IETC vs. UTRN ETF Comparison

Comparison of iShares Evolved U.S. Technology ETF (IETC) to Vesper US Large Cap Short-Term Reversal Strategy ETF (UTRN)

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$69.18

Average Daily Volume

36,426

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

UTRN

Vesper US Large Cap Short-Term Reversal Strategy ETF

UTRN Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Vesper U.S. Large Cap Short-Term Reversal Index (the 'index'). The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to measure the performance of a portfolio of 25 stocks selected from the S&P 500 that Vesper Capital Management, LLC believes will most likely benefit from the "short-term reversal" effect, as determined by applying a proprietary algorithm ("Chow's Ratio" or "Algorithm").

Grade (RS Rating)

Last Trade

$26.24

Average Daily Volume

971

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IETC	UTRN
30 Days	-1.06%	3.84%
60 Days	-1.46%	2.03%
90 Days	0.43%	8.79%
12 Months	47.26%	10.76%

8 Overlapping Holdings

Symbol	Grade	Weight in IETC	Weight in UTRN	Overlap
ACN	D	5.13%	3.99%	3.99%
CME	C	0.23%	3.98%	0.23%
EQIX	F	0.6%	3.96%	0.6%
FIS	C	0.27%	4.14%	0.27%
ICE	C	1.39%	3.92%	1.39%
MA	D	0.83%	3.99%	0.83%
MCO	C	0.28%	4.02%	0.28%
WDAY	F	0.19%	4.06%	0.19%

IETC Overweight 142 Positions Relative to UTRN

Symbol	Grade	Weight
MSFT	C	10.15%
AVGO	C	9.04%
NVDA	B	8.56%
AMZN	A	8.39%
CRM	D	5.26%
ORCL	D	3.49%
AAPL	B	2.68%
GOOGL	B	2.31%
CSCO	D	2.2%
META	D	2.06%
GOOG	B	1.97%
CDNS	D	1.91%
IBM	D	1.82%
MSI	A	1.78%
NOW	D	1.5%
ADBE	D	1.13%
VRSN	F	1.08%
MANH	D	1.0%
QCOM	B	0.97%
MRVL	D	0.92%
PH	B	0.79%
AMD	D	0.78%
CDW	F	0.72%
SPGI	C	0.64%
SNOW	F	0.6%
ADP	D	0.58%
FDS	D	0.57%
IT	D	0.51%
TYL	A	0.49%
V	C	0.48%
CRWD	C	0.48%
CSGP	C	0.47%
INTC	F	0.45%
COIN	D	0.42%
ZM	F	0.38%
PANW	B	0.38%
ANSS	D	0.38%
LMT	A	0.37%
ANET	C	0.36%
DELL	B	0.36%
NET	F	0.35%
SNAP	B	0.31%
NTAP	B	0.29%
CPAY	B	0.28%
VRSK	B	0.27%
TXN	A	0.27%
BA	F	0.27%
PLTR	D	0.24%
MU	B	0.24%
G	D	0.23%
UBER	D	0.23%
TTEK	B	0.23%
MMC	C	0.22%
MPWR	B	0.21%
PINS	A	0.21%
BKNG	B	0.21%
QLYS	F	0.2%
SNPS	D	0.2%
BAH	B	0.2%
LRCX	D	0.2%
KLAC	A	0.19%
BSY	A	0.19%
KEYS	D	0.18%
PAYX	D	0.17%
TTD	B	0.17%
GPN	F	0.17%
VRT	A	0.17%
ADSK	F	0.16%
DDOG	D	0.16%
AKAM	D	0.16%
IQV	D	0.15%
NXPI	A	0.15%
FTNT	F	0.15%
QRVO	F	0.15%
SMCI	D	0.15%
TRU	C	0.14%
HPQ	C	0.14%
OMC	B	0.14%
JKHY	D	0.14%
DASH	D	0.14%
NSIT	A	0.13%
ABNB	D	0.13%
HUBS	D	0.13%
CACI	A	0.13%
TER	B	0.12%
IRM	C	0.12%
SLB	F	0.11%
CFLT	C	0.11%
IPG	D	0.11%
SQ	D	0.11%
EBAY	D	0.11%
A	C	0.1%
EA	F	0.1%
VEEV	D	0.1%
ASGN	D	0.09%
FICO	C	0.09%
MSCI	D	0.09%
ROP	D	0.09%
PSTG	C	0.08%
SSNC	C	0.08%
TRMB	D	0.08%
AON	F	0.08%
BR	D	0.07%
NDAQ	D	0.07%
DLR	D	0.07%
SLAB	D	0.07%
ROK	F	0.07%
LPLA	B	0.06%
CPNG	B	0.06%
SAIC	C	0.06%
BBY	D	0.06%
JNPR	D	0.06%
PAYC	F	0.06%
INTU	D	0.06%
FBIN	D	0.06%
J	D	0.06%
TDY	D	0.05%
MMS	C	0.05%
APPN	F	0.04%
ENPH	F	0.04%
DXC	F	0.04%
OKTA	D	0.04%
CL	A	0.04%
DOCN	D	0.04%
ILMN	F	0.04%
GLW	B	0.03%
MRCY	D	0.03%
SEE	C	0.03%
XYL	A	0.03%
RBLX	C	0.03%
BILL	F	0.03%
ZI	F	0.03%
AMRC	C	0.03%
ROL	B	0.02%
APTV	D	0.02%
RIVN	F	0.01%
TEAM	F	0.01%
TOST	A	0.01%
SMAR	D	0.01%
GDDY	A	0.01%
ALGN	F	0.0%
FTV	D	0.0%

IETC Underweight 16 Positions Relative to UTRN

Symbol	Grade	Weight
CNC	C	-4.1%
ARES	A	-4.06%
NKE	D	-4.06%
CTSH	D	-4.03%
DOX	D	-4.02%
TGT	D	-4.02%
BRK.A	D	-4.01%
EPAM	D	-4.01%
WFC	A	-4.01%
BRO	C	-4.0%
JBHT	F	-4.0%
NVR	D	-4.0%
BSX	B	-3.98%
PGR	A	-3.94%
ALL	B	-3.92%
AME	D	-3.73%

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Semiconductors Software - Infrastructure Information Technology Services Internet Content & Information Capital Markets Computer Systems Diversified Industrials Scientific & Technical Instruments Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Engineering & Construction Financial Data & Stock Exchanges Specialty Retail Advertising Agencies Aerospace & Defense Credit Services Data Storage

UTRN: Top Represented Industries & Keywords

Industries: Information Technology Services Financial Data & Stock Exchanges Insurance - Property & Casualty Asset Management Banks - Global Business Services Capital Markets Credit Services Discount Stores Diversified Industrials Footwear & Accessories Health Care Plans Insurance - Diversified Insurance Brokers Integrated Shipping & Logistics Medical Devices REIT - Diversified Residential Construction Software - Application Software - Infrastructure