QUS vs. JPUS ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to JPMorgan Diversified Return U.S. Equity ETF (JPUS)

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

JPUS

JPMorgan Diversified Return U.S. Equity ETF

JPUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 1000 Diversified Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser. Holdings in the underlying index are selected by the index provider primarily from the constituents of the Russell 1000 Index, a larger Russell index, which is comprised of large- and mid-cap equity securities in the United States.

Grade (RS Rating)

Last Trade

$119.21

Average Daily Volume

7,891

Number of Holdings ^*

354

* may have additional holdings in another (foreign) market

Performance

Period	QUS	JPUS
30 Days	2.08%	3.61%
60 Days	4.77%	6.37%
90 Days	6.12%	8.24%
12 Months	28.73%	24.93%

256 Overlapping Holdings

	Symbol	Grade	Weight in QUS	Weight in JPUS	Overlap
	AAPL	C	3.27%	0.36%	0.36%
	ABBV	C	0.59%	0.38%	0.38%
	ABT	C	0.16%	0.34%	0.16%
	ACGL	C	0.42%	0.35%	0.35%
	ACI	F	0.03%	0.31%	0.03%
	ACN	C	1.19%	0.33%	0.33%
	ADBE	F	0.78%	0.06%	0.06%
	ADI	C	0.15%	0.36%	0.15%
	ADM	D	0.09%	0.37%	0.09%
	AEE	C	0.1%	0.01%	0.01%
	AFG	B	0.15%	0.06%	0.06%
	AFL	C	0.21%	0.4%	0.21%
	ALLY	F	0.02%	0.21%	0.02%
	AMAT	D	0.55%	0.29%	0.29%
	AME	C	0.02%	0.23%	0.02%
	AMGN	B	0.33%	0.41%	0.33%
	AMP	A	0.03%	0.23%	0.03%
	ANET	B	0.38%	0.4%	0.38%
	AOS	D	0.03%	0.32%	0.03%
	APH	D	0.66%	0.35%	0.35%
	APO	C	0.02%	0.16%	0.02%
	ATO	B	0.04%	0.15%	0.04%
	AVB	B	0.02%	0.34%	0.02%
	AVGO	C	0.6%	0.33%	0.33%
	AVY	C	0.01%	0.16%	0.01%
	AZO	D	0.37%	0.36%	0.36%
	BAC	D	0.59%	0.26%	0.26%
	BAH	C	0.21%	0.33%	0.21%
	BBY	C	0.1%	0.26%	0.1%
	BDX	D	0.26%	0.2%	0.2%
	BG	D	0.05%	0.35%	0.05%
	BKNG	C	0.03%	0.14%	0.03%
	BLDR	C	0.08%	0.34%	0.08%
	BMY	C	0.31%	0.22%	0.22%
	BRK.A	C	1.07%	0.41%	0.41%
	CAG	C	0.02%	0.42%	0.02%
	CAH	C	0.12%	0.35%	0.12%
	CARR	B	0.04%	0.09%	0.04%
	CAT	B	0.58%	0.24%	0.24%
	CB	B	0.66%	0.29%	0.29%
	CBOE	C	0.31%	0.3%	0.3%
	CBRE	A	0.04%	0.05%	0.04%
	CCI	C	0.03%	0.2%	0.03%
	CDNS	D	0.27%	0.28%	0.27%
	CE	F	0.02%	0.32%	0.02%
	CEG	C	0.03%	0.33%	0.03%
	CELH	F	0.0%	0.2%	0.0%
	CF	C	0.03%	0.3%	0.03%
	CFG	C	0.06%	0.06%	0.06%
	CHD	D	0.14%	0.36%	0.14%
	CHK	D	0.03%	0.09%	0.03%
	CHTR	D	0.08%	0.34%	0.08%
	CI	C	0.27%	0.4%	0.27%
	CL	D	0.19%	0.42%	0.19%
	CLX	C	0.01%	0.39%	0.01%
	CMCSA	D	0.4%	0.39%	0.39%
	CMI	C	0.14%	0.34%	0.14%
	CMS	C	0.09%	0.3%	0.09%
	CNP	C	0.02%	0.3%	0.02%
	COF	B	0.13%	0.34%	0.13%
	COP	D	0.16%	0.25%	0.16%
	CPB	C	0.14%	0.42%	0.14%
	CPT	B	0.01%	0.18%	0.01%
	CSCO	C	1.19%	0.35%	0.35%
	CSGP	D	0.01%	0.08%	0.01%
	CSL	B	0.01%	0.15%	0.01%
	CSX	D	0.05%	0.13%	0.05%
	CTRA	D	0.03%	0.31%	0.03%
	CTSH	C	0.4%	0.37%	0.37%
	CTVA	B	0.17%	0.3%	0.17%
	CVS	D	0.32%	0.27%	0.27%
	CVX	D	0.49%	0.3%	0.3%
	D	C	0.14%	0.37%	0.14%
	DFS	B	0.06%	0.1%	0.06%
	DGX	B	0.06%	0.36%	0.06%
	DHI	B	0.23%	0.46%	0.23%
	DHR	B	0.1%	0.33%	0.1%
	DINO	F	0.03%	0.24%	0.03%
	DKS	D	0.02%	0.36%	0.02%
	DOW	D	0.07%	0.29%	0.07%
	DRI	B	0.01%	0.24%	0.01%
	DTE	C	0.1%	0.33%	0.1%
	DUK	C	0.64%	0.35%	0.35%
	DVA	B	0.01%	0.4%	0.01%
	EA	D	0.29%	0.16%	0.16%
	ECL	B	0.03%	0.29%	0.03%
	ED	C	0.46%	0.4%	0.4%
	EG	C	0.18%	0.3%	0.18%
	EIX	C	0.05%	0.43%	0.05%
	ELV	C	0.41%	0.36%	0.36%
	EMN	B	0.02%	0.28%	0.02%
	EOG	D	0.14%	0.27%	0.14%
	EQIX	C	0.02%	0.33%	0.02%
	EQR	B	0.02%	0.23%	0.02%
	EQT	D	0.02%	0.26%	0.02%
	ESS	B	0.01%	0.4%	0.01%
	ETN	C	0.04%	0.36%	0.04%
	ETR	B	0.04%	0.43%	0.04%
	EVRG	B	0.02%	0.36%	0.02%
	EXC	C	0.06%	0.35%	0.06%
	F	F	0.16%	0.18%	0.16%
	FANG	D	0.22%	0.3%	0.22%
	FAST	C	0.13%	0.34%	0.13%
	FCNCA	D	0.29%	0.42%	0.29%
	FCX	D	0.04%	0.23%	0.04%
	FE	C	0.03%	0.39%	0.03%
	FITB	B	0.06%	0.27%	0.06%
	FNF	B	0.02%	0.36%	0.02%
	GD	B	0.08%	0.38%	0.08%
	GEHC	C	0.03%	0.24%	0.03%
	GILD	B	0.41%	0.33%	0.33%
	GIS	B	0.3%	0.4%	0.3%
	GLPI	C	0.01%	0.38%	0.01%
	GOOGL	D	1.12%	0.1%	0.1%
	GRMN	D	0.17%	0.4%	0.17%
	GWW	B	0.17%	0.38%	0.17%
	HBAN	B	0.05%	0.27%	0.05%
	HCA	B	0.07%	0.43%	0.07%
	HIG	B	0.09%	0.43%	0.09%
	HOLX	B	0.08%	0.31%	0.08%
	HPE	D	0.05%	0.23%	0.05%
	HRL	C	0.09%	0.29%	0.09%
	HST	C	0.01%	0.36%	0.01%
	HUBB	B	0.06%	0.31%	0.06%
	HUM	F	0.23%	0.04%	0.04%
	IBM	B	0.72%	0.11%	0.11%
	INTU	C	0.04%	0.34%	0.04%
	IP	B	0.03%	0.34%	0.03%
	IPG	C	0.02%	0.15%	0.02%
	IRM	C	0.01%	0.48%	0.01%
	IT	B	0.13%	0.31%	0.13%
	ITW	C	0.26%	0.31%	0.26%
	JNPR	B	0.18%	0.41%	0.18%
	K	B	0.3%	0.52%	0.3%
	KDP	B	0.28%	0.19%	0.19%
	KEY	B	0.04%	0.05%	0.04%
	KHC	C	0.21%	0.41%	0.21%
	KIM	C	0.02%	0.34%	0.02%
	KLAC	D	0.36%	0.33%	0.33%
	KMB	D	0.11%	0.38%	0.11%
	KMI	B	0.05%	0.33%	0.05%
	KO	C	0.96%	0.43%	0.43%
	KR	C	0.31%	0.41%	0.31%
	KVUE	C	0.04%	0.41%	0.04%
	LEN	B	0.07%	0.42%	0.07%
	LIN	B	0.17%	0.28%	0.17%
	LLY	C	2.43%	0.4%	0.4%
	LMT	C	0.79%	0.42%	0.42%
	LNG	C	0.05%	0.3%	0.05%
	LOW	B	0.12%	0.35%	0.12%
	LRCX	F	0.34%	0.25%	0.25%
	LW	D	0.03%	0.01%	0.01%
	LYB	D	0.05%	0.36%	0.05%
	MAA	B	0.01%	0.23%	0.01%
	MAS	B	0.01%	0.3%	0.01%
	MCK	F	0.53%	0.32%	0.32%
	MDLZ	B	0.26%	0.42%	0.26%
	MDT	C	0.16%	0.26%	0.16%
	META	B	2.24%	0.39%	0.39%
	MMC	C	0.72%	0.38%	0.38%
	MNST	D	0.12%	0.33%	0.12%
	MO	C	0.06%	0.44%	0.06%
	MOH	D	0.16%	0.16%	0.16%
	MOS	F	0.03%	0.15%	0.03%
	MPC	F	0.34%	0.35%	0.34%
	MRK	D	0.56%	0.32%	0.32%
	MRO	C	0.03%	0.28%	0.03%
	MSFT	C	2.86%	0.35%	0.35%
	MSI	B	0.58%	0.44%	0.44%
	NEM	B	0.25%	0.23%	0.23%
	NI	B	0.02%	0.42%	0.02%
	NKE	D	0.3%	0.07%	0.07%
	NTAP	D	0.16%	0.31%	0.16%
	NUE	F	0.07%	0.28%	0.07%
	NVDA	D	2.36%	0.34%	0.34%
	NVR	B	0.11%	0.44%	0.11%
	OC	D	0.02%	0.28%	0.02%
	ORCL	C	0.48%	0.38%	0.38%
	ORLY	C	0.25%	0.36%	0.25%
	OTIS	C	0.04%	0.07%	0.04%
	OXY	F	0.1%	0.09%	0.09%
	PCAR	D	0.05%	0.05%	0.05%
	PCG	C	0.06%	0.38%	0.06%
	PEG	B	0.04%	0.43%	0.04%
	PEP	C	1.15%	0.4%	0.4%
	PFE	C	0.39%	0.23%	0.23%
	PFG	B	0.03%	0.1%	0.03%
	PG	C	0.62%	0.39%	0.39%
	PGR	B	0.66%	0.46%	0.46%
	PH	B	0.03%	0.33%	0.03%
	PHM	B	0.12%	0.44%	0.12%
	PKG	B	0.08%	0.27%	0.08%
	PLD	C	0.09%	0.21%	0.09%
	PM	C	0.11%	0.46%	0.11%
	PPL	C	0.03%	0.42%	0.03%
	PRU	C	0.08%	0.09%	0.08%
	PSA	B	0.16%	0.39%	0.16%
	PSX	F	0.14%	0.33%	0.14%
	PWR	B	0.02%	0.37%	0.02%
	QCOM	D	0.58%	0.21%	0.21%
	REG	C	0.01%	0.41%	0.01%
	REGN	C	0.4%	0.41%	0.4%
	RF	B	0.05%	0.08%	0.05%
	ROKU	C	0.0%	0.38%	0.0%
	ROST	C	0.03%	0.26%	0.03%
	RPM	B	0.01%	0.26%	0.01%
	RS	D	0.02%	0.34%	0.02%
	RSG	D	0.54%	0.4%	0.4%
	SJM	C	0.02%	0.25%	0.02%
	SO	B	0.56%	0.42%	0.42%
	SPG	B	0.03%	0.41%	0.03%
	SRE	C	0.06%	0.36%	0.06%
	SSNC	B	0.02%	0.04%	0.02%
	STE	C	0.01%	0.29%	0.01%
	STLD	F	0.03%	0.3%	0.03%
	STT	A	0.05%	0.12%	0.05%
	STZ	D	0.02%	0.36%	0.02%
	SWKS	D	0.06%	0.16%	0.06%
	SYF	C	0.05%	0.37%	0.05%
	SYK	C	0.05%	0.29%	0.05%
	SYY	D	0.05%	0.41%	0.05%
	T	C	0.67%	0.46%	0.46%
	TAP	D	0.02%	0.41%	0.02%
	TGT	C	0.1%	0.24%	0.1%
	TJX	B	0.57%	0.35%	0.35%
	TMO	B	0.13%	0.18%	0.13%
	TMUS	C	0.69%	0.43%	0.43%
	TRGP	B	0.02%	0.46%	0.02%
	TSCO	C	0.09%	0.37%	0.09%
	TSN	C	0.29%	0.3%	0.29%
	UHS	B	0.02%	0.43%	0.02%
	UNH	C	2.27%	0.37%	0.37%
	UNP	C	0.09%	0.3%	0.09%
	USB	B	0.15%	0.1%	0.1%
	UTHR	C	0.1%	0.37%	0.1%
	VICI	C	0.04%	0.37%	0.04%
	VLO	F	0.14%	0.32%	0.14%
	VLTO	C	0.09%	0.04%	0.04%
	VRTX	D	0.61%	0.37%	0.37%
	VST	C	0.01%	0.34%	0.01%
	VTR	C	0.02%	0.27%	0.02%
	VTRS	D	0.05%	0.22%	0.05%
	VZ	B	0.88%	0.41%	0.41%
	WEC	C	0.29%	0.36%	0.29%
	WELL	C	0.03%	0.42%	0.03%
	WLK	D	0.01%	0.34%	0.01%
	WM	D	0.51%	0.38%	0.38%
	WMB	B	0.12%	0.34%	0.12%
	WPC	C	0.01%	0.26%	0.01%
	WRB	C	0.12%	0.12%	0.12%
	WSM	D	0.06%	0.34%	0.06%
	WST	D	0.06%	0.24%	0.06%
	WY	C	0.03%	0.34%	0.03%
	XEL	B	0.19%	0.37%	0.19%
	XOM	C	0.77%	0.38%	0.38%
	ZTS	C	0.27%	0.32%	0.27%

QUS Overweight 323 Positions Relative to JPUS

	Symbol	Grade	Weight
	JNJ	C	1.8%
	V	C	1.8%
	MA	B	1.63%
	COST	B	1.35%
	TXN	C	1.07%
	GOOG	D	1.04%
	WMT	C	0.92%
	JPM	D	0.9%
	AMZN	C	0.64%
	NOC	B	0.59%
	WCN	D	0.55%
	MCD	B	0.52%
	ADP	B	0.51%
	ROP	C	0.48%
	HON	D	0.48%
	AJG	D	0.47%
	TRV	C	0.44%
	BLK	B	0.4%
	C	C	0.38%
	WFC	D	0.36%
	HD	B	0.33%
	GDDY	C	0.29%
	PANW	D	0.29%
	MMM	B	0.29%
	GM	C	0.27%
	KEYS	C	0.27%
	SHW	B	0.26%
	SNPS	D	0.26%
	CDW	D	0.25%
	GS	C	0.25%
	TT	B	0.24%
	NOW	B	0.24%
	VRSN	D	0.23%
	CTAS	B	0.23%
	CMG	C	0.22%
	HSY	C	0.22%
	ERIE	B	0.22%
	CME	C	0.22%
	FFIV	B	0.21%
	AEP	C	0.21%
	MCO	B	0.21%
	TDY	B	0.2%
	AON	B	0.2%
	TSLA	C	0.2%
	RTX	C	0.19%
	YUM	D	0.19%
	UBER	C	0.18%
	PTC	D	0.17%
	AKAM	D	0.17%
	FICO	B	0.17%
	TEL	D	0.17%
	INCY	C	0.17%
	ROL	C	0.17%
	PAYX	C	0.16%
	INTC	F	0.15%
	PNC	B	0.15%
	VRSK	D	0.15%
	WTW	C	0.15%
	IDXX	C	0.15%
	ICE	C	0.15%
	WDAY	D	0.15%
	MS	D	0.15%
	MKL	C	0.14%
	DIS	D	0.14%
	ADSK	C	0.14%
	TFC	C	0.14%
	CPRT	D	0.13%
	EW	F	0.13%
	GLW	C	0.13%
	NBIX	F	0.12%
	AIG	D	0.12%
	NFLX	B	0.12%
	L	C	0.12%
	A	C	0.12%
	FDX	C	0.12%
	MPWR	C	0.12%
	MCHP	F	0.12%
	ODFL	D	0.12%
	DE	B	0.11%
	WBD	D	0.11%
	NEE	C	0.11%
	BMRN	F	0.11%
	UPS	D	0.11%
	CNC	D	0.11%
	GE	B	0.11%
	AIZ	B	0.11%
	ROK	D	0.1%
	AXP	B	0.1%
	RMD	C	0.1%
	LULU	D	0.1%
	VEEV	C	0.09%
	CRM	D	0.09%
	DECK	C	0.08%
	BK	B	0.08%
	MET	B	0.08%
	MELI	B	0.08%
	TROW	D	0.08%
	ALNY	C	0.08%
	ULTA	D	0.08%
	EXPD	C	0.07%
	MU	F	0.07%
	MANH	B	0.07%
	MTB	B	0.07%
	WBA	F	0.07%
	SPGI	B	0.07%
	AMD	D	0.07%
	STX	C	0.07%
	OMC	B	0.07%
	SCHW	D	0.06%
	TER	D	0.06%
	SOLV	C	0.06%
	HUBS	D	0.06%
	EME	B	0.06%
	WAT	C	0.06%
	SBUX	C	0.06%
	ALL	B	0.06%
	DPZ	F	0.06%
	PYPL	B	0.06%
	TW	B	0.06%
	SMCI	F	0.06%
	HPQ	D	0.06%
	AMT	C	0.05%
	ENPH	D	0.05%
	OKE	B	0.05%
	FDS	C	0.05%
	JBHT	D	0.05%
	O	C	0.05%
	NSC	C	0.05%
	SLB	F	0.05%
	LNT	B	0.05%
	LPLA	D	0.05%
	CRWD	D	0.05%
	APA	F	0.05%
	SNA	C	0.05%
	WSO	C	0.05%
	TPL	B	0.05%
	DELL	D	0.05%
	KKR	B	0.04%
	URI	B	0.04%
	EPAM	F	0.04%
	KNX	C	0.04%
	GPN	D	0.04%
	JKHY	B	0.04%
	BX	B	0.04%
	ALLE	B	0.04%
	LHX	C	0.04%
	BSX	B	0.04%
	DD	B	0.04%
	EMR	D	0.04%
	APD	B	0.04%
	IEX	D	0.04%
	JCI	B	0.04%
	GGG	C	0.04%
	DVN	F	0.04%
	POOL	C	0.04%
	HAL	F	0.03%
	PPG	D	0.03%
	ON	D	0.03%
	SEIC	C	0.03%
	RJF	C	0.03%
	IQV	C	0.03%
	EXR	B	0.03%
	APTV	D	0.03%
	BA	F	0.03%
	BR	D	0.03%
	SWK	B	0.03%
	PAYC	D	0.03%
	PARA	F	0.03%
	OVV	F	0.03%
	TTC	D	0.03%
	NTRS	A	0.03%
	BIIB	F	0.03%
	BAX	C	0.03%
	ES	C	0.03%
	KMX	D	0.03%
	MKTX	C	0.03%
	NXPI	F	0.03%
	CINF	B	0.03%
	GEV	B	0.03%
	BKR	C	0.03%
	FIS	B	0.03%
	ISRG	B	0.03%
	DLR	B	0.03%
	FSLR	C	0.03%
	ABNB	D	0.02%
	XYL	C	0.02%
	CHRD	F	0.02%
	BXP	B	0.02%
	CCK	A	0.02%
	ALB	D	0.02%
	EQH	C	0.02%
	IR	C	0.02%
	MLM	D	0.02%
	MAR	C	0.02%
	LDOS	B	0.02%
	DOV	B	0.02%
	NDAQ	A	0.02%
	EFX	B	0.02%
	MRVL	C	0.02%
	AES	C	0.02%
	BALL	C	0.02%
	FTV	C	0.02%
	LKQ	F	0.02%
	WDC	D	0.02%
	AMCR	B	0.02%
	CRBG	D	0.02%
	DLTR	F	0.02%
	WAB	B	0.02%
	AWK	B	0.02%
	HES	F	0.02%
	J	C	0.02%
	FOXA	B	0.02%
	CHRW	B	0.02%
	GPC	D	0.02%
	TXT	D	0.02%
	EBAY	B	0.02%
	ZBH	F	0.02%
	ARE	C	0.02%
	SQ	D	0.02%
	IFF	B	0.02%
	SW	B	0.02%
	MRNA	F	0.02%
	JBL	D	0.02%
	NRG	C	0.02%
	CNH	D	0.02%
	DG	F	0.02%
	VRT	C	0.01%
	LUV	C	0.01%
	LYV	B	0.01%
	BBWI	F	0.01%
	Z	B	0.01%
	TYL	C	0.01%
	APP	C	0.01%
	LVS	D	0.01%
	ENTG	F	0.01%
	BIO	C	0.01%
	MTCH	C	0.01%
	LII	B	0.01%
	NDSN	C	0.01%
	COIN	F	0.01%
	ARES	B	0.01%
	DASH	C	0.01%
	MTD	D	0.01%
	ILMN	C	0.01%
	RIVN	F	0.01%
	ALGN	D	0.01%
	TWLO	D	0.01%
	RCL	B	0.01%
	SBAC	C	0.01%
	UDR	C	0.01%
	MSCI	C	0.01%
	ANSS	D	0.01%
	CTLT	B	0.01%
	MGM	F	0.01%
	AMH	C	0.01%
	CRL	F	0.01%
	UHAL	A	0.01%
	FOX	B	0.01%
	DAL	C	0.01%
	CCL	C	0.01%
	RPRX	C	0.01%
	PNR	B	0.01%
	FTNT	C	0.01%
	TFX	C	0.01%
	HLT	B	0.01%
	TDG	B	0.01%
	WTRG	D	0.01%
	TRMB	C	0.01%
	NWSA	D	0.01%
	TRU	B	0.01%
	ZBRA	B	0.01%
	BEN	F	0.01%
	TTWO	C	0.01%
	CG	D	0.01%
	HWM	B	0.01%
	ZM	C	0.01%
	QRVO	F	0.01%
	ACM	B	0.01%
	CPAY	B	0.01%
	HSIC	C	0.01%
	EXPE	C	0.01%
	BRO	C	0.01%
	EL	F	0.01%
	HII	D	0.01%
	BURL	B	0.01%
	SUI	B	0.01%
	MKC	C	0.01%
	AVTR	B	0.01%
	INVH	C	0.01%
	VMC	D	0.01%
	DOC	C	0.01%
	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%
	MSTR	D	0.0%
	DDOG	D	0.0%
	BSY	D	0.0%
	PSTG	F	0.0%
	SNAP	F	0.0%
	DOCU	C	0.0%
	H	C	0.0%
	WYNN	D	0.0%
	DT	C	0.0%
	DAY	D	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%
	HOOD	C	0.0%
	HEI	B	0.0%
	EXAS	C	0.0%
	PLTR	B	0.0%
	ELS	C	0.0%
	TTD	B	0.0%
	OKTA	F	0.0%
	TECH	C	0.0%

QUS Underweight 98 Positions Relative to JPUS

	Symbol	Grade	Weight
	FYBR	C	-0.51%
	HRB	C	-0.46%
	OHI	B	-0.45%
	JLL	B	-0.45%
	TOL	B	-0.45%
	USFD	B	-0.43%
	CUBE	B	-0.43%
	INGR	B	-0.43%
	PNW	C	-0.42%
	POST	C	-0.42%
	CLH	A	-0.41%
	UNM	B	-0.41%
	LAMR	B	-0.41%
	PFGC	B	-0.4%
	BRX	B	-0.38%
	CASY	D	-0.38%
	AM	C	-0.37%
	MTG	B	-0.36%
	OGE	C	-0.36%
	SCCO	D	-0.35%
	NXST	D	-0.35%
	CIEN	C	-0.33%
	NFG	B	-0.31%
	ALSN	B	-0.3%
	PAG	D	-0.3%
	ORI	B	-0.29%
	GNTX	F	-0.28%
	X	F	-0.28%
	ESI	D	-0.27%
	SPB	C	-0.27%
	OLN	D	-0.26%
	STAG	C	-0.26%
	DOX	C	-0.25%
	HUN	D	-0.25%
	UGI	C	-0.24%
	JEF	B	-0.24%
	FLO	C	-0.23%
	MSM	D	-0.23%
	SNX	D	-0.22%
	NNN	C	-0.21%
	ITT	B	-0.21%
	PK	D	-0.21%
	BPOP	C	-0.21%
	SAM	F	-0.2%
	MEDP	F	-0.2%
	TKR	D	-0.2%
	XP	D	-0.19%
	EPR	B	-0.19%
	THC	A	-0.19%
	SCI	B	-0.18%
	EXP	B	-0.18%
	STWD	B	-0.18%
	NEU	D	-0.18%
	CLF	F	-0.17%
	CNM	F	-0.17%
	RHI	D	-0.17%
	M	F	-0.17%
	OMF	D	-0.17%
	FR	B	-0.17%
	CHE	C	-0.17%
	GAP	F	-0.17%
	RGA	C	-0.16%
	KRC	B	-0.15%
	ASH	D	-0.15%
	HIW	B	-0.15%
	R	A	-0.14%
	COKE	C	-0.13%
	WU	F	-0.13%
	CACI	B	-0.13%
	BRBR	C	-0.12%
	VIRT	C	-0.12%
	FRT	C	-0.1%
	VVV	D	-0.1%
	UI	B	-0.1%
	PPC	D	-0.09%
	SLM	D	-0.09%
	IDA	C	-0.09%
	SAIC	C	-0.09%
	LOPE	D	-0.08%
	IRDM	D	-0.07%
	EGP	B	-0.07%
	LPX	B	-0.07%
	DLB	D	-0.06%
	RRC	D	-0.05%
	DTM	B	-0.05%
	TNL	D	-0.05%
	CWEN	C	-0.05%
	AGO	C	-0.04%
	LSTR	D	-0.04%
	FTRE	D	-0.03%
	LEG	D	-0.03%
	HOG	C	-0.03%
	CRI	D	-0.03%
	LBRDK	F	-0.03%
	KSS	F	-0.01%
	SON	C	-0.01%
	CC	F	-0.01%
	GO	F	-0.01%

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

JPUS: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Packaged Foods Oil & Gas E&P Specialty Chemicals Banks - Regional - US Drug Manufacturers - Major REIT - Diversified REIT - Retail Beverages - Soft Drinks Communication Equipment Credit Services Diversified Industrials Health Care Plans Household & Personal Products Information Technology Services REIT - Industrial Specialty Retail Utilities - Diversified Building Materials Chemicals

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