QWLD vs. SCHJ ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to HCM Defender 500 Index ETF (SCHJ)

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

$127.97

Average Daily Volume

3,476

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

SCHJ

HCM Defender 500 Index ETF

SCHJ Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Bloomberg Barclays US 1-5 Year Corporate Bond Index. To pursue its goal, the fund generally invests in securities that are included in the index. The index measures the performance of U.S. investment grade, taxable corporate bonds with maturities greater than or equal to one year and less than five years that have $300 million or more of outstanding face value. It is the fund's policy that under normal circumstances it will invest at least 90% of its net assets in securities included in the index.

Grade (RS Rating)

Last Trade

$24.44

Average Daily Volume

89,713

Number of Holdings ^*

436

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	SCHJ
30 Days	-0.47%	-0.15%
60 Days	0.20%	-0.88%
90 Days	0.50%	0.18%
12 Months	22.20%	6.69%

327 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in SCHJ	Overlap
	A	D	0.06%	0.02%	0.02%
	AAPL	C	2.57%	0.04%	0.04%
	ABBV	F	0.16%	0.03%	0.03%
	ABBV	F	0.34%	0.03%	0.03%
	ABT	B	0.09%	0.02%	0.02%
	ADBE	C	0.42%	0.01%	0.01%
	ADI	D	0.04%	0.02%	0.02%
	ADM	D	0.05%	0.02%	0.02%
	ADP	A	0.26%	0.05%	0.05%
	ADSK	A	0.1%	0.02%	0.02%
	AEE	A	0.09%	0.0%	0.0%
	AEP	C	0.07%	0.01%	0.01%
	AER	A	0.02%	0.02%	0.02%
	AES	F	0.01%	0.0%	0.0%
	AFL	B	0.12%	0.01%	0.01%
	AIG	B	0.07%	0.04%	0.04%
	AIZ	A	0.08%	0.02%	0.02%
	ALB	B	0.01%	0.01%	0.01%
	ALL	A	0.08%	0.03%	0.03%
	ALLE	C	0.02%	0.02%	0.02%
	ALLY	C	0.02%	0.03%	0.02%
	AMAT	F	0.29%	0.04%	0.04%
	AMCR	C	0.08%	0.03%	0.03%
	AMGN	F	0.16%	0.01%	0.01%
	AMP	A	0.09%	0.02%	0.02%
	AMT	C	0.02%	0.01%	0.01%
	AMZN	C	0.37%	0.04%	0.04%
	AON	A	0.17%	0.02%	0.02%
	APD	A	0.03%	0.02%	0.02%
	APH	A	0.43%	0.0%	0.0%
	APTV	F	0.01%	0.01%	0.01%
	ARE	F	0.01%	0.02%	0.01%
	ATO	A	0.01%	0.05%	0.01%
	AVB	B	0.01%	0.01%	0.01%
	AVGO	D	0.11%	0.02%	0.02%
	AWK	C	0.01%	0.02%	0.01%
	AXP	A	0.06%	0.04%	0.04%
	AZO	C	0.28%	0.0%	0.0%
	BA	F	0.01%	0.01%	0.01%
	BAC	A	0.39%	0.03%	0.03%
	BAX	F	0.01%	0.03%	0.01%
	BDX	F	0.07%	0.05%	0.05%
	BEN	C	0.01%	0.01%	0.01%
	BG	D	0.03%	0.02%	0.02%
	BIIB	F	0.01%	0.1%	0.01%
	BK	A	0.05%	0.01%	0.01%
	BKNG	A	0.03%	0.02%	0.02%
	BLK	B	0.25%	0.07%	0.07%
	BMY	B	0.21%	0.02%	0.02%
	BR	A	0.04%	0.02%	0.02%
	BRO	B	0.14%	0.01%	0.01%
	BSX	A	0.02%	0.0%	0.0%
	BXP	C	0.01%	0.02%	0.01%
	C	A	0.25%	0.03%	0.03%
	CAG	F	0.04%	0.01%	0.01%
	CAH	B	0.13%	0.02%	0.02%
	CARR	C	0.02%	0.1%	0.02%
	CAT	B	0.36%	0.02%	0.02%
	CB	C	0.4%	0.02%	0.02%
	CCI	C	0.01%	0.01%	0.01%
	CE	F	0.01%	0.03%	0.01%
	CF	A	0.13%	0.02%	0.02%
	CFG	B	0.04%	0.02%	0.02%
	CHD	A	0.19%	0.01%	0.01%
	CHTR	C	0.05%	0.06%	0.05%
	CI	D	0.18%	0.02%	0.02%
	CL	D	0.2%	0.0%	0.0%
	CLX	A	0.01%	0.03%	0.01%
	CMCSA	B	0.17%	0.01%	0.01%
	CME	B	0.16%	0.07%	0.07%
	CMI	A	0.1%	0.0%	0.0%
	CMS	C	0.05%	0.0%	0.0%
	CNH	C	0.01%	0.02%	0.01%
	CNP	A	0.01%	0.02%	0.01%
	COF	C	0.1%	0.01%	0.01%
	COP	C	0.1%	0.09%	0.09%
	COST	A	0.76%	0.0%	0.0%
	CPB	D	0.09%	0.01%	0.01%
	CRM	B	0.06%	0.02%	0.02%
	CSCO	B	1.03%	0.03%	0.03%
	CSL	C	0.03%	0.01%	0.01%
	CSX	C	0.11%	0.01%	0.01%
	CTRA	B	0.02%	0.0%	0.0%
	CTVA	C	0.04%	0.02%	0.02%
	CVS	D	0.16%	0.01%	0.01%
	CVX	A	0.33%	0.02%	0.02%
	D	C	0.06%	0.02%	0.02%
	DAL	B	0.01%	0.02%	0.01%
	DD	C	0.02%	0.09%	0.02%
	DE	B	0.06%	0.0%	0.0%
	DELL	B	0.01%	0.04%	0.01%
	DFS	B	0.04%	0.02%	0.02%
	DG	F	0.01%	0.03%	0.01%
	DGX	A	0.11%	0.03%	0.03%
	DHI	F	0.1%	0.02%	0.02%
	DHR	F	0.05%	0.01%	0.01%
	DIS	B	0.1%	0.04%	0.04%
	DLR	B	0.02%	0.03%	0.02%
	DLTR	F	0.01%	0.05%	0.01%
	DOC	C	0.01%	0.0%	0.0%
	DOV	A	0.05%	0.02%	0.02%
	DOW	F	0.03%	0.04%	0.03%
	DTE	C	0.02%	0.01%	0.01%
	DUK	C	0.36%	0.02%	0.02%
	DVN	F	0.03%	0.02%	0.02%
	EA	A	0.2%	0.03%	0.03%
	EBAY	D	0.01%	0.03%	0.01%
	ED	C	0.35%	0.03%	0.03%
	EFX	F	0.01%	0.01%	0.01%
	EIX	B	0.03%	0.0%	0.0%
	EL	F	0.01%	0.02%	0.01%
	EMN	C	0.01%	0.05%	0.01%
	EMR	B	0.03%	0.03%	0.03%
	EOG	A	0.06%	0.02%	0.02%
	EQH	C	0.01%	0.02%	0.01%
	EQIX	A	0.02%	0.02%	0.02%
	EQR	C	0.01%	0.03%	0.01%
	ES	C	0.01%	0.01%	0.01%
	ESS	B	0.01%	0.0%	0.0%
	ETN	A	0.03%	0.05%	0.03%
	ETR	B	0.03%	0.02%	0.02%
	EVRG	A	0.01%	0.03%	0.01%
	EXC	C	0.03%	0.03%	0.03%
	EXPE	B	0.01%	0.02%	0.01%
	FANG	C	0.09%	0.03%	0.03%
	FCNCA	A	0.11%	0.0%	0.0%
	FDX	B	0.07%	0.04%	0.04%
	FE	C	0.01%	0.01%	0.01%
	FIS	C	0.02%	0.03%	0.02%
	FITB	B	0.03%	0.01%	0.01%
	FOXA	A	0.01%	0.04%	0.01%
	FTNT	C	0.01%	0.03%	0.01%
	FTV	C	0.01%	0.03%	0.01%
	GD	D	0.18%	0.02%	0.02%
	GE	D	0.31%	0.03%	0.03%
	GILD	C	0.24%	0.07%	0.07%
	GIS	D	0.33%	0.01%	0.01%
	GLPI	C	0.01%	0.02%	0.01%
	GM	C	0.19%	0.01%	0.01%
	GOOGL	C	1.07%	0.03%	0.03%
	GPN	B	0.02%	0.02%	0.02%
	GS	A	0.17%	0.05%	0.05%
	GWW	B	0.11%	0.03%	0.03%
	H	B	0.0%	0.02%	0.0%
	HAL	C	0.02%	0.03%	0.02%
	HBAN	A	0.03%	0.02%	0.02%
	HCA	F	0.04%	0.04%	0.04%
	HD	B	0.15%	0.01%	0.01%
	HES	B	0.01%	0.02%	0.01%
	HII	F	0.01%	0.02%	0.01%
	HON	C	0.26%	0.04%	0.04%
	HPE	B	0.04%	0.03%	0.03%
	HPQ	B	0.04%	0.1%	0.04%
	HRL	D	0.09%	0.05%	0.05%
	HST	C	0.01%	0.02%	0.01%
	HSY	F	0.16%	0.01%	0.01%
	HUBB	B	0.04%	0.02%	0.02%
	HUM	C	0.15%	0.01%	0.01%
	IBM	C	0.46%	0.03%	0.03%
	ICE	C	0.03%	0.02%	0.02%
	IFF	D	0.01%	0.03%	0.01%
	ILMN	C	0.0%	0.02%	0.0%
	INTC	C	0.1%	0.02%	0.02%
	INTU	B	0.27%	0.02%	0.02%
	IP	A	0.02%	0.03%	0.02%
	ITW	B	0.13%	0.04%	0.04%
	JBHT	C	0.03%	0.04%	0.03%
	JBL	C	0.02%	0.03%	0.02%
	JCI	B	0.03%	0.03%	0.03%
	JNJ	C	1.1%	0.02%	0.02%
	JNPR	D	0.12%	0.02%	0.02%
	JPM	A	0.6%	0.02%	0.02%
	K	A	0.23%	0.02%	0.02%
	KDP	F	0.14%	0.02%	0.02%
	KEY	B	0.02%	0.03%	0.02%
	KEYS	A	0.17%	0.03%	0.03%
	KIM	A	0.01%	0.0%	0.0%
	KLAC	F	0.14%	0.07%	0.07%
	KMB	C	0.11%	0.02%	0.02%
	KMI	A	0.04%	0.01%	0.01%
	KO	D	0.56%	0.05%	0.05%
	KR	B	0.31%	0.02%	0.02%
	L	A	0.17%	0.02%	0.02%
	LDOS	C	0.01%	0.03%	0.01%
	LEN	D	0.09%	0.02%	0.02%
	LH	B	0.02%	0.02%	0.02%
	LHX	C	0.02%	0.03%	0.02%
	LII	A	0.0%	0.03%	0.0%
	LIN	C	0.06%	0.0%	0.0%
	LLY	F	1.14%	0.02%	0.02%
	LMT	D	0.42%	0.02%	0.02%
	LNT	A	0.03%	0.02%	0.02%
	LOW	C	0.07%	0.01%	0.01%
	LRCX	F	0.18%	0.01%	0.01%
	LUV	C	0.0%	0.04%	0.0%
	LVS	B	0.0%	0.03%	0.0%
	LYB	F	0.03%	0.02%	0.02%
	MA	B	0.71%	0.04%	0.04%
	MAA	B	0.01%	0.01%	0.01%
	MAR	A	0.01%	0.02%	0.01%
	MCD	D	0.42%	0.01%	0.01%
	MCHP	F	0.06%	0.05%	0.05%
	MCK	A	0.58%	0.01%	0.01%
	MCO	B	0.13%	0.02%	0.02%
	MDLZ	F	0.14%	0.03%	0.03%
	MDT	D	0.06%	0.1%	0.06%
	MET	A	0.05%	0.02%	0.02%
	MKC	C	0.01%	0.03%	0.01%
	MLM	C	0.01%	0.04%	0.01%
	MMC	B	0.51%	0.02%	0.02%
	MMM	D	0.14%	0.02%	0.02%
	MO	A	0.04%	0.02%	0.02%
	MOS	F	0.02%	0.04%	0.02%
	MPC	D	0.17%	0.03%	0.03%
	MRK	D	0.42%	0.05%	0.05%
	MRVL	B	0.01%	0.02%	0.01%
	MS	A	0.12%	0.03%	0.03%
	MSFT	D	2.3%	0.05%	0.05%
	MSI	B	0.65%	0.03%	0.03%
	MTB	A	0.05%	0.01%	0.01%
	MU	D	0.04%	0.03%	0.03%
	MUFG	B	0.14%	0.02%	0.02%
	NDAQ	A	0.01%	0.02%	0.01%
	NEE	C	0.06%	0.0%	0.0%
	NEM	D	0.04%	0.01%	0.01%
	NI	A	0.01%	0.06%	0.01%
	NKE	F	0.17%	0.01%	0.01%
	NOC	D	0.32%	0.04%	0.04%
	NSC	B	0.03%	0.0%	0.0%
	NTAP	C	0.04%	0.02%	0.02%
	NTRS	A	0.02%	0.04%	0.02%
	NUE	C	0.04%	0.02%	0.02%
	NVDA	B	2.53%	0.03%	0.03%
	NXPI	D	0.02%	0.02%	0.02%
	O	C	0.02%	0.01%	0.01%
	OC	A	0.03%	0.02%	0.02%
	OKE	A	0.03%	0.0%	0.0%
	OMC	C	0.04%	0.02%	0.02%
	ORCL	A	0.25%	0.06%	0.06%
	ORLY	B	0.24%	0.02%	0.02%
	OTIS	C	0.01%	0.07%	0.01%
	PCAR	B	0.11%	0.0%	0.0%
	PCG	A	0.03%	0.02%	0.02%
	PEG	A	0.02%	0.02%	0.02%
	PEP	F	0.77%	0.02%	0.02%
	PFE	F	0.18%	0.03%	0.03%
	PFG	D	0.02%	0.02%	0.02%
	PG	C	0.95%	0.02%	0.02%
	PH	A	0.02%	0.04%	0.02%
	PHM	D	0.06%	0.03%	0.03%
	PKG	A	0.04%	0.02%	0.02%
	PM	B	0.07%	0.02%	0.02%
	PNC	B	0.1%	0.02%	0.02%
	PPG	F	0.01%	0.01%	0.01%
	PPL	A	0.01%	0.04%	0.01%
	PRU	A	0.05%	0.01%	0.01%
	PSA	C	0.09%	0.01%	0.01%
	PSX	C	0.14%	0.01%	0.01%
	PYPL	B	0.04%	0.03%	0.03%
	QCOM	F	0.32%	0.02%	0.02%
	RF	A	0.03%	0.05%	0.03%
	ROK	C	0.06%	0.02%	0.02%
	ROP	B	0.48%	0.01%	0.01%
	ROST	D	0.02%	0.02%	0.02%
	RPM	A	0.01%	0.02%	0.01%
	RPRX	D	0.01%	0.04%	0.01%
	RS	B	0.02%	0.02%	0.02%
	RSG	A	0.46%	0.01%	0.01%
	RTX	D	0.09%	0.02%	0.02%
	SBUX	A	0.04%	0.04%	0.04%
	SCHW	B	0.04%	0.01%	0.01%
	SHW	B	0.14%	0.02%	0.02%
	SJM	D	0.07%	0.05%	0.05%
	SLB	C	0.03%	0.02%	0.02%
	SO	C	0.46%	0.0%	0.0%
	SPG	A	0.02%	0.02%	0.02%
	SPGI	C	0.04%	0.04%	0.04%
	SRE	A	0.04%	0.02%	0.02%
	STLA	F	0.08%	0.07%	0.07%
	STLD	B	0.02%	0.02%	0.02%
	STT	B	0.03%	0.01%	0.01%
	STZ	D	0.01%	0.02%	0.01%
	SWK	D	0.01%	0.03%	0.01%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.04%	0.05%	0.04%
	SYK	B	0.03%	0.02%	0.02%
	SYY	D	0.03%	0.02%	0.02%
	T	A	0.39%	0.01%	0.01%
	TAP	C	0.01%	0.08%	0.01%
	TD	D	0.12%	0.01%	0.01%
	TDY	B	0.06%	0.02%	0.02%
	TFC	A	0.09%	0.02%	0.02%
	TGT	F	0.15%	0.05%	0.05%
	TJX	A	0.35%	0.02%	0.02%
	TMO	F	0.06%	0.03%	0.03%
	TMUS	B	0.76%	0.06%	0.06%
	TRMB	B	0.01%	0.02%	0.01%
	TSN	B	0.15%	0.02%	0.02%
	TT	A	0.15%	0.03%	0.03%
	TXN	C	0.48%	0.0%	0.0%
	TXT	D	0.01%	0.0%	0.0%
	UHS	D	0.01%	0.04%	0.01%
	UNH	B	1.35%	0.01%	0.01%
	UNP	C	0.26%	0.0%	0.0%
	UPS	C	0.07%	0.02%	0.02%
	USB	A	0.09%	0.03%	0.03%
	V	A	1.21%	0.09%	0.09%
	VLO	C	0.08%	0.03%	0.03%
	VMC	B	0.01%	0.03%	0.01%
	VRSK	A	0.01%	0.05%	0.01%
	VRSN	C	0.14%	0.03%	0.03%
	VTR	B	0.01%	0.01%	0.01%
	VZ	C	0.58%	0.02%	0.02%
	WAB	B	0.01%	0.02%	0.01%
	WBA	F	0.04%	0.06%	0.04%
	WEC	A	0.2%	0.02%	0.02%
	WELL	A	0.02%	0.0%	0.0%
	WFC	A	0.28%	0.02%	0.02%
	WLK	D	0.0%	0.04%	0.0%
	WM	B	0.52%	0.02%	0.02%
	WMB	A	0.19%	0.03%	0.03%
	WMT	A	0.76%	0.03%	0.03%
	WPC	C	0.01%	0.02%	0.01%
	XEL	A	0.09%	0.02%	0.02%
	XOM	B	0.47%	0.03%	0.03%
	ZBH	C	0.01%	0.01%	0.01%
	ZTS	D	0.15%	0.02%	0.02%

QWLD Overweight 283 Positions Relative to SCHJ

	Symbol	Grade	Weight
	META	D	2.11%
	GOOG	C	0.94%
	NVS	F	0.79%
	BRK.A	B	0.73%
	ACN	B	0.65%
	NFLX	A	0.54%
	VRTX	D	0.43%
	COR	B	0.41%
	PGR	A	0.35%
	REGN	F	0.31%
	TRV	B	0.3%
	UL	D	0.27%
	WCN	A	0.27%
	ACGL	C	0.26%
	HSBH	B	0.25%
	GDDY	A	0.25%
	ISRG	A	0.25%
	CBOE	C	0.24%
	MFG	A	0.24%
	ELV	F	0.21%
	KHC	F	0.2%
	CTSH	B	0.2%
	AJG	A	0.19%
	ANET	C	0.19%
	PANW	B	0.18%
	CHKP	C	0.17%
	TSLA	B	0.16%
	FFIV	B	0.16%
	TM	F	0.15%
	YUM	D	0.15%
	UTHR	C	0.15%
	BAH	F	0.15%
	INCY	C	0.15%
	CMG	B	0.14%
	CTAS	B	0.14%
	WRB	A	0.14%
	MKL	A	0.13%
	CDNS	B	0.13%
	ERIE	D	0.12%
	GEN	B	0.12%
	SNPS	B	0.12%
	E	F	0.12%
	NBIX	C	0.11%
	AKAM	D	0.11%
	BCS	A	0.11%
	DEO	F	0.11%
	CNI	F	0.1%
	PAYX	B	0.1%
	SMFG	B	0.1%
	FI	A	0.09%
	LYG	D	0.09%
	FAST	B	0.09%
	F	C	0.09%
	ODFL	C	0.08%
	PTC	B	0.08%
	CPRT	B	0.08%
	ROL	B	0.08%
	KVUE	A	0.08%
	SONY	B	0.08%
	JKHY	D	0.07%
	WBD	B	0.07%
	MNST	C	0.07%
	HMC	F	0.07%
	EW	C	0.07%
	BMRN	F	0.07%
	CDW	F	0.07%
	LULU	C	0.07%
	WTW	B	0.07%
	IDXX	F	0.07%
	TSCO	D	0.06%
	TPL	A	0.06%
	LNG	A	0.06%
	BBY	D	0.06%
	EG	C	0.06%
	MOH	F	0.06%
	LOGI	D	0.06%
	DPZ	C	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%
	VLTO	C	0.05%
	CNC	D	0.05%
	DINO	D	0.05%
	FICO	B	0.05%
	MT	B	0.05%
	DECK	A	0.05%
	GPC	D	0.05%
	RMD	C	0.05%
	TROW	B	0.05%
	GRMN	B	0.05%
	WST	C	0.04%
	SNA	A	0.04%
	MANH	D	0.04%
	EXPD	C	0.04%
	WAT	C	0.04%
	MPWR	F	0.04%
	WDAY	B	0.04%
	TRGP	A	0.04%
	PLD	F	0.04%
	EME	A	0.04%
	AVY	F	0.03%
	IEX	C	0.03%
	GGG	B	0.03%
	BX	A	0.03%
	FDS	B	0.03%
	POOL	C	0.03%
	SW	A	0.03%
	CBRE	B	0.03%
	HIG	B	0.03%
	PNR	A	0.03%
	SOLV	D	0.03%
	VTRS	A	0.03%
	WSO	A	0.03%
	DRI	B	0.03%
	OXY	D	0.03%
	AMD	F	0.03%
	WSM	C	0.03%
	IT	C	0.03%
	KMX	B	0.02%
	TTC	C	0.02%
	MKTX	D	0.02%
	NRG	B	0.02%
	ACI	C	0.02%
	EQT	B	0.02%
	WY	F	0.02%
	SQ	A	0.02%
	AOS	F	0.02%
	GEHC	D	0.02%
	APO	B	0.02%
	SEIC	B	0.02%
	NMR	B	0.02%
	CEG	C	0.02%
	OVV	B	0.02%
	CINF	A	0.02%
	RJF	A	0.02%
	AFG	A	0.02%
	PAYC	B	0.02%
	VICI	C	0.02%
	GLW	B	0.02%
	MRO	B	0.02%
	NDSN	B	0.02%
	IPG	D	0.02%
	URI	C	0.02%
	DKS	D	0.02%
	BKR	A	0.02%
	EPAM	B	0.02%
	KKR	A	0.02%
	GEV	B	0.02%
	FCX	F	0.02%
	APA	D	0.02%
	TER	F	0.02%
	DASH	B	0.01%
	CPT	B	0.01%
	WTRG	B	0.01%
	CTLT	C	0.01%
	MGM	D	0.01%
	FSLR	F	0.01%
	SBAC	D	0.01%
	MBAVU	C	0.01%
	RCL	A	0.01%
	DVA	C	0.01%
	TRU	D	0.01%
	FOX	A	0.01%
	AVTR	F	0.01%
	NWSA	A	0.01%
	TTWO	A	0.01%
	STE	D	0.01%
	SUI	C	0.01%
	REG	A	0.01%
	BURL	B	0.01%
	IRM	C	0.01%
	CCL	A	0.01%
	MAS	D	0.01%
	STX	C	0.01%
	INVH	D	0.01%
	TWLO	A	0.01%
	HLT	A	0.01%
	HSIC	C	0.01%
	RVTY	F	0.01%
	CG	B	0.01%
	COIN	C	0.01%
	MRNA	F	0.01%
	CCEP	C	0.01%
	ACM	B	0.01%
	HWM	A	0.01%
	XYL	D	0.01%
	ZM	C	0.01%
	CHRD	D	0.01%
	CCK	D	0.01%
	AGCO	D	0.01%
	ZBRA	B	0.01%
	TDG	D	0.01%
	BALL	F	0.01%
	SSNC	B	0.01%
	CPAY	A	0.01%
	LKQ	F	0.01%
	WFG	C	0.01%
	ABNB	C	0.01%
	IR	B	0.01%
	SE	A	0.01%
	WDC	D	0.01%
	KNX	C	0.01%
	HOLX	D	0.01%
	BSY	F	0.01%
	IQV	F	0.01%
	J	D	0.01%
	FNF	B	0.01%
	PWR	A	0.01%
	UBER	F	0.01%
	CRBG	B	0.01%
	VST	A	0.01%
	CHRW	B	0.01%
	AME	A	0.01%
	MELI	C	0.01%
	ON	D	0.01%
	EXR	C	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	D	0.0%
	PSTG	D	0.0%
	FUTU	D	0.0%
	HEI	A	0.0%
	PINS	F	0.0%
	DT	D	0.0%
	DAY	B	0.0%
	SNOW	B	0.0%
	DOCU	B	0.0%
	EXAS	D	0.0%
	PODD	C	0.0%
	GRAB	A	0.0%
	TECH	F	0.0%
	ROKU	D	0.0%
	WYNN	C	0.0%
	OKTA	C	0.0%
	DXCM	C	0.0%
	CRWD	B	0.0%
	MSTR	B	0.0%
	TYL	B	0.0%
	TTD	B	0.0%
	ELS	C	0.0%
	HOOD	B	0.0%
	ENTG	D	0.0%
	TW	A	0.0%
	HEI	A	0.0%
	RIVN	F	0.0%
	Z	A	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	C	0.0%
	MSCI	C	0.0%
	CSGP	D	0.0%
	AXON	A	0.0%
	CRL	D	0.0%
	BIO	C	0.0%
	TFX	F	0.0%
	UDR	B	0.0%
	QRVO	F	0.0%
	OTEX	F	0.0%
	ANSS	B	0.0%
	AMH	C	0.0%
	ALGN	D	0.0%
	PLTR	B	0.0%
	UHAL	D	0.0%
	ARES	A	0.0%
	FBIN	D	0.0%

QWLD Underweight 110 Positions Relative to SCHJ

	Symbol	Grade	Weight
	BABA	D	-0.09%
	SF	B	-0.05%
	BERY	C	-0.05%
	DXC	B	-0.04%
	CMA	B	-0.04%
	BHP	F	-0.04%
	VFC	C	-0.04%
	JEF	A	-0.04%
	GSK	F	-0.04%
	TPR	B	-0.03%
	FAF	A	-0.03%
	HP	C	-0.03%
	THG	A	-0.03%
	BWA	D	-0.03%
	KMPR	A	-0.03%
	HAS	D	-0.03%
	MAIN	A	-0.03%
	TEL	B	-0.03%
	RL	C	-0.03%
	GP	F	-0.03%
	ORI	A	-0.03%
	TME	D	-0.03%
	BC	C	-0.03%
	SNX	D	-0.03%
	AN	C	-0.03%
	MHK	D	-0.03%
	WB	D	-0.03%
	FRT	B	-0.03%
	OPI	F	-0.03%
	JD	D	-0.03%
	AWH	F	-0.03%
	PVH	C	-0.03%
	JHG	B	-0.03%
	VNT	C	-0.03%
	BKU	A	-0.03%
	CNO	B	-0.03%
	AVT	C	-0.03%
	EPD	A	-0.03%
	ARCC	A	-0.03%
	BIDU	F	-0.03%
	HSBC	A	-0.03%
	TSLX	C	-0.02%
	TCPC	C	-0.02%
	FNB	A	-0.02%
	VLY	B	-0.02%
	SNV	C	-0.02%
	WAL	B	-0.02%
	LEG	F	-0.02%
	RGA	A	-0.02%
	KSS	F	-0.02%
	SBRA	C	-0.02%
	OCSL	F	-0.02%
	GXO	B	-0.02%
	HTGC	D	-0.02%
	NEU	D	-0.02%
	BCSF	C	-0.02%
	PSEC	D	-0.02%
	AGO	B	-0.02%
	RNR	C	-0.02%
	KRC	B	-0.02%
	TKR	D	-0.02%
	PNW	A	-0.02%
	G	B	-0.02%
	HRB	D	-0.02%
	GBDC	D	-0.02%
	FHN	A	-0.02%
	LNC	C	-0.02%
	HOG	D	-0.02%
	UNM	A	-0.02%
	LAZ	B	-0.02%
	GSBD	F	-0.02%
	BKH	A	-0.02%
	VOYA	B	-0.02%
	SLG	B	-0.02%
	CNA	C	-0.02%
	NNN	C	-0.02%
	UAL	A	-0.02%
	R	B	-0.02%
	SITC	D	-0.02%
	AGR	A	-0.02%
	CM	A	-0.02%
	AL	B	-0.02%
	VOD	F	-0.02%
	BNS	A	-0.02%
	DB	D	-0.02%
	RY	A	-0.02%
	NWG	A	-0.02%
	VNO	C	-0.01%
	PDM	D	-0.01%
	ARW	D	-0.01%
	OGE	A	-0.01%
	OHI	C	-0.01%
	CP	F	-0.01%
	WEST	C	-0.01%
	AMG	B	-0.01%
	OGS	A	-0.01%
	PAA	B	-0.01%
	NFG	A	-0.01%
	BMO	A	-0.01%
	AZN	F	-0.01%
	SCCO	F	-0.0%
	WHR	B	-0.0%
	FLEX	B	-0.0%
	CUBE	C	-0.0%
	BDN	C	-0.0%
	BRX	A	-0.0%
	WU	F	-0.0%
	IVZ	B	-0.0%
	FSK	A	-0.0%
	MPLX	A	-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

SCHJ: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Natural Gas Bank Insurance Banking Electricity Dow Jones Component Real Estate Investment Trust Investment Bank Computing Electronics Financial Products Insurance Products Cash Management Aerospace Chemical Commercial Banking Semiconductor Disability