SSPY vs. MDIV ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV)

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

$79.63

Average Daily Volume

2,750

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

MDIV

First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$16.68

Average Daily Volume

77,477

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	MDIV
30 Days	1.36%	2.90%
60 Days	3.29%	3.44%
90 Days	5.51%	7.53%
12 Months	22.36%	20.30%

41 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in MDIV	Overlap
ABBV	C	0.28%	0.38%	0.28%
AEP	C	0.29%	0.39%	0.29%
BBY	C	0.18%	0.49%	0.18%
BMY	C	0.3%	0.53%	0.3%
CAG	C	0.24%	0.41%	0.24%
CVS	F	0.63%	0.3%	0.3%
CVX	D	0.68%	0.28%	0.28%
DUK	B	0.09%	0.39%	0.09%
EIX	C	0.29%	0.39%	0.29%
ES	C	0.09%	0.44%	0.09%
ETR	A	0.29%	0.39%	0.29%
EVRG	B	0.09%	0.45%	0.09%
EXC	B	0.33%	0.35%	0.33%
EXR	B	0.12%	0.53%	0.12%
FANG	D	0.07%	0.33%	0.07%
FE	C	0.28%	0.39%	0.28%
GILD	B	0.31%	0.5%	0.31%
HPQ	D	0.31%	0.29%	0.29%
IBM	A	0.42%	0.43%	0.42%
K	A	0.26%	0.44%	0.26%
KHC	C	0.23%	0.35%	0.23%
LNT	B	0.09%	0.36%	0.09%
LYB	F	0.07%	0.4%	0.07%
MAA	C	0.13%	0.65%	0.13%
MO	D	0.43%	0.85%	0.43%
MS	C	0.26%	0.31%	0.26%
NI	B	0.4%	0.36%	0.36%
PNW	B	0.09%	0.45%	0.09%
PRU	C	0.2%	0.37%	0.2%
PSA	B	0.14%	0.73%	0.14%
REG	C	0.08%	0.65%	0.08%
SO	A	0.09%	0.36%	0.09%
SPG	A	0.07%	0.7%	0.07%
STT	B	0.13%	0.34%	0.13%
T	C	0.41%	0.65%	0.41%
TROW	D	0.07%	0.33%	0.07%
VICI	C	0.08%	0.8%	0.08%
VTRS	D	0.28%	0.39%	0.28%
VZ	B	0.37%	0.6%	0.37%
WEC	B	0.09%	0.38%	0.09%
XEL	B	0.09%	0.38%	0.09%

SSPY Overweight 455 Positions Relative to MDIV

Symbol	Grade	Weight
WMT	C	0.88%
KR	C	0.82%
TJX	C	0.81%
SYY	D	0.8%
ROST	C	0.77%
COST	B	0.77%
XOM	D	0.76%
SYF	C	0.74%
DFS	B	0.71%
COF	A	0.68%
CHTR	D	0.61%
SBUX	C	0.59%
MSI	B	0.58%
MCD	B	0.57%
KVUE	C	0.54%
BRK.A	C	0.54%
CLX	C	0.52%
L	D	0.52%
EA	D	0.52%
DRI	B	0.52%
CMCSA	D	0.51%
AAPL	C	0.5%
YUM	F	0.48%
MTCH	C	0.48%
CL	C	0.47%
TTWO	D	0.47%
META	A	0.46%
MPC	F	0.46%
PM	C	0.45%
PSX	D	0.45%
CMG	C	0.44%
PG	C	0.44%
KMB	D	0.43%
VLO	F	0.43%
TSN	D	0.42%
UHS	B	0.41%
CHD	C	0.41%
ORCL	B	0.4%
TYL	C	0.4%
NOW	A	0.4%
ATO	B	0.39%
HCA	A	0.39%
HRL	D	0.39%
WBA	F	0.38%
TMUS	C	0.38%
J	C	0.38%
DPZ	D	0.38%
ADM	D	0.37%
OMC	B	0.37%
AWK	C	0.37%
BKR	D	0.36%
APTV	D	0.36%
CRM	D	0.36%
PWR	B	0.36%
BWA	D	0.36%
BG	D	0.35%
GRMN	D	0.35%
IPG	C	0.34%
DHI	C	0.33%
MSFT	C	0.32%
NEM	B	0.32%
SLB	F	0.31%
PGR	A	0.31%
TRGP	B	0.31%
TSLA	C	0.31%
UNH	C	0.31%
EL	F	0.31%
NVR	B	0.3%
ALL	B	0.3%
RL	B	0.3%
EQIX	B	0.3%
VST	A	0.3%
PHM	B	0.3%
SWK	B	0.3%
NRG	A	0.3%
TPR	C	0.3%
MOH	D	0.3%
AES	C	0.29%
JBL	D	0.29%
CNC	C	0.29%
AKAM	D	0.29%
OKE	B	0.29%
LEN	C	0.29%
AMGN	B	0.28%
HAS	B	0.28%
ZTS	C	0.28%
DLR	B	0.28%
LOW	A	0.28%
JNJ	C	0.28%
KO	B	0.28%
HAL	F	0.28%
ED	C	0.28%
NEE	C	0.28%
CDNS	D	0.28%
D	B	0.28%
GDDY	C	0.28%
AIZ	B	0.28%
PEG	B	0.28%
GL	C	0.27%
PFE	D	0.27%
HUBB	A	0.27%
GS	C	0.27%
KMI	A	0.27%
KDP	B	0.27%
REGN	C	0.27%
HD	A	0.27%
WMB	B	0.27%
ELV	C	0.27%
DECK	D	0.27%
CEG	A	0.27%
TAP	D	0.27%
DTE	B	0.27%
SNPS	D	0.27%
DAY	D	0.26%
PAYC	D	0.26%
MNST	D	0.26%
LLY	C	0.26%
SNA	C	0.26%
INCY	C	0.26%
MKC	C	0.26%
VRSN	D	0.26%
CTLT	B	0.26%
AFL	C	0.25%
FFIV	B	0.25%
NKE	D	0.25%
VRTX	D	0.25%
ADP	B	0.25%
RJF	C	0.25%
MHK	C	0.25%
LULU	D	0.25%
INTU	C	0.24%
MPWR	C	0.24%
GIS	B	0.24%
PAYX	C	0.24%
AIG	D	0.24%
STZ	D	0.24%
GM	B	0.24%
CPB	B	0.24%
SJM	C	0.23%
BLDR	C	0.23%
HUM	F	0.23%
WBD	D	0.23%
ETN	C	0.23%
CTAS	C	0.22%
MMM	A	0.22%
FCX	D	0.22%
CSCO	B	0.22%
ENPH	D	0.22%
GEV	B	0.22%
PNR	B	0.22%
CAH	C	0.22%
MET	A	0.22%
TXN	C	0.22%
MRK	D	0.22%
CNP	D	0.22%
NFLX	B	0.22%
STLD	D	0.22%
F	F	0.22%
NUE	F	0.22%
HSIC	D	0.21%
PFG	B	0.21%
AVGO	C	0.21%
MDLZ	C	0.21%
ADI	C	0.21%
BIIB	F	0.21%
GLW	B	0.21%
SCHW	D	0.21%
ON	F	0.21%
JNPR	A	0.21%
CI	C	0.21%
ANET	A	0.21%
KEYS	C	0.21%
MAS	B	0.21%
HSY	D	0.2%
PEP	D	0.2%
PARA	F	0.2%
RSG	D	0.2%
SWKS	F	0.2%
CPRT	D	0.2%
FTNT	B	0.2%
IEX	D	0.19%
WM	D	0.19%
GE	A	0.19%
UAL	C	0.19%
STX	C	0.19%
ROL	C	0.19%
ADSK	C	0.19%
QRVO	F	0.19%
GOOG	D	0.19%
GOOGL	D	0.19%
ITW	C	0.18%
AAL	D	0.18%
TGT	C	0.18%
XYL	D	0.18%
PANW	C	0.18%
EBAY	B	0.18%
DIS	D	0.18%
TEL	D	0.18%
AOS	D	0.18%
IR	C	0.18%
NTAP	D	0.18%
WY	C	0.18%
DGX	C	0.18%
LUV	C	0.18%
NXPI	D	0.18%
KMX	D	0.17%
ORLY	D	0.17%
QCOM	F	0.17%
TXT	D	0.17%
APH	D	0.17%
CINF	C	0.17%
DAL	C	0.17%
DOV	B	0.17%
GD	B	0.17%
MCK	F	0.17%
HPE	D	0.16%
LW	D	0.16%
IQV	D	0.16%
WRB	C	0.16%
FSLR	C	0.16%
CTSH	C	0.16%
CB	B	0.16%
WDC	D	0.16%
HON	D	0.16%
ANSS	D	0.16%
ACN	C	0.16%
PTC	D	0.16%
ACGL	B	0.16%
HIG	B	0.16%
TRV	C	0.16%
ULTA	D	0.16%
ADBE	F	0.16%
GPC	D	0.15%
LKQ	F	0.15%
EG	C	0.15%
A	C	0.15%
AZO	D	0.15%
MLM	D	0.15%
TMO	C	0.15%
EPAM	F	0.15%
IT	A	0.15%
VMC	D	0.15%
WAT	C	0.15%
FAST	C	0.14%
CRL	F	0.14%
AMCR	C	0.14%
STE	C	0.14%
GWW	A	0.14%
TECH	D	0.14%
ZBRA	B	0.14%
EQT	D	0.14%
CTRA	D	0.14%
LDOS	B	0.14%
VTR	C	0.14%
DVN	F	0.14%
KLAC	D	0.14%
URI	B	0.14%
ISRG	C	0.14%
BA	F	0.14%
TER	D	0.14%
BXP	B	0.14%
AMZN	C	0.14%
AVB	C	0.13%
UDR	C	0.13%
EQR	C	0.13%
POOL	D	0.13%
DVA	B	0.13%
AMAT	F	0.13%
DE	B	0.13%
MTD	D	0.13%
SYK	C	0.13%
JPM	D	0.13%
WAB	A	0.13%
CAT	B	0.13%
BK	A	0.13%
ETSY	F	0.13%
WELL	C	0.13%
ARE	C	0.12%
FOX	B	0.12%
BR	D	0.12%
FOXA	B	0.12%
RMD	C	0.12%
EXPE	C	0.12%
C	D	0.12%
MRNA	F	0.12%
BAC	D	0.12%
CDW	D	0.12%
LRCX	F	0.12%
AME	C	0.12%
ZBH	F	0.12%
ESS	C	0.12%
DOC	C	0.12%
BALL	C	0.12%
TSCO	C	0.12%
AMD	D	0.12%
CPT	B	0.12%
BKNG	B	0.12%
MAR	C	0.11%
HST	C	0.11%
AXON	A	0.11%
BBWI	F	0.11%
PCAR	D	0.11%
MCHP	F	0.11%
DLTR	F	0.11%
UBER	C	0.11%
DG	F	0.11%
INVH	C	0.11%
HLT	B	0.11%
CRWD	D	0.11%
WFC	D	0.11%
PODD	B	0.11%
NVDA	D	0.11%
ALGN	D	0.1%
FDX	F	0.1%
NWS	D	0.1%
NCLH	C	0.1%
CHRW	A	0.1%
NOC	A	0.1%
LMT	B	0.1%
BX	B	0.1%
SMCI	F	0.1%
IDXX	D	0.09%
CSX	D	0.09%
LHX	C	0.09%
JBHT	D	0.09%
ABNB	D	0.09%
AMP	B	0.09%
IRM	B	0.09%
PPL	B	0.09%
DHR	C	0.09%
CARR	B	0.09%
CF	C	0.09%
HWM	B	0.09%
PH	A	0.09%
CMS	B	0.09%
NTRS	B	0.09%
CTVA	B	0.09%
INTC	F	0.09%
ALLE	C	0.09%
ODFL	D	0.09%
HII	D	0.09%
IVZ	B	0.09%
AEE	A	0.09%
UNP	C	0.09%
BLK	B	0.09%
NSC	C	0.09%
GEHC	C	0.09%
LYV	B	0.09%
RCL	A	0.09%
RTX	C	0.09%
NWSA	D	0.09%
HOLX	C	0.09%
KKR	A	0.09%
FMC	C	0.09%
CCL	C	0.09%
BIO	C	0.09%
PLD	C	0.08%
FRT	C	0.08%
MOS	F	0.08%
JCI	B	0.08%
GNRC	D	0.08%
O	C	0.08%
UPS	F	0.08%
CCI	C	0.08%
AMT	C	0.08%
EXPD	C	0.08%
MU	F	0.08%
SBAC	C	0.08%
PCG	C	0.08%
SRE	B	0.08%
CMI	C	0.08%
KIM	C	0.08%
TT	A	0.08%
SHW	B	0.08%
FITB	B	0.07%
KEY	B	0.07%
MTB	A	0.07%
BSX	B	0.07%
COP	D	0.07%
IP	C	0.07%
MRO	C	0.07%
MDT	C	0.07%
ABT	C	0.07%
EOG	D	0.07%
CZR	C	0.07%
OTIS	C	0.07%
PKG	B	0.07%
TDG	B	0.07%
BEN	F	0.07%
MKTX	C	0.06%
SW	C	0.06%
FICO	B	0.06%
TFX	C	0.06%
WYNN	D	0.06%
CE	F	0.06%
BAX	C	0.06%
AVY	D	0.06%
DXCM	F	0.06%
MGM	D	0.06%
OXY	F	0.06%
FIS	B	0.06%
JKHY	C	0.06%
DOW	D	0.06%
LVS	D	0.06%
APA	F	0.06%
HES	D	0.06%
USB	B	0.06%
SOLV	C	0.06%
PYPL	B	0.06%
HBAN	B	0.06%
PNC	A	0.06%
TFC	D	0.06%
CFG	C	0.06%
RF	B	0.06%
PPG	D	0.06%
V	C	0.05%
MSCI	C	0.05%
MCO	A	0.05%
DD	B	0.05%
ECL	A	0.05%
BDX	F	0.05%
EW	F	0.05%
SPGI	A	0.05%
CBRE	A	0.05%
CME	C	0.05%
EMN	B	0.05%
MA	C	0.05%
APD	B	0.05%
AXP	B	0.05%
IFF	C	0.05%
GPN	D	0.05%
EFX	C	0.05%
ICE	C	0.05%
LIN	B	0.05%
CPAY	C	0.05%
CBOE	C	0.05%
NDAQ	A	0.05%
TDY	C	0.04%
ALB	F	0.04%
MMC	C	0.04%
VRSK	D	0.04%
WTW	C	0.04%
BRO	C	0.04%
AJG	D	0.04%
CSGP	D	0.04%
AON	B	0.04%
WST	D	0.04%
FDS	C	0.04%
EMR	D	0.03%
FTV	C	0.03%
ROP	C	0.03%
ROK	F	0.03%
TRMB	C	0.03%
VLTO	B	0.03%
NDSN	C	0.03%

SSPY Underweight 61 Positions Relative to MDIV

Symbol	Grade	Weight
HYLS	A	-19.81%
PMT	C	-1.41%
RC	F	-1.41%
DKL	C	-1.36%
ARLP	C	-1.25%
EPR	B	-1.14%
KRP	C	-1.12%
BSM	D	-1.1%
LADR	C	-1.1%
AGNCN	B	-1.04%
CAPL	C	-1.0%
IIPR	B	-0.99%
CQP	F	-0.98%
DMLP	D	-0.97%
IEP	F	-0.96%
USAC	D	-0.96%
GLPI	C	-0.95%
MPLX	B	-0.9%
LTC	D	-0.9%
GTY	C	-0.9%
AAT	B	-0.9%
NHI	C	-0.87%
ET	B	-0.86%
FCPT	C	-0.85%
WES	D	-0.84%
APLE	C	-0.8%
EPD	B	-0.79%
NNN	C	-0.77%
SUN	F	-0.76%
ALEX	B	-0.75%
CUBE	B	-0.75%
PAA	C	-0.73%
CHSCO	A	-0.72%
CHSCL	A	-0.71%
FITBI	A	-0.71%
NRP	B	-0.71%
PAGP	C	-0.7%
BRX	B	-0.7%
RZC	A	-0.67%
CTRE	C	-0.66%
CHSCN	A	-0.66%
GLP	C	-0.65%
CHSCM	A	-0.65%
GEL	D	-0.62%
UVV	D	-0.56%
WU	F	-0.54%
ENLC	B	-0.52%
NWE	B	-0.46%
AVA	C	-0.44%
SR	C	-0.43%
DTM	A	-0.43%
BKH	B	-0.41%
FAF	C	-0.39%
POR	C	-0.39%
OGS	B	-0.39%
PNM	B	-0.37%
FNF	B	-0.37%
NJR	B	-0.34%
CHRD	F	-0.34%
NFG	B	-0.32%
NMM	B	-0.06%