MDIV vs. SSPY ETF Comparison

Comparison of Multi-Asset Diversified Income Index Fund (MDIV) to Syntax Stratified LargeCap ETF (SSPY)

MDIV

Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$16.80

Average Daily Volume

87,025

Number of Holdings ^*

103

* 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

$82.77

Average Daily Volume

2,246

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	MDIV	SSPY
30 Days	2.41%	5.49%
60 Days	2.09%	5.34%
90 Days	3.78%	4.72%
12 Months	18.60%	24.59%

38 Overlapping Holdings

Symbol	Grade	Weight in MDIV	Weight in SSPY	Overlap
AEP	D	0.31%	0.24%	0.24%
BMY	B	0.55%	0.25%	0.25%
CAG	D	0.38%	0.21%	0.21%
CVX	B	0.41%	0.76%	0.41%
DRI	B	0.36%	0.51%	0.36%
DUK	C	0.34%	0.07%	0.07%
DVN	F	0.36%	0.16%	0.16%
EIX	A	0.34%	0.25%	0.25%
ES	D	0.37%	0.07%	0.07%
ETR	B	0.44%	0.25%	0.25%
EVRG	A	0.44%	0.08%	0.08%
EXC	D	0.38%	0.3%	0.3%
FANG	F	0.47%	0.07%	0.07%
FE	D	0.35%	0.24%	0.24%
GILD	B	0.44%	0.25%	0.25%
GIS	D	0.3%	0.21%	0.21%
HST	C	0.83%	0.11%	0.11%
IBM	C	0.34%	0.34%	0.34%
IPG	C	0.34%	0.34%	0.34%
KHC	D	0.38%	0.21%	0.21%
KMB	C	0.31%	0.42%	0.31%
LYB	F	0.41%	0.07%	0.07%
MAA	B	0.57%	0.1%	0.1%
MDT	D	0.31%	0.06%	0.06%
OKE	C	0.51%	0.24%	0.24%
PNC	A	0.36%	0.06%	0.06%
PRU	A	0.4%	0.2%	0.2%
PSA	C	0.56%	0.11%	0.11%
REG	B	0.57%	0.06%	0.06%
SJM	D	0.33%	0.21%	0.21%
SPG	C	0.77%	0.07%	0.07%
T	A	0.6%	0.33%	0.33%
TROW	A	0.46%	0.09%	0.09%
VICI	C	0.71%	0.06%	0.06%
VTRS	B	0.39%	0.24%	0.24%
VZ	B	0.6%	0.33%	0.33%
WEC	A	0.37%	0.07%	0.07%
XEL	A	0.39%	0.08%	0.08%

MDIV Overweight 65 Positions Relative to SSPY

Symbol	Grade	Weight
HYLS	A	20.0%
IEP	F	1.51%
PMT	D	1.47%
ARLP	B	1.41%
DMLP	B	1.3%
BSM	B	1.28%
KRP	C	1.27%
DKL	D	1.2%
CAPL	D	1.17%
USAC	C	1.16%
AGNCN	A	1.09%
APLE	B	1.05%
LADR	B	1.03%
EPR	D	0.99%
GLP	A	0.96%
MPLX	B	0.95%
LTC	B	0.94%
CQP	B	0.92%
ET	B	0.91%
NRP	B	0.89%
WES	B	0.86%
GTY	A	0.84%
EPD	B	0.82%
FITBI	A	0.79%
GLPI	B	0.79%
CHSCO	B	0.78%
CHSCL	C	0.76%
SUN	C	0.74%
AAT	B	0.72%
CHSCN	D	0.72%
RZC	C	0.72%
PAA	B	0.71%
IIPR	D	0.71%
FCPT	C	0.71%
CHSCM	D	0.69%
PAGP	B	0.67%
NHI	D	0.65%
WU	D	0.64%
NNN	D	0.64%
BRX	A	0.63%
ALEX	B	0.62%
LAMR	C	0.61%
CTRE	D	0.6%
CDP	C	0.58%
CUBE	D	0.56%
CHRD	F	0.54%
ENLC	B	0.51%
DTM	B	0.45%
NWE	A	0.45%
GEL	F	0.44%
BKH	B	0.43%
AVA	B	0.43%
HMN	B	0.42%
PINC	B	0.42%
SR	A	0.42%
PNM	F	0.39%
OGS	A	0.38%
FLO	C	0.37%
POR	C	0.36%
MSM	C	0.36%
NJR	A	0.34%
FAF	B	0.33%
SON	D	0.32%
NFG	B	0.32%
NMM	D	0.05%

MDIV Underweight 462 Positions Relative to SSPY

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