QWLD vs. SPXN ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to ProShares S&P 500 Ex-Financials ETF (SPXN)

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

SPXN

ProShares S&P 500 Ex-Financials ETF

SPXN Description

The investment seeks investment results, before fees and expenses that track the performance of the S&P 500® Ex-Financials Index (the "index"). Under normal circumstances, the fund will invest at least 80% of its total assets in component securities. The index seeks to provide exposure to the companies of the S&P 500® Index (the "S&P 500®") with the exception of those companies included in the Financials Sector.

Grade (RS Rating)

Last Trade

$63.61

Average Daily Volume

1,537

Number of Holdings ^*

396

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	SPXN
30 Days	0.82%	2.53%
60 Days	0.23%	3.71%
90 Days	0.87%	5.17%
12 Months	22.65%	30.71%

384 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in SPXN	Overlap
	A	D	0.06%	0.09%	0.06%
	AAPL	C	2.57%	8.28%	2.57%
	ABBV	D	0.34%	0.7%	0.34%
	ABBV	D	0.16%	0.7%	0.16%
	ABNB	C	0.01%	0.14%	0.01%
	ABT	B	0.09%	0.49%	0.09%
	ACN	C	0.65%	0.53%	0.53%
	ADBE	C	0.42%	0.53%	0.42%
	ADI	D	0.04%	0.25%	0.04%
	ADM	D	0.05%	0.06%	0.05%
	ADP	B	0.26%	0.29%	0.26%
	ADSK	A	0.1%	0.16%	0.1%
	AEE	A	0.09%	0.06%	0.06%
	AEP	D	0.07%	0.12%	0.07%
	AES	F	0.01%	0.02%	0.01%
	AKAM	D	0.11%	0.03%	0.03%
	ALB	C	0.01%	0.03%	0.01%
	ALGN	D	0.0%	0.04%	0.0%
	ALLE	D	0.02%	0.03%	0.02%
	AMAT	F	0.29%	0.34%	0.29%
	AMCR	D	0.08%	0.04%	0.04%
	AMD	F	0.03%	0.54%	0.03%
	AME	A	0.01%	0.11%	0.01%
	AMGN	D	0.16%	0.36%	0.16%
	AMZN	C	0.37%	4.5%	0.37%
	ANET	C	0.19%	0.23%	0.19%
	ANSS	B	0.0%	0.07%	0.0%
	AOS	F	0.02%	0.02%	0.02%
	APA	D	0.02%	0.02%	0.02%
	APD	A	0.03%	0.17%	0.03%
	APH	A	0.43%	0.2%	0.2%
	APTV	D	0.01%	0.03%	0.01%
	ATO	A	0.01%	0.05%	0.01%
	AVGO	D	0.11%	1.84%	0.11%
	AVY	D	0.03%	0.04%	0.03%
	AWK	D	0.01%	0.06%	0.01%
	AXON	A	0.0%	0.1%	0.0%
	AZO	C	0.28%	0.13%	0.13%
	BA	F	0.01%	0.25%	0.01%
	BALL	D	0.01%	0.04%	0.01%
	BAX	D	0.01%	0.04%	0.01%
	BBY	D	0.06%	0.04%	0.04%
	BDX	F	0.07%	0.16%	0.07%
	BG	F	0.03%	0.03%	0.03%
	BIIB	F	0.01%	0.05%	0.01%
	BKNG	A	0.03%	0.4%	0.03%
	BKR	B	0.02%	0.1%	0.02%
	BLDR	D	0.05%	0.05%	0.05%
	BMY	B	0.21%	0.28%	0.21%
	BR	A	0.04%	0.06%	0.04%
	BSX	B	0.02%	0.32%	0.02%
	CAG	D	0.04%	0.03%	0.03%
	CAH	B	0.13%	0.07%	0.07%
	CARR	D	0.02%	0.15%	0.02%
	CAT	B	0.36%	0.45%	0.36%
	CCL	B	0.01%	0.06%	0.01%
	CDNS	B	0.13%	0.19%	0.13%
	CDW	F	0.07%	0.06%	0.06%
	CE	F	0.01%	0.02%	0.01%
	CEG	D	0.02%	0.17%	0.02%
	CF	B	0.13%	0.04%	0.04%
	CHD	B	0.19%	0.06%	0.06%
	CHRW	C	0.01%	0.03%	0.01%
	CHTR	C	0.05%	0.09%	0.05%
	CI	F	0.18%	0.22%	0.18%
	CL	D	0.2%	0.18%	0.18%
	CLX	B	0.01%	0.05%	0.01%
	CMCSA	B	0.17%	0.4%	0.17%
	CMG	B	0.14%	0.19%	0.14%
	CMI	A	0.1%	0.12%	0.1%
	CMS	C	0.05%	0.05%	0.05%
	CNC	D	0.05%	0.07%	0.05%
	CNP	B	0.01%	0.05%	0.01%
	COP	C	0.1%	0.32%	0.1%
	COR	B	0.41%	0.1%	0.1%
	COST	B	0.76%	0.97%	0.76%
	CPB	D	0.09%	0.02%	0.02%
	CPRT	A	0.08%	0.12%	0.08%
	CRL	C	0.0%	0.02%	0.0%
	CRM	B	0.06%	0.75%	0.06%
	CRWD	B	0.0%	0.19%	0.0%
	CSCO	B	1.03%	0.55%	0.55%
	CSX	B	0.11%	0.16%	0.11%
	CTAS	B	0.14%	0.18%	0.14%
	CTLT	B	0.01%	0.03%	0.01%
	CTRA	B	0.02%	0.05%	0.02%
	CTSH	B	0.2%	0.09%	0.09%
	CTVA	C	0.04%	0.09%	0.04%
	CVS	D	0.16%	0.17%	0.16%
	CVX	A	0.33%	0.65%	0.33%
	D	C	0.06%	0.12%	0.06%
	DAL	C	0.01%	0.1%	0.01%
	DAY	B	0.0%	0.03%	0.0%
	DD	D	0.02%	0.08%	0.02%
	DE	A	0.06%	0.25%	0.06%
	DECK	A	0.05%	0.06%	0.05%
	DELL	C	0.01%	0.09%	0.01%
	DG	F	0.01%	0.04%	0.01%
	DGX	A	0.11%	0.04%	0.04%
	DHI	D	0.1%	0.11%	0.1%
	DHR	F	0.05%	0.35%	0.05%
	DIS	B	0.1%	0.49%	0.1%
	DLTR	F	0.01%	0.03%	0.01%
	DOV	A	0.05%	0.07%	0.05%
	DOW	F	0.03%	0.07%	0.03%
	DPZ	C	0.06%	0.04%	0.04%
	DRI	B	0.03%	0.05%	0.03%
	DTE	C	0.02%	0.06%	0.02%
	DUK	C	0.36%	0.21%	0.21%
	DVA	B	0.01%	0.02%	0.01%
	DVN	F	0.03%	0.06%	0.03%
	DXCM	D	0.0%	0.07%	0.0%
	EA	A	0.2%	0.09%	0.09%
	EBAY	D	0.01%	0.07%	0.01%
	ECL	D	0.01%	0.15%	0.01%
	ED	D	0.35%	0.08%	0.08%
	EFX	F	0.01%	0.07%	0.01%
	EIX	B	0.03%	0.08%	0.03%
	EL	F	0.01%	0.04%	0.01%
	ELV	F	0.21%	0.22%	0.21%
	EMN	D	0.01%	0.03%	0.01%
	EMR	A	0.03%	0.18%	0.03%
	ENPH	F	0.01%	0.02%	0.01%
	EOG	A	0.06%	0.19%	0.06%
	EPAM	C	0.02%	0.03%	0.02%
	EQT	B	0.02%	0.06%	0.02%
	ES	D	0.01%	0.05%	0.01%
	ETN	A	0.03%	0.34%	0.03%
	ETR	B	0.03%	0.08%	0.03%
	EVRG	A	0.01%	0.03%	0.01%
	EW	C	0.07%	0.1%	0.07%
	EXC	C	0.03%	0.09%	0.03%
	EXPD	D	0.04%	0.04%	0.04%
	EXPE	B	0.01%	0.05%	0.01%
	F	C	0.09%	0.1%	0.09%
	FANG	D	0.09%	0.08%	0.08%
	FAST	B	0.09%	0.11%	0.09%
	FCX	D	0.02%	0.15%	0.02%
	FDX	B	0.07%	0.16%	0.07%
	FE	C	0.01%	0.05%	0.01%
	FFIV	B	0.16%	0.03%	0.03%
	FICO	B	0.05%	0.13%	0.05%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	B	0.01%	0.02%	0.01%
	FSLR	F	0.01%	0.05%	0.01%
	FTNT	C	0.01%	0.14%	0.01%
	FTV	C	0.01%	0.06%	0.01%
	GD	F	0.18%	0.18%	0.18%
	GDDY	A	0.25%	0.06%	0.06%
	GE	D	0.31%	0.46%	0.31%
	GEHC	F	0.02%	0.09%	0.02%
	GEN	B	0.12%	0.04%	0.04%
	GEV	B	0.02%	0.21%	0.02%
	GILD	C	0.24%	0.26%	0.24%
	GIS	D	0.33%	0.08%	0.08%
	GLW	B	0.02%	0.09%	0.02%
	GM	B	0.19%	0.15%	0.15%
	GOOG	C	0.94%	2.03%	0.94%
	GOOGL	C	1.07%	2.45%	1.07%
	GPC	D	0.05%	0.04%	0.04%
	GRMN	B	0.05%	0.08%	0.05%
	GWW	B	0.11%	0.13%	0.11%
	HAL	C	0.02%	0.06%	0.02%
	HCA	F	0.04%	0.15%	0.04%
	HD	A	0.15%	0.97%	0.15%
	HES	B	0.01%	0.1%	0.01%
	HII	D	0.01%	0.02%	0.01%
	HLT	A	0.01%	0.15%	0.01%
	HOLX	D	0.01%	0.04%	0.01%
	HON	B	0.26%	0.36%	0.26%
	HPE	B	0.04%	0.07%	0.04%
	HPQ	B	0.04%	0.09%	0.04%
	HRL	D	0.09%	0.02%	0.02%
	HSIC	B	0.01%	0.02%	0.01%
	HSY	F	0.16%	0.06%	0.06%
	HUBB	B	0.04%	0.06%	0.04%
	HUM	C	0.15%	0.08%	0.08%
	HWM	A	0.01%	0.11%	0.01%
	IBM	C	0.46%	0.46%	0.46%
	IDXX	F	0.07%	0.08%	0.07%
	IEX	B	0.03%	0.04%	0.03%
	IFF	D	0.01%	0.05%	0.01%
	INCY	C	0.15%	0.03%	0.03%
	INTC	D	0.1%	0.25%	0.1%
	INTU	C	0.27%	0.46%	0.27%
	IP	B	0.02%	0.05%	0.02%
	IPG	D	0.02%	0.02%	0.02%
	IQV	D	0.01%	0.08%	0.01%
	IR	B	0.01%	0.1%	0.01%
	ISRG	A	0.25%	0.45%	0.25%
	IT	C	0.03%	0.1%	0.03%
	ITW	B	0.13%	0.17%	0.13%
	J	F	0.01%	0.04%	0.01%
	JBHT	C	0.03%	0.04%	0.03%
	JBL	B	0.02%	0.03%	0.02%
	JCI	C	0.03%	0.13%	0.03%
	JNJ	D	1.1%	0.89%	0.89%
	JNPR	F	0.12%	0.03%	0.03%
	K	A	0.23%	0.05%	0.05%
	KDP	D	0.14%	0.08%	0.08%
	KEYS	A	0.17%	0.06%	0.06%
	KHC	F	0.2%	0.07%	0.07%
	KLAC	D	0.14%	0.2%	0.14%
	KMB	D	0.11%	0.11%	0.11%
	KMI	A	0.04%	0.13%	0.04%
	KMX	B	0.02%	0.03%	0.02%
	KO	D	0.56%	0.57%	0.56%
	KR	B	0.31%	0.09%	0.09%
	KVUE	A	0.08%	0.11%	0.08%
	LDOS	C	0.01%	0.05%	0.01%
	LEN	D	0.09%	0.1%	0.09%
	LH	C	0.02%	0.05%	0.02%
	LHX	C	0.02%	0.11%	0.02%
	LIN	D	0.06%	0.52%	0.06%
	LKQ	D	0.01%	0.02%	0.01%
	LLY	F	1.14%	1.37%	1.14%
	LMT	D	0.42%	0.27%	0.27%
	LNT	A	0.03%	0.04%	0.03%
	LOW	D	0.07%	0.37%	0.07%
	LRCX	F	0.18%	0.22%	0.18%
	LULU	C	0.07%	0.08%	0.07%
	LUV	C	0.0%	0.05%	0.0%
	LVS	C	0.0%	0.04%	0.0%
	LW	C	0.0%	0.03%	0.0%
	LYB	F	0.03%	0.05%	0.03%
	LYV	A	0.0%	0.05%	0.0%
	MAR	B	0.01%	0.16%	0.01%
	MAS	D	0.01%	0.04%	0.01%
	MCD	D	0.42%	0.5%	0.42%
	MCHP	D	0.06%	0.08%	0.06%
	MCK	B	0.58%	0.19%	0.19%
	MDLZ	F	0.14%	0.2%	0.14%
	MDT	D	0.06%	0.27%	0.06%
	META	D	2.11%	2.89%	2.11%
	MGM	D	0.01%	0.02%	0.01%
	MKC	D	0.01%	0.04%	0.01%
	MLM	B	0.01%	0.09%	0.01%
	MMM	D	0.14%	0.17%	0.14%
	MNST	C	0.07%	0.09%	0.07%
	MO	A	0.04%	0.23%	0.04%
	MOH	F	0.06%	0.04%	0.04%
	MOS	F	0.02%	0.02%	0.02%
	MPC	D	0.17%	0.13%	0.13%
	MPWR	F	0.04%	0.07%	0.04%
	MRK	F	0.42%	0.58%	0.42%
	MRNA	F	0.01%	0.03%	0.01%
	MRO	B	0.02%	0.04%	0.02%
	MSFT	F	2.3%	7.38%	2.3%
	MSI	B	0.65%	0.2%	0.2%
	MTCH	D	0.0%	0.02%	0.0%
	MU	D	0.04%	0.26%	0.04%
	NDSN	B	0.02%	0.03%	0.02%
	NEE	D	0.06%	0.37%	0.06%
	NEM	D	0.04%	0.12%	0.04%
	NFLX	A	0.54%	0.87%	0.54%
	NI	A	0.01%	0.04%	0.01%
	NKE	D	0.17%	0.21%	0.17%
	NOC	D	0.32%	0.16%	0.16%
	NOW	A	0.01%	0.5%	0.01%
	NRG	B	0.02%	0.05%	0.02%
	NSC	B	0.03%	0.14%	0.03%
	NTAP	C	0.04%	0.06%	0.04%
	NUE	C	0.04%	0.08%	0.04%
	NVDA	C	2.53%	8.23%	2.53%
	NVR	D	0.06%	0.06%	0.06%
	NWSA	B	0.01%	0.03%	0.01%
	NXPI	D	0.02%	0.13%	0.02%
	ODFL	B	0.08%	0.1%	0.08%
	OKE	A	0.03%	0.16%	0.03%
	OMC	C	0.04%	0.05%	0.04%
	ON	D	0.01%	0.07%	0.01%
	ORCL	B	0.25%	0.71%	0.25%
	ORLY	B	0.24%	0.17%	0.17%
	OTIS	C	0.01%	0.1%	0.01%
	OXY	D	0.03%	0.08%	0.03%
	PANW	C	0.18%	0.3%	0.18%
	PARA	C	0.01%	0.01%	0.01%
	PAYC	B	0.02%	0.03%	0.02%
	PAYX	C	0.1%	0.11%	0.1%
	PCAR	B	0.11%	0.14%	0.11%
	PCG	A	0.03%	0.11%	0.03%
	PEG	A	0.02%	0.11%	0.02%
	PEP	F	0.77%	0.52%	0.52%
	PFE	D	0.18%	0.34%	0.18%
	PG	A	0.95%	0.96%	0.95%
	PH	A	0.02%	0.21%	0.02%
	PHM	D	0.06%	0.06%	0.06%
	PKG	A	0.04%	0.05%	0.04%
	PLTR	B	0.0%	0.3%	0.0%
	PM	B	0.07%	0.49%	0.07%
	PNR	A	0.03%	0.04%	0.03%
	PODD	C	0.0%	0.04%	0.0%
	POOL	C	0.03%	0.03%	0.03%
	PPG	F	0.01%	0.07%	0.01%
	PPL	B	0.01%	0.06%	0.01%
	PSX	C	0.14%	0.13%	0.13%
	PTC	A	0.08%	0.05%	0.05%
	PWR	A	0.01%	0.12%	0.01%
	QCOM	F	0.32%	0.44%	0.32%
	QRVO	F	0.0%	0.02%	0.0%
	RCL	A	0.01%	0.13%	0.01%
	REGN	F	0.31%	0.19%	0.19%
	RMD	C	0.05%	0.08%	0.05%
	ROK	B	0.06%	0.08%	0.06%
	ROL	B	0.08%	0.03%	0.03%
	ROP	B	0.48%	0.14%	0.14%
	ROST	C	0.02%	0.11%	0.02%
	RSG	A	0.46%	0.1%	0.1%
	RTX	C	0.09%	0.38%	0.09%
	RVTY	F	0.01%	0.03%	0.01%
	SBUX	A	0.04%	0.27%	0.04%
	SHW	A	0.14%	0.21%	0.14%
	SJM	D	0.07%	0.03%	0.03%
	SLB	C	0.03%	0.15%	0.03%
	SMCI	F	0.01%	0.03%	0.01%
	SNA	A	0.04%	0.05%	0.04%
	SNPS	B	0.12%	0.19%	0.12%
	SO	D	0.46%	0.23%	0.23%
	SOLV	C	0.03%	0.02%	0.02%
	SRE	A	0.04%	0.14%	0.04%
	STE	F	0.01%	0.05%	0.01%
	STLD	B	0.02%	0.05%	0.02%
	STX	D	0.01%	0.05%	0.01%
	STZ	D	0.01%	0.09%	0.01%
	SW	A	0.03%	0.06%	0.03%
	SWK	D	0.01%	0.03%	0.01%
	SWKS	F	0.03%	0.03%	0.03%
	SYK	C	0.03%	0.32%	0.03%
	SYY	B	0.03%	0.09%	0.03%
	T	A	0.39%	0.39%	0.39%
	TAP	C	0.01%	0.03%	0.01%
	TDG	D	0.01%	0.17%	0.01%
	TDY	B	0.06%	0.05%	0.05%
	TECH	D	0.0%	0.03%	0.0%
	TER	D	0.02%	0.04%	0.02%
	TFX	F	0.0%	0.02%	0.0%
	TGT	F	0.15%	0.17%	0.15%
	TJX	A	0.35%	0.32%	0.32%
	TMO	F	0.06%	0.46%	0.06%
	TMUS	B	0.76%	0.28%	0.28%
	TRGP	B	0.04%	0.1%	0.04%
	TRMB	B	0.01%	0.04%	0.01%
	TSCO	D	0.06%	0.07%	0.06%
	TSLA	B	0.16%	2.25%	0.16%
	TSN	B	0.15%	0.04%	0.04%
	TT	A	0.15%	0.22%	0.15%
	TTWO	A	0.01%	0.07%	0.01%
	TXN	C	0.48%	0.45%	0.45%
	TXT	D	0.01%	0.04%	0.01%
	TYL	B	0.0%	0.06%	0.0%
	UBER	D	0.01%	0.35%	0.01%
	UHS	D	0.01%	0.03%	0.01%
	ULTA	F	0.06%	0.04%	0.04%
	UNH	C	1.35%	1.3%	1.3%
	UNP	C	0.26%	0.34%	0.26%
	UPS	C	0.07%	0.24%	0.07%
	URI	B	0.02%	0.13%	0.02%
	VLO	C	0.08%	0.11%	0.08%
	VLTO	D	0.05%	0.06%	0.05%
	VMC	B	0.01%	0.09%	0.01%
	VRSK	A	0.01%	0.1%	0.01%
	VRSN	F	0.14%	0.04%	0.04%
	VRTX	F	0.43%	0.29%	0.29%
	VST	B	0.01%	0.12%	0.01%
	VTRS	A	0.03%	0.04%	0.03%
	VZ	C	0.58%	0.42%	0.42%
	WAB	B	0.01%	0.08%	0.01%
	WAT	B	0.04%	0.05%	0.04%
	WBA	F	0.04%	0.01%	0.01%
	WBD	C	0.07%	0.05%	0.05%
	WDC	D	0.01%	0.05%	0.01%
	WEC	A	0.2%	0.07%	0.07%
	WM	A	0.52%	0.19%	0.19%
	WMB	A	0.19%	0.17%	0.17%
	WMT	A	0.76%	0.87%	0.76%
	WST	C	0.04%	0.05%	0.04%
	WYNN	D	0.0%	0.02%	0.0%
	XEL	A	0.09%	0.09%	0.09%
	XOM	B	0.47%	1.28%	0.47%
	XYL	D	0.01%	0.07%	0.01%
	YUM	B	0.15%	0.09%	0.09%
	ZBH	C	0.01%	0.06%	0.01%
	ZBRA	B	0.01%	0.05%	0.01%
	ZTS	D	0.15%	0.19%	0.15%

QWLD Overweight 226 Positions Relative to SPXN

	Symbol	Grade	Weight
	V	A	1.21%
	NVS	D	0.79%
	BRK.A	B	0.73%
	MA	C	0.71%
	JPM	A	0.6%
	MMC	B	0.51%
	CB	C	0.4%
	BAC	A	0.39%
	PGR	A	0.35%
	TRV	B	0.3%
	WFC	A	0.28%
	UL	D	0.27%
	WCN	A	0.27%
	ACGL	D	0.26%
	HSBH	B	0.25%
	C	A	0.25%
	BLK	C	0.25%
	CBOE	B	0.24%
	MFG	B	0.24%
	AJG	B	0.19%
	AON	A	0.17%
	L	A	0.17%
	CHKP	D	0.17%
	GS	A	0.17%
	CME	A	0.16%
	TM	D	0.15%
	UTHR	C	0.15%
	BAH	F	0.15%
	BRO	B	0.14%
	MUFG	B	0.14%
	WRB	A	0.14%
	MKL	A	0.13%
	MCO	B	0.13%
	ERIE	D	0.12%
	MS	A	0.12%
	AFL	B	0.12%
	TD	F	0.12%
	E	F	0.12%
	NBIX	C	0.11%
	BCS	C	0.11%
	FCNCA	A	0.11%
	DEO	F	0.11%
	PNC	B	0.1%
	COF	B	0.1%
	CNI	D	0.1%
	SMFG	B	0.1%
	FI	A	0.09%
	PSA	D	0.09%
	LYG	F	0.09%
	TFC	A	0.09%
	USB	A	0.09%
	AMP	A	0.09%
	ALL	A	0.08%
	AIZ	A	0.08%
	SONY	B	0.08%
	STLA	F	0.08%
	JKHY	D	0.07%
	HMC	F	0.07%
	AIG	B	0.07%
	BMRN	D	0.07%
	WTW	B	0.07%
	TPL	A	0.06%
	LNG	B	0.06%
	EG	C	0.06%
	LOGI	D	0.06%
	AXP	A	0.06%
	VEEV	C	0.05%
	LPLA	A	0.05%
	MTB	A	0.05%
	BTI	B	0.05%
	PRU	A	0.05%
	DINO	D	0.05%
	MT	B	0.05%
	MET	A	0.05%
	BK	A	0.05%
	TROW	B	0.05%
	SPGI	C	0.04%
	MANH	D	0.04%
	SYF	B	0.04%
	CFG	B	0.04%
	SCHW	B	0.04%
	WDAY	B	0.04%
	DFS	B	0.04%
	PLD	D	0.04%
	PYPL	B	0.04%
	EME	C	0.04%
	GGG	B	0.03%
	BX	A	0.03%
	FDS	B	0.03%
	CBRE	B	0.03%
	ICE	C	0.03%
	HIG	B	0.03%
	CSL	C	0.03%
	HBAN	A	0.03%
	WSO	A	0.03%
	OC	A	0.03%
	STT	A	0.03%
	RF	A	0.03%
	FITB	A	0.03%
	WSM	B	0.03%
	ALLY	C	0.02%
	EQIX	A	0.02%
	TTC	D	0.02%
	MKTX	D	0.02%
	ACI	C	0.02%
	WY	D	0.02%
	SQ	B	0.02%
	APO	B	0.02%
	RS	B	0.02%
	SEIC	B	0.02%
	NMR	B	0.02%
	NTRS	A	0.02%
	OVV	B	0.02%
	SPG	B	0.02%
	AER	B	0.02%
	CINF	A	0.02%
	FIS	C	0.02%
	RJF	A	0.02%
	AFG	A	0.02%
	PFG	D	0.02%
	DLR	B	0.02%
	WELL	A	0.02%
	VICI	C	0.02%
	GPN	B	0.02%
	AMT	D	0.02%
	O	D	0.02%
	DKS	C	0.02%
	KKR	A	0.02%
	KEY	B	0.02%
	DASH	A	0.01%
	CPT	B	0.01%
	WTRG	B	0.01%
	RPRX	D	0.01%
	SBAC	D	0.01%
	MBAVU	D	0.01%
	HST	C	0.01%
	GLPI	C	0.01%
	RPM	A	0.01%
	TRU	D	0.01%
	AVTR	F	0.01%
	SUI	D	0.01%
	REG	B	0.01%
	BURL	A	0.01%
	IRM	D	0.01%
	WPC	D	0.01%
	INVH	D	0.01%
	TWLO	A	0.01%
	ESS	B	0.01%
	BEN	C	0.01%
	CG	A	0.01%
	COIN	C	0.01%
	DOC	D	0.01%
	CCEP	C	0.01%
	ACM	A	0.01%
	BXP	D	0.01%
	MAA	B	0.01%
	ZM	B	0.01%
	CHRD	D	0.01%
	CCK	C	0.01%
	AGCO	D	0.01%
	ARE	D	0.01%
	SSNC	B	0.01%
	CPAY	A	0.01%
	WFG	D	0.01%
	SE	B	0.01%
	KNX	B	0.01%
	VTR	C	0.01%
	NDAQ	A	0.01%
	BSY	D	0.01%
	KIM	A	0.01%
	MRVL	B	0.01%
	EQR	B	0.01%
	EQH	B	0.01%
	FNF	B	0.01%
	AVB	B	0.01%
	CRBG	B	0.01%
	MELI	D	0.01%
	EXR	D	0.01%
	CCI	D	0.01%
	CNH	C	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%
	SNOW	C	0.0%
	DOCU	A	0.0%
	EXAS	D	0.0%
	GRAB	B	0.0%
	ROKU	D	0.0%
	OKTA	C	0.0%
	MSTR	C	0.0%
	LII	A	0.0%
	TTD	B	0.0%
	ELS	C	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%
	QGEN	D	0.0%
	VRT	B	0.0%
	APP	B	0.0%
	BBWI	D	0.0%
	MSCI	C	0.0%
	CSGP	D	0.0%
	BIO	D	0.0%
	UDR	B	0.0%
	ILMN	D	0.0%
	OTEX	D	0.0%
	AMH	D	0.0%
	UHAL	D	0.0%
	ARES	A	0.0%
	FBIN	D	0.0%

QWLD Underweight 13 Positions Relative to SPXN

	Symbol	Grade	Weight
	UAL	A	-0.07%
	MTD	D	-0.06%
	GNRC	B	-0.03%
	NCLH	B	-0.03%
	TPR	B	-0.03%
	FMC	D	-0.02%
	MHK	D	-0.02%
	BWA	D	-0.02%
	CZR	F	-0.02%
	HAS	D	-0.02%
	RL	B	-0.02%
	PNW	B	-0.02%
	NWS	B	-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

SPXN: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Semiconductors Diagnostics & Research Oil & Gas E&P Aerospace & Defense Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Business Services Health Care Plans Household & Personal Products Information Technology Services Specialty Chemicals Utilities - Diversified Internet Content & Information Leisure

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Dow Jones Component Electronics Chemical Medicine Aerospace Semiconductor Telecommunications Petroleum Industry Transport Mining Plastic Beverage Integrated Circuits Mobile Devices Work From Home