QOWZ vs. BULZ ETF Comparison

Comparison of Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) to MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ)

QOWZ

Invesco Nasdaq Free Cash Flow Achievers ETF

QOWZ Description

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. compiles, maintains and calculates the underlying index, which is designed to track the performance of U.S.-listed companies with continuous and stable growth in free cash flow. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.32

Average Daily Volume

2,108

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BULZ

MicroSectors FANG & Innovation 3x Leveraged ETN

BULZ Description

BULZ provides daily 3x exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged product with 3x factor that resets daily, BULZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Grade (RS Rating)

Last Trade

$161.85

Average Daily Volume

95,553

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QOWZ	BULZ
30 Days	3.80%	9.66%
60 Days	7.72%	20.07%
90 Days	8.56%	17.72%
12 Months		81.85%

5 Overlapping Holdings

Symbol	Grade	Weight in QOWZ	Weight in BULZ	Overlap
ADBE	C	2.95%	6.67%	2.95%
AVGO	D	5.52%	6.67%	5.52%
CRM	B	4.24%	6.67%	4.24%
META	D	6.8%	6.67%	6.67%
NVDA	B	11.22%	6.67%	6.67%

QOWZ Overweight 45 Positions Relative to BULZ

Symbol	Grade	Weight
UNH	B	4.62%
MA	B	4.45%
NOW	A	3.38%
INTU	B	3.05%
TMO	F	2.73%
ADP	A	2.55%
FTNT	C	2.24%
CTAS	B	2.22%
MAR	A	2.22%
COF	C	2.16%
APH	A	2.12%
CDNS	B	2.11%
FICO	B	2.04%
KMI	A	2.0%
RSG	A	1.85%
KLAC	F	1.83%
ROP	B	1.78%
PAYX	B	1.78%
FAST	B	1.78%
WBD	B	1.27%
MCHP	F	1.26%
TDY	B	1.25%
NVR	D	1.22%
PTC	B	1.22%
ROL	B	1.21%
WST	C	1.21%
MTD	F	1.16%
OC	A	1.09%
MANH	D	1.08%
MKC	C	1.06%
VRSN	C	1.05%
AYI	B	0.96%
POOL	C	0.94%
RMBS	B	0.75%
BECN	B	0.74%
QLYS	B	0.73%
THO	B	0.67%
WTS	B	0.66%
LFUS	D	0.64%
CVCO	A	0.59%
PRGS	A	0.54%
TTGT	B	0.33%
RDUS	B	0.28%
SLP	D	0.24%
DLHC	F	0.11%

QOWZ Underweight 10 Positions Relative to BULZ

Symbol	Grade	Weight
MSFT	D	-6.67%
MU	D	-6.67%
INTC	C	-6.67%
GOOGL	C	-6.67%
TSLA	B	-6.67%
QCOM	F	-6.67%
AMZN	C	-6.67%
AMD	F	-6.67%
AAPL	C	-6.67%
NFLX	A	-6.67%