XTL vs. NIXT ETF Comparison

Comparison of SPDR S&P Telecom ETF (XTL) to Research Affiliates Deletions ETF (NIXT)

XTL

SPDR S&P Telecom ETF

XTL Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the telecommunications segment of a U.S. total market composite index. In seeking to track the performance of the S&P Telecom Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the telecommunications industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$107.49

Average Daily Volume

15,420

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NIXT

Research Affiliates Deletions ETF

NIXT Description

The index consists of U.S. equity securities of micro-, small- and mid- capitalization companies that are believed to be value stocks. Under normal circumstances, at least 80% of the fund"s total assets (exclusive of collateral held from securities lending) will be invested in U.S. equity securities of micro-, small- and mid- companies.

Grade (RS Rating)

Last Trade

$26.85

Average Daily Volume

43,136

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

Performance

Period	XTL	NIXT
30 Days	1.39%	0.23%
60 Days	6.21%	1.10%
90 Days	12.45%
12 Months	51.99%

4 Overlapping Holdings

Symbol	Grade	Weight in XTL	Weight in NIXT	Overlap
CCOI	B	4.22%	0.75%	0.75%
LITE	B	6.03%	1.2%	1.2%
LUMN	C	4.09%	4.72%	4.09%
TDS	B	3.75%	1.23%	1.23%

XTL Overweight 34 Positions Relative to NIXT

Symbol	Grade	Weight
CIEN	B	4.91%
TMUS	B	4.63%
CSCO	B	4.6%
FFIV	A	4.55%
MSI	A	4.42%
ANET	D	4.24%
T	A	4.06%
JNPR	D	3.93%
FYBR	C	3.77%
VZ	C	3.64%
NPAB	F	3.55%
IRDM	F	3.43%
EXTR	C	2.95%
INFN	D	2.74%
UI	A	2.04%
CALX	F	2.02%
VIAV	C	1.84%
AAOI	A	1.81%
NTCT	C	1.8%
VSAT	F	1.64%
USM	B	1.46%
HLIT	F	1.42%
GOGO	C	0.98%
GSAT	C	0.97%
COMM	D	0.82%
LILAK	D	0.76%
BAND	D	0.73%
DGII	B	0.72%
ATEX	F	0.6%
IDT	B	0.49%
CLFD	F	0.43%
NTGR	B	0.4%
SHEN	F	0.35%
AVNW	F	0.14%

XTL Underweight 133 Positions Relative to NIXT

Symbol	Grade	Weight
LBRDK	C	-1.21%
DNLI	D	-1.18%
FTDR	A	-1.12%
SIRI	D	-1.12%
OMCL	C	-1.1%
AFRM	A	-1.09%
HBI	A	-1.06%
ACIW	B	-1.01%
VNO	C	-1.0%
VFC	C	-0.99%
BFH	B	-0.96%
SLG	B	-0.95%
CHRW	B	-0.95%
SNDR	A	-0.94%
GEN	B	-0.92%
BKU	A	-0.9%
UAA	C	-0.86%
MAC	A	-0.85%
CMA	B	-0.84%
SHC	F	-0.84%
LOPE	B	-0.81%
DEI	A	-0.81%
EQH	B	-0.8%
BIO	C	-0.8%
LNC	B	-0.8%
SMTC	B	-0.79%
MKTX	D	-0.79%
FHB	B	-0.79%
NRG	B	-0.78%
BXP	D	-0.78%
AMBA	B	-0.78%
SABR	C	-0.77%
FNF	D	-0.76%
PNW	A	-0.76%
RL	C	-0.76%
UHS	D	-0.75%
REG	A	-0.75%
PNM	B	-0.75%
PAYC	B	-0.75%
MP	C	-0.75%
HIW	D	-0.75%
ELS	B	-0.74%
MSGS	A	-0.74%
TNL	B	-0.74%
RNG	C	-0.74%
JWN	D	-0.74%
FL	F	-0.73%
DBX	C	-0.73%
DXC	C	-0.72%
SGRY	F	-0.72%
TFSL	B	-0.72%
CRUS	F	-0.72%
RIVN	F	-0.72%
YETI	D	-0.71%
OGS	A	-0.71%
KMX	C	-0.7%
OUT	A	-0.7%
NWL	B	-0.7%
MASI	B	-0.7%
VYX	B	-0.7%
ZD	B	-0.69%
SAM	C	-0.69%
JBLU	F	-0.68%
EPR	D	-0.68%
AVT	C	-0.67%
CNA	C	-0.67%
PINC	B	-0.67%
EMN	D	-0.66%
FRT	B	-0.66%
ALE	A	-0.66%
VIR	F	-0.66%
JKHY	D	-0.65%
GAP	D	-0.65%
CTLT	D	-0.65%
EQC	A	-0.65%
APLE	B	-0.65%
NVST	C	-0.64%
HE	C	-0.63%
JBGS	D	-0.63%
HAS	D	-0.62%
MTCH	F	-0.61%
HAE	C	-0.61%
PARA	D	-0.61%
IAC	D	-0.61%
CAR	C	-0.61%
AMED	F	-0.6%
NEU	D	-0.6%
ASAN	C	-0.59%
CABO	B	-0.59%
ALLY	C	-0.59%
SPR	D	-0.59%
HLF	C	-0.58%
HST	D	-0.58%
ARWR	D	-0.58%
VAC	C	-0.58%
TFX	F	-0.57%
FMC	D	-0.57%
PK	D	-0.57%
NGVT	B	-0.55%
HP	C	-0.55%
NOMD	D	-0.55%
AZTA	D	-0.54%
RAMP	C	-0.54%
NOV	C	-0.54%
IART	C	-0.52%
BMBL	C	-0.52%
LCID	F	-0.51%
ENOV	C	-0.51%
MOS	D	-0.5%
ZI	C	-0.5%
PLUG	F	-0.5%
HTZ	C	-0.49%
CBRL	C	-0.48%
ACLS	F	-0.48%
KSS	F	-0.47%
ETSY	D	-0.47%
NTLA	F	-0.47%
CRI	F	-0.46%
NSP	F	-0.45%
MQ	F	-0.45%
AEO	F	-0.45%
BBWI	C	-0.43%
HELE	C	-0.43%
MRVI	F	-0.42%
LEG	F	-0.4%
XRX	F	-0.4%
CVI	D	-0.37%
XRAY	D	-0.36%
QRVO	F	-0.34%
TRIP	F	-0.33%
SVC	F	-0.29%
SAGE	F	-0.25%
AGL	F	-0.21%