QWLD vs. IWD ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to iShares Russell 1000 Value ETF (IWD)

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

$123.05

Average Daily Volume

5,943

Number of Holdings ^*

611

* may have additional holdings in another (foreign) market

IWD

iShares Russell 1000 Value ETF

IWD Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 1000 Value Index (the "underlying index"), which measures the performance of large- and mid-capitalization value sectors of the U.S. equity market. It is a subset of the Russell 1000Â® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$177.54

Average Daily Volume

1,290,846

Number of Holdings ^*

868

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	IWD
30 Days	3.12%	2.00%
60 Days	3.84%	0.77%
90 Days	6.82%	3.73%
12 Months	19.66%	13.60%

486 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in IWD	Overlap
A	D	0.06%	0.16%	0.06%
ABBV	B	0.16%	0.71%	0.16%
ABBV	B	0.35%	0.71%	0.35%
ABT	D	0.09%	0.76%	0.09%
ACGL	D	0.25%	0.15%	0.15%
ACI	F	0.02%	0.04%	0.02%
ACM	D	0.01%	0.05%	0.01%
ACN	D	0.58%	0.83%	0.58%
ADI	B	0.04%	0.49%	0.04%
ADM	C	0.06%	0.13%	0.06%
ADP	F	0.21%	0.03%	0.03%
AEE	C	0.07%	0.08%	0.07%
AEP	C	0.06%	0.2%	0.06%
AES	D	0.01%	0.05%	0.01%
AFG	D	0.02%	0.04%	0.02%
AFL	A	0.1%	0.22%	0.1%
AGCO	F	0.01%	0.03%	0.01%
AIG	C	0.07%	0.22%	0.07%
AIZ	D	0.06%	0.04%	0.04%
AJG	A	0.17%	0.23%	0.17%
AKAM	D	0.12%	0.06%	0.06%
ALB	F	0.01%	0.05%	0.01%
ALGN	F	0.01%	0.03%	0.01%
ALL	D	0.06%	0.15%	0.06%
ALLE	C	0.02%	0.04%	0.02%
ALLY	A	0.02%	0.04%	0.02%
AMAT	C	0.43%	0.07%	0.07%
AMCR	D	0.07%	0.06%	0.06%
AMD	C	0.04%	0.39%	0.04%
AME	C	0.01%	0.17%	0.01%
AMGN	B	0.18%	0.16%	0.16%
AMH	C	0.0%	0.05%	0.0%
AMP	B	0.07%	0.02%	0.02%
ANSS	C	0.01%	0.12%	0.01%
AON	C	0.14%	0.25%	0.14%
AOS	C	0.02%	0.04%	0.02%
APA	D	0.03%	0.05%	0.03%
APD	D	0.02%	0.24%	0.02%
APH	B	0.43%	0.14%	0.14%
APO	A	0.01%	0.07%	0.01%
APTV	F	0.02%	0.08%	0.02%
ARE	B	0.01%	0.09%	0.01%
ATO	B	0.01%	0.07%	0.01%
AVB	C	0.01%	0.12%	0.01%
AVTR	D	0.01%	0.06%	0.01%
AVY	D	0.03%	0.05%	0.03%
AWK	C	0.01%	0.11%	0.01%
AXP	B	0.05%	0.36%	0.05%
AZO	C	0.27%	0.02%	0.02%
BA	D	0.02%	0.39%	0.02%
BAC	A	0.35%	1.2%	0.35%
BALL	D	0.01%	0.08%	0.01%
BAX	D	0.01%	0.07%	0.01%
BBWI	F	0.01%	0.04%	0.01%
BBY	B	0.05%	0.08%	0.05%
BDX	F	0.08%	0.29%	0.08%
BEN	D	0.01%	0.03%	0.01%
BG	B	0.03%	0.07%	0.03%
BIIB	C	0.02%	0.14%	0.02%
BIO	D	0.0%	0.02%	0.0%
BK	A	0.04%	0.2%	0.04%
BKNG	C	0.02%	0.04%	0.02%
BKR	B	0.02%	0.15%	0.02%
BLDR	F	0.04%	0.06%	0.04%
BLK	B	0.2%	0.5%	0.2%
BMRN	C	0.09%	0.07%	0.07%
BMY	F	0.16%	0.35%	0.16%
BR	B	0.04%	0.01%	0.01%
BRK.A	C	0.65%	3.21%	0.65%
BRO	B	0.12%	0.05%	0.05%
BSX	B	0.02%	0.48%	0.02%
BXP	B	0.01%	0.04%	0.01%
C	B	0.24%	0.53%	0.24%
CAG	F	0.04%	0.06%	0.04%
CAH	F	0.11%	0.04%	0.04%
CARR	B	0.02%	0.23%	0.02%
CAT	D	0.32%	0.6%	0.32%
CB	D	0.36%	0.44%	0.36%
CBRE	B	0.02%	0.12%	0.02%
CCI	C	0.01%	0.18%	0.01%
CCK	D	0.01%	0.04%	0.01%
CCL	C	0.01%	0.08%	0.01%
CDW	D	0.09%	0.06%	0.06%
CE	D	0.01%	0.05%	0.01%
CEG	C	0.02%	0.24%	0.02%
CF	F	0.11%	0.06%	0.06%
CFG	A	0.03%	0.07%	0.03%
CG	C	0.01%	0.04%	0.01%
CHD	D	0.19%	0.11%	0.11%
CHK	D	0.02%	0.05%	0.02%
CHRD	D	0.01%	0.05%	0.01%
CHRW	C	0.01%	0.04%	0.01%
CHTR	D	0.04%	0.12%	0.04%
CI	D	0.19%	0.36%	0.19%
CINF	B	0.01%	0.08%	0.01%
CL	B	0.21%	0.15%	0.15%
CLF	F	0.02%	0.02%	0.02%
CMCSA	F	0.15%	0.64%	0.15%
CME	D	0.14%	0.3%	0.14%
CMI	C	0.08%	0.16%	0.08%
CMS	D	0.04%	0.08%	0.04%
CNC	D	0.06%	0.15%	0.06%
CNH	F	0.01%	0.04%	0.01%
CNP	D	0.01%	0.08%	0.01%
COF	C	0.08%	0.23%	0.08%
COIN	D	0.01%	0.03%	0.01%
COP	D	0.11%	0.58%	0.11%
CPB	B	0.09%	0.04%	0.04%
CPRT	B	0.08%	0.01%	0.01%
CPT	B	0.0%	0.05%	0.0%
CRL	D	0.0%	0.04%	0.0%
CRM	F	0.05%	0.16%	0.05%
CSCO	D	0.87%	0.82%	0.82%
CSGP	F	0.0%	0.13%	0.0%
CSL	B	0.03%	0.07%	0.03%
CSX	C	0.11%	0.28%	0.11%
CTAS	B	0.11%	0.01%	0.01%
CTLT	B	0.01%	0.04%	0.01%
CTRA	D	0.02%	0.09%	0.02%
CTSH	C	0.19%	0.15%	0.15%
CTVA	D	0.04%	0.16%	0.04%
CVS	F	0.17%	0.31%	0.17%
CVX	D	0.33%	1.17%	0.33%
CZR	D	0.01%	0.04%	0.01%
D	C	0.05%	0.18%	0.05%
DAL	D	0.01%	0.13%	0.01%
DASH	F	0.0%	0.02%	0.0%
DAY	F	0.0%	0.03%	0.0%
DD	B	0.02%	0.14%	0.02%
DE	F	0.06%	0.4%	0.06%
DELL	C	0.01%	0.13%	0.01%
DFS	B	0.03%	0.14%	0.03%
DG	D	0.02%	0.12%	0.02%
DGX	B	0.1%	0.07%	0.07%
DHI	C	0.09%	0.17%	0.09%
DHR	D	0.05%	0.69%	0.05%
DINO	F	0.06%	0.04%	0.04%
DIS	F	0.09%	0.78%	0.09%
DKS	C	0.02%	0.04%	0.02%
DLR	B	0.02%	0.21%	0.02%
DLTR	F	0.02%	0.09%	0.02%
DOC	B	0.01%	0.06%	0.01%
DOV	C	0.04%	0.1%	0.04%
DOW	F	0.04%	0.16%	0.04%
DPZ	D	0.07%	0.05%	0.05%
DRI	F	0.03%	0.04%	0.03%
DTE	C	0.02%	0.1%	0.02%
DUK	B	0.33%	0.33%	0.33%
DVN	D	0.03%	0.13%	0.03%
EA	B	0.17%	0.16%	0.16%
EBAY	B	0.01%	0.11%	0.01%
ECL	A	0.01%	0.03%	0.01%
ED	D	0.34%	0.13%	0.13%
EFX	C	0.01%	0.1%	0.01%
EG	C	0.06%	0.06%	0.06%
EIX	C	0.02%	0.12%	0.02%
EL	F	0.01%	0.07%	0.01%
ELS	C	0.0%	0.05%	0.0%
ELV	C	0.28%	0.45%	0.28%
EME	D	0.03%	0.05%	0.03%
EMN	D	0.01%	0.05%	0.01%
EMR	B	0.03%	0.27%	0.03%
EOG	B	0.06%	0.31%	0.06%
EPAM	F	0.02%	0.04%	0.02%
EQIX	C	0.01%	0.29%	0.01%
EQR	C	0.01%	0.11%	0.01%
EQT	D	0.01%	0.07%	0.01%
ES	C	0.01%	0.09%	0.01%
ESS	B	0.01%	0.07%	0.01%
ETN	C	0.03%	0.55%	0.03%
ETR	D	0.02%	0.1%	0.02%
ETSY	F	0.0%	0.01%	0.0%
EVRG	C	0.01%	0.05%	0.01%
EW	B	0.1%	0.19%	0.1%
EXAS	F	0.0%	0.02%	0.0%
EXC	D	0.03%	0.15%	0.03%
EXPD	B	0.04%	0.06%	0.04%
EXR	B	0.01%	0.14%	0.01%
F	B	0.11%	0.22%	0.11%
FANG	B	0.1%	0.16%	0.1%
FAST	D	0.07%	0.02%	0.02%
FCNCA	B	0.08%	0.09%	0.08%
FCX	C	0.03%	0.31%	0.03%
FDS	D	0.02%	0.04%	0.02%
FDX	B	0.07%	0.29%	0.07%
FE	C	0.01%	0.1%	0.01%
FFIV	C	0.12%	0.04%	0.04%
FICO	A	0.03%	0.02%	0.02%
FIS	C	0.02%	0.18%	0.02%
FITB	B	0.03%	0.11%	0.03%
FNF	C	0.01%	0.05%	0.01%
FOX	A	0.0%	0.02%	0.0%
FOXA	A	0.01%	0.04%	0.01%
FSLR	D	0.01%	0.11%	0.01%
FTNT	D	0.0%	0.03%	0.0%
FTV	D	0.01%	0.11%	0.01%
GD	D	0.18%	0.34%	0.18%
GE	D	0.3%	0.6%	0.3%
GEHC	C	0.02%	0.13%	0.02%
GEV	B	0.01%	0.2%	0.01%
GGG	D	0.02%	0.06%	0.02%
GILD	C	0.19%	0.36%	0.19%
GIS	D	0.33%	0.15%	0.15%
GLPI	B	0.01%	0.05%	0.01%
GLW	B	0.02%	0.13%	0.02%
GM	B	0.16%	0.23%	0.16%
GPC	D	0.06%	0.08%	0.06%
GPN	F	0.02%	0.11%	0.02%
GRMN	C	0.04%	0.11%	0.04%
GS	A	0.14%	0.47%	0.14%
GWW	D	0.09%	0.02%	0.02%
H	B	0.0%	0.02%	0.0%
HAL	F	0.02%	0.13%	0.02%
HBAN	C	0.02%	0.08%	0.02%
HCA	D	0.04%	0.21%	0.04%
HD	C	0.13%	0.29%	0.13%
HES	D	0.01%	0.06%	0.01%
HIG	C	0.02%	0.13%	0.02%
HII	D	0.01%	0.04%	0.01%
HLT	B	0.01%	0.11%	0.01%
HOLX	B	0.01%	0.07%	0.01%
HON	B	0.25%	0.5%	0.25%
HOOD	C	0.0%	0.07%	0.0%
HPE	B	0.04%	0.12%	0.04%
HPQ	C	0.04%	0.11%	0.04%
HRL	F	0.1%	0.04%	0.04%
HSIC	D	0.01%	0.04%	0.01%
HST	D	0.01%	0.05%	0.01%
HSY	D	0.17%	0.1%	0.1%
HUBB	D	0.03%	0.09%	0.03%
HUM	D	0.21%	0.19%	0.19%
HWM	D	0.01%	0.13%	0.01%
IBM	C	0.41%	0.7%	0.41%
ICE	A	0.03%	0.35%	0.03%
IEX	D	0.02%	0.06%	0.02%
IFF	B	0.01%	0.1%	0.01%
ILMN	D	0.0%	0.07%	0.0%
INCY	B	0.12%	0.04%	0.04%
INTC	D	0.13%	0.57%	0.13%
INVH	C	0.01%	0.1%	0.01%
IP	C	0.02%	0.07%	0.02%
IPG	F	0.02%	0.05%	0.02%
IQV	D	0.01%	0.14%	0.01%
IR	B	0.01%	0.16%	0.01%
IRM	B	0.01%	0.05%	0.01%
ITW	D	0.12%	0.19%	0.12%
J	C	0.01%	0.07%	0.01%
JBHT	D	0.02%	0.06%	0.02%
JBL	F	0.01%	0.05%	0.01%
JCI	C	0.02%	0.2%	0.02%
JKHY	D	0.06%	0.05%	0.05%
JNJ	D	1.08%	1.52%	1.08%
JNPR	B	0.12%	0.05%	0.05%
JPM	B	0.54%	2.58%	0.54%
K	D	0.16%	0.06%	0.06%
KDP	D	0.15%	0.15%	0.15%
KEY	B	0.02%	0.06%	0.02%
KEYS	D	0.16%	0.1%	0.1%
KHC	D	0.21%	0.12%	0.12%
KIM	C	0.01%	0.05%	0.01%
KKR	B	0.02%	0.22%	0.02%
KMB	A	0.12%	0.12%	0.12%
KMI	A	0.03%	0.17%	0.03%
KMX	C	0.01%	0.05%	0.01%
KNX	C	0.01%	0.03%	0.01%
KO	B	0.6%	0.45%	0.45%
KR	C	0.28%	0.15%	0.15%
KVUE	F	0.06%	0.15%	0.06%
L	C	0.16%	0.06%	0.06%
LDOS	B	0.01%	0.09%	0.01%
LEN	C	0.08%	0.01%	0.01%
LEN	C	0.08%	0.15%	0.08%
LHX	A	0.02%	0.18%	0.02%
LIN	C	0.06%	0.9%	0.06%
LKQ	D	0.01%	0.05%	0.01%
LMT	D	0.38%	0.29%	0.29%
LNG	B	0.05%	0.08%	0.05%
LNT	B	0.02%	0.06%	0.02%
LOW	C	0.06%	0.53%	0.06%
LSCC	F	0.02%	0.0%	0.0%
LUV	D	0.0%	0.07%	0.0%
LW	F	0.0%	0.03%	0.0%
LYB	F	0.03%	0.11%	0.03%
MAA	B	0.01%	0.07%	0.01%
MAR	C	0.01%	0.24%	0.01%
MAS	C	0.01%	0.06%	0.01%
MCD	D	0.37%	0.73%	0.37%
MCHP	D	0.09%	0.21%	0.09%
MCK	C	0.57%	0.19%	0.19%
MDLZ	F	0.15%	0.38%	0.15%
MDT	D	0.05%	0.44%	0.05%
MET	C	0.04%	0.18%	0.04%
MGM	C	0.01%	0.05%	0.01%
MKC	C	0.01%	0.08%	0.01%
MKL	D	0.12%	0.07%	0.07%
MKTX	D	0.01%	0.03%	0.01%
MLM	D	0.01%	0.13%	0.01%
MMC	A	0.51%	0.39%	0.39%
MMM	B	0.11%	0.2%	0.11%
MNST	D	0.06%	0.03%	0.03%
MO	A	0.03%	0.34%	0.03%
MOH	F	0.06%	0.03%	0.03%
MOS	F	0.02%	0.04%	0.02%
MPC	F	0.2%	0.27%	0.2%
MRNA	D	0.02%	0.16%	0.02%
MRO	B	0.02%	0.07%	0.02%
MRVL	C	0.01%	0.25%	0.01%
MS	A	0.09%	0.47%	0.09%
MSCI	C	0.0%	0.07%	0.0%
MSI	B	0.53%	0.14%	0.14%
MTB	A	0.03%	0.11%	0.03%
MTCH	D	0.0%	0.03%	0.0%
MU	C	0.06%	0.65%	0.06%
NDAQ	B	0.01%	0.1%	0.01%
NDSN	D	0.02%	0.06%	0.02%
NEE	C	0.05%	0.64%	0.05%
NEM	A	0.04%	0.22%	0.04%
NI	A	0.01%	0.06%	0.01%
NKE	F	0.17%	0.15%	0.15%
NOC	F	0.29%	0.26%	0.26%
NRG	D	0.01%	0.04%	0.01%
NSC	D	0.02%	0.21%	0.02%
NTAP	B	0.05%	0.06%	0.05%
NTRS	B	0.01%	0.07%	0.01%
NUE	D	0.05%	0.16%	0.05%
NVR	B	0.04%	0.1%	0.04%
NWSA	A	0.01%	0.05%	0.01%
O	C	0.02%	0.2%	0.02%
OC	C	0.03%	0.06%	0.03%
OKE	A	0.02%	0.21%	0.02%
OKTA	D	0.0%	0.03%	0.0%
OMC	C	0.04%	0.07%	0.04%
ON	D	0.02%	0.13%	0.02%
ORLY	C	0.21%	0.02%	0.02%
OTIS	B	0.01%	0.17%	0.01%
OVV	D	0.02%	0.06%	0.02%
OXY	D	0.04%	0.17%	0.04%
PARA	D	0.02%	0.03%	0.02%
PATH	F	0.0%	0.0%	0.0%
PAYC	F	0.01%	0.01%	0.01%
PAYX	F	0.08%	0.1%	0.08%
PCAR	D	0.11%	0.23%	0.11%
PCG	C	0.03%	0.16%	0.03%
PEG	B	0.02%	0.16%	0.02%
PEP	D	0.82%	0.2%	0.2%
PFE	C	0.21%	0.68%	0.21%
PFG	C	0.02%	0.08%	0.02%
PG	D	0.94%	1.3%	0.94%
PGR	B	0.29%	0.08%	0.08%
PH	C	0.02%	0.28%	0.02%
PHM	C	0.05%	0.09%	0.05%
PKG	C	0.03%	0.07%	0.03%
PLD	C	0.05%	0.45%	0.05%
PM	A	0.06%	0.68%	0.06%
PNC	A	0.07%	0.27%	0.07%
PNR	D	0.02%	0.05%	0.02%
PPG	D	0.02%	0.13%	0.02%
PPL	D	0.01%	0.09%	0.01%
PRU	A	0.04%	0.18%	0.04%
PSA	B	0.07%	0.17%	0.07%
PSTG	B	0.0%	0.01%	0.0%
PSX	D	0.15%	0.26%	0.15%
PTC	C	0.08%	0.04%	0.04%
PWR	D	0.01%	0.11%	0.01%
PYPL	D	0.03%	0.27%	0.03%
QCOM	C	0.42%	0.06%	0.06%
QGEN	D	0.0%	0.04%	0.0%
QRVO	B	0.01%	0.05%	0.01%
RCL	B	0.0%	0.1%	0.0%
REG	B	0.01%	0.05%	0.01%
REGN	B	0.43%	0.42%	0.42%
RF	A	0.03%	0.08%	0.03%
RGEN	F	0.0%	0.02%	0.0%
RIVN	C	0.0%	0.05%	0.0%
RJF	D	0.01%	0.1%	0.01%
RMD	D	0.04%	0.09%	0.04%
ROK	C	0.06%	0.12%	0.06%
ROKU	D	0.0%	0.03%	0.0%
ROP	C	0.51%	0.26%	0.26%
ROST	A	0.02%	0.16%	0.02%
RPM	D	0.0%	0.05%	0.0%
RPRX	D	0.01%	0.04%	0.01%
RS	C	0.01%	0.07%	0.01%
RSG	A	0.44%	0.17%	0.17%
RTX	D	0.08%	0.58%	0.08%
SBAC	C	0.01%	0.09%	0.01%
SBUX	F	0.03%	0.08%	0.03%
SCHW	C	0.04%	0.43%	0.04%
SEIC	C	0.01%	0.03%	0.01%
SHW	C	0.11%	0.03%	0.03%
SJM	F	0.07%	0.05%	0.05%
SLB	D	0.03%	0.29%	0.03%
SNA	D	0.03%	0.06%	0.03%
SO	B	0.42%	0.37%	0.37%
SOLV	F	0.02%	0.03%	0.02%
SPG	B	0.02%	0.15%	0.02%
SPGI	A	0.03%	0.61%	0.03%
SQ	D	0.01%	0.09%	0.01%
SRE	B	0.03%	0.21%	0.03%
SSNC	B	0.01%	0.06%	0.01%
STE	D	0.01%	0.09%	0.01%
STLD	C	0.02%	0.08%	0.02%
STT	B	0.03%	0.1%	0.03%
STZ	B	0.01%	0.17%	0.01%
SUI	C	0.01%	0.06%	0.01%
SWK	D	0.01%	0.05%	0.01%
SWKS	B	0.03%	0.07%	0.03%
SYF	A	0.03%	0.08%	0.03%
SYK	C	0.03%	0.36%	0.03%
SYY	D	0.03%	0.06%	0.03%
T	B	0.33%	0.58%	0.33%
TAP	F	0.01%	0.04%	0.01%
TDG	D	0.01%	0.24%	0.01%
TDY	D	0.05%	0.08%	0.05%
TECH	D	0.0%	0.05%	0.0%
TER	B	0.04%	0.01%	0.01%
TFC	A	0.08%	0.22%	0.08%
TFX	C	0.0%	0.04%	0.0%
TGT	C	0.14%	0.29%	0.14%
TJX	A	0.33%	0.22%	0.22%
TMO	D	0.06%	0.88%	0.06%
TMUS	B	0.59%	0.37%	0.37%
TRMB	C	0.01%	0.06%	0.01%
TROW	B	0.05%	0.11%	0.05%
TRU	B	0.01%	0.06%	0.01%
TRV	D	0.24%	0.2%	0.2%
TSN	D	0.13%	0.07%	0.07%
TT	A	0.13%	0.21%	0.13%
TTC	C	0.02%	0.04%	0.02%
TTWO	F	0.01%	0.11%	0.01%
TW	D	0.0%	0.03%	0.0%
TWLO	F	0.0%	0.03%	0.0%
TXN	B	0.49%	0.69%	0.49%
TXT	C	0.01%	0.07%	0.01%
TYL	B	0.0%	0.01%	0.0%
U	F	0.0%	0.01%	0.0%
UDR	B	0.0%	0.06%	0.0%
UHAL	D	0.01%	0.01%	0.01%
UHAL	D	0.01%	0.0%	0.0%
UHS	B	0.01%	0.05%	0.01%
ULTA	D	0.07%	0.01%	0.01%
UNH	D	1.15%	1.81%	1.15%
UNP	D	0.26%	0.31%	0.26%
UPS	F	0.07%	0.43%	0.07%
URI	C	0.02%	0.14%	0.02%
USB	B	0.08%	0.27%	0.08%
UTHR	B	0.13%	0.06%	0.06%
VICI	C	0.02%	0.12%	0.02%
VLO	D	0.09%	0.22%	0.09%
VLTO	D	0.04%	0.06%	0.04%
VMC	C	0.01%	0.1%	0.01%
VRSN	D	0.14%	0.06%	0.06%
VRTX	A	0.45%	0.26%	0.26%
VTR	A	0.01%	0.09%	0.01%
VTRS	C	0.02%	0.05%	0.02%
VZ	B	0.59%	0.75%	0.59%
WAB	D	0.01%	0.12%	0.01%
WAT	D	0.03%	0.03%	0.03%
WBA	F	0.05%	0.03%	0.03%
WBD	F	0.05%	0.08%	0.05%
WDC	B	0.01%	0.11%	0.01%
WEC	D	0.16%	0.11%	0.11%
WELL	B	0.02%	0.27%	0.02%
WFC	B	0.24%	0.92%	0.24%
WLK	D	0.0%	0.02%	0.0%
WMB	B	0.15%	0.22%	0.15%
WMT	B	0.64%	1.28%	0.64%
WPC	C	0.01%	0.05%	0.01%
WRB	D	0.13%	0.07%	0.07%
WRK	C	0.02%	0.05%	0.02%
WSM	C	0.04%	0.03%	0.03%
WSO	B	0.03%	0.07%	0.03%
WST	D	0.04%	0.04%	0.04%
WTRG	C	0.01%	0.04%	0.01%
WTW	B	0.06%	0.11%	0.06%
WY	D	0.01%	0.09%	0.01%
WYNN	F	0.0%	0.04%	0.0%
XEL	D	0.07%	0.13%	0.07%
XOM	D	0.47%	2.22%	0.47%
XYL	D	0.01%	0.14%	0.01%
YUM	F	0.15%	0.1%	0.1%
Z	C	0.0%	0.03%	0.0%
ZBH	F	0.01%	0.09%	0.01%
ZBRA	B	0.01%	0.05%	0.01%
ZM	F	0.01%	0.06%	0.01%
ZTS	C	0.16%	0.06%	0.06%

QWLD Overweight 127 Positions Relative to IWD

Symbol	Grade	Weight
MSFT	C	2.63%
AAPL	B	2.62%
NVDA	C	2.36%
META	C	1.99%
LLY	B	1.42%
GOOGL	C	1.18%
V	F	1.09%
GOOG	C	1.04%
NVS	B	0.85%
COST	C	0.75%
MA	D	0.63%
MRK	C	0.57%
WM	B	0.52%
ADBE	C	0.49%
NFLX	C	0.47%
AMZN	C	0.37%
LRCX	C	0.29%
WCN	B	0.27%
INTU	C	0.26%
UL	A	0.26%
MFG	B	0.22%
ORCL	B	0.21%
KLAC	B	0.21%
CBOE	F	0.21%
ISRG	B	0.21%
GDDY	C	0.2%
ANET	C	0.19%
TM	F	0.18%
PANW	C	0.17%
CHKP	B	0.17%
BAH	B	0.16%
CDNS	C	0.15%
MUFG	B	0.14%
SNPS	B	0.14%
DEO	F	0.13%
TSLA	C	0.13%
NBIX	B	0.13%
E	D	0.13%
CMG	D	0.13%
MCO	A	0.12%
AVGO	B	0.12%
TD	D	0.12%
STLA	F	0.12%
ERIE	D	0.11%
CNI	D	0.11%
BCS	A	0.1%
SMFG	B	0.1%
TEL	A	0.09%
LYG	A	0.09%
LOGI	D	0.08%
SONY	B	0.08%
ADSK	C	0.08%
IDXX	D	0.08%
ROL	C	0.08%
HMC	F	0.08%
SMCI	C	0.07%
ODFL	C	0.07%
LULU	F	0.07%
MPWR	C	0.06%
DECK	D	0.05%
MT	D	0.05%
TSCO	D	0.05%
WDAY	F	0.04%
VEEV	D	0.04%
BTI	A	0.04%
LPLA	D	0.04%
ENPH	F	0.03%
TRGP	A	0.03%
IT	C	0.03%
TPL	B	0.03%
MANH	C	0.03%
NMR	C	0.02%
AER	B	0.02%
BX	B	0.02%
NXPI	B	0.02%
AMT	B	0.02%
POOL	F	0.02%
OTEX	D	0.01%
VRSK	B	0.01%
DVA	C	0.01%
CLX	D	0.01%
BURL	A	0.01%
SE	B	0.01%
CPAY	C	0.01%
EXPE	C	0.01%
CCEP	C	0.01%
STX	B	0.01%
WFG	D	0.01%
VST	C	0.01%
PCTY	F	0.01%
EQH	A	0.01%
ABNB	D	0.01%
BSY	F	0.01%
NOW	C	0.01%
CRBG	C	0.01%
UBER	C	0.01%
CFLT	F	0.0%
IOT	C	0.0%
GLBE	C	0.0%
RBLX	C	0.0%
TOST	D	0.0%
NET	C	0.0%
XRX	F	0.0%
DKNG	F	0.0%
DDOG	C	0.0%
FUTU	D	0.0%
HEI	B	0.0%
DOCU	D	0.0%
APP	C	0.0%
DT	F	0.0%
SNAP	C	0.0%
GRAB	D	0.0%
PODD	C	0.0%
PLTR	B	0.0%
SNOW	F	0.0%
AXON	D	0.0%
TTD	C	0.0%
PINS	D	0.0%
LII	B	0.0%
HEI	B	0.0%
LYV	C	0.0%
CRWD	C	0.0%
VRT	D	0.0%
DXCM	D	0.0%
LVS	F	0.0%
ARES	C	0.0%
ENTG	B	0.0%

QWLD Underweight 383 Positions Relative to IWD

Symbol	Grade	Weight
FI	C	-0.26%
CRH	C	-0.22%
FERG	D	-0.15%
MTD	D	-0.12%
MSTR	D	-0.08%
UAL	D	-0.07%
COO	D	-0.07%
LH	C	-0.07%
NVT	D	-0.06%
IBKR	D	-0.06%
THC	B	-0.06%
RGA	A	-0.06%
GEN	B	-0.06%
RBA	B	-0.06%
ITT	C	-0.05%
RNR	D	-0.05%
BLD	C	-0.05%
FTI	B	-0.05%
CASY	B	-0.05%
BJ	B	-0.05%
CLH	B	-0.05%
TOL	C	-0.05%
USFD	D	-0.05%
RVTY	C	-0.05%
PRI	B	-0.04%
RRC	D	-0.04%
EGP	B	-0.04%
SF	B	-0.04%
ONTO	C	-0.04%
FRT	A	-0.04%
PR	C	-0.04%
SKX	D	-0.04%
OHI	A	-0.04%
APG	C	-0.04%
NYT	B	-0.04%
PFGC	F	-0.04%
FHN	A	-0.04%
MKSI	B	-0.04%
RGLD	A	-0.04%
TTEK	D	-0.04%
DCI	D	-0.04%
SNX	D	-0.04%
PNW	B	-0.04%
EHC	B	-0.04%
ARMK	C	-0.04%
X	C	-0.04%
CVNA	B	-0.04%
UNM	D	-0.04%
DOX	D	-0.04%
RRX	D	-0.04%
FWONK	B	-0.04%
ATR	D	-0.04%
TPR	C	-0.04%
CACI	B	-0.04%
NLY	B	-0.04%
AR	D	-0.04%
REXR	C	-0.04%
COHR	B	-0.04%
CUBE	B	-0.04%
SCI	C	-0.04%
EWBC	C	-0.04%
NTNX	D	-0.04%
WWD	D	-0.04%
CW	B	-0.04%
GXO	D	-0.03%
MHK	C	-0.03%
DAR	F	-0.03%
CART	C	-0.03%
SNV	A	-0.03%
OLLI	A	-0.03%
VNT	C	-0.03%
PNFP	C	-0.03%
SAIC	D	-0.03%
PVH	D	-0.03%
WTFC	B	-0.03%
ESI	B	-0.03%
KD	C	-0.03%
ACHC	F	-0.03%
ADC	B	-0.03%
LFUS	C	-0.03%
XP	F	-0.03%
GWRE	C	-0.03%
FLS	C	-0.03%
MTSI	B	-0.03%
HRB	C	-0.03%
HLI	A	-0.03%
FR	B	-0.03%
ZION	A	-0.03%
JAZZ	F	-0.03%
SSD	C	-0.03%
HR	B	-0.03%
FYBR	B	-0.03%
WMS	D	-0.03%
ARW	D	-0.03%
COKE	C	-0.03%
MTZ	D	-0.03%
RL	C	-0.03%
MIDD	D	-0.03%
FND	F	-0.03%
LEA	F	-0.03%
RHI	F	-0.03%
STAG	B	-0.03%
LSTR	F	-0.03%
GME	C	-0.03%
MTDR	C	-0.03%
AFRM	F	-0.03%
JEF	A	-0.03%
CBSH	B	-0.03%
CMA	A	-0.03%
WEX	F	-0.03%
ALSN	B	-0.03%
AGNC	A	-0.03%
JLL	A	-0.03%
AAL	F	-0.03%
CIEN	F	-0.03%
BRX	B	-0.03%
DTM	B	-0.03%
LAD	D	-0.03%
BERY	C	-0.03%
MSA	B	-0.03%
WAL	B	-0.03%
OSK	D	-0.03%
CRUS	B	-0.03%
BWXT	C	-0.03%
FMC	F	-0.03%
WCC	D	-0.03%
ELAN	F	-0.03%
KEX	B	-0.03%
CR	C	-0.03%
ATI	D	-0.03%
OGE	B	-0.03%
CHE	F	-0.03%
CROX	D	-0.03%
VOYA	D	-0.03%
NOV	C	-0.03%
BWA	F	-0.03%
LECO	F	-0.03%
INGR	D	-0.03%
WBS	C	-0.03%
COLD	C	-0.03%
AYI	D	-0.03%
AXTA	C	-0.03%
AA	D	-0.03%
EVR	A	-0.03%
SWN	D	-0.03%
ORI	C	-0.03%
NNN	A	-0.03%
FCN	C	-0.03%
TKO	C	-0.03%
CGNX	C	-0.03%
GMED	A	-0.03%
BRBR	D	-0.03%
LAMR	C	-0.03%
RBC	C	-0.03%
GPK	D	-0.03%
GNTX	C	-0.03%
KBR	D	-0.03%
GL	D	-0.03%
FBIN	D	-0.03%
ALNY	A	-0.02%
PRGO	F	-0.02%
AAP	F	-0.02%
NEU	D	-0.02%
MSM	F	-0.02%
KMPR	B	-0.02%
LITE	B	-0.02%
ROIV	C	-0.02%
HUN	D	-0.02%
SLGN	D	-0.02%
PSN	C	-0.02%
BYD	C	-0.02%
CPRI	D	-0.02%
KRC	C	-0.02%
ZI	F	-0.02%
S	D	-0.02%
BEPC	C	-0.02%
DBX	F	-0.02%
HOG	D	-0.02%
COTY	F	-0.02%
SN	D	-0.02%
COLB	C	-0.02%
BILL	F	-0.02%
PII	F	-0.02%
AN	C	-0.02%
FLO	F	-0.02%
AGO	C	-0.02%
RYN	F	-0.02%
GNRC	C	-0.02%
FRPT	C	-0.02%
WTM	D	-0.02%
OZK	C	-0.02%
EEFT	D	-0.02%
JHG	B	-0.02%
THG	D	-0.02%
LBRDK	D	-0.02%
AMKR	B	-0.02%
VFC	D	-0.02%
SLM	C	-0.02%
AVT	C	-0.02%
VNO	C	-0.02%
ASH	D	-0.02%
IDA	C	-0.02%
DLB	D	-0.02%
CCCS	D	-0.02%
UGI	D	-0.02%
THO	D	-0.02%
W	F	-0.02%
BC	D	-0.02%
GPS	C	-0.02%
FNB	A	-0.02%
SON	F	-0.02%
WSC	F	-0.02%
M	C	-0.02%
AL	C	-0.02%
NFG	C	-0.02%
AMG	C	-0.02%
OLED	B	-0.02%
ALK	F	-0.02%
MDU	C	-0.02%
CIVI	D	-0.02%
GFS	C	-0.02%
XRAY	F	-0.02%
RITM	C	-0.02%
POST	B	-0.02%
SAIA	D	-0.02%
LNC	B	-0.02%
WH	C	-0.02%
OGN	C	-0.02%
ESAB	D	-0.02%
VMI	B	-0.02%
R	C	-0.02%
FAF	D	-0.02%
WHR	C	-0.02%
HXL	D	-0.02%
RLI	D	-0.02%
AZPN	F	-0.02%
TKR	D	-0.02%
SRCL	B	-0.02%
AXS	B	-0.02%
BFAM	B	-0.02%
PB	C	-0.02%
IVZ	C	-0.02%
OMF	C	-0.02%
OLN	D	-0.02%
BPOP	A	-0.02%
G	D	-0.02%
STWD	C	-0.02%
MAT	F	-0.02%
SOFI	F	-0.02%
ST	C	-0.02%
MTG	A	-0.02%
CFR	C	-0.02%
FIVE	F	-0.01%
ALAB	F	-0.01%
DV	F	-0.01%
UAA	D	-0.01%
DDS	B	-0.01%
UA	D	-0.01%
WEN	D	-0.01%
PPC	C	-0.01%
SHC	D	-0.01%
LYFT	F	-0.01%
AS	F	-0.01%
VSTS	D	-0.01%
LPX	D	-0.01%
LEG	D	-0.01%
CERT	F	-0.01%
REYN	F	-0.01%
AZEK	D	-0.01%
HAYW	D	-0.01%
TRIP	F	-0.01%
EXP	D	-0.01%
LSXMA	D	-0.01%
QDEL	F	-0.01%
GLOB	D	-0.01%
MP	F	-0.01%
QS	D	-0.01%
FTRE	F	-0.01%
RCM	D	-0.01%
LLYVK	C	-0.01%
RKT	C	-0.01%
INFA	D	-0.01%
CWEN	D	-0.01%
HHH	D	-0.01%
VIRT	D	-0.01%
BOKF	B	-0.01%
ZG	C	-0.01%
ADT	C	-0.01%
SAM	D	-0.01%
SIRI	D	-0.01%
JWN	A	-0.01%
CRI	F	-0.01%
BIRK	C	-0.01%
YETI	D	-0.01%
GO	F	-0.01%
BROS	C	-0.01%
CLVT	F	-0.01%
ALGM	C	-0.01%
MASI	F	-0.01%
KSS	D	-0.01%
BRKR	F	-0.01%
IPGP	D	-0.01%
PINC	F	-0.01%
MPW	D	-0.01%
SPB	D	-0.01%
AGR	D	-0.01%
WU	D	-0.01%
COLM	D	-0.01%
VNOM	B	-0.01%
ENOV	F	-0.01%
TPG	C	-0.01%
FHB	B	-0.01%
LCID	D	-0.01%
NWL	F	-0.01%
SEE	D	-0.01%
PAG	C	-0.01%
SMG	D	-0.01%
BHF	D	-0.01%
HIW	B	-0.01%
CNM	D	-0.01%
DNB	D	-0.01%
LOPE	C	-0.01%
AZTA	D	-0.01%
RH	D	-0.01%
CXT	F	-0.01%
VAC	F	-0.01%
NVST	F	-0.01%
NSA	B	-0.01%
IRDM	F	-0.01%
DOCS	C	-0.01%
PLNT	B	-0.01%
LBTYA	C	-0.01%
WOLF	F	-0.01%
TNL	C	-0.01%
PK	F	-0.01%
PENN	C	-0.01%
AM	B	-0.01%
EPR	C	-0.01%
LBTYK	C	-0.01%
AMED	A	-0.01%
CC	F	-0.01%
CNXC	D	-0.01%
NXST	B	-0.01%
GTES	D	-0.01%
NWS	A	-0.01%
AWI	C	-0.01%
DXC	D	-0.01%
MSGS	C	-0.01%
SITE	F	-0.01%
MAN	F	-0.01%
LSXMK	D	-0.01%
SPR	B	-0.01%
CUZ	B	-0.01%
IAC	F	-0.01%
RNAC	F	-0.0%
LOAR	C	-0.0%
UWMC	C	-0.0%
PARAA	C	-0.0%
LAZ	B	-0.0%
UI	C	-0.0%
GRAL	D	-0.0%
IONS	C	-0.0%
CHH	C	-0.0%
PLTK	F	-0.0%
NFE	F	-0.0%
TXG	F	-0.0%
DJT	F	-0.0%
TFSL	C	-0.0%
CACC	C	-0.0%
HCP	B	-0.0%
LBRDA	D	-0.0%
LLYVA	C	-0.0%
SEB	F	-0.0%
PYCR	F	-0.0%
CWEN	D	-0.0%
FWONA	C	-0.0%
NCNO	C	-0.0%
CNA	A	-0.0%
HAS	D	-0.0%
EXEL	B	-0.0%
MTN	F	-0.0%
CAR	F	-0.0%
SNDR	C	-0.0%