SSPY vs. QWLD ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to SPDR MSCI World Quality Mix ETF (QWLD)

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

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$128.25

Average Daily Volume

4,874

Number of Holdings ^*

605

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	QWLD
30 Days	3.30%	1.92%
60 Days	5.09%	4.80%
90 Days	6.57%	6.62%
12 Months	21.73%	25.18%

479 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in QWLD	Overlap
A	C	0.15%	0.07%	0.07%
AAPL	C	0.52%	2.56%	0.52%
ABBV	C	0.29%	0.41%	0.29%
ABBV	C	0.29%	0.15%	0.15%
ABNB	D	0.09%	0.01%	0.01%
ABT	C	0.07%	0.09%	0.07%
ACGL	C	0.16%	0.28%	0.16%
ACN	C	0.16%	0.65%	0.16%
ADBE	F	0.18%	0.49%	0.18%
ADI	C	0.21%	0.04%	0.04%
ADM	D	0.37%	0.05%	0.05%
ADP	B	0.25%	0.24%	0.24%
ADSK	C	0.19%	0.08%	0.08%
AEE	C	0.09%	0.08%	0.08%
AEP	C	0.29%	0.07%	0.07%
AES	C	0.25%	0.01%	0.01%
AFL	C	0.25%	0.12%	0.12%
AIG	D	0.25%	0.07%	0.07%
AIZ	B	0.29%	0.07%	0.07%
AJG	D	0.04%	0.19%	0.04%
AKAM	D	0.28%	0.12%	0.12%
ALB	D	0.04%	0.01%	0.01%
ALGN	D	0.09%	0.0%	0.0%
ALL	B	0.3%	0.07%	0.07%
ALLE	B	0.09%	0.02%	0.02%
AMAT	D	0.12%	0.32%	0.12%
AMCR	B	0.14%	0.08%	0.08%
AMD	D	0.12%	0.04%	0.04%
AME	C	0.12%	0.01%	0.01%
AMGN	B	0.27%	0.19%	0.19%
AMP	A	0.09%	0.07%	0.07%
AMT	C	0.08%	0.03%	0.03%
AMZN	C	0.14%	0.34%	0.14%
ANET	B	0.2%	0.18%	0.18%
ANSS	D	0.16%	0.0%	0.0%
AON	B	0.04%	0.16%	0.04%
AOS	D	0.18%	0.02%	0.02%
APA	F	0.06%	0.03%	0.03%
APD	B	0.05%	0.02%	0.02%
APH	D	0.17%	0.38%	0.17%
APTV	D	0.37%	0.01%	0.01%
ARE	C	0.11%	0.01%	0.01%
ATO	B	0.38%	0.01%	0.01%
AVB	B	0.12%	0.01%	0.01%
AVGO	C	0.18%	0.11%	0.11%
AVY	C	0.06%	0.03%	0.03%
AWK	B	0.38%	0.01%	0.01%
AXON	B	0.1%	0.0%	0.0%
AXP	B	0.05%	0.06%	0.05%
AZO	D	0.15%	0.29%	0.15%
BA	F	0.15%	0.02%	0.02%
BAC	D	0.13%	0.33%	0.13%
BALL	C	0.12%	0.01%	0.01%
BAX	C	0.06%	0.02%	0.02%
BBWI	F	0.11%	0.0%	0.0%
BBY	C	0.19%	0.06%	0.06%
BDX	D	0.05%	0.08%	0.05%
BEN	F	0.07%	0.01%	0.01%
BG	D	0.36%	0.03%	0.03%
BIIB	F	0.21%	0.02%	0.02%
BIO	C	0.1%	0.0%	0.0%
BK	B	0.13%	0.05%	0.05%
BKNG	C	0.12%	0.02%	0.02%
BKR	C	0.36%	0.02%	0.02%
BLDR	C	0.21%	0.04%	0.04%
BLK	B	0.09%	0.21%	0.09%
BMY	C	0.29%	0.18%	0.18%
BR	D	0.12%	0.04%	0.04%
BRK.A	C	0.57%	0.71%	0.57%
BRO	C	0.04%	0.13%	0.04%
BSX	B	0.07%	0.02%	0.02%
BX	B	0.1%	0.02%	0.02%
BXP	B	0.13%	0.01%	0.01%
C	C	0.13%	0.21%	0.13%
CAG	C	0.25%	0.05%	0.05%
CAH	C	0.22%	0.12%	0.12%
CARR	B	0.08%	0.02%	0.02%
CAT	B	0.13%	0.32%	0.13%
CB	B	0.16%	0.4%	0.16%
CBOE	C	0.05%	0.26%	0.05%
CBRE	A	0.05%	0.03%	0.03%
CCI	C	0.08%	0.02%	0.02%
CCL	C	0.09%	0.0%	0.0%
CDNS	D	0.27%	0.12%	0.12%
CDW	D	0.12%	0.09%	0.09%
CE	F	0.06%	0.01%	0.01%
CEG	C	0.24%	0.01%	0.01%
CF	C	0.09%	0.12%	0.09%
CFG	C	0.07%	0.03%	0.03%
CHD	D	0.42%	0.18%	0.18%
CHRW	B	0.1%	0.01%	0.01%
CHTR	D	0.59%	0.05%	0.05%
CI	C	0.21%	0.2%	0.2%
CINF	B	0.17%	0.02%	0.02%
CL	D	0.48%	0.23%	0.23%
CLX	C	0.53%	0.01%	0.01%
CMCSA	D	0.53%	0.15%	0.15%
CME	C	0.05%	0.16%	0.05%
CMG	C	0.42%	0.13%	0.13%
CMI	C	0.08%	0.08%	0.08%
CMS	C	0.09%	0.05%	0.05%
CNC	D	0.27%	0.06%	0.06%
CNP	C	0.22%	0.01%	0.01%
COF	B	0.71%	0.07%	0.07%
COP	D	0.07%	0.09%	0.07%
COST	B	0.78%	0.76%	0.76%
CPAY	B	0.05%	0.01%	0.01%
CPB	C	0.25%	0.1%	0.1%
CPRT	D	0.21%	0.07%	0.07%
CPT	B	0.12%	0.01%	0.01%
CRL	F	0.13%	0.0%	0.0%
CRM	D	0.35%	0.04%	0.04%
CRWD	D	0.11%	0.0%	0.0%
CSCO	C	0.21%	0.88%	0.21%
CSGP	D	0.04%	0.0%	0.0%
CSX	D	0.09%	0.11%	0.09%
CTAS	B	0.22%	0.14%	0.14%
CTLT	B	0.27%	0.01%	0.01%
CTRA	D	0.14%	0.02%	0.02%
CTSH	C	0.16%	0.2%	0.16%
CTVA	B	0.09%	0.04%	0.04%
CVS	D	0.62%	0.17%	0.17%
CVX	D	0.69%	0.28%	0.28%
D	C	0.28%	0.06%	0.06%
DAL	C	0.17%	0.01%	0.01%
DAY	D	0.25%	0.0%	0.0%
DD	B	0.05%	0.02%	0.02%
DE	B	0.13%	0.06%	0.06%
DECK	C	0.26%	0.04%	0.04%
DFS	B	0.73%	0.03%	0.03%
DG	F	0.11%	0.01%	0.01%
DGX	B	0.18%	0.1%	0.1%
DHI	B	0.33%	0.12%	0.12%
DHR	B	0.09%	0.06%	0.06%
DIS	D	0.18%	0.07%	0.07%
DLR	B	0.26%	0.02%	0.02%
DLTR	F	0.11%	0.01%	0.01%
DOC	C	0.12%	0.01%	0.01%
DOV	B	0.17%	0.04%	0.04%
DOW	D	0.06%	0.04%	0.04%
DPZ	F	0.4%	0.06%	0.06%
DRI	B	0.52%	0.03%	0.03%
DTE	C	0.28%	0.02%	0.02%
DUK	C	0.09%	0.37%	0.09%
DVA	B	0.12%	0.01%	0.01%
DVN	F	0.15%	0.03%	0.03%
DXCM	F	0.06%	0.0%	0.0%
EA	D	0.53%	0.18%	0.18%
EBAY	B	0.17%	0.01%	0.01%
ECL	B	0.05%	0.01%	0.01%
ED	C	0.29%	0.38%	0.29%
EFX	B	0.05%	0.01%	0.01%
EG	C	0.15%	0.06%	0.06%
EIX	C	0.29%	0.03%	0.03%
EL	F	0.33%	0.01%	0.01%
ELV	C	0.27%	0.28%	0.27%
EMN	B	0.05%	0.01%	0.01%
EMR	D	0.03%	0.02%	0.02%
ENPH	D	0.21%	0.03%	0.03%
EOG	D	0.07%	0.05%	0.05%
EPAM	F	0.15%	0.02%	0.02%
EQIX	C	0.29%	0.01%	0.01%
EQR	B	0.12%	0.01%	0.01%
EQT	D	0.13%	0.01%	0.01%
ES	C	0.09%	0.02%	0.02%
ESS	B	0.12%	0.01%	0.01%
ETN	C	0.23%	0.02%	0.02%
ETR	B	0.28%	0.02%	0.02%
EVRG	B	0.09%	0.01%	0.01%
EW	F	0.05%	0.07%	0.05%
EXC	C	0.33%	0.03%	0.03%
EXPD	C	0.08%	0.04%	0.04%
EXPE	C	0.12%	0.01%	0.01%
EXR	B	0.12%	0.01%	0.01%
F	F	0.23%	0.09%	0.09%
FANG	D	0.07%	0.08%	0.07%
FAST	C	0.13%	0.08%	0.08%
FCX	D	0.21%	0.02%	0.02%
FDS	C	0.04%	0.02%	0.02%
FDX	C	0.09%	0.07%	0.07%
FE	C	0.29%	0.01%	0.01%
FFIV	B	0.24%	0.14%	0.14%
FICO	B	0.06%	0.04%	0.04%
FIS	B	0.06%	0.02%	0.02%
FITB	B	0.07%	0.03%	0.03%
FOX	B	0.12%	0.01%	0.01%
FOXA	B	0.12%	0.01%	0.01%
FSLR	C	0.14%	0.01%	0.01%
FTNT	C	0.21%	0.01%	0.01%
FTV	C	0.03%	0.01%	0.01%
GD	B	0.17%	0.19%	0.17%
GDDY	C	0.29%	0.21%	0.21%
GE	B	0.18%	0.29%	0.18%
GEHC	C	0.09%	0.02%	0.02%
GEV	B	0.2%	0.02%	0.02%
GILD	B	0.3%	0.22%	0.22%
GIS	B	0.24%	0.38%	0.24%
GLW	C	0.21%	0.02%	0.02%
GM	C	0.25%	0.15%	0.15%
GOOG	D	0.19%	0.83%	0.19%
GOOGL	D	0.19%	0.95%	0.19%
GPC	D	0.15%	0.06%	0.06%
GPN	D	0.05%	0.02%	0.02%
GRMN	D	0.38%	0.05%	0.05%
GS	C	0.27%	0.14%	0.14%
GWW	B	0.14%	0.1%	0.1%
HAL	F	0.29%	0.01%	0.01%
HBAN	B	0.07%	0.03%	0.03%
HCA	B	0.38%	0.04%	0.04%
HD	B	0.26%	0.14%	0.14%
HES	F	0.06%	0.01%	0.01%
HIG	B	0.17%	0.03%	0.03%
HII	D	0.09%	0.01%	0.01%
HLT	B	0.11%	0.01%	0.01%
HOLX	B	0.1%	0.01%	0.01%
HON	D	0.16%	0.24%	0.16%
HPE	D	0.16%	0.03%	0.03%
HPQ	D	0.32%	0.04%	0.04%
HRL	C	0.4%	0.1%	0.1%
HSIC	C	0.21%	0.01%	0.01%
HST	C	0.1%	0.01%	0.01%
HSY	C	0.2%	0.18%	0.18%
HUBB	B	0.25%	0.03%	0.03%
HUM	F	0.26%	0.18%	0.18%
HWM	B	0.09%	0.01%	0.01%
IBM	B	0.4%	0.48%	0.4%
ICE	C	0.05%	0.03%	0.03%
IDXX	C	0.08%	0.09%	0.08%
IEX	D	0.19%	0.02%	0.02%
IFF	B	0.05%	0.01%	0.01%
INCY	C	0.25%	0.12%	0.12%
INTC	F	0.08%	0.08%	0.08%
INTU	C	0.23%	0.25%	0.23%
INVH	C	0.11%	0.01%	0.01%
IP	B	0.07%	0.02%	0.02%
IPG	C	0.35%	0.02%	0.02%
IQV	C	0.16%	0.01%	0.01%
IR	C	0.18%	0.01%	0.01%
IRM	C	0.08%	0.01%	0.01%
ISRG	B	0.14%	0.24%	0.14%
IT	B	0.15%	0.03%	0.03%
ITW	C	0.17%	0.12%	0.12%
J	C	0.39%	0.01%	0.01%
JBHT	D	0.09%	0.03%	0.03%
JBL	D	0.29%	0.01%	0.01%
JCI	B	0.07%	0.02%	0.02%
JKHY	B	0.06%	0.06%	0.06%
JNJ	C	0.29%	1.19%	0.29%
JNPR	B	0.22%	0.13%	0.13%
JPM	D	0.14%	0.52%	0.14%
K	B	0.26%	0.23%	0.23%
KDP	B	0.27%	0.16%	0.16%
KEY	B	0.07%	0.02%	0.02%
KEYS	C	0.21%	0.17%	0.17%
KHC	C	0.24%	0.22%	0.22%
KIM	C	0.08%	0.01%	0.01%
KKR	B	0.09%	0.02%	0.02%
KLAC	D	0.14%	0.18%	0.14%
KMB	D	0.45%	0.12%	0.12%
KMI	B	0.27%	0.03%	0.03%
KMX	D	0.17%	0.01%	0.01%
KO	C	0.29%	0.65%	0.29%
KR	C	0.77%	0.28%	0.28%
KVUE	C	0.55%	0.08%	0.08%
L	C	0.54%	0.16%	0.16%
LDOS	B	0.14%	0.01%	0.01%
LEN	B	0.29%	0.09%	0.09%
LHX	C	0.09%	0.02%	0.02%
LIN	B	0.05%	0.06%	0.05%
LKQ	F	0.15%	0.01%	0.01%
LLY	C	0.26%	1.42%	0.26%
LMT	C	0.1%	0.45%	0.1%
LNT	B	0.09%	0.03%	0.03%
LOW	B	0.27%	0.07%	0.07%
LRCX	F	0.12%	0.2%	0.12%
LULU	D	0.24%	0.06%	0.06%
LUV	C	0.2%	0.0%	0.0%
LVS	D	0.06%	0.0%	0.0%
LW	D	0.16%	0.0%	0.0%
LYB	D	0.07%	0.03%	0.03%
LYV	B	0.09%	0.0%	0.0%
MA	B	0.05%	0.67%	0.05%
MAA	B	0.13%	0.01%	0.01%
MAR	C	0.11%	0.01%	0.01%
MAS	B	0.21%	0.01%	0.01%
MCD	B	0.57%	0.42%	0.42%
MCHP	F	0.11%	0.07%	0.07%
MCK	F	0.17%	0.49%	0.17%
MCO	B	0.05%	0.13%	0.05%
MDLZ	B	0.21%	0.17%	0.17%
MDT	C	0.07%	0.06%	0.06%
MET	B	0.22%	0.04%	0.04%
META	B	0.44%	1.96%	0.44%
MGM	F	0.06%	0.01%	0.01%
MKC	C	0.26%	0.01%	0.01%
MKTX	C	0.06%	0.02%	0.02%
MLM	D	0.15%	0.01%	0.01%
MMC	C	0.04%	0.53%	0.04%
MMM	B	0.21%	0.14%	0.14%
MNST	D	0.26%	0.06%	0.06%
MO	C	0.46%	0.04%	0.04%
MOH	D	0.28%	0.07%	0.07%
MOS	F	0.08%	0.02%	0.02%
MPC	F	0.48%	0.18%	0.18%
MPWR	C	0.23%	0.06%	0.06%
MRK	D	0.22%	0.51%	0.22%
MRNA	F	0.14%	0.02%	0.02%
MRO	C	0.07%	0.02%	0.02%
MS	D	0.26%	0.09%	0.09%
MSCI	C	0.05%	0.0%	0.0%
MSFT	C	0.3%	2.36%	0.3%
MSI	B	0.58%	0.58%	0.58%
MTB	B	0.07%	0.04%	0.04%
MTCH	C	0.51%	0.0%	0.0%
MU	F	0.08%	0.04%	0.04%
NDAQ	A	0.05%	0.01%	0.01%
NDSN	C	0.03%	0.02%	0.02%
NEE	C	0.28%	0.06%	0.06%
NEM	B	0.31%	0.04%	0.04%
NFLX	B	0.22%	0.45%	0.22%
NI	B	0.39%	0.01%	0.01%
NKE	D	0.25%	0.17%	0.17%
NOC	B	0.1%	0.33%	0.1%
NOW	B	0.39%	0.01%	0.01%
NRG	C	0.3%	0.01%	0.01%
NSC	C	0.1%	0.03%	0.03%
NTAP	D	0.18%	0.04%	0.04%
NTRS	A	0.09%	0.01%	0.01%
NUE	F	0.23%	0.04%	0.04%
NVDA	D	0.11%	2.1%	0.11%
NVR	B	0.29%	0.07%	0.07%
NWSA	D	0.1%	0.01%	0.01%
NXPI	F	0.19%	0.02%	0.02%
O	C	0.08%	0.03%	0.03%
ODFL	D	0.09%	0.07%	0.07%
OKE	B	0.29%	0.03%	0.03%
OMC	B	0.37%	0.04%	0.04%
ON	D	0.21%	0.01%	0.01%
ORCL	C	0.34%	0.22%	0.22%
ORLY	C	0.17%	0.22%	0.17%
OTIS	C	0.07%	0.01%	0.01%
OXY	F	0.06%	0.03%	0.03%
PANW	D	0.18%	0.16%	0.16%
PARA	F	0.2%	0.01%	0.01%
PAYC	D	0.25%	0.02%	0.02%
PAYX	C	0.24%	0.09%	0.09%
PCAR	D	0.11%	0.09%	0.09%
PCG	C	0.08%	0.03%	0.03%
PEG	B	0.28%	0.02%	0.02%
PEP	C	0.2%	0.86%	0.2%
PFE	C	0.27%	0.21%	0.21%
PFG	B	0.21%	0.02%	0.02%
PG	C	0.45%	0.98%	0.45%
PGR	B	0.31%	0.34%	0.31%
PH	B	0.09%	0.02%	0.02%
PHM	B	0.29%	0.06%	0.06%
PKG	B	0.07%	0.03%	0.03%
PLD	C	0.08%	0.05%	0.05%
PM	C	0.47%	0.07%	0.07%
PNC	B	0.07%	0.08%	0.07%
PNR	B	0.21%	0.02%	0.02%
PODD	B	0.11%	0.0%	0.0%
POOL	C	0.13%	0.03%	0.03%
PPG	D	0.07%	0.01%	0.01%
PPL	C	0.09%	0.01%	0.01%
PRU	C	0.2%	0.04%	0.04%
PSA	B	0.14%	0.09%	0.09%
PSX	F	0.47%	0.13%	0.13%
PTC	D	0.16%	0.07%	0.07%
PWR	B	0.34%	0.01%	0.01%
PYPL	B	0.06%	0.04%	0.04%
QCOM	D	0.17%	0.34%	0.17%
QRVO	F	0.21%	0.01%	0.01%
RCL	B	0.09%	0.0%	0.0%
REG	C	0.08%	0.01%	0.01%
REGN	C	0.27%	0.47%	0.27%
RF	B	0.07%	0.03%	0.03%
RJF	C	0.25%	0.01%	0.01%
RMD	C	0.12%	0.06%	0.06%
ROK	D	0.03%	0.05%	0.03%
ROL	C	0.19%	0.08%	0.08%
ROP	C	0.03%	0.49%	0.03%
ROST	C	0.77%	0.02%	0.02%
RSG	D	0.2%	0.46%	0.2%
RTX	C	0.1%	0.09%	0.09%
SBAC	C	0.08%	0.01%	0.01%
SBUX	C	0.58%	0.04%	0.04%
SCHW	D	0.21%	0.03%	0.03%
SHW	B	0.08%	0.14%	0.08%
SJM	C	0.23%	0.08%	0.08%
SLB	F	0.31%	0.03%	0.03%
SMCI	F	0.1%	0.03%	0.03%
SNA	C	0.26%	0.03%	0.03%
SNPS	D	0.26%	0.11%	0.11%
SO	B	0.09%	0.47%	0.09%
SOLV	C	0.06%	0.03%	0.03%
SPG	B	0.07%	0.02%	0.02%
SPGI	B	0.05%	0.04%	0.04%
SRE	C	0.08%	0.03%	0.03%
STE	C	0.14%	0.01%	0.01%
STLD	F	0.23%	0.02%	0.02%
STT	A	0.13%	0.03%	0.03%
STX	C	0.19%	0.01%	0.01%
STZ	D	0.25%	0.01%	0.01%
SW	B	0.06%	0.02%	0.02%
SWK	B	0.29%	0.01%	0.01%
SWKS	D	0.21%	0.03%	0.03%
SYF	C	0.77%	0.03%	0.03%
SYK	C	0.13%	0.03%	0.03%
SYY	D	0.83%	0.03%	0.03%
T	C	0.4%	0.37%	0.37%
TAP	D	0.28%	0.01%	0.01%
TDG	B	0.07%	0.01%	0.01%
TDY	B	0.04%	0.05%	0.04%
TECH	C	0.14%	0.0%	0.0%
TEL	D	0.18%	0.08%	0.08%
TER	D	0.14%	0.03%	0.03%
TFC	C	0.07%	0.08%	0.07%
TFX	C	0.06%	0.01%	0.01%
TGT	C	0.18%	0.14%	0.14%
TJX	B	0.81%	0.35%	0.35%
TMO	B	0.16%	0.07%	0.07%
TMUS	C	0.37%	0.64%	0.37%
TRGP	B	0.3%	0.03%	0.03%
TRMB	C	0.03%	0.0%	0.0%
TROW	D	0.07%	0.05%	0.05%
TRV	C	0.17%	0.27%	0.17%
TSCO	C	0.12%	0.05%	0.05%
TSLA	C	0.3%	0.11%	0.11%
TSN	C	0.46%	0.14%	0.14%
TT	B	0.08%	0.13%	0.08%
TTWO	C	0.49%	0.01%	0.01%
TXN	C	0.23%	0.49%	0.23%
TXT	D	0.17%	0.01%	0.01%
TYL	C	0.41%	0.0%	0.0%
UBER	C	0.11%	0.01%	0.01%
UDR	C	0.12%	0.0%	0.0%
UHS	B	0.4%	0.01%	0.01%
ULTA	D	0.16%	0.07%	0.07%
UNH	C	0.32%	1.36%	0.32%
UNP	C	0.09%	0.28%	0.09%
UPS	D	0.08%	0.07%	0.07%
URI	B	0.14%	0.02%	0.02%
USB	B	0.06%	0.08%	0.06%
V	C	0.05%	1.12%	0.05%
VICI	C	0.08%	0.02%	0.02%
VLO	F	0.45%	0.07%	0.07%
VLTO	C	0.03%	0.05%	0.03%
VMC	D	0.15%	0.01%	0.01%
VRSK	D	0.04%	0.01%	0.01%
VRSN	D	0.27%	0.14%	0.14%
VRTX	D	0.25%	0.44%	0.25%
VST	C	0.26%	0.01%	0.01%
VTR	C	0.14%	0.01%	0.01%
VTRS	D	0.27%	0.03%	0.03%
VZ	B	0.36%	0.61%	0.36%
WAB	B	0.13%	0.01%	0.01%
WAT	C	0.16%	0.04%	0.04%
WBA	F	0.38%	0.04%	0.04%
WBD	D	0.2%	0.05%	0.05%
WDC	D	0.16%	0.01%	0.01%
WEC	C	0.09%	0.2%	0.09%
WELL	C	0.14%	0.02%	0.02%
WFC	D	0.12%	0.2%	0.12%
WM	D	0.19%	0.5%	0.19%
WMB	B	0.27%	0.15%	0.15%
WMT	C	0.86%	0.72%	0.72%
WRB	C	0.16%	0.14%	0.14%
WST	D	0.05%	0.03%	0.03%
WTW	C	0.04%	0.07%	0.04%
WY	C	0.17%	0.02%	0.02%
WYNN	D	0.06%	0.0%	0.0%
XEL	B	0.09%	0.08%	0.08%
XOM	C	0.79%	0.44%	0.44%
XYL	C	0.18%	0.01%	0.01%
YUM	D	0.49%	0.15%	0.15%
ZBH	F	0.12%	0.01%	0.01%
ZBRA	B	0.13%	0.01%	0.01%
ZTS	C	0.28%	0.16%	0.16%

SSPY Overweight 18 Positions Relative to QWLD

Symbol	Grade	Weight
BWA	D	0.38%
TPR	C	0.3%
RL	C	0.29%
HAS	B	0.27%
GL	C	0.26%
MHK	C	0.25%
AAL	D	0.19%
UAL	C	0.18%
ETSY	F	0.13%
MTD	D	0.13%
NWS	D	0.1%
NCLH	C	0.09%
PNW	C	0.09%
IVZ	B	0.09%
FMC	C	0.09%
FRT	C	0.08%
GNRC	D	0.08%
CZR	C	0.07%

SSPY Underweight 126 Positions Relative to QWLD

Symbol	Grade	Weight
NVS	C	-0.89%
UL	C	-0.3%
WCN	D	-0.28%
MFG	D	-0.2%
CHKP	B	-0.19%
ERIE	B	-0.15%
BAH	C	-0.15%
TD	B	-0.14%
UTHR	C	-0.14%
TM	F	-0.14%
E	C	-0.13%
MKL	C	-0.12%
DEO	C	-0.12%
MUFG	D	-0.12%
CNI	D	-0.11%
NBIX	F	-0.11%
BCS	B	-0.1%
SMFG	D	-0.09%
STLA	F	-0.09%
LYG	B	-0.09%
BMRN	F	-0.09%
FCNCA	D	-0.09%
HMC	D	-0.08%
SONY	C	-0.08%
LOGI	D	-0.06%
LNG	C	-0.05%
VEEV	C	-0.05%
BTI	C	-0.05%
DINO	F	-0.05%
WSM	D	-0.04%
MANH	B	-0.04%
WDAY	D	-0.04%
MT	D	-0.04%
OC	D	-0.03%
CSL	B	-0.03%
WSO	C	-0.03%
LPLA	D	-0.03%
TPL	B	-0.03%
EME	B	-0.03%
NMR	D	-0.02%
CHK	D	-0.02%
ACI	F	-0.02%
TTC	D	-0.02%
OVV	F	-0.02%
AER	B	-0.02%
AFG	B	-0.02%
GGG	C	-0.02%
DKS	D	-0.02%
AMH	C	-0.01%
OTEX	D	-0.01%
RPM	B	-0.01%
WTRG	D	-0.01%
UHAL	A	-0.01%
CG	D	-0.01%
RPRX	C	-0.01%
GLPI	C	-0.01%
TRU	B	-0.01%
BURL	B	-0.01%
MBAVU	C	-0.01%
ZM	C	-0.01%
ACM	B	-0.01%
SUI	B	-0.01%
SE	B	-0.01%
WPC	C	-0.01%
CCEP	B	-0.01%
AVTR	B	-0.01%
CCK	A	-0.01%
AGCO	D	-0.01%
CHRD	F	-0.01%
KNX	C	-0.01%
WFG	B	-0.01%
SSNC	B	-0.01%
EQH	C	-0.01%
MRVL	C	-0.01%
DELL	D	-0.01%
APO	C	-0.01%
CRBG	D	-0.01%
BSY	D	-0.01%
FNF	B	-0.01%
SQ	D	-0.01%
ALLY	F	-0.01%
SEIC	C	-0.01%
CNH	D	-0.01%
RS	D	-0.01%
MELI	B	-0.01%
GLBE	C	-0.0%
IOT	B	-0.0%
TOST	C	-0.0%
NET	D	-0.0%
RBLX	B	-0.0%
XRX	D	-0.0%
DDOG	D	-0.0%
SNAP	F	-0.0%
FUTU	D	-0.0%
DKNG	C	-0.0%
MSTR	D	-0.0%
H	C	-0.0%
PSTG	F	-0.0%
DOCU	C	-0.0%
HEI	B	-0.0%
GRAB	C	-0.0%
APP	C	-0.0%
DT	C	-0.0%
PINS	F	-0.0%
SNOW	F	-0.0%
HOOD	C	-0.0%
ROKU	C	-0.0%
OKTA	F	-0.0%
TTD	B	-0.0%
EXAS	C	-0.0%
LII	B	-0.0%
Z	B	-0.0%
TW	B	-0.0%
PLTR	B	-0.0%
VRT	C	-0.0%
HEI	B	-0.0%
ELS	C	-0.0%
ENTG	F	-0.0%
DASH	C	-0.0%
COIN	F	-0.0%
WLK	D	-0.0%
ILMN	C	-0.0%
RIVN	F	-0.0%
ARES	B	-0.0%
QGEN	C	-0.0%
TWLO	D	-0.0%