EHLS vs. HAPS ETF Comparison

Comparison of Even Herd Long Short ETF (EHLS) to Harbor Corporate Culture Small Cap ETF (HAPS)

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

$23.20

Average Daily Volume

2,612

Number of Holdings ^*

271

* may have additional holdings in another (foreign) market

HAPS

Harbor Corporate Culture Small Cap ETF

HAPS Description

The fund invests at least 80% of its total assets in securities that are included in the index. The index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 200 small cap U.S. companies identified by Irrational Capital LLC those it believes to possess strong corporate culture based on its proprietary scoring methodology.

Grade (RS Rating)

Last Trade

$31.08

Average Daily Volume

121

Number of Holdings ^*

179

* may have additional holdings in another (foreign) market

Performance

Period	EHLS	HAPS
30 Days	8.97%	5.32%
60 Days	10.38%	5.21%
90 Days	12.83%	10.83%
12 Months		25.09%

19 Overlapping Holdings

Symbol	Grade	Weight in EHLS	Weight in HAPS	Overlap
AIN	C	-0.29%	0.8%	-0.29%
ALRM	C	-0.32%	0.43%	-0.32%
AMN	F	-0.16%	0.35%	-0.16%
CALX	D	-0.27%	0.24%	-0.27%
CASH	B	0.27%	0.43%	0.27%
CENTA	C	-0.28%	0.33%	-0.28%
GVA	A	1.41%	1.25%	1.25%
HLNE	B	0.62%	1.37%	0.62%
LMB	B	1.7%	0.17%	0.17%
NSP	F	-0.24%	0.9%	-0.24%
OXM	F	-0.31%	0.28%	-0.31%
PIPR	A	1.67%	1.17%	1.17%
POWL	C	0.45%	0.98%	0.45%
RPD	B	-0.29%	0.34%	-0.29%
SPT	C	-0.14%	0.23%	-0.14%
TDC	D	-0.29%	0.44%	-0.29%
TEX	F	-0.23%	1.24%	-0.23%
VERX	A	0.49%	0.35%	0.35%
VSAT	F	-0.16%	0.12%	-0.16%

EHLS Overweight 252 Positions Relative to HAPS

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%
IRM	C	1.68%
META	D	1.64%
SLG	B	1.62%
MSI	B	1.57%
USLM	A	1.53%
CTAS	B	1.48%
HWKN	B	1.46%
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%
BRO	B	1.0%
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%
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%
CLH	C	0.48%
PGR	A	0.48%
FI	A	0.48%
TYL	B	0.48%
QFIN	A	0.47%
HUBB	B	0.46%
MMYT	B	0.46%
GRBK	D	0.46%
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%
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%
CVI	F	-0.15%
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%
APA	D	-0.23%
IMCR	D	-0.23%
NKE	F	-0.23%
ELV	F	-0.23%
MCHP	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%
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%
HSY	F	-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%
F	C	-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%
DVN	F	-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%
ALB	B	-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%
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%
MOS	F	-0.29%
URBN	C	-0.29%
CENT	C	-0.29%
SLB	C	-0.29%
TMO	F	-0.29%
SIGI	C	-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%
PPG	F	-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%
ZD	B	-0.31%
IRTC	C	-0.32%
CAR	C	-0.32%
VLO	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%

EHLS Underweight 160 Positions Relative to HAPS

Symbol	Grade	Weight
AWI	A	-2.18%
CBT	D	-2.02%
PECO	A	-1.99%
MOG.A	B	-1.91%
ACLX	C	-1.89%
RYTM	C	-1.76%
EAT	A	-1.72%
APLE	B	-1.71%
PTCT	B	-1.63%
LOPE	C	-1.58%
AGIO	C	-1.55%
AVT	C	-1.53%
REZI	A	-1.42%
NUVL	C	-1.39%
KYMR	D	-1.32%
HRI	C	-1.32%
TNL	A	-1.3%
KBH	D	-1.26%
NSA	C	-1.26%
OGS	A	-1.24%
KOS	D	-1.2%
MC	C	-1.14%
TPG	A	-1.13%
SR	A	-1.11%
RDN	D	-1.1%
YETI	D	-1.02%
LBRT	D	-1.0%
CPA	D	-0.96%
SGRY	F	-0.95%
IVT	A	-0.94%
BROS	A	-0.9%
NTLA	F	-0.86%
CAKE	C	-0.79%
PSMT	D	-0.78%
LAUR	A	-0.77%
BHF	C	-0.75%
FHB	B	-0.74%
ALTR	B	-0.74%
SXT	C	-0.73%
DK	C	-0.72%
UPWK	B	-0.71%
WD	D	-0.71%
HURN	C	-0.69%
STEP	C	-0.69%
ACIW	B	-0.68%
GSAT	C	-0.66%
TRIP	F	-0.64%
AUR	C	-0.62%
WAFD	B	-0.62%
BOX	B	-0.62%
APPF	B	-0.6%
TARS	C	-0.6%
WK	B	-0.57%
CCS	D	-0.57%
BFH	C	-0.57%
KURA	F	-0.56%
FRME	B	-0.56%
ALGT	B	-0.55%
PI	D	-0.55%
JBGS	F	-0.55%
CMPR	D	-0.54%
BANR	B	-0.54%
COLL	F	-0.51%
LGIH	F	-0.51%
MD	C	-0.5%
UPST	B	-0.5%
PLMR	A	-0.5%
TOWN	B	-0.49%
BKE	B	-0.49%
IRWD	F	-0.49%
TROX	D	-0.49%
FLYW	B	-0.48%
EFSC	B	-0.47%
TRMK	C	-0.47%
FORM	D	-0.45%
FROG	C	-0.45%
WSBC	B	-0.44%
AESI	B	-0.44%
PRVA	C	-0.43%
CRAI	C	-0.42%
SCSC	C	-0.41%
NNI	D	-0.4%
IDT	B	-0.4%
SCS	C	-0.39%
WGO	C	-0.39%
MCY	A	-0.38%
PRGS	A	-0.38%
SONO	C	-0.38%
LOB	C	-0.37%
CSTL	D	-0.35%
VBTX	B	-0.35%
KFRC	D	-0.35%
UAA	C	-0.33%
HTH	C	-0.32%
PAR	A	-0.31%
ZETA	D	-0.31%
RYI	C	-0.3%
RGNX	D	-0.29%
DOLE	D	-0.29%
VIAV	C	-0.29%
ENV	B	-0.28%
OPEN	F	-0.27%
EXPI	D	-0.27%
KOP	C	-0.27%
BRZE	C	-0.27%
DOCN	C	-0.26%
EXTR	C	-0.26%
OCFC	B	-0.26%
USNA	C	-0.25%
BZH	C	-0.25%
CARG	B	-0.25%
INTA	B	-0.23%
CGEM	F	-0.23%
OBK	C	-0.22%
CSGS	B	-0.21%
VERV	F	-0.21%
SPTN	D	-0.21%
INFN	D	-0.2%
PSCF	B	-0.2%
SDGR	C	-0.19%
FWRG	C	-0.19%
SAGE	F	-0.18%
PRA	C	-0.17%
CARS	C	-0.17%
BY	B	-0.17%
ARLO	C	-0.17%
ASAN	B	-0.17%
ALKT	B	-0.16%
AMCX	C	-0.16%
MBIN	F	-0.15%
ATEN	A	-0.15%
CERT	F	-0.15%
AGS	A	-0.14%
FC	F	-0.14%
COUR	F	-0.13%
UDMY	D	-0.12%
GDYN	B	-0.12%
YEXT	B	-0.12%
HSTM	B	-0.11%
ALTG	C	-0.1%
BASE	B	-0.1%
NABL	F	-0.1%
RGP	F	-0.1%
HVT	D	-0.1%
ZIP	D	-0.09%
MITK	C	-0.09%
CHGG	C	-0.09%
BIGC	B	-0.08%
NEWT	C	-0.08%
ENFN	B	-0.08%
HCAT	D	-0.07%
IRBT	F	-0.06%
EB	C	-0.06%
SAVE	F	-0.05%
SEMR	C	-0.04%
HMST	F	-0.04%
GPRO	F	-0.04%
DOMO	B	-0.04%
VRA	C	-0.03%
RMAX	C	-0.03%