SSPY vs. IVE ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to iShares S&P 500 Value ETF (IVE)

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

IVE

iShares S&P 500 Value ETF

IVE Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P 500® Value Index (the "underlying index"), which measures the performance of the large-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$196.65

Average Daily Volume

484,630

Number of Holdings ^*

437

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	IVE
30 Days	3.30%	3.06%
60 Days	5.09%	5.00%
90 Days	6.57%	7.66%
12 Months	21.73%	25.66%

431 Overlapping Holdings

	Symbol	Grade	Weight in SSPY	Weight in IVE	Overlap
	A	C	0.15%	0.19%	0.15%
	AAL	D	0.18%	0.03%	0.03%
	ABBV	C	0.28%	1.04%	0.28%
	ABNB	D	0.09%	0.13%	0.09%
	ABT	C	0.07%	0.98%	0.07%
	ACN	C	0.16%	0.49%	0.16%
	ADI	C	0.21%	0.22%	0.21%
	ADM	D	0.37%	0.14%	0.14%
	ADP	B	0.25%	0.33%	0.25%
	ADSK	C	0.19%	0.13%	0.13%
	AEE	C	0.09%	0.11%	0.09%
	AEP	C	0.29%	0.26%	0.26%
	AES	C	0.29%	0.06%	0.06%
	AFL	C	0.25%	0.27%	0.25%
	AIG	D	0.24%	0.23%	0.23%
	AIZ	B	0.28%	0.05%	0.05%
	AJG	D	0.04%	0.15%	0.04%
	AKAM	D	0.29%	0.04%	0.04%
	ALB	D	0.04%	0.05%	0.04%
	ALGN	D	0.1%	0.04%	0.04%
	ALL	B	0.3%	0.24%	0.24%
	ALLE	B	0.09%	0.04%	0.04%
	AMCR	B	0.14%	0.08%	0.08%
	AME	C	0.12%	0.1%	0.1%
	AMGN	B	0.28%	0.86%	0.28%
	AMP	A	0.09%	0.1%	0.09%
	AMT	C	0.08%	0.32%	0.08%
	ANSS	D	0.16%	0.06%	0.06%
	AON	B	0.04%	0.18%	0.04%
	AOS	D	0.18%	0.02%	0.02%
	APD	B	0.05%	0.3%	0.05%
	APH	D	0.17%	0.16%	0.16%
	APTV	D	0.36%	0.09%	0.09%
	ARE	C	0.12%	0.09%	0.09%
	ATO	B	0.39%	0.1%	0.1%
	AVB	B	0.13%	0.16%	0.13%
	AVY	C	0.06%	0.09%	0.06%
	AWK	B	0.37%	0.14%	0.14%
	AXP	B	0.05%	0.21%	0.05%
	AZO	D	0.15%	0.08%	0.08%
	BA	F	0.14%	0.24%	0.14%
	BAC	D	0.12%	1.27%	0.12%
	BALL	C	0.12%	0.1%	0.1%
	BAX	C	0.06%	0.1%	0.06%
	BBWI	F	0.11%	0.03%	0.03%
	BBY	C	0.18%	0.09%	0.09%
	BDX	D	0.05%	0.33%	0.05%
	BEN	F	0.07%	0.03%	0.03%
	BG	D	0.35%	0.07%	0.07%
	BIIB	F	0.21%	0.14%	0.14%
	BIO	C	0.09%	0.03%	0.03%
	BK	B	0.13%	0.25%	0.13%
	BKR	C	0.36%	0.16%	0.16%
	BLK	B	0.09%	0.6%	0.09%
	BMY	C	0.3%	0.48%	0.3%
	BR	D	0.12%	0.05%	0.05%
	BRK.A	C	0.54%	3.91%	0.54%
	BRO	C	0.04%	0.03%	0.03%
	BSX	B	0.07%	0.27%	0.07%
	BWA	D	0.36%	0.04%	0.04%
	BX	B	0.1%	0.15%	0.1%
	BXP	B	0.14%	0.06%	0.06%
	C	C	0.12%	0.53%	0.12%
	CAG	C	0.24%	0.07%	0.07%
	CAH	C	0.22%	0.13%	0.13%
	CARR	B	0.09%	0.16%	0.09%
	CAT	B	0.13%	0.34%	0.13%
	CB	B	0.16%	0.57%	0.16%
	CBOE	C	0.05%	0.04%	0.04%
	CBRE	A	0.05%	0.17%	0.05%
	CCI	C	0.08%	0.25%	0.08%
	CCL	C	0.09%	0.02%	0.02%
	CDW	D	0.12%	0.08%	0.08%
	CEG	C	0.27%	0.16%	0.16%
	CF	C	0.09%	0.03%	0.03%
	CFG	C	0.06%	0.09%	0.06%
	CHD	D	0.41%	0.07%	0.07%
	CHRW	B	0.1%	0.06%	0.06%
	CHTR	D	0.61%	0.09%	0.09%
	CI	C	0.21%	0.5%	0.21%
	CINF	B	0.17%	0.1%	0.1%
	CL	D	0.47%	0.26%	0.26%
	CLX	C	0.52%	0.1%	0.1%
	CMCSA	D	0.51%	0.75%	0.51%
	CME	C	0.05%	0.24%	0.05%
	CMI	C	0.08%	0.2%	0.08%
	CMS	C	0.09%	0.1%	0.09%
	CNC	D	0.29%	0.19%	0.19%
	CNP	C	0.22%	0.09%	0.09%
	COF	B	0.68%	0.26%	0.26%
	COP	D	0.07%	0.18%	0.07%
	COST	B	0.77%	1.14%	0.77%
	CPB	C	0.24%	0.05%	0.05%
	CPT	B	0.12%	0.06%	0.06%
	CRL	F	0.14%	0.05%	0.05%
	CSCO	C	0.22%	0.97%	0.22%
	CSGP	D	0.04%	0.09%	0.04%
	CSX	D	0.09%	0.16%	0.09%
	CTAS	B	0.22%	0.16%	0.16%
	CTLT	B	0.26%	0.05%	0.05%
	CTRA	D	0.14%	0.03%	0.03%
	CTSH	C	0.16%	0.19%	0.16%
	CTVA	B	0.09%	0.19%	0.09%
	CVS	D	0.63%	0.35%	0.35%
	CVX	D	0.68%	1.16%	0.68%
	CZR	C	0.07%	0.02%	0.02%
	D	C	0.28%	0.24%	0.24%
	DAL	C	0.17%	0.06%	0.06%
	DAY	D	0.26%	0.02%	0.02%
	DD	B	0.05%	0.16%	0.05%
	DE	B	0.13%	0.21%	0.13%
	DFS	B	0.71%	0.07%	0.07%
	DG	F	0.11%	0.09%	0.09%
	DGX	B	0.18%	0.08%	0.08%
	DHR	B	0.09%	0.87%	0.09%
	DIS	D	0.18%	0.8%	0.18%
	DLR	B	0.28%	0.15%	0.15%
	DLTR	F	0.11%	0.07%	0.07%
	DOC	C	0.12%	0.08%	0.08%
	DOV	B	0.17%	0.12%	0.12%
	DOW	D	0.06%	0.17%	0.06%
	DPZ	F	0.38%	0.04%	0.04%
	DRI	B	0.52%	0.04%	0.04%
	DTE	C	0.27%	0.13%	0.13%
	DUK	C	0.09%	0.44%	0.09%
	DVA	B	0.13%	0.02%	0.02%
	DVN	F	0.14%	0.12%	0.12%
	DXCM	F	0.06%	0.05%	0.05%
	EA	D	0.52%	0.1%	0.1%
	EBAY	B	0.18%	0.16%	0.16%
	ECL	B	0.05%	0.15%	0.05%
	ED	C	0.28%	0.17%	0.17%
	EFX	B	0.05%	0.11%	0.05%
	EG	C	0.15%	0.08%	0.08%
	EIX	C	0.29%	0.16%	0.16%
	EL	F	0.31%	0.09%	0.09%
	ELV	C	0.27%	0.62%	0.27%
	EMN	B	0.05%	0.06%	0.05%
	EMR	D	0.03%	0.28%	0.03%
	ENPH	D	0.22%	0.05%	0.05%
	EOG	D	0.07%	0.11%	0.07%
	EPAM	F	0.15%	0.03%	0.03%
	EQIX	C	0.3%	0.21%	0.21%
	EQR	B	0.13%	0.13%	0.13%
	EQT	D	0.14%	0.09%	0.09%
	ES	C	0.09%	0.12%	0.09%
	ESS	B	0.12%	0.1%	0.1%
	ETN	C	0.23%	0.22%	0.22%
	ETR	B	0.29%	0.13%	0.13%
	ETSY	F	0.13%	0.02%	0.02%
	EVRG	B	0.09%	0.07%	0.07%
	EW	F	0.05%	0.13%	0.05%
	EXC	C	0.33%	0.19%	0.19%
	EXPD	C	0.08%	0.05%	0.05%
	EXR	B	0.12%	0.18%	0.12%
	F	F	0.22%	0.2%	0.2%
	FAST	C	0.14%	0.1%	0.1%
	FCX	D	0.22%	0.15%	0.15%
	FDS	C	0.04%	0.04%	0.04%
	FDX	C	0.1%	0.31%	0.1%
	FE	C	0.28%	0.11%	0.11%
	FFIV	B	0.25%	0.06%	0.06%
	FIS	B	0.06%	0.23%	0.06%
	FITB	B	0.07%	0.14%	0.07%
	FMC	C	0.09%	0.04%	0.04%
	FOX	B	0.12%	0.02%	0.02%
	FOXA	B	0.12%	0.04%	0.04%
	FRT	C	0.08%	0.04%	0.04%
	FSLR	C	0.16%	0.12%	0.12%
	GD	B	0.17%	0.33%	0.17%
	GE	B	0.19%	0.54%	0.19%
	GEHC	C	0.09%	0.18%	0.09%
	GEV	B	0.22%	0.17%	0.17%
	GILD	B	0.31%	0.5%	0.31%
	GIS	B	0.24%	0.2%	0.2%
	GL	C	0.27%	0.04%	0.04%
	GLW	C	0.21%	0.16%	0.16%
	GM	C	0.24%	0.26%	0.24%
	GNRC	D	0.08%	0.02%	0.02%
	GPC	D	0.15%	0.09%	0.09%
	GPN	D	0.05%	0.14%	0.05%
	GRMN	D	0.35%	0.06%	0.06%
	GS	C	0.27%	0.75%	0.27%
	GWW	B	0.14%	0.05%	0.05%
	HAL	F	0.28%	0.12%	0.12%
	HAS	B	0.28%	0.04%	0.04%
	HBAN	B	0.06%	0.1%	0.06%
	HCA	B	0.39%	0.19%	0.19%
	HD	B	0.27%	1.14%	0.27%
	HIG	B	0.16%	0.16%	0.16%
	HII	D	0.09%	0.05%	0.05%
	HOLX	B	0.09%	0.09%	0.09%
	HON	D	0.16%	0.64%	0.16%
	HPE	D	0.16%	0.11%	0.11%
	HPQ	D	0.31%	0.14%	0.14%
	HRL	C	0.39%	0.04%	0.04%
	HSIC	C	0.21%	0.04%	0.04%
	HST	C	0.11%	0.02%	0.02%
	HSY	C	0.2%	0.09%	0.09%
	HUBB	B	0.27%	0.06%	0.06%
	HUM	F	0.23%	0.19%	0.19%
	HWM	B	0.09%	0.07%	0.07%
	IBM	B	0.42%	0.95%	0.42%
	ICE	C	0.05%	0.45%	0.05%
	IDXX	C	0.09%	0.09%	0.09%
	IEX	D	0.19%	0.07%	0.07%
	IFF	B	0.05%	0.13%	0.05%
	INCY	C	0.26%	0.05%	0.05%
	INTC	F	0.09%	0.4%	0.09%
	INVH	C	0.11%	0.1%	0.1%
	IP	B	0.07%	0.08%	0.07%
	IPG	C	0.34%	0.06%	0.06%
	IQV	C	0.16%	0.13%	0.13%
	IR	C	0.18%	0.04%	0.04%
	IRM	C	0.09%	0.08%	0.08%
	ISRG	B	0.14%	0.29%	0.14%
	ITW	C	0.18%	0.18%	0.18%
	IVZ	B	0.09%	0.03%	0.03%
	J	C	0.38%	0.09%	0.09%
	JBHT	D	0.09%	0.07%	0.07%
	JBL	D	0.29%	0.03%	0.03%
	JCI	B	0.08%	0.24%	0.08%
	JKHY	B	0.06%	0.06%	0.06%
	JNJ	C	0.28%	1.92%	0.28%
	JNPR	B	0.21%	0.06%	0.06%
	JPM	D	0.13%	2.83%	0.13%
	K	B	0.26%	0.1%	0.1%
	KDP	B	0.27%	0.19%	0.19%
	KEY	B	0.07%	0.07%	0.07%
	KEYS	C	0.21%	0.13%	0.13%
	KHC	C	0.23%	0.14%	0.14%
	KIM	C	0.08%	0.08%	0.08%
	KMB	D	0.43%	0.23%	0.23%
	KMI	B	0.27%	0.2%	0.2%
	KMX	D	0.17%	0.06%	0.06%
	KO	C	0.28%	0.81%	0.28%
	KR	C	0.82%	0.18%	0.18%
	KVUE	C	0.54%	0.22%	0.22%
	L	C	0.52%	0.07%	0.07%
	LDOS	B	0.14%	0.1%	0.1%
	LEN	B	0.29%	0.1%	0.1%
	LHX	C	0.09%	0.21%	0.09%
	LIN	B	0.05%	0.52%	0.05%
	LKQ	F	0.15%	0.05%	0.05%
	LMT	C	0.1%	0.59%	0.1%
	LNT	B	0.09%	0.07%	0.07%
	LOW	B	0.28%	0.71%	0.28%
	LUV	C	0.18%	0.08%	0.08%
	LVS	D	0.06%	0.03%	0.03%
	LW	D	0.16%	0.02%	0.02%
	LYB	D	0.07%	0.12%	0.07%
	MA	B	0.05%	0.55%	0.05%
	MAA	B	0.13%	0.09%	0.09%
	MAS	B	0.21%	0.04%	0.04%
	MCD	B	0.57%	0.58%	0.57%
	MCHP	F	0.11%	0.08%	0.08%
	MCK	F	0.17%	0.33%	0.17%
	MCO	B	0.05%	0.19%	0.05%
	MDLZ	B	0.21%	0.28%	0.21%
	MDT	C	0.07%	0.58%	0.07%
	MET	B	0.22%	0.22%	0.22%
	MGM	F	0.06%	0.01%	0.01%
	MHK	C	0.25%	0.04%	0.04%
	MKC	C	0.26%	0.1%	0.1%
	MKTX	C	0.06%	0.05%	0.05%
	MLM	D	0.15%	0.05%	0.05%
	MMC	C	0.04%	0.26%	0.04%
	MMM	B	0.22%	0.36%	0.22%
	MNST	D	0.26%	0.07%	0.07%
	MO	C	0.43%	0.44%	0.43%
	MOH	D	0.3%	0.04%	0.04%
	MOS	F	0.08%	0.04%	0.04%
	MPC	F	0.46%	0.13%	0.13%
	MRK	D	0.22%	0.85%	0.22%
	MRNA	F	0.12%	0.11%	0.11%
	MRO	C	0.07%	0.03%	0.03%
	MS	D	0.26%	0.59%	0.26%
	MSCI	C	0.05%	0.09%	0.05%
	MSI	B	0.58%	0.15%	0.15%
	MTB	B	0.07%	0.14%	0.07%
	MTCH	C	0.48%	0.05%	0.05%
	MTD	D	0.13%	0.09%	0.09%
	MU	F	0.08%	0.49%	0.08%
	NDAQ	A	0.05%	0.15%	0.05%
	NDSN	C	0.03%	0.07%	0.03%
	NEE	C	0.28%	0.84%	0.28%
	NEM	B	0.32%	0.3%	0.3%
	NI	B	0.4%	0.07%	0.07%
	NKE	D	0.25%	0.26%	0.25%
	NOC	B	0.1%	0.35%	0.1%
	NRG	C	0.3%	0.08%	0.08%
	NSC	C	0.09%	0.27%	0.09%
	NTAP	D	0.18%	0.07%	0.07%
	NTRS	A	0.09%	0.09%	0.09%
	NUE	F	0.22%	0.06%	0.06%
	NWS	D	0.1%	0.01%	0.01%
	NWSA	D	0.09%	0.05%	0.05%
	NXPI	F	0.18%	0.07%	0.07%
	O	C	0.08%	0.26%	0.08%
	OKE	B	0.29%	0.1%	0.1%
	OMC	B	0.37%	0.1%	0.1%
	ON	D	0.21%	0.08%	0.08%
	ORLY	C	0.17%	0.09%	0.09%
	OTIS	C	0.07%	0.11%	0.07%
	OXY	F	0.06%	0.17%	0.06%
	PARA	F	0.2%	0.03%	0.03%
	PAYC	D	0.26%	0.02%	0.02%
	PAYX	C	0.24%	0.12%	0.12%
	PCAR	D	0.11%	0.06%	0.06%
	PCG	C	0.08%	0.2%	0.08%
	PEG	B	0.28%	0.2%	0.2%
	PEP	C	0.2%	0.75%	0.2%
	PFE	C	0.27%	0.8%	0.27%
	PFG	B	0.21%	0.09%	0.09%
	PG	C	0.44%	1.21%	0.44%
	PGR	B	0.31%	0.36%	0.31%
	PH	B	0.09%	0.08%	0.08%
	PKG	B	0.07%	0.09%	0.07%
	PLD	C	0.08%	0.58%	0.08%
	PM	C	0.45%	0.59%	0.45%
	PNC	B	0.06%	0.34%	0.06%
	PNR	B	0.22%	0.02%	0.02%
	PNW	C	0.09%	0.05%	0.05%
	PODD	B	0.11%	0.05%	0.05%
	POOL	C	0.13%	0.03%	0.03%
	PPG	D	0.06%	0.14%	0.06%
	PPL	C	0.09%	0.12%	0.09%
	PRU	C	0.2%	0.2%	0.2%
	PSA	B	0.14%	0.16%	0.14%
	PSX	F	0.45%	0.26%	0.26%
	PTC	D	0.16%	0.04%	0.04%
	PWR	B	0.36%	0.06%	0.06%
	PYPL	B	0.06%	0.35%	0.06%
	QCOM	D	0.17%	0.43%	0.17%
	QRVO	F	0.19%	0.05%	0.05%
	REG	C	0.08%	0.06%	0.06%
	REGN	C	0.27%	0.24%	0.24%
	RF	B	0.06%	0.1%	0.06%
	RJF	C	0.25%	0.11%	0.11%
	RL	C	0.3%	0.02%	0.02%
	RMD	C	0.12%	0.18%	0.12%
	ROK	D	0.03%	0.08%	0.03%
	ROL	C	0.19%	0.04%	0.04%
	ROP	C	0.03%	0.16%	0.03%
	RSG	D	0.2%	0.09%	0.09%
	RTX	C	0.09%	0.76%	0.09%
	SBAC	C	0.08%	0.08%	0.08%
	SBUX	C	0.59%	0.22%	0.22%
	SCHW	D	0.21%	0.45%	0.21%
	SHW	B	0.08%	0.21%	0.08%
	SJM	C	0.23%	0.06%	0.06%
	SLB	F	0.31%	0.28%	0.28%
	SNA	C	0.26%	0.04%	0.04%
	SO	B	0.09%	0.47%	0.09%
	SOLV	C	0.06%	0.05%	0.05%
	SPG	B	0.07%	0.16%	0.07%
	SPGI	B	0.05%	0.45%	0.05%
	SRE	C	0.08%	0.25%	0.08%
	STE	C	0.14%	0.05%	0.05%
	STLD	F	0.22%	0.03%	0.03%
	STT	A	0.13%	0.12%	0.12%
	STX	C	0.19%	0.06%	0.06%
	STZ	D	0.24%	0.2%	0.2%
	SW	B	0.06%	0.11%	0.06%
	SWK	B	0.3%	0.08%	0.08%
	SWKS	D	0.2%	0.08%	0.08%
	SYF	C	0.74%	0.09%	0.09%
	SYK	C	0.13%	0.22%	0.13%
	SYY	D	0.8%	0.18%	0.18%
	T	C	0.41%	0.75%	0.41%
	TAP	D	0.27%	0.05%	0.05%
	TDY	B	0.04%	0.1%	0.04%
	TECH	C	0.14%	0.06%	0.06%
	TEL	D	0.18%	0.13%	0.13%
	TER	D	0.14%	0.1%	0.1%
	TFC	C	0.06%	0.27%	0.06%
	TFX	C	0.06%	0.06%	0.06%
	TGT	C	0.18%	0.34%	0.18%
	TJX	B	0.81%	0.23%	0.23%
	TMO	B	0.15%	0.7%	0.15%
	TMUS	C	0.38%	0.5%	0.38%
	TPR	C	0.3%	0.05%	0.05%
	TRMB	C	0.03%	0.07%	0.03%
	TROW	D	0.07%	0.11%	0.07%
	TRV	C	0.16%	0.26%	0.16%
	TSCO	C	0.12%	0.09%	0.09%
	TSN	C	0.42%	0.08%	0.08%
	TT	B	0.08%	0.12%	0.08%
	TTWO	C	0.47%	0.06%	0.06%
	TXN	C	0.22%	0.55%	0.22%
	TXT	D	0.17%	0.08%	0.08%
	UAL	C	0.19%	0.08%	0.08%
	UDR	C	0.13%	0.07%	0.07%
	UHS	B	0.41%	0.07%	0.07%
	ULTA	D	0.16%	0.03%	0.03%
	UNH	C	0.31%	1.64%	0.31%
	UNP	C	0.09%	0.4%	0.09%
	UPS	D	0.08%	0.45%	0.08%
	USB	B	0.06%	0.34%	0.06%
	V	C	0.05%	0.74%	0.05%
	VICI	C	0.08%	0.17%	0.08%
	VLO	F	0.43%	0.21%	0.21%
	VLTO	C	0.03%	0.12%	0.03%
	VMC	D	0.15%	0.05%	0.05%
	VRSK	D	0.04%	0.08%	0.04%
	VRSN	D	0.26%	0.04%	0.04%
	VRTX	D	0.25%	0.22%	0.22%
	VTR	C	0.14%	0.13%	0.13%
	VTRS	D	0.28%	0.07%	0.07%
	VZ	B	0.37%	0.9%	0.37%
	WAB	B	0.13%	0.14%	0.13%
	WAT	C	0.15%	0.06%	0.06%
	WBA	F	0.38%	0.03%	0.03%
	WBD	D	0.23%	0.09%	0.09%
	WDC	D	0.16%	0.1%	0.1%
	WEC	C	0.09%	0.15%	0.09%
	WELL	C	0.13%	0.37%	0.13%
	WFC	D	0.11%	0.89%	0.11%
	WM	D	0.19%	0.19%	0.19%
	WMB	B	0.27%	0.16%	0.16%
	WMT	C	0.88%	1.66%	0.88%
	WRB	C	0.16%	0.09%	0.09%
	WTW	C	0.04%	0.14%	0.04%
	WY	C	0.18%	0.11%	0.11%
	XEL	B	0.09%	0.17%	0.09%
	XOM	C	0.76%	2.41%	0.76%
	XYL	C	0.18%	0.15%	0.15%
	YUM	D	0.48%	0.1%	0.1%
	ZBH	F	0.12%	0.11%	0.11%
	ZBRA	B	0.14%	0.08%	0.08%
	ZTS	C	0.28%	0.19%	0.19%

SSPY Overweight 65 Positions Relative to IVE

	Symbol	Grade	Weight
	ROST	C	0.77%
	AAPL	C	0.5%
	META	B	0.46%
	CMG	C	0.44%
	ORCL	C	0.4%
	TYL	C	0.4%
	NOW	B	0.4%
	CRM	D	0.36%
	DHI	B	0.33%
	MSFT	C	0.32%
	TRGP	B	0.31%
	TSLA	C	0.31%
	NVR	B	0.3%
	VST	C	0.3%
	PHM	B	0.3%
	CDNS	D	0.28%
	GDDY	C	0.28%
	DECK	C	0.27%
	SNPS	D	0.27%
	LLY	C	0.26%
	LULU	D	0.25%
	INTU	C	0.24%
	MPWR	C	0.24%
	BLDR	C	0.23%
	NFLX	B	0.22%
	AVGO	C	0.21%
	ANET	B	0.21%
	CPRT	D	0.2%
	FTNT	C	0.2%
	GOOG	D	0.19%
	GOOGL	D	0.19%
	PANW	D	0.18%
	ACGL	C	0.16%
	ADBE	F	0.16%
	IT	B	0.15%
	KLAC	D	0.14%
	URI	B	0.14%
	AMZN	C	0.14%
	AMAT	D	0.13%
	EXPE	C	0.12%
	LRCX	F	0.12%
	AMD	D	0.12%
	BKNG	C	0.12%
	MAR	C	0.11%
	AXON	B	0.11%
	UBER	C	0.11%
	HLT	B	0.11%
	CRWD	D	0.11%
	NVDA	D	0.11%
	NCLH	C	0.1%
	SMCI	F	0.1%
	ODFL	D	0.09%
	LYV	B	0.09%
	RCL	B	0.09%
	KKR	B	0.09%
	FANG	D	0.07%
	TDG	B	0.07%
	FICO	B	0.06%
	WYNN	D	0.06%
	CE	F	0.06%
	APA	F	0.06%
	HES	F	0.06%
	CPAY	B	0.05%
	WST	D	0.04%
	FTV	C	0.03%

SSPY Underweight 6 Positions Relative to IVE

	Symbol	Grade	Weight
	FI	A	-0.24%
	COR	D	-0.19%
	LH	C	-0.09%
	GEN	B	-0.07%
	RVTY	B	-0.07%
	COO	B	-0.06%

SSPY: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Semiconductors Business Services Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Specialty Retail Medical Devices Medical Instruments & Supplies Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Chemical Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank

IVE: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Diagnostics & Research Business Services Asset Management Banks - Regional - US Capital Markets Packaged Foods Semiconductors Drug Manufacturers - Major Medical Devices Medical Instruments & Supplies Specialty Retail Aerospace & Defense Credit Services Health Care Plans Household & Personal Products Insurance - Property & Casualty Oil & Gas E&P REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Insurance Dow Jones Component Electronics Aerospace Chemical Medicine Real Estate Investment Trust Computing Bank Banking Telecommunications Insurance Products Investment Bank Plastic Mining Biotechnology