IVES vs. SPRX ETF Comparison

Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to Spear Alpha ETF (SPRX)

IVES

Wedbush ETFMG Global Cloud Technology ETF

IVES Description

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”

Grade (RS Rating)

Last Trade

$49.21

Average Daily Volume

1,131

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPRX

Spear Alpha ETF

SPRX Description

SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.

Grade (RS Rating)

Last Trade

$26.16

Average Daily Volume

21,609

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IVES	SPRX
30 Days	7.17%	8.37%
60 Days	5.41%	15.70%
90 Days	7.27%	14.48%
12 Months	43.26%	40.78%

9 Overlapping Holdings

Symbol	Grade	Weight in IVES	Weight in SPRX	Overlap
AMD	F	1.8%	3.34%	1.8%
ANET	C	2.14%	3.39%	2.14%
CFLT	B	2.89%	2.42%	2.42%
DDOG	A	2.16%	4.94%	2.16%
GTLB	B	2.56%	2.12%	2.12%
MRVL	B	2.71%	7.22%	2.71%
MU	D	2.18%	0.43%	0.43%
NVDA	B	2.55%	13.96%	2.55%
SNOW	B	2.35%	0.97%	0.97%

IVES Overweight 27 Positions Relative to SPRX

Symbol	Grade	Weight
TEAM	A	3.08%
APPN	B	2.53%
VRT	B	2.52%
DELL	B	2.43%
AMZN	C	2.4%
CDNS	B	2.38%
SNPS	B	2.38%
ORCL	A	2.38%
MDB	B	2.36%
GOOGL	C	2.33%
INTC	C	2.29%
CIEN	C	2.28%
HPE	B	2.26%
HPQ	B	2.21%
MSFT	D	2.18%
HCP	B	2.15%
AVGO	D	2.14%
JNPR	D	2.13%
AAPL	C	2.12%
NTAP	C	2.1%
QCOM	F	2.08%
WDC	D	2.07%
IBM	C	2.0%
DOCN	C	1.92%
BABA	D	1.7%
MPWR	F	1.48%
SMCI	F	1.13%

IVES Underweight 19 Positions Relative to SPRX

Symbol	Grade	Weight
S	B	-9.02%
TSLA	B	-7.18%
ZS	B	-6.18%
TER	F	-4.99%
NET	B	-4.79%
CEG	C	-4.65%
CRDO	B	-3.42%
ON	D	-2.97%
WOLF	F	-2.83%
SHOP	B	-2.72%
COHR	B	-1.96%
AMKR	D	-1.75%
APH	A	-1.38%
GEV	B	-1.13%
CRWD	B	-1.08%
NRG	B	-0.76%
PANW	B	-0.2%
RIO	D	-0.0%
ROK	C	-0.0%