SSPY vs. LRGF ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to iShares FactorSelect MSCI USA ETF (LRGF)

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

LRGF

iShares FactorSelect MSCI USA ETF

LRGF Description

The investment seeks to track the investment results of the MSCI USA Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). 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. The underlying index is designed to select equity securities from MSCI USA Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.96

Average Daily Volume

91,138

Number of Holdings ^*

272

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	LRGF
30 Days	4.23%	4.57%
60 Days	1.79%	6.07%
90 Days	3.72%	7.74%
12 Months	23.81%	37.24%

195 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in LRGF	Overlap
AAPL	C	0.5%	6.35%	0.5%
ABBV	D	0.24%	0.9%	0.24%
ABNB	C	0.12%	0.3%	0.12%
ABT	B	0.06%	0.53%	0.06%
ACGL	D	0.14%	0.07%	0.07%
ACN	C	0.13%	0.14%	0.13%
ADBE	C	0.16%	0.28%	0.16%
ADM	D	0.37%	0.07%	0.07%
ADP	B	0.21%	0.16%	0.16%
AFL	B	0.2%	0.38%	0.2%
AIG	B	0.2%	0.3%	0.2%
AMAT	F	0.18%	0.46%	0.18%
AMD	F	0.14%	0.13%	0.13%
AMGN	D	0.24%	0.42%	0.24%
AMP	A	0.08%	0.41%	0.08%
AMT	D	0.06%	0.09%	0.06%
AMZN	C	0.22%	3.01%	0.22%
ANET	C	0.21%	0.3%	0.21%
APA	D	0.07%	0.09%	0.07%
AVB	B	0.1%	0.22%	0.1%
AVGO	D	0.23%	1.82%	0.23%
AWK	D	0.32%	0.52%	0.32%
AXP	A	0.04%	0.24%	0.04%
AZO	C	0.14%	0.14%	0.14%
BAC	A	0.12%	0.37%	0.12%
BBWI	D	0.19%	0.14%	0.14%
BBY	D	0.17%	0.24%	0.17%
BDX	F	0.05%	0.02%	0.02%
BK	A	0.11%	0.61%	0.11%
BKNG	A	0.11%	1.17%	0.11%
BLDR	D	0.19%	0.53%	0.19%
BLK	C	0.08%	0.24%	0.08%
BMY	B	0.25%	0.72%	0.25%
BRK.A	B	0.5%	0.5%	0.5%
BSX	B	0.06%	0.02%	0.02%
BXP	D	0.11%	0.04%	0.04%
C	A	0.13%	0.15%	0.13%
CARR	D	0.08%	0.07%	0.07%
CAT	B	0.14%	0.26%	0.14%
CDNS	B	0.33%	0.19%	0.19%
CEG	D	0.38%	0.05%	0.05%
CHTR	C	0.47%	0.07%	0.07%
CI	F	0.19%	0.21%	0.19%
CMCSA	B	0.52%	0.41%	0.41%
COF	B	0.7%	0.22%	0.22%
COP	C	0.07%	0.05%	0.05%
COST	B	0.71%	0.54%	0.54%
CRM	B	0.35%	0.12%	0.12%
CRWD	B	0.18%	0.22%	0.18%
CSCO	B	0.21%	0.4%	0.21%
CTAS	B	0.18%	0.38%	0.18%
CVS	D	0.69%	0.17%	0.17%
CVX	A	0.76%	0.54%	0.54%
DE	A	0.13%	0.03%	0.03%
DECK	A	0.3%	0.32%	0.3%
DELL	C	0.17%	0.35%	0.17%
DOW	F	0.07%	0.04%	0.04%
DTE	C	0.25%	0.13%	0.13%
DUK	C	0.07%	0.21%	0.07%
DVA	B	0.11%	0.23%	0.11%
EBAY	D	0.22%	0.31%	0.22%
ED	D	0.24%	0.51%	0.24%
EG	C	0.14%	0.05%	0.05%
ELV	F	0.24%	0.29%	0.24%
EMR	A	0.03%	0.31%	0.03%
EOG	A	0.07%	0.01%	0.01%
EQR	B	0.1%	0.29%	0.1%
ETN	A	0.26%	0.38%	0.26%
EXC	C	0.3%	0.16%	0.16%
EXPD	D	0.09%	0.01%	0.01%
F	C	0.25%	0.18%	0.18%
FDX	B	0.07%	0.01%	0.01%
FE	C	0.24%	0.05%	0.05%
FI	A	0.06%	0.11%	0.06%
FICO	B	0.05%	0.61%	0.05%
FOXA	B	0.1%	0.25%	0.1%
FTNT	C	0.17%	0.49%	0.17%
GE	D	0.17%	0.14%	0.14%
GEHC	F	0.1%	0.41%	0.1%
GILD	C	0.25%	0.49%	0.25%
GIS	D	0.21%	0.23%	0.21%
GL	B	0.2%	0.1%	0.1%
GM	B	0.25%	0.52%	0.25%
GOOG	C	0.23%	1.8%	0.23%
GS	A	0.25%	0.59%	0.25%
GWW	B	0.12%	0.11%	0.11%
HD	A	0.26%	0.58%	0.26%
HIG	B	0.14%	0.03%	0.03%
HOLX	D	0.1%	0.36%	0.1%
HPE	B	0.19%	0.48%	0.19%
HPQ	B	0.35%	0.19%	0.19%
HSY	F	0.18%	0.04%	0.04%
HUM	C	0.26%	0.14%	0.14%
IBM	C	0.34%	0.16%	0.16%
INTU	C	0.2%	0.31%	0.2%
IT	C	0.13%	0.36%	0.13%
ITW	B	0.17%	0.21%	0.17%
JBL	B	0.38%	0.31%	0.31%
JNJ	D	0.24%	0.87%	0.24%
JPM	A	0.13%	1.64%	0.13%
KHC	F	0.21%	0.02%	0.02%
KLAC	D	0.17%	0.31%	0.17%
KMI	A	0.25%	0.14%	0.14%
KO	D	0.25%	0.61%	0.25%
KR	B	0.74%	0.35%	0.35%
LIN	D	0.04%	0.91%	0.04%
LLY	F	0.23%	1.09%	0.23%
LMT	D	0.09%	0.19%	0.09%
LOW	D	0.26%	0.58%	0.26%
LYV	A	0.09%	0.02%	0.02%
MA	C	0.04%	0.75%	0.04%
MCD	D	0.5%	0.63%	0.5%
MCHP	D	0.14%	0.08%	0.08%
MCK	B	0.18%	0.5%	0.18%
MDLZ	F	0.18%	0.1%	0.1%
MDT	D	0.06%	0.1%	0.06%
MET	A	0.21%	0.03%	0.03%
META	D	0.47%	2.16%	0.47%
MGM	D	0.07%	0.03%	0.03%
MMM	D	0.17%	0.13%	0.13%
MO	A	0.35%	0.1%	0.1%
MOH	F	0.25%	0.16%	0.16%
MPC	D	0.49%	0.57%	0.49%
MRK	F	0.24%	0.57%	0.24%
MRNA	F	0.24%	0.04%	0.04%
MRO	B	0.07%	0.09%	0.07%
MS	A	0.26%	0.11%	0.11%
MSCI	C	0.04%	0.37%	0.04%
MSFT	F	0.32%	5.67%	0.32%
MSI	B	0.49%	0.22%	0.22%
MTD	D	0.15%	0.27%	0.15%
NDAQ	A	0.04%	0.22%	0.04%
NEE	D	0.24%	0.17%	0.17%
NFLX	A	0.22%	0.19%	0.19%
NOW	A	0.22%	0.04%	0.04%
NTAP	C	0.17%	0.02%	0.02%
NUE	C	0.26%	0.21%	0.21%
NVDA	C	0.13%	6.55%	0.13%
NWSA	B	0.1%	0.02%	0.02%
OMC	C	0.34%	0.15%	0.15%
ORCL	B	0.34%	0.16%	0.16%
OTIS	C	0.08%	0.27%	0.08%
PANW	C	0.16%	0.18%	0.16%
PAYX	C	0.21%	0.4%	0.21%
PCAR	B	0.13%	0.23%	0.13%
PEP	F	0.18%	0.87%	0.18%
PFE	D	0.24%	0.31%	0.24%
PFG	D	0.21%	0.05%	0.05%
PG	A	0.42%	1.26%	0.42%
PH	A	0.08%	0.1%	0.08%
PLD	D	0.06%	0.07%	0.06%
PM	B	0.35%	0.4%	0.35%
PRU	A	0.2%	0.19%	0.19%
PSA	D	0.11%	0.23%	0.11%
PSX	C	0.51%	0.01%	0.01%
QCOM	F	0.22%	0.45%	0.22%
RL	B	0.32%	0.12%	0.12%
SBUX	A	0.48%	0.19%	0.19%
SHW	A	0.06%	0.07%	0.06%
SNPS	B	0.34%	0.18%	0.18%
SO	D	0.08%	0.12%	0.08%
SOLV	C	0.05%	0.2%	0.05%
SPG	B	0.07%	0.38%	0.07%
SPGI	C	0.04%	0.43%	0.04%
SRE	A	0.08%	0.07%	0.07%
STLD	B	0.27%	0.26%	0.26%
STT	A	0.12%	0.22%	0.12%
SYF	B	0.69%	0.26%	0.26%
SYK	C	0.12%	0.17%	0.12%
T	A	0.33%	0.59%	0.33%
TAP	C	0.25%	0.07%	0.07%
TGT	F	0.17%	0.3%	0.17%
TMO	F	0.14%	0.27%	0.14%
TPR	B	0.33%	0.32%	0.32%
TRV	B	0.14%	0.2%	0.14%
TSLA	B	0.28%	0.76%	0.28%
TT	A	0.07%	0.21%	0.07%
TXN	C	0.23%	0.04%	0.04%
UAL	A	0.28%	0.03%	0.03%
UBER	D	0.11%	0.28%	0.11%
ULTA	F	0.17%	0.01%	0.01%
UNH	C	0.26%	0.89%	0.26%
V	A	0.04%	1.28%	0.04%
VLO	C	0.5%	0.33%	0.33%
VLTO	D	0.03%	0.08%	0.03%
VRTX	F	0.23%	0.19%	0.19%
VST	B	0.41%	0.45%	0.41%
VZ	C	0.33%	0.34%	0.33%
WEC	A	0.07%	0.2%	0.07%
WFC	A	0.13%	0.5%	0.13%
WMT	A	0.73%	1.03%	0.73%
WY	D	0.17%	0.33%	0.17%
XOM	B	0.77%	0.94%	0.77%
YUM	B	0.51%	0.3%	0.3%
ZBH	C	0.12%	0.03%	0.03%

SSPY Overweight 305 Positions Relative to LRGF

Symbol	Grade	Weight
SYY	B	0.75%
ROST	C	0.72%
TJX	A	0.72%
DFS	B	0.69%
WBA	F	0.64%
DPZ	C	0.52%
DRI	B	0.51%
EL	F	0.5%
CMG	B	0.5%
EA	A	0.49%
TTWO	A	0.49%
L	A	0.49%
MTCH	D	0.47%
KMB	D	0.42%
KVUE	A	0.42%
BWA	D	0.42%
CHD	B	0.42%
CL	D	0.41%
CLX	B	0.41%
APTV	D	0.4%
J	F	0.4%
PWR	A	0.4%
BG	F	0.37%
TSN	B	0.36%
HRL	D	0.36%
SLB	C	0.35%
BKR	B	0.35%
IPG	D	0.34%
HAL	C	0.34%
TMUS	B	0.33%
ATO	A	0.33%
GRMN	B	0.33%
NI	A	0.33%
NRG	B	0.33%
HCA	F	0.33%
NKE	D	0.33%
AES	F	0.32%
UHS	D	0.32%
LULU	C	0.31%
FCX	D	0.3%
DAL	C	0.28%
SWK	D	0.27%
GDDY	A	0.27%
EQIX	A	0.27%
AKAM	D	0.27%
VRSN	F	0.27%
CNP	B	0.26%
HUBB	B	0.26%
ENPH	F	0.26%
PEG	A	0.26%
HAS	D	0.26%
CNC	D	0.26%
NVR	D	0.26%
DLR	B	0.26%
LEN	D	0.25%
WMB	A	0.25%
NEM	D	0.25%
CTLT	B	0.25%
EIX	B	0.25%
STZ	D	0.25%
ZTS	D	0.25%
SNA	A	0.25%
PHM	D	0.25%
LUV	C	0.25%
MNST	C	0.25%
ETR	B	0.25%
INCY	C	0.25%
RJF	A	0.25%
SCHW	B	0.25%
DHI	D	0.24%
AEP	D	0.24%
D	C	0.24%
TRGP	B	0.24%
OKE	A	0.24%
VTRS	A	0.24%
KDP	D	0.24%
BIIB	F	0.24%
PLTR	B	0.23%
CPRT	A	0.23%
ON	D	0.23%
GOOGL	C	0.23%
NXPI	D	0.23%
PAYC	B	0.22%
REGN	F	0.22%
TYL	B	0.22%
LW	C	0.22%
DAY	B	0.22%
ADI	D	0.22%
MPWR	F	0.22%
FFIV	B	0.21%
KEYS	A	0.21%
DIS	B	0.21%
AOS	F	0.21%
MKC	D	0.21%
QRVO	F	0.21%
SWKS	F	0.21%
SJM	D	0.21%
CAG	D	0.21%
ALL	A	0.2%
IEX	B	0.2%
IR	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%
FSLR	F	0.2%
MHK	D	0.19%
APH	A	0.19%
XYL	D	0.19%
CAH	B	0.19%
TEL	B	0.19%
PGR	A	0.19%
MAS	D	0.19%
WBD	C	0.19%
PNR	A	0.19%
GLW	B	0.19%
RSG	A	0.18%
GEV	B	0.18%
EQT	B	0.18%
WM	A	0.18%
ROL	B	0.18%
COR	B	0.18%
K	A	0.18%
HON	B	0.17%
ADSK	A	0.17%
TER	D	0.17%
ANSS	B	0.17%
DG	F	0.17%
DOV	A	0.17%
GEN	B	0.17%
CTRA	B	0.17%
MLM	B	0.17%
DLTR	F	0.17%
PTC	A	0.17%
VMC	B	0.17%
STX	D	0.17%
WDC	D	0.17%
INTC	D	0.16%
DVN	F	0.16%
GD	F	0.16%
BA	F	0.16%
LH	C	0.16%
TXT	D	0.16%
DGX	A	0.16%
TECH	D	0.15%
SMCI	F	0.15%
A	D	0.15%
GPC	D	0.15%
WAT	B	0.15%
MU	D	0.15%
WRB	A	0.14%
IQV	D	0.14%
URI	B	0.14%
CINF	A	0.14%
ORLY	B	0.14%
CRL	C	0.14%
CB	C	0.14%
KMX	B	0.14%
LKQ	D	0.14%
BALL	D	0.13%
FAST	B	0.13%
CDW	F	0.13%
AMCR	D	0.13%
AME	A	0.13%
POOL	C	0.13%
EPAM	C	0.13%
CTSH	B	0.13%
ZBRA	B	0.13%
WAB	B	0.13%
LDOS	C	0.13%
HLT	A	0.12%
MAR	B	0.12%
STE	F	0.12%
EXPE	B	0.12%
ISRG	A	0.12%
TSCO	D	0.12%
ARE	D	0.11%
VTR	C	0.11%
WELL	A	0.11%
EXR	D	0.11%
CPT	B	0.11%
BR	A	0.11%
DOC	D	0.11%
HST	C	0.11%
DXCM	D	0.1%
PODD	C	0.1%
DHR	F	0.1%
IDXX	F	0.1%
NWS	B	0.1%
ESS	B	0.1%
RVTY	F	0.1%
ALGN	D	0.1%
MAA	B	0.1%
INVH	D	0.1%
FOX	A	0.1%
UDR	B	0.1%
TROW	B	0.09%
FMC	D	0.09%
BEN	C	0.09%
NOC	D	0.09%
UPS	C	0.09%
AXON	A	0.09%
RCL	A	0.09%
CCL	B	0.09%
CHRW	C	0.09%
CF	B	0.09%
KKR	A	0.09%
NCLH	B	0.09%
IVZ	B	0.09%
RMD	C	0.09%
ALLE	D	0.08%
CMS	C	0.08%
PCG	A	0.08%
XEL	A	0.08%
HWM	A	0.08%
PPL	B	0.08%
EVRG	A	0.08%
LNT	A	0.08%
AEE	A	0.08%
TDG	D	0.08%
JCI	C	0.08%
UNP	C	0.08%
CMI	A	0.08%
NSC	B	0.08%
GNRC	B	0.08%
WYNN	D	0.08%
ODFL	B	0.08%
RTX	C	0.08%
HII	D	0.08%
BX	A	0.08%
NTRS	A	0.08%
LHX	C	0.08%
LVS	C	0.08%
MOS	F	0.08%
JBHT	C	0.08%
CSX	B	0.08%
CTVA	C	0.08%
O	D	0.07%
LYB	F	0.07%
SW	A	0.07%
PPG	F	0.07%
FANG	D	0.07%
OXY	D	0.07%
CZR	F	0.07%
HES	B	0.07%
PNW	B	0.07%
CE	F	0.07%
ES	D	0.07%
TFC	A	0.06%
CFG	B	0.06%
HBAN	A	0.06%
USB	A	0.06%
FITB	A	0.06%
PNC	B	0.06%
KEY	B	0.06%
RF	A	0.06%
MTB	A	0.06%
EW	C	0.06%
AVY	D	0.06%
PYPL	B	0.06%
IP	B	0.06%
PKG	A	0.06%
REG	B	0.06%
KIM	A	0.06%
FRT	B	0.06%
SBAC	D	0.06%
VICI	C	0.06%
CCI	D	0.06%
IRM	D	0.06%
IFF	D	0.05%
ECL	D	0.05%
BAX	D	0.05%
APD	A	0.05%
TFX	F	0.05%
WST	C	0.05%
EMN	D	0.05%
DD	D	0.05%
ALB	C	0.05%
JKHY	D	0.05%
FIS	C	0.05%
AON	A	0.04%
MMC	B	0.04%
BRO	B	0.04%
EFX	F	0.04%
CBRE	B	0.04%
CSGP	D	0.04%
VRSK	A	0.04%
GPN	B	0.04%
FDS	B	0.04%
MCO	B	0.04%
CBOE	B	0.04%
ICE	C	0.04%
CPAY	A	0.04%
MKTX	D	0.04%
CME	A	0.04%
ROP	B	0.03%
ROK	B	0.03%
NDSN	B	0.03%
TDY	B	0.03%
TRMB	B	0.03%
FTV	C	0.03%
AJG	B	0.03%
WTW	B	0.03%

SSPY Underweight 77 Positions Relative to LRGF

Symbol	Grade	Weight
APP	B	-0.94%
TEAM	A	-0.6%
IBKR	A	-0.46%
DUOL	A	-0.44%
NTNX	A	-0.43%
MELI	D	-0.39%
AYI	B	-0.37%
WSM	B	-0.36%
MANH	D	-0.34%
DOCU	A	-0.33%
CRH	A	-0.32%
CR	A	-0.31%
BRX	A	-0.31%
HRB	D	-0.3%
MLI	C	-0.29%
CNM	D	-0.29%
FERG	B	-0.29%
GTLB	B	-0.28%
PCOR	B	-0.28%
MEDP	D	-0.28%
ANF	C	-0.27%
EME	C	-0.27%
RS	B	-0.27%
JHG	A	-0.26%
WING	D	-0.26%
ALLY	C	-0.25%
RHI	B	-0.24%
WFRD	D	-0.21%
AN	C	-0.21%
QLYS	C	-0.2%
AMG	B	-0.2%
LRCX	F	-0.2%
ESTC	C	-0.18%
CVLT	B	-0.18%
ETSY	D	-0.18%
IOT	A	-0.17%
R	B	-0.17%
DKS	C	-0.17%
HUBS	A	-0.15%
WTS	B	-0.15%
SMAR	A	-0.14%
RMBS	C	-0.14%
FNF	B	-0.13%
NVT	B	-0.13%
VOYA	B	-0.13%
ELF	C	-0.12%
CPNG	D	-0.12%
OLN	D	-0.11%
RRC	B	-0.11%
ZS	C	-0.11%
OKTA	C	-0.11%
MUSA	A	-0.11%
TTEK	F	-0.1%
COKE	C	-0.1%
UNM	A	-0.09%
EXE	B	-0.08%
PVH	C	-0.08%
HOG	D	-0.08%
AGNC	D	-0.07%
LPX	B	-0.07%
CMC	B	-0.07%
LNTH	D	-0.07%
ACI	C	-0.06%
RGA	A	-0.06%
SFM	A	-0.05%
CRUS	D	-0.05%
AR	B	-0.04%
THO	B	-0.04%
XRAY	F	-0.04%
SSD	D	-0.04%
LII	A	-0.03%
MOD	A	-0.03%
AGCO	D	-0.03%
PATH	C	-0.02%
MUR	D	-0.02%
CVNA	B	-0.02%
RPRX	D	-0.01%