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

$128.03

Average Daily Volume

4,063

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 1000Â® 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

$83.18

Average Daily Volume

320,945

Number of Holdings ^*

844

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	VONV
30 Days	1.38%	2.59%
60 Days	8.66%	9.45%
90 Days	5.18%	9.65%
12 Months	29.66%	30.42%

485 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in VONV	Overlap
A	B	0.07%	0.17%	0.07%
ABBV	C	0.16%	0.79%	0.16%
ABBV	C	0.39%	0.79%	0.39%
ABT	C	0.09%	0.79%	0.09%
ACGL	A	0.28%	0.16%	0.16%
ACI	F	0.02%	0.03%	0.02%
ACM	A	0.01%	0.05%	0.01%
ACN	B	0.63%	0.86%	0.63%
ADI	B	0.04%	0.47%	0.04%
ADM	F	0.05%	0.12%	0.05%
ADP	A	0.23%	0.03%	0.03%
AEE	A	0.08%	0.09%	0.08%
AEP	C	0.07%	0.21%	0.07%
AES	C	0.01%	0.05%	0.01%
AFG	A	0.02%	0.04%	0.02%
AFL	A	0.12%	0.25%	0.12%
AGCO	D	0.01%	0.02%	0.01%
AIG	C	0.06%	0.21%	0.06%
AIZ	B	0.07%	0.04%	0.04%
AJG	C	0.18%	0.24%	0.18%
AKAM	D	0.13%	0.06%	0.06%
ALB	D	0.01%	0.04%	0.01%
ALGN	D	0.01%	0.03%	0.01%
ALL	A	0.07%	0.17%	0.07%
ALLE	A	0.02%	0.05%	0.02%
ALLY	F	0.01%	0.04%	0.01%
AMAT	C	0.34%	0.05%	0.05%
AMCR	C	0.08%	0.07%	0.07%
AMD	C	0.04%	0.33%	0.04%
AME	C	0.01%	0.16%	0.01%
AMGN	D	0.18%	0.16%	0.16%
AMH	D	0.0%	0.05%	0.0%
AMP	A	0.08%	0.02%	0.02%
ANSS	D	0.0%	0.11%	0.0%
AON	A	0.15%	0.27%	0.15%
AOS	C	0.02%	0.04%	0.02%
APA	F	0.03%	0.04%	0.03%
APD	C	0.03%	0.25%	0.03%
APH	D	0.39%	0.13%	0.13%
APO	A	0.01%	0.06%	0.01%
APTV	D	0.02%	0.08%	0.02%
ARE	D	0.01%	0.08%	0.01%
ATO	A	0.01%	0.08%	0.01%
AVB	C	0.01%	0.13%	0.01%
AVTR	D	0.01%	0.07%	0.01%
AVY	D	0.03%	0.04%	0.03%
AWK	D	0.01%	0.11%	0.01%
AXP	A	0.06%	0.37%	0.06%
AZO	D	0.28%	0.02%	0.02%
BA	F	0.01%	0.34%	0.01%
BAC	B	0.32%	1.11%	0.32%
BALL	C	0.01%	0.08%	0.01%
BAX	D	0.02%	0.08%	0.02%
BBWI	F	0.0%	0.03%	0.0%
BBY	C	0.06%	0.09%	0.06%
BDX	C	0.08%	0.28%	0.08%
BEN	F	0.01%	0.02%	0.01%
BG	F	0.03%	0.06%	0.03%
BIIB	F	0.02%	0.12%	0.02%
BIO	B	0.0%	0.03%	0.0%
BK	A	0.05%	0.2%	0.05%
BKNG	B	0.02%	0.03%	0.02%
BKR	B	0.02%	0.14%	0.02%
BLDR	C	0.05%	0.08%	0.05%
BLK	A	0.22%	0.53%	0.22%
BMRN	F	0.08%	0.07%	0.07%
BMY	A	0.19%	0.41%	0.19%
BR	B	0.04%	0.01%	0.01%
BRK.A	B	0.7%	3.5%	0.7%
BRO	A	0.13%	0.06%	0.06%
BSX	A	0.02%	0.48%	0.02%
BXP	B	0.01%	0.05%	0.01%
C	B	0.22%	0.48%	0.22%
CAG	D	0.05%	0.06%	0.05%
CAH	B	0.12%	0.04%	0.04%
CARR	A	0.02%	0.2%	0.02%
CAT	A	0.36%	0.6%	0.36%
CB	A	0.39%	0.46%	0.39%
CBOE	B	0.24%	0.09%	0.09%
CBRE	C	0.03%	0.14%	0.03%
CCI	D	0.02%	0.2%	0.02%
CCK	C	0.01%	0.04%	0.01%
CCL	C	0.01%	0.07%	0.01%
CDW	D	0.09%	0.06%	0.06%
CE	D	0.01%	0.04%	0.01%
CEG	A	0.02%	0.21%	0.02%
CF	A	0.13%	0.06%	0.06%
CFG	C	0.03%	0.08%	0.03%
CG	B	0.01%	0.04%	0.01%
CHD	D	0.18%	0.1%	0.1%
CHK	C	0.02%	0.04%	0.02%
CHRD	F	0.01%	0.04%	0.01%
CHRW	C	0.01%	0.05%	0.01%
CHTR	D	0.04%	0.13%	0.04%
CI	D	0.19%	0.37%	0.19%
CINF	A	0.02%	0.08%	0.02%
CL	D	0.21%	0.16%	0.16%
CMCSA	B	0.16%	0.62%	0.16%
CMI	A	0.09%	0.17%	0.09%
CMS	A	0.05%	0.08%	0.05%
CNC	F	0.06%	0.17%	0.06%
CNH	C	0.02%	0.04%	0.02%
CNP	B	0.01%	0.07%	0.01%
COF	A	0.08%	0.22%	0.08%
COIN	F	0.0%	0.02%	0.0%
COP	D	0.09%	0.54%	0.09%
CPB	D	0.1%	0.04%	0.04%
CPRT	B	0.07%	0.01%	0.01%
CPT	C	0.01%	0.05%	0.01%
CRBG	B	0.01%	0.03%	0.01%
CRL	F	0.0%	0.04%	0.0%
CRM	B	0.05%	0.14%	0.05%
CSCO	A	0.92%	0.82%	0.82%
CSGP	F	0.0%	0.13%	0.0%
CSL	A	0.03%	0.07%	0.03%
CSX	D	0.11%	0.27%	0.11%
CTAS	C	0.13%	0.01%	0.01%
CTLT	A	0.01%	0.04%	0.01%
CTRA	D	0.02%	0.07%	0.02%
CTSH	B	0.2%	0.16%	0.16%
CTVA	A	0.04%	0.16%	0.04%
CVS	D	0.18%	0.29%	0.18%
CVX	B	0.29%	1.02%	0.29%
D	A	0.06%	0.19%	0.06%
DAL	C	0.01%	0.11%	0.01%
DASH	A	0.0%	0.02%	0.0%
DAY	C	0.0%	0.03%	0.0%
DD	C	0.02%	0.14%	0.02%
DE	C	0.06%	0.39%	0.06%
DELL	C	0.01%	0.1%	0.01%
DFS	A	0.03%	0.14%	0.03%
DG	F	0.01%	0.07%	0.01%
DGX	D	0.1%	0.07%	0.07%
DHI	C	0.12%	0.22%	0.12%
DHR	D	0.06%	0.72%	0.06%
DINO	F	0.05%	0.03%	0.03%
DIS	D	0.08%	0.67%	0.08%
DKS	D	0.02%	0.05%	0.02%
DLR	C	0.02%	0.2%	0.02%
DLTR	F	0.01%	0.07%	0.01%
DOC	C	0.01%	0.06%	0.01%
DOV	C	0.04%	0.1%	0.04%
DOW	B	0.04%	0.15%	0.04%
DPZ	D	0.06%	0.04%	0.04%
DRI	C	0.03%	0.04%	0.03%
DTE	B	0.02%	0.1%	0.02%
DUK	C	0.36%	0.35%	0.35%
DVN	F	0.03%	0.11%	0.03%
EA	D	0.17%	0.16%	0.16%
EBAY	A	0.01%	0.12%	0.01%
ECL	C	0.01%	0.03%	0.01%
ED	C	0.37%	0.14%	0.14%
EFX	D	0.01%	0.12%	0.01%
EG	A	0.06%	0.06%	0.06%
EIX	C	0.03%	0.13%	0.03%
EL	D	0.01%	0.05%	0.01%
ELS	D	0.0%	0.05%	0.0%
ELV	F	0.26%	0.44%	0.26%
EME	B	0.04%	0.04%	0.04%
EMN	C	0.01%	0.05%	0.01%
EMR	B	0.02%	0.24%	0.02%
EOG	B	0.05%	0.3%	0.05%
EPAM	F	0.02%	0.04%	0.02%
EQIX	C	0.01%	0.3%	0.01%
EQR	C	0.01%	0.11%	0.01%
EQT	C	0.01%	0.07%	0.01%
ES	D	0.02%	0.1%	0.02%
ESS	D	0.01%	0.08%	0.01%
ETN	B	0.03%	0.49%	0.03%
ETR	A	0.02%	0.1%	0.02%
EVRG	C	0.01%	0.05%	0.01%
EW	F	0.07%	0.14%	0.07%
EXAS	C	0.0%	0.03%	0.0%
EXC	C	0.03%	0.15%	0.03%
EXPD	D	0.04%	0.06%	0.04%
EXR	D	0.01%	0.15%	0.01%
F	D	0.09%	0.18%	0.09%
FANG	D	0.08%	0.14%	0.08%
FAST	C	0.08%	0.02%	0.02%
FBIN	C	0.01%	0.04%	0.01%
FCNCA	D	0.09%	0.1%	0.09%
FCX	B	0.03%	0.25%	0.03%
FDS	C	0.03%	0.04%	0.03%
FDX	F	0.06%	0.27%	0.06%
FE	C	0.01%	0.1%	0.01%
FFIV	B	0.14%	0.05%	0.05%
FI	A	0.07%	0.28%	0.07%
FICO	C	0.04%	0.03%	0.03%
FIS	A	0.02%	0.19%	0.02%
FITB	C	0.03%	0.12%	0.03%
FNF	C	0.01%	0.06%	0.01%
FOX	B	0.01%	0.02%	0.01%
FOXA	B	0.01%	0.04%	0.01%
FSLR	C	0.01%	0.1%	0.01%
FTNT	A	0.01%	0.04%	0.01%
FTV	C	0.01%	0.1%	0.01%
GD	C	0.18%	0.33%	0.18%
GE	B	0.32%	0.6%	0.32%
GEHC	C	0.02%	0.13%	0.02%
GEN	A	0.11%	0.06%	0.06%
GEV	A	0.02%	0.22%	0.02%
GGG	C	0.03%	0.06%	0.03%
GILD	A	0.22%	0.4%	0.22%
GIS	C	0.37%	0.16%	0.16%
GLPI	C	0.01%	0.05%	0.01%
GLW	C	0.02%	0.13%	0.02%
GM	D	0.15%	0.23%	0.15%
GPC	D	0.06%	0.08%	0.06%
GPN	F	0.02%	0.11%	0.02%
GRMN	D	0.04%	0.11%	0.04%
GS	B	0.14%	0.47%	0.14%
GWW	B	0.1%	0.02%	0.02%
H	B	0.0%	0.02%	0.0%
HAL	D	0.01%	0.11%	0.01%
HBAN	B	0.03%	0.09%	0.03%
HCA	C	0.04%	0.23%	0.04%
HD	A	0.14%	0.3%	0.14%
HES	D	0.01%	0.05%	0.01%
HIG	A	0.03%	0.14%	0.03%
HII	F	0.01%	0.04%	0.01%
HLT	A	0.01%	0.11%	0.01%
HOLX	D	0.01%	0.08%	0.01%
HON	C	0.23%	0.46%	0.23%
HOOD	B	0.0%	0.05%	0.0%
HPE	B	0.03%	0.1%	0.03%
HPQ	B	0.04%	0.11%	0.04%
HRL	F	0.1%	0.04%	0.04%
HSIC	D	0.01%	0.04%	0.01%
HST	D	0.01%	0.05%	0.01%
HSY	D	0.17%	0.1%	0.1%
HUBB	A	0.04%	0.09%	0.04%
HUM	F	0.17%	0.17%	0.17%
HWM	A	0.01%	0.15%	0.01%
IBM	A	0.49%	0.74%	0.49%
ICE	A	0.03%	0.37%	0.03%
IEX	D	0.02%	0.06%	0.02%
IFF	D	0.01%	0.11%	0.01%
ILMN	B	0.0%	0.08%	0.0%
INCY	B	0.12%	0.05%	0.05%
INTC	D	0.1%	0.38%	0.1%
INVH	D	0.01%	0.09%	0.01%
IP	C	0.02%	0.07%	0.02%
IPG	D	0.02%	0.05%	0.02%
IQV	F	0.01%	0.16%	0.01%
IR	A	0.01%	0.15%	0.01%
IRM	B	0.01%	0.06%	0.01%
ITW	C	0.13%	0.19%	0.13%
J	F	0.01%	0.08%	0.01%
JBHT	D	0.03%	0.06%	0.03%
JBL	C	0.02%	0.05%	0.02%
JCI	C	0.03%	0.17%	0.03%
JKHY	A	0.06%	0.05%	0.05%
JNJ	D	1.13%	1.61%	1.13%
JNPR	C	0.13%	0.05%	0.05%
JPM	C	0.51%	2.59%	0.51%
K	B	0.22%	0.08%	0.08%
KDP	C	0.16%	0.16%	0.16%
KEY	B	0.02%	0.06%	0.02%
KEYS	B	0.17%	0.11%	0.11%
KHC	F	0.22%	0.13%	0.13%
KIM	C	0.01%	0.06%	0.01%
KKR	A	0.02%	0.24%	0.02%
KMB	D	0.12%	0.11%	0.11%
KMI	A	0.03%	0.17%	0.03%
KMX	F	0.01%	0.05%	0.01%
KNX	D	0.01%	0.03%	0.01%
KO	C	0.64%	0.48%	0.48%
KR	C	0.3%	0.14%	0.14%
KVUE	C	0.08%	0.17%	0.08%
L	C	0.16%	0.06%	0.06%
LDOS	A	0.01%	0.09%	0.01%
LEN	C	0.09%	0.18%	0.09%
LEN	C	0.09%	0.01%	0.01%
LHX	A	0.02%	0.18%	0.02%
LIN	C	0.06%	0.92%	0.06%
LKQ	F	0.01%	0.04%	0.01%
LMT	A	0.45%	0.33%	0.33%
LNG	A	0.05%	0.08%	0.05%
LNT	B	0.03%	0.06%	0.03%
LOW	C	0.07%	0.57%	0.07%
LUV	B	0.0%	0.07%	0.0%
LW	D	0.0%	0.02%	0.0%
LYB	B	0.03%	0.1%	0.03%
MAA	D	0.01%	0.08%	0.01%
MAR	A	0.01%	0.22%	0.01%
MAS	C	0.01%	0.07%	0.01%
MCD	A	0.42%	0.78%	0.42%
MCHP	F	0.07%	0.17%	0.07%
MCK	F	0.45%	0.17%	0.17%
MDLZ	D	0.16%	0.39%	0.16%
MDT	C	0.06%	0.47%	0.06%
MET	A	0.05%	0.19%	0.05%
MGM	D	0.01%	0.04%	0.01%
MKC	C	0.01%	0.08%	0.01%
MKL	B	0.12%	0.06%	0.06%
MKTX	B	0.01%	0.04%	0.01%
MLM	F	0.01%	0.12%	0.01%
MMC	D	0.5%	0.39%	0.39%
MMM	C	0.15%	0.24%	0.15%
MNST	D	0.06%	0.03%	0.03%
MO	D	0.04%	0.37%	0.04%
MOH	F	0.07%	0.03%	0.03%
MOS	F	0.02%	0.04%	0.02%
MPC	D	0.18%	0.25%	0.18%
MRNA	F	0.01%	0.1%	0.01%
MRO	B	0.02%	0.07%	0.02%
MRVL	C	0.01%	0.24%	0.01%
MS	A	0.09%	0.45%	0.09%
MSCI	B	0.0%	0.08%	0.0%
MSI	A	0.58%	0.15%	0.15%
MSTR	B	0.0%	0.08%	0.0%
MTB	A	0.04%	0.11%	0.04%
MTCH	B	0.0%	0.04%	0.0%
MU	D	0.04%	0.43%	0.04%
NDAQ	C	0.01%	0.12%	0.01%
NDSN	C	0.02%	0.06%	0.02%
NEE	C	0.06%	0.66%	0.06%
NEM	C	0.05%	0.25%	0.05%
NI	A	0.01%	0.06%	0.01%
NKE	D	0.19%	0.15%	0.15%
NOC	B	0.33%	0.29%	0.29%
NRG	A	0.02%	0.04%	0.02%
NSC	C	0.03%	0.23%	0.03%
NTAP	D	0.04%	0.06%	0.04%
NTRS	B	0.01%	0.07%	0.01%
NUE	D	0.04%	0.15%	0.04%
NVR	C	0.07%	0.11%	0.07%
NWSA	D	0.01%	0.04%	0.01%
O	C	0.02%	0.21%	0.02%
OC	C	0.03%	0.06%	0.03%
OKE	A	0.02%	0.22%	0.02%
OKTA	F	0.0%	0.03%	0.0%
OMC	C	0.04%	0.08%	0.04%
ON	F	0.02%	0.13%	0.02%
ORLY	A	0.22%	0.02%	0.02%
OTIS	A	0.01%	0.15%	0.01%
OVV	D	0.02%	0.05%	0.02%
OXY	D	0.03%	0.15%	0.03%
PARA	F	0.01%	0.03%	0.01%
PAYC	D	0.02%	0.01%	0.01%
PAYX	B	0.09%	0.11%	0.09%
PCAR	D	0.1%	0.2%	0.1%
PCG	C	0.03%	0.17%	0.03%
PEG	A	0.02%	0.16%	0.02%
PEP	F	0.81%	0.2%	0.2%
PFE	D	0.2%	0.66%	0.2%
PFG	A	0.02%	0.08%	0.02%
PG	D	0.95%	1.26%	0.95%
PGR	B	0.33%	0.09%	0.09%
PH	A	0.02%	0.31%	0.02%
PHM	C	0.07%	0.11%	0.07%
PKG	B	0.03%	0.07%	0.03%
PLD	D	0.05%	0.47%	0.05%
PM	D	0.06%	0.77%	0.06%
PNC	C	0.08%	0.29%	0.08%
PNR	C	0.03%	0.06%	0.03%
PPG	D	0.02%	0.12%	0.02%
PPL	C	0.01%	0.09%	0.01%
PRU	B	0.04%	0.17%	0.04%
PSA	C	0.09%	0.18%	0.09%
PSTG	F	0.0%	0.01%	0.0%
PSX	D	0.13%	0.24%	0.13%
PTC	B	0.07%	0.03%	0.03%
PWR	A	0.01%	0.11%	0.01%
PYPL	A	0.04%	0.3%	0.04%
QCOM	D	0.33%	0.05%	0.05%
QGEN	F	0.0%	0.04%	0.0%
QRVO	F	0.01%	0.04%	0.01%
RCL	B	0.0%	0.1%	0.0%
REG	C	0.01%	0.05%	0.01%
REGN	D	0.41%	0.46%	0.41%
RF	B	0.03%	0.09%	0.03%
RIVN	F	0.0%	0.05%	0.0%
RJF	B	0.01%	0.09%	0.01%
RMD	C	0.05%	0.1%	0.05%
ROK	D	0.06%	0.11%	0.06%
ROKU	C	0.0%	0.03%	0.0%
ROP	D	0.48%	0.24%	0.24%
ROST	D	0.02%	0.15%	0.02%
RPM	A	0.01%	0.05%	0.01%
RPRX	D	0.01%	0.05%	0.01%
RS	D	0.01%	0.07%	0.01%
RSG	D	0.43%	0.17%	0.17%
RTX	A	0.09%	0.66%	0.09%
RVTY	C	0.01%	0.06%	0.01%
SBAC	C	0.01%	0.1%	0.01%
SBUX	B	0.04%	0.1%	0.04%
SCHW	D	0.03%	0.35%	0.03%
SEIC	B	0.01%	0.03%	0.01%
SHW	C	0.14%	0.03%	0.03%
SJM	D	0.08%	0.05%	0.05%
SLB	D	0.03%	0.25%	0.03%
SNA	C	0.03%	0.06%	0.03%
SO	A	0.46%	0.38%	0.38%
SOLV	C	0.03%	0.04%	0.03%
SPG	A	0.02%	0.16%	0.02%
SPGI	C	0.04%	0.64%	0.04%
SQ	D	0.01%	0.09%	0.01%
SRE	C	0.03%	0.21%	0.03%
SSNC	C	0.01%	0.06%	0.01%
STE	D	0.01%	0.1%	0.01%
STLD	C	0.02%	0.07%	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	C	0.03%	0.05%	0.03%
SWK	C	0.02%	0.06%	0.02%
SWKS	F	0.03%	0.07%	0.03%
SYF	A	0.03%	0.08%	0.03%
SYK	C	0.03%	0.37%	0.03%
SYY	D	0.03%	0.06%	0.03%
T	B	0.37%	0.57%	0.37%
TAP	D	0.01%	0.04%	0.01%
TDG	A	0.01%	0.24%	0.01%
TDY	A	0.05%	0.08%	0.05%
TECH	D	0.0%	0.05%	0.0%
TER	C	0.03%	0.01%	0.01%
TFC	D	0.08%	0.24%	0.08%
TFX	C	0.01%	0.05%	0.01%
TGT	C	0.15%	0.29%	0.15%
TJX	D	0.33%	0.22%	0.22%
TMO	D	0.07%	0.94%	0.07%
TMUS	A	0.64%	0.39%	0.39%
TRMB	B	0.01%	0.06%	0.01%
TROW	D	0.05%	0.09%	0.05%
TRU	C	0.01%	0.07%	0.01%
TRV	B	0.26%	0.21%	0.21%
TSN	D	0.13%	0.07%	0.07%
TT	A	0.14%	0.22%	0.14%
TTC	F	0.02%	0.04%	0.02%
TTWO	D	0.01%	0.11%	0.01%
TW	A	0.0%	0.03%	0.0%
TWLO	B	0.0%	0.04%	0.0%
TXN	C	0.49%	0.69%	0.49%
TXT	F	0.01%	0.07%	0.01%
TYL	D	0.0%	0.02%	0.0%
UDR	C	0.0%	0.06%	0.0%
UHAL	C	0.01%	0.02%	0.01%
UHAL	C	0.01%	0.0%	0.0%
UHS	D	0.01%	0.06%	0.01%
ULTA	D	0.07%	0.01%	0.01%
UNH	B	1.3%	2.03%	1.3%
UNP	F	0.27%	0.33%	0.27%
UPS	D	0.07%	0.38%	0.07%
URI	C	0.02%	0.15%	0.02%
USB	C	0.08%	0.3%	0.08%
UTHR	C	0.14%	0.06%	0.06%
VICI	C	0.02%	0.14%	0.02%
VLO	F	0.07%	0.19%	0.07%
VLTO	A	0.05%	0.06%	0.05%
VMC	D	0.01%	0.1%	0.01%
VRSN	C	0.14%	0.06%	0.06%
VRTX	D	0.42%	0.26%	0.26%
VTR	C	0.01%	0.1%	0.01%
VTRS	D	0.03%	0.06%	0.03%
VZ	C	0.61%	0.71%	0.61%
WAB	A	0.01%	0.12%	0.01%
WAT	B	0.04%	0.03%	0.03%
WBA	F	0.04%	0.03%	0.03%
WBD	F	0.06%	0.08%	0.06%
WDC	C	0.01%	0.09%	0.01%
WEC	B	0.19%	0.12%	0.12%
WELL	C	0.02%	0.29%	0.02%
WFC	B	0.21%	0.82%	0.21%
WLK	C	0.0%	0.02%	0.0%
WMB	A	0.15%	0.22%	0.15%
WMT	A	0.71%	1.35%	0.71%
WPC	C	0.01%	0.05%	0.01%
WRB	C	0.13%	0.07%	0.07%
WSM	C	0.04%	0.03%	0.03%
WSO	C	0.03%	0.07%	0.03%
WST	D	0.03%	0.04%	0.03%
WTRG	D	0.01%	0.04%	0.01%
WTW	C	0.07%	0.12%	0.07%
WY	C	0.02%	0.09%	0.02%
WYNN	B	0.0%	0.03%	0.0%
XEL	C	0.08%	0.14%	0.08%
XOM	A	0.45%	2.12%	0.45%
XYL	C	0.01%	0.13%	0.01%
YUM	C	0.15%	0.09%	0.09%
Z	C	0.0%	0.03%	0.0%
ZBH	F	0.01%	0.09%	0.01%
ZBRA	B	0.01%	0.06%	0.01%
ZM	B	0.01%	0.07%	0.01%
ZTS	C	0.16%	0.06%	0.06%

QWLD Overweight 127 Positions Relative to VONV

Symbol	Grade	Weight
AAPL	C	2.54%
MSFT	D	2.31%
NVDA	B	2.11%
META	A	2.1%
LLY	D	1.31%
V	B	1.05%
GOOGL	B	1.0%
NVS	D	0.87%
GOOG	B	0.87%
COST	C	0.73%
MA	A	0.66%
MRK	F	0.49%
WM	B	0.48%
NFLX	A	0.45%
ADBE	F	0.42%
COR	F	0.38%
AMZN	C	0.33%
UL	D	0.3%
WCN	D	0.26%
ISRG	C	0.23%
ORCL	A	0.23%
INTU	F	0.23%
GDDY	B	0.21%
LRCX	D	0.21%
CHKP	A	0.19%
ANET	A	0.19%
MFG	B	0.19%
KLAC	B	0.18%
BAH	C	0.16%
CME	A	0.15%
PANW	B	0.15%
ERIE	A	0.15%
TM	D	0.15%
TD	B	0.14%
TSLA	C	0.13%
MCO	D	0.13%
CMG	C	0.13%
DEO	C	0.13%
SNPS	F	0.12%
MUFG	D	0.12%
E	C	0.12%
CDNS	D	0.12%
AVGO	B	0.11%
LYG	C	0.1%
STLA	F	0.1%
BCS	B	0.1%
NBIX	F	0.1%
CNI	D	0.1%
TEL	D	0.09%
ADSK	B	0.09%
IDXX	D	0.09%
SMFG	D	0.09%
ROL	C	0.08%
HMC	D	0.08%
SONY	C	0.08%
LOGI	D	0.07%
ODFL	F	0.07%
LULU	D	0.06%
MPWR	B	0.06%
BTI	D	0.05%
MT	B	0.05%
TSCO	A	0.05%
TPL	A	0.04%
MANH	A	0.04%
WDAY	D	0.04%
VEEV	C	0.04%
DECK	B	0.04%
AMT	D	0.03%
POOL	D	0.03%
ENPH	F	0.03%
SMCI	F	0.03%
TRGP	A	0.03%
LPLA	D	0.03%
IT	A	0.03%
NMR	F	0.02%
NXPI	F	0.02%
AER	C	0.02%
BX	C	0.02%
OTEX	D	0.01%
DVA	C	0.01%
CLX	C	0.01%
BURL	C	0.01%
MBAVU	C	0.01%
STX	C	0.01%
CPAY	A	0.01%
CCEP	C	0.01%
EXPE	B	0.01%
SE	B	0.01%
ABNB	D	0.01%
EQH	B	0.01%
WFG	C	0.01%
VST	A	0.01%
BSY	D	0.01%
UBER	C	0.01%
NOW	B	0.01%
MELI	D	0.01%
GLBE	C	0.0%
IOT	C	0.0%
NET	D	0.0%
TOST	B	0.0%
RBLX	D	0.0%
XRX	D	0.0%
DDOG	B	0.0%
DKNG	C	0.0%
SNAP	D	0.0%
FUTU	A	0.0%
HEI	C	0.0%
DOCU	A	0.0%
GRAB	C	0.0%
DT	B	0.0%
SNOW	F	0.0%
PODD	C	0.0%
PINS	D	0.0%
APP	A	0.0%
DXCM	F	0.0%
CRWD	D	0.0%
TTD	A	0.0%
LII	C	0.0%
PLTR	A	0.0%
AXON	A	0.0%
HEI	C	0.0%
LYV	A	0.0%
VRT	B	0.0%
ENTG	D	0.0%
LVS	B	0.0%
ARES	A	0.0%
VRSK	D	0.0%

QWLD Underweight 360 Positions Relative to VONV

Symbol	Grade	Weight
MTD	C	-0.12%
UAL	A	-0.06%
RGA	B	-0.06%
TOL	C	-0.06%
RBA	D	-0.06%
THC	D	-0.06%
NVT	C	-0.05%
ITT	C	-0.05%
BLD	D	-0.05%
FTI	B	-0.05%
EWBC	B	-0.05%
CUBE	C	-0.05%
CW	A	-0.05%
CLH	B	-0.05%
RNR	A	-0.05%
IBKR	A	-0.05%
USFD	C	-0.05%
DCI	B	-0.04%
SF	A	-0.04%
WAL	C	-0.04%
EVR	C	-0.04%
INGR	B	-0.04%
NYT	C	-0.04%
EGP	D	-0.04%
ORI	A	-0.04%
FHN	D	-0.04%
GPK	D	-0.04%
PRI	A	-0.04%
SNX	C	-0.04%
EHC	C	-0.04%
RGLD	C	-0.04%
TPR	B	-0.04%
FRT	D	-0.04%
ARMK	C	-0.04%
GL	C	-0.04%
OHI	C	-0.04%
PFGC	A	-0.04%
WWD	C	-0.04%
TTEK	A	-0.04%
PNW	C	-0.04%
DOX	B	-0.04%
AFRM	C	-0.04%
ATR	A	-0.04%
COHR	B	-0.04%
CVNA	A	-0.04%
BJ	B	-0.04%
UNM	A	-0.04%
CACI	A	-0.04%
REXR	D	-0.04%
NTNX	C	-0.04%
CASY	D	-0.04%
RRX	B	-0.04%
SCI	D	-0.04%
IVZ	A	-0.03%
R	C	-0.03%
GME	D	-0.03%
VFC	A	-0.03%
FAF	C	-0.03%
RHI	D	-0.03%
AAL	D	-0.03%
WMS	D	-0.03%
LSTR	F	-0.03%
MAT	B	-0.03%
FLS	A	-0.03%
CGNX	F	-0.03%
BPOP	D	-0.03%
LEA	F	-0.03%
RL	B	-0.03%
PB	D	-0.03%
CFR	B	-0.03%
DAR	F	-0.03%
LFUS	C	-0.03%
GWRE	A	-0.03%
SAIC	A	-0.03%
SNV	D	-0.03%
XP	F	-0.03%
MSA	F	-0.03%
MTG	A	-0.03%
BFAM	C	-0.03%
G	A	-0.03%
SOFI	C	-0.03%
KEX	C	-0.03%
SWN	D	-0.03%
NOV	F	-0.03%
SSD	B	-0.03%
OSK	F	-0.03%
PR	D	-0.03%
JAZZ	F	-0.03%
FYBR	C	-0.03%
HRB	C	-0.03%
WTFC	B	-0.03%
RRC	D	-0.03%
MTZ	A	-0.03%
AGNC	B	-0.03%
CROX	C	-0.03%
ZION	D	-0.03%
VOYA	A	-0.03%
RGEN	F	-0.03%
WCC	D	-0.03%
WEX	C	-0.03%
ADC	C	-0.03%
GNTX	D	-0.03%
ARW	C	-0.03%
BRBR	A	-0.03%
HLI	A	-0.03%
STAG	D	-0.03%
ACHC	F	-0.03%
BWXT	A	-0.03%
FR	D	-0.03%
MKSI	F	-0.03%
MIDD	D	-0.03%
FND	C	-0.03%
PNFP	B	-0.03%
CMA	C	-0.03%
ELAN	D	-0.03%
CBSH	D	-0.03%
DTM	A	-0.03%
LECO	D	-0.03%
CR	A	-0.03%
JEF	A	-0.03%
ONTO	B	-0.03%
CHE	D	-0.03%
AR	C	-0.03%
BWA	C	-0.03%
CRUS	D	-0.03%
AYI	A	-0.03%
ATI	C	-0.03%
OGE	C	-0.03%
COKE	C	-0.03%
BERY	C	-0.03%
AXTA	C	-0.03%
FCN	C	-0.03%
FMC	C	-0.03%
AA	B	-0.03%
TKO	A	-0.03%
APG	F	-0.03%
WBS	D	-0.03%
CZR	B	-0.03%
ALSN	A	-0.03%
GMED	B	-0.03%
LAD	C	-0.03%
LAMR	C	-0.03%
BRX	C	-0.03%
MHK	C	-0.03%
COLD	D	-0.03%
CIEN	A	-0.03%
JLL	C	-0.03%
KBR	A	-0.03%
SKX	B	-0.03%
X	F	-0.03%
RBC	C	-0.03%
NNN	C	-0.03%
DXC	C	-0.02%
MSM	D	-0.02%
KMPR	D	-0.02%
LITE	A	-0.02%
NEU	F	-0.02%
LSXMK	D	-0.02%
W	C	-0.02%
IAC	C	-0.02%
PRGO	F	-0.02%
SITE	D	-0.02%
CPRI	C	-0.02%
DOCS	A	-0.02%
CLF	D	-0.02%
BYD	B	-0.02%
SAIA	D	-0.02%
DLB	D	-0.02%
BILL	D	-0.02%
KRC	C	-0.02%
AGO	B	-0.02%
M	D	-0.02%
ROIV	D	-0.02%
CUZ	C	-0.02%
FRPT	A	-0.02%
SLGN	B	-0.02%
FLO	D	-0.02%
DBX	C	-0.02%
PSN	A	-0.02%
PII	D	-0.02%
CIVI	F	-0.02%
OLED	B	-0.02%
ASH	F	-0.02%
GAP	F	-0.02%
HOG	D	-0.02%
ALK	C	-0.02%
S	C	-0.02%
RYN	C	-0.02%
GFS	F	-0.02%
AN	D	-0.02%
OZK	D	-0.02%
WTM	C	-0.02%
EEFT	F	-0.02%
GNRC	B	-0.02%
ZG	C	-0.02%
AL	D	-0.02%
SEE	C	-0.02%
SLM	B	-0.02%
JHG	A	-0.02%
AVT	B	-0.02%
WSC	D	-0.02%
SN	A	-0.02%
IDA	D	-0.02%
OLN	D	-0.02%
MDU	C	-0.02%
XRAY	D	-0.02%
HXL	F	-0.02%
THG	A	-0.02%
COLB	C	-0.02%
UGI	C	-0.02%
WHR	C	-0.02%
FNB	D	-0.02%
BC	C	-0.02%
KD	D	-0.02%
VNT	F	-0.02%
NFG	A	-0.02%
THO	C	-0.02%
TKR	B	-0.02%
OLLI	C	-0.02%
SRCL	B	-0.02%
LBRDK	C	-0.02%
LNC	B	-0.02%
SON	D	-0.02%
AMG	B	-0.02%
OMF	D	-0.02%
WH	C	-0.02%
PVH	D	-0.02%
VMI	B	-0.02%
POST	C	-0.02%
OGN	F	-0.02%
ST	F	-0.02%
GXO	D	-0.02%
ESAB	C	-0.02%
RLI	A	-0.02%
ESI	C	-0.02%
VNO	B	-0.02%
MTSI	B	-0.02%
MTDR	D	-0.02%
STWD	C	-0.02%
AXS	A	-0.02%
SNDR	D	-0.01%
LYFT	D	-0.01%
CERT	F	-0.01%
WEN	B	-0.01%
TRIP	D	-0.01%
INFA	D	-0.01%
LEG	D	-0.01%
MP	C	-0.01%
UAA	B	-0.01%
REYN	D	-0.01%
BROS	F	-0.01%
PPC	C	-0.01%
AZEK	D	-0.01%
GO	F	-0.01%
ALGM	F	-0.01%
VSTS	D	-0.01%
FTRE	F	-0.01%
LPX	C	-0.01%
SHC	C	-0.01%
IPGP	D	-0.01%
SAM	D	-0.01%
BIRK	F	-0.01%
QS	F	-0.01%
GLOB	D	-0.01%
ADTN	C	-0.01%
HAYW	C	-0.01%
EXP	C	-0.01%
KSS	D	-0.01%
RCM	B	-0.01%
ETSY	F	-0.01%
JWN	D	-0.01%
HHH	C	-0.01%
CRI	D	-0.01%
BOKF	B	-0.01%
YETI	C	-0.01%
PINC	F	-0.01%
MASI	B	-0.01%
AGR	C	-0.01%
VIRT	B	-0.01%
ENOV	F	-0.01%
CWEN	C	-0.01%
BRKR	D	-0.01%
VAC	D	-0.01%
MPW	C	-0.01%
AAP	F	-0.01%
CC	D	-0.01%
COLM	B	-0.01%
AZTA	F	-0.01%
U	D	-0.01%
RKT	D	-0.01%
CNM	F	-0.01%
SPB	C	-0.01%
CLVT	D	-0.01%
PENN	D	-0.01%
IRDM	C	-0.01%
BHF	D	-0.01%
LOPE	D	-0.01%
CXT	F	-0.01%
NWL	D	-0.01%
SMG	C	-0.01%
RH	C	-0.01%
TNL	B	-0.01%
ZI	F	-0.01%
FHB	D	-0.01%
AM	A	-0.01%
AMED	D	-0.01%
PAG	D	-0.01%
NVST	D	-0.01%
PK	D	-0.01%
TPG	A	-0.01%
PLNT	B	-0.01%
NXST	D	-0.01%
NWS	D	-0.01%
NSA	D	-0.01%
HIW	C	-0.01%
WU	D	-0.01%
MAN	D	-0.01%
EPR	C	-0.01%
MSGS	A	-0.01%
LCID	F	-0.01%
SPR	D	-0.01%
CNXC	F	-0.01%
HUN	B	-0.01%
DNB	D	-0.01%
AWI	A	-0.01%
COTY	F	-0.01%
ALNY	C	-0.01%
AMKR	F	-0.01%
GTES	C	-0.01%
SEG	F	-0.0%
UWMC	D	-0.0%
NFE	F	-0.0%
DJT	F	-0.0%
UI	B	-0.0%
IONS	F	-0.0%
LBRDA	C	-0.0%
PLTK	C	-0.0%
CHH	A	-0.0%
CACC	F	-0.0%
SIRI	C	-0.0%
TFSL	D	-0.0%
PATH	D	-0.0%
HCP	A	-0.0%
CWEN	C	-0.0%
SEB	F	-0.0%
TXG	F	-0.0%
FIVE	D	-0.0%
CAR	D	-0.0%
LSCC	D	-0.0%
PYCR	D	-0.0%
NCNO	F	-0.0%
DDS	D	-0.0%
AMC	F	-0.0%
MTN	D	-0.0%
CNA	D	-0.0%
HAS	A	-0.0%
UA	B	-0.0%
WOLF	F	-0.0%
EXEL	B	-0.0%
DV	F	-0.0%