IVES vs. WFH ETF Comparison

Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to Direxion Work From Home ETF (WFH)

IVES

Wedbush ETFMG Global Cloud Technology ETF

IVES Description

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”

Grade (RS Rating)

Last Trade

$45.01

Average Daily Volume

8,350

Number of Holdings ^*

* may have additional holdings in another (foreign) market

WFH

Direxion Work From Home ETF

WFH Description

The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news.

Grade (RS Rating)

Last Trade

$53.55

Average Daily Volume

1,732

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IVES	WFH
30 Days	-4.53%	-5.30%
60 Days	0.55%	-6.17%
90 Days	8.96%	-4.98%
12 Months	45.45%	25.25%

8 Overlapping Holdings

Symbol	Grade	Weight in IVES	Weight in WFH	Overlap
BOX	D	0.72%	2.39%	0.72%
DOCN	C	0.58%	2.25%	0.58%
EGHT	F	0.05%	2.08%	0.05%
NET	C	2.78%	2.37%	2.37%
NTAP	A	3.47%	2.55%	2.55%
OKTA	D	2.67%	2.3%	2.3%
RNG	D	0.54%	2.42%	0.54%
SMAR	D	0.95%	2.41%	0.95%

IVES Overweight 38 Positions Relative to WFH

Symbol	Grade	Weight
OTEX	D	4.28%
MSTR	D	3.7%
SMCI	C	3.4%
ESTC	B	3.4%
PSTG	A	3.05%
DDOG	B	2.91%
NTNX	C	2.9%
IOT	B	2.7%
MDB	C	2.35%
INFA	D	1.98%
CFLT	C	1.71%
GTLB	C	1.61%
GDS	D	1.6%
DBX	C	1.51%
APPF	B	1.47%
HCP	A	0.89%
KD	D	0.87%
KC	D	0.83%
CVLT	B	0.8%
BLKB	B	0.8%
FROG	C	0.76%
TDC	D	0.68%
NCNO	F	0.65%
APPN	C	0.51%
ZETA	A	0.49%
JAMF	A	0.44%
NABL	D	0.43%
INTA	D	0.43%
PDFS	D	0.36%
SWI	C	0.34%
FSLY	D	0.32%
VNET	F	0.3%
EVBG	B	0.28%
GDYN	F	0.15%
RXT	D	0.07%
BLZE	C	0.07%
UIS	B	0.07%
DOMO	F	0.06%

IVES Underweight 31 Positions Relative to WFH

Symbol	Grade	Weight
GOOGL	A	-3.17%
DOCU	A	-2.9%
SNX	A	-2.87%
HUBS	B	-2.84%
AMZN	A	-2.76%
ORCL	C	-2.76%
YY	B	-2.73%
META	D	-2.7%
PANW	B	-2.69%
VZ	D	-2.68%
MSFT	D	-2.68%
NOW	D	-2.63%
TEAM	F	-2.61%
CSCO	D	-2.61%
XRX	F	-2.59%
WDAY	F	-2.56%
AVGO	B	-2.49%
IBM	D	-2.47%
PEGA	C	-2.46%
CYBR	C	-2.45%
ZM	D	-2.41%
FTNT	D	-2.4%
CRM	D	-2.39%
NTCT	D	-2.39%
CRWD	C	-2.38%
ADBE	D	-2.33%
ZS	D	-2.28%
MOMO	D	-2.21%
MRVL	C	-2.14%
S	C	-2.06%
ATUS	D	-2.0%