VCLN vs. CBLS ETF Comparison

Comparison of Virtus Duff & Phelps Clean Energy ETF (VCLN) to Changebridge Capital Long/Short Equity ETF (CBLS)

VCLN

Virtus Duff & Phelps Clean Energy ETF

VCLN Description

The investment seeks capital appreciation. Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of clean energy companies. The sub-adviser defines clean energy companies as those that derive at least 50% of their value from one or more of the following clean energy businesses: (a) the production of clean energy; (b) the provision of clean energy technology and equipment; or (c) the transmission and distribution of clean energy. It is non-diversified.

Grade (RS Rating)

Last Trade

$18.72

Average Daily Volume

2,393

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CBLS

Changebridge Capital Long/Short Equity ETF

CBLS Description

The investment seeks long-term capital appreciation while minimizing volatility. The Adviser also considers an assessment of a company's ESG attributes in determining the attractiveness of an investment opportunity. In general, the fund's investments are broadly invested over a number of sectors, but it may focus on the technology, consumer, and healthcare sectors. Under normal circumstances, at least 80% of the fund's net assets, plus borrowings for investment purposes, will be invested long or short in equity securities, including common stocks and depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.33

Average Daily Volume

12,878

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VCLN	CBLS
30 Days	12.37%	10.62%
60 Days	14.01%	13.31%
90 Days	9.67%	16.52%
12 Months	-11.41%	23.45%

2 Overlapping Holdings

	Symbol	Grade	Weight in VCLN	Weight in CBLS	Overlap
	GTLS	C	2.26%	2.34%	2.26%
	SEDG	F	1.73%	-1.29%	-1.29%

VCLN Overweight 23 Positions Relative to CBLS

Symbol	Grade	Weight
FSLR	C	8.62%
ENPH	D	6.71%
ED	A	3.31%
NEE	B	3.24%
AES	B	2.77%
ENLC	B	2.63%
XYL	B	2.57%
TEL	A	2.41%
RUN	D	2.39%
GEV	C	2.28%
ABBV	D	2.24%
CWEN	C	2.05%
MP	C	2.02%
SO	A	1.96%
ETR	A	1.71%
CEG	B	1.67%
FLNC	D	1.47%
AY	B	1.33%
HUBB	D	1.22%
NVT	B	1.0%
ARRY	F	0.85%
PLUG	D	0.84%
SHLS	F	0.59%

VCLN Underweight 66 Positions Relative to CBLS

Symbol	Grade	Weight
RDFN	C	-2.85%
HUMA	C	-2.76%
SKY	D	-2.74%
TCOM	A	-2.59%
STRL	C	-2.55%
MU	B	-2.46%
OSW	B	-2.42%
MMYT	B	-2.4%
NVDA	B	-2.38%
ASML	D	-2.37%
AVGO	B	-2.32%
TMDX	B	-2.29%
TDG	C	-2.28%
SN	B	-2.26%
AAPL	B	-2.26%
WTTR	A	-2.25%
MSFT	C	-2.25%
NARI	D	-2.14%
NU	C	-2.14%
LRCX	C	-2.13%
HLX	B	-2.1%
ERJ	B	-2.09%
TSM	B	-2.05%
PANW	C	-2.03%
ECL	B	-2.03%
ICFI	D	-1.99%
BLBD	B	-1.97%
DKNG	C	-1.95%
BKNG	B	-1.85%
DXCM	D	-1.85%
IBN	B	-1.81%
RTX	B	-1.8%
FCX	B	-1.77%
GD	A	-1.71%
CHK	B	-1.7%
FTI	C	-1.59%
BRCC	B	-1.35%
BBY	D	--0.64%
SIG	C	--0.71%
CTVA	C	--0.74%
BGFV	F	--0.75%
INTC	F	--0.89%
BXP	C	--0.89%
APO	B	--0.91%
BC	F	--0.92%
DOOO	D	--0.92%
HOG	D	--0.92%
IBM	D	--0.92%
AVY	B	--0.93%
BX	C	--0.93%
KKR	B	--0.96%
EWBC	C	--0.99%
CMA	B	--1.0%
ZION	B	--1.03%
MTB	B	--1.05%
WAL	C	--1.05%
PAYX	B	--1.14%
MIDD	F	--1.15%
CHH	D	--1.15%
ONON	B	--1.19%
F	D	--1.19%
ENR	C	--1.27%
UTHR	B	--1.27%
SOFI	F	--1.32%
LAD	F	--1.37%
TSLA	D	--2.59%