BOUT vs. DAT ETF Comparison

Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to ProShares Big Data Refiners ETF (DAT)

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

$40.14

Average Daily Volume

2,990

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DAT

ProShares Big Data Refiners ETF

DAT Description

ProShares Big Data Refiners ETF is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in the public equity markets across the globe. It invests in the stocks of companies that provide analytics and infrastructure for extracting information from large data sets sector. It invests in growth and value stocks of companies across diversified market capitalizations. The fund invests in securities that ProShare Advisors believes, in combination, should track the performance of the index. ProShares Big Data Refiners ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$44.31

Average Daily Volume

2,881

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOUT	DAT
30 Days	7.95%	20.65%
60 Days	9.94%	25.95%
90 Days	9.81%	24.42%
12 Months	32.83%	47.67%

2 Overlapping Holdings

	Symbol	Grade	Weight in BOUT	Weight in DAT	Overlap
	DT	D	2.49%	4.3%	2.49%
	IDCC	B	4.01%	5.69%	4.01%

BOUT Overweight 42 Positions Relative to DAT

Symbol	Grade	Weight
PACS	F	4.48%
MS	A	4.47%
LBRDK	C	4.44%
NEM	D	4.42%
VIK	B	4.39%
EXPE	B	4.28%
EQIX	A	4.25%
AHR	A	4.24%
ETN	A	3.82%
SPGI	C	3.81%
EQH	C	3.78%
CRM	B	3.73%
BAH	F	3.73%
DVA	C	3.71%
PGR	A	3.63%
CRDO	B	2.87%
VRNS	D	2.61%
ULS	B	2.59%
IR	B	2.49%
NMIH	C	2.44%
ONON	A	2.35%
COLL	F	2.23%
TSM	B	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	D	0.42%
IBKR	A	0.42%
CWAN	B	0.42%
AVGO	D	0.42%
ALKT	B	0.42%
GMED	A	0.41%
CORT	B	0.41%
ACGL	C	0.4%
PLMR	A	0.39%
JD	D	0.38%

BOUT Underweight 23 Positions Relative to DAT

Symbol	Grade	Weight
PLTR	B	-9.36%
MSTR	B	-7.56%
CVLT	B	-5.49%
NTNX	B	-5.0%
ZBRA	B	-4.84%
MDB	B	-4.73%
TYL	B	-4.7%
DDOG	A	-4.43%
NICE	D	-4.09%
CFLT	B	-4.08%
SNOW	B	-3.63%
TDC	D	-3.38%
BRZE	C	-3.38%
FIVN	C	-3.34%
INFA	D	-3.25%
ESTC	C	-2.94%
VRNT	C	-2.2%
GENI	C	-2.12%
CLBT	B	-1.62%
RBRK	A	-1.54%
BASE	B	-1.06%
SWI	C	-0.9%
CGNT	B	-0.68%