SPUS vs. UPAR ETF Comparison

Comparison of SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) to UPAR Ultra Risk Parity ETF (UPAR)

SPUS

SP Funds S&P 500 Sharia Industry Exclusions ETF

SPUS Description

The investment seeks to track the performance, before fees and expenses, of the S&P 500 Shariah Industry Exclusions Index. The index is composed of the constituents of the S&P 500® Shariah Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The manager attempts to invest all, or substantially all, of its assets in the component securities that make up the index. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$41.19

Average Daily Volume

176,171

Number of Holdings ^*

230

* may have additional holdings in another (foreign) market

UPAR

UPAR Ultra Risk Parity ETF

UPAR Description

UPAR Ultra Risk Parity ETF is an exchange traded fund launched and managed by Toroso Investments, LLC. The fund invests in public equity, fixed income and commodity markets of global region. For its equity portion, it invests directly, through derivatives and through other funds in stocks of companies operating across diversified sectors. The fund uses derivatives such as futures to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, the fund invests directly and through derivatives in U.S. treasury inflation protected securities and U.S. treasury securities of varying maturities. For its commodity portion, it invests directly and through other funds in gold. UPAR Ultra Risk Parity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.75

Average Daily Volume

19,370

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPUS	UPAR
30 Days	1.12%	2.51%
60 Days	2.44%	7.17%
90 Days	2.15%	7.73%
12 Months	32.03%	18.15%

16 Overlapping Holdings

Symbol	Grade	Weight in SPUS	Weight in UPAR	Overlap
CF	C	0.05%	0.21%	0.05%
COP	D	0.4%	0.41%	0.4%
CTRA	D	0.06%	0.05%	0.05%
CTVA	B	0.13%	0.56%	0.13%
DVN	F	0.08%	0.08%	0.08%
ECL	B	0.21%	0.36%	0.21%
ENPH	D	0.05%	0.23%	0.05%
EOG	D	0.23%	0.23%	0.23%
FANG	D	0.1%	0.11%	0.1%
FCX	D	0.2%	0.6%	0.2%
FSLR	C	0.08%	0.41%	0.08%
HES	F	0.12%	0.13%	0.12%
IEX	D	0.05%	0.08%	0.05%
MOS	F	0.03%	0.11%	0.03%
XOM	C	1.66%	1.65%	1.65%
XYL	C	0.11%	0.17%	0.11%

SPUS Overweight 214 Positions Relative to UPAR

Symbol	Grade	Weight
AAPL	C	10.67%
MSFT	C	10.64%
NVDA	D	9.74%
AMZN	C	5.68%
META	B	3.82%
GOOGL	D	3.08%
GOOG	D	2.57%
LLY	C	2.45%
AVGO	C	2.43%
TSLA	C	2.12%
PG	C	1.37%
JNJ	C	1.32%
HD	B	1.25%
ABBV	C	1.14%
MRK	D	0.98%
AMD	D	0.82%
CRM	D	0.82%
PEP	C	0.81%
ADBE	F	0.8%
TMO	B	0.77%
LIN	B	0.75%
ACN	C	0.73%
CSCO	C	0.67%
ABT	C	0.67%
QCOM	D	0.62%
NOW	B	0.6%
DHR	B	0.6%
TXN	C	0.6%
ISRG	B	0.58%
AMAT	D	0.52%
UBER	C	0.5%
UNP	C	0.5%
LOW	B	0.49%
TJX	B	0.45%
BKNG	C	0.44%
HON	D	0.44%
SYK	C	0.42%
ETN	C	0.41%
BSX	B	0.41%
MDT	C	0.4%
PLD	C	0.4%
REGN	C	0.4%
ADI	C	0.37%
PANW	D	0.37%
MDLZ	B	0.34%
MU	F	0.34%
GILD	B	0.34%
LRCX	F	0.33%
KLAC	D	0.33%
NKE	D	0.32%
UPS	D	0.31%
ANET	B	0.3%
CL	D	0.29%
SHW	B	0.29%
TT	B	0.27%
EQIX	C	0.27%
SNPS	D	0.25%
PH	B	0.25%
WM	D	0.25%
APH	D	0.25%
CDNS	D	0.24%
MSI	B	0.24%
MMM	B	0.24%
ITW	C	0.23%
TGT	C	0.23%
CTAS	B	0.23%
CSX	D	0.22%
MCK	F	0.22%
BDX	D	0.22%
NEM	B	0.21%
APD	B	0.21%
ORLY	C	0.21%
CEG	C	0.2%
ADSK	C	0.19%
SLB	F	0.19%
DHI	B	0.19%
NXPI	F	0.19%
ROP	C	0.19%
EMR	D	0.19%
NSC	C	0.18%
AZO	D	0.17%
ABNB	D	0.17%
ROST	C	0.17%
FTNT	C	0.16%
KMB	D	0.16%
JCI	B	0.16%
MPWR	C	0.15%
CPRT	D	0.15%
VLO	F	0.15%
FICO	B	0.15%
TEL	D	0.15%
KVUE	C	0.15%
IDXX	C	0.14%
CMI	C	0.14%
EW	F	0.14%
GIS	B	0.14%
RSG	D	0.14%
MCHP	F	0.14%
GWW	B	0.14%
EFX	B	0.13%
OTIS	C	0.13%
CTSH	C	0.13%
AME	C	0.13%
PWR	B	0.13%
IT	B	0.13%
KDP	B	0.13%
FAST	C	0.13%
A	C	0.13%
MNST	D	0.12%
RMD	C	0.12%
IR	C	0.12%
GEHC	C	0.12%
CSGP	D	0.11%
EBAY	B	0.11%
MLM	D	0.11%
GLW	C	0.11%
AVB	B	0.11%
BKR	C	0.11%
DD	B	0.11%
ODFL	D	0.11%
NUE	F	0.11%
HPQ	D	0.1%
PHM	B	0.1%
CDW	D	0.1%
WAB	B	0.1%
ROK	D	0.1%
ADM	D	0.1%
PPG	D	0.1%
HSY	C	0.1%
LULU	D	0.1%
TSCO	C	0.1%
ON	D	0.1%
VMC	D	0.1%
FTV	C	0.09%
KEYS	C	0.09%
GRMN	D	0.09%
EQR	B	0.09%
ANSS	D	0.09%
DXCM	F	0.09%
CAH	C	0.09%
MTD	D	0.09%
BIIB	F	0.09%
SMCI	F	0.08%
DECK	C	0.08%
WY	C	0.08%
STE	C	0.08%
NTAP	D	0.08%
VLTO	C	0.08%
TYL	C	0.08%
HAL	F	0.08%
DOV	B	0.08%
CHD	D	0.08%
EL	F	0.07%
TER	D	0.07%
CLX	C	0.07%
MOH	D	0.07%
PTC	D	0.07%
MKC	C	0.07%
K	B	0.07%
HUBB	B	0.07%
WST	D	0.07%
ZBH	F	0.07%
BLDR	C	0.07%
EXPD	C	0.06%
ALGN	D	0.06%
DGX	B	0.06%
ZBRA	B	0.06%
EXPE	C	0.06%
AVY	C	0.06%
MAS	B	0.06%
ULTA	D	0.06%
J	C	0.06%
APTV	D	0.06%
PKG	B	0.06%
HOLX	B	0.06%
BBY	C	0.06%
GPC	D	0.06%
MAA	B	0.06%
WAT	C	0.06%
JBHT	D	0.05%
TRMB	C	0.05%
ROL	C	0.05%
AKAM	D	0.05%
PNR	B	0.05%
VRSN	D	0.05%
PODD	B	0.05%
SWKS	D	0.05%
STLD	F	0.05%
LKQ	F	0.04%
TFX	C	0.04%
EPAM	F	0.04%
TECH	C	0.04%
CHRW	B	0.04%
ALLE	B	0.04%
FFIV	B	0.04%
JNPR	B	0.04%
JBL	D	0.04%
CPT	B	0.04%
NDSN	C	0.04%
POOL	C	0.04%
PAYC	D	0.03%
MHK	C	0.03%
GNRC	D	0.03%
HSIC	C	0.03%
LW	D	0.03%
AOS	D	0.03%
ALB	D	0.03%
CRL	F	0.03%
INCY	C	0.03%
QRVO	F	0.03%
ETSY	F	0.02%
BIO	C	0.02%
WBA	F	0.02%
RL	C	0.02%

SPUS Underweight 21 Positions Relative to UPAR

Symbol	Grade	Weight
GLDM	B	-14.16%
VXF	B	-3.26%
DE	B	-1.61%
BHP	D	-1.34%
RIO	D	-1.04%
CVX	D	-0.9%
SCCO	D	-0.76%
TTE	D	-0.57%
VALE	D	-0.48%
BP	D	-0.3%
EQNR	F	-0.24%
CNH	D	-0.19%
E	C	-0.17%
OXY	F	-0.15%
AWK	B	-0.14%
SQM	D	-0.14%
TTC	D	-0.13%
FMC	C	-0.12%
AGCO	D	-0.08%
EQT	D	-0.07%
EC	F	-0.07%