USPX vs. SPYV ETF Comparison

Comparison of Franklin U.S. Equity Index ETF (USPX) to SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV)

USPX

Franklin U.S. Equity Index ETF

USPX Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Equity Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries that have favorable exposure to multiple investment style factors.

Grade (RS Rating)

Last Trade

$52.38

Average Daily Volume

42,046

Number of Holdings ^*

543

* may have additional holdings in another (foreign) market

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.67

Average Daily Volume

2,147,969

Number of Holdings ^*

433

* may have additional holdings in another (foreign) market

Performance

Period	USPX	SPYV
30 Days	3.77%	2.77%
60 Days	5.00%	4.01%
90 Days	6.73%	6.06%
12 Months	33.32%	26.94%

407 Overlapping Holdings

Symbol	Grade	Weight in USPX	Weight in SPYV	Overlap
A	D	0.07%	0.18%	0.07%
ABBV	D	0.57%	0.88%	0.57%
ABNB	C	0.11%	0.14%	0.11%
ABT	B	0.39%	0.94%	0.39%
ACN	C	0.44%	0.49%	0.44%
ADI	D	0.2%	0.2%	0.2%
ADM	D	0.05%	0.12%	0.05%
ADP	B	0.24%	0.35%	0.24%
ADSK	A	0.13%	0.15%	0.13%
AEE	A	0.05%	0.11%	0.05%
AEP	D	0.1%	0.23%	0.1%
AES	F	0.02%	0.05%	0.02%
AFL	B	0.11%	0.26%	0.11%
AIG	B	0.1%	0.23%	0.1%
AJG	B	0.13%	0.15%	0.13%
AKAM	D	0.03%	0.03%	0.03%
ALB	C	0.02%	0.06%	0.02%
ALGN	D	0.03%	0.03%	0.03%
ALL	A	0.1%	0.24%	0.1%
ALLE	D	0.02%	0.04%	0.02%
AMCR	D	0.03%	0.07%	0.03%
AME	A	0.09%	0.11%	0.09%
AMGN	D	0.3%	0.75%	0.3%
AMP	A	0.11%	0.12%	0.11%
AMT	D	0.18%	0.25%	0.18%
ANSS	B	0.05%	0.06%	0.05%
AON	A	0.16%	0.19%	0.16%
APD	A	0.14%	0.33%	0.14%
APH	A	0.16%	0.18%	0.16%
APTV	D	0.02%	0.07%	0.02%
ARE	D	0.03%	0.08%	0.03%
ATO	A	0.05%	0.1%	0.05%
AVB	B	0.06%	0.15%	0.06%
AVY	D	0.03%	0.08%	0.03%
AWK	D	0.05%	0.12%	0.05%
AXP	A	0.31%	0.23%	0.23%
AZO	C	0.1%	0.08%	0.08%
BA	F	0.2%	0.26%	0.2%
BAC	A	0.62%	1.45%	0.62%
BALL	D	0.04%	0.09%	0.04%
BAX	D	0.03%	0.08%	0.03%
BBY	D	0.03%	0.08%	0.03%
BDX	F	0.13%	0.31%	0.13%
BEN	C	0.01%	0.03%	0.01%
BG	F	0.02%	0.06%	0.02%
BIIB	F	0.04%	0.11%	0.04%
BK	A	0.12%	0.27%	0.12%
BKR	B	0.09%	0.2%	0.09%
BLK	C	0.31%	0.68%	0.31%
BMY	B	0.23%	0.56%	0.23%
BR	A	0.05%	0.05%	0.05%
BRK.A	B	1.67%	4.01%	1.67%
BRO	B	0.05%	0.03%	0.03%
BSX	B	0.25%	0.27%	0.25%
BX	A	0.25%	0.17%	0.17%
BXP	D	0.02%	0.05%	0.02%
C	A	0.25%	0.61%	0.25%
CAG	D	0.02%	0.06%	0.02%
CAH	B	0.06%	0.14%	0.06%
CARR	D	0.12%	0.15%	0.12%
CAT	B	0.37%	0.37%	0.37%
CB	C	0.21%	0.5%	0.21%
CBRE	B	0.08%	0.19%	0.08%
CCI	D	0.09%	0.21%	0.09%
CCL	B	0.05%	0.03%	0.03%
CDW	F	0.05%	0.07%	0.05%
CEG	D	0.14%	0.18%	0.14%
CF	B	0.03%	0.03%	0.03%
CFG	B	0.04%	0.1%	0.04%
CHD	B	0.05%	0.07%	0.05%
CHTR	C	0.08%	0.1%	0.08%
CI	F	0.18%	0.42%	0.18%
CINF	A	0.05%	0.11%	0.05%
CL	D	0.15%	0.21%	0.15%
CLX	B	0.04%	0.1%	0.04%
CMCSA	B	0.33%	0.79%	0.33%
CME	A	0.16%	0.24%	0.16%
CMI	A	0.1%	0.23%	0.1%
CMS	C	0.04%	0.09%	0.04%
CNC	D	0.06%	0.14%	0.06%
CNP	B	0.04%	0.09%	0.04%
COF	B	0.14%	0.33%	0.14%
COP	C	0.26%	0.19%	0.19%
COR	B	0.08%	0.2%	0.08%
COST	B	0.79%	1.11%	0.79%
CPB	D	0.02%	0.04%	0.02%
CPT	B	0.02%	0.06%	0.02%
CRL	C	0.02%	0.05%	0.02%
CSCO	B	0.45%	1.09%	0.45%
CSGP	D	0.06%	0.08%	0.06%
CSX	B	0.13%	0.16%	0.13%
CTAS	B	0.15%	0.16%	0.15%
CTRA	B	0.04%	0.03%	0.03%
CTSH	B	0.08%	0.19%	0.08%
CTVA	C	0.08%	0.19%	0.08%
CVS	D	0.13%	0.32%	0.13%
CVX	A	0.53%	1.29%	0.53%
D	C	0.09%	0.22%	0.09%
DAL	C	0.08%	0.09%	0.08%
DAY	B	0.02%	0.03%	0.02%
DD	D	0.07%	0.16%	0.07%
DE	A	0.2%	0.2%	0.2%
DELL	C	0.07%	0.08%	0.07%
DFS	B	0.09%	0.09%	0.09%
DG	F	0.03%	0.08%	0.03%
DGX	A	0.04%	0.08%	0.04%
DHR	F	0.29%	0.72%	0.29%
DIS	B	0.41%	0.93%	0.41%
DLR	B	0.11%	0.15%	0.11%
DLTR	F	0.03%	0.06%	0.03%
DOC	D	0.03%	0.07%	0.03%
DOV	A	0.05%	0.13%	0.05%
DOW	F	0.06%	0.15%	0.06%
DPZ	C	0.03%	0.04%	0.03%
DRI	B	0.04%	0.04%	0.04%
DTE	C	0.05%	0.12%	0.05%
DUK	C	0.17%	0.4%	0.17%
DVN	F	0.05%	0.12%	0.05%
DXCM	D	0.06%	0.05%	0.05%
EA	A	0.08%	0.1%	0.08%
EBAY	D	0.06%	0.14%	0.06%
ECL	D	0.12%	0.14%	0.12%
ED	D	0.06%	0.15%	0.06%
EFX	F	0.06%	0.09%	0.06%
EG	C	0.03%	0.07%	0.03%
EIX	B	0.06%	0.15%	0.06%
EL	F	0.03%	0.07%	0.03%
ELV	F	0.18%	0.44%	0.18%
EMN	D	0.02%	0.06%	0.02%
EMR	A	0.14%	0.35%	0.14%
ENPH	F	0.02%	0.03%	0.02%
EOG	A	0.15%	0.12%	0.12%
EPAM	C	0.03%	0.04%	0.03%
EQIX	A	0.17%	0.21%	0.17%
EQR	B	0.05%	0.12%	0.05%
EQT	B	0.05%	0.12%	0.05%
ES	D	0.04%	0.1%	0.04%
ESS	B	0.04%	0.09%	0.04%
ETN	A	0.28%	0.26%	0.26%
ETR	B	0.06%	0.15%	0.06%
EVRG	A	0.03%	0.07%	0.03%
EW	C	0.08%	0.12%	0.08%
EXC	C	0.08%	0.18%	0.08%
EXPD	D	0.03%	0.05%	0.03%
EXR	D	0.07%	0.16%	0.07%
F	C	0.08%	0.2%	0.08%
FAST	B	0.09%	0.11%	0.09%
FCX	D	0.12%	0.15%	0.12%
FDS	B	0.04%	0.05%	0.04%
FDX	B	0.13%	0.31%	0.13%
FE	C	0.04%	0.1%	0.04%
FFIV	B	0.03%	0.07%	0.03%
FI	A	0.24%	0.27%	0.24%
FIS	C	0.1%	0.23%	0.1%
FITB	A	0.06%	0.15%	0.06%
FOX	A	0.01%	0.03%	0.01%
FOXA	B	0.02%	0.05%	0.02%
FSLR	F	0.04%	0.1%	0.04%
GD	F	0.13%	0.35%	0.13%
GE	D	0.38%	0.52%	0.38%
GEHC	F	0.06%	0.18%	0.06%
GEN	B	0.03%	0.08%	0.03%
GEV	B	0.18%	0.24%	0.18%
GILD	C	0.22%	0.54%	0.22%
GIS	D	0.07%	0.17%	0.07%
GLW	B	0.07%	0.17%	0.07%
GM	B	0.12%	0.3%	0.12%
GPC	D	0.03%	0.08%	0.03%
GPN	B	0.06%	0.14%	0.06%
GRMN	B	0.06%	0.07%	0.06%
GS	A	0.38%	0.87%	0.38%
GWW	B	0.09%	0.06%	0.06%
HAL	C	0.05%	0.12%	0.05%
HBAN	A	0.05%	0.12%	0.05%
HCA	F	0.12%	0.16%	0.12%
HD	A	0.79%	1.19%	0.79%
HIG	B	0.07%	0.16%	0.07%
HII	D	0.02%	0.04%	0.02%
HOLX	D	0.04%	0.08%	0.04%
HON	B	0.29%	0.7%	0.29%
HPE	B	0.05%	0.13%	0.05%
HPQ	B	0.07%	0.17%	0.07%
HRL	D	0.02%	0.04%	0.02%
HST	C	0.02%	0.02%	0.02%
HSY	F	0.05%	0.08%	0.05%
HUBB	B	0.05%	0.06%	0.05%
HUM	C	0.06%	0.16%	0.06%
HWM	A	0.09%	0.09%	0.09%
IBM	C	0.37%	0.9%	0.37%
ICE	C	0.18%	0.42%	0.18%
IDXX	F	0.07%	0.07%	0.07%
IEX	B	0.04%	0.08%	0.04%
IFF	D	0.04%	0.11%	0.04%
INCY	C	0.03%	0.06%	0.03%
INTC	D	0.2%	0.5%	0.2%
INVH	D	0.04%	0.09%	0.04%
IP	B	0.04%	0.09%	0.04%
IPG	D	0.02%	0.05%	0.02%
IQV	D	0.07%	0.1%	0.07%
IR	B	0.08%	0.05%	0.05%
IRM	D	0.07%	0.08%	0.07%
ISRG	A	0.37%	0.3%	0.3%
ITW	B	0.16%	0.18%	0.16%
J	F	0.03%	0.08%	0.03%
JBHT	C	0.03%	0.07%	0.03%
JCI	C	0.11%	0.27%	0.11%
JKHY	D	0.03%	0.06%	0.03%
JNJ	D	0.73%	1.71%	0.73%
JNPR	F	0.02%	0.06%	0.02%
JPM	A	1.36%	3.22%	1.36%
K	A	0.04%	0.1%	0.04%
KDP	D	0.07%	0.18%	0.07%
KEY	B	0.04%	0.08%	0.04%
KEYS	A	0.05%	0.13%	0.05%
KHC	F	0.05%	0.13%	0.05%
KIM	A	0.03%	0.08%	0.03%
KMB	D	0.09%	0.21%	0.09%
KMI	A	0.11%	0.24%	0.11%
KMX	B	0.02%	0.06%	0.02%
KO	D	0.47%	0.69%	0.47%
KR	B	0.08%	0.18%	0.08%
KVUE	A	0.08%	0.21%	0.08%
L	A	0.03%	0.07%	0.03%
LDOS	C	0.04%	0.11%	0.04%
LEN	D	0.08%	0.08%	0.08%
LH	C	0.04%	0.09%	0.04%
LHX	C	0.1%	0.22%	0.1%
LIN	D	0.42%	0.49%	0.42%
LKQ	D	0.02%	0.05%	0.02%
LMT	D	0.23%	0.54%	0.23%
LNT	A	0.03%	0.07%	0.03%
LOW	D	0.3%	0.72%	0.3%
LUV	C	0.04%	0.09%	0.04%
LVS	C	0.04%	0.03%	0.03%
LW	C	0.02%	0.02%	0.02%
LYB	F	0.04%	0.1%	0.04%
MA	C	0.83%	0.56%	0.56%
MAA	B	0.04%	0.09%	0.04%
MAS	D	0.03%	0.04%	0.03%
MCD	D	0.41%	0.56%	0.41%
MCHP	D	0.07%	0.07%	0.07%
MCK	B	0.17%	0.37%	0.17%
MCO	B	0.15%	0.19%	0.15%
MDLZ	F	0.17%	0.24%	0.17%
MDT	D	0.22%	0.52%	0.22%
MET	A	0.1%	0.23%	0.1%
MGM	D	0.02%	0.01%	0.01%
MKC	D	0.04%	0.09%	0.04%
MLM	B	0.07%	0.06%	0.06%
MMC	B	0.22%	0.25%	0.22%
MMM	D	0.14%	0.34%	0.14%
MNST	C	0.07%	0.07%	0.07%
MO	A	0.19%	0.44%	0.19%
MOH	F	0.03%	0.03%	0.03%
MOS	F	0.02%	0.04%	0.02%
MPC	D	0.1%	0.11%	0.1%
MRK	F	0.48%	0.7%	0.48%
MRNA	F	0.02%	0.06%	0.02%
MRO	B	0.03%	0.04%	0.03%
MS	A	0.33%	0.77%	0.33%
MSCI	C	0.09%	0.1%	0.09%
MSI	B	0.15%	0.16%	0.15%
MTB	A	0.07%	0.17%	0.07%
MTD	D	0.05%	0.08%	0.05%
MU	D	0.21%	0.52%	0.21%
NDAQ	A	0.06%	0.15%	0.06%
NEE	D	0.31%	0.72%	0.31%
NEM	D	0.09%	0.22%	0.09%
NI	A	0.03%	0.08%	0.03%
NKE	D	0.18%	0.24%	0.18%
NOC	D	0.13%	0.32%	0.13%
NRG	B	0.04%	0.09%	0.04%
NSC	B	0.11%	0.28%	0.11%
NTAP	C	0.05%	0.07%	0.05%
NTRS	A	0.05%	0.1%	0.05%
NUE	C	0.07%	0.06%	0.06%
NWS	B	0.01%	0.02%	0.01%
NWSA	B	0.02%	0.05%	0.02%
NXPI	D	0.11%	0.07%	0.07%
O	D	0.1%	0.23%	0.1%
OKE	A	0.12%	0.11%	0.11%
OMC	C	0.04%	0.1%	0.04%
ON	D	0.06%	0.08%	0.06%
ORLY	B	0.14%	0.09%	0.09%
OTIS	C	0.08%	0.11%	0.08%
OXY	D	0.06%	0.16%	0.06%
PAYC	B	0.02%	0.03%	0.02%
PAYX	C	0.09%	0.13%	0.09%
PCAR	B	0.11%	0.08%	0.08%
PCG	A	0.09%	0.21%	0.09%
PEG	A	0.09%	0.2%	0.09%
PEP	F	0.43%	0.68%	0.43%
PFE	D	0.28%	0.69%	0.28%
PFG	D	0.04%	0.09%	0.04%
PG	A	0.79%	1.12%	0.79%
PGR	A	0.29%	0.35%	0.29%
PH	A	0.17%	0.09%	0.09%
PKG	A	0.04%	0.1%	0.04%
PLD	D	0.21%	0.5%	0.21%
PM	B	0.39%	0.59%	0.39%
PNC	B	0.16%	0.39%	0.16%
PNR	A	0.03%	0.02%	0.02%
PODD	C	0.04%	0.05%	0.04%
POOL	C	0.03%	0.03%	0.03%
PPG	F	0.06%	0.13%	0.06%
PPL	B	0.05%	0.12%	0.05%
PRU	A	0.09%	0.21%	0.09%
PSA	D	0.1%	0.14%	0.1%
PSX	C	0.11%	0.25%	0.11%
PTC	A	0.04%	0.04%	0.04%
PWR	A	0.09%	0.07%	0.07%
PYPL	B	0.18%	0.41%	0.18%
QCOM	F	0.35%	0.41%	0.35%
QRVO	F	0.01%	0.03%	0.01%
REG	B	0.03%	0.06%	0.03%
REGN	F	0.16%	0.16%	0.16%
RF	A	0.05%	0.11%	0.05%
RJF	A	0.06%	0.14%	0.06%
RMD	C	0.06%	0.16%	0.06%
ROK	B	0.07%	0.08%	0.07%
ROL	B	0.03%	0.04%	0.03%
ROP	B	0.11%	0.16%	0.11%
RSG	A	0.08%	0.09%	0.08%
RTX	C	0.31%	0.74%	0.31%
RVTY	F	0.03%	0.07%	0.03%
SBAC	D	0.04%	0.07%	0.04%
SBUX	A	0.22%	0.22%	0.22%
SCHW	B	0.23%	0.56%	0.23%
SHW	A	0.18%	0.21%	0.18%
SJM	D	0.02%	0.06%	0.02%
SLB	C	0.12%	0.29%	0.12%
SNA	A	0.04%	0.05%	0.04%
SO	D	0.19%	0.44%	0.19%
SPG	B	0.11%	0.16%	0.11%
SPGI	C	0.31%	0.43%	0.31%
SRE	A	0.11%	0.27%	0.11%
STE	F	0.04%	0.05%	0.04%
STLD	B	0.04%	0.03%	0.03%
STT	A	0.06%	0.13%	0.06%
STX	D	0.04%	0.06%	0.04%
STZ	D	0.07%	0.18%	0.07%
SW	A	0.05%	0.12%	0.05%
SWK	D	0.03%	0.06%	0.03%
SWKS	F	0.03%	0.06%	0.03%
SYF	B	0.05%	0.12%	0.05%
SYK	C	0.27%	0.22%	0.22%
SYY	B	0.07%	0.17%	0.07%
T	A	0.32%	0.75%	0.32%
TAP	C	0.02%	0.05%	0.02%
TDY	B	0.04%	0.1%	0.04%
TECH	D	0.02%	0.05%	0.02%
TER	D	0.03%	0.08%	0.03%
TFC	A	0.12%	0.29%	0.12%
TFX	F	0.01%	0.04%	0.01%
TGT	F	0.14%	0.33%	0.14%
TJX	A	0.27%	0.22%	0.22%
TMO	F	0.38%	0.59%	0.38%
TMUS	B	0.23%	0.55%	0.23%
TRMB	B	0.03%	0.08%	0.03%
TROW	B	0.05%	0.13%	0.05%
TRV	B	0.11%	0.27%	0.11%
TSCO	D	0.05%	0.08%	0.05%
TSN	B	0.04%	0.09%	0.04%
TT	A	0.17%	0.13%	0.13%
TTWO	A	0.06%	0.07%	0.06%
TXN	C	0.36%	0.56%	0.36%
TXT	D	0.03%	0.08%	0.03%
UAL	A	0.06%	0.14%	0.06%
UDR	B	0.03%	0.06%	0.03%
UHS	D	0.02%	0.06%	0.02%
ULTA	F	0.03%	0.03%	0.03%
UNH	C	1.07%	1.59%	1.07%
UNP	C	0.28%	0.37%	0.28%
UPS	C	0.19%	0.46%	0.19%
USB	A	0.15%	0.37%	0.15%
V	A	1.01%	0.82%	0.82%
VICI	C	0.06%	0.15%	0.06%
VLO	C	0.09%	0.21%	0.09%
VLTO	D	0.05%	0.12%	0.05%
VMC	B	0.08%	0.06%	0.06%
VRSK	A	0.08%	0.09%	0.08%
VRSN	F	0.03%	0.04%	0.03%
VRTX	F	0.24%	0.21%	0.21%
VTR	C	0.05%	0.12%	0.05%
VTRS	A	0.03%	0.07%	0.03%
VZ	C	0.35%	0.81%	0.35%
WAB	B	0.07%	0.16%	0.07%
WAT	B	0.04%	0.07%	0.04%
WBA	F	0.01%	0.03%	0.01%
WBD	C	0.04%	0.1%	0.04%
WDC	D	0.04%	0.1%	0.04%
WEC	A	0.06%	0.14%	0.06%
WELL	A	0.16%	0.36%	0.16%
WFC	A	0.5%	1.16%	0.5%
WM	A	0.15%	0.2%	0.15%
WMB	A	0.13%	0.19%	0.13%
WMT	A	0.72%	1.72%	0.72%
WRB	A	0.04%	0.08%	0.04%
WTW	B	0.06%	0.15%	0.06%
WY	D	0.04%	0.11%	0.04%
XEL	A	0.08%	0.18%	0.08%
XOM	B	1.04%	2.51%	1.04%
XYL	D	0.06%	0.14%	0.06%
YUM	B	0.07%	0.1%	0.07%
ZBH	C	0.04%	0.1%	0.04%
ZBRA	B	0.05%	0.1%	0.05%
ZTS	D	0.16%	0.17%	0.16%

USPX Overweight 136 Positions Relative to SPYV

Symbol	Grade	Weight
NVDA	C	6.61%
AAPL	C	6.32%
MSFT	F	6.06%
AMZN	C	3.77%
META	D	2.37%
GOOGL	C	1.98%
GOOG	C	1.77%
TSLA	B	1.75%
AVGO	D	1.48%
LLY	F	1.24%
NFLX	A	0.71%
CRM	B	0.59%
ORCL	B	0.58%
AMD	F	0.43%
ADBE	C	0.43%
NOW	A	0.39%
INTU	C	0.37%
BKNG	A	0.33%
UBER	D	0.29%
AMAT	F	0.28%
PLTR	B	0.26%
PANW	C	0.24%
ANET	C	0.19%
KKR	A	0.19%
LRCX	F	0.18%
MELI	D	0.18%
KLAC	D	0.17%
CMG	B	0.16%
CRWD	B	0.16%
CDNS	B	0.16%
SNPS	B	0.16%
MRVL	B	0.15%
TDG	D	0.14%
APO	B	0.13%
MAR	B	0.13%
HLT	A	0.12%
COIN	C	0.12%
FTNT	C	0.12%
DASH	A	0.11%
TTD	B	0.11%
RCL	A	0.11%
FICO	B	0.11%
URI	B	0.11%
WDAY	B	0.11%
CPRT	A	0.1%
VST	B	0.09%
LNG	B	0.09%
SQ	B	0.09%
ROST	C	0.09%
AXON	A	0.09%
DHI	D	0.09%
ACGL	D	0.08%
SNOW	C	0.08%
HES	B	0.08%
IT	C	0.08%
ODFL	B	0.08%
TRGP	B	0.08%
VRT	B	0.08%
DDOG	A	0.07%
LULU	C	0.07%
TEAM	A	0.07%
ALNY	D	0.06%
PHM	D	0.06%
CPNG	D	0.06%
FCNCA	A	0.06%
VEEV	C	0.06%
ARES	A	0.06%
FANG	D	0.06%
HUBS	A	0.06%
MKL	A	0.05%
TYL	B	0.05%
LII	A	0.05%
LPLA	A	0.05%
WST	C	0.05%
GDDY	A	0.05%
RBLX	C	0.05%
NET	B	0.05%
FTV	C	0.05%
NVR	D	0.05%
MPWR	F	0.05%
TPL	A	0.05%
DECK	A	0.05%
LYV	A	0.04%
ZM	B	0.04%
ZS	C	0.04%
WSO	A	0.04%
BLDR	D	0.04%
ILMN	D	0.04%
EXPE	B	0.04%
CPAY	A	0.04%
MDB	C	0.04%
AVTR	F	0.03%
RGA	A	0.03%
EWBC	A	0.03%
DT	C	0.03%
SUI	D	0.03%
EQH	B	0.03%
OC	A	0.03%
ENTG	D	0.03%
FNF	B	0.03%
DOCU	A	0.03%
BURL	A	0.03%
SSNC	B	0.03%
FLEX	A	0.03%
HEI	B	0.03%
PINS	D	0.03%
TRU	D	0.03%
TWLO	A	0.03%
BAH	F	0.03%
ACI	C	0.02%
SCCO	F	0.02%
APA	D	0.02%
EXAS	D	0.02%
WYNN	D	0.02%
SMCI	F	0.02%
CG	A	0.02%
RPRX	D	0.02%
CNH	C	0.02%
CCK	C	0.02%
HEI	B	0.02%
AFG	A	0.02%
SNAP	C	0.02%
Z	A	0.02%
NBIX	C	0.02%
OKTA	C	0.02%
WPC	D	0.02%
BMRN	D	0.02%
ELS	C	0.02%
AGR	B	0.01%
ZG	A	0.01%
WLK	D	0.01%
U	C	0.01%
SIRI	C	0.01%
BSY	D	0.01%
CRBG	B	0.01%
CE	F	0.01%

USPX Underweight 26 Positions Relative to SPYV

Symbol	Grade	Weight
NDSN	B	-0.07%
CHRW	C	-0.06%
TPR	B	-0.06%
GL	B	-0.05%
MKTX	D	-0.05%
PNW	B	-0.05%
CTLT	B	-0.05%
AIZ	A	-0.05%
BWA	D	-0.04%
IVZ	B	-0.04%
MTCH	D	-0.04%
HAS	D	-0.04%
HSIC	B	-0.04%
FRT	B	-0.04%
SOLV	C	-0.04%
JBL	B	-0.03%
PARA	C	-0.03%
FMC	D	-0.03%
MHK	D	-0.03%
CBOE	B	-0.03%
AOS	F	-0.02%
CZR	F	-0.02%
RL	B	-0.02%
ERIE	D	-0.02%
GNRC	B	-0.02%
DVA	B	-0.01%