QQQN vs. XSD ETF Comparison

Comparison of VictoryShares Nasdaq Next 50 ETF (QQQN) to SPDR S&P Semiconductor ETF (XSD)

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

$29.06

Average Daily Volume

6,632

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XSD

SPDR S&P Semiconductor ETF

XSD Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the semiconductor segment of a U.S. total market composite index. In seeking to track the performance of the S&P Semiconductor Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the semiconductors industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$253.99

Average Daily Volume

36,203

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQQN	XSD
30 Days	2.07%	3.43%
60 Days	3.63%	12.39%
90 Days	0.48%	11.85%
12 Months	11.04%	14.25%

3 Overlapping Holdings

Symbol	Grade	Weight in QQQN	Weight in XSD	Overlap
FSLR	C	2.78%	2.96%	2.78%
MPWR	A	4.11%	3.21%	3.21%
SWKS	C	1.76%	3.25%	1.76%

QQQN Overweight 46 Positions Relative to XSD

Symbol	Grade	Weight
SMCI	C	4.49%
ALNY	A	3.25%
TSCO	D	3.0%
NTAP	A	2.77%
EBAY	B	2.77%
ICLR	B	2.69%
WDC	B	2.6%
MSTR	D	2.5%
TER	A	2.4%
APP	A	2.37%
AXON	C	2.34%
STX	B	2.27%
PTC	B	2.26%
ENTG	B	2.11%
STLD	D	2.04%
ULTA	D	1.92%
CHKP	A	1.91%
ALGN	D	1.9%
VRSN	C	1.85%
DKNG	F	1.84%
HOLX	C	1.8%
JBHT	F	1.69%
EXPE	C	1.65%
UAL	D	1.65%
BMRN	D	1.65%
ZBRA	C	1.64%
SSNC	B	1.6%
ZM	D	1.6%
OKTA	C	1.55%
TCOM	C	1.55%
LOGI	C	1.54%
ENPH	F	1.49%
BSY	D	1.49%
AKAM	F	1.43%
NBIX	C	1.41%
GRAB	C	1.41%
TRMB	D	1.41%
SNY	B	1.41%
JD	D	1.31%
BIDU	D	1.29%
POOL	F	1.23%
NWSA	A	1.09%
FOXA	A	0.82%
BNTX	F	0.82%
FOX	A	0.78%
NWS	A	0.57%

QQQN Underweight 35 Positions Relative to XSD

Symbol	Grade	Weight
OLED	A	-3.26%
CRUS	A	-3.26%
QRVO	B	-3.24%
CRDO	B	-3.23%
MTSI	A	-3.21%
INTC	D	-3.19%
PI	C	-3.18%
SMTC	D	-3.18%
TXN	B	-3.17%
AMD	B	-3.17%
NXPI	B	-3.17%
ADI	B	-3.15%
MU	C	-3.15%
ALGM	C	-3.13%
MCHP	C	-3.08%
NVDA	B	-3.02%
RMBS	D	-3.01%
ON	D	-2.98%
LSCC	D	-2.98%
QCOM	B	-2.96%
SLAB	D	-2.95%
MRVL	C	-2.94%
AVGO	B	-2.88%
WOLF	F	-2.57%
SYNA	D	-2.42%
AMBA	B	-2.39%
POWI	D	-2.32%
DIOD	D	-1.97%
SITM	B	-1.76%
SGH	B	-1.65%
MXL	B	-1.31%
INDI	F	-1.25%
AOSL	B	-0.32%
CEVA	F	-0.22%
NVEC	D	-0.12%