XVOL vs. PPA ETF Comparison

Comparison of Acruence Active Hedge U.S. Equity ETF (XVOL) to PowerShares Aerospace & Defense (PPA)

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

PPA

PowerShares Aerospace & Defense

PPA Description

The PowerShares Aerospace & Defense Portfolio (Fund) is based on the SPADEâ¢ Defense Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$121.04

Average Daily Volume

186,719

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XVOL	PPA
30 Days	9.73%	3.31%
60 Days	10.22%	5.63%
90 Days	11.71%	8.65%
12 Months	36.35%	39.76%

1 Overlapping Holdings

	Symbol	Grade	Weight in XVOL	Weight in PPA	Overlap
	PLTR	B	2.72%	2.72%	2.72%

XVOL Overweight 48 Positions Relative to PPA

Symbol	Grade	Weight
APP	B	4.25%
GFF	A	3.83%
VZ	C	3.7%
TFC	A	2.99%
AXS	A	2.93%
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 47 Positions Relative to PPA

Symbol	Grade	Weight
RTX	C	-7.09%
GE	D	-6.71%
LMT	D	-6.64%
BA	F	-6.23%
NOC	D	-5.36%
GD	F	-4.93%
HON	B	-4.88%
HWM	A	-4.44%
AXON	A	-4.43%
PH	A	-4.28%
LHX	C	-4.07%
TDG	D	-3.35%
ETN	A	-3.16%
LDOS	C	-2.05%
BAH	F	-1.92%
APH	A	-1.91%
HEI	B	-1.83%
TXT	D	-1.74%
CW	B	-1.37%
BWXT	B	-1.36%
CACI	D	-1.26%
HII	D	-1.07%
WWD	B	-0.92%
TDY	B	-0.91%
KBR	F	-0.88%
AVAV	D	-0.84%
ATI	D	-0.81%
SAIC	F	-0.71%
HXL	D	-0.66%
MOG.A	B	-0.66%
KEYS	A	-0.62%
PSN	D	-0.61%
KTOS	B	-0.56%
RKLB	B	-0.56%
SPR	D	-0.51%
AIR	B	-0.35%
MRCY	B	-0.35%
OSK	B	-0.29%
OSIS	B	-0.27%
TGI	B	-0.2%
B	B	-0.19%
IRDM	D	-0.17%
CDRE	D	-0.16%
TTMI	B	-0.16%
DCO	C	-0.14%
AI	B	-0.13%
VSAT	F	-0.1%