QUS vs. VO ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to Vanguard Mid-Cap ETF - DNQ (VO)

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

$161.92

Average Daily Volume

15,365

Number of Holdings ^*

583

* may have additional holdings in another (foreign) market

VO

Vanguard Mid-Cap ETF - DNQ

VO Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Index, a broadly diversified index of stocks of mid-size U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$281.84

Average Daily Volume

578,616

Number of Holdings ^*

306

* may have additional holdings in another (foreign) market

Performance

Period	QUS	VO
30 Days	2.25%	5.97%
60 Days	3.15%	7.54%
90 Days	4.45%	10.26%
12 Months	29.35%	32.89%

301 Overlapping Holdings

	Symbol	Grade	Weight in QUS	Weight in VO	Overlap
	A	D	0.11%	0.46%	0.11%
	ACGL	D	0.38%	0.43%	0.38%
	ADM	D	0.08%	0.32%	0.08%
	AEE	A	0.11%	0.28%	0.11%
	AIG	B	0.12%	0.3%	0.12%
	AJG	B	0.46%	0.75%	0.46%
	AKAM	D	0.14%	0.19%	0.14%
	ALB	C	0.02%	0.07%	0.02%
	ALGN	D	0.01%	0.18%	0.01%
	ALL	A	0.06%	0.6%	0.06%
	ALNY	D	0.07%	0.42%	0.07%
	AME	A	0.02%	0.51%	0.02%
	AMP	A	0.04%	0.61%	0.04%
	ANSS	B	0.01%	0.34%	0.01%
	APH	A	0.71%	0.98%	0.71%
	APO	B	0.03%	0.69%	0.03%
	APP	B	0.02%	0.23%	0.02%
	APTV	D	0.02%	0.18%	0.02%
	ARE	D	0.02%	0.24%	0.02%
	ARES	A	0.01%	0.36%	0.01%
	AVB	B	0.02%	0.38%	0.02%
	AVTR	F	0.01%	0.18%	0.01%
	AVY	D	0.01%	0.2%	0.01%
	AWK	D	0.02%	0.33%	0.02%
	AZO	C	0.36%	0.31%	0.31%
	BALL	D	0.02%	0.22%	0.02%
	BAX	D	0.02%	0.22%	0.02%
	BBY	D	0.09%	0.21%	0.09%
	BEN	C	0.01%	0.04%	0.01%
	BIIB	F	0.02%	0.31%	0.02%
	BKR	B	0.04%	0.46%	0.04%
	BMRN	D	0.08%	0.15%	0.08%
	BR	A	0.03%	0.3%	0.03%
	BRO	B	0.01%	0.29%	0.01%
	BSY	D	0.0%	0.09%	0.0%
	BURL	A	0.01%	0.19%	0.01%
	CAG	D	0.02%	0.17%	0.02%
	CAH	B	0.12%	0.32%	0.12%
	CARR	D	0.04%	0.76%	0.04%
	CBOE	B	0.29%	0.27%	0.27%
	CBRE	B	0.05%	0.49%	0.05%
	CCL	B	0.01%	0.25%	0.01%
	CDW	F	0.19%	0.3%	0.19%
	CE	F	0.01%	0.17%	0.01%
	CEG	D	0.03%	1.01%	0.03%
	CF	B	0.03%	0.18%	0.03%
	CFG	B	0.07%	0.22%	0.07%
	CHD	B	0.14%	0.3%	0.14%
	CINF	A	0.03%	0.27%	0.03%
	CLX	B	0.01%	0.24%	0.01%
	CMI	A	0.17%	0.55%	0.17%
	CMS	C	0.09%	0.25%	0.09%
	CNC	D	0.08%	0.4%	0.08%
	CNP	B	0.02%	0.23%	0.02%
	COIN	C	0.01%	0.38%	0.01%
	COR	B	0.35%	0.49%	0.35%
	CPAY	A	0.02%	0.26%	0.02%
	CPB	D	0.12%	0.11%	0.11%
	CPRT	A	0.14%	0.54%	0.14%
	CRBG	B	0.02%	0.08%	0.02%
	CSGP	D	0.01%	0.36%	0.01%
	CTAS	B	0.23%	0.86%	0.23%
	CTRA	B	0.03%	0.2%	0.03%
	CTSH	B	0.39%	0.45%	0.39%
	CTVA	C	0.16%	0.51%	0.16%
	D	C	0.14%	0.3%	0.14%
	DAL	C	0.01%	0.45%	0.01%
	DASH	A	0.01%	0.62%	0.01%
	DD	D	0.04%	0.38%	0.04%
	DDOG	A	0.0%	0.45%	0.0%
	DFS	B	0.07%	0.45%	0.07%
	DG	F	0.02%	0.21%	0.02%
	DGX	A	0.06%	0.21%	0.06%
	DHI	D	0.19%	0.6%	0.19%
	DLR	B	0.04%	0.71%	0.04%
	DLTR	F	0.02%	0.16%	0.02%
	DOC	D	0.01%	0.1%	0.01%
	DOV	A	0.02%	0.32%	0.02%
	DOW	F	0.06%	0.42%	0.06%
	DPZ	C	0.07%	0.18%	0.07%
	DRI	B	0.02%	0.23%	0.02%
	DTE	C	0.1%	0.27%	0.1%
	DVN	F	0.04%	0.29%	0.04%
	DXCM	D	0.0%	0.34%	0.0%
	EA	A	0.31%	0.48%	0.31%
	EBAY	D	0.02%	0.34%	0.02%
	ED	D	0.42%	0.43%	0.42%
	EFX	F	0.01%	0.4%	0.01%
	EG	C	0.18%	0.19%	0.18%
	EIX	B	0.04%	0.38%	0.04%
	EL	F	0.01%	0.09%	0.01%
	ENPH	F	0.02%	0.13%	0.02%
	EQR	B	0.02%	0.31%	0.02%
	EQT	B	0.03%	0.13%	0.03%
	ES	D	0.03%	0.29%	0.03%
	ESS	B	0.01%	0.22%	0.01%
	ETR	B	0.05%	0.4%	0.05%
	EVRG	A	0.02%	0.08%	0.02%
	EW	C	0.12%	0.24%	0.12%
	EXC	C	0.06%	0.48%	0.06%
	EXPD	D	0.06%	0.2%	0.06%
	EXPE	B	0.02%	0.24%	0.02%
	EXR	D	0.02%	0.42%	0.02%
	FANG	D	0.22%	0.41%	0.22%
	FAST	B	0.15%	0.54%	0.15%
	FDS	B	0.05%	0.21%	0.05%
	FE	C	0.02%	0.28%	0.02%
	FICO	B	0.2%	0.56%	0.2%
	FIS	C	0.03%	0.59%	0.03%
	FITB	A	0.06%	0.36%	0.06%
	FNF	B	0.02%	0.19%	0.02%
	FOX	A	0.01%	0.05%	0.01%
	FOXA	B	0.02%	0.12%	0.02%
	FSLR	F	0.03%	0.24%	0.03%
	FTNT	C	0.01%	0.29%	0.01%
	FTV	C	0.02%	0.3%	0.02%
	GDDY	A	0.34%	0.29%	0.29%
	GEHC	F	0.03%	0.46%	0.03%
	GEN	B	0.13%	0.18%	0.13%
	GEV	B	0.05%	0.5%	0.05%
	GIS	D	0.25%	0.46%	0.25%
	GLW	B	0.14%	0.44%	0.14%
	GPC	D	0.02%	0.19%	0.02%
	GPN	B	0.04%	0.26%	0.04%
	GRMN	B	0.2%	0.37%	0.2%
	GWW	B	0.2%	0.59%	0.2%
	HAL	C	0.03%	0.27%	0.03%
	HBAN	A	0.06%	0.27%	0.06%
	HEI	B	0.0%	0.18%	0.0%
	HEI	B	0.0%	0.12%	0.0%
	HEI	B	0.0%	0.18%	0.0%
	HEI	B	0.0%	0.12%	0.0%
	HES	B	0.02%	0.45%	0.02%
	HIG	B	0.09%	0.39%	0.09%
	HLT	A	0.01%	0.35%	0.01%
	HOLX	D	0.07%	0.23%	0.07%
	HPE	B	0.06%	0.31%	0.06%
	HPQ	B	0.07%	0.42%	0.07%
	HRL	D	0.08%	0.11%	0.08%
	HSY	F	0.18%	0.32%	0.18%
	HUBB	B	0.07%	0.14%	0.07%
	HUBS	A	0.08%	0.33%	0.08%
	HWM	A	0.01%	0.49%	0.01%
	IDXX	F	0.12%	0.41%	0.12%
	IFF	D	0.02%	0.31%	0.02%
	ILMN	D	0.01%	0.28%	0.01%
	INCY	C	0.2%	0.07%	0.07%
	INVH	D	0.01%	0.22%	0.01%
	IP	B	0.04%	0.23%	0.04%
	IQV	D	0.02%	0.43%	0.02%
	IR	B	0.02%	0.47%	0.02%
	IRM	D	0.01%	0.44%	0.01%
	IT	C	0.13%	0.45%	0.13%
	J	F	0.02%	0.21%	0.02%
	JBHT	C	0.05%	0.18%	0.05%
	JCI	C	0.05%	0.31%	0.05%
	K	A	0.29%	0.27%	0.27%
	KEY	B	0.04%	0.19%	0.04%
	KEYS	A	0.26%	0.32%	0.26%
	KMI	A	0.07%	0.28%	0.07%
	KR	B	0.31%	0.44%	0.31%
	KVUE	A	0.04%	0.53%	0.04%
	L	A	0.12%	0.18%	0.12%
	LDOS	C	0.02%	0.15%	0.02%
	LEN	D	0.06%	0.02%	0.02%
	LEN	D	0.06%	0.5%	0.06%
	LH	C	0.03%	0.23%	0.03%
	LHX	C	0.04%	0.57%	0.04%
	LNG	B	0.05%	0.5%	0.05%
	LNT	A	0.05%	0.19%	0.05%
	LPLA	A	0.07%	0.26%	0.07%
	LULU	C	0.12%	0.41%	0.12%
	LUV	C	0.01%	0.22%	0.01%
	LVS	C	0.01%	0.23%	0.01%
	LYB	F	0.04%	0.27%	0.04%
	LYV	A	0.01%	0.23%	0.01%
	MAA	B	0.01%	0.21%	0.01%
	MAS	D	0.01%	0.21%	0.01%
	MCHP	D	0.1%	0.48%	0.1%
	MDB	C	0.0%	0.23%	0.0%
	MGM	D	0.01%	0.05%	0.01%
	MKC	D	0.01%	0.24%	0.01%
	MKL	A	0.15%	0.23%	0.15%
	MLM	B	0.02%	0.44%	0.02%
	MOH	F	0.13%	0.22%	0.13%
	MPWR	F	0.07%	0.43%	0.07%
	MRNA	F	0.01%	0.23%	0.01%
	MRO	B	0.04%	0.19%	0.04%
	MRVL	B	0.02%	0.42%	0.02%
	MSCI	C	0.01%	0.52%	0.01%
	MSI	B	0.63%	0.91%	0.63%
	MSTR	C	0.0%	0.26%	0.0%
	MTB	A	0.08%	0.39%	0.08%
	MTD	D	0.01%	0.33%	0.01%
	NDAQ	A	0.02%	0.41%	0.02%
	NEM	D	0.18%	0.64%	0.18%
	NET	B	0.0%	0.31%	0.0%
	NI	A	0.02%	0.1%	0.02%
	NTAP	C	0.16%	0.29%	0.16%
	NTRS	A	0.03%	0.23%	0.03%
	NUE	C	0.07%	0.41%	0.07%
	NVR	D	0.11%	0.32%	0.11%
	NWSA	B	0.01%	0.16%	0.01%
	O	D	0.04%	0.63%	0.04%
	ODFL	B	0.13%	0.47%	0.13%
	OKE	A	0.05%	0.69%	0.05%
	OKTA	C	0.0%	0.14%	0.0%
	OMC	C	0.07%	0.24%	0.07%
	ON	D	0.02%	0.37%	0.02%
	OTIS	C	0.04%	0.48%	0.04%
	PCAR	B	0.06%	0.66%	0.06%
	PCG	A	0.06%	0.51%	0.06%
	PEG	A	0.04%	0.54%	0.04%
	PFG	D	0.03%	0.23%	0.03%
	PHM	D	0.11%	0.33%	0.11%
	PINS	D	0.0%	0.23%	0.0%
	PKG	A	0.09%	0.25%	0.09%
	PLTR	B	0.01%	1.02%	0.01%
	PODD	C	0.0%	0.1%	0.0%
	POOL	C	0.04%	0.08%	0.04%
	PPG	F	0.02%	0.35%	0.02%
	PPL	B	0.03%	0.28%	0.03%
	PRU	A	0.08%	0.53%	0.08%
	PWR	A	0.02%	0.54%	0.02%
	RBLX	C	0.0%	0.34%	0.0%
	RCL	A	0.01%	0.55%	0.01%
	RF	A	0.06%	0.26%	0.06%
	RJF	A	0.03%	0.33%	0.03%
	RMD	C	0.09%	0.43%	0.09%
	ROK	B	0.1%	0.37%	0.1%
	ROL	B	0.17%	0.17%	0.17%
	RPRX	D	0.01%	0.12%	0.01%
	RVTY	F	0.01%	0.18%	0.01%
	SBAC	D	0.01%	0.3%	0.01%
	SMCI	F	0.03%	0.18%	0.03%
	SNA	A	0.06%	0.21%	0.06%
	SNAP	C	0.0%	0.16%	0.0%
	SNOW	C	0.0%	0.21%	0.0%
	SPG	B	0.03%	0.32%	0.03%
	SQ	B	0.03%	0.49%	0.03%
	SSNC	B	0.02%	0.18%	0.02%
	STE	F	0.01%	0.27%	0.01%
	STLD	B	0.04%	0.12%	0.04%
	STT	A	0.06%	0.32%	0.06%
	STX	D	0.07%	0.26%	0.07%
	SUI	D	0.01%	0.2%	0.01%
	SWK	D	0.02%	0.17%	0.02%
	SWKS	F	0.05%	0.17%	0.05%
	SYF	B	0.06%	0.26%	0.06%
	SYY	B	0.05%	0.45%	0.05%
	TDG	D	0.01%	0.84%	0.01%
	TDY	B	0.21%	0.26%	0.21%
	TEAM	A	0.0%	0.37%	0.0%
	TER	D	0.04%	0.21%	0.04%
	TPL	A	0.09%	0.14%	0.09%
	TRGP	B	0.03%	0.22%	0.03%
	TRMB	B	0.01%	0.18%	0.01%
	TROW	B	0.09%	0.3%	0.09%
	TRU	D	0.01%	0.24%	0.01%
	TSCO	D	0.09%	0.35%	0.09%
	TSN	B	0.3%	0.2%	0.2%
	TTD	B	0.01%	0.63%	0.01%
	TTWO	A	0.01%	0.33%	0.01%
	TW	A	0.07%	0.18%	0.07%
	TXT	D	0.02%	0.18%	0.02%
	TYL	B	0.01%	0.31%	0.01%
	UDR	B	0.01%	0.08%	0.01%
	ULTA	F	0.08%	0.21%	0.08%
	URI	B	0.04%	0.65%	0.04%
	VEEV	C	0.08%	0.37%	0.08%
	VICI	C	0.04%	0.36%	0.04%
	VLTO	D	0.08%	0.29%	0.08%
	VMC	B	0.02%	0.44%	0.02%
	VRSK	A	0.15%	0.47%	0.15%
	VRSN	F	0.22%	0.18%	0.18%
	VRT	B	0.01%	0.47%	0.01%
	VST	B	0.02%	0.52%	0.02%
	VTR	C	0.02%	0.33%	0.02%
	VTRS	A	0.05%	0.17%	0.05%
	WAB	B	0.02%	0.4%	0.02%
	WAT	B	0.07%	0.23%	0.07%
	WBA	F	0.06%	0.04%	0.04%
	WBD	C	0.11%	0.22%	0.11%
	WCN	A	0.53%	0.55%	0.53%
	WDC	D	0.02%	0.27%	0.02%
	WEC	A	0.29%	0.37%	0.29%
	WELL	A	0.04%	1.0%	0.04%
	WLK	D	0.01%	0.03%	0.01%
	WMB	A	0.15%	0.39%	0.15%
	WPC	D	0.01%	0.15%	0.01%
	WRB	A	0.12%	0.2%	0.12%
	WST	C	0.06%	0.27%	0.06%
	WTW	B	0.16%	0.37%	0.16%
	WY	D	0.03%	0.27%	0.03%
	XEL	A	0.2%	0.45%	0.2%
	XYL	D	0.01%	0.36%	0.01%
	YUM	B	0.19%	0.45%	0.19%
	ZBH	C	0.02%	0.26%	0.02%
	ZBRA	B	0.01%	0.24%	0.01%
	ZM	B	0.01%	0.21%	0.01%
	ZS	C	0.0%	0.2%	0.0%

QUS Overweight 285 Positions Relative to VO

	Symbol	Grade	Weight
	AAPL	C	3.24%
	NVDA	C	2.76%
	MSFT	F	2.7%
	META	D	2.32%
	UNH	C	2.21%
	LLY	F	1.92%
	V	A	1.91%
	MA	C	1.69%
	JNJ	D	1.64%
	CSCO	B	1.34%
	COST	B	1.31%
	GOOGL	C	1.2%
	ACN	C	1.18%
	GOOG	C	1.12%
	BRK.A	B	1.1%
	TXN	C	1.06%
	JPM	A	1.06%
	PEP	F	1.01%
	WMT	A	0.94%
	VZ	C	0.81%
	KO	D	0.81%
	XOM	B	0.81%
	TMUS	B	0.78%
	LMT	D	0.72%
	ADBE	C	0.71%
	MMC	B	0.69%
	AMZN	C	0.69%
	T	A	0.69%
	BAC	A	0.69%
	IBM	C	0.67%
	PGR	A	0.65%
	CB	C	0.65%
	CAT	B	0.63%
	MCK	B	0.61%
	DUK	C	0.6%
	PG	A	0.59%
	AVGO	D	0.58%
	VRTX	F	0.57%
	TJX	A	0.56%
	QCOM	F	0.55%
	CVX	A	0.55%
	NOC	D	0.55%
	ADP	B	0.54%
	RSG	A	0.54%
	SO	D	0.54%
	HON	B	0.53%
	ORCL	B	0.53%
	WM	A	0.52%
	WFC	A	0.5%
	MCD	D	0.5%
	ABBV	D	0.49%
	AMAT	F	0.48%
	TRV	B	0.47%
	MRK	F	0.46%
	ROP	B	0.46%
	BLK	C	0.46%
	C	A	0.45%
	GILD	C	0.43%
	CMCSA	B	0.42%
	ANET	C	0.39%
	HD	A	0.35%
	FCNCA	A	0.34%
	BMY	B	0.34%
	PFE	D	0.33%
	PANW	C	0.32%
	GM	B	0.32%
	MPC	D	0.32%
	FI	A	0.31%
	GS	A	0.3%
	LRCX	F	0.3%
	CDNS	B	0.29%
	ELV	F	0.29%
	CVS	D	0.29%
	KLAC	D	0.29%
	SNPS	B	0.28%
	TSLA	B	0.28%
	MMM	D	0.28%
	NKE	D	0.28%
	NOW	A	0.27%
	AMGN	D	0.27%
	ITW	B	0.27%
	SHW	A	0.26%
	ORLY	B	0.26%
	TT	A	0.26%
	ZTS	D	0.25%
	REGN	F	0.25%
	CI	F	0.24%
	BDX	F	0.24%
	CME	A	0.23%
	FFIV	B	0.23%
	KDP	D	0.23%
	AFL	B	0.22%
	MDLZ	F	0.22%
	CMG	B	0.22%
	MS	A	0.21%
	MCO	B	0.21%
	AON	A	0.21%
	HUM	C	0.2%
	BAH	F	0.2%
	AEP	D	0.19%
	INTC	D	0.18%
	KHC	F	0.18%
	PTC	A	0.18%
	UBER	D	0.18%
	RTX	C	0.18%
	CL	D	0.17%
	JNPR	F	0.17%
	PNC	B	0.17%
	ERIE	D	0.17%
	COF	B	0.17%
	COP	C	0.17%
	DIS	B	0.17%
	ABT	B	0.16%
	TFC	A	0.16%
	ADSK	A	0.16%
	USB	A	0.16%
	F	C	0.16%
	PAYX	C	0.16%
	VLO	C	0.15%
	MDT	D	0.15%
	AFG	A	0.15%
	WDAY	B	0.15%
	EOG	A	0.15%
	LIN	D	0.15%
	NFLX	A	0.14%
	ADI	D	0.14%
	ICE	C	0.14%
	PSA	D	0.14%
	PSX	C	0.14%
	LOW	D	0.13%
	MNST	C	0.12%
	CRM	B	0.12%
	FDX	B	0.12%
	AIZ	A	0.12%
	AXP	A	0.11%
	GE	D	0.11%
	NBIX	C	0.11%
	PM	B	0.11%
	UPS	C	0.11%
	NEE	D	0.1%
	KMB	D	0.1%
	OXY	D	0.1%
	UTHR	C	0.1%
	TGT	F	0.1%
	TMO	F	0.1%
	DE	A	0.1%
	DHR	F	0.09%
	DECK	A	0.09%
	MET	A	0.09%
	CHTR	C	0.09%
	BK	A	0.09%
	EME	C	0.08%
	PYPL	B	0.08%
	PLD	D	0.08%
	BLDR	D	0.08%
	UNP	C	0.08%
	MO	A	0.07%
	MANH	D	0.07%
	SPGI	C	0.07%
	MU	D	0.07%
	GD	F	0.07%
	SCHW	B	0.07%
	MELI	D	0.07%
	SOLV	C	0.06%
	WSO	A	0.06%
	WSM	B	0.06%
	DELL	C	0.06%
	HCA	F	0.06%
	SBUX	A	0.06%
	AMD	F	0.06%
	SRE	A	0.06%
	CRWD	B	0.06%
	APD	A	0.05%
	APA	D	0.05%
	BG	F	0.05%
	BX	A	0.05%
	GGG	B	0.05%
	IEX	B	0.05%
	ETN	A	0.05%
	NSC	B	0.05%
	EMR	A	0.05%
	SLB	C	0.05%
	CSX	B	0.05%
	SYK	C	0.05%
	ISRG	A	0.04%
	AMT	D	0.04%
	JKHY	D	0.04%
	INTU	C	0.04%
	ALLE	D	0.04%
	KNX	B	0.04%
	BKNG	A	0.04%
	PH	A	0.04%
	ATO	A	0.04%
	BSX	B	0.04%
	FCX	D	0.04%
	EPAM	C	0.04%
	KKR	A	0.04%
	CCI	D	0.03%
	CNH	C	0.03%
	ALLY	C	0.03%
	RS	B	0.03%
	TTC	D	0.03%
	SW	A	0.03%
	NXPI	D	0.03%
	NRG	B	0.03%
	AOS	F	0.03%
	PARA	C	0.03%
	ACI	C	0.03%
	KMX	B	0.03%
	ROST	C	0.03%
	JBL	B	0.03%
	MKTX	D	0.03%
	SEIC	B	0.03%
	OVV	B	0.03%
	LW	C	0.03%
	MOS	F	0.03%
	PAYC	B	0.03%
	CCK	C	0.02%
	SJM	D	0.02%
	ABNB	C	0.02%
	STZ	D	0.02%
	LKQ	D	0.02%
	AMCR	D	0.02%
	EMN	D	0.02%
	UHS	D	0.02%
	EQH	B	0.02%
	KIM	A	0.02%
	MAR	B	0.02%
	OC	A	0.02%
	CHRW	C	0.02%
	BA	F	0.02%
	EQIX	A	0.02%
	DINO	D	0.02%
	TAP	C	0.02%
	ECL	D	0.02%
	HOOD	B	0.01%
	ENTG	D	0.01%
	RIVN	F	0.01%
	MTCH	D	0.01%
	BIO	D	0.01%
	BBWI	D	0.01%
	NDSN	B	0.01%
	Z	A	0.01%
	LII	A	0.01%
	QRVO	F	0.01%
	TFX	F	0.01%
	UHAL	D	0.01%
	AMH	D	0.01%
	CRL	C	0.01%
	CTLT	B	0.01%
	CPT	B	0.01%
	DVA	B	0.01%
	GLPI	C	0.01%
	HII	D	0.01%
	WTRG	B	0.01%
	FBIN	D	0.01%
	HST	C	0.01%
	CSL	C	0.01%
	PNR	A	0.01%
	REG	B	0.01%
	RPM	A	0.01%
	TWLO	A	0.01%
	AES	F	0.01%
	HSIC	B	0.01%
	ACM	A	0.01%
	CHRD	D	0.01%
	DKS	C	0.01%
	IPG	D	0.01%
	CG	A	0.01%
	BXP	D	0.01%
	CELH	F	0.0%
	IOT	A	0.0%
	TOST	B	0.0%
	DKNG	B	0.0%
	PSTG	D	0.0%
	H	B	0.0%
	DT	C	0.0%
	WYNN	D	0.0%
	DOCU	A	0.0%
	EXAS	D	0.0%
	DAY	B	0.0%
	ROKU	D	0.0%
	ELS	C	0.0%
	TECH	D	0.0%
	AXON	A	0.0%

QUS Underweight 7 Positions Relative to VO

	Symbol	Grade	Weight
	UAL	A	-0.31%
	IBKR	A	-0.19%
	CVNA	B	-0.18%
	WMG	C	-0.05%
	RKT	F	-0.03%
	AGR	B	-0.03%
	NWS	B	-0.01%

QUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Semiconductors 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

VO: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Diversified Industrials REIT - Residential Specialty Retail Banks - Regional - US Capital Markets Oil & Gas E&P Packaged Foods Specialty Chemicals Biotechnology Insurance - Property & Casualty Medical Instruments & Supplies Oil & Gas Midstream Scientific & Technical Instruments Semiconductors Software - Infrastructure

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Real Estate Investment Trust Aerospace Electronics Insurance Products Chemical Medicine Bank Banking Cloud Computing Disability Oil And Gas Telecommunications Acid Laser