QQQN vs. XRT ETF Comparison

Comparison of VictoryShares Nasdaq Next 50 ETF (QQQN) to SPDR S&P Retail ETF (XRT)

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

$28.34

Average Daily Volume

48,019

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XRT

SPDR S&P Retail ETF

XRT Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the retail segment of a U.S. total market composite index. In seeking to track the performance of the S&P Retail Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the retail industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$74.18

Average Daily Volume

6,091,731

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQQN	XRT
30 Days	-3.67%	-2.72%
60 Days	-4.42%	-4.11%
90 Days	4.18%	3.99%
12 Months	15.80%	25.34%

3 Overlapping Holdings

Symbol	Grade	Weight in QQQN	Weight in XRT	Overlap
EBAY	C	3.05%	1.44%	1.44%
TSCO	A	3.35%	1.57%	1.57%
ULTA	F	2.24%	1.08%	1.08%

QQQN Overweight 44 Positions Relative to XRT

Symbol	Grade	Weight
SMCI	D	4.1%
MPWR	C	3.73%
ICLR	D	2.88%
WDC	B	2.64%
ALGN	F	2.63%
AXON	A	2.63%
PTC	D	2.45%
STLD	D	2.4%
NTAP	C	2.37%
DKNG	D	2.31%
ENTG	D	2.26%
FSLR	B	2.16%
ALNY	D	2.05%
STX	D	2.04%
HOLX	B	2.02%
VRSN	F	2.01%
EXPE	F	2.01%
CHKP	D	2.0%
TER	A	1.98%
UAL	B	1.96%
JBHT	F	1.9%
SWKS	F	1.89%
ZM	F	1.81%
AKAM	F	1.75%
BSY	B	1.75%
BMRN	F	1.73%
SSNC	C	1.72%
ENPH	F	1.72%
NTNX	C	1.7%
NDSN	C	1.69%
OKTA	D	1.65%
POOL	F	1.61%
VTRS	D	1.56%
BIDU	C	1.54%
SNY	C	1.53%
NBIX	A	1.53%
MANH	F	1.46%
PODD	D	1.32%
INCY	D	1.31%
NWSA	D	1.04%
RIVN	F	0.99%
FOXA	B	0.85%
FOX	B	0.77%
NWS	D	0.54%

QQQN Underweight 74 Positions Relative to XRT

Symbol	Grade	Weight
CVNA	A	-2.01%
BOOT	B	-1.72%
JWN	B	-1.72%
SFM	A	-1.67%
GPI	A	-1.64%
AEO	C	-1.62%
DKS	B	-1.62%
AN	B	-1.61%
DDS	B	-1.57%
ANF	C	-1.55%
AMZN	A	-1.55%
CASY	B	-1.54%
GES	B	-1.51%
AAP	D	-1.51%
COST	C	-1.49%
SIG	C	-1.48%
HIBB	A	-1.48%
BJ	C	-1.47%
OLLI	C	-1.47%
BKE	D	-1.47%
PAG	D	-1.47%
TJX	C	-1.46%
ACI	D	-1.46%
WMT	C	-1.46%
GPS	D	-1.46%
ABG	F	-1.46%
GO	F	-1.46%
KR	C	-1.45%
VVV	B	-1.44%
VSCO	F	-1.44%
BBWI	C	-1.44%
AZO	D	-1.41%
WRBY	D	-1.41%
URBN	D	-1.4%
MUSA	D	-1.4%
RVLV	D	-1.4%
TGT	D	-1.37%
BBY	D	-1.36%
ORLY	D	-1.36%
CHWY	F	-1.33%
KSS	F	-1.33%
M	C	-1.33%
FL	F	-1.3%
ROST	D	-1.29%
LAD	F	-1.28%
GME	C	-1.28%
DG	D	-1.28%
SBH	F	-1.26%
ODP	C	-1.25%
BURL	D	-1.25%
WBA	F	-1.22%
KMX	F	-1.22%
PSMT	A	-1.22%
ETSY	F	-1.21%
ASO	D	-1.21%
DLTR	D	-1.19%
SAH	B	-1.13%
DBI	D	-1.1%
CAL	D	-1.1%
EYE	D	-1.09%
CWH	F	-1.07%
MNRO	F	-1.04%
FIVE	F	-1.03%
WINA	C	-0.96%
LESL	F	-0.82%
HZO	F	-0.73%
GRPN	F	-0.62%
WMK	D	-0.58%
IMKTA	F	-0.56%
SCVL	B	-0.53%
CRMT	F	-0.5%
GCO	F	-0.32%
QRTEA	D	-0.16%
ARKO	F	-0.11%