SDP vs. FDLS ETF Comparison

Comparison of ProShares UltraShort Utilities (SDP) to Inspire Fidelis Multi Factor ETF (FDLS)

SDP

ProShares UltraShort Utilities

SDP 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. UtilitiesSM 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 utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$15.26

Average Daily Volume

35,924

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDLS

Inspire Fidelis Multi Factor ETF

FDLS Description

Inspire Fidelis Multi Factor ESG ETF is an exchange traded fund launched by Northern Lights Fund Trust IV. The fund is managed by Inspire Investing, LLC. It invests in public equity markets of the United States. It 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 seeks to track the performance of the WI Fidelis Multi-Cap, Multi-Factor ESG Index, by using full replication technique. Inspire Fidelis Multi Factor ESG ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$32.91

Average Daily Volume

12,261

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SDP	FDLS
30 Days	3.53%	2.71%
60 Days	-1.26%	5.50%
90 Days	-12.30%	7.36%
12 Months	-40.79%	22.94%

2 Overlapping Holdings

	Symbol	Grade	Weight in SDP	Weight in FDLS	Overlap
	PNW	B	1.03%	0.98%	0.98%
	UGI	C	0.91%	0.9%	0.9%

SDP Overweight 44 Positions Relative to FDLS

Symbol	Grade	Weight
NEE	C	12.13%
SO	C	6.91%
D	C	6.77%
DUK	C	6.69%
AEP	C	4.77%
EXC	C	4.51%
SRE	A	4.34%
XEL	A	3.36%
WEC	A	2.98%
ED	C	2.94%
PEG	C	2.93%
ES	C	2.81%
EIX	C	2.7%
FE	C	2.6%
PPL	A	2.56%
DTE	C	2.52%
ETR	A	2.46%
AWK	C	2.31%
AEE	A	1.92%
CMS	C	1.82%
EVRG	A	1.5%
LNT	A	1.35%
ATO	A	1.34%
AES	F	1.33%
CNP	A	1.33%
WTRG	B	1.07%
NI	A	1.06%
VST	A	1.01%
NRG	B	0.95%
MDU	D	0.58%
IDA	A	0.54%
HE	C	0.51%
POR	C	0.51%
OGS	A	0.49%
BKH	A	0.49%
SR	A	0.42%
ALE	A	0.42%
SWX	A	0.41%
NJR	A	0.41%
PNM	B	0.4%
NFG	A	0.38%
NWE	C	0.37%
AVA	C	0.32%
AGR	A	0.28%

SDP Underweight 96 Positions Relative to FDLS

Symbol	Grade	Weight
HNST	A	-1.64%
POWL	C	-1.51%
SMWB	A	-1.32%
DAL	A	-1.31%
DOCU	B	-1.31%
SFM	A	-1.3%
IBKR	A	-1.28%
TILE	B	-1.27%
TDS	B	-1.24%
CEIX	A	-1.22%
NECB	B	-1.21%
OPRA	A	-1.19%
TCBX	A	-1.19%
TRGP	A	-1.19%
HQY	A	-1.17%
GRMN	B	-1.16%
NTNX	B	-1.16%
PPC	B	-1.13%
BKR	B	-1.12%
HWM	A	-1.12%
QCRH	B	-1.12%
FIX	A	-1.11%
STLD	B	-1.11%
DECK	A	-1.11%
EME	A	-1.09%
VIRT	A	-1.07%
TCMD	B	-1.07%
BBW	B	-1.07%
GEN	B	-1.07%
ACIW	B	-1.07%
EHC	B	-1.06%
FCNCA	A	-1.06%
GFF	B	-1.06%
ITRI	B	-1.06%
HSTM	A	-1.06%
CVLT	B	-1.06%
CTAS	B	-1.04%
BFH	B	-1.03%
TSM	B	-1.02%
VNET	C	-1.02%
OSPN	B	-1.02%
LGTY	B	-1.01%
RGA	B	-1.01%
MPLX	A	-1.0%
TSN	B	-1.0%
CAT	C	-1.0%
WLDN	C	-0.99%
WRB	B	-0.99%
QNST	C	-0.99%
ADMA	C	-0.99%
WWD	B	-0.99%
CHWY	B	-0.99%
VIRC	C	-0.98%
CPRX	C	-0.98%
PGR	B	-0.98%
BMI	C	-0.97%
APPF	C	-0.97%
LII	A	-0.96%
CSTL	C	-0.96%
MGIC	D	-0.96%
FANG	D	-0.96%
RNR	C	-0.95%
CBT	C	-0.95%
THC	C	-0.94%
MNDY	D	-0.94%
OFG	B	-0.93%
FRST	B	-0.92%
WES	C	-0.92%
DVA	C	-0.91%
FRBA	C	-0.9%
BELFB	C	-0.9%
RMD	C	-0.9%
QCOM	F	-0.9%
SAIC	F	-0.89%
ESEA	C	-0.87%
BCRX	D	-0.87%
PTGX	D	-0.86%
MELI	D	-0.85%
PHM	D	-0.85%
EGY	F	-0.84%
BG	D	-0.84%
VITL	D	-0.83%
HY	D	-0.82%
UHS	D	-0.81%
NOMD	D	-0.81%
MG	D	-0.8%
EVER	F	-0.8%
DHI	D	-0.8%
PLUS	F	-0.77%
CRUS	F	-0.77%
FSLR	F	-0.76%
NEM	D	-0.73%
ASC	D	-0.64%
OSCR	C	-0.63%
ATNI	F	-0.62%
ANGI	F	-0.59%