SPXE vs. GVUS ETF Comparison

Comparison of ProShares S&P 500 Ex-Energy ETF (SPXE) to Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS)

SPXE

ProShares S&P 500 Ex-Energy ETF

SPXE Description

The investment seeks investment results, before fees and expenses that track the performance of the S&P 500® Ex-Energy Index (the "index"). Under normal circumstances, the fund will invest at least 80% of its total assets in component securities. The index seeks to provide exposure to the companies of the S&P 500® Index (the "S&P 500®") with the exception of those companies included in the Energy Sector.

Grade (RS Rating)

Last Trade

$64.09

Average Daily Volume

1,356

Number of Holdings ^*

477

* may have additional holdings in another (foreign) market

GVUS

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF

GVUS Description

The fund seeks to achieve its investment objective by investing at least 80% of its assets in equity securities included in its underlying index, in depositary receipts representing equity securities included in its underlying index, and in underlying stocks in lieu of depositary receipts included in its underlying index. The index is designed to measure the performance of the large- and mid-capitalization value segment of U.S. equity issuers, with a capping methodology.

Grade (RS Rating)

Last Trade

$50.87

Average Daily Volume

35,490

Number of Holdings ^*

836

* may have additional holdings in another (foreign) market

Performance

Period	SPXE	GVUS
30 Days	2.38%	2.39%
60 Days	4.47%	4.06%
90 Days	6.26%	5.58%
12 Months	33.31%

414 Overlapping Holdings

	Symbol	Grade	Weight in SPXE	Weight in GVUS	Overlap
	A	D	0.08%	0.14%	0.08%
	ABBV	D	0.61%	0.65%	0.61%
	ABT	B	0.42%	0.78%	0.42%
	ACGL	D	0.08%	0.14%	0.08%
	ACN	C	0.46%	0.86%	0.46%
	ADI	D	0.22%	0.4%	0.22%
	ADM	D	0.05%	0.1%	0.05%
	ADP	B	0.25%	0.04%	0.04%
	AEE	A	0.05%	0.09%	0.05%
	AEP	D	0.11%	0.2%	0.11%
	AES	F	0.02%	0.04%	0.02%
	AFL	B	0.12%	0.24%	0.12%
	AIG	B	0.1%	0.19%	0.1%
	AIZ	A	0.02%	0.04%	0.02%
	AJG	B	0.13%	0.23%	0.13%
	AKAM	D	0.03%	0.05%	0.03%
	ALB	C	0.03%	0.05%	0.03%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.11%	0.17%	0.11%
	ALLE	D	0.02%	0.05%	0.02%
	AMAT	F	0.29%	0.04%	0.04%
	AMCR	D	0.03%	0.06%	0.03%
	AMD	F	0.47%	0.29%	0.29%
	AME	A	0.09%	0.17%	0.09%
	AMGN	D	0.31%	0.13%	0.13%
	AMP	A	0.11%	0.02%	0.02%
	ANSS	B	0.06%	0.11%	0.06%
	AON	A	0.17%	0.29%	0.17%
	AOS	F	0.02%	0.03%	0.02%
	APD	A	0.15%	0.27%	0.15%
	APH	A	0.17%	0.14%	0.14%
	APTV	D	0.03%	0.06%	0.03%
	ARE	D	0.03%	0.07%	0.03%
	ATO	A	0.05%	0.08%	0.05%
	AVB	B	0.07%	0.13%	0.07%
	AVY	D	0.03%	0.04%	0.03%
	AWK	D	0.06%	0.1%	0.06%
	AXP	A	0.33%	0.39%	0.33%
	AZO	C	0.11%	0.02%	0.02%
	BA	F	0.22%	0.31%	0.22%
	BAC	A	0.66%	1.23%	0.66%
	BALL	D	0.04%	0.07%	0.04%
	BAX	D	0.04%	0.06%	0.04%
	BBY	D	0.04%	0.08%	0.04%
	BDX	F	0.13%	0.25%	0.13%
	BEN	C	0.01%	0.02%	0.01%
	BG	F	0.03%	0.05%	0.03%
	BIIB	F	0.05%	0.09%	0.05%
	BK	A	0.12%	0.22%	0.12%
	BKNG	A	0.35%	0.04%	0.04%
	BLDR	D	0.04%	0.07%	0.04%
	BLK	C	0.3%	0.6%	0.3%
	BMY	B	0.24%	0.44%	0.24%
	BR	A	0.05%	0.01%	0.01%
	BRK.A	B	1.8%	3.35%	1.8%
	BRO	B	0.05%	0.06%	0.05%
	BSX	B	0.28%	0.5%	0.28%
	BWA	D	0.02%	0.03%	0.02%
	BXP	D	0.02%	0.05%	0.02%
	C	A	0.27%	0.51%	0.27%
	CAG	D	0.03%	0.05%	0.03%
	CAH	B	0.06%	0.05%	0.05%
	CARR	D	0.13%	0.24%	0.13%
	CAT	B	0.39%	0.63%	0.39%
	CB	C	0.22%	0.45%	0.22%
	CBOE	B	0.04%	0.08%	0.04%
	CBRE	B	0.08%	0.16%	0.08%
	CCI	D	0.09%	0.18%	0.09%
	CCL	B	0.05%	0.09%	0.05%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.02%	0.02%	0.02%
	CEG	D	0.15%	0.23%	0.15%
	CF	B	0.03%	0.06%	0.03%
	CFG	B	0.04%	0.08%	0.04%
	CHD	B	0.06%	0.1%	0.06%
	CHRW	C	0.03%	0.05%	0.03%
	CHTR	C	0.08%	0.14%	0.08%
	CI	F	0.19%	0.32%	0.19%
	CINF	A	0.05%	0.09%	0.05%
	CL	D	0.16%	0.13%	0.13%
	CMCSA	B	0.35%	0.64%	0.35%
	CME	A	0.17%	0.32%	0.17%
	CMI	A	0.1%	0.19%	0.1%
	CMS	C	0.04%	0.08%	0.04%
	CNC	D	0.06%	0.12%	0.06%
	CNP	B	0.04%	0.08%	0.04%
	COF	B	0.14%	0.27%	0.14%
	CPB	D	0.02%	0.03%	0.02%
	CPRT	A	0.1%	0.01%	0.01%
	CPT	B	0.03%	0.05%	0.03%
	CRL	C	0.02%	0.04%	0.02%
	CRM	B	0.65%	0.18%	0.18%
	CSCO	B	0.48%	0.91%	0.48%
	CSGP	D	0.06%	0.11%	0.06%
	CSX	B	0.14%	0.27%	0.14%
	CTAS	B	0.15%	0.01%	0.01%
	CTLT	B	0.02%	0.04%	0.02%
	CTSH	B	0.08%	0.15%	0.08%
	CTVA	C	0.08%	0.15%	0.08%
	CVS	D	0.15%	0.26%	0.15%
	CZR	F	0.02%	0.03%	0.02%
	D	C	0.1%	0.19%	0.1%
	DAL	C	0.08%	0.16%	0.08%
	DAY	B	0.02%	0.04%	0.02%
	DD	D	0.07%	0.13%	0.07%
	DE	A	0.22%	0.39%	0.22%
	DELL	C	0.08%	0.12%	0.08%
	DFS	B	0.09%	0.17%	0.09%
	DG	F	0.04%	0.06%	0.04%
	DGX	A	0.04%	0.07%	0.04%
	DHI	D	0.1%	0.19%	0.1%
	DHR	F	0.31%	0.58%	0.31%
	DIS	B	0.43%	0.82%	0.43%
	DLR	B	0.12%	0.23%	0.12%
	DLTR	F	0.03%	0.05%	0.03%
	DOC	D	0.03%	0.06%	0.03%
	DOV	A	0.06%	0.11%	0.06%
	DOW	F	0.06%	0.12%	0.06%
	DPZ	C	0.03%	0.04%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.05%	0.1%	0.05%
	DUK	C	0.18%	0.34%	0.18%
	EA	A	0.08%	0.17%	0.08%
	EBAY	D	0.06%	0.12%	0.06%
	ECL	D	0.13%	0.03%	0.03%
	ED	D	0.07%	0.13%	0.07%
	EFX	F	0.06%	0.09%	0.06%
	EG	C	0.03%	0.05%	0.03%
	EIX	B	0.07%	0.12%	0.07%
	EL	F	0.03%	0.04%	0.03%
	ELV	F	0.19%	0.31%	0.19%
	EMN	D	0.02%	0.05%	0.02%
	EMR	A	0.15%	0.28%	0.15%
	EPAM	C	0.03%	0.05%	0.03%
	EQIX	A	0.18%	0.31%	0.18%
	EQR	B	0.05%	0.11%	0.05%
	ES	D	0.05%	0.08%	0.05%
	ESS	B	0.04%	0.08%	0.04%
	ETN	A	0.29%	0.56%	0.29%
	ETR	B	0.07%	0.12%	0.07%
	EVRG	A	0.03%	0.06%	0.03%
	EW	C	0.09%	0.13%	0.09%
	EXC	C	0.08%	0.15%	0.08%
	EXPD	D	0.03%	0.06%	0.03%
	EXR	D	0.07%	0.13%	0.07%
	F	C	0.09%	0.17%	0.09%
	FAST	B	0.1%	0.03%	0.03%
	FCX	D	0.13%	0.24%	0.13%
	FDS	B	0.04%	0.05%	0.04%
	FDX	B	0.14%	0.26%	0.14%
	FE	C	0.04%	0.09%	0.04%
	FFIV	B	0.03%	0.05%	0.03%
	FI	A	0.25%	0.32%	0.25%
	FICO	B	0.11%	0.03%	0.03%
	FIS	C	0.1%	0.19%	0.1%
	FITB	A	0.07%	0.12%	0.07%
	FMC	D	0.01%	0.03%	0.01%
	FOX	A	0.01%	0.02%	0.01%
	FOXA	B	0.02%	0.04%	0.02%
	FRT	B	0.02%	0.04%	0.02%
	FSLR	F	0.04%	0.08%	0.04%
	FTNT	C	0.12%	0.04%	0.04%
	FTV	C	0.05%	0.1%	0.05%
	GD	F	0.15%	0.31%	0.15%
	GE	D	0.4%	0.59%	0.4%
	GEHC	F	0.08%	0.13%	0.08%
	GEN	B	0.03%	0.06%	0.03%
	GEV	B	0.19%	0.35%	0.19%
	GILD	C	0.23%	0.43%	0.23%
	GIS	D	0.07%	0.14%	0.07%
	GL	B	0.02%	0.04%	0.02%
	GLW	B	0.07%	0.14%	0.07%
	GM	B	0.13%	0.25%	0.13%
	GNRC	B	0.02%	0.02%	0.02%
	GPC	D	0.04%	0.07%	0.04%
	GPN	B	0.06%	0.11%	0.06%
	GRMN	B	0.07%	0.12%	0.07%
	GS	A	0.39%	0.53%	0.39%
	GWW	B	0.11%	0.03%	0.03%
	HAS	D	0.02%	0.0%	0.0%
	HBAN	A	0.05%	0.1%	0.05%
	HCA	F	0.13%	0.19%	0.13%
	HD	A	0.84%	0.32%	0.32%
	HIG	B	0.07%	0.13%	0.07%
	HII	D	0.02%	0.03%	0.02%
	HLT	A	0.13%	0.12%	0.12%
	HOLX	D	0.04%	0.07%	0.04%
	HON	B	0.31%	0.49%	0.31%
	HPE	B	0.06%	0.11%	0.06%
	HPQ	B	0.08%	0.11%	0.08%
	HRL	D	0.02%	0.03%	0.02%
	HSIC	B	0.02%	0.03%	0.02%
	HST	C	0.03%	0.05%	0.03%
	HSY	F	0.05%	0.08%	0.05%
	HUBB	B	0.05%	0.09%	0.05%
	HUM	C	0.07%	0.13%	0.07%
	HWM	A	0.1%	0.17%	0.1%
	IBM	C	0.4%	0.73%	0.4%
	ICE	C	0.19%	0.34%	0.19%
	IEX	B	0.03%	0.07%	0.03%
	IFF	D	0.05%	0.09%	0.05%
	INCY	C	0.03%	0.04%	0.03%
	INTC	D	0.22%	0.4%	0.22%
	INVH	D	0.04%	0.08%	0.04%
	IP	B	0.04%	0.08%	0.04%
	IPG	D	0.02%	0.04%	0.02%
	IQV	D	0.07%	0.12%	0.07%
	IR	B	0.09%	0.16%	0.09%
	IRM	D	0.07%	0.06%	0.06%
	ITW	B	0.15%	0.19%	0.15%
	IVZ	B	0.02%	0.03%	0.02%
	J	F	0.04%	0.07%	0.04%
	JBHT	C	0.03%	0.06%	0.03%
	JBL	B	0.03%	0.05%	0.03%
	JCI	C	0.12%	0.22%	0.12%
	JKHY	D	0.03%	0.05%	0.03%
	JNJ	D	0.77%	1.44%	0.77%
	JNPR	F	0.02%	0.05%	0.02%
	JPM	A	1.45%	2.73%	1.45%
	K	A	0.05%	0.08%	0.05%
	KDP	D	0.07%	0.14%	0.07%
	KEY	B	0.04%	0.07%	0.04%
	KEYS	A	0.05%	0.1%	0.05%
	KHC	F	0.06%	0.11%	0.06%
	KIM	A	0.04%	0.06%	0.04%
	KKR	A	0.21%	0.28%	0.21%
	KMB	D	0.1%	0.1%	0.1%
	KMX	B	0.03%	0.04%	0.03%
	KO	D	0.5%	0.4%	0.4%
	KR	B	0.08%	0.15%	0.08%
	KVUE	A	0.09%	0.18%	0.09%
	L	A	0.03%	0.06%	0.03%
	LDOS	C	0.04%	0.08%	0.04%
	LEN	D	0.08%	0.16%	0.08%
	LEN	D	0.08%	0.01%	0.01%
	LH	C	0.04%	0.08%	0.04%
	LHX	C	0.1%	0.18%	0.1%
	LIN	D	0.45%	0.84%	0.45%
	LKQ	D	0.02%	0.04%	0.02%
	LMT	D	0.23%	0.3%	0.23%
	LNT	A	0.03%	0.06%	0.03%
	LOW	D	0.32%	0.6%	0.32%
	LUV	C	0.04%	0.08%	0.04%
	LW	C	0.02%	0.03%	0.02%
	LYB	F	0.04%	0.08%	0.04%
	MAA	B	0.04%	0.07%	0.04%
	MAR	B	0.14%	0.25%	0.14%
	MAS	D	0.03%	0.07%	0.03%
	MCD	D	0.43%	0.77%	0.43%
	MCHP	D	0.07%	0.13%	0.07%
	MCK	B	0.16%	0.17%	0.16%
	MDLZ	F	0.18%	0.34%	0.18%
	MDT	D	0.23%	0.44%	0.23%
	MET	A	0.1%	0.19%	0.1%
	MGM	D	0.02%	0.03%	0.02%
	MHK	D	0.01%	0.03%	0.01%
	MKC	D	0.04%	0.07%	0.04%
	MKTX	D	0.02%	0.04%	0.02%
	MLM	B	0.07%	0.13%	0.07%
	MMC	B	0.23%	0.37%	0.23%
	MMM	D	0.15%	0.23%	0.15%
	MNST	C	0.08%	0.03%	0.03%
	MO	A	0.2%	0.37%	0.2%
	MOH	F	0.04%	0.02%	0.02%
	MOS	F	0.02%	0.03%	0.02%
	MRNA	F	0.03%	0.05%	0.03%
	MS	A	0.35%	0.57%	0.35%
	MSCI	C	0.1%	0.08%	0.08%
	MSI	B	0.17%	0.16%	0.16%
	MTB	A	0.07%	0.14%	0.07%
	MTCH	D	0.02%	0.03%	0.02%
	MTD	D	0.05%	0.1%	0.05%
	MU	D	0.22%	0.41%	0.22%
	NDAQ	A	0.07%	0.13%	0.07%
	NDSN	B	0.03%	0.06%	0.03%
	NEE	D	0.33%	0.61%	0.33%
	NEM	D	0.1%	0.18%	0.1%
	NI	A	0.03%	0.06%	0.03%
	NKE	D	0.19%	0.14%	0.14%
	NOC	D	0.14%	0.26%	0.14%
	NRG	B	0.04%	0.04%	0.04%
	NSC	B	0.12%	0.23%	0.12%
	NTAP	C	0.05%	0.05%	0.05%
	NTRS	A	0.05%	0.08%	0.05%
	NUE	C	0.07%	0.14%	0.07%
	NVR	D	0.06%	0.1%	0.06%
	NWS	B	0.01%	0.01%	0.01%
	NWSA	B	0.02%	0.04%	0.02%
	O	D	0.1%	0.19%	0.1%
	OMC	C	0.04%	0.07%	0.04%
	ON	D	0.06%	0.11%	0.06%
	ORLY	B	0.15%	0.02%	0.02%
	OTIS	C	0.08%	0.16%	0.08%
	PARA	C	0.01%	0.02%	0.01%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.09%	0.11%	0.09%
	PCAR	B	0.12%	0.22%	0.12%
	PCG	A	0.09%	0.18%	0.09%
	PEG	A	0.09%	0.17%	0.09%
	PEP	F	0.45%	0.18%	0.18%
	PFE	D	0.29%	0.55%	0.29%
	PFG	D	0.04%	0.08%	0.04%
	PG	A	0.83%	1.21%	0.83%
	PGR	A	0.31%	0.09%	0.09%
	PH	A	0.18%	0.35%	0.18%
	PHM	D	0.06%	0.1%	0.06%
	PKG	A	0.04%	0.08%	0.04%
	PLD	D	0.22%	0.41%	0.22%
	PM	B	0.43%	0.78%	0.43%
	PNC	B	0.17%	0.32%	0.17%
	PNR	A	0.04%	0.07%	0.04%
	PNW	B	0.02%	0.04%	0.02%
	PPG	F	0.06%	0.11%	0.06%
	PPL	B	0.05%	0.1%	0.05%
	PRU	A	0.1%	0.18%	0.1%
	PSA	D	0.11%	0.17%	0.11%
	PTC	A	0.05%	0.03%	0.03%
	PWR	A	0.1%	0.13%	0.1%
	PYPL	B	0.18%	0.34%	0.18%
	QCOM	F	0.38%	0.04%	0.04%
	QRVO	F	0.01%	0.02%	0.01%
	RCL	A	0.11%	0.14%	0.11%
	REG	B	0.03%	0.05%	0.03%
	REGN	F	0.17%	0.28%	0.17%
	RF	A	0.05%	0.09%	0.05%
	RJF	A	0.06%	0.12%	0.06%
	RL	B	0.02%	0.03%	0.02%
	RMD	C	0.07%	0.1%	0.07%
	ROK	B	0.07%	0.12%	0.07%
	ROP	B	0.12%	0.23%	0.12%
	ROST	C	0.1%	0.14%	0.1%
	RSG	A	0.09%	0.17%	0.09%
	RTX	C	0.33%	0.61%	0.33%
	RVTY	F	0.03%	0.05%	0.03%
	SBAC	D	0.05%	0.09%	0.05%
	SBUX	A	0.24%	0.1%	0.1%
	SCHW	B	0.25%	0.42%	0.25%
	SHW	A	0.18%	0.03%	0.03%
	SJM	D	0.02%	0.04%	0.02%
	SNA	A	0.04%	0.07%	0.04%
	SO	D	0.2%	0.37%	0.2%
	SOLV	C	0.02%	0.04%	0.02%
	SPG	B	0.12%	0.17%	0.12%
	SPGI	C	0.33%	0.61%	0.33%
	SRE	A	0.12%	0.23%	0.12%
	STE	F	0.04%	0.08%	0.04%
	STLD	B	0.04%	0.08%	0.04%
	STT	A	0.06%	0.11%	0.06%
	STZ	D	0.08%	0.15%	0.08%
	SW	A	0.05%	0.1%	0.05%
	SWK	D	0.03%	0.05%	0.03%
	SWKS	F	0.03%	0.05%	0.03%
	SYF	B	0.05%	0.1%	0.05%
	SYK	C	0.28%	0.39%	0.28%
	SYY	B	0.08%	0.06%	0.06%
	T	A	0.34%	0.63%	0.34%
	TAP	C	0.02%	0.04%	0.02%
	TDG	D	0.14%	0.21%	0.14%
	TDY	B	0.04%	0.08%	0.04%
	TECH	D	0.02%	0.04%	0.02%
	TER	D	0.04%	0.01%	0.01%
	TFC	A	0.13%	0.24%	0.13%
	TFX	F	0.02%	0.04%	0.02%
	TGT	F	0.15%	0.27%	0.15%
	TJX	A	0.28%	0.22%	0.22%
	TMO	F	0.4%	0.76%	0.4%
	TMUS	B	0.24%	0.44%	0.24%
	TPR	B	0.03%	0.05%	0.03%
	TRMB	B	0.04%	0.07%	0.04%
	TROW	B	0.05%	0.1%	0.05%
	TRV	B	0.12%	0.23%	0.12%
	TSN	B	0.04%	0.07%	0.04%
	TT	A	0.19%	0.24%	0.19%
	TTWO	A	0.06%	0.12%	0.06%
	TXN	C	0.39%	0.63%	0.39%
	TXT	D	0.03%	0.06%	0.03%
	TYL	B	0.05%	0.01%	0.01%
	UAL	A	0.06%	0.12%	0.06%
	UDR	B	0.03%	0.06%	0.03%
	UHS	D	0.02%	0.05%	0.02%
	ULTA	F	0.03%	0.01%	0.01%
	UNH	C	1.13%	1.98%	1.13%
	UNP	C	0.3%	0.29%	0.29%
	UPS	C	0.21%	0.38%	0.21%
	URI	B	0.11%	0.17%	0.11%
	USB	A	0.16%	0.3%	0.16%
	VICI	C	0.07%	0.13%	0.07%
	VLTO	D	0.05%	0.05%	0.05%
	VMC	B	0.08%	0.11%	0.08%
	VRSN	F	0.03%	0.06%	0.03%
	VRTX	F	0.25%	0.23%	0.23%
	VTR	C	0.05%	0.1%	0.05%
	VTRS	A	0.03%	0.06%	0.03%
	VZ	C	0.37%	0.68%	0.37%
	WAB	B	0.07%	0.13%	0.07%
	WAT	B	0.04%	0.03%	0.03%
	WBA	F	0.01%	0.02%	0.01%
	WBD	C	0.04%	0.09%	0.04%
	WDC	D	0.04%	0.08%	0.04%
	WEC	A	0.07%	0.12%	0.07%
	WELL	A	0.16%	0.32%	0.16%
	WFC	A	0.52%	1.01%	0.52%
	WMT	A	0.76%	1.42%	0.76%
	WRB	A	0.04%	0.07%	0.04%
	WST	C	0.05%	0.03%	0.03%
	WTW	B	0.07%	0.12%	0.07%
	WY	D	0.05%	0.09%	0.05%
	WYNN	D	0.02%	0.03%	0.02%
	XEL	A	0.08%	0.15%	0.08%
	XYL	D	0.06%	0.11%	0.06%
	YUM	B	0.08%	0.09%	0.08%
	ZBH	C	0.05%	0.09%	0.05%
	ZBRA	B	0.04%	0.06%	0.04%
	ZTS	D	0.17%	0.05%	0.05%

SPXE Overweight 64 Positions Relative to GVUS

	Symbol	Grade	Weight
	AAPL	C	7.2%
	NVDA	C	7.16%
	MSFT	F	6.42%
	AMZN	C	3.91%
	META	D	2.52%
	GOOGL	C	2.13%
	TSLA	B	1.95%
	GOOG	C	1.76%
	AVGO	D	1.6%
	LLY	F	1.19%
	V	A	1.08%
	MA	C	0.89%
	COST	B	0.85%
	NFLX	A	0.75%
	ORCL	B	0.62%
	MRK	F	0.51%
	ADBE	C	0.46%
	NOW	A	0.43%
	ISRG	A	0.39%
	INTU	C	0.39%
	UBER	D	0.3%
	BX	A	0.27%
	PLTR	B	0.26%
	PANW	C	0.26%
	ANET	C	0.2%
	LRCX	F	0.19%
	AMT	D	0.19%
	WM	A	0.17%
	SNPS	B	0.17%
	CMG	B	0.17%
	CDNS	B	0.17%
	KLAC	D	0.17%
	CRWD	B	0.16%
	MCO	B	0.15%
	ADSK	A	0.13%
	NXPI	D	0.12%
	ABNB	C	0.12%
	VST	B	0.1%
	COR	B	0.09%
	AXON	A	0.09%
	VRSK	A	0.08%
	IT	C	0.08%
	ODFL	B	0.08%
	IDXX	F	0.07%
	LULU	C	0.07%
	DECK	A	0.06%
	MPWR	F	0.06%
	TSCO	D	0.06%
	DXCM	D	0.06%
	EXPE	B	0.05%
	CPAY	A	0.05%
	GDDY	A	0.05%
	LVS	C	0.04%
	PODD	C	0.04%
	STX	D	0.04%
	CLX	B	0.04%
	LYV	A	0.04%
	POOL	C	0.03%
	ROL	B	0.03%
	DVA	B	0.02%
	ENPH	F	0.02%
	ERIE	D	0.02%
	SMCI	F	0.02%
	NCLH	B	0.02%

SPXE Underweight 422 Positions Relative to GVUS

	Symbol	Grade	Weight
	XOM	B	-2.08%
	CVX	A	-1.08%
	COP	C	-0.51%
	EOG	A	-0.3%
	WMB	A	-0.27%
	MRVL	B	-0.27%
	OKE	A	-0.25%
	SLB	C	-0.24%
	MPC	D	-0.22%
	KMI	A	-0.21%
	PSX	C	-0.21%
	MSTR	C	-0.19%
	BKR	B	-0.17%
	VLO	C	-0.17%
	FANG	D	-0.13%
	OXY	D	-0.13%
	SQ	B	-0.11%
	HAL	C	-0.1%
	FCNCA	A	-0.1%
	EQT	B	-0.09%
	LNG	B	-0.09%
	DVN	F	-0.09%
	ZM	B	-0.08%
	HOOD	B	-0.08%
	APO	B	-0.08%
	ILMN	D	-0.08%
	OC	A	-0.07%
	RBA	A	-0.07%
	TRU	D	-0.07%
	CSL	C	-0.07%
	RS	B	-0.07%
	WSO	A	-0.07%
	IBKR	A	-0.07%
	CTRA	B	-0.07%
	EWBC	A	-0.06%
	HES	B	-0.06%
	ACM	A	-0.06%
	THC	D	-0.06%
	USFD	A	-0.06%
	MKL	A	-0.06%
	GGG	B	-0.06%
	RGA	A	-0.06%
	SUI	D	-0.06%
	SSNC	B	-0.06%
	FNF	B	-0.06%
	TOL	B	-0.06%
	UTHR	C	-0.06%
	MRO	B	-0.06%
	CVNA	B	-0.06%
	Z	A	-0.05%
	OVV	B	-0.05%
	SOFI	A	-0.05%
	BMRN	D	-0.05%
	SCI	B	-0.05%
	NVT	B	-0.05%
	NTNX	A	-0.05%
	FTI	A	-0.05%
	WPC	D	-0.05%
	CLH	B	-0.05%
	ITT	A	-0.05%
	CASY	A	-0.05%
	AMH	D	-0.05%
	AFRM	B	-0.05%
	COHR	B	-0.05%
	GLPI	C	-0.05%
	ELS	C	-0.05%
	RPM	A	-0.05%
	UNM	A	-0.05%
	TWLO	A	-0.05%
	RNR	C	-0.05%
	CW	B	-0.05%
	EME	C	-0.05%
	AVTR	F	-0.05%
	TW	A	-0.04%
	WCC	B	-0.04%
	GMED	A	-0.04%
	QGEN	D	-0.04%
	CMA	A	-0.04%
	REXR	F	-0.04%
	DCI	B	-0.04%
	BWXT	B	-0.04%
	FBIN	D	-0.04%
	RGLD	C	-0.04%
	INGR	B	-0.04%
	BRBR	A	-0.04%
	PNFP	B	-0.04%
	ORI	A	-0.04%
	AYI	B	-0.04%
	CNH	C	-0.04%
	JEF	A	-0.04%
	CIEN	B	-0.04%
	DOX	D	-0.04%
	WAL	B	-0.04%
	WTRG	B	-0.04%
	COIN	C	-0.04%
	EHC	B	-0.04%
	DTM	B	-0.04%
	OHI	C	-0.04%
	GME	C	-0.04%
	ARMK	B	-0.04%
	LAD	A	-0.04%
	AFG	A	-0.04%
	RPRX	D	-0.04%
	BLD	D	-0.04%
	WWD	B	-0.04%
	WBS	A	-0.04%
	DKS	C	-0.04%
	ALSN	B	-0.04%
	PRI	A	-0.04%
	CACI	D	-0.04%
	CCK	C	-0.04%
	EVR	B	-0.04%
	CUBE	D	-0.04%
	PFGC	B	-0.04%
	AA	B	-0.04%
	CG	A	-0.04%
	ATR	B	-0.04%
	FHN	A	-0.04%
	RRX	B	-0.04%
	SF	B	-0.04%
	BJ	A	-0.04%
	COLB	A	-0.03%
	CGNX	C	-0.03%
	FAF	A	-0.03%
	KBR	F	-0.03%
	LSTR	D	-0.03%
	BILL	A	-0.03%
	STAG	F	-0.03%
	AGNC	D	-0.03%
	MKSI	C	-0.03%
	MTG	C	-0.03%
	HRB	D	-0.03%
	VMI	B	-0.03%
	ALK	C	-0.03%
	AXS	A	-0.03%
	WEX	D	-0.03%
	WSM	B	-0.03%
	RLI	B	-0.03%
	DAR	C	-0.03%
	DINO	D	-0.03%
	FND	C	-0.03%
	MTSI	B	-0.03%
	FCN	D	-0.03%
	ELAN	D	-0.03%
	GXO	B	-0.03%
	SSD	D	-0.03%
	ATI	D	-0.03%
	FR	C	-0.03%
	GNTX	C	-0.03%
	COKE	C	-0.03%
	ESAB	B	-0.03%
	WH	B	-0.03%
	VNO	B	-0.03%
	VFC	C	-0.03%
	BBWI	D	-0.03%
	R	B	-0.03%
	OSK	B	-0.03%
	MIDD	C	-0.03%
	PR	B	-0.03%
	LBRDK	C	-0.03%
	PB	A	-0.03%
	ROKU	D	-0.03%
	JAZZ	B	-0.03%
	KEX	C	-0.03%
	DASH	A	-0.03%
	SKX	D	-0.03%
	RHI	B	-0.03%
	CHE	D	-0.03%
	ADC	B	-0.03%
	NNN	D	-0.03%
	BERY	B	-0.03%
	G	B	-0.03%
	CRBG	B	-0.03%
	FLS	B	-0.03%
	RIVN	F	-0.03%
	CHRD	D	-0.03%
	RRC	B	-0.03%
	ACI	C	-0.03%
	X	C	-0.03%
	APG	B	-0.03%
	WTFC	A	-0.03%
	APA	D	-0.03%
	TKO	B	-0.03%
	SEIC	B	-0.03%
	SNV	B	-0.03%
	CFR	B	-0.03%
	LAMR	D	-0.03%
	HLI	B	-0.03%
	LECO	B	-0.03%
	EGP	F	-0.03%
	VOYA	B	-0.03%
	NYT	C	-0.03%
	TTC	D	-0.03%
	CR	A	-0.03%
	MTZ	B	-0.03%
	ALLY	C	-0.03%
	CBSH	A	-0.03%
	JLL	D	-0.03%
	OGE	B	-0.03%
	FYBR	D	-0.03%
	GWRE	A	-0.03%
	GPK	C	-0.03%
	ZION	B	-0.03%
	TTEK	F	-0.03%
	BRX	A	-0.03%
	SNX	C	-0.03%
	KNX	B	-0.03%
	AAL	B	-0.03%
	AR	B	-0.03%
	RBC	A	-0.03%
	AXTA	A	-0.03%
	OGN	D	-0.02%
	NWL	B	-0.02%
	SITE	D	-0.02%
	WTM	A	-0.02%
	HOG	D	-0.02%
	FLO	D	-0.02%
	TPG	A	-0.02%
	DLB	B	-0.02%
	AN	C	-0.02%
	M	D	-0.02%
	GTES	A	-0.02%
	WLK	D	-0.02%
	KMPR	B	-0.02%
	GAP	C	-0.02%
	AWI	A	-0.02%
	EEFT	B	-0.02%
	RYN	D	-0.02%
	SLGN	A	-0.02%
	PSN	D	-0.02%
	WSC	D	-0.02%
	KRC	C	-0.02%
	CUZ	B	-0.02%
	DBX	B	-0.02%
	ST	F	-0.02%
	CROX	D	-0.02%
	ROIV	C	-0.02%
	AVT	C	-0.02%
	FRPT	B	-0.02%
	AGO	B	-0.02%
	SON	D	-0.02%
	HXL	D	-0.02%
	SEE	C	-0.02%
	OLN	D	-0.02%
	BYD	C	-0.02%
	TKR	D	-0.02%
	AL	B	-0.02%
	UGI	A	-0.02%
	BFAM	D	-0.02%
	OZK	B	-0.02%
	POST	C	-0.02%
	BC	C	-0.02%
	SLM	A	-0.02%
	LFUS	F	-0.02%
	SN	D	-0.02%
	LEA	D	-0.02%
	WMS	D	-0.02%
	LITE	B	-0.02%
	CRUS	D	-0.02%
	EXAS	D	-0.02%
	RGEN	D	-0.02%
	NFG	A	-0.02%
	OLLI	D	-0.02%
	DOCS	C	-0.02%
	THO	B	-0.02%
	JHG	A	-0.02%
	H	B	-0.02%
	ONTO	D	-0.02%
	IDA	A	-0.02%
	AGCO	D	-0.02%
	SAIA	B	-0.02%
	THG	A	-0.02%
	PVH	C	-0.02%
	FNB	A	-0.02%
	XP	F	-0.02%
	VNT	B	-0.02%
	STWD	C	-0.02%
	WHR	B	-0.02%
	AMG	B	-0.02%
	S	B	-0.02%
	BPOP	B	-0.02%
	BIO	D	-0.02%
	ARW	D	-0.02%
	MTDR	B	-0.02%
	COLD	D	-0.02%
	ESI	A	-0.02%
	LNC	B	-0.02%
	NOV	C	-0.02%
	OKTA	C	-0.02%
	SIRI	C	-0.02%
	OMF	A	-0.02%
	KD	B	-0.02%
	SAIC	F	-0.02%
	MSA	D	-0.02%
	MAT	D	-0.02%
	DDS	B	-0.01%
	SNDR	B	-0.01%
	TRIP	F	-0.01%
	REYN	D	-0.01%
	FTRE	D	-0.01%
	QS	F	-0.01%
	WEN	D	-0.01%
	LEG	F	-0.01%
	EXEL	B	-0.01%
	CNXC	F	-0.01%
	UA	C	-0.01%
	LCID	F	-0.01%
	CLVT	F	-0.01%
	BIRK	D	-0.01%
	SHC	F	-0.01%
	ADTN	A	-0.01%
	VSTS	C	-0.01%
	RKT	F	-0.01%
	CRI	D	-0.01%
	PPC	C	-0.01%
	AZEK	A	-0.01%
	BRKR	D	-0.01%
	PSTG	D	-0.01%
	GO	C	-0.01%
	KSS	F	-0.01%
	ETSY	D	-0.01%
	LYFT	C	-0.01%
	MP	B	-0.01%
	IPGP	D	-0.01%
	GLOB	B	-0.01%
	UAA	C	-0.01%
	RCM	F	-0.01%
	AAP	C	-0.01%
	SAM	C	-0.01%
	AZTA	D	-0.01%
	YETI	C	-0.01%
	PINC	B	-0.01%
	ALGM	D	-0.01%
	HHH	B	-0.01%
	CPRI	F	-0.01%
	LPX	B	-0.01%
	CNM	D	-0.01%
	CWEN	C	-0.01%
	EXP	A	-0.01%
	JWN	C	-0.01%
	HAYW	B	-0.01%
	ENOV	C	-0.01%
	BOKF	B	-0.01%
	MPW	F	-0.01%
	SPB	C	-0.01%
	BROS	B	-0.01%
	CC	C	-0.01%
	AGR	B	-0.01%
	CXT	B	-0.01%
	COTY	F	-0.01%
	COLM	B	-0.01%
	VIRT	B	-0.01%
	AMKR	D	-0.01%
	U	C	-0.01%
	AMED	F	-0.01%
	MAN	D	-0.01%
	PAG	B	-0.01%
	WU	D	-0.01%
	PK	B	-0.01%
	NXST	C	-0.01%
	IRDM	D	-0.01%
	SPR	D	-0.01%
	PENN	C	-0.01%
	NSA	D	-0.01%
	LOPE	B	-0.01%
	SMG	D	-0.01%
	VAC	B	-0.01%
	ZI	D	-0.01%
	HUN	F	-0.01%
	MASI	A	-0.01%
	ZG	A	-0.01%
	EPR	D	-0.01%
	ALNY	D	-0.01%
	BHF	B	-0.01%
	ACHC	F	-0.01%
	ASH	D	-0.01%
	AM	A	-0.01%
	FHB	A	-0.01%
	CLF	F	-0.01%
	UHAL	D	-0.01%
	IAC	D	-0.01%
	PII	D	-0.01%
	HIW	D	-0.01%
	NVST	B	-0.01%
	W	F	-0.01%
	NEU	C	-0.01%
	OLED	D	-0.01%
	PRGO	B	-0.01%
	GFS	C	-0.01%
	TNL	A	-0.01%
	MSM	C	-0.01%
	CIVI	D	-0.01%
	MDU	D	-0.01%
	MSGS	A	-0.01%
	DNB	B	-0.01%
	DXC	B	-0.01%
	PLNT	A	-0.01%
	XRAY	F	-0.01%
	RH	B	-0.01%
	SEG	B	-0.0%
	UWMC	D	-0.0%
	IONS	F	-0.0%
	TXG	F	-0.0%
	CACC	D	-0.0%
	DJT	C	-0.0%
	SEB	F	-0.0%
	PATH	C	-0.0%
	PYCR	C	-0.0%
	HCP	B	-0.0%
	WOLF	F	-0.0%
	CERT	F	-0.0%
	LSCC	D	-0.0%
	TFSL	A	-0.0%
	FIVE	F	-0.0%
	MTN	C	-0.0%
	CAR	C	-0.0%
	CNA	B	-0.0%
	INFA	D	-0.0%
	LBRDA	C	-0.0%
	CWEN	C	-0.0%
	DV	C	-0.0%
	NCNO	B	-0.0%

SPXE: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services Insurance - Property & Casualty

Keywords: S&P 500 Nasdaq 100 Computing Electricity Insurance Dow Jones Component Natural Gas Electronics Medicine Real Estate Investment Trust Telecommunications Aerospace Bank Semiconductor Banking Chemical Insurance Products Transport Investment Bank Mobile Devices

GVUS: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Utilities - Regulated Electric Software - Application Asset Management Oil & Gas E&P Business Services Semiconductors Biotechnology Diagnostics & Research Specialty Retail Capital Markets Packaged Foods Specialty Chemicals Information Technology Services Insurance - Property & Casualty Packaging & Containers Aerospace & Defense Software - Infrastructure REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Bank Electronics Banking Real Estate Investment Trust Chemical Computing Aerospace Electricity Mining Telecommunications Insurance Products Semiconductor Biotechnology Dow Jones Component Beverage Medicine