SHUS vs. EFIV ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to SPDR S&P 500 ESG ETF (EFIV)

SHUS

Syntax Stratified U.S. Total Market Hedged ETF

SHUS Description

The investment seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 1500® Index over a full market cycle by investing in ETFs or underlying securities that provide Stratified WeightTM U.S. total equity market exposure to companies in the 1500 while seeking risk-managed growth via a defined risk hedging process. The fund will also invest in index options for risk management purposes and to seek to generate additional returns. Syntax?s Stratified Weight? is designed to correct for business risk concentrations that regularly occur in cap-weighted indices and equal-weighted indices.

Grade (RS Rating)

Last Trade

$44.29

Average Daily Volume

2,444

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

EFIV

SPDR S&P 500 ESG ETF

EFIV Description

• Seeks to provide investment results that, before fees and expenses, correspond generally to the S&P 500 ESG Index • EFIV is designed to track an index that is designed to select S&P 500 firms meeting certain sustainability criteria (criteria related to environmental, social and governance factors) while maintaining similar overall industry group weights as the S&P 500 Index • EFIV may serve as a potential ESG core exposure, based on its focus on sustainability criteria and comprehensive market coverage of the flagship core S&P 500 Index

Grade (RS Rating)

Last Trade

$57.77

Average Daily Volume

109,257

Number of Holdings ^*

313

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	EFIV
30 Days	2.26%	2.81%
60 Days	3.81%	4.79%
90 Days	5.24%	5.59%
12 Months	15.89%	30.64%

312 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in EFIV	Overlap
A	D	0.15%	0.11%	0.11%
AAPL	C	0.49%	9.53%	0.49%
ABBV	D	0.24%	0.84%	0.24%
ABT	B	0.06%	0.56%	0.06%
ACGL	D	0.14%	0.11%	0.11%
ACN	C	0.13%	0.65%	0.13%
ADBE	C	0.15%	0.66%	0.15%
ADM	D	0.36%	0.07%	0.07%
ADP	B	0.21%	0.35%	0.21%
ADSK	A	0.16%	0.19%	0.16%
AFL	B	0.2%	0.16%	0.16%
AIG	B	0.19%	0.14%	0.14%
AIZ	A	0.2%	0.03%	0.03%
AJG	B	0.03%	0.18%	0.03%
AKAM	D	0.26%	0.04%	0.04%
ALB	C	0.05%	0.04%	0.04%
ALL	A	0.19%	0.15%	0.15%
ALLE	D	0.07%	0.03%	0.03%
AMAT	F	0.17%	0.42%	0.17%
AMCR	D	0.12%	0.04%	0.04%
AMD	F	0.14%	0.63%	0.14%
AME	A	0.12%	0.13%	0.12%
AMGN	D	0.23%	0.45%	0.23%
AMP	A	0.09%	0.15%	0.09%
AMT	D	0.06%	0.25%	0.06%
AON	A	0.04%	0.23%	0.04%
APD	A	0.05%	0.19%	0.05%
APTV	D	0.39%	0.04%	0.04%
ARE	D	0.1%	0.05%	0.05%
AVB	B	0.1%	0.09%	0.09%
AVY	D	0.06%	0.05%	0.05%
AWK	D	0.32%	0.07%	0.07%
AXON	A	0.09%	0.12%	0.09%
AXP	A	0.05%	0.45%	0.05%
BAC	A	0.12%	0.86%	0.12%
BALL	D	0.12%	0.05%	0.05%
BAX	D	0.05%	0.05%	0.05%
BBY	D	0.17%	0.05%	0.05%
BDX	F	0.05%	0.19%	0.05%
BEN	C	0.08%	0.02%	0.02%
BIIB	F	0.24%	0.07%	0.07%
BK	A	0.11%	0.16%	0.11%
BKR	B	0.35%	0.12%	0.12%
BLK	C	0.09%	0.4%	0.09%
BMY	B	0.25%	0.33%	0.25%
BR	A	0.11%	0.07%	0.07%
BSX	B	0.06%	0.36%	0.06%
BWA	D	0.41%	0.02%	0.02%
BXP	D	0.11%	0.03%	0.03%
C	A	0.13%	0.37%	0.13%
CAG	D	0.21%	0.04%	0.04%
CAH	B	0.19%	0.09%	0.09%
CARR	D	0.08%	0.18%	0.08%
CAT	B	0.14%	0.52%	0.14%
CB	C	0.14%	0.3%	0.14%
CBOE	B	0.04%	0.06%	0.04%
CBRE	B	0.04%	0.11%	0.04%
CCL	B	0.09%	0.07%	0.07%
CF	B	0.09%	0.04%	0.04%
CFG	B	0.05%	0.06%	0.05%
CHRW	C	0.09%	0.04%	0.04%
CI	F	0.18%	0.26%	0.18%
CL	D	0.4%	0.21%	0.21%
CMCSA	B	0.51%	0.47%	0.47%
CME	A	0.04%	0.23%	0.04%
CMG	B	0.49%	0.23%	0.23%
CMI	A	0.08%	0.14%	0.08%
CNC	D	0.25%	0.09%	0.09%
COF	B	0.69%	0.2%	0.2%
COR	B	0.18%	0.12%	0.12%
COST	B	0.7%	1.15%	0.7%
CPAY	A	0.04%	0.07%	0.04%
CPB	D	0.2%	0.02%	0.02%
CRL	C	0.14%	0.03%	0.03%
CRM	B	0.35%	0.92%	0.35%
CSCO	B	0.21%	0.66%	0.21%
CSGP	D	0.04%	0.09%	0.04%
CSX	B	0.08%	0.2%	0.08%
CTAS	B	0.17%	0.21%	0.17%
CTVA	C	0.08%	0.11%	0.08%
CVS	D	0.68%	0.19%	0.19%
CVX	A	0.75%	0.75%	0.75%
CZR	F	0.07%	0.02%	0.02%
DAL	C	0.27%	0.12%	0.12%
DAY	B	0.22%	0.03%	0.03%
DE	A	0.13%	0.28%	0.13%
DECK	A	0.29%	0.08%	0.08%
DFS	B	0.68%	0.12%	0.12%
DGX	A	0.16%	0.05%	0.05%
DHI	D	0.23%	0.13%	0.13%
DHR	F	0.1%	0.43%	0.1%
DIS	B	0.2%	0.52%	0.2%
DLR	B	0.26%	0.15%	0.15%
DOC	D	0.11%	0.04%	0.04%
DOV	A	0.17%	0.08%	0.08%
DOW	F	0.07%	0.09%	0.07%
DVA	B	0.11%	0.02%	0.02%
DVN	F	0.16%	0.07%	0.07%
EA	A	0.48%	0.11%	0.11%
EBAY	D	0.22%	0.08%	0.08%
ECL	D	0.05%	0.18%	0.05%
ED	D	0.24%	0.09%	0.09%
EG	C	0.14%	0.04%	0.04%
EIX	B	0.24%	0.09%	0.09%
EL	F	0.49%	0.04%	0.04%
ELV	F	0.24%	0.27%	0.24%
EMR	A	0.03%	0.21%	0.03%
EQIX	A	0.26%	0.24%	0.24%
EQR	B	0.1%	0.07%	0.07%
EQT	B	0.18%	0.07%	0.07%
ES	D	0.07%	0.06%	0.06%
ETN	A	0.26%	0.41%	0.26%
ETR	B	0.25%	0.09%	0.09%
EW	C	0.06%	0.11%	0.06%
EXC	C	0.29%	0.11%	0.11%
EXPE	B	0.12%	0.06%	0.06%
EXR	D	0.11%	0.1%	0.1%
FANG	D	0.07%	0.09%	0.07%
FCX	D	0.29%	0.17%	0.17%
FDS	B	0.04%	0.05%	0.04%
FI	A	0.06%	0.34%	0.06%
FIS	C	0.05%	0.14%	0.05%
FITB	A	0.05%	0.09%	0.05%
FMC	D	0.08%	0.02%	0.02%
FRT	B	0.06%	0.02%	0.02%
FTV	C	0.03%	0.07%	0.03%
GE	D	0.17%	0.55%	0.17%
GILD	C	0.24%	0.32%	0.24%
GIS	D	0.21%	0.1%	0.1%
GL	B	0.19%	0.03%	0.03%
GM	B	0.24%	0.18%	0.18%
GOOG	C	0.22%	2.42%	0.22%
GOOGL	C	0.22%	2.92%	0.22%
GPC	D	0.15%	0.05%	0.05%
GPN	B	0.04%	0.08%	0.04%
GS	A	0.25%	0.52%	0.25%
GWW	B	0.13%	0.15%	0.13%
HAL	C	0.33%	0.07%	0.07%
HAS	D	0.25%	0.02%	0.02%
HBAN	A	0.05%	0.07%	0.05%
HD	A	0.25%	1.13%	0.25%
HES	B	0.07%	0.11%	0.07%
HIG	B	0.14%	0.1%	0.1%
HLT	A	0.12%	0.17%	0.12%
HOLX	D	0.1%	0.05%	0.05%
HPE	B	0.19%	0.08%	0.08%
HPQ	B	0.34%	0.1%	0.1%
HRL	D	0.36%	0.02%	0.02%
HST	C	0.11%	0.03%	0.03%
HSY	F	0.17%	0.08%	0.08%
HUBB	B	0.26%	0.07%	0.07%
HUM	C	0.26%	0.1%	0.1%
ICE	C	0.04%	0.25%	0.04%
IDXX	F	0.09%	0.1%	0.09%
IEX	B	0.2%	0.05%	0.05%
IFF	D	0.05%	0.06%	0.05%
INCY	C	0.25%	0.04%	0.04%
INTC	D	0.16%	0.3%	0.16%
IPG	D	0.33%	0.03%	0.03%
IR	B	0.2%	0.12%	0.12%
IRM	D	0.06%	0.09%	0.06%
ITW	B	0.17%	0.21%	0.17%
IVZ	B	0.09%	0.02%	0.02%
JBHT	C	0.08%	0.04%	0.04%
JCI	C	0.08%	0.16%	0.08%
JKHY	D	0.05%	0.04%	0.04%
JPM	A	0.12%	1.91%	0.12%
K	A	0.18%	0.06%	0.06%
KDP	D	0.24%	0.11%	0.11%
KEY	B	0.06%	0.05%	0.05%
KHC	F	0.21%	0.08%	0.08%
KIM	A	0.06%	0.05%	0.05%
KLAC	D	0.17%	0.24%	0.17%
KMI	A	0.25%	0.14%	0.14%
KMX	B	0.14%	0.03%	0.03%
KO	D	0.24%	0.68%	0.24%
KR	B	0.73%	0.11%	0.11%
LIN	D	0.04%	0.61%	0.04%
LKQ	D	0.14%	0.03%	0.03%
LLY	F	0.23%	1.79%	0.23%
LOW	D	0.25%	0.43%	0.25%
LULU	C	0.3%	0.1%	0.1%
LVS	C	0.08%	0.05%	0.05%
LW	C	0.22%	0.03%	0.03%
LYB	F	0.07%	0.06%	0.06%
MA	C	0.05%	1.2%	0.05%
MAR	B	0.12%	0.19%	0.12%
MAS	D	0.19%	0.05%	0.05%
MCD	D	0.49%	0.59%	0.49%
MCO	B	0.04%	0.21%	0.04%
MDLZ	F	0.18%	0.25%	0.18%
MDT	D	0.06%	0.31%	0.06%
MET	A	0.21%	0.13%	0.13%
MGM	D	0.07%	0.02%	0.02%
MHK	D	0.18%	0.02%	0.02%
MKC	D	0.21%	0.05%	0.05%
MKTX	D	0.04%	0.03%	0.03%
MMC	B	0.03%	0.31%	0.03%
MOS	F	0.08%	0.02%	0.02%
MPC	D	0.48%	0.15%	0.15%
MRK	F	0.24%	0.7%	0.24%
MRNA	F	0.23%	0.04%	0.04%
MS	A	0.26%	0.46%	0.26%
MSCI	C	0.04%	0.14%	0.04%
MSFT	F	0.32%	8.8%	0.32%
MTB	A	0.06%	0.1%	0.06%
MTD	D	0.14%	0.07%	0.07%
MU	D	0.15%	0.31%	0.15%
NCLH	B	0.09%	0.03%	0.03%
NDAQ	A	0.04%	0.09%	0.04%
NEE	D	0.24%	0.42%	0.24%
NEM	D	0.24%	0.13%	0.13%
NKE	D	0.33%	0.26%	0.26%
NSC	B	0.08%	0.17%	0.08%
NTRS	A	0.08%	0.06%	0.06%
NVDA	C	0.13%	10.02%	0.13%
NWS	B	0.1%	0.01%	0.01%
NWSA	B	0.1%	0.03%	0.03%
OKE	A	0.24%	0.18%	0.18%
OMC	C	0.33%	0.06%	0.06%
ON	D	0.22%	0.08%	0.08%
OTIS	C	0.08%	0.11%	0.08%
OXY	D	0.07%	0.1%	0.07%
PARA	C	0.2%	0.02%	0.02%
PAYX	C	0.21%	0.13%	0.13%
PCAR	B	0.12%	0.17%	0.12%
PEG	A	0.25%	0.12%	0.12%
PEP	F	0.17%	0.63%	0.17%
PFG	D	0.2%	0.05%	0.05%
PG	A	0.41%	1.09%	0.41%
PH	A	0.08%	0.25%	0.08%
PHM	D	0.25%	0.07%	0.07%
PLD	D	0.06%	0.3%	0.06%
PNC	B	0.06%	0.23%	0.06%
PNR	A	0.19%	0.05%	0.05%
POOL	C	0.13%	0.04%	0.04%
PPG	F	0.07%	0.08%	0.07%
PRU	A	0.2%	0.12%	0.12%
PSA	D	0.1%	0.15%	0.1%
PSX	C	0.5%	0.15%	0.15%
PWR	A	0.4%	0.13%	0.13%
PYPL	B	0.06%	0.25%	0.06%
QCOM	F	0.22%	0.5%	0.22%
RCL	A	0.08%	0.15%	0.08%
REG	B	0.06%	0.03%	0.03%
REGN	F	0.23%	0.24%	0.23%
RF	A	0.06%	0.07%	0.06%
RJF	A	0.25%	0.08%	0.08%
RL	B	0.32%	0.02%	0.02%
RMD	C	0.09%	0.1%	0.09%
ROK	B	0.03%	0.09%	0.03%
ROST	C	0.71%	0.13%	0.13%
RSG	A	0.18%	0.12%	0.12%
RVTY	F	0.1%	0.04%	0.04%
SBAC	D	0.06%	0.06%	0.06%
SBUX	A	0.48%	0.32%	0.32%
SCHW	B	0.25%	0.33%	0.25%
SHW	A	0.06%	0.25%	0.06%
SJM	D	0.21%	0.03%	0.03%
SLB	C	0.34%	0.17%	0.17%
SPGI	C	0.04%	0.45%	0.04%
SRE	A	0.07%	0.16%	0.07%
STT	A	0.11%	0.08%	0.08%
SW	A	0.07%	0.07%	0.07%
SWK	D	0.26%	0.04%	0.04%
SYF	B	0.68%	0.07%	0.07%
SYK	C	0.12%	0.37%	0.12%
SYY	B	0.73%	0.11%	0.11%
T	A	0.33%	0.45%	0.33%
TAP	C	0.25%	0.03%	0.03%
TFC	A	0.05%	0.17%	0.05%
TFX	F	0.05%	0.03%	0.03%
TGT	F	0.17%	0.2%	0.17%
TJX	A	0.71%	0.38%	0.38%
TMUS	B	0.33%	0.33%	0.33%
TPR	B	0.32%	0.03%	0.03%
TRGP	B	0.24%	0.12%	0.12%
TROW	B	0.08%	0.07%	0.07%
TRV	B	0.14%	0.16%	0.14%
TSCO	D	0.12%	0.08%	0.08%
TSLA	B	0.27%	2.55%	0.27%
TSN	B	0.35%	0.05%	0.05%
TT	A	0.08%	0.26%	0.08%
TTWO	A	0.48%	0.08%	0.08%
UBER	D	0.11%	0.42%	0.11%
UDR	B	0.1%	0.04%	0.04%
ULTA	F	0.17%	0.05%	0.05%
UNH	C	0.25%	1.56%	0.25%
UNP	C	0.08%	0.41%	0.08%
UPS	C	0.08%	0.27%	0.08%
URI	B	0.14%	0.16%	0.14%
USB	A	0.05%	0.22%	0.05%
V	A	0.04%	1.44%	0.04%
VLO	C	0.49%	0.12%	0.12%
VRSK	A	0.04%	0.11%	0.04%
VTR	C	0.11%	0.07%	0.07%
WAB	B	0.13%	0.1%	0.1%
WAT	B	0.15%	0.06%	0.06%
WBA	F	0.63%	0.02%	0.02%
WDC	D	0.17%	0.06%	0.06%
WELL	A	0.11%	0.22%	0.11%
WM	A	0.18%	0.23%	0.18%
WMB	A	0.24%	0.19%	0.19%
WMT	A	0.72%	1.03%	0.72%
WTW	B	0.04%	0.09%	0.04%
WY	D	0.17%	0.06%	0.06%
WYNN	D	0.08%	0.02%	0.02%
XOM	B	0.75%	1.5%	0.75%
XYL	D	0.19%	0.08%	0.08%
YUM	B	0.5%	0.11%	0.11%
ZBH	C	0.12%	0.06%	0.06%
ZTS	D	0.25%	0.22%	0.22%

SHUS Overweight 188 Positions Relative to EFIV

Symbol	Grade	Weight
DPZ	C	0.52%
DRI	B	0.5%
L	A	0.49%
MSI	B	0.49%
BRK.A	B	0.49%
MTCH	D	0.46%
CHTR	C	0.46%
META	D	0.46%
CLX	B	0.41%
KVUE	A	0.41%
KMB	D	0.41%
CHD	B	0.41%
VST	B	0.4%
J	F	0.39%
CEG	D	0.38%
JBL	B	0.37%
BG	F	0.36%
PM	B	0.35%
MO	A	0.35%
ORCL	B	0.34%
SNPS	B	0.34%
HCA	F	0.33%
CDNS	B	0.33%
IBM	C	0.33%
UHS	D	0.32%
ATO	A	0.32%
NI	A	0.32%
GRMN	B	0.32%
VZ	C	0.32%
NRG	B	0.32%
AES	F	0.31%
NVR	D	0.3%
UAL	A	0.28%
VRSN	F	0.27%
STLD	B	0.27%
GDDY	A	0.26%
STZ	D	0.25%
MOH	F	0.25%
LUV	C	0.25%
MNST	C	0.25%
SNA	A	0.25%
CNP	B	0.25%
ENPH	F	0.25%
NUE	C	0.25%
AEP	D	0.24%
D	C	0.24%
FE	C	0.24%
VTRS	A	0.24%
PFE	D	0.24%
LEN	D	0.24%
F	C	0.24%
DTE	C	0.24%
CTLT	B	0.24%
NXPI	D	0.23%
VRTX	F	0.23%
JNJ	D	0.23%
NOW	A	0.22%
NFLX	A	0.22%
AVGO	D	0.22%
PLTR	B	0.22%
ADI	D	0.22%
CPRT	A	0.22%
TXN	C	0.22%
ANET	C	0.21%
AOS	F	0.21%
QRVO	F	0.21%
SWKS	F	0.21%
PAYC	B	0.21%
TYL	B	0.21%
MPWR	F	0.21%
AMZN	C	0.21%
FFIV	B	0.2%
ERIE	D	0.2%
INTU	C	0.2%
HSIC	B	0.2%
FSLR	F	0.2%
KEYS	A	0.2%
TEL	B	0.19%
PGR	A	0.19%
WBD	C	0.19%
GLW	B	0.19%
BBWI	D	0.19%
BLDR	D	0.19%
JNPR	F	0.19%
CRWD	B	0.18%
GEV	B	0.18%
ROL	B	0.18%
MCK	B	0.18%
APH	A	0.18%
MMM	D	0.17%
ANSS	B	0.17%
DG	F	0.17%
FTNT	C	0.17%
MLM	B	0.17%
NTAP	C	0.17%
GEN	B	0.17%
CTRA	B	0.17%
DLTR	F	0.17%
PTC	A	0.17%
DELL	C	0.17%
VMC	B	0.17%
STX	D	0.17%
PANW	C	0.16%
GD	F	0.16%
BA	F	0.16%
LH	C	0.16%
TXT	D	0.16%
HON	B	0.16%
TER	D	0.16%
TECH	D	0.15%
AZO	C	0.15%
SMCI	F	0.15%
CINF	A	0.14%
ORLY	B	0.14%
TMO	F	0.14%
IT	C	0.13%
EPAM	C	0.13%
WFC	A	0.13%
CTSH	B	0.13%
ZBRA	B	0.13%
BKNG	A	0.13%
MCHP	D	0.13%
LDOS	C	0.13%
WRB	A	0.13%
IQV	D	0.13%
ABNB	C	0.12%
STE	F	0.12%
ISRG	A	0.12%
CDW	F	0.12%
FAST	B	0.12%
PODD	C	0.1%
ESS	B	0.1%
INVH	D	0.1%
FOX	A	0.1%
GEHC	F	0.1%
ALGN	D	0.1%
MAA	B	0.1%
FOXA	B	0.1%
CPT	B	0.1%
EXPD	D	0.09%
KKR	A	0.09%
LYV	A	0.09%
DXCM	D	0.09%
SO	D	0.08%
PPL	B	0.08%
EVRG	A	0.08%
LNT	A	0.08%
AEE	A	0.08%
GNRC	B	0.08%
LMT	D	0.08%
HII	D	0.08%
NOC	D	0.08%
BX	A	0.08%
RTX	C	0.08%
ODFL	B	0.08%
LHX	C	0.08%
COP	C	0.07%
MRO	B	0.07%
EOG	A	0.07%
APA	D	0.07%
PNW	B	0.07%
CE	F	0.07%
DUK	C	0.07%
WEC	A	0.07%
FDX	B	0.07%
PCG	A	0.07%
XEL	A	0.07%
CMS	C	0.07%
HWM	A	0.07%
IP	B	0.06%
VICI	C	0.06%
CCI	D	0.06%
PKG	A	0.06%
O	D	0.06%
SPG	B	0.06%
TDG	D	0.06%
SOLV	C	0.05%
WST	C	0.05%
EMN	D	0.05%
DD	D	0.05%
EFX	F	0.04%
FICO	B	0.03%
VLTO	D	0.03%
NDSN	B	0.03%
TRMB	B	0.03%
TDY	B	0.03%
ROP	B	0.03%
BRO	B	0.03%

SHUS Underweight 1 Positions Relative to EFIV

	Symbol	Grade	Weight
	LRCX	F	-0.27%