SHUS vs. ANEW ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to ProShares MSCI Transformational Changes ETF (ANEW)

SHUS

Syntax Stratified U.S. Total Market Hedged ETF

SHUS Description

The investment seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 1500® Index over a full market cycle by investing in ETFs or underlying securities that provide Stratified WeightTM U.S. total equity market exposure to companies in the 1500 while seeking risk-managed growth via a defined risk hedging process. The fund will also invest in index options for risk management purposes and to seek to generate additional returns. Syntax?s Stratified Weight? is designed to correct for business risk concentrations that regularly occur in cap-weighted indices and equal-weighted indices.

Grade (RS Rating)

Last Trade

$43.86

Average Daily Volume

2,702

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

ANEW

ProShares MSCI Transformational Changes ETF

ANEW Description

The investment seeks investment results, before fees and expenses, that track the performance of the MSCI Global Transformational Changes Index (the index). The fund seeks to invest substantially all of its assets in the securities included in the index. The index selects companies which may benefit from transformational changes in how people work, take care of their health, and consume and connect (Transformational Changes) - changes accelerated by COVID-19.

Grade (RS Rating)

Last Trade

$44.77

Average Daily Volume

264

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	ANEW
30 Days	0.93%	-1.42%
60 Days	4.36%	2.64%
90 Days	5.12%	4.64%
12 Months	18.39%	25.94%

55 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in ANEW	Overlap
AAPL	C	0.49%	2.23%	0.49%
ABBV	F	0.24%	1.94%	0.24%
ABT	B	0.06%	2.1%	0.06%
ADBE	F	0.15%	2.05%	0.15%
AKAM	F	0.26%	0.17%	0.17%
AMAT	F	0.17%	0.85%	0.17%
AMD	F	0.14%	0.34%	0.14%
AMZN	B	0.21%	2.16%	0.21%
ANSS	B	0.17%	0.55%	0.17%
AVGO	C	0.22%	1.6%	0.22%
BDX	F	0.05%	1.11%	0.05%
BKNG	A	0.13%	2.37%	0.13%
BSX	B	0.06%	2.17%	0.06%
CRM	A	0.35%	0.34%	0.34%
CRWD	B	0.18%	0.18%	0.18%
CSCO	B	0.21%	0.64%	0.21%
CTVA	D	0.08%	1.89%	0.08%
DE	D	0.13%	1.92%	0.13%
DGX	A	0.16%	0.3%	0.16%
DHR	D	0.1%	1.69%	0.1%
DXCM	C	0.09%	0.49%	0.09%
EA	A	0.48%	0.68%	0.48%
EBAY	D	0.22%	0.63%	0.22%
EQIX	B	0.26%	0.2%	0.2%
EW	C	0.06%	0.67%	0.06%
FFIV	B	0.2%	0.25%	0.2%
FMC	F	0.08%	0.94%	0.08%
GEN	B	0.17%	0.21%	0.17%
GOOGL	B	0.22%	1.66%	0.22%
HPE	B	0.19%	0.21%	0.19%
HSIC	D	0.2%	0.18%	0.18%
IFF	D	0.05%	1.71%	0.05%
ISRG	A	0.12%	2.49%	0.12%
JNPR	D	0.19%	0.2%	0.19%
MA	A	0.05%	0.93%	0.05%
META	C	0.46%	2.32%	0.46%
MKC	D	0.21%	1.89%	0.21%
MRK	F	0.24%	1.4%	0.24%
MRNA	F	0.23%	0.22%	0.22%
MSFT	D	0.32%	1.86%	0.32%
NFLX	A	0.22%	2.39%	0.22%
NOW	B	0.22%	0.26%	0.22%
NTAP	D	0.17%	0.19%	0.17%
NVDA	B	0.13%	2.89%	0.13%
NXPI	F	0.23%	0.15%	0.15%
OMC	C	0.33%	0.59%	0.33%
ORCL	A	0.34%	0.61%	0.34%
PANW	B	0.16%	0.27%	0.16%
PYPL	A	0.06%	0.24%	0.06%
QCOM	F	0.22%	0.56%	0.22%
RMD	C	0.09%	0.58%	0.09%
TECH	D	0.15%	0.19%	0.15%
TTWO	A	0.48%	0.64%	0.48%
V	A	0.04%	1.04%	0.04%
WST	C	0.05%	0.42%	0.05%

SHUS Overweight 445 Positions Relative to ANEW

Symbol	Grade	Weight
CVX	A	0.75%
XOM	B	0.75%
KR	B	0.73%
SYY	D	0.73%
WMT	A	0.72%
ROST	D	0.71%
TJX	A	0.71%
COST	B	0.7%
COF	A	0.69%
SYF	A	0.68%
CVS	F	0.68%
DFS	A	0.68%
WBA	F	0.63%
DPZ	C	0.52%
CMCSA	B	0.51%
PSX	C	0.5%
DRI	B	0.5%
YUM	D	0.5%
L	A	0.49%
EL	F	0.49%
VLO	C	0.49%
MSI	A	0.49%
MCD	D	0.49%
CMG	B	0.49%
BRK.A	A	0.49%
SBUX	A	0.48%
MPC	D	0.48%
MTCH	F	0.46%
CHTR	B	0.46%
CLX	A	0.41%
KVUE	A	0.41%
KMB	C	0.41%
PG	C	0.41%
BWA	A	0.41%
CHD	A	0.41%
VST	A	0.4%
PWR	A	0.4%
CL	D	0.4%
APTV	F	0.39%
J	D	0.39%
CEG	D	0.38%
JBL	C	0.37%
HRL	D	0.36%
ADM	D	0.36%
BG	D	0.36%
PM	A	0.35%
BKR	A	0.35%
MO	A	0.35%
TSN	A	0.35%
SLB	C	0.34%
SNPS	C	0.34%
HPQ	B	0.34%
T	A	0.33%
TMUS	A	0.33%
NKE	D	0.33%
IPG	F	0.33%
HCA	D	0.33%
CDNS	B	0.33%
IBM	D	0.33%
HAL	C	0.33%
AWK	C	0.32%
RL	B	0.32%
UHS	D	0.32%
ATO	A	0.32%
NI	A	0.32%
TPR	A	0.32%
GRMN	B	0.32%
VZ	C	0.32%
NRG	B	0.32%
AES	F	0.31%
NVR	D	0.3%
LULU	C	0.3%
FCX	F	0.29%
EXC	C	0.29%
DECK	A	0.29%
UAL	A	0.28%
VRSN	D	0.27%
STLD	B	0.27%
TSLA	B	0.27%
DAL	A	0.27%
MS	A	0.26%
HUM	F	0.26%
HUBB	B	0.26%
ETN	A	0.26%
SWK	F	0.26%
DLR	A	0.26%
GDDY	A	0.26%
ZTS	D	0.25%
STZ	D	0.25%
PHM	D	0.25%
MOH	F	0.25%
LUV	A	0.25%
KMI	A	0.25%
MNST	D	0.25%
ETR	A	0.25%
TAP	A	0.25%
SNA	A	0.25%
BMY	B	0.25%
INCY	B	0.25%
SCHW	A	0.25%
CNP	A	0.25%
RJF	A	0.25%
UNH	B	0.25%
LOW	A	0.25%
ENPH	F	0.25%
NUE	D	0.25%
HAS	D	0.25%
HD	A	0.25%
PEG	C	0.25%
GS	A	0.25%
CNC	F	0.25%
AEP	C	0.24%
D	C	0.24%
TRGP	A	0.24%
OKE	A	0.24%
FE	C	0.24%
VTRS	A	0.24%
ED	D	0.24%
KDP	D	0.24%
PFE	F	0.24%
BIIB	F	0.24%
NEE	C	0.24%
WMB	A	0.24%
NEM	F	0.24%
GM	A	0.24%
LEN	D	0.24%
ELV	F	0.24%
KO	D	0.24%
F	C	0.24%
DTE	C	0.24%
GILD	B	0.24%
CTLT	C	0.24%
EIX	C	0.24%
REGN	F	0.23%
VRTX	C	0.23%
LLY	F	0.23%
AMGN	D	0.23%
JNJ	D	0.23%
DHI	D	0.23%
LW	C	0.22%
DAY	B	0.22%
PLTR	A	0.22%
ADI	D	0.22%
CPRT	A	0.22%
TXN	C	0.22%
ON	F	0.22%
GOOG	B	0.22%
KHC	F	0.21%
ANET	C	0.21%
AOS	F	0.21%
QRVO	F	0.21%
SWKS	F	0.21%
SJM	F	0.21%
MET	A	0.21%
GIS	D	0.21%
CAG	F	0.21%
ADP	B	0.21%
PAYX	B	0.21%
PAYC	B	0.21%
TYL	B	0.21%
MPWR	F	0.21%
IR	A	0.2%
IEX	B	0.2%
AFL	C	0.2%
PARA	C	0.2%
CPB	D	0.2%
ERIE	F	0.2%
AIZ	A	0.2%
INTU	A	0.2%
FSLR	F	0.2%
PRU	A	0.2%
KEYS	C	0.2%
DIS	A	0.2%
PFG	C	0.2%
CAH	B	0.19%
TEL	C	0.19%
XYL	D	0.19%
MAS	D	0.19%
PGR	B	0.19%
WBD	B	0.19%
GLW	B	0.19%
BBWI	C	0.19%
PNR	A	0.19%
ALL	A	0.19%
BLDR	D	0.19%
GL	B	0.19%
AIG	B	0.19%
RSG	B	0.18%
EQT	A	0.18%
GEV	A	0.18%
WM	B	0.18%
MDLZ	F	0.18%
ROL	A	0.18%
COR	B	0.18%
K	B	0.18%
MCK	A	0.18%
CI	D	0.18%
MHK	D	0.18%
APH	B	0.18%
TGT	D	0.17%
MMM	D	0.17%
DG	F	0.17%
GE	D	0.17%
FTNT	A	0.17%
MLM	B	0.17%
DOV	A	0.17%
ITW	B	0.17%
WY	D	0.17%
BBY	C	0.17%
CTRA	A	0.17%
DLTR	F	0.17%
PTC	B	0.17%
DELL	C	0.17%
KLAC	F	0.17%
VMC	B	0.17%
STX	D	0.17%
WDC	F	0.17%
HSY	F	0.17%
PEP	F	0.17%
ULTA	D	0.17%
CTAS	B	0.17%
INTC	C	0.16%
GD	D	0.16%
DVN	F	0.16%
BA	F	0.16%
LH	B	0.16%
TXT	D	0.16%
HON	A	0.16%
ADSK	B	0.16%
TER	F	0.16%
AZO	C	0.15%
GPC	D	0.15%
A	D	0.15%
WAT	B	0.15%
SMCI	F	0.15%
MU	D	0.15%
MTD	F	0.14%
CRL	D	0.14%
CINF	A	0.14%
URI	B	0.14%
TRV	A	0.14%
CB	C	0.14%
HIG	C	0.14%
CAT	B	0.14%
ACGL	C	0.14%
EG	D	0.14%
ORLY	A	0.14%
KMX	B	0.14%
LKQ	D	0.14%
TMO	D	0.14%
IT	B	0.13%
EPAM	B	0.13%
POOL	D	0.13%
WFC	A	0.13%
GWW	A	0.13%
CTSH	B	0.13%
C	A	0.13%
WAB	B	0.13%
ACN	C	0.13%
ZBRA	B	0.13%
MCHP	F	0.13%
LDOS	C	0.13%
WRB	A	0.13%
IQV	F	0.13%
HLT	A	0.12%
SYK	A	0.12%
ABNB	C	0.12%
MAR	A	0.12%
EXPE	A	0.12%
STE	D	0.12%
CDW	F	0.12%
BAC	A	0.12%
BALL	D	0.12%
JPM	A	0.12%
ZBH	C	0.12%
FAST	B	0.12%
TSCO	D	0.12%
PCAR	B	0.12%
AMCR	C	0.12%
AME	A	0.12%
VTR	C	0.11%
DVA	C	0.11%
WELL	A	0.11%
EXR	C	0.11%
DOC	D	0.11%
BR	A	0.11%
BXP	D	0.11%
HST	D	0.11%
BK	A	0.11%
UBER	C	0.11%
STT	A	0.11%
HOLX	D	0.1%
PODD	A	0.1%
NWSA	B	0.1%
NWS	A	0.1%
RVTY	D	0.1%
ESS	A	0.1%
INVH	D	0.1%
EQR	C	0.1%
FOX	A	0.1%
UDR	C	0.1%
GEHC	D	0.1%
ALGN	D	0.1%
MAA	A	0.1%
FOXA	A	0.1%
AVB	A	0.1%
PSA	C	0.1%
ARE	D	0.1%
CPT	D	0.1%
AXON	A	0.09%
EXPD	D	0.09%
KKR	A	0.09%
CCL	A	0.09%
AMP	A	0.09%
CHRW	A	0.09%
NCLH	B	0.09%
CF	A	0.09%
BLK	A	0.09%
IVZ	B	0.09%
LYV	A	0.09%
IDXX	F	0.09%
SO	C	0.08%
PPL	A	0.08%
EVRG	A	0.08%
CARR	D	0.08%
LNT	A	0.08%
AEE	A	0.08%
TT	A	0.08%
JCI	A	0.08%
PH	A	0.08%
GNRC	B	0.08%
UNP	D	0.08%
WYNN	D	0.08%
NSC	B	0.08%
OTIS	D	0.08%
CMI	A	0.08%
LMT	D	0.08%
HII	F	0.08%
NOC	D	0.08%
BX	A	0.08%
RTX	D	0.08%
ODFL	B	0.08%
NTRS	A	0.08%
LVS	C	0.08%
MOS	D	0.08%
JBHT	B	0.08%
CSX	B	0.08%
LHX	B	0.08%
BEN	C	0.08%
TROW	A	0.08%
RCL	A	0.08%
UPS	C	0.08%
LYB	F	0.07%
SW	A	0.07%
FANG	D	0.07%
OXY	F	0.07%
PPG	F	0.07%
CZR	F	0.07%
COP	C	0.07%
MGM	D	0.07%
MRO	A	0.07%
EOG	A	0.07%
APA	F	0.07%
DOW	F	0.07%
HES	B	0.07%
PNW	A	0.07%
CE	F	0.07%
ALLE	D	0.07%
DUK	C	0.07%
WEC	A	0.07%
ES	C	0.07%
FDX	A	0.07%
PCG	A	0.07%
SRE	A	0.07%
XEL	A	0.07%
CMS	C	0.07%
HWM	A	0.07%
FI	A	0.06%
KEY	A	0.06%
RF	A	0.06%
PNC	A	0.06%
MTB	A	0.06%
MDT	D	0.06%
AMT	D	0.06%
IP	A	0.06%
KIM	A	0.06%
REG	A	0.06%
AVY	D	0.06%
FRT	B	0.06%
PLD	D	0.06%
SBAC	D	0.06%
VICI	C	0.06%
CCI	D	0.06%
PKG	B	0.06%
O	D	0.06%
SPG	A	0.06%
IRM	D	0.06%
TDG	D	0.06%
SHW	B	0.06%
AXP	A	0.05%
APD	A	0.05%
SOLV	C	0.05%
ECL	D	0.05%
BAX	F	0.05%
TFX	F	0.05%
EMN	C	0.05%
ALB	C	0.05%
DD	D	0.05%
FIS	B	0.05%
JKHY	D	0.05%
HBAN	A	0.05%
TFC	A	0.05%
USB	B	0.05%
CFG	A	0.05%
FITB	A	0.05%
EFX	F	0.04%
WTW	B	0.04%
MCO	C	0.04%
AON	A	0.04%
CBRE	B	0.04%
CSGP	F	0.04%
GPN	B	0.04%
SPGI	C	0.04%
CBOE	D	0.04%
VRSK	B	0.04%
ICE	D	0.04%
FDS	A	0.04%
NDAQ	A	0.04%
CPAY	A	0.04%
MKTX	C	0.04%
CME	A	0.04%
LIN	D	0.04%
MSCI	A	0.04%
ROK	A	0.03%
FICO	A	0.03%
VLTO	D	0.03%
EMR	A	0.03%
NDSN	B	0.03%
FTV	D	0.03%
TRMB	A	0.03%
TDY	B	0.03%
ROP	C	0.03%
AJG	A	0.03%
MMC	C	0.03%
BRO	B	0.03%

SHUS Underweight 69 Positions Relative to ANEW

Symbol	Grade	Weight
DASH	B	-2.89%
BABA	D	-1.93%
SFM	A	-1.21%
CNH	D	-0.92%
AGCO	D	-0.79%
SE	B	-0.75%
TCOM	B	-0.58%
ZD	B	-0.55%
DKNG	B	-0.5%
SMPL	B	-0.48%
NEOG	D	-0.41%
SMG	D	-0.4%
PINS	F	-0.38%
SXT	C	-0.38%
ILMN	C	-0.38%
SNAP	D	-0.37%
DOCS	C	-0.36%
MSTR	B	-0.36%
NTRA	B	-0.29%
CVLT	B	-0.28%
HOOD	A	-0.27%
QTWO	A	-0.27%
GH	B	-0.25%
DOCU	A	-0.24%
SMAR	A	-0.24%
GMED	A	-0.24%
PRCT	B	-0.24%
RARE	F	-0.23%
BOX	B	-0.23%
CCOI	B	-0.23%
CYBR	A	-0.22%
NET	C	-0.22%
COIN	A	-0.22%
INSP	F	-0.22%
BL	B	-0.21%
SMTC	C	-0.21%
KTOS	B	-0.21%
DBX	C	-0.21%
CHKP	D	-0.21%
PCTY	B	-0.21%
VRNS	D	-0.21%
DT	C	-0.2%
RIOT	B	-0.2%
NOVT	D	-0.2%
ALTR	B	-0.2%
WDAY	B	-0.19%
BLKB	D	-0.19%
ENOV	C	-0.18%
AI	C	-0.18%
PCOR	B	-0.18%
QGEN	D	-0.18%
CRSP	D	-0.17%
IRDM	C	-0.17%
TENB	D	-0.17%
NTNX	A	-0.17%
TWST	F	-0.17%
MARA	B	-0.17%
EEFT	C	-0.16%
MEDP	D	-0.16%
SLAB	F	-0.15%
SYNA	C	-0.15%
CGNX	D	-0.15%
OKTA	D	-0.14%
CLSK	C	-0.14%
IDYA	F	-0.14%
TMDX	F	-0.13%
FIVN	C	-0.13%
ACHC	F	-0.12%
TNDM	F	-0.11%