QQQN vs. CLDL ETF Comparison

Comparison of VictoryShares Nasdaq Next 50 ETF (QQQN) to Direxion Daily Cloud Computing Bull 2X Shares (CLDL)

QQQN

VictoryShares Nasdaq Next 50 ETF

QQQN Description

The investment seeks to provide investment results that track the performance of the Nasdaq Q-50 Index before fees and expenses. The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is composed of the 50 largest nonfinancial domestic and international companies listed on The Nasdaq Stock Market based on market capitalization after excluding the companies included in the Nasdaq-100 Index.

Grade (RS Rating)

Last Trade

$30.69

Average Daily Volume

7,908

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CLDL

Direxion Daily Cloud Computing Bull 2X Shares

CLDL Description

The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the the Indxx USA Cloud Computing Index. The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is provided by Indxx, LLC and includes domestic companies that deliver cloud computing infrastructure, platforms, or services. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$9.98

Average Daily Volume

7,461

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQQN	CLDL
30 Days	3.65%	7.26%
60 Days	4.96%	6.23%
90 Days	5.86%	9.38%
12 Months	25.44%	15.94%

3 Overlapping Holdings

Symbol	Grade	Weight in QQQN	Weight in CLDL	Overlap
AKAM	D	1.58%	2.32%	1.58%
MSTR	D	2.15%	3.12%	2.15%
ZM	C	1.92%	2.49%	1.92%

QQQN Overweight 46 Positions Relative to CLDL

Symbol	Grade	Weight
MPWR	C	4.44%
ALNY	C	3.5%
EBAY	B	3.26%
TSCO	C	3.21%
AXON	B	3.0%
ICLR	D	2.7%
APP	C	2.58%
NTAP	D	2.58%
FSLR	C	2.4%
STX	C	2.33%
CHKP	B	2.33%
WDC	D	2.23%
PTC	D	2.2%
TER	D	2.12%
HOLX	B	2.11%
ULTA	D	1.99%
VRSN	D	1.98%
SSNC	B	1.97%
JBHT	D	1.94%
STLD	F	1.9%
DKNG	C	1.88%
ZBRA	B	1.84%
EXPE	C	1.84%
ALGN	D	1.82%
SNY	B	1.8%
BMRN	F	1.75%
SWKS	D	1.75%
UAL	C	1.75%
ENTG	F	1.73%
TCOM	C	1.62%
ENPH	D	1.53%
BSY	D	1.46%
TRMB	C	1.45%
POOL	C	1.45%
LOGI	D	1.42%
GRAB	C	1.4%
JD	C	1.35%
NBIX	F	1.33%
BIDU	D	1.27%
OKTA	F	1.25%
NWSA	D	1.1%
BNTX	C	1.08%
FOXA	B	1.01%
FOX	B	0.95%
NWS	D	0.58%
LSXMK	D	0.53%

QQQN Underweight 44 Positions Relative to CLDL

Symbol	Grade	Weight
ORCL	C	-4.75%
ADBE	F	-4.35%
NOW	B	-4.34%
SAP	B	-4.29%
ADSK	C	-3.7%
VEEV	C	-3.6%
WDAY	D	-3.45%
TEAM	D	-3.18%
CRM	D	-3.12%
CRWD	D	-2.96%
SNOW	F	-2.7%
ZS	F	-2.37%
NTNX	C	-2.37%
DOCU	C	-1.83%
TWLO	D	-1.63%
PAYC	D	-1.35%
PCTY	C	-1.1%
SPSC	D	-1.09%
DBX	D	-0.98%
BILL	D	-0.83%
ACIW	B	-0.8%
BOX	C	-0.73%
QLYS	F	-0.72%
APPF	D	-0.7%
BLKB	C	-0.56%
WK	D	-0.55%
INFA	D	-0.52%
ALRM	F	-0.41%
BL	D	-0.4%
AI	F	-0.39%
CWAN	B	-0.36%
RNG	F	-0.36%
DOCN	A	-0.34%
FIVN	F	-0.32%
FRSH	F	-0.31%
NCNO	D	-0.3%
ZUO	F	-0.18%
PYCR	D	-0.16%
PRO	F	-0.12%
RDWR	C	-0.12%
VMEO	C	-0.12%
BLND	C	-0.09%
ENFN	D	-0.06%
SEMR	D	-0.05%