RULE vs. VPU ETF Comparison

Comparison of Adaptive Core ETF (RULE) to Vanguard Utilities ETF - DNQ (VPU)

RULE

Adaptive Core ETF

RULE Description

Adaptive Core ETF seeks current income. The fund invests in individual equity securities without regard to market capitalization and ETFs that invest in equity securities of any market capitalization including convertible equity securities and fixed income ETFs. The fund’s portfolio may hold securities from issuers of any market capitalization, credit quality, maturity, or country. Fixed income securities may include securities with credit quality below investment grade (commonly referred to as “junk bond” credit quality).

Grade (RS Rating)

Last Trade

$23.38

Average Daily Volume

5,906

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VPU

Vanguard Utilities ETF - DNQ

VPU Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Utilities 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the utilities sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$176.53

Average Daily Volume

210,223

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RULE	VPU
30 Days	6.08%	2.07%
60 Days	7.22%	2.87%
90 Days	6.92%	9.09%
12 Months	21.81%	35.28%

1 Overlapping Holdings

	Symbol	Grade	Weight in RULE	Weight in VPU	Overlap
	VST	B	2.96%	3.28%	2.96%

RULE Overweight 34 Positions Relative to VPU

Symbol	Grade	Weight
BIL	A	4.27%
JPST	A	4.26%
CRM	B	3.6%
APO	A	3.39%
WMB	B	3.07%
EQIX	A	3.05%
PCAR	B	3.04%
XLG	B	3.04%
AON	A	3.04%
SPHQ	A	3.03%
CAH	B	3.0%
INTU	C	2.95%
V	A	2.95%
IWF	B	2.91%
FI	A	2.91%
BK	A	2.88%
PH	A	2.87%
CTAS	B	2.84%
GWW	A	2.82%
UBER	D	2.8%
NFLX	B	2.78%
PGR	A	2.72%
HD	A	2.7%
FTNT	C	2.67%
RMD	C	2.65%
FCNCA	B	2.59%
URI	B	2.57%
GPN	C	2.51%
IRM	C	2.47%
VRT	B	2.41%
IBM	C	2.35%
PAYX	B	2.18%
ADBE	C	1.94%
ARES	B	1.81%

RULE Underweight 65 Positions Relative to VPU

Symbol	Grade	Weight
NEE	D	-12.29%
SO	D	-7.22%
DUK	C	-6.71%
CEG	D	-6.26%
SRE	A	-3.98%
AEP	D	-3.93%
D	C	-3.77%
PEG	A	-3.36%
PCG	B	-3.1%
EXC	D	-2.97%
XEL	A	-2.8%
ED	D	-2.65%
ETR	B	-2.49%
EIX	A	-2.39%
WEC	A	-2.28%
AWK	D	-2.03%
DTE	C	-1.94%
PPL	B	-1.81%
ES	D	-1.75%
AEE	A	-1.75%
FE	D	-1.73%
ATO	A	-1.58%
CMS	C	-1.57%
NRG	C	-1.42%
CNP	A	-1.32%
NI	A	-1.19%
LNT	A	-1.16%
EVRG	A	-1.05%
AES	F	-0.88%
WTRG	B	-0.76%
PNW	B	-0.75%
OGE	A	-0.61%
IDA	B	-0.4%
NFG	B	-0.4%
UGI	A	-0.38%
POR	C	-0.37%
NJR	A	-0.34%
SWX	B	-0.32%
ORA	B	-0.32%
BKH	B	-0.31%
OGS	A	-0.3%
SR	A	-0.28%
ALE	A	-0.28%
PNM	F	-0.28%
MGEE	C	-0.25%
NWE	A	-0.25%
CWT	D	-0.23%
AWR	B	-0.23%
OTTR	C	-0.22%
AVA	B	-0.22%
AGR	B	-0.21%
CPK	A	-0.2%
CWEN	C	-0.18%
NEP	F	-0.14%
HE	C	-0.13%
SJW	D	-0.13%
NWN	A	-0.11%
MSEX	B	-0.08%
CWEN	C	-0.07%
UTL	B	-0.07%
NOVA	F	-0.05%
YORW	D	-0.04%
AMPS	C	-0.02%
MNTK	F	-0.02%
ARTNA	F	-0.02%