SHLD vs. ETEC ETF Comparison

Comparison of Global X Defense Tech ETF (SHLD) to iShares Breakthrough Environmental Solutions ETF (ETEC)

SHLD

Global X Defense Tech ETF

SHLD Description

The investment seeks to provide investment results that track the performance of the Nasdaq Yewno Aerospace & Defense IndexTM before fees and expenses. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities of companies in the index that are tied to the protection of national security interests of the United States. From the universe of eligible securities, the index identifies the top 50 eligible companies ranked by total outstanding contracts relating to the protection of U.S. national security interests, and projected revenue amounts.

Grade (RS Rating)

Last Trade

$32.98

Average Daily Volume

35,482

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

ETEC

iShares Breakthrough Environmental Solutions ETF

ETEC Description

ETEC provides exposure to global equities categorized as emerging green technology. Selection begins with the initial index universe that then excludes companies involved in controversial issues against UNGC principles. Stocks are reviewed to meet revenue derived from eight sustainable themes: energy efficiency, green buildings and transportation, pollution prevention and reduction, renewable energy, resource efficiency technologies and services, water, and sustainable agriculture, food, and forestry. The fund excludes companies with total sustainable product revenue less than 25%. The remaining stocks are screened further to only include companies classified as green technologies. Stocks are scored within the Rogers innovation adoption curve to determine their position across the innovators-laggards spectrum, which contributes to an aggregate score. The top 50 companies with the highest aggregate scores are selected. The market cap-weighted index is reconstituted annually in December and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$20.91

Average Daily Volume

269

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

Performance

Period	SHLD	ETEC
30 Days	-0.95%	-3.82%
60 Days	6.54%	1.58%
90 Days	16.72%	3.16%
12 Months		-11.91%

0 Overlapping Holdings

	Symbol	Grade	Weight in SHLD	Weight in ETEC	Overlap

SHLD Overweight 7 Positions Relative to ETEC

	Symbol	Grade	Weight
	RTX	A	7.9%
	GD	B	7.44%
	NOC	A	6.66%
	LMT	A	6.6%
	LDOS	A	4.52%
	HII	C	4.49%
	LHX	A	4.19%

SHLD Underweight 13 Positions Relative to ETEC

	Symbol	Grade	Weight
	BWA	B	-6.39%
	OLED	D	-5.79%
	FSLR	A	-4.05%
	TSLA	D	-4.02%
	XYL	A	-3.19%
	ENPH	D	-3.16%
	NIO	F	-2.2%
	XPEV	F	-2.14%
	SEDG	F	-2.04%
	LI	F	-2.02%
	PLUG	F	-1.4%
	LCID	F	-1.14%
	DQ	F	-0.88%

SHLD: Top Represented Industries & Keywords

Industries: Aerospace & Defense Communication Equipment Information Technology Services

Keywords: S&P 500 Aerospace Communications Systems National Security Space Systems Aerospace Systems Aviation Avionics Business Aviation Combat Systems Electronic Systems Information Technology Solutions Mission Systems Navy Northrop Grumman Radar Technology Products Technology Solutions United States Navy Aerostructure

ETEC: Top Represented Industries & Keywords

Industries: Auto Manufacturers Semiconductor Equipment & Materials Solar Auto Parts Diversified Industrials Electronic Components

Keywords: Electric Vehicle S&P 500 Transport Cars Motor Vehicles Photovoltaics Nasdaq 100 Photovoltaic System Solar Power Alternative Energy Automotive Manufacturers Electromagnetism Inverter Systems Inverters Power Systems Powertrain Renewable Energy Solar Panel Solar Power Systems Sport Utility Vehicle