SPY vs. ESG ETF Comparison

Comparison of SPDR S&P 500 (SPY) to FlexShares STOXX US ESG Impact Index Fund (ESG)

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$595.51

Average Daily Volume

43,227,909

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

ESG

FlexShares STOXX US ESG Impact Index Fund

ESG Description

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXX US ESG Impact Index.

Grade (RS Rating)

Last Trade

$140.22

Average Daily Volume

4,414

Number of Holdings ^*

259

* may have additional holdings in another (foreign) market

Performance

Period	SPY	ESG
30 Days	3.03%	3.59%
60 Days	4.54%	3.59%
90 Days	6.26%	6.22%
12 Months	32.65%	27.36%

236 Overlapping Holdings

Symbol	Grade	Weight in SPY	Weight in ESG	Overlap
A	D	0.08%	0.06%	0.06%
AAPL	C	6.89%	4.84%	4.84%
ABT	B	0.4%	0.66%	0.4%
ACN	C	0.45%	1.12%	0.45%
ADBE	C	0.47%	0.76%	0.47%
ADM	D	0.05%	0.08%	0.05%
ADP	B	0.24%	0.5%	0.24%
ADSK	A	0.13%	0.33%	0.13%
AEP	D	0.1%	0.2%	0.1%
AES	F	0.02%	0.04%	0.02%
AFL	B	0.11%	0.23%	0.11%
AIG	B	0.1%	0.08%	0.08%
AJG	B	0.13%	0.16%	0.13%
AKAM	D	0.03%	0.03%	0.03%
ALL	A	0.1%	0.08%	0.08%
AMAT	F	0.31%	0.5%	0.31%
AMD	F	0.45%	0.74%	0.45%
AMT	D	0.18%	0.37%	0.18%
AMZN	C	3.92%	5.34%	3.92%
AON	A	0.16%	0.27%	0.16%
APTV	D	0.03%	0.04%	0.03%
ARE	D	0.03%	0.05%	0.03%
AVGO	D	1.58%	1.95%	1.58%
AWK	D	0.05%	0.13%	0.05%
AZO	C	0.11%	0.09%	0.09%
BAC	A	0.62%	1.03%	0.62%
BALL	D	0.04%	0.07%	0.04%
BAX	D	0.03%	0.04%	0.03%
BBY	D	0.04%	0.09%	0.04%
BDX	F	0.13%	0.11%	0.11%
BG	F	0.02%	0.03%	0.02%
BK	A	0.11%	0.23%	0.11%
BKNG	A	0.33%	0.55%	0.33%
BKR	B	0.09%	0.1%	0.09%
BLK	C	0.29%	0.72%	0.29%
BMY	B	0.24%	0.39%	0.24%
BR	A	0.05%	0.09%	0.05%
BRK.A	B	1.7%	3.02%	1.7%
BSX	B	0.26%	0.21%	0.21%
C	A	0.26%	0.64%	0.26%
CAG	D	0.03%	0.03%	0.03%
CAH	B	0.06%	0.09%	0.06%
CAT	B	0.37%	0.31%	0.31%
CB	C	0.21%	0.26%	0.21%
CBRE	B	0.08%	0.2%	0.08%
CCL	B	0.05%	0.08%	0.05%
CDNS	B	0.16%	0.13%	0.13%
CEG	D	0.14%	0.18%	0.14%
CI	F	0.18%	0.3%	0.18%
CL	D	0.15%	0.31%	0.15%
CLX	B	0.04%	0.1%	0.04%
CMG	B	0.16%	0.27%	0.16%
CMI	A	0.1%	0.17%	0.1%
CMS	C	0.04%	0.05%	0.04%
COST	B	0.81%	1.01%	0.81%
CRM	B	0.64%	0.53%	0.53%
CRWD	B	0.16%	0.26%	0.16%
CSCO	B	0.46%	0.96%	0.46%
CTAS	B	0.15%	0.37%	0.15%
CTSH	B	0.08%	0.1%	0.08%
CTVA	C	0.08%	0.06%	0.06%
CVS	D	0.14%	0.28%	0.14%
CVX	A	0.55%	1.36%	0.55%
D	C	0.09%	0.08%	0.08%
DD	D	0.07%	0.12%	0.07%
DE	A	0.2%	0.44%	0.2%
DECK	A	0.05%	0.11%	0.05%
DFS	B	0.09%	0.18%	0.09%
DG	F	0.03%	0.02%	0.02%
DIS	B	0.39%	0.81%	0.39%
DLTR	F	0.03%	0.04%	0.03%
DOC	D	0.03%	0.08%	0.03%
DOV	A	0.06%	0.05%	0.05%
DOW	F	0.06%	0.1%	0.06%
DPZ	C	0.03%	0.04%	0.03%
DUK	C	0.17%	0.21%	0.17%
EA	A	0.08%	0.13%	0.08%
EBAY	D	0.06%	0.1%	0.06%
ECL	D	0.12%	0.17%	0.12%
ED	D	0.07%	0.05%	0.05%
EIX	B	0.06%	0.13%	0.06%
EL	F	0.03%	0.06%	0.03%
ELV	F	0.19%	0.39%	0.19%
EMR	A	0.15%	0.12%	0.12%
ESS	B	0.04%	0.06%	0.04%
ETR	B	0.06%	0.08%	0.06%
EW	C	0.08%	0.13%	0.08%
EXPD	D	0.03%	0.03%	0.03%
EXPE	B	0.05%	0.07%	0.05%
FANG	D	0.07%	0.05%	0.05%
FCX	D	0.12%	0.15%	0.12%
FDS	B	0.04%	0.1%	0.04%
FDX	B	0.13%	0.22%	0.13%
FFIV	B	0.03%	0.02%	0.02%
FITB	A	0.06%	0.08%	0.06%
FTV	C	0.05%	0.1%	0.05%
GEHC	F	0.08%	0.17%	0.08%
GEN	B	0.03%	0.07%	0.03%
GILD	C	0.23%	0.28%	0.23%
GIS	D	0.07%	0.18%	0.07%
GLW	B	0.07%	0.06%	0.06%
GM	B	0.13%	0.32%	0.13%
GS	A	0.37%	0.92%	0.37%
GWW	B	0.1%	0.17%	0.1%
HBAN	A	0.05%	0.06%	0.05%
HD	A	0.8%	0.99%	0.8%
HIG	B	0.07%	0.14%	0.07%
HLT	A	0.12%	0.25%	0.12%
HOLX	D	0.04%	0.06%	0.04%
HPE	B	0.06%	0.12%	0.06%
HPQ	B	0.07%	0.17%	0.07%
HST	C	0.02%	0.02%	0.02%
HSY	F	0.05%	0.1%	0.05%
IBM	C	0.38%	0.95%	0.38%
ICE	C	0.18%	0.44%	0.18%
IDXX	F	0.07%	0.06%	0.06%
IEX	B	0.03%	0.04%	0.03%
INTC	D	0.21%	0.53%	0.21%
INTU	C	0.39%	0.48%	0.39%
IPG	D	0.02%	0.06%	0.02%
IQV	D	0.07%	0.12%	0.07%
IRM	D	0.07%	0.13%	0.07%
IT	C	0.08%	0.17%	0.08%
ITW	B	0.14%	0.13%	0.13%
JBL	B	0.03%	0.03%	0.03%
JNJ	D	0.73%	1.79%	0.73%
JPM	A	1.37%	3.38%	1.37%
K	A	0.04%	0.09%	0.04%
KDP	D	0.07%	0.06%	0.06%
KEY	B	0.04%	0.05%	0.04%
KHC	F	0.06%	0.09%	0.06%
KLAC	D	0.17%	0.15%	0.15%
KMB	D	0.09%	0.22%	0.09%
KO	D	0.48%	1.2%	0.48%
KR	B	0.08%	0.2%	0.08%
LKQ	D	0.02%	0.02%	0.02%
LLY	F	1.23%	2.2%	1.23%
LNT	A	0.03%	0.05%	0.03%
LOW	D	0.31%	0.51%	0.31%
LRCX	F	0.19%	0.24%	0.19%
LULU	C	0.08%	0.19%	0.08%
LVS	C	0.03%	0.04%	0.03%
MA	C	0.85%	1.06%	0.85%
MAR	B	0.13%	0.28%	0.13%
MAS	D	0.03%	0.03%	0.03%
MCD	D	0.43%	0.35%	0.35%
MCK	B	0.16%	0.26%	0.16%
MCO	B	0.15%	0.13%	0.13%
MDLZ	F	0.17%	0.36%	0.17%
MDT	D	0.22%	0.36%	0.22%
MET	A	0.1%	0.2%	0.1%
META	D	2.5%	5.19%	2.5%
MKC	D	0.04%	0.06%	0.04%
MMC	B	0.22%	0.27%	0.22%
MRK	F	0.5%	1.02%	0.5%
MRNA	F	0.03%	0.04%	0.03%
MRO	B	0.03%	0.05%	0.03%
MS	A	0.33%	0.26%	0.26%
MSCI	C	0.09%	0.12%	0.09%
MSFT	F	6.3%	4.72%	4.72%
MU	D	0.22%	0.54%	0.22%
NDAQ	A	0.06%	0.13%	0.06%
NDSN	B	0.03%	0.04%	0.03%
NEM	D	0.09%	0.19%	0.09%
NI	A	0.03%	0.04%	0.03%
NKE	D	0.18%	0.22%	0.18%
NOW	A	0.43%	0.36%	0.36%
NRG	B	0.04%	0.04%	0.04%
NTAP	C	0.05%	0.08%	0.05%
NXPI	D	0.11%	0.23%	0.11%
OMC	C	0.04%	0.1%	0.04%
ORCL	B	0.59%	0.74%	0.59%
OTIS	C	0.08%	0.16%	0.08%
PANW	C	0.25%	0.32%	0.25%
PEG	A	0.09%	0.14%	0.09%
PFE	D	0.29%	0.36%	0.29%
PFG	D	0.04%	0.08%	0.04%
PG	A	0.78%	1.94%	0.78%
PNR	A	0.03%	0.07%	0.03%
PPL	B	0.05%	0.04%	0.04%
PSA	D	0.1%	0.09%	0.09%
PYPL	B	0.17%	0.29%	0.17%
QCOM	F	0.36%	0.6%	0.36%
RF	A	0.05%	0.06%	0.05%
ROK	B	0.06%	0.13%	0.06%
ROST	C	0.09%	0.2%	0.09%
RSG	A	0.08%	0.07%	0.07%
SBUX	A	0.22%	0.19%	0.19%
SHW	A	0.18%	0.15%	0.15%
SJM	D	0.02%	0.02%	0.02%
SLB	C	0.12%	0.31%	0.12%
SMCI	F	0.02%	0.05%	0.02%
SNPS	B	0.17%	0.21%	0.17%
SPGI	C	0.32%	0.65%	0.32%
SRE	A	0.11%	0.14%	0.11%
STT	A	0.06%	0.07%	0.06%
STX	D	0.04%	0.03%	0.03%
STZ	D	0.08%	0.07%	0.07%
SWK	D	0.03%	0.04%	0.03%
SYK	C	0.26%	0.56%	0.26%
TFC	A	0.12%	0.21%	0.12%
TFX	F	0.02%	0.02%	0.02%
TGT	F	0.14%	0.29%	0.14%
TJX	A	0.27%	0.67%	0.27%
TRV	B	0.12%	0.24%	0.12%
TSCO	D	0.06%	0.12%	0.06%
TSLA	B	1.72%	2.83%	1.72%
TSN	B	0.04%	0.03%	0.03%
TT	A	0.18%	0.38%	0.18%
TXN	C	0.37%	0.62%	0.37%
UBER	D	0.3%	0.49%	0.3%
UNH	C	1.09%	0.91%	0.91%
UNP	C	0.28%	0.58%	0.28%
USB	A	0.16%	0.39%	0.16%
V	A	1.02%	2.11%	1.02%
VICI	C	0.07%	0.17%	0.07%
VLO	C	0.09%	0.11%	0.09%
VRSK	A	0.08%	0.13%	0.08%
VRTX	F	0.25%	0.4%	0.25%
VTR	C	0.05%	0.07%	0.05%
VZ	C	0.34%	0.28%	0.28%
WAB	B	0.07%	0.09%	0.07%
WDC	D	0.04%	0.11%	0.04%
WELL	A	0.15%	0.32%	0.15%
WM	A	0.16%	0.13%	0.13%
WMT	A	0.73%	1.82%	0.73%
WST	C	0.05%	0.04%	0.04%
WTW	B	0.06%	0.15%	0.06%
WY	D	0.04%	0.11%	0.04%
XEL	A	0.08%	0.06%	0.06%
XOM	B	1.06%	2.63%	1.06%
XYL	D	0.06%	0.1%	0.06%
YUM	B	0.08%	0.12%	0.08%
ZBH	C	0.04%	0.04%	0.04%
ZBRA	B	0.04%	0.07%	0.04%
ZTS	D	0.16%	0.32%	0.16%

SPY Overweight 263 Positions Relative to ESG

Symbol	Grade	Weight
NVDA	C	7.17%
GOOGL	C	2.04%
GOOG	C	1.69%
NFLX	A	0.71%
ABBV	D	0.6%
WFC	A	0.49%
PEP	F	0.45%
LIN	D	0.43%
PM	B	0.4%
TMO	F	0.4%
ISRG	A	0.38%
GE	D	0.38%
CMCSA	B	0.33%
AMGN	D	0.32%
T	A	0.32%
AXP	A	0.32%
DHR	F	0.31%
NEE	D	0.31%
RTX	C	0.31%
HON	B	0.3%
PGR	A	0.3%
ETN	A	0.29%
BX	A	0.26%
COP	C	0.26%
PLTR	B	0.24%
SCHW	B	0.24%
FI	A	0.24%
LMT	D	0.23%
TMUS	B	0.23%
ADI	D	0.21%
PLD	D	0.21%
ANET	C	0.2%
BA	F	0.2%
KKR	A	0.2%
MO	A	0.19%
SO	D	0.19%
UPS	C	0.19%
GEV	B	0.18%
PH	A	0.18%
EQIX	A	0.17%
APH	A	0.17%
CME	A	0.16%
MSI	B	0.16%
PNC	B	0.16%
REGN	F	0.16%
GD	F	0.15%
EOG	A	0.15%
NOC	D	0.14%
CSX	B	0.14%
COF	B	0.14%
APD	A	0.14%
ORLY	B	0.14%
TDG	D	0.14%
MMM	D	0.14%
CARR	D	0.13%
OKE	A	0.13%
HCA	F	0.13%
WMB	A	0.13%
ABNB	C	0.12%
NSC	B	0.12%
FTNT	C	0.12%
PCAR	B	0.12%
ROP	B	0.12%
MPC	D	0.11%
PSX	C	0.11%
SPG	B	0.11%
DLR	B	0.11%
AMP	A	0.11%
RCL	A	0.11%
URI	B	0.11%
FICO	B	0.11%
JCI	C	0.11%
DHI	D	0.1%
FIS	C	0.1%
O	D	0.1%
CPRT	A	0.1%
KMI	A	0.1%
F	C	0.09%
AXON	A	0.09%
CCI	D	0.09%
AME	A	0.09%
PCG	A	0.09%
PRU	A	0.09%
KVUE	A	0.09%
HWM	A	0.09%
PAYX	C	0.09%
FAST	B	0.09%
LHX	C	0.09%
VST	B	0.09%
PWR	A	0.09%
EXC	C	0.08%
CHTR	C	0.08%
DELL	C	0.08%
MNST	C	0.08%
HES	B	0.08%
LEN	D	0.08%
IR	B	0.08%
DAL	C	0.08%
TRGP	B	0.08%
ODFL	B	0.08%
COR	B	0.08%
RMD	C	0.07%
HUM	C	0.07%
OXY	D	0.07%
EXR	D	0.07%
NUE	C	0.07%
MCHP	D	0.07%
MTB	A	0.07%
MLM	B	0.07%
SYY	B	0.07%
VMC	B	0.07%
ACGL	D	0.07%
MPWR	F	0.06%
NVR	D	0.06%
ON	D	0.06%
PPG	F	0.06%
GPN	B	0.06%
TTWO	A	0.06%
RJF	A	0.06%
ANSS	B	0.06%
DXCM	D	0.06%
UAL	A	0.06%
WEC	A	0.06%
CSGP	D	0.06%
CNC	D	0.06%
AVB	B	0.06%
EFX	F	0.06%
GRMN	B	0.06%
IFF	D	0.05%
PTC	A	0.05%
CINF	A	0.05%
SBAC	D	0.05%
HUBB	B	0.05%
AEE	A	0.05%
BIIB	F	0.05%
CDW	F	0.05%
DVN	F	0.05%
DTE	C	0.05%
SW	A	0.05%
EQR	B	0.05%
EQT	B	0.05%
VLTO	D	0.05%
SYF	B	0.05%
CPAY	A	0.05%
BRO	B	0.05%
GDDY	A	0.05%
MTD	D	0.05%
TYL	B	0.05%
CHD	B	0.05%
HAL	C	0.05%
TROW	B	0.05%
KEYS	A	0.05%
PHM	D	0.05%
J	F	0.04%
WRB	A	0.04%
MOH	F	0.04%
ULTA	F	0.04%
PODD	C	0.04%
MAA	B	0.04%
CTRA	B	0.04%
SNA	A	0.04%
INVH	D	0.04%
LUV	C	0.04%
CNP	B	0.04%
IP	B	0.04%
STLD	B	0.04%
LH	C	0.04%
DRI	B	0.04%
LYV	A	0.04%
CBOE	B	0.04%
CFG	B	0.04%
FSLR	F	0.04%
FE	C	0.04%
PKG	A	0.04%
BLDR	D	0.04%
NTRS	A	0.04%
LYB	F	0.04%
STE	F	0.04%
ES	D	0.04%
WBD	C	0.04%
TDY	B	0.04%
WAT	B	0.04%
ATO	A	0.04%
LDOS	C	0.04%
JNPR	F	0.03%
CPT	B	0.03%
CHRW	C	0.03%
TPR	B	0.03%
UDR	B	0.03%
SWKS	F	0.03%
POOL	C	0.03%
EPAM	C	0.03%
ROL	B	0.03%
RVTY	F	0.03%
EVRG	A	0.03%
AMCR	D	0.03%
JBHT	C	0.03%
VTRS	A	0.03%
L	A	0.03%
VRSN	F	0.03%
CF	B	0.03%
ALGN	D	0.03%
EG	C	0.03%
AVY	D	0.03%
TXT	D	0.03%
KIM	A	0.03%
GPC	D	0.03%
TRMB	B	0.03%
TER	D	0.03%
DGX	A	0.03%
HII	D	0.02%
BWA	D	0.02%
IVZ	B	0.02%
MTCH	D	0.02%
CE	F	0.02%
HAS	D	0.02%
APA	D	0.02%
MOS	F	0.02%
CZR	F	0.02%
HSIC	B	0.02%
RL	B	0.02%
FRT	B	0.02%
ENPH	F	0.02%
MGM	D	0.02%
WYNN	D	0.02%
CPB	D	0.02%
AOS	F	0.02%
HRL	D	0.02%
SOLV	C	0.02%
GL	B	0.02%
MKTX	D	0.02%
ERIE	D	0.02%
CRL	C	0.02%
PNW	B	0.02%
CTLT	B	0.02%
FOXA	B	0.02%
PAYC	B	0.02%
NWSA	B	0.02%
TAP	C	0.02%
AIZ	A	0.02%
GNRC	B	0.02%
TECH	D	0.02%
BXP	D	0.02%
LW	C	0.02%
NCLH	B	0.02%
EMN	D	0.02%
UHS	D	0.02%
ALB	C	0.02%
REG	B	0.02%
DAY	B	0.02%
KMX	B	0.02%
ALLE	D	0.02%
INCY	C	0.02%
JKHY	D	0.02%
NWS	B	0.01%
FOX	A	0.01%
QRVO	F	0.01%
WBA	F	0.01%
BEN	C	0.01%
PARA	C	0.01%
FMC	D	0.01%
DVA	B	0.01%
MHK	D	0.01%

SPY Underweight 23 Positions Relative to ESG

Symbol	Grade	Weight
APO	B	-0.35%
FLUT	A	-0.23%
HUBS	A	-0.14%
LII	A	-0.09%
LNG	B	-0.08%
NU	C	-0.08%
CCEP	C	-0.08%
WSM	B	-0.08%
XPO	B	-0.07%
NVT	B	-0.06%
ACM	A	-0.06%
BURL	A	-0.05%
DOX	D	-0.05%
SUI	D	-0.05%
RPRX	D	-0.05%
SNAP	C	-0.04%
OC	A	-0.03%
LECO	B	-0.03%
OKTA	C	-0.02%
DKS	C	-0.02%
RNR	C	-0.02%
AVTR	F	-0.02%
PSTG	D	-0.02%