.0%	0.03%	0.0%
	DD	D	0.04%	0.16%	0.04%
	DE	C	0.1%	0.21%	0.1%
	DELL	B	0.06%	0.08%	0.06%
	DFS	B	0.07%	0.1%	0.07%
	DG	F	0.02%	0.08%	0.02%
	DGX	A	0.06%	0.08%	0.06%
	DHR	D	0.09%	0.7%	0.09%
	DIS	B	0.17%	0.98%	0.17%
	DLR	A	0.04%	0.15%	0.04%
	DLTR	F	0.02%	0.06%	0.02%
	DOC	D	0.01%	0.07%	0.01%
	DOV	B	0.02%	0.13%	0.02%
	DOW	F	0.06%	0.15%	0.06%
	DPZ	C	0.07%	0.04%	0.04%
	DRI	C	0.02%	0.04%	0.02%
	DTE	C	0.1%	0.12%	0.1%
	DUK	C	0.6%	0.41%	0.41%
	DVA	C	0.01%	0.02%	0.01%
	DVN	F	0.04%	0.11%	0.04%
	DXCM	C	0.0%	0.06%	0.0%
	EA	A	0.31%	0.1%	0.1%
	EBAY	D	0.02%	0.14%	0.02%
	ECL	D	0.02%	0.14%	0.02%
	ED	C	0.42%	0.16%	0.16%
	EFX	F	0.01%	0.09%	0.01%
	EG	D	0.18%	0.08%	0.08%
	EIX	C	0.04%	0.15%	0.04%
	EL	F	0.01%	0.07%	0.01%
	ELV	F	0.29%	0.44%	0.29%
	EMN	D	0.02%	0.06%	0.02%
	EMR	A	0.05%	0.34%	0.05%
	ENPH	F	0.02%	0.02%	0.02%
	EOG	A	0.15%	0.12%	0.12%
	EPAM	C	0.04%	0.04%	0.04%
	EQIX	A	0.02%	0.21%	0.02%
	EQR	C	0.02%	0.12%	0.02%
	EQT	A	0.03%	0.12%	0.03%
	ERIE	F	0.17%	0.02%	0.02%
	ES	C	0.03%	0.1%	0.03%
	ESS	A	0.01%	0.09%	0.01%
	ETN	B	0.05%	0.26%	0.05%
	ETR	A	0.05%	0.15%	0.05%
	EVRG	A	0.02%	0.07%	0.02%
	EW	C	0.12%	0.12%	0.12%
	EXC	C	0.06%	0.18%	0.06%
	EXPD	D	0.06%	0.05%	0.05%
	EXR	C	0.02%	0.16%	0.02%
	F	C	0.16%	0.2%	0.16%
	FAST	B	0.15%	0.11%	0.11%
	FCX	F	0.04%	0.14%	0.04%
	FDS	B	0.05%	0.05%	0.05%
	FDX	B	0.12%	0.31%	0.12%
	FE	C	0.02%	0.1%	0.02%
	FFIV	B	0.23%	0.07%	0.07%
	FI	A	0.31%	0.27%	0.27%
	FIS	C	0.03%	0.23%	0.03%
	FITB	B	0.06%	0.15%	0.06%
	FOX	A	0.01%	0.03%	0.01%
	FOXA	B	0.02%	0.05%	0.02%
	FSLR	F	0.03%	0.1%	0.03%
	GD	D	0.07%	0.35%	0.07%
	GE	D	0.11%	0.51%	0.11%
	GEHC	D	0.03%	0.18%	0.03%
	GEN	B	0.13%	0.08%	0.08%
	GEV	A	0.05%	0.24%	0.05%
	GILD	C	0.43%	0.52%	0.43%
	GIS	F	0.25%	0.16%	0.16%
	GLW	B	0.14%	0.17%	0.14%
	GM	B	0.32%	0.3%	0.3%
	GPC	F	0.02%	0.08%	0.02%
	GPN	C	0.04%	0.14%	0.04%
	GRMN	B	0.2%	0.07%	0.07%
	GS	B	0.3%	0.88%	0.3%
	GWW	B	0.2%	0.06%	0.06%
	HAL	C	0.03%	0.12%	0.03%
	HBAN	B	0.06%	0.12%	0.06%
	HCA	F	0.06%	0.16%	0.06%
	HD	A	0.35%	1.2%	0.35%
	HIG	B	0.09%	0.16%	0.09%
	HII	F	0.01%	0.04%	0.01%
	HOLX	D	0.07%	0.09%	0.07%
	HON	B	0.53%	0.7%	0.53%
	HPE	B	0.06%	0.13%	0.06%
	HPQ	B	0.07%	0.17%	0.07%
	HRL	D	0.08%	0.04%	0.04%
	HSIC	C	0.01%	0.04%	0.01%
	HST	D	0.01%	0.02%	0.01%
	HSY	F	0.18%	0.07%	0.07%
	HUBB	B	0.07%	0.06%	0.06%
	HUM	D	0.2%	0.16%	0.16%
	HWM	A	0.01%	0.09%	0.01%
	IBM	C	0.67%	0.89%	0.67%
	ICE	C	0.14%	0.42%	0.14%
	IDXX	F	0.12%	0.07%	0.07%
	IEX	B	0.05%	0.08%	0.05%
	IFF	D	0.02%	0.1%	0.02%
	INCY	C	0.2%	0.06%	0.06%
	INTC	C	0.18%	0.49%	0.18%
	INVH	D	0.01%	0.09%	0.01%
	IP	A	0.04%	0.09%	0.04%
	IPG	F	0.01%	0.05%	0.01%
	IQV	F	0.02%	0.1%	0.02%
	IR	B	0.02%	0.04%	0.02%
	IRM	C	0.01%	0.08%	0.01%
	ISRG	A	0.04%	0.3%	0.04%
	ITW	B	0.27%	0.19%	0.19%
	J	D	0.02%	0.08%	0.02%
	JBHT	C	0.05%	0.07%	0.05%
	JBL	C	0.03%	0.03%	0.03%
	JCI	B	0.05%	0.26%	0.05%
	JKHY	D	0.04%	0.06%	0.04%
	JNJ	D	1.64%	1.74%	1.64%
	JNPR	D	0.17%	0.06%	0.06%
	JPM	A	1.06%	3.28%	1.06%
	K	B	0.29%	0.1%	0.1%
	KDP	D	0.23%	0.17%	0.17%
	KEY	B	0.04%	0.08%	0.04%
	KEYS	C	0.26%	0.12%	0.12%
	KHC	F	0.18%	0.13%	0.13%
	KIM	A	0.02%	0.08%	0.02%
	KMB	C	0.1%	0.21%	0.1%
	KMI	A	0.07%	0.25%	0.07%
	KMX	C	0.03%	0.06%	0.03%
	KO	D	0.81%	0.69%	0.69%
	KR	B	0.31%	0.18%	0.18%
	KVUE	A	0.04%	0.21%	0.04%
	L	A	0.12%	0.07%	0.07%
	LDOS	C	0.02%	0.1%	0.02%
	LEN	D	0.06%	0.08%	0.06%
	LH	B	0.03%	0.09%	0.03%
	LHX	B	0.04%	0.22%	0.04%
	LIN	D	0.15%	0.49%	0.15%
	LKQ	F	0.02%	0.05%	0.02%
	LMT	D	0.72%	0.53%	0.53%
	LNT	A	0.05%	0.07%	0.05%
	LOW	C	0.13%	0.72%	0.13%
	LUV	B	0.01%	0.09%	0.01%
	LVS	B	0.01%	0.03%	0.01%
	LW	C	0.03%	0.02%	0.02%
	LYB	F	0.04%	0.1%	0.04%
	MA	B	1.69%	0.57%	0.57%
	MAA	A	0.01%	0.09%	0.01%
	MAS	D	0.01%	0.04%	0.01%
	MCD	D	0.5%	0.55%	0.5%
	MCHP	F	0.1%	0.06%	0.06%
	MCK	A	0.61%	0.37%	0.37%
	MCO	D	0.21%	0.18%	0.18%
	MDLZ	F	0.22%	0.23%	0.22%
	MDT	D	0.15%	0.53%	0.15%
	MET	A	0.09%	0.23%	0.09%
	MGM	D	0.01%	0.01%	0.01%
	MKC	D	0.01%	0.09%	0.01%
	MKTX	D	0.03%	0.05%	0.03%
	MLM	B	0.02%	0.06%	0.02%
	MMC	D	0.69%	0.25%	0.25%
	MMM	D	0.28%	0.33%	0.28%
	MNST	C	0.12%	0.07%	0.07%
	MO	A	0.07%	0.45%	0.07%
	MOH	F	0.13%	0.03%	0.03%
	MOS	D	0.03%	0.04%	0.03%
	MPC	D	0.32%	0.11%	0.11%
	MRK	F	0.46%	0.69%	0.46%
	MRNA	F	0.01%	0.06%	0.01%
	MRO	A	0.04%	0.04%	0.04%
	MS	A	0.21%	0.78%	0.21%
	MSCI	B	0.01%	0.09%	0.01%
	MSI	B	0.63%	0.16%	0.16%
	MTB	A	0.08%	0.17%	0.08%
	MTCH	F	0.01%	0.04%	0.01%
	MTD	F	0.01%	0.07%	0.01%
	MU	D	0.07%	0.5%	0.07%
	NDAQ	A	0.02%	0.15%	0.02%
	NDSN	D	0.01%	0.07%	0.01%
	NEE	C	0.1%	0.74%	0.1%
	NEM	D	0.18%	0.22%	0.18%
	NI	A	0.02%	0.08%	0.02%
	NKE	F	0.28%	0.25%	0.25%
	NOC	D	0.55%	0.32%	0.32%
	NRG	B	0.03%	0.09%	0.03%
	NSC	B	0.05%	0.28%	0.05%
	NTAP	C	0.16%	0.07%	0.07%
	NTRS	A	0.03%	0.1%	0.03%
	NUE	D	0.07%	0.06%	0.06%
	NWSA	B	0.01%	0.05%	0.01%
	NXPI	F	0.03%	0.07%	0.03%
	O	C	0.04%	0.23%	0.04%
	OKE	A	0.05%	0.11%	0.05%
	OMC	C	0.07%	0.09%	0.07%
	ON	F	0.02%	0.07%	0.02%
	ORLY	B	0.26%	0.09%	0.09%
	OTIS	C	0.04%	0.11%	0.04%
	OXY	F	0.1%	0.16%	0.1%
	PARA	D	0.03%	0.03%	0.03%
	PAYC	B	0.03%	0.03%	0.03%
	PAYX	B	0.16%	0.13%	0.13%
	PCAR	C	0.06%	0.07%	0.06%
	PCG	A	0.06%	0.21%	0.06%
	PEG	C	0.04%	0.21%	0.04%
	PEP	F	1.01%	0.65%	0.65%
	PFE	F	0.33%	0.66%	0.33%
	PFG	C	0.03%	0.09%	0.03%
	PG	C	0.59%	1.14%	0.59%
	PGR	B	0.65%	0.35%	0.35%
	PH	B	0.04%	0.09%	0.04%
	PKG	B	0.09%	0.1%	0.09%
	PLD	D	0.08%	0.49%	0.08%
	PM	A	0.11%	0.59%	0.11%
	PNC	B	0.17%	0.39%	0.17%
	PNR	B	0.01%	0.02%	0.01%
	PODD	B	0.0%	0.05%	0.0%
	POOL	D	0.04%	0.03%	0.03%
	PPG	F	0.02%	0.13%	0.02%
	PPL	A	0.03%	0.12%	0.03%
	PRU	B	0.08%	0.21%	0.08%
	PSA	C	0.14%	0.14%	0.14%
	PSX	C	0.14%	0.26%	0.14%
	PTC	B	0.18%	0.04%	0.04%
	PWR	A	0.02%	0.07%	0.02%
	PYPL	B	0.08%	0.41%	0.08%
	QCOM	F	0.55%	0.4%	0.4%
	QRVO	F	0.01%	0.03%	0.01%
	REG	A	0.01%	0.06%	0.01%
	REGN	F	0.25%	0.15%	0.15%
	RF	A	0.06%	0.11%	0.06%
	RJF	A	0.03%	0.14%	0.03%
	RMD	C	0.09%	0.16%	0.09%
	ROK	B	0.1%	0.08%	0.08%
	ROL	B	0.17%	0.04%	0.04%
	ROP	C	0.46%	0.16%	0.16%
	RSG	A	0.54%	0.09%	0.09%
	RTX	D	0.18%	0.74%	0.18%
	RVTY	D	0.01%	0.06%	0.01%
	SBAC	D	0.01%	0.07%	0.01%
	SBUX	A	0.06%	0.21%	0.06%
	SCHW	A	0.07%	0.57%	0.07%
	SHW	C	0.26%	0.21%	0.21%
	SJM	D	0.02%	0.05%	0.02%
	SLB	C	0.05%	0.29%	0.05%
	SNA	B	0.06%	0.05%	0.05%
	SO	C	0.54%	0.45%	0.45%
	SOLV	F	0.06%	0.04%	0.04%
	SPG	A	0.03%	0.16%	0.03%
	SPGI	D	0.07%	0.42%	0.07%
	SRE	A	0.06%	0.27%	0.06%
	STE	D	0.01%	0.04%	0.01%
	STLD	B	0.04%	0.03%	0.03%
	STT	B	0.06%	0.13%	0.06%
	STX	D	0.07%	0.06%	0.06%
	STZ	D	0.02%	0.17%	0.02%
	SW	A	0.03%	0.12%	0.03%
	SWK	F	0.02%	0.06%	0.02%
	SWKS	F	0.05%	0.06%	0.05%
	SYF	B	0.06%	0.12%	0.06%
	SYK	A	0.05%	0.23%	0.05%
	SYY	D	0.05%	0.17%	0.05%
	T	A	0.69%	0.76%	0.69%
	TAP	B	0.02%	0.05%	0.02%
	TDY	B	0.21%	0.1%	0.1%
	TECH	F	0.0%	0.05%	0.0%
	TER	F	0.04%	0.08%	0.04%
	TFC	A	0.16%	0.29%	0.16%
	TFX	F	0.01%	0.04%	0.01%
	TGT	B	0.1%	0.33%	0.1%
	TJX	A	0.56%	0.22%	0.22%
	TMO	F	0.1%	0.57%	0.1%
	TMUS	B	0.78%	0.54%	0.54%
	TRMB	B	0.01%	0.08%	0.01%
	TROW	B	0.09%	0.12%	0.09%
	TRV	A	0.47%	0.28%	0.28%
	TSCO	D	0.09%	0.08%	0.08%
	TSN	B	0.3%	0.09%	0.09%
	TT	A	0.26%	0.13%	0.13%
	TTWO	A	0.01%	0.07%	0.01%
	TXN	C	1.06%	0.54%	0.54%
	TXT	D	0.02%	0.07%	0.02%
	UDR	C	0.01%	0.06%	0.01%
	UHS	D	0.02%	0.06%	0.02%
	ULTA	F	0.08%	0.03%	0.03%
	UNH	C	2.21%	1.59%	1.59%
	UNP	D	0.08%	0.37%	0.08%
	UPS	C	0.11%	0.46%	0.11%
	USB	B	0.16%	0.37%	0.16%
	V	A	1.91%	0.83%	0.83%
	VICI	C	0.04%	0.16%	0.04%
	VLO	C	0.15%	0.21%	0.15%
	VLTO	C	0.08%	0.12%	0.08%
	VMC	B	0.02%	0.06%	0.02%
	VRSK	B	0.15%	0.08%	0.08%
	VRSN	F	0.22%	0.04%	0.04%
	VRTX	D	0.57%	0.2%	0.2%
	VTR	B	0.02%	0.12%	0.02%
	VTRS	A	0.05%	0.07%	0.05%
	VZ	C	0.81%	0.82%	0.81%
	WAB	B	0.02%	0.16%	0.02%
	WAT	C	0.07%	0.06%	0.06%
	WBA	F	0.06%	0.03%	0.03%
	WBD	B	0.11%	0.1%	0.1%
	WDC	F	0.02%	0.1%	0.02%
	WEC	A	0.29%	0.15%	0.15%
	WELL	A	0.04%	0.37%	0.04%
	WFC	A	0.5%	1.19%	0.5%
	WM	B	0.52%	0.2%	0.2%
	WMB	A	0.15%	0.2%	0.15%
	WMT	A	0.94%	1.72%	0.94%
	WRB	B	0.12%	0.09%	0.09%
	WTW	B	0.16%	0.15%	0.15%
	WY	D	0.03%	0.11%	0.03%
	XEL	A	0.2%	0.18%	0.18%
	XOM	B	0.81%	2.49%	0.81%
	XYL	D	0.01%	0.14%	0.01%
	YUM	D	0.19%	0.1%	0.1%
	ZBH	C	0.02%	0.11%	0.02%
	ZBRA	B	0.01%	0.09%	0.01%
	ZTS	D	0.25%	0.17%	0.17%

QUS Overweight 164 Positions Relative to IVE

	Symbol	Grade	Weight
	AAPL	C	3.24%
	NVDA	A	2.76%
	MSFT	D	2.7%
	META	C	2.32%
	LLY	F	1.92%
	GOOGL	B	1.2%
	GOOG	B	1.12%
	ADBE	D	0.71%
	AMZN	B	0.69%
	AVGO	C	0.58%
	WCN	A	0.53%
	ORCL	A	0.53%
	AMAT	F	0.48%
	ANET	C	0.39%
	ACGL	D	0.38%
	GDDY	A	0.34%
	FCNCA	A	0.34%
	PANW	B	0.32%
	LRCX	F	0.3%
	CDNS	B	0.29%
	KLAC	F	0.29%
	SNPS	C	0.28%
	TSLA	A	0.28%
	NOW	B	0.27%
	CMG	C	0.22%
	FANG	D	0.22%
	BAH	D	0.2%
	FICO	B	0.2%
	DHI	D	0.19%
	UBER	F	0.18%
	MKL	A	0.15%
	AFG	A	0.15%
	WDAY	C	0.15%
	NFLX	A	0.14%
	CPRT	B	0.14%
	IT	C	0.13%
	ODFL	B	0.13%
	CRM	B	0.12%
	LULU	C	0.12%
	NVR	D	0.11%
	PHM	D	0.11%
	NBIX	C	0.11%
	UTHR	C	0.1%
	TPL	A	0.09%
	DECK	A	0.09%
	EME	A	0.08%
	BLDR	D	0.08%
	BMRN	F	0.08%
	HUBS	B	0.08%
	VEEV	C	0.08%
	MANH	D	0.07%
	TW	A	0.07%
	MELI	D	0.07%
	ALNY	D	0.07%
	MPWR	F	0.07%
	LPLA	A	0.07%
	WSO	A	0.06%
	WSM	D	0.06%
	AMD	F	0.06%
	CRWD	B	0.06%
	WST	D	0.06%
	APA	F	0.05%
	GGG	B	0.05%
	LNG	A	0.05%
	INTU	B	0.04%
	KNX	B	0.04%
	BKNG	A	0.04%
	URI	B	0.04%
	KKR	A	0.04%
	CNH	C	0.03%
	SMCI	F	0.03%
	ALLY	C	0.03%
	RS	B	0.03%
	TTC	F	0.03%
	ACI	C	0.03%
	TRGP	A	0.03%
	APO	A	0.03%
	SQ	A	0.03%
	ROST	D	0.03%
	SEIC	B	0.03%
	OVV	C	0.03%
	APP	A	0.02%
	SSNC	C	0.02%
	CPAY	A	0.02%
	CCK	D	0.02%
	EXPE	B	0.02%
	FTV	D	0.02%
	EQH	B	0.02%
	MAR	B	0.02%
	MRVL	B	0.02%
	OC	A	0.02%
	FNF	A	0.02%
	CRBG	B	0.02%
	VST	A	0.02%
	HES	B	0.02%
	DINO	D	0.02%
	TTD	B	0.01%
	HOOD	A	0.01%
	ENTG	F	0.01%
	RIVN	F	0.01%
	TYL	B	0.01%
	BIO	C	0.01%
	BBWI	C	0.01%
	Z	A	0.01%
	LII	A	0.01%
	LYV	A	0.01%
	VRT	A	0.01%
	PLTR	A	0.01%
	ILMN	C	0.01%
	ARES	A	0.01%
	UHAL	D	0.01%
	AMH	C	0.01%
	WLK	F	0.01%
	RPRX	F	0.01%
	TDG	D	0.01%
	DASH	A	0.01%
	GLPI	C	0.01%
	WTRG	B	0.01%
	FBIN	F	0.01%
	TRU	D	0.01%
	CSL	C	0.01%
	AVTR	F	0.01%
	RPM	B	0.01%
	HLT	A	0.01%
	RCL	A	0.01%
	SUI	C	0.01%
	CE	F	0.01%
	WPC	C	0.01%
	FTNT	B	0.01%
	TWLO	A	0.01%
	BURL	A	0.01%
	ACM	B	0.01%
	COIN	A	0.01%
	CHRD	F	0.01%
	DKS	D	0.01%
	CG	B	0.01%
	ZM	B	0.01%
	CELH	F	0.0%
	IOT	A	0.0%
	ZS	B	0.0%
	TEAM	A	0.0%
	NET	B	0.0%
	RBLX	B	0.0%
	MDB	C	0.0%
	TOST	A	0.0%
	DKNG	B	0.0%
	BSY	D	0.0%
	PSTG	F	0.0%
	DDOG	A	0.0%
	SNAP	D	0.0%
	H	B	0.0%
	DT	C	0.0%
	WYNN	D	0.0%
	DOCU	B	0.0%
	EXAS	D	0.0%
	HEI	A	0.0%
	ROKU	D	0.0%
	SNOW	C	0.0%
	PINS	F	0.0%
	MSTR	A	0.0%
	ELS	B	0.0%
	HEI	A	0.0%
	OKTA	D	0.0%
	AXON	A	0.0%

QUS Underweight 17 Positions Relative to IVE

	Symbol	Grade	Weight
	UAL	A	-0.14%
	TEL	C	-0.13%
	TPR	B	-0.06%
	GL	C	-0.05%
	PNW	B	-0.05%
	COO	D	-0.05%
	BWA	D	-0.04%
	IVZ	C	-0.04%
	HAS	D	-0.04%
	FRT	B	-0.04%
	FMC	D	-0.03%
	MHK	D	-0.03%
	CZR	F	-0.02%
	NWS	A	-0.02%
	RL	C	-0.02%
	GNRC	B	-0.02%
	AMTM	F	-0.01%

QUS: Top Represented Industries & Keywords

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

IVE: Top Represented Industries & Keywords

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

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