SPY vs. MODL ETF Comparison

Comparison of SPDR S&P 500 (SPY) to VictoryShares WestEnd U.S. Sector ETF (MODL)

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

$595.51

Average Daily Volume

43,227,909

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

MODL

VictoryShares WestEnd U.S. Sector ETF

MODL Description

VictoryShares WestEnd U.S. Sector ETF is an exchange traded fund launched and managed by Victory Capital Management Inc. The fund is co-managed by WestEnd Advisors, LLC. It invests in public equity markets of the United States. It invests through other funds in stocks of companies operating across consumer discretionary, consumer staples, health care, financials, information technology, real estate, communication services, and utilities sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis with top-down stock picking approach to create its portfolio. VictoryShares WestEnd U.S. Sector ETF was formed on October 11, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$40.73

Average Daily Volume

26,985

Number of Holdings ^*

316

* may have additional holdings in another (foreign) market

Performance

Period	SPY	MODL
30 Days	3.03%	2.91%
60 Days	4.54%	4.12%
90 Days	6.26%	5.95%
12 Months	32.65%	30.78%

274 Overlapping Holdings

Symbol	Grade	Weight in SPY	Weight in MODL	Overlap
A	D	0.08%	0.13%	0.08%
AAPL	C	6.89%	4.85%	4.85%
ABBV	D	0.6%	1.05%	0.6%
ABNB	C	0.12%	0.11%	0.11%
ABT	B	0.4%	0.72%	0.4%
ACGL	D	0.07%	0.1%	0.07%
ACN	C	0.45%	0.31%	0.31%
ADBE	C	0.47%	0.42%	0.42%
ADI	D	0.21%	0.14%	0.14%
ADM	D	0.05%	0.1%	0.05%
ADSK	A	0.13%	0.11%	0.11%
AFL	B	0.11%	0.16%	0.11%
AIG	B	0.1%	0.14%	0.1%
AJG	B	0.13%	0.18%	0.13%
AKAM	D	0.03%	0.02%	0.02%
ALGN	D	0.03%	0.06%	0.03%
ALL	A	0.1%	0.15%	0.1%
AMAT	F	0.31%	0.2%	0.2%
AMD	F	0.45%	0.32%	0.32%
AMGN	D	0.32%	0.54%	0.32%
AMP	A	0.11%	0.31%	0.11%
AMZN	C	3.92%	3.64%	3.64%
ANET	C	0.2%	0.13%	0.13%
ANSS	B	0.06%	0.06%	0.06%
AON	A	0.16%	0.23%	0.16%
APH	A	0.17%	0.12%	0.12%
APTV	D	0.03%	0.03%	0.03%
AVGO	D	1.58%	1.06%	1.06%
AXP	A	0.32%	0.56%	0.32%
AZO	C	0.11%	0.1%	0.1%
BAC	A	0.62%	1.02%	0.62%
BAX	D	0.03%	0.06%	0.03%
BBY	D	0.04%	0.03%	0.03%
BDX	F	0.13%	0.22%	0.13%
BEN	C	0.01%	0.04%	0.01%
BIIB	F	0.05%	0.08%	0.05%
BK	A	0.11%	0.33%	0.11%
BKNG	A	0.33%	0.32%	0.32%
BLK	C	0.29%	0.9%	0.29%
BMY	B	0.24%	0.41%	0.24%
BRK.A	B	1.7%	0.65%	0.65%
BRK.A	B	1.7%	1.72%	1.7%
BRO	B	0.05%	0.07%	0.05%
BSX	B	0.26%	0.48%	0.26%
BX	A	0.26%	0.76%	0.26%
C	A	0.26%	0.37%	0.26%
CAH	B	0.06%	0.11%	0.06%
CB	C	0.21%	0.33%	0.21%
CBOE	B	0.04%	0.12%	0.04%
CCL	B	0.05%	0.05%	0.05%
CDNS	B	0.16%	0.15%	0.15%
CDW	F	0.05%	0.03%	0.03%
CFG	B	0.04%	0.06%	0.04%
CHD	B	0.05%	0.1%	0.05%
CHTR	C	0.08%	0.08%	0.08%
CI	F	0.18%	0.32%	0.18%
CINF	A	0.05%	0.07%	0.05%
CL	D	0.15%	0.28%	0.15%
CLX	B	0.04%	0.08%	0.04%
CMCSA	B	0.33%	0.34%	0.33%
CME	A	0.16%	0.48%	0.16%
CMG	B	0.16%	0.15%	0.15%
CNC	D	0.06%	0.11%	0.06%
COF	B	0.14%	0.19%	0.14%
COR	B	0.08%	0.15%	0.08%
COST	B	0.81%	1.6%	0.81%
CPAY	A	0.05%	0.07%	0.05%
CRM	B	0.64%	0.54%	0.54%
CRWD	B	0.16%	0.16%	0.16%
CSCO	B	0.46%	0.31%	0.31%
CTSH	B	0.08%	0.05%	0.05%
CVS	D	0.14%	0.24%	0.14%
DECK	A	0.05%	0.05%	0.05%
DELL	C	0.08%	0.05%	0.05%
DFS	B	0.09%	0.12%	0.09%
DG	F	0.03%	0.07%	0.03%
DGX	A	0.03%	0.07%	0.03%
DHI	D	0.1%	0.09%	0.09%
DHR	F	0.31%	0.54%	0.31%
DIS	B	0.39%	0.43%	0.39%
DLTR	F	0.03%	0.06%	0.03%
DPZ	C	0.03%	0.03%	0.03%
DRI	B	0.04%	0.04%	0.04%
DXCM	D	0.06%	0.11%	0.06%
EA	A	0.08%	0.08%	0.08%
EBAY	D	0.06%	0.06%	0.06%
EG	C	0.03%	0.03%	0.03%
EL	F	0.03%	0.06%	0.03%
ELV	F	0.19%	0.33%	0.19%
ENPH	F	0.02%	0.01%	0.01%
EW	C	0.08%	0.15%	0.08%
EXPE	B	0.05%	0.04%	0.04%
F	C	0.09%	0.08%	0.08%
FDS	B	0.04%	0.11%	0.04%
FI	A	0.24%	0.34%	0.24%
FICO	B	0.11%	0.1%	0.1%
FIS	C	0.1%	0.14%	0.1%
FITB	A	0.06%	0.09%	0.06%
FOX	A	0.01%	0.01%	0.01%
FOXA	B	0.02%	0.02%	0.02%
FSLR	F	0.04%	0.03%	0.03%
FTNT	C	0.12%	0.1%	0.1%
GDDY	A	0.05%	0.04%	0.04%
GEHC	F	0.08%	0.13%	0.08%
GEN	B	0.03%	0.02%	0.02%
GILD	C	0.23%	0.42%	0.23%
GIS	D	0.07%	0.12%	0.07%
GLW	B	0.07%	0.05%	0.05%
GM	B	0.13%	0.12%	0.12%
GOOG	C	1.69%	1.97%	1.69%
GOOGL	C	2.04%	2.21%	2.04%
GPC	D	0.03%	0.03%	0.03%
GPN	B	0.06%	0.08%	0.06%
GRMN	B	0.06%	0.06%	0.06%
GS	A	0.37%	1.05%	0.37%
HBAN	A	0.05%	0.07%	0.05%
HCA	F	0.13%	0.23%	0.13%
HD	A	0.8%	0.8%	0.8%
HIG	B	0.07%	0.1%	0.07%
HLT	A	0.12%	0.13%	0.12%
HOLX	D	0.04%	0.06%	0.04%
HPE	B	0.06%	0.04%	0.04%
HPQ	B	0.07%	0.05%	0.05%
HRL	D	0.02%	0.03%	0.02%
HSY	F	0.05%	0.09%	0.05%
HUM	C	0.07%	0.12%	0.07%
IBM	C	0.38%	0.26%	0.26%
ICE	C	0.18%	0.52%	0.18%
IDXX	F	0.07%	0.13%	0.07%
INCY	C	0.02%	0.05%	0.02%
INTC	D	0.21%	0.15%	0.15%
INTU	C	0.39%	0.35%	0.35%
IPG	D	0.02%	0.02%	0.02%
IQV	D	0.07%	0.12%	0.07%
ISRG	A	0.38%	0.69%	0.38%
IT	C	0.08%	0.05%	0.05%
JBL	B	0.03%	0.02%	0.02%
JKHY	D	0.02%	0.04%	0.02%
JNJ	D	0.73%	1.33%	0.73%
JPM	A	1.37%	1.89%	1.37%
K	A	0.04%	0.08%	0.04%
KDP	D	0.07%	0.11%	0.07%
KEYS	A	0.05%	0.04%	0.04%
KHC	F	0.06%	0.13%	0.06%
KKR	A	0.2%	0.59%	0.2%
KLAC	D	0.17%	0.12%	0.12%
KMB	D	0.09%	0.17%	0.09%
KO	D	0.48%	0.92%	0.48%
KR	B	0.08%	0.14%	0.08%
KVUE	A	0.09%	0.16%	0.09%
L	A	0.03%	0.04%	0.03%
LEN	D	0.08%	0.0%	0.0%
LEN	D	0.08%	0.08%	0.08%
LH	C	0.04%	0.07%	0.04%
LLY	F	1.23%	2.3%	1.23%
LOW	D	0.31%	0.3%	0.3%
LRCX	F	0.19%	0.13%	0.13%
LULU	C	0.08%	0.06%	0.06%
LVS	C	0.03%	0.04%	0.03%
LW	C	0.02%	0.06%	0.02%
LYV	A	0.04%	0.04%	0.04%
MA	C	0.85%	1.21%	0.85%
MAR	B	0.13%	0.13%	0.13%
MCD	D	0.43%	0.4%	0.4%
MCHP	D	0.07%	0.05%	0.05%
MCK	B	0.16%	0.32%	0.16%
MCO	B	0.15%	0.5%	0.15%
MDLZ	F	0.17%	0.27%	0.17%
MDT	D	0.22%	0.4%	0.22%
MET	A	0.1%	0.14%	0.1%
META	D	2.5%	2.64%	2.5%
MGM	D	0.02%	0.02%	0.02%
MKC	D	0.04%	0.06%	0.04%
MMC	B	0.22%	0.31%	0.22%
MNST	C	0.08%	0.14%	0.08%
MO	A	0.19%	0.33%	0.19%
MOH	F	0.04%	0.06%	0.04%
MPWR	F	0.06%	0.04%	0.04%
MRK	F	0.5%	0.88%	0.5%
MRNA	F	0.03%	0.05%	0.03%
MS	A	0.33%	0.94%	0.33%
MSCI	C	0.09%	0.26%	0.09%
MSFT	F	6.3%	5.77%	5.77%
MSI	B	0.16%	0.11%	0.11%
MTB	A	0.07%	0.1%	0.07%
MTD	D	0.05%	0.09%	0.05%
MU	D	0.22%	0.15%	0.15%
NDAQ	A	0.06%	0.15%	0.06%
NFLX	A	0.71%	0.77%	0.71%
NKE	D	0.18%	0.17%	0.17%
NOW	A	0.43%	0.37%	0.37%
NTAP	C	0.05%	0.03%	0.03%
NTRS	A	0.04%	0.12%	0.04%
NVDA	C	7.17%	4.61%	4.61%
NVR	D	0.06%	0.05%	0.05%
OMC	C	0.04%	0.04%	0.04%
ON	D	0.06%	0.04%	0.04%
ORCL	B	0.59%	0.53%	0.53%
ORLY	B	0.14%	0.13%	0.13%
PANW	C	0.25%	0.22%	0.22%
PEP	F	0.45%	0.76%	0.45%
PFE	D	0.29%	0.51%	0.29%
PFG	D	0.04%	0.06%	0.04%
PG	A	0.78%	1.54%	0.78%
PGR	A	0.3%	0.42%	0.3%
PHM	D	0.05%	0.05%	0.05%
PLTR	B	0.24%	0.19%	0.19%
PM	B	0.4%	0.66%	0.4%
PNC	B	0.16%	0.23%	0.16%
PODD	C	0.04%	0.07%	0.04%
POOL	C	0.03%	0.03%	0.03%
PRU	A	0.09%	0.13%	0.09%
PTC	A	0.05%	0.04%	0.04%
PYPL	B	0.17%	0.24%	0.17%
QCOM	F	0.36%	0.25%	0.25%
RCL	A	0.11%	0.1%	0.1%
REGN	F	0.16%	0.3%	0.16%
RF	A	0.05%	0.07%	0.05%
RJF	A	0.06%	0.17%	0.06%
RMD	C	0.07%	0.13%	0.07%
ROP	B	0.12%	0.11%	0.11%
ROST	C	0.09%	0.09%	0.09%
RVTY	F	0.03%	0.05%	0.03%
SBUX	A	0.22%	0.21%	0.21%
SCHW	B	0.24%	0.76%	0.24%
SMCI	F	0.02%	0.02%	0.02%
SNPS	B	0.17%	0.15%	0.15%
SPGI	C	0.32%	0.93%	0.32%
STE	F	0.04%	0.07%	0.04%
STT	A	0.06%	0.16%	0.06%
STX	D	0.04%	0.03%	0.03%
STZ	D	0.08%	0.14%	0.08%
SWKS	F	0.03%	0.02%	0.02%
SYF	B	0.05%	0.07%	0.05%
SYK	C	0.26%	0.5%	0.26%
SYY	B	0.07%	0.13%	0.07%
T	A	0.32%	0.34%	0.32%
TDY	B	0.04%	0.03%	0.03%
TER	D	0.03%	0.02%	0.02%
TFC	A	0.12%	0.17%	0.12%
TGT	F	0.14%	0.27%	0.14%
TJX	A	0.27%	0.26%	0.26%
TMO	F	0.4%	0.69%	0.4%
TMUS	B	0.23%	0.24%	0.23%
TRMB	B	0.03%	0.02%	0.02%
TROW	B	0.05%	0.15%	0.05%
TRV	B	0.12%	0.17%	0.12%
TSCO	D	0.06%	0.06%	0.06%
TSLA	B	1.72%	1.86%	1.72%
TSN	B	0.04%	0.06%	0.04%
TTWO	A	0.06%	0.07%	0.06%
TXN	C	0.37%	0.26%	0.26%
TYL	B	0.05%	0.05%	0.05%
ULTA	F	0.04%	0.03%	0.03%
UNH	C	1.09%	1.99%	1.09%
USB	A	0.16%	0.22%	0.16%
V	A	1.02%	1.47%	1.02%
VRSN	F	0.03%	0.02%	0.02%
VRTX	F	0.25%	0.44%	0.25%
VTRS	A	0.03%	0.06%	0.03%
VZ	C	0.34%	0.37%	0.34%
WAT	B	0.04%	0.08%	0.04%
WBA	F	0.01%	0.02%	0.01%
WBD	C	0.04%	0.05%	0.04%
WDC	D	0.04%	0.03%	0.03%
WFC	A	0.49%	0.69%	0.49%
WMT	A	0.73%	1.32%	0.73%
WRB	A	0.04%	0.05%	0.04%
WST	C	0.05%	0.08%	0.05%
WTW	B	0.06%	0.09%	0.06%
YUM	B	0.08%	0.07%	0.07%
ZBH	C	0.04%	0.08%	0.04%
ZBRA	B	0.04%	0.03%	0.03%
ZTS	D	0.16%	0.29%	0.16%

SPY Overweight 227 Positions Relative to MODL

Symbol	Grade	Weight
XOM	B	1.06%
CVX	A	0.55%
LIN	D	0.43%
GE	D	0.38%
CAT	B	0.37%
NEE	D	0.31%
RTX	C	0.31%
UBER	D	0.3%
HON	B	0.3%
ETN	A	0.29%
UNP	C	0.28%
COP	C	0.26%
ADP	B	0.24%
LMT	D	0.23%
PLD	D	0.21%
BA	F	0.2%
DE	A	0.2%
SO	D	0.19%
UPS	C	0.19%
GEV	B	0.18%
PH	A	0.18%
SHW	A	0.18%
AMT	D	0.18%
TT	A	0.18%
EQIX	A	0.17%
DUK	C	0.17%
WM	A	0.16%
EMR	A	0.15%
CTAS	B	0.15%
GD	F	0.15%
EOG	A	0.15%
WELL	A	0.15%
NOC	D	0.14%
CSX	B	0.14%
APD	A	0.14%
CEG	D	0.14%
TDG	D	0.14%
MMM	D	0.14%
ITW	B	0.14%
CARR	D	0.13%
OKE	A	0.13%
FDX	B	0.13%
WMB	A	0.13%
NSC	B	0.12%
PCAR	B	0.12%
SLB	C	0.12%
FCX	D	0.12%
ECL	D	0.12%
MPC	D	0.11%
PSX	C	0.11%
SPG	B	0.11%
DLR	B	0.11%
URI	B	0.11%
JCI	C	0.11%
NXPI	D	0.11%
SRE	A	0.11%
O	D	0.1%
CMI	A	0.1%
AEP	D	0.1%
CPRT	A	0.1%
KMI	A	0.1%
GWW	B	0.1%
PSA	D	0.1%
BKR	B	0.09%
PEG	A	0.09%
AXON	A	0.09%
CCI	D	0.09%
AME	A	0.09%
VLO	C	0.09%
PCG	A	0.09%
HWM	A	0.09%
NEM	D	0.09%
PAYX	C	0.09%
FAST	B	0.09%
LHX	C	0.09%
D	C	0.09%
VST	B	0.09%
PWR	A	0.09%
EXC	C	0.08%
XEL	A	0.08%
CTVA	C	0.08%
CBRE	B	0.08%
OTIS	C	0.08%
HES	B	0.08%
VRSK	A	0.08%
IR	B	0.08%
DAL	C	0.08%
TRGP	B	0.08%
ODFL	B	0.08%
RSG	A	0.08%
VICI	C	0.07%
ED	D	0.07%
IRM	D	0.07%
OXY	D	0.07%
FANG	D	0.07%
WAB	B	0.07%
EXR	D	0.07%
DD	D	0.07%
NUE	C	0.07%
MLM	B	0.07%
VMC	B	0.07%
DOV	A	0.06%
PPG	F	0.06%
XYL	D	0.06%
UAL	A	0.06%
WEC	A	0.06%
CSGP	D	0.06%
DOW	F	0.06%
ETR	B	0.06%
EIX	B	0.06%
AVB	B	0.06%
EFX	F	0.06%
ROK	B	0.06%
IFF	D	0.05%
SBAC	D	0.05%
HUBB	B	0.05%
AEE	A	0.05%
PPL	B	0.05%
DVN	F	0.05%
DTE	C	0.05%
SW	A	0.05%
EQR	B	0.05%
EQT	B	0.05%
VLTO	D	0.05%
AWK	D	0.05%
VTR	C	0.05%
FTV	C	0.05%
BR	A	0.05%
HAL	C	0.05%
J	F	0.04%
KEY	B	0.04%
MAA	B	0.04%
CTRA	B	0.04%
BALL	D	0.04%
SNA	A	0.04%
NRG	B	0.04%
INVH	D	0.04%
LUV	C	0.04%
ESS	B	0.04%
CNP	B	0.04%
IP	B	0.04%
STLD	B	0.04%
CMS	C	0.04%
FE	C	0.04%
PKG	A	0.04%
BLDR	D	0.04%
LYB	F	0.04%
ES	D	0.04%
ATO	A	0.04%
WY	D	0.04%
LDOS	C	0.04%
JNPR	F	0.03%
CPT	B	0.03%
CHRW	C	0.03%
CAG	D	0.03%
SWK	D	0.03%
TPR	B	0.03%
UDR	B	0.03%
EPAM	C	0.03%
NDSN	B	0.03%
ROL	B	0.03%
FFIV	B	0.03%
EVRG	A	0.03%
AMCR	D	0.03%
JBHT	C	0.03%
DOC	D	0.03%
LNT	A	0.03%
CF	B	0.03%
AVY	D	0.03%
TXT	D	0.03%
MRO	B	0.03%
NI	A	0.03%
KIM	A	0.03%
ARE	D	0.03%
EXPD	D	0.03%
MAS	D	0.03%
IEX	B	0.03%
PNR	A	0.03%
HII	D	0.02%
BWA	D	0.02%
IVZ	B	0.02%
MTCH	D	0.02%
CE	F	0.02%
HAS	D	0.02%
APA	D	0.02%
MOS	F	0.02%
CZR	F	0.02%
HSIC	B	0.02%
RL	B	0.02%
FRT	B	0.02%
WYNN	D	0.02%
CPB	D	0.02%
AOS	F	0.02%
TFX	F	0.02%
SOLV	C	0.02%
GL	B	0.02%
AES	F	0.02%
MKTX	D	0.02%
ERIE	D	0.02%
CRL	C	0.02%
LKQ	D	0.02%
PNW	B	0.02%
CTLT	B	0.02%
PAYC	B	0.02%
NWSA	B	0.02%
TAP	C	0.02%
AIZ	A	0.02%
GNRC	B	0.02%
TECH	D	0.02%
BXP	D	0.02%
NCLH	B	0.02%
EMN	D	0.02%
SJM	D	0.02%
UHS	D	0.02%
ALB	C	0.02%
REG	B	0.02%
DAY	B	0.02%
KMX	B	0.02%
HST	C	0.02%
ALLE	D	0.02%
BG	F	0.02%
NWS	B	0.01%
QRVO	F	0.01%
PARA	C	0.01%
FMC	D	0.01%
DVA	B	0.01%
MHK	D	0.01%

SPY Underweight 42 Positions Relative to MODL

Symbol	Grade	Weight
COIN	C	-0.37%
ARES	A	-0.18%
APO	B	-0.18%
SQ	B	-0.14%
LPLA	A	-0.13%
MSTR	C	-0.12%
VEEV	C	-0.12%
APP	B	-0.12%
ALNY	D	-0.11%
MRVL	B	-0.11%
TTD	B	-0.11%
WDAY	B	-0.1%
DASH	A	-0.1%
ILMN	D	-0.08%
HUBS	A	-0.07%
DDOG	A	-0.07%
SNOW	C	-0.06%
FCNCA	A	-0.06%
MKL	A	-0.06%
TEAM	A	-0.06%
AVTR	F	-0.05%
RBLX	C	-0.05%
RPRX	D	-0.04%
PINS	D	-0.04%
DKNG	B	-0.04%
NET	B	-0.04%
BMRN	D	-0.04%
DT	C	-0.03%
MDB	C	-0.03%
WSM	B	-0.03%
ZS	C	-0.03%
ZM	B	-0.03%
OKTA	C	-0.02%
CELH	F	-0.02%
CRBG	B	-0.02%
PSTG	D	-0.02%
ENTG	D	-0.02%
SNAP	C	-0.02%
MANH	D	-0.01%
NTNX	A	-0.01%
BSY	D	-0.01%
IOT	A	-0.0%