QWLD vs. DIVB ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to iShares U.S. Dividend and Buyback ETF (DIVB)

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$128.44

Average Daily Volume

3,453

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

DIVB

iShares U.S. Dividend and Buyback ETF

DIVB Description

The investment seeks to track the investment results of the Morningstar® US Dividend and Buyback IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the underlying index. The underlying index is designed to provide exposure to U.S.-based companies that return capital to shareholders through either dividend payments or share buybacks.

Grade (RS Rating)

Last Trade

$50.54

Average Daily Volume

83,483

Number of Holdings ^*

433

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	DIVB
30 Days	0.82%	2.97%
60 Days	0.23%	5.27%
90 Days	0.87%	7.50%
12 Months	22.65%	35.87%

237 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in DIVB	Overlap
	ABBV	D	0.34%	1.11%	0.34%
	ABBV	D	0.16%	1.11%	0.16%
	ABT	B	0.09%	0.53%	0.09%
	ACI	C	0.02%	0.02%	0.02%
	ACN	C	0.65%	3.52%	0.65%
	ADP	B	0.26%	0.38%	0.26%
	AEE	A	0.09%	0.04%	0.04%
	AEP	D	0.07%	0.11%	0.07%
	AES	F	0.01%	0.04%	0.01%
	AFG	A	0.02%	0.03%	0.02%
	AFL	B	0.12%	0.38%	0.12%
	AIG	B	0.07%	0.57%	0.07%
	AIZ	A	0.08%	0.04%	0.04%
	ALL	A	0.08%	0.19%	0.08%
	ALLY	C	0.02%	0.07%	0.02%
	AMCR	D	0.08%	0.1%	0.08%
	AMGN	D	0.16%	0.42%	0.16%
	AMH	D	0.0%	0.01%	0.0%
	AMP	A	0.09%	0.37%	0.09%
	AMT	D	0.02%	0.26%	0.02%
	AOS	F	0.02%	0.05%	0.02%
	APA	D	0.02%	0.08%	0.02%
	APD	A	0.03%	0.19%	0.03%
	ARES	A	0.0%	0.06%	0.0%
	AVB	B	0.01%	0.07%	0.01%
	AWK	D	0.01%	0.05%	0.01%
	BAC	A	0.39%	1.46%	0.39%
	BAX	D	0.01%	0.05%	0.01%
	BBY	D	0.06%	0.1%	0.06%
	BEN	C	0.01%	0.05%	0.01%
	BG	F	0.03%	0.08%	0.03%
	BK	A	0.05%	0.41%	0.05%
	BKR	B	0.02%	0.15%	0.02%
	BLK	C	0.25%	0.61%	0.25%
	BMY	B	0.21%	1.07%	0.21%
	BX	A	0.03%	0.42%	0.03%
	BXP	D	0.01%	0.07%	0.01%
	C	A	0.25%	0.68%	0.25%
	CAG	D	0.04%	0.06%	0.04%
	CAH	B	0.13%	0.2%	0.13%
	CAT	B	0.36%	1.09%	0.36%
	CCI	D	0.01%	0.24%	0.01%
	CF	B	0.13%	0.16%	0.13%
	CFG	B	0.04%	0.19%	0.04%
	CG	A	0.01%	0.07%	0.01%
	CHRD	D	0.01%	0.07%	0.01%
	CHRW	C	0.01%	0.09%	0.01%
	CI	F	0.18%	0.69%	0.18%
	CINF	A	0.02%	0.08%	0.02%
	CL	D	0.2%	0.26%	0.2%
	CLX	B	0.01%	0.06%	0.01%
	CME	A	0.16%	0.34%	0.16%
	CMI	A	0.1%	0.12%	0.1%
	CMS	C	0.05%	0.04%	0.04%
	CNH	C	0.01%	0.11%	0.01%
	CNP	B	0.01%	0.06%	0.01%
	COF	B	0.1%	0.2%	0.1%
	COP	C	0.1%	0.84%	0.1%
	CPB	D	0.09%	0.03%	0.03%
	CPT	B	0.01%	0.05%	0.01%
	CSCO	B	1.03%	5.34%	1.03%
	CSX	B	0.11%	0.45%	0.11%
	CTRA	B	0.02%	0.12%	0.02%
	CTSH	B	0.2%	0.86%	0.2%
	CVS	D	0.16%	0.67%	0.16%
	CVX	A	0.33%	2.15%	0.33%
	D	C	0.06%	0.13%	0.06%
	DE	A	0.06%	0.76%	0.06%
	DFS	B	0.04%	0.3%	0.04%
	DG	F	0.01%	0.12%	0.01%
	DGX	A	0.11%	0.08%	0.08%
	DKS	C	0.02%	0.07%	0.02%
	DOC	D	0.01%	0.08%	0.01%
	DOW	F	0.03%	0.25%	0.03%
	DRI	B	0.03%	0.11%	0.03%
	DTE	C	0.02%	0.02%	0.02%
	DUK	C	0.36%	0.32%	0.32%
	DVN	F	0.03%	0.16%	0.03%
	EBAY	D	0.01%	0.22%	0.01%
	ED	D	0.35%	0.16%	0.16%
	EIX	B	0.03%	0.12%	0.03%
	EL	F	0.01%	0.06%	0.01%
	ELS	C	0.0%	0.03%	0.0%
	EMN	D	0.01%	0.07%	0.01%
	EMR	A	0.03%	0.33%	0.03%
	EOG	A	0.06%	0.29%	0.06%
	EQH	B	0.01%	0.02%	0.01%
	EQR	B	0.01%	0.1%	0.01%
	ES	D	0.01%	0.08%	0.01%
	ESS	B	0.01%	0.07%	0.01%
	ETR	B	0.03%	0.05%	0.03%
	EVRG	A	0.01%	0.06%	0.01%
	EXC	C	0.03%	0.15%	0.03%
	EXPD	D	0.04%	0.15%	0.04%
	EXR	D	0.01%	0.11%	0.01%
	F	C	0.09%	0.3%	0.09%
	FANG	D	0.09%	0.23%	0.09%
	FAST	B	0.09%	0.12%	0.09%
	FDX	B	0.07%	0.3%	0.07%
	FE	C	0.01%	0.08%	0.01%
	FIS	C	0.02%	1.8%	0.02%
	FITB	A	0.03%	0.14%	0.03%
	FNF	B	0.01%	0.06%	0.01%
	GEN	B	0.12%	0.55%	0.12%
	GILD	C	0.24%	0.53%	0.24%
	GIS	D	0.33%	0.27%	0.27%
	GLPI	C	0.01%	0.03%	0.01%
	GLW	B	0.02%	0.53%	0.02%
	GPC	D	0.05%	0.07%	0.05%
	GPN	B	0.02%	0.19%	0.02%
	GS	A	0.17%	1.36%	0.17%
	HBAN	A	0.03%	0.12%	0.03%
	HD	A	0.15%	1.57%	0.15%
	HIG	B	0.03%	0.21%	0.03%
	HII	D	0.01%	0.03%	0.01%
	HON	B	0.26%	0.64%	0.26%
	HPE	B	0.04%	0.75%	0.04%
	HPQ	B	0.04%	1.28%	0.04%
	HRL	D	0.09%	0.03%	0.03%
	HST	C	0.01%	0.07%	0.01%
	HSY	F	0.16%	0.1%	0.1%
	IBM	C	0.46%	3.7%	0.46%
	IFF	D	0.01%	0.05%	0.01%
	INVH	D	0.01%	0.06%	0.01%
	IP	B	0.02%	0.12%	0.02%
	IPG	D	0.02%	0.11%	0.02%
	IRM	D	0.01%	0.08%	0.01%
	ITW	B	0.13%	0.36%	0.13%
	JCI	C	0.03%	0.21%	0.03%
	JNJ	D	1.1%	1.39%	1.1%
	JNPR	F	0.12%	0.23%	0.12%
	JPM	A	0.6%	2.66%	0.6%
	K	A	0.23%	0.06%	0.06%
	KDP	D	0.14%	0.16%	0.14%
	KEY	B	0.02%	0.1%	0.02%
	KHC	F	0.2%	0.16%	0.16%
	KIM	A	0.01%	0.07%	0.01%
	KMB	D	0.11%	0.18%	0.11%
	KMI	A	0.04%	0.27%	0.04%
	KO	D	0.56%	0.76%	0.56%
	KR	B	0.31%	0.09%	0.09%
	LH	C	0.02%	0.13%	0.02%
	LHX	C	0.02%	0.16%	0.02%
	LKQ	D	0.01%	0.07%	0.01%
	LMT	D	0.42%	0.82%	0.42%
	LNT	A	0.03%	0.04%	0.03%
	LOW	D	0.07%	1.03%	0.07%
	LUV	C	0.0%	0.05%	0.0%
	LYB	F	0.03%	0.14%	0.03%
	MAA	B	0.01%	0.07%	0.01%
	MAS	D	0.01%	0.06%	0.01%
	MCD	D	0.42%	0.78%	0.42%
	MCHP	D	0.06%	0.81%	0.06%
	MDLZ	F	0.14%	0.34%	0.14%
	MDT	D	0.06%	0.54%	0.06%
	MET	A	0.05%	0.47%	0.05%
	MKC	D	0.01%	0.04%	0.01%
	MMM	D	0.14%	0.3%	0.14%
	MRK	F	0.42%	0.75%	0.42%
	MRO	B	0.02%	0.14%	0.02%
	MS	A	0.12%	1.37%	0.12%
	MTB	A	0.05%	0.24%	0.05%
	NEE	D	0.06%	0.11%	0.06%
	NEM	D	0.04%	0.13%	0.04%
	NI	A	0.01%	0.04%	0.01%
	NKE	D	0.17%	0.63%	0.17%
	NOC	D	0.32%	0.31%	0.31%
	NRG	B	0.02%	0.13%	0.02%
	NSC	B	0.03%	0.25%	0.03%
	NTAP	C	0.04%	0.77%	0.04%
	NTRS	A	0.02%	0.13%	0.02%
	NUE	C	0.04%	0.28%	0.04%
	OKE	A	0.03%	0.23%	0.03%
	OMC	C	0.04%	0.16%	0.04%
	OVV	B	0.02%	0.09%	0.02%
	PAYX	C	0.1%	0.14%	0.1%
	PEG	A	0.02%	0.13%	0.02%
	PEP	F	0.77%	0.75%	0.75%
	PFE	D	0.18%	0.81%	0.18%
	PFG	D	0.02%	0.17%	0.02%
	PG	A	0.95%	1.53%	0.95%
	PKG	A	0.04%	0.09%	0.04%
	PLD	D	0.04%	0.3%	0.04%
	PM	B	0.07%	0.85%	0.07%
	PNC	B	0.1%	0.46%	0.1%
	PPG	F	0.01%	0.08%	0.01%
	PPL	B	0.01%	0.08%	0.01%
	PRU	A	0.05%	0.34%	0.05%
	PSA	D	0.09%	0.18%	0.09%
	PSX	C	0.14%	0.44%	0.14%
	REG	B	0.01%	0.06%	0.01%
	RF	A	0.03%	0.14%	0.03%
	ROK	B	0.06%	0.11%	0.06%
	RPRX	D	0.01%	0.05%	0.01%
	RTX	C	0.09%	1.04%	0.09%
	SBUX	A	0.04%	0.37%	0.04%
	SJM	D	0.07%	0.08%	0.07%
	SLB	C	0.03%	0.19%	0.03%
	SNA	A	0.04%	0.08%	0.04%
	SO	D	0.46%	0.22%	0.22%
	SPG	B	0.02%	0.3%	0.02%
	SRE	A	0.04%	0.17%	0.04%
	STLD	B	0.02%	0.22%	0.02%
	STX	D	0.01%	0.39%	0.01%
	SW	A	0.03%	0.13%	0.03%
	SWK	D	0.01%	0.05%	0.01%
	SWKS	F	0.03%	0.29%	0.03%
	SYY	B	0.03%	0.19%	0.03%
	T	A	0.39%	1.23%	0.39%
	TAP	C	0.01%	0.06%	0.01%
	TFC	A	0.09%	0.33%	0.09%
	TGT	F	0.15%	0.18%	0.15%
	TRGP	B	0.04%	0.12%	0.04%
	TROW	B	0.05%	0.18%	0.05%
	TRV	B	0.3%	0.27%	0.27%
	TSN	B	0.15%	0.08%	0.08%
	TXN	C	0.48%	2.89%	0.48%
	UDR	B	0.0%	0.02%	0.0%
	UNP	C	0.26%	0.49%	0.26%
	UPS	C	0.07%	0.69%	0.07%
	USB	A	0.09%	0.32%	0.09%
	VICI	C	0.02%	0.05%	0.02%
	VTR	C	0.01%	0.04%	0.01%
	VTRS	A	0.03%	0.1%	0.03%
	VZ	C	0.58%	1.53%	0.58%
	WBA	F	0.04%	0.09%	0.04%
	WEC	A	0.2%	0.11%	0.11%
	WFC	A	0.28%	2.46%	0.28%
	WMB	A	0.19%	0.24%	0.19%
	WPC	D	0.01%	0.06%	0.01%
	WSO	A	0.03%	0.03%	0.03%
	WTRG	B	0.01%	0.01%	0.01%
	WTW	B	0.07%	0.16%	0.07%
	WY	D	0.02%	0.08%	0.02%
	XEL	A	0.09%	0.1%	0.09%
	XOM	B	0.47%	2.92%	0.47%
	YUM	B	0.15%	0.11%	0.11%

QWLD Overweight 373 Positions Relative to DIVB

	Symbol	Grade	Weight
	AAPL	C	2.57%
	NVDA	C	2.53%
	MSFT	F	2.3%
	META	D	2.11%
	UNH	C	1.35%
	V	A	1.21%
	LLY	F	1.14%
	GOOGL	C	1.07%
	GOOG	C	0.94%
	NVS	D	0.79%
	TMUS	B	0.76%
	COST	B	0.76%
	WMT	A	0.76%
	BRK.A	B	0.73%
	MA	C	0.71%
	MSI	B	0.65%
	MCK	B	0.58%
	NFLX	A	0.54%
	WM	A	0.52%
	MMC	B	0.51%
	ROP	B	0.48%
	RSG	A	0.46%
	VRTX	F	0.43%
	APH	A	0.43%
	ADBE	C	0.42%
	COR	B	0.41%
	CB	C	0.4%
	AMZN	C	0.37%
	PGR	A	0.35%
	TJX	A	0.35%
	QCOM	F	0.32%
	REGN	F	0.31%
	GE	D	0.31%
	AMAT	F	0.29%
	AZO	C	0.28%
	INTU	C	0.27%
	UL	D	0.27%
	WCN	A	0.27%
	ACGL	D	0.26%
	HSBH	B	0.25%
	GDDY	A	0.25%
	ORCL	B	0.25%
	ISRG	A	0.25%
	ORLY	B	0.24%
	CBOE	B	0.24%
	MFG	B	0.24%
	ELV	F	0.21%
	EA	A	0.2%
	GM	B	0.19%
	AJG	B	0.19%
	ANET	C	0.19%
	CHD	B	0.19%
	GD	F	0.18%
	LRCX	F	0.18%
	PANW	C	0.18%
	KEYS	A	0.17%
	CMCSA	B	0.17%
	AON	A	0.17%
	L	A	0.17%
	CHKP	D	0.17%
	MPC	D	0.17%
	TSLA	B	0.16%
	FFIV	B	0.16%
	TM	D	0.15%
	UTHR	C	0.15%
	BAH	F	0.15%
	INCY	C	0.15%
	ZTS	D	0.15%
	TT	A	0.15%
	HUM	C	0.15%
	CMG	B	0.14%
	VRSN	F	0.14%
	BRO	B	0.14%
	CTAS	B	0.14%
	SHW	A	0.14%
	MUFG	B	0.14%
	WRB	A	0.14%
	KLAC	D	0.14%
	MKL	A	0.13%
	MCO	B	0.13%
	CDNS	B	0.13%
	ERIE	D	0.12%
	SNPS	B	0.12%
	TD	F	0.12%
	E	F	0.12%
	NBIX	C	0.11%
	AKAM	D	0.11%
	AVGO	D	0.11%
	PCAR	B	0.11%
	BCS	C	0.11%
	FCNCA	A	0.11%
	DEO	F	0.11%
	GWW	B	0.11%
	ADSK	A	0.1%
	DIS	B	0.1%
	CNI	D	0.1%
	INTC	D	0.1%
	SMFG	B	0.1%
	DHI	D	0.1%
	FI	A	0.09%
	LEN	D	0.09%
	LYG	F	0.09%
	VLO	C	0.08%
	ODFL	B	0.08%
	PTC	A	0.08%
	CPRT	A	0.08%
	ROL	B	0.08%
	KVUE	A	0.08%
	SONY	B	0.08%
	STLA	F	0.08%
	JKHY	D	0.07%
	WBD	C	0.07%
	MNST	C	0.07%
	HMC	F	0.07%
	EW	C	0.07%
	BMRN	D	0.07%
	CDW	F	0.07%
	LULU	C	0.07%
	BDX	F	0.07%
	IDXX	F	0.07%
	TSCO	D	0.06%
	TPL	A	0.06%
	LNG	B	0.06%
	TDY	B	0.06%
	CRM	B	0.06%
	EG	C	0.06%
	LIN	D	0.06%
	MOH	F	0.06%
	TMO	F	0.06%
	LOGI	D	0.06%
	DPZ	C	0.06%
	A	D	0.06%
	PHM	D	0.06%
	AXP	A	0.06%
	ULTA	F	0.06%
	NVR	D	0.06%
	BLDR	D	0.05%
	VEEV	C	0.05%
	LPLA	A	0.05%
	BTI	B	0.05%
	DOV	A	0.05%
	VLTO	D	0.05%
	ADM	D	0.05%
	CNC	D	0.05%
	DINO	D	0.05%
	FICO	B	0.05%
	MT	B	0.05%
	DHR	F	0.05%
	DECK	A	0.05%
	RMD	C	0.05%
	CHTR	C	0.05%
	GRMN	B	0.05%
	ADI	D	0.04%
	HCA	F	0.04%
	WST	C	0.04%
	SPGI	C	0.04%
	MANH	D	0.04%
	SYF	B	0.04%
	HUBB	B	0.04%
	MU	D	0.04%
	WAT	B	0.04%
	MO	A	0.04%
	MPWR	F	0.04%
	CTVA	C	0.04%
	SCHW	B	0.04%
	BR	A	0.04%
	WDAY	B	0.04%
	PYPL	B	0.04%
	EME	C	0.04%
	AVY	D	0.03%
	IEX	B	0.03%
	GGG	B	0.03%
	FDS	B	0.03%
	POOL	C	0.03%
	JBHT	C	0.03%
	CBRE	B	0.03%
	BKNG	A	0.03%
	ICE	C	0.03%
	PNR	A	0.03%
	SOLV	C	0.03%
	ETN	A	0.03%
	CSL	C	0.03%
	SYK	C	0.03%
	OC	A	0.03%
	PCG	A	0.03%
	STT	A	0.03%
	OXY	D	0.03%
	AMD	F	0.03%
	WSM	B	0.03%
	IT	C	0.03%
	EQIX	A	0.02%
	KMX	B	0.02%
	HAL	C	0.02%
	TTC	D	0.02%
	NXPI	D	0.02%
	MKTX	D	0.02%
	EQT	B	0.02%
	SQ	B	0.02%
	GEHC	F	0.02%
	APO	B	0.02%
	RS	B	0.02%
	SEIC	B	0.02%
	JBL	B	0.02%
	NMR	B	0.02%
	CEG	D	0.02%
	ROST	C	0.02%
	AER	B	0.02%
	MOS	F	0.02%
	RJF	A	0.02%
	DLR	B	0.02%
	WELL	A	0.02%
	PAYC	B	0.02%
	PH	A	0.02%
	CARR	D	0.02%
	NDSN	B	0.02%
	URI	B	0.02%
	O	D	0.02%
	DD	D	0.02%
	BSX	B	0.02%
	EPAM	C	0.02%
	KKR	A	0.02%
	GEV	B	0.02%
	ALLE	D	0.02%
	FCX	D	0.02%
	TER	D	0.02%
	DASH	A	0.01%
	CTLT	B	0.01%
	MGM	D	0.01%
	VRSK	A	0.01%
	FSLR	F	0.01%
	SBAC	D	0.01%
	MBAVU	D	0.01%
	RCL	A	0.01%
	DVA	B	0.01%
	RPM	A	0.01%
	TRU	D	0.01%
	TRMB	B	0.01%
	FOX	A	0.01%
	AVTR	F	0.01%
	NWSA	B	0.01%
	TTWO	A	0.01%
	STE	F	0.01%
	SUI	D	0.01%
	BURL	A	0.01%
	CCL	B	0.01%
	CE	F	0.01%
	EFX	F	0.01%
	TWLO	A	0.01%
	HLT	A	0.01%
	HSIC	B	0.01%
	RVTY	F	0.01%
	FTNT	C	0.01%
	COIN	C	0.01%
	MRNA	F	0.01%
	CCEP	C	0.01%
	DAL	C	0.01%
	ACM	A	0.01%
	HWM	A	0.01%
	XYL	D	0.01%
	ZM	B	0.01%
	CCK	C	0.01%
	AGCO	D	0.01%
	ZBRA	B	0.01%
	STZ	D	0.01%
	ARE	D	0.01%
	TDG	D	0.01%
	BALL	D	0.01%
	SSNC	B	0.01%
	DLTR	F	0.01%
	FTV	C	0.01%
	CPAY	A	0.01%
	WFG	D	0.01%
	ABNB	C	0.01%
	IR	B	0.01%
	SE	B	0.01%
	WDC	D	0.01%
	KNX	B	0.01%
	LDOS	C	0.01%
	HOLX	D	0.01%
	TXT	D	0.01%
	NDAQ	A	0.01%
	OTIS	C	0.01%
	VMC	B	0.01%
	BSY	D	0.01%
	MLM	B	0.01%
	ALB	C	0.01%
	MRVL	B	0.01%
	EXPE	B	0.01%
	UHS	D	0.01%
	IQV	D	0.01%
	J	F	0.01%
	APTV	D	0.01%
	PWR	A	0.01%
	MAR	B	0.01%
	ZBH	C	0.01%
	UBER	D	0.01%
	CRBG	B	0.01%
	DELL	C	0.01%
	VST	B	0.01%
	ATO	A	0.01%
	BIIB	F	0.01%
	AME	A	0.01%
	HES	B	0.01%
	FOXA	B	0.01%
	WAB	B	0.01%
	MELI	D	0.01%
	ON	D	0.01%
	BA	F	0.01%
	ECL	D	0.01%
	NOW	A	0.01%
	SMCI	F	0.01%
	PARA	C	0.01%
	ENPH	F	0.01%
	GLBE	B	0.0%
	IOT	A	0.0%
	NET	B	0.0%
	RBLX	C	0.0%
	XRX	F	0.0%
	DDOG	A	0.0%
	DKNG	B	0.0%
	TOST	B	0.0%
	SNAP	C	0.0%
	H	B	0.0%
	PSTG	D	0.0%
	FUTU	D	0.0%
	HEI	B	0.0%
	PINS	D	0.0%
	DT	C	0.0%
	DAY	B	0.0%
	SNOW	C	0.0%
	DOCU	A	0.0%
	EXAS	D	0.0%
	PODD	C	0.0%
	GRAB	B	0.0%
	TECH	D	0.0%
	ROKU	D	0.0%
	WYNN	D	0.0%
	OKTA	C	0.0%
	DXCM	D	0.0%
	CRWD	B	0.0%
	MSTR	C	0.0%
	TYL	B	0.0%
	LII	A	0.0%
	TTD	B	0.0%
	HOOD	B	0.0%
	ENTG	D	0.0%
	TW	A	0.0%
	HEI	B	0.0%
	RIVN	F	0.0%
	Z	A	0.0%
	WLK	D	0.0%
	MTCH	D	0.0%
	LYV	A	0.0%
	QGEN	D	0.0%
	LW	C	0.0%
	VRT	B	0.0%
	APP	B	0.0%
	BBWI	D	0.0%
	MSCI	C	0.0%
	CSGP	D	0.0%
	AXON	A	0.0%
	LVS	C	0.0%
	CRL	C	0.0%
	BIO	D	0.0%
	TFX	F	0.0%
	ILMN	D	0.0%
	QRVO	F	0.0%
	OTEX	D	0.0%
	ANSS	B	0.0%
	ALGN	D	0.0%
	PLTR	B	0.0%
	UHAL	D	0.0%
	FBIN	D	0.0%

QWLD Underweight 197 Positions Relative to DIVB

	Symbol	Grade	Weight
	TEL	B	-1.14%
	CRH	A	-0.46%
	AVT	C	-0.18%
	G	B	-0.16%
	ORI	A	-0.11%
	KLIC	B	-0.1%
	TPR	B	-0.09%
	SF	B	-0.07%
	RL	B	-0.07%
	WH	B	-0.07%
	UNM	A	-0.07%
	EVR	B	-0.07%
	OMF	A	-0.07%
	FHN	A	-0.07%
	SCI	B	-0.07%
	STWD	C	-0.06%
	VOYA	B	-0.06%
	RHI	B	-0.06%
	HRB	D	-0.06%
	WBS	A	-0.06%
	EWBC	A	-0.06%
	R	B	-0.06%
	HR	C	-0.06%
	EXE	B	-0.06%
	JEF	A	-0.05%
	ZION	B	-0.05%
	LAMR	D	-0.05%
	BYD	C	-0.05%
	BC	C	-0.05%
	AGO	B	-0.05%
	PR	B	-0.05%
	OWL	A	-0.05%
	BERY	B	-0.05%
	VSH	D	-0.05%
	ALV	C	-0.05%
	MTG	C	-0.05%
	OHI	C	-0.04%
	BRX	A	-0.04%
	FAF	A	-0.04%
	OZK	B	-0.04%
	CC	C	-0.04%
	HOG	D	-0.04%
	FMC	D	-0.04%
	JHG	A	-0.04%
	PII	D	-0.04%
	CNXC	F	-0.04%
	DLB	B	-0.04%
	CFR	B	-0.04%
	LEA	D	-0.04%
	OGE	B	-0.04%
	CIVI	D	-0.04%
	RDN	C	-0.04%
	SNV	B	-0.04%
	PBF	D	-0.04%
	MSM	C	-0.04%
	CUBE	D	-0.04%
	IVZ	B	-0.04%
	COLB	A	-0.04%
	IRDM	D	-0.04%
	CHH	A	-0.04%
	PNW	B	-0.04%
	RITM	C	-0.04%
	CMA	A	-0.04%
	BTU	B	-0.03%
	CNO	A	-0.03%
	NNN	D	-0.03%
	PAG	B	-0.03%
	VLY	B	-0.03%
	AM	A	-0.03%
	HP	B	-0.03%
	WEN	D	-0.03%
	PTEN	C	-0.03%
	HOMB	A	-0.03%
	CCOI	B	-0.03%
	MGY	A	-0.03%
	MAN	D	-0.03%
	RHP	B	-0.03%
	BPOP	B	-0.03%
	ASH	D	-0.03%
	XRAY	F	-0.03%
	CBSH	A	-0.03%
	HRI	B	-0.03%
	FHI	A	-0.03%
	DTM	B	-0.03%
	KRC	C	-0.03%
	LPX	B	-0.03%
	INGR	B	-0.03%
	ARCH	B	-0.03%
	KBH	D	-0.03%
	UGI	A	-0.03%
	PB	A	-0.03%
	HAS	D	-0.03%
	APLE	B	-0.02%
	BOKF	B	-0.02%
	PECO	A	-0.02%
	CDP	C	-0.02%
	PRGO	B	-0.02%
	GOLF	B	-0.02%
	IIPR	D	-0.02%
	FHB	A	-0.02%
	WAL	B	-0.02%
	ESNT	D	-0.02%
	FR	C	-0.02%
	AEO	F	-0.02%
	MC	C	-0.02%
	THG	A	-0.02%
	NFG	A	-0.02%
	GAP	C	-0.02%
	COLD	D	-0.02%
	THO	B	-0.02%
	RUSHA	C	-0.02%
	NHI	D	-0.02%
	PCH	D	-0.02%
	SIRI	C	-0.02%
	VCTR	B	-0.02%
	ABM	B	-0.02%
	SHOO	D	-0.02%
	IDA	A	-0.02%
	KTB	B	-0.02%
	CUZ	B	-0.02%
	ASB	B	-0.02%
	MAC	B	-0.02%
	VFC	C	-0.02%
	CRC	B	-0.02%
	SON	D	-0.02%
	APAM	B	-0.02%
	SSB	B	-0.02%
	OGN	D	-0.02%
	M	D	-0.02%
	GBCI	B	-0.02%
	STAG	F	-0.02%
	MUR	D	-0.02%
	KRG	B	-0.02%
	UBSI	B	-0.02%
	FLO	D	-0.02%
	AXS	A	-0.02%
	FNB	A	-0.02%
	SLG	B	-0.02%
	SBRA	C	-0.02%
	FRT	B	-0.02%
	EPR	D	-0.02%
	ONB	B	-0.02%
	IPAR	B	-0.01%
	OGS	A	-0.01%
	CWEN	C	-0.01%
	MCY	A	-0.01%
	TXNM	A	-0.01%
	DNB	B	-0.01%
	BKH	A	-0.01%
	AWR	B	-0.01%
	UCB	A	-0.01%
	MDU	D	-0.01%
	RRR	D	-0.01%
	TFSL	A	-0.01%
	SXT	B	-0.01%
	MGEE	C	-0.01%
	CNS	B	-0.01%
	ADT	C	-0.01%
	GEF	A	-0.01%
	AVNT	B	-0.01%
	KMPR	B	-0.01%
	HI	C	-0.01%
	LXP	D	-0.01%
	OTTR	C	-0.01%
	JWN	C	-0.01%
	AROC	B	-0.01%
	SEE	C	-0.01%
	IBOC	A	-0.01%
	NJR	A	-0.01%
	NEU	C	-0.01%
	FFIN	B	-0.01%
	CATY	B	-0.01%
	WD	D	-0.01%
	AGR	B	-0.01%
	CWEN	C	-0.01%
	SKT	B	-0.01%
	LCII	C	-0.01%
	SMG	D	-0.01%
	RYN	D	-0.01%
	NWL	B	-0.01%
	IRT	A	-0.01%
	AAP	C	-0.01%
	NSP	D	-0.01%
	WMG	C	-0.01%
	ALE	A	-0.01%
	HWC	B	-0.01%
	MAGN	F	-0.0%
	CADE	B	-0.0%
	RUSHB	B	-0.0%
	GEF	A	-0.0%
	AGNC	D	-0.0%
	SITC	D	-0.0%
	CRK	B	-0.0%
	AVA	A	-0.0%
	ACT	D	-0.0%
	REYN	D	-0.0%
	CVI	F	-0.0%

QWLD: Top Represented Industries & Keywords

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

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

DIVB: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric Asset Management Oil & Gas E&P REIT - Residential REIT - Retail Utilities - Diversified Packaged Foods Packaging & Containers REIT - Diversified Diversified Industrials REIT - Industrial Business Services Drug Manufacturers - Major Household & Personal Products Insurance - Property & Casualty Specialty Chemicals Insurance - Diversified Insurance - Life Insurance - Specialty

Keywords: S&P 500 Natural Gas Real Estate Investment Trust Bank Banking Electricity Insurance Nasdaq 100 Commercial Banking Dow Jones Component Deposit Products Financial Products Investment Bank Real Estate Market Cash Management Insurance Products Chemical Plastic Life Insurance Mining