GERM vs. CBLS ETF Comparison

Comparison of ETFMG Treatments Testing and Advancements ETF (GERM) to Changebridge Capital Long/Short Equity ETF (CBLS)

GERM

ETFMG Treatments Testing and Advancements ETF

GERM Description

GERM is designed to give direct exposure to the biotech companies directly engaged in the testing and treatments of infectious diseases. Focused on advancements with targeted exposure to the forefront of R&D, vaccines, therapies and testing technologies.

Grade (RS Rating)

Last Trade

$18.40

Average Daily Volume

1,772

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CBLS

Changebridge Capital Long/Short Equity ETF

CBLS Description

The investment seeks long-term capital appreciation while minimizing volatility. The Adviser also considers an assessment of a company's ESG attributes in determining the attractiveness of an investment opportunity. In general, the fund's investments are broadly invested over a number of sectors, but it may focus on the technology, consumer, and healthcare sectors. Under normal circumstances, at least 80% of the fund's net assets, plus borrowings for investment purposes, will be invested long or short in equity securities, including common stocks and depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.66

Average Daily Volume

4,124

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GERM	CBLS
30 Days	2.23%	2.17%
60 Days	0.63%	5.33%
90 Days	-0.80%	11.44%
12 Months	-12.40%	15.05%

0 Overlapping Holdings

	Symbol	Grade	Weight in GERM	Weight in CBLS	Overlap

GERM Overweight 48 Positions Relative to CBLS

Symbol	Grade	Weight
MRNA	B	7.72%
DGX	A	7.2%
BNTX	D	6.48%
LH	F	6.3%
ALNY	D	6.22%
DVAX	D	3.83%
IMCR	D	3.79%
BIO	D	3.72%
PCVX	D	3.56%
ZLAB	F	3.25%
VIR	C	2.78%
OPK	C	2.44%
BCRX	F	2.23%
ARCT	F	1.85%
FLGT	F	1.58%
SIGA	A	1.58%
HLVX	D	1.56%
NVAX	D	1.49%
CVAC	D	1.44%
ABUS	D	1.18%
OSUR	D	1.04%
AZN	A	1.01%
ALT	D	0.98%
ADPT	F	0.97%
MRK	B	0.91%
PFE	D	0.9%
GSK	A	0.89%
LLY	D	0.88%
SNY	C	0.88%
ABBV	D	0.87%
REGN	B	0.86%
GILD	F	0.85%
JNJ	F	0.83%
ABT	D	0.82%
TAK	F	0.82%
OCGN	C	0.78%
CRMD	B	0.75%
RENB	F	0.73%
ENTA	C	0.7%
XBIT	B	0.63%
VXRT	F	0.31%
EBS	C	0.29%
IFRX	F	0.21%
CMRX	F	0.21%
GRTS	F	0.2%
CVM	F	0.2%
CUE	D	0.16%
VAXX	F	0.04%

GERM Underweight 68 Positions Relative to CBLS

Symbol	Grade	Weight
FCX	A	-3.13%
AVGO	D	-2.85%
ASML	D	-2.79%
SKY	D	-2.6%
TCOM	A	-2.56%
NVDA	C	-2.55%
MMYT	B	-2.55%
HUMA	B	-2.54%
AAPL	C	-2.46%
FANG	B	-2.44%
STRL	D	-2.43%
TDG	A	-2.41%
EG	D	-2.4%
TMDX	A	-2.38%
MSFT	C	-2.34%
LRCX	D	-2.3%
MU	B	-2.21%
GTLS	C	-2.2%
DXCM	D	-2.2%
NU	C	-2.2%
SN	A	-2.17%
IBN	A	-2.14%
ERJ	A	-2.12%
BLBD	C	-2.11%
PANW	B	-2.09%
ECL	A	-2.08%
TSM	C	-2.06%
ICFI	C	-2.04%
DKNG	D	-1.99%
NOC	B	-1.98%
NARI	F	-1.92%
HLX	B	-1.9%
CHK	B	-1.89%
BKNG	C	-1.87%
RTX	B	-1.86%
GD	A	-1.79%
WTTR	B	-1.79%
FTI	A	-1.73%
NFE	F	-1.69%
RIG	F	-1.66%
INDI	F	-1.3%
HOG	D	--0.4%
BC	F	--0.69%
SOFI	F	--0.75%
POOL	F	--0.79%
AVY	A	--0.79%
IBM	D	--0.9%
CHH	D	--0.91%
DOOO	C	--0.93%
YETI	F	--0.96%
ONON	C	--0.98%
BXP	F	--0.98%
INTC	F	--1.0%
BGFV	F	--1.05%
F	C	--1.05%
BALL	A	--1.06%
ZION	A	--1.08%
WAL	C	--1.09%
EWBC	A	--1.09%
CMA	B	--1.1%
MTB	A	--1.13%
PAYX	D	--1.25%
UTHR	A	--1.27%
ENR	C	--1.34%
FIGS	F	--1.39%
LAD	F	--1.44%
LOW	D	--1.45%
BBY	D	--1.45%

GERM: Top Represented Industries & Keywords

Industries: Biotechnology Drug Manufacturers - Major Diagnostics & Research Drug Manufacturers - Specialty & Generic Medical Devices Medical Instruments & Supplies