ADPV vs. TAN ETF Comparison

Comparison of Adaptiv Select ETF (ADPV) to Invesco Solar ETF (TAN)

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

$29.10

Average Daily Volume

4,322

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TAN

Invesco Solar ETF

TAN Description

The investment seeks to track the investment results (before fees and expenses) of the MAC Global Solar Energy Index. The fund will generally invest at least 90% of its total assets in the securities (including American depositary receipts (?ADRs?)) that comprise the index. Strictly in accordance with its guidelines and mandated procedures, MAC Indexing LLC compiles, maintains, and calculates the index, which is designed to track the global solar energy equity sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.49

Average Daily Volume

1,150,213

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ADPV	TAN
30 Days	-1.67%	-4.38%
60 Days	3.51%	-6.09%
90 Days	13.44%	-1.87%
12 Months	27.89%	-39.56%

0 Overlapping Holdings

	Symbol	Grade	Weight in ADPV	Weight in TAN	Overlap

ADPV Overweight 10 Positions Relative to TAN

Symbol	Grade	Weight
VRT	A	5.88%
VST	A	5.79%
CNM	A	5.22%
APP	A	5.13%
NTNX	C	4.79%
UBER	D	4.69%
NRG	A	4.38%
INFA	D	4.34%
HOOD	B	4.3%
OWL	B	4.14%

ADPV Underweight 18 Positions Relative to TAN

Symbol	Grade	Weight
FSLR	B	-12.37%
ENPH	F	-9.44%
HASI	D	-5.23%
SEDG	F	-5.04%
RUN	F	-3.84%
ARRY	F	-3.7%
SHLS	F	-2.78%
DQ	F	-2.3%
CWEN	B	-2.13%
JKS	D	-1.99%
CSIQ	F	-1.68%
AY	A	-1.61%
NOVA	F	-1.25%
RNW	D	-0.66%
RENB	F	-0.62%
AMPS	F	-0.6%
SPWR	F	-0.48%
MAXN	F	-0.22%