XVOL vs. KBWB ETF Comparison

Comparison of Acruence Active Hedge U.S. Equity ETF (XVOL) to PowerShares KBW Bank Portfolio ETF (KBWB)

XVOL

Acruence Active Hedge U.S. Equity ETF

XVOL Description

Valor Latitude Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.

Grade (RS Rating)

Last Trade

$20.55

Average Daily Volume

1,466

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBWB

PowerShares KBW Bank Portfolio ETF

KBWB Description

The PowerShares KBW Bank Portfolio (Fund) is based on the KBW Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$53.45

Average Daily Volume

605,727

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XVOL	KBWB
30 Days	1.58%	1.72%
60 Days	1.89%	0.65%
90 Days	0.30%	3.24%
12 Months	12.50%	35.64%

6 Overlapping Holdings

Symbol	Grade	Weight in XVOL	Weight in KBWB	Overlap
GS	A	1.43%	7.98%	1.43%
HBAN	D	2.18%	3.67%	2.18%
RF	B	1.73%	3.48%	1.73%
TFC	B	2.03%	4.1%	2.03%
USB	D	2.08%	4.0%	2.08%
WFC	C	1.52%	7.83%	1.52%

XVOL Overweight 43 Positions Relative to KBWB

Symbol	Grade	Weight
EPD	B	3.62%
PM	B	3.26%
MO	A	3.24%
ANET	A	2.47%
RCL	B	2.42%
LRCX	B	2.33%
AFG	D	2.32%
NRG	D	2.27%
HOOD	B	2.27%
UBER	B	2.22%
NVDA	B	2.18%
LYB	D	2.17%
AVGO	B	2.15%
TDG	D	2.15%
APO	B	1.98%
AMAT	B	1.94%
KLAC	B	1.89%
AMZN	A	1.87%
LNC	C	1.83%
KKR	C	1.82%
NNN	B	1.79%
ALL	D	1.67%
UBSI	D	1.67%
UVV	D	1.61%
PLTR	A	1.6%
COST	A	1.53%
CCOI	D	1.5%
RGA	C	1.49%
DDS	D	1.47%
PFE	C	1.46%
MCK	B	1.44%
OGE	C	1.42%
PKG	C	1.42%
CME	D	1.41%
ABR	B	1.35%
BSX	B	1.35%
VZ	B	1.35%
AIG	D	1.34%
NWBI	C	1.34%
T	B	1.33%
SFNC	D	1.31%
ADC	B	1.27%
ECL	B	1.23%

XVOL Underweight 18 Positions Relative to KBWB

Symbol	Grade	Weight
JPM	B	-8.03%
BAC	B	-8.02%
MS	B	-8.0%
BK	B	-4.08%
C	B	-4.04%
COF	D	-3.98%
MTB	C	-3.98%
STT	C	-3.95%
PNC	C	-3.94%
FITB	D	-3.92%
NTRS	C	-3.34%
CFG	B	-3.12%
KEY	C	-2.54%
EWBC	D	-1.98%
FHN	C	-1.6%
WAL	B	-1.33%
CMA	C	-1.26%
ZION	C	-1.23%