NOBL vs. COWS ETF Comparison

Comparison of ProShares S&P 500 Aristocrats ETF (NOBL) to Amplify Cash Flow Dividend Leaders ETF (COWS)

NOBL

ProShares S&P 500 Aristocrats ETF

NOBL Description

The investment seeks investment results before fees and expenses that track the performance of the S&P 500Â® Dividend AristocratsÂ® Index (the "index"). The fund will invest at least 80% of its total assets in component securities (i.e., securities of the index and comparable securities that have economic characteristics that are substantially identical to the economic characteristics of the securities of the index). The index contains a minimum of 40 stocks, which are equally weighted, and no single sector is allowed to comprise more than 30% of the index weight.

Grade (RS Rating)

Last Trade

$106.96

Average Daily Volume

423,177

Number of Holdings ^*

* may have additional holdings in another (foreign) market

COWS

Amplify Cash Flow Dividend Leaders ETF

COWS Description

COWS is an index tracking fund utilizing a replication strategy. The index strategy aims to invest in US stocks of companies perceived to be stable and pay dividends. The starting investment universe considers the 1000 most liquid US-listed companies, excluding the financial sector. Filtering this universe, the 100 highest ranked free cash flow yielding stocks, as measured by equally weighting the stocks average trailing and forward cash flow yield. Companies with no forward estimates for free cash flow yields or earnings are removed. The investment universe is then filtered to identify dividend paying stocks with three years of uninterrupted dividend growth. Stocks with a payout ratio greater than 75% are eliminated. The top 10% of dividend yielding stocks are selected for the index. This process results in 40-100 stocks being selected and initially equally weighted in the index. Industry exposure is capped at 24%. Index holdings are reconstituted and rebalanced on a quarterly basis.

Grade (RS Rating)

Last Trade

$31.69

Average Daily Volume

6,514

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NOBL	COWS
30 Days	1.07%	8.32%
60 Days	1.14%	7.64%
90 Days	3.79%	8.17%
12 Months	20.86%	29.39%

1 Overlapping Holdings

	Symbol	Grade	Weight in NOBL	Weight in COWS	Overlap
	BEN	C	1.64%	1.8%	1.64%

NOBL Overweight 64 Positions Relative to COWS

Symbol	Grade	Weight
EMR	A	1.81%
GPC	D	1.67%
CINF	A	1.67%
ALB	C	1.66%
DOV	A	1.65%
FAST	B	1.64%
GWW	B	1.64%
CHD	B	1.63%
PNR	A	1.62%
CVX	A	1.62%
CAH	B	1.62%
TROW	B	1.61%
CLX	B	1.61%
ITW	B	1.6%
NUE	C	1.58%
TGT	F	1.58%
BRO	B	1.58%
KVUE	A	1.57%
CTAS	B	1.57%
SHW	A	1.57%
ADP	B	1.56%
ATO	A	1.56%
CHRW	C	1.56%
SPGI	C	1.55%
WMT	A	1.54%
ROP	B	1.54%
APD	A	1.54%
NDSN	B	1.54%
SYY	B	1.54%
XOM	B	1.53%
EXPD	D	1.53%
PG	A	1.53%
ABT	B	1.53%
AFL	B	1.52%
LOW	D	1.52%
ESS	B	1.52%
KMB	D	1.51%
CAT	B	1.51%
FRT	B	1.5%
CB	C	1.49%
PPG	F	1.47%
ECL	D	1.46%
MDT	D	1.46%
MCD	D	1.46%
IBM	C	1.45%
MKC	D	1.44%
CL	D	1.44%
GD	F	1.44%
SJM	D	1.43%
LIN	D	1.43%
JNJ	D	1.43%
HRL	D	1.43%
BDX	F	1.42%
WST	C	1.41%
AOS	F	1.41%
ADM	D	1.41%
NEE	D	1.4%
AMCR	D	1.39%
KO	D	1.39%
PEP	F	1.39%
ED	D	1.37%
O	D	1.36%
ABBV	D	1.33%
SWK	D	1.28%

NOBL Underweight 52 Positions Relative to COWS

Symbol	Grade	Weight
VST	B	-4.0%
SNA	A	-2.95%
OC	A	-2.76%
G	B	-2.68%
CMCSA	B	-2.56%
MRO	B	-2.49%
CF	B	-2.48%
SLB	C	-2.48%
HAL	C	-2.43%
BC	C	-2.42%
FNF	B	-2.35%
FDX	B	-2.31%
EBAY	D	-2.3%
TPR	B	-2.21%
WSM	B	-2.17%
TKR	D	-2.13%
BMY	B	-2.07%
ALSN	B	-2.03%
PARA	C	-2.02%
SM	B	-2.02%
PVH	C	-1.95%
PTEN	C	-1.93%
VLO	C	-1.89%
NXST	C	-1.86%
SWKS	F	-1.84%
BBWI	D	-1.75%
NOV	C	-1.74%
PR	B	-1.74%
MGY	A	-1.73%
MUR	D	-1.72%
MTDR	B	-1.67%
GAP	C	-1.67%
ASO	F	-1.63%
T	A	-1.6%
MCK	B	-1.48%
DVN	F	-1.48%
VNT	B	-1.46%
OLN	D	-1.45%
TMUS	B	-1.43%
DNB	B	-1.43%
AYI	B	-1.4%
BWA	D	-1.37%
CSCO	B	-1.34%
AEO	F	-1.33%
LEA	D	-1.33%
RL	B	-1.29%
OGN	D	-1.29%
OSK	B	-1.27%
INGR	B	-1.25%
IPG	D	-1.23%
SAIC	F	-1.19%
ENS	D	-1.12%