BBUS vs. SPY ETF Comparison

Comparison of JPMorgan BetaBuilders U.S. Equity ETF (BBUS) to SPDR S&P 500 (SPY)

BBUS

JPMorgan BetaBuilders U.S. Equity ETF

BBUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Barclays Short-Term U.S. Aggregate Bond Index. The index measures the performance of U.S. dollar denominated investment grade taxable bonds with remaining effective maturities between one and five years. The fund will invest at least 80% of its assets (net assets, plus the amount of borrowing for investment purposes) in securities included in the underlying index.

Grade (RS Rating)

Last Trade

$107.85

Average Daily Volume

114,622

Number of Holdings ^*

544

* may have additional holdings in another (foreign) market

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$595.51

Average Daily Volume

43,227,909

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	BBUS	SPY
30 Days	3.35%	3.03%
60 Days	4.87%	4.54%
90 Days	6.62%	6.26%
12 Months	33.27%	32.65%

473 Overlapping Holdings

	Symbol	Grade	Weight in BBUS	Weight in SPY	Overlap
	A	D	0.07%	0.08%	0.07%
	AAPL	C	6.36%	6.89%	6.36%
	ABBV	D	0.57%	0.6%	0.57%
	ABNB	C	0.11%	0.12%	0.11%
	ABT	B	0.39%	0.4%	0.39%
	ACGL	D	0.07%	0.07%	0.07%
	ACN	C	0.43%	0.45%	0.43%
	ADBE	C	0.43%	0.47%	0.43%
	ADI	D	0.2%	0.21%	0.2%
	ADM	D	0.05%	0.05%	0.05%
	ADP	B	0.24%	0.24%	0.24%
	ADSK	A	0.13%	0.13%	0.13%
	AEE	A	0.05%	0.05%	0.05%
	AEP	D	0.1%	0.1%	0.1%
	AES	F	0.02%	0.02%	0.02%
	AFL	B	0.11%	0.11%	0.11%
	AIG	B	0.09%	0.1%	0.09%
	AJG	B	0.12%	0.13%	0.12%
	AKAM	D	0.03%	0.03%	0.03%
	ALB	C	0.02%	0.02%	0.02%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.1%	0.1%	0.1%
	ALLE	D	0.02%	0.02%	0.02%
	AMAT	F	0.27%	0.31%	0.27%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.43%	0.45%	0.43%
	AME	A	0.09%	0.09%	0.09%
	AMGN	D	0.3%	0.32%	0.3%
	AMP	A	0.11%	0.11%	0.11%
	AMT	D	0.18%	0.18%	0.18%
	AMZN	C	3.73%	3.92%	3.73%
	ANET	C	0.19%	0.2%	0.19%
	ANSS	B	0.06%	0.06%	0.06%
	AON	A	0.16%	0.16%	0.16%
	APA	D	0.02%	0.02%	0.02%
	APD	A	0.14%	0.14%	0.14%
	APH	A	0.16%	0.17%	0.16%
	APTV	D	0.02%	0.03%	0.02%
	ARE	D	0.03%	0.03%	0.03%
	ATO	A	0.04%	0.04%	0.04%
	AVB	B	0.06%	0.06%	0.06%
	AVGO	D	1.44%	1.58%	1.44%
	AVY	D	0.03%	0.03%	0.03%
	AWK	D	0.05%	0.05%	0.05%
	AXON	A	0.08%	0.09%	0.08%
	AXP	A	0.32%	0.32%	0.32%
	AZO	C	0.1%	0.11%	0.1%
	BA	F	0.21%	0.2%	0.2%
	BAC	A	0.6%	0.62%	0.6%
	BALL	D	0.04%	0.04%	0.04%
	BAX	D	0.03%	0.03%	0.03%
	BBY	D	0.03%	0.04%	0.03%
	BDX	F	0.13%	0.13%	0.13%
	BEN	C	0.01%	0.01%	0.01%
	BG	F	0.02%	0.02%	0.02%
	BIIB	F	0.04%	0.05%	0.04%
	BK	A	0.11%	0.11%	0.11%
	BKNG	A	0.32%	0.33%	0.32%
	BKR	B	0.09%	0.09%	0.09%
	BLDR	D	0.04%	0.04%	0.04%
	BLK	C	0.29%	0.29%	0.29%
	BMY	B	0.23%	0.24%	0.23%
	BR	A	0.05%	0.05%	0.05%
	BRK.A	B	1.64%	1.7%	1.64%
	BRO	B	0.05%	0.05%	0.05%
	BSX	B	0.26%	0.26%	0.26%
	BX	A	0.26%	0.26%	0.26%
	BXP	D	0.02%	0.02%	0.02%
	C	A	0.25%	0.26%	0.25%
	CAG	D	0.03%	0.03%	0.03%
	CAH	B	0.06%	0.06%	0.06%
	CARR	D	0.12%	0.13%	0.12%
	CAT	B	0.36%	0.37%	0.36%
	CB	C	0.21%	0.21%	0.21%
	CBRE	B	0.08%	0.08%	0.08%
	CCI	D	0.09%	0.09%	0.09%
	CCL	B	0.05%	0.05%	0.05%
	CDNS	B	0.16%	0.16%	0.16%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.02%	0.02%	0.02%
	CEG	D	0.14%	0.14%	0.14%
	CF	B	0.03%	0.03%	0.03%
	CFG	B	0.04%	0.04%	0.04%
	CHD	B	0.05%	0.05%	0.05%
	CHTR	C	0.07%	0.08%	0.07%
	CI	F	0.17%	0.18%	0.17%
	CINF	A	0.05%	0.05%	0.05%
	CL	D	0.15%	0.15%	0.15%
	CLX	B	0.04%	0.04%	0.04%
	CMCSA	B	0.32%	0.33%	0.32%
	CME	A	0.16%	0.16%	0.16%
	CMG	B	0.16%	0.16%	0.16%
	CMI	A	0.1%	0.1%	0.1%
	CMS	C	0.04%	0.04%	0.04%
	CNC	D	0.06%	0.06%	0.06%
	CNP	B	0.04%	0.04%	0.04%
	COF	B	0.13%	0.14%	0.13%
	COP	C	0.26%	0.26%	0.26%
	COR	B	0.08%	0.08%	0.08%
	COST	B	0.8%	0.81%	0.8%
	CPAY	A	0.05%	0.05%	0.05%
	CPB	D	0.02%	0.02%	0.02%
	CPRT	A	0.09%	0.1%	0.09%
	CPT	B	0.02%	0.03%	0.02%
	CRL	C	0.02%	0.02%	0.02%
	CRM	B	0.59%	0.64%	0.59%
	CRWD	B	0.16%	0.16%	0.16%
	CSCO	B	0.45%	0.46%	0.45%
	CSGP	D	0.06%	0.06%	0.06%
	CSX	B	0.13%	0.14%	0.13%
	CTAS	B	0.15%	0.15%	0.15%
	CTRA	B	0.04%	0.04%	0.04%
	CTSH	B	0.08%	0.08%	0.08%
	CTVA	C	0.08%	0.08%	0.08%
	CVS	D	0.14%	0.14%	0.14%
	CVX	A	0.53%	0.55%	0.53%
	D	C	0.09%	0.09%	0.09%
	DAL	C	0.08%	0.08%	0.08%
	DAY	B	0.02%	0.02%	0.02%
	DD	D	0.07%	0.07%	0.07%
	DE	A	0.2%	0.2%	0.2%
	DECK	A	0.05%	0.05%	0.05%
	DELL	C	0.07%	0.08%	0.07%
	DFS	B	0.08%	0.09%	0.08%
	DG	F	0.03%	0.03%	0.03%
	DGX	A	0.03%	0.03%	0.03%
	DHI	D	0.09%	0.1%	0.09%
	DHR	F	0.29%	0.31%	0.29%
	DIS	B	0.4%	0.39%	0.39%
	DLR	B	0.12%	0.11%	0.11%
	DLTR	F	0.03%	0.03%	0.03%
	DOC	D	0.03%	0.03%	0.03%
	DOV	A	0.05%	0.06%	0.05%
	DOW	F	0.06%	0.06%	0.06%
	DPZ	C	0.03%	0.03%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.05%	0.05%	0.05%
	DUK	C	0.17%	0.17%	0.17%
	DVN	F	0.05%	0.05%	0.05%
	DXCM	D	0.06%	0.06%	0.06%
	EA	A	0.08%	0.08%	0.08%
	EBAY	D	0.06%	0.06%	0.06%
	ECL	D	0.12%	0.12%	0.12%
	ED	D	0.07%	0.07%	0.07%
	EFX	F	0.06%	0.06%	0.06%
	EG	C	0.03%	0.03%	0.03%
	EIX	B	0.06%	0.06%	0.06%
	EL	F	0.03%	0.03%	0.03%
	ELV	F	0.18%	0.19%	0.18%
	EMN	D	0.02%	0.02%	0.02%
	EMR	A	0.14%	0.15%	0.14%
	ENPH	F	0.02%	0.02%	0.02%
	EOG	A	0.15%	0.15%	0.15%
	EPAM	C	0.03%	0.03%	0.03%
	EQIX	A	0.17%	0.17%	0.17%
	EQR	B	0.05%	0.05%	0.05%
	EQT	B	0.05%	0.05%	0.05%
	ES	D	0.04%	0.04%	0.04%
	ESS	B	0.04%	0.04%	0.04%
	ETN	A	0.28%	0.29%	0.28%
	ETR	B	0.06%	0.06%	0.06%
	EVRG	A	0.03%	0.03%	0.03%
	EW	C	0.08%	0.08%	0.08%
	EXC	C	0.07%	0.08%	0.07%
	EXPD	D	0.03%	0.03%	0.03%
	EXPE	B	0.04%	0.05%	0.04%
	EXR	D	0.07%	0.07%	0.07%
	F	C	0.08%	0.09%	0.08%
	FANG	D	0.06%	0.07%	0.06%
	FAST	B	0.09%	0.09%	0.09%
	FCX	D	0.12%	0.12%	0.12%
	FDS	B	0.03%	0.04%	0.03%
	FDX	B	0.13%	0.13%	0.13%
	FE	C	0.04%	0.04%	0.04%
	FFIV	B	0.03%	0.03%	0.03%
	FI	A	0.24%	0.24%	0.24%
	FICO	B	0.11%	0.11%	0.11%
	FIS	C	0.09%	0.1%	0.09%
	FITB	A	0.06%	0.06%	0.06%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	B	0.02%	0.02%	0.02%
	FSLR	F	0.04%	0.04%	0.04%
	FTNT	C	0.12%	0.12%	0.12%
	FTV	C	0.05%	0.05%	0.05%
	GD	F	0.13%	0.15%	0.13%
	GDDY	A	0.05%	0.05%	0.05%
	GE	D	0.37%	0.38%	0.37%
	GEHC	F	0.06%	0.08%	0.06%
	GEN	B	0.03%	0.03%	0.03%
	GEV	B	0.18%	0.18%	0.18%
	GILD	C	0.21%	0.23%	0.21%
	GIS	D	0.07%	0.07%	0.07%
	GLW	B	0.07%	0.07%	0.07%
	GM	B	0.12%	0.13%	0.12%
	GOOG	C	1.79%	1.69%	1.69%
	GOOGL	C	2.0%	2.04%	2.0%
	GPC	D	0.03%	0.03%	0.03%
	GPN	B	0.06%	0.06%	0.06%
	GRMN	B	0.06%	0.06%	0.06%
	GS	A	0.36%	0.37%	0.36%
	GWW	B	0.1%	0.1%	0.1%
	HAL	C	0.05%	0.05%	0.05%
	HBAN	A	0.05%	0.05%	0.05%
	HCA	F	0.12%	0.13%	0.12%
	HD	A	0.77%	0.8%	0.77%
	HES	B	0.08%	0.08%	0.08%
	HIG	B	0.07%	0.07%	0.07%
	HII	D	0.01%	0.02%	0.01%
	HLT	A	0.12%	0.12%	0.12%
	HOLX	D	0.04%	0.04%	0.04%
	HON	B	0.29%	0.3%	0.29%
	HPE	B	0.05%	0.06%	0.05%
	HPQ	B	0.07%	0.07%	0.07%
	HRL	D	0.02%	0.02%	0.02%
	HST	C	0.02%	0.02%	0.02%
	HSY	F	0.05%	0.05%	0.05%
	HUBB	B	0.05%	0.05%	0.05%
	HUM	C	0.07%	0.07%	0.07%
	HWM	A	0.09%	0.09%	0.09%
	IBM	C	0.38%	0.38%	0.38%
	ICE	C	0.17%	0.18%	0.17%
	IDXX	F	0.07%	0.07%	0.07%
	IEX	B	0.03%	0.03%	0.03%
	IFF	D	0.04%	0.05%	0.04%
	INCY	C	0.02%	0.02%	0.02%
	INTC	D	0.2%	0.21%	0.2%
	INTU	C	0.35%	0.39%	0.35%
	INVH	D	0.04%	0.04%	0.04%
	IP	B	0.04%	0.04%	0.04%
	IPG	D	0.02%	0.02%	0.02%
	IQV	D	0.07%	0.07%	0.07%
	IR	B	0.08%	0.08%	0.08%
	IRM	D	0.07%	0.07%	0.07%
	ISRG	A	0.37%	0.38%	0.37%
	IT	C	0.08%	0.08%	0.08%
	ITW	B	0.15%	0.14%	0.14%
	J	F	0.03%	0.04%	0.03%
	JBHT	C	0.03%	0.03%	0.03%
	JCI	C	0.11%	0.11%	0.11%
	JKHY	D	0.02%	0.02%	0.02%
	JNJ	D	0.71%	0.73%	0.71%
	JNPR	F	0.02%	0.03%	0.02%
	JPM	A	1.33%	1.37%	1.33%
	K	A	0.04%	0.04%	0.04%
	KDP	D	0.07%	0.07%	0.07%
	KEY	B	0.03%	0.04%	0.03%
	KEYS	A	0.06%	0.05%	0.05%
	KHC	F	0.05%	0.06%	0.05%
	KIM	A	0.03%	0.03%	0.03%
	KKR	A	0.2%	0.2%	0.2%
	KLAC	D	0.16%	0.17%	0.16%
	KMB	D	0.09%	0.09%	0.09%
	KMI	A	0.11%	0.1%	0.1%
	KMX	B	0.02%	0.02%	0.02%
	KO	D	0.48%	0.48%	0.48%
	KR	B	0.08%	0.08%	0.08%
	KVUE	A	0.08%	0.09%	0.08%
	L	A	0.03%	0.03%	0.03%
	LDOS	C	0.04%	0.04%	0.04%
	LEN	D	0.0%	0.08%	0.0%
	LEN	D	0.08%	0.08%	0.08%
	LH	C	0.04%	0.04%	0.04%
	LHX	C	0.09%	0.09%	0.09%
	LIN	D	0.42%	0.43%	0.42%
	LKQ	D	0.02%	0.02%	0.02%
	LLY	F	1.23%	1.23%	1.23%
	LMT	D	0.22%	0.23%	0.22%
	LNT	A	0.03%	0.03%	0.03%
	LOW	D	0.29%	0.31%	0.29%
	LRCX	F	0.18%	0.19%	0.18%
	LULU	C	0.07%	0.08%	0.07%
	LUV	C	0.04%	0.04%	0.04%
	LVS	C	0.04%	0.03%	0.03%
	LW	C	0.02%	0.02%	0.02%
	LYB	F	0.04%	0.04%	0.04%
	LYV	A	0.04%	0.04%	0.04%
	MA	C	0.81%	0.85%	0.81%
	MAA	B	0.04%	0.04%	0.04%
	MAR	B	0.13%	0.13%	0.13%
	MAS	D	0.03%	0.03%	0.03%
	MCD	D	0.41%	0.43%	0.41%
	MCHP	D	0.07%	0.07%	0.07%
	MCK	B	0.16%	0.16%	0.16%
	MCO	B	0.15%	0.15%	0.15%
	MDLZ	F	0.17%	0.17%	0.17%
	MDT	D	0.21%	0.22%	0.21%
	MET	A	0.1%	0.1%	0.1%
	META	D	2.4%	2.5%	2.4%
	MGM	D	0.02%	0.02%	0.02%
	MKC	D	0.04%	0.04%	0.04%
	MLM	B	0.07%	0.07%	0.07%
	MMC	B	0.21%	0.22%	0.21%
	MMM	D	0.14%	0.14%	0.14%
	MNST	C	0.07%	0.08%	0.07%
	MO	A	0.19%	0.19%	0.19%
	MOH	F	0.03%	0.04%	0.03%
	MOS	F	0.02%	0.02%	0.02%
	MPC	D	0.11%	0.11%	0.11%
	MPWR	F	0.05%	0.06%	0.05%
	MRK	F	0.48%	0.5%	0.48%
	MRNA	F	0.02%	0.03%	0.02%
	MRO	B	0.03%	0.03%	0.03%
	MS	A	0.32%	0.33%	0.32%
	MSCI	C	0.09%	0.09%	0.09%
	MSFT	F	5.99%	6.3%	5.99%
	MSI	B	0.16%	0.16%	0.16%
	MTB	A	0.07%	0.07%	0.07%
	MTD	D	0.05%	0.05%	0.05%
	MU	D	0.21%	0.22%	0.21%
	NDAQ	A	0.06%	0.06%	0.06%
	NEE	D	0.31%	0.31%	0.31%
	NEM	D	0.1%	0.09%	0.09%
	NFLX	A	0.73%	0.71%	0.71%
	NI	A	0.03%	0.03%	0.03%
	NKE	D	0.17%	0.18%	0.17%
	NOC	D	0.14%	0.14%	0.14%
	NOW	A	0.41%	0.43%	0.41%
	NRG	B	0.04%	0.04%	0.04%
	NSC	B	0.11%	0.12%	0.11%
	NTAP	C	0.05%	0.05%	0.05%
	NTRS	A	0.04%	0.04%	0.04%
	NUE	C	0.07%	0.07%	0.07%
	NVDA	C	6.71%	7.17%	6.71%
	NVR	D	0.05%	0.06%	0.05%
	NWS	B	0.01%	0.01%	0.01%
	NWSA	B	0.02%	0.02%	0.02%
	NXPI	D	0.11%	0.11%	0.11%
	O	D	0.1%	0.1%	0.1%
	ODFL	B	0.08%	0.08%	0.08%
	OKE	A	0.13%	0.13%	0.13%
	OMC	C	0.04%	0.04%	0.04%
	ON	D	0.06%	0.06%	0.06%
	ORCL	B	0.59%	0.59%	0.59%
	ORLY	B	0.13%	0.14%	0.13%
	OTIS	C	0.08%	0.08%	0.08%
	OXY	D	0.06%	0.07%	0.06%
	PANW	C	0.25%	0.25%	0.25%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.09%	0.09%	0.09%
	PCAR	B	0.11%	0.12%	0.11%
	PCG	A	0.08%	0.09%	0.08%
	PEG	A	0.09%	0.09%	0.09%
	PEP	F	0.42%	0.45%	0.42%
	PFE	D	0.27%	0.29%	0.27%
	PFG	D	0.04%	0.04%	0.04%
	PG	A	0.78%	0.78%	0.78%
	PGR	A	0.29%	0.3%	0.29%
	PH	A	0.17%	0.18%	0.17%
	PHM	D	0.05%	0.05%	0.05%
	PKG	A	0.04%	0.04%	0.04%
	PLD	D	0.21%	0.21%	0.21%
	PLTR	B	0.24%	0.24%	0.24%
	PM	B	0.39%	0.4%	0.39%
	PNC	B	0.16%	0.16%	0.16%
	PNR	A	0.03%	0.03%	0.03%
	PODD	C	0.04%	0.04%	0.04%
	POOL	C	0.03%	0.03%	0.03%
	PPG	F	0.06%	0.06%	0.06%
	PPL	B	0.05%	0.05%	0.05%
	PRU	A	0.09%	0.09%	0.09%
	PSA	D	0.1%	0.1%	0.1%
	PSX	C	0.11%	0.11%	0.11%
	PTC	A	0.04%	0.05%	0.04%
	PWR	A	0.09%	0.09%	0.09%
	PYPL	B	0.17%	0.17%	0.17%
	QCOM	F	0.33%	0.36%	0.33%
	QRVO	F	0.01%	0.01%	0.01%
	RCL	A	0.11%	0.11%	0.11%
	REG	B	0.02%	0.02%	0.02%
	REGN	F	0.15%	0.16%	0.15%
	RF	A	0.05%	0.05%	0.05%
	RJF	A	0.06%	0.06%	0.06%
	RMD	C	0.07%	0.07%	0.07%
	ROK	B	0.06%	0.06%	0.06%
	ROL	B	0.03%	0.03%	0.03%
	ROP	B	0.11%	0.12%	0.11%
	ROST	C	0.09%	0.09%	0.09%
	RSG	A	0.08%	0.08%	0.08%
	RTX	C	0.31%	0.31%	0.31%
	RVTY	F	0.03%	0.03%	0.03%
	SBAC	D	0.05%	0.05%	0.05%
	SBUX	A	0.22%	0.22%	0.22%
	SCHW	B	0.22%	0.24%	0.22%
	SHW	A	0.17%	0.18%	0.17%
	SJM	D	0.02%	0.02%	0.02%
	SLB	C	0.12%	0.12%	0.12%
	SMCI	F	0.02%	0.02%	0.02%
	SNA	A	0.04%	0.04%	0.04%
	SNPS	B	0.16%	0.17%	0.16%
	SO	D	0.19%	0.19%	0.19%
	SPG	B	0.11%	0.11%	0.11%
	SPGI	C	0.31%	0.32%	0.31%
	SRE	A	0.11%	0.11%	0.11%
	STE	F	0.04%	0.04%	0.04%
	STLD	B	0.04%	0.04%	0.04%
	STT	A	0.06%	0.06%	0.06%
	STX	D	0.04%	0.04%	0.04%
	STZ	D	0.08%	0.08%	0.08%
	SW	A	0.05%	0.05%	0.05%
	SWK	D	0.03%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.05%	0.05%	0.05%
	SYK	C	0.27%	0.26%	0.26%
	SYY	B	0.07%	0.07%	0.07%
	T	A	0.32%	0.32%	0.32%
	TAP	C	0.02%	0.02%	0.02%
	TDG	D	0.14%	0.14%	0.14%
	TDY	B	0.04%	0.04%	0.04%
	TECH	D	0.02%	0.02%	0.02%
	TER	D	0.03%	0.03%	0.03%
	TFC	A	0.12%	0.12%	0.12%
	TFX	F	0.02%	0.02%	0.02%
	TGT	F	0.11%	0.14%	0.11%
	TJX	A	0.26%	0.27%	0.26%
	TMO	F	0.38%	0.4%	0.38%
	TMUS	B	0.22%	0.23%	0.22%
	TRGP	B	0.09%	0.08%	0.08%
	TRMB	B	0.03%	0.03%	0.03%
	TROW	B	0.05%	0.05%	0.05%
	TRV	B	0.11%	0.12%	0.11%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	B	1.84%	1.72%	1.72%
	TSN	B	0.03%	0.04%	0.03%
	TT	A	0.18%	0.18%	0.18%
	TTWO	A	0.06%	0.06%	0.06%
	TXN	C	0.35%	0.37%	0.35%
	TXT	D	0.03%	0.03%	0.03%
	TYL	B	0.05%	0.05%	0.05%
	UAL	A	0.06%	0.06%	0.06%
	UBER	D	0.27%	0.3%	0.27%
	UDR	B	0.03%	0.03%	0.03%
	UHS	D	0.02%	0.02%	0.02%
	ULTA	F	0.03%	0.04%	0.03%
	UNH	C	1.07%	1.09%	1.07%
	UNP	C	0.28%	0.28%	0.28%
	UPS	C	0.19%	0.19%	0.19%
	URI	B	0.11%	0.11%	0.11%
	USB	A	0.15%	0.16%	0.15%
	V	A	1.0%	1.02%	1.0%
	VICI	C	0.06%	0.07%	0.06%
	VLO	C	0.09%	0.09%	0.09%
	VLTO	D	0.05%	0.05%	0.05%
	VMC	B	0.07%	0.07%	0.07%
	VRSK	A	0.08%	0.08%	0.08%
	VRSN	F	0.03%	0.03%	0.03%
	VRTX	F	0.23%	0.25%	0.23%
	VST	B	0.1%	0.09%	0.09%
	VTR	C	0.05%	0.05%	0.05%
	VTRS	A	0.03%	0.03%	0.03%
	VZ	C	0.34%	0.34%	0.34%
	WAB	B	0.07%	0.07%	0.07%
	WAT	B	0.04%	0.04%	0.04%
	WBA	F	0.01%	0.01%	0.01%
	WBD	C	0.04%	0.04%	0.04%
	WDC	D	0.04%	0.04%	0.04%
	WEC	A	0.06%	0.06%	0.06%
	WELL	A	0.16%	0.15%	0.15%
	WFC	A	0.49%	0.49%	0.49%
	WM	A	0.16%	0.16%	0.16%
	WMB	A	0.14%	0.13%	0.13%
	WMT	A	0.73%	0.73%	0.73%
	WRB	A	0.04%	0.04%	0.04%
	WST	C	0.04%	0.05%	0.04%
	WTW	B	0.06%	0.06%	0.06%
	WY	D	0.04%	0.04%	0.04%
	WYNN	D	0.02%	0.02%	0.02%
	XEL	A	0.07%	0.08%	0.07%
	XOM	B	1.04%	1.06%	1.04%
	XYL	D	0.06%	0.06%	0.06%
	YUM	B	0.07%	0.08%	0.07%
	ZBH	C	0.04%	0.04%	0.04%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	D	0.16%	0.16%	0.16%

BBUS Overweight 71 Positions Relative to SPY

	Symbol	Grade	Weight
	MELI	D	0.18%
	MRVL	B	0.15%
	APO	B	0.13%
	COIN	C	0.12%
	WDAY	B	0.11%
	TTD	B	0.11%
	SQ	B	0.1%
	VRT	B	0.1%
	LNG	B	0.1%
	DASH	A	0.1%
	TEAM	A	0.08%
	DDOG	A	0.08%
	SNOW	C	0.08%
	HUBS	A	0.07%
	CPNG	D	0.06%
	NET	B	0.06%
	VEEV	C	0.06%
	ALNY	D	0.06%
	ARES	A	0.06%
	LPLA	A	0.05%
	RBLX	C	0.05%
	FCNCA	A	0.05%
	TPL	A	0.05%
	ZS	C	0.04%
	BAH	F	0.04%
	WSO	A	0.04%
	TRU	D	0.04%
	ZM	B	0.04%
	LII	A	0.04%
	MDB	C	0.04%
	ILMN	D	0.04%
	MKL	A	0.04%
	AVTR	F	0.03%
	DT	C	0.03%
	EQH	B	0.03%
	EWBC	A	0.03%
	RGA	A	0.03%
	ENTG	D	0.03%
	FNF	B	0.03%
	SUI	D	0.03%
	SSNC	B	0.03%
	DOCU	A	0.03%
	FLEX	A	0.03%
	HEI	B	0.03%
	TWLO	A	0.03%
	OC	A	0.03%
	BURL	A	0.03%
	PINS	D	0.03%
	SCCO	F	0.02%
	EXAS	D	0.02%
	CNH	C	0.02%
	AFG	A	0.02%
	RPRX	D	0.02%
	CCK	C	0.02%
	CG	A	0.02%
	SNAP	C	0.02%
	HEI	B	0.02%
	BMRN	D	0.02%
	OKTA	C	0.02%
	WPC	D	0.02%
	NBIX	C	0.02%
	Z	A	0.02%
	ELS	C	0.02%
	ZG	A	0.01%
	WLK	D	0.01%
	SIRI	C	0.01%
	BSY	D	0.01%
	U	C	0.01%
	CRBG	B	0.01%
	ACI	C	0.01%
	AGR	B	0.0%

BBUS Underweight 27 Positions Relative to SPY

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

BBUS: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Business Services Diagnostics & Research Semiconductors Asset Management Aerospace & Defense Banks - Regional - US Oil & Gas E&P Biotechnology Capital Markets Drug Manufacturers - Major Insurance - Property & Casualty Packaged Foods REIT - Residential Software - Infrastructure Specialty Chemicals Specialty Retail Medical Devices

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Bank Chemical Aerospace Medicine Real Estate Investment Trust Telecommunications Banking Cloud Computing Mobile Devices Semiconductor Mining Insurance Products

SPY: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank