SSPY vs. GLOF ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to iShares Global Equity Factor ETF (GLOF)

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

$78.45

Average Daily Volume

3,905

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

GLOF

iShares Global Equity Factor ETF

GLOF Description

The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to contain equity securities from the MSCI ACWI Index (the parent index) that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the parent index.

Grade (RS Rating)

Last Trade

$43.80

Average Daily Volume

4,395

Number of Holdings ^*

190

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	GLOF
30 Days	-1.30%	-1.60%
60 Days	-0.33%	2.44%
90 Days	3.91%	8.31%
12 Months	21.12%	29.00%

165 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in GLOF	Overlap
A	B	0.15%	0.1%	0.1%
AAPL	C	0.5%	4.24%	0.5%
ABBV	A	0.24%	0.77%	0.24%
ABNB	B	0.12%	0.26%	0.12%
ABT	A	0.06%	0.26%	0.06%
ACN	C	0.13%	0.29%	0.13%
ADBE	F	0.16%	0.18%	0.16%
AFL	D	0.2%	0.17%	0.17%
AMAT	F	0.18%	0.36%	0.18%
AMGN	D	0.24%	0.23%	0.23%
AMP	B	0.08%	0.46%	0.08%
AMZN	A	0.22%	2.14%	0.22%
ANET	A	0.21%	0.24%	0.21%
AVGO	C	0.23%	1.24%	0.23%
AXP	B	0.04%	0.21%	0.04%
AZO	D	0.14%	0.41%	0.14%
BAC	B	0.12%	0.2%	0.12%
BBY	C	0.17%	0.42%	0.17%
BIIB	F	0.24%	0.02%	0.02%
BK	B	0.11%	0.1%	0.1%
BKNG	A	0.11%	0.75%	0.11%
BLDR	F	0.19%	0.47%	0.19%
BLK	A	0.08%	0.11%	0.08%
BMY	A	0.25%	0.34%	0.25%
BRK.A	D	0.5%	0.19%	0.19%
CAT	B	0.14%	0.05%	0.05%
CDNS	A	0.33%	0.49%	0.33%
CDW	F	0.13%	0.11%	0.11%
CEG	C	0.38%	0.01%	0.01%
CF	B	0.09%	0.07%	0.07%
CHTR	A	0.47%	0.05%	0.05%
COF	A	0.7%	0.32%	0.32%
COP	C	0.07%	0.13%	0.07%
COST	D	0.71%	0.49%	0.49%
CRWD	C	0.18%	0.25%	0.18%
CSCO	A	0.21%	0.24%	0.21%
CSX	F	0.08%	0.02%	0.02%
CTAS	B	0.18%	0.46%	0.18%
CVS	F	0.69%	0.1%	0.1%
CVX	A	0.76%	0.06%	0.06%
DE	B	0.13%	0.08%	0.08%
DELL	A	0.17%	0.33%	0.17%
DFS	A	0.69%	0.17%	0.17%
DHR	F	0.1%	0.02%	0.02%
DOW	F	0.07%	0.09%	0.07%
DTE	C	0.25%	0.09%	0.09%
DVA	D	0.11%	0.18%	0.11%
EA	A	0.49%	0.04%	0.04%
EBAY	D	0.22%	0.3%	0.22%
EG	F	0.14%	0.1%	0.1%
ELV	F	0.24%	0.32%	0.24%
EMR	A	0.03%	0.15%	0.03%
ETN	B	0.26%	0.17%	0.17%
FICO	B	0.05%	0.54%	0.05%
FOXA	A	0.1%	0.09%	0.09%
FRT	D	0.06%	0.04%	0.04%
FTNT	B	0.17%	0.57%	0.17%
GEHC	D	0.1%	0.14%	0.1%
GILD	A	0.25%	0.28%	0.25%
GL	C	0.2%	0.02%	0.02%
GM	B	0.25%	0.07%	0.07%
GOOG	A	0.23%	2.55%	0.23%
GS	B	0.25%	0.12%	0.12%
GWW	B	0.12%	0.23%	0.12%
HD	B	0.26%	0.68%	0.26%
HOLX	A	0.1%	0.26%	0.1%
HPE	A	0.19%	0.3%	0.19%
HPQ	B	0.35%	0.28%	0.28%
HSY	F	0.18%	0.14%	0.14%
HUM	F	0.26%	0.13%	0.13%
IBM	D	0.34%	0.08%	0.08%
IDXX	F	0.1%	0.07%	0.07%
INTU	D	0.2%	0.49%	0.2%
IT	C	0.13%	0.33%	0.13%
JNJ	D	0.24%	0.63%	0.24%
JPM	B	0.13%	0.88%	0.13%
KLAC	F	0.17%	0.33%	0.17%
KO	D	0.25%	0.21%	0.21%
KR	B	0.74%	0.41%	0.41%
LIN	D	0.04%	0.19%	0.04%
LLY	F	0.23%	0.79%	0.23%
LOW	B	0.26%	0.66%	0.26%
LULU	C	0.31%	0.07%	0.07%
LYB	F	0.07%	0.19%	0.07%
MA	B	0.04%	0.52%	0.04%
MAS	D	0.19%	0.18%	0.18%
MCD	D	0.5%	0.55%	0.5%
MCK	C	0.18%	0.53%	0.18%
MCO	D	0.04%	0.03%	0.03%
MDLZ	F	0.18%	0.05%	0.05%
MDT	C	0.06%	0.01%	0.01%
META	B	0.47%	1.38%	0.47%
MOH	D	0.25%	0.23%	0.23%
MOS	C	0.08%	0.03%	0.03%
MPC	F	0.49%	0.19%	0.19%
MRK	F	0.24%	0.45%	0.24%
MRNA	F	0.24%	0.04%	0.04%
MRO	B	0.07%	0.14%	0.07%
MSCI	A	0.04%	0.31%	0.04%
MSFT	D	0.32%	4.05%	0.32%
MSI	B	0.49%	0.47%	0.47%
MTCH	D	0.47%	0.04%	0.04%
MTD	C	0.15%	0.43%	0.15%
NDAQ	A	0.04%	0.06%	0.04%
NI	A	0.33%	0.03%	0.03%
NKE	F	0.33%	0.08%	0.08%
NOW	A	0.22%	0.3%	0.22%
NTAP	D	0.17%	0.11%	0.11%
NUE	F	0.26%	0.2%	0.2%
NVDA	B	0.13%	4.2%	0.13%
NVR	D	0.26%	0.2%	0.2%
NWS	A	0.1%	0.07%	0.07%
OMC	A	0.34%	0.02%	0.02%
ORCL	B	0.34%	0.37%	0.34%
ORLY	B	0.14%	0.32%	0.14%
PANW	B	0.16%	0.32%	0.16%
PAYX	B	0.21%	0.05%	0.05%
PCAR	C	0.13%	0.01%	0.01%
PEP	D	0.18%	0.65%	0.18%
PFE	F	0.24%	0.24%	0.24%
PFG	C	0.21%	0.1%	0.1%
PG	D	0.42%	0.71%	0.42%
PH	A	0.08%	0.05%	0.05%
PHM	D	0.25%	0.22%	0.22%
PLD	F	0.06%	0.01%	0.01%
PM	B	0.35%	0.27%	0.27%
PSA	D	0.11%	0.2%	0.11%
QCOM	D	0.22%	0.36%	0.22%
QRVO	F	0.21%	0.03%	0.03%
REG	B	0.06%	0.03%	0.03%
SBUX	B	0.48%	0.2%	0.2%
SNPS	B	0.34%	0.22%	0.22%
SPG	A	0.07%	0.08%	0.07%
SPGI	D	0.04%	0.2%	0.04%
STLD	A	0.27%	0.28%	0.27%
STT	A	0.12%	0.18%	0.12%
STX	D	0.17%	0.02%	0.02%
SYF	B	0.69%	0.51%	0.51%
T	B	0.33%	0.34%	0.33%
TGT	D	0.17%	0.3%	0.17%
TJX	D	0.72%	0.06%	0.06%
TMO	F	0.14%	0.37%	0.14%
TRV	B	0.14%	0.16%	0.14%
TSCO	D	0.12%	0.04%	0.04%
TSLA	B	0.28%	0.27%	0.27%
TT	C	0.07%	0.41%	0.07%
TXN	B	0.23%	0.36%	0.23%
UBER	C	0.11%	0.1%	0.1%
ULTA	C	0.17%	0.07%	0.07%
UNH	D	0.26%	0.73%	0.26%
UNP	F	0.08%	0.11%	0.08%
URI	B	0.14%	0.11%	0.11%
V	A	0.04%	0.72%	0.04%
VICI	D	0.06%	0.02%	0.02%
VLO	F	0.5%	0.12%	0.12%
VLTO	D	0.03%	0.17%	0.03%
VRSN	F	0.27%	0.02%	0.02%
VRTX	D	0.23%	0.16%	0.16%
VST	B	0.41%	0.33%	0.33%
VZ	D	0.33%	0.1%	0.1%
WFC	B	0.13%	0.16%	0.13%
WMT	A	0.73%	0.63%	0.63%
WY	C	0.17%	0.02%	0.02%
XOM	A	0.77%	0.36%	0.36%
YUM	D	0.51%	0.22%	0.22%

SSPY Overweight 335 Positions Relative to GLOF

Symbol	Grade	Weight
SYY	C	0.75%
ROST	F	0.72%
WBA	C	0.64%
CMCSA	A	0.52%
DPZ	C	0.52%
PSX	F	0.51%
DRI	C	0.51%
EL	F	0.5%
CMG	D	0.5%
TTWO	A	0.49%
L	D	0.49%
KMB	D	0.42%
KVUE	A	0.42%
BWA	D	0.42%
CHD	B	0.42%
CL	F	0.41%
CLX	B	0.41%
APTV	F	0.4%
J	F	0.4%
PWR	B	0.4%
JBL	A	0.38%
ADM	F	0.37%
BG	F	0.37%
TSN	D	0.36%
HRL	F	0.36%
SLB	F	0.35%
BKR	A	0.35%
CRM	A	0.35%
MO	A	0.35%
IPG	F	0.34%
HAL	F	0.34%
TMUS	B	0.33%
ATO	B	0.33%
GRMN	A	0.33%
TPR	A	0.33%
NRG	A	0.33%
HCA	D	0.33%
AES	F	0.32%
AWK	D	0.32%
UHS	D	0.32%
RL	A	0.32%
FCX	B	0.3%
EXC	C	0.3%
DECK	A	0.3%
DAL	A	0.28%
UAL	A	0.28%
SWK	D	0.27%
GDDY	A	0.27%
EQIX	B	0.27%
AKAM	D	0.27%
CNP	B	0.26%
HUBB	B	0.26%
ENPH	D	0.26%
PEG	C	0.26%
HAS	D	0.26%
CNC	D	0.26%
MS	B	0.26%
DLR	A	0.26%
LEN	C	0.25%
WMB	A	0.25%
NEM	D	0.25%
F	F	0.25%
CTLT	D	0.25%
EIX	D	0.25%
STZ	F	0.25%
ZTS	F	0.25%
SNA	A	0.25%
LUV	B	0.25%
KMI	B	0.25%
MNST	A	0.25%
ETR	A	0.25%
TAP	B	0.25%
INCY	A	0.25%
RJF	A	0.25%
SCHW	B	0.25%
DHI	D	0.24%
AEP	D	0.24%
D	C	0.24%
TRGP	A	0.24%
OKE	A	0.24%
FE	D	0.24%
VTRS	C	0.24%
ED	C	0.24%
KDP	F	0.24%
NEE	D	0.24%
PLTR	B	0.23%
CPRT	C	0.23%
ON	F	0.23%
GOOGL	A	0.23%
NXPI	D	0.23%
PAYC	A	0.22%
REGN	F	0.22%
TYL	B	0.22%
NFLX	A	0.22%
LW	C	0.22%
DAY	A	0.22%
ADI	C	0.22%
MPWR	F	0.22%
FFIV	A	0.21%
KEYS	C	0.21%
DIS	C	0.21%
AOS	F	0.21%
MKC	D	0.21%
KHC	F	0.21%
SWKS	F	0.21%
SJM	F	0.21%
GIS	D	0.21%
MET	C	0.21%
CAG	F	0.21%
ADP	A	0.21%
ALL	D	0.2%
AIG	B	0.2%
IEX	A	0.2%
IR	C	0.2%
JNPR	A	0.2%
PARA	C	0.2%
CPB	D	0.2%
PRU	C	0.2%
AIZ	D	0.2%
ERIE	F	0.2%
HSIC	A	0.2%
FSLR	C	0.2%
MHK	D	0.19%
CI	F	0.19%
APH	B	0.19%
XYL	F	0.19%
CAH	B	0.19%
TEL	A	0.19%
PGR	D	0.19%
WBD	C	0.19%
PNR	A	0.19%
GLW	B	0.19%
BBWI	D	0.19%
RSG	D	0.18%
GEV	A	0.18%
EQT	B	0.18%
WM	A	0.18%
ROL	C	0.18%
COR	A	0.18%
K	A	0.18%
HON	C	0.17%
ADSK	A	0.17%
TER	F	0.17%
MMM	D	0.17%
ANSS	B	0.17%
DG	F	0.17%
DOV	B	0.17%
GEN	A	0.17%
ITW	A	0.17%
CTRA	F	0.17%
GE	D	0.17%
MLM	A	0.17%
DLTR	F	0.17%
PTC	A	0.17%
VMC	A	0.17%
WDC	D	0.17%
INTC	C	0.16%
DVN	F	0.16%
GD	C	0.16%
BA	D	0.16%
LH	A	0.16%
TXT	F	0.16%
DGX	B	0.16%
TECH	B	0.15%
SMCI	F	0.15%
GPC	F	0.15%
WAT	A	0.15%
MU	C	0.15%
WRB	D	0.14%
MCHP	F	0.14%
IQV	F	0.14%
CINF	B	0.14%
CRL	F	0.14%
CB	D	0.14%
HIG	D	0.14%
ACGL	F	0.14%
AMD	F	0.14%
KMX	D	0.14%
LKQ	D	0.14%
BALL	F	0.13%
FAST	A	0.13%
AMCR	D	0.13%
AME	A	0.13%
POOL	D	0.13%
EPAM	F	0.13%
CTSH	D	0.13%
ZBRA	A	0.13%
C	B	0.13%
WAB	A	0.13%
LDOS	A	0.13%
HLT	B	0.12%
MAR	B	0.12%
SYK	A	0.12%
STE	C	0.12%
EXPE	A	0.12%
ISRG	B	0.12%
ZBH	C	0.12%
ARE	F	0.11%
VTR	B	0.11%
WELL	A	0.11%
EXR	D	0.11%
CPT	D	0.11%
BR	C	0.11%
DOC	C	0.11%
BXP	C	0.11%
HST	D	0.11%
DXCM	D	0.1%
PODD	A	0.1%
NWSA	A	0.1%
ESS	D	0.1%
RVTY	B	0.1%
ALGN	F	0.1%
MAA	D	0.1%
INVH	F	0.1%
AVB	C	0.1%
EQR	D	0.1%
FOX	A	0.1%
UDR	D	0.1%
TROW	A	0.09%
FMC	B	0.09%
LMT	D	0.09%
BEN	C	0.09%
NOC	D	0.09%
UPS	C	0.09%
EXPD	D	0.09%
AXON	B	0.09%
RCL	A	0.09%
CCL	A	0.09%
CHRW	C	0.09%
KKR	B	0.09%
NCLH	A	0.09%
LYV	A	0.09%
IVZ	B	0.09%
RMD	B	0.09%
ALLE	C	0.08%
CMS	C	0.08%
PCG	B	0.08%
SO	C	0.08%
SRE	C	0.08%
XEL	A	0.08%
HWM	B	0.08%
PPL	C	0.08%
EVRG	C	0.08%
LNT	C	0.08%
AEE	B	0.08%
CARR	D	0.08%
TDG	C	0.08%
JCI	C	0.08%
CMI	B	0.08%
NSC	C	0.08%
OTIS	B	0.08%
GNRC	A	0.08%
WYNN	B	0.08%
ODFL	A	0.08%
RTX	C	0.08%
HII	F	0.08%
BX	B	0.08%
NTRS	B	0.08%
LHX	A	0.08%
LVS	B	0.08%
JBHT	A	0.08%
CTVA	A	0.08%
O	D	0.07%
SW	A	0.07%
PPG	F	0.07%
FANG	D	0.07%
OXY	F	0.07%
CZR	C	0.07%
MGM	D	0.07%
EOG	D	0.07%
APA	F	0.07%
HES	B	0.07%
PNW	D	0.07%
FDX	D	0.07%
WEC	C	0.07%
CE	F	0.07%
ES	D	0.07%
DUK	C	0.07%
TFC	C	0.06%
CFG	B	0.06%
HBAN	B	0.06%
FI	A	0.06%
USB	B	0.06%
FITB	B	0.06%
PNC	B	0.06%
KEY	B	0.06%
RF	B	0.06%
MTB	B	0.06%
EW	D	0.06%
AVY	F	0.06%
PYPL	B	0.06%
BSX	B	0.06%
IP	A	0.06%
PKG	A	0.06%
KIM	A	0.06%
AMT	D	0.06%
SHW	B	0.06%
SBAC	D	0.06%
CCI	D	0.06%
IRM	B	0.06%
IFF	D	0.05%
ECL	C	0.05%
SOLV	B	0.05%
BAX	F	0.05%
APD	B	0.05%
BDX	D	0.05%
TFX	F	0.05%
WST	C	0.05%
EMN	D	0.05%
DD	D	0.05%
ALB	C	0.05%
JKHY	A	0.05%
FIS	B	0.05%
AON	A	0.04%
MMC	D	0.04%
BRO	A	0.04%
EFX	D	0.04%
CBRE	A	0.04%
CSGP	D	0.04%
VRSK	A	0.04%
GPN	C	0.04%
FDS	A	0.04%
CBOE	B	0.04%
ICE	C	0.04%
CPAY	B	0.04%
MKTX	B	0.04%
CME	B	0.04%
ROP	D	0.03%
ROK	D	0.03%
NDSN	F	0.03%
TDY	B	0.03%
TRMB	A	0.03%
FTV	F	0.03%
AJG	D	0.03%
WTW	A	0.03%

SSPY Underweight 25 Positions Relative to GLOF

Symbol	Grade	Weight
TEAM	A	-0.52%
LII	B	-0.41%
FERG	C	-0.36%
DOCU	B	-0.35%
MELI	B	-0.32%
MFG	A	-0.29%
ALLY	F	-0.24%
LRCX	F	-0.22%
FNF	C	-0.2%
MUFG	A	-0.19%
LI	C	-0.17%
SIRI	D	-0.14%
HUBS	B	-0.14%
ZS	C	-0.12%
SMFG	B	-0.09%
TM	F	-0.08%
CPNG	A	-0.06%
CRH	A	-0.06%
FWONA	B	-0.05%
LINE	F	-0.05%
DOX	B	-0.04%
WIT	C	-0.02%
SPOT	B	-0.02%
OKTA	D	-0.01%
VEEV	C	-0.01%