QTUM vs. SIZE ETF Comparison

Comparison of Defiance Quantum ETF (QTUM) to iShares MSCI USA Size Factor (SIZE)

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

$61.19

Average Daily Volume

43,862

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SIZE

iShares MSCI USA Size Factor

SIZE Description

The investment seeks to track the performance of MSCI USA Risk Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with relatively smaller average market capitalization, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Risk Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$147.94

Average Daily Volume

4,160

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	QTUM	SIZE
30 Days	-1.72%	2.44%
60 Days	-4.06%	4.40%
90 Days	-2.50%	7.48%
12 Months	29.37%	26.83%

12 Overlapping Holdings

Symbol	Grade	Weight in QTUM	Weight in SIZE	Overlap
ACN	C	1.78%	1.68%	1.68%
AMAT	D	1.19%	1.33%	1.19%
CDNS	D	1.31%	0.55%	0.55%
GOOGL	D	1.36%	1.65%	1.36%
KLAC	D	1.34%	0.95%	0.95%
LMT	B	1.87%	1.17%	1.17%
LRCX	F	1.1%	0.81%	0.81%
MSFT	C	1.48%	4.74%	1.48%
NVDA	D	1.37%	5.9%	1.37%
QCOM	F	1.18%	1.22%	1.18%
SNPS	D	1.27%	0.48%	0.48%
TXN	C	1.53%	1.36%	1.36%

QTUM Overweight 39 Positions Relative to SIZE

Symbol	Grade	Weight
IBM	A	1.93%
NOC	A	1.85%
ORAN	B	1.8%
COHR	B	1.74%
WIT	C	1.73%
NOK	C	1.67%
RTX	C	1.67%
JNPR	A	1.66%
RDNT	B	1.65%
BABA	B	1.64%
QBTS	F	1.57%
BAH	B	1.54%
CRUS	D	1.5%
MRVL	C	1.48%
TSM	C	1.47%
HON	D	1.47%
ABBV	C	1.47%
ADI	C	1.41%
AMD	D	1.4%
ON	F	1.4%
MSTR	D	1.39%
BIDU	F	1.36%
RGTI	F	1.35%
HPE	D	1.33%
NVEC	D	1.32%
TER	D	1.3%
TDC	F	1.29%
ONTO	D	1.27%
LSCC	D	1.25%
NXPI	D	1.24%
MCHP	D	1.22%
MKSI	F	1.2%
SYNA	F	1.18%
FORM	F	1.13%
ASML	F	1.12%
INTC	F	1.02%
ESTC	F	0.99%
STM	F	0.94%
MU	F	0.94%

QTUM Underweight 111 Positions Relative to SIZE

Symbol	Grade	Weight
AAPL	C	-5.47%
LLY	C	-4.3%
V	C	-4.24%
MA	B	-4.06%
META	A	-3.93%
UNH	C	-2.87%
COST	B	-2.62%
JNJ	C	-2.35%
TJX	C	-2.06%
ADBE	F	-1.91%
KO	B	-1.69%
ADP	B	-1.66%
COP	D	-1.62%
CSCO	B	-1.53%
NFLX	B	-1.51%
NKE	D	-1.47%
GOOG	D	-1.43%
CAT	B	-1.28%
PEP	D	-1.25%
CMG	C	-1.23%
LIN	B	-1.21%
DHI	C	-0.86%
SRE	B	-0.85%
BLK	B	-0.85%
SLB	F	-0.84%
PLD	C	-0.83%
MMC	C	-0.78%
ANET	A	-0.71%
ITW	C	-0.69%
PEG	A	-0.67%
VRTX	D	-0.66%
PSA	B	-0.6%
CTAS	C	-0.59%
SHW	B	-0.58%
LULU	D	-0.56%
ZTS	C	-0.56%
MCO	A	-0.55%
NVR	B	-0.55%
ED	C	-0.55%
MMM	A	-0.53%
CME	C	-0.51%
GWW	A	-0.5%
PHM	B	-0.48%
PAYX	C	-0.47%
APH	C	-0.46%
TSCO	C	-0.45%
DECK	D	-0.44%
GRMN	D	-0.41%
AFL	C	-0.41%
ATO	B	-0.38%
IDXX	D	-0.36%
FAST	C	-0.36%
TPL	A	-0.35%
ULTA	D	-0.33%
APD	B	-0.32%
CBRE	A	-0.32%
WSM	D	-0.32%
BBY	C	-0.31%
ODFL	D	-0.3%
MPWR	C	-0.29%
ACGL	B	-0.29%
CSGP	D	-0.29%
FERG	D	-0.28%
AMP	B	-0.26%
AVB	C	-0.25%
EW	F	-0.25%
VLTO	B	-0.23%
NTAP	D	-0.22%
POOL	D	-0.22%
A	C	-0.22%
MNST	D	-0.21%
APA	F	-0.2%
ROK	F	-0.2%
RMD	C	-0.19%
MANH	A	-0.19%
EQR	C	-0.19%
EQT	D	-0.18%
HSY	D	-0.18%
EA	D	-0.18%
TROW	D	-0.17%
PPG	D	-0.16%
KEYS	C	-0.16%
VEEV	C	-0.16%
CBOE	C	-0.15%
SMCI	F	-0.15%
EXPD	C	-0.13%
EME	A	-0.13%
MOH	D	-0.12%
LPLA	F	-0.12%
WST	D	-0.12%
ROL	C	-0.12%
WAT	C	-0.12%
OMC	B	-0.11%
ENPH	D	-0.11%
WSO	C	-0.11%
ERIE	B	-0.11%
FDS	C	-0.11%
JKHY	C	-0.1%
GGG	C	-0.1%
AVY	D	-0.09%
PKG	B	-0.09%
UTHR	C	-0.08%
RS	D	-0.08%
AOS	D	-0.07%
MKTX	C	-0.07%
IPG	C	-0.06%
SEIC	C	-0.06%
AFG	B	-0.06%
PAYC	D	-0.06%
SOLV	C	-0.05%
WBA	F	-0.03%