QWLD vs. GUSA ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA)

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

$128.07

Average Daily Volume

3,476

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

GUSA

Goldman Sachs MarketBeta U.S. 1000 Equity ETF

GUSA Description

The fund seeks to invest at least 80% of its assets in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to measure the performance of equity securities of large and mid-capitalization equity issuers covering approximately the largest 1,000 of the free-float market capitalization in the U.S.

Grade (RS Rating)

Last Trade

$51.92

Average Daily Volume

6,960

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	GUSA
30 Days	-0.47%	2.49%
60 Days	0.20%	5.23%
90 Days	0.50%	6.74%
12 Months	22.20%	32.92%

581 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in GUSA	Overlap
	A	D	0.06%	0.07%	0.06%
	AAPL	C	2.57%	6.17%	2.57%
	ABBV	F	0.34%	0.54%	0.34%
	ABBV	F	0.16%	0.54%	0.16%
	ABNB	C	0.01%	0.1%	0.01%
	ABT	B	0.09%	0.37%	0.09%
	ACGL	C	0.26%	0.06%	0.06%
	ACI	C	0.02%	0.01%	0.01%
	ACM	B	0.01%	0.03%	0.01%
	ACN	B	0.65%	0.4%	0.4%
	ADBE	C	0.42%	0.4%	0.4%
	ADI	D	0.04%	0.19%	0.04%
	ADM	D	0.05%	0.05%	0.05%
	ADP	A	0.26%	0.22%	0.22%
	ADSK	A	0.1%	0.12%	0.1%
	AEE	A	0.09%	0.04%	0.04%
	AEP	C	0.07%	0.09%	0.07%
	AES	F	0.01%	0.02%	0.01%
	AFG	A	0.02%	0.02%	0.02%
	AFL	B	0.12%	0.1%	0.1%
	AGCO	D	0.01%	0.01%	0.01%
	AIG	B	0.07%	0.09%	0.07%
	AIZ	A	0.08%	0.02%	0.02%
	AJG	A	0.19%	0.11%	0.11%
	AKAM	D	0.11%	0.02%	0.02%
	ALB	B	0.01%	0.02%	0.01%
	ALGN	D	0.0%	0.03%	0.0%
	ALL	A	0.08%	0.09%	0.08%
	ALLE	C	0.02%	0.02%	0.02%
	ALLY	C	0.02%	0.02%	0.02%
	AMAT	F	0.29%	0.25%	0.25%
	AMCR	C	0.08%	0.03%	0.03%
	AMD	F	0.03%	0.41%	0.03%
	AME	A	0.01%	0.08%	0.01%
	AMGN	F	0.16%	0.27%	0.16%
	AMH	C	0.0%	0.02%	0.0%
	AMP	A	0.09%	0.1%	0.09%
	AMT	C	0.02%	0.17%	0.02%
	AMZN	C	0.37%	3.5%	0.37%
	ANET	C	0.19%	0.17%	0.17%
	ANSS	B	0.0%	0.05%	0.0%
	AON	A	0.17%	0.14%	0.14%
	AOS	F	0.02%	0.02%	0.02%
	APA	D	0.02%	0.01%	0.01%
	APD	A	0.03%	0.13%	0.03%
	APH	A	0.43%	0.15%	0.15%
	APO	B	0.02%	0.13%	0.02%
	APP	B	0.0%	0.13%	0.0%
	APTV	F	0.01%	0.03%	0.01%
	ARE	F	0.01%	0.03%	0.01%
	ARES	A	0.0%	0.06%	0.0%
	ATO	A	0.01%	0.04%	0.01%
	AVB	B	0.01%	0.06%	0.01%
	AVGO	D	0.11%	1.38%	0.11%
	AVTR	F	0.01%	0.02%	0.01%
	AVY	F	0.03%	0.03%	0.03%
	AWK	C	0.01%	0.05%	0.01%
	AXON	A	0.0%	0.08%	0.0%
	AXP	A	0.06%	0.29%	0.06%
	AZO	C	0.28%	0.1%	0.1%
	BA	F	0.01%	0.16%	0.01%
	BAC	A	0.39%	0.57%	0.39%
	BAH	F	0.15%	0.03%	0.03%
	BALL	F	0.01%	0.03%	0.01%
	BAX	F	0.01%	0.03%	0.01%
	BBWI	C	0.0%	0.01%	0.0%
	BBY	D	0.06%	0.03%	0.03%
	BDX	F	0.07%	0.12%	0.07%
	BEN	C	0.01%	0.01%	0.01%
	BG	D	0.03%	0.02%	0.02%
	BIIB	F	0.01%	0.04%	0.01%
	BIO	C	0.0%	0.01%	0.0%
	BK	A	0.05%	0.1%	0.05%
	BKNG	A	0.03%	0.3%	0.03%
	BKR	A	0.02%	0.08%	0.02%
	BLDR	D	0.05%	0.04%	0.04%
	BLK	B	0.25%	0.28%	0.25%
	BMRN	F	0.07%	0.02%	0.02%
	BMY	B	0.21%	0.22%	0.21%
	BR	A	0.04%	0.05%	0.04%
	BRK.A	B	0.73%	1.13%	0.73%
	BRO	B	0.14%	0.05%	0.05%
	BSX	A	0.02%	0.24%	0.02%
	BSY	F	0.01%	0.01%	0.01%
	BURL	B	0.01%	0.03%	0.01%
	BX	A	0.03%	0.24%	0.03%
	BXP	C	0.01%	0.02%	0.01%
	C	A	0.25%	0.23%	0.23%
	CAG	F	0.04%	0.02%	0.02%
	CAH	B	0.13%	0.05%	0.05%
	CARR	C	0.02%	0.11%	0.02%
	CAT	B	0.36%	0.34%	0.34%
	CB	C	0.4%	0.21%	0.21%
	CBOE	C	0.24%	0.04%	0.04%
	CBRE	B	0.03%	0.07%	0.03%
	CCI	C	0.01%	0.08%	0.01%
	CCK	D	0.01%	0.02%	0.01%
	CCL	A	0.01%	0.05%	0.01%
	CDNS	B	0.13%	0.15%	0.13%
	CDW	F	0.07%	0.04%	0.04%
	CE	F	0.01%	0.01%	0.01%
	CEG	C	0.02%	0.13%	0.02%
	CF	A	0.13%	0.03%	0.03%
	CFG	B	0.04%	0.04%	0.04%
	CG	B	0.01%	0.02%	0.01%
	CHD	A	0.19%	0.05%	0.05%
	CHRD	D	0.01%	0.01%	0.01%
	CHRW	B	0.01%	0.02%	0.01%
	CHTR	C	0.05%	0.07%	0.05%
	CI	D	0.18%	0.16%	0.16%
	CINF	A	0.02%	0.04%	0.02%
	CL	D	0.2%	0.14%	0.14%
	CLX	A	0.01%	0.04%	0.01%
	CMCSA	B	0.17%	0.3%	0.17%
	CME	B	0.16%	0.15%	0.15%
	CMG	B	0.14%	0.15%	0.14%
	CMI	A	0.1%	0.09%	0.09%
	CMS	C	0.05%	0.04%	0.04%
	CNC	D	0.05%	0.06%	0.05%
	CNH	C	0.01%	0.02%	0.01%
	CNP	A	0.01%	0.04%	0.01%
	COF	C	0.1%	0.12%	0.1%
	COIN	C	0.01%	0.12%	0.01%
	COP	C	0.1%	0.24%	0.1%
	COR	B	0.41%	0.08%	0.08%
	COST	A	0.76%	0.75%	0.75%
	CPAY	A	0.01%	0.05%	0.01%
	CPB	D	0.09%	0.02%	0.02%
	CPRT	B	0.08%	0.09%	0.08%
	CPT	B	0.01%	0.02%	0.01%
	CRBG	B	0.01%	0.01%	0.01%
	CRL	D	0.0%	0.02%	0.0%
	CRM	B	0.06%	0.55%	0.06%
	CRWD	B	0.0%	0.15%	0.0%
	CSCO	B	1.03%	0.42%	0.42%
	CSGP	D	0.0%	0.05%	0.0%
	CSL	C	0.03%	0.04%	0.03%
	CSX	C	0.11%	0.12%	0.11%
	CTAS	B	0.14%	0.14%	0.14%
	CTLT	C	0.01%	0.02%	0.01%
	CTRA	B	0.02%	0.03%	0.02%
	CTSH	B	0.2%	0.07%	0.07%
	CTVA	C	0.04%	0.07%	0.04%
	CVS	D	0.16%	0.13%	0.13%
	CVX	A	0.33%	0.5%	0.33%
	D	C	0.06%	0.09%	0.06%
	DAL	B	0.01%	0.08%	0.01%
	DASH	B	0.01%	0.1%	0.01%
	DAY	B	0.0%	0.02%	0.0%
	DD	C	0.02%	0.06%	0.02%
	DDOG	A	0.0%	0.07%	0.0%
	DE	B	0.06%	0.18%	0.06%
	DECK	A	0.05%	0.05%	0.05%
	DELL	B	0.01%	0.07%	0.01%
	DFS	B	0.04%	0.08%	0.04%
	DG	F	0.01%	0.03%	0.01%
	DGX	A	0.11%	0.03%	0.03%
	DHI	F	0.1%	0.09%	0.09%
	DHR	F	0.05%	0.27%	0.05%
	DINO	D	0.05%	0.01%	0.01%
	DIS	B	0.1%	0.37%	0.1%
	DKNG	B	0.0%	0.04%	0.0%
	DKS	D	0.02%	0.02%	0.02%
	DLR	B	0.02%	0.11%	0.02%
	DLTR	F	0.01%	0.02%	0.01%
	DOC	C	0.01%	0.03%	0.01%
	DOCU	B	0.0%	0.03%	0.0%
	DOV	A	0.05%	0.05%	0.05%
	DOW	F	0.03%	0.06%	0.03%
	DPZ	C	0.06%	0.03%	0.03%
	DRI	B	0.03%	0.03%	0.03%
	DT	D	0.0%	0.03%	0.0%
	DTE	C	0.02%	0.05%	0.02%
	DUK	C	0.36%	0.16%	0.16%
	DVA	C	0.01%	0.01%	0.01%
	DVN	F	0.03%	0.04%	0.03%
	DXCM	C	0.0%	0.05%	0.0%
	EA	A	0.2%	0.07%	0.07%
	EBAY	D	0.01%	0.05%	0.01%
	ECL	D	0.01%	0.11%	0.01%
	ED	C	0.35%	0.06%	0.06%
	EFX	F	0.01%	0.05%	0.01%
	EG	C	0.06%	0.02%	0.02%
	EIX	B	0.03%	0.06%	0.03%
	EL	F	0.01%	0.03%	0.01%
	ELS	C	0.0%	0.02%	0.0%
	ELV	F	0.21%	0.17%	0.17%
	EME	A	0.04%	0.04%	0.04%
	EMN	C	0.01%	0.02%	0.01%
	EMR	B	0.03%	0.14%	0.03%
	ENPH	F	0.01%	0.01%	0.01%
	ENTG	D	0.0%	0.03%	0.0%
	EOG	A	0.06%	0.14%	0.06%
	EPAM	B	0.02%	0.02%	0.02%
	EQH	C	0.01%	0.03%	0.01%
	EQIX	A	0.02%	0.16%	0.02%
	EQR	C	0.01%	0.05%	0.01%
	EQT	B	0.02%	0.05%	0.02%
	ERIE	D	0.12%	0.02%	0.02%
	ES	C	0.01%	0.04%	0.01%
	ESS	B	0.01%	0.04%	0.01%
	ETN	A	0.03%	0.26%	0.03%
	ETR	B	0.03%	0.06%	0.03%
	EVRG	A	0.01%	0.03%	0.01%
	EW	C	0.07%	0.08%	0.07%
	EXAS	D	0.0%	0.02%	0.0%
	EXC	C	0.03%	0.07%	0.03%
	EXPD	C	0.04%	0.03%	0.03%
	EXPE	B	0.01%	0.04%	0.01%
	EXR	C	0.01%	0.06%	0.01%
	F	C	0.09%	0.08%	0.08%
	FANG	C	0.09%	0.06%	0.06%
	FAST	B	0.09%	0.09%	0.09%
	FBIN	D	0.0%	0.02%	0.0%
	FCNCA	A	0.11%	0.05%	0.05%
	FCX	F	0.02%	0.12%	0.02%
	FDS	B	0.03%	0.03%	0.03%
	FDX	B	0.07%	0.12%	0.07%
	FE	C	0.01%	0.04%	0.01%
	FFIV	B	0.16%	0.03%	0.03%
	FI	A	0.09%	0.22%	0.09%
	FICO	B	0.05%	0.1%	0.05%
	FIS	C	0.02%	0.09%	0.02%
	FITB	B	0.03%	0.06%	0.03%
	FNF	B	0.01%	0.03%	0.01%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	A	0.01%	0.02%	0.01%
	FSLR	F	0.01%	0.03%	0.01%
	FTNT	C	0.01%	0.1%	0.01%
	FTV	C	0.01%	0.05%	0.01%
	GD	D	0.18%	0.12%	0.12%
	GDDY	A	0.25%	0.05%	0.05%
	GE	D	0.31%	0.35%	0.31%
	GEHC	D	0.02%	0.06%	0.02%
	GEN	B	0.12%	0.03%	0.03%
	GEV	B	0.02%	0.17%	0.02%
	GGG	B	0.03%	0.03%	0.03%
	GILD	C	0.24%	0.2%	0.2%
	GIS	D	0.33%	0.06%	0.06%
	GLPI	C	0.01%	0.02%	0.01%
	GLW	B	0.02%	0.07%	0.02%
	GM	C	0.19%	0.11%	0.11%
	GOOG	C	0.94%	1.71%	0.94%
	GOOGL	C	1.07%	1.9%	1.07%
	GPC	D	0.05%	0.03%	0.03%
	GPN	B	0.02%	0.05%	0.02%
	GRMN	B	0.05%	0.06%	0.05%
	GS	A	0.17%	0.33%	0.17%
	GWW	B	0.11%	0.09%	0.09%
	H	B	0.0%	0.01%	0.0%
	HAL	C	0.02%	0.05%	0.02%
	HBAN	A	0.03%	0.05%	0.03%
	HCA	F	0.04%	0.11%	0.04%
	HD	B	0.15%	0.74%	0.15%
	HEI	A	0.0%	0.02%	0.0%
	HEI	A	0.0%	0.03%	0.0%
	HEI	A	0.0%	0.02%	0.0%
	HEI	A	0.0%	0.03%	0.0%
	HES	B	0.01%	0.07%	0.01%
	HIG	B	0.03%	0.06%	0.03%
	HII	F	0.01%	0.01%	0.01%
	HLT	A	0.01%	0.11%	0.01%
	HOLX	D	0.01%	0.03%	0.01%
	HON	C	0.26%	0.27%	0.26%
	HOOD	B	0.0%	0.03%	0.0%
	HPE	B	0.04%	0.05%	0.04%
	HPQ	B	0.04%	0.06%	0.04%
	HRL	D	0.09%	0.02%	0.02%
	HSIC	C	0.01%	0.02%	0.01%
	HST	C	0.01%	0.02%	0.01%
	HSY	F	0.16%	0.05%	0.05%
	HUBB	B	0.04%	0.04%	0.04%
	HUM	C	0.15%	0.06%	0.06%
	HWM	A	0.01%	0.09%	0.01%
	IBM	C	0.46%	0.35%	0.35%
	ICE	C	0.03%	0.16%	0.03%
	IDXX	F	0.07%	0.06%	0.06%
	IEX	C	0.03%	0.03%	0.03%
	IFF	D	0.01%	0.04%	0.01%
	ILMN	C	0.0%	0.04%	0.0%
	INCY	C	0.15%	0.02%	0.02%
	INTC	C	0.1%	0.19%	0.1%
	INTU	B	0.27%	0.32%	0.27%
	INVH	D	0.01%	0.04%	0.01%
	IOT	A	0.0%	0.02%	0.0%
	IP	A	0.02%	0.04%	0.02%
	IPG	D	0.02%	0.02%	0.02%
	IQV	F	0.01%	0.06%	0.01%
	IR	B	0.01%	0.08%	0.01%
	IRM	C	0.01%	0.06%	0.01%
	ISRG	A	0.25%	0.35%	0.25%
	IT	C	0.03%	0.07%	0.03%
	ITW	B	0.13%	0.14%	0.13%
	J	D	0.01%	0.03%	0.01%
	JBHT	C	0.03%	0.03%	0.03%
	JBL	C	0.02%	0.03%	0.02%
	JCI	B	0.03%	0.1%	0.03%
	JKHY	D	0.07%	0.02%	0.02%
	JNJ	C	1.1%	0.67%	0.67%
	JNPR	D	0.12%	0.02%	0.02%
	JPM	A	0.6%	1.26%	0.6%
	K	A	0.23%	0.04%	0.04%
	KDP	F	0.14%	0.06%	0.06%
	KEY	B	0.02%	0.03%	0.02%
	KEYS	A	0.17%	0.05%	0.05%
	KHC	F	0.2%	0.04%	0.04%
	KIM	A	0.01%	0.03%	0.01%
	KKR	A	0.02%	0.19%	0.02%
	KLAC	F	0.14%	0.15%	0.14%
	KMB	C	0.11%	0.08%	0.08%
	KMI	A	0.04%	0.1%	0.04%
	KMX	B	0.02%	0.02%	0.02%
	KNX	C	0.01%	0.02%	0.01%
	KO	D	0.56%	0.44%	0.44%
	KR	B	0.31%	0.07%	0.07%
	KVUE	A	0.08%	0.08%	0.08%
	L	A	0.17%	0.03%	0.03%
	LDOS	C	0.01%	0.04%	0.01%
	LEN	D	0.09%	0.07%	0.07%
	LEN	D	0.09%	0.0%	0.0%
	LH	B	0.02%	0.04%	0.02%
	LHX	C	0.02%	0.08%	0.02%
	LII	A	0.0%	0.04%	0.0%
	LIN	C	0.06%	0.39%	0.06%
	LKQ	F	0.01%	0.02%	0.01%
	LLY	F	1.14%	1.13%	1.13%
	LMT	D	0.42%	0.23%	0.23%
	LNG	A	0.06%	0.09%	0.06%
	LNT	A	0.03%	0.03%	0.03%
	LOW	C	0.07%	0.27%	0.07%
	LPLA	A	0.05%	0.04%	0.04%
	LRCX	F	0.18%	0.17%	0.17%
	LULU	C	0.07%	0.06%	0.06%
	LUV	C	0.0%	0.04%	0.0%
	LVS	B	0.0%	0.03%	0.0%
	LW	C	0.0%	0.02%	0.0%
	LYB	F	0.03%	0.04%	0.03%
	LYV	A	0.0%	0.04%	0.0%
	MA	B	0.71%	0.78%	0.71%
	MAA	B	0.01%	0.03%	0.01%
	MANH	D	0.04%	0.03%	0.03%
	MAR	A	0.01%	0.12%	0.01%
	MAS	D	0.01%	0.03%	0.01%
	MCD	D	0.42%	0.38%	0.38%
	MCHP	F	0.06%	0.06%	0.06%
	MCK	A	0.58%	0.15%	0.15%
	MCO	B	0.13%	0.13%	0.13%
	MDLZ	F	0.14%	0.16%	0.14%
	MDT	D	0.06%	0.2%	0.06%
	MELI	C	0.01%	0.16%	0.01%
	MET	A	0.05%	0.09%	0.05%
	META	D	2.11%	2.23%	2.11%
	MGM	D	0.01%	0.02%	0.01%
	MKC	C	0.01%	0.03%	0.01%
	MKL	A	0.13%	0.04%	0.04%
	MKTX	D	0.02%	0.02%	0.02%
	MLM	C	0.01%	0.07%	0.01%
	MMC	B	0.51%	0.2%	0.2%
	MMM	D	0.14%	0.13%	0.13%
	MNST	C	0.07%	0.07%	0.07%
	MO	A	0.04%	0.17%	0.04%
	MOH	F	0.06%	0.03%	0.03%
	MOS	F	0.02%	0.02%	0.02%
	MPC	D	0.17%	0.1%	0.1%
	MPWR	F	0.04%	0.05%	0.04%
	MRK	D	0.42%	0.45%	0.42%
	MRNA	F	0.01%	0.02%	0.01%
	MRO	B	0.02%	0.03%	0.02%
	MRVL	B	0.01%	0.14%	0.01%
	MS	A	0.12%	0.3%	0.12%
	MSCI	C	0.0%	0.08%	0.0%
	MSFT	D	2.3%	5.59%	2.3%
	MSI	B	0.65%	0.15%	0.15%
	MSTR	B	0.0%	0.14%	0.0%
	MTB	A	0.05%	0.06%	0.05%
	MTCH	D	0.0%	0.01%	0.0%
	MU	D	0.04%	0.2%	0.04%
	NBIX	C	0.11%	0.02%	0.02%
	NDAQ	A	0.01%	0.06%	0.01%
	NDSN	B	0.02%	0.03%	0.02%
	NEE	C	0.06%	0.29%	0.06%
	NEM	D	0.04%	0.09%	0.04%
	NET	B	0.0%	0.05%	0.0%
	NFLX	A	0.54%	0.67%	0.54%
	NI	A	0.01%	0.03%	0.01%
	NKE	F	0.17%	0.16%	0.16%
	NOC	D	0.32%	0.13%	0.13%
	NOW	A	0.01%	0.38%	0.01%
	NRG	B	0.02%	0.04%	0.02%
	NSC	B	0.03%	0.11%	0.03%
	NTAP	C	0.04%	0.05%	0.04%
	NTRS	A	0.02%	0.04%	0.02%
	NUE	C	0.04%	0.06%	0.04%
	NVDA	B	2.53%	6.32%	2.53%
	NVR	D	0.06%	0.05%	0.05%
	NWSA	A	0.01%	0.02%	0.01%
	O	C	0.02%	0.09%	0.02%
	OC	A	0.03%	0.03%	0.03%
	ODFL	C	0.08%	0.07%	0.07%
	OKE	A	0.03%	0.12%	0.03%
	OKTA	C	0.0%	0.02%	0.0%
	OMC	C	0.04%	0.03%	0.03%
	ON	D	0.01%	0.05%	0.01%
	ORCL	A	0.25%	0.56%	0.25%
	ORLY	B	0.24%	0.13%	0.13%
	OTIS	C	0.01%	0.07%	0.01%
	OVV	B	0.02%	0.02%	0.02%
	OXY	D	0.03%	0.06%	0.03%
	PANW	B	0.18%	0.23%	0.18%
	PARA	C	0.01%	0.01%	0.01%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	B	0.1%	0.08%	0.08%
	PCAR	B	0.11%	0.1%	0.1%
	PCG	A	0.03%	0.08%	0.03%
	PEG	A	0.02%	0.08%	0.02%
	PEP	F	0.77%	0.39%	0.39%
	PFE	F	0.18%	0.26%	0.18%
	PFG	D	0.02%	0.04%	0.02%
	PG	C	0.95%	0.73%	0.73%
	PGR	A	0.35%	0.27%	0.27%
	PH	A	0.02%	0.16%	0.02%
	PHM	D	0.06%	0.05%	0.05%
	PINS	F	0.0%	0.03%	0.0%
	PKG	A	0.04%	0.04%	0.04%
	PLD	F	0.04%	0.19%	0.04%
	PLTR	B	0.0%	0.23%	0.0%
	PM	B	0.07%	0.37%	0.07%
	PNC	B	0.1%	0.15%	0.1%
	PNR	A	0.03%	0.03%	0.03%
	PODD	C	0.0%	0.03%	0.0%
	POOL	C	0.03%	0.03%	0.03%
	PPG	F	0.01%	0.05%	0.01%
	PPL	A	0.01%	0.05%	0.01%
	PRU	A	0.05%	0.08%	0.05%
	PSA	C	0.09%	0.1%	0.09%
	PSTG	D	0.0%	0.03%	0.0%
	PSX	C	0.14%	0.1%	0.1%
	PTC	B	0.08%	0.04%	0.04%
	PWR	A	0.01%	0.09%	0.01%
	PYPL	B	0.04%	0.16%	0.04%
	QCOM	F	0.32%	0.33%	0.32%
	QGEN	D	0.0%	0.02%	0.0%
	QRVO	F	0.0%	0.01%	0.0%
	RBLX	C	0.0%	0.05%	0.0%
	RCL	A	0.01%	0.1%	0.01%
	REG	A	0.01%	0.02%	0.01%
	REGN	F	0.31%	0.14%	0.14%
	RF	A	0.03%	0.04%	0.03%
	RIVN	F	0.0%	0.01%	0.0%
	RJF	A	0.02%	0.06%	0.02%
	RMD	C	0.05%	0.06%	0.05%
	ROK	C	0.06%	0.06%	0.06%
	ROKU	D	0.0%	0.02%	0.0%
	ROL	B	0.08%	0.03%	0.03%
	ROP	B	0.48%	0.11%	0.11%
	ROST	D	0.02%	0.08%	0.02%
	RPM	A	0.01%	0.03%	0.01%
	RPRX	D	0.01%	0.02%	0.01%
	RS	B	0.02%	0.03%	0.02%
	RSG	A	0.46%	0.08%	0.08%
	RTX	D	0.09%	0.29%	0.09%
	RVTY	F	0.01%	0.03%	0.01%
	SBAC	D	0.01%	0.04%	0.01%
	SBUX	A	0.04%	0.2%	0.04%
	SCHW	B	0.04%	0.22%	0.04%
	SEIC	B	0.02%	0.01%	0.01%
	SHW	B	0.14%	0.16%	0.14%
	SJM	D	0.07%	0.02%	0.02%
	SLB	C	0.03%	0.11%	0.03%
	SMCI	F	0.01%	0.03%	0.01%
	SNA	A	0.04%	0.03%	0.03%
	SNAP	D	0.0%	0.02%	0.0%
	SNOW	B	0.0%	0.08%	0.0%
	SNPS	B	0.12%	0.15%	0.12%
	SO	C	0.46%	0.18%	0.18%
	SOLV	D	0.03%	0.02%	0.02%
	SPG	A	0.02%	0.11%	0.02%
	SPGI	C	0.04%	0.29%	0.04%
	SQ	A	0.02%	0.09%	0.02%
	SRE	A	0.04%	0.11%	0.04%
	SSNC	B	0.01%	0.03%	0.01%
	STE	D	0.01%	0.04%	0.01%
	STLD	B	0.02%	0.04%	0.02%
	STT	B	0.03%	0.05%	0.03%
	STX	C	0.01%	0.04%	0.01%
	STZ	D	0.01%	0.07%	0.01%
	SUI	C	0.01%	0.03%	0.01%
	SW	A	0.03%	0.05%	0.03%
	SWK	D	0.01%	0.02%	0.01%
	SWKS	F	0.03%	0.02%	0.02%
	SYF	B	0.04%	0.05%	0.04%
	SYK	B	0.03%	0.23%	0.03%
	SYY	D	0.03%	0.07%	0.03%
	T	A	0.39%	0.3%	0.3%
	TAP	C	0.01%	0.02%	0.01%
	TDG	D	0.01%	0.13%	0.01%
	TDY	B	0.06%	0.04%	0.04%
	TECH	F	0.0%	0.02%	0.0%
	TER	F	0.02%	0.03%	0.02%
	TFC	A	0.09%	0.11%	0.09%
	TFX	F	0.0%	0.02%	0.0%
	TGT	F	0.15%	0.13%	0.13%
	TJX	A	0.35%	0.25%	0.25%
	TMO	F	0.06%	0.35%	0.06%
	TMUS	B	0.76%	0.21%	0.21%
	TOST	B	0.0%	0.03%	0.0%
	TPL	A	0.06%	0.06%	0.06%
	TRGP	A	0.04%	0.08%	0.04%
	TRMB	B	0.01%	0.03%	0.01%
	TROW	B	0.05%	0.05%	0.05%
	TRU	D	0.01%	0.03%	0.01%
	TRV	B	0.3%	0.11%	0.11%
	TSCO	D	0.06%	0.05%	0.05%
	TSLA	B	0.16%	1.76%	0.16%
	TSN	B	0.15%	0.03%	0.03%
	TT	A	0.15%	0.17%	0.15%
	TTC	C	0.02%	0.02%	0.02%
	TTD	B	0.0%	0.1%	0.0%
	TTWO	A	0.01%	0.06%	0.01%
	TW	A	0.0%	0.03%	0.0%
	TWLO	A	0.01%	0.03%	0.01%
	TXN	C	0.48%	0.33%	0.33%
	TXT	D	0.01%	0.03%	0.01%
	TYL	B	0.0%	0.05%	0.0%
	UBER	F	0.01%	0.26%	0.01%
	UDR	B	0.0%	0.03%	0.0%
	UHAL	D	0.0%	0.01%	0.0%
	UHAL	D	0.0%	0.0%	0.0%
	UHS	D	0.01%	0.02%	0.01%
	ULTA	F	0.06%	0.03%	0.03%
	UNH	B	1.35%	0.97%	0.97%
	UNP	C	0.26%	0.26%	0.26%
	UPS	C	0.07%	0.18%	0.07%
	URI	C	0.02%	0.1%	0.02%
	USB	A	0.09%	0.14%	0.09%
	UTHR	C	0.15%	0.03%	0.03%
	V	A	1.21%	0.95%	0.95%
	VEEV	C	0.05%	0.06%	0.05%
	VICI	C	0.02%	0.06%	0.02%
	VLO	C	0.08%	0.08%	0.08%
	VLTO	C	0.05%	0.04%	0.04%
	VMC	B	0.01%	0.07%	0.01%
	VRSK	A	0.01%	0.07%	0.01%
	VRSN	C	0.14%	0.03%	0.03%
	VRT	B	0.0%	0.09%	0.0%
	VRTX	D	0.43%	0.21%	0.21%
	VST	A	0.01%	0.1%	0.01%
	VTR	B	0.01%	0.05%	0.01%
	VTRS	A	0.03%	0.03%	0.03%
	VZ	C	0.58%	0.32%	0.32%
	WAB	B	0.01%	0.06%	0.01%
	WAT	C	0.04%	0.04%	0.04%
	WBA	F	0.04%	0.01%	0.01%
	WBD	B	0.07%	0.04%	0.04%
	WDAY	B	0.04%	0.1%	0.04%
	WDC	D	0.01%	0.04%	0.01%
	WEC	A	0.2%	0.06%	0.06%
	WELL	A	0.02%	0.15%	0.02%
	WFC	A	0.28%	0.46%	0.28%
	WLK	D	0.0%	0.01%	0.0%
	WM	B	0.52%	0.16%	0.16%
	WMB	A	0.19%	0.13%	0.13%
	WMT	A	0.76%	0.69%	0.69%
	WPC	C	0.01%	0.02%	0.01%
	WRB	A	0.14%	0.03%	0.03%
	WSM	C	0.03%	0.03%	0.03%
	WSO	A	0.03%	0.03%	0.03%
	WST	C	0.04%	0.04%	0.04%
	WTRG	B	0.01%	0.02%	0.01%
	WTW	B	0.07%	0.06%	0.06%
	WY	F	0.02%	0.04%	0.02%
	WYNN	C	0.0%	0.02%	0.0%
	XEL	A	0.09%	0.07%	0.07%
	XOM	B	0.47%	0.96%	0.47%
	XYL	D	0.01%	0.05%	0.01%
	YUM	D	0.15%	0.07%	0.07%
	Z	A	0.0%	0.02%	0.0%
	ZBH	C	0.01%	0.04%	0.01%
	ZBRA	B	0.01%	0.04%	0.01%
	ZM	C	0.01%	0.04%	0.01%
	ZTS	D	0.15%	0.15%	0.15%

QWLD Overweight 33 Positions Relative to GUSA

	Symbol	Grade	Weight
	NVS	F	0.79%
	UL	D	0.27%
	WCN	A	0.27%
	HSBH	B	0.25%
	MFG	A	0.24%
	CHKP	C	0.17%
	TM	F	0.15%
	MUFG	B	0.14%
	TD	D	0.12%
	E	F	0.12%
	BCS	A	0.11%
	DEO	F	0.11%
	CNI	F	0.1%
	SMFG	B	0.1%
	LYG	D	0.09%
	SONY	B	0.08%
	STLA	F	0.08%
	HMC	F	0.07%
	LOGI	D	0.06%
	BTI	B	0.05%
	MT	B	0.05%
	NXPI	D	0.02%
	NMR	B	0.02%
	AER	A	0.02%
	MBAVU	C	0.01%
	CCEP	C	0.01%
	WFG	C	0.01%
	SE	A	0.01%
	GLBE	B	0.0%
	XRX	F	0.0%
	FUTU	D	0.0%
	GRAB	A	0.0%
	OTEX	F	0.0%

QWLD Underweight 397 Positions Relative to GUSA

	Symbol	Grade	Weight
	SPOT	B	-0.12%
	FLUT	A	-0.09%
	TEAM	A	-0.07%
	UAL	A	-0.06%
	HUBS	A	-0.06%
	CPNG	D	-0.05%
	CVNA	B	-0.05%
	ALNY	D	-0.05%
	IBKR	A	-0.04%
	MDB	B	-0.04%
	MTD	F	-0.04%
	SAIA	B	-0.03%
	CW	C	-0.03%
	SFM	A	-0.03%
	EWBC	A	-0.03%
	AFRM	A	-0.03%
	FLEX	B	-0.03%
	USFD	A	-0.03%
	RGA	A	-0.03%
	CASY	A	-0.03%
	GWRE	A	-0.03%
	TOL	B	-0.03%
	XPO	B	-0.03%
	NTNX	B	-0.03%
	FIX	A	-0.03%
	YUMC	C	-0.03%
	ZS	B	-0.03%
	NTRA	A	-0.03%
	SKX	D	-0.02%
	RL	C	-0.02%
	CFR	B	-0.02%
	EGP	D	-0.02%
	RRC	B	-0.02%
	GPK	C	-0.02%
	FRT	B	-0.02%
	PR	B	-0.02%
	PLNT	A	-0.02%
	SNX	D	-0.02%
	PCTY	C	-0.02%
	RBC	A	-0.02%
	CBSH	B	-0.02%
	CR	A	-0.02%
	HQY	A	-0.02%
	EXEL	B	-0.02%
	AXTA	B	-0.02%
	ZION	B	-0.02%
	GLOB	B	-0.02%
	RVMD	C	-0.02%
	WMS	F	-0.02%
	OGE	A	-0.02%
	MORN	B	-0.02%
	PEN	B	-0.02%
	BILL	A	-0.02%
	X	B	-0.02%
	TPX	B	-0.02%
	ORI	A	-0.02%
	AR	B	-0.02%
	FLR	B	-0.02%
	CMA	B	-0.02%
	CRS	B	-0.02%
	BRX	A	-0.02%
	MTZ	B	-0.02%
	FN	C	-0.02%
	SCCO	F	-0.02%
	DCI	B	-0.02%
	WCC	B	-0.02%
	INGR	C	-0.02%
	TKO	A	-0.02%
	PNFP	B	-0.02%
	REXR	F	-0.02%
	DOX	D	-0.02%
	AAL	B	-0.02%
	GMED	A	-0.02%
	BRBR	A	-0.02%
	SRPT	F	-0.02%
	HLI	A	-0.02%
	ARMK	B	-0.02%
	CHDN	B	-0.02%
	CIEN	C	-0.02%
	WAL	B	-0.02%
	AYI	B	-0.02%
	LAD	A	-0.02%
	GL	C	-0.02%
	RGLD	C	-0.02%
	EHC	B	-0.02%
	LBRDK	C	-0.02%
	CACI	D	-0.02%
	OHI	C	-0.02%
	EXP	B	-0.02%
	MUSA	B	-0.02%
	WING	D	-0.02%
	PRI	B	-0.02%
	RDDT	A	-0.02%
	ALSN	B	-0.02%
	DTM	A	-0.02%
	PCVX	D	-0.02%
	WBS	A	-0.02%
	MLI	B	-0.02%
	AIT	B	-0.02%
	WWD	C	-0.02%
	PNW	A	-0.02%
	BLD	D	-0.02%
	FND	D	-0.02%
	KNSL	B	-0.02%
	FHN	A	-0.02%
	GME	C	-0.02%
	EVR	B	-0.02%
	GNRC	C	-0.02%
	TTEK	F	-0.02%
	ATR	B	-0.02%
	CUBE	C	-0.02%
	NCLH	B	-0.02%
	LAMR	C	-0.02%
	SF	B	-0.02%
	BJ	A	-0.02%
	LECO	C	-0.02%
	RRX	B	-0.02%
	AA	A	-0.02%
	INSM	C	-0.02%
	DUOL	A	-0.02%
	SCI	B	-0.02%
	JEF	A	-0.02%
	BWXT	B	-0.02%
	JLL	D	-0.02%
	ITT	A	-0.02%
	FTI	A	-0.02%
	CLH	C	-0.02%
	NVT	B	-0.02%
	PFGC	B	-0.02%
	TPR	B	-0.02%
	TXRH	B	-0.02%
	OWL	A	-0.02%
	COHR	B	-0.02%
	UNM	A	-0.02%
	THC	D	-0.02%
	RNR	C	-0.02%
	SOFI	B	-0.02%
	ADTN	A	-0.01%
	AMKR	D	-0.01%
	TNET	F	-0.01%
	HESM	B	-0.01%
	CACC	D	-0.01%
	SATS	D	-0.01%
	COLM	C	-0.01%
	PAG	B	-0.01%
	NSA	C	-0.01%
	CRVL	B	-0.01%
	HUN	F	-0.01%
	NUVL	C	-0.01%
	NWS	A	-0.01%
	GFS	C	-0.01%
	DNB	B	-0.01%
	ZG	A	-0.01%
	ACHC	F	-0.01%
	IAC	F	-0.01%
	DDS	B	-0.01%
	LANC	C	-0.01%
	PII	F	-0.01%
	MDU	D	-0.01%
	MSM	C	-0.01%
	ASGN	F	-0.01%
	RYN	D	-0.01%
	OPCH	D	-0.01%
	M	F	-0.01%
	OGN	F	-0.01%
	W	D	-0.01%
	ASH	F	-0.01%
	ZETA	D	-0.01%
	ENLC	A	-0.01%
	HOG	D	-0.01%
	XRAY	F	-0.01%
	SIG	B	-0.01%
	STEP	C	-0.01%
	FLO	D	-0.01%
	ROIV	C	-0.01%
	CELH	F	-0.01%
	NSIT	F	-0.01%
	CHH	A	-0.01%
	WMG	D	-0.01%
	CIVI	D	-0.01%
	GAP	C	-0.01%
	DLB	B	-0.01%
	EEFT	B	-0.01%
	APPF	B	-0.01%
	AN	C	-0.01%
	SLGN	A	-0.01%
	PSN	D	-0.01%
	BRKR	D	-0.01%
	CHWY	B	-0.01%
	SWX	B	-0.01%
	KRC	B	-0.01%
	MGY	A	-0.01%
	BYD	B	-0.01%
	TENB	C	-0.01%
	FIVE	F	-0.01%
	CNM	D	-0.01%
	MUR	D	-0.01%
	ST	F	-0.01%
	IONS	F	-0.01%
	EXPO	D	-0.01%
	RH	C	-0.01%
	VKTX	F	-0.01%
	TKR	D	-0.01%
	SON	F	-0.01%
	MMS	F	-0.01%
	SN	D	-0.01%
	OLN	F	-0.01%
	HXL	F	-0.01%
	IBP	D	-0.01%
	PATH	C	-0.01%
	NXST	C	-0.01%
	FFIN	B	-0.01%
	AL	B	-0.01%
	SEE	C	-0.01%
	ABG	C	-0.01%
	HCP	B	-0.01%
	SM	B	-0.01%
	VVV	D	-0.01%
	INSP	D	-0.01%
	UGI	C	-0.01%
	QLYS	B	-0.01%
	OZK	B	-0.01%
	GATX	A	-0.01%
	POST	C	-0.01%
	BC	C	-0.01%
	CYTK	F	-0.01%
	AM	A	-0.01%
	LEA	F	-0.01%
	AMG	B	-0.01%
	LNTH	D	-0.01%
	CLF	F	-0.01%
	CRUS	D	-0.01%
	BROS	A	-0.01%
	UBSI	B	-0.01%
	SIRI	C	-0.01%
	NFG	A	-0.01%
	THO	B	-0.01%
	EDR	A	-0.01%
	PVH	C	-0.01%
	TPG	A	-0.01%
	HALO	F	-0.01%
	ETSY	D	-0.01%
	IVZ	B	-0.01%
	RMBS	B	-0.01%
	WTS	B	-0.01%
	VNT	C	-0.01%
	JHG	B	-0.01%
	FOUR	A	-0.01%
	PCOR	B	-0.01%
	SUM	B	-0.01%
	LNC	C	-0.01%
	AUR	C	-0.01%
	THG	A	-0.01%
	ALTR	B	-0.01%
	ESNT	F	-0.01%
	CROX	D	-0.01%
	SAIC	F	-0.01%
	CHX	C	-0.01%
	U	C	-0.01%
	STWD	C	-0.01%
	WFRD	D	-0.01%
	SIGI	C	-0.01%
	BPMC	B	-0.01%
	LFUS	D	-0.01%
	IDA	A	-0.01%
	NOVT	D	-0.01%
	LYFT	C	-0.01%
	WHR	B	-0.01%
	SITE	F	-0.01%
	ESI	B	-0.01%
	ARW	D	-0.01%
	GBCI	B	-0.01%
	MSA	F	-0.01%
	MAT	D	-0.01%
	DBX	B	-0.01%
	COLD	D	-0.01%
	NOV	C	-0.01%
	COKE	C	-0.01%
	CFLT	B	-0.01%
	BFAM	D	-0.01%
	MTN	C	-0.01%
	DOCS	C	-0.01%
	VNO	C	-0.01%
	MTH	D	-0.01%
	OMF	A	-0.01%
	LSTR	D	-0.01%
	SPSC	D	-0.01%
	MTDR	B	-0.01%
	FYBR	C	-0.01%
	ONB	C	-0.01%
	STAG	D	-0.01%
	ELAN	D	-0.01%
	WSC	F	-0.01%
	RHP	B	-0.01%
	FAF	A	-0.01%
	ELF	C	-0.01%
	DAR	C	-0.01%
	MOD	A	-0.01%
	AXS	A	-0.01%
	RGEN	D	-0.01%
	LSCC	D	-0.01%
	AZEK	A	-0.01%
	LNW	F	-0.01%
	ALV	C	-0.01%
	AGNC	C	-0.01%
	BPOP	C	-0.01%
	HLNE	B	-0.01%
	FCN	F	-0.01%
	EXLS	B	-0.01%
	ALK	B	-0.01%
	CGNX	D	-0.01%
	GNTX	C	-0.01%
	VMI	B	-0.01%
	RYAN	A	-0.01%
	MTSI	B	-0.01%
	ANF	F	-0.01%
	GXO	B	-0.01%
	MKSI	C	-0.01%
	ESAB	C	-0.01%
	CMC	B	-0.01%
	TMHC	C	-0.01%
	FMC	D	-0.01%
	FR	D	-0.01%
	RLI	A	-0.01%
	OSK	C	-0.01%
	GTLS	A	-0.01%
	WEX	D	-0.01%
	S	B	-0.01%
	MHK	D	-0.01%
	ATI	C	-0.01%
	APG	B	-0.01%
	JAZZ	B	-0.01%
	VFC	C	-0.01%
	RHI	C	-0.01%
	OLED	F	-0.01%
	LPX	B	-0.01%
	CVLT	B	-0.01%
	WH	B	-0.01%
	G	B	-0.01%
	MIDD	C	-0.01%
	ESTC	C	-0.01%
	MASI	B	-0.01%
	JXN	C	-0.01%
	TREX	C	-0.01%
	GTLB	B	-0.01%
	SMAR	B	-0.01%
	MEDP	D	-0.01%
	PB	B	-0.01%
	KEX	B	-0.01%
	ITCI	C	-0.01%
	UFPI	C	-0.01%
	GKOS	B	-0.01%
	BWA	D	-0.01%
	KBR	F	-0.01%
	SSD	F	-0.01%
	BERY	C	-0.01%
	ADC	A	-0.01%
	HRB	D	-0.01%
	CZR	F	-0.01%
	VOYA	B	-0.01%
	SNV	C	-0.01%
	CHE	D	-0.01%
	ENSG	C	-0.01%
	ONTO	F	-0.01%
	FLS	B	-0.01%
	SSB	B	-0.01%
	NNN	C	-0.01%
	HAS	D	-0.01%
	NYT	D	-0.01%
	WTFC	A	-0.01%
	AAON	B	-0.01%
	UWMC	D	-0.0%
	BLCO	B	-0.0%
	CWEN	C	-0.0%
	CNA	C	-0.0%
	BIRK	D	-0.0%
	DJT	C	-0.0%
	INFA	D	-0.0%
	LBRDA	C	-0.0%
	IMVT	F	-0.0%
	REYN	D	-0.0%
	LEVI	F	-0.0%
	RKT	F	-0.0%
	CLVT	D	-0.0%
	LCID	F	-0.0%
	IGT	F	-0.0%
	PPC	C	-0.0%
	SMMT	D	-0.0%
	RCM	A	-0.0%
	KNTK	A	-0.0%
	CWEN	C	-0.0%
	CPRI	F	-0.0%
	BBIO	F	-0.0%
	COTY	F	-0.0%
	AGR	A	-0.0%
	STNG	F	-0.0%
	BOKF	B	-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

GUSA: Top Represented Industries & Keywords

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

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