SPBC vs. IPKW ETF Comparison

Comparison of Simplify U.S. Equity PLUS GBTC ETF (SPBC) to PowerShares International BuyBack Achievers Portfolio (IPKW)

SPBC

Simplify U.S. Equity PLUS GBTC ETF

SPBC Description

The investment seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies and the Grayscale Bitcoin Trust. The fund invests in equity securities of U.S. companies through exchange-traded futures contracts, equity securities of U.S. companies and ETFs that primarily invest in the equity securities of U.S. companies. The fund invests up to 15% of its total assets in the Grayscale Bitcoin Trust.

Grade (RS Rating)

Last Trade

$35.89

Average Daily Volume

12,012

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

IPKW

PowerShares International BuyBack Achievers Portfolio

IPKW Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the NASDAQ International BuyBack AchieversTM Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the NASDAQ OMX Group, Inc. ("NASDAQ OMX" or the "Index Provider") includes in the underlying index common stocks of foreign companies that are classified as "International BuyBack AchieversTM" pursuant to a proprietary selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$42.75

Average Daily Volume

19,884

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

Performance

Period	SPBC	IPKW
30 Days	1.29%	1.94%
60 Days	6.36%	9.22%
90 Days	3.04%	5.30%
12 Months	52.98%	28.97%

0 Overlapping Holdings

	Symbol	Grade	Weight in SPBC	Weight in IPKW	Overlap

SPBC Overweight 1 Positions Relative to IPKW

	Symbol	Grade	Weight
	GBTC	D	4.4%

SPBC Underweight 2 Positions Relative to IPKW

	Symbol	Grade	Weight
	BABA	A	-5.78%
	LYG	C	-2.62%

SPBC: Top Represented Industries & Keywords

Industries:

Keywords: Asset Management Bitcoin Commodity Futures Trading Commission Digital Currency Group Exchange Traded Fund Grayscale Investments digital currency

IPKW: Top Represented Industries & Keywords

Industries: Banks - Regional - Europe Specialty Retail

Keywords: Advertising Inventory Asset Finance Asset Management Bancassurance Banking Cloud Computing Commercial Banking Computing Platform Consumer Marketplace Data Management Platform Database Services E Commerce E-Commerce Escrow Escrow Services Fax General Insurance Group Buying Insurance Products Investment Product