BOUT vs. PSWD ETF Comparison

Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to Xtrackers Cybersecurity Select Equity ETF (PSWD)

BOUT

Innovator IBD Breakout Opportunities ETF

BOUT Description

The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.

Grade (RS Rating)

Last Trade

$40.11

Average Daily Volume

2,896

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSWD

Xtrackers Cybersecurity Select Equity ETF

PSWD Description

The fund, using a "passive" or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the underlying index, which is comprised of companies that have business operations in the field of cybersecurity and that fulfill certain sustainability criteria. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.03

Average Daily Volume

213

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOUT	PSWD
30 Days	5.31%	-0.27%
60 Days	7.27%	2.99%
90 Days	8.87%	3.76%
12 Months	29.78%	23.19%

3 Overlapping Holdings

Symbol	Grade	Weight in BOUT	Weight in PSWD	Overlap
DT	D	2.49%	1.93%	1.93%
IDCC	B	4.01%	2.39%	2.39%
VRNS	D	2.61%	3.89%	2.61%

BOUT Overweight 41 Positions Relative to PSWD

Symbol	Grade	Weight
PACS	F	4.48%
MS	B	4.47%
LBRDK	C	4.44%
NEM	D	4.42%
VIK	B	4.39%
EXPE	B	4.28%
EQIX	A	4.25%
AHR	A	4.24%
ETN	B	3.82%
SPGI	D	3.81%
EQH	B	3.78%
CRM	B	3.73%
BAH	F	3.73%
DVA	C	3.71%
PGR	B	3.63%
CRDO	C	2.87%
ULS	C	2.59%
IR	B	2.49%
NMIH	C	2.44%
ONON	B	2.35%
COLL	F	2.23%
TSM	C	1.31%
TBBK	B	1.28%
NOW	B	1.27%
CDNA	D	1.24%
SCCO	F	1.22%
SN	D	1.2%
TCOM	B	1.14%
BEKE	C	1.06%
ROAD	B	0.45%
AXON	A	0.43%
TPH	D	0.42%
IBKR	A	0.42%
CWAN	B	0.42%
AVGO	D	0.42%
ALKT	B	0.42%
GMED	A	0.41%
CORT	B	0.41%
ACGL	D	0.4%
PLMR	A	0.39%
JD	D	0.38%

BOUT Underweight 26 Positions Relative to PSWD

Symbol	Grade	Weight
QLYS	C	-5.26%
FTNT	B	-5.14%
CRWD	B	-5.04%
ZS	C	-4.89%
S	C	-4.75%
PANW	A	-4.75%
CYBR	A	-4.56%
OKTA	D	-4.39%
CHKP	C	-3.8%
TENB	D	-3.1%
RPD	C	-2.27%
ALRM	C	-2.18%
FFIV	A	-2.11%
DXC	C	-2.07%
DDOG	A	-2.05%
AKAM	F	-1.66%
YOU	D	-1.57%
NTCT	C	-1.42%
GDS	C	-1.16%
FSLY	F	-1.0%
ATEN	A	-0.98%
OSPN	A	-0.64%
SWI	B	-0.61%
RDWR	B	-0.32%
CHGX	B	-0.3%
BUG	B	-0.01%