SHUS vs. SPUS ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS)

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

$44.29

Average Daily Volume

2,444

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

SPUS

SP Funds S&P 500 Sharia Industry Exclusions ETF

SPUS Description

The investment seeks to track the performance, before fees and expenses, of the S&P 500 Shariah Industry Exclusions Index. The index is composed of the constituents of the S&P 500® Shariah Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The manager attempts to invest all, or substantially all, of its assets in the component securities that make up the index. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$42.49

Average Daily Volume

187,591

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	SPUS
30 Days	2.26%	1.91%
60 Days	3.81%	2.94%
90 Days	5.24%	3.81%
12 Months	15.89%	29.89%

222 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in SPUS	Overlap
A	D	0.15%	0.12%	0.12%
AAPL	C	0.49%	11.07%	0.49%
ABBV	D	0.24%	0.94%	0.24%
ABT	B	0.06%	0.64%	0.06%
ACN	C	0.13%	0.71%	0.13%
ADBE	C	0.15%	0.7%	0.15%
ADI	D	0.22%	0.33%	0.22%
ADM	D	0.36%	0.08%	0.08%
ADSK	A	0.16%	0.21%	0.16%
AKAM	D	0.26%	0.04%	0.04%
ALB	C	0.05%	0.04%	0.04%
ALGN	D	0.1%	0.05%	0.05%
ALLE	D	0.07%	0.04%	0.04%
AMAT	F	0.17%	0.45%	0.17%
AMD	F	0.14%	0.71%	0.14%
AME	A	0.12%	0.14%	0.12%
AMZN	C	0.21%	6.03%	0.21%
ANET	C	0.21%	0.31%	0.21%
ANSS	B	0.17%	0.1%	0.1%
AOS	F	0.21%	0.03%	0.03%
APD	A	0.05%	0.23%	0.05%
APH	A	0.18%	0.27%	0.18%
APTV	D	0.39%	0.04%	0.04%
AVB	B	0.1%	0.1%	0.1%
AVGO	D	0.22%	2.42%	0.22%
AVY	D	0.06%	0.05%	0.05%
AZO	C	0.15%	0.17%	0.15%
BBY	D	0.17%	0.05%	0.05%
BDX	F	0.05%	0.2%	0.05%
BIIB	F	0.24%	0.07%	0.07%
BKNG	A	0.13%	0.53%	0.13%
BKR	B	0.35%	0.14%	0.14%
BLDR	D	0.19%	0.06%	0.06%
BSX	B	0.06%	0.42%	0.06%
CAH	B	0.19%	0.09%	0.09%
CDNS	B	0.33%	0.26%	0.26%
CDW	F	0.12%	0.07%	0.07%
CEG	D	0.38%	0.23%	0.23%
CF	B	0.09%	0.05%	0.05%
CHD	B	0.41%	0.09%	0.09%
CHRW	C	0.09%	0.04%	0.04%
CL	D	0.4%	0.24%	0.24%
CLX	B	0.41%	0.07%	0.07%
CMI	A	0.08%	0.16%	0.08%
COP	C	0.07%	0.42%	0.07%
COR	B	0.18%	0.14%	0.14%
CPRT	A	0.22%	0.15%	0.15%
CPT	B	0.1%	0.04%	0.04%
CRL	C	0.14%	0.03%	0.03%
CRM	B	0.35%	1.0%	0.35%
CSCO	B	0.21%	0.74%	0.21%
CSX	B	0.08%	0.21%	0.08%
CTAS	B	0.17%	0.24%	0.17%
CTRA	B	0.17%	0.06%	0.06%
CTSH	B	0.13%	0.12%	0.12%
CTVA	C	0.08%	0.13%	0.08%
DD	D	0.05%	0.11%	0.05%
DECK	A	0.29%	0.09%	0.09%
DHI	D	0.23%	0.15%	0.15%
DHR	F	0.1%	0.48%	0.1%
DOV	A	0.17%	0.09%	0.09%
DVN	F	0.16%	0.08%	0.08%
DXCM	D	0.09%	0.1%	0.09%
EBAY	D	0.22%	0.09%	0.09%
ECL	D	0.05%	0.19%	0.05%
EFX	F	0.04%	0.1%	0.04%
EL	F	0.49%	0.05%	0.05%
EMR	A	0.03%	0.24%	0.03%
ENPH	F	0.25%	0.03%	0.03%
EOG	A	0.07%	0.25%	0.07%
EPAM	C	0.13%	0.04%	0.04%
EQIX	A	0.26%	0.28%	0.26%
EQR	B	0.1%	0.08%	0.08%
ETN	A	0.26%	0.46%	0.26%
EW	C	0.06%	0.13%	0.06%
EXPD	D	0.09%	0.05%	0.05%
FAST	B	0.12%	0.15%	0.12%
FCX	D	0.29%	0.2%	0.2%
FFIV	B	0.2%	0.04%	0.04%
FICO	B	0.03%	0.18%	0.03%
FSLR	F	0.2%	0.06%	0.06%
FTNT	C	0.17%	0.19%	0.17%
FTV	C	0.03%	0.08%	0.03%
GEHC	F	0.1%	0.12%	0.1%
GILD	C	0.24%	0.35%	0.24%
GIS	D	0.21%	0.11%	0.11%
GLW	B	0.19%	0.12%	0.12%
GNRC	B	0.08%	0.03%	0.03%
GOOG	C	0.22%	2.71%	0.22%
GOOGL	C	0.22%	3.28%	0.22%
GPC	D	0.15%	0.05%	0.05%
GRMN	B	0.32%	0.1%	0.1%
GWW	B	0.13%	0.17%	0.13%
HAL	C	0.33%	0.09%	0.09%
HD	A	0.25%	1.26%	0.25%
HES	B	0.07%	0.13%	0.07%
HOLX	D	0.1%	0.06%	0.06%
HON	B	0.16%	0.47%	0.16%
HPQ	B	0.34%	0.11%	0.11%
HSIC	B	0.2%	0.03%	0.03%
HSY	F	0.17%	0.08%	0.08%
HUBB	B	0.26%	0.08%	0.08%
IDXX	F	0.09%	0.11%	0.09%
IEX	B	0.2%	0.05%	0.05%
INCY	C	0.25%	0.04%	0.04%
IR	B	0.2%	0.13%	0.13%
ISRG	A	0.12%	0.61%	0.12%
IT	C	0.13%	0.13%	0.13%
ITW	B	0.17%	0.23%	0.17%
J	F	0.39%	0.05%	0.05%
JBHT	C	0.08%	0.05%	0.05%
JBL	B	0.37%	0.05%	0.05%
JCI	C	0.08%	0.18%	0.08%
JNJ	D	0.23%	1.17%	0.23%
JNPR	F	0.19%	0.04%	0.04%
K	A	0.18%	0.07%	0.07%
KDP	D	0.24%	0.11%	0.11%
KEYS	A	0.2%	0.09%	0.09%
KLAC	D	0.17%	0.26%	0.17%
KMB	D	0.41%	0.15%	0.15%
KVUE	A	0.41%	0.14%	0.14%
LH	C	0.16%	0.06%	0.06%
LIN	D	0.04%	0.69%	0.04%
LKQ	D	0.14%	0.03%	0.03%
LLY	F	0.23%	1.89%	0.23%
LOW	D	0.25%	0.48%	0.25%
LULU	C	0.3%	0.11%	0.11%
LW	C	0.22%	0.03%	0.03%
MAA	B	0.1%	0.06%	0.06%
MAS	D	0.19%	0.05%	0.05%
MCHP	D	0.13%	0.11%	0.11%
MCK	B	0.18%	0.26%	0.18%
MDLZ	F	0.18%	0.27%	0.18%
MDT	D	0.06%	0.34%	0.06%
META	D	0.46%	3.93%	0.46%
MHK	D	0.18%	0.02%	0.02%
MKC	D	0.21%	0.06%	0.06%
MLM	B	0.17%	0.11%	0.11%
MMM	D	0.17%	0.22%	0.17%
MNST	C	0.25%	0.12%	0.12%
MOH	F	0.25%	0.05%	0.05%
MOS	F	0.08%	0.03%	0.03%
MPWR	F	0.21%	0.09%	0.09%
MRK	F	0.24%	0.79%	0.24%
MSFT	F	0.32%	9.82%	0.32%
MSI	B	0.49%	0.26%	0.26%
MTD	D	0.14%	0.08%	0.08%
MU	D	0.15%	0.35%	0.15%
NDSN	B	0.03%	0.04%	0.03%
NEM	D	0.24%	0.16%	0.16%
NKE	D	0.33%	0.28%	0.28%
NOW	A	0.22%	0.67%	0.22%
NSC	B	0.08%	0.19%	0.08%
NTAP	C	0.17%	0.08%	0.08%
NUE	C	0.25%	0.11%	0.11%
NVDA	C	0.13%	11.41%	0.13%
NXPI	D	0.23%	0.18%	0.18%
ODFL	B	0.08%	0.13%	0.08%
ON	D	0.22%	0.09%	0.09%
ORLY	B	0.14%	0.22%	0.14%
OTIS	C	0.08%	0.13%	0.08%
PANW	C	0.16%	0.4%	0.16%
PAYC	B	0.21%	0.03%	0.03%
PEP	F	0.17%	0.69%	0.17%
PG	A	0.41%	1.28%	0.41%
PH	A	0.08%	0.28%	0.08%
PHM	D	0.25%	0.08%	0.08%
PKG	A	0.06%	0.07%	0.06%
PLD	D	0.06%	0.34%	0.06%
PNR	A	0.19%	0.05%	0.05%
PODD	C	0.1%	0.06%	0.06%
POOL	C	0.13%	0.04%	0.04%
PPG	F	0.07%	0.09%	0.07%
PTC	A	0.17%	0.07%	0.07%
PWR	A	0.4%	0.16%	0.16%
QCOM	F	0.22%	0.55%	0.22%
QRVO	F	0.21%	0.02%	0.02%
REGN	F	0.23%	0.25%	0.23%
RL	B	0.32%	0.03%	0.03%
RMD	C	0.09%	0.11%	0.09%
ROK	B	0.03%	0.1%	0.03%
ROL	B	0.18%	0.04%	0.04%
ROP	B	0.03%	0.19%	0.03%
ROST	C	0.71%	0.15%	0.15%
RSG	A	0.18%	0.14%	0.14%
SHW	A	0.06%	0.27%	0.06%
SLB	C	0.34%	0.2%	0.2%
SMCI	F	0.15%	0.04%	0.04%
SNPS	B	0.34%	0.26%	0.26%
STE	F	0.12%	0.07%	0.07%
STLD	B	0.27%	0.07%	0.07%
SWKS	F	0.21%	0.04%	0.04%
SYK	C	0.12%	0.42%	0.12%
TECH	D	0.15%	0.03%	0.03%
TER	D	0.16%	0.05%	0.05%
TFX	F	0.05%	0.03%	0.03%
TGT	F	0.17%	0.18%	0.17%
TJX	A	0.71%	0.43%	0.43%
TMO	F	0.14%	0.62%	0.14%
TRMB	B	0.03%	0.05%	0.03%
TSCO	D	0.12%	0.09%	0.09%
TSLA	B	0.27%	3.02%	0.27%
TT	A	0.08%	0.3%	0.08%
TXN	C	0.22%	0.58%	0.22%
TYL	B	0.21%	0.08%	0.08%
UBER	D	0.11%	0.46%	0.11%
ULTA	F	0.17%	0.05%	0.05%
UNP	C	0.08%	0.45%	0.08%
UPS	C	0.08%	0.31%	0.08%
VLO	C	0.49%	0.14%	0.14%
VLTO	D	0.03%	0.08%	0.03%
VMC	B	0.17%	0.12%	0.12%
VRSN	F	0.27%	0.05%	0.05%
WAB	B	0.13%	0.11%	0.11%
WAT	B	0.15%	0.07%	0.07%
WM	A	0.18%	0.25%	0.18%
WST	C	0.05%	0.07%	0.05%
WY	D	0.17%	0.07%	0.07%
XOM	B	0.75%	1.7%	0.75%
XYL	D	0.19%	0.09%	0.09%
ZBH	C	0.12%	0.07%	0.07%
ZBRA	B	0.13%	0.06%	0.06%

SHUS Overweight 278 Positions Relative to SPUS

Symbol	Grade	Weight
CVX	A	0.75%
KR	B	0.73%
SYY	B	0.73%
WMT	A	0.72%
COST	B	0.7%
COF	B	0.69%
SYF	B	0.68%
CVS	D	0.68%
DFS	B	0.68%
WBA	F	0.63%
DPZ	C	0.52%
CMCSA	B	0.51%
PSX	C	0.5%
DRI	B	0.5%
YUM	B	0.5%
L	A	0.49%
MCD	D	0.49%
CMG	B	0.49%
BRK.A	B	0.49%
SBUX	A	0.48%
EA	A	0.48%
MPC	D	0.48%
TTWO	A	0.48%
MTCH	D	0.46%
CHTR	C	0.46%
BWA	D	0.41%
VST	B	0.4%
HRL	D	0.36%
BG	F	0.36%
PM	B	0.35%
MO	A	0.35%
TSN	B	0.35%
ORCL	B	0.34%
T	A	0.33%
TMUS	B	0.33%
IPG	D	0.33%
OMC	C	0.33%
HCA	F	0.33%
IBM	C	0.33%
AWK	D	0.32%
UHS	D	0.32%
ATO	A	0.32%
NI	A	0.32%
TPR	B	0.32%
VZ	C	0.32%
NRG	B	0.32%
AES	F	0.31%
NVR	D	0.3%
EXC	C	0.29%
UAL	A	0.28%
DAL	C	0.27%
MS	A	0.26%
HUM	C	0.26%
SWK	D	0.26%
DLR	B	0.26%
GDDY	A	0.26%
ZTS	D	0.25%
STZ	D	0.25%
LUV	C	0.25%
KMI	A	0.25%
ETR	B	0.25%
TAP	C	0.25%
SNA	A	0.25%
BMY	B	0.25%
SCHW	B	0.25%
CNP	B	0.25%
RJF	A	0.25%
UNH	C	0.25%
HAS	D	0.25%
PEG	A	0.25%
GS	A	0.25%
CNC	D	0.25%
AEP	D	0.24%
D	C	0.24%
TRGP	B	0.24%
OKE	A	0.24%
FE	C	0.24%
VTRS	A	0.24%
ED	D	0.24%
PFE	D	0.24%
NEE	D	0.24%
WMB	A	0.24%
GM	B	0.24%
LEN	D	0.24%
ELV	F	0.24%
KO	D	0.24%
F	C	0.24%
DTE	C	0.24%
CTLT	B	0.24%
EIX	B	0.24%
VRTX	F	0.23%
MRNA	F	0.23%
AMGN	D	0.23%
DAY	B	0.22%
NFLX	A	0.22%
PLTR	B	0.22%
KHC	F	0.21%
SJM	D	0.21%
MET	A	0.21%
CAG	D	0.21%
ADP	B	0.21%
PAYX	C	0.21%
AFL	B	0.2%
PARA	C	0.2%
CPB	D	0.2%
ERIE	D	0.2%
AIZ	A	0.2%
INTU	C	0.2%
PRU	A	0.2%
DIS	B	0.2%
PFG	D	0.2%
TEL	B	0.19%
HPE	B	0.19%
PGR	A	0.19%
WBD	C	0.19%
BBWI	D	0.19%
ALL	A	0.19%
GL	B	0.19%
AIG	B	0.19%
CRWD	B	0.18%
EQT	B	0.18%
GEV	B	0.18%
CI	F	0.18%
DG	F	0.17%
GE	D	0.17%
GEN	B	0.17%
DLTR	F	0.17%
DELL	C	0.17%
STX	D	0.17%
WDC	D	0.17%
INTC	D	0.16%
GD	F	0.16%
BA	F	0.16%
DGX	A	0.16%
TXT	D	0.16%
CINF	A	0.14%
URI	B	0.14%
TRV	B	0.14%
CB	C	0.14%
HIG	B	0.14%
CAT	B	0.14%
ACGL	D	0.14%
EG	C	0.14%
KMX	B	0.14%
WFC	A	0.13%
C	A	0.13%
DE	A	0.13%
LDOS	C	0.13%
WRB	A	0.13%
IQV	D	0.13%
HLT	A	0.12%
ABNB	C	0.12%
MAR	B	0.12%
EXPE	B	0.12%
BAC	A	0.12%
BALL	D	0.12%
JPM	A	0.12%
PCAR	B	0.12%
AMCR	D	0.12%
VTR	C	0.11%
DVA	B	0.11%
WELL	A	0.11%
EXR	D	0.11%
DOC	D	0.11%
BR	A	0.11%
BXP	D	0.11%
HST	C	0.11%
BK	A	0.11%
STT	A	0.11%
NWSA	B	0.1%
NWS	B	0.1%
RVTY	F	0.1%
ESS	B	0.1%
INVH	D	0.1%
FOX	A	0.1%
UDR	B	0.1%
FOXA	B	0.1%
PSA	D	0.1%
ARE	D	0.1%
AXON	A	0.09%
KKR	A	0.09%
CCL	B	0.09%
AMP	A	0.09%
NCLH	B	0.09%
BLK	C	0.09%
IVZ	B	0.09%
LYV	A	0.09%
SO	D	0.08%
PPL	B	0.08%
EVRG	A	0.08%
CARR	D	0.08%
LNT	A	0.08%
AEE	A	0.08%
WYNN	D	0.08%
LMT	D	0.08%
HII	D	0.08%
NOC	D	0.08%
BX	A	0.08%
RTX	C	0.08%
NTRS	A	0.08%
LVS	C	0.08%
LHX	C	0.08%
FMC	D	0.08%
BEN	C	0.08%
TROW	B	0.08%
RCL	A	0.08%
LYB	F	0.07%
SW	A	0.07%
FANG	D	0.07%
OXY	D	0.07%
CZR	F	0.07%
MGM	D	0.07%
MRO	B	0.07%
APA	D	0.07%
DOW	F	0.07%
PNW	B	0.07%
CE	F	0.07%
DUK	C	0.07%
WEC	A	0.07%
ES	D	0.07%
FDX	B	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	B	0.06%
RF	A	0.06%
PNC	B	0.06%
MTB	A	0.06%
PYPL	B	0.06%
AMT	D	0.06%
IP	B	0.06%
KIM	A	0.06%
REG	B	0.06%
FRT	B	0.06%
SBAC	D	0.06%
VICI	C	0.06%
CCI	D	0.06%
O	D	0.06%
SPG	B	0.06%
IRM	D	0.06%
TDG	D	0.06%
MA	C	0.05%
AXP	A	0.05%
SOLV	C	0.05%
IFF	D	0.05%
BAX	D	0.05%
EMN	D	0.05%
FIS	C	0.05%
JKHY	D	0.05%
HBAN	A	0.05%
TFC	A	0.05%
USB	A	0.05%
CFG	B	0.05%
FITB	A	0.05%
WTW	B	0.04%
MCO	B	0.04%
AON	A	0.04%
CBRE	B	0.04%
CSGP	D	0.04%
GPN	B	0.04%
SPGI	C	0.04%
CBOE	B	0.04%
VRSK	A	0.04%
ICE	C	0.04%
FDS	B	0.04%
V	A	0.04%
NDAQ	A	0.04%
CPAY	A	0.04%
MKTX	D	0.04%
CME	A	0.04%
MSCI	C	0.04%
TDY	B	0.03%
AJG	B	0.03%
MMC	B	0.03%
BRO	B	0.03%

SHUS Underweight 1 Positions Relative to SPUS

	Symbol	Grade	Weight
	LRCX	F	-0.29%