CVAR vs. IZRL ETF Comparison

Comparison of Cultivar ETF (CVAR) to ARK Israel Innovative Technology ETF (IZRL)

CVAR

Cultivar ETF

CVAR Description

ETF Opportunities Trust - Cultivar ETF is an exchange traded fund launched by ETF Opportunities Trust. The fund is co-managed by Cultivar Capital, Inc. and Toroso Investments, LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of companies across diversified market capitalization. The fund employs fundamental and quantitative analysis with bottom-up and top-down stock picking approach to create its portfolio. ETF Opportunities Trust - Cultivar ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$27.33

Average Daily Volume

503

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IZRL

ARK Israel Innovative Technology ETF

IZRL Description

The ARK Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ARK Israeli Innovation Index, which is designed to track the price movements of exchange-listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (‘‘Israeli Companies’’) and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing.

Grade (RS Rating)

Last Trade

$21.39

Average Daily Volume

14,824

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVAR	IZRL
30 Days	0.42%	7.11%
60 Days	1.40%	11.06%
90 Days	4.56%	7.36%
12 Months	19.10%	20.37%

0 Overlapping Holdings

	Symbol	Grade	Weight in CVAR	Weight in IZRL	Overlap

CVAR Overweight 76 Positions Relative to IZRL

Symbol	Grade	Weight
CLB	B	5.62%
NWN	A	5.43%
LUV	C	5.42%
MKTX	D	5.06%
NEM	D	4.08%
PRLB	B	3.46%
HCSG	C	2.94%
VEEV	C	1.84%
PAYC	B	1.74%
GPN	B	1.66%
MKC	C	1.62%
INTC	C	1.47%
MDT	D	1.37%
HUM	C	1.36%
JNJ	C	1.26%
ES	C	1.21%
HRL	D	1.2%
QRVO	F	1.16%
DEI	B	1.15%
TSN	B	1.13%
ABT	B	1.11%
WU	F	1.08%
FMS	A	1.08%
GOLD	C	1.07%
C	A	1.07%
CLX	A	1.05%
WKC	C	1.03%
EW	C	1.02%
ZTS	D	1.02%
G	B	1.02%
KMB	C	1.02%
POR	C	1.01%
HAS	D	1.01%
PRGO	C	1.0%
NKE	F	1.0%
TFC	A	0.99%
BABA	D	0.96%
ANSS	B	0.92%
ARE	F	0.91%
DG	F	0.91%
SW	A	0.9%
SWKS	F	0.9%
SJM	D	0.89%
CVS	D	0.89%
INDB	B	0.87%
CMCSA	B	0.81%
FMC	D	0.81%
CGNX	D	0.81%
AAP	D	0.79%
KRC	B	0.7%
BP	D	0.68%
BMY	B	0.65%
INGN	C	0.64%
PYPL	B	0.63%
WHR	B	0.61%
MNRO	D	0.6%
OGS	A	0.57%
MCHP	F	0.57%
IDA	A	0.55%
ILMN	C	0.55%
ADSK	A	0.55%
ESRT	C	0.55%
PARA	C	0.54%
LTC	B	0.53%
CTSH	B	0.52%
ZBH	C	0.52%
JBT	B	0.5%
MMM	D	0.49%
SCS	C	0.48%
PDM	D	0.48%
SQM	D	0.47%
RDUS	B	0.47%
PFE	F	0.46%
CCI	C	0.42%
CMP	C	0.34%
WBD	B	0.18%

CVAR Underweight 25 Positions Relative to IZRL

Symbol	Grade	Weight
SMWB	A	-2.78%
FVRR	B	-2.72%
SSYS	B	-2.54%
PLTK	B	-2.33%
INMD	C	-2.19%
CYBR	A	-2.16%
MGIC	D	-2.13%
WIX	A	-2.12%
CGNT	B	-2.1%
FROG	C	-2.07%
RDWR	B	-2.07%
ITRN	B	-2.04%
NICE	D	-2.02%
WKME	A	-2.02%
CLBT	B	-2.0%
RSKD	D	-1.97%
NNOX	C	-1.96%
BWAY	B	-1.9%
TEVA	C	-1.9%
MNDY	C	-1.87%
MDWD	D	-1.8%
AUDC	D	-1.78%
URGN	F	-1.78%
CHKP	C	-1.75%
SPNS	F	-1.54%