QWLD vs. VONV ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Vanguard Russell 1000 Value ETF (VONV)

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

$128.74

Average Daily Volume

3,501

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

VONV

Vanguard Russell 1000 Value ETF

VONV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000® Value Index. The index is designed to measure the performance of large-capitalization value 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

$87.40

Average Daily Volume

373,185

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	VONV
30 Days	1.16%	5.25%
60 Days	-0.17%	5.64%
90 Days	0.84%	7.59%
12 Months	22.56%	30.20%

486 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in VONV	Overlap
	A	D	0.06%	0.15%	0.06%
	ABBV	D	0.34%	0.82%	0.34%
	ABBV	D	0.16%	0.82%	0.16%
	ABT	B	0.09%	0.78%	0.09%
	ACGL	D	0.26%	0.14%	0.14%
	ACI	C	0.02%	0.03%	0.02%
	ACM	A	0.01%	0.06%	0.01%
	ACN	B	0.65%	0.87%	0.65%
	ADI	D	0.04%	0.44%	0.04%
	ADM	F	0.05%	0.11%	0.05%
	ADP	B	0.26%	0.03%	0.03%
	AEE	A	0.09%	0.09%	0.09%
	AEP	D	0.07%	0.21%	0.07%
	AES	F	0.01%	0.05%	0.01%
	AFG	A	0.02%	0.04%	0.02%
	AFL	B	0.12%	0.23%	0.12%
	AGCO	D	0.01%	0.02%	0.01%
	AIG	B	0.07%	0.2%	0.07%
	AIZ	B	0.08%	0.04%	0.04%
	AJG	A	0.19%	0.23%	0.19%
	AKAM	F	0.11%	0.06%	0.06%
	ALB	C	0.01%	0.04%	0.01%
	ALGN	D	0.0%	0.03%	0.0%
	ALL	B	0.08%	0.17%	0.08%
	ALLE	D	0.02%	0.05%	0.02%
	ALLY	C	0.02%	0.03%	0.02%
	AMAT	F	0.29%	0.05%	0.05%
	AMCR	D	0.08%	0.06%	0.06%
	AMD	F	0.03%	0.32%	0.03%
	AME	A	0.01%	0.17%	0.01%
	AMGN	D	0.16%	0.15%	0.15%
	AMH	C	0.0%	0.05%	0.0%
	AMP	B	0.09%	0.02%	0.02%
	ANSS	B	0.0%	0.11%	0.0%
	AON	A	0.17%	0.29%	0.17%
	AOS	D	0.02%	0.04%	0.02%
	APA	F	0.02%	0.03%	0.02%
	APD	A	0.03%	0.28%	0.03%
	APH	B	0.43%	0.13%	0.13%
	APO	A	0.02%	0.08%	0.02%
	APTV	F	0.01%	0.06%	0.01%
	ARE	D	0.01%	0.08%	0.01%
	ATO	A	0.01%	0.08%	0.01%
	AVB	B	0.01%	0.13%	0.01%
	AVTR	F	0.01%	0.06%	0.01%
	AVY	D	0.03%	0.04%	0.03%
	AWK	D	0.01%	0.11%	0.01%
	AXP	A	0.06%	0.38%	0.06%
	AZO	C	0.28%	0.02%	0.02%
	BA	D	0.01%	0.34%	0.01%
	BAC	A	0.39%	1.14%	0.39%
	BALL	D	0.01%	0.07%	0.01%
	BAX	F	0.01%	0.07%	0.01%
	BBWI	C	0.0%	0.03%	0.0%
	BBY	D	0.06%	0.08%	0.06%
	BDX	F	0.07%	0.27%	0.07%
	BEN	C	0.01%	0.02%	0.01%
	BG	F	0.03%	0.05%	0.03%
	BIIB	F	0.01%	0.1%	0.01%
	BIO	D	0.0%	0.03%	0.0%
	BK	A	0.05%	0.22%	0.05%
	BKNG	B	0.03%	0.04%	0.03%
	BKR	C	0.02%	0.15%	0.02%
	BLDR	C	0.05%	0.07%	0.05%
	BLK	C	0.25%	0.58%	0.25%
	BMRN	F	0.07%	0.05%	0.05%
	BMY	B	0.21%	0.45%	0.21%
	BR	A	0.04%	0.01%	0.01%
	BRK.A	B	0.73%	3.3%	0.73%
	BRO	B	0.14%	0.06%	0.06%
	BSX	C	0.02%	0.49%	0.02%
	BXP	D	0.01%	0.05%	0.01%
	C	A	0.25%	0.49%	0.25%
	CAG	D	0.04%	0.06%	0.04%
	CAH	B	0.13%	0.04%	0.04%
	CARR	C	0.02%	0.2%	0.02%
	CAT	B	0.36%	0.63%	0.36%
	CB	D	0.4%	0.46%	0.4%
	CBOE	B	0.24%	0.09%	0.09%
	CBRE	B	0.03%	0.16%	0.03%
	CCI	D	0.01%	0.19%	0.01%
	CCK	D	0.01%	0.04%	0.01%
	CCL	B	0.01%	0.09%	0.01%
	CDW	F	0.07%	0.05%	0.05%
	CE	F	0.01%	0.04%	0.01%
	CEG	D	0.02%	0.28%	0.02%
	CF	B	0.13%	0.06%	0.06%
	CFG	B	0.04%	0.08%	0.04%
	CG	B	0.01%	0.04%	0.01%
	CHD	B	0.19%	0.1%	0.1%
	CHRD	F	0.01%	0.03%	0.01%
	CHRW	C	0.01%	0.05%	0.01%
	CHTR	C	0.05%	0.12%	0.05%
	CI	D	0.18%	0.32%	0.18%
	CINF	A	0.02%	0.09%	0.02%
	CL	D	0.2%	0.14%	0.14%
	CMCSA	C	0.17%	0.67%	0.17%
	CME	A	0.16%	0.32%	0.16%
	CMI	A	0.1%	0.18%	0.1%
	CMS	C	0.05%	0.08%	0.05%
	CNC	F	0.05%	0.13%	0.05%
	CNH	A	0.01%	0.04%	0.01%
	CNP	A	0.01%	0.07%	0.01%
	COF	B	0.1%	0.25%	0.1%
	COIN	B	0.01%	0.02%	0.01%
	COP	D	0.1%	0.51%	0.1%
	CPB	D	0.09%	0.04%	0.04%
	CPRT	A	0.08%	0.01%	0.01%
	CPT	B	0.01%	0.05%	0.01%
	CRBG	B	0.01%	0.03%	0.01%
	CRL	C	0.0%	0.04%	0.0%
	CRM	B	0.06%	0.17%	0.06%
	CSCO	A	1.03%	0.89%	0.89%
	CSGP	C	0.0%	0.12%	0.0%
	CSL	B	0.03%	0.07%	0.03%
	CSX	B	0.11%	0.26%	0.11%
	CTAS	B	0.14%	0.01%	0.01%
	CTLT	B	0.01%	0.04%	0.01%
	CTRA	B	0.02%	0.07%	0.02%
	CTSH	B	0.2%	0.15%	0.15%
	CTVA	B	0.04%	0.17%	0.04%
	CVS	D	0.16%	0.29%	0.16%
	CVX	B	0.33%	1.03%	0.33%
	D	C	0.06%	0.2%	0.06%
	DAL	B	0.01%	0.15%	0.01%
	DASH	A	0.01%	0.03%	0.01%
	DAY	A	0.0%	0.04%	0.0%
	DD	D	0.02%	0.14%	0.02%
	DE	B	0.06%	0.41%	0.06%
	DELL	C	0.01%	0.11%	0.01%
	DFS	B	0.04%	0.15%	0.04%
	DG	F	0.01%	0.07%	0.01%
	DGX	B	0.11%	0.07%	0.07%
	DHI	D	0.1%	0.2%	0.1%
	DHR	D	0.05%	0.63%	0.05%
	DINO	F	0.05%	0.02%	0.02%
	DIS	B	0.1%	0.71%	0.1%
	DKS	C	0.02%	0.04%	0.02%
	DLR	A	0.02%	0.23%	0.02%
	DLTR	D	0.01%	0.05%	0.01%
	DOC	C	0.01%	0.06%	0.01%
	DOV	A	0.05%	0.1%	0.05%
	DOW	F	0.03%	0.14%	0.03%
	DPZ	C	0.06%	0.04%	0.04%
	DRI	B	0.03%	0.04%	0.03%
	DTE	C	0.02%	0.1%	0.02%
	DUK	C	0.36%	0.36%	0.36%
	DVN	F	0.03%	0.1%	0.03%
	EA	C	0.2%	0.16%	0.16%
	EBAY	C	0.01%	0.12%	0.01%
	ECL	D	0.01%	0.03%	0.01%
	ED	D	0.35%	0.14%	0.14%
	EFX	D	0.01%	0.1%	0.01%
	EG	C	0.06%	0.05%	0.05%
	EIX	A	0.03%	0.13%	0.03%
	EL	F	0.01%	0.04%	0.01%
	ELS	C	0.0%	0.05%	0.0%
	ELV	F	0.21%	0.32%	0.21%
	EME	B	0.04%	0.05%	0.04%
	EMN	D	0.01%	0.05%	0.01%
	EMR	A	0.03%	0.25%	0.03%
	EOG	C	0.06%	0.28%	0.06%
	EPAM	C	0.02%	0.04%	0.02%
	EQIX	A	0.02%	0.33%	0.02%
	EQR	B	0.01%	0.11%	0.01%
	EQT	B	0.02%	0.08%	0.02%
	ES	D	0.01%	0.09%	0.01%
	ESS	B	0.01%	0.07%	0.01%
	ETN	A	0.03%	0.53%	0.03%
	ETR	B	0.03%	0.13%	0.03%
	EVRG	A	0.01%	0.05%	0.01%
	EW	C	0.07%	0.13%	0.07%
	EXAS	F	0.0%	0.03%	0.0%
	EXC	D	0.03%	0.16%	0.03%
	EXPD	C	0.04%	0.06%	0.04%
	EXR	C	0.01%	0.14%	0.01%
	F	C	0.09%	0.16%	0.09%
	FANG	F	0.09%	0.13%	0.09%
	FAST	B	0.09%	0.03%	0.03%
	FBIN	D	0.0%	0.04%	0.0%
	FCNCA	B	0.11%	0.09%	0.09%
	FCX	F	0.02%	0.26%	0.02%
	FDS	B	0.03%	0.04%	0.03%
	FDX	B	0.07%	0.25%	0.07%
	FE	D	0.01%	0.1%	0.01%
	FFIV	A	0.16%	0.05%	0.05%
	FI	A	0.09%	0.31%	0.09%
	FICO	B	0.05%	0.03%	0.03%
	FIS	D	0.02%	0.2%	0.02%
	FITB	B	0.03%	0.12%	0.03%
	FNF	B	0.01%	0.06%	0.01%
	FOX	B	0.01%	0.02%	0.01%
	FOXA	C	0.01%	0.04%	0.01%
	FSLR	F	0.01%	0.08%	0.01%
	FTNT	C	0.01%	0.04%	0.01%
	FTV	B	0.01%	0.1%	0.01%
	GD	F	0.18%	0.32%	0.18%
	GE	D	0.31%	0.59%	0.31%
	GEHC	F	0.02%	0.14%	0.02%
	GEN	A	0.12%	0.06%	0.06%
	GEV	C	0.02%	0.33%	0.02%
	GGG	B	0.03%	0.05%	0.03%
	GILD	B	0.24%	0.44%	0.24%
	GIS	D	0.33%	0.15%	0.15%
	GLPI	B	0.01%	0.05%	0.01%
	GLW	B	0.02%	0.15%	0.02%
	GM	B	0.19%	0.23%	0.19%
	GPC	D	0.05%	0.06%	0.05%
	GPN	C	0.02%	0.11%	0.02%
	GRMN	A	0.05%	0.12%	0.05%
	GS	B	0.17%	0.48%	0.17%
	GWW	A	0.11%	0.02%	0.02%
	H	A	0.0%	0.02%	0.0%
	HAL	C	0.02%	0.1%	0.02%
	HBAN	B	0.03%	0.09%	0.03%
	HCA	F	0.04%	0.2%	0.04%
	HD	A	0.15%	0.32%	0.15%
	HES	C	0.01%	0.05%	0.01%
	HIG	B	0.03%	0.13%	0.03%
	HII	F	0.01%	0.03%	0.01%
	HLT	A	0.01%	0.11%	0.01%
	HOLX	D	0.01%	0.07%	0.01%
	HON	B	0.26%	0.45%	0.26%
	HOOD	B	0.0%	0.06%	0.0%
	HPE	B	0.04%	0.1%	0.04%
	HPQ	B	0.04%	0.11%	0.04%
	HRL	D	0.09%	0.04%	0.04%
	HSIC	B	0.01%	0.04%	0.01%
	HST	C	0.01%	0.05%	0.01%
	HSY	F	0.16%	0.09%	0.09%
	HUBB	B	0.04%	0.09%	0.04%
	HUM	C	0.15%	0.12%	0.12%
	HWM	B	0.01%	0.15%	0.01%
	IBM	C	0.46%	0.76%	0.46%
	ICE	D	0.03%	0.35%	0.03%
	IEX	B	0.03%	0.07%	0.03%
	IFF	D	0.01%	0.1%	0.01%
	ILMN	C	0.0%	0.09%	0.0%
	INCY	C	0.15%	0.04%	0.04%
	INTC	C	0.1%	0.37%	0.1%
	INVH	D	0.01%	0.08%	0.01%
	IP	B	0.02%	0.08%	0.02%
	IPG	C	0.02%	0.04%	0.02%
	IQV	F	0.01%	0.13%	0.01%
	IR	A	0.01%	0.15%	0.01%
	IRM	C	0.01%	0.06%	0.01%
	ITW	A	0.13%	0.19%	0.13%
	J	F	0.01%	0.07%	0.01%
	JBHT	C	0.03%	0.06%	0.03%
	JBL	C	0.02%	0.05%	0.02%
	JCI	C	0.03%	0.17%	0.03%
	JKHY	D	0.07%	0.05%	0.05%
	JNJ	D	1.1%	1.54%	1.1%
	JNPR	F	0.12%	0.05%	0.05%
	JPM	B	0.6%	2.55%	0.6%
	K	A	0.23%	0.08%	0.08%
	KDP	D	0.14%	0.15%	0.14%
	KEY	A	0.02%	0.06%	0.02%
	KEYS	B	0.17%	0.1%	0.1%
	KHC	D	0.2%	0.12%	0.12%
	KIM	A	0.01%	0.06%	0.01%
	KKR	B	0.02%	0.27%	0.02%
	KMB	C	0.11%	0.11%	0.11%
	KMI	B	0.04%	0.19%	0.04%
	KMX	B	0.02%	0.04%	0.02%
	KNX	B	0.01%	0.03%	0.01%
	KO	D	0.56%	0.43%	0.43%
	KR	A	0.31%	0.15%	0.15%
	KVUE	A	0.08%	0.18%	0.08%
	L	B	0.17%	0.06%	0.06%
	LDOS	D	0.01%	0.1%	0.01%
	LEN	C	0.09%	0.01%	0.01%
	LEN	C	0.09%	0.16%	0.09%
	LH	B	0.02%	0.08%	0.02%
	LHX	C	0.02%	0.19%	0.02%
	LIN	D	0.06%	0.88%	0.06%
	LKQ	D	0.01%	0.04%	0.01%
	LMT	D	0.42%	0.32%	0.32%
	LNG	B	0.06%	0.09%	0.06%
	LNT	A	0.03%	0.06%	0.03%
	LOW	C	0.07%	0.6%	0.07%
	LUV	B	0.0%	0.07%	0.0%
	LW	C	0.0%	0.03%	0.0%
	LYB	F	0.03%	0.09%	0.03%
	MAA	B	0.01%	0.07%	0.01%
	MAR	A	0.01%	0.24%	0.01%
	MAS	C	0.01%	0.07%	0.01%
	MCD	D	0.42%	0.79%	0.42%
	MCHP	F	0.06%	0.16%	0.06%
	MCK	C	0.58%	0.15%	0.15%
	MDLZ	F	0.14%	0.37%	0.14%
	MDT	D	0.06%	0.46%	0.06%
	MET	A	0.05%	0.18%	0.05%
	MGM	F	0.01%	0.03%	0.01%
	MKC	D	0.01%	0.08%	0.01%
	MKL	A	0.13%	0.06%	0.06%
	MKTX	D	0.02%	0.04%	0.02%
	MLM	B	0.01%	0.14%	0.01%
	MMC	A	0.51%	0.37%	0.37%
	MMM	D	0.14%	0.23%	0.14%
	MNST	B	0.07%	0.03%	0.03%
	MO	A	0.04%	0.37%	0.04%
	MOH	F	0.06%	0.03%	0.03%
	MOS	F	0.02%	0.03%	0.02%
	MPC	F	0.17%	0.21%	0.17%
	MRNA	F	0.01%	0.07%	0.01%
	MRO	B	0.02%	0.06%	0.02%
	MRVL	B	0.01%	0.25%	0.01%
	MS	B	0.12%	0.51%	0.12%
	MSCI	C	0.0%	0.07%	0.0%
	MSI	C	0.65%	0.16%	0.16%
	MSTR	C	0.0%	0.14%	0.0%
	MTB	B	0.05%	0.13%	0.05%
	MTCH	F	0.0%	0.04%	0.0%
	MU	D	0.04%	0.44%	0.04%
	NDAQ	A	0.01%	0.12%	0.01%
	NDSN	B	0.02%	0.06%	0.02%
	NEE	D	0.06%	0.65%	0.06%
	NEM	F	0.04%	0.21%	0.04%
	NI	A	0.01%	0.06%	0.01%
	NKE	F	0.17%	0.14%	0.14%
	NOC	D	0.32%	0.28%	0.28%
	NRG	C	0.02%	0.04%	0.02%
	NSC	A	0.03%	0.23%	0.03%
	NTAP	C	0.04%	0.05%	0.04%
	NTRS	A	0.02%	0.08%	0.02%
	NUE	D	0.04%	0.14%	0.04%
	NVR	D	0.06%	0.1%	0.06%
	NWSA	B	0.01%	0.04%	0.01%
	O	D	0.02%	0.21%	0.02%
	OC	B	0.03%	0.06%	0.03%
	OKE	C	0.03%	0.23%	0.03%
	OKTA	C	0.0%	0.03%	0.0%
	OMC	C	0.04%	0.08%	0.04%
	ON	C	0.01%	0.12%	0.01%
	ORLY	B	0.24%	0.02%	0.02%
	OTIS	C	0.01%	0.16%	0.01%
	OVV	C	0.02%	0.04%	0.02%
	OXY	F	0.03%	0.13%	0.03%
	PARA	C	0.01%	0.03%	0.01%
	PAYC	A	0.02%	0.02%	0.02%
	PAYX	B	0.1%	0.11%	0.1%
	PCAR	B	0.11%	0.21%	0.11%
	PCG	B	0.03%	0.17%	0.03%
	PEG	A	0.02%	0.18%	0.02%
	PEP	F	0.77%	0.19%	0.19%
	PFE	D	0.18%	0.64%	0.18%
	PFG	C	0.02%	0.08%	0.02%
	PG	A	0.95%	1.21%	0.95%
	PGR	A	0.35%	0.09%	0.09%
	PH	A	0.02%	0.32%	0.02%
	PHM	C	0.06%	0.11%	0.06%
	PKG	B	0.04%	0.08%	0.04%
	PLD	D	0.04%	0.42%	0.04%
	PM	B	0.07%	0.83%	0.07%
	PNC	A	0.1%	0.3%	0.1%
	PNR	B	0.03%	0.07%	0.03%
	PPG	D	0.01%	0.12%	0.01%
	PPL	B	0.01%	0.1%	0.01%
	PRU	A	0.05%	0.18%	0.05%
	PSA	C	0.09%	0.18%	0.09%
	PSTG	D	0.0%	0.01%	0.0%
	PSX	C	0.14%	0.2%	0.14%
	PTC	A	0.08%	0.03%	0.03%
	PWR	A	0.01%	0.12%	0.01%
	PYPL	A	0.04%	0.32%	0.04%
	QCOM	F	0.32%	0.05%	0.05%
	QGEN	D	0.0%	0.04%	0.0%
	QRVO	F	0.0%	0.03%	0.0%
	RCL	B	0.01%	0.13%	0.01%
	REG	B	0.01%	0.05%	0.01%
	REGN	F	0.31%	0.32%	0.31%
	RF	B	0.03%	0.09%	0.03%
	RIVN	D	0.0%	0.03%	0.0%
	RJF	A	0.02%	0.11%	0.02%
	RMD	C	0.05%	0.1%	0.05%
	ROK	B	0.06%	0.11%	0.06%
	ROKU	D	0.0%	0.03%	0.0%
	ROP	B	0.48%	0.23%	0.23%
	ROST	C	0.02%	0.14%	0.02%
	RPM	A	0.01%	0.05%	0.01%
	RPRX	D	0.01%	0.04%	0.01%
	RS	B	0.02%	0.07%	0.02%
	RSG	A	0.46%	0.16%	0.16%
	RTX	D	0.09%	0.64%	0.09%
	RVTY	D	0.01%	0.06%	0.01%
	SBAC	D	0.01%	0.1%	0.01%
	SBUX	B	0.04%	0.1%	0.04%
	SCHW	A	0.04%	0.38%	0.04%
	SEIC	A	0.02%	0.03%	0.02%
	SHW	A	0.14%	0.03%	0.03%
	SJM	D	0.07%	0.05%	0.05%
	SLB	C	0.03%	0.23%	0.03%
	SNA	A	0.04%	0.07%	0.04%
	SO	D	0.46%	0.4%	0.4%
	SOLV	C	0.03%	0.04%	0.03%
	SPG	C	0.02%	0.16%	0.02%
	SPGI	C	0.04%	0.6%	0.04%
	SQ	B	0.02%	0.09%	0.02%
	SRE	A	0.04%	0.21%	0.04%
	SSNC	A	0.01%	0.06%	0.01%
	STE	F	0.01%	0.09%	0.01%
	STLD	B	0.02%	0.08%	0.02%
	STT	A	0.03%	0.11%	0.03%
	STZ	D	0.01%	0.15%	0.01%
	SUI	D	0.01%	0.07%	0.01%
	SW	B	0.03%	0.11%	0.03%
	SWK	D	0.01%	0.06%	0.01%
	SWKS	F	0.03%	0.06%	0.03%
	SYF	A	0.04%	0.09%	0.04%
	SYK	C	0.03%	0.36%	0.03%
	SYY	C	0.03%	0.06%	0.03%
	T	A	0.39%	0.65%	0.39%
	TAP	C	0.01%	0.04%	0.01%
	TDG	D	0.01%	0.23%	0.01%
	TDY	B	0.06%	0.08%	0.06%
	TECH	C	0.0%	0.05%	0.0%
	TER	F	0.02%	0.01%	0.01%
	TFC	B	0.09%	0.23%	0.09%
	TFX	F	0.0%	0.04%	0.0%
	TGT	F	0.15%	0.28%	0.15%
	TJX	A	0.35%	0.21%	0.21%
	TMO	F	0.06%	0.84%	0.06%
	TMUS	A	0.76%	0.43%	0.43%
	TRMB	B	0.01%	0.06%	0.01%
	TROW	A	0.05%	0.1%	0.05%
	TRU	D	0.01%	0.07%	0.01%
	TRV	B	0.3%	0.22%	0.22%
	TSN	B	0.15%	0.07%	0.07%
	TT	B	0.15%	0.22%	0.15%
	TTC	D	0.02%	0.03%	0.02%
	TTWO	B	0.01%	0.11%	0.01%
	TW	B	0.0%	0.04%	0.0%
	TWLO	B	0.01%	0.04%	0.01%
	TXN	D	0.48%	0.65%	0.48%
	TXT	D	0.01%	0.06%	0.01%
	TYL	A	0.0%	0.02%	0.0%
	UDR	B	0.0%	0.06%	0.0%
	UHAL	D	0.0%	0.02%	0.0%
	UHAL	D	0.0%	0.0%	0.0%
	UHS	D	0.01%	0.05%	0.01%
	ULTA	F	0.06%	0.01%	0.01%
	UNH	B	1.35%	1.94%	1.35%
	UNP	C	0.26%	0.3%	0.26%
	UPS	C	0.07%	0.39%	0.07%
	URI	B	0.02%	0.16%	0.02%
	USB	A	0.09%	0.3%	0.09%
	UTHR	C	0.15%	0.07%	0.07%
	VICI	C	0.02%	0.13%	0.02%
	VLO	C	0.08%	0.17%	0.08%
	VLTO	C	0.05%	0.06%	0.05%
	VMC	B	0.01%	0.11%	0.01%
	VRSN	F	0.14%	0.06%	0.06%
	VRTX	D	0.43%	0.25%	0.25%
	VTR	D	0.01%	0.11%	0.01%
	VTRS	B	0.03%	0.06%	0.03%
	VZ	B	0.58%	0.71%	0.58%
	WAB	B	0.01%	0.13%	0.01%
	WAT	B	0.04%	0.03%	0.03%
	WBA	D	0.04%	0.03%	0.03%
	WBD	C	0.07%	0.08%	0.07%
	WDC	C	0.01%	0.09%	0.01%
	WEC	A	0.2%	0.12%	0.12%
	WELL	C	0.02%	0.33%	0.02%
	WFC	A	0.28%	0.91%	0.28%
	WLK	D	0.0%	0.02%	0.0%
	WMB	B	0.19%	0.25%	0.19%
	WMT	B	0.76%	1.42%	0.76%
	WPC	D	0.01%	0.05%	0.01%
	WRB	A	0.14%	0.07%	0.07%
	WSM	B	0.03%	0.03%	0.03%
	WSO	A	0.03%	0.07%	0.03%
	WST	C	0.04%	0.04%	0.04%
	WTRG	B	0.01%	0.04%	0.01%
	WTW	B	0.07%	0.12%	0.07%
	WY	D	0.02%	0.09%	0.02%
	WYNN	D	0.0%	0.04%	0.0%
	XEL	A	0.09%	0.15%	0.09%
	XOM	C	0.47%	2.1%	0.47%
	XYL	D	0.01%	0.12%	0.01%
	YUM	B	0.15%	0.09%	0.09%
	Z	B	0.0%	0.03%	0.0%
	ZBH	C	0.01%	0.09%	0.01%
	ZBRA	A	0.01%	0.06%	0.01%
	ZM	B	0.01%	0.08%	0.01%
	ZTS	D	0.15%	0.06%	0.06%

QWLD Overweight 126 Positions Relative to VONV

	Symbol	Grade	Weight
	AAPL	B	2.57%
	NVDA	C	2.53%
	MSFT	D	2.3%
	META	D	2.11%
	V	A	1.21%
	LLY	F	1.14%
	GOOGL	C	1.07%
	GOOG	C	0.94%
	NVS	F	0.79%
	COST	B	0.76%
	MA	B	0.71%
	NFLX	B	0.54%
	WM	A	0.52%
	ADBE	C	0.42%
	MRK	F	0.42%
	COR	C	0.41%
	AMZN	C	0.37%
	INTU	C	0.27%
	UL	D	0.27%
	WCN	A	0.27%
	HSBH	B	0.25%
	GDDY	B	0.25%
	ORCL	C	0.25%
	ISRG	C	0.25%
	MFG	B	0.24%
	ANET	C	0.19%
	LRCX	F	0.18%
	PANW	C	0.18%
	CHKP	D	0.17%
	TSLA	B	0.16%
	TM	D	0.15%
	BAH	F	0.15%
	CMG	B	0.14%
	MUFG	B	0.14%
	KLAC	F	0.14%
	MCO	A	0.13%
	CDNS	B	0.13%
	ERIE	D	0.12%
	SNPS	B	0.12%
	TD	F	0.12%
	E	F	0.12%
	NBIX	C	0.11%
	AVGO	D	0.11%
	BCS	B	0.11%
	DEO	F	0.11%
	ADSK	B	0.1%
	CNI	D	0.1%
	SMFG	A	0.1%
	LYG	D	0.09%
	ODFL	B	0.08%
	ROL	B	0.08%
	SONY	B	0.08%
	STLA	F	0.08%
	HMC	F	0.07%
	LULU	C	0.07%
	IDXX	F	0.07%
	TSCO	C	0.06%
	TPL	B	0.06%
	LOGI	D	0.06%
	VEEV	B	0.05%
	LPLA	B	0.05%
	BTI	B	0.05%
	MT	C	0.05%
	DECK	A	0.05%
	MANH	C	0.04%
	MPWR	F	0.04%
	WDAY	C	0.04%
	TRGP	B	0.04%
	BX	B	0.03%
	POOL	C	0.03%
	IT	C	0.03%
	NXPI	D	0.02%
	NMR	B	0.02%
	AER	A	0.02%
	AMT	D	0.02%
	VRSK	A	0.01%
	MBAVU	D	0.01%
	DVA	B	0.01%
	CLX	C	0.01%
	BURL	B	0.01%
	STX	D	0.01%
	CCEP	B	0.01%
	CPAY	A	0.01%
	WFG	C	0.01%
	ABNB	C	0.01%
	SE	B	0.01%
	BSY	D	0.01%
	EXPE	B	0.01%
	EQH	B	0.01%
	UBER	D	0.01%
	VST	B	0.01%
	MELI	C	0.01%
	NOW	B	0.01%
	SMCI	D	0.01%
	ENPH	F	0.01%
	GLBE	A	0.0%
	IOT	B	0.0%
	NET	B	0.0%
	RBLX	C	0.0%
	XRX	F	0.0%
	DDOG	A	0.0%
	DKNG	C	0.0%
	TOST	B	0.0%
	SNAP	C	0.0%
	FUTU	D	0.0%
	HEI	B	0.0%
	PINS	F	0.0%
	DT	C	0.0%
	SNOW	C	0.0%
	DOCU	A	0.0%
	PODD	B	0.0%
	GRAB	B	0.0%
	DXCM	C	0.0%
	CRWD	B	0.0%
	LII	A	0.0%
	TTD	B	0.0%
	ENTG	D	0.0%
	HEI	B	0.0%
	LYV	A	0.0%
	VRT	B	0.0%
	APP	B	0.0%
	AXON	B	0.0%
	LVS	C	0.0%
	OTEX	F	0.0%
	PLTR	B	0.0%
	ARES	B	0.0%

QWLD Underweight 357 Positions Relative to VONV

	Symbol	Grade	Weight
	MTD	F	-0.11%
	UAL	B	-0.1%
	CVNA	B	-0.07%
	RGA	A	-0.06%
	USFD	A	-0.06%
	THC	D	-0.06%
	TOL	A	-0.06%
	RBA	B	-0.06%
	IBKR	B	-0.06%
	FTI	A	-0.05%
	ITT	A	-0.05%
	SCI	A	-0.05%
	CLH	B	-0.05%
	UNM	A	-0.05%
	CASY	B	-0.05%
	CACI	D	-0.05%
	COHR	C	-0.05%
	NVT	B	-0.05%
	CW	B	-0.05%
	RNR	C	-0.05%
	EWBC	B	-0.05%
	DTM	B	-0.04%
	FYBR	D	-0.04%
	DCI	A	-0.04%
	BWXT	B	-0.04%
	WBS	B	-0.04%
	JLL	B	-0.04%
	WAL	B	-0.04%
	NYT	C	-0.04%
	LAD	B	-0.04%
	FRT	A	-0.04%
	CIEN	B	-0.04%
	REXR	F	-0.04%
	AYI	B	-0.04%
	ALSN	B	-0.04%
	GL	C	-0.04%
	FHN	B	-0.04%
	EVR	B	-0.04%
	PRI	A	-0.04%
	RGLD	D	-0.04%
	SOFI	B	-0.04%
	EHC	B	-0.04%
	WWD	B	-0.04%
	ARMK	A	-0.04%
	PNW	B	-0.04%
	AA	A	-0.04%
	DOX	D	-0.04%
	AFRM	B	-0.04%
	TTEK	F	-0.04%
	BLD	C	-0.04%
	SF	B	-0.04%
	OHI	D	-0.04%
	PFGC	A	-0.04%
	CUBE	D	-0.04%
	NTNX	B	-0.04%
	TPR	A	-0.04%
	RRX	A	-0.04%
	ATR	B	-0.04%
	BJ	B	-0.04%
	LSTR	B	-0.03%
	MKSI	C	-0.03%
	ARW	D	-0.03%
	MTSI	B	-0.03%
	IVZ	B	-0.03%
	WEX	F	-0.03%
	XP	F	-0.03%
	FAF	B	-0.03%
	RGEN	D	-0.03%
	MTG	B	-0.03%
	ATI	D	-0.03%
	SIRI	C	-0.03%
	WMS	F	-0.03%
	BFAM	F	-0.03%
	CGNX	C	-0.03%
	PB	B	-0.03%
	OSK	B	-0.03%
	KEX	B	-0.03%
	HRB	D	-0.03%
	G	B	-0.03%
	STAG	D	-0.03%
	JAZZ	B	-0.03%
	COKE	C	-0.03%
	RHI	C	-0.03%
	FCN	D	-0.03%
	MAT	D	-0.03%
	AGNC	D	-0.03%
	FND	C	-0.03%
	MIDD	B	-0.03%
	SSD	C	-0.03%
	FR	C	-0.03%
	FLS	A	-0.03%
	ESAB	B	-0.03%
	GNTX	C	-0.03%
	PR	C	-0.03%
	MHK	D	-0.03%
	GXO	B	-0.03%
	LBRDK	C	-0.03%
	RRC	B	-0.03%
	SNV	B	-0.03%
	CHE	D	-0.03%
	ONTO	F	-0.03%
	VFC	C	-0.03%
	VNO	B	-0.03%
	COLD	F	-0.03%
	ADC	B	-0.03%
	SKX	D	-0.03%
	SAIC	F	-0.03%
	CBSH	B	-0.03%
	CFR	B	-0.03%
	ZION	B	-0.03%
	AR	B	-0.03%
	WTFC	B	-0.03%
	BWA	C	-0.03%
	LECO	C	-0.03%
	CR	B	-0.03%
	MTZ	B	-0.03%
	APG	B	-0.03%
	NNN	D	-0.03%
	RL	B	-0.03%
	RBC	B	-0.03%
	TKO	B	-0.03%
	OGE	A	-0.03%
	PNFP	B	-0.03%
	JEF	A	-0.03%
	BERY	B	-0.03%
	BRX	A	-0.03%
	FMC	D	-0.03%
	VOYA	B	-0.03%
	AAL	B	-0.03%
	KBR	F	-0.03%
	HLI	A	-0.03%
	GMED	A	-0.03%
	EGP	D	-0.03%
	GWRE	B	-0.03%
	GME	C	-0.03%
	AXTA	A	-0.03%
	WCC	B	-0.03%
	GPK	C	-0.03%
	CMA	A	-0.03%
	BRBR	B	-0.03%
	LAMR	C	-0.03%
	CZR	D	-0.03%
	ORI	A	-0.03%
	X	C	-0.03%
	SNX	C	-0.03%
	INGR	B	-0.03%
	ALNY	D	-0.02%
	KMPR	B	-0.02%
	MSGS	B	-0.02%
	RH	B	-0.02%
	HOG	F	-0.02%
	ACHC	F	-0.02%
	AN	B	-0.02%
	SITE	C	-0.02%
	GTES	A	-0.02%
	W	D	-0.02%
	AWI	B	-0.02%
	CLF	F	-0.02%
	FLO	C	-0.02%
	OLED	F	-0.02%
	GAP	C	-0.02%
	M	D	-0.02%
	FRPT	B	-0.02%
	ASH	F	-0.02%
	EEFT	B	-0.02%
	SLGN	A	-0.02%
	LITE	B	-0.02%
	DLB	B	-0.02%
	TPG	B	-0.02%
	DBX	C	-0.02%
	AGO	A	-0.02%
	WSC	D	-0.02%
	WTM	A	-0.02%
	BILL	A	-0.02%
	RYN	C	-0.02%
	OZK	B	-0.02%
	XRAY	F	-0.02%
	AL	A	-0.02%
	CUZ	B	-0.02%
	KRC	C	-0.02%
	DOCS	C	-0.02%
	SLM	B	-0.02%
	BYD	B	-0.02%
	HXL	D	-0.02%
	OLN	F	-0.02%
	AVT	C	-0.02%
	OGN	F	-0.02%
	SN	D	-0.02%
	ROIV	B	-0.02%
	PSN	D	-0.02%
	GNRC	B	-0.02%
	SEE	C	-0.02%
	UGI	A	-0.02%
	ZG	B	-0.02%
	SON	D	-0.02%
	ST	F	-0.02%
	FNB	B	-0.02%
	KD	B	-0.02%
	IDA	B	-0.02%
	CROX	F	-0.02%
	THO	B	-0.02%
	THG	C	-0.02%
	JHG	A	-0.02%
	TKR	D	-0.02%
	POST	B	-0.02%
	SAIA	C	-0.02%
	BC	C	-0.02%
	LEA	F	-0.02%
	PVH	C	-0.02%
	WHR	B	-0.02%
	NFG	B	-0.02%
	OMF	A	-0.02%
	OLLI	C	-0.02%
	MTDR	C	-0.02%
	BPOP	B	-0.02%
	SRCL	B	-0.02%
	VNT	C	-0.02%
	MDU	F	-0.02%
	CRUS	F	-0.02%
	LNC	B	-0.02%
	S	B	-0.02%
	COLB	B	-0.02%
	LFUS	D	-0.02%
	ALK	A	-0.02%
	ESI	B	-0.02%
	AXS	A	-0.02%
	RLI	A	-0.02%
	AMG	B	-0.02%
	NOV	C	-0.02%
	MSA	C	-0.02%
	STWD	C	-0.02%
	WH	A	-0.02%
	DAR	C	-0.02%
	VMI	A	-0.02%
	ELAN	F	-0.02%
	R	B	-0.02%
	UA	C	-0.01%
	SNDR	B	-0.01%
	FTRE	C	-0.01%
	GO	C	-0.01%
	LYFT	C	-0.01%
	REYN	D	-0.01%
	EXEL	A	-0.01%
	LEG	D	-0.01%
	TRIP	F	-0.01%
	WOLF	F	-0.01%
	WEN	D	-0.01%
	INFA	D	-0.01%
	VSTS	C	-0.01%
	BIRK	C	-0.01%
	PPC	C	-0.01%
	QS	F	-0.01%
	UAA	C	-0.01%
	AZEK	B	-0.01%
	LPX	B	-0.01%
	CRI	F	-0.01%
	PINC	B	-0.01%
	CNXC	F	-0.01%
	KSS	F	-0.01%
	SAM	C	-0.01%
	ETSY	D	-0.01%
	YETI	C	-0.01%
	AAP	C	-0.01%
	AZTA	D	-0.01%
	BROS	B	-0.01%
	LCID	F	-0.01%
	GLOB	B	-0.01%
	IPGP	D	-0.01%
	RKT	F	-0.01%
	RCM	F	-0.01%
	BRKR	F	-0.01%
	ENOV	C	-0.01%
	CPRI	F	-0.01%
	JWN	A	-0.01%
	ADTN	B	-0.01%
	EXP	B	-0.01%
	HAYW	B	-0.01%
	BOKF	B	-0.01%
	MP	A	-0.01%
	SHC	F	-0.01%
	HHH	B	-0.01%
	SPB	C	-0.01%
	CWEN	C	-0.01%
	CC	C	-0.01%
	VIRT	B	-0.01%
	AGR	B	-0.01%
	ALGM	D	-0.01%
	CXT	B	-0.01%
	VAC	B	-0.01%
	CLVT	F	-0.01%
	COLM	A	-0.01%
	LOPE	B	-0.01%
	MPW	F	-0.01%
	PAG	B	-0.01%
	COTY	F	-0.01%
	AMKR	F	-0.01%
	PK	B	-0.01%
	NSA	C	-0.01%
	CNM	D	-0.01%
	BHF	B	-0.01%
	MAN	D	-0.01%
	MASI	A	-0.01%
	PENN	C	-0.01%
	WU	D	-0.01%
	AM	B	-0.01%
	AMED	F	-0.01%
	IRDM	C	-0.01%
	PLNT	B	-0.01%
	FHB	B	-0.01%
	TNL	A	-0.01%
	SPR	D	-0.01%
	U	C	-0.01%
	NXST	C	-0.01%
	NWS	B	-0.01%
	EPR	D	-0.01%
	ZI	C	-0.01%
	PRGO	C	-0.01%
	HIW	D	-0.01%
	CIVI	D	-0.01%
	DXC	B	-0.01%
	IAC	D	-0.01%
	NEU	C	-0.01%
	PII	F	-0.01%
	GFS	C	-0.01%
	MSM	C	-0.01%
	NVST	C	-0.01%
	DNB	B	-0.01%
	HUN	F	-0.01%
	NWL	A	-0.01%
	SMG	C	-0.01%
	UWMC	F	-0.0%
	SEG	B	-0.0%
	NFE	D	-0.0%
	IONS	F	-0.0%
	TXG	F	-0.0%
	PLTK	B	-0.0%
	CHH	A	-0.0%
	CACC	D	-0.0%
	UI	A	-0.0%
	TFSL	B	-0.0%
	LBRDA	C	-0.0%
	SEB	F	-0.0%
	PATH	C	-0.0%
	CWEN	C	-0.0%
	DJT	C	-0.0%
	CAR	C	-0.0%
	LSCC	D	-0.0%
	PYCR	C	-0.0%
	MTN	C	-0.0%
	HCP	B	-0.0%
	FIVE	D	-0.0%
	CNA	B	-0.0%
	DV	C	-0.0%
	DDS	B	-0.0%
	HAS	D	-0.0%
	NCNO	B	-0.0%
	CERT	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

VONV: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Utilities - Regulated Electric Software - Application Asset Management Oil & Gas E&P Business Services Semiconductors Biotechnology Diagnostics & Research Specialty Retail Capital Markets Packaged Foods Specialty Chemicals Information Technology Services Insurance - Property & Casualty Packaging & Containers Aerospace & Defense Software - Infrastructure REIT - Residential

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