XAD vs. INOC ETF Comparison

Comparison of Ishares US Aerospace & Defense Index ETF (XAD) to Horizons Inovestor CDN Equity Index ETF (INOC)

XAD

Ishares US Aerospace & Defense Index ETF

XAD Description

iShares U.S. Aerospace & Defense Index ETF is an exchange traded fund launched and managed by BlackRock Asset Management Canada Limited. It is co-managed by BlackRock Institutional Trust Company, N.A. It invests in public equity markets of the United States. The fund invests directly and through other funds in stocks of companies operating across industrials, capital goods, aerospace and defense sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the Dow Jones U.S. Select Aerospace & Defense Index, by using full replication technique. iShares U.S. Aerospace & Defense Index ETF was formed on September 6, 2023 and is domiciled in Canada.

Grade (RS Rating)

Last Trade

$65.43

Average Daily Volume

799

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

INOC

Horizons Inovestor CDN Equity Index ETF

INOC Description

The fundamental investment objective of the ETF is to seek to replicate, to the extent possible, the performance of the Nasdaq Inovestor Canada Index (the “Underlying Index”), net of expenses. The Underlying Index is a large capitalization equity index of diversified constituents which are selected largely from the Canadian equity universe.

Grade (RS Rating)

Last Trade

$15.88

Average Daily Volume

3,095

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	XAD	INOC
30 Days	-1.22%	-1.24%
60 Days	3.14%	0.06%
90 Days	6.20%	2.85%
12 Months	30.44%	20.28%

0 Overlapping Holdings

	Symbol	Grade	Weight in XAD	Weight in INOC	Overlap

XAD Overweight 4 Positions Relative to INOC

	Symbol	Grade	Weight
	CCO	B	9.87%
	WPM	B	4.57%
	FM	B	4.49%
	LUN	C	4.03%

XAD Underweight 8 Positions Relative to INOC

	Symbol	Grade	Weight
	NWC	A	-4.55%
	NA	A	-4.42%
	EMA	C	-4.38%
	ENGH	F	-4.27%
	EQB	B	-4.26%
	IFC	A	-4.24%
	LIF	C	-4.22%
	DOL	A	-4.22%

XAD: Top Represented Industries & Keywords

Industries: Copper Industrial Metals & Minerals Silver

Keywords: Mining Metal S&P/Tsx 60 Index Cobalt Copper Gold Metals Mineral Mineral Properties Mines Nickel Zinc Zinkgruvan Base Metal Cameco Candelaria Chemistry Constancia Mine Conversion Services Copper Mining In The Democratic Republic Of The Congo

INOC: Top Represented Industries & Keywords

Industries: Banks - Global Discount Stores Grocery Stores Insurance - Property & Casualty Software - Application Specialty Finance Steel Utilities - Diversified

Keywords: Financial Financial Services Bank Food Insurance Insurance Operations Integrated Oil Retail Retailers Retailing Service Provider Utilities Active Management Agriculture Algonquin Power & Utilities Analytics Asset And Liability Management Asset Management Bank Of Canada