SQLV vs. SMDY ETF Comparison

Comparison of Legg Mason Small-Cap Quality Value ETF (SQLV) to Syntax Stratified MidCap ETF (SMDY)

SQLV

Legg Mason Small-Cap Quality Value ETF

SQLV Description

The investment seeks to track the investment results of the RARE Global Infrastructure Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose its underlying index. The underlying index is composed of equity securities in developed and developing markets that are included in the MSCI ACWI All Cap Index. Companies in the MSCI ACWI All Cap Index are screened to include only companies within the Global Industry Classification Standard (GICS) sub-industries and are classified into infrastructure sectors.

Grade (RS Rating)

Last Trade

$38.05

Average Daily Volume

3,026

Number of Holdings ^*

228

* may have additional holdings in another (foreign) market

SMDY

Syntax Stratified MidCap ETF

SMDY 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 comprising the Syntax Stratified MidCap 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 MidCap 400® Index and holds the same constituents as the S&P MidCap 400 Index.

Grade (RS Rating)

Last Trade

$42.10

Average Daily Volume

224

Number of Holdings ^*

390

* may have additional holdings in another (foreign) market

Performance

Period	SQLV	SMDY
30 Days	-4.31%	-1.57%
60 Days	-4.17%	1.11%
90 Days	-6.05%	-3.39%
12 Months	6.08%	9.82%

14 Overlapping Holdings

Symbol	Grade	Weight in SQLV	Weight in SMDY	Overlap
ALE	C	0.73%	0.25%	0.25%
CAR	F	0.65%	0.44%	0.44%
CRI	F	0.46%	0.29%	0.29%
FHI	C	0.57%	0.3%	0.3%
HAE	C	0.48%	0.38%	0.38%
IBOC	C	0.68%	0.06%	0.06%
IPGP	D	0.51%	0.29%	0.29%
IRDM	D	0.49%	1.19%	0.49%
NVST	F	0.49%	0.37%	0.37%
TDC	C	0.47%	0.33%	0.33%
TEX	D	0.58%	0.3%	0.3%
TGNA	D	0.66%	0.31%	0.31%
VSH	D	0.6%	0.12%	0.12%
ZD	F	0.45%	1.15%	0.45%

SQLV Overweight 214 Positions Relative to SMDY

Symbol	Grade	Weight
INSW	C	0.74%
CCSI	D	0.74%
CEIX	B	0.74%
DXC	C	0.74%
VCTR	D	0.73%
DK	F	0.73%
CVI	F	0.72%
CALM	B	0.68%
SLVM	D	0.68%
ANDE	D	0.68%
CRCT	F	0.67%
APAM	D	0.67%
ASO	F	0.67%
ARCH	C	0.67%
BTU	C	0.66%
BKE	D	0.66%
EBC	B	0.65%
SANM	C	0.65%
CATY	D	0.64%
KFY	B	0.62%
NMIH	B	0.6%
AGX	C	0.59%
SKYW	B	0.58%
CNS	B	0.58%
AX	B	0.58%
STBA	B	0.57%
SCS	C	0.57%
LE	D	0.56%
CLW	D	0.56%
IDCC	A	0.56%
VGR	C	0.56%
LRN	D	0.56%
HUBG	C	0.56%
WHD	C	0.56%
FDP	F	0.55%
EVC	F	0.54%
PRDO	C	0.54%
PRG	D	0.54%
WTTR	B	0.53%
CORT	C	0.53%
PAHC	C	0.53%
STRL	D	0.52%
MCBC	A	0.51%
PFC	D	0.5%
INVA	B	0.5%
CNXN	D	0.5%
GIII	F	0.49%
ODP	F	0.49%
PRGS	B	0.49%
RMR	D	0.49%
HWKN	B	0.49%
MGNI	B	0.49%
PBH	C	0.49%
WOR	F	0.49%
PFBC	D	0.48%
EXTR	C	0.48%
HAFC	C	0.48%
ACDC	F	0.48%
ADUS	B	0.48%
ITGR	C	0.48%
OSG	A	0.47%
EBF	B	0.46%
YELP	F	0.46%
ASTH	C	0.46%
SGC	D	0.46%
LXU	F	0.46%
PETQ	B	0.46%
QUAD	B	0.46%
MCRI	D	0.45%
DAKT	B	0.45%
AMK	B	0.45%
CTS	D	0.45%
SWIM	F	0.44%
LGND	B	0.44%
OMCL	F	0.44%
JBSS	D	0.44%
MBWM	C	0.44%
LMAT	A	0.43%
YOU	B	0.43%
MRVI	F	0.43%
AVNS	F	0.43%
COHU	B	0.43%
NPK	D	0.42%
MSBI	D	0.42%
IART	C	0.42%
OSBC	B	0.42%
SD	D	0.42%
PARR	F	0.42%
BXC	F	0.42%
SGH	B	0.42%
HRMY	B	0.42%
PLUS	D	0.41%
ROCK	D	0.41%
BELFB	C	0.41%
NTCT	D	0.4%
KFRC	D	0.4%
RES	F	0.4%
OLPX	F	0.4%
FOR	F	0.4%
STAA	B	0.39%
BTMD	C	0.39%
PCRX	F	0.39%
IIIN	F	0.39%
REX	F	0.39%
CRVL	B	0.38%
THFF	D	0.38%
PLAB	D	0.38%
FLWS	C	0.38%
USNA	F	0.38%
WINA	D	0.38%
DVAX	D	0.38%
DHIL	F	0.38%
FISI	B	0.37%
AMPH	F	0.37%
NTGR	C	0.37%
BBW	F	0.37%
MCB	C	0.37%
ASRT	C	0.37%
RLGT	C	0.37%
RYI	F	0.37%
WNC	F	0.37%
SUPN	F	0.36%
CVEO	D	0.36%
DFIN	D	0.36%
TH	D	0.36%
SPFI	D	0.36%
POWL	D	0.36%
OMI	F	0.36%
MD	F	0.36%
SSTK	F	0.36%
ATRI	B	0.35%
LQDT	B	0.35%
BOX	D	0.35%
NECB	B	0.35%
NX	F	0.35%
HSTM	C	0.34%
COLL	C	0.34%
NBN	B	0.34%
RGP	F	0.34%
IMMR	B	0.34%
MPX	F	0.34%
CIVB	D	0.34%
PLPC	F	0.34%
UNTY	C	0.33%
VREX	F	0.33%
ANGO	F	0.33%
CCRN	F	0.33%
PKBK	F	0.33%
IMXI	F	0.33%
KRT	C	0.32%
THRY	F	0.32%
HTZ	F	0.32%
GNE	D	0.32%
GIC	F	0.32%
ATEN	C	0.32%
ZEUS	F	0.31%
CPRX	D	0.31%
ANIP	D	0.31%
MCFT	F	0.31%
DXLG	D	0.31%
PETS	F	0.31%
EVBN	C	0.3%
HCKT	D	0.3%
TRDA	F	0.3%
RNGR	C	0.3%
CASS	D	0.3%
UIS	D	0.3%
ACIC	D	0.3%
MED	F	0.3%
SPOK	C	0.29%
BSIG	C	0.29%
IRWD	F	0.29%
MNSB	D	0.29%
NVEC	D	0.28%
MYPS	F	0.28%
NATR	F	0.28%
AMSWA	D	0.27%
PKE	F	0.27%
VPG	F	0.27%
VRA	F	0.27%
ZIP	F	0.27%
MITK	F	0.27%
HBB	D	0.27%
CVGI	F	0.27%
UTMD	F	0.27%
IRMD	B	0.27%
EGRX	C	0.26%
ANIK	D	0.26%
CCRD	D	0.25%
SMLR	C	0.24%
DERM	B	0.24%
CMT	F	0.23%
CTKB	D	0.23%
JAKK	D	0.23%
TWI	F	0.23%
VYGR	F	0.22%
HOFT	F	0.22%
OFLX	F	0.22%
MDXG	F	0.21%
TCMD	F	0.2%
POWW	F	0.2%
NRC	F	0.2%
OSUR	F	0.19%
INTT	D	0.19%
LTRX	F	0.19%
ZYXI	F	0.17%
PRCH	F	0.17%
ARCT	F	0.17%
PRTS	F	0.17%
RCMT	F	0.15%
PBYI	F	0.14%
HBCP	C	0.12%
TZOO	F	0.11%
SURG	F	0.08%

SQLV Underweight 376 Positions Relative to SMDY

Symbol	Grade	Weight
COTY	F	-1.8%
SMG	D	-1.78%
LITE	B	-1.22%
FYBR	B	-1.21%
CIEN	F	-1.21%
DOCS	B	-1.09%
QLYS	D	-0.82%
DT	F	-0.75%
LNW	B	-0.67%
AMKR	B	-0.65%
WING	B	-0.63%
SBRA	A	-0.62%
ACHC	F	-0.61%
OHI	B	-0.61%
TXRH	B	-0.61%
DLB	D	-0.6%
WEN	F	-0.6%
ARMK	C	-0.6%
THC	C	-0.59%
PSTG	B	-0.57%
SRPT	C	-0.55%
MTSI	A	-0.5%
CRUS	A	-0.49%
COKE	B	-0.49%
ONTO	B	-0.48%
UTHR	B	-0.48%
RMBS	B	-0.47%
ALGM	C	-0.47%
MKSI	B	-0.46%
BRBR	B	-0.46%
LAD	F	-0.45%
LSCC	D	-0.45%
POST	C	-0.45%
PAG	D	-0.45%
SLAB	D	-0.44%
POWI	D	-0.44%
EXEL	C	-0.44%
SYNA	F	-0.44%
HALO	B	-0.44%
CYTK	D	-0.43%
BMRN	C	-0.43%
MEDP	C	-0.42%
NBIX	C	-0.42%
CELH	F	-0.42%
AN	D	-0.42%
ARWR	C	-0.42%
LIVN	D	-0.41%
WBS	D	-0.41%
GMED	B	-0.41%
RGEN	F	-0.4%
ASB	D	-0.4%
KBH	D	-0.4%
IBKR	B	-0.4%
SF	B	-0.4%
JAZZ	F	-0.4%
PRGO	F	-0.4%
TMHC	D	-0.39%
ENOV	F	-0.39%
ILMN	D	-0.39%
TOL	D	-0.38%
AZTA	D	-0.38%
BHF	F	-0.36%
PRI	C	-0.36%
CNO	B	-0.35%
ERIE	C	-0.35%
UNM	D	-0.35%
MANH	B	-0.34%
APPF	B	-0.34%
KMPR	C	-0.34%
EQH	B	-0.34%
ELF	C	-0.33%
DBX	D	-0.33%
BLKB	D	-0.32%
ZI	F	-0.32%
SAM	C	-0.32%
SFM	B	-0.32%
ALTR	B	-0.32%
PPC	B	-0.32%
CVLT	B	-0.32%
MORN	B	-0.31%
DUOL	F	-0.31%
AMG	D	-0.31%
BURL	B	-0.31%
HRB	B	-0.31%
MSA	C	-0.31%
NXST	B	-0.31%
BJ	B	-0.3%
VOYA	D	-0.3%
FAF	D	-0.3%
NYT	A	-0.3%
RGA	C	-0.3%
FNF	D	-0.3%
MIDD	F	-0.3%
MMS	B	-0.3%
HQY	B	-0.3%
ESNT	C	-0.3%
PCTY	F	-0.3%
M	C	-0.3%
CGNX	B	-0.3%
CG	C	-0.3%
USFD	C	-0.3%
LECO	F	-0.3%
CPRI	D	-0.3%
DAR	F	-0.3%
JHG	B	-0.3%
WEX	D	-0.3%
RNR	D	-0.3%
ESAB	D	-0.3%
MTG	B	-0.3%
WMG	D	-0.29%
COLM	D	-0.29%
ST	C	-0.29%
FIVE	F	-0.29%
NSP	F	-0.29%
LOPE	C	-0.29%
WU	D	-0.29%
LANC	B	-0.29%
PFGC	D	-0.29%
GHC	D	-0.29%
INGR	D	-0.29%
DKS	C	-0.29%
EEFT	D	-0.29%
OSK	D	-0.29%
FLO	D	-0.29%
VNT	D	-0.29%
SEIC	D	-0.29%
JWN	B	-0.29%
PVH	F	-0.28%
CROX	C	-0.28%
AGCO	F	-0.28%
TTC	C	-0.28%
GPS	C	-0.28%
SKX	C	-0.28%
ALLY	B	-0.27%
SLM	D	-0.27%
GME	C	-0.26%
IDA	D	-0.26%
PNM	D	-0.25%
OLLI	B	-0.25%
PGNY	D	-0.25%
ORA	C	-0.25%
POR	D	-0.25%
NWE	D	-0.25%
OGE	C	-0.25%
OPCH	F	-0.24%
EHC	B	-0.24%
AMED	A	-0.24%
SR	C	-0.23%
AM	B	-0.23%
PBF	F	-0.23%
BKH	D	-0.23%
HOG	F	-0.23%
CASY	B	-0.23%
PLNT	B	-0.23%
OGS	C	-0.23%
DTM	B	-0.23%
KEX	B	-0.23%
CHE	D	-0.23%
GNTX	D	-0.22%
SCI	C	-0.22%
SWX	D	-0.22%
LFUS	C	-0.22%
MUSA	C	-0.22%
NFG	D	-0.22%
UGI	D	-0.22%
WTRG	C	-0.22%
THO	D	-0.22%
NJR	D	-0.22%
VC	D	-0.22%
DINO	D	-0.22%
ENS	C	-0.22%
PII	F	-0.22%
ETRN	D	-0.21%
EXLS	B	-0.21%
BC	F	-0.21%
CNXC	C	-0.21%
NVT	D	-0.21%
WSM	D	-0.21%
AYI	D	-0.21%
NSA	B	-0.2%
AIRC	A	-0.2%
CUBE	B	-0.2%
KD	C	-0.2%
IRT	B	-0.2%
G	D	-0.2%
SAIC	D	-0.2%
AMH	A	-0.2%
ELS	C	-0.2%
PEN	D	-0.19%
BCO	B	-0.19%
JEF	B	-0.19%
XRAY	F	-0.19%
NOV	D	-0.19%
WFRD	B	-0.19%
CHX	C	-0.19%
CACI	B	-0.19%
SRCL	B	-0.18%
WHR	C	-0.18%
CLH	B	-0.18%
CMC	D	-0.18%
VAL	B	-0.18%
LSTR	D	-0.18%
SHC	C	-0.18%
SAIA	C	-0.18%
GXO	F	-0.18%
KNX	C	-0.18%
KNSL	F	-0.17%
RLI	D	-0.17%
RS	D	-0.17%
CLF	D	-0.17%
FLR	B	-0.17%
X	C	-0.17%
SIGI	F	-0.17%
RBA	B	-0.17%
AFG	D	-0.17%
AA	B	-0.17%
RGLD	B	-0.17%
THG	D	-0.17%
ORI	D	-0.17%
XPO	C	-0.17%
BRKR	F	-0.16%
YETI	F	-0.16%
MP	D	-0.16%
LII	B	-0.16%
LNTH	C	-0.16%
RH	D	-0.16%
JLL	B	-0.15%
EVR	A	-0.15%
RCM	F	-0.15%
ASGN	D	-0.15%
NEOG	C	-0.15%
GATX	B	-0.15%
EXPO	C	-0.15%
MTZ	C	-0.15%
KBR	D	-0.15%
ACM	D	-0.15%
FIX	D	-0.15%
UA	F	-0.15%
UAA	F	-0.15%
R	B	-0.15%
MAT	F	-0.15%
TTEK	D	-0.15%
HLI	A	-0.15%
TPX	D	-0.15%
HELE	F	-0.15%
FCN	D	-0.15%
MASI	F	-0.15%
GLPI	B	-0.14%
EME	D	-0.14%
FND	F	-0.14%
TREX	F	-0.14%
MAN	D	-0.14%
BLD	D	-0.14%
RYN	D	-0.13%
PCH	F	-0.13%
COHR	B	-0.13%
OLED	A	-0.13%
NOVT	C	-0.13%
KNF	C	-0.13%
MDU	C	-0.13%
CHDN	B	-0.13%
BYD	C	-0.13%
UMBF	C	-0.12%
CBSH	C	-0.12%
WTFC	D	-0.12%
FHN	C	-0.12%
LPX	D	-0.12%
TCBI	C	-0.12%
CFR	D	-0.12%
HWC	C	-0.12%
BDC	C	-0.12%
EXP	D	-0.12%
ALV	D	-0.11%
GT	F	-0.11%
LEA	F	-0.11%
ADNT	F	-0.11%
WOLF	F	-0.11%
CBT	D	-0.1%
CUZ	D	-0.1%
AXTA	D	-0.1%
KRC	F	-0.1%
DCI	D	-0.1%
HGV	D	-0.1%
WLK	D	-0.1%
GGG	D	-0.1%
MTN	F	-0.1%
H	C	-0.1%
GTLS	D	-0.1%
AVNT	D	-0.1%
ASH	D	-0.1%
VNO	C	-0.1%
TNL	D	-0.1%
PK	D	-0.1%
WTS	D	-0.1%
FLS	D	-0.1%
WH	C	-0.1%
HXL	D	-0.1%
VVV	B	-0.1%
CHH	B	-0.1%
VMI	C	-0.09%
ATR	D	-0.09%
RBC	C	-0.09%
NEU	D	-0.09%
SSD	F	-0.09%
WMS	D	-0.09%
CC	F	-0.09%
OLN	F	-0.09%
RPM	D	-0.09%
VAC	F	-0.09%
CW	C	-0.08%
MSM	F	-0.08%
CR	C	-0.08%
CHRD	C	-0.08%
FR	C	-0.08%
BWXT	B	-0.08%
EGP	B	-0.08%
REXR	C	-0.08%
CIVI	D	-0.08%
PR	C	-0.08%
STAG	B	-0.08%
MUR	D	-0.08%
WPC	D	-0.08%
MTDR	D	-0.08%
OC	D	-0.08%
CSL	C	-0.08%
AAON	B	-0.08%
TKR	D	-0.08%
FFIN	D	-0.07%
OZK	D	-0.07%
SSB	D	-0.07%
ONB	B	-0.07%
ADC	B	-0.07%
KRG	B	-0.07%
NNN	B	-0.07%
EPR	C	-0.07%
BRX	B	-0.07%
WSO	B	-0.07%
SNX	D	-0.07%
WCC	D	-0.07%
LAMR	B	-0.07%
TPL	B	-0.07%
CHK	D	-0.07%
RRC	D	-0.07%
RRX	F	-0.07%
ARW	D	-0.07%
SWN	D	-0.07%
AR	D	-0.07%
CNM	D	-0.07%
CACC	B	-0.07%
AVT	D	-0.07%
CNX	C	-0.07%
AIT	C	-0.07%
ITT	D	-0.07%
WWD	D	-0.07%
OVV	D	-0.07%
UFPI	D	-0.06%
BERY	D	-0.06%
STWD	D	-0.06%
NYCB	D	-0.06%
EWBC	D	-0.06%
UBSI	D	-0.06%
VLY	F	-0.06%
GBCI	D	-0.06%
ZION	C	-0.06%
HOMB	D	-0.06%
SNV	B	-0.06%
CADE	D	-0.06%
FNB	C	-0.06%
COLB	D	-0.06%
PNFP	D	-0.06%
PB	D	-0.06%
SON	F	-0.05%
GEF	F	-0.05%
SLGN	D	-0.05%
GPK	D	-0.05%
CCK	F	-0.05%