SSPY vs. IWP ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to iShares Russell Midcap Growth ETF (IWP)

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

$79.03

Average Daily Volume

2,808

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

IWP

iShares Russell Midcap Growth ETF

IWP Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Midcap Growth Index (the "underlying index"), which measures the performance of the mid-capitalization growth sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$117.24

Average Daily Volume

1,057,580

Number of Holdings ^*

286

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	IWP
30 Days	0.32%	4.36%
60 Days	2.18%	6.49%
90 Days	5.28%	6.39%
12 Months	22.69%	28.63%

89 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in IWP	Overlap
AJG	D	0.04%	0.15%	0.04%
ALGN	D	0.1%	0.4%	0.1%
ALL	C	0.21%	0.28%	0.21%
AMP	B	0.09%	1.51%	0.09%
AVY	C	0.06%	0.23%	0.06%
AXON	B	0.09%	1.01%	0.09%
BLDR	C	0.2%	0.08%	0.08%
BR	C	0.11%	0.8%	0.11%
BRO	C	0.04%	0.38%	0.04%
CAH	C	0.2%	0.58%	0.2%
CDW	D	0.13%	0.55%	0.13%
CE	D	0.07%	0.13%	0.07%
CLX	C	0.43%	0.73%	0.43%
CPAY	B	0.05%	0.75%	0.05%
DAY	D	0.23%	0.03%	0.03%
DECK	C	0.3%	0.82%	0.3%
DPZ	D	0.54%	0.18%	0.18%
DRI	C	0.54%	0.38%	0.38%
DVA	B	0.11%	0.3%	0.11%
DXCM	F	0.1%	1.01%	0.1%
EFX	C	0.04%	0.26%	0.04%
EG	B	0.14%	0.1%	0.1%
ENPH	D	0.27%	0.54%	0.27%
EPAM	F	0.13%	0.02%	0.02%
EQT	C	0.18%	0.05%	0.05%
EXPD	B	0.09%	0.1%	0.09%
EXPE	C	0.12%	0.65%	0.12%
FAST	C	0.13%	1.22%	0.13%
FDS	C	0.04%	0.22%	0.04%
FICO	B	0.05%	1.39%	0.05%
GDDY	C	0.28%	0.81%	0.28%
GEHC	B	0.11%	0.13%	0.11%
GNRC	D	0.08%	0.15%	0.08%
GWW	B	0.13%	1.4%	0.13%
HAS	B	0.27%	0.31%	0.27%
HES	F	0.08%	0.87%	0.08%
HLT	B	0.12%	1.01%	0.12%
HPQ	C	0.36%	0.29%	0.29%
HSY	D	0.18%	0.14%	0.14%
HWM	B	0.08%	0.09%	0.08%
IDXX	D	0.1%	1.5%	0.1%
INCY	C	0.25%	0.02%	0.02%
IQV	D	0.14%	0.18%	0.14%
IRM	C	0.07%	0.69%	0.07%
IT	C	0.14%	1.39%	0.14%
JBL	C	0.36%	0.04%	0.04%
KMX	D	0.15%	0.03%	0.03%
LVS	C	0.07%	0.53%	0.07%
LW	D	0.22%	0.11%	0.11%
LYV	A	0.09%	0.59%	0.09%
MLM	D	0.18%	0.07%	0.07%
MOH	D	0.26%	0.46%	0.26%
MPWR	B	0.23%	1.5%	0.23%
MSCI	C	0.04%	0.88%	0.04%
NCLH	B	0.09%	0.32%	0.09%
NRG	B	0.33%	0.26%	0.26%
NTAP	D	0.18%	0.4%	0.18%
ODFL	D	0.09%	1.36%	0.09%
PAYC	D	0.23%	0.2%	0.2%
PAYX	C	0.22%	0.55%	0.22%
PLTR	C	0.23%	2.68%	0.23%
PODD	C	0.1%	0.59%	0.1%
POOL	C	0.13%	0.49%	0.13%
PTC	C	0.17%	0.45%	0.17%
PWR	B	0.42%	0.46%	0.42%
RCL	B	0.09%	0.51%	0.09%
RMD	C	0.1%	0.35%	0.1%
ROK	D	0.03%	0.1%	0.03%
ROL	C	0.19%	0.5%	0.19%
ROST	C	0.74%	0.42%	0.42%
SMCI	F	0.17%	0.81%	0.17%
SPG	B	0.07%	0.5%	0.07%
SYY	C	0.76%	0.83%	0.76%
TER	C	0.17%	0.66%	0.17%
TRGP	C	0.27%	1.2%	0.27%
TSCO	B	0.12%	1.06%	0.12%
TYL	C	0.23%	0.75%	0.23%
ULTA	D	0.18%	0.6%	0.18%
URI	B	0.14%	0.45%	0.14%
VLTO	B	0.03%	0.44%	0.03%
VMC	C	0.18%	0.31%	0.18%
VRSK	D	0.04%	1.35%	0.04%
VRSN	C	0.27%	0.04%	0.04%
VST	B	0.4%	1.33%	0.4%
WAT	B	0.15%	0.43%	0.15%
WST	D	0.05%	0.49%	0.05%
WYNN	C	0.07%	0.02%	0.02%
YUM	B	0.51%	0.5%	0.5%
ZBRA	B	0.14%	0.14%	0.14%

SSPY Overweight 407 Positions Relative to IWP

Symbol	Grade	Weight
CVX	F	0.8%
XOM	D	0.8%
WMT	B	0.76%
KR	B	0.76%
TJX	C	0.75%
COST	C	0.74%
COF	B	0.72%
DFS	C	0.7%
SYF	C	0.69%
CVS	D	0.68%
WBA	F	0.63%
CMCSA	C	0.53%
BRK.A	C	0.52%
AAPL	C	0.52%
PSX	F	0.52%
CMG	D	0.52%
MCD	B	0.51%
MSI	B	0.51%
VLO	F	0.5%
TTWO	D	0.5%
MPC	F	0.5%
L	D	0.5%
SBUX	C	0.49%
META	B	0.49%
EA	D	0.49%
CHTR	D	0.48%
MTCH	C	0.48%
EL	D	0.47%
KMB	C	0.43%
CL	C	0.43%
KVUE	B	0.43%
CHD	C	0.43%
PG	C	0.43%
BWA	C	0.41%
J	A	0.4%
APTV	D	0.4%
CEG	C	0.39%
BG	F	0.38%
ADM	D	0.38%
PM	C	0.37%
MO	C	0.37%
BKR	C	0.37%
HRL	F	0.37%
TSN	D	0.37%
CRM	C	0.36%
SLB	F	0.36%
HAL	F	0.36%
ORCL	B	0.35%
IBM	B	0.35%
SNPS	F	0.35%
UHS	C	0.35%
NKE	D	0.34%
MSFT	C	0.34%
ATO	B	0.34%
T	B	0.34%
VZ	A	0.34%
NI	B	0.34%
HCA	B	0.34%
IPG	C	0.34%
OMC	B	0.34%
GRMN	D	0.34%
CDNS	D	0.34%
AWK	C	0.33%
TMUS	B	0.33%
TPR	A	0.32%
RL	B	0.32%
AES	C	0.31%
LULU	D	0.3%
EXC	B	0.3%
FCX	C	0.29%
NVR	B	0.28%
EQIX	B	0.28%
AKAM	D	0.28%
TSLA	C	0.28%
STLD	C	0.28%
NUE	D	0.27%
RJF	C	0.27%
KMI	C	0.27%
CNC	D	0.27%
DAL	C	0.27%
SWK	B	0.27%
HD	B	0.27%
UAL	B	0.27%
ETN	C	0.27%
DLR	B	0.27%
CTLT	B	0.26%
PFE	D	0.26%
GILD	B	0.26%
ZTS	B	0.26%
F	F	0.26%
WMB	C	0.26%
ETR	A	0.26%
PHM	B	0.26%
CNP	C	0.26%
MNST	D	0.26%
BMY	C	0.26%
GS	B	0.26%
GM	C	0.26%
LUV	C	0.26%
HUBB	B	0.26%
HUM	F	0.26%
PEG	B	0.26%
NEM	C	0.26%
SCHW	D	0.26%
MS	B	0.26%
OKE	C	0.26%
UNH	C	0.26%
LOW	B	0.26%
AEP	C	0.25%
D	C	0.25%
JNJ	C	0.25%
FE	B	0.25%
ED	B	0.25%
VTRS	D	0.25%
DHI	C	0.25%
LEN	B	0.25%
MRK	F	0.25%
LLY	D	0.25%
DTE	A	0.25%
BIIB	F	0.25%
AMGN	D	0.25%
ABBV	B	0.25%
TAP	D	0.25%
NEE	B	0.25%
STZ	C	0.25%
KO	B	0.25%
EIX	B	0.25%
SNA	B	0.25%
ELV	D	0.25%
KDP	B	0.25%
AVGO	C	0.24%
MRNA	F	0.24%
VRTX	D	0.24%
NOW	C	0.24%
ADI	C	0.23%
NXPI	D	0.23%
NFLX	B	0.23%
TXN	B	0.23%
GOOGL	D	0.23%
EBAY	B	0.23%
GOOG	D	0.23%
AMZN	C	0.23%
CPRT	D	0.23%
QRVO	F	0.22%
ANET	C	0.22%
FFIV	B	0.22%
INTU	D	0.22%
SWKS	F	0.22%
GIS	B	0.22%
MKC	C	0.22%
CAG	B	0.22%
ON	D	0.22%
REGN	D	0.22%
QCOM	D	0.22%
ADP	C	0.22%
KEYS	B	0.21%
AIZ	B	0.21%
PRU	C	0.21%
DIS	D	0.21%
GL	D	0.21%
SJM	C	0.21%
CPB	C	0.21%
KHC	C	0.21%
PFG	B	0.21%
ERIE	B	0.21%
CSCO	B	0.21%
MET	B	0.21%
CI	C	0.2%
MAS	B	0.2%
APH	C	0.2%
WBD	D	0.2%
PNR	B	0.2%
IEX	C	0.2%
PGR	C	0.2%
PARA	D	0.2%
FSLR	C	0.2%
GLW	B	0.2%
AIG	D	0.2%
AOS	B	0.2%
JNPR	A	0.2%
HSIC	C	0.2%
IR	B	0.2%
AFL	A	0.2%
MCK	F	0.19%
HPE	C	0.19%
CRWD	D	0.19%
RSG	D	0.19%
BBWI	D	0.19%
CTAS	C	0.19%
MDLZ	C	0.19%
WM	D	0.19%
GEV	B	0.19%
MHK	B	0.19%
K	A	0.19%
XYL	C	0.19%
TEL	D	0.19%
DVN	F	0.18%
WY	C	0.18%
STX	B	0.18%
CTRA	F	0.18%
AMAT	D	0.18%
KLAC	D	0.18%
GE	C	0.18%
PEP	D	0.18%
ADBE	F	0.17%
TXT	D	0.17%
DGX	B	0.17%
BA	F	0.17%
PANW	D	0.17%
HON	C	0.17%
LRCX	D	0.17%
DG	F	0.17%
BBY	A	0.17%
GD	C	0.17%
ADSK	B	0.17%
ITW	B	0.17%
DLTR	F	0.17%
WDC	C	0.17%
DELL	C	0.17%
TGT	C	0.17%
MMM	B	0.17%
ANSS	D	0.17%
DOV	B	0.17%
FTNT	B	0.17%
INTC	D	0.16%
TRV	C	0.15%
CINF	C	0.15%
HIG	B	0.15%
CB	B	0.15%
ACGL	B	0.15%
CRL	F	0.15%
LKQ	F	0.15%
A	C	0.15%
TECH	C	0.15%
MTD	C	0.15%
GPC	D	0.15%
AZO	B	0.14%
WAB	B	0.14%
NVDA	C	0.14%
LDOS	A	0.14%
CAT	B	0.14%
MU	D	0.14%
WRB	D	0.14%
AMD	C	0.14%
TMO	B	0.14%
ORLY	B	0.14%
ISRG	C	0.13%
ABNB	D	0.13%
ZBH	F	0.13%
BALL	C	0.13%
AMCR	B	0.13%
BAC	D	0.13%
AME	C	0.13%
WFC	D	0.13%
ACN	C	0.13%
JPM	D	0.13%
PCAR	D	0.13%
DE	A	0.13%
CTSH	B	0.13%
MCHP	D	0.13%
C	C	0.13%
BXP	C	0.12%
BK	B	0.12%
MAR	B	0.12%
BKNG	B	0.12%
UBER	C	0.12%
STT	B	0.12%
HST	D	0.12%
STE	B	0.12%
SYK	C	0.12%
ESS	C	0.11%
FOX	B	0.11%
INVH	D	0.11%
FOXA	B	0.11%
EQR	C	0.11%
AVB	C	0.11%
MAA	C	0.11%
UDR	C	0.11%
VTR	C	0.11%
WELL	C	0.11%
ARE	C	0.11%
PSA	C	0.11%
DOC	B	0.11%
CPT	C	0.11%
EXR	C	0.11%
DHR	B	0.1%
HOLX	D	0.1%
NWSA	D	0.1%
NWS	D	0.1%
UPS	D	0.09%
FMC	B	0.09%
BLK	B	0.09%
CSX	C	0.09%
CTVA	B	0.09%
LHX	C	0.09%
NTRS	C	0.09%
BX	C	0.09%
LMT	A	0.09%
TROW	C	0.09%
JBHT	D	0.09%
NOC	B	0.09%
BEN	F	0.09%
CF	B	0.09%
CHRW	B	0.09%
CCL	C	0.09%
KKR	B	0.09%
IVZ	B	0.09%
ES	B	0.08%
COP	F	0.08%
MRO	D	0.08%
WEC	B	0.08%
PNW	C	0.08%
APA	F	0.08%
FDX	D	0.08%
EOG	D	0.08%
TT	B	0.08%
CMS	B	0.08%
DUK	B	0.08%
ALLE	B	0.08%
FANG	F	0.08%
SO	B	0.08%
XEL	B	0.08%
PCG	C	0.08%
PPL	A	0.08%
SRE	B	0.08%
LNT	A	0.08%
AEE	B	0.08%
EVRG	B	0.08%
JCI	B	0.08%
OTIS	B	0.08%
CARR	B	0.08%
TDG	B	0.08%
PH	B	0.08%
CMI	B	0.08%
MOS	F	0.08%
NSC	C	0.08%
UNP	D	0.08%
HII	F	0.08%
RTX	B	0.08%
REG	C	0.07%
PLD	C	0.07%
FRT	C	0.07%
SHW	B	0.07%
VICI	C	0.07%
KIM	C	0.07%
SW	B	0.07%
AMT	C	0.07%
SBAC	C	0.07%
O	B	0.07%
CCI	C	0.07%
PPG	C	0.07%
MGM	D	0.07%
LYB	D	0.07%
CZR	C	0.07%
DOW	C	0.07%
OXY	F	0.07%
TFC	D	0.06%
FIS	C	0.06%
HBAN	B	0.06%
CFG	D	0.06%
FITB	B	0.06%
USB	C	0.06%
KEY	C	0.06%
PNC	C	0.06%
RF	B	0.06%
MTB	C	0.06%
EW	F	0.06%
ABT	C	0.06%
MDT	B	0.06%
PYPL	B	0.06%
IP	C	0.06%
BSX	B	0.06%
PKG	B	0.06%
NDAQ	C	0.05%
CME	B	0.05%
LIN	B	0.05%
MKTX	D	0.05%
IFF	A	0.05%
ECL	B	0.05%
APD	B	0.05%
BDX	D	0.05%
BAX	C	0.05%
ALB	D	0.05%
TFX	B	0.05%
SOLV	D	0.05%
DD	B	0.05%
EMN	B	0.05%
JKHY	B	0.05%
WTW	B	0.04%
MMC	C	0.04%
AON	B	0.04%
CBRE	B	0.04%
CSGP	D	0.04%
SPGI	C	0.04%
MA	B	0.04%
GPN	D	0.04%
MCO	C	0.04%
V	C	0.04%
AXP	B	0.04%
ICE	C	0.04%
CBOE	C	0.04%
ROP	C	0.03%
TRMB	C	0.03%
NDSN	C	0.03%
EMR	D	0.03%
FTV	C	0.03%
TDY	B	0.03%

SSPY Underweight 197 Positions Relative to IWP

Symbol	Grade	Weight
TTD	B	-1.73%
COR	F	-1.36%
DDOG	D	-1.23%
VRT	C	-1.21%
APP	C	-1.18%
VEEV	C	-1.13%
ALNY	C	-1.1%
ARES	B	-1.03%
CPNG	B	-1.02%
COIN	F	-1.01%
HUBS	D	-0.92%
NET	D	-0.89%
RBLX	C	-0.84%
LNG	D	-0.76%
BAH	B	-0.72%
LII	C	-0.7%
MDB	D	-0.7%
PINS	D	-0.65%
DKNG	C	-0.64%
TPL	C	-0.63%
BURL	C	-0.62%
MANH	B	-0.61%
ENTG	D	-0.6%
HEI	C	-0.6%
LPLA	D	-0.58%
ZS	F	-0.57%
SQ	D	-0.57%
DT	C	-0.54%
NTRA	C	-0.52%
PSTG	F	-0.49%
FIX	B	-0.49%
XPO	D	-0.46%
TOST	C	-0.44%
WING	C	-0.44%
EQH	C	-0.42%
HEI	C	-0.42%
DOCU	C	-0.42%
NBIX	F	-0.42%
TXRH	B	-0.41%
SRPT	F	-0.41%
WSM	C	-0.4%
KNSL	D	-0.36%
LNW	F	-0.36%
CAVA	C	-0.35%
DUOL	C	-0.35%
OWL	B	-0.34%
CHDN	D	-0.34%
MUSA	D	-0.33%
MEDP	F	-0.33%
TPX	B	-0.32%
MORN	C	-0.31%
ITCI	D	-0.29%
EME	B	-0.29%
VKTX	D	-0.27%
TREX	F	-0.27%
PCTY	D	-0.26%
PEN	D	-0.26%
EXP	B	-0.26%
SMAR	A	-0.25%
WFRD	F	-0.25%
BSY	C	-0.25%
AAON	B	-0.25%
CVNA	B	-0.24%
SAIA	D	-0.24%
PCOR	D	-0.23%
EXEL	C	-0.23%
GWRE	B	-0.23%
RYAN	C	-0.23%
ELF	F	-0.22%
GTLB	D	-0.22%
INSP	D	-0.22%
IONS	F	-0.22%
ESTC	F	-0.22%
LSCC	D	-0.22%
CELH	F	-0.21%
MTN	D	-0.21%
GLOB	D	-0.21%
CNM	F	-0.2%
TW	B	-0.2%
FWONK	C	-0.2%
RARE	C	-0.19%
APPF	C	-0.19%
FOUR	C	-0.19%
VVV	D	-0.19%
OKTA	F	-0.19%
OLED	D	-0.18%
CFLT	F	-0.18%
EXAS	D	-0.18%
LAZ	B	-0.18%
BRKR	D	-0.17%
AZEK	C	-0.17%
LPX	B	-0.17%
MKL	C	-0.17%
PATH	D	-0.17%
FND	C	-0.16%
ETSY	D	-0.15%
FIVE	D	-0.15%
NTNX	D	-0.15%
JLL	B	-0.14%
PLNT	C	-0.14%
WMS	D	-0.14%
RPM	B	-0.13%
HCP	A	-0.13%
APLS	F	-0.12%
LAMR	B	-0.11%
PEGA	B	-0.11%
JEF	C	-0.11%
CHH	B	-0.11%
UHAL	B	-0.11%
LYFT	D	-0.11%
FERG	D	-0.1%
CSL	B	-0.1%
MASI	C	-0.1%
U	D	-0.1%
TDC	D	-0.1%
LECO	D	-0.1%
CASY	D	-0.09%
SITE	D	-0.09%
RNG	F	-0.09%
ONTO	C	-0.09%
TTEK	C	-0.09%
FRPT	C	-0.08%
TWLO	C	-0.08%
WSC	D	-0.08%
CACC	F	-0.08%
BWXT	A	-0.07%
AM	B	-0.07%
AWI	B	-0.07%
PR	F	-0.07%
FIVN	F	-0.07%
NXST	D	-0.07%
NCNO	F	-0.06%
TXG	D	-0.06%
LBRDK	C	-0.06%
PFGC	B	-0.06%
HRB	C	-0.06%
CLF	F	-0.06%
DBX	C	-0.06%
ALLY	F	-0.05%
TKO	A	-0.05%
SOFI	D	-0.05%
VNOM	D	-0.05%
LOPE	D	-0.05%
BILL	D	-0.05%
DV	F	-0.05%
SN	B	-0.05%
ROKU	D	-0.05%
MSTR	C	-0.05%
WEN	C	-0.05%
CROX	C	-0.05%
BROS	D	-0.05%
CIVI	F	-0.05%
H	B	-0.04%
RH	C	-0.04%
YETI	D	-0.04%
BLD	C	-0.04%
S	D	-0.04%
DKS	D	-0.04%
RGEN	F	-0.04%
TRU	B	-0.04%
BFAM	C	-0.04%
TPG	C	-0.04%
LOAR	C	-0.03%
SKX	C	-0.03%
KBR	D	-0.03%
BPOP	C	-0.03%
HLI	C	-0.03%
SSD	C	-0.03%
WEX	C	-0.03%
CHE	C	-0.03%
MKSI	F	-0.02%
MTDR	F	-0.02%
DJT	F	-0.02%
SAM	D	-0.02%
WU	C	-0.02%
SPR	D	-0.02%
WH	B	-0.02%
AAL	D	-0.02%
CAR	D	-0.02%
UWMC	D	-0.02%
FWONA	C	-0.02%
PPC	D	-0.01%
CC	D	-0.01%
LBRDA	C	-0.01%
UHAL	B	-0.01%
SEE	C	-0.01%
MSGS	B	-0.01%
IRDM	C	-0.01%
NFE	F	-0.01%
DOCS	B	-0.01%
CGNX	F	-0.01%
RLI	B	-0.01%
UI	B	-0.01%
ALAB	C	-0.0%
FTRE	F	-0.0%
TRIP	F	-0.0%
PYCR	D	-0.0%