USNZ vs. FWD ETF Comparison

Comparison of Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) to AB Disruptors ETF (FWD)

USNZ

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

USNZ Description

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF is an exchange traded fund launched and managed by DBX Advisors LLC. The fund invests in public equity markets of the United States. 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 seeks to track the performance of the Solactive ISS ESG United States Net Zero Pathway Enhanced Index, by using full replication technique. The fund does not invest in companies operating across controversial weapons, exhibit poor overall ESG performance, fossil fuels, oil sands, hydraulic fracturing and shale oil/gas, artic or deep water drilling, tobacco, weapons and firearms, alcohol, gambling, adult entertainment or recreational cannabis. Xtrackers Net Zero Pathway Paris Aligned US Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$37.91

Average Daily Volume

6,669

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

FWD

AB Disruptors ETF

FWD Description

FWD seeks capital growth by actively investing in companies globally, believed to be at the forefront of innovative growth trends. The funds adviser considers such companies as market disrupters. Many may utilize technology to enhance or create new demand for their product or service. The selection process combines a top-down evaluation of macroeconomic growth trends with fundamental, bottom-up analysis of individual companies. Factors such as current and projected profitability, pricing power, competitiveness, technological superiority, and management robustness of a company are considered. Targeted themes may include cloud infrastructure & AI, energy transition, transportation & logistics, medical innovation, digital transactions & media, and industrial innovation. The resulting portfolio of 80-120 stocks is considered non-diversified and may heavily focus on industries within the Information Technology sector.

Grade (RS Rating)

Last Trade

$83.95

Average Daily Volume

20,955

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USNZ	FWD
30 Days	1.39%	6.41%
60 Days	2.90%	8.28%
90 Days	3.59%	8.11%
12 Months	30.67%	46.37%

47 Overlapping Holdings

Symbol	Grade	Weight in USNZ	Weight in FWD	Overlap
ABBV	D	0.72%	0.73%	0.72%
ABNB	C	0.13%	0.46%	0.13%
ABT	B	0.52%	0.52%	0.52%
ADBE	C	0.48%	0.71%	0.48%
ADI	D	0.3%	0.63%	0.3%
AMAT	F	0.38%	0.87%	0.38%
AMD	F	0.52%	0.7%	0.52%
ANET	C	0.29%	1.53%	0.29%
APO	B	0.15%	1.09%	0.15%
ARM	D	0.09%	0.91%	0.09%
AVGO	D	1.67%	1.29%	1.29%
BKNG	A	0.35%	0.63%	0.35%
BSX	B	0.38%	1.56%	0.38%
CRWD	B	0.16%	1.11%	0.16%
DASH	A	0.29%	1.06%	0.29%
DDOG	A	0.07%	0.99%	0.07%
FTNT	C	0.12%	1.15%	0.12%
GOOGL	C	2.1%	1.3%	1.3%
HUBS	A	0.07%	0.65%	0.07%
ILMN	D	0.18%	0.56%	0.18%
IQV	D	0.07%	0.43%	0.07%
ISRG	A	0.52%	1.62%	0.52%
LLY	F	1.45%	0.76%	0.76%
LRCX	F	0.27%	0.94%	0.27%
MDB	C	0.04%	0.91%	0.04%
MELI	D	0.29%	0.62%	0.29%
META	D	3.18%	1.41%	1.41%
MRVL	B	0.25%	1.02%	0.25%
MSFT	F	8.14%	0.7%	0.7%
MU	D	0.29%	1.01%	0.29%
NFLX	A	0.72%	1.54%	0.72%
NOW	A	0.43%	0.55%	0.43%
NVDA	C	7.67%	5.29%	5.29%
ON	D	0.14%	0.98%	0.14%
ORCL	B	0.6%	1.81%	0.6%
RBLX	C	0.05%	0.72%	0.05%
SNPS	B	0.17%	0.72%	0.17%
SPOT	B	0.14%	1.16%	0.14%
SYK	C	0.36%	0.81%	0.36%
TEAM	A	0.08%	0.95%	0.08%
TER	D	0.09%	0.93%	0.09%
TMO	F	0.53%	0.58%	0.53%
TT	A	0.0%	1.05%	0.0%
TTD	B	0.11%	1.05%	0.11%
TXN	C	0.47%	1.51%	0.47%
UBER	D	0.39%	0.52%	0.39%
WAB	B	0.12%	0.86%	0.12%

USNZ Overweight 285 Positions Relative to FWD

Symbol	Grade	Weight
AAPL	C	8.59%
GOOG	C	1.89%
JPM	A	1.42%
UNH	C	1.11%
V	A	1.01%
PG	A	0.89%
HD	A	0.89%
MA	C	0.89%
JNJ	D	0.85%
CRM	B	0.64%
BAC	A	0.63%
CSCO	B	0.59%
MRK	F	0.59%
KO	D	0.59%
EIX	B	0.56%
PEP	F	0.56%
WFC	A	0.51%
ACN	C	0.5%
AWK	D	0.49%
QCOM	F	0.45%
MCD	D	0.44%
DHR	F	0.43%
AMGN	D	0.42%
DIS	B	0.41%
BMY	B	0.4%
GS	A	0.4%
PFE	D	0.4%
INTU	C	0.39%
LOW	D	0.38%
GILD	C	0.38%
VRTX	F	0.36%
VZ	C	0.35%
AXP	A	0.35%
CMCSA	B	0.35%
MS	A	0.35%
SPGI	C	0.34%
MDT	D	0.34%
BLK	C	0.33%
PLD	D	0.32%
T	A	0.32%
WELL	A	0.31%
SHW	A	0.31%
PGR	A	0.3%
DE	A	0.29%
INTC	D	0.29%
UPS	C	0.29%
AMT	D	0.29%
MSI	B	0.29%
EQIX	A	0.29%
NKE	D	0.29%
WM	A	0.28%
FI	A	0.27%
ORLY	B	0.27%
MDLZ	F	0.27%
ZTS	D	0.27%
ADP	B	0.26%
PANW	C	0.26%
C	A	0.26%
REGN	F	0.25%
MCK	B	0.25%
KLAC	D	0.25%
SCHW	B	0.25%
CB	C	0.24%
BDX	F	0.24%
DLR	B	0.24%
CVS	D	0.24%
SPG	B	0.24%
AZO	C	0.23%
MMC	B	0.23%
PSA	D	0.23%
ECL	D	0.23%
FAST	B	0.23%
TMUS	B	0.23%
ODFL	B	0.22%
FDX	B	0.22%
KKR	A	0.22%
CL	D	0.22%
TGT	F	0.21%
O	D	0.21%
CPRT	A	0.21%
LULU	C	0.2%
RMD	C	0.2%
CCI	D	0.2%
EXR	D	0.19%
LEN	D	0.19%
EBAY	D	0.19%
VICI	C	0.19%
GRMN	B	0.19%
ICE	C	0.19%
CTVA	C	0.19%
ELV	F	0.19%
PYPL	B	0.19%
GWW	B	0.19%
IRM	D	0.19%
DHI	D	0.19%
SYY	B	0.18%
OTIS	C	0.18%
WAT	B	0.18%
USCA	A	0.18%
GEHC	F	0.18%
AVB	B	0.18%
VTR	C	0.18%
CTAS	B	0.17%
DAL	C	0.17%
MCO	B	0.17%
SBAC	D	0.17%
COR	B	0.17%
CDNS	B	0.17%
K	A	0.17%
ALNY	D	0.17%
CMG	B	0.17%
KDP	D	0.17%
KMB	D	0.17%
CI	F	0.17%
CME	A	0.17%
ZBRA	B	0.16%
EW	C	0.16%
GM	B	0.16%
AON	A	0.16%
PHM	D	0.16%
KEYS	A	0.16%
CHD	B	0.16%
PKG	A	0.16%
NVR	D	0.16%
WST	C	0.16%
GIS	D	0.16%
INCY	C	0.16%
SNA	A	0.16%
GLW	B	0.16%
MLM	B	0.16%
EQR	B	0.16%
IDXX	F	0.16%
CLX	B	0.16%
PNC	B	0.16%
MKC	D	0.15%
MTD	D	0.15%
STE	F	0.15%
HSY	F	0.15%
MAA	B	0.15%
ZBH	C	0.15%
ESS	B	0.15%
WY	D	0.15%
UAL	A	0.15%
AJG	B	0.14%
ADSK	A	0.14%
ULTA	F	0.14%
HCA	F	0.14%
INVH	D	0.14%
HOLX	D	0.14%
PPG	F	0.14%
JBHT	C	0.14%
DOC	D	0.14%
USB	A	0.14%
RPRX	D	0.13%
PCAR	B	0.13%
HPQ	B	0.13%
KHC	F	0.13%
DXCM	D	0.13%
BK	A	0.13%
MCHP	D	0.13%
ARE	D	0.13%
NTAP	C	0.13%
DOV	A	0.13%
WDAY	B	0.12%
TFC	A	0.12%
TSCO	D	0.12%
FICO	B	0.12%
MAS	D	0.12%
EXPD	D	0.12%
COIN	C	0.12%
MPWR	F	0.12%
BAX	D	0.12%
BALL	D	0.12%
GPC	D	0.12%
ALGN	D	0.12%
AVTR	F	0.12%
CARR	D	0.12%
JCI	C	0.12%
BIIB	F	0.12%
IFF	D	0.12%
LUV	C	0.11%
TRV	B	0.11%
BMRN	D	0.11%
COF	B	0.11%
STX	D	0.11%
AFL	B	0.11%
SQ	B	0.1%
EL	F	0.1%
DFS	B	0.1%
APTV	D	0.1%
PAYX	C	0.1%
MSCI	C	0.1%
CPB	D	0.1%
CAH	B	0.1%
FIS	C	0.1%
AMP	A	0.1%
SCCO	F	0.1%
VRSK	A	0.09%
A	D	0.09%
F	C	0.09%
AIG	B	0.09%
SWKS	F	0.09%
CAG	D	0.09%
HUM	C	0.08%
ARES	A	0.08%
MET	A	0.08%
ENPH	F	0.08%
CHTR	C	0.08%
EA	A	0.08%
SNOW	C	0.08%
WDC	D	0.08%
CTSH	B	0.08%
HRL	D	0.08%
IT	C	0.08%
NUE	C	0.08%
BBY	D	0.08%
FITB	A	0.07%
STT	A	0.07%
ALL	A	0.07%
PRU	A	0.07%
WTW	B	0.07%
RJF	A	0.07%
VEEV	C	0.07%
CNC	D	0.07%
NDAQ	A	0.07%
GPN	B	0.07%
ACGL	D	0.07%
EFX	F	0.07%
EXPE	B	0.06%
NET	B	0.06%
IP	B	0.06%
MTB	A	0.06%
HBAN	A	0.06%
TTWO	A	0.06%
TROW	B	0.06%
MRNA	F	0.06%
SYF	B	0.06%
CSGP	D	0.06%
CBRE	B	0.06%
GFS	C	0.06%
CPAY	A	0.06%
WBD	C	0.05%
YUM	B	0.05%
LEN	D	0.05%
TRU	D	0.05%
CDW	F	0.05%
IBKR	A	0.05%
LH	C	0.05%
CBOE	B	0.05%
BR	A	0.05%
HIG	B	0.05%
NTRS	A	0.05%
DGX	A	0.04%
PINS	D	0.04%
GEN	B	0.04%
SMCI	F	0.04%
ROL	B	0.04%
ZS	C	0.04%
OMC	C	0.04%
ZM	B	0.04%
LYV	A	0.04%
MKL	A	0.04%
CINF	A	0.04%
CFG	B	0.03%
KEY	B	0.03%
OKTA	C	0.03%
PFG	D	0.03%
AKAM	D	0.03%
DPZ	C	0.03%
SSNC	B	0.03%
WRB	A	0.03%
VRSN	F	0.03%
EG	C	0.02%
FNF	B	0.02%
FOXA	B	0.02%
DOX	D	0.02%
SNAP	C	0.02%
RF	A	0.02%
SIRI	C	0.01%
PABU	A	0.01%
FOX	A	0.01%
RKT	F	0.01%
WMG	C	0.01%
ADM	D	0.0%
TSN	B	0.0%

USNZ Underweight 32 Positions Relative to FWD

Symbol	Grade	Weight
TSLA	B	-3.08%
VST	B	-2.35%
GEV	B	-2.15%
AMZN	C	-1.73%
VRT	B	-1.67%
SHOP	B	-1.39%
PLTR	B	-1.33%
HWM	A	-1.21%
EPAM	C	-1.14%
ETN	A	-1.09%
COHR	B	-1.06%
CAT	B	-0.98%
IOT	A	-0.98%
LSCC	D	-0.94%
BKR	B	-0.85%
NEE	D	-0.79%
GWRE	A	-0.79%
CIEN	B	-0.74%
FROG	C	-0.74%
MNDY	C	-0.74%
LITE	B	-0.66%
AFRM	B	-0.66%
SLAB	D	-0.65%
GTLB	B	-0.53%
RDDT	B	-0.53%
CRL	C	-0.5%
BSY	D	-0.48%
CFLT	B	-0.48%
IPGP	D	-0.44%
FCX	D	-0.42%
RGEN	D	-0.41%
Z	A	-0.4%