SMDY vs. IEDI ETF Comparison

Comparison of Syntax Stratified MidCap ETF (SMDY) to iShares Evolved U.S. Discretionary Spending ETF (IEDI)

SMDY

Syntax Stratified MidCap ETF

SMDY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 95%, of its total assets in the securities comprising the index. The index, which was created by Syntax LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P MidCap 400® Index and holds the same constituents as the S&P MidCap 400 Index.

Grade (RS Rating)

Last Trade

$44.16

Average Daily Volume

525

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

IEDI

iShares Evolved U.S. Discretionary Spending ETF

IEDI Description

The investment seeks to provide access to U.S. companies with discretionary spending exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization discretionary spending companies. It will hold common stock of those companies that fall into the Discretionary Spending Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as consumer discretionary companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.94

Average Daily Volume

3,097

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	SMDY	IEDI
30 Days	0.32%	4.04%
60 Days	0.23%	8.28%
90 Days	3.92%	7.36%
12 Months	21.05%	36.74%

60 Overlapping Holdings

Symbol	Grade	Weight in SMDY	Weight in IEDI	Overlap
AN	C	0.44%	0.14%	0.14%
ANF	D	0.17%	0.1%	0.1%
ARMK	B	0.62%	0.14%	0.14%
BJ	D	0.26%	0.28%	0.26%
BLD	C	0.14%	0.02%	0.02%
BURL	C	0.33%	0.69%	0.33%
BYD	C	0.14%	0.11%	0.11%
CAR	D	0.34%	0.02%	0.02%
CASY	D	0.22%	0.46%	0.22%
CHDN	D	0.12%	0.27%	0.12%
CHE	C	0.21%	0.03%	0.03%
CHH	B	0.11%	0.1%	0.1%
COLM	C	0.27%	0.06%	0.06%
COTY	D	1.55%	0.05%	0.05%
CPRI	D	0.33%	0.12%	0.12%
CRI	D	0.29%	0.09%	0.09%
CROX	C	0.25%	0.19%	0.19%
DKS	D	0.27%	0.54%	0.27%
DUOL	C	0.36%	0.09%	0.09%
ELF	F	0.16%	0.11%	0.11%
FIVE	D	0.23%	0.21%	0.21%
FLO	C	0.28%	0.09%	0.09%
FND	C	0.15%	0.41%	0.15%
GAP	F	0.23%	0.17%	0.17%
GME	D	0.22%	0.06%	0.06%
H	B	0.09%	0.1%	0.09%
HGV	F	0.09%	0.05%	0.05%
HRB	C	0.34%	0.17%	0.17%
JWN	C	0.3%	0.09%	0.09%
LAD	B	0.51%	0.2%	0.2%
LANC	F	0.25%	0.06%	0.06%
LNW	F	0.54%	0.08%	0.08%
LOPE	D	0.29%	0.02%	0.02%
M	F	0.23%	0.12%	0.12%
MAT	D	0.17%	0.06%	0.06%
MIDD	C	0.33%	0.02%	0.02%
MSM	D	0.08%	0.04%	0.04%
MTN	D	0.09%	0.15%	0.09%
MUSA	D	0.21%	0.21%	0.21%
OLLI	C	0.24%	0.24%	0.24%
PFGC	B	0.32%	0.2%	0.2%
PK	D	0.1%	0.02%	0.02%
PLNT	C	0.24%	0.28%	0.24%
PVH	D	0.24%	0.02%	0.02%
RH	C	0.23%	0.2%	0.2%
SCI	C	0.23%	0.11%	0.11%
SFM	B	0.4%	0.35%	0.35%
SKX	C	0.25%	0.13%	0.13%
TKO	A	0.31%	0.04%	0.04%
TNL	C	0.1%	0.07%	0.07%
TOL	A	0.47%	0.15%	0.15%
TPX	B	0.17%	0.14%	0.14%
TXRH	B	0.58%	0.43%	0.43%
USFD	C	0.33%	0.24%	0.24%
VAC	D	0.08%	0.05%	0.05%
VVV	D	0.09%	0.1%	0.09%
WEN	C	0.58%	0.09%	0.09%
WH	B	0.1%	0.18%	0.1%
WING	C	0.58%	0.55%	0.55%
WSM	C	0.21%	0.63%	0.21%

SMDY Overweight 331 Positions Relative to IEDI

Symbol	Grade	Weight
SMG	B	2.01%
FYBR	C	1.55%
DOCS	B	1.52%
CIEN	B	1.42%
LITE	B	1.41%
IRDM	C	1.23%
ZD	D	0.98%
DT	C	0.84%
SBRA	C	0.73%
OHI	C	0.69%
QLYS	D	0.67%
THC	C	0.66%
ACHC	D	0.65%
COKE	C	0.53%
DLB	D	0.52%
UTHR	B	0.5%
ERIE	B	0.5%
AMKR	F	0.48%
EXEL	C	0.48%
PAG	D	0.47%
POST	B	0.47%
TMHC	B	0.46%
KBH	C	0.46%
ILMN	D	0.45%
MTSI	C	0.45%
BRBR	B	0.45%
HALO	D	0.45%
CRUS	D	0.44%
SF	B	0.43%
WBS	C	0.43%
SLAB	D	0.42%
IBKR	B	0.42%
RGEN	F	0.42%
PSTG	F	0.41%
CNO	C	0.41%
ONTO	C	0.4%
SRPT	F	0.4%
CYTK	F	0.39%
ASB	D	0.39%
NVST	D	0.39%
PRGO	F	0.39%
GMED	D	0.39%
CVLT	B	0.38%
LSCC	D	0.38%
PRI	B	0.38%
JAZZ	D	0.38%
POWI	F	0.37%
UNM	B	0.37%
MANH	B	0.37%
LIVN	D	0.36%
ALGM	D	0.36%
MKSI	F	0.36%
FNF	B	0.35%
PCTY	D	0.35%
WEX	C	0.35%
SYNA	D	0.35%
ENOV	F	0.35%
GHC	B	0.35%
KMPR	D	0.34%
MTG	B	0.34%
RNR	B	0.34%
PPC	D	0.34%
DBX	C	0.34%
NBIX	F	0.34%
INGR	B	0.33%
HAE	D	0.33%
BHF	F	0.33%
AZTA	F	0.33%
FAF	B	0.33%
AMG	C	0.33%
BMRN	F	0.33%
EQH	C	0.33%
ESNT	B	0.32%
ESAB	C	0.32%
TGNA	C	0.32%
BLKB	C	0.32%
FHI	B	0.32%
JHG	B	0.32%
NXST	D	0.31%
MEDP	F	0.31%
ARWR	F	0.31%
MORN	C	0.31%
RMBS	F	0.3%
VOYA	B	0.3%
NYT	B	0.3%
RGA	C	0.3%
CG	C	0.3%
LECO	D	0.29%
SEIC	B	0.29%
APPF	C	0.29%
MMS	B	0.29%
SAM	D	0.28%
TEX	F	0.28%
ALTR	C	0.28%
DAR	F	0.28%
NWE	A	0.27%
PNM	B	0.27%
IDA	B	0.27%
WMG	D	0.27%
OGE	B	0.27%
MSA	D	0.27%
WU	C	0.27%
AGCO	D	0.26%
TDC	D	0.26%
HQY	C	0.26%
ST	D	0.26%
POR	B	0.26%
EEFT	F	0.26%
OSK	F	0.26%
SLM	C	0.26%
TTC	F	0.25%
OGS	B	0.25%
OPCH	C	0.25%
EHC	B	0.25%
NSP	F	0.25%
AYI	B	0.24%
SHC	C	0.24%
VNT	F	0.24%
ORA	B	0.24%
CGNX	F	0.24%
DTM	C	0.24%
ALE	A	0.24%
BKH	B	0.24%
ZI	D	0.24%
THO	C	0.24%
HOG	C	0.24%
BC	C	0.23%
UGI	B	0.23%
KEX	C	0.23%
NFG	B	0.23%
SAIC	C	0.23%
IPGP	D	0.23%
NJR	C	0.23%
G	C	0.23%
SR	B	0.23%
EXLS	B	0.23%
AMED	D	0.23%
ALLY	F	0.22%
NSA	C	0.22%
CELH	F	0.22%
AM	B	0.22%
CUBE	C	0.22%
PII	D	0.22%
JEF	C	0.22%
RYAN	C	0.21%
WTRG	D	0.21%
SWX	C	0.21%
LFUS	C	0.21%
ELS	D	0.21%
IRT	C	0.21%
THG	C	0.2%
ENS	C	0.2%
CNXC	F	0.2%
AMH	D	0.2%
LNTH	D	0.2%
CLH	C	0.19%
MP	C	0.19%
ORI	B	0.19%
GNTX	D	0.19%
KNX	C	0.19%
CACI	B	0.19%
BCO	B	0.19%
PEN	D	0.19%
VC	F	0.19%
DINO	F	0.18%
LII	C	0.18%
GXO	D	0.18%
SRCL	B	0.18%
NVT	C	0.18%
LSTR	D	0.18%
SAIA	D	0.18%
RGLD	C	0.18%
XPO	D	0.18%
AVTR	C	0.18%
XRAY	D	0.18%
UAA	C	0.17%
WHR	C	0.17%
AFG	C	0.17%
JLL	B	0.17%
CMC	D	0.17%
KD	F	0.17%
EXPO	B	0.17%
RS	D	0.17%
CHX	F	0.17%
FLR	D	0.17%
RBA	D	0.17%
R	C	0.17%
FIX	B	0.17%
HLI	C	0.17%
EVR	B	0.17%
BRKR	D	0.16%
RCM	C	0.16%
EXP	B	0.16%
TTEK	C	0.16%
FCN	C	0.16%
NOV	F	0.16%
KNF	C	0.16%
ACM	B	0.16%
UA	C	0.16%
KNSL	D	0.16%
MTZ	C	0.16%
X	F	0.16%
RLI	B	0.16%
EME	B	0.15%
COHR	C	0.15%
PBF	F	0.15%
YETI	D	0.15%
AA	C	0.15%
SIGI	D	0.15%
NOVT	D	0.14%
KBR	D	0.14%
PCH	C	0.14%
MDU	B	0.14%
MAN	C	0.14%
UMBF	C	0.14%
LPX	B	0.14%
VNO	B	0.14%
PGNY	F	0.14%
BDC	B	0.14%
ASGN	D	0.14%
GATX	D	0.14%
MASI	C	0.14%
GLPI	C	0.14%
NEOG	D	0.14%
TCBI	C	0.13%
VAL	F	0.13%
RYN	C	0.13%
CLF	F	0.13%
OLED	D	0.13%
WFRD	F	0.13%
CFR	C	0.12%
CUZ	C	0.12%
WTFC	C	0.12%
HWC	D	0.12%
TREX	F	0.12%
CBSH	D	0.12%
RPM	B	0.11%
AVNT	B	0.11%
KRC	C	0.11%
FHN	D	0.11%
DCI	C	0.1%
AAON	B	0.1%
VSH	F	0.1%
GGG	C	0.1%
LEA	D	0.1%
AXTA	B	0.1%
WTS	C	0.1%
RBC	B	0.1%
FLS	C	0.1%
CBT	B	0.1%
SSD	C	0.09%
CSL	B	0.09%
FR	C	0.09%
CNX	B	0.09%
HXL	F	0.09%
RRX	C	0.09%
HELE	D	0.09%
VMI	C	0.09%
ATR	B	0.09%
WLK	C	0.09%
ADNT	D	0.09%
WWD	C	0.08%
ARW	B	0.08%
BWXT	A	0.08%
BRX	C	0.08%
ADC	C	0.08%
OC	C	0.08%
FFIN	C	0.08%
EGP	C	0.08%
VLY	D	0.08%
WMS	D	0.08%
NEU	D	0.08%
AIT	B	0.08%
STAG	D	0.08%
ALV	F	0.08%
ITT	B	0.08%
CW	B	0.08%
COLB	B	0.08%
GTLS	F	0.08%
TKR	C	0.08%
REXR	C	0.08%
SSB	C	0.08%
TPL	C	0.08%
OLN	D	0.08%
WPC	C	0.08%
ASH	F	0.08%
OZK	F	0.07%
CACC	F	0.07%
PR	F	0.07%
ZION	D	0.07%
HOMB	D	0.07%
ONB	D	0.07%
SNX	C	0.07%
CADE	C	0.07%
UFPI	C	0.07%
SWN	C	0.07%
UBSI	D	0.07%
NNN	B	0.07%
SNV	D	0.07%
EWBC	C	0.07%
CR	B	0.07%
AVT	B	0.07%
GBCI	C	0.07%
KRG	C	0.07%
GT	F	0.07%
CC	D	0.07%
EPR	C	0.07%
LAMR	B	0.07%
PB	D	0.07%
PNFP	C	0.07%
CHRD	F	0.06%
CIVI	F	0.06%
CNM	F	0.06%
CCK	B	0.06%
WCC	C	0.06%
AR	C	0.06%
BERY	B	0.06%
SLGN	B	0.06%
OVV	F	0.06%
RRC	D	0.06%
STWD	B	0.06%
FNB	D	0.06%
MUR	F	0.06%
CHK	C	0.06%
IBOC	D	0.06%
MTDR	F	0.06%
SON	D	0.05%
GEF	C	0.05%
GPK	C	0.05%
WOLF	F	0.04%
WSO	C	0.04%

SMDY Underweight 140 Positions Relative to IEDI

Symbol	Grade	Weight
HD	B	-12.19%
COST	C	-8.82%
AMZN	C	-7.98%
WMT	B	-7.5%
LOW	B	-4.2%
TJX	C	-4.11%
CMG	D	-3.41%
ORLY	B	-2.37%
ROST	C	-2.15%
TGT	C	-2.11%
SBUX	C	-1.84%
MCD	B	-1.61%
AZO	B	-1.43%
NKE	D	-1.43%
MAR	B	-1.12%
HLT	B	-1.03%
UBER	C	-1.01%
TSCO	B	-0.98%
KR	B	-0.96%
ULTA	D	-0.87%
CTAS	C	-0.85%
V	C	-0.79%
YUM	B	-0.78%
DRI	C	-0.78%
DASH	B	-0.74%
DG	F	-0.69%
META	B	-0.59%
DLTR	F	-0.55%
FERG	D	-0.55%
PG	C	-0.53%
DECK	C	-0.53%
INTU	D	-0.5%
SQ	D	-0.45%
ABNB	D	-0.44%
DPZ	D	-0.44%
RCL	B	-0.41%
PYPL	B	-0.38%
MA	B	-0.38%
CPRT	D	-0.37%
BBY	A	-0.33%
KMX	D	-0.33%
SYY	C	-0.32%
STZ	C	-0.32%
DIS	D	-0.3%
CVNA	B	-0.29%
DKNG	C	-0.28%
CAVA	C	-0.26%
GWW	B	-0.23%
EXPE	C	-0.23%
BBWI	D	-0.23%
EBAY	B	-0.21%
FAST	C	-0.21%
TPR	A	-0.2%
CCL	C	-0.19%
ASO	D	-0.18%
POOL	C	-0.18%
LUV	C	-0.17%
MGM	D	-0.17%
MCK	F	-0.17%
BOOT	B	-0.17%
ACI	F	-0.16%
LYV	A	-0.16%
GDDY	C	-0.16%
UPS	D	-0.16%
AAPL	C	-0.15%
CZR	C	-0.15%
HST	D	-0.15%
TSN	D	-0.15%
TOST	C	-0.15%
FDX	D	-0.15%
MAS	B	-0.13%
EAT	C	-0.13%
KTB	B	-0.13%
SHAK	C	-0.12%
SIG	C	-0.12%
PINS	D	-0.12%
W	C	-0.12%
RL	B	-0.12%
FRPT	C	-0.12%
NCLH	B	-0.12%
CL	C	-0.11%
NFLX	B	-0.11%
AEO	D	-0.11%
GPC	D	-0.11%
SHOO	B	-0.11%
ABG	D	-0.11%
Z	C	-0.11%
SITE	D	-0.1%
WYNN	C	-0.1%
BFAM	C	-0.1%
VFC	B	-0.1%
PH	B	-0.1%
URBN	F	-0.09%
LULU	D	-0.09%
VICI	C	-0.09%
DHI	C	-0.09%
PZZA	D	-0.08%
FL	F	-0.08%
RHP	C	-0.08%
FCFS	D	-0.08%
WBA	F	-0.08%
IPG	C	-0.08%
UAL	B	-0.07%
AAP	F	-0.07%
ALK	B	-0.07%
RRR	D	-0.07%
KSS	D	-0.07%
ETSY	D	-0.07%
GO	F	-0.06%
MSGS	B	-0.06%
MTCH	C	-0.06%
LYFT	D	-0.06%
CAKE	B	-0.06%
SNAP	D	-0.06%
RHI	D	-0.05%
HON	C	-0.05%
IAC	C	-0.05%
INVH	D	-0.05%
ROL	C	-0.05%
APLE	C	-0.04%
CBRL	D	-0.04%
AAL	D	-0.04%
BLMN	F	-0.04%
DDS	D	-0.03%
UHAL	B	-0.03%
JACK	F	-0.03%
TTWO	D	-0.03%
HOOD	C	-0.03%
GIS	B	-0.03%
OMC	B	-0.03%
FOUR	C	-0.03%
PRKS	D	-0.03%
OXM	F	-0.02%
CLX	C	-0.02%
DRVN	C	-0.02%
ZTS	B	-0.02%
MKC	C	-0.02%
VSTS	D	-0.02%
IPAR	D	-0.02%
SNA	B	-0.01%