QWLD vs. QUS ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to SPDR MSCI USA Quality Mix ETF (QUS)

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

$119.22

Average Daily Volume

6,414

Number of Holdings ^*

539

* may have additional holdings in another (foreign) market

QUS

SPDR MSCI USA Quality Mix ETF

QUS Description

The investment seeks to track the performance of the MSCI USA Quality Mix A-Series Index. The fund invests at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the equity market performance of large-and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility. It is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI USA Value Weighted Index, the MSCI USA Quality Index, and the MSCI USA Minimum Volatility Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$144.25

Average Daily Volume

20,684

Number of Holdings ^*

593

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	QUS
30 Days	0.44%	0.04%
60 Days	1.08%	1.27%
90 Days	4.71%	3.87%
12 Months	19.67%	25.13%

512 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in QUS	Overlap
	A	C	0.07%	0.12%	0.07%
	AAPL	B	1.87%	2.48%	1.87%
	ABBV	D	0.36%	1.21%	0.36%
	ABBV	D	0.14%	1.21%	0.14%
	ABT	F	0.09%	0.15%	0.09%
	ACGL	A	0.03%	0.12%	0.03%
	ACI	D	0.01%	0.03%	0.01%
	ACN	D	0.61%	1.04%	0.61%
	ADBE	D	0.41%	0.64%	0.41%
	ADI	A	0.05%	0.13%	0.05%
	ADM	C	0.04%	0.07%	0.04%
	ADP	D	0.25%	0.44%	0.25%
	ADSK	F	0.01%	0.12%	0.01%
	AEE	C	0.07%	0.1%	0.07%
	AEP	A	0.15%	0.19%	0.15%
	AES	B	0.01%	0.02%	0.01%
	AFG	C	0.03%	0.15%	0.03%
	AFL	A	0.1%	0.18%	0.1%
	AIG	A	0.08%	0.15%	0.08%
	AIZ	D	0.06%	0.15%	0.06%
	AJG	C	0.15%	0.4%	0.15%
	AKAM	D	0.12%	0.17%	0.12%
	ALB	C	0.03%	0.02%	0.02%
	ALGN	F	0.01%	0.02%	0.01%
	ALL	B	0.1%	0.08%	0.08%
	ALLE	D	0.02%	0.03%	0.02%
	ALLY	B	0.03%	0.04%	0.03%
	AMAT	C	0.37%	0.57%	0.37%
	AMCR	A	0.1%	0.14%	0.1%
	AMD	D	0.05%	0.09%	0.05%
	AMGN	B	0.24%	0.3%	0.24%
	AMP	C	0.1%	0.15%	0.1%
	AMT	D	0.02%	0.03%	0.02%
	AMZN	A	0.39%	0.72%	0.39%
	ANET	C	0.13%	0.21%	0.13%
	AON	F	0.13%	0.16%	0.13%
	AOS	C	0.03%	0.01%	0.01%
	APA	F	0.0%	0.01%	0.0%
	APD	C	0.01%	0.12%	0.01%
	APH	A	0.36%	0.77%	0.36%
	APO	C	0.01%	0.01%	0.01%
	APTV	D	0.01%	0.02%	0.01%
	ARE	D	0.01%	0.03%	0.01%
	ATO	A	0.01%	0.03%	0.01%
	AVB	A	0.01%	0.02%	0.01%
	AVGO	C	0.96%	2.3%	0.96%
	AVTR	D	0.0%	0.02%	0.0%
	AVY	A	0.04%	0.01%	0.01%
	AWK	B	0.03%	0.03%	0.03%
	AXP	A	0.06%	0.12%	0.06%
	AZO	D	0.3%	0.37%	0.3%
	BA	F	0.02%	0.03%	0.02%
	BAC	B	0.4%	0.74%	0.4%
	BAH	B	0.16%	0.16%	0.16%
	BALL	B	0.01%	0.02%	0.01%
	BAX	F	0.02%	0.02%	0.02%
	BBWI	C	0.01%	0.02%	0.01%
	BBY	D	0.06%	0.08%	0.06%
	BDX	F	0.1%	0.28%	0.1%
	BEN	F	0.01%	0.01%	0.01%
	BG	B	0.02%	0.05%	0.02%
	BIIB	C	0.02%	0.04%	0.02%
	BIO	F	0.01%	0.01%	0.01%
	BK	A	0.05%	0.08%	0.05%
	BKNG	B	0.02%	0.02%	0.02%
	BKR	D	0.02%	0.04%	0.02%
	BLDR	D	0.06%	0.1%	0.06%
	BLK	D	0.21%	0.35%	0.21%
	BMRN	F	0.09%	0.12%	0.09%
	BMY	F	0.23%	0.33%	0.23%
	BR	D	0.02%	0.07%	0.02%
	BRK.A	D	0.68%	1.1%	0.68%
	BRO	C	0.12%	0.01%	0.01%
	BSX	B	0.03%	0.04%	0.03%
	BURL	D	0.01%	0.01%	0.01%
	BWA	B	0.01%	0.02%	0.01%
	BX	D	0.03%	0.04%	0.03%
	BXP	F	0.0%	0.02%	0.0%
	C	A	0.34%	0.63%	0.34%
	CAG	B	0.05%	0.03%	0.03%
	CAH	F	0.06%	0.1%	0.06%
	CARR	A	0.03%	0.04%	0.03%
	CAT	D	0.32%	0.12%	0.12%
	CB	C	0.26%	0.52%	0.26%
	CBOE	C	0.2%	0.28%	0.2%
	CBRE	D	0.03%	0.04%	0.03%
	CCI	D	0.02%	0.02%	0.02%
	CCK	C	0.0%	0.01%	0.0%
	CCL	F	0.0%	0.01%	0.0%
	CDNS	D	0.15%	0.24%	0.15%
	CDW	F	0.04%	0.25%	0.04%
	CE	C	0.02%	0.03%	0.02%
	CEG	A	0.03%	0.04%	0.03%
	CF	F	0.15%	0.18%	0.15%
	CFG	A	0.03%	0.07%	0.03%
	CG	D	0.0%	0.02%	0.0%
	CHD	A	0.21%	0.15%	0.15%
	CHK	B	0.02%	0.04%	0.02%
	CHRW	C	0.12%	0.15%	0.12%
	CHTR	F	0.03%	0.04%	0.03%
	CI	D	0.16%	0.25%	0.16%
	CINF	D	0.03%	0.03%	0.03%
	CL	A	0.2%	0.18%	0.18%
	CLF	F	0.02%	0.03%	0.02%
	CLX	F	0.01%	0.01%	0.01%
	CMCSA	D	0.15%	0.36%	0.15%
	CME	C	0.14%	0.22%	0.14%
	CMG	A	0.14%	0.23%	0.14%
	CMI	B	0.1%	0.14%	0.1%
	CMS	A	0.04%	0.08%	0.04%
	CNC	C	0.06%	0.11%	0.06%
	CNP	B	0.0%	0.02%	0.0%
	COF	B	0.09%	0.17%	0.09%
	COIN	D	0.01%	0.02%	0.01%
	COP	C	0.3%	0.15%	0.15%
	COST	B	0.66%	1.06%	0.66%
	CPB	B	0.1%	0.14%	0.1%
	CPRT	D	0.1%	0.14%	0.1%
	CPT	B	0.01%	0.01%	0.01%
	CRM	D	0.05%	0.1%	0.05%
	CSCO	D	0.87%	1.13%	0.87%
	CSL	A	0.03%	0.01%	0.01%
	CSX	D	0.11%	0.05%	0.05%
	CTAS	B	0.14%	0.18%	0.14%
	CTLT	D	0.01%	0.01%	0.01%
	CTRA	B	0.02%	0.03%	0.02%
	CTSH	D	0.17%	0.36%	0.17%
	CTVA	B	0.04%	0.19%	0.04%
	CVS	F	0.13%	0.25%	0.13%
	CVX	B	0.3%	0.54%	0.3%
	D	B	0.08%	0.14%	0.08%
	DAL	A	0.01%	0.01%	0.01%
	DAR	D	0.01%	0.01%	0.01%
	DD	A	0.03%	0.05%	0.03%
	DE	B	0.05%	0.09%	0.05%
	DECK	D	0.04%	0.07%	0.04%
	DELL	B	0.04%	0.15%	0.04%
	DFS	C	0.04%	0.07%	0.04%
	DG	D	0.04%	0.05%	0.04%
	DGX	B	0.09%	0.11%	0.09%
	DHI	D	0.11%	0.17%	0.11%
	DHR	C	0.08%	0.12%	0.08%
	DINO	D	0.02%	0.03%	0.02%
	DIS	D	0.1%	0.18%	0.1%
	DKS	C	0.03%	0.05%	0.03%
	DLR	D	0.01%	0.03%	0.01%
	DLTR	F	0.02%	0.03%	0.02%
	DOC	A	0.0%	0.02%	0.0%
	DOV	A	0.02%	0.02%	0.02%
	DOW	C	0.04%	0.09%	0.04%
	DPZ	B	0.11%	0.17%	0.11%
	DRI	F	0.02%	0.01%	0.01%
	DTE	A	0.03%	0.1%	0.03%
	DUK	A	0.32%	0.59%	0.32%
	DVA	B	0.01%	0.01%	0.01%
	DVN	B	0.07%	0.04%	0.04%
	EA	F	0.16%	0.27%	0.16%
	EBAY	D	0.02%	0.02%	0.02%
	ECL	A	0.02%	0.03%	0.02%
	ED	A	0.37%	0.44%	0.37%
	EG	C	0.05%	0.18%	0.05%
	EIX	A	0.03%	0.05%	0.03%
	EL	F	0.02%	0.02%	0.02%
	ELS	D	0.01%	0.0%	0.0%
	ELV	A	0.14%	0.27%	0.14%
	EMN	A	0.0%	0.02%	0.0%
	EMR	C	0.05%	0.06%	0.05%
	ENPH	F	0.0%	0.0%	0.0%
	EOG	B	0.04%	0.08%	0.04%
	EPAM	D	0.02%	0.04%	0.02%
	EQH	A	0.01%	0.02%	0.01%
	EQIX	F	0.02%	0.02%	0.02%
	EQR	A	0.02%	0.02%	0.02%
	EQT	B	0.03%	0.02%	0.02%
	ERIE	C	0.12%	0.18%	0.12%
	ES	B	0.04%	0.08%	0.04%
	ESS	A	0.01%	0.01%	0.01%
	ETN	A	0.05%	0.06%	0.05%
	ETR	A	0.02%	0.04%	0.02%
	ETSY	F	0.0%	0.0%	0.0%
	EVRG	B	0.05%	0.04%	0.04%
	EW	D	0.09%	0.16%	0.09%
	EXC	B	0.03%	0.05%	0.03%
	EXPD	D	0.22%	0.19%	0.19%
	EXPE	F	0.0%	0.01%	0.0%
	EXR	D	0.02%	0.02%	0.02%
	F	D	0.12%	0.22%	0.12%
	FANG	B	0.01%	0.03%	0.01%
	FAST	D	0.09%	0.13%	0.09%
	FCX	B	0.03%	0.07%	0.03%
	FDS	D	0.03%	0.04%	0.03%
	FDX	D	0.06%	0.11%	0.06%
	FE	A	0.02%	0.03%	0.02%
	FFIV	D	0.12%	0.18%	0.12%
	FICO	C	0.01%	0.11%	0.01%
	FIS	C	0.03%	0.04%	0.03%
	FITB	A	0.03%	0.06%	0.03%
	FMC	B	0.01%	0.01%	0.01%
	FNF	B	0.02%	0.03%	0.02%
	FOX	B	0.01%	0.02%	0.01%
	FOXA	B	0.01%	0.02%	0.01%
	FSLR	B	0.0%	0.01%	0.0%
	FTNT	F	0.11%	0.2%	0.11%
	FTV	D	0.0%	0.02%	0.0%
	GD	A	0.12%	0.08%	0.08%
	GE	A	0.07%	0.12%	0.07%
	GEHC	D	0.06%	0.03%	0.03%
	GEV	C	0.02%	0.03%	0.02%
	GGG	D	0.01%	0.04%	0.01%
	GILD	F	0.32%	0.37%	0.32%
	GIS	C	0.32%	0.31%	0.31%
	GL	F	0.03%	0.01%	0.01%
	GLW	B	0.02%	0.12%	0.02%
	GM	B	0.23%	0.41%	0.23%
	GOOG	B	1.11%	1.33%	1.11%
	GOOGL	B	1.24%	1.43%	1.24%
	GPC	B	0.03%	0.02%	0.02%
	GPN	F	0.02%	0.04%	0.02%
	GRMN	A	0.05%	0.2%	0.05%
	GS	A	0.16%	0.32%	0.16%
	GWW	D	0.11%	0.15%	0.11%
	HAL	F	0.01%	0.02%	0.01%
	HAS	B	0.01%	0.02%	0.01%
	HBAN	A	0.03%	0.05%	0.03%
	HCA	D	0.04%	0.07%	0.04%
	HD	D	0.29%	0.48%	0.29%
	HEI	A	0.02%	0.0%	0.0%
	HEI	A	0.02%	0.0%	0.0%
	HES	B	0.0%	0.02%	0.0%
	HIG	C	0.06%	0.09%	0.06%
	HII	D	0.02%	0.02%	0.02%
	HOLX	D	0.02%	0.09%	0.02%
	HON	C	0.25%	0.45%	0.25%
	HOOD	C	0.0%	0.01%	0.0%
	HPE	D	0.03%	0.05%	0.03%
	HPQ	C	0.03%	0.06%	0.03%
	HRL	B	0.12%	0.17%	0.12%
	HSIC	D	0.04%	0.03%	0.03%
	HSY	B	0.34%	0.41%	0.34%
	HUBB	D	0.03%	0.06%	0.03%
	HUM	F	0.17%	0.22%	0.17%
	HWM	A	0.01%	0.02%	0.01%
	IBM	D	0.47%	0.62%	0.47%
	ICE	C	0.04%	0.13%	0.04%
	IDXX	D	0.07%	0.13%	0.07%
	IEX	D	0.05%	0.05%	0.05%
	IFF	A	0.01%	0.03%	0.01%
	ILMN	F	0.0%	0.01%	0.0%
	INCY	D	0.12%	0.16%	0.12%
	INTC	F	0.12%	0.2%	0.12%
	INTU	D	0.03%	0.04%	0.03%
	IP	C	0.01%	0.05%	0.01%
	IPG	D	0.02%	0.02%	0.02%
	IQV	D	0.0%	0.02%	0.0%
	ISRG	D	0.2%	0.03%	0.03%
	ITW	D	0.14%	0.25%	0.14%
	J	D	0.0%	0.02%	0.0%
	JAZZ	D	0.01%	0.01%	0.01%
	JBHT	F	0.02%	0.05%	0.02%
	JBL	D	0.01%	0.03%	0.01%
	JCI	B	0.03%	0.05%	0.03%
	JKHY	D	0.08%	0.08%	0.08%
	JNJ	F	1.15%	1.66%	1.15%
	JNPR	D	0.13%	0.18%	0.13%
	JPM	B	0.56%	1.03%	0.56%
	K	B	0.18%	0.27%	0.18%
	KDP	B	0.15%	0.26%	0.15%
	KEY	C	0.03%	0.04%	0.03%
	KEYS	D	0.21%	0.34%	0.21%
	KHC	C	0.23%	0.22%	0.22%
	KKR	C	0.03%	0.04%	0.03%
	KLAC	A	0.16%	0.34%	0.16%
	KMB	B	0.11%	0.12%	0.11%
	KMI	A	0.03%	0.05%	0.03%
	KMX	D	0.01%	0.03%	0.01%
	KNX	D	0.01%	0.01%	0.01%
	KO	A	0.56%	0.78%	0.56%
	KR	B	0.31%	0.34%	0.31%
	KVUE	C	0.02%	0.05%	0.02%
	L	A	0.12%	0.12%	0.12%
	LBRDK	F	0.01%	0.01%	0.01%
	LDOS	A	0.0%	0.02%	0.0%
	LEA	F	0.01%	0.02%	0.01%
	LEN	D	0.08%	0.07%	0.07%
	LH	F	0.03%	0.03%	0.03%
	LHX	A	0.02%	0.05%	0.02%
	LII	C	0.03%	0.07%	0.03%
	LIN	D	0.05%	0.15%	0.05%
	LKQ	D	0.01%	0.02%	0.01%
	LLY	C	1.4%	2.26%	1.4%
	LMT	A	0.4%	0.71%	0.4%
	LNG	D	0.02%	0.13%	0.02%
	LNT	B	0.02%	0.04%	0.02%
	LOW	D	0.07%	0.17%	0.07%
	LPLA	B	0.05%	0.07%	0.05%
	LRCX	D	0.28%	0.43%	0.28%
	LULU	F	0.09%	0.13%	0.09%
	LUV	D	0.0%	0.0%	0.0%
	LVS	D	0.0%	0.0%	0.0%
	LW	F	0.0%	0.04%	0.0%
	LYB	C	0.05%	0.06%	0.05%
	MA	D	0.66%	1.44%	0.66%
	MANH	D	0.02%	0.05%	0.02%
	MCD	F	0.38%	0.49%	0.38%
	MCHP	B	0.08%	0.14%	0.08%
	MCK	B	0.41%	0.56%	0.41%
	MCO	C	0.03%	0.02%	0.02%
	MDLZ	B	0.16%	0.25%	0.16%
	MDT	D	0.09%	0.16%	0.09%
	MET	C	0.05%	0.1%	0.05%
	META	D	1.71%	2.43%	1.71%
	MGM	F	0.01%	0.01%	0.01%
	MKC	B	0.03%	0.02%	0.02%
	MKL	A	0.1%	0.14%	0.1%
	MKTX	F	0.02%	0.02%	0.02%
	MLM	C	0.01%	0.02%	0.01%
	MMC	C	0.48%	0.41%	0.41%
	MMM	B	0.16%	0.28%	0.16%
	MNST	D	0.09%	0.12%	0.09%
	MO	A	0.03%	0.05%	0.03%
	MOH	D	0.04%	0.15%	0.04%
	MOS	F	0.02%	0.03%	0.02%
	MPC	D	0.2%	0.4%	0.2%
	MPWR	B	0.05%	0.09%	0.05%
	MRK	B	0.68%	0.81%	0.68%
	MRNA	B	0.05%	0.1%	0.05%
	MRO	D	0.01%	0.03%	0.01%
	MRVL	D	0.01%	0.02%	0.01%
	MS	A	0.11%	0.19%	0.11%
	MSFT	C	2.34%	2.92%	2.34%
	MSI	A	0.47%	0.49%	0.47%
	MTB	A	0.03%	0.06%	0.03%
	MTCH	F	0.0%	0.01%	0.0%
	MU	B	0.08%	0.13%	0.08%
	NBIX	B	0.13%	0.14%	0.13%
	NDSN	C	0.02%	0.04%	0.02%
	NEE	B	0.06%	0.1%	0.06%
	NEM	B	0.07%	0.32%	0.07%
	NFLX	C	0.08%	0.12%	0.08%
	NI	A	0.0%	0.01%	0.0%
	NKE	D	0.22%	0.34%	0.22%
	NOC	B	0.29%	0.39%	0.29%
	NRG	B	0.03%	0.04%	0.03%
	NSC	D	0.04%	0.05%	0.04%
	NTAP	B	0.03%	0.15%	0.03%
	NTRS	C	0.01%	0.03%	0.01%
	NUE	F	0.05%	0.08%	0.05%
	NVDA	B	2.63%	2.71%	2.63%
	NVR	D	0.05%	0.09%	0.05%
	NWSA	D	0.0%	0.01%	0.0%
	NXPI	A	0.03%	0.04%	0.03%
	O	B	0.01%	0.04%	0.01%
	OC	B	0.02%	0.02%	0.02%
	ODFL	F	0.08%	0.12%	0.08%
	OKE	B	0.01%	0.03%	0.01%
	OKTA	D	0.0%	0.01%	0.0%
	OMC	B	0.04%	0.07%	0.04%
	ON	F	0.01%	0.02%	0.01%
	ORCL	D	0.17%	0.36%	0.17%
	ORLY	D	0.2%	0.23%	0.2%
	OTIS	D	0.01%	0.04%	0.01%
	OVV	C	0.01%	0.02%	0.01%
	OXY	C	0.03%	0.05%	0.03%
	PANW	B	0.01%	0.01%	0.01%
	PARA	C	0.02%	0.04%	0.02%
	PAYC	F	0.02%	0.03%	0.02%
	PAYX	D	0.11%	0.14%	0.11%
	PCAR	D	0.03%	0.05%	0.03%
	PCG	B	0.03%	0.05%	0.03%
	PCTY	D	0.01%	0.02%	0.01%
	PEG	A	0.02%	0.04%	0.02%
	PEP	B	0.9%	1.15%	0.9%
	PFE	D	0.49%	0.74%	0.49%
	PFG	C	0.04%	0.04%	0.04%
	PG	A	0.98%	0.64%	0.64%
	PGR	A	0.3%	0.62%	0.3%
	PH	B	0.02%	0.04%	0.02%
	PHM	B	0.07%	0.11%	0.07%
	PKG	D	0.03%	0.11%	0.03%
	PLD	D	0.04%	0.07%	0.04%
	PM	A	0.06%	0.1%	0.06%
	PNC	B	0.07%	0.14%	0.07%
	PNR	C	0.02%	0.01%	0.01%
	POOL	F	0.03%	0.05%	0.03%
	PPG	D	0.03%	0.03%	0.03%
	PPL	A	0.02%	0.03%	0.02%
	PRU	A	0.03%	0.09%	0.03%
	PSA	D	0.1%	0.13%	0.1%
	PSX	D	0.13%	0.15%	0.13%
	PTC	D	0.04%	0.18%	0.04%
	PWR	B	0.01%	0.02%	0.01%
	PXD	B	0.04%	0.07%	0.04%
	PYPL	C	0.04%	0.07%	0.04%
	QCOM	B	0.42%	0.69%	0.42%
	QRVO	F	0.01%	0.01%	0.01%
	RCL	A	0.0%	0.01%	0.0%
	REGN	C	0.4%	0.58%	0.4%
	RF	B	0.03%	0.05%	0.03%
	RHI	D	0.02%	0.03%	0.02%
	RIVN	F	0.0%	0.0%	0.0%
	RJF	C	0.02%	0.03%	0.02%
	RMD	B	0.06%	0.09%	0.06%
	ROK	F	0.05%	0.09%	0.05%
	ROL	B	0.07%	0.16%	0.07%
	ROP	D	0.45%	0.46%	0.45%
	ROST	D	0.03%	0.02%	0.02%
	RPRX	F	0.0%	0.01%	0.0%
	RS	D	0.03%	0.03%	0.03%
	RSG	C	0.46%	0.55%	0.46%
	RTX	A	0.09%	0.2%	0.09%
	SBAC	D	0.01%	0.0%	0.0%
	SBUX	F	0.02%	0.03%	0.02%
	SCHW	A	0.05%	0.09%	0.05%
	SEIC	C	0.02%	0.03%	0.02%
	SHW	D	0.03%	0.03%	0.03%
	SIRI	F	0.0%	0.0%	0.0%
	SJM	F	0.13%	0.09%	0.09%
	SLB	F	0.02%	0.04%	0.02%
	SMCI	D	0.07%	0.12%	0.07%
	SNA	D	0.05%	0.05%	0.05%
	SNPS	D	0.13%	0.24%	0.13%
	SO	A	0.4%	0.5%	0.4%
	SOLV	C	0.03%	0.05%	0.03%
	SPG	C	0.03%	0.03%	0.03%
	SPGI	C	0.05%	0.06%	0.05%
	SQ	D	0.01%	0.02%	0.01%
	SRE	B	0.03%	0.05%	0.03%
	STLD	D	0.06%	0.04%	0.04%
	STT	C	0.03%	0.05%	0.03%
	STX	C	0.01%	0.02%	0.01%
	STZ	D	0.01%	0.02%	0.01%
	SWK	F	0.02%	0.03%	0.02%
	SWKS	F	0.03%	0.05%	0.03%
	SYF	B	0.03%	0.07%	0.03%
	SYK	D	0.04%	0.05%	0.04%
	SYY	D	0.02%	0.05%	0.02%
	T	B	0.31%	0.57%	0.31%
	TAP	F	0.01%	0.02%	0.01%
	TDY	D	0.04%	0.19%	0.04%
	TEL	C	0.06%	0.06%	0.06%
	TER	B	0.05%	0.06%	0.05%
	TFC	B	0.1%	0.18%	0.1%
	TGT	D	0.08%	0.13%	0.08%
	TJX	C	0.27%	0.18%	0.18%
	TMO	D	0.06%	0.15%	0.06%
	TMUS	B	0.4%	0.59%	0.4%
	TPL	C	0.02%	0.04%	0.02%
	TROW	D	0.07%	0.1%	0.07%
	TRU	C	0.0%	0.01%	0.0%
	TRV	D	0.25%	0.43%	0.25%
	TSCO	B	0.06%	0.1%	0.06%
	TSLA	D	0.05%	0.09%	0.05%
	TSN	B	0.06%	0.07%	0.06%
	TT	A	0.15%	0.22%	0.15%
	TTC	F	0.02%	0.03%	0.02%
	TTWO	D	0.01%	0.01%	0.01%
	TW	A	0.01%	0.06%	0.01%
	TWLO	D	0.01%	0.01%	0.01%
	TXN	A	0.53%	1.04%	0.53%
	TXT	D	0.01%	0.02%	0.01%
	TYL	A	0.01%	0.01%	0.01%
	UBER	D	0.01%	0.02%	0.01%
	UDR	B	0.01%	0.01%	0.01%
	UHAL	B	0.02%	0.01%	0.01%
	UHS	D	0.03%	0.02%	0.02%
	ULTA	F	0.07%	0.08%	0.07%
	UNH	C	1.18%	1.86%	1.18%
	UNP	C	0.26%	0.09%	0.09%
	UPS	D	0.23%	0.36%	0.23%
	URI	D	0.03%	0.04%	0.03%
	USB	D	0.09%	0.14%	0.09%
	UTHR	B	0.06%	0.08%	0.06%
	V	C	1.15%	1.72%	1.15%
	VEEV	D	0.05%	0.08%	0.05%
	VICI	B	0.01%	0.03%	0.01%
	VLO	D	0.09%	0.18%	0.09%
	VLTO	A	0.04%	0.07%	0.04%
	VMC	C	0.01%	0.02%	0.01%
	VRSK	B	0.07%	0.24%	0.07%
	VRSN	F	0.13%	0.23%	0.13%
	VRTX	C	0.4%	0.52%	0.4%
	VST	B	0.03%	0.03%	0.03%
	VTR	B	0.01%	0.02%	0.01%
	VTRS	C	0.04%	0.06%	0.04%
	VZ	D	0.58%	0.84%	0.58%
	WAT	D	0.01%	0.06%	0.01%
	WBA	F	0.05%	0.09%	0.05%
	WBD	F	0.04%	0.08%	0.04%
	WCN	C	0.24%	0.54%	0.24%
	WDC	B	0.02%	0.04%	0.02%
	WEC	B	0.16%	0.26%	0.16%
	WELL	A	0.02%	0.03%	0.02%
	WFC	A	0.3%	0.56%	0.3%
	WM	B	0.57%	0.59%	0.57%
	WMB	A	0.13%	0.1%	0.1%
	WMT	C	0.58%	0.79%	0.58%
	WPC	C	0.01%	0.01%	0.01%
	WRB	D	0.12%	0.11%	0.11%
	WRK	A	0.02%	0.04%	0.02%
	WSM	B	0.01%	0.02%	0.01%
	WSO	B	0.02%	0.05%	0.02%
	WST	D	0.05%	0.08%	0.05%
	WTRG	B	0.01%	0.01%	0.01%
	WTW	D	0.06%	0.14%	0.06%
	WY	F	0.01%	0.03%	0.01%
	XEL	C	0.21%	0.27%	0.21%
	XOM	B	0.42%	0.77%	0.42%
	YUM	C	0.14%	0.2%	0.14%
	ZBH	D	0.01%	0.02%	0.01%
	ZBRA	A	0.04%	0.02%	0.02%
	ZM	F	0.0%	0.01%	0.0%
	ZTS	D	0.14%	0.22%	0.14%

QWLD Overweight 28 Positions Relative to QUS

	Symbol	Grade	Weight
	NVS	B	0.78%
	UL	A	0.27%
	TM	D	0.25%
	MFG	D	0.22%
	TD	F	0.15%
	DEO	D	0.15%
	MUFG	D	0.15%
	CNI	D	0.14%
	CHKP	D	0.13%
	SMFG	D	0.12%
	STLA	D	0.12%
	E	C	0.11%
	BCS	A	0.11%
	HMC	D	0.11%
	LYG	A	0.08%
	LOGI	D	0.07%
	SONY	F	0.07%
	MT	F	0.05%
	BTI	B	0.04%
	AGCO	F	0.02%
	NMR	D	0.02%
	QGEN	C	0.02%
	SE	B	0.01%
	WFG	D	0.01%
	AER	A	0.01%
	OTEX	F	0.01%
	CCEP	A	0.0%
	AZN	A	0.0%

QWLD Underweight 82 Positions Relative to QUS

	Symbol	Grade	Weight
	GDDY	A	-0.22%
	IT	D	-0.11%
	DBX	F	-0.06%
	WAB	A	-0.03%
	KIM	C	-0.02%
	TRGP	B	-0.02%
	SSNC	C	-0.02%
	AME	D	-0.02%
	FCNCA	B	-0.02%
	XYL	A	-0.02%
	IR	D	-0.02%
	TECH	B	-0.01%
	PINS	A	-0.01%
	CZR	F	-0.01%
	HLT	D	-0.01%
	DXCM	D	-0.01%
	MELI	B	-0.01%
	DASH	D	-0.01%
	MSCI	D	-0.01%
	ARES	A	-0.01%
	WDAY	F	-0.01%
	HST	D	-0.01%
	GLPI	D	-0.01%
	ENTG	D	-0.01%
	TFX	F	-0.01%
	ABNB	D	-0.01%
	AMH	B	-0.01%
	REG	F	-0.01%
	VRT	A	-0.01%
	RPM	D	-0.01%
	SUI	D	-0.01%
	MTD	D	-0.01%
	ANSS	D	-0.01%
	WLK	B	-0.01%
	MAA	B	-0.01%
	IRM	C	-0.01%
	TDG	A	-0.01%
	CRL	D	-0.01%
	CSGP	C	-0.01%
	TRMB	D	-0.01%
	NOW	D	-0.01%
	STE	D	-0.01%
	MAS	D	-0.01%
	EFX	D	-0.01%
	MAR	D	-0.01%
	INVH	B	-0.01%
	NDAQ	D	-0.01%
	ACM	C	-0.01%
	MDB	F	-0.0%
	TEAM	F	-0.0%
	ZS	F	-0.0%
	DDOG	D	-0.0%
	PODD	C	-0.0%
	DOCU	B	-0.0%
	LSCC	F	-0.0%
	DT	F	-0.0%
	TOST	A	-0.0%
	ALNY	D	-0.0%
	NET	F	-0.0%
	RBLX	C	-0.0%
	PATH	D	-0.0%
	U	F	-0.0%
	H	D	-0.0%
	AXON	B	-0.0%
	HUBS	D	-0.0%
	DKNG	D	-0.0%
	BILL	F	-0.0%
	DAY	F	-0.0%
	RGEN	F	-0.0%
	ROKU	F	-0.0%
	BSY	A	-0.0%
	EXAS	F	-0.0%
	PLTR	D	-0.0%
	LYV	D	-0.0%
	CRWD	C	-0.0%
	SNOW	F	-0.0%
	WYNN	D	-0.0%
	MTN	F	-0.0%
	SNAP	B	-0.0%
	TTD	B	-0.0%
	APP	B	-0.0%
	Z	F	-0.0%

QWLD: Top Represented Industries & Keywords

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

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

QUS: Top Represented Industries & Keywords

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

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