XVOL vs. SPHD ETF Comparison

Comparison of Acruence Active Hedge U.S. Equity ETF (XVOL) to PowerShares S&P 500 High Dividend Portfolio (SPHD)

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

$20.72

Average Daily Volume

5,404

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPHD

PowerShares S&P 500 High Dividend Portfolio

SPHD Description

The PowerShares S&P 500® High Dividend Portfolio (the “Fund”) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility High Dividend Index (the “Underlying Index”). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. Standard & Poor’s® compiles, maintains and calculates the Underlying Index, which is composed of 50 securities traded on the S&P 500 Index that historically have provided high dividend yields and low volatility. The Fund and the Index are rebalanced and reconstituted semi-annually, in January and July

Grade (RS Rating)

Last Trade

$49.26

Average Daily Volume

688,770

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XVOL	SPHD
30 Days	-3.94%	4.96%
60 Days	0.25%	11.82%
90 Days	2.48%	11.12%
12 Months	14.15%	27.44%

6 Overlapping Holdings

Symbol	Grade	Weight in XVOL	Weight in SPHD	Overlap
LYB	D	2.12%	2.15%	2.12%
MO	A	3.65%	3.09%	3.09%
PFE	D	1.44%	2.28%	1.44%
PM	A	3.76%	2.37%	2.37%
T	A	1.34%	2.53%	1.34%
VZ	B	1.31%	2.72%	1.31%

XVOL Overweight 43 Positions Relative to SPHD

Symbol	Grade	Weight
EPD	C	3.49%
HBAN	B	2.43%
ANET	D	2.38%
RCL	C	2.37%
AFG	A	2.35%
USB	B	2.35%
NRG	C	2.33%
TFC	B	2.27%
UBER	B	2.19%
TDG	B	2.16%
AVGO	D	2.14%
KKR	B	2.02%
RF	B	2.01%
NVDA	D	1.99%
UBSI	B	1.94%
HOOD	D	1.92%
NNN	A	1.89%
PLTR	B	1.89%
ALL	B	1.87%
CCOI	A	1.84%
APO	D	1.84%
KLAC	D	1.83%
LNC	C	1.79%
UVV	B	1.74%
LRCX	F	1.72%
AMZN	D	1.6%
SFNC	B	1.57%
NWBI	B	1.57%
AMAT	F	1.56%
GS	C	1.55%
PKG	B	1.54%
RGA	B	1.52%
COST	B	1.52%
OGE	B	1.5%
CME	A	1.48%
WFC	D	1.47%
ADC	A	1.43%
BSX	A	1.36%
AIG	D	1.31%
MCK	D	1.29%
ABR	B	1.23%
ECL	B	1.23%
DDS	D	1.1%

XVOL Underweight 44 Positions Relative to SPHD

Symbol	Grade	Weight
CCI	A	-2.81%
VICI	A	-2.62%
BMY	B	-2.56%
D	A	-2.44%
O	A	-2.38%
KMI	B	-2.36%
AMCR	B	-2.32%
SPG	B	-2.28%
K	A	-2.25%
KVUE	A	-2.21%
KHC	A	-2.2%
CAG	A	-2.17%
ES	A	-2.15%
OKE	A	-2.15%
EVRG	A	-2.08%
DOW	D	-2.07%
PNW	A	-1.98%
EIX	A	-1.98%
GILD	A	-1.94%
UPS	F	-1.93%
FE	A	-1.91%
IPG	B	-1.9%
WEC	A	-1.89%
FRT	A	-1.87%
ETR	A	-1.86%
VTRS	C	-1.85%
EXC	A	-1.85%
WMB	B	-1.84%
DUK	A	-1.79%
HST	D	-1.74%
IBM	A	-1.73%
PRU	C	-1.72%
GIS	A	-1.7%
MDT	A	-1.63%
SJM	A	-1.63%
DRI	A	-1.61%
ABBV	B	-1.6%
CVX	F	-1.49%
HRL	A	-1.46%
JNJ	B	-1.43%
CSCO	B	-1.42%
OMC	B	-1.38%
EMN	C	-1.37%
XOM	C	-1.32%