XVOL vs. FOVL ETF Comparison

Comparison of Acruence Active Hedge U.S. Equity ETF (XVOL) to iShares Focused Value Factor ETF (FOVL)

XVOL

Acruence Active Hedge U.S. Equity ETF

XVOL Description

Valor Latitude Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.

Grade (RS Rating)

Last Trade

$23.87

Average Daily Volume

2,322

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$74.88

Average Daily Volume

2,260

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XVOL	FOVL
30 Days	9.73%	7.28%
60 Days	10.22%	10.70%
90 Days	11.71%	14.43%
12 Months	36.35%	47.41%

2 Overlapping Holdings

	Symbol	Grade	Weight in XVOL	Weight in FOVL	Overlap
	AXS	A	2.93%	2.59%	2.59%
	VZ	C	3.7%	2.22%	2.22%

XVOL Overweight 47 Positions Relative to FOVL

Symbol	Grade	Weight
APP	B	4.25%
GFF	A	3.83%
TFC	A	2.99%
PLTR	B	2.72%
VST	B	2.7%
WAFD	B	2.58%
CCOI	B	2.55%
TMP	B	2.46%
THG	A	2.37%
NNN	D	2.36%
AVGO	D	2.26%
BBY	D	2.18%
FICO	B	2.06%
KKR	A	2.04%
NTRA	B	1.99%
NRG	B	1.97%
MSI	B	1.9%
WELL	A	1.77%
CTAS	B	1.76%
SWX	B	1.76%
BX	A	1.76%
T	A	1.74%
SPG	B	1.71%
HFWA	B	1.71%
MMM	D	1.71%
USFD	A	1.66%
VTR	C	1.65%
BMY	B	1.64%
WMT	A	1.62%
ORCL	B	1.6%
O	D	1.54%
PKG	A	1.53%
MPLX	A	1.52%
TW	A	1.51%
FNF	B	1.49%
PGR	A	1.48%
WSM	B	1.45%
EFX	F	1.45%
TRV	B	1.43%
GTY	B	1.39%
ORI	A	1.38%
BSX	B	1.36%
ICE	C	1.34%
PEG	A	1.33%
SPGI	C	1.25%
RKT	F	1.19%
PLOW	D	1.17%

XVOL Underweight 38 Positions Relative to FOVL

Symbol	Grade	Weight
FHN	A	-3.04%
DFS	B	-2.92%
MTB	A	-2.85%
NTRS	A	-2.83%
FNB	A	-2.79%
FHB	A	-2.76%
JHG	A	-2.75%
BAC	A	-2.74%
WTM	A	-2.72%
ALK	C	-2.71%
ETR	B	-2.7%
CMA	A	-2.69%
RF	A	-2.68%
USB	A	-2.63%
OZK	B	-2.63%
PNC	B	-2.6%
FITB	A	-2.57%
OGE	B	-2.5%
HPE	B	-2.49%
PNW	B	-2.47%
EVRG	A	-2.44%
CMCSA	B	-2.44%
PRGO	B	-2.42%
MET	A	-2.42%
VOYA	B	-2.38%
D	C	-2.36%
CNA	B	-2.35%
AVT	C	-2.32%
UGI	A	-2.32%
PFG	D	-2.31%
MTG	C	-2.28%
RNR	C	-2.27%
CWEN	C	-2.19%
RPRX	D	-2.18%
BG	F	-2.14%
ADM	D	-2.08%
CRI	D	-1.89%
CNXC	F	-1.81%