RVRB vs. HLAL ETF Comparison

Comparison of Reverb ETF (RVRB) to Wahed FTSE USA Shariah ETF (HLAL)

RVRB

Reverb ETF

RVRB Description

The fund will invest in equity securities of companies that are publicly listed on one or more major U.S. national securities exchanges and which are among the largest approximately 500 domestic equity companies as determined by the Adviser on the basis of their free float market capitalization (the "Investable Universe"). In managing the fund, the Adviser employs a market "sentiment" based investment strategy, determined in accordance with its own proprietary web-based algorithm (the "Reverberate App" or the "App"), to adjust the weightings of positions in the fund"s portfolio.

Grade (RS Rating)

Last Trade

$31.38

Average Daily Volume

212

Number of Holdings ^*

510

* may have additional holdings in another (foreign) market

HLAL

Wahed FTSE USA Shariah ETF

HLAL Description

The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The index is composed of common stocks of large and mid-capitalization U.S. companies the characteristics of which meet the requirements of the Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.60

Average Daily Volume

60,755

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	RVRB	HLAL
30 Days	3.12%	2.35%
60 Days	5.02%	1.62%
90 Days	7.06%	3.31%
12 Months	31.49%	20.13%

180 Overlapping Holdings

	Symbol	Grade	Weight in RVRB	Weight in HLAL	Overlap
	A	D	0.07%	0.17%	0.07%
	AAPL	C	5.64%	14.91%	5.64%
	ABT	B	0.35%	0.9%	0.35%
	ADBE	C	0.41%	0.98%	0.41%
	ADI	D	0.19%	0.47%	0.19%
	ADM	D	0.04%	0.11%	0.04%
	ADP	B	0.21%	0.55%	0.21%
	ADSK	A	0.12%	0.3%	0.12%
	AGR	B	0.01%	0.01%	0.01%
	AKAM	D	0.01%	0.06%	0.01%
	ALB	C	0.01%	0.06%	0.01%
	ALGN	D	0.03%	0.08%	0.03%
	AMAT	F	0.27%	0.63%	0.27%
	AMD	F	0.39%	0.99%	0.39%
	ANSS	B	0.04%	0.13%	0.04%
	APD	A	0.12%	0.33%	0.12%
	APTV	D	0.02%	0.06%	0.02%
	ARE	D	0.03%	0.08%	0.03%
	ATO	A	0.04%	0.1%	0.04%
	AXON	A	0.04%	0.2%	0.04%
	BDX	F	0.12%	0.29%	0.12%
	BG	F	0.01%	0.06%	0.01%
	BIIB	F	0.04%	0.1%	0.04%
	BKR	B	0.08%	0.2%	0.08%
	BLDR	D	0.03%	0.09%	0.03%
	BMRN	D	0.01%	0.05%	0.01%
	BSX	B	0.24%	0.6%	0.24%
	BURL	A	0.02%	0.08%	0.02%
	CAH	B	0.05%	0.13%	0.05%
	CARR	D	0.12%	0.28%	0.12%
	CDNS	B	0.16%	0.37%	0.16%
	CEG	D	0.13%	0.33%	0.13%
	CF	B	0.02%	0.07%	0.02%
	CHD	B	0.05%	0.12%	0.05%
	CMI	A	0.09%	0.22%	0.09%
	COP	C	0.23%	0.6%	0.23%
	COR	B	0.08%	0.18%	0.08%
	CRM	B	0.55%	1.36%	0.55%
	CSCO	B	0.41%	1.04%	0.41%
	CTAS	B	0.17%	0.34%	0.17%
	CTVA	C	0.07%	0.18%	0.07%
	CVX	A	0.52%	1.24%	0.52%
	DAL	C	0.07%	0.05%	0.05%
	DD	D	0.06%	0.15%	0.06%
	DELL	C	0.16%	0.16%	0.16%
	DGX	A	0.03%	0.08%	0.03%
	DHI	D	0.09%	0.22%	0.09%
	DHR	F	0.31%	0.67%	0.31%
	DLTR	F	0.02%	0.06%	0.02%
	DOV	A	0.05%	0.12%	0.05%
	DOW	F	0.06%	0.12%	0.06%
	DVN	F	0.05%	0.11%	0.05%
	EA	A	0.07%	0.2%	0.07%
	EBAY	D	0.06%	0.14%	0.06%
	EL	F	0.04%	0.07%	0.04%
	EMR	A	0.13%	0.33%	0.13%
	EW	C	0.07%	0.19%	0.07%
	EXPD	D	0.02%	0.08%	0.02%
	FANG	D	0.06%	0.15%	0.06%
	FAST	B	0.08%	0.21%	0.08%
	FDX	B	0.13%	0.29%	0.13%
	FSLR	F	0.04%	0.09%	0.04%
	FTV	C	0.05%	0.12%	0.05%
	GEHC	F	0.07%	0.17%	0.07%
	GEV	B	0.17%	0.41%	0.17%
	GFS	C	0.04%	0.02%	0.02%
	GLW	B	0.07%	0.16%	0.07%
	GOOGL	C	4.05%	4.63%	4.05%
	GPC	D	0.03%	0.08%	0.03%
	GRMN	B	0.07%	0.14%	0.07%
	GWW	B	0.08%	0.22%	0.08%
	HAL	C	0.05%	0.12%	0.05%
	HES	B	0.08%	0.19%	0.08%
	HOLX	D	0.03%	0.08%	0.03%
	HPQ	B	0.06%	0.16%	0.06%
	HUBB	B	0.03%	0.11%	0.03%
	ICLR	D	0.03%	0.07%	0.03%
	IDXX	F	0.05%	0.15%	0.05%
	IEX	B	0.01%	0.08%	0.01%
	IFF	D	0.04%	0.1%	0.04%
	ILMN	D	0.04%	0.09%	0.04%
	INTC	D	0.18%	0.46%	0.18%
	IP	B	0.02%	0.07%	0.02%
	IR	B	0.07%	0.19%	0.07%
	ISRG	A	0.34%	0.85%	0.34%
	IT	C	0.07%	0.17%	0.07%
	JBHT	C	0.04%	0.07%	0.04%
	JCI	C	0.1%	0.25%	0.1%
	JNJ	D	0.46%	1.65%	0.46%
	KDP	D	0.08%	0.15%	0.08%
	KLAC	D	0.17%	0.37%	0.17%
	KO	D	0.5%	1.1%	0.5%
	KVUE	A	0.08%	0.2%	0.08%
	LEN	D	0.08%	0.0%	0.0%
	LEN	D	0.08%	0.18%	0.08%
	LH	C	0.02%	0.09%	0.02%
	LIN	D	0.38%	0.97%	0.38%
	LKQ	D	0.01%	0.04%	0.01%
	LRCX	F	0.19%	0.41%	0.19%
	LULU	C	0.06%	0.17%	0.06%
	LUV	C	0.04%	0.02%	0.02%
	LYB	F	0.05%	0.1%	0.05%
	MCK	B	0.16%	0.36%	0.16%
	MDLZ	F	0.16%	0.39%	0.16%
	MDT	D	0.2%	0.49%	0.2%
	META	D	2.4%	5.55%	2.4%
	MKC	D	0.04%	0.09%	0.04%
	MLM	B	0.08%	0.16%	0.08%
	MMM	D	0.13%	0.32%	0.13%
	MPC	D	0.09%	0.25%	0.09%
	MRK	F	0.35%	1.11%	0.35%
	MRO	B	0.01%	0.07%	0.01%
	MRVL	B	0.14%	0.35%	0.14%
	MSFT	F	6.29%	13.84%	6.29%
	MU	D	0.2%	0.49%	0.2%
	NEM	D	0.08%	0.22%	0.08%
	NKE	D	0.21%	0.4%	0.21%
	NOW	A	0.4%	0.92%	0.4%
	NTAP	C	0.05%	0.11%	0.05%
	NUE	C	0.07%	0.16%	0.07%
	NXPI	D	0.1%	0.25%	0.1%
	ODFL	B	0.09%	0.19%	0.09%
	OKTA	C	0.01%	0.05%	0.01%
	OMC	C	0.03%	0.09%	0.03%
	ON	D	0.05%	0.13%	0.05%
	OXY	D	0.08%	0.15%	0.08%
	PANW	C	0.23%	0.54%	0.23%
	PCAR	B	0.11%	0.25%	0.11%
	PFE	D	0.25%	0.63%	0.25%
	PG	A	0.69%	1.81%	0.69%
	PHM	D	0.05%	0.12%	0.05%
	PKG	A	0.02%	0.1%	0.02%
	PLD	D	0.18%	0.48%	0.18%
	PODD	C	0.02%	0.08%	0.02%
	PPG	F	0.06%	0.13%	0.06%
	PSX	C	0.1%	0.25%	0.1%
	PTC	A	0.04%	0.1%	0.04%
	PWR	A	0.08%	0.22%	0.08%
	QCOM	F	0.32%	0.77%	0.32%
	REGN	F	0.15%	0.35%	0.15%
	RMD	C	0.06%	0.16%	0.06%
	ROK	B	0.06%	0.14%	0.06%
	ROL	B	0.04%	0.06%	0.04%
	ROP	B	0.11%	0.26%	0.11%
	ROST	C	0.08%	0.21%	0.08%
	RVTY	F	0.01%	0.06%	0.01%
	SCCO	F	0.14%	0.04%	0.04%
	SMCI	F	0.02%	0.06%	0.02%
	SNPS	B	0.14%	0.37%	0.14%
	STE	F	0.04%	0.09%	0.04%
	STLD	B	0.04%	0.1%	0.04%
	SYK	C	0.25%	0.63%	0.25%
	TER	D	0.03%	0.07%	0.03%
	TJX	A	0.25%	0.61%	0.25%
	TMO	F	0.34%	0.87%	0.34%
	TRMB	B	0.01%	0.08%	0.01%
	TSCO	D	0.05%	0.13%	0.05%
	TSLA	B	1.62%	4.25%	1.62%
	TT	A	0.16%	0.42%	0.16%
	TTWO	A	0.06%	0.14%	0.06%
	TXN	C	0.33%	0.81%	0.33%
	TYL	B	0.04%	0.11%	0.04%
	UAL	A	0.03%	0.03%	0.03%
	UBER	D	0.26%	0.62%	0.26%
	ULTA	F	0.02%	0.07%	0.02%
	UPS	C	0.2%	0.43%	0.2%
	VLO	C	0.08%	0.2%	0.08%
	VLTO	D	0.05%	0.12%	0.05%
	VMC	B	0.07%	0.16%	0.07%
	VRT	B	0.08%	0.22%	0.08%
	WAB	B	0.06%	0.15%	0.06%
	WBA	F	0.01%	0.03%	0.01%
	WDC	D	0.04%	0.09%	0.04%
	WELL	A	0.15%	0.37%	0.15%
	WLK	D	0.03%	0.02%	0.02%
	WST	C	0.04%	0.1%	0.04%
	WY	D	0.04%	0.1%	0.04%
	XOM	B	0.9%	2.42%	0.9%
	XYL	D	0.05%	0.13%	0.05%
	ZBH	C	0.04%	0.1%	0.04%

RVRB Overweight 331 Positions Relative to HLAL

	Symbol	Grade	Weight
	NVDA	C	6.15%
	AMZN	C	4.4%
	BRK.A	B	1.65%
	AVGO	D	1.32%
	LLY	F	1.31%
	WMT	A	1.23%
	V	A	1.19%
	JPM	A	1.18%
	UNH	C	0.95%
	ORCL	B	0.9%
	MA	C	0.87%
	COST	B	0.77%
	HD	A	0.75%
	NFLX	A	0.64%
	BAC	A	0.6%
	ABBV	D	0.52%
	TMUS	B	0.46%
	WFC	A	0.45%
	PEP	F	0.39%
	ACN	C	0.39%
	MS	A	0.38%
	AXP	A	0.37%
	INTU	C	0.36%
	MCD	D	0.36%
	PM	B	0.35%
	CAT	B	0.35%
	GS	A	0.34%
	DIS	B	0.34%
	GE	D	0.34%
	IBM	C	0.33%
	BKNG	A	0.32%
	CMCSA	B	0.3%
	VZ	C	0.29%
	SPGI	C	0.29%
	T	A	0.28%
	LOW	D	0.28%
	AMGN	D	0.28%
	NEE	D	0.27%
	BLK	C	0.27%
	RTX	C	0.27%
	ETN	A	0.26%
	UNP	C	0.26%
	PGR	A	0.26%
	PLTR	B	0.24%
	KKR	A	0.24%
	LMT	D	0.24%
	SHOP	B	0.24%
	C	A	0.23%
	FI	A	0.23%
	BX	A	0.23%
	VRTX	F	0.22%
	ANET	C	0.22%
	BMY	B	0.21%
	HON	B	0.21%
	MMC	B	0.2%
	SCHW	B	0.2%
	GILD	C	0.2%
	CB	C	0.2%
	DE	A	0.2%
	SBUX	A	0.19%
	PH	A	0.18%
	CI	F	0.17%
	APO	B	0.17%
	MO	A	0.17%
	SO	D	0.17%
	EQIX	A	0.17%
	TD	F	0.17%
	SHW	A	0.17%
	WM	A	0.16%
	ELV	F	0.16%
	ORLY	B	0.16%
	APH	A	0.16%
	MSI	B	0.16%
	PYPL	B	0.16%
	ICE	C	0.16%
	CMG	B	0.16%
	AMT	D	0.16%
	TDG	D	0.16%
	APP	B	0.16%
	ZTS	D	0.15%
	PNC	B	0.15%
	ABNB	C	0.15%
	FICO	B	0.15%
	DUK	C	0.15%
	SPOT	B	0.15%
	MCO	B	0.15%
	CRWD	B	0.15%
	HCA	F	0.15%
	USB	A	0.14%
	ITW	B	0.14%
	EOG	A	0.14%
	BA	F	0.14%
	MAR	B	0.14%
	AON	A	0.14%
	COIN	C	0.13%
	CSX	B	0.13%
	ECL	D	0.13%
	TGT	F	0.13%
	NOC	D	0.13%
	CL	D	0.13%
	NU	C	0.13%
	FTNT	C	0.13%
	COF	B	0.12%
	CVS	D	0.12%
	MELI	D	0.12%
	EPD	A	0.12%
	RSG	A	0.12%
	WMB	A	0.12%
	WDAY	B	0.12%
	DASH	A	0.12%
	MET	A	0.11%
	PSA	D	0.11%
	TFC	A	0.11%
	AMP	A	0.11%
	KMI	A	0.11%
	URI	B	0.11%
	TEAM	A	0.11%
	HLT	A	0.11%
	AFL	B	0.11%
	AJG	B	0.11%
	FCX	D	0.11%
	GM	B	0.11%
	TRV	B	0.1%
	CPRT	A	0.1%
	PCG	A	0.1%
	MNST	C	0.1%
	CHTR	C	0.1%
	NSC	B	0.1%
	DLR	B	0.1%
	SPG	B	0.1%
	SRE	A	0.1%
	BK	A	0.1%
	ET	A	0.1%
	RCL	A	0.1%
	TTD	B	0.1%
	FIS	C	0.09%
	FLUT	A	0.09%
	MPLX	A	0.09%
	AME	A	0.09%
	AIG	B	0.09%
	ALL	A	0.09%
	VST	B	0.09%
	O	D	0.09%
	AEP	D	0.09%
	SQ	B	0.09%
	PAYX	C	0.09%
	KR	B	0.08%
	STZ	D	0.08%
	MSCI	C	0.08%
	DFS	B	0.08%
	F	C	0.08%
	PEG	A	0.08%
	CCI	D	0.08%
	MTD	D	0.08%
	LHX	C	0.08%
	CPNG	D	0.08%
	HWM	A	0.08%
	NDAQ	A	0.08%
	PRU	A	0.08%
	LNG	B	0.08%
	WCN	A	0.08%
	D	C	0.08%
	DDOG	A	0.08%
	KMB	D	0.08%
	IQV	D	0.07%
	LVS	C	0.07%
	CCEP	C	0.07%
	ALNY	D	0.07%
	KHC	F	0.07%
	SYY	B	0.07%
	CBRE	B	0.07%
	MTB	A	0.07%
	EXC	C	0.07%
	HSY	F	0.07%
	YUM	B	0.07%
	STLA	F	0.07%
	OTIS	C	0.07%
	XEL	A	0.07%
	CTSH	B	0.07%
	VRSK	A	0.07%
	TRGP	B	0.07%
	SNOW	C	0.07%
	WEC	A	0.06%
	CCL	B	0.06%
	BRO	B	0.06%
	CNC	D	0.06%
	ETR	B	0.06%
	LYV	A	0.06%
	IRM	D	0.06%
	VICI	C	0.06%
	AVB	B	0.06%
	VEEV	C	0.06%
	NET	B	0.06%
	HIG	B	0.06%
	WTW	B	0.06%
	RBLX	C	0.06%
	ED	D	0.06%
	RJF	A	0.06%
	GIS	D	0.06%
	EXR	D	0.06%
	MCHP	D	0.06%
	DTE	C	0.05%
	AEE	A	0.05%
	TROW	B	0.05%
	CDW	F	0.05%
	K	A	0.05%
	EXPE	B	0.05%
	EQR	B	0.05%
	CPAY	A	0.05%
	GDDY	A	0.05%
	ZM	B	0.05%
	STT	A	0.05%
	WAT	B	0.05%
	KEYS	A	0.05%
	TW	A	0.05%
	EFX	F	0.05%
	HPE	B	0.05%
	GPN	B	0.05%
	IOT	A	0.05%
	DXCM	D	0.05%
	CSGP	D	0.05%
	GOLD	D	0.05%
	ZS	C	0.05%
	ARES	A	0.05%
	HUM	C	0.05%
	HEI	B	0.05%
	BBY	D	0.04%
	VRSN	F	0.04%
	BALL	D	0.04%
	CFG	B	0.04%
	J	F	0.04%
	INVH	D	0.04%
	AER	B	0.04%
	FOX	A	0.04%
	MPWR	F	0.04%
	MDB	C	0.04%
	STX	D	0.04%
	CINF	A	0.04%
	PFG	D	0.04%
	MOH	F	0.04%
	ES	D	0.04%
	BAH	F	0.04%
	NTRS	A	0.04%
	TSN	B	0.04%
	STM	F	0.04%
	FE	C	0.04%
	SBAC	D	0.04%
	AWK	D	0.04%
	PHG	D	0.04%
	LDOS	C	0.04%
	CQP	B	0.04%
	WBD	C	0.04%
	BR	A	0.04%
	RF	A	0.04%
	HUBS	A	0.04%
	PPL	B	0.04%
	VTR	C	0.04%
	HBAN	A	0.04%
	DKS	C	0.03%
	MRNA	F	0.03%
	AVY	D	0.03%
	AVTR	F	0.03%
	ERIE	D	0.03%
	TXT	D	0.03%
	BAX	D	0.03%
	CSL	C	0.03%
	HRL	D	0.03%
	DG	F	0.03%
	MAA	B	0.03%
	MAS	D	0.03%
	TDY	B	0.03%
	CVNA	B	0.03%
	CRBG	B	0.03%
	FDS	B	0.03%
	L	A	0.03%
	CLX	B	0.03%
	DRI	B	0.03%
	WSO	A	0.03%
	PINS	D	0.03%
	CHKP	D	0.03%
	CTRA	B	0.03%
	DKNG	B	0.03%
	MT	B	0.03%
	CMS	C	0.03%
	CNP	B	0.03%
	YUMC	C	0.02%
	WRB	A	0.02%
	SNAP	C	0.02%
	KEY	B	0.02%
	EQT	B	0.02%
	JBL	B	0.02%
	CHWY	B	0.02%
	WSM	B	0.02%
	NRG	B	0.02%
	ESS	B	0.02%
	RS	B	0.02%
	LPLA	A	0.02%
	SW	A	0.02%
	EG	C	0.02%
	SUI	D	0.02%
	AMCR	D	0.02%
	HOOD	B	0.02%
	CELH	F	0.01%
	IEP	F	0.01%
	ETSY	D	0.01%
	MOS	F	0.01%
	SJM	D	0.01%
	FMC	D	0.01%
	U	C	0.01%
	ENPH	F	0.01%
	AAL	B	0.01%
	AES	F	0.01%
	SIRI	C	0.01%
	RIVN	F	0.01%
	CE	F	0.01%
	MGM	D	0.01%
	EXAS	D	0.01%
	RPRX	D	0.01%
	LW	C	0.01%
	WPC	D	0.01%
	SWKS	F	0.01%
	CPB	D	0.01%
	CNH	C	0.01%
	CAG	D	0.01%
	BSY	D	0.01%
	DT	C	0.01%
	PAYC	B	0.01%
	INCY	C	0.01%
	WMG	C	0.01%
	FTRE	D	0.0%
	LCID	F	0.0%

RVRB Underweight 18 Positions Relative to HLAL

	Symbol	Grade	Weight
	GOOG	C	-3.91%
	SLB	C	-0.28%
	ZBRA	B	-0.09%
	PNR	A	-0.08%
	SNA	A	-0.08%
	FLEX	A	-0.07%
	SWK	D	-0.06%
	POOL	C	-0.06%
	REG	B	-0.06%
	FFIV	B	-0.06%
	TECH	D	-0.05%
	IPG	D	-0.05%
	NWSA	B	-0.05%
	JNPR	F	-0.05%
	TFX	F	-0.04%
	CRL	C	-0.04%
	QRVO	F	-0.03%
	NWS	B	-0.02%

RVRB: Top Represented Industries & Keywords

Industries: Software - Application Diagnostics & Research Semiconductors Utilities - Regulated Electric Business Services Diversified Industrials Specialty Retail Asset Management Capital Markets Drug Manufacturers - Major Oil & Gas E&P Packaged Foods Software - Infrastructure Specialty Chemicals Aerospace & Defense Banks - Regional - US Biotechnology Medical Devices Oil & Gas Midstream Health Care Plans

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Dow Jones Component Electricity Electronics Insurance Medicine Semiconductor Aerospace Bank Telecommunications Banking Chemical Cloud Computing Mining Mobile Devices Transport Insurance Products

HLAL: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Diagnostics & Research Semiconductors Medical Devices Medical Instruments & Supplies Oil & Gas E&P Specialty Chemicals Drug Manufacturers - Major Household & Personal Products Integrated Shipping & Logistics Semiconductor Equipment & Materials Specialty Retail Airlines Apparel Stores Biotechnology Building Materials Business Services Chemicals Internet Content & Information

Keywords: S&P 500 Nasdaq 100 Computing Medicine Natural Gas Integrated Circuits Semiconductor Dow Jones Component Chemical Electronics Mining Petroleum Industry Aerospace Oil And Gas Biotechnology Building Materials Mobile Devices Plastic Transport Acid