TSPA vs. SHUS ETF Comparison

Comparison of T. Rowe Price U.S. Equity Research ETF (TSPA) to Syntax Stratified U.S. Total Market Hedged ETF (SHUS)

TSPA

T. Rowe Price U.S. Equity Research ETF

TSPA Description

Blue Safari Group Acquisition Corp. intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or similar business combination. It focuses on pursuing opportunities in fintech, infotech, insurtech, and business services. The company was incorporated in 2021 and is based in Central, Hong Kong.

Grade (RS Rating)

Last Trade

$37.37

Average Daily Volume

114,330

Number of Holdings ^*

342

* may have additional holdings in another (foreign) market

SHUS

Syntax Stratified U.S. Total Market Hedged ETF

SHUS Description

The investment seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 1500® Index over a full market cycle by investing in ETFs or underlying securities that provide Stratified WeightTM U.S. total equity market exposure to companies in the 1500 while seeking risk-managed growth via a defined risk hedging process. The fund will also invest in index options for risk management purposes and to seek to generate additional returns. Syntax?s Stratified Weight? is designed to correct for business risk concentrations that regularly occur in cap-weighted indices and equal-weighted indices.

Grade (RS Rating)

Last Trade

$44.29

Average Daily Volume

2,444

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	TSPA	SHUS
30 Days	1.66%	2.26%
60 Days	4.50%	3.81%
90 Days	5.68%	5.24%
12 Months	33.21%	15.89%

293 Overlapping Holdings

Symbol	Grade	Weight in TSPA	Weight in SHUS	Overlap
AAPL	C	7.37%	0.49%	0.49%
ABBV	F	0.62%	0.24%	0.24%
ABNB	C	0.11%	0.12%	0.11%
ABT	B	0.19%	0.06%	0.06%
ACN	B	0.65%	0.13%	0.13%
ADBE	C	0.49%	0.15%	0.15%
ADI	D	0.3%	0.22%	0.22%
ADSK	A	0.19%	0.16%	0.16%
AEE	A	0.19%	0.08%	0.08%
AIG	B	0.26%	0.19%	0.19%
ALL	A	0.3%	0.19%	0.19%
AMAT	F	0.02%	0.17%	0.02%
AMD	F	0.55%	0.14%	0.14%
AME	A	0.02%	0.12%	0.02%
AMGN	F	0.44%	0.23%	0.23%
AMT	C	0.33%	0.06%	0.06%
AMZN	C	3.66%	0.21%	0.21%
ANET	C	0.14%	0.21%	0.14%
APH	A	0.11%	0.18%	0.11%
APTV	F	0.02%	0.39%	0.02%
ATO	A	0.14%	0.32%	0.14%
AVB	B	0.07%	0.1%	0.07%
AVGO	D	1.69%	0.22%	0.22%
AXP	A	0.37%	0.05%	0.05%
AZO	C	0.15%	0.15%	0.15%
BA	F	0.24%	0.16%	0.16%
BAC	A	0.61%	0.12%	0.12%
BALL	F	0.11%	0.12%	0.11%
BBWI	C	0.02%	0.19%	0.02%
BDX	F	0.29%	0.05%	0.05%
BIIB	F	0.1%	0.24%	0.1%
BK	A	0.16%	0.11%	0.11%
BKNG	A	0.31%	0.13%	0.13%
BLK	B	0.21%	0.09%	0.09%
BMY	B	0.13%	0.25%	0.13%
BR	A	0.03%	0.11%	0.03%
BRK.A	B	1.23%	0.49%	0.49%
BSX	A	0.23%	0.06%	0.06%
BX	A	0.08%	0.08%	0.08%
C	A	0.42%	0.13%	0.13%
CAH	B	0.03%	0.19%	0.03%
CARR	C	0.21%	0.08%	0.08%
CAT	B	0.15%	0.14%	0.14%
CB	C	0.48%	0.14%	0.14%
CBOE	C	0.14%	0.04%	0.04%
CBRE	B	0.07%	0.04%	0.04%
CCI	C	0.01%	0.06%	0.01%
CDNS	B	0.19%	0.33%	0.19%
CEG	C	0.27%	0.38%	0.27%
CF	A	0.1%	0.09%	0.09%
CI	D	0.32%	0.18%	0.18%
CL	D	0.22%	0.4%	0.22%
CLX	A	0.04%	0.41%	0.04%
CMCSA	B	0.42%	0.51%	0.42%
CMG	B	0.27%	0.49%	0.27%
CMI	A	0.31%	0.08%	0.08%
CMS	C	0.08%	0.07%	0.07%
CNP	A	0.06%	0.25%	0.06%
COP	C	0.42%	0.07%	0.07%
COR	B	0.12%	0.18%	0.12%
COST	A	0.8%	0.7%	0.7%
CPAY	A	0.29%	0.04%	0.04%
CPB	D	0.02%	0.2%	0.02%
CPRT	B	0.13%	0.22%	0.13%
CPT	B	0.0%	0.1%	0.0%
CRL	D	0.0%	0.14%	0.0%
CRM	B	0.79%	0.35%	0.35%
CRWD	B	0.11%	0.18%	0.11%
CSCO	B	0.32%	0.21%	0.21%
CSGP	D	0.04%	0.04%	0.04%
CSX	C	0.35%	0.08%	0.08%
CTAS	B	0.1%	0.17%	0.1%
CVS	D	0.04%	0.68%	0.04%
CVX	A	0.47%	0.75%	0.47%
D	C	0.05%	0.24%	0.05%
DAL	B	0.05%	0.27%	0.05%
DE	B	0.24%	0.13%	0.13%
DFS	B	0.13%	0.68%	0.13%
DG	F	0.09%	0.17%	0.09%
DGX	A	0.08%	0.16%	0.08%
DHR	F	0.46%	0.1%	0.1%
DIS	B	0.2%	0.2%	0.2%
DOV	A	0.1%	0.17%	0.1%
DPZ	C	0.09%	0.52%	0.09%
DUK	C	0.04%	0.07%	0.04%
DVN	F	0.04%	0.16%	0.04%
DXCM	C	0.11%	0.09%	0.09%
EA	A	0.07%	0.48%	0.07%
EBAY	D	0.01%	0.22%	0.01%
EFX	F	0.09%	0.04%	0.04%
EL	F	0.04%	0.49%	0.04%
ELV	F	0.37%	0.24%	0.24%
EMR	B	0.07%	0.03%	0.03%
EOG	A	0.2%	0.07%	0.07%
EQIX	A	0.26%	0.26%	0.26%
EQT	B	0.06%	0.18%	0.06%
ESS	B	0.13%	0.1%	0.1%
ETR	B	0.1%	0.25%	0.1%
EVRG	A	0.06%	0.08%	0.06%
EW	C	0.06%	0.06%	0.06%
EXC	C	0.07%	0.29%	0.07%
EXR	C	0.01%	0.11%	0.01%
F	C	0.01%	0.24%	0.01%
FANG	C	0.12%	0.07%	0.07%
FCX	F	0.19%	0.29%	0.19%
FDS	B	0.04%	0.04%	0.04%
FDX	B	0.15%	0.07%	0.07%
FE	C	0.08%	0.24%	0.08%
FI	A	0.49%	0.06%	0.06%
FICO	B	0.11%	0.03%	0.03%
FITB	B	0.14%	0.05%	0.05%
FSLR	F	0.0%	0.2%	0.0%
FTNT	C	0.36%	0.17%	0.17%
FTV	C	0.08%	0.03%	0.03%
GD	D	0.03%	0.16%	0.03%
GE	D	0.56%	0.17%	0.17%
GEN	B	0.18%	0.17%	0.17%
GEV	B	0.25%	0.18%	0.18%
GILD	C	0.14%	0.24%	0.14%
GIS	D	0.04%	0.21%	0.04%
GM	C	0.05%	0.24%	0.05%
GOOG	C	2.14%	0.22%	0.22%
GOOGL	C	1.48%	0.22%	0.22%
GPN	B	0.18%	0.04%	0.04%
GS	A	0.29%	0.25%	0.25%
HAL	C	0.09%	0.33%	0.09%
HBAN	A	0.13%	0.05%	0.05%
HCA	F	0.05%	0.33%	0.05%
HD	B	0.9%	0.25%	0.25%
HES	B	0.05%	0.07%	0.05%
HIG	B	0.28%	0.14%	0.14%
HII	F	0.02%	0.08%	0.02%
HLT	A	0.18%	0.12%	0.12%
HOLX	D	0.12%	0.1%	0.1%
HON	C	0.32%	0.16%	0.16%
HUBB	B	0.16%	0.26%	0.16%
HUM	C	0.07%	0.26%	0.07%
HWM	A	0.16%	0.07%	0.07%
IBM	C	0.23%	0.33%	0.23%
ICE	C	0.26%	0.04%	0.04%
IDXX	F	0.06%	0.09%	0.06%
IEX	C	0.07%	0.2%	0.07%
INTC	C	0.01%	0.16%	0.01%
INTU	B	0.36%	0.2%	0.2%
IP	A	0.05%	0.06%	0.05%
IQV	F	0.03%	0.13%	0.03%
IR	B	0.11%	0.2%	0.11%
ISRG	A	0.48%	0.12%	0.12%
IT	C	0.04%	0.13%	0.04%
JBHT	C	0.01%	0.08%	0.01%
JCI	B	0.09%	0.08%	0.08%
JNJ	C	0.68%	0.23%	0.23%
JPM	A	1.16%	0.12%	0.12%
K	A	0.02%	0.18%	0.02%
KDP	F	0.3%	0.24%	0.24%
KEY	B	0.05%	0.06%	0.05%
KEYS	A	0.2%	0.2%	0.2%
KHC	F	0.02%	0.21%	0.02%
KIM	A	0.05%	0.06%	0.05%
KKR	A	0.19%	0.09%	0.09%
KLAC	F	0.43%	0.17%	0.17%
KMB	C	0.09%	0.41%	0.09%
KMI	A	0.1%	0.25%	0.1%
KO	D	0.68%	0.24%	0.24%
KVUE	A	0.3%	0.41%	0.3%
LHX	C	0.19%	0.08%	0.08%
LIN	C	0.7%	0.04%	0.04%
LLY	F	1.9%	0.23%	0.23%
LMT	D	0.06%	0.08%	0.06%
LOW	C	0.3%	0.25%	0.25%
LULU	C	0.11%	0.3%	0.11%
LUV	C	0.01%	0.25%	0.01%
LVS	B	0.14%	0.08%	0.08%
MA	B	0.89%	0.05%	0.05%
MAR	A	0.16%	0.12%	0.12%
MCD	D	0.55%	0.49%	0.49%
MCHP	F	0.02%	0.13%	0.02%
MCK	A	0.18%	0.18%	0.18%
MCO	B	0.16%	0.04%	0.04%
MDLZ	F	0.16%	0.18%	0.16%
MDT	D	0.1%	0.06%	0.06%
MET	A	0.26%	0.21%	0.21%
META	D	2.67%	0.46%	0.46%
MMC	B	0.25%	0.03%	0.03%
MNST	C	0.07%	0.25%	0.07%
MO	A	0.06%	0.35%	0.06%
MOH	F	0.11%	0.25%	0.11%
MOS	F	0.06%	0.08%	0.06%
MPC	D	0.24%	0.48%	0.24%
MPWR	F	0.09%	0.21%	0.09%
MRK	D	0.55%	0.24%	0.24%
MRNA	F	0.0%	0.23%	0.0%
MS	A	0.26%	0.26%	0.26%
MSCI	C	0.03%	0.04%	0.03%
MSFT	D	6.73%	0.32%	0.32%
MTD	F	0.17%	0.14%	0.14%
MU	D	0.02%	0.15%	0.02%
NCLH	B	0.05%	0.09%	0.05%
NEE	C	0.51%	0.24%	0.24%
NFLX	A	0.8%	0.22%	0.22%
NI	A	0.02%	0.32%	0.02%
NKE	F	0.08%	0.33%	0.08%
NOC	D	0.27%	0.08%	0.08%
NOW	A	0.06%	0.22%	0.06%
NSC	B	0.21%	0.08%	0.08%
NVDA	B	6.08%	0.13%	0.13%
NVR	D	0.23%	0.3%	0.23%
NXPI	D	0.02%	0.23%	0.02%
ODFL	C	0.28%	0.08%	0.08%
ON	D	0.04%	0.22%	0.04%
ORCL	A	0.53%	0.34%	0.34%
ORLY	B	0.17%	0.14%	0.14%
PANW	B	0.1%	0.16%	0.1%
PCG	A	0.33%	0.07%	0.07%
PEP	F	0.51%	0.17%	0.17%
PFE	F	0.22%	0.24%	0.22%
PG	C	0.78%	0.41%	0.41%
PGR	A	0.06%	0.19%	0.06%
PKG	A	0.1%	0.06%	0.06%
PLD	F	0.28%	0.06%	0.06%
PM	B	0.56%	0.35%	0.35%
PNC	B	0.08%	0.06%	0.06%
PPL	A	0.02%	0.08%	0.02%
PSA	C	0.18%	0.1%	0.1%
PSX	C	0.07%	0.5%	0.07%
QCOM	F	0.55%	0.22%	0.22%
RCL	A	0.18%	0.08%	0.08%
REG	A	0.04%	0.06%	0.04%
REGN	F	0.31%	0.23%	0.23%
ROK	C	0.18%	0.03%	0.03%
ROP	B	0.27%	0.03%	0.03%
ROST	D	0.17%	0.71%	0.17%
RSG	A	0.03%	0.18%	0.03%
RTX	D	0.2%	0.08%	0.08%
SBAC	D	0.02%	0.06%	0.02%
SBUX	A	0.1%	0.48%	0.1%
SCHW	B	0.35%	0.25%	0.25%
SHW	B	0.21%	0.06%	0.06%
SLB	C	0.19%	0.34%	0.19%
SNPS	B	0.2%	0.34%	0.2%
SO	C	0.2%	0.08%	0.08%
SPG	A	0.06%	0.06%	0.06%
SPGI	C	0.33%	0.04%	0.04%
SRE	A	0.04%	0.07%	0.04%
STLD	B	0.13%	0.27%	0.13%
STZ	D	0.12%	0.25%	0.12%
SWK	D	0.32%	0.26%	0.26%
SYK	B	0.39%	0.12%	0.12%
SYY	D	0.04%	0.73%	0.04%
T	A	0.06%	0.33%	0.06%
TDG	D	0.16%	0.06%	0.06%
TDY	B	0.17%	0.03%	0.03%
TER	F	0.01%	0.16%	0.01%
TFC	A	0.03%	0.05%	0.03%
TGT	F	0.17%	0.17%	0.17%
TJX	A	0.2%	0.71%	0.2%
TMO	F	0.66%	0.14%	0.14%
TMUS	B	0.76%	0.33%	0.33%
TRGP	A	0.06%	0.24%	0.06%
TRV	B	0.11%	0.14%	0.11%
TSLA	B	1.59%	0.27%	0.27%
TSN	B	0.03%	0.35%	0.03%
TT	A	0.14%	0.08%	0.08%
TXN	C	0.46%	0.22%	0.22%
UAL	A	0.05%	0.28%	0.05%
UBER	F	0.44%	0.11%	0.11%
ULTA	F	0.02%	0.17%	0.02%
UNH	B	1.2%	0.25%	0.25%
USB	A	0.08%	0.05%	0.05%
V	A	1.1%	0.04%	0.04%
VLO	C	0.07%	0.49%	0.07%
VLTO	C	0.0%	0.03%	0.0%
VMC	B	0.14%	0.17%	0.14%
VRSK	A	0.11%	0.04%	0.04%
VRTX	D	0.18%	0.23%	0.18%
VST	A	0.08%	0.4%	0.08%
VTRS	A	0.01%	0.24%	0.01%
VZ	C	0.07%	0.32%	0.07%
WDC	D	0.11%	0.17%	0.11%
WELL	A	0.21%	0.11%	0.11%
WFC	A	0.37%	0.13%	0.13%
WM	B	0.13%	0.18%	0.13%
WMB	A	0.07%	0.24%	0.07%
WMT	A	0.76%	0.72%	0.72%
WY	F	0.02%	0.17%	0.02%
WYNN	C	0.11%	0.08%	0.08%
XEL	A	0.23%	0.07%	0.07%
XOM	B	1.12%	0.75%	0.75%
XYL	D	0.01%	0.19%	0.01%
YUM	D	0.02%	0.5%	0.02%
ZBH	C	0.2%	0.12%	0.12%
ZBRA	B	0.15%	0.13%	0.13%
ZTS	D	0.09%	0.25%	0.09%

TSPA Overweight 49 Positions Relative to SHUS

Symbol	Grade	Weight
CRBG	B	0.2%
NVO	F	0.17%
VOYA	B	0.17%
SAIA	B	0.16%
MRVL	B	0.16%
RNR	C	0.16%
THC	D	0.15%
REXR	F	0.14%
TW	A	0.13%
ENTG	D	0.12%
ARES	A	0.12%
BURL	B	0.11%
WCN	A	0.11%
WFG	C	0.11%
WING	D	0.08%
ICLR	D	0.08%
EQH	C	0.08%
RGEN	D	0.08%
SITE	F	0.07%
AZN	F	0.07%
APO	B	0.07%
SUI	C	0.07%
LPLA	A	0.06%
PSTG	D	0.06%
SPOT	B	0.06%
DT	D	0.06%
WAL	B	0.05%
SHOP	B	0.05%
AXS	A	0.05%
ESAB	C	0.05%
BGNE	D	0.05%
VRT	B	0.05%
CUBE	C	0.04%
ZS	B	0.04%
TPG	A	0.04%
BPOP	C	0.04%
AMH	C	0.04%
SNY	F	0.04%
BAH	F	0.03%
LRCX	F	0.03%
ST	F	0.02%
ELAN	D	0.02%
CNI	F	0.02%
RPM	A	0.02%
EWBC	A	0.02%
ALLY	C	0.02%
WDAY	B	0.02%
LSCC	D	0.01%
RIVN	F	0.01%

TSPA Underweight 207 Positions Relative to SHUS

Symbol	Grade	Weight
KR	B	-0.73%
COF	C	-0.69%
SYF	B	-0.68%
WBA	F	-0.63%
DRI	B	-0.5%
L	A	-0.49%
MSI	B	-0.49%
TTWO	A	-0.48%
MTCH	D	-0.46%
CHTR	C	-0.46%
BWA	D	-0.41%
CHD	A	-0.41%
PWR	A	-0.4%
J	D	-0.39%
JBL	C	-0.37%
HRL	D	-0.36%
ADM	D	-0.36%
BG	D	-0.36%
BKR	A	-0.35%
HPQ	B	-0.34%
IPG	D	-0.33%
OMC	C	-0.33%
AWK	C	-0.32%
RL	C	-0.32%
UHS	D	-0.32%
TPR	B	-0.32%
GRMN	B	-0.32%
NRG	B	-0.32%
AES	F	-0.31%
DECK	A	-0.29%
VRSN	C	-0.27%
ETN	A	-0.26%
DLR	B	-0.26%
GDDY	A	-0.26%
AKAM	D	-0.26%
PHM	D	-0.25%
TAP	C	-0.25%
SNA	A	-0.25%
INCY	C	-0.25%
RJF	A	-0.25%
ENPH	F	-0.25%
NUE	C	-0.25%
HAS	D	-0.25%
PEG	A	-0.25%
CNC	D	-0.25%
AEP	C	-0.24%
OKE	A	-0.24%
ED	C	-0.24%
NEM	D	-0.24%
LEN	D	-0.24%
DTE	C	-0.24%
CTLT	C	-0.24%
EIX	B	-0.24%
DHI	F	-0.23%
LW	C	-0.22%
DAY	B	-0.22%
PLTR	B	-0.22%
AOS	F	-0.21%
MKC	C	-0.21%
QRVO	F	-0.21%
SWKS	F	-0.21%
SJM	D	-0.21%
CAG	F	-0.21%
ADP	A	-0.21%
PAYX	B	-0.21%
PAYC	B	-0.21%
TYL	B	-0.21%
AFL	B	-0.2%
PARA	C	-0.2%
FFIV	B	-0.2%
ERIE	D	-0.2%
AIZ	A	-0.2%
HSIC	C	-0.2%
PRU	A	-0.2%
PFG	D	-0.2%
TEL	B	-0.19%
MAS	D	-0.19%
HPE	B	-0.19%
WBD	B	-0.19%
GLW	B	-0.19%
PNR	A	-0.19%
BLDR	D	-0.19%
GL	C	-0.19%
JNPR	D	-0.19%
ROL	B	-0.18%
MHK	D	-0.18%
MMM	D	-0.17%
ANSS	B	-0.17%
MLM	C	-0.17%
NTAP	C	-0.17%
ITW	B	-0.17%
BBY	D	-0.17%
CTRA	B	-0.17%
DLTR	F	-0.17%
PTC	B	-0.17%
DELL	B	-0.17%
STX	C	-0.17%
HSY	F	-0.17%
LH	B	-0.16%
TXT	D	-0.16%
TECH	F	-0.15%
GPC	D	-0.15%
A	D	-0.15%
WAT	C	-0.15%
SMCI	F	-0.15%
CINF	A	-0.14%
URI	C	-0.14%
ACGL	C	-0.14%
EG	C	-0.14%
KMX	B	-0.14%
LKQ	F	-0.14%
EPAM	B	-0.13%
POOL	C	-0.13%
GWW	B	-0.13%
CTSH	B	-0.13%
WAB	B	-0.13%
LDOS	C	-0.13%
WRB	A	-0.13%
EXPE	B	-0.12%
STE	D	-0.12%
CDW	F	-0.12%
FAST	B	-0.12%
TSCO	D	-0.12%
PCAR	B	-0.12%
AMCR	C	-0.12%
VTR	B	-0.11%
DVA	C	-0.11%
DOC	C	-0.11%
BXP	C	-0.11%
HST	C	-0.11%
STT	B	-0.11%
PODD	C	-0.1%
NWSA	A	-0.1%
NWS	A	-0.1%
RVTY	F	-0.1%
INVH	D	-0.1%
EQR	C	-0.1%
FOX	A	-0.1%
UDR	B	-0.1%
GEHC	D	-0.1%
ALGN	D	-0.1%
MAA	B	-0.1%
FOXA	A	-0.1%
ARE	F	-0.1%
AXON	A	-0.09%
EXPD	C	-0.09%
CCL	A	-0.09%
AMP	A	-0.09%
CHRW	B	-0.09%
IVZ	B	-0.09%
LYV	A	-0.09%
RMD	C	-0.09%
LNT	A	-0.08%
PH	A	-0.08%
GNRC	C	-0.08%
UNP	C	-0.08%
OTIS	C	-0.08%
NTRS	A	-0.08%
CTVA	C	-0.08%
FMC	D	-0.08%
BEN	C	-0.08%
TROW	B	-0.08%
UPS	C	-0.08%
LYB	F	-0.07%
SW	A	-0.07%
OXY	D	-0.07%
PPG	F	-0.07%
CZR	F	-0.07%
MGM	D	-0.07%
MRO	B	-0.07%
APA	D	-0.07%
DOW	F	-0.07%
PNW	A	-0.07%
CE	F	-0.07%
ALLE	C	-0.07%
WEC	A	-0.07%
ES	C	-0.07%
RF	A	-0.06%
MTB	A	-0.06%
PYPL	B	-0.06%
AVY	F	-0.06%
FRT	B	-0.06%
VICI	C	-0.06%
O	C	-0.06%
IRM	C	-0.06%
APD	A	-0.05%
SOLV	D	-0.05%
IFF	D	-0.05%
ECL	D	-0.05%
BAX	F	-0.05%
WST	C	-0.05%
TFX	F	-0.05%
EMN	C	-0.05%
ALB	B	-0.05%
DD	C	-0.05%
FIS	C	-0.05%
JKHY	D	-0.05%
CFG	B	-0.05%
WTW	B	-0.04%
AON	A	-0.04%
NDAQ	A	-0.04%
MKTX	D	-0.04%
CME	B	-0.04%
NDSN	B	-0.03%
TRMB	B	-0.03%
AJG	A	-0.03%
BRO	B	-0.03%