IWS vs. SPXL ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Direxion Daily S&P 500 Bull 3X Shares (SPXL)

IWS

iShares Russell Mid-cap Value ETF

IWS Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Midcap Value Index (the "underlying index"), which measures the performance of the mid-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$138.56

Average Daily Volume

277,482

Number of Holdings ^*

707

* may have additional holdings in another (foreign) market

SPXL

Direxion Daily S&P 500 Bull 3X Shares

SPXL Description

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P 500® Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the S&P 500® Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a capitalization-weighted index composed of 500 domestic common stocks. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$179.10

Average Daily Volume

3,032,677

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	IWS	SPXL
30 Days	5.12%	8.03%
60 Days	5.58%	11.50%
90 Days	7.47%	15.40%
12 Months	31.67%	97.08%

281 Overlapping Holdings

	Symbol	Grade	Weight in IWS	Weight in SPXL	Overlap
	A	D	0.41%	0.05%	0.05%
	ACGL	D	0.4%	0.05%	0.05%
	ADM	D	0.28%	0.03%	0.03%
	AEE	A	0.27%	0.03%	0.03%
	AES	F	0.11%	0.01%	0.01%
	AFL	B	0.68%	0.07%	0.07%
	AIZ	A	0.13%	0.01%	0.01%
	AJG	B	0.65%	0.08%	0.08%
	AKAM	D	0.14%	0.02%	0.02%
	ALB	C	0.13%	0.02%	0.02%
	ALGN	F	0.08%	0.02%	0.02%
	ALL	A	0.48%	0.07%	0.07%
	ALLE	D	0.13%	0.02%	0.02%
	AMCR	D	0.16%	0.02%	0.02%
	AME	A	0.49%	0.06%	0.06%
	AMP	A	0.06%	0.07%	0.06%
	ANSS	B	0.32%	0.04%	0.04%
	AOS	F	0.1%	0.01%	0.01%
	APA	D	0.09%	0.01%	0.01%
	APTV	D	0.16%	0.02%	0.02%
	ARE	D	0.2%	0.02%	0.02%
	ATO	A	0.24%	0.03%	0.03%
	AVB	B	0.36%	0.04%	0.04%
	AVY	D	0.11%	0.02%	0.02%
	AWK	D	0.29%	0.03%	0.03%
	BALL	D	0.21%	0.02%	0.02%
	BAX	D	0.18%	0.02%	0.02%
	BBY	D	0.22%	0.02%	0.02%
	BEN	C	0.07%	0.01%	0.01%
	BG	F	0.14%	0.02%	0.02%
	BIIB	F	0.26%	0.03%	0.03%
	BK	A	0.64%	0.07%	0.07%
	BKR	B	0.47%	0.06%	0.06%
	BLDR	D	0.21%	0.03%	0.03%
	BR	A	0.03%	0.03%	0.03%
	BRO	B	0.16%	0.03%	0.03%
	BWA	D	0.09%	0.01%	0.01%
	BXP	D	0.14%	0.02%	0.02%
	CAG	D	0.14%	0.02%	0.02%
	CAH	B	0.13%	0.04%	0.04%
	CBOE	B	0.23%	0.03%	0.03%
	CBRE	B	0.44%	0.05%	0.05%
	CCI	D	0.5%	0.06%	0.06%
	CCL	B	0.27%	0.03%	0.03%
	CDW	F	0.13%	0.03%	0.03%
	CE	F	0.07%	0.01%	0.01%
	CF	B	0.18%	0.02%	0.02%
	CFG	B	0.23%	0.03%	0.03%
	CHD	B	0.29%	0.03%	0.03%
	CHRW	C	0.14%	0.02%	0.02%
	CHTR	C	0.4%	0.05%	0.05%
	CINF	A	0.26%	0.03%	0.03%
	CMI	A	0.54%	0.07%	0.07%
	CMS	C	0.22%	0.03%	0.03%
	CNC	D	0.33%	0.04%	0.04%
	CNP	B	0.21%	0.03%	0.03%
	CPB	D	0.09%	0.01%	0.01%
	CPT	B	0.14%	0.02%	0.02%
	CRL	C	0.11%	0.01%	0.01%
	CSGP	D	0.32%	0.04%	0.04%
	CTLT	B	0.12%	0.01%	0.01%
	CTRA	B	0.21%	0.02%	0.02%
	CTSH	B	0.42%	0.05%	0.05%
	CTVA	C	0.43%	0.05%	0.05%
	CZR	F	0.09%	0.01%	0.01%
	DAL	C	0.45%	0.05%	0.05%
	DAY	B	0.11%	0.02%	0.02%
	DD	D	0.38%	0.05%	0.05%
	DFS	B	0.48%	0.06%	0.06%
	DG	F	0.18%	0.02%	0.02%
	DGX	A	0.2%	0.02%	0.02%
	DHI	D	0.53%	0.06%	0.06%
	DLR	B	0.64%	0.07%	0.07%
	DLTR	F	0.14%	0.02%	0.02%
	DOC	D	0.16%	0.02%	0.02%
	DOV	A	0.3%	0.04%	0.04%
	DOW	F	0.34%	0.04%	0.04%
	DPZ	C	0.11%	0.02%	0.02%
	DRI	B	0.1%	0.03%	0.03%
	DTE	C	0.27%	0.03%	0.03%
	DVN	F	0.27%	0.03%	0.03%
	EA	A	0.47%	0.05%	0.05%
	EBAY	D	0.34%	0.04%	0.04%
	ED	D	0.37%	0.04%	0.04%
	EFX	F	0.27%	0.04%	0.04%
	EG	C	0.15%	0.02%	0.02%
	EIX	B	0.35%	0.04%	0.04%
	EMN	D	0.13%	0.02%	0.02%
	EPAM	C	0.13%	0.02%	0.02%
	EQR	B	0.31%	0.03%	0.03%
	EQT	B	0.26%	0.03%	0.03%
	ES	D	0.24%	0.03%	0.03%
	ESS	B	0.21%	0.03%	0.03%
	ETR	B	0.35%	0.04%	0.04%
	EVRG	A	0.16%	0.02%	0.02%
	EXC	C	0.43%	0.05%	0.05%
	EXPD	D	0.16%	0.02%	0.02%
	EXR	D	0.38%	0.05%	0.05%
	FANG	D	0.37%	0.04%	0.04%
	FAST	B	0.08%	0.06%	0.06%
	FDS	B	0.13%	0.02%	0.02%
	FE	C	0.26%	0.03%	0.03%
	FFIV	B	0.15%	0.02%	0.02%
	FICO	B	0.09%	0.07%	0.07%
	FIS	C	0.54%	0.06%	0.06%
	FITB	A	0.35%	0.04%	0.04%
	FMC	D	0.07%	0.01%	0.01%
	FOX	A	0.06%	0.01%	0.01%
	FOXA	B	0.12%	0.01%	0.01%
	FRT	B	0.1%	0.01%	0.01%
	FSLR	F	0.22%	0.03%	0.03%
	FTV	C	0.29%	0.03%	0.03%
	GEHC	F	0.37%	0.05%	0.05%
	GEN	B	0.18%	0.02%	0.02%
	GIS	D	0.39%	0.05%	0.05%
	GL	B	0.11%	0.01%	0.01%
	GLW	B	0.39%	0.05%	0.05%
	GNRC	B	0.06%	0.01%	0.01%
	GPC	D	0.19%	0.02%	0.02%
	GPN	B	0.33%	0.04%	0.04%
	GRMN	B	0.36%	0.04%	0.04%
	GWW	B	0.07%	0.07%	0.07%
	HAL	C	0.29%	0.03%	0.03%
	HAS	D	0.01%	0.01%	0.01%
	HBAN	A	0.28%	0.03%	0.03%
	HES	B	0.16%	0.05%	0.05%
	HIG	B	0.38%	0.04%	0.04%
	HII	D	0.08%	0.01%	0.01%
	HLT	A	0.33%	0.08%	0.08%
	HOLX	D	0.2%	0.02%	0.02%
	HPE	B	0.3%	0.04%	0.04%
	HPQ	A	0.3%	0.05%	0.05%
	HRL	D	0.09%	0.01%	0.01%
	HSIC	B	0.1%	0.01%	0.01%
	HST	C	0.13%	0.02%	0.02%
	HSY	F	0.24%	0.03%	0.03%
	HUBB	B	0.26%	0.03%	0.03%
	HUM	C	0.37%	0.04%	0.04%
	HWM	A	0.47%	0.06%	0.06%
	IEX	B	0.19%	0.02%	0.02%
	IFF	D	0.24%	0.03%	0.03%
	INCY	C	0.13%	0.02%	0.02%
	INVH	D	0.23%	0.02%	0.02%
	IP	B	0.22%	0.03%	0.03%
	IPG	D	0.11%	0.01%	0.01%
	IQV	D	0.34%	0.05%	0.05%
	IR	B	0.45%	0.05%	0.05%
	IRM	D	0.16%	0.04%	0.04%
	IVZ	B	0.07%	0.01%	0.01%
	J	F	0.19%	0.02%	0.02%
	JBHT	C	0.16%	0.02%	0.02%
	JBL	B	0.14%	0.02%	0.02%
	JKHY	D	0.14%	0.02%	0.02%
	JNPR	F	0.13%	0.02%	0.02%
	K	A	0.23%	0.03%	0.03%
	KEY	B	0.2%	0.02%	0.02%
	KEYS	A	0.29%	0.04%	0.04%
	KIM	A	0.18%	0.02%	0.02%
	KMI	A	0.58%	0.07%	0.07%
	KMX	B	0.13%	0.02%	0.02%
	KR	B	0.42%	0.05%	0.05%
	KVUE	A	0.5%	0.06%	0.06%
	L	A	0.17%	0.02%	0.02%
	LDOS	C	0.24%	0.03%	0.03%
	LEN	D	0.44%	0.05%	0.05%
	LEN	D	0.02%	0.05%	0.02%
	LH	C	0.22%	0.03%	0.03%
	LHX	C	0.51%	0.06%	0.06%
	LKQ	D	0.11%	0.01%	0.01%
	LNT	A	0.17%	0.02%	0.02%
	LUV	C	0.21%	0.03%	0.03%
	LW	C	0.08%	0.02%	0.02%
	LYB	F	0.24%	0.03%	0.03%
	MAA	B	0.2%	0.02%	0.02%
	MAS	D	0.19%	0.02%	0.02%
	MCHP	F	0.37%	0.05%	0.05%
	MGM	D	0.1%	0.01%	0.01%
	MHK	D	0.08%	0.01%	0.01%
	MKC	D	0.21%	0.02%	0.02%
	MKTX	D	0.11%	0.01%	0.01%
	MLM	B	0.37%	0.05%	0.05%
	MOH	F	0.07%	0.02%	0.02%
	MOS	F	0.09%	0.01%	0.01%
	MRO	B	0.18%	0.02%	0.02%
	MSCI	C	0.21%	0.06%	0.06%
	MTB	A	0.39%	0.05%	0.05%
	MTCH	D	0.09%	0.01%	0.01%
	MTD	D	0.27%	0.03%	0.03%
	NDAQ	A	0.36%	0.04%	0.04%
	NDSN	B	0.16%	0.02%	0.02%
	NI	A	0.18%	0.02%	0.02%
	NRG	B	0.12%	0.02%	0.02%
	NTAP	C	0.15%	0.03%	0.03%
	NTRS	A	0.24%	0.03%	0.03%
	NUE	C	0.39%	0.05%	0.05%
	NVR	D	0.28%	0.04%	0.04%
	NWS	A	0.04%	0.0%	0.0%
	NWSA	B	0.12%	0.01%	0.01%
	O	D	0.54%	0.06%	0.06%
	OKE	A	0.7%	0.08%	0.08%
	OMC	C	0.21%	0.03%	0.03%
	ON	D	0.31%	0.04%	0.04%
	OTIS	C	0.44%	0.05%	0.05%
	PARA	C	0.07%	0.01%	0.01%
	PAYC	B	0.05%	0.01%	0.01%
	PAYX	C	0.32%	0.06%	0.06%
	PCG	A	0.49%	0.06%	0.06%
	PEG	A	0.49%	0.06%	0.06%
	PFG	D	0.22%	0.02%	0.02%
	PHM	D	0.29%	0.04%	0.04%
	PKG	A	0.23%	0.03%	0.03%
	PNR	A	0.19%	0.02%	0.02%
	PNW	B	0.11%	0.01%	0.01%
	PPG	F	0.32%	0.04%	0.04%
	PPL	B	0.27%	0.03%	0.03%
	PRU	A	0.5%	0.06%	0.06%
	PTC	A	0.1%	0.03%	0.03%
	PWR	A	0.36%	0.06%	0.06%
	QRVO	F	0.07%	0.01%	0.01%
	RCL	A	0.39%	0.07%	0.07%
	REG	B	0.15%	0.02%	0.02%
	RF	A	0.27%	0.03%	0.03%
	RJF	A	0.33%	0.04%	0.04%
	RL	B	0.09%	0.01%	0.01%
	RMD	C	0.27%	0.04%	0.04%
	ROK	B	0.33%	0.04%	0.04%
	ROST	C	0.39%	0.06%	0.06%
	RVTY	F	0.15%	0.02%	0.02%
	SBAC	D	0.26%	0.03%	0.03%
	SJM	D	0.12%	0.02%	0.02%
	SNA	A	0.2%	0.02%	0.02%
	SOLV	C	0.1%	0.01%	0.01%
	SPG	B	0.48%	0.07%	0.07%
	STE	F	0.24%	0.03%	0.03%
	STLD	B	0.23%	0.03%	0.03%
	STT	A	0.32%	0.04%	0.04%
	SW	A	0.29%	0.03%	0.03%
	SWK	D	0.14%	0.02%	0.02%
	SWKS	F	0.15%	0.02%	0.02%
	SYF	B	0.28%	0.03%	0.03%
	SYY	B	0.16%	0.05%	0.05%
	TAP	C	0.12%	0.01%	0.01%
	TDY	B	0.24%	0.03%	0.03%
	TECH	D	0.12%	0.01%	0.01%
	TER	D	0.02%	0.02%	0.02%
	TFX	F	0.1%	0.01%	0.01%
	TPR	B	0.14%	0.02%	0.02%
	TRMB	B	0.19%	0.02%	0.02%
	TROW	B	0.29%	0.03%	0.03%
	TSN	B	0.2%	0.02%	0.02%
	TTWO	A	0.34%	0.04%	0.04%
	TXT	D	0.17%	0.02%	0.02%
	TYL	C	0.04%	0.03%	0.03%
	UAL	A	0.33%	0.04%	0.04%
	UDR	B	0.16%	0.02%	0.02%
	UHS	D	0.13%	0.02%	0.02%
	ULTA	F	0.03%	0.02%	0.02%
	URI	B	0.46%	0.07%	0.07%
	VICI	C	0.36%	0.04%	0.04%
	VLTO	D	0.15%	0.03%	0.03%
	VMC	B	0.3%	0.05%	0.05%
	VRSN	F	0.16%	0.02%	0.02%
	VTR	C	0.28%	0.03%	0.03%
	VTRS	A	0.17%	0.02%	0.02%
	WAB	B	0.38%	0.05%	0.05%
	WAT	B	0.09%	0.03%	0.03%
	WBA	F	0.07%	0.01%	0.01%
	WBD	C	0.25%	0.03%	0.03%
	WDC	D	0.23%	0.03%	0.03%
	WEC	A	0.34%	0.04%	0.04%
	WMB	A	0.76%	0.09%	0.09%
	WRB	A	0.2%	0.02%	0.02%
	WST	C	0.1%	0.03%	0.03%
	WTW	B	0.35%	0.04%	0.04%
	WY	D	0.25%	0.03%	0.03%
	WYNN	D	0.09%	0.01%	0.01%
	XEL	A	0.43%	0.05%	0.05%
	XYL	D	0.32%	0.04%	0.04%
	YUM	B	0.26%	0.05%	0.05%
	ZBH	C	0.25%	0.03%	0.03%
	ZBRA	B	0.17%	0.03%	0.03%

IWS Overweight 426 Positions Relative to SPXL

	Symbol	Grade	Weight
	MSTR	C	0.55%
	FERG	B	0.42%
	SQ	A	0.3%
	FCNCA	A	0.29%
	LNG	B	0.26%
	ZM	B	0.24%
	HOOD	B	0.24%
	EXE	B	0.24%
	ILMN	D	0.24%
	IBKR	A	0.21%
	COO	D	0.21%
	RS	B	0.2%
	WSO	A	0.2%
	CVNA	B	0.19%
	TRU	D	0.19%
	CSL	C	0.19%
	FNF	B	0.18%
	OC	A	0.18%
	MKL	A	0.18%
	RGA	A	0.17%
	SUI	D	0.17%
	TOL	B	0.17%
	SSNC	B	0.17%
	UTHR	C	0.17%
	EWBC	A	0.16%
	ACM	B	0.16%
	USFD	A	0.16%
	THC	D	0.16%
	GGG	B	0.16%
	TWLO	A	0.15%
	RPM	A	0.15%
	RNR	C	0.15%
	UNM	A	0.15%
	CW	B	0.15%
	EME	C	0.15%
	AVTR	F	0.15%
	ITT	A	0.14%
	COHR	B	0.14%
	CLH	B	0.14%
	AMH	D	0.14%
	GLPI	C	0.14%
	AFRM	A	0.14%
	ELS	C	0.14%
	SF	B	0.13%
	BJ	A	0.13%
	OVV	B	0.13%
	Z	A	0.13%
	SOFI	A	0.13%
	SCI	B	0.13%
	BMRN	D	0.13%
	FTI	A	0.13%
	NVT	B	0.13%
	NTNX	A	0.13%
	WPC	D	0.13%
	CASY	A	0.13%
	CCK	C	0.12%
	EVR	B	0.12%
	CUBE	D	0.12%
	FWONK	B	0.12%
	PFGC	B	0.12%
	ATR	B	0.12%
	AA	B	0.12%
	CG	A	0.12%
	FHN	A	0.12%
	RRX	B	0.12%
	DOX	D	0.11%
	CIEN	B	0.11%
	COIN	C	0.11%
	WTRG	B	0.11%
	WAL	B	0.11%
	EHC	B	0.11%
	ARMK	B	0.11%
	DTM	B	0.11%
	OHI	C	0.11%
	AFG	A	0.11%
	NLY	C	0.11%
	GME	C	0.11%
	AYI	B	0.11%
	RPRX	D	0.11%
	BLD	D	0.11%
	DKS	C	0.11%
	LAD	A	0.11%
	ALSN	B	0.11%
	WWD	B	0.11%
	WBS	A	0.11%
	PRI	A	0.11%
	CACI	D	0.11%
	TTEK	F	0.1%
	ZION	B	0.1%
	GWRE	A	0.1%
	ALLY	C	0.1%
	BRX	A	0.1%
	SNX	C	0.1%
	KNX	B	0.1%
	HLI	B	0.1%
	AAL	B	0.1%
	AR	B	0.1%
	RBC	A	0.1%
	WCC	B	0.1%
	AXTA	A	0.1%
	TW	A	0.1%
	REXR	F	0.1%
	GMED	A	0.1%
	FBIN	D	0.1%
	RGLD	C	0.1%
	BWXT	B	0.1%
	DCI	B	0.1%
	CMA	A	0.1%
	INGR	B	0.1%
	JEF	A	0.1%
	ORI	A	0.1%
	BRBR	A	0.1%
	CNH	C	0.1%
	PNFP	B	0.1%
	FLS	B	0.09%
	G	B	0.09%
	ACI	C	0.09%
	CHRD	D	0.09%
	RRC	B	0.09%
	SEIC	B	0.09%
	SNV	B	0.09%
	X	C	0.09%
	APG	B	0.09%
	TKO	B	0.09%
	LECO	B	0.09%
	CFR	B	0.09%
	VOYA	B	0.09%
	LAMR	D	0.09%
	EGP	F	0.09%
	RIVN	F	0.09%
	GPK	C	0.09%
	NYT	C	0.09%
	TTC	D	0.09%
	CR	A	0.09%
	MTZ	B	0.09%
	JLL	D	0.09%
	FYBR	D	0.09%
	CBSH	A	0.09%
	OGE	B	0.09%
	WTFC	A	0.09%
	RLI	B	0.08%
	DAR	C	0.08%
	ELAN	D	0.08%
	FCN	D	0.08%
	MTSI	B	0.08%
	GXO	B	0.08%
	FND	C	0.08%
	R	B	0.08%
	SSD	D	0.08%
	FR	D	0.08%
	ATI	D	0.08%
	ESAB	B	0.08%
	GNTX	C	0.08%
	AGNC	D	0.08%
	OSK	B	0.08%
	VFC	C	0.08%
	BBWI	D	0.08%
	VNO	B	0.08%
	KBR	F	0.08%
	MIDD	C	0.08%
	CART	C	0.08%
	SKX	D	0.08%
	COKE	C	0.08%
	LBRDK	C	0.08%
	KEX	C	0.08%
	RHI	B	0.08%
	ROKU	D	0.08%
	PB	A	0.08%
	CHE	D	0.08%
	ADC	B	0.08%
	JAZZ	B	0.08%
	PR	B	0.08%
	BERY	B	0.08%
	NNN	D	0.08%
	LNC	B	0.07%
	WHR	B	0.07%
	VNT	B	0.07%
	IDA	A	0.07%
	RGEN	D	0.07%
	S	B	0.07%
	STWD	C	0.07%
	ARW	D	0.07%
	BPOP	B	0.07%
	BIO	D	0.07%
	COLD	D	0.07%
	OMF	A	0.07%
	MTDR	B	0.07%
	SAIC	F	0.07%
	MAT	D	0.07%
	NOV	C	0.07%
	SIRI	C	0.07%
	MSA	D	0.07%
	ESI	A	0.07%
	KD	B	0.07%
	MTG	C	0.07%
	CGNX	C	0.07%
	LSTR	D	0.07%
	BILL	A	0.07%
	OKTA	C	0.07%
	COLB	A	0.07%
	FAF	A	0.07%
	STAG	F	0.07%
	MKSI	C	0.07%
	HR	C	0.07%
	WEX	D	0.07%
	AZPN	A	0.07%
	DINO	D	0.07%
	HRB	D	0.07%
	AXS	A	0.07%
	VMI	B	0.07%
	ALK	C	0.07%
	WSM	B	0.07%
	WH	B	0.07%
	BYD	C	0.06%
	UGI	A	0.06%
	AL	B	0.06%
	BFAM	D	0.06%
	OZK	B	0.06%
	POST	C	0.06%
	SLM	A	0.06%
	CCCS	B	0.06%
	SN	D	0.06%
	LEA	D	0.06%
	EXAS	D	0.06%
	CRUS	D	0.06%
	BC	C	0.06%
	LITE	B	0.06%
	RITM	C	0.06%
	THO	B	0.06%
	NFG	A	0.06%
	OLLI	D	0.06%
	DOCS	C	0.06%
	PVH	C	0.06%
	H	B	0.06%
	WMS	D	0.06%
	SAIA	B	0.06%
	ONTO	D	0.06%
	JHG	A	0.06%
	THG	A	0.06%
	AMG	B	0.06%
	LFUS	F	0.06%
	AGCO	D	0.06%
	FNB	A	0.06%
	GTES	A	0.05%
	TPG	A	0.05%
	DLB	B	0.05%
	AN	C	0.05%
	WLK	D	0.05%
	M	D	0.05%
	GAP	B	0.05%
	KMPR	B	0.05%
	EEFT	B	0.05%
	SLGN	A	0.05%
	RYN	D	0.05%
	AWI	A	0.05%
	PSN	D	0.05%
	WSC	D	0.05%
	DBX	B	0.05%
	KRC	C	0.05%
	CUZ	B	0.05%
	AGO	B	0.05%
	ST	F	0.05%
	AVT	C	0.05%
	ROIV	C	0.05%
	CROX	D	0.05%
	FRPT	B	0.05%
	HXL	D	0.05%
	OLN	D	0.05%
	WTM	A	0.05%
	TKR	D	0.05%
	SON	D	0.05%
	SMG	D	0.04%
	HUN	F	0.04%
	AM	A	0.04%
	ZG	A	0.04%
	ALNY	D	0.04%
	EPR	D	0.04%
	HIW	D	0.04%
	MASI	A	0.04%
	ACHC	F	0.04%
	FHB	A	0.04%
	UHAL	D	0.04%
	IAC	D	0.04%
	PII	D	0.04%
	NVST	B	0.04%
	CLF	F	0.04%
	W	F	0.04%
	TNL	A	0.04%
	NWL	B	0.04%
	VNOM	A	0.04%
	PRGO	B	0.04%
	CIVI	D	0.04%
	XRAY	F	0.04%
	DNB	B	0.04%
	MDU	D	0.04%
	NEU	C	0.04%
	MSGS	A	0.04%
	DXC	B	0.04%
	PLNT	A	0.04%
	RH	B	0.04%
	OLED	D	0.04%
	MSM	C	0.04%
	OGN	D	0.04%
	ASH	D	0.04%
	LINE	F	0.04%
	SITE	D	0.04%
	HOG	D	0.04%
	FLO	D	0.04%
	GFS	C	0.04%
	HAYW	B	0.03%
	JWN	C	0.03%
	CWEN	C	0.03%
	YETI	C	0.03%
	PINC	B	0.03%
	ALGM	D	0.03%
	CPRI	F	0.03%
	SPB	C	0.03%
	EXP	A	0.03%
	MP	B	0.03%
	ENOV	C	0.03%
	HHH	B	0.03%
	MPW	F	0.03%
	AGR	B	0.03%
	CC	C	0.03%
	BOKF	B	0.03%
	WU	D	0.03%
	COTY	F	0.03%
	CXT	B	0.03%
	COLM	B	0.03%
	CNM	D	0.03%
	SEE	C	0.03%
	VIRT	B	0.03%
	ECG	C	0.03%
	U	C	0.03%
	AMED	F	0.03%
	AMKR	D	0.03%
	MAN	D	0.03%
	NSA	D	0.03%
	PAG	B	0.03%
	PK	B	0.03%
	IRDM	D	0.03%
	SNRE	D	0.03%
	LLYVK	A	0.03%
	BROS	B	0.03%
	NXST	C	0.03%
	SPR	D	0.03%
	AMTM	D	0.03%
	BHF	B	0.03%
	LOPE	B	0.03%
	VAC	B	0.03%
	PENN	C	0.03%
	ZI	D	0.03%
	TRIP	F	0.02%
	SNDR	B	0.02%
	REYN	D	0.02%
	LEG	F	0.02%
	FTRE	D	0.02%
	WEN	D	0.02%
	EXEL	B	0.02%
	UA	B	0.02%
	QS	F	0.02%
	CLVT	F	0.02%
	GO	C	0.02%
	BIRK	D	0.02%
	ALAB	B	0.02%
	VSTS	C	0.02%
	CNXC	F	0.02%
	CRI	D	0.02%
	UAA	C	0.02%
	PSTG	D	0.02%
	RKT	F	0.02%
	AZEK	A	0.02%
	PPC	C	0.02%
	LCID	F	0.02%
	ETSY	D	0.02%
	LBTYK	A	0.02%
	INFA	D	0.02%
	KSS	F	0.02%
	IPGP	D	0.02%
	QDEL	F	0.02%
	LYFT	C	0.02%
	LBTYA	A	0.02%
	BRKR	D	0.02%
	GLOB	B	0.02%
	SHC	F	0.02%
	AZTA	D	0.02%
	LPX	B	0.02%
	ADT	C	0.02%
	AAP	C	0.02%
	RCM	F	0.02%
	SAM	C	0.02%
	TXG	F	0.01%
	PLTK	B	0.01%
	CHH	A	0.01%
	DJT	C	0.01%
	CACC	D	0.01%
	SEB	F	0.01%
	PATH	C	0.01%
	TFSL	A	0.01%
	UI	A	0.01%
	WOLF	F	0.01%
	CWEN	C	0.01%
	LSCC	D	0.01%
	FIVE	F	0.01%
	HCP	B	0.01%
	MTN	C	0.01%
	CAR	C	0.01%
	CNA	B	0.01%
	LBRDA	C	0.01%
	FWONA	B	0.01%
	PYCR	C	0.01%
	AS	B	0.01%
	CERT	F	0.01%
	DV	C	0.01%
	LLYVA	A	0.01%
	NCNO	B	0.01%
	DDS	B	0.01%
	LOAR	A	0.0%
	PARAA	B	0.0%
	UWMC	D	0.0%
	SEG	B	0.0%
	NFE	D	0.0%
	UHAL	D	0.0%
	GRAL	C	0.0%
	LAZ	B	0.0%
	IONS	F	0.0%

IWS Underweight 219 Positions Relative to SPXL

	Symbol	Grade	Weight
	NVDA	C	-4.72%
	AAPL	C	-4.54%
	MSFT	F	-4.15%
	AMZN	C	-2.58%
	META	D	-1.65%
	GOOGL	C	-1.35%
	TSLA	B	-1.13%
	BRK.A	B	-1.12%
	GOOG	C	-1.11%
	AVGO	D	-1.04%
	JPM	A	-0.9%
	LLY	F	-0.81%
	UNH	C	-0.72%
	XOM	B	-0.7%
	V	A	-0.67%
	MA	C	-0.56%
	COST	B	-0.54%
	HD	A	-0.53%
	PG	A	-0.51%
	JNJ	D	-0.48%
	WMT	A	-0.48%
	NFLX	A	-0.47%
	CRM	B	-0.42%
	BAC	A	-0.41%
	ORCL	B	-0.39%
	ABBV	D	-0.39%
	CVX	A	-0.36%
	MRK	F	-0.33%
	KO	D	-0.32%
	WFC	A	-0.32%
	CSCO	B	-0.31%
	ADBE	C	-0.31%
	PEP	F	-0.3%
	ACN	C	-0.3%
	LIN	D	-0.29%
	AMD	F	-0.29%
	NOW	A	-0.28%
	MCD	D	-0.28%
	TMO	F	-0.27%
	INTU	C	-0.26%
	DIS	B	-0.26%
	PM	B	-0.26%
	ABT	B	-0.26%
	CAT	B	-0.25%
	TXN	C	-0.25%
	ISRG	A	-0.25%
	IBM	C	-0.25%
	GE	D	-0.25%
	QCOM	F	-0.24%
	GS	A	-0.24%
	VZ	C	-0.23%
	MS	A	-0.22%
	BKNG	A	-0.22%
	CMCSA	B	-0.22%
	RTX	C	-0.21%
	AMGN	D	-0.21%
	T	A	-0.21%
	AXP	A	-0.21%
	SPGI	C	-0.21%
	UBER	D	-0.2%
	HON	B	-0.2%
	PGR	A	-0.2%
	DHR	F	-0.2%
	AMAT	F	-0.2%
	LOW	D	-0.2%
	NEE	D	-0.2%
	UNP	C	-0.19%
	ETN	A	-0.19%
	BLK	C	-0.19%
	PFE	D	-0.19%
	TJX	A	-0.18%
	PANW	C	-0.17%
	BSX	B	-0.17%
	C	A	-0.17%
	BX	A	-0.17%
	COP	C	-0.17%
	SYK	C	-0.17%
	BMY	B	-0.16%
	PLTR	B	-0.16%
	SCHW	B	-0.16%
	FI	A	-0.16%
	ADP	B	-0.16%
	VRTX	F	-0.16%
	SBUX	A	-0.15%
	LMT	D	-0.15%
	GILD	C	-0.15%
	TMUS	B	-0.15%
	ADI	D	-0.14%
	PLD	D	-0.14%
	INTC	D	-0.14%
	CB	C	-0.14%
	MMC	B	-0.14%
	MU	D	-0.14%
	MDT	D	-0.14%
	UPS	C	-0.13%
	LRCX	F	-0.13%
	ANET	C	-0.13%
	BA	F	-0.13%
	DE	A	-0.13%
	KKR	A	-0.13%
	PH	A	-0.12%
	GEV	B	-0.12%
	ICE	C	-0.12%
	SHW	A	-0.12%
	CI	F	-0.12%
	NKE	D	-0.12%
	AMT	D	-0.12%
	TT	A	-0.12%
	ELV	F	-0.12%
	MO	A	-0.12%
	SO	D	-0.12%
	CME	A	-0.11%
	WM	A	-0.11%
	AON	A	-0.11%
	CMG	B	-0.11%
	MSI	B	-0.11%
	PNC	B	-0.11%
	CDNS	B	-0.11%
	REGN	F	-0.11%
	SNPS	B	-0.11%
	EQIX	A	-0.11%
	DUK	C	-0.11%
	KLAC	D	-0.11%
	APH	A	-0.11%
	MDLZ	F	-0.11%
	PYPL	B	-0.11%
	MMM	D	-0.1%
	ITW	B	-0.1%
	EMR	A	-0.1%
	CTAS	B	-0.1%
	CL	D	-0.1%
	GD	F	-0.1%
	MCO	B	-0.1%
	EOG	A	-0.1%
	WELL	A	-0.1%
	USB	A	-0.1%
	ZTS	D	-0.1%
	MCK	B	-0.1%
	CRWD	B	-0.1%
	BDX	F	-0.09%
	MAR	B	-0.09%
	FDX	B	-0.09%
	ADSK	A	-0.09%
	NOC	D	-0.09%
	CSX	B	-0.09%
	CVS	D	-0.09%
	COF	B	-0.09%
	APD	A	-0.09%
	CEG	D	-0.09%
	TGT	F	-0.09%
	ORLY	B	-0.09%
	TDG	D	-0.09%
	TRV	B	-0.08%
	ABNB	C	-0.08%
	NSC	B	-0.08%
	FTNT	C	-0.08%
	PCAR	B	-0.08%
	ROP	B	-0.08%
	SLB	C	-0.08%
	TFC	A	-0.08%
	FCX	D	-0.08%
	ECL	D	-0.08%
	CARR	D	-0.08%
	HCA	F	-0.08%
	GM	B	-0.08%
	AEP	D	-0.07%
	CPRT	A	-0.07%
	PSA	D	-0.07%
	MPC	D	-0.07%
	AZO	C	-0.07%
	PSX	C	-0.07%
	JCI	C	-0.07%
	NXPI	D	-0.07%
	SRE	A	-0.07%
	ODFL	B	-0.06%
	COR	B	-0.06%
	RSG	A	-0.06%
	F	C	-0.06%
	AXON	A	-0.06%
	KMB	D	-0.06%
	VLO	C	-0.06%
	NEM	D	-0.06%
	D	C	-0.06%
	VST	B	-0.06%
	MET	A	-0.06%
	AIG	B	-0.06%
	IDXX	F	-0.05%
	KDP	D	-0.05%
	STZ	D	-0.05%
	LULU	C	-0.05%
	DELL	C	-0.05%
	MNST	C	-0.05%
	EW	C	-0.05%
	VRSK	A	-0.05%
	IT	C	-0.05%
	TRGP	B	-0.05%
	DECK	A	-0.04%
	KHC	F	-0.04%
	MPWR	F	-0.04%
	TSCO	D	-0.04%
	DXCM	D	-0.04%
	OXY	D	-0.04%
	LYV	A	-0.03%
	STX	D	-0.03%
	CLX	B	-0.03%
	EXPE	B	-0.03%
	CPAY	A	-0.03%
	GDDY	A	-0.03%
	NCLH	B	-0.02%
	MRNA	F	-0.02%
	POOL	C	-0.02%
	ROL	B	-0.02%
	EL	F	-0.02%
	LVS	C	-0.02%
	PODD	C	-0.02%
	DVA	B	-0.01%
	ENPH	F	-0.01%
	SMCI	F	-0.01%
	ERIE	D	-0.01%

IWS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Software - Application Utilities - Regulated Electric Oil & Gas E&P Diagnostics & Research Asset Management Packaged Foods Packaging & Containers Specialty Retail Biotechnology Business Services Software - Infrastructure Information Technology Services REIT - Residential Semiconductors Specialty Chemicals Capital Markets Insurance - Property & Casualty Building Materials

Keywords: S&P 500 Natural Gas Real Estate Investment Trust Insurance Nasdaq 100 Bank Banking Electronics Computing Aerospace Chemical Electricity Mining Telecommunications Insurance Products Semiconductor Beverage Biotechnology Oil And Gas Plastic

SPXL: 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