CRUZ vs. IWTR ETF Comparison

Comparison of Defiance Hotel, Airline, and Cruise ETF (CRUZ) to iShares MSCI Water Management Multisector ETF (IWTR)

CRUZ

Defiance Hotel, Airline, and Cruise ETF

CRUZ Description

The investment seeks to track the total return performance, before fees and expenses, of the BlueStar Global Hotels, Airlines, and Cruises Index (the 'index'). The index is a rules-based index that consists of globally-listed stocks of companies that derive at least 50% of their revenues from the passenger airline, hotel and resort, or cruise industries (Travel Companies) as determined by MV Index Solutions. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in Travel Companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.51

Average Daily Volume

8,847

Number of Holdings ^*

27

* may have additional holdings in another (foreign) market

IWTR

iShares MSCI Water Management Multisector ETF

IWTR Description

The iShares MSCI Water Management Multisector ETF seeks to track the investment results of an index composed of U.S. and non-U.S. companies that either 1) derive a proportion of their revenues from sustainable water products or services or 2) demonstrate relative efficiency in their water management.

Grade (RS Rating)

Last Trade

$31.57

Average Daily Volume

1,590

Number of Holdings ^*

14

* may have additional holdings in another (foreign) market

Performance

Period	CRUZ	IWTR
30 Days	8.86%	0.70%
60 Days	16.26%	-0.48%
90 Days	25.87%	0.39%
12 Months	36.27%	18.89%

2 Overlapping Holdings

	Symbol	Grade	Weight in CRUZ	Weight in IWTR	Overlap
	HLT	A	7.64%	7.47%	7.47%
	MAR	B	7.97%	7.26%	7.26%

CRUZ Overweight 25 Positions Relative to IWTR

	Symbol	Grade	Weight
	RCL	A	8.85%
	DAL	C	8.6%
	CCL	B	6.21%
	UAL	A	5.77%
	IHG	A	3.93%
	LUV	C	2.81%
	NCLH	B	2.71%
	HST	C	2.31%
	AAL	B	2.14%
	HTHT	D	1.79%
	ALK	C	1.59%
	WH	B	1.48%
	RHP	B	1.42%
	H	B	0.95%
	SKYW	B	0.94%
	CHH	A	0.86%
	APLE	B	0.76%
	PK	B	0.7%
	ATAT	C	0.64%
	CPA	D	0.64%
	SHO	C	0.5%
	JBLU	F	0.49%
	RLJ	C	0.45%
	DRH	B	0.45%
	PEB	D	0.31%

CRUZ Underweight 12 Positions Relative to IWTR

	Symbol	Grade	Weight
	TXN	C	-6.32%
	XYL	D	-5.43%
	INTC	D	-4.99%
	CNM	D	-3.37%
	BMI	B	-3.14%
	IFF	D	-2.94%
	WTS	B	-2.82%
	ZWS	B	-2.33%
	FELE	B	-2.23%
	MWA	B	-1.53%
	ERII	D	-0.68%
	ALTM	C	-0.59%

CRUZ: Top Represented Industries & Keywords

Industries: Airlines Lodging REIT - Hotel & Motel Leisure

Keywords: Hospitality Industry S&P 500 Aviation Hotel Real Estate Investment Trust Airline Opentravel Alliance Travel Air Transportation Hotel Chains Tourism Air Transportation Services Cruise Lines Franchising Marriott International Real Estate Market Airport Cargo Services Cruise Ship Gaylord Hotels

IWTR: Top Represented Industries & Keywords

Industries: Diversified Industrials Lodging Semiconductors Industrial Distribution Industrial Metals & Minerals Pollution & Treatment Controls Scientific & Technical Instruments Specialty Chemicals

Keywords: S&P 500 Construction Plumbing Irrigation Nasdaq 100 Baseband Building Engineering Building Materials Computing Connectivity Products Drainage Products Flow Control Food Service Gas Utilities Hospitality Industry Hotel Hotel Chains Integrated Circuits Oil And Gas Pipe