QWLD vs. SSPY ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Syntax Stratified LargeCap ETF (SSPY)

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

$127.71

Average Daily Volume

4,840

Number of Holdings ^*

605

* may have additional holdings in another (foreign) market

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$79.63

Average Daily Volume

2,750

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	SSPY
30 Days	0.84%	1.36%
60 Days	3.37%	3.29%
90 Days	6.17%	5.51%
12 Months	26.50%	22.36%

479 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in SSPY	Overlap
A	C	0.07%	0.15%	0.07%
AAPL	C	2.56%	0.5%	0.5%
ABBV	C	0.15%	0.28%	0.15%
ABBV	C	0.41%	0.28%	0.28%
ABNB	D	0.01%	0.09%	0.01%
ABT	C	0.09%	0.07%	0.07%
ACGL	B	0.28%	0.16%	0.16%
ACN	C	0.65%	0.16%	0.16%
ADBE	F	0.49%	0.16%	0.16%
ADI	C	0.04%	0.21%	0.04%
ADM	D	0.05%	0.37%	0.05%
ADP	B	0.24%	0.25%	0.24%
ADSK	C	0.08%	0.19%	0.08%
AEE	A	0.08%	0.09%	0.08%
AEP	C	0.07%	0.29%	0.07%
AES	C	0.01%	0.29%	0.01%
AFL	C	0.12%	0.25%	0.12%
AIG	D	0.07%	0.24%	0.07%
AIZ	B	0.07%	0.28%	0.07%
AJG	D	0.19%	0.04%	0.04%
AKAM	D	0.12%	0.29%	0.12%
ALB	F	0.01%	0.04%	0.01%
ALGN	D	0.0%	0.1%	0.0%
ALL	B	0.07%	0.3%	0.07%
ALLE	C	0.02%	0.09%	0.02%
AMAT	D	0.32%	0.13%	0.13%
AMCR	C	0.08%	0.14%	0.08%
AMD	D	0.04%	0.12%	0.04%
AME	C	0.01%	0.12%	0.01%
AMGN	B	0.19%	0.28%	0.19%
AMP	B	0.07%	0.09%	0.07%
AMT	C	0.03%	0.08%	0.03%
AMZN	C	0.34%	0.14%	0.14%
ANET	A	0.18%	0.21%	0.18%
ANSS	D	0.0%	0.16%	0.0%
AON	B	0.16%	0.04%	0.04%
AOS	D	0.02%	0.18%	0.02%
APA	F	0.03%	0.06%	0.03%
APD	B	0.02%	0.05%	0.02%
APH	C	0.38%	0.17%	0.17%
APTV	D	0.01%	0.36%	0.01%
ARE	C	0.01%	0.12%	0.01%
ATO	B	0.01%	0.39%	0.01%
AVB	C	0.01%	0.13%	0.01%
AVGO	C	0.11%	0.21%	0.11%
AVY	D	0.03%	0.06%	0.03%
AWK	C	0.01%	0.37%	0.01%
AXON	A	0.0%	0.11%	0.0%
AXP	B	0.06%	0.05%	0.05%
AZO	D	0.29%	0.15%	0.15%
BA	F	0.02%	0.14%	0.02%
BAC	D	0.33%	0.12%	0.12%
BALL	C	0.01%	0.12%	0.01%
BAX	C	0.02%	0.06%	0.02%
BBWI	F	0.0%	0.11%	0.0%
BBY	C	0.06%	0.18%	0.06%
BDX	F	0.08%	0.05%	0.05%
BEN	F	0.01%	0.07%	0.01%
BG	D	0.03%	0.35%	0.03%
BIIB	F	0.02%	0.21%	0.02%
BIO	C	0.0%	0.09%	0.0%
BK	A	0.05%	0.13%	0.05%
BKNG	B	0.02%	0.12%	0.02%
BKR	C	0.02%	0.36%	0.02%
BLDR	C	0.04%	0.23%	0.04%
BLK	B	0.21%	0.09%	0.09%
BMY	C	0.18%	0.3%	0.18%
BR	D	0.04%	0.12%	0.04%
BRK.A	C	0.71%	0.54%	0.54%
BRO	C	0.13%	0.04%	0.04%
BSX	B	0.02%	0.07%	0.02%
BX	B	0.02%	0.1%	0.02%
BXP	B	0.01%	0.14%	0.01%
C	D	0.21%	0.12%	0.12%
CAG	C	0.05%	0.24%	0.05%
CAH	C	0.12%	0.22%	0.12%
CARR	B	0.02%	0.09%	0.02%
CAT	B	0.32%	0.13%	0.13%
CB	B	0.4%	0.16%	0.16%
CBOE	C	0.26%	0.05%	0.05%
CBRE	A	0.03%	0.05%	0.03%
CCI	C	0.02%	0.08%	0.02%
CCL	C	0.0%	0.09%	0.0%
CDNS	D	0.12%	0.28%	0.12%
CDW	D	0.09%	0.12%	0.09%
CE	F	0.01%	0.06%	0.01%
CEG	A	0.01%	0.27%	0.01%
CF	C	0.12%	0.09%	0.09%
CFG	C	0.03%	0.06%	0.03%
CHD	C	0.18%	0.41%	0.18%
CHRW	A	0.01%	0.1%	0.01%
CHTR	D	0.05%	0.61%	0.05%
CI	C	0.2%	0.21%	0.2%
CINF	C	0.02%	0.17%	0.02%
CL	C	0.23%	0.47%	0.23%
CLX	C	0.01%	0.52%	0.01%
CMCSA	D	0.15%	0.51%	0.15%
CME	C	0.16%	0.05%	0.05%
CMG	C	0.13%	0.44%	0.13%
CMI	C	0.08%	0.08%	0.08%
CMS	B	0.05%	0.09%	0.05%
CNC	C	0.06%	0.29%	0.06%
CNP	D	0.01%	0.22%	0.01%
COF	A	0.07%	0.68%	0.07%
COP	D	0.09%	0.07%	0.07%
COST	B	0.76%	0.77%	0.76%
CPAY	C	0.01%	0.05%	0.01%
CPB	B	0.1%	0.24%	0.1%
CPRT	D	0.07%	0.2%	0.07%
CPT	B	0.01%	0.12%	0.01%
CRL	F	0.0%	0.14%	0.0%
CRM	D	0.04%	0.36%	0.04%
CRWD	D	0.0%	0.11%	0.0%
CSCO	B	0.88%	0.22%	0.22%
CSGP	D	0.0%	0.04%	0.0%
CSX	D	0.11%	0.09%	0.09%
CTAS	C	0.14%	0.22%	0.14%
CTLT	B	0.01%	0.26%	0.01%
CTRA	D	0.02%	0.14%	0.02%
CTSH	C	0.2%	0.16%	0.16%
CTVA	B	0.04%	0.09%	0.04%
CVS	F	0.17%	0.63%	0.17%
CVX	D	0.28%	0.68%	0.28%
D	B	0.06%	0.28%	0.06%
DAL	C	0.01%	0.17%	0.01%
DAY	D	0.0%	0.26%	0.0%
DD	B	0.02%	0.05%	0.02%
DE	B	0.06%	0.13%	0.06%
DECK	D	0.04%	0.27%	0.04%
DFS	B	0.03%	0.71%	0.03%
DG	F	0.01%	0.11%	0.01%
DGX	C	0.1%	0.18%	0.1%
DHI	C	0.12%	0.33%	0.12%
DHR	C	0.06%	0.09%	0.06%
DIS	D	0.07%	0.18%	0.07%
DLR	B	0.02%	0.28%	0.02%
DLTR	F	0.01%	0.11%	0.01%
DOC	C	0.01%	0.12%	0.01%
DOV	B	0.04%	0.17%	0.04%
DOW	D	0.04%	0.06%	0.04%
DPZ	D	0.06%	0.38%	0.06%
DRI	B	0.03%	0.52%	0.03%
DTE	B	0.02%	0.27%	0.02%
DUK	B	0.37%	0.09%	0.09%
DVA	B	0.01%	0.13%	0.01%
DVN	D	0.03%	0.14%	0.03%
DXCM	F	0.0%	0.06%	0.0%
EA	D	0.18%	0.52%	0.18%
EBAY	B	0.01%	0.18%	0.01%
ECL	A	0.01%	0.05%	0.01%
ED	C	0.38%	0.28%	0.28%
EFX	C	0.01%	0.05%	0.01%
EG	C	0.06%	0.15%	0.06%
EIX	C	0.03%	0.29%	0.03%
EL	F	0.01%	0.31%	0.01%
ELV	C	0.28%	0.27%	0.27%
EMN	B	0.01%	0.05%	0.01%
EMR	D	0.02%	0.03%	0.02%
ENPH	D	0.03%	0.22%	0.03%
EOG	D	0.05%	0.07%	0.05%
EPAM	F	0.02%	0.15%	0.02%
EQIX	B	0.01%	0.3%	0.01%
EQR	C	0.01%	0.13%	0.01%
EQT	D	0.01%	0.14%	0.01%
ES	C	0.02%	0.09%	0.02%
ESS	C	0.01%	0.12%	0.01%
ETN	C	0.02%	0.23%	0.02%
ETR	A	0.02%	0.29%	0.02%
EVRG	B	0.01%	0.09%	0.01%
EW	F	0.07%	0.05%	0.05%
EXC	B	0.03%	0.33%	0.03%
EXPD	C	0.04%	0.08%	0.04%
EXPE	C	0.01%	0.12%	0.01%
EXR	B	0.01%	0.12%	0.01%
F	F	0.09%	0.22%	0.09%
FANG	D	0.08%	0.07%	0.07%
FAST	C	0.08%	0.14%	0.08%
FCX	D	0.02%	0.22%	0.02%
FDS	C	0.02%	0.04%	0.02%
FDX	F	0.07%	0.1%	0.07%
FE	C	0.01%	0.28%	0.01%
FFIV	B	0.14%	0.25%	0.14%
FICO	B	0.04%	0.06%	0.04%
FIS	B	0.02%	0.06%	0.02%
FITB	B	0.03%	0.07%	0.03%
FOX	B	0.01%	0.12%	0.01%
FOXA	B	0.01%	0.12%	0.01%
FSLR	C	0.01%	0.16%	0.01%
FTNT	B	0.01%	0.2%	0.01%
FTV	C	0.01%	0.03%	0.01%
GD	B	0.19%	0.17%	0.17%
GDDY	C	0.21%	0.28%	0.21%
GE	A	0.29%	0.19%	0.19%
GEHC	C	0.02%	0.09%	0.02%
GEV	B	0.02%	0.22%	0.02%
GILD	B	0.22%	0.31%	0.22%
GIS	B	0.38%	0.24%	0.24%
GLW	B	0.02%	0.21%	0.02%
GM	B	0.15%	0.24%	0.15%
GOOG	D	0.83%	0.19%	0.19%
GOOGL	D	0.95%	0.19%	0.19%
GPC	D	0.06%	0.15%	0.06%
GPN	D	0.02%	0.05%	0.02%
GRMN	D	0.05%	0.35%	0.05%
GS	C	0.14%	0.27%	0.14%
GWW	A	0.1%	0.14%	0.1%
HAL	F	0.01%	0.28%	0.01%
HBAN	B	0.03%	0.06%	0.03%
HCA	A	0.04%	0.39%	0.04%
HD	A	0.14%	0.27%	0.14%
HES	D	0.01%	0.06%	0.01%
HIG	B	0.03%	0.16%	0.03%
HII	D	0.01%	0.09%	0.01%
HLT	B	0.01%	0.11%	0.01%
HOLX	C	0.01%	0.09%	0.01%
HON	D	0.24%	0.16%	0.16%
HPE	D	0.03%	0.16%	0.03%
HPQ	D	0.04%	0.31%	0.04%
HRL	D	0.1%	0.39%	0.1%
HSIC	D	0.01%	0.21%	0.01%
HST	C	0.01%	0.11%	0.01%
HSY	D	0.18%	0.2%	0.18%
HUBB	A	0.03%	0.27%	0.03%
HUM	F	0.18%	0.23%	0.18%
HWM	B	0.01%	0.09%	0.01%
IBM	A	0.48%	0.42%	0.42%
ICE	C	0.03%	0.05%	0.03%
IDXX	D	0.09%	0.09%	0.09%
IEX	D	0.02%	0.19%	0.02%
IFF	C	0.01%	0.05%	0.01%
INCY	C	0.12%	0.26%	0.12%
INTC	F	0.08%	0.09%	0.08%
INTU	C	0.25%	0.24%	0.24%
INVH	C	0.01%	0.11%	0.01%
IP	C	0.02%	0.07%	0.02%
IPG	C	0.02%	0.34%	0.02%
IQV	D	0.01%	0.16%	0.01%
IR	C	0.01%	0.18%	0.01%
IRM	B	0.01%	0.09%	0.01%
ISRG	C	0.24%	0.14%	0.14%
IT	A	0.03%	0.15%	0.03%
ITW	C	0.12%	0.18%	0.12%
J	C	0.01%	0.38%	0.01%
JBHT	D	0.03%	0.09%	0.03%
JBL	D	0.01%	0.29%	0.01%
JCI	B	0.02%	0.08%	0.02%
JKHY	C	0.06%	0.06%	0.06%
JNJ	C	1.19%	0.28%	0.28%
JNPR	A	0.13%	0.21%	0.13%
JPM	D	0.52%	0.13%	0.13%
K	A	0.23%	0.26%	0.23%
KDP	B	0.16%	0.27%	0.16%
KEY	B	0.02%	0.07%	0.02%
KEYS	C	0.17%	0.21%	0.17%
KHC	C	0.22%	0.23%	0.22%
KIM	C	0.01%	0.08%	0.01%
KKR	A	0.02%	0.09%	0.02%
KLAC	D	0.18%	0.14%	0.14%
KMB	D	0.12%	0.43%	0.12%
KMI	A	0.03%	0.27%	0.03%
KMX	D	0.01%	0.17%	0.01%
KO	B	0.65%	0.28%	0.28%
KR	C	0.28%	0.82%	0.28%
KVUE	C	0.08%	0.54%	0.08%
L	D	0.16%	0.52%	0.16%
LDOS	B	0.01%	0.14%	0.01%
LEN	C	0.09%	0.29%	0.09%
LHX	C	0.02%	0.09%	0.02%
LIN	B	0.06%	0.05%	0.05%
LKQ	F	0.01%	0.15%	0.01%
LLY	C	1.42%	0.26%	0.26%
LMT	B	0.45%	0.1%	0.1%
LNT	B	0.03%	0.09%	0.03%
LOW	A	0.07%	0.28%	0.07%
LRCX	F	0.2%	0.12%	0.12%
LULU	D	0.06%	0.25%	0.06%
LUV	C	0.0%	0.18%	0.0%
LVS	D	0.0%	0.06%	0.0%
LW	D	0.0%	0.16%	0.0%
LYB	F	0.03%	0.07%	0.03%
LYV	B	0.0%	0.09%	0.0%
MA	B	0.67%	0.05%	0.05%
MAA	C	0.01%	0.13%	0.01%
MAR	C	0.01%	0.11%	0.01%
MAS	B	0.01%	0.21%	0.01%
MCD	B	0.42%	0.57%	0.42%
MCHP	D	0.07%	0.11%	0.07%
MCK	F	0.49%	0.17%	0.17%
MCO	A	0.13%	0.05%	0.05%
MDLZ	C	0.17%	0.21%	0.17%
MDT	C	0.06%	0.07%	0.06%
MET	A	0.04%	0.22%	0.04%
META	A	1.96%	0.46%	0.46%
MGM	D	0.01%	0.06%	0.01%
MKC	C	0.01%	0.26%	0.01%
MKTX	C	0.02%	0.06%	0.02%
MLM	D	0.01%	0.15%	0.01%
MMC	C	0.53%	0.04%	0.04%
MMM	A	0.14%	0.22%	0.14%
MNST	D	0.06%	0.26%	0.06%
MO	C	0.04%	0.43%	0.04%
MOH	D	0.07%	0.3%	0.07%
MOS	F	0.02%	0.08%	0.02%
MPC	D	0.18%	0.46%	0.18%
MPWR	C	0.06%	0.24%	0.06%
MRK	D	0.51%	0.22%	0.22%
MRNA	F	0.02%	0.12%	0.02%
MRO	C	0.02%	0.07%	0.02%
MS	C	0.09%	0.26%	0.09%
MSCI	C	0.0%	0.05%	0.0%
MSFT	C	2.36%	0.32%	0.32%
MSI	B	0.58%	0.58%	0.58%
MTB	A	0.04%	0.07%	0.04%
MTCH	C	0.0%	0.48%	0.0%
MU	F	0.04%	0.08%	0.04%
NDAQ	A	0.01%	0.05%	0.01%
NDSN	C	0.02%	0.03%	0.02%
NEE	C	0.06%	0.28%	0.06%
NEM	B	0.04%	0.32%	0.04%
NFLX	B	0.45%	0.22%	0.22%
NI	B	0.01%	0.4%	0.01%
NKE	D	0.17%	0.25%	0.17%
NOC	A	0.33%	0.1%	0.1%
NOW	A	0.01%	0.4%	0.01%
NRG	A	0.01%	0.3%	0.01%
NSC	C	0.03%	0.09%	0.03%
NTAP	D	0.04%	0.18%	0.04%
NTRS	B	0.01%	0.09%	0.01%
NUE	F	0.04%	0.22%	0.04%
NVDA	D	2.1%	0.11%	0.11%
NVR	B	0.07%	0.3%	0.07%
NWSA	D	0.01%	0.09%	0.01%
NXPI	D	0.02%	0.18%	0.02%
O	C	0.03%	0.08%	0.03%
ODFL	D	0.07%	0.09%	0.07%
OKE	B	0.03%	0.29%	0.03%
OMC	B	0.04%	0.37%	0.04%
ON	F	0.01%	0.21%	0.01%
ORCL	B	0.22%	0.4%	0.22%
ORLY	D	0.22%	0.17%	0.17%
OTIS	C	0.01%	0.07%	0.01%
OXY	F	0.03%	0.06%	0.03%
PANW	C	0.16%	0.18%	0.16%
PARA	F	0.01%	0.2%	0.01%
PAYC	D	0.02%	0.26%	0.02%
PAYX	C	0.09%	0.24%	0.09%
PCAR	D	0.09%	0.11%	0.09%
PCG	B	0.03%	0.08%	0.03%
PEG	A	0.02%	0.28%	0.02%
PEP	D	0.86%	0.2%	0.2%
PFE	C	0.21%	0.27%	0.21%
PFG	B	0.02%	0.21%	0.02%
PG	C	0.98%	0.44%	0.44%
PGR	A	0.34%	0.31%	0.31%
PH	A	0.02%	0.09%	0.02%
PHM	B	0.06%	0.3%	0.06%
PKG	B	0.03%	0.07%	0.03%
PLD	C	0.05%	0.08%	0.05%
PM	C	0.07%	0.45%	0.07%
PNC	A	0.08%	0.06%	0.06%
PNR	B	0.02%	0.22%	0.02%
PODD	B	0.0%	0.11%	0.0%
POOL	D	0.03%	0.13%	0.03%
PPG	D	0.01%	0.06%	0.01%
PPL	B	0.01%	0.09%	0.01%
PRU	C	0.04%	0.2%	0.04%
PSA	B	0.09%	0.14%	0.09%
PSX	D	0.13%	0.45%	0.13%
PTC	D	0.07%	0.16%	0.07%
PWR	B	0.01%	0.36%	0.01%
PYPL	B	0.04%	0.06%	0.04%
QCOM	F	0.34%	0.17%	0.17%
QRVO	F	0.01%	0.19%	0.01%
RCL	A	0.0%	0.09%	0.0%
REG	C	0.01%	0.08%	0.01%
REGN	C	0.47%	0.27%	0.27%
RF	B	0.03%	0.06%	0.03%
RJF	C	0.01%	0.25%	0.01%
RMD	C	0.06%	0.12%	0.06%
ROK	F	0.05%	0.03%	0.03%
ROL	C	0.08%	0.19%	0.08%
ROP	C	0.49%	0.03%	0.03%
ROST	C	0.02%	0.77%	0.02%
RSG	D	0.46%	0.2%	0.2%
RTX	C	0.09%	0.09%	0.09%
SBAC	C	0.01%	0.08%	0.01%
SBUX	C	0.04%	0.59%	0.04%
SCHW	D	0.03%	0.21%	0.03%
SHW	B	0.14%	0.08%	0.08%
SJM	C	0.08%	0.23%	0.08%
SLB	F	0.03%	0.31%	0.03%
SMCI	F	0.03%	0.1%	0.03%
SNA	C	0.03%	0.26%	0.03%
SNPS	D	0.11%	0.27%	0.11%
SO	A	0.47%	0.09%	0.09%
SOLV	C	0.03%	0.06%	0.03%
SPG	A	0.02%	0.07%	0.02%
SPGI	A	0.04%	0.05%	0.04%
SRE	B	0.03%	0.08%	0.03%
STE	C	0.01%	0.14%	0.01%
STLD	D	0.02%	0.22%	0.02%
STT	B	0.03%	0.13%	0.03%
STX	C	0.01%	0.19%	0.01%
STZ	D	0.01%	0.24%	0.01%
SW	C	0.02%	0.06%	0.02%
SWK	B	0.01%	0.3%	0.01%
SWKS	F	0.03%	0.2%	0.03%
SYF	C	0.03%	0.74%	0.03%
SYK	C	0.03%	0.13%	0.03%
SYY	D	0.03%	0.8%	0.03%
T	C	0.37%	0.41%	0.37%
TAP	D	0.01%	0.27%	0.01%
TDG	B	0.01%	0.07%	0.01%
TDY	C	0.05%	0.04%	0.04%
TECH	D	0.0%	0.14%	0.0%
TEL	D	0.08%	0.18%	0.08%
TER	D	0.03%	0.14%	0.03%
TFC	D	0.08%	0.06%	0.06%
TFX	C	0.01%	0.06%	0.01%
TGT	C	0.14%	0.18%	0.14%
TJX	C	0.35%	0.81%	0.35%
TMO	C	0.07%	0.15%	0.07%
TMUS	C	0.64%	0.38%	0.38%
TRGP	B	0.03%	0.31%	0.03%
TRMB	C	0.0%	0.03%	0.0%
TROW	D	0.05%	0.07%	0.05%
TRV	B	0.27%	0.16%	0.16%
TSCO	C	0.05%	0.12%	0.05%
TSLA	C	0.11%	0.31%	0.11%
TSN	D	0.14%	0.42%	0.14%
TT	A	0.13%	0.08%	0.08%
TTWO	D	0.01%	0.47%	0.01%
TXN	C	0.49%	0.22%	0.22%
TXT	D	0.01%	0.17%	0.01%
TYL	C	0.0%	0.4%	0.0%
UBER	C	0.01%	0.11%	0.01%
UDR	C	0.0%	0.13%	0.0%
UHS	B	0.01%	0.41%	0.01%
ULTA	D	0.07%	0.16%	0.07%
UNH	C	1.36%	0.31%	0.31%
UNP	C	0.28%	0.09%	0.09%
UPS	F	0.07%	0.08%	0.07%
URI	B	0.02%	0.14%	0.02%
USB	B	0.08%	0.06%	0.06%
V	C	1.12%	0.05%	0.05%
VICI	C	0.02%	0.08%	0.02%
VLO	F	0.07%	0.43%	0.07%
VLTO	B	0.05%	0.03%	0.03%
VMC	D	0.01%	0.15%	0.01%
VRSK	D	0.01%	0.04%	0.01%
VRSN	D	0.14%	0.26%	0.14%
VRTX	D	0.44%	0.25%	0.25%
VST	A	0.01%	0.3%	0.01%
VTR	C	0.01%	0.14%	0.01%
VTRS	D	0.03%	0.28%	0.03%
VZ	B	0.61%	0.37%	0.37%
WAB	A	0.01%	0.13%	0.01%
WAT	C	0.04%	0.15%	0.04%
WBA	F	0.04%	0.38%	0.04%
WBD	D	0.05%	0.23%	0.05%
WDC	D	0.01%	0.16%	0.01%
WEC	B	0.2%	0.09%	0.09%
WELL	C	0.02%	0.13%	0.02%
WFC	D	0.2%	0.11%	0.11%
WM	D	0.5%	0.19%	0.19%
WMB	B	0.15%	0.27%	0.15%
WMT	B	0.72%	0.88%	0.72%
WRB	C	0.14%	0.16%	0.14%
WST	D	0.03%	0.04%	0.03%
WTW	C	0.07%	0.04%	0.04%
WY	C	0.02%	0.18%	0.02%
WYNN	D	0.0%	0.06%	0.0%
XEL	B	0.08%	0.09%	0.08%
XOM	D	0.44%	0.76%	0.44%
XYL	D	0.01%	0.18%	0.01%
YUM	F	0.15%	0.48%	0.15%
ZBH	F	0.01%	0.12%	0.01%
ZBRA	B	0.01%	0.14%	0.01%
ZTS	C	0.16%	0.28%	0.16%

QWLD Overweight 126 Positions Relative to SSPY

Symbol	Grade	Weight
NVS	C	0.89%
UL	C	0.3%
WCN	D	0.28%
MFG	D	0.2%
CHKP	A	0.19%
ERIE	B	0.15%
BAH	B	0.15%
TD	A	0.14%
UTHR	C	0.14%
TM	F	0.14%
E	C	0.13%
MKL	C	0.12%
DEO	D	0.12%
MUFG	D	0.12%
CNI	D	0.11%
NBIX	F	0.11%
BCS	B	0.1%
SMFG	D	0.09%
STLA	F	0.09%
LYG	B	0.09%
BMRN	F	0.09%
FCNCA	D	0.09%
HMC	D	0.08%
SONY	C	0.08%
LOGI	D	0.06%
LNG	C	0.05%
VEEV	C	0.05%
BTI	C	0.05%
DINO	F	0.05%
WSM	D	0.04%
MANH	A	0.04%
WDAY	D	0.04%
MT	D	0.04%
OC	D	0.03%
CSL	B	0.03%
WSO	C	0.03%
LPLA	F	0.03%
TPL	A	0.03%
EME	A	0.03%
NMR	D	0.02%
CHK	D	0.02%
ACI	F	0.02%
TTC	D	0.02%
OVV	F	0.02%
AER	B	0.02%
AFG	B	0.02%
GGG	C	0.02%
DKS	D	0.02%
AMH	C	0.01%
OTEX	D	0.01%
RPM	B	0.01%
WTRG	D	0.01%
UHAL	B	0.01%
CG	D	0.01%
RPRX	D	0.01%
GLPI	C	0.01%
TRU	B	0.01%
BURL	C	0.01%
MBAVU	C	0.01%
ZM	C	0.01%
ACM	B	0.01%
SUI	C	0.01%
SE	A	0.01%
WPC	C	0.01%
CCEP	B	0.01%
AVTR	C	0.01%
CCK	A	0.01%
AGCO	D	0.01%
CHRD	F	0.01%
KNX	D	0.01%
WFG	A	0.01%
SSNC	B	0.01%
EQH	C	0.01%
MRVL	C	0.01%
DELL	C	0.01%
APO	B	0.01%
CRBG	D	0.01%
BSY	D	0.01%
FNF	B	0.01%
SQ	D	0.01%
ALLY	D	0.01%
SEIC	C	0.01%
CNH	D	0.01%
RS	D	0.01%
MELI	B	0.01%
GLBE	C	0.0%
IOT	A	0.0%
TOST	A	0.0%
NET	D	0.0%
RBLX	B	0.0%
XRX	F	0.0%
DDOG	D	0.0%
SNAP	F	0.0%
FUTU	D	0.0%
DKNG	C	0.0%
MSTR	D	0.0%
H	C	0.0%
PSTG	F	0.0%
DOCU	C	0.0%
HEI	A	0.0%
GRAB	B	0.0%
APP	B	0.0%
DT	C	0.0%
PINS	F	0.0%
SNOW	F	0.0%
HOOD	C	0.0%
ROKU	C	0.0%
OKTA	F	0.0%
TTD	B	0.0%
EXAS	C	0.0%
LII	B	0.0%
Z	B	0.0%
TW	B	0.0%
PLTR	A	0.0%
VRT	C	0.0%
HEI	A	0.0%
ELS	C	0.0%
ENTG	D	0.0%
DASH	B	0.0%
COIN	F	0.0%
WLK	D	0.0%
ILMN	C	0.0%
RIVN	F	0.0%
ARES	A	0.0%
QGEN	C	0.0%
TWLO	C	0.0%

QWLD Underweight 18 Positions Relative to SSPY

Symbol	Grade	Weight
BWA	D	-0.36%
RL	B	-0.3%
TPR	C	-0.3%
HAS	B	-0.28%
GL	C	-0.27%
MHK	C	-0.25%
UAL	C	-0.19%
AAL	D	-0.18%
MTD	D	-0.13%
ETSY	F	-0.13%
NWS	D	-0.1%
NCLH	C	-0.1%
PNW	B	-0.09%
IVZ	B	-0.09%
FMC	C	-0.09%
FRT	C	-0.08%
GNRC	D	-0.08%
CZR	C	-0.07%