OCEN vs. ETEC ETF Comparison

Comparison of IQ Clean Oceans ETF (OCEN) to iShares Breakthrough Environmental Solutions ETF (ETEC)

OCEN

IQ Clean Oceans ETF

OCEN Description

The OCEN IQ Clean Oceans ETF tracks the IQ Clean Oceans Index, which seeks to track companies that help to protect and/or achieve cleaner oceans through reduced pollution and increased resource efficiency.

Grade (RS Rating)

Last Trade

$21.08

Average Daily Volume

157

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ETEC

iShares Breakthrough Environmental Solutions ETF

ETEC Description

ETEC provides exposure to global equities categorized as emerging green technology. Selection begins with the initial index universe that then excludes companies involved in controversial issues against UNGC principles. Stocks are reviewed to meet revenue derived from eight sustainable themes: energy efficiency, green buildings and transportation, pollution prevention and reduction, renewable energy, resource efficiency technologies and services, water, and sustainable agriculture, food, and forestry. The fund excludes companies with total sustainable product revenue less than 25%. The remaining stocks are screened further to only include companies classified as green technologies. Stocks are scored within the Rogers innovation adoption curve to determine their position across the innovators-laggards spectrum, which contributes to an aggregate score. The top 50 companies with the highest aggregate scores are selected. The market cap-weighted index is reconstituted annually in December and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$19.76

Average Daily Volume

519

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	OCEN	ETEC
30 Days	-5.06%	-3.35%
60 Days	-8.30%	-6.11%
90 Days	-6.82%	-3.59%
12 Months	4.03%	-7.07%

4 Overlapping Holdings

Symbol	Grade	Weight in OCEN	Weight in ETEC	Overlap
ENPH	F	0.73%	2.23%	0.73%
FSLR	F	1.72%	3.13%	1.72%
SEDG	F	0.13%	0.69%	0.13%
XYL	D	2.79%	2.7%	2.7%

OCEN Overweight 18 Positions Relative to ETEC

Symbol	Grade	Weight
IR	B	3.7%
INTC	C	3.67%
MSFT	D	3.3%
EXC	C	3.25%
ABBV	F	3.18%
NKE	F	2.98%
NXPI	D	2.82%
SW	A	2.42%
AWK	C	2.41%
BALL	F	1.8%
UMC	F	1.54%
WSM	C	1.5%
SUI	C	1.44%
AYI	B	0.95%
BMI	B	0.61%
ORA	B	0.29%
AGR	A	0.27%
OI	C	0.27%

OCEN Underweight 7 Positions Relative to ETEC

Symbol	Grade	Weight
BWA	D	-6.63%
TSLA	B	-5.59%
OLED	F	-5.09%
XPEV	C	-4.62%
LI	F	-3.34%
NIO	F	-2.44%
LCID	F	-1.15%

ETEC: Top Represented Industries & Keywords

Industries: Auto Manufacturers Semiconductor Equipment & Materials Solar Auto Parts Diversified Industrials