ACES vs. PWER ETF Comparison

Comparison of ALPS Clean Energy ETF (ACES) to Macquarie Energy Transition ETF (PWER)

ACES

ALPS Clean Energy ETF

ACES Description

The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the "underlying index"). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the "index provider"), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.79

Average Daily Volume

100,909

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PWER

Macquarie Energy Transition ETF

PWER Description

The ETF seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in a diversified portfolio of securities in the energy, materials, industrial, renewable energy, and utilities sectors that meet the fund"s investment criteria.

Grade (RS Rating)

Last Trade

$28.44

Average Daily Volume

635

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ACES	PWER
30 Days	0.63%	-2.77%
60 Days	3.60%	-1.50%
90 Days	5.30%	6.21%
12 Months	-9.31%

5 Overlapping Holdings

Symbol	Grade	Weight in ACES	Weight in PWER	Overlap
DAR	C	5.1%	1.0%	1.0%
ENPH	D	3.67%	1.85%	1.85%
FLNC	A	1.53%	0.99%	0.99%
FSLR	C	4.59%	5.11%	4.59%
RUN	C	3.61%	3.5%	3.5%

ACES Overweight 23 Positions Relative to PWER

Symbol	Grade	Weight
ALB	C	6.02%
TSLA	B	5.91%
ORA	A	5.33%
ITRI	A	5.17%
HASI	A	4.65%
RIVN	F	3.8%
LCID	F	2.6%
CWEN	C	2.46%
WOLF	D	2.3%
PLUG	C	2.18%
NEP	F	2.12%
ANDE	F	1.76%
ASPN	F	1.62%
AMRC	B	1.14%
ARRY	D	1.11%
SHLS	D	1.05%
AMSC	A	1.05%
EOSE	B	0.86%
GPRE	D	0.83%
REX	C	0.82%
NOVA	F	0.75%
CHPT	F	0.59%
CLNE	C	0.57%

ACES Underweight 18 Positions Relative to PWER

Symbol	Grade	Weight
CF	B	-5.43%
AA	B	-5.14%
MP	B	-4.31%
BKR	A	-3.94%
GNRC	A	-3.85%
APD	B	-3.83%
SLB	F	-2.94%
COP	C	-2.83%
EQT	B	-2.44%
CHRD	F	-2.03%
PR	F	-1.96%
MTUS	F	-1.95%
VLO	F	-1.75%
MPC	F	-1.72%
STLD	A	-1.06%
EOG	D	-1.02%
LEU	B	-0.87%
OXY	F	-0.85%