CVAR vs. SMHB ETF Comparison

Comparison of Cultivar ETF (CVAR) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)

CVAR

Cultivar ETF

CVAR Description

ETF Opportunities Trust - Cultivar ETF is an exchange traded fund launched by ETF Opportunities Trust. The fund is co-managed by Cultivar Capital, Inc. and Toroso Investments, LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of companies across diversified market capitalization. The fund employs fundamental and quantitative analysis with bottom-up and top-down stock picking approach to create its portfolio. ETF Opportunities Trust - Cultivar ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$26.98

Average Daily Volume

1,116

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$6.37

Average Daily Volume

51,434

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVAR	SMHB
30 Days	2.82%	14.52%
60 Days	3.12%	5.52%
90 Days	8.95%	19.02%
12 Months	15.31%	16.55%

4 Overlapping Holdings

Symbol	Grade	Weight in CVAR	Weight in SMHB	Overlap
LTC	C	0.56%	0.91%	0.56%
NHI	C	1.12%	1.64%	1.12%
PDM	B	0.73%	0.99%	0.73%
SCS	D	0.53%	0.65%	0.53%

CVAR Overweight 77 Positions Relative to SMHB

Symbol	Grade	Weight
NEM	B	3.11%
HCSG	C	2.97%
PRLB	F	2.78%
CLB	D	2.59%
LUV	C	2.58%
MKTX	C	2.53%
T	C	2.13%
GOLD	C	2.04%
NWN	C	2.0%
MKC	C	1.95%
VEEV	C	1.84%
PAYC	D	1.8%
GPN	D	1.75%
MDT	C	1.53%
ES	C	1.49%
JNJ	C	1.48%
C	D	1.46%
INTC	F	1.35%
CLX	C	1.35%
WU	F	1.3%
TSN	C	1.3%
ZTS	C	1.23%
ABT	C	1.22%
HAS	B	1.21%
KMB	D	1.21%
FMS	C	1.16%
PRGO	D	1.15%
NKE	D	1.14%
POR	C	1.14%
ARE	C	1.11%
DEI	B	1.11%
MTB	B	1.09%
SWKS	D	1.09%
QRVO	F	1.09%
HRL	C	1.05%
SJM	C	1.04%
TFC	C	0.98%
FMC	C	0.95%
ANSS	D	0.93%
G	C	0.93%
BABA	B	0.92%
EW	F	0.91%
SW	B	0.88%
BP	D	0.83%
CGNX	F	0.8%
CMCSA	D	0.79%
INDB	C	0.79%
CVS	D	0.73%
CHRW	B	0.72%
KRC	C	0.7%
MCHP	F	0.69%
DG	F	0.69%
INGN	D	0.69%
VZ	B	0.64%
HIW	B	0.62%
ADSK	C	0.61%
OGS	B	0.61%
WHR	D	0.6%
ESRT	B	0.59%
BMY	C	0.59%
PYPL	B	0.57%
MNRO	D	0.57%
PFE	C	0.57%
CTSH	C	0.54%
MMM	B	0.54%
PARA	F	0.53%
IDA	C	0.53%
CCI	C	0.53%
ILMN	C	0.51%
HUM	F	0.5%
RDUS	D	0.43%
JBT	D	0.41%
AAP	F	0.36%
CMP	D	0.26%
WBD	D	0.18%
DUK	C	0.01%
AEP	C	0.01%

CVAR Underweight 87 Positions Relative to SMHB

Symbol	Grade	Weight
SLG	C	-4.87%
XRX	D	-4.09%
DTM	B	-3.81%
BXMT	C	-3.43%
DSS	F	-2.87%
TWO	B	-2.87%
CIM	B	-2.62%
ETRN	D	-2.49%
BDN	B	-2.41%
BGS	D	-2.41%
SBRA	C	-2.38%
EPR	B	-2.34%
ABR	B	-2.21%
APAM	C	-2.02%
PAGP	C	-1.88%
UNIT	C	-1.86%
UWMC	D	-1.84%
ARR	B	-1.65%
ORC	B	-1.51%
CCOI	C	-1.51%
PSEC	C	-1.47%
IVR	D	-1.43%
DEA	B	-1.35%
PMT	C	-1.35%
MFA	B	-1.27%
RWT	B	-1.24%
CTRE	C	-1.16%
PETS	D	-1.13%
MAIN	B	-1.09%
HTGC	D	-1.03%
ARI	F	-1.02%
GNL	C	-1.01%
FCPT	C	-1.0%
EFC	B	-1.0%
GSBD	D	-0.94%
NEWT	F	-0.94%
NYMT	C	-0.93%
DX	B	-0.89%
KREF	B	-0.8%
VGR	B	-0.79%
NWBI	C	-0.77%
GBDC	C	-0.73%
CODI	D	-0.72%
VNOM	C	-0.65%
RC	F	-0.65%
ACRE	C	-0.64%
LADR	C	-0.62%
TSLX	C	-0.62%
HESM	D	-0.59%
UVV	D	-0.54%
OCSL	F	-0.54%
AROC	D	-0.53%
GMRE	C	-0.5%
ILPT	C	-0.49%
BRSP	D	-0.49%
WSR	D	-0.46%
ALX	B	-0.45%
GTY	B	-0.44%
OPI	F	-0.4%
RMR	C	-0.38%
NMFC	F	-0.38%
UHT	B	-0.36%
GPMT	D	-0.34%
CSWC	C	-0.34%
GOOD	B	-0.33%
FSP	D	-0.29%
TRTX	C	-0.29%
TCPC	F	-0.27%
AHH	C	-0.27%
CGBD	D	-0.25%
BCSF	B	-0.24%
TPVG	F	-0.23%
PFLT	B	-0.23%
SLRC	C	-0.23%
UVE	C	-0.22%
BBDC	B	-0.22%
KRO	D	-0.2%
EBF	B	-0.18%
GAIN	C	-0.17%
PNNT	D	-0.16%
OLP	B	-0.16%
FDUS	B	-0.16%
GLAD	C	-0.15%
BFS	B	-0.14%
TRIN	D	-0.12%
CCAP	C	-0.1%
REPX	D	-0.07%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail Oil & Gas Midstream REIT - Residential Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers