XAW vs. EQCL ETF Comparison

Comparison of iShares Core MSCI All Country World ex Canada Index ETF (XAW) to Horizons Enhanced All-Equity Asset Allocation Covered Call ETF (EQCL)

XAW

iShares Core MSCI All Country World ex Canada Index ETF

XAW Description

The investment seeks to replicate, net of expenses, the performance of the MSCI ACWI ex Canada IMI. The index captures large, mid and small capitalization representation across 22 of 23 developed markets countries (excluding Canada) and 23 emerging market countries.

Grade (RS Rating)

Last Trade

$40.77

Average Daily Volume

28,289

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EQCL

Horizons Enhanced All-Equity Asset Allocation Covered Call ETF

EQCL Description

Horizons Enhanced All-Equity Asset Allocation Covered Call ETF is an exchange traded fund launched and managed by Horizons ETFs Management (Canada) Inc. The fund invests in public equity markets of global region. It invests through derivatives and through other funds in stocks of companies operating across diversified sectors. The fund uses derivatives such as options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to benchmark the performance of its portfolio against a composite index comprising of 20% of the S&P/TSX 60 Total Return Index, 35% of the Cboe S&P 500 Half BuyWrite Index, 10% of the Cboe NASDAQ-100 Half BuyWrite V2 Index, 12.5% of the Cboe MSCI EAFE BuyWrite Index, 12.5% of the MSCI Emerging Markets Net Total Return USD Index, 5% of the Cboe MSCI Emerging Markets BuyWrite Index and 5% of the MSCI Emerging Markets Net Total Return USD Index. Horizons Enhanced All-Equity Asset Allocation Covered Call ETF was formed on October 10, 2023 and is domiciled in Canada.

Grade (RS Rating)

Last Trade

$21.76

Average Daily Volume

3,584

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XAW	EQCL
30 Days	5.27%	2.50%
60 Days	4.19%	0.69%
90 Days	7.69%	2.79%
12 Months	22.58%

0 Overlapping Holdings

	Symbol	Grade	Weight in XAW	Weight in EQCL	Overlap

XAW Overweight 2 Positions Relative to EQCL

	Symbol	Grade	Weight
	XEF	A	25.12%
	XEC	A	10.92%

XAW Underweight 4 Positions Relative to EQCL

Symbol	Grade	Weight
USCC.U	B	-43.27%
HXDM	A	-31.99%
CNCC	B	-24.24%
QQCC	B	-12.37%

XAW: Top Represented Industries & Keywords

Industries:

Keywords: Market Capitalization Msci Eafe Stock Market Index Capitalization Weighted Index Emerging Market Financial Markets International Development Msci World Shareholders Stock Market Indices

EQCL: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Funds Betashares Developed Market Futures Contract Futures Roll Investor Msci Eafe Nasdaq Nasdaq 100