NETL vs. SPRE ETF Comparison

Comparison of NETLease Corporate Real Estate ETF (NETL) to SP Funds S&P Global REIT Sharia ETF (SPRE)

NETL

NETLease Corporate Real Estate ETF

NETL Description

The investment seeks to track the performance, before fees and expenses, of the Fundamental Income Net Lease Real Estate Index. The index is generally composed of the U.S.-listed equity securities of companies that derive at least 85% of their earnings or revenues from real estate operations in the net lease real estate sector ("Eligible Companies"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.59

Average Daily Volume

6,169

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPRE

SP Funds S&P Global REIT Sharia ETF

SPRE Description

Tidal ETF Trust - SP Funds S&P Global REIT Sharia ETF is a Shariah-Compliant exchange traded fund launched and managed by Toroso Investments, LLC. It is co-managed by Shariaportfolio, Inc. It invests in public equity markets of global region. The fund invests in stocks of companies operating across real estate, equity investment trusts (reits) sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the S&P Global Sharia All REIT Capped Index, by using full replication technique. The fund does not invest in stocks of companies operating across gambling, alcohol and tobacco sectors. Tidal ETF Trust - SP Funds S&P Global REIT Sharia ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$21.16

Average Daily Volume

57,906

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NETL	SPRE
30 Days	-4.21%	-0.31%
60 Days	-5.28%	-4.25%
90 Days	-2.54%	-0.92%
12 Months	17.80%	19.07%

1 Overlapping Holdings

	Symbol	Grade	Weight in NETL	Weight in SPRE	Overlap
	IIPR	D	3.54%	1.21%	1.21%

NETL Overweight 19 Positions Relative to SPRE

Symbol	Grade	Weight
WPC	C	7.83%
VICI	C	7.76%
O	C	7.67%
STAG	D	7.63%
NNN	C	7.55%
GOOD	B	4.66%
ADC	A	4.3%
EPRT	B	4.29%
OLP	B	4.2%
GTY	A	4.17%
NTST	C	4.0%
BNL	D	3.99%
EPR	C	3.95%
LXP	D	3.88%
GNL	F	3.79%
PSTL	D	3.62%
FCPT	C	3.58%
GLPI	C	3.47%
PINE	C	1.71%

NETL Underweight 15 Positions Relative to SPRE

Symbol	Grade	Weight
EQIX	A	-12.35%
PLD	F	-11.97%
AVB	B	-10.89%
MAA	B	-5.25%
ELS	C	-5.19%
CPT	B	-5.15%
EQR	C	-5.01%
WY	F	-4.72%
CUBE	C	-4.49%
REXR	F	-4.09%
EGP	D	-3.52%
FR	D	-2.94%
TRNO	F	-2.52%
RYN	D	-1.65%
PCH	F	-1.23%

SPRE: Top Represented Industries & Keywords

Industries: REIT - Industrial REIT - Residential Lumber & Wood Production REIT - Diversified