VCAR vs. FEPI ETF Comparison

Comparison of Simplify Volt RoboCar Disruption and Tech ETF (VCAR) to REX FANG & Innovation Equity Premium Income ETF (FEPI)

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

$10.19

Average Daily Volume

2,759

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FEPI

REX FANG & Innovation Equity Premium Income ETF

FEPI Description

FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.

Grade (RS Rating)

Last Trade

$55.02

Average Daily Volume

110,148

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VCAR	FEPI
30 Days	3.28%	3.92%
60 Days	-0.70%	4.56%
90 Days	0.46%	4.14%
12 Months	32.75%

12 Overlapping Holdings

Symbol	Grade	Weight in VCAR	Weight in FEPI	Overlap
AAPL	B	3.25%	6.98%	3.25%
ADBE	F	0.08%	6.61%	0.08%
AMD	D	15.02%	6.6%	6.6%
AMZN	C	4.06%	6.79%	4.06%
INTC	F	1.46%	5.53%	1.46%
META	D	2.5%	6.18%	2.5%
MSFT	C	7.51%	6.48%	6.48%
MU	B	0.87%	7.04%	0.87%
NFLX	B	0.96%	6.9%	0.96%
NVDA	B	17.7%	7.48%	7.48%
PANW	C	0.03%	6.86%	0.03%
TSLA	D	5.74%	7.49%	5.74%

VCAR Overweight 54 Positions Relative to FEPI

Symbol	Grade	Weight
SQ	D	4.73%
ASML	D	4.61%
LMND	C	4.21%
GOOG	A	3.66%
ADI	B	1.9%
DIS	D	1.06%
LRCX	C	0.74%
COST	B	0.6%
KLAC	B	0.58%
SNPS	C	0.53%
CRWD	C	0.51%
AUR	D	0.49%
AMKR	C	0.46%
MRVL	C	0.43%
ADSK	F	0.41%
NXPI	B	0.41%
RIO	A	0.35%
BHP	C	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%
QCOM	B	0.12%
DE	D	0.12%
MCO	A	0.12%
PEP	B	0.12%
TSM	B	0.12%
KO	A	0.12%
CDNS	D	0.11%
NIO	D	0.11%
PG	A	0.11%
AXP	B	0.1%
AMGN	B	0.1%
CTSH	F	0.09%
SWKS	F	0.09%
C	A	0.09%
CSCO	F	0.08%
BK	A	0.08%
LCID	D	0.07%
INTU	B	0.07%
AMAT	B	0.06%
PYPL	D	0.05%
FTNT	F	0.02%
TEAM	F	0.01%
DDOG	D	0.01%

VCAR Underweight 3 Positions Relative to FEPI

Symbol	Grade	Weight
GOOGL	A	-6.93%
AVGO	B	-6.92%
CRM	D	-6.51%