ADPV vs. FOVL ETF Comparison

Comparison of Adaptiv Select ETF (ADPV) to iShares Focused Value Factor ETF (FOVL)

ADPV

Adaptiv Select ETF

ADPV Description

To achieve its investment objective of long-term capital appreciation, the fund will invest substantially all of its net assets in a portfolio of publicly-listed equity securities of U.S. large capitalization companies during broad U.S. equity market uptrends. The fund will primarily own common stocks, but may also invest in equity securities of REITS to the extent such REITS are among the 1,000 largest capitalized U.S.-listed stocks. It is non-diversified.

Grade (RS Rating)

Last Trade

$37.72

Average Daily Volume

6,580

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$74.88

Average Daily Volume

2,260

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ADPV	FOVL
30 Days	14.99%	7.28%
60 Days	17.87%	10.70%
90 Days	18.61%	14.43%
12 Months	60.39%	47.41%

2 Overlapping Holdings

	Symbol	Grade	Weight in ADPV	Weight in FOVL	Overlap
	MTG	C	3.43%	2.28%	2.28%
	RF	A	3.54%	2.68%	2.68%

ADPV Overweight 23 Positions Relative to FOVL

Symbol	Grade	Weight
PLTR	B	7.92%
APP	B	6.12%
HOOD	B	5.75%
PPC	C	5.68%
HBAN	A	5.31%
T	A	4.74%
VIRT	B	4.7%
AMCR	D	4.61%
KEY	B	4.53%
NU	C	4.23%
KMI	A	3.92%
MDU	D	3.65%
VST	B	3.39%
TOST	B	3.29%
CRBG	B	3.28%
CPNG	D	3.22%
OWL	A	3.14%
HIW	D	3.07%
AM	A	2.76%
VKTX	F	2.72%
GTES	A	2.29%
EXEL	B	1.94%
HAYW	B	1.84%

ADPV Underweight 38 Positions Relative to FOVL

Symbol	Grade	Weight
FHN	A	-3.04%
DFS	B	-2.92%
MTB	A	-2.85%
NTRS	A	-2.83%
FNB	A	-2.79%
FHB	A	-2.76%
JHG	A	-2.75%
BAC	A	-2.74%
WTM	A	-2.72%
ALK	C	-2.71%
ETR	B	-2.7%
CMA	A	-2.69%
USB	A	-2.63%
OZK	B	-2.63%
PNC	B	-2.6%
AXS	A	-2.59%
FITB	A	-2.57%
OGE	B	-2.5%
HPE	B	-2.49%
PNW	B	-2.47%
EVRG	A	-2.44%
CMCSA	B	-2.44%
PRGO	B	-2.42%
MET	A	-2.42%
VOYA	B	-2.38%
D	C	-2.36%
CNA	B	-2.35%
AVT	C	-2.32%
UGI	A	-2.32%
PFG	D	-2.31%
RNR	C	-2.27%
VZ	C	-2.22%
CWEN	C	-2.19%
RPRX	D	-2.18%
BG	F	-2.14%
ADM	D	-2.08%
CRI	D	-1.89%
CNXC	F	-1.81%