SPGP vs. BOUT ETF Comparison

Comparison of Invesco S&P 500 GARP ETF (SPGP) to Innovator IBD Breakout Opportunities ETF (BOUT)

SPGP

Invesco S&P 500 GARP ETF

SPGP Description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500 GARP Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which is designed to track the performance of approximately 75 growth stocks in the S&P 500 that exhibit quality characteristics and have attractive valuation.

Grade (RS Rating)

Last Trade

$104.66

Average Daily Volume

274,951

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BOUT

Innovator IBD Breakout Opportunities ETF

BOUT Description

The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.

Grade (RS Rating)

Last Trade

$36.31

Average Daily Volume

1,208

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

Performance

Period	SPGP	BOUT
30 Days	0.56%	-0.91%
60 Days	6.46%	5.16%
90 Days	2.17%	3.69%
12 Months	17.47%	22.01%

5 Overlapping Holdings

Symbol	Grade	Weight in SPGP	Weight in BOUT	Overlap
FANG	F	1.58%	1.99%	1.58%
KLAC	D	1.3%	2.39%	1.3%
NXPI	F	1.49%	2.33%	1.49%
PANW	D	1.41%	1.3%	1.3%
ROST	C	1.92%	1.34%	1.34%

SPGP Overweight 70 Positions Relative to BOUT

Symbol	Grade	Weight
EOG	D	2.25%
NVDA	C	2.13%
ANET	B	2.09%
TJX	C	2.04%
VLO	F	2.04%
MPC	F	2.02%
COP	D	1.99%
UAL	B	1.91%
STLD	C	1.88%
MRO	D	1.85%
ULTA	D	1.83%
DAL	B	1.8%
BLDR	B	1.79%
NUE	D	1.67%
DHI	B	1.61%
DFS	C	1.59%
PSX	F	1.56%
PAYC	D	1.56%
OKE	C	1.53%
CF	A	1.52%
CVX	D	1.52%
GPC	D	1.52%
XOM	B	1.47%
DE	A	1.46%
JBL	D	1.45%
PHM	A	1.39%
ACGL	A	1.35%
CAT	A	1.35%
SYF	C	1.34%
LULU	D	1.32%
IT	C	1.32%
CTRA	D	1.32%
APA	F	1.31%
SYY	B	1.29%
TEL	D	1.26%
ON	F	1.25%
MOH	D	1.23%
PCAR	D	1.2%
COF	C	1.19%
LEN	B	1.17%
L	D	1.14%
MA	A	1.14%
BRK.A	C	1.13%
EG	B	1.1%
TPR	B	1.07%
WRB	B	1.06%
META	A	1.06%
DVN	F	1.05%
CE	D	1.05%
ODFL	D	1.05%
GWW	A	1.04%
MOS	F	1.04%
CB	A	1.01%
DECK	C	1.0%
GOOG	C	1.0%
INCY	B	0.99%
AMP	A	0.97%
CPRT	B	0.95%
AAPL	C	0.92%
V	C	0.89%
ADM	D	0.88%
LRCX	F	0.88%
OXY	F	0.85%
VRTX	D	0.84%
HAL	F	0.84%
AMAT	D	0.83%
MLM	D	0.81%
MCHP	F	0.81%
HPE	C	0.77%
LW	D	0.65%

SPGP Underweight 121 Positions Relative to BOUT

Symbol	Grade	Weight
FFTY	C	-8.0%
MELI	C	-2.45%
VIK	B	-2.36%
SPGI	C	-2.36%
PACS	C	-2.36%
QRVO	F	-2.35%
AHR	C	-2.34%
NVS	D	-2.33%
IDCC	A	-2.33%
CHKP	C	-2.33%
PGR	C	-2.32%
NEM	C	-2.29%
MWA	B	-2.28%
SWI	C	-2.24%
MS	B	-2.06%
GS	D	-2.05%
MPWR	C	-2.03%
OLED	C	-2.02%
AXP	A	-2.01%
AX	D	-2.01%
PPC	A	-1.99%
ISRG	C	-1.99%
MOD	C	-1.98%
MMM	B	-1.97%
KNTK	C	-1.97%
ADBE	F	-1.97%
PSN	A	-1.95%
IOT	C	-1.91%
ALNY	B	-1.35%
RSG	D	-1.34%
NMIH	C	-1.34%
AEM	C	-1.33%
GOOGL	C	-1.32%
WFRD	F	-1.31%
HLNE	A	-1.31%
EHC	B	-1.31%
ATGE	C	-1.31%
NVO	F	-1.3%
MANH	C	-1.3%
AAON	B	-1.28%
NOW	C	-1.23%
NBIX	F	-0.69%
ANF	D	-0.69%
PSTG	F	-0.68%
HALO	D	-0.68%
BKNG	C	-0.68%
PLTR	C	-0.67%
INTU	F	-0.67%
DSGX	C	-0.67%
VNOM	B	-0.66%
NFLX	C	-0.66%
MPLX	A	-0.66%
GMED	D	-0.66%
CYBR	C	-0.66%
AROC	C	-0.66%
VRNS	C	-0.63%
MMYT	D	-0.33%
AMSC	D	-0.33%
ELF	F	-0.32%
CLS	C	-0.32%
SRPT	F	-0.31%
PINS	D	-0.31%
IBKR	A	-0.31%
HESM	D	-0.31%
GRMN	D	-0.31%
FN	C	-0.31%
CRWD	D	-0.31%
ARM	C	-0.31%
ARIS	C	-0.31%
ALKT	D	-0.31%
DDOG	D	-0.3%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%
FFTY	C	-0.0%