OPTZ vs. QTUM ETF Comparison

Comparison of Optimize Strategy Index ETF (OPTZ) to Defiance Quantum ETF (QTUM)

OPTZ

Optimize Strategy Index ETF

OPTZ Description

OPTZ seeks to track a broad market index consisting of US-listed equities that meet certain market-cap threshold and liquidity requirements. To be included in the fund, eligible large-cap and small-cap companies are evaluated and ranked within their own sector. Large cap companies are ranked based on the ratio of current EPS over the trailing 10-year average EPS, the current P/E ratio, and the 2-year forward EPS growth estimate. Small-cap companies are ranked solely on their P/S ratio. Within these two groups, the top 20% are selected from each sector. The index weights the sectors using the sum of the market capitalization of all constituents in each sector and within each sector each constituent is equally weighted. Reconstitution and rebalancing are done semi-annually.

Grade (RS Rating)

Last Trade

$29.81

Average Daily Volume

6,545

Number of Holdings ^*

320

* may have additional holdings in another (foreign) market

QTUM

Defiance Quantum ETF

QTUM Description

The investment seeks to track the total return performance, before fees and expenses, of the BlueStar Quantum Computing and Machine Learning Index (the "index"). 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 or in depositary receipts representing such component securities. The index consists of a modified equal-weighted portfolio of the stock of companies whose products or services are predominantly tied to the development of quantum computing and machine learning technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$64.55

Average Daily Volume

34,533

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	OPTZ	QTUM
30 Days	2.12%	2.54%
60 Days	7.25%	7.18%
90 Days	9.60%	5.71%
12 Months		31.58%

11 Overlapping Holdings

Symbol	Grade	Weight in OPTZ	Weight in QTUM	Overlap
AMAT	F	1.1%	1.08%	1.08%
AMD	F	1.1%	1.25%	1.1%
BAH	D	1.22%	1.64%	1.22%
CDNS	B	1.22%	1.31%	1.22%
CRUS	F	0.8%	1.15%	0.8%
ESTC	C	0.14%	1.07%	0.14%
HON	A	0.14%	1.47%	0.14%
IBM	D	1.04%	1.72%	1.04%
INTC	C	1.37%	1.11%	1.11%
NVDA	B	1.46%	1.58%	1.46%
SNPS	C	1.21%	1.28%	1.21%

OPTZ Overweight 309 Positions Relative to QTUM

Symbol	Grade	Weight
APP	A	1.97%
TTMI	B	1.43%
CRM	A	1.32%
CRWD	B	1.3%
BHE	B	1.29%
ANET	C	1.29%
DELL	C	1.28%
QLYS	C	1.26%
NOW	B	1.24%
ITRI	B	1.24%
FFIV	B	1.23%
GDDY	A	1.2%
MSI	A	1.18%
WIX	A	1.08%
INFN	C	1.08%
AAPL	C	1.04%
DJT	C	1.03%
VZIO	A	1.02%
VRSN	D	1.02%
ROP	C	1.01%
FSLR	F	0.95%
LUMN	C	0.9%
ACLS	F	0.88%
IDCC	A	0.76%
RNG	B	0.74%
TMUS	A	0.7%
ZM	B	0.69%
NFLX	A	0.68%
META	C	0.67%
DIS	A	0.64%
EA	A	0.63%
CMCSA	B	0.63%
T	A	0.61%
CVNA	A	0.55%
EAT	A	0.52%
AMC	C	0.5%
TSLA	B	0.48%
NCLH	B	0.48%
WWW	A	0.47%
NPAB	F	0.46%
RCL	A	0.45%
WOOF	D	0.44%
RL	B	0.4%
UNFI	A	0.39%
LVS	C	0.39%
HBI	A	0.39%
AMZN	B	0.38%
SIG	B	0.38%
MAR	A	0.38%
DECK	A	0.38%
GRMN	B	0.37%
COIN	A	0.36%
LULU	C	0.36%
DPZ	C	0.35%
WHR	A	0.35%
PCT	C	0.35%
ORLY	A	0.34%
BZH	B	0.34%
PVH	C	0.34%
ANF	C	0.34%
LOW	A	0.34%
FIVE	F	0.33%
WYNN	D	0.33%
CHDN	C	0.33%
SBH	A	0.33%
BURL	C	0.32%
ALV	C	0.32%
MCD	D	0.32%
YETI	F	0.31%
ETSY	D	0.31%
ULTA	D	0.31%
ODP	F	0.3%
TAP	A	0.3%
COST	B	0.3%
ENR	A	0.3%
LNW	D	0.3%
DKS	D	0.29%
DOLE	D	0.29%
APO	A	0.29%
WBA	F	0.28%
CHD	A	0.28%
ROST	D	0.28%
GPC	D	0.28%
TGT	D	0.27%
CVS	F	0.27%
LEA	F	0.27%
LC	B	0.27%
APTV	F	0.26%
EWTX	C	0.26%
MELI	D	0.26%
DAN	F	0.26%
PEP	F	0.26%
STZ	D	0.26%
KKR	A	0.25%
AX	A	0.25%
BG	D	0.24%
CL	D	0.24%
CAL	D	0.24%
GS	A	0.24%
AMP	A	0.24%
FI	A	0.24%
CROX	F	0.24%
TROW	A	0.23%
CPAY	A	0.23%
SQ	A	0.23%
AXP	A	0.23%
ARES	B	0.23%
BHF	A	0.23%
TRV	A	0.22%
CINF	A	0.22%
V	A	0.22%
COOP	B	0.22%
STRL	B	0.21%
AXON	A	0.21%
PGR	B	0.21%
LDI	C	0.21%
MSCI	A	0.21%
ALL	A	0.21%
BFH	A	0.21%
PRG	A	0.21%
PRU	A	0.21%
SIGI	A	0.21%
AER	B	0.21%
AGO	A	0.21%
BR	A	0.21%
BRO	B	0.21%
LBPH	A	0.21%
AIZ	A	0.21%
WTW	B	0.21%
VRT	A	0.21%
MCO	C	0.2%
CRS	A	0.2%
GPN	B	0.2%
GL	B	0.2%
MKTX	C	0.2%
GATO	D	0.2%
RNR	D	0.2%
ZIM	A	0.19%
ICE	D	0.19%
PMT	D	0.19%
NATL	B	0.19%
CME	A	0.19%
SPGI	C	0.19%
HIG	C	0.19%
HASI	F	0.18%
LPX	A	0.18%
INCY	B	0.18%
EME	B	0.18%
FIX	A	0.18%
DAL	A	0.18%
PAYC	B	0.18%
VMC	B	0.18%
NAVI	D	0.18%
XPO	B	0.18%
SKYW	A	0.18%
ACGL	C	0.18%
CBOE	D	0.18%
EXP	B	0.18%
CB	C	0.18%
AVNT	A	0.17%
VERA	B	0.17%
GNRC	B	0.17%
PCTY	B	0.17%
APD	A	0.17%
AKRO	C	0.17%
CLOV	C	0.17%
GTLS	A	0.17%
MLM	B	0.17%
SHW	B	0.16%
DOCU	A	0.16%
SAIA	B	0.16%
ETNB	D	0.16%
AIT	A	0.16%
HQY	A	0.16%
PWR	A	0.16%
TPC	C	0.16%
JBLU	C	0.15%
TT	A	0.15%
ISRG	A	0.15%
PH	A	0.15%
BV	C	0.15%
PEGA	B	0.15%
SNDX	D	0.15%
PNR	A	0.15%
PCAR	B	0.15%
ETN	A	0.15%
DAWN	D	0.15%
JAZZ	A	0.15%
PEN	B	0.15%
WAB	B	0.15%
ACHR	B	0.15%
EMN	C	0.15%
HUBB	B	0.15%
UTHR	B	0.15%
PODD	A	0.15%
URI	B	0.15%
DGX	A	0.14%
GFF	A	0.14%
SYK	A	0.14%
NBIX	D	0.14%
MANH	D	0.14%
LIVN	C	0.14%
PBI	C	0.14%
MRC	B	0.14%
WWD	B	0.14%
ASH	F	0.14%
COR	B	0.14%
REVG	A	0.14%
CAH	B	0.14%
THC	C	0.14%
WST	C	0.14%
LECO	C	0.14%
LIN	D	0.14%
STGW	B	0.14%
VRTX	C	0.14%
CAT	B	0.14%
ECL	D	0.14%
VRSK	B	0.13%
UNH	B	0.13%
SHC	D	0.13%
ZBH	C	0.13%
DVA	C	0.13%
SAVA	C	0.13%
MOH	F	0.13%
PHIN	A	0.13%
OSK	C	0.13%
KRYS	D	0.13%
BAX	F	0.12%
BA	F	0.12%
TMO	D	0.12%
IQV	F	0.12%
AHCO	D	0.12%
STE	D	0.12%
AOS	F	0.12%
RPRX	F	0.12%
KURA	F	0.12%
XYL	D	0.12%
RSG	B	0.12%
VNO	B	0.12%
COGT	D	0.12%
WDAY	B	0.12%
FDX	A	0.12%
SRPT	F	0.12%
ALGN	D	0.12%
CBRE	B	0.11%
ADBE	F	0.11%
EXPI	C	0.11%
OMI	F	0.11%
DLR	A	0.11%
CGEM	F	0.11%
LNTH	F	0.11%
EFX	F	0.11%
DYN	F	0.11%
UHS	D	0.11%
IDXX	F	0.11%
SPG	A	0.1%
RHP	B	0.1%
SBRA	C	0.1%
EQIX	B	0.1%
OGN	F	0.1%
WELL	A	0.1%
UNIT	B	0.1%
CE	F	0.1%
ELS	B	0.09%
PRIM	A	0.09%
HII	F	0.09%
TDW	F	0.09%
RDFN	D	0.09%
PK	C	0.09%
PEB	F	0.09%
LAMR	D	0.09%
WY	D	0.09%
ICLR	F	0.09%
NMRK	B	0.09%
SANA	F	0.08%
REXR	F	0.08%
NVRI	F	0.08%
SBAC	D	0.08%
EGP	D	0.08%
NEXT	B	0.08%
CPT	D	0.08%
KNTK	A	0.07%
BKR	A	0.07%
WMB	A	0.07%
CEG	D	0.07%
DTM	A	0.07%
TRGP	A	0.07%
BKD	F	0.07%
AMT	D	0.07%
ETR	A	0.06%
SLB	C	0.06%
OII	B	0.06%
FTI	A	0.06%
WHD	B	0.06%
NRG	B	0.06%
APA	F	0.05%
VAL	F	0.05%
DTE	C	0.05%
DUK	C	0.05%
SO	C	0.05%
DK	D	0.05%
SWX	A	0.05%
WFRD	F	0.05%
ATO	A	0.05%
WKC	C	0.05%
AES	F	0.04%
NFE	F	0.04%
EIX	C	0.04%
HE	D	0.04%

OPTZ Underweight 39 Positions Relative to QTUM

Symbol	Grade	Weight
MSTR	B	-3.19%
QBTS	B	-2.38%
RGTI	B	-2.25%
COHR	B	-2.02%
RDNT	B	-1.9%
WIT	B	-1.71%
MRVL	B	-1.71%
NOC	D	-1.7%
ACN	C	-1.7%
LMT	D	-1.69%
BABA	D	-1.66%
NOK	B	-1.63%
RTX	D	-1.59%
TSM	B	-1.53%
JNPR	D	-1.49%
TXN	C	-1.48%
HPE	B	-1.43%
GOOGL	B	-1.38%
ABBV	F	-1.35%
MSFT	D	-1.29%
BIDU	F	-1.27%
ADI	D	-1.26%
NVEC	D	-1.26%
ON	F	-1.25%
TDC	F	-1.2%
MKSI	D	-1.14%
LSCC	D	-1.13%
SYNA	C	-1.12%
NXPI	F	-1.09%
KLAC	F	-1.09%
ONTO	F	-1.06%
QCOM	F	-1.06%
MU	D	-1.05%
MCHP	F	-1.01%
FORM	F	-1.0%
LRCX	F	-1.0%
TER	F	-0.99%
ASML	F	-0.85%
STM	F	-0.81%