SSPY vs. IWD ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to iShares Russell 1000 Value ETF (IWD)

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

$79.55

Average Daily Volume

2,690

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

IWD

iShares Russell 1000 Value ETF

IWD Description

The investment seeks to track the investment results of an index composed of large- and mid-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 Russell 1000 Value Index (the "underlying index"), which measures the performance of large- and mid-capitalization value sectors of the U.S. equity market. It is a subset of the Russell 1000Â® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$189.35

Average Daily Volume

1,603,403

Number of Holdings ^*

863

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	IWD
30 Days	1.73%	1.94%
60 Days	3.94%	4.15%
90 Days	5.29%	7.10%
12 Months	19.99%	21.16%

434 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in IWD	Overlap
A	C	0.15%	0.16%	0.15%
AAL	D	0.19%	0.03%	0.03%
ABBV	C	0.29%	0.79%	0.29%
ABT	C	0.07%	0.82%	0.07%
ACGL	B	0.16%	0.16%	0.16%
ACN	C	0.16%	0.89%	0.16%
ADI	D	0.21%	0.45%	0.21%
ADM	D	0.37%	0.12%	0.12%
ADP	B	0.25%	0.03%	0.03%
AEE	B	0.09%	0.09%	0.09%
AEP	B	0.29%	0.22%	0.22%
AES	C	0.25%	0.05%	0.05%
AFL	B	0.25%	0.25%	0.25%
AIG	D	0.25%	0.2%	0.2%
AIZ	B	0.29%	0.04%	0.04%
AJG	C	0.04%	0.24%	0.04%
AKAM	D	0.28%	0.06%	0.06%
ALB	F	0.04%	0.04%	0.04%
ALGN	D	0.09%	0.03%	0.03%
ALL	A	0.3%	0.17%	0.17%
ALLE	B	0.09%	0.05%	0.05%
AMAT	D	0.12%	0.05%	0.05%
AMCR	C	0.14%	0.06%	0.06%
AMD	F	0.12%	0.34%	0.12%
AME	C	0.12%	0.16%	0.12%
AMGN	B	0.27%	0.16%	0.16%
AMP	B	0.09%	0.02%	0.02%
ANSS	F	0.16%	0.11%	0.11%
AON	B	0.04%	0.28%	0.04%
AOS	C	0.18%	0.04%	0.04%
APA	F	0.06%	0.04%	0.04%
APD	B	0.05%	0.26%	0.05%
APH	D	0.17%	0.13%	0.13%
APTV	D	0.37%	0.08%	0.08%
ARE	B	0.11%	0.09%	0.09%
ATO	B	0.38%	0.08%	0.08%
AVB	B	0.12%	0.13%	0.12%
AVY	D	0.06%	0.04%	0.04%
AWK	A	0.38%	0.12%	0.12%
AXP	B	0.05%	0.37%	0.05%
AZO	D	0.15%	0.02%	0.02%
BA	F	0.15%	0.31%	0.15%
BAC	D	0.13%	1.06%	0.13%
BALL	C	0.12%	0.08%	0.08%
BAX	C	0.06%	0.08%	0.06%
BBWI	F	0.11%	0.02%	0.02%
BBY	B	0.19%	0.09%	0.09%
BDX	F	0.05%	0.27%	0.05%
BEN	F	0.07%	0.02%	0.02%
BG	D	0.36%	0.06%	0.06%
BIIB	F	0.21%	0.12%	0.12%
BIO	C	0.1%	0.03%	0.03%
BK	A	0.13%	0.21%	0.13%
BKNG	B	0.12%	0.03%	0.03%
BKR	D	0.36%	0.13%	0.13%
BLDR	C	0.21%	0.08%	0.08%
BLK	A	0.09%	0.53%	0.09%
BMY	C	0.29%	0.4%	0.29%
BR	D	0.12%	0.01%	0.01%
BRK.A	C	0.57%	3.32%	0.57%
BRO	C	0.04%	0.06%	0.04%
BSX	B	0.07%	0.5%	0.07%
BWA	D	0.38%	0.03%	0.03%
BXP	B	0.13%	0.05%	0.05%
C	D	0.13%	0.45%	0.13%
CAG	B	0.25%	0.06%	0.06%
CAH	C	0.22%	0.05%	0.05%
CARR	B	0.08%	0.26%	0.08%
CAT	C	0.13%	0.59%	0.13%
CB	B	0.16%	0.47%	0.16%
CBOE	C	0.05%	0.09%	0.05%
CBRE	A	0.05%	0.15%	0.05%
CCI	B	0.08%	0.21%	0.08%
CCL	C	0.09%	0.07%	0.07%
CDW	D	0.12%	0.06%	0.06%
CE	D	0.06%	0.04%	0.04%
CEG	C	0.24%	0.21%	0.21%
CF	B	0.09%	0.06%	0.06%
CFG	D	0.07%	0.07%	0.07%
CHD	C	0.42%	0.1%	0.1%
CHRW	B	0.1%	0.05%	0.05%
CHTR	D	0.59%	0.13%	0.13%
CI	C	0.21%	0.37%	0.21%
CINF	B	0.17%	0.08%	0.08%
CL	C	0.48%	0.16%	0.16%
CMCSA	D	0.53%	0.62%	0.53%
CME	C	0.05%	0.32%	0.05%
CMI	C	0.08%	0.17%	0.08%
CMS	A	0.09%	0.08%	0.08%
CNC	C	0.27%	0.16%	0.16%
CNP	C	0.22%	0.07%	0.07%
COF	C	0.71%	0.21%	0.21%
COP	D	0.07%	0.49%	0.07%
CPB	B	0.25%	0.04%	0.04%
CPRT	D	0.21%	0.01%	0.01%
CPT	B	0.12%	0.05%	0.05%
CRL	D	0.13%	0.04%	0.04%
CRM	D	0.35%	0.15%	0.15%
CSCO	B	0.21%	0.82%	0.21%
CSGP	D	0.04%	0.13%	0.04%
CSX	D	0.09%	0.27%	0.09%
CTAS	C	0.22%	0.01%	0.01%
CTLT	B	0.27%	0.04%	0.04%
CTRA	F	0.14%	0.07%	0.07%
CTSH	C	0.16%	0.16%	0.16%
CTVA	B	0.09%	0.16%	0.09%
CVS	D	0.62%	0.3%	0.3%
CVX	D	0.69%	0.98%	0.69%
CZR	C	0.07%	0.03%	0.03%
D	C	0.28%	0.2%	0.2%
DAL	C	0.17%	0.12%	0.12%
DAY	D	0.25%	0.03%	0.03%
DD	B	0.05%	0.14%	0.05%
DE	B	0.13%	0.41%	0.13%
DFS	C	0.73%	0.13%	0.13%
DG	F	0.11%	0.08%	0.08%
DGX	B	0.18%	0.07%	0.07%
DHI	B	0.33%	0.23%	0.23%
DHR	B	0.09%	0.74%	0.09%
DIS	D	0.18%	0.67%	0.18%
DLR	B	0.26%	0.21%	0.21%
DLTR	F	0.11%	0.06%	0.06%
DOC	C	0.12%	0.07%	0.07%
DOV	B	0.17%	0.1%	0.1%
DOW	D	0.06%	0.14%	0.06%
DPZ	F	0.4%	0.04%	0.04%
DRI	C	0.52%	0.04%	0.04%
DTE	B	0.28%	0.11%	0.11%
DUK	C	0.09%	0.37%	0.09%
DVN	F	0.15%	0.1%	0.1%
EA	D	0.53%	0.16%	0.16%
EBAY	B	0.17%	0.13%	0.13%
ECL	B	0.05%	0.03%	0.03%
ED	C	0.29%	0.15%	0.15%
EFX	C	0.05%	0.12%	0.05%
EG	B	0.15%	0.06%	0.06%
EIX	C	0.29%	0.13%	0.13%
EL	F	0.33%	0.05%	0.05%
ELV	C	0.27%	0.44%	0.27%
EMN	B	0.05%	0.05%	0.05%
EMR	D	0.03%	0.24%	0.03%
EOG	D	0.07%	0.28%	0.07%
EPAM	D	0.15%	0.04%	0.04%
EQIX	B	0.29%	0.32%	0.29%
EQR	B	0.12%	0.12%	0.12%
EQT	D	0.13%	0.07%	0.07%
ES	C	0.09%	0.1%	0.09%
ESS	B	0.12%	0.08%	0.08%
ETN	C	0.23%	0.49%	0.23%
ETR	A	0.28%	0.11%	0.11%
ETSY	F	0.13%	0.01%	0.01%
EVRG	A	0.09%	0.05%	0.05%
EW	F	0.05%	0.13%	0.05%
EXC	B	0.33%	0.16%	0.16%
EXPD	B	0.08%	0.06%	0.06%
EXR	B	0.12%	0.15%	0.12%
F	D	0.23%	0.17%	0.17%
FANG	D	0.07%	0.12%	0.07%
FAST	C	0.13%	0.03%	0.03%
FCX	D	0.21%	0.25%	0.21%
FDS	C	0.04%	0.04%	0.04%
FDX	C	0.09%	0.26%	0.09%
FE	C	0.29%	0.1%	0.1%
FFIV	A	0.24%	0.05%	0.05%
FICO	A	0.06%	0.03%	0.03%
FIS	B	0.06%	0.19%	0.06%
FITB	B	0.07%	0.12%	0.07%
FMC	C	0.09%	0.03%	0.03%
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	0.14%	0.1%	0.1%
FTNT	C	0.21%	0.04%	0.04%
FTV	C	0.03%	0.1%	0.03%
GD	B	0.17%	0.34%	0.17%
GE	B	0.18%	0.62%	0.18%
GEHC	C	0.09%	0.14%	0.09%
GEV	B	0.2%	0.25%	0.2%
GILD	B	0.3%	0.42%	0.3%
GIS	B	0.24%	0.17%	0.17%
GL	C	0.26%	0.04%	0.04%
GLW	B	0.21%	0.13%	0.13%
GM	B	0.25%	0.21%	0.21%
GNRC	D	0.08%	0.02%	0.02%
GPC	D	0.15%	0.08%	0.08%
GPN	D	0.05%	0.11%	0.05%
GRMN	D	0.38%	0.11%	0.11%
GS	D	0.27%	0.45%	0.27%
GWW	B	0.14%	0.02%	0.02%
HAL	F	0.29%	0.1%	0.1%
HAS	B	0.27%	0.0%	0.0%
HBAN	B	0.07%	0.08%	0.07%
HCA	B	0.38%	0.23%	0.23%
HD	B	0.26%	0.31%	0.26%
HES	D	0.06%	0.05%	0.05%
HIG	A	0.17%	0.14%	0.14%
HII	C	0.09%	0.04%	0.04%
HLT	B	0.11%	0.11%	0.11%
HOLX	B	0.1%	0.08%	0.08%
HON	D	0.16%	0.46%	0.16%
HPE	D	0.16%	0.09%	0.09%
HPQ	D	0.32%	0.1%	0.1%
HRL	C	0.4%	0.04%	0.04%
HSIC	C	0.21%	0.04%	0.04%
HST	D	0.1%	0.05%	0.05%
HSY	C	0.2%	0.1%	0.1%
HUBB	B	0.25%	0.09%	0.09%
HUM	F	0.26%	0.16%	0.16%
HWM	B	0.09%	0.15%	0.09%
IBM	B	0.4%	0.8%	0.4%
ICE	B	0.05%	0.37%	0.05%
IEX	D	0.19%	0.06%	0.06%
IFF	B	0.05%	0.11%	0.05%
INCY	C	0.25%	0.04%	0.04%
INTC	F	0.08%	0.34%	0.08%
INVH	C	0.11%	0.09%	0.09%
IP	B	0.07%	0.07%	0.07%
IPG	C	0.35%	0.05%	0.05%
IQV	C	0.16%	0.15%	0.15%
IR	C	0.18%	0.15%	0.15%
IRM	B	0.08%	0.06%	0.06%
ITW	B	0.17%	0.19%	0.17%
IVZ	C	0.09%	0.02%	0.02%
J	D	0.39%	0.07%	0.07%
JBHT	D	0.09%	0.06%	0.06%
JBL	D	0.29%	0.05%	0.05%
JCI	B	0.07%	0.2%	0.07%
JKHY	B	0.06%	0.05%	0.05%
JNJ	B	0.29%	1.62%	0.29%
JNPR	A	0.22%	0.05%	0.05%
JPM	D	0.14%	2.37%	0.14%
K	A	0.26%	0.09%	0.09%
KDP	A	0.27%	0.16%	0.16%
KEY	B	0.07%	0.06%	0.06%
KEYS	C	0.21%	0.11%	0.11%
KHC	C	0.24%	0.13%	0.13%
KIM	B	0.08%	0.06%	0.06%
KKR	B	0.09%	0.24%	0.09%
KMB	D	0.45%	0.12%	0.12%
KMI	A	0.27%	0.17%	0.17%
KMX	D	0.17%	0.05%	0.05%
KO	B	0.29%	0.48%	0.29%
KR	B	0.77%	0.15%	0.15%
KVUE	B	0.55%	0.18%	0.18%
L	B	0.54%	0.06%	0.06%
LDOS	C	0.14%	0.08%	0.08%
LEN	B	0.29%	0.01%	0.01%
LEN	B	0.29%	0.18%	0.18%
LHX	D	0.09%	0.18%	0.09%
LIN	B	0.05%	0.91%	0.05%
LKQ	D	0.15%	0.04%	0.04%
LMT	C	0.1%	0.33%	0.1%
LNT	A	0.09%	0.06%	0.06%
LOW	B	0.27%	0.59%	0.27%
LUV	C	0.2%	0.07%	0.07%
LW	D	0.16%	0.03%	0.03%
LYB	F	0.07%	0.1%	0.07%
MAA	B	0.13%	0.08%	0.08%
MAR	C	0.11%	0.22%	0.11%
MAS	B	0.21%	0.07%	0.07%
MCD	C	0.57%	0.81%	0.57%
MCHP	D	0.11%	0.17%	0.11%
MCK	F	0.17%	0.16%	0.16%
MDLZ	B	0.21%	0.41%	0.21%
MDT	C	0.07%	0.48%	0.07%
MET	A	0.22%	0.18%	0.18%
MGM	D	0.06%	0.04%	0.04%
MHK	B	0.25%	0.03%	0.03%
MKC	B	0.26%	0.09%	0.09%
MKTX	C	0.06%	0.04%	0.04%
MLM	D	0.15%	0.12%	0.12%
MMC	C	0.04%	0.4%	0.04%
MMM	B	0.21%	0.24%	0.21%
MNST	C	0.26%	0.03%	0.03%
MO	C	0.46%	0.37%	0.37%
MOH	C	0.28%	0.03%	0.03%
MOS	F	0.08%	0.03%	0.03%
MPC	D	0.48%	0.23%	0.23%
MRNA	F	0.14%	0.09%	0.09%
MRO	D	0.07%	0.06%	0.06%
MS	D	0.26%	0.43%	0.26%
MSCI	C	0.05%	0.07%	0.05%
MSI	C	0.58%	0.15%	0.15%
MTB	B	0.07%	0.11%	0.07%
MTCH	C	0.51%	0.04%	0.04%
MTD	D	0.13%	0.12%	0.12%
MU	F	0.08%	0.41%	0.08%
NDAQ	B	0.05%	0.12%	0.05%
NDSN	C	0.03%	0.06%	0.03%
NEE	B	0.28%	0.7%	0.28%
NEM	B	0.31%	0.25%	0.25%
NI	B	0.39%	0.06%	0.06%
NKE	D	0.25%	0.15%	0.15%
NOC	B	0.1%	0.29%	0.1%
NRG	C	0.3%	0.04%	0.04%
NSC	C	0.1%	0.22%	0.1%
NTAP	D	0.18%	0.05%	0.05%
NTRS	B	0.09%	0.07%	0.07%
NUE	F	0.23%	0.14%	0.14%
NVR	B	0.29%	0.11%	0.11%
NWS	D	0.1%	0.01%	0.01%
NWSA	D	0.1%	0.04%	0.04%
O	B	0.08%	0.22%	0.08%
OKE	B	0.29%	0.22%	0.22%
OMC	A	0.37%	0.08%	0.08%
ON	D	0.21%	0.12%	0.12%
ORLY	B	0.17%	0.02%	0.02%
OTIS	D	0.07%	0.15%	0.07%
OXY	F	0.06%	0.14%	0.06%
PARA	F	0.2%	0.03%	0.03%
PAYC	D	0.25%	0.01%	0.01%
PAYX	C	0.24%	0.11%	0.11%
PCAR	D	0.11%	0.2%	0.11%
PCG	C	0.08%	0.17%	0.08%
PEG	B	0.28%	0.17%	0.17%
PEP	C	0.2%	0.21%	0.2%
PFE	C	0.27%	0.67%	0.27%
PFG	B	0.21%	0.08%	0.08%
PG	C	0.45%	1.29%	0.45%
PGR	A	0.31%	0.1%	0.1%
PH	B	0.09%	0.31%	0.09%
PHM	B	0.29%	0.12%	0.12%
PKG	B	0.07%	0.08%	0.07%
PLD	C	0.08%	0.49%	0.08%
PM	C	0.47%	0.79%	0.47%
PNC	B	0.07%	0.29%	0.07%
PNR	B	0.21%	0.06%	0.06%
PNW	B	0.09%	0.04%	0.04%
PPG	C	0.07%	0.12%	0.07%
PPL	C	0.09%	0.1%	0.09%
PRU	C	0.2%	0.17%	0.17%
PSA	B	0.14%	0.19%	0.14%
PSX	D	0.47%	0.22%	0.22%
PTC	D	0.16%	0.03%	0.03%
PWR	B	0.34%	0.11%	0.11%
PYPL	B	0.06%	0.3%	0.06%
QCOM	D	0.17%	0.05%	0.05%
QRVO	F	0.21%	0.04%	0.04%
RCL	B	0.09%	0.11%	0.09%
REG	C	0.08%	0.06%	0.06%
REGN	C	0.27%	0.45%	0.27%
RF	B	0.07%	0.08%	0.07%
RJF	C	0.25%	0.09%	0.09%
RL	B	0.29%	0.03%	0.03%
RMD	C	0.12%	0.11%	0.11%
ROK	D	0.03%	0.11%	0.03%
ROP	C	0.03%	0.24%	0.03%
ROST	C	0.77%	0.16%	0.16%
RSG	D	0.2%	0.17%	0.17%
RTX	C	0.1%	0.64%	0.1%
SBAC	C	0.08%	0.11%	0.08%
SBUX	C	0.58%	0.1%	0.1%
SCHW	D	0.21%	0.34%	0.21%
SHW	B	0.08%	0.03%	0.03%
SJM	C	0.23%	0.05%	0.05%
SLB	F	0.31%	0.23%	0.23%
SNA	B	0.26%	0.06%	0.06%
SO	B	0.09%	0.4%	0.09%
SOLV	C	0.06%	0.04%	0.04%
SPG	B	0.07%	0.16%	0.07%
SPGI	B	0.05%	0.66%	0.05%
SRE	B	0.08%	0.21%	0.08%
STE	C	0.14%	0.1%	0.1%
STLD	D	0.23%	0.07%	0.07%
STT	A	0.13%	0.1%	0.1%
STZ	C	0.25%	0.16%	0.16%
SW	B	0.06%	0.05%	0.05%
SWK	B	0.29%	0.06%	0.06%
SWKS	F	0.21%	0.07%	0.07%
SYF	C	0.77%	0.08%	0.08%
SYK	C	0.13%	0.38%	0.13%
SYY	D	0.83%	0.06%	0.06%
T	B	0.4%	0.63%	0.4%
TAP	C	0.28%	0.04%	0.04%
TDG	B	0.07%	0.24%	0.07%
TDY	C	0.04%	0.08%	0.04%
TECH	C	0.14%	0.05%	0.05%
TER	D	0.14%	0.01%	0.01%
TFC	D	0.07%	0.23%	0.07%
TFX	C	0.06%	0.05%	0.05%
TGT	C	0.18%	0.28%	0.18%
TJX	C	0.81%	0.22%	0.22%
TMO	C	0.16%	0.95%	0.16%
TMUS	C	0.37%	0.4%	0.37%
TPR	C	0.3%	0.04%	0.04%
TRMB	C	0.03%	0.06%	0.03%
TROW	D	0.07%	0.09%	0.07%
TRV	B	0.17%	0.22%	0.17%
TSN	C	0.46%	0.07%	0.07%
TT	B	0.08%	0.22%	0.08%
TTWO	D	0.49%	0.1%	0.1%
TXN	C	0.23%	0.65%	0.23%
TXT	D	0.17%	0.07%	0.07%
TYL	C	0.41%	0.01%	0.01%
UAL	B	0.18%	0.07%	0.07%
UDR	B	0.12%	0.06%	0.06%
UHS	B	0.4%	0.05%	0.05%
ULTA	D	0.16%	0.01%	0.01%
UNH	C	0.32%	2.06%	0.32%
UNP	B	0.09%	0.32%	0.09%
UPS	D	0.08%	0.38%	0.08%
URI	B	0.14%	0.15%	0.14%
USB	B	0.06%	0.28%	0.06%
VICI	C	0.08%	0.14%	0.08%
VLO	D	0.45%	0.18%	0.18%
VLTO	C	0.03%	0.06%	0.03%
VMC	D	0.15%	0.09%	0.09%
VRSN	D	0.27%	0.06%	0.06%
VRTX	D	0.25%	0.25%	0.25%
VTR	C	0.14%	0.11%	0.11%
VTRS	C	0.27%	0.06%	0.06%
VZ	B	0.36%	0.76%	0.36%
WAB	A	0.13%	0.12%	0.12%
WAT	C	0.16%	0.03%	0.03%
WBA	F	0.38%	0.03%	0.03%
WBD	D	0.2%	0.08%	0.08%
WDC	D	0.16%	0.09%	0.09%
WEC	B	0.09%	0.12%	0.09%
WELL	B	0.14%	0.31%	0.14%
WFC	D	0.12%	0.75%	0.12%
WMB	B	0.27%	0.22%	0.22%
WMT	B	0.86%	1.42%	0.86%
WRB	C	0.16%	0.07%	0.07%
WST	D	0.05%	0.03%	0.03%
WTW	B	0.04%	0.12%	0.04%
WY	C	0.17%	0.1%	0.1%
WYNN	D	0.06%	0.03%	0.03%
XEL	A	0.09%	0.14%	0.09%
XOM	D	0.79%	2.02%	0.79%
XYL	D	0.18%	0.13%	0.13%
YUM	D	0.49%	0.09%	0.09%
ZBH	F	0.12%	0.09%	0.09%
ZBRA	B	0.13%	0.05%	0.05%
ZTS	B	0.28%	0.06%	0.06%

SSPY Overweight 63 Positions Relative to IWD

Symbol	Grade	Weight
COST	C	0.78%
CLX	C	0.53%
AAPL	D	0.52%
META	A	0.44%
CMG	C	0.42%
NOW	A	0.39%
ORCL	B	0.34%
TRGP	B	0.3%
TSLA	C	0.3%
MSFT	C	0.3%
GDDY	C	0.29%
CDNS	D	0.27%
VST	C	0.26%
LLY	C	0.26%
SNPS	D	0.26%
DECK	C	0.26%
LULU	D	0.24%
MPWR	C	0.23%
INTU	D	0.23%
NFLX	B	0.22%
MRK	D	0.22%
ENPH	C	0.21%
ANET	B	0.2%
GOOG	D	0.19%
GOOGL	D	0.19%
ADSK	B	0.19%
NXPI	D	0.19%
ROL	C	0.19%
WM	D	0.19%
STX	D	0.19%
PANW	D	0.18%
ADBE	D	0.18%
TEL	D	0.18%
AVGO	C	0.18%
IT	B	0.15%
KLAC	D	0.14%
AMZN	C	0.14%
ISRG	C	0.14%
POOL	C	0.13%
EXPE	C	0.12%
DVA	B	0.12%
LRCX	F	0.12%
TSCO	C	0.12%
CRWD	F	0.11%
NVDA	D	0.11%
PODD	B	0.11%
UBER	C	0.11%
BX	B	0.1%
SMCI	F	0.1%
AXON	B	0.1%
ABNB	D	0.09%
NCLH	C	0.09%
LYV	B	0.09%
ODFL	C	0.09%
AMT	C	0.08%
IDXX	C	0.08%
DXCM	F	0.06%
LVS	D	0.06%
V	B	0.05%
MCO	A	0.05%
MA	B	0.05%
CPAY	B	0.05%
VRSK	D	0.04%

SSPY Underweight 429 Positions Relative to IWD

Symbol	Grade	Weight
FI	A	-0.28%
MRVL	C	-0.24%
CRH	B	-0.24%
FERG	C	-0.15%
DELL	D	-0.1%
COO	B	-0.09%
FCNCA	D	-0.09%
LH	B	-0.08%
LNG	D	-0.08%
SQ	D	-0.08%
ILMN	C	-0.08%
MSTR	D	-0.08%
SSNC	B	-0.07%
WSO	C	-0.07%
ZM	C	-0.07%
CSL	C	-0.07%
SUI	B	-0.07%
AVTR	B	-0.07%
TRU	B	-0.07%
USFD	B	-0.06%
WPC	B	-0.06%
AMH	C	-0.06%
GGG	C	-0.06%
ELS	C	-0.06%
RGA	B	-0.06%
OC	C	-0.06%
HOOD	C	-0.06%
UTHR	C	-0.06%
GEN	A	-0.06%
RVTY	B	-0.06%
APO	C	-0.06%
MKL	C	-0.06%
TOL	B	-0.06%
THC	B	-0.06%
FNF	A	-0.06%
RS	D	-0.06%
BMRN	F	-0.06%
EME	B	-0.05%
BLD	D	-0.05%
DKS	D	-0.05%
SCI	B	-0.05%
CASY	D	-0.05%
CW	B	-0.05%
RPM	B	-0.05%
CUBE	B	-0.05%
CLH	B	-0.05%
ACM	B	-0.05%
IBKR	B	-0.05%
GLPI	B	-0.05%
RNR	B	-0.05%
FHN	D	-0.04%
NYT	C	-0.04%
TTC	D	-0.04%
CG	C	-0.04%
WAL	B	-0.04%
PRI	B	-0.04%
ORI	A	-0.04%
NNN	B	-0.04%
INGR	A	-0.04%
FYBR	C	-0.04%
EGP	B	-0.04%
CNH	C	-0.04%
GPK	B	-0.04%
EHC	B	-0.04%
Z	B	-0.04%
RGLD	B	-0.04%
CHK	D	-0.04%
PFGC	B	-0.04%
AFG	B	-0.04%
UNM	B	-0.04%
TTEK	C	-0.04%
CVNA	B	-0.04%
WWD	D	-0.04%
WTRG	D	-0.04%
DOX	C	-0.04%
FWONK	D	-0.04%
ARMK	B	-0.04%
OHI	A	-0.04%
ATR	B	-0.04%
AFRM	C	-0.04%
NLY	A	-0.04%
NTNX	C	-0.04%
RRX	C	-0.04%
FTI	D	-0.04%
OVV	D	-0.04%
COHR	B	-0.04%
FBIN	B	-0.04%
CACI	B	-0.04%
CCK	A	-0.04%
RPRX	C	-0.04%
BJ	D	-0.04%
NVT	D	-0.04%
REXR	C	-0.04%
EWBC	C	-0.04%
RIVN	F	-0.04%
ITT	C	-0.04%
NOV	D	-0.03%
CROX	C	-0.03%
CGNX	D	-0.03%
OKTA	F	-0.03%
STWD	A	-0.03%
BPOP	C	-0.03%
CART	A	-0.03%
VNO	B	-0.03%
RHI	D	-0.03%
LSTR	D	-0.03%
MAT	C	-0.03%
MSA	C	-0.03%
VFC	C	-0.03%
CFR	C	-0.03%
OSK	D	-0.03%
PB	B	-0.03%
SNV	C	-0.03%
FAF	B	-0.03%
PR	D	-0.03%
RGEN	F	-0.03%
ARW	C	-0.03%
JAZZ	D	-0.03%
ZION	D	-0.03%
SEIC	B	-0.03%
GNTX	F	-0.03%
MTG	B	-0.03%
SOFI	C	-0.03%
WTFC	B	-0.03%
SWN	D	-0.03%
RRC	D	-0.03%
BFAM	C	-0.03%
G	C	-0.03%
SSD	C	-0.03%
WCC	C	-0.03%
SAIC	C	-0.03%
KEX	C	-0.03%
MTZ	B	-0.03%
MIDD	C	-0.03%
LECO	F	-0.03%
ACHC	C	-0.03%
MKSI	F	-0.03%
HR	C	-0.03%
BWXT	D	-0.03%
CRUS	D	-0.03%
HRB	C	-0.03%
ELAN	D	-0.03%
EXAS	C	-0.03%
STAG	C	-0.03%
AGNC	A	-0.03%
ONTO	F	-0.03%
PNFP	B	-0.03%
HLI	B	-0.03%
DINO	D	-0.03%
FR	C	-0.03%
DTM	B	-0.03%
CR	C	-0.03%
CBSH	C	-0.03%
WSM	C	-0.03%
WEX	C	-0.03%
LAD	C	-0.03%
FND	C	-0.03%
ADC	C	-0.03%
BRBR	B	-0.03%
ATI	C	-0.03%
KBR	D	-0.03%
COKE	C	-0.03%
GWRE	A	-0.03%
CMA	B	-0.03%
CHE	C	-0.03%
AXTA	C	-0.03%
BERY	B	-0.03%
JEF	B	-0.03%
VOYA	A	-0.03%
WBS	C	-0.03%
ALSN	B	-0.03%
AR	D	-0.03%
FCN	C	-0.03%
GMED	D	-0.03%
ALLY	F	-0.03%
APG	D	-0.03%
TKO	B	-0.03%
ACI	F	-0.03%
ROKU	C	-0.03%
AYI	B	-0.03%
X	D	-0.03%
CIEN	C	-0.03%
AA	D	-0.03%
RBC	C	-0.03%
OGE	B	-0.03%
SKX	C	-0.03%
COLD	D	-0.03%
KNX	C	-0.03%
CHRD	F	-0.03%
TW	A	-0.03%
TWLO	D	-0.03%
JLL	B	-0.03%
BRX	B	-0.03%
LAMR	A	-0.03%
DCI	D	-0.03%
EVR	B	-0.03%
SNX	D	-0.03%
SF	A	-0.03%
LITE	B	-0.02%
COTY	F	-0.02%
CLF	F	-0.02%
ALNY	B	-0.02%
PRGO	D	-0.02%
MPW	C	-0.02%
NEU	D	-0.02%
CIVI	F	-0.02%
DXC	C	-0.02%
RH	B	-0.02%
IAC	C	-0.02%
UHAL	B	-0.02%
SITE	D	-0.02%
BILL	D	-0.02%
GFS	F	-0.02%
M	F	-0.02%
ROIV	C	-0.02%
DLB	D	-0.02%
BYD	C	-0.02%
DBX	D	-0.02%
GAP	F	-0.02%
KRC	B	-0.02%
AN	D	-0.02%
ASH	D	-0.02%
CPRI	D	-0.02%
FLO	C	-0.02%
DOCS	B	-0.02%
EEFT	D	-0.02%
AGO	C	-0.02%
S	C	-0.02%
W	D	-0.02%
WTM	F	-0.02%
OZK	D	-0.02%
PII	D	-0.02%
SLGN	B	-0.02%
FRPT	B	-0.02%
CUZ	B	-0.02%
PSN	B	-0.02%
AVT	D	-0.02%
AL	D	-0.02%
HOG	C	-0.02%
SLM	C	-0.02%
WLK	D	-0.02%
RYN	C	-0.02%
SAIA	D	-0.02%
JHG	B	-0.02%
OLED	C	-0.02%
CCCS	D	-0.02%
LNC	D	-0.02%
HXL	F	-0.02%
UGI	C	-0.02%
FNB	D	-0.02%
LBRDK	D	-0.02%
WSC	D	-0.02%
VNT	D	-0.02%
OLN	D	-0.02%
ST	D	-0.02%
COLB	B	-0.02%
THO	D	-0.02%
KD	D	-0.02%
WHR	D	-0.02%
ALK	C	-0.02%
IDA	B	-0.02%
COIN	F	-0.02%
OGN	D	-0.02%
OMF	C	-0.02%
THG	A	-0.02%
TKR	D	-0.02%
MTDR	D	-0.02%
PVH	F	-0.02%
BC	C	-0.02%
XRAY	D	-0.02%
H	C	-0.02%
VMI	D	-0.02%
SN	B	-0.02%
NFG	B	-0.02%
SON	C	-0.02%
AMG	C	-0.02%
GME	F	-0.02%
MDU	B	-0.02%
DAR	F	-0.02%
ESAB	C	-0.02%
WH	B	-0.02%
MTSI	D	-0.02%
AGCO	D	-0.02%
SRCL	A	-0.02%
POST	C	-0.02%
ESI	D	-0.02%
DASH	C	-0.02%
RITM	B	-0.02%
LEA	D	-0.02%
R	B	-0.02%
GXO	D	-0.02%
OLLI	C	-0.02%
RLI	B	-0.02%
AZPN	A	-0.02%
WMS	D	-0.02%
LFUS	D	-0.02%
FLS	D	-0.02%
AXS	B	-0.02%
SIRI	C	-0.02%
EXEL	B	-0.01%
LYFT	D	-0.01%
SNDR	B	-0.01%
CERT	F	-0.01%
TRIP	F	-0.01%
PPC	D	-0.01%
WEN	C	-0.01%
UAA	C	-0.01%
UA	C	-0.01%
INFA	D	-0.01%
ALGM	F	-0.01%
GO	F	-0.01%
FTRE	F	-0.01%
AS	C	-0.01%
MP	D	-0.01%
PSTG	F	-0.01%
BIRK	D	-0.01%
LEG	D	-0.01%
AZEK	C	-0.01%
BROS	D	-0.01%
LPX	B	-0.01%
IPGP	F	-0.01%
HAYW	C	-0.01%
SAM	F	-0.01%
REYN	C	-0.01%
VSTS	D	-0.01%
ADT	D	-0.01%
LLYVK	B	-0.01%
GLOB	D	-0.01%
KSS	F	-0.01%
QS	F	-0.01%
JWN	B	-0.01%
EXP	B	-0.01%
MASI	D	-0.01%
CNM	F	-0.01%
YETI	D	-0.01%
BOKF	B	-0.01%
HHH	C	-0.01%
CWEN	B	-0.01%
RCM	C	-0.01%
AAP	F	-0.01%
CC	F	-0.01%
WU	D	-0.01%
ENOV	F	-0.01%
BRKR	D	-0.01%
SHC	B	-0.01%
AGR	B	-0.01%
CRI	C	-0.01%
VAC	F	-0.01%
SEE	D	-0.01%
BHF	D	-0.01%
PINC	C	-0.01%
AZTA	D	-0.01%
QDEL	D	-0.01%
CLVT	D	-0.01%
ZG	B	-0.01%
SPB	B	-0.01%
COLM	B	-0.01%
VNOM	C	-0.01%
PAG	D	-0.01%
RKT	B	-0.01%
LOPE	D	-0.01%
CXT	D	-0.01%
TNL	D	-0.01%
PK	D	-0.01%
VIRT	B	-0.01%
IRDM	D	-0.01%
SMG	C	-0.01%
FHB	C	-0.01%
AM	B	-0.01%
AMED	C	-0.01%
NXST	D	-0.01%
PENN	D	-0.01%
CNXC	D	-0.01%
PLNT	A	-0.01%
U	D	-0.01%
NWL	D	-0.01%
ZI	D	-0.01%
LBTYA	B	-0.01%
SPR	D	-0.01%
NSA	B	-0.01%
MAN	C	-0.01%
HIW	B	-0.01%
NVST	D	-0.01%
AMKR	F	-0.01%
LCID	C	-0.01%
GTES	C	-0.01%
MSGS	B	-0.01%
LBTYK	B	-0.01%
DNB	C	-0.01%
TPG	B	-0.01%
HUN	D	-0.01%
KMPR	D	-0.01%
EPR	B	-0.01%
MSM	D	-0.01%
AWI	B	-0.01%
SEG	C	-0.0%
LOAR	C	-0.0%
PARAA	D	-0.0%
UWMC	C	-0.0%
LAZ	A	-0.0%
NFE	F	-0.0%
GRAL	F	-0.0%
DJT	F	-0.0%
UHAL	B	-0.0%
IONS	F	-0.0%
UI	B	-0.0%
PLTK	C	-0.0%
CHH	C	-0.0%
CACC	D	-0.0%
PATH	D	-0.0%
HCP	A	-0.0%
TFSL	C	-0.0%
TXG	D	-0.0%
CAR	F	-0.0%
LSCC	D	-0.0%
SEB	C	-0.0%
LBRDA	D	-0.0%
LLYVA	B	-0.0%
PYCR	D	-0.0%
ALAB	D	-0.0%
NCNO	D	-0.0%
CWEN	B	-0.0%
FWONA	C	-0.0%
FIVE	D	-0.0%
DDS	D	-0.0%
WOLF	F	-0.0%
MTN	D	-0.0%
DV	F	-0.0%
CNA	C	-0.0%