SPGM vs. QWLD ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to SPDR MSCI World Quality Mix ETF (QWLD)

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

$64.64

Average Daily Volume

53,686

Number of Holdings ^*

1002

* may have additional holdings in another (foreign) market

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

$127.75

Average Daily Volume

3,758

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	QWLD
30 Days	-0.09%	-0.87%
60 Days	2.90%	0.52%
90 Days	4.38%	2.56%
12 Months	25.88%	23.47%

354 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in QWLD	Overlap
A	F	0.21%	0.07%	0.07%
AAPL	C	3.64%	2.5%	2.5%
ABBV	F	0.19%	0.16%	0.16%
ABBV	F	0.43%	0.41%	0.41%
ABBV	F	0.19%	0.41%	0.19%
ABBV	F	0.43%	0.16%	0.16%
ABNB	C	0.05%	0.01%	0.01%
ABT	C	0.34%	0.09%	0.09%
ACN	B	0.28%	0.65%	0.28%
ADBE	C	0.33%	0.42%	0.33%
ADI	D	0.17%	0.04%	0.04%
ADM	F	0.08%	0.05%	0.05%
ADP	A	0.23%	0.26%	0.23%
ADSK	B	0.01%	0.1%	0.01%
AEP	D	0.16%	0.07%	0.07%
AES	F	0.01%	0.01%	0.01%
AFL	C	0.25%	0.12%	0.12%
ALB	C	0.01%	0.01%	0.01%
ALGN	D	0.01%	0.0%	0.0%
ALL	B	0.15%	0.07%	0.07%
ALLE	D	0.04%	0.02%	0.02%
ALLY	C	0.02%	0.02%	0.02%
AMAT	F	0.26%	0.32%	0.26%
AMD	F	0.24%	0.04%	0.04%
AMGN	F	0.23%	0.18%	0.18%
AMT	F	0.16%	0.02%	0.02%
AMZN	A	2.14%	0.37%	0.37%
ANET	C	0.08%	0.21%	0.08%
AON	B	0.08%	0.17%	0.08%
APA	F	0.01%	0.03%	0.01%
APD	B	0.08%	0.03%	0.03%
APH	B	0.01%	0.43%	0.01%
APP	B	0.03%	0.0%	0.0%
APTV	F	0.0%	0.01%	0.0%
AVGO	C	0.93%	0.12%	0.12%
AXON	B	0.04%	0.0%	0.0%
AXP	B	0.37%	0.06%	0.06%
BA	F	0.11%	0.01%	0.01%
BAC	A	0.5%	0.38%	0.38%
BAX	F	0.06%	0.01%	0.01%
BBWI	C	0.01%	0.0%	0.0%
BCS	B	0.07%	0.11%	0.07%
BDX	F	0.17%	0.08%	0.08%
BEN	C	0.05%	0.01%	0.01%
BIIB	F	0.07%	0.01%	0.01%
BK	B	0.19%	0.05%	0.05%
BKNG	A	0.31%	0.03%	0.03%
BKR	B	0.03%	0.02%	0.02%
BLDR	C	0.01%	0.04%	0.01%
BMY	B	0.14%	0.21%	0.14%
BRK.A	B	0.71%	0.72%	0.71%
BSX	A	0.14%	0.02%	0.02%
BURL	C	0.0%	0.01%	0.0%
BX	A	0.06%	0.03%	0.03%
C	B	0.26%	0.25%	0.25%
CAG	F	0.05%	0.04%	0.04%
CARR	C	0.06%	0.02%	0.02%
CAT	B	0.32%	0.39%	0.32%
CB	C	0.26%	0.38%	0.26%
CCL	B	0.02%	0.01%	0.01%
CDNS	B	0.07%	0.14%	0.07%
CEG	D	0.13%	0.02%	0.02%
CF	B	0.02%	0.12%	0.02%
CFG	B	0.02%	0.04%	0.02%
CHD	A	0.07%	0.18%	0.07%
CHRD	D	0.0%	0.01%	0.0%
CHRW	A	0.09%	0.01%	0.01%
CHTR	B	0.11%	0.06%	0.06%
CI	D	0.07%	0.17%	0.07%
CL	F	0.12%	0.19%	0.12%
CLX	A	0.12%	0.01%	0.01%
CMCSA	B	0.19%	0.17%	0.17%
CME	B	0.09%	0.15%	0.09%
CMG	B	0.1%	0.13%	0.1%
CMI	A	0.25%	0.09%	0.09%
CNC	F	0.0%	0.05%	0.0%
CNH	D	0.01%	0.02%	0.01%
CNI	F	0.13%	0.1%	0.1%
COF	B	0.15%	0.1%	0.1%
COIN	B	0.05%	0.01%	0.01%
COP	C	0.18%	0.1%	0.1%
COST	B	0.55%	0.75%	0.55%
CRM	B	0.46%	0.05%	0.05%
CRWD	B	0.08%	0.0%	0.0%
CSCO	A	0.35%	1.02%	0.35%
CSGP	F	0.0%	0.0%	0.0%
CSX	B	0.2%	0.12%	0.12%
CTSH	A	0.13%	0.21%	0.13%
CTVA	C	0.08%	0.05%	0.05%
CVS	F	0.14%	0.18%	0.14%
CVX	A	0.34%	0.31%	0.31%
DASH	A	0.03%	0.0%	0.0%
DD	D	0.08%	0.02%	0.02%
DDOG	B	0.03%	0.0%	0.0%
DE	D	0.18%	0.06%	0.06%
DELL	C	0.02%	0.01%	0.01%
DEO	F	0.07%	0.11%	0.07%
DFS	B	0.21%	0.04%	0.04%
DHI	D	0.0%	0.11%	0.0%
DHR	F	0.3%	0.05%	0.05%
DIS	B	0.25%	0.08%	0.08%
DKNG	B	0.02%	0.0%	0.0%
DLR	C	0.01%	0.02%	0.01%
DLTR	F	0.04%	0.01%	0.01%
DOC	C	0.05%	0.01%	0.01%
DOCU	B	0.01%	0.0%	0.0%
DOW	F	0.06%	0.04%	0.04%
DT	C	0.01%	0.0%	0.0%
DUK	D	0.1%	0.36%	0.1%
DVN	F	0.01%	0.03%	0.01%
DXCM	C	0.02%	0.0%	0.0%
E	F	0.05%	0.12%	0.05%
EA	A	0.0%	0.19%	0.0%
EBAY	C	0.1%	0.01%	0.01%
ECL	C	0.14%	0.01%	0.01%
EIX	C	0.11%	0.02%	0.02%
EL	F	0.04%	0.01%	0.01%
ELV	F	0.18%	0.22%	0.18%
EMR	A	0.2%	0.03%	0.03%
ENPH	F	0.01%	0.02%	0.01%
EOG	A	0.15%	0.05%	0.05%
EPAM	B	0.01%	0.02%	0.01%
EQIX	B	0.04%	0.01%	0.01%
EQR	C	0.06%	0.01%	0.01%
EQT	B	0.0%	0.01%	0.0%
ETN	B	0.23%	0.03%	0.03%
EXAS	F	0.01%	0.0%	0.0%
EXC	C	0.06%	0.03%	0.03%
EXPE	B	0.01%	0.01%	0.01%
F	C	0.07%	0.09%	0.07%
FAST	B	0.14%	0.09%	0.09%
FCX	F	0.04%	0.03%	0.03%
FDX	B	0.17%	0.07%	0.07%
FE	D	0.07%	0.01%	0.01%
FI	A	0.05%	0.08%	0.05%
FICO	B	0.02%	0.04%	0.02%
FIS	B	0.01%	0.02%	0.01%
FOXA	A	0.05%	0.01%	0.01%
FSLR	F	0.02%	0.01%	0.01%
FTNT	B	0.02%	0.01%	0.01%
FTV	C	0.06%	0.01%	0.01%
FUTU	C	0.01%	0.0%	0.0%
GD	C	0.24%	0.19%	0.19%
GE	D	0.14%	0.31%	0.14%
GEHC	D	0.02%	0.02%	0.02%
GEV	B	0.07%	0.02%	0.02%
GILD	B	0.19%	0.25%	0.19%
GIS	F	0.05%	0.33%	0.05%
GLBE	B	0.0%	0.0%	0.0%
GLW	B	0.15%	0.02%	0.02%
GM	B	0.09%	0.18%	0.09%
GOOG	C	1.11%	0.95%	0.95%
GOOGL	C	1.11%	1.08%	1.08%
GPN	B	0.0%	0.02%	0.0%
GRAB	B	0.0%	0.0%	0.0%
GS	B	0.37%	0.17%	0.17%
HAL	C	0.05%	0.02%	0.02%
HCA	D	0.02%	0.04%	0.02%
HD	B	0.53%	0.14%	0.14%
HES	B	0.11%	0.01%	0.01%
HMC	F	0.03%	0.07%	0.03%
HON	B	0.2%	0.25%	0.2%
HPE	B	0.07%	0.04%	0.04%
HPQ	B	0.11%	0.04%	0.04%
HSBH	A	0.2%	0.25%	0.2%
HST	D	0.0%	0.01%	0.0%
HSY	F	0.12%	0.16%	0.12%
IBM	D	0.28%	0.48%	0.28%
ICE	C	0.1%	0.03%	0.03%
IDXX	F	0.0%	0.07%	0.0%
IFF	F	0.02%	0.01%	0.01%
ILMN	C	0.01%	0.0%	0.0%
INTC	C	0.14%	0.1%	0.1%
INTU	A	0.35%	0.25%	0.25%
IR	A	0.13%	0.01%	0.01%
ISRG	A	0.17%	0.25%	0.17%
ITW	B	0.14%	0.14%	0.14%
JCI	A	0.17%	0.03%	0.03%
JNJ	D	0.4%	1.11%	0.4%
JNPR	D	0.06%	0.13%	0.06%
JPM	A	0.95%	0.59%	0.59%
K	A	0.06%	0.22%	0.06%
KEYS	C	0.13%	0.18%	0.13%
KHC	F	0.0%	0.21%	0.0%
KIM	A	0.0%	0.01%	0.0%
KKR	B	0.11%	0.02%	0.02%
KLAC	F	0.04%	0.16%	0.04%
KMB	D	0.11%	0.11%	0.11%
KMI	B	0.03%	0.04%	0.03%
KO	F	0.29%	0.57%	0.29%
KVUE	A	0.03%	0.08%	0.03%
LDOS	C	0.04%	0.01%	0.01%
LIN	D	0.33%	0.06%	0.06%
LLY	F	0.71%	1.17%	0.71%
LMT	D	0.25%	0.43%	0.25%
LOW	B	0.3%	0.07%	0.07%
LRCX	F	0.07%	0.2%	0.07%
LULU	B	0.02%	0.07%	0.02%
LVS	C	0.04%	0.0%	0.0%
LW	B	0.04%	0.0%	0.0%
LYB	F	0.07%	0.03%	0.03%
LYG	D	0.05%	0.09%	0.05%
MA	B	0.43%	0.7%	0.43%
MBAVU	C	0.0%	0.01%	0.0%
MCD	C	0.23%	0.41%	0.23%
MCK	B	0.22%	0.51%	0.22%
MCO	C	0.02%	0.12%	0.02%
MDLZ	F	0.05%	0.15%	0.05%
MDT	D	0.23%	0.06%	0.06%
MELI	D	0.11%	0.01%	0.01%
MET	C	0.2%	0.05%	0.05%
META	B	1.45%	2.14%	1.45%
MFG	A	0.06%	0.22%	0.06%
MKC	D	0.11%	0.01%	0.01%
MMC	D	0.17%	0.51%	0.17%
MMM	C	0.11%	0.14%	0.11%
MO	A	0.09%	0.04%	0.04%
MOS	D	0.02%	0.02%	0.02%
MPC	D	0.16%	0.17%	0.16%
MPWR	F	0.03%	0.06%	0.03%
MRK	F	0.32%	0.44%	0.32%
MRNA	F	0.02%	0.01%	0.01%
MRO	B	0.07%	0.02%	0.02%
MRVL	B	0.05%	0.01%	0.01%
MS	A	0.31%	0.11%	0.11%
MSFT	C	3.34%	2.29%	2.29%
MSTR	B	0.04%	0.0%	0.0%
MT	C	0.02%	0.05%	0.02%
MTB	A	0.13%	0.05%	0.05%
MTCH	F	0.0%	0.0%	0.0%
MU	D	0.08%	0.04%	0.04%
MUFG	A	0.16%	0.13%	0.13%
NEE	D	0.24%	0.05%	0.05%
NEM	F	0.04%	0.04%	0.04%
NET	B	0.03%	0.0%	0.0%
NFLX	A	0.35%	0.51%	0.35%
NKE	F	0.18%	0.16%	0.16%
NMR	B	0.05%	0.02%	0.02%
NOC	D	0.17%	0.33%	0.17%
NOW	A	0.15%	0.01%	0.01%
NSC	B	0.17%	0.03%	0.03%
NTAP	D	0.1%	0.04%	0.04%
NUE	D	0.02%	0.05%	0.02%
NVDA	A	4.05%	2.56%	2.56%
NVS	F	0.23%	0.81%	0.23%
NWSA	B	0.01%	0.01%	0.01%
NXPI	F	0.01%	0.02%	0.01%
ODFL	B	0.01%	0.08%	0.01%
OKTA	C	0.01%	0.0%	0.0%
ON	F	0.01%	0.01%	0.01%
ORCL	A	0.42%	0.25%	0.25%
ORLY	A	0.22%	0.24%	0.22%
OTIS	D	0.04%	0.01%	0.01%
OVV	C	0.0%	0.02%	0.0%
OXY	F	0.05%	0.03%	0.03%
PANW	B	0.11%	0.18%	0.11%
PARA	B	0.02%	0.02%	0.02%
PCG	A	0.0%	0.03%	0.0%
PEG	C	0.14%	0.02%	0.02%
PEP	D	0.26%	0.79%	0.26%
PFE	F	0.19%	0.19%	0.19%
PG	C	0.45%	0.89%	0.45%
PGR	A	0.17%	0.35%	0.17%
PH	A	0.17%	0.02%	0.02%
PINS	F	0.02%	0.0%	0.0%
PLD	D	0.22%	0.04%	0.04%
PLTR	B	0.11%	0.0%	0.0%
PM	B	0.2%	0.07%	0.07%
PNC	B	0.16%	0.09%	0.09%
PNR	A	0.01%	0.03%	0.01%
PODD	B	0.0%	0.0%	0.0%
PPL	A	0.08%	0.01%	0.01%
PRU	B	0.15%	0.05%	0.05%
PSA	D	0.21%	0.08%	0.08%
PSX	C	0.05%	0.13%	0.05%
PYPL	A	0.14%	0.04%	0.04%
QCOM	F	0.28%	0.34%	0.28%
RBLX	B	0.02%	0.0%	0.0%
RCL	A	0.03%	0.01%	0.01%
REG	A	0.0%	0.01%	0.0%
REGN	F	0.1%	0.33%	0.1%
RIVN	F	0.01%	0.0%	0.0%
ROKU	C	0.01%	0.0%	0.0%
ROST	D	0.17%	0.02%	0.02%
RTX	D	0.33%	0.09%	0.09%
SBUX	B	0.19%	0.04%	0.04%
SCHW	B	0.16%	0.04%	0.04%
SE	B	0.04%	0.01%	0.01%
SHW	A	0.03%	0.14%	0.03%
SJM	F	0.07%	0.07%	0.07%
SLB	C	0.07%	0.03%	0.03%
SMCI	F	0.01%	0.02%	0.01%
SMFG	A	0.08%	0.1%	0.08%
SNAP	C	0.01%	0.0%	0.0%
SNOW	C	0.03%	0.0%	0.0%
SNPS	C	0.05%	0.13%	0.05%
SO	D	0.07%	0.45%	0.07%
SOLV	C	0.01%	0.03%	0.01%
SONY	C	0.21%	0.08%	0.08%
SPG	A	0.14%	0.02%	0.02%
SPGI	C	0.23%	0.03%	0.03%
SQ	B	0.01%	0.01%	0.01%
SQ	B	0.03%	0.01%	0.01%
STLA	F	0.05%	0.08%	0.05%
STT	B	0.08%	0.03%	0.03%
STX	D	0.07%	0.01%	0.01%
SYF	B	0.06%	0.04%	0.04%
SYK	A	0.19%	0.03%	0.03%
SYY	D	0.12%	0.03%	0.03%
T	A	0.21%	0.38%	0.21%
TD	D	0.11%	0.12%	0.11%
TDG	D	0.02%	0.01%	0.01%
TGT	C	0.12%	0.14%	0.12%
TJX	A	0.33%	0.33%	0.33%
TM	F	0.26%	0.14%	0.14%
TMO	F	0.41%	0.06%	0.06%
TMUS	A	0.06%	0.73%	0.06%
TOST	A	0.01%	0.0%	0.0%
TRV	B	0.2%	0.29%	0.2%
TSLA	B	0.89%	0.14%	0.14%
TSN	B	0.07%	0.13%	0.07%
TT	B	0.18%	0.14%	0.14%
TTD	B	0.05%	0.0%	0.0%
TTWO	A	0.0%	0.01%	0.0%
TWLO	B	0.01%	0.01%	0.01%
TXN	B	0.39%	0.51%	0.39%
UBER	F	0.13%	0.01%	0.01%
UL	D	0.17%	0.27%	0.17%
UNH	B	0.67%	1.34%	0.67%
UNP	D	0.27%	0.27%	0.27%
UPS	C	0.11%	0.07%	0.07%
URI	B	0.02%	0.02%	0.02%
USB	B	0.13%	0.09%	0.09%
V	A	0.68%	1.19%	0.68%
VEEV	B	0.02%	0.05%	0.02%
VLO	C	0.11%	0.07%	0.07%
VLTO	D	0.04%	0.05%	0.04%
VRT	B	0.07%	0.0%	0.0%
VRTX	B	0.08%	0.45%	0.08%
VTRS	B	0.01%	0.03%	0.01%
VZ	D	0.13%	0.56%	0.13%
WBA	D	0.01%	0.04%	0.01%
WBD	B	0.02%	0.06%	0.02%
WDAY	B	0.02%	0.04%	0.02%
WDC	D	0.07%	0.01%	0.01%
WFC	A	0.42%	0.27%	0.27%
WM	A	0.22%	0.52%	0.22%
WMB	B	0.08%	0.19%	0.08%
WMT	A	0.4%	0.75%	0.4%
XOM	B	0.68%	0.47%	0.47%
YUM	B	0.11%	0.15%	0.11%
Z	B	0.01%	0.0%	0.0%
ZM	B	0.02%	0.01%	0.01%
ZTS	D	0.09%	0.15%	0.09%

SPGM Overweight 650 Positions Relative to QWLD

Symbol	Grade	Weight
TSM	C	1.01%
BABA	D	0.21%
IBN	C	0.18%
INFY	C	0.16%
ROIC	A	0.12%
RDY	F	0.12%
SHOP	B	0.11%
UMH	C	0.09%
AZN	F	0.08%
TCOM	C	0.08%
CHT	D	0.08%
PDD	F	0.08%
NXRT	B	0.07%
HDB	C	0.07%
VALE	F	0.07%
UMC	F	0.06%
DEA	D	0.06%
WIT	B	0.06%
MOD	D	0.05%
GOOD	B	0.05%
ITUB	F	0.05%
PKX	F	0.05%
AA	C	0.04%
TPR	A	0.04%
YUMC	C	0.04%
KB	C	0.04%
AXNX	A	0.03%
FTI	B	0.03%
TEAM	B	0.03%
LNW	F	0.03%
ITCI	B	0.03%
WTTR	B	0.03%
TAC	B	0.03%
PBR	D	0.03%
BBD	F	0.03%
NU	B	0.03%
HIMS	C	0.03%
LNTH	F	0.03%
BIDU	F	0.03%
TBBK	B	0.03%
CVNA	B	0.03%
BRSP	B	0.03%
DX	B	0.03%
INSP	F	0.02%
PLAY	C	0.02%
VERX	B	0.02%
AGYS	B	0.02%
ACEL	B	0.02%
RYTM	C	0.02%
DDD	D	0.02%
TAL	D	0.02%
AFRM	B	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%
HUBS	B	0.02%
POWL	C	0.02%
ABEV	D	0.02%
AHH	D	0.02%
CHCT	C	0.02%
ZS	B	0.02%
TTGT	C	0.02%
GOLD	F	0.02%
MDB	C	0.02%
TMDX	F	0.02%
CHX	C	0.02%
IIPR	F	0.02%
ADMA	C	0.02%
HOV	F	0.02%
BABA	D	0.02%
LI	F	0.02%
SHG	D	0.02%
QTWO	B	0.02%
W	F	0.01%
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%
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%
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%
GATO	C	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%
PCH	F	0.01%
BCRX	D	0.01%
OMI	F	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%
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%
GNRC	B	0.01%
LASR	D	0.01%
AGNC	C	0.01%
MGNI	A	0.01%
CIFR	C	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%
PNTG	D	0.01%
CCB	A	0.01%
U	F	0.01%
RIOT	C	0.01%
HASI	F	0.01%
AMSC	B	0.01%
USLM	B	0.01%
MCB	B	0.01%
PHR	D	0.01%
SEMR	F	0.01%
SRPT	F	0.01%
CZR	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%
INMD	B	0.01%
CASH	B	0.01%
XPO	B	0.01%
CLDT	B	0.01%
RNA	B	0.01%
CCS	F	0.01%
RDNT	B	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%
TFIN	B	0.01%
MARA	B	0.01%
FLNG	C	0.01%
GME	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%
TREE	D	0.01%
TTI	B	0.01%
GMS	B	0.01%
CPRX	C	0.01%
MNDY	C	0.01%
MRC	B	0.01%
HSTM	B	0.01%
ARWR	C	0.01%
SCCO	F	0.01%
CLBT	C	0.01%
GERN	F	0.01%
ERJ	B	0.01%
INTA	B	0.01%
BHF	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%
MHO	D	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%
XPEV	C	0.01%
BBIO	F	0.01%
VNT	C	0.01%
ORA	B	0.01%
SOFI	B	0.01%
ZETA	F	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%
BEKE	C	0.01%
PLMR	A	0.01%
MATX	B	0.01%
TGTX	B	0.01%
GRBK	D	0.01%
RKLB	B	0.01%
TEVA	D	0.01%
MTDR	B	0.01%
DYN	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%
TPB	B	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%
PARR	F	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%
PD	C	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%
IRTC	C	0.0%
CNDT	B	0.0%
SGRY	F	0.0%
LYEL	D	0.0%
BROS	B	0.0%
CAR	C	0.0%
IBP	F	0.0%
GDS	C	0.0%
CXM	C	0.0%
APLS	F	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%
QFIN	C	0.0%
CALX	F	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%
AMRC	F	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%
NARI	C	0.0%
VTLE	C	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%
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%
FIVN	C	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%
FIZZ	C	0.0%
AR	B	0.0%
SOUN	B	0.0%
LMND	B	0.0%
CDNA	D	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%
MNTK	D	0.0%
INDI	C	0.0%
DHC	F	0.0%
ALHC	C	0.0%
CYTK	C	0.0%
HTHT	C	0.0%
ADNT	D	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%
YOU	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%
ALT	C	0.0%
TXG	F	0.0%
HRI	C	0.0%
BEAM	C	0.0%
EGBN	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%
ELF	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%
OSCR	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%
TRUP	B	0.0%
AMPS	C	0.0%
CCBG	B	0.0%
LMB	B	0.0%
YEXT	B	0.0%
ESTC	C	0.0%
PFSI	D	0.0%
SNDX	D	0.0%
ETSY	D	0.0%
QNST	C	0.0%
UEC	C	0.0%
VPG	F	0.0%
NUVB	B	0.0%
ACLS	F	0.0%
WRBY	A	0.0%
VRNS	C	0.0%
SAM	B	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%
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%
SPT	C	0.0%
DUOL	A	0.0%
PLPC	B	0.0%
NUVL	D	0.0%
SPR	F	0.0%
RLJ	C	0.0%
ATKR	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%
SITE	D	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%
NPAB	F	0.0%
PLUG	D	0.0%
MNMD	B	0.0%
RGEN	C	0.0%
PAR	B	0.0%
CARS	B	0.0%
CC	C	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%
NEO	B	0.0%
SQM	F	0.0%
KREF	D	0.0%
BJRI	B	0.0%
WRLD	C	0.0%
BOOT	C	0.0%
CHPT	F	0.0%
PHAT	F	0.0%
HSII	B	0.0%
SMR	B	0.0%
EDIT	F	0.0%
WULF	C	0.0%
HEES	B	0.0%
OPEN	F	0.0%
AMR	C	0.0%
LEGH	D	0.0%
SONO	C	0.0%
BILI	C	0.0%

SPGM Underweight 258 Positions Relative to QWLD

Symbol	Grade	Weight
MSI	B	-0.61%
ROP	A	-0.49%
RSG	B	-0.45%
COR	B	-0.42%
ED	D	-0.36%
KR	A	-0.32%
AZO	B	-0.29%
WCN	A	-0.26%
ACGL	C	-0.25%
CBOE	D	-0.24%
GDDY	B	-0.23%
WEC	B	-0.19%
BAH	C	-0.18%
AJG	A	-0.18%
L	A	-0.17%
CHKP	C	-0.17%
INCY	B	-0.16%
HUM	D	-0.16%
UTHR	B	-0.16%
FFIV	B	-0.16%
BRO	B	-0.14%
CTAS	B	-0.14%
KDP	C	-0.14%
WRB	B	-0.14%
VRSN	C	-0.14%
AKAM	F	-0.13%
FCNCA	B	-0.12%
GEN	B	-0.12%
MKL	A	-0.12%
CAH	B	-0.12%
ERIE	F	-0.12%
GWW	B	-0.11%
NBIX	C	-0.11%
PCAR	B	-0.11%
DGX	B	-0.1%
PAYX	B	-0.1%
LEN	D	-0.09%
TFC	B	-0.09%
FANG	C	-0.09%
CPB	F	-0.09%
AMP	A	-0.09%
HRL	F	-0.09%
AMCR	D	-0.08%
AIZ	A	-0.08%
CPRT	A	-0.08%
ROL	C	-0.08%
CDW	F	-0.08%
PTC	B	-0.08%
XEL	A	-0.08%
AEE	B	-0.08%
EW	F	-0.07%
ULTA	C	-0.07%
JKHY	C	-0.07%
MNST	B	-0.07%
AIG	B	-0.07%
BMRN	F	-0.07%
WTW	A	-0.07%
EG	D	-0.06%
D	D	-0.06%
TSCO	D	-0.06%
TDY	B	-0.06%
LOGI	F	-0.06%
ROK	B	-0.06%
PHM	D	-0.06%
DPZ	C	-0.06%
NVR	D	-0.06%
MCHP	F	-0.06%
MOH	F	-0.06%
DOV	A	-0.05%
DECK	B	-0.05%
DINO	D	-0.05%
CMS	D	-0.05%
LNG	B	-0.05%
GPC	D	-0.05%
TROW	A	-0.05%
BBY	C	-0.05%
RMD	C	-0.05%
TPL	B	-0.05%
GRMN	A	-0.05%
IT	B	-0.04%
SNA	A	-0.04%
EXPD	C	-0.04%
WST	B	-0.04%
MANH	C	-0.04%
PKG	B	-0.04%
BR	A	-0.04%
TRGP	B	-0.04%
HUBB	C	-0.04%
WAT	B	-0.04%
OMC	A	-0.04%
EME	B	-0.04%
LPLA	A	-0.04%
BTI	C	-0.04%
KEY	B	-0.03%
LHX	B	-0.03%
LNT	C	-0.03%
ETR	B	-0.03%
GGG	B	-0.03%
AVY	F	-0.03%
TER	F	-0.03%
STLD	C	-0.03%
FDS	A	-0.03%
IEX	B	-0.03%
CBRE	B	-0.03%
HIG	C	-0.03%
POOL	D	-0.03%
SW	B	-0.03%
SWKS	F	-0.03%
OKE	A	-0.03%
JBHT	C	-0.03%
OC	A	-0.03%
CSL	B	-0.03%
HBAN	A	-0.03%
WSO	B	-0.03%
RF	A	-0.03%
WSM	F	-0.03%
FITB	A	-0.03%
DRI	B	-0.03%
SRE	B	-0.03%
NRG	C	-0.02%
ACI	C	-0.02%
WY	F	-0.02%
TTC	F	-0.02%
APO	B	-0.02%
MKTX	C	-0.02%
SEIC	A	-0.02%
AOS	F	-0.02%
NTRS	A	-0.02%
RS	C	-0.02%
DTE	D	-0.02%
JBL	C	-0.02%
CINF	A	-0.02%
AFG	A	-0.02%
AER	B	-0.02%
RJF	A	-0.02%
CTRA	B	-0.02%
LH	B	-0.02%
PFG	C	-0.02%
WELL	B	-0.02%
VICI	D	-0.02%
PAYC	B	-0.02%
NDSN	B	-0.02%
O	D	-0.02%
IP	B	-0.02%
DKS	D	-0.02%
IPG	F	-0.02%
BG	D	-0.02%
ARES	B	-0.01%
MGM	D	-0.01%
VRSK	A	-0.01%
CTLT	D	-0.01%
DVA	C	-0.01%
WTRG	C	-0.01%
UHAL	D	-0.01%
SBAC	D	-0.01%
FBIN	F	-0.01%
RPRX	F	-0.01%
GLPI	D	-0.01%
RPM	A	-0.01%
FOX	A	-0.01%
HII	F	-0.01%
TRMB	B	-0.01%
STE	D	-0.01%
IRM	D	-0.01%
TRU	D	-0.01%
SUI	F	-0.01%
WPC	F	-0.01%
AVTR	F	-0.01%
MAS	D	-0.01%
INVH	D	-0.01%
ESS	C	-0.01%
HLT	A	-0.01%
HSIC	F	-0.01%
DAL	A	-0.01%
CCEP	C	-0.01%
EFX	F	-0.01%
MAA	C	-0.01%
CG	B	-0.01%
XYL	F	-0.01%
HWM	B	-0.01%
ACM	B	-0.01%
STZ	D	-0.01%
BXP	D	-0.01%
RVTY	C	-0.01%
AGCO	F	-0.01%
CCK	D	-0.01%
ZBRA	B	-0.01%
CE	F	-0.01%
BALL	D	-0.01%
CPAY	A	-0.01%
SSNC	C	-0.01%
ARE	F	-0.01%
AWK	D	-0.01%
LKQ	C	-0.01%
WFG	C	-0.01%
VTR	C	-0.01%
EMN	D	-0.01%
NI	A	-0.01%
NDAQ	B	-0.01%
KNX	C	-0.01%
HOLX	D	-0.01%
TXT	D	-0.01%
VMC	B	-0.01%
VST	B	-0.01%
MLM	B	-0.01%
UHS	D	-0.01%
PWR	B	-0.01%
BSY	F	-0.01%
CNP	B	-0.01%
FNF	C	-0.01%
EQH	B	-0.01%
AVB	B	-0.01%
ZBH	C	-0.01%
EVRG	A	-0.01%
J	D	-0.01%
MAR	A	-0.01%
TAP	B	-0.01%
ATO	B	-0.01%
AME	A	-0.01%
DG	F	-0.01%
IQV	F	-0.01%
WAB	B	-0.01%
EXR	D	-0.01%
CRBG	C	-0.01%
SWK	F	-0.01%
ES	D	-0.01%
CCI	F	-0.01%
PPG	F	-0.01%
KMX	B	-0.01%
IOT	B	-0.0%
XRX	F	-0.0%
H	B	-0.0%
PSTG	D	-0.0%
HEI	A	-0.0%
DAY	B	-0.0%
WYNN	C	-0.0%
TECH	D	-0.0%
TYL	B	-0.0%
LII	B	-0.0%
HOOD	B	-0.0%
ELS	B	-0.0%
HEI	A	-0.0%
TW	B	-0.0%
ENTG	F	-0.0%
LUV	B	-0.0%
LYV	A	-0.0%
MSCI	B	-0.0%
WLK	F	-0.0%
QGEN	D	-0.0%
UDR	C	-0.0%
TFX	F	-0.0%
AMH	C	-0.0%
OTEX	F	-0.0%
ANSS	B	-0.0%
CRL	C	-0.0%
CPT	C	-0.0%
BIO	C	-0.0%
QRVO	F	-0.0%