QWLD vs. VONV ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Vanguard Russell 1000 Value ETF (VONV)

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

VONV

Vanguard Russell 1000 Value ETF

VONV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000Â® Value Index. The index is designed to measure the performance of large-capitalization value stocks in the United States. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$86.79

Average Daily Volume

372,062

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	VONV
30 Days	0.82%	3.51%
60 Days	0.23%	4.96%
90 Days	0.87%	7.00%
12 Months	22.65%	29.73%

486 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in VONV	Overlap
A	D	0.06%	0.15%	0.06%
ABBV	D	0.34%	0.82%	0.34%
ABBV	D	0.16%	0.82%	0.16%
ABT	B	0.09%	0.78%	0.09%
ACGL	D	0.26%	0.14%	0.14%
ACI	C	0.02%	0.03%	0.02%
ACM	A	0.01%	0.06%	0.01%
ACN	C	0.65%	0.87%	0.65%
ADI	D	0.04%	0.44%	0.04%
ADM	D	0.05%	0.11%	0.05%
ADP	B	0.26%	0.03%	0.03%
AEE	A	0.09%	0.09%	0.09%
AEP	D	0.07%	0.21%	0.07%
AES	F	0.01%	0.05%	0.01%
AFG	A	0.02%	0.04%	0.02%
AFL	B	0.12%	0.23%	0.12%
AGCO	D	0.01%	0.02%	0.01%
AIG	B	0.07%	0.2%	0.07%
AIZ	A	0.08%	0.04%	0.04%
AJG	B	0.19%	0.23%	0.19%
AKAM	D	0.11%	0.06%	0.06%
ALB	C	0.01%	0.04%	0.01%
ALGN	D	0.0%	0.03%	0.0%
ALL	A	0.08%	0.17%	0.08%
ALLE	D	0.02%	0.05%	0.02%
ALLY	C	0.02%	0.03%	0.02%
AMAT	F	0.29%	0.05%	0.05%
AMCR	D	0.08%	0.06%	0.06%
AMD	F	0.03%	0.32%	0.03%
AME	A	0.01%	0.17%	0.01%
AMGN	D	0.16%	0.15%	0.15%
AMH	D	0.0%	0.05%	0.0%
AMP	A	0.09%	0.02%	0.02%
ANSS	B	0.0%	0.11%	0.0%
AON	A	0.17%	0.29%	0.17%
AOS	F	0.02%	0.04%	0.02%
APA	D	0.02%	0.03%	0.02%
APD	A	0.03%	0.28%	0.03%
APH	A	0.43%	0.13%	0.13%
APO	B	0.02%	0.08%	0.02%
APTV	D	0.01%	0.06%	0.01%
ARE	D	0.01%	0.08%	0.01%
ATO	A	0.01%	0.08%	0.01%
AVB	B	0.01%	0.13%	0.01%
AVTR	F	0.01%	0.06%	0.01%
AVY	D	0.03%	0.04%	0.03%
AWK	D	0.01%	0.11%	0.01%
AXP	A	0.06%	0.38%	0.06%
AZO	C	0.28%	0.02%	0.02%
BA	F	0.01%	0.34%	0.01%
BAC	A	0.39%	1.14%	0.39%
BALL	D	0.01%	0.07%	0.01%
BAX	D	0.01%	0.07%	0.01%
BBWI	D	0.0%	0.03%	0.0%
BBY	D	0.06%	0.08%	0.06%
BDX	F	0.07%	0.27%	0.07%
BEN	C	0.01%	0.02%	0.01%
BG	F	0.03%	0.05%	0.03%
BIIB	F	0.01%	0.1%	0.01%
BIO	D	0.0%	0.03%	0.0%
BK	A	0.05%	0.22%	0.05%
BKNG	A	0.03%	0.04%	0.03%
BKR	B	0.02%	0.15%	0.02%
BLDR	D	0.05%	0.07%	0.05%
BLK	C	0.25%	0.58%	0.25%
BMRN	D	0.07%	0.05%	0.05%
BMY	B	0.21%	0.45%	0.21%
BR	A	0.04%	0.01%	0.01%
BRK.A	B	0.73%	3.3%	0.73%
BRO	B	0.14%	0.06%	0.06%
BSX	B	0.02%	0.49%	0.02%
BXP	D	0.01%	0.05%	0.01%
C	A	0.25%	0.49%	0.25%
CAG	D	0.04%	0.06%	0.04%
CAH	B	0.13%	0.04%	0.04%
CARR	D	0.02%	0.2%	0.02%
CAT	B	0.36%	0.63%	0.36%
CB	C	0.4%	0.46%	0.4%
CBOE	B	0.24%	0.09%	0.09%
CBRE	B	0.03%	0.16%	0.03%
CCI	D	0.01%	0.19%	0.01%
CCK	C	0.01%	0.04%	0.01%
CCL	B	0.01%	0.09%	0.01%
CDW	F	0.07%	0.05%	0.05%
CE	F	0.01%	0.04%	0.01%
CEG	D	0.02%	0.28%	0.02%
CF	B	0.13%	0.06%	0.06%
CFG	B	0.04%	0.08%	0.04%
CG	A	0.01%	0.04%	0.01%
CHD	B	0.19%	0.1%	0.1%
CHRD	D	0.01%	0.03%	0.01%
CHRW	C	0.01%	0.05%	0.01%
CHTR	C	0.05%	0.12%	0.05%
CI	F	0.18%	0.32%	0.18%
CINF	A	0.02%	0.09%	0.02%
CL	D	0.2%	0.14%	0.14%
CMCSA	B	0.17%	0.67%	0.17%
CME	A	0.16%	0.32%	0.16%
CMI	A	0.1%	0.18%	0.1%
CMS	C	0.05%	0.08%	0.05%
CNC	D	0.05%	0.13%	0.05%
CNH	C	0.01%	0.04%	0.01%
CNP	B	0.01%	0.07%	0.01%
COF	B	0.1%	0.25%	0.1%
COIN	C	0.01%	0.02%	0.01%
COP	C	0.1%	0.51%	0.1%
CPB	D	0.09%	0.04%	0.04%
CPRT	A	0.08%	0.01%	0.01%
CPT	B	0.01%	0.05%	0.01%
CRBG	B	0.01%	0.03%	0.01%
CRL	C	0.0%	0.04%	0.0%
CRM	B	0.06%	0.17%	0.06%
CSCO	B	1.03%	0.89%	0.89%
CSGP	D	0.0%	0.12%	0.0%
CSL	C	0.03%	0.07%	0.03%
CSX	B	0.11%	0.26%	0.11%
CTAS	B	0.14%	0.01%	0.01%
CTLT	B	0.01%	0.04%	0.01%
CTRA	B	0.02%	0.07%	0.02%
CTSH	B	0.2%	0.15%	0.15%
CTVA	C	0.04%	0.17%	0.04%
CVS	D	0.16%	0.29%	0.16%
CVX	A	0.33%	1.03%	0.33%
D	C	0.06%	0.2%	0.06%
DAL	C	0.01%	0.15%	0.01%
DASH	A	0.01%	0.03%	0.01%
DAY	B	0.0%	0.04%	0.0%
DD	D	0.02%	0.14%	0.02%
DE	A	0.06%	0.41%	0.06%
DELL	C	0.01%	0.11%	0.01%
DFS	B	0.04%	0.15%	0.04%
DG	F	0.01%	0.07%	0.01%
DGX	A	0.11%	0.07%	0.07%
DHI	D	0.1%	0.2%	0.1%
DHR	F	0.05%	0.63%	0.05%
DINO	D	0.05%	0.02%	0.02%
DIS	B	0.1%	0.71%	0.1%
DKS	C	0.02%	0.04%	0.02%
DLR	B	0.02%	0.23%	0.02%
DLTR	F	0.01%	0.05%	0.01%
DOC	D	0.01%	0.06%	0.01%
DOV	A	0.05%	0.1%	0.05%
DOW	F	0.03%	0.14%	0.03%
DPZ	C	0.06%	0.04%	0.04%
DRI	B	0.03%	0.04%	0.03%
DTE	C	0.02%	0.1%	0.02%
DUK	C	0.36%	0.36%	0.36%
DVN	F	0.03%	0.1%	0.03%
EA	A	0.2%	0.16%	0.16%
EBAY	D	0.01%	0.12%	0.01%
ECL	D	0.01%	0.03%	0.01%
ED	D	0.35%	0.14%	0.14%
EFX	F	0.01%	0.1%	0.01%
EG	C	0.06%	0.05%	0.05%
EIX	B	0.03%	0.13%	0.03%
EL	F	0.01%	0.04%	0.01%
ELS	C	0.0%	0.05%	0.0%
ELV	F	0.21%	0.32%	0.21%
EME	C	0.04%	0.05%	0.04%
EMN	D	0.01%	0.05%	0.01%
EMR	A	0.03%	0.25%	0.03%
EOG	A	0.06%	0.28%	0.06%
EPAM	C	0.02%	0.04%	0.02%
EQIX	A	0.02%	0.33%	0.02%
EQR	B	0.01%	0.11%	0.01%
EQT	B	0.02%	0.08%	0.02%
ES	D	0.01%	0.09%	0.01%
ESS	B	0.01%	0.07%	0.01%
ETN	A	0.03%	0.53%	0.03%
ETR	B	0.03%	0.13%	0.03%
EVRG	A	0.01%	0.05%	0.01%
EW	C	0.07%	0.13%	0.07%
EXAS	D	0.0%	0.03%	0.0%
EXC	C	0.03%	0.16%	0.03%
EXPD	D	0.04%	0.06%	0.04%
EXR	D	0.01%	0.14%	0.01%
F	C	0.09%	0.16%	0.09%
FANG	D	0.09%	0.13%	0.09%
FAST	B	0.09%	0.03%	0.03%
FBIN	D	0.0%	0.04%	0.0%
FCNCA	A	0.11%	0.09%	0.09%
FCX	D	0.02%	0.26%	0.02%
FDS	B	0.03%	0.04%	0.03%
FDX	B	0.07%	0.25%	0.07%
FE	C	0.01%	0.1%	0.01%
FFIV	B	0.16%	0.05%	0.05%
FI	A	0.09%	0.31%	0.09%
FICO	B	0.05%	0.03%	0.03%
FIS	C	0.02%	0.2%	0.02%
FITB	A	0.03%	0.12%	0.03%
FNF	B	0.01%	0.06%	0.01%
FOX	A	0.01%	0.02%	0.01%
FOXA	B	0.01%	0.04%	0.01%
FSLR	F	0.01%	0.08%	0.01%
FTNT	C	0.01%	0.04%	0.01%
FTV	C	0.01%	0.1%	0.01%
GD	F	0.18%	0.32%	0.18%
GE	D	0.31%	0.59%	0.31%
GEHC	F	0.02%	0.14%	0.02%
GEN	B	0.12%	0.06%	0.06%
GEV	B	0.02%	0.33%	0.02%
GGG	B	0.03%	0.05%	0.03%
GILD	C	0.24%	0.44%	0.24%
GIS	D	0.33%	0.15%	0.15%
GLPI	C	0.01%	0.05%	0.01%
GLW	B	0.02%	0.15%	0.02%
GM	B	0.19%	0.23%	0.19%
GPC	D	0.05%	0.06%	0.05%
GPN	B	0.02%	0.11%	0.02%
GRMN	B	0.05%	0.12%	0.05%
GS	A	0.17%	0.48%	0.17%
GWW	B	0.11%	0.02%	0.02%
H	B	0.0%	0.02%	0.0%
HAL	C	0.02%	0.1%	0.02%
HBAN	A	0.03%	0.09%	0.03%
HCA	F	0.04%	0.2%	0.04%
HD	A	0.15%	0.32%	0.15%
HES	B	0.01%	0.05%	0.01%
HIG	B	0.03%	0.13%	0.03%
HII	D	0.01%	0.03%	0.01%
HLT	A	0.01%	0.11%	0.01%
HOLX	D	0.01%	0.07%	0.01%
HON	B	0.26%	0.45%	0.26%
HOOD	B	0.0%	0.06%	0.0%
HPE	B	0.04%	0.1%	0.04%
HPQ	B	0.04%	0.11%	0.04%
HRL	D	0.09%	0.04%	0.04%
HSIC	B	0.01%	0.04%	0.01%
HST	C	0.01%	0.05%	0.01%
HSY	F	0.16%	0.09%	0.09%
HUBB	B	0.04%	0.09%	0.04%
HUM	C	0.15%	0.12%	0.12%
HWM	A	0.01%	0.15%	0.01%
IBM	C	0.46%	0.76%	0.46%
ICE	C	0.03%	0.35%	0.03%
IEX	B	0.03%	0.07%	0.03%
IFF	D	0.01%	0.1%	0.01%
ILMN	D	0.0%	0.09%	0.0%
INCY	C	0.15%	0.04%	0.04%
INTC	D	0.1%	0.37%	0.1%
INVH	D	0.01%	0.08%	0.01%
IP	B	0.02%	0.08%	0.02%
IPG	D	0.02%	0.04%	0.02%
IQV	D	0.01%	0.13%	0.01%
IR	B	0.01%	0.15%	0.01%
IRM	D	0.01%	0.06%	0.01%
ITW	B	0.13%	0.19%	0.13%
J	F	0.01%	0.07%	0.01%
JBHT	C	0.03%	0.06%	0.03%
JBL	B	0.02%	0.05%	0.02%
JCI	C	0.03%	0.17%	0.03%
JKHY	D	0.07%	0.05%	0.05%
JNJ	D	1.1%	1.54%	1.1%
JNPR	F	0.12%	0.05%	0.05%
JPM	A	0.6%	2.55%	0.6%
K	A	0.23%	0.08%	0.08%
KDP	D	0.14%	0.15%	0.14%
KEY	B	0.02%	0.06%	0.02%
KEYS	A	0.17%	0.1%	0.1%
KHC	F	0.2%	0.12%	0.12%
KIM	A	0.01%	0.06%	0.01%
KKR	A	0.02%	0.27%	0.02%
KMB	D	0.11%	0.11%	0.11%
KMI	A	0.04%	0.19%	0.04%
KMX	B	0.02%	0.04%	0.02%
KNX	B	0.01%	0.03%	0.01%
KO	D	0.56%	0.43%	0.43%
KR	B	0.31%	0.15%	0.15%
KVUE	A	0.08%	0.18%	0.08%
L	A	0.17%	0.06%	0.06%
LDOS	C	0.01%	0.1%	0.01%
LEN	D	0.09%	0.01%	0.01%
LEN	D	0.09%	0.16%	0.09%
LH	C	0.02%	0.08%	0.02%
LHX	C	0.02%	0.19%	0.02%
LIN	D	0.06%	0.88%	0.06%
LKQ	D	0.01%	0.04%	0.01%
LMT	D	0.42%	0.32%	0.32%
LNG	B	0.06%	0.09%	0.06%
LNT	A	0.03%	0.06%	0.03%
LOW	D	0.07%	0.6%	0.07%
LUV	C	0.0%	0.07%	0.0%
LW	C	0.0%	0.03%	0.0%
LYB	F	0.03%	0.09%	0.03%
MAA	B	0.01%	0.07%	0.01%
MAR	B	0.01%	0.24%	0.01%
MAS	D	0.01%	0.07%	0.01%
MCD	D	0.42%	0.79%	0.42%
MCHP	D	0.06%	0.16%	0.06%
MCK	B	0.58%	0.15%	0.15%
MDLZ	F	0.14%	0.37%	0.14%
MDT	D	0.06%	0.46%	0.06%
MET	A	0.05%	0.18%	0.05%
MGM	D	0.01%	0.03%	0.01%
MKC	D	0.01%	0.08%	0.01%
MKL	A	0.13%	0.06%	0.06%
MKTX	D	0.02%	0.04%	0.02%
MLM	B	0.01%	0.14%	0.01%
MMC	B	0.51%	0.37%	0.37%
MMM	D	0.14%	0.23%	0.14%
MNST	C	0.07%	0.03%	0.03%
MO	A	0.04%	0.37%	0.04%
MOH	F	0.06%	0.03%	0.03%
MOS	F	0.02%	0.03%	0.02%
MPC	D	0.17%	0.21%	0.17%
MRNA	F	0.01%	0.07%	0.01%
MRO	B	0.02%	0.06%	0.02%
MRVL	B	0.01%	0.25%	0.01%
MS	A	0.12%	0.51%	0.12%
MSCI	C	0.0%	0.07%	0.0%
MSI	B	0.65%	0.16%	0.16%
MSTR	C	0.0%	0.14%	0.0%
MTB	A	0.05%	0.13%	0.05%
MTCH	D	0.0%	0.04%	0.0%
MU	D	0.04%	0.44%	0.04%
NDAQ	A	0.01%	0.12%	0.01%
NDSN	B	0.02%	0.06%	0.02%
NEE	D	0.06%	0.65%	0.06%
NEM	D	0.04%	0.21%	0.04%
NI	A	0.01%	0.06%	0.01%
NKE	D	0.17%	0.14%	0.14%
NOC	D	0.32%	0.28%	0.28%
NRG	B	0.02%	0.04%	0.02%
NSC	B	0.03%	0.23%	0.03%
NTAP	C	0.04%	0.05%	0.04%
NTRS	A	0.02%	0.08%	0.02%
NUE	C	0.04%	0.14%	0.04%
NVR	D	0.06%	0.1%	0.06%
NWSA	B	0.01%	0.04%	0.01%
O	D	0.02%	0.21%	0.02%
OC	A	0.03%	0.06%	0.03%
OKE	A	0.03%	0.23%	0.03%
OKTA	C	0.0%	0.03%	0.0%
OMC	C	0.04%	0.08%	0.04%
ON	D	0.01%	0.12%	0.01%
ORLY	B	0.24%	0.02%	0.02%
OTIS	C	0.01%	0.16%	0.01%
OVV	B	0.02%	0.04%	0.02%
OXY	D	0.03%	0.13%	0.03%
PARA	C	0.01%	0.03%	0.01%
PAYC	B	0.02%	0.02%	0.02%
PAYX	C	0.1%	0.11%	0.1%
PCAR	B	0.11%	0.21%	0.11%
PCG	A	0.03%	0.17%	0.03%
PEG	A	0.02%	0.18%	0.02%
PEP	F	0.77%	0.19%	0.19%
PFE	D	0.18%	0.64%	0.18%
PFG	D	0.02%	0.08%	0.02%
PG	A	0.95%	1.21%	0.95%
PGR	A	0.35%	0.09%	0.09%
PH	A	0.02%	0.32%	0.02%
PHM	D	0.06%	0.11%	0.06%
PKG	A	0.04%	0.08%	0.04%
PLD	D	0.04%	0.42%	0.04%
PM	B	0.07%	0.83%	0.07%
PNC	B	0.1%	0.3%	0.1%
PNR	A	0.03%	0.07%	0.03%
PPG	F	0.01%	0.12%	0.01%
PPL	B	0.01%	0.1%	0.01%
PRU	A	0.05%	0.18%	0.05%
PSA	D	0.09%	0.18%	0.09%
PSTG	D	0.0%	0.01%	0.0%
PSX	C	0.14%	0.2%	0.14%
PTC	A	0.08%	0.03%	0.03%
PWR	A	0.01%	0.12%	0.01%
PYPL	B	0.04%	0.32%	0.04%
QCOM	F	0.32%	0.05%	0.05%
QGEN	D	0.0%	0.04%	0.0%
QRVO	F	0.0%	0.03%	0.0%
RCL	A	0.01%	0.13%	0.01%
REG	B	0.01%	0.05%	0.01%
REGN	F	0.31%	0.32%	0.31%
RF	A	0.03%	0.09%	0.03%
RIVN	F	0.0%	0.03%	0.0%
RJF	A	0.02%	0.11%	0.02%
RMD	C	0.05%	0.1%	0.05%
ROK	B	0.06%	0.11%	0.06%
ROKU	D	0.0%	0.03%	0.0%
ROP	B	0.48%	0.23%	0.23%
ROST	C	0.02%	0.14%	0.02%
RPM	A	0.01%	0.05%	0.01%
RPRX	D	0.01%	0.04%	0.01%
RS	B	0.02%	0.07%	0.02%
RSG	A	0.46%	0.16%	0.16%
RTX	C	0.09%	0.64%	0.09%
RVTY	F	0.01%	0.06%	0.01%
SBAC	D	0.01%	0.1%	0.01%
SBUX	A	0.04%	0.1%	0.04%
SCHW	B	0.04%	0.38%	0.04%
SEIC	B	0.02%	0.03%	0.02%
SHW	A	0.14%	0.03%	0.03%
SJM	D	0.07%	0.05%	0.05%
SLB	C	0.03%	0.23%	0.03%
SNA	A	0.04%	0.07%	0.04%
SO	D	0.46%	0.4%	0.4%
SOLV	C	0.03%	0.04%	0.03%
SPG	B	0.02%	0.16%	0.02%
SPGI	C	0.04%	0.6%	0.04%
SQ	B	0.02%	0.09%	0.02%
SRE	A	0.04%	0.21%	0.04%
SSNC	B	0.01%	0.06%	0.01%
STE	F	0.01%	0.09%	0.01%
STLD	B	0.02%	0.08%	0.02%
STT	A	0.03%	0.11%	0.03%
STZ	D	0.01%	0.15%	0.01%
SUI	D	0.01%	0.07%	0.01%
SW	A	0.03%	0.11%	0.03%
SWK	D	0.01%	0.06%	0.01%
SWKS	F	0.03%	0.06%	0.03%
SYF	B	0.04%	0.09%	0.04%
SYK	C	0.03%	0.36%	0.03%
SYY	B	0.03%	0.06%	0.03%
T	A	0.39%	0.65%	0.39%
TAP	C	0.01%	0.04%	0.01%
TDG	D	0.01%	0.23%	0.01%
TDY	B	0.06%	0.08%	0.06%
TECH	D	0.0%	0.05%	0.0%
TER	D	0.02%	0.01%	0.01%
TFC	A	0.09%	0.23%	0.09%
TFX	F	0.0%	0.04%	0.0%
TGT	F	0.15%	0.28%	0.15%
TJX	A	0.35%	0.21%	0.21%
TMO	F	0.06%	0.84%	0.06%
TMUS	B	0.76%	0.43%	0.43%
TRMB	B	0.01%	0.06%	0.01%
TROW	B	0.05%	0.1%	0.05%
TRU	D	0.01%	0.07%	0.01%
TRV	B	0.3%	0.22%	0.22%
TSN	B	0.15%	0.07%	0.07%
TT	A	0.15%	0.22%	0.15%
TTC	D	0.02%	0.03%	0.02%
TTWO	A	0.01%	0.11%	0.01%
TW	A	0.0%	0.04%	0.0%
TWLO	A	0.01%	0.04%	0.01%
TXN	C	0.48%	0.65%	0.48%
TXT	D	0.01%	0.06%	0.01%
TYL	B	0.0%	0.02%	0.0%
UDR	B	0.0%	0.06%	0.0%
UHAL	D	0.0%	0.02%	0.0%
UHAL	D	0.0%	0.0%	0.0%
UHS	D	0.01%	0.05%	0.01%
ULTA	F	0.06%	0.01%	0.01%
UNH	C	1.35%	1.94%	1.35%
UNP	C	0.26%	0.3%	0.26%
UPS	C	0.07%	0.39%	0.07%
URI	B	0.02%	0.16%	0.02%
USB	A	0.09%	0.3%	0.09%
UTHR	C	0.15%	0.07%	0.07%
VICI	C	0.02%	0.13%	0.02%
VLO	C	0.08%	0.17%	0.08%
VLTO	D	0.05%	0.06%	0.05%
VMC	B	0.01%	0.11%	0.01%
VRSN	F	0.14%	0.06%	0.06%
VRTX	F	0.43%	0.25%	0.25%
VTR	C	0.01%	0.11%	0.01%
VTRS	A	0.03%	0.06%	0.03%
VZ	C	0.58%	0.71%	0.58%
WAB	B	0.01%	0.13%	0.01%
WAT	B	0.04%	0.03%	0.03%
WBA	F	0.04%	0.03%	0.03%
WBD	C	0.07%	0.08%	0.07%
WDC	D	0.01%	0.09%	0.01%
WEC	A	0.2%	0.12%	0.12%
WELL	A	0.02%	0.33%	0.02%
WFC	A	0.28%	0.91%	0.28%
WLK	D	0.0%	0.02%	0.0%
WMB	A	0.19%	0.25%	0.19%
WMT	A	0.76%	1.42%	0.76%
WPC	D	0.01%	0.05%	0.01%
WRB	A	0.14%	0.07%	0.07%
WSM	B	0.03%	0.03%	0.03%
WSO	A	0.03%	0.07%	0.03%
WST	C	0.04%	0.04%	0.04%
WTRG	B	0.01%	0.04%	0.01%
WTW	B	0.07%	0.12%	0.07%
WY	D	0.02%	0.09%	0.02%
WYNN	D	0.0%	0.04%	0.0%
XEL	A	0.09%	0.15%	0.09%
XOM	B	0.47%	2.1%	0.47%
XYL	D	0.01%	0.12%	0.01%
YUM	B	0.15%	0.09%	0.09%
Z	A	0.0%	0.03%	0.0%
ZBH	C	0.01%	0.09%	0.01%
ZBRA	B	0.01%	0.06%	0.01%
ZM	B	0.01%	0.08%	0.01%
ZTS	D	0.15%	0.06%	0.06%

QWLD Overweight 126 Positions Relative to VONV

Symbol	Grade	Weight
AAPL	C	2.57%
NVDA	C	2.53%
MSFT	F	2.3%
META	D	2.11%
V	A	1.21%
LLY	F	1.14%
GOOGL	C	1.07%
GOOG	C	0.94%
NVS	D	0.79%
COST	B	0.76%
MA	C	0.71%
NFLX	A	0.54%
WM	A	0.52%
ADBE	C	0.42%
MRK	F	0.42%
COR	B	0.41%
AMZN	C	0.37%
INTU	C	0.27%
UL	D	0.27%
WCN	A	0.27%
HSBH	B	0.25%
GDDY	A	0.25%
ORCL	B	0.25%
ISRG	A	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%
BAH	F	0.15%
CMG	B	0.14%
MUFG	B	0.14%
KLAC	D	0.14%
MCO	B	0.13%
CDNS	B	0.13%
ERIE	D	0.12%
SNPS	B	0.12%
TD	F	0.12%
E	F	0.12%
NBIX	C	0.11%
AVGO	D	0.11%
BCS	C	0.11%
DEO	F	0.11%
ADSK	A	0.1%
CNI	D	0.1%
SMFG	B	0.1%
LYG	F	0.09%
ODFL	B	0.08%
ROL	B	0.08%
SONY	B	0.08%
STLA	F	0.08%
HMC	F	0.07%
LULU	C	0.07%
IDXX	F	0.07%
TSCO	D	0.06%
TPL	A	0.06%
LOGI	D	0.06%
VEEV	C	0.05%
LPLA	A	0.05%
BTI	B	0.05%
MT	B	0.05%
DECK	A	0.05%
MANH	D	0.04%
MPWR	F	0.04%
WDAY	B	0.04%
TRGP	B	0.04%
BX	A	0.03%
POOL	C	0.03%
IT	C	0.03%
NXPI	D	0.02%
NMR	B	0.02%
AER	B	0.02%
AMT	D	0.02%
VRSK	A	0.01%
MBAVU	D	0.01%
DVA	B	0.01%
CLX	B	0.01%
BURL	A	0.01%
STX	D	0.01%
CCEP	C	0.01%
CPAY	A	0.01%
WFG	D	0.01%
ABNB	C	0.01%
SE	B	0.01%
BSY	D	0.01%
EXPE	B	0.01%
EQH	B	0.01%
UBER	D	0.01%
VST	B	0.01%
MELI	D	0.01%
NOW	A	0.01%
SMCI	F	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	C	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%
PODD	C	0.0%
GRAB	B	0.0%
DXCM	D	0.0%
CRWD	B	0.0%
LII	A	0.0%
TTD	B	0.0%
ENTG	D	0.0%
HEI	B	0.0%
LYV	A	0.0%
VRT	B	0.0%
APP	B	0.0%
AXON	A	0.0%
LVS	C	0.0%
OTEX	D	0.0%
PLTR	B	0.0%
ARES	A	0.0%

QWLD Underweight 357 Positions Relative to VONV

Symbol	Grade	Weight
MTD	D	-0.11%
UAL	A	-0.1%
CVNA	B	-0.07%
RGA	A	-0.06%
USFD	A	-0.06%
THC	D	-0.06%
TOL	B	-0.06%
RBA	A	-0.06%
IBKR	A	-0.06%
FTI	A	-0.05%
ITT	A	-0.05%
SCI	B	-0.05%
CLH	B	-0.05%
UNM	A	-0.05%
CASY	A	-0.05%
CACI	D	-0.05%
COHR	B	-0.05%
NVT	B	-0.05%
CW	B	-0.05%
RNR	C	-0.05%
EWBC	A	-0.05%
DTM	B	-0.04%
FYBR	D	-0.04%
DCI	B	-0.04%
BWXT	B	-0.04%
WBS	A	-0.04%
JLL	D	-0.04%
WAL	B	-0.04%
NYT	C	-0.04%
LAD	A	-0.04%
FRT	B	-0.04%
CIEN	B	-0.04%
REXR	F	-0.04%
AYI	B	-0.04%
ALSN	B	-0.04%
GL	B	-0.04%
FHN	A	-0.04%
EVR	B	-0.04%
PRI	A	-0.04%
RGLD	C	-0.04%
SOFI	A	-0.04%
EHC	B	-0.04%
WWD	B	-0.04%
ARMK	B	-0.04%
PNW	B	-0.04%
AA	B	-0.04%
DOX	D	-0.04%
AFRM	B	-0.04%
TTEK	F	-0.04%
BLD	D	-0.04%
SF	B	-0.04%
OHI	C	-0.04%
PFGC	B	-0.04%
CUBE	D	-0.04%
NTNX	A	-0.04%
TPR	B	-0.04%
RRX	B	-0.04%
ATR	B	-0.04%
BJ	A	-0.04%
LSTR	D	-0.03%
MKSI	C	-0.03%
ARW	D	-0.03%
MTSI	B	-0.03%
IVZ	B	-0.03%
WEX	D	-0.03%
XP	F	-0.03%
FAF	A	-0.03%
RGEN	D	-0.03%
MTG	C	-0.03%
ATI	D	-0.03%
SIRI	C	-0.03%
WMS	D	-0.03%
BFAM	D	-0.03%
CGNX	C	-0.03%
PB	A	-0.03%
OSK	B	-0.03%
KEX	C	-0.03%
HRB	D	-0.03%
G	B	-0.03%
STAG	F	-0.03%
JAZZ	B	-0.03%
COKE	C	-0.03%
RHI	B	-0.03%
FCN	D	-0.03%
MAT	D	-0.03%
AGNC	D	-0.03%
FND	C	-0.03%
MIDD	C	-0.03%
SSD	D	-0.03%
FR	C	-0.03%
FLS	B	-0.03%
ESAB	B	-0.03%
GNTX	C	-0.03%
PR	B	-0.03%
MHK	D	-0.03%
GXO	B	-0.03%
LBRDK	C	-0.03%
RRC	B	-0.03%
SNV	B	-0.03%
CHE	D	-0.03%
ONTO	D	-0.03%
VFC	C	-0.03%
VNO	B	-0.03%
COLD	D	-0.03%
ADC	B	-0.03%
SKX	D	-0.03%
SAIC	F	-0.03%
CBSH	A	-0.03%
CFR	B	-0.03%
ZION	B	-0.03%
AR	B	-0.03%
WTFC	A	-0.03%
BWA	D	-0.03%
LECO	B	-0.03%
CR	A	-0.03%
MTZ	B	-0.03%
APG	B	-0.03%
NNN	D	-0.03%
RL	B	-0.03%
RBC	A	-0.03%
TKO	B	-0.03%
OGE	B	-0.03%
PNFP	B	-0.03%
JEF	A	-0.03%
BERY	B	-0.03%
BRX	A	-0.03%
FMC	D	-0.03%
VOYA	B	-0.03%
AAL	B	-0.03%
KBR	F	-0.03%
HLI	B	-0.03%
GMED	A	-0.03%
EGP	F	-0.03%
GWRE	A	-0.03%
GME	C	-0.03%
AXTA	A	-0.03%
WCC	B	-0.03%
GPK	C	-0.03%
CMA	A	-0.03%
BRBR	A	-0.03%
LAMR	D	-0.03%
CZR	F	-0.03%
ORI	A	-0.03%
X	C	-0.03%
SNX	C	-0.03%
INGR	B	-0.03%
ALNY	D	-0.02%
KMPR	B	-0.02%
MSGS	A	-0.02%
RH	B	-0.02%
HOG	D	-0.02%
ACHC	F	-0.02%
AN	C	-0.02%
SITE	D	-0.02%
GTES	A	-0.02%
W	F	-0.02%
AWI	A	-0.02%
CLF	F	-0.02%
FLO	D	-0.02%
OLED	D	-0.02%
GAP	C	-0.02%
M	D	-0.02%
FRPT	B	-0.02%
ASH	D	-0.02%
EEFT	B	-0.02%
SLGN	A	-0.02%
LITE	B	-0.02%
DLB	B	-0.02%
TPG	A	-0.02%
DBX	B	-0.02%
AGO	B	-0.02%
WSC	D	-0.02%
WTM	A	-0.02%
BILL	A	-0.02%
RYN	D	-0.02%
OZK	B	-0.02%
XRAY	F	-0.02%
AL	B	-0.02%
CUZ	B	-0.02%
KRC	C	-0.02%
DOCS	C	-0.02%
SLM	A	-0.02%
BYD	C	-0.02%
HXL	D	-0.02%
OLN	D	-0.02%
AVT	C	-0.02%
OGN	D	-0.02%
SN	D	-0.02%
ROIV	C	-0.02%
PSN	D	-0.02%
GNRC	B	-0.02%
SEE	C	-0.02%
UGI	A	-0.02%
ZG	A	-0.02%
SON	D	-0.02%
ST	F	-0.02%
FNB	A	-0.02%
KD	B	-0.02%
IDA	A	-0.02%
CROX	D	-0.02%
THO	B	-0.02%
THG	A	-0.02%
JHG	A	-0.02%
TKR	D	-0.02%
POST	C	-0.02%
SAIA	B	-0.02%
BC	C	-0.02%
LEA	D	-0.02%
PVH	C	-0.02%
WHR	B	-0.02%
NFG	A	-0.02%
OMF	A	-0.02%
OLLI	D	-0.02%
MTDR	B	-0.02%
BPOP	B	-0.02%
SRCL	C	-0.02%
VNT	B	-0.02%
MDU	D	-0.02%
CRUS	D	-0.02%
LNC	B	-0.02%
S	B	-0.02%
COLB	A	-0.02%
LFUS	F	-0.02%
ALK	C	-0.02%
ESI	A	-0.02%
AXS	A	-0.02%
RLI	B	-0.02%
AMG	B	-0.02%
NOV	C	-0.02%
MSA	D	-0.02%
STWD	C	-0.02%
WH	B	-0.02%
DAR	C	-0.02%
VMI	B	-0.02%
ELAN	D	-0.02%
R	B	-0.02%
UA	C	-0.01%
SNDR	B	-0.01%
FTRE	D	-0.01%
GO	C	-0.01%
LYFT	C	-0.01%
REYN	D	-0.01%
EXEL	B	-0.01%
LEG	F	-0.01%
TRIP	F	-0.01%
WOLF	F	-0.01%
WEN	D	-0.01%
INFA	D	-0.01%
VSTS	C	-0.01%
BIRK	D	-0.01%
PPC	C	-0.01%
QS	F	-0.01%
UAA	C	-0.01%
AZEK	A	-0.01%
LPX	B	-0.01%
CRI	D	-0.01%
PINC	B	-0.01%
CNXC	F	-0.01%
KSS	F	-0.01%
SAM	C	-0.01%
ETSY	D	-0.01%
YETI	C	-0.01%
AAP	C	-0.01%
AZTA	D	-0.01%
BROS	B	-0.01%
LCID	F	-0.01%
GLOB	B	-0.01%
IPGP	D	-0.01%
RKT	F	-0.01%
RCM	F	-0.01%
BRKR	D	-0.01%
ENOV	C	-0.01%
CPRI	F	-0.01%
JWN	C	-0.01%
ADTN	A	-0.01%
EXP	A	-0.01%
HAYW	B	-0.01%
BOKF	B	-0.01%
MP	B	-0.01%
SHC	F	-0.01%
HHH	B	-0.01%
SPB	C	-0.01%
CWEN	C	-0.01%
CC	C	-0.01%
VIRT	B	-0.01%
AGR	B	-0.01%
ALGM	D	-0.01%
CXT	B	-0.01%
VAC	B	-0.01%
CLVT	F	-0.01%
COLM	B	-0.01%
LOPE	B	-0.01%
MPW	F	-0.01%
PAG	B	-0.01%
COTY	F	-0.01%
AMKR	D	-0.01%
PK	B	-0.01%
NSA	D	-0.01%
CNM	D	-0.01%
BHF	B	-0.01%
MAN	D	-0.01%
MASI	A	-0.01%
PENN	C	-0.01%
WU	D	-0.01%
AM	A	-0.01%
AMED	F	-0.01%
IRDM	D	-0.01%
PLNT	A	-0.01%
FHB	A	-0.01%
TNL	A	-0.01%
SPR	D	-0.01%
U	C	-0.01%
NXST	C	-0.01%
NWS	B	-0.01%
EPR	D	-0.01%
ZI	D	-0.01%
PRGO	B	-0.01%
HIW	D	-0.01%
CIVI	D	-0.01%
DXC	B	-0.01%
IAC	D	-0.01%
NEU	C	-0.01%
PII	D	-0.01%
GFS	C	-0.01%
MSM	C	-0.01%
NVST	B	-0.01%
DNB	B	-0.01%
HUN	F	-0.01%
NWL	B	-0.01%
SMG	D	-0.01%
UWMC	D	-0.0%
SEG	B	-0.0%
NFE	D	-0.0%
IONS	F	-0.0%
TXG	F	-0.0%
PLTK	B	-0.0%
CHH	A	-0.0%
CACC	D	-0.0%
UI	A	-0.0%
TFSL	A	-0.0%
LBRDA	C	-0.0%
SEB	F	-0.0%
PATH	C	-0.0%
CWEN	C	-0.0%
DJT	C	-0.0%
CAR	C	-0.0%
LSCC	D	-0.0%
PYCR	C	-0.0%
MTN	C	-0.0%
HCP	B	-0.0%
FIVE	F	-0.0%
CNA	B	-0.0%
DV	C	-0.0%
DDS	B	-0.0%
HAS	D	-0.0%
NCNO	B	-0.0%
CERT	F	-0.0%