QWLD vs. IWF ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to iShares Russell 1000 Growth ETF (IWF)

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

$126.49

Average Daily Volume

3,777

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

IWF

iShares Russell 1000 Growth ETF

IWF Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit growth 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 Growth Index (the "underlying index"), which measures the performance of large- and mid-capitalization growth sectors of the U.S. equity market. It is a subset of the Russell 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$387.55

Average Daily Volume

1,221,974

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	IWF
30 Days	-2.19%	1.92%
60 Days	-0.95%	6.15%
90 Days	1.55%	6.72%
12 Months	22.29%	35.20%

239 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in IWF	Overlap
	AAPL	C	2.5%	11.33%	2.5%
	ABBV	F	0.16%	0.53%	0.16%
	ABBV	F	0.41%	0.53%	0.41%
	ABNB	C	0.01%	0.22%	0.01%
	ADBE	F	0.42%	0.76%	0.42%
	ADP	B	0.26%	0.4%	0.26%
	ADSK	B	0.1%	0.23%	0.1%
	AJG	A	0.18%	0.01%	0.01%
	ALGN	D	0.0%	0.03%	0.0%
	ALL	A	0.07%	0.03%	0.03%
	ALLY	C	0.02%	0.0%	0.0%
	AMAT	F	0.32%	0.51%	0.32%
	AMD	F	0.04%	0.55%	0.04%
	AMGN	D	0.18%	0.46%	0.18%
	AMP	A	0.09%	0.17%	0.09%
	AMT	D	0.02%	0.32%	0.02%
	AMZN	B	0.37%	6.69%	0.37%
	ANET	C	0.21%	0.38%	0.21%
	APH	B	0.43%	0.17%	0.17%
	APO	A	0.02%	0.21%	0.02%
	APP	A	0.0%	0.22%	0.0%
	ARES	B	0.01%	0.11%	0.01%
	AVGO	C	0.12%	2.86%	0.12%
	AVY	D	0.03%	0.02%	0.02%
	AXON	A	0.0%	0.12%	0.0%
	AXP	A	0.06%	0.21%	0.06%
	AZO	C	0.29%	0.17%	0.17%
	BA	F	0.01%	0.06%	0.01%
	BAH	D	0.18%	0.08%	0.08%
	BKNG	A	0.03%	0.54%	0.03%
	BLDR	D	0.04%	0.01%	0.01%
	BR	A	0.04%	0.08%	0.04%
	BRO	B	0.14%	0.04%	0.04%
	BSY	D	0.01%	0.02%	0.01%
	BURL	C	0.01%	0.06%	0.01%
	BX	A	0.03%	0.43%	0.03%
	CAH	B	0.12%	0.06%	0.06%
	CAT	B	0.39%	0.1%	0.1%
	CDNS	B	0.14%	0.28%	0.14%
	CDW	F	0.08%	0.05%	0.05%
	CE	F	0.01%	0.01%	0.01%
	CEG	D	0.02%	0.04%	0.02%
	CI	D	0.17%	0.03%	0.03%
	CL	D	0.19%	0.14%	0.14%
	CLX	A	0.01%	0.07%	0.01%
	CMG	B	0.13%	0.27%	0.13%
	COIN	A	0.01%	0.14%	0.01%
	COR	B	0.42%	0.14%	0.14%
	COST	B	0.75%	1.39%	0.75%
	CPAY	A	0.01%	0.08%	0.01%
	CPRT	A	0.08%	0.16%	0.08%
	CRM	A	0.05%	0.85%	0.05%
	CRWD	B	0.0%	0.26%	0.0%
	CSL	B	0.03%	0.01%	0.01%
	CTAS	B	0.14%	0.25%	0.14%
	DASH	B	0.0%	0.18%	0.0%
	DAY	B	0.0%	0.0%	0.0%
	DDOG	B	0.0%	0.13%	0.0%
	DECK	A	0.05%	0.09%	0.05%
	DELL	C	0.01%	0.02%	0.01%
	DKNG	B	0.0%	0.06%	0.0%
	DKS	D	0.02%	0.0%	0.0%
	DOCU	A	0.0%	0.05%	0.0%
	DPZ	C	0.06%	0.02%	0.02%
	DRI	B	0.03%	0.04%	0.03%
	DT	C	0.0%	0.05%	0.0%
	DVA	C	0.01%	0.03%	0.01%
	DXCM	C	0.0%	0.09%	0.0%
	ECL	D	0.01%	0.18%	0.01%
	EFX	F	0.01%	0.02%	0.01%
	EG	D	0.06%	0.01%	0.01%
	EL	F	0.01%	0.02%	0.01%
	ELV	F	0.22%	0.05%	0.05%
	EME	B	0.04%	0.03%	0.03%
	ENPH	F	0.02%	0.03%	0.02%
	ENTG	F	0.0%	0.06%	0.0%
	EPAM	B	0.02%	0.0%	0.0%
	EQH	B	0.01%	0.05%	0.01%
	EQIX	B	0.01%	0.02%	0.01%
	EQT	A	0.01%	0.01%	0.01%
	EW	C	0.07%	0.03%	0.03%
	EXAS	F	0.0%	0.01%	0.0%
	EXPD	D	0.04%	0.01%	0.01%
	EXPE	A	0.01%	0.08%	0.01%
	FAST	B	0.09%	0.14%	0.09%
	FDS	A	0.03%	0.02%	0.02%
	FI	A	0.08%	0.13%	0.08%
	FICO	A	0.04%	0.15%	0.04%
	FTNT	A	0.01%	0.15%	0.01%
	GDDY	A	0.23%	0.09%	0.09%
	GE	D	0.31%	0.14%	0.14%
	GEHC	D	0.02%	0.01%	0.01%
	GOOG	B	0.95%	3.08%	0.95%
	GOOGL	B	1.08%	3.64%	1.08%
	GS	A	0.17%	0.17%	0.17%
	GWW	A	0.11%	0.15%	0.11%
	H	B	0.0%	0.0%	0.0%
	HCA	D	0.04%	0.06%	0.04%
	HD	A	0.14%	1.08%	0.14%
	HEI	A	0.0%	0.04%	0.0%
	HEI	A	0.0%	0.05%	0.0%
	HEI	A	0.0%	0.04%	0.0%
	HEI	A	0.0%	0.05%	0.0%
	HES	B	0.01%	0.09%	0.01%
	HLT	A	0.01%	0.11%	0.01%
	HON	A	0.25%	0.08%	0.08%
	HPQ	B	0.04%	0.03%	0.03%
	HSY	F	0.16%	0.01%	0.01%
	HWM	A	0.01%	0.01%	0.01%
	IDXX	F	0.07%	0.12%	0.07%
	INCY	B	0.16%	0.0%	0.0%
	INTU	A	0.25%	0.63%	0.25%
	IQV	F	0.01%	0.02%	0.01%
	IRM	D	0.01%	0.07%	0.01%
	ISRG	A	0.25%	0.63%	0.25%
	IT	B	0.04%	0.14%	0.04%
	ITW	B	0.14%	0.1%	0.1%
	JBL	C	0.02%	0.0%	0.0%
	KKR	A	0.02%	0.1%	0.02%
	KLAC	F	0.16%	0.32%	0.16%
	KMB	C	0.11%	0.06%	0.06%
	KMX	B	0.01%	0.0%	0.0%
	KO	D	0.57%	0.49%	0.49%
	LII	B	0.0%	0.07%	0.0%
	LLY	F	1.17%	2.19%	1.17%
	LMT	D	0.43%	0.13%	0.13%
	LNG	A	0.05%	0.08%	0.05%
	LPLA	A	0.04%	0.08%	0.04%
	LRCX	F	0.2%	0.36%	0.2%
	LULU	C	0.07%	0.13%	0.07%
	LVS	C	0.0%	0.06%	0.0%
	LW	C	0.0%	0.01%	0.0%
	LYV	A	0.0%	0.07%	0.0%
	MA	A	0.7%	1.47%	0.7%
	MANH	D	0.04%	0.06%	0.04%
	MCD	D	0.41%	0.05%	0.05%
	MCK	A	0.51%	0.12%	0.12%
	MCO	C	0.12%	0.25%	0.12%
	META	C	2.14%	4.44%	2.14%
	MKL	A	0.12%	0.02%	0.02%
	MLM	B	0.01%	0.01%	0.01%
	MMC	C	0.51%	0.05%	0.05%
	MMM	D	0.14%	0.05%	0.05%
	MNST	D	0.07%	0.11%	0.07%
	MOH	F	0.06%	0.04%	0.04%
	MPWR	F	0.06%	0.12%	0.06%
	MRK	F	0.44%	0.88%	0.44%
	MRVL	B	0.01%	0.02%	0.01%
	MS	A	0.11%	0.03%	0.03%
	MSCI	A	0.0%	0.09%	0.0%
	MSFT	D	2.29%	10.84%	2.29%
	MSI	A	0.61%	0.13%	0.13%
	MSTR	B	0.0%	0.01%	0.0%
	NBIX	D	0.11%	0.04%	0.04%
	NET	C	0.0%	0.1%	0.0%
	NFLX	A	0.51%	1.17%	0.51%
	NKE	D	0.16%	0.19%	0.16%
	NOW	B	0.01%	0.71%	0.01%
	NRG	B	0.02%	0.03%	0.02%
	NTAP	D	0.04%	0.04%	0.04%
	NVDA	B	2.56%	11.94%	2.56%
	ODFL	B	0.08%	0.15%	0.08%
	OKTA	D	0.0%	0.02%	0.0%
	ORCL	A	0.25%	1.0%	0.25%
	ORLY	A	0.24%	0.22%	0.22%
	PANW	B	0.18%	0.41%	0.18%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	B	0.1%	0.06%	0.06%
	PEP	F	0.79%	0.61%	0.61%
	PG	C	0.89%	0.29%	0.29%
	PGR	B	0.35%	0.43%	0.35%
	PINS	F	0.0%	0.07%	0.0%
	PLTR	A	0.0%	0.39%	0.0%
	PODD	A	0.0%	0.06%	0.0%
	POOL	D	0.03%	0.05%	0.03%
	PSA	C	0.08%	0.03%	0.03%
	PSTG	F	0.0%	0.05%	0.0%
	PTC	B	0.08%	0.05%	0.05%
	PWR	A	0.01%	0.05%	0.01%
	QCOM	F	0.34%	0.62%	0.34%
	RBLX	B	0.0%	0.09%	0.0%
	RCL	A	0.01%	0.06%	0.01%
	REGN	F	0.33%	0.02%	0.02%
	RMD	C	0.05%	0.03%	0.03%
	ROK	A	0.06%	0.01%	0.01%
	ROKU	D	0.0%	0.0%	0.0%
	ROL	A	0.08%	0.05%	0.05%
	ROST	D	0.02%	0.04%	0.02%
	RPM	A	0.01%	0.01%	0.01%
	SBUX	A	0.04%	0.29%	0.04%
	SCHW	A	0.04%	0.04%	0.04%
	SHW	B	0.14%	0.28%	0.14%
	SMCI	F	0.02%	0.04%	0.02%
	SNOW	C	0.0%	0.13%	0.0%
	SNPS	C	0.13%	0.3%	0.13%
	SPG	A	0.02%	0.05%	0.02%
	SQ	A	0.01%	0.06%	0.01%
	SYK	A	0.03%	0.14%	0.03%
	SYY	D	0.03%	0.08%	0.03%
	TDG	D	0.01%	0.05%	0.01%
	TER	F	0.03%	0.05%	0.03%
	TJX	A	0.33%	0.27%	0.27%
	TOST	A	0.0%	0.05%	0.0%
	TPL	A	0.05%	0.09%	0.05%
	TRGP	A	0.04%	0.14%	0.04%
	TRU	D	0.01%	0.0%	0.0%
	TSCO	D	0.06%	0.11%	0.06%
	TSLA	B	0.14%	2.83%	0.14%
	TT	A	0.14%	0.1%	0.1%
	TTD	B	0.0%	0.2%	0.0%
	TW	B	0.0%	0.02%	0.0%
	TWLO	A	0.01%	0.01%	0.01%
	TXN	C	0.51%	0.08%	0.08%
	TYL	B	0.0%	0.08%	0.0%
	UBER	C	0.01%	0.5%	0.01%
	UHAL	D	0.01%	0.01%	0.01%
	UHAL	D	0.01%	0.0%	0.0%
	ULTA	D	0.07%	0.06%	0.06%
	UNH	B	1.34%	0.13%	0.13%
	UNP	D	0.27%	0.24%	0.24%
	URI	B	0.02%	0.05%	0.02%
	V	A	1.19%	1.65%	1.19%
	VEEV	C	0.05%	0.11%	0.05%
	VLTO	D	0.05%	0.04%	0.04%
	VMC	B	0.01%	0.03%	0.01%
	VRSK	B	0.01%	0.14%	0.01%
	VRSN	D	0.14%	0.0%	0.0%
	VRT	A	0.0%	0.15%	0.0%
	VRTX	C	0.45%	0.22%	0.22%
	VST	A	0.01%	0.16%	0.01%
	WAT	B	0.04%	0.05%	0.04%
	WDAY	B	0.04%	0.19%	0.04%
	WM	B	0.52%	0.3%	0.3%
	WSM	F	0.03%	0.03%	0.03%
	WST	C	0.04%	0.05%	0.04%
	WYNN	D	0.0%	0.0%	0.0%
	YUM	D	0.15%	0.05%	0.05%
	ZBRA	B	0.01%	0.01%	0.01%
	ZTS	D	0.15%	0.23%	0.15%

QWLD Overweight 373 Positions Relative to IWF

	Symbol	Grade	Weight
	JNJ	D	1.11%
	CSCO	B	1.02%
	NVS	D	0.81%
	WMT	A	0.75%
	TMUS	A	0.73%
	BRK.A	A	0.72%
	ACN	C	0.65%
	JPM	A	0.59%
	VZ	C	0.56%
	ROP	C	0.49%
	IBM	D	0.48%
	XOM	B	0.47%
	RSG	B	0.45%
	SO	C	0.45%
	BAC	A	0.38%
	T	A	0.38%
	CB	C	0.38%
	ED	D	0.36%
	DUK	C	0.36%
	NOC	D	0.33%
	GIS	D	0.33%
	KR	B	0.32%
	CVX	A	0.31%
	TRV	A	0.29%
	WFC	A	0.27%
	UL	D	0.27%
	WCN	A	0.26%
	C	A	0.25%
	GILD	B	0.25%
	HSBH	A	0.25%
	ACGL	C	0.25%
	CBOE	D	0.24%
	MFG	A	0.22%
	K	B	0.22%
	BMY	B	0.21%
	CTSH	B	0.21%
	KHC	F	0.21%
	WMB	A	0.19%
	GD	D	0.19%
	EA	A	0.19%
	PFE	F	0.19%
	WEC	A	0.19%
	GM	A	0.18%
	KEYS	C	0.18%
	CHD	A	0.18%
	CVS	F	0.18%
	L	A	0.17%
	AON	A	0.17%
	MPC	D	0.17%
	CHKP	D	0.17%
	CMCSA	B	0.17%
	HUM	F	0.16%
	UTHR	B	0.16%
	FFIV	B	0.16%
	MDLZ	F	0.15%
	CME	A	0.15%
	TGT	D	0.14%
	KDP	D	0.14%
	WRB	A	0.14%
	TM	F	0.14%
	JNPR	D	0.13%
	AKAM	F	0.13%
	PSX	C	0.13%
	TSN	A	0.13%
	MUFG	A	0.13%
	FCNCA	A	0.12%
	GEN	B	0.12%
	CSX	B	0.12%
	AFL	C	0.12%
	TD	D	0.12%
	E	F	0.12%
	ERIE	F	0.12%
	CF	A	0.12%
	DHI	D	0.11%
	DEO	F	0.11%
	BCS	A	0.11%
	PCAR	B	0.11%
	SMFG	A	0.1%
	COP	C	0.1%
	COF	A	0.1%
	DGX	A	0.1%
	CNI	F	0.1%
	INTC	C	0.1%
	LEN	D	0.09%
	LYG	C	0.09%
	TFC	A	0.09%
	FANG	D	0.09%
	RTX	D	0.09%
	CPB	D	0.09%
	ABT	B	0.09%
	PNC	A	0.09%
	USB	B	0.09%
	HRL	D	0.09%
	F	C	0.09%
	CMI	A	0.09%
	AMCR	C	0.08%
	KVUE	A	0.08%
	AIZ	A	0.08%
	BDX	F	0.08%
	SONY	D	0.08%
	XEL	A	0.08%
	DIS	A	0.08%
	STLA	F	0.08%
	AEE	A	0.08%
	A	D	0.07%
	JKHY	D	0.07%
	FDX	A	0.07%
	PM	A	0.07%
	UPS	C	0.07%
	AEP	C	0.07%
	AIG	B	0.07%
	HMC	F	0.07%
	BMRN	F	0.07%
	LOW	A	0.07%
	WTW	B	0.07%
	SJM	F	0.07%
	VLO	C	0.07%
	CHTR	B	0.06%
	D	C	0.06%
	TDY	B	0.06%
	WBD	B	0.06%
	LOGI	F	0.06%
	MDT	D	0.06%
	LIN	D	0.06%
	PHM	D	0.06%
	DE	D	0.06%
	TMO	D	0.06%
	NVR	D	0.06%
	MCHP	F	0.06%
	CTVA	D	0.05%
	MTB	A	0.05%
	ADM	D	0.05%
	DOV	A	0.05%
	PRU	A	0.05%
	DINO	D	0.05%
	MT	B	0.05%
	NUE	D	0.05%
	CMS	C	0.05%
	MET	A	0.05%
	CNC	F	0.05%
	BK	A	0.05%
	GPC	D	0.05%
	DHR	D	0.05%
	TROW	A	0.05%
	NEE	C	0.05%
	BBY	C	0.05%
	GRMN	B	0.05%
	EOG	A	0.05%
	SNA	A	0.04%
	KMI	A	0.04%
	HPE	B	0.04%
	DOW	F	0.04%
	NEM	F	0.04%
	PKG	B	0.04%
	SYF	A	0.04%
	ADI	D	0.04%
	MO	A	0.04%
	CFG	A	0.04%
	WBA	F	0.04%
	HUBB	B	0.04%
	PYPL	A	0.04%
	CAG	F	0.04%
	PLD	D	0.04%
	OMC	C	0.04%
	DFS	A	0.04%
	MU	D	0.04%
	BTI	C	0.04%
	KEY	A	0.03%
	LHX	B	0.03%
	LNT	A	0.03%
	ETR	A	0.03%
	VTRS	A	0.03%
	GGG	A	0.03%
	DVN	F	0.03%
	FCX	F	0.03%
	STLD	B	0.03%
	APD	A	0.03%
	IEX	B	0.03%
	APA	F	0.03%
	LYB	F	0.03%
	CBRE	B	0.03%
	PNR	A	0.03%
	HIG	C	0.03%
	JCI	A	0.03%
	ICE	D	0.03%
	SW	A	0.03%
	SWKS	F	0.03%
	OKE	A	0.03%
	JBHT	B	0.03%
	NSC	B	0.03%
	ETN	A	0.03%
	EMR	A	0.03%
	SLB	C	0.03%
	OC	A	0.03%
	HBAN	A	0.03%
	EXC	C	0.03%
	SOLV	C	0.03%
	PCG	A	0.03%
	WSO	A	0.03%
	RF	A	0.03%
	STT	A	0.03%
	FITB	A	0.03%
	SRE	A	0.03%
	OXY	F	0.03%
	SPGI	C	0.03%
	PARA	C	0.02%
	ACI	C	0.02%
	HAL	C	0.02%
	NMR	B	0.02%
	CNH	D	0.02%
	WY	D	0.02%
	TTC	D	0.02%
	MKTX	C	0.02%
	NXPI	F	0.02%
	SEIC	A	0.02%
	AOS	F	0.02%
	NTRS	A	0.02%
	RS	B	0.02%
	OVV	C	0.02%
	DTE	C	0.02%
	CINF	A	0.02%
	FIS	B	0.02%
	AFG	A	0.02%
	AER	B	0.02%
	RJF	A	0.02%
	CTRA	A	0.02%
	LH	B	0.02%
	DLR	A	0.02%
	MOS	D	0.02%
	PFG	C	0.02%
	WELL	A	0.02%
	VICI	C	0.02%
	CARR	D	0.02%
	PH	A	0.02%
	PEG	C	0.02%
	MRO	A	0.02%
	GPN	B	0.02%
	GLW	B	0.02%
	NDSN	B	0.02%
	O	D	0.02%
	IP	A	0.02%
	DD	D	0.02%
	BSX	B	0.02%
	BKR	A	0.02%
	ALLE	D	0.02%
	IPG	F	0.02%
	GEV	A	0.02%
	EIX	C	0.02%
	BG	D	0.02%
	MGM	D	0.01%
	CTLT	C	0.01%
	WTRG	C	0.01%
	FSLR	F	0.01%
	SBAC	D	0.01%
	FBIN	D	0.01%
	RPRX	F	0.01%
	GLPI	D	0.01%
	HST	D	0.01%
	TTWO	A	0.01%
	FOX	A	0.01%
	HII	F	0.01%
	TRMB	A	0.01%
	REG	A	0.01%
	NWSA	B	0.01%
	STE	D	0.01%
	CCL	A	0.01%
	SUI	D	0.01%
	MBAVU	A	0.01%
	WPC	D	0.01%
	AVTR	F	0.01%
	MAS	D	0.01%
	INVH	D	0.01%
	ESS	A	0.01%
	BEN	C	0.01%
	MKC	D	0.01%
	HSIC	D	0.01%
	DAL	A	0.01%
	STX	D	0.01%
	AES	F	0.01%
	CCEP	D	0.01%
	MAA	A	0.01%
	CG	B	0.01%
	DOC	D	0.01%
	XYL	D	0.01%
	ZM	B	0.01%
	ACM	B	0.01%
	STZ	D	0.01%
	BXP	D	0.01%
	RVTY	D	0.01%
	AGCO	D	0.01%
	CHRD	F	0.01%
	CCK	D	0.01%
	BALL	D	0.01%
	DLTR	F	0.01%
	SE	B	0.01%
	SSNC	D	0.01%
	FTV	D	0.01%
	ARE	D	0.01%
	AWK	C	0.01%
	LKQ	D	0.01%
	WFG	D	0.01%
	IR	A	0.01%
	VTR	C	0.01%
	EMN	C	0.01%
	ALB	C	0.01%
	NI	A	0.01%
	NDAQ	A	0.01%
	KNX	B	0.01%
	KIM	A	0.01%
	HOLX	D	0.01%
	OTIS	D	0.01%
	TXT	D	0.01%
	IFF	D	0.01%
	MRNA	F	0.01%
	EQR	C	0.01%
	WDC	F	0.01%
	UHS	D	0.01%
	EBAY	D	0.01%
	CNP	A	0.01%
	APTV	F	0.01%
	FNF	C	0.01%
	AVB	A	0.01%
	ZBH	C	0.01%
	LDOS	C	0.01%
	EVRG	A	0.01%
	J	D	0.01%
	MAR	A	0.01%
	TAP	A	0.01%
	ATO	A	0.01%
	CHRW	A	0.01%
	AME	A	0.01%
	FOXA	A	0.01%
	DG	F	0.01%
	WAB	B	0.01%
	EXR	C	0.01%
	CRBG	B	0.01%
	FE	C	0.01%
	SWK	F	0.01%
	BIIB	F	0.01%
	PPL	A	0.01%
	ES	C	0.01%
	CCI	D	0.01%
	BAX	F	0.01%
	PPG	F	0.01%
	MELI	D	0.01%
	ON	F	0.01%
	GLBE	B	0.0%
	IOT	B	0.0%
	XRX	F	0.0%
	SNAP	D	0.0%
	FUTU	C	0.0%
	GRAB	A	0.0%
	TECH	D	0.0%
	Z	A	0.0%
	HOOD	A	0.0%
	ELS	B	0.0%
	RIVN	F	0.0%
	LUV	A	0.0%
	WLK	F	0.0%
	QGEN	D	0.0%
	BBWI	C	0.0%
	UDR	C	0.0%
	CSGP	F	0.0%
	TFX	F	0.0%
	AMH	C	0.0%
	MTCH	F	0.0%
	OTEX	F	0.0%
	ANSS	B	0.0%
	CRL	D	0.0%
	CPT	D	0.0%
	BIO	C	0.0%
	ILMN	C	0.0%
	QRVO	F	0.0%

QWLD Underweight 155 Positions Relative to IWF

	Symbol	Grade	Weight
	SPOT	A	-0.2%
	TEAM	A	-0.13%
	HUBS	A	-0.11%
	CPNG	C	-0.1%
	ALNY	D	-0.1%
	MDB	C	-0.07%
	XPO	B	-0.06%
	ZS	B	-0.06%
	NTRA	B	-0.05%
	FIX	A	-0.05%
	CAVA	B	-0.04%
	SRPT	F	-0.04%
	OWL	A	-0.04%
	NCLH	B	-0.04%
	DUOL	B	-0.04%
	TXRH	A	-0.04%
	RYAN	A	-0.03%
	GWRE	B	-0.03%
	GLOB	C	-0.03%
	PCOR	B	-0.03%
	SMAR	A	-0.03%
	TREX	C	-0.03%
	HAS	D	-0.03%
	EXP	B	-0.03%
	AAON	A	-0.03%
	SAIA	B	-0.03%
	EXEL	B	-0.03%
	PEN	B	-0.03%
	MEDP	D	-0.03%
	TPX	A	-0.03%
	CVNA	A	-0.03%
	MORN	B	-0.03%
	LNW	D	-0.03%
	PCTY	B	-0.03%
	ITCI	B	-0.03%
	MUSA	A	-0.03%
	WING	F	-0.03%
	KNSL	C	-0.03%
	CHDN	C	-0.03%
	LYFT	B	-0.02%
	PLNT	A	-0.02%
	RARE	F	-0.02%
	AZEK	B	-0.02%
	NTNX	A	-0.02%
	LPX	A	-0.02%
	PATH	D	-0.02%
	APPF	C	-0.02%
	CELH	F	-0.02%
	GNRC	B	-0.02%
	MTN	C	-0.02%
	VVV	B	-0.02%
	IONS	F	-0.02%
	CNM	F	-0.02%
	INSP	F	-0.02%
	FWONK	B	-0.02%
	FOUR	B	-0.02%
	LAZ	B	-0.02%
	ELF	C	-0.02%
	WFRD	F	-0.02%
	LSCC	D	-0.02%
	CFLT	C	-0.02%
	ESTC	C	-0.02%
	GTLB	B	-0.02%
	VKTX	F	-0.02%
	CIVI	F	-0.01%
	LOPE	B	-0.01%
	DV	C	-0.01%
	VNOM	B	-0.01%
	BILL	A	-0.01%
	WEN	C	-0.01%
	HRB	D	-0.01%
	PFGC	B	-0.01%
	SOFI	A	-0.01%
	BROS	A	-0.01%
	AM	A	-0.01%
	DBX	C	-0.01%
	CLF	F	-0.01%
	PR	C	-0.01%
	NCNO	B	-0.01%
	WSC	F	-0.01%
	ONTO	F	-0.01%
	CACC	D	-0.01%
	AWI	A	-0.01%
	BWXT	A	-0.01%
	FRPT	B	-0.01%
	NXST	D	-0.01%
	FIVN	C	-0.01%
	SITE	D	-0.01%
	LBRDK	B	-0.01%
	CASY	B	-0.01%
	TTEK	D	-0.01%
	TDC	F	-0.01%
	FERG	D	-0.01%
	U	F	-0.01%
	LAMR	D	-0.01%
	APLS	F	-0.01%
	RNG	B	-0.01%
	LECO	C	-0.01%
	CHH	A	-0.01%
	JEF	A	-0.01%
	MASI	A	-0.01%
	HCP	B	-0.01%
	PEGA	B	-0.01%
	FND	F	-0.01%
	JLL	C	-0.01%
	FIVE	F	-0.01%
	ETSY	D	-0.01%
	BRKR	F	-0.01%
	WMS	F	-0.01%
	OLED	F	-0.01%
	FTRE	D	-0.0%
	TRIP	D	-0.0%
	ALAB	B	-0.0%
	PYCR	C	-0.0%
	PPC	B	-0.0%
	CC	C	-0.0%
	SEE	B	-0.0%
	IRDM	C	-0.0%
	NFE	F	-0.0%
	MSGS	B	-0.0%
	DOCS	C	-0.0%
	CGNX	D	-0.0%
	UWMC	F	-0.0%
	LBRDA	B	-0.0%
	RLI	A	-0.0%
	SPR	D	-0.0%
	MKSI	D	-0.0%
	UI	A	-0.0%
	MTDR	C	-0.0%
	WU	F	-0.0%
	SAM	B	-0.0%
	FWONA	B	-0.0%
	AAL	B	-0.0%
	WH	A	-0.0%
	CAR	C	-0.0%
	BPOP	C	-0.0%
	WEX	F	-0.0%
	SSD	D	-0.0%
	SKX	D	-0.0%
	LOAR	B	-0.0%
	KBR	D	-0.0%
	CHE	D	-0.0%
	HLI	A	-0.0%
	BLD	F	-0.0%
	RH	C	-0.0%
	YETI	F	-0.0%
	DJT	C	-0.0%
	BFAM	F	-0.0%
	CROX	F	-0.0%
	TXG	F	-0.0%
	RGEN	D	-0.0%
	S	B	-0.0%
	SN	C	-0.0%
	TKO	C	-0.0%
	TPG	B	-0.0%

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

IWF: Top Represented Industries & Keywords

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

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