QWLD vs. USPX ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Franklin U.S. Equity Index ETF (USPX)

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

USPX

Franklin U.S. Equity Index ETF

USPX Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Equity Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries that have favorable exposure to multiple investment style factors.

Grade (RS Rating)

Last Trade

$52.38

Average Daily Volume

42,046

Number of Holdings ^*

543

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	USPX
30 Days	0.82%	3.77%
60 Days	0.23%	5.00%
90 Days	0.87%	6.73%
12 Months	22.65%	33.32%

529 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in USPX	Overlap
	A	D	0.06%	0.07%	0.06%
	AAPL	C	2.57%	6.32%	2.57%
	ABBV	D	0.34%	0.57%	0.34%
	ABBV	D	0.16%	0.57%	0.16%
	ABNB	C	0.01%	0.11%	0.01%
	ABT	B	0.09%	0.39%	0.09%
	ACGL	D	0.26%	0.08%	0.08%
	ACI	C	0.02%	0.02%	0.02%
	ACN	C	0.65%	0.44%	0.44%
	ADBE	C	0.42%	0.43%	0.42%
	ADI	D	0.04%	0.2%	0.04%
	ADM	D	0.05%	0.05%	0.05%
	ADP	B	0.26%	0.24%	0.24%
	ADSK	A	0.1%	0.13%	0.1%
	AEE	A	0.09%	0.05%	0.05%
	AEP	D	0.07%	0.1%	0.07%
	AES	F	0.01%	0.02%	0.01%
	AFG	A	0.02%	0.02%	0.02%
	AFL	B	0.12%	0.11%	0.11%
	AIG	B	0.07%	0.1%	0.07%
	AJG	B	0.19%	0.13%	0.13%
	AKAM	D	0.11%	0.03%	0.03%
	ALB	C	0.01%	0.02%	0.01%
	ALGN	D	0.0%	0.03%	0.0%
	ALL	A	0.08%	0.1%	0.08%
	ALLE	D	0.02%	0.02%	0.02%
	AMAT	F	0.29%	0.28%	0.28%
	AMCR	D	0.08%	0.03%	0.03%
	AMD	F	0.03%	0.43%	0.03%
	AME	A	0.01%	0.09%	0.01%
	AMGN	D	0.16%	0.3%	0.16%
	AMP	A	0.09%	0.11%	0.09%
	AMT	D	0.02%	0.18%	0.02%
	AMZN	C	0.37%	3.77%	0.37%
	ANET	C	0.19%	0.19%	0.19%
	ANSS	B	0.0%	0.05%	0.0%
	AON	A	0.17%	0.16%	0.16%
	APA	D	0.02%	0.02%	0.02%
	APD	A	0.03%	0.14%	0.03%
	APH	A	0.43%	0.16%	0.16%
	APO	B	0.02%	0.13%	0.02%
	APTV	D	0.01%	0.02%	0.01%
	ARE	D	0.01%	0.03%	0.01%
	ARES	A	0.0%	0.06%	0.0%
	ATO	A	0.01%	0.05%	0.01%
	AVB	B	0.01%	0.06%	0.01%
	AVGO	D	0.11%	1.48%	0.11%
	AVTR	F	0.01%	0.03%	0.01%
	AVY	D	0.03%	0.03%	0.03%
	AWK	D	0.01%	0.05%	0.01%
	AXON	A	0.0%	0.09%	0.0%
	AXP	A	0.06%	0.31%	0.06%
	AZO	C	0.28%	0.1%	0.1%
	BA	F	0.01%	0.2%	0.01%
	BAC	A	0.39%	0.62%	0.39%
	BAH	F	0.15%	0.03%	0.03%
	BALL	D	0.01%	0.04%	0.01%
	BAX	D	0.01%	0.03%	0.01%
	BBY	D	0.06%	0.03%	0.03%
	BDX	F	0.07%	0.13%	0.07%
	BEN	C	0.01%	0.01%	0.01%
	BG	F	0.03%	0.02%	0.02%
	BIIB	F	0.01%	0.04%	0.01%
	BK	A	0.05%	0.12%	0.05%
	BKNG	A	0.03%	0.33%	0.03%
	BKR	B	0.02%	0.09%	0.02%
	BLDR	D	0.05%	0.04%	0.04%
	BLK	C	0.25%	0.31%	0.25%
	BMRN	D	0.07%	0.02%	0.02%
	BMY	B	0.21%	0.23%	0.21%
	BR	A	0.04%	0.05%	0.04%
	BRK.A	B	0.73%	1.67%	0.73%
	BRO	B	0.14%	0.05%	0.05%
	BSX	B	0.02%	0.25%	0.02%
	BSY	D	0.01%	0.01%	0.01%
	BURL	A	0.01%	0.03%	0.01%
	BX	A	0.03%	0.25%	0.03%
	BXP	D	0.01%	0.02%	0.01%
	C	A	0.25%	0.25%	0.25%
	CAG	D	0.04%	0.02%	0.02%
	CAH	B	0.13%	0.06%	0.06%
	CARR	D	0.02%	0.12%	0.02%
	CAT	B	0.36%	0.37%	0.36%
	CB	C	0.4%	0.21%	0.21%
	CBRE	B	0.03%	0.08%	0.03%
	CCI	D	0.01%	0.09%	0.01%
	CCK	C	0.01%	0.02%	0.01%
	CCL	B	0.01%	0.05%	0.01%
	CDNS	B	0.13%	0.16%	0.13%
	CDW	F	0.07%	0.05%	0.05%
	CE	F	0.01%	0.01%	0.01%
	CEG	D	0.02%	0.14%	0.02%
	CF	B	0.13%	0.03%	0.03%
	CFG	B	0.04%	0.04%	0.04%
	CG	A	0.01%	0.02%	0.01%
	CHD	B	0.19%	0.05%	0.05%
	CHTR	C	0.05%	0.08%	0.05%
	CI	F	0.18%	0.18%	0.18%
	CINF	A	0.02%	0.05%	0.02%
	CL	D	0.2%	0.15%	0.15%
	CLX	B	0.01%	0.04%	0.01%
	CMCSA	B	0.17%	0.33%	0.17%
	CME	A	0.16%	0.16%	0.16%
	CMG	B	0.14%	0.16%	0.14%
	CMI	A	0.1%	0.1%	0.1%
	CMS	C	0.05%	0.04%	0.04%
	CNC	D	0.05%	0.06%	0.05%
	CNH	C	0.01%	0.02%	0.01%
	CNP	B	0.01%	0.04%	0.01%
	COF	B	0.1%	0.14%	0.1%
	COIN	C	0.01%	0.12%	0.01%
	COP	C	0.1%	0.26%	0.1%
	COR	B	0.41%	0.08%	0.08%
	COST	B	0.76%	0.79%	0.76%
	CPAY	A	0.01%	0.04%	0.01%
	CPB	D	0.09%	0.02%	0.02%
	CPRT	A	0.08%	0.1%	0.08%
	CPT	B	0.01%	0.02%	0.01%
	CRBG	B	0.01%	0.01%	0.01%
	CRL	C	0.0%	0.02%	0.0%
	CRM	B	0.06%	0.59%	0.06%
	CRWD	B	0.0%	0.16%	0.0%
	CSCO	B	1.03%	0.45%	0.45%
	CSGP	D	0.0%	0.06%	0.0%
	CSX	B	0.11%	0.13%	0.11%
	CTAS	B	0.14%	0.15%	0.14%
	CTRA	B	0.02%	0.04%	0.02%
	CTSH	B	0.2%	0.08%	0.08%
	CTVA	C	0.04%	0.08%	0.04%
	CVS	D	0.16%	0.13%	0.13%
	CVX	A	0.33%	0.53%	0.33%
	D	C	0.06%	0.09%	0.06%
	DAL	C	0.01%	0.08%	0.01%
	DASH	A	0.01%	0.11%	0.01%
	DAY	B	0.0%	0.02%	0.0%
	DD	D	0.02%	0.07%	0.02%
	DDOG	A	0.0%	0.07%	0.0%
	DE	A	0.06%	0.2%	0.06%
	DECK	A	0.05%	0.05%	0.05%
	DELL	C	0.01%	0.07%	0.01%
	DFS	B	0.04%	0.09%	0.04%
	DG	F	0.01%	0.03%	0.01%
	DGX	A	0.11%	0.04%	0.04%
	DHI	D	0.1%	0.09%	0.09%
	DHR	F	0.05%	0.29%	0.05%
	DIS	B	0.1%	0.41%	0.1%
	DLR	B	0.02%	0.11%	0.02%
	DLTR	F	0.01%	0.03%	0.01%
	DOC	D	0.01%	0.03%	0.01%
	DOCU	A	0.0%	0.03%	0.0%
	DOV	A	0.05%	0.05%	0.05%
	DOW	F	0.03%	0.06%	0.03%
	DPZ	C	0.06%	0.03%	0.03%
	DRI	B	0.03%	0.04%	0.03%
	DT	C	0.0%	0.03%	0.0%
	DTE	C	0.02%	0.05%	0.02%
	DUK	C	0.36%	0.17%	0.17%
	DVN	F	0.03%	0.05%	0.03%
	DXCM	D	0.0%	0.06%	0.0%
	EA	A	0.2%	0.08%	0.08%
	EBAY	D	0.01%	0.06%	0.01%
	ECL	D	0.01%	0.12%	0.01%
	ED	D	0.35%	0.06%	0.06%
	EFX	F	0.01%	0.06%	0.01%
	EG	C	0.06%	0.03%	0.03%
	EIX	B	0.03%	0.06%	0.03%
	EL	F	0.01%	0.03%	0.01%
	ELS	C	0.0%	0.02%	0.0%
	ELV	F	0.21%	0.18%	0.18%
	EMN	D	0.01%	0.02%	0.01%
	EMR	A	0.03%	0.14%	0.03%
	ENPH	F	0.01%	0.02%	0.01%
	ENTG	D	0.0%	0.03%	0.0%
	EOG	A	0.06%	0.15%	0.06%
	EPAM	C	0.02%	0.03%	0.02%
	EQH	B	0.01%	0.03%	0.01%
	EQIX	A	0.02%	0.17%	0.02%
	EQR	B	0.01%	0.05%	0.01%
	EQT	B	0.02%	0.05%	0.02%
	ES	D	0.01%	0.04%	0.01%
	ESS	B	0.01%	0.04%	0.01%
	ETN	A	0.03%	0.28%	0.03%
	ETR	B	0.03%	0.06%	0.03%
	EVRG	A	0.01%	0.03%	0.01%
	EW	C	0.07%	0.08%	0.07%
	EXAS	D	0.0%	0.02%	0.0%
	EXC	C	0.03%	0.08%	0.03%
	EXPD	D	0.04%	0.03%	0.03%
	EXPE	B	0.01%	0.04%	0.01%
	EXR	D	0.01%	0.07%	0.01%
	F	C	0.09%	0.08%	0.08%
	FANG	D	0.09%	0.06%	0.06%
	FAST	B	0.09%	0.09%	0.09%
	FCNCA	A	0.11%	0.06%	0.06%
	FCX	D	0.02%	0.12%	0.02%
	FDS	B	0.03%	0.04%	0.03%
	FDX	B	0.07%	0.13%	0.07%
	FE	C	0.01%	0.04%	0.01%
	FFIV	B	0.16%	0.03%	0.03%
	FI	A	0.09%	0.24%	0.09%
	FICO	B	0.05%	0.11%	0.05%
	FIS	C	0.02%	0.1%	0.02%
	FITB	A	0.03%	0.06%	0.03%
	FNF	B	0.01%	0.03%	0.01%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	B	0.01%	0.02%	0.01%
	FSLR	F	0.01%	0.04%	0.01%
	FTNT	C	0.01%	0.12%	0.01%
	FTV	C	0.01%	0.05%	0.01%
	GD	F	0.18%	0.13%	0.13%
	GDDY	A	0.25%	0.05%	0.05%
	GE	D	0.31%	0.38%	0.31%
	GEHC	F	0.02%	0.06%	0.02%
	GEN	B	0.12%	0.03%	0.03%
	GEV	B	0.02%	0.18%	0.02%
	GILD	C	0.24%	0.22%	0.22%
	GIS	D	0.33%	0.07%	0.07%
	GLW	B	0.02%	0.07%	0.02%
	GM	B	0.19%	0.12%	0.12%
	GOOG	C	0.94%	1.77%	0.94%
	GOOGL	C	1.07%	1.98%	1.07%
	GPC	D	0.05%	0.03%	0.03%
	GPN	B	0.02%	0.06%	0.02%
	GRMN	B	0.05%	0.06%	0.05%
	GS	A	0.17%	0.38%	0.17%
	GWW	B	0.11%	0.09%	0.09%
	HAL	C	0.02%	0.05%	0.02%
	HBAN	A	0.03%	0.05%	0.03%
	HCA	F	0.04%	0.12%	0.04%
	HD	A	0.15%	0.79%	0.15%
	HEI	B	0.0%	0.03%	0.0%
	HEI	B	0.0%	0.02%	0.0%
	HEI	B	0.0%	0.02%	0.0%
	HEI	B	0.0%	0.03%	0.0%
	HES	B	0.01%	0.08%	0.01%
	HIG	B	0.03%	0.07%	0.03%
	HII	D	0.01%	0.02%	0.01%
	HLT	A	0.01%	0.12%	0.01%
	HOLX	D	0.01%	0.04%	0.01%
	HON	B	0.26%	0.29%	0.26%
	HPE	B	0.04%	0.05%	0.04%
	HPQ	B	0.04%	0.07%	0.04%
	HRL	D	0.09%	0.02%	0.02%
	HST	C	0.01%	0.02%	0.01%
	HSY	F	0.16%	0.05%	0.05%
	HUBB	B	0.04%	0.05%	0.04%
	HUM	C	0.15%	0.06%	0.06%
	HWM	A	0.01%	0.09%	0.01%
	IBM	C	0.46%	0.37%	0.37%
	ICE	C	0.03%	0.18%	0.03%
	IDXX	F	0.07%	0.07%	0.07%
	IEX	B	0.03%	0.04%	0.03%
	IFF	D	0.01%	0.04%	0.01%
	ILMN	D	0.0%	0.04%	0.0%
	INCY	C	0.15%	0.03%	0.03%
	INTC	D	0.1%	0.2%	0.1%
	INTU	C	0.27%	0.37%	0.27%
	INVH	D	0.01%	0.04%	0.01%
	IP	B	0.02%	0.04%	0.02%
	IPG	D	0.02%	0.02%	0.02%
	IQV	D	0.01%	0.07%	0.01%
	IR	B	0.01%	0.08%	0.01%
	IRM	D	0.01%	0.07%	0.01%
	ISRG	A	0.25%	0.37%	0.25%
	IT	C	0.03%	0.08%	0.03%
	ITW	B	0.13%	0.16%	0.13%
	J	F	0.01%	0.03%	0.01%
	JBHT	C	0.03%	0.03%	0.03%
	JCI	C	0.03%	0.11%	0.03%
	JKHY	D	0.07%	0.03%	0.03%
	JNJ	D	1.1%	0.73%	0.73%
	JNPR	F	0.12%	0.02%	0.02%
	JPM	A	0.6%	1.36%	0.6%
	K	A	0.23%	0.04%	0.04%
	KDP	D	0.14%	0.07%	0.07%
	KEY	B	0.02%	0.04%	0.02%
	KEYS	A	0.17%	0.05%	0.05%
	KHC	F	0.2%	0.05%	0.05%
	KIM	A	0.01%	0.03%	0.01%
	KKR	A	0.02%	0.19%	0.02%
	KLAC	D	0.14%	0.17%	0.14%
	KMB	D	0.11%	0.09%	0.09%
	KMI	A	0.04%	0.11%	0.04%
	KMX	B	0.02%	0.02%	0.02%
	KO	D	0.56%	0.47%	0.47%
	KR	B	0.31%	0.08%	0.08%
	KVUE	A	0.08%	0.08%	0.08%
	L	A	0.17%	0.03%	0.03%
	LDOS	C	0.01%	0.04%	0.01%
	LEN	D	0.09%	0.08%	0.08%
	LH	C	0.02%	0.04%	0.02%
	LHX	C	0.02%	0.1%	0.02%
	LII	A	0.0%	0.05%	0.0%
	LIN	D	0.06%	0.42%	0.06%
	LKQ	D	0.01%	0.02%	0.01%
	LLY	F	1.14%	1.24%	1.14%
	LMT	D	0.42%	0.23%	0.23%
	LNG	B	0.06%	0.09%	0.06%
	LNT	A	0.03%	0.03%	0.03%
	LOW	D	0.07%	0.3%	0.07%
	LPLA	A	0.05%	0.05%	0.05%
	LRCX	F	0.18%	0.18%	0.18%
	LULU	C	0.07%	0.07%	0.07%
	LUV	C	0.0%	0.04%	0.0%
	LVS	C	0.0%	0.04%	0.0%
	LW	C	0.0%	0.02%	0.0%
	LYB	F	0.03%	0.04%	0.03%
	LYV	A	0.0%	0.04%	0.0%
	MA	C	0.71%	0.83%	0.71%
	MAA	B	0.01%	0.04%	0.01%
	MAR	B	0.01%	0.13%	0.01%
	MAS	D	0.01%	0.03%	0.01%
	MCD	D	0.42%	0.41%	0.41%
	MCHP	D	0.06%	0.07%	0.06%
	MCK	B	0.58%	0.17%	0.17%
	MCO	B	0.13%	0.15%	0.13%
	MDLZ	F	0.14%	0.17%	0.14%
	MDT	D	0.06%	0.22%	0.06%
	MELI	D	0.01%	0.18%	0.01%
	MET	A	0.05%	0.1%	0.05%
	META	D	2.11%	2.37%	2.11%
	MGM	D	0.01%	0.02%	0.01%
	MKC	D	0.01%	0.04%	0.01%
	MKL	A	0.13%	0.05%	0.05%
	MLM	B	0.01%	0.07%	0.01%
	MMC	B	0.51%	0.22%	0.22%
	MMM	D	0.14%	0.14%	0.14%
	MNST	C	0.07%	0.07%	0.07%
	MO	A	0.04%	0.19%	0.04%
	MOH	F	0.06%	0.03%	0.03%
	MOS	F	0.02%	0.02%	0.02%
	MPC	D	0.17%	0.1%	0.1%
	MPWR	F	0.04%	0.05%	0.04%
	MRK	F	0.42%	0.48%	0.42%
	MRNA	F	0.01%	0.02%	0.01%
	MRO	B	0.02%	0.03%	0.02%
	MRVL	B	0.01%	0.15%	0.01%
	MS	A	0.12%	0.33%	0.12%
	MSCI	C	0.0%	0.09%	0.0%
	MSFT	F	2.3%	6.06%	2.3%
	MSI	B	0.65%	0.15%	0.15%
	MTB	A	0.05%	0.07%	0.05%
	MU	D	0.04%	0.21%	0.04%
	NBIX	C	0.11%	0.02%	0.02%
	NDAQ	A	0.01%	0.06%	0.01%
	NEE	D	0.06%	0.31%	0.06%
	NEM	D	0.04%	0.09%	0.04%
	NET	B	0.0%	0.05%	0.0%
	NFLX	A	0.54%	0.71%	0.54%
	NI	A	0.01%	0.03%	0.01%
	NKE	D	0.17%	0.18%	0.17%
	NOC	D	0.32%	0.13%	0.13%
	NOW	A	0.01%	0.39%	0.01%
	NRG	B	0.02%	0.04%	0.02%
	NSC	B	0.03%	0.11%	0.03%
	NTAP	C	0.04%	0.05%	0.04%
	NTRS	A	0.02%	0.05%	0.02%
	NUE	C	0.04%	0.07%	0.04%
	NVDA	C	2.53%	6.61%	2.53%
	NVR	D	0.06%	0.05%	0.05%
	NWSA	B	0.01%	0.02%	0.01%
	NXPI	D	0.02%	0.11%	0.02%
	O	D	0.02%	0.1%	0.02%
	OC	A	0.03%	0.03%	0.03%
	ODFL	B	0.08%	0.08%	0.08%
	OKE	A	0.03%	0.12%	0.03%
	OKTA	C	0.0%	0.02%	0.0%
	OMC	C	0.04%	0.04%	0.04%
	ON	D	0.01%	0.06%	0.01%
	ORCL	B	0.25%	0.58%	0.25%
	ORLY	B	0.24%	0.14%	0.14%
	OTIS	C	0.01%	0.08%	0.01%
	OXY	D	0.03%	0.06%	0.03%
	PANW	C	0.18%	0.24%	0.18%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.1%	0.09%	0.09%
	PCAR	B	0.11%	0.11%	0.11%
	PCG	A	0.03%	0.09%	0.03%
	PEG	A	0.02%	0.09%	0.02%
	PEP	F	0.77%	0.43%	0.43%
	PFE	D	0.18%	0.28%	0.18%
	PFG	D	0.02%	0.04%	0.02%
	PG	A	0.95%	0.79%	0.79%
	PGR	A	0.35%	0.29%	0.29%
	PH	A	0.02%	0.17%	0.02%
	PHM	D	0.06%	0.06%	0.06%
	PINS	D	0.0%	0.03%	0.0%
	PKG	A	0.04%	0.04%	0.04%
	PLD	D	0.04%	0.21%	0.04%
	PLTR	B	0.0%	0.26%	0.0%
	PM	B	0.07%	0.39%	0.07%
	PNC	B	0.1%	0.16%	0.1%
	PNR	A	0.03%	0.03%	0.03%
	PODD	C	0.0%	0.04%	0.0%
	POOL	C	0.03%	0.03%	0.03%
	PPG	F	0.01%	0.06%	0.01%
	PPL	B	0.01%	0.05%	0.01%
	PRU	A	0.05%	0.09%	0.05%
	PSA	D	0.09%	0.1%	0.09%
	PSX	C	0.14%	0.11%	0.11%
	PTC	A	0.08%	0.04%	0.04%
	PWR	A	0.01%	0.09%	0.01%
	PYPL	B	0.04%	0.18%	0.04%
	QCOM	F	0.32%	0.35%	0.32%
	QRVO	F	0.0%	0.01%	0.0%
	RBLX	C	0.0%	0.05%	0.0%
	RCL	A	0.01%	0.11%	0.01%
	REG	B	0.01%	0.03%	0.01%
	REGN	F	0.31%	0.16%	0.16%
	RF	A	0.03%	0.05%	0.03%
	RJF	A	0.02%	0.06%	0.02%
	RMD	C	0.05%	0.06%	0.05%
	ROK	B	0.06%	0.07%	0.06%
	ROL	B	0.08%	0.03%	0.03%
	ROP	B	0.48%	0.11%	0.11%
	ROST	C	0.02%	0.09%	0.02%
	RPRX	D	0.01%	0.02%	0.01%
	RSG	A	0.46%	0.08%	0.08%
	RTX	C	0.09%	0.31%	0.09%
	RVTY	F	0.01%	0.03%	0.01%
	SBAC	D	0.01%	0.04%	0.01%
	SBUX	A	0.04%	0.22%	0.04%
	SCHW	B	0.04%	0.23%	0.04%
	SHW	A	0.14%	0.18%	0.14%
	SJM	D	0.07%	0.02%	0.02%
	SLB	C	0.03%	0.12%	0.03%
	SMCI	F	0.01%	0.02%	0.01%
	SNA	A	0.04%	0.04%	0.04%
	SNAP	C	0.0%	0.02%	0.0%
	SNOW	C	0.0%	0.08%	0.0%
	SNPS	B	0.12%	0.16%	0.12%
	SO	D	0.46%	0.19%	0.19%
	SPG	B	0.02%	0.11%	0.02%
	SPGI	C	0.04%	0.31%	0.04%
	SQ	B	0.02%	0.09%	0.02%
	SRE	A	0.04%	0.11%	0.04%
	SSNC	B	0.01%	0.03%	0.01%
	STE	F	0.01%	0.04%	0.01%
	STLD	B	0.02%	0.04%	0.02%
	STT	A	0.03%	0.06%	0.03%
	STX	D	0.01%	0.04%	0.01%
	STZ	D	0.01%	0.07%	0.01%
	SUI	D	0.01%	0.03%	0.01%
	SW	A	0.03%	0.05%	0.03%
	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	C	0.03%	0.27%	0.03%
	SYY	B	0.03%	0.07%	0.03%
	T	A	0.39%	0.32%	0.32%
	TAP	C	0.01%	0.02%	0.01%
	TDG	D	0.01%	0.14%	0.01%
	TDY	B	0.06%	0.04%	0.04%
	TECH	D	0.0%	0.02%	0.0%
	TER	D	0.02%	0.03%	0.02%
	TFC	A	0.09%	0.12%	0.09%
	TFX	F	0.0%	0.01%	0.0%
	TGT	F	0.15%	0.14%	0.14%
	TJX	A	0.35%	0.27%	0.27%
	TMO	F	0.06%	0.38%	0.06%
	TMUS	B	0.76%	0.23%	0.23%
	TPL	A	0.06%	0.05%	0.05%
	TRGP	B	0.04%	0.08%	0.04%
	TRMB	B	0.01%	0.03%	0.01%
	TROW	B	0.05%	0.05%	0.05%
	TRU	D	0.01%	0.03%	0.01%
	TRV	B	0.3%	0.11%	0.11%
	TSCO	D	0.06%	0.05%	0.05%
	TSLA	B	0.16%	1.75%	0.16%
	TSN	B	0.15%	0.04%	0.04%
	TT	A	0.15%	0.17%	0.15%
	TTD	B	0.0%	0.11%	0.0%
	TTWO	A	0.01%	0.06%	0.01%
	TWLO	A	0.01%	0.03%	0.01%
	TXN	C	0.48%	0.36%	0.36%
	TXT	D	0.01%	0.03%	0.01%
	TYL	B	0.0%	0.05%	0.0%
	UBER	D	0.01%	0.29%	0.01%
	UDR	B	0.0%	0.03%	0.0%
	UHS	D	0.01%	0.02%	0.01%
	ULTA	F	0.06%	0.03%	0.03%
	UNH	C	1.35%	1.07%	1.07%
	UNP	C	0.26%	0.28%	0.26%
	UPS	C	0.07%	0.19%	0.07%
	URI	B	0.02%	0.11%	0.02%
	USB	A	0.09%	0.15%	0.09%
	V	A	1.21%	1.01%	1.01%
	VEEV	C	0.05%	0.06%	0.05%
	VICI	C	0.02%	0.06%	0.02%
	VLO	C	0.08%	0.09%	0.08%
	VLTO	D	0.05%	0.05%	0.05%
	VMC	B	0.01%	0.08%	0.01%
	VRSK	A	0.01%	0.08%	0.01%
	VRSN	F	0.14%	0.03%	0.03%
	VRT	B	0.0%	0.08%	0.0%
	VRTX	F	0.43%	0.24%	0.24%
	VST	B	0.01%	0.09%	0.01%
	VTR	C	0.01%	0.05%	0.01%
	VTRS	A	0.03%	0.03%	0.03%
	VZ	C	0.58%	0.35%	0.35%
	WAB	B	0.01%	0.07%	0.01%
	WAT	B	0.04%	0.04%	0.04%
	WBA	F	0.04%	0.01%	0.01%
	WBD	C	0.07%	0.04%	0.04%
	WDAY	B	0.04%	0.11%	0.04%
	WDC	D	0.01%	0.04%	0.01%
	WEC	A	0.2%	0.06%	0.06%
	WELL	A	0.02%	0.16%	0.02%
	WFC	A	0.28%	0.5%	0.28%
	WLK	D	0.0%	0.01%	0.0%
	WM	A	0.52%	0.15%	0.15%
	WMB	A	0.19%	0.13%	0.13%
	WMT	A	0.76%	0.72%	0.72%
	WPC	D	0.01%	0.02%	0.01%
	WRB	A	0.14%	0.04%	0.04%
	WSO	A	0.03%	0.04%	0.03%
	WST	C	0.04%	0.05%	0.04%
	WTW	B	0.07%	0.06%	0.06%
	WY	D	0.02%	0.04%	0.02%
	WYNN	D	0.0%	0.02%	0.0%
	XEL	A	0.09%	0.08%	0.08%
	XOM	B	0.47%	1.04%	0.47%
	XYL	D	0.01%	0.06%	0.01%
	YUM	B	0.15%	0.07%	0.07%
	Z	A	0.0%	0.02%	0.0%
	ZBH	C	0.01%	0.04%	0.01%
	ZBRA	B	0.01%	0.05%	0.01%
	ZM	B	0.01%	0.04%	0.01%
	ZTS	D	0.15%	0.16%	0.15%

QWLD Overweight 83 Positions Relative to USPX

	Symbol	Grade	Weight
	NVS	D	0.79%
	UL	D	0.27%
	WCN	A	0.27%
	HSBH	B	0.25%
	CBOE	B	0.24%
	MFG	B	0.24%
	CHKP	D	0.17%
	TM	D	0.15%
	UTHR	C	0.15%
	MUFG	B	0.14%
	ERIE	D	0.12%
	TD	F	0.12%
	E	F	0.12%
	BCS	C	0.11%
	DEO	F	0.11%
	CNI	D	0.1%
	SMFG	B	0.1%
	LYG	F	0.09%
	AIZ	A	0.08%
	SONY	B	0.08%
	STLA	F	0.08%
	HMC	F	0.07%
	LOGI	D	0.06%
	BTI	B	0.05%
	DINO	D	0.05%
	MT	B	0.05%
	MANH	D	0.04%
	EME	C	0.04%
	GGG	B	0.03%
	SOLV	C	0.03%
	CSL	C	0.03%
	WSM	B	0.03%
	ALLY	C	0.02%
	TTC	D	0.02%
	MKTX	D	0.02%
	AOS	F	0.02%
	RS	B	0.02%
	SEIC	B	0.02%
	JBL	B	0.02%
	NMR	B	0.02%
	OVV	B	0.02%
	AER	B	0.02%
	NDSN	B	0.02%
	DKS	C	0.02%
	WTRG	B	0.01%
	CTLT	B	0.01%
	MBAVU	D	0.01%
	GLPI	C	0.01%
	DVA	B	0.01%
	RPM	A	0.01%
	HSIC	B	0.01%
	CCEP	C	0.01%
	ACM	A	0.01%
	CHRD	D	0.01%
	AGCO	D	0.01%
	WFG	D	0.01%
	SE	B	0.01%
	KNX	B	0.01%
	CHRW	C	0.01%
	PARA	C	0.01%
	GLBE	B	0.0%
	IOT	A	0.0%
	XRX	F	0.0%
	DKNG	B	0.0%
	TOST	B	0.0%
	H	B	0.0%
	PSTG	D	0.0%
	FUTU	D	0.0%
	GRAB	B	0.0%
	ROKU	D	0.0%
	MSTR	C	0.0%
	HOOD	B	0.0%
	TW	A	0.0%
	RIVN	F	0.0%
	MTCH	D	0.0%
	QGEN	D	0.0%
	APP	B	0.0%
	BBWI	D	0.0%
	BIO	D	0.0%
	OTEX	D	0.0%
	AMH	D	0.0%
	UHAL	D	0.0%
	FBIN	D	0.0%

QWLD Underweight 17 Positions Relative to USPX

	Symbol	Grade	Weight
	TEAM	A	-0.07%
	ALNY	D	-0.06%
	CPNG	D	-0.06%
	UAL	A	-0.06%
	HUBS	A	-0.06%
	MTD	D	-0.05%
	ZS	C	-0.04%
	MDB	C	-0.04%
	RGA	A	-0.03%
	EWBC	A	-0.03%
	FLEX	A	-0.03%
	SCCO	F	-0.02%
	AGR	B	-0.01%
	NWS	B	-0.01%
	ZG	A	-0.01%
	U	C	-0.01%
	SIRI	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

USPX: Top Represented Industries & Keywords

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

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