SMDY vs. IYG ETF Comparison

Comparison of Syntax Stratified MidCap ETF (SMDY) to iShares U.S. Financial Services ETF (IYG)

SMDY

Syntax Stratified MidCap ETF

SMDY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 95%, of its total assets in the securities comprising the index. The index, which was created by Syntax LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P MidCap 400® Index and holds the same constituents as the S&P MidCap 400 Index.

Grade (RS Rating)

Last Trade

$44.16

Average Daily Volume

525

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

IYG

iShares U.S. Financial Services ETF

IYG Description

The investment seeks to track the investment results of an index composed of U.S. equities in the financial services sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Financial Services Index (the "underlying index"), which measures the performance of the financial services sector of the U.S. equity market. It is a subset of the Dow Jones U.S. Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$70.24

Average Daily Volume

37,612

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	SMDY	IYG
30 Days	0.32%	-1.44%
60 Days	0.23%	6.50%
90 Days	3.92%	7.06%
12 Months	21.05%	41.43%

36 Overlapping Holdings

Symbol	Grade	Weight in SMDY	Weight in IYG	Overlap
ALLY	F	0.22%	0.18%	0.18%
AMG	B	0.33%	0.1%	0.1%
CACC	F	0.07%	0.05%	0.05%
CBSH	D	0.12%	0.13%	0.12%
CFR	D	0.12%	0.13%	0.12%
CG	B	0.3%	0.17%	0.17%
EQH	C	0.33%	0.24%	0.24%
ESNT	C	0.32%	0.12%	0.12%
EVR	C	0.17%	0.17%	0.17%
EWBC	D	0.07%	0.21%	0.07%
FFIN	D	0.08%	0.08%	0.08%
FHN	D	0.11%	0.15%	0.11%
FNB	D	0.06%	0.1%	0.06%
GBCI	C	0.07%	0.09%	0.07%
HLI	B	0.17%	0.15%	0.15%
HOMB	D	0.07%	0.09%	0.07%
IBKR	A	0.42%	0.28%	0.28%
JEF	A	0.22%	0.19%	0.19%
JHG	B	0.32%	0.09%	0.09%
MORN	C	0.31%	0.16%	0.16%
MTG	B	0.34%	0.12%	0.12%
OZK	D	0.07%	0.08%	0.07%
PB	D	0.07%	0.12%	0.07%
PNFP	D	0.07%	0.14%	0.07%
SEIC	B	0.29%	0.12%	0.12%
SF	A	0.43%	0.18%	0.18%
SLM	C	0.26%	0.09%	0.09%
SNV	D	0.07%	0.12%	0.07%
SSB	C	0.08%	0.13%	0.08%
UBSI	D	0.07%	0.09%	0.07%
UMBF	C	0.14%	0.09%	0.09%
VLY	C	0.08%	0.07%	0.07%
VOYA	A	0.3%	0.14%	0.14%
WBS	D	0.43%	0.15%	0.15%
WTFC	C	0.12%	0.13%	0.12%
ZION	D	0.07%	0.13%	0.07%

SMDY Overweight 355 Positions Relative to IYG

Symbol	Grade	Weight
SMG	B	2.01%
FYBR	C	1.55%
COTY	F	1.55%
DOCS	A	1.52%
CIEN	A	1.42%
LITE	A	1.41%
IRDM	B	1.23%
ZD	D	0.98%
DT	B	0.84%
SBRA	C	0.73%
OHI	C	0.69%
QLYS	F	0.67%
THC	D	0.66%
ACHC	F	0.65%
ARMK	B	0.62%
WING	C	0.58%
WEN	D	0.58%
TXRH	C	0.58%
LNW	F	0.54%
COKE	C	0.53%
DLB	C	0.52%
LAD	C	0.51%
UTHR	C	0.5%
ERIE	B	0.5%
AMKR	F	0.48%
EXEL	B	0.48%
TOL	A	0.47%
PAG	D	0.47%
POST	D	0.47%
TMHC	C	0.46%
KBH	C	0.46%
ILMN	B	0.45%
MTSI	C	0.45%
BRBR	A	0.45%
HALO	C	0.45%
CRUS	D	0.44%
AN	D	0.44%
SLAB	D	0.42%
RGEN	F	0.42%
PSTG	F	0.41%
CNO	C	0.41%
SFM	A	0.4%
ONTO	C	0.4%
SRPT	F	0.4%
CYTK	D	0.39%
ASB	F	0.39%
NVST	D	0.39%
PRGO	F	0.39%
GMED	D	0.39%
CVLT	C	0.38%
LSCC	D	0.38%
PRI	A	0.38%
JAZZ	F	0.38%
POWI	F	0.37%
UNM	A	0.37%
MANH	C	0.37%
LIVN	B	0.36%
DUOL	B	0.36%
ALGM	F	0.36%
MKSI	F	0.36%
FNF	B	0.35%
PCTY	B	0.35%
WEX	C	0.35%
SYNA	F	0.35%
ENOV	F	0.35%
GHC	C	0.35%
KMPR	D	0.34%
RNR	A	0.34%
PPC	D	0.34%
CAR	F	0.34%
DBX	B	0.34%
HRB	C	0.34%
NBIX	F	0.34%
BURL	D	0.33%
INGR	B	0.33%
USFD	C	0.33%
HAE	D	0.33%
MIDD	D	0.33%
CPRI	B	0.33%
BHF	F	0.33%
AZTA	F	0.33%
FAF	C	0.33%
BMRN	F	0.33%
PFGC	A	0.32%
ESAB	C	0.32%
TGNA	C	0.32%
BLKB	C	0.32%
FHI	C	0.32%
NXST	F	0.31%
MEDP	F	0.31%
ARWR	F	0.31%
TKO	A	0.31%
RMBS	F	0.3%
JWN	D	0.3%
NYT	C	0.3%
RGA	C	0.3%
LECO	F	0.29%
CRI	D	0.29%
LOPE	D	0.29%
APPF	C	0.29%
MMS	C	0.29%
SAM	C	0.28%
TEX	F	0.28%
FLO	D	0.28%
ALTR	C	0.28%
DAR	F	0.28%
NWE	B	0.27%
PNM	B	0.27%
IDA	D	0.27%
WMG	C	0.27%
COLM	D	0.27%
OGE	A	0.27%
MSA	F	0.27%
DKS	D	0.27%
WU	D	0.27%
AGCO	D	0.26%
TDC	D	0.26%
BJ	C	0.26%
HQY	C	0.26%
ST	F	0.26%
POR	D	0.26%
EEFT	F	0.26%
OSK	F	0.26%
TTC	D	0.25%
OGS	C	0.25%
OPCH	F	0.25%
SKX	D	0.25%
EHC	B	0.25%
LANC	F	0.25%
NSP	F	0.25%
CROX	C	0.25%
PVH	F	0.24%
AYI	A	0.24%
PLNT	B	0.24%
OLLI	C	0.24%
SHC	C	0.24%
VNT	F	0.24%
ORA	C	0.24%
CGNX	F	0.24%
DTM	A	0.24%
ALE	A	0.24%
BKH	C	0.24%
ZI	D	0.24%
THO	C	0.24%
HOG	D	0.24%
BC	D	0.23%
FIVE	D	0.23%
UGI	C	0.23%
GAP	F	0.23%
KEX	C	0.23%
NFG	A	0.23%
M	F	0.23%
RH	C	0.23%
SAIC	A	0.23%
IPGP	D	0.23%
SCI	D	0.23%
NJR	C	0.23%
G	A	0.23%
SR	D	0.23%
EXLS	A	0.23%
AMED	D	0.23%
NSA	C	0.22%
CELH	F	0.22%
AM	A	0.22%
GME	D	0.22%
CASY	D	0.22%
CUBE	C	0.22%
PII	D	0.22%
WSM	B	0.21%
MUSA	D	0.21%
RYAN	A	0.21%
WTRG	D	0.21%
CHE	C	0.21%
SWX	C	0.21%
LFUS	D	0.21%
ELS	D	0.21%
IRT	D	0.21%
THG	C	0.2%
ENS	D	0.2%
CNXC	F	0.2%
AMH	D	0.2%
LNTH	C	0.2%
CLH	C	0.19%
MP	B	0.19%
ORI	B	0.19%
GNTX	D	0.19%
KNX	D	0.19%
CACI	A	0.19%
BCO	C	0.19%
PEN	D	0.19%
VC	F	0.19%
DINO	D	0.18%
LII	C	0.18%
GXO	D	0.18%
SRCL	A	0.18%
NVT	D	0.18%
LSTR	F	0.18%
SAIA	D	0.18%
RGLD	C	0.18%
XPO	F	0.18%
AVTR	D	0.18%
XRAY	D	0.18%
UAA	B	0.17%
WHR	C	0.17%
MAT	D	0.17%
AFG	B	0.17%
JLL	C	0.17%
CMC	D	0.17%
TPX	C	0.17%
KD	D	0.17%
EXPO	A	0.17%
ANF	F	0.17%
RS	D	0.17%
CHX	C	0.17%
FLR	C	0.17%
RBA	D	0.17%
R	C	0.17%
FIX	B	0.17%
BRKR	D	0.16%
RCM	B	0.16%
ELF	F	0.16%
EXP	B	0.16%
TTEK	A	0.16%
FCN	C	0.16%
NOV	F	0.16%
KNF	C	0.16%
ACM	A	0.16%
UA	B	0.16%
KNSL	C	0.16%
MTZ	A	0.16%
X	F	0.16%
RLI	A	0.16%
EME	C	0.15%
COHR	A	0.15%
PBF	F	0.15%
YETI	C	0.15%
FND	C	0.15%
AA	B	0.15%
SIGI	D	0.15%
NOVT	D	0.14%
KBR	B	0.14%
PCH	C	0.14%
MDU	C	0.14%
MAN	D	0.14%
LPX	C	0.14%
VNO	A	0.14%
PGNY	F	0.14%
BDC	B	0.14%
ASGN	D	0.14%
GATX	F	0.14%
BYD	C	0.14%
MASI	B	0.14%
BLD	D	0.14%
GLPI	A	0.14%
NEOG	F	0.14%
TCBI	C	0.13%
VAL	F	0.13%
RYN	C	0.13%
CLF	F	0.13%
OLED	C	0.13%
WFRD	F	0.13%
CUZ	C	0.12%
CHDN	D	0.12%
HWC	D	0.12%
TREX	D	0.12%
RPM	B	0.11%
AVNT	C	0.11%
CHH	C	0.11%
KRC	C	0.11%
DCI	C	0.1%
AAON	B	0.1%
PK	D	0.1%
TNL	C	0.1%
VSH	F	0.1%
GGG	C	0.1%
LEA	F	0.1%
AXTA	C	0.1%
WTS	C	0.1%
RBC	C	0.1%
FLS	B	0.1%
CBT	C	0.1%
WH	C	0.1%
SSD	B	0.09%
CSL	A	0.09%
FR	D	0.09%
CNX	A	0.09%
HGV	F	0.09%
HXL	F	0.09%
RRX	C	0.09%
MTN	D	0.09%
HELE	D	0.09%
VMI	B	0.09%
ATR	A	0.09%
WLK	C	0.09%
ADNT	D	0.09%
VVV	F	0.09%
H	C	0.09%
WWD	C	0.08%
ARW	C	0.08%
BWXT	A	0.08%
BRX	C	0.08%
ADC	B	0.08%
OC	C	0.08%
EGP	D	0.08%
WMS	D	0.08%
NEU	F	0.08%
AIT	B	0.08%
STAG	D	0.08%
MSM	D	0.08%
ALV	F	0.08%
VAC	D	0.08%
ITT	C	0.08%
CW	A	0.08%
COLB	C	0.08%
GTLS	F	0.08%
TKR	D	0.08%
REXR	D	0.08%
TPL	A	0.08%
OLN	C	0.08%
WPC	C	0.08%
ASH	F	0.08%
PR	D	0.07%
ONB	D	0.07%
SNX	D	0.07%
CADE	D	0.07%
UFPI	C	0.07%
SWN	D	0.07%
NNN	A	0.07%
CR	C	0.07%
AVT	C	0.07%
KRG	C	0.07%
GT	F	0.07%
CC	D	0.07%
EPR	C	0.07%
LAMR	C	0.07%
CHRD	F	0.06%
CIVI	F	0.06%
CNM	F	0.06%
CCK	C	0.06%
WCC	D	0.06%
AR	B	0.06%
BERY	C	0.06%
SLGN	C	0.06%
OVV	D	0.06%
RRC	B	0.06%
STWD	C	0.06%
MUR	F	0.06%
CHK	D	0.06%
IBOC	D	0.06%
MTDR	F	0.06%
SON	D	0.05%
GEF	D	0.05%
GPK	D	0.05%
WOLF	F	0.04%
WSO	C	0.04%

SMDY Underweight 66 Positions Relative to IYG

Symbol	Grade	Weight
BRK.A	C	-15.28%
JPM	D	-10.92%
V	C	-8.38%
MA	A	-7.43%
BAC	D	-4.85%
WFC	F	-3.47%
SPGI	B	-2.99%
GS	D	-2.87%
AXP	B	-2.78%
BLK	A	-2.4%
MS	B	-2.36%
C	C	-2.15%
BX	C	-2.03%
SCHW	D	-1.75%
ICE	A	-1.66%
KKR	C	-1.62%
CME	A	-1.44%
MCO	D	-1.35%
PNC	C	-1.33%
USB	D	-1.3%
COF	C	-1.04%
TFC	D	-1.04%
APO	B	-1.03%
BK	C	-0.96%
AMP	A	-0.84%
MSCI	B	-0.83%
COIN	F	-0.71%
DFS	C	-0.64%
NDAQ	B	-0.55%
ARES	A	-0.53%
FITB	C	-0.53%
MTB	C	-0.53%
STT	C	-0.48%
TROW	D	-0.44%
FCNCA	D	-0.41%
RJF	B	-0.41%
RF	C	-0.39%
CBOE	B	-0.39%
HBAN	D	-0.39%
SYF	B	-0.36%
CFG	D	-0.34%
NTRS	C	-0.33%
LPLA	C	-0.32%
FDS	C	-0.32%
HOOD	C	-0.31%
KEY	C	-0.28%
TW	A	-0.26%
OWL	A	-0.18%
WAL	C	-0.17%
MKTX	B	-0.17%
IVZ	B	-0.15%
SOFI	C	-0.15%
CMA	C	-0.14%
BPOP	D	-0.13%
BEN	F	-0.12%
HLNE	A	-0.12%
OMF	F	-0.11%
LAZ	C	-0.11%
RDN	D	-0.1%
TPG	B	-0.09%
FCFS	F	-0.08%
RKT	D	-0.05%
VIRT	B	-0.05%
BOKF	D	-0.04%
UWMC	D	-0.02%
TFSL	F	-0.01%