SHUS vs. USCL ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to iShares Climate Conscious & Transition MSCI USA ETF (USCL)

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

USCL

iShares Climate Conscious & Transition MSCI USA ETF

USCL Description

The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.65

Average Daily Volume

2,806

Number of Holdings ^*

296

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	USCL
30 Days	2.26%	3.79%
60 Days	3.81%	5.19%
90 Days	5.24%	7.34%
12 Months	15.89%	35.52%

262 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in USCL	Overlap
A	D	0.15%	0.1%	0.1%
AAPL	C	0.49%	5.23%	0.49%
ABBV	D	0.24%	0.81%	0.24%
ABNB	C	0.12%	0.16%	0.12%
ABT	B	0.06%	0.54%	0.06%
ACGL	D	0.14%	0.1%	0.1%
ACN	C	0.13%	0.61%	0.13%
ADBE	C	0.15%	0.63%	0.15%
ADI	D	0.22%	0.28%	0.22%
ADP	B	0.21%	0.33%	0.21%
ADSK	A	0.16%	0.18%	0.16%
AEP	D	0.24%	0.13%	0.13%
AIG	B	0.19%	0.14%	0.14%
AJG	B	0.03%	0.18%	0.03%
AKAM	D	0.26%	0.04%	0.04%
ALB	C	0.05%	0.03%	0.03%
AMD	F	0.14%	0.61%	0.14%
AME	A	0.12%	0.12%	0.12%
AMGN	D	0.23%	0.43%	0.23%
AMT	D	0.06%	0.24%	0.06%
AMZN	C	0.21%	5.13%	0.21%
ANSS	B	0.17%	0.08%	0.08%
AON	A	0.04%	0.2%	0.04%
ARE	D	0.1%	0.05%	0.05%
ATO	A	0.32%	0.06%	0.06%
AVB	B	0.1%	0.09%	0.09%
AVGO	D	0.22%	2.04%	0.22%
AVY	D	0.06%	0.04%	0.04%
AWK	D	0.32%	0.07%	0.07%
AXP	A	0.05%	0.45%	0.05%
BAC	A	0.12%	0.87%	0.12%
BALL	D	0.12%	0.05%	0.05%
BIIB	F	0.24%	0.06%	0.06%
BK	A	0.11%	0.16%	0.11%
BKNG	A	0.13%	0.46%	0.13%
BKR	B	0.35%	0.12%	0.12%
BLK	C	0.09%	0.42%	0.09%
BMY	B	0.25%	0.32%	0.25%
BR	A	0.11%	0.07%	0.07%
BSX	B	0.06%	0.35%	0.06%
BX	A	0.08%	0.35%	0.08%
BXP	D	0.11%	0.03%	0.03%
CAT	B	0.14%	0.51%	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%
CCI	D	0.06%	0.12%	0.06%
CDNS	B	0.33%	0.22%	0.22%
CEG	D	0.38%	0.19%	0.19%
CHD	B	0.41%	0.07%	0.07%
CHTR	C	0.46%	0.1%	0.1%
CL	D	0.4%	0.19%	0.19%
CLX	B	0.41%	0.06%	0.06%
CMCSA	B	0.51%	0.46%	0.46%
CME	A	0.04%	0.22%	0.04%
CMG	B	0.49%	0.22%	0.22%
CMI	A	0.08%	0.14%	0.08%
COP	C	0.07%	0.36%	0.07%
CPB	D	0.2%	0.02%	0.02%
CPRT	A	0.22%	0.13%	0.13%
CRL	C	0.14%	0.03%	0.03%
CRM	B	0.35%	0.87%	0.35%
CRWD	B	0.18%	0.21%	0.18%
CSCO	B	0.21%	0.63%	0.21%
CSX	B	0.08%	0.19%	0.08%
CTAS	B	0.17%	0.21%	0.17%
CTLT	B	0.24%	0.03%	0.03%
CTSH	B	0.13%	0.11%	0.11%
CTVA	C	0.08%	0.11%	0.08%
CVS	D	0.68%	0.19%	0.19%
CVX	A	0.75%	0.77%	0.75%
D	C	0.24%	0.13%	0.13%
DAY	B	0.22%	0.03%	0.03%
DD	D	0.05%	0.09%	0.05%
DE	A	0.13%	0.28%	0.13%
DECK	A	0.29%	0.07%	0.07%
DELL	C	0.17%	0.1%	0.1%
DFS	B	0.68%	0.12%	0.12%
DHR	F	0.1%	0.43%	0.1%
DIS	B	0.2%	0.54%	0.2%
DLR	B	0.26%	0.16%	0.16%
DOC	D	0.11%	0.04%	0.04%
DOV	A	0.17%	0.08%	0.08%
DUK	C	0.07%	0.23%	0.07%
DVA	B	0.11%	0.02%	0.02%
EBAY	D	0.22%	0.08%	0.08%
ECL	D	0.05%	0.17%	0.05%
ED	D	0.24%	0.09%	0.09%
EFX	F	0.04%	0.09%	0.04%
EL	F	0.49%	0.04%	0.04%
EMR	A	0.03%	0.2%	0.03%
EOG	A	0.07%	0.21%	0.07%
EQIX	A	0.26%	0.23%	0.23%
EQR	B	0.1%	0.07%	0.07%
ES	D	0.07%	0.06%	0.06%
ETN	A	0.26%	0.39%	0.26%
EW	C	0.06%	0.11%	0.06%
EXC	C	0.29%	0.1%	0.1%
EXPD	D	0.09%	0.05%	0.05%
F	C	0.24%	0.12%	0.12%
FANG	D	0.07%	0.09%	0.07%
FCX	D	0.29%	0.17%	0.17%
FDS	B	0.04%	0.05%	0.04%
FDX	B	0.07%	0.18%	0.07%
FI	A	0.06%	0.33%	0.06%
FIS	C	0.05%	0.13%	0.05%
FSLR	F	0.2%	0.05%	0.05%
FTNT	C	0.17%	0.17%	0.17%
FTV	C	0.03%	0.07%	0.03%
GEN	B	0.17%	0.05%	0.05%
GILD	C	0.24%	0.31%	0.24%
GIS	D	0.21%	0.1%	0.1%
GM	B	0.24%	0.18%	0.18%
GOOG	C	0.22%	2.03%	0.22%
GOOGL	C	0.22%	2.33%	0.22%
GPN	B	0.04%	0.08%	0.04%
GRMN	B	0.32%	0.09%	0.09%
GS	A	0.25%	0.51%	0.25%
HD	A	0.25%	1.09%	0.25%
HES	B	0.07%	0.11%	0.07%
HIG	B	0.14%	0.09%	0.09%
HLT	A	0.12%	0.17%	0.12%
HPE	B	0.19%	0.07%	0.07%
HSY	F	0.17%	0.07%	0.07%
HUBB	B	0.26%	0.07%	0.07%
HUM	C	0.26%	0.09%	0.09%
IBM	C	0.33%	0.52%	0.33%
ICE	C	0.04%	0.24%	0.04%
IDXX	F	0.09%	0.09%	0.09%
IEX	B	0.2%	0.05%	0.05%
INCY	C	0.25%	0.03%	0.03%
INTC	D	0.16%	0.29%	0.16%
INTU	C	0.2%	0.53%	0.2%
IQV	D	0.13%	0.1%	0.1%
IT	C	0.13%	0.11%	0.11%
ITW	B	0.17%	0.22%	0.17%
JBHT	C	0.08%	0.04%	0.04%
JCI	C	0.08%	0.15%	0.08%
JKHY	D	0.05%	0.03%	0.03%
JNJ	D	0.23%	0.99%	0.23%
JPM	A	0.12%	1.88%	0.12%
K	A	0.18%	0.06%	0.06%
KDP	D	0.24%	0.1%	0.1%
KIM	A	0.06%	0.04%	0.04%
KMB	D	0.41%	0.12%	0.12%
KMI	A	0.25%	0.14%	0.14%
KO	D	0.24%	0.69%	0.24%
LH	C	0.16%	0.05%	0.05%
LIN	D	0.04%	0.59%	0.04%
LLY	F	0.23%	1.72%	0.23%
LNT	A	0.08%	0.04%	0.04%
LULU	C	0.3%	0.1%	0.1%
LVS	C	0.08%	0.05%	0.05%
MA	C	0.05%	1.17%	0.05%
MAR	B	0.12%	0.19%	0.12%
MCD	D	0.49%	0.58%	0.49%
MCK	B	0.18%	0.21%	0.18%
MCO	B	0.04%	0.21%	0.04%
MDLZ	F	0.18%	0.24%	0.18%
META	D	0.46%	3.42%	0.46%
MGM	D	0.07%	0.02%	0.02%
MKC	D	0.21%	0.05%	0.05%
MLM	B	0.17%	0.1%	0.1%
MMC	B	0.03%	0.3%	0.03%
MMM	D	0.17%	0.2%	0.17%
MNST	C	0.25%	0.11%	0.11%
MRK	F	0.24%	0.67%	0.24%
MRO	B	0.07%	0.04%	0.04%
MS	A	0.26%	0.44%	0.26%
MSFT	F	0.32%	4.42%	0.32%
MTCH	D	0.46%	0.02%	0.02%
MTD	D	0.14%	0.07%	0.07%
NDAQ	A	0.04%	0.09%	0.04%
NEE	D	0.24%	0.42%	0.24%
NEM	D	0.24%	0.13%	0.13%
NFLX	A	0.22%	0.98%	0.22%
NKE	D	0.33%	0.25%	0.25%
NOW	A	0.22%	0.58%	0.22%
NSC	B	0.08%	0.16%	0.08%
NTRS	A	0.08%	0.06%	0.06%
NUE	C	0.25%	0.1%	0.1%
NVDA	C	0.13%	6.73%	0.13%
O	D	0.06%	0.13%	0.06%
ODFL	B	0.08%	0.12%	0.08%
OKE	A	0.24%	0.17%	0.17%
ORCL	B	0.34%	0.84%	0.34%
OXY	D	0.07%	0.09%	0.07%
PANW	C	0.16%	0.35%	0.16%
PAYC	B	0.21%	0.03%	0.03%
PAYX	C	0.21%	0.13%	0.13%
PCAR	B	0.12%	0.16%	0.12%
PEG	A	0.25%	0.12%	0.12%
PEP	F	0.17%	0.61%	0.17%
PFE	D	0.24%	0.4%	0.24%
PG	A	0.41%	1.07%	0.41%
PGR	A	0.19%	0.41%	0.19%
PLD	D	0.06%	0.29%	0.06%
PLTR	B	0.22%	0.32%	0.22%
PNR	A	0.19%	0.05%	0.05%
PPG	F	0.07%	0.08%	0.07%
PTC	A	0.17%	0.06%	0.06%
PWR	A	0.4%	0.13%	0.13%
PYPL	B	0.06%	0.23%	0.06%
QCOM	F	0.22%	0.49%	0.22%
REG	B	0.06%	0.04%	0.04%
REGN	F	0.23%	0.23%	0.23%
ROK	B	0.03%	0.09%	0.03%
ROP	B	0.03%	0.16%	0.03%
RSG	A	0.18%	0.13%	0.13%
RVTY	F	0.1%	0.04%	0.04%
SBUX	A	0.48%	0.3%	0.3%
SCHW	B	0.25%	0.33%	0.25%
SHW	A	0.06%	0.25%	0.06%
SLB	C	0.34%	0.17%	0.17%
SNPS	B	0.34%	0.23%	0.23%
SO	D	0.08%	0.26%	0.08%
SPG	B	0.06%	0.16%	0.06%
SPGI	C	0.04%	0.44%	0.04%
SRE	A	0.07%	0.16%	0.07%
STLD	B	0.27%	0.06%	0.06%
STT	A	0.11%	0.08%	0.08%
STZ	D	0.25%	0.11%	0.11%
T	A	0.33%	0.43%	0.33%
TAP	C	0.25%	0.03%	0.03%
TFX	F	0.05%	0.02%	0.02%
TGT	F	0.17%	0.19%	0.17%
TMO	F	0.14%	0.55%	0.14%
TMUS	B	0.33%	0.34%	0.33%
TRMB	B	0.03%	0.05%	0.03%
TROW	B	0.08%	0.07%	0.07%
TRV	B	0.14%	0.16%	0.14%
TSLA	B	0.27%	2.41%	0.27%
TT	A	0.08%	0.25%	0.08%
TXN	C	0.22%	0.51%	0.22%
UBER	D	0.11%	0.36%	0.11%
ULTA	F	0.17%	0.05%	0.05%
UNH	C	0.25%	1.47%	0.25%
UNP	C	0.08%	0.39%	0.08%
UPS	C	0.08%	0.26%	0.08%
USB	A	0.05%	0.21%	0.05%
V	A	0.04%	1.31%	0.04%
VICI	C	0.06%	0.09%	0.06%
VRSK	A	0.04%	0.11%	0.04%
VRTX	F	0.23%	0.34%	0.23%
VZ	C	0.32%	0.46%	0.32%
WAB	B	0.13%	0.09%	0.09%
WAT	B	0.15%	0.06%	0.06%
WELL	A	0.11%	0.22%	0.11%
WFC	A	0.13%	0.69%	0.13%
WM	A	0.18%	0.24%	0.18%
WMT	A	0.72%	1.01%	0.72%
WRB	A	0.13%	0.05%	0.05%
WST	C	0.05%	0.07%	0.05%
WTW	B	0.04%	0.09%	0.04%
WY	D	0.17%	0.06%	0.06%
WYNN	D	0.08%	0.03%	0.03%
XEL	A	0.07%	0.1%	0.07%
XOM	B	0.75%	1.46%	0.75%
XYL	D	0.19%	0.08%	0.08%
YUM	B	0.5%	0.1%	0.1%
ZBH	C	0.12%	0.06%	0.06%
ZTS	D	0.25%	0.22%	0.22%

SHUS Overweight 238 Positions Relative to USCL

Symbol	Grade	Weight
KR	B	0.73%
SYY	B	0.73%
ROST	C	0.71%
TJX	A	0.71%
COST	B	0.7%
COF	B	0.69%
SYF	B	0.68%
WBA	F	0.63%
DPZ	C	0.52%
PSX	C	0.5%
DRI	B	0.5%
L	A	0.49%
VLO	C	0.49%
MSI	B	0.49%
BRK.A	B	0.49%
EA	A	0.48%
MPC	D	0.48%
TTWO	A	0.48%
KVUE	A	0.41%
BWA	D	0.41%
VST	B	0.4%
APTV	D	0.39%
J	F	0.39%
JBL	B	0.37%
HRL	D	0.36%
ADM	D	0.36%
BG	F	0.36%
PM	B	0.35%
MO	A	0.35%
TSN	B	0.35%
HPQ	B	0.34%
IPG	D	0.33%
OMC	C	0.33%
HCA	F	0.33%
HAL	C	0.33%
RL	B	0.32%
UHS	D	0.32%
NI	A	0.32%
TPR	B	0.32%
NRG	B	0.32%
AES	F	0.31%
NVR	D	0.3%
UAL	A	0.28%
VRSN	F	0.27%
DAL	C	0.27%
SWK	D	0.26%
GDDY	A	0.26%
PHM	D	0.25%
MOH	F	0.25%
LUV	C	0.25%
ETR	B	0.25%
SNA	A	0.25%
CNP	B	0.25%
RJF	A	0.25%
LOW	D	0.25%
ENPH	F	0.25%
HAS	D	0.25%
CNC	D	0.25%
TRGP	B	0.24%
FE	C	0.24%
VTRS	A	0.24%
WMB	A	0.24%
LEN	D	0.24%
ELV	F	0.24%
DTE	C	0.24%
EIX	B	0.24%
NXPI	D	0.23%
MRNA	F	0.23%
DHI	D	0.23%
LW	C	0.22%
ON	D	0.22%
KHC	F	0.21%
ANET	C	0.21%
AOS	F	0.21%
QRVO	F	0.21%
SWKS	F	0.21%
SJM	D	0.21%
MET	A	0.21%
CAG	D	0.21%
TYL	B	0.21%
MPWR	F	0.21%
IR	B	0.2%
AFL	B	0.2%
PARA	C	0.2%
FFIV	B	0.2%
ERIE	D	0.2%
AIZ	A	0.2%
HSIC	B	0.2%
PRU	A	0.2%
KEYS	A	0.2%
PFG	D	0.2%
CAH	B	0.19%
TEL	B	0.19%
MAS	D	0.19%
WBD	C	0.19%
GLW	B	0.19%
BBWI	D	0.19%
ALL	A	0.19%
BLDR	D	0.19%
GL	B	0.19%
JNPR	F	0.19%
EQT	B	0.18%
GEV	B	0.18%
ROL	B	0.18%
COR	B	0.18%
CI	F	0.18%
MHK	D	0.18%
APH	A	0.18%
DG	F	0.17%
GE	D	0.17%
NTAP	C	0.17%
BBY	D	0.17%
CTRA	B	0.17%
DLTR	F	0.17%
KLAC	D	0.17%
VMC	B	0.17%
STX	D	0.17%
WDC	D	0.17%
AMAT	F	0.17%
GD	F	0.16%
DVN	F	0.16%
BA	F	0.16%
DGX	A	0.16%
TXT	D	0.16%
HON	B	0.16%
TER	D	0.16%
TECH	D	0.15%
AZO	C	0.15%
GPC	D	0.15%
SMCI	F	0.15%
MU	D	0.15%
CINF	A	0.14%
URI	B	0.14%
EG	C	0.14%
ORLY	B	0.14%
KMX	B	0.14%
LKQ	D	0.14%
EPAM	C	0.13%
POOL	C	0.13%
GWW	B	0.13%
C	A	0.13%
ZBRA	B	0.13%
MCHP	D	0.13%
LDOS	C	0.13%
SYK	C	0.12%
EXPE	B	0.12%
STE	F	0.12%
ISRG	A	0.12%
CDW	F	0.12%
FAST	B	0.12%
TSCO	D	0.12%
AMCR	D	0.12%
VTR	C	0.11%
EXR	D	0.11%
HST	C	0.11%
HOLX	D	0.1%
PODD	C	0.1%
NWSA	B	0.1%
NWS	B	0.1%
ESS	B	0.1%
INVH	D	0.1%
FOX	A	0.1%
UDR	B	0.1%
GEHC	F	0.1%
ALGN	D	0.1%
MAA	B	0.1%
FOXA	B	0.1%
PSA	D	0.1%
CPT	B	0.1%
AXON	A	0.09%
KKR	A	0.09%
CCL	B	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%
PPL	B	0.08%
EVRG	A	0.08%
CARR	D	0.08%
AEE	A	0.08%
PH	A	0.08%
GNRC	B	0.08%
OTIS	C	0.08%
LMT	D	0.08%
HII	D	0.08%
NOC	D	0.08%
RTX	C	0.08%
MOS	F	0.08%
LHX	C	0.08%
FMC	D	0.08%
BEN	C	0.08%
RCL	A	0.08%
LYB	F	0.07%
SW	A	0.07%
CZR	F	0.07%
APA	D	0.07%
DOW	F	0.07%
PNW	B	0.07%
CE	F	0.07%
ALLE	D	0.07%
WEC	A	0.07%
PCG	A	0.07%
CMS	C	0.07%
HWM	A	0.07%
KEY	B	0.06%
RF	A	0.06%
PNC	B	0.06%
MTB	A	0.06%
MDT	D	0.06%
IP	B	0.06%
FRT	B	0.06%
SBAC	D	0.06%
PKG	A	0.06%
IRM	D	0.06%
TDG	D	0.06%
APD	A	0.05%
SOLV	C	0.05%
IFF	D	0.05%
BAX	D	0.05%
BDX	F	0.05%
EMN	D	0.05%
HBAN	A	0.05%
TFC	A	0.05%
CFG	B	0.05%
FITB	A	0.05%
CSGP	D	0.04%
CPAY	A	0.04%
MKTX	D	0.04%
MSCI	C	0.04%
FICO	B	0.03%
VLTO	D	0.03%
NDSN	B	0.03%
TDY	B	0.03%
BRO	B	0.03%

SHUS Underweight 34 Positions Relative to USCL

Symbol	Grade	Weight
MELI	D	-0.23%
CRH	A	-0.19%
APO	B	-0.18%
WDAY	B	-0.16%
SQ	B	-0.13%
WCN	A	-0.13%
SNOW	C	-0.11%
TEAM	A	-0.11%
HUBS	A	-0.09%
NET	B	-0.08%
LII	A	-0.06%
CSL	C	-0.06%
ILMN	D	-0.06%
WSM	B	-0.05%
OC	A	-0.05%
MANH	D	-0.05%
FWONK	B	-0.05%
RPM	A	-0.05%
PINS	D	-0.05%
ZS	C	-0.05%
TRU	D	-0.05%
BAH	F	-0.05%
ACM	A	-0.04%
TW	A	-0.04%
GGG	B	-0.04%
TWLO	A	-0.04%
WTRG	B	-0.03%
CCK	C	-0.03%
SNAP	C	-0.03%
CG	A	-0.03%
OKTA	C	-0.03%
AZPN	A	-0.02%
H	B	-0.02%
BSY	D	-0.02%