ARVR vs. CBLS ETF Comparison

Comparison of First Trust Indxx Metaverse ETF (ARVR) to Changebridge Capital Long/Short Equity ETF (CBLS)
ARVR

First Trust Indxx Metaverse ETF

ARVR Description

The investment seeks to provide investment results that, before fees and expenses, track the price return performance of the EQM Tactile AR/VR Virtual Technology Index. The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that are expected to benefit from the increased adoption of augmented reality ("AR") and virtual reality ("VR") technologies. The fund will concentrate its investments in a particular industry or group of industries to approximately the same extent that the index concentrates in an industry or group of industries. It is non-diversified.

Grade (RS Rating)

Last Trade

$38.67

Average Daily Volume

1,681

Number of Holdings *

23

* 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

$26.78

Average Daily Volume

2,122

Number of Holdings *

63

* may have additional holdings in another (foreign) market
Performance
Period ARVR CBLS
30 Days 4.17% 4.21%
60 Days 5.22% 5.17%
90 Days 5.43% 4.99%
12 Months 18.55% 35.40%
2 Overlapping Holdings
Symbol Grade Weight in ARVR Weight in CBLS Overlap
INTC D 3.25% 2.91% 2.91%
NVDA C 3.26% 3.31% 3.26%
ARVR Overweight 21 Positions Relative to CBLS
Symbol Grade Weight
RBLX C 3.79%
TTWO A 3.58%
ZM B 3.55%
EA A 3.52%
NFLX A 3.49%
APH A 3.38%
TSM B 3.1%
ADBE C 3.1%
MSFT F 3.09%
TXN C 3.08%
SNAP C 3.08%
AAPL C 3.04%
SNPS B 3.03%
SONY B 2.98%
QCOM F 2.95%
META D 2.94%
MU D 2.82%
AMD F 2.54%
MCHP D 2.52%
TDOC C 1.18%
U C 1.01%
ARVR Underweight 61 Positions Relative to CBLS
Symbol Grade Weight
LNG B -3.31%
WTTR B -3.07%
AMZN C -2.83%
GTLS B -2.81%
MGNI A -2.76%
WMT A -2.75%
SKY A -2.73%
BWXT B -2.7%
COST B -2.64%
ORCL B -2.62%
STRL B -2.54%
CCL B -2.49%
RDDT B -2.45%
OSW A -2.43%
IBN C -2.38%
ECL D -2.32%
GD F -2.32%
NARI C -2.3%
RTX C -2.29%
ROL B -2.28%
D C -2.24%
AER B -2.24%
VST B -2.23%
SO D -2.23%
NEE D -2.12%
ERJ B -2.12%
HUMA F -2.11%
SCHW B -2.08%
MC C -1.98%
ETR B -1.93%
SCI B -1.92%
DELL C -1.91%
TDG D -1.78%
CRSP D -0.86%
KLG C --0.49%
KDP D --0.5%
POST C --0.5%
GIS D --0.51%
PEP F --0.51%
DOOO F --0.9%
TTC D --0.93%
R B --0.95%
GIII D --0.97%
PFE D --1.06%
SIG B --1.07%
JNJ D --1.1%
MRNA F --1.15%
MIDD C --1.16%
ROK B --1.17%
ENR B --1.19%
AME A --1.2%
NVO D --1.3%
LLY F --1.37%
F C --1.41%
DE A --1.45%
HELE C --1.71%
HSY F --1.75%
VSAT F --1.75%
GOGO C --1.77%
NOW A --1.8%
TSLA B --2.63%
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