VCAR vs. BULZ ETF Comparison

Comparison of Simplify Volt RoboCar Disruption and Tech ETF (VCAR) to MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ)

VCAR

Simplify Volt RoboCar Disruption and Tech ETF

VCAR Description

The Simplify Volt Robocar Disruption and Tech ETF is not just another thematic investment product. VCAR is designed to concentrate in those few disruptive companies poised to dominate autonomous driving and then enhance the concentrated exposures with options. With our partner Volt Equity our investment process begins with a first principles approach to identify those few companies poised to lead the disruption. We then deploy a sophisticated option overlay to create convexity in the portfolio to enhance the upside while improving drawdowns.

Grade (RS Rating)

Last Trade

$10.13

Average Daily Volume

2,819

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

$133.53

Average Daily Volume

137,484

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VCAR	BULZ
30 Days	4.96%	13.90%
60 Days	-2.15%	2.78%
90 Days	-0.12%	4.93%
12 Months	28.03%	176.06%

12 Overlapping Holdings

Symbol	Grade	Weight in VCAR	Weight in BULZ	Overlap
AAPL	B	3.25%	6.67%	3.25%
ADBE	F	0.08%	6.67%	0.08%
AMD	D	15.02%	6.67%	6.67%
AMZN	C	4.06%	6.67%	4.06%
INTC	F	1.46%	6.67%	1.46%
META	D	2.5%	6.67%	2.5%
MSFT	B	7.51%	6.67%	6.67%
MU	B	0.87%	6.67%	0.87%
NFLX	C	0.96%	6.67%	0.96%
NVDA	B	17.7%	6.67%	6.67%
QCOM	B	0.12%	6.67%	0.12%
TSLA	D	5.74%	6.67%	5.74%

VCAR Overweight 54 Positions Relative to BULZ

Symbol	Grade	Weight
SQ	D	4.73%
ASML	D	4.61%
LMND	C	4.21%
GOOG	B	3.66%
ADI	A	1.9%
DIS	D	1.06%
LRCX	C	0.74%
COST	A	0.6%
KLAC	A	0.58%
SNPS	C	0.53%
CRWD	C	0.51%
AUR	C	0.49%
AMKR	C	0.46%
MRVL	D	0.43%
ADSK	F	0.41%
NXPI	A	0.41%
RIO	B	0.35%
BHP	D	0.34%
VALE	D	0.31%
GFS	D	0.31%
MCHP	B	0.29%
SQM	D	0.28%
ALB	D	0.24%
ARBE	F	0.23%
TXN	A	0.2%
PAYX	B	0.2%
VRSN	F	0.18%
ANSS	D	0.18%
HPQ	C	0.17%
RIVN	F	0.15%
VZ	C	0.13%
DE	C	0.12%
MCO	B	0.12%
PEP	B	0.12%
TSM	B	0.12%
KO	B	0.12%
CDNS	D	0.11%
NIO	D	0.11%
PG	B	0.11%
AXP	B	0.1%
AMGN	B	0.1%
CTSH	F	0.09%
SWKS	F	0.09%
C	A	0.09%
CSCO	D	0.08%
BK	A	0.08%
LCID	D	0.07%
INTU	C	0.07%
AMAT	A	0.06%
PYPL	D	0.05%
PANW	C	0.03%
FTNT	F	0.02%
TEAM	F	0.01%
DDOG	D	0.01%

VCAR Underweight 3 Positions Relative to BULZ

Symbol	Grade	Weight
CRM	D	-6.67%
GOOGL	B	-6.67%
AVGO	A	-6.67%