UPRO vs. RAYD ETF Comparison

Comparison of ProShares UltraPro S&P 500 (UPRO) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

UPRO

ProShares UltraPro S&P 500

UPRO Description

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the S&P 500®. 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 is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$81.21

Average Daily Volume

5,013,046

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

RAYD

The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF

RAYD Description

The Advisors' Inner Circle Fund III - Rayliant Quantitative Developed Market Equity ETF is an exchange traded fund launched by The Advisors Inner Circle Fund III. The fund is managed by Rayliant Investment Research. The fund invests in public equity markets across global developed region. The fund 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 employs quantitative analysis to create its portfolio. The fund employs proprietary and external research to create its portfolio. The Advisors' Inner Circle Fund III - Rayliant Quantitative Developed Market Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$30.38

Average Daily Volume

6,435

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	UPRO	RAYD
30 Days	3.23%	1.54%
60 Days	1.78%	3.26%
90 Days	3.83%	2.67%
12 Months	76.75%	29.32%

61 Overlapping Holdings

Symbol	Grade	Weight in UPRO	Weight in RAYD	Overlap
AAPL	D	3.57%	5.21%	3.57%
ABBV	B	0.39%	0.5%	0.39%
ADP	A	0.13%	0.52%	0.13%
ALL	A	0.06%	1.04%	0.06%
AMZN	C	1.78%	3.3%	1.78%
BKNG	B	0.14%	1.85%	0.14%
CL	C	0.1%	0.65%	0.1%
CMG	C	0.08%	0.38%	0.08%
CMI	C	0.05%	0.48%	0.05%
COST	B	0.44%	2.5%	0.44%
CRWD	D	0.07%	0.44%	0.07%
DECK	C	0.03%	0.46%	0.03%
DFS	C	0.04%	0.2%	0.04%
DIS	D	0.18%	0.2%	0.18%
DXCM	F	0.03%	0.18%	0.03%
FANG	F	0.04%	0.21%	0.04%
FICO	A	0.05%	0.21%	0.05%
GDDY	D	0.02%	0.25%	0.02%
GM	C	0.06%	0.39%	0.06%
GOOG	D	0.86%	0.36%	0.36%
GOOGL	D	1.03%	2.12%	1.03%
GRMN	D	0.03%	0.32%	0.03%
GS	D	0.18%	0.28%	0.18%
HCA	A	0.09%	0.41%	0.09%
HIG	B	0.04%	0.29%	0.04%
HPQ	D	0.03%	0.19%	0.03%
IBM	A	0.21%	0.57%	0.21%
INTC	F	0.09%	0.28%	0.09%
JNJ	B	0.45%	0.84%	0.45%
LDOS	B	0.02%	0.17%	0.02%
LLY	C	0.85%	1.87%	0.85%
LULU	D	0.03%	0.16%	0.03%
MA	A	0.44%	1.8%	0.44%
MCK	F	0.08%	1.1%	0.08%
META	B	1.26%	1.24%	1.24%
MMC	A	0.13%	0.59%	0.13%
MMM	A	0.08%	0.57%	0.08%
MO	C	0.11%	0.8%	0.11%
MRK	D	0.33%	0.63%	0.33%
MSFT	C	3.41%	5.07%	3.41%
MU	F	0.11%	0.3%	0.11%
NFLX	B	0.33%	0.37%	0.33%
NKE	D	0.11%	0.2%	0.11%
NRG	C	0.02%	0.15%	0.02%
NTAP	D	0.03%	0.22%	0.03%
NVDA	D	2.93%	6.08%	2.93%
PANW	C	0.13%	0.81%	0.13%
PG	A	0.47%	0.59%	0.47%
PGR	B	0.17%	1.12%	0.17%
PM	B	0.22%	0.21%	0.21%
PRU	C	0.05%	0.44%	0.05%
STX	D	0.02%	0.2%	0.02%
T	A	0.17%	0.78%	0.17%
TRGP	B	0.04%	0.2%	0.04%
TSN	C	0.02%	0.24%	0.02%
UBER	C	0.17%	0.22%	0.17%
V	A	0.49%	0.47%	0.47%
VRSK	D	0.04%	0.34%	0.04%
VRSN	D	0.02%	0.26%	0.02%
VRTX	C	0.14%	0.46%	0.14%
VZ	A	0.2%	0.21%	0.2%

UPRO Overweight 435 Positions Relative to RAYD

Symbol	Grade	Weight
BRK.A	C	0.97%
AVGO	C	0.75%
JPM	D	0.71%
TSLA	C	0.68%
UNH	C	0.62%
XOM	D	0.57%
HD	B	0.4%
WMT	B	0.37%
KO	B	0.32%
BAC	D	0.31%
ADBE	D	0.29%
CRM	D	0.27%
CVX	D	0.27%
PEP	B	0.27%
AMD	D	0.26%
TMO	B	0.26%
ORCL	B	0.25%
LIN	B	0.25%
ACN	C	0.24%
CSCO	C	0.23%
WFC	F	0.23%
MCD	B	0.23%
ABT	B	0.22%
QCOM	D	0.21%
TXN	D	0.21%
DHR	B	0.2%
INTU	C	0.2%
AMGN	B	0.2%
GE	A	0.2%
NEE	B	0.19%
ISRG	B	0.19%
NOW	B	0.19%
UNP	B	0.18%
PFE	C	0.18%
RTX	C	0.18%
SPGI	A	0.18%
CAT	C	0.18%
CMCSA	D	0.17%
AMAT	D	0.17%
LOW	B	0.16%
AXP	B	0.16%
TJX	B	0.15%
HON	D	0.15%
MDT	B	0.14%
SYK	B	0.14%
BLK	A	0.14%
LMT	B	0.14%
REGN	C	0.14%
MS	D	0.14%
ELV	B	0.14%
COP	F	0.14%
ETN	C	0.13%
C	D	0.13%
CB	B	0.13%
PLD	B	0.13%
BSX	B	0.13%
CI	B	0.12%
SBUX	C	0.12%
AMT	B	0.12%
ADI	D	0.12%
UPS	D	0.11%
BA	F	0.11%
SCHW	D	0.11%
SO	A	0.11%
BX	A	0.11%
GILD	B	0.11%
LRCX	F	0.11%
MDLZ	B	0.11%
KLAC	D	0.11%
BMY	C	0.11%
DE	B	0.11%
TMUS	A	0.11%
ZTS	B	0.1%
DUK	B	0.1%
ICE	B	0.1%
AON	B	0.09%
PYPL	B	0.09%
WM	D	0.09%
MCO	B	0.09%
EQIX	B	0.09%
CME	B	0.09%
TT	A	0.09%
KKR	B	0.09%
ANET	C	0.09%
SHW	A	0.09%
GD	B	0.08%
CSX	D	0.08%
BDX	D	0.08%
CDNS	D	0.08%
TGT	C	0.08%
EOG	D	0.08%
CTAS	B	0.08%
USB	C	0.08%
SNPS	D	0.08%
NOC	B	0.08%
PNC	B	0.08%
MSI	B	0.08%
PH	B	0.08%
APH	D	0.08%
TDG	B	0.08%
CVS	D	0.08%
WELL	B	0.08%
TFC	D	0.07%
NSC	C	0.07%
SLB	F	0.07%
ROP	B	0.07%
NEM	B	0.07%
FCX	D	0.07%
MPC	F	0.07%
NXPI	F	0.07%
APD	B	0.07%
ECL	A	0.07%
AZO	C	0.07%
AJG	A	0.07%
FDX	C	0.07%
ORLY	B	0.07%
ITW	B	0.07%
CCI	B	0.06%
PCAR	D	0.06%
KMB	C	0.06%
BK	A	0.06%
AIG	D	0.06%
ABNB	D	0.06%
ROST	C	0.06%
SRE	B	0.06%
TRV	A	0.06%
OKE	A	0.06%
HLT	B	0.06%
SPG	B	0.06%
AEP	A	0.06%
WMB	A	0.06%
DHI	B	0.06%
GEV	B	0.06%
O	B	0.06%
PSA	A	0.06%
ADSK	B	0.06%
MAR	D	0.06%
COF	D	0.06%
CEG	C	0.06%
PSX	F	0.06%
AFL	B	0.06%
EMR	D	0.06%
CARR	A	0.06%
PEG	A	0.05%
A	C	0.05%
GWW	B	0.05%
KMI	B	0.05%
MPWR	C	0.05%
GIS	B	0.05%
EW	D	0.05%
MCHP	D	0.05%
ACGL	A	0.05%
PAYX	B	0.05%
RSG	B	0.05%
F	D	0.05%
KVUE	B	0.05%
PCG	B	0.05%
LEN	B	0.05%
AMP	B	0.05%
MSCI	C	0.05%
LHX	C	0.05%
TEL	D	0.05%
HUM	F	0.05%
IQV	C	0.05%
VLO	F	0.05%
FIS	A	0.05%
URI	C	0.05%
CPRT	F	0.05%
MET	B	0.05%
JCI	B	0.05%
D	B	0.05%
DLR	A	0.05%
FTNT	B	0.05%
XYL	D	0.04%
VMC	D	0.04%
MLM	D	0.04%
CSGP	D	0.04%
GLW	C	0.04%
AVB	B	0.04%
IRM	A	0.04%
CHTR	D	0.04%
EIX	B	0.04%
NUE	D	0.04%
BKR	D	0.04%
MNST	C	0.04%
DD	B	0.04%
CBRE	B	0.04%
NVR	B	0.04%
ODFL	D	0.04%
XEL	B	0.04%
VICI	B	0.04%
IR	D	0.04%
EA	C	0.04%
KR	B	0.04%
ED	B	0.04%
HES	F	0.04%
RMD	B	0.04%
DOW	F	0.04%
HWM	B	0.04%
OXY	F	0.04%
GEHC	C	0.04%
EXR	A	0.04%
IT	B	0.04%
FAST	C	0.04%
RCL	B	0.04%
PWR	C	0.04%
EFX	B	0.04%
YUM	B	0.04%
OTIS	C	0.04%
AME	D	0.04%
CTSH	B	0.04%
IDXX	C	0.04%
CTVA	B	0.04%
KDP	B	0.04%
EXC	A	0.04%
CNC	C	0.04%
SYY	C	0.04%
STZ	C	0.04%
FSLR	D	0.03%
FE	B	0.03%
SW	B	0.03%
TROW	D	0.03%
ZBH	D	0.03%
PPL	A	0.03%
ES	B	0.03%
DOV	B	0.03%
VLTO	B	0.03%
STE	B	0.03%
MRNA	F	0.03%
HPE	F	0.03%
LYB	F	0.03%
TYL	B	0.03%
BR	B	0.03%
SBAC	B	0.03%
VST	C	0.03%
AXON	A	0.03%
BRO	B	0.03%
FTV	C	0.03%
TTWO	D	0.03%
VTR	B	0.03%
KEYS	C	0.03%
CHD	B	0.03%
EQR	B	0.03%
HAL	F	0.03%
STT	B	0.03%
IFF	B	0.03%
ETR	A	0.03%
DTE	A	0.03%
DVN	F	0.03%
PHM	B	0.03%
DAL	C	0.03%
ANSS	D	0.03%
CAH	B	0.03%
GPN	C	0.03%
AWK	A	0.03%
MTB	B	0.03%
KHC	C	0.03%
FITB	B	0.03%
MTD	D	0.03%
ROK	D	0.03%
CDW	D	0.03%
WAB	B	0.03%
TSCO	B	0.03%
HSY	B	0.03%
WTW	B	0.03%
WEC	B	0.03%
EBAY	A	0.03%
PPG	C	0.03%
BIIB	F	0.03%
ADM	D	0.03%
NDAQ	B	0.03%
ON	D	0.03%
UDR	B	0.02%
TRMB	C	0.02%
LYV	C	0.02%
EVRG	A	0.02%
JBHT	D	0.02%
DPZ	D	0.02%
BG	F	0.02%
VTRS	C	0.02%
UHS	B	0.02%
ROL	B	0.02%
PNR	A	0.02%
UAL	C	0.02%
LVS	D	0.02%
PODD	B	0.02%
CF	C	0.02%
NI	A	0.02%
L	C	0.02%
AKAM	D	0.02%
LNT	A	0.02%
SNA	B	0.02%
ALGN	D	0.02%
MRO	D	0.02%
SWK	B	0.02%
KEY	B	0.02%
CAG	B	0.02%
IEX	D	0.02%
ENPH	D	0.02%
KIM	B	0.02%
DOC	B	0.02%
SWKS	F	0.02%
WBD	D	0.02%
CCL	C	0.02%
AMCR	B	0.02%
EG	B	0.02%
IP	B	0.02%
FDS	C	0.02%
STLD	F	0.02%
TXT	D	0.02%
EXPE	C	0.02%
MAS	B	0.02%
ULTA	D	0.02%
AVY	B	0.02%
CTRA	F	0.02%
DGX	B	0.02%
EXPD	D	0.02%
PFG	C	0.02%
DG	F	0.02%
CNP	C	0.02%
LUV	C	0.02%
ZBRA	C	0.02%
PKG	B	0.02%
J	D	0.02%
WRB	C	0.02%
NTRS	B	0.02%
ARE	B	0.02%
MAA	A	0.02%
APTV	F	0.02%
HOLX	B	0.02%
BAX	C	0.02%
CFG	C	0.02%
MOH	C	0.02%
OMC	B	0.02%
DRI	C	0.02%
BBY	B	0.02%
WAT	C	0.02%
GPC	D	0.02%
EQT	D	0.02%
SYF	D	0.02%
ATO	A	0.02%
HUBB	B	0.02%
TER	D	0.02%
ESS	A	0.02%
BALL	C	0.02%
TDY	B	0.02%
WDC	D	0.02%
PTC	D	0.02%
CMS	A	0.02%
CLX	B	0.02%
MKC	B	0.02%
BLDR	C	0.02%
RF	C	0.02%
K	A	0.02%
HBAN	B	0.02%
INVH	B	0.02%
SMCI	F	0.02%
EL	F	0.02%
CPAY	C	0.02%
CINF	B	0.02%
CBOE	B	0.02%
WY	C	0.02%
RJF	C	0.02%
WST	F	0.02%
AEE	A	0.02%
FOX	C	0.01%
PARA	F	0.01%
BEN	D	0.01%
WBA	F	0.01%
ETSY	F	0.01%
BIO	C	0.01%
BBWI	F	0.01%
RL	B	0.01%
AAL	D	0.01%
WYNN	D	0.01%
IVZ	C	0.01%
NCLH	C	0.01%
BWA	F	0.01%
PAYC	D	0.01%
FMC	C	0.01%
CZR	D	0.01%
DVA	A	0.01%
MHK	B	0.01%
DAY	C	0.01%
MOS	F	0.01%
HSIC	D	0.01%
GL	C	0.01%
FRT	B	0.01%
GNRC	D	0.01%
SOLV	C	0.01%
HAS	B	0.01%
LW	D	0.01%
HRL	C	0.01%
MGM	D	0.01%
MKTX	C	0.01%
APA	F	0.01%
FOXA	C	0.01%
TPR	C	0.01%
MTCH	C	0.01%
AOS	D	0.01%
ALB	D	0.01%
PNW	A	0.01%
INCY	C	0.01%
CPB	B	0.01%
TAP	C	0.01%
NWSA	D	0.01%
CRL	D	0.01%
QRVO	F	0.01%
AIZ	C	0.01%
BXP	A	0.01%
HII	D	0.01%
LKQ	D	0.01%
CTLT	B	0.01%
TECH	D	0.01%
TFX	B	0.01%
EPAM	D	0.01%
FFIV	A	0.01%
EMN	A	0.01%
IPG	C	0.01%
REG	B	0.01%
HST	D	0.01%
AES	C	0.01%
CHRW	C	0.01%
ALLE	A	0.01%
JKHY	A	0.01%
JBL	D	0.01%
JNPR	B	0.01%
SJM	C	0.01%
CE	D	0.01%
KMX	D	0.01%
DLTR	F	0.01%
CPT	B	0.01%
POOL	C	0.01%
NDSN	C	0.01%
NWS	D	0.0%

UPRO Underweight 50 Positions Relative to RAYD

Symbol	Grade	Weight
EME	A	-1.5%
SPOT	C	-1.44%
BRBR	C	-1.42%
MELI	B	-1.33%
SFM	B	-0.88%
NVS	B	-0.85%
DTM	B	-0.85%
RGA	B	-0.65%
MORN	C	-0.64%
MUSA	B	-0.64%
MEDP	D	-0.52%
THC	B	-0.51%
ANF	D	-0.5%
CR	C	-0.41%
NU	B	-0.41%
WFRD	D	-0.4%
COKE	C	-0.39%
TEAM	D	-0.35%
ORI	B	-0.34%
APP	B	-0.33%
VEEV	C	-0.3%
HRB	C	-0.3%
PINS	F	-0.28%
CHKP	B	-0.28%
TEVA	C	-0.27%
GRAB	C	-0.26%
WING	B	-0.26%
TW	A	-0.25%
ERIE	B	-0.22%
XRX	F	-0.22%
DASH	C	-0.22%
SMAR	B	-0.21%
LOGI	F	-0.21%
HLI	A	-0.2%
LPLA	F	-0.2%
HUBS	D	-0.2%
MTG	B	-0.2%
MANH	A	-0.2%
ALNY	C	-0.19%
UTHR	C	-0.19%
NTNX	C	-0.19%
WWD	D	-0.18%
DBX	D	-0.18%
RPRX	C	-0.18%
TPL	C	-0.18%
MNDY	B	-0.18%
FTI	D	-0.18%
AER	C	-0.17%
CYBR	C	-0.16%
NBIX	D	-0.14%