QWLD vs. ONEV ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to SPDR Russell 1000 Low Volatility Focus ETF (ONEV)

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

ONEV

SPDR Russell 1000 Low Volatility Focus ETF

ONEV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Low Volatility Focused Factor Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising low volatility characteristics. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$133.75

Average Daily Volume

4,833

Number of Holdings ^*

415

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	ONEV
30 Days	0.82%	4.10%
60 Days	0.23%	4.09%
90 Days	0.87%	5.47%
12 Months	22.65%	26.02%

232 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in ONEV	Overlap
	A	D	0.06%	0.42%	0.06%
	ACGL	D	0.26%	0.93%	0.26%
	ACI	C	0.02%	0.19%	0.02%
	ACM	A	0.01%	0.19%	0.01%
	ADM	D	0.05%	0.55%	0.05%
	AEE	A	0.09%	0.39%	0.09%
	AEP	D	0.07%	0.28%	0.07%
	AES	F	0.01%	0.04%	0.01%
	AFG	A	0.02%	0.08%	0.02%
	AGCO	D	0.01%	0.14%	0.01%
	AIZ	A	0.08%	0.18%	0.08%
	AKAM	D	0.11%	0.29%	0.11%
	ALLE	D	0.02%	0.23%	0.02%
	AMCR	D	0.08%	0.35%	0.08%
	AME	A	0.01%	0.2%	0.01%
	AMH	D	0.0%	0.12%	0.0%
	ANSS	B	0.0%	0.29%	0.0%
	AON	A	0.17%	0.56%	0.17%
	AOS	F	0.02%	0.25%	0.02%
	ATO	A	0.01%	0.64%	0.01%
	AVB	B	0.01%	0.26%	0.01%
	AVY	D	0.03%	0.17%	0.03%
	AWK	D	0.01%	0.16%	0.01%
	AZO	C	0.28%	0.7%	0.28%
	BAH	F	0.15%	0.22%	0.15%
	BALL	D	0.01%	0.13%	0.01%
	BAX	D	0.01%	0.15%	0.01%
	BBY	D	0.06%	0.72%	0.06%
	BEN	C	0.01%	0.06%	0.01%
	BG	F	0.03%	0.17%	0.03%
	BMY	B	0.21%	1.44%	0.21%
	BR	A	0.04%	0.45%	0.04%
	BRO	B	0.14%	0.33%	0.14%
	CAG	D	0.04%	0.2%	0.04%
	CAH	B	0.13%	1.07%	0.13%
	CBOE	B	0.24%	0.65%	0.24%
	CBRE	B	0.03%	0.3%	0.03%
	CCK	C	0.01%	0.15%	0.01%
	CE	F	0.01%	0.13%	0.01%
	CF	B	0.13%	0.19%	0.13%
	CHD	B	0.19%	0.21%	0.19%
	CHRW	C	0.01%	0.11%	0.01%
	CHTR	C	0.05%	0.54%	0.05%
	CINF	A	0.02%	0.69%	0.02%
	CL	D	0.2%	0.25%	0.2%
	CLX	B	0.01%	0.3%	0.01%
	CMI	A	0.1%	0.71%	0.1%
	CMS	C	0.05%	0.29%	0.05%
	CNC	D	0.05%	0.63%	0.05%
	CNH	C	0.01%	0.06%	0.01%
	CNP	B	0.01%	0.25%	0.01%
	COR	B	0.41%	0.67%	0.41%
	CPAY	A	0.01%	0.24%	0.01%
	CPB	D	0.09%	0.2%	0.09%
	CPT	B	0.01%	0.22%	0.01%
	CRL	C	0.0%	0.07%	0.0%
	CSL	C	0.03%	0.19%	0.03%
	CSX	B	0.11%	0.27%	0.11%
	CTRA	B	0.02%	0.31%	0.02%
	CTSH	B	0.2%	1.46%	0.2%
	CTVA	C	0.04%	0.15%	0.04%
	CVS	D	0.16%	0.29%	0.16%
	D	C	0.06%	0.31%	0.06%
	DG	F	0.01%	0.33%	0.01%
	DGX	A	0.11%	0.39%	0.11%
	DHI	D	0.1%	0.32%	0.1%
	DINO	D	0.05%	0.05%	0.05%
	DLTR	F	0.01%	0.19%	0.01%
	DOV	A	0.05%	0.18%	0.05%
	DPZ	C	0.06%	0.18%	0.06%
	DTE	C	0.02%	0.19%	0.02%
	DVA	B	0.01%	0.2%	0.01%
	EA	A	0.2%	0.79%	0.2%
	EBAY	D	0.01%	0.64%	0.01%
	ED	D	0.35%	0.31%	0.31%
	EG	C	0.06%	0.57%	0.06%
	EIX	B	0.03%	0.24%	0.03%
	ELS	C	0.0%	0.22%	0.0%
	EME	C	0.04%	0.32%	0.04%
	EMN	D	0.01%	0.21%	0.01%
	EQR	B	0.01%	0.24%	0.01%
	ES	D	0.01%	0.13%	0.01%
	ESS	B	0.01%	0.13%	0.01%
	ETR	B	0.03%	0.52%	0.03%
	EVRG	A	0.01%	0.32%	0.01%
	EXC	C	0.03%	0.35%	0.03%
	EXPD	D	0.04%	0.38%	0.04%
	FAST	B	0.09%	0.63%	0.09%
	FBIN	D	0.0%	0.08%	0.0%
	FCNCA	A	0.11%	0.16%	0.11%
	FDS	B	0.03%	0.49%	0.03%
	FDX	B	0.07%	0.27%	0.07%
	FE	C	0.01%	0.19%	0.01%
	FFIV	B	0.16%	0.51%	0.16%
	FOX	A	0.01%	0.19%	0.01%
	FOXA	B	0.01%	0.36%	0.01%
	FTV	C	0.01%	0.18%	0.01%
	GDDY	A	0.25%	0.32%	0.25%
	GEHC	F	0.02%	0.49%	0.02%
	GEN	B	0.12%	0.27%	0.12%
	GGG	B	0.03%	0.29%	0.03%
	GILD	C	0.24%	0.88%	0.24%
	GIS	D	0.33%	0.35%	0.33%
	GPC	D	0.05%	0.54%	0.05%
	GRMN	B	0.05%	0.51%	0.05%
	GWW	B	0.11%	0.42%	0.11%
	HIG	B	0.03%	0.26%	0.03%
	HII	D	0.01%	0.24%	0.01%
	HOLX	D	0.01%	0.21%	0.01%
	HPE	B	0.04%	0.59%	0.04%
	HRL	D	0.09%	0.12%	0.09%
	HSIC	B	0.01%	0.07%	0.01%
	HST	C	0.01%	0.16%	0.01%
	HSY	F	0.16%	0.27%	0.16%
	HUBB	B	0.04%	0.12%	0.04%
	HUM	C	0.15%	0.75%	0.15%
	IEX	B	0.03%	0.23%	0.03%
	INCY	C	0.15%	0.41%	0.15%
	IP	B	0.02%	0.47%	0.02%
	IPG	D	0.02%	0.25%	0.02%
	ITW	B	0.13%	0.34%	0.13%
	J	F	0.01%	0.34%	0.01%
	JBHT	C	0.03%	0.26%	0.03%
	JBL	B	0.02%	0.45%	0.02%
	JKHY	D	0.07%	0.21%	0.07%
	JNPR	F	0.12%	0.41%	0.12%
	K	A	0.23%	0.39%	0.23%
	KEYS	A	0.17%	0.35%	0.17%
	KHC	F	0.2%	0.16%	0.16%
	KMB	D	0.11%	0.42%	0.11%
	KNX	B	0.01%	0.17%	0.01%
	KR	B	0.31%	0.57%	0.31%
	KVUE	A	0.08%	0.57%	0.08%
	L	A	0.17%	0.22%	0.17%
	LDOS	C	0.01%	0.54%	0.01%
	LH	C	0.02%	0.55%	0.02%
	LII	A	0.0%	0.17%	0.0%
	LKQ	D	0.01%	0.13%	0.01%
	LNT	A	0.03%	0.2%	0.03%
	LPLA	A	0.05%	0.17%	0.05%
	LUV	C	0.0%	0.37%	0.0%
	MAA	B	0.01%	0.31%	0.01%
	MAS	D	0.01%	0.33%	0.01%
	MCK	B	0.58%	0.7%	0.58%
	MKC	D	0.01%	0.18%	0.01%
	MKL	A	0.13%	0.47%	0.13%
	MKTX	D	0.02%	0.18%	0.02%
	MNST	C	0.07%	0.18%	0.07%
	MO	A	0.04%	0.59%	0.04%
	MOH	F	0.06%	0.32%	0.06%
	MSCI	C	0.0%	0.32%	0.0%
	NBIX	C	0.11%	0.11%	0.11%
	NDAQ	A	0.01%	0.18%	0.01%
	NDSN	B	0.02%	0.08%	0.02%
	NI	A	0.01%	0.28%	0.01%
	NOC	D	0.32%	0.27%	0.27%
	NRG	B	0.02%	0.13%	0.02%
	NTAP	C	0.04%	0.54%	0.04%
	NUE	C	0.04%	0.34%	0.04%
	NVR	D	0.06%	0.42%	0.06%
	NWSA	B	0.01%	0.12%	0.01%
	OC	A	0.03%	0.21%	0.03%
	ODFL	B	0.08%	0.18%	0.08%
	OMC	C	0.04%	0.5%	0.04%
	ORLY	B	0.24%	0.73%	0.24%
	OTIS	C	0.01%	0.28%	0.01%
	PAYX	C	0.1%	0.33%	0.1%
	PCAR	B	0.11%	0.48%	0.11%
	PEG	A	0.02%	0.38%	0.02%
	PHM	D	0.06%	0.28%	0.06%
	PKG	A	0.04%	0.32%	0.04%
	PNR	A	0.03%	0.14%	0.03%
	POOL	C	0.03%	0.37%	0.03%
	PPG	F	0.01%	0.21%	0.01%
	PPL	B	0.01%	0.25%	0.01%
	PSA	D	0.09%	0.64%	0.09%
	QGEN	D	0.0%	0.15%	0.0%
	QRVO	F	0.0%	0.09%	0.0%
	ROK	B	0.06%	0.25%	0.06%
	ROL	B	0.08%	0.21%	0.08%
	RPM	A	0.01%	0.24%	0.01%
	RPRX	D	0.01%	0.36%	0.01%
	RS	B	0.02%	0.64%	0.02%
	RSG	A	0.46%	0.18%	0.18%
	SBAC	D	0.01%	0.24%	0.01%
	SEIC	B	0.02%	0.3%	0.02%
	SJM	D	0.07%	0.23%	0.07%
	SNA	A	0.04%	0.55%	0.04%
	SOLV	C	0.03%	0.34%	0.03%
	SRE	A	0.04%	0.37%	0.04%
	SSNC	B	0.01%	0.17%	0.01%
	STE	F	0.01%	0.19%	0.01%
	STLD	B	0.02%	0.23%	0.02%
	SWKS	F	0.03%	0.49%	0.03%
	SYF	B	0.04%	0.15%	0.04%
	SYY	B	0.03%	0.23%	0.03%
	TAP	C	0.01%	0.25%	0.01%
	TDY	B	0.06%	0.09%	0.06%
	TECH	D	0.0%	0.1%	0.0%
	TFX	F	0.0%	0.11%	0.0%
	TGT	F	0.15%	0.47%	0.15%
	TROW	B	0.05%	0.61%	0.05%
	TRV	B	0.3%	0.36%	0.3%
	TSCO	D	0.06%	0.49%	0.06%
	TSN	B	0.15%	0.15%	0.15%
	TTC	D	0.02%	0.13%	0.02%
	TW	A	0.0%	0.16%	0.0%
	TXT	D	0.01%	0.19%	0.01%
	UDR	B	0.0%	0.18%	0.0%
	UHAL	D	0.0%	0.01%	0.0%
	UHAL	D	0.0%	0.08%	0.0%
	UHS	D	0.01%	0.18%	0.01%
	UTHR	C	0.15%	0.61%	0.15%
	VICI	C	0.02%	0.27%	0.02%
	VMC	B	0.01%	0.14%	0.01%
	VRSK	A	0.01%	0.26%	0.01%
	VRSN	F	0.14%	0.58%	0.14%
	VST	B	0.01%	0.24%	0.01%
	VTRS	A	0.03%	0.29%	0.03%
	WBA	F	0.04%	0.05%	0.04%
	WEC	A	0.2%	0.35%	0.2%
	WLK	D	0.0%	0.03%	0.0%
	WPC	D	0.01%	0.2%	0.01%
	WRB	A	0.14%	0.38%	0.14%
	WSO	A	0.03%	0.24%	0.03%
	WST	C	0.04%	0.29%	0.04%
	WTRG	B	0.01%	0.13%	0.01%
	WTW	B	0.07%	0.27%	0.07%
	WY	D	0.02%	0.2%	0.02%
	XEL	A	0.09%	0.53%	0.09%
	YUM	B	0.15%	0.33%	0.15%
	ZBH	C	0.01%	0.23%	0.01%

QWLD Overweight 379 Positions Relative to ONEV

	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%
	JNJ	D	1.1%
	GOOGL	C	1.07%
	CSCO	B	1.03%
	PG	A	0.95%
	GOOG	C	0.94%
	NVS	D	0.79%
	PEP	F	0.77%
	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%
	ACN	C	0.65%
	JPM	A	0.6%
	VZ	C	0.58%
	KO	D	0.56%
	NFLX	A	0.54%
	WM	A	0.52%
	MMC	B	0.51%
	ROP	B	0.48%
	TXN	C	0.48%
	XOM	B	0.47%
	SO	D	0.46%
	IBM	C	0.46%
	VRTX	F	0.43%
	APH	A	0.43%
	MCD	D	0.42%
	LMT	D	0.42%
	ADBE	C	0.42%
	MRK	F	0.42%
	CB	C	0.4%
	T	A	0.39%
	BAC	A	0.39%
	AMZN	C	0.37%
	DUK	C	0.36%
	CAT	B	0.36%
	PGR	A	0.35%
	TJX	A	0.35%
	ABBV	D	0.34%
	CVX	A	0.33%
	QCOM	F	0.32%
	REGN	F	0.31%
	GE	D	0.31%
	AMAT	F	0.29%
	WFC	A	0.28%
	INTU	C	0.27%
	UL	D	0.27%
	WCN	A	0.27%
	ADP	B	0.26%
	UNP	C	0.26%
	HON	B	0.26%
	HSBH	B	0.25%
	C	A	0.25%
	BLK	C	0.25%
	ORCL	B	0.25%
	ISRG	A	0.25%
	MFG	B	0.24%
	ELV	F	0.21%
	GM	B	0.19%
	AJG	B	0.19%
	ANET	C	0.19%
	WMB	A	0.19%
	GD	F	0.18%
	CI	F	0.18%
	PFE	D	0.18%
	LRCX	F	0.18%
	PANW	C	0.18%
	CMCSA	B	0.17%
	NKE	D	0.17%
	CHKP	D	0.17%
	GS	A	0.17%
	MPC	D	0.17%
	ABBV	D	0.16%
	TSLA	B	0.16%
	CME	A	0.16%
	AMGN	D	0.16%
	TM	D	0.15%
	HD	A	0.15%
	ZTS	D	0.15%
	TT	A	0.15%
	CMG	B	0.14%
	KDP	D	0.14%
	PSX	C	0.14%
	CTAS	B	0.14%
	MMM	D	0.14%
	SHW	A	0.14%
	MUFG	B	0.14%
	MDLZ	F	0.14%
	KLAC	D	0.14%
	MCO	B	0.13%
	CDNS	B	0.13%
	ERIE	D	0.12%
	MS	A	0.12%
	AFL	B	0.12%
	SNPS	B	0.12%
	TD	F	0.12%
	E	F	0.12%
	AVGO	D	0.11%
	BCS	C	0.11%
	DEO	F	0.11%
	PNC	B	0.1%
	ADSK	A	0.1%
	DIS	B	0.1%
	COF	B	0.1%
	COP	C	0.1%
	CNI	D	0.1%
	INTC	D	0.1%
	SMFG	B	0.1%
	FI	A	0.09%
	LEN	D	0.09%
	FANG	D	0.09%
	LYG	F	0.09%
	TFC	A	0.09%
	RTX	C	0.09%
	USB	A	0.09%
	AMP	A	0.09%
	ABT	B	0.09%
	F	C	0.09%
	ALL	A	0.08%
	VLO	C	0.08%
	PTC	A	0.08%
	CPRT	A	0.08%
	SONY	B	0.08%
	STLA	F	0.08%
	WBD	C	0.07%
	HMC	F	0.07%
	AIG	B	0.07%
	UPS	C	0.07%
	EW	C	0.07%
	BMRN	D	0.07%
	PM	B	0.07%
	CDW	F	0.07%
	LULU	C	0.07%
	BDX	F	0.07%
	IDXX	F	0.07%
	LOW	D	0.07%
	NEE	D	0.06%
	TPL	A	0.06%
	MCHP	D	0.06%
	LNG	B	0.06%
	CRM	B	0.06%
	EOG	A	0.06%
	MDT	D	0.06%
	LIN	D	0.06%
	TMO	F	0.06%
	LOGI	D	0.06%
	AXP	A	0.06%
	ULTA	F	0.06%
	DE	A	0.06%
	BLDR	D	0.05%
	VEEV	C	0.05%
	MTB	A	0.05%
	BTI	B	0.05%
	VLTO	D	0.05%
	PRU	A	0.05%
	FICO	B	0.05%
	MT	B	0.05%
	MET	A	0.05%
	DHR	F	0.05%
	DECK	A	0.05%
	BK	A	0.05%
	RMD	C	0.05%
	NEM	D	0.04%
	ADI	D	0.04%
	HCA	F	0.04%
	SPGI	C	0.04%
	SBUX	A	0.04%
	MANH	D	0.04%
	KMI	A	0.04%
	CFG	B	0.04%
	MU	D	0.04%
	WAT	B	0.04%
	MPWR	F	0.04%
	SCHW	B	0.04%
	HPQ	B	0.04%
	WDAY	B	0.04%
	TRGP	B	0.04%
	DFS	B	0.04%
	PLD	D	0.04%
	PYPL	B	0.04%
	DVN	F	0.03%
	LYB	F	0.03%
	BX	A	0.03%
	SW	A	0.03%
	NSC	B	0.03%
	APD	A	0.03%
	BKNG	A	0.03%
	ICE	C	0.03%
	JCI	C	0.03%
	ETN	A	0.03%
	EMR	A	0.03%
	SLB	C	0.03%
	OKE	A	0.03%
	HBAN	A	0.03%
	SYK	C	0.03%
	PCG	A	0.03%
	STT	A	0.03%
	RF	A	0.03%
	DRI	B	0.03%
	OXY	D	0.03%
	AMD	F	0.03%
	DOW	F	0.03%
	FITB	A	0.03%
	WSM	B	0.03%
	IT	C	0.03%
	ALLY	C	0.02%
	EQIX	A	0.02%
	KMX	B	0.02%
	HAL	C	0.02%
	NXPI	D	0.02%
	EQT	B	0.02%
	SQ	B	0.02%
	APO	B	0.02%
	NMR	B	0.02%
	CEG	D	0.02%
	NTRS	A	0.02%
	ROST	C	0.02%
	OVV	B	0.02%
	SPG	B	0.02%
	AER	B	0.02%
	MOS	F	0.02%
	FIS	C	0.02%
	RJF	A	0.02%
	PFG	D	0.02%
	DLR	B	0.02%
	WELL	A	0.02%
	PAYC	B	0.02%
	PH	A	0.02%
	CARR	D	0.02%
	GLW	B	0.02%
	MRO	B	0.02%
	GPN	B	0.02%
	URI	B	0.02%
	AMT	D	0.02%
	O	D	0.02%
	DD	D	0.02%
	DKS	C	0.02%
	BSX	B	0.02%
	BKR	B	0.02%
	EPAM	C	0.02%
	KKR	A	0.02%
	GEV	B	0.02%
	FCX	D	0.02%
	KEY	B	0.02%
	LHX	C	0.02%
	APA	D	0.02%
	TER	D	0.02%
	DASH	A	0.01%
	CTLT	B	0.01%
	MGM	D	0.01%
	FSLR	F	0.01%
	MBAVU	D	0.01%
	RCL	A	0.01%
	EL	F	0.01%
	GLPI	C	0.01%
	TRU	D	0.01%
	TRMB	B	0.01%
	AVTR	F	0.01%
	TTWO	A	0.01%
	SUI	D	0.01%
	REG	B	0.01%
	BURL	A	0.01%
	IRM	D	0.01%
	CCL	B	0.01%
	STX	D	0.01%
	INVH	D	0.01%
	EFX	F	0.01%
	TWLO	A	0.01%
	HLT	A	0.01%
	RVTY	F	0.01%
	CG	A	0.01%
	FTNT	C	0.01%
	COIN	C	0.01%
	DOC	D	0.01%
	MRNA	F	0.01%
	CCEP	C	0.01%
	DAL	C	0.01%
	HWM	A	0.01%
	XYL	D	0.01%
	BXP	D	0.01%
	ZM	B	0.01%
	CHRD	D	0.01%
	ZBRA	B	0.01%
	STZ	D	0.01%
	ARE	D	0.01%
	TDG	D	0.01%
	WFG	D	0.01%
	ABNB	C	0.01%
	IR	B	0.01%
	SE	B	0.01%
	WDC	D	0.01%
	VTR	C	0.01%
	IFF	D	0.01%
	BSY	D	0.01%
	KIM	A	0.01%
	MLM	B	0.01%
	ALB	C	0.01%
	MRVL	B	0.01%
	EXPE	B	0.01%
	EQH	B	0.01%
	IQV	D	0.01%
	APTV	D	0.01%
	FNF	B	0.01%
	PWR	A	0.01%
	MAR	B	0.01%
	UBER	D	0.01%
	CRBG	B	0.01%
	DELL	C	0.01%
	SWK	D	0.01%
	BIIB	F	0.01%
	HES	B	0.01%
	WAB	B	0.01%
	MELI	D	0.01%
	ON	D	0.01%
	BA	F	0.01%
	EXR	D	0.01%
	ECL	D	0.01%
	NOW	A	0.01%
	CCI	D	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%
	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%
	TTD	B	0.0%
	HOOD	B	0.0%
	ENTG	D	0.0%
	HEI	B	0.0%
	RIVN	F	0.0%
	Z	A	0.0%
	MTCH	D	0.0%
	LYV	A	0.0%
	LW	C	0.0%
	VRT	B	0.0%
	APP	B	0.0%
	BBWI	D	0.0%
	CSGP	D	0.0%
	AXON	A	0.0%
	LVS	C	0.0%
	BIO	D	0.0%
	ILMN	D	0.0%
	OTEX	D	0.0%
	ALGN	D	0.0%
	PLTR	B	0.0%
	ARES	A	0.0%

QWLD Underweight 183 Positions Relative to ONEV

	Symbol	Grade	Weight
	CASY	A	-0.54%
	RNR	C	-0.48%
	ALSN	B	-0.37%
	INGR	B	-0.36%
	DOX	D	-0.36%
	BJ	A	-0.33%
	CACI	D	-0.32%
	SCI	B	-0.3%
	HRB	D	-0.3%
	CUBE	D	-0.3%
	HLI	B	-0.3%
	CHE	D	-0.3%
	BWA	D	-0.29%
	JAZZ	B	-0.28%
	RHI	B	-0.28%
	LECO	B	-0.28%
	MUSA	A	-0.27%
	GNTX	C	-0.26%
	DCI	B	-0.26%
	G	B	-0.26%
	OGE	B	-0.26%
	RLI	B	-0.26%
	EHC	B	-0.26%
	GL	B	-0.26%
	DBX	B	-0.25%
	LSTR	D	-0.24%
	PNW	B	-0.24%
	RL	B	-0.24%
	ATR	B	-0.23%
	SAIC	F	-0.23%
	PRI	A	-0.22%
	AMG	B	-0.22%
	DTM	B	-0.21%
	SKX	D	-0.21%
	NFG	A	-0.2%
	EXEL	B	-0.19%
	MAT	D	-0.19%
	NYT	C	-0.19%
	ORI	A	-0.18%
	CNM	D	-0.18%
	SIRI	C	-0.18%
	MTG	C	-0.18%
	VVV	F	-0.18%
	AYI	B	-0.17%
	VFC	C	-0.17%
	BWXT	B	-0.17%
	KNSL	B	-0.17%
	EXP	A	-0.17%
	ITT	A	-0.17%
	OSK	B	-0.17%
	MTN	C	-0.17%
	FR	C	-0.17%
	LAMR	D	-0.17%
	LOPE	B	-0.17%
	CRUS	D	-0.16%
	SSD	D	-0.16%
	MTD	D	-0.16%
	RGLD	C	-0.16%
	JHG	A	-0.16%
	GPK	C	-0.16%
	PSN	D	-0.15%
	FCN	D	-0.15%
	WHR	B	-0.15%
	DLB	B	-0.15%
	LEA	D	-0.14%
	CIEN	B	-0.14%
	SON	D	-0.14%
	IDA	A	-0.14%
	EVR	B	-0.14%
	MSM	C	-0.14%
	CW	B	-0.14%
	POST	C	-0.13%
	BERY	B	-0.13%
	WU	D	-0.13%
	VMI	B	-0.13%
	NEU	C	-0.13%
	AAON	B	-0.12%
	SNX	C	-0.12%
	FIX	A	-0.12%
	EGP	F	-0.12%
	FLO	D	-0.12%
	TXRH	C	-0.12%
	COKE	C	-0.12%
	PII	D	-0.12%
	CR	A	-0.12%
	FYBR	D	-0.11%
	MSGS	A	-0.11%
	AWI	A	-0.11%
	NNN	D	-0.11%
	LBRDK	C	-0.11%
	IBKR	A	-0.11%
	MAN	D	-0.1%
	AXS	A	-0.1%
	PINC	B	-0.1%
	RYN	D	-0.1%
	SLGN	A	-0.1%
	COLM	B	-0.1%
	VNT	B	-0.1%
	AGO	B	-0.09%
	GXO	B	-0.09%
	PRGO	B	-0.09%
	UGI	A	-0.09%
	ALK	C	-0.08%
	NWL	B	-0.08%
	BRKR	D	-0.08%
	STAG	F	-0.08%
	ARW	D	-0.08%
	AXTA	A	-0.08%
	R	B	-0.08%
	BRBR	A	-0.08%
	IPGP	D	-0.07%
	ASH	D	-0.07%
	TTEK	F	-0.07%
	MDU	D	-0.07%
	KEX	C	-0.07%
	NXST	C	-0.07%
	CRI	D	-0.07%
	CBSH	A	-0.07%
	CHH	A	-0.07%
	VOYA	B	-0.07%
	OGN	D	-0.07%
	DNB	B	-0.06%
	CXT	B	-0.06%
	ESI	A	-0.06%
	ESAB	B	-0.06%
	XRAY	F	-0.06%
	AAP	C	-0.06%
	BC	C	-0.06%
	PB	A	-0.06%
	MORN	B	-0.06%
	NSA	D	-0.06%
	LFUS	F	-0.06%
	SN	D	-0.06%
	SITE	D	-0.06%
	FLS	B	-0.06%
	GO	C	-0.06%
	ADC	B	-0.06%
	VSTS	C	-0.06%
	WH	B	-0.05%
	TKR	D	-0.05%
	FTRE	D	-0.05%
	OZK	B	-0.05%
	MSA	D	-0.05%
	SNDR	B	-0.05%
	REYN	D	-0.05%
	KRC	C	-0.05%
	CWEN	C	-0.04%
	CGNX	C	-0.04%
	SAM	C	-0.04%
	AGR	B	-0.04%
	WSC	D	-0.04%
	FIVE	F	-0.04%
	AMED	F	-0.04%
	IRDM	D	-0.04%
	BFAM	D	-0.04%
	NWS	B	-0.04%
	THG	A	-0.04%
	FAF	A	-0.04%
	MIDD	C	-0.04%
	FMC	D	-0.04%
	LEG	F	-0.04%
	HIW	D	-0.04%
	WWD	B	-0.04%
	EEFT	B	-0.04%
	HUN	F	-0.04%
	PAG	B	-0.03%
	VIRT	B	-0.03%
	HOG	D	-0.03%
	GTES	A	-0.03%
	OLLI	D	-0.03%
	NVST	B	-0.03%
	CWEN	C	-0.02%
	LBRDA	C	-0.02%
	ST	F	-0.02%
	CNA	B	-0.02%
	SEE	C	-0.02%
	FHB	A	-0.02%
	PPC	C	-0.02%
	CACC	D	-0.02%
	TNL	A	-0.02%
	SEB	F	-0.02%
	UAA	C	-0.01%
	UA	C	-0.01%

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

ONEV: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Packaged Foods Business Services Packaging & Containers Insurance - Property & Casualty Specialty Retail Capital Markets Biotechnology REIT - Residential Building Materials Diagnostics & Research Medical Instruments & Supplies Scientific & Technical Instruments Utilities - Diversified Apparel Manufacturing Asset Management Household & Personal Products REIT - Industrial Specialty Chemicals

Keywords: S&P 500 Electricity Insurance Electronics Nasdaq 100 Natural Gas Chemical Aerospace Mining Real Estate Investment Trust Beverage Telecommunications Insurance Products Plastic Transport Adhesives Biotechnology Metals Plumbing Banking