SPY vs. ONOF ETF Comparison

Comparison of SPDR S&P 500 (SPY) to Global X Adaptive U.S. Risk Management ETF (ONOF)

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

$593.35

Average Daily Volume

44,032,875

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

ONOF

Global X Adaptive U.S. Risk Management ETF

ONOF Description

The investment seeks investment results that correspond generally to the price and yield performance of the Adaptive Wealth Strategies U.S. Risk Management Index. The fund invests at least 80% of its total assets in the securities of the index or in investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities, either individually or in the aggregate. The index is designed to dynamically allocate between either 100% exposure to the Solactive GBS United States 500 Index TR or 100% exposure to a portfolio of U.S. Treasuries with 1-3 years remaining to maturity. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.56

Average Daily Volume

4,845

Number of Holdings ^*

497

* may have additional holdings in another (foreign) market

Performance

Period	SPY	ONOF
30 Days	2.34%	2.64%
60 Days	5.90%	6.20%
90 Days	7.37%	7.65%
12 Months	33.73%	26.31%

428 Overlapping Holdings

	Symbol	Grade	Weight in SPY	Weight in ONOF	Overlap
	A	F	0.08%	0.08%	0.08%
	AAPL	C	6.75%	6.57%	6.57%
	ABBV	F	0.71%	0.73%	0.71%
	ABNB	C	0.12%	0.12%	0.12%
	ABT	C	0.4%	0.42%	0.4%
	ACGL	C	0.08%	0.07%	0.07%
	ACN	B	0.44%	0.47%	0.44%
	ADBE	C	0.45%	0.44%	0.44%
	ADI	D	0.22%	0.23%	0.22%
	ADM	F	0.05%	0.06%	0.05%
	ADP	A	0.25%	0.24%	0.24%
	ADSK	B	0.13%	0.13%	0.13%
	AEE	B	0.05%	0.05%	0.05%
	AEP	D	0.1%	0.11%	0.1%
	AFL	C	0.11%	0.11%	0.11%
	AIG	B	0.1%	0.1%	0.1%
	AJG	A	0.13%	0.12%	0.12%
	AKAM	F	0.03%	0.03%	0.03%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	B	0.1%	0.1%	0.1%
	AMAT	F	0.31%	0.31%	0.31%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.47%	0.46%	0.46%
	AME	A	0.09%	0.08%	0.08%
	AMGN	F	0.34%	0.35%	0.34%
	AMP	A	0.11%	0.1%	0.1%
	AMT	F	0.18%	0.2%	0.18%
	AMZN	A	3.86%	3.73%	3.73%
	ANET	C	0.22%	0.19%	0.19%
	ANSS	B	0.06%	0.06%	0.06%
	AON	B	0.17%	0.15%	0.15%
	APD	B	0.14%	0.14%	0.14%
	APH	B	0.17%	0.17%	0.17%
	APTV	F	0.03%	0.03%	0.03%
	ARE	F	0.04%	0.04%	0.04%
	ATO	B	0.04%	0.04%	0.04%
	AVB	B	0.06%	0.06%	0.06%
	AVGO	C	1.67%	1.57%	1.57%
	AVY	F	0.03%	0.03%	0.03%
	AWK	D	0.05%	0.05%	0.05%
	AXON	B	0.07%	0.06%	0.06%
	AXP	B	0.33%	0.32%	0.32%
	AZO	B	0.11%	0.11%	0.11%
	BA	F	0.21%	0.18%	0.18%
	BAC	A	0.61%	0.57%	0.57%
	BALL	D	0.04%	0.04%	0.04%
	BAX	F	0.04%	0.04%	0.04%
	BBY	C	0.04%	0.04%	0.04%
	BDX	F	0.14%	0.14%	0.14%
	BG	D	0.02%	0.02%	0.02%
	BIIB	F	0.05%	0.05%	0.05%
	BK	B	0.12%	0.12%	0.12%
	BKNG	A	0.33%	0.34%	0.33%
	BKR	B	0.08%	0.08%	0.08%
	BLDR	C	0.04%	0.04%	0.04%
	BMY	B	0.22%	0.23%	0.22%
	BR	A	0.05%	0.05%	0.05%
	BRK.A	B	1.71%	1.17%	1.17%
	BRO	B	0.05%	0.05%	0.05%
	BSX	A	0.25%	0.25%	0.25%
	BX	A	0.25%	0.24%	0.24%
	BXP	D	0.02%	0.02%	0.02%
	C	B	0.26%	0.24%	0.24%
	CAG	F	0.03%	0.03%	0.03%
	CAH	B	0.06%	0.06%	0.06%
	CARR	C	0.13%	0.12%	0.12%
	CAT	B	0.4%	0.38%	0.38%
	CB	C	0.21%	0.23%	0.21%
	CBOE	D	0.04%	0.05%	0.04%
	CBRE	B	0.08%	0.08%	0.08%
	CCI	F	0.09%	0.1%	0.09%
	CCL	B	0.05%	0.04%	0.04%
	CDNS	B	0.16%	0.16%	0.16%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.02%	0.03%	0.02%
	CEG	D	0.15%	0.15%	0.15%
	CF	B	0.03%	0.03%	0.03%
	CFG	B	0.04%	0.04%	0.04%
	CHD	A	0.05%	0.05%	0.05%
	CHTR	B	0.08%	0.07%	0.07%
	CI	D	0.18%	0.18%	0.18%
	CINF	A	0.05%	0.04%	0.04%
	CL	F	0.15%	0.16%	0.15%
	CLX	A	0.04%	0.05%	0.04%
	CMCSA	B	0.35%	0.34%	0.34%
	CME	B	0.16%	0.16%	0.16%
	CMG	B	0.16%	0.16%	0.16%
	CMI	A	0.1%	0.09%	0.09%
	CMS	D	0.04%	0.04%	0.04%
	CNC	F	0.07%	0.07%	0.07%
	CNP	B	0.04%	0.04%	0.04%
	COF	B	0.15%	0.12%	0.12%
	COP	C	0.26%	0.26%	0.26%
	COR	B	0.09%	0.08%	0.08%
	COST	B	0.79%	0.8%	0.79%
	CPAY	A	0.05%	0.05%	0.05%
	CPB	F	0.02%	0.02%	0.02%
	CPRT	A	0.1%	0.09%	0.09%
	CRM	B	0.59%	0.57%	0.57%
	CRWD	B	0.15%	0.14%	0.14%
	CSCO	A	0.46%	0.46%	0.46%
	CSGP	F	0.06%	0.06%	0.06%
	CSX	B	0.14%	0.13%	0.13%
	CTAS	B	0.15%	0.15%	0.15%
	CTRA	B	0.04%	0.03%	0.03%
	CTSH	A	0.08%	0.08%	0.08%
	CTVA	C	0.09%	0.09%	0.09%
	CVS	F	0.15%	0.14%	0.14%
	CVX	A	0.53%	0.53%	0.53%
	D	D	0.1%	0.1%	0.1%
	DAL	A	0.08%	0.07%	0.07%
	DD	D	0.07%	0.06%	0.06%
	DE	D	0.21%	0.21%	0.21%
	DECK	B	0.05%	0.06%	0.05%
	DELL	C	0.08%	0.07%	0.07%
	DFS	B	0.09%	0.08%	0.08%
	DG	F	0.03%	0.04%	0.03%
	DGX	B	0.03%	0.03%	0.03%
	DHI	D	0.1%	0.1%	0.1%
	DHR	F	0.32%	0.33%	0.32%
	DIS	B	0.36%	0.36%	0.36%
	DLR	C	0.11%	0.12%	0.11%
	DLTR	F	0.03%	0.03%	0.03%
	DOC	C	0.03%	0.03%	0.03%
	DOV	A	0.06%	0.05%	0.05%
	DOW	F	0.07%	0.07%	0.07%
	DRI	B	0.04%	0.04%	0.04%
	DTE	D	0.05%	0.05%	0.05%
	DUK	D	0.17%	0.18%	0.17%
	DVN	F	0.05%	0.05%	0.05%
	DXCM	C	0.05%	0.06%	0.05%
	EA	A	0.08%	0.07%	0.07%
	EBAY	C	0.06%	0.06%	0.06%
	ECL	C	0.12%	0.13%	0.12%
	ED	D	0.07%	0.07%	0.07%
	EFX	F	0.07%	0.07%	0.07%
	EG	D	0.03%	0.03%	0.03%
	EIX	C	0.06%	0.06%	0.06%
	EL	F	0.03%	0.03%	0.03%
	ELV	F	0.2%	0.2%	0.2%
	EMR	A	0.14%	0.13%	0.13%
	ENPH	F	0.02%	0.02%	0.02%
	EOG	A	0.14%	0.14%	0.14%
	EQIX	B	0.17%	0.17%	0.17%
	EQR	C	0.05%	0.05%	0.05%
	EQT	B	0.05%	0.03%	0.03%
	ERIE	F	0.02%	0.02%	0.02%
	ES	D	0.04%	0.04%	0.04%
	ESS	C	0.04%	0.04%	0.04%
	ETN	B	0.28%	0.27%	0.27%
	ETR	B	0.06%	0.06%	0.06%
	EVRG	A	0.03%	0.03%	0.03%
	EW	F	0.08%	0.08%	0.08%
	EXC	C	0.08%	0.08%	0.08%
	EXPD	C	0.03%	0.03%	0.03%
	EXPE	B	0.04%	0.04%	0.04%
	EXR	D	0.07%	0.07%	0.07%
	F	C	0.09%	0.08%	0.08%
	FANG	C	0.07%	0.06%	0.06%
	FAST	B	0.1%	0.09%	0.09%
	FCX	F	0.13%	0.13%	0.13%
	FDS	A	0.04%	0.04%	0.04%
	FDX	B	0.13%	0.13%	0.13%
	FE	D	0.04%	0.05%	0.04%
	FI	A	0.24%	0.24%	0.24%
	FICO	B	0.1%	0.1%	0.1%
	FIS	B	0.09%	0.1%	0.09%
	FITB	A	0.06%	0.06%	0.06%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	A	0.02%	0.02%	0.02%
	FSLR	F	0.04%	0.05%	0.04%
	FTNT	B	0.1%	0.1%	0.1%
	FTV	C	0.05%	0.05%	0.05%
	GD	C	0.16%	0.14%	0.14%
	GDDY	B	0.05%	0.05%	0.05%
	GE	D	0.39%	0.38%	0.38%
	GEHC	D	0.08%	0.08%	0.08%
	GEV	B	0.18%	0.17%	0.17%
	GILD	B	0.23%	0.23%	0.23%
	GIS	F	0.07%	0.08%	0.07%
	GLW	B	0.07%	0.07%	0.07%
	GM	B	0.12%	0.12%	0.12%
	GOOG	C	1.71%	1.84%	1.71%
	GOOGL	C	2.06%	2.04%	2.04%
	GPC	D	0.03%	0.03%	0.03%
	GPN	B	0.06%	0.05%	0.05%
	GRMN	A	0.06%	0.06%	0.06%
	GS	B	0.37%	0.34%	0.34%
	GWW	B	0.11%	0.09%	0.09%
	HAL	C	0.05%	0.05%	0.05%
	HBAN	A	0.05%	0.04%	0.04%
	HCA	D	0.13%	0.14%	0.13%
	HD	B	0.77%	0.8%	0.77%
	HES	B	0.08%	0.08%	0.08%
	HIG	C	0.07%	0.07%	0.07%
	HLT	A	0.12%	0.12%	0.12%
	HOLX	D	0.04%	0.04%	0.04%
	HON	B	0.28%	0.28%	0.28%
	HPE	B	0.06%	0.05%	0.05%
	HPQ	B	0.07%	0.07%	0.07%
	HRL	F	0.02%	0.02%	0.02%
	HSY	F	0.05%	0.05%	0.05%
	HUBB	C	0.05%	0.05%	0.05%
	HUM	D	0.07%	0.06%	0.06%
	HWM	B	0.09%	0.08%	0.08%
	IBM	D	0.39%	0.39%	0.39%
	ICE	C	0.18%	0.18%	0.18%
	IDXX	F	0.07%	0.07%	0.07%
	IEX	B	0.04%	0.03%	0.03%
	IFF	F	0.04%	0.05%	0.04%
	INCY	B	0.03%	0.03%	0.03%
	INTC	C	0.21%	0.2%	0.2%
	INTU	A	0.36%	0.35%	0.35%
	INVH	D	0.04%	0.04%	0.04%
	IQV	F	0.08%	0.08%	0.08%
	IR	A	0.08%	0.08%	0.08%
	IRM	D	0.07%	0.07%	0.07%
	ISRG	A	0.36%	0.37%	0.36%
	IT	B	0.08%	0.09%	0.08%
	ITW	B	0.15%	0.16%	0.15%
	J	D	0.04%	0.04%	0.04%
	JBHT	C	0.03%	0.03%	0.03%
	JBL	C	0.03%	0.03%	0.03%
	JCI	A	0.11%	0.1%	0.1%
	JNJ	D	0.76%	0.78%	0.76%
	JPM	A	1.4%	1.29%	1.29%
	K	A	0.04%	0.04%	0.04%
	KDP	C	0.07%	0.07%	0.07%
	KEYS	C	0.06%	0.05%	0.05%
	KHC	F	0.06%	0.05%	0.05%
	KKR	B	0.2%	0.19%	0.19%
	KLAC	F	0.18%	0.18%	0.18%
	KMB	D	0.09%	0.09%	0.09%
	KMI	B	0.1%	0.1%	0.1%
	KO	F	0.49%	0.52%	0.49%
	KR	A	0.08%	0.08%	0.08%
	KVUE	A	0.09%	0.09%	0.09%
	L	A	0.03%	0.03%	0.03%
	LDOS	C	0.05%	0.05%	0.05%
	LEN	D	0.08%	0.09%	0.08%
	LEN	D	0.08%	0.0%	0.0%
	LH	B	0.04%	0.04%	0.04%
	LHX	B	0.1%	0.1%	0.1%
	LIN	D	0.44%	0.45%	0.44%
	LLY	F	1.22%	1.41%	1.22%
	LMT	D	0.23%	0.27%	0.23%
	LNT	C	0.03%	0.03%	0.03%
	LOW	B	0.3%	0.31%	0.3%
	LRCX	F	0.2%	0.2%	0.2%
	LULU	B	0.07%	0.07%	0.07%
	LUV	B	0.04%	0.04%	0.04%
	LVS	C	0.04%	0.04%	0.04%
	LYB	F	0.04%	0.04%	0.04%
	LYV	A	0.04%	0.03%	0.03%
	MA	B	0.86%	0.86%	0.86%
	MAA	C	0.04%	0.04%	0.04%
	MAR	A	0.13%	0.13%	0.13%
	MCD	C	0.42%	0.44%	0.42%
	MCHP	F	0.08%	0.08%	0.08%
	MCK	B	0.14%	0.14%	0.14%
	MCO	C	0.14%	0.15%	0.14%
	MDLZ	F	0.18%	0.19%	0.18%
	MDT	D	0.23%	0.23%	0.23%
	MET	C	0.1%	0.1%	0.1%
	META	B	2.49%	2.53%	2.49%
	MGM	D	0.02%	0.02%	0.02%
	MKC	D	0.04%	0.04%	0.04%
	MLM	B	0.08%	0.08%	0.08%
	MMC	D	0.22%	0.22%	0.22%
	MMM	C	0.15%	0.14%	0.14%
	MNST	B	0.08%	0.08%	0.08%
	MO	A	0.18%	0.19%	0.18%
	MOH	F	0.04%	0.04%	0.04%
	MPC	D	0.1%	0.1%	0.1%
	MPWR	F	0.08%	0.08%	0.08%
	MRK	F	0.51%	0.53%	0.51%
	MRNA	F	0.03%	0.04%	0.03%
	MRO	B	0.03%	0.03%	0.03%
	MS	A	0.33%	0.3%	0.3%
	MSCI	B	0.09%	0.09%	0.09%
	MSFT	C	6.23%	6.15%	6.15%
	MSI	B	0.16%	0.16%	0.16%
	MTB	A	0.07%	0.06%	0.06%
	MTD	F	0.06%	0.06%	0.06%
	MU	D	0.25%	0.23%	0.23%
	NDAQ	B	0.06%	0.06%	0.06%
	NDSN	B	0.03%	0.03%	0.03%
	NEE	D	0.31%	0.32%	0.31%
	NEM	F	0.1%	0.11%	0.1%
	NFLX	A	0.67%	0.65%	0.65%
	NKE	F	0.18%	0.19%	0.18%
	NOC	D	0.14%	0.15%	0.14%
	NOW	A	0.41%	0.4%	0.4%
	NSC	B	0.12%	0.11%	0.11%
	NTAP	D	0.05%	0.05%	0.05%
	NTRS	A	0.04%	0.04%	0.04%
	NUE	D	0.08%	0.07%	0.07%
	NVDA	A	7.14%	6.6%	6.6%
	NVR	D	0.06%	0.06%	0.06%
	O	D	0.1%	0.11%	0.1%
	ODFL	B	0.09%	0.08%	0.08%
	OKE	A	0.12%	0.11%	0.11%
	OMC	A	0.04%	0.04%	0.04%
	ON	F	0.06%	0.06%	0.06%
	ORCL	A	0.58%	0.54%	0.54%
	ORLY	A	0.14%	0.14%	0.14%
	OTIS	D	0.08%	0.08%	0.08%
	OXY	F	0.07%	0.07%	0.07%
	PANW	B	0.25%	0.24%	0.24%
	PAYX	B	0.09%	0.09%	0.09%
	PCAR	B	0.12%	0.11%	0.11%
	PCG	A	0.09%	0.09%	0.09%
	PEG	C	0.08%	0.08%	0.08%
	PEP	D	0.45%	0.47%	0.45%
	PFE	F	0.31%	0.32%	0.31%
	PFG	C	0.04%	0.04%	0.04%
	PG	C	0.76%	0.8%	0.76%
	PGR	A	0.3%	0.29%	0.29%
	PH	A	0.18%	0.17%	0.17%
	PHM	D	0.05%	0.06%	0.05%
	PLD	D	0.21%	0.21%	0.21%
	PLTR	B	0.22%	0.17%	0.17%
	PM	B	0.39%	0.41%	0.39%
	PNC	B	0.16%	0.15%	0.15%
	PPG	F	0.06%	0.06%	0.06%
	PPL	A	0.05%	0.05%	0.05%
	PRU	B	0.09%	0.09%	0.09%
	PSA	D	0.1%	0.11%	0.1%
	PSX	C	0.11%	0.1%	0.1%
	PTC	B	0.05%	0.04%	0.04%
	PWR	B	0.09%	0.09%	0.09%
	PYPL	A	0.17%	0.17%	0.17%
	QCOM	F	0.38%	0.38%	0.38%
	RCL	A	0.11%	0.09%	0.09%
	REGN	F	0.17%	0.18%	0.17%
	RF	A	0.05%	0.04%	0.04%
	RJF	A	0.06%	0.06%	0.06%
	RMD	C	0.07%	0.08%	0.07%
	ROK	B	0.07%	0.06%	0.06%
	ROL	C	0.03%	0.03%	0.03%
	ROP	A	0.12%	0.12%	0.12%
	ROST	D	0.09%	0.09%	0.09%
	RSG	B	0.08%	0.08%	0.08%
	RTX	D	0.32%	0.32%	0.32%
	RVTY	C	0.03%	0.03%	0.03%
	SBAC	D	0.05%	0.05%	0.05%
	SBUX	B	0.22%	0.22%	0.22%
	SCHW	B	0.23%	0.22%	0.22%
	SHW	A	0.18%	0.18%	0.18%
	SLB	C	0.12%	0.12%	0.12%
	SMCI	F	0.02%	0.03%	0.02%
	SNPS	C	0.17%	0.16%	0.16%
	SO	D	0.19%	0.2%	0.19%
	SPG	A	0.11%	0.11%	0.11%
	SPGI	C	0.31%	0.31%	0.31%
	SRE	B	0.11%	0.1%	0.1%
	STE	D	0.04%	0.05%	0.04%
	STLD	C	0.04%	0.04%	0.04%
	STT	B	0.06%	0.06%	0.06%
	STX	D	0.04%	0.04%	0.04%
	STZ	D	0.07%	0.08%	0.07%
	SW	B	0.05%	0.05%	0.05%
	SWK	F	0.03%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.05%	0.05%	0.05%
	SYK	A	0.25%	0.24%	0.24%
	SYY	D	0.08%	0.08%	0.08%
	T	A	0.32%	0.32%	0.32%
	TDG	D	0.15%	0.15%	0.15%
	TDY	B	0.04%	0.04%	0.04%
	TER	F	0.04%	0.03%	0.03%
	TFC	B	0.13%	0.11%	0.11%
	TGT	C	0.14%	0.14%	0.14%
	TJX	A	0.26%	0.27%	0.26%
	TMO	F	0.43%	0.44%	0.43%
	TMUS	A	0.23%	0.22%	0.22%
	TRGP	B	0.08%	0.08%	0.08%
	TRMB	B	0.04%	0.03%	0.03%
	TROW	A	0.05%	0.05%	0.05%
	TRV	B	0.12%	0.11%	0.11%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	B	1.6%	1.37%	1.37%
	TSN	B	0.03%	0.03%	0.03%
	TT	B	0.18%	0.18%	0.18%
	TTWO	A	0.05%	0.05%	0.05%
	TXN	B	0.39%	0.38%	0.38%
	TYL	B	0.05%	0.06%	0.05%
	UAL	A	0.06%	0.06%	0.06%
	UBER	F	0.31%	0.3%	0.3%
	ULTA	C	0.04%	0.04%	0.04%
	UNH	B	1.1%	1.05%	1.05%
	UNP	D	0.3%	0.29%	0.29%
	UPS	C	0.2%	0.2%	0.2%
	URI	B	0.12%	0.11%	0.11%
	USB	B	0.16%	0.14%	0.14%
	V	A	1.02%	0.95%	0.95%
	VICI	D	0.06%	0.07%	0.06%
	VLO	C	0.09%	0.09%	0.09%
	VLTO	D	0.05%	0.05%	0.05%
	VMC	B	0.08%	0.07%	0.07%
	VRSK	A	0.08%	0.08%	0.08%
	VRSN	C	0.03%	0.03%	0.03%
	VRTX	B	0.25%	0.25%	0.25%
	VST	B	0.09%	0.08%	0.08%
	VTR	C	0.05%	0.05%	0.05%
	VTRS	B	0.03%	0.03%	0.03%
	VZ	D	0.35%	0.35%	0.35%
	WAB	B	0.07%	0.07%	0.07%
	WAT	B	0.05%	0.05%	0.05%
	WBD	B	0.04%	0.04%	0.04%
	WDC	D	0.05%	0.04%	0.04%
	WEC	B	0.06%	0.06%	0.06%
	WELL	B	0.15%	0.16%	0.15%
	WFC	A	0.49%	0.46%	0.46%
	WM	A	0.16%	0.18%	0.16%
	WMB	B	0.13%	0.13%	0.13%
	WMT	A	0.72%	0.74%	0.72%
	WRB	B	0.04%	0.04%	0.04%
	WST	B	0.05%	0.05%	0.05%
	WTW	A	0.06%	0.06%	0.06%
	WY	F	0.05%	0.05%	0.05%
	XEL	A	0.07%	0.07%	0.07%
	XOM	B	1.07%	1.09%	1.07%
	XYL	F	0.06%	0.06%	0.06%
	YUM	B	0.08%	0.08%	0.08%
	ZBH	C	0.04%	0.05%	0.04%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	D	0.15%	0.17%	0.15%

SPY Overweight 71 Positions Relative to ONOF

	Symbol	Grade	Weight
	NXPI	F	0.12%
	KEY	B	0.04%
	SNA	A	0.04%
	NRG	C	0.04%
	IP	B	0.04%
	PKG	B	0.04%
	HST	D	0.03%
	DAY	B	0.03%
	JNPR	D	0.03%
	UDR	C	0.03%
	JKHY	C	0.03%
	FFIV	B	0.03%
	POOL	D	0.03%
	DPZ	C	0.03%
	NI	A	0.03%
	GEN	B	0.03%
	KIM	A	0.03%
	TXT	D	0.03%
	PODD	B	0.03%
	PNR	A	0.03%
	MAS	D	0.03%
	FMC	F	0.02%
	MHK	D	0.02%
	BWA	B	0.02%
	HII	F	0.02%
	WYNN	C	0.02%
	HAS	D	0.02%
	RL	B	0.02%
	IVZ	B	0.02%
	FRT	B	0.02%
	CZR	F	0.02%
	MOS	D	0.02%
	HSIC	F	0.02%
	AOS	F	0.02%
	APA	F	0.02%
	TFX	F	0.02%
	MTCH	F	0.02%
	TAP	B	0.02%
	GL	B	0.02%
	LKQ	C	0.02%
	AES	F	0.02%
	PNW	A	0.02%
	SOLV	C	0.02%
	MKTX	C	0.02%
	AIZ	A	0.02%
	CTLT	D	0.02%
	NWSA	B	0.02%
	GNRC	B	0.02%
	CRL	C	0.02%
	PAYC	B	0.02%
	ALB	C	0.02%
	IPG	F	0.02%
	TPR	A	0.02%
	LW	B	0.02%
	EPAM	B	0.02%
	REG	A	0.02%
	TECH	D	0.02%
	KMX	B	0.02%
	UHS	D	0.02%
	EMN	D	0.02%
	NCLH	B	0.02%
	ALLE	D	0.02%
	SJM	F	0.02%
	CHRW	A	0.02%
	CPT	C	0.02%
	NWS	B	0.01%
	WBA	D	0.01%
	BEN	C	0.01%
	PARA	B	0.01%
	DVA	C	0.01%
	QRVO	F	0.01%

SPY Underweight 69 Positions Relative to ONOF

	Symbol	Grade	Weight
	MELI	D	-0.2%
	MRVL	B	-0.15%
	APO	B	-0.12%
	WDAY	B	-0.11%
	TTD	B	-0.11%
	SPOT	A	-0.11%
	DASH	A	-0.1%
	LNG	B	-0.09%
	MSTR	B	-0.08%
	VRT	B	-0.08%
	SQ	B	-0.08%
	FLUT	A	-0.08%
	APP	B	-0.07%
	DDOG	B	-0.07%
	ALNY	D	-0.07%
	VEEV	B	-0.07%
	TEAM	B	-0.07%
	SNOW	C	-0.07%
	COIN	B	-0.07%
	HUBS	B	-0.06%
	CPNG	B	-0.06%
	ARES	B	-0.06%
	MKL	A	-0.05%
	BAH	C	-0.05%
	ILMN	C	-0.05%
	RBLX	B	-0.05%
	NET	B	-0.05%
	FCNCA	B	-0.05%
	MDB	C	-0.04%
	LII	B	-0.04%
	PINS	F	-0.04%
	TRU	D	-0.04%
	ZM	B	-0.04%
	CSL	B	-0.04%
	LPLA	A	-0.04%
	CVNA	B	-0.04%
	TW	B	-0.03%
	HEI	A	-0.03%
	AVTR	F	-0.03%
	ENTG	F	-0.03%
	PSTG	D	-0.03%
	SSNC	C	-0.03%
	IBKR	A	-0.03%
	SUI	F	-0.03%
	RS	C	-0.03%
	WSM	F	-0.03%
	DKNG	B	-0.03%
	WSO	B	-0.03%
	ZS	B	-0.03%
	BSY	F	-0.02%
	TKO	D	-0.02%
	IOT	B	-0.02%
	SCCO	F	-0.02%
	HEI	A	-0.02%
	DOX	C	-0.02%
	RPRX	F	-0.02%
	OWL	B	-0.02%
	OKTA	C	-0.02%
	HOOD	B	-0.02%
	BMRN	F	-0.02%
	SNAP	C	-0.02%
	GFS	C	-0.01%
	WMG	B	-0.01%
	WLK	F	-0.01%
	CELH	F	-0.01%
	SIRI	C	-0.0%
	RKT	F	-0.0%
	EDR	B	-0.0%
	AGR	C	-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

ONOF: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Business Services Semiconductors Diagnostics & Research Capital Markets Software - Infrastructure Specialty Retail Asset Management Banks - Regional - US Drug Manufacturers - Major Oil & Gas E&P Aerospace & Defense Insurance - Property & Casualty Internet Content & Information Specialty Chemicals Biotechnology Credit Services Health Care Plans

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Electricity Insurance Dow Jones Component Electronics Aerospace Semiconductor Telecommunications Medicine Bank Cloud Computing Banking Chemical IBD 50 Mining Mobile Devices Real Estate Investment Trust