SMRI vs. XLV ETF Comparison

Comparison of Bushido Capital US Equity ETF (SMRI) to SPDR Select Sector Fund - Health Care (XLV)

SMRI

Bushido Capital US Equity ETF

SMRI Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the fund"s net assets (plus the amount of any borrowings for investment purposes) in U.S. listed common stock.

Grade (RS Rating)

Last Trade

$33.97

Average Daily Volume

5,628

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XLV

SPDR Select Sector Fund - Health Care

XLV Description

The investment seeks investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Health Care Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: pharmaceuticals; health care equipment & supplies; health care providers & services; biotechnology; life sciences tools & services; and health care technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$145.15

Average Daily Volume

6,881,841

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMRI	XLV
30 Days	10.48%	-4.16%
60 Days	9.99%	-6.63%
90 Days	11.21%	-6.92%
12 Months	34.42%	12.28%

9 Overlapping Holdings

Symbol	Grade	Weight in SMRI	Weight in XLV	Overlap
AMGN	D	1.68%	2.95%	1.68%
CAH	B	2.04%	0.56%	0.56%
CI	F	1.71%	1.73%	1.71%
CNC	D	1.46%	0.59%	0.59%
COR	B	2.0%	0.81%	0.81%
ELV	F	1.43%	1.76%	1.43%
MCK	B	2.34%	1.54%	1.54%
MOH	F	1.64%	0.33%	0.33%
MRK	F	1.58%	4.71%	1.58%

SMRI Overweight 41 Positions Relative to XLV

Symbol	Grade	Weight
APP	B	4.07%
DAL	C	2.56%
DOCU	A	2.55%
EXPE	B	2.33%
SNA	A	2.33%
VST	B	2.32%
EPAM	C	2.28%
BKNG	A	2.22%
ZM	B	2.2%
PCAR	B	2.16%
EME	C	2.14%
JBL	B	2.11%
HPE	B	2.1%
GEN	B	2.07%
OC	A	2.07%
CVX	A	2.04%
FFIV	B	2.03%
PYPL	B	2.03%
PAYX	C	2.03%
UTHR	C	2.0%
EG	C	1.97%
EOG	A	1.97%
VLO	C	1.94%
NRG	B	1.93%
ABNB	C	1.91%
XOM	B	1.91%
BWA	D	1.89%
SLB	C	1.87%
FANG	D	1.84%
NUE	C	1.81%
QCOM	F	1.81%
LKQ	D	1.79%
MPC	D	1.79%
NTAP	C	1.79%
DVN	F	1.78%
NVR	D	1.76%
LEN	D	1.71%
BLD	D	1.68%
BG	F	1.68%
PHM	D	1.68%
WSM	B	1.59%

SMRI Underweight 52 Positions Relative to XLV

Symbol	Grade	Weight
LLY	F	-11.35%
UNH	C	-10.59%
JNJ	D	-7.04%
ABBV	D	-5.66%
ABT	B	-3.85%
TMO	F	-3.74%
ISRG	A	-3.67%
DHR	F	-2.86%
PFE	D	-2.7%
BSX	B	-2.53%
SYK	C	-2.52%
BMY	B	-2.24%
VRTX	F	-2.22%
GILD	C	-2.11%
MDT	D	-2.06%
ZTS	D	-1.52%
REGN	F	-1.51%
CVS	D	-1.36%
BDX	F	-1.23%
HCA	F	-1.18%
EW	C	-0.8%
GEHC	F	-0.74%
A	D	-0.72%
HUM	C	-0.68%
RMD	C	-0.68%
IDXX	F	-0.66%
IQV	D	-0.64%
DXCM	D	-0.58%
MTD	D	-0.47%
WST	C	-0.43%
BIIB	F	-0.43%
ZBH	C	-0.42%
WAT	B	-0.41%
STE	F	-0.4%
LH	C	-0.38%
PODD	C	-0.36%
HOLX	D	-0.35%
DGX	A	-0.34%
BAX	D	-0.32%
VTRS	A	-0.3%
ALGN	D	-0.3%
RVTY	F	-0.26%
MRNA	F	-0.24%
INCY	C	-0.22%
UHS	D	-0.22%
TECH	D	-0.21%
CTLT	B	-0.2%
CRL	C	-0.19%
HSIC	B	-0.18%
SOLV	C	-0.18%
TFX	F	-0.17%
DVA	B	-0.14%