COMP <GO>

ITA vs GLD // DIVIDEND YIELD & FCF PAYOUT SAFETY

iShares U.S. Aerospace & Defense ETF (NYSE) VS. SPDR Gold Shares Trust (NYSE) • 15-METRIC TALLY: ITA 2 — GLD 1

■ METRIC PARITY

LAST: $209.74 (-2.13%) • MKT CAP: $6.80B

dividend-safety

1.30%

LAST: $355.78 (-3.47%) • MKT CAP: $82.00B

dividend-safety

1.30%

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ITA VS. GLD) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	ITA	GLD	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	58.00%	58.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	19.50%	19.50%	0.00	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	3.40%	3.40%	0.00	TIE	/fcf-yield <GO>
Operating Margin	24.00%	24.00%	0.00	TIE	/operating-margins <GO>
Net Profit Margin	18.50%	18.50%	0.00	TIE	/net-margins <GO>
Revenue Growth (YoY)	9.20%	9.20%	0.00	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety ACTIVE	1.30%	1.30%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	4.80	4.80	0.00	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	7/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	3.20%	3.20%	0.00	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	50.2	30.3	+19.90	ITA	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.00	0.35	+0.65	ITA	/macro-sensitivity <GO>
Forward P/E Multiple	19.8x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$6.80B	$82.00B	-$75.20B	GLD	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	ITA REV	GLD REV	ITA GROSS %	GLD GROSS %	ITA FCF	GLD FCF
INSPECT INDIVIDUAL XBRL MODELS AT ITA FA <GO> AND GLD FA <GO>.

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ITA // BETA 1.00

GLD // BETA 0.35