IETC vs. POWA ETF Comparison

Comparison of iShares Evolved U.S. Technology ETF (IETC) to Invesco Bloomberg Pricing Power ETF (POWA)

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$83.84

Average Daily Volume

18,199

Number of Holdings ^*

117

* may have additional holdings in another (foreign) market

POWA

Invesco Bloomberg Pricing Power ETF

POWA Description

The fund generally will invest at least 80% of its total assets in the securities that comprise the underlying index. The underlying index focuses on companies that have the smallest deviations among their annual gross profit margins over the last five years. The fund will concentrate its investments in securities of issuers in any one industry or group of industries only to the extent that the underlying index reflects a concentration in that industry or group of industries.

Grade (RS Rating)

Last Trade

$86.37

Average Daily Volume

7,583

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IETC	POWA
30 Days	5.46%	2.84%
60 Days	17.47%	7.14%
90 Days	20.97%	9.19%
12 Months	49.73%	32.75%

17 Overlapping Holdings

Symbol	Grade	Weight in IETC	Weight in POWA	Overlap
ACN	B	4.34%	2.05%	2.05%
ADSK	A	0.68%	2.26%	0.68%
ANSS	B	0.39%	1.96%	0.39%
BAH	C	0.25%	2.36%	0.25%
BBY	D	0.06%	2.05%	0.06%
CDNS	B	1.77%	2.01%	1.77%
IQV	F	0.14%	1.72%	0.14%
IRM	C	0.1%	2.25%	0.1%
LMT	D	0.42%	1.94%	0.42%
LRCX	D	0.18%	1.73%	0.18%
MSCI	C	0.12%	2.0%	0.12%
MSFT	C	7.96%	2.01%	2.01%
NOW	A	1.97%	2.23%	1.97%
SNPS	B	0.19%	1.87%	0.19%
VEEV	B	0.11%	2.1%	0.11%
VRSN	C	1.97%	1.94%	1.94%
XYL	F	0.03%	1.89%	0.03%

IETC Overweight 100 Positions Relative to POWA

Symbol	Grade	Weight
AVGO	B	12.76%
NVDA	A	8.64%
AMZN	A	7.4%
CRM	B	3.52%
ORCL	A	3.32%
AAPL	B	2.53%
GOOGL	B	2.32%
MSI	B	2.27%
IBM	D	1.98%
META	B	1.88%
CSCO	A	1.81%
ICE	D	1.75%
QCOM	C	1.48%
GOOG	B	1.42%
MANH	C	1.29%
ADBE	F	1.12%
FTNT	A	1.07%
GPN	C	0.98%
MA	B	0.94%
PH	B	0.91%
MPWR	F	0.86%
AMD	F	0.85%
NTAP	C	0.82%
PANW	A	0.78%
EQIX	B	0.77%
CDW	F	0.71%
ABNB	C	0.69%
SSNC	C	0.69%
TEAM	B	0.66%
TYL	B	0.64%
TTD	A	0.62%
WDAY	C	0.62%
ANET	A	0.62%
IT	A	0.61%
VRSK	B	0.6%
ZM	A	0.56%
PLTR	A	0.45%
MU	C	0.44%
KLAC	F	0.38%
CSGP	D	0.37%
MCO	D	0.34%
CRWD	C	0.31%
TXN	A	0.31%
FDS	B	0.29%
G	B	0.28%
UBER	D	0.26%
TTEK	C	0.26%
MSTR	B	0.22%
COIN	B	0.22%
KEYS	A	0.19%
MMC	D	0.19%
DASH	A	0.19%
CACI	B	0.18%
SQ	C	0.18%
TRU	C	0.18%
AKAM	C	0.17%
BSY	C	0.17%
PINS	C	0.16%
SWKS	F	0.16%
DDOG	B	0.16%
QLYS	C	0.15%
NSIT	F	0.13%
HUBS	B	0.12%
IPG	F	0.11%
EA	A	0.11%
TER	F	0.11%
QRVO	F	0.1%
NDAQ	B	0.09%
VRT	B	0.09%
SLB	D	0.09%
CBOE	C	0.07%
SLAB	D	0.07%
ROK	B	0.07%
SNAP	C	0.07%
FBIN	D	0.07%
CFLT	C	0.07%
DELL	C	0.06%
TDY	B	0.06%
INTU	A	0.06%
SAIC	B	0.06%
CPNG	C	0.06%
JNPR	B	0.06%
ADP	A	0.06%
DOCN	D	0.05%
CPAY	B	0.05%
MMS	C	0.05%
ILMN	A	0.05%
LPLA	B	0.05%
GLW	B	0.04%
APPN	B	0.04%
CL	F	0.04%
DXC	B	0.04%
ENPH	F	0.03%
BILL	C	0.03%
ZI	C	0.02%
RIVN	F	0.01%
GDDY	A	0.01%
ALGN	F	0.0%
GRAL	D	0.0%
FTV	F	0.0%

IETC Underweight 31 Positions Relative to POWA

Symbol	Grade	Weight
FAST	A	-2.27%
ATR	A	-2.23%
ZBRA	B	-2.19%
CMI	B	-2.16%
LOW	B	-2.13%
WMT	B	-2.13%
JCI	A	-2.13%
KR	B	-2.09%
DOV	A	-2.09%
HD	B	-2.09%
OTIS	B	-2.06%
GEHC	D	-2.04%
JBHT	C	-2.04%
AME	B	-2.01%
HEI	D	-2.0%
COST	B	-1.97%
ZTS	F	-1.97%
TSCO	C	-1.97%
CAH	A	-1.94%
VRTX	B	-1.93%
WAT	B	-1.91%
SYY	C	-1.9%
STE	F	-1.89%
COR	B	-1.89%
PEP	F	-1.87%
ADM	F	-1.85%
ROL	D	-1.84%
MTD	C	-1.8%
HSY	F	-1.77%
MCK	B	-1.76%
DLTR	F	-1.25%

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Semiconductors Information Technology Services Software - Infrastructure Internet Content & Information Capital Markets Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Diversified Industrials Financial Data & Stock Exchanges Scientific & Technical Instruments Computer Systems Internet Content & Information Specialty Retail Advertising Agencies Aerospace & Defense Auto Manufacturers Conglomerates