QWLD vs. SPYV ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV)

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

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.67

Average Daily Volume

2,147,969

Number of Holdings ^*

433

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	SPYV
30 Days	0.82%	2.77%
60 Days	0.23%	4.01%
90 Days	0.87%	6.06%
12 Months	22.65%	26.94%

419 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in SPYV	Overlap
A	D	0.06%	0.18%	0.06%
ABBV	D	0.16%	0.88%	0.16%
ABBV	D	0.34%	0.88%	0.34%
ABNB	C	0.01%	0.14%	0.01%
ABT	B	0.09%	0.94%	0.09%
ACN	C	0.65%	0.49%	0.49%
ADI	D	0.04%	0.2%	0.04%
ADM	D	0.05%	0.12%	0.05%
ADP	B	0.26%	0.35%	0.26%
ADSK	A	0.1%	0.15%	0.1%
AEE	A	0.09%	0.11%	0.09%
AEP	D	0.07%	0.23%	0.07%
AES	F	0.01%	0.05%	0.01%
AFL	B	0.12%	0.26%	0.12%
AIG	B	0.07%	0.23%	0.07%
AIZ	A	0.08%	0.05%	0.05%
AJG	B	0.19%	0.15%	0.15%
AKAM	D	0.11%	0.03%	0.03%
ALB	C	0.01%	0.06%	0.01%
ALGN	D	0.0%	0.03%	0.0%
ALL	A	0.08%	0.24%	0.08%
ALLE	D	0.02%	0.04%	0.02%
AMCR	D	0.08%	0.07%	0.07%
AME	A	0.01%	0.11%	0.01%
AMGN	D	0.16%	0.75%	0.16%
AMP	A	0.09%	0.12%	0.09%
AMT	D	0.02%	0.25%	0.02%
ANSS	B	0.0%	0.06%	0.0%
AON	A	0.17%	0.19%	0.17%
AOS	F	0.02%	0.02%	0.02%
APD	A	0.03%	0.33%	0.03%
APH	A	0.43%	0.18%	0.18%
APTV	D	0.01%	0.07%	0.01%
ARE	D	0.01%	0.08%	0.01%
ATO	A	0.01%	0.1%	0.01%
AVB	B	0.01%	0.15%	0.01%
AVY	D	0.03%	0.08%	0.03%
AWK	D	0.01%	0.12%	0.01%
AXP	A	0.06%	0.23%	0.06%
AZO	C	0.28%	0.08%	0.08%
BA	F	0.01%	0.26%	0.01%
BAC	A	0.39%	1.45%	0.39%
BALL	D	0.01%	0.09%	0.01%
BAX	D	0.01%	0.08%	0.01%
BBY	D	0.06%	0.08%	0.06%
BDX	F	0.07%	0.31%	0.07%
BEN	C	0.01%	0.03%	0.01%
BG	F	0.03%	0.06%	0.03%
BIIB	F	0.01%	0.11%	0.01%
BK	A	0.05%	0.27%	0.05%
BKR	B	0.02%	0.2%	0.02%
BLK	C	0.25%	0.68%	0.25%
BMY	B	0.21%	0.56%	0.21%
BR	A	0.04%	0.05%	0.04%
BRK.A	B	0.73%	4.01%	0.73%
BRO	B	0.14%	0.03%	0.03%
BSX	B	0.02%	0.27%	0.02%
BX	A	0.03%	0.17%	0.03%
BXP	D	0.01%	0.05%	0.01%
C	A	0.25%	0.61%	0.25%
CAG	D	0.04%	0.06%	0.04%
CAH	B	0.13%	0.14%	0.13%
CARR	D	0.02%	0.15%	0.02%
CAT	B	0.36%	0.37%	0.36%
CB	C	0.4%	0.5%	0.4%
CBOE	B	0.24%	0.03%	0.03%
CBRE	B	0.03%	0.19%	0.03%
CCI	D	0.01%	0.21%	0.01%
CCL	B	0.01%	0.03%	0.01%
CDW	F	0.07%	0.07%	0.07%
CEG	D	0.02%	0.18%	0.02%
CF	B	0.13%	0.03%	0.03%
CFG	B	0.04%	0.1%	0.04%
CHD	B	0.19%	0.07%	0.07%
CHRW	C	0.01%	0.06%	0.01%
CHTR	C	0.05%	0.1%	0.05%
CI	F	0.18%	0.42%	0.18%
CINF	A	0.02%	0.11%	0.02%
CL	D	0.2%	0.21%	0.2%
CLX	B	0.01%	0.1%	0.01%
CMCSA	B	0.17%	0.79%	0.17%
CME	A	0.16%	0.24%	0.16%
CMI	A	0.1%	0.23%	0.1%
CMS	C	0.05%	0.09%	0.05%
CNC	D	0.05%	0.14%	0.05%
CNP	B	0.01%	0.09%	0.01%
COF	B	0.1%	0.33%	0.1%
COP	C	0.1%	0.19%	0.1%
COR	B	0.41%	0.2%	0.2%
COST	B	0.76%	1.11%	0.76%
CPB	D	0.09%	0.04%	0.04%
CPT	B	0.01%	0.06%	0.01%
CRL	C	0.0%	0.05%	0.0%
CSCO	B	1.03%	1.09%	1.03%
CSGP	D	0.0%	0.08%	0.0%
CSX	B	0.11%	0.16%	0.11%
CTAS	B	0.14%	0.16%	0.14%
CTLT	B	0.01%	0.05%	0.01%
CTRA	B	0.02%	0.03%	0.02%
CTSH	B	0.2%	0.19%	0.19%
CTVA	C	0.04%	0.19%	0.04%
CVS	D	0.16%	0.32%	0.16%
CVX	A	0.33%	1.29%	0.33%
D	C	0.06%	0.22%	0.06%
DAL	C	0.01%	0.09%	0.01%
DAY	B	0.0%	0.03%	0.0%
DD	D	0.02%	0.16%	0.02%
DE	A	0.06%	0.2%	0.06%
DELL	C	0.01%	0.08%	0.01%
DFS	B	0.04%	0.09%	0.04%
DG	F	0.01%	0.08%	0.01%
DGX	A	0.11%	0.08%	0.08%
DHR	F	0.05%	0.72%	0.05%
DIS	B	0.1%	0.93%	0.1%
DLR	B	0.02%	0.15%	0.02%
DLTR	F	0.01%	0.06%	0.01%
DOC	D	0.01%	0.07%	0.01%
DOV	A	0.05%	0.13%	0.05%
DOW	F	0.03%	0.15%	0.03%
DPZ	C	0.06%	0.04%	0.04%
DRI	B	0.03%	0.04%	0.03%
DTE	C	0.02%	0.12%	0.02%
DUK	C	0.36%	0.4%	0.36%
DVA	B	0.01%	0.01%	0.01%
DVN	F	0.03%	0.12%	0.03%
DXCM	D	0.0%	0.05%	0.0%
EA	A	0.2%	0.1%	0.1%
EBAY	D	0.01%	0.14%	0.01%
ECL	D	0.01%	0.14%	0.01%
ED	D	0.35%	0.15%	0.15%
EFX	F	0.01%	0.09%	0.01%
EG	C	0.06%	0.07%	0.06%
EIX	B	0.03%	0.15%	0.03%
EL	F	0.01%	0.07%	0.01%
ELV	F	0.21%	0.44%	0.21%
EMN	D	0.01%	0.06%	0.01%
EMR	A	0.03%	0.35%	0.03%
ENPH	F	0.01%	0.03%	0.01%
EOG	A	0.06%	0.12%	0.06%
EPAM	C	0.02%	0.04%	0.02%
EQIX	A	0.02%	0.21%	0.02%
EQR	B	0.01%	0.12%	0.01%
EQT	B	0.02%	0.12%	0.02%
ERIE	D	0.12%	0.02%	0.02%
ES	D	0.01%	0.1%	0.01%
ESS	B	0.01%	0.09%	0.01%
ETN	A	0.03%	0.26%	0.03%
ETR	B	0.03%	0.15%	0.03%
EVRG	A	0.01%	0.07%	0.01%
EW	C	0.07%	0.12%	0.07%
EXC	C	0.03%	0.18%	0.03%
EXPD	D	0.04%	0.05%	0.04%
EXR	D	0.01%	0.16%	0.01%
F	C	0.09%	0.2%	0.09%
FAST	B	0.09%	0.11%	0.09%
FCX	D	0.02%	0.15%	0.02%
FDS	B	0.03%	0.05%	0.03%
FDX	B	0.07%	0.31%	0.07%
FE	C	0.01%	0.1%	0.01%
FFIV	B	0.16%	0.07%	0.07%
FI	A	0.09%	0.27%	0.09%
FIS	C	0.02%	0.23%	0.02%
FITB	A	0.03%	0.15%	0.03%
FOX	A	0.01%	0.03%	0.01%
FOXA	B	0.01%	0.05%	0.01%
FSLR	F	0.01%	0.1%	0.01%
GD	F	0.18%	0.35%	0.18%
GE	D	0.31%	0.52%	0.31%
GEHC	F	0.02%	0.18%	0.02%
GEN	B	0.12%	0.08%	0.08%
GEV	B	0.02%	0.24%	0.02%
GILD	C	0.24%	0.54%	0.24%
GIS	D	0.33%	0.17%	0.17%
GLW	B	0.02%	0.17%	0.02%
GM	B	0.19%	0.3%	0.19%
GPC	D	0.05%	0.08%	0.05%
GPN	B	0.02%	0.14%	0.02%
GRMN	B	0.05%	0.07%	0.05%
GS	A	0.17%	0.87%	0.17%
GWW	B	0.11%	0.06%	0.06%
HAL	C	0.02%	0.12%	0.02%
HBAN	A	0.03%	0.12%	0.03%
HCA	F	0.04%	0.16%	0.04%
HD	A	0.15%	1.19%	0.15%
HIG	B	0.03%	0.16%	0.03%
HII	D	0.01%	0.04%	0.01%
HOLX	D	0.01%	0.08%	0.01%
HON	B	0.26%	0.7%	0.26%
HPE	B	0.04%	0.13%	0.04%
HPQ	B	0.04%	0.17%	0.04%
HRL	D	0.09%	0.04%	0.04%
HSIC	B	0.01%	0.04%	0.01%
HST	C	0.01%	0.02%	0.01%
HSY	F	0.16%	0.08%	0.08%
HUBB	B	0.04%	0.06%	0.04%
HUM	C	0.15%	0.16%	0.15%
HWM	A	0.01%	0.09%	0.01%
IBM	C	0.46%	0.9%	0.46%
ICE	C	0.03%	0.42%	0.03%
IDXX	F	0.07%	0.07%	0.07%
IEX	B	0.03%	0.08%	0.03%
IFF	D	0.01%	0.11%	0.01%
INCY	C	0.15%	0.06%	0.06%
INTC	D	0.1%	0.5%	0.1%
INVH	D	0.01%	0.09%	0.01%
IP	B	0.02%	0.09%	0.02%
IPG	D	0.02%	0.05%	0.02%
IQV	D	0.01%	0.1%	0.01%
IR	B	0.01%	0.05%	0.01%
IRM	D	0.01%	0.08%	0.01%
ISRG	A	0.25%	0.3%	0.25%
ITW	B	0.13%	0.18%	0.13%
J	F	0.01%	0.08%	0.01%
JBHT	C	0.03%	0.07%	0.03%
JBL	B	0.02%	0.03%	0.02%
JCI	C	0.03%	0.27%	0.03%
JKHY	D	0.07%	0.06%	0.06%
JNJ	D	1.1%	1.71%	1.1%
JNPR	F	0.12%	0.06%	0.06%
JPM	A	0.6%	3.22%	0.6%
K	A	0.23%	0.1%	0.1%
KDP	D	0.14%	0.18%	0.14%
KEY	B	0.02%	0.08%	0.02%
KEYS	A	0.17%	0.13%	0.13%
KHC	F	0.2%	0.13%	0.13%
KIM	A	0.01%	0.08%	0.01%
KMB	D	0.11%	0.21%	0.11%
KMI	A	0.04%	0.24%	0.04%
KMX	B	0.02%	0.06%	0.02%
KO	D	0.56%	0.69%	0.56%
KR	B	0.31%	0.18%	0.18%
KVUE	A	0.08%	0.21%	0.08%
L	A	0.17%	0.07%	0.07%
LDOS	C	0.01%	0.11%	0.01%
LEN	D	0.09%	0.08%	0.08%
LH	C	0.02%	0.09%	0.02%
LHX	C	0.02%	0.22%	0.02%
LIN	D	0.06%	0.49%	0.06%
LKQ	D	0.01%	0.05%	0.01%
LMT	D	0.42%	0.54%	0.42%
LNT	A	0.03%	0.07%	0.03%
LOW	D	0.07%	0.72%	0.07%
LUV	C	0.0%	0.09%	0.0%
LVS	C	0.0%	0.03%	0.0%
LW	C	0.0%	0.02%	0.0%
LYB	F	0.03%	0.1%	0.03%
MA	C	0.71%	0.56%	0.56%
MAA	B	0.01%	0.09%	0.01%
MAS	D	0.01%	0.04%	0.01%
MCD	D	0.42%	0.56%	0.42%
MCHP	D	0.06%	0.07%	0.06%
MCK	B	0.58%	0.37%	0.37%
MCO	B	0.13%	0.19%	0.13%
MDLZ	F	0.14%	0.24%	0.14%
MDT	D	0.06%	0.52%	0.06%
MET	A	0.05%	0.23%	0.05%
MGM	D	0.01%	0.01%	0.01%
MKC	D	0.01%	0.09%	0.01%
MKTX	D	0.02%	0.05%	0.02%
MLM	B	0.01%	0.06%	0.01%
MMC	B	0.51%	0.25%	0.25%
MMM	D	0.14%	0.34%	0.14%
MNST	C	0.07%	0.07%	0.07%
MO	A	0.04%	0.44%	0.04%
MOH	F	0.06%	0.03%	0.03%
MOS	F	0.02%	0.04%	0.02%
MPC	D	0.17%	0.11%	0.11%
MRK	F	0.42%	0.7%	0.42%
MRNA	F	0.01%	0.06%	0.01%
MRO	B	0.02%	0.04%	0.02%
MS	A	0.12%	0.77%	0.12%
MSCI	C	0.0%	0.1%	0.0%
MSI	B	0.65%	0.16%	0.16%
MTB	A	0.05%	0.17%	0.05%
MTCH	D	0.0%	0.04%	0.0%
MU	D	0.04%	0.52%	0.04%
NDAQ	A	0.01%	0.15%	0.01%
NDSN	B	0.02%	0.07%	0.02%
NEE	D	0.06%	0.72%	0.06%
NEM	D	0.04%	0.22%	0.04%
NI	A	0.01%	0.08%	0.01%
NKE	D	0.17%	0.24%	0.17%
NOC	D	0.32%	0.32%	0.32%
NRG	B	0.02%	0.09%	0.02%
NSC	B	0.03%	0.28%	0.03%
NTAP	C	0.04%	0.07%	0.04%
NTRS	A	0.02%	0.1%	0.02%
NUE	C	0.04%	0.06%	0.04%
NWSA	B	0.01%	0.05%	0.01%
NXPI	D	0.02%	0.07%	0.02%
O	D	0.02%	0.23%	0.02%
OKE	A	0.03%	0.11%	0.03%
OMC	C	0.04%	0.1%	0.04%
ON	D	0.01%	0.08%	0.01%
ORLY	B	0.24%	0.09%	0.09%
OTIS	C	0.01%	0.11%	0.01%
OXY	D	0.03%	0.16%	0.03%
PARA	C	0.01%	0.03%	0.01%
PAYC	B	0.02%	0.03%	0.02%
PAYX	C	0.1%	0.13%	0.1%
PCAR	B	0.11%	0.08%	0.08%
PCG	A	0.03%	0.21%	0.03%
PEG	A	0.02%	0.2%	0.02%
PEP	F	0.77%	0.68%	0.68%
PFE	D	0.18%	0.69%	0.18%
PFG	D	0.02%	0.09%	0.02%
PG	A	0.95%	1.12%	0.95%
PGR	A	0.35%	0.35%	0.35%
PH	A	0.02%	0.09%	0.02%
PKG	A	0.04%	0.1%	0.04%
PLD	D	0.04%	0.5%	0.04%
PM	B	0.07%	0.59%	0.07%
PNC	B	0.1%	0.39%	0.1%
PNR	A	0.03%	0.02%	0.02%
PODD	C	0.0%	0.05%	0.0%
POOL	C	0.03%	0.03%	0.03%
PPG	F	0.01%	0.13%	0.01%
PPL	B	0.01%	0.12%	0.01%
PRU	A	0.05%	0.21%	0.05%
PSA	D	0.09%	0.14%	0.09%
PSX	C	0.14%	0.25%	0.14%
PTC	A	0.08%	0.04%	0.04%
PWR	A	0.01%	0.07%	0.01%
PYPL	B	0.04%	0.41%	0.04%
QCOM	F	0.32%	0.41%	0.32%
QRVO	F	0.0%	0.03%	0.0%
REG	B	0.01%	0.06%	0.01%
REGN	F	0.31%	0.16%	0.16%
RF	A	0.03%	0.11%	0.03%
RJF	A	0.02%	0.14%	0.02%
RMD	C	0.05%	0.16%	0.05%
ROK	B	0.06%	0.08%	0.06%
ROL	B	0.08%	0.04%	0.04%
ROP	B	0.48%	0.16%	0.16%
RSG	A	0.46%	0.09%	0.09%
RTX	C	0.09%	0.74%	0.09%
RVTY	F	0.01%	0.07%	0.01%
SBAC	D	0.01%	0.07%	0.01%
SBUX	A	0.04%	0.22%	0.04%
SCHW	B	0.04%	0.56%	0.04%
SHW	A	0.14%	0.21%	0.14%
SJM	D	0.07%	0.06%	0.06%
SLB	C	0.03%	0.29%	0.03%
SNA	A	0.04%	0.05%	0.04%
SO	D	0.46%	0.44%	0.44%
SOLV	C	0.03%	0.04%	0.03%
SPG	B	0.02%	0.16%	0.02%
SPGI	C	0.04%	0.43%	0.04%
SRE	A	0.04%	0.27%	0.04%
STE	F	0.01%	0.05%	0.01%
STLD	B	0.02%	0.03%	0.02%
STT	A	0.03%	0.13%	0.03%
STX	D	0.01%	0.06%	0.01%
STZ	D	0.01%	0.18%	0.01%
SW	A	0.03%	0.12%	0.03%
SWK	D	0.01%	0.06%	0.01%
SWKS	F	0.03%	0.06%	0.03%
SYF	B	0.04%	0.12%	0.04%
SYK	C	0.03%	0.22%	0.03%
SYY	B	0.03%	0.17%	0.03%
T	A	0.39%	0.75%	0.39%
TAP	C	0.01%	0.05%	0.01%
TDY	B	0.06%	0.1%	0.06%
TECH	D	0.0%	0.05%	0.0%
TER	D	0.02%	0.08%	0.02%
TFC	A	0.09%	0.29%	0.09%
TFX	F	0.0%	0.04%	0.0%
TGT	F	0.15%	0.33%	0.15%
TJX	A	0.35%	0.22%	0.22%
TMO	F	0.06%	0.59%	0.06%
TMUS	B	0.76%	0.55%	0.55%
TRMB	B	0.01%	0.08%	0.01%
TROW	B	0.05%	0.13%	0.05%
TRV	B	0.3%	0.27%	0.27%
TSCO	D	0.06%	0.08%	0.06%
TSN	B	0.15%	0.09%	0.09%
TT	A	0.15%	0.13%	0.13%
TTWO	A	0.01%	0.07%	0.01%
TXN	C	0.48%	0.56%	0.48%
TXT	D	0.01%	0.08%	0.01%
UDR	B	0.0%	0.06%	0.0%
UHS	D	0.01%	0.06%	0.01%
ULTA	F	0.06%	0.03%	0.03%
UNH	C	1.35%	1.59%	1.35%
UNP	C	0.26%	0.37%	0.26%
UPS	C	0.07%	0.46%	0.07%
USB	A	0.09%	0.37%	0.09%
V	A	1.21%	0.82%	0.82%
VICI	C	0.02%	0.15%	0.02%
VLO	C	0.08%	0.21%	0.08%
VLTO	D	0.05%	0.12%	0.05%
VMC	B	0.01%	0.06%	0.01%
VRSK	A	0.01%	0.09%	0.01%
VRSN	F	0.14%	0.04%	0.04%
VRTX	F	0.43%	0.21%	0.21%
VTR	C	0.01%	0.12%	0.01%
VTRS	A	0.03%	0.07%	0.03%
VZ	C	0.58%	0.81%	0.58%
WAB	B	0.01%	0.16%	0.01%
WAT	B	0.04%	0.07%	0.04%
WBA	F	0.04%	0.03%	0.03%
WBD	C	0.07%	0.1%	0.07%
WDC	D	0.01%	0.1%	0.01%
WEC	A	0.2%	0.14%	0.14%
WELL	A	0.02%	0.36%	0.02%
WFC	A	0.28%	1.16%	0.28%
WM	A	0.52%	0.2%	0.2%
WMB	A	0.19%	0.19%	0.19%
WMT	A	0.76%	1.72%	0.76%
WRB	A	0.14%	0.08%	0.08%
WTW	B	0.07%	0.15%	0.07%
WY	D	0.02%	0.11%	0.02%
XEL	A	0.09%	0.18%	0.09%
XOM	B	0.47%	2.51%	0.47%
XYL	D	0.01%	0.14%	0.01%
YUM	B	0.15%	0.1%	0.1%
ZBH	C	0.01%	0.1%	0.01%
ZBRA	B	0.01%	0.1%	0.01%
ZTS	D	0.15%	0.17%	0.15%

QWLD Overweight 191 Positions Relative to SPYV

Symbol	Grade	Weight
AAPL	C	2.57%
NVDA	C	2.53%
MSFT	F	2.3%
META	D	2.11%
LLY	F	1.14%
GOOGL	C	1.07%
GOOG	C	0.94%
NVS	D	0.79%
NFLX	A	0.54%
ADBE	C	0.42%
AMZN	C	0.37%
AMAT	F	0.29%
INTU	C	0.27%
UL	D	0.27%
WCN	A	0.27%
ACGL	D	0.26%
HSBH	B	0.25%
GDDY	A	0.25%
ORCL	B	0.25%
MFG	B	0.24%
ANET	C	0.19%
LRCX	F	0.18%
PANW	C	0.18%
CHKP	D	0.17%
TSLA	B	0.16%
TM	D	0.15%
UTHR	C	0.15%
BAH	F	0.15%
CMG	B	0.14%
MUFG	B	0.14%
KLAC	D	0.14%
MKL	A	0.13%
CDNS	B	0.13%
SNPS	B	0.12%
TD	F	0.12%
E	F	0.12%
NBIX	C	0.11%
AVGO	D	0.11%
BCS	C	0.11%
FCNCA	A	0.11%
DEO	F	0.11%
CNI	D	0.1%
SMFG	B	0.1%
DHI	D	0.1%
FANG	D	0.09%
LYG	F	0.09%
ODFL	B	0.08%
CPRT	A	0.08%
SONY	B	0.08%
STLA	F	0.08%
HMC	F	0.07%
BMRN	D	0.07%
LULU	C	0.07%
TPL	A	0.06%
LNG	B	0.06%
CRM	B	0.06%
LOGI	D	0.06%
PHM	D	0.06%
NVR	D	0.06%
BLDR	D	0.05%
VEEV	C	0.05%
LPLA	A	0.05%
BTI	B	0.05%
DINO	D	0.05%
FICO	B	0.05%
MT	B	0.05%
DECK	A	0.05%
WST	C	0.04%
MANH	D	0.04%
MPWR	F	0.04%
WDAY	B	0.04%
TRGP	B	0.04%
EME	C	0.04%
GGG	B	0.03%
BKNG	A	0.03%
CSL	C	0.03%
WSO	A	0.03%
OC	A	0.03%
AMD	F	0.03%
WSM	B	0.03%
IT	C	0.03%
ALLY	C	0.02%
TTC	D	0.02%
ACI	C	0.02%
SQ	B	0.02%
APO	B	0.02%
RS	B	0.02%
SEIC	B	0.02%
NMR	B	0.02%
ROST	C	0.02%
OVV	B	0.02%
AER	B	0.02%
AFG	A	0.02%
URI	B	0.02%
DKS	C	0.02%
KKR	A	0.02%
APA	D	0.02%
DASH	A	0.01%
WTRG	B	0.01%
RPRX	D	0.01%
MBAVU	D	0.01%
RCL	A	0.01%
GLPI	C	0.01%
RPM	A	0.01%
TRU	D	0.01%
AVTR	F	0.01%
SUI	D	0.01%
BURL	A	0.01%
WPC	D	0.01%
CE	F	0.01%
TWLO	A	0.01%
HLT	A	0.01%
CG	A	0.01%
FTNT	C	0.01%
COIN	C	0.01%
CCEP	C	0.01%
ACM	A	0.01%
ZM	B	0.01%
CHRD	D	0.01%
CCK	C	0.01%
AGCO	D	0.01%
TDG	D	0.01%
SSNC	B	0.01%
FTV	C	0.01%
CPAY	A	0.01%
WFG	D	0.01%
SE	B	0.01%
KNX	B	0.01%
BSY	D	0.01%
MRVL	B	0.01%
EXPE	B	0.01%
EQH	B	0.01%
FNF	B	0.01%
MAR	B	0.01%
UBER	D	0.01%
CRBG	B	0.01%
VST	B	0.01%
HES	B	0.01%
MELI	D	0.01%
NOW	A	0.01%
SMCI	F	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%
WYNN	D	0.0%
OKTA	C	0.0%
CRWD	B	0.0%
MSTR	C	0.0%
TYL	B	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%
LYV	A	0.0%
QGEN	D	0.0%
VRT	B	0.0%
APP	B	0.0%
BBWI	D	0.0%
AXON	A	0.0%
BIO	D	0.0%
ILMN	D	0.0%
OTEX	D	0.0%
AMH	D	0.0%
PLTR	B	0.0%
UHAL	D	0.0%
ARES	A	0.0%
FBIN	D	0.0%

QWLD Underweight 15 Positions Relative to SPYV

Symbol	Grade	Weight
UAL	A	-0.14%
MTD	D	-0.08%
TPR	B	-0.06%
GL	B	-0.05%
PNW	B	-0.05%
BWA	D	-0.04%
IVZ	B	-0.04%
HAS	D	-0.04%
FRT	B	-0.04%
FMC	D	-0.03%
MHK	D	-0.03%
CZR	F	-0.02%
NWS	B	-0.02%
RL	B	-0.02%
GNRC	B	-0.02%