QWLD vs. VONG ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Vanguard Russell 1000 Growth ETF (VONG)

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

$128.44

Average Daily Volume

3,453

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

VONG

Vanguard Russell 1000 Growth ETF

VONG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization growth stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000® Growth Index. The index is designed to measure the performance of large-capitalization growth stocks in the United States. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$101.44

Average Daily Volume

697,039

Number of Holdings ^*

386

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	VONG
30 Days	0.82%	4.08%
60 Days	0.23%	5.73%
90 Days	0.87%	7.25%
12 Months	22.65%	36.29%

239 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in VONG	Overlap
	AAPL	C	2.57%	11.94%	2.57%
	ABBV	D	0.34%	0.57%	0.34%
	ABBV	D	0.16%	0.57%	0.16%
	ABNB	C	0.01%	0.21%	0.01%
	ADBE	C	0.42%	0.77%	0.42%
	ADP	B	0.26%	0.4%	0.26%
	ADSK	A	0.1%	0.22%	0.1%
	AJG	B	0.19%	0.02%	0.02%
	ALGN	D	0.0%	0.03%	0.0%
	ALL	A	0.08%	0.03%	0.03%
	ALLY	C	0.02%	0.0%	0.0%
	AMAT	F	0.29%	0.5%	0.29%
	AMD	F	0.03%	0.56%	0.03%
	AMGN	D	0.16%	0.49%	0.16%
	AMP	A	0.09%	0.17%	0.09%
	AMT	D	0.02%	0.36%	0.02%
	AMZN	C	0.37%	6.3%	0.37%
	ANET	C	0.19%	0.36%	0.19%
	APH	A	0.43%	0.17%	0.17%
	APO	B	0.02%	0.2%	0.02%
	APP	B	0.0%	0.16%	0.0%
	ARES	A	0.0%	0.11%	0.0%
	AVGO	D	0.11%	2.81%	0.11%
	AVY	D	0.03%	0.02%	0.02%
	AXON	A	0.0%	0.11%	0.0%
	AXP	A	0.06%	0.21%	0.06%
	AZO	C	0.28%	0.17%	0.17%
	BA	F	0.01%	0.06%	0.01%
	BAH	F	0.15%	0.08%	0.08%
	BKNG	A	0.03%	0.54%	0.03%
	BLDR	D	0.05%	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	A	0.01%	0.06%	0.01%
	BX	A	0.03%	0.43%	0.03%
	CAH	B	0.13%	0.06%	0.06%
	CAT	B	0.36%	0.09%	0.09%
	CDNS	B	0.13%	0.27%	0.13%
	CDW	F	0.07%	0.05%	0.05%
	CE	F	0.01%	0.01%	0.01%
	CEG	D	0.02%	0.05%	0.02%
	CI	F	0.18%	0.03%	0.03%
	CL	D	0.2%	0.15%	0.15%
	CLX	B	0.01%	0.07%	0.01%
	CMG	B	0.14%	0.28%	0.14%
	COIN	C	0.01%	0.11%	0.01%
	COR	B	0.41%	0.14%	0.14%
	COST	B	0.76%	1.41%	0.76%
	CPAY	A	0.01%	0.08%	0.01%
	CPRT	A	0.08%	0.15%	0.08%
	CRM	B	0.06%	0.84%	0.06%
	CRWD	B	0.0%	0.24%	0.0%
	CSL	C	0.03%	0.01%	0.01%
	CTAS	B	0.14%	0.25%	0.14%
	DASH	A	0.01%	0.17%	0.01%
	DAY	B	0.0%	0.0%	0.0%
	DDOG	A	0.0%	0.14%	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	C	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%	0.06%	0.0%
	DVA	B	0.01%	0.03%	0.01%
	DXCM	D	0.0%	0.1%	0.0%
	ECL	D	0.01%	0.19%	0.01%
	EFX	F	0.01%	0.02%	0.01%
	EG	C	0.06%	0.01%	0.01%
	EL	F	0.01%	0.02%	0.01%
	ELV	F	0.21%	0.05%	0.05%
	EME	C	0.04%	0.03%	0.03%
	ENPH	F	0.01%	0.04%	0.01%
	ENTG	D	0.0%	0.06%	0.0%
	EPAM	C	0.02%	0.0%	0.0%
	EQH	B	0.01%	0.05%	0.01%
	EQIX	A	0.02%	0.02%	0.02%
	EQT	B	0.02%	0.0%	0.0%
	EW	C	0.07%	0.03%	0.03%
	EXAS	D	0.0%	0.02%	0.0%
	EXPD	D	0.04%	0.01%	0.01%
	EXPE	B	0.01%	0.07%	0.01%
	FAST	B	0.09%	0.14%	0.09%
	FDS	B	0.03%	0.02%	0.02%
	FI	A	0.09%	0.13%	0.09%
	FICO	B	0.05%	0.15%	0.05%
	FTNT	C	0.01%	0.15%	0.01%
	GDDY	A	0.25%	0.09%	0.09%
	GE	D	0.31%	0.15%	0.15%
	GEHC	F	0.02%	0.01%	0.01%
	GOOG	C	0.94%	3.09%	0.94%
	GOOGL	C	1.07%	3.66%	1.07%
	GS	A	0.17%	0.16%	0.16%
	GWW	B	0.11%	0.15%	0.11%
	H	B	0.0%	0.0%	0.0%
	HCA	F	0.04%	0.06%	0.04%
	HD	A	0.15%	1.13%	0.15%
	HEI	B	0.0%	0.06%	0.0%
	HEI	B	0.0%	0.04%	0.0%
	HEI	B	0.0%	0.06%	0.0%
	HEI	B	0.0%	0.04%	0.0%
	HES	B	0.01%	0.09%	0.01%
	HLT	A	0.01%	0.11%	0.01%
	HON	B	0.26%	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	C	0.15%	0.0%	0.0%
	INTU	C	0.27%	0.61%	0.27%
	IQV	D	0.01%	0.02%	0.01%
	IRM	D	0.01%	0.07%	0.01%
	ISRG	A	0.25%	0.65%	0.25%
	IT	C	0.03%	0.14%	0.03%
	ITW	B	0.13%	0.11%	0.11%
	JBL	B	0.02%	0.0%	0.0%
	KKR	A	0.02%	0.1%	0.02%
	KLAC	D	0.14%	0.33%	0.14%
	KMB	D	0.11%	0.07%	0.07%
	KMX	B	0.02%	0.0%	0.0%
	KO	D	0.56%	0.53%	0.53%
	LII	A	0.0%	0.07%	0.0%
	LLY	F	1.14%	2.42%	1.14%
	LMT	D	0.42%	0.14%	0.14%
	LNG	B	0.06%	0.08%	0.06%
	LPLA	A	0.05%	0.08%	0.05%
	LRCX	F	0.18%	0.35%	0.18%
	LULU	C	0.07%	0.13%	0.07%
	LVS	C	0.0%	0.07%	0.0%
	LW	C	0.0%	0.01%	0.0%
	LYV	A	0.0%	0.07%	0.0%
	MA	C	0.71%	1.5%	0.71%
	MANH	D	0.04%	0.06%	0.04%
	MCD	D	0.42%	0.05%	0.05%
	MCK	B	0.58%	0.1%	0.1%
	MCO	B	0.13%	0.26%	0.13%
	META	D	2.11%	4.52%	2.11%
	MKL	A	0.13%	0.02%	0.02%
	MLM	B	0.01%	0.01%	0.01%
	MMC	B	0.51%	0.05%	0.05%
	MMM	D	0.14%	0.05%	0.05%
	MNST	C	0.07%	0.11%	0.07%
	MOH	F	0.06%	0.04%	0.04%
	MPWR	F	0.04%	0.13%	0.04%
	MRK	F	0.42%	0.94%	0.42%
	MRVL	B	0.01%	0.02%	0.01%
	MS	A	0.12%	0.03%	0.03%
	MSCI	C	0.0%	0.09%	0.0%
	MSFT	F	2.3%	10.99%	2.3%
	MSI	B	0.65%	0.13%	0.13%
	MSTR	C	0.0%	0.01%	0.0%
	NBIX	C	0.11%	0.04%	0.04%
	NET	B	0.0%	0.1%	0.0%
	NFLX	A	0.54%	1.18%	0.54%
	NKE	D	0.17%	0.21%	0.17%
	NOW	A	0.01%	0.7%	0.01%
	NRG	B	0.02%	0.03%	0.02%
	NTAP	C	0.04%	0.04%	0.04%
	NVDA	C	2.53%	11.3%	2.53%
	ODFL	B	0.08%	0.14%	0.08%
	OKTA	C	0.0%	0.02%	0.0%
	ORCL	B	0.25%	0.96%	0.25%
	ORLY	B	0.24%	0.22%	0.22%
	PANW	C	0.18%	0.4%	0.18%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.1%	0.06%	0.06%
	PEP	F	0.77%	0.66%	0.66%
	PG	A	0.95%	0.32%	0.32%
	PGR	A	0.35%	0.44%	0.35%
	PINS	D	0.0%	0.07%	0.0%
	PLTR	B	0.0%	0.3%	0.0%
	PODD	C	0.0%	0.06%	0.0%
	POOL	C	0.03%	0.05%	0.03%
	PSA	D	0.09%	0.03%	0.03%
	PSTG	D	0.0%	0.05%	0.0%
	PTC	A	0.08%	0.05%	0.05%
	PWR	A	0.01%	0.05%	0.01%
	QCOM	F	0.32%	0.62%	0.32%
	RBLX	C	0.0%	0.1%	0.0%
	RCL	A	0.01%	0.06%	0.01%
	REGN	F	0.31%	0.03%	0.03%
	RMD	C	0.05%	0.03%	0.03%
	ROK	B	0.06%	0.01%	0.01%
	ROKU	D	0.0%	0.0%	0.0%
	ROL	B	0.08%	0.05%	0.05%
	ROST	C	0.02%	0.04%	0.02%
	RPM	A	0.01%	0.01%	0.01%
	SBUX	A	0.04%	0.31%	0.04%
	SCHW	B	0.04%	0.04%	0.04%
	SHW	A	0.14%	0.28%	0.14%
	SMCI	F	0.01%	0.05%	0.01%
	SNOW	C	0.0%	0.13%	0.0%
	SNPS	B	0.12%	0.28%	0.12%
	SPG	B	0.02%	0.05%	0.02%
	SQ	B	0.02%	0.06%	0.02%
	SYK	C	0.03%	0.14%	0.03%
	SYY	B	0.03%	0.08%	0.03%
	TDG	D	0.01%	0.05%	0.01%
	TER	D	0.02%	0.05%	0.02%
	TJX	A	0.35%	0.28%	0.28%
	TOST	B	0.0%	0.05%	0.0%
	TPL	A	0.06%	0.08%	0.06%
	TRGP	B	0.04%	0.13%	0.04%
	TRU	D	0.01%	0.0%	0.0%
	TSCO	D	0.06%	0.1%	0.06%
	TSLA	B	0.16%	2.52%	0.16%
	TT	A	0.15%	0.1%	0.1%
	TTD	B	0.0%	0.19%	0.0%
	TW	A	0.0%	0.02%	0.0%
	TWLO	A	0.01%	0.01%	0.01%
	TXN	C	0.48%	0.08%	0.08%
	TYL	B	0.0%	0.08%	0.0%
	UBER	D	0.01%	0.53%	0.01%
	UHAL	D	0.0%	0.0%	0.0%
	UHAL	D	0.0%	0.01%	0.0%
	ULTA	F	0.06%	0.06%	0.06%
	UNH	C	1.35%	0.13%	0.13%
	UNP	C	0.26%	0.25%	0.25%
	URI	B	0.02%	0.05%	0.02%
	V	A	1.21%	1.66%	1.21%
	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	A	0.01%	0.14%	0.01%
	VRSN	F	0.14%	0.0%	0.0%
	VRT	B	0.0%	0.14%	0.0%
	VRTX	F	0.43%	0.22%	0.22%
	VST	B	0.01%	0.16%	0.01%
	WAT	B	0.04%	0.04%	0.04%
	WDAY	B	0.04%	0.18%	0.04%
	WM	A	0.52%	0.31%	0.31%
	WSM	B	0.03%	0.04%	0.03%
	WST	C	0.04%	0.05%	0.04%
	WYNN	D	0.0%	0.0%	0.0%
	YUM	B	0.15%	0.05%	0.05%
	ZBRA	B	0.01%	0.02%	0.01%
	ZTS	D	0.15%	0.25%	0.15%

QWLD Overweight 374 Positions Relative to VONG

	Symbol	Grade	Weight
	JNJ	D	1.1%
	CSCO	B	1.03%
	NVS	D	0.79%
	TMUS	B	0.76%
	WMT	A	0.76%
	BRK.A	B	0.73%
	ACN	C	0.65%
	JPM	A	0.6%
	VZ	C	0.58%
	ROP	B	0.48%
	XOM	B	0.47%
	RSG	A	0.46%
	SO	D	0.46%
	IBM	C	0.46%
	CB	C	0.4%
	T	A	0.39%
	BAC	A	0.39%
	DUK	C	0.36%
	ED	D	0.35%
	GIS	D	0.33%
	CVX	A	0.33%
	NOC	D	0.32%
	KR	B	0.31%
	TRV	B	0.3%
	WFC	A	0.28%
	UL	D	0.27%
	WCN	A	0.27%
	ACGL	D	0.26%
	HSBH	B	0.25%
	C	A	0.25%
	BLK	C	0.25%
	CBOE	B	0.24%
	MFG	B	0.24%
	GILD	C	0.24%
	K	A	0.23%
	BMY	B	0.21%
	EA	A	0.2%
	KHC	F	0.2%
	WEC	A	0.2%
	CTSH	B	0.2%
	GM	B	0.19%
	WMB	A	0.19%
	CHD	B	0.19%
	GD	F	0.18%
	PFE	D	0.18%
	KEYS	A	0.17%
	CMCSA	B	0.17%
	AON	A	0.17%
	L	A	0.17%
	CHKP	D	0.17%
	MPC	D	0.17%
	CVS	D	0.16%
	CME	A	0.16%
	FFIV	B	0.16%
	TM	D	0.15%
	TSN	B	0.15%
	TGT	F	0.15%
	UTHR	C	0.15%
	HUM	C	0.15%
	KDP	D	0.14%
	PSX	C	0.14%
	MUFG	B	0.14%
	WRB	A	0.14%
	MDLZ	F	0.14%
	CF	B	0.13%
	ERIE	D	0.12%
	GEN	B	0.12%
	JNPR	F	0.12%
	AFL	B	0.12%
	TD	F	0.12%
	E	F	0.12%
	DGX	A	0.11%
	AKAM	D	0.11%
	PCAR	B	0.11%
	CSX	B	0.11%
	BCS	C	0.11%
	FCNCA	A	0.11%
	DEO	F	0.11%
	PNC	B	0.1%
	DIS	B	0.1%
	COF	B	0.1%
	CMI	A	0.1%
	COP	C	0.1%
	CNI	D	0.1%
	INTC	D	0.1%
	SMFG	B	0.1%
	DHI	D	0.1%
	XEL	A	0.09%
	CPB	D	0.09%
	LEN	D	0.09%
	FANG	D	0.09%
	LYG	F	0.09%
	TFC	A	0.09%
	RTX	C	0.09%
	AEE	A	0.09%
	HRL	D	0.09%
	USB	A	0.09%
	ABT	B	0.09%
	F	C	0.09%
	VLO	C	0.08%
	AMCR	D	0.08%
	KVUE	A	0.08%
	AIZ	A	0.08%
	SONY	B	0.08%
	STLA	F	0.08%
	JKHY	D	0.07%
	WBD	C	0.07%
	HMC	F	0.07%
	AIG	B	0.07%
	UPS	C	0.07%
	AEP	D	0.07%
	SJM	D	0.07%
	BMRN	D	0.07%
	PM	B	0.07%
	FDX	B	0.07%
	BDX	F	0.07%
	WTW	B	0.07%
	LOW	D	0.07%
	NEE	D	0.06%
	MCHP	D	0.06%
	BBY	D	0.06%
	TDY	B	0.06%
	EOG	A	0.06%
	MDT	D	0.06%
	D	C	0.06%
	LIN	D	0.06%
	TMO	F	0.06%
	LOGI	D	0.06%
	A	D	0.06%
	PHM	D	0.06%
	DE	A	0.06%
	NVR	D	0.06%
	MTB	A	0.05%
	BTI	B	0.05%
	DOV	A	0.05%
	ADM	D	0.05%
	CNC	D	0.05%
	PRU	A	0.05%
	DINO	D	0.05%
	MT	B	0.05%
	CMS	C	0.05%
	MET	A	0.05%
	DHR	F	0.05%
	BK	A	0.05%
	GPC	D	0.05%
	TROW	B	0.05%
	CHTR	C	0.05%
	GRMN	B	0.05%
	NEM	D	0.04%
	ADI	D	0.04%
	SPGI	C	0.04%
	SNA	A	0.04%
	SRE	A	0.04%
	HPE	B	0.04%
	WBA	F	0.04%
	SYF	B	0.04%
	PKG	A	0.04%
	KMI	A	0.04%
	CFG	B	0.04%
	HUBB	B	0.04%
	MU	D	0.04%
	CAG	D	0.04%
	MO	A	0.04%
	OMC	C	0.04%
	CTVA	C	0.04%
	NUE	C	0.04%
	DFS	B	0.04%
	PLD	D	0.04%
	PYPL	B	0.04%
	EIX	B	0.03%
	DVN	F	0.03%
	LYB	F	0.03%
	SWKS	F	0.03%
	IEX	B	0.03%
	GGG	B	0.03%
	BG	F	0.03%
	ETR	B	0.03%
	JBHT	C	0.03%
	SW	A	0.03%
	NSC	B	0.03%
	CBRE	B	0.03%
	APD	A	0.03%
	LNT	A	0.03%
	ICE	C	0.03%
	HIG	B	0.03%
	PNR	A	0.03%
	SOLV	C	0.03%
	VTRS	A	0.03%
	JCI	C	0.03%
	ETN	A	0.03%
	EMR	A	0.03%
	SLB	C	0.03%
	OKE	A	0.03%
	HBAN	A	0.03%
	WSO	A	0.03%
	EXC	C	0.03%
	OC	A	0.03%
	PCG	A	0.03%
	STT	A	0.03%
	RF	A	0.03%
	OXY	D	0.03%
	DOW	F	0.03%
	FITB	A	0.03%
	HAL	C	0.02%
	TTC	D	0.02%
	NXPI	D	0.02%
	MKTX	D	0.02%
	ACI	C	0.02%
	WY	D	0.02%
	AOS	F	0.02%
	RS	B	0.02%
	SEIC	B	0.02%
	NMR	B	0.02%
	NTRS	A	0.02%
	DTE	C	0.02%
	OVV	B	0.02%
	AER	B	0.02%
	CINF	A	0.02%
	MOS	F	0.02%
	FIS	C	0.02%
	RJF	A	0.02%
	LH	C	0.02%
	AFG	A	0.02%
	PFG	D	0.02%
	CTRA	B	0.02%
	DLR	B	0.02%
	WELL	A	0.02%
	VICI	C	0.02%
	PH	A	0.02%
	CARR	D	0.02%
	GLW	B	0.02%
	MRO	B	0.02%
	NDSN	B	0.02%
	IPG	D	0.02%
	GPN	B	0.02%
	PEG	A	0.02%
	O	D	0.02%
	IP	B	0.02%
	DD	D	0.02%
	BSX	B	0.02%
	BKR	B	0.02%
	GEV	B	0.02%
	ALLE	D	0.02%
	STLD	B	0.02%
	FCX	D	0.02%
	KEY	B	0.02%
	LHX	C	0.02%
	APA	D	0.02%
	CPT	B	0.01%
	WTRG	B	0.01%
	CTLT	B	0.01%
	MGM	D	0.01%
	FSLR	F	0.01%
	RPRX	D	0.01%
	SBAC	D	0.01%
	MBAVU	D	0.01%
	HST	C	0.01%
	GLPI	C	0.01%
	HII	D	0.01%
	TRMB	B	0.01%
	FOX	A	0.01%
	AVTR	F	0.01%
	NWSA	B	0.01%
	TTWO	A	0.01%
	STE	F	0.01%
	SUI	D	0.01%
	REG	B	0.01%
	CCL	B	0.01%
	MAS	D	0.01%
	WPC	D	0.01%
	STX	D	0.01%
	MKC	D	0.01%
	INVH	D	0.01%
	HSIC	B	0.01%
	RVTY	F	0.01%
	ESS	B	0.01%
	BEN	C	0.01%
	CG	A	0.01%
	DOC	D	0.01%
	MRNA	F	0.01%
	AES	F	0.01%
	CCEP	C	0.01%
	DAL	C	0.01%
	ACM	A	0.01%
	XYL	D	0.01%
	BXP	D	0.01%
	MAA	B	0.01%
	ZM	B	0.01%
	CHRD	D	0.01%
	CCK	C	0.01%
	AGCO	D	0.01%
	STZ	D	0.01%
	ARE	D	0.01%
	BALL	D	0.01%
	SSNC	B	0.01%
	DLTR	F	0.01%
	FTV	C	0.01%
	AWK	D	0.01%
	LKQ	D	0.01%
	WFG	D	0.01%
	IR	B	0.01%
	SE	B	0.01%
	WDC	D	0.01%
	EMN	D	0.01%
	KNX	B	0.01%
	LDOS	C	0.01%
	VTR	C	0.01%
	HOLX	D	0.01%
	TXT	D	0.01%
	NDAQ	A	0.01%
	OTIS	C	0.01%
	IFF	D	0.01%
	NI	A	0.01%
	KIM	A	0.01%
	ALB	C	0.01%
	EQR	B	0.01%
	UHS	D	0.01%
	J	F	0.01%
	APTV	D	0.01%
	EBAY	D	0.01%
	FNF	B	0.01%
	AVB	B	0.01%
	MAR	B	0.01%
	ZBH	C	0.01%
	CNP	B	0.01%
	CRBG	B	0.01%
	EVRG	A	0.01%
	SWK	D	0.01%
	CHRW	C	0.01%
	ATO	A	0.01%
	BIIB	F	0.01%
	DG	F	0.01%
	AME	A	0.01%
	FOXA	B	0.01%
	WAB	B	0.01%
	BAX	D	0.01%
	MELI	D	0.01%
	ON	D	0.01%
	TAP	C	0.01%
	FE	C	0.01%
	EXR	D	0.01%
	PPG	F	0.01%
	CCI	D	0.01%
	ES	D	0.01%
	PPL	B	0.01%
	CNH	C	0.01%
	PARA	C	0.01%
	GLBE	B	0.0%
	IOT	A	0.0%
	XRX	F	0.0%
	SNAP	C	0.0%
	FUTU	D	0.0%
	GRAB	B	0.0%
	TECH	D	0.0%
	ELS	C	0.0%
	HOOD	B	0.0%
	RIVN	F	0.0%
	Z	A	0.0%
	LUV	C	0.0%
	WLK	D	0.0%
	MTCH	D	0.0%
	QGEN	D	0.0%
	BBWI	D	0.0%
	CSGP	D	0.0%
	CRL	C	0.0%
	BIO	D	0.0%
	TFX	F	0.0%
	UDR	B	0.0%
	ILMN	D	0.0%
	QRVO	F	0.0%
	OTEX	D	0.0%
	ANSS	B	0.0%
	AMH	D	0.0%
	FBIN	D	0.0%

QWLD Underweight 150 Positions Relative to VONG

	Symbol	Grade	Weight
	SPOT	B	-0.21%
	NU	C	-0.17%
	TEAM	A	-0.11%
	CPNG	D	-0.11%
	ALNY	D	-0.11%
	HUBS	A	-0.1%
	MDB	C	-0.07%
	ZS	C	-0.06%
	TXRH	C	-0.05%
	NTRA	B	-0.05%
	FIX	A	-0.05%
	XPO	B	-0.05%
	CHDN	B	-0.04%
	DUOL	A	-0.04%
	NCLH	B	-0.04%
	OWL	A	-0.04%
	SRPT	D	-0.04%
	PCOR	B	-0.03%
	GWRE	A	-0.03%
	EXP	A	-0.03%
	SMAR	A	-0.03%
	SAIA	B	-0.03%
	VKTX	F	-0.03%
	TREX	C	-0.03%
	AAON	B	-0.03%
	EXEL	B	-0.03%
	HAS	D	-0.03%
	MEDP	D	-0.03%
	TPX	B	-0.03%
	PCTY	B	-0.03%
	PEN	B	-0.03%
	WING	D	-0.03%
	LNW	D	-0.03%
	ITCI	C	-0.03%
	MORN	B	-0.03%
	MUSA	A	-0.03%
	CVNA	B	-0.03%
	KNSL	B	-0.03%
	SCCO	F	-0.03%
	OLED	D	-0.02%
	NTNX	A	-0.02%
	AZEK	A	-0.02%
	LPX	B	-0.02%
	RARE	D	-0.02%
	APPF	B	-0.02%
	PATH	C	-0.02%
	GNRC	B	-0.02%
	VVV	F	-0.02%
	MTN	C	-0.02%
	CELH	F	-0.02%
	FOUR	B	-0.02%
	CNM	D	-0.02%
	IONS	F	-0.02%
	ELF	C	-0.02%
	WFRD	D	-0.02%
	INSP	D	-0.02%
	LSCC	D	-0.02%
	GTLB	B	-0.02%
	CFLT	B	-0.02%
	ESTC	C	-0.02%
	GLOB	B	-0.02%
	RYAN	B	-0.02%
	DV	C	-0.01%
	TPG	A	-0.01%
	BROS	B	-0.01%
	BILL	A	-0.01%
	HRB	D	-0.01%
	WEN	D	-0.01%
	PFGC	B	-0.01%
	WSC	D	-0.01%
	SOFI	A	-0.01%
	AM	A	-0.01%
	DBX	B	-0.01%
	PR	B	-0.01%
	NCNO	B	-0.01%
	CLF	F	-0.01%
	FRPT	B	-0.01%
	AWI	A	-0.01%
	CACC	D	-0.01%
	NXST	C	-0.01%
	FIVN	C	-0.01%
	LBRDK	C	-0.01%
	BWXT	B	-0.01%
	SITE	D	-0.01%
	ONTO	D	-0.01%
	CASY	A	-0.01%
	U	C	-0.01%
	TTEK	F	-0.01%
	APLS	D	-0.01%
	LAMR	D	-0.01%
	RNG	B	-0.01%
	LECO	B	-0.01%
	TDC	D	-0.01%
	JEF	A	-0.01%
	MASI	A	-0.01%
	LYFT	C	-0.01%
	CHH	A	-0.01%
	PEGA	A	-0.01%
	PLNT	A	-0.01%
	HCP	B	-0.01%
	ETSY	D	-0.01%
	BRKR	D	-0.01%
	FND	C	-0.01%
	JLL	D	-0.01%
	WMS	D	-0.01%
	FIVE	F	-0.01%
	TRIP	F	-0.0%
	PYCR	C	-0.0%
	FTRE	D	-0.0%
	PPC	C	-0.0%
	CC	C	-0.0%
	SEE	C	-0.0%
	NFE	D	-0.0%
	IRDM	D	-0.0%
	LBRDA	C	-0.0%
	MSGS	A	-0.0%
	CGNX	C	-0.0%
	DOCS	C	-0.0%
	MKSI	C	-0.0%
	RLI	B	-0.0%
	UWMC	D	-0.0%
	MTDR	B	-0.0%
	SPR	D	-0.0%
	UI	A	-0.0%
	SAM	C	-0.0%
	CAR	C	-0.0%
	WH	B	-0.0%
	AAL	B	-0.0%
	WU	D	-0.0%
	WEX	D	-0.0%
	BPOP	B	-0.0%
	SKX	D	-0.0%
	SSD	D	-0.0%
	XP	F	-0.0%
	KBR	F	-0.0%
	CHE	D	-0.0%
	HLI	B	-0.0%
	BLD	D	-0.0%
	YETI	C	-0.0%
	RH	B	-0.0%
	RGEN	D	-0.0%
	TXG	F	-0.0%
	S	B	-0.0%
	CROX	D	-0.0%
	BFAM	D	-0.0%
	SN	D	-0.0%
	TKO	B	-0.0%
	DJT	C	-0.0%
	LOPE	B	-0.0%
	CIVI	D	-0.0%

QWLD: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Semiconductors 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

VONG: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Biotechnology Business Services Specialty Retail Capital Markets Restaurants Building Materials Asset Management Diagnostics & Research Semiconductor Equipment & Materials Semiconductors Aerospace & Defense 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 Cloud Infrastructure Electronics Mobile Devices Semiconductor Natural Gas Operating System Telecommunications Integrated Circuits Payment Systems