SSPY vs. BTAL ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL)
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

$78.48

Average Daily Volume

2,962

Number of Holdings *

496

* may have additional holdings in another (foreign) market
BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$19.84

Average Daily Volume

703,829

Number of Holdings *

388

* may have additional holdings in another (foreign) market
Performance
Period SSPY BTAL
30 Days -1.60% -1.64%
60 Days 3.41% -3.08%
90 Days 4.65% 1.43%
12 Months 24.92% -1.83%
188 Overlapping Holdings
Symbol Grade Weight in SSPY Weight in BTAL Overlap
ABBV A 0.25% 0.41% 0.25%
ACGL A 0.15% 0.44% 0.15%
ACN B 0.13% 0.42% 0.13%
ADP A 0.22% 0.42% 0.22%
AEE A 0.08% 0.44% 0.08%
AES B 0.31% -0.48% -0.48%
AIZ A 0.21% 0.42% 0.21%
AKAM D 0.28% 0.43% 0.28%
ALB D 0.05% -0.44% -0.44%
ALGN D 0.1% -0.46% -0.46%
ALL B 0.21% 0.45% 0.21%
AMCR B 0.13% 0.43% 0.13%
AMD D 0.14% -0.45% -0.45%
AMGN D 0.25% 0.44% 0.25%
ANET A 0.22% -0.47% -0.47%
AON A 0.04% 0.43% 0.04%
ARE D 0.11% -0.47% -0.47%
AVB C 0.11% 0.45% 0.11%
AVGO C 0.24% -0.46% -0.46%
AWK B 0.33% -0.44% -0.44%
AXON A 0.09% -0.48% -0.48%
AZO D 0.14% 0.31% 0.14%
BBWI F 0.19% -0.41% -0.41%
BG F 0.38% 0.42% 0.38%
BKR B 0.37% 0.44% 0.37%
BLDR B 0.2% -0.47% -0.47%
BLK A 0.09% -0.48% -0.48%
BMY B 0.26% 0.45% 0.26%
BRO A 0.04% 0.43% 0.04%
BWA B 0.41% 0.44% 0.41%
BX C 0.09% -0.48% -0.48%
BXP C 0.12% -0.48% -0.48%
CARR A 0.08% -0.48% -0.48%
CB A 0.15% 0.44% 0.15%
CBOE A 0.04% 0.42% 0.04%
CBRE A 0.04% -0.47% -0.47%
CCL C 0.09% -0.48% -0.48%
CE D 0.07% -0.43% -0.43%
CEG B 0.39% -0.57% -0.57%
CF A 0.09% 0.44% 0.09%
CFG D 0.06% -0.42% -0.42%
CHD C 0.43% 0.43% 0.43%
CHRW A 0.09% 0.44% 0.09%
CI D 0.2% 0.43% 0.2%
CINF A 0.15% 0.43% 0.15%
CME A 0.05% 0.45% 0.05%
CMG C 0.52% 0.44% 0.44%
CMS A 0.08% 0.44% 0.08%
CNC F 0.27% 0.4% 0.27%
CPB D 0.21% 0.43% 0.21%
CRL F 0.15% -0.43% -0.43%
CRWD D 0.19% -0.47% -0.47%
CSCO A 0.21% 0.44% 0.21%
CSGP F 0.04% -0.43% -0.43%
CSX D 0.09% 0.43% 0.09%
CTSH B 0.13% 0.42% 0.13%
CZR B 0.07% -0.47% -0.47%
D A 0.25% -0.44% -0.44%
DAL C 0.27% -0.51% -0.51%
DAY B 0.23% -0.45% -0.45%
DD B 0.05% 0.45% 0.05%
DECK B 0.3% 0.38% 0.3%
DELL C 0.17% -0.46% -0.46%
DGX B 0.17% 0.42% 0.17%
DRI C 0.54% 0.47% 0.47%
DUK A 0.08% 0.44% 0.08%
DVN F 0.18% 0.39% 0.18%
ED A 0.25% 0.44% 0.25%
EFX C 0.04% -0.43% -0.43%
EG B 0.14% 0.43% 0.14%
EL D 0.47% -0.43% -0.43%
ELV F 0.25% 0.43% 0.25%
ENPH D 0.27% -0.42% -0.42%
EQR C 0.11% 0.44% 0.11%
EQT B 0.18% -0.47% -0.47%
ERIE A 0.21% 0.5% 0.21%
ETN C 0.27% -0.47% -0.47%
EW F 0.06% -0.41% -0.41%
EXPE B 0.12% -0.45% -0.45%
F D 0.26% -0.42% -0.42%
FANG D 0.08% 0.4% 0.08%
FCX B 0.29% -0.47% -0.47%
FFIV B 0.22% 0.48% 0.22%
FMC B 0.09% 0.42% 0.09%
FOXA A 0.11% 0.44% 0.11%
FTNT A 0.17% 0.44% 0.17%
GD A 0.17% 0.44% 0.17%
GILD A 0.26% 0.46% 0.26%
GIS C 0.22% 0.44% 0.22%
GLW B 0.2% 0.45% 0.2%
GNRC B 0.08% -0.42% -0.42%
GPC D 0.15% 0.41% 0.15%
HIG A 0.15% 0.44% 0.15%
HON C 0.17% 0.42% 0.17%
HPQ C 0.36% 0.43% 0.36%
HUM F 0.26% 0.38% 0.26%
IBM B 0.35% 0.47% 0.35%
IDXX D 0.1% -0.47% -0.47%
INTC D 0.16% -0.49% -0.49%
J D 0.4% 0.43% 0.4%
JNJ D 0.25% 0.43% 0.25%
JNPR B 0.2% 0.42% 0.2%
KHC D 0.21% 0.41% 0.21%
KKR A 0.09% -0.47% -0.47%
KMI A 0.27% 0.44% 0.27%
KMX F 0.15% -0.39% -0.39%
KO C 0.25% 0.42% 0.25%
KR C 0.76% 0.45% 0.45%
L D 0.5% 0.42% 0.42%
LMT A 0.09% 0.41% 0.09%
LNT A 0.08% 0.44% 0.08%
LRCX D 0.17% -0.4% -0.4%
LULU D 0.3% 0.4% 0.3%
LYV A 0.09% -0.49% -0.49%
MCD A 0.51% 0.43% 0.43%
MCK F 0.19% 0.39% 0.19%
MGM D 0.07% -0.43% -0.43%
MKC C 0.22% 0.45% 0.22%
MMC D 0.04% 0.41% 0.04%
MOH D 0.26% 0.42% 0.26%
MOS D 0.08% 0.38% 0.08%
MPWR B 0.23% -0.37% -0.37%
MRNA F 0.24% -0.35% -0.35%
MSFT D 0.34% 0.44% 0.34%
MSI A 0.51% 0.46% 0.46%
MTCH B 0.48% 0.43% 0.43%
MU D 0.14% -0.41% -0.41%
NEM C 0.26% 0.45% 0.26%
NOC B 0.09% 0.43% 0.09%
NRG A 0.33% -0.46% -0.46%
NTRS C 0.09% -0.45% -0.45%
NVDA C 0.14% -0.41% -0.41%
O A 0.07% 0.43% 0.07%
ON F 0.22% 0.4% 0.22%
ORLY A 0.14% 0.46% 0.14%
OXY F 0.07% 0.39% 0.07%
PAYC D 0.23% 0.46% 0.23%
PAYX A 0.22% 0.44% 0.22%
PCAR D 0.13% 0.45% 0.13%
PFE D 0.26% 0.44% 0.26%
PGR C 0.2% 0.45% 0.2%
PKG C 0.06% 0.44% 0.06%
PLD D 0.07% -0.43% -0.43%
PLTR A 0.23% -0.52% -0.52%
PNW A 0.08% 0.44% 0.08%
PODD C 0.1% -0.54% -0.54%
PWR B 0.42% -0.46% -0.46%
PYPL C 0.06% -0.47% -0.47%
REG C 0.07% 0.44% 0.07%
RF C 0.06% -0.43% -0.43%
RMD C 0.1% -0.45% -0.45%
ROP C 0.03% 0.45% 0.03%
RSG D 0.19% 0.42% 0.19%
RTX A 0.08% 0.43% 0.08%
SCHW D 0.26% -0.44% -0.44%
SHW B 0.07% -0.47% -0.47%
SMCI F 0.17% -0.38% -0.38%
SNA A 0.25% 0.44% 0.25%
T A 0.34% 0.47% 0.34%
TDY A 0.03% 0.44% 0.03%
TER C 0.17% -0.41% -0.41%
TFX C 0.05% -0.45% -0.45%
TGT C 0.17% -0.43% -0.43%
TJX C 0.75% 0.42% 0.42%
TMUS A 0.33% 0.41% 0.33%
TROW D 0.09% -0.44% -0.44%
TRV C 0.15% 0.46% 0.15%
TSLA C 0.28% -0.52% -0.52%
TT A 0.08% -0.47% -0.47%
TXT F 0.17% 0.42% 0.17%
UBER C 0.12% -0.47% -0.47%
UNH B 0.26% 0.41% 0.26%
URI C 0.14% -0.49% -0.49%
USB C 0.06% -0.43% -0.43%
VICI C 0.07% 0.43% 0.07%
VRSN B 0.27% 0.43% 0.27%
VST A 0.4% -0.57% -0.57%
VTRS D 0.25% 0.42% 0.25%
VZ A 0.34% 0.46% 0.34%
WBA F 0.63% -0.39% -0.39%
WEC A 0.08% 0.43% 0.08%
WELL C 0.11% 0.46% 0.11%
WM B 0.19% 0.42% 0.19%
WRB B 0.14% 0.41% 0.14%
WTW B 0.04% 0.41% 0.04%
XEL A 0.08% 0.45% 0.08%
XOM A 0.8% 0.42% 0.42%
YUM A 0.51% 0.42% 0.42%
SSPY Overweight 308 Positions Relative to BTAL
Symbol Grade Weight
CVX B 0.8%
SYY B 0.76%
WMT A 0.76%
COST C 0.74%
ROST C 0.74%
COF C 0.72%
DFS C 0.7%
SYF B 0.69%
CVS D 0.68%
DPZ D 0.54%
CMCSA B 0.53%
BRK.A C 0.52%
AAPL C 0.52%
PSX D 0.52%
VLO F 0.5%
TTWO F 0.5%
MPC F 0.5%
SBUX B 0.49%
META A 0.49%
EA D 0.49%
CHTR D 0.48%
KMB B 0.43%
CL D 0.43%
KVUE C 0.43%
CLX B 0.43%
PG C 0.43%
APTV D 0.4%
ADM D 0.38%
PM C 0.37%
MO D 0.37%
HRL F 0.37%
TSN D 0.37%
CRM B 0.36%
JBL D 0.36%
SLB D 0.36%
HAL F 0.36%
ORCL B 0.35%
SNPS F 0.35%
UHS D 0.35%
NKE D 0.34%
ATO A 0.34%
NI A 0.34%
HCA B 0.34%
IPG C 0.34%
OMC C 0.34%
GRMN D 0.34%
CDNS D 0.34%
TPR B 0.32%
RL B 0.32%
EXC A 0.3%
NVR A 0.28%
EQIX B 0.28%
GDDY D 0.28%
STLD B 0.28%
HAS A 0.27%
NUE D 0.27%
RJF B 0.27%
TRGP B 0.27%
SWK A 0.27%
HD A 0.27%
UAL B 0.27%
DLR C 0.27%
CTLT A 0.26%
ZTS C 0.26%
WMB A 0.26%
ETR A 0.26%
PHM A 0.26%
CNP B 0.26%
MNST D 0.26%
GS C 0.26%
GM D 0.26%
LUV B 0.26%
HUBB A 0.26%
PEG A 0.26%
MS B 0.26%
OKE B 0.26%
LOW A 0.26%
AEP C 0.25%
FE B 0.25%
DHI C 0.25%
LEN B 0.25%
MRK F 0.25%
LLY D 0.25%
DTE A 0.25%
BIIB F 0.25%
TAP D 0.25%
NEE A 0.25%
STZ B 0.25%
INCY B 0.25%
EIX A 0.25%
KDP C 0.25%
VRTX D 0.24%
NOW C 0.24%
ADI C 0.23%
TYL B 0.23%
NXPI F 0.23%
NFLX A 0.23%
TXN C 0.23%
GOOGL B 0.23%
EBAY A 0.23%
GOOG B 0.23%
AMZN C 0.23%
CPRT B 0.23%
QRVO F 0.22%
INTU F 0.22%
SWKS F 0.22%
CAG D 0.22%
LW D 0.22%
REGN D 0.22%
QCOM D 0.22%
KEYS B 0.21%
PRU C 0.21%
DIS D 0.21%
GL C 0.21%
SJM C 0.21%
PFG C 0.21%
MET A 0.21%
MAS A 0.2%
CAH B 0.2%
APH D 0.2%
WBD D 0.2%
PNR C 0.2%
IEX D 0.2%
PARA F 0.2%
FSLR C 0.2%
AIG F 0.2%
AOS B 0.2%
HSIC D 0.2%
IR A 0.2%
AFL A 0.2%
HPE B 0.19%
CTAS B 0.19%
MDLZ C 0.19%
GEV B 0.19%
MHK B 0.19%
K B 0.19%
ROL B 0.19%
XYL C 0.19%
TEL D 0.19%
WY B 0.18%
STX B 0.18%
CTRA D 0.18%
MLM D 0.18%
AMAT B 0.18%
KLAC B 0.18%
NTAP D 0.18%
VMC D 0.18%
ULTA D 0.18%
GE C 0.18%
PEP D 0.18%
HSY D 0.18%
ADBE F 0.17%
BA F 0.17%
PANW D 0.17%
DG F 0.17%
BBY B 0.17%
ADSK B 0.17%
ITW A 0.17%
DLTR F 0.17%
WDC C 0.17%
MMM C 0.17%
ANSS D 0.17%
PTC D 0.17%
DOV C 0.17%
LKQ F 0.15%
A B 0.15%
TECH C 0.15%
WAT B 0.15%
MTD B 0.15%
ZBRA A 0.14%
WAB A 0.14%
IT C 0.14%
LDOS A 0.14%
CAT A 0.14%
TMO C 0.14%
IQV F 0.14%
ISRG A 0.13%
ABNB D 0.13%
ZBH F 0.13%
BALL C 0.13%
BAC D 0.13%
CDW D 0.13%
AME D 0.13%
FAST B 0.13%
WFC D 0.13%
JPM D 0.13%
GWW A 0.13%
DE A 0.13%
POOL B 0.13%
MCHP F 0.13%
EPAM F 0.13%
C B 0.13%
BK C 0.12%
HLT A 0.12%
MAR B 0.12%
BKNG C 0.12%
STT C 0.12%
HST D 0.12%
STE D 0.12%
SYK C 0.12%
TSCO A 0.12%
ESS C 0.11%
FOX A 0.11%
GEHC C 0.11%
INVH D 0.11%
MAA C 0.11%
UDR C 0.11%
DVA C 0.11%
VTR C 0.11%
BR B 0.11%
PSA C 0.11%
DOC C 0.11%
CPT C 0.11%
EXR C 0.11%
DXCM F 0.1%
DHR C 0.1%
HOLX D 0.1%
NWSA D 0.1%
NWS D 0.1%
ODFL D 0.09%
UPS D 0.09%
AMP A 0.09%
CTVA A 0.09%
LHX A 0.09%
JBHT D 0.09%
EXPD C 0.09%
BEN F 0.09%
RCL C 0.09%
NCLH C 0.09%
IVZ A 0.09%
ES C 0.08%
COP D 0.08%
MRO D 0.08%
HES D 0.08%
APA F 0.08%
FDX D 0.08%
EOG B 0.08%
ALLE A 0.08%
SO A 0.08%
PCG B 0.08%
PPL A 0.08%
SRE A 0.08%
HWM A 0.08%
EVRG C 0.08%
JCI B 0.08%
OTIS A 0.08%
TDG A 0.08%
PH A 0.08%
CMI B 0.08%
NSC C 0.08%
UNP D 0.08%
HII F 0.08%
FRT D 0.07%
KIM C 0.07%
SW C 0.07%
AMT C 0.07%
SBAC B 0.07%
CCI C 0.07%
PPG D 0.07%
IRM A 0.07%
SPG A 0.07%
LYB D 0.07%
DOW B 0.07%
WYNN B 0.07%
LVS B 0.07%
TFC D 0.06%
FIS C 0.06%
HBAN D 0.06%
FITB C 0.06%
KEY C 0.06%
PNC C 0.06%
MTB C 0.06%
AVY C 0.06%
ABT B 0.06%
MDT B 0.06%
IP C 0.06%
BSX A 0.06%
CPAY A 0.05%
NDAQ C 0.05%
LIN B 0.05%
MKTX C 0.05%
IFF C 0.05%
ECL B 0.05%
APD C 0.05%
BDX B 0.05%
BAX D 0.05%
FICO A 0.05%
SOLV C 0.05%
WST D 0.05%
EMN C 0.05%
JKHY A 0.05%
AJG D 0.04%
VRSK D 0.04%
SPGI C 0.04%
MA A 0.04%
FDS C 0.04%
GPN F 0.04%
MCO D 0.04%
MSCI B 0.04%
V C 0.04%
AXP A 0.04%
ICE A 0.04%
ROK D 0.03%
VLTO A 0.03%
TRMB B 0.03%
NDSN B 0.03%
EMR B 0.03%
FTV B 0.03%
SSPY Underweight 200 Positions Relative to BTAL
Symbol Grade Weight
MKL C -0.48%
SBRA C -0.48%
MDU C -0.47%
MSTR B -0.47%
FOXF F -0.47%
SFM A -0.46%
THG C -0.46%
RNR A -0.46%
OLLI C -0.46%
IBKR A -0.46%
CCK C -0.46%
HEI A -0.46%
ARMK A -0.45%
UNM A -0.45%
ZI F -0.45%
BWXT A -0.45%
RYAN A -0.45%
RGA C -0.45%
MSM D -0.45%
TXRH A -0.45%
TGNA B -0.45%
SAIC A -0.45%
PNM B -0.45%
VFC B -0.45%
CHH B -0.45%
WPC C -0.45%
CACI A -0.45%
NEU F -0.45%
DBX B -0.44%
AXS A -0.44%
ALSN A -0.44%
SIGI D -0.44%
RLI A -0.44%
EDR A -0.44%
CACC F -0.44%
UTHR C -0.44%
PCTY B -0.44%
ELS D -0.44%
DLB D -0.44%
FCN C -0.44%
WEN D -0.44%
WH C -0.44%
HQY C -0.44%
OHI C -0.44%
GLPI A -0.43%
ORI B -0.43%
FLO D -0.43%
SLGN C -0.43%
MAN D -0.43%
CLH C -0.43%
DOX B -0.43%
ADC B -0.43%
CW A -0.43%
COLM B -0.42%
ARW C -0.42%
BILL D -0.42%
HRB C -0.42%
NWL D -0.42%
G A -0.42%
CHE C -0.42%
LNG A -0.42%
X F -0.42%
MSA F -0.42%
LPLA D -0.41%
PAG D -0.41%
AVT C -0.41%
SNX C -0.41%
ASGN D -0.41%
MUSA D -0.4%
MUR F -0.4%
CFLT F -0.4%
JAZZ F -0.4%
TNET F -0.4%
KBR C -0.4%
ST F -0.4%
AGL F -0.39%
SRPT F -0.38%
WTM D -0.35%
BMRN F -0.33%
WOLF F --0.29%
BRZE F --0.31%
ELF F --0.32%
RIVN F --0.35%
CELH F --0.35%
ALLY F --0.35%
SEDG F --0.36%
RMBS F --0.37%
COIN F --0.37%
ARWR F --0.37%
CNXC F --0.38%
CNM F --0.38%
GH F --0.38%
RUN D --0.39%
OPEN F --0.39%
MTDR F --0.39%
ZS F --0.39%
DAR F --0.39%
DINO F --0.4%
RIG F --0.4%
MKSI F --0.4%
AMKR F --0.4%
DKS D --0.4%
NVCR F --0.4%
ELAN D --0.4%
APG F --0.41%
PEN D --0.41%
POWI F --0.41%
OC C --0.41%
NTLA F --0.41%
PENN D --0.42%
XPO F --0.42%
RGEN F --0.42%
WMS D --0.42%
COTY F --0.42%
OZK F --0.42%
LNC D --0.42%
CHX D --0.42%
ILMN B --0.42%
CRSP F --0.42%
SNV D --0.42%
ZION D --0.42%
RKT C --0.42%
GTLS F --0.43%
PNFP D --0.43%
MRVL C --0.44%
AGNC C --0.44%
SQ D --0.44%
TXG F --0.44%
NTRA A --0.44%
UGI C --0.44%
KSS D --0.44%
SOFI C --0.44%
CC D --0.44%
PATH D --0.44%
PINS D --0.44%
CAR D --0.44%
THO B --0.44%
NVT D --0.45%
JHG C --0.45%
RRC D --0.45%
NET D --0.45%
CWEN C --0.45%
PFGC A --0.45%
HHH C --0.45%
SSD B --0.45%
SEE C --0.45%
AXTA C --0.45%
WCC C --0.45%
VEEV C --0.45%
CG C --0.46%
RYN C --0.46%
TTD C --0.46%
AR B --0.46%
TREX D --0.46%
HOOD C --0.46%
FOUR B --0.46%
RBLX C --0.46%
USFD C --0.46%
LITE A --0.46%
WAL C --0.46%
NWE B --0.46%
BLD C --0.46%
GME F --0.47%
OWL A --0.47%
KRC C --0.47%
TOL A --0.47%
CMA C --0.47%
FND C --0.47%
JLL B --0.47%
ITT B --0.47%
AA B --0.47%
PTON C --0.47%
LAMR C --0.48%
SNAP D --0.48%
LPX A --0.48%
DKNG D --0.48%
DASH A --0.48%
TRU A --0.48%
CVNA A --0.48%
ROKU C --0.48%
TOST C --0.49%
COHR B --0.49%
TPG B --0.5%
VNO A --0.5%
LYFT D --0.5%
SMG A --0.5%
EXP C --0.5%
MDB F --0.51%
SHLS F --0.51%
IOT C --0.51%
SAIA D --0.51%
Z C --0.51%
FYBR C --0.53%
VRT B --0.53%
DNLI C --0.53%
W D --0.54%
TDOC D --0.54%
DUOL B --0.55%
RH C --0.56%
AFRM C --0.6%
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