SPY vs. SSPY ETF Comparison

Comparison of SPDR S&P 500 (SPY) to Syntax Stratified LargeCap ETF (SSPY)

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

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$82.04

Average Daily Volume

2,303

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	SPY	SSPY
30 Days	3.03%	4.23%
60 Days	4.54%	1.79%
90 Days	6.26%	3.72%
12 Months	32.65%	23.81%

498 Overlapping Holdings

Symbol	Grade	Weight in SPY	Weight in SSPY	Overlap
A	D	0.08%	0.15%	0.08%
AAPL	C	6.89%	0.5%	0.5%
ABBV	D	0.6%	0.24%	0.24%
ABNB	C	0.12%	0.12%	0.12%
ABT	B	0.4%	0.06%	0.06%
ACGL	D	0.07%	0.14%	0.07%
ACN	C	0.45%	0.13%	0.13%
ADBE	C	0.47%	0.16%	0.16%
ADI	D	0.21%	0.22%	0.21%
ADM	D	0.05%	0.37%	0.05%
ADP	B	0.24%	0.21%	0.21%
ADSK	A	0.13%	0.17%	0.13%
AEE	A	0.05%	0.08%	0.05%
AEP	D	0.1%	0.24%	0.1%
AES	F	0.02%	0.32%	0.02%
AFL	B	0.11%	0.2%	0.11%
AIG	B	0.1%	0.2%	0.1%
AIZ	A	0.02%	0.2%	0.02%
AJG	B	0.13%	0.03%	0.03%
AKAM	D	0.03%	0.27%	0.03%
ALB	C	0.02%	0.05%	0.02%
ALGN	D	0.03%	0.1%	0.03%
ALL	A	0.1%	0.2%	0.1%
ALLE	D	0.02%	0.08%	0.02%
AMAT	F	0.31%	0.18%	0.18%
AMCR	D	0.03%	0.13%	0.03%
AMD	F	0.45%	0.14%	0.14%
AME	A	0.09%	0.13%	0.09%
AMGN	D	0.32%	0.24%	0.24%
AMP	A	0.11%	0.08%	0.08%
AMT	D	0.18%	0.06%	0.06%
AMZN	C	3.92%	0.22%	0.22%
ANET	C	0.2%	0.21%	0.2%
ANSS	B	0.06%	0.17%	0.06%
AON	A	0.16%	0.04%	0.04%
AOS	F	0.02%	0.21%	0.02%
APA	D	0.02%	0.07%	0.02%
APD	A	0.14%	0.05%	0.05%
APH	A	0.17%	0.19%	0.17%
APTV	D	0.03%	0.4%	0.03%
ARE	D	0.03%	0.11%	0.03%
ATO	A	0.04%	0.33%	0.04%
AVB	B	0.06%	0.1%	0.06%
AVGO	D	1.58%	0.23%	0.23%
AVY	D	0.03%	0.06%	0.03%
AWK	D	0.05%	0.32%	0.05%
AXON	A	0.09%	0.09%	0.09%
AXP	A	0.32%	0.04%	0.04%
AZO	C	0.11%	0.14%	0.11%
BA	F	0.2%	0.16%	0.16%
BAC	A	0.62%	0.12%	0.12%
BALL	D	0.04%	0.13%	0.04%
BAX	D	0.03%	0.05%	0.03%
BBY	D	0.04%	0.17%	0.04%
BDX	F	0.13%	0.05%	0.05%
BEN	C	0.01%	0.09%	0.01%
BG	F	0.02%	0.37%	0.02%
BIIB	F	0.05%	0.24%	0.05%
BK	A	0.11%	0.11%	0.11%
BKNG	A	0.33%	0.11%	0.11%
BKR	B	0.09%	0.35%	0.09%
BLDR	D	0.04%	0.19%	0.04%
BLK	C	0.29%	0.08%	0.08%
BMY	B	0.24%	0.25%	0.24%
BR	A	0.05%	0.11%	0.05%
BRK.A	B	1.7%	0.5%	0.5%
BRO	B	0.05%	0.04%	0.04%
BSX	B	0.26%	0.06%	0.06%
BWA	D	0.02%	0.42%	0.02%
BX	A	0.26%	0.08%	0.08%
BXP	D	0.02%	0.11%	0.02%
C	A	0.26%	0.13%	0.13%
CAG	D	0.03%	0.21%	0.03%
CAH	B	0.06%	0.19%	0.06%
CARR	D	0.13%	0.08%	0.08%
CAT	B	0.37%	0.14%	0.14%
CB	C	0.21%	0.14%	0.14%
CBOE	B	0.04%	0.04%	0.04%
CBRE	B	0.08%	0.04%	0.04%
CCI	D	0.09%	0.06%	0.06%
CCL	B	0.05%	0.09%	0.05%
CDNS	B	0.16%	0.33%	0.16%
CDW	F	0.05%	0.13%	0.05%
CE	F	0.02%	0.07%	0.02%
CEG	D	0.14%	0.38%	0.14%
CF	B	0.03%	0.09%	0.03%
CFG	B	0.04%	0.06%	0.04%
CHD	B	0.05%	0.42%	0.05%
CHRW	C	0.03%	0.09%	0.03%
CHTR	C	0.08%	0.47%	0.08%
CI	F	0.18%	0.19%	0.18%
CINF	A	0.05%	0.14%	0.05%
CL	D	0.15%	0.41%	0.15%
CLX	B	0.04%	0.41%	0.04%
CMCSA	B	0.33%	0.52%	0.33%
CME	A	0.16%	0.04%	0.04%
CMG	B	0.16%	0.5%	0.16%
CMI	A	0.1%	0.08%	0.08%
CMS	C	0.04%	0.08%	0.04%
CNC	D	0.06%	0.26%	0.06%
CNP	B	0.04%	0.26%	0.04%
COF	B	0.14%	0.7%	0.14%
COP	C	0.26%	0.07%	0.07%
COR	B	0.08%	0.18%	0.08%
COST	B	0.81%	0.71%	0.71%
CPAY	A	0.05%	0.04%	0.04%
CPB	D	0.02%	0.2%	0.02%
CPRT	A	0.1%	0.23%	0.1%
CPT	B	0.03%	0.11%	0.03%
CRL	C	0.02%	0.14%	0.02%
CRM	B	0.64%	0.35%	0.35%
CRWD	B	0.16%	0.18%	0.16%
CSCO	B	0.46%	0.21%	0.21%
CSGP	D	0.06%	0.04%	0.04%
CSX	B	0.14%	0.08%	0.08%
CTAS	B	0.15%	0.18%	0.15%
CTLT	B	0.02%	0.25%	0.02%
CTRA	B	0.04%	0.17%	0.04%
CTSH	B	0.08%	0.13%	0.08%
CTVA	C	0.08%	0.08%	0.08%
CVS	D	0.14%	0.69%	0.14%
CVX	A	0.55%	0.76%	0.55%
CZR	F	0.02%	0.07%	0.02%
D	C	0.09%	0.24%	0.09%
DAL	C	0.08%	0.28%	0.08%
DAY	B	0.02%	0.22%	0.02%
DD	D	0.07%	0.05%	0.05%
DE	A	0.2%	0.13%	0.13%
DECK	A	0.05%	0.3%	0.05%
DELL	C	0.08%	0.17%	0.08%
DFS	B	0.09%	0.69%	0.09%
DG	F	0.03%	0.17%	0.03%
DGX	A	0.03%	0.16%	0.03%
DHI	D	0.1%	0.24%	0.1%
DHR	F	0.31%	0.1%	0.1%
DIS	B	0.39%	0.21%	0.21%
DLR	B	0.11%	0.26%	0.11%
DLTR	F	0.03%	0.17%	0.03%
DOC	D	0.03%	0.11%	0.03%
DOV	A	0.06%	0.17%	0.06%
DOW	F	0.06%	0.07%	0.06%
DPZ	C	0.03%	0.52%	0.03%
DRI	B	0.04%	0.51%	0.04%
DTE	C	0.05%	0.25%	0.05%
DUK	C	0.17%	0.07%	0.07%
DVA	B	0.01%	0.11%	0.01%
DVN	F	0.05%	0.16%	0.05%
DXCM	D	0.06%	0.1%	0.06%
EA	A	0.08%	0.49%	0.08%
EBAY	D	0.06%	0.22%	0.06%
ECL	D	0.12%	0.05%	0.05%
ED	D	0.07%	0.24%	0.07%
EFX	F	0.06%	0.04%	0.04%
EG	C	0.03%	0.14%	0.03%
EIX	B	0.06%	0.25%	0.06%
EL	F	0.03%	0.5%	0.03%
ELV	F	0.19%	0.24%	0.19%
EMN	D	0.02%	0.05%	0.02%
EMR	A	0.15%	0.03%	0.03%
ENPH	F	0.02%	0.26%	0.02%
EOG	A	0.15%	0.07%	0.07%
EPAM	C	0.03%	0.13%	0.03%
EQIX	A	0.17%	0.27%	0.17%
EQR	B	0.05%	0.1%	0.05%
EQT	B	0.05%	0.18%	0.05%
ERIE	D	0.02%	0.2%	0.02%
ES	D	0.04%	0.07%	0.04%
ESS	B	0.04%	0.1%	0.04%
ETN	A	0.29%	0.26%	0.26%
ETR	B	0.06%	0.25%	0.06%
EVRG	A	0.03%	0.08%	0.03%
EW	C	0.08%	0.06%	0.06%
EXC	C	0.08%	0.3%	0.08%
EXPD	D	0.03%	0.09%	0.03%
EXPE	B	0.05%	0.12%	0.05%
EXR	D	0.07%	0.11%	0.07%
F	C	0.09%	0.25%	0.09%
FANG	D	0.07%	0.07%	0.07%
FAST	B	0.09%	0.13%	0.09%
FCX	D	0.12%	0.3%	0.12%
FDS	B	0.04%	0.04%	0.04%
FDX	B	0.13%	0.07%	0.07%
FE	C	0.04%	0.24%	0.04%
FFIV	B	0.03%	0.21%	0.03%
FI	A	0.24%	0.06%	0.06%
FICO	B	0.11%	0.05%	0.05%
FIS	C	0.1%	0.05%	0.05%
FITB	A	0.06%	0.06%	0.06%
FMC	D	0.01%	0.09%	0.01%
FOX	A	0.01%	0.1%	0.01%
FOXA	B	0.02%	0.1%	0.02%
FRT	B	0.02%	0.06%	0.02%
FSLR	F	0.04%	0.2%	0.04%
FTNT	C	0.12%	0.17%	0.12%
FTV	C	0.05%	0.03%	0.03%
GD	F	0.15%	0.16%	0.15%
GDDY	A	0.05%	0.27%	0.05%
GE	D	0.38%	0.17%	0.17%
GEHC	F	0.08%	0.1%	0.08%
GEN	B	0.03%	0.17%	0.03%
GEV	B	0.18%	0.18%	0.18%
GILD	C	0.23%	0.25%	0.23%
GIS	D	0.07%	0.21%	0.07%
GL	B	0.02%	0.2%	0.02%
GLW	B	0.07%	0.19%	0.07%
GM	B	0.13%	0.25%	0.13%
GNRC	B	0.02%	0.08%	0.02%
GOOG	C	1.69%	0.23%	0.23%
GOOGL	C	2.04%	0.23%	0.23%
GPC	D	0.03%	0.15%	0.03%
GPN	B	0.06%	0.04%	0.04%
GRMN	B	0.06%	0.33%	0.06%
GS	A	0.37%	0.25%	0.25%
GWW	B	0.1%	0.12%	0.1%
HAL	C	0.05%	0.34%	0.05%
HAS	D	0.02%	0.26%	0.02%
HBAN	A	0.05%	0.06%	0.05%
HCA	F	0.13%	0.33%	0.13%
HD	A	0.8%	0.26%	0.26%
HES	B	0.08%	0.07%	0.07%
HIG	B	0.07%	0.14%	0.07%
HII	D	0.02%	0.08%	0.02%
HLT	A	0.12%	0.12%	0.12%
HOLX	D	0.04%	0.1%	0.04%
HON	B	0.3%	0.17%	0.17%
HPE	B	0.06%	0.19%	0.06%
HPQ	B	0.07%	0.35%	0.07%
HRL	D	0.02%	0.36%	0.02%
HSIC	B	0.02%	0.2%	0.02%
HST	C	0.02%	0.11%	0.02%
HSY	F	0.05%	0.18%	0.05%
HUBB	B	0.05%	0.26%	0.05%
HUM	C	0.07%	0.26%	0.07%
HWM	A	0.09%	0.08%	0.08%
IBM	C	0.38%	0.34%	0.34%
ICE	C	0.18%	0.04%	0.04%
IDXX	F	0.07%	0.1%	0.07%
IEX	B	0.03%	0.2%	0.03%
IFF	D	0.05%	0.05%	0.05%
INCY	C	0.02%	0.25%	0.02%
INTC	D	0.21%	0.16%	0.16%
INTU	C	0.39%	0.2%	0.2%
INVH	D	0.04%	0.1%	0.04%
IP	B	0.04%	0.06%	0.04%
IPG	D	0.02%	0.34%	0.02%
IQV	D	0.07%	0.14%	0.07%
IR	B	0.08%	0.2%	0.08%
IRM	D	0.07%	0.06%	0.06%
ISRG	A	0.38%	0.12%	0.12%
IT	C	0.08%	0.13%	0.08%
ITW	B	0.14%	0.17%	0.14%
IVZ	B	0.02%	0.09%	0.02%
J	F	0.04%	0.4%	0.04%
JBHT	C	0.03%	0.08%	0.03%
JBL	B	0.03%	0.38%	0.03%
JCI	C	0.11%	0.08%	0.08%
JKHY	D	0.02%	0.05%	0.02%
JNJ	D	0.73%	0.24%	0.24%
JNPR	F	0.03%	0.2%	0.03%
JPM	A	1.37%	0.13%	0.13%
K	A	0.04%	0.18%	0.04%
KDP	D	0.07%	0.24%	0.07%
KEY	B	0.04%	0.06%	0.04%
KEYS	A	0.05%	0.21%	0.05%
KHC	F	0.06%	0.21%	0.06%
KIM	A	0.03%	0.06%	0.03%
KKR	A	0.2%	0.09%	0.09%
KLAC	D	0.17%	0.17%	0.17%
KMB	D	0.09%	0.42%	0.09%
KMI	A	0.1%	0.25%	0.1%
KMX	B	0.02%	0.14%	0.02%
KO	D	0.48%	0.25%	0.25%
KR	B	0.08%	0.74%	0.08%
KVUE	A	0.09%	0.42%	0.09%
L	A	0.03%	0.49%	0.03%
LDOS	C	0.04%	0.13%	0.04%
LEN	D	0.08%	0.25%	0.08%
LH	C	0.04%	0.16%	0.04%
LHX	C	0.09%	0.08%	0.08%
LIN	D	0.43%	0.04%	0.04%
LKQ	D	0.02%	0.14%	0.02%
LLY	F	1.23%	0.23%	0.23%
LMT	D	0.23%	0.09%	0.09%
LNT	A	0.03%	0.08%	0.03%
LOW	D	0.31%	0.26%	0.26%
LULU	C	0.08%	0.31%	0.08%
LUV	C	0.04%	0.25%	0.04%
LVS	C	0.03%	0.08%	0.03%
LW	C	0.02%	0.22%	0.02%
LYB	F	0.04%	0.07%	0.04%
LYV	A	0.04%	0.09%	0.04%
MA	C	0.85%	0.04%	0.04%
MAA	B	0.04%	0.1%	0.04%
MAR	B	0.13%	0.12%	0.12%
MAS	D	0.03%	0.19%	0.03%
MCD	D	0.43%	0.5%	0.43%
MCHP	D	0.07%	0.14%	0.07%
MCK	B	0.16%	0.18%	0.16%
MCO	B	0.15%	0.04%	0.04%
MDLZ	F	0.17%	0.18%	0.17%
MDT	D	0.22%	0.06%	0.06%
MET	A	0.1%	0.21%	0.1%
META	D	2.5%	0.47%	0.47%
MGM	D	0.02%	0.07%	0.02%
MHK	D	0.01%	0.19%	0.01%
MKC	D	0.04%	0.21%	0.04%
MKTX	D	0.02%	0.04%	0.02%
MLM	B	0.07%	0.17%	0.07%
MMC	B	0.22%	0.04%	0.04%
MMM	D	0.14%	0.17%	0.14%
MNST	C	0.08%	0.25%	0.08%
MO	A	0.19%	0.35%	0.19%
MOH	F	0.04%	0.25%	0.04%
MOS	F	0.02%	0.08%	0.02%
MPC	D	0.11%	0.49%	0.11%
MPWR	F	0.06%	0.22%	0.06%
MRK	F	0.5%	0.24%	0.24%
MRNA	F	0.03%	0.24%	0.03%
MRO	B	0.03%	0.07%	0.03%
MS	A	0.33%	0.26%	0.26%
MSCI	C	0.09%	0.04%	0.04%
MSFT	F	6.3%	0.32%	0.32%
MSI	B	0.16%	0.49%	0.16%
MTB	A	0.07%	0.06%	0.06%
MTCH	D	0.02%	0.47%	0.02%
MTD	D	0.05%	0.15%	0.05%
MU	D	0.22%	0.15%	0.15%
NCLH	B	0.02%	0.09%	0.02%
NDAQ	A	0.06%	0.04%	0.04%
NDSN	B	0.03%	0.03%	0.03%
NEE	D	0.31%	0.24%	0.24%
NEM	D	0.09%	0.25%	0.09%
NFLX	A	0.71%	0.22%	0.22%
NI	A	0.03%	0.33%	0.03%
NKE	D	0.18%	0.33%	0.18%
NOC	D	0.14%	0.09%	0.09%
NOW	A	0.43%	0.22%	0.22%
NRG	B	0.04%	0.33%	0.04%
NSC	B	0.12%	0.08%	0.08%
NTAP	C	0.05%	0.17%	0.05%
NTRS	A	0.04%	0.08%	0.04%
NUE	C	0.07%	0.26%	0.07%
NVDA	C	7.17%	0.13%	0.13%
NVR	D	0.06%	0.26%	0.06%
NWS	B	0.01%	0.1%	0.01%
NWSA	B	0.02%	0.1%	0.02%
NXPI	D	0.11%	0.23%	0.11%
O	D	0.1%	0.07%	0.07%
ODFL	B	0.08%	0.08%	0.08%
OKE	A	0.13%	0.24%	0.13%
OMC	C	0.04%	0.34%	0.04%
ON	D	0.06%	0.23%	0.06%
ORCL	B	0.59%	0.34%	0.34%
ORLY	B	0.14%	0.14%	0.14%
OTIS	C	0.08%	0.08%	0.08%
OXY	D	0.07%	0.07%	0.07%
PANW	C	0.25%	0.16%	0.16%
PARA	C	0.01%	0.2%	0.01%
PAYC	B	0.02%	0.22%	0.02%
PAYX	C	0.09%	0.21%	0.09%
PCAR	B	0.12%	0.13%	0.12%
PCG	A	0.09%	0.08%	0.08%
PEG	A	0.09%	0.26%	0.09%
PEP	F	0.45%	0.18%	0.18%
PFE	D	0.29%	0.24%	0.24%
PFG	D	0.04%	0.21%	0.04%
PG	A	0.78%	0.42%	0.42%
PGR	A	0.3%	0.19%	0.19%
PH	A	0.18%	0.08%	0.08%
PHM	D	0.05%	0.25%	0.05%
PKG	A	0.04%	0.06%	0.04%
PLD	D	0.21%	0.06%	0.06%
PLTR	B	0.24%	0.23%	0.23%
PM	B	0.4%	0.35%	0.35%
PNC	B	0.16%	0.06%	0.06%
PNR	A	0.03%	0.19%	0.03%
PNW	B	0.02%	0.07%	0.02%
PODD	C	0.04%	0.1%	0.04%
POOL	C	0.03%	0.13%	0.03%
PPG	F	0.06%	0.07%	0.06%
PPL	B	0.05%	0.08%	0.05%
PRU	A	0.09%	0.2%	0.09%
PSA	D	0.1%	0.11%	0.1%
PSX	C	0.11%	0.51%	0.11%
PTC	A	0.05%	0.17%	0.05%
PWR	A	0.09%	0.4%	0.09%
PYPL	B	0.17%	0.06%	0.06%
QCOM	F	0.36%	0.22%	0.22%
QRVO	F	0.01%	0.21%	0.01%
RCL	A	0.11%	0.09%	0.09%
REG	B	0.02%	0.06%	0.02%
REGN	F	0.16%	0.22%	0.16%
RF	A	0.05%	0.06%	0.05%
RJF	A	0.06%	0.25%	0.06%
RL	B	0.02%	0.32%	0.02%
RMD	C	0.07%	0.09%	0.07%
ROK	B	0.06%	0.03%	0.03%
ROL	B	0.03%	0.18%	0.03%
ROP	B	0.12%	0.03%	0.03%
ROST	C	0.09%	0.72%	0.09%
RSG	A	0.08%	0.18%	0.08%
RTX	C	0.31%	0.08%	0.08%
RVTY	F	0.03%	0.1%	0.03%
SBAC	D	0.05%	0.06%	0.05%
SBUX	A	0.22%	0.48%	0.22%
SCHW	B	0.24%	0.25%	0.24%
SHW	A	0.18%	0.06%	0.06%
SJM	D	0.02%	0.21%	0.02%
SLB	C	0.12%	0.35%	0.12%
SMCI	F	0.02%	0.15%	0.02%
SNA	A	0.04%	0.25%	0.04%
SNPS	B	0.17%	0.34%	0.17%
SO	D	0.19%	0.08%	0.08%
SOLV	C	0.02%	0.05%	0.02%
SPG	B	0.11%	0.07%	0.07%
SPGI	C	0.32%	0.04%	0.04%
SRE	A	0.11%	0.08%	0.08%
STE	F	0.04%	0.12%	0.04%
STLD	B	0.04%	0.27%	0.04%
STT	A	0.06%	0.12%	0.06%
STX	D	0.04%	0.17%	0.04%
STZ	D	0.08%	0.25%	0.08%
SW	A	0.05%	0.07%	0.05%
SWK	D	0.03%	0.27%	0.03%
SWKS	F	0.03%	0.21%	0.03%
SYF	B	0.05%	0.69%	0.05%
SYK	C	0.26%	0.12%	0.12%
SYY	B	0.07%	0.75%	0.07%
T	A	0.32%	0.33%	0.32%
TAP	C	0.02%	0.25%	0.02%
TDG	D	0.14%	0.08%	0.08%
TDY	B	0.04%	0.03%	0.03%
TECH	D	0.02%	0.15%	0.02%
TER	D	0.03%	0.17%	0.03%
TFC	A	0.12%	0.06%	0.06%
TFX	F	0.02%	0.05%	0.02%
TGT	F	0.14%	0.17%	0.14%
TJX	A	0.27%	0.72%	0.27%
TMO	F	0.4%	0.14%	0.14%
TMUS	B	0.23%	0.33%	0.23%
TPR	B	0.03%	0.33%	0.03%
TRGP	B	0.08%	0.24%	0.08%
TRMB	B	0.03%	0.03%	0.03%
TROW	B	0.05%	0.09%	0.05%
TRV	B	0.12%	0.14%	0.12%
TSCO	D	0.06%	0.12%	0.06%
TSLA	B	1.72%	0.28%	0.28%
TSN	B	0.04%	0.36%	0.04%
TT	A	0.18%	0.07%	0.07%
TTWO	A	0.06%	0.49%	0.06%
TXN	C	0.37%	0.23%	0.23%
TXT	D	0.03%	0.16%	0.03%
TYL	B	0.05%	0.22%	0.05%
UAL	A	0.06%	0.28%	0.06%
UBER	D	0.3%	0.11%	0.11%
UDR	B	0.03%	0.1%	0.03%
UHS	D	0.02%	0.32%	0.02%
ULTA	F	0.04%	0.17%	0.04%
UNH	C	1.09%	0.26%	0.26%
UNP	C	0.28%	0.08%	0.08%
UPS	C	0.19%	0.09%	0.09%
URI	B	0.11%	0.14%	0.11%
USB	A	0.16%	0.06%	0.06%
V	A	1.02%	0.04%	0.04%
VICI	C	0.07%	0.06%	0.06%
VLO	C	0.09%	0.5%	0.09%
VLTO	D	0.05%	0.03%	0.03%
VMC	B	0.07%	0.17%	0.07%
VRSK	A	0.08%	0.04%	0.04%
VRSN	F	0.03%	0.27%	0.03%
VRTX	F	0.25%	0.23%	0.23%
VST	B	0.09%	0.41%	0.09%
VTR	C	0.05%	0.11%	0.05%
VTRS	A	0.03%	0.24%	0.03%
VZ	C	0.34%	0.33%	0.33%
WAB	B	0.07%	0.13%	0.07%
WAT	B	0.04%	0.15%	0.04%
WBA	F	0.01%	0.64%	0.01%
WBD	C	0.04%	0.19%	0.04%
WDC	D	0.04%	0.17%	0.04%
WEC	A	0.06%	0.07%	0.06%
WELL	A	0.15%	0.11%	0.11%
WFC	A	0.49%	0.13%	0.13%
WM	A	0.16%	0.18%	0.16%
WMB	A	0.13%	0.25%	0.13%
WMT	A	0.73%	0.73%	0.73%
WRB	A	0.04%	0.14%	0.04%
WST	C	0.05%	0.05%	0.05%
WTW	B	0.06%	0.03%	0.03%
WY	D	0.04%	0.17%	0.04%
WYNN	D	0.02%	0.08%	0.02%
XEL	A	0.08%	0.08%	0.08%
XOM	B	1.06%	0.77%	0.77%
XYL	D	0.06%	0.19%	0.06%
YUM	B	0.08%	0.51%	0.08%
ZBH	C	0.04%	0.12%	0.04%
ZBRA	B	0.04%	0.13%	0.04%
ZTS	D	0.16%	0.25%	0.16%

SPY Overweight 1 Positions Relative to SSPY

	Symbol	Grade	Weight
	LRCX	F	0.19%

SPY Underweight 2 Positions Relative to SSPY

	Symbol	Grade	Weight
	TEL	B	-0.19%
	BBWI	D	-0.19%