SSPY vs. LGH ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to HCM Defender 500 Index ETF (LGH)

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

$82.04

Average Daily Volume

2,303

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

LGH

HCM Defender 500 Index ETF

LGH Description

The investment seeks to provide investment results that correspond, before fees and expenses, generally to the performance of the HCM Defender 500 Index (the HCM 500 index). The fund seeks to achieve its investment objective by investing at least 80% of its net assets, including borrowings for investment purposes but exclusive of collateral held from securities lending, in securities included in the HCM 500 index. The HCM 500 index seeks to outperform the Solactive US Large Cap Index using a proprietary methodology.

Grade (RS Rating)

Last Trade

$53.26

Average Daily Volume

21,924

Number of Holdings ^*

452

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	LGH
30 Days	4.23%	4.06%
60 Days	1.79%	5.93%
90 Days	3.72%	7.78%
12 Months	23.81%	37.26%

414 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in LGH	Overlap
A	D	0.15%	0.06%	0.06%
AAPL	C	0.5%	6.76%	0.5%
ABBV	D	0.24%	0.45%	0.24%
ABNB	C	0.12%	0.08%	0.08%
ABT	B	0.06%	0.3%	0.06%
ACGL	D	0.14%	0.05%	0.05%
ACN	C	0.13%	0.35%	0.13%
ADBE	C	0.16%	0.33%	0.16%
ADI	D	0.22%	0.15%	0.15%
ADM	D	0.37%	0.04%	0.04%
ADP	B	0.21%	0.18%	0.18%
ADSK	A	0.17%	0.09%	0.09%
AEE	A	0.08%	0.03%	0.03%
AEP	D	0.24%	0.07%	0.07%
AFL	B	0.2%	0.09%	0.09%
AIG	B	0.2%	0.08%	0.08%
AJG	B	0.03%	0.1%	0.03%
AKAM	D	0.27%	0.02%	0.02%
ALGN	D	0.1%	0.02%	0.02%
ALL	A	0.2%	0.08%	0.08%
AMAT	F	0.18%	0.2%	0.18%
AMD	F	0.14%	0.32%	0.14%
AME	A	0.13%	0.06%	0.06%
AMGN	D	0.24%	0.22%	0.22%
AMP	A	0.08%	0.08%	0.08%
AMT	D	0.06%	0.14%	0.06%
AMZN	C	0.22%	3.64%	0.22%
ANET	C	0.21%	0.14%	0.14%
ANSS	B	0.17%	0.04%	0.04%
AON	A	0.04%	0.11%	0.04%
APD	A	0.05%	0.09%	0.05%
APH	A	0.19%	0.12%	0.12%
ARE	D	0.11%	0.02%	0.02%
ATO	A	0.33%	0.03%	0.03%
AVB	B	0.1%	0.05%	0.05%
AVGO	D	0.23%	1.37%	0.23%
AVY	D	0.06%	0.02%	0.02%
AWK	D	0.32%	0.04%	0.04%
AXON	A	0.09%	0.06%	0.06%
AXP	A	0.04%	0.24%	0.04%
AZO	C	0.14%	0.07%	0.07%
BA	F	0.16%	0.11%	0.11%
BAC	A	0.12%	0.48%	0.12%
BALL	D	0.13%	0.03%	0.03%
BAX	D	0.05%	0.03%	0.03%
BBY	D	0.17%	0.03%	0.03%
BDX	F	0.05%	0.1%	0.05%
BG	F	0.37%	0.02%	0.02%
BIIB	F	0.24%	0.03%	0.03%
BK	A	0.11%	0.09%	0.09%
BKNG	A	0.11%	0.26%	0.11%
BKR	B	0.35%	0.06%	0.06%
BLK	C	0.08%	0.21%	0.08%
BMY	B	0.25%	0.18%	0.18%
BR	A	0.11%	0.04%	0.04%
BRK.A	B	0.5%	1.2%	0.5%
BRO	B	0.04%	0.03%	0.03%
BSX	B	0.06%	0.19%	0.06%
BX	A	0.08%	0.2%	0.08%
C	A	0.13%	0.19%	0.13%
CAG	D	0.21%	0.02%	0.02%
CAH	B	0.19%	0.04%	0.04%
CARR	D	0.08%	0.09%	0.08%
CAT	B	0.14%	0.28%	0.14%
CB	C	0.14%	0.17%	0.14%
CBOE	B	0.04%	0.03%	0.03%
CBRE	B	0.04%	0.06%	0.04%
CCI	D	0.06%	0.06%	0.06%
CDNS	B	0.33%	0.12%	0.12%
CDW	F	0.13%	0.04%	0.04%
CEG	D	0.38%	0.12%	0.12%
CF	B	0.09%	0.02%	0.02%
CFG	B	0.06%	0.03%	0.03%
CHD	B	0.42%	0.04%	0.04%
CHTR	C	0.47%	0.05%	0.05%
CI	F	0.19%	0.14%	0.14%
CINF	A	0.14%	0.03%	0.03%
CL	D	0.41%	0.12%	0.12%
CLX	B	0.41%	0.03%	0.03%
CMCSA	B	0.52%	0.26%	0.26%
CME	A	0.04%	0.11%	0.04%
CMG	B	0.5%	0.1%	0.1%
CMI	A	0.08%	0.07%	0.07%
CMS	C	0.08%	0.03%	0.03%
CNC	D	0.26%	0.05%	0.05%
CNP	B	0.26%	0.02%	0.02%
COF	B	0.7%	0.1%	0.1%
COP	C	0.07%	0.19%	0.07%
COR	B	0.18%	0.06%	0.06%
COST	B	0.71%	0.63%	0.63%
CPAY	A	0.04%	0.03%	0.03%
CPRT	A	0.23%	0.07%	0.07%
CRM	B	0.35%	0.45%	0.35%
CRWD	B	0.18%	0.12%	0.12%
CSCO	B	0.21%	0.34%	0.21%
CSGP	D	0.04%	0.04%	0.04%
CSX	B	0.08%	0.1%	0.08%
CTAS	B	0.18%	0.11%	0.11%
CTRA	B	0.17%	0.03%	0.03%
CTSH	B	0.13%	0.06%	0.06%
CTVA	C	0.08%	0.07%	0.07%
CVS	D	0.69%	0.11%	0.11%
CVX	A	0.76%	0.41%	0.41%
D	C	0.24%	0.07%	0.07%
DAL	C	0.28%	0.05%	0.05%
DD	D	0.05%	0.05%	0.05%
DE	A	0.13%	0.16%	0.13%
DECK	A	0.3%	0.03%	0.03%
DELL	C	0.17%	0.05%	0.05%
DFS	B	0.69%	0.06%	0.06%
DG	F	0.17%	0.02%	0.02%
DGX	A	0.16%	0.03%	0.03%
DHI	D	0.24%	0.07%	0.07%
DHR	F	0.1%	0.23%	0.1%
DIS	B	0.21%	0.29%	0.21%
DLR	B	0.26%	0.08%	0.08%
DLTR	F	0.17%	0.02%	0.02%
DOV	A	0.17%	0.04%	0.04%
DOW	F	0.07%	0.05%	0.05%
DPZ	C	0.52%	0.02%	0.02%
DRI	B	0.51%	0.03%	0.03%
DTE	C	0.25%	0.04%	0.04%
DUK	C	0.07%	0.13%	0.07%
DVN	F	0.16%	0.04%	0.04%
DXCM	D	0.1%	0.04%	0.04%
EA	A	0.49%	0.06%	0.06%
EBAY	D	0.22%	0.04%	0.04%
ECL	D	0.05%	0.09%	0.05%
ED	D	0.24%	0.05%	0.05%
EFX	F	0.04%	0.05%	0.04%
EIX	B	0.25%	0.05%	0.05%
EL	F	0.5%	0.02%	0.02%
ELV	F	0.24%	0.14%	0.14%
EMR	A	0.03%	0.1%	0.03%
EOG	A	0.07%	0.11%	0.07%
EQIX	A	0.27%	0.12%	0.12%
EQR	B	0.1%	0.04%	0.04%
EQT	B	0.18%	0.03%	0.03%
ES	D	0.07%	0.03%	0.03%
ESS	B	0.1%	0.03%	0.03%
ETN	A	0.26%	0.2%	0.2%
ETR	B	0.25%	0.04%	0.04%
EVRG	A	0.08%	0.02%	0.02%
EW	C	0.06%	0.06%	0.06%
EXC	C	0.3%	0.06%	0.06%
EXPD	D	0.09%	0.02%	0.02%
EXPE	B	0.12%	0.03%	0.03%
EXR	D	0.11%	0.05%	0.05%
F	C	0.25%	0.06%	0.06%
FANG	D	0.07%	0.04%	0.04%
FAST	B	0.13%	0.07%	0.07%
FCX	D	0.3%	0.09%	0.09%
FDS	B	0.04%	0.02%	0.02%
FDX	B	0.07%	0.09%	0.07%
FE	C	0.24%	0.03%	0.03%
FI	A	0.06%	0.19%	0.06%
FICO	B	0.05%	0.07%	0.05%
FIS	C	0.05%	0.07%	0.05%
FITB	A	0.06%	0.05%	0.05%
FSLR	F	0.2%	0.03%	0.03%
FTNT	C	0.17%	0.09%	0.09%
FTV	C	0.03%	0.04%	0.03%
GD	F	0.16%	0.09%	0.09%
GDDY	A	0.27%	0.05%	0.05%
GE	D	0.17%	0.28%	0.17%
GEHC	F	0.1%	0.04%	0.04%
GEN	B	0.17%	0.02%	0.02%
GEV	B	0.18%	0.13%	0.13%
GILD	C	0.25%	0.17%	0.17%
GIS	D	0.21%	0.06%	0.06%
GLW	B	0.19%	0.05%	0.05%
GM	B	0.25%	0.12%	0.12%
GOOGL	C	0.23%	1.88%	0.23%
GPC	D	0.15%	0.03%	0.03%
GPN	B	0.04%	0.05%	0.04%
GRMN	B	0.33%	0.05%	0.05%
GS	A	0.25%	0.29%	0.25%
GWW	B	0.12%	0.06%	0.06%
HAL	C	0.34%	0.04%	0.04%
HBAN	A	0.06%	0.04%	0.04%
HCA	F	0.33%	0.1%	0.1%
HD	A	0.26%	0.6%	0.26%
HES	B	0.07%	0.06%	0.06%
HIG	B	0.14%	0.06%	0.06%
HLT	A	0.12%	0.09%	0.09%
HOLX	D	0.1%	0.02%	0.02%
HON	B	0.17%	0.21%	0.17%
HPE	B	0.19%	0.04%	0.04%
HPQ	B	0.35%	0.05%	0.05%
HSY	F	0.18%	0.04%	0.04%
HUBB	B	0.26%	0.03%	0.03%
HUM	C	0.26%	0.05%	0.05%
HWM	A	0.08%	0.07%	0.07%
IBM	C	0.34%	0.3%	0.3%
ICE	C	0.04%	0.12%	0.04%
IDXX	F	0.1%	0.05%	0.05%
IEX	B	0.2%	0.02%	0.02%
IFF	D	0.05%	0.04%	0.04%
INTC	D	0.16%	0.15%	0.15%
INTU	C	0.2%	0.25%	0.2%
INVH	D	0.1%	0.03%	0.03%
IP	B	0.06%	0.03%	0.03%
IQV	D	0.14%	0.05%	0.05%
IR	B	0.2%	0.05%	0.05%
IRM	D	0.06%	0.04%	0.04%
ISRG	A	0.12%	0.28%	0.12%
IT	C	0.13%	0.05%	0.05%
ITW	B	0.17%	0.12%	0.12%
J	F	0.4%	0.02%	0.02%
JBHT	C	0.08%	0.02%	0.02%
JBL	B	0.38%	0.02%	0.02%
JCI	C	0.08%	0.08%	0.08%
JKHY	D	0.05%	0.02%	0.02%
JNJ	D	0.24%	0.65%	0.24%
JPM	A	0.13%	1.34%	0.13%
K	A	0.18%	0.03%	0.03%
KDP	D	0.24%	0.04%	0.04%
KEY	B	0.06%	0.02%	0.02%
KEYS	A	0.21%	0.04%	0.04%
KHC	F	0.21%	0.03%	0.03%
KIM	A	0.06%	0.02%	0.02%
KKR	A	0.09%	0.14%	0.09%
KLAC	D	0.17%	0.12%	0.12%
KMB	D	0.42%	0.06%	0.06%
KMI	A	0.25%	0.09%	0.09%
KO	D	0.25%	0.36%	0.25%
KR	B	0.74%	0.07%	0.07%
KVUE	A	0.42%	0.06%	0.06%
LDOS	C	0.13%	0.03%	0.03%
LEN	D	0.25%	0.06%	0.06%
LH	C	0.16%	0.03%	0.03%
LHX	C	0.08%	0.07%	0.07%
LIN	D	0.04%	0.32%	0.04%
LLY	F	0.23%	1.21%	0.23%
LMT	D	0.09%	0.2%	0.09%
LNT	A	0.08%	0.03%	0.03%
LOW	D	0.26%	0.23%	0.23%
LUV	C	0.25%	0.03%	0.03%
LVS	C	0.08%	0.02%	0.02%
LYB	F	0.07%	0.03%	0.03%
MA	C	0.04%	0.74%	0.04%
MAA	B	0.1%	0.03%	0.03%
MAR	B	0.12%	0.1%	0.1%
MAS	D	0.19%	0.03%	0.03%
MCD	D	0.5%	0.31%	0.31%
MCHP	D	0.14%	0.05%	0.05%
MCK	B	0.18%	0.12%	0.12%
MCO	B	0.04%	0.11%	0.04%
MDLZ	F	0.18%	0.13%	0.13%
MDT	D	0.06%	0.17%	0.06%
MET	A	0.21%	0.08%	0.08%
META	D	0.47%	2.42%	0.47%
MKC	D	0.21%	0.03%	0.03%
MLM	B	0.17%	0.05%	0.05%
MMC	B	0.04%	0.15%	0.04%
MMM	D	0.17%	0.1%	0.1%
MNST	C	0.25%	0.04%	0.04%
MO	A	0.35%	0.15%	0.15%
MOH	F	0.25%	0.02%	0.02%
MPC	D	0.49%	0.09%	0.09%
MPWR	F	0.22%	0.04%	0.04%
MRK	F	0.24%	0.38%	0.24%
MRNA	F	0.24%	0.02%	0.02%
MRO	B	0.07%	0.02%	0.02%
MS	A	0.26%	0.26%	0.26%
MSCI	C	0.04%	0.06%	0.04%
MSFT	F	0.32%	6.15%	0.32%
MSI	B	0.49%	0.11%	0.11%
MTB	A	0.06%	0.05%	0.05%
MTD	D	0.15%	0.04%	0.04%
MU	D	0.15%	0.16%	0.15%
NDAQ	A	0.04%	0.04%	0.04%
NEE	D	0.24%	0.24%	0.24%
NEM	D	0.25%	0.05%	0.05%
NFLX	A	0.22%	0.54%	0.22%
NKE	D	0.33%	0.14%	0.14%
NOC	D	0.09%	0.11%	0.09%
NOW	A	0.22%	0.29%	0.22%
NSC	B	0.08%	0.09%	0.08%
NTAP	C	0.17%	0.04%	0.04%
NTRS	A	0.08%	0.03%	0.03%
NUE	C	0.26%	0.06%	0.06%
NVDA	C	0.13%	7.13%	0.13%
NVR	D	0.26%	0.03%	0.03%
O	D	0.07%	0.06%	0.06%
ODFL	B	0.08%	0.06%	0.06%
OKE	A	0.24%	0.1%	0.1%
OMC	C	0.34%	0.03%	0.03%
ON	D	0.23%	0.04%	0.04%
ORCL	B	0.34%	0.43%	0.34%
ORLY	B	0.14%	0.1%	0.1%
OTIS	C	0.08%	0.06%	0.06%
OXY	D	0.07%	0.05%	0.05%
PANW	C	0.16%	0.17%	0.16%
PAYX	C	0.21%	0.06%	0.06%
PCAR	B	0.13%	0.08%	0.08%
PCG	A	0.08%	0.07%	0.07%
PEG	A	0.26%	0.06%	0.06%
PEP	F	0.18%	0.32%	0.18%
PFE	D	0.24%	0.22%	0.22%
PFG	D	0.21%	0.03%	0.03%
PG	A	0.42%	0.61%	0.42%
PGR	A	0.19%	0.22%	0.19%
PH	A	0.08%	0.13%	0.08%
PHM	D	0.25%	0.04%	0.04%
PKG	A	0.06%	0.03%	0.03%
PLD	D	0.06%	0.16%	0.06%
PLTR	B	0.23%	0.16%	0.16%
PM	B	0.35%	0.3%	0.3%
PNC	B	0.06%	0.12%	0.06%
PODD	C	0.1%	0.02%	0.02%
POOL	C	0.13%	0.02%	0.02%
PPG	F	0.07%	0.04%	0.04%
PPL	B	0.08%	0.04%	0.04%
PRU	A	0.2%	0.07%	0.07%
PSA	D	0.11%	0.08%	0.08%
PSX	C	0.51%	0.08%	0.08%
PTC	A	0.17%	0.04%	0.04%
PWR	A	0.4%	0.07%	0.07%
PYPL	B	0.06%	0.13%	0.06%
QCOM	F	0.22%	0.24%	0.22%
RCL	A	0.09%	0.07%	0.07%
REGN	F	0.22%	0.11%	0.11%
RF	A	0.06%	0.04%	0.04%
RJF	A	0.25%	0.05%	0.05%
RMD	C	0.09%	0.05%	0.05%
ROK	B	0.03%	0.05%	0.03%
ROP	B	0.03%	0.08%	0.03%
ROST	C	0.72%	0.07%	0.07%
RSG	A	0.18%	0.06%	0.06%
RTX	C	0.08%	0.25%	0.08%
RVTY	F	0.1%	0.02%	0.02%
SBAC	D	0.06%	0.04%	0.04%
SBUX	A	0.48%	0.17%	0.17%
SCHW	B	0.25%	0.16%	0.16%
SHW	A	0.06%	0.13%	0.06%
SLB	C	0.35%	0.09%	0.09%
SMCI	F	0.15%	0.03%	0.03%
SNPS	B	0.34%	0.11%	0.11%
SO	D	0.08%	0.14%	0.08%
SPG	B	0.07%	0.09%	0.07%
SPGI	C	0.04%	0.23%	0.04%
SRE	A	0.08%	0.09%	0.08%
STE	F	0.12%	0.03%	0.03%
STLD	B	0.27%	0.03%	0.03%
STT	A	0.12%	0.04%	0.04%
STX	D	0.17%	0.03%	0.03%
STZ	D	0.25%	0.06%	0.06%
SWK	D	0.27%	0.02%	0.02%
SWKS	F	0.21%	0.02%	0.02%
SYF	B	0.69%	0.03%	0.03%
SYK	C	0.12%	0.18%	0.12%
SYY	B	0.75%	0.06%	0.06%
T	A	0.33%	0.24%	0.24%
TDG	D	0.08%	0.08%	0.08%
TDY	B	0.03%	0.03%	0.03%
TER	D	0.17%	0.03%	0.03%
TFC	A	0.06%	0.09%	0.06%
TGT	F	0.17%	0.08%	0.08%
TJX	A	0.72%	0.2%	0.2%
TMO	F	0.14%	0.3%	0.14%
TMUS	B	0.33%	0.17%	0.17%
TRGP	B	0.24%	0.07%	0.07%
TRMB	B	0.03%	0.02%	0.02%
TROW	B	0.09%	0.04%	0.04%
TRV	B	0.14%	0.09%	0.09%
TSCO	D	0.12%	0.04%	0.04%
TSLA	B	0.28%	1.8%	0.28%
TSN	B	0.36%	0.03%	0.03%
TT	A	0.07%	0.13%	0.07%
TTWO	A	0.49%	0.04%	0.04%
TXN	C	0.23%	0.26%	0.23%
TXT	D	0.16%	0.02%	0.02%
TYL	B	0.22%	0.03%	0.03%
UAL	A	0.28%	0.04%	0.04%
UBER	D	0.11%	0.19%	0.11%
ULTA	F	0.17%	0.02%	0.02%
UNH	C	0.26%	1.04%	0.26%
UNP	C	0.08%	0.21%	0.08%
UPS	C	0.09%	0.14%	0.09%
URI	B	0.14%	0.08%	0.08%
USB	A	0.06%	0.11%	0.06%
V	A	0.04%	0.96%	0.04%
VICI	C	0.06%	0.05%	0.05%
VLO	C	0.5%	0.07%	0.07%
VLTO	D	0.03%	0.03%	0.03%
VMC	B	0.17%	0.06%	0.06%
VRSK	A	0.04%	0.06%	0.04%
VRSN	F	0.27%	0.02%	0.02%
VRTX	F	0.23%	0.17%	0.17%
VTR	C	0.11%	0.04%	0.04%
VTRS	A	0.24%	0.02%	0.02%
VZ	C	0.33%	0.26%	0.26%
WAB	B	0.13%	0.05%	0.05%
WAT	B	0.15%	0.03%	0.03%
WBD	C	0.19%	0.04%	0.04%
WDC	D	0.17%	0.03%	0.03%
WEC	A	0.07%	0.04%	0.04%
WELL	A	0.11%	0.1%	0.1%
WFC	A	0.13%	0.39%	0.13%
WM	A	0.18%	0.13%	0.13%
WMB	A	0.25%	0.11%	0.11%
WMT	A	0.73%	0.54%	0.54%
WRB	A	0.14%	0.03%	0.03%
WST	C	0.05%	0.03%	0.03%
WTW	B	0.03%	0.05%	0.03%
WY	D	0.17%	0.04%	0.04%
XEL	A	0.08%	0.06%	0.06%
XOM	B	0.77%	1.03%	0.77%
XYL	D	0.19%	0.05%	0.05%
YUM	B	0.51%	0.05%	0.05%
ZBH	C	0.12%	0.03%	0.03%
ZBRA	B	0.13%	0.03%	0.03%
ZTS	D	0.25%	0.12%	0.12%

SSPY Overweight 86 Positions Relative to LGH

Symbol	Grade	Weight
WBA	F	0.64%
L	A	0.49%
MTCH	D	0.47%
BWA	D	0.42%
VST	B	0.41%
APTV	D	0.4%
HRL	D	0.36%
IPG	D	0.34%
TPR	B	0.33%
NI	A	0.33%
NRG	B	0.33%
AES	F	0.32%
UHS	D	0.32%
RL	B	0.32%
LULU	C	0.31%
ENPH	F	0.26%
HAS	D	0.26%
CTLT	B	0.25%
SNA	A	0.25%
TAP	C	0.25%
INCY	C	0.25%
GOOG	C	0.23%
NXPI	D	0.23%
PAYC	B	0.22%
LW	C	0.22%
DAY	B	0.22%
FFIV	B	0.21%
AOS	F	0.21%
QRVO	F	0.21%
SJM	D	0.21%
GL	B	0.2%
JNPR	F	0.2%
PARA	C	0.2%
CPB	D	0.2%
AIZ	A	0.2%
ERIE	D	0.2%
HSIC	B	0.2%
MHK	D	0.19%
TEL	B	0.19%
PNR	A	0.19%
BLDR	D	0.19%
BBWI	D	0.19%
ROL	B	0.18%
TECH	D	0.15%
CRL	C	0.14%
KMX	B	0.14%
EG	C	0.14%
LKQ	D	0.14%
AMCR	D	0.13%
EPAM	C	0.13%
DVA	B	0.11%
CPT	B	0.11%
DOC	D	0.11%
BXP	D	0.11%
HST	C	0.11%
NWSA	B	0.1%
NWS	B	0.1%
FOX	A	0.1%
UDR	B	0.1%
FOXA	B	0.1%
FMC	D	0.09%
BEN	C	0.09%
CCL	B	0.09%
CHRW	C	0.09%
NCLH	B	0.09%
LYV	A	0.09%
IVZ	B	0.09%
ALLE	D	0.08%
GNRC	B	0.08%
WYNN	D	0.08%
HII	D	0.08%
MOS	F	0.08%
SW	A	0.07%
CZR	F	0.07%
MGM	D	0.07%
APA	D	0.07%
PNW	B	0.07%
CE	F	0.07%
REG	B	0.06%
FRT	B	0.06%
SOLV	C	0.05%
TFX	F	0.05%
EMN	D	0.05%
ALB	C	0.05%
MKTX	D	0.04%
NDSN	B	0.03%

SSPY Underweight 38 Positions Relative to LGH

Symbol	Grade	Weight
SPXL	B	-18.71%
LRCX	F	-0.13%
MRVL	B	-0.11%
VRT	B	-0.1%
APO	B	-0.1%
TTD	B	-0.1%
COIN	C	-0.09%
SQ	B	-0.08%
SNOW	C	-0.07%
DASH	A	-0.07%
LNG	B	-0.07%
WDAY	B	-0.07%
DDOG	A	-0.06%
TEAM	A	-0.06%
NET	B	-0.05%
TPL	A	-0.05%
VEEV	C	-0.05%
CSL	C	-0.04%
ILMN	D	-0.04%
ALNY	D	-0.04%
HUBS	A	-0.04%
RS	B	-0.03%
TRU	D	-0.03%
PINS	D	-0.03%
RBLX	C	-0.03%
ZM	B	-0.03%
MDB	C	-0.03%
LPLA	A	-0.03%
MKL	A	-0.03%
ARES	A	-0.03%
AVTR	F	-0.02%
BMRN	D	-0.02%
RPM	A	-0.02%
SSNC	B	-0.02%
SUI	D	-0.02%
ENTG	D	-0.02%
BAH	F	-0.02%
WPC	D	-0.01%