SPSM vs. JPSE ETF Comparison

Comparison of SPDR Portfolio Small Cap ETF (SPSM) to JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE)

SPSM

SPDR Portfolio Small Cap ETF

SPSM Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Small Cap Index that tracks the performance of small capitalization exchange traded U.S. equity securities. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. It may purchase a subset of the securities in the index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.53

Average Daily Volume

1,184,294

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

JPSE

JPMorgan Diversified Return U.S. Small Cap Equity ETF

JPSE Description

The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 2000 Diversified Factor Index.

Grade (RS Rating)

Last Trade

$43.60

Average Daily Volume

49,699

Number of Holdings ^*

542

* may have additional holdings in another (foreign) market

Performance

Period	SPSM	JPSE
30 Days	0.00%	-0.22%
60 Days	0.72%	0.39%
90 Days	-3.02%	-3.11%
12 Months	8.82%	8.65%

319 Overlapping Holdings

Symbol	Grade	Weight in SPSM	Weight in JPSE	Overlap
AAT	B	0.09%	0.2%	0.09%
ABCB	C	0.27%	0.22%	0.22%
ABG	C	0.42%	0.12%	0.12%
ABM	B	0.28%	0.21%	0.21%
ABR	B	0.23%	0.2%	0.2%
ACA	D	0.36%	0.32%	0.32%
ACLS	B	0.4%	0.22%	0.22%
ADUS	B	0.17%	0.23%	0.17%
AEIS	B	0.36%	0.28%	0.28%
AEO	F	0.34%	0.1%	0.1%
AGYS	A	0.16%	0.28%	0.16%
AHCO	C	0.08%	0.09%	0.08%
AIN	F	0.23%	0.13%	0.13%
AKR	A	0.15%	0.31%	0.15%
ALEX	B	0.1%	0.14%	0.1%
ALKS	D	0.36%	0.17%	0.17%
AMPH	F	0.13%	0.21%	0.13%
AMR	F	0.31%	0.24%	0.24%
AMWD	F	0.11%	0.05%	0.05%
ANDE	D	0.13%	0.27%	0.13%
ANF	B	0.82%	0.05%	0.05%
ANIP	C	0.08%	0.21%	0.08%
AOSL	A	0.06%	0.01%	0.01%
APAM	C	0.24%	0.28%	0.24%
APLE	D	0.27%	0.25%	0.25%
APOG	C	0.12%	0.14%	0.12%
ARCB	D	0.22%	0.23%	0.22%
ARCH	F	0.25%	0.19%	0.19%
ARI	D	0.12%	0.19%	0.12%
AROC	C	0.23%	0.32%	0.23%
ASIX	D	0.05%	0.1%	0.05%
ASO	F	0.36%	0.21%	0.21%
ASTH	B	0.15%	0.21%	0.15%
ATEN	D	0.08%	0.07%	0.07%
AUB	C	0.25%	0.09%	0.09%
AVA	C	0.23%	0.29%	0.23%
AVNS	C	0.08%	0.05%	0.05%
AWR	D	0.23%	0.13%	0.13%
AX	C	0.24%	0.19%	0.19%
AZZ	D	0.2%	0.17%	0.17%
B	B	0.18%	0.05%	0.05%
BANF	C	0.11%	0.11%	0.11%
BCC	F	0.44%	0.33%	0.33%
BCPC	B	0.43%	0.31%	0.31%
BDN	D	0.07%	0.22%	0.07%
BGS	D	0.06%	0.16%	0.06%
BHE	B	0.12%	0.23%	0.12%
BKE	D	0.09%	0.27%	0.09%
BLMN	F	0.14%	0.16%	0.14%
BMI	D	0.49%	0.35%	0.35%
BRKL	D	0.06%	0.0%	0.0%
BSIG	C	0.06%	0.13%	0.06%
BXMT	C	0.27%	0.18%	0.18%
CAL	D	0.1%	0.02%	0.02%
CALM	B	0.21%	0.33%	0.21%
CARG	B	0.19%	0.22%	0.19%
CARS	C	0.11%	0.07%	0.07%
CASH	B	0.12%	0.07%	0.07%
CATY	B	0.23%	0.16%	0.16%
CCOI	D	0.2%	0.21%	0.2%
CCRN	F	0.04%	0.05%	0.04%
CCS	D	0.2%	0.11%	0.11%
CEIX	B	0.23%	0.24%	0.23%
CENTA	F	0.16%	0.16%	0.16%
CHCO	B	0.13%	0.06%	0.06%
CHCT	D	0.05%	0.07%	0.05%
CHUY	F	0.04%	0.0%	0.0%
CLW	C	0.07%	0.27%	0.07%
CNMD	F	0.18%	0.16%	0.16%
CNS	B	0.16%	0.06%	0.06%
CNSL	B	0.03%	0.11%	0.03%
CNXN	C	0.06%	0.16%	0.06%
COHU	B	0.13%	0.25%	0.13%
COLL	D	0.09%	0.26%	0.09%
COOP	C	0.46%	0.36%	0.36%
CORT	B	0.22%	0.26%	0.22%
CPK	C	0.2%	0.31%	0.2%
CPRX	C	0.15%	0.27%	0.15%
CRC	B	0.28%	0.19%	0.19%
CRK	C	0.09%	0.17%	0.09%
CRS	B	0.43%	0.4%	0.4%
CRVL	C	0.2%	0.32%	0.2%
CSGS	F	0.1%	0.12%	0.1%
CTRE	C	0.28%	0.34%	0.28%
CTS	B	0.14%	0.22%	0.14%
CVI	F	0.07%	0.15%	0.07%
CWT	C	0.24%	0.19%	0.19%
CXW	D	0.11%	0.18%	0.11%
DEA	B	0.1%	0.21%	0.1%
DEI	C	0.2%	0.2%	0.2%
DFIN	D	0.13%	0.07%	0.07%
DGII	D	0.07%	0.17%	0.07%
DIOD	D	0.29%	0.23%	0.23%
DNOW	C	0.12%	0.07%	0.07%
DORM	B	0.23%	0.06%	0.06%
DRH	D	0.15%	0.21%	0.15%
DVAX	F	0.13%	0.2%	0.13%
DXPE	D	0.05%	0.02%	0.02%
ECPG	D	0.08%	0.05%	0.05%
EFC	B	0.08%	0.27%	0.08%
EIG	C	0.09%	0.16%	0.09%
ENR	C	0.17%	0.27%	0.17%
ENSG	B	0.6%	0.31%	0.31%
ENVA	C	0.15%	0.23%	0.15%
EPC	B	0.17%	0.31%	0.17%
EPRT	A	0.37%	0.32%	0.32%
ETD	D	0.06%	0.25%	0.06%
EVTC	F	0.19%	0.12%	0.12%
EXPI	D	0.07%	0.17%	0.07%
EXTR	C	0.14%	0.22%	0.14%
FBP	A	0.26%	0.14%	0.14%
FCF	C	0.12%	0.06%	0.06%
FCPT	B	0.19%	0.27%	0.19%
FDP	F	0.06%	0.19%	0.06%
FELE	D	0.34%	0.29%	0.29%
FFBC	C	0.18%	0.1%	0.1%
FIZZ	B	0.1%	0.29%	0.1%
FLGT	F	0.04%	0.1%	0.04%
FN	B	0.81%	0.36%	0.36%
FORM	B	0.41%	0.41%	0.41%
FSS	D	0.45%	0.23%	0.23%
FUL	D	0.37%	0.3%	0.3%
FULT	C	0.26%	0.13%	0.13%
FWRD	D	0.06%	0.04%	0.04%
GEO	C	0.14%	0.34%	0.14%
GFF	D	0.22%	0.17%	0.17%
GMS	F	0.31%	0.26%	0.26%
GNW	D	0.24%	0.29%	0.24%
GOGO	D	0.05%	0.17%	0.05%
GPI	D	0.36%	0.31%	0.31%
GRBK	B	0.13%	0.21%	0.13%
GTY	D	0.11%	0.15%	0.11%
HASI	C	0.3%	0.24%	0.24%
HAYN	C	0.06%	0.17%	0.06%
HCC	D	0.3%	0.32%	0.3%
HCSG	D	0.07%	0.04%	0.04%
HI	F	0.26%	0.22%	0.22%
HIBB	A	0.09%	0.23%	0.09%
HLIT	B	0.11%	0.27%	0.11%
HLX	B	0.13%	0.24%	0.13%
HMN	F	0.12%	0.04%	0.04%
HNI	C	0.18%	0.21%	0.18%
HOPE	C	0.11%	0.14%	0.11%
HPP	F	0.05%	0.1%	0.05%
HRMY	C	0.08%	0.1%	0.08%
HSII	C	0.06%	0.06%	0.06%
HTH	C	0.12%	0.26%	0.12%
HUBG	B	0.24%	0.06%	0.06%
HVT	F	0.03%	0.17%	0.03%
IBP	D	0.43%	0.28%	0.28%
ICHR	C	0.1%	0.11%	0.1%
IDCC	B	0.26%	0.34%	0.26%
IIPR	B	0.27%	0.34%	0.27%
INN	D	0.05%	0.09%	0.05%
INVA	B	0.08%	0.28%	0.08%
IOSP	C	0.27%	0.31%	0.27%
IPAR	D	0.17%	0.11%	0.11%
IRWD	F	0.07%	0.14%	0.07%
ITGR	C	0.33%	0.33%	0.33%
JBSS	F	0.08%	0.24%	0.08%
JJSF	B	0.23%	0.3%	0.23%
JOE	D	0.17%	0.31%	0.17%
JXN	C	0.44%	0.39%	0.39%
KALU	D	0.12%	0.17%	0.12%
KFY	B	0.31%	0.15%	0.15%
KLIC	B	0.23%	0.26%	0.23%
KOP	F	0.07%	0.22%	0.07%
KREF	F	0.05%	0.07%	0.05%
KWR	D	0.21%	0.2%	0.2%
LBRT	D	0.27%	0.19%	0.19%
LCII	F	0.22%	0.13%	0.13%
LGND	B	0.11%	0.23%	0.11%
LPG	D	0.13%	0.23%	0.13%
LTC	A	0.12%	0.3%	0.12%
LUMN	F	0.09%	0.14%	0.09%
LXP	B	0.23%	0.21%	0.21%
LZB	B	0.15%	0.27%	0.15%
MAC	C	0.28%	0.27%	0.27%
MATV	D	0.08%	0.21%	0.08%
MATX	A	0.37%	0.34%	0.34%
MC	C	0.31%	0.23%	0.23%
MED	F	0.02%	0.07%	0.02%
MEI	F	0.03%	0.04%	0.03%
MGEE	D	0.24%	0.2%	0.2%
MGPI	D	0.1%	0.11%	0.1%
MGY	C	0.4%	0.25%	0.25%
MHO	C	0.29%	0.29%	0.29%
MLI	C	0.55%	0.33%	0.33%
MLKN	C	0.16%	0.13%	0.13%
MMI	D	0.06%	0.02%	0.02%
MMSI	A	0.41%	0.3%	0.3%
MOG.A	C	0.41%	0.1%	0.1%
MOV	F	0.03%	0.11%	0.03%
MSEX	D	0.08%	0.08%	0.08%
MTH	D	0.52%	0.25%	0.25%
MTRN	D	0.19%	0.25%	0.19%
MTX	B	0.24%	0.35%	0.24%
MXL	B	0.12%	0.04%	0.04%
MYE	F	0.05%	0.04%	0.04%
MYGN	B	0.19%	0.1%	0.1%
NAVI	D	0.1%	0.23%	0.1%
NBTB	B	0.15%	0.13%	0.13%
NEO	D	0.15%	0.13%	0.13%
NGVT	F	0.13%	0.08%	0.08%
NHC	A	0.12%	0.06%	0.06%
NMIH	A	0.23%	0.22%	0.22%
NOG	D	0.3%	0.13%	0.13%
NPK	D	0.03%	0.05%	0.03%
NPO	D	0.27%	0.23%	0.23%
NSIT	B	0.5%	0.33%	0.33%
NTCT	D	0.11%	0.13%	0.11%
NUS	F	0.05%	0.02%	0.02%
NWBI	B	0.12%	0.14%	0.12%
NWN	F	0.11%	0.24%	0.11%
NX	F	0.09%	0.05%	0.05%
ODP	D	0.12%	0.19%	0.12%
OFG	C	0.15%	0.22%	0.15%
OMCL	F	0.11%	0.06%	0.06%
OMI	F	0.11%	0.15%	0.11%
OSUR	F	0.03%	0.1%	0.03%
OTTR	C	0.32%	0.3%	0.3%
OXM	D	0.13%	0.14%	0.13%
PARR	D	0.12%	0.17%	0.12%
PATK	C	0.19%	0.27%	0.19%
PBH	C	0.28%	0.29%	0.28%
PBI	C	0.07%	0.07%	0.07%
PCRX	D	0.11%	0.04%	0.04%
PDCO	D	0.18%	0.13%	0.13%
PEB	F	0.15%	0.19%	0.15%
PECO	C	0.34%	0.26%	0.26%
PLAB	F	0.14%	0.26%	0.14%
PLUS	C	0.17%	0.12%	0.12%
PLXS	C	0.25%	0.26%	0.25%
PMT	D	0.1%	0.2%	0.1%
PRDO	C	0.12%	0.29%	0.12%
PRFT	B	0.23%	0.1%	0.1%
PRG	C	0.14%	0.09%	0.09%
PRGS	B	0.19%	0.25%	0.19%
PSMT	C	0.17%	0.06%	0.06%
PTEN	D	0.28%	0.14%	0.14%
RC	D	0.12%	0.15%	0.12%
RDN	B	0.41%	0.33%	0.33%
RDNT	B	0.33%	0.21%	0.21%
RES	F	0.05%	0.04%	0.04%
REX	D	0.06%	0.15%	0.06%
RGP	D	0.03%	0.02%	0.02%
RGR	F	0.07%	0.17%	0.07%
RNST	C	0.14%	0.11%	0.11%
ROIC	C	0.14%	0.2%	0.14%
RWT	B	0.08%	0.11%	0.08%
SAFT	D	0.1%	0.07%	0.07%
SANM	B	0.33%	0.22%	0.22%
SATS	B	0.18%	0.41%	0.18%
SCHL	D	0.08%	0.05%	0.05%
SCL	C	0.16%	0.2%	0.16%
SCSC	C	0.1%	0.15%	0.1%
SCVL	B	0.06%	0.3%	0.06%
SEM	B	0.31%	0.35%	0.31%
SFNC	C	0.18%	0.12%	0.12%
SHEN	D	0.07%	0.16%	0.07%
SHO	C	0.18%	0.28%	0.18%
SHOO	B	0.27%	0.21%	0.21%
SIG	D	0.35%	0.28%	0.28%
SITC	A	0.23%	0.32%	0.23%
SJW	D	0.13%	0.16%	0.13%
SKT	C	0.25%	0.29%	0.25%
SLCA	B	0.1%	0.26%	0.1%
SLG	B	0.33%	0.28%	0.28%
SLP	C	0.07%	0.15%	0.07%
SLVM	B	0.22%	0.35%	0.22%
SM	D	0.48%	0.26%	0.26%
SMPL	F	0.29%	0.28%	0.28%
SNEX	C	0.17%	0.08%	0.08%
SPSC	C	0.58%	0.3%	0.3%
SPTN	F	0.06%	0.17%	0.06%
SSTK	F	0.08%	0.15%	0.08%
STAA	C	0.18%	0.05%	0.05%
STC	C	0.15%	0.3%	0.15%
STRA	C	0.21%	0.23%	0.21%
SUPN	D	0.13%	0.18%	0.13%
SVC	D	0.07%	0.1%	0.07%
SXC	D	0.07%	0.21%	0.07%
SXI	D	0.17%	0.21%	0.17%
SXT	C	0.28%	0.25%	0.25%
TBBK	B	0.16%	0.09%	0.09%
TDS	B	0.17%	0.29%	0.17%
THRM	F	0.15%	0.09%	0.09%
THS	C	0.16%	0.1%	0.1%
TILE	D	0.08%	0.15%	0.08%
TNC	D	0.16%	0.01%	0.01%
TPH	C	0.32%	0.23%	0.23%
TRMK	C	0.16%	0.07%	0.07%
TRST	C	0.04%	0.06%	0.04%
TTMI	B	0.17%	0.25%	0.17%
UCTT	B	0.19%	0.34%	0.19%
UE	A	0.19%	0.33%	0.19%
UFPT	B	0.16%	0.29%	0.16%
UNF	C	0.2%	0.01%	0.01%
UNFI	C	0.07%	0.16%	0.07%
UNIT	F	0.06%	0.04%	0.04%
URBN	C	0.22%	0.24%	0.22%
USNA	F	0.04%	0.12%	0.04%
USPH	F	0.13%	0.2%	0.13%
UVV	D	0.1%	0.21%	0.1%
VGR	C	0.12%	0.25%	0.12%
VIAV	F	0.15%	0.17%	0.15%
VREX	F	0.05%	0.13%	0.05%
VRTS	C	0.13%	0.08%	0.08%
WAFD	C	0.16%	0.17%	0.16%
WDFC	F	0.27%	0.26%	0.26%
WGO	F	0.15%	0.16%	0.15%
WIRE	B	0.4%	0.37%	0.37%
WNC	D	0.08%	0.11%	0.08%
WOR	F	0.14%	0.26%	0.14%
WSR	A	0.05%	0.15%	0.05%
XHR	C	0.13%	0.16%	0.13%
XRX	F	0.13%	0.14%	0.13%
YELP	F	0.21%	0.29%	0.21%
ZEUS	F	0.04%	0.13%	0.04%

SPSM Overweight 260 Positions Relative to JPSE

Symbol	Grade	Weight
ATI	C	0.62%
AVAV	C	0.54%
GKOS	A	0.48%
ALK	D	0.46%
SEE	D	0.46%
LNC	B	0.46%
OGN	B	0.45%
AWI	D	0.44%
DY	B	0.43%
AL	C	0.42%
ITRI	D	0.41%
VRRM	B	0.39%
VFC	C	0.39%
MARA	B	0.39%
AGO	C	0.37%
BOOT	B	0.36%
ACIW	A	0.34%
AAP	F	0.33%
BOX	D	0.32%
SHAK	D	0.3%
KTB	D	0.3%
PIPR	A	0.29%
HP	D	0.29%
SKYW	B	0.29%
DXC	C	0.29%
JBT	C	0.28%
IAC	D	0.28%
WD	B	0.28%
MSGS	C	0.27%
ALRM	D	0.27%
ENV	C	0.27%
BGC	C	0.27%
SFBS	C	0.26%
UCBI	D	0.26%
BRC	B	0.26%
EAT	B	0.26%
FTDR	C	0.25%
REZI	D	0.25%
MPW	F	0.25%
ESE	C	0.24%
VECO	B	0.24%
WSFS	A	0.24%
RUN	D	0.24%
CVCO	D	0.24%
GVA	B	0.24%
LRN	B	0.24%
HIW	B	0.24%
TNDM	D	0.24%
DV	F	0.23%
RUSHA	F	0.23%
BTU	F	0.22%
TRN	B	0.22%
ATGE	A	0.22%
NWL	F	0.22%
FHB	C	0.22%
AIR	A	0.21%
RXO	A	0.21%
CBU	C	0.21%
PJT	A	0.21%
KSS	D	0.21%
ICUI	B	0.21%
BL	D	0.2%
BOH	D	0.2%
SIX	B	0.2%
NARI	C	0.2%
MYRG	F	0.2%
MODG	D	0.19%
OSIS	C	0.19%
CWEN	C	0.19%
ROCK	F	0.19%
PINC	F	0.19%
OII	C	0.19%
CVBF	C	0.19%
PLMR	C	0.18%
OUT	C	0.18%
VSTO	A	0.18%
PPBI	C	0.18%
CWK	C	0.18%
CALX	C	0.18%
FL	C	0.18%
BKU	C	0.18%
VCEL	C	0.18%
FOXF	D	0.18%
FTRE	D	0.18%
ROG	C	0.18%
EPAC	B	0.18%
SITM	B	0.18%
CNK	A	0.18%
SEDG	F	0.18%
SMTC	D	0.17%
JBLU	C	0.17%
SBCF	C	0.17%
PHIN	D	0.17%
RAMP	D	0.17%
TRIP	D	0.17%
PRK	A	0.17%
AMN	F	0.17%
INDB	D	0.17%
BANC	D	0.16%
ALG	F	0.16%
SONO	F	0.16%
CAKE	B	0.16%
NATL	B	0.16%
KMT	F	0.16%
LGIH	F	0.16%
HAYW	F	0.15%
HWKN	A	0.15%
PFS	D	0.15%
HBI	C	0.15%
OI	F	0.15%
KAR	C	0.15%
PRVA	D	0.15%
DOCN	D	0.15%
IBTX	B	0.14%
KN	B	0.14%
PZZA	F	0.14%
GBX	D	0.14%
DAN	F	0.14%
CABO	F	0.14%
BANR	B	0.14%
LMAT	B	0.14%
CERT	D	0.13%
MRCY	F	0.13%
VSCO	F	0.13%
TALO	D	0.13%
POWL	D	0.13%
VSTS	D	0.13%
LKFN	C	0.13%
PLAY	F	0.12%
MCY	C	0.12%
CHEF	B	0.12%
NBHC	A	0.12%
GNL	D	0.12%
GSHD	D	0.12%
STBA	B	0.11%
SGH	B	0.11%
ARLO	B	0.11%
FBNC	C	0.11%
WABC	C	0.11%
CUBI	C	0.11%
LNN	B	0.11%
FBK	C	0.11%
JBGS	B	0.11%
SBH	D	0.1%
TGI	B	0.1%
VBTX	C	0.1%
GIII	F	0.1%
SPNT	D	0.1%
KW	C	0.1%
NVEE	D	0.1%
KLG	F	0.1%
XNCR	F	0.1%
NABL	A	0.09%
TRUP	B	0.09%
VSAT	F	0.09%
JACK	F	0.09%
SABR	F	0.09%
MRTN	C	0.09%
CXM	D	0.09%
EYE	F	0.09%
CSR	B	0.09%
WWW	B	0.09%
SDGR	F	0.09%
PDFS	B	0.09%
RCUS	D	0.08%
BHLB	C	0.08%
MCRI	B	0.08%
WS	C	0.08%
PFBC	C	0.08%
DLX	B	0.08%
CBRL	F	0.08%
GPRE	F	0.08%
AHH	C	0.07%
SBSI	D	0.07%
MATW	F	0.07%
ALGT	F	0.07%
VIR	F	0.07%
PRAA	F	0.07%
LESL	F	0.07%
VICR	F	0.07%
PRLB	D	0.07%
CENX	D	0.07%
XPEL	F	0.07%
VTOL	B	0.07%
TTGT	B	0.07%
AXL	D	0.07%
BJRI	B	0.07%
UTL	C	0.07%
AMSF	D	0.07%
CWEN	C	0.07%
QNST	D	0.07%
SAH	D	0.07%
NXRT	B	0.07%
CLB	B	0.07%
MD	F	0.06%
GDEN	D	0.06%
PRA	F	0.06%
DCOM	C	0.06%
HSTM	B	0.06%
CFFN	B	0.06%
MCW	C	0.06%
NVRI	B	0.06%
KELYA	D	0.06%
HZO	C	0.06%
ASTE	F	0.06%
PUMP	D	0.06%
MNRO	D	0.06%
BLFS	B	0.06%
EMBC	C	0.06%
VVI	D	0.06%
HTLD	C	0.05%
EZPW	C	0.05%
CPF	A	0.05%
TMP	D	0.05%
CTKB	D	0.05%
GES	F	0.05%
NBR	F	0.05%
AMBC	D	0.05%
THRY	F	0.05%
DIN	F	0.05%
HFWA	C	0.05%
DRQ	D	0.05%
IIIN	D	0.05%
HAIN	F	0.05%
HCI	D	0.05%
WRLD	D	0.04%
GDOT	F	0.04%
CLDT	D	0.04%
SNCY	D	0.04%
CVGW	F	0.04%
LQDT	B	0.04%
UFCS	C	0.04%
CEVA	D	0.04%
HAFC	C	0.04%
MLAB	F	0.04%
CRSR	F	0.04%
BFS	C	0.04%
DDD	F	0.04%
RGNX	F	0.04%
UHT	B	0.04%
TR	C	0.04%
EGBN	D	0.04%
SMP	F	0.04%
DBI	F	0.03%
AMCX	F	0.03%
NFBK	D	0.03%
RILY	F	0.03%
PAHC	C	0.03%
MERC	D	0.03%
TWI	F	0.03%
CMP	F	0.03%
CENT	F	0.03%
ATNI	D	0.02%
SPWR	C	0.02%
MCS	D	0.02%
CRNC	F	0.01%
TTEC	F	0.01%
SSP	D	0.0%
MODV	C	0.0%
AAON	B	0.0%

SPSM Underweight 223 Positions Relative to JPSE

Symbol	Grade	Weight
PRMW	C	-0.44%
COKE	A	-0.38%
SFM	A	-0.38%
TNK	B	-0.37%
STNG	B	-0.36%
NHI	A	-0.36%
ONTO	B	-0.36%
AMKR	B	-0.35%
CBT	D	-0.35%
PFSI	A	-0.34%
CWST	B	-0.34%
IDT	C	-0.34%
ALE	B	-0.33%
STRL	B	-0.33%
SBRA	A	-0.32%
CSTM	F	-0.32%
DDS	C	-0.32%
ESNT	B	-0.32%
FIX	D	-0.32%
SMCI	C	-0.32%
CNX	C	-0.31%
LAUR	C	-0.31%
CNO	C	-0.3%
PR	C	-0.3%
KRG	B	-0.3%
CMC	C	-0.3%
OGS	C	-0.3%
LNTH	C	-0.3%
UFPI	D	-0.3%
AIT	C	-0.3%
POR	C	-0.3%
MMS	B	-0.3%
TMHC	C	-0.3%
UTZ	D	-0.29%
AVNT	C	-0.29%
BRBR	C	-0.29%
NJR	C	-0.29%
SWBI	F	-0.29%
DHT	D	-0.29%
ESRT	C	-0.29%
NMRK	C	-0.29%
TROX	D	-0.29%
BKH	C	-0.29%
NOVT	C	-0.29%
SR	C	-0.28%
TRNO	B	-0.28%
WTS	F	-0.28%
ELF	B	-0.28%
NWE	C	-0.28%
LANC	C	-0.28%
BNL	B	-0.27%
KBH	B	-0.27%
PCH	F	-0.26%
HQY	A	-0.26%
OPCH	F	-0.26%
ETRN	D	-0.26%
RHP	D	-0.26%
OEC	F	-0.26%
CLFD	B	-0.26%
CRAI	B	-0.25%
RLJ	D	-0.25%
CHRD	C	-0.25%
ATKR	D	-0.25%
ACLX	B	-0.25%
SIGI	F	-0.25%
ONB	C	-0.25%
PBF	D	-0.25%
SSD	F	-0.25%
MTDR	D	-0.24%
POWI	F	-0.24%
WHD	B	-0.24%
VSH	D	-0.24%
CIVI	D	-0.24%
INSW	B	-0.24%
IRT	A	-0.24%
TPB	B	-0.23%
GATX	B	-0.23%
NTB	B	-0.23%
HAE	F	-0.23%
RDFN	F	-0.23%
LILAK	A	-0.23%
TGNA	D	-0.23%
UBSI	C	-0.23%
SWX	D	-0.23%
APPF	B	-0.22%
CHX	C	-0.22%
PDM	B	-0.22%
QLYS	D	-0.22%
RMBS	D	-0.22%
ESGR	B	-0.22%
TNET	F	-0.22%
DBRG	D	-0.21%
EQC	B	-0.21%
INFN	B	-0.21%
CSWI	B	-0.21%
IMKTA	F	-0.21%
BDC	B	-0.2%
OPEN	F	-0.2%
WK	D	-0.2%
GSAT	D	-0.19%
ACRE	C	-0.19%
LADR	A	-0.19%
RYI	F	-0.19%
ASC	B	-0.19%
HOMB	C	-0.19%
ECVT	D	-0.18%
ARCT	F	-0.18%
GEF	F	-0.18%
HLF	D	-0.17%
SGRY	F	-0.17%
HLNE	B	-0.17%
GPOR	D	-0.17%
MGRC	D	-0.16%
LXU	F	-0.16%
VLY	D	-0.16%
IBOC	C	-0.16%
SCS	B	-0.16%
WMK	D	-0.16%
ASGN	D	-0.15%
IGT	C	-0.14%
NSP	F	-0.14%
AGM	C	-0.14%
CVLT	A	-0.14%
ACT	C	-0.13%
HWC	C	-0.13%
ENS	B	-0.13%
DX	C	-0.13%
WSBC	C	-0.12%
OCFC	C	-0.12%
VCTR	D	-0.12%
FUBO	F	-0.12%
AVNW	F	-0.12%
EXPO	B	-0.12%
NTGR	B	-0.12%
GNK	C	-0.12%
SOI	D	-0.11%
EGHT	F	-0.11%
BZH	F	-0.11%
EE	B	-0.11%
SD	F	-0.11%
NWLI	A	-0.11%
RYAM	C	-0.11%
BLKB	C	-0.1%
CMRE	B	-0.1%
PGRE	D	-0.1%
ANET	A	-0.1%
ACCO	D	-0.1%
HOV	D	-0.1%
CMCO	F	-0.09%
UMBF	C	-0.08%
NNI	C	-0.08%
UEC	D	-0.08%
WTTR	B	-0.08%
RDUS	F	-0.08%
BXC	F	-0.08%
BRY	D	-0.08%
EAF	F	-0.07%
FLNG	B	-0.07%
PNTG	B	-0.07%
ATRC	D	-0.07%
CSTL	D	-0.07%
VRNT	C	-0.07%
ZYXI	D	-0.06%
IPI	D	-0.06%
NAT	C	-0.06%
ZUMZ	B	-0.06%
SRCE	C	-0.06%
IVT	C	-0.06%
KRO	C	-0.06%
LWLG	F	-0.05%
FRME	C	-0.05%
CTBI	C	-0.05%
VNDA	C	-0.05%
GRWG	F	-0.05%
SYNA	F	-0.05%
BUSE	C	-0.05%
MITK	F	-0.05%
PETS	F	-0.05%
COMM	D	-0.04%
BGFV	F	-0.04%
GTN	F	-0.04%
CWCO	D	-0.04%
MWA	C	-0.04%
SMR	B	-0.04%
AMPS	D	-0.04%
PLL	F	-0.04%
NATR	D	-0.04%
ATRI	C	-0.04%
MRC	C	-0.04%
RBCAA	C	-0.04%
AIV	C	-0.03%
SRDX	A	-0.03%
BOOM	C	-0.03%
CSV	C	-0.03%
TBRG	D	-0.03%
TH	F	-0.03%
TRTX	A	-0.03%
TG	D	-0.02%
CIX	D	-0.02%
GIC	F	-0.02%
CMTL	D	-0.02%
AVD	F	-0.02%
CWH	F	-0.02%
OSPN	B	-0.02%
THFF	D	-0.02%
ANIK	D	-0.02%
WOW	B	-0.02%
TRS	D	-0.02%
BH	C	-0.01%
STHO	D	-0.01%
NR	B	-0.01%
OABI	F	-0.01%
CCSI	D	-0.01%
CNNE	D	-0.01%
CMBM	F	-0.01%
CCBG	B	-0.01%
EFSC	C	-0.01%
TBI	F	-0.01%
RBBN	C	-0.0%
MURA	F	-0.0%
EGRX	C	-0.0%
DOUG	F	-0.0%
HL	D	-0.0%