QQQN vs. SPRX ETF Comparison

Comparison of VictoryShares Nasdaq Next 50 ETF (QQQN) to Spear Alpha ETF (SPRX)

QQQN

VictoryShares Nasdaq Next 50 ETF

QQQN Description

The investment seeks to provide investment results that track the performance of the Nasdaq Q-50 Index before fees and expenses. The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is composed of the 50 largest nonfinancial domestic and international companies listed on The Nasdaq Stock Market based on market capitalization after excluding the companies included in the Nasdaq-100 Index.

Grade (RS Rating)

Last Trade

$31.65

Average Daily Volume

6,312

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPRX

Spear Alpha ETF

SPRX Description

SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.

Grade (RS Rating)

Last Trade

$26.18

Average Daily Volume

23,859

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQQN	SPRX
30 Days	3.53%	1.34%
60 Days	4.80%	9.38%
90 Days	10.05%	10.37%
12 Months	35.21%	33.89%

1 Overlapping Holdings

	Symbol	Grade	Weight in QQQN	Weight in SPRX	Overlap
	TER	F	1.98%	4.99%	1.98%

QQQN Overweight 48 Positions Relative to SPRX

Symbol	Grade	Weight
APP	B	4.61%
ALNY	D	3.68%
MSTR	B	3.64%
MPWR	F	3.59%
AXON	A	3.25%
TSCO	D	3.07%
EBAY	D	3.03%
NTAP	C	2.37%
UAL	A	2.36%
CHKP	C	2.26%
ICLR	D	2.26%
WDC	F	2.23%
TCOM	B	2.22%
PTC	B	2.16%
STX	D	2.12%
FSLR	F	2.01%
STLD	B	1.94%
EXPE	B	1.92%
ZM	B	1.86%
ZBRA	B	1.86%
HOLX	D	1.84%
SSNC	C	1.81%
ARGX	A	1.77%
VRSN	D	1.77%
JBHT	C	1.74%
DKNG	B	1.73%
ULTA	F	1.68%
GEN	B	1.61%
MANH	D	1.61%
LNT	A	1.55%
ENTG	F	1.52%
AKAM	F	1.52%
UTHR	C	1.52%
ALGN	D	1.51%
SNY	F	1.51%
SWKS	F	1.48%
NTNX	B	1.45%
NTRA	A	1.43%
NDSN	C	1.39%
BSY	D	1.39%
CPB	D	1.37%
BMRN	F	1.3%
BNTX	D	1.06%
ENPH	F	1.04%
NWSA	A	0.95%
FOXA	B	0.92%
FOX	A	0.88%
NWS	B	0.51%

QQQN Underweight 27 Positions Relative to SPRX

Symbol	Grade	Weight
NVDA	A	-13.96%
S	C	-9.02%
MRVL	B	-7.22%
TSLA	B	-7.18%
ZS	C	-6.18%
DDOG	A	-4.94%
NET	B	-4.79%
CEG	C	-4.65%
CRDO	C	-3.42%
ANET	D	-3.39%
AMD	F	-3.34%
ON	F	-2.97%
WOLF	F	-2.83%
SHOP	B	-2.72%
CFLT	B	-2.42%
GTLB	B	-2.12%
COHR	B	-1.96%
AMKR	F	-1.75%
APH	B	-1.38%
GEV	A	-1.13%
CRWD	B	-1.08%
SNOW	C	-0.97%
NRG	B	-0.76%
MU	D	-0.43%
PANW	A	-0.2%
RIO	D	-0.0%
ROK	B	-0.0%