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

$126.37

Average Daily Volume

3,758

Number of Holdings ^*

609

* 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

$80.48

Average Daily Volume

2,871

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	SSPY
30 Days	-0.87%	1.20%
60 Days	0.52%	1.55%
90 Days	2.56%	3.68%
12 Months	23.47%	22.22%

483 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in SSPY	Overlap
	A	F	0.07%	0.15%	0.07%
	AAPL	C	2.5%	0.5%	0.5%
	ABBV	F	0.16%	0.24%	0.16%
	ABBV	F	0.41%	0.24%	0.24%
	ABNB	C	0.01%	0.12%	0.01%
	ABT	C	0.09%	0.06%	0.06%
	ACGL	C	0.25%	0.14%	0.14%
	ACN	B	0.65%	0.13%	0.13%
	ADBE	C	0.42%	0.16%	0.16%
	ADI	D	0.04%	0.22%	0.04%
	ADM	F	0.05%	0.37%	0.05%
	ADP	A	0.26%	0.21%	0.21%
	ADSK	B	0.1%	0.17%	0.1%
	AEE	B	0.08%	0.08%	0.08%
	AEP	D	0.07%	0.24%	0.07%
	AES	F	0.01%	0.32%	0.01%
	AFL	C	0.12%	0.2%	0.12%
	AIG	B	0.07%	0.2%	0.07%
	AIZ	A	0.08%	0.2%	0.08%
	AJG	A	0.18%	0.03%	0.03%
	AKAM	F	0.13%	0.27%	0.13%
	ALB	C	0.01%	0.05%	0.01%
	ALGN	D	0.0%	0.1%	0.0%
	ALL	B	0.07%	0.2%	0.07%
	ALLE	D	0.02%	0.08%	0.02%
	AMAT	F	0.32%	0.18%	0.18%
	AMCR	D	0.08%	0.13%	0.08%
	AMD	F	0.04%	0.14%	0.04%
	AME	A	0.01%	0.13%	0.01%
	AMGN	F	0.18%	0.24%	0.18%
	AMP	A	0.09%	0.08%	0.08%
	AMT	F	0.02%	0.06%	0.02%
	AMZN	A	0.37%	0.22%	0.22%
	ANET	C	0.21%	0.21%	0.21%
	ANSS	B	0.0%	0.17%	0.0%
	AON	B	0.17%	0.04%	0.04%
	AOS	F	0.02%	0.21%	0.02%
	APA	F	0.03%	0.07%	0.03%
	APD	B	0.03%	0.05%	0.03%
	APH	B	0.43%	0.19%	0.19%
	APTV	F	0.01%	0.4%	0.01%
	ARE	F	0.01%	0.11%	0.01%
	ATO	B	0.01%	0.33%	0.01%
	AVB	B	0.01%	0.1%	0.01%
	AVGO	C	0.12%	0.23%	0.12%
	AVY	F	0.03%	0.06%	0.03%
	AWK	D	0.01%	0.32%	0.01%
	AXON	B	0.0%	0.09%	0.0%
	AXP	B	0.06%	0.04%	0.04%
	AZO	B	0.29%	0.14%	0.14%
	BA	F	0.01%	0.16%	0.01%
	BAC	A	0.38%	0.12%	0.12%
	BALL	D	0.01%	0.13%	0.01%
	BAX	F	0.01%	0.05%	0.01%
	BBWI	C	0.0%	0.19%	0.0%
	BBY	C	0.05%	0.17%	0.05%
	BDX	F	0.08%	0.05%	0.05%
	BEN	C	0.01%	0.09%	0.01%
	BG	D	0.02%	0.37%	0.02%
	BIIB	F	0.01%	0.24%	0.01%
	BK	B	0.05%	0.11%	0.05%
	BKNG	A	0.03%	0.11%	0.03%
	BKR	B	0.02%	0.35%	0.02%
	BLDR	C	0.04%	0.19%	0.04%
	BMY	B	0.21%	0.25%	0.21%
	BR	A	0.04%	0.11%	0.04%
	BRK.A	B	0.72%	0.5%	0.5%
	BRO	B	0.14%	0.04%	0.04%
	BSX	A	0.02%	0.06%	0.02%
	BX	A	0.03%	0.08%	0.03%
	BXP	D	0.01%	0.11%	0.01%
	C	B	0.25%	0.13%	0.13%
	CAG	F	0.04%	0.21%	0.04%
	CAH	B	0.12%	0.19%	0.12%
	CARR	C	0.02%	0.08%	0.02%
	CAT	B	0.39%	0.14%	0.14%
	CB	C	0.38%	0.14%	0.14%
	CBOE	D	0.24%	0.04%	0.04%
	CBRE	B	0.03%	0.04%	0.03%
	CCI	F	0.01%	0.06%	0.01%
	CCL	B	0.01%	0.09%	0.01%
	CDNS	B	0.14%	0.33%	0.14%
	CDW	F	0.08%	0.13%	0.08%
	CE	F	0.01%	0.07%	0.01%
	CEG	D	0.02%	0.38%	0.02%
	CF	B	0.12%	0.09%	0.09%
	CFG	B	0.04%	0.06%	0.04%
	CHD	A	0.18%	0.42%	0.18%
	CHRW	A	0.01%	0.09%	0.01%
	CHTR	B	0.06%	0.47%	0.06%
	CI	D	0.17%	0.19%	0.17%
	CINF	A	0.02%	0.14%	0.02%
	CL	F	0.19%	0.41%	0.19%
	CLX	A	0.01%	0.41%	0.01%
	CMCSA	B	0.17%	0.52%	0.17%
	CME	B	0.15%	0.04%	0.04%
	CMG	B	0.13%	0.5%	0.13%
	CMI	A	0.09%	0.08%	0.08%
	CMS	D	0.05%	0.08%	0.05%
	CNC	F	0.05%	0.26%	0.05%
	CNP	B	0.01%	0.26%	0.01%
	COF	B	0.1%	0.7%	0.1%
	COP	C	0.1%	0.07%	0.07%
	COR	B	0.42%	0.18%	0.18%
	COST	B	0.75%	0.71%	0.71%
	CPAY	A	0.01%	0.04%	0.01%
	CPB	F	0.09%	0.2%	0.09%
	CPRT	A	0.08%	0.23%	0.08%
	CPT	C	0.0%	0.11%	0.0%
	CRL	C	0.0%	0.14%	0.0%
	CRM	B	0.05%	0.35%	0.05%
	CRWD	B	0.0%	0.18%	0.0%
	CSCO	A	1.02%	0.21%	0.21%
	CSGP	F	0.0%	0.04%	0.0%
	CSX	B	0.12%	0.08%	0.08%
	CTAS	B	0.14%	0.18%	0.14%
	CTLT	D	0.01%	0.25%	0.01%
	CTRA	B	0.02%	0.17%	0.02%
	CTSH	A	0.21%	0.13%	0.13%
	CTVA	C	0.05%	0.08%	0.05%
	CVS	F	0.18%	0.69%	0.18%
	CVX	A	0.31%	0.76%	0.31%
	D	D	0.06%	0.24%	0.06%
	DAL	A	0.01%	0.28%	0.01%
	DAY	B	0.0%	0.22%	0.0%
	DD	D	0.02%	0.05%	0.02%
	DE	D	0.06%	0.13%	0.06%
	DECK	B	0.05%	0.3%	0.05%
	DELL	C	0.01%	0.17%	0.01%
	DFS	B	0.04%	0.69%	0.04%
	DG	F	0.01%	0.17%	0.01%
	DGX	B	0.1%	0.16%	0.1%
	DHI	D	0.11%	0.24%	0.11%
	DHR	F	0.05%	0.1%	0.05%
	DIS	B	0.08%	0.21%	0.08%
	DLR	C	0.02%	0.26%	0.02%
	DLTR	F	0.01%	0.17%	0.01%
	DOC	C	0.01%	0.11%	0.01%
	DOV	A	0.05%	0.17%	0.05%
	DOW	F	0.04%	0.07%	0.04%
	DPZ	C	0.06%	0.52%	0.06%
	DRI	B	0.03%	0.51%	0.03%
	DTE	D	0.02%	0.25%	0.02%
	DUK	D	0.36%	0.07%	0.07%
	DVA	C	0.01%	0.11%	0.01%
	DVN	F	0.03%	0.16%	0.03%
	DXCM	C	0.0%	0.1%	0.0%
	EA	A	0.19%	0.49%	0.19%
	EBAY	C	0.01%	0.22%	0.01%
	ECL	C	0.01%	0.05%	0.01%
	ED	D	0.36%	0.24%	0.24%
	EFX	F	0.01%	0.04%	0.01%
	EG	D	0.06%	0.14%	0.06%
	EIX	C	0.02%	0.25%	0.02%
	EL	F	0.01%	0.5%	0.01%
	ELV	F	0.22%	0.24%	0.22%
	EMN	D	0.01%	0.05%	0.01%
	EMR	A	0.03%	0.03%	0.03%
	ENPH	F	0.02%	0.26%	0.02%
	EOG	A	0.05%	0.07%	0.05%
	EPAM	B	0.02%	0.13%	0.02%
	EQIX	B	0.01%	0.27%	0.01%
	EQR	C	0.01%	0.1%	0.01%
	EQT	B	0.01%	0.18%	0.01%
	ERIE	F	0.12%	0.2%	0.12%
	ES	D	0.01%	0.07%	0.01%
	ESS	C	0.01%	0.1%	0.01%
	ETN	B	0.03%	0.26%	0.03%
	ETR	B	0.03%	0.25%	0.03%
	EVRG	A	0.01%	0.08%	0.01%
	EW	F	0.07%	0.06%	0.06%
	EXC	C	0.03%	0.3%	0.03%
	EXPD	C	0.04%	0.09%	0.04%
	EXPE	B	0.01%	0.12%	0.01%
	EXR	D	0.01%	0.11%	0.01%
	F	C	0.09%	0.25%	0.09%
	FANG	C	0.09%	0.07%	0.07%
	FAST	B	0.09%	0.13%	0.09%
	FCX	F	0.03%	0.3%	0.03%
	FDS	A	0.03%	0.04%	0.03%
	FDX	B	0.07%	0.07%	0.07%
	FE	D	0.01%	0.24%	0.01%
	FFIV	B	0.16%	0.21%	0.16%
	FI	A	0.08%	0.06%	0.06%
	FICO	B	0.04%	0.05%	0.04%
	FIS	B	0.02%	0.05%	0.02%
	FITB	A	0.03%	0.06%	0.03%
	FOX	A	0.01%	0.1%	0.01%
	FOXA	A	0.01%	0.1%	0.01%
	FSLR	F	0.01%	0.2%	0.01%
	FTNT	B	0.01%	0.17%	0.01%
	FTV	C	0.01%	0.03%	0.01%
	GD	C	0.19%	0.16%	0.16%
	GDDY	B	0.23%	0.27%	0.23%
	GE	D	0.31%	0.17%	0.17%
	GEHC	D	0.02%	0.1%	0.02%
	GEN	B	0.12%	0.17%	0.12%
	GEV	B	0.02%	0.18%	0.02%
	GILD	B	0.25%	0.25%	0.25%
	GIS	F	0.33%	0.21%	0.21%
	GLW	B	0.02%	0.19%	0.02%
	GM	B	0.18%	0.25%	0.18%
	GOOG	C	0.95%	0.23%	0.23%
	GOOGL	C	1.08%	0.23%	0.23%
	GPC	D	0.05%	0.15%	0.05%
	GPN	B	0.02%	0.04%	0.02%
	GRMN	A	0.05%	0.33%	0.05%
	GS	B	0.17%	0.25%	0.17%
	GWW	B	0.11%	0.12%	0.11%
	HAL	C	0.02%	0.34%	0.02%
	HBAN	A	0.03%	0.06%	0.03%
	HCA	D	0.04%	0.33%	0.04%
	HD	B	0.14%	0.26%	0.14%
	HES	B	0.01%	0.07%	0.01%
	HIG	C	0.03%	0.14%	0.03%
	HII	F	0.01%	0.08%	0.01%
	HLT	A	0.01%	0.12%	0.01%
	HOLX	D	0.01%	0.1%	0.01%
	HON	B	0.25%	0.17%	0.17%
	HPE	B	0.04%	0.19%	0.04%
	HPQ	B	0.04%	0.35%	0.04%
	HRL	F	0.09%	0.36%	0.09%
	HSIC	F	0.01%	0.2%	0.01%
	HST	D	0.01%	0.11%	0.01%
	HSY	F	0.16%	0.18%	0.16%
	HUBB	C	0.04%	0.26%	0.04%
	HUM	D	0.16%	0.26%	0.16%
	HWM	B	0.01%	0.08%	0.01%
	IBM	D	0.48%	0.34%	0.34%
	ICE	C	0.03%	0.04%	0.03%
	IDXX	F	0.07%	0.1%	0.07%
	IEX	B	0.03%	0.2%	0.03%
	IFF	F	0.01%	0.05%	0.01%
	INCY	B	0.16%	0.25%	0.16%
	INTC	C	0.1%	0.16%	0.1%
	INTU	A	0.25%	0.2%	0.2%
	INVH	D	0.01%	0.1%	0.01%
	IP	B	0.02%	0.06%	0.02%
	IPG	F	0.02%	0.34%	0.02%
	IQV	F	0.01%	0.14%	0.01%
	IR	A	0.01%	0.2%	0.01%
	IRM	D	0.01%	0.06%	0.01%
	ISRG	A	0.25%	0.12%	0.12%
	IT	B	0.04%	0.13%	0.04%
	ITW	B	0.14%	0.17%	0.14%
	J	D	0.01%	0.4%	0.01%
	JBHT	C	0.03%	0.08%	0.03%
	JBL	C	0.02%	0.38%	0.02%
	JCI	A	0.03%	0.08%	0.03%
	JKHY	C	0.07%	0.05%	0.05%
	JNJ	D	1.11%	0.24%	0.24%
	JNPR	D	0.13%	0.2%	0.13%
	JPM	A	0.59%	0.13%	0.13%
	K	A	0.22%	0.18%	0.18%
	KDP	C	0.14%	0.24%	0.14%
	KEY	B	0.03%	0.06%	0.03%
	KEYS	C	0.18%	0.21%	0.18%
	KHC	F	0.21%	0.21%	0.21%
	KIM	A	0.01%	0.06%	0.01%
	KKR	B	0.02%	0.09%	0.02%
	KLAC	F	0.16%	0.17%	0.16%
	KMB	D	0.11%	0.42%	0.11%
	KMI	B	0.04%	0.25%	0.04%
	KMX	B	0.01%	0.14%	0.01%
	KO	F	0.57%	0.25%	0.25%
	KR	A	0.32%	0.74%	0.32%
	KVUE	A	0.08%	0.42%	0.08%
	L	A	0.17%	0.49%	0.17%
	LDOS	C	0.01%	0.13%	0.01%
	LEN	D	0.09%	0.25%	0.09%
	LH	B	0.02%	0.16%	0.02%
	LHX	B	0.03%	0.08%	0.03%
	LIN	D	0.06%	0.04%	0.04%
	LKQ	C	0.01%	0.14%	0.01%
	LLY	F	1.17%	0.23%	0.23%
	LMT	D	0.43%	0.09%	0.09%
	LNT	C	0.03%	0.08%	0.03%
	LOW	B	0.07%	0.26%	0.07%
	LULU	B	0.07%	0.31%	0.07%
	LUV	B	0.0%	0.25%	0.0%
	LVS	C	0.0%	0.08%	0.0%
	LW	B	0.0%	0.22%	0.0%
	LYB	F	0.03%	0.07%	0.03%
	LYV	A	0.0%	0.09%	0.0%
	MA	B	0.7%	0.04%	0.04%
	MAA	C	0.01%	0.1%	0.01%
	MAR	A	0.01%	0.12%	0.01%
	MAS	D	0.01%	0.19%	0.01%
	MCD	C	0.41%	0.5%	0.41%
	MCHP	F	0.06%	0.14%	0.06%
	MCK	B	0.51%	0.18%	0.18%
	MCO	C	0.12%	0.04%	0.04%
	MDLZ	F	0.15%	0.18%	0.15%
	MDT	D	0.06%	0.06%	0.06%
	MET	C	0.05%	0.21%	0.05%
	META	B	2.14%	0.47%	0.47%
	MGM	D	0.01%	0.07%	0.01%
	MKC	D	0.01%	0.21%	0.01%
	MKTX	C	0.02%	0.04%	0.02%
	MLM	B	0.01%	0.17%	0.01%
	MMC	D	0.51%	0.04%	0.04%
	MMM	C	0.14%	0.17%	0.14%
	MNST	B	0.07%	0.25%	0.07%
	MO	A	0.04%	0.35%	0.04%
	MOH	F	0.06%	0.25%	0.06%
	MOS	D	0.02%	0.08%	0.02%
	MPC	D	0.17%	0.49%	0.17%
	MPWR	F	0.06%	0.22%	0.06%
	MRK	F	0.44%	0.24%	0.24%
	MRNA	F	0.01%	0.24%	0.01%
	MRO	B	0.02%	0.07%	0.02%
	MS	A	0.11%	0.26%	0.11%
	MSCI	B	0.0%	0.04%	0.0%
	MSFT	C	2.29%	0.32%	0.32%
	MSI	B	0.61%	0.49%	0.49%
	MTB	A	0.05%	0.06%	0.05%
	MTCH	F	0.0%	0.47%	0.0%
	MU	D	0.04%	0.15%	0.04%
	NDAQ	B	0.01%	0.04%	0.01%
	NDSN	B	0.02%	0.03%	0.02%
	NEE	D	0.05%	0.24%	0.05%
	NEM	F	0.04%	0.25%	0.04%
	NFLX	A	0.51%	0.22%	0.22%
	NI	A	0.01%	0.33%	0.01%
	NKE	F	0.16%	0.33%	0.16%
	NOC	D	0.33%	0.09%	0.09%
	NOW	A	0.01%	0.22%	0.01%
	NRG	C	0.02%	0.33%	0.02%
	NSC	B	0.03%	0.08%	0.03%
	NTAP	D	0.04%	0.17%	0.04%
	NTRS	A	0.02%	0.08%	0.02%
	NUE	D	0.05%	0.26%	0.05%
	NVDA	A	2.56%	0.13%	0.13%
	NVR	D	0.06%	0.26%	0.06%
	NWSA	B	0.01%	0.1%	0.01%
	NXPI	F	0.02%	0.23%	0.02%
	O	D	0.02%	0.07%	0.02%
	ODFL	B	0.08%	0.08%	0.08%
	OKE	A	0.03%	0.24%	0.03%
	OMC	A	0.04%	0.34%	0.04%
	ON	F	0.01%	0.23%	0.01%
	ORCL	A	0.25%	0.34%	0.25%
	ORLY	A	0.24%	0.14%	0.14%
	OTIS	D	0.01%	0.08%	0.01%
	OXY	F	0.03%	0.07%	0.03%
	PANW	B	0.18%	0.16%	0.16%
	PARA	B	0.02%	0.2%	0.02%
	PAYC	B	0.02%	0.22%	0.02%
	PAYX	B	0.1%	0.21%	0.1%
	PCAR	B	0.11%	0.13%	0.11%
	PCG	A	0.03%	0.08%	0.03%
	PEG	C	0.02%	0.26%	0.02%
	PEP	D	0.79%	0.18%	0.18%
	PFE	F	0.19%	0.24%	0.19%
	PFG	C	0.02%	0.21%	0.02%
	PG	C	0.89%	0.42%	0.42%
	PGR	A	0.35%	0.19%	0.19%
	PH	A	0.02%	0.08%	0.02%
	PHM	D	0.06%	0.25%	0.06%
	PKG	B	0.04%	0.06%	0.04%
	PLD	D	0.04%	0.06%	0.04%
	PLTR	B	0.0%	0.23%	0.0%
	PM	B	0.07%	0.35%	0.07%
	PNC	B	0.09%	0.06%	0.06%
	PNR	A	0.03%	0.19%	0.03%
	PODD	B	0.0%	0.1%	0.0%
	POOL	D	0.03%	0.13%	0.03%
	PPG	F	0.01%	0.07%	0.01%
	PPL	A	0.01%	0.08%	0.01%
	PRU	B	0.05%	0.2%	0.05%
	PSA	D	0.08%	0.11%	0.08%
	PSX	C	0.13%	0.51%	0.13%
	PTC	B	0.08%	0.17%	0.08%
	PWR	B	0.01%	0.4%	0.01%
	PYPL	A	0.04%	0.06%	0.04%
	QCOM	F	0.34%	0.22%	0.22%
	QRVO	F	0.0%	0.21%	0.0%
	RCL	A	0.01%	0.09%	0.01%
	REG	A	0.01%	0.06%	0.01%
	REGN	F	0.33%	0.22%	0.22%
	RF	A	0.03%	0.06%	0.03%
	RJF	A	0.02%	0.25%	0.02%
	RMD	C	0.05%	0.09%	0.05%
	ROK	B	0.06%	0.03%	0.03%
	ROL	C	0.08%	0.18%	0.08%
	ROP	A	0.49%	0.03%	0.03%
	ROST	D	0.02%	0.72%	0.02%
	RSG	B	0.45%	0.18%	0.18%
	RTX	D	0.09%	0.08%	0.08%
	RVTY	C	0.01%	0.1%	0.01%
	SBAC	D	0.01%	0.06%	0.01%
	SBUX	B	0.04%	0.48%	0.04%
	SCHW	B	0.04%	0.25%	0.04%
	SHW	A	0.14%	0.06%	0.06%
	SJM	F	0.07%	0.21%	0.07%
	SLB	C	0.03%	0.35%	0.03%
	SMCI	F	0.02%	0.15%	0.02%
	SNA	A	0.04%	0.25%	0.04%
	SNPS	C	0.13%	0.34%	0.13%
	SO	D	0.45%	0.08%	0.08%
	SOLV	C	0.03%	0.05%	0.03%
	SPG	A	0.02%	0.07%	0.02%
	SPGI	C	0.03%	0.04%	0.03%
	SRE	B	0.03%	0.08%	0.03%
	STE	D	0.01%	0.12%	0.01%
	STLD	C	0.03%	0.27%	0.03%
	STT	B	0.03%	0.12%	0.03%
	STX	D	0.01%	0.17%	0.01%
	STZ	D	0.01%	0.25%	0.01%
	SW	B	0.03%	0.07%	0.03%
	SWK	F	0.01%	0.27%	0.01%
	SWKS	F	0.03%	0.21%	0.03%
	SYF	B	0.04%	0.69%	0.04%
	SYK	A	0.03%	0.12%	0.03%
	SYY	D	0.03%	0.75%	0.03%
	T	A	0.38%	0.33%	0.33%
	TAP	B	0.01%	0.25%	0.01%
	TDG	D	0.01%	0.08%	0.01%
	TDY	B	0.06%	0.03%	0.03%
	TECH	D	0.0%	0.15%	0.0%
	TER	F	0.03%	0.17%	0.03%
	TFC	B	0.09%	0.06%	0.06%
	TFX	F	0.0%	0.05%	0.0%
	TGT	C	0.14%	0.17%	0.14%
	TJX	A	0.33%	0.72%	0.33%
	TMO	F	0.06%	0.14%	0.06%
	TMUS	A	0.73%	0.33%	0.33%
	TRGP	B	0.04%	0.24%	0.04%
	TRMB	B	0.01%	0.03%	0.01%
	TROW	A	0.05%	0.09%	0.05%
	TRV	B	0.29%	0.14%	0.14%
	TSCO	D	0.06%	0.12%	0.06%
	TSLA	B	0.14%	0.28%	0.14%
	TSN	B	0.13%	0.36%	0.13%
	TT	B	0.14%	0.07%	0.07%
	TTWO	A	0.01%	0.49%	0.01%
	TXN	B	0.51%	0.23%	0.23%
	TXT	D	0.01%	0.16%	0.01%
	TYL	B	0.0%	0.22%	0.0%
	UBER	F	0.01%	0.11%	0.01%
	UDR	C	0.0%	0.1%	0.0%
	UHS	D	0.01%	0.32%	0.01%
	ULTA	C	0.07%	0.17%	0.07%
	UNH	B	1.34%	0.26%	0.26%
	UNP	D	0.27%	0.08%	0.08%
	UPS	C	0.07%	0.09%	0.07%
	URI	B	0.02%	0.14%	0.02%
	USB	B	0.09%	0.06%	0.06%
	V	A	1.19%	0.04%	0.04%
	VICI	D	0.02%	0.06%	0.02%
	VLO	C	0.07%	0.5%	0.07%
	VLTO	D	0.05%	0.03%	0.03%
	VMC	B	0.01%	0.17%	0.01%
	VRSK	A	0.01%	0.04%	0.01%
	VRSN	C	0.14%	0.27%	0.14%
	VRTX	B	0.45%	0.23%	0.23%
	VST	B	0.01%	0.41%	0.01%
	VTR	C	0.01%	0.11%	0.01%
	VTRS	B	0.03%	0.24%	0.03%
	VZ	D	0.56%	0.33%	0.33%
	WAB	B	0.01%	0.13%	0.01%
	WAT	B	0.04%	0.15%	0.04%
	WBA	D	0.04%	0.64%	0.04%
	WBD	B	0.06%	0.19%	0.06%
	WDC	D	0.01%	0.17%	0.01%
	WEC	B	0.19%	0.07%	0.07%
	WELL	B	0.02%	0.11%	0.02%
	WFC	A	0.27%	0.13%	0.13%
	WM	A	0.52%	0.18%	0.18%
	WMB	B	0.19%	0.25%	0.19%
	WMT	A	0.75%	0.73%	0.73%
	WRB	B	0.14%	0.14%	0.14%
	WST	B	0.04%	0.05%	0.04%
	WTW	A	0.07%	0.03%	0.03%
	WY	F	0.02%	0.17%	0.02%
	WYNN	C	0.0%	0.08%	0.0%
	XEL	A	0.08%	0.08%	0.08%
	XOM	B	0.47%	0.77%	0.47%
	XYL	F	0.01%	0.19%	0.01%
	YUM	B	0.15%	0.51%	0.15%
	ZBH	C	0.01%	0.12%	0.01%
	ZBRA	B	0.01%	0.13%	0.01%
	ZTS	D	0.15%	0.25%	0.15%

QWLD Overweight 126 Positions Relative to SSPY

	Symbol	Grade	Weight
	NVS	F	0.81%
	UL	D	0.27%
	WCN	A	0.26%
	HSBH	A	0.25%
	MFG	A	0.22%
	LRCX	F	0.2%
	BAH	C	0.18%
	CHKP	C	0.17%
	UTHR	B	0.16%
	TM	F	0.14%
	MUFG	A	0.13%
	FCNCA	B	0.12%
	TD	D	0.12%
	MKL	A	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%
	SONY	C	0.08%
	STLA	F	0.08%
	HMC	F	0.07%
	BMRN	F	0.07%
	LOGI	F	0.06%
	VEEV	B	0.05%
	DINO	D	0.05%
	MT	C	0.05%
	LNG	B	0.05%
	TPL	B	0.05%
	MANH	C	0.04%
	WDAY	B	0.04%
	EME	B	0.04%
	LPLA	A	0.04%
	BTI	C	0.04%
	GGG	B	0.03%
	OC	A	0.03%
	CSL	B	0.03%
	WSO	B	0.03%
	WSM	F	0.03%
	ACI	C	0.02%
	ALLY	C	0.02%
	NMR	B	0.02%
	CNH	D	0.02%
	TTC	F	0.02%
	APO	B	0.02%
	SEIC	A	0.02%
	RS	C	0.02%
	OVV	C	0.02%
	AFG	A	0.02%
	AER	B	0.02%
	DKS	D	0.02%
	ARES	B	0.01%
	WTRG	C	0.01%
	UHAL	D	0.01%
	FBIN	F	0.01%
	RPRX	F	0.01%
	GLPI	D	0.01%
	RPM	A	0.01%
	BURL	C	0.01%
	COIN	B	0.01%
	TRU	D	0.01%
	SUI	F	0.01%
	TWLO	B	0.01%
	MBAVU	C	0.01%
	WPC	F	0.01%
	AVTR	F	0.01%
	CCEP	C	0.01%
	CG	B	0.01%
	ZM	B	0.01%
	ACM	B	0.01%
	AGCO	F	0.01%
	CHRD	D	0.01%
	CCK	D	0.01%
	SE	B	0.01%
	SSNC	C	0.01%
	WFG	C	0.01%
	KNX	C	0.01%
	MRVL	B	0.01%
	BSY	F	0.01%
	FNF	C	0.01%
	EQH	B	0.01%
	CRBG	C	0.01%
	SQ	B	0.01%
	MELI	D	0.01%
	GLBE	B	0.0%
	IOT	B	0.0%
	NET	B	0.0%
	XRX	F	0.0%
	TOST	A	0.0%
	RBLX	B	0.0%
	DKNG	B	0.0%
	DDOG	B	0.0%
	SNAP	C	0.0%
	H	B	0.0%
	PSTG	D	0.0%
	HEI	A	0.0%
	FUTU	C	0.0%
	DT	C	0.0%
	DOCU	B	0.0%
	SNOW	C	0.0%
	GRAB	B	0.0%
	PINS	F	0.0%
	MSTR	B	0.0%
	EXAS	F	0.0%
	ROKU	C	0.0%
	OKTA	C	0.0%
	APP	B	0.0%
	LII	B	0.0%
	Z	B	0.0%
	HOOD	B	0.0%
	ELS	B	0.0%
	TTD	B	0.0%
	HEI	A	0.0%
	TW	B	0.0%
	RIVN	F	0.0%
	ENTG	F	0.0%
	WLK	F	0.0%
	VRT	B	0.0%
	QGEN	D	0.0%
	AMH	C	0.0%
	OTEX	F	0.0%
	BIO	C	0.0%
	DASH	A	0.0%
	ILMN	C	0.0%

QWLD Underweight 18 Positions Relative to SSPY

	Symbol	Grade	Weight
	BWA	B	-0.42%
	TPR	A	-0.33%
	RL	B	-0.32%
	UAL	A	-0.28%
	HAS	D	-0.26%
	GL	B	-0.2%
	MHK	D	-0.19%
	TEL	B	-0.19%
	MTD	F	-0.15%
	NWS	B	-0.1%
	FMC	F	-0.09%
	NCLH	B	-0.09%
	IVZ	B	-0.09%
	GNRC	B	-0.08%
	BLK	A	-0.08%
	CZR	F	-0.07%
	PNW	A	-0.07%
	FRT	B	-0.06%

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

SSPY: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

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