QUS vs. VONG ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to Vanguard Russell 1000 Growth ETF (VONG)

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

$151.02

Average Daily Volume

25,075

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

VONG

Vanguard Russell 1000 Growth ETF

VONG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization growth stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000® Growth Index. The index is designed to measure the performance of large-capitalization growth stocks in the United States. 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

$89.12

Average Daily Volume

765,514

Number of Holdings ^*

385

* may have additional holdings in another (foreign) market

Performance

Period	QUS	VONG
30 Days	4.27%	4.11%
60 Days	1.48%	-8.46%
90 Days	3.91%	-1.25%
12 Months	23.73%	25.48%

242 Overlapping Holdings

	Symbol	Grade	Weight in QUS	Weight in VONG	Overlap
	AAPL	C	3.27%	12.21%	3.27%
	ABBV	B	0.61%	0.54%	0.54%
	ABNB	F	0.01%	0.23%	0.01%
	ADBE	B	0.84%	0.93%	0.84%
	ADP	B	0.51%	0.38%	0.38%
	ADSK	B	0.14%	0.2%	0.14%
	AJG	A	0.47%	0.02%	0.02%
	ALGN	F	0.01%	0.04%	0.01%
	ALL	B	0.06%	0.03%	0.03%
	ALLY	C	0.03%	0.01%	0.01%
	ALNY	C	0.08%	0.1%	0.08%
	AMAT	F	0.53%	0.61%	0.53%
	AMD	F	0.07%	0.58%	0.07%
	AMGN	C	0.33%	0.53%	0.33%
	AMP	B	0.03%	0.15%	0.03%
	AMT	A	0.04%	0.39%	0.04%
	AMZN	D	0.6%	6.57%	0.6%
	ANET	D	0.35%	0.34%	0.34%
	APH	D	0.64%	0.17%	0.17%
	APO	D	0.02%	0.18%	0.02%
	APP	B	0.0%	0.08%	0.0%
	ARES	C	0.01%	0.1%	0.01%
	AVGO	D	0.56%	2.76%	0.56%
	AVY	B	0.01%	0.02%	0.01%
	AXON	B	0.0%	0.08%	0.0%
	AXP	B	0.1%	0.2%	0.1%
	AZO	B	0.38%	0.19%	0.19%
	BA	F	0.03%	0.07%	0.03%
	BAH	B	0.21%	0.07%	0.07%
	BKNG	C	0.03%	0.45%	0.03%
	BLDR	C	0.08%	0.01%	0.01%
	BR	C	0.03%	0.09%	0.03%
	BRO	A	0.01%	0.04%	0.01%
	BSY	D	0.0%	0.03%	0.0%
	BURL	B	0.01%	0.06%	0.01%
	BX	B	0.04%	0.38%	0.04%
	CAH	A	0.12%	0.06%	0.06%
	CAT	C	0.57%	0.09%	0.09%
	CDNS	D	0.26%	0.28%	0.26%
	CDW	D	0.24%	0.06%	0.06%
	CE	F	0.02%	0.02%	0.02%
	CEG	D	0.02%	0.04%	0.02%
	CELH	F	0.0%	0.03%	0.0%
	CI	B	0.28%	0.03%	0.03%
	CL	A	0.2%	0.17%	0.17%
	CLX	A	0.01%	0.06%	0.01%
	CMG	D	0.21%	0.28%	0.21%
	COIN	F	0.01%	0.14%	0.01%
	COST	B	1.32%	1.38%	1.32%
	CPAY	B	0.01%	0.08%	0.01%
	CPRT	D	0.14%	0.16%	0.14%
	CRM	D	0.09%	0.78%	0.09%
	CRWD	F	0.05%	0.19%	0.05%
	CSL	C	0.01%	0.01%	0.01%
	CTAS	B	0.23%	0.24%	0.23%
	DASH	B	0.01%	0.13%	0.01%
	DAY	C	0.0%	0.0%	0.0%
	DDOG	D	0.0%	0.13%	0.0%
	DECK	C	0.08%	0.09%	0.08%
	DELL	F	0.05%	0.02%	0.02%
	DKNG	D	0.0%	0.06%	0.0%
	DKS	C	0.02%	0.0%	0.0%
	DOCU	A	0.0%	0.04%	0.0%
	DPZ	D	0.06%	0.02%	0.02%
	DRI	A	0.01%	0.03%	0.01%
	DT	A	0.0%	0.04%	0.0%
	DVA	B	0.01%	0.03%	0.01%
	DXCM	F	0.0%	0.1%	0.0%
	ECL	B	0.02%	0.19%	0.02%
	EFX	B	0.02%	0.03%	0.02%
	EG	B	0.19%	0.01%	0.01%
	EL	F	0.02%	0.03%	0.02%
	ELV	B	0.41%	0.07%	0.07%
	EME	C	0.06%	0.03%	0.03%
	ENPH	D	0.05%	0.06%	0.05%
	ENTG	D	0.01%	0.07%	0.01%
	EPAM	C	0.04%	0.0%	0.0%
	EQH	C	0.02%	0.05%	0.02%
	EQIX	B	0.02%	0.02%	0.02%
	EQT	D	0.02%	0.0%	0.0%
	EW	F	0.13%	0.03%	0.03%
	EXAS	B	0.0%	0.01%	0.0%
	EXPD	D	0.07%	0.01%	0.01%
	EXPE	C	0.01%	0.06%	0.01%
	FAST	D	0.13%	0.13%	0.13%
	FDS	C	0.05%	0.02%	0.02%
	FICO	A	0.16%	0.12%	0.12%
	FTNT	B	0.01%	0.11%	0.01%
	GDDY	C	0.3%	0.08%	0.08%
	GE	C	0.11%	0.15%	0.11%
	GEHC	B	0.03%	0.01%	0.01%
	GOOG	D	1.04%	3.22%	1.04%
	GOOGL	D	1.12%	3.81%	1.12%
	GS	C	0.26%	0.16%	0.16%
	GWW	C	0.16%	0.14%	0.14%
	H	C	0.0%	0.0%	0.0%
	HCA	B	0.07%	0.06%	0.06%
	HD	B	0.32%	1.1%	0.32%
	HEI	B	0.0%	0.04%	0.0%
	HEI	B	0.0%	0.06%	0.0%
	HEI	B	0.0%	0.06%	0.0%
	HEI	B	0.0%	0.04%	0.0%
	HES	F	0.02%	0.1%	0.02%
	HLT	C	0.01%	0.1%	0.01%
	HON	D	0.49%	0.08%	0.08%
	HPQ	D	0.07%	0.03%	0.03%
	HSY	A	0.22%	0.02%	0.02%
	HUBS	F	0.06%	0.09%	0.06%
	HWM	B	0.01%	0.01%	0.01%
	IDXX	D	0.14%	0.15%	0.14%
	INCY	C	0.18%	0.0%	0.0%
	INTU	D	0.04%	0.67%	0.04%
	IQV	B	0.03%	0.02%	0.02%
	IRM	B	0.01%	0.06%	0.01%
	ISRG	B	0.03%	0.59%	0.03%
	IT	B	0.12%	0.14%	0.12%
	ITW	C	0.25%	0.1%	0.1%
	JBL	F	0.02%	0.0%	0.0%
	KKR	B	0.03%	0.09%	0.03%
	KLAC	D	0.36%	0.42%	0.36%
	KMB	A	0.11%	0.07%	0.07%
	KMX	C	0.03%	0.0%	0.0%
	KO	B	0.98%	0.56%	0.56%
	LII	C	0.01%	0.07%	0.01%
	LLY	B	2.51%	2.59%	2.51%
	LMT	A	0.8%	0.14%	0.14%
	LNG	B	0.05%	0.08%	0.05%
	LPLA	D	0.05%	0.06%	0.05%
	LRCX	F	0.34%	0.45%	0.34%
	LULU	F	0.1%	0.12%	0.1%
	LVS	D	0.01%	0.05%	0.01%
	LW	D	0.03%	0.01%	0.01%
	LYV	D	0.01%	0.06%	0.01%
	MA	B	1.61%	1.45%	1.45%
	MANH	B	0.06%	0.06%	0.06%
	MCD	A	0.51%	0.05%	0.05%
	MCK	D	0.59%	0.13%	0.13%
	MCO	B	0.22%	0.27%	0.22%
	MDB	C	0.0%	0.06%	0.0%
	META	C	2.2%	3.93%	2.2%
	MKL	C	0.14%	0.02%	0.02%
	MLM	D	0.02%	0.01%	0.01%
	MMC	A	0.74%	0.06%	0.06%
	MMM	B	0.29%	0.05%	0.05%
	MNST	D	0.11%	0.12%	0.11%
	MOH	C	0.15%	0.05%	0.05%
	MPWR	C	0.11%	0.15%	0.11%
	MRK	D	0.57%	1.08%	0.57%
	MRVL	D	0.02%	0.02%	0.02%
	MS	C	0.16%	0.03%	0.03%
	MSCI	B	0.01%	0.09%	0.01%
	MSFT	D	2.73%	11.77%	2.73%
	MSI	B	0.58%	0.12%	0.12%
	MSTR	F	0.0%	0.01%	0.0%
	NBIX	D	0.12%	0.05%	0.05%
	NET	F	0.0%	0.09%	0.0%
	NFLX	B	0.12%	1.02%	0.12%
	NKE	C	0.31%	0.21%	0.21%
	NOW	B	0.23%	0.63%	0.23%
	NRG	C	0.02%	0.02%	0.02%
	NTAP	D	0.16%	0.04%	0.04%
	NVDA	D	2.12%	10.53%	2.12%
	ODFL	D	0.13%	0.16%	0.13%
	OKTA	F	0.0%	0.02%	0.0%
	ORCL	A	0.42%	0.83%	0.42%
	ORLY	B	0.25%	0.23%	0.23%
	PANW	B	0.29%	0.38%	0.29%
	PAYC	D	0.03%	0.02%	0.02%
	PAYX	B	0.16%	0.06%	0.06%
	PEP	A	1.17%	0.71%	0.71%
	PG	A	0.64%	0.32%	0.32%
	PGR	A	0.66%	0.4%	0.4%
	PINS	F	0.0%	0.07%	0.0%
	PLTR	B	0.0%	0.2%	0.0%
	PODD	A	0.0%	0.05%	0.0%
	POOL	C	0.04%	0.05%	0.04%
	PSA	A	0.15%	0.03%	0.03%
	PSTG	F	0.0%	0.06%	0.0%
	PTC	D	0.17%	0.05%	0.05%
	PWR	C	0.02%	0.04%	0.02%
	QCOM	F	0.58%	0.72%	0.58%
	RBLX	B	0.0%	0.08%	0.0%
	RCL	C	0.01%	0.05%	0.01%
	REGN	B	0.41%	0.04%	0.04%
	RMD	A	0.1%	0.03%	0.03%
	ROK	D	0.09%	0.01%	0.01%
	ROKU	C	0.0%	0.0%	0.0%
	ROL	B	0.18%	0.05%	0.05%
	ROST	B	0.03%	0.04%	0.03%
	RPM	A	0.01%	0.01%	0.01%
	SBUX	B	0.06%	0.26%	0.06%
	SCHW	D	0.06%	0.04%	0.04%
	SHW	B	0.25%	0.28%	0.25%
	SMCI	F	0.06%	0.13%	0.06%
	SNOW	F	0.0%	0.16%	0.0%
	SNPS	D	0.26%	0.32%	0.26%
	SPG	B	0.03%	0.05%	0.03%
	SQ	D	0.02%	0.05%	0.02%
	SYK	A	0.05%	0.13%	0.05%
	SYY	A	0.05%	0.09%	0.05%
	TDG	B	0.01%	0.05%	0.01%
	TEAM	F	0.0%	0.1%	0.0%
	TER	D	0.06%	0.07%	0.06%
	TJX	B	0.56%	0.29%	0.29%
	TOST	D	0.0%	0.04%	0.0%
	TPL	C	0.05%	0.06%	0.05%
	TRGP	A	0.02%	0.11%	0.02%
	TRU	B	0.01%	0.0%	0.0%
	TSCO	B	0.09%	0.11%	0.09%
	TSLA	D	0.19%	2.44%	0.19%
	TT	B	0.23%	0.1%	0.1%
	TTD	B	0.0%	0.15%	0.0%
	TW	B	0.06%	0.02%	0.02%
	TWLO	D	0.01%	0.01%	0.01%
	TXN	C	1.1%	0.08%	0.08%
	TYL	A	0.01%	0.08%	0.01%
	UBER	B	0.18%	0.49%	0.18%
	UHAL	B	0.01%	0.0%	0.0%
	UHAL	B	0.01%	0.01%	0.01%
	ULTA	D	0.08%	0.06%	0.06%
	UNH	A	2.32%	0.14%	0.14%
	UNP	B	0.09%	0.27%	0.09%
	URI	C	0.03%	0.05%	0.03%
	V	A	1.78%	1.58%	1.58%
	VEEV	A	0.09%	0.11%	0.09%
	VLTO	B	0.09%	0.04%	0.04%
	VMC	D	0.01%	0.04%	0.01%
	VRSK	C	0.15%	0.14%	0.14%
	VRSN	C	0.23%	0.0%	0.0%
	VRT	F	0.01%	0.11%	0.01%
	VRTX	D	0.61%	0.24%	0.24%
	VST	C	0.01%	0.1%	0.01%
	WAT	B	0.06%	0.05%	0.05%
	WDAY	C	0.16%	0.18%	0.16%
	WM	D	0.51%	0.31%	0.31%
	WSM	D	0.06%	0.04%	0.04%
	WST	D	0.06%	0.05%	0.05%
	WYNN	D	0.0%	0.0%	0.0%
	YUM	B	0.19%	0.05%	0.05%
	ZBRA	C	0.01%	0.01%	0.01%
	ZS	F	0.0%	0.06%	0.0%
	ZTS	A	0.27%	0.26%	0.26%

QUS Overweight 340 Positions Relative to VONG

	Symbol	Grade	Weight
	JNJ	B	1.84%
	CSCO	B	1.19%
	ACN	A	1.18%
	BRK.A	B	1.15%
	JPM	B	0.98%
	WMT	A	0.89%
	VZ	B	0.83%
	XOM	C	0.8%
	IBM	A	0.69%
	TMUS	B	0.68%
	CB	A	0.67%
	T	A	0.64%
	DUK	A	0.64%
	BAC	D	0.62%
	NOC	B	0.6%
	SO	A	0.56%
	WCN	B	0.55%
	RSG	B	0.55%
	CVX	F	0.5%
	ROP	C	0.49%
	ED	A	0.47%
	TRV	A	0.43%
	ACGL	B	0.43%
	C	D	0.41%
	GILD	A	0.4%
	WFC	D	0.4%
	BLK	B	0.4%
	CTSH	B	0.4%
	CMCSA	C	0.39%
	PFE	D	0.38%
	MPC	D	0.36%
	CVS	F	0.33%
	BMY	B	0.32%
	TSN	A	0.31%
	FCNCA	C	0.31%
	CBOE	A	0.31%
	K	A	0.3%
	KR	C	0.3%
	GIS	A	0.3%
	WEC	A	0.29%
	EA	C	0.29%
	GM	B	0.28%
	KDP	A	0.28%
	KEYS	C	0.27%
	HUM	D	0.27%
	BDX	D	0.26%
	MDLZ	A	0.26%
	FANG	D	0.24%
	NEM	B	0.24%
	DHI	B	0.22%
	AFL	B	0.22%
	CME	A	0.22%
	AEP	A	0.21%
	ERIE	A	0.21%
	KHC	A	0.21%
	FFIV	B	0.2%
	AON	A	0.2%
	TDY	B	0.2%
	XEL	A	0.19%
	RTX	B	0.19%
	TEL	C	0.18%
	JNPR	A	0.18%
	GRMN	B	0.18%
	F	D	0.17%
	CTVA	B	0.17%
	LIN	B	0.17%
	COP	D	0.17%
	AKAM	D	0.17%
	ABT	A	0.16%
	MDT	A	0.16%
	EOG	D	0.15%
	CPB	A	0.15%
	TFC	B	0.15%
	VLO	D	0.15%
	AFG	A	0.15%
	PSX	D	0.15%
	ADI	C	0.15%
	PNC	B	0.15%
	WTW	A	0.15%
	ICE	A	0.15%
	USB	B	0.15%
	DIS	F	0.14%
	D	A	0.14%
	CHD	A	0.14%
	INTC	F	0.14%
	CMI	B	0.14%
	L	B	0.13%
	WRB	B	0.13%
	GLW	C	0.13%
	TMO	A	0.13%
	COF	C	0.13%
	PM	A	0.12%
	AIZ	B	0.12%
	BMRN	D	0.12%
	LOW	B	0.12%
	WMB	B	0.12%
	A	B	0.12%
	MCHP	D	0.12%
	FDX	D	0.12%
	AIG	D	0.12%
	NEE	A	0.11%
	DE	B	0.11%
	CNC	D	0.11%
	PHM	B	0.11%
	OXY	F	0.11%
	NVR	B	0.11%
	UPS	F	0.11%
	ADM	D	0.1%
	DHR	B	0.1%
	UTHR	B	0.1%
	DTE	B	0.1%
	TGT	B	0.1%
	BBY	A	0.1%
	AEE	A	0.1%
	PLD	B	0.09%
	CMS	A	0.09%
	HIG	B	0.09%
	WBD	D	0.09%
	PKG	B	0.08%
	HOLX	A	0.08%
	MELI	B	0.08%
	CHTR	C	0.08%
	BK	B	0.08%
	PRU	C	0.08%
	HRL	A	0.08%
	MET	B	0.08%
	TROW	D	0.08%
	MO	A	0.07%
	WBA	F	0.07%
	PYPL	B	0.07%
	MTB	B	0.07%
	LEN	B	0.07%
	SPGI	A	0.07%
	STX	D	0.07%
	OMC	B	0.07%
	DOW	D	0.07%
	NUE	F	0.07%
	GD	B	0.07%
	SOLV	B	0.06%
	APA	F	0.06%
	FITB	B	0.06%
	DFS	C	0.06%
	PCG	A	0.06%
	HUBB	C	0.06%
	HPE	D	0.06%
	EXC	A	0.06%
	DGX	B	0.06%
	SRE	B	0.06%
	SWKS	D	0.06%
	CFG	B	0.06%
	MU	F	0.06%
	OKE	A	0.05%
	EIX	A	0.05%
	O	A	0.05%
	HBAN	B	0.05%
	VTRS	C	0.05%
	DVN	F	0.05%
	JBHT	C	0.05%
	PCAR	D	0.05%
	LNT	A	0.05%
	SYF	C	0.05%
	WSO	D	0.05%
	SLB	F	0.05%
	SNA	D	0.05%
	NSC	B	0.05%
	RF	B	0.05%
	LYB	D	0.05%
	CSX	D	0.05%
	BG	D	0.05%
	STT	B	0.05%
	KMI	B	0.05%
	MRO	C	0.04%
	PEG	B	0.04%
	KNX	D	0.04%
	KEY	B	0.04%
	ATO	A	0.04%
	GPN	C	0.04%
	OTIS	D	0.04%
	JKHY	B	0.04%
	ALLE	B	0.04%
	ETR	A	0.04%
	VICI	A	0.04%
	BSX	A	0.04%
	KVUE	A	0.04%
	APD	B	0.04%
	ETN	D	0.04%
	EMR	D	0.04%
	DD	C	0.04%
	FCX	D	0.04%
	LHX	C	0.04%
	JCI	C	0.04%
	IEX	D	0.04%
	CBRE	B	0.04%
	GGG	D	0.04%
	ON	D	0.03%
	CAG	A	0.03%
	PPL	A	0.03%
	PPG	D	0.03%
	CHK	F	0.03%
	EXR	B	0.03%
	SEIC	D	0.03%
	MRNA	F	0.03%
	RJF	D	0.03%
	FE	A	0.03%
	SWK	B	0.03%
	APTV	D	0.03%
	HAL	F	0.03%
	DINO	F	0.03%
	BAX	A	0.03%
	PARA	F	0.03%
	MKTX	A	0.03%
	CF	B	0.03%
	GEV	A	0.03%
	CCI	A	0.03%
	NTRS	B	0.03%
	WY	C	0.03%
	ACI	D	0.03%
	ES	A	0.03%
	OVV	F	0.03%
	BIIB	D	0.03%
	TTC	D	0.03%
	NXPI	D	0.03%
	AOS	D	0.03%
	DLR	D	0.03%
	CTRA	F	0.03%
	CINF	B	0.03%
	FIS	A	0.03%
	PFG	D	0.03%
	IP	B	0.03%
	FSLR	C	0.03%
	PH	B	0.03%
	WELL	A	0.03%
	MOS	F	0.03%
	CARR	B	0.03%
	BKR	D	0.03%
	STLD	D	0.03%
	CHRD	F	0.02%
	ALB	F	0.02%
	IR	D	0.02%
	CCK	A	0.02%
	AES	D	0.02%
	SSNC	B	0.02%
	DOV	C	0.02%
	MAR	D	0.02%
	LDOS	B	0.02%
	NDAQ	A	0.02%
	IPG	B	0.02%
	OC	D	0.02%
	BALL	A	0.02%
	EMN	C	0.02%
	STZ	B	0.02%
	NI	A	0.02%
	DLTR	F	0.02%
	FTV	D	0.02%
	VTR	A	0.02%
	WDC	D	0.02%
	SJM	A	0.02%
	KIM	A	0.02%
	LKQ	D	0.02%
	WAB	B	0.02%
	AWK	A	0.02%
	EBAY	A	0.02%
	CNP	D	0.02%
	AMCR	B	0.02%
	CRBG	C	0.02%
	EQR	B	0.02%
	AVB	B	0.02%
	J	C	0.02%
	ARE	D	0.02%
	FNF	B	0.02%
	AME	D	0.02%
	EVRG	A	0.02%
	TXT	D	0.02%
	FOXA	B	0.02%
	GPC	D	0.02%
	CHRW	B	0.02%
	TAP	C	0.02%
	UHS	B	0.02%
	IFF	A	0.02%
	ZBH	D	0.02%
	RS	D	0.02%
	DG	F	0.02%
	CNH	C	0.02%
	SW	D	0.02%
	Z	B	0.01%
	LUV	A	0.01%
	BBWI	F	0.01%
	BIO	A	0.01%
	NDSN	C	0.01%
	MTCH	B	0.01%
	MTD	C	0.01%
	RIVN	F	0.01%
	ILMN	B	0.01%
	SBAC	A	0.01%
	UDR	B	0.01%
	ANSS	D	0.01%
	AMH	A	0.01%
	DAL	D	0.01%
	CCL	D	0.01%
	CRL	F	0.01%
	CSGP	C	0.01%
	MGM	F	0.01%
	PNR	B	0.01%
	WLK	D	0.01%
	CTLT	A	0.01%
	FOX	B	0.01%
	TFX	A	0.01%
	CPT	B	0.01%
	HST	D	0.01%
	RPRX	B	0.01%
	WTRG	D	0.01%
	TRMB	D	0.01%
	GLPI	A	0.01%
	NWSA	C	0.01%
	CG	D	0.01%
	ESS	B	0.01%
	REG	A	0.01%
	BEN	F	0.01%
	MAS	B	0.01%
	TTWO	B	0.01%
	ACM	B	0.01%
	ZM	B	0.01%
	QRVO	D	0.01%
	SUI	A	0.01%
	HSIC	C	0.01%
	AVTR	B	0.01%
	WPC	A	0.01%
	MKC	A	0.01%
	STE	A	0.01%
	MAA	B	0.01%
	BXP	A	0.01%
	DOC	B	0.01%
	HII	B	0.01%
	INVH	B	0.01%
	XYL	D	0.01%
	IOT	A	0.0%
	SNAP	F	0.0%
	HOOD	D	0.0%
	ELS	A	0.0%
	TECH	D	0.0%

QUS Underweight 145 Positions Relative to VONG

	Symbol	Grade	Weight
	SPOT	C	-0.19%
	NU	B	-0.15%
	CPNG	B	-0.09%
	SRPT	D	-0.05%
	XPO	D	-0.05%
	MUSA	B	-0.04%
	OWL	D	-0.04%
	LNW	B	-0.04%
	MEDP	D	-0.04%
	CHDN	D	-0.04%
	KNSL	B	-0.04%
	WING	C	-0.04%
	NTRA	B	-0.04%
	TXRH	D	-0.04%
	FIX	C	-0.04%
	IONS	D	-0.03%
	EXP	B	-0.03%
	PCOR	F	-0.03%
	HAS	B	-0.03%
	NCLH	D	-0.03%
	ITCI	C	-0.03%
	MORN	C	-0.03%
	WFRD	F	-0.03%
	TPX	D	-0.03%
	ESTC	F	-0.03%
	TREX	F	-0.03%
	ELF	F	-0.03%
	SCCO	D	-0.03%
	PATH	D	-0.02%
	FOUR	B	-0.02%
	APLS	C	-0.02%
	INSP	A	-0.02%
	LPX	B	-0.02%
	WMS	D	-0.02%
	GNRC	C	-0.02%
	AZEK	D	-0.02%
	BRKR	C	-0.02%
	APPF	D	-0.02%
	CVNA	C	-0.02%
	ETSY	F	-0.02%
	OLED	D	-0.02%
	GWRE	A	-0.02%
	EXEL	B	-0.02%
	MTN	C	-0.02%
	CNM	F	-0.02%
	VKTX	C	-0.02%
	VVV	D	-0.02%
	AAON	C	-0.02%
	CFLT	F	-0.02%
	GTLB	C	-0.02%
	SMAR	A	-0.02%
	PEN	C	-0.02%
	GLOB	C	-0.02%
	LSCC	F	-0.02%
	RYAN	B	-0.02%
	DUOL	B	-0.02%
	SAIA	D	-0.02%
	PCTY	C	-0.02%
	RGEN	C	-0.01%
	BROS	D	-0.01%
	CROX	C	-0.01%
	WEN	C	-0.01%
	TXG	D	-0.01%
	LOPE	D	-0.01%
	PFGC	B	-0.01%
	HRB	B	-0.01%
	NCNO	D	-0.01%
	DV	F	-0.01%
	FRPT	B	-0.01%
	DBX	D	-0.01%
	LBRDK	C	-0.01%
	BWXT	C	-0.01%
	AM	C	-0.01%
	CIVI	F	-0.01%
	AWI	C	-0.01%
	PR	D	-0.01%
	U	D	-0.01%
	WSC	D	-0.01%
	NXST	D	-0.01%
	CLF	F	-0.01%
	MASI	D	-0.01%
	ONTO	D	-0.01%
	SITE	C	-0.01%
	TTEK	B	-0.01%
	CASY	C	-0.01%
	HCP	B	-0.01%
	LAMR	B	-0.01%
	CACC	F	-0.01%
	RNG	D	-0.01%
	JEF	B	-0.01%
	LYFT	F	-0.01%
	CERE	A	-0.01%
	PEGA	B	-0.01%
	CHH	C	-0.01%
	FIVE	F	-0.01%
	TDC	F	-0.01%
	LECO	F	-0.01%
	FIVN	F	-0.01%
	PLNT	A	-0.01%
	NTNX	A	-0.01%
	JLL	B	-0.01%
	FND	C	-0.01%
	RARE	B	-0.01%
	PYCR	C	-0.0%
	TRIP	F	-0.0%
	PPC	B	-0.0%
	FTRE	F	-0.0%
	DOCS	B	-0.0%
	LBRDA	C	-0.0%
	CC	F	-0.0%
	MSGS	B	-0.0%
	SEE	D	-0.0%
	IRDM	D	-0.0%
	UI	B	-0.0%
	RLI	B	-0.0%
	CGNX	D	-0.0%
	MKSI	F	-0.0%
	AAL	C	-0.0%
	WH	A	-0.0%
	SAM	D	-0.0%
	SPR	D	-0.0%
	MTDR	F	-0.0%
	UWMC	B	-0.0%
	NFE	F	-0.0%
	CAR	F	-0.0%
	XP	C	-0.0%
	WU	C	-0.0%
	WEX	C	-0.0%
	HLI	B	-0.0%
	SSD	D	-0.0%
	BPOP	B	-0.0%
	SKX	B	-0.0%
	KBR	C	-0.0%
	S	D	-0.0%
	RH	F	-0.0%
	CHE	C	-0.0%
	SN	A	-0.0%
	DJT	F	-0.0%
	BFAM	B	-0.0%
	YETI	D	-0.0%
	TPG	B	-0.0%
	TKO	B	-0.0%
	BLD	D	-0.0%
	SOFI	D	-0.0%
	BILL	C	-0.0%

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

VONG: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Biotechnology Business Services Specialty Retail Capital Markets Restaurants Building Materials Asset Management Diagnostics & Research Semiconductor Equipment & Materials Semiconductors Aerospace & Defense Diversified Industrials Internet Content & Information Leisure Credit Services Household & Personal Products Medical Devices Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Computing IBD 50 Cloud Computing Dow Jones Component Medicine Software Insurance Software As A Service Work From Home Cloud Infrastructure Electronics Mobile Devices Semiconductor Natural Gas Operating System Telecommunications Integrated Circuits Retailing