BOUT vs. SKYU ETF Comparison

Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to ProShares Ultra Cloud Computing (SKYU)

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

$36.44

Average Daily Volume

1,219

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

SKYU

ProShares Ultra Cloud Computing

SKYU Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the ISE CTA Cloud Computing Index. The index is comprised of companies classified as cloud computing companies by the CTA. The Advisor expects that its cash balances maintained in connection with the use of financial instruments will typically be held in money market instruments. It invests in common stock issued by public companies. The fund invests in derivatives, which are financial instruments whose value is derived from the value of an underlying asset or assets. It is non-diversified.

Grade (RS Rating)

Last Trade

$27.35

Average Daily Volume

2,604

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOUT	SKYU
30 Days	0.87%	13.53%
60 Days	1.30%	16.48%
90 Days	4.73%	11.68%
12 Months	20.89%	64.50%

7 Overlapping Holdings

Symbol	Grade	Weight in BOUT	Weight in SKYU	Overlap
CRWD	D	0.31%	0.39%	0.31%
DDOG	D	0.3%	0.38%	0.3%
GOOGL	D	1.32%	2.27%	1.32%
INTU	D	0.67%	0.37%	0.37%
NOW	C	1.23%	1.19%	1.19%
PANW	D	1.3%	0.36%	0.36%
PSTG	F	0.68%	2.26%	0.68%

BOUT Overweight 119 Positions Relative to SKYU

Symbol	Grade	Weight
FFTY	C	8.0%
MELI	C	2.45%
KLAC	D	2.39%
VIK	D	2.36%
SPGI	C	2.36%
PACS	C	2.36%
QRVO	F	2.35%
AHR	B	2.34%
NXPI	D	2.33%
NVS	C	2.33%
IDCC	B	2.33%
CHKP	B	2.33%
PGR	C	2.32%
NEM	C	2.29%
MWA	B	2.28%
SWI	B	2.24%
MS	B	2.06%
GS	B	2.05%
MPWR	B	2.03%
OLED	D	2.02%
AXP	B	2.01%
AX	D	2.01%
PPC	D	1.99%
ISRG	C	1.99%
FANG	F	1.99%
MOD	C	1.98%
MMM	B	1.97%
KNTK	C	1.97%
ADBE	F	1.97%
PSN	B	1.95%
IOT	C	1.91%
ALNY	C	1.35%
RSG	D	1.34%
ROST	C	1.34%
NMIH	C	1.34%
AEM	C	1.33%
WFRD	F	1.31%
HLNE	B	1.31%
EHC	B	1.31%
ATGE	C	1.31%
NVO	F	1.3%
MANH	B	1.3%
AAON	B	1.28%
NBIX	F	0.69%
ANF	D	0.69%
HALO	D	0.68%
BKNG	B	0.68%
PLTR	C	0.67%
DSGX	B	0.67%
VNOM	D	0.66%
NFLX	B	0.66%
MPLX	B	0.66%
GMED	D	0.66%
CYBR	B	0.66%
AROC	D	0.66%
VRNS	B	0.63%
MMYT	D	0.33%
AMSC	C	0.33%
ELF	F	0.32%
CLS	D	0.32%
SRPT	F	0.31%
PINS	D	0.31%
IBKR	B	0.31%
HESM	D	0.31%
GRMN	D	0.31%
FN	C	0.31%
ARM	C	0.31%
ARIS	D	0.31%
ALKT	D	0.31%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%

BOUT Underweight 53 Positions Relative to SKYU

Symbol	Grade	Weight
ORCL	B	-2.71%
LUMN	C	-2.62%
ANET	C	-2.53%
IBM	B	-2.52%
AMZN	C	-2.48%
MSFT	C	-2.38%
NTNX	D	-2.23%
MDB	D	-1.84%
APP	C	-1.62%
CSCO	B	-1.6%
NET	D	-1.56%
GTLB	D	-1.26%
CRM	C	-1.25%
SHOP	C	-1.23%
HUBS	D	-1.23%
DELL	C	-1.2%
HPE	C	-1.18%
NTAP	D	-1.16%
TWLO	C	-1.15%
WK	D	-1.14%
TEAM	D	-1.13%
CFLT	F	-1.07%
DOCN	C	-1.06%
FIVN	F	-0.83%
RNG	F	-0.82%
WIX	C	-0.78%
SAP	B	-0.78%
RBRK	F	-0.74%
APPN	C	-0.59%
SMAR	A	-0.44%
TOST	C	-0.42%
QTWO	C	-0.41%
FSLY	D	-0.41%
PAYC	D	-0.4%
OTEX	D	-0.4%
TTD	B	-0.4%
BLKB	C	-0.39%
APPF	C	-0.39%
BL	D	-0.39%
DOCU	C	-0.39%
ESTC	F	-0.39%
ZUO	F	-0.38%
SNOW	F	-0.38%
ZM	C	-0.38%
QLYS	D	-0.38%
DBX	C	-0.38%
PCTY	D	-0.38%
BOX	C	-0.38%
VEEV	C	-0.36%
SPT	F	-0.35%
WDAY	D	-0.35%
ZS	F	-0.33%
ASAN	F	-0.32%