QWLD vs. USNZ ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ)

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

$126.95

Average Daily Volume

3,695

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

USNZ

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

USNZ Description

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF is an exchange traded fund launched and managed by DBX Advisors LLC. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the Solactive ISS ESG United States Net Zero Pathway Enhanced Index, by using full replication technique. The fund does not invest in companies operating across controversial weapons, exhibit poor overall ESG performance, fossil fuels, oil sands, hydraulic fracturing and shale oil/gas, artic or deep water drilling, tobacco, weapons and firearms, alcohol, gambling, adult entertainment or recreational cannabis. Xtrackers Net Zero Pathway Paris Aligned US Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$37.52

Average Daily Volume

6,684

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	USNZ
30 Days	-2.18%	-0.93%
60 Days	-0.60%	1.92%
90 Days	0.24%	2.94%
12 Months	21.49%	29.66%

314 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in USNZ	Overlap
A	F	0.07%	0.09%	0.07%
AAPL	C	2.5%	8.59%	2.5%
ABBV	F	0.16%	0.72%	0.16%
ABBV	F	0.41%	0.72%	0.41%
ABNB	D	0.01%	0.13%	0.01%
ABT	A	0.09%	0.52%	0.09%
ACGL	D	0.25%	0.07%	0.07%
ACN	C	0.65%	0.5%	0.5%
ADBE	D	0.42%	0.48%	0.42%
ADI	D	0.04%	0.3%	0.04%
ADM	D	0.05%	0.0%	0.0%
ADP	B	0.26%	0.26%	0.26%
ADSK	B	0.1%	0.14%	0.1%
AFL	C	0.12%	0.11%	0.11%
AIG	C	0.07%	0.09%	0.07%
AJG	B	0.18%	0.14%	0.14%
AKAM	F	0.13%	0.03%	0.03%
ALGN	D	0.0%	0.12%	0.0%
ALL	A	0.07%	0.07%	0.07%
AMAT	F	0.32%	0.38%	0.32%
AMD	F	0.04%	0.52%	0.04%
AMGN	D	0.18%	0.42%	0.18%
AMP	A	0.09%	0.1%	0.09%
AMT	D	0.02%	0.29%	0.02%
ANET	C	0.21%	0.29%	0.21%
AON	B	0.17%	0.16%	0.16%
APO	A	0.02%	0.15%	0.02%
APTV	F	0.01%	0.1%	0.01%
ARE	F	0.01%	0.13%	0.01%
ARES	A	0.01%	0.08%	0.01%
AVB	B	0.01%	0.18%	0.01%
AVGO	C	0.12%	1.67%	0.12%
AVTR	F	0.01%	0.12%	0.01%
AWK	C	0.01%	0.49%	0.01%
AXP	B	0.06%	0.35%	0.06%
AZO	C	0.29%	0.23%	0.23%
BAC	A	0.38%	0.63%	0.38%
BALL	D	0.01%	0.12%	0.01%
BAX	F	0.01%	0.12%	0.01%
BBY	D	0.05%	0.08%	0.05%
BDX	F	0.08%	0.24%	0.08%
BIIB	F	0.01%	0.12%	0.01%
BK	B	0.05%	0.13%	0.05%
BKNG	A	0.03%	0.35%	0.03%
BMRN	F	0.07%	0.11%	0.07%
BMY	A	0.21%	0.4%	0.21%
BR	B	0.04%	0.05%	0.04%
BSX	A	0.02%	0.38%	0.02%
C	B	0.25%	0.26%	0.25%
CAG	F	0.04%	0.09%	0.04%
CAH	B	0.12%	0.1%	0.1%
CARR	D	0.02%	0.12%	0.02%
CB	C	0.38%	0.24%	0.24%
CBOE	C	0.24%	0.05%	0.05%
CBRE	B	0.03%	0.06%	0.03%
CCI	C	0.01%	0.2%	0.01%
CDNS	B	0.14%	0.17%	0.14%
CDW	F	0.08%	0.05%	0.05%
CFG	B	0.04%	0.03%	0.03%
CHD	A	0.18%	0.16%	0.16%
CHTR	B	0.06%	0.08%	0.06%
CI	D	0.17%	0.17%	0.17%
CINF	A	0.02%	0.04%	0.02%
CL	D	0.19%	0.22%	0.19%
CLX	A	0.01%	0.16%	0.01%
CMCSA	B	0.17%	0.35%	0.17%
CME	A	0.15%	0.17%	0.15%
CMG	C	0.13%	0.17%	0.13%
CNC	F	0.05%	0.07%	0.05%
COF	B	0.1%	0.11%	0.1%
COIN	A	0.01%	0.12%	0.01%
COR	B	0.42%	0.17%	0.17%
CPAY	A	0.01%	0.06%	0.01%
CPB	D	0.09%	0.1%	0.09%
CPRT	B	0.08%	0.21%	0.08%
CRM	B	0.05%	0.64%	0.05%
CRWD	B	0.0%	0.16%	0.0%
CSCO	B	1.02%	0.59%	0.59%
CSGP	F	0.0%	0.06%	0.0%
CTAS	B	0.14%	0.17%	0.14%
CTSH	C	0.21%	0.08%	0.08%
CTVA	C	0.05%	0.19%	0.05%
CVS	F	0.18%	0.24%	0.18%
DAL	A	0.01%	0.17%	0.01%
DASH	A	0.0%	0.29%	0.0%
DDOG	A	0.0%	0.07%	0.0%
DE	C	0.06%	0.29%	0.06%
DFS	B	0.04%	0.1%	0.04%
DGX	A	0.1%	0.04%	0.04%
DHI	D	0.11%	0.19%	0.11%
DHR	D	0.05%	0.43%	0.05%
DIS	B	0.08%	0.41%	0.08%
DLR	A	0.02%	0.24%	0.02%
DOC	D	0.01%	0.14%	0.01%
DOV	B	0.05%	0.13%	0.05%
DPZ	C	0.06%	0.03%	0.03%
DXCM	C	0.0%	0.13%	0.0%
EA	A	0.19%	0.08%	0.08%
EBAY	D	0.01%	0.19%	0.01%
ECL	D	0.01%	0.23%	0.01%
EFX	F	0.01%	0.07%	0.01%
EG	D	0.06%	0.02%	0.02%
EIX	C	0.02%	0.56%	0.02%
EL	F	0.01%	0.1%	0.01%
ELV	F	0.22%	0.19%	0.19%
ENPH	F	0.02%	0.08%	0.02%
EQIX	A	0.01%	0.29%	0.01%
EQR	C	0.01%	0.16%	0.01%
ESS	A	0.01%	0.15%	0.01%
EW	C	0.07%	0.16%	0.07%
EXPD	D	0.04%	0.12%	0.04%
EXPE	B	0.01%	0.06%	0.01%
EXR	C	0.01%	0.19%	0.01%
F	C	0.09%	0.09%	0.09%
FAST	B	0.09%	0.23%	0.09%
FDX	B	0.07%	0.22%	0.07%
FI	A	0.08%	0.27%	0.08%
FICO	B	0.04%	0.12%	0.04%
FIS	C	0.02%	0.1%	0.02%
FITB	B	0.03%	0.07%	0.03%
FNF	A	0.01%	0.02%	0.01%
FOX	A	0.01%	0.01%	0.01%
FOXA	B	0.01%	0.02%	0.01%
FTNT	B	0.01%	0.12%	0.01%
GEHC	D	0.02%	0.18%	0.02%
GEN	B	0.12%	0.04%	0.04%
GILD	C	0.25%	0.38%	0.25%
GIS	F	0.33%	0.16%	0.16%
GLW	B	0.02%	0.16%	0.02%
GM	B	0.18%	0.16%	0.16%
GOOG	B	0.95%	1.89%	0.95%
GOOGL	B	1.08%	2.1%	1.08%
GPC	F	0.05%	0.12%	0.05%
GPN	C	0.02%	0.07%	0.02%
GRMN	B	0.05%	0.19%	0.05%
GS	B	0.17%	0.4%	0.17%
GWW	B	0.11%	0.19%	0.11%
HBAN	B	0.03%	0.06%	0.03%
HCA	F	0.04%	0.14%	0.04%
HD	A	0.14%	0.89%	0.14%
HIG	B	0.03%	0.05%	0.03%
HOLX	D	0.01%	0.14%	0.01%
HPQ	B	0.04%	0.13%	0.04%
HRL	D	0.09%	0.08%	0.08%
HSY	F	0.16%	0.15%	0.15%
HUM	D	0.16%	0.08%	0.08%
ICE	C	0.03%	0.19%	0.03%
IDXX	F	0.07%	0.16%	0.07%
IFF	D	0.01%	0.12%	0.01%
ILMN	C	0.0%	0.18%	0.0%
INCY	C	0.16%	0.16%	0.16%
INTC	C	0.1%	0.29%	0.1%
INTU	B	0.25%	0.39%	0.25%
INVH	D	0.01%	0.14%	0.01%
IP	A	0.02%	0.06%	0.02%
IQV	F	0.01%	0.07%	0.01%
IRM	C	0.01%	0.19%	0.01%
ISRG	A	0.25%	0.52%	0.25%
IT	C	0.04%	0.08%	0.04%
JBHT	C	0.03%	0.14%	0.03%
JCI	B	0.03%	0.12%	0.03%
JNJ	D	1.11%	0.85%	0.85%
JPM	A	0.59%	1.42%	0.59%
K	B	0.22%	0.17%	0.17%
KDP	D	0.14%	0.17%	0.14%
KEY	B	0.03%	0.03%	0.03%
KEYS	C	0.18%	0.16%	0.16%
KHC	F	0.21%	0.13%	0.13%
KKR	A	0.02%	0.22%	0.02%
KLAC	F	0.16%	0.25%	0.16%
KMB	C	0.11%	0.17%	0.11%
KO	D	0.57%	0.59%	0.57%
LEN	D	0.09%	0.19%	0.09%
LEN	D	0.09%	0.05%	0.05%
LH	B	0.02%	0.05%	0.02%
LLY	F	1.17%	1.45%	1.17%
LOW	C	0.07%	0.38%	0.07%
LRCX	F	0.2%	0.27%	0.2%
LULU	C	0.07%	0.2%	0.07%
LUV	B	0.0%	0.11%	0.0%
LYV	A	0.0%	0.04%	0.0%
MA	B	0.7%	0.89%	0.7%
MAA	A	0.01%	0.15%	0.01%
MAS	D	0.01%	0.12%	0.01%
MCD	D	0.41%	0.44%	0.41%
MCHP	F	0.06%	0.13%	0.06%
MCK	A	0.51%	0.25%	0.25%
MCO	D	0.12%	0.17%	0.12%
MDLZ	F	0.15%	0.27%	0.15%
MDT	D	0.06%	0.34%	0.06%
MELI	D	0.01%	0.29%	0.01%
MET	A	0.05%	0.08%	0.05%
META	C	2.14%	3.18%	2.14%
MKC	D	0.01%	0.15%	0.01%
MKL	A	0.12%	0.04%	0.04%
MLM	B	0.01%	0.16%	0.01%
MMC	D	0.51%	0.23%	0.23%
MPWR	F	0.06%	0.12%	0.06%
MRK	F	0.44%	0.59%	0.44%
MRNA	F	0.01%	0.06%	0.01%
MRVL	B	0.01%	0.25%	0.01%
MS	A	0.11%	0.35%	0.11%
MSCI	B	0.0%	0.1%	0.0%
MSFT	D	2.29%	8.14%	2.29%
MSI	B	0.61%	0.29%	0.29%
MTB	A	0.05%	0.06%	0.05%
MU	D	0.04%	0.29%	0.04%
NDAQ	A	0.01%	0.07%	0.01%
NET	B	0.0%	0.06%	0.0%
NFLX	A	0.51%	0.72%	0.51%
NKE	F	0.16%	0.29%	0.16%
NOW	B	0.01%	0.43%	0.01%
NTAP	C	0.04%	0.13%	0.04%
NTRS	A	0.02%	0.05%	0.02%
NUE	D	0.05%	0.08%	0.05%
NVDA	A	2.56%	7.67%	2.56%
NVR	D	0.06%	0.16%	0.06%
O	C	0.02%	0.21%	0.02%
ODFL	B	0.08%	0.22%	0.08%
OKTA	D	0.0%	0.03%	0.0%
OMC	C	0.04%	0.04%	0.04%
ON	F	0.01%	0.14%	0.01%
ORCL	A	0.25%	0.6%	0.25%
ORLY	B	0.24%	0.27%	0.24%
OTIS	C	0.01%	0.18%	0.01%
PANW	B	0.18%	0.26%	0.18%
PAYX	B	0.1%	0.1%	0.1%
PCAR	C	0.11%	0.13%	0.11%
PEP	F	0.79%	0.56%	0.56%
PFE	F	0.19%	0.4%	0.19%
PFG	C	0.02%	0.03%	0.02%
PG	C	0.89%	0.89%	0.89%
PGR	B	0.35%	0.3%	0.3%
PHM	D	0.06%	0.16%	0.06%
PINS	F	0.0%	0.04%	0.0%
PKG	B	0.04%	0.16%	0.04%
PLD	D	0.04%	0.32%	0.04%
PNC	B	0.09%	0.16%	0.09%
PPG	F	0.01%	0.14%	0.01%
PRU	B	0.05%	0.07%	0.05%
PSA	C	0.08%	0.23%	0.08%
PYPL	B	0.04%	0.19%	0.04%
QCOM	F	0.34%	0.45%	0.34%
RBLX	B	0.0%	0.05%	0.0%
REGN	F	0.33%	0.25%	0.25%
RF	A	0.03%	0.02%	0.02%
RJF	A	0.02%	0.07%	0.02%
RMD	C	0.05%	0.2%	0.05%
ROL	B	0.08%	0.04%	0.04%
RPRX	F	0.01%	0.13%	0.01%
SBAC	D	0.01%	0.17%	0.01%
SCHW	A	0.04%	0.25%	0.04%
SHW	C	0.14%	0.31%	0.14%
SMCI	F	0.02%	0.04%	0.02%
SNA	B	0.04%	0.16%	0.04%
SNAP	D	0.0%	0.02%	0.0%
SNOW	C	0.0%	0.08%	0.0%
SNPS	C	0.13%	0.17%	0.13%
SPG	A	0.02%	0.24%	0.02%
SPGI	D	0.03%	0.34%	0.03%
SQ	A	0.01%	0.1%	0.01%
SSNC	C	0.01%	0.03%	0.01%
STE	D	0.01%	0.15%	0.01%
STT	B	0.03%	0.07%	0.03%
STX	D	0.01%	0.11%	0.01%
SWKS	F	0.03%	0.09%	0.03%
SYF	B	0.04%	0.06%	0.04%
SYK	A	0.03%	0.36%	0.03%
SYY	D	0.03%	0.18%	0.03%
T	A	0.38%	0.32%	0.32%
TER	F	0.03%	0.09%	0.03%
TFC	A	0.09%	0.12%	0.09%
TGT	B	0.14%	0.21%	0.14%
TMO	F	0.06%	0.53%	0.06%
TMUS	B	0.73%	0.23%	0.23%
TROW	B	0.05%	0.06%	0.05%
TRU	D	0.01%	0.05%	0.01%
TRV	A	0.29%	0.11%	0.11%
TSCO	D	0.06%	0.12%	0.06%
TSN	B	0.13%	0.0%	0.0%
TT	A	0.14%	0.0%	0.0%
TTD	B	0.0%	0.11%	0.0%
TTWO	A	0.01%	0.06%	0.01%
TXN	C	0.51%	0.47%	0.47%
UBER	F	0.01%	0.39%	0.01%
ULTA	F	0.07%	0.14%	0.07%
UNH	C	1.34%	1.11%	1.11%
UPS	C	0.07%	0.29%	0.07%
USB	B	0.09%	0.14%	0.09%
V	A	1.19%	1.01%	1.01%
VEEV	C	0.05%	0.07%	0.05%
VICI	C	0.02%	0.19%	0.02%
VRSK	B	0.01%	0.09%	0.01%
VRSN	F	0.14%	0.03%	0.03%
VRTX	D	0.45%	0.36%	0.36%
VTR	B	0.01%	0.18%	0.01%
VZ	C	0.56%	0.35%	0.35%
WAB	B	0.01%	0.12%	0.01%
WAT	C	0.04%	0.18%	0.04%
WBD	B	0.06%	0.05%	0.05%
WDAY	C	0.04%	0.12%	0.04%
WDC	F	0.01%	0.08%	0.01%
WELL	A	0.02%	0.31%	0.02%
WFC	A	0.27%	0.51%	0.27%
WM	B	0.52%	0.28%	0.28%
WRB	B	0.14%	0.03%	0.03%
WST	D	0.04%	0.16%	0.04%
WTW	B	0.07%	0.07%	0.07%
WY	D	0.02%	0.15%	0.02%
YUM	D	0.15%	0.05%	0.05%
ZBH	C	0.01%	0.15%	0.01%
ZBRA	B	0.01%	0.16%	0.01%
ZM	B	0.01%	0.04%	0.01%
ZTS	D	0.15%	0.27%	0.15%

QWLD Overweight 296 Positions Relative to USNZ

Symbol	Grade	Weight
NVS	D	0.81%
WMT	A	0.75%
COST	A	0.75%
BRK.A	B	0.72%
ROP	C	0.49%
IBM	C	0.48%
XOM	B	0.47%
RSG	A	0.45%
SO	C	0.45%
LMT	D	0.43%
APH	B	0.43%
CAT	C	0.39%
AMZN	B	0.37%
ED	C	0.36%
DUK	C	0.36%
TJX	A	0.33%
NOC	D	0.33%
KR	B	0.32%
GE	D	0.31%
CVX	A	0.31%
UNP	D	0.27%
UL	D	0.27%
WCN	A	0.26%
HON	B	0.25%
HSBH	A	0.25%
GDDY	A	0.23%
MFG	A	0.22%
WMB	A	0.19%
GD	D	0.19%
WEC	A	0.19%
BAH	D	0.18%
L	A	0.17%
MPC	D	0.17%
CHKP	D	0.17%
UTHR	C	0.16%
FFIV	B	0.16%
ITW	B	0.14%
BRO	B	0.14%
TSLA	A	0.14%
TM	D	0.14%
MMM	D	0.14%
JNPR	D	0.13%
PSX	C	0.13%
MUFG	A	0.13%
FCNCA	A	0.12%
CSX	C	0.12%
TD	D	0.12%
E	F	0.12%
ERIE	F	0.12%
CF	A	0.12%
DEO	F	0.11%
BCS	B	0.11%
NBIX	C	0.11%
SMFG	A	0.1%
COP	B	0.1%
CNI	F	0.1%
LYG	C	0.09%
FANG	D	0.09%
RTX	D	0.09%
CMI	A	0.09%
AMCR	D	0.08%
KVUE	A	0.08%
AIZ	A	0.08%
SONY	B	0.08%
PTC	B	0.08%
XEL	A	0.08%
STLA	F	0.08%
AEE	A	0.08%
JKHY	D	0.07%
PM	A	0.07%
AEP	C	0.07%
MNST	C	0.07%
HMC	F	0.07%
SJM	D	0.07%
VLO	C	0.07%
D	C	0.06%
TDY	B	0.06%
LOGI	F	0.06%
LIN	D	0.06%
ROK	B	0.06%
MOH	F	0.06%
VLTO	C	0.05%
DECK	A	0.05%
DINO	D	0.05%
MT	B	0.05%
CMS	C	0.05%
LNG	A	0.05%
NEE	C	0.05%
TPL	A	0.05%
EOG	A	0.05%
SBUX	A	0.04%
KMI	A	0.04%
HPE	B	0.04%
DOW	F	0.04%
NEM	D	0.04%
MANH	D	0.04%
MO	A	0.04%
WBA	F	0.04%
TRGP	A	0.04%
HUBB	B	0.04%
EME	A	0.04%
LPLA	A	0.04%
BLDR	D	0.04%
BTI	C	0.04%
LHX	B	0.03%
LNT	A	0.03%
ETR	A	0.03%
VTRS	A	0.03%
GGG	B	0.03%
DVN	F	0.03%
AVY	D	0.03%
BX	A	0.03%
FCX	F	0.03%
STLD	B	0.03%
APD	A	0.03%
FDS	B	0.03%
IEX	B	0.03%
APA	F	0.03%
LYB	F	0.03%
PNR	B	0.03%
POOL	D	0.03%
SW	A	0.03%
OKE	A	0.03%
NSC	B	0.03%
ETN	B	0.03%
EMR	A	0.03%
SLB	C	0.03%
OC	A	0.03%
CSL	C	0.03%
EXC	C	0.03%
SOLV	F	0.03%
PCG	A	0.03%
WSO	A	0.03%
WSM	D	0.03%
DRI	C	0.03%
SRE	A	0.03%
OXY	F	0.03%
PARA	D	0.02%
NRG	B	0.02%
ACI	C	0.02%
ALLY	C	0.02%
HAL	C	0.02%
NMR	B	0.02%
CNH	C	0.02%
TTC	F	0.02%
MKTX	D	0.02%
NXPI	F	0.02%
SEIC	B	0.02%
AOS	F	0.02%
ROST	D	0.02%
RS	B	0.02%
OVV	C	0.02%
DTE	C	0.02%
JBL	C	0.02%
CEG	C	0.02%
AFG	A	0.02%
AER	B	0.02%
CTRA	B	0.02%
MOS	D	0.02%
EPAM	C	0.02%
PH	B	0.02%
PEG	C	0.02%
PAYC	B	0.02%
MRO	A	0.02%
NDSN	D	0.02%
DKS	D	0.02%
DD	D	0.02%
BKR	B	0.02%
URI	B	0.02%
ALLE	D	0.02%
IPG	F	0.02%
GEV	A	0.02%
BG	D	0.02%
MGM	D	0.01%
CTLT	D	0.01%
DVA	C	0.01%
WTRG	B	0.01%
FSLR	F	0.01%
UHAL	D	0.01%
RCL	A	0.01%
FBIN	F	0.01%
GLPI	C	0.01%
RPM	B	0.01%
HST	D	0.01%
BURL	A	0.01%
HII	F	0.01%
TRMB	B	0.01%
REG	A	0.01%
NWSA	B	0.01%
CCL	A	0.01%
SUI	C	0.01%
TWLO	A	0.01%
MBAVU	A	0.01%
WPC	C	0.01%
HLT	A	0.01%
BEN	C	0.01%
HSIC	C	0.01%
AES	F	0.01%
CCEP	D	0.01%
CG	B	0.01%
XYL	D	0.01%
HWM	A	0.01%
ACM	B	0.01%
STZ	D	0.01%
BXP	D	0.01%
RVTY	D	0.01%
AGCO	F	0.01%
CHRD	F	0.01%
CCK	D	0.01%
CE	F	0.01%
DLTR	F	0.01%
SE	A	0.01%
FTV	D	0.01%
LKQ	F	0.01%
WFG	C	0.01%
TDG	D	0.01%
IR	B	0.01%
EMN	D	0.01%
ALB	B	0.01%
NI	A	0.01%
KNX	B	0.01%
KIM	A	0.01%
TXT	D	0.01%
VMC	B	0.01%
VST	A	0.01%
UHS	D	0.01%
PWR	A	0.01%
BSY	D	0.01%
CNP	A	0.01%
EQH	B	0.01%
LDOS	C	0.01%
EVRG	A	0.01%
J	D	0.01%
MAR	B	0.01%
TAP	B	0.01%
ATO	A	0.01%
CHRW	B	0.01%
HES	B	0.01%
AME	A	0.01%
DG	F	0.01%
DELL	B	0.01%
CRBG	B	0.01%
FE	C	0.01%
SWK	F	0.01%
BA	D	0.01%
PPL	A	0.01%
ES	C	0.01%
EQT	A	0.01%
KMX	C	0.01%
GLBE	A	0.0%
IOT	A	0.0%
XRX	F	0.0%
TOST	A	0.0%
DKNG	B	0.0%
H	B	0.0%
PSTG	F	0.0%
HEI	A	0.0%
FUTU	C	0.0%
DT	C	0.0%
PODD	B	0.0%
DOCU	B	0.0%
GRAB	A	0.0%
MSTR	A	0.0%
DAY	B	0.0%
WYNN	D	0.0%
EXAS	D	0.0%
ROKU	D	0.0%
TECH	F	0.0%
APP	A	0.0%
TYL	B	0.0%
LII	A	0.0%
Z	A	0.0%
HOOD	A	0.0%
ELS	B	0.0%
HEI	A	0.0%
TW	A	0.0%
RIVN	F	0.0%
ENTG	F	0.0%
AXON	A	0.0%
WLK	F	0.0%
PLTR	A	0.0%
VRT	A	0.0%
QGEN	F	0.0%
BBWI	C	0.0%
LW	C	0.0%
UDR	C	0.0%
LVS	B	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	C	0.0%
BIO	C	0.0%
QRVO	F	0.0%

QWLD Underweight 19 Positions Relative to USNZ

Symbol	Grade	Weight
BLK	B	-0.33%
USCA	A	-0.18%
ALNY	D	-0.17%
MTD	F	-0.15%
UAL	A	-0.15%
SPOT	B	-0.14%
SCCO	F	-0.1%
ARM	F	-0.09%
TEAM	A	-0.08%
HUBS	B	-0.07%
GFS	C	-0.06%
IBKR	A	-0.05%
ZS	B	-0.04%
MDB	C	-0.04%
DOX	D	-0.02%
SIRI	D	-0.01%
PABU	A	-0.01%
RKT	F	-0.01%
WMG	C	-0.01%