XTN vs. NIXT ETF Comparison

Comparison of SPDR S&P Transportation ETF (XTN) to Research Affiliates Deletions ETF (NIXT)

XTN

SPDR S&P Transportation ETF

XTN Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the transportation segment of a U.S. total market composite index. In seeking to track the performance of the S&P Transportation Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the transportation industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$91.39

Average Daily Volume

32,641

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NIXT

Research Affiliates Deletions ETF

NIXT Description

The index consists of U.S. equity securities of micro-, small- and mid- capitalization companies that are believed to be value stocks. Under normal circumstances, at least 80% of the fund"s total assets (exclusive of collateral held from securities lending) will be invested in U.S. equity securities of micro-, small- and mid- companies.

Grade (RS Rating)

Last Trade

$26.82

Average Daily Volume

42,775

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

Performance

Period	XTN	NIXT
30 Days	8.53%	2.60%
60 Days	14.98%	2.78%
90 Days	16.72%
12 Months	25.00%

5 Overlapping Holdings

Symbol	Grade	Weight in XTN	Weight in NIXT	Overlap
CAR	C	3.18%	0.61%	0.61%
CHRW	B	2.54%	0.95%	0.95%
HTZ	C	0.97%	0.49%	0.49%
JBLU	F	2.73%	0.68%	0.68%
SNDR	B	2.45%	0.94%	0.94%

XTN Overweight 37 Positions Relative to NIXT

Symbol	Grade	Weight
UAL	A	4.14%
LYFT	C	3.6%
DAL	B	3.27%
SKYW	C	3.23%
XPO	B	3.1%
AAL	B	3.04%
ALK	B	2.89%
SAIA	B	2.86%
MATX	C	2.83%
R	B	2.73%
GXO	B	2.68%
ODFL	C	2.64%
LUV	C	2.58%
KEX	B	2.49%
JBHT	C	2.49%
JOBY	B	2.48%
ARCB	C	2.45%
WERN	C	2.45%
NSC	B	2.45%
RXO	D	2.44%
CSX	C	2.42%
KNX	C	2.41%
UPS	C	2.38%
LSTR	D	2.34%
FDX	B	2.33%
EXPD	C	2.28%
UBER	F	2.25%
HUBG	A	2.21%
UNP	C	2.16%
ALGT	B	2.12%
GNK	D	1.2%
FWRD	D	1.17%
SNCY	C	1.14%
ATSG	B	1.07%
MRTN	D	0.79%
UHAL	D	0.66%
HTLD	C	0.49%

XTN Underweight 132 Positions Relative to NIXT

Symbol	Grade	Weight
LUMN	C	-4.72%
TDS	B	-1.23%
LBRDK	C	-1.21%
LITE	B	-1.2%
DNLI	D	-1.18%
FTDR	B	-1.12%
SIRI	C	-1.12%
OMCL	C	-1.1%
AFRM	A	-1.09%
HBI	B	-1.06%
ACIW	B	-1.01%
VNO	C	-1.0%
VFC	C	-0.99%
BFH	C	-0.96%
SLG	B	-0.95%
GEN	B	-0.92%
BKU	A	-0.9%
UAA	C	-0.86%
MAC	B	-0.85%
CMA	B	-0.84%
SHC	F	-0.84%
LOPE	C	-0.81%
DEI	B	-0.81%
EQH	C	-0.8%
BIO	C	-0.8%
LNC	C	-0.8%
SMTC	B	-0.79%
MKTX	D	-0.79%
FHB	B	-0.79%
NRG	B	-0.78%
BXP	C	-0.78%
AMBA	B	-0.78%
SABR	C	-0.77%
FNF	B	-0.76%
PNW	A	-0.76%
RL	C	-0.76%
UHS	D	-0.75%
CCOI	B	-0.75%
REG	A	-0.75%
PNM	B	-0.75%
PAYC	B	-0.75%
MP	C	-0.75%
HIW	C	-0.75%
ELS	C	-0.74%
MSGS	A	-0.74%
TNL	A	-0.74%
RNG	C	-0.74%
JWN	D	-0.74%
FL	F	-0.73%
DBX	B	-0.73%
DXC	B	-0.72%
SGRY	F	-0.72%
TFSL	A	-0.72%
CRUS	D	-0.72%
RIVN	F	-0.72%
YETI	D	-0.71%
OGS	A	-0.71%
KMX	B	-0.7%
OUT	A	-0.7%
NWL	C	-0.7%
MASI	B	-0.7%
VYX	B	-0.7%
ZD	B	-0.69%
SAM	C	-0.69%
EPR	C	-0.68%
AVT	C	-0.67%
CNA	C	-0.67%
PINC	B	-0.67%
EMN	C	-0.66%
FRT	B	-0.66%
ALE	A	-0.66%
VIR	D	-0.66%
JKHY	D	-0.65%
GAP	C	-0.65%
CTLT	C	-0.65%
EQC	B	-0.65%
APLE	B	-0.65%
NVST	B	-0.64%
HE	C	-0.63%
JBGS	F	-0.63%
HAS	D	-0.62%
MTCH	D	-0.61%
HAE	C	-0.61%
PARA	C	-0.61%
IAC	F	-0.61%
AMED	F	-0.6%
NEU	D	-0.6%
ASAN	B	-0.59%
CABO	B	-0.59%
ALLY	C	-0.59%
SPR	D	-0.59%
HLF	C	-0.58%
HST	C	-0.58%
ARWR	D	-0.58%
VAC	C	-0.58%
TFX	F	-0.57%
FMC	D	-0.57%
PK	C	-0.57%
NGVT	B	-0.55%
HP	C	-0.55%
NOMD	D	-0.55%
AZTA	D	-0.54%
RAMP	B	-0.54%
NOV	C	-0.54%
IART	C	-0.52%
BMBL	C	-0.52%
LCID	F	-0.51%
ENOV	C	-0.51%
MOS	F	-0.5%
ZI	D	-0.5%
PLUG	F	-0.5%
CBRL	C	-0.48%
ACLS	F	-0.48%
KSS	F	-0.47%
ETSY	D	-0.47%
NTLA	F	-0.47%
CRI	F	-0.46%
NSP	F	-0.45%
MQ	D	-0.45%
AEO	F	-0.45%
BBWI	C	-0.43%
HELE	C	-0.43%
MRVI	F	-0.42%
LEG	F	-0.4%
XRX	F	-0.4%
CVI	F	-0.37%
XRAY	F	-0.36%
QRVO	F	-0.34%
TRIP	F	-0.33%
SVC	F	-0.29%
SAGE	F	-0.25%
AGL	F	-0.21%