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

$29.95

Average Daily Volume

5,950

Number of Holdings ^*

150

* 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

$21.48

Average Daily Volume

5,265

Number of Holdings ^*

49

* may have additional holdings in another (foreign) market

Performance

Period	ITAN	XVOL
30 Days	3.62%	2.27%
60 Days	4.40%	1.07%
90 Days	5.47%	5.58%
12 Months	26.19%	20.20%

7 Overlapping Holdings

	Symbol	Grade	Weight in ITAN	Weight in XVOL	Overlap
	ALL	B	0.74%	1.87%	0.74%
	AMZN	C	4.77%	1.7%	1.7%
	PFE	C	1.49%	1.51%	1.49%
	T	C	1.63%	1.48%	1.48%
	UBER	C	0.44%	2.15%	0.44%
	VZ	B	1.43%	1.41%	1.41%
	WFC	D	1.29%	1.39%	1.29%

ITAN Overweight 143 Positions Relative to XVOL

	Symbol	Grade	Weight
	META	B	2.89%
	ORCL	C	2.67%
	CRM	D	1.91%
	GOOG	D	1.81%
	GOOGL	D	1.81%
	IBM	B	1.79%
	QCOM	D	1.76%
	CSCO	C	1.69%
	ACN	C	1.68%
	TMUS	C	1.33%
	MDT	C	1.3%
	RTX	C	1.28%
	INTC	F	1.2%
	DELL	D	1.14%
	HON	D	1.12%
	BA	F	1.1%
	TGT	C	1.06%
	DIS	D	1.06%
	CMCSA	D	0.99%
	BMY	C	0.97%
	PYPL	B	0.96%
	CVS	D	0.96%
	NOC	B	0.96%
	MMM	B	0.95%
	LMT	C	0.94%
	GILD	B	0.92%
	COF	B	0.91%
	FDX	C	0.9%
	GM	C	0.89%
	PANW	D	0.87%
	CMI	C	0.82%
	F	F	0.81%
	CTSH	C	0.78%
	GD	B	0.75%
	HPQ	D	0.74%
	SQ	D	0.74%
	BDX	D	0.74%
	NXPI	F	0.72%
	EBAY	B	0.71%
	CHTR	D	0.69%
	CNC	D	0.69%
	WDAY	D	0.67%
	LHX	C	0.66%
	DASH	C	0.65%
	JCI	B	0.64%
	WDC	D	0.62%
	NTAP	D	0.61%
	ADSK	C	0.59%
	GLW	C	0.59%
	HUM	F	0.58%
	BAX	C	0.57%
	TEL	D	0.56%
	ILMN	C	0.55%
	UAL	C	0.54%
	HPE	D	0.53%
	BBY	C	0.53%
	PRU	C	0.53%
	J	C	0.53%
	LDOS	B	0.52%
	DAL	C	0.52%
	CAH	C	0.52%
	KR	C	0.51%
	EXPE	C	0.51%
	IQV	C	0.5%
	EA	D	0.5%
	BIIB	F	0.49%
	BAH	C	0.49%
	SNAP	F	0.49%
	ZBRA	B	0.48%
	JNPR	B	0.46%
	ZS	F	0.46%
	NTNX	C	0.45%
	VTRS	D	0.45%
	DD	B	0.45%
	FFIV	B	0.44%
	DGX	B	0.44%
	DOCU	C	0.44%
	ZM	C	0.44%
	ROK	D	0.44%
	WBD	D	0.43%
	OKTA	F	0.42%
	CACI	B	0.42%
	PSTG	F	0.41%
	TRU	B	0.4%
	CVNA	B	0.4%
	JLL	B	0.4%
	ROKU	C	0.4%
	ACM	B	0.4%
	DVA	B	0.39%
	HAL	F	0.38%
	TWLO	D	0.38%
	AKAM	D	0.37%
	MU	F	0.37%
	DBX	D	0.37%
	JBL	D	0.36%
	Z	B	0.36%
	EXAS	C	0.36%
	CIEN	C	0.35%
	AAL	D	0.35%
	EMN	B	0.35%
	TRMB	C	0.35%
	IP	B	0.34%
	LUV	C	0.33%
	W	D	0.32%
	ELAN	D	0.32%
	WBA	F	0.32%
	ACI	F	0.32%
	TPR	C	0.31%
	SWKS	D	0.31%
	ALLY	F	0.3%
	SWK	B	0.3%
	APTV	D	0.3%
	RIVN	F	0.29%
	HAS	B	0.29%
	LYFT	D	0.28%
	JAZZ	D	0.28%
	ETSY	F	0.28%
	PARA	F	0.27%
	TAP	D	0.27%
	U	D	0.27%
	MTCH	C	0.26%
	QRVO	F	0.26%
	PII	D	0.26%
	DOX	C	0.26%
	WHR	D	0.26%
	ARW	C	0.26%
	RUN	C	0.25%
	HRB	C	0.25%
	BIO	C	0.24%
	PATH	D	0.24%
	MAT	C	0.24%
	AGCO	D	0.24%
	IVZ	B	0.24%
	BWA	D	0.23%
	ALK	C	0.23%
	DLB	F	0.23%
	GAP	F	0.22%
	NOV	F	0.22%
	RHI	D	0.21%
	MASI	F	0.21%
	FLR	D	0.19%
	XRAY	D	0.17%
	M	F	0.16%

ITAN Underweight 42 Positions Relative to XVOL

	Symbol	Grade	Weight
	PM	C	-3.92%
	MO	C	-3.7%
	EPD	B	-3.55%
	AFG	B	-2.39%
	RCL	B	-2.39%
	ANET	B	-2.37%
	HBAN	B	-2.37%
	USB	B	-2.28%
	NRG	C	-2.25%
	TFC	C	-2.18%
	PLTR	B	-2.15%
	TDG	B	-2.14%
	AVGO	C	-2.13%
	LYB	D	-2.07%
	HOOD	C	-2.02%
	NNN	C	-2.0%
	NVDA	D	-2.0%
	KKR	B	-1.98%
	RF	B	-1.94%
	CCOI	C	-1.89%
	UBSI	B	-1.85%
	APO	C	-1.77%
	KLAC	D	-1.71%
	UVV	D	-1.68%
	LNC	D	-1.64%
	LRCX	F	-1.64%
	COST	B	-1.58%
	PKG	B	-1.55%
	OGE	C	-1.55%
	CME	C	-1.54%
	ADC	C	-1.53%
	SFNC	B	-1.52%
	AMAT	D	-1.51%
	NWBI	C	-1.51%
	RGA	C	-1.49%
	GS	C	-1.47%
	BSX	B	-1.42%
	AIG	D	-1.26%
	ABR	B	-1.24%
	ECL	B	-1.24%
	MCK	F	-1.2%
	DDS	F	-1.11%

ITAN: Top Represented Industries & Keywords

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

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

XVOL: Top Represented Industries & Keywords

Industries: Banks - Regional - US Semiconductor Equipment & Materials Telecom Services Tobacco Asset Management Insurance - Property & Casualty REIT - Retail Semiconductors Software - Infrastructure Specialty Chemicals Aerospace & Defense Banks - Global Capital Markets Computer Systems Department Stores Discount Stores Drug Manufacturers - Major Financial Data & Stock Exchanges Insurance - Diversified Insurance - Life

Keywords: S&P 500 Bank Banking Nasdaq 100 IBD 50 Insurance Investment Management Broadband Chemical Ethernet Insurance Products Internet Access Telecommunications Trust Services Asset Management Cigar Cigarette Commercial Banking Computing Crude Oil