REW vs. RAYD ETF Comparison

Comparison of ProShares UltraShort Technology (REW) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

REW

ProShares UltraShort Technology

REW Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. TechnologySM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the technology sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.48

Average Daily Volume

41,525

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RAYD

The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF

RAYD Description

The Advisors' Inner Circle Fund III - Rayliant Quantitative Developed Market Equity ETF is an exchange traded fund launched by The Advisors Inner Circle Fund III. The fund is managed by Rayliant Investment Research. The fund invests in public equity markets across global developed region. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs quantitative analysis to create its portfolio. The fund employs proprietary and external research to create its portfolio. The Advisors' Inner Circle Fund III - Rayliant Quantitative Developed Market Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$30.74

Average Daily Volume

6,479

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	REW	RAYD
30 Days	2.11%	1.42%
60 Days	-0.03%	3.54%
90 Days	1.52%	4.66%
12 Months	-47.02%	32.97%

21 Overlapping Holdings

Symbol	Grade	Weight in REW	Weight in RAYD	Overlap
AAPL	C	18.06%	5.21%	5.21%
FICO	B	0.17%	0.21%	0.17%
GDDY	C	0.19%	0.25%	0.19%
GOOG	D	5.24%	0.36%	0.36%
GOOGL	D	5.25%	2.12%	2.12%
GRMN	D	0.21%	0.32%	0.21%
HPQ	D	0.48%	0.19%	0.19%
HUBS	D	0.11%	0.2%	0.11%
IBM	A	1.82%	0.57%	0.57%
INTC	F	3.85%	0.28%	0.28%
LDOS	B	0.2%	0.17%	0.17%
META	A	4.46%	1.24%	1.24%
MSFT	C	17.29%	5.07%	5.07%
MU	F	0.95%	0.3%	0.3%
NTAP	D	0.21%	0.22%	0.21%
NVDA	D	2.26%	6.08%	2.26%
PANW	C	0.35%	0.81%	0.35%
STX	C	0.21%	0.2%	0.2%
VEEV	C	0.29%	0.3%	0.29%
VRSN	D	0.33%	0.26%	0.26%
XRX	F	0.1%	0.22%	0.1%

REW Overweight 67 Positions Relative to RAYD

Symbol	Grade	Weight
CSCO	B	3.09%
ADBE	F	2.51%
CRM	D	2.4%
TXN	C	1.83%
AVGO	C	1.82%
ORCL	B	1.77%
QCOM	F	1.63%
INTU	C	1.09%
NOW	A	0.87%
AMAT	D	0.86%
AMD	D	0.84%
LRCX	F	0.66%
ADI	C	0.65%
ADSK	C	0.63%
CTSH	C	0.51%
MSI	B	0.45%
WDAY	D	0.44%
KLAC	D	0.42%
EBAY	B	0.41%
MCHP	D	0.39%
SNPS	D	0.34%
ANSS	D	0.34%
CDNS	D	0.31%
SWKS	F	0.31%
IAC	C	0.3%
WDC	D	0.3%
HPE	D	0.29%
CDW	D	0.29%
MRVL	C	0.28%
FTNT	B	0.25%
AKAM	D	0.23%
PAYC	D	0.22%
TWLO	C	0.22%
SNAP	F	0.22%
SSNC	B	0.21%
OKTA	F	0.21%
IT	A	0.21%
RNG	D	0.21%
QRVO	F	0.2%
LUMN	C	0.2%
EPAM	F	0.19%
ANET	A	0.18%
TYL	C	0.18%
BAH	B	0.17%
TTD	B	0.17%
TER	D	0.17%
DOX	C	0.15%
ON	F	0.15%
DXC	C	0.14%
GWRE	A	0.14%
AZPN	B	0.14%
OLED	C	0.13%
DOCU	C	0.13%
DELL	C	0.12%
JNPR	A	0.12%
FFIV	B	0.12%
PTC	D	0.12%
DAY	D	0.11%
MPWR	C	0.11%
ENTG	D	0.11%
CIEN	C	0.1%
CACI	B	0.1%
LITE	B	0.09%
SNX	D	0.09%
Z	B	0.09%
ETSY	F	0.09%
MKSI	F	0.09%

REW Underweight 90 Positions Relative to RAYD

Symbol	Grade	Weight
AMZN	C	-3.3%
COST	B	-2.5%
LLY	C	-1.87%
BKNG	B	-1.85%
MA	B	-1.8%
EME	A	-1.5%
SPOT	B	-1.44%
BRBR	C	-1.42%
MELI	B	-1.33%
PGR	A	-1.12%
MCK	F	-1.1%
ALL	B	-1.04%
SFM	B	-0.88%
NVS	C	-0.85%
DTM	A	-0.85%
JNJ	C	-0.84%
MO	C	-0.8%
T	C	-0.78%
CL	C	-0.65%
RGA	B	-0.65%
MORN	B	-0.64%
MUSA	D	-0.64%
MRK	D	-0.63%
PG	C	-0.59%
MMC	C	-0.59%
MMM	A	-0.57%
MEDP	D	-0.52%
ADP	B	-0.52%
THC	B	-0.51%
ANF	D	-0.5%
ABBV	C	-0.5%
CMI	C	-0.48%
V	C	-0.47%
DECK	D	-0.46%
VRTX	D	-0.46%
PRU	C	-0.44%
CRWD	D	-0.44%
CR	C	-0.41%
NU	B	-0.41%
HCA	A	-0.41%
WFRD	F	-0.4%
GM	B	-0.39%
COKE	C	-0.39%
CMG	C	-0.38%
NFLX	B	-0.37%
TEAM	D	-0.35%
ORI	B	-0.34%
VRSK	D	-0.34%
APP	B	-0.33%
HRB	C	-0.3%
HIG	B	-0.29%
GS	C	-0.28%
PINS	F	-0.28%
CHKP	A	-0.28%
TEVA	D	-0.27%
GRAB	B	-0.26%
WING	B	-0.26%
TW	B	-0.25%
TSN	D	-0.24%
ERIE	B	-0.22%
UBER	C	-0.22%
DASH	B	-0.22%
PM	C	-0.21%
FANG	D	-0.21%
SMAR	C	-0.21%
VZ	B	-0.21%
LOGI	D	-0.21%
HLI	A	-0.2%
LPLA	F	-0.2%
DIS	D	-0.2%
DFS	B	-0.2%
NKE	D	-0.2%
MTG	B	-0.2%
TRGP	B	-0.2%
MANH	A	-0.2%
ALNY	C	-0.19%
UTHR	C	-0.19%
NTNX	C	-0.19%
WWD	C	-0.18%
DBX	D	-0.18%
RPRX	D	-0.18%
TPL	A	-0.18%
MNDY	A	-0.18%
FTI	D	-0.18%
DXCM	F	-0.18%
AER	B	-0.17%
LULU	D	-0.16%
CYBR	C	-0.16%
NRG	A	-0.15%
NBIX	F	-0.14%