IBAT vs. HDRO ETF Comparison

Comparison of iShares Energy Storage & Materials ETF (IBAT) to Defiance Next Gen H2 ETF (HDRO)

IBAT

iShares Energy Storage & Materials ETF

IBAT Description

The index measures the performance of equity securities of companies involved in energy storage solutions aiming to support the transition to a low carbon economy, including hydrogen, fuel cells, and batteries as determined by STOXX Ltd. The fund generally will invest at least 90% of its assets in the component securities of its index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.39

Average Daily Volume

352

Number of Holdings ^*

14

* may have additional holdings in another (foreign) market

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

$33.74

Average Daily Volume

5,197

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

Performance

Period	IBAT	HDRO
30 Days	-2.72%	-2.23%
60 Days	-5.60%	-8.10%
90 Days	-3.88%	-12.40%
12 Months		-30.45%

4 Overlapping Holdings

	Symbol	Grade	Weight in IBAT	Weight in HDRO	Overlap
	APD	A	7.15%	4.93%	4.93%
	BE	B	2.84%	12.5%	2.84%
	LIN	C	2.99%	4.28%	2.99%
	PLUG	F	0.98%	9.95%	0.98%

IBAT Overweight 10 Positions Relative to HDRO

	Symbol	Grade	Weight
	ETN	A	3.68%
	ENPH	F	2.74%
	ENS	F	2.55%
	DOW	F	1.21%
	QS	F	1.08%
	FLNC	D	0.84%
	SEDG	F	0.4%
	CHPT	F	0.29%
	FCEL	B	0.07%
	STEM	F	0.04%

IBAT Underweight 0 Positions Relative to HDRO

	Symbol	Grade	Weight

IBAT: Top Represented Industries & Keywords

Industries: Chemicals Electronic Components Utilities - Independent Power Producers Auto Parts Conglomerates Semiconductor Equipment & Materials Software - Infrastructure Solar Specialty Chemicals Specialty Industrial Machinery Utilities - Renewable

Keywords: S&P 500 Hydrogen Fuel Cell Mining Photovoltaics Renewable Energy Air Separation Alternative Energy Argon Batteries Biogas Carbon Monoxide Chemical Chemical Process Dry Ice Electric Utilities Electric Vehicle Electricity Energy Conversion Energy Storage

HDRO: Top Represented Industries & Keywords

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

Keywords: Hydrogen Air Separation Argon Carbon Monoxide Chemical Chemical Process Dry Ice Fuel Cell Fuel Cell Systems Helium Hydrogen Economy Hydrogen Technologies Industrial Gases Natural Gas Oxygen S&P 500 Adhesives Aerospace Alternative Energy Ammonia