CGRO vs. ONLN ETF Comparison

Comparison of CoreValues Alpha Greater China Growth ETF (CGRO) to ProShares Online Retail ETF (ONLN)

CGRO

CoreValues Alpha Greater China Growth ETF

CGRO Description

CGRO aims to benefit from high-growth sectors in Greater China without compromising American values and interests. The fund includes companies of all sizes located or primarily traded in mainland China, Taiwan, and Chinas special administrative regions, such as Hong Kong. The portfolio construction starts with top-down macro research, which utilizes publicly available data to identify sectors with the highest growth potential. The fund also conducts on-the-ground due diligence wherein it gains insights from 15 investment professionals located in China. Lastly, a fundamental bottom-up approach is used to analyze company-specific data such as financial reports and management expertise. The weight of each sector and company is determined by the sub-advisers assessment of its growth potential, which may change over time. The fund may invest in China A-shares, depositary receipts, and issuers listed on exchanges outside China.

Grade (RS Rating)

Last Trade

$23.94

Average Daily Volume

749

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ONLN

ProShares Online Retail ETF

ONLN Description

The investment seeks investment results, before fees and expenses, that track the performance of the ProShares Online Retail Index (the index). The fund seeks to invest substantially all of its assets in the stocks that make up the index and generally holds each stock in approximately the same proportion as its weighting in the index. Normally, it will invest at least 80% of its assets in the component securities of the index. The index is designed to measure the performance of publicly traded companies that principally sell online or through other non-store sales channels, rather than through "brick and mortar" store locations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.80

Average Daily Volume

10,358

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CGRO	ONLN
30 Days	-11.97%	-4.59%
60 Days	26.00%	9.33%
90 Days	29.73%	12.41%
12 Months	20.40%	44.96%

2 Overlapping Holdings

	Symbol	Grade	Weight in CGRO	Weight in ONLN	Overlap
	BABA	B	3.75%	5.22%	3.75%
	PDD	C	10.12%	9.86%	9.86%

CGRO Overweight 8 Positions Relative to ONLN

Symbol	Grade	Weight
TCOM	A	7.46%
BEKE	A	4.86%
YMM	B	3.1%
TME	D	2.65%
BIDU	F	2.23%
LI	C	1.43%
BILI	A	0.89%
NTES	F	0.37%

CGRO Underweight 14 Positions Relative to ONLN

Symbol	Grade	Weight
AMZN	A	-23.24%
EBAY	D	-10.42%
CVNA	A	-5.22%
CPNG	B	-4.64%
BKE	C	-3.95%
RVLV	B	-3.9%
FIGS	B	-3.84%
CHWY	D	-3.65%
ETSY	D	-3.5%
W	F	-3.37%
MELI	A	-2.94%
JD	A	-2.83%
SE	B	-2.43%
GLBE	B	-1.68%

ONLN: Top Represented Industries & Keywords

Industries: Specialty Retail Internet Retail Apparel Manufacturing Apparel Stores Electronic Gaming & Multimedia