QWLD vs. GUSA ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA)

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

$123.97

Average Daily Volume

5,532

Number of Holdings ^*

612

* may have additional holdings in another (foreign) market

GUSA

Goldman Sachs MarketBeta U.S. 1000 Equity ETF

GUSA Description

The fund seeks to invest at least 80% of its assets in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to measure the performance of equity securities of large and mid-capitalization equity issuers covering approximately the largest 1,000 of the free-float market capitalization in the U.S.

Grade (RS Rating)

Last Trade

$46.64

Average Daily Volume

195

Number of Holdings ^*

970

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	GUSA
30 Days	4.66%	4.17%
60 Days	2.00%	-2.44%
90 Days	3.43%	1.49%
12 Months	21.25%	21.25%

584 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in GUSA	Overlap
	A	B	0.07%	0.08%	0.07%
	AAPL	C	2.56%	6.45%	2.56%
	ABBV	B	0.4%	0.67%	0.4%
	ABBV	B	0.16%	0.67%	0.16%
	ABNB	F	0.01%	0.1%	0.01%
	ABT	A	0.09%	0.38%	0.09%
	ACGL	B	0.28%	0.08%	0.08%
	ACI	D	0.02%	0.02%	0.02%
	ACM	B	0.01%	0.03%	0.01%
	ACN	A	0.62%	0.44%	0.44%
	ADBE	B	0.46%	0.49%	0.46%
	ADI	C	0.04%	0.23%	0.04%
	ADM	D	0.05%	0.06%	0.05%
	ADP	B	0.23%	0.22%	0.22%
	ADSK	B	0.08%	0.11%	0.08%
	AEE	A	0.08%	0.04%	0.04%
	AEP	A	0.07%	0.1%	0.07%
	AES	D	0.01%	0.02%	0.01%
	AFG	A	0.02%	0.02%	0.02%
	AFL	B	0.12%	0.11%	0.11%
	AGCO	F	0.01%	0.01%	0.01%
	AIG	D	0.07%	0.1%	0.07%
	AIZ	B	0.07%	0.02%	0.02%
	AJG	A	0.18%	0.12%	0.12%
	AKAM	D	0.13%	0.03%	0.03%
	ALB	F	0.01%	0.02%	0.01%
	ALGN	F	0.0%	0.03%	0.0%
	ALL	B	0.07%	0.1%	0.07%
	ALLE	B	0.02%	0.02%	0.02%
	ALLY	C	0.02%	0.02%	0.02%
	AMAT	F	0.33%	0.31%	0.31%
	AMCR	B	0.08%	0.03%	0.03%
	AMD	F	0.04%	0.45%	0.04%
	AME	D	0.01%	0.08%	0.01%
	AMGN	C	0.19%	0.34%	0.19%
	AMH	A	0.0%	0.03%	0.0%
	AMP	B	0.07%	0.09%	0.07%
	AMT	A	0.02%	0.2%	0.02%
	AMZN	D	0.31%	3.11%	0.31%
	ANET	D	0.17%	0.16%	0.16%
	ANSS	D	0.0%	0.05%	0.0%
	AON	A	0.15%	0.13%	0.13%
	AOS	D	0.02%	0.02%	0.02%
	APA	F	0.03%	0.02%	0.02%
	APD	B	0.02%	0.12%	0.02%
	APH	D	0.4%	0.15%	0.15%
	APO	D	0.01%	0.09%	0.01%
	APP	B	0.0%	0.03%	0.0%
	APTV	D	0.02%	0.04%	0.02%
	ARE	D	0.01%	0.04%	0.01%
	ARES	C	0.0%	0.05%	0.0%
	ATO	A	0.01%	0.04%	0.01%
	AVB	B	0.01%	0.06%	0.01%
	AVGO	D	0.11%	1.39%	0.11%
	AVTR	B	0.01%	0.03%	0.01%
	AVY	B	0.03%	0.03%	0.03%
	AWK	A	0.01%	0.05%	0.01%
	AXON	B	0.0%	0.05%	0.0%
	AXP	B	0.06%	0.29%	0.06%
	AZO	B	0.29%	0.11%	0.11%
	BA	F	0.02%	0.19%	0.02%
	BAC	D	0.33%	0.53%	0.33%
	BAH	B	0.15%	0.04%	0.04%
	BALL	A	0.01%	0.04%	0.01%
	BAX	A	0.02%	0.04%	0.02%
	BBWI	F	0.0%	0.01%	0.0%
	BBY	A	0.05%	0.04%	0.04%
	BDX	D	0.08%	0.14%	0.08%
	BEN	F	0.01%	0.01%	0.01%
	BG	D	0.03%	0.03%	0.03%
	BIIB	D	0.02%	0.06%	0.02%
	BIO	A	0.0%	0.01%	0.0%
	BK	B	0.04%	0.1%	0.04%
	BKNG	C	0.02%	0.26%	0.02%
	BKR	D	0.02%	0.07%	0.02%
	BLDR	C	0.04%	0.04%	0.04%
	BLK	B	0.21%	0.26%	0.21%
	BMRN	D	0.1%	0.03%	0.03%
	BMY	B	0.18%	0.2%	0.18%
	BR	C	0.04%	0.05%	0.04%
	BRK.A	B	0.71%	1.18%	0.71%
	BRO	A	0.13%	0.05%	0.05%
	BSX	A	0.02%	0.23%	0.02%
	BSY	D	0.01%	0.02%	0.01%
	BURL	B	0.01%	0.03%	0.01%
	BX	B	0.02%	0.19%	0.02%
	BXP	A	0.01%	0.02%	0.01%
	C	D	0.22%	0.22%	0.22%
	CAG	A	0.05%	0.03%	0.03%
	CAH	A	0.12%	0.05%	0.05%
	CARR	B	0.02%	0.11%	0.02%
	CAT	C	0.33%	0.33%	0.33%
	CB	A	0.38%	0.22%	0.22%
	CBOE	A	0.25%	0.04%	0.04%
	CBRE	B	0.02%	0.07%	0.02%
	CCI	A	0.02%	0.09%	0.02%
	CCK	A	0.01%	0.02%	0.01%
	CCL	D	0.0%	0.03%	0.0%
	CDNS	D	0.12%	0.14%	0.12%
	CDW	D	0.09%	0.06%	0.06%
	CE	F	0.01%	0.03%	0.01%
	CEG	D	0.01%	0.12%	0.01%
	CF	B	0.12%	0.03%	0.03%
	CFG	B	0.03%	0.04%	0.03%
	CFLT	F	0.0%	0.01%	0.0%
	CG	D	0.01%	0.02%	0.01%
	CHD	A	0.18%	0.05%	0.05%
	CHK	F	0.02%	0.02%	0.02%
	CHRD	F	0.01%	0.02%	0.01%
	CHRW	B	0.01%	0.02%	0.01%
	CHTR	C	0.05%	0.07%	0.05%
	CI	B	0.2%	0.2%	0.2%
	CINF	B	0.02%	0.04%	0.02%
	CL	A	0.22%	0.17%	0.17%
	CLF	F	0.01%	0.01%	0.01%
	CLX	A	0.01%	0.04%	0.01%
	CMCSA	C	0.15%	0.3%	0.15%
	CME	A	0.15%	0.15%	0.15%
	CMG	D	0.13%	0.15%	0.13%
	CMI	B	0.08%	0.08%	0.08%
	CMS	A	0.05%	0.04%	0.04%
	CNC	D	0.06%	0.08%	0.06%
	CNH	C	0.01%	0.02%	0.01%
	CNP	D	0.01%	0.03%	0.01%
	COF	C	0.08%	0.11%	0.08%
	COIN	F	0.0%	0.07%	0.0%
	COP	D	0.1%	0.26%	0.1%
	COST	B	0.74%	0.76%	0.74%
	CPAY	B	0.01%	0.04%	0.01%
	CPB	A	0.1%	0.02%	0.02%
	CPRT	D	0.07%	0.09%	0.07%
	CPT	B	0.01%	0.03%	0.01%
	CRBG	C	0.01%	0.01%	0.01%
	CRL	F	0.0%	0.02%	0.0%
	CRM	D	0.05%	0.47%	0.05%
	CRWD	F	0.0%	0.12%	0.0%
	CSCO	B	0.88%	0.39%	0.39%
	CSGP	C	0.0%	0.06%	0.0%
	CSL	C	0.03%	0.04%	0.03%
	CSX	D	0.11%	0.13%	0.11%
	CTAS	B	0.12%	0.13%	0.12%
	CTLT	A	0.01%	0.02%	0.01%
	CTRA	F	0.02%	0.04%	0.02%
	CTSH	B	0.2%	0.07%	0.07%
	CTVA	B	0.04%	0.08%	0.04%
	CVS	F	0.17%	0.14%	0.14%
	CVX	F	0.29%	0.48%	0.29%
	CZR	D	0.01%	0.02%	0.01%
	D	A	0.06%	0.09%	0.06%
	DAL	D	0.0%	0.05%	0.0%
	DASH	B	0.0%	0.08%	0.0%
	DAY	C	0.0%	0.02%	0.0%
	DD	C	0.02%	0.06%	0.02%
	DDOG	D	0.0%	0.06%	0.0%
	DE	B	0.06%	0.19%	0.06%
	DECK	C	0.04%	0.05%	0.04%
	DELL	F	0.01%	0.06%	0.01%
	DFS	C	0.03%	0.07%	0.03%
	DG	F	0.02%	0.04%	0.02%
	DGX	B	0.1%	0.03%	0.03%
	DHI	B	0.12%	0.11%	0.11%
	DHR	B	0.06%	0.34%	0.06%
	DINO	F	0.05%	0.01%	0.01%
	DIS	F	0.07%	0.32%	0.07%
	DKNG	D	0.0%	0.03%	0.0%
	DKS	C	0.03%	0.03%	0.03%
	DLR	D	0.02%	0.09%	0.02%
	DLTR	F	0.01%	0.03%	0.01%
	DOC	B	0.01%	0.03%	0.01%
	DOCU	A	0.0%	0.02%	0.0%
	DOV	C	0.04%	0.05%	0.04%
	DOW	D	0.04%	0.07%	0.04%
	DPZ	D	0.06%	0.03%	0.03%
	DRI	A	0.03%	0.04%	0.03%
	DT	A	0.0%	0.03%	0.0%
	DTE	B	0.02%	0.05%	0.02%
	DUK	A	0.35%	0.17%	0.17%
	DVA	B	0.01%	0.02%	0.01%
	DVN	F	0.03%	0.05%	0.03%
	DXCM	F	0.0%	0.05%	0.0%
	EA	C	0.18%	0.07%	0.07%
	EBAY	A	0.01%	0.06%	0.01%
	ECL	B	0.01%	0.12%	0.01%
	ED	A	0.36%	0.07%	0.07%
	EFX	B	0.01%	0.07%	0.01%
	EG	B	0.06%	0.03%	0.03%
	EIX	A	0.03%	0.06%	0.03%
	EL	F	0.01%	0.04%	0.01%
	ELS	A	0.0%	0.03%	0.0%
	ELV	B	0.28%	0.25%	0.25%
	EME	C	0.03%	0.04%	0.03%
	EMN	C	0.01%	0.02%	0.01%
	EMR	D	0.02%	0.12%	0.02%
	ENPH	D	0.03%	0.03%	0.03%
	ENTG	D	0.0%	0.03%	0.0%
	EOG	D	0.05%	0.15%	0.05%
	EPAM	C	0.02%	0.02%	0.02%
	EQH	C	0.01%	0.03%	0.01%
	EQIX	B	0.01%	0.15%	0.01%
	EQR	B	0.01%	0.05%	0.01%
	EQT	D	0.01%	0.03%	0.01%
	ERIE	A	0.14%	0.02%	0.02%
	ES	A	0.02%	0.05%	0.02%
	ESS	B	0.01%	0.04%	0.01%
	ETN	D	0.02%	0.23%	0.02%
	ETR	A	0.02%	0.05%	0.02%
	ETSY	F	0.0%	0.01%	0.0%
	EVRG	A	0.01%	0.03%	0.01%
	EW	F	0.07%	0.08%	0.07%
	EXAS	B	0.0%	0.02%	0.0%
	EXC	A	0.03%	0.07%	0.03%
	EXPD	D	0.04%	0.03%	0.03%
	EXPE	C	0.01%	0.03%	0.01%
	EXR	B	0.01%	0.07%	0.01%
	F	D	0.09%	0.08%	0.08%
	FANG	D	0.09%	0.07%	0.07%
	FAST	D	0.07%	0.07%	0.07%
	FCNCA	C	0.09%	0.04%	0.04%
	FCX	D	0.02%	0.12%	0.02%
	FDS	C	0.02%	0.03%	0.02%
	FDX	D	0.07%	0.13%	0.07%
	FE	A	0.01%	0.05%	0.01%
	FFIV	B	0.13%	0.02%	0.02%
	FICO	A	0.04%	0.08%	0.04%
	FIS	A	0.02%	0.09%	0.02%
	FITB	B	0.03%	0.06%	0.03%
	FNF	B	0.01%	0.03%	0.01%
	FOX	B	0.01%	0.01%	0.01%
	FOXA	B	0.01%	0.02%	0.01%
	FSLR	C	0.01%	0.04%	0.01%
	FTNT	B	0.01%	0.09%	0.01%
	FTV	D	0.01%	0.05%	0.01%
	GD	B	0.18%	0.13%	0.13%
	GDDY	C	0.22%	0.04%	0.04%
	GE	C	0.3%	0.37%	0.3%
	GEHC	B	0.02%	0.07%	0.02%
	GEV	A	0.01%	0.1%	0.01%
	GGG	D	0.02%	0.03%	0.02%
	GILD	A	0.21%	0.19%	0.19%
	GIS	A	0.37%	0.08%	0.08%
	GLPI	A	0.01%	0.03%	0.01%
	GLW	C	0.02%	0.06%	0.02%
	GM	B	0.16%	0.11%	0.11%
	GOOG	D	0.87%	1.66%	0.87%
	GOOGL	D	1.0%	1.85%	1.0%
	GPC	D	0.06%	0.04%	0.04%
	GPN	C	0.02%	0.06%	0.02%
	GRMN	B	0.05%	0.05%	0.05%
	GS	C	0.14%	0.32%	0.14%
	GWW	C	0.09%	0.07%	0.07%
	H	C	0.0%	0.01%	0.0%
	HAL	F	0.02%	0.05%	0.02%
	HBAN	B	0.03%	0.04%	0.03%
	HCA	B	0.04%	0.15%	0.04%
	HD	B	0.13%	0.71%	0.13%
	HEI	B	0.0%	0.03%	0.0%
	HEI	B	0.0%	0.02%	0.0%
	HEI	B	0.0%	0.03%	0.0%
	HEI	B	0.0%	0.02%	0.0%
	HES	F	0.01%	0.07%	0.01%
	HIG	B	0.03%	0.07%	0.03%
	HII	B	0.01%	0.02%	0.01%
	HLT	C	0.01%	0.1%	0.01%
	HOLX	A	0.01%	0.04%	0.01%
	HON	D	0.23%	0.26%	0.23%
	HOOD	D	0.0%	0.02%	0.0%
	HPE	D	0.03%	0.05%	0.03%
	HPQ	D	0.04%	0.07%	0.04%
	HRL	A	0.1%	0.02%	0.02%
	HSIC	C	0.01%	0.02%	0.01%
	HST	D	0.01%	0.02%	0.01%
	HSY	A	0.17%	0.05%	0.05%
	HUBB	C	0.03%	0.04%	0.03%
	HUM	D	0.19%	0.08%	0.08%
	HWM	B	0.01%	0.08%	0.01%
	IBM	A	0.44%	0.35%	0.35%
	ICE	A	0.03%	0.18%	0.03%
	IDXX	D	0.08%	0.08%	0.08%
	IEX	D	0.02%	0.03%	0.02%
	IFF	A	0.01%	0.05%	0.01%
	ILMN	B	0.0%	0.04%	0.0%
	INCY	C	0.13%	0.02%	0.02%
	INTC	F	0.08%	0.16%	0.08%
	INTU	D	0.23%	0.33%	0.23%
	INVH	B	0.01%	0.04%	0.01%
	IOT	A	0.0%	0.02%	0.0%
	IP	B	0.02%	0.03%	0.02%
	IPG	B	0.03%	0.02%	0.02%
	IQV	B	0.01%	0.09%	0.01%
	IR	D	0.01%	0.07%	0.01%
	IRM	B	0.01%	0.06%	0.01%
	ISRG	B	0.23%	0.33%	0.23%
	IT	B	0.03%	0.07%	0.03%
	ITW	C	0.12%	0.15%	0.12%
	J	C	0.01%	0.04%	0.01%
	JBHT	C	0.03%	0.03%	0.03%
	JBL	F	0.01%	0.02%	0.01%
	JCI	C	0.02%	0.09%	0.02%
	JKHY	B	0.06%	0.02%	0.02%
	JNJ	B	1.16%	0.77%	0.77%
	JNPR	A	0.13%	0.02%	0.02%
	JPM	B	0.55%	1.24%	0.55%
	K	A	0.22%	0.04%	0.04%
	KDP	A	0.15%	0.07%	0.07%
	KEY	B	0.02%	0.03%	0.02%
	KEYS	C	0.17%	0.05%	0.05%
	KHC	A	0.22%	0.05%	0.05%
	KIM	A	0.01%	0.03%	0.01%
	KKR	B	0.02%	0.16%	0.02%
	KLAC	D	0.19%	0.21%	0.19%
	KMB	A	0.12%	0.09%	0.09%
	KMI	B	0.03%	0.08%	0.03%
	KMX	C	0.02%	0.03%	0.02%
	KNX	D	0.01%	0.02%	0.01%
	KO	B	0.65%	0.55%	0.55%
	KR	C	0.28%	0.07%	0.07%
	KVUE	A	0.07%	0.08%	0.07%
	L	B	0.16%	0.03%	0.03%
	LDOS	B	0.01%	0.04%	0.01%
	LEN	B	0.09%	0.08%	0.08%
	LEN	B	0.09%	0.0%	0.0%
	LHX	C	0.02%	0.09%	0.02%
	LII	C	0.0%	0.04%	0.0%
	LIN	B	0.06%	0.44%	0.06%
	LKQ	D	0.01%	0.02%	0.01%
	LLY	B	1.43%	1.55%	1.43%
	LMT	A	0.43%	0.27%	0.27%
	LNG	B	0.05%	0.08%	0.05%
	LNT	A	0.03%	0.03%	0.03%
	LOW	B	0.07%	0.27%	0.07%
	LPLA	D	0.03%	0.03%	0.03%
	LRCX	F	0.21%	0.2%	0.2%
	LSCC	F	0.01%	0.01%	0.01%
	LULU	F	0.06%	0.06%	0.06%
	LUV	A	0.0%	0.03%	0.0%
	LVS	D	0.0%	0.03%	0.0%
	LW	D	0.0%	0.02%	0.0%
	LYB	D	0.03%	0.05%	0.03%
	LYV	D	0.0%	0.03%	0.0%
	MA	B	0.63%	0.77%	0.63%
	MAA	B	0.01%	0.04%	0.01%
	MANH	B	0.03%	0.03%	0.03%
	MAR	D	0.01%	0.11%	0.01%
	MAS	B	0.01%	0.03%	0.01%
	MCD	A	0.41%	0.41%	0.41%
	MCHP	D	0.07%	0.08%	0.07%
	MCK	D	0.52%	0.14%	0.14%
	MCO	B	0.13%	0.15%	0.13%
	MDLZ	A	0.16%	0.18%	0.16%
	MDT	A	0.06%	0.22%	0.06%
	MET	B	0.04%	0.09%	0.04%
	META	C	1.93%	2.22%	1.93%
	MGM	F	0.01%	0.02%	0.01%
	MKC	A	0.01%	0.04%	0.01%
	MKL	C	0.12%	0.04%	0.04%
	MKTX	A	0.01%	0.02%	0.01%
	MLM	D	0.01%	0.06%	0.01%
	MMC	A	0.51%	0.22%	0.22%
	MMM	B	0.14%	0.14%	0.14%
	MNST	D	0.06%	0.06%	0.06%
	MO	A	0.04%	0.18%	0.04%
	MOH	C	0.07%	0.04%	0.04%
	MOS	F	0.02%	0.02%	0.02%
	MPC	D	0.19%	0.12%	0.12%
	MPWR	C	0.07%	0.08%	0.07%
	MRK	D	0.51%	0.58%	0.51%
	MRNA	F	0.02%	0.05%	0.02%
	MRO	C	0.02%	0.03%	0.02%
	MRVL	D	0.01%	0.12%	0.01%
	MS	C	0.09%	0.25%	0.09%
	MSCI	B	0.0%	0.09%	0.0%
	MSFT	D	2.24%	5.89%	2.24%
	MSI	B	0.57%	0.14%	0.14%
	MTB	B	0.04%	0.05%	0.04%
	MTCH	B	0.0%	0.02%	0.0%
	MU	F	0.04%	0.2%	0.04%
	NBIX	D	0.11%	0.02%	0.02%
	NDAQ	A	0.01%	0.05%	0.01%
	NDSN	C	0.02%	0.03%	0.02%
	NEE	A	0.06%	0.31%	0.06%
	NEM	B	0.04%	0.12%	0.04%
	NET	F	0.0%	0.05%	0.0%
	NFLX	B	0.45%	0.57%	0.45%
	NI	A	0.01%	0.03%	0.01%
	NKE	C	0.18%	0.2%	0.18%
	NOC	B	0.33%	0.15%	0.15%
	NOW	B	0.01%	0.33%	0.01%
	NRG	C	0.01%	0.03%	0.01%
	NSC	B	0.03%	0.11%	0.03%
	NTAP	D	0.05%	0.05%	0.05%
	NTRS	B	0.01%	0.04%	0.01%
	NUE	F	0.04%	0.07%	0.04%
	NVDA	D	2.21%	5.4%	2.21%
	NVR	B	0.06%	0.05%	0.05%
	NWSA	C	0.01%	0.02%	0.01%
	O	A	0.02%	0.1%	0.02%
	OC	D	0.03%	0.03%	0.03%
	ODFL	D	0.07%	0.07%	0.07%
	OKE	A	0.02%	0.1%	0.02%
	OKTA	F	0.0%	0.02%	0.0%
	OMC	B	0.04%	0.04%	0.04%
	ON	D	0.02%	0.06%	0.02%
	ORCL	A	0.19%	0.42%	0.19%
	ORLY	B	0.22%	0.13%	0.13%
	OTIS	D	0.01%	0.08%	0.01%
	OVV	F	0.02%	0.02%	0.02%
	OXY	F	0.04%	0.08%	0.04%
	PANW	B	0.16%	0.22%	0.16%
	PARA	F	0.01%	0.01%	0.01%
	PATH	D	0.0%	0.01%	0.0%
	PAYC	D	0.01%	0.02%	0.01%
	PAYX	B	0.09%	0.08%	0.08%
	PCAR	D	0.09%	0.09%	0.09%
	PCG	A	0.03%	0.08%	0.03%
	PCTY	C	0.01%	0.01%	0.01%
	PEG	B	0.02%	0.08%	0.02%
	PEP	A	0.84%	0.46%	0.46%
	PFE	D	0.2%	0.32%	0.2%
	PFG	D	0.02%	0.04%	0.02%
	PG	A	0.93%	0.78%	0.78%
	PGR	A	0.33%	0.28%	0.28%
	PH	B	0.02%	0.15%	0.02%
	PHM	B	0.06%	0.05%	0.05%
	PINS	F	0.0%	0.04%	0.0%
	PKG	B	0.03%	0.04%	0.03%
	PLD	B	0.05%	0.22%	0.05%
	PLTR	B	0.0%	0.12%	0.0%
	PM	A	0.07%	0.37%	0.07%
	PNC	B	0.08%	0.14%	0.08%
	PNR	B	0.02%	0.03%	0.02%
	PODD	A	0.0%	0.03%	0.0%
	POOL	C	0.03%	0.03%	0.03%
	PPG	D	0.01%	0.06%	0.01%
	PPL	A	0.01%	0.05%	0.01%
	PRU	C	0.04%	0.08%	0.04%
	PSA	A	0.08%	0.11%	0.08%
	PSTG	F	0.0%	0.03%	0.0%
	PSX	D	0.14%	0.11%	0.11%
	PTC	D	0.07%	0.04%	0.04%
	PWR	C	0.01%	0.08%	0.01%
	PYPL	B	0.04%	0.15%	0.04%
	QCOM	F	0.34%	0.37%	0.34%
	QGEN	B	0.0%	0.02%	0.0%
	QRVO	D	0.01%	0.02%	0.01%
	RBLX	B	0.0%	0.04%	0.0%
	RCL	C	0.0%	0.07%	0.0%
	REG	A	0.01%	0.02%	0.01%
	REGN	B	0.48%	0.24%	0.24%
	RF	B	0.03%	0.04%	0.03%
	RGEN	C	0.0%	0.02%	0.0%
	RIVN	F	0.0%	0.02%	0.0%
	RJF	D	0.01%	0.04%	0.01%
	RMD	A	0.05%	0.07%	0.05%
	ROK	D	0.05%	0.06%	0.05%
	ROKU	C	0.0%	0.02%	0.0%
	ROL	B	0.08%	0.03%	0.03%
	ROP	C	0.48%	0.11%	0.11%
	ROST	B	0.02%	0.1%	0.02%
	RPM	A	0.0%	0.03%	0.0%
	RPRX	B	0.01%	0.02%	0.01%
	RS	D	0.01%	0.03%	0.01%
	RSG	B	0.45%	0.08%	0.08%
	RTX	B	0.09%	0.32%	0.09%
	SBAC	A	0.01%	0.05%	0.01%
	SBUX	B	0.04%	0.21%	0.04%
	SCHW	D	0.03%	0.19%	0.03%
	SEIC	D	0.01%	0.01%	0.01%
	SHW	B	0.13%	0.17%	0.13%
	SJM	A	0.07%	0.02%	0.02%
	SLB	F	0.03%	0.12%	0.03%
	SMCI	F	0.03%	0.04%	0.03%
	SNA	D	0.03%	0.03%	0.03%
	SNAP	F	0.0%	0.02%	0.0%
	SNOW	F	0.0%	0.07%	0.0%
	SNPS	D	0.11%	0.15%	0.11%
	SO	A	0.45%	0.18%	0.18%
	SOLV	B	0.03%	0.02%	0.02%
	SPG	B	0.02%	0.1%	0.02%
	SPGI	A	0.04%	0.31%	0.04%
	SQ	D	0.01%	0.07%	0.01%
	SRE	B	0.03%	0.1%	0.03%
	SSNC	B	0.01%	0.03%	0.01%
	STE	A	0.01%	0.05%	0.01%
	STLD	D	0.02%	0.03%	0.02%
	STT	B	0.03%	0.05%	0.03%
	STX	D	0.01%	0.04%	0.01%
	STZ	B	0.01%	0.07%	0.01%
	SUI	A	0.01%	0.03%	0.01%
	SW	D	0.02%	0.05%	0.02%
	SWK	B	0.01%	0.03%	0.01%
	SWKS	D	0.03%	0.03%	0.03%
	SYF	C	0.03%	0.04%	0.03%
	SYK	A	0.03%	0.22%	0.03%
	SYY	A	0.03%	0.08%	0.03%
	T	A	0.33%	0.27%	0.27%
	TAP	C	0.01%	0.02%	0.01%
	TDG	B	0.01%	0.15%	0.01%
	TDY	B	0.05%	0.04%	0.04%
	TECH	D	0.0%	0.02%	0.0%
	TEL	C	0.09%	0.09%	0.09%
	TER	D	0.03%	0.04%	0.03%
	TFC	B	0.08%	0.11%	0.08%
	TFX	A	0.01%	0.02%	0.01%
	TGT	B	0.15%	0.14%	0.14%
	TJX	B	0.34%	0.26%	0.26%
	TMO	A	0.07%	0.46%	0.07%
	TMUS	B	0.64%	0.19%	0.19%
	TOST	D	0.0%	0.02%	0.0%
	TPL	C	0.04%	0.04%	0.04%
	TRGP	A	0.03%	0.06%	0.03%
	TRMB	D	0.0%	0.03%	0.0%
	TROW	D	0.05%	0.05%	0.05%
	TRU	B	0.01%	0.04%	0.01%
	TRV	A	0.25%	0.1%	0.1%
	TSCO	B	0.05%	0.06%	0.05%
	TSLA	D	0.1%	1.1%	0.1%
	TSN	A	0.15%	0.04%	0.04%
	TT	B	0.13%	0.16%	0.13%
	TTC	D	0.02%	0.02%	0.02%
	TTD	B	0.0%	0.09%	0.0%
	TTWO	B	0.01%	0.05%	0.01%
	TW	B	0.0%	0.03%	0.0%
	TWLO	D	0.0%	0.02%	0.0%
	TXN	C	0.49%	0.37%	0.37%
	TXT	D	0.01%	0.03%	0.01%
	TYL	A	0.0%	0.05%	0.0%
	U	D	0.0%	0.01%	0.0%
	UBER	B	0.01%	0.28%	0.01%
	UDR	B	0.0%	0.03%	0.0%
	UHAL	B	0.01%	0.0%	0.0%
	UHAL	B	0.01%	0.01%	0.01%
	UHS	B	0.01%	0.02%	0.01%
	ULTA	D	0.06%	0.04%	0.04%
	UNH	A	1.32%	1.06%	1.06%
	UNP	B	0.28%	0.3%	0.28%
	UPS	F	0.06%	0.18%	0.06%
	URI	C	0.02%	0.09%	0.02%
	USB	B	0.08%	0.13%	0.08%
	UTHR	B	0.14%	0.03%	0.03%
	V	A	1.04%	0.84%	0.84%
	VEEV	A	0.04%	0.06%	0.04%
	VICI	A	0.02%	0.07%	0.02%
	VLO	D	0.07%	0.09%	0.07%
	VLTO	B	0.05%	0.05%	0.05%
	VMC	D	0.01%	0.06%	0.01%
	VRSK	C	0.01%	0.08%	0.01%
	VRSN	C	0.14%	0.03%	0.03%
	VRT	F	0.0%	0.05%	0.0%
	VRTX	D	0.44%	0.25%	0.25%
	VST	C	0.01%	0.06%	0.01%
	VTR	A	0.01%	0.05%	0.01%
	VTRS	C	0.03%	0.03%	0.03%
	VZ	B	0.57%	0.34%	0.34%
	WAB	B	0.01%	0.06%	0.01%
	WAT	B	0.03%	0.04%	0.03%
	WBA	F	0.04%	0.01%	0.01%
	WBD	D	0.06%	0.03%	0.03%
	WDAY	C	0.04%	0.11%	0.04%
	WDC	D	0.01%	0.04%	0.01%
	WEC	A	0.19%	0.06%	0.06%
	WELL	A	0.02%	0.14%	0.02%
	WFC	D	0.21%	0.39%	0.21%
	WLK	D	0.0%	0.01%	0.0%
	WM	D	0.5%	0.17%	0.17%
	WMB	B	0.15%	0.11%	0.11%
	WMT	A	0.68%	0.65%	0.65%
	WPC	A	0.01%	0.03%	0.01%
	WRB	B	0.14%	0.04%	0.04%
	WSM	D	0.04%	0.03%	0.03%
	WSO	D	0.03%	0.03%	0.03%
	WST	D	0.03%	0.05%	0.03%
	WTRG	D	0.01%	0.02%	0.01%
	WTW	A	0.07%	0.06%	0.06%
	WY	C	0.02%	0.04%	0.02%
	WYNN	D	0.0%	0.01%	0.0%
	XEL	A	0.07%	0.07%	0.07%
	XOM	C	0.45%	1.03%	0.45%
	XYL	D	0.01%	0.06%	0.01%
	YUM	B	0.15%	0.07%	0.07%
	Z	B	0.0%	0.02%	0.0%
	ZBH	D	0.01%	0.05%	0.01%
	ZBRA	C	0.01%	0.03%	0.01%
	ZM	B	0.01%	0.03%	0.01%
	ZTS	A	0.16%	0.16%	0.16%

QWLD Overweight 32 Positions Relative to GUSA

	Symbol	Grade	Weight
	NVS	B	0.91%
	UL	A	0.3%
	WCN	B	0.27%
	MFG	D	0.2%
	CHKP	B	0.19%
	TM	F	0.16%
	MUFG	D	0.13%
	DEO	C	0.13%
	TD	A	0.13%
	E	D	0.13%
	CNI	D	0.11%
	SMFG	D	0.1%
	STLA	F	0.1%
	BCS	B	0.1%
	LYG	C	0.09%
	HMC	D	0.08%
	SONY	B	0.08%
	LOGI	D	0.07%
	MT	D	0.05%
	BTI	A	0.05%
	NMR	D	0.02%
	NXPI	D	0.02%
	AER	C	0.02%
	OTEX	C	0.01%
	MBAVU	B	0.01%
	SE	B	0.01%
	CCEP	A	0.01%
	WFG	B	0.01%
	GLBE	D	0.0%
	XRX	D	0.0%
	FUTU	F	0.0%
	GRAB	D	0.0%

QWLD Underweight 389 Positions Relative to GUSA

	Symbol	Grade	Weight
	MELI	B	-0.18%
	SPOT	C	-0.09%
	ALNY	C	-0.07%
	FLUT	A	-0.07%
	MTD	C	-0.06%
	CPNG	B	-0.05%
	HUBS	F	-0.05%
	TEAM	F	-0.05%
	MSTR	F	-0.04%
	FLEX	C	-0.03%
	IBKR	B	-0.03%
	XPO	D	-0.03%
	RNR	A	-0.03%
	CASY	C	-0.03%
	USFD	B	-0.03%
	UAL	C	-0.03%
	RGA	B	-0.03%
	THC	B	-0.03%
	CVNA	C	-0.03%
	TOL	B	-0.03%
	NTNX	A	-0.03%
	MDB	C	-0.03%
	ZS	F	-0.03%
	CRUS	C	-0.02%
	SSD	D	-0.02%
	BWA	D	-0.02%
	FCN	C	-0.02%
	AIT	C	-0.02%
	BERY	B	-0.02%
	AYI	C	-0.02%
	RBC	C	-0.02%
	HLI	B	-0.02%
	ATI	C	-0.02%
	ALSN	B	-0.02%
	OGE	B	-0.02%
	LNW	B	-0.02%
	AXTA	C	-0.02%
	MLI	B	-0.02%
	HALO	B	-0.02%
	BFAM	B	-0.02%
	MORN	C	-0.02%
	WBS	D	-0.02%
	MHK	B	-0.02%
	PSN	B	-0.02%
	ELF	F	-0.02%
	ENSG	B	-0.02%
	BRX	A	-0.02%
	COLD	B	-0.02%
	CIEN	B	-0.02%
	FMC	C	-0.02%
	TKO	B	-0.02%
	PCVX	A	-0.02%
	LAD	C	-0.02%
	OWL	D	-0.02%
	GLOB	C	-0.02%
	OLED	D	-0.02%
	NYT	C	-0.02%
	FLR	C	-0.02%
	CHE	C	-0.02%
	TPX	D	-0.02%
	FRT	A	-0.02%
	ESTC	F	-0.02%
	NNN	A	-0.02%
	MEDP	D	-0.02%
	SF	C	-0.02%
	CROX	C	-0.02%
	EVR	B	-0.02%
	DCI	C	-0.02%
	X	F	-0.02%
	EGP	B	-0.02%
	WAL	B	-0.02%
	EXP	B	-0.02%
	HAS	B	-0.02%
	SCCO	D	-0.02%
	FN	C	-0.02%
	INGR	A	-0.02%
	HRB	B	-0.02%
	SNX	D	-0.02%
	ORI	B	-0.02%
	ARMK	A	-0.02%
	GPK	B	-0.02%
	EHC	B	-0.02%
	FHN	C	-0.02%
	SKX	B	-0.02%
	PRI	B	-0.02%
	GNRC	C	-0.02%
	TPR	B	-0.02%
	KBR	C	-0.02%
	RGLD	C	-0.02%
	GL	B	-0.02%
	BWXT	C	-0.02%
	CHDN	D	-0.02%
	OHI	A	-0.02%
	GMED	C	-0.02%
	MUSA	B	-0.02%
	DOX	C	-0.02%
	PNW	A	-0.02%
	WWD	D	-0.02%
	ATR	A	-0.02%
	SAIA	D	-0.02%
	ONTO	D	-0.02%
	AFRM	B	-0.02%
	COHR	C	-0.02%
	JEF	B	-0.02%
	SFM	B	-0.02%
	UNM	B	-0.02%
	WMS	D	-0.02%
	BJ	D	-0.02%
	CACI	B	-0.02%
	KNSL	B	-0.02%
	REXR	B	-0.02%
	LAMR	B	-0.02%
	RRX	D	-0.02%
	LECO	F	-0.02%
	NVT	F	-0.02%
	SCI	B	-0.02%
	ITT	C	-0.02%
	TXRH	D	-0.02%
	GWRE	A	-0.02%
	WING	C	-0.02%
	PFGC	B	-0.02%
	FTI	D	-0.02%
	CUBE	A	-0.02%
	FND	C	-0.02%
	EWBC	C	-0.02%
	JLL	B	-0.02%
	INSM	C	-0.02%
	SRPT	D	-0.02%
	CW	B	-0.02%
	CLH	C	-0.02%
	FIX	C	-0.02%
	BLD	D	-0.02%
	TTEK	B	-0.02%
	NTRA	B	-0.02%
	YUMC	C	-0.02%
	AGR	B	-0.01%
	BBIO	B	-0.01%
	ADTN	F	-0.01%
	ZG	B	-0.01%
	DDS	D	-0.01%
	COLM	B	-0.01%
	CRVL	B	-0.01%
	HESM	C	-0.01%
	CACC	F	-0.01%
	PAG	C	-0.01%
	NSA	A	-0.01%
	TNET	F	-0.01%
	STNG	D	-0.01%
	DNB	B	-0.01%
	COTY	F	-0.01%
	LANC	D	-0.01%
	LCID	B	-0.01%
	APLS	C	-0.01%
	PBF	F	-0.01%
	ATKR	F	-0.01%
	LSXMK	C	-0.01%
	CNXC	C	-0.01%
	GFS	F	-0.01%
	AMKR	F	-0.01%
	ENLC	A	-0.01%
	RIG	F	-0.01%
	SIG	F	-0.01%
	WMG	F	-0.01%
	CHH	C	-0.01%
	HUN	D	-0.01%
	MSM	D	-0.01%
	IAC	C	-0.01%
	SLAB	D	-0.01%
	RYN	B	-0.01%
	RH	F	-0.01%
	M	F	-0.01%
	W	F	-0.01%
	CHWY	B	-0.01%
	SWX	D	-0.01%
	TPG	B	-0.01%
	CPRI	C	-0.01%
	SLGN	B	-0.01%
	LYFT	F	-0.01%
	BYD	B	-0.01%
	WU	C	-0.01%
	HCP	B	-0.01%
	KRC	B	-0.01%
	MGY	D	-0.01%
	DLB	F	-0.01%
	FLO	A	-0.01%
	FIVE	F	-0.01%
	APPF	D	-0.01%
	ASGN	D	-0.01%
	FFIN	B	-0.01%
	ASH	D	-0.01%
	HOG	B	-0.01%
	DOCS	B	-0.01%
	PII	D	-0.01%
	SN	A	-0.01%
	QLYS	F	-0.01%
	ALK	D	-0.01%
	FOUR	B	-0.01%
	AN	C	-0.01%
	EEFT	D	-0.01%
	OZK	D	-0.01%
	TENB	D	-0.01%
	SUM	D	-0.01%
	AL	D	-0.01%
	RMBS	F	-0.01%
	GATX	C	-0.01%
	JHG	B	-0.01%
	PCOR	F	-0.01%
	MDU	D	-0.01%
	SEE	D	-0.01%
	ALTR	D	-0.01%
	AM	C	-0.01%
	CNM	F	-0.01%
	ABG	D	-0.01%
	CIVI	F	-0.01%
	UBSI	B	-0.01%
	IDA	A	-0.01%
	THG	A	-0.01%
	UGI	C	-0.01%
	GTLB	C	-0.01%
	GTLS	F	-0.01%
	GBCI	B	-0.01%
	HLNE	B	-0.01%
	MASI	D	-0.01%
	OLN	F	-0.01%
	NFG	B	-0.01%
	IBP	D	-0.01%
	NXST	D	-0.01%
	WTS	D	-0.01%
	INSP	A	-0.01%
	VNT	F	-0.01%
	XRAY	D	-0.01%
	OPCH	A	-0.01%
	HXL	F	-0.01%
	EXPO	B	-0.01%
	SON	A	-0.01%
	SM	D	-0.01%
	THO	C	-0.01%
	LNC	C	-0.01%
	BC	D	-0.01%
	PVH	F	-0.01%
	SIGI	D	-0.01%
	TKR	D	-0.01%
	AMG	C	-0.01%
	SRCL	A	-0.01%
	MUR	F	-0.01%
	WHR	D	-0.01%
	IVZ	C	-0.01%
	VVV	D	-0.01%
	BILL	C	-0.01%
	MMS	C	-0.01%
	VMI	C	-0.01%
	CELH	F	-0.01%
	POST	B	-0.01%
	OGN	C	-0.01%
	GME	C	-0.01%
	OMF	D	-0.01%
	BPMC	F	-0.01%
	ST	D	-0.01%
	AA	F	-0.01%
	GXO	D	-0.01%
	VKTX	C	-0.01%
	EXLS	B	-0.01%
	ESAB	D	-0.01%
	AAON	C	-0.01%
	ESI	D	-0.01%
	CYTK	F	-0.01%
	MTSI	D	-0.01%
	CHX	D	-0.01%
	AZEK	D	-0.01%
	RHP	D	-0.01%
	DBX	D	-0.01%
	WH	A	-0.01%
	ONB	C	-0.01%
	APG	D	-0.01%
	STWD	C	-0.01%
	PR	D	-0.01%
	BRKR	C	-0.01%
	CMC	D	-0.01%
	AXS	B	-0.01%
	RLI	B	-0.01%
	S	D	-0.01%
	SITE	C	-0.01%
	RYAN	B	-0.01%
	FAF	A	-0.01%
	FYBR	A	-0.01%
	LPX	B	-0.01%
	G	B	-0.01%
	RVMD	D	-0.01%
	HQY	D	-0.01%
	LSTR	D	-0.01%
	ITCI	C	-0.01%
	SMAR	A	-0.01%
	FLS	C	-0.01%
	NOVT	C	-0.01%
	MAT	C	-0.01%
	MTDR	F	-0.01%
	WTFC	B	-0.01%
	MTN	C	-0.01%
	DAR	D	-0.01%
	RHI	D	-0.01%
	CFR	C	-0.01%
	ESNT	B	-0.01%
	PB	B	-0.01%
	MSA	D	-0.01%
	LFUS	C	-0.01%
	SAIC	B	-0.01%
	SNV	C	-0.01%
	EXEL	B	-0.01%
	LEA	F	-0.01%
	AAL	C	-0.01%
	RL	A	-0.01%
	VFC	B	-0.01%
	ANF	D	-0.01%
	COKE	B	-0.01%
	KEX	D	-0.01%
	SWN	F	-0.01%
	TREX	F	-0.01%
	CGNX	D	-0.01%
	OSK	D	-0.01%
	VOYA	B	-0.01%
	IONS	D	-0.01%
	MTZ	C	-0.01%
	JAZZ	D	-0.01%
	PLNT	A	-0.01%
	NOV	F	-0.01%
	LNTH	C	-0.01%
	MTH	B	-0.01%
	WSC	D	-0.01%
	AGNC	A	-0.01%
	BPOP	B	-0.01%
	LBRDK	C	-0.01%
	RRC	F	-0.01%
	ZION	C	-0.01%
	STAG	B	-0.01%
	ADC	A	-0.01%
	SPSC	D	-0.01%
	GNTX	D	-0.01%
	ACHC	B	-0.01%
	WCC	D	-0.01%
	SSB	B	-0.01%
	BRBR	A	-0.01%
	UFPI	D	-0.01%
	ARW	B	-0.01%
	FR	B	-0.01%
	MKSI	F	-0.01%
	MIDD	D	-0.01%
	WFRD	F	-0.01%
	CMA	B	-0.01%
	PEN	C	-0.01%
	PNFP	B	-0.01%
	NCLH	D	-0.01%
	AR	F	-0.01%
	ALV	D	-0.01%
	CR	C	-0.01%
	SOFI	D	-0.01%
	ELAN	B	-0.01%
	DUOL	B	-0.01%
	CBSH	B	-0.01%
	WEX	C	-0.01%
	DTM	B	-0.01%
	BLCO	C	-0.0%
	UWMC	B	-0.0%
	DJT	F	-0.0%
	CWEN	B	-0.0%
	LBRDA	C	-0.0%
	NFE	F	-0.0%
	CNA	B	-0.0%
	INFA	F	-0.0%
	BIRK	F	-0.0%
	ALGM	F	-0.0%
	KNTK	A	-0.0%
	RDDT	D	-0.0%
	IMVT	B	-0.0%
	REYN	A	-0.0%
	LEVI	C	-0.0%
	PPC	B	-0.0%
	IPGP	F	-0.0%
	SIRI	F	-0.0%
	RCM	B	-0.0%
	NWS	C	-0.0%
	CLVT	C	-0.0%
	IPAR	D	-0.0%
	IGT	C	-0.0%
	CWEN	B	-0.0%
	RKT	B	-0.0%
	EDR	A	-0.0%
	BOKF	B	-0.0%
	BROS	D	-0.0%
	ZI	F	-0.0%

QWLD: Top Represented Industries & Keywords

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

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

GUSA: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Biotechnology Business Services Oil & Gas E&P Software - Infrastructure Asset Management Utilities - Regulated Electric Semiconductors Specialty Retail Diagnostics & Research Capital Markets Insurance - Property & Casualty Packaged Foods Aerospace & Defense Building Materials Information Technology Services Packaging & Containers Specialty Chemicals

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Electronics Banking Bank Chemical Aerospace Electricity Real Estate Investment Trust Medicine Mining Semiconductor Telecommunications Dow Jones Component Biotechnology IBD 50 Insurance Products