SPGM vs. EHLS ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to Even Herd Long Short ETF (EHLS)

SPGM

SPDR Portfolio MSCI Global Stock Market ETF

SPGM Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI IMI Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a free float-adjusted market capitalization-weighted index that is designed to measure the combined equity market performance of developed and emerging markets.

Grade (RS Rating)

Last Trade

$63.94

Average Daily Volume

53,686

Number of Holdings ^*

1002

* may have additional holdings in another (foreign) market

EHLS

Even Herd Long Short ETF

EHLS Description

EHLS seeks long-term capital appreciation through a momentum-focused strategy that takes both long and short positions in US equity securities. In selecting securities, the fund employs a proprietary algorithm that emphasizes a dynamic, trend-focused analysis, instead of a strictly bottom-up valuation analysis, driven by price movements and other data points based on market trends and stock momentum. The sub-adviser may adjust its proprietary system that is continuously optimized and refined. The fund strategy involves taking long positions in equity securities exhibiting strong upward momentum and short positions in those showing downward momentum. The actively managed fund targets a net equity exposure from 40% to 90% net long, subject to adjustments based on market conditions. The fund aims to maintain 100% long and 10-60% short exposure. Short sales may include entering into swap agreements or the use of leverage.

Grade (RS Rating)

Last Trade

$22.32

Average Daily Volume

2,997

Number of Holdings ^*

279

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	EHLS
30 Days	-0.09%	5.16%
60 Days	2.90%	8.64%
90 Days	4.38%	12.23%
12 Months	25.88%

111 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in EHLS	Overlap
ADM	F	0.08%	-0.25%	-0.25%
ADMA	C	0.02%	1.31%	0.02%
ADNT	D	0.0%	-0.21%	-0.21%
AES	F	0.01%	-0.17%	-0.17%
ALB	C	0.01%	-0.27%	-0.27%
ALHC	C	0.0%	0.5%	0.0%
ALLY	C	0.02%	-0.31%	-0.31%
AMR	C	0.0%	-0.35%	-0.35%
AMRC	F	0.0%	-0.24%	-0.24%
ANET	C	0.08%	1.01%	0.08%
APA	F	0.01%	-0.23%	-0.23%
APLS	F	0.0%	-0.26%	-0.26%
APTV	F	0.0%	-0.19%	-0.19%
ATKR	C	0.0%	-0.28%	-0.28%
AXP	B	0.37%	1.0%	0.37%
BEKE	C	0.01%	0.45%	0.01%
BEN	C	0.05%	-0.2%	-0.2%
BHF	B	0.01%	-0.33%	-0.33%
BK	B	0.19%	1.22%	0.19%
BSX	A	0.14%	0.7%	0.14%
CALX	F	0.0%	-0.32%	-0.32%
CAR	C	0.0%	-0.3%	-0.3%
CARS	B	0.0%	-0.31%	-0.31%
CASH	B	0.01%	0.27%	0.01%
CC	C	0.0%	-0.25%	-0.25%
CCB	A	0.01%	0.53%	0.01%
CDNA	D	0.0%	0.7%	0.0%
CEG	D	0.13%	1.29%	0.13%
CHRD	D	0.0%	-0.3%	-0.3%
CLBT	C	0.01%	1.27%	0.01%
CNI	F	0.13%	-0.28%	-0.28%
CSGP	F	0.0%	-0.46%	-0.46%
CVNA	B	0.03%	1.29%	0.03%
CVX	A	0.34%	-0.3%	-0.3%
DASH	A	0.03%	1.06%	0.03%
DIS	B	0.25%	-0.3%	-0.3%
DKNG	B	0.02%	-0.25%	-0.25%
DVN	F	0.01%	-0.27%	-0.27%
ELF	C	0.0%	-0.2%	-0.2%
ELV	F	0.18%	-0.24%	-0.24%
ENPH	F	0.01%	-0.21%	-0.21%
EPAM	B	0.01%	-0.44%	-0.44%
ETSY	D	0.0%	-0.25%	-0.25%
F	C	0.07%	-0.24%	-0.24%
FI	A	0.05%	0.47%	0.05%
FICO	B	0.02%	1.6%	0.02%
FIVN	C	0.0%	-0.25%	-0.25%
FIZZ	C	0.0%	-0.32%	-0.32%
FLNG	C	0.01%	-0.18%	-0.18%
FTI	B	0.03%	0.53%	0.03%
FTV	C	0.06%	-0.25%	-0.25%
GATO	C	0.01%	0.24%	0.01%
GDS	C	0.0%	1.87%	0.0%
GRBK	D	0.01%	0.47%	0.01%
HES	B	0.11%	-0.29%	-0.29%
HSY	F	0.12%	-0.25%	-0.25%
IIPR	F	0.02%	1.18%	0.02%
IRTC	C	0.0%	-0.35%	-0.35%
ISRG	A	0.17%	0.76%	0.17%
KEYS	C	0.13%	-0.26%	-0.26%
KKR	B	0.11%	0.77%	0.11%
LMB	B	0.0%	1.73%	0.0%
LW	B	0.04%	-0.3%	-0.3%
MATX	B	0.01%	0.24%	0.01%
META	B	1.45%	1.74%	1.45%
MOD	D	0.05%	0.85%	0.05%
MRK	F	0.32%	-0.25%	-0.25%
MTDR	B	0.01%	-0.26%	-0.26%
NARI	C	0.0%	-0.35%	-0.35%
NEO	B	0.0%	-0.31%	-0.31%
NKE	F	0.18%	-0.23%	-0.23%
NPAB	F	0.0%	0.81%	0.0%
NUE	D	0.02%	-0.25%	-0.25%
NVDA	A	4.05%	1.8%	1.8%
OKTA	C	0.01%	-0.29%	-0.29%
OMI	F	0.01%	-0.47%	-0.47%
ON	F	0.01%	-0.3%	-0.3%
OSCR	D	0.0%	0.32%	0.0%
OVV	C	0.0%	-0.31%	-0.31%
PARR	F	0.0%	-0.44%	-0.44%
PCH	F	0.01%	-0.25%	-0.25%
PD	C	0.0%	-0.26%	-0.26%
PGR	A	0.17%	0.48%	0.17%
PINS	F	0.02%	-0.36%	-0.36%
PLD	D	0.22%	-0.24%	-0.24%
PLTR	B	0.11%	1.06%	0.11%
PNTG	D	0.01%	0.85%	0.01%
POWL	C	0.02%	0.29%	0.02%
QFIN	C	0.0%	0.23%	0.0%
QTWO	B	0.02%	1.91%	0.02%
RDNT	B	0.01%	0.96%	0.01%
RKLB	B	0.01%	0.27%	0.01%
RNA	B	0.01%	0.5%	0.01%
SE	B	0.04%	1.21%	0.04%
SITE	D	0.0%	-0.25%	-0.25%
SLB	C	0.07%	-0.29%	-0.29%
SNOW	C	0.03%	-0.3%	-0.3%
SPT	C	0.0%	-0.32%	-0.32%
TEVA	D	0.01%	0.46%	0.01%
TMUS	A	0.06%	0.94%	0.06%
TPB	B	0.0%	1.11%	0.0%
TRUP	B	0.0%	0.21%	0.0%
UPS	C	0.11%	-0.37%	-0.37%
USLM	B	0.01%	1.7%	0.01%
VLO	C	0.11%	-0.31%	-0.31%
VTLE	C	0.0%	-0.28%	-0.28%
W	F	0.01%	-0.21%	-0.21%
WMT	A	0.4%	0.49%	0.4%
WRLD	C	0.0%	-0.2%	-0.2%
YOU	D	0.0%	0.73%	0.0%
ZETA	F	0.01%	0.9%	0.01%

SPGM Overweight 891 Positions Relative to EHLS

Symbol	Grade	Weight
AAPL	C	3.64%
MSFT	C	3.34%
AMZN	A	2.14%
GOOG	C	1.11%
GOOGL	C	1.11%
TSM	C	1.01%
JPM	A	0.95%
AVGO	C	0.93%
TSLA	B	0.89%
LLY	F	0.71%
BRK.A	B	0.71%
V	A	0.68%
XOM	B	0.68%
UNH	B	0.67%
COST	B	0.55%
HD	B	0.53%
BAC	A	0.5%
CRM	B	0.46%
PG	C	0.45%
MA	B	0.43%
ABBV	F	0.43%
ORCL	A	0.42%
WFC	A	0.42%
TMO	F	0.41%
JNJ	D	0.4%
TXN	B	0.39%
GS	B	0.37%
NFLX	A	0.35%
INTU	A	0.35%
CSCO	A	0.35%
ABT	C	0.34%
LIN	D	0.33%
RTX	D	0.33%
ADBE	C	0.33%
TJX	A	0.33%
CAT	B	0.32%
MS	A	0.31%
BKNG	A	0.31%
LOW	B	0.3%
DHR	F	0.3%
KO	F	0.29%
ACN	B	0.28%
IBM	D	0.28%
QCOM	F	0.28%
UNP	D	0.27%
CB	C	0.26%
AMAT	F	0.26%
TM	F	0.26%
C	B	0.26%
PEP	D	0.26%
AFL	C	0.25%
CMI	A	0.25%
LMT	D	0.25%
GD	C	0.24%
NEE	D	0.24%
AMD	F	0.24%
MCD	C	0.23%
NVS	F	0.23%
SPGI	C	0.23%
ETN	B	0.23%
AMGN	F	0.23%
ADP	A	0.23%
MDT	D	0.23%
MCK	B	0.22%
ORLY	A	0.22%
WM	A	0.22%
SONY	C	0.21%
DFS	B	0.21%
T	A	0.21%
BABA	D	0.21%
PSA	D	0.21%
A	F	0.21%
HSBH	A	0.2%
CSX	B	0.2%
MET	C	0.2%
PM	B	0.2%
HON	B	0.2%
TRV	B	0.2%
EMR	A	0.2%
CMCSA	B	0.19%
ABBV	F	0.19%
PFE	F	0.19%
GILD	B	0.19%
SYK	A	0.19%
SBUX	B	0.19%
IBN	C	0.18%
TT	B	0.18%
COP	C	0.18%
DE	D	0.18%
UL	D	0.17%
ROST	D	0.17%
FDX	B	0.17%
BDX	F	0.17%
NOC	D	0.17%
MMC	D	0.17%
PH	A	0.17%
JCI	A	0.17%
ADI	D	0.17%
NSC	B	0.17%
AEP	D	0.16%
INFY	C	0.16%
MUFG	A	0.16%
AMT	F	0.16%
MPC	D	0.16%
SCHW	B	0.16%
PNC	B	0.16%
EOG	A	0.15%
GLW	B	0.15%
NOW	A	0.15%
ALL	B	0.15%
COF	B	0.15%
PRU	B	0.15%
PEG	C	0.14%
BMY	B	0.14%
ECL	C	0.14%
FAST	B	0.14%
ITW	B	0.14%
SPG	A	0.14%
PYPL	A	0.14%
INTC	C	0.14%
GE	D	0.14%
CVS	F	0.14%
USB	B	0.13%
IR	A	0.13%
CTSH	A	0.13%
UBER	F	0.13%
VZ	D	0.13%
MTB	A	0.13%
ROIC	A	0.12%
TGT	C	0.12%
CLX	A	0.12%
CL	F	0.12%
RDY	F	0.12%
SYY	D	0.12%
MMM	C	0.11%
KMB	D	0.11%
CHTR	B	0.11%
MKC	D	0.11%
SHOP	B	0.11%
YUM	B	0.11%
BA	F	0.11%
PANW	B	0.11%
MELI	D	0.11%
HPQ	B	0.11%
TD	D	0.11%
EIX	C	0.11%
NTAP	D	0.1%
REGN	F	0.1%
DUK	D	0.1%
EBAY	C	0.1%
ICE	C	0.1%
CMG	B	0.1%
CHRW	A	0.09%
UMH	C	0.09%
MO	A	0.09%
GM	B	0.09%
ZTS	D	0.09%
CME	B	0.09%
SMFG	A	0.08%
VRTX	B	0.08%
MU	D	0.08%
AZN	F	0.08%
APD	B	0.08%
AON	B	0.08%
STT	B	0.08%
TCOM	C	0.08%
PPL	A	0.08%
CHT	D	0.08%
CTVA	C	0.08%
DD	D	0.08%
CRWD	B	0.08%
WMB	B	0.08%
PDD	F	0.08%
LRCX	F	0.07%
DEO	F	0.07%
NXRT	B	0.07%
BCS	B	0.07%
VRT	B	0.07%
HDB	C	0.07%
STX	D	0.07%
FE	D	0.07%
GEV	B	0.07%
LYB	F	0.07%
VALE	F	0.07%
CDNS	B	0.07%
CHD	A	0.07%
HPE	B	0.07%
MRO	B	0.07%
SO	D	0.07%
WDC	D	0.07%
SJM	F	0.07%
TSN	B	0.07%
BIIB	F	0.07%
CI	D	0.07%
BAX	F	0.06%
EQR	C	0.06%
UMC	F	0.06%
BX	A	0.06%
SYF	B	0.06%
CARR	C	0.06%
MFG	A	0.06%
DEA	D	0.06%
EXC	C	0.06%
WIT	B	0.06%
JNPR	D	0.06%
DOW	F	0.06%
K	A	0.06%
SNPS	C	0.05%
ABNB	C	0.05%
NMR	B	0.05%
CAG	F	0.05%
STLA	F	0.05%
COIN	B	0.05%
DOC	C	0.05%
OXY	F	0.05%
HAL	C	0.05%
LYG	D	0.05%
GOOD	B	0.05%
ITUB	F	0.05%
PSX	C	0.05%
PKX	F	0.05%
E	F	0.05%
FOXA	A	0.05%
MRVL	B	0.05%
GIS	F	0.05%
MDLZ	F	0.05%
TTD	B	0.05%
NEM	F	0.04%
DLTR	F	0.04%
ALLE	D	0.04%
MSTR	B	0.04%
AA	C	0.04%
TPR	A	0.04%
LDOS	C	0.04%
YUMC	C	0.04%
KB	C	0.04%
OTIS	D	0.04%
LVS	C	0.04%
EL	F	0.04%
VLTO	D	0.04%
FCX	F	0.04%
EQIX	B	0.04%
KLAC	F	0.04%
AXON	B	0.04%
AXNX	A	0.03%
TEAM	B	0.03%
HMC	F	0.03%
DDOG	B	0.03%
LNW	F	0.03%
ITCI	B	0.03%
BKR	B	0.03%
WTTR	B	0.03%
MPWR	F	0.03%
TAC	B	0.03%
PBR	D	0.03%
BBD	F	0.03%
NU	B	0.03%
SQ	B	0.03%
HIMS	C	0.03%
LNTH	F	0.03%
BIDU	F	0.03%
NET	B	0.03%
KMI	B	0.03%
TBBK	B	0.03%
BRSP	B	0.03%
DX	B	0.03%
SHW	A	0.03%
KVUE	A	0.03%
RCL	A	0.03%
APP	B	0.03%
INSP	F	0.02%
PLAY	C	0.02%
DXCM	C	0.02%
VERX	B	0.02%
TDG	D	0.02%
AGYS	B	0.02%
ACEL	B	0.02%
FSLR	F	0.02%
RYTM	C	0.02%
DDD	D	0.02%
VEEV	B	0.02%
TAL	D	0.02%
AFRM	B	0.02%
MCO	C	0.02%
SRRK	C	0.02%
GGB	B	0.02%
AIV	D	0.02%
AZEK	B	0.02%
OII	B	0.02%
SKY	B	0.02%
PARA	B	0.02%
HUBS	B	0.02%
ABEV	D	0.02%
MRNA	F	0.02%
AHH	D	0.02%
ZM	B	0.02%
WBD	B	0.02%
RBLX	B	0.02%
CCL	B	0.02%
LULU	B	0.02%
CHCT	C	0.02%
ZS	B	0.02%
TTGT	C	0.02%
GOLD	F	0.02%
CF	B	0.02%
MOS	D	0.02%
MDB	C	0.02%
IFF	F	0.02%
TMDX	F	0.02%
CHX	C	0.02%
URI	B	0.02%
MT	C	0.02%
CFG	B	0.02%
GEHC	D	0.02%
HOV	F	0.02%
WDAY	B	0.02%
BABA	D	0.02%
LI	F	0.02%
DELL	C	0.02%
SHG	D	0.02%
HCA	D	0.02%
FTNT	B	0.02%
FRO	D	0.01%
BASE	C	0.01%
DMRC	C	0.01%
EVH	F	0.01%
CMPR	C	0.01%
WEAV	C	0.01%
PRCT	C	0.01%
XMTR	B	0.01%
MITK	C	0.01%
ALLO	D	0.01%
ACMR	D	0.01%
AI	C	0.01%
LAZR	C	0.01%
PGC	B	0.01%
DT	C	0.01%
CCO	C	0.01%
M	C	0.01%
NRIX	B	0.01%
TIGR	C	0.01%
CTLP	B	0.01%
WSR	B	0.01%
CLOV	C	0.01%
ODFL	B	0.01%
LC	B	0.01%
LEU	C	0.01%
NR	C	0.01%
AAOI	B	0.01%
PIXY	F	0.01%
DXC	B	0.01%
AUPH	B	0.01%
GDYN	C	0.01%
BILL	B	0.01%
CYH	F	0.01%
ZLAB	C	0.01%
RLX	D	0.01%
KOP	C	0.01%
BLBD	F	0.01%
PHI	F	0.01%
KYMR	C	0.01%
EXPI	C	0.01%
PACK	C	0.01%
NOV	C	0.01%
VKTX	F	0.01%
SLP	F	0.01%
ALKT	C	0.01%
BCRX	D	0.01%
PNR	A	0.01%
GTLB	B	0.01%
PTEN	C	0.01%
COHR	C	0.01%
SMAR	A	0.01%
KD	A	0.01%
DOCS	B	0.01%
BLFS	C	0.01%
YETI	D	0.01%
ITRI	B	0.01%
VERV	D	0.01%
DLR	C	0.01%
IDYA	F	0.01%
PCT	C	0.01%
CELH	F	0.01%
VMEO	B	0.01%
PRTA	F	0.01%
CROX	F	0.01%
BTU	C	0.01%
JKS	D	0.01%
CLDX	F	0.01%
ALEX	B	0.01%
IMVT	D	0.01%
ALGN	D	0.01%
GNRC	B	0.01%
LASR	D	0.01%
AGNC	C	0.01%
MGNI	A	0.01%
CIFR	C	0.01%
NXPI	F	0.01%
EFC	C	0.01%
VICR	C	0.01%
RCUS	F	0.01%
TGI	B	0.01%
BGNE	D	0.01%
COLL	F	0.01%
FBK	B	0.01%
BBWI	C	0.01%
U	F	0.01%
RIOT	C	0.01%
HASI	F	0.01%
Z	B	0.01%
AMSC	B	0.01%
MCB	B	0.01%
PHR	D	0.01%
SEMR	F	0.01%
SRPT	F	0.01%
CZR	F	0.01%
EXAS	F	0.01%
DQ	C	0.01%
CLNE	C	0.01%
MCRI	A	0.01%
LIND	B	0.01%
PEN	C	0.01%
BZH	B	0.01%
ALNY	D	0.01%
PACB	F	0.01%
DH	D	0.01%
AUR	D	0.01%
OSW	B	0.01%
ULH	B	0.01%
SID	F	0.01%
RDFN	D	0.01%
LOB	B	0.01%
PTCT	C	0.01%
UPST	B	0.01%
MBIN	D	0.01%
PAY	B	0.01%
ROKU	C	0.01%
INMD	B	0.01%
XPO	B	0.01%
CLDT	B	0.01%
CCS	F	0.01%
SDGR	C	0.01%
AKO.A	D	0.01%
CLSK	C	0.01%
VSTO	A	0.01%
THR	C	0.01%
TREX	C	0.01%
ADSK	B	0.01%
RIVN	F	0.01%
TFIN	B	0.01%
MARA	B	0.01%
GME	C	0.01%
FUTU	C	0.01%
AAON	B	0.01%
FOUR	B	0.01%
PBF	F	0.01%
ENS	D	0.01%
LUMN	C	0.01%
TWST	F	0.01%
CENX	B	0.01%
TME	F	0.01%
LWLG	D	0.01%
SQ	B	0.01%
DOCU	B	0.01%
TREE	D	0.01%
TTI	B	0.01%
GMS	B	0.01%
CPRX	C	0.01%
MNDY	C	0.01%
EXPE	B	0.01%
MRC	B	0.01%
HSTM	B	0.01%
ARWR	C	0.01%
SCCO	F	0.01%
FIS	B	0.01%
GERN	F	0.01%
ERJ	B	0.01%
INTA	B	0.01%
MDGL	C	0.01%
RVLV	B	0.01%
TDOC	C	0.01%
NIO	F	0.01%
KOS	D	0.01%
NBR	C	0.01%
KSS	D	0.01%
TWLO	B	0.01%
MHO	D	0.01%
VTRS	B	0.01%
ABR	B	0.01%
IMXI	B	0.01%
KEX	A	0.01%
DVAX	B	0.01%
GSAT	B	0.01%
LBRDK	C	0.01%
SMCI	F	0.01%
XPEV	C	0.01%
NWSA	B	0.01%
BBIO	F	0.01%
SNAP	C	0.01%
VNT	C	0.01%
CNH	D	0.01%
ORA	B	0.01%
SOFI	B	0.01%
TOST	A	0.01%
PTON	C	0.01%
EPRT	C	0.01%
AKRO	C	0.01%
COMP	B	0.01%
VIPS	F	0.01%
GMRE	F	0.01%
APH	B	0.01%
ILMN	C	0.01%
PLMR	A	0.01%
TGTX	B	0.01%
BLDR	C	0.01%
SOLV	C	0.01%
DYN	D	0.01%
WBA	D	0.01%
KRYS	C	0.0%
XPEV	C	0.0%
LI	F	0.0%
SMWB	A	0.0%
AGL	F	0.0%
SCLX	F	0.0%
OEC	D	0.0%
JOBY	B	0.0%
JAMF	F	0.0%
MP	C	0.0%
TH	C	0.0%
BMBL	C	0.0%
CRCT	F	0.0%
DAN	D	0.0%
FLWS	D	0.0%
CGEM	F	0.0%
HDSN	F	0.0%
MGPI	F	0.0%
MLCO	F	0.0%
ZEUS	C	0.0%
FNA	B	0.0%
BOC	D	0.0%
SEDG	F	0.0%
PKST	F	0.0%
LGIH	F	0.0%
DENN	C	0.0%
SPRY	C	0.0%
SAGE	F	0.0%
SHEN	F	0.0%
KE	C	0.0%
MLNK	C	0.0%
WOLF	F	0.0%
ASTH	F	0.0%
OLPX	D	0.0%
LSCC	D	0.0%
VRE	B	0.0%
MXL	C	0.0%
ITOS	F	0.0%
MAX	F	0.0%
PRVA	B	0.0%
SNCY	B	0.0%
KRNT	B	0.0%
MNSO	D	0.0%
RENB	D	0.0%
FLGT	F	0.0%
RGNX	D	0.0%
EYE	C	0.0%
CEVA	B	0.0%
FIGS	F	0.0%
OLO	B	0.0%
MRVI	F	0.0%
PUMP	C	0.0%
BVN	F	0.0%
GRPN	F	0.0%
ORLA	D	0.0%
HOG	D	0.0%
FSBC	B	0.0%
CRSR	C	0.0%
REPL	C	0.0%
SVC	F	0.0%
HAE	B	0.0%
TMCI	C	0.0%
XPOF	B	0.0%
PFC	B	0.0%
NABL	F	0.0%
VIR	C	0.0%
CECO	C	0.0%
COTY	D	0.0%
GOGO	C	0.0%
HE	F	0.0%
SWBI	D	0.0%
CTKB	C	0.0%
ICHR	C	0.0%
HUMA	F	0.0%
MAT	C	0.0%
SAVA	D	0.0%
ZUO	B	0.0%
CNDT	B	0.0%
SGRY	F	0.0%
LYEL	D	0.0%
BROS	B	0.0%
IBP	F	0.0%
MBAVU	C	0.0%
CXM	C	0.0%
LPRO	C	0.0%
RIG	C	0.0%
LAND	F	0.0%
TLRY	F	0.0%
AOSL	D	0.0%
MDXG	A	0.0%
KRUS	C	0.0%
OLMA	F	0.0%
ELVN	C	0.0%
THRM	F	0.0%
PDFS	C	0.0%
THO	B	0.0%
APPN	C	0.0%
NMIH	D	0.0%
DBI	F	0.0%
MQ	F	0.0%
DNOW	B	0.0%
ETNB	C	0.0%
XHR	B	0.0%
NCNO	B	0.0%
LESL	D	0.0%
FBRT	C	0.0%
SHC	D	0.0%
SM	C	0.0%
SHLS	D	0.0%
XPRO	F	0.0%
FDMT	F	0.0%
PUBM	C	0.0%
CEIX	B	0.0%
ENIC	C	0.0%
ATEN	A	0.0%
HURN	B	0.0%
CUBI	B	0.0%
ADUS	D	0.0%
ATEC	C	0.0%
ESTA	D	0.0%
VNET	D	0.0%
UVV	B	0.0%
NVRI	F	0.0%
QTRX	D	0.0%
UCTT	F	0.0%
RXST	F	0.0%
GKOS	B	0.0%
HAYN	A	0.0%
NOVA	F	0.0%
LILAK	F	0.0%
DJT	C	0.0%
DGII	B	0.0%
ATRO	F	0.0%
GH	B	0.0%
SABR	B	0.0%
PRO	C	0.0%
STAA	F	0.0%
CHEF	B	0.0%
PENN	B	0.0%
ULCC	B	0.0%
CLF	F	0.0%
MERC	F	0.0%
IDT	B	0.0%
ARLO	C	0.0%
NNDM	F	0.0%
TASK	C	0.0%
LXRX	F	0.0%
NEXT	B	0.0%
DHI	D	0.0%
S	B	0.0%
AMRK	F	0.0%
HAYW	B	0.0%
KRNY	B	0.0%
EB	C	0.0%
ARQT	B	0.0%
ORIC	D	0.0%
SIBN	D	0.0%
ATHM	D	0.0%
FVRR	C	0.0%
RRC	B	0.0%
NEOG	D	0.0%
TITN	C	0.0%
YY	C	0.0%
HL	D	0.0%
ARRY	C	0.0%
GLBE	B	0.0%
AR	B	0.0%
SOUN	B	0.0%
LMND	B	0.0%
YMAB	D	0.0%
BIGC	C	0.0%
SITM	B	0.0%
AVNS	F	0.0%
SKE	D	0.0%
VCYT	B	0.0%
VZIO	D	0.0%
GNK	C	0.0%
CYRX	D	0.0%
CNC	F	0.0%
MNTK	D	0.0%
INDI	C	0.0%
DHC	F	0.0%
CYTK	C	0.0%
HTHT	C	0.0%
METC	C	0.0%
IAS	D	0.0%
NTLA	F	0.0%
WGO	B	0.0%
ARDX	F	0.0%
IOVA	D	0.0%
CDMO	B	0.0%
EMBC	C	0.0%
NVCR	D	0.0%
STOK	B	0.0%
FRSH	B	0.0%
RKT	F	0.0%
CFLT	B	0.0%
TNDM	F	0.0%
ENVA	B	0.0%
OSPN	B	0.0%
UWMC	F	0.0%
PCVX	D	0.0%
MEG	F	0.0%
AMC	C	0.0%
ZI	C	0.0%
SIGA	F	0.0%
BRBR	A	0.0%
MTW	C	0.0%
CRMT	F	0.0%
APPF	B	0.0%
NTRA	B	0.0%
FSLY	D	0.0%
IIIV	B	0.0%
BHB	B	0.0%
SANA	F	0.0%
GRAB	B	0.0%
ALT	C	0.0%
TXG	F	0.0%
HRI	C	0.0%
BEAM	C	0.0%
EGBN	B	0.0%
PODD	B	0.0%
UNIT	C	0.0%
RVNC	F	0.0%
VSCO	B	0.0%
INN	D	0.0%
MOMO	C	0.0%
GDRX	F	0.0%
BURL	C	0.0%
NX	C	0.0%
HUYA	F	0.0%
FUBO	C	0.0%
FC	F	0.0%
TRNS	D	0.0%
FROG	C	0.0%
TUYA	D	0.0%
DFH	F	0.0%
BRZE	C	0.0%
WOOF	D	0.0%
INSW	F	0.0%
AXSM	B	0.0%
BXC	B	0.0%
NVAX	F	0.0%
EYPT	C	0.0%
ARCT	F	0.0%
EWCZ	D	0.0%
AX	B	0.0%
ACHR	B	0.0%
ATUS	C	0.0%
DIN	C	0.0%
GXO	B	0.0%
GDOT	C	0.0%
JANX	C	0.0%
KHC	F	0.0%
KIM	A	0.0%
AMPS	C	0.0%
CCBG	B	0.0%
YEXT	B	0.0%
ESTC	C	0.0%
PFSI	D	0.0%
HST	D	0.0%
SNDX	D	0.0%
QNST	C	0.0%
UEC	C	0.0%
VPG	F	0.0%
PCG	A	0.0%
NUVB	B	0.0%
ACLS	F	0.0%
WRBY	A	0.0%
VRNS	C	0.0%
SAM	B	0.0%
TTWO	A	0.0%
LCID	F	0.0%
LSPD	B	0.0%
KLG	F	0.0%
RXRX	C	0.0%
REZI	A	0.0%
RVMD	C	0.0%
PL	B	0.0%
DCO	B	0.0%
IQ	F	0.0%
MTCH	F	0.0%
CHGX	A	0.0%
NSSC	F	0.0%
ERAS	C	0.0%
CERT	F	0.0%
ACVA	B	0.0%
IIIN	C	0.0%
LYFT	B	0.0%
ANF	C	0.0%
ENFN	B	0.0%
DUOL	A	0.0%
PLPC	B	0.0%
NUVL	D	0.0%
SPR	F	0.0%
RLJ	C	0.0%
CIG	C	0.0%
DOCN	C	0.0%
CASS	B	0.0%
CSTL	C	0.0%
RCKT	F	0.0%
JELD	F	0.0%
ALEC	D	0.0%
HCP	A	0.0%
RNG	C	0.0%
IBUY	B	0.0%
VVI	B	0.0%
PRG	B	0.0%
ASPN	F	0.0%
KEP	B	0.0%
FATE	F	0.0%
BLND	B	0.0%
JBI	F	0.0%
ARVN	D	0.0%
BYND	F	0.0%
RAMP	C	0.0%
REPX	A	0.0%
PLUG	D	0.0%
EQT	B	0.0%
MNMD	B	0.0%
RGEN	C	0.0%
PAR	B	0.0%
RPAY	D	0.0%
RLAY	F	0.0%
CIB	D	0.0%
APLD	D	0.0%
PTGX	D	0.0%
ELAN	C	0.0%
WIX	B	0.0%
EVRI	A	0.0%
UPWK	C	0.0%
FLYW	B	0.0%
PATH	C	0.0%
KC	B	0.0%
VRDN	C	0.0%
PAYO	B	0.0%
NCLH	B	0.0%
AMG	B	0.0%
OGN	F	0.0%
PLAB	C	0.0%
RUN	F	0.0%
ASAN	C	0.0%
BE	B	0.0%
CDE	D	0.0%
ENVX	F	0.0%
VITL	F	0.0%
BZ	F	0.0%
FLNC	C	0.0%
DRH	C	0.0%
NVT	C	0.0%
QS	F	0.0%
ROCK	C	0.0%
EXTR	C	0.0%
ROIV	D	0.0%
SQM	F	0.0%
IDXX	F	0.0%
KREF	D	0.0%
BJRI	B	0.0%
BOOT	C	0.0%
CHPT	F	0.0%
PHAT	F	0.0%
HSII	B	0.0%
GPN	B	0.0%
SMR	B	0.0%
EA	A	0.0%
EDIT	F	0.0%
REG	A	0.0%
WULF	C	0.0%
HEES	B	0.0%
OPEN	F	0.0%
LEGH	D	0.0%
SONO	C	0.0%
BILI	C	0.0%

SPGM Underweight 168 Positions Relative to EHLS

Symbol	Grade	Weight
BMA	B	-2.18%
CSWI	B	-2.08%
SPOT	A	-1.95%
HWM	B	-1.79%
SLG	C	-1.73%
IRM	D	-1.71%
PIPR	B	-1.66%
VST	B	-1.54%
NRG	C	-1.53%
CTAS	B	-1.51%
MSI	B	-1.5%
HWKN	C	-1.42%
GVA	B	-1.4%
REAX	C	-1.38%
CW	C	-1.32%
SLVM	C	-1.32%
IGIC	A	-1.29%
CBRE	B	-1.29%
CRS	B	-1.26%
SFM	B	-1.25%
WELL	B	-1.25%
TPL	B	-1.23%
SKT	A	-1.12%
FTDR	B	-1.08%
THC	B	-1.06%
CNX	B	-1.05%
ARES	B	-1.05%
BRO	B	-1.0%
PAM	A	-0.99%
GLNG	C	-0.98%
JXN	C	-0.95%
RSI	B	-0.95%
WAB	B	-0.9%
EDN	A	-0.86%
IESC	B	-0.82%
COOP	B	-0.8%
PSN	C	-0.79%
HOOD	B	-0.75%
TIGO	D	-0.7%
HLNE	B	-0.61%
ALSN	B	-0.56%
AMAL	B	-0.56%
SKYW	B	-0.56%
NBN	B	-0.55%
BBSI	B	-0.54%
TRGP	B	-0.54%
AIT	A	-0.54%
CLH	B	-0.5%
EME	B	-0.5%
HUBB	C	-0.49%
MMYT	C	-0.49%
HRB	D	-0.49%
PKG	B	-0.49%
TYL	B	-0.49%
OHI	C	-0.48%
JD	C	-0.43%
CNK	B	-0.29%
YPF	A	-0.28%
MLR	C	-0.28%
FRHC	A	-0.27%
EXLS	B	-0.26%
KTB	A	-0.26%
PPTA	C	-0.26%
UFPT	C	-0.26%
BBW	B	-0.25%
LYV	A	-0.25%
SNEX	B	-0.25%
MUSA	B	-0.25%
EXEL	B	-0.24%
VIST	B	-0.24%
CACI	C	-0.24%
AORT	C	-0.24%
TCBX	B	-0.24%
ONON	B	-0.23%
CSTM	F	--0.08%
NEP	F	--0.1%
CVI	F	--0.13%
CQP	B	--0.14%
STNG	F	--0.17%
WU	F	--0.18%
VSAT	F	--0.2%
DG	F	--0.21%
VAL	D	--0.21%
ALGT	B	--0.21%
ASH	F	--0.22%
DOOO	F	--0.22%
LEA	F	--0.22%
COLD	F	--0.22%
OLN	F	--0.23%
FIVE	F	--0.23%
ASML	D	--0.23%
ENOV	C	--0.23%
MTN	C	--0.24%
CWT	D	--0.24%
CTRA	B	--0.24%
AVTR	F	--0.24%
IGT	F	--0.24%
WPC	F	--0.24%
NTST	F	--0.24%
VC	F	--0.24%
WSC	F	--0.24%
STZ	D	--0.25%
HTH	B	--0.25%
WOR	F	--0.25%
ROG	D	--0.25%
GO	C	--0.25%
GEF	B	--0.25%
BG	D	--0.25%
ALV	C	--0.25%
REXR	F	--0.25%
TEX	D	--0.25%
DLB	D	--0.25%
MGM	D	--0.26%
ODP	F	--0.26%
NSP	F	--0.26%
CWH	C	--0.26%
SON	F	--0.26%
SCL	C	--0.26%
FUL	F	--0.26%
FMX	F	--0.27%
CENTA	C	--0.27%
ZD	B	--0.27%
AMN	F	--0.27%
ENTG	F	--0.27%
MCHP	F	--0.27%
SIGI	B	--0.28%
MUR	D	--0.28%
URBN	C	--0.28%
SJW	F	--0.28%
ARE	F	--0.28%
HXL	F	--0.28%
IPG	F	--0.28%
AIN	C	--0.29%
EG	D	--0.29%
MRTN	C	--0.29%
LKQ	C	--0.29%
UGI	D	--0.29%
UPBD	B	--0.29%
HELE	C	--0.29%
YELP	C	--0.29%
VRSN	C	--0.29%
CENT	C	--0.29%
SLAB	F	--0.3%
CDW	F	--0.3%
KMX	B	--0.3%
EVTC	C	--0.3%
ALGM	F	--0.3%
TDC	F	--0.3%
CIVI	D	--0.3%
RPD	C	--0.3%
IAC	F	--0.3%
OXM	D	--0.31%
HP	C	--0.31%
CRL	C	--0.31%
COHU	C	--0.31%
WFRD	F	--0.32%
PZZA	D	--0.32%
IOSP	B	--0.32%
MTRN	B	--0.33%
TENB	C	--0.34%
DIOD	F	--0.35%
QLYS	B	--0.36%
PGNY	F	--0.38%
RYI	B	--0.4%
PRGO	C	--0.44%
IMCR	C	--0.54%
USPH	C	--0.56%
ALRM	C	--0.58%