SPYG vs. UPAR ETF Comparison

Comparison of SPDR S&P 500 Growth ETF (based on S&P 500 Growth Index) (SPYG) to UPAR Ultra Risk Parity ETF (UPAR)

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

$82.84

Average Daily Volume

1,975,336

Number of Holdings ^*

231

* may have additional holdings in another (foreign) market

UPAR

UPAR Ultra Risk Parity ETF

UPAR Description

UPAR Ultra Risk Parity ETF is an exchange traded fund launched and managed by Toroso Investments, LLC. The fund invests in public equity, fixed income and commodity markets of global region. For its equity portion, it invests directly, through derivatives and through other funds in stocks of companies operating across diversified sectors. The fund uses derivatives such as futures to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, the fund invests directly and through derivatives in U.S. treasury inflation protected securities and U.S. treasury securities of varying maturities. For its commodity portion, it invests directly and through other funds in gold. UPAR Ultra Risk Parity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.64

Average Daily Volume

21,572

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPYG	UPAR
30 Days	6.30%	2.77%
60 Days	13.07%	5.88%
90 Days	0.02%	6.41%
12 Months	40.79%	30.94%

10 Overlapping Holdings

Symbol	Grade	Weight in SPYG	Weight in UPAR	Overlap
CF	A	0.03%	0.22%	0.03%
COP	D	0.31%	0.41%	0.31%
CTRA	D	0.04%	0.05%	0.04%
DE	C	0.22%	1.69%	0.22%
ECL	C	0.12%	0.36%	0.12%
ENPH	F	0.02%	0.24%	0.02%
EOG	B	0.17%	0.23%	0.17%
FANG	D	0.11%	0.1%	0.1%
FCX	B	0.13%	0.72%	0.13%
HES	D	0.14%	0.13%	0.13%

SPYG Overweight 221 Positions Relative to UPAR

Symbol	Grade	Weight
AAPL	C	12.81%
MSFT	D	11.57%
NVDA	B	10.8%
AMZN	C	6.29%
META	A	4.52%
GOOGL	B	3.51%
AVGO	B	2.9%
GOOG	B	2.9%
TSLA	C	2.62%
LLY	D	2.53%
V	B	1.1%
NFLX	A	1.1%
MA	A	1.06%
ORCL	A	0.99%
CRM	B	0.96%
AMD	C	0.96%
ADBE	F	0.83%
UNH	B	0.74%
NOW	B	0.67%
INTU	F	0.63%
AMAT	C	0.61%
COST	C	0.6%
UBER	C	0.57%
PG	D	0.57%
HD	A	0.54%
BKNG	B	0.51%
ABBV	C	0.47%
LIN	C	0.43%
ACN	B	0.43%
ISRG	C	0.42%
MRK	F	0.42%
CAT	A	0.4%
PANW	B	0.4%
AXP	A	0.39%
KO	C	0.39%
KLAC	B	0.38%
LRCX	D	0.38%
QCOM	D	0.36%
ANET	A	0.36%
MCD	A	0.35%
GE	B	0.32%
KKR	A	0.32%
TMO	D	0.32%
TJX	D	0.31%
ETN	B	0.3%
PEP	F	0.3%
CMG	C	0.29%
SYK	C	0.29%
BX	C	0.29%
TDG	A	0.29%
VRTX	D	0.28%
SNPS	F	0.28%
CDNS	D	0.27%
PGR	B	0.27%
PLTR	A	0.27%
SPGI	C	0.26%
BSX	A	0.25%
TXN	C	0.25%
PM	D	0.25%
SBUX	B	0.24%
REGN	D	0.24%
ADI	B	0.24%
UNP	F	0.24%
PH	A	0.23%
CRWD	D	0.23%
TT	A	0.22%
HLT	A	0.21%
MMC	D	0.21%
MAR	A	0.21%
URI	C	0.2%
DHI	C	0.2%
FI	A	0.19%
ZTS	C	0.18%
ORLY	A	0.18%
FTNT	A	0.18%
ROST	D	0.18%
NKE	D	0.17%
NXPI	F	0.17%
CPRT	B	0.17%
FICO	C	0.17%
MSI	A	0.16%
APH	D	0.16%
ADP	A	0.16%
SHW	C	0.16%
AMT	D	0.16%
MPWR	B	0.16%
VST	A	0.15%
MDLZ	D	0.15%
ACGL	A	0.15%
RCL	B	0.15%
ODFL	F	0.14%
PCAR	D	0.14%
AON	A	0.14%
CTAS	C	0.14%
IT	A	0.14%
BA	F	0.14%
EQIX	C	0.14%
GWW	B	0.13%
MCO	D	0.13%
WM	B	0.13%
HCA	C	0.13%
CEG	A	0.13%
AZO	D	0.13%
CARR	A	0.12%
TRGP	A	0.12%
ITW	C	0.12%
OKE	A	0.12%
CL	D	0.12%
CSX	D	0.12%
PHM	C	0.11%
MPC	D	0.11%
GEV	A	0.11%
NVR	C	0.11%
PWR	A	0.11%
IR	A	0.11%
ADSK	B	0.11%
LULU	D	0.11%
AJG	C	0.11%
FTV	C	0.1%
ABNB	D	0.1%
CME	A	0.1%
AXON	A	0.1%
HWM	A	0.09%
PSA	C	0.09%
DECK	B	0.09%
AMP	A	0.09%
TYL	D	0.09%
LEN	C	0.09%
MCHP	F	0.09%
ROP	D	0.09%
MSCI	B	0.09%
VRSK	D	0.08%
SMCI	F	0.08%
VMC	D	0.08%
WMB	A	0.08%
MLM	F	0.08%
CPAY	A	0.08%
WST	D	0.08%
MNST	D	0.08%
GDDY	B	0.08%
NUE	D	0.08%
BLDR	C	0.08%
IDXX	D	0.08%
RSG	D	0.08%
YUM	C	0.07%
DELL	C	0.07%
DAL	C	0.07%
EXPE	B	0.07%
DFS	A	0.07%
AME	C	0.07%
BRO	A	0.07%
SPG	A	0.07%
DLR	C	0.07%
FAST	C	0.07%
IQV	F	0.06%
ANSS	D	0.06%
OTIS	A	0.06%
DXCM	F	0.06%
LYV	A	0.06%
PAYX	B	0.06%
IRM	B	0.06%
TTWO	D	0.05%
CDW	D	0.05%
PTC	B	0.05%
TSCO	A	0.05%
CCL	C	0.05%
CSGP	F	0.05%
STE	D	0.05%
ON	F	0.05%
CBOE	B	0.05%
EFX	D	0.05%
BR	B	0.05%
CE	D	0.05%
CHTR	D	0.05%
GRMN	D	0.05%
ROK	D	0.05%
EW	F	0.05%
EA	D	0.05%
ALGN	D	0.04%
MAS	C	0.04%
DRI	C	0.04%
SBAC	C	0.04%
HUBB	A	0.04%
HSY	D	0.04%
LVS	B	0.04%
PNR	C	0.04%
STLD	C	0.04%
CHD	D	0.04%
MOH	F	0.04%
MTD	C	0.04%
ULTA	D	0.04%
AKAM	D	0.03%
JBL	C	0.03%
HST	D	0.03%
VRSN	C	0.03%
ERIE	A	0.03%
MRO	B	0.03%
WAT	B	0.03%
POOL	D	0.03%
FDS	C	0.03%
WYNN	B	0.03%
NCLH	C	0.03%
APA	F	0.03%
STX	C	0.03%
NTAP	D	0.03%
DVA	C	0.02%
RL	B	0.02%
EPAM	F	0.02%
ALLE	A	0.02%
CZR	B	0.02%
DAY	C	0.02%
GNRC	B	0.02%
DPZ	D	0.02%
ROL	C	0.02%
MGM	D	0.02%
LW	D	0.02%
PODD	C	0.02%
AOS	C	0.02%
SNA	C	0.02%
EXPD	D	0.02%
PAYC	D	0.01%

SPYG Underweight 27 Positions Relative to UPAR

Symbol	Grade	Weight
GLDM	B	-14.24%
VXF	A	-3.3%
XOM	A	-1.67%
BHP	B	-1.5%
RIO	B	-1.16%
CVX	B	-0.91%
SCCO	B	-0.9%
CTVA	A	-0.57%
TTE	B	-0.54%
VALE	D	-0.52%
FSLR	C	-0.43%
BP	F	-0.29%
EQNR	D	-0.24%
CNH	C	-0.21%
XYL	C	-0.17%
E	C	-0.16%
SQM	D	-0.15%
OXY	D	-0.14%
AWK	D	-0.13%
TTC	F	-0.13%
MOS	F	-0.12%
FMC	C	-0.12%
IEX	D	-0.09%
AGCO	D	-0.09%
DVN	F	-0.08%
EC	F	-0.07%
EQT	C	-0.07%