SSPY vs. PBUS ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to Invesco PureBeta MSCI USA ETF (PBUS)

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

PBUS

Invesco PureBeta MSCI USA ETF

PBUS Description

The investment seeks to track the investment results (before fees and expenses) of the MSCI USA Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The index is designed to measure the performance of the large- and mid-capitalization segments of the U.S. equity market.

Grade (RS Rating)

Last Trade

$59.94

Average Daily Volume

175,980

Number of Holdings ^*

584

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	PBUS
30 Days	4.23%	3.61%
60 Days	1.79%	5.14%
90 Days	3.72%	6.91%
12 Months	23.81%	33.43%

484 Overlapping Holdings

	Symbol	Grade	Weight in SSPY	Weight in PBUS	Overlap
	A	D	0.15%	0.07%	0.07%
	AAPL	C	0.5%	6.43%	0.5%
	ABBV	D	0.24%	0.57%	0.24%
	ABNB	C	0.12%	0.12%	0.12%
	ABT	B	0.06%	0.39%	0.06%
	ACGL	D	0.14%	0.07%	0.07%
	ACN	C	0.13%	0.43%	0.13%
	ADBE	C	0.16%	0.43%	0.16%
	ADI	D	0.22%	0.2%	0.2%
	ADM	D	0.37%	0.05%	0.05%
	ADP	B	0.21%	0.24%	0.21%
	ADSK	A	0.17%	0.13%	0.13%
	AEE	A	0.08%	0.05%	0.05%
	AEP	D	0.24%	0.1%	0.1%
	AES	F	0.32%	0.02%	0.02%
	AFL	B	0.2%	0.11%	0.11%
	AIG	B	0.2%	0.1%	0.1%
	AIZ	A	0.2%	0.02%	0.02%
	AJG	B	0.03%	0.12%	0.03%
	AKAM	D	0.27%	0.03%	0.03%
	ALB	C	0.05%	0.02%	0.02%
	ALGN	D	0.1%	0.03%	0.03%
	ALL	A	0.2%	0.1%	0.1%
	ALLE	D	0.08%	0.02%	0.02%
	AMAT	F	0.18%	0.27%	0.18%
	AMCR	D	0.13%	0.03%	0.03%
	AMD	F	0.14%	0.43%	0.14%
	AME	A	0.13%	0.09%	0.09%
	AMGN	D	0.24%	0.3%	0.24%
	AMP	A	0.08%	0.11%	0.08%
	AMT	D	0.06%	0.18%	0.06%
	AMZN	C	0.22%	3.66%	0.22%
	ANET	C	0.21%	0.2%	0.2%
	ANSS	B	0.17%	0.06%	0.06%
	AON	A	0.04%	0.14%	0.04%
	AOS	F	0.21%	0.02%	0.02%
	APA	D	0.07%	0.02%	0.02%
	APD	A	0.05%	0.14%	0.05%
	APH	A	0.19%	0.16%	0.16%
	APTV	D	0.4%	0.03%	0.03%
	ARE	D	0.11%	0.03%	0.03%
	ATO	A	0.33%	0.04%	0.04%
	AVB	B	0.1%	0.06%	0.06%
	AVGO	D	0.23%	1.39%	0.23%
	AVY	D	0.06%	0.03%	0.03%
	AWK	D	0.32%	0.05%	0.05%
	AXON	A	0.09%	0.08%	0.08%
	AXP	A	0.04%	0.32%	0.04%
	AZO	C	0.14%	0.1%	0.1%
	BA	F	0.16%	0.2%	0.16%
	BAC	A	0.12%	0.62%	0.12%
	BALL	D	0.13%	0.04%	0.04%
	BAX	D	0.05%	0.03%	0.03%
	BBWI	D	0.19%	0.01%	0.01%
	BBY	D	0.17%	0.03%	0.03%
	BDX	F	0.05%	0.12%	0.05%
	BEN	C	0.09%	0.01%	0.01%
	BG	F	0.37%	0.02%	0.02%
	BIIB	F	0.24%	0.04%	0.04%
	BK	A	0.11%	0.11%	0.11%
	BKNG	A	0.11%	0.33%	0.11%
	BKR	B	0.35%	0.09%	0.09%
	BLDR	D	0.19%	0.04%	0.04%
	BLK	C	0.08%	0.29%	0.08%
	BMY	B	0.25%	0.23%	0.23%
	BR	A	0.11%	0.05%	0.05%
	BRK.A	B	0.5%	1.2%	0.5%
	BRO	B	0.04%	0.05%	0.04%
	BSX	B	0.06%	0.26%	0.06%
	BX	A	0.08%	0.25%	0.08%
	BXP	D	0.11%	0.02%	0.02%
	C	A	0.13%	0.25%	0.13%
	CAG	D	0.21%	0.02%	0.02%
	CAH	B	0.19%	0.06%	0.06%
	CARR	D	0.08%	0.12%	0.08%
	CAT	B	0.14%	0.36%	0.14%
	CB	C	0.14%	0.21%	0.14%
	CBOE	B	0.04%	0.04%	0.04%
	CBRE	B	0.04%	0.08%	0.04%
	CCI	D	0.06%	0.09%	0.06%
	CCL	B	0.09%	0.05%	0.05%
	CDNS	B	0.33%	0.16%	0.16%
	CDW	F	0.13%	0.05%	0.05%
	CE	F	0.07%	0.02%	0.02%
	CEG	D	0.38%	0.14%	0.14%
	CF	B	0.09%	0.03%	0.03%
	CFG	B	0.06%	0.04%	0.04%
	CHD	B	0.42%	0.05%	0.05%
	CHRW	C	0.09%	0.02%	0.02%
	CHTR	C	0.47%	0.07%	0.07%
	CI	F	0.19%	0.18%	0.18%
	CINF	A	0.14%	0.05%	0.05%
	CL	D	0.41%	0.14%	0.14%
	CLX	B	0.41%	0.04%	0.04%
	CMCSA	B	0.52%	0.32%	0.32%
	CME	A	0.04%	0.16%	0.04%
	CMG	B	0.5%	0.16%	0.16%
	CMI	A	0.08%	0.1%	0.08%
	CMS	C	0.08%	0.04%	0.04%
	CNC	D	0.26%	0.06%	0.06%
	CNP	B	0.26%	0.04%	0.04%
	COF	B	0.7%	0.13%	0.13%
	COP	C	0.07%	0.25%	0.07%
	COR	B	0.18%	0.08%	0.08%
	COST	B	0.71%	0.79%	0.71%
	CPAY	A	0.04%	0.05%	0.04%
	CPB	D	0.2%	0.02%	0.02%
	CPRT	A	0.23%	0.09%	0.09%
	CPT	B	0.11%	0.02%	0.02%
	CRL	C	0.14%	0.02%	0.02%
	CRM	B	0.35%	0.61%	0.35%
	CRWD	B	0.18%	0.16%	0.16%
	CSCO	B	0.21%	0.45%	0.21%
	CSGP	D	0.04%	0.06%	0.04%
	CSX	B	0.08%	0.13%	0.08%
	CTAS	B	0.18%	0.15%	0.15%
	CTLT	B	0.25%	0.02%	0.02%
	CTRA	B	0.17%	0.04%	0.04%
	CTSH	B	0.13%	0.07%	0.07%
	CTVA	C	0.08%	0.08%	0.08%
	CVS	D	0.69%	0.14%	0.14%
	CVX	A	0.76%	0.54%	0.54%
	D	C	0.24%	0.09%	0.09%
	DAL	C	0.28%	0.02%	0.02%
	DAY	B	0.22%	0.02%	0.02%
	DD	D	0.05%	0.07%	0.05%
	DE	A	0.13%	0.2%	0.13%
	DECK	A	0.3%	0.05%	0.05%
	DELL	C	0.17%	0.07%	0.07%
	DFS	B	0.69%	0.08%	0.08%
	DG	F	0.17%	0.03%	0.03%
	DGX	A	0.16%	0.03%	0.03%
	DHI	D	0.24%	0.09%	0.09%
	DHR	F	0.1%	0.3%	0.1%
	DIS	B	0.21%	0.4%	0.21%
	DLR	B	0.26%	0.12%	0.12%
	DLTR	F	0.17%	0.03%	0.03%
	DOC	D	0.11%	0.03%	0.03%
	DOV	A	0.17%	0.05%	0.05%
	DOW	F	0.07%	0.06%	0.06%
	DPZ	C	0.52%	0.03%	0.03%
	DRI	B	0.51%	0.04%	0.04%
	DTE	C	0.25%	0.05%	0.05%
	DUK	C	0.07%	0.17%	0.07%
	DVA	B	0.11%	0.02%	0.02%
	DVN	F	0.16%	0.05%	0.05%
	DXCM	D	0.1%	0.06%	0.06%
	EA	A	0.49%	0.08%	0.08%
	EBAY	D	0.22%	0.06%	0.06%
	ECL	D	0.05%	0.12%	0.05%
	ED	D	0.24%	0.06%	0.06%
	EFX	F	0.04%	0.06%	0.04%
	EG	C	0.14%	0.03%	0.03%
	EIX	B	0.25%	0.06%	0.06%
	EL	F	0.5%	0.03%	0.03%
	ELV	F	0.24%	0.18%	0.18%
	EMN	D	0.05%	0.02%	0.02%
	EMR	A	0.03%	0.14%	0.03%
	ENPH	F	0.26%	0.02%	0.02%
	EOG	A	0.07%	0.15%	0.07%
	EPAM	C	0.13%	0.03%	0.03%
	EQIX	A	0.27%	0.17%	0.17%
	EQR	B	0.1%	0.05%	0.05%
	EQT	B	0.18%	0.05%	0.05%
	ERIE	D	0.2%	0.02%	0.02%
	ES	D	0.07%	0.04%	0.04%
	ESS	B	0.1%	0.04%	0.04%
	ETN	A	0.26%	0.28%	0.26%
	ETR	B	0.25%	0.06%	0.06%
	EVRG	A	0.08%	0.03%	0.03%
	EW	C	0.06%	0.08%	0.06%
	EXC	C	0.3%	0.08%	0.08%
	EXPD	D	0.09%	0.03%	0.03%
	EXPE	B	0.12%	0.04%	0.04%
	EXR	D	0.11%	0.07%	0.07%
	F	C	0.25%	0.08%	0.08%
	FANG	D	0.07%	0.07%	0.07%
	FAST	B	0.13%	0.09%	0.09%
	FCX	D	0.3%	0.12%	0.12%
	FDS	B	0.04%	0.03%	0.03%
	FDX	B	0.07%	0.13%	0.07%
	FE	C	0.24%	0.04%	0.04%
	FFIV	B	0.21%	0.03%	0.03%
	FI	A	0.06%	0.25%	0.06%
	FICO	B	0.05%	0.11%	0.05%
	FIS	C	0.05%	0.09%	0.05%
	FITB	A	0.06%	0.06%	0.06%
	FOX	A	0.1%	0.01%	0.01%
	FOXA	B	0.1%	0.02%	0.02%
	FSLR	F	0.2%	0.04%	0.04%
	FTNT	C	0.17%	0.12%	0.12%
	FTV	C	0.03%	0.05%	0.03%
	GD	F	0.16%	0.13%	0.13%
	GDDY	A	0.27%	0.05%	0.05%
	GE	D	0.17%	0.37%	0.17%
	GEHC	F	0.1%	0.07%	0.07%
	GEN	B	0.17%	0.03%	0.03%
	GEV	B	0.18%	0.18%	0.18%
	GILD	C	0.25%	0.21%	0.21%
	GIS	D	0.21%	0.07%	0.07%
	GLW	B	0.19%	0.07%	0.07%
	GM	B	0.25%	0.12%	0.12%
	GOOG	C	0.23%	1.73%	0.23%
	GOOGL	C	0.23%	1.99%	0.23%
	GPC	D	0.15%	0.03%	0.03%
	GPN	B	0.04%	0.06%	0.04%
	GRMN	B	0.33%	0.06%	0.06%
	GS	A	0.25%	0.36%	0.25%
	GWW	B	0.12%	0.1%	0.1%
	HAL	C	0.34%	0.05%	0.05%
	HBAN	A	0.06%	0.05%	0.05%
	HCA	F	0.33%	0.13%	0.13%
	HD	A	0.26%	0.76%	0.26%
	HES	B	0.07%	0.08%	0.07%
	HIG	B	0.14%	0.07%	0.07%
	HII	D	0.08%	0.01%	0.01%
	HLT	A	0.12%	0.12%	0.12%
	HOLX	D	0.1%	0.04%	0.04%
	HON	B	0.17%	0.28%	0.17%
	HPE	B	0.19%	0.05%	0.05%
	HPQ	B	0.35%	0.07%	0.07%
	HRL	D	0.36%	0.02%	0.02%
	HSIC	B	0.2%	0.02%	0.02%
	HST	C	0.11%	0.02%	0.02%
	HSY	F	0.18%	0.05%	0.05%
	HUBB	B	0.26%	0.05%	0.05%
	HUM	C	0.26%	0.07%	0.07%
	HWM	A	0.08%	0.09%	0.08%
	IBM	C	0.34%	0.38%	0.34%
	ICE	C	0.04%	0.17%	0.04%
	IDXX	F	0.1%	0.07%	0.07%
	IEX	B	0.2%	0.03%	0.03%
	IFF	D	0.05%	0.04%	0.04%
	INCY	C	0.25%	0.02%	0.02%
	INTC	D	0.16%	0.2%	0.16%
	INTU	C	0.2%	0.35%	0.2%
	INVH	D	0.1%	0.04%	0.04%
	IP	B	0.06%	0.04%	0.04%
	IPG	D	0.34%	0.02%	0.02%
	IQV	D	0.14%	0.07%	0.07%
	IR	B	0.2%	0.08%	0.08%
	IRM	D	0.06%	0.06%	0.06%
	ISRG	A	0.12%	0.37%	0.12%
	IT	C	0.13%	0.08%	0.08%
	ITW	B	0.17%	0.15%	0.15%
	J	F	0.4%	0.03%	0.03%
	JBHT	C	0.08%	0.03%	0.03%
	JBL	B	0.38%	0.03%	0.03%
	JCI	C	0.08%	0.11%	0.08%
	JKHY	D	0.05%	0.02%	0.02%
	JNJ	D	0.24%	0.71%	0.24%
	JNPR	F	0.2%	0.02%	0.02%
	JPM	A	0.13%	1.33%	0.13%
	K	A	0.18%	0.04%	0.04%
	KDP	D	0.24%	0.07%	0.07%
	KEY	B	0.06%	0.03%	0.03%
	KEYS	A	0.21%	0.06%	0.06%
	KHC	F	0.21%	0.05%	0.05%
	KIM	A	0.06%	0.03%	0.03%
	KKR	A	0.09%	0.18%	0.09%
	KLAC	D	0.17%	0.16%	0.16%
	KMB	D	0.42%	0.09%	0.09%
	KMI	A	0.25%	0.11%	0.11%
	KMX	B	0.14%	0.02%	0.02%
	KO	D	0.25%	0.5%	0.25%
	KR	B	0.74%	0.08%	0.08%
	KVUE	A	0.42%	0.09%	0.09%
	L	A	0.49%	0.03%	0.03%
	LDOS	C	0.13%	0.04%	0.04%
	LEN	D	0.25%	0.08%	0.08%
	LH	C	0.16%	0.04%	0.04%
	LHX	C	0.08%	0.09%	0.08%
	LIN	D	0.04%	0.42%	0.04%
	LKQ	D	0.14%	0.02%	0.02%
	LLY	F	0.23%	1.17%	0.23%
	LMT	D	0.09%	0.22%	0.09%
	LNT	A	0.08%	0.03%	0.03%
	LOW	D	0.26%	0.29%	0.26%
	LULU	C	0.31%	0.07%	0.07%
	LUV	C	0.25%	0.01%	0.01%
	LVS	C	0.08%	0.04%	0.04%
	LW	C	0.22%	0.02%	0.02%
	LYB	F	0.07%	0.04%	0.04%
	LYV	A	0.09%	0.04%	0.04%
	MA	C	0.04%	0.82%	0.04%
	MAA	B	0.1%	0.04%	0.04%
	MAR	B	0.12%	0.13%	0.12%
	MAS	D	0.19%	0.03%	0.03%
	MCD	D	0.5%	0.4%	0.4%
	MCHP	D	0.14%	0.07%	0.07%
	MCK	B	0.18%	0.16%	0.16%
	MCO	B	0.04%	0.15%	0.04%
	MDLZ	F	0.18%	0.17%	0.17%
	MDT	D	0.06%	0.21%	0.06%
	MET	A	0.21%	0.1%	0.1%
	META	D	0.47%	2.39%	0.47%
	MGM	D	0.07%	0.02%	0.02%
	MKC	D	0.21%	0.04%	0.04%
	MKTX	D	0.04%	0.02%	0.02%
	MLM	B	0.17%	0.07%	0.07%
	MMC	B	0.04%	0.21%	0.04%
	MMM	D	0.17%	0.14%	0.14%
	MNST	C	0.25%	0.08%	0.08%
	MO	A	0.35%	0.18%	0.18%
	MOH	F	0.25%	0.03%	0.03%
	MOS	F	0.08%	0.02%	0.02%
	MPC	D	0.49%	0.11%	0.11%
	MPWR	F	0.22%	0.05%	0.05%
	MRK	F	0.24%	0.48%	0.24%
	MRNA	F	0.24%	0.02%	0.02%
	MRO	B	0.07%	0.03%	0.03%
	MS	A	0.26%	0.31%	0.26%
	MSCI	C	0.04%	0.09%	0.04%
	MSFT	F	0.32%	5.65%	0.32%
	MSI	B	0.49%	0.16%	0.16%
	MTB	A	0.06%	0.07%	0.06%
	MTCH	D	0.47%	0.01%	0.01%
	MTD	D	0.15%	0.05%	0.05%
	MU	D	0.15%	0.21%	0.15%
	NDAQ	A	0.04%	0.07%	0.04%
	NDSN	B	0.03%	0.03%	0.03%
	NEE	D	0.24%	0.3%	0.24%
	NEM	D	0.25%	0.1%	0.1%
	NFLX	A	0.22%	0.73%	0.22%
	NI	A	0.33%	0.03%	0.03%
	NKE	D	0.33%	0.17%	0.17%
	NOC	D	0.09%	0.13%	0.09%
	NOW	A	0.22%	0.4%	0.22%
	NRG	B	0.33%	0.04%	0.04%
	NSC	B	0.08%	0.11%	0.08%
	NTAP	C	0.17%	0.05%	0.05%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	C	0.26%	0.07%	0.07%
	NVDA	C	0.13%	6.92%	0.13%
	NVR	D	0.26%	0.05%	0.05%
	NWSA	B	0.1%	0.02%	0.02%
	NXPI	D	0.23%	0.11%	0.11%
	O	D	0.07%	0.1%	0.07%
	ODFL	B	0.08%	0.08%	0.08%
	OKE	A	0.24%	0.13%	0.13%
	OMC	C	0.34%	0.04%	0.04%
	ON	D	0.23%	0.06%	0.06%
	ORCL	B	0.34%	0.61%	0.34%
	ORLY	B	0.14%	0.14%	0.14%
	OTIS	C	0.08%	0.08%	0.08%
	OXY	D	0.07%	0.07%	0.07%
	PANW	C	0.16%	0.24%	0.16%
	PARA	C	0.2%	0.01%	0.01%
	PAYC	B	0.22%	0.02%	0.02%
	PAYX	C	0.21%	0.09%	0.09%
	PCAR	B	0.13%	0.11%	0.11%
	PCG	A	0.08%	0.08%	0.08%
	PEG	A	0.26%	0.09%	0.09%
	PEP	F	0.18%	0.42%	0.18%
	PFE	D	0.24%	0.27%	0.24%
	PFG	D	0.21%	0.04%	0.04%
	PG	A	0.42%	0.78%	0.42%
	PGR	A	0.19%	0.29%	0.19%
	PH	A	0.08%	0.17%	0.08%
	PHM	D	0.25%	0.05%	0.05%
	PKG	A	0.06%	0.04%	0.04%
	PLD	D	0.06%	0.2%	0.06%
	PLTR	B	0.23%	0.24%	0.23%
	PM	B	0.35%	0.39%	0.35%
	PNC	B	0.06%	0.16%	0.06%
	PNR	A	0.19%	0.03%	0.03%
	PODD	C	0.1%	0.04%	0.04%
	POOL	C	0.13%	0.03%	0.03%
	PPG	F	0.07%	0.06%	0.06%
	PPL	B	0.08%	0.05%	0.05%
	PRU	A	0.2%	0.09%	0.09%
	PSA	D	0.11%	0.1%	0.1%
	PSX	C	0.51%	0.11%	0.11%
	PTC	A	0.17%	0.04%	0.04%
	PWR	A	0.4%	0.09%	0.09%
	PYPL	B	0.06%	0.16%	0.06%
	QCOM	F	0.22%	0.33%	0.22%
	QRVO	F	0.21%	0.01%	0.01%
	RCL	A	0.09%	0.11%	0.09%
	REG	B	0.06%	0.03%	0.03%
	REGN	F	0.22%	0.15%	0.15%
	RF	A	0.06%	0.05%	0.05%
	RJF	A	0.25%	0.06%	0.06%
	RMD	C	0.09%	0.07%	0.07%
	ROK	B	0.03%	0.06%	0.03%
	ROL	B	0.18%	0.03%	0.03%
	ROP	B	0.03%	0.11%	0.03%
	ROST	C	0.72%	0.09%	0.09%
	RSG	A	0.18%	0.09%	0.09%
	RTX	C	0.08%	0.31%	0.08%
	RVTY	F	0.1%	0.03%	0.03%
	SBAC	D	0.06%	0.05%	0.05%
	SBUX	A	0.48%	0.21%	0.21%
	SCHW	B	0.25%	0.23%	0.23%
	SHW	A	0.06%	0.17%	0.06%
	SJM	D	0.21%	0.02%	0.02%
	SLB	C	0.35%	0.12%	0.12%
	SMCI	F	0.15%	0.03%	0.03%
	SNA	A	0.25%	0.04%	0.04%
	SNPS	B	0.34%	0.16%	0.16%
	SO	D	0.08%	0.19%	0.08%
	SOLV	C	0.05%	0.02%	0.02%
	SPG	B	0.07%	0.11%	0.07%
	SPGI	C	0.04%	0.31%	0.04%
	SRE	A	0.08%	0.11%	0.08%
	STE	F	0.12%	0.04%	0.04%
	STLD	B	0.27%	0.04%	0.04%
	STT	A	0.12%	0.06%	0.06%
	STX	D	0.17%	0.04%	0.04%
	STZ	D	0.25%	0.08%	0.08%
	SW	A	0.07%	0.06%	0.06%
	SWK	D	0.27%	0.02%	0.02%
	SWKS	F	0.21%	0.03%	0.03%
	SYF	B	0.69%	0.05%	0.05%
	SYK	C	0.12%	0.26%	0.12%
	SYY	B	0.75%	0.07%	0.07%
	T	A	0.33%	0.32%	0.32%
	TAP	C	0.25%	0.02%	0.02%
	TDG	D	0.08%	0.14%	0.08%
	TDY	B	0.03%	0.04%	0.03%
	TECH	D	0.15%	0.02%	0.02%
	TER	D	0.17%	0.03%	0.03%
	TFC	A	0.06%	0.12%	0.06%
	TFX	F	0.05%	0.02%	0.02%
	TGT	F	0.17%	0.11%	0.11%
	TJX	A	0.72%	0.26%	0.26%
	TMO	F	0.14%	0.38%	0.14%
	TMUS	B	0.33%	0.24%	0.24%
	TRGP	B	0.24%	0.08%	0.08%
	TRMB	B	0.03%	0.03%	0.03%
	TROW	B	0.09%	0.05%	0.05%
	TRV	B	0.14%	0.11%	0.11%
	TSCO	D	0.12%	0.06%	0.06%
	TSLA	B	0.28%	1.89%	0.28%
	TSN	B	0.36%	0.03%	0.03%
	TT	A	0.07%	0.18%	0.07%
	TTWO	A	0.49%	0.06%	0.06%
	TXN	C	0.23%	0.35%	0.23%
	TXT	D	0.16%	0.03%	0.03%
	TYL	B	0.22%	0.05%	0.05%
	UBER	D	0.11%	0.25%	0.11%
	UDR	B	0.1%	0.03%	0.03%
	UHS	D	0.32%	0.02%	0.02%
	ULTA	F	0.17%	0.03%	0.03%
	UNH	C	0.26%	1.07%	0.26%
	UNP	C	0.08%	0.27%	0.08%
	UPS	C	0.09%	0.19%	0.09%
	URI	B	0.14%	0.11%	0.11%
	USB	A	0.06%	0.15%	0.06%
	V	A	0.04%	0.93%	0.04%
	VICI	C	0.06%	0.06%	0.06%
	VLO	C	0.5%	0.09%	0.09%
	VLTO	D	0.03%	0.05%	0.03%
	VMC	B	0.17%	0.07%	0.07%
	VRSK	A	0.04%	0.08%	0.04%
	VRSN	F	0.27%	0.03%	0.03%
	VRTX	F	0.23%	0.22%	0.22%
	VST	B	0.41%	0.1%	0.1%
	VTR	C	0.11%	0.05%	0.05%
	VTRS	A	0.24%	0.03%	0.03%
	VZ	C	0.33%	0.34%	0.33%
	WAB	B	0.13%	0.07%	0.07%
	WAT	B	0.15%	0.04%	0.04%
	WBA	F	0.64%	0.01%	0.01%
	WBD	C	0.19%	0.04%	0.04%
	WDC	D	0.17%	0.04%	0.04%
	WEC	A	0.07%	0.06%	0.06%
	WELL	A	0.11%	0.16%	0.11%
	WFC	A	0.13%	0.49%	0.13%
	WM	A	0.18%	0.17%	0.17%
	WMB	A	0.25%	0.14%	0.14%
	WMT	A	0.73%	0.74%	0.73%
	WRB	A	0.14%	0.04%	0.04%
	WST	C	0.05%	0.04%	0.04%
	WTW	B	0.03%	0.06%	0.03%
	WY	D	0.17%	0.04%	0.04%
	WYNN	D	0.08%	0.02%	0.02%
	XEL	A	0.08%	0.07%	0.07%
	XOM	B	0.77%	1.04%	0.77%
	XYL	D	0.19%	0.06%	0.06%
	YUM	B	0.51%	0.07%	0.07%
	ZBH	C	0.12%	0.04%	0.04%
	ZBRA	B	0.13%	0.04%	0.04%
	ZTS	D	0.25%	0.15%	0.15%

SSPY Overweight 16 Positions Relative to PBUS

	Symbol	Grade	Weight
	BWA	D	0.42%
	TPR	B	0.33%
	RL	B	0.32%
	UAL	A	0.28%
	HAS	D	0.26%
	GL	B	0.2%
	MHK	D	0.19%
	TEL	B	0.19%
	NWS	B	0.1%
	FMC	D	0.09%
	NCLH	B	0.09%
	IVZ	B	0.09%
	GNRC	B	0.08%
	CZR	F	0.07%
	PNW	B	0.07%
	FRT	B	0.06%

SSPY Underweight 100 Positions Relative to PBUS

	Symbol	Grade	Weight
	LRCX	F	-0.18%
	MELI	D	-0.17%
	MRVL	B	-0.15%
	MSTR	C	-0.14%
	APO	B	-0.13%
	APP	B	-0.13%
	COIN	C	-0.12%
	WDAY	B	-0.11%
	TTD	B	-0.11%
	SQ	B	-0.1%
	LNG	B	-0.1%
	DASH	A	-0.1%
	FLUT	A	-0.09%
	WCN	A	-0.09%
	VRT	B	-0.09%
	SNOW	C	-0.08%
	TEAM	A	-0.08%
	DDOG	A	-0.07%
	NET	B	-0.06%
	TPL	A	-0.06%
	ALNY	D	-0.06%
	ARES	A	-0.06%
	VEEV	C	-0.06%
	HUBS	A	-0.06%
	LPLA	A	-0.05%
	EME	C	-0.05%
	RBLX	C	-0.05%
	ZS	C	-0.04%
	RS	B	-0.04%
	WSO	A	-0.04%
	BAH	F	-0.04%
	HOOD	B	-0.04%
	TRU	D	-0.04%
	DKNG	B	-0.04%
	ZM	B	-0.04%
	CSL	C	-0.04%
	LII	A	-0.04%
	MDB	C	-0.04%
	ILMN	D	-0.04%
	MKL	A	-0.04%
	FCNCA	A	-0.04%
	WSM	B	-0.04%
	GLPI	C	-0.03%
	AVTR	F	-0.03%
	DT	C	-0.03%
	ENTG	D	-0.03%
	ACM	A	-0.03%
	GGG	B	-0.03%
	UTHR	C	-0.03%
	EQH	B	-0.03%
	TOST	B	-0.03%
	PSTG	D	-0.03%
	FNF	B	-0.03%
	TW	A	-0.03%
	HEI	B	-0.03%
	SUI	D	-0.03%
	DOCU	A	-0.03%
	SSNC	B	-0.03%
	TWLO	A	-0.03%
	OC	A	-0.03%
	MANH	D	-0.03%
	PINS	D	-0.03%
	RPM	A	-0.03%
	BURL	A	-0.03%
	CHRD	D	-0.02%
	CRBG	B	-0.02%
	TTC	D	-0.02%
	ROKU	D	-0.02%
	SEIC	B	-0.02%
	KNX	B	-0.02%
	FBIN	D	-0.02%
	ALLY	C	-0.02%
	EXAS	D	-0.02%
	RPRX	D	-0.02%
	CNH	C	-0.02%
	AFG	A	-0.02%
	WTRG	B	-0.02%
	IOT	A	-0.02%
	CCK	C	-0.02%
	SNAP	C	-0.02%
	DKS	C	-0.02%
	BMRN	D	-0.02%
	HEI	B	-0.02%
	Z	A	-0.02%
	OKTA	C	-0.02%
	CG	A	-0.02%
	AMH	D	-0.02%
	NBIX	C	-0.02%
	WPC	D	-0.02%
	ELS	C	-0.02%
	OVV	B	-0.02%
	CELH	F	-0.01%
	WLK	D	-0.01%
	UHAL	D	-0.01%
	H	B	-0.01%
	DINO	D	-0.01%
	BIO	D	-0.01%
	ACI	C	-0.01%
	RIVN	F	-0.01%
	BSY	D	-0.01%

SSPY: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P 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

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

PBUS: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Chemical Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Cloud Computing Banking Insurance Products Mining IBD 50