RULE vs. XLK ETF Comparison

Comparison of Adaptive Core ETF (RULE) to SPDR Select Sector Fund - Technology (XLK)

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

$22.01

Average Daily Volume

13,384

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XLK

SPDR Select Sector Fund - Technology

XLK Description

The investment seeks investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Technology Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$224.65

Average Daily Volume

5,583,382

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RULE	XLK
30 Days	-0.59%	-3.50%
60 Days	1.26%	-1.68%
90 Days	-0.04%	-4.92%
12 Months	14.92%	29.03%

7 Overlapping Holdings

Symbol	Grade	Weight in RULE	Weight in XLK	Overlap
ADBE	D	2.14%	2.76%	2.14%
CRM	D	2.92%	2.59%	2.59%
FTNT	C	2.24%	0.5%	0.5%
INTU	D	2.92%	1.9%	1.9%
MSFT	C	2.65%	21.88%	2.65%
MSI	C	3.12%	0.77%	0.77%
NOW	A	3.11%	1.91%	1.91%

RULE Overweight 27 Positions Relative to XLK

Symbol	Grade	Weight
BIL	B	4.4%
JPST	B	4.39%
VEEV	C	3.51%
ISRG	C	3.2%
SPHQ	B	3.09%
REGN	C	3.08%
SPGI	B	3.07%
BAX	C	3.04%
BRO	C	3.03%
FCNCA	D	2.98%
COST	C	2.97%
XLG	B	2.97%
CAH	C	2.91%
META	A	2.86%
AON	B	2.85%
RMD	C	2.83%
IWF	B	2.82%
BLDR	C	2.8%
VRSK	D	2.65%
BK	A	2.59%
CPAY	B	2.58%
IRM	B	2.58%
IR	C	2.48%
AXON	B	2.45%
WMT	B	2.4%
NFLX	B	2.35%
DASH	C	2.13%

RULE Underweight 59 Positions Relative to XLK

Symbol	Grade	Weight
NVDA	D	-20.2%
AAPL	D	-4.89%
AVGO	C	-4.42%
ORCL	B	-2.71%
AMD	F	-2.56%
ACN	C	-2.31%
CSCO	B	-2.11%
IBM	B	-2.04%
QCOM	D	-1.94%
TXN	C	-1.88%
AMAT	D	-1.6%
PANW	D	-1.17%
ADI	D	-1.16%
KLAC	D	-1.04%
LRCX	F	-1.03%
MU	F	-1.02%
ANET	B	-0.95%
INTC	F	-0.87%
APH	D	-0.8%
SNPS	D	-0.78%
CDNS	D	-0.77%
ROP	C	-0.62%
CRWD	F	-0.62%
NXPI	D	-0.61%
ADSK	B	-0.58%
FICO	A	-0.48%
MPWR	C	-0.46%
TEL	D	-0.46%
MCHP	D	-0.43%
IT	B	-0.41%
CTSH	C	-0.4%
GLW	B	-0.34%
CDW	D	-0.31%
ON	D	-0.31%
HPQ	D	-0.3%
ANSS	F	-0.29%
FSLR	C	-0.27%
KEYS	C	-0.27%
TYL	C	-0.26%
NTAP	D	-0.25%
GDDY	C	-0.23%
HPE	D	-0.23%
SMCI	F	-0.23%
PTC	D	-0.22%
WDC	D	-0.22%
STX	D	-0.21%
TER	D	-0.21%
TDY	C	-0.21%
ZBRA	B	-0.18%
SWKS	F	-0.17%
AKAM	D	-0.16%
VRSN	D	-0.16%
ENPH	C	-0.15%
TRMB	C	-0.14%
FFIV	A	-0.13%
JBL	D	-0.13%
JNPR	A	-0.13%
EPAM	D	-0.12%
QRVO	F	-0.11%