SPYG vs. RAYD ETF Comparison

Comparison of SPDR S&P 500 Growth ETF (based on S&P 500 Growth Index) (SPYG) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

SPYG

SPDR S&P 500 Growth ETF (based on S&P 500 Growth Index)

SPYG Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "growth" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Growth Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization growth sector in the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$86.30

Average Daily Volume

2,018,364

Number of Holdings ^*

231

* may have additional holdings in another (foreign) market

RAYD

The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF

RAYD Description

The Advisors' Inner Circle Fund III - Rayliant Quantitative Developed Market Equity ETF is an exchange traded fund launched by The Advisors Inner Circle Fund III. The fund is managed by Rayliant Investment Research. The fund invests in public equity markets across global developed region. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs quantitative analysis to create its portfolio. The fund employs proprietary and external research to create its portfolio. The Advisors' Inner Circle Fund III - Rayliant Quantitative Developed Market Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$32.43

Average Daily Volume

4,090

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	SPYG	RAYD
30 Days	3.28%	4.23%
60 Days	4.99%	5.09%
90 Days	6.37%	6.59%
12 Months	37.95%	37.58%

42 Overlapping Holdings

Symbol	Grade	Weight in SPYG	Weight in RAYD	Overlap
AAPL	C	11.97%	5.42%	5.42%
ABBV	D	0.38%	0.42%	0.38%
ADP	B	0.17%	0.86%	0.17%
AMZN	C	6.82%	3.47%	3.47%
AZO	C	0.13%	0.29%	0.13%
BKNG	A	0.58%	1.88%	0.58%
CL	D	0.1%	0.95%	0.1%
CMG	B	0.28%	0.36%	0.28%
COST	B	0.59%	2.39%	0.59%
CRWD	B	0.27%	0.55%	0.27%
DECK	A	0.09%	0.43%	0.09%
DFS	B	0.08%	0.51%	0.08%
DXCM	D	0.06%	0.18%	0.06%
ERIE	D	0.02%	0.16%	0.02%
FICO	B	0.2%	0.47%	0.2%
FTNT	C	0.21%	0.58%	0.21%
GDDY	A	0.09%	0.29%	0.09%
GOOG	C	2.94%	0.39%	0.39%
GOOGL	C	3.55%	2.82%	2.82%
GRMN	B	0.06%	0.35%	0.06%
HCA	F	0.11%	0.98%	0.11%
LLY	F	2.14%	1.51%	1.51%
LULU	C	0.13%	0.18%	0.13%
MCO	B	0.12%	0.29%	0.12%
META	D	4.35%	1.48%	1.48%
MRK	F	0.34%	0.51%	0.34%
MSFT	F	10.95%	4.67%	4.67%
MSI	B	0.17%	0.79%	0.17%
NFLX	A	1.24%	0.64%	0.64%
NOW	A	0.74%	0.32%	0.32%
NTAP	C	0.03%	0.21%	0.03%
NVDA	C	12.46%	5.62%	5.62%
PANW	C	0.44%	0.45%	0.44%
PG	A	0.53%	0.54%	0.53%
PGR	A	0.26%	1.11%	0.26%
PM	B	0.25%	0.79%	0.25%
STX	D	0.03%	0.18%	0.03%
TRGP	B	0.14%	0.6%	0.14%
UBER	D	0.52%	0.21%	0.21%
UNH	C	0.72%	0.19%	0.19%
V	A	1.17%	0.48%	0.48%
VRSN	F	0.03%	0.26%	0.03%

SPYG Overweight 189 Positions Relative to RAYD

Symbol	Grade	Weight
TSLA	B	2.98%
AVGO	D	2.74%
CRM	B	1.11%
MA	C	1.07%
ORCL	B	1.03%
ADBE	C	0.81%
AMD	F	0.78%
INTU	C	0.68%
AMAT	F	0.53%
HD	A	0.51%
ISRG	A	0.43%
ACN	C	0.42%
PLTR	B	0.41%
AXP	A	0.39%
LIN	D	0.39%
CAT	B	0.38%
KKR	A	0.35%
LRCX	F	0.34%
ANET	C	0.34%
KO	D	0.33%
QCOM	F	0.33%
BX	A	0.32%
MCD	D	0.32%
ETN	A	0.31%
COP	C	0.31%
KLAC	D	0.3%
TJX	A	0.3%
CDNS	B	0.29%
GE	D	0.29%
SNPS	B	0.29%
SYK	C	0.29%
VRTX	F	0.28%
PEP	F	0.28%
TMO	F	0.27%
TDG	D	0.25%
SPGI	C	0.25%
TXN	C	0.24%
PH	A	0.24%
BSX	B	0.24%
MAR	B	0.23%
SBUX	A	0.23%
FI	A	0.22%
TT	A	0.22%
UNP	C	0.22%
HLT	A	0.21%
ADI	D	0.21%
URI	B	0.2%
MMC	B	0.2%
DE	A	0.2%
RCL	A	0.19%
EOG	A	0.18%
ORLY	B	0.18%
DHI	D	0.17%
APH	A	0.17%
REGN	F	0.17%
CPRT	A	0.17%
SHW	A	0.16%
ROST	C	0.16%
VST	B	0.16%
NXPI	D	0.15%
AXON	A	0.15%
ZTS	D	0.15%
PCAR	B	0.15%
BA	F	0.15%
GWW	B	0.14%
HES	B	0.14%
EQIX	A	0.14%
CTAS	B	0.14%
IT	C	0.14%
AON	A	0.14%
ODFL	B	0.14%
MDLZ	F	0.13%
AMT	D	0.13%
ACGL	D	0.13%
WM	A	0.13%
GEV	B	0.13%
OKE	A	0.13%
NKE	D	0.13%
ITW	B	0.12%
ADSK	A	0.12%
CSX	B	0.12%
FCX	D	0.11%
CEG	D	0.11%
ECL	D	0.11%
IR	B	0.11%
FANG	D	0.11%
PWR	A	0.11%
AJG	B	0.11%
MPWR	F	0.1%
CME	A	0.1%
MPC	D	0.1%
AMP	A	0.1%
ABNB	C	0.1%
CARR	D	0.1%
CPAY	A	0.09%
ROP	B	0.09%
TYL	B	0.09%
WMB	A	0.09%
FTV	C	0.09%
NVR	D	0.09%
PHM	D	0.09%
HWM	A	0.09%
MSCI	C	0.09%
NUE	C	0.08%
PSA	D	0.08%
VRSK	A	0.08%
DLR	B	0.08%
EXPE	B	0.08%
LEN	D	0.08%
DAL	C	0.08%
FAST	B	0.08%
MNST	C	0.08%
MLM	B	0.08%
VMC	B	0.08%
RSG	A	0.08%
WST	C	0.08%
IDXX	F	0.07%
SPG	B	0.07%
LYV	A	0.07%
BRO	B	0.07%
DELL	C	0.07%
MCHP	D	0.07%
BLDR	D	0.07%
AME	A	0.07%
ANSS	B	0.06%
IRM	D	0.06%
EA	A	0.06%
CCL	B	0.06%
CHTR	C	0.06%
YUM	B	0.06%
PAYX	C	0.06%
CSGP	D	0.05%
CBOE	B	0.05%
IQV	D	0.05%
PTC	A	0.05%
EW	C	0.05%
TTWO	A	0.05%
BR	A	0.05%
OTIS	C	0.05%
ROK	B	0.05%
DRI	B	0.04%
LVS	C	0.04%
MOH	F	0.04%
HUBB	B	0.04%
NCLH	B	0.04%
ULTA	F	0.04%
CHD	B	0.04%
STE	F	0.04%
PNR	A	0.04%
CTRA	B	0.04%
STLD	B	0.04%
TSCO	D	0.04%
ON	D	0.04%
EFX	F	0.04%
HST	C	0.03%
LW	C	0.03%
POOL	C	0.03%
CE	F	0.03%
JBL	B	0.03%
WAT	B	0.03%
APA	D	0.03%
CF	B	0.03%
SNA	A	0.03%
MRO	B	0.03%
ALGN	D	0.03%
WYNN	D	0.03%
FDS	B	0.03%
SMCI	F	0.03%
MAS	D	0.03%
SBAC	D	0.03%
MTD	D	0.03%
HSY	F	0.03%
CDW	F	0.03%
ALLE	D	0.02%
RL	B	0.02%
PAYC	B	0.02%
CZR	F	0.02%
AOS	F	0.02%
EPAM	C	0.02%
MGM	D	0.02%
ROL	B	0.02%
DPZ	C	0.02%
AKAM	D	0.02%
EXPD	D	0.02%
DAY	B	0.02%
GNRC	B	0.02%
PODD	C	0.02%
ENPH	F	0.01%
DVA	B	0.01%

SPYG Underweight 69 Positions Relative to RAYD

Symbol	Grade	Weight
SPOT	B	-2.2%
BRBR	A	-1.62%
MELI	D	-1.39%
MO	A	-1.32%
MCK	B	-1.25%
SFM	A	-1.19%
MMM	D	-1.18%
T	A	-1.15%
COKE	C	-0.99%
MUSA	A	-0.92%
CVLT	B	-0.87%
ALL	A	-0.82%
THC	D	-0.8%
APP	B	-0.74%
EVR	B	-0.72%
MORN	B	-0.68%
MU	D	-0.66%
EXEL	B	-0.63%
DASH	A	-0.62%
HRB	D	-0.56%
COR	B	-0.56%
TEAM	A	-0.49%
ANF	C	-0.48%
MTG	C	-0.48%
LMT	D	-0.45%
WING	D	-0.45%
JNJ	D	-0.39%
RBLX	C	-0.38%
ALNY	D	-0.36%
GM	B	-0.35%
WFRD	D	-0.35%
ORI	A	-0.35%
GRAB	B	-0.34%
TMUS	B	-0.34%
ZM	B	-0.34%
CAH	B	-0.33%
GS	A	-0.33%
TXRH	C	-0.33%
INTC	D	-0.33%
GWRE	A	-0.31%
VEEV	C	-0.3%
CNA	B	-0.29%
SMAR	A	-0.29%
LPLA	A	-0.28%
HIG	B	-0.28%
DOCU	A	-0.26%
CHKP	D	-0.25%
HSBH	B	-0.24%
HLI	B	-0.23%
LPX	B	-0.23%
TSN	B	-0.23%
DIS	B	-0.22%
XRX	F	-0.22%
LDOS	C	-0.21%
RMD	C	-0.21%
HPQ	B	-0.2%
MANH	D	-0.2%
FTI	A	-0.2%
UTHR	C	-0.2%
LOGI	D	-0.19%
RGLD	C	-0.19%
VZ	C	-0.18%
WWD	B	-0.17%
MNDY	C	-0.16%
AER	B	-0.16%
NRG	B	-0.16%
CYBR	B	-0.16%
UHS	D	-0.16%
RPRX	D	-0.16%