SSPY vs. QUS ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to SPDR MSCI USA Quality Mix ETF (QUS)

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

QUS

SPDR MSCI USA Quality Mix ETF

QUS Description

The investment seeks to track the performance of the MSCI USA Quality Mix A-Series Index. The fund invests at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the equity market performance of large-and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility. It is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI USA Value Weighted Index, the MSCI USA Quality Index, and the MSCI USA Minimum Volatility Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$161.92

Average Daily Volume

15,365

Number of Holdings ^*

583

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	QUS
30 Days	4.23%	2.25%
60 Days	1.79%	3.15%
90 Days	3.72%	4.45%
12 Months	23.81%	29.35%

484 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in QUS	Overlap
A	D	0.15%	0.11%	0.11%
AAPL	C	0.5%	3.24%	0.5%
ABBV	D	0.24%	0.49%	0.24%
ABNB	C	0.12%	0.02%	0.02%
ABT	B	0.06%	0.16%	0.06%
ACGL	D	0.14%	0.38%	0.14%
ACN	C	0.13%	1.18%	0.13%
ADBE	C	0.16%	0.71%	0.16%
ADI	D	0.22%	0.14%	0.14%
ADM	D	0.37%	0.08%	0.08%
ADP	B	0.21%	0.54%	0.21%
ADSK	A	0.17%	0.16%	0.16%
AEE	A	0.08%	0.11%	0.08%
AEP	D	0.24%	0.19%	0.19%
AES	F	0.32%	0.01%	0.01%
AFL	B	0.2%	0.22%	0.2%
AIG	B	0.2%	0.12%	0.12%
AIZ	A	0.2%	0.12%	0.12%
AJG	B	0.03%	0.46%	0.03%
AKAM	D	0.27%	0.14%	0.14%
ALB	C	0.05%	0.02%	0.02%
ALGN	D	0.1%	0.01%	0.01%
ALL	A	0.2%	0.06%	0.06%
ALLE	D	0.08%	0.04%	0.04%
AMAT	F	0.18%	0.48%	0.18%
AMCR	D	0.13%	0.02%	0.02%
AMD	F	0.14%	0.06%	0.06%
AME	A	0.13%	0.02%	0.02%
AMGN	D	0.24%	0.27%	0.24%
AMP	A	0.08%	0.04%	0.04%
AMT	D	0.06%	0.04%	0.04%
AMZN	C	0.22%	0.69%	0.22%
ANET	C	0.21%	0.39%	0.21%
ANSS	B	0.17%	0.01%	0.01%
AON	A	0.04%	0.21%	0.04%
AOS	F	0.21%	0.03%	0.03%
APA	D	0.07%	0.05%	0.05%
APD	A	0.05%	0.05%	0.05%
APH	A	0.19%	0.71%	0.19%
APTV	D	0.4%	0.02%	0.02%
ARE	D	0.11%	0.02%	0.02%
ATO	A	0.33%	0.04%	0.04%
AVB	B	0.1%	0.02%	0.02%
AVGO	D	0.23%	0.58%	0.23%
AVY	D	0.06%	0.01%	0.01%
AWK	D	0.32%	0.02%	0.02%
AXON	A	0.09%	0.0%	0.0%
AXP	A	0.04%	0.11%	0.04%
AZO	C	0.14%	0.36%	0.14%
BA	F	0.16%	0.02%	0.02%
BAC	A	0.12%	0.69%	0.12%
BALL	D	0.13%	0.02%	0.02%
BAX	D	0.05%	0.02%	0.02%
BBWI	D	0.19%	0.01%	0.01%
BBY	D	0.17%	0.09%	0.09%
BDX	F	0.05%	0.24%	0.05%
BEN	C	0.09%	0.01%	0.01%
BG	F	0.37%	0.05%	0.05%
BIIB	F	0.24%	0.02%	0.02%
BK	A	0.11%	0.09%	0.09%
BKNG	A	0.11%	0.04%	0.04%
BKR	B	0.35%	0.04%	0.04%
BLDR	D	0.19%	0.08%	0.08%
BLK	C	0.08%	0.46%	0.08%
BMY	B	0.25%	0.34%	0.25%
BR	A	0.11%	0.03%	0.03%
BRK.A	B	0.5%	1.1%	0.5%
BRO	B	0.04%	0.01%	0.01%
BSX	B	0.06%	0.04%	0.04%
BX	A	0.08%	0.05%	0.05%
BXP	D	0.11%	0.01%	0.01%
C	A	0.13%	0.45%	0.13%
CAG	D	0.21%	0.02%	0.02%
CAH	B	0.19%	0.12%	0.12%
CARR	D	0.08%	0.04%	0.04%
CAT	B	0.14%	0.63%	0.14%
CB	C	0.14%	0.65%	0.14%
CBOE	B	0.04%	0.29%	0.04%
CBRE	B	0.04%	0.05%	0.04%
CCI	D	0.06%	0.03%	0.03%
CCL	B	0.09%	0.01%	0.01%
CDNS	B	0.33%	0.29%	0.29%
CDW	F	0.13%	0.19%	0.13%
CE	F	0.07%	0.01%	0.01%
CEG	D	0.38%	0.03%	0.03%
CF	B	0.09%	0.03%	0.03%
CFG	B	0.06%	0.07%	0.06%
CHD	B	0.42%	0.14%	0.14%
CHRW	C	0.09%	0.02%	0.02%
CHTR	C	0.47%	0.09%	0.09%
CI	F	0.19%	0.24%	0.19%
CINF	A	0.14%	0.03%	0.03%
CL	D	0.41%	0.17%	0.17%
CLX	B	0.41%	0.01%	0.01%
CMCSA	B	0.52%	0.42%	0.42%
CME	A	0.04%	0.23%	0.04%
CMG	B	0.5%	0.22%	0.22%
CMI	A	0.08%	0.17%	0.08%
CMS	C	0.08%	0.09%	0.08%
CNC	D	0.26%	0.08%	0.08%
CNP	B	0.26%	0.02%	0.02%
COF	B	0.7%	0.17%	0.17%
COP	C	0.07%	0.17%	0.07%
COR	B	0.18%	0.35%	0.18%
COST	B	0.71%	1.31%	0.71%
CPAY	A	0.04%	0.02%	0.02%
CPB	D	0.2%	0.12%	0.12%
CPRT	A	0.23%	0.14%	0.14%
CPT	B	0.11%	0.01%	0.01%
CRL	C	0.14%	0.01%	0.01%
CRM	B	0.35%	0.12%	0.12%
CRWD	B	0.18%	0.06%	0.06%
CSCO	B	0.21%	1.34%	0.21%
CSGP	D	0.04%	0.01%	0.01%
CSX	B	0.08%	0.05%	0.05%
CTAS	B	0.18%	0.23%	0.18%
CTLT	B	0.25%	0.01%	0.01%
CTRA	B	0.17%	0.03%	0.03%
CTSH	B	0.13%	0.39%	0.13%
CTVA	C	0.08%	0.16%	0.08%
CVS	D	0.69%	0.29%	0.29%
CVX	A	0.76%	0.55%	0.55%
D	C	0.24%	0.14%	0.14%
DAL	C	0.28%	0.01%	0.01%
DAY	B	0.22%	0.0%	0.0%
DD	D	0.05%	0.04%	0.04%
DE	A	0.13%	0.1%	0.1%
DECK	A	0.3%	0.09%	0.09%
DELL	C	0.17%	0.06%	0.06%
DFS	B	0.69%	0.07%	0.07%
DG	F	0.17%	0.02%	0.02%
DGX	A	0.16%	0.06%	0.06%
DHI	D	0.24%	0.19%	0.19%
DHR	F	0.1%	0.09%	0.09%
DIS	B	0.21%	0.17%	0.17%
DLR	B	0.26%	0.04%	0.04%
DLTR	F	0.17%	0.02%	0.02%
DOC	D	0.11%	0.01%	0.01%
DOV	A	0.17%	0.02%	0.02%
DOW	F	0.07%	0.06%	0.06%
DPZ	C	0.52%	0.07%	0.07%
DRI	B	0.51%	0.02%	0.02%
DTE	C	0.25%	0.1%	0.1%
DUK	C	0.07%	0.6%	0.07%
DVA	B	0.11%	0.01%	0.01%
DVN	F	0.16%	0.04%	0.04%
DXCM	D	0.1%	0.0%	0.0%
EA	A	0.49%	0.31%	0.31%
EBAY	D	0.22%	0.02%	0.02%
ECL	D	0.05%	0.02%	0.02%
ED	D	0.24%	0.42%	0.24%
EFX	F	0.04%	0.01%	0.01%
EG	C	0.14%	0.18%	0.14%
EIX	B	0.25%	0.04%	0.04%
EL	F	0.5%	0.01%	0.01%
ELV	F	0.24%	0.29%	0.24%
EMN	D	0.05%	0.02%	0.02%
EMR	A	0.03%	0.05%	0.03%
ENPH	F	0.26%	0.02%	0.02%
EOG	A	0.07%	0.15%	0.07%
EPAM	C	0.13%	0.04%	0.04%
EQIX	A	0.27%	0.02%	0.02%
EQR	B	0.1%	0.02%	0.02%
EQT	B	0.18%	0.03%	0.03%
ERIE	D	0.2%	0.17%	0.17%
ES	D	0.07%	0.03%	0.03%
ESS	B	0.1%	0.01%	0.01%
ETN	A	0.26%	0.05%	0.05%
ETR	B	0.25%	0.05%	0.05%
EVRG	A	0.08%	0.02%	0.02%
EW	C	0.06%	0.12%	0.06%
EXC	C	0.3%	0.06%	0.06%
EXPD	D	0.09%	0.06%	0.06%
EXPE	B	0.12%	0.02%	0.02%
EXR	D	0.11%	0.02%	0.02%
F	C	0.25%	0.16%	0.16%
FANG	D	0.07%	0.22%	0.07%
FAST	B	0.13%	0.15%	0.13%
FCX	D	0.3%	0.04%	0.04%
FDS	B	0.04%	0.05%	0.04%
FDX	B	0.07%	0.12%	0.07%
FE	C	0.24%	0.02%	0.02%
FFIV	B	0.21%	0.23%	0.21%
FI	A	0.06%	0.31%	0.06%
FICO	B	0.05%	0.2%	0.05%
FIS	C	0.05%	0.03%	0.03%
FITB	A	0.06%	0.06%	0.06%
FOX	A	0.1%	0.01%	0.01%
FOXA	B	0.1%	0.02%	0.02%
FSLR	F	0.2%	0.03%	0.03%
FTNT	C	0.17%	0.01%	0.01%
FTV	C	0.03%	0.02%	0.02%
GD	F	0.16%	0.07%	0.07%
GDDY	A	0.27%	0.34%	0.27%
GE	D	0.17%	0.11%	0.11%
GEHC	F	0.1%	0.03%	0.03%
GEN	B	0.17%	0.13%	0.13%
GEV	B	0.18%	0.05%	0.05%
GILD	C	0.25%	0.43%	0.25%
GIS	D	0.21%	0.25%	0.21%
GLW	B	0.19%	0.14%	0.14%
GM	B	0.25%	0.32%	0.25%
GOOG	C	0.23%	1.12%	0.23%
GOOGL	C	0.23%	1.2%	0.23%
GPC	D	0.15%	0.02%	0.02%
GPN	B	0.04%	0.04%	0.04%
GRMN	B	0.33%	0.2%	0.2%
GS	A	0.25%	0.3%	0.25%
GWW	B	0.12%	0.2%	0.12%
HAL	C	0.34%	0.03%	0.03%
HBAN	A	0.06%	0.06%	0.06%
HCA	F	0.33%	0.06%	0.06%
HD	A	0.26%	0.35%	0.26%
HES	B	0.07%	0.02%	0.02%
HIG	B	0.14%	0.09%	0.09%
HII	D	0.08%	0.01%	0.01%
HLT	A	0.12%	0.01%	0.01%
HOLX	D	0.1%	0.07%	0.07%
HON	B	0.17%	0.53%	0.17%
HPE	B	0.19%	0.06%	0.06%
HPQ	B	0.35%	0.07%	0.07%
HRL	D	0.36%	0.08%	0.08%
HSIC	B	0.2%	0.01%	0.01%
HST	C	0.11%	0.01%	0.01%
HSY	F	0.18%	0.18%	0.18%
HUBB	B	0.26%	0.07%	0.07%
HUM	C	0.26%	0.2%	0.2%
HWM	A	0.08%	0.01%	0.01%
IBM	C	0.34%	0.67%	0.34%
ICE	C	0.04%	0.14%	0.04%
IDXX	F	0.1%	0.12%	0.1%
IEX	B	0.2%	0.05%	0.05%
IFF	D	0.05%	0.02%	0.02%
INCY	C	0.25%	0.2%	0.2%
INTC	D	0.16%	0.18%	0.16%
INTU	C	0.2%	0.04%	0.04%
INVH	D	0.1%	0.01%	0.01%
IP	B	0.06%	0.04%	0.04%
IPG	D	0.34%	0.01%	0.01%
IQV	D	0.14%	0.02%	0.02%
IR	B	0.2%	0.02%	0.02%
IRM	D	0.06%	0.01%	0.01%
ISRG	A	0.12%	0.04%	0.04%
IT	C	0.13%	0.13%	0.13%
ITW	B	0.17%	0.27%	0.17%
J	F	0.4%	0.02%	0.02%
JBHT	C	0.08%	0.05%	0.05%
JBL	B	0.38%	0.03%	0.03%
JCI	C	0.08%	0.05%	0.05%
JKHY	D	0.05%	0.04%	0.04%
JNJ	D	0.24%	1.64%	0.24%
JNPR	F	0.2%	0.17%	0.17%
JPM	A	0.13%	1.06%	0.13%
K	A	0.18%	0.29%	0.18%
KDP	D	0.24%	0.23%	0.23%
KEY	B	0.06%	0.04%	0.04%
KEYS	A	0.21%	0.26%	0.21%
KHC	F	0.21%	0.18%	0.18%
KIM	A	0.06%	0.02%	0.02%
KKR	A	0.09%	0.04%	0.04%
KLAC	D	0.17%	0.29%	0.17%
KMB	D	0.42%	0.1%	0.1%
KMI	A	0.25%	0.07%	0.07%
KMX	B	0.14%	0.03%	0.03%
KO	D	0.25%	0.81%	0.25%
KR	B	0.74%	0.31%	0.31%
KVUE	A	0.42%	0.04%	0.04%
L	A	0.49%	0.12%	0.12%
LDOS	C	0.13%	0.02%	0.02%
LEN	D	0.25%	0.06%	0.06%
LH	C	0.16%	0.03%	0.03%
LHX	C	0.08%	0.04%	0.04%
LIN	D	0.04%	0.15%	0.04%
LKQ	D	0.14%	0.02%	0.02%
LLY	F	0.23%	1.92%	0.23%
LMT	D	0.09%	0.72%	0.09%
LNT	A	0.08%	0.05%	0.05%
LOW	D	0.26%	0.13%	0.13%
LULU	C	0.31%	0.12%	0.12%
LUV	C	0.25%	0.01%	0.01%
LVS	C	0.08%	0.01%	0.01%
LW	C	0.22%	0.03%	0.03%
LYB	F	0.07%	0.04%	0.04%
LYV	A	0.09%	0.01%	0.01%
MA	C	0.04%	1.69%	0.04%
MAA	B	0.1%	0.01%	0.01%
MAR	B	0.12%	0.02%	0.02%
MAS	D	0.19%	0.01%	0.01%
MCD	D	0.5%	0.5%	0.5%
MCHP	D	0.14%	0.1%	0.1%
MCK	B	0.18%	0.61%	0.18%
MCO	B	0.04%	0.21%	0.04%
MDLZ	F	0.18%	0.22%	0.18%
MDT	D	0.06%	0.15%	0.06%
MET	A	0.21%	0.09%	0.09%
META	D	0.47%	2.32%	0.47%
MGM	D	0.07%	0.01%	0.01%
MKC	D	0.21%	0.01%	0.01%
MKTX	D	0.04%	0.03%	0.03%
MLM	B	0.17%	0.02%	0.02%
MMC	B	0.04%	0.69%	0.04%
MMM	D	0.17%	0.28%	0.17%
MNST	C	0.25%	0.12%	0.12%
MO	A	0.35%	0.07%	0.07%
MOH	F	0.25%	0.13%	0.13%
MOS	F	0.08%	0.03%	0.03%
MPC	D	0.49%	0.32%	0.32%
MPWR	F	0.22%	0.07%	0.07%
MRK	F	0.24%	0.46%	0.24%
MRNA	F	0.24%	0.01%	0.01%
MRO	B	0.07%	0.04%	0.04%
MS	A	0.26%	0.21%	0.21%
MSCI	C	0.04%	0.01%	0.01%
MSFT	F	0.32%	2.7%	0.32%
MSI	B	0.49%	0.63%	0.49%
MTB	A	0.06%	0.08%	0.06%
MTCH	D	0.47%	0.01%	0.01%
MTD	D	0.15%	0.01%	0.01%
MU	D	0.15%	0.07%	0.07%
NDAQ	A	0.04%	0.02%	0.02%
NDSN	B	0.03%	0.01%	0.01%
NEE	D	0.24%	0.1%	0.1%
NEM	D	0.25%	0.18%	0.18%
NFLX	A	0.22%	0.14%	0.14%
NI	A	0.33%	0.02%	0.02%
NKE	D	0.33%	0.28%	0.28%
NOC	D	0.09%	0.55%	0.09%
NOW	A	0.22%	0.27%	0.22%
NRG	B	0.33%	0.03%	0.03%
NSC	B	0.08%	0.05%	0.05%
NTAP	C	0.17%	0.16%	0.16%
NTRS	A	0.08%	0.03%	0.03%
NUE	C	0.26%	0.07%	0.07%
NVDA	C	0.13%	2.76%	0.13%
NVR	D	0.26%	0.11%	0.11%
NWSA	B	0.1%	0.01%	0.01%
NXPI	D	0.23%	0.03%	0.03%
O	D	0.07%	0.04%	0.04%
ODFL	B	0.08%	0.13%	0.08%
OKE	A	0.24%	0.05%	0.05%
OMC	C	0.34%	0.07%	0.07%
ON	D	0.23%	0.02%	0.02%
ORCL	B	0.34%	0.53%	0.34%
ORLY	B	0.14%	0.26%	0.14%
OTIS	C	0.08%	0.04%	0.04%
OXY	D	0.07%	0.1%	0.07%
PANW	C	0.16%	0.32%	0.16%
PARA	C	0.2%	0.03%	0.03%
PAYC	B	0.22%	0.03%	0.03%
PAYX	C	0.21%	0.16%	0.16%
PCAR	B	0.13%	0.06%	0.06%
PCG	A	0.08%	0.06%	0.06%
PEG	A	0.26%	0.04%	0.04%
PEP	F	0.18%	1.01%	0.18%
PFE	D	0.24%	0.33%	0.24%
PFG	D	0.21%	0.03%	0.03%
PG	A	0.42%	0.59%	0.42%
PGR	A	0.19%	0.65%	0.19%
PH	A	0.08%	0.04%	0.04%
PHM	D	0.25%	0.11%	0.11%
PKG	A	0.06%	0.09%	0.06%
PLD	D	0.06%	0.08%	0.06%
PLTR	B	0.23%	0.01%	0.01%
PM	B	0.35%	0.11%	0.11%
PNC	B	0.06%	0.17%	0.06%
PNR	A	0.19%	0.01%	0.01%
PODD	C	0.1%	0.0%	0.0%
POOL	C	0.13%	0.04%	0.04%
PPG	F	0.07%	0.02%	0.02%
PPL	B	0.08%	0.03%	0.03%
PRU	A	0.2%	0.08%	0.08%
PSA	D	0.11%	0.14%	0.11%
PSX	C	0.51%	0.14%	0.14%
PTC	A	0.17%	0.18%	0.17%
PWR	A	0.4%	0.02%	0.02%
PYPL	B	0.06%	0.08%	0.06%
QCOM	F	0.22%	0.55%	0.22%
QRVO	F	0.21%	0.01%	0.01%
RCL	A	0.09%	0.01%	0.01%
REG	B	0.06%	0.01%	0.01%
REGN	F	0.22%	0.25%	0.22%
RF	A	0.06%	0.06%	0.06%
RJF	A	0.25%	0.03%	0.03%
RMD	C	0.09%	0.09%	0.09%
ROK	B	0.03%	0.1%	0.03%
ROL	B	0.18%	0.17%	0.17%
ROP	B	0.03%	0.46%	0.03%
ROST	C	0.72%	0.03%	0.03%
RSG	A	0.18%	0.54%	0.18%
RTX	C	0.08%	0.18%	0.08%
RVTY	F	0.1%	0.01%	0.01%
SBAC	D	0.06%	0.01%	0.01%
SBUX	A	0.48%	0.06%	0.06%
SCHW	B	0.25%	0.07%	0.07%
SHW	A	0.06%	0.26%	0.06%
SJM	D	0.21%	0.02%	0.02%
SLB	C	0.35%	0.05%	0.05%
SMCI	F	0.15%	0.03%	0.03%
SNA	A	0.25%	0.06%	0.06%
SNPS	B	0.34%	0.28%	0.28%
SO	D	0.08%	0.54%	0.08%
SOLV	C	0.05%	0.06%	0.05%
SPG	B	0.07%	0.03%	0.03%
SPGI	C	0.04%	0.07%	0.04%
SRE	A	0.08%	0.06%	0.06%
STE	F	0.12%	0.01%	0.01%
STLD	B	0.27%	0.04%	0.04%
STT	A	0.12%	0.06%	0.06%
STX	D	0.17%	0.07%	0.07%
STZ	D	0.25%	0.02%	0.02%
SW	A	0.07%	0.03%	0.03%
SWK	D	0.27%	0.02%	0.02%
SWKS	F	0.21%	0.05%	0.05%
SYF	B	0.69%	0.06%	0.06%
SYK	C	0.12%	0.05%	0.05%
SYY	B	0.75%	0.05%	0.05%
T	A	0.33%	0.69%	0.33%
TAP	C	0.25%	0.02%	0.02%
TDG	D	0.08%	0.01%	0.01%
TDY	B	0.03%	0.21%	0.03%
TECH	D	0.15%	0.0%	0.0%
TER	D	0.17%	0.04%	0.04%
TFC	A	0.06%	0.16%	0.06%
TFX	F	0.05%	0.01%	0.01%
TGT	F	0.17%	0.1%	0.1%
TJX	A	0.72%	0.56%	0.56%
TMO	F	0.14%	0.1%	0.1%
TMUS	B	0.33%	0.78%	0.33%
TRGP	B	0.24%	0.03%	0.03%
TRMB	B	0.03%	0.01%	0.01%
TROW	B	0.09%	0.09%	0.09%
TRV	B	0.14%	0.47%	0.14%
TSCO	D	0.12%	0.09%	0.09%
TSLA	B	0.28%	0.28%	0.28%
TSN	B	0.36%	0.3%	0.3%
TT	A	0.07%	0.26%	0.07%
TTWO	A	0.49%	0.01%	0.01%
TXN	C	0.23%	1.06%	0.23%
TXT	D	0.16%	0.02%	0.02%
TYL	B	0.22%	0.01%	0.01%
UBER	D	0.11%	0.18%	0.11%
UDR	B	0.1%	0.01%	0.01%
UHS	D	0.32%	0.02%	0.02%
ULTA	F	0.17%	0.08%	0.08%
UNH	C	0.26%	2.21%	0.26%
UNP	C	0.08%	0.08%	0.08%
UPS	C	0.09%	0.11%	0.09%
URI	B	0.14%	0.04%	0.04%
USB	A	0.06%	0.16%	0.06%
V	A	0.04%	1.91%	0.04%
VICI	C	0.06%	0.04%	0.04%
VLO	C	0.5%	0.15%	0.15%
VLTO	D	0.03%	0.08%	0.03%
VMC	B	0.17%	0.02%	0.02%
VRSK	A	0.04%	0.15%	0.04%
VRSN	F	0.27%	0.22%	0.22%
VRTX	F	0.23%	0.57%	0.23%
VST	B	0.41%	0.02%	0.02%
VTR	C	0.11%	0.02%	0.02%
VTRS	A	0.24%	0.05%	0.05%
VZ	C	0.33%	0.81%	0.33%
WAB	B	0.13%	0.02%	0.02%
WAT	B	0.15%	0.07%	0.07%
WBA	F	0.64%	0.06%	0.06%
WBD	C	0.19%	0.11%	0.11%
WDC	D	0.17%	0.02%	0.02%
WEC	A	0.07%	0.29%	0.07%
WELL	A	0.11%	0.04%	0.04%
WFC	A	0.13%	0.5%	0.13%
WM	A	0.18%	0.52%	0.18%
WMB	A	0.25%	0.15%	0.15%
WMT	A	0.73%	0.94%	0.73%
WRB	A	0.14%	0.12%	0.12%
WST	C	0.05%	0.06%	0.05%
WTW	B	0.03%	0.16%	0.03%
WY	D	0.17%	0.03%	0.03%
WYNN	D	0.08%	0.0%	0.0%
XEL	A	0.08%	0.2%	0.08%
XOM	B	0.77%	0.81%	0.77%
XYL	D	0.19%	0.01%	0.01%
YUM	B	0.51%	0.19%	0.19%
ZBH	C	0.12%	0.02%	0.02%
ZBRA	B	0.13%	0.01%	0.01%
ZTS	D	0.25%	0.25%	0.25%

SSPY Overweight 16 Positions Relative to QUS

Symbol	Grade	Weight
BWA	D	0.42%
TPR	B	0.33%
RL	B	0.32%
UAL	A	0.28%
HAS	D	0.26%
GL	B	0.2%
MHK	D	0.19%
TEL	B	0.19%
NWS	B	0.1%
FMC	D	0.09%
NCLH	B	0.09%
IVZ	B	0.09%
GNRC	B	0.08%
CZR	F	0.07%
PNW	B	0.07%
FRT	B	0.06%

SSPY Underweight 99 Positions Relative to QUS

Symbol	Grade	Weight
WCN	A	-0.53%
FCNCA	A	-0.34%
LRCX	F	-0.3%
BAH	F	-0.2%
MKL	A	-0.15%
AFG	A	-0.15%
WDAY	B	-0.15%
NBIX	C	-0.11%
UTHR	C	-0.1%
TPL	A	-0.09%
EME	C	-0.08%
BMRN	D	-0.08%
HUBS	A	-0.08%
VEEV	C	-0.08%
MANH	D	-0.07%
TW	A	-0.07%
MELI	D	-0.07%
ALNY	D	-0.07%
LPLA	A	-0.07%
WSO	A	-0.06%
WSM	B	-0.06%
GGG	B	-0.05%
LNG	B	-0.05%
KNX	B	-0.04%
CNH	C	-0.03%
ALLY	C	-0.03%
RS	B	-0.03%
TTC	D	-0.03%
ACI	C	-0.03%
APO	B	-0.03%
SQ	B	-0.03%
SEIC	B	-0.03%
OVV	B	-0.03%
APP	B	-0.02%
SSNC	B	-0.02%
CCK	C	-0.02%
EQH	B	-0.02%
MRVL	B	-0.02%
OC	A	-0.02%
FNF	B	-0.02%
CRBG	B	-0.02%
DINO	D	-0.02%
TTD	B	-0.01%
HOOD	B	-0.01%
ENTG	D	-0.01%
RIVN	F	-0.01%
BIO	D	-0.01%
Z	A	-0.01%
LII	A	-0.01%
VRT	B	-0.01%
ILMN	D	-0.01%
ARES	A	-0.01%
UHAL	D	-0.01%
AMH	D	-0.01%
WLK	D	-0.01%
RPRX	D	-0.01%
DASH	A	-0.01%
GLPI	C	-0.01%
WTRG	B	-0.01%
FBIN	D	-0.01%
TRU	D	-0.01%
CSL	C	-0.01%
AVTR	F	-0.01%
RPM	A	-0.01%
SUI	D	-0.01%
WPC	D	-0.01%
TWLO	A	-0.01%
BURL	A	-0.01%
ACM	A	-0.01%
COIN	C	-0.01%
CHRD	D	-0.01%
DKS	C	-0.01%
CG	A	-0.01%
ZM	B	-0.01%
CELH	F	-0.0%
IOT	A	-0.0%
ZS	C	-0.0%
TEAM	A	-0.0%
NET	B	-0.0%
RBLX	C	-0.0%
MDB	C	-0.0%
TOST	B	-0.0%
DKNG	B	-0.0%
BSY	D	-0.0%
PSTG	D	-0.0%
DDOG	A	-0.0%
SNAP	C	-0.0%
H	B	-0.0%
DT	C	-0.0%
DOCU	A	-0.0%
EXAS	D	-0.0%
HEI	B	-0.0%
ROKU	D	-0.0%
SNOW	C	-0.0%
PINS	D	-0.0%
MSTR	C	-0.0%
ELS	C	-0.0%
HEI	B	-0.0%
OKTA	C	-0.0%