EWL vs. MEDX ETF Comparison

Comparison of iShares MSCI Switzerland Capped Index Fund (EWL) to Horizon Kinetics Medical ETF (MEDX)

EWL

iShares MSCI Switzerland Capped Index Fund

EWL Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index. The fund will at all times invest at least 80% of its assets in the securities of its underlying index and in depositary receipts ("DRs") representing securities in its underlying index. The MSCI Switzerland 25/50 Index consists of stocks traded primarily on the Zurich Stock Exchange. A capping methodology is applied that limits the weight of any single component to a maximum of 25% of the MSCI Switzerland 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.57

Average Daily Volume

752,270

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

MEDX

Horizon Kinetics Medical ETF

MEDX Description

The fund is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks of U.S. and foreign companies engaged in medical research, pharmaceutical and medical technology industries and related technology industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.16

Average Daily Volume

872

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	EWL	MEDX
30 Days	-4.71%	-6.36%
60 Days	-3.67%	-8.17%
90 Days	-4.53%	-1.17%
12 Months	-3.59%	-9.66%

2 Overlapping Holdings

	Symbol	Grade	Weight in EWL	Weight in MEDX	Overlap
	ABBV	C	4.97%	7.88%	4.97%
	NVS	B	12.72%	5.23%	5.23%

EWL Overweight 1 Positions Relative to MEDX

	Symbol	Grade	Weight
	LOGI	D	0.96%

EWL Underweight 8 Positions Relative to MEDX

	Symbol	Grade	Weight
	LLY	B	-14.73%
	BMY	F	-5.43%
	AMGN	C	-5.38%
	JNJ	F	-5.14%
	MRK	A	-5.0%
	AZN	A	-4.77%
	CRSP	F	-4.06%
	PFE	F	-4.05%

EWL: Top Represented Industries & Keywords

Industries: Drug Manufacturers - Major Computer Systems

Keywords: Eye Care Products Pharmaceutical Active Pharmaceutical Ingredients Adalimumab Advanced Prostate Cancer Anemia Animal Health Antibiotics Atopic Dermatitis Audiovisual Autoimmune Disease Biotechnology Blood Cancers Blood Test Chronic Idiopathic Constipation Combination Drugs Communication Products Constipation Contact Lens Contact Lenses

MEDX: Top Represented Industries & Keywords

Industries: Drug Manufacturers - Major Biotechnology

Keywords: S&P 500 Pharmaceutical Products Depressive Disorder Neuroscience Animal Health Hypertension Antibiotics Clinic Diabetes Dow Jones Component Drugs Infection Infectious Diseases Inflammation Major Depressive Disorder Medication Obesity Ophthalmology Primary Care Schizophrenia