TQQQ vs. CBLS ETF Comparison

Comparison of ProShares UltraPro QQQ (TQQQ) to Changebridge Capital Long/Short Equity ETF (CBLS)

TQQQ

ProShares UltraPro QQQ

TQQQ Description

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the NASDAQ-100 IndexÂ®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times (3x) the daily return of the index. The index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$79.59

Average Daily Volume

45,055,793

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

CBLS

Changebridge Capital Long/Short Equity ETF

CBLS Description

The investment seeks long-term capital appreciation while minimizing volatility. The Adviser also considers an assessment of a company's ESG attributes in determining the attractiveness of an investment opportunity. In general, the fund's investments are broadly invested over a number of sectors, but it may focus on the technology, consumer, and healthcare sectors. Under normal circumstances, at least 80% of the fund's net assets, plus borrowings for investment purposes, will be invested long or short in equity securities, including common stocks and depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.76

Average Daily Volume

2,182

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TQQQ	CBLS
30 Days	5.18%	5.19%
60 Days	7.41%	5.56%
90 Days	14.23%	5.46%
12 Months	79.98%	35.31%

10 Overlapping Holdings

Symbol	Grade	Weight in TQQQ	Weight in CBLS	Overlap
AAPL	B	3.2%	2.97%	2.97%
AMZN	C	1.92%	1.96%	1.92%
COST	B	1.01%	2.62%	1.01%
GOOG	C	0.87%	3.02%	0.87%
INTC	C	0.25%	1.93%	0.25%
INTU	C	0.45%	-0.51%	-0.51%
KDP	D	0.1%	-0.48%	-0.48%
NVDA	C	3.32%	3.08%	3.08%
ON	C	0.07%	1.53%	0.07%
PEP	F	0.52%	-0.48%	-0.48%

TQQQ Overweight 91 Positions Relative to CBLS

Symbol	Grade	Weight
MSFT	D	2.83%
AVGO	D	1.81%
META	D	1.8%
TSLA	B	1.51%
NFLX	B	0.92%
GOOGL	C	0.91%
TMUS	A	0.66%
CSCO	A	0.55%
AMD	F	0.53%
ADBE	C	0.53%
LIN	D	0.52%
ISRG	C	0.47%
TXN	D	0.43%
BKNG	B	0.42%
QCOM	F	0.41%
CMCSA	C	0.4%
AMGN	D	0.37%
AMAT	F	0.35%
HON	B	0.35%
PANW	C	0.31%
ADP	B	0.3%
VRTX	D	0.28%
GILD	B	0.27%
SBUX	B	0.27%
MU	D	0.27%
ADI	D	0.25%
MELI	C	0.24%
LRCX	F	0.23%
APP	B	0.22%
MDLZ	F	0.21%
PYPL	A	0.21%
CTAS	B	0.21%
CRWD	B	0.2%
CDNS	B	0.2%
KLAC	F	0.2%
SNPS	B	0.2%
CEG	D	0.19%
MAR	A	0.19%
MRVL	B	0.19%
REGN	F	0.19%
PDD	F	0.17%
ORLY	B	0.17%
FTNT	C	0.17%
DASH	A	0.16%
ADSK	B	0.16%
CSX	B	0.16%
ASML	F	0.15%
TTD	B	0.14%
NXPI	D	0.14%
WDAY	C	0.14%
ABNB	C	0.14%
ROP	B	0.14%
PCAR	B	0.14%
MNST	B	0.13%
FANG	F	0.13%
CPRT	A	0.13%
CHTR	C	0.13%
PAYX	B	0.12%
AEP	D	0.12%
EA	C	0.11%
BKR	C	0.11%
DDOG	A	0.11%
ODFL	B	0.11%
FAST	B	0.11%
ROST	C	0.11%
TEAM	B	0.1%
VRSK	A	0.1%
CCEP	B	0.09%
LULU	C	0.09%
AZN	F	0.09%
GEHC	F	0.09%
KHC	D	0.09%
CTSH	B	0.09%
EXC	D	0.09%
XEL	A	0.09%
CSGP	C	0.08%
TTWO	B	0.08%
IDXX	F	0.08%
MCHP	F	0.08%
DXCM	C	0.07%
ANSS	B	0.07%
ZS	C	0.07%
GFS	C	0.06%
MDB	C	0.06%
CDW	F	0.06%
WBD	C	0.06%
ILMN	C	0.05%
BIIB	F	0.05%
MRNA	F	0.04%
ARM	D	0.04%
SMCI	D	0.04%

TQQQ Underweight 58 Positions Relative to CBLS

Symbol	Grade	Weight
LNG	B	-3.43%
DELL	C	-2.93%
GTLS	B	-2.77%
SKY	B	-2.73%
BWXT	B	-2.7%
STRL	B	-2.61%
SCHW	A	-2.56%
CCL	B	-2.54%
EME	B	-2.53%
VST	B	-2.46%
OSW	B	-2.41%
MC	B	-2.37%
IBN	B	-2.36%
WTTR	B	-2.33%
D	C	-2.27%
NARI	C	-2.26%
RDDT	B	-2.26%
SO	D	-2.24%
ECL	D	-2.24%
ROL	B	-2.23%
AER	A	-2.22%
NEE	D	-2.14%
ORCL	C	-2.06%
BLBD	F	-2.06%
WMT	B	-2.03%
ETR	B	-1.96%
SCI	A	-1.93%
ERJ	B	-1.85%
TDG	D	-1.79%
RTX	D	-1.72%
GD	F	-1.69%
MGNI	B	-1.31%
DOOO	F	--0.44%
KLG	C	--0.48%
HRB	D	--0.5%
GIS	D	--0.5%
POST	B	--0.51%
ENR	A	--0.67%
GIII	C	--0.89%
R	B	--0.91%
TTC	D	--0.92%
PFE	D	--1.0%
CAG	D	--1.01%
NVO	F	--1.01%
SIG	B	--1.04%
GOGO	C	--1.1%
JNJ	D	--1.1%
NVAX	F	--1.13%
ROK	B	--1.13%
MIDD	B	--1.15%
AME	A	--1.18%
F	C	--1.36%
DE	B	--1.48%
SNOW	C	--1.49%
DUOL	B	--1.56%
HSY	F	--1.69%
HELE	C	--1.72%
LLY	F	--1.79%