SPY vs. CVLC ETF Comparison

Comparison of SPDR S&P 500 (SPY) to Calvert US Large-Cap Core Responsible Index ETF (CVLC)

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$596.60

Average Daily Volume

44,145,920

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

CVLC

Calvert US Large-Cap Core Responsible Index ETF

CVLC Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment.

Grade (RS Rating)

Last Trade

$74.78

Average Daily Volume

11,236

Number of Holdings ^*

767

* may have additional holdings in another (foreign) market

Performance

Period	SPY	CVLC
30 Days	2.20%	2.60%
60 Days	6.59%	6.92%
90 Days	8.31%	9.17%
12 Months	34.88%	35.36%

391 Overlapping Holdings

	Symbol	Grade	Weight in SPY	Weight in CVLC	Overlap
	A	F	0.08%	0.09%	0.08%
	AAPL	C	6.75%	6.29%	6.29%
	ABBV	D	0.71%	0.79%	0.71%
	ABNB	C	0.12%	0.13%	0.12%
	ABT	C	0.4%	0.45%	0.4%
	ACGL	D	0.08%	0.09%	0.08%
	ACN	C	0.44%	0.47%	0.44%
	ADBE	C	0.45%	0.47%	0.45%
	ADI	F	0.22%	0.23%	0.22%
	ADP	A	0.25%	0.26%	0.25%
	ADSK	A	0.13%	0.14%	0.13%
	AEE	A	0.05%	0.06%	0.05%
	AES	F	0.02%	0.02%	0.02%
	AFL	C	0.11%	0.13%	0.11%
	AIG	B	0.1%	0.12%	0.1%
	AJG	A	0.13%	0.14%	0.13%
	AKAM	F	0.03%	0.03%	0.03%
	ALGN	F	0.03%	0.03%	0.03%
	ALL	A	0.1%	0.12%	0.1%
	ALLE	D	0.02%	0.03%	0.02%
	AMAT	F	0.31%	0.32%	0.31%
	AMCR	D	0.03%	0.04%	0.03%
	AMD	F	0.47%	0.49%	0.47%
	AME	A	0.09%	0.12%	0.09%
	AMGN	F	0.34%	0.38%	0.34%
	AMP	A	0.11%	0.14%	0.11%
	AMT	F	0.18%	0.22%	0.18%
	AMZN	A	3.86%	3.69%	3.69%
	ANET	C	0.22%	0.23%	0.22%
	ANSS	B	0.06%	0.06%	0.06%
	AON	A	0.17%	0.2%	0.17%
	AOS	F	0.02%	0.03%	0.02%
	APD	B	0.14%	0.19%	0.14%
	APH	B	0.17%	0.24%	0.17%
	APTV	D	0.03%	0.03%	0.03%
	ARE	F	0.04%	0.05%	0.04%
	AVB	A	0.06%	0.08%	0.06%
	AVGO	C	1.67%	1.65%	1.65%
	AVY	F	0.03%	0.04%	0.03%
	AWK	D	0.05%	0.06%	0.05%
	AXON	B	0.07%	0.09%	0.07%
	AXP	B	0.33%	0.41%	0.33%
	AZO	C	0.11%	0.11%	0.11%
	BAC	A	0.61%	0.72%	0.61%
	BALL	D	0.04%	0.05%	0.04%
	BAX	F	0.04%	0.04%	0.04%
	BBY	D	0.04%	0.04%	0.04%
	BDX	D	0.14%	0.15%	0.14%
	BEN	C	0.01%	0.01%	0.01%
	BG	D	0.02%	0.03%	0.02%
	BIIB	F	0.05%	0.06%	0.05%
	BK	B	0.12%	0.14%	0.12%
	BKNG	A	0.33%	0.35%	0.33%
	BKR	B	0.08%	0.23%	0.08%
	BMY	B	0.22%	0.25%	0.22%
	BR	A	0.05%	0.05%	0.05%
	BRO	A	0.05%	0.06%	0.05%
	BSX	A	0.25%	0.28%	0.25%
	BWA	B	0.02%	0.02%	0.02%
	BX	A	0.25%	0.31%	0.25%
	BXP	D	0.02%	0.03%	0.02%
	C	A	0.26%	0.32%	0.26%
	CAG	F	0.03%	0.04%	0.03%
	CARR	C	0.13%	0.18%	0.13%
	CAT	C	0.4%	0.53%	0.4%
	CBOE	D	0.04%	0.05%	0.04%
	CBRE	A	0.08%	0.1%	0.08%
	CCI	F	0.09%	0.11%	0.09%
	CDNS	B	0.16%	0.17%	0.16%
	CDW	F	0.05%	0.06%	0.05%
	CE	F	0.02%	0.03%	0.02%
	CEG	D	0.15%	0.18%	0.15%
	CFG	B	0.04%	0.05%	0.04%
	CHD	B	0.05%	0.05%	0.05%
	CHRW	A	0.02%	0.03%	0.02%
	CHTR	B	0.08%	0.08%	0.08%
	CI	D	0.18%	0.19%	0.18%
	CINF	A	0.05%	0.06%	0.05%
	CL	F	0.15%	0.15%	0.15%
	CLX	A	0.04%	0.04%	0.04%
	CMCSA	B	0.35%	0.36%	0.35%
	CME	A	0.16%	0.2%	0.16%
	CMG	B	0.16%	0.22%	0.16%
	CMI	A	0.1%	0.13%	0.1%
	CMS	C	0.04%	0.05%	0.04%
	CNC	F	0.07%	0.07%	0.07%
	COF	B	0.15%	0.18%	0.15%
	COST	B	0.79%	0.79%	0.79%
	CPB	F	0.02%	0.03%	0.02%
	CPRT	A	0.1%	0.11%	0.1%
	CPT	C	0.02%	0.03%	0.02%
	CRL	C	0.02%	0.02%	0.02%
	CRM	B	0.59%	0.6%	0.59%
	CRWD	B	0.15%	0.15%	0.15%
	CSCO	A	0.46%	0.48%	0.46%
	CSGP	D	0.06%	0.07%	0.06%
	CTAS	A	0.15%	0.15%	0.15%
	CTLT	D	0.02%	0.02%	0.02%
	CTSH	A	0.08%	0.08%	0.08%
	CVS	F	0.15%	0.17%	0.15%
	D	D	0.1%	0.12%	0.1%
	DAL	A	0.08%	0.09%	0.08%
	DAY	C	0.03%	0.03%	0.03%
	DE	D	0.21%	0.29%	0.21%
	DECK	B	0.05%	0.05%	0.05%
	DELL	B	0.08%	0.08%	0.08%
	DFS	B	0.09%	0.11%	0.09%
	DG	F	0.03%	0.03%	0.03%
	DGX	A	0.03%	0.04%	0.03%
	DHI	F	0.1%	0.12%	0.1%
	DHR	F	0.32%	0.36%	0.32%
	DIS	B	0.36%	0.39%	0.36%
	DLR	C	0.11%	0.14%	0.11%
	DLTR	F	0.03%	0.03%	0.03%
	DOC	C	0.03%	0.04%	0.03%
	DOV	A	0.06%	0.08%	0.06%
	DPZ	C	0.03%	0.04%	0.03%
	DRI	B	0.04%	0.06%	0.04%
	DTE	D	0.05%	0.06%	0.05%
	DVA	C	0.01%	0.02%	0.01%
	DXCM	C	0.05%	0.06%	0.05%
	EA	A	0.08%	0.08%	0.08%
	EBAY	C	0.06%	0.06%	0.06%
	ECL	C	0.12%	0.17%	0.12%
	ED	D	0.07%	0.08%	0.07%
	EFX	D	0.07%	0.07%	0.07%
	EG	D	0.03%	0.04%	0.03%
	EL	F	0.03%	0.03%	0.03%
	ELV	F	0.2%	0.22%	0.2%
	EMN	D	0.02%	0.03%	0.02%
	EMR	A	0.14%	0.2%	0.14%
	ENPH	F	0.02%	0.02%	0.02%
	EPAM	B	0.02%	0.02%	0.02%
	EQIX	B	0.17%	0.2%	0.17%
	EQR	C	0.05%	0.06%	0.05%
	ES	D	0.04%	0.05%	0.04%
	ESS	C	0.04%	0.05%	0.04%
	ETN	A	0.28%	0.4%	0.28%
	EVRG	A	0.03%	0.03%	0.03%
	EW	D	0.08%	0.09%	0.08%
	EXC	C	0.08%	0.09%	0.08%
	EXPD	D	0.03%	0.04%	0.03%
	EXR	D	0.07%	0.08%	0.07%
	F	C	0.09%	0.1%	0.09%
	FAST	A	0.1%	0.09%	0.09%
	FDS	A	0.04%	0.04%	0.04%
	FDX	B	0.13%	0.15%	0.13%
	FFIV	A	0.03%	0.03%	0.03%
	FI	A	0.24%	0.25%	0.24%
	FICO	B	0.1%	0.11%	0.1%
	FIS	B	0.09%	0.1%	0.09%
	FITB	A	0.06%	0.08%	0.06%
	FMC	F	0.02%	0.02%	0.02%
	FRT	C	0.02%	0.02%	0.02%
	FSLR	F	0.04%	0.04%	0.04%
	FTNT	B	0.1%	0.11%	0.1%
	FTV	D	0.05%	0.07%	0.05%
	GE	C	0.39%	0.5%	0.39%
	GEHC	F	0.08%	0.08%	0.08%
	GEN	A	0.03%	0.03%	0.03%
	GEV	B	0.18%	0.22%	0.18%
	GILD	C	0.23%	0.25%	0.23%
	GIS	F	0.07%	0.1%	0.07%
	GL	B	0.02%	0.02%	0.02%
	GLW	C	0.07%	0.08%	0.07%
	GM	A	0.12%	0.15%	0.12%
	GOOGL	B	2.06%	3.71%	2.06%
	GPC	D	0.03%	0.03%	0.03%
	GS	B	0.37%	0.46%	0.37%
	GWW	B	0.11%	0.1%	0.1%
	HAS	D	0.02%	0.02%	0.02%
	HBAN	B	0.05%	0.06%	0.05%
	HD	B	0.77%	0.76%	0.76%
	HIG	C	0.07%	0.08%	0.07%
	HLT	A	0.12%	0.13%	0.12%
	HOLX	D	0.04%	0.04%	0.04%
	HPE	B	0.06%	0.06%	0.06%
	HPQ	B	0.07%	0.07%	0.07%
	HRL	F	0.02%	0.03%	0.02%
	HSIC	F	0.02%	0.02%	0.02%
	HST	C	0.03%	0.03%	0.03%
	HSY	D	0.05%	0.07%	0.05%
	HUBB	B	0.05%	0.07%	0.05%
	HUM	D	0.07%	0.08%	0.07%
	IBM	C	0.39%	0.41%	0.39%
	ICE	D	0.18%	0.22%	0.18%
	IDXX	D	0.07%	0.08%	0.07%
	IEX	B	0.04%	0.05%	0.04%
	IFF	F	0.04%	0.06%	0.04%
	INCY	B	0.03%	0.03%	0.03%
	INTC	C	0.21%	0.22%	0.21%
	INTU	A	0.36%	0.37%	0.36%
	IPG	F	0.02%	0.03%	0.02%
	IQV	F	0.08%	0.09%	0.08%
	IR	A	0.08%	0.12%	0.08%
	IRM	D	0.07%	0.07%	0.07%
	ISRG	A	0.36%	0.4%	0.36%
	IT	A	0.08%	0.09%	0.08%
	ITW	A	0.15%	0.23%	0.15%
	IVZ	C	0.02%	0.02%	0.02%
	JBHT	B	0.03%	0.04%	0.03%
	JBL	C	0.03%	0.03%	0.03%
	JCI	A	0.11%	0.15%	0.11%
	JKHY	C	0.03%	0.03%	0.03%
	JNPR	D	0.03%	0.03%	0.03%
	JPM	B	1.4%	1.43%	1.4%
	K	A	0.04%	0.06%	0.04%
	KDP	D	0.07%	0.1%	0.07%
	KEY	B	0.04%	0.05%	0.04%
	KEYS	C	0.06%	0.08%	0.06%
	KHC	F	0.06%	0.08%	0.06%
	KIM	A	0.03%	0.04%	0.03%
	KKR	B	0.2%	0.25%	0.2%
	KLAC	F	0.18%	0.19%	0.18%
	KMB	F	0.09%	0.09%	0.09%
	KMX	C	0.02%	0.02%	0.02%
	KO	F	0.49%	0.57%	0.49%
	KR	A	0.08%	0.12%	0.08%
	KVUE	B	0.09%	0.09%	0.09%
	LEN	D	0.08%	0.1%	0.08%
	LH	A	0.04%	0.04%	0.04%
	LIN	D	0.44%	0.53%	0.44%
	LKQ	D	0.02%	0.02%	0.02%
	LLY	F	1.22%	1.32%	1.22%
	LNT	C	0.03%	0.04%	0.03%
	LOW	B	0.3%	0.29%	0.29%
	LRCX	F	0.2%	0.21%	0.2%
	LULU	C	0.07%	0.07%	0.07%
	LW	C	0.02%	0.03%	0.02%
	LYV	B	0.04%	0.04%	0.04%
	MA	B	0.86%	0.9%	0.86%
	MAA	C	0.04%	0.04%	0.04%
	MAR	A	0.13%	0.14%	0.13%
	MAS	D	0.03%	0.03%	0.03%
	MCHP	F	0.08%	0.08%	0.08%
	MCO	C	0.14%	0.16%	0.14%
	MDLZ	F	0.18%	0.25%	0.18%
	MDT	D	0.23%	0.26%	0.23%
	MET	C	0.1%	0.12%	0.1%
	MHK	D	0.02%	0.02%	0.02%
	MKC	D	0.04%	0.06%	0.04%
	MKTX	C	0.02%	0.02%	0.02%
	MMC	C	0.22%	0.27%	0.22%
	MNST	B	0.08%	0.11%	0.08%
	MOH	F	0.04%	0.04%	0.04%
	MOS	D	0.02%	0.02%	0.02%
	MPWR	F	0.08%	0.08%	0.08%
	MRK	F	0.51%	0.57%	0.51%
	MRNA	F	0.03%	0.04%	0.03%
	MSCI	B	0.09%	0.1%	0.09%
	MSFT	C	6.23%	5.74%	5.74%
	MSI	B	0.16%	0.16%	0.16%
	MTB	B	0.07%	0.09%	0.07%
	MTD	F	0.06%	0.06%	0.06%
	MU	D	0.25%	0.26%	0.25%
	NDAQ	A	0.06%	0.08%	0.06%
	NDSN	B	0.03%	0.04%	0.03%
	NEE	D	0.31%	0.37%	0.31%
	NFLX	A	0.67%	0.7%	0.67%
	NI	A	0.03%	0.04%	0.03%
	NKE	F	0.18%	0.18%	0.18%
	NOW	A	0.41%	0.43%	0.41%
	NRG	B	0.04%	0.05%	0.04%
	NTAP	D	0.05%	0.05%	0.05%
	NTRS	A	0.04%	0.05%	0.04%
	NUE	C	0.08%	0.22%	0.08%
	NVDA	B	7.14%	6.41%	6.41%
	NVR	D	0.06%	0.06%	0.06%
	O	D	0.1%	0.12%	0.1%
	ODFL	B	0.09%	0.1%	0.09%
	OMC	B	0.04%	0.04%	0.04%
	ON	F	0.06%	0.06%	0.06%
	ORCL	A	0.58%	0.61%	0.58%
	ORLY	A	0.14%	0.14%	0.14%
	OTIS	C	0.08%	0.11%	0.08%
	OXY	D	0.07%	0.19%	0.07%
	PANW	A	0.25%	0.26%	0.25%
	PARA	C	0.01%	0.02%	0.01%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	B	0.09%	0.1%	0.09%
	PCAR	B	0.12%	0.17%	0.12%
	PEG	C	0.08%	0.1%	0.08%
	PEP	D	0.45%	0.55%	0.45%
	PFE	F	0.31%	0.34%	0.31%
	PFG	C	0.04%	0.05%	0.04%
	PG	C	0.76%	0.75%	0.75%
	PGR	A	0.3%	0.37%	0.3%
	PH	A	0.18%	0.25%	0.18%
	PHM	D	0.05%	0.06%	0.05%
	PKG	B	0.04%	0.06%	0.04%
	PLD	D	0.21%	0.25%	0.21%
	PNC	B	0.16%	0.2%	0.16%
	PNR	A	0.03%	0.05%	0.03%
	PODD	B	0.03%	0.04%	0.03%
	POOL	D	0.03%	0.03%	0.03%
	PPG	F	0.06%	0.08%	0.06%
	PRU	B	0.09%	0.11%	0.09%
	PSA	C	0.1%	0.12%	0.1%
	PTC	B	0.05%	0.05%	0.05%
	PWR	B	0.09%	0.11%	0.09%
	PYPL	A	0.17%	0.17%	0.17%
	QCOM	F	0.38%	0.4%	0.38%
	QRVO	F	0.01%	0.01%	0.01%
	REG	A	0.02%	0.03%	0.02%
	REGN	F	0.17%	0.19%	0.17%
	RF	B	0.05%	0.06%	0.05%
	RJF	A	0.06%	0.07%	0.06%
	RL	B	0.02%	0.02%	0.02%
	RMD	C	0.07%	0.08%	0.07%
	ROK	B	0.07%	0.09%	0.07%
	ROL	B	0.03%	0.03%	0.03%
	ROP	A	0.12%	0.13%	0.12%
	ROST	F	0.09%	0.09%	0.09%
	RSG	A	0.08%	0.1%	0.08%
	RVTY	C	0.03%	0.03%	0.03%
	SBAC	D	0.05%	0.06%	0.05%
	SBUX	B	0.22%	0.3%	0.22%
	SCHW	A	0.23%	0.28%	0.23%
	SHW	A	0.18%	0.24%	0.18%
	SJM	F	0.02%	0.03%	0.02%
	SMCI	F	0.02%	0.02%	0.02%
	SNA	A	0.04%	0.05%	0.04%
	SNPS	B	0.17%	0.18%	0.17%
	SPG	B	0.11%	0.14%	0.11%
	SPGI	C	0.31%	0.34%	0.31%
	SRE	A	0.11%	0.13%	0.11%
	STE	F	0.04%	0.05%	0.04%
	STLD	B	0.04%	0.12%	0.04%
	STT	B	0.06%	0.07%	0.06%
	STX	D	0.04%	0.05%	0.04%
	SW	C	0.05%	0.08%	0.05%
	SWK	F	0.03%	0.04%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.05%	0.07%	0.05%
	SYK	A	0.25%	0.29%	0.25%
	SYY	B	0.08%	0.11%	0.08%
	T	A	0.32%	0.33%	0.32%
	TDY	A	0.04%	0.06%	0.04%
	TECH	B	0.02%	0.03%	0.02%
	TER	F	0.04%	0.04%	0.04%
	TFC	B	0.13%	0.15%	0.13%
	TFX	F	0.02%	0.02%	0.02%
	TGT	C	0.14%	0.13%	0.13%
	TJX	B	0.26%	0.26%	0.26%
	TMO	F	0.43%	0.47%	0.43%
	TMUS	A	0.23%	0.24%	0.23%
	TPR	B	0.02%	0.02%	0.02%
	TRMB	B	0.04%	0.05%	0.04%
	TROW	B	0.05%	0.06%	0.05%
	TRV	B	0.12%	0.14%	0.12%
	TSCO	C	0.06%	0.06%	0.06%
	TSLA	B	1.6%	1.65%	1.6%
	TT	A	0.18%	0.24%	0.18%
	TTWO	A	0.05%	0.06%	0.05%
	TXN	C	0.39%	0.41%	0.39%
	TYL	B	0.05%	0.05%	0.05%
	UBER	F	0.31%	0.31%	0.31%
	UDR	C	0.03%	0.03%	0.03%
	ULTA	C	0.04%	0.04%	0.04%
	UNH	B	1.1%	1.14%	1.1%
	UNP	C	0.3%	0.35%	0.3%
	UPS	C	0.2%	0.23%	0.2%
	URI	B	0.12%	0.16%	0.12%
	USB	A	0.16%	0.2%	0.16%
	V	A	1.02%	1.07%	1.02%
	VLTO	C	0.05%	0.05%	0.05%
	VMC	B	0.08%	0.21%	0.08%
	VRSK	A	0.08%	0.09%	0.08%
	VRSN	C	0.03%	0.03%	0.03%
	VRTX	B	0.25%	0.28%	0.25%
	VTR	C	0.05%	0.06%	0.05%
	VZ	C	0.35%	0.36%	0.35%
	WAB	A	0.07%	0.1%	0.07%
	WAT	A	0.05%	0.05%	0.05%
	WBD	B	0.04%	0.04%	0.04%
	WDC	D	0.05%	0.05%	0.05%
	WEC	B	0.06%	0.07%	0.06%
	WELL	B	0.15%	0.2%	0.15%
	WFC	A	0.49%	0.61%	0.49%
	WM	A	0.16%	0.21%	0.16%
	WMT	A	0.72%	0.71%	0.71%
	WRB	B	0.04%	0.04%	0.04%
	WST	B	0.05%	0.05%	0.05%
	WTW	A	0.06%	0.08%	0.06%
	WY	F	0.05%	0.04%	0.04%
	XEL	A	0.07%	0.09%	0.07%
	XYL	D	0.06%	0.08%	0.06%
	YUM	B	0.08%	0.11%	0.08%
	ZBH	C	0.04%	0.05%	0.04%
	ZBRA	A	0.04%	0.04%	0.04%
	ZTS	D	0.15%	0.17%	0.15%

SPY Overweight 107 Positions Relative to CVLC

	Symbol	Grade	Weight
	META	B	2.49%
	GOOG	B	1.71%
	BRK.A	B	1.71%
	XOM	B	1.07%
	JNJ	D	0.76%
	CVX	B	0.53%
	MCD	C	0.42%
	PM	C	0.39%
	MS	A	0.33%
	RTX	C	0.32%
	HON	B	0.28%
	COP	C	0.26%
	LMT	C	0.23%
	PLTR	B	0.22%
	CB	C	0.21%
	BA	F	0.21%
	SO	D	0.19%
	MO	A	0.18%
	DUK	D	0.17%
	GD	A	0.16%
	MMM	C	0.15%
	TDG	B	0.15%
	MCK	A	0.14%
	CSX	B	0.14%
	NOC	C	0.14%
	EOG	A	0.14%
	HCA	D	0.13%
	FCX	F	0.13%
	WMB	B	0.13%
	NXPI	F	0.12%
	OKE	A	0.12%
	SLB	C	0.12%
	NSC	B	0.12%
	PSX	D	0.11%
	RCL	A	0.11%
	LHX	A	0.1%
	KMI	B	0.1%
	NEM	F	0.1%
	AEP	D	0.1%
	MPC	D	0.1%
	CTVA	C	0.09%
	COR	A	0.09%
	PCG	A	0.09%
	VST	B	0.09%
	VLO	D	0.09%
	HWM	A	0.09%
	MLM	B	0.08%
	HES	C	0.08%
	TRGP	B	0.08%
	DOW	F	0.07%
	FANG	D	0.07%
	DD	D	0.07%
	STZ	D	0.07%
	CAH	A	0.06%
	UAL	B	0.06%
	GPN	B	0.06%
	ETR	B	0.06%
	EIX	C	0.06%
	GRMN	A	0.06%
	VICI	D	0.06%
	EQT	B	0.05%
	PPL	A	0.05%
	CPAY	A	0.05%
	CCL	A	0.05%
	GDDY	A	0.05%
	DVN	F	0.05%
	ADM	F	0.05%
	LDOS	B	0.05%
	HAL	C	0.05%
	LVS	C	0.04%
	CTRA	B	0.04%
	J	B	0.04%
	LUV	B	0.04%
	CNP	B	0.04%
	INVH	D	0.04%
	IP	C	0.04%
	BLDR	D	0.04%
	FE	D	0.04%
	EXPE	B	0.04%
	ATO	A	0.04%
	LYB	F	0.04%
	VTRS	B	0.03%
	CF	B	0.03%
	L	A	0.03%
	MRO	B	0.03%
	TXT	C	0.03%
	TSN	C	0.03%
	HII	D	0.02%
	WYNN	F	0.02%
	MGM	D	0.02%
	CZR	F	0.02%
	APA	F	0.02%
	MTCH	F	0.02%
	TAP	B	0.02%
	FOXA	A	0.02%
	PNW	B	0.02%
	SOLV	D	0.02%
	ERIE	F	0.02%
	AIZ	A	0.02%
	NWSA	B	0.02%
	GNRC	B	0.02%
	ALB	B	0.02%
	UHS	D	0.02%
	NCLH	B	0.02%
	NWS	B	0.01%
	FOX	A	0.01%
	WBA	D	0.01%

SPY Underweight 376 Positions Relative to CVLC

	Symbol	Grade	Weight
	MRVL	B	-0.16%
	APO	B	-0.16%
	TTD	B	-0.12%
	COIN	B	-0.12%
	VRT	B	-0.12%
	WDAY	B	-0.11%
	CSL	B	-0.11%
	RS	B	-0.1%
	OC	A	-0.09%
	SQ	B	-0.09%
	ALNY	D	-0.08%
	ARES	B	-0.08%
	SNOW	C	-0.08%
	DDOG	B	-0.08%
	APP	B	-0.07%
	FCNCA	B	-0.07%
	VEEV	B	-0.07%
	HEI	B	-0.07%
	TEAM	B	-0.07%
	EME	B	-0.06%
	RBLX	B	-0.06%
	LPLA	B	-0.06%
	NET	B	-0.06%
	HUBS	B	-0.06%
	WSO	A	-0.05%
	BAH	C	-0.05%
	CVNA	B	-0.05%
	LII	B	-0.05%
	ILMN	C	-0.05%
	SAIA	B	-0.04%
	NVT	B	-0.04%
	MANH	C	-0.04%
	EWBC	B	-0.04%
	TW	C	-0.04%
	COHR	B	-0.04%
	TOL	C	-0.04%
	RGA	A	-0.04%
	ACM	B	-0.04%
	TXRH	A	-0.04%
	FIX	B	-0.04%
	PFGC	B	-0.04%
	ZS	B	-0.04%
	UTHR	B	-0.04%
	ATI	D	-0.04%
	CMC	B	-0.04%
	SUI	D	-0.04%
	SFM	B	-0.04%
	EQH	B	-0.04%
	CW	B	-0.04%
	XPO	B	-0.04%
	GGG	B	-0.04%
	MDB	C	-0.04%
	PINS	F	-0.04%
	CASY	B	-0.04%
	ZM	B	-0.04%
	IBKR	A	-0.04%
	TRU	D	-0.04%
	USFD	A	-0.04%
	WBS	A	-0.03%
	DUOL	B	-0.03%
	CUBE	D	-0.03%
	SRPT	F	-0.03%
	ALLY	C	-0.03%
	WAL	B	-0.03%
	OKTA	C	-0.03%
	DCI	A	-0.03%
	SNAP	C	-0.03%
	WING	D	-0.03%
	FHN	A	-0.03%
	CNH	D	-0.03%
	AFRM	B	-0.03%
	TOST	A	-0.03%
	WTRG	C	-0.03%
	BLD	F	-0.03%
	WWD	B	-0.03%
	SCI	B	-0.03%
	AYI	B	-0.03%
	INGR	B	-0.03%
	NBIX	C	-0.03%
	EVR	B	-0.03%
	LBRDK	C	-0.03%
	CG	C	-0.03%
	BMRN	F	-0.03%
	LAMR	D	-0.03%
	ALSN	A	-0.03%
	AIT	A	-0.03%
	SF	B	-0.03%
	JEF	A	-0.03%
	MLI	B	-0.03%
	ARMK	B	-0.03%
	WPC	F	-0.03%
	ELS	C	-0.03%
	JLL	C	-0.03%
	TTEK	C	-0.03%
	DT	C	-0.03%
	SOFI	B	-0.03%
	WSM	F	-0.03%
	CCK	D	-0.03%
	WMS	F	-0.03%
	BURL	C	-0.03%
	OWL	B	-0.03%
	CLH	B	-0.03%
	ATR	A	-0.03%
	UNM	A	-0.03%
	NTNX	B	-0.03%
	DOCU	B	-0.03%
	GWRE	A	-0.03%
	TWLO	A	-0.03%
	LECO	C	-0.03%
	ENTG	D	-0.03%
	SSNC	C	-0.03%
	SUM	C	-0.03%
	RRX	C	-0.03%
	AVTR	F	-0.03%
	RNR	D	-0.03%
	ITT	A	-0.03%
	PSTG	D	-0.03%
	FSS	C	-0.02%
	SMAR	A	-0.02%
	ITRI	B	-0.02%
	MOD	C	-0.02%
	VFC	C	-0.02%
	HLNE	B	-0.02%
	ALK	A	-0.02%
	LNC	B	-0.02%
	S	B	-0.02%
	ESTC	C	-0.02%
	CVLT	A	-0.02%
	TREX	C	-0.02%
	LSCC	D	-0.02%
	BC	C	-0.02%
	MTG	C	-0.02%
	FCN	F	-0.02%
	LSTR	B	-0.02%
	PLNT	A	-0.02%
	SAIC	C	-0.02%
	BIO	C	-0.02%
	GXO	B	-0.02%
	MTH	D	-0.02%
	WTS	B	-0.02%
	R	A	-0.02%
	RHP	B	-0.02%
	AXS	A	-0.02%
	OMF	A	-0.02%
	WEX	D	-0.02%
	SKX	F	-0.02%
	UFPI	B	-0.02%
	AGCO	F	-0.02%
	WH	A	-0.02%
	BCPC	B	-0.02%
	TPX	B	-0.02%
	GKOS	A	-0.02%
	RIVN	D	-0.02%
	RYAN	A	-0.02%
	STAG	D	-0.02%
	FR	C	-0.02%
	RGEN	C	-0.02%
	HALO	B	-0.02%
	OLED	F	-0.02%
	RHI	B	-0.02%
	CADE	B	-0.02%
	BRBR	A	-0.02%
	COKE	C	-0.02%
	ONB	B	-0.02%
	BPOP	C	-0.02%
	COLD	F	-0.02%
	TMHC	C	-0.02%
	DAR	B	-0.02%
	HQY	B	-0.02%
	ENSG	C	-0.02%
	LFUS	D	-0.02%
	CBT	C	-0.02%
	WSC	F	-0.02%
	MOG.A	B	-0.02%
	ALV	C	-0.02%
	MSA	D	-0.02%
	VNO	C	-0.02%
	ESI	B	-0.02%
	CHE	D	-0.02%
	AGNC	C	-0.02%
	NOVT	C	-0.02%
	PB	B	-0.02%
	BMI	B	-0.02%
	NNN	F	-0.02%
	ONTO	F	-0.02%
	SNX	C	-0.02%
	WCC	B	-0.02%
	HRB	D	-0.02%
	LAD	B	-0.02%
	VMI	B	-0.02%
	ROKU	C	-0.02%
	MKSI	C	-0.02%
	PCTY	A	-0.02%
	PEN	B	-0.02%
	GTLS	A	-0.02%
	NYT	C	-0.02%
	VOYA	B	-0.02%
	MEDP	C	-0.02%
	CGNX	C	-0.02%
	FRPT	B	-0.02%
	MORN	B	-0.02%
	CIEN	B	-0.02%
	SNV	B	-0.02%
	BRX	A	-0.02%
	FBIN	F	-0.02%
	SSB	B	-0.02%
	GMED	B	-0.02%
	JXN	B	-0.02%
	OSK	B	-0.02%
	SEIC	A	-0.02%
	ESAB	B	-0.02%
	MTZ	B	-0.02%
	CFR	B	-0.02%
	FND	F	-0.02%
	WTFC	B	-0.02%
	MIDD	C	-0.02%
	BERY	C	-0.02%
	KNX	B	-0.02%
	AAL	B	-0.02%
	SSD	D	-0.02%
	DKS	F	-0.02%
	CBSH	A	-0.02%
	ACI	C	-0.02%
	ORI	A	-0.02%
	ZION	B	-0.02%
	DOX	C	-0.02%
	FLS	B	-0.02%
	CNM	D	-0.02%
	APG	B	-0.02%
	EXEL	B	-0.02%
	EXAS	F	-0.02%
	EHC	A	-0.02%
	REXR	F	-0.02%
	RPRX	F	-0.02%
	CMA	A	-0.02%
	PNFP	B	-0.02%
	BJ	B	-0.02%
	GPK	D	-0.02%
	AFG	A	-0.02%
	AXTA	A	-0.02%
	PRI	A	-0.02%
	TTC	F	-0.02%
	KNSL	C	-0.02%
	HLI	B	-0.02%
	OHI	C	-0.02%
	Z	B	-0.02%
	COTY	F	-0.01%
	COLM	B	-0.01%
	PAG	B	-0.01%
	CWEN	D	-0.01%
	AGR	C	-0.01%
	ALGM	F	-0.01%
	APLS	F	-0.01%
	TNET	D	-0.01%
	PFSI	D	-0.01%
	CACC	D	-0.01%
	ZI	D	-0.01%
	BOKF	B	-0.01%
	CHWY	B	-0.01%
	MSM	B	-0.01%
	BBIO	F	-0.01%
	CWAN	B	-0.01%
	SIG	B	-0.01%
	CHH	B	-0.01%
	AN	C	-0.01%
	M	D	-0.01%
	OPCH	F	-0.01%
	CDP	C	-0.01%
	FIVE	F	-0.01%
	EEFT	C	-0.01%
	OGN	F	-0.01%
	DLB	C	-0.01%
	WMG	B	-0.01%
	NSIT	F	-0.01%
	RH	C	-0.01%
	GAP	B	-0.01%
	BCO	F	-0.01%
	AVT	C	-0.01%
	ABG	B	-0.01%
	WTM	A	-0.01%
	HOG	F	-0.01%
	ATKR	D	-0.01%
	TENB	C	-0.01%
	LYFT	B	-0.01%
	APPF	B	-0.01%
	PSN	B	-0.01%
	LANC	C	-0.01%
	XRAY	F	-0.01%
	SWX	B	-0.01%
	DOCS	B	-0.01%
	HCP	A	-0.01%
	BCC	B	-0.01%
	ELF	C	-0.01%
	PVH	C	-0.01%
	ZWS	B	-0.01%
	WHR	B	-0.01%
	EXPO	D	-0.01%
	KD	A	-0.01%
	CRUS	F	-0.01%
	CROX	F	-0.01%
	OLLI	C	-0.01%
	IONS	F	-0.01%
	MMS	D	-0.01%
	POR	D	-0.01%
	ASH	F	-0.01%
	ETSY	C	-0.01%
	FELE	A	-0.01%
	DY	C	-0.01%
	QLYS	B	-0.01%
	VRNS	D	-0.01%
	NXST	C	-0.01%
	BECN	B	-0.01%
	GME	C	-0.01%
	UGI	D	-0.01%
	FLO	F	-0.01%
	SLGN	A	-0.01%
	MAT	C	-0.01%
	RDN	C	-0.01%
	ALTR	C	-0.01%
	LEA	F	-0.01%
	ARW	F	-0.01%
	AZEK	B	-0.01%
	SLM	B	-0.01%
	VNT	B	-0.01%
	MMSI	B	-0.01%
	IBP	F	-0.01%
	OZK	B	-0.01%
	RMBS	B	-0.01%
	FOUR	B	-0.01%
	AWI	B	-0.01%
	THO	B	-0.01%
	SITE	D	-0.01%
	AMG	B	-0.01%
	CFLT	B	-0.01%
	EPRT	C	-0.01%
	ANF	D	-0.01%
	BRKR	F	-0.01%
	FAF	C	-0.01%
	NFG	C	-0.01%
	BBWI	C	-0.01%
	TRNO	D	-0.01%
	THG	A	-0.01%
	INSP	F	-0.01%
	AL	B	-0.01%
	DBX	B	-0.01%
	BPMC	B	-0.01%
	TPG	B	-0.01%
	ST	F	-0.01%
	G	B	-0.01%
	TKR	F	-0.01%
	SON	D	-0.01%
	BILL	A	-0.01%
	ELAN	D	-0.01%
	HOMB	A	-0.01%
	CELH	F	-0.01%
	KBH	D	-0.01%
	HXL	D	-0.01%
	SPSC	D	-0.01%
	JHG	B	-0.01%
	STWD	D	-0.01%
	IDA	A	-0.01%
	KRG	B	-0.01%
	ESNT	D	-0.01%
	MTN	D	-0.01%
	CWST	A	-0.01%
	FNB	A	-0.01%
	SIGI	B	-0.01%
	H	B	-0.01%
	COOP	B	-0.01%
	EXLS	B	-0.01%
	BFAM	F	-0.01%
	LPX	B	-0.01%
	JAZZ	B	-0.01%
	SEE	C	-0.01%
	GATX	A	-0.01%
	LEVI	F	-0.0%

SPY: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Oil & Gas E&P Aerospace & Defense Asset Management Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank

CVLC: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Business Services Asset Management Biotechnology Software - Infrastructure Diagnostics & Research Specialty Retail Semiconductors Capital Markets Packaged Foods Utilities - Regulated Electric Scientific & Technical Instruments Credit Services Insurance - Property & Casualty Medical Devices Medical Instruments & Supplies Packaging & Containers Building Materials

Keywords: S&P 500 Nasdaq 100 Computing Insurance Bank Banking Electronics Real Estate Investment Trust Chemical Natural Gas Medicine Aerospace Electricity Mining Semiconductor Telecommunications Cloud Computing Building Materials Insurance Products Beverage