SSPY vs. FELV ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to Fidelity Enhanced Large Cap Value ETF (FELV)

SSPY

Syntax Stratified LargeCap ETF

SSPY 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 in the Syntax Stratified LargeCap Index (the "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 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$82.04

Average Daily Volume

2,303

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$32.56

Average Daily Volume

106,908

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	FELV
30 Days	4.23%	4.38%
60 Days	1.79%	5.85%
90 Days	3.72%	7.57%
12 Months	23.81%	29.90%

229 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in FELV	Overlap
A	D	0.15%	0.09%	0.09%
AAPL	C	0.5%	0.19%	0.19%
ABBV	D	0.24%	0.85%	0.24%
ABT	B	0.06%	0.54%	0.06%
ACN	C	0.13%	0.34%	0.13%
ADBE	C	0.16%	0.37%	0.16%
ADI	D	0.22%	0.04%	0.04%
ADM	D	0.37%	0.1%	0.1%
ADP	B	0.21%	0.1%	0.1%
AEP	D	0.24%	0.08%	0.08%
AES	F	0.32%	0.16%	0.16%
AIZ	A	0.2%	0.11%	0.11%
ALL	A	0.2%	0.19%	0.19%
ALLE	D	0.08%	0.54%	0.08%
AMAT	F	0.18%	0.42%	0.18%
AMD	F	0.14%	0.02%	0.02%
AME	A	0.13%	0.26%	0.13%
AMGN	D	0.24%	0.15%	0.15%
AMT	D	0.06%	0.14%	0.06%
AMZN	C	0.22%	0.08%	0.08%
ANSS	B	0.17%	0.01%	0.01%
AON	A	0.04%	0.59%	0.04%
AVGO	D	0.23%	0.12%	0.12%
AXP	A	0.04%	0.2%	0.04%
BAC	A	0.12%	1.77%	0.12%
BBWI	D	0.19%	0.08%	0.08%
BBY	D	0.17%	0.15%	0.15%
BDX	F	0.05%	0.74%	0.05%
BIIB	F	0.24%	0.3%	0.24%
BK	A	0.11%	0.63%	0.11%
BKR	B	0.35%	0.1%	0.1%
BLDR	D	0.19%	0.01%	0.01%
BLK	C	0.08%	0.37%	0.08%
BMY	B	0.25%	0.84%	0.25%
BRK.A	B	0.5%	3.64%	0.5%
BSX	B	0.06%	0.19%	0.06%
C	A	0.13%	0.48%	0.13%
CAH	B	0.19%	0.3%	0.19%
CAT	B	0.14%	0.54%	0.14%
CCI	D	0.06%	0.57%	0.06%
CCL	B	0.09%	0.13%	0.09%
CEG	D	0.38%	0.17%	0.17%
CI	F	0.19%	0.6%	0.19%
CINF	A	0.14%	0.22%	0.14%
CL	D	0.41%	0.54%	0.41%
CLX	B	0.41%	0.25%	0.25%
CMCSA	B	0.52%	1.13%	0.52%
CME	A	0.04%	0.57%	0.04%
CMG	B	0.5%	0.07%	0.07%
CMI	A	0.08%	0.34%	0.08%
CNC	D	0.26%	0.23%	0.23%
CNP	B	0.26%	0.15%	0.15%
COF	B	0.7%	0.47%	0.47%
COP	C	0.07%	0.56%	0.07%
CRM	B	0.35%	0.22%	0.22%
CSCO	B	0.21%	1.07%	0.21%
CSGP	D	0.04%	0.04%	0.04%
CSX	B	0.08%	0.34%	0.08%
CTAS	B	0.18%	0.43%	0.18%
CTRA	B	0.17%	0.05%	0.05%
CVS	D	0.69%	0.3%	0.3%
CVX	A	0.76%	0.53%	0.53%
DD	D	0.05%	0.48%	0.05%
DELL	C	0.17%	0.08%	0.08%
DFS	B	0.69%	0.05%	0.05%
DGX	A	0.16%	0.01%	0.01%
DHI	D	0.24%	0.03%	0.03%
DHR	F	0.1%	0.17%	0.1%
DIS	B	0.21%	0.8%	0.21%
DOC	D	0.11%	0.22%	0.11%
DTE	C	0.25%	0.19%	0.19%
DUK	C	0.07%	0.28%	0.07%
DVN	F	0.16%	0.34%	0.16%
EA	A	0.49%	0.11%	0.11%
ECL	D	0.05%	0.5%	0.05%
ED	D	0.24%	0.22%	0.22%
EIX	B	0.25%	0.17%	0.17%
ELV	F	0.24%	0.11%	0.11%
EOG	A	0.07%	0.53%	0.07%
EQIX	A	0.27%	0.2%	0.2%
EQR	B	0.1%	0.17%	0.1%
ES	D	0.07%	0.13%	0.07%
ETN	A	0.26%	0.76%	0.26%
EVRG	A	0.08%	0.35%	0.08%
EW	C	0.06%	0.06%	0.06%
EXC	C	0.3%	0.24%	0.24%
F	C	0.25%	0.33%	0.25%
FANG	D	0.07%	0.09%	0.07%
FTV	C	0.03%	0.33%	0.03%
GD	F	0.16%	0.14%	0.14%
GE	D	0.17%	1.05%	0.17%
GEHC	F	0.1%	0.16%	0.1%
GEV	B	0.18%	0.28%	0.18%
GILD	C	0.25%	0.92%	0.25%
GIS	D	0.21%	0.05%	0.05%
GL	B	0.2%	0.28%	0.2%
GLW	B	0.19%	0.01%	0.01%
GPN	B	0.04%	0.09%	0.04%
GRMN	B	0.33%	0.11%	0.11%
GS	A	0.25%	0.34%	0.25%
HAL	C	0.34%	0.13%	0.13%
HD	A	0.26%	0.45%	0.26%
HON	B	0.17%	0.08%	0.08%
HPE	B	0.19%	0.21%	0.19%
HUM	C	0.26%	0.14%	0.14%
HWM	A	0.08%	0.12%	0.08%
IBM	C	0.34%	0.27%	0.27%
ICE	C	0.04%	0.18%	0.04%
IFF	D	0.05%	0.08%	0.05%
INCY	C	0.25%	0.22%	0.22%
INTC	D	0.16%	0.85%	0.16%
IQV	D	0.14%	0.17%	0.14%
ITW	B	0.17%	0.12%	0.12%
JCI	C	0.08%	0.21%	0.08%
JNJ	D	0.24%	1.02%	0.24%
JPM	A	0.13%	2.93%	0.13%
KEY	B	0.06%	0.18%	0.06%
KHC	F	0.21%	0.12%	0.12%
KLAC	D	0.17%	0.03%	0.03%
KMB	D	0.42%	0.14%	0.14%
KMI	A	0.25%	0.24%	0.24%
KR	B	0.74%	0.31%	0.31%
L	A	0.49%	0.35%	0.35%
LDOS	C	0.13%	0.47%	0.13%
LH	C	0.16%	0.08%	0.08%
LHX	C	0.08%	0.45%	0.08%
LIN	D	0.04%	0.46%	0.04%
LMT	D	0.09%	0.64%	0.09%
LOW	D	0.26%	0.07%	0.07%
MA	C	0.04%	0.28%	0.04%
MCD	D	0.5%	0.28%	0.28%
MCK	B	0.18%	0.09%	0.09%
MDLZ	F	0.18%	0.06%	0.06%
MDT	D	0.06%	0.4%	0.06%
META	D	0.47%	0.21%	0.21%
MGM	D	0.07%	0.21%	0.07%
MKC	D	0.21%	0.08%	0.08%
MMC	B	0.04%	0.38%	0.04%
MMM	D	0.17%	0.6%	0.17%
MO	A	0.35%	0.28%	0.28%
MS	A	0.26%	0.54%	0.26%
MSCI	C	0.04%	0.19%	0.04%
MSI	B	0.49%	0.2%	0.2%
MU	D	0.15%	0.86%	0.15%
NEE	D	0.24%	0.81%	0.24%
NEM	D	0.25%	0.05%	0.05%
NFLX	A	0.22%	0.19%	0.19%
NOC	D	0.09%	0.63%	0.09%
NSC	B	0.08%	0.57%	0.08%
NTAP	C	0.17%	0.12%	0.12%
NUE	C	0.26%	0.34%	0.26%
NVDA	C	0.13%	0.17%	0.13%
NWS	B	0.1%	0.03%	0.03%
NWSA	B	0.1%	0.06%	0.06%
OXY	D	0.07%	0.15%	0.07%
PCAR	B	0.13%	0.39%	0.13%
PCG	A	0.08%	0.39%	0.08%
PEG	A	0.26%	0.1%	0.1%
PFE	D	0.24%	0.85%	0.24%
PFG	D	0.21%	0.16%	0.16%
PG	A	0.42%	1.24%	0.42%
PGR	A	0.19%	0.35%	0.19%
PH	A	0.08%	0.12%	0.08%
PHM	D	0.25%	0.01%	0.01%
PKG	A	0.06%	0.13%	0.06%
PM	B	0.35%	1.31%	0.35%
PNC	B	0.06%	0.7%	0.06%
PNR	A	0.19%	0.19%	0.19%
PPG	F	0.07%	0.57%	0.07%
PRU	A	0.2%	0.17%	0.17%
PSA	D	0.11%	0.52%	0.11%
PYPL	B	0.06%	0.79%	0.06%
QCOM	F	0.22%	0.5%	0.22%
QRVO	F	0.21%	0.11%	0.11%
RCL	A	0.09%	0.15%	0.09%
REG	B	0.06%	0.07%	0.06%
RJF	A	0.25%	0.03%	0.03%
ROP	B	0.03%	0.01%	0.01%
ROST	C	0.72%	0.11%	0.11%
RSG	A	0.18%	0.66%	0.18%
RTX	C	0.08%	0.7%	0.08%
SCHW	B	0.25%	0.88%	0.25%
SO	D	0.08%	0.12%	0.08%
SOLV	C	0.05%	0.12%	0.05%
SPG	B	0.07%	0.18%	0.07%
SPGI	C	0.04%	0.63%	0.04%
STLD	B	0.27%	0.33%	0.27%
STT	A	0.12%	0.15%	0.12%
SWKS	F	0.21%	0.13%	0.13%
SYF	B	0.69%	0.03%	0.03%
SYK	C	0.12%	0.26%	0.12%
T	A	0.33%	1.02%	0.33%
TAP	C	0.25%	0.16%	0.16%
TFC	A	0.06%	0.24%	0.06%
TFX	F	0.05%	0.03%	0.03%
TGT	F	0.17%	0.01%	0.01%
TJX	A	0.72%	0.28%	0.28%
TMO	F	0.14%	0.73%	0.14%
TMUS	B	0.33%	0.56%	0.33%
TPR	B	0.33%	0.1%	0.1%
TRGP	B	0.24%	0.09%	0.09%
TRMB	B	0.03%	0.05%	0.03%
TROW	B	0.09%	0.13%	0.09%
TRV	B	0.14%	0.28%	0.14%
TT	A	0.07%	0.52%	0.07%
TXN	C	0.23%	0.16%	0.16%
TXT	D	0.16%	0.53%	0.16%
UAL	A	0.28%	0.03%	0.03%
UHS	D	0.32%	0.12%	0.12%
UNH	C	0.26%	1.57%	0.26%
UNP	C	0.08%	0.75%	0.08%
UPS	C	0.09%	0.06%	0.06%
VICI	C	0.06%	0.25%	0.06%
VLTO	D	0.03%	0.04%	0.03%
VMC	B	0.17%	0.28%	0.17%
VRTX	F	0.23%	0.09%	0.09%
VST	B	0.41%	0.07%	0.07%
VZ	C	0.33%	0.68%	0.33%
WAB	B	0.13%	0.45%	0.13%
WBD	C	0.19%	0.09%	0.09%
WDC	D	0.17%	0.14%	0.14%
WFC	A	0.13%	1.22%	0.13%
WM	A	0.18%	0.25%	0.18%
WMB	A	0.25%	0.12%	0.12%
WMT	A	0.73%	1.76%	0.73%
WTW	B	0.03%	0.26%	0.03%
XEL	A	0.08%	0.25%	0.08%
XOM	B	0.77%	2.51%	0.77%
ZBRA	B	0.13%	0.32%	0.13%

SSPY Overweight 271 Positions Relative to FELV

Symbol	Grade	Weight
SYY	B	0.75%
COST	B	0.71%
WBA	F	0.64%
DPZ	C	0.52%
PSX	C	0.51%
DRI	B	0.51%
YUM	B	0.51%
VLO	C	0.5%
EL	F	0.5%
MPC	D	0.49%
TTWO	A	0.49%
SBUX	A	0.48%
CHTR	C	0.47%
MTCH	D	0.47%
KVUE	A	0.42%
BWA	D	0.42%
CHD	B	0.42%
APTV	D	0.4%
J	F	0.4%
PWR	A	0.4%
JBL	B	0.38%
BG	F	0.37%
TSN	B	0.36%
HRL	D	0.36%
SLB	C	0.35%
HPQ	B	0.35%
IPG	D	0.34%
OMC	C	0.34%
ORCL	B	0.34%
SNPS	B	0.34%
ATO	A	0.33%
NI	A	0.33%
NRG	B	0.33%
HCA	F	0.33%
NKE	D	0.33%
CDNS	B	0.33%
AWK	D	0.32%
RL	B	0.32%
MSFT	F	0.32%
LULU	C	0.31%
FCX	D	0.3%
DECK	A	0.3%
TSLA	B	0.28%
DAL	C	0.28%
SWK	D	0.27%
GDDY	A	0.27%
AKAM	D	0.27%
VRSN	F	0.27%
HUBB	B	0.26%
ENPH	F	0.26%
HAS	D	0.26%
NVR	D	0.26%
DLR	B	0.26%
LEN	D	0.25%
GM	B	0.25%
KO	D	0.25%
CTLT	B	0.25%
MOH	F	0.25%
STZ	D	0.25%
ZTS	D	0.25%
SNA	A	0.25%
LUV	C	0.25%
MNST	C	0.25%
ETR	B	0.25%
MRNA	F	0.24%
MRK	F	0.24%
D	C	0.24%
OKE	A	0.24%
FE	C	0.24%
VTRS	A	0.24%
KDP	D	0.24%
PLTR	B	0.23%
CPRT	A	0.23%
ON	D	0.23%
GOOGL	C	0.23%
GOOG	C	0.23%
LLY	F	0.23%
NXPI	D	0.23%
PAYC	B	0.22%
REGN	F	0.22%
TYL	B	0.22%
LW	C	0.22%
EBAY	D	0.22%
DAY	B	0.22%
NOW	A	0.22%
MPWR	F	0.22%
FFIV	B	0.21%
KEYS	A	0.21%
ANET	C	0.21%
AOS	F	0.21%
SJM	D	0.21%
MET	A	0.21%
CAG	D	0.21%
PAYX	C	0.21%
AIG	B	0.2%
IEX	B	0.2%
IR	B	0.2%
JNPR	F	0.2%
AFL	B	0.2%
PARA	C	0.2%
CPB	D	0.2%
INTU	C	0.2%
ERIE	D	0.2%
HSIC	B	0.2%
FSLR	F	0.2%
MHK	D	0.19%
APH	A	0.19%
XYL	D	0.19%
TEL	B	0.19%
MAS	D	0.19%
PEP	F	0.18%
HSY	F	0.18%
CRWD	B	0.18%
EQT	B	0.18%
ROL	B	0.18%
COR	B	0.18%
K	A	0.18%
ADSK	A	0.17%
TER	D	0.17%
DG	F	0.17%
FTNT	C	0.17%
DOV	A	0.17%
GEN	B	0.17%
WY	D	0.17%
MLM	B	0.17%
DLTR	F	0.17%
PTC	A	0.17%
STX	D	0.17%
ULTA	F	0.17%
PANW	C	0.16%
BA	F	0.16%
TECH	D	0.15%
SMCI	F	0.15%
GPC	D	0.15%
WAT	B	0.15%
MTD	D	0.15%
WRB	A	0.14%
MCHP	D	0.14%
AZO	C	0.14%
URI	B	0.14%
ORLY	B	0.14%
CRL	C	0.14%
CB	C	0.14%
HIG	B	0.14%
ACGL	D	0.14%
KMX	B	0.14%
EG	C	0.14%
LKQ	D	0.14%
BALL	D	0.13%
FAST	B	0.13%
CDW	F	0.13%
AMCR	D	0.13%
POOL	C	0.13%
DE	A	0.13%
EPAM	C	0.13%
CTSH	B	0.13%
IT	C	0.13%
HLT	A	0.12%
MAR	B	0.12%
ABNB	C	0.12%
STE	F	0.12%
EXPE	B	0.12%
ISRG	A	0.12%
ZBH	C	0.12%
GWW	B	0.12%
TSCO	D	0.12%
ARE	D	0.11%
VTR	C	0.11%
WELL	A	0.11%
EXR	D	0.11%
DVA	B	0.11%
CPT	B	0.11%
BR	A	0.11%
BXP	D	0.11%
BKNG	A	0.11%
HST	C	0.11%
UBER	D	0.11%
DXCM	D	0.1%
PODD	C	0.1%
HOLX	D	0.1%
IDXX	F	0.1%
ESS	B	0.1%
RVTY	F	0.1%
ALGN	D	0.1%
MAA	B	0.1%
INVH	D	0.1%
AVB	B	0.1%
FOX	A	0.1%
UDR	B	0.1%
FOXA	B	0.1%
FMC	D	0.09%
BEN	C	0.09%
EXPD	D	0.09%
AXON	A	0.09%
CHRW	C	0.09%
CF	B	0.09%
KKR	A	0.09%
NCLH	B	0.09%
LYV	A	0.09%
IVZ	B	0.09%
RMD	C	0.09%
CMS	C	0.08%
SRE	A	0.08%
PPL	B	0.08%
LNT	A	0.08%
AEE	A	0.08%
CARR	D	0.08%
TDG	D	0.08%
OTIS	C	0.08%
GNRC	B	0.08%
WYNN	D	0.08%
ODFL	B	0.08%
HII	D	0.08%
BX	A	0.08%
NTRS	A	0.08%
LVS	C	0.08%
AMP	A	0.08%
MOS	F	0.08%
JBHT	C	0.08%
CTVA	C	0.08%
O	D	0.07%
LYB	F	0.07%
SW	A	0.07%
CZR	F	0.07%
MRO	B	0.07%
DOW	F	0.07%
APA	D	0.07%
HES	B	0.07%
PNW	B	0.07%
FDX	B	0.07%
WEC	A	0.07%
CE	F	0.07%
CFG	B	0.06%
HBAN	A	0.06%
FI	A	0.06%
USB	A	0.06%
FITB	A	0.06%
RF	A	0.06%
MTB	A	0.06%
AVY	D	0.06%
IP	B	0.06%
KIM	A	0.06%
PLD	D	0.06%
FRT	B	0.06%
SHW	A	0.06%
SBAC	D	0.06%
IRM	D	0.06%
FICO	B	0.05%
BAX	D	0.05%
APD	A	0.05%
WST	C	0.05%
EMN	D	0.05%
ALB	C	0.05%
JKHY	D	0.05%
FIS	C	0.05%
BRO	B	0.04%
EFX	F	0.04%
CBRE	B	0.04%
VRSK	A	0.04%
FDS	B	0.04%
MCO	B	0.04%
CBOE	B	0.04%
V	A	0.04%
NDAQ	A	0.04%
CPAY	A	0.04%
MKTX	D	0.04%
ROK	B	0.03%
NDSN	B	0.03%
TDY	B	0.03%
EMR	A	0.03%
AJG	B	0.03%

SSPY Underweight 103 Positions Relative to FELV

Symbol	Grade	Weight
SQ	B	-0.7%
CVNA	B	-0.62%
SEIC	B	-0.58%
ZM	B	-0.52%
SSNC	B	-0.5%
CACI	D	-0.46%
DBX	B	-0.42%
UNM	A	-0.38%
IGT	F	-0.36%
EXEL	B	-0.35%
TPH	D	-0.35%
BRX	A	-0.35%
LPX	B	-0.33%
TWLO	A	-0.3%
FR	C	-0.28%
VEEV	C	-0.28%
TOL	B	-0.28%
ANF	C	-0.28%
TDC	D	-0.27%
GAP	C	-0.25%
SEE	C	-0.25%
FLS	B	-0.25%
Z	A	-0.22%
DOCU	A	-0.22%
OC	A	-0.22%
SKYW	B	-0.21%
VMI	B	-0.2%
USFD	A	-0.19%
FTI	A	-0.19%
ITT	A	-0.18%
TMHC	B	-0.18%
ZG	A	-0.18%
LNW	D	-0.17%
MKL	A	-0.17%
ACA	A	-0.17%
QGEN	D	-0.16%
MEDP	D	-0.16%
CCK	C	-0.16%
ILMN	D	-0.15%
JXN	C	-0.15%
WDAY	B	-0.13%
EEFT	B	-0.12%
BLD	D	-0.11%
ENS	D	-0.11%
BCC	B	-0.11%
AMH	D	-0.11%
BMRN	D	-0.11%
ADTN	A	-0.1%
CRC	B	-0.1%
MHO	D	-0.1%
CNO	A	-0.09%
MTDR	B	-0.09%
KD	B	-0.09%
ACT	D	-0.09%
CRUS	D	-0.09%
TENB	C	-0.08%
DASH	A	-0.08%
ALRM	C	-0.08%
BYD	C	-0.07%
LYFT	C	-0.07%
WCC	B	-0.07%
NWL	B	-0.06%
LEG	F	-0.06%
ARW	D	-0.06%
VSTS	C	-0.06%
OGE	B	-0.06%
NMRK	B	-0.06%
SAM	C	-0.05%
FHI	A	-0.05%
GLPI	C	-0.05%
CW	B	-0.05%
PLTK	B	-0.05%
AM	A	-0.04%
INGR	B	-0.04%
VAC	B	-0.04%
HL	D	-0.04%
CWEN	C	-0.04%
BKH	A	-0.04%
CTRE	D	-0.04%
AXTA	A	-0.03%
MSA	D	-0.03%
RGA	A	-0.03%
EXTR	B	-0.03%
WS	B	-0.03%
ALKS	B	-0.03%
MATX	C	-0.03%
CWEN	C	-0.02%
AYI	B	-0.02%
SWI	B	-0.02%
OKTA	C	-0.02%
OGN	D	-0.02%
BERY	B	-0.02%
ITRI	B	-0.02%
BIO	D	-0.02%
WOOF	D	-0.02%
MWA	B	-0.01%
TNL	A	-0.01%
FTDR	A	-0.01%
MUR	D	-0.01%
CXT	B	-0.01%
AXS	A	-0.01%
SON	D	-0.01%
M	D	-0.01%