QWLD vs. GDE ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE)

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$127.75

Average Daily Volume

3,758

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

GDE

WisdomTree Efficient Gold Plus Equity Strategy Fund

GDE Description

WisdomTree Efficient Gold Plus Equity Strategy Fund seeks total return by investing, either directly or through a wholly-owned subsidiary, in a portfolio comprised of U.S.-listed gold futures contracts and U.S. large-cap equity securities.

Grade (RS Rating)

Last Trade

$36.83

Average Daily Volume

21,219

Number of Holdings ^*

487

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	GDE
30 Days	-0.87%	-1.27%
60 Days	0.52%	4.92%
90 Days	2.56%	8.36%
12 Months	23.47%	57.85%

472 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in GDE	Overlap
	A	F	0.07%	0.08%	0.07%
	AAPL	C	2.5%	6.08%	2.5%
	ABBV	F	0.16%	0.62%	0.16%
	ABBV	F	0.41%	0.62%	0.41%
	ABNB	C	0.01%	0.07%	0.01%
	ABT	C	0.09%	0.37%	0.09%
	ACI	C	0.02%	0.05%	0.02%
	ADBE	C	0.42%	0.43%	0.42%
	ADI	D	0.04%	0.26%	0.04%
	ADM	F	0.05%	0.02%	0.02%
	ADP	A	0.26%	0.24%	0.24%
	ADSK	B	0.1%	0.15%	0.1%
	AEE	B	0.08%	0.04%	0.04%
	AEP	D	0.07%	0.09%	0.07%
	AFL	C	0.12%	0.09%	0.09%
	AIG	B	0.07%	0.11%	0.07%
	AJG	A	0.18%	0.11%	0.11%
	AKAM	F	0.13%	0.02%	0.02%
	ALB	C	0.01%	0.0%	0.0%
	ALGN	D	0.0%	0.01%	0.0%
	ALL	B	0.07%	0.08%	0.07%
	AMAT	F	0.32%	0.22%	0.22%
	AMD	F	0.04%	0.44%	0.04%
	AME	A	0.01%	0.09%	0.01%
	AMGN	F	0.18%	0.3%	0.18%
	AMP	A	0.09%	0.14%	0.09%
	AMT	F	0.02%	0.17%	0.02%
	AMZN	A	0.37%	3.84%	0.37%
	ANET	C	0.21%	0.23%	0.21%
	ANSS	B	0.0%	0.04%	0.0%
	APD	B	0.03%	0.1%	0.03%
	APH	B	0.43%	0.17%	0.17%
	APO	B	0.02%	0.24%	0.02%
	APP	B	0.0%	0.1%	0.0%
	ARE	F	0.01%	0.02%	0.01%
	ARES	B	0.01%	0.04%	0.01%
	ATO	B	0.01%	0.04%	0.01%
	AVB	B	0.01%	0.05%	0.01%
	AVGO	C	0.12%	1.48%	0.12%
	AVTR	F	0.01%	0.04%	0.01%
	AVY	F	0.03%	0.04%	0.03%
	AWK	D	0.01%	0.07%	0.01%
	AXON	B	0.0%	0.05%	0.0%
	AXP	B	0.06%	0.39%	0.06%
	AZO	B	0.29%	0.11%	0.11%
	BA	F	0.01%	0.12%	0.01%
	BAC	A	0.38%	0.66%	0.38%
	BAH	C	0.18%	0.03%	0.03%
	BALL	D	0.01%	0.06%	0.01%
	BAX	F	0.01%	0.01%	0.01%
	BBY	C	0.05%	0.03%	0.03%
	BDX	F	0.08%	0.08%	0.08%
	BEN	C	0.01%	0.08%	0.01%
	BIIB	F	0.01%	0.02%	0.01%
	BK	B	0.05%	0.09%	0.05%
	BKNG	A	0.03%	0.3%	0.03%
	BKR	B	0.02%	0.1%	0.02%
	BLDR	C	0.04%	0.03%	0.03%
	BMRN	F	0.07%	0.01%	0.01%
	BMY	B	0.21%	0.13%	0.13%
	BR	A	0.04%	0.04%	0.04%
	BRK.A	B	0.72%	1.8%	0.72%
	BRO	B	0.14%	0.04%	0.04%
	BSX	A	0.02%	0.21%	0.02%
	BSY	F	0.01%	0.06%	0.01%
	BX	A	0.03%	0.37%	0.03%
	C	B	0.25%	0.21%	0.21%
	CAG	F	0.04%	0.02%	0.02%
	CAH	B	0.12%	0.05%	0.05%
	CARR	C	0.02%	0.1%	0.02%
	CAT	B	0.39%	0.32%	0.32%
	CBRE	B	0.03%	0.07%	0.03%
	CCI	F	0.01%	0.08%	0.01%
	CDNS	B	0.14%	0.09%	0.09%
	CDW	F	0.08%	0.04%	0.04%
	CE	F	0.01%	0.07%	0.01%
	CEG	D	0.02%	0.13%	0.02%
	CF	B	0.12%	0.03%	0.03%
	CFG	B	0.04%	0.04%	0.04%
	CG	B	0.01%	0.06%	0.01%
	CHD	A	0.18%	0.05%	0.05%
	CHTR	B	0.06%	0.14%	0.06%
	CI	D	0.17%	0.16%	0.16%
	CINF	A	0.02%	0.04%	0.02%
	CL	F	0.19%	0.1%	0.1%
	CLX	A	0.01%	0.03%	0.01%
	CMCSA	B	0.17%	0.25%	0.17%
	CME	B	0.15%	0.13%	0.13%
	CMG	B	0.13%	0.1%	0.1%
	CMI	A	0.09%	0.09%	0.09%
	CMS	D	0.05%	0.04%	0.04%
	CNC	F	0.05%	0.05%	0.05%
	CNP	B	0.01%	0.06%	0.01%
	COF	B	0.1%	0.17%	0.1%
	COIN	B	0.01%	0.1%	0.01%
	COP	C	0.1%	0.16%	0.1%
	COR	B	0.42%	0.05%	0.05%
	COST	B	0.75%	0.69%	0.69%
	CPAY	A	0.01%	0.04%	0.01%
	CPRT	A	0.08%	0.07%	0.07%
	CRBG	C	0.01%	0.05%	0.01%
	CRM	B	0.05%	0.47%	0.05%
	CRWD	B	0.0%	0.14%	0.0%
	CSCO	A	1.02%	0.46%	0.46%
	CSGP	F	0.0%	0.03%	0.0%
	CSL	B	0.03%	0.04%	0.03%
	CSX	B	0.12%	0.21%	0.12%
	CTAS	B	0.14%	0.16%	0.14%
	CTRA	B	0.02%	0.01%	0.01%
	CTSH	A	0.21%	0.11%	0.11%
	CTVA	C	0.05%	0.09%	0.05%
	CVS	F	0.18%	0.16%	0.16%
	CVX	A	0.31%	0.34%	0.31%
	D	D	0.06%	0.1%	0.06%
	DAL	A	0.01%	0.05%	0.01%
	DASH	A	0.0%	0.12%	0.0%
	DD	D	0.02%	0.06%	0.02%
	DDOG	B	0.0%	0.06%	0.0%
	DE	D	0.06%	0.13%	0.06%
	DECK	B	0.05%	0.06%	0.05%
	DELL	C	0.01%	0.2%	0.01%
	DFS	B	0.04%	0.08%	0.04%
	DG	F	0.01%	0.01%	0.01%
	DGX	B	0.1%	0.02%	0.02%
	DHI	D	0.11%	0.1%	0.1%
	DHR	F	0.05%	0.35%	0.05%
	DIS	B	0.08%	0.2%	0.08%
	DKNG	B	0.0%	0.02%	0.0%
	DLR	C	0.02%	0.1%	0.02%
	DLTR	F	0.01%	0.01%	0.01%
	DOV	A	0.05%	0.05%	0.05%
	DOW	F	0.04%	0.03%	0.03%
	DPZ	C	0.06%	0.02%	0.02%
	DRI	B	0.03%	0.08%	0.03%
	DT	C	0.0%	0.06%	0.0%
	DTE	D	0.02%	0.04%	0.02%
	DUK	D	0.36%	0.15%	0.15%
	DVN	F	0.03%	0.01%	0.01%
	DXCM	C	0.0%	0.01%	0.0%
	EA	A	0.19%	0.09%	0.09%
	EBAY	C	0.01%	0.06%	0.01%
	ECL	C	0.01%	0.12%	0.01%
	ED	D	0.36%	0.05%	0.05%
	EFX	F	0.01%	0.06%	0.01%
	EIX	C	0.02%	0.05%	0.02%
	EL	F	0.01%	0.01%	0.01%
	ELV	F	0.22%	0.18%	0.18%
	EMR	A	0.03%	0.18%	0.03%
	ENPH	F	0.02%	0.03%	0.02%
	ENTG	F	0.0%	0.02%	0.0%
	EOG	A	0.05%	0.25%	0.05%
	EPAM	B	0.02%	0.0%	0.0%
	EQIX	B	0.01%	0.13%	0.01%
	EQR	C	0.01%	0.04%	0.01%
	EQT	B	0.01%	0.02%	0.01%
	ERIE	F	0.12%	0.02%	0.02%
	ES	D	0.01%	0.05%	0.01%
	ESS	C	0.01%	0.03%	0.01%
	ETR	B	0.03%	0.05%	0.03%
	EW	F	0.07%	0.03%	0.03%
	EXC	C	0.03%	0.09%	0.03%
	EXPD	C	0.04%	0.06%	0.04%
	EXPE	B	0.01%	0.05%	0.01%
	EXR	D	0.01%	0.05%	0.01%
	F	C	0.09%	0.03%	0.03%
	FANG	C	0.09%	0.04%	0.04%
	FAST	B	0.09%	0.09%	0.09%
	FCNCA	B	0.12%	0.04%	0.04%
	FCX	F	0.03%	0.09%	0.03%
	FDS	A	0.03%	0.05%	0.03%
	FDX	B	0.07%	0.13%	0.07%
	FE	D	0.01%	0.03%	0.01%
	FI	A	0.08%	0.21%	0.08%
	FICO	B	0.04%	0.07%	0.04%
	FIS	B	0.02%	0.09%	0.02%
	FITB	A	0.03%	0.06%	0.03%
	FNF	C	0.01%	0.03%	0.01%
	FSLR	F	0.01%	0.04%	0.01%
	FTNT	B	0.01%	0.11%	0.01%
	FTV	C	0.01%	0.07%	0.01%
	GD	C	0.19%	0.13%	0.13%
	GDDY	B	0.23%	0.03%	0.03%
	GE	D	0.31%	0.33%	0.31%
	GEHC	D	0.02%	0.04%	0.02%
	GEN	B	0.12%	0.03%	0.03%
	GEV	B	0.02%	0.14%	0.02%
	GGG	B	0.03%	0.02%	0.02%
	GILD	B	0.25%	0.2%	0.2%
	GIS	F	0.33%	0.05%	0.05%
	GLPI	D	0.01%	0.03%	0.01%
	GLW	B	0.02%	0.06%	0.02%
	GM	B	0.18%	0.14%	0.14%
	GOOGL	C	1.08%	3.99%	1.08%
	GPC	D	0.05%	0.05%	0.05%
	GPN	B	0.02%	0.03%	0.02%
	GS	B	0.17%	0.35%	0.17%
	GWW	B	0.11%	0.08%	0.08%
	H	B	0.0%	0.06%	0.0%
	HAL	C	0.02%	0.02%	0.02%
	HBAN	A	0.03%	0.04%	0.03%
	HCA	D	0.04%	0.14%	0.04%
	HD	B	0.14%	0.69%	0.14%
	HEI	A	0.0%	0.03%	0.0%
	HEI	A	0.0%	0.03%	0.0%
	HES	B	0.01%	0.03%	0.01%
	HIG	C	0.03%	0.05%	0.03%
	HLT	A	0.01%	0.12%	0.01%
	HOLX	D	0.01%	0.06%	0.01%
	HON	B	0.25%	0.28%	0.25%
	HPE	B	0.04%	0.06%	0.04%
	HPQ	B	0.04%	0.09%	0.04%
	HRL	F	0.09%	0.05%	0.05%
	HST	D	0.01%	0.05%	0.01%
	HSY	F	0.16%	0.04%	0.04%
	HUBB	C	0.04%	0.02%	0.02%
	HUM	D	0.16%	0.03%	0.03%
	HWM	B	0.01%	0.08%	0.01%
	IBM	D	0.48%	0.32%	0.32%
	ICE	C	0.03%	0.16%	0.03%
	IDXX	F	0.07%	0.04%	0.04%
	IEX	B	0.03%	0.01%	0.01%
	IFF	F	0.01%	0.04%	0.01%
	ILMN	C	0.0%	0.07%	0.0%
	INCY	B	0.16%	0.06%	0.06%
	INTC	C	0.1%	0.06%	0.06%
	INTU	A	0.25%	0.29%	0.25%
	INVH	D	0.01%	0.03%	0.01%
	IOT	B	0.0%	0.04%	0.0%
	IP	B	0.02%	0.03%	0.02%
	IPG	F	0.02%	0.04%	0.02%
	IQV	F	0.01%	0.09%	0.01%
	IR	A	0.01%	0.04%	0.01%
	IRM	D	0.01%	0.03%	0.01%
	ISRG	A	0.25%	0.34%	0.25%
	IT	B	0.04%	0.07%	0.04%
	ITW	B	0.14%	0.16%	0.14%
	J	D	0.01%	0.03%	0.01%
	JBHT	C	0.03%	0.02%	0.02%
	JBL	C	0.02%	0.01%	0.01%
	JNJ	D	1.11%	0.71%	0.71%
	JPM	A	0.59%	1.25%	0.59%
	K	A	0.22%	0.04%	0.04%
	KDP	C	0.14%	0.09%	0.09%
	KEY	B	0.03%	0.03%	0.03%
	KEYS	C	0.18%	0.06%	0.06%
	KHC	F	0.21%	0.03%	0.03%
	KIM	A	0.01%	0.01%	0.01%
	KKR	B	0.02%	0.24%	0.02%
	KLAC	F	0.16%	0.15%	0.15%
	KMB	D	0.11%	0.08%	0.08%
	KMI	B	0.04%	0.11%	0.04%
	KO	F	0.57%	0.49%	0.49%
	KR	A	0.32%	0.05%	0.05%
	KVUE	A	0.08%	0.08%	0.08%
	L	A	0.17%	0.03%	0.03%
	LDOS	C	0.01%	0.03%	0.01%
	LEN	D	0.09%	0.09%	0.09%
	LH	B	0.02%	0.04%	0.02%
	LHX	B	0.03%	0.08%	0.03%
	LII	B	0.0%	0.03%	0.0%
	LKQ	C	0.01%	0.0%	0.0%
	LLY	F	1.17%	1.29%	1.17%
	LMT	D	0.43%	0.22%	0.22%
	LOW	B	0.07%	0.26%	0.07%
	LPLA	A	0.04%	0.02%	0.02%
	LRCX	F	0.2%	0.24%	0.2%
	LUV	B	0.0%	0.05%	0.0%
	LVS	C	0.0%	0.01%	0.0%
	LW	B	0.0%	0.0%	0.0%
	LYV	A	0.0%	0.07%	0.0%
	MA	B	0.7%	0.93%	0.7%
	MAA	C	0.01%	0.03%	0.01%
	MANH	C	0.04%	0.03%	0.03%
	MAR	A	0.01%	0.09%	0.01%
	MAS	D	0.01%	0.03%	0.01%
	MCD	C	0.41%	0.37%	0.37%
	MCHP	F	0.06%	0.04%	0.04%
	MCK	B	0.51%	0.14%	0.14%
	MCO	C	0.12%	0.13%	0.12%
	MDLZ	F	0.15%	0.17%	0.15%
	MET	C	0.05%	0.09%	0.05%
	META	B	2.14%	2.62%	2.14%
	MGM	D	0.01%	0.09%	0.01%
	MKC	D	0.01%	0.04%	0.01%
	MKL	A	0.12%	0.03%	0.03%
	MLM	B	0.01%	0.03%	0.01%
	MMC	D	0.51%	0.19%	0.19%
	MMM	C	0.14%	0.12%	0.12%
	MNST	B	0.07%	0.03%	0.03%
	MO	A	0.04%	0.17%	0.04%
	MOH	F	0.06%	0.04%	0.04%
	MOS	D	0.02%	0.1%	0.02%
	MPC	D	0.17%	0.07%	0.07%
	MPWR	F	0.06%	0.08%	0.06%
	MRK	F	0.44%	0.36%	0.36%
	MRNA	F	0.01%	0.01%	0.01%
	MRO	B	0.02%	0.06%	0.02%
	MRVL	B	0.01%	0.12%	0.01%
	MS	A	0.11%	0.42%	0.11%
	MSCI	B	0.0%	0.1%	0.0%
	MSFT	C	2.29%	5.41%	2.29%
	MSI	B	0.61%	0.09%	0.09%
	MTB	A	0.05%	0.06%	0.05%
	MU	D	0.04%	0.16%	0.04%
	NDAQ	B	0.01%	0.05%	0.01%
	NDSN	B	0.02%	0.03%	0.02%
	NEE	D	0.05%	0.27%	0.05%
	NEM	F	0.04%	0.1%	0.04%
	NET	B	0.0%	0.04%	0.0%
	NFLX	A	0.51%	0.61%	0.51%
	NKE	F	0.16%	0.1%	0.1%
	NOC	D	0.33%	0.14%	0.14%
	NOW	A	0.01%	0.37%	0.01%
	NSC	B	0.03%	0.13%	0.03%
	NTAP	D	0.04%	0.04%	0.04%
	NTRS	A	0.02%	0.05%	0.02%
	NUE	D	0.05%	0.03%	0.03%
	NVDA	A	2.56%	6.32%	2.56%
	NVR	D	0.06%	0.03%	0.03%
	NWSA	B	0.01%	0.04%	0.01%
	O	D	0.02%	0.1%	0.02%
	OC	A	0.03%	0.02%	0.02%
	ODFL	B	0.08%	0.07%	0.07%
	OKE	A	0.03%	0.16%	0.03%
	OMC	A	0.04%	0.03%	0.03%
	ON	F	0.01%	0.04%	0.01%
	ORCL	A	0.25%	0.86%	0.25%
	ORLY	A	0.24%	0.13%	0.13%
	OTIS	D	0.01%	0.08%	0.01%
	OVV	C	0.02%	0.12%	0.02%
	OXY	F	0.03%	0.03%	0.03%
	PANW	B	0.18%	0.22%	0.18%
	PAYX	B	0.1%	0.1%	0.1%
	PCAR	B	0.11%	0.06%	0.06%
	PCG	A	0.03%	0.09%	0.03%
	PEG	C	0.02%	0.05%	0.02%
	PEP	D	0.79%	0.33%	0.33%
	PFE	F	0.19%	0.21%	0.19%
	PFG	C	0.02%	0.03%	0.02%
	PG	C	0.89%	0.72%	0.72%
	PGR	A	0.35%	0.24%	0.24%
	PH	A	0.02%	0.16%	0.02%
	PHM	D	0.06%	0.04%	0.04%
	PINS	F	0.0%	0.03%	0.0%
	PKG	B	0.04%	0.03%	0.03%
	PLD	D	0.04%	0.21%	0.04%
	PLTR	B	0.0%	0.24%	0.0%
	PM	B	0.07%	0.37%	0.07%
	PNC	B	0.09%	0.15%	0.09%
	PODD	B	0.0%	0.04%	0.0%
	POOL	D	0.03%	0.01%	0.01%
	PPG	F	0.01%	0.03%	0.01%
	PPL	A	0.01%	0.03%	0.01%
	PRU	B	0.05%	0.09%	0.05%
	PSA	D	0.08%	0.09%	0.08%
	PSX	C	0.13%	0.07%	0.07%
	PTC	B	0.08%	0.02%	0.02%
	PWR	B	0.01%	0.08%	0.01%
	PYPL	A	0.04%	0.17%	0.04%
	QCOM	F	0.34%	0.32%	0.32%
	RBLX	B	0.0%	0.07%	0.0%
	REGN	F	0.33%	0.16%	0.16%
	RF	A	0.03%	0.04%	0.03%
	RIVN	F	0.0%	0.03%	0.0%
	RJF	A	0.02%	0.07%	0.02%
	RMD	C	0.05%	0.07%	0.05%
	ROK	B	0.06%	0.11%	0.06%
	ROKU	C	0.0%	0.04%	0.0%
	ROL	C	0.08%	0.03%	0.03%
	ROP	A	0.49%	0.13%	0.13%
	ROST	D	0.02%	0.11%	0.02%
	RPM	A	0.01%	0.01%	0.01%
	RS	C	0.02%	0.02%	0.02%
	RSG	B	0.45%	0.08%	0.08%
	RTX	D	0.09%	0.31%	0.09%
	SBAC	D	0.01%	0.03%	0.01%
	SBUX	B	0.04%	0.21%	0.04%
	SCHW	B	0.04%	0.14%	0.04%
	SHW	A	0.14%	0.17%	0.14%
	SJM	F	0.07%	0.05%	0.05%
	SMCI	F	0.02%	0.0%	0.0%
	SNA	A	0.04%	0.03%	0.03%
	SNAP	C	0.0%	0.05%	0.0%
	SNOW	C	0.0%	0.03%	0.0%
	SNPS	C	0.13%	0.1%	0.1%
	SO	D	0.45%	0.17%	0.17%
	SOLV	C	0.03%	0.03%	0.03%
	SPG	A	0.02%	0.12%	0.02%
	SPGI	C	0.03%	0.28%	0.03%
	SQ	B	0.01%	0.04%	0.01%
	SRE	B	0.03%	0.12%	0.03%
	SSNC	C	0.01%	0.04%	0.01%
	STLD	C	0.03%	0.1%	0.03%
	STT	B	0.03%	0.06%	0.03%
	STZ	D	0.01%	0.05%	0.01%
	SUI	F	0.01%	0.04%	0.01%
	SWK	F	0.01%	0.04%	0.01%
	SWKS	F	0.03%	0.06%	0.03%
	SYF	B	0.04%	0.06%	0.04%
	SYK	A	0.03%	0.26%	0.03%
	SYY	D	0.03%	0.06%	0.03%
	T	A	0.38%	0.29%	0.29%
	TAP	B	0.01%	0.07%	0.01%
	TDG	D	0.01%	0.13%	0.01%
	TDY	B	0.06%	0.08%	0.06%
	TER	F	0.03%	0.06%	0.03%
	TFC	B	0.09%	0.12%	0.09%
	TGT	C	0.14%	0.07%	0.07%
	TJX	A	0.33%	0.27%	0.27%
	TMO	F	0.06%	0.43%	0.06%
	TMUS	A	0.73%	0.47%	0.47%
	TPL	B	0.05%	0.07%	0.05%
	TRGP	B	0.04%	0.09%	0.04%
	TROW	A	0.05%	0.02%	0.02%
	TRV	B	0.29%	0.1%	0.1%
	TSCO	D	0.06%	0.05%	0.05%
	TSLA	B	0.14%	1.66%	0.14%
	TSN	B	0.13%	0.05%	0.05%
	TTD	B	0.0%	0.14%	0.0%
	TTWO	A	0.01%	0.07%	0.01%
	TW	B	0.0%	0.02%	0.0%
	TWLO	B	0.01%	0.07%	0.01%
	TXN	B	0.51%	0.37%	0.37%
	TXT	D	0.01%	0.04%	0.01%
	TYL	B	0.0%	0.05%	0.0%
	UBER	F	0.01%	0.25%	0.01%
	ULTA	C	0.07%	0.01%	0.01%
	UNH	B	1.34%	0.99%	0.99%
	UNP	D	0.27%	0.3%	0.27%
	UPS	C	0.07%	0.05%	0.05%
	URI	B	0.02%	0.1%	0.02%
	USB	B	0.09%	0.14%	0.09%
	V	A	1.19%	1.16%	1.16%
	VEEV	B	0.05%	0.05%	0.05%
	VICI	D	0.02%	0.05%	0.02%
	VLO	C	0.07%	0.06%	0.06%
	VLTO	D	0.05%	0.03%	0.03%
	VMC	B	0.01%	0.04%	0.01%
	VRSK	A	0.01%	0.07%	0.01%
	VRSN	C	0.14%	0.08%	0.08%
	VRT	B	0.0%	0.05%	0.0%
	VRTX	B	0.45%	0.22%	0.22%
	VST	B	0.01%	0.06%	0.01%
	VTR	C	0.01%	0.04%	0.01%
	VZ	D	0.56%	0.31%	0.31%
	WAB	B	0.01%	0.06%	0.01%
	WAT	B	0.04%	0.06%	0.04%
	WBA	D	0.04%	0.0%	0.0%
	WBD	B	0.06%	0.02%	0.02%
	WDAY	B	0.04%	0.14%	0.04%
	WDC	D	0.01%	0.03%	0.01%
	WEC	B	0.19%	0.06%	0.06%
	WELL	B	0.02%	0.13%	0.02%
	WFC	A	0.27%	0.36%	0.27%
	WLK	F	0.0%	0.06%	0.0%
	WM	A	0.52%	0.09%	0.09%
	WMB	B	0.19%	0.12%	0.12%
	WMT	A	0.75%	1.18%	0.75%
	WPC	F	0.01%	0.04%	0.01%
	WRB	B	0.14%	0.03%	0.03%
	WSM	F	0.03%	0.03%	0.03%
	WSO	B	0.03%	0.02%	0.02%
	WST	B	0.04%	0.01%	0.01%
	WY	F	0.02%	0.03%	0.02%
	XEL	A	0.08%	0.05%	0.05%
	XOM	B	0.47%	0.94%	0.47%
	XYL	F	0.01%	0.08%	0.01%
	YUM	B	0.15%	0.08%	0.08%
	ZBH	C	0.01%	0.02%	0.01%
	ZBRA	B	0.01%	0.06%	0.01%
	ZM	B	0.01%	0.07%	0.01%
	ZTS	D	0.15%	0.17%	0.15%

QWLD Overweight 137 Positions Relative to GDE

	Symbol	Grade	Weight
	GOOG	C	0.95%
	NVS	F	0.81%
	ACN	B	0.65%
	CB	C	0.38%
	UL	D	0.27%
	WCN	A	0.26%
	HSBH	A	0.25%
	ACGL	C	0.25%
	CBOE	D	0.24%
	MFG	A	0.22%
	AON	B	0.17%
	CHKP	C	0.17%
	UTHR	B	0.16%
	FFIV	B	0.16%
	TM	F	0.14%
	TT	B	0.14%
	JNPR	D	0.13%
	MUFG	A	0.13%
	TD	D	0.12%
	E	F	0.12%
	DEO	F	0.11%
	BCS	B	0.11%
	NBIX	C	0.11%
	SMFG	A	0.1%
	CNI	F	0.1%
	LYG	D	0.09%
	CPB	F	0.09%
	AMCR	D	0.08%
	AIZ	A	0.08%
	SONY	C	0.08%
	STLA	F	0.08%
	JKHY	C	0.07%
	HMC	F	0.07%
	LULU	B	0.07%
	WTW	A	0.07%
	EG	D	0.06%
	LOGI	F	0.06%
	MDT	D	0.06%
	LIN	D	0.06%
	DINO	D	0.05%
	MT	C	0.05%
	LNG	B	0.05%
	GRMN	A	0.05%
	EME	B	0.04%
	BTI	C	0.04%
	LNT	C	0.03%
	VTRS	B	0.03%
	APA	F	0.03%
	LYB	F	0.03%
	PNR	A	0.03%
	JCI	A	0.03%
	SW	B	0.03%
	ETN	B	0.03%
	SLB	C	0.03%
	PARA	B	0.02%
	NRG	C	0.02%
	ALLY	C	0.02%
	NMR	B	0.02%
	CNH	D	0.02%
	TTC	F	0.02%
	MKTX	C	0.02%
	NXPI	F	0.02%
	SEIC	A	0.02%
	AOS	F	0.02%
	AFG	A	0.02%
	AER	B	0.02%
	PAYC	B	0.02%
	DKS	D	0.02%
	ALLE	D	0.02%
	BG	D	0.02%
	CTLT	D	0.01%
	DVA	C	0.01%
	WTRG	C	0.01%
	UHAL	D	0.01%
	RCL	A	0.01%
	FBIN	F	0.01%
	RPRX	F	0.01%
	FOX	A	0.01%
	BURL	C	0.01%
	HII	F	0.01%
	TRMB	B	0.01%
	REG	A	0.01%
	STE	D	0.01%
	TRU	D	0.01%
	CCL	B	0.01%
	MBAVU	C	0.01%
	HSIC	F	0.01%
	STX	D	0.01%
	AES	F	0.01%
	CCEP	C	0.01%
	DOC	C	0.01%
	ACM	B	0.01%
	BXP	D	0.01%
	RVTY	C	0.01%
	AGCO	F	0.01%
	CHRD	D	0.01%
	CCK	D	0.01%
	SE	B	0.01%
	WFG	C	0.01%
	EMN	D	0.01%
	NI	A	0.01%
	KNX	C	0.01%
	UHS	D	0.01%
	APTV	F	0.01%
	EQH	B	0.01%
	EVRG	A	0.01%
	CHRW	A	0.01%
	FOXA	A	0.01%
	MELI	D	0.01%
	KMX	B	0.01%
	GLBE	B	0.0%
	XRX	F	0.0%
	TOST	A	0.0%
	PSTG	D	0.0%
	FUTU	C	0.0%
	DOCU	B	0.0%
	GRAB	B	0.0%
	MSTR	B	0.0%
	DAY	B	0.0%
	WYNN	C	0.0%
	EXAS	F	0.0%
	TECH	D	0.0%
	OKTA	C	0.0%
	Z	B	0.0%
	HOOD	B	0.0%
	ELS	B	0.0%
	QGEN	D	0.0%
	BBWI	C	0.0%
	UDR	C	0.0%
	TFX	F	0.0%
	AMH	C	0.0%
	MTCH	F	0.0%
	OTEX	F	0.0%
	CRL	C	0.0%
	CPT	C	0.0%
	BIO	C	0.0%
	QRVO	F	0.0%

QWLD Underweight 17 Positions Relative to GDE

	Symbol	Grade	Weight
	SCCO	F	-0.16%
	EPD	A	-0.16%
	TEAM	B	-0.14%
	ET	A	-0.14%
	MPLX	A	-0.09%
	CPNG	B	-0.08%
	ZS	B	-0.08%
	MTD	F	-0.07%
	ALNY	D	-0.06%
	LBRDK	C	-0.05%
	WMG	B	-0.05%
	HUBS	B	-0.03%
	AGR	C	-0.03%
	SIRI	C	-0.03%
	UAL	A	-0.03%
	MORN	B	-0.02%
	MDB	C	-0.02%

QWLD: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management Capital Markets Oil & Gas E&P Software - Infrastructure Specialty Retail Aerospace & Defense Banks - Regional - US Drug Manufacturers - Major REIT - Residential Specialty Chemicals Biotechnology Insurance - Property & Casualty Packaged Foods Banks - Global

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

GDE: Top Represented Industries & Keywords

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

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