EUSA vs. SSPY ETF Comparison

Comparison of iShares MSCI USA Index Fund (EUSA) to Syntax Stratified LargeCap ETF (SSPY)

EUSA

iShares MSCI USA Index Fund

EUSA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI USA Index (the "underlying index"). The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is a market capitalization-weighted index designed to measure the performance of equity securities in the top 85% by market capitalization of equity securities listed on stock exchanges in the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$100.97

Average Daily Volume

44,023

Number of Holdings ^*

591

* may have additional holdings in another (foreign) market

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

Performance

Period	EUSA	SSPY
30 Days	5.56%	4.23%
60 Days	6.51%	1.79%
90 Days	8.86%	3.72%
12 Months	32.13%	23.81%

485 Overlapping Holdings

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

EUSA Overweight 106 Positions Relative to SSPY

	Symbol	Grade	Weight
	APP	B	0.58%
	MSTR	C	0.51%
	VRT	B	0.29%
	HOOD	B	0.28%
	TOST	B	0.28%
	TPL	A	0.27%
	APO	B	0.26%
	COIN	C	0.26%
	TEAM	A	0.25%
	TWLO	A	0.25%
	LPLA	A	0.23%
	SQ	B	0.23%
	Z	A	0.22%
	DASH	A	0.22%
	EME	C	0.22%
	DOCU	A	0.22%
	HUBS	A	0.22%
	ZM	B	0.21%
	EXE	B	0.21%
	DKNG	B	0.2%
	CG	A	0.2%
	FLUT	A	0.2%
	IOT	A	0.2%
	RBLX	C	0.2%
	MRVL	B	0.2%
	NET	B	0.19%
	ROKU	D	0.19%
	ARES	A	0.19%
	SEIC	B	0.19%
	LNG	B	0.19%
	OC	A	0.19%
	FCNCA	A	0.18%
	WSO	A	0.18%
	ACM	A	0.18%
	MDB	C	0.18%
	AZPN	A	0.18%
	CNH	C	0.18%
	DDOG	A	0.18%
	TW	A	0.18%
	TTD	B	0.18%
	CRH	A	0.18%
	RPM	A	0.18%
	MANH	D	0.17%
	FNF	B	0.17%
	KNX	B	0.17%
	OVV	B	0.17%
	VEEV	C	0.17%
	H	B	0.17%
	GGG	B	0.17%
	MKL	A	0.17%
	CSL	C	0.17%
	LII	A	0.17%
	SNAP	C	0.17%
	RS	B	0.17%
	WDAY	B	0.17%
	AFG	A	0.17%
	SSNC	B	0.16%
	SNOW	C	0.16%
	ELS	C	0.16%
	WTRG	B	0.16%
	WSM	B	0.16%
	BIO	D	0.16%
	WCN	A	0.16%
	CCK	C	0.16%
	ILMN	D	0.16%
	COO	D	0.16%
	FWONK	B	0.16%
	DT	C	0.16%
	NLY	C	0.16%
	TRU	D	0.16%
	BURL	A	0.16%
	GLPI	C	0.16%
	UTHR	C	0.16%
	ZS	C	0.16%
	PINS	D	0.15%
	BSY	D	0.15%
	ACI	C	0.15%
	SUI	D	0.15%
	FBIN	D	0.15%
	RPRX	D	0.15%
	MELI	D	0.15%
	WPC	D	0.15%
	AMH	D	0.15%
	EQH	B	0.15%
	FERG	B	0.15%
	CHRD	D	0.14%
	ALLY	C	0.14%
	DINO	D	0.14%
	ENTG	D	0.14%
	WLK	D	0.14%
	DKS	C	0.14%
	TTC	D	0.14%
	BAH	F	0.14%
	UHAL	D	0.14%
	EXAS	D	0.14%
	NBIX	C	0.13%
	PSTG	D	0.13%
	ALNY	D	0.13%
	OKTA	C	0.12%
	AVTR	F	0.12%
	RIVN	F	0.12%
	LRCX	F	0.12%
	CELH	F	0.11%
	HEI	B	0.11%
	BMRN	D	0.1%
	HEI	B	0.08%

EUSA Underweight 15 Positions Relative to SSPY

	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%
	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%

EUSA: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Chemical Telecommunications Aerospace Real Estate Investment Trust Medicine Bank Semiconductor Cloud Computing Banking Mining IBD 50 Insurance Products

SSPY: 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 Aerospace Chemical Medicine Real Estate Investment Trust Telecommunications Bank Banking Semiconductor Insurance Products Petroleum Industry Transport Investment Bank