SSPY vs. IYF ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to iShares U.S. Financial ETF (IYF)

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

$78.71

Average Daily Volume

2,845

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

IYF

iShares U.S. Financial ETF

IYF Description

The investment seeks to track the investment results of an index composed of U.S. equities in the financial sector. 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 Dow Jones U.S. Financials Index (the "underlying index"), which measures the performance of the financial sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$103.11

Average Daily Volume

237,007

Number of Holdings ^*

135

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	IYF
30 Days	-1.31%	-1.50%
60 Days	3.71%	7.07%
90 Days	4.96%	8.49%
12 Months	23.74%	41.82%

61 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in IYF	Overlap
ACGL	A	0.15%	0.76%	0.15%
AFL	A	0.2%	1.15%	0.2%
AIG	F	0.2%	0.89%	0.2%
AIZ	A	0.21%	0.2%	0.2%
AJG	D	0.04%	1.13%	0.04%
ALL	C	0.21%	0.92%	0.21%
AMP	A	0.09%	0.87%	0.09%
AON	A	0.04%	1.27%	0.04%
BAC	D	0.13%	4.39%	0.13%
BEN	F	0.09%	0.12%	0.09%
BK	C	0.12%	0.99%	0.12%
BLK	B	0.09%	2.6%	0.09%
BR	B	0.11%	0.46%	0.11%
BRK.A	C	0.52%	12.65%	0.52%
BRO	A	0.04%	0.46%	0.04%
BX	C	0.09%	2.04%	0.09%
C	B	0.13%	2.21%	0.13%
CB	A	0.15%	2.18%	0.15%
CBOE	B	0.04%	0.4%	0.04%
CFG	D	0.06%	0.34%	0.06%
CINF	A	0.15%	0.39%	0.15%
CME	A	0.05%	1.46%	0.05%
DFS	C	0.7%	0.65%	0.65%
EG	B	0.14%	0.32%	0.14%
FDS	C	0.04%	0.32%	0.04%
FITB	C	0.06%	0.55%	0.06%
GL	C	0.21%	0.18%	0.18%
GS	D	0.26%	2.92%	0.26%
HBAN	C	0.06%	0.4%	0.06%
HIG	A	0.15%	0.64%	0.15%
ICE	A	0.04%	1.68%	0.04%
IVZ	C	0.09%	0.12%	0.09%
JPM	D	0.13%	9.37%	0.13%
KEY	C	0.06%	0.29%	0.06%
KKR	C	0.09%	1.65%	0.09%
L	D	0.5%	0.27%	0.27%
MCO	C	0.04%	1.39%	0.04%
MET	A	0.21%	0.9%	0.21%
MKTX	C	0.05%	0.17%	0.05%
MMC	D	0.04%	2.06%	0.04%
MS	B	0.26%	2.25%	0.26%
MSCI	B	0.04%	0.82%	0.04%
MTB	C	0.06%	0.54%	0.06%
NDAQ	C	0.05%	0.56%	0.05%
NTRS	C	0.09%	0.33%	0.09%
PFG	C	0.21%	0.37%	0.21%
PGR	C	0.2%	2.73%	0.2%
PNC	C	0.06%	1.35%	0.06%
PRU	C	0.21%	0.81%	0.21%
RF	C	0.06%	0.39%	0.06%
RJF	B	0.27%	0.43%	0.27%
SCHW	D	0.26%	1.79%	0.26%
SPGI	C	0.04%	2.98%	0.04%
STT	C	0.12%	0.5%	0.12%
TFC	D	0.06%	1.06%	0.06%
TROW	D	0.09%	0.45%	0.09%
TRV	C	0.15%	1.01%	0.15%
USB	C	0.06%	1.32%	0.06%
WFC	D	0.13%	3.64%	0.13%
WRB	B	0.14%	0.31%	0.14%
WTW	A	0.04%	0.56%	0.04%

SSPY Overweight 435 Positions Relative to IYF

Symbol	Grade	Weight
CVX	D	0.8%
XOM	B	0.8%
SYY	B	0.76%
WMT	A	0.76%
KR	B	0.76%
TJX	C	0.75%
COST	C	0.74%
ROST	C	0.74%
COF	C	0.72%
SYF	C	0.69%
CVS	D	0.68%
WBA	F	0.63%
DPZ	D	0.54%
DRI	C	0.54%
CMCSA	B	0.53%
AAPL	C	0.52%
PSX	F	0.52%
CMG	C	0.52%
YUM	B	0.51%
MCD	A	0.51%
MSI	A	0.51%
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%
MTCH	C	0.48%
EL	D	0.47%
KMB	B	0.43%
CL	D	0.43%
KVUE	C	0.43%
CLX	B	0.43%
CHD	B	0.43%
PG	C	0.43%
PWR	B	0.42%
BWA	C	0.41%
J	D	0.4%
APTV	D	0.4%
VST	A	0.4%
CEG	B	0.39%
BG	D	0.38%
ADM	D	0.38%
PM	B	0.37%
MO	B	0.37%
BKR	B	0.37%
HRL	F	0.37%
TSN	D	0.37%
CRM	C	0.36%
JBL	D	0.36%
SLB	F	0.36%
HAL	F	0.36%
HPQ	C	0.36%
ORCL	C	0.35%
IBM	C	0.35%
SNPS	F	0.35%
UHS	D	0.35%
NKE	D	0.34%
MSFT	C	0.34%
ATO	A	0.34%
T	A	0.34%
VZ	A	0.34%
NI	A	0.34%
HCA	A	0.34%
IPG	C	0.34%
OMC	A	0.34%
GRMN	D	0.34%
CDNS	D	0.34%
NRG	A	0.33%
AWK	C	0.33%
TMUS	A	0.33%
TPR	B	0.32%
RL	B	0.32%
AES	B	0.31%
LULU	D	0.3%
DECK	C	0.3%
EXC	A	0.3%
FCX	B	0.29%
NVR	A	0.28%
EQIX	B	0.28%
GDDY	D	0.28%
AKAM	D	0.28%
TSLA	B	0.28%
STLD	C	0.28%
HAS	A	0.27%
NUE	D	0.27%
TRGP	C	0.27%
KMI	A	0.27%
CNC	F	0.27%
DAL	B	0.27%
SWK	A	0.27%
ENPH	D	0.27%
HD	A	0.27%
UAL	B	0.27%
VRSN	C	0.27%
ETN	C	0.27%
DLR	C	0.27%
CTLT	B	0.26%
PFE	D	0.26%
GILD	A	0.26%
ZTS	B	0.26%
F	D	0.26%
WMB	A	0.26%
MOH	D	0.26%
ETR	A	0.26%
PHM	A	0.26%
CNP	B	0.26%
MNST	D	0.26%
BMY	B	0.26%
GM	D	0.26%
LUV	C	0.26%
HUBB	A	0.26%
HUM	F	0.26%
PEG	A	0.26%
NEM	C	0.26%
OKE	C	0.26%
UNH	B	0.26%
LOW	A	0.26%
AEP	B	0.25%
D	A	0.25%
JNJ	C	0.25%
FE	A	0.25%
ED	A	0.25%
VTRS	D	0.25%
DHI	B	0.25%
LEN	B	0.25%
MRK	F	0.25%
LLY	D	0.25%
DTE	A	0.25%
BIIB	F	0.25%
AMGN	D	0.25%
ABBV	A	0.25%
TAP	D	0.25%
NEE	A	0.25%
STZ	B	0.25%
KO	B	0.25%
INCY	B	0.25%
EIX	A	0.25%
SNA	B	0.25%
ELV	F	0.25%
KDP	C	0.25%
AVGO	C	0.24%
MRNA	F	0.24%
VRTX	D	0.24%
NOW	C	0.24%
ADI	C	0.23%
TYL	C	0.23%
NXPI	F	0.23%
MPWR	C	0.23%
DAY	C	0.23%
NFLX	C	0.23%
TXN	C	0.23%
PAYC	D	0.23%
GOOGL	C	0.23%
EBAY	A	0.23%
GOOG	C	0.23%
PLTR	C	0.23%
AMZN	C	0.23%
CPRT	B	0.23%
QRVO	F	0.22%
ANET	B	0.22%
FFIV	C	0.22%
INTU	F	0.22%
SWKS	F	0.22%
GIS	B	0.22%
MKC	B	0.22%
CAG	B	0.22%
LW	D	0.22%
ON	F	0.22%
PAYX	A	0.22%
REGN	D	0.22%
QCOM	D	0.22%
ADP	A	0.22%
KEYS	C	0.21%
DIS	D	0.21%
SJM	B	0.21%
CPB	D	0.21%
KHC	B	0.21%
ERIE	A	0.21%
CSCO	A	0.21%
CI	C	0.2%
MAS	A	0.2%
CAH	B	0.2%
APH	D	0.2%
WBD	D	0.2%
BLDR	B	0.2%
PNR	A	0.2%
IEX	D	0.2%
PARA	F	0.2%
FSLR	C	0.2%
GLW	C	0.2%
AOS	B	0.2%
JNPR	C	0.2%
HSIC	C	0.2%
IR	B	0.2%
MCK	F	0.19%
HPE	C	0.19%
CRWD	D	0.19%
RSG	D	0.19%
BBWI	F	0.19%
CTAS	C	0.19%
MDLZ	C	0.19%
WM	D	0.19%
GEV	A	0.19%
MHK	B	0.19%
K	B	0.19%
ROL	B	0.19%
XYL	B	0.19%
TEL	D	0.19%
DVN	F	0.18%
WY	B	0.18%
STX	B	0.18%
CTRA	D	0.18%
MLM	D	0.18%
AMAT	D	0.18%
KLAC	D	0.18%
NTAP	D	0.18%
VMC	D	0.18%
ULTA	D	0.18%
GE	C	0.18%
EQT	C	0.18%
PEP	D	0.18%
HSY	D	0.18%
ADBE	F	0.17%
TXT	D	0.17%
DGX	C	0.17%
BA	F	0.17%
PANW	D	0.17%
TER	D	0.17%
HON	B	0.17%
LRCX	F	0.17%
DG	F	0.17%
BBY	B	0.17%
GD	A	0.17%
SMCI	F	0.17%
ADSK	C	0.17%
ITW	B	0.17%
DLTR	F	0.17%
WDC	C	0.17%
DELL	D	0.17%
TGT	C	0.17%
MMM	B	0.17%
ANSS	D	0.17%
PTC	D	0.17%
DOV	C	0.17%
FTNT	C	0.17%
INTC	D	0.16%
CRL	F	0.15%
KMX	D	0.15%
LKQ	F	0.15%
A	B	0.15%
TECH	B	0.15%
WAT	B	0.15%
MTD	B	0.15%
GPC	D	0.15%
AZO	D	0.14%
ZBRA	C	0.14%
WAB	A	0.14%
NVDA	C	0.14%
IT	C	0.14%
LDOS	A	0.14%
CAT	A	0.14%
MU	D	0.14%
AMD	D	0.14%
TMO	C	0.14%
URI	B	0.14%
ORLY	A	0.14%
IQV	F	0.14%
ISRG	C	0.13%
ABNB	D	0.13%
ZBH	F	0.13%
BALL	B	0.13%
AMCR	A	0.13%
CDW	D	0.13%
AME	D	0.13%
FAST	C	0.13%
ACN	B	0.13%
GWW	A	0.13%
PCAR	D	0.13%
DE	A	0.13%
POOL	B	0.13%
CTSH	C	0.13%
MCHP	F	0.13%
EPAM	F	0.13%
BXP	C	0.12%
HLT	B	0.12%
MAR	B	0.12%
BKNG	C	0.12%
UBER	C	0.12%
HST	D	0.12%
STE	D	0.12%
EXPE	B	0.12%
SYK	C	0.12%
TSCO	A	0.12%
ESS	C	0.11%
FOX	A	0.11%
GEHC	B	0.11%
INVH	D	0.11%
FOXA	A	0.11%
EQR	C	0.11%
AVB	C	0.11%
MAA	C	0.11%
UDR	C	0.11%
DVA	B	0.11%
VTR	B	0.11%
WELL	B	0.11%
ARE	D	0.11%
PSA	C	0.11%
DOC	B	0.11%
CPT	C	0.11%
EXR	C	0.11%
RMD	C	0.1%
DXCM	F	0.1%
DHR	B	0.1%
HOLX	D	0.1%
PODD	C	0.1%
IDXX	D	0.1%
ALGN	D	0.1%
NWSA	D	0.1%
NWS	D	0.1%
ODFL	D	0.09%
UPS	D	0.09%
FMC	B	0.09%
CSX	D	0.09%
CTVA	B	0.09%
LHX	A	0.09%
LMT	A	0.09%
JBHT	D	0.09%
NOC	B	0.09%
EXPD	B	0.09%
AXON	A	0.09%
CF	A	0.09%
RCL	C	0.09%
LYV	A	0.09%
CHRW	A	0.09%
CCL	C	0.09%
NCLH	C	0.09%
ES	A	0.08%
COP	D	0.08%
MRO	D	0.08%
WEC	A	0.08%
PNW	A	0.08%
HES	D	0.08%
APA	F	0.08%
FDX	D	0.08%
EOG	D	0.08%
TT	A	0.08%
CMS	A	0.08%
DUK	B	0.08%
ALLE	A	0.08%
FANG	F	0.08%
SO	A	0.08%
XEL	A	0.08%
PCG	B	0.08%
PPL	A	0.08%
SRE	A	0.08%
LNT	A	0.08%
HWM	A	0.08%
AEE	A	0.08%
EVRG	B	0.08%
JCI	B	0.08%
OTIS	A	0.08%
CARR	C	0.08%
TDG	A	0.08%
PH	B	0.08%
GNRC	B	0.08%
CMI	B	0.08%
MOS	F	0.08%
NSC	B	0.08%
UNP	C	0.08%
HII	D	0.08%
RTX	A	0.08%
REG	B	0.07%
PLD	D	0.07%
FRT	B	0.07%
SHW	B	0.07%
VICI	C	0.07%
KIM	C	0.07%
SW	B	0.07%
AMT	C	0.07%
SBAC	B	0.07%
O	A	0.07%
CCI	A	0.07%
PPG	D	0.07%
IRM	B	0.07%
MGM	D	0.07%
SPG	A	0.07%
LYB	D	0.07%
CZR	C	0.07%
DOW	B	0.07%
WYNN	B	0.07%
CE	D	0.07%
OXY	F	0.07%
LVS	B	0.07%
FIS	C	0.06%
EW	F	0.06%
AVY	B	0.06%
ABT	C	0.06%
MDT	A	0.06%
PYPL	B	0.06%
IP	B	0.06%
BSX	A	0.06%
PKG	A	0.06%
CPAY	A	0.05%
LIN	B	0.05%
IFF	C	0.05%
ECL	A	0.05%
APD	C	0.05%
BDX	B	0.05%
BAX	D	0.05%
ALB	D	0.05%
FICO	C	0.05%
TFX	B	0.05%
SOLV	D	0.05%
WST	D	0.05%
DD	B	0.05%
EMN	B	0.05%
JKHY	A	0.05%
CBRE	A	0.04%
EFX	D	0.04%
CSGP	F	0.04%
VRSK	D	0.04%
MA	A	0.04%
GPN	F	0.04%
V	C	0.04%
AXP	A	0.04%
ROP	C	0.03%
ROK	D	0.03%
VLTO	C	0.03%
TRMB	B	0.03%
NDSN	B	0.03%
EMR	B	0.03%
FTV	B	0.03%
TDY	B	0.03%

SSPY Underweight 74 Positions Relative to IYF

Symbol	Grade	Weight
APO	A	-1.23%
COIN	F	-0.71%
ARES	B	-0.53%
FCNCA	D	-0.42%
MKL	B	-0.38%
FNF	A	-0.32%
LPLA	D	-0.32%
HOOD	C	-0.3%
RGA	C	-0.27%
IBKR	A	-0.27%
RNR	A	-0.26%
TW	A	-0.26%
EQH	C	-0.22%
EWBC	D	-0.21%
NLY	C	-0.2%
JEF	B	-0.2%
KNSL	D	-0.19%
SF	A	-0.18%
ALLY	F	-0.18%
CG	C	-0.18%
AFG	B	-0.18%
OWL	B	-0.18%
ORI	A	-0.17%
EVR	C	-0.17%
WAL	C	-0.17%
PRI	A	-0.17%
MORN	C	-0.16%
FHN	D	-0.16%
UNM	A	-0.16%
VOYA	A	-0.15%
HLI	B	-0.15%
WBS	D	-0.15%
SOFI	C	-0.15%
BPOP	D	-0.14%
CMA	C	-0.14%
PNFP	D	-0.14%
AGNC	C	-0.14%
ZION	D	-0.13%
SEIC	B	-0.13%
CBSH	D	-0.13%
RYAN	A	-0.13%
WTFC	C	-0.13%
PB	D	-0.12%
RLI	A	-0.12%
CFR	D	-0.12%
AXS	A	-0.12%
SNV	D	-0.12%
STWD	C	-0.12%
MTG	B	-0.12%
FAF	B	-0.12%
LAZ	C	-0.11%
AMG	C	-0.11%
RITM	D	-0.11%
TPG	C	-0.1%
THG	A	-0.1%
FNB	D	-0.1%
JHG	C	-0.1%
COLB	C	-0.1%
OMF	D	-0.1%
OZK	F	-0.09%
SLM	C	-0.09%
LNC	D	-0.08%
AGO	D	-0.08%
WTM	D	-0.08%
KMPR	D	-0.07%
CACC	F	-0.06%
BHF	F	-0.06%
VIRT	C	-0.05%
RKT	B	-0.05%
FHB	D	-0.05%
BOKF	D	-0.04%
UWMC	D	-0.02%
CNA	D	-0.02%
TFSL	D	-0.01%