XVOL vs. PSCI ETF Comparison

Comparison of Acruence Active Hedge U.S. Equity ETF (XVOL) to PowerShares S&P SmallCap Industrials Portfolio (PSCI)

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

$23.25

Average Daily Volume

2,450

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSCI

PowerShares S&P SmallCap Industrials Portfolio

PSCI Description

The PowerShares S&P SmallCap Industrials Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Industrials Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US industrial companies. These companies are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense and general manufacturing. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$143.05

Average Daily Volume

5,667

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XVOL	PSCI
30 Days	4.62%	7.17%
60 Days	8.11%	10.31%
90 Days	10.07%	13.33%
12 Months	32.25%	39.09%

1 Overlapping Holdings

	Symbol	Grade	Weight in XVOL	Weight in PSCI	Overlap
	GFF	B	3.83%	1.06%	1.06%

XVOL Overweight 48 Positions Relative to PSCI

Symbol	Grade	Weight
APP	A	4.25%
VZ	C	3.7%
TFC	A	2.99%
AXS	A	2.93%
PLTR	A	2.72%
VST	A	2.7%
WAFD	B	2.58%
CCOI	B	2.55%
TMP	B	2.46%
THG	A	2.37%
NNN	C	2.36%
AVGO	C	2.26%
BBY	D	2.18%
FICO	B	2.06%
KKR	A	2.04%
NTRA	A	1.99%
NRG	B	1.97%
MSI	B	1.9%
WELL	A	1.77%
CTAS	B	1.76%
SWX	A	1.76%
BX	A	1.76%
T	A	1.74%
SPG	A	1.71%
HFWA	B	1.71%
MMM	D	1.71%
USFD	A	1.66%
VTR	B	1.65%
BMY	A	1.64%
WMT	A	1.62%
ORCL	A	1.6%
O	C	1.54%
PKG	B	1.53%
MPLX	A	1.52%
TW	A	1.51%
FNF	A	1.49%
PGR	B	1.48%
WSM	D	1.45%
EFX	F	1.45%
TRV	A	1.43%
GTY	A	1.39%
ORI	A	1.38%
BSX	A	1.36%
ICE	C	1.34%
PEG	C	1.33%
SPGI	D	1.25%
RKT	F	1.19%
PLOW	D	1.17%

XVOL Underweight 91 Positions Relative to PSCI

Symbol	Grade	Weight
MLI	B	-3.99%
RHI	C	-2.88%
CSWI	A	-2.6%
AWI	B	-2.5%
AVAV	C	-2.43%
ALK	A	-2.41%
MOG.A	B	-2.39%
ZWS	B	-2.11%
DY	C	-2.08%
BCC	C	-2.06%
MATX	B	-2.06%
FSS	B	-2.05%
ACA	A	-1.91%
AL	B	-1.85%
GTES	A	-1.77%
SKYW	B	-1.69%
FELE	B	-1.6%
GVA	A	-1.59%
KFY	B	-1.54%
GMS	B	-1.51%
RXO	C	-1.49%
RUSHA	B	-1.46%
VRRM	F	-1.41%
JBT	A	-1.39%
ESE	B	-1.38%
ABM	B	-1.36%
REZI	A	-1.35%
GEO	A	-1.33%
NPO	A	-1.29%
BRC	C	-1.25%
POWL	C	-1.22%
TRN	A	-1.16%
HUBG	A	-1.14%
UNF	B	-1.13%
ARCB	C	-1.06%
EPAC	B	-1.03%
HNI	B	-0.98%
CXW	B	-0.97%
AIN	C	-0.96%
AZZ	A	-0.95%
WERN	B	-0.95%
MYRG	C	-0.92%
SXI	B	-0.92%
AIR	B	-0.88%
KMT	C	-0.87%
HAYW	B	-0.84%
RUN	F	-0.84%
HI	C	-0.83%
ROCK	D	-0.83%
MRCY	C	-0.82%
KAR	A	-0.8%
B	A	-0.79%
ALG	C	-0.75%
GBX	B	-0.75%
APOG	B	-0.71%
JBLU	F	-0.7%
MLKN	F	-0.64%
TNC	F	-0.64%
CSGS	B	-0.59%
AMWD	C	-0.59%
VSTS	F	-0.59%
DNOW	B	-0.58%
TILE	B	-0.56%
SNDR	B	-0.55%
NX	C	-0.54%
VICR	C	-0.52%
LNN	B	-0.51%
NVEE	F	-0.46%
PBI	B	-0.46%
TGI	A	-0.46%
ALGT	C	-0.4%
MRTN	C	-0.39%
DLX	B	-0.39%
PRLB	C	-0.37%
VVI	B	-0.36%
HSII	B	-0.36%
WNC	D	-0.33%
ASTE	C	-0.33%
HCSG	C	-0.33%
DXPE	B	-0.33%
MATW	C	-0.28%
FWRD	D	-0.25%
NVRI	F	-0.22%
IIIN	D	-0.22%
SNCY	C	-0.22%
LQDT	A	-0.21%
KELYA	F	-0.19%
HTLD	B	-0.19%
NPK	C	-0.15%
HTZ	C	-0.15%
TWI	F	-0.14%