CVAR vs. SMHB ETF Comparison

Comparison of Cultivar ETF (CVAR) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)

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 ^*

76

* may have additional holdings in another (foreign) market

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$5.58

Average Daily Volume

40,001

Number of Holdings ^*

90

* may have additional holdings in another (foreign) market

Performance

Period	CVAR	SMHB
30 Days	0.42%	-9.80%
60 Days	1.40%	-10.51%
90 Days	4.56%	-1.80%
12 Months	19.10%	14.54%

3 Overlapping Holdings

	Symbol	Grade	Weight in CVAR	Weight in SMHB	Overlap
	LTC	B	0.53%	0.91%	0.53%
	PDM	D	0.45%	0.99%	0.45%
	SCS	C	0.47%	0.65%	0.47%

CVAR Overweight 73 Positions Relative to SMHB

	Symbol	Grade	Weight
	NEM	D	4.18%
	MKTX	D	4.15%
	CLB	B	3.05%
	PRLB	B	3.02%
	HCSG	C	2.77%
	LUV	C	2.58%
	NWN	A	2.06%
	PAYC	B	1.72%
	GPN	B	1.71%
	VEEV	C	1.69%
	MKC	C	1.61%
	QRVO	F	1.53%
	NKE	F	1.49%
	INTC	C	1.49%
	MDT	D	1.39%
	HUM	C	1.34%
	JNJ	C	1.28%
	ARE	F	1.27%
	TSN	B	1.27%
	ES	C	1.26%
	HRL	D	1.19%
	ABT	B	1.14%
	FMS	A	1.14%
	WU	F	1.13%
	DEI	B	1.11%
	CLX	A	1.1%
	C	A	1.09%
	EW	C	1.09%
	GOLD	C	1.08%
	KMB	C	1.07%
	ZTS	D	1.04%
	PRGO	C	1.03%
	WKC	C	1.03%
	POR	C	1.02%
	HAS	D	1.0%
	DG	F	0.94%
	SW	A	0.94%
	ANSS	B	0.92%
	CVS	D	0.92%
	BABA	D	0.92%
	SJM	D	0.89%
	SWKS	F	0.88%
	INDB	B	0.86%
	AAP	D	0.8%
	CMCSA	B	0.8%
	FMC	D	0.78%
	G	B	0.77%
	TFC	A	0.77%
	CGNX	D	0.75%
	BP	D	0.7%
	KRC	B	0.67%
	BMY	B	0.63%
	PYPL	B	0.63%
	WHR	B	0.62%
	OGS	A	0.6%
	MNRO	D	0.59%
	INGN	C	0.56%
	MCHP	F	0.55%
	ZBH	C	0.55%
	ESRT	C	0.55%
	ADSK	A	0.54%
	JBT	B	0.51%
	BIIB	F	0.5%
	CTSH	B	0.5%
	PARA	C	0.5%
	SQM	D	0.49%
	MMM	D	0.49%
	ILMN	C	0.48%
	PFE	F	0.44%
	RDUS	B	0.43%
	CCI	C	0.43%
	CMP	C	0.39%
	WBD	B	0.19%

CVAR Underweight 87 Positions Relative to SMHB

	Symbol	Grade	Weight
	SLG	B	-4.87%
	XRX	F	-4.09%
	DTM	A	-3.81%
	BXMT	C	-3.43%
	DSS	F	-2.87%
	TWO	F	-2.87%
	CIM	D	-2.62%
	BDN	C	-2.41%
	BGS	F	-2.41%
	SBRA	C	-2.38%
	EPR	C	-2.34%
	ABR	C	-2.21%
	APAM	B	-2.02%
	PAGP	A	-1.88%
	UNIT	B	-1.86%
	UWMC	D	-1.84%
	ARR	D	-1.65%
	NHI	D	-1.64%
	ORC	B	-1.51%
	CCOI	B	-1.51%
	PSEC	D	-1.47%
	IVR	F	-1.43%
	DEA	D	-1.35%
	PMT	C	-1.35%
	MFA	D	-1.27%
	RWT	D	-1.24%
	CTRE	C	-1.16%
	PETS	C	-1.13%
	MAIN	A	-1.09%
	HTGC	D	-1.03%
	ARI	C	-1.02%
	GNL	F	-1.01%
	FCPT	C	-1.0%
	EFC	C	-1.0%
	GSBD	F	-0.94%
	NEWT	C	-0.94%
	NYMT	C	-0.93%
	DX	B	-0.89%
	KREF	C	-0.8%
	VGR	B	-0.79%
	NWBI	B	-0.77%
	GBDC	D	-0.73%
	CODI	B	-0.72%
	VNOM	A	-0.65%
	RC	D	-0.65%
	ACRE	B	-0.64%
	LADR	B	-0.62%
	TSLX	C	-0.62%
	HESM	B	-0.59%
	UVV	B	-0.54%
	OCSL	F	-0.54%
	AROC	A	-0.53%
	GMRE	F	-0.5%
	ILPT	F	-0.49%
	BRSP	C	-0.49%
	WSR	A	-0.46%
	ALX	D	-0.45%
	GTY	A	-0.44%
	OPI	F	-0.4%
	RMR	F	-0.38%
	NMFC	D	-0.38%
	UHT	D	-0.36%
	GPMT	C	-0.34%
	CSWC	D	-0.34%
	GOOD	B	-0.33%
	FSP	B	-0.29%
	TRTX	C	-0.29%
	TCPC	C	-0.27%
	AHH	D	-0.27%
	CGBD	C	-0.25%
	BCSF	C	-0.24%
	TPVG	B	-0.23%
	PFLT	D	-0.23%
	SLRC	A	-0.23%
	UVE	B	-0.22%
	BBDC	A	-0.22%
	KRO	C	-0.2%
	EBF	F	-0.18%
	GAIN	B	-0.17%
	PNNT	C	-0.16%
	OLP	B	-0.16%
	FDUS	A	-0.16%
	GLAD	B	-0.15%
	BFS	C	-0.14%
	TRIN	A	-0.12%
	CCAP	A	-0.1%
	REPX	A	-0.07%

CVAR: Top Represented Industries & Keywords

Industries: Medical Devices Drug Manufacturers - Major REIT - Office Semiconductors Business Services Packaged Foods Software - Application Banks - Regional - US Credit Services Diversified Industrials Drug Manufacturers - Specialty & Generic Entertainment Gold Health Care Plans Household & Personal Products REIT - Diversified Specialty Retail Utilities - Regulated Electric Utilities - Regulated Gas Agricultural Inputs

Keywords: S&P 500 Nasdaq 100 Medicine Pharmaceutical Products Real Estate Investment Trust Retail Outlets Clinic Computing E-Commerce Electronics Food Products Fruit Natural Gas Bank Batteries Biotechnology Disease Dow Jones Component Flour Hygiene

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail REIT - Residential Oil & Gas Midstream Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers

Keywords: Real Estate Investment Trust Private Equity Mortgage Loan Structured Finance Business Development Mortgage Backed Security Loan Mezzanine Capital Debt Real Estate Properties Residential Mortgage Backed Security Senior Debt Venture Capital Credit Real Estate Finance Real Estate Mortgage Investment Conduit Refinancing Subordinated Debt Banking Business Development Company