QHDG vs. QDEF ETF Comparison

Comparison of Innovator Hedged Nasdaq-100 ETF (QHDG) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

QHDG

Innovator Hedged Nasdaq-100 ETF

QHDG Description

The fund is an actively managed ETF that, under normal market circumstances, seeks to provide capital appreciation through exposure to the constituents in the Nasdaq-100® Index while providing a level of downside or "hedged" protection. It will invest at least 80% of its net assets in equity securities and option contracts that provide economic exposure to the Nasdaq-100.

Grade (RS Rating)

Last Trade

$25.22

Average Daily Volume

6,024

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

QDEF

FlexShares Quality Dividend Defensive Index Fund

QDEF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend Defensive IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility that is lower than that of the Northern Trust 1250 IndexSM. It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$70.93

Average Daily Volume

6,166

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	QHDG	QDEF
30 Days	1.29%	1.50%
60 Days		6.70%
90 Days		8.31%
12 Months		34.86%

21 Overlapping Holdings

Symbol	Grade	Weight in QHDG	Weight in QDEF	Overlap
AAPL	C	9.03%	6.16%	6.16%
ADP	A	0.75%	1.05%	0.75%
AVGO	C	5.29%	0.88%	0.88%
COST	C	2.72%	0.23%	0.23%
CSCO	A	1.39%	0.55%	0.55%
EA	D	0.25%	0.52%	0.25%
EXC	A	0.27%	0.41%	0.27%
FAST	C	0.27%	0.51%	0.27%
GILD	A	0.7%	0.95%	0.7%
GOOG	C	2.39%	1.03%	1.03%
GOOGL	C	2.48%	1.27%	1.27%
INTU	F	1.22%	1.22%	1.22%
KLAC	D	0.7%	0.96%	0.7%
META	A	5.03%	2.71%	2.71%
MSFT	C	8.35%	5.17%	5.17%
NVDA	C	7.37%	4.88%	4.88%
PAYX	A	0.32%	0.58%	0.32%
QCOM	D	1.26%	1.77%	1.26%
SBUX	B	0.72%	0.97%	0.72%
TMUS	A	1.56%	0.97%	0.97%
VRSK	D	0.25%	0.54%	0.25%

QHDG Overweight 80 Positions Relative to QDEF

Symbol	Grade	Weight
AMZN	C	5.14%
TSLA	B	2.97%
NFLX	C	2.01%
AMD	D	1.69%
ADBE	F	1.57%
PEP	D	1.56%
LIN	B	1.51%
TXN	C	1.23%
AMGN	D	1.2%
ISRG	C	1.16%
AMAT	D	1.07%
CMCSA	B	1.05%
HON	B	0.88%
REGN	D	0.87%
VRTX	D	0.81%
BKNG	C	0.79%
ADI	C	0.76%
PANW	D	0.75%
MU	D	0.67%
MELI	C	0.67%
MDLZ	C	0.66%
LRCX	F	0.64%
INTC	D	0.62%
CTAS	C	0.55%
PYPL	B	0.54%
CEG	B	0.53%
SNPS	F	0.5%
CDNS	D	0.49%
ASML	F	0.49%
MAR	B	0.47%
CRWD	D	0.47%
CSX	D	0.46%
PDD	D	0.45%
MRVL	C	0.43%
NXPI	F	0.4%
FTNT	C	0.39%
ORLY	A	0.39%
ROP	C	0.38%
ABNB	D	0.38%
ADSK	C	0.38%
DASH	B	0.36%
MNST	D	0.36%
AEP	B	0.36%
PCAR	D	0.35%
WDAY	D	0.35%
KDP	C	0.34%
ROST	C	0.34%
TTD	C	0.33%
CPRT	B	0.33%
CHTR	D	0.32%
AZN	D	0.3%
ODFL	D	0.28%
KHC	B	0.28%
MCHP	F	0.27%
GEHC	B	0.27%
IDXX	D	0.26%
CCEP	D	0.25%
CTSH	C	0.25%
XEL	A	0.24%
DDOG	D	0.24%
BKR	B	0.24%
CDW	D	0.21%
FANG	F	0.21%
LULU	D	0.21%
CSGP	F	0.21%
ANSS	D	0.2%
ON	F	0.2%
DXCM	F	0.19%
BIIB	F	0.19%
TEAM	D	0.18%
MRNA	F	0.17%
ZS	F	0.17%
TTWO	F	0.17%
SMCI	F	0.16%
ILMN	C	0.14%
GFS	F	0.14%
MDB	D	0.13%
WBD	D	0.13%
ARM	C	0.11%
DLTR	F	0.1%

QHDG Underweight 100 Positions Relative to QDEF

Symbol	Grade	Weight
JNJ	C	-3.22%
ABBV	A	-3.01%
HD	A	-2.99%
PG	C	-2.94%
MRK	F	-2.72%
IBM	C	-1.76%
PM	B	-1.56%
LMT	A	-1.11%
TJX	C	-0.99%
AMT	C	-0.99%
CI	C	-0.92%
DUK	B	-0.81%
MO	B	-0.79%
T	A	-0.75%
KO	B	-0.75%
ITW	B	-0.71%
VZ	A	-0.7%
CME	A	-0.69%
MMM	B	-0.68%
MSI	A	-0.67%
PSA	C	-0.65%
JPM	D	-0.64%
BK	C	-0.63%
MCK	F	-0.6%
AFL	A	-0.6%
D	A	-0.58%
FIS	C	-0.58%
RMD	C	-0.57%
EME	C	-0.56%
ESS	C	-0.56%
EQR	C	-0.56%
MAA	C	-0.56%
UMBF	C	-0.55%
KMB	B	-0.55%
LDOS	A	-0.54%
WTW	A	-0.54%
NSA	C	-0.54%
CPT	C	-0.54%
OHI	C	-0.54%
GIS	B	-0.53%
PPL	A	-0.53%
K	B	-0.53%
ED	A	-0.53%
PNW	A	-0.52%
ORI	A	-0.52%
BPOP	D	-0.52%
CSL	A	-0.52%
UNM	A	-0.52%
AVY	B	-0.52%
AIZ	A	-0.52%
MET	A	-0.52%
CSWI	B	-0.51%
CFR	D	-0.51%
NEP	D	-0.51%
WDFC	C	-0.51%
VIRT	C	-0.51%
DOX	B	-0.5%
BWXT	A	-0.5%
IRDM	C	-0.5%
OTIS	A	-0.5%
IPG	C	-0.5%
RDN	D	-0.5%
LSTR	D	-0.49%
HRB	C	-0.49%
WU	D	-0.48%
XOM	B	-0.48%
STNG	D	-0.47%
SWKS	F	-0.47%
WSM	C	-0.47%
LOW	A	-0.46%
CUBE	C	-0.46%
OGE	A	-0.46%
OMF	D	-0.46%
EXPD	B	-0.45%
SAIC	B	-0.44%
DELL	D	-0.41%
CHE	B	-0.41%
EBAY	A	-0.41%
EVRG	B	-0.4%
BSY	D	-0.4%
DPZ	D	-0.39%
BMY	B	-0.38%
MSM	D	-0.37%
VRT	B	-0.35%
STWD	C	-0.35%
V	C	-0.35%
WEC	A	-0.28%
MAS	A	-0.25%
PEG	A	-0.25%
NNN	A	-0.24%
MA	A	-0.22%
AVB	C	-0.18%
SCCO	B	-0.17%
CAH	B	-0.16%
ZTS	B	-0.12%
BAH	A	-0.12%
ROL	B	-0.12%
WMT	A	-0.11%
DDS	D	-0.1%
BAC	D	-0.02%