BOUT vs. CIBR ETF Comparison

Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to First Trust NASDAQ CEA Cybersecurity ETF (CIBR)

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

$41.00

Average Daily Volume

3,123

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CIBR

First Trust NASDAQ CEA Cybersecurity ETF

CIBR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Nasdaq CEA Cybersecurity Index(SM) (the "index"). The index is owned by the NASDAQ OMX Group, Inc. The index will include securities of companies classified as "cybersecurity" companies by the CEA. The fund will normally invest at least 90% of its net assets in common stocks or in depositary receipts that comprise the index. The advisor intends to invest in each security in the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$64.10

Average Daily Volume

484,692

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOUT	CIBR
30 Days	11.68%	4.89%
60 Days	12.51%	8.31%
90 Days	13.49%	9.46%
12 Months	35.27%	31.73%

3 Overlapping Holdings

Symbol	Grade	Weight in BOUT	Weight in CIBR	Overlap
AVGO	D	0.42%	7.89%	0.42%
BAH	F	3.73%	3.67%	3.67%
VRNS	D	2.61%	1.46%	1.46%

BOUT Overweight 41 Positions Relative to CIBR

Symbol	Grade	Weight
PACS	F	4.48%
MS	C	4.47%
LBRDK	C	4.44%
NEM	F	4.42%
VIK	A	4.39%
EXPE	B	4.28%
EQIX	A	4.25%
AHR	A	4.24%
IDCC	A	4.01%
ETN	A	3.82%
SPGI	B	3.81%
EQH	B	3.78%
CRM	B	3.73%
DVA	A	3.71%
PGR	A	3.63%
CRDO	B	2.87%
ULS	B	2.59%
IR	A	2.49%
DT	C	2.49%
NMIH	C	2.44%
ONON	B	2.35%
COLL	D	2.23%
TSM	D	1.31%
TBBK	B	1.28%
NOW	A	1.27%
CDNA	D	1.24%
SCCO	F	1.22%
SN	D	1.2%
TCOM	B	1.14%
BEKE	D	1.06%
ROAD	B	0.45%
AXON	A	0.43%
TPH	C	0.42%
IBKR	A	0.42%
CWAN	B	0.42%
ALKT	B	0.42%
GMED	A	0.41%
CORT	B	0.41%
ACGL	D	0.4%
PLMR	B	0.39%
JD	D	0.38%

BOUT Underweight 25 Positions Relative to CIBR

Symbol	Grade	Weight
CRWD	B	-9.36%
CSCO	A	-8.64%
PANW	B	-8.19%
INFY	A	-7.06%
FTNT	B	-4.64%
NET	B	-4.22%
GEN	A	-4.01%
LDOS	D	-3.99%
ZS	C	-3.93%
CHKP	D	-3.48%
CYBR	A	-3.46%
AKAM	D	-3.27%
FFIV	A	-3.21%
OKTA	C	-2.85%
S	B	-2.16%
OTEX	D	-1.97%
SAIC	F	-1.54%
QLYS	C	-1.31%
TENB	C	-1.12%
RBRK	B	-0.63%
RPD	C	-0.59%
NTCT	B	-0.37%
ATEN	A	-0.28%
OSPN	A	-0.25%
RDWR	B	-0.25%