SMDY vs. SMLV ETF Comparison

Comparison of Syntax Stratified MidCap ETF (SMDY) to SPDR Russell 2000 Low Volatility (SMLV)

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

$42.10

Average Daily Volume

224

Number of Holdings ^*

390

* may have additional holdings in another (foreign) market

SMLV

SPDR Russell 2000 Low Volatility

SMLV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of a small cap, low volatility index. The fund employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index includes small cap U.S. equity securities, including business development companies, and is designed to deliver exposure to low volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$109.81

Average Daily Volume

4,685

Number of Holdings ^*

411

* may have additional holdings in another (foreign) market

Performance

Period	SMDY	SMLV
30 Days	-1.57%	0.13%
60 Days	1.11%	1.28%
90 Days	-3.39%	1.58%
12 Months	9.82%	8.83%

53 Overlapping Holdings

Symbol	Grade	Weight in SMDY	Weight in SMLV	Overlap
AIRC	A	0.2%	0.23%	0.2%
AMED	A	0.24%	0.06%	0.06%
ASGN	D	0.15%	0.05%	0.05%
ASH	D	0.1%	0.13%	0.1%
AVT	C	0.07%	0.09%	0.07%
AZTA	D	0.38%	0.03%	0.03%
BKH	C	0.23%	0.22%	0.22%
BLKB	C	0.32%	0.1%	0.1%
CACC	C	0.07%	0.08%	0.07%
CNO	B	0.35%	1.0%	0.35%
CNXC	C	0.21%	0.06%	0.06%
COLM	D	0.29%	0.14%	0.14%
CRI	F	0.29%	0.07%	0.07%
CUZ	D	0.1%	0.1%	0.1%
CVLT	A	0.32%	0.12%	0.12%
ENS	B	0.22%	0.09%	0.09%
EXPO	B	0.15%	0.14%	0.14%
FFIN	C	0.07%	1.01%	0.07%
FLO	D	0.29%	0.34%	0.29%
GATX	C	0.15%	0.13%	0.13%
GBCI	C	0.06%	0.8%	0.06%
GEF	F	0.05%	0.13%	0.05%
GHC	D	0.29%	0.1%	0.1%
HAE	D	0.38%	0.06%	0.06%
HELE	F	0.15%	0.06%	0.06%
HOMB	C	0.06%	0.88%	0.06%
IBOC	C	0.06%	1.04%	0.06%
IDA	D	0.26%	0.25%	0.25%
IPGP	F	0.29%	0.05%	0.05%
IRDM	F	1.19%	0.05%	0.05%
IRT	A	0.2%	0.11%	0.11%
LIVN	C	0.41%	0.06%	0.06%
LOPE	C	0.29%	0.09%	0.09%
NEOG	C	0.15%	0.05%	0.05%
NFG	D	0.22%	0.54%	0.22%
NVST	F	0.37%	0.05%	0.05%
NWE	D	0.25%	0.25%	0.25%
ONB	C	0.07%	1.33%	0.07%
PCH	F	0.13%	0.09%	0.09%
PNM	D	0.25%	0.23%	0.23%
POWI	F	0.44%	0.07%	0.07%
PRGO	D	0.4%	0.07%	0.07%
SLGN	D	0.05%	0.2%	0.05%
SR	C	0.23%	0.21%	0.21%
SRCL	A	0.18%	0.11%	0.11%
TGNA	D	0.31%	0.12%	0.12%
THG	C	0.17%	1.53%	0.17%
VAL	C	0.18%	0.12%	0.12%
VMI	B	0.09%	0.13%	0.09%
VSH	F	0.12%	0.08%	0.08%
WEN	F	0.6%	0.11%	0.11%
WU	D	0.29%	1.02%	0.29%
ZD	F	1.15%	0.07%	0.07%

SMDY Overweight 337 Positions Relative to SMLV

Symbol	Grade	Weight
COTY	F	1.8%
SMG	D	1.78%
LITE	B	1.22%
FYBR	B	1.21%
CIEN	C	1.21%
DOCS	B	1.09%
QLYS	D	0.82%
DT	F	0.75%
LNW	B	0.67%
AMKR	B	0.65%
WING	A	0.63%
SBRA	A	0.62%
ACHC	F	0.61%
OHI	A	0.61%
TXRH	B	0.61%
DLB	C	0.6%
ARMK	B	0.6%
THC	B	0.59%
PSTG	B	0.57%
SRPT	B	0.55%
MTSI	B	0.5%
CRUS	A	0.49%
COKE	A	0.49%
ONTO	B	0.48%
UTHR	A	0.48%
RMBS	C	0.47%
ALGM	F	0.47%
MKSI	B	0.46%
BRBR	C	0.46%
LAD	D	0.45%
LSCC	F	0.45%
POST	C	0.45%
PAG	D	0.45%
SLAB	F	0.44%
CAR	F	0.44%
EXEL	B	0.44%
SYNA	F	0.44%
HALO	A	0.44%
CYTK	D	0.43%
BMRN	C	0.43%
MEDP	B	0.42%
NBIX	C	0.42%
CELH	F	0.42%
AN	C	0.42%
ARWR	C	0.42%
WBS	C	0.41%
GMED	B	0.41%
RGEN	F	0.4%
ASB	C	0.4%
KBH	C	0.4%
IBKR	A	0.4%
SF	A	0.4%
JAZZ	F	0.4%
TMHC	D	0.39%
ENOV	F	0.39%
ILMN	F	0.39%
TOL	D	0.38%
BHF	D	0.36%
PRI	B	0.36%
ERIE	C	0.35%
UNM	C	0.35%
MANH	B	0.34%
APPF	B	0.34%
KMPR	C	0.34%
EQH	B	0.34%
TDC	D	0.33%
ELF	B	0.33%
DBX	D	0.33%
ZI	F	0.32%
SAM	C	0.32%
SFM	A	0.32%
ALTR	B	0.32%
PPC	A	0.32%
MORN	B	0.31%
DUOL	D	0.31%
AMG	D	0.31%
BURL	B	0.31%
HRB	A	0.31%
MSA	B	0.31%
NXST	C	0.31%
TEX	D	0.3%
BJ	B	0.3%
VOYA	D	0.3%
FAF	D	0.3%
NYT	A	0.3%
RGA	B	0.3%
FNF	D	0.3%
MIDD	F	0.3%
MMS	C	0.3%
HQY	A	0.3%
ESNT	B	0.3%
PCTY	F	0.3%
M	D	0.3%
CGNX	B	0.3%
CG	D	0.3%
USFD	C	0.3%
LECO	F	0.3%
CPRI	D	0.3%
DAR	D	0.3%
JHG	B	0.3%
WEX	D	0.3%
RNR	C	0.3%
FHI	C	0.3%
ESAB	D	0.3%
MTG	B	0.3%
WMG	D	0.29%
ST	D	0.29%
FIVE	F	0.29%
NSP	F	0.29%
LANC	C	0.29%
PFGC	D	0.29%
INGR	D	0.29%
DKS	C	0.29%
EEFT	D	0.29%
OSK	D	0.29%
VNT	D	0.29%
SEIC	D	0.29%
JWN	B	0.29%
PVH	F	0.28%
CROX	B	0.28%
AGCO	F	0.28%
TTC	B	0.28%
GPS	B	0.28%
SKX	C	0.28%
ALLY	B	0.27%
SLM	C	0.27%
GME	C	0.26%
OLLI	A	0.25%
ALE	B	0.25%
PGNY	D	0.25%
ORA	C	0.25%
POR	C	0.25%
OGE	D	0.25%
OPCH	F	0.24%
EHC	B	0.24%
AM	B	0.23%
PBF	D	0.23%
HOG	F	0.23%
CASY	B	0.23%
PLNT	B	0.23%
OGS	C	0.23%
DTM	A	0.23%
KEX	B	0.23%
CHE	D	0.23%
GNTX	D	0.22%
SCI	C	0.22%
SWX	D	0.22%
LFUS	C	0.22%
MUSA	B	0.22%
UGI	D	0.22%
WTRG	D	0.22%
THO	D	0.22%
NJR	C	0.22%
VC	F	0.22%
DINO	D	0.22%
PII	F	0.22%
ETRN	D	0.21%
EXLS	B	0.21%
BC	F	0.21%
NVT	D	0.21%
WSM	C	0.21%
AYI	D	0.21%
NSA	B	0.2%
CUBE	B	0.2%
KD	B	0.2%
G	D	0.2%
SAIC	D	0.2%
AMH	A	0.2%
ELS	C	0.2%
PEN	F	0.19%
BCO	B	0.19%
JEF	A	0.19%
XRAY	F	0.19%
NOV	C	0.19%
WFRD	C	0.19%
CHX	C	0.19%
CACI	B	0.19%
WHR	C	0.18%
CLH	B	0.18%
CMC	C	0.18%
LSTR	B	0.18%
SHC	C	0.18%
SAIA	B	0.18%
GXO	D	0.18%
KNX	C	0.18%
KNSL	C	0.17%
RLI	D	0.17%
RS	D	0.17%
CLF	D	0.17%
FLR	B	0.17%
X	C	0.17%
SIGI	D	0.17%
RBA	B	0.17%
AFG	D	0.17%
AA	C	0.17%
RGLD	C	0.17%
ORI	D	0.17%
XPO	C	0.17%
BRKR	F	0.16%
YETI	D	0.16%
MP	F	0.16%
LII	B	0.16%
LNTH	B	0.16%
RH	D	0.16%
JLL	B	0.15%
EVR	A	0.15%
RCM	B	0.15%
MTZ	C	0.15%
KBR	D	0.15%
ACM	D	0.15%
FIX	D	0.15%
UA	D	0.15%
UAA	D	0.15%
R	B	0.15%
MAT	F	0.15%
TTEK	C	0.15%
HLI	A	0.15%
TPX	D	0.15%
FCN	C	0.15%
MASI	D	0.15%
GLPI	C	0.14%
EME	C	0.14%
FND	F	0.14%
TREX	F	0.14%
MAN	D	0.14%
BLD	D	0.14%
RYN	D	0.13%
COHR	B	0.13%
OLED	A	0.13%
NOVT	C	0.13%
KNF	D	0.13%
MDU	C	0.13%
CHDN	B	0.13%
BYD	F	0.13%
UMBF	C	0.12%
CBSH	C	0.12%
WTFC	C	0.12%
FHN	C	0.12%
LPX	D	0.12%
TCBI	C	0.12%
CFR	C	0.12%
HWC	C	0.12%
BDC	C	0.12%
EXP	F	0.12%
ALV	D	0.11%
GT	F	0.11%
LEA	F	0.11%
ADNT	F	0.11%
WOLF	F	0.11%
CBT	D	0.1%
AXTA	D	0.1%
KRC	D	0.1%
DCI	D	0.1%
HGV	D	0.1%
WLK	D	0.1%
GGG	D	0.1%
MTN	F	0.1%
H	B	0.1%
GTLS	F	0.1%
AVNT	D	0.1%
VNO	B	0.1%
TNL	C	0.1%
PK	C	0.1%
WTS	D	0.1%
FLS	D	0.1%
WH	C	0.1%
HXL	D	0.1%
VVV	B	0.1%
CHH	B	0.1%
ATR	D	0.09%
RBC	C	0.09%
NEU	D	0.09%
SSD	F	0.09%
WMS	D	0.09%
CC	F	0.09%
OLN	F	0.09%
RPM	D	0.09%
VAC	F	0.09%
CW	C	0.08%
MSM	F	0.08%
CR	C	0.08%
CHRD	C	0.08%
FR	C	0.08%
BWXT	B	0.08%
EGP	B	0.08%
REXR	C	0.08%
CIVI	D	0.08%
PR	C	0.08%
STAG	B	0.08%
MUR	D	0.08%
WPC	D	0.08%
MTDR	D	0.08%
OC	C	0.08%
CSL	C	0.08%
AAON	B	0.08%
TKR	D	0.08%
OZK	D	0.07%
SSB	D	0.07%
ADC	B	0.07%
KRG	B	0.07%
NNN	B	0.07%
EPR	C	0.07%
BRX	B	0.07%
WSO	C	0.07%
SNX	D	0.07%
WCC	D	0.07%
LAMR	A	0.07%
TPL	B	0.07%
CHK	D	0.07%
RRC	D	0.07%
RRX	F	0.07%
ARW	D	0.07%
SWN	D	0.07%
AR	D	0.07%
CNM	D	0.07%
CNX	D	0.07%
AIT	C	0.07%
ITT	D	0.07%
WWD	C	0.07%
OVV	C	0.07%
UFPI	D	0.06%
BERY	D	0.06%
STWD	D	0.06%
NYCB	F	0.06%
EWBC	C	0.06%
UBSI	D	0.06%
VLY	D	0.06%
ZION	C	0.06%
SNV	A	0.06%
CADE	C	0.06%
FNB	C	0.06%
COLB	C	0.06%
PNFP	C	0.06%
PB	C	0.06%
SON	F	0.05%
GPK	D	0.05%
CCK	F	0.05%

SMDY Underweight 358 Positions Relative to SMLV

Symbol	Grade	Weight
NNI	C	-1.76%
PJT	A	-1.56%
CBU	C	-1.35%
ESGR	A	-1.32%
NBTB	B	-1.24%
PRK	A	-1.24%
VIRT	B	-1.23%
CHCO	B	-1.23%
MGRC	D	-1.14%
NBHC	A	-1.11%
NWBI	B	-1.09%
HMN	D	-1.08%
GCMG	B	-1.05%
BUSE	C	-1.01%
TOWN	C	-1.0%
WABC	C	-0.97%
FULT	C	-0.95%
TRMK	C	-0.93%
RDN	B	-0.92%
FCF	C	-0.89%
SYBT	B	-0.89%
SAFT	D	-0.88%
AGM	C	-0.88%
BLX	C	-0.88%
EFSC	B	-0.87%
EIG	C	-0.85%
STBA	B	-0.84%
WAFD	C	-0.83%
NIC	C	-0.83%
WSBC	C	-0.82%
SASR	B	-0.81%
LKFN	C	-0.81%
CVII	B	-0.79%
EQC	B	-0.78%
EVTC	F	-0.78%
PEBO	C	-0.78%
PAX	F	-0.76%
GABC	B	-0.76%
QCRH	C	-0.75%
SRCE	B	-0.72%
SFNC	C	-0.71%
OBK	C	-0.69%
AMSF	F	-0.65%
SBSI	C	-0.61%
BFC	C	-0.58%
BRKL	D	-0.58%
CTBI	C	-0.58%
FBMS	C	-0.56%
CFFN	B	-0.53%
TRIN	D	-0.52%
FMBH	C	-0.52%
UVSP	A	-0.51%
BHRB	D	-0.49%
TMP	C	-0.48%
HFWA	D	-0.47%
FCBC	B	-0.44%
TRST	C	-0.41%
CATC	B	-0.4%
GSBC	B	-0.38%
SLAM	A	-0.36%
CAC	B	-0.36%
MCBS	B	-0.36%
AROW	B	-0.34%
FMNB	C	-0.34%
HTBI	B	-0.33%
HONE	B	-0.33%
CCNE	B	-0.32%
DHIL	D	-0.32%
EBF	B	-0.32%
THFF	D	-0.32%
MCBC	A	-0.31%
OKLO	F	-0.31%
BHB	C	-0.3%
NFBK	C	-0.28%
ALRS	D	-0.28%
CCBG	B	-0.28%
GLRE	C	-0.27%
ESQ	D	-0.26%
KRNY	C	-0.26%
SPFI	C	-0.25%
ARTNA	F	-0.25%
SMBK	B	-0.25%
MPB	C	-0.24%
AGX	B	-0.24%
SBR	B	-0.24%
HBCP	B	-0.22%
FBIZ	B	-0.22%
ACNB	B	-0.22%
NHC	A	-0.22%
FMAO	B	-0.22%
PFIS	B	-0.22%
BSRR	A	-0.22%
FSBC	B	-0.21%
ORRF	C	-0.21%
CPK	C	-0.21%
PECO	C	-0.21%
HIFS	C	-0.21%
GNTY	B	-0.2%
CZNC	D	-0.2%
NWN	F	-0.2%
WTBA	B	-0.2%
NPK	D	-0.2%
MGEE	D	-0.2%
DEA	B	-0.19%
BWB	C	-0.19%
JJSF	B	-0.18%
GTY	D	-0.18%
FSBW	B	-0.18%
FNLC	B	-0.18%
PSTL	D	-0.18%
GPOR	D	-0.18%
TRC	C	-0.18%
SXT	D	-0.18%
FLIC	C	-0.17%
FRST	C	-0.17%
WSBF	B	-0.17%
TRS	D	-0.17%
HTLD	C	-0.17%
EBTC	D	-0.17%
ICFI	D	-0.16%
VLGEA	C	-0.16%
CTO	A	-0.16%
CBNK	C	-0.15%
AFCG	B	-0.15%
HSTM	B	-0.15%
CSR	B	-0.15%
SCL	D	-0.15%
WERN	F	-0.15%
NTST	D	-0.15%
UTMD	F	-0.15%
BRC	B	-0.15%
FELE	D	-0.15%
PBH	B	-0.15%
LXP	B	-0.15%
CSWI	B	-0.15%
ARKO	C	-0.15%
JBSS	D	-0.14%
PKE	D	-0.14%
GENC	D	-0.14%
MRTN	C	-0.14%
BMI	D	-0.14%
LTC	A	-0.14%
BNL	B	-0.14%
CBZ	D	-0.14%
NHI	A	-0.13%
ACA	D	-0.13%
RGP	F	-0.13%
GOOD	B	-0.13%
FCPT	B	-0.13%
UNF	B	-0.13%
CALM	A	-0.13%
CHCT	F	-0.13%
SNDR	B	-0.12%
PLXS	D	-0.12%
SMP	F	-0.12%
OSIS	D	-0.12%
BCAL	D	-0.12%
GRC	B	-0.12%
HCC	A	-0.12%
FSS	D	-0.12%
UHT	B	-0.12%
LMAT	B	-0.11%
ROAD	C	-0.11%
NOMD	D	-0.11%
CASS	D	-0.11%
HNI	C	-0.11%
KW	C	-0.11%
ESE	D	-0.11%
LNN	D	-0.11%
MWA	C	-0.11%
KREF	F	-0.11%
MLR	C	-0.11%
ADUS	B	-0.11%
HUBG	B	-0.11%
CSGS	F	-0.11%
AROC	C	-0.11%
CTRE	C	-0.11%
PINC	F	-0.11%
BHE	B	-0.11%
UFPT	A	-0.11%
SFL	C	-0.1%
WDFC	D	-0.1%
NCNO	B	-0.1%
DORM	C	-0.1%
TNC	D	-0.1%
INSM	B	-0.1%
WINA	F	-0.1%
FPI	B	-0.1%
AHH	C	-0.1%
CRC	B	-0.1%
GPRK	B	-0.1%
INVA	A	-0.1%
TRNS	D	-0.1%
GMRE	B	-0.1%
SXC	C	-0.1%
NTCT	D	-0.1%
PRGS	B	-0.1%
IOSP	D	-0.1%
HCKT	D	-0.1%
BFS	C	-0.1%
MTX	B	-0.1%
HIW	B	-0.1%
HWKN	B	-0.1%
MSGS	B	-0.1%
CMPO	B	-0.09%
AZZ	D	-0.09%
LZB	B	-0.09%
APLE	D	-0.09%
PSMT	D	-0.09%
PAHC	B	-0.09%
ACIW	A	-0.09%
PRIM	C	-0.09%
HSII	D	-0.09%
ABM	B	-0.09%
FTDR	C	-0.09%
RNGR	D	-0.09%
KFRC	D	-0.09%
DEI	C	-0.09%
JBGS	B	-0.09%
LILAK	A	-0.09%
RUSHA	F	-0.09%
DRQ	F	-0.09%
PBT	D	-0.09%
MOG.A	D	-0.09%
ALG	F	-0.09%
SHOO	C	-0.08%
ECVT	F	-0.08%
ITGR	D	-0.08%
MODN	B	-0.08%
VPG	F	-0.08%
MGIC	D	-0.08%
PRDO	D	-0.08%
CCOI	D	-0.08%
APOG	C	-0.08%
SPNS	B	-0.08%
KN	B	-0.08%
EPAC	C	-0.08%
ICUI	C	-0.08%
GLDD	C	-0.08%
SANM	B	-0.08%
RLGT	C	-0.08%
CENT	F	-0.08%
DK	D	-0.08%
DNB	D	-0.08%
HURN	C	-0.08%
PLOW	F	-0.08%
RDWR	C	-0.08%
TTMI	B	-0.08%
BBSI	B	-0.08%
KAI	B	-0.08%
ADMA	A	-0.08%
SQSP	A	-0.08%
RGR	F	-0.08%
CTS	D	-0.08%
SXI	D	-0.08%
PDCO	F	-0.07%
AIN	D	-0.07%
CABO	F	-0.07%
IART	C	-0.07%
PLUS	C	-0.07%
AMN	F	-0.07%
ITRN	D	-0.07%
CMCO	F	-0.07%
PCRX	D	-0.07%
ARCH	C	-0.07%
HOLI	C	-0.07%
ATNI	D	-0.07%
FORM	B	-0.07%
MYRG	F	-0.07%
LAUR	C	-0.07%
CNNE	D	-0.07%
WEYS	C	-0.07%
HUN	F	-0.07%
FUL	D	-0.07%
FORR	D	-0.07%
VECO	B	-0.07%
ENV	D	-0.07%
JBT	F	-0.07%
SPOK	C	-0.07%
STRA	D	-0.07%
CSV	C	-0.06%
HLF	D	-0.06%
IRMD	B	-0.06%
SHEN	C	-0.06%
USNA	F	-0.06%
MNRO	D	-0.06%
HI	F	-0.06%
CVCO	D	-0.06%
NATR	F	-0.06%
SRDX	A	-0.06%
TTGT	B	-0.06%
OMCL	F	-0.06%
GPI	D	-0.06%
VIAV	F	-0.06%
TPH	D	-0.06%
JOUT	F	-0.06%
ATEN	C	-0.06%
SCHL	D	-0.06%
AMSWA	D	-0.06%
SPB	D	-0.06%
IBEX	C	-0.06%
MEI	F	-0.06%
SCSC	D	-0.06%
AGIO	B	-0.06%
NVEC	D	-0.06%
BOX	C	-0.06%
MRCY	D	-0.06%
MMSI	A	-0.06%
AEIS	B	-0.06%
FSTR	F	-0.06%
SATS	B	-0.06%
BOWL	B	-0.06%
VRNT	B	-0.06%
AVNS	C	-0.06%
SUPN	F	-0.06%
MATW	F	-0.06%
SEM	A	-0.06%
JBI	F	-0.06%
ALRM	D	-0.05%
VREX	F	-0.05%
PTCT	C	-0.05%
NRC	F	-0.05%
IRWD	F	-0.05%
XNCR	F	-0.05%
AMPH	F	-0.05%
AAP	F	-0.05%
OGN	C	-0.05%
PZZA	F	-0.05%
ANIP	C	-0.05%
CNMD	F	-0.05%
OFIX	F	-0.05%
BL	D	-0.05%
ANIK	C	-0.05%
GKOS	A	-0.05%
ALKS	C	-0.05%
USPH	F	-0.05%
NARI	C	-0.05%
KIDS	F	-0.05%
RDNT	B	-0.05%
THRM	F	-0.05%
MTRN	F	-0.05%
WK	F	-0.05%
ATEX	B	-0.05%
CORT	B	-0.05%
OXM	D	-0.05%
MLAB	F	-0.05%
ETD	D	-0.05%
ZIP	D	-0.04%
TBPH	F	-0.04%
LEG	F	-0.04%
IMTX	B	-0.04%
HRMY	B	-0.04%
ARCO	F	-0.04%
CEVA	F	-0.04%
RARE	D	-0.03%
ATRC	D	-0.03%
CBRL	F	-0.03%
ACAD	D	-0.02%