SSPY vs. EFIV ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to SPDR S&P 500 ESG ETF (EFIV)

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

$80.43

Average Daily Volume

2,704

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

EFIV

SPDR S&P 500 ESG ETF

EFIV Description

• Seeks to provide investment results that, before fees and expenses, correspond generally to the S&P 500 ESG Index • EFIV is designed to track an index that is designed to select S&P 500 firms meeting certain sustainability criteria (criteria related to environmental, social and governance factors) while maintaining similar overall industry group weights as the S&P 500 Index • EFIV may serve as a potential ESG core exposure, based on its focus on sustainability criteria and comprehensive market coverage of the flagship core S&P 500 Index

Grade (RS Rating)

Last Trade

$55.35

Average Daily Volume

126,970

Number of Holdings ^*

316

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	EFIV
30 Days	3.30%	1.58%
60 Days	5.09%	2.96%
90 Days	6.57%	4.08%
12 Months	21.73%	29.90%

316 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in EFIV	Overlap
A	C	0.15%	0.12%	0.12%
AAL	D	0.18%	0.02%	0.02%
AAPL	C	0.5%	9.5%	0.5%
ABBV	C	0.28%	1.01%	0.28%
ABT	C	0.07%	0.6%	0.07%
ACGL	C	0.16%	0.12%	0.12%
ACN	C	0.16%	0.65%	0.16%
ADBE	F	0.16%	0.78%	0.16%
ADM	D	0.37%	0.09%	0.09%
ADP	B	0.25%	0.34%	0.25%
ADSK	C	0.19%	0.16%	0.16%
AFL	C	0.25%	0.17%	0.17%
AIG	D	0.24%	0.14%	0.14%
AIZ	B	0.28%	0.03%	0.03%
AJG	D	0.04%	0.19%	0.04%
AKAM	D	0.29%	0.04%	0.04%
ALB	D	0.04%	0.03%	0.03%
ALL	B	0.3%	0.14%	0.14%
ALLE	B	0.09%	0.04%	0.04%
AMAT	D	0.13%	0.45%	0.13%
AMCR	B	0.14%	0.05%	0.05%
AMD	D	0.12%	0.72%	0.12%
AME	C	0.12%	0.11%	0.11%
AMGN	B	0.28%	0.52%	0.28%
AMP	A	0.09%	0.13%	0.09%
AMT	C	0.08%	0.33%	0.08%
AON	B	0.04%	0.22%	0.04%
APD	B	0.05%	0.18%	0.05%
APTV	D	0.36%	0.05%	0.05%
ARE	C	0.12%	0.06%	0.06%
AVB	B	0.13%	0.1%	0.1%
AVY	C	0.06%	0.05%	0.05%
AWK	B	0.37%	0.08%	0.08%
AXON	B	0.11%	0.08%	0.08%
AXP	B	0.05%	0.43%	0.05%
BAC	D	0.12%	0.78%	0.12%
BALL	C	0.12%	0.06%	0.06%
BAX	C	0.06%	0.06%	0.06%
BBWI	F	0.11%	0.02%	0.02%
BBY	C	0.18%	0.06%	0.06%
BDX	D	0.05%	0.2%	0.05%
BEN	F	0.07%	0.02%	0.02%
BIIB	F	0.21%	0.09%	0.09%
BIO	C	0.09%	0.02%	0.02%
BK	B	0.13%	0.15%	0.13%
BKR	C	0.36%	0.1%	0.1%
BLK	B	0.09%	0.37%	0.09%
BMY	C	0.3%	0.29%	0.29%
BR	D	0.12%	0.07%	0.07%
BSX	B	0.07%	0.36%	0.07%
BWA	D	0.36%	0.02%	0.02%
BXP	B	0.14%	0.03%	0.03%
C	C	0.12%	0.32%	0.12%
CAG	C	0.24%	0.04%	0.04%
CAH	C	0.22%	0.08%	0.08%
CARR	B	0.09%	0.19%	0.09%
CAT	B	0.13%	0.49%	0.13%
CB	B	0.16%	0.35%	0.16%
CBOE	C	0.05%	0.06%	0.05%
CBRE	A	0.05%	0.11%	0.05%
CCL	C	0.09%	0.05%	0.05%
CF	C	0.09%	0.04%	0.04%
CFG	C	0.06%	0.05%	0.05%
CHRW	B	0.1%	0.03%	0.03%
CI	C	0.21%	0.3%	0.21%
CL	D	0.47%	0.26%	0.26%
CMCSA	D	0.51%	0.46%	0.46%
CME	C	0.05%	0.23%	0.05%
CMG	C	0.44%	0.23%	0.23%
CMI	C	0.08%	0.12%	0.08%
CNC	D	0.29%	0.12%	0.12%
COF	B	0.68%	0.16%	0.16%
COST	B	0.77%	1.2%	0.77%
CPAY	B	0.05%	0.07%	0.05%
CPB	C	0.24%	0.03%	0.03%
CRL	F	0.14%	0.03%	0.03%
CRM	D	0.36%	0.73%	0.36%
CSCO	C	0.22%	0.59%	0.22%
CSGP	D	0.04%	0.09%	0.04%
CSX	D	0.09%	0.19%	0.09%
CTAS	B	0.22%	0.21%	0.21%
CTVA	B	0.09%	0.11%	0.09%
CVS	D	0.63%	0.21%	0.21%
CVX	D	0.68%	0.71%	0.68%
CZR	C	0.07%	0.02%	0.02%
DAL	C	0.17%	0.08%	0.08%
DAY	D	0.26%	0.03%	0.03%
DE	B	0.13%	0.3%	0.13%
DECK	C	0.27%	0.07%	0.07%
DFS	B	0.71%	0.09%	0.09%
DGX	B	0.18%	0.05%	0.05%
DHI	B	0.33%	0.17%	0.17%
DHR	B	0.09%	0.53%	0.09%
DIS	D	0.18%	0.48%	0.18%
DLR	B	0.28%	0.15%	0.15%
DOC	C	0.12%	0.05%	0.05%
DOV	B	0.17%	0.08%	0.08%
DOW	D	0.06%	0.1%	0.06%
DVA	B	0.13%	0.02%	0.02%
DVN	F	0.14%	0.07%	0.07%
EA	D	0.52%	0.1%	0.1%
EBAY	B	0.18%	0.1%	0.1%
ECL	B	0.05%	0.19%	0.05%
ED	C	0.28%	0.11%	0.11%
EG	C	0.15%	0.05%	0.05%
EIX	C	0.29%	0.1%	0.1%
EL	F	0.31%	0.06%	0.06%
ELV	C	0.27%	0.38%	0.27%
EMR	D	0.03%	0.17%	0.03%
EQIX	C	0.3%	0.25%	0.25%
EQR	B	0.13%	0.08%	0.08%
EQT	D	0.14%	0.06%	0.06%
ES	C	0.09%	0.07%	0.07%
ETN	C	0.23%	0.36%	0.23%
ETR	B	0.29%	0.08%	0.08%
ETSY	F	0.13%	0.02%	0.02%
EW	F	0.05%	0.12%	0.05%
EXC	C	0.33%	0.12%	0.12%
EXPE	C	0.12%	0.05%	0.05%
EXR	B	0.12%	0.11%	0.11%
FANG	D	0.07%	0.09%	0.07%
FCX	D	0.22%	0.18%	0.18%
FDS	C	0.04%	0.05%	0.04%
FIS	B	0.06%	0.14%	0.06%
FITB	B	0.07%	0.08%	0.07%
FMC	C	0.09%	0.02%	0.02%
FRT	C	0.08%	0.03%	0.03%
FTV	C	0.03%	0.08%	0.03%
GE	B	0.19%	0.55%	0.19%
GILD	B	0.31%	0.31%	0.31%
GIS	B	0.24%	0.12%	0.12%
GL	C	0.27%	0.03%	0.03%
GM	C	0.24%	0.16%	0.16%
GOOG	D	0.19%	2.25%	0.19%
GOOGL	D	0.19%	2.69%	0.19%
GPC	D	0.15%	0.06%	0.06%
GPN	D	0.05%	0.08%	0.05%
GS	C	0.27%	0.45%	0.27%
GWW	B	0.14%	0.13%	0.13%
HAL	F	0.28%	0.07%	0.07%
HAS	B	0.28%	0.03%	0.03%
HBAN	B	0.06%	0.06%	0.06%
HD	B	0.27%	1.1%	0.27%
HES	F	0.06%	0.1%	0.06%
HIG	B	0.16%	0.1%	0.1%
HLT	B	0.11%	0.16%	0.11%
HOLX	B	0.09%	0.06%	0.06%
HPE	D	0.16%	0.06%	0.06%
HPQ	D	0.31%	0.08%	0.08%
HRL	C	0.39%	0.03%	0.03%
HST	C	0.11%	0.04%	0.04%
HSY	C	0.2%	0.09%	0.09%
HUBB	B	0.27%	0.06%	0.06%
HUM	F	0.23%	0.12%	0.12%
ICE	C	0.05%	0.27%	0.05%
IDXX	C	0.09%	0.12%	0.09%
IEX	D	0.19%	0.04%	0.04%
IFF	B	0.05%	0.08%	0.05%
INCY	C	0.26%	0.03%	0.03%
INTC	F	0.09%	0.24%	0.09%
IPG	C	0.34%	0.03%	0.03%
IR	C	0.18%	0.11%	0.11%
IRM	C	0.09%	0.1%	0.09%
ITW	C	0.18%	0.2%	0.18%
IVZ	B	0.09%	0.02%	0.02%
JBHT	D	0.09%	0.04%	0.04%
JCI	B	0.08%	0.14%	0.08%
JKHY	B	0.06%	0.04%	0.04%
JPM	D	0.13%	1.75%	0.13%
K	B	0.26%	0.06%	0.06%
KDP	B	0.27%	0.11%	0.11%
KEY	B	0.07%	0.04%	0.04%
KHC	C	0.23%	0.08%	0.08%
KIM	C	0.08%	0.05%	0.05%
KLAC	D	0.14%	0.29%	0.14%
KMI	B	0.27%	0.12%	0.12%
KMX	D	0.17%	0.04%	0.04%
KO	C	0.28%	0.82%	0.28%
KR	C	0.82%	0.11%	0.11%
LIN	B	0.05%	0.66%	0.05%
LKQ	F	0.15%	0.03%	0.03%
LLY	C	0.26%	2.21%	0.26%
LOW	B	0.28%	0.43%	0.28%
LRCX	F	0.12%	0.29%	0.12%
LULU	D	0.25%	0.09%	0.09%
LVS	D	0.06%	0.04%	0.04%
LW	D	0.16%	0.03%	0.03%
LYB	D	0.07%	0.07%	0.07%
MA	B	0.05%	1.2%	0.05%
MAR	C	0.11%	0.17%	0.11%
MAS	B	0.21%	0.05%	0.05%
MCD	B	0.57%	0.62%	0.57%
MCO	B	0.05%	0.22%	0.05%
MDLZ	B	0.21%	0.29%	0.21%
MDT	C	0.07%	0.35%	0.07%
MET	B	0.22%	0.14%	0.14%
MGM	F	0.06%	0.03%	0.03%
MHK	C	0.25%	0.02%	0.02%
MKC	C	0.26%	0.06%	0.06%
MKTX	C	0.06%	0.03%	0.03%
MMC	C	0.04%	0.34%	0.04%
MOS	F	0.08%	0.02%	0.02%
MPC	F	0.46%	0.17%	0.17%
MRK	D	0.22%	0.86%	0.22%
MRNA	F	0.12%	0.07%	0.07%
MS	D	0.26%	0.36%	0.26%
MSCI	C	0.05%	0.13%	0.05%
MSFT	C	0.32%	9.39%	0.32%
MTB	B	0.07%	0.08%	0.07%
MTD	D	0.13%	0.09%	0.09%
MU	F	0.08%	0.29%	0.08%
NCLH	C	0.1%	0.02%	0.02%
NDAQ	A	0.05%	0.09%	0.05%
NEE	C	0.28%	0.51%	0.28%
NEM	B	0.32%	0.18%	0.18%
NKE	D	0.25%	0.28%	0.25%
NSC	C	0.09%	0.17%	0.09%
NTRS	A	0.09%	0.05%	0.05%
NVDA	D	0.11%	8.67%	0.11%
NWS	D	0.1%	0.01%	0.01%
NWSA	D	0.09%	0.03%	0.03%
OKE	B	0.29%	0.16%	0.16%
OMC	B	0.37%	0.06%	0.06%
ON	D	0.21%	0.09%	0.09%
OTIS	C	0.07%	0.11%	0.07%
OXY	F	0.06%	0.1%	0.06%
PARA	F	0.2%	0.01%	0.01%
PAYX	C	0.24%	0.13%	0.13%
PCAR	D	0.11%	0.15%	0.11%
PEG	B	0.28%	0.12%	0.12%
PEP	C	0.2%	0.72%	0.2%
PFE	C	0.27%	0.49%	0.27%
PFG	B	0.21%	0.05%	0.05%
PG	C	0.44%	1.21%	0.44%
PH	B	0.09%	0.22%	0.09%
PHM	B	0.3%	0.08%	0.08%
PLD	C	0.08%	0.36%	0.08%
PNC	B	0.06%	0.21%	0.06%
PNR	B	0.22%	0.04%	0.04%
POOL	C	0.13%	0.04%	0.04%
PPG	D	0.06%	0.09%	0.06%
PRU	C	0.2%	0.12%	0.12%
PSA	B	0.14%	0.17%	0.14%
PSX	F	0.45%	0.16%	0.16%
PWR	B	0.36%	0.12%	0.12%
PYPL	B	0.06%	0.22%	0.06%
QCOM	D	0.17%	0.55%	0.17%
RCL	B	0.09%	0.12%	0.09%
REG	C	0.08%	0.04%	0.04%
REGN	C	0.27%	0.37%	0.27%
RF	B	0.06%	0.06%	0.06%
RJF	C	0.25%	0.06%	0.06%
RL	C	0.3%	0.02%	0.02%
RMD	C	0.12%	0.11%	0.11%
ROK	D	0.03%	0.09%	0.03%
ROST	C	0.77%	0.15%	0.15%
RSG	D	0.2%	0.12%	0.12%
SBAC	C	0.08%	0.08%	0.08%
SBUX	C	0.59%	0.33%	0.33%
SCHW	D	0.21%	0.27%	0.21%
SHW	B	0.08%	0.26%	0.08%
SJM	C	0.23%	0.04%	0.04%
SLB	F	0.31%	0.17%	0.17%
SPGI	B	0.05%	0.49%	0.05%
SRE	C	0.08%	0.15%	0.08%
STT	A	0.13%	0.07%	0.07%
SW	B	0.06%	0.07%	0.06%
SWK	B	0.3%	0.04%	0.04%
SYF	C	0.74%	0.06%	0.06%
SYK	C	0.13%	0.37%	0.13%
SYY	D	0.8%	0.11%	0.11%
T	C	0.41%	0.46%	0.41%
TAP	D	0.27%	0.03%	0.03%
TEL	D	0.18%	0.13%	0.13%
TFC	C	0.06%	0.16%	0.06%
TFX	C	0.06%	0.03%	0.03%
TGT	C	0.18%	0.2%	0.18%
TJX	B	0.81%	0.39%	0.39%
TMUS	C	0.38%	0.31%	0.31%
TPR	C	0.3%	0.03%	0.03%
TRGP	B	0.31%	0.1%	0.1%
TROW	D	0.07%	0.07%	0.07%
TRV	C	0.16%	0.16%	0.16%
TSCO	C	0.12%	0.09%	0.09%
TSLA	C	0.31%	1.89%	0.31%
TSN	C	0.42%	0.05%	0.05%
TT	B	0.08%	0.24%	0.08%
TTWO	C	0.47%	0.07%	0.07%
UBER	C	0.11%	0.42%	0.11%
UDR	C	0.13%	0.04%	0.04%
ULTA	D	0.16%	0.05%	0.05%
UNH	C	0.31%	1.6%	0.31%
UNP	C	0.09%	0.45%	0.09%
UPS	D	0.08%	0.28%	0.08%
URI	B	0.14%	0.14%	0.14%
USB	B	0.06%	0.2%	0.06%
V	C	0.05%	1.33%	0.05%
VLO	F	0.43%	0.13%	0.13%
VRSK	D	0.04%	0.11%	0.04%
VTR	C	0.14%	0.08%	0.08%
WAB	B	0.13%	0.09%	0.09%
WAT	C	0.15%	0.06%	0.06%
WBA	F	0.38%	0.02%	0.02%
WDC	D	0.16%	0.06%	0.06%
WELL	C	0.13%	0.23%	0.13%
WM	D	0.19%	0.23%	0.19%
WMB	B	0.27%	0.16%	0.16%
WMT	C	0.88%	1.01%	0.88%
WTW	C	0.04%	0.09%	0.04%
WY	C	0.18%	0.07%	0.07%
WYNN	D	0.06%	0.02%	0.02%
XOM	C	0.76%	1.48%	0.76%
XYL	C	0.18%	0.09%	0.09%
YUM	D	0.48%	0.11%	0.11%
ZBH	F	0.12%	0.06%	0.06%
ZTS	C	0.28%	0.26%	0.26%

SSPY Overweight 180 Positions Relative to EFIV

Symbol	Grade	Weight
CHTR	D	0.61%
MSI	B	0.58%
KVUE	C	0.54%
BRK.A	C	0.54%
CLX	C	0.52%
L	C	0.52%
DRI	B	0.52%
MTCH	C	0.48%
META	B	0.46%
PM	C	0.45%
MO	C	0.43%
KMB	D	0.43%
IBM	B	0.42%
UHS	B	0.41%
CHD	D	0.41%
NI	B	0.4%
ORCL	C	0.4%
TYL	C	0.4%
NOW	B	0.4%
ATO	B	0.39%
HCA	B	0.39%
J	C	0.38%
DPZ	F	0.38%
VZ	B	0.37%
BG	D	0.35%
GRMN	D	0.35%
PGR	B	0.31%
NVR	B	0.3%
VST	C	0.3%
NRG	C	0.3%
MOH	D	0.3%
AES	C	0.29%
JBL	D	0.29%
AEP	C	0.29%
LEN	B	0.29%
FE	C	0.28%
JNJ	C	0.28%
VTRS	D	0.28%
CDNS	D	0.28%
D	C	0.28%
GDDY	C	0.28%
CEG	C	0.27%
DTE	C	0.27%
SNPS	D	0.27%
PAYC	D	0.26%
MNST	D	0.26%
SNA	C	0.26%
VRSN	D	0.26%
CTLT	B	0.26%
FFIV	B	0.25%
VRTX	D	0.25%
INTU	C	0.24%
MPWR	C	0.24%
STZ	D	0.24%
BLDR	C	0.23%
WBD	D	0.23%
MMM	B	0.22%
ENPH	D	0.22%
GEV	B	0.22%
TXN	C	0.22%
CNP	C	0.22%
NFLX	B	0.22%
STLD	F	0.22%
F	F	0.22%
NUE	F	0.22%
HSIC	C	0.21%
AVGO	C	0.21%
ADI	C	0.21%
GLW	C	0.21%
JNPR	B	0.21%
ANET	B	0.21%
KEYS	C	0.21%
SWKS	D	0.2%
CPRT	D	0.2%
FTNT	C	0.2%
UAL	C	0.19%
STX	C	0.19%
ROL	C	0.19%
QRVO	F	0.19%
PANW	D	0.18%
AOS	D	0.18%
NTAP	D	0.18%
LUV	C	0.18%
NXPI	F	0.18%
ORLY	C	0.17%
TXT	D	0.17%
APH	D	0.17%
CINF	B	0.17%
GD	B	0.17%
MCK	F	0.17%
IQV	C	0.16%
WRB	C	0.16%
FSLR	C	0.16%
CTSH	C	0.16%
HON	D	0.16%
ANSS	D	0.16%
PTC	D	0.16%
AZO	D	0.15%
MLM	D	0.15%
TMO	B	0.15%
EPAM	F	0.15%
IT	B	0.15%
VMC	D	0.15%
FAST	C	0.14%
STE	C	0.14%
TECH	C	0.14%
ZBRA	B	0.14%
CTRA	D	0.14%
LDOS	B	0.14%
ISRG	B	0.14%
BA	F	0.14%
TER	D	0.14%
AMZN	C	0.14%
MAA	B	0.13%
FOX	B	0.12%
FOXA	B	0.12%
CDW	D	0.12%
ESS	B	0.12%
CPT	B	0.12%
BKNG	C	0.12%
MCHP	F	0.11%
DLTR	F	0.11%
DG	F	0.11%
INVH	C	0.11%
CRWD	D	0.11%
WFC	D	0.11%
PODD	B	0.11%
ALGN	D	0.1%
FDX	C	0.1%
NOC	B	0.1%
LMT	C	0.1%
BX	B	0.1%
SMCI	F	0.1%
DUK	C	0.09%
LHX	C	0.09%
SO	B	0.09%
ABNB	D	0.09%
PPL	C	0.09%
EVRG	B	0.09%
HWM	B	0.09%
PNW	C	0.09%
CMS	C	0.09%
ODFL	D	0.09%
HII	D	0.09%
XEL	B	0.09%
WEC	C	0.09%
AEE	C	0.09%
LNT	B	0.09%
GEHC	C	0.09%
LYV	B	0.09%
RTX	C	0.09%
KKR	B	0.09%
GNRC	D	0.08%
O	C	0.08%
VICI	C	0.08%
CCI	C	0.08%
EXPD	C	0.08%
PCG	C	0.08%
COP	D	0.07%
IP	B	0.07%
MRO	C	0.07%
EOG	D	0.07%
SPG	B	0.07%
PKG	B	0.07%
TDG	B	0.07%
FICO	B	0.06%
CE	F	0.06%
DXCM	F	0.06%
APA	F	0.06%
SOLV	C	0.06%
DD	B	0.05%
EMN	B	0.05%
EFX	B	0.05%
TDY	B	0.04%
BRO	C	0.04%
WST	D	0.04%
ROP	C	0.03%
TRMB	C	0.03%
VLTO	C	0.03%
NDSN	C	0.03%

SSPY Underweight 0 Positions Relative to EFIV

	Symbol	Grade	Weight