SSPY vs. ANEW ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to ProShares MSCI Transformational Changes ETF (ANEW)

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

$79.86

Average Daily Volume

2,856

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

ANEW

ProShares MSCI Transformational Changes ETF

ANEW Description

The investment seeks investment results, before fees and expenses, that track the performance of the MSCI Global Transformational Changes Index (the index). The fund seeks to invest substantially all of its assets in the securities included in the index. The index selects companies which may benefit from transformational changes in how people work, take care of their health, and consume and connect (Transformational Changes) - changes accelerated by COVID-19.

Grade (RS Rating)

Last Trade

$44.77

Average Daily Volume

264

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	ANEW
30 Days	-0.28%	-1.42%
60 Days	0.30%	2.64%
90 Days	2.89%	4.64%
12 Months	21.97%	25.94%

55 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in ANEW	Overlap
AAPL	C	0.5%	2.23%	0.5%
ABBV	F	0.24%	1.94%	0.24%
ABT	B	0.06%	2.1%	0.06%
ADBE	F	0.16%	2.05%	0.16%
AKAM	F	0.27%	0.17%	0.17%
AMAT	F	0.18%	0.85%	0.18%
AMD	F	0.14%	0.34%	0.14%
AMZN	B	0.22%	2.16%	0.22%
ANSS	B	0.17%	0.55%	0.17%
AVGO	C	0.23%	1.6%	0.23%
BDX	F	0.05%	1.11%	0.05%
BKNG	A	0.11%	2.37%	0.11%
BSX	B	0.06%	2.17%	0.06%
CRM	A	0.35%	0.34%	0.34%
CRWD	B	0.18%	0.18%	0.18%
CSCO	B	0.21%	0.64%	0.21%
CTVA	D	0.08%	1.89%	0.08%
DE	D	0.13%	1.92%	0.13%
DGX	A	0.16%	0.3%	0.16%
DHR	D	0.1%	1.69%	0.1%
DXCM	C	0.1%	0.49%	0.1%
EA	A	0.49%	0.68%	0.49%
EBAY	D	0.22%	0.63%	0.22%
EQIX	B	0.27%	0.2%	0.2%
EW	C	0.06%	0.67%	0.06%
FFIV	B	0.21%	0.25%	0.21%
FMC	F	0.09%	0.94%	0.09%
GEN	B	0.17%	0.21%	0.17%
GOOGL	B	0.23%	1.66%	0.23%
HPE	B	0.19%	0.21%	0.19%
HSIC	D	0.2%	0.18%	0.18%
IFF	D	0.05%	1.71%	0.05%
ISRG	A	0.12%	2.49%	0.12%
JNPR	D	0.2%	0.2%	0.2%
MA	A	0.04%	0.93%	0.04%
META	C	0.47%	2.32%	0.47%
MKC	D	0.21%	1.89%	0.21%
MRK	F	0.24%	1.4%	0.24%
MRNA	F	0.24%	0.22%	0.22%
MSFT	D	0.32%	1.86%	0.32%
NFLX	A	0.22%	2.39%	0.22%
NOW	B	0.22%	0.26%	0.22%
NTAP	D	0.17%	0.19%	0.17%
NVDA	B	0.13%	2.89%	0.13%
NXPI	F	0.23%	0.15%	0.15%
OMC	C	0.34%	0.59%	0.34%
ORCL	A	0.34%	0.61%	0.34%
PANW	B	0.16%	0.27%	0.16%
PYPL	A	0.06%	0.24%	0.06%
QCOM	F	0.22%	0.56%	0.22%
RMD	C	0.09%	0.58%	0.09%
TECH	D	0.15%	0.19%	0.15%
TTWO	A	0.49%	0.64%	0.49%
V	A	0.04%	1.04%	0.04%
WST	C	0.05%	0.42%	0.05%

SSPY Overweight 445 Positions Relative to ANEW

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

SSPY Underweight 69 Positions Relative to ANEW

Symbol	Grade	Weight
DASH	B	-2.89%
BABA	D	-1.93%
SFM	A	-1.21%
CNH	D	-0.92%
AGCO	D	-0.79%
SE	B	-0.75%
TCOM	B	-0.58%
ZD	B	-0.55%
DKNG	B	-0.5%
SMPL	B	-0.48%
NEOG	D	-0.41%
SMG	D	-0.4%
PINS	F	-0.38%
SXT	C	-0.38%
ILMN	C	-0.38%
SNAP	D	-0.37%
DOCS	C	-0.36%
MSTR	B	-0.36%
NTRA	B	-0.29%
CVLT	B	-0.28%
HOOD	A	-0.27%
QTWO	A	-0.27%
GH	B	-0.25%
DOCU	A	-0.24%
SMAR	A	-0.24%
GMED	A	-0.24%
PRCT	B	-0.24%
RARE	F	-0.23%
BOX	B	-0.23%
CCOI	B	-0.23%
CYBR	A	-0.22%
NET	C	-0.22%
COIN	A	-0.22%
INSP	F	-0.22%
BL	B	-0.21%
SMTC	C	-0.21%
KTOS	B	-0.21%
DBX	C	-0.21%
CHKP	D	-0.21%
PCTY	B	-0.21%
VRNS	D	-0.21%
DT	C	-0.2%
RIOT	B	-0.2%
NOVT	D	-0.2%
ALTR	B	-0.2%
WDAY	B	-0.19%
BLKB	D	-0.19%
ENOV	C	-0.18%
AI	C	-0.18%
PCOR	B	-0.18%
QGEN	D	-0.18%
CRSP	D	-0.17%
IRDM	C	-0.17%
TENB	D	-0.17%
NTNX	A	-0.17%
TWST	F	-0.17%
MARA	B	-0.17%
EEFT	C	-0.16%
MEDP	D	-0.16%
SLAB	F	-0.15%
SYNA	C	-0.15%
CGNX	D	-0.15%
OKTA	D	-0.14%
CLSK	C	-0.14%
IDYA	F	-0.14%
TMDX	F	-0.13%
FIVN	C	-0.13%
ACHC	F	-0.12%
TNDM	F	-0.11%