SSPY vs. JVAL ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to JPMorgan U.S. Value Factor ETF (JVAL)

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

JVAL

JPMorgan U.S. Value Factor ETF

JVAL Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Value Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent value factor characteristics.

Grade (RS Rating)

Last Trade

$43.50

Average Daily Volume

153,094

Number of Holdings ^*

359

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	JVAL
30 Days	3.30%	3.26%
60 Days	5.09%	3.82%
90 Days	6.57%	6.56%
12 Months	21.73%	25.74%

187 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in JVAL	Overlap
AAPL	C	0.52%	2.02%	0.52%
ADBE	F	0.18%	0.94%	0.18%
ADI	C	0.21%	0.57%	0.21%
ADM	D	0.37%	0.26%	0.26%
ADSK	C	0.19%	0.29%	0.19%
AIG	D	0.25%	0.37%	0.25%
AKAM	D	0.28%	0.22%	0.22%
AMAT	D	0.12%	0.65%	0.12%
AMCR	B	0.14%	0.27%	0.14%
AMGN	B	0.27%	0.77%	0.27%
ANSS	D	0.16%	0.18%	0.16%
APH	D	0.17%	0.43%	0.17%
APTV	D	0.37%	0.15%	0.15%
AVGO	C	0.18%	1.56%	0.18%
BAC	D	0.13%	0.39%	0.13%
BAX	C	0.06%	0.16%	0.06%
BBWI	F	0.11%	0.11%	0.11%
BBY	C	0.19%	0.28%	0.19%
BDX	D	0.05%	0.07%	0.05%
BEN	F	0.07%	0.14%	0.07%
BG	D	0.36%	0.13%	0.13%
BK	B	0.13%	0.41%	0.13%
BLDR	C	0.21%	0.26%	0.21%
BMY	C	0.29%	0.47%	0.29%
BWA	D	0.38%	0.15%	0.15%
C	D	0.13%	0.58%	0.13%
CAG	C	0.25%	0.28%	0.25%
CAT	B	0.13%	0.78%	0.13%
CDW	D	0.12%	0.28%	0.12%
CE	F	0.06%	0.04%	0.04%
CF	C	0.09%	0.05%	0.05%
CFG	C	0.07%	0.3%	0.07%
CI	C	0.21%	0.56%	0.21%
CMCSA	D	0.53%	0.49%	0.49%
CMI	C	0.08%	0.36%	0.08%
CNC	D	0.27%	0.25%	0.25%
COF	B	0.71%	0.39%	0.39%
CPB	C	0.25%	0.23%	0.23%
CRM	D	0.35%	0.85%	0.35%
CSCO	C	0.21%	0.68%	0.21%
CTRA	F	0.14%	0.22%	0.14%
CTSH	C	0.16%	0.34%	0.16%
CVS	D	0.62%	0.42%	0.42%
CVX	D	0.69%	0.68%	0.68%
CZR	C	0.07%	0.1%	0.07%
D	C	0.28%	0.1%	0.1%
DAL	C	0.17%	0.21%	0.17%
DAY	D	0.25%	0.14%	0.14%
DD	B	0.05%	0.31%	0.05%
DGX	B	0.18%	0.27%	0.18%
DHI	B	0.33%	0.45%	0.33%
DOV	B	0.17%	0.28%	0.17%
DOW	D	0.06%	0.27%	0.06%
DRI	B	0.52%	0.24%	0.24%
DVN	F	0.15%	0.08%	0.08%
EBAY	B	0.17%	0.34%	0.17%
ED	C	0.29%	0.36%	0.29%
ELV	C	0.27%	0.65%	0.27%
EPAM	F	0.15%	0.17%	0.15%
EQR	B	0.12%	0.03%	0.03%
ETR	B	0.28%	0.31%	0.28%
EVRG	B	0.09%	0.27%	0.09%
EXC	C	0.33%	0.11%	0.11%
F	F	0.23%	0.31%	0.23%
FANG	D	0.07%	0.06%	0.06%
FDX	C	0.09%	0.45%	0.09%
FFIV	B	0.24%	0.25%	0.24%
FIS	B	0.06%	0.13%	0.06%
FITB	B	0.07%	0.3%	0.07%
FMC	C	0.09%	0.13%	0.09%
FOXA	B	0.12%	0.26%	0.12%
FTNT	C	0.21%	0.28%	0.21%
GD	B	0.17%	0.41%	0.17%
GDDY	C	0.29%	0.29%	0.29%
GILD	B	0.3%	0.51%	0.3%
GIS	B	0.24%	0.36%	0.24%
GLW	C	0.21%	0.33%	0.21%
GM	C	0.25%	0.37%	0.25%
GOOGL	D	0.19%	1.64%	0.19%
GPC	D	0.15%	0.22%	0.15%
GRMN	D	0.38%	0.32%	0.32%
HBAN	B	0.07%	0.26%	0.07%
HD	B	0.26%	0.82%	0.26%
HII	D	0.09%	0.22%	0.09%
HPE	D	0.16%	0.22%	0.16%
HPQ	D	0.32%	0.3%	0.3%
HSIC	C	0.21%	0.07%	0.07%
HST	C	0.1%	0.08%	0.08%
HUM	F	0.26%	0.27%	0.26%
IBM	B	0.4%	0.89%	0.4%
INTC	F	0.08%	0.38%	0.08%
INTU	C	0.23%	0.8%	0.23%
IP	B	0.07%	0.24%	0.07%
IPG	C	0.35%	0.19%	0.19%
IT	B	0.15%	0.24%	0.15%
IVZ	B	0.09%	0.17%	0.09%
JBL	D	0.29%	0.18%	0.18%
JCI	B	0.07%	0.37%	0.07%
JNJ	C	0.29%	1.48%	0.29%
K	B	0.26%	0.2%	0.2%
KEY	B	0.07%	0.19%	0.07%
KHC	C	0.24%	0.31%	0.24%
KIM	C	0.08%	0.24%	0.08%
KLAC	D	0.14%	0.51%	0.14%
KMI	B	0.27%	0.35%	0.27%
KR	C	0.77%	0.31%	0.31%
LDOS	B	0.14%	0.28%	0.14%
LEN	B	0.29%	0.38%	0.29%
LHX	C	0.09%	0.3%	0.09%
LKQ	F	0.15%	0.18%	0.15%
LRCX	F	0.12%	0.45%	0.12%
LYB	D	0.07%	0.28%	0.07%
MCHP	F	0.11%	0.3%	0.11%
MDT	C	0.07%	0.61%	0.07%
META	B	0.44%	1.95%	0.44%
MGM	F	0.06%	0.17%	0.06%
MO	C	0.46%	0.57%	0.46%
MOS	F	0.08%	0.2%	0.08%
MPC	F	0.48%	0.39%	0.39%
MPWR	C	0.23%	0.23%	0.23%
MRK	D	0.22%	0.87%	0.22%
MRO	D	0.07%	0.24%	0.07%
MSFT	C	0.3%	1.81%	0.3%
MTB	B	0.07%	0.23%	0.07%
MTCH	C	0.51%	0.22%	0.22%
MU	F	0.08%	0.37%	0.08%
NTAP	D	0.18%	0.26%	0.18%
NUE	F	0.23%	0.29%	0.23%
NVR	B	0.29%	0.23%	0.23%
NWSA	D	0.1%	0.22%	0.1%
OMC	B	0.37%	0.27%	0.27%
ON	D	0.21%	0.28%	0.21%
ORCL	C	0.34%	0.98%	0.34%
PANW	D	0.18%	0.46%	0.18%
PARA	F	0.2%	0.12%	0.12%
PAYC	D	0.25%	0.21%	0.21%
PCAR	D	0.11%	0.34%	0.11%
PFE	C	0.27%	0.81%	0.27%
PFG	B	0.21%	0.24%	0.21%
PH	B	0.09%	0.13%	0.09%
PHM	B	0.29%	0.33%	0.29%
PKG	B	0.07%	0.28%	0.07%
PM	C	0.47%	0.61%	0.47%
PNC	B	0.07%	0.12%	0.07%
PNR	B	0.21%	0.27%	0.21%
PNW	C	0.09%	0.26%	0.09%
POOL	C	0.13%	0.14%	0.13%
PPL	C	0.09%	0.3%	0.09%
PRU	C	0.2%	0.35%	0.2%
PSX	F	0.47%	0.37%	0.37%
PTC	D	0.16%	0.16%	0.16%
QCOM	D	0.17%	0.79%	0.17%
QRVO	F	0.21%	0.18%	0.18%
REG	C	0.08%	0.14%	0.08%
RF	B	0.07%	0.24%	0.07%
RL	C	0.29%	0.21%	0.21%
ROP	C	0.03%	0.4%	0.03%
RTX	C	0.1%	0.51%	0.1%
SJM	C	0.23%	0.18%	0.18%
SNA	C	0.26%	0.25%	0.25%
SOLV	C	0.06%	0.05%	0.05%
SPG	B	0.07%	0.33%	0.07%
STT	B	0.13%	0.28%	0.13%
SWK	B	0.29%	0.14%	0.14%
SWKS	D	0.21%	0.21%	0.21%
SYF	C	0.77%	0.28%	0.28%
T	C	0.4%	0.76%	0.4%
TAP	D	0.28%	0.2%	0.2%
TER	D	0.14%	0.24%	0.14%
TFC	C	0.07%	0.43%	0.07%
TFX	C	0.06%	0.1%	0.06%
TGT	C	0.18%	0.36%	0.18%
TPR	C	0.3%	0.21%	0.21%
TSN	C	0.46%	0.11%	0.11%
TXN	C	0.23%	0.85%	0.23%
TXT	D	0.17%	0.19%	0.17%
TYL	C	0.41%	0.2%	0.2%
UAL	C	0.18%	0.17%	0.17%
UHS	B	0.4%	0.28%	0.28%
UNH	C	0.32%	2.0%	0.32%
USB	B	0.06%	0.39%	0.06%
VICI	C	0.08%	0.34%	0.08%
VLO	F	0.45%	0.24%	0.24%
VRSN	D	0.27%	0.15%	0.15%
VTRS	D	0.27%	0.22%	0.22%
VZ	B	0.36%	0.12%	0.12%
ZBH	F	0.12%	0.17%	0.12%

SSPY Overweight 309 Positions Relative to JVAL

Symbol	Grade	Weight
WMT	C	0.86%
SYY	D	0.83%
TJX	B	0.81%
XOM	C	0.79%
COST	B	0.78%
ROST	C	0.77%
DFS	C	0.73%
CHTR	D	0.59%
SBUX	C	0.58%
MSI	B	0.58%
BRK.A	C	0.57%
MCD	B	0.57%
KVUE	C	0.55%
L	C	0.54%
EA	D	0.53%
CLX	C	0.53%
YUM	D	0.49%
TTWO	C	0.49%
CL	D	0.48%
KMB	D	0.45%
PG	C	0.45%
CHD	D	0.42%
CMG	C	0.42%
HRL	C	0.4%
DPZ	F	0.4%
J	C	0.39%
NOW	B	0.39%
NI	B	0.39%
AWK	B	0.38%
HCA	B	0.38%
WBA	F	0.38%
ATO	B	0.38%
TMUS	C	0.37%
BKR	C	0.36%
PWR	B	0.34%
EL	F	0.33%
PGR	B	0.31%
NEM	B	0.31%
SLB	F	0.31%
NRG	C	0.3%
ALL	B	0.3%
TRGP	B	0.3%
TSLA	C	0.3%
KO	C	0.29%
FE	C	0.29%
EQIX	C	0.29%
HAL	F	0.29%
ABBV	C	0.29%
AIZ	B	0.29%
EIX	C	0.29%
AEP	C	0.29%
OKE	B	0.29%
PEG	C	0.28%
DTE	C	0.28%
NEE	C	0.28%
MOH	D	0.28%
ZTS	C	0.28%
CDNS	D	0.27%
CTLT	B	0.27%
WMB	B	0.27%
REGN	C	0.27%
LOW	B	0.27%
KDP	B	0.27%
HAS	B	0.27%
GS	C	0.27%
VST	C	0.26%
MS	D	0.26%
LLY	C	0.26%
SNPS	F	0.26%
MKC	C	0.26%
DECK	C	0.26%
MNST	D	0.26%
DLR	B	0.26%
GL	C	0.26%
VRTX	D	0.25%
STZ	D	0.25%
MHK	C	0.25%
INCY	C	0.25%
AFL	C	0.25%
AES	C	0.25%
RJF	C	0.25%
HUBB	B	0.25%
ADP	B	0.25%
NKE	D	0.25%
PAYX	C	0.24%
CEG	C	0.24%
LULU	D	0.24%
ETN	C	0.23%
STLD	F	0.23%
JNPR	B	0.22%
CTAS	B	0.22%
MET	B	0.22%
NFLX	B	0.22%
CNP	C	0.22%
CAH	C	0.22%
CPRT	D	0.21%
ENPH	D	0.21%
MAS	B	0.21%
FCX	D	0.21%
MMM	B	0.21%
KEYS	C	0.21%
SCHW	D	0.21%
BIIB	F	0.21%
MDLZ	B	0.21%
LUV	C	0.2%
GEV	B	0.2%
ANET	B	0.2%
WBD	D	0.2%
HSY	C	0.2%
PEP	C	0.2%
RSG	D	0.2%
IEX	D	0.19%
AAL	D	0.19%
GOOG	D	0.19%
NXPI	F	0.19%
ROL	C	0.19%
WM	D	0.19%
STX	C	0.19%
XYL	D	0.18%
GE	B	0.18%
DIS	D	0.18%
AOS	D	0.18%
IR	C	0.18%
TEL	D	0.18%
TRV	C	0.17%
HIG	B	0.17%
ORLY	C	0.17%
MCK	F	0.17%
KMX	D	0.17%
ITW	C	0.17%
WY	C	0.17%
CINF	C	0.17%
TMO	B	0.16%
LW	D	0.16%
WDC	D	0.16%
ACN	C	0.16%
WAT	C	0.16%
IQV	C	0.16%
HON	D	0.16%
CB	B	0.16%
WRB	C	0.16%
ACGL	C	0.16%
ULTA	D	0.16%
MLM	D	0.15%
EG	C	0.15%
VMC	D	0.15%
A	C	0.15%
BA	F	0.15%
AZO	D	0.15%
GWW	B	0.14%
TECH	C	0.14%
PSA	B	0.14%
WELL	C	0.14%
MRNA	F	0.14%
URI	B	0.14%
JPM	D	0.14%
AMZN	C	0.14%
STE	C	0.14%
FSLR	C	0.14%
VTR	C	0.14%
ISRG	B	0.14%
MAA	B	0.13%
WAB	A	0.13%
CRL	F	0.13%
DE	B	0.13%
SYK	C	0.13%
ETSY	F	0.13%
MTD	D	0.13%
BXP	B	0.13%
FAST	C	0.13%
ZBRA	B	0.13%
EQT	D	0.13%
AMD	D	0.12%
EXPE	C	0.12%
DVA	B	0.12%
BR	D	0.12%
RMD	C	0.12%
WFC	D	0.12%
ESS	B	0.12%
FOX	B	0.12%
BALL	C	0.12%
TSCO	C	0.12%
BKNG	C	0.12%
AME	C	0.12%
UDR	C	0.12%
CPT	B	0.12%
AVB	B	0.12%
EXR	B	0.12%
DOC	C	0.12%
DLTR	F	0.11%
MAR	C	0.11%
CRWD	D	0.11%
DG	F	0.11%
NVDA	D	0.11%
PODD	B	0.11%
UBER	C	0.11%
INVH	C	0.11%
ARE	C	0.11%
HLT	B	0.11%
BIO	C	0.1%
BX	B	0.1%
HOLX	C	0.1%
SMCI	F	0.1%
NSC	C	0.1%
NWS	D	0.1%
CHRW	B	0.1%
NOC	B	0.1%
AXON	B	0.1%
LMT	C	0.1%
ALLE	B	0.09%
ALGN	D	0.09%
CCL	C	0.09%
DUK	C	0.09%
CSX	D	0.09%
AMP	A	0.09%
SO	B	0.09%
ABNB	D	0.09%
NCLH	C	0.09%
ES	C	0.09%
LYV	B	0.09%
DHR	B	0.09%
NTRS	A	0.09%
HWM	B	0.09%
CMS	C	0.09%
RCL	B	0.09%
KKR	B	0.09%
CTVA	B	0.09%
ODFL	D	0.09%
JBHT	D	0.09%
XEL	B	0.09%
LNT	B	0.09%
WEC	C	0.09%
BLK	B	0.09%
AEE	C	0.09%
GEHC	C	0.09%
UNP	C	0.09%
FRT	C	0.08%
PLD	C	0.08%
O	C	0.08%
CCI	C	0.08%
UPS	D	0.08%
GNRC	D	0.08%
TT	B	0.08%
SBAC	C	0.08%
AMT	C	0.08%
IDXX	C	0.08%
CARR	B	0.08%
SHW	B	0.08%
EXPD	C	0.08%
IRM	C	0.08%
PCG	C	0.08%
SRE	C	0.08%
PPG	D	0.07%
BSX	B	0.07%
COP	D	0.07%
ABT	C	0.07%
OTIS	C	0.07%
TDG	B	0.07%
EOG	D	0.07%
TROW	D	0.07%
FICO	B	0.06%
SW	B	0.06%
WYNN	D	0.06%
MKTX	C	0.06%
AVY	C	0.06%
JKHY	B	0.06%
DXCM	F	0.06%
LVS	D	0.06%
OXY	F	0.06%
HES	F	0.06%
PYPL	B	0.06%
APA	F	0.06%
WST	D	0.05%
V	C	0.05%
MSCI	C	0.05%
EMN	B	0.05%
EW	F	0.05%
MCO	B	0.05%
ECL	B	0.05%
CBRE	A	0.05%
APD	B	0.05%
SPGI	B	0.05%
AXP	B	0.05%
MA	B	0.05%
CME	C	0.05%
EFX	B	0.05%
IFF	B	0.05%
LIN	B	0.05%
GPN	D	0.05%
ICE	C	0.05%
CPAY	B	0.05%
NDAQ	A	0.05%
CBOE	C	0.05%
TDY	B	0.04%
ALB	D	0.04%
MMC	C	0.04%
WTW	C	0.04%
BRO	C	0.04%
FDS	C	0.04%
VRSK	D	0.04%
AJG	D	0.04%
AON	B	0.04%
CSGP	D	0.04%
EMR	D	0.03%
FTV	C	0.03%
TRMB	C	0.03%
ROK	D	0.03%
NDSN	C	0.03%
VLTO	C	0.03%

SSPY Underweight 172 Positions Relative to JVAL

Symbol	Grade	Weight
MRVL	C	-0.38%
WDAY	D	-0.3%
APP	C	-0.3%
SSNC	B	-0.29%
TOL	B	-0.28%
HRB	C	-0.27%
UNM	B	-0.26%
VRT	C	-0.26%
ZM	C	-0.26%
ORI	B	-0.26%
CCK	A	-0.26%
MTG	B	-0.26%
ALSN	B	-0.26%
SCI	B	-0.25%
SAIC	C	-0.25%
BPOP	C	-0.25%
DASH	C	-0.25%
HIW	B	-0.25%
OHI	B	-0.25%
OGE	C	-0.25%
CACI	B	-0.25%
RS	D	-0.24%
GPK	B	-0.24%
DNB	C	-0.24%
WSM	D	-0.23%
NXST	D	-0.23%
DOX	C	-0.23%
DKS	D	-0.23%
TWLO	D	-0.23%
SLGN	B	-0.23%
UTHR	C	-0.23%
R	A	-0.23%
EPR	B	-0.23%
CRUS	D	-0.23%
FAF	B	-0.22%
OLED	C	-0.22%
NFG	B	-0.22%
DBX	D	-0.22%
HOG	C	-0.22%
OC	D	-0.22%
UGI	C	-0.22%
JEF	B	-0.22%
BERY	B	-0.21%
THC	A	-0.21%
WAL	B	-0.21%
ARW	C	-0.21%
KBR	D	-0.21%
WU	F	-0.2%
COHR	C	-0.2%
ALLY	F	-0.2%
OSK	F	-0.2%
CMA	B	-0.2%
CNXC	F	-0.2%
AVT	C	-0.2%
CNH	D	-0.2%
BC	C	-0.2%
WCC	D	-0.2%
MAN	C	-0.2%
SNV	C	-0.19%
CRI	D	-0.19%
FNB	C	-0.19%
MDU	C	-0.19%
CHK	D	-0.19%
ST	D	-0.19%
SNX	D	-0.19%
AN	D	-0.19%
PAG	D	-0.18%
AGO	C	-0.18%
MUSA	D	-0.18%
AGCO	D	-0.18%
THO	D	-0.18%
DLB	F	-0.18%
OVV	F	-0.18%
GNTX	F	-0.18%
STWD	A	-0.18%
DINO	F	-0.18%
WHR	D	-0.18%
CLVT	D	-0.18%
MSM	D	-0.18%
JHG	B	-0.17%
ACI	F	-0.17%
LAD	D	-0.17%
JWN	C	-0.17%
OMF	D	-0.17%
DXC	C	-0.17%
RHI	D	-0.17%
CRBG	D	-0.16%
PVH	F	-0.16%
VAC	F	-0.16%
INGR	B	-0.16%
DELL	D	-0.16%
BYD	C	-0.16%
AYI	B	-0.16%
GAP	F	-0.16%
M	F	-0.16%
POST	C	-0.15%
GFS	F	-0.15%
ZION	D	-0.15%
GLOB	D	-0.15%
DT	C	-0.15%
FHN	D	-0.15%
COLB	B	-0.15%
EHC	C	-0.15%
AXS	B	-0.15%
LEA	F	-0.15%
TNL	D	-0.15%
PSN	B	-0.14%
CROX	D	-0.14%
WEN	C	-0.14%
CACC	F	-0.14%
SON	C	-0.14%
ARMK	B	-0.14%
DOCU	C	-0.14%
PB	B	-0.14%
GLPI	C	-0.13%
NNN	C	-0.13%
ENTG	F	-0.13%
WBS	D	-0.13%
AGNC	B	-0.13%
PK	D	-0.13%
KRC	C	-0.13%
PATH	D	-0.12%
KSS	F	-0.12%
PEGA	C	-0.12%
FHB	D	-0.12%
CUZ	B	-0.12%
IPGP	F	-0.12%
ZI	D	-0.12%
G	C	-0.12%
OKTA	F	-0.12%
AGR	B	-0.11%
LEG	D	-0.11%
SPB	C	-0.11%
NWL	C	-0.11%
ONTO	D	-0.11%
PII	D	-0.11%
COLM	C	-0.11%
IAC	C	-0.11%
WH	B	-0.11%
CPRI	D	-0.11%
OZK	D	-0.11%
BSY	D	-0.11%
TDC	F	-0.11%
PRGO	D	-0.11%
U	D	-0.11%
CIVI	F	-0.1%
CWEN	C	-0.1%
WPC	C	-0.1%
DV	F	-0.1%
SNDR	B	-0.1%
JAZZ	D	-0.09%
BOKF	B	-0.09%
RGA	C	-0.09%
PINC	C	-0.09%
SMAR	C	-0.09%
MTN	D	-0.09%
AAP	F	-0.08%
GTES	C	-0.08%
ALGM	F	-0.08%
VFC	C	-0.08%
MPW	C	-0.08%
ADTN	D	-0.07%
OGN	D	-0.07%
FTRE	D	-0.06%
UHAL	A	-0.05%
INFA	D	-0.05%
NVT	D	-0.03%
HUN	D	-0.03%
CLF	F	-0.02%
CR	C	-0.01%
BRX	B	-0.01%
LOPE	D	-0.0%