CWS vs. ESGX ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to Tuttle Capital Shareholders First Index ETF (ESGX)

CWS

AdvisorShares Focused Equity ETF

CWS Description

The AdvisorShares Focused Equity ETF seeks long-term capital appreciation. CWS aims to achieve its investment objective by investing primarily in a focused group of U.S. exchange-listed equity securities that the portfolio manager believes have favorable fundamental attributes.

Grade (RS Rating)

Last Trade

$70.28

Average Daily Volume

13,817

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ESGX

Tuttle Capital Shareholders First Index ETF

ESGX Description

ESGX invests in US-listed companies determined to have high shareholder value, unencumbered by ESG restrictions, such as political stances or conforming to a greater social goal of stakeholder capitalism. Using a proprietary methodology, the fund assigns stocks with shareholder value creation and financial metric scores. The shareholder value creation score considers information on corporate donations, advocacy, activities, and policies gathered from different data sources. The financial metrics score separately calculates a securitys one-year and five-year price performance, closing price, cash, revenue, debt-to-equity ratio, average dividend yield, profit margin, and market capitalization. Companies are ranked according to the highest shareholder value creation and financial metric scores. The fund selects and weights 50 companies from the resulting sets of filtered companies. The index is rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$25.31

Average Daily Volume

103

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWS	ESGX
30 Days	-0.20%	-3.29%
60 Days	1.68%	-0.71%
90 Days	4.14%
12 Months	27.49%

2 Overlapping Holdings

	Symbol	Grade	Weight in CWS	Weight in ESGX	Overlap
	ROL	B	3.86%	2.02%	2.02%
	SLGN	A	3.96%	2.17%	2.17%

CWS Overweight 23 Positions Relative to ESGX

Symbol	Grade	Weight
FICO	A	6.68%
FI	A	5.35%
MLR	C	5.32%
HEI	A	5.2%
APH	B	4.89%
AFL	C	4.57%
SYK	A	4.3%
MCO	B	4.15%
ICE	D	4.12%
COR	B	4.02%
INTU	B	3.78%
BR	B	3.77%
OTIS	D	3.73%
AGM	B	3.63%
FDS	B	3.54%
ABT	B	3.54%
AWK	C	3.39%
SAIC	F	3.38%
MGRC	B	3.38%
TMO	D	3.36%
HSY	F	3.28%
PII	F	2.38%
CE	F	1.6%

CWS Underweight 47 Positions Relative to ESGX

Symbol	Grade	Weight
GTLS	A	-2.58%
WST	C	-2.51%
TYL	B	-2.4%
VTRS	A	-2.37%
SEIC	B	-2.33%
NWS	B	-2.33%
RLI	A	-2.33%
VNO	C	-2.3%
GEF	A	-2.27%
TPX	B	-2.26%
JBHT	C	-2.24%
EVRG	A	-2.21%
PNR	B	-2.19%
VRSN	D	-2.16%
SYY	D	-2.14%
IBOC	B	-2.11%
EHC	B	-2.1%
FFIV	A	-2.08%
KIM	A	-2.07%
SYNA	D	-2.06%
PNW	A	-2.06%
TDY	B	-2.05%
DCI	B	-2.04%
DXCM	C	-2.02%
MANH	D	-1.97%
RVTY	D	-1.95%
KEYS	A	-1.92%
FRT	B	-1.91%
LKQ	F	-1.88%
HST	D	-1.88%
MAA	B	-1.85%
STE	D	-1.82%
POOL	D	-1.82%
CNP	A	-1.81%
SWKS	F	-1.81%
O	D	-1.75%
GPC	F	-1.74%
POST	C	-1.73%
WEX	F	-1.7%
MCHP	F	-1.69%
KNSL	B	-1.67%
EGP	D	-1.67%
BCO	F	-1.54%
LNTH	C	-1.52%
HII	F	-1.45%
QRVO	F	-1.19%
ENPH	F	-1.09%