SSPY vs. SPUS ETF Comparison

Comparison of Syntax Stratified LargeCap ETF (SSPY) to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS)

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

SPUS

SP Funds S&P 500 Sharia Industry Exclusions ETF

SPUS Description

The investment seeks to track the performance, before fees and expenses, of the S&P 500 Shariah Industry Exclusions Index. The index is composed of the constituents of the S&P 500® Shariah Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The manager attempts to invest all, or substantially all, of its assets in the component securities that make up the index. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$41.60

Average Daily Volume

171,600

Number of Holdings ^*

225

* may have additional holdings in another (foreign) market

Performance

Period	SSPY	SPUS
30 Days	0.32%	3.00%
60 Days	2.18%	4.99%
90 Days	5.28%	2.95%
12 Months	22.69%	35.50%

225 Overlapping Holdings

Symbol	Grade	Weight in SSPY	Weight in SPUS	Overlap
A	C	0.15%	0.13%	0.13%
AAPL	C	0.52%	11.17%	0.52%
ABBV	B	0.25%	1.1%	0.25%
ABT	C	0.06%	0.64%	0.06%
ACN	C	0.13%	0.68%	0.13%
ADBE	F	0.17%	0.75%	0.17%
ADI	C	0.23%	0.36%	0.23%
ADM	D	0.38%	0.09%	0.09%
ADSK	B	0.17%	0.19%	0.17%
AKAM	D	0.28%	0.05%	0.05%
ALB	D	0.05%	0.03%	0.03%
ALGN	D	0.1%	0.05%	0.05%
ALLE	B	0.08%	0.04%	0.04%
AMAT	D	0.18%	0.53%	0.18%
AMD	C	0.14%	0.85%	0.14%
AME	C	0.13%	0.13%	0.13%
AMZN	C	0.23%	5.83%	0.23%
ANET	C	0.22%	0.32%	0.22%
ANSS	D	0.17%	0.09%	0.09%
AOS	B	0.2%	0.03%	0.03%
APD	B	0.05%	0.21%	0.05%
APH	C	0.2%	0.25%	0.2%
APTV	D	0.4%	0.06%	0.06%
AVB	C	0.11%	0.11%	0.11%
AVGO	C	0.24%	2.65%	0.24%
AVY	C	0.06%	0.06%	0.06%
AZO	B	0.14%	0.17%	0.14%
BBY	A	0.17%	0.06%	0.06%
BDX	D	0.05%	0.22%	0.05%
BIIB	F	0.25%	0.09%	0.09%
BKNG	B	0.12%	0.45%	0.12%
BKR	C	0.37%	0.12%	0.12%
BLDR	C	0.2%	0.07%	0.07%
BSX	B	0.06%	0.4%	0.06%
CAH	C	0.2%	0.09%	0.09%
CDNS	D	0.34%	0.24%	0.24%
CDW	D	0.13%	0.1%	0.1%
CEG	C	0.39%	0.27%	0.27%
CF	B	0.09%	0.05%	0.05%
CHD	C	0.43%	0.08%	0.08%
CHRW	B	0.09%	0.04%	0.04%
CL	C	0.43%	0.28%	0.28%
CLX	C	0.43%	0.06%	0.06%
CMI	B	0.08%	0.14%	0.08%
COP	F	0.08%	0.4%	0.08%
CPRT	D	0.23%	0.15%	0.15%
CPT	C	0.11%	0.04%	0.04%
CRL	F	0.15%	0.03%	0.03%
CRM	C	0.36%	0.86%	0.36%
CSCO	B	0.21%	0.69%	0.21%
CSX	C	0.09%	0.21%	0.09%
CTAS	C	0.19%	0.23%	0.19%
CTRA	F	0.18%	0.06%	0.06%
CTSH	B	0.13%	0.12%	0.12%
CTVA	B	0.09%	0.13%	0.09%
DD	B	0.05%	0.12%	0.05%
DECK	C	0.3%	0.08%	0.08%
DGX	B	0.17%	0.05%	0.05%
DHI	C	0.25%	0.18%	0.18%
DHR	B	0.1%	0.56%	0.1%
DOV	B	0.17%	0.08%	0.08%
DVN	F	0.18%	0.08%	0.08%
DXCM	F	0.1%	0.09%	0.09%
EBAY	B	0.23%	0.1%	0.1%
ECL	B	0.05%	0.21%	0.05%
EFX	C	0.04%	0.12%	0.04%
EL	D	0.47%	0.07%	0.07%
EMR	D	0.03%	0.19%	0.03%
ENPH	D	0.27%	0.05%	0.05%
EOG	D	0.08%	0.23%	0.08%
EPAM	F	0.13%	0.04%	0.04%
EQIX	B	0.28%	0.27%	0.27%
EQR	C	0.11%	0.08%	0.08%
ETN	C	0.27%	0.42%	0.27%
EW	F	0.06%	0.13%	0.06%
EXPD	B	0.09%	0.06%	0.06%
EXPE	C	0.12%	0.06%	0.06%
FAST	C	0.13%	0.13%	0.13%
FCX	C	0.29%	0.23%	0.23%
FFIV	B	0.22%	0.04%	0.04%
FICO	B	0.05%	0.15%	0.05%
FSLR	C	0.2%	0.08%	0.08%
FTNT	B	0.17%	0.16%	0.16%
FTV	C	0.03%	0.09%	0.03%
GEHC	B	0.11%	0.13%	0.11%
GILD	B	0.26%	0.33%	0.26%
GIS	B	0.22%	0.13%	0.13%
GLW	B	0.2%	0.11%	0.11%
GNRC	D	0.08%	0.03%	0.03%
GOOG	D	0.23%	2.54%	0.23%
GOOGL	D	0.23%	3.07%	0.23%
GPC	D	0.15%	0.06%	0.06%
GRMN	D	0.34%	0.09%	0.09%
GWW	B	0.13%	0.15%	0.13%
HAL	F	0.36%	0.08%	0.08%
HD	B	0.27%	1.28%	0.27%
HES	F	0.08%	0.12%	0.08%
HOLX	D	0.1%	0.06%	0.06%
HON	C	0.17%	0.44%	0.17%
HPQ	C	0.36%	0.11%	0.11%
HSIC	C	0.2%	0.03%	0.03%
HSY	D	0.18%	0.09%	0.09%
HUBB	B	0.26%	0.07%	0.07%
IDXX	D	0.1%	0.13%	0.1%
IEX	C	0.2%	0.05%	0.05%
INCY	C	0.25%	0.03%	0.03%
IR	B	0.2%	0.12%	0.12%
ISRG	C	0.13%	0.56%	0.13%
IT	C	0.14%	0.13%	0.13%
ITW	B	0.17%	0.23%	0.17%
J	A	0.4%	0.06%	0.06%
JBHT	D	0.09%	0.04%	0.04%
JBL	C	0.36%	0.04%	0.04%
JCI	B	0.08%	0.16%	0.08%
JNJ	C	0.25%	1.25%	0.25%
JNPR	A	0.2%	0.04%	0.04%
K	A	0.19%	0.07%	0.07%
KDP	B	0.25%	0.13%	0.13%
KEYS	B	0.21%	0.09%	0.09%
KLAC	D	0.18%	0.34%	0.18%
KMB	C	0.43%	0.15%	0.15%
KVUE	B	0.43%	0.14%	0.14%
LIN	B	0.05%	0.74%	0.05%
LKQ	F	0.15%	0.03%	0.03%
LLY	D	0.25%	2.37%	0.25%
LOW	B	0.26%	0.49%	0.26%
LRCX	D	0.17%	0.34%	0.17%
LULU	D	0.3%	0.1%	0.1%
LW	D	0.22%	0.03%	0.03%
MAA	C	0.11%	0.06%	0.06%
MAS	B	0.2%	0.06%	0.06%
MCHP	D	0.13%	0.13%	0.13%
MCK	F	0.19%	0.2%	0.19%
MDLZ	C	0.19%	0.32%	0.19%
MDT	B	0.06%	0.37%	0.06%
META	B	0.49%	4.03%	0.49%
MHK	B	0.19%	0.03%	0.03%
MKC	C	0.22%	0.07%	0.07%
MLM	D	0.18%	0.11%	0.11%
MMM	B	0.17%	0.24%	0.17%
MNST	D	0.26%	0.12%	0.12%
MOH	D	0.26%	0.07%	0.07%
MOS	F	0.08%	0.03%	0.03%
MPWR	B	0.23%	0.14%	0.14%
MRK	F	0.25%	0.94%	0.25%
MSFT	C	0.34%	10.42%	0.34%
MSI	B	0.51%	0.24%	0.24%
MTD	C	0.15%	0.1%	0.1%
MU	D	0.14%	0.34%	0.14%
NDSN	C	0.03%	0.05%	0.03%
NEM	C	0.26%	0.21%	0.21%
NKE	D	0.34%	0.34%	0.34%
NOW	C	0.24%	0.59%	0.24%
NSC	C	0.08%	0.18%	0.08%
NTAP	D	0.18%	0.08%	0.08%
NUE	D	0.27%	0.11%	0.11%
NVDA	C	0.14%	9.86%	0.14%
NXPI	D	0.23%	0.19%	0.19%
ODFL	D	0.09%	0.12%	0.09%
ON	D	0.22%	0.1%	0.1%
ORLY	B	0.14%	0.22%	0.14%
OTIS	B	0.08%	0.13%	0.08%
PANW	D	0.17%	0.36%	0.17%
PAYC	D	0.23%	0.03%	0.03%
PEP	D	0.18%	0.75%	0.18%
PG	C	0.43%	1.32%	0.43%
PH	B	0.08%	0.26%	0.08%
PHM	B	0.26%	0.09%	0.09%
PKG	B	0.06%	0.06%	0.06%
PLD	C	0.07%	0.38%	0.07%
PNR	B	0.2%	0.05%	0.05%
PODD	C	0.1%	0.05%	0.05%
POOL	C	0.13%	0.04%	0.04%
PPG	C	0.07%	0.1%	0.07%
PTC	C	0.17%	0.07%	0.07%
PWR	B	0.42%	0.14%	0.14%
QCOM	D	0.22%	0.61%	0.22%
QRVO	F	0.22%	0.03%	0.03%
REGN	D	0.22%	0.36%	0.22%
RL	B	0.32%	0.02%	0.02%
RMD	C	0.1%	0.11%	0.1%
ROK	D	0.03%	0.09%	0.03%
ROL	C	0.19%	0.05%	0.05%
ROP	C	0.03%	0.19%	0.03%
ROST	C	0.74%	0.17%	0.17%
RSG	D	0.19%	0.14%	0.14%
SHW	B	0.07%	0.29%	0.07%
SLB	F	0.36%	0.19%	0.19%
SMCI	F	0.17%	0.07%	0.07%
SNPS	F	0.35%	0.25%	0.25%
STE	B	0.12%	0.08%	0.08%
STLD	C	0.28%	0.06%	0.06%
SWKS	F	0.22%	0.05%	0.05%
SYK	C	0.12%	0.4%	0.12%
TECH	C	0.15%	0.04%	0.04%
TEL	D	0.19%	0.14%	0.14%
TER	C	0.17%	0.07%	0.07%
TFX	B	0.05%	0.04%	0.04%
TGT	C	0.17%	0.23%	0.17%
TJX	C	0.75%	0.43%	0.43%
TMO	B	0.14%	0.74%	0.14%
TRMB	C	0.03%	0.05%	0.03%
TSCO	B	0.12%	0.1%	0.1%
TSLA	C	0.28%	2.31%	0.28%
TT	B	0.08%	0.28%	0.08%
TXN	B	0.23%	0.61%	0.23%
TYL	C	0.23%	0.08%	0.08%
UBER	C	0.12%	0.53%	0.12%
ULTA	D	0.18%	0.06%	0.06%
UNP	D	0.08%	0.49%	0.08%
UPS	D	0.09%	0.31%	0.09%
VLO	F	0.5%	0.14%	0.14%
VLTO	B	0.03%	0.09%	0.03%
VMC	C	0.18%	0.11%	0.11%
VRSN	C	0.27%	0.05%	0.05%
WAB	B	0.14%	0.1%	0.1%
WAT	B	0.15%	0.07%	0.07%
WBA	F	0.63%	0.02%	0.02%
WM	D	0.19%	0.25%	0.19%
WST	D	0.05%	0.07%	0.05%
WY	C	0.18%	0.08%	0.08%
XOM	D	0.8%	1.65%	0.8%
XYL	C	0.19%	0.1%	0.1%
ZBH	F	0.13%	0.07%	0.07%
ZBRA	B	0.14%	0.06%	0.06%

SSPY Overweight 271 Positions Relative to SPUS

Symbol	Grade	Weight
CVX	F	0.8%
SYY	C	0.76%
WMT	B	0.76%
KR	B	0.76%
COST	C	0.74%
COF	B	0.72%
DFS	C	0.7%
SYF	C	0.69%
CVS	D	0.68%
DPZ	D	0.54%
DRI	C	0.54%
CMCSA	C	0.53%
BRK.A	C	0.52%
PSX	F	0.52%
CMG	D	0.52%
YUM	B	0.51%
MCD	B	0.51%
TTWO	D	0.5%
MPC	F	0.5%
L	D	0.5%
SBUX	C	0.49%
EA	D	0.49%
CHTR	D	0.48%
MTCH	C	0.48%
BWA	C	0.41%
VST	B	0.4%
BG	F	0.38%
PM	C	0.37%
MO	C	0.37%
HRL	F	0.37%
TSN	D	0.37%
ORCL	B	0.35%
IBM	B	0.35%
UHS	C	0.35%
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%
NRG	B	0.33%
AWK	C	0.33%
TMUS	B	0.33%
TPR	A	0.32%
AES	C	0.31%
EXC	B	0.3%
NVR	B	0.28%
GDDY	C	0.28%
HAS	B	0.27%
RJF	C	0.27%
TRGP	C	0.27%
KMI	C	0.27%
CNC	D	0.27%
DAL	C	0.27%
SWK	B	0.27%
UAL	B	0.27%
DLR	B	0.27%
CTLT	B	0.26%
PFE	D	0.26%
ZTS	B	0.26%
F	F	0.26%
WMB	C	0.26%
ETR	A	0.26%
CNP	C	0.26%
BMY	C	0.26%
GS	B	0.26%
GM	C	0.26%
LUV	C	0.26%
HUM	F	0.26%
PEG	B	0.26%
SCHW	D	0.26%
MS	B	0.26%
OKE	C	0.26%
UNH	C	0.26%
AEP	C	0.25%
D	C	0.25%
FE	B	0.25%
ED	B	0.25%
VTRS	D	0.25%
LEN	B	0.25%
DTE	A	0.25%
AMGN	D	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%
MRNA	F	0.24%
VRTX	D	0.24%
DAY	D	0.23%
NFLX	B	0.23%
PLTR	C	0.23%
INTU	D	0.22%
CAG	B	0.22%
PAYX	C	0.22%
ADP	C	0.22%
ALL	C	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%
MET	B	0.21%
CI	C	0.2%
WBD	D	0.2%
PGR	C	0.2%
PARA	D	0.2%
AIG	D	0.2%
AFL	A	0.2%
HPE	C	0.19%
CRWD	D	0.19%
BBWI	D	0.19%
GEV	B	0.19%
STX	B	0.18%
GE	C	0.18%
EQT	C	0.18%
TXT	D	0.17%
BA	F	0.17%
DG	F	0.17%
GD	C	0.17%
DLTR	F	0.17%
WDC	C	0.17%
DELL	C	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%
KMX	D	0.15%
LDOS	A	0.14%
CAT	B	0.14%
WRB	D	0.14%
URI	B	0.14%
IQV	D	0.14%
EG	B	0.14%
ABNB	D	0.13%
BALL	C	0.13%
AMCR	B	0.13%
BAC	D	0.13%
WFC	D	0.13%
JPM	D	0.13%
PCAR	D	0.13%
DE	A	0.13%
C	C	0.13%
BXP	C	0.12%
BK	B	0.12%
HLT	B	0.12%
MAR	B	0.12%
STT	B	0.12%
HST	D	0.12%
ESS	C	0.11%
FOX	B	0.11%
INVH	D	0.11%
FOXA	B	0.11%
UDR	C	0.11%
DVA	B	0.11%
VTR	C	0.11%
BR	C	0.11%
WELL	C	0.11%
ARE	C	0.11%
PSA	C	0.11%
DOC	B	0.11%
EXR	C	0.11%
NWSA	D	0.1%
NWS	D	0.1%
AMP	B	0.09%
FMC	B	0.09%
BLK	B	0.09%
LHX	C	0.09%
NTRS	C	0.09%
BX	C	0.09%
LMT	A	0.09%
TROW	C	0.09%
NOC	B	0.09%
BEN	F	0.09%
AXON	B	0.09%
RCL	B	0.09%
LYV	A	0.09%
CCL	C	0.09%
KKR	B	0.09%
NCLH	B	0.09%
IVZ	B	0.09%
ES	B	0.08%
MRO	D	0.08%
WEC	B	0.08%
PNW	C	0.08%
APA	F	0.08%
FDX	D	0.08%
CMS	B	0.08%
DUK	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%
HWM	B	0.08%
AEE	B	0.08%
EVRG	B	0.08%
CARR	B	0.08%
TDG	B	0.08%
HII	F	0.08%
RTX	B	0.08%
REG	C	0.07%
FRT	C	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%
IRM	C	0.07%
MGM	D	0.07%
SPG	B	0.07%
LYB	D	0.07%
CZR	C	0.07%
DOW	C	0.07%
WYNN	C	0.07%
CE	D	0.07%
OXY	F	0.07%
LVS	C	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%
PYPL	B	0.06%
IP	C	0.06%
CPAY	B	0.05%
NDAQ	C	0.05%
CME	B	0.05%
MKTX	D	0.05%
IFF	A	0.05%
BAX	C	0.05%
SOLV	D	0.05%
EMN	B	0.05%
JKHY	B	0.05%
WTW	B	0.04%
AJG	D	0.04%
MMC	C	0.04%
AON	B	0.04%
BRO	C	0.04%
CBRE	B	0.04%
CSGP	D	0.04%
VRSK	D	0.04%
SPGI	C	0.04%
MA	B	0.04%
FDS	C	0.04%
GPN	D	0.04%
MCO	C	0.04%
MSCI	C	0.04%
V	C	0.04%
AXP	B	0.04%
ICE	C	0.04%
CBOE	C	0.04%
TDY	B	0.03%

SSPY Underweight 0 Positions Relative to SPUS

	Symbol	Grade	Weight