BOUT vs. KWT ETF Comparison

Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to VanEck Vectors Solar Energy ETF (KWT)

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

$33.60

Average Daily Volume

2,129

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KWT

VanEck Vectors Solar Energy ETF

KWT Description

The investment seeks to track the investment results of a broad-based equity index with exposure to Kuwait, as defined by the index provider. The fund seeks to track the investment results of the MSCI All Kuwait Select Size Liquidity Capped Index (the ?underlying index?), which is designed to measure the performance of the Kuwait equity universe. The underlying index is a free float-adjusted market capitalization weighted index with a capping methodology applied to avoid concentration. BFA uses a representative sampling indexing strategy to manage the fund. It may or may not hold all of the securities in the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.84

Average Daily Volume

12,150

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOUT	KWT
30 Days	-7.11%	-2.26%
60 Days	-3.52%	-2.29%
90 Days	1.80%	-2.81%
12 Months	12.27%	1.61%

0 Overlapping Holdings

	Symbol	Grade	Weight in BOUT	Weight in KWT	Overlap

BOUT Overweight 59 Positions Relative to KWT

Symbol	Grade	Weight
FTI	A	3.47%
KSPI	A	3.34%
AZEK	D	3.2%
MSDL	A	3.17%
TBBB	D	3.16%
BLDR	C	3.16%
HEAR	B	3.15%
TXRH	A	3.14%
LEN	D	3.13%
WING	A	3.09%
HUBS	B	2.97%
GPS	D	2.84%
IBKR	A	2.8%
CELH	D	2.8%
XYL	A	2.75%
JPM	B	2.73%
SAP	C	2.72%
FROG	C	2.7%
DUOL	B	2.7%
PCOR	D	2.63%
APPF	C	2.61%
IOT	C	2.48%
GOOGL	A	1.87%
GOOG	A	1.87%
CRM	D	1.85%
PCAR	D	1.82%
RCL	A	1.81%
IRM	B	1.81%
SHAK	B	1.8%
FOR	D	1.8%
AXP	A	1.8%
ERJ	A	1.77%
CROX	C	1.72%
SEMR	D	0.93%
PWR	A	0.93%
NTAP	A	0.93%
GVA	A	0.92%
ERIE	D	0.92%
URI	B	0.91%
TOL	C	0.89%
ISRG	C	0.89%
RL	C	0.85%
KNSL	D	0.78%
ELF	C	0.76%
WAB	A	0.35%
SKWD	C	0.35%
PSTG	A	0.35%
NVDA	D	0.35%
ANET	C	0.35%
WMS	C	0.34%
PLTR	C	0.34%
KKR	C	0.34%
OKTA	D	0.33%
LRN	B	0.33%
FIHL	A	0.33%
DFH	D	0.33%
ASML	D	0.33%
TREX	C	0.32%
RYAN	D	0.32%

BOUT Underweight 1 Positions Relative to KWT

	Symbol	Grade	Weight
	AMBC	D	-2.5%

KWT: Top Represented Industries & Keywords

Industries: Insurance - Specialty

Keywords: Bond Insurance Conduit Finance Obligations Financial Guarantee Insurance Interest Rate Swap Investment Product Mortgage Backed Security Structured Finance Swaps