CBSE vs. XBI ETF Comparison

Comparison of Changebridge Capital Sustainable Equity ETF (CBSE) to SPDR S&P Biotech ETF (XBI)

CBSE

Changebridge Capital Sustainable Equity ETF

CBSE Description

The investment seeks capital appreciation and lower volatility than the broader market. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing securities Changebridge Capital, LLC, the fund's investment adviser, believes to have above-average financial characteristics and growth potential that exhibit positive ESG attributes. Under normal circumstances, it will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities, including common stocks and depositary receipts, of sustainable companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.06

Average Daily Volume

2,813

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XBI

SPDR S&P Biotech ETF

XBI 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 biotechnology segment of a U.S. total market composite index. In seeking to track the performance of the S&P Biotechnology 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 biotechnology industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$96.96

Average Daily Volume

7,490,723

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

Performance

Period	CBSE	XBI
30 Days	6.98%	-2.37%
60 Days	8.24%	-4.18%
90 Days	10.01%	-0.81%
12 Months	47.23%	36.58%

1 Overlapping Holdings

	Symbol	Grade	Weight in CBSE	Weight in XBI	Overlap
	HUMA	F	2.47%	0.19%	0.19%

CBSE Overweight 32 Positions Relative to XBI

Symbol	Grade	Weight
SCI	B	3.58%
OSW	B	3.39%
LNG	B	3.31%
ERJ	B	3.27%
ICFI	C	3.22%
SKY	B	3.15%
IBN	C	3.15%
ROL	C	3.03%
DELL	C	3.03%
TDG	D	3.0%
RDFN	D	3.0%
SPOT	A	2.97%
AMD	F	2.83%
BWXT	B	2.76%
PCT	C	2.75%
GTLS	B	2.64%
PDD	F	2.61%
NARI	C	2.56%
BA	F	2.5%
AMZN	A	2.38%
BABA	D	2.38%
D	D	2.3%
SO	D	2.24%
NEE	D	2.18%
OKLO	B	2.13%
NEM	F	2.05%
WTTR	B	2.02%
CCL	B	2.01%
STRL	B	1.96%
VST	B	1.9%
ETR	B	1.87%
PL	B	1.24%

CBSE Underweight 127 Positions Relative to XBI

Symbol	Grade	Weight
INCY	B	-3.15%
UTHR	B	-2.88%
GILD	B	-2.87%
VKTX	F	-2.51%
ABBV	F	-2.51%
VRTX	B	-2.51%
NTRA	B	-2.5%
ALNY	D	-2.49%
NBIX	C	-2.46%
SRPT	F	-2.35%
AMGN	F	-2.35%
INSM	C	-2.33%
MDGL	C	-2.27%
BIIB	F	-2.16%
EXAS	F	-1.97%
BMRN	F	-1.91%
MRNA	F	-1.79%
REGN	F	-1.74%
CYTK	C	-1.71%
BPMC	C	-1.7%
HALO	C	-1.59%
CRSP	D	-1.59%
RVMD	C	-1.42%
RNA	B	-1.36%
TGTX	B	-1.36%
KRYS	C	-1.22%
IOVA	D	-1.15%
EXEL	B	-1.14%
ADMA	C	-1.11%
ROIV	D	-1.11%
IONS	F	-1.1%
ALKS	C	-1.06%
PCVX	D	-0.95%
TWST	F	-0.91%
BBIO	F	-0.9%
GERN	F	-0.88%
CRNX	B	-0.84%
APLS	F	-0.84%
ACLX	C	-0.79%
AGIO	B	-0.71%
RARE	F	-0.71%
BEAM	C	-0.7%
ACAD	C	-0.7%
DYN	D	-0.69%
RXRX	C	-0.67%
SWTX	C	-0.66%
IMVT	D	-0.65%
FOLD	F	-0.64%
PTCT	C	-0.62%
PTGX	D	-0.61%
NTLA	F	-0.59%
RYTM	C	-0.59%
NUVL	D	-0.58%
VERA	B	-0.56%
ARWR	C	-0.55%
IDYA	F	-0.54%
ARDX	F	-0.54%
SNDX	D	-0.53%
JANX	C	-0.51%
DNLI	C	-0.5%
MIRM	B	-0.5%
NVAX	F	-0.49%
SRRK	C	-0.48%
VCYT	B	-0.48%
KYMR	C	-0.47%
AKRO	C	-0.45%
DVAX	B	-0.45%
CGON	D	-0.44%
BCRX	D	-0.41%
CPRX	C	-0.41%
ARQT	B	-0.41%
KROS	C	-0.4%
VCEL	B	-0.39%
NRIX	B	-0.37%
CLDX	F	-0.35%
SMMT	D	-0.33%
MNKD	C	-0.33%
IRON	C	-0.33%
RCKT	F	-0.32%
VRDN	C	-0.32%
DAWN	D	-0.31%
MYGN	F	-0.28%
IRWD	D	-0.27%
CGEM	F	-0.26%
VIR	C	-0.24%
EBS	C	-0.23%
TVTX	B	-0.23%
CDNA	D	-0.23%
KURA	F	-0.23%
APLT	C	-0.22%
XNCR	B	-0.21%
RCUS	F	-0.2%
CDMO	B	-0.2%
ANNX	C	-0.19%
SPRY	C	-0.19%
VERV	D	-0.19%
ARCT	F	-0.18%
REPL	C	-0.18%
ETNB	C	-0.18%
ALT	C	-0.17%
PRTA	F	-0.16%
IMNM	F	-0.16%
STOK	B	-0.16%
RLAY	F	-0.16%
OLMA	F	-0.16%
COGT	D	-0.16%
AVXL	C	-0.15%
SAGE	F	-0.14%
SANA	F	-0.14%
ALLO	D	-0.14%
CELC	D	-0.13%
MDXG	A	-0.12%
ANAB	F	-0.12%
RGNX	D	-0.12%
OCGN	F	-0.12%
CCCC	F	-0.12%
FDMT	F	-0.11%
SVRA	F	-0.1%
ERAS	C	-0.1%
ORIC	D	-0.09%
YMAB	D	-0.08%
FATE	F	-0.08%
ITOS	F	-0.07%
KALV	F	-0.07%
SCLX	F	-0.07%
ALEC	D	-0.06%
ABUS	D	-0.06%