HDRO vs. MLPA ETF Comparison

Comparison of Defiance Next Gen H2 ETF (HDRO) to Global X MLP ETF (MLPA)

HDRO

Defiance Next Gen H2 ETF

HDRO Description

ETF Series Solutions - Defiance Next Gen H2 ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Defiance ETFs, LLC and Penserra Capital Management, LLC. It invests in the public equity markets of global region. The fund invests in stocks of companies operating across materials, chemicals, industrial gases, utilities, alternative energy resources, fuel cells, independent power and renewable electricity producers, renewable electricity, development of hydrogen-based energy source sectors. It invests in growth and value stocks of companies operating across diversified market capitalization. The fund seeks to track the performance of the BlueStar Global Hydrogen & NextGen Fuel Cell Index, by using full replication technique. ETF Series Solutions - Defiance Next Gen H2 ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$5.06

Average Daily Volume

26,227

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MLPA

Global X MLP ETF

MLPA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$47.45

Average Daily Volume

120,231

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HDRO	MLPA
30 Days	-6.26%	-1.11%
60 Days	-8.52%	1.41%
90 Days	-13.94%	5.57%
12 Months	-43.90%	22.41%

0 Overlapping Holdings

	Symbol	Grade	Weight in HDRO	Weight in MLPA	Overlap

HDRO Overweight 5 Positions Relative to MLPA

Symbol	Grade	Weight
BE	C	9.77%
PLUG	F	5.98%
APD	C	4.33%
LIN	C	4.29%
FCEL	F	3.56%

HDRO Underweight 19 Positions Relative to MLPA

Symbol	Grade	Weight
EPD	B	-12.44%
ET	A	-11.95%
MPLX	A	-10.69%
PAA	B	-10.01%
WES	A	-9.62%
ENLC	A	-7.93%
SUN	C	-6.9%
HESM	C	-6.05%
NS	C	-5.56%
CQP	D	-5.07%
GLP	A	-3.41%
USAC	D	-3.29%
GEL	A	-3.23%
SPH	C	-2.99%
DKL	D	-0.85%
MMLP	A	-0.0%
SGU	A	-0.0%
CAPL	A	-0.0%
SMLP	A	-0.0%

HDRO: Top Represented Industries & Keywords

Industries: Utilities - Independent Power Producers Chemicals Electronic Components Specialty Chemicals