IETC vs. REW ETF Comparison

Comparison of iShares Evolved U.S. Technology ETF (IETC) to ProShares UltraShort Technology (REW)

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$78.27

Average Daily Volume

16,955

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

REW

ProShares UltraShort Technology

REW Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. TechnologySM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the technology sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.02

Average Daily Volume

41,212

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IETC	REW
30 Days	4.85%	-6.11%
60 Days	6.22%	-11.15%
90 Days	4.32%	-2.33%
12 Months	48.16%	-48.78%

48 Overlapping Holdings

Symbol	Grade	Weight in IETC	Weight in REW	Overlap
AAPL	C	2.43%	18.06%	2.43%
ADBE	F	1.19%	2.51%	1.19%
ADSK	B	0.63%	0.63%	0.63%
AKAM	D	0.16%	0.23%	0.16%
AMD	C	0.79%	0.84%	0.79%
ANET	C	0.58%	0.18%	0.18%
ANSS	D	0.38%	0.34%	0.34%
AVGO	C	9.29%	1.82%	1.82%
BAH	B	0.21%	0.17%	0.17%
CACI	B	0.15%	0.1%	0.1%
CDNS	D	1.71%	0.31%	0.31%
CDW	D	0.73%	0.29%	0.29%
CRM	C	5.25%	2.4%	2.4%
CSCO	B	2.33%	3.09%	2.33%
DELL	C	0.05%	0.12%	0.05%
DXC	D	0.04%	0.14%	0.04%
FTNT	B	0.19%	0.25%	0.19%
GDDY	C	0.01%	0.19%	0.01%
GOOG	D	1.85%	5.24%	1.85%
GOOGL	D	2.17%	5.25%	2.17%
HUBS	D	0.11%	0.11%	0.11%
IBM	B	2.28%	1.82%	1.82%
INTU	D	0.06%	1.09%	0.06%
IT	C	0.6%	0.21%	0.21%
JNPR	A	0.06%	0.12%	0.06%
KLAC	D	0.2%	0.42%	0.2%
LRCX	D	0.17%	0.66%	0.17%
META	B	1.74%	4.46%	1.74%
MPWR	B	0.83%	0.11%	0.11%
MSFT	C	9.18%	17.29%	9.18%
MSI	B	2.14%	0.45%	0.45%
MU	D	0.36%	0.95%	0.36%
NOW	C	1.87%	0.87%	0.87%
NTAP	D	1.0%	0.21%	0.21%
NVDA	C	5.91%	2.26%	2.26%
ORCL	B	4.2%	1.77%	1.77%
QCOM	D	1.43%	1.63%	1.43%
QRVO	F	0.1%	0.2%	0.1%
SNAP	D	0.06%	0.22%	0.06%
SNPS	F	0.19%	0.34%	0.19%
SSNC	C	0.74%	0.21%	0.21%
TER	C	0.13%	0.17%	0.13%
TTD	B	0.55%	0.17%	0.17%
TXN	B	0.3%	1.83%	0.3%
TYL	C	0.59%	0.18%	0.18%
VEEV	C	0.1%	0.29%	0.1%
VRSN	C	1.15%	0.33%	0.33%
WDAY	D	0.89%	0.44%	0.44%

IETC Overweight 76 Positions Relative to REW

Symbol	Grade	Weight
AMZN	C	9.13%
ACN	C	5.05%
ICE	C	1.64%
MANH	B	1.26%
GPN	D	1.1%
MA	B	0.9%
PH	B	0.89%
SPGI	C	0.77%
EQIX	B	0.72%
ABNB	D	0.63%
FDS	C	0.59%
VRSK	D	0.59%
TEAM	D	0.55%
ZM	C	0.49%
LMT	A	0.44%
CRWD	D	0.42%
CSGP	D	0.39%
SNOW	F	0.38%
PLTR	C	0.36%
MCO	C	0.35%
COIN	F	0.3%
CPAY	B	0.29%
G	C	0.27%
TTEK	C	0.26%
UBER	C	0.24%
MMC	C	0.19%
SQ	D	0.19%
BSY	C	0.18%
KEYS	B	0.18%
TRU	B	0.18%
DASH	B	0.17%
IRM	C	0.16%
JKHY	B	0.15%
PINS	D	0.15%
OMC	B	0.15%
IQV	D	0.15%
QLYS	D	0.14%
DDOG	D	0.14%
NSIT	C	0.13%
MSTR	C	0.12%
MSCI	C	0.11%
IPG	C	0.11%
AON	B	0.1%
EA	D	0.1%
SLB	F	0.09%
FBIN	B	0.08%
NDAQ	C	0.08%
SLAB	D	0.07%
BBY	A	0.07%
CBOE	C	0.07%
ROK	D	0.07%
VRT	C	0.07%
SMCI	F	0.07%
HOOD	C	0.07%
SAIC	C	0.06%
CPNG	B	0.06%
ADP	C	0.06%
CFLT	F	0.06%
ILMN	D	0.05%
TDY	B	0.05%
DOCN	C	0.05%
MMS	B	0.05%
APPN	C	0.04%
ENPH	D	0.04%
LPLA	D	0.04%
CL	C	0.04%
XYL	C	0.03%
BILL	D	0.03%
GLW	B	0.03%
ZI	D	0.02%
RIVN	F	0.01%
TOST	C	0.01%
SMAR	A	0.01%
GRAL	F	0.0%
ALGN	D	0.0%
FTV	C	0.0%

IETC Underweight 40 Positions Relative to REW

Symbol	Grade	Weight
INTC	D	-3.85%
AMAT	D	-0.86%
ADI	C	-0.65%
CTSH	B	-0.51%
HPQ	C	-0.48%
EBAY	B	-0.41%
MCHP	D	-0.39%
PANW	D	-0.35%
SWKS	F	-0.31%
IAC	C	-0.3%
WDC	C	-0.3%
HPE	C	-0.29%
MRVL	D	-0.28%
PAYC	D	-0.22%
TWLO	C	-0.22%
STX	B	-0.21%
OKTA	F	-0.21%
GRMN	D	-0.21%
RNG	F	-0.21%
LDOS	A	-0.2%
LUMN	C	-0.2%
EPAM	F	-0.19%
FICO	B	-0.17%
DOX	C	-0.15%
ON	D	-0.15%
GWRE	B	-0.14%
AZPN	B	-0.14%
OLED	D	-0.13%
DOCU	C	-0.13%
FFIV	B	-0.12%
PTC	C	-0.12%
DAY	D	-0.11%
ENTG	D	-0.11%
CIEN	B	-0.1%
XRX	D	-0.1%
LITE	B	-0.09%
SNX	C	-0.09%
Z	C	-0.09%
ETSY	D	-0.09%
MKSI	F	-0.09%

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Software - Infrastructure Information Technology Services Semiconductors Internet Content & Information Capital Markets Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Diversified Industrials Financial Data & Stock Exchanges Scientific & Technical Instruments Advertising Agencies Computer Systems Insurance Brokers Internet Content & Information Specialty Retail Aerospace & Defense Auto Manufacturers