FITE vs. CPAI ETF Comparison

Comparison of SPDR S&P Kensho Future Security ETF (FITE) to Counterpoint Quantitative Equity ETF (CPAI)

FITE

SPDR S&P Kensho Future Security ETF

FITE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Future Security Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Future Security sector as determined by a classification standard produced by the index provider. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$68.36

Average Daily Volume

4,275

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CPAI

Counterpoint Quantitative Equity ETF

CPAI Description

CPAI employs a quantitative, model-driven strategy that integrates quantitative analysis and machine learning insights to navigate diverse market conditions. The portfolio consists of at least 50 US-listed companies of any capitalization or ADRs. The selection process relies on advanced quantitative models leveraging machine learning technology, considering over 30 variables related to value, long-term reversal, momentum, profitability, investor sentiment, and stock price stability. Additionally, the Adviser backtests variable combinations considered to be supported by economic reasoning or investor behavioral biases. The models continually learn and adapt relationships between input variables and realized historic returns, updating during quarterly portfolio rebalances. Moreover, rebalancing ensures the portfolio aligns with the models' rankings, with adjustments made to limit sector exposure to 35% or less.

Grade (RS Rating)

Last Trade

$36.28

Average Daily Volume

7,177

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FITE	CPAI
30 Days	9.61%	7.98%
60 Days	12.06%	10.10%
90 Days	12.42%	12.45%
12 Months	36.77%

2 Overlapping Holdings

	Symbol	Grade	Weight in FITE	Weight in CPAI	Overlap
	LDOS	C	1.92%	1.86%	1.86%
	RTX	C	1.67%	1.85%	1.67%

FITE Overweight 58 Positions Relative to CPAI

Symbol	Grade	Weight
RKLB	B	5.8%
FTNT	C	2.32%
S	B	2.19%
FFIV	B	2.1%
PSN	D	2.08%
KTOS	B	1.94%
MOG.A	B	1.88%
CSCO	B	1.86%
PANW	C	1.8%
OII	B	1.8%
NET	B	1.79%
VRNS	D	1.79%
TDY	B	1.76%
NOC	D	1.75%
NTCT	C	1.75%
LMT	D	1.74%
HEI	B	1.74%
LHX	C	1.71%
ATEN	B	1.68%
CYBR	B	1.67%
AVGO	D	1.66%
MIR	A	1.66%
COHR	B	1.64%
MRCY	B	1.61%
ZS	C	1.6%
CHKP	D	1.6%
OSPN	A	1.58%
OSIS	B	1.57%
RDWR	B	1.56%
DDOG	A	1.55%
RPD	C	1.55%
JNPR	F	1.54%
QLYS	C	1.54%
IRDM	D	1.51%
ERJ	B	1.49%
ZD	C	1.49%
AKAM	D	1.44%
AVAV	D	1.44%
TENB	C	1.44%
CACI	D	1.43%
HXL	D	1.36%
SANM	B	1.31%
CRWD	B	1.28%
OKTA	C	1.26%
DCO	C	1.22%
KBR	F	1.22%
BRKR	D	1.21%
GD	F	1.2%
APH	A	1.18%
TXT	D	1.14%
BA	F	1.1%
NABL	F	1.09%
VREX	C	1.01%
HII	D	0.94%
MVIS	F	0.84%
PL	A	0.83%
VSAT	F	0.8%
MASS	F	0.12%

FITE Underweight 47 Positions Relative to CPAI

Symbol	Grade	Weight
TRGP	B	-2.61%
SFM	A	-2.49%
SKYW	B	-2.47%
TDS	B	-2.45%
OKE	A	-2.35%
HTZ	C	-2.35%
UNM	A	-2.3%
NTGR	B	-2.29%
CARG	C	-2.27%
GDDY	A	-2.25%
BRBR	A	-2.24%
VIRT	B	-2.24%
CNO	A	-2.14%
FTI	A	-2.12%
CLBT	B	-2.11%
EQH	B	-2.1%
ORCL	B	-2.1%
CVLT	B	-2.09%
FTDR	A	-2.09%
GNW	A	-2.07%
ZIM	C	-2.06%
MSI	B	-2.05%
PBI	B	-2.05%
ACIW	B	-2.04%
GOOGL	C	-2.03%
COR	B	-2.01%
CAH	B	-2.01%
TJX	A	-1.91%
PGR	A	-1.89%
PAA	B	-1.88%
PRM	C	-1.88%
META	D	-1.87%
LESL	C	-1.87%
PAGP	A	-1.87%
AAPL	C	-1.86%
WES	C	-1.85%
MSFT	F	-1.83%
THC	D	-1.77%
NYT	C	-1.76%
BRC	D	-1.74%
MHO	D	-1.73%
ROST	C	-1.72%
WBA	F	-1.7%
UHS	D	-1.58%
LLY	F	-1.57%
HCA	F	-1.55%
AGL	F	-0.82%