OPTZ vs. SSPY ETF Comparison

Comparison of Optimize Strategy Index ETF (OPTZ) to Syntax Stratified LargeCap ETF (SSPY)

OPTZ

Optimize Strategy Index ETF

OPTZ Description

OPTZ seeks to track a broad market index consisting of US-listed equities that meet certain market-cap threshold and liquidity requirements. To be included in the fund, eligible large-cap and small-cap companies are evaluated and ranked within their own sector. Large cap companies are ranked based on the ratio of current EPS over the trailing 10-year average EPS, the current P/E ratio, and the 2-year forward EPS growth estimate. Small-cap companies are ranked solely on their P/S ratio. Within these two groups, the top 20% are selected from each sector. The index weights the sectors using the sum of the market capitalization of all constituents in each sector and within each sector each constituent is equally weighted. Reconstitution and rebalancing are done semi-annually.

Grade (RS Rating)

Last Trade

$31.05

Average Daily Volume

6,418

Number of Holdings ^*

321

* 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

$81.98

Average Daily Volume

2,386

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	OPTZ	SSPY
30 Days	5.82%	2.71%
60 Days	8.59%	2.03%
90 Days	9.87%	2.72%
12 Months		22.62%

160 Overlapping Holdings

Symbol	Grade	Weight in OPTZ	Weight in SSPY	Overlap
AAPL	C	1.06%	0.5%	0.5%
ACGL	C	0.19%	0.14%	0.14%
ADBE	C	0.11%	0.16%	0.11%
AES	F	0.04%	0.32%	0.04%
AIZ	A	0.23%	0.2%	0.2%
ALGN	D	0.13%	0.1%	0.1%
ALL	A	0.21%	0.2%	0.2%
AMAT	F	1.0%	0.18%	0.18%
AMD	F	1.03%	0.14%	0.14%
AMP	A	0.25%	0.08%	0.08%
AMT	C	0.07%	0.06%	0.06%
AMZN	C	0.38%	0.22%	0.22%
ANET	C	1.24%	0.21%	0.21%
AOS	F	0.12%	0.21%	0.12%
APA	D	0.05%	0.07%	0.05%
APD	A	0.18%	0.05%	0.05%
APTV	F	0.25%	0.4%	0.25%
ATO	A	0.06%	0.33%	0.06%
AXON	A	0.21%	0.09%	0.09%
AXP	A	0.24%	0.04%	0.04%
BA	F	0.11%	0.16%	0.11%
BAX	F	0.11%	0.05%	0.05%
BG	D	0.25%	0.37%	0.25%
BKR	A	0.07%	0.35%	0.07%
BLK	B	0.24%	0.08%	0.08%
BR	A	0.22%	0.11%	0.11%
BRO	B	0.21%	0.04%	0.04%
CAH	B	0.14%	0.19%	0.14%
CAT	B	0.14%	0.14%	0.14%
CB	C	0.19%	0.14%	0.14%
CBOE	C	0.19%	0.04%	0.04%
CBRE	B	0.1%	0.04%	0.04%
CDNS	B	1.21%	0.33%	0.33%
CE	F	0.09%	0.07%	0.07%
CEG	C	0.07%	0.38%	0.07%
CHD	A	0.3%	0.42%	0.3%
CINF	A	0.23%	0.14%	0.14%
CL	D	0.25%	0.41%	0.25%
CMCSA	B	0.64%	0.52%	0.52%
CME	B	0.2%	0.04%	0.04%
COR	B	0.14%	0.18%	0.14%
COST	A	0.29%	0.71%	0.29%
CPAY	A	0.23%	0.04%	0.04%
CPT	B	0.09%	0.11%	0.09%
CRM	B	1.37%	0.35%	0.35%
CRWD	B	1.37%	0.18%	0.18%
CVS	D	0.26%	0.69%	0.26%
DAL	B	0.19%	0.28%	0.19%
DECK	A	0.39%	0.3%	0.3%
DELL	B	1.29%	0.17%	0.17%
DGX	A	0.14%	0.16%	0.14%
DIS	B	0.77%	0.21%	0.21%
DLR	B	0.11%	0.26%	0.11%
DPZ	C	0.34%	0.52%	0.34%
DTE	C	0.05%	0.25%	0.05%
DUK	C	0.05%	0.07%	0.05%
DVA	C	0.14%	0.11%	0.11%
EA	A	0.66%	0.49%	0.49%
ECL	D	0.15%	0.05%	0.05%
EFX	F	0.11%	0.04%	0.04%
EIX	B	0.05%	0.25%	0.05%
EMN	C	0.16%	0.05%	0.05%
EQIX	A	0.1%	0.27%	0.1%
ETN	A	0.15%	0.26%	0.15%
ETR	B	0.06%	0.25%	0.06%
FDX	B	0.13%	0.07%	0.07%
FFIV	B	1.25%	0.21%	0.21%
FI	A	0.25%	0.06%	0.06%
FSLR	F	0.96%	0.2%	0.2%
GDDY	A	1.27%	0.27%	0.27%
GL	C	0.21%	0.2%	0.2%
GNRC	C	0.16%	0.08%	0.08%
GPC	D	0.29%	0.15%	0.15%
GPN	B	0.22%	0.04%	0.04%
GRMN	B	0.37%	0.33%	0.33%
GS	A	0.25%	0.25%	0.25%
HIG	B	0.2%	0.14%	0.14%
HII	F	0.09%	0.08%	0.08%
HON	C	0.15%	0.17%	0.15%
HUBB	B	0.15%	0.26%	0.15%
IBM	C	1.02%	0.34%	0.34%
ICE	C	0.2%	0.04%	0.04%
IDXX	F	0.11%	0.1%	0.1%
INCY	C	0.16%	0.25%	0.16%
INTC	C	1.31%	0.16%	0.16%
IQV	F	0.11%	0.14%	0.11%
ISRG	A	0.15%	0.12%	0.12%
KKR	A	0.25%	0.09%	0.09%
LIN	C	0.14%	0.04%	0.04%
LOW	C	0.35%	0.26%	0.26%
LULU	C	0.39%	0.31%	0.31%
LVS	B	0.38%	0.08%	0.08%
MAR	A	0.39%	0.12%	0.12%
MCD	D	0.32%	0.5%	0.32%
MCO	B	0.2%	0.04%	0.04%
META	D	0.65%	0.47%	0.47%
MKTX	D	0.2%	0.04%	0.04%
MLM	C	0.17%	0.17%	0.17%
MOH	F	0.12%	0.25%	0.12%
MSCI	C	0.21%	0.04%	0.04%
MSI	B	1.18%	0.49%	0.49%
NCLH	B	0.48%	0.09%	0.09%
NFLX	A	0.73%	0.22%	0.22%
NOW	A	1.27%	0.22%	0.22%
NRG	B	0.06%	0.33%	0.06%
NVDA	B	1.44%	0.13%	0.13%
ORLY	B	0.34%	0.14%	0.14%
PAYC	B	0.18%	0.22%	0.18%
PCAR	B	0.15%	0.13%	0.13%
PEP	F	0.26%	0.18%	0.18%
PGR	A	0.21%	0.19%	0.19%
PH	A	0.15%	0.08%	0.08%
PNR	A	0.15%	0.19%	0.15%
PODD	C	0.15%	0.1%	0.1%
PRU	A	0.23%	0.2%	0.2%
PWR	A	0.16%	0.4%	0.16%
RCL	A	0.47%	0.09%	0.09%
RL	C	0.39%	0.32%	0.32%
ROP	B	1.0%	0.03%	0.03%
ROST	D	0.29%	0.72%	0.29%
RSG	A	0.12%	0.18%	0.12%
SBAC	D	0.08%	0.06%	0.06%
SHW	B	0.16%	0.06%	0.06%
SLB	C	0.06%	0.35%	0.06%
SNPS	B	1.16%	0.34%	0.34%
SO	C	0.05%	0.08%	0.05%
SPG	A	0.1%	0.07%	0.07%
SPGI	C	0.2%	0.04%	0.04%
STE	D	0.12%	0.12%	0.12%
STZ	D	0.27%	0.25%	0.25%
SYK	B	0.14%	0.12%	0.12%
T	A	0.64%	0.33%	0.33%
TAP	C	0.32%	0.25%	0.25%
TGT	F	0.28%	0.17%	0.17%
TMO	F	0.11%	0.14%	0.11%
TMUS	B	0.72%	0.33%	0.33%
TRGP	A	0.07%	0.24%	0.07%
TROW	B	0.24%	0.09%	0.09%
TRV	B	0.22%	0.14%	0.14%
TSLA	B	0.49%	0.28%	0.28%
TT	A	0.15%	0.07%	0.07%
UHS	D	0.11%	0.32%	0.11%
ULTA	F	0.3%	0.17%	0.17%
UNH	B	0.13%	0.26%	0.13%
URI	C	0.15%	0.14%	0.14%
V	A	0.22%	0.04%	0.04%
VMC	B	0.18%	0.17%	0.17%
VRSK	A	0.13%	0.04%	0.04%
VRSN	C	1.03%	0.27%	0.27%
VRTX	D	0.13%	0.23%	0.13%
WAB	B	0.15%	0.13%	0.13%
WBA	F	0.27%	0.64%	0.27%
WELL	A	0.1%	0.11%	0.1%
WMB	A	0.07%	0.25%	0.07%
WST	C	0.14%	0.05%	0.05%
WTW	B	0.22%	0.03%	0.03%
WY	F	0.09%	0.17%	0.09%
WYNN	C	0.36%	0.08%	0.08%
XYL	D	0.12%	0.19%	0.12%
ZBH	C	0.14%	0.12%	0.12%

OPTZ Overweight 161 Positions Relative to SSPY

Symbol	Grade	Weight
APP	B	2.03%
TTMI	C	1.36%
QLYS	B	1.22%
BHE	C	1.2%
ITRI	C	1.19%
WIX	A	1.15%
INFN	D	1.11%
VZIO	A	1.04%
BAH	F	1.02%
DJT	C	0.93%
LUMN	C	0.83%
CRUS	D	0.8%
IDCC	B	0.78%
ACLS	F	0.78%
RNG	C	0.72%
ZM	C	0.71%
EAT	A	0.55%
CVNA	B	0.55%
AMC	C	0.54%
NPAB	F	0.52%
WWW	A	0.48%
COIN	C	0.42%
HBI	B	0.42%
WOOF	D	0.42%
UNFI	A	0.41%
SIG	B	0.39%
WHR	B	0.37%
ANF	F	0.36%
SBH	C	0.36%
BZH	C	0.35%
PCT	C	0.34%
FIVE	F	0.34%
PVH	C	0.34%
ALV	C	0.33%
BURL	B	0.33%
CHDN	B	0.32%
APO	B	0.31%
YETI	D	0.31%
ENR	B	0.31%
ETSY	D	0.3%
DKS	D	0.29%
LC	A	0.28%
LEA	F	0.28%
LNW	F	0.28%
DOLE	D	0.27%
SQ	A	0.27%
MELI	C	0.27%
ODP	F	0.27%
AX	B	0.26%
DAN	D	0.26%
CAL	F	0.25%
ARES	A	0.24%
CROX	D	0.24%
BHF	C	0.24%
AGO	B	0.23%
EWTX	C	0.23%
PRG	C	0.22%
SIGI	C	0.22%
COOP	B	0.22%
LBPH	A	0.22%
NATL	B	0.21%
VRT	B	0.21%
AER	A	0.21%
BFH	C	0.21%
LDI	C	0.2%
STRL	A	0.2%
CRS	B	0.2%
GATO	C	0.2%
RNR	C	0.2%
ZIM	C	0.2%
NAVI	F	0.19%
PMT	C	0.19%
FIX	A	0.18%
EME	A	0.18%
GTLS	A	0.18%
XPO	B	0.18%
LPX	B	0.18%
EXP	B	0.18%
SKYW	C	0.18%
HQY	A	0.17%
JBLU	F	0.17%
AVNT	B	0.17%
HASI	D	0.17%
PEN	B	0.16%
DOCU	B	0.16%
PCTY	C	0.16%
AIT	B	0.16%
ACHR	B	0.16%
VERA	C	0.16%
ESTC	C	0.15%
GFF	A	0.15%
PEGA	B	0.15%
JAZZ	B	0.15%
TPC	C	0.15%
SAIA	B	0.15%
CLOV	D	0.15%
PHIN	A	0.14%
THC	D	0.14%
STGW	A	0.14%
MRC	B	0.14%
LECO	C	0.14%
UTHR	C	0.14%
LIVN	F	0.14%
AKRO	B	0.14%
REVG	C	0.14%
WDAY	B	0.13%
BV	C	0.13%
NBIX	C	0.13%
SAVA	C	0.13%
OSK	C	0.13%
PBI	B	0.13%
WWD	C	0.13%
ASH	F	0.13%
MANH	D	0.13%
AHCO	F	0.12%
SHC	F	0.12%
KRYS	C	0.12%
RPRX	D	0.12%
ETNB	C	0.12%
DAWN	D	0.12%
COGT	D	0.11%
SRPT	F	0.11%
SNDX	F	0.11%
KURA	F	0.11%
VNO	C	0.11%
DYN	F	0.11%
UNIT	B	0.1%
RHP	B	0.1%
CGEM	F	0.1%
LNTH	D	0.1%
EXPI	D	0.1%
OMI	F	0.1%
PEB	D	0.09%
NEXT	C	0.09%
ELS	C	0.09%
PK	C	0.09%
LAMR	C	0.09%
SBRA	C	0.09%
OGN	F	0.09%
NMRK	C	0.09%
REXR	F	0.08%
NVRI	D	0.08%
RDFN	D	0.08%
EGP	D	0.08%
TDW	F	0.08%
ICLR	D	0.08%
PRIM	A	0.08%
KNTK	A	0.07%
BKD	F	0.07%
DTM	A	0.07%
WKC	C	0.06%
OII	B	0.06%
WHD	B	0.06%
FTI	A	0.06%
SANA	F	0.06%
VAL	F	0.05%
WFRD	D	0.05%
DK	C	0.05%
SWX	B	0.05%
NFE	D	0.04%
HE	C	0.04%

OPTZ Underweight 340 Positions Relative to SSPY

Symbol	Grade	Weight
XOM	B	-0.77%
CVX	A	-0.76%
SYY	D	-0.75%
KR	B	-0.74%
WMT	A	-0.73%
TJX	A	-0.72%
COF	C	-0.7%
SYF	B	-0.69%
DFS	B	-0.69%
PSX	C	-0.51%
DRI	B	-0.51%
YUM	D	-0.51%
VLO	C	-0.5%
EL	F	-0.5%
CMG	B	-0.5%
BRK.A	B	-0.5%
MPC	D	-0.49%
TTWO	A	-0.49%
L	A	-0.49%
SBUX	A	-0.48%
CHTR	C	-0.47%
MTCH	D	-0.47%
KMB	C	-0.42%
KVUE	A	-0.42%
PG	C	-0.42%
BWA	D	-0.42%
VST	A	-0.41%
CLX	A	-0.41%
J	D	-0.4%
JBL	C	-0.38%
ADM	D	-0.37%
TSN	B	-0.36%
HRL	D	-0.36%
HPQ	B	-0.35%
PM	B	-0.35%
MO	A	-0.35%
IPG	D	-0.34%
OMC	C	-0.34%
HAL	C	-0.34%
ORCL	A	-0.34%
TPR	B	-0.33%
NI	A	-0.33%
VZ	C	-0.33%
HCA	F	-0.33%
NKE	F	-0.33%
AWK	C	-0.32%
MSFT	D	-0.32%
FCX	F	-0.3%
EXC	C	-0.3%
UAL	A	-0.28%
SWK	D	-0.27%
AKAM	D	-0.27%
STLD	B	-0.27%
CNP	A	-0.26%
ENPH	F	-0.26%
NUE	C	-0.26%
PEG	A	-0.26%
HAS	D	-0.26%
CNC	D	-0.26%
HD	B	-0.26%
MS	A	-0.26%
NVR	D	-0.26%
HUM	C	-0.26%
LEN	D	-0.25%
GM	C	-0.25%
NEM	D	-0.25%
KO	D	-0.25%
F	C	-0.25%
GILD	C	-0.25%
CTLT	C	-0.25%
ZTS	D	-0.25%
SNA	A	-0.25%
PHM	D	-0.25%
LUV	C	-0.25%
KMI	A	-0.25%
MNST	C	-0.25%
RJF	A	-0.25%
BMY	B	-0.25%
SCHW	B	-0.25%
MRNA	F	-0.24%
AMGN	F	-0.24%
JNJ	C	-0.24%
DHI	F	-0.24%
AEP	C	-0.24%
MRK	D	-0.24%
D	C	-0.24%
OKE	A	-0.24%
FE	C	-0.24%
VTRS	A	-0.24%
ED	C	-0.24%
PFE	F	-0.24%
KDP	F	-0.24%
BIIB	F	-0.24%
NEE	C	-0.24%
ELV	F	-0.24%
ABBV	F	-0.24%
AVGO	D	-0.23%
PLTR	B	-0.23%
CPRT	B	-0.23%
ON	D	-0.23%
GOOGL	C	-0.23%
GOOG	C	-0.23%
TXN	C	-0.23%
LLY	F	-0.23%
NXPI	D	-0.23%
REGN	F	-0.22%
TYL	B	-0.22%
LW	C	-0.22%
EBAY	D	-0.22%
DAY	B	-0.22%
QCOM	F	-0.22%
ADI	D	-0.22%
MPWR	F	-0.22%
KEYS	A	-0.21%
PFG	D	-0.21%
CSCO	B	-0.21%
MKC	C	-0.21%
KHC	F	-0.21%
QRVO	F	-0.21%
SWKS	F	-0.21%
SJM	D	-0.21%
GIS	D	-0.21%
MET	A	-0.21%
CAG	F	-0.21%
PAYX	B	-0.21%
ADP	A	-0.21%
AIG	B	-0.2%
IEX	C	-0.2%
IR	B	-0.2%
JNPR	D	-0.2%
AFL	B	-0.2%
PARA	C	-0.2%
CPB	D	-0.2%
INTU	B	-0.2%
ERIE	D	-0.2%
HSIC	C	-0.2%
MHK	D	-0.19%
CI	D	-0.19%
APH	A	-0.19%
TEL	B	-0.19%
HPE	B	-0.19%
MAS	D	-0.19%
WBD	B	-0.19%
BLDR	D	-0.19%
GLW	B	-0.19%
BBWI	C	-0.19%
HSY	F	-0.18%
CTAS	B	-0.18%
GEV	B	-0.18%
EQT	B	-0.18%
WM	B	-0.18%
MDLZ	F	-0.18%
ROL	B	-0.18%
MCK	A	-0.18%
K	A	-0.18%
ADSK	A	-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	B	-0.17%
ITW	B	-0.17%
BBY	D	-0.17%
CTRA	B	-0.17%
GE	D	-0.17%
DLTR	F	-0.17%
PTC	B	-0.17%
KLAC	F	-0.17%
STX	C	-0.17%
WDC	D	-0.17%
PANW	B	-0.16%
DVN	F	-0.16%
GD	D	-0.16%
LH	B	-0.16%
TXT	D	-0.16%
TECH	F	-0.15%
SMCI	F	-0.15%
A	D	-0.15%
WAT	C	-0.15%
MTD	F	-0.15%
MU	D	-0.15%
WRB	A	-0.14%
MCHP	F	-0.14%
AZO	C	-0.14%
CRL	D	-0.14%
KMX	B	-0.14%
EG	C	-0.14%
LKQ	F	-0.14%
BALL	F	-0.13%
FAST	B	-0.13%
JPM	A	-0.13%
CDW	F	-0.13%
AMCR	C	-0.13%
AME	A	-0.13%
POOL	C	-0.13%
DE	B	-0.13%
ACN	B	-0.13%
EPAM	B	-0.13%
WFC	A	-0.13%
CTSH	B	-0.13%
ZBRA	B	-0.13%
C	A	-0.13%
IT	C	-0.13%
LDOS	C	-0.13%
STT	B	-0.12%
HLT	A	-0.12%
ABNB	C	-0.12%
EXPE	B	-0.12%
GWW	B	-0.12%
TSCO	D	-0.12%
BAC	A	-0.12%
ARE	F	-0.11%
VTR	B	-0.11%
EXR	C	-0.11%
PSA	C	-0.11%
DOC	C	-0.11%
BXP	C	-0.11%
BKNG	A	-0.11%
HST	C	-0.11%
UBER	F	-0.11%
BK	A	-0.11%
DXCM	C	-0.1%
HOLX	D	-0.1%
DHR	F	-0.1%
NWSA	A	-0.1%
NWS	A	-0.1%
ESS	B	-0.1%
RVTY	F	-0.1%
MAA	B	-0.1%
INVH	D	-0.1%
GEHC	D	-0.1%
AVB	B	-0.1%
EQR	C	-0.1%
FOX	A	-0.1%
UDR	B	-0.1%
FOXA	A	-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%
CCL	A	-0.09%
CHRW	B	-0.09%
CF	A	-0.09%
LYV	A	-0.09%
IVZ	B	-0.09%
RMD	C	-0.09%
ALLE	C	-0.08%
CMS	C	-0.08%
PCG	A	-0.08%
SRE	A	-0.08%
XEL	A	-0.08%
HWM	A	-0.08%
PPL	A	-0.08%
EVRG	A	-0.08%
LNT	A	-0.08%
AEE	A	-0.08%
CARR	C	-0.08%
TDG	D	-0.08%
JCI	B	-0.08%
UNP	C	-0.08%
CMI	A	-0.08%
NSC	B	-0.08%
OTIS	C	-0.08%
ODFL	C	-0.08%
RTX	D	-0.08%
BX	A	-0.08%
NTRS	A	-0.08%
LHX	C	-0.08%
MOS	F	-0.08%
JBHT	C	-0.08%
CSX	C	-0.08%
CTVA	C	-0.08%
O	C	-0.07%
LYB	F	-0.07%
SW	A	-0.07%
PPG	F	-0.07%
FANG	C	-0.07%
OXY	D	-0.07%
CZR	F	-0.07%
COP	C	-0.07%
MRO	B	-0.07%
MGM	D	-0.07%
EOG	A	-0.07%
DOW	F	-0.07%
HES	B	-0.07%
PNW	A	-0.07%
WEC	A	-0.07%
ES	C	-0.07%
TFC	A	-0.06%
CFG	B	-0.06%
HBAN	A	-0.06%
USB	A	-0.06%
FITB	B	-0.06%
PNC	B	-0.06%
KEY	B	-0.06%
RF	A	-0.06%
MTB	A	-0.06%
EW	C	-0.06%
ABT	B	-0.06%
MDT	D	-0.06%
AVY	F	-0.06%
PYPL	B	-0.06%
BSX	A	-0.06%
IP	A	-0.06%
PKG	A	-0.06%
REG	A	-0.06%
KIM	A	-0.06%
PLD	F	-0.06%
FRT	B	-0.06%
VICI	C	-0.06%
CCI	C	-0.06%
IRM	C	-0.06%
FICO	B	-0.05%
IFF	D	-0.05%
SOLV	D	-0.05%
BDX	F	-0.05%
TFX	F	-0.05%
DD	C	-0.05%
ALB	B	-0.05%
JKHY	D	-0.05%
FIS	C	-0.05%
AON	A	-0.04%
MMC	B	-0.04%
CSGP	D	-0.04%
FDS	B	-0.04%
MA	B	-0.04%
NDAQ	A	-0.04%
VLTO	C	-0.03%
ROK	C	-0.03%
NDSN	B	-0.03%
TDY	B	-0.03%
EMR	B	-0.03%
TRMB	B	-0.03%
FTV	C	-0.03%
AJG	A	-0.03%