ITAN vs. XVOL ETF Comparison

Comparison of Sparkline Intangible Value ETF (ITAN) to Acruence Active Hedge U.S. Equity ETF (XVOL)

ITAN

Sparkline Intangible Value ETF

ITAN Description

The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (“ETF”). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the “Sub-Adviser”) believes are attractive relative to its proprietary measure of “intangible-augmented intrinsic value.” The fund’s investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.

Grade (RS Rating)

Last Trade

$31.38

Average Daily Volume

5,598

Number of Holdings ^*

151

* may have additional holdings in another (foreign) market

XVOL

Acruence Active Hedge U.S. Equity ETF

XVOL Description

Valor Latitude Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.

Grade (RS Rating)

Last Trade

$22.85

Average Daily Volume

2,441

Number of Holdings ^*

49

* may have additional holdings in another (foreign) market

Performance

Period	ITAN	XVOL
30 Days	1.37%	2.54%
60 Days	6.70%	6.94%
90 Days	9.83%	10.96%
12 Months	31.00%	31.43%

6 Overlapping Holdings

	Symbol	Grade	Weight in ITAN	Weight in XVOL	Overlap
	BBY	C	0.46%	2.2%	0.46%
	BMY	B	1.03%	1.7%	1.03%
	MMM	D	0.89%	1.7%	0.89%
	ORCL	A	2.31%	1.62%	1.62%
	T	A	1.55%	1.73%	1.55%
	VZ	C	1.3%	3.72%	1.3%

ITAN Overweight 145 Positions Relative to XVOL

	Symbol	Grade	Weight
	AMZN	B	4.86%
	META	C	2.87%
	CRM	A	2.14%
	GOOGL	B	2.09%
	GOOG	B	2.09%
	CSCO	B	1.78%
	IBM	D	1.69%
	ACN	C	1.6%
	QCOM	F	1.55%
	WFC	A	1.51%
	TMUS	A	1.42%
	PFE	F	1.28%
	INTC	C	1.26%
	RTX	D	1.23%
	HON	A	1.21%
	MDT	D	1.18%
	DELL	C	1.11%
	DIS	A	1.1%
	PYPL	A	1.1%
	COF	A	1.09%
	CMCSA	B	1.06%
	TGT	D	1.03%
	GM	A	1.0%
	BA	F	0.96%
	GILD	B	0.92%
	NOC	D	0.91%
	CVS	F	0.9%
	PANW	B	0.89%
	SQ	A	0.87%
	FDX	A	0.85%
	CMI	A	0.84%
	F	C	0.82%
	CTSH	B	0.8%
	LHX	B	0.74%
	HPQ	B	0.72%
	CHTR	B	0.72%
	ALL	A	0.72%
	DASH	B	0.71%
	BDX	F	0.7%
	GD	D	0.7%
	WDAY	B	0.7%
	UAL	A	0.7%
	JCI	A	0.69%
	EBAY	D	0.66%
	NXPI	F	0.66%
	ADSK	B	0.64%
	HPE	B	0.63%
	DAL	A	0.6%
	NTAP	D	0.6%
	GLW	B	0.59%
	EXPE	A	0.58%
	CVNA	A	0.56%
	LDOS	C	0.55%
	CNC	F	0.54%
	ZM	B	0.54%
	ILMN	C	0.54%
	WBD	B	0.53%
	DOCU	A	0.53%
	EA	A	0.53%
	CAH	B	0.53%
	PRU	A	0.53%
	WDC	F	0.53%
	HUM	F	0.53%
	SNAP	D	0.51%
	KR	B	0.51%
	ZS	B	0.51%
	TWLO	A	0.49%
	NTNX	A	0.49%
	VTRS	A	0.49%
	BAH	D	0.47%
	FFIV	B	0.46%
	IQV	F	0.46%
	ZBRA	B	0.46%
	J	D	0.45%
	ROK	A	0.45%
	LH	B	0.45%
	OKTA	D	0.44%
	BAX	F	0.44%
	DD	D	0.44%
	DGX	A	0.43%
	TRMB	A	0.43%
	BIIB	F	0.42%
	JNPR	D	0.42%
	ACM	B	0.42%
	CIEN	B	0.41%
	CACI	C	0.41%
	LMT	D	0.39%
	PSTG	F	0.39%
	ROKU	D	0.39%
	AAL	B	0.38%
	LUMN	C	0.37%
	JLL	C	0.37%
	LYFT	B	0.37%
	DBX	C	0.37%
	JBL	C	0.37%
	DVA	C	0.36%
	IP	A	0.34%
	EMN	C	0.34%
	TRU	D	0.34%
	TPR	A	0.34%
	NWSA	B	0.33%
	JAZZ	A	0.32%
	SWKS	F	0.32%
	AKAM	F	0.32%
	ALLY	C	0.32%
	TAP	A	0.31%
	ELAN	C	0.3%
	ACI	C	0.3%
	TXT	D	0.3%
	SWK	F	0.29%
	ETSY	D	0.29%
	WBA	F	0.29%
	ANF	C	0.28%
	G	A	0.28%
	PARA	C	0.28%
	RIVN	F	0.27%
	BIO	C	0.27%
	WHR	A	0.27%
	HAS	D	0.26%
	MASI	A	0.26%
	BOX	B	0.26%
	EXAS	F	0.26%
	FAF	C	0.25%
	W	F	0.25%
	U	F	0.25%
	PATH	D	0.24%
	DOX	D	0.24%
	ALK	A	0.24%
	GAP	C	0.24%
	IVZ	B	0.24%
	MAT	C	0.24%
	UAA	B	0.24%
	ARW	D	0.23%
	FLS	A	0.23%
	MTCH	F	0.23%
	BWA	A	0.22%
	NOV	D	0.22%
	RHI	B	0.22%
	HRB	D	0.21%
	QRVO	F	0.2%
	AGCO	D	0.19%
	HOG	D	0.19%
	M	C	0.16%
	RUN	F	0.14%
	XRAY	F	0.13%

ITAN Underweight 43 Positions Relative to XVOL

	Symbol	Grade	Weight
	APP	A	-3.73%
	GFF	A	-3.36%
	TFC	A	-3.13%
	AXS	A	-2.86%
	VST	A	-2.7%
	CCOI	B	-2.68%
	PLTR	A	-2.67%
	WAFD	A	-2.66%
	TMP	A	-2.48%
	AVGO	C	-2.38%
	THG	A	-2.38%
	NNN	D	-2.37%
	KKR	A	-2.09%
	NRG	B	-2.02%
	FICO	A	-1.99%
	MSI	A	-1.82%
	WELL	A	-1.79%
	CTAS	B	-1.79%
	SWX	A	-1.78%
	BX	A	-1.77%
	NTRA	B	-1.75%
	HFWA	A	-1.74%
	USFD	B	-1.71%
	SPG	A	-1.7%
	VTR	C	-1.69%
	WMT	A	-1.63%
	PKG	B	-1.58%
	MPLX	A	-1.57%
	O	D	-1.56%
	TW	B	-1.52%
	WSM	F	-1.5%
	FNF	C	-1.49%
	EFX	F	-1.49%
	PGR	B	-1.49%
	TRV	A	-1.43%
	GTY	C	-1.41%
	ORI	A	-1.39%
	RKT	F	-1.39%
	BSX	B	-1.38%
	ICE	D	-1.36%
	PEG	C	-1.33%
	SPGI	C	-1.23%
	PLOW	D	-1.22%

ITAN: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Aerospace & Defense Diagnostics & Research Diversified Industrials Specialty Retail Communication Equipment Information Technology Services Internet Content & Information Semiconductors Telecom Services Airlines Drug Manufacturers - Major Medical Instruments & Supplies Auto Manufacturers Business Services Data Storage Engineering & Construction Health Care Plans Leisure

Keywords: S&P 500 Nasdaq 100 Computing Cloud Computing Telecommunications Work From Home Mobile Devices Aerospace Cloud Infrastructure Medicine Dow Jones Component Software Electronics Software As A Service Aviation Biotechnology Broadband Information And Communications Technology Operating System Banking

XVOL: Top Represented Industries & Keywords

Industries: Insurance - Property & Casualty REIT - Retail Banks - Regional - US Software - Infrastructure Telecom Services Asset Management Business Services Capital Markets REIT - Healthcare Facilities Specialty Retail Utilities - Independent Power Producers Auto Parts Building Materials Communication Equipment Diagnostics & Research Discount Stores Diversified Industrials Drug Manufacturers - Major Financial Data & Stock Exchanges Food Distribution

Keywords: S&P 500 Insurance Telecommunications Internet Access Broadband Casualty Insurance Computing Dow Jones Component Natural Gas Real Estate Investment Trust Bank Compensation Insurance Electricity Ethernet General Insurance IBD 50 Insurance Industry Personal Finance Protection Products Real Estate Market