BOUT vs. FDRV ETF Comparison

Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to Fidelity Electric Vehicles and Future Transportation ETF (FDRV)

BOUT

Innovator IBD Breakout Opportunities ETF

BOUT Description

The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.

Grade (RS Rating)

Last Trade

$35.42

Average Daily Volume

2,379

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDRV

Fidelity Electric Vehicles and Future Transportation ETF

FDRV Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Electric Vehicles and Future Transportation Index. Normally investing at least 80% of assets in securities included in the Fidelity Electric Vehicles and Future Transportation Index and in depositary receipts representing securities included in the index. The Fidelity Electric Vehicles and Future Transportation Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum engaged in the production of electric and/or autonomous vehicles and their components, technology, or energy systems or engaged in other initiatives that aim to change the future of transportation.

Grade (RS Rating)

Last Trade

$14.48

Average Daily Volume

10,336

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOUT	FDRV
30 Days	7.25%	12.62%
60 Days	-2.33%	0.70%
90 Days	1.84%	0.14%
12 Months	22.90%	-15.68%

1 Overlapping Holdings

	Symbol	Grade	Weight in BOUT	Weight in FDRV	Overlap
	NXPI	A	7.48%	4.2%	4.2%

BOUT Overweight 24 Positions Relative to FDRV

Symbol	Grade	Weight
MSDL	C	7.09%
HQY	D	6.96%
FTI	D	6.82%
NOG	D	6.67%
ALKT	B	5.96%
DVA	D	4.64%
CRS	C	4.5%
IRM	C	4.37%
XYL	A	4.31%
BCSF	D	4.07%
PANW	C	4.03%
IBKR	A	4.01%
HUBS	D	3.88%
GOOG	A	3.84%
LPLA	A	2.05%
AZN	A	2.04%
ERJ	B	1.99%
INTU	A	1.97%
GOOGL	A	1.92%
FWRG	F	1.09%
AVAV	A	1.03%
NVO	B	1.02%
HEI	A	1.01%
WAB	A	0.99%

BOUT Underweight 31 Positions Relative to FDRV

Symbol	Grade	Weight
ADI	A	-4.93%
GRMN	C	-3.99%
TSLA	D	-3.92%
UBER	D	-3.82%
APTV	D	-3.44%
ON	C	-2.95%
ALB	D	-2.83%
ST	C	-2.52%
SWKS	F	-2.27%
LEA	F	-2.25%
LYFT	D	-2.23%
RIVN	D	-2.22%
NIO	D	-2.21%
LI	F	-2.07%
LSCC	C	-2.01%
BE	B	-1.9%
VC	D	-1.75%
XPEV	D	-1.73%
SITM	C	-1.56%
DIOD	B	-1.51%
ADNT	F	-1.5%
LCID	D	-1.43%
BLBD	B	-1.42%
SYNA	D	-1.38%
PLUG	D	-1.19%
ALGM	C	-1.13%
INDI	D	-0.84%
CHPT	D	-0.83%
NKLA	F	-0.77%
LAZR	F	-0.77%
PSNY	F	-0.61%