SHUS vs. FELV ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to Fidelity Enhanced Large Cap Value ETF (FELV)

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

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$32.56

Average Daily Volume

106,908

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	FELV
30 Days	2.26%	4.38%
60 Days	3.81%	5.85%
90 Days	5.24%	7.57%
12 Months	15.89%	29.90%

229 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in FELV	Overlap
A	D	0.15%	0.09%	0.09%
AAPL	C	0.49%	0.19%	0.19%
ABBV	D	0.24%	0.85%	0.24%
ABT	B	0.06%	0.54%	0.06%
ACN	C	0.13%	0.34%	0.13%
ADBE	C	0.15%	0.37%	0.15%
ADI	D	0.22%	0.04%	0.04%
ADM	D	0.36%	0.1%	0.1%
ADP	B	0.21%	0.1%	0.1%
AEP	D	0.24%	0.08%	0.08%
AES	F	0.31%	0.16%	0.16%
AIZ	A	0.2%	0.11%	0.11%
ALL	A	0.19%	0.19%	0.19%
ALLE	D	0.07%	0.54%	0.07%
AMAT	F	0.17%	0.42%	0.17%
AMD	F	0.14%	0.02%	0.02%
AME	A	0.12%	0.26%	0.12%
AMGN	D	0.23%	0.15%	0.15%
AMT	D	0.06%	0.14%	0.06%
AMZN	C	0.21%	0.08%	0.08%
ANSS	B	0.17%	0.01%	0.01%
AON	A	0.04%	0.59%	0.04%
AVGO	D	0.22%	0.12%	0.12%
AXP	A	0.05%	0.2%	0.05%
BAC	A	0.12%	1.77%	0.12%
BBWI	D	0.19%	0.08%	0.08%
BBY	D	0.17%	0.15%	0.15%
BDX	F	0.05%	0.74%	0.05%
BIIB	F	0.24%	0.3%	0.24%
BK	A	0.11%	0.63%	0.11%
BKR	B	0.35%	0.1%	0.1%
BLDR	D	0.19%	0.01%	0.01%
BLK	C	0.09%	0.37%	0.09%
BMY	B	0.25%	0.84%	0.25%
BRK.A	B	0.49%	3.64%	0.49%
BSX	B	0.06%	0.19%	0.06%
C	A	0.13%	0.48%	0.13%
CAH	B	0.19%	0.3%	0.19%
CAT	B	0.14%	0.54%	0.14%
CCI	D	0.06%	0.57%	0.06%
CCL	B	0.09%	0.13%	0.09%
CEG	D	0.38%	0.17%	0.17%
CI	F	0.18%	0.6%	0.18%
CINF	A	0.14%	0.22%	0.14%
CL	D	0.4%	0.54%	0.4%
CLX	B	0.41%	0.25%	0.25%
CMCSA	B	0.51%	1.13%	0.51%
CME	A	0.04%	0.57%	0.04%
CMG	B	0.49%	0.07%	0.07%
CMI	A	0.08%	0.34%	0.08%
CNC	D	0.25%	0.23%	0.23%
CNP	B	0.25%	0.15%	0.15%
COF	B	0.69%	0.47%	0.47%
COP	C	0.07%	0.56%	0.07%
CRM	B	0.35%	0.22%	0.22%
CSCO	B	0.21%	1.07%	0.21%
CSGP	D	0.04%	0.04%	0.04%
CSX	B	0.08%	0.34%	0.08%
CTAS	B	0.17%	0.43%	0.17%
CTRA	B	0.17%	0.05%	0.05%
CVS	D	0.68%	0.3%	0.3%
CVX	A	0.75%	0.53%	0.53%
DD	D	0.05%	0.48%	0.05%
DELL	C	0.17%	0.08%	0.08%
DFS	B	0.68%	0.05%	0.05%
DGX	A	0.16%	0.01%	0.01%
DHI	D	0.23%	0.03%	0.03%
DHR	F	0.1%	0.17%	0.1%
DIS	B	0.2%	0.8%	0.2%
DOC	D	0.11%	0.22%	0.11%
DTE	C	0.24%	0.19%	0.19%
DUK	C	0.07%	0.28%	0.07%
DVN	F	0.16%	0.34%	0.16%
EA	A	0.48%	0.11%	0.11%
ECL	D	0.05%	0.5%	0.05%
ED	D	0.24%	0.22%	0.22%
EIX	B	0.24%	0.17%	0.17%
ELV	F	0.24%	0.11%	0.11%
EOG	A	0.07%	0.53%	0.07%
EQIX	A	0.26%	0.2%	0.2%
EQR	B	0.1%	0.17%	0.1%
ES	D	0.07%	0.13%	0.07%
ETN	A	0.26%	0.76%	0.26%
EVRG	A	0.08%	0.35%	0.08%
EW	C	0.06%	0.06%	0.06%
EXC	C	0.29%	0.24%	0.24%
F	C	0.24%	0.33%	0.24%
FANG	D	0.07%	0.09%	0.07%
FTV	C	0.03%	0.33%	0.03%
GD	F	0.16%	0.14%	0.14%
GE	D	0.17%	1.05%	0.17%
GEHC	F	0.1%	0.16%	0.1%
GEV	B	0.18%	0.28%	0.18%
GILD	C	0.24%	0.92%	0.24%
GIS	D	0.21%	0.05%	0.05%
GL	B	0.19%	0.28%	0.19%
GLW	B	0.19%	0.01%	0.01%
GPN	B	0.04%	0.09%	0.04%
GRMN	B	0.32%	0.11%	0.11%
GS	A	0.25%	0.34%	0.25%
HAL	C	0.33%	0.13%	0.13%
HD	A	0.25%	0.45%	0.25%
HON	B	0.16%	0.08%	0.08%
HPE	B	0.19%	0.21%	0.19%
HUM	C	0.26%	0.14%	0.14%
HWM	A	0.07%	0.12%	0.07%
IBM	C	0.33%	0.27%	0.27%
ICE	C	0.04%	0.18%	0.04%
IFF	D	0.05%	0.08%	0.05%
INCY	C	0.25%	0.22%	0.22%
INTC	D	0.16%	0.85%	0.16%
IQV	D	0.13%	0.17%	0.13%
ITW	B	0.17%	0.12%	0.12%
JCI	C	0.08%	0.21%	0.08%
JNJ	D	0.23%	1.02%	0.23%
JPM	A	0.12%	2.93%	0.12%
KEY	B	0.06%	0.18%	0.06%
KHC	F	0.21%	0.12%	0.12%
KLAC	D	0.17%	0.03%	0.03%
KMB	D	0.41%	0.14%	0.14%
KMI	A	0.25%	0.24%	0.24%
KR	B	0.73%	0.31%	0.31%
L	A	0.49%	0.35%	0.35%
LDOS	C	0.13%	0.47%	0.13%
LH	C	0.16%	0.08%	0.08%
LHX	C	0.08%	0.45%	0.08%
LIN	D	0.04%	0.46%	0.04%
LMT	D	0.08%	0.64%	0.08%
LOW	D	0.25%	0.07%	0.07%
MA	C	0.05%	0.28%	0.05%
MCD	D	0.49%	0.28%	0.28%
MCK	B	0.18%	0.09%	0.09%
MDLZ	F	0.18%	0.06%	0.06%
MDT	D	0.06%	0.4%	0.06%
META	D	0.46%	0.21%	0.21%
MGM	D	0.07%	0.21%	0.07%
MKC	D	0.21%	0.08%	0.08%
MMC	B	0.03%	0.38%	0.03%
MMM	D	0.17%	0.6%	0.17%
MO	A	0.35%	0.28%	0.28%
MS	A	0.26%	0.54%	0.26%
MSCI	C	0.04%	0.19%	0.04%
MSI	B	0.49%	0.2%	0.2%
MU	D	0.15%	0.86%	0.15%
NEE	D	0.24%	0.81%	0.24%
NEM	D	0.24%	0.05%	0.05%
NFLX	A	0.22%	0.19%	0.19%
NOC	D	0.08%	0.63%	0.08%
NSC	B	0.08%	0.57%	0.08%
NTAP	C	0.17%	0.12%	0.12%
NUE	C	0.25%	0.34%	0.25%
NVDA	C	0.13%	0.17%	0.13%
NWS	B	0.1%	0.03%	0.03%
NWSA	B	0.1%	0.06%	0.06%
OXY	D	0.07%	0.15%	0.07%
PCAR	B	0.12%	0.39%	0.12%
PCG	A	0.07%	0.39%	0.07%
PEG	A	0.25%	0.1%	0.1%
PFE	D	0.24%	0.85%	0.24%
PFG	D	0.2%	0.16%	0.16%
PG	A	0.41%	1.24%	0.41%
PGR	A	0.19%	0.35%	0.19%
PH	A	0.08%	0.12%	0.08%
PHM	D	0.25%	0.01%	0.01%
PKG	A	0.06%	0.13%	0.06%
PM	B	0.35%	1.31%	0.35%
PNC	B	0.06%	0.7%	0.06%
PNR	A	0.19%	0.19%	0.19%
PPG	F	0.07%	0.57%	0.07%
PRU	A	0.2%	0.17%	0.17%
PSA	D	0.1%	0.52%	0.1%
PYPL	B	0.06%	0.79%	0.06%
QCOM	F	0.22%	0.5%	0.22%
QRVO	F	0.21%	0.11%	0.11%
RCL	A	0.08%	0.15%	0.08%
REG	B	0.06%	0.07%	0.06%
RJF	A	0.25%	0.03%	0.03%
ROP	B	0.03%	0.01%	0.01%
ROST	C	0.71%	0.11%	0.11%
RSG	A	0.18%	0.66%	0.18%
RTX	C	0.08%	0.7%	0.08%
SCHW	B	0.25%	0.88%	0.25%
SO	D	0.08%	0.12%	0.08%
SOLV	C	0.05%	0.12%	0.05%
SPG	B	0.06%	0.18%	0.06%
SPGI	C	0.04%	0.63%	0.04%
STLD	B	0.27%	0.33%	0.27%
STT	A	0.11%	0.15%	0.11%
SWKS	F	0.21%	0.13%	0.13%
SYF	B	0.68%	0.03%	0.03%
SYK	C	0.12%	0.26%	0.12%
T	A	0.33%	1.02%	0.33%
TAP	C	0.25%	0.16%	0.16%
TFC	A	0.05%	0.24%	0.05%
TFX	F	0.05%	0.03%	0.03%
TGT	F	0.17%	0.01%	0.01%
TJX	A	0.71%	0.28%	0.28%
TMO	F	0.14%	0.73%	0.14%
TMUS	B	0.33%	0.56%	0.33%
TPR	B	0.32%	0.1%	0.1%
TRGP	B	0.24%	0.09%	0.09%
TRMB	B	0.03%	0.05%	0.03%
TROW	B	0.08%	0.13%	0.08%
TRV	B	0.14%	0.28%	0.14%
TT	A	0.08%	0.52%	0.08%
TXN	C	0.22%	0.16%	0.16%
TXT	D	0.16%	0.53%	0.16%
UAL	A	0.28%	0.03%	0.03%
UHS	D	0.32%	0.12%	0.12%
UNH	C	0.25%	1.57%	0.25%
UNP	C	0.08%	0.75%	0.08%
UPS	C	0.08%	0.06%	0.06%
VICI	C	0.06%	0.25%	0.06%
VLTO	D	0.03%	0.04%	0.03%
VMC	B	0.17%	0.28%	0.17%
VRTX	F	0.23%	0.09%	0.09%
VST	B	0.4%	0.07%	0.07%
VZ	C	0.32%	0.68%	0.32%
WAB	B	0.13%	0.45%	0.13%
WBD	C	0.19%	0.09%	0.09%
WDC	D	0.17%	0.14%	0.14%
WFC	A	0.13%	1.22%	0.13%
WM	A	0.18%	0.25%	0.18%
WMB	A	0.24%	0.12%	0.12%
WMT	A	0.72%	1.76%	0.72%
WTW	B	0.04%	0.26%	0.04%
XEL	A	0.07%	0.25%	0.07%
XOM	B	0.75%	2.51%	0.75%
ZBRA	B	0.13%	0.32%	0.13%

SHUS Overweight 271 Positions Relative to FELV

Symbol	Grade	Weight
SYY	B	0.73%
COST	B	0.7%
WBA	F	0.63%
DPZ	C	0.52%
PSX	C	0.5%
DRI	B	0.5%
YUM	B	0.5%
EL	F	0.49%
VLO	C	0.49%
SBUX	A	0.48%
MPC	D	0.48%
TTWO	A	0.48%
MTCH	D	0.46%
CHTR	C	0.46%
KVUE	A	0.41%
BWA	D	0.41%
CHD	B	0.41%
PWR	A	0.4%
APTV	D	0.39%
J	F	0.39%
JBL	B	0.37%
HRL	D	0.36%
BG	F	0.36%
TSN	B	0.35%
ORCL	B	0.34%
SLB	C	0.34%
SNPS	B	0.34%
HPQ	B	0.34%
NKE	D	0.33%
IPG	D	0.33%
OMC	C	0.33%
HCA	F	0.33%
CDNS	B	0.33%
AWK	D	0.32%
MSFT	F	0.32%
RL	B	0.32%
ATO	A	0.32%
NI	A	0.32%
NRG	B	0.32%
NVR	D	0.3%
LULU	C	0.3%
FCX	D	0.29%
DECK	A	0.29%
VRSN	F	0.27%
TSLA	B	0.27%
DAL	C	0.27%
HUBB	B	0.26%
SWK	D	0.26%
DLR	B	0.26%
GDDY	A	0.26%
AKAM	D	0.26%
ZTS	D	0.25%
STZ	D	0.25%
MOH	F	0.25%
LUV	C	0.25%
MNST	C	0.25%
ETR	B	0.25%
SNA	A	0.25%
ENPH	F	0.25%
HAS	D	0.25%
MRK	F	0.24%
D	C	0.24%
OKE	A	0.24%
FE	C	0.24%
VTRS	A	0.24%
KDP	D	0.24%
GM	B	0.24%
LEN	D	0.24%
KO	D	0.24%
CTLT	B	0.24%
REGN	F	0.23%
NXPI	D	0.23%
LLY	F	0.23%
MRNA	F	0.23%
LW	C	0.22%
EBAY	D	0.22%
DAY	B	0.22%
NOW	A	0.22%
PLTR	B	0.22%
CPRT	A	0.22%
GOOGL	C	0.22%
ON	D	0.22%
GOOG	C	0.22%
ANET	C	0.21%
AOS	F	0.21%
SJM	D	0.21%
MET	A	0.21%
CAG	D	0.21%
PAYX	C	0.21%
PAYC	B	0.21%
TYL	B	0.21%
MPWR	F	0.21%
IR	B	0.2%
IEX	B	0.2%
AFL	B	0.2%
PARA	C	0.2%
FFIV	B	0.2%
CPB	D	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%
XYL	D	0.19%
MAS	D	0.19%
AIG	B	0.19%
JNPR	F	0.19%
CRWD	B	0.18%
EQT	B	0.18%
ROL	B	0.18%
COR	B	0.18%
K	A	0.18%
MHK	D	0.18%
APH	A	0.18%
DG	F	0.17%
FTNT	C	0.17%
MLM	B	0.17%
DOV	A	0.17%
GEN	B	0.17%
WY	D	0.17%
DLTR	F	0.17%
PTC	A	0.17%
STX	D	0.17%
HSY	F	0.17%
PEP	F	0.17%
ULTA	F	0.17%
PANW	C	0.16%
BA	F	0.16%
ADSK	A	0.16%
TER	D	0.16%
TECH	D	0.15%
AZO	C	0.15%
GPC	D	0.15%
WAT	B	0.15%
SMCI	F	0.15%
MTD	D	0.14%
CRL	C	0.14%
URI	B	0.14%
CB	C	0.14%
HIG	B	0.14%
ACGL	D	0.14%
EG	C	0.14%
ORLY	B	0.14%
KMX	B	0.14%
LKQ	D	0.14%
IT	C	0.13%
EPAM	C	0.13%
POOL	C	0.13%
GWW	B	0.13%
CTSH	B	0.13%
DE	A	0.13%
BKNG	A	0.13%
MCHP	D	0.13%
WRB	A	0.13%
HLT	A	0.12%
ABNB	C	0.12%
MAR	B	0.12%
EXPE	B	0.12%
STE	F	0.12%
ISRG	A	0.12%
CDW	F	0.12%
BALL	D	0.12%
ZBH	C	0.12%
FAST	B	0.12%
TSCO	D	0.12%
AMCR	D	0.12%
VTR	C	0.11%
DVA	B	0.11%
WELL	A	0.11%
EXR	D	0.11%
BR	A	0.11%
BXP	D	0.11%
HST	C	0.11%
UBER	D	0.11%
HOLX	D	0.1%
PODD	C	0.1%
RVTY	F	0.1%
ESS	B	0.1%
INVH	D	0.1%
FOX	A	0.1%
UDR	B	0.1%
ALGN	D	0.1%
MAA	B	0.1%
FOXA	B	0.1%
AVB	B	0.1%
ARE	D	0.1%
CPT	B	0.1%
AXON	A	0.09%
EXPD	D	0.09%
KKR	A	0.09%
AMP	A	0.09%
CHRW	C	0.09%
NCLH	B	0.09%
CF	B	0.09%
IVZ	B	0.09%
LYV	A	0.09%
RMD	C	0.09%
DXCM	D	0.09%
IDXX	F	0.09%
PPL	B	0.08%
CARR	D	0.08%
LNT	A	0.08%
AEE	A	0.08%
GNRC	B	0.08%
WYNN	D	0.08%
OTIS	C	0.08%
HII	D	0.08%
BX	A	0.08%
ODFL	B	0.08%
NTRS	A	0.08%
LVS	C	0.08%
MOS	F	0.08%
JBHT	C	0.08%
CTVA	C	0.08%
FMC	D	0.08%
BEN	C	0.08%
LYB	F	0.07%
SW	A	0.07%
CZR	F	0.07%
MRO	B	0.07%
APA	D	0.07%
DOW	F	0.07%
HES	B	0.07%
PNW	B	0.07%
CE	F	0.07%
WEC	A	0.07%
FDX	B	0.07%
SRE	A	0.07%
CMS	C	0.07%
FI	A	0.06%
RF	A	0.06%
MTB	A	0.06%
IP	B	0.06%
KIM	A	0.06%
AVY	D	0.06%
FRT	B	0.06%
PLD	D	0.06%
SBAC	D	0.06%
O	D	0.06%
IRM	D	0.06%
TDG	D	0.06%
SHW	A	0.06%
APD	A	0.05%
BAX	D	0.05%
WST	C	0.05%
EMN	D	0.05%
ALB	C	0.05%
FIS	C	0.05%
JKHY	D	0.05%
HBAN	A	0.05%
USB	A	0.05%
CFG	B	0.05%
FITB	A	0.05%
EFX	F	0.04%
MCO	B	0.04%
CBRE	B	0.04%
CBOE	B	0.04%
VRSK	A	0.04%
FDS	B	0.04%
V	A	0.04%
NDAQ	A	0.04%
CPAY	A	0.04%
MKTX	D	0.04%
ROK	B	0.03%
FICO	B	0.03%
EMR	A	0.03%
NDSN	B	0.03%
TDY	B	0.03%
AJG	B	0.03%
BRO	B	0.03%

SHUS Underweight 103 Positions Relative to FELV

Symbol	Grade	Weight
SQ	B	-0.7%
CVNA	B	-0.62%
SEIC	B	-0.58%
ZM	B	-0.52%
SSNC	B	-0.5%
CACI	D	-0.46%
DBX	B	-0.42%
UNM	A	-0.38%
IGT	F	-0.36%
EXEL	B	-0.35%
TPH	D	-0.35%
BRX	A	-0.35%
LPX	B	-0.33%
TWLO	A	-0.3%
FR	C	-0.28%
VEEV	C	-0.28%
TOL	B	-0.28%
ANF	C	-0.28%
TDC	D	-0.27%
GAP	C	-0.25%
SEE	C	-0.25%
FLS	B	-0.25%
Z	A	-0.22%
DOCU	A	-0.22%
OC	A	-0.22%
SKYW	B	-0.21%
VMI	B	-0.2%
USFD	A	-0.19%
FTI	A	-0.19%
ITT	A	-0.18%
TMHC	B	-0.18%
ZG	A	-0.18%
LNW	D	-0.17%
MKL	A	-0.17%
ACA	A	-0.17%
QGEN	D	-0.16%
MEDP	D	-0.16%
CCK	C	-0.16%
ILMN	D	-0.15%
JXN	C	-0.15%
WDAY	B	-0.13%
EEFT	B	-0.12%
BLD	D	-0.11%
ENS	D	-0.11%
BCC	B	-0.11%
AMH	D	-0.11%
BMRN	D	-0.11%
ADTN	A	-0.1%
CRC	B	-0.1%
MHO	D	-0.1%
CNO	A	-0.09%
MTDR	B	-0.09%
KD	B	-0.09%
ACT	D	-0.09%
CRUS	D	-0.09%
TENB	C	-0.08%
DASH	A	-0.08%
ALRM	C	-0.08%
BYD	C	-0.07%
LYFT	C	-0.07%
WCC	B	-0.07%
NWL	B	-0.06%
LEG	F	-0.06%
ARW	D	-0.06%
VSTS	C	-0.06%
OGE	B	-0.06%
NMRK	B	-0.06%
SAM	C	-0.05%
FHI	A	-0.05%
GLPI	C	-0.05%
CW	B	-0.05%
PLTK	B	-0.05%
AM	A	-0.04%
INGR	B	-0.04%
VAC	B	-0.04%
HL	D	-0.04%
CWEN	C	-0.04%
BKH	A	-0.04%
CTRE	D	-0.04%
AXTA	A	-0.03%
MSA	D	-0.03%
RGA	A	-0.03%
EXTR	B	-0.03%
WS	B	-0.03%
ALKS	B	-0.03%
MATX	C	-0.03%
CWEN	C	-0.02%
AYI	B	-0.02%
SWI	B	-0.02%
OKTA	C	-0.02%
OGN	D	-0.02%
BERY	B	-0.02%
ITRI	B	-0.02%
BIO	D	-0.02%
WOOF	D	-0.02%
MWA	B	-0.01%
TNL	A	-0.01%
FTDR	A	-0.01%
MUR	D	-0.01%
CXT	B	-0.01%
AXS	A	-0.01%
SON	D	-0.01%
M	D	-0.01%