QUS vs. SPXN ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to ProShares S&P 500 Ex-Financials ETF (SPXN)

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

$161.50

Average Daily Volume

15,293

Number of Holdings ^*

582

* may have additional holdings in another (foreign) market

SPXN

ProShares S&P 500 Ex-Financials ETF

SPXN Description

The investment seeks investment results, before fees and expenses that track the performance of the S&P 500® Ex-Financials Index (the "index"). Under normal circumstances, the fund will invest at least 80% of its total assets in component securities. The index seeks to provide exposure to the companies of the S&P 500® Index (the "S&P 500®") with the exception of those companies included in the Financials Sector.

Grade (RS Rating)

Last Trade

$63.95

Average Daily Volume

2,186

Number of Holdings ^*

396

* may have additional holdings in another (foreign) market

Performance

Period	QUS	SPXN
30 Days	0.84%	1.56%
60 Days	4.21%	5.94%
90 Days	6.22%	7.49%
12 Months	30.85%	33.29%

384 Overlapping Holdings

	Symbol	Grade	Weight in QUS	Weight in SPXN	Overlap
	A	F	0.11%	0.09%	0.09%
	AAPL	C	3.19%	8.06%	3.19%
	ABBV	D	0.58%	0.82%	0.58%
	ABNB	C	0.02%	0.14%	0.02%
	ABT	C	0.15%	0.47%	0.15%
	ACN	C	1.16%	0.52%	0.52%
	ADBE	C	0.69%	0.51%	0.51%
	ADI	F	0.15%	0.26%	0.15%
	ADM	F	0.08%	0.06%	0.06%
	ADP	A	0.54%	0.29%	0.29%
	ADSK	A	0.16%	0.15%	0.15%
	AEE	A	0.11%	0.06%	0.06%
	AEP	D	0.18%	0.12%	0.12%
	AES	F	0.01%	0.02%	0.01%
	AKAM	F	0.14%	0.03%	0.03%
	ALB	B	0.02%	0.03%	0.02%
	ALGN	F	0.01%	0.04%	0.01%
	ALLE	D	0.04%	0.03%	0.03%
	AMAT	F	0.53%	0.37%	0.37%
	AMCR	D	0.02%	0.03%	0.02%
	AMD	F	0.07%	0.56%	0.07%
	AME	A	0.02%	0.1%	0.02%
	AMGN	F	0.31%	0.41%	0.31%
	AMZN	A	0.69%	4.54%	0.69%
	ANET	C	0.41%	0.24%	0.24%
	ANSS	B	0.01%	0.07%	0.01%
	AOS	F	0.03%	0.02%	0.02%
	APA	F	0.04%	0.02%	0.02%
	APD	B	0.04%	0.16%	0.04%
	APH	B	0.73%	0.21%	0.21%
	APTV	D	0.02%	0.03%	0.02%
	ATO	A	0.04%	0.05%	0.04%
	AVGO	C	0.63%	2.0%	0.63%
	AVY	F	0.01%	0.04%	0.01%
	AWK	D	0.02%	0.06%	0.02%
	AXON	B	0.0%	0.1%	0.0%
	AZO	C	0.35%	0.13%	0.13%
	BA	F	0.02%	0.26%	0.02%
	BALL	D	0.02%	0.04%	0.02%
	BAX	F	0.02%	0.04%	0.02%
	BBY	D	0.09%	0.04%	0.04%
	BDX	D	0.24%	0.16%	0.16%
	BG	D	0.04%	0.03%	0.03%
	BIIB	F	0.02%	0.06%	0.02%
	BKNG	A	0.04%	0.39%	0.04%
	BKR	B	0.04%	0.1%	0.04%
	BLDR	D	0.08%	0.05%	0.05%
	BMY	B	0.32%	0.26%	0.26%
	BR	A	0.03%	0.06%	0.03%
	BSX	A	0.04%	0.3%	0.04%
	CAG	F	0.02%	0.03%	0.02%
	CAH	A	0.12%	0.07%	0.07%
	CARR	C	0.04%	0.15%	0.04%
	CAT	C	0.63%	0.45%	0.45%
	CCL	A	0.01%	0.06%	0.01%
	CDNS	B	0.29%	0.19%	0.19%
	CDW	F	0.21%	0.06%	0.06%
	CE	F	0.01%	0.02%	0.01%
	CEG	D	0.03%	0.18%	0.03%
	CF	B	0.03%	0.04%	0.03%
	CHD	B	0.14%	0.06%	0.06%
	CHRW	A	0.02%	0.03%	0.02%
	CHTR	B	0.09%	0.09%	0.09%
	CI	D	0.23%	0.21%	0.21%
	CL	F	0.16%	0.18%	0.16%
	CLX	A	0.01%	0.05%	0.01%
	CMCSA	B	0.42%	0.4%	0.4%
	CMG	B	0.22%	0.19%	0.19%
	CMI	A	0.16%	0.11%	0.11%
	CMS	C	0.08%	0.05%	0.05%
	CNC	F	0.09%	0.07%	0.07%
	CNP	B	0.02%	0.05%	0.02%
	COP	C	0.16%	0.3%	0.16%
	COR	A	0.36%	0.1%	0.1%
	COST	B	1.33%	0.98%	0.98%
	CPB	F	0.12%	0.02%	0.02%
	CPRT	A	0.14%	0.11%	0.11%
	CRL	C	0.01%	0.03%	0.01%
	CRM	B	0.11%	0.73%	0.11%
	CRWD	B	0.06%	0.18%	0.06%
	CSCO	A	1.32%	0.55%	0.55%
	CSX	B	0.05%	0.16%	0.05%
	CTAS	A	0.24%	0.18%	0.18%
	CTLT	D	0.01%	0.02%	0.01%
	CTRA	B	0.03%	0.04%	0.03%
	CTSH	A	0.4%	0.09%	0.09%
	CTVA	C	0.17%	0.09%	0.09%
	CVS	F	0.3%	0.16%	0.16%
	CVX	B	0.52%	0.62%	0.52%
	D	D	0.13%	0.11%	0.11%
	DAL	A	0.01%	0.09%	0.01%
	DAY	C	0.0%	0.03%	0.0%
	DD	D	0.04%	0.08%	0.04%
	DE	D	0.1%	0.24%	0.1%
	DECK	B	0.08%	0.06%	0.06%
	DELL	B	0.06%	0.09%	0.06%
	DG	F	0.02%	0.04%	0.02%
	DGX	A	0.06%	0.04%	0.04%
	DHI	F	0.19%	0.12%	0.12%
	DHR	F	0.09%	0.37%	0.09%
	DIS	B	0.15%	0.42%	0.15%
	DLTR	F	0.02%	0.03%	0.02%
	DOV	A	0.02%	0.06%	0.02%
	DOW	F	0.06%	0.08%	0.06%
	DPZ	C	0.07%	0.04%	0.04%
	DRI	B	0.01%	0.05%	0.01%
	DTE	D	0.09%	0.06%	0.06%
	DUK	D	0.59%	0.2%	0.2%
	DVA	C	0.01%	0.02%	0.01%
	DVN	F	0.04%	0.06%	0.04%
	DXCM	C	0.0%	0.07%	0.0%
	EA	A	0.3%	0.09%	0.09%
	EBAY	C	0.02%	0.07%	0.02%
	ECL	C	0.02%	0.15%	0.02%
	ED	D	0.42%	0.08%	0.08%
	EFX	D	0.01%	0.08%	0.01%
	EIX	C	0.04%	0.07%	0.04%
	EL	F	0.01%	0.03%	0.01%
	ELV	F	0.3%	0.23%	0.23%
	EMN	D	0.02%	0.03%	0.02%
	EMR	A	0.05%	0.17%	0.05%
	ENPH	F	0.03%	0.02%	0.02%
	EOG	A	0.15%	0.18%	0.15%
	EPAM	B	0.04%	0.03%	0.03%
	EQT	B	0.03%	0.06%	0.03%
	ES	D	0.02%	0.05%	0.02%
	ETN	A	0.05%	0.34%	0.05%
	ETR	B	0.05%	0.07%	0.05%
	EVRG	A	0.02%	0.03%	0.02%
	EW	D	0.12%	0.09%	0.09%
	EXC	C	0.05%	0.09%	0.05%
	EXPD	D	0.06%	0.04%	0.04%
	EXPE	B	0.02%	0.05%	0.02%
	F	C	0.16%	0.1%	0.1%
	FANG	D	0.22%	0.08%	0.08%
	FAST	A	0.15%	0.11%	0.11%
	FCX	F	0.04%	0.16%	0.04%
	FDX	B	0.11%	0.15%	0.11%
	FE	D	0.02%	0.05%	0.02%
	FFIV	A	0.23%	0.03%	0.03%
	FICO	B	0.21%	0.13%	0.13%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	A	0.02%	0.02%	0.02%
	FSLR	F	0.03%	0.05%	0.03%
	FTNT	B	0.01%	0.14%	0.01%
	FTV	D	0.02%	0.06%	0.02%
	GD	A	0.07%	0.19%	0.07%
	GDDY	A	0.32%	0.06%	0.06%
	GE	C	0.11%	0.47%	0.11%
	GEHC	F	0.03%	0.09%	0.03%
	GEN	A	0.13%	0.04%	0.04%
	GEV	B	0.05%	0.22%	0.05%
	GILD	C	0.46%	0.28%	0.28%
	GIS	F	0.26%	0.09%	0.09%
	GLW	C	0.14%	0.09%	0.09%
	GM	A	0.3%	0.15%	0.15%
	GOOG	B	1.13%	2.02%	1.13%
	GOOGL	B	1.22%	2.44%	1.22%
	GPC	D	0.02%	0.04%	0.02%
	GRMN	A	0.2%	0.08%	0.08%
	GWW	B	0.2%	0.13%	0.13%
	HAL	C	0.03%	0.06%	0.03%
	HCA	D	0.06%	0.15%	0.06%
	HD	B	0.34%	0.94%	0.34%
	HES	C	0.02%	0.09%	0.02%
	HII	D	0.01%	0.02%	0.01%
	HLT	A	0.01%	0.14%	0.01%
	HOLX	D	0.07%	0.04%	0.04%
	HON	B	0.49%	0.33%	0.33%
	HPE	B	0.06%	0.07%	0.06%
	HPQ	B	0.07%	0.08%	0.07%
	HRL	F	0.08%	0.02%	0.02%
	HSIC	F	0.01%	0.02%	0.01%
	HSY	D	0.18%	0.06%	0.06%
	HUBB	B	0.07%	0.06%	0.06%
	HUM	D	0.2%	0.08%	0.08%
	HWM	A	0.01%	0.11%	0.01%
	IBM	C	0.69%	0.46%	0.46%
	IDXX	D	0.12%	0.08%	0.08%
	IEX	B	0.05%	0.04%	0.04%
	IFF	F	0.02%	0.05%	0.02%
	INCY	B	0.22%	0.03%	0.03%
	INTC	C	0.18%	0.26%	0.18%
	INTU	A	0.04%	0.45%	0.04%
	IP	C	0.04%	0.05%	0.04%
	IPG	F	0.02%	0.03%	0.02%
	IQV	F	0.02%	0.09%	0.02%
	IR	A	0.02%	0.1%	0.02%
	ISRG	A	0.03%	0.45%	0.03%
	IT	A	0.13%	0.1%	0.1%
	ITW	A	0.27%	0.17%	0.17%
	J	B	0.02%	0.04%	0.02%
	JBHT	B	0.05%	0.04%	0.04%
	JBL	C	0.03%	0.04%	0.03%
	JCI	A	0.05%	0.13%	0.05%
	JNJ	D	1.62%	0.87%	0.87%
	JNPR	D	0.17%	0.03%	0.03%
	K	A	0.28%	0.05%	0.05%
	KDP	D	0.24%	0.08%	0.08%
	KEYS	C	0.28%	0.07%	0.07%
	KHC	F	0.18%	0.07%	0.07%
	KLAC	F	0.32%	0.22%	0.22%
	KMB	F	0.1%	0.11%	0.1%
	KMI	B	0.06%	0.12%	0.06%
	KMX	C	0.03%	0.03%	0.03%
	KO	F	0.82%	0.58%	0.58%
	KR	A	0.32%	0.09%	0.09%
	KVUE	B	0.04%	0.11%	0.04%
	LDOS	B	0.02%	0.06%	0.02%
	LEN	D	0.06%	0.1%	0.06%
	LH	A	0.03%	0.05%	0.03%
	LHX	A	0.04%	0.12%	0.04%
	LIN	D	0.15%	0.52%	0.15%
	LKQ	D	0.02%	0.02%	0.02%
	LLY	F	2.09%	1.53%	1.53%
	LMT	C	0.75%	0.28%	0.28%
	LNT	C	0.05%	0.03%	0.03%
	LOW	B	0.12%	0.36%	0.12%
	LRCX	F	0.33%	0.24%	0.24%
	LULU	C	0.12%	0.08%	0.08%
	LUV	B	0.01%	0.04%	0.01%
	LVS	C	0.01%	0.04%	0.01%
	LW	C	0.03%	0.03%	0.03%
	LYB	F	0.04%	0.05%	0.04%
	LYV	B	0.01%	0.04%	0.01%
	MAR	A	0.02%	0.15%	0.02%
	MAS	D	0.01%	0.04%	0.01%
	MCD	C	0.5%	0.5%	0.5%
	MCHP	F	0.11%	0.09%	0.09%
	MCK	A	0.6%	0.18%	0.18%
	MDLZ	F	0.22%	0.21%	0.21%
	MDT	D	0.15%	0.26%	0.15%
	META	B	2.41%	3.01%	2.41%
	MGM	D	0.01%	0.02%	0.01%
	MKC	D	0.01%	0.05%	0.01%
	MLM	B	0.02%	0.09%	0.02%
	MMM	C	0.28%	0.17%	0.17%
	MNST	B	0.12%	0.09%	0.09%
	MO	A	0.06%	0.22%	0.06%
	MOH	F	0.14%	0.05%	0.05%
	MOS	D	0.03%	0.02%	0.02%
	MPC	D	0.31%	0.12%	0.12%
	MPWR	F	0.1%	0.09%	0.09%
	MRK	F	0.48%	0.61%	0.48%
	MRNA	F	0.02%	0.04%	0.02%
	MRO	B	0.04%	0.04%	0.04%
	MSFT	C	2.68%	7.34%	2.68%
	MSI	B	0.64%	0.2%	0.2%
	MTCH	F	0.01%	0.02%	0.01%
	MTD	F	0.01%	0.06%	0.01%
	MU	D	0.08%	0.29%	0.08%
	NDSN	B	0.01%	0.03%	0.01%
	NEE	D	0.09%	0.37%	0.09%
	NEM	F	0.2%	0.12%	0.12%
	NFLX	A	0.13%	0.8%	0.13%
	NI	A	0.02%	0.04%	0.02%
	NKE	F	0.27%	0.21%	0.21%
	NOC	C	0.57%	0.17%	0.17%
	NOW	A	0.26%	0.49%	0.26%
	NRG	B	0.03%	0.05%	0.03%
	NSC	B	0.05%	0.14%	0.05%
	NTAP	D	0.16%	0.06%	0.06%
	NUE	C	0.08%	0.09%	0.08%
	NVDA	B	2.8%	8.48%	2.8%
	NVR	D	0.11%	0.06%	0.06%
	NWSA	B	0.01%	0.03%	0.01%
	NXPI	F	0.03%	0.14%	0.03%
	ODFL	B	0.14%	0.1%	0.1%
	OKE	A	0.05%	0.15%	0.05%
	OMC	B	0.07%	0.05%	0.05%
	ON	F	0.02%	0.07%	0.02%
	ORCL	A	0.54%	0.71%	0.54%
	ORLY	A	0.25%	0.17%	0.17%
	OTIS	C	0.04%	0.09%	0.04%
	OXY	D	0.1%	0.08%	0.08%
	PANW	A	0.31%	0.3%	0.3%
	PARA	C	0.03%	0.02%	0.02%
	PAYC	B	0.04%	0.03%	0.03%
	PAYX	B	0.17%	0.11%	0.11%
	PCAR	B	0.06%	0.14%	0.06%
	PCG	A	0.06%	0.1%	0.06%
	PEG	C	0.04%	0.1%	0.04%
	PEP	D	1.03%	0.53%	0.53%
	PFE	F	0.34%	0.35%	0.34%
	PG	C	0.57%	0.92%	0.57%
	PH	A	0.04%	0.21%	0.04%
	PHM	D	0.11%	0.06%	0.06%
	PKG	B	0.09%	0.05%	0.05%
	PLTR	B	0.01%	0.28%	0.01%
	PM	C	0.11%	0.46%	0.11%
	PNR	A	0.01%	0.04%	0.01%
	PODD	B	0.0%	0.04%	0.0%
	POOL	D	0.04%	0.03%	0.03%
	PPG	F	0.02%	0.07%	0.02%
	PPL	A	0.02%	0.06%	0.02%
	PSX	D	0.14%	0.12%	0.12%
	PTC	B	0.18%	0.05%	0.05%
	PWR	B	0.02%	0.11%	0.02%
	QCOM	F	0.57%	0.44%	0.44%
	QRVO	F	0.01%	0.02%	0.01%
	RCL	A	0.01%	0.12%	0.01%
	REGN	F	0.27%	0.21%	0.21%
	RMD	C	0.1%	0.09%	0.09%
	ROK	B	0.09%	0.07%	0.07%
	ROL	B	0.17%	0.03%	0.03%
	ROP	A	0.47%	0.14%	0.14%
	ROST	F	0.03%	0.11%	0.03%
	RSG	A	0.53%	0.1%	0.1%
	RTX	C	0.19%	0.38%	0.19%
	RVTY	C	0.02%	0.04%	0.02%
	SBUX	B	0.06%	0.26%	0.06%
	SHW	A	0.26%	0.21%	0.21%
	SJM	F	0.02%	0.03%	0.02%
	SLB	C	0.05%	0.14%	0.05%
	SMCI	F	0.03%	0.03%	0.03%
	SNA	A	0.06%	0.04%	0.04%
	SNPS	B	0.29%	0.2%	0.2%
	SO	D	0.53%	0.23%	0.23%
	SOLV	D	0.06%	0.02%	0.02%
	SRE	A	0.06%	0.14%	0.06%
	STE	F	0.01%	0.05%	0.01%
	STLD	B	0.04%	0.05%	0.04%
	STX	D	0.07%	0.05%	0.05%
	STZ	D	0.02%	0.09%	0.02%
	SW	C	0.03%	0.06%	0.03%
	SWK	F	0.02%	0.03%	0.02%
	SWKS	F	0.05%	0.03%	0.03%
	SYK	A	0.05%	0.3%	0.05%
	SYY	B	0.05%	0.09%	0.05%
	T	A	0.66%	0.37%	0.37%
	TAP	B	0.02%	0.02%	0.02%
	TDG	B	0.01%	0.18%	0.01%
	TDY	A	0.22%	0.05%	0.05%
	TECH	B	0.0%	0.03%	0.0%
	TER	F	0.05%	0.04%	0.04%
	TFX	F	0.01%	0.02%	0.01%
	TGT	C	0.1%	0.16%	0.1%
	TJX	B	0.54%	0.31%	0.31%
	TMO	F	0.11%	0.49%	0.11%
	TMUS	A	0.76%	0.27%	0.27%
	TRGP	B	0.03%	0.1%	0.03%
	TRMB	B	0.01%	0.04%	0.01%
	TSCO	C	0.09%	0.07%	0.07%
	TSLA	B	0.27%	2.08%	0.27%
	TSN	C	0.27%	0.04%	0.04%
	TT	A	0.26%	0.22%	0.22%
	TTWO	A	0.01%	0.07%	0.01%
	TXN	C	1.13%	0.47%	0.47%
	TXT	C	0.02%	0.04%	0.02%
	TYL	B	0.01%	0.06%	0.01%
	UBER	F	0.17%	0.35%	0.17%
	UHS	D	0.02%	0.03%	0.02%
	ULTA	C	0.08%	0.04%	0.04%
	UNH	B	2.25%	1.33%	1.33%
	UNP	C	0.08%	0.34%	0.08%
	UPS	C	0.11%	0.23%	0.11%
	URI	B	0.04%	0.14%	0.04%
	VLO	D	0.14%	0.1%	0.1%
	VLTO	C	0.08%	0.06%	0.06%
	VMC	B	0.02%	0.09%	0.02%
	VRSK	A	0.15%	0.09%	0.09%
	VRSN	C	0.22%	0.04%	0.04%
	VRTX	B	0.62%	0.31%	0.31%
	VST	B	0.02%	0.11%	0.02%
	VTRS	B	0.05%	0.04%	0.04%
	VZ	C	0.77%	0.4%	0.4%
	WAB	A	0.02%	0.08%	0.02%
	WAT	A	0.07%	0.05%	0.05%
	WBA	D	0.07%	0.02%	0.02%
	WBD	B	0.11%	0.05%	0.05%
	WDC	D	0.02%	0.05%	0.02%
	WEC	B	0.28%	0.07%	0.07%
	WM	A	0.52%	0.19%	0.19%
	WMB	B	0.14%	0.16%	0.14%
	WMT	A	0.93%	0.86%	0.86%
	WST	B	0.06%	0.06%	0.06%
	WYNN	F	0.0%	0.02%	0.0%
	XEL	A	0.19%	0.09%	0.09%
	XOM	B	0.81%	1.26%	0.81%
	XYL	D	0.01%	0.07%	0.01%
	YUM	B	0.19%	0.09%	0.09%
	ZBH	C	0.02%	0.05%	0.02%
	ZBRA	A	0.01%	0.05%	0.01%
	ZTS	D	0.24%	0.19%	0.19%

QUS Overweight 198 Positions Relative to SPXN

	Symbol	Grade	Weight
	V	A	1.85%
	MA	B	1.66%
	BRK.A	B	1.06%
	JPM	B	1.01%
	MMC	C	0.68%
	BAC	A	0.66%
	PGR	A	0.65%
	CB	C	0.62%
	WCN	A	0.52%
	WFC	A	0.46%
	AJG	A	0.45%
	TRV	B	0.45%
	C	A	0.44%
	ACGL	D	0.37%
	FCNCA	B	0.32%
	FI	A	0.3%
	GS	B	0.29%
	CBOE	D	0.28%
	BAH	C	0.24%
	CME	A	0.22%
	MCO	C	0.21%
	AFL	C	0.21%
	AON	A	0.21%
	MS	A	0.19%
	EG	D	0.17%
	ERIE	F	0.17%
	USB	A	0.16%
	PNC	B	0.16%
	COF	B	0.16%
	TFC	B	0.15%
	AFG	A	0.15%
	WDAY	B	0.15%
	WTW	A	0.15%
	MKL	A	0.14%
	ICE	D	0.14%
	PSA	C	0.14%
	NBIX	C	0.12%
	AIG	B	0.12%
	AIZ	A	0.12%
	WRB	B	0.12%
	L	A	0.12%
	UTHR	B	0.11%
	AXP	B	0.1%
	TPL	B	0.09%
	BK	B	0.09%
	HIG	C	0.09%
	VEEV	B	0.09%
	TROW	B	0.09%
	EME	B	0.08%
	PLD	D	0.08%
	HUBS	B	0.08%
	MTB	B	0.08%
	PRU	B	0.08%
	BMRN	F	0.08%
	MET	C	0.08%
	ALNY	D	0.08%
	MANH	C	0.07%
	TW	C	0.07%
	MELI	D	0.07%
	DFS	B	0.07%
	PYPL	A	0.07%
	LPLA	B	0.07%
	WSO	A	0.06%
	WSM	F	0.06%
	STT	B	0.06%
	RF	B	0.06%
	FITB	A	0.06%
	SYF	B	0.06%
	ALL	A	0.06%
	SCHW	A	0.06%
	CFG	B	0.06%
	SPGI	C	0.06%
	GGG	B	0.05%
	FDS	A	0.05%
	CBRE	A	0.05%
	LNG	B	0.05%
	HBAN	B	0.05%
	VICI	D	0.04%
	WELL	B	0.04%
	AMT	F	0.04%
	DLR	C	0.04%
	GPN	B	0.04%
	AMP	A	0.04%
	JKHY	C	0.04%
	KNX	B	0.04%
	KEY	B	0.04%
	O	D	0.04%
	KKR	B	0.04%
	BX	A	0.04%
	CCI	F	0.03%
	ALLY	C	0.03%
	RS	B	0.03%
	TTC	F	0.03%
	APO	B	0.03%
	ACI	C	0.03%
	WY	F	0.03%
	SEIC	A	0.03%
	OVV	C	0.03%
	SPG	B	0.03%
	MKTX	C	0.03%
	NTRS	A	0.03%
	CINF	A	0.03%
	PFG	C	0.03%
	RJF	A	0.03%
	FIS	B	0.03%
	BXP	D	0.02%
	CPAY	A	0.02%
	SSNC	C	0.02%
	CCK	D	0.02%
	NDAQ	A	0.02%
	VTR	C	0.02%
	EQH	B	0.02%
	KIM	A	0.02%
	EQR	C	0.02%
	ARE	F	0.02%
	OC	A	0.02%
	FNF	C	0.02%
	AVB	A	0.02%
	CRBG	C	0.02%
	MRVL	B	0.02%
	DINO	D	0.02%
	EXR	D	0.02%
	EQIX	B	0.02%
	CNH	D	0.02%
	SQ	B	0.02%
	TTD	B	0.01%
	RIVN	D	0.01%
	ENTG	D	0.01%
	BBWI	C	0.01%
	Z	B	0.01%
	LII	B	0.01%
	BIO	C	0.01%
	SBAC	D	0.01%
	VRT	B	0.01%
	AMH	C	0.01%
	UDR	C	0.01%
	ARES	B	0.01%
	WLK	F	0.01%
	ILMN	C	0.01%
	CSGP	D	0.01%
	RPRX	F	0.01%
	UHAL	C	0.01%
	MSCI	B	0.01%
	DASH	A	0.01%
	CPT	C	0.01%
	GLPI	D	0.01%
	WTRG	C	0.01%
	HST	C	0.01%
	FBIN	F	0.01%
	CSL	B	0.01%
	ESS	C	0.01%
	REG	A	0.01%
	RPM	A	0.01%
	TRU	D	0.01%
	IRM	D	0.01%
	SUI	D	0.01%
	AVTR	F	0.01%
	BEN	C	0.01%
	COIN	B	0.01%
	TWLO	A	0.01%
	WPC	F	0.01%
	INVH	D	0.01%
	BURL	C	0.01%
	MAA	C	0.01%
	ACM	B	0.01%
	CHRD	F	0.01%
	DKS	F	0.01%
	BRO	A	0.01%
	DOC	C	0.01%
	ZM	B	0.01%
	CG	C	0.01%
	APP	B	0.01%
	CELH	F	0.0%
	IOT	B	0.0%
	ZS	B	0.0%
	TEAM	B	0.0%
	NET	B	0.0%
	RBLX	B	0.0%
	MDB	C	0.0%
	TOST	A	0.0%
	DKNG	B	0.0%
	BSY	F	0.0%
	DDOG	B	0.0%
	PSTG	D	0.0%
	H	B	0.0%
	SNAP	C	0.0%
	DT	C	0.0%
	DOCU	B	0.0%
	HEI	B	0.0%
	MSTR	B	0.0%
	EXAS	F	0.0%
	SNOW	C	0.0%
	ROKU	C	0.0%
	PINS	F	0.0%
	HEI	B	0.0%
	ELS	C	0.0%
	OKTA	C	0.0%
	HOOD	B	0.0%

QUS Underweight 12 Positions Relative to SPXN

	Symbol	Grade	Weight
	UAL	B	-0.07%
	GNRC	B	-0.03%
	NCLH	B	-0.03%
	TPR	B	-0.03%
	FMC	F	-0.02%
	BWA	B	-0.02%
	MHK	D	-0.02%
	HAS	D	-0.02%
	CZR	F	-0.02%
	RL	B	-0.02%
	PNW	B	-0.02%
	NWS	B	-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

SPXN: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Semiconductors Diagnostics & Research Oil & Gas E&P Aerospace & Defense Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Business Services Health Care Plans Household & Personal Products Information Technology Services Specialty Chemicals Utilities - Diversified Internet Content & Information Leisure

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Electronics Dow Jones Component Chemical Medicine Aerospace Semiconductor Telecommunications Petroleum Industry Transport Mining Plastic Beverage Integrated Circuits Mobile Devices Work From Home