ONOF vs. SPXV ETF Comparison

Comparison of Global X Adaptive U.S. Risk Management ETF (ONOF) to ProShares S&P 500 Ex-Health Care ETF (SPXV)

ONOF

Global X Adaptive U.S. Risk Management ETF

ONOF Description

The investment seeks investment results that correspond generally to the price and yield performance of the Adaptive Wealth Strategies U.S. Risk Management Index. The fund invests at least 80% of its total assets in the securities of the index or in investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities, either individually or in the aggregate. The index is designed to dynamically allocate between either 100% exposure to the Solactive GBS United States 500 Index TR or 100% exposure to a portfolio of U.S. Treasuries with 1-3 years remaining to maturity. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.25

Average Daily Volume

8,836

Number of Holdings ^*

494

* may have additional holdings in another (foreign) market

SPXV

ProShares S&P 500 Ex-Health Care ETF

SPXV Description

The investment seeks investment results, before fees and expenses that track the performance of the S&P 500® Ex-Health Care Index (the "index"). Under normal circumstances, the fund will invest at least 80% of its total assets in component securities. The index seeks to provide exposure to the companies of the S&P 500® Index (the "S&P 500®") with the exception of those companies included in the Health Care Sector.

Grade (RS Rating)

Last Trade

$61.39

Average Daily Volume

497

Number of Holdings ^*

439

* may have additional holdings in another (foreign) market

Performance

Period	ONOF	SPXV
30 Days	4.66%	5.25%
60 Days	6.48%	12.32%
90 Days	-1.22%	3.36%
12 Months	21.03%	39.43%

377 Overlapping Holdings

	Symbol	Grade	Weight in ONOF	Weight in SPXV	Overlap
	AAPL	C	6.71%	8.02%	6.71%
	ABNB	D	0.11%	0.13%	0.11%
	ACGL	A	0.08%	0.1%	0.08%
	ACN	B	0.46%	0.52%	0.46%
	ADBE	F	0.47%	0.53%	0.47%
	ADI	B	0.23%	0.27%	0.23%
	ADM	F	0.06%	0.07%	0.06%
	ADP	A	0.23%	0.26%	0.23%
	ADSK	B	0.12%	0.14%	0.12%
	AEE	A	0.05%	0.05%	0.05%
	AEP	C	0.11%	0.12%	0.11%
	AFL	A	0.12%	0.13%	0.12%
	AIG	C	0.1%	0.11%	0.1%
	AJG	C	0.12%	0.14%	0.12%
	AKAM	D	0.03%	0.04%	0.03%
	ALL	A	0.1%	0.12%	0.1%
	AMAT	C	0.33%	0.4%	0.33%
	AMCR	C	0.03%	0.04%	0.03%
	AMD	C	0.53%	0.63%	0.53%
	AME	C	0.08%	0.09%	0.08%
	AMP	A	0.09%	0.11%	0.09%
	AMT	D	0.22%	0.25%	0.22%
	AMZN	C	3.67%	4.14%	3.67%
	ANET	A	0.19%	0.23%	0.19%
	ANSS	D	0.06%	0.07%	0.06%
	AON	A	0.14%	0.18%	0.14%
	APD	C	0.13%	0.15%	0.13%
	APH	D	0.16%	0.18%	0.16%
	APTV	D	0.04%	0.04%	0.04%
	ARE	D	0.04%	0.04%	0.04%
	ATO	A	0.04%	0.05%	0.04%
	AVB	C	0.07%	0.07%	0.07%
	AVGO	B	1.64%	1.92%	1.64%
	AVY	D	0.04%	0.04%	0.04%
	AWK	D	0.06%	0.06%	0.06%
	AXON	A	0.06%	0.07%	0.06%
	AXP	A	0.31%	0.35%	0.31%
	AZO	D	0.11%	0.13%	0.11%
	BA	F	0.18%	0.21%	0.18%
	BAC	B	0.55%	0.62%	0.55%
	BALL	C	0.04%	0.05%	0.04%
	BBY	C	0.04%	0.05%	0.04%
	BG	F	0.03%	0.03%	0.03%
	BK	A	0.11%	0.12%	0.11%
	BKNG	B	0.29%	0.34%	0.29%
	BKR	B	0.07%	0.08%	0.07%
	BLDR	C	0.05%	0.05%	0.05%
	BLK	A	0.28%	0.3%	0.28%
	BR	B	0.05%	0.06%	0.05%
	BRK.A	B	1.2%	1.93%	1.2%
	BRO	A	0.05%	0.06%	0.05%
	BX	C	0.22%	0.26%	0.22%
	BXP	B	0.02%	0.03%	0.02%
	C	B	0.23%	0.27%	0.23%
	CAG	D	0.03%	0.04%	0.03%
	CARR	A	0.13%	0.15%	0.13%
	CAT	A	0.38%	0.44%	0.38%
	CB	A	0.24%	0.25%	0.24%
	CBOE	B	0.05%	0.05%	0.05%
	CBRE	C	0.08%	0.09%	0.08%
	CCI	D	0.1%	0.12%	0.1%
	CCL	C	0.04%	0.04%	0.04%
	CDNS	D	0.15%	0.17%	0.15%
	CDW	D	0.06%	0.07%	0.06%
	CE	D	0.03%	0.04%	0.03%
	CEG	A	0.17%	0.19%	0.17%
	CF	A	0.03%	0.04%	0.03%
	CFG	C	0.04%	0.04%	0.04%
	CHD	D	0.05%	0.06%	0.05%
	CHTR	D	0.06%	0.07%	0.06%
	CINF	A	0.04%	0.05%	0.04%
	CL	D	0.18%	0.2%	0.18%
	CLX	C	0.05%	0.05%	0.05%
	CMCSA	B	0.32%	0.37%	0.32%
	CME	A	0.16%	0.18%	0.16%
	CMG	C	0.16%	0.18%	0.16%
	CMI	A	0.09%	0.1%	0.09%
	CMS	A	0.04%	0.05%	0.04%
	CNP	B	0.04%	0.04%	0.04%
	COF	A	0.11%	0.13%	0.11%
	COP	D	0.25%	0.28%	0.25%
	COST	C	0.82%	0.93%	0.82%
	CPAY	A	0.04%	0.05%	0.04%
	CPB	D	0.02%	0.02%	0.02%
	CPRT	B	0.09%	0.11%	0.09%
	CRM	B	0.53%	0.62%	0.53%
	CRWD	D	0.13%	0.15%	0.13%
	CSCO	A	0.44%	0.49%	0.44%
	CSGP	F	0.06%	0.07%	0.06%
	CSX	D	0.13%	0.15%	0.13%
	CTAS	C	0.15%	0.16%	0.15%
	CTRA	D	0.04%	0.04%	0.04%
	CTSH	B	0.08%	0.09%	0.08%
	CTVA	A	0.08%	0.09%	0.08%
	CVX	B	0.5%	0.56%	0.5%
	D	A	0.1%	0.11%	0.1%
	DAL	C	0.06%	0.08%	0.06%
	DD	C	0.07%	0.09%	0.07%
	DE	C	0.21%	0.24%	0.21%
	DECK	B	0.05%	0.06%	0.05%
	DELL	C	0.07%	0.08%	0.07%
	DFS	A	0.07%	0.08%	0.07%
	DG	F	0.04%	0.04%	0.04%
	DHI	C	0.11%	0.13%	0.11%
	DIS	D	0.35%	0.4%	0.35%
	DLR	C	0.11%	0.11%	0.11%
	DLTR	F	0.03%	0.03%	0.03%
	DOC	C	0.03%	0.04%	0.03%
	DOV	C	0.05%	0.06%	0.05%
	DOW	B	0.08%	0.09%	0.08%
	DRI	C	0.04%	0.05%	0.04%
	DTE	B	0.05%	0.06%	0.05%
	DUK	C	0.18%	0.21%	0.18%
	DVN	F	0.05%	0.05%	0.05%
	EA	D	0.07%	0.08%	0.07%
	EBAY	A	0.07%	0.07%	0.07%
	ECL	C	0.13%	0.15%	0.13%
	ED	C	0.07%	0.08%	0.07%
	EFX	D	0.07%	0.08%	0.07%
	EG	A	0.03%	0.04%	0.03%
	EIX	C	0.07%	0.08%	0.07%
	EL	D	0.04%	0.05%	0.04%
	EMR	B	0.12%	0.14%	0.12%
	ENPH	F	0.03%	0.04%	0.03%
	EOG	B	0.15%	0.16%	0.15%
	EQIX	C	0.17%	0.19%	0.17%
	EQR	C	0.05%	0.06%	0.05%
	EQT	C	0.03%	0.05%	0.03%
	ERIE	A	0.03%	0.03%	0.03%
	ES	D	0.05%	0.05%	0.05%
	ESS	D	0.04%	0.04%	0.04%
	ETN	B	0.27%	0.31%	0.27%
	ETR	A	0.06%	0.06%	0.06%
	EVRG	C	0.03%	0.03%	0.03%
	EXC	C	0.08%	0.09%	0.08%
	EXPD	D	0.04%	0.04%	0.04%
	EXPE	B	0.04%	0.04%	0.04%
	EXR	D	0.08%	0.09%	0.08%
	F	D	0.08%	0.1%	0.08%
	FANG	D	0.06%	0.07%	0.06%
	FAST	C	0.08%	0.1%	0.08%
	FCX	B	0.14%	0.17%	0.14%
	FDS	C	0.04%	0.04%	0.04%
	FDX	F	0.12%	0.14%	0.12%
	FE	C	0.05%	0.05%	0.05%
	FICO	C	0.1%	0.11%	0.1%
	FIS	A	0.09%	0.1%	0.09%
	FITB	C	0.06%	0.07%	0.06%
	FOX	B	0.01%	0.01%	0.01%
	FOXA	B	0.02%	0.02%	0.02%
	FSLR	C	0.06%	0.06%	0.06%
	FTNT	A	0.1%	0.11%	0.1%
	FTV	C	0.05%	0.06%	0.05%
	GD	C	0.14%	0.18%	0.14%
	GDDY	B	0.04%	0.05%	0.04%
	GE	B	0.42%	0.46%	0.42%
	GEV	A	0.14%	0.16%	0.14%
	GIS	C	0.09%	0.1%	0.09%
	GLW	C	0.07%	0.08%	0.07%
	GM	D	0.11%	0.12%	0.11%
	GOOG	B	1.75%	1.82%	1.75%
	GOOGL	B	1.95%	2.21%	1.95%
	GPC	D	0.04%	0.05%	0.04%
	GPN	F	0.05%	0.06%	0.05%
	GRMN	D	0.05%	0.06%	0.05%
	GS	B	0.32%	0.36%	0.32%
	GWW	B	0.08%	0.11%	0.08%
	HAL	D	0.05%	0.06%	0.05%
	HBAN	B	0.04%	0.05%	0.04%
	HD	A	0.81%	0.91%	0.81%
	HES	D	0.07%	0.08%	0.07%
	HIG	A	0.07%	0.08%	0.07%
	HLT	A	0.11%	0.13%	0.11%
	HON	C	0.28%	0.31%	0.28%
	HPE	B	0.05%	0.06%	0.05%
	HPQ	B	0.07%	0.08%	0.07%
	HRL	F	0.02%	0.02%	0.02%
	HSY	D	0.06%	0.07%	0.06%
	HUBB	A	0.05%	0.05%	0.05%
	HWM	A	0.08%	0.09%	0.08%
	IBM	A	0.42%	0.48%	0.42%
	ICE	A	0.19%	0.21%	0.19%
	IEX	D	0.03%	0.04%	0.03%
	IFF	D	0.05%	0.06%	0.05%
	INTC	D	0.21%	0.24%	0.21%
	INTU	F	0.35%	0.41%	0.35%
	INVH	D	0.04%	0.05%	0.04%
	IR	A	0.08%	0.09%	0.08%
	IRM	B	0.07%	0.08%	0.07%
	IT	A	0.09%	0.09%	0.09%
	ITW	C	0.16%	0.17%	0.16%
	J	F	0.04%	0.04%	0.04%
	JBHT	D	0.03%	0.03%	0.03%
	JBL	C	0.03%	0.03%	0.03%
	JCI	C	0.1%	0.12%	0.1%
	JPM	C	1.24%	1.38%	1.24%
	K	B	0.04%	0.05%	0.04%
	KDP	C	0.08%	0.09%	0.08%
	KEYS	B	0.05%	0.06%	0.05%
	KHC	F	0.06%	0.07%	0.06%
	KKR	A	0.18%	0.21%	0.18%
	KLAC	B	0.21%	0.25%	0.21%
	KMB	D	0.1%	0.11%	0.1%
	KMI	A	0.09%	0.1%	0.09%
	KO	C	0.57%	0.64%	0.57%
	KR	C	0.08%	0.09%	0.08%
	KVUE	C	0.09%	0.1%	0.09%
	L	C	0.03%	0.03%	0.03%
	LDOS	A	0.04%	0.05%	0.04%
	LEN	C	0.0%	0.1%	0.0%
	LEN	C	0.09%	0.1%	0.09%
	LHX	A	0.09%	0.1%	0.09%
	LIN	C	0.47%	0.54%	0.47%
	LMT	A	0.29%	0.28%	0.28%
	LNT	B	0.03%	0.04%	0.03%
	LOW	C	0.31%	0.35%	0.31%
	LRCX	D	0.22%	0.26%	0.22%
	LULU	D	0.06%	0.07%	0.06%
	LUV	B	0.03%	0.04%	0.03%
	LVS	B	0.03%	0.04%	0.03%
	LYB	B	0.05%	0.06%	0.05%
	LYV	A	0.03%	0.04%	0.03%
	MA	A	0.83%	0.94%	0.83%
	MAA	D	0.04%	0.04%	0.04%
	MAR	A	0.12%	0.14%	0.12%
	MCD	A	0.45%	0.5%	0.45%
	MCHP	F	0.08%	0.1%	0.08%
	MCO	D	0.15%	0.17%	0.15%
	MDLZ	D	0.2%	0.23%	0.2%
	MET	A	0.1%	0.11%	0.1%
	META	A	2.57%	2.87%	2.57%
	MGM	D	0.02%	0.02%	0.02%
	MKC	C	0.04%	0.05%	0.04%
	MLM	F	0.07%	0.08%	0.07%
	MMC	D	0.23%	0.25%	0.23%
	MMM	C	0.15%	0.18%	0.15%
	MNST	D	0.07%	0.08%	0.07%
	MO	D	0.18%	0.2%	0.18%
	MPC	D	0.12%	0.13%	0.12%
	MPWR	B	0.09%	0.11%	0.09%
	MRO	B	0.03%	0.03%	0.03%
	MS	A	0.27%	0.3%	0.27%
	MSCI	B	0.09%	0.1%	0.09%
	MSFT	D	6.51%	7.43%	6.51%
	MSI	A	0.15%	0.17%	0.15%
	MTB	A	0.06%	0.07%	0.06%
	MU	D	0.22%	0.28%	0.22%
	NDAQ	C	0.06%	0.07%	0.06%
	NDSN	C	0.03%	0.03%	0.03%
	NEE	C	0.35%	0.4%	0.35%
	NEM	C	0.13%	0.15%	0.13%
	NFLX	A	0.63%	0.71%	0.63%
	NKE	D	0.22%	0.25%	0.22%
	NOC	B	0.16%	0.17%	0.16%
	NOW	B	0.37%	0.42%	0.37%
	NSC	C	0.11%	0.13%	0.11%
	NTAP	D	0.05%	0.06%	0.05%
	NTRS	B	0.04%	0.04%	0.04%
	NUE	D	0.07%	0.08%	0.07%
	NVDA	B	6.0%	7.07%	6.0%
	NVR	C	0.06%	0.08%	0.06%
	O	C	0.11%	0.13%	0.11%
	ODFL	F	0.08%	0.09%	0.08%
	OKE	A	0.11%	0.12%	0.11%
	OMC	C	0.04%	0.05%	0.04%
	ON	F	0.06%	0.07%	0.06%
	ORCL	A	0.53%	0.62%	0.53%
	ORLY	A	0.14%	0.16%	0.14%
	OTIS	A	0.08%	0.1%	0.08%
	OXY	D	0.07%	0.08%	0.07%
	PANW	B	0.22%	0.25%	0.22%
	PAYX	B	0.09%	0.1%	0.09%
	PCAR	D	0.1%	0.12%	0.1%
	PCG	C	0.09%	0.1%	0.09%
	PEG	A	0.09%	0.1%	0.09%
	PEP	F	0.48%	0.54%	0.48%
	PFG	A	0.04%	0.04%	0.04%
	PG	D	0.83%	0.94%	0.83%
	PGR	B	0.31%	0.34%	0.31%
	PH	A	0.16%	0.19%	0.16%
	PHM	C	0.06%	0.07%	0.06%
	PLD	D	0.24%	0.27%	0.24%
	PLTR	A	0.15%	0.17%	0.15%
	PM	D	0.39%	0.43%	0.39%
	PNC	C	0.15%	0.17%	0.15%
	PPG	D	0.06%	0.07%	0.06%
	PPL	C	0.05%	0.06%	0.05%
	PRU	B	0.09%	0.1%	0.09%
	PSA	C	0.12%	0.13%	0.12%
	PSX	D	0.11%	0.13%	0.11%
	PTC	B	0.04%	0.05%	0.04%
	PWR	A	0.09%	0.1%	0.09%
	PYPL	A	0.17%	0.19%	0.17%
	QCOM	D	0.38%	0.45%	0.38%
	RCL	B	0.08%	0.1%	0.08%
	RF	B	0.04%	0.05%	0.04%
	RJF	B	0.05%	0.05%	0.05%
	ROK	D	0.06%	0.07%	0.06%
	ROL	C	0.03%	0.03%	0.03%
	ROP	D	0.12%	0.14%	0.12%
	ROST	D	0.1%	0.12%	0.1%
	RSG	D	0.09%	0.1%	0.09%
	RTX	A	0.33%	0.37%	0.33%
	SBAC	C	0.05%	0.06%	0.05%
	SBUX	B	0.22%	0.26%	0.22%
	SCHW	D	0.2%	0.22%	0.2%
	SHW	C	0.18%	0.21%	0.18%
	SLB	D	0.12%	0.14%	0.12%
	SMCI	F	0.05%	0.05%	0.05%
	SNPS	F	0.16%	0.18%	0.16%
	SO	A	0.2%	0.23%	0.2%
	SPG	A	0.11%	0.12%	0.11%
	SPGI	C	0.33%	0.38%	0.33%
	SRE	C	0.11%	0.12%	0.11%
	STLD	C	0.04%	0.04%	0.04%
	STT	A	0.05%	0.06%	0.05%
	STX	C	0.04%	0.05%	0.04%
	STZ	D	0.08%	0.09%	0.08%
	SW	C	0.05%	0.06%	0.05%
	SWK	C	0.03%	0.04%	0.03%
	SWKS	F	0.03%	0.04%	0.03%
	SYF	A	0.04%	0.04%	0.04%
	SYY	D	0.08%	0.09%	0.08%
	T	B	0.32%	0.36%	0.32%
	TDG	A	0.16%	0.19%	0.16%
	TDY	A	0.04%	0.05%	0.04%
	TEL	D	0.09%	0.11%	0.09%
	TER	C	0.04%	0.05%	0.04%
	TFC	D	0.11%	0.13%	0.11%
	TGT	C	0.15%	0.17%	0.15%
	TJX	D	0.28%	0.31%	0.28%
	TMUS	A	0.2%	0.23%	0.2%
	TRGP	A	0.07%	0.07%	0.07%
	TRMB	B	0.03%	0.03%	0.03%
	TROW	D	0.05%	0.06%	0.05%
	TRV	B	0.11%	0.12%	0.11%
	TSCO	A	0.06%	0.07%	0.06%
	TSLA	C	1.45%	1.63%	1.45%
	TSN	D	0.03%	0.04%	0.03%
	TT	A	0.18%	0.2%	0.18%
	TTWO	D	0.05%	0.06%	0.05%
	TXN	C	0.38%	0.44%	0.38%
	TYL	D	0.05%	0.06%	0.05%
	UAL	A	0.04%	0.04%	0.04%
	UBER	C	0.32%	0.37%	0.32%
	ULTA	D	0.04%	0.04%	0.04%
	UNP	F	0.31%	0.34%	0.31%
	UPS	D	0.2%	0.23%	0.2%
	URI	C	0.11%	0.12%	0.11%
	USB	C	0.14%	0.16%	0.14%
	V	B	0.88%	1.05%	0.88%
	VICI	C	0.07%	0.08%	0.07%
	VLO	F	0.09%	0.1%	0.09%
	VLTO	A	0.05%	0.06%	0.05%
	VMC	D	0.07%	0.08%	0.07%
	VRSK	D	0.08%	0.09%	0.08%
	VRSN	C	0.03%	0.04%	0.03%
	VST	A	0.08%	0.09%	0.08%
	VTR	C	0.05%	0.06%	0.05%
	VZ	C	0.38%	0.44%	0.38%
	WAB	A	0.07%	0.07%	0.07%
	WBD	F	0.04%	0.04%	0.04%
	WDC	C	0.04%	0.05%	0.04%
	WEC	B	0.06%	0.07%	0.06%
	WELL	C	0.16%	0.17%	0.16%
	WFC	B	0.38%	0.44%	0.38%
	WM	B	0.17%	0.17%	0.17%
	WMB	A	0.11%	0.13%	0.11%
	WMT	A	0.73%	0.8%	0.73%
	WRB	C	0.03%	0.04%	0.03%
	WTW	C	0.06%	0.07%	0.06%
	WY	C	0.05%	0.06%	0.05%
	XEL	C	0.07%	0.08%	0.07%
	XOM	A	1.06%	1.16%	1.06%
	XYL	C	0.06%	0.08%	0.06%
	YUM	C	0.08%	0.09%	0.08%
	ZBRA	B	0.04%	0.04%	0.04%

ONOF Overweight 117 Positions Relative to SPXV

	Symbol	Grade	Weight
	LLY	D	1.61%
	UNH	B	1.09%
	JNJ	D	0.79%
	ABBV	C	0.69%
	MRK	F	0.6%
	TMO	D	0.47%
	ABT	C	0.4%
	DHR	D	0.36%
	ISRG	C	0.35%
	PFE	D	0.34%
	AMGN	D	0.34%
	BSX	A	0.25%
	ELV	F	0.25%
	VRTX	D	0.24%
	SYK	C	0.23%
	MDT	C	0.23%
	REGN	D	0.22%
	BMY	A	0.21%
	GILD	A	0.21%
	CI	D	0.2%
	MELI	D	0.2%
	ZTS	C	0.18%
	HCA	C	0.16%
	CVS	D	0.15%
	BDX	C	0.14%
	MCK	F	0.13%
	MRVL	C	0.12%
	SPOT	C	0.11%
	TTD	A	0.1%
	WDAY	D	0.1%
	APO	A	0.1%
	FLUT	B	0.09%
	DASH	A	0.09%
	HUM	F	0.08%
	RMD	C	0.08%
	EW	F	0.08%
	CNC	F	0.08%
	GEHC	C	0.08%
	LNG	A	0.08%
	IDXX	D	0.08%
	A	B	0.08%
	IQV	F	0.08%
	COIN	F	0.07%
	VEEV	C	0.07%
	ALNY	C	0.07%
	VRT	B	0.07%
	SNOW	F	0.07%
	SQ	D	0.07%
	CPNG	C	0.06%
	BIIB	F	0.06%
	ARES	A	0.06%
	MTD	C	0.06%
	DDOG	B	0.06%
	ZBH	F	0.05%
	STE	D	0.05%
	RBLX	D	0.05%
	MSTR	B	0.05%
	APP	A	0.05%
	NET	D	0.05%
	FCNCA	D	0.05%
	WST	D	0.05%
	HUBS	D	0.05%
	TEAM	D	0.05%
	DXCM	F	0.05%
	CAH	B	0.05%
	LPLA	D	0.04%
	ZM	B	0.04%
	WSM	C	0.04%
	HOLX	D	0.04%
	DKNG	C	0.04%
	PINS	D	0.04%
	BAX	D	0.04%
	MDB	D	0.04%
	LII	C	0.04%
	WAT	B	0.04%
	MOH	F	0.04%
	TRU	C	0.04%
	MKL	B	0.04%
	ILMN	B	0.04%
	BAH	C	0.04%
	CSL	A	0.04%
	MRNA	F	0.04%
	BMRN	F	0.03%
	VTRS	D	0.03%
	IBKR	A	0.03%
	TW	A	0.03%
	HEI	C	0.03%
	PSTG	F	0.03%
	ZS	F	0.03%
	SSNC	C	0.03%
	RS	D	0.03%
	CVNA	A	0.03%
	ENTG	D	0.03%
	AVTR	D	0.03%
	SUI	D	0.03%
	DGX	D	0.03%
	ALGN	D	0.03%
	WSO	C	0.03%
	BSY	D	0.02%
	TKO	A	0.02%
	OWL	A	0.02%
	SCCO	B	0.02%
	IOT	C	0.02%
	DOX	B	0.02%
	RPRX	D	0.02%
	HEI	C	0.02%
	SNAP	D	0.02%
	HOOD	B	0.02%
	INCY	B	0.02%
	OKTA	F	0.02%
	GFS	F	0.01%
	WMG	D	0.01%
	WLK	C	0.01%
	CELH	F	0.01%
	EDR	A	0.0%
	RKT	D	0.0%
	AGR	C	0.0%

ONOF Underweight 63 Positions Relative to SPXV

	Symbol	Grade	Weight
	FI	A	-0.24%
	NXPI	F	-0.14%
	NI	A	-0.04%
	KEY	B	-0.04%
	KIM	C	-0.04%
	SNA	C	-0.04%
	TXT	F	-0.04%
	PNR	C	-0.04%
	IP	C	-0.04%
	MAS	C	-0.04%
	NRG	A	-0.04%
	PKG	B	-0.04%
	ALB	D	-0.03%
	EPAM	F	-0.03%
	REG	C	-0.03%
	IPG	D	-0.03%
	KMX	F	-0.03%
	ALLE	A	-0.03%
	JKHY	A	-0.03%
	CHRW	C	-0.03%
	JNPR	C	-0.03%
	SJM	D	-0.03%
	HST	D	-0.03%
	FFIV	B	-0.03%
	CPT	C	-0.03%
	EMN	C	-0.03%
	UDR	C	-0.03%
	AES	C	-0.03%
	POOL	D	-0.03%
	DPZ	D	-0.03%
	BBWI	F	-0.02%
	RL	B	-0.02%
	IVZ	A	-0.02%
	BWA	C	-0.02%
	FMC	C	-0.02%
	PAYC	D	-0.02%
	MHK	C	-0.02%
	MOS	F	-0.02%
	WYNN	B	-0.02%
	APA	F	-0.02%
	FRT	D	-0.02%
	CZR	B	-0.02%
	DAY	C	-0.02%
	NCLH	C	-0.02%
	GNRC	B	-0.02%
	HAS	A	-0.02%
	LW	D	-0.02%
	MTCH	B	-0.02%
	MKTX	B	-0.02%
	TAP	D	-0.02%
	GL	C	-0.02%
	NWSA	D	-0.02%
	QRVO	F	-0.02%
	PNW	C	-0.02%
	AIZ	B	-0.02%
	HII	F	-0.02%
	LKQ	F	-0.02%
	AOS	C	-0.02%
	TPR	B	-0.02%
	NWS	D	-0.01%
	WBA	F	-0.01%
	BEN	F	-0.01%
	PARA	F	-0.01%

ONOF: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Business Services Semiconductors Asset Management Capital Markets Software - Infrastructure Specialty Retail Diagnostics & Research Banks - Regional - US Drug Manufacturers - Major Oil & Gas E&P Aerospace & Defense Insurance - Property & Casualty Internet Content & Information Specialty Chemicals Biotechnology Credit Services Health Care Plans

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

SPXV: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Business Services Semiconductors Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Packaged Foods Specialty Retail Credit Services Household & Personal Products Information Technology Services Insurance - Property & Casualty REIT - Residential Specialty Chemicals Utilities - Diversified Insurance Brokers

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