NACP vs. ONOF ETF Comparison

Comparison of Impact Shares NAACP Minority Empowerment ETF (NACP) to Global X Adaptive U.S. Risk Management ETF (ONOF)

NACP

Impact Shares NAACP Minority Empowerment ETF

NACP Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar Minority Empowerment Index (the underlying index). The fund will, under normal circumstances, invest at least 80% of its total assets, plus borrowings for investment purposes (the "80% basket") in component securities of the underlying index ("Component Securities"). The underlying index is designed to measure the performance of large and mid- capitalization companies that are "empowering to minorities," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.33

Average Daily Volume

3,062

Number of Holdings ^*

199

* may have additional holdings in another (foreign) market

ONOF

Global X Adaptive U.S. Risk Management ETF

ONOF Description

The investment seeks investment results that correspond generally to the price and yield performance of the Adaptive Wealth Strategies U.S. Risk Management Index. The fund invests at least 80% of its total assets in the securities of the index or in investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities, either individually or in the aggregate. The index is designed to dynamically allocate between either 100% exposure to the Solactive GBS United States 500 Index TR or 100% exposure to a portfolio of U.S. Treasuries with 1-3 years remaining to maturity. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.86

Average Daily Volume

9,591

Number of Holdings ^*

493

* may have additional holdings in another (foreign) market

Performance

Period	NACP	ONOF
30 Days	4.86%	4.96%
60 Days	0.08%	0.77%
90 Days	2.80%	2.62%
12 Months	28.35%	17.13%

180 Overlapping Holdings

Symbol	Grade	Weight in NACP	Weight in ONOF	Overlap
A	C	0.16%	0.1%	0.1%
AAPL	B	5.17%	6.19%	5.17%
ABBV	F	1.04%	0.62%	0.62%
ABT	F	0.67%	0.4%	0.4%
ACN	F	2.99%	0.43%	0.43%
ADM	F	0.12%	0.07%	0.07%
ADP	C	0.4%	0.23%	0.23%
AEP	C	0.17%	0.1%	0.1%
AGR	C	0.01%	0.01%	0.01%
ALB	D	0.05%	0.03%	0.03%
AME	D	0.14%	0.09%	0.09%
AMZN	C	5.1%	3.65%	3.65%
AON	F	0.22%	0.12%	0.12%
APTV	C	0.08%	0.05%	0.05%
AVB	B	0.1%	0.06%	0.06%
AXP	B	0.52%	0.31%	0.31%
BA	D	0.43%	0.21%	0.21%
BAC	A	0.97%	0.6%	0.6%
BAH	B	0.07%	0.04%	0.04%
BAX	F	0.06%	0.04%	0.04%
BDX	F	0.24%	0.15%	0.15%
BG	B	0.06%	0.03%	0.03%
BIIB	D	0.12%	0.07%	0.07%
BK	B	0.16%	0.1%	0.1%
BMY	F	0.33%	0.19%	0.19%
BSX	A	0.39%	0.24%	0.24%
C	B	0.44%	0.27%	0.27%
CCI	D	0.15%	0.09%	0.09%
CF	D	0.06%	0.04%	0.04%
CI	D	0.37%	0.22%	0.22%
CLX	F	0.06%	0.04%	0.04%
CMI	D	0.14%	0.09%	0.09%
CMS	B	0.07%	0.04%	0.04%
COP	D	0.54%	0.32%	0.32%
CPB	C	0.03%	0.02%	0.02%
CSX	D	0.25%	0.15%	0.15%
CVS	F	0.28%	0.16%	0.16%
CVX	B	1.15%	0.6%	0.6%
D	B	0.16%	0.1%	0.1%
DAL	C	0.12%	0.07%	0.07%
DD	A	0.14%	0.07%	0.07%
DE	F	0.39%	0.22%	0.22%
DELL	B	0.29%	0.1%	0.1%
DGX	C	0.06%	0.03%	0.03%
DHR	B	0.66%	0.38%	0.38%
DOC	C	0.04%	0.03%	0.03%
DTE	B	0.08%	0.05%	0.05%
DUK	B	0.28%	0.17%	0.17%
DVN	D	0.12%	0.07%	0.07%
EA	B	0.3%	0.08%	0.08%
EBAY	B	0.1%	0.06%	0.06%
ECL	B	0.21%	0.13%	0.13%
ED	C	0.12%	0.07%	0.07%
EIX	B	0.1%	0.06%	0.06%
ELV	C	0.44%	0.29%	0.29%
EMR	B	0.24%	0.14%	0.14%
EQIX	C	0.27%	0.17%	0.17%
ES	D	0.08%	0.04%	0.04%
ETN	B	0.48%	0.3%	0.3%
ETR	C	0.08%	0.05%	0.05%
EW	D	0.2%	0.12%	0.12%
EXC	D	0.14%	0.08%	0.08%
EXPD	B	0.07%	0.04%	0.04%
F	D	0.17%	0.11%	0.11%
FCX	B	0.28%	0.16%	0.16%
FDX	F	0.22%	0.13%	0.13%
FE	C	0.08%	0.05%	0.05%
GE	A	0.63%	0.4%	0.4%
GILD	F	0.3%	0.18%	0.18%
GM	C	0.2%	0.11%	0.11%
GOOG	A	3.09%	1.93%	1.93%
GOOGL	A	3.41%	2.3%	2.3%
HBAN	B	0.07%	0.04%	0.04%
HES	D	0.16%	0.09%	0.09%
HLT	D	0.17%	0.11%	0.11%
HON	B	0.49%	0.3%	0.3%
HPQ	A	0.43%	0.07%	0.07%
HRL	C	0.04%	0.03%	0.03%
HSY	C	0.11%	0.07%	0.07%
HUBB	D	0.07%	0.04%	0.04%
HWM	A	0.11%	0.07%	0.07%
IBM	D	2.32%	0.35%	0.35%
IFF	C	0.09%	0.05%	0.05%
ILMN	F	0.06%	0.04%	0.04%
INTC	F	2.08%	0.28%	0.28%
IR	B	0.13%	0.09%	0.09%
ITW	F	0.28%	0.16%	0.16%
JBHT	F	0.05%	0.03%	0.03%
JCI	B	0.18%	0.11%	0.11%
JNJ	F	1.38%	0.8%	0.8%
JPM	B	2.06%	1.28%	1.28%
K	C	0.06%	0.04%	0.04%
KHC	D	0.1%	0.06%	0.06%
KMI	B	0.14%	0.08%	0.08%
KO	B	0.93%	0.54%	0.54%
KR	D	0.13%	0.08%	0.08%
LHX	B	0.14%	0.09%	0.09%
LII	B	0.06%	0.03%	0.03%
LNG	F	0.14%	0.08%	0.08%
LNT	C	0.05%	0.03%	0.03%
LOW	F	0.5%	0.28%	0.28%
LUV	F	0.06%	0.03%	0.03%
MA	D	1.44%	0.84%	0.84%
MAR	D	0.23%	0.13%	0.13%
MCO	B	0.23%	0.14%	0.14%
MDLZ	D	0.37%	0.21%	0.21%
MDT	C	0.4%	0.24%	0.24%
MELI	C	0.33%	0.17%	0.17%
MET	C	0.17%	0.1%	0.1%
META	D	3.53%	2.29%	2.29%
MLM	D	0.13%	0.08%	0.08%
MMM	C	0.21%	0.12%	0.12%
MPC	D	0.25%	0.15%	0.15%
MRK	C	1.28%	0.74%	0.74%
MS	B	0.47%	0.28%	0.28%
MSFT	A	5.1%	7.0%	5.1%
MU	A	2.13%	0.31%	0.31%
NDAQ	C	0.08%	0.05%	0.05%
NDSN	F	0.05%	0.02%	0.02%
NEE	A	0.58%	0.34%	0.34%
NEM	C	0.18%	0.1%	0.1%
NKE	F	0.44%	0.25%	0.25%
NOC	D	0.26%	0.16%	0.16%
NSC	F	0.19%	0.12%	0.12%
NVDA	A	4.66%	5.51%	4.66%
OKE	B	0.17%	0.1%	0.1%
OTIS	C	0.14%	0.09%	0.09%
PANW	C	1.8%	0.22%	0.22%
PCG	B	0.09%	0.08%	0.08%
PEG	A	0.13%	0.08%	0.08%
PEP	C	0.94%	0.55%	0.55%
PFE	D	0.59%	0.36%	0.36%
PFG	C	0.04%	0.04%	0.04%
PLD	F	0.39%	0.22%	0.22%
PNC	C	0.23%	0.14%	0.14%
PPG	F	0.11%	0.07%	0.07%
PPL	B	0.08%	0.05%	0.05%
PSX	D	0.24%	0.14%	0.14%
PYPL	D	0.27%	0.15%	0.15%
QCOM	B	3.27%	0.5%	0.5%
RCL	A	0.12%	0.07%	0.07%
RF	D	0.07%	0.04%	0.04%
RMD	C	0.12%	0.07%	0.07%
ROK	F	0.11%	0.07%	0.07%
SBAC	F	0.07%	0.05%	0.05%
SCCO	C	0.04%	0.02%	0.02%
SCHW	C	0.43%	0.22%	0.22%
SJM	F	0.04%	0.03%	0.03%
SO	B	0.31%	0.19%	0.19%
SPGI	C	0.52%	0.31%	0.31%
SRE	B	0.18%	0.11%	0.11%
SWK	F	0.05%	0.04%	0.04%
SYF	C	0.07%	0.04%	0.04%
T	B	0.28%	0.28%	0.28%
TFC	C	0.19%	0.11%	0.11%
TMO	C	0.83%	0.5%	0.5%
TROW	C	0.09%	0.06%	0.06%
TRV	D	0.18%	0.11%	0.11%
TSLA	D	2.12%	1.06%	1.06%
TSN	C	0.06%	0.04%	0.04%
TT	B	0.26%	0.17%	0.17%
UAL	C	0.06%	0.05%	0.05%
UBER	D	2.05%	0.28%	0.28%
UNH	C	1.87%	1.07%	1.07%
UNP	F	0.56%	0.31%	0.31%
UPS	F	0.39%	0.22%	0.22%
URI	C	0.18%	0.1%	0.1%
V	C	1.66%	0.97%	0.97%
VLO	D	0.2%	0.12%	0.12%
VMC	D	0.12%	0.08%	0.08%
VRSK	B	0.13%	0.08%	0.08%
VST	A	0.1%	0.07%	0.07%
VZ	D	1.58%	0.37%	0.37%
WBA	F	0.05%	0.02%	0.02%
WEC	D	0.1%	0.06%	0.06%
WMB	B	0.18%	0.11%	0.11%
WMT	A	0.63%	0.61%	0.61%
XEL	D	0.11%	0.07%	0.07%
XOM	D	1.73%	1.15%	1.15%
XYL	B	0.13%	0.08%	0.08%

NACP Overweight 19 Positions Relative to ONOF

Symbol	Grade	Weight
GEV	C	0.16%
IPG	D	0.11%
TXT	D	0.07%
NRG	B	0.07%
ACM	F	0.05%
LECO	F	0.05%
OC	B	0.05%
AES	B	0.05%
TFX	D	0.04%
TAP	F	0.04%
MOS	D	0.04%
AMH	C	0.04%
USFD	C	0.04%
NI	C	0.04%
EMN	A	0.04%
SOLV	F	0.03%
BWA	C	0.03%
REG	D	0.03%
COTY	D	0.01%

NACP Underweight 313 Positions Relative to ONOF

Symbol	Grade	Weight
LLY	A	-1.53%
AVGO	B	-1.43%
BRK.A	C	-1.17%
PG	B	-0.87%
COST	A	-0.79%
HD	F	-0.73%
NFLX	A	-0.61%
CRM	D	-0.58%
AMD	C	-0.57%
ADBE	F	-0.49%
WFC	C	-0.48%
LIN	D	-0.47%
ORCL	B	-0.43%
MCD	F	-0.42%
CSCO	F	-0.42%
AMAT	A	-0.41%
DIS	D	-0.41%
TXN	B	-0.4%
INTU	C	-0.4%
CAT	D	-0.4%
AMGN	C	-0.36%
NOW	C	-0.34%
CMCSA	F	-0.34%
PM	A	-0.34%
GS	B	-0.33%
RTX	A	-0.31%
ISRG	A	-0.31%
LRCX	B	-0.29%
BKNG	B	-0.28%
BLK	C	-0.26%
VRTX	B	-0.26%
LMT	B	-0.26%
PGR	D	-0.26%
ADI	B	-0.26%
TJX	B	-0.25%
CB	C	-0.24%
SYK	D	-0.23%
MMC	B	-0.23%
REGN	B	-0.23%
KLAC	A	-0.23%
SBUX	D	-0.2%
SNPS	B	-0.2%
WM	D	-0.19%
TMUS	A	-0.19%
AMT	C	-0.19%
BX	C	-0.19%
CMG	B	-0.19%
CDNS	C	-0.18%
APH	B	-0.18%
MO	B	-0.18%
MCK	B	-0.17%
ICE	C	-0.17%
CME	D	-0.17%
CRWD	B	-0.17%
CL	B	-0.17%
ZTS	C	-0.17%
CEG	B	-0.16%
EOG	D	-0.16%
ANET	C	-0.16%
SHW	D	-0.16%
SLB	F	-0.15%
TGT	D	-0.15%
TDG	B	-0.15%
PH	D	-0.15%
GD	A	-0.15%
KKR	B	-0.15%
CTAS	C	-0.14%
MRVL	B	-0.14%
PCAR	D	-0.13%
ORLY	F	-0.13%
APD	B	-0.13%
ROP	C	-0.13%
USB	D	-0.13%
WELL	A	-0.13%
MSI	B	-0.13%
HCA	C	-0.13%
ABNB	D	-0.13%
COF	D	-0.12%
MCHP	A	-0.12%
MRNA	B	-0.12%
CARR	B	-0.12%
AJG	B	-0.12%
AIG	B	-0.12%
WDAY	F	-0.12%
DXCM	D	-0.11%
SNOW	D	-0.11%
ALL	D	-0.1%
OXY	D	-0.1%
PRU	B	-0.1%
ROST	C	-0.1%
KMB	C	-0.1%
HUM	D	-0.1%
IDXX	C	-0.1%
FIS	C	-0.1%
CPRT	D	-0.1%
O	D	-0.1%
AMP	A	-0.1%
APO	A	-0.1%
AZO	D	-0.1%
SPG	C	-0.1%
AFL	A	-0.1%
TEL	A	-0.1%
ADSK	F	-0.1%
LEN	C	-0.09%
GIS	D	-0.09%
CTVA	C	-0.09%
RSG	D	-0.09%
PWR	B	-0.09%
PAYX	C	-0.09%
DOW	B	-0.09%
IQV	D	-0.09%
MSCI	F	-0.09%
TTD	B	-0.09%
SPOT	B	-0.09%
PLTR	D	-0.09%
FTNT	F	-0.09%
CNC	D	-0.09%
SMCI	D	-0.09%
DHI	D	-0.09%
NUE	F	-0.09%
DLR	B	-0.09%
PSA	D	-0.09%
LULU	F	-0.08%
CSGP	F	-0.08%
DDOG	D	-0.08%
CTSH	F	-0.08%
VRT	B	-0.08%
GWW	D	-0.08%
MPWR	B	-0.08%
IT	D	-0.08%
SQ	D	-0.08%
ACGL	A	-0.08%
SYY	F	-0.08%
FAST	D	-0.08%
COIN	C	-0.08%
STZ	F	-0.08%
YUM	C	-0.08%
WAB	A	-0.07%
VICI	D	-0.07%
ANSS	D	-0.07%
VEEV	D	-0.07%
HIG	B	-0.07%
EXR	C	-0.07%
ON	C	-0.07%
DFS	D	-0.07%
KDP	B	-0.07%
DG	D	-0.07%
CDW	D	-0.07%
MTD	C	-0.07%
TSCO	A	-0.07%
BKR	F	-0.07%
HAL	F	-0.07%
FANG	D	-0.07%
ODFL	F	-0.07%
FICO	B	-0.07%
DASH	D	-0.07%
KVUE	D	-0.07%
LYB	D	-0.06%
FITB	C	-0.06%
PHM	C	-0.06%
KEYS	F	-0.06%
TTWO	B	-0.06%
TRGP	B	-0.06%
DOV	B	-0.06%
FSLR	A	-0.06%
WST	F	-0.06%
CHD	C	-0.06%
MDB	D	-0.06%
TEAM	F	-0.06%
MNST	F	-0.06%
WTW	D	-0.06%
CBRE	D	-0.06%
FTV	F	-0.06%
GPN	F	-0.06%
CHTR	D	-0.06%
EL	F	-0.06%
GLW	B	-0.06%
HUBS	C	-0.06%
EFX	C	-0.06%
GEHC	D	-0.06%
BLDR	D	-0.05%
FCNCA	A	-0.05%
AXON	D	-0.05%
NET	F	-0.05%
STX	B	-0.05%
BALL	C	-0.05%
BRO	B	-0.05%
DECK	A	-0.05%
TER	A	-0.05%
OMC	C	-0.05%
PTC	C	-0.05%
NVR	D	-0.05%
WY	F	-0.05%
LPLA	A	-0.05%
VLTO	A	-0.05%
EQR	C	-0.05%
RJF	C	-0.05%
IRM	B	-0.05%
MSTR	B	-0.05%
STT	C	-0.05%
STE	C	-0.05%
HPE	B	-0.05%
WDC	A	-0.05%
PINS	B	-0.05%
NTAP	A	-0.05%
BR	C	-0.05%
ARES	B	-0.05%
CAH	F	-0.05%
MTB	C	-0.05%
AWK	C	-0.05%
DLTR	F	-0.05%
GRMN	C	-0.05%
CPNG	B	-0.05%
ZBH	F	-0.05%
ZM	D	-0.04%
ZBRA	A	-0.04%
BBY	D	-0.04%
CFG	C	-0.04%
VRSN	F	-0.04%
L	D	-0.04%
EQT	B	-0.04%
LVS	F	-0.04%
TDY	F	-0.04%
BMRN	F	-0.04%
ATO	F	-0.04%
CE	D	-0.04%
ULTA	F	-0.04%
WSM	D	-0.04%
RS	D	-0.04%
WBD	F	-0.04%
NTRS	D	-0.04%
IEX	F	-0.04%
LYV	D	-0.04%
J	D	-0.04%
MOH	F	-0.04%
DKNG	F	-0.04%
HOLX	D	-0.04%
CINF	D	-0.04%
DRI	F	-0.04%
CAG	C	-0.04%
TYL	B	-0.04%
WAT	C	-0.04%
MKC	D	-0.04%
ARE	C	-0.04%
CNP	B	-0.04%
ALNY	C	-0.04%
AEE	D	-0.04%
CSL	B	-0.04%
VTR	C	-0.04%
ENTG	D	-0.04%
AVY	B	-0.04%
MKL	B	-0.04%
SNAP	C	-0.04%
ALGN	F	-0.04%
CBOE	C	-0.04%
INVH	C	-0.04%
CTRA	C	-0.04%
GPC	F	-0.04%
STLD	D	-0.04%
CPAY	F	-0.04%
EG	C	-0.03%
EVRG	C	-0.03%
POOL	F	-0.03%
VTRS	F	-0.03%
WPC	D	-0.03%
TW	B	-0.03%
INCY	C	-0.03%
IBKR	A	-0.03%
ROL	B	-0.03%
SSNC	C	-0.03%
HEI	B	-0.03%
AKAM	F	-0.03%
CELH	C	-0.03%
TRU	C	-0.03%
TRMB	D	-0.03%
AMCR	C	-0.03%
YUMC	F	-0.03%
SWKS	F	-0.03%
APP	B	-0.03%
CCL	B	-0.03%
SUI	F	-0.03%
OKTA	C	-0.03%
ESS	C	-0.03%
EXPE	F	-0.03%
FDS	D	-0.03%
RBLX	D	-0.03%
JBL	D	-0.03%
MRO	D	-0.03%
BSY	C	-0.03%
WRB	D	-0.03%
MAA	C	-0.03%
ENPH	B	-0.03%
ZS	F	-0.03%
AVTR	D	-0.03%
IOT	C	-0.02%
HEI	B	-0.02%
BEN	F	-0.02%
OWL	A	-0.02%
EPAM	F	-0.02%
DOX	F	-0.02%
ERIE	D	-0.02%
RPRX	F	-0.02%
MGM	F	-0.02%
ACI	F	-0.02%
FOXA	B	-0.02%
LEN	C	-0.01%
EDR	A	-0.01%
WLK	A	-0.01%
WMG	F	-0.01%
FOX	B	-0.01%
GFS	D	-0.01%
RKT	C	-0.0%
SIRI	F	-0.0%