DFND vs. EHLS ETF Comparison

Comparison of Realty Shares DIVCON Dividend Defender ETF (DFND) to Even Herd Long Short ETF (EHLS)

DFND

Realty Shares DIVCON Dividend Defender ETF

DFND Description

The investment seeks long-term capital appreciation by tracking the performance, before fees and expenses, of the Reality Shares DIVCON Dividend Defender Index. The index is designed to select the companies for a long position that have the highest probability of increasing their dividend in a 12-month period and select the companies for a short position that have the highest probability of decreasing their dividend in a 12-month period. Under normal circumstances, at least 80% of the fund's assets (other than collateral held from securities lending, if any) will be invested in component securities of the benchmark index. It is non-diversified.

Grade (RS Rating)

Last Trade

$43.30

Average Daily Volume

849

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EHLS

Even Herd Long Short ETF

EHLS Description

EHLS seeks long-term capital appreciation through a momentum-focused strategy that takes both long and short positions in US equity securities. In selecting securities, the fund employs a proprietary algorithm that emphasizes a dynamic, trend-focused analysis, instead of a strictly bottom-up valuation analysis, driven by price movements and other data points based on market trends and stock momentum. The sub-adviser may adjust its proprietary system that is continuously optimized and refined. The fund strategy involves taking long positions in equity securities exhibiting strong upward momentum and short positions in those showing downward momentum. The actively managed fund targets a net equity exposure from 40% to 90% net long, subject to adjustments based on market conditions. The fund aims to maintain 100% long and 10-60% short exposure. Short sales may include entering into swap agreements or the use of leverage.

Grade (RS Rating)

Last Trade

$23.12

Average Daily Volume

2,612

Number of Holdings ^*

271

* may have additional holdings in another (foreign) market

Performance

Period	DFND	EHLS
30 Days	6.81%	8.97%
60 Days	3.15%	10.38%
90 Days	13.91%	12.83%
12 Months	14.05%

11 Overlapping Holdings

Symbol	Grade	Weight in DFND	Weight in EHLS	Overlap
ALB	B	1.01%	-0.28%	-0.28%
APA	D	-0.82%	-0.23%	-0.82%
BRO	B	2.13%	1.0%	1.0%
CTAS	B	2.6%	1.48%	1.48%
DVN	F	-1.12%	-0.27%	-1.12%
F	C	-2.41%	-0.25%	-2.41%
HSY	F	1.36%	-0.25%	-0.25%
HUBB	B	1.27%	0.46%	0.46%
MCHP	F	0.08%	-0.23%	-0.23%
MSI	B	1.86%	1.57%	1.57%
PPG	F	1.77%	-0.3%	-0.3%

DFND Overweight 59 Positions Relative to EHLS

Symbol	Grade	Weight
V	A	2.68%
SNA	A	2.66%
VRSK	A	2.44%
KLAC	F	2.42%
PG	C	2.27%
GWW	B	2.25%
SHW	B	2.25%
FDS	B	2.22%
NDSN	B	2.22%
MCD	D	2.2%
MPC	D	2.11%
CMI	A	2.09%
LMT	D	2.05%
PHM	D	2.0%
MCO	B	1.85%
MA	B	1.75%
ETN	A	1.74%
ITW	B	1.71%
ROK	C	1.65%
AMAT	F	1.59%
AON	A	1.52%
ALLE	C	1.51%
CSCO	B	1.5%
DHI	F	1.47%
HON	C	1.45%
J	D	1.42%
CB	C	1.39%
ADI	D	1.37%
MSCI	C	1.33%
MPWR	F	1.31%
CBOE	C	1.26%
CME	B	1.24%
MMC	B	1.21%
COST	A	1.2%
LIN	C	1.2%
CMCSA	B	1.15%
FAST	B	1.13%
LW	C	1.13%
AOS	F	1.09%
MSFT	D	1.0%
AAPL	C	0.95%
GL	C	0.93%
ODFL	C	0.88%
AVGO	D	0.86%
MLM	C	0.8%
INTU	B	0.78%
BR	A	0.75%
ACN	B	0.34%
PARA	C	-0.33%
INTC	C	-1.08%
VFC	C	-1.1%
FCX	F	-1.86%
NWS	A	-1.96%
LUV	C	-2.05%
SW	A	-2.15%
T	A	-2.19%
IP	A	-2.32%
CNP	A	-2.56%
D	C	-2.96%

DFND Underweight 260 Positions Relative to EHLS

Symbol	Grade	Weight
SPOT	B	-2.25%
BMA	C	-2.14%
CSWI	B	-2.03%
QTWO	A	-1.82%
HWM	A	-1.8%
NVDA	B	-1.72%
GDS	C	-1.71%
LMB	B	-1.7%
IRM	C	-1.68%
PIPR	A	-1.67%
META	D	-1.64%
SLG	B	-1.62%
USLM	A	-1.53%
HWKN	B	-1.46%
GVA	A	-1.41%
IGIC	B	-1.33%
VST	A	-1.31%
SE	A	-1.3%
FICO	B	-1.3%
CVNA	B	-1.29%
CRS	B	-1.27%
CW	C	-1.26%
ADMA	B	-1.26%
WELL	A	-1.25%
PLTR	B	-1.25%
BK	A	-1.24%
TPB	B	-1.24%
CEG	C	-1.21%
SFM	A	-1.2%
CLBT	B	-1.2%
NRG	B	-1.2%
SKT	A	-1.14%
REAX	D	-1.1%
PAM	A	-1.09%
RDNT	B	-1.08%
SLVM	B	-1.06%
ARES	A	-1.05%
DASH	B	-1.05%
FTDR	B	-1.04%
TRGP	A	-1.03%
TPL	A	-1.02%
HOOD	B	-1.01%
AXP	A	-1.0%
THC	D	-0.98%
CBRE	B	-0.98%
RSI	A	-0.98%
TMUS	B	-0.96%
NPAB	F	-0.92%
EDN	B	-0.92%
WAB	B	-0.89%
ANET	C	-0.88%
JXN	C	-0.87%
GLNG	C	-0.86%
PNTG	D	-0.84%
MOD	A	-0.82%
IESC	C	-0.79%
COOP	B	-0.78%
SKYW	C	-0.76%
CNX	A	-0.76%
ISRG	A	-0.76%
KKR	A	-0.76%
EME	A	-0.75%
BSX	A	-0.71%
PSN	D	-0.7%
CDNA	D	-0.62%
HLNE	B	-0.62%
CCB	A	-0.56%
AMAL	B	-0.56%
AIT	B	-0.55%
ALSN	B	-0.55%
NBN	C	-0.54%
BBSI	B	-0.54%
FTI	A	-0.53%
CNK	C	-0.51%
PKG	A	-0.49%
TWLO	A	-0.49%
VERX	A	-0.49%
CLH	C	-0.48%
PGR	A	-0.48%
FI	A	-0.48%
TYL	B	-0.48%
QFIN	A	-0.47%
MMYT	B	-0.46%
GRBK	D	-0.46%
POWL	C	-0.45%
UFPT	C	-0.44%
RNA	C	-0.44%
ALHC	C	-0.42%
CACI	D	-0.42%
RKLB	A	-0.39%
WULF	C	-0.34%
YPF	B	-0.32%
TCBX	B	-0.3%
CEIX	A	-0.3%
FRHC	B	-0.28%
KTB	B	-0.27%
MUSA	B	-0.27%
PPTA	C	-0.27%
CASH	B	-0.27%
EXLS	B	-0.26%
LYV	A	-0.26%
SOFI	B	-0.25%
MLR	C	-0.25%
PEGA	B	-0.25%
SNEX	B	-0.25%
MATX	C	-0.24%
ONON	A	-0.24%
BBW	C	-0.24%
GATO	C	-0.23%
TRUP	B	-0.23%
EXEL	B	-0.23%
AORT	B	-0.22%
CSTM	F	--0.07%
NEP	F	--0.09%
SPT	C	--0.14%
CVI	F	--0.15%
AMN	F	--0.16%
VSAT	F	--0.16%
AES	F	--0.17%
PGNY	F	--0.17%
STNG	F	--0.17%
APTV	F	--0.18%
ENPH	F	--0.18%
WU	F	--0.18%
FLNG	C	--0.19%
W	D	--0.2%
BEN	C	--0.2%
COLD	D	--0.2%
VAL	F	--0.2%
AMRC	F	--0.2%
WRLD	C	--0.2%
ASH	F	--0.21%
ELF	C	--0.21%
DG	F	--0.21%
ADNT	F	--0.21%
WSC	F	--0.21%
ASML	F	--0.22%
IGT	F	--0.22%
ENOV	C	--0.22%
PARR	F	--0.22%
FIVE	F	--0.22%
AVTR	F	--0.22%
DOOO	F	--0.22%
LEA	F	--0.22%
CSGP	D	--0.23%
MRK	D	--0.23%
ROG	D	--0.23%
DLB	B	--0.23%
NTST	C	--0.23%
IMCR	D	--0.23%
NKE	F	--0.23%
TEX	F	--0.23%
ELV	F	--0.23%
OLN	F	--0.23%
NUE	C	--0.23%
SCL	C	--0.24%
OMI	F	--0.24%
ENTG	D	--0.24%
CWT	C	--0.24%
WPC	C	--0.24%
ODP	F	--0.24%
NSP	F	--0.24%
WOR	F	--0.24%
APLS	F	--0.24%
PLD	F	--0.24%
PD	C	--0.24%
ETSY	D	--0.24%
SITE	F	--0.24%
CC	C	--0.24%
ADM	D	--0.25%
JBSS	F	--0.25%
AKAM	D	--0.25%
OTEX	F	--0.25%
FTV	C	--0.25%
PCH	F	--0.25%
IPG	D	--0.25%
MTN	C	--0.25%
FUL	F	--0.25%
PEP	F	--0.25%
GIS	D	--0.25%
ATKR	D	--0.25%
REXR	F	--0.25%
ALV	C	--0.25%
MGM	D	--0.26%
GO	C	--0.26%
BG	D	--0.26%
THS	D	--0.26%
ARE	F	--0.26%
STZ	D	--0.26%
ALGM	D	--0.26%
IAC	F	--0.26%
CTRA	B	--0.26%
HDB	C	--0.26%
FMX	F	--0.26%
SON	F	--0.26%
CALX	D	--0.27%
COHU	C	--0.27%
HXL	F	--0.27%
ON	D	--0.27%
MTDR	B	--0.27%
SLAB	F	--0.27%
CNI	F	--0.27%
CWH	B	--0.27%
CDW	F	--0.27%
YELP	C	--0.28%
OKTA	C	--0.28%
VTLE	C	--0.28%
MUR	D	--0.28%
VRSN	C	--0.28%
MRTN	D	--0.28%
CRL	D	--0.28%
USPH	B	--0.28%
SJW	F	--0.28%
PZZA	F	--0.28%
CENTA	C	--0.28%
TDC	D	--0.29%
FIVN	C	--0.29%
UGI	C	--0.29%
HP	C	--0.29%
SJM	D	--0.29%
CHRD	D	--0.29%
LKQ	F	--0.29%
AMRK	F	--0.29%
AIN	C	--0.29%
MOS	F	--0.29%
URBN	C	--0.29%
CENT	C	--0.29%
SLB	C	--0.29%
TMO	F	--0.29%
SIGI	C	--0.29%
RPD	B	--0.29%
CIVI	D	--0.29%
EXC	C	--0.3%
PINS	F	--0.3%
ES	C	--0.3%
EG	C	--0.3%
SNOW	B	--0.3%
WFRD	D	--0.3%
RIO	D	--0.3%
HES	B	--0.3%
AVA	A	--0.3%
AWK	C	--0.3%
EVTC	B	--0.3%
IDXX	F	--0.3%
HELE	C	--0.3%
ACI	C	--0.3%
DIOD	D	--0.3%
KMX	B	--0.31%
OXM	F	--0.31%
ZD	B	--0.31%
IRTC	C	--0.32%
CAR	C	--0.32%
VLO	C	--0.32%
ALRM	C	--0.32%
TENB	C	--0.33%
OVV	B	--0.33%
NARI	C	--0.34%
AMR	C	--0.35%
UPS	C	--0.37%
PRGO	C	--0.44%