HWAY vs. QOWZ ETF Comparison

Comparison of Themes US Infrastructure ETF (HWAY) to Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ)

HWAY

Themes US Infrastructure ETF

HWAY Description

The index is designed to provide exposure to U.S. companies that have business operations involving the building materials, equipment, logistics, construction, and engineering services used for the development and maintenance of infrastructure projects. It will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities that comprise the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.16

Average Daily Volume

400

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QOWZ

Invesco Nasdaq Free Cash Flow Achievers ETF

QOWZ Description

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. compiles, maintains and calculates the underlying index, which is designed to track the performance of U.S.-listed companies with continuous and stable growth in free cash flow. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.32

Average Daily Volume

2,108

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HWAY	QOWZ
30 Days	4.93%	3.80%
60 Days	7.92%	7.72%
90 Days		8.56%
12 Months

5 Overlapping Holdings

Symbol	Grade	Weight in HWAY	Weight in QOWZ	Overlap
CVCO	A	0.22%	0.59%	0.22%
FAST	B	3.3%	1.78%	1.78%
OC	A	1.21%	1.09%	1.09%
POOL	C	0.97%	0.94%	0.94%
WTS	B	0.45%	0.66%	0.45%

HWAY Overweight 92 Positions Relative to QOWZ

Symbol	Grade	Weight
EMR	B	4.96%
CSX	C	4.32%
NSC	B	4.21%
DE	B	4.18%
UNP	C	4.15%
CAT	B	4.1%
URI	C	3.91%
GWW	B	3.71%
PWR	A	3.43%
VMC	B	2.62%
MLM	C	2.52%
NUE	C	2.47%
WAB	B	2.45%
XYL	D	2.11%
DOV	A	1.95%
EME	A	1.65%
BLDR	D	1.46%
CSL	C	1.44%
STLD	B	1.42%
IEX	C	1.2%
J	D	1.2%
FIX	A	1.16%
RS	B	1.13%
GGG	B	1.08%
ACM	B	1.02%
TTEK	F	0.78%
AA	A	0.78%
MLI	B	0.77%
AIT	B	0.75%
BLD	D	0.74%
FLR	B	0.68%
WCC	B	0.67%
EXP	B	0.67%
DCI	B	0.65%
CRS	B	0.65%
X	B	0.64%
WMS	F	0.63%
CR	A	0.62%
UFPI	C	0.59%
OSK	C	0.54%
ATI	C	0.53%
R	B	0.53%
VMI	B	0.52%
TREX	C	0.52%
CMC	B	0.52%
SSD	F	0.52%
APG	B	0.47%
AZEK	A	0.46%
AGCO	D	0.46%
VNT	C	0.44%
ZWS	B	0.43%
SUM	B	0.43%
HRI	C	0.41%
SKY	A	0.41%
DY	D	0.41%
STRL	A	0.41%
CLF	F	0.4%
ACA	A	0.38%
KNF	B	0.38%
BCC	B	0.38%
SWX	B	0.34%
GVA	A	0.32%
ROAD	B	0.29%
MDU	D	0.27%
MSM	C	0.27%
TEX	F	0.26%
VRRM	F	0.26%
NPO	A	0.26%
ATKR	D	0.25%
TRN	B	0.23%
MYRG	B	0.17%
ROCK	C	0.16%
AZZ	A	0.16%
GBX	A	0.15%
ALG	B	0.14%
HEES	C	0.14%
AGX	B	0.13%
HLIO	B	0.12%
APOG	C	0.12%
WS	C	0.11%
DNOW	B	0.11%
LNN	B	0.1%
CENX	B	0.09%
BXC	B	0.09%
NVEE	F	0.09%
KALU	C	0.09%
MRC	B	0.08%
USLM	A	0.07%
TPC	C	0.07%
JBI	F	0.07%
GLDD	B	0.03%
NVRI	D	0.02%

HWAY Underweight 45 Positions Relative to QOWZ

Symbol	Grade	Weight
NVDA	B	-11.22%
META	D	-6.8%
AVGO	D	-5.52%
UNH	B	-4.62%
MA	B	-4.45%
CRM	B	-4.24%
NOW	A	-3.38%
INTU	B	-3.05%
ADBE	C	-2.95%
TMO	F	-2.73%
ADP	A	-2.55%
FTNT	C	-2.24%
CTAS	B	-2.22%
MAR	A	-2.22%
COF	C	-2.16%
APH	A	-2.12%
CDNS	B	-2.11%
FICO	B	-2.04%
KMI	A	-2.0%
RSG	A	-1.85%
KLAC	F	-1.83%
ROP	B	-1.78%
PAYX	B	-1.78%
WBD	B	-1.27%
MCHP	F	-1.26%
TDY	B	-1.25%
NVR	D	-1.22%
PTC	B	-1.22%
ROL	B	-1.21%
WST	C	-1.21%
MTD	F	-1.16%
MANH	D	-1.08%
MKC	C	-1.06%
VRSN	C	-1.05%
AYI	B	-0.96%
RMBS	B	-0.75%
BECN	B	-0.74%
QLYS	B	-0.73%
THO	B	-0.67%
LFUS	D	-0.64%
PRGS	A	-0.54%
TTGT	B	-0.33%
RDUS	B	-0.28%
SLP	D	-0.24%
DLHC	F	-0.11%