IYZ vs. BOUT ETF Comparison

Comparison of iShares U.S. Telecommunications ETF (IYZ) to Innovator IBD Breakout Opportunities ETF (BOUT)

IYZ

iShares U.S. Telecommunications ETF

IYZ Description

The investment seeks to track the investment results of an index composed of U.S. equities in the telecommunications sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Telecommunications Index (the "underlying index"), which measures the performance of the telecommunications sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.18

Average Daily Volume

814,479

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BOUT

Innovator IBD Breakout Opportunities ETF

BOUT Description

The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.

Grade (RS Rating)

Last Trade

$40.14

Average Daily Volume

2,990

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IYZ	BOUT
30 Days	5.45%	7.95%
60 Days	10.43%	9.94%
90 Days	16.16%	9.81%
12 Months	30.08%	32.83%

1 Overlapping Holdings

	Symbol	Grade	Weight in IYZ	Weight in BOUT	Overlap
	LBRDK	C	4.34%	4.44%	4.34%

IYZ Overweight 19 Positions Relative to BOUT

Symbol	Grade	Weight
CSCO	B	17.04%
VZ	C	12.54%
T	A	11.76%
UI	B	5.65%
LITE	B	5.18%
TMUS	B	4.42%
CMCSA	B	4.41%
CIEN	C	4.32%
ANET	C	4.12%
CHTR	C	4.1%
MSI	B	4.06%
IRDM	D	3.59%
ROKU	D	3.5%
JNPR	D	3.31%
FYBR	C	3.19%
SNRE	D	1.49%
LBTYA	F	1.06%
LBTYK	A	1.04%
LBRDA	C	0.65%

IYZ Underweight 43 Positions Relative to BOUT

Symbol	Grade	Weight
PACS	F	-4.48%
MS	A	-4.47%
NEM	D	-4.42%
VIK	B	-4.39%
EXPE	B	-4.28%
EQIX	A	-4.25%
AHR	A	-4.24%
IDCC	B	-4.01%
ETN	A	-3.82%
SPGI	C	-3.81%
EQH	C	-3.78%
CRM	B	-3.73%
BAH	F	-3.73%
DVA	C	-3.71%
PGR	A	-3.63%
CRDO	B	-2.87%
VRNS	D	-2.61%
ULS	B	-2.59%
IR	B	-2.49%
DT	D	-2.49%
NMIH	C	-2.44%
ONON	A	-2.35%
COLL	F	-2.23%
TSM	B	-1.31%
TBBK	B	-1.28%
NOW	A	-1.27%
CDNA	D	-1.24%
SCCO	F	-1.22%
SN	D	-1.2%
TCOM	B	-1.14%
BEKE	D	-1.06%
ROAD	B	-0.45%
AXON	A	-0.43%
TPH	D	-0.42%
IBKR	A	-0.42%
CWAN	B	-0.42%
AVGO	D	-0.42%
ALKT	B	-0.42%
GMED	A	-0.41%
CORT	B	-0.41%
ACGL	C	-0.4%
PLMR	A	-0.39%
JD	D	-0.38%

IYZ: Top Represented Industries & Keywords

Industries: Pay TV Communication Equipment Telecom Services Computer Systems